REGisfERED COMPANY NUMBER: 03835294 (Ell￿9nd 2nd Wales) REGIsfERED CFL4RfrYTr4UMBER: 1082679 REP RT ATEMETrrrs Evgn5 W¢ir The Victoria 25 St Pancr&s Chichcst¢r West Sussex P0197LT LI THEF ARENDED3 TA-I-b.M Page Report of the Trustees tndependent Examiner's Report ststement of Flnand#l Actiyhies StAtement of Fln#neial Posititsn 5 to 6 Note5 to the Financial Statements 7 to 11 D&ailed Statemellt of Financial Activities 12 ty 13 iyr LIMtTED R THE YLAR END D31 The trustees who are also directors of the ch8rity for the purposes of the CompaniES Act 2006. present their report Mryth the financial ststements of the dwity for the year 6nd¢d 31st D￿￿nber ?023. The trusEces have adopted the provisions of AccouDtiDg at)d R¢porting by Charities: Statemettt of Reeomtnent and the charitable objectives are.. l) To relieve the suffering and distress of antma]s wtho sick and fft need of eare and protection by r￿0￿ of sicknes5 or maltreaknent in particul8rbutnot exclusively by the provision of horse a)d donkey centres in EgypL 2} To educate members of tbe pub]ic especiaIly childr¢n on matt¢rs ￿ncerning animo] w¢lfaYe ￿thi]St wo￿All8 clos¢ly with thc local ￿￿kOritieS. Significant activlties The activities of th¢ tharity include the prDViSiOll of ext¢nsiv¢ v¢terinary h05Pitaii5atiorJ with iH-paticnt and out-patient fariliti¢5 for both equine and domestic ¥￿IMalS which iDclude$ 24 hour emergency treatment for all animals. Significant emphasis is based on education for au those that visit the centre. ACIIIEVEMENf AND PKIUORLWC We would again lik¢ to thank BEVA Rossdales for their c4)Ntinucd support aJLd again to HElen Coll￿$ Troluntary admin assistance. In the first part of the year we wcre happy tD welcome volunteers back until October the onset of the Israeli aTJd Palestine confli¢t. Many volunteers that had booked io come to ACE ¢¥llcelled. We hope that we will k able to accomznoda(e theTn 3¢ a lat¢rdat The redecoration of the visrtor ¢¢ntr¢ including a new in memorandum area gnd a new stable SFoitsorship area was ¢ompl&ed this year. We ¢ontinu¢ to see animals froTll fjjrther afield makingth¢ joutTey ty ACB ke¢p5ng ourt¢am of 6 v¢ts very busy. We are incredibly gratefvl to 211 our supp)rters and woA( hardto make good use of th¢ir donations. FINANCIAL REVIEW The Net ￿0VeMent in fi￿dS for the year WES a decre&se of £105,315, 9)mpared to a decrease of £120,497 for th¢ previous year. The Trustees regularly monÈtor and review the level of reserves. The Tn]st£es wnsider a level of resejves equivalent to a inimum of SEX months unresthd¢d ¢xp¢nditu]E (adoptyl in a¢¢ordan¢e with Charity Cornmissioll guidElines}, lo b¢ rewndbl¢given th¢ ]￿t￿re and scale oftbe ch¥rity'5 activities. The Tn]stees have reviewed the maior risks to whith the djarity is &xposed and confjdent that colltro15 are in place to mitigate those risks. srRucfuRE, GOVERNANCE AND NL4NAGEME￿r Animal Care in BgJTrt - ACE is a Charity with clear objectives and a high profile within Egypt since opening July 2(K>O. On a day to day basis th6 ACE Centre & Hospita] continues to be n￿Laged by Ms Kim Taylor. who w&8 involved in the ￿ltial concepl and h&8 managed the centre since Et opened. The Thjstee board has every confidence in Kin¥ and consults closely with her in major decisions and directions in which the Charity takts or needs to address. The Trustec'5 role is ts ensure we are working within our financial constraints. Page I R THE YEAR REFERENCE AND ADMINIgTRATIVE DETAtLS Registered Compally number 03835294 (England Ènd Wales) Rewtered Cb#rity nuxnber 1082679 Re￿red offiee 10 Stretham lioad Wi¢ken Ely Cambridgeshire CB7 5XH Trustees Ms K Taylor GenÈrdl Manager Mrs J Wartenberg Founder {dec￿ed I8.11.20￿) MTS T M Coffey Tr￿sllrer RU Riseley Miss T Hodgson (rC4l￿Cd4.l.2O23) Ms A J Amos Twstee (appointed 1.4.2023) Compny Secretary Independent Examiner Evall5 Weir Thc Victoria 25 StPancras Chichester West Sussex P0197LT Approved by order of the IK)8rd of trustett on........................ ..L2Lk . and sigD¢d OD its behaIf by: Ms K Taylor- Trustee Page 2 REP RTT Indepelldellt exarniDeT'S report to the 1rust￿$ ofAnimal CAre In 5￿t lamtted ('the Company report ty th¢ C1￿]ty ttuste¢s on my ex9m]￿on of thc &counts of the Company for the year et￿A 3 1st Decernber 2023. Respowibilities 4nd basi$ of rtptsrt As the Gh￿ity'S trust￿ of the Company (and also its directors for the pu¥p)ses of ￿mpartY law) you are respollsible for Ibe prepaAtion of the accounts in ac¢ordan¢¢ with the requirttnents ofthe CornpaniES Act2006 Cthe 21X)6 Aot). Haying satisfied myself th¢ accoutLts of the Company are not r￿￿1￿1 to be audited under Part 16 of the 2006 Act and are eligible for indep¢ndent examinatio￿ I rewt in rw¢ct of my examinatiort of your ch&yty's accounts as ¢grried oth under Section 145 of the Ch￿tieS Act 2011 {'the 2011 Art.). ID ¢anying out my &¥amination I have ftsll0w￿ the Dire¢tions given by the Charity Commission undcr Scction 145(5) (b) of the 2011 Act. Indepeudellt examÈDer's statemeTht I have completed my ¢xamination. E confinn that no [l￿tte[S have come to my attention in conne£tion with the examination ¥iving me cause to believe". unting records weff not kept in respect ofthe Company a5 requircd by Scction 386 of the 2006 A¢ or the actounts do not ac(x>rd with those record4 or the accounts do not comply with the accounting requirements of Section i96 of the 2006 Act othtr than any r4uiremeM that the a¢¢ounts give a true fair vicw which is not a mattcr conssdcred &5 part of an irtdcpcndent examirtatitsn. or the accounts have not been pr¢p8ffd in a¢cordan¢¢ with the ￿ethodS end prill¢ipl¢s of the S￿¢Z￿¢￿ of liecommended Practi¢e for accounting and reporting by Ch￿ltiES (applirnble th Gh￿ltiES prEpaTing their ac£ounts in accord9￿ce with the Fitwiciai Reporting Stand3rd applithle in th¢ UK and Republi¢ of Irelat)d (FRS 102)). J hav¢ no o)rtceTns and havc wme aGf055 no other matters in connection with the ¢xamination to wbi¢h attention should be drawn in thi5 r¢port in orderto enable a properundetstanding of th¢ accout2ts to be reached. Ack Roger Sw2ffield Evans Weir TheVi¢toria 25 St Panwds Chichester West Sussex P019 7LT Page 3 OF FtNA ED 31ST DE 2023 Unrestricted 2022 Total INCOME AND ENDOw1￿ENfS FROM Donations attd legacAes 145,761 198,857 IDvesttlleJt income 575 140 Totsl 146.336 198,997 EXPENDIT￿ ON Raising fvnds 5,979 5,274 ChAritable gctiviti¢s Vdcrinary hospitsl 245,672 312,21>4 Other 1016 Totsl 251,651 319,494 NET INCOMEI(EXPENDITURE) (105,3151 (120,497) RECONCtLJATION OF FUNDS Total fi￿d$ brought foThvard 567,512 688.009 TOTAL FUNDS CARRtED FORWARD 461197 567,512 The notes fonn part ofthe5e financial statements Pa8¢ 4 ANIM GYFT 31 DE 2023 2022 Totsl funds Untestricted fimd FIKED ASSETS Tangible 271252 278.844 Debtors Cash at bd 10.654 182.091 8.760 281,708 192,745 290,468 CRED￿oRs AmDunts falling due within oneye£r (1,800) (1.800) NET CURRENT ASSETS 190,945 288,668 TOTAL A&8ETS CURRENr LIAB￿riEs 462,197 567.512 NET ASSETS 461197 567.512 FUNDS Unrestticted fullds 461197 567.512 TOTAL FUNDS 462,1￿1 567.512 The thaTi¢dble COTnpany is entitled to exemption from audit wider SeGtion 477 of the Corllpanies Act 2006 for the year ¢nded 31st Deccmber2023. The mcmbeTr have not requir¢d tbe company to obtain an audit of lis financial statthents for the year cndcd 31st De¢£￿ber 2023 in accordancc with S¢¢tion 476 of the Cots]panics AGt 2￿6. Thetrustees acl(nowledge th¢ir r¢sp)nsibiliti¢s for (a) ensuiiD¥ that the Ch￿itable comp2ny keeps a¢countillg mrds that comply with Sections 386 and J87 of the Companies Act 2006 and prep8ring fjnoncial ststements which give a truc and fair view of the stsk of affair5 of the dwitable wmPa￿Y as at the end of eadj financial year and of its surplus or defi¢ii for each financtat ycar in accordance with the requiremcnts of S¢ctions .394 and 395 and which oth¢rwi5e comply with the requirements ofthe Companies A 2006 relating to financia] s¢at¢menty so far &8 appjichble to th¢ ¢haTitsbl¢ wmpany. (b) The notes f(>Trn partofthes¢ financial stst¢m¢nts P¥e5 continued... AT ,po CEMBER 2023 - continu Th¢s¢ fill￿la1 statcmcnts have been prepared in a¢cothGc with the provisions applicable to c￿￿]￿ble companies subject to the Small wmpanies regitne. finan¢ia] statements were approved by the B0￿d of TnLStees and authorised for i5SU¢ . end werc signed on its behaEf by: on K Taylor- TNst¢¢ T M Coff¢y- TNstse Thellotes forni part of these finalleiat statements Pag¢ 6 LIf*ifiE LgfA THE TrTAR EM)ED 31￿ DF. ENnlbli 2023 AccouTrrrtNG POLICIES Basis of preparin¥ the flnaneial statements The fJnan¢ial statements of the Ch￿ltsb]e company. which is a publi¢ ben¢fit ¢ntity under FRS I￿￿. 1￿C been prep8rtd in accordance with the Chartti¢s SORP (FRS 102) 'Accounting and Reporting by Charitits.. Statement of Recommended Pr2ctice applicable to charities preporing their accounts in &cordance with the Fin8nGiai Reporting Stsndard applicable ID tbe UK and Republit of I￿larnd (FRS 102) (effectiv¢ l January 2019),, Financial R¢porting Standard 102 The Financia] Reporting Standard applicable in the UK and Rcpublsc of Ireland, #nd the Cornpani¢s Act 2006. The fanancial ststejnents have been prep9ThJ uimler the historical cost Conve￿10n. Income All income is wgnised in the Stat¢m¢nt of Fittancia] Activititt once the charity has entitEen)ent to the fimd4 it ts probable thc income will be ￿e7Ved and the amount can b¢ measured reliably. Expeuditure Liabiliti¢s ar¢ rt¢ognised as ewditure as soon as there is a le￿j or constructiv¢ obligation committitjg the dwity to that exp¢nditure, li is probable that a transfer of economi¢ b¢nefits will be required in settlement and the amount of th¢ vbligalion be measured reliably. Exp¢nditur¢ is accounted for on accrnals basis and h been classified under headillgs that aggre¥4L¢ a]1 G05t related to the category. Where costs ¢awiot b¢ dire¢tly ttributed lo particular headitigs they have been allcKat¢d to activities on a basis wnsistellt with the usc of Tangible fixed assets Depre¢iaiion 15 provided at the following annual rates in order to wite off ¢ath u5et over tts estimated useful life. Equipment Buildin. 25°h on redu¢ing balanc¢ 2Yo Strai81rt lin¢ A de minimu5 lev¢1 of £250 has been set bytbe Charity fortb¢ capitaiisation ofassets. Taxation The ¢harity is exempt frDm co￿oration tax on its charitable activities. Fund aecollDtiD% Unrestricted funds ¢an be used in ac¢tsrdanc¢ with the cknitable obje¢tives atthe di5cretitsn ofthet[￿sttes. Restricted fjjnds can onty be tL8ed for particul8r restiicted pujposes withiti the objects of the ch>￿ty. Restrictions arise when sp¢¢ified by the donoror when flln&% are J2iqed forparticularrestricted pU￿0$e$. Further explanation of the natt￿£ pU￿oSe of each fi￿d is incl[￿ inthe Jjotes to the financial statements. Debtors tenn de￿OrS ar¢ rne&8ured at tra￿lactiOn lttss any impaiTTh¢nL Short term CTeditors ar¢ me&sw¢d at thr tfdnsaction price. Cash and cash equivaknts h is repr¢s¢nt¢d by cash in hand and deposits with financia] institutions repayable wtthoutpenahy. Financial instrnments The Charity on]y ¢nfers itiio basic fllwicial instruments transactions that result in tbc recogThitÈon of financial assets a￿d liabiliti¢5 like trade alld other debtors aJ)d cr¢ditors. continue&.. ARE EFIN TIIE YEAR I)ED31 T DEC.EMIIFR 2023 VESTMENf TrlCOL 2023 2022 Deposit account Inte￿5t 575 E40 NET INCOME/(EXPENDITURE) Nct incorn&(expendititre) is st&¢d after ¢lwwgllcredtsng): 2023 2022 D¢pre¢iation- 7,592 7,924 TRUSTEES, REMifNERATION AND BEF4EFITS There were no tn￿tees, remutt¢rdtion or other benefits for the yeAr ended 31st D¢c¢mber 2023 nor for thE year ended 31st Decerllb¢r2022. Trustees, expens 2023 2022 Tntstres, exp¢ns¢s 2,400 10,300 COMPAtL4TIVES FOR THE STATE￿[ENT OF FINANClALAcfi￿Tl1Es fund INCOME AND ENJ)OWMEKfs FROM DoTJations and legacies 198,857 vesknertt incA)me 140 Totsl 198,997 EXPEND￿uRE or4 Raising fi￿d5 5274 Charitable activities Veterinary hospital 31¥904 Other 2,016 Totsl 319.494 NET INCOh(El(EXPED4DITURE) (120,497) RECONCILIATION OF FUF4DS Total fijnds bmght forward 688.009 Page 8 ¢ontinued... STOTH FOR TH Al. ARE￿ED 3] TAT nti DEC.FfwTBF.R 2 COMPARATTrTS FOR THE sfATEMEprr OF FD4ANCtAL AcrivrrIES- continued fund TOTAL VUPIDS CARRIED FORWARI) 567512 TANGIBLE FIXED ASSETS tmprov¢m¢nts Pl#fftt and propety Totsls At 1st J3￿uary 2023 at 31st Dettmb¢r2023 308.785 44241 353,026 DEPRECIATION At 1st J)￿Uary 2023 Char8e fory¢4r 35,632 6.169 38,550 1,423 74,182 7.592 At 31st December2023 41,801 39,973 81,774 NZT BOOKVALUE At 31stDe¢ember 2023 266,984 4,268 271.252 At 31stDecembcr 2022 273,153 5.691 278,844 The land in Egypt is not owned by Animal Care in Egypt Limsted btrt held in Tnjst for their use. A norninaI rent forthe land is charged in the accounts amounting to £775 (2022- £1360) DEBfoRS: AMOUNTS FALL1Tr4G Di￿ IITfiJiN ONE YEAR 2023 2022 Oth¢r debtors 10,654 8,760 Page 9 ¢ontinued... EFIN HE YEAR ntin T DECEMBFR 2 23 CREDITORS: AMOUNfs FAILING DUE M￿H1N ONE YEAR 2023 2022 1,800 1,800 MOVEIVIENf IN FUNDS Net movemertt in At 31.12.23 At 1.1.23 Unrestiicted funds GeneTrJ fillyi 567,512 {105J15) 462,197 TOTAL FUNDS 567,512 (105.315) 462,197 Net ￿0VeMent sn fi]uds, included in the above are as follows.. Incoming Resources Movement expend in fimds Unrestii¢t¢d fullds Genernl fvnd 146J36 [￿1.651) (105J15) TOTAL FifNDS 146.336 {25l.651) (105,315) Comparntiv¢s for mov¢￿ent in funds Net movetn¢ in fi]nds Ai 31.1122 At 1.1.22 Unrestrid¢d fuDds Gencral fillLd 688,009 (120,497) 567,512 TOTAL FUNDS 688,009 (120,497) 567.512 Comparativ¢ nctTnovement in fLEDd8 included in th¢ above are as follows.. Incoming Moveme in fund8 &xpended Ullrestricted fullds 198,997 (319,494) (120.497) TOTAL FUNDS 198,997 (319.494) (120,497) Page 10 continu¢d... AR NDED DECEMB 2023 MOVEMEP4T IN FUNDS. contlnued A current ycar 12 month5 alld priory¢ar 12 months combined posAtion is &8 follows: Net movem¢nt in fimds At 31.12. At 1.1.22 Unrestricted funds Gcncral fimd 688,009 (225,812> 462.197 688,009 (225.812) 462.197 A current year 12 rllonths and prior Y￿ 12 months cornbined net movement fisnd5. included in the aF￿v¢ a s follows- tneoming resources R¢sour¢es expended Movernent in fiEnds Unrestricted funth General fund 345,333 (571,145) (225,812) TOTAL FifNDS 345.333 (571,145) (225,812) io. RELATED PARTY DISCLOSiJRkS There were related paty tr2nsactioiJs f0rtlLey￿ended 315¢ D¢¢¢mb¢r 2023. Page 11 Gywr ATE .1 Al.A DECEMB FOR THE NDED31 2023 2023 2022 DoNation5 and legxcies Gifi5 Donations Lew&¢s 140,6JS 5,127 176,912 21,944 145,761 198.857 tnvestment income D¢po$it account interest 575 140 Totsl Ineoming resources 146,336 l98,997 EXPETrIDrruRX Raising donAtiDLS legac5es Advthsing and publicity 5,979 5.274 Charitable a¢tiviti&s Trustees, expense5 Veterinary ￿SistAt1ts Rent l]L8urance Light, hcat ajd water Telephone Postage and ststionery Sunthies Medica] consumables Medical equipmetji Animal feed Motor and trdvel Repair$ and mainteTaanGe Cle2lling IMprov￿￿ents to property Plant 2nd machinery 2,400 45.118 775 1,745 1,488 300 343 649 99265 598 61,152 5,241 6.477 4,011 6.169 1,423 10.3( 69,762 1.360 3,701 1.436 466 544 739 3,443 57,193 6,090 5,380 1,801 6.169 1,755 2i7.154 306,086 Support Costs Managem¢ut Computer exFnse5 5,967 5,485 Flnallte Bank charges 633 Governance costs Acwuntancy and lega] ftes 2,064 1016 This page does not fonn patt of the ststutory financiaE statsments PagB 12 TE R EfiD 31sr DECEI￿1￿1F.R 2023 2023 2022 Tots] resources expended 251,651 319.494 Net expendithre (105JlS) (120.497) This page does not fomi partofthe statsrtory fth2n¢ial statements Page 13