CHARITY REGISTRATION NUMBER: 1100305 South West Golden Retriever Rescue Trust Unaudited Financlal Statements 31 December 2023 CAARIPI COMMISSION FIRST CONTACT t 3 OCT 2024 P,ECEIVED Whitehead & Aldrich Charlered Accountants & Registered Auditors South West Golden Retriever Rescue Trust Financial Statements Year ended 31 December 2023 Contents Page Trustees, anntjal report 1and2 Independent examiner's report to the Iruslees Statement of financlal acllvllies Statement of financial posllion Statement of cash fIows Notes lo the financial statements 7t010 South West Golden Retriever Rescue Trust Trustees, Annual Report Year ended 31 De¢omber 2023 Th8 trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023. Trustees Report Thls Charity was foTmed in 2003 and operates within the tems specified in the Declaration of Trust dated 8th September. There are currenuy 3 Trustee5. namely Penelope Gillian Beauchamp, Richard Edw8rd Dean and Carol Ann Dean. The slated aim of the Charity as set out in the Declaration of Trust is lo relieve the suffering and distress of Golden Relrlever dogs, bltches and puppies who are in need of care and attention or bècause they have been abandoned, neglected or mislrealed by the provision of Gare, treatment, shelter, rehabllilalion and re-housing. Thls has been our aim Sin￿ the formation of the Charity. Since the lockdowns in 2020 the need for Rescue has been greatly reduced. This is due to the following reasons:_ 1. The number of litters of Golden Retrievers being registered at the Kennel Club has greatly decreased over the last 3 years and this has led to fewer dogs needing new homes. 2. The fewer numbers of puppies avallaNe has led lo an increase In the prtce charged for puppies and this has meant that people. when they decide to rehome their dog, want to sell them and not to grve them to Rescue organisalions to rehome. There are now a large number Df inl8met siles that are available lo use lo sell dogs. This is not just something that we, as a Charity have experienced, Golden Retriever Reglonal Breed Clubs around the country have experienced a lack of demand for the services th81 they have traditionally supplied in their areas. We have kept the Charity going as we still maintsin a responslbilily for all the dogs that we have rehomed in the past, however the numb8TS of dogs that we feel responsibility for has dwindled so that there are now only a handful still allve. Reference and admlnistratlve details Reglstered charlty name South West Golden Retriever Rescue Trust Charity registratlon number 1100305 Principal office Valley Cottage BolbeFry Malborough Kin9sbridge TQ7 3EA The trustees C.A Dean P.G Beauchamp REDean A¢countant5 Whitehead & Aldrich Chartered accountants 5 Ribblesdale Place Preston Lancashiré PR18BZ South West Golden Retriever Rescue Trust Trustees. Annual Report leontlnyed) Year ended 31 December 2023 Trustees, responslbllltles statement The trustees are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practi￿). The law applicable to charlties in England and Wales requires the charity trustees lo prepare financial statements for ea¢h year which give a Iwe and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial slatemenls, Ihe Iruslees are required to.. select suitable accounting poiicies and then apply them consistently. observe the rnelhods and principles in the applicable Charities SORP. make judgments and accounting estimates that are reasonable and prudenL' state whether applicable UK Accounting Standards have been followed. subject lo any material departures disciosed and explalned in the financial slalements,. prepare the financial stslements on the going concern basis unless it is inapproprlate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accoynling records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the appllcable Charities (Accounts and Reports) Regulations, and the provislons of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for takirvJ reasonable steps for the prevention and detection of fraud and other Irregularfties. The trustees, annual report was approved on 4th October 2024 and slgned on behalf of the tx)8rd of tnjslees by.. P.G Beauchamp Trustee Independent Examiner's Report to the Trustees of South West Golden Retriever Rescue Trust Year ended 31 December 2023 I report lo the trustees on my examination of the financial statements of South Wesl Golden Relriever Rescue Trust {'Ihe chariv) for th8 year ended 31 December 2023. Responsibilities and basis of roport As the trustees of the charity you are responsible for the preparation of the flnanci81 statements in accordance with the requirements of IhÈ Charities Act 20111'the Act,). I report in respect of my examlnatlon of the charity's financial slalemenls carried out uniler section 145 of the 2011 Act and in Carrying out my examination I have followed all the applicable Direclvjns given by the Charity Commission under section 145(5llb) of the Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come lo my attention in conn8Ction with the examination givlng me eause to believe that in any material respect.. accounting records were not kept in respect of the chaTity as required by section 130 (rf th8 Act,. or Ihe financial statements do not aco)rd with those records; or the financial 51atemenls do not comply with the applicable requirements ¢onGerning the fomi and ¢ontenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the ?¢¢ounts give a 'true and fail view which is r￿t a maller ￿nsIdere(l as part of independent exarninalion. I have no concern5 and have ¢ome across no other matters in connection with the examination to which attention should be drawn in this report In order lo enable s proper understanding of the accounts to be reached. Whitehead & Aldrich Chartered Accountants Independent Examiner 5 Ribblesdale Place Preston Lancashire PR18BZ 4th October 2024 South West Golden Retriever Rescue Trust statement of Financial ActKvities Year ended 31 December 2023 2023 2022 Total funds Unrestricted funds Total funds Note Income and endowments Donation5 and legacies Total income 84,367 84,367 84,367 84,367 Expendlture Expenditure on charitable activities Total expenditure 3.415 3,415 478 3,415 3,415 478 Nat IncomBI(8xpondlturo) and net movgment in funds 80,952 80.952 1478) Reconcillation of funds Total funds brought forward Total funds rArried forward 113,855 113,855 114.333 194,807 194.807 113,855 The statement of financi￿ aclivilles Includes all galns and losses recognfsed In the year. All in¢ome and expendt¢U￿ derive from ¢ontinuing a¢livities. The notes on pages 7 to qo forni part olth850 finan¢lal statem?n South West Golden Retriever Rescue Trust Statement of Financial Position 31 December 2023 2023 2022 Note Current assets Debtors Cash at bank and in hand 11 226 113,629 113,855 197,207 197,207 Creditors.. amounts falllng due within one year Net current assets 12 1400 194,807 113,855 Total assets less current liabilities 194807 194807 113,855 113,855 Net assets Funds of the Gharity un￿StriCted funds 194,807 194,807 113,855 Total charity funds 13 113,855 The8e financial statements were approved by the board of trustees and aulhorised for issue on 4th October 2024, and are signed on behalf of the board by.. P.G Beauchamp Trustee The notes on pages 7 to 10 form part of th8se Ilnanclal statements. South West Golden Retriever Rescue Trust statement of Cash Flows Year ended 31 December 2023 2023 2022 Cash flows from operating activities Nel incomel(8xpendilure} 80,952 {478) Adjustments for.- Acrwed expenses 1400 Changes in.. Trade and other debtors 226 Cash generated from operations Net cash fromllused in) operating activities 83,578 83,578 1478) Net Increaselldecrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Ca$h and cash equivalents at end of year 83,578 113,629 197.207 {4781 114.107 113,629 The notes on page8 7 to 10 form part of t￿s0 financial statÈmÈnts. South West Golden Retriever Rescue Trust Notes to the Financial Statements Year ended 31 December 2023 General Information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Valley Cottage, Bolberry, Malborough, Kingsbridge, TQ7 3EA. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Finan¢ial Reporting Standard applicable in the UK and the Republic of Ireland., the Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charitles SORP (FRS 1021) and the Charilies Act 2011. Accountlng polldos 8a$is of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and Investment properties measured at fair value through income or expenditure. The financial slatemenls are prepared in sterling, which is the functional currency of the entity. Going concern There are no m8terlal uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are avadable for use at the discretion of the trustees lo further any of the charity's purposes. Designated funds are unrestricted funds earrnarked by the trustee$ for parti¢ular future project or commitment. Restricted funds are SLJbjected lo restrictions on their expendilure declared by the donor or through the terms of 2n appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds. South West Golden Retriever Rescue Trust Notes to the Financial Statements Icontlnuedl Year ended 31 December 2023 Accounting pollcies Icontlnuodl Incomlng resour¢es All incoming resources are included in the statement of financial activities when enliuement has passed lo the charity. il is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specifio policies are applied lo particular categories of In¢ome'. income from donations or grants is recognised when there is evidence of entitlement to the grft. re￿Ipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlitlemenl is established. income from donated goods is measured at the fair value of the goods unless this is impractlC81 to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when r8ceived rf the value can be reliably measured. No amounts are included for the contribution of general voluftteers. income from contracts for the supply of services is recognised with the delivery of the contracted seNice. This is dassrfied as unrestricted funds unless there is a conlraclual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded 85 re51riGted. Rèsources expended Exp8nditure is recognised on an a¢cruals basis as a liability is Incurred. Expenditure includes arv VAT whiGh cannot be fully recovered. and is Glassified under headlngs of the statement of financial activities lo which it relates.. expend￿Ure on raising fund5 includes the costs of all fijndraising activities, events, non-charllable tr8dlng aclivilies, and the sale of donated goods. expenditure on charitable acllvltles Includes all costs incurred by a charity in undertaking a¢livilles that further ils charitable aim5 for the benefit of ils beneficiaries, including those support costs and c051s relating lo the governance of the charity apportioned to ¢haritable activities. other expenditure in¢ludes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivilies. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the aelivilies they contribute lo on a reasonable, justifiable and consislenl basis. Donatlons and legacies Unreslricled Total Funds Unreslri¢led Total Funds Funds 2023 Funds 2022 Legacies Legacies 84,367 84,367 South West Golden Retriever Rescue Trust Notes to the Financial Statements Icontlnuedl Year ended 31 December 2023 Expgndlture on charltable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Charitable activities 3,415 3.415 478 478 Expenditure on charitable activitios by actlvlty typè Activities undertaken Total funds direcuy 2023 Total fund 2022 Charitable activities 3,415 3,415 478 Analysls of support costs Charitable activities Total 2023 Tatal 2022 Vel bills and medlcatlon Insurance Accountancy 226 789 2,400 226 789 2AOO 181 297 3,415 3,415 478 Independent èxaminatlon fees 2023 2022 Fees payable lo the independent examiner for.. Independent examination of the financial slalemenls 2,400 staff ¢osts The average head count of employees durlng the year was Nil {2022.. Nil). No employee received employee benefits of more than £60,000 during the year (2022: Nill. 10. Trustee remuneration and expenses No remuneration or other bEnefits from employment with the charity or a related entity were received by the trustees. 11. Debtors 2023 2022 Prepayrnenls and accrued in¢ome 226 South West Golden Retriever Rescue Trust Notes to the Financial Statements IEontlnuBd) Year ended 31 December 2023 12. Creditors: amounts falllng due wlthln one year 2023 2022 A¢¢ru?Is and deferred income 2.400 13. Analysis of charltable funds Unrestricted funds At 1 January 2023 At 31 D¢Gember 2023 Income Expenditure General funds 113,855 84,367 (3,415) 194,807 Al 1 January 2023 At 31 December 2023 Income Expenditure General fvnds 114,333 14781 113,855 14. Analysis of net assets beiween funds Unrestricted Totsl Funds Funds 2023 Current assets Creditors less than 1 year Net assets 197.207 {2,4001 194,807 197,207 12,400) 194,807 Unrestricted Tot￿ Fun(Is Funds 2022 Current assets Creditors less than 1 year Net ass¢ts 113,855 113,855 113,855 113,855 15. Analy51s of changes in net debt At 1 January 2023 Cash flows At 31 December 2023 Cash al bank and in hand 113,629 83,578 19T,207 10-