Company registration number. 07345762 Charlty reglstralon number. 1142968 K9 Focus Ltd (A oompany limited by guarantee) Annual Report and Fin8nd81 Ststements for the Year Ended 31 August 2024 WESTCOTTS ARTEAED A¢¢OUIITANrs BUSIIIESS ADVlaEQS
K9 Focus Ltd Contents Refererbce and Adminlstr8tlve Detall8 Trustees, Report 2to5 lTrJependent Exarrine¢s Report Statement of Flnan(aal Actlvilles Balance Sheet Notes to the Financlal Statements 9t018
K9 Focus Ltd Reference and Admlnlstrative Detslls Trustees Mr l Barne8 Mrs S Bames Mr P Holme8 Mrs L Hall Mr N Hall Ms C Sampson Mrs L Hall Charity Registration Number 1142968 Company Registration Number 07345762 The charity ts Inrporated In England and Wale5. Shepherds View SL Giles Torrington Devon EX38 7JU West¢otts ISW) LLP 47 Boutport Street Bamstaple Devon EX31 1SQ Regisl•r•d Office Indopendenl Examiner Page 1
K9 Focus Ltd Trustees. Report The trustees, who are directors for the Pu15e$ of cK)mp8ny law, present the annual report together with the financial slalemenls of the Charitable company for the year ended 31 August 2024. Structurei govemance and management K9 Focus Limited is a charitable company limited by guarantee, incorporated on 13 August 2010 and registered with the Charity Commission on 19 July 2011. The charity was established under a memorandum of associatK)n dated 13 August 2010 which establishes the objeotives and powers of the charf(able Company and is governed by its artides of association. ADDoinbnenl of Trustees Each year the Charfty reviews the current Trustees to ensure that they have the appropriate skill set to best meet the needs of the organization. Trustees are generally (but not solely) appointed from within the existing volunteer group as il is felt that they have the best understsnding of the aims and objective5 of the charity. Short-lisling and interviews take plaLE 8galn$t agreed criteria. Interviews are carried out by a small panel of existing trustees, and ea¢h candidate is asked similar questions to ensure a fair and objective approach. Notes are kept of each interview. Before appointing a new truslee the tNslee board wll make sure it is acting Mqthin the law. in accordance with the charitls goveming document, and that the prospectNe trustee is not disqualified from being a trustee. Prospeclive trustees will be asked about any conflict of interest before being appointed. Trustee appointments wll be voted ¢n and confirffled by the exist*ng board. All new Trustees will undertake training to ensure Ihat they are aware of their legal respon51bililie3. Objectiv•s and Actlvlties The charitys objectives as set out in its memorandum are as follow$-, {1) The provision of care and shelter for stray, neglected and unwanted Oogs together wllh ¢ompanion animaig of all kinds and Ihe prote¢th of animals from ilpusage. ffljelty and suffering 121 to prowde medical treatment armd endeavour to find suitable homes for such animals 131 to advance the education of the public in matters pertaining to animal welfare in general Publlc Benefit The Trustees consider that the objectives of the charity, as Stated above, comply with the Charity CommissKJn Public 8enefit requirements. The Tnjstees agree that the requirement for thje regard to the public benefit guidance have been satisfied. Page 2
K9 Focus Ltd Trustees, Report Achievemonts and Perfomiance A8 reported in previous years the impad of Covid on the dog population was massive with so many people purchasing dogs who qUe frankly hBd neveT previously thought about owning one let alone having an understsnding of their needs. Most rescues. Including ourselves subsequenuy saw the la51 out from this increase in ownershlp when indivlduals realised that once going back lo work they realty didn't have lime to provide Ihe welfare needs of their neY acquired pets resulting in so many being surrendered. Not only were the dogs being surrendered bul many had behavioural issues 1¢h meant they weTe in¢reasingly difficult to rehome resulting in nearly all kennels becoming full lo capacity. Several years down the line it Wds fell that this crisis would lessen and surrender3 would ease however this really hasn't been the case wth actual requests to take dogs in has, if anything, increased. For K9focus with the closure of its own onsite kennels this has proved to be an extremely challenging year working on 8 'home to home, and foster basis only. It has meant that the rescue has been unable to help as many dogs as il would like simply due lo the lack of experienced f051erers and dogs whith quite fiankly are unsuitable lo be placed slraighl into a home placlng the fostererladopter at risk due to behavioural issue$. Norrnally these types of dogs would be plad in kennels allwng them lime lo be fully assessed with a training plan put In place. The number of dogs being rehome(I has been at an all lime low {351 and has obviously hod a major effecl on our adoption fee income. This has been magnrfied by the vast majority of dogs being entire and needing to be neutered perfe¢t slom) vthen coupled wth vastty increasirrfJ vet bills. Future Plans We have reeEnVy been made aware of a large, well established rescue has deded lo dose their doors we anlicipale will have a rnajor impact on animal rehoming and wellare within North Devon. The charity not only undertakes rehoming of animal8 but also provides a subsidised veterinary cllnic which is also going to close. While the rescue does undertake rehoming of dogs their main area of reswe is for cats and wildlife. While K9focus does nol have the capacity or experience to help with wildllfe it has made the deoision that from 1st September 2024 il will now offer rehoming services for cats- again operating on a home to home and foster basis only. C¢Jn¢lusion AS ayS we end by stating that we have no doubt the nexl 12 months wi15 bring a sel of challenge8 for us lo face but we feel we are in a strong position with an increased team of volunteers to meet these and continue io provide the rescue help needed in the area. Our last word, as alwayE, is to thank our team of volunteers who work year in and year out lo support the rescue and organise our much needed ftjndraising events. Without them the rescue simply would not exist and so we say a massive thank you to them. Page 3
K9 Focus Ltd Trustees. Report Financial review Durlng the year. the charity received income tolalling £67.534 12023.. £32,435). Income from donations and legacies has inGrea8ed from £26.282 10 £56.283. Expenditure lotslled £51.90312023'. £58.1151. As at 31 August 2024, the lolal reseThe$ held by the charity were £46,568 compared with £30,937 a5 at 31 August 2023. AS al 31 August 2023, restricted funds totslling £811 were held12023.. £1,359). all other funds were unrestricted. R8seTves Policy The charity aims to hold at least 3 months of their average monthly expendlture. As al 31 August 2024, the charity was holding free reserves lotalling £27,584, this represented 7 months of expenditure. statement of trustees. responsibllltles The trustees Iwho are also the diredDT8 of K9 Focu8 Ltd for the purpose5 of company lawl are responsible for pparing the trustees. report and the financ1 statements in accordance wlh applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), Including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. The report and ac¢oLJnts have been prepared in accordance wth the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees lo prepare financi81 statements for each financial year. Under company law the trustees must not approve the financial slalemenls unless they are $atisfied that they give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and applicxlion of resources. including its inGome and expenditure. of the charitable company for that period. In preparing these financial statements, the Iruslees are required lo: select suitable accounting policies and apply them consislenwy., obseNe the methods and prin¢Tples in tho Charities SORP" makejudgemenls and estimates that ale reasonable and prudent-, slate whether applicable aco)unling standards, Comprising FRS 102 have been foll¢)wed, subject lo any malerlal departures disclosed and explained in the finanal slalements,. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are Tesponsible for keeping proper a¢UntIng records that can disclose with rea80nable accuracy at any lime the financial po811ion of the charitable company and enable them lo ensure that the finanaal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company and hence for taking rea80nable steps for the prevention and detection of fraud and other irregularilies. The Iruslees are responsible lor the maintenance and integrity of the corporate and financial information included on the charitable mPanY$ website. Legislation goveTning the preparation and dissemination of financial statements may differ from legi51alion in other jurisdictions. Page 4
K9 Focus Ltd Trustees. Report Small c¢mpanles provision statement Thi5 report has been prepared in accLYdan¢e with the small Companies regime under the Companie$ Act 2006. The annual report wa$ approved by the Iruslees of the oharity on 1510512025 and signed on its behalf by. Lynne Hall Lynne Hall .. Mrs L Hall Company secretary and trustee ZQ2Su519lXllkfj54OIW Page S
K9 Focus Ltd Independent Examinef s Report to the trustees of K9 Focus Ltd <'the Company) I report to Ihe charity trustees on my examinats'on of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company wI y)u are responsible for the preparation of Ihe accounts in accordance wlh the requlrements of the Companie8 Act 2006 ('the 2006 Ad}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Aol and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In canyng out my examination I have followgd the Directions glven by the Charity Commission under section 145{Sllb} of the 2011 Ad. Independent examiner's statement I have completed my examination. I confimi that maltets have CO to my attention in connedon wth the examination giving me cause lo believe: 1. a¢oounting records were not kept in respect of K9 Focus Lld as required by section 386 of the 2006 ACL or 2. the accounts do not accord with those records,. or 3. the accounts do not com the ac(x)unting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter (51dered as part of an independent examination-, or 4. the accounts have not been prepared in accoTdance with the melhods and princAple8 of the Statement of Recommended Practice frjr accountlng and reporting by charities lapp5icable lo charities preparing their accounts in 8rdance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concems and have come across no other matters in connedon wilh the examination lo which attention sh(yJld be draw in this report in order to enable a proper understanding of the acoounls to be reached. Catherine Williams FCA DChA Independent Examiner Westcotts {SW} LLP Chartered Accountant8 47 8outport Street Barnstaple Devon 311SQ Page 6
K9 Focus Ltd Statement of Financlal Activities for the Year Ended 31 August 2024 (Including Income and Expendlture Account and Statement of Total Recognlsed Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Charilable acliwties Other trading actiVTbes Investment income 51,283 6.945 4,208 5,000 56,283 6,945 4.208 98 26,282 2,335 3,778 40 Total income 62.534 5,000 67,534 32,435 Expenditure on: Charitable activities 150.544 (1,3591 {51,903 158.115 58,115 Total expenditure Net incomellexpendilurel Transfers betsyeen funds 150,544 1,359 51,903 11,990 4,189 3,641 4.189 15,631 125,680) Nel movemenl in funds 16,179 1548) 15,631 {25,680} Re¢onciliation of funds Total funds brought forward Total funds carried forward 16 29,578 45,757 1,359 30.937 56,617 811 46,568 30,937 All of the charity's activilies derive from continuing operations during the above tsvo periJ$. The funds breakdown for 2023 is shown in note 16. The notes on pages 9 to 18 form an integral part of these financial slalements. Page 7
K9 Focus Ltd (Re9iStration number: 07345762 Balance Sheet as at 31 August 2024 2024 2023 Note Fixed assets Tongible assets Current assets Debtors Cash at bank and in hand 12 18,173 23,043 13 14 5,113 4,281 9,394 30,145 30,145 1,7501 Crèditors: Amounts falling due within one yéar 15 11.500 Net current assets 28,395 46,568 7,894 Net assets 30,937 Funds of the charity: Restricted income funds Restricted funds 811 1,359 Unrestricted income funds Unrestricted funds 45,757 29,578 30,937 Total funds 16 46,568 For the financial year ending 31 August 2024 the charity was enlilled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in a¢cordance with section 476,. and The directors acknoedge their responsibilities for complying with the requirements of the Act wlth respe¢t to accounting records and the preparallon of 8ccounts. These financial statements have been prepared in accordan¢e with the special prow8ions relating to Companies subject lo the small companies regime within Part 15 of the Companies Act 2CQ6. The finanaal statements on pages 7 10 18 wer8 approved by the trustees, and authorised for188ue on and signed on their behalf by= DN Lynne Hall.. LI42$. 15 Mrs L Hall Company secretary and trustee The notes on pages 9 to 18 fomi an integral part of these financial statements. Page 8
K9 Focus Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 1 Charity stalus The Charty is limited by guarantee, inccKporated in England and Wales, and consequendy does not have share capital. Each of the trustees is liable to contributs an amount not exceeding £10 towards Ihe assets of the charity in the event of Ilquidation. The address of its registered office is: Shepherds View St. Glles Torrington Devon EX38 7JU 2 Accounting policie5 Summary ot signiflcanl aOUntIng policies and key a¢counting estimates The principal accounting policies applied in the preparation of thvse financial slalements are sel out bek)w. These policies have been consistently applied to all the year8 presented, unless otherwise stated. Statement of compliance The financAal statements have been prepared in accordance with Accounting and RetK)rtino by Charities: Ststement of Recommended Practice (applicable to charities preparing their accounts in accordance with the FinanThal Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued In October 2019} - (Charities SORP IFRS 10211, the Finanal Reporbng Standard appllcable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Basis of preparation K9 Focus Ltd meets the definition of a public benefft entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unles5 otherwise ststed in the relevant accounting pglicy notes. The ancIal slalements have been prepared in slerfing which is the functional cuffency of the ¢harity. Going concern The trustees Consider that there are no materlal uncertainties abr)ut the charllls ability to continue as a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from prgparing a cash flow sLitement The d)arity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included cash fiow statement in Ihese financial statements. Income and endowments All income is rets)gnised once the charity has entillemenl lo the income. it is probable that Ihe income will be re1Ve and the amount of the income receivable can be measured reliably. Page 9
K9 Focus Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 Donations and legacies tkjnations are reocgnised when the charity has been nolffied in WTiting of both Ihe amount and settlement dale. In the event that a donation is subject lo conditions that requbre a level of performance by the charity before the charity is entiUe(I lo Ihe funds. the income is deferred and not recognised until either those conditions are fijlly mel, or the fulfilmenl of those ¢ondilions is 0]fy within the wntrol of the chority and it is probable that these conditions wll be f(Jlfilled in the reportlng period. Grants rtteivable Grants are recognised when the charity has an enlitlemenl lo the fiJn(Is and any cx)nditions linked to the grants have been met. Where performance ctsnditions are attached lo the grant ar)d are yet lo be met, the income is recoanised as a liabillty and included on the balan sheet os deferred income lo be released. Expènditure All expendrture is recognised once there is a legal or o)nslructive obligation lo that eXpendIre. It18 probable setuement is required and the amount can be measured reliabty. All costs are allocated to the applicable expendiiure heading that aggregate Similar costs to that category. Where costs Qannot be directly attributed to particular headings they have been allocated on a basis consistent wth the use of resources, with central staff costs alloted on the basis of time spent. and depreciation charges allocated on the portlon of the asset'8 use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expendf(ure comprises those wsls incurred by the charity in the delivery of its octivilies and services for its benefiaaries. It includes both costs that can be alloc8ted direcdy lo sud) a¢tivities and those Costs of an indirect nature necessary to support them. Support Costs Support C051s include central functions and have been allocated to aclivty cost categ)rles on a basis consistent the use of resources, for example, allocating property costs by fioor areas. or p¥r capita, slatf costs by the time Spent and other costs by their usage. Taxatlon The charity is considered to pass Ihe tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corwration tsx purposes. Accordingly, the charity is potentially exempt from tsxalion in respe¢t of incomo or capital gain5 received within categories covered by Chapter 3 Part 11 of the CorporatK)n Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Tangible fixed asset$ Individual fixed assets costing £100 or more are initially recorded at cost, less any subsequenl accumulated depreaation and subsequent accumulated impairment losses. Page 10
K9 Focus Ltd Notes to the Financlal Statements for the Year Ended 31 August 2024 Depreclatlon and amortisation Depreaation is provided on tangible fixed assets so as lo write off the cost or valualion, le58 any estimated residual value, over their expected useful economic lrfe as follows: Depreciation method and fat• 150/0 straight line 25% reducing balance 20% 8traighl line Asset class Plant and machinery Motor vehides Equipment Cash and cash equivalents Cash and ¢ash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily converlible to a known amount of cash and are subject lo an insignthcant risk of change in value. Borrowings Interesl-bearing borrowings are initially recorded at fair value, net of ITaraCtIon Costs. Interest-bearing borrowings are subsequently carried at amortlsed cost, with the differere been the proceeds. nel of transaction $1$, and the amount due on redemption being rewnised as a charge to the Ststement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is Induded in interest payable and smilar Charges. Borrowings ore dassified as rIen1 liabilities unless the charity has an unconditional right to defer settlement of the liability for atlgast e&ve month$ after the reporting date. Fund structure Unrestricted income funds are general furKJ8 that are available for use at the trustees dlscrelicn in furtherance of the objectives of the charity. Restricted inwme fvnds are those donated for use in a paclar area or for specific purposes, the use of 1¢h is reslricled to that area or purpose. Page 11
K9 Focus Ltd Notes to the Financlal Statements for the Year Ended 31 August 2024 3 In¢ome frorn donations and legaciÈs Unrestricted funds General Restricted funds Total 2024 tk)nalions Grants Gift aid redaimed 31.790 12.341 7,152 51,283 5,000 36,790 12,341 7,152 56,283 5.000 Unrestricted funds General Restricted funds Total 2023 Erjnations Grants 25,082 25,082 1.200 26,282 1.200 25,082 1,200 4 Income from charitable activities Unrestricted fund5 General Total 2024 Adoption Fees 6,945 6.945 Unrestricted funds General Total 2023 Adoption Fees 2.335 2,335 Page 12
K9 Focus Ltd Notes to the Financlal Statements for the Year Ended 31 August 2024 5 Income from other trading activities Unrestrsct8d funds General Total 2024 Sponsorship 4.208 4,208 Unrestri¢ted funds General Total 2023 Sponsorship Boarding and daycare facAlilie3 3.879 101 3.879 101 3,778 3,778 6 Investment income Unrestricted lunds General Total 2024 Interest receivable on bank deposits 98 98 Unrestricted funds General Total 2023 Interest r1Vable on bank deposits Page 13
K9 Focus Ltd Notes to the Flnancial Statements for the Year Ended 31 August 2024 7 Expenditure on charitable actlvlties Unrestricted funds General Restricted funds Total 2024 Note Charitsb Activities Allocated support cLJsls 30,329 20.215 1,359 31,688 20,215 1.359 51,903 Unrestricted funds Gemral Rostrictsd fibnds Total 2023 Nole Charitable Advilies Alocated support costs 36,924 20.850 341 37,265 20,850 58.115 57.774 341 8 Analysis of support costs Support costs allocated to charitablo activities Total 2024 Total 2023 Legal fees Offiee costs Finance costs Subscription costs Depreciation Telephone costs Interest 2,263 6,901 275 758 9,059 959 2,156 3,090 259 537 11,043 1,166 2.599 20,850 20,215 Page 14
K9 Focus Ltd Notes to the Flnancial Statements for the Year Ended 31 August 2024 9 Truslegs remuneration and expenses No trustees, nor any persons connected with them, have receNed any remuneration from the tharity during the year. During the year, no interest was received by the Trustees on loan$ to the MpanY (2023.. Interest lotalling £2,599 received by 1 Trustee). No trustees have receed any reimbursed expenses or any other benefits from the tharity duriTha the year. 10 Staff costs During the year, the charlty did not employ any stsff12023 Nil) 11 Ind•pendent examinerfs f9•5 2024 2023 Examination of the financial statements 2.050 2,100 Page 15
K9 Focus Ltd Notes to the Financial Slatements for the Year Ended 31 August 2024 12 Tangibl8 fixed assels Motor vehicles Plant & Machinery Equipment Total At 1 September 2023 Additions 8,692 33,219 38,689 4.189 80,600 4,189 At 31 August 2024 8.692 33,219 42,878 84.789 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 8,530 22,709 2,628 26.318 6.431 57,557 9,059 8,530 25.337 32,749 66,616 Net botsk value Al 31 August 2024 162 7,882 10.129 18,173 At 31 August 2023 162 10,510 12,371 23.043 13 Debtors 2024 2023 VAT recoverable other debtors 1,207 3,906 5,113 14 Cash and cash equivalents 2024 2023 Cash at bank 30.145 4,281 15 Creditors: amounts falling dug within one year 2024 2023 Accruals 1,750 1,500 Page 16
K9 Focus Ltd Notes to the Flnancial Ststements for the Year Ended 31 August 2024 16 Funds Balance al 8alan¢e at 31 August 2024 September 2023 Incomlng Resources resources expended Transfer5 Unre5tri¢ted funds General Funds 29,578 62.534 150.5441 4,189 45.757 Restricted funds Groundworks ADCH- Adoption Programme Kennel donation 500 {500) 859 1859} 5.000 14.189) 4,189) 811 1.359 5.000 (1.359) 811 Total funds 30.937 67,534 (51,903 46,568 Balance at 1 Septembèr 2022 Balance at 31 August 2023 Incoming resources Resources expended Unrestricted funds General Funds 56,117 31,235 157,774) 29,578 Restrlcted funds Groundwork$ ADCH - Adoption Programme 500 500 859 1.200 1341 341 500 1,200 1,359 Totsl funds 56.617 32,435 158,1151 30,937 The spefiC purposes forwhlch the ftjnds are to t* applied are as fdl¢)ws.' The Groundworks donation was rer£lved towards the repainting of the kitthen. ADCH - Adoption Programme- these funds were received towards purchases Kennel donation during the year. £5,000 was recelved towards the cost of a new kennel. The expenditure incurred during the year has been included within fixed assets and the expenditure has been transferred to unrestrided funds as the restriction has been lifted by the purchase of the kennel. Pag• 17
K9 Focus Ltd Notes to the Financial Statements for the Year Ended 31 August 2024 17 Analysis of net assets between funds Unrestrided funds General Total funds at 31 August 2024 Restrl¢ted funds Tangible fixed assets Current assets Current Ilabililies 18,173 29.334 11.7501 45,757 18.173 30,145 11.7501 46,568 811 Total net assets 811 Unrestricted funds General Total funds al 31 August 2023 Restricted funds Tangible fixed assets Current assets Current liabile$ 23,043 8,035 1.500) 29,578 23.1]43 9,394 11.5001 30.937 1,359 Total net assets 1,359 18 Related party transactions A% al 31 August 2024, £Nil was owed by the Trustees to the charily12023.' £3,906). Page 18