OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Labrador Rescue Trust

2024-09-30-accounts

REGISTERED COMPANY NUMBER: 04145991 (England and Wales) REGISTERED CHARITY NUMBER: 1088198

Report of the Trustees

and Unaudited Financial

Statements

for the Year Ended 30 September

2024 for

The Labrador Rescue Trust

The Labrador Rescue Trust

Contents of the Financial Statements for the Year Ended 30 September 2024

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 22

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024

The Trustees are pleased to present their report together with the unaudited financial statements of the charity for the year ended 30 September 2024. The trustees' report also represents the directors' report required by Section 415 of the Companies Act 2006.

The reference and administrative information set out on page 7 forms part of this report.

OBJECTIVES AND ACTIVITIES

The objects of the Trust remain:

"To alleviate suffering and distress caused to dogs and in particular the breed known as Labradors which may be ill-treated, abandoned, rejected or neglected."

KEY ISSUES

  1. New policies and procedures were required in the light of new legislation and an increase in behavioral problems arising in a greater proportion of dogs. These gave rise to some operational risks and the need for procedures to address and ameliorate those risks to thereby create a more sustainable operational infrastructure.

  2. The operations of the trust of the Trust were organized as five (effectively) autonomous geographical areas which were insufficiently coordinated, and operational synergies and consistencies were not being optimized.

  3. A regional coordinator was appointed to merge and manage the operations of the trust. This highlighted the need for two such positions in order to deliver effective management of the operations and the strategic changes required to address the risks faced.

  4. The policies and strategy determined by the Trustees needed to be delivered in a timely and effective manner.

  5. The Trust has seen an increasing number of enquiries from owners seeking to give up dogs for rehoming because of behavioral issues. Options in these circumstances are:

  6. a. the behavioral issues have to be addressed whilst the dog is in Kennels or with an experienced fosterer, before it can be re-homed;

  7. b. The dog can be re-homed immediately with the new home receiving additional support to address the behavioral issues;

  8. c. The dog may be able to remain in its original home with support for the current owner from the Trust.

HOW HAS THE TRUST RESPONDED?

The part time Regional Co-ordinator retired at the end of December 2023. A decision was made to appoint a full time Operations Manager. An appointment was made in May 2024. It quickly became apparent that the role required two people to ensure that someone was always available to deal with emergency situations. The role is now filled by two Operations Managers working closely together.

Page 1

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

The Operations Managers have prepared a two-year plan to address the issues that have been identified above:

  1. The volunteer database has been established so that it is clear who still wishes to volunteer for the Trust and in what capacity. The new database is reviewed and updated monthly.

  2. New volunteers are being recruited and induction and briefing meetings for the volunteers in each area have been organised to explain the Trust’s plans and policies.

  3. A new Operational Guidance Manual has been written and all the forms used by the Trust in rehoming are under review.

  4. The Operations Managers are also acting as the Area Co-ordinators for Cornwall, Devon, Dorset and Hampshire in the day-to-day running of the Trust.

The trustees believe that the above measures will mitigate legal risks identified in the trusts operations and that the activities of the Charity are now more closely and consistently managed in the interests of the Trust’s charitable objects. The Board has recruited a Trustee who will also take on the role of Treasurer and has identified a further Trustee who will join the Board Q1 next year.

The Trustees have re-considered the priorities of the Trust as originally expressed in the Three Pillars outlined in the Trustees’ Report for the year ending 30th September 2021. In summary, the Three Strategic Pillars were and remain:

  1. The rescue and re-homing of labradors

  2. The provision of information and advice upon dog ownership, training, nutrition and general welfare

  3. The discouragement of the disposal of unwanted dogs through websites such as GumTree and Pre-loved.

These strategic priorities remain relevant.

However, it is recognized that the Trust needs to evolve from its previous focus as a large-scale rehoming organization and into a traditional rescue organization with a strong focus on dogs with medical and behavioral complicated needs and therefore, pillars 1 and 2 will be prioritized.

The development of a modern, scalable website which is more appropriate to the Provision of information and advice will be developed, but not immediately as the operations re-focus remains the first priority.

Activity under Pillar 3 will be paused and reconsidered. However, the main focus of the Trust remains the rescue and re-homing of dogs.

In order to address the needs of dogs with Uninsurable long-term health issues, the trust operates a scheme known as Supported Assisted Dogs (‘SAD Dogs’). It facilitates the payment of veterinary costs and providing advice to people who have rehomed dogs with long-term health issues.

Page 2

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

In order to address the needs of dogs with behavioral problems, the trust has established the supported training and rehabilitation (‘STAR’) Scheme. A STAR dog is referred to an approved behaviorist for assessment and appropriate training, working with its fosterer, adopter or original owner. The trust provides financial support for the training of all its STAR dogs.

A new adoption agreement has been drafted by the trust's lawyers to use in place of the current bailment agreement which brings the trust in line with other rescue organisations. As new dogs come into rescue, the adoption agreement will be used with an additional schedule to cover the SAD scheme and as yet un-neutered dogs.

The Trustees continue to review the strategic direction and objectives of the Trust. In particular the Trustees keep under review the fifteen questions for trustees prescribed by the Charities Commission.

EXPENDITURE TRENDS AND DOGS REHOMED

The Trust re-homed 108 dogs in the twelve months to 30th September 2024. 41 dogs were accepted onto the SAD scheme and 37 dogs were accepted onto the STAR scheme. 9 dogs were returned to the Trust. In the four months from October 2024 to January 2025, 37 dogs have been re-homed, of which 10 have been accepted as SAD dogs and 21 dogs have been accepted onto the STAR scheme. 2 dogs have been returned to the Trust.

Veterinary expenditure continues to be the most significant cost. The Trust continues to monitor this trend closely and to do everything possible to control these costs without compromising the welfare of the dogs. In order to enhance our ability to negotiate and control this expenditure, the Trust has formalized the role of Dog Welfare Officer to a stipendiary role, with specific responsibility for the negotiation of veterinary costs and the agreement of financial agreements with selected Veterinary Practices. The conversion of this role to a paid position reflects the increased time commitment involved and the requirement for increased time spent in the selection of and negotiation with veterinary practices.

The Trustees have designated a specific legacy in the amount of £110,000 to create a fund from which to pay for the training of dogs on the STAR scheme.

The Trustees are confident that there are sufficient reserves and continuing donations, legacies, covenants and subscriptions to ensure the financial security of the Trust and its ability to meet the predicted increase in dogs coming into rescue. The Trustees are aware that the current level of reserves exceeds the amount considered appropriate in the reserves policy but believe that this level of reserves is needed to ensure the proper implementation of a development programme and to re-establish the operational structure of the charity.

PUBLIC BENEFIT

The Trustees confirm that they have complied with the guidance contained in the Charity Commission's general guidance on public benefit. When reviewing the Trust's aims and objectives and in planning future activities. The Trust’s activities clearly benefit the public by rehoming Labradors, improving their health and wellbeing, providing advice to dog owners, and supporting long-term care for dogs with complex medical or behavioural needs. These services are accessible regardless of the adopter’s income, aligning with the public benefit requirement. when reviewing the Trust's aims and objectives and in planning future activities.

Page 3

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

FINANCIAL REVIEW

Financial review

Income for the year was £503,223 (2023: £341,625). The increase in the income was largely due to an increase in legacies to £382,476 (2023: £235,704).

Expenditure was £296,033 (2023: £201,460). The increase was largely due to an increase in administration and governance costs from £15,998 in 2023 to £77,551 in 2024, this being due to the appointment of a full-time self-employed Operations Manager as well as formalization of additional self-employed staff. The net surplus for the year was £245,869 (2023: £148,164).

The majority of the Trust's expenditure continues to relate to recurring veterinary fees for SAD (Supported Adopted Dogs)

Investment policy and objectives

Investments are held in a managed fund through Church House Investment Management. The portfolio is medium risk. The strong market in the year ending 30th September 2024 resulted in a gain (including the WG portfolio) of £38,679 which is up on £7,999 in 2023.

The investments held within WG Financial Services were cashed in in September 2024, the trust is assessing options on how to further invest the funds that were cashed in. Given the current global uncertainty in investment markets the Trustees have concluded that a low-risk investment strategy should be adopted for the foreseeable future in relation to its financial reserves, the majority of which are held in cash at the time of writing.

Reserves policy

The charity relies on voluntary donations and legacies that can fluctuate from year to year. The Trustees consider that it is important to hold reserves to ensure that operations can continue in the event of short-term falls in income.

The reserves or free reserves of the charity represent the funds that are freely available to be spent on the charity's objects. They do not include restricted funds or funds that can only be realised by the sale of tangible fixed assets used for charity use.

The number of dogs that are in foster is monitored on a weekly basis. Such dogs may develop longterm illnesses and there may be a requirement for expensive veterinary treatment. It is considered prudent to hold sufficient additional reserves to fund 6 months operation in the absence of any income. This equates to approximately £60,000 required for total free reserves. As of the year-end, free reserves totalled £1,163,812 (Note 14), significantly exceeding the target. The Trustees have assessed this surplus and concluded that it is appropriate in the context of planned strategic development, operational restructuring, and increasing complexity and cost of dog rehabilitation. The level of reserves will be reviewed annually to ensure alignment with long-term financial planning.. Due to legacies received free reserves are now £916,195 (2023: £767,362). Free reserves are calculated by deducting fixed assets from the unrestricted (and undesignated) reserves held at the year-end.

The profile of dogs currently coming into rescue is such that they may require higher expenditure in respect of veterinary and behavioural costs and the level of reserves that are held in the coming years may need to be increased but there is nevertheless scope for the planned expansion of the activities of the Trust

Page 4

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Structure

The Trust is a company limited by guarantee registered at Companies House with company number 04145991 and registered with the Charity Commission with registered number 1088918. The governing document of the Trust is its articles of association, which were adopted on incorporation on 23rd January 2001. Updated 4[th] May 2024.

The Trust has a wholly owned, dormant trading subsidiary, Labrador Rescue (Trading) Limited.

The memorandum and articles provide for a minimum of 3 and no maximum number of trustees. The Trustees are also members of the company and their liability is limited to the extent of £10 each.

The region in which the Trust operates comprises Cornwall (Area B), Devon (Area C) Somerset and Chepstow (Area A) Dorset and East-Hampshire (Area D) and Gloucestershire, Wiltshire, Oxfordshire and parts of Berkshire (Area E). Areas B - D are managed directly by the Operations Managers and Areas A and E by Area Co-ordinators.

The Trust is indebted to its unpaid volunteers without which it could not function as it does, these volunteers deal directly with the Operations Managers where there is no Area Co-ordinator. There are currently approximately 110 volunteers who are primarily involved with the collection and re-homing of dogs. The updated database of Volunteers helping with the operation of the Trust and introduction of Volunteer Roles will help the Trust to focus internal and external training and ensure we are training the right people for the right role.

Governance

The Articles of Association require the Trustees to meet at least three times a year.

The Trustees have overall responsibility for the Trust and in particular

Formal Terms of Reference and a Code of Conduct for board members and honorary officers have been adopted. There is a Code of Conduct for members of the Management Committee. A complaints procedure is in place.

Policy is decided by the trustees in light of recommendations by the operations committee. The Trustees appoint the chair and treasurer. The Trustees meet either virtually or in person at least three times a year and invite the Operations Support team to present a report at each meeting.

Page 5

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

The Trustees review the skills of the Trustees from time to time. Trustees are seeking to strengthen the board, with a particular focus on behaviour management and /or veterinary experience.

Management

New trustees are appointed by the existing Board and are interviewed by a minimum of two trustees prior to being nominated for appointment. New trustees are briefed on their legal obligations under charity and company law and provided with a copy of the memorandum and articles of association.

Key Management Remuneration

The Labrador Rescue Trust 2 Operations Managers. The Trust also engages on an ad hoc basis 3 people to cover the areas of Finance Support, Microchips and Dog Welfare.

Risk management

The Trustees continue to monitor the major strategic and operational risks to which the charity is exposed.

Risks have been identified in respect of ensuring the consistent and smooth running of the operational activities where we are reliant on a small number of dedicated volunteers. The appointment of the Operations Managers has mitigated these risks to ensure that the welfare of dogs is not compromised.

The Trustees do not consider that the Trust is currently facing any significant financial risks. The reserves policy states that reserves amounting to 6 months’ expenditure should be set aside and in any event should reserves fall below £100k the Operations Committee must immediately provide a programme of cost reduction which is acceptable to the Board in the light of the shortfall.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04145991 (England and Wales)

Registered Charity number

1088198

Registered office 31 Oxford Road Bournemouth Dorset BH8 8EX

Trustees

Mrs. F D Hixon (Chair) Mr. K Webster (Vice-Chair) Ms. J Richardson (resigned 30[th] September 2024) Ms. I R Bristol (appointed 23[rd] September 2024) Mr. G Trobridge (resigned 1[st] May 2024) Mrs. H McNeill (appointment post year-end: 29th January 2025)

Page 6

The Labrador Rescue Trust

Report of the Trustees for the Year Ended 30 September 2024 continued

Independent Examiner

Steven Bicknell FCMA CGMA Bicknell Business Advisers Limited 40 Broadway Lane Bournemouth Dorset BH8 0AA

Page 7

The Labrador Rescue Trust

Independent examiner's report to the trustees of The Labrador Rescue Trust ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 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 requirements of the Companies Act 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 my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records; or

  3. 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 as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (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 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.

Steven Bicknell FCMA CGMA Bicknell Business Advisers Limited 40 Broadway Lane Bournemouth Dorset BH8 0AA

Date: 18[th] July 2025

Page 8

Statement of Financial Activities for the Year Ended 30 September 2024

(incorporating an income and expenditure account)

INCOME AND ENDOWMENTS
FROM
Notes
Donations and legacies
2
Charitable Activities
Charitable activities
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
Charitable activities
Charitable Activities
5
Other
Total
Net gains/(losses) on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
14		 Unrestricted
funds
£
419,875
22,930
31,603
23,290
497,698
12,032
275,796
2,680
290,508
38,679
245,869
917,943
1,163,812		 2024
Restricted
funds
£
5,525
-
-
-
5,525
-
5,525
-
5,525
-
-
-
-		 Total
funds
£
425,400
22,930
31,603
32,290
503,223
12,032
281,321
2,680
296,033
38,679
245,869
917,943
1,163,812		 2023
Total
funds
£
281,075
28,596
26,672
5,282
341,625
9,798
190,144
1,518
201,460
7,999
148,164
769,779
917,943

The notes form part of these financial statements

Page 9

The Labrador Rescue Trust

Balance Sheet 30 September 2024

(Registered Company Number: 04145991)

Notes
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank
CREDITORS
Amounts falling due within one
year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURENT LIABILITIES
NET ASSETS
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 Unrestricted
Fund
£
2,633
394,052
396,685
351
86,838
704,604
791,793
(24,666)
767,127
1,163,812
1,163,812		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2024
Total
Funds
£
2,633
394,052
396,685
351
86,838
704,604
791,793
(24,666)
767,127
1,163,812
1,163,812
1,163,812
1,163,812		 2023
Total
funds
£
1,748
468,077
469,825
339
34,507
431,123
465,969
(17,851)
448,118
917,943
917,943
917,943
917,943

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

continued..

Page 10

The Labrador Rescue Trust

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 Trustees and authorised for issue on

I R Bristol – Trustee

These notes form part of these financial statements

continued..

Page 10

The Labrador Rescue Trust

Notes to the Financial Statements for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES

Basis of preparing the 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 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 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 statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

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 headings, they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles - 25% on reducing balance Computer equipment - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued..

Page 11

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of

three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the period end and the opening market value (or purchase date if later).

continued..

Page 12

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

2.
DONATIONS AND
LEGACIES
Donations and grants
Legacies.

3.
OTHER TRADING
ACTIVITIES
Trading income
Other income
Subscriptions
Fundraising
4.
INVESTMENT
INCOME
Interest receivable – trading

Interest receivable – investments

Dividends receivable
 2024
2023
£
£
42,924 45,371
382,476 235,704
425,400
281,075
2024
2023
£
£
2,180 3,373
-
-
3,947 13,845
15,476
9,454
31,603
26,672
2024
2023
£
£
11,775 5,282
6,685
-
4,830
-
23,290 5,282



continued..

Page 13

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

5. EXPENDITURE

Other trading activities
Other trading expenditure
Fundraising expenses
Charitable activities
Computer expenses
Insurance
Motor Expenses
Telephone
Postage and stationery
Advertising
Dog supplies and veterinary fees
Bank charges
Depreciation
Profit/Loss on disposal of assets
Payroll costs
Administration and governance		 2024
£
6,565
5,467
12,032
3,057
6,238
17,763
2,399
5,659
-
152,223
1,294
893
-
14,244
77,551
281,321		 2023
£
5,415
4,383
9,798
3,936
6,819
11,269
1,563
6,156
354
132,091
510
604
64
10,780
15,998
190,144

6. NET INCOME/(EXPENDITURE)

Depreciation of owned assets during the year was £893

(2023:£604). Independent Examiners' fee for the year is

£600 (2023: £600).

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.

Page 14

continued..

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

Trustees' expenses

No director received any remuneration or benefit throughout the period (2023 None).

Trustee indemnity insurance of £1,493 was paid by the charity on behalf of the trustees during the year (2023: £1,493).

During the year, no directors received payments for expenses (2023: £nil) other than direct reimbursement of charitable purchases on behalf of the charity.

8. STAFF COSTS

2024
£
Wages and salaries
13,920
Social security
-
Other pension costs
324
The average monthly number of employees during the year was as follows:
2024
No.
Head count
1
No employees received emoluments in excess of £60,000 (2023 – Nil)
14,244		 2023
£
10,521
-
259

2023
No.
1
10,780

Page 15

continued..

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

9. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
COST
At 1 October 2023
Additions
At 30 September 2024
DEPRECIATION
At 1 October 2023
Charge for year
Eliminated on disposal
At 30 September 2024
NET BOOK VALUE
At 30 September 2024
At 30 September 2023		 Motor
Vehicles
£
16,430
-
16,430
14,682
448
-
15,130
1,300
2,331		 Computer
Equipment
£
-
1,778
1,778
-
444
444
1,334
-		 Totals
£
16,340
1,778
18,208
14,682
893
15,575
2,633
2,331

continued..

Page 16

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

10. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 October 2023
Additions – Dividends and investments reinvested less charges
Disposals
Unrealised gains on investments
At 30 September 2024
NET BOOK VALUE
At 30 September 2024
At 30 September 2023
There were no investment assets outside the K.
STOCKS
2024
£
Stocks
351		 Unlisted
Investments
£
468,077
10,776
(123,480)
38,679
394,082
394,052
468,077
2023
£
339

11. STOCKS

continued..

Page 17

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£
Trade debtors
-
Other debtors
86,838
86,838
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
22,243
Accruals and deferred income
Sundry creditors
600
1,823
24,666
14.
MOVEMENT IN FUNDS
At
1.10.23
£
Net
movement
in funds
£
Unrestricted funds
General fund
807,943
250,957
STAR fund
110,000
(5,088)
TOTAL FUNDS
917,943
245,869
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Resources
expended
£
Gains
and
losses
£
Unrestricted funds
General fund
497,698
(285,420)
38,679
STAR fund
-
(5,088)
-
Restricted funds
S.A.D Scheme
5,525
(5,525)
-
TOTAL FUNDS
503,223
(296,033)
38,679		 2023
£
-
34,507
34,507
2023
£
15,338
600
1,913
17,851
At
30.9.24
£
1,058,900
104,912
1,163,812
Movement
in funds
£
250,957
(5,088)
-
245,869

Page 18

continued..

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

Comparatives for movement in funds

Unrestricted funds
General fund
STAR Fund
TOTAL FUNDS		 At
1.10.22
£
769,779
-
769,779		 Net
movement
in funds
£
38,164
110,000
148,164		 At
30.9.23
£
807,943
110,000
917,943

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
STAR fund
Restricted funds
S.A.D Scheme
TOTAL FUNDS		 Incoming
resources
£

226,489
110,000
5,136
341,625		 Resources
expended
£
(196,324)
-
(5,136)
(201,460)		 Gains
and
losses
£
7,999
-
-
7,999		 Movement
in funds
£
38,164
110,000
-
148,164

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
STAR fund
TOTAL FUNDS		 At
1.10.22
£
769,779
-
769,779		 Net
movement
in funds
£
289,121
104,912
394,033		 At
30.9.24
£
1,058,900
104,912
1,163,812

continued..

Page 19

The Labrador Rescue Trust

Notes to the Financial Statements - continued for the Year Ended 30 September 2024

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
STAR fund
Restricted funds
S.A.D Scheme
TOTAL FUNDS		 Incoming
resources
£

7,24,187
110,000
10,661
844,848		 Resources
expended
£
(481,744_
(5,088)
(10,661)
(497,493)		 Gains
and
losses
£
46,678
-
-
(10,921)		 Movement
in funds
£
289,121
104,912
-
394,033

The S.A.D. Scheme was set up to assist in supporting and funding the medical care required for Labradors that arrive in The Trusts care with pre-existing conditions.

The STAR fund is designated by the Trustees for Supported Training and Rehabilitation (STAR) activities to support dogs requiring behavioural intervention. As a designated fund, it is not legally restricted and may be undesignated at the discretion of the Trustees. for Labradors that require behavioural support.

15. RELATED PARTY DISCLOSURES

Trustees have donated a total of £Nil (2023: £446) to the charity, with no conditions attached.

There were no other related party transactions for the year ended 30 September 2024, nor the prior year ended 30 September 2024

continued..

Page 20

The Labrador Rescue Trust

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations and grants
Legacies
Other trading activities
Trading income
Other income
Subscriptions
Fundraising
Investment income
Interest receivable – trading
Interest receivable – investmnets
Dividends receivable
Charitable activites
Dog re-homing
Dog former owner donations
Total incoming resources
EXPENDITURE
Other trading activites
Other trading expenditure
Fundraising expenses
Charitable activites
Computer expenses
Insurance
Motor expenses
Telephone
Postage and stationery
Advertising
Dog supplies and veterinary fees
Payroll costs		 2024
£
42,924
382,476
425,400
2,180
-
13,947
15,476
31,603
11,775
6,685
4,830
23,290
20,255
2,675
22,930
491,707
6,565
5,467
12,032
3,057
6,238
17,763
2,399
5,659
-
152,223
14,244		 2023
£
45,371
235,704
281,075
3,373
-
13,845
9,454
26,672
5,282
-
-
5,282
25,676
2,920
28,596
341,625
5,415
4,383
9,798
3,936
6,891
11,269
1,563
6,156
354
132,091
10,780
201,583 172,968

Page 21

The Labrador Rescue Trust

Detailed Statement of Financial Activities for the Year Ended 30 September 2024

Other
Subscriptions
Miscellaneous
Support Costs
Finance
Bank charges
Other
Depreciation of tangible assets
Profit/Loss on disposal of assets
Governance costs
Accountancy and legal fees
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Net income		 2024
£
1,223
1,457
2,680
1,294

893
77,551
296,033
207,190
38,679
245,869		 2023
£
706
812
1,518
510
604
64
15,998
201,460
140,165
7,999
148,164

This page does not form part of the statutory accounts

Page 22