REGISTERED COMPANY NUMBER: 03835294 (England and Wales) REGISTERED CHARITY NUMBER: 1082679 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR ANIMAL CARE IN EGYPT LIMITED Evans Weir The Victoria 25 St Pancrds Chichester West Sussex P019 7LT
ANIMAL CARE IN EGYPT LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Page Report of the Trustees Independent Examiner's Report Stalement of Financial Aelivities Statement of Finan¢ial Position Notes to the Financial Statements Detailed Statement of Financial Aclivities 12 to 13
ANIMAL CARE IN EGYYf LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 21)06, present their report with the financial statements of the charity for the year ended 31 st December 2024. The tnjstees have adopted the provisions of Accounting and Reporting by Charilies.. Stalement 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 l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The principal area of benefit is Southern Egypt and the charitable objectives aTe= l ) To relieve the suffering and distress of animals who are sick and in need of care and protection by reason of sickness or Tnaltreatment in particular but not exclusively by the provision of horse and donkey centres in Egt. 2) To educate members of the public especially children on Tnatters concerning animal welfare whilst working closely with the local authorities. Significant activities The activities of the charity include the provision of extenstve veterinary hospitalisation with in-patient and out-patient facilities for both equine and domestic animals which include5 24 hour emergency treatment for all animals. Significant emphasis is based on education for all those that visit the centre. ACHIEVEMENT AND PERFORMANCE Our year started with volunteers cancelling due to the continued Arabl Israeli problem in the north despite our feelTng very safe here in Luxor. Once again the Egyptian pound was devalued causing soaring price rises. We are ple&sed that the local people are finding our FREE Neutering program more and more attractive. We were able to train 24 Egyptian students in the spring. Later in the year we were very happy to see the return of Tul and EasyJel to Luxor bringing many tourists and ACE supporters who have not been able to afford to come for the last 14 years. Continued thanks to BEVA and Rossdales and the Intrepid Foundation for their sUPPOrt as we are their chosen charity in Egypt. At the beginning of the year we were sad to announce ihe passing of Julie Wartenberg our Co Found¢r her legacy to continue to support our education program is much appreciated. FINANCIAL REVIEW The net movement in funds for the year WLS a decrease of £47.048. covnpared to a decrease of £105,315 for the previous year. The Trustees regularly monltor and review the level of reserves. The Trustees consider a level of reserves equivalent to a minimum of six months unrestricted expenditure (adopted in accordance with Charity Commission guidelines), to be reasonable given the nature and scale of the charity's activities. The Trnstees have reviewed the major risks to which the chartty is exposed and are confident that controls are in place to mitigate those risks. STRUCTURE, GOVERNANCE AND MANAGEMENT Animal Care in Egypt - ACE is a Charity with clear objectives aTJd a high profile within Egt since opening in July 2000. On a day to day basis the ACE Centre & Hospital continues to be managed by Ms Kim Taylor. who was involved in the initial concept and has managed the centre since it opened. The Trustee board has every confideT]ce in Kim. and COT15uIts closely with her in major decisions and directions in which the Charity takes or T]eeds to address. The Trustee's role is to ensure we are working within our financial constraints. Page I
ANIMAL CARE IN EGYPT LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03835294 (England and Wales) Registered Charity number 1082679 Registered offiee l O Stretham Road Wicken Ely Cambridgeshire CB7 5XH Trustees Ms K TayloT General Manager Mrs T M Coffey Treasurer R U Riseley Ms A J Amos Trustee Company Secretary Independent Examiner Evans Weir The Victoria 25 St Pancras Chichester West Sussex P0197LT Approved by order of the board of trustees on 18th August 2025 and signed on its behalf by.. Ms K Taylor- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANIMAL CARE IN EGYPT LIMITED Independent examiner's report to the Irustees of Animal Care In Egypt Limiled ('Ihe Company,) report to the charity trustees on my examination of the accounts of the Company for the year ended 31 st December 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiTements of the Companies Aci 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of Tny examination of your charity's accounts as Carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examTT]ation I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's st2tement I have completed my examination. l confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in Tespect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered &$ part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charlties (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concerns and have come acTOSS 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. JIIoLty Jennifer Hoult Evans Weir The Victoria 25 St Pancras Chichester West Sussex P019 7LT 18th August 2025 Page 3
ANIMAL CARE IN EGYvf LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Unrestri¢ted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 217,873 145,761 Investment income Other income 1,674 75 575 Total 219,622 146,336 EXPENDITURE ON Raising funds 13,380 5,979 Charitable activities Veterinary h05Pital 253.290 245,672 Total 266,670 251,651 NET INCOME/(EXPENDITURE) (47.048) (105,315) RECONCILIATION OF FUNDS Total funds brought forward 462.197 567.512 TOTAL FUNDS CARRIED FORWARD 415.149 462,197 The notes forni part of these financial statements Page 4
ANIMAL CARE IN EGYFY LIMITED STATEMENT OF FINANCIAL POSITION 31ST DECEMBER 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Tangible assets 264.609 271,252 CURRENT ASSETS Debtors Cash at bank 11,218 141.123 10,654 182,091 152.341 192,745 CREDITORS Amounts falling due within one year (1,801) {1,800) NET CURRENT ASSETS 150,540 190,945 TOTAL ASSETS LESS CURRENT LIABILITIES 415,149 462,197 NET ASSETS 415,149 462,197 FUNDS Unrestricted funds 415,149 462,197 TOTAL FUNDS 415,149 462,197 The charitable company is entitled to exemption froln audit under Section 477 of the Companies Act 2006 for the year ended 31 st December 2024. The members have not required the company to obtain an audit of its financial statemeT]ts for the year ended 31 st December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise covnply with the requirements of the Companies Act 2006 relating to financial statements. so far &s applicable to the charitable company. (b) The notes forni part of these financtal statements Pa2e 5 continued...
ANIMAL CARE IN EGYIY LIMITED STATEMENT OF FINANCIAL POSITION- continued 31ST DECEMBER 2024 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Tnle¢S and authorised for issue on 18th August 2025 and were signed on its behalf by: K Taylor- Trustee T M Coffey - Trustee The notes forn) part of these financial statements Pa2e 6
ANIMAL CARE IN EGYPT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing ihe financial statements The financial statements of the charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial ReportiT)g Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statemeDts have been prepared under the historical cost convention. Ineom¢ All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headRngs they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed aets Depreciation is provided at the following annual rdtes Tn order to wrrte off each asset over its estimated useful life. Equipment Buildings 25 % OT] reducing balance 2°/0 straight line A de minimus level of £250 has been set by ihe Charity for the capitslisation of assets. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds Can only be used for particular restrtcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are rnised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Debtors Short terni debtors are me&sured at transaction price. less any impaimlent. Creditors Short terni creditors are measured at the transaction price. Cash and Cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty. Financial instruments The charity only enters into basic financial instruments transactions that result in the reColtIOn of financial assets and liabilTties like trade and other debtors and creditors. Page 7 continued...
ANIMAL CARE IN EGYPT LIMITED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 INVESTMENT INCOME 2024 2023 Deposit account interest ,674 575 NET INCOME/{EXPENDITURE) Net incomel(exp¢nditure) is stated after chargingl(crediting): 2024 2023 Deprecialion - owned assets 7.433 7,592 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 st December 2024 nor for the year ended 31 st December 2023. Trustees, expenses 2024 2023 Trustees, expenses 1,200 2,400 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and legacies 145.761 Investment income 575 Total 146,336 EXPENDITURE ON Raising funds 5,979 Charitable activities Veterinary hospitsl 245,672 Total 251,651 NET INCOMEI(EXPENDITURE) (105.315) RECONCILIATION OF FUNDS Total fijnds brought forward 567,512 TOTAL FUNDS CARRIED FORWARD 462,197 Page 8 continued...
ANIMALCARE IN EGYvf LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 TANGIBLE FIXED ASSETS Improvements to property Plant and machinery Totals COST At I st January 2024 Additions 308,785 44.241 790 353,026 790 At 31 st December 2024 308.785 45.031 353,816 DEPRECIATION At I st January 2024 Charge for year 41,801 6,169 39,973 1,264 81,774 7,433 At 3 1st December 2024 47,970 41,237 89,207 NET BOOK VALUE At 31 st December 2024 260,815 3.794 264,609 At 31 st December 2023 266,984 4,268 271,252 The land in Egt is not owned by Animal Care in Egypt Limited but held in Trust for their use. A nominal rent for the land is charged in the accounts amounting to £533 {2023 - £775) DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 11,218 10,654 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Accrued expenses 1.800 1,800 1.801 ,800 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 Atl.1.24 Unrestricted fund$ General fund 462,197 (47,048) 415,149 TOTAL FUNDS 462,197 (47,048) 415,149 Page 9 continued...
ANIMAL CARE IN EGYPT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS- Continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 219,622 (266,670) (47,048) TOTAL FUNDS 219.622 (266,670) (47,048) Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 567,512 (105,315) 462.197 TOTAL FUNDS 567,512 (105.315) 462,197 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 146.336 (251,651) (105,315) TOTAL FUNDS 146,336 (251.651) (105,315) A current year 12 months and prior year 12 months combtned position is as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestrieted funds General fund 567,512 (152.363) 415,149 TOTAL FUNDS 567,512 (152,363) 415,149 Page 10 continued...
ANIMALCARE IN EGYPT LIMITED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2024 MOVEMENT IN FUNDS- eontinued A current year 12 months aT]d prior year 12 months combined net movement in funds, included in the above are as follows: IncoTning resources Resources expended Movement in funds Unrestricted funds General fund 365,958 (518,321) (152.363) TOTAL FUNDS 365,958 (518,321) (152,36)) io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 st December 2024. Page 11
ANIMAL CARE IN EGYwf LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Gift aid Legacies (i) 129,981 10,654 5,127 163.165 11,218 43,490 217.873 145,761 vestment income Deposit account interest 1,674 575 Other income Other income 75 Total ineoming resources 219.622 146,336 EXPENDITURE Raising donations and legacies Fundraising costs Advertising and publicity 7.000 6,380 5,979 13,380 5,979 Charitable activities Trustees, expenses Veterinary &ssistants Rent Insurance Light, heat and water Telephone Postage and stationery Sundries Medical consumables Medical equipment Animal feed Motor and travel Repairs and maintenance Cleaning Improvements to property Plant and machinery 1.200 38,559 533 2,660 665 171 222 1,517 128,054 365 55,206 4,028 1,396 2.317 6,169 1.264 2,400 45,118 775 ,745 ,488 300 343 649 99,265 598 61,152 5,241 6,477 4,011 6.169 1,423 244,326 237,154 Support costs Management Computer expenses 6,684 5,967 This page does not forni part of the statutory financial statements Page 12
ANIMALCARE IN EGYvf LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Management Finance Bank charges 480 487 Governance costs Accountancy and legal fees 1,800 2,064 Total $ourCeS expeT]ded 266,670 251,651 Net expenditure (47,048) (105,315) This page does not fomi part of the statutory financial statements Page 13