Charity registration number 1072094 (England and Wales)
HOLLYTREES ANIMAL RESCUE TRUST (HART) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
HOLLYTREES ANIMAL RESCUE TRUST (HART)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees R Dedicoat - Chairman A Dedicoat -Treasurer D Wills W Dedicoat - Secretary K Masterton Charity registration England and Wales 1072094 Registered office Holly Tree Packhorse Lane Hollywood Birmingham B47 5DH Auditor Sumer Auditco Limited Lumaneri House Blythe Gate Solihull B90 8AH Bankers NatWest Bank Pic 232/235 Stratford Road Shirley Solihull West Midlands B90 3AJ Coventry Building Society 261 Stratford Road Shirley Solihull West Midlands B90 3AL Quilter Cheviot Limited Floor 6 One Centenary Way Birmingham B3 3AY Investment advisors Bank House Financial Planning 1 Church Road Brewood Staffordshire ST19 SBT
HOLLYTREES ANIMAL RESCUE TRUST (HART)
CONTENTS
| Page | |
|---|---|
| Trustees’ report | 1-3 |
| Statement ofTrustees’ responsibilities | 4 |
| Independent auditor's report | 5-7 |
| Statement offinancial activities | 8 |
| Balance sheet | 9 |
| Notestothefinancialstatements | 10-17 |
HOLLYTREES ANIMAL RESCUE TRUST (HART)
TRUSTEES’ REPORT FOR THE YEAR ENDED 30 JUNE 2025
The Trustees present their annual report and financial statements for the year ended 30 June 2025.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the Trust.
Hollytrees Animal Rescue Trust (HART) (“the Trust”) is governed by a Declaration of Trust dated 15 June 1998.
Objectives and activities
The Trust's operations and principal activities are to rescue and provide care and shelter for stray, abandoned, neglected and unwanted animals of all kinds; to protect animals from ill-usage cruelty and suffering; the relief of persons unable to afford veterinary fees for spaying of cats and dogs by assisting with charges; and the relief of the elderly who are unable to afford kennel costs or veterinary bills for their pets.
Public Benefit
Due regard has been given to the guidance published by the Charity Commission on public benefit.
Achievements and performance
This year has been very focused on wildlife rearing and releasing.
Our rescue and re-homing of domestic animals has obviously continued and a lot of ‘feral ‘ cats we have managed to find homes for on small holding and horse yards , with food and warmth with acres to roam and rodent patrols , still with our safety net of HART to fall back on if circumstances were to change .
Ray and the staff continue to be called to assist in the tracking and capture of animals, both wild and domestic. These are most often cases of animals being hit by cars and bolting off in fear. Ray has also been offering advice and supplies for cases of stray dogs all over the country. Ray has built a reputation of being able to trap dogs that are notoriously elusive and is often called for advice from distressed owners. In some of the hardest cases, Ray has gone out himself to help.
Being the only rescue centre in the area to take in wildlife, we set an aim to try and make more focused facilities to do so , to make rearing and releasing easier.
Our aim last year was to make life easier and greener, which we have made good progress with, we now have solar panels with battery storage facility which was dramatically reduced our electricity bill.
We have also investment in a pick-up truck to help us through the elements and terrain also a second feet member of the van is in use.
Our wildlife aim this year is to get the nursery area expanded ready for what the year brings, and general tidying up of our storage areas.
Principal risks
The trustees review the risk to which the trust is exposed on an annual basis as part of the approval of the annual business plan.
The trustees have a risk management strategy which comprises:
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The annual review of the risks that the trust might face
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The establishment of systems and procedures to mitigate those risks identified e The implementation of procedures designed to minimise any potential impact on the trust should those risks materialise.
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HOLLYTREES ANIMAL RESCUE TRUST (HART) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Reserves Policy
The trustees have examined the trust's requirements for reserves in light of the main risks to the organisation. They have established a policy whereby reserves are sufficient to safeguard the ongoing operations of the trust, and to be able to fund necessary building improvements and development work to keep the facilities as up to date as possible. The trustees have examined the trust's requirements for reserves in light of the main risks to the organisation. They have established a policy whereby reserves are sufficient to safeguard the ongoing operations of the trust, and to be able to fund necessary building improvements and development work to keep the facilities as up to date as possible.
Financial review
During the year ended 30 June 2025 the total net income and movement in funds was £186,623 (2024 - £317,437). Total funds at 30 June 2025 amounted to £4,779,805 (2024 - £4,593,182), which are all unrestricted.
Investment policy
The trust avoids investing in high-risk strategies, so it is looking to a low risk strategy to produce the best financial return, within what the trust believe is an acceptable level of risk.
The trust's investment objective is for long term capital growth in excess of inflation.
Plans for future periods
Along with continuing to update our facilities, on going maintenance over the entire site has been another focus of ours, in order to make sure that our facilities are meeting the increased demand we are experiencing. Mainly focused on a new set of isolation blocks for cats and new animal hospital facilities.
Our financial advisor continues to guide the charity on the best way to keep our investments working well, We are looking to expand our larger animal sector with the view to invest in some land to asit with this . Whilst also being available should we need them in an emergency. It is a top priority for the charity that funds are always on hand to help any animal in need of our care.
We look forward to see what the rest of this year and 2025 will bring .
Structure, governance and management
Under the Declaration of Trust, the management of the trust is the responsibility of the trustees.
The Trustees who served during the year and up to the date of signature of the financial statements were:
R Dedicoat - Chairman
A Dedicoat -Treasurer
D Wills
W Dedicoat - Secretary
K Masterton
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Auditors
In so far as the trustees are aware:
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there is no relevant audit information of which the trust's auditor is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
The auditor, Sumer Auditco Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
The Trustees’ report was approved by the Board of Trustees.
R Dedicoat - Chairman Trustee
28 April 2026
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2025
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources of the trust for that year.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)
Opinion
We have audited the financial statements of Hollytrees Animal Rescue Trust (HART) (the ‘trust’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements: - give a true and fair view of the state of the charity's affairs as at 30 June 2025 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. tf we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the Trustees’ report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)
Responsibilities of Trustees
As explained more fully in the statement of Trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the trust's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so. ; % es ? . : : Auditor's responsibilities for the audit of the the financial statements '
Auditor's responsibilities for the audit of the the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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« Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.
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- Testing income for completeness.
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- Testing the completeness of related party balances and transactions.
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- We considered whether the going concern disclosure in the financial statements gives a full and accurate description of trustees' assessment of going concern.
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- We have reviewed employment matters for potential fraud and that the payroll charge in the financial statements agrees to the payroll records.
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« We have reviewed the accuracy and occurrence of resources expended and assessed whether they were in line with the charity's declaration of trust.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOLLYTREES ANIMAL RESCUE TRUST (HART)
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those ma#$rs we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitt y law, we do not accept or assume responsibility to anyone other than the charity and the charity's truste S a body, for our audit work, for this report, or for the opinions we have formed. r Richard Horton FCCALt Statutory Auditor)
For and on behalf of Sumer Auditco Limited, Statutory Auditor
Chartered Accountants
Lumaneri House Blythe Gate Solihull B90 8AH 28 April 2026
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 2 | 213,196 | 273,418 |
| Charitable activities | - | 525 | |
| Investments | 3 | 84,280 | 90,943 |
| Total income | 297,476 | 364,886 | |
| Expenditure on: | |||
| Raising funds | 4 | 17,150 | 15,363 |
| Charitable activities | 5 | 173,291 | 168,975 |
| Total expenditure | 190,441 | 184,338 | |
| Net gains/(losses) on investments | 8 | 79,588 | 136,889 |
| Net income and movement in funds | 186,623 | 317,437 | |
| Reconciliation of funds: | |||
| Fund balances at 1 July 2024 | 4,593,182 | 4,275,745 | |
| Fundbalancesat30June2025 | 4,779,805 | 4,593,182 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
BALANCE SHEET
AS AT 30 JUNE 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 10 | 449,284 | 479,831 | ||
| Investments | 11 | 1,476,839 | 1,380,940 | ||
| 1,926,123 | 1,860,771 | ||||
| Current assets | |||||
| Debtors | 12 | 7,415 | 7,415 | ||
| Investments | 13 | 767,926 | 752,622 | ||
| Cash at bank and in hand | 2,105,181 | 1,997,622 | |||
| 2,880,522 | 2,757,659 | ||||
| Creditors: amounts falling due within | 14 | ||||
| one year | (26,840) | (25,248) | |||
| Net current assets | 2,853,682 | 2,732,411 | |||
| Total assets less current liabilities | 4,779,805 | 4,593,182 | |||
| The funds of the trust | |||||
| Unrestricted funds | 16 | 4,779,805 | 4,593,182 | ||
| 4,779,805 | 4,593,182 |
The financial statements were approved by the Trustees on 28 April 2026
R Dedicoat- Chairman Trustee
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- 4 Accounting policies
Charity information
Hollytrees Animal Rescue Trust (HART) is registered with the Charity Commission in the United Kingdom. The trust is governed by a declaration of trust dated 15 June 1998.
- 1.1 Accounting convention
The financial statements have been prepared in accordance with the trust's Declaration of Trust dated 15 June 1998. the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. The principal accounting policies adopted are set out below.
1.2. Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Bank interest is accounted for when it is receivable.
Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
- 1 Accounting policies
(Continued)
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1.5 Expenditure
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Resources expended include all expenditure incurred in pursuance of the trust's objectives and are accounted for on an accruals basis. The trust is not registered for VAT, and so all VAT is irrecoverable and included with related expenditure.
All expenditure is accounted for on an accruals basis and is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 4% straight line Plant and equipment 15% reducing balance Fixtures and fittings 15% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- 1.7. Fixed asset investments
Fixed asset Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains/ (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment
1.8 impairment of fixed assets
At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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HOLLYTREES ANIMAL RESCUE TRUST (HART) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
1 Accounting policies
(Continued)
1.10 Financial instruments
- The trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial instruments !ssues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the trust's balance sheet when the trust becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payabie are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the trust's contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.12 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
2 Income from donations and legacies
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Donations | and | gifts | 79,032 | 31,957 |
| Legacies | 134,164 | 241,461 | ||
| 213,196 | 273,418 |
- 3 Income from investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Dividend Income | 20,127 | 24,281 |
| Interest Income | 64,153 | 66,662 |
| 84,280 | 90,943 |
- 4 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Fundraising and publicity | ||
| Investment advisers fees | 7,029 | 6,297 |
| Portfolio management costs | 10,121 | 9,066 |
| 417,150 | 15,363 |
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
5 Charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Staff costs | 80,121 | 73,340 |
| Depreciation and impairment | 32,182 | 35,189 |
| Kennel direct costs | 17,371 | 12,502 |
| Kennel overheads | 32,031 | 30,945 |
| Repairs and equipment hire | 2,636 | 1,280 |
| 164,341 | 153,256 | |
| Share ofgovernance costs | 8,950 | 15,719 |
| 173,291 | 168,975 |
Governance costs consists of audit and accounts fees. It includes payments to the auditors of £5,450 (2024£5,250) for audit.
6 Trustees
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.
7 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Direct staff | 3 | 3 |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wages and salaries | 77,388 | 71,134 |
| Other pension costs | 2,733 | 2,206 |
| 80,121 | 73,340 |
There were no employees whose annual remuneration was more than £60,000.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
8 Gains and losses on investments
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Unrestricted|
|funds|funds|
|2025|2024|
|Gains/(losses)|arising|on:|£|£|
|Movement|of market|79,588|136,889|
----- End of picture text -----
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Leasehold|Plantand|Fixtures|and|Motor|Total|
|tand|and|equipment|fittings|vehicles|
|buildings|
|£|£|£|£|£|
|Cost|
|At|1|July|2024|565,010|10,881|965|55,185|632,041|
|Additions|-|1,634|-|-|1,634|
|At|30|June|2025|565,010|12,515|965|55,185|633,675|
|Depreciation|and|impairment|
|At|1|July|2024|125,245|6,384|577|20,004|152,210|
|Depreciation|charged|in|the|year|22,600|728|58|8,795|32,181|
|At|30|June|2025|147,845|7,112|635|28,799|184,391|
|Carrying|amount|
|At|30|June|2025|417,165|5,403|330|26,386|449,284|
|At|30|June|2024|439,766|4,496|388|35,181|479,831|
----- End of picture text -----
There is no formal lease agreement for the property on which the leasehold buildings are located. The freehold title is owned by the chairman of the trustee, Ray Dedicoat. The buildings are being depreciated over 25 years on the basis that the trust will continue to be allowed to use the buildings for at least that period.
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
11 Fixed asset investments
| Listed | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Cost or valuation | |||
| At 1 July 2024 | 1,380,940 | ||
| Additions | 288,299 | ||
| Valuation changes | 79,588 | ||
| Other cash movements | 39,444 | ||
| Management and adviser fees | (17,150) | ||
| Disposals | (294,282) | ||
| At 30 June 2025 | 1,476,839 | ||
| Carrying amount | |||
| At 30 June 2025 | 1,476,839 | ||
| At 30 June 2024 | 1,380,940 | ||
| 2025 | 2024 | ||
| Investments at fairvalue comprise: | £ | £ | |
| Equities and securities | 1,407,218 | 1,333,938 | |
| Cash within the investment portfolio | 69,622 | 47,002 | |
| 1,476,840 | 1,380,940 | ||
| 12 | Debtors | ||
| 2025 | 2024 | ||
| Amounts falling due within one year: | £ | £ | |
| Prepayments and accrued income | 7,415 | 7,415 | |
| 13 | Current asset investments | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Shorttermdeposits | 767,926 | 752,622 |
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HOLLYTREES ANIMAL RESCUE TRUST (HART)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
| 14 | Creditors: amounts falling due | within one year | ||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| £ | £ | |||||
| Other taxation and social security | 2,078 | 2,626 | ||||
| Trade creditors | 2,058 | 321 | ||||
| Other creditors | 1,342 | 940 | ||||
| Accruals and deferred income | 21,362 | 21,361 | ||||
| 26,840 | 25,248 | |||||
| 15 | Retirement benefit schemes | |||||
| 2025 | 2024 | |||||
| Defined contribution schemes | £ | £ | ||||
| Charge to profit or loss in respect ofdefined contribution schemes | 2,733 | 2,206 | ||||
| The trust operates a defined contribution pension | scheme for all | qualifying employees. The | assets of the | |||
| scheme are held separately from those ofthe trust in an independently administered fund. | ||||||
| 16 | Unrestricted funds | |||||
| The unrestricted funds ofthe charity comprise the unexpended balances of donations and grants | which are | |||||
| not subject to specific conditions | by donors and grantors as to how | theymay be | used. These include | |||
| designated funds which have been set aside out ofunrestricted | unrestricted funds bythe trustees for specific | purposes. | ||||
| At 1 July 2024 | Incoming | Resources | Gains and | At30 June | ||
| resources | expended | losses | 2025 | |||
| £ | £ | £ | £ | £ | ||
| General funds | 4,593,182 | 297,476 | (190,441) | 79,588 | 4,779,805 | |
| Previous year: | At 1 July 2023 | Incoming | Resources | Gains and | = At 30June | |
| resources | expended | losses | 2024 | |||
| £ | £ | £ | £ | £ | ||
| Generalfunds | 4,275,745 | 364,886 | (184,338) | 136,889 | 4,593,182 |
17 Related party transactions
The only related parties are the trustees. They have not received any remuneration or expenses during the year. Certain amounts have been reimbursed for expenditure properly incurred on behalf of the trust. The trust occupies property rent free on an informal basis, the freehold of which is owned by the chairman of the trustees, Ray Dedicoat.
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