REGISTERED CHARITY NUMBER: 1113924 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 FOR CLARKS FARM GREYHOUND RESCUE Wilson Devenish 67 Newland Street Witham CM8 IAA
CLARKS FARM GREYHOUND RESCUE CONTEiYfs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Page Report of the Trustees Independent Examlner's Report Statement of FlnAnclal Actlvltles Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement Iyotes to the FlnY4nclal Statements 9 to 14 Detalled Statement of Flnanelal Actlvltles 15 to 16
CLARKS FARM GREYHOUND RESCUE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 The trustees present their report witli the financial statemaits of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Rcporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordancc with the Finaiicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {cffcctive l Janiiary 2019). OBJECTIVES AND ACTIVITIES Objectives aDd afims The Charity's purposes are to rehome ex-racing greyhounds and to assist greyhounds who nced care or attention for the benefit of the animals and breed. We rehome the majority within Essex and surrounding counties, but also home those from around the UK and as far away as France. We attempt to accept as many greyhounds as possible. The Charity finds good and suitable homes for each greyhound iii its care. The Charity carries out all neccssary checks on families. and their properties. prior to taking grcyhounds liome as pets tind give oiigoing assistance to owners whcrever i-equired. Where the home is not successful, thc Charity will accept thc greyhound back into its care. We work hand-in-hand with Eiitain (who own scvcral racctrack5, including Crayford, who the charity primarily rehonie for), indepcndcnt grcyhouiid trainers, and mcmbcrs of the public. All greyhounds are n¢utered. vaccinated. groomed. and treated for parasites before homing. Th¢ Charity tak¢s work placemeiit students from local schools. colleges, and univ¢rsiti¢s and providcs its staff with on80ingv training as rcquircd. Thc Charity meets its aims that it was creatcd to do and the Trustecs rcgjards it as succcssful and corAtinu¢s to ¢¢1 in mceting th¢ nccds ot'rctircd greyhounds cach ycar. Revlew of a¢tlvltles We review our activilics annually to ensiire wc aehicve our aims. This review looks at what we achieved and the outcoines of our work iIi the previous 12 montlis. Thc charity now has an onsitc physiotherapy clinic to rthcr cnhancc the carc of thc greyhounds. The charity has various volunteers who help n)akc this happcn. They assist with day-to-day tasks such as walkiiig the dog>s, carrying out home ¢heck5 and hclping clcan and fced the dogs. They also assist witli all coinmunity outreach such as awarcness promotion, school or group talks and assis( when we host our aniiual fun dog show. Thc Lharily take in stray dogs from the lo¢al area and plac¢ th¢s¢ with othcr suitablL cl]arities be homed. The focus of our work Our maln objcctivcs conliiiuc to be thc care of retircd g)rcyhounds and to rehome them into appropriate and sound homcs. The strategies we used to meet these objectives included.. a) Rai.sing public awareness of our cxistcncc ]d thc facxliti¢slscrvic¢s that w¢ provide, through adv¢rtising. w¢b, aiid social media. b} Maintaining contacts with other local charities and ag¢n¢ies involvcd in similar activitics. c) ¢rcattng a managed pool of volunteer foster homes, where animals could be located as ll half-way house between the rehoming centre and new adoptive homc. or as a l¢ss strcssful cnvironment espccially for dogs who could not copc with rescuc cciitrc surroundings; d) maintaining a managed pool of volunt¢¢rs who assist paid staff with all aspects of the greyhounds care and community outreach activities" e) provision of comprehensive veterinary treatment for all animals in our care; fj giving talks or attending local shows to raise awarcness of the br¢¢d and tlicir suitability as family pets. g) the expansion and improvement of cxisting facillties and servic¢s. h) in discussions for developing a sanctuary. Thc charity now r¢gularly operates at maximum holding capacity. Page I
CL4RKS FARM GREYHOUND RESCUE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 0ECTIVEs AND ACTWITIES Volunteers The Tnte¢S thank all involved in the charities contiiiued success. This includes. staff, volwiteers, accowitants. the greyhound industy, vets, and all others that are involved or support the Charity. The Trustees also extend IheiT thanks to all that donate on a ongoing tnonthly basis and to all OUT friends who have passed away, leaving us a legacy or collections from their lleral scrvices. FINANCIAL REVIEW Ffinanelal pDsfitlDn The Chaiity is finallcially sound. Its revcnues come from many sourc¢s such as the Monthly Donation Assistance from thc greyhound industry and donations from rehomiiig greyhounds as pets. The Charity also applics foT grants for projects to benefit and grow the fa¢ilitics to bcttcr aGhicvc its airns. We have been foriunatc that we have had legacies and funeral donations made to the charity. The Trustccs do not take any paym¢nt for theii. roles as Trustee. We receive ndIng through legacies and funeral donations bul Cannot rely on these solely. Additional donations are bi-oughc in as a rcsult of social media campaigms and tiindizising efforts which allow us to pay our ongoing vel bills. Reserves pollcy Thc Charity alms to keep a rcserve of ndS to ensure that in difficult times it is ablc to Lontinue it's work. Thc aim is to have sufficient tunds to cover at minimum, a pcriod of 6 montlis ongFoing running costs. STRUCTURE, GOVERNANCE AND MAIYAGEMEI¥4T Governfng document The charity is controlled by its govLrning docum¢nt, a dccd of trust and constitutes an unlncorporated charity. OrganlsAdonAI strueture Thc day to day running of thc Sanctuary is managed by a Centre Manager assistcd by a thll time and part time Kcnnel Hai)d. This is overs¢cn by the Trustees. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 1113924 Prlnclpal Y4ddres5 Clarks farni Wash Lane Littlc Totham Maldon 5sex CM9 8LX Trustees S Cobb Ms J Hugh¢s (resigned 20.3.24) Ms E GNender E Patnior¢ (appointed 28.3.24) Ms N Ward (appointed 28.3.24) Independent Examiner S. Chong, FCA Wilson Devenish 67 Newland Street Witham Essex CM8 IP Page 2
CLARKS FARM GREYHOUND RESCUE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024 Approved by OTder of the board of trustees on 26 February 2025 and sign¢d on its behalf by: S Cobb - TNst¢¢ Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLARKS FARM GREYHOUND RESCUE Independent examiner's report to the trustees of Clarks Farm Greyhound Rescue I report to the charity trustees on my examination of the accoullts of C1kS Farni Greyhound Rescue (the Trust) for the year ended 30 April 2024. Responsibl]itles and basls 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 r¢sp¢¢t of my cxamination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my exanlination I have followed all applicable Directions given by the Cliarity Commission under Section 145{5)(b) of the Act. Independent examlner's statement Since your charity's gross incotne exceeded £250,000 your examiner tnust be a member of a listed body. I can confimi that l am qualified to undertake thc examination bccause l am a member of thc Institute of Chartered Accountants in England and Walcs, which is one of the listed bodies. I have completed niy examin¢ltion. l Lonfirm th¢lt no mat¢rial matters have come to my attention in conn¢ctioii with th¢ examination giviiig me caiise to believe that in any mat¢rial respect: accounting records w¢re not kcpt in rcspcct of the Trust as required by Scction 130 ot-the Act. or thc accounts do not accord with those r¢cords; or thc accounts do not comply with the applicabl¢ rcquirem¢nts con¢¢niing the form and coiitcnt of accoui)ts set out in thc Charitics (Accounts and Rcports) Regulations 2008 other tlian any rcquircmcnt that th¢ accounts give a tNc and fail. vicw which is nol a matter considcrcd as part of an indcpendent cxamination. I have no con¢¢nis and havc comc across no otlicr niattcrs in conncction with thc cxaminalion to which attention should bc drawn in this rcport in order to cnablc a proper undcrstsnding of the accounts to bc rcached. S. Chong, FCA The Institute of Chartered Accountants in England aiid Wales Wilson Devenish 67 N¢wland Street Witham Essex CM8 IAA Date..11. fth. .ts.C............ Page 4
CLARKS FARM GREYHOUND RESCUE STATEMENT OF FINANCIAL ACTtvtTIES FOR THE YEAR ENDED 30 APRIL 2024 2024 Unrestrlcted fund 2023 Total funds Notes INCOME AI¥D ENDOWMENTS FROM Donations and legacics 279,609 211,822 Other trading activities Invcstmenl incomc 28,175 24,096 27,720 29,734 Totfdl 331,880 269.276 EXPENDITURE ON Charltable actirftics Charitable expenditurc 252,099 227,793 Other 6,883 6,494 Total 258,982 234.287 NLI gains on investments 68,410 NF.T INCOMF. 141,308 34,989 RECONCII.TATTON OF FUNDS Total fuiids brought tonvard 844a27 809,338 TOTAL FUNDS CARRIED FORWARD 985,635 844,327 The notes forni part of these financial statements Page 5
CLARKS FARM GREYHOUND RESCUE BALANCE SHEET 30 APIUL 2024 2024 Unrestrieted fund 2023 Total funds Notes FIXED ASSETS Tangible assets Investment property io 17,291 292,044 24,825 592,044 309,335 616,869 CURRENT ASSETS Debtors Cash at bank 12 222,500 464J78 207,913 30,061 686,878 237,974 CREDITORS Amounts falling du¢ within one year 13 (10,578) (10,516) NET CURRENT ASSETS 676,300 227,458 TOTAL ASSETS LESS CURRENT LIABILITIES 985,635 844,327 NET ASSETS 985,635 844,327 FUNDS Unrestricted funds 14 985,635 844,327 TOTAL FUNDS 985,635 844,327 The financial stat¢m¢nts w¢re approved by ¢he Board of Trustees and authorised for issue on 26 February 2025 and were SlgFncd on its behalf by.. S Cobb - Trustce Th¢ notes fomi part of these financial statements Page 6
CLARKS FARM GREYHOUND RESCUE CASH FLOW STATEMENT FOR THE YEAR EM)ED 30 APRIL 2024 2024 2023 Notes Cash flows from operydting octivitle5 Cash gcnerated from operations 59,489 (142,245) Net cash provided byl(us¢d in) operating activities 59,489 (142,245) Cash flows from Investlng Aetlvltles Purchase of tangible fixed assets Sale of tangFiblL fixcd assetq Sale of investment propcrty Infrrest received (5,048) 2,OlJO 368,410 4,418 1,839 Net cash provided byl(us¢d in) invcstingj activities 374,828 (3,209) Change In cash and cash equlvalents In the repurtlng perlod Cash and cash equlvalents at the beglnnlng of the reportlnx perlod 434,317 (145,454) 30,061 175,515 Cash and cA$h equlvalents at the end of the reportlng perlod 464,378 30,061 The notes forn) part of thcsc financial 5tat¢m¢nts Page 7
CLARKS FARM GREYHOUND RESCUE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR EN'DED 30 APRIL 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Income for the reportlng perlod {as per the Statement of Flnanelal Actfivltfes) Adjustments for: Depreciation charges IA)sses on invcstments Profit on disposal of fixed assets Interest received Increase in debtors Increase in creditors 141 J08 34,989 6J36 {68,410) (800) (4,418) (14,589) 62 6,736 (1,839) (183,243) 1,112 Net cash provlded byl(used In) operatlons 59,489 (142,245) ANALYSIS OF CHANGES tN NET FUNDS Ac 1.5.23 Cash flow At 30.4.24 Net cash Cash at bank 3U,IJ61 434,317 464,378 30,061 434,317 464,378 Total 30,061 434J17 464,378 The notes fonn part of these financial statements Page 8
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCLIL STATEMENTS FOR THE YEAR ENDED 30 APIUL 2024 ACCOUNTING POLICIES Basls of prepydring th¢ financial statements Th¢ financial statements of tlie charity. which is a public benefit entity under FRS 102, have been prepar¢d in accordance with the Ciiarities SORP {FRS 102) 'Accounting and Reporting by Charities.. Stat¢m¢nt of . Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Fiiiancial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Irelaiid, and the Charitics Act 2011. Th¢ financial statements havc bccn prcpared under the historical cost convention, as modified by the revaluation of certain asscts. Income All income is Tecogniscd in Éh¢ Ststement of Financial Activitics oncc the charity has entitlement to the fijnds. it is probable that the incomc will be received and thc amount can be mcasurcd reliably. Expendlture Liabilities are recogniscd as expenditur¢ as soon as there is a Icgal or constructive oblisTation committing the harity to that expei)diturc. it is probablc that a transfer of economic bcnctits will b¢ r¢quir¢d in settlement and th¢ amount of thc obligyation can be measured reliably. Expcnditurc is accounted for on an accruals basis and has been classificd under headings that aggrcgatc all cost relutcd to the categyory. Whei'e costs cannot bc dircctly attributcd to particular li¢adings tliey have been allocatcd to aclivities on a basis consistcnt with thc use of resourc¢s. Tanglble flxed assets Dcpreciation is provid¢d at the following annual rates iii ordcr to write oty each assct ovcr its estimated usefijl lif¢. Improvemeiils lo propcrty Planl and machincry Motor vehi¢lcs 5010 011 cost 201/b D on Cost 20'/L) on cost Investment property Invcstment property is shown at mosl recent valuation. Any aggregate surplus or dcficit arising from chdnge8 Ill fair value is rccobpnised in profit or loss. Taxatlon The charity is exempt from tax on its charitablc activÈties. Fund accountlng Unrestricted ftds can be us¢d in accordaiice with the charitable objectives at thc dis¢r¢tion of the twstees. Restricted ndS can only b¢ used for particular restricted purposes within th¢ objects of the charity. Restrictions arise whcn spccificd by the donor or when thnds arc raiscd for particular restrict¢d puryyoses. Further explanation of the nature and puryyose of each fund is includ¢d in the notes to the financial statements. Government grants Income from government grants are r¢cognis¢d in the profit & loss account for the period in which the related expenditure occurred. Page 9 continued...
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCLIL STATEMENTS - eontfinued FOR THE YEAR ETr4DED 30 APRIL 2024 DONATIONS AND LEGACIES 2024 2023 Legacy donation General donationslfundraising 76,804 202,805 211,822 279,609 211,822 OTHER TRADING ACTIVITIES 2024 2023 Fees charged to local coll¢g¢ 28,175 27,720 INVESTMENT INCOME 2024 2023 Rcnts rcccivcd Deposit account interest 19,678 4,418 27,895 1,839 24,096 29,734 CHARITABLE ACTlVtTIES COSTS Support costs (scc note 6) Charitablc cxp¢nditure 252,099 SUPPORT COSTS Managem¢nt Financ¢ Totals Charitable expenditurc 250,110 1,989 252,099 TRUSTEES, REMUNERATION AND BENEFITS Thcr¢ wcrc no trnsfres, remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023. Trustees, expenses Exp¢nscs that Wds incwrcd on behalf of the charity was relmbursed to Steve Cobb during the course of the year. Page 10 continued...
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 STAFF COSTS 2024 2023 Wages and salari¢s 86,729 47,415 86,729 47,415 The average monthly number of employees during the year was as follows.. 2024 2023 Dog handlers & kennel maintenance staff No cmployees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCiAL ACTIVITIES Unrestricted nd INCOME AND ENDOWMENTS FROM Donations and l¢gacics 211,822 Other trading a¢liviti¢s Investment incomc 27,720 29,734 Total 269,276 EXPENDITURE ON Charltable actlvltles Charitablc expenditure 227.793 Other 6,494 Total 234,287 NET INCOME 34,989 RECONCILIATION OF FUNDS Total funds brouglit fonvard 809,338 TOTAL FUNDS CARRIED FORWARD 844,327 Page 11 continued...
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024 io. TANGIBLE FIXED ASSETS Improvements to Property Plant and machinery Motor vehicles Totals COST At l May 2023 Disposals 10,317 6,849 24,248 (2,000) 41,414 {2,000) At 30 April 2024 IOJ17 6,849 22,248 39,414 DEPRECTIoN At l May 2023 Chargc for year Eliminatcd on disposal 2,430 1,369 9,000 4,449 {800) 16,589 6,334 (800) 516 At 30 April 2024 5,675 3,799 12,649 22,123 NET BOOK VALUE At 30 April 2024 4,642 3,050 9,599 17,291 At 30 April 2023 5,158 4,419 15,248 24,825 il. TNVESTMENT PROPERTY FAIR VALUF At l May 2023 Disposals 592,044 (300,000) At 30 April 2024 292,044 NET BOOK VALUE At 30 April 2024 292,044 At 30 April 2023 592,044 Investment property was valued on an opcn rnarkct basis on 30 April 2024 by the Trustees. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 222,500 207,913 Page 12 continued...
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 30 APRIL 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Other creditors 5,517 5,061 188 10,328 10,578 10,516 14. MOVEMENT IN FUNDS Net movement in fLmds At 30.4.24 At 1.5.23 Unrestrlcted funds General fijnd 844J27 141,308 98$,635 TOTAL FUND 844,327 141J08 985,635 Net mov¢mcnt in funds, included in the abovc are as follows.. Incoming resourL¢s ResourLLs expended Gains and losses MovLmcnt in ndS Unrestrlcted funds Gcncral fund 331,880 (258,982) 68,410 141,308 TOTAL FUI¥4DS 331,880 (258,982) 68,410 141,308 Comp*r¥dtlves f(br movement In funds Nct rnovem¢iit in fimds At 30.4.23 At 1.5.22 Unrestricted funds Gcncral fund 809.338 34,989 844,327 TOTAL FUNDS 809,338 34,989 844,327 Comparative n¢t mov¢m¢nt in llds, Ancluded in the above ar¢ as follows: Incoming resources Resources expendcd Movement in funds Unrestricted funds General fund 269,276 (234,287) 34,989 TOTAL FUNDS 269,276 (234,287) 34,989 Page 13 ontinued...
CLARKS FARM GREYHOUND RESCUE NOTES TO THE FINANCIAL ST ATEMEF4TS - contlnued FOR THE YEAR ENDED 30 APRIL 2024 14. MOVEMENT IN FUNDS - contlnued A cUeNt year 12 months and prior year 12 moiiths combined position is as follows.. Net movement in funds At 30.4.24 At 1.5.22 Unrestrlcted funds General fiwd 809,338 176.297 985,635 TOTAL FUNDS 809,33t4 176.297 985,635 A Cuent ycar 12 months and prior year 12 months combin¢d net movement in funds, included in the above ar¢ as follows: Incoming rcsources Resources expend¢d Gains and losses Movement in funds Unreslrlcted funds G¢ncral fwid 601,156 (493,269) 68,410 176.297 TOTAL FUNDS 601,156 {493,269) 68,410 176,297 15. RELATED PARTY DISCLOSURES Duriiig the ye¢ir. dog kennclling and rclated rental chargcs amounting to £30,000 was payable to S Cobb. a trust¢¢ of Clarks fai'm Grcyhound Rescue. As at the balance sheet dat¢. othcr dcbtor5 in¢lud¢d a balance of £61,839 owcd by Clarks Farm Grcyhound {Essex) Ltd, a company controllcd by Mr S Cobb, a trustcc of the Charity. Interest was charged at a commercial ratc on this loan. This loan ha5 b¢¢n r¢paid in full aftcr the balaiice sheet dat¢. Othcr debtors also included a deposit of £160,000 paid to Mr S Cobb in respcct to the pur¢has¢ of land and buildiiigFs fTom the Trustee. Thc Charity chargjed interes¢ at a commercial rat¢ oll this deposit, covering the period up until the date of complction of thc purLhase of the asset. Page 14
CLARKS FARM GREYHOUND RESCUE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024 2024 2023 INCOME AND ENDOWMENTS DonAtions and legacle$ L¢ga¢y donation General donationslfundraising 76,804 202,805 211,822 279,609 211.822 Other tradlng aetlvllles Fees charged to local collcgc 28,175 27,720 Investment Income Rents received Deposit account fftnt¢resl 19,678 4,418 27,895 1,839 24,096 29,734 Totfdl Incomln£ resources 331,880 269,276 EXPF.NDITURE Other Property mainienancc costs Properly management fccs Propcrty scrvice charge Pi'operry growid rent Pi'opcrly sundry cxpcnses 738 1,699 3.06S 32 1,061 22 1,428 3,582 3211 342 6,883 6,494 Support co.sts MAllA%em¢nt Wages Officc and utiliti¢s Vct fccs and inaintenance of surgery Postagc and stationery Kciinclling costs Travcl and motor expense5 mprovements to propcrty Plant and miichinery Motor vehicles Loss on sale of tangible fixed assets 86,729 15,637 05,93V 1,107 67,025 8,146 516 1,370 4,450 (800) 47,415 16,891 84,582 315 64,930 5,200 516 1,370 4.850 250,110 226,069 Finance Bank charges 1,989 1,724 Total resow'ces expended 258,982 234,287 Net Income before gains and10s5es 72,898 34,989 This page does not fonn part of the statutory financial statements Page 15
CLARKS FARM GREYHOUP4D RESCUE DETAILED STATEMEFqT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 30 APRIL 2024 2024 2023 Reallsed reeognlsed gydlns and losses Realised gainsl{losses) on investsnent property 68,410 Net ineome 141,308 34.989 This page does not fom) part of the statutory financial statements Page 16