2025-09-30-accounts - The Labrador Rescue Trust

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Company registration number: 04145991 Charity registration number: 1088198

THE LABRADOR RESCUE TRUST TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Labrador Rescue Trust Contents

	Page
Trustees' Report	1—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—17
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account)	18—19

The Labrador Rescue Trust Company No. 04145991 Trustees' Report For The Year Ended 30 September 2025

The trustees present their report and the financial statements for the year ended 30 September 2025.

Objectives and Activities

Aims and Objectives

The objectives 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."

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.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Achievements and Performance

Key Issues

New policies and procedures were required in the light of new legislation and an increase in behavioural 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.
The operations of the Trust were organised as five (effectively) autonomous geographical areas. Whilst strong improvements have been made in coordination and operational synergies, further improvement was identified to optimise volunteer operations.
Increased veterinary fees, together with additional treatment and care costs, have resulted in higher expenditure for the Trust. This has highlighted the need for ongoing monitoring of veterinary costs and the establishment of a Dog Welfare Officer role to strengthen oversight of animal welfare and support effective cost management.
The policies and strategy determined by the Trustees needed to be delivered in a timely and effective manner.
The Trust has seen an increasing number of enquiries from owners seeking to give up dogs for re-homing because of behavioural issues. Options in these circumstances are:

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

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

In 2024 the Operations Managers had prepared a two-year plan to address the issues that have been identified above, this plan subject to ongoing implementation:

The volunteer database has been established so that it is clear who still wishes to volunteer for the Trust and in what capacity. A new CRM system is currently in the process of being implemented to assist with this.
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. All volunteers signify their agreement to adhere by the Policies and Procedures.
A new Operational Guidance Manual has been written and all forms used by the Trust in re-homing have been updated and reviewed.
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 an additional Trustee, taking the number up to four.

...CONTINUED

Page 1

The Labrador Rescue Trust Trustees' Report (continued) For The Year Ended 30 September 2025

Key Issues - continued

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 2025. In summary, the Three Strategic Pillars were and remain:

The rescue and re-homing of labradors
The provision of information and advice upon Labrador dog ownership, training, nutrition and general welfare
The discouragement of the disposal of unwanted dogs through websites such as Gumtree and Pre-loved.

These strategic priorities remain relevant.

However, it is recognised that the Trust needs to evolve from its previous focus as a large-scale rehoming organisation and into a rescue organisation with a stronger focus on dogs with complex medical and behavioural needs and therefore, pillars 1 and 2 are being prioritised. 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.

The Trust is exploring options for providing dedicated kennel facilities to support the management and rehabilitation of dogs with more complex behavioural or welfare needs. This is intended to enhance animal welfare, improve operational flexibility, and ensure appropriate care can be provided for dogs requiring additional support.

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.

In order to address the needs of dogs with behavioural problems, the trust has established the supported training and rehabilitation (‘STAR’) Scheme. A STAR dog is referred to an approved behaviourist 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, drafted by the trust's lawyers, is now used in place of the original 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 83 dogs in the twelve months to 30th September 2025. 37 dogs were accepted onto the SAD scheme and 48 dogs were accepted onto the STAR scheme. 14 dogs were returned to the Trust. The total dogs in rescue in the year ended 30[th] September 2025 was 134 but 37 of these were discontinued, either by change of mind by owner or rescue space found elsewhere.

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 formalised 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 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.

Financial Review

Financial Position

Income for the year was £479,126 (2024: £503,223) including dividends and interest, excluding unrealised investment gains. The small decrease in income was due to a general decrease in donations and legacies, which vary year on year.

Expenditure was £299,568 (2024: £296,033). This slight increase was expected due to general inflation in expenses. The net surplus for the year was £184,674 (2024: 245,869).

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 2025 resulted in a gain of £5,116 (2024: £38,679), the reduction in gain has followed the trend of markets in the year.

Page 2

The Labrador Rescue Trust Trustees' Report (continued) For The Year Ended 30 September 2025

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 long-term 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 £125,000 required for total free reserves. As of the year-end, total reserves totalled £1,348,486 (Note 19) of which free reserves amounted to £936,022 (2024: £767,127), 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. 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

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.

Key Issues

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 1088198. The governing document of the Trust is its articles of association, which were adopted on incorporation on 23rd January 2001. Updated 4th 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

(i)To ensure that the activities of the Trust meet the objects of the Trust and to set policy in that regard.

(ii) To monitor the financial and ethical performance of the Trust and

(iii) To regulate expenditure in order to ensure that the Trust is on a sound financial footing.

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.

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.

...CONTINUED

Page 3

The Labrador Rescue Trust Trustees' Report (continued) For The Year Ended 30 September 2025

Key Issues - continued

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 employs 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

Trustees

Mrs F D Hixon - Chair Mr K D Webster - Vice-chair Miss I R Bristol Mrs H McNeill (appointed 29/01/2025)

Charity Number 1088198

Company Number 04145991

Registered Office

31 Oxford Road Bournemouth Dorset BH8 8EX

Independent Examiner

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

Page 4

The Labrador Rescue Trust Trustees' Report (continued) For The Year Ended 30 September 2025

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Page 5

The Labrador Rescue Trust Independent Examiner's Report to the Trustees of The Labrador Rescue Trust For The Year Ended 30 September 2025

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

Responsibilities and Basis of Report

As the charity 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 CIMA, 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:

accounting records were not kept in respect 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 as 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 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.

Date 22[nd] July 2026

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

Page 6

The Labrador Rescue Trust Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

Unrestricted funds £ 404,193 17,695 23,722 27,149	Designated funds £ 6,367 - - -	2025 Total funds £ 410,560 17,695 23,722 27,149
472,759	6,367	479,126
(5,157 ) (286,691 ) (1,353 )	- (6,367 ) -	(5,157 ) (293,058 ) (1,353 )
(293,201 )	(6,367 )	(299,568 )
179,558 5,116	- -	179,558 5,116
184,674	-	184,674
184,674 1,163,812	- -	184,674 1,163,812
1,348,486	-	1,348,486

The notes on pages 10 to 17 form part of these financial statements.

Page 7

The Labrador Rescue Trust Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: The Labrador Rescue Trust Other trading activities 4 Investments 5 EXPENDITURE ON: Raising funds 7 Charitable activities: 7 The Labrador Rescue Trust Other NET INCOME BEFORE INVESTMENT GAINS Net gains on investments NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 19	Unrestricted funds £ 419,875 22,930 31,603 23,290	Designated funds £ 5,525 - - -	2024 Total funds £ 425,400 22,930 31,603 23,290 503,223 (12,032 ) (281,321 ) (2,680 ) (296,033 ) 207,190 38,679 245,869 245,869 917,943 1,163,812
	497,698	5,525
	(12,032 ) (275,796 ) (2,680 )	- (5,525 ) -
	(290,508 )	(5,525 )
	207,190 38,679	- -
	245,869	-
	245,869 917,943	- -
	1,163,812	-

The notes on pages 10 to 17 form part of these financial statements.

Page 8

The Labrador Rescue Trust Balance Sheet As At 30 September 2025

Unrestricted funds £ 2,305 410,159	Designated funds £ - -	2025 Total funds £ 2,305 410,159
412,464 326 176,609 768,902	- - - -	412,464 326 176,609 768,902
945,837 (9,815 )	- -	945,838 (9,815 )
936,022	-	936,022
1,348,486	-	1,348,486
1,348,486	-	1,348,486
		1,348,486
		1,348,486

For the year ending 30 September 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Miss I R Bristol Trustee Date 21st July 2026

The notes on pages 10 to 17 form part of these financial statements.

Page 9

The Labrador Rescue Trust Notes to the Financial Statements For The Year Ended 30 September 2025

1. General Information

The Labrador Rescue Trust is a company limited by guarantee, incorporated in England and Wales, registered number 04145991 and registered charity number 1088198 . The registered office is 31 Oxford Road, Bournemouth, Dorset, BH8 8EX

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Incoming Resources

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.

2.3. Resources Expended

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles 25% reducing balance Computer Equipment 25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

Page 10

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

2.7. Financial Instruments

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.

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).

2.8. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

2.9. 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.

3. Income from Donations and Legacies

Donations and gifts Legacies Donations and gifts Legacies	Unrestricted funds £ 31,264 372,929	Designated funds £ 6,367 -	2025 Total funds £ 37,631 372,929 410,560 2024 Total funds £ 42,924 382,476 425,400
	404,193	6,367
	Unrestricted funds £ 37,399 382,476	Designated funds £ 5,525 -
	419,875	5,525

Page 11

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

4. Income from Other Trading Activities

. Income from Other Trading Activities
Income from other trading activities Membership subscriptions Fundraising events . Investment Income Bank interest receivable Dividends from investments Other interest receivable	2025 Unrestricted funds £ 2,240 13,447 8,035
		23,722

		27,149

5. Investment Income

6. Net Income/(Expenditure)

The net income is stated after charging/(crediting):

Depreciation of tangible fixed assets - owned . Analysis of Expenditure Raising funds The Labrador Rescue Trust	Activities undertaken directly (see note8) £ 5,157 224,889	2025 £ 768	2024 £ 893
		Support costs (see note9) £ - 68,169	2025 Total £ 5,157 293,058
	230,046	68,169	298,215

7. Analysis of Expenditure

Page 12

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

Activities undertaken directly (see note8) £ 12,032 201,583	Support costs (see note9) £ - 79,738	2024 Total £ 12,032 281,321
213,615	79,738	293,353
Raising funds £ 4,246 911 - - - - - - - -	The Labrador Rescue Trust £ - - 159,042 38,321 1,047 12,095 3,849 5,092 1,768 3,675	2025 Total £ 4,246 911 159,042 38,321 1,047 12,095 3,849 5,092 1,768 3,675
5,157	224,889	230,046
Raising funds £ 6,565 5,467 - - - - - -	The Labrador Rescue Trust £ - - 152,223 13,920 324 17,763 3,057 6,238	2024 Total £ 6,565 5,467 152,223 13,920 324 17,763 3,057 6,238

...CONTINUED

Page 13

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

- -	2,399 5,659	2,399 5,659
12,032	201,583	213,615
	2025 £ 600 2025 £ 38,321 1,047 39,368	2025 The Labrador Rescue Trust £ 1,133 768 66,268
		68,169
		2024 The Labrador Rescue Trust £ 1,294 893 77,551
		79,738
		2024 £ 600
		2024 £ 13,920 324
		14,244

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

Page 14

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

12. Average Number of Employees

Average number of employees during the year was: 3 (2024: 1)

13. Tangible Assets

Motor Vehicles £ 16,430	Computer Equipment £ 1,778 439	Total £ 18,208 439
16,430	2,217	18,647
15,130 324	444 444	15,575 768
15,454	888	16,342
976	1,329	2,305
1,300	1,334	2,633
	2025 £ 326 2025 £ 176,609	Listed £ 394,052 10,991 5,116
		410,159
		-
		-
		410,159
		394,052
		2024 £ 351
		2024 £ 86,838

14. Investments

15. Stocks

16. Debtors

Page 15

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

17. Creditors: Amounts Falling Due Within One Year

7. Creditors: Amounts Falling Due Within One Year
Trade creditors Other creditors Accruals and deferred income	2025 £ 8,461 754 600 9,815	2024 £ 22,243 1,823 600
		24,666

18. Pension Commitments

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund.

During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,047 (2024: £324).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

19. Movement in Funds

As at 1 October 2024 £ 1,163,812 -	Income £ 472,759 6,367	Expenditure £ (288,085 ) (6,367 )	As at 30 September 2025 £ 1,348,486 -
1,163,812	479,126	(294,452 )	1,348,486
As at 1 October 2023 £ 917,943 -	Income £ 497,698 5,525	Expenditure £ (251,829 ) (5,525 )	As at 30 September 2024 £ 1,163,812 -
917,943	503,223	(257,354 )	1,163,812

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 preexisting 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.

Page 16

The Labrador Rescue Trust Notes to the Financial Statements (continued) For The Year Ended 30 September 2025

20. Transactions with Trustees

No director received any remuneration or benefit throughout the period (2024 None).

Trustee indemnity insurance of £70 was paid by the charity on behalf of the trustees during the year (2023: £1,493).

During the year, trustees received payments for expenses of £34 (2024: £nil).

21. Related Party Disclosures

Trustees have donated a total of £Nil (2024: £nil) to the charity, with no conditions attached.

There were no other related party transactions for the year ended 30 September 2025, nor the prior year ended 30 September 2024

Page 17

The Labrador Rescue Trust Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 September 2025

INCOME AND ENDOWMENTS FROM: Donations and legacies Donations and grants Legacies Charitable Activities: The Labrador Rescue Trust Dog re-homing Dog former owner donations Other trading activities Trading income Subscription income Fundraising events Investments Dividends from investments Bank interest receivable Interest receivable from investments EXPENDITURE ON: Raising funds Other trading expenditure Fundraising expenses Charitable Activities: The Labrador Rescue Trust Dog supplies and veterinary fees Wages and salaries Employers pensions Motor expenses Computer software, IT consumables and maintenance Insurance Telephone Printing, postage and stationery Bank charges Depreciation Accountancy and legal fees	2025 Total funds £ 37,631 372,929	2024 Total funds £ 42,924 382,476 425,400 20,255 2,675 22,930 2,180 13,947 15,476 31,603 4,830 11,775 6,685 23,290 503,223 (6,565) (5,467) (12,032) (152,223) (13,920) (324) (17,763) (3,057) (6,238) (2,399) (5,659) (1,294) (893) (77,551) (281,321) ...CONTINUED
	410,560 16,015 1,680
	17,695 2,240 13,447 8,035
	23,722 5,142 15,442 6,565
	27,149
	479,126 (4,246) (911)
	(5,157) (159,042) (38,321) (1,047) (12,095) (3,849) (5,092) (1,768) (3,675) (1,133) (768) (66,268)
	(293,058)

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The Labrador Rescue Trust Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 30 September 2025

Other

Other
Subscription costs Miscellaneous NET INCOME BEFORE INVESTMENT GAINS Net gains on investments Surplus on disposal of listed fixed asset investments NET INCOME	(806) (547)	(1,223) (1,457) (2,680) (296,033) 207,190 38,679 38,679 245,869
	(1,353)
	(299,568)
	179,558 5,116
	5,116
	184,674

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