COMPANY REGISTRATIO, NUMBER 05926205 REGISTERED CHAIUTY NUMBER 1117372 bLw STRI8¥41 THE NORTH EAST DOGS & CATS HOME STRAY AID LTD (A COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS 31ST MARCH 2024 BELL TINDLE WILLIAMSON LLP Chartered Accountants and Registered Auditors The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 IAY
STRAY AID LTD A COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31ST MARCH 2024 CONTENTS Report of the Tnlee5 Independent Examinees Report to the Trustees io Statement of Financial Activities Balance Sheet 12 Notes to the Financial Statements 13-22 ThefollowiAgpages do noiform part of ihefinaneial statements Detailed Analysis of Income and Expenditure 23-24
Page I STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The trnstees are pleased to present their annual directors, report together with the fllwicial staiements of th¢ charity for the year ending 31st March 2024 which are also prepared to meet the requirements for a directors, report and financial statements for Companies Aci purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Asso¢tation, and the charities Statement of Recommended Practice (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. FRS 102) issued in October 2019. Foreword This has been a very challenging year for Animal Welfare. with unprecedented demand for our services. Combined with the cost of living crisis and the XL Bully ban, it has been an extremely challenging year across the sector. The pressure on household fmances and people working longer hours has also impacted the number of people able to rehotne. Weathering the perfect stonn has certainly meant our team have had to work hard to get dogs out of kennels and into new hornes. The board of trustees remain extremely grateful to the many supporters whose donations help the charity to continue il's vital worL offering a lifeline lo hundreds of animals in need across the North East of England. Our Pur oses and Aetivities Purpose The objects of the charity are for the benefit of the public to provide and maintain rescue homes or other facilities for the reception, care and tr¢atmenl of stray and abandoned dogs and unwant¢d cats in need of care and attention. Stray Aid Lid also promotes bun]ane behaviour towards animals by providing appropriate care, protection. treatment and security for animals which are in need of care and attention by reason of sickness, mal treatment, poor circumstances or ill usage. It also educates the public in matters pertaining to animal welfare in general and in the pTevenlion of cruelty and suffering arnong animals. The charity also actively seeks to reduce the number of stray dogs put to sleep by re-homing them. This is achieved by taking Care of the dogs welfare by providing a secure and safe environment until such times as they can be re-homed. Ensuring Our Work Delivers OurAims We review our aims, objectives and activities each year. Thts review looks at what we have achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits that they have brought to those groups of people we are set up to help. The review also helps us to ensure that our aims, objectives and activitkes have remained focused on our sLqled purposes. We have referred to guidance contained in the Charit5Ps Comn]ission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular. the trustees consider how planned activities will contribute to the aims and objeclives they have s¢1. The Focus of our Work Our main objectives for the year continued to be the promotion of the safety and welfare of animals. The strategies used to meet these objectives included:
Page 2 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Our Pur oses and Aelivitl¢S (¢OnliMtsed) Thé Focus of our Work (conlinued) Rescuing and re-homing a substantial number of Cats and stray dogs. Promoting the issues and problems concerning cats and stray dogs and holding events to make the public aware of these issues. Micro chipping dogs in the County Durham Area. to provide a profile of these dogs. Holding a number of fundraising activities throughout the year to raise much needed fimds to provide high standard facilities for the rescued allnls. Running charity shops and selling donated goods to members of the public to raise additional funds for the charity. Using social rnedia, including FacebooL X. Instagrdm and Tik Tok to raise the profile of the charity. Hojv Our Activities Deliver Public Benefit Our main activities and who we lry to help are described below. All our charitable objectives focus on helping anirnals in need. Who Used and Benefittedfrom Our Servicesy There are many people and animals during the last year who have benefitted from the services offered by the charity. A large number of animals were either successfully re-united with their owners or were rescued and successfully re-homed with other families. Whilst staying at the rescue centre, all animals are extremely well looked after. living in modern facilities and receiving all of the medical treatment that they require. For more inforntiOll about the services offered by the charity or for details on the stray aninMls currently at the rescue centre then please visii the charilgs website at ivww.strdyaid.org.uk Achievements and Performance The charity continues to grow and is pleased with the progress it has made during a year that has seen the UK in the Midst of a cosl of living crisis and economic and political uncertainty. Stray Aid never forgets how fortunaie we are to have such loyal and generous supporters who continue to donate and raise funds for the charity. At a time when a lot of charities are having lo make significant cuts to their services, and many are not able to continue. As the North East Dogs & Cats Hon]e, we are proud to have helped 1,139 dogs and 49 cats this year. This year we have continued to make improvements to the kennels and we have also installed a new woodcbip boiler. This ensures we have consistent heat and hoi water across our entire 51te. The boiler is much more efficient than the old oil boilers and helps towards a more sustainable future. We have also installed a dog bath, which has enabled us to give much needed medicated baths to the dogs who have arrived with horrendous skin conditions. Many have arrived with untreated conditions which have left them with sores. wounds and extremely irritated. burning and sore skin. The baths with medicated shampoo, together with veterinary treatment, has helped lo calm their skin and bring some desperately needed relief from sore it¢hy and palnful conditions. We have also been able to bathe dogs that have arrived with dity, matted and contaminated hair.
Page 3 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Achievements and Performance (comrinutdj Our vets have been kept busy providing essential treatment for some very distressing cases. These are often the result of conditions which have been left untreated aud have developed into conditions which now require much more in depth and sometimes invasive treatment. This has been exasperated by the cost of living crisis. which has resulted in people not seeking veterinary treatment at an early stage. Our veterinary team work hard to ensure that all animals in our care receive the treatment they need. Community fundraising has remained dilFicult in the afternth of the pandemic and economic uncertainty. Whilst income generation is ¢hallenging, our team have still managed io connect with the local community at a number of fundraising events across the region. We had our second Great North Run Team this year. with 25 rLumeTS raising over £ I 0,000 for the charity. We are graieful to Pedigree for their generous support which helps to provide meals for the dogs in our care. Our partnership with Pets at Home Hartlepool and Dragonville have also helped to bring in much needed donations as well as an opportunity to connect with animal lovers and pet owners to promote animals looking for homes, as well as discussing the work the charity does. Our digital fundraising is growing and is providing a vital income as well as helping us to reach a new generation of supporters. The charity launched a new and exciting opportunity to join 'Friends of Stray Aid,. A rewarding way for supponers to help Stray Aid which reflects our gratillEde and appreciation. Building regular donations is a vital source of income, especially in these Challenging times where fllmncial pressures are high. Our charity shops and online Vinted store continue to provide a valuable source of income generation. We are extremely lucky to have such a fantastic and dedicated team of volunteers who give their time to help the charity. We could not operdte our shops withoul them and we are extremely appreciative of all they do to help. The shops also provide a link to our local communities and help to connect the chartty with a diverse audience. We are also proud to interact with schools and children's groups lo educate the younger generation around caring for and respecting animals. We hope that with educatio we are making a small contribution towards reducing animal crnelty and neglect in the future. Financial Revie The charity reports a surplus for the year of £223.211. Principal Funding Sources One of the main sources of income for the charity was donations and legacies. The trustees would like to thank everyone who has made personal donations and legacies towards the operating costs of the charity. The appeals made to people throughout the year were success1 and the charity has teceived significant donations for which they are extremely gratefijl. Kennelling fees also provided a substantial amount of income for the charity. Charity shops income continues to generate a substantial amount of income for the charity. Fundraising activities are slowly recommencing and the charity is working hard to increase income from fundraising activities.
Page 4 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Financial Review {conlinuedJ CostAnalysis The charity is keen to ensure that it has sound fllwicial plans in place and tries to mill expenditure where possible. Resources expended during the financial year amounted to £490,462 compared to £374,760 last year. The main expenditure costs continue to be wages and salaries, rent and rates and repairs, maintenance and cleaning. The charItS staff are vital to offer the services proNided. Rent charges are for the charity shops which provide a vital SOUTce of income to the charity. Repairs, maintenance and cleaning costs are essential to ensure the kennels and cattery remain fit for purpose and to ensure the animals are cared for in the best possible enviromnent. With the exception of wages and salaries. which have increased as our team has expanded and has been rewarded with pay rises in line with minimum wage rises for their continued hard work and commilment. costs on the whole remain comparable with those incurred in the prior year. Inveslment Powers and Policy Under the Memorandum and Articles of A&so¢iatioffj the cl)arity has the power to invest how the trustees wish. Aside frotn retaining a prndent amount of reserves each year, most of the charitys funds especially tbose received via grant nding, are spent in the short terni and so there ar¢ f¢w funds for long tenn investment. Reservffs Policy and Going Concern The trnslees have examined the charitys requirement for reserves in the light of the main risks facing Stray Aid Ltd. It is the policy of Stray Aid Ltd to mainiain fimds al a level. which allows the charity to operate in the event of unforeseen circumstances. The Intstees believe that the reserves ai the financial year end are ad¢quate to meet this policy. The trustees have reviewed the costs of the charity and believe that an amount of £150,000 is required to allow them to continue to operdte should the charity receive no fijrther income. This amounl is designated within the charity's unrestricted reserves. Plans for Future Periods In recent years, we have seen a STgnificant change in the size and temperament of dogs presented to our kennels. There has been a concerning increase in the number of large bull breeds and guarding breeds displaying challenging behaviour. which pose challenges to the kennels. To accommodate this. we are continuing our program of building and renovations to replace some of our oldest kennels with new. higb Specificatio larger kennels. The new kennels will allow us to safely accommodate these dogs. whilst ensuring their welfare and living conditions are of a good standard. We are continually reviewing our income streams and looking at new ways to raise funds, so that we can provide the best care possible for our animals and keep improving the slandard of accotnmodation and services we provide. The mental wellbeing of our animals is as important as their physical wellbeing alld we are always looking at ways to tnake their titne in our care as Slimulating and enrichtng as possible. Our team are looking at new ways to introduce kennel enrichment and outdoor ¢xercis¢ for our dogs and we are slowly building our team of volunte¢rs to help so¢ialise our rehoming dogs.
Page 5 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Plans for Future Periods (COMlinuedJ Our rehoming team will continue to develop ways of promoting dogs needing homes as well as developing the rehoming process to make it as accessible for people as possible. Becoming more proactive in trying io match dogs to the right homes whilst treating people and dogs as individuals. We look to continue growing the size of our Great North Run Team as a major fundrakser and encourage supporters of all abilities to take part and raise vital life saving funds for the anInLS. We also hope lo introduce new events that people can get involved with, such a5 a sponsored dog walk. Corporate volunieers have a lot to offer and we are excited to be welcoming teanLS of volunteers from a variety of organisalions to help with tasks at both the rehoming centre and our charity shops. The charity will continue to rescue, reunite and rehome as nwiy dogs as possible whilst helping cats in need to fmd new homes. Volunteers and Other Thanks The trustees wish to thank the charity's dedicated staff members and volunteets for their hard work and dedication over this and previous years, who tnlly contribute greatly to the work of the charity. We remain indebted to organisations who have awarded us grants and hope that tbe successful way we have utilised these monies will encourage these funders to continue with their support. Reference and Administrative Details Charity Ivame.. Stray Aid Ltd Charity Registralion Number.. 1117372 Company Registration Number." 05926205 Registered oifice and OperationalAddress.' Stray Aid Dog's & Cats Home Coxhoe Durham DH6 4EL Bankers: Lloyds TSB Skinnergate Branch Darlington County Durham DL3 7ND Jndependeni Examiner." E. J. Hartshorne-Ferguson BA FCA Bell Tindle Williamson LLP The Old Post Office 63 Saville Street North Shields Tyne and Wear NE30 IAY
Page 6 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Reference and Administratfftve Details {¢o•ttinued) Directors and Trustees.. The directors of the charitable company (the charity) are its trustees for the putpose of charity law and throughout this report and the financial statements are collectively referred to as the trustees. The trustees who served during the year were as follows: Resi Eleeled Trustees.. Mrs S. Bielby Miss S. Vout D. A. Clarke Cllr J. Blakey M. Owens Mrs A. R. Dickson 04.06.24 Structure Governance and Mana ement Governing Document Stray Aid Ltd is a registered charity (registered number 1117372) and a company limited by guardntee established under a Memorandum of Association which states the objects and powers of the charitable company. It is governed under its Articles of Association dated 6th September 2006. In the event of the charitable company being wound up, the tnteeS would be required to contribute an arnouni not exceeding £10. Appointment of Truslees The directors of the company are also charity tnteeS for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, one-third of trustees must retire by rotalion. The trustees to retire by rotation shall be those who have been longest in office since their last (re) appointment. If the vacancy of the retiring trustee cannot be fllled by another candidate then they can be reappointed in their original role. Trustees are voted onlo the committee al the Annual General Meeting. They can also be co-opied onto the committee by the B0d itself between Annual General Meetings. All of the trustees give their time voluntarily and receive no benefits frotn the charity. Trustee Selection Trnstees are not actively soughi as Strdy Aid Ltd is content with the number of Trustees it has. Should a potential trustee approach Stray Aid Ltd or if Stray Aid Lid wishes to recruit a trustee onto the board there are fomal procedures in place to ensure a good candidate is selected. There is no specific age group or experience required to become a tntee but the person must have a clean criminal record and must be willing and able to demonstrate that they can add to the range of skills present in the Cellt trustees. Trustee IndueÉion and Training Any new trustees are likely to be familiar with the practical work of the charity before they join the board but are still likely to attend a series of short training sessions to fully learn about the charity.
Page 7 STRAY AID LTD A COMPANY LIMITED BY GUAIL4NTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Structure Governance and Mana ement fcontinHed) Trustee Induction and Training (conlinuedj The main documents which set out the operational framework of the charity. including the Memorandum and Articles of Association are also discussed with any new trustees. They are also briefed on the current financial position of the charity with the aid of the latest set of fmancial statements. Finally the current resources, grant fijnding and other revenue streams are discussed as well as the future plans and objectives of the charity. New trustees will also be refeed to the Charity Con]mission's guide "the Essential Trustee Organisation The board of InteeS administers the charity. They meet regularly to discuss the needs of the charity and plan any action to be taken. A s¢heme of delegation is in place and day to day responsibility for the provision of the services rest with a Chief Executive appointed by the board of trustees. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that all key perfonnance indicators are meL Related Parties In as far as it is complementary to the chariws objects. the charity is guided by local policy and partnerships. Pay Policyfor Senior Staff The majority of the board of directors, who are the charitys trustees. give their time freely and receive no remuneration, with the exception of MTS S Bielby who received a salary for her work as a veterinarian. The pay of senior staff is reviewed annually. Senior staff salaries are considered in line with the organisation's size, the complexity of the roles and the responsibilities that the slaff cary. When recNiting to new senior ngernent roles salaries are benchmarked against similar roles and responsibilities and we also consider the market and availability of skills in setting salaries. Risk Management The trustees have conducted a review of the major risks to which the charity is exposed. Particular attention has been focused on non financial risks and in particular health and safety risks. Strong iniernal Controls have now been developed to deal with such risks. As part of the risk management process, the trustees have implemented a risk management strategy which comprises of the following: An annual review of the risks that the charity may face. Detailed tIOn plans to mitigate those risks identified. and Implementation procedures designed to minitwse any potential inwact on the clwity should any of these risks malerialise. The trustees are satisfied ihat they have taken all the necessary steps to lessen the risks affecting Stray Aid Ltd.
Page 8 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Trustees, Re5 Oll5ibilities in Relation to the Financial Statements The charity tNstees (who are also the directors of Stray Aid Lid for the PUTposes of company law) are responsible for preparing a trustees, annual report and fmancial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity truslees to prepare financial statements for each year which give a true and fair view of the state of affairs of Ihe charitable company and of the incoming resources and application of resources. including the income and expenditure for that period. In preparing the fJnan¢ial statements, the trustees a required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgments and estimates that are reasonable and prudenL state whether applicable UK Accounting Standards have been followed. subject to any material departures disc105ed and explaiThed in the fancial slalements" prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the Financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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. The trustees are responsible for the maintenance and tntegrity of the corporate and fllwicial inforrnation included on the charitable compangs website. Legislation in Ihe United Kingdom governing the preparation and dissemination of fncIal staten]ents may differ from legislation in other jurisdictions. StatefflenÉ of disclosure ¢0 our independent examiners In so far as the thtee$ are aware at the time of approving our trustees, report: there is no relevant infomiation, being infomation needed by the independent examiner in connection with preparing their report, of which the company's independent examiner is unaware. and the trustees, having made enquiries of fellow directors that they ought to have individually taken, have each taken all the steps that he/she is obliged to take as a director in order to make themselves aware of any relevant inforniation and to establish that the charity's independent examiner is aware of that infotmation.
Page 9 STRAY AID LTD A COMPANY LIIIIITED BY GUARANTEE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 Inde endent Examiner It will be proposed at the Annual General Meeting that E. J. Hartshorne-Ferguson of Bell Tindle Williamson LLP will Continue in otrice as the independent examiner for the ensuing year. This report was approved by the board of trustees on 17th November 2024 and signed on its behalf by.. MISS S. VOUT Trustee MRS S. BIELBY Trustee
Page 10 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE IIYDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 I report on the financial statetnents of the charity for the year ended 3 1st March 2024. which are set out on pages I I to 22. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The charilsls trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. The charitys gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of the InStite of Chartered Accountants in England and Wales. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent exarninatio it is my responsibility to: examine the financial slatements under section 145 of the 201 l Act. follow the procedures laid in the General Dir¢¢tions given by the Charity Commission under section 145(5)(b) of the 2011 Act. and slate whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a Teview of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual ilems or disclosures in the fmancial statements, and the seeking of explanations from you, as Trustees. concerning any such matters. The procedures undertaken do not provide all of the evidence that would be required in an audit and, consequently, no opinion is given as to whether the fmancial statements present a 'true and fair view. and the report is limited to those matters set out in the statement below. INDEPENDENT EXAMINER'S STATEMENT In connection with tny examination, no Tnatter has come to my attention: which gives me reasonable cause to believe that. in any material respect. the requirements: (a) to keep accounting records in accordance with section 386 of the Companies Act 2006. and (b) to prepare fmancial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006. (c) to prepare fmancial statements in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Bell Tindle Williamson LLP Chartered Accountants The Old Post Office 63 Saville Street North Shields Tyne & Wear NE30 IAY E. J. Hartshome-Ferguson BA FCA Independent Examiner CHARTERED ACCour[ArS AND REGISTERED AUDITORS 17th November 2024
Pagell STRAY AID LTD A COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME IlND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds Restricted Funds 2024 2023 Note tNCOME: Donations and L¢ga¢ies 325.367 10.000 335.367 129,383 Income from Charitable Activities 367.126 367.126 304,988 Other Income 11.180 11,180 8,957 TOTAL INCOMING RESOURCES 703,673 10.000 713,673 443,328 EXPENDITURE: Cost of Raising Funds 75,909 75,909 65,244 75,909 75,909 65,244 Charitable Activities: Expenditure on Charitsble Activities 372,081 372.081 273,718 Shop Expenditure 42.472 42.472 35,798 414,553 414.553 309,516 TOTAL EXPENDITURE 490.462 490,462 374,760 NET MOVEMENT IN FUNDS FOR THE YEAR 213,211 10,000 223,211 68,568 RECONCILIATION OF FUNDS: OPENING FUNDS AT 1ST APRtL 2023 17 681,354 681.354 612,786 SURPLUS FOR THE YEAR 213,211 i 0,000 223,211 68,568 TRANSFER BETWEEN FUNDS 17 10.000 {io.000) CLOSING FUNDS AT 31ST MARCH 2024 17 904,565 904,565 681,354 The Statement of Financial Activities includes all gains and losses in the year and therefore a staten]ent of total recogni5ed gains and losses has not been prepared. All incoming resources and resources expended derive from continuing activities The notes on pages 13 to 22form part of thesefinancial Siuiements.
Page 12 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 31ST MARCH 2024 Note 2024 2023 FIXED ASSETS Tangible Assets Investments 12 13 565,682 378,374 565,683 37 CURRENT ASSETS Stock Debtors Cash al Bank and in Hand 14 15 4,464 47.884 347,746 4(M),094 5.429 10.753 329.115 345,297 CREDITORS - AMOUNTS DUE WITHIN ONI E YEAR 16 49.545 20,650 NET CURRENT ASSETS 350,549 324,647 TOTAL ASSETS LESS CURRENT LIABILITIES 916,232 703.021 CREDITORS - Amouwfs DUE AFTER MORE TIL4N ONE YEAR 16 (11.667) (21,667) NET ASSETS 904,565 681,354 CAPITAL Unrestricted Funds- General Unrestricted Funds - Designated Reslricled Funds 17 17 17 754.565 150,(K)O 531,354 150.000 904,565 681,354 These financial stalemenls have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies. regime and in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,. For the year ending 31st March 2024 the company was enlitled to exemption from audit under section 477 of the Companies Act 2006 relating to Small companies. Directors, responsibilities: The members have not required the wmpany to obtain an audit of its fmancial statements for the year in question in accordanee with section 476. The directors acknowledge Iheir responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial stalemenls were approved by the board of directors and authorised for issue on 17th November 2024 and are signed on behalf of the board by: MISS s. voirr Trustee MRS S. BIELBY Truslee Registration Number- 05926205 The noles on pages 13 ¢0 22formparÉ of thesefinaneiol statemeAI&
Page 13 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES The principal accounting policies adopted, judgements and key souwes of estimation uncertainty in the preparation of the fmancial statements are as follows: a) Basi5 of Pre aralion of Financial Statements The financial statements have been prepared under the historical cost convention, and in accordance with the Charities.. Statemeni of Recommended Practice (applicable to charities preparing their accounts in hccordan¢e wtth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. Stray Aid Ltd meets the defmition of a public benefil eiitity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaciion value unless otherwise stated in the relevant accounting policy note(s). aration of the Financial Statements on a Goin Concern Basis The InteeS consider that there are no material uncertainties about the Chariws ability lo continue as a going concern. There are no significant judgments or key sources of estimation uncerInty that affect the fmancial statements. c) Cash Flow Statement The truslees have taken advantage from including a cash flow statement in the financial sta*ments on the grounds that the charity is small. d) Income All income is recognised once the charity has entItIennt to the incon, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following specific policies are applied to particular calegories of income: Donations and grants are recognised when the ¢lTrarity has been notified in writing of both the amount and settlement date. In th¢ event that a donation is subject to conditions that require a level of perforniance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilmeni of those Conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. Monies raised from activilies for generating fid$ are included when recetved. Incoming resources from charitable trading activity are accounted for when earned. Investment income is included when receivable. e) Fund Accountin Unrestricted Funds are llds which are available for use ai the discretion of the tnjstees in rtherance of the general objectives of the Chatity and which have not been designated for other pu4)oses.
Page 14 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES (conliuued) e) Fund Accountin Designated Funds are unrestricted funds received for a particular puq>ose. Restricted Funds are fund5 which are to be used in accordance with specific restrictions imposed by their donors or which have been raised by the Charity for particular purposes. The cost of rdising and admiillstering such nds ar¢ charged against the specific fund. enditure and Irreeoverable VAT Expenditure is recognised once there is a legal or constructiv¢ obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: Costs of raising funds comprise the costs of activities and collsumables. Expenditure on charitable activities includes the cost of events and other activities undertaken to further the purposes of the charity and their associated support Costs. Governance costs include those costs aS)ciated with meeting the constitutional and slatutory requirements of the charity and include independenl examination fees and costs linked to the Strategic management of the Charity. ecoveiable VAT is charged as a cost against the activity for which the expenditure was incurred. ort Costs Support ¢osts are those functions thai assist in the work of the charity but do not directly undertake charitable activities. Support costs include office costs, finance, payroll and governance Costs which support the charity's activities. These cosis have been included within expenditure on charitable activities. ible Fixed Assets All fed assets are initially recorded at cost. reciation Depreciation is calculated to write off the cost of fixed assets over the expected useful lives of the assets concerned. The principal annual rates for this purpose, which are consistent with those of the previous year. are:_ Fixtures and Fitlings Motor Vehicles Kennels Reducing Balance Straight Line Straight Line 250/0
Page 15 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST I¥IARCH 2024 ACCOUTING POLICIES IcontiThHed) ible Fixed Assets and Restricted Funds When the charity receives restricted grants that can only be used for expenditure on fed assets, it has the following policy-_ Expenditure on the fixed assel is capitalised. The red asset is then depreciatrd over its use1 economic life in accordance with the charitys accounting policy. Grallls received specifically to finance the expenditure are credited to a restricted fimd. k) Debtors Trade and other debiors are recognised at the settlement amount due after any trade discount offered. l) Stocks Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and slow moving items. m) Cash at Bank and in Hand Cash at bank and in hand Comprises petty cash and funds held in the charity bank current COUnt and d¢posit accounts. n) Creditor5 and Provisions Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are nornthlly Ognised at their settlement amount after allowing for any trade discounts due. eratin Lease A reements Rentals applicable to operating leases where subslantially all the benefits and risks of oNTrnership remain with the lessor are charged to the profit and loss account as incurred. p) Financial Instruments Financial instrnmenls are classified and accounted for. according to the substance of the contractual aangernellt, as either financial assets or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. LEGAL STATUS Stray Aid Ltd is a company limited by guarantee and as such has no share capital. In the event of the charitable ¢onLpany being wound up, the trnstees would be required to contribute an amount not exceeding £10.
Page 16 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 DONATIONS AND LEGACIES 2024 TOTAL 2023 TOTAL Unrestricted Restricted Grants Donations and Legacies 1.000 324.367 10.000 11.000 324.367 6,795 122.588 325,367 10,000 335,367 129,383 INCOINIE FROM CHARITABLE ACTIVITIES 2024 TOTAL 2023 TOTAL Unrestricted Restricted Kennelling Fees Provision of Part-serviced Kennels Police Contract Veterinary Fees Adoption Fundraising Hand Over Shop Income 13.421 157.518 650 840 53,812 9.526 13.421 157.518 650 840 53,812 9,526 96.651 2.487 28,895 40,182 125 136,648 131,359 131,359 367,126 367,126 304,988 OTHER INCOME 2024 TOTAL 2023 TOTAL Unrestricted Restricted Pet Plan Insurance Cornmission Bank Interest and Other Similar Income 9,265 1.915 9,265 1,915 8,478 479 11.180 11,180 8,957
Page 17 STRAY AID LTD A COMPANY LIMITED BY GUARAIYTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 COST OF RAISING FUNDS 2024 TOTAL 2023 TOT AL Unrestricted Restricted Veterinary Care Direct Costs Veterinary Care Directovs Salary Dog Supplies and External Boarding Fees Animal Transport Fees Waste Disposal Fundraising Costs 32,510 28,906 6,946 32,510 28,906 6,946 32,755 23,645 1,817 690 2.526 3.811 2.341 5.206 2.341 5.206 75,909 75,909 65,244 EXPENDrruRE ON CHARITABLE ACTIVITIES 2024 TOTAL 2023 TOTAL Unrestricted Restricted Wages and Salaries Employers National Insurance Staff Pension Contributions Staff Training Work Clothlng Water Rates Light and Heat Bond Adjustments Insurance Motor Expenses Repairs and Maintenance Hire of Equipment Printing, Postage and Ststionery Computer and IT Costs Advertising Telephone Gain on Disposal of Tangible Assets Depreciation Cleaning Bank Charges Sundry Expenses Professional Subs¢riptkons Accounlan¢y Fees Governance Costs (See Note 9) Bank Loan Interest Irrecoverable VAT 265.309 11.311 5,005 329 534 2,579 13.126 7.200 4,521 615 14,392 1,935 2,461 4,100 265.309 11,311 5,005 329 534 2.579 13.126 7.200 4,521 615 14,392 1,935 2,461 4,100 173,751 4,758 2,980 927 1,811 7.118 6,346 3,215 2,435 912 2,387 3,804 386 2.473 2.927 (1,512) 46.437 4.013 2,379 1,198 2,638 3,102 8,990 682 (32,190) 2.927 (1.512) 46,437 4,013 2,379 1,198 2,638 3,102 8,990 682 {32.190} 21,628 17,180 1,951 1,211 2,294 3,440 500 1,880 10.331 372.081 372.081 273.718
Page 18 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ANALYSIS OF SHOP EXPEIIDITURE 2024 TOTAL 2023 TOTAL Unrestricted Restricted Rent, Rates and Water Light and Heat Insurance Sundries 38,558 2,960 934 20 38,558 2,960 934 20 33,454 2,149 175 20 42.472 42,472 35,798 ANALYSIS OF GOVERNANCE COSTS 2024 TOTAL 2023 TOTAL Unrestricted Restrieted Independent Examiner Fees Legal and Professional Fees 500 8.490 500 8,490 500 8,990 8,990 500 10. ANALYSIS OF ST AFF COSTS TRUSTEE REMU,ERATI0N AND EXPE,sEs AI¥D THE COST OF KEY MthAGEMENT PERSONI NEL 2024 TOTAL 2023 TOTAL Unrestricted Restricted Wages and Salaries Benefits in Kind Employer Natkonal Insurance Contributions Employer Pension Contributions 300,497 1,123 13,854 5.686 300,497 1.123 13.854 5.686 204,496 1.163 6,743 3,528 321,160 321,160 215.930 No employees had employee benefils in excess of £60.000 (2023: £60.000). The charity trustees were not paid nor did they receive any other benefits from employment with the charity in the year (2023: £nil) nor were they reimbursed expenses during the year (2023.. £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil). with the exception of the veterinary directorltrnstee who received employee benefits of £26.962 (2023: £22,496). The key management personnel of the charity comprise the trustees and the veterinary director. The ejnployee benefits of the veterinary director are detailed above.
Page 19 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 11. STAFF NUMBERS The average number of persons employed by the charitable company during the year was as follows: 2024 Number 2023 Number Number of Employees 15 12 12. TANGIBLE FIXED ASSETS Motor Vehicles Fixtures & Fittin Buildin Kennels Total COST As at 1st April 2023 Additions Disposals As at 3 1st March 2024 33,255 40.754 1.693 21.068 21,379 508.141 246,040 582,150 247.733 42,725) 787,158 21.657 11,598 754.181 DEPRECIATION A5 at 1st April 2023 Charge for year On Disposals As at 31st March 2024 19.267 33.060 2.774 21,068 14,766 151,449 43.663 203,776 46,437 28,737 221,476 7,669 11,598 195,112 NET BOOK VALUE A5 at 3 1st March 2024 6.613 559,069 565,682 A5 at 31st March 2023 13,988 7,694 356,692 378,374 13. INVESTMENTS 2024 2023 Investment in Subsidiary The investment comprises the £1 share capiLIl of Stray Care Servtces Ltd. 14 STOCK 2024 2023 Closing Stock 4,464 5,429
Page 20 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 IS DEBTORS 2024 2023 Trade Debtors Prepayments Inler-company Loan - Stray Care Services Ltd VAT 19,232 1,647 14.329 12,676 9.405 75 1,273 47,884 10,753 16 CREDITORS 2024 2023 Amounts due within one y¢ar'.- Trade Credilors PAYE and National Insurance Bounceback Loan Accruals and Deferred Income 27,917 6,011 10,000 5.617 1,633 4,257 10,000 4.760 49,545 20,650 Amounts due after more than olle year:. Bounceback Loan 11,667 21,667 11.667 21,667
Page 21 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 17 STATEMENT OF FUNDS Balance IstA 2023 Balance 31st March 2024 Income ended Transfers Unrestricted Funds General Designated- Conltngency and Going Concern Policy 531,354 703.673 (490.462) 10.000 754,565 150,000 150,000 681.354 703,673 (490.462) 10.000 904.565 Restricted Fund5 Capital Gronts.. Jean Sainsbury Grant 10,000 {io.000) 10.000 (i 0,000) 681.354 713.673 (490.462) 904,565 Unrestricled Funds- General The funds can be used in any way by the tnteeS in accordance with the objectives of the charity. Unrestric¢ed Funds- Designaled fCon¢ingency and Going Concern Policy) These are unrestrtcted funds which have been reserved for future unforeseen costs and contingencies. Restricled Funds These represent fimds received whicb are restricted to being used for a specific purpose. Amounts are released from these funds when the expenditure to which they relate has been incurred by the charity. The restricted funds received are SummSed as follows: Capital Granls.. Jean Sainsbury This generous grani helped us fimd an acoustic fence. forn]ing part of the new kennel building project. Transfer Belween Funds £IO.000 of restricted reserves has been spent on capitsl expenditure during the year and a transfer has been made to unrestricted reserves as the restriction no longer applies.
Page 22 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 18 INDEPENDENT EXAMINL ERS FEE The independent examination work conducted during the period constituted a fee of £500. 19 TAXATION As a charity, Stray Aid Ltd is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Aci 1992 10 the extent that these are applied to its charitable objects. No tax charges have arisen in the clwity. 20 ANALYSIS OF NET ASSETS Restrieted Funds Unrestricted Funds Total Fixed Assets Current Assets Current Liabilities Long Terni Liabiltties 565,683 400,094 (49,545) (11,667) 565,683 400,094 (49,545) (11,667) Net Assels at 31 st March 2024 904,565 904,565 21 RELATED PARTY TRANSACTIONS By the very nature of the charity, and its activities, IsleeS may become involved in the provision of services. Stray Care Services Ltd is a wholly owned subsidiary of Stray Aid Ltd, the slwe capital of which represents the fixed asset investment on the balance sheet. An inter-company loan exists between the two companies and a balance of £14,329 (2023.. £75) is outstanding at the year end and is included within debtors. During the year part-serviced kennels were provided by Stray Aid Lid. on nomial commercial temis, to Stray Care Services Ltd. Income of £157,518 was received in respect of these services, as shown in income from charitable activities. Also, during the year, donations of £66,002 (2023: £nil) were received by Stray Aid Ltd from Stray Care Services Ltd. No other transactions with related parties were undertaken such as are required to be disclosed under the Financial 22 ULTIMATE COLNTROLLING PARTY In the opinion of the Trustees, there is no ultinmle controlling party of the Charity other than the Board itself.
Page 23 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Fund$ Restricted Funds 2024 Total 2023 Total INCOME: Donations and Legacie5 Grants Donations and Legacies 1.000 324.367 10.000 11,000 324,367 6.795 122,588 Income from Charitable Activities Kennelling Fees Provision of Part-serviced Kennels Police Contract Veterinary Fees Adoption Fundraising Hand Over Shop Incorne 13,421 157.518 650 840 53,812 9,526 13,421 157,518 650 840 53.812 9,526 96,651 2.487 28.895 40,182 125 136,648 131.359 131,359 Other Income Pet Plan Insurance Commission Bank Interest and Other Similar Income 9265 1.915 9,265 1,915 8,478 479 TOTAL INCOMING RESOURCES 703,673 10,000 713,673 443,328 EXPENDITURE: Cost of Raising Funds Veterinary Care Veterinary Care - Directors Salary Dog Supplies and Exl¢rnal Boarding Fees Animal Transport F¢es Waste and Cleaning Fundraising Costs 32.510 28.906 6.946 32.510 28.906 6.946 32,755 23.645 1.817 690 2,526 3,811 2341 5,206 2,341 5,206 75,909 75,909 65,244
Page 24 STRAY AID LTD A COMPANY LIMITED BY GUARANTEE DETAILED ANALYSIS OF INCOME AND EXPENDITURE {toAilrtued) FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Funds Restricted Funds 2024 Total 2023 Total EXPENDITURE: Expenditure ott Charitable Activities Wages and Salaries Employers National Insurance Staff Pension Contributions Staff Training Work Clothing Rent and Rates Light and Heat Bond Adjuslments Insurance Motor Expenses Repairs and Maintnance Hire of Equipment Printing, Postage and Staiionery Computer and rr Costs Advertising Telephone Gain on Disposal of Tangible Assets Depreciation Cleaning Sundry Expenses Professional Subscriptions Accountancy Fees Bank Loan Interest Irrecoverable VAT 265,309 11.311 5.005 329 534 2,579 13,126 7.200 4.521 615 14,392 1,935 2.461 4.100 265,309 l E,311 5,005 329 534 2.579 13,126 7,200 4,521 615 14,392 1,935 2,461 4,100 173.751 4,758 2,980 927 1.811 7,118 6,346 3.215 2.435 912 2,387 3,804 386 2,473 2,927 (1,512) 46,437 4.013 1.198 2,638 3,102 682 (32,190) 2,927 (1,512) 46,437 4,013 1.198 2,638 3.102 682 (32,190) 21,628 17,180 1.211 2.294 3,440 1,880 10,331 360,712 360,712 271,267 Finance Charges Bank Charges 2.379 2,379 1.951 Shop Expenditure Rent and Rates Light and Heat Insurance Sundries 38,558 2,960 934 20 42.472 38,558 2,960 934 20 42.472 33,454 2,149 175 20 35,798 Governance Costs Independent Examiner Fees Legal and Professional Fees 500 8,490 8.990 500 8,490 8.990 500 500 TOTAL RESOURCES EXPENDED 490,462 490.462 374,760 NET SURPLUS 213.211 10.000 223,211 68,568