Company re8iStratlon number: 05434781 Charity re8i5tration number: 1110503 BLEAKHOLT ANIMAL SANCTUARY GROUP REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
BLEAKHOLT ANIMAL SANcfuARY CONTENTS Reference and Administrative Details Ito3 Strategic Report 4toll Trustees, Report 12to15 Statement of Trustees, Responsibilities 16 Independent Auditors, Report 17to20 Consolidated Statement of Flnancial Activitles 21to22 Consolidated Balance Sheet 23 Balance Sheet 24 Consolidated Statement of Cash Flows 25 Statement of Cash Flows 26 Notes to the Flnanclal Statements 27to47
BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DEfAILS Company Re8lstratlon Number 05434781 Charity Reglstratlon Number 1110503 Re8lstered Offlce Bury Old Road Edenfield Ramsbottom Bury Lancashire BLO ORX The charity Is Incorporated in England and Wales. V Cooper D Mann Trustees J Thornton K Griffln J Mahon l Elston D Corrigan J Murray DHart S Jacobs Trustees who held tltle to property belongin8 to the charlty durSn8 the reporting period or at the date of approval were: Mrs J A Murray (Trusteel held the NS&I income bonds during the year, the bonds will mature on 08/0112026.
BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DETAILS Key Management Personnel Karen Weed, Sanctuary Manager Vicky MacDonald, Deputy Manager Sollcltors FieldSngs Porter Silverwell Street Bolton BLI IPT Audltor Slade & Cooper Limited Statutory Audltors Beehive Mlll Jersey Street Manchester M4 6JG
BLEAKHOLT ANIMAL SANcfuARY REFERENCE AND ADMINISTRATIVE DETAILS Accountants Horsfield & Smith Statutory Auditor5 Tower House 269 Walmersley Road Bury BL9 6NX Veterlnary Vets4Pets {cat5, dogs & small animals) 480 Manchester Road Bury BL9 9NY Andrew Melling BVSC, MRCVS (equines & all farm animals) 535 Chorley Old Road Bolton 8LI 6AE Bankers The Royal Bank of Scotland Direct Business Bankln8 4th Floor l Hardman Boulevard Manchester M3 3AQ
BLEAKHOLT ANIMAL SANCTUARY STrATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2024, in compliance with s414C of the Companles Act 2006. Reference and administrative informatlon set out on page I forms part of this report. The financial statements comply wlth current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reportin8 by Charities: SORP applicable to charlties preparing thelr accounts in accordance wSth FRS 102. Achlevements and performance The charlty's main activities and those It tries to help are described below. All its charltable activities focus on the care and shelter of stray, neglected and unwanted animals and are undertaken to further Bleakholt Animal Sanctuary's charitable purposes for the publlc benefit. The prlncipal aim of the Charity remains the rescue, rehabilltation and re-homin8 (except equines and farm animals) of stray, neglected and unwanted animals and consequent benefit to all sectors of the public, Homlng fi8ures for 2024 were 446 do8s, 527 cats and 176 small animals makin8 a total of 1,149 animals rehomed and a further 16 reunited with thelr owners. This was a 16% Increase on 2023 homin8 figures. The ethos of 'Carin8 for those who have No-one, Is always at the forefront of the work at the Sanctuary. Each year, the Sanctuary provides crltical care for numerous neglected animals, and this year was no exception. Among the many challenging cases the Sanctuary took on, the plight of the 'chocolate pupples stood out. In Aprll, a call from a woman requesting asslstance-with a Iltter she could no longer keep due to her landlord's restrictions set the wheels Sn motSon. Unable to bring the puppies in herself, the Sanctuary arranged a collection. The scene they encountered upon arrival at the woman's home was disheartening; the now seven-month-old puppies were severely emaclated and living in squalid conditions. Immediate veterinary treatment was administered, and the puppies were placed on specialised feedln8 plans, designed to 8ently nourish their weakened bodies and begin the lon8 road to recovery.
BLEAKHOLT ANIMAL SANCTUARY STRATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 The Santtuary also saw many urgent cases of neglected dogs arrivin8 at the Sanctuary. Just some of these cases include, Alfie, a West Hi8hland Terrier who arrived with severe mange, George a Chocolate Labrador who arrived with major fur loss though a heav¥ flea burden and Cookie a Shih Tzu who had to have his eye removed due to untreated infections and Fro8 a French Bull do8 who had to have her ear canal removed also due to untreated Infections. Over in the farm three new pi8s were admltted from a famlly that could no longer care for them due to health Issues. Charlotte, Wllbur and Fern are Murn, Dad and Daughter, they are Spotted Gloucester Pl8s and have settled in well into Sanctuary Ilfe. Durln8 2024 the poultry enclosures were renovated to ensure they were compliant with bird flu restrictions. This enabled the Sanctuary to help more battery hens. The hens come dlrectly from farms and have proved very popular with 37 hens being rehomed in late 2024. The number of animals admitted during 2024 was 1204, thls was an increase on the previous year. The demand for our services grows higher each year with Increased cost of living pressures and hi8her number of pets In the UK following the pandemic. The stables and farm sections continued to be busy, the area wlth the most requests for helping being rabbits. Requests to admit rabbits saw a similar situation to the cats with a far larger number needing help than spaces available. With a focu¥ on caring for those that have no-one, often older, vulnerable and animals in poor health are prioritised for admission. This does sadly mean rabbits are often
BLEAKHOLT ANIMAL SANCTUARY STRATEGIC REPORT YEAR ENDED 31 OECEMBER 2024 brou8ht in after being found abandoned. Sadly, as rabbits are so widely available little thought goes into purchasing them and many are kept in poor welfare conditions. Once again, many youn8 do85 that were admitted to the Sanctuary In 2024 arrlved due to owners not considerin8 the long-term commitments to pet ownershlp. Many puppies came to the Sanctuary through local vets where they had been handed in as either strays or no lon8er wanted. Once again, the demand to take in kittens Outweighed the numbers able to be helped. Not neutering is a very bi8 local problem and this is resulting In huge numbers of unwanted and unplanned litters. Bleakholt continues to advertise and recrult foster homes to help Increase the number of cats and kittens able to be helped. Despite an increase in cat rehoming the Sanctuary had a large waiting list throughout 2024.
BLEAKHOLT ANIMAL SANCTUARY STRATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 The 5-year rolling Business Strategy which was approved by Trustees in 2022 continued to be reviewed throughout its third year. This is guiding the charitV'5 development up to 2027. The strategy currently has 5 key aims and seeks to maintaln and improve animal care/welfare, customer service, finance, reputation and facilities. This follows the previous five-year strategy where not all aims could be achieved due to the pandemic. The need to increase income and move away from reliance on legacies has been a growing concern and a key aim of the new strategy is to move away from this reliance. It was also appreciated that the need to continue to attract legacles needed further advertisement. Bleakholt joined with Octopus Le8acie5 in a bid to try and increase future legacies whlch has resulted in 23 pledges being left to Bleakholt in 2024. In 2024, Bleakholt Animal Sanctuary actlvely pursued alternatlve strategies to bolster income, building upon prevlous efforts. These initiatlves encompassed a multi-pronged approach, focusln8 on increased engagement and visibility. The or8anisation aimed to attract larger audiences to external fundraising events, leveraged the reach of onllne auctions, and promoted gift aid uptake. Furthermore, Bleakholt ampllfSed Its communication through newspaper and soclal medla appeals to broaden its donor base. Strategic partnerships also played a key role, notably a collaboration with the Turton Rotary Club, which resulted in Bleakholt's participation in numerous club events. Reco8nisin8 the importance of local presence, Bleakholt engaged with the Ramsbottom Events Group to ensure consistent participation in all relevant communlty 8atherings. A fourth charlty shop was opened In Rawtenstall In May 2024. The new shop took a few months to become established and still needs to open on further days. It raised £33,076 in 2024. Grant appllcations are made by managers and flnance staff, £10,000 was received in the year. Bleakholt continues to be a full member of the Association of Dogs and Cats Homes and continues to network and share 8ood practice. Quarterly re8lonal meetln8s are held and Bleakholt attends and has hosted these meetlngs. As always, the slncere gratltude of the Trustees goes to 8leakholt's dedicated staff, volunteers and Presldent Gemma Atk5nson. In partlcular, thanks go to the volunteer dog walkers who continue to turn out dally In all weathers, the café, shops, gardening and book shop volunteers who work tirelessly to raise much needed funds.
BLEAKHOLT ANIMAL SANcfuARY STrATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 Beneflclarles of our servlces The sanctuary re-homed a total of 1149 animals in 2024 to individuals, couples and famllies across Greater Manchester, Lancashire and West Yorkshire. Bleakholt ha5 well established relationshlps with other local rescues, council organisations, vets and local police and when space is available will admit animals from other organisations. Together wlth those anlmals permanently in residence at the sanctuary and other contacts during the year it is estimated that well over 1,300 animals were helped. As well as the benefits to the animals themselves there is always a number of people who benefit from the adoption of each anlmal or a vlsit in one form or another to the sanctuary. If at least 4 people benefit from each animal then over 4,OCNJ have benefitted In the year. Supporting the local community has always been a key value. In 2024 many tours across the Sanctuary were 8iven to local schools and charity groups. This not only helped to promote the work that Bleakholt does but also to encourage responslble pet ownershSp. The Sanctuary provides a vital ser4ice to the local area takln8 in anlmals that can no longer be looked after. This is not only a benefit to the animal but also to the owner or family members stru881in8 to care for the animal.
BLEAKHOLT ANIMAL SANCTUARY STRATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 Flnanclal revlew The Trustees wish to record their gratitude to everyone who contrlbuted to the Income of Bleakholt Animal Sanctuary by way of donations, le8acie5 and fundraising. Equally, to those who were able to contribute in klnd support. Total income received increased from £1,585,58112023} to £1,830,043 (20241, which was partially due to movements in le8acy allocations. Expendlture for 2024 was £1,789,991 compared to £1,482,609 in 2023, an increase of £307,382 on the previous year. Cost of living rises affectin8 dailv runnin8 Costs have impacted this increase alon8 With a IO% national minimum wa8e increase. Animal costs includin8 veterinary fees, food and cleaning increased by £120,940 with the number of anSmals needSn8 ur8ent care greatly increasing. During the year, Bleakholt received donatlons and legacles totalling £1,294,209 {2023: £1,134,781). Both donations and the movement of legacies were higher representing the Increase in the perlod. Tradlng actlvSties, which Snclude the charity shops, the open days, the on-site shop, café and Sundry showed an increase on previous years with income of £337,602 compared to £307,524 in 2023. Thls Is in line with the five-year Business Strategy to Increase tradSng Income. Further work will be requlred to Sncrease tradln8 income to reduce the reliance on le8acies. The Board of Trustees has lon8 recognised that Bleakholt cannot continue to rely on le8acies and Is contlnulng to look at other sources of revenue including charity shops / commercial actlvity and onllne fundralslng to increase Income and reduce the reliance on legacies. This 15 the I, item on the Strate8lc Risk Re81ster and is the guiding po5nt of the next flve-year Business Strategy. A previous cost reduction programme successfully reduced the charities expenditure. However, pressure on costs such as veterinary services wlth vaccines alone now doubled In price in three years and Increase5 of IO% In the National Minimum wa8e have seen a growth In annual runnln8 Costs. Pollcy on reserves The Trustees have reviewed, revised and established a pollcy whereby it designates a Reserve Fund, identified as a Contingency Fund, which will enable Bleakholt to continue for a period of time the current seNlces of the Charity in the event of a significant drop in funding. It is obviously necessary to consider how the funding will be replaced or the activities modified should such circumstances arise. The Trustees have continued to keep this level at 12 months, actual service runnin8 Costs - this equates to some £1,500,000 pa. A Development Fund has been rin8-fenced for costs relatln8 to the improvement and refurbishment of the sanctuary {through the projects programmel - this stood at £1,028,763 at the year end.
BLEAKHOLT ANIMAL SANCTUARY STRATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 A separate fixed assets fund is recognised by the Trustees representing the net book value of fixed assets held - £1,260,288 (2023: £1,350,089), Whilst the value of these assets is included within the total funds of the Charity they do not represent liquid/expendable amounts and should be segre8ated accordin81y. Plans for future perlods Alms and Key oblertlvesfvrfvture perlods A new 5 year Business Strate8y12022-2027) was developed, with a strong focus to contlnue to Improve standards whilst increasing trading revenue to cover more of the annual runnin8 COSt5, moving away from a reliance on legacies. Improving welfare standards across the board Is cons5stently revlewed and low-cost programmes have been introduced across all sections such a5 Increasing enrichment and addressln8 animals that might be stru88lln8 With sanctuary life more proactively. This work wlll continue to expand and the Sanctuary works closely wSth the ADCH to follow best practices. Projects completed In 2024 included completion of the poultry enclosures and redecoratlon and improvements to the public tollets. The café was also redecorated and work completed to replace all guttering across the Sanctuary. Bleakholt were charlty of the year wlth Jigsaw Homes Group, they held fundralslng events throu8hout the year raising a total of £3,901. Bleakholt were also Charity of the Year with Together HousSn8 who have organlsed several volunteer days with trades people to carry out repairs on site. Lastly Bleakholt were also Charity of the year with WEC group who raised £3,444. The flNe-Nedr FuThdrii5iTh8 Strate%N deNeloped ITh ZQZZ was ITh its thlrd year. The FuThdraisiTr% aThd P consultant contlnued to launch several appeals and has Increased supporter volumes with Increased media coverage. Social media coverage is also being increased with new accounts made wlth Llnked In and Tiktok to attract a wider range of supporters and further promote the work of the Sanctuary. io
BLEAKHOLT ANIMAL SANcfuARY STRATEGIC REPORT YEAR ENDED 31 DECEMBER 2024 The projects programme for next year (20251 wlll include: Redevelopment and extenslon of the Cattery Improvements to draina8e Increase trading activSty Improvement of the piFJgoat enclosures Farm Improvement Plan - Repairin8 remainln8 fencin8 and dry-stone walls Re-tarmac yard Review potential for renewable energy sources The strate8lc report was approved by the Trustees of the charity on behalf by: and signed on Its V Cooper Chair and Trustee 11
BLEAKHOLT ANIMAL SANcfuARY TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 The Trustees, who are Directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024. Dlsclosure of Informatlon to audltor Each Trustee has taken steps that they ought to have taken as a Trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that Information. The Trustees confirm that there is no relevant information thatthey know of and of whlch they know the auditor is unaware. Trustees Vlctoria Cooper Chair w.e.f. 28.07.24 (was already a Trustee) Daniel Mann VSce Chalr {was co-opted and voted onto the Board at the AGM 28.7.241 Kathy Griffin Secretary (was co-opted and voted onto the Board at the AGM 28.7.24) James Thornton Treasurer Dawn Hart Denise Corri8an Julle Mahon Simon Jacobs {was co-opted and voted onto the Board at the AGM 28.7.24) lan Elston Jackie Murray Jackie Cook (resigned at the AGM on 28.7.24) Objectlves and actlvltles The Charlty's objectives are the provision of care and shelter for stray, neglected and unwanted anlmals of all kinds includlng dogs, cats, rabbits, guinea pigs, horses, donkeys, ponies, goats, sheep, Pi85 and hens and the protection of animals from111 usage, cruelty and suffering. To provide medlcal treatment and endeavour, wherever possible, to find suitable homes for the dogs, cats and small animals ensuring that they are re-homed to suitable 'forever' homes in accordance wlth Sanctuary Rehomln8 Policy. In re-homing unwanted dogs and cats, the number of such animals that would otherwlse be abandoned by owners and become strays is reduced. A reduction in stray animals protect5 the public from the potential nuisance and in some cases injury and harm that can be caused by straying animals. Where possible the Sanctuary reunites lost pets with their owners. In accordance wlth legislation, the Sanctuary microchips all dogs and cats to be rehomed. This alds the identification of owners and re- uniflcation of animals to their owner5. This micro chipping service is also available for the general public to acce55 for a modest donation. 12
BLEAKHOLT ANIMAL SANCTUARY TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 The Sanctuary also aims to educate the public about the protection of animals from cruelty and suffering and in the welfare and proper care of animals. Vocational training is provided to young people who are interested in a career in animal care and related industries. The Sanctuary encourages links with local schools and other organisations and regularly provides ta Iks to provide education on animal welfare issues to include responsible and considerate pet ownership with a view to reducing the number of unwanted and neglected animals and the negative impact of such on our society. The Trustees review the aims, objectives and activities of the charity each year. This Report looks at what the charlty ha5 achieved and the outcomes of its work in the reporting period. The Trustees report the success of each key activity and the benefits the Charity has brou8ht to those groups of people that it is set up to help. The review also helps the Trustees ensure the Charity's aims, objectives and activities remained focused on its stated purposes. Publlc beneflt The Trustees have referred to the guidance contained In the Charlty Commission's general guldance on public benefit when reviewing the Charity's aims and objectives and in planning Its future activities. In particular, the Trustees consider how planned activitles wlll contribute to the aims and objectives that have been set. The Trustees confirm that they have complied wlth the requSrements of section 17 of the Charities Act 2011 to have due regard to the publlc beneflt 8uldance publlshed by the Charity Commlssion for England and Wales. Structure• 8overnance and management The Charlty runs an animal Sanctuary near Edenfleld, Lancashlre by way of employed staff and volunteers. The Trustees form a Board of Mana8ement that meets on a monthly basis to dlscuss and make decislons In relation to all aspects of the Sanctuary's mana8ement Including: financial planning and control, staffin8 levels, animal care and welfare, veterinary matters, homing of animals and policies, provision and upkeep of buildings and machlnery, land management, hygiene and correspondence received. An events calendar is compiled for the year. The Trustees also discuss the operational performance report covering all aspetts of the Sanctuary Ido& cat, stables and farm sections). The Sanctuary Manager, Deputy Manager, Heads of Sectlon and Supervisors are responslble for all aspects of the day-to-day management of the Charity. The Sanctuary Manager has a focus on supporting the Trustees and re-development and has a particular focus on the operation and improvement of the day to day running of the Santtuary. The Sanctuary Manager takes instructlon from and reports to the Trustees on a regular basis through the Chair of Trustees. Expert financial, legal, compliance and other advlce Is sou8ht where necessary. The trading subsidiary of Bleakholt Shop Limited passes on the entirety of its proflts to the Sanctuary each year. There have been no changes in policy or organisation durin8 the year. Trustees are recruited based on their skill and expertise, with consideration given to existin8 involvement with the Sanctuary. All Trustees are required to be members of the Sanctuary. They are 13
BLEAKHOLT ANIMAL SANCTUARY TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 elected for a 3 year term by members attendin8 the AGM. Trustees are required to sign a declaration that states that they are not disqualified by law from acting as a charity trustee as per section 72 of the Charities Act 2011. New Trustees are provided with copies of the Memorandum and Articles of Association and past accounts are available to them. Any Charity Commission information is also given to new and exSstlng Trustees. The induction of new Trustees is carried out by the Chair and the Sanctuary Manager. The organlsatlon Is a charitable company limlted by Buarantee, incorporated on 25 April 2005 and registered as a charlty on 20 July 2005. The assets, liabilities and undertakings were transferred on 31 December 2005 from Bleakholt Animal Sanctuary, an unincorporated charity established under a constitution adopted 7 June 1969 and re8iStered as a charity on 25 June 1968. The company was established under a Memorandum of Association which establlshed the objects and powers of the charitable company and is governed under Its Articles of Association. If the Charity Is dlssolved, each of the members Is Ilable to contribute such surn {not exceeding £10) towards the assets of the Charlty. The total number of such guarantees at 31 December 2024 was 452 (2023 was 427), The Trustees are members of the charlty but thls entitles them only to votlng rl8hts. The Trustee5 have no beneflcial interest In the charlty. All Trustees 8ive their time voluntarily and receive no benefits from the charlty. Any expenses reclaimed from the charity are set out in the accounts {2024: NIII. Related partles and relatlonshlps wlth other organlsatlons As mentioned, Bleakholt are proud members of the Associatlon of Dogs & Cats Homes IADCHI and are able to network wlth and share good practice wlth other membercharities forthe benefit of Bleakholt. Remuneratlon pollcy for key management personnel The key management personnel Include the Sanctuary Manager and Deputy Manager. The pay grade of these key management personnel Is revlewed annually, The grades are set out in the approved Pav Policy and pro8ression15 subject to a satisfactory performance review. The pay 8rades are benchmarked against comparable charlties periodically. Major rlsks and management of those rlsks The Trustees have considered all rlsks to the Sanctuary and have approved a risk register. This 55 revlewed every 6 months and includes the followln8 key areas: l. Financial Income The Trustees recognise that legacy Income is critical but It Is unpredictable in nature and historically has peaks and troughs. It is accepted that there Is a need to maximise income from other sources and to maximise income from Event Days and other fundraisin8 activities, the cafe, the on-site Shop and the four Charity Shops, sponsorships and membership. It is also imperative that donations are maximised usin8 Gift Aid where possible. 14
BLEAKHOLT ANIMAL SANcfuARY TRUSTEES, REPORT YEAR ENDED 31 DECEMBER 2024 2. Compliance - Health & Safety Health & Safety is of upmost importance In a workin8 Sanctuary as the safety of the staff, volunteers, public and animals is paramount. Risk as5essment5 are regularly carried out to identify and reduce risks. Annual meetings and regular dialogue takes place with the Sanctuary's Insurers. Any Issues In relatlon to Health & Safety are reported to the Trustees and are addressed as a matter of urgency. A review of the Health & Safety and Policy & Procedures has been undertaken during the reporting period and Bleakholt engages a professional advi50r (Work Nest) to assist with compliance. 3. Compliance - Employment Law The Sanctuary Manager Is responsible for the day to day aspects of employment matters with the support of the Trustees. In order.i&) ensure that the Sanctuary is workin8 in accordance within current Employment Law, Bleakholt en8a8es a professional advlsor to assist with compliance. 4. Human Resources The nature of Bleakholt's work means that it relle5 heavily on both paid staff and volunteers to undertake a wlde varlety of roles. There Is a workforce plan In place to develop the staff team and keep skllls and expertlse up-to-date. There Is also a need to develop the pool of volunteer5 available, Including Trustees, and this Is belng addressed. Funds held as ¢ustodlan trustee on behalf of others Bleakholt has not acted as custodlan trustee In the reportln8 period. Reappolntment of audltor The aud5tors Slade & Cooper Limited are deemed to be reappointed under sectlon 487(21 of the Companles Act 2006. This report has been prepared in accordance with the provlsions applicable to companies subject to the small companles reglme of the Company's Act 2QJ6. The annual report was approved by the Trustees of the charity on behalf by: and signed on Its J Thornton Treasurer and Trustee 15
BLEAKHOLT ANIMAL SANCTUARY STATEMENT OF TRUSTEES, RESPONSIBILITIES YEAR ENDED 31 DECEMBER 2024 The trustees (who are also the directors of Bleakholt Animal Sanctuary for the purposes of company lawl are responsible for preparing the trustees, report and the flnancial statements in accordance with applicable law and United Kin8dorn Accountin8 Standards {United Kingdom Generally Accepted Accountin8 Prarticel, Includin8 FRS 102 "The Flnancial Reportln8 Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under cornpany law the trustees must not approve the financial statements unless they are sat15fied that they glve a true and falr view of the state of affalrs of the parent charltable company and the group and of the incomin8 resources and application of resources, including its income and expenditure, of the charltable group for that perlod. In preparin8 these financlal statements, the trustees are required to: select Suitable accountlng policies and apply them conslstently. observe the methods and principles in the Charltles SORP; • make Judgements and estimates that are reasonable and prudent; • state whether applicable accounting Standards, comprisin8 FRS 102 have been followed, subject to any material departures dlsclosed and explained in the financlal statements; and prepare the financial statements on the going concern basls unless It Is Inappropriate to presume that the parent charitable company will tontlnue in business. The trustee5 are responsible for keep5ng proper accounting records that can dlsclose wlth reasonable accuracy at any tlme the financial positlon of the parent charitable company and the groyp and enable them to ensure that the financial statements comply with the Companie5 Act 2006. They are also responsible for safeguardlng the assets of the parent charltable company and the 8roup and hence for taking reasonable steps for the prevention and detectlon of fraud and other Irregularities. The trustees are responslble for the Maintenance and inte8rlty of the corporate and flnanclal Information Included on the charitable company's webslte. Le8lslatlon goverrlkng the preparatlon and dis5eminatlon of financial statements may differ from legislatlon in other Jurlsdlctions. Approved by the trustees of the charlty o a.7....7.,7.f nd slgned on Its behalf by: V Cooper Chair and Trustee 16
BLEAKHOLT ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANcfuARY Oplnlon We have audited the financial statements of Bleakholt Animal Sanctuary (the 'parent charitable company,) and its subsidiaries for the year ended 31 December 2024, which comprise the Group Consolidated Statement of Financial Activities (including the income and expenditure account), the Group Consolidated Balance Sheet, the Charity Balance Sheet, the Group Consolidated Statement of Cash Flows, the Charlty Statement of Cash Flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our oplnion the flnancial statements: 8ive a true and fair vlew of the state of the group's and charitable company's affairs as at 31 December 2024 and of the group's incomin8 resources and appllcatlon of resources, includin8 Its income and expendlture, for the vear then ended; have been properly prepared In accordance wlth Unlted Kln8dom Generally Accepted Accountlng Practlce; and have been prepared in accordance wlth the requlrements of the Companies Act 2006 and the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibS1ities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned Is suffSclent and appropriate to provide a basls for our oplnion. Concluslons relatln8 to 8oln8 concern In audltlng the financlal statements, we have concluded that the trustees, use of the 8oln8 concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identlfied any materlal uncertaintles relatin8 to events or conditions that, individually or collectively, may cast signlficant doubt on the group's or parent charitable companls ablllty to continue as a going concern for a perSod of at least twelve months from when the financial statements are authorised for Issue. Our responslbllltles and the responsibilities of the trustees with respect to going concern are described In the relevant sections of this report. 17
BLEAKHOLT ANIMAL SANcfuARY INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY Other Informatlon The trustees are responsible for the other Information. The other information comprises the informatlon included in the Strategic Report {incorporatin8 the directors, report) and the Trustees, Report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other informatlon and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowled8e obtained in the audit or otherwise appears to be materially misstated. If we Identify such material Inconsistencies or apparent material misstatements, we are requlred to determlne whether there Ss a material misstatement in the financial statements or a material mlsstatement of the other information. If, based on the work we have performed, we conclude that there is a material mlsstatement of thls other information, we are required to report that fact. We have nothlngto report In thls regard. Oplnlons on other matters prescrlbed by the Companles Art 2006 In our oplnlon, based on the work undertaken in the course of the audlt: the Informatlon 8lven in the Strate8ic Report (incorporating the directors, report) and the Trustees, Report for the flnancial year for which the financSal statements are prepared Is conslstent with the financial statements; and the dlrectors, report has been prepared Sn accordance wlth applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understandln8 of the group and parent charltable company and its environment obtained In the course of the audit, we have not identified material misstatements in the dlrectors, report. We have nothing to report in respect of the followln8 matters In relatlon to whlch the Companies Act 2006 and the Charltles Act 2011 requires us to report to you if, in our opinion: adequate accountin8 records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or the parent charitable company's financial statements are not in agreement wlth the accountin8 records and returns; or certaln disclosures of dirertors, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the trustees were not entltled to prepare the financial statements in accordance with the small companies, regime and take advantage of the small companies, exemptions in preparing the directors, report. 18
BLEAKHOLT ANIMAL SANcfuARY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BLEAKHOLT ANIMAL SANCTUARY Responslbllltles of trustses As explained more fully in the Statement of Trustees, Responsibilities (set out on page 16}, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being Satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparlng the financial statements, the trustees are responslble for assessing the group's and parent charltable company's ability to continue as a going concern, dlsclosin8, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to Ilquidate the group or parent charitable company or to cease operations, or have no realistlc alternative but to do $0. Audltor's responslbllltles for the audtt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statement5 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance Is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the a88regate, they could reasonably be expected to influence the economlc declslons of users taken on the basls of these flnancial statements. Irre8ularltles, Includln8 fraud, are Instances of non-compllance wlth laws and regulatlons. We deslgn procedures in Ilne with our responsibillties, outllned above, to detect materlal mlsstatements in respert of Irre8ularitles, Including fraud. The specific procedures for this engagement and the extent to which these are capable of detectln8 Irregularltles, Including fraud Is detailed below.. enqulry of management and those charged with governance around actual and potentlal Iltl8at5on and clalms. enquiry of the charlty's staff, management and those charged with governance to identify any Instances of non- compliance with laws and regulations. reviewing minutes of meetings of those charged with governance. revlewlng flnanclal statement dlsclosures and testing to supporting documentatlon to assess compllance with applicable laws and re8ulations. auditSng the rlsk of management override of controls, Including throu8h testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of si8nlficant transactions outside the normal course of business. Because of the inherent limitations of an audit, there is a risk that we will not detect all irre8ularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This rlsk increases the more that compliance with a law or regulation is removed from the event5 and transactions reflected in the financial statements, as we will be less likely to become aware of instance5 of non-compliance. The risk is also 8reater regarding irregularities occurrin8 due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation, 19
BLEAKHOLT ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEE5 OF BLEAKHOLT ANIMAL SANcfuARY A further description of our responsibilities is avallable on the Financial Reporting Council's website at: htt www.frc.or auditorsres onsibilities. This description forms part of our auditorfs report. Use of our report This report is made solely to the charitable companws members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members and its trustee5 those matters we are required to state to them in an audltorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the charitable company and the charitable company's members a5 a body, for our audit work, for this report, or for the opinion5 we have formed. Christy Yun Hing Lau FCCA DChA CTA Senior Statutory Auditor for ond on behalf of Slade & Cooper Llmlted Statutory Auditors Beehive Mill Jersey Street Manchester M4 6JG Date: i£)oq}tkn25 Slade & Cooper Llmlted Is ell8ible to act as an audltor In terms of sectlon 1212 of the Companles Act 2006 20
BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING GROUP CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) YEAR ENDED 31 DECEMBER 2024 Unrestrlcted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities (Sanctuary services) Other trading activities Investment income 1,294,209 144,050 337,602 54,182 1,294,209 144.050 337,602 54,182 Total Income 1,830,043 1,830,043 Expendlture on: Raising funds Charitable activities (Sanctuary services) 1100,8981 (1,689,093) 1100,898) 1,689,093 Total expend5ture (1,789,991) 1,789,991 Net Income 40,052 40,052 Net movement in funds 40,052 40,052 Reconclllatlon of funds Total funds brought forward 3,887,388 3,887,388 Total funds carrSed for¥vard 23 3,927,440 3,927,440 21
BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING GROUP CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) YEAR ENDED 31 DECEMBER 2024 Comparatlve statement of flnanclal actlvltles Unrestrlrted funds Restrlcted funds Total 2023 Note Income and Endowments from: Oonations and legacies Charitable activities (Sanctuary servlces) Other trading activities Investment income 1,127,909 119,584 307,524 23,692 6,872 1,134,781 119,584 307,524 23,692 Total Income 1,578,709 6,872 1,585,581 Expendlture on.. Raising funds Charitable actlvities (Sanctuary services) {76,7321 (1,394,212) 176,7321 11,405,877) 11,6651 Total expenditure 1,470,944) 11,6651 1,482,609) Net Income/lexpendlture) 102,972 Net movement In funds 107,765 {4,7931 102,972 Reconclllatlon of funds Total funds brought forward 3,779,623 4,793 3,784,416 Total funds carrled forward 23 3,887,388 3,887,388 All of the group's actlvities derive from continuing operatlons durlng the above two perlods. The statement of financial activitles includes all gains and losses reco8nised In the year. 22
BLEAKHOLT ANIMAL SANcfuARY (REGISTRATION NUMBER: 05434781) GROUP CONSOLIDATED BALANCE SHEEr AS AT 31 DECEMBER 2024 2024 2023 Note Flxed a5s•ts Tanglble assets 14 1,260,288 1,350,089 Current assets Stocks 16 3,485 480,821 1,300,000 1,007,035 3,634 515,543 1,023,741 1,075,662 Debtors 17 Investments 18 Cash at bank and Sn hand 19 2,791,341 2,618,580 ' Credltors: Amounts falllng due wlthln one year 20 1124,1891 181,2811 Net current assets 2,667,152 2,537,299 Net assets 3,927,440 3,887,388 Funds of the iroup: Unrestrlcted Income funds Unrestrlcted 3,927,440 3,887,388 Total funds 23 3,927,440 3,887,388 These accounts are prepared in accordance wlth the special provisions of part 15 of the Companles Act 2006 relatlng to small companles and constitute the annual accounts required by the Companles Act 2006 and are for clrculation to members of the company. The financial statements on pages 21 to 47 were approved by the trustees, and authorised for Issue on J.1,:.7....&.S and $18ned on their behalf by: V Cooper Chair and Trustee J Thornton Treasurer and Trustee 23
BLEAKHOLT ANIMAL SANCTUARY (REGISTRATION NUMBER: 05434781) CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed assets Tangible assets Investments 14 1,260,288 l(K) 1,350,089 100 15 1,260,388 1,350,189 Current assets Debtors Investments 17 481,356 1,300,000 999,211 516,078 1,023,741 1,067,336, 18 Cash at bank and In hand 19 2,780,567 2,607,155 Credltors: Amounts fallln8 due wlthln one year 120,604 78,492 Net current assets 2,659,963 2,528,663 Net ass•ts 3,920,351 3,878,852 Funds of th• charlty: Unrestrlrted Income funds Unrestrlcted 3,920,351 3,878,852 Total funds 23 3,920,351 3,878,852 These accounts are prepared In accordance with the speclal provislons of part 15 of the Companies Act 2006 relatin8 to small companies and con5tltute the annual account5 required by the Companies Act 2006 and are for clrculatlon to rnernbers of the company. The financial statements on pa8es 21 to 47 were approved by the trustees, and authori5ed for issue on 7.:AS.. and slgned on their behalf by: V Cooper Chairman and Trustee J Thornton Treasurer and Trustee 24
BLEAKHOLT ANIMAL SANcfuARY GROUP CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flows from operatlng actlvltles Net cash income 40,052 102,972 Adjustments to cash flows from non-cash Items Depreciation Investment Income Loss on disposal of flxed assets held for the group's own use 93,022 154,182) 89,794 123,6921 1,0001 78,892 168,074 WorklnB capltal adjustments Decrease in stocks Decrease/(increasel in debtors Increase in creditors 16 149 35 17 20 34,722 42,908 {77,8961 10,574 Net cash flows from operatin8 activltles 156,671 100,787 Cash flows from Investlng actlvltles Interest receivable and similar income Purchase of tangible fixed assets Sale of tangible fixed asset5 54,182 13,221} 23,692 {32,4941 1,000 14 Net cash flows from investing actlv5tles 50,961 (7,8021 Net Increase In cash and cash equivalents 207,632 92,985 Cash and cash equivalents at l January 2,099,403 2,006,418 Cash and cash equivalents at 31 December 2S 2,307,035 2,099,403 Reconclllatlon of net cash flow to movement In net funds Increase In cash 207,632 92,985 Net funds at l January 2024 2,099,403 2,006,418 Net funds at 31 December 2024 2,307,035 2,099,403 All of the cash flows are derived from continuing operations during the above two periods. 25
BLEAKHOLT ANIMAL SANcfuARY CHARITY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flows from operatlng actlvltles Net cash income 41,499 102,898 Adjustments to cash flows from non-cash Items Depreciation Investment income 93,022 154,1821 89,794 123,6921 Loss on dlsposal of flxed assets held for the charlty's own use 1,0001 80,339 168,000 Workln8 ¢apltal adjustments Decreaselllncrease) In debtors Increase In credltors 17 20 34,722 42,112 177,7471 10,189 Net cash flows from operat5n8 actlvltles 157,173 100,442 Cash flows from Investln£ actlvltle5 Interest recelvable and slmllar income Purchase of tanglble fixed assets Sale of tangible fixed assets 54,182 13,2211 23,692 132,4941 1,000 14 Net cash flows from investing actlvlties 50,961 17,8021 Net Increase In cash and cash equivalents 208,134 92,640 Cash and cash equivalents at l January 2,091,077 1,998,437 Cash and cash equlvalents at 31 December 25 2,299,211 2,091,077 All of the cash flows are derived from continuing operatlons durlng the above two periods. 26
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I Charlty status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. If the Charity is dissolved each of the members is liable to contribute such sum (not exceedin8 £10) towards the assets of the Charity. The addre55 of its registered office is: Bury Old Road Edenfield Ramsbottom Bury Lancashlre BLO ORX 2 Accountlng pollcles Summary of slgnlflcant accountlng pollcles and key accountlng estlmates The princlpal accounting policies applied in the preparatlon of these financlal statements are Set out below. These po15cles have been consistently applied to all the years presented, unless otherwise stated. Statement ol compllance The flnanclal statements have been prepared In accordance with Accountin8 and Reporting bv Charltles: Statement of Recommended Practice appllcable to charities preparin8 their accounts In accordance wlth the Flnanclal ReportSng Standard appllcable in the UK and Republic of Ireland IFRS 1021 second editlon - October 2019 (Charities SORP {FRS 10211, the Financial Reportin8 Standard applicable In the UK and Republlc of Ireland IFRS 1021 and the Companles Act 2006 and UK Generally Accepted Accounting Practice. Basls of preparatlon Bleakholt Animal Sanctuary meets the definition of a public benefit entity under FRS 102. Assets and liabllities are initlally recognised at historical cost or transactlon value unless otherwise stated in the relevant accounting policy notes. Basls of consolldatlon These financial Statements consolidate the results of the charitable company and its wholly-owned subsidiary Bleakholt Shop Limited on a Ilne by line basis. No statement of flnancial activities is presented for the charity as permitted by section 408 of the Companies Act 2006. The charity made a surplus after tax for the financial year of £41,499 12023 a surplus of £102,898). 27
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Golng concern The trustees consider that there are no material uncertainties about the 8roup's abllity to continue as a going concern. There were no key judEements which the trustees have made which have a si8nificant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reportin8 date that have a significant risk of causing a material adjustment to the carryin8 amount of assets and liabilities within the next reporting period. Income and endowments All income is recognised when the charlty has entltlement to the funds, any performance conditions attached to the itemls} of income have been met, it is probable that the income will be received and the amount measured reliably. Income from government and other grants, whether 'capital' 8rants or 'revenue' grants, Is reco8nised when the charlty has entStlement to the funds, any performance condltions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. For legacles, entltlement Is taken as the earlier of the date on whlch elther: the charity Ss aware that probate has been 8ranted, the estate has been finalised and notification has been made by the executorls) to the charity that a dlstributlon wlll be made, or when a distributlon is received from the estate. Recelpt of a legacy, In whole or in part, Ss only considered probable when the amount can be measured rellably and the charlty has been notlfSed of the executor's Intention to make distribution. Where le8acies have been notified to the charlty, or the charity Is aware of the 8rantin8 of probate, and the crlterla for income reco8nStSon have not been met, then the legacy is treated as a contingent asset and disclosed if materlal. Where 8ifts In klnd have been made on trust for conversion into cash e.8. second hand goods for resale, the value of the glft Is included in the period in which it is 501d. The trustees consider that it Is not practicable to value those items awaiting sale at the balance sheet date and believe that the value of them would not be material to the accounts. Income received in advance of a provision of a speclfied servlce it is deferred until the criteria for income recognitlon are met. Grants recelvable Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Investment Income Interest on funds held on deposit is included when recelvable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 28
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture Expenditure is reco8nised once there is a legal or constructive obligatlon to make a payment to a third party, it is probable that settlement will be required and the amount of the obligatlon can be measured reliably. Expenditure is classified under the following actlvity headln85: Cost of raising funds comprise premises costs, the cost of employing charity shop staff, the cost of goods for resale and the costs of commercial trading and their associated support costs. Expenditure on charitable activities Includes the cost5 undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not fallln8 Into any other heading. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred, Support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and 80vernance costs which support the charity's programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 9. Tanglble flxed assets Individual fixed assets costlng £1,000 or more are capitalised at cost. Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated resldual value, over their expected useful economic life as follows: Asset class Freehold land Freehold buildin8 Stables, kennels, catteries Vehicles & equlpment Depreclatlon method and rate 2%150 years strai8ht Ilnel IO% {10 years Strai8ht line) 20% {5 years straight line) 29
BLEAKHOLT ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Flxed asset Investments Investments are a form of baslc financial instrument and are intially recognised at their transactlon value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market prlce. The statement of financial activities includes the net 8alns and losse5 arising on revaluatlon and dlsposals throughout the year. The charity does not acquire put optlons, derivatives or other complex flnanclal Instruments. The main form of flnancial risk faced by the charity Is that of volatillty in equity markets and investment markets due to wider economic conditions, the attitue of investors to investment risk, and chan8es In sentlment concerning equities and within particular sectors or sub sectors. Current asset Investments Current asset investment5 include cash Investments wlth a notice period of greater than one week and deposit accounts 5ntended to be held for the longer term. Stock Stock15 Included at the lower of cost or net reallsable value. In general, cost is determined on a flrst in, flrst out basls. Net reallsable value is the price at which stocks can be sold In the normal course of buslness after allowln8 for the cost5 of realisation. Provislon Is made where necessary for obsolete, slow movlng and defectlve stocks. Trade debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and cash in hand 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. Trade credltors Creditors and provisions are recognised where the charlty ha5 a present obligation resulting from 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. Fund structure Unrestricted income fund5 are available to spend on activities that further any of the purposes of the group. Deslgnated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to Use for a specific purpose. 30
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted income funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects bein8 undertaken by the charity. Flnanclal Instruments Cla55lflcotlon The charlty only has financial assets and financial liabillties of a klnd that quallfy as basic flnanclal instruments. Basic financial instruments are initially reco8nised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorti5ed cost Usln8 the effective interest method, Penslons Employees of the charlty are entitled to join a defined contrlbution 'money purchase, scheme. The charity's contrlbution is restricted to the contributions disclosed in note 12. There were £650 outstandlng contributions at the year end, The money purchase plan is managed by NEST and the plan Invests the contribution5 made by the employee and employer in an investment fund to bulld up over the term of the plan a penslon fund whlch Is then converted into a penslon upon the employee's normal retlrement year age when ell8lble for a state pension, The total expense ratlo of the plan is 0.3% and this is deducted from the Investment fund annually. The trust has no Ilabillty beyond making its contributions and paying across the deductions for the employee's contrlbutions. 31
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 3 Income from donatlons and legacles Unrestrlcted Total 2024 Desl8nated General Donations and le8acies; Donatlons Legacies 355,601 938,608 355,601 938,608 1,294,209 1,294,209 Unrestrlcted Total 2023 Desl8nated General . Restrlcted Donatlons and legacies; Donations 317,447 747,712 76 317,523 754,508 Legacies Grants, Includlng capltal grants; Grants from other charities 6,796 62,750 62,750 1,127,909 6,872 1,134,781 4 Income from charltable actlvltles Unrestrlcted Total 2024 Deslgnated General Rehomln8 cats & dogs 134,050 134,050 Grants Bolton Gulld of Help 10,000 10,000 144,050 144,050 32
BLEAKHOLT ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Total 2023 Des18nated General Rehomin8 cats & do85 108,584 108,584 Grants Bolton Guild of Help Audrey Emma Lamb Charltable Trust 10,000 I,(x)o 10,000 1,000 119,584 119,584 5 Income from other tradlnB actlvltles Unrestrlcted Total 2024 Desl8nated General Turnover of Bleakholt Shop Charlty shops Open days & stalls Tearoom sale5 Member5hlp Sundry 31,434 31,434 229,179 14,099 26,256 1,175 35,459 229,179 14,099 26,256 1,175 35,459 306,168 31,434 337,602 Unre5trlrted Total 2023 Deslgnated General Turnover of Bleakholt Shop Charity shops Open days & stalls Tearoom sales Membership Sundry 30,489 30,489 179,043 18,969 23,551 1,180 54,292 179,043 18,969 23,551 1,180 54,292 277,035 30,489 307,524 33
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 6 Investment Income Unrestrlcted Total 2024 Deslgnated General Other investment Income 54,182 54,182 Unrestrlcted Total 2023 Deslgnated General Other Investment income 23,692 23,692 All of the charlty's Investment income arises from money held In interest bearln8 deposlt accounts. All investment income is unrestricted. 7 Expendlture on ralsln8 funds Unrestrlcted Total 2024 Deslgnated General Premises costs 60,518 6,393 11,118 1,4QQ 61,918 6,393 11,118 21,469 Goods for resale Sundry Tradin8 subsidiary costs 21,469 78,029 22,869 100,898 Unrestrlcted Total 2023 Deslgnated General Premlses Costs 38,733 7,405 9,936 1,400 40,133 7,405 9,936 19,258 Goods for resale Sundry Trading subsidiary costs 19,258 56,074 20,658 76,732 34
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8 Expendlture on charltable activltles Unrestrlcted funds Des18nated General Total 2024 Staff costs Animal feed, cleaning & other Vetlnary fees Premises cost5 Office & adminlstration 832,444 85,465 366,379 174,654 58,657 19,003 43,727 93,022 5,730 832,444 85,465 366,379 174,654 67,319 19,003 45,077 93,022 5,730 8,662 Insurance Le8al & professional Depreciation Governance cost5 1,350 Total for 2024 1,679,081 10,012 1,689,093 Unrestrlcted funds Desl8nated General Restrlcted funds Total 2023 Staff costs Anlmal feed, cleanin8 & other Vetlnary fees Premises costs Off ice & administration Insurance Legal & professional Depreciatlon Loss on dlsposal Governance cost5 717,452 60,243 258,996 158,007 44,708 15,093 34,992 89,794 11,0001 6,170 717,452 61,743 269,161 158,007 53,315 15,093 36,142 89,794 11,000) 6,170 1,500 10,165 8,607 1,150 Total for 2023 1,384,455 9,757 11,665 1,405,877 35
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 9 Analysls of 8overnance and support costs Governance costs Unrestrlcted Total 2024 Desl8nated General Audit of the financlal statements 5,730 5,730 5,730 5,730 Unrestrlcted Total 2023 Deslgnated General Audit of the financlal statements 6,170 6,170 6,170 6,170 Basls of apportlonment Is Governance. 10 Net Incomlng/out8oln8 resources Net Incoming resources for the year include: 2024 2023 Audit fees 5,730 93,022 6,170 89,794 Depreciatlon of flxed assets 11 Trustees remuneratlon and expenses Nelther the management commlttee nor any persons connected with them recelved any remuneratlon or reimbursed expenses during the year12023: £Nill. No member of the management committee received travel and subsistence expenses durlng the year {2023: £Nill. There are no donations from related parties whlch are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charlty had any personal interest in any contract or transactlon entered into by the charity, includln8 guarantees, during the year {2023'. £Nil), 36
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs durln8 the year were: Wa8es and salaries Soclal securlty costs Pension costs 764,877 50,132 17,435 661,512 40,085 15,855 832,444 717,452 No employee recelved emoluments of more than £60,000 durln8 the year. The average number of staff employed by the 8roup during the period was 39.3012023: 38.09). The average full time equlvalent number of staff employed by the group durlng the period was 35.31 12023: 33.15). There were no staff employed by the subsidiary. The key management personnel of the charlty compr5se the Sanctuary Manager and Deputy Manager. The total employee benefits of the key mana8ement personnel of the charity were £68,84712023 - £65,684). 13 Taxatlon The charlty is exempt from tax on income and gains fallln8 Withln Chapter 3 of Part 11 of the CpJfPOf6tioTh T6x AEt IrJio E¥r SeEtioTh IS6 of the of Chèf%eilale IK£t l891 to eKCeTht that these are applied to its charitable objects. No tax charges have arisen in the charity. The charlty's trading subsidiary Bleakholt Shop Llmited 81ft aids available profits to the parent charlty. Its charge to corporation tax in the year wa5 £Nil12023: Nill. 37
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tan8lble flxed assets Group Stables, kennels catterles & flxtures Vehlcles & equlpment Freehold land and buildlngs Total Cost At l January 2024 Addltlons 134,707 757,629 1,663,464 2,555,800 3,221 3,221 At 31 December 2024 134,707 757,629 1,666,685 2,559,021 Depreclatlon At l January 2024 Charge for the year 108,339 5,702 597,706 55,382 499,666 1,205,711 31,938 93,022 At 310ecember 2024 114,041 653,088 531,604 1,298,733 Net book value At 31 December 2024 20,666 104,541 1,135,081 1,260,288 At 31 December 2023 26,368 159,923 1,163,798 1,350,089 38
BLEAKHOLT ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charlty Stables, kennels catterles & flxtures Vehlcles & equlpment Freehold land and bulldlngs Total Cost At l January 2024 Addltions 134,707 753,458 1,663,464 2,551,629 3,221 3,221 At 31 December 2024 134,707 753,458 1,666,685 2,554,850 Depreclatlon At l January 2024 Charge for the year 108,339 5,702 593,535 55,382 499,666 1,201,540 31,938 93,022 At 31 December 2024 114,041 648,917 531,604 1,294,562 Net book value At 31 Oecember 2024 20,666 104,541 1,135,081 1,260,288 At 31 December 2023 26,368 159,923 1,163,798 1,350,089 39
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 IS Flxed asset Investments Charlty 2024 2023 Shares Sn group undertakings and particlpating interests ICM) loo Shares In group undertaklngs and partlclpatln8 Interests Unllsted shares In Bleakholt Shop Llmlted Total Cost At l January 2024 100 100 At 31 December 2024 i(x) 100 Net book value At 31 December 2024 100 100 At 31 December 2023 lox) 100 40
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Subsldlarles The Charitable company owns the whole of the issued ordinary share capital of Bleakholt Shop Limited, a company registered in En8land, company number 3592986. The subsidlary is used for non-primary purpose trading activitles. Avallable profits are gift aided to the charitable company withln 9 months of the year end. Subsequent to FRC 8uSdance on the application of FRS102, Bleakholt Shop no longer accrues the gift aid in the accounts in which the profit was made. A summary of the results of the subsidiary Is shown below: 2024 2023 Proflt and loss account Turnover 31,434 121,3791 {2,9661 8,5361 (1,4471 30,489 119,2581 12,695) 8,4621 Cost of sales Administration costs Donatlon to parent charlty 74 2024 2023 Balance sheet Current assets Creditors: Amounts fallln8 due wlthin one year 11,409 4,220 12,060 3,424 7,189 8,636 Called up share capital Proflt and loss account 100 100 7,089 8,536 7,189 8,636 41
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16 Stock Group Charlty 2024 2023 2024 2023 Stocks 3,485 3,634 17 Debtors Group Charlty 2024 2023 2024 2023 Due from group undertakings VAT recoverable Other debtors & prepayments 535 535 22,309 458,512 17,608 497,935 22,309 458,512 17,608 497,935 480,821 515,543 481,356 516,078 18 Current asset Investments Group Charlty 2024 2023 2024 2023 NS&I account Sklpton Bulldlng Soclety 3 year flxed bond NS&I guaranteed income bond Cambridge and Counties Treasury Deposlt 182,733 182,733 41,008 50,000 250,000 500,000 41,008 50,000 250,000 500,000 50,000 250,000 1,000,000 so,000 250,000 1,000,000 1,300,000 1,023,741 1,300,000 1,023,741 19 Cash at bank and In hand Group Charlty 2024 2023 2024 2023 Short term cash investments (less than 3 months maturity date} Short-term deposits Cash at bank 171,515 844,446 59,701 171,515 844,446 51,375 888,352 118,683 888,352 110,859 1,007,035 1,075,662 999,211 1,067,336 42
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 20 Credltors: amounts fallln8 due wlthin one year Group Charlty 2024 2023 2024 2023 Trade credltors Other taxation and soclal security Other creditors Accruals 50,008 35,623 48,973 35,284 12,713 14,926 46,542 10,177 850 34,631 12,713 14,926 43,992 10,177 850 32,181 124,189 81,281 120,604 78,492 21 Obll8atlons under lea$ and hlre purchase contrarts Operatlng lease commltments Total future mlnlmum lease payments under non-cancellable operatlng leases are as follows: 2024 2023 Land and bulldln8S WithSn one year Between one and five years 28,104 21,875 7,880 10,200 49,979 18,080 22 Contlngent assets Group As at the period end the charity has been notlfied of £354,150 of legacies the value of whlch are uncertain. These legacies have not been recognised in the accounts. 43
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 The specific purposes for whlch the funds are to be applied are as follows, Contlnulty fund The free reseples after allowing for all designated funds. Continuity fund Is a general reseprfe which will enable the charity to continue providing its servlces In the event of a significant drop in funding. Bleakholt Shop This is the workin8 capital of the trading subsidlary. Development fund Thls fund has been ring-fenced for the development and refurblshment of the sanctuary. Flxed asset fund This fund represents the net book value of flxed assets already held. Whllst the value of these assets 15 included within the total funds of the charity, they do not represent liquid/expendable amounts and should be se8re8ated accordin81y. 24 Analysls of net assets between funds Total funds at 31 December 2024 Unrestrlrted funds General Des18nated Tan8lble flxed asset5 Current assets Current liabilltles 1,260,288 1,160,063 1,260,288 2,791,341 1124,189) 1,631,278 1124,1891 Total net assets 1,507,089 2,420,351 3,927,440 Total funds at 310ecember 2023 Unrestrlrted funds General Deslgnated Tan8lble flxed assets Current assets 1,350,089 1,028,763 1,350,089 2,618,580 181,2811 1,589,817 (81,2811 Current liabilities Total net assets 1,508,536 2,378,852 3,887,388 46
BLEAKHOLT ANIMAL SANcfuARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 25 Cash and cash equlvalents Group At l January 2024 At31 December 2024 Note Cash flow Cash at bank and in hand 19 1,075,662 1,023,741 168,627) 276,259 1,007,035 Current asset investments 18 1,300,000 2,099,403 207,632 2,307,035 At l January 2023 At31 December 2023 Cash flow Cash at bank and In hand 19 1,734,249 1658,587) 272,169 751,572 1,075,662 Current asset Investments 18 1,023,741 2,006,418 92,985 2,099,403 Charlty At l January 2024 At31 December 2024 Note Cash flow Cash at bank and in hand 19 1,067,336 1,023,741 168,125) 276,259 999,211 1,300,000 Current asset Investments 18 2,091,077 208,134 2,299,211 At l January 2023 At31 December 2023 Cash flow Cash at bank and in hand 19 1,726,268 {658,9321 272,169 751,572 1,067,336 Current a55et investments 18 1,023,741 1,998,437 92,640 2,091,077 47