Charity registration number: 1078823 GSD 2000 Annual Report and Financial Statements for the Year Ended 31 March 2024 WESTCOTTS CM4A TÉREB A¢¢OUNT114TS & BIJEIHÈSS ADVISEPS
GSD 2000 Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examlnef s Report Statement of Financial Activities Balance Sheet Notes to the Financlal Statements 8t017
GSD 2000 Reference and Adminlstrative Details Trustees Brenda Travers Laurence Mogg Susan Dowdell Valerie Clare Amanda Gane Graeme Bates June Tandy 1078823 Charity Reglstration Number Principal Offlce 11 MaesyDre Glynneath Neath SA115HH Catherlne Williams FCA DChA Westcotts (SW) LLP 47 Boutport Street Barnstaple Devon EX311SQ Independent Examiner Page 1
GSD 2000 Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. Objedives and activities The objectlves of the Charity are to relieve the suffering and dlstress of unwanted, abandoned or badly-treated German Shepherd Dogs by rescuing and re-homing such dogs. GSD 2000 doe5 not have its own premises but uses licensed, registered kennels for ils rescue dogs, where they receive excellent care. If owners, circumstances change, previously re-homed dogs are accepted back into charity care at any time of their lives, which ensures lifelong security for the dog. Older dogs and those with ongoing medical problems may be placed in homes on a Charity Assisted basis, which means the dogs enjoy life in a home environment instead of in a boarding kennel. The Charity funds some of their veterinary care and sometimes their food rf a special diet is recommended by the veterinary surgeon. The Charity rescues and re-homes dogs mainly in the South-west of the UK. We do not import rescue dogs from abroad and have no plans to do so. At the beginnlng of 2024 we worked with two other charities to help 15 German Shepherds (a group of ten and another group of five) seized by Dog Wardens on welfare grounds. Each charity took 5 dogs and gave them the medical and pastoral care they needed. Public benefit In plannlng their activities, the Trustees have kept in mind the Charity Commisslon guidance on public benefit, and regularly work with Social Services, dog wardens and other charities. We are often asked to take on dogs wlth severe behavioural issues. We simply can't re-home these types of dogs, but always try to offer alternative contacts or suggestions to their owners such as other specialist rescues or trainers. Achievements and perfomiance People are still wary of taklng on big dogs due to the cost of food, veterinary care and insurance. This year however, we have seen some prospective owners come forward and have matched the rlght dog to them. Sadly there is always a list of dogs waiting to come in to rescue. Many of our members and supporters have been involved with GSD 2000 for over ntY years. They continue to send donations and this is much appreciated. The GSD 2000 shop at Holsworthy is very busy. It provides a steady income towards our kennelling costs. New volunteers have come along through this year. Customers are always eager to call in and look for a bargain. and enjoy the happy atmosphere in the shop. Financial review Expendlture for 202312024 was £97,247 an increase of £9,585 on 202212023's expenditure which Nyas £87,662. There are still high veterinary costs duie to the number of rescued dogs found to have medic81 problems. Income from all sources.. subscriptions. shop, money4aising activities and donations for the 202312024 period was £233,965. This shows 8 decrease of £78.002 against the previous year where income was £311,958. Our total expenditure has increased from last year. but our total Income during the year has decreased. (A large legacy was received last year). Page 2
GSD 2000 Trustees. Report (contlnued) Reserves At the year end, total reserves stood at £731.996 which includes restrl¢ted funds of £72,773. The totsl reseNes figure for 202J2023 was £595,287. A large unrestricted fund Is purposely maintained as the Charitls objective is to re-home all its dogs with a lifetime guarantee to come back into care and be either re-homed or kept for the remainder of their lives. Therefore funds need to be available for any emergency or if a number of dogs are suddenly returned wtth serious but treatable medical nditions. The Trustees acknowledge the underlying concem regarding being properly prepared for the unexpected and having the ability to access cash immediately. Having the resetves gives the Charity a safety net during uncertain times. We have always dreamt of having our own kennels -sadly with property costs rising. it is 5ti11 a dream. The Trustees will investigate alternative ways of utilising these funds for the best benefit. Cash balances The total bank and cash held in all accounts at the end of March 2024 was £730.658 compared to the total cash and bank balance of £559,423 at the end of March 2023. Plans for future periods The Charity will continue to ralse funds to rescue and re-home Gemian Shepherd Dogs as required for the Ilfetime of every dog that passes through the Charity. Structure, govemance and management Nature of goveming document GSD 2000 is governed by a Constitution adopted on the 9th October 1999. as amended on 13th December 1999. GSD 2000 was reglstered with the Charity Commission on 10th January 2000. Recrultment and appointment of trustees The Trustees of GSD 2000 are appointed by a majority of the members present at the ¢hariWs Annual General Meeting. Page 3
GSD 2000 Trustees. Report (continued) Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial Statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi) and applicable law and regulations. The law appllcable to char5ties requires the trustees to prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of resources of the charity for that period. In preparing these finanGial statements, the trustees are required to- select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent; stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of Ihe charity and enable them to ensure that the finanGial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008. and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. The annual report was approved by the trustees of the charity on 221.Q112Q25... and signed on its behalf by: JL.at Susan Dowdell Trustee Page 4
GSD 2000 Independent Examiner's Report to the trustees of GSD 2000 I report to the trustees on my examination of the accounts of GSD 2000 for the year ended 31 March 2024. Responsibilities and basis of report As the Charity trustees of GSD 2000 you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the GSD 2000's accounts carried out under section 145 of the 2011 Act and in ¢arrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examIneS statement I have completed my examination. I confirm that no material matters have Come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of GSD 2000 as required by sectlon 130 of the Act. 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Catherine Williams FCA DChA Westcotts (SW) LLP Independent Examiner 47 Boutport Street Barnstaple Devon EX311SQ Date:.. Page 5
GSD 21)00 Statement of Flnancial Activities for the Year Ended 31 March 2024 Restricted Total funds 2024 Unrestricted funds Total 2023 Note Income and Endowments from: Donations and legacies Other trading activities Investment income 162,176 69,695 162,176 69,695 237,452 73.570 936 Total income 233 956 Expenditure on: Raising funds Charitable activities (45,490> (45,490) (44.148) Total expenditure Net incomel(expenditure) Net movement in funds 146 912 146,912 (10,203) 136,709 224,296 Reconcilbation of funds Total funds brought forward Total funds Carried forward 18 659 au77 512311 595 287 370 991 All of the charitys activitles derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 18. The notes on pages 8 to 17 form an integral part of these financial ststements. Page 6
GSD 2000 (Reglstratlon number: 1078823) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Current assets Stocks Debtors Cash at bank and in hand 13 1.180 1,353 14 15 16 979 1,620 730.658 1,200 36,096 559,423 733,257 596,719 Creditors: Amounts falling due within one year Net current assets 17 730,816 593,934 Net assets Funds of the charity: Restricted income funds Restricted funds 72,773 82.976 Unrestricted income funds Unrestrfcted funds 659 223 512311 Total funds 18 The financial statements on pages 6 to 17 were approved by the tNstees, and authorised for issue on 221.0112025 . and signed on their behalf by: Susan Dowdell Trustee The notes on pages 8 to 17 fomi an integral part of these financial ststements. Page 7
GSD 2000 Notes to the Flnancial Statements for the Year Ended 31 March 2024 1 Accounting policies Statement of compliance The financial statements have been prepared in accordance with the second edition of the Charities statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation GSD 2000 meets the definition of a public benefit entlty under FRS 102. The accounts (financlal statements) have been prepared under the historical cost ¢onvention wilh items recognised at cost or transaction value unless otherwise stated in the relevant notels) to these accounts. The financial statements are prepared in sterfing which is the functional currenGy of the charity. Going concem The trustees consider that there are no material uncertainties about the charitls ability to continue as a going concem. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies t)onations arKI legacies are recognised on a receivable basis en receipt is probable and the amount Can be reliably measured. Investment income Dividends are recognlsed once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the appSicab5e expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralsing funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Page 8
GSD 2000 Notes to the Flnancial Statements for the Year Ended 31 March 2024 (continued) Charltable actlvltles Charitable expenditure comprlses those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that Can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to actlvity cost categories on a basis consistent with the use of resources. for example, allocating property ¢osts by floor areas, or per capita. stsff costs by the time spent and other costs by thelr usage. Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient. it is recognised in income when the grant proceeds are received or re1Vable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the perfomance-related conditions have been met. Where grants received are prior to satisfying the revenue recognitlon criteria, they are recognised as a liability. Taxation The charity is Considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impalrment losses. Depreciation and amortisation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the usefvl economic lrfe of that asset as follows: Asset class Equipment Fixtures and Fittings Motor vehicles Depreciation method and rate 150/0 reducing balance 33.330/0 Stralght line 250/0 reducing balance Stk stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost indudes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Page 9
GSD 2000 Notes to the Financlal Statements for the Year Ended 31 March 2024 (contlnued) Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposlts. and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Financial instruments Classthcation A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideratlon expected to be paid or received and not discounted. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimient at the end of each reporting date. If there is objective evidence of impairment. an impaimient loss is recognised under the appropriate heading in the ststement of financial activities in which the initial gain was recognised. 2 Income from donations and legacies Unrestricted funds General Total 2024 Donatlons and legacies; Donations Donations for dogs rehomed Legacies 11,851 825 149.500 11,851 825 149,500 162 Page 10
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Unrestricted funds General Total 2023 Donations and legacies; Donations Donations for dogs rehomed Legacies 10,864 310 226,278 10,864 310 226,278 3 Income from other trading activities Unrestricted funds General Total 2024 Shop income from sale of donated goods and services Membershlp subscriptions Sale of stcck Memberannual raffle Sundry income 66,636 1.110 66,636 1,110 375 6C 375 6C6 Unrestricted funds General Total 2023 Shop income from sale of donated goods and seNices Membership subscriptions Sale of stc¢k Member annual raffle Sundry inwme 71,168 1,597 129 410 266 71,168 1.597 129 410 4 Investment income Unrestricted funds General Total 2024 Interest receivable on bank deposts Page 11
GSD 2000 Notes to the Flnancial Statements for the Year Ended 31 March 2024 (continued) Unrestricted funds General Total 2023 Interest receivable on bank deFosiis 936 936 936 936 5 Expenditure on raising funds a) Costs of generating donations and legacies Unrestricted funds General Total 2023 Event costs 69J 690 b) Costs of trading activities Unrestricted funds General Total 2024 Shop costs Unrestricted funds General Total 2023 Shop costs Page 12
GSD 2000 Notes to the Financlal Statements for the Year Ended 31 March 2024 (continued) 6 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2024 Note Charitable activities Allocated support costs 38,673 2,881 10,203 48,876 2,881 51 Unrestricted funds General Restricted funds Total 2023 Note Charitable activities Allocated support costs 33,589 2,018 7,907 41,496 2,018 51 7 Analysis of support costs Support costs allocated to charitable activities Total 2024 Total 2023 Sundry costs Independent Examination fees 811 2,070 104 1,914 8 Net incomingloutgoing resources Net incoming resources for the year include: 2024 2023 Depreclation of fixed a&8ets 39 9 Trustees remuneration and expenses From time to time Trustees will make sundry purchases for which they are reimbursed against receipts. No other expenses were paid to Trustees during the year. Page 13
GSD 2000 Notes to the Financlal Statements for the Year Ended 31 March 2024 (contlnued) 10 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Pension costs 29,848 392 27,869 297 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows: 2024 2023 Average number of persons employed No employee received emoluments of more than £60,000 during the year 11 Independent examinerfs remuneTh*lon 2024 2023 Examination of the financial statements Page 14
GSD 2000 Notes to the Flnancial Statements for the Year Ended 31 March 2024 {continued) 12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Furniture and equipment Total Cost At 1 April 2023 At 31 March 2024 15,784 15,784 15,784 15,784 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 14,431 173 14.431 173 Net book value At 31 March 2024 At 31 March 2023 14 Stock 2024 2023 stocks 15 Debtors 2024 2023 Trade debtors Prepayments 1,107 513 35.738 358 16 Cash and cash equivalents 2024 2023 Cash at bank 559 Page 15
GSD 2000 Notes to the Financlal Statements for the Year Ended 31 March 2024 (contlnued) 17 Creditors: amounts falling due within one year 2024 2023 Trade Creditors Other creditors Accruals 245 626 1,914 377 2,064 18 Funds Balance at 31 March 2024 Balance at 1 April 2023 Incoming resources Resources expended Unrestricted funds General General Funds 512,311 233.956 (87.044) 659.223 Restricted funds Charity Assisted Dogs Total funds Balance at 31 March 2023 Balance at 1 April 2022 Incoming resources Resources expended Unrestricted funds General General Funds 280,108 311,958 (79,755) 512,311 Restricted funds Charity Assisted Dogs Total funds The speclfic purposes for which the funds are to be applied are as follows: Charity Assisted Dogs - the legacy income was received towards vet fees for dogs who have been rehcrfned. Page 16
GSD 2000 Notes to the Flnancial Statements for the Year Ended 31 March 2024 (continued) 19 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current 8S8ets Current liabilities 1,180 1.180 733,257 72,773 Total net assets Unrestricted funds General Total funds at 31 March 2023 Restricted funds Tangible fixed assets Cuent assets Current liabilities 1,353 513,743 (2,785) 1,353 596,719 (2,785) 82,976 Total net assets 20 Related party transactions There were no related party transactlons in the year. Page 17