Charity Number 1141122 Company Number 06669864
German Shepherd Dog Rescue
Report of the Trustees and Financial Statements
For the year ended 31 March 2022
German Shepherd Dog Rescue Report of the Trustees and Financial Statements For the year ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31st March 2022. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
The objectives of the charity are to provide shelter, support and rescue to German Shepherd Dogs, GSD crosses and Caucasian Shepherds that are suffering as a result of cruelty, hardship, neglect, homelessness, and to assist wherever possible in re-homing and if necessary, rehabilitating these animals. We also offer free help and advice to owners on all aspects of owning these breeds including training and health.
GSDR liaises with rescue centres, dog pounds and members of the public in order to identify animals requiring our services, and we endeavour to raise funds in order to support the running costs of the charity.
Our website is used to provide valuable free information for the general public on all aspects of owning a GSD.
PUBLIC BENEFIT
The Trustees are satisfied that the activities of the charity are carried out for the public benefit, having due regard for guidance given by The Charity Commission.
VOLUNTEER SUPPORT
GSDR is run entirely by volunteers and it is through this network of volunteers that we assess the needs of dogs referred to us by owners, vets, kennels, dog wardens and the police, and strive to provide either ongoing care, new homes or rehabilitation training.
We use commercial boarding kennels and thoroughly vetted foster homes to provide shelter and care for the dogs that cannot remain in their current home until such time as a permanent solution to their needs are found. Volunteers where possible, also provide exercise, grooming and socialising to dogs in kennels.
ACHIEVEMENT AND PERFORMANCE
This financial year has been the most challenging that we have ever faced because of the after effects of the pandemic and rising costs. Restrictions during the pandemic meant that many dogs already in our care spent lengthy periods in kennels with little interaction with the outside world. Some of these dogs have been in kennels a year or more with little prospect of them ever finding homes with owners who will be prepared to be patient and work with the issues the dog developed as a result of their incarceration.
All rescues in the UK have been overwhelmed with dogs needing to find new homes, most of which were purchased as a novelty whilst owners were on furlough. Like all other rescues we have reached capacity and have had to turn away many dogs because we simply have nowhere to house them until new homes can be found.
The number of adoption applications is still high but most are totally unsuitable and not willing to adopt anything but a perfect dog. A major problem this year has been new adopters rejecting their new dog within a few days or even hours.
Volunteers have continued to work hard to maintain rescue activities but they are faced with a very difficult task given the publics changing attitudes in relation to pets.
Many pet owners are struggling with increasing costs of owning pets or because they are having to take on extra work to increase their income to just pay for the basics. This is adding further pressure to rescues as owners are having to give up their pets because of the lengthy hours they are being left home alone.
FINANCIAL REVIEW
Fundraising has been severely impacted this year and has never recovered to what is was prior to the pandemic. People are less willing to fundraise and generally, donations have been affected because of the impact of increased living costs which have dramatically lowered peoples disposable income.
GSDR received further legacies during the financial year which has meant that our operating costs have not eaten into our financial reserves.
We have incurred legal costs this financial year due to a legacy in which GSDR was one of 7 charities named as a beneficiary. The lead charity has been the RSPCA because of their legal expertise in such matters but we have had to utilise the services of an expert legal firm to resolve issues that have arisen. We expect some further legal costs before the matter is concluded.
Reserves are held against future costs of running the charity, and profits raised are reserved in an unrestricted fund account. The charity seeks to maintain a level of unrestricted free reserves equivalent to at least, the budgeted unrestricted expenditures for a period of 12mths. There is also the very real prospect that many dogs in our care will never be rehomed so we need sufficient reserves to ensure we can meet the costs of their ongoing care. As at 31st March 2021, German Shepherd Dog Rescue held unrestricted free reserves which is more than sufficient to comply with the adopted policy.
Part of one of the legacies previously left to GSDR included substantial investments which were transferred into the rescues name. Whilst they are performing, we will continue to hold on to those investments.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document, a deed of trust and constitutes an incorporated charity.
As one of the longest standing and one of the largest breed rescues in the UK, we constantly strive to improve on what we do, so that we can make a difference for dogs that need help or need a new home.
These are unprecedented times but the volunteers will continue to work to overcome the challenges and difficulties that lie ahead.. We aim to lead not follow.
REFERENCE AND ADMINISTRATIVE DETAILS:
Registered Charity number 289083 Registered Company Number 06669864
PRINCIPAL ADDRESS:
Little Vauld Marden Hereford HR1 3HA
TRUSTEES
J Shenstone J Lewis A Shenstone S Hewkin
INDEPENDENT EXAMINER:
CML Services 36 Dunster Road Chelmsley Wood, Birmingham B37 7TA
The website address for the charity is https://www.germanshepherdrescue.co.uk/
Approved by order of the board of trustees on 27/12/22 and signed on its behalf by:
J Shenstone - Trustee
GERMAN SHEPHERD DOG RESCUE
Company No. 06669864
Director's Report and Unaudited Accounts
31 March 2022
GERMAN SHEPHERD DOG RESCUE Contents
| Pages | |
|---|---|
| Company Information | 2 |
| Director's Report | 3 |
| Accountant's Report | 4 |
| Income and Expenditure Account | 5 |
| Statement of Comprehensive Income | 6 |
| Balance Sheet | 7 |
| Statement of Changes in Equity | 8 |
| Notes to the Accounts | 9 to 15 |
Page 1
GERMAN SHEPHERD DOG RESCUE Company Information
Director
J. Shenstone
Secretary
J. Shenstone
Registered Office
Little Vauld THE Vauld Marden Hereford HR1 3HA
Accountants
CML Services 36 Dunster Road Chelmsley Wood Birmingham B37 7TA
Page 2
GERMAN SHEPHERD DOG RESCUE Directors Report
The Director presents her report and the accounts for the year ended 31 March 2022.
Principal activities
The principal activity of the company during the year under review was German Shepherd Dog Rescue. The Company operates as a Charity providing care and support to rescued German Shepherd Dogs and Caucasian Shepherds.
Director
The Director who served at any time during the year was as follows:
- J. Shenstone
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
J. Shenstone
Company Secretary 31 March 2022
Page 3
GERMAN SHEPHERD DOG RESCUE Accountants Report
Accountant's Report to the director of GERMAN SHEPHERD DOG RESCUE on the preparation of the unaudited statutory accounts for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006 and in accordance with your instructions, we have prepared for your approval the financial statements of GERMAN SHEPHERD DOG RESCUE for the year ended 31 March 2022 set out on pages 5 to 15 from the company's accounting records and from information and explanations you have given us.
You consider that the company is exempt from an audit for the year ended 31 March 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing financial statements that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit for the year.
We have not carried out an audit or a review of the financial statements of GERMAN SHEPHERD DOG RESCUE. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CML Services Accountants 36 Dunster Road Chelmsley Wood Birmingham B37 7TA 31 March 2022
Page 4
GERMAN SHEPHERD DOG RESCUE Income and Expenditure Account
for the year ended 31 March 2022
| for the year ended 31 March 2022 | ||
|---|---|---|
| Turnover Cost of Sales Gross profit Administrative expenses Operating surplus Income from investments Other interest receivable Surplus on ordinary activities before taxation Taxation Surplus for the financial year after taxation |
2022 £ 404,887 (417) 404,470 (223,647) 180,823 19,949 46 200,818 - 200,818 |
2021 £ 168,234 - |
| 168,234 (150,359) |
||
| 17,875 - - |
||
| 17,875 - |
||
| 17,875 |
Page 5
GERMAN SHEPHERD DOG RESCUE Balance Sheet
at 31 March 2022
| at 31 March 2022 | |
|---|---|
| Company No. 06669864 Notes 2022 £ Fixed assets Tangible assets 4 4,759 Investments 5 245,188 249,947 Current assets Debtors 6 2,578 Cash at bank and in hand 1,198,009 1,200,587 Creditors:Amount falling due within one year 7 (800) Net current assets 1,199,787 Total assets less current liabilities 1,449,734 Net assets 1,449,734 Reserves Income and expenditure account 1,449,734 Total equity 1,449,734 |
2021 £ 11,686 221,065 |
| 232,751 - 1,021,939 |
|
| 1,021,939 (2,894) |
|
| 1,019,045 1,251,796 |
|
| 1,251,796 | |
| 1,251,796 | |
| 1,251,796 |
Total equity
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2022
And signed on its behalf by:
J. Shenstone
Director 31 March 2022
Page 6
GERMAN SHEPHERD DOG RESCUE Statement of Changes in Equity
for the year ended 31 March 2022
| for the year ended 31 March 2022 | ||
|---|---|---|
| At 1 April 2020 Surplus for the year At 31 March 2021 and 1 April 2021 Surplus for the year At 31 March 2022 |
Income and Expenditure Account £ 1,233,921 17,875 1,248,916 |
Total equity £ 1,233,921 |
| 17,875 | ||
| 1,248,916 | ||
| 200,818 | 200,818 | |
| 1,449,734 | ||
| 1,449,734 | ||
Page 7
GERMAN SHEPHERD DOG RESCUE Notes to the Accounts
for the year ended 31 March 2022
- 1 General information
GERMAN SHEPHERD DOG RESCUE is a private company limited by guarantee and incorporated in England and Wales.
Its registered number is: 06669864 Its registered office is: Little Vauld THE Vauld Marden Hereford HR1 3HA
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
- 2 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
-
the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
-
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
-
the amount of revenue can be measured reliably;
-
it is probable that the economic benefits associated with the transaction will flow to the Company; and
-
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Page 8
GERMAN SHEPHERD DOG RESCUE Notes to the Accounts
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles 25% Straight Line Furniture, fittings and equipment 25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from the surplus as reported in the income and expenditure account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in the income and expenditure account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the income and expenditure account.
No depreciation is provided in respect of investment properties.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in the income and expenditure account.
Page 9
GERMAN SHEPHERD DOG RESCUE Notes to the Accounts
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to income and expenditure account as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.
Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the income and expenditure account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Page 10
GERMAN SHEPHERD DOG RESCUE Notes to the Accounts
Leased assets
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income and expenditure account, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above).
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Defined contribution pensions
The Company has no employees and no defined pension schemes.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the income and expenditure account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.
3 Employees
| mployees | ||
|---|---|---|
| 2022 | 2021 | |
| Number | Number | |
| The average monthly number of employees (including directors) during the year was: |
0 | 0 |
Page 11
GERMAN SHEPHERD DOG RESCUE
Notes to the Accounts
4 Tangible fixed assets
| 4 Tangible fixed assets |
|||
|---|---|---|---|
| Cost or revaluation At 1 April 2021 At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 5 Investments Cost or valuation At 1 April 2021 Revaluation At 31 March 2022 Provisions/Impairment Net book values At 31 March 2022 At 31 March 2021 6 Debtors Trade debtors 7 Creditors: amounts falling due within one year Trade creditors |
Motor vehicles £ 35,837 |
Fixtures, fittings and equipment £ 20,830 |
Total £ 56,667 |
| 35,837 | 20,830 | 56,667 | |
| 27,640 4,098 |
17,341 2,829 |
44,981 6,927 |
|
| 31,738 | 20,170 | 51,908 | |
| 4,099 | 660 | 4,759 | |
| 8,197 | 3,489 | 11,686 | |
| Other investments - Listed £ 221,065 24,123 |
Total £ 221,065 24,123 |
||
| 245,188 | 245,188 | ||
| 245,188 | |||
| 245,188 | |||
| 221,065 | 221,065 | ||
| 2022 £ 2,578 |
2021 £ - |
||
| 2,578 | - | ||
| 2022 £ 800 |
2021 £ 2,894 |
||
| 800 | 2,894 |
8 Reserves
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
Page 12
GERMAN SHEPHERD DOG RESCUE Detailed Income and Expenditure Account
for the year ended 31 March 2022
| Turnover Other direct costs Other direct costs Cost of sales Gross profit Motor and travel costs Vehicles - General costs Operational Costs Transporting Dogs Veterinary Bills Kennel Fees and Dog Walking Food and Bedding Costs Repairs and Maintenance Other operational costs General administrative costs, including depreciation and amortisation Depreciation of motor vehicles Depreciation of fixtures, fittings and equipment Bank charges Charitable donations Equipment expensed General insurances Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Administrative expenses Operating surplus |
2022 £ 404,887 417 417 417 404,470 3,532 3,532 2,444 33,796 157,370 2,305 423 4,460 200,798 4,098 2,829 781 200 2,861 755 416 5,500 30 - 1,180 18,650 450 217 667 223,647 180,823 |
2021 £ 168,234 - |
|---|---|---|
| - | ||
| - 168,234 2,752 |
||
| 2,752 | ||
| 22,701 16,833 89,412 3,221 304 - |
||
| 132,471 | ||
| 4,098 2,829 1,789 500 |
||
| 3,458 | ||
| 427 136 6,639 - 576 789 |
||
| 21,241 | ||
| 270 | ||
| (6,375) | ||
| (6,105) | ||
| 150,359 | ||
| 17,875 |
Income from fixed asset investments
Page 13
GERMAN SHEPHERD DOG RESCUE Detailed Income and Expenditure Account
| GERMAN SHEPHERD DOG RESCUE Detailed Income and Expenditure Account |
||
|---|---|---|
| Other investment income Other interest receivable Bank interest receivable Surplus on ordinary activities before taxation |
19,949 19,949 46 46 200,818 |
- |
| - | ||
| - | ||
| - | ||
| 17,875 |
Page 14
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name
German Shepherd Dog Rescue
31 March 2022 On accounts for the year ended
Charity 1141122 no (if any)
Set out on pages 1-2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
- Please delete the words in the brackets if they do not apply.
Signed: C Hopkins
Date: 14/01/2023
1
Oct 2018
IER
Name: Christine F L Hopkins
Relevant Fellow Member of the Association of Accounting Technicians, professional qualification(s) or body (if any):
Address:
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
2
Oct 2018
IER
Give here brief details of any items that the examiner wishes to disclose .
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3
Oct 2018
IER