Charity registration number: 1078823 GSD 2000 Annual Report and Flnan¢iaS Statements for the Year Ended 31 March 2025 WESTCOTTS CHIIRTeREf ACCOUNTANTS & 8USINÉSS APVISEItJ
GSD 2000 Contents {contlnued) Reference and Administrative Detsils Twstees. Repcrt 2to4 Independent Examinerfs Report Statement of Flnancial Activities Balance Sheet Notes to the Flnancial Statements 8t017
GSD 2000 Reference and Admlnistrative Detsils TTUStees Brenda Travers Laurence Mogg Susan Dowdell Valerie Clare Amanda Gane Graeme Bates June Tandy Clive Kibble. (Appointed 25 September 2025) 1078823 Charity Registration Number Prfncipal Office 11MaesyDre Glynneath Neath SA115HH Catherine Williams FCA DChA Westcotts (SW) LLP 47 Boutport Street Bamstaple 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 2025. Objectives and activities The objectives of the Charfty are to relieve the suffering and distress of unwanted, abandoned or badly- treated German Shepherd Dogs by rescuing and re-homing such dog5. GSD 2000 does not have its own premises but uses licensed, registered kenne15 for its rescue dogs. If an owner's circumstances change, previously re-homed dogs are accepted back into charity care at any time of their lives, which ensures life5ong 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 proper home instead of in a boardlng kennel. The Charity funds some of their veterinary care - and sometlmes their food if 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 have Stray Contracts with local uncl Is. We do not import resi=ue dogs from abroad and have no plans to do so. The Charity has around 750 members, many of whom have been involved for over twenty-five years. Several of these people are Life Members. Public benefrt The Trustees keep in mlnd the Charity Commission guidance on public benefit, and often work with Social Services. dog wardens and other charities. Whenever possible, we help people who have to give up their pets due to housing problems (landlords not accepting animals), relationship break-ups where a partner is leftwith a dog they Gan'tcope with, ordogs needing a new home when their owner becomes seriously111 or dies. Achievements and performance We are very grateful to Members and Supporters who have continued to send in donations throughout the year. The GSD 2000 shop at Holsworthy provides a steady income which helps towards kennelllng costs. It's also a popular plaGe in the town for bargain hunters or people just wanting lo browse and have a chat with the friendly staff and volunteers. Owners are feeling the effects of cost increases generally and especially in veterinary costs. Some dogs come into rescue needing long-overdue treatment which adds to our vet bills and also means that the dog has to stay longer in kennels before it's healthy enough to be able to go to a new home. Although large dogs like our German Shepherds cost more to keep, there are still enthusiasts out there who Wdnt them. Luckily we've taken in some lovely dogs during this year and they've been matched to ideal owners. Financial review Expenditure for 202412025 was £123.763 an increase of £26,516 on 202312024's expenditure which was £97,247. Most of this increase was veterinary costs plus extra cost to the shop for the National Living Wage hourly rate rise. Income from all sourGes: subscriptlons. shop, money-raising activities and donations for the 202412025 period was £116,809. This shows a de¢rease of£117,147 against the previous year (which included a £150,000 legacy} where income was £233,956. Total expenditure has increased and totsl income during the year has decreased. Page 2
GSD 2000 Trustees. Report (contlnued) Reserves At the year end, total reserves stood at £725,042 which includes restricted funds of £69,549. The total reserves figure for 202312024 was £731,996. A large unrestricted fund is purposely maintained as the Charity's 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 retumed with serious but treatsble medical conditions. The Trustees acknowledge the underlying concem regarding being properly prepared for the unexpected and having the ability to access cash immediately. Having the reserves gives the Charity a safety net during uncertain times. We are still several hundred thousand pounds away from being able to purchase our own kennel property and staff it with suitably qualified people. Cash balances The total bank and cash held in all accounts at the end of March 2025 was £731,449 compared to the total cash and bank balance of £730.658 at the end of March 2024. Plans for future periods The Charity will continue to raise funds to rescue and re-home Gemian Shepherd Dogs as required for the lifetime of every dog that passes through the Charity. Structure, governance and management Nature of governing document GSD 2000 is governed by a Constitution adopted on the 9th October 1999, as amended on 13th December 1999. GSD 2000 was registered with the Charity Commission on 10th January 2000. Recruitment and appointment of trustees The Trustees of GSD 2000 are appointed by a majority of the members present at the charity's 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 Practice) and applicable law and regulations. The law applicable to charities 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 resources and application of resources of the charity for that perlod. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consisterrtly., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., state 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 wll continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the financial statements Comp 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 traud and other irregularities. The twstees are responsiblefor the maintenance and Integrity of the corporate and financial infomation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on ... by.. and signed on its behalf 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 2025. Responsibilities and basis of report As the charity trustees of GSD 2000 you are responsible for the preparation of the accounts in a¢cordance with the requirements of the Charities Pict 2011 ('the Act.). I report in respect of my examlnation of the GSD 2000's accounts carried out under section 145 of the 2011 Act and in Carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's s&ement 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,. or 2. the a¢¢ounts do not ac¢ord 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 vlew, which is not a matter considered as part of an independent examination. I have no concerns 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 understsnding of the accounts to be reached. Catherine Williams FCA DChA Westcotts (SW) LLP Independent Examiner 47 Boutport Street Barnstaple Devon EX311SQ Page 5
GSD 2000 Statement of Flnanclal Actlvities for the Year Ended 31 March 2025 Unrestricted Restricted Total funds funds 2025 Total 2024 Note Income and Endowments from: Donations and legacies Other trading activities Investment income 26,854 83,990 26,854 83,990 162,176 69,695 Totsl income 116809 233 956 Expenditure on: Raising funds Charitable activities (54,434) (54,434) (45,490) Total expenditure Net lexpenditure)fincome Net movement in funds 123 763 136709 (3,730) (3,224) (6.954) 136,709 Reconciliation of funds Total funds brought forward 655 Totalfundscarrledfoard 18 aL42 731 96 595.287 31 All of the charty's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 18. The notes on pages 8 to 17 form an integral part of these financial statements. Page 6
GSD 2(KIO (Registration number: 1078823) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 13 1,003 1,180 Current assets stocks Debtors Cash at bank and in hand 14 15 16 375 1,092 731,449 979 1,620 730,658 733.257 732,916 Creditors: Amounts falling due within one year Net current assets 17 724,039 730,816 Net assets Funds of the charity: Restricted income funds Restricted funds 69,549 72.773 Unrestricted income funds Unrestricted funds 655 493 Total funds 18 The financial ststements on pages 6 to 17 were approved by the trustees, and authorised for issue on .27110112026.. and signed on their behalf by: 5 liJ)th¢ Susan Dowdell Trustee The notes on pages 8 to 17 form an integral part of these financial statements. Page 7
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2025 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 Financi81 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 definf(ion of a public benefit entlty under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless OtherSe stated in the relevant notels) to these accounts. The financial statements are prepared in sterfing which is the functional currency of the Charity. Going concern The trustees consider that there are no material uncertainties about the charity's ability to Continue as a going con¢em. Income and endowments Voluntary income includlng donations. gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be recelved and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Investment income Dividends are recognised 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 applicable 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 con51Stent 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 stsff costs. Raising 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 Financial Statements for the Year Ended 31 March 2025 (continued) Charltable adivities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and seNices 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 activity cost categories on a basis consistent wtth Ihe use of resources, for example, allocating property costs by floor areas, or per capita. staff costs by the time spent and other costs by their usage. Govemment 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 specthed future performance-related Conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a Ilability. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Ad 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exemptfrom taxation in respect of income or capital gain5 received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable GainsAct 1992, to the extent that such income or gains are applied exclusively to charitsble purposes. Tangible fixed assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation and amortisation Depreciation is calGulated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Asset class Equipment Fixtures and Fittings Motor vehicles Depreciation method and rate 150/0 reducing balance 33.330/0 straight line 25% reducing balan stock Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes 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 Financial Statements for the Year Ended 31 March 2025 (continued) Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. 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 Classification A financial asset or a financial liability 15 recognised only when the entity becomes a party to the contractual provisions of the instrument. Basi¢ 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 consideration expected to be paid or received and not discounted. Financial asset5 that are measured at cost or amortised cost are reviewed for objective evidence of impairment atthe end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial aclivities in which the initial gain was recognised. 2 Income from donations and legacies Unrestricted funds General Total 2025 Donations and legacies. Donations Donations for dogs rehomed Legacies 12,906 2,400 11,548 26 12.906 2,400 11,548 Page 10
GSD 2000 Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) Unrestricted funds General Total 2024 Donations and legacies., Donations Donations for dogs rehomed Legacies 11,851 825 149,500 11,851 825 149,500 3 Income from other trading activities Unrestricted funds General Total 2025 Shop income from sale of donated goods and services Membership subscriptions Sale of stock Memberannual raffle Sundry income 80,418 1,340 1,123 360 749 80,418 1,340 1,123 360 749 83 990 Unrestricted funds General Total 2024 Shop income from sale of donated goods and services Membership subscriptions Sale of stock Memberannual raffle Sundry income 66,636 1,110 968 375 606 66,636 1,110 968 375 606 4 Investment income Unrestricted funds General Total 2025 Interest receivable on bank deposits Unrestricted funds General Total 2024 Interest receivable on bank deposits 085 Page11
GSD 2000 Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) S Expenditure on raising funds a) Costs of trading activities Unrestricted funds General Total 2025 Shop costs Unrestricted funds General Totsl 2024 Shop costs 15 30 6 Expenditure on charitable activities Unrestricted funds General Restricted funds Total 2025 Note Charitable activities Allocated support costs 62,887 3,224 66,111 Unrestricted funds General Restricted funds Total 2024 Note Charitable activities Allocated support costs 38,673 2,881 10,203 48,876 2,881 Page 12
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 7 Analysis of support costs Support costs allocated to charitable activities Total 2025 Total 2024 Sundry costs Independent Examination fees 1,099 2,119 811 2,070 88 8 Net incomingloutgoing resources Net (outgoingyincoming resources forthe year include: 2025 2024 Depreciation of fixed assets 177 73 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. 10 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs during the year were: Wages and salaries Pension costs 35,770 612 29.848 392 36 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows: 2025 Page 13
GSD 209924 No Average number of persons employed Notes to the Financlal Statements for the Year Ended 31 March 2025 (contlnued) Page 14
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) No employee received emoluments of more than £60,000 during the year 11 Independent examiner's remuneration 2025 2024 Examination of the financial statements 119 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 2024 At 31 March 2025 15,784 15,784 15,784 15,784 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 14,604 177 14,604 177 Net book value At 31 March 2025 At 31 March 2024 Page 15
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 14 Stock 2025 2024 75 79 Stocks 15 Debtors 2025 2024 Trade debtors Prepayments 1,107 513 447 092 1620 16 Cash and cash equivalents 2025 2024 Cash at bank 658 17 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other Creditors Accruals 6,056 654 377 8877 18 Funds Balance at 31 March 2025 Balance at 1 April 2024 Incoming resources Resources expended Unrestricted funds General General Funds 659,223 116,809 (120,539) 655,493 Restricted funds Charity Assisted Dogs Total funds Page 16
GSD 2000 Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued) Balance at 31 March 2024 Balance at 1 April 2023 Incoming resources Resources expended Unrestricted funds General General Funds 512,311 233.956 187.044) 659,223 Restricted funds Charity Assisted Dogs Total funds The specrfic 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 rehomed. 19 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 1.003 663,367 1,003 732,916 69,549 Total net assets UnrestriGted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 1,180 660,484 (2,441) 1,180 733,257 (2,441) 72,773 Total net assets Page 17
GSD 2000 Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 20 Related party transactions There were no related party transactions In the year. Page 18