CAVALIER KING CHARLES SPANIEL RESCUE AND WELFARE
Charity Number 1104112
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR 31 DECEMBER 2021
CAVALIER KING CHARLES SPANIEL RESCUE AND WELFARE
CONTENTS
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| Page | |
|---|---|
| Charity Information | 1 |
| Trustees' Report | 2 - 3 |
| Independent Examiners’ Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 8 |
CAVALIER KING CHARLES SPANIEL RESCUE & WELFARE
CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021
| Trustees: | Mr D Sedgbeer (Chairman) |
|---|---|
| Mrs C Witten (resigned 2 June 2021) | |
| Mrs M Pipkin (resigned 2 June 2021) | |
| Mrs H Brewer (Secretary) | |
| Mrs A Sedgbeer (Treasurer) | |
| Mrs S Mangham | |
| Mrs R Loades | |
| Bankers: | Santander |
| Bank of Scotland | |
| Kennel Site: | Lockhamgate Cottage |
| Lockham Gate | |
| Wrangle | |
| Boston | |
| Lincolnshire | |
| PE22 9DD | |
| Charity Number: | 1104112 |
| Independent Examiner: | Mrs Nicola Lenton FCCA |
| Dexter & Sharpe | |
| Chartered Certified Accountants | |
| The Old Vicarage | |
| Church Close | |
| Boston | |
| Lincolnshire | |
| PE21 6NA |
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CAVALIER KING CHARLES SPANIEL RESCUE & WELFARE
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
Objectives of the Charity
Cavalier King Charles Spaniel Rescue & Welfare is constituted by a declaration of trust dated 2 May 2004 as amended 29 May 2020. The charity was formed to relieve the suffering of unwanted, abandoned, neglected and mistreated Cavaliers and in particular for the rescue and provision of care for such animals and where appropriate to find a suitable alternative home.
Cavalier King Charles Spaniel Rescue & Welfare are a registered charity (No. 1104112) (England and Wales).
In setting our objectives and planning our activities our trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.
It has not been a very good year in more ways than we could have imagined. As well as the pandemic we have been used to scam people into thinking we had dogs for them to collect from our location as long as they paid for the dogs up front. We would like to thank people for their help and support in such trying times.
Financial Position and Reserves
The Charity continues to build on the firm foundations laid over the past years and has achieved good financial stability.
The Statement of Financial Activities shows a surplus for the year 31 December 2021 of £24,171 (2020 £86,280) and our reserves stand at £966,373 in total, of which £11,971 are unrealised gains on investments.
The trustees consider that the reserves are adequate to continue the charity’s current level of activity.
Risk Management
The trustees have undertaken a review of the major risks to which the charity is exposed, and systems to mitigate those risks have been considered. In light of this a separate sub committee for investments was set up on 27[th] February 2017 to monitor the investments and report back to the main committee as and when required.
Volunteers
All our trustees are volunteers and they give their time to assist with the running of the charity as well as looking after the Cavaliers in need until a suitable permanent home is found.
Trustees' Responsibilities
The trustees are required under the Charities Act 2011 to prepare financial statements for each year, selecting an appropriate consistent basis for preparation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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CAVALIER KING CHARLES SPANIEL RESCUE & WELFARE
ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 cont/….
Requirement for Audit
There is no requirement in the constitution for the accounts to be audited. The Charities Act 2011 obliges the Trustees to have the financial statements independently examined. A copy of the examiner's report is attached to the accounts.
The report was approved by the trustees on 4 May 2022 and signed on their behalf.
David Sedgbeer (Chairman)
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF
CAVALIER KING CHARLES SPANIEL RESCUE & WELFARE
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2021, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with such records
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
MRS NICOLA LENTON FCCA Independent Examiner Dexter & Sharpe Chartered Certified Accountants The Old Vicarage Church Close Boston Lincolnshire PE21 6NA
4 May 2022
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CAVALIER KING CHARLES RESCUE AND WELFARE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| General | Total | Total | ||
|---|---|---|---|---|
| Notes | Funds | 2021 | 2020 | |
| INCOMING RESOURCES | £ | £ | £ | |
| Grants, Donations and Legacies: | ||||
| Donations | 686 | 686 | 9,208 | |
| Legacies | 22,795 | 22,795 | 145,251 | |
| Interest and Dividends: | ||||
| Interest Received | 22 | 22 | 5 | |
| Income from Investments | 10,774 | 10,774 | 10,762 | |
| Other Income: | ||||
| Profit on disposal of investments | 28,241 | 28,241 | - | |
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||
| Total Incoming Resources: | 62,518 | 62,518 | 165,226 | |
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| RESOURCES EXPENDED | ||||
| Direct Charitable Expenditure: | ||||
| Vets fees | 578 | 578 | 885 | |
| Rescue and Adoption Expenses | 288 | 288 | 386 | |
| Postage and Stationery | 16 | 16 | 93 | |
| Donations | 2 | 23,874 | 23,874 | 33,000 |
| Sundry Expenses | 155 | 155 | 95 | |
| Telephone | - | - | 7 | |
| Web Hosting | 113 | 113 | 50 | |
| Governance Costs: | ||||
| Legal and Professional Fees | 2,102 | 2,102 | - | |
| Bank Charges | 90 | 90 | 90 | |
| Accountancy | 3 | 870 | 870 | 828 |
| Other Expenditure: | ||||
| Trustees Expenses | 4 | 486 | 486 | 406 |
| Loss on disposal of investments | - | - | 34,275 | |
| Investment Fees | 9,775 | 9,775 | 8,831 | |
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| Total Resources Expended: | 38,347 | 38,347 | 78,946 | |
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| NET INCOMING RESOURCES FOR THE | YEAR | 24,171 | 24,171 | 86,280 |
| OTHER RECOGNISED GAINS | ||||
| Unrealised Profits on Investment Assets | 11,971 | 11,971 | 69,493 | |
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| Net Movement in Funds | 36,142 | 36,142 | 155,773 | |
| Total Funds Brought Forward | 930,231 | 930,231 | 774,458 | |
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| Total Funds Carried Forward | 966,373 | 966,373 | 930,231 | |
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CAVALIER KING CHARLES RESCUE AND WELFARE
BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed Assets | |||||
| Investments | 5 | 863,821 | 725,654 | ||
| Current Assets | |||||
| Cash at Bank and in Hand | 87,087 | 192,178 | |||
| Investment Account | 16,293 | 13,227 | |||
| Prepayments | 42 | - | |||
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| 103,422 | 205,405 | ||||
| Creditors:amounts falling due | |||||
| within one year | (870) | (828) | |||
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| Net Current Assets | 102,552 | 204,577 | |||
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| 966,373 | 930,231 | ||||
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| General Fund | |||||
| Funds Brought Forward | 930,231 | 774,458 | |||
| Net Movement in Funds | 36,142 | 155,773 | |||
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| Funds Carried Forward | 966,373 | 930,231 | |||
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Approved by the board of directors and trustees on 4 May 2022 and signed on its behalf.
…………………………….
Mr D Sedgbeer (Chairman)
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CAVALIER KING CHARLES RESCUE AND WELFARE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) and the Charities Act 2011.
The financial statements are prepared in sterling and rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102.
Incoming Resources
These are included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the resources, the trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability. Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. Investment Income is included in the accounts when receivable. This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.
Taxation
The charity is exempt from corporation tax on its charitable activities.
- 2 . DONATIONS
During the year the following donations were made to the following charities:
| Northern Cavalier Bliss Cavalier Rescue Southern Cavalier Cavalier Caravan Club West of England Cavalier Eastern Cavalier Forest of Dean Dog Rescue The King Charles Cavalier Club |
2021 £ 374 20,000 500 - 1,000 1,500 - 500 23,874 |
2020 £ - 15,000 500 1,000 - 1,000 15,000 500 |
|---|---|---|
| 33,000 |
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CAVALIER KING CHARLES RESCUE AND WELFARE
NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
3. AUDIT AND ACCOUNTANCY FEES
| UDIT AND ACCOUNTANCY FEES | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accountancy | 870 | 848 |
| Other services | 102 | - |
4. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration for the year ended 31 December 2021.
Trustees’ expenses
For the year ending 31 December 2021 travel expenses totalled £486 (2020 - £406).
5. ASSETS
Fixed Asset Investments
| Market value at beginning of year Notional distribution Additions to investments at cost Disposal proceeds Profit/(loss) on disposals Unrealised profit on market value Market value at end of year |
2021 £ 725,654 9,624 675,801 (587,470) 28,241 11,971 863,821 |
2020 £ 687,999 9,452 380,345 (387,360) (34,275) 69,493 |
|---|---|---|
| 725,654 |
The above investments are all listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes, market value £863,821 (2020 – £725,654) and a cash balance held in addition to the investment £16,293 (2020 - £13,227). Income from investments during the year was £10,796 (2020- £10,762).
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