FELINE FRIENDS LIMITED
REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST JULY 2023
Prepared by:
Osbourne Sandy & Co Chartered Accountants 10 Grange Terrace Sunderland
FELINE FRIENDS LIMITED
ADMINISTRATIVE INFORMATION
Directors and Trustees
Gillian Connor - Director and Trustee Helen Laura Stephenson - Director and Trustee John Paul Stephenson - Director and Trustee Helen Hill - Director and Trustee Fraeza Graham - Director and Trustee Alan Frederick Moon - Director and Trustee Philip James Ripley - Director and Trustee
Registered Charity Number
1123180
Registered Company Number
6305634
Registered Office
23 Fuller Road Hendon Sunderland SR2 8PQ
Secretary
Gillian Connor
Independent Examiner
O.E. Sandy Osbourne Sandy & Co Chartered Accountants 10 Grange Terrace Sunderland SR2 7DF
Bankers
Lloyds Bank Plc Fawcett Street Sunderland SR1 1SB
FELINE FRIENDS LIMITED
TRUSTEES ANNUAL REPORT
(INCLUDING DIRECTORS REPORT)
FOR THE YEAR ENDED 31ST JULY 2023
The Trustees present their report, together with the unaudited financial statements of the charity for the year ended 31st July 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities FRS102 in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Objects of the charity, principal activities and organisation of our work
The charity is constituted as a company limited by guarantee and is, therefore, governed by its memorandum and articles of association.
In setting out our objectives and planning our activities, our Trustees have given careful consideration to the Charity Commission General Guidance on Public Benefit.
The charity’s object and its principal activities continue to be to relieve the suffering of cats and to provide facilities for their reception and care and the treatment of sick or ill-treated cats.
The charity is organised so that the Trustees meet regularly to manage its affairs. We are grateful to all volunteers who give their time to the care of animals in foster homes.
Developments, activities and achievements
We remain active in the community, trapping ferals, re-homing stray, abandoned and unwanted cats in all parts of Sunderland and the surrounding area. Also, a high priority is neutering and microchipping every cat that comes into our care whether owned or stray.
All cats receive veterinary care and are flea and worm treated and we have many, at any one time, in foster care which is where most of our funds are spent. While costs remain high this year, we have been extremely fortunate to benefit from substantial donations which will ensure our continuing commitment to cats in the area.
Future developments
Our website continues to be our main ‘shop window’ and is proving to be very successful. The re-homing numbers can vouch for this. We shall continue to concentrate our efforts on re-homing. We are looking into Facebook and hope to attract more volunteers to be more proactive in the coming year.
Transactions and financial position
The Statement of Financial Activities shows net surplus for the year of £13,807 (2022 - surplus £21,328) and our reserves at the balance sheet date stood at £53,155 (2022 - £39,348).
Investment policy and returns
Under the memorandum and articles of association, the charity has the power to make any investment which the Trustees see fit.
FELINE FRIENDS LIMITED
TRUSTEES ANNUAL REPORT
(INCLUDING DIRECTORS REPORT)
FOR THE YEAR ENDED 31ST JULY 2023
Continued
Reserves
The present level of funding is adequate to support the activities of the charity for the medium term.
Directors and Trustees
The directors of the company and all of the Trustees named on page 1 served throughout the year.
Risk management
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current level, combined with an annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Approval
This report has been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies and was approved by the Board of Directors and Trustees on 16th March 2024 and signed on its behalf by:
……………………… G.K. Connor
FELINE FRIENDS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31ST JULY 2023
| INCOME AND ENDOWMENTS FROM Donations and Legacies Charitable Activities TOTAL INCOME AND ENDOWMENTS EXPENDITURE Raising Funds Charitable Activities Other TOTAL EXPENDITURE NET INCOME (EXPENDITURE) RECONCILIATION OF FUNDS Total Funds Brought Forward Net Movement in Funds Total Funds Carried Forward |
Note 2 3 4 5 6 |
Unrestricted Funds 2023 £ 33,211 2,829 --------- 36,040 --------- - 21,041 1,192 --------- 22,233 --------- 13,807 -------- 39,348 13,807 --------- 53,155 --------- |
Unrestricted Funds 2022 £ 33,594 8,619 --------- 42,213 --------- - 19,678 1,207 --------- 20,885 --------- 21,328 -------- 18,020 21,328 --------- 39,348 --------- |
|---|---|---|---|
4 .
FELINE FRIENDS LIMITED
BALANCE SHEET AT 31ST JULY 2023
Registered Company Number: 6305634
| 2022 | |||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 8 | 2,155 | 1,391 | ||
| Cash at Bank and in Hand | 9 | 53,133 | 39,376 | ||
| --------- | --------- | ||||
| 55,288 | 40,767 | ||||
| --------- | --------- | ||||
| CURRENT LIABILITIES | |||||
| Amount falling due within one year | 10 | (2,133) | (1,419) | ||
| ------- | ------- | ||||
| NET CURRENT ASSETS | 53,155 | 39,348 | |||
| --------- | --------- | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 53,155 | 39,348 | |||
| --------- | --------- | ||||
| TOTAL UNRESTRICTED CHARITY FUNDS | |||||
| Income and Expenditure Account | 11 | 53,155 | 39,348 | ||
| ---------- | --------- |
For the year ended 31st July 2023 the Company was entitled to the exemption from an audit conferred by section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for:-
-
i) Ensuring that the Company keeps accounting records which comply with section 386 of the Companies Act 2006.
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ii) Preparing financial statements which give a true and fair view of the state of affairs of the Company as at 31st July 2023 and of its surplus for the financial year then ended in accordance with the requirements of section 393 to the Companies Act 2006 and which otherwise comply with the requirements of that Act relating to financial statements so far as applicable to the Company.
The financial statements have been prepared in accordance with the special provisions of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were authorised for issue on 16th March 2024 and are signed on their behalf by:
………………….. Philip James Ripley
FELINE FRIENDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023
1. ACCOUNTING POLICIES
a) General information and basis of preparation
Feline Friends Limited is a private limited company limited by guarantee and domiciled in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity operations and principal activities are set out at page 2.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention modified to include certain items at fair value. The financial statements are present in sterling which is the functioning currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented and unless otherwise stated.
b) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
c) Cash at bank and in hand
Cash at bank and cash in hand includes cash 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.
d) Creditors and provisions
Creditors and provisions 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 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.
e) Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resource or if it is certain that the resource will be received and a monetary value can be measured with sufficient reliability. The following specific policies are applied to particular categories of income:
FELINE FRIENDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023 (Continued)
-
Income received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
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Incoming resources from charitable trading activity are accounted for when earned.
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Incoming resources from grants, where related to performance and specific deliveries are accounted for as the charity earns the right to consideration by its performance.
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Legacies are only accounted for once full administration of the relevant estate is completed.
f) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure excludes VAT.
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Raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
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Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Other costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include costs linked to the strategic management of the charity.
g) Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
2. DONATIONS AND LEGACIES
| 2. 2. 4. |
DONATIONS AND LEGACIES 2022 £ £ Legacies - 20,000 Donations (Including Gift Aid Refund) 33,211 13,594 -------- -------- 33,211 33,594 -------- -------- CHARITABLE ACTIVITIES 2022 £ £ Adoption Fees 1,115 5,595 Events and Collection Boxes 1,714 3,024 ------- ------- 2,829 8,619 ------- ------- 2022 RAISING FUNDS £ £ Advertising, Fundraising and Promotional Goods - - ----- ---- |
|---|---|
FELINE FRIENDS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023
(Continued)
| 5. 6. |
2022 CHARITABLE ACTIVITIES £ £ Purchase of: Animal Foods and Litter 10,271 11,059 Veterinary Fees 10,770 8,619 --------- --------- 21,041 19,678 --------- --------- OTHER 2022 £ £ Accountancy - Independent Examiner’s Fee 225 210 Finance Costs 15 21 Office Equipment and Other Consumables 161 176 Licence and Rent - 800 Travelling and other Expenses 161 - Cleaning 630 - ------- -------- 1,192 1,207 ------- -------- |
|---|---|
7. STAFF COSTS
No remuneration was paid to Trustees in the year, nor were any expenses reimbursed to them.
| 8. 9. 10. 11. |
2022 DEBTORS £ £ Other Debtors 2,155 1,391 ------- -------- CASH AT BANK AND IN HAND No deposits mature more than 12 months from the balance sheet date. 2022 CREDITORS £ £ Other Creditors 2,133 1,419 ------- -------- UNRESTRICTED FUNDS 2022 £ £ Income & Expenditure Account: Balance at 1st August 2022 39,348 18,020 (Deficit)/Surplus of Expenditure over Income 13,807 21,328 --------- --------- Balance at 31st July 2023 53,155 39,348 --------- --------- |
|---|---|
The purpose of this fund is to support the charitable activities as detailed in the Trustees Report.
FELINE FRIENDS LIMITED
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST JULY 2023
| 2022 | ||||
|---|---|---|---|---|
| INCOME | £ | £ | £ | £ |
| Income Tax on Gift Aid | 2,296 | - | ||
| Donations | 30,915 | 13,594 | ||
| Adoption Fees | 1,115 | 5,595 | ||
| Fundraising Collecting Boxes and Promotions | 775 | 2,172 | ||
| Vet Bills Repaid | 939 | 657 | ||
| Sale of Pet Food | - | 170 | ||
| Sale of other Goods | - | 25 | ||
| Legacies | - | 36,040 | 20,000 | 42,213 |
| -------- | -------- | |||
| EXPENDITURE | ||||
| Accountancy | 225 | 210 | ||
| Animal Foods and Litter | 10,271 | 11,059 | ||
| Veterinary Fees and Medicine | 10,770 | 8,619 | ||
| Office Expenses | 161 | 176 | ||
| Rent | - | 800 | ||
| Finance Costs | 15 | 21 | ||
| Travelling and other Expenses | 161 | - | ||
| Cleaning | 630 | (22,233) | - | (20,885) |
| ------- | --------- | -------- | -------- | |
| SURPLUS (DEFICIT) FOR THE YEAR | 13,807 | 21,328 | ||
| --------- | -------- |
This page does not form part of the statutory accounts.
Osbourne Sandy & Co
Chartered Accountants Chartered Tax Advisers
10 Grange Terrace, Sunderland, SR2 7DF Telephone: (0191) 567 2853 Fax: (0191) 510 1851
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF FELINE FRIENDS LIMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended 31st July 2023 which are set out on pages 4 to 8.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the company are not required to be audited under part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of your company’s accounts carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the directions give by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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2) the accounts do not accord with those records: or
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3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland [FRS 102]).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
O.E. Sandy FCA CTA For and on behalf of Osbourne Sandy & Co 10 Grange Terrace Sunderland 18th March 2024