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2021-12-31-accounts

Registered number: 06985367 Charity number: 1131399

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

9 Bishop Fleming

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers 1
Trustees’ Report 2
Independent Auditors’ Report on the Financial Statements 10-13
Statement of Financial Activities 14
Balance Sheet 15-16
Statement of Cash Flows 17
NotestotheFinancialStatements 18-34

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Jan Lake, Chair
Patricia Wilder (resigned 11 June 2021)
Andrew Kirchin (resigned 8 May2021)
Peter Stevenson (resigned 16 August 2022)
Judith Adams (appointed 8 May2021)
Adina Claire (appointed 8 May2021)
Grace Nattrass (appointed 8 May 2021, resigned 28 February 2022)
Paul Hoban (appointed 25 July2022)
Claire Pearce, Secretary (appointed 25 July 2022)
Company registered
number 06985367
Charity registered
number 1131399
Registered office Chave Lane
Brithem Bottom
Cullompton
EX15 1NE
Company secretary Claire Pearce
Independent auditors Bishop Fleming LLP
Chartered Accountants
10 Temple Back
Bristol
BS1 6FL
Bankers Santander UKPLC
Bridle Road
Bootle
Merseyside
GIR 0AA
HSBC UK
86 High Street
Honiton
Devon
EX14 1JN
NatWest Bank
740 Waterside Drive
Aztec West
Almondsbury
BS995BD

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report together with the financial statements of Forever Hounds Trust (FHT) for the year 1 January 2021 to 31 December 2021. The Annual Report serves the purposes of both a Trustees’ report and a Directors’ report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) as amended by Update Bulletin 1 (effective January 2015). The total income of the charity for the year exceeded £1m because of one very substantial legacy received in the year; the 2021 financial statements have therefore been audited, rather than independently examined, by Bishop Fleming. Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The charity has two principal objects:

Alongside the homing of dogs, we also enable dogs to stay in their original homes by providing support to owners, thus preventing the dogs from ending up in rescue; we give advice to those looking to rescue a dog and offer space to dogs with high welfare or behavioural need who would otherwise not have a safe place to go. These activities have contributed to the welfare of individual dogs and owners in alternative ways, in addition to the homing of dogs.

The charity also seeks to improve the general welfare standards within the greyhound racing industry. Forever Hounds Trust calls for a phasing out of greyhound racing in the UK. We are proud and excited to be working in partnership with other groups to bring greyhound welfare to the top of the agenda.

b. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE CHARITY’S PURPOSES FOR PUBLIC BENEFIT

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

STRUCTURE, GOVERNANCE AND MANAGEMENT a. CONSTITUTION

Forever Hounds Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 8 August 2009; it is also a registered charity (number 1131399).

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the Charity is the responsibility of the Trustees, who are elected and co-opted under the terms of the Memorandum of Association.

Candidates for appointment as new Trustees are interviewed by the existing Trustees. If accepted, all candidates are provided with copies of minutes from the previous four Trustee meetings, a copy of the last accounts and an update on the current financial situation and are requested to read Charity Commission documentation on the responsibilities of Trusteeship. Candidates must then confirm their willingness to be appointed and attend the next formal Trustee meeting.

Training for Trustees comes mainly from what is gained in the course of service. Matters are discussed in detail at Trustees’ Meetings, the style of which encourages sharing of knowledge and provides an opportunity for exploring the governance of the charity. The Chief Executive also attends these meetings. Trustees are encouraged to attend relevant seminars and training courses.

Jan Lake continues as Chair of the charity and retains a casting vote; she will also continue to represent the charity externally. On 14 June 2022 the Board agreed to adopt a Co-chair model for a temporary period not exceeding 12 months, whereby some of the roles exercised by the Chair, including chairing Board meetings, performance managing the CEO and further developing the charity’s governance policies and practice would be shared with Adina Claire.

The full Board and changes in membership in the year or since year end are shown below: Jan Lake (Chair)

Peter Stevenson (Treasurer & Secretary) (resigned 16 August 2022) Andrew Kirchin (resigned 8 May 2021) Pat Wilder (resigned 11 June 2021) Judith Adams (joined 8 May 2021) Adina Claire (joined 8 May 2021) Grace Naitrass {joined 8 May 2021, resigned 28 February 2022) Claire Pearce (co-opted 25 July 2022) Paul Hoban (co-opted 25 July 2022)

With Peter Stevenson's retirement from the Board, Paul Hoban took the role of Treasurer, and Claire Pearce took over as Company Secretary on 16 August 2022. The Trustees continue with recruitment and further appointments to the Board will be made in due course.

c. ORGANISATIONAL STRUCTURE AND DECISION MAKING

Forever Hounds Trust operates as a voluntary charity. Overall strategy and policy decisions are made by the Trustees. Trustees meet formally in Board meetings at least four times a year, all online during 2021; there are also frequent and less formal interactions via sub committees, telephone conferences, email, ad hoc meetings, etc.

Operational matters are delegated to the staff body, under the management of the Chief Executive. Reports on organisational activity are fed through to the sub committees and Board meetings. This approach enables the charity to be run in line with its strategy and business plans, as well as to manage risk.

As predicted last year, the charity has now appointed a full-time Chief Executive, to direct the management and operation of the charity. Caron Lane, who was previously the Manager of our new centre in Devon, was appointed Interim Chief Executive on 1 September 2021. Following a rigorous recruitment process, she was appointed CEO with effect from 6 December 2021. Within the current staff team, 17 of the posts are part time _ and 3 are full time. Our fundraising and administration teams work from home, with those staff who work directly with the dogs being kennel based. The team communicate easily via a range of channels and meet on together online on a monthly basis.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

d. RISK MANAGEMENT

The Trustees believe that there will continue to be many unwanted dogs in need of new homes, and therefore a continuing demand for the charity’s work in accordance with our objectives.

In pursuing the charity's objectives, the Trustees recognise that there are several risks inherent in the operation of the charity. The Finance and Governance sub-committee is charged with monitoring risk matters on behalf of the Board.

The principal identified risks, and the mitigation employed are as follows:

ACHIEVEMENTS AND PERFORMANCE

2021 remained challenging and full of uncertainty as we navigated the ongoing pandemic. This continued to present challenges to our rehoming and community fundraising activities. We prioritised protecting the safety and health those working at kennels and responsible for the care of our dogs. As and when restrictions were lifted, we responded appropriately with a cautious return to in person activities towards the end of 2021. The Board aimed to stabilise the charity financially and strategically with the appointment of a competent, experienced and trusted Chief Executive in October 2021, a review of funds and activities, plus a consolidation of resources to maximise efficiency. 2022 will see many positive changes that will secure our future through increased funds and a new organisational strategy.

2021 marked the 25" anniversary for Forever Hounds Trust. We had plans to celebrate this with our supporters, volunteers, and staff as it is a significant achievement reflecting on all the dogs we have helped over the last quarter of a century. Unfortunately, circumstances meant this was not possible as we hoped, but we move on strong, resilient and having achieved the ambition of owning and operating our own centre.

Virtual volunteer conference

In 2021 we trialled an online conference platform to stage our volunteer conference. This enabled us to maintain crucial links with keen supporters of our work. Topics included hound welfare, behavioural tips, updates on the work of the charity, quizzes and much more. It took place over 3 days in June and around 75 participants attended each day.

Our Forever Hounds Trust Centre for Homing and Welfare opened late 2020. Improvements to the infrastructure have been ongoing through 2021. With generous support from our Friends, we created a secure fenced field, the ‘Friends Field’ and made mBgrovements to the lane approaching the centre. A grant

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

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TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

from Battersea went towards our work to create an environment where the hounds can decompress, receive appropriate care and attention, and get them ready for their new homes. Through the year we have been more or less at full occupancy in the centre.

We cannot do our work without our committed team of volunteers and staff. One of our valued volunteers, Tracey Carter was a ‘Volunteer of the Year’ finalist in the Animal Charity Awards. Without her and our volunteer team's help we simply would not be able to help the number of dogs that we do. Volunteers and our staff team continue to be essential to the work we do, and the Trustees are grateful for their hard work and commitment. Volunteers support us in every aspect of our work, transporting our dogs to and enriching their lives in kennels, providing foster homes, giving behavioural advice and support to adopters, raising funds and awareness, inputting data and providing physiotherapy assessments and treatment.

Homing and kennelling

During 2021 we brought 171 dogs into our care and assisted a further 26 into other rescue organisations, a decrease on the number of dogs we were able to help in 2020 but reflective of the more complex issues the dogs we have rescued have faced. We homed 148 dogs from our Centre and rented kennel spaces in the regions, 2021 was a difficult year for homing as fewer home offers were received. The increased complexity of physical and behavioural conditions that we saw meant that it was more difficult to match the dogs to suitable homes.

2021 continued to present us with numerous challenges. Unfortunately, with the lifting of restrictions, in line with the experiences of other rescues we also saw an increase in owners unable to care for their dogs. We received a significant increase in the number of requests for assistance.

Once the dogs are in their forever homes, new families continue to receive ongoing support and advice from our qualified behaviourists, for the dog’s entire life. During the year we supported 74 families through our Post Homing Support team. Many of our dogs have never lived in a home environment and some take time to adapt to a companion dog lifestyle as they have not been treated in this way before. The aim of this service is to support our adopters and to improve the chances of a dog being able to stay in the home that they have been matched to.

We continue to build on homing initiatives from recent years that are proving to be very successful, such as our Out of Area homing service, offering homings to those living outside of our operating regions. We have developed a team of home callers who efficiently support this service. And our ‘Home from Home’ for people who wish to relinquish their dog to us; we enable them to keep the dog until the point of homing. This frees up kennel space for other needy dogs.

Welfare

The steady stream of racing greyhounds in need of rescue and emergency funding continued, and with ongoing pandemic restrictions it proved difficult to organise veterinary treatment, move and home dogs, and even care for them in kennels whilst having to restrict the number of people who could visit and help.

We have reported any evidence uncovered of neglect of racing or former racing greyhounds to the Greyhound Board of Great Britain (GBGB) and also, where appropriate, to the RSPCA. We also gather evidence to inform the wider picture of the welfare issues and exploitation of greyhounds by the greyhound racing industry. We continue to support the promotion of improved greyhound and lurcher welfare through our membership of appropriate bodies and are a fully active member of the Association of Dogs and Cats Homes (ADCH).

Forever Hound’s Trust is calling for a phasing out of greyhound racing in the UK. In the Autumn of 2021, we supported the campaign to ban greyhound racing in Wales.

With support from the Marjorie Coote Animal Charity Trust, we have started a trial of a physiotherapy programme for the dogs in our care at our centre in Devon. Following their veterinary check, a significant Page 5

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

number of dogs are identified as needing physiotherapy assessment and intervention. 2021 saw 25 of the dogs at the centre assessed and treated by a veterinary physiotherapist. The very nature of greyhound racing and the way that lurchers are used in hare coursing means that their bodies are put under immense strain. These factors along with the dogs often being kept in poor conditions, as well as injuries being left untreated mean that rehabilitation is a vital part of the work we do.

Partnership

There are many groups working throughout the UK for the welfare of unwanted greyhounds and lurchers. Forever Hounds Trust is in contact with many of these groups and individuals. We have a policy of assisting those where there are established links and where the organisation's aims are in line with our charitable objectives. This often takes the form of accepting rescued dogs from them for homing, especially where those dogs come from areas with a high number of abandoned or unwanted dogs.

The charity Battersea Dogs & Cats Home (Battersea) has long been a supporter of the work of Forever Hounds Trust. We are now a Battersea Animal Partner. This means that we learn from Battersea’s vast pool of knowledge and can take advantage of new training and networking opportunities. Our sighthound experience benefits the Battersea team when they need specific advice in support of sighthounds.

Throughout 2021 we built on the strong mutually beneficial working relationship with Teckels Animal Sanctuary established in 2020. We homed 26 dogs within the year from the kennels in Gloucester and took in a further 23. This initiative was started with help from Battersea, and now Battersea use this as a good practice case study of collaborative working. In Spring 2021 we established a new partnership with Oxford Animal Sanctuary, with 10 rescue spaces where the hounds are cared for by appropriately trained staff and with our regular input and support. As well as working with these groups, we also accept greyhounds directly from trainers when we can, and from individual sighthound owners who are no longer able to keep their dogs.

We continue to have a good relationship with Police forces in Thames Valley and Hampshire; we assist in homing dogs which have been seized during illegal activities (such as coursing).

FUNDRAISING ACTIVITIES AND INCOME GENERATION

Our community fundraising activities made a very gradual return to in person events in Autumn 2021 but slowed again with further restrictions introduced in December 2021. We issued guidance for covid-safe events for our fundraisers to support moving back to in person activities.

In April 2021 our charity shop in Haywards Heath re-opened with a Covid-secure environment, asking our customers and supporters to keep ‘2 greyhounds apart’. The team worked hard to transform the shop with new displays of spring clothes, gifts, vintage items, books and much more. The shop closed with the end of the lease in June.

Members, Friends and Supporters

Throughout 2021, our members, supporters and volunteers continued to find innovative and effective ways to raise funds and public awareness for our charity and our work.

We have undertaken a major project to review the data that we hold on our supporters. In the year our number of Friends, who support us with monthly or annual gifts was 220, and we had 93 Friends for Life.

Our Big Give Christmas Challenge focussed on fundraising to support our ‘Neuter to protect their future’ appeal and brought in £16,359.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

Online fundraising

Facebook continues to be our best performing platform, increasing to 30,000 followers this year. The Instagram platform helped us connect with new audiences and drive our merchandise sales at Christmas with 7,000 followers.

Throughout the year we have run online campaigns focussing on individual dogs needs for surgery and treatment to rehabilitate them ready for a home. This included funds for Finn who needed surgery to repair his cruciate ligament and for Starling who needed surgery to treat her corns which were causing severe lameness.

We have been delighted to see our increase in online support, given the restrictions on face-to-face communications.

Charitable Trusts

There were several successful grant applications made during 2027.

Battersea awarded £10,000 under their Animal Partnership Programme. This funded improvements at the centre, to the fire detection and alarm system and initiatives to improve comfort and create a better environment for the dogs waiting for their home.

The beginning of 2021 saw our Dorset volunteer fundraising team secure £2,000 worth of charity Lifelines through Support Adoption for Pets and Pets at Home. This went towards double-ended training leads, new bedding for dogs in our care and worming treatments

The PawPrints Charitable Trust have generously donated £40,000 towards a therapy suit at the Devon Centre. This restricted donation will fund a section of a building which will be used for onsite veterinary and physio assessment and treatment.

Legacies

Legacies continue to be an important area of income for us, and we are extremely grateful to those who remember our work in their Will. Income credited for the year, including sums accrued, totalled £584,242 (2020: £249,815). As indicated elsewhere, a large legacy of shares in excess of £400,000 was received from the sale of investments from the estate of Phyllis Green, deceased, as well as a number of other smaller legacies in 2021 and the first half of 2022.

We have also received a small number of In Memory gifts, and this additional revenue stream is promoted on our web site, with a specific page of remembrance. We also supply special envelopes to friends and families should they wish to make a collection in memory of one of our supporters.

FINANCIAL REVIEW

a. GOING CONCERN

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for at least 12 months from the date of signing this report.

For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2021

b. RESERVES POLICY

In accordance with Charity Commission guidance, the Trustees’ policy is to aim for reserves equal to at least six months of normal expenditure being c.£450,000. At the end of the period, unrestricted reserves amounted to £589,914 (2020: £579,307) and represented around 8 months’ normal expenditure. Significant reserves are necessary as the charity depends largely on fundraising and on homing dogs, which can be extremely variable both in time taken and in expenditure related to the welfare of the dogs.

c. INVESTMENT POLICY AND PERFORMANCE

The Charity’s surplus funds are held on instant access or short-term notice with various banks, building societies etc., all covered by the Financial Services Compensation Scheme. At year-end, £353,165 of the unrestricted reserves was invested in the Devon centre and its kennels. Longer-term investment of other funds will be considered as and when funds are available.

d. FINANCIAL REVIEW The Charity made a surplus of £58,980 for the year (2020: deficit £31,469); resulting in total funds of £661,002 (2019: £633,491). This is after accounting for legacies of £618,108 (2020: £249,815).

in addition to general income from donations of £188,283 (2019 £202,350), homing donations continue to be a significant source of income £32,355 (2020: £42,470). These income streams are dependent on the generosity of the public and the hard work of our many vital volunteers; Trustees remain overwhelmed by the kindness and dedication of all the charity’s supporters.

PLANS FOR THE FUTURE

Our Vision remains a day when every sighthound is free from risk or need. Our future plans are driven by our Mission and Values, which were discussed and reconfirmed in 2019; in our Values we aim to be passionate, compassionate, and professional in everything we do.

Our agreed Mission is set out below:

To achieve our Mission, our plans include embedding the organisational changes made over the last year to get us on a secure financial footing and getting our new Centre fully operational. In the coming year we will start work on the development of a new Strategic Plan, looking at how we can further support our staff and volunteers, diversify our fundraising streams, review our approach to campaigning, raise awareness of our work and be best in class for sighthound welfare.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2021

NN

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The Trustees (who are also the Directors of the charity for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and 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.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Th d\Frusts es” Report, incorporating a strategic report, was approved by order of the Board of Trustees, as the combgey‘4 directorS, on OL PRe- and signed on its behalf by: Jan Lake Chair of Trustees

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOREVER HOUNDS TRUST

OPINION

We have audited the financial statements of Forever Hounds Trust (the ‘charity') for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

OTHER INFORMATION

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors’ Report thereon. The Trustees are responsible for the other information contained within the Annual Report. 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. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF FOREVER HOUNDS TRUST (CONTINUED)

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

in the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the Trustees’ Responsibilities Statement, 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 preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF FOREVER HOUNDS TRUST (CONTINUED)

AUDITORS’ RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a result of these procedures, we have considered the opportunities and incentives that may exist within the organisation for fraud and identified the highest area of risk to be in relation to revenue recognition, with a particular risk in relation to year-end cut off. In common with all audits under ISAs (UK) we are also required to perform specific procedures to respond to the risk of management override.

We have also obtained understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act, Charity SORP 2019, FRS 102 and the terms and conditions attaching to material grants received by the charitable company.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the charitable company's ability to operate or avoid a material penalty. These included data protection regulations, health and safety regulations and employment legislation.

Our procedures to respond to risks identified included the following:

We also communicated identified laws and regulations and potential fraud risks to the trustee of the engagement team and remained alert to possible indicators of fraud or non-compliance with laws and regulations throughout the audit.

As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material misstatement in financial statements or non-compliance with regulation, will be detected by us. The risk

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF FOREVER HOUNDS TRUST (CONTINUED)

increases the further removed compliance with a law and regulation is from the events and transactions reflected in the financial statements, given we will be less likely to be aware of it, or should the irregularity occur as a result of fraud rather than a one off error, as this may involve intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ Report.

OTHER MATTERS

The prior year comparative figures were not audited.

USE OF OUR REPORT

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. ish ploy b David Butler FCA DChA (Senior Statutory Auditor) for and on behalf of Bishop Fleming LLP Chartered Accountants Statutory Auditors 10 Temple Back Bristol BS1 6FL Date. JU Gnenh Zot

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

Total
Restricted Unrestricted Total funds
funds funds funds Unaudited
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 3 56,336 833,097 889,433 537,831
Charitable activities 4 - 89,747 89,747 122,761
Other trading activities: 5
Fundraising - 70,764 70,764 68,183
Trading activities - 64,526 64,526 90,983
Investments 6 - 438 438 696
Total income 56,336 1,058,572 1,114,908 820,454
Expenditure on: ee —
Raising funds: 7
Voluntary income - 1,829 1,829 4,689
Fundraising trading - 31,218 31,218 26,599
Other raising funds - 7 7 -
Charitable activities 8 7,963 1,014,911 1,022,874 820,635
Total expenditure 7,963 1,047,965 1,055,928 851,923
Net movement in funds 48,373 10,607 58,980 (31,469)
Reconciliation of funds:
Total funds brought forward 22,715 579,307 602,022 633,491
Net movement in funds 48,373 10,607 58,980 (31,469)
Totalfundscarriedforward 71,088 589,914 661,002 602,022

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 34 form part of these financial statements.

Page 14

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:06985367

BALANCE SHEET AS AT 31 DECEMBER 2021

Unaudited
2021 2020
Note £ £
Fixed assets
Tangible assets 12 670,156 613,560
670,156 613,560
Current assets
Stocks 20,204 8,624
Debtors 13 93,091 209,071
Cash at bank and in hand 313,910 124,203
427,205 341,898
Creditors: amounts falling due within one
year 14 (152,542) (62,023)
Net current assets 274,663 279,875
Total assets less current liabilities 944,819 893,435
Creditors: amounts falling due aftermore
than one year 15 (283,817) (291,413)
Total net assets 661,002 602,022
Charity funds
Restricted funds 16 71,088 22,715
Unrestricted funds
Designated funds 16 314,992 282,329
General funds 16 274,922 296,978
Total unrestricted funds 16 589,914 579,307
Totalfunds 661,002 602,022

Page 15

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:06985367

BALANCE SHEET (CONTINUED) . AS AT 31 DECEMBER 2021

Lt

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statemenis.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The _ financial 4tements were approved and authorised for issue by the Trustees on ZAloal2922 and signed on their behalf by: ’

Jan Lake (Chair of Trustees)

The notes on pages 18 to 34 form part of these financial statements.

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:
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Page 16

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Unaudited| |2021|2020| |£|£| |Cash|flows|from|operating|activities| |Net|cash|used|in|operating|activities|260,105|354,212| |Cash|flows|from|investing|activities| |Dividends,|interests|and|rents|from|investments|84|696| |Proceeds|from|the|sale|of tangible|fixed|assets|-|43| |Purchase|of tangible|fixed|assets|(70,482)|(598,876)| |Net|cash|used|in|investing|activities|(70,398)|(598,137)| |Cash|flows|from|financing|activities| |Net|cash|provided|by|financing|activities|-|-| |Change|in|cash|and|cash|equivalents|in|the|year|189,707|(243,925)| |Cash|and|cash|equivalents|at the|beginning|of the|year|124,203|368,128| |Cash|and|cash|equivalents|at the|end|of the|year|313,910|124,203| |The|notes|on|pages|18|to|34|form|part|of these|financial|statements|

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Page 17

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

  1. GENERAL INFORMATION

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company beign wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The registered office is Chave Lane, Brithem Bottom, Cullompton, EX15 INE.

  1. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Forever Hounds Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.

The Trustees continue to monitor the impact that Covid-19 is having on operations and are taking actions to minimise their effect on the long-term reserves of the charity. Under all the scenarios reviewed, the charity has sufficient reserves to enable it to continue as a going concern for the foreseeable future. For this reason it continues to adopt the going concern basis in preparing the financial statements.

2.3. INCOME All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 18

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES (continued)

2.4 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 GOVERNMENT GRANTS

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - Nil
Motor vehicles - 4 years straight line
Office equipment - 3 years straight line
Moveableassets -4yearsstraightline

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.

Page 19

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

. 2. ACCOUNTING POLICIES (continued)

2.8 STOCKS

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 DEBTORS

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 CASH AT BANK AND IN HAND

Cash at bank and 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.

2.11 LIABILITIES AND PROVISIONS

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past eveni, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present vaiue of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.12 FINANCIAL INSTRUMENTS

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their setthkement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 OPERATING LEASES

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.

2.14 PENSIONS

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 20

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

  1. ACCOUNTING POLICIES (continued)

2.15 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

  1. INCOME FROM DONATIONS AND LEGACIES
Total
Restricted Unrestricted Total funds
funds funds funds Unaudited
2021 2021 2021 2020
£ £ £ £
Donations - 188,283 188,283 202,350
Legacies - 618,108 618,108 249,815
Grants 56,336 22,257 78,593 77,250
Coronavirus Job Retention Scheme Grant - 4,449 4,449 8,416
56,336 833,097 889,433 537,831
TOTAL2020 38,500 499,331 537,831

Page 21

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

,

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

4, INCOME FROM CHARITABLE ACTIVITIES

Total
Unrestricted Total funds
funds funds Unaudited
2021 2021 2020
£ £ £
Sales ofdog merchandise 49,392 49,392 68,894
Homing donations 32,355 32,355 42,470
Dog intake donations 4,790 4,790 5,170
Homing fees 3,210 3,210 6,227
89,747 89,747 122,761
TOTAL2020 122,761 122,761
  1. INCOME FROM OTHER TRADING ACTIVITIES

Income from fundraising events

Total
Unrestricted Total funds
funds funds Unaudited
2021 2021 2020
£ £ £
50/50 club 6,524 6,524 6,508
Raffle and draws 4,552 4,552 4,234
Sponsorship events 866 866 617
Commission 22,548 22,548 22,611
Friends subscriptions 23,210 23,210 22,571
Sponsor-a-dog subscriptions 13,064 13,064 11,642
70,764 70,764 68,183
TOTAL2020 68,183 68,183

Page 22

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. INCOME FROM OTHER TRADING ACTIVITIES (CONTINUED)

Income from non charitable trading activities

Total
Unrestricted Total funds
funds funds Unaudited
2021 2021 2020
£ £ £
Trading activities 64,526 64,526 90,983
TOTAL 2020 90,983 90,983
6. INVESTMENT INCOME
Total
Unrestricted Total funds
funds funds Unaudited
2021 2021 2020
£ £ £
Income from local listed investments - - 661
Investment income - local cash 438 438 35
438 438 696
TOTAL 2020 696 696
7. EXPENDITURE ON RAISING FUNDS
COSTS OF RAISING VOLUNTARY INCOME
Total
Unrestricted Total funds
funds funds Unaudited
2021 2021 2020
£ £ £
Costs of raising voluntary income 1,829 1,829 4,689
TOTAL2020 4,689 4,689

Page 23

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. EXPENDITURE ON RAISING FUNDS (CONTINUED)

FUNDRAISING TRADING EXPENSES

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|||||||| |---|---|---|---|---|---|---| |Total| |Unrestricted|Total|funds| |funds|funds|Unaudited| |2021|2021|2020| |£|£|£| |50/50|club|3,352|3,352|2,618| |Raffle|and|draw|costs|868|868|500| |Marketing|materials|-|-|975| |Friends|costs|3,192|3,192|539| |7,412|7,412|4,632| |TOTAL|2020|4,632|4,632|

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OTHER TRADING EXPENSES

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||||||| |---|---|---|---|---|---| |Total| |Unrestricted|Total|funds| |funds|funds|Unaudited| |2021|2021|2020| |£|£|£| |Non-dog|merchandise|costs|23,813|23,813|21,967| |TOTAL|2020|21,967|21,967|

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  1. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Summary by fund type

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|Total|Unaudited| |2021|2021|2021|2020| |£|£|£|£| |Animal|rescue|7,963|1,014,971|1,022,874|820,635| |TOTAL|2020|55,465|765,170|820,635|

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Page 24

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES

Activities
undertaken
directly		 Support
costs		 Total
funds		 Total
funds
—_Unaudited
2021 2021 2021 2020
£ £ £ £
Animal rescue 734,743 288,131 1,022,874 820,635
TOTAL 2020 590,926 229,709 820,635
ANALYSISOFDIRECTCOSTS
Total
Animal Total funds
rescue funds Unaudited
2021 2021 2020
£ £ £
Staffcosts 422,785 422,785 278,612
Kennel costs 192,172 192,172 154,092
Veterinary costs 86,046 86,046 105,076
Other staff costs 2,620 2,620 20
Dog merchandise 31,120 31,120 53,126
734,743 734,743 590,926
TOTAL2020 590,926 590,926

:

Page 25

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF SUPPORT COSTS

Total
Animal Total funds
rescue funds Unaudited
2021 2021 2020
£ £ £
Depreciation 13,886 13,886 35,262
Advertising, Publicity and information leaflets 3,380 3,380 3,031
Postage, printing and stationery 25,002 25,002 22,535
Motorexpenses 15,939 15,939 10,020
Professional and consultancyfees 15,658 15,658 32,580
Telephone 10,528 10,528 12,017
Computer expenses 24,402 24,402 22,919
Travelling costs 6,828 6,828 10,378
Insurance 4,389 4,389 6,716
Bank charges 16,892 16,892 7,712
(Profit)/Loss on sale offixed assets - - (43)
Sundry 99,675 99,675 8,505
Premises costs 37,264 37,264 47,233
Governance costs 12,288 12,288 10,439
Training 2,000 2,000 405
288,131 288,131 229,709
TOTAL 2020 229,709 229,709
10. STAFF COSTS
Unaudited
2021 2020
£ £
Wages and salaries 384,090 259,967
Social security costs 24,872 11,705
Contribution to defined contribution pension schemes 13,823 6,940
422,785 278,612

Page 26

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

  1. STAFF COSTS (CONTINUED)

The average number of persons employed by the Charity during the year was as follows:

Unaudited
2021 2020
No. No.
Total employees 23 16

No employee received remuneration amounting to more than £60,000 in either year.

Total employee benefits of key management personnel in the year ended 31 December 2021 amount to £30,285 (2020: £Nil).

11. TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2020 - ENIL).

During the year ended 31 December 2021, expenses totalling £405 were reimbursed or paid directly to 3 Trustees (2020 - £997 to 3 Trustees) relating to training, travel and subsistence.

12. TANGIBLE FIXED ASSETS

Freehold
property		 Motor
vehicles		 Office
equipment		 Moveable
assets		 Total
£ £ £ £ £
COST OR VALUATION
At
7 January 2021		 581,595 96,249 26,616 57,244 761,704
Additions 24,809 - - 45,673 70,482
At 31 December2021 606,404 96,249 26,616 102,917 832,186
DEPRECIATION
At 1 January2021 - 80,752 23,973 43,419 148,144
Charge for the year - 6,516 1,158 6,212 13,886
At 31 December2021 - 87,268 25,131 49,631 162,030
NET BOOK VALUE
At 31 December 2021 606,404 8,981 1,485 53,286 670,156
At31December2020 581,595 15,497 2,643 13,825 613,560

Page 27

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

  1. DEBTORS
Unaudited
2021 2020
£ £
DUE WITHIN ONE YEAR
Other debtors 20,043 29,115
Prepayments and accrued income 73,048 179,956
93,091 209,071

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Unaudited
2021 2020
£ £
Bank loans 7,595 7,853
Trade creditors 40,146 39,152
Other taxation and social security 7,480 7,408
Other creditors 3 3
Accruals and deferred income 97,318 7,607
152,542 62,023

At the year end, an amount of £7,595 (2020 - £7,853) of bank loans due within one year were secured against the Charity’s assets.

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Unaudited
2021 2020
£ £
Bank loans 283,817 291,413
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the
reportingdateis:
Unaudited
2021 2020
£ £
Payable or repayable by instalments 251,047 257,358
251,047 257,358

At the year end, an amount of £283,817 (2020 - £291,413) of bank loans due after more than one year were secured against the Charity's assets.

Page 28

: :

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

16. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR

Balance at
Balance at 1 31
January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Designated Property Fund 282,329 - - 32,663 314,992
GENERAL FUNDS
General Funds 296,978 1,058,572 (1,047,965) (32,663) 274,922
TOTAL UNRESTRICTED
FUNDS 579,307 1,058,572 (1,047,965) - 589,914
Balance at
Balance at 1 31
January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
RESTRICTED FUNDS
L E Andrews -Van donation 2,923 - (2,923) - -
Battersea Animal Partners
Grant 6,984 - - - 6,984
Co-op Local Community fund 995 - (834) - 161
Mrs D M France- Hayhurst
Foundation -Van donation 3,938 - (1,125) - 2,813
Jean SainsburyAnimal Welfare
Trust		 - - (241) - (241)
SupportAdoption for Pets -Vet
costs - 3,836 (590) - 3,246
LEAndrews -Van donation 4,375 - (1,250) - 3,125
Battersea Dogs and Cats
Home - van for behaviourists 3,500 - (1,000) - 2,500
Animal Friends Insurance - 2,000 - - 2,000
PawPrints Charitable Trust - 40,000 - - 40,000
Battersea Dogs and Cats
Home - 10,000 - - 10,000
Valarie White Memorial Trust - 500 - - 500
22,715 56,336 (7,963) - 71,088

Page 29

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

  1. STATEMENT OF FUNDS (CONTINUED)

TOTAL OF FUNDS 602,022 1,114,908 (1,055,928)

DESIGNATED FUNDS

The Cottage kennels fund relates to funds set aside for the purchase of kennels in Devon for the Charity to operate themselves to meet their charitable aims. The kennels were purchased in November 2020, and this designated fund now represents the cost of the property net of outstanding mortgage loan.

RESTRICTED FUNDS

VAN DONATIONS

These funds relate to donations towards the purchase and kitting out of vans. Expenditure represents depreciation and running costs on the vans purchased.

OTHER FUNDS

Support Adoption for Pets represents funds received towards vet fees, particularly dental treatment.

Battersea Animal Partners Grant is for the Home from Home cabin at Midsomer Pet Lodge.

Co-op Local Community fund represents funds received towards beds, vet sundries and other sundries in the eastern region.

Animal Friends Insurance have contributed £2k towards food for the dogs at the Devon Centre.

Pawprints have contributed £40k which is held to go towards a veterinary and physio therapy suite at the Devon Centre.

Battersea Dogs and Cats contributed £10k which has funded safety and comfort enhancements at the Devon Centre.

Valerie White gifted £500 which will be spent on the Devon Centre in 2022.

Page 30

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

16. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unaudited| |Unaudited|Balance|at| |Balance|at|31| |1|January|Transfers|| December| |2020|Income|Expenditure|in/out|2020| |£|£|£|£|£| |UNRESTRICTED|FUNDS| |DESIGNATED|FUNDS| |Designated|Property|Fund|280,000|-|-|2,329|282,329| |GENERAL|FUNDS| |General|Funds|313,811|781,954|(796,458)|(2,329)|296,978| |TOTAL|UNRESTRICTED| |FUNDS|593,811|781,954|(796,458)|-|579,307| |RESTRICTED|FUNDS| |Support Adoption|for|Pets|- Van| |donation|2,259|-|(2,259)|-|-| |LE|Andrews|Charitable|Trust|-| |Van|donation|6,333|-|(6,333)|-|-| |L|E Andrews|- Van|donation|15,120|-|(12,197)|-|2,923| |Battersea|Animal|Partners| |Grant|13,968|-|(6,984)|-|6,984| |Co-op|Local|Community|fund|2,000|-|(1,005)|-|995| |Mrs|D|M|France-|Hayhurst| |Foundation|- Van|donation|-|4,500|(562)|-|3,938| |Support Adoption|for|Pets|- Vet| |costs|-|20,000|(20,000)|-|-| |LE Andrews|- Van|donation|-|5,000|(625)|-|4,375| |Battersea|Dogs|and|Cats| |Home|-|van|for|behaviourists|-|4,000|(500)|-|3,500| |Battersea|Dogs|and|Cats| |Home|-|extra|kennel|spaces|-|5,000|(5,000)|-|-| |39,680|38,500|(55,465)|-|22,715| |TOTAL OF|FUNDS|633,491|820,454|(851,923)|-|602,022|

----- End of picture text -----

Page 31

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

17. SUMMARY OF FUNDS

SUMMARY OF FUNDS - CURRENT YEAR

Balance at
Balance at 1 31
January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
Designated funds 282,329 - - 32,663 314,992
General funds 296,978 1,058,572 (1,047,965) (32,663) 274,922
Restricted funds 22,715 56,336 (7,963) - 71,088
602,022 1,114,908 (1,055,928) - 661,002
SUMMARY OF FUNDS - PRIOR YEAR
Unaudited Balance at
Balance at 31
1 January Transfers December
2020 Income Expenditure in/out 2020
£ £ £ £ £
Designated funds 280,000 - - 2,329 282,329
General funds 313,811 781,954 (796,458) (2,329) 296,978
Restricted funds 39,680 38,500 (55,465) - 22,715
633,491 820,454 (851,923) - 602,022
  1. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Restricted Unrestricted Total
funds funds funds
2021 2021 2021
£ £ £
Tangible fixed assets 8,437 661,719 670,156
Current assets 62,651 364,554 427,205
Creditors due within one year ~ (152,542) (152,542)
Creditors due in more than one year - (283,817) (283,817)
TOTAL 71,088 589,914 661,002

Page 32

FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |Unaudited|Unaudited|Unaudited| |2020|2020|2020| |£|£|£| |Tangible|fixed|assets|14,736|598,824|613,560| |Current|assets|7,979|333,919|341,898| |Creditors|due|within|one|year|-|(62,023)|(62,023)| |Creditors|due|in|more|than|one|year|-|(291,413)|(291,413)| |TOTAL|22,715|579,307|602,022| |RECONCILIATION|OF|NET|MOVEMENT|IN|FUNDS|TO|NET|CASH|FLOW|FROM|OPERATING| |19.|ACTIVITIES| |Unaudited| |2021|2020| |£|£| |Net|income/expenditure|for|the|year|(as|per|Statement|of|Financial| |Activities)|58,980|(31,469)| |ADJUSTMENTS|FOR:| |Depreciation|charges|13,886|35,262| |Dividends,|interests|and|rents|from|investments|(84)|(696)| |Loss/(profit)|on|the|sale|of fixed|assets|-|(43)| |Decrease/(increase)|in|stocks|(11,580)|422| |Decrease|in|debtors|115,980|30,594| |Increase|in|creditors|82,923|320,142| |NET|CASH|PROVIDED|BY OPERATING|ACTIVITIES|260,105|354,212| |20.|ANALYSIS|OF|CASH|AND|CASH|EQUIVALENTS| |Unaudited| |2021|2020| |£|£| |Cash|in|hand|313,910|124,203| |TOTAL|CASH AND CASH|EQUIVALENTS|313,910|124,203|

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FOREVER HOUNDS TRUST (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

21. ANALYSIS OF CHANGES IN NET DEBT

At1 At 31
January December
2021 Cash flows 2021
£ £ £
Cash at bank and in hand 124,203 189,707 313,910
Debt due within 7 year (7,853) 258 (7,595)
Debt due after 1 year (291,413) 7,596 (283,817)
(175,063) 197,561 22,498

22. OPERATING LEASE COMMITMENTS

At 31 December 2021 the Charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Unaudited
2021 2020
£ £
Not later than 1 year 8,333 35,500
Later than 1 year and not later than 5 years - 80,000
Later than 5 years - 10,708
8,333 126,208

23. RELATED PARTY TRANSACTIONS

In addition to their time, the trustees often provide support to the charity in the form of monetary donations and the donations of goods for sale in the charity's shop. During the year the trustees, in aggregate, made donations of £nil (2020 - £815).

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