Ice CCJF Animal Regcue Cyprus (ARC) Financial Staternents For the Year Ended 31 December 2020 Registered Number 1096482 Animal Rescue Cyprus (ARCI Index to the Financial Statements for the Yoar Ended 31 December 2020 Contents Pages Charity Information Trustees, Report Independent Examiner's report Statement of Financial Activities Balance Sheet Notes to the Accounts AnlmaS Rescuè Cyprus (ARC) Charity Information For the Year End￿ 31 December 2020 Trustees lan Keith (Chaiman and Secretary} Maria Papakynacou ttreasurerl John Henley Gillian Henley Andrew Pakkos Joy Porter Registered Office 13 Beech Hill Avenue Bamel EN4 OLW Reporting A¢￿untants Brooking Ruse & Co Limited Chartered Accountants and Registered Auditors 2 Slafford Pla Weston-super-mare. Somerset, 8S23 2QZ Bankers HSBC Harford Square Chew Magna Bristol BS40 8RA Charity Number 1096482 Animal Rescue Cyprus (ARC) Tru$t¢•s' Report for the Year Endad 31 D•¢•mb¢r 2020 The Trustees of Animal Rescue Cyprus p￿sent their annLEal report on the affairs of the Charity together with the financial statements and independent examiners report for the year ended 31 Decèmber 2020. Tru$teo3 The Iruslees named on page 1 served for the periods shchvn. Structure, govérnan¢• and management The charity is governed by a Trust Deed and Supplementary Deed. The Trustees are elected in accordance with the governing documents. The day lo day management of the charity is, in the Tnain. undertaken by the Chairman, Treasurer and Secretary. obj￿ and activities The charity's object is to promote animal health and Welfa￿ mainly on the island of Cyprus by providing and maintaining a rescue home and other facilities for the care of unwanted animals and relieving the suffering of animals in need of care. The charity looks after sick and ill-trealed animals and both conducts and promotes research. The charity also seeks to advance the edU￿tIOn of the public and ¢onlinues lo raise funds and invite contributions. Public benefit The Trustees confimi that they have complred wr(h their duty under section 4 of the Charities Act 201110 have due regard to the Charity Commission's general guidance to charities on public benefit. Risk Management The Iruslees have idenlrfied and reviewed the major risk5 to which the charity is exposed and confirm that they have established systems or prcKedures to manage and mitigate those risks Achievements and performance 2020 has proved lo be a very drfficull year for all due lo the pandemic. It severely dried up supporters and any funding of the animal home in Paphos. The shelter was already devasted by the adveT5e weather (heavy rains and flooding lo the area). Whatever had been raised by ARC helped the shelter towards the repairing of the home, medical supplies, waler rates, phone bills and the ever increasing food bills. Financial Review During Ihe year the charity had incoming resources of £29,804 against which there were outgoings of £40,965. This gave a nel movement in funds of £11,161 which has reduced the funds brought forward giving funds a5 at 31 December 2020 of £12,165. Statement of responsibllltles of the Board The Charities Act requires the Board lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Society and of the surplus or deficit of the charity for that period. In preparing these financial statements. the Board is ￿UIred to.. Select suitable accounting policies and then apply them consislenty.- Observe the methods and principles in the Charities SORP., Make judgments and eslimales that are reasonable and prudent,. Stale whether applicable accounting Standards have been followed. subject lo any material- departures disdosed and explained in the financial statements,. and Prepare the financial slalemenls on a going concem basis unless il is inappropriate lo presume that the charity will continue in business. Animal Rescue Cyprus (ARCI Trustees. Report for the Year Ended 31 December 2020 The Board is responsible for keeping proper accounting records which disclose WTlh reasonable accuracy at any time the financial position of the charity and lo enable il lo ensure that the financial statemen15 comply with the Charities Act 2006. 11 has general responsibility for taking reasonable steps to safeguard the assets of the charity and lo prevent and detect fraud and other irregularities. These financial ststements have been prepared in aCccffdan￿ with the provision applicable lo Companies subject lo the small companies regime and in accordance with FRS 102 'The Financial reporting Standards applicable in the UK and Republic of Ifeland.. Declaration The Injslees declare that they have approved the tnjstees report above. Signed on behall of the charity's Trustees Trustee Date.. 26 October 2021 Animal Rescue Cyprus (ARC) Indepondent Examinerfs Report to thg Trustees I report lo the Iruslees on my examination of the accounts of Animal R8scue Cyprus Ilhe Charity) for the year ended 31 December 2020. which are set out on pages 4 10 8. Responsibilities and basis of report As the charity Iruslees you are responsible fof the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011{'Ihe Act,). I report in respect of my examination of the Trustees. aGGounls ￿rrIed out under section 145 of the 2011 Act and in earying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect.. {11 accounting records were not kept in respect of the Charity as required by section 130 of the Act,. or {21 the accounts do not accord with those records." or {31 the accounts do not comply with the applicable reqU1￿mentS concerning the form and content of accounts sel out in the Charities IA¢counls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considere(l as part of an independent examination. I have no coneems 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 lo be reached. Robert D. Orr ACA For and on behalf of Brooking Ruse & Co Limited Chartered Accountsnts and Statutory Auditors 2 Stafford Place Weslon-super-mare Somer5el BS23 2QZ Dale.. 26 October 2021 Animal Rescue Cyprus (ARC) Statement of Financial Activilies Year Ended 31 December 2020 Unrestrictad fund$ 2019 funds Notg Total funds Income Resource$ Income resources from generating funds Voluntary income Other incoming resources 29,414 29,414 390 29,424 11,403 Other incoming resourGes . 29.804 29,804 40,827 Resources Expended Charitable activities Governance costs Other resources expended 40,305 600 60 40.305 600 32,000 600 Other incoming resources 40.965 40.965 32,600 Net movement in funds (11,1611 111,1611 8.227 Reconclliatlon of funds Total funds brought forward 23,326 23,326 15,099 Total funds carried forward 12,165 12,165 23.326 The notes on page 6 form an inlegraj part of these financial slalernents Animal ResGue Cyprus (ARC) Balanc8 Sheet Y¢ar Ended 31 December 2020 Prior year fund8 Total funds Notg Currnnt Asset$ Debtors Cash al bank and in hand 5,160 7,605 4,770 19,156 Total current assets 12.765 23,926 Llabilitios Creditors- amoun15 falling due within one year 600 Nat assots 12,165 23,326 Tha Funds of the Charity Unreslricled income funds 12.165 23,326 Total charity funds 12,165 23,326 The financial statements were approved by the Board of Trustees on 26 October 2021 and were signed on ils behalf by.. Trustee Animal Rescue Cyprus (ARCI Notes to the Accounts for the Year Ended 31 December 2020 1. Accounting Policies Accounting convention The financial slalements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporbn9 by Charities, issued in 2005. Basis of prgparalion The financial sialemenls have been prepared in accordance with the Slalement of Recommended Practice.. Accounting and Reporting by Charities preparing their Accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland IFRS 1021 issued on 16th July 2014. as amended on 2nd February 2016-, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the UK Generally Accepted Accounting Practice as it applies from 1st January 201 S. There aTe no material uncertainties regarding the Charity's ability to continue its activities for the foreseeable future. The Charity meets the definition of a public benefit enlty under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy notes. Incoming resources Donations are recognised in the Year in which the Chartty is entitted to and certain of receipt and the amount can be Measured with reasonable certainty_ Income is only deferred when the charity has to fulfil conditions before becoming enlided lo it or where the donor has specrfied that the income is to be expended in the future year. Gtft-Aid is added lo the value of the donation to which rt relates. Donated sefvices are recognised as income and expenditure in the financial slalemenls when organisations or individuals offer their services and support pro bono. The value of these donated services to the Trust is considered to be equal lo market value which would be paid were the service formally procured. This includes services paid for by otherTrusls. Investment income is accounted for on a receivable basis. Resources expended Expenditure is included on an accruals basis. Liabilities are recognised as soon as there is a legal or conslruclive obligation committing the charity to pay out resources. Charitable activities (x)mprise those costs directly attributable lo the fu￿lMent of the charitable objects. Governance costs Support costs have been allocated be￿een govemance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and costs related lo slatulory requiremefits. Govefflan￿ and support costs are deemed lo relate wholly lo the principal activity. Animal Rescug Cyprus (ARC) Notes to the Accounts for the Year Ended 31 December 2020 Taxation The trust is a registered charity and is not liable to United Kingdom lax21ion on charitable activities, provided income falls within the charitable exemptions and is spent on charitable purposes. Funds The General Unrestricted Fund is free for the Trustees to use for any purpose in furtherance of the Trust's charitable objects. 2020 2019 2. Charitablo Activities Grants made 40,305 32,000 3. Governance Costs Accountancy and independent examination 600 600 4. Debtors Gift aid recoverable 5,160 4,770 5. Creditors- Amounts falling due within one year Accruals and deferred income 600 600 6. Trustees. Remuneration and Expenses No Trustee received any remuneration or olher benèfits for services rendered in this year or the preceding year. Expenses incurred were reimbursed, rf applicable, al cost with no benefit whatever arising lo the recipient. Animal Rescue Cyprus (ARC) Notes to the A¢Gounts for the Year Ended 31 December 2020 7. Employ8es and Voluntgors The Trust had no employees in this or the preceding year. The Trust relies on vdunteers lo cary out management and administration work. 8. Gift Aid The Grft Aid recoverable for the year is £390 trxinging the total amount due to the charity lo £5,160. 9. Grants Ouring the year grants tolalling £40,305 were made to Paphiakos & C.C.P. Animal Welfare lo fund water rates, telephone bills, medical bills and animal food. 10. Related Party Transactlons There were no related party transactions during the year.