Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Company registration number.. 07697602 Charity registration number.. 1143122 Woodside Animal Welfare Trust IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2023
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Contents Reference and Administrative Details Trustees, Report 2to14 Independent Audilorfs Report 15to18 Slalemenl of Financial Activities 19to20 Balance Sheet 21 Slalemenl of Cash Flows 22 Notes to the Financial Statements 23to41
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Reference and Administrative Details Trustees Mrs C Bowles MBE Mrs J Gorman Mrs J Rogors Mrs M Maclean Mrs A Marshall Mr R Stokes Mr J Gordon Mr G Watson Charity Registration Number 1143122 Company Reglstratlon Number 07697602 The charity is incorporated in England & Wales. WAWT The Sanctuary Elfordl8igh Plymouth Devon PL7 SED Principal Office AudStor PKF Francis Clark Chartered Accountants Melville Building East Unit 18. 23 Royal William Yard Plymouth Devon PL13GW Bankers Lloyds TSB 8 Royal Parade Plymouth Devon PL1 1HB P89e 1
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report Period The TrLSStees present their report and the audited financial statements for the period 1 January 2023 10 31 December 2023. The accounts have been drawn up in compliance with the Slalement of Recommended Practice - Accounting and Reporting by Charities leffeclive 1 January 20191 ISORPI.. the Charities Act 2011., the Companies Act 120061 and in accor(Sance with the company's Memorandum and Articles of Association. Structure, Governance and Management The Company was incorporated on JLfly 7, 2011 and attained registered status as charity 1143122, 27 July 2011, running alongside the original Charity 299789 which continues al reduced level predominantly as a deposit vessel for longstsnding and supporter donations via standing order. The Board of Trustees The Board appoints Trustees., deals with induction and training of new Trustees and puls plans in place lo manage work required lo maintain propertl8s owned by the charity and the funding available. Trustees who served during the period.. Carole Bowles, Janet Gorman, Jennifer Rogers, Miranda MacLean, Anne Marshall, Margaret Gudonis, Roy Stokes, Graham Walson and John Gordon. Rlsk Management The Trustees confirm that the major risks lo which the charity is exposed are actively vieWed on a regular basis. The Board of Trusleos meets regularly throughout the year lo discuss, identify and establish working systems and routines lo mitigate those risks. A comprehensive risk analysis has been completed and ongoing checks maintained. Objects of The Charity The objects of the Charity are lo relieve the suffering of any species which is in need of care and attention and in particular, provide or maintain kennels, calleries. refuges, rescue homes. animal hospitals. sanctuaries or other facilities for the reception and care of unwanted animals and the treatment of sick or ill-trealed animals. Publlc beneflt The Trustees consider that the work of the Trust is to relieve the suffering of animals in the local area, and is in the public benefit. The Trustees confirrn that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Alms for the Perlod Continue work lo reduce th& over population of cats and dogs within the charity s localpopulation through spaying and neutering. Maintain an ongoing commitment lo staff welfare. Continue to improve HR compliance and administration. Staff training. Replace, repair and maintain the shops, sanctuary grounds, kennelslcallery and property. P8g8 2
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees. Report Achievements In 2023. the charity homed a total of 693 animals 416 cats. 150 dogs and 127 small animals including rabbits. guinea pigs. ferrets. chinchillas. degus. hamsters. tortoises and a variety of birds. Provision of funds from the Portugal legacy for spaying and neutering dogs and cats in Portugal. The charity spayed and neutered local animals as follows.. Via local veterinary practices.. 42 dogs, 41 cats, 6 rabbits, 3 guinea pigs and 3 ferrets. Via Woodside's own clinic.. 43 dogs. 231 cats. 28 rabbits, 2 guinea pigs and 5 ferrets. Provide an on-site permanent, qualified dog behaviourist. Various maintenance work including.. repair of back callery roof. maintenance lo sanctuary support structures, extend staff room, repair old station roof in Colebrook. refurbishment of kennel blocks and replace Colebrooks front windows. Provide health care cover for all staff. Provide on-site accommodation for staff. Provide a two stor8y extension to the main building on the sile of the ferret house. Update heating in the kennels. WELFARE Lady was brought in just before Christmas. She'd had 8 tough time of neglect and illness and was discovered emaciated and with a serious skin condition. After a great deal of TLC and generous donations frorn our supporters she was adopted into a loving family. Sadly after a few short months it was discovered that she had an inoperable lumour and was sadly put to sleep. Pag• 3
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Twstees, Report New night camera donated by a lovely supporter to monitor a cat overnight. Welfare round bought in 40 hamslersl Certainly a challenge for the sanctuary staff who pul a call out immedialgly for any unwanted hamster cages, and for donations lo buy additional cages. Canine alcohol withdrawal. a first for us. And this was his story... We would like lo introduce you to the newest member of Dunroamin Special Care Unil. a lovely boy called Coco. Coco has been with us for over a rnonlh, having required intensive care since arriving. His story is a tragic one and evidersces how vital our special care unil is. After arriving with his canine pal following the death of his owner, he and his companion became quickly unwell. Coco's friend was ropealedly fitting and soon after Coco also started to fil. Thankfully a vet was on 511e at the time and was able lo administer emergency care bul sadly Coco's friend passed away despite our bgst efforts. Coco continued lo be seriously unwell and required round the clock care. It became clear that he was suffering from syrnploms that all pointed to alcohol withdrawal. He spent four weeks sedated lo help with his withdrawal symptoms and lo reduce the risk of further fils. We are so thankful that we are now out of danger and Coco is off all medication and is now starting to behave like a normal dog. He is not yel ready for adoption and whilst physically ho seems lo have recovered. mentally he is still very anxious al limes. Having the Dunroamin Unil has meant he has been able lo be cared for in a homely environment and away from the main kennels. This has most certainly made a difference lo his recovery and overall wellbeing. No-one knows the specifics on how these dogs gol into the situation with alcohol bul we do know that without our care Coco would likely have not survived this heart-breaking ordeal. Page 4
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report He then became a bit of a celebrity - BBC Spollighl, Telegraph paper, CNN etc! We are pleased to report that he has found his forever home. In March. we received a call from the RSPCA asking if we could provide emergency aceommodalion for dogs seized in North Devon where over 200 dogs were being kèpt in a field. We were able lo help with 12 dogs, mainly collie crosses. all of whom were obviously frightened but seemed passive. They weren't used to walking on leads bul with gentle persistence over 4 months, staff were able lo get them to walk on leads. The RSPCA arranged kennels for them all 8nd the dogs have now found loving family homes. We also had a call from the RSPCA regarding 30 cats being kept in one house. We were able lo find room for 15 of them and luckily most of them were healthy. Poultry & other captive birds in England & Wales can be let outside from 18 April 2023 - which is a great relief LATEST UPDATE Housinq measures end 00:01 on 18 April 2023 BIRD FLU ALERT Planl Heath Find out more at gov.uklbirdflu Page 5
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report Sadly, we lost Loki in April - He battled various health condition5 for the last two years. surrounded by the love and care of staff and some regular volunteers. We also had to say goodbye lo one of our residents in December - Lucky. A special boy who lived with us for many years. He spent his days in our office and was spoilt by so many. Whilst we knew ha was very poorly it still hil those that loved him hard. Special thank YOLJ lo his dog walker (Kalherinel whom he developed a unique bond with and has walked him regulady sin¢0 he arrived with us. P898 6
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report SPONSORSHIP Ibb membersreeeiye xeesg 10 è¢lo$ed Feb00Kgr0up. a yoars membershtD sub5Grfpllon. keyrtng and cars1ker £30 pr • y•v w £2.50 t0JDnVrt *Thi.wood$hl¢84n¢tU4ry.oig.uk or c4111017521347503 pas0 Iitslp us locontu8 ¥ow8 can h81) Is It0 yours for&vfji homB Sponsorshlp for Coco was requ&sted in April. Always looking for SF)onsors of our animals and this was specifically for our Dunroamin residents - it was advertised as a great Christmas gift... You can support them for £60 a year or £5 a month. Adopters receive a gift pack which includes keyring, car sticker. photo and information sheet on current residents letting you know their stories. Page 7
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report DONATIONS Amazon Wishlisl continues lo be a great source of funding lor us. There are loo many organisations and companies to name, but a massive thank you to all th8 local businesses and organisations who have supported us during the year. Christmas Tree Tags are always a good source of income with trees in every shop and at the sanctuary il's a great way lo raise funds. And unwanted gifts are also great lo sell in our shops. ¢ Ethd b¢4bW¢ b4* Ckr1StbrtssI V6 I. Iiiili. Every now and then we are donated lor receive) a wonderful item which we can auction - there was an original artwork and went lo the highest bidder for £700 and a signed football from Plymouth Arg8 which raised £300. Website appeals prove lo be a successful way to fund something we need as some people specifically like lo know what they are contributing towards. So, the appeal can be anything from a new washing machine lo fleece blankets lo keep the dogs warm. Page 8
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report EVENTS 44 Spring Fair Saturday I l March 2023 10am - Ipm 20p entry for Charlty Relreshments Charfty Stalls at HAREWOOD HOUSE Orgonixd by Ptympton Community Coun¢il For re detaits ¢ortart.. 01752 335J41 Jigsaw, book sale and pop up sale in OrtDber half term made £730. Each November Tavislock have 8 Dickensian evening and the shops are invited to decoralg their shop fronts in a cornpelition for this event. The windows are judged on originality, creativity and effort put in by the ownerslslaff and we are delighted lo announce that W(x)dside won the category for best dressed charity shop window. Massive well done lo all those involved and an amazing way lo raise our profil8 and fundraisg. Christmas event included going out with Plympton Rotary and Santa on Tuesday 19th December. EDUCATION As a result of not being able lo accept anymore rabbits this plea was sent out to ask people to be mindful when buwng rabbit3 for pets. Pag• 9
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report £££ BUNNY BUYERS BEWARE! Rogue pet sellers can b• a sourc• ol mlslnk*rmatlon and may not provtde the correct vacctnations or support. Year 6 pupils from Mount Kelly enjoyed a morning at the West Devon Junior Life Skills Workshop in Tavislock Town Hall in the year. They visited nine different slalions lo learn about first aid, #RNLI activities and water safoty, the work of Woodside Animal Welfare Trust, the risks of live electricity, and recycling. Pleased lo be able lo lake part in these events and give children an insight into reading dogs body language and keeping themselves safe. Important community work. SHOP The shops continue to be a great source of revenue. The window displays are always up lo dale and lake the opportunity to highlight specific events throughout the year. The Colebrook Christmas shop has a150 bewmg an event in itself with many people eagerly anlicipaling the opening of il in November. Pag8 10
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report STAFF Recruiting the right people has always been a challonge, so oarlier in the year we made good use of staff offspring- thanks lo the children and grandchildren of our staff members. October- 2 job vacancies for Retail AssislanlslDonalion Handlers. November- Animal Care Assistant post advertised for the sanctuary. PORTUGAL Early 2015, Bridget Hicks, lifelong animal champion, passed away in The Algarve. PortLJgal. Mrs Hicks left her Portuguese property lo two long-time friends - W¢Jodside Founder Carole Bowles MBE being one of them. A lack of clarity in Mrs Hicks will left the animals residing al her property in the Algarve in dire need and with a precarious future as no long term suitable rehoming or adoption solub'ons were available locally. Thus, it was that Carole travelled lo the Algatve to meet Mrs Hicks Trust Fund Managers. As a result of this meeting, Offi'cials were persuaded to finance the transportation of Bridgel's animals lo Woodside's Devon sanctuary - thirteen in all eight dogs and five cats. From here suitable and loving homes have been found for all except one dog who will slay at our refuge as a resident due lo various complex behavioural and medical issues. Subsequent funds received from Mrs Hicks Estate released into the care of Woodside Trust for use in animal welfare work in Portugal are being used lo support the work of several AlgaNe animal charities. Extensivè investigations into their work and welfare priorities by Woodside Trustees has resulted in a commitm&nl lo work with these organisations in memory of Bridget. Carole's share of the proceeds of the sale of Bridgel's property is also being used lo this end. ln addition, Woodside Animal Welfare Trust has sel up a fund into which donations in support of ongoing work in The Algarye can be made. 11 is hoped in this way work can continue even when the Eslale funds have been exhausted. This fund is kept completely separate lo all funds raised or donated for Woodside's work in our local Community. and will in no way detract from that work. Ten Year Plan .Develop a policy lo review tho training needs of new Trustees. Establish a £600K resetve fund. Develop the current welfare round into a full lime. permanent seNice. .Establish a separate adminislralion I staff lo deliver education programmes on the work, principles and aims of the Trust, in particular lo the owners of tomorrow via schools, youth groups, social media etc. .Appoinl a fundraising co-ordinator lo sanction and oversee all fundraising events.. Coa ordinate fundraising groups and establish new opportunities to generate income to support and expand the work of the Trust. Page 11
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report Fundraislng policy The charity normally runs various fundraising 9vonls throughout the year which, with the help of our kind supporters, also raise vital funds and spread awareness of our charity's work. These are d8lailed elsewhere in the Trustees. report. The charity did not make use of any exlemal professional fundraisers to fund raise funds on behalf of the charity during the year. The charity received no complaints about its fundraising activities during the year. The charity follows no official fundraising standard bul always acts to ensure that vulnerable people are protected whenever il carries out fundraising aclivilies. The charity ensures that funcsraising activities are restricted lo a limited range of approved activities to ensure that vulnerable people and other members of the public are protected from behaviour which is an unreasonable intrusion of a person's privacy. is unreasonably persislenl or places undue pressure. Financial Review Primary sources of Trust funds come from legacies. donations. animal homings and sales income from 6 Charity shops, of which 5 are owned by the Trust and 1 which is a rented premise. The unin¢orporaled charity continues to collect some donations and acts as agent for the charitsble company in order lo capture gift aided revenue which provides an important source of income. Woodside is dedicated to increasing the amount of donations subject to gift aid lo maximise its benefits. Overall the Trust made a deficit of £96.548 12022.. £86,477) during the financial year. This was the result of donations lo Portug21 based charities. for which income was received in a prior financial year, and rising costs in the UK. Legacy income continues lo represent a large proportion of income, being 45°/0 12022.. 36 /ol. The reserves of the Trust decreased to £3.564.441 12022= £3.660,9891 and the cash at bank balance increased to £419,16412022.. £391,3661- Reserves Policy The charity does not hold large financial reserves in its bank accounts. The Board of Trustees is ommitted lo utilising the maximum level of financial resources available that il is responsibly able lo do so. The Trustees are however mindful of the necessity lo hold reserves and il is Trust policy lo aim to hold reserve fLJnds of at least 6 months running costs. Free reserves at year end are £450,983 12022.. £405,001) which is 3.3 monlhs12022.. 3.4 months) of total eosls for the year. This is below the reserves policy. The Trustees have a plan lo build reserves going forwards. Concluslon A g8t big 'upside down, thank you from all the residents at Woodside for the care and love they receive from the staff and supporters. Page 12
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report statement of trustees. responsibilitios The trustees (who are also the directors of Woodside Animal Welfare Trust for the purposes of company lawl are responsiblg for preparing the Iruslees, report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel, including FRS 102 "The Finanryal Reporting Standard applicable in the UK and Republic of Ireland.. Company law requires the Iruslees lo 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 Irug and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure. of the charitable company for that period. In preparing thesg financial slalemenls. the trustees are required lo.. select suitable Accounting policies and apply them consistently.. observe the methods and principles in the Charities SORP., make judgements and eslimales that are rgasonable and prudent., stalo whether applicable accounting standards. comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financial slatemenls.. and prepare the firsancial slalemenls on the going concem basis unless il is inappropriat& to pre5um8 that the Charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records that can disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitsble companls website. Legislation goveming the preparation and dissemination of financial slalemenls rnay differ from legislation in other jurisdictions. Dlsclosure of informatlon to audltor Each Iruslee has taken steps that they ought lo have taken as a Iruslee in order to make themselves aware of any relevant audit information and to estsblish that the charity's auditor is aware of that infomalion. The trustees confirm that there is no relevant infomalion that they know of and of which they know the auditor is unaware. Pag8 13
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Trustees, Report Going ¢on¢ern The Trustees have preparod a cash-fiow forecast that reflects their best prediction for donations and expenditure going fotward and which demonslrales the charity projects lo have sufficient cash lo meet its li8bililies as they fall due over the next 12 months. The charity continues lo have access lo its pre-exisling bank facilities and the Trustees lake further comfort from the support they continuo lo receive in the form of legacies and donations from their supporters. As at the year end the charity retsined £419.164 in cash in addition lo their investment portfolio valued al £217,598. Furthermore the charity owns 5 of ils charily shops and additional land surrounding the sanctuary sile which in a worst case scenario could be sold lo support th8 cash-flow of the charity. Post year end management accounts also show the charity lo have achieved a surplus. The charity continues lo manage the challenges caused by high inflation rates and energy prices arising from the current general UK economic environment. On the basis of thes8 forecasts and analysis, the Trustees remain confident that the charity will continue lo be a going concem for a period of at least 12 months from th8 date of approving these financial slalemenls. The annLJal report was approved by the Iruslees of the charity on 13. 8: 2((and signed on ils behalf by.. Mrs C BO8S MBE Trustee Page 14
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust Opinion We have audited the financial statements of Woodside Animal Welfare Trust Ilhe 'chariVI for the year ended 31 December 2023. which comprise the Slalemenl of Financial Activities. Balance Sheol, Statement of Cash Flows, and Notes lo the Financi81 Stalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charili&s SORP FRS 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements.. give a true and fair view of the slate of the charity's affairs as at 31 December 2023 and of ils incoming resourc8s and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting practi.. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnSon We conducted our audit in accordance with International Standards on Auditing {UKI IISAS IUK}l and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial slalernents section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical sponsibililies 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 golng concern In auditing the financial slalements. 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 rglaling to events or conditions that, individually or collectively, may cast significant doLJbl on the charity's ability lo continue as a going concern for a period of at least twelve months from when the original financial slalements were authorised for issue. Our responsibilities and the responsibilities of the trustees wrfih respect to going concem are described in the relevant sections of this report. Other infomiatlon The Iruslees are responsible for the other information. The other information comprises the information included in the annual report. other than the financial slalemenls and our auditor's report Ihereon. Our opinion on the financial stslemenls does not cover the other infomialion and, except to the exlenl otherwise explicily slated in our report, we do not express any fomi of assurance conclusion thereon. Page 15
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust In connection with our audit of the financial slatemenls. our responsibility is lo read the other infomialion and. in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the audit or olhemise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls. we are required to determine whether there is a material misslalemont in the financial statements or a material misslalemenl of the other information. If, based on the work we have performed, we conclude that there is a material misstalemenl of this other infomation. we are required to report that fact. We have nothing lo report in this regard. Opinion on other matter prescribed by tho Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financi81 statements are prepared is consistent with the financial statements.. and the Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exceptlon In the light of our knowledge and understanding of the company and ils environment obtsined 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 where the Companies Act 2006 requires us lo report lo you if. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial slalemenls are not in agreement with the accounting records and retums., or certain disclosures of trustees remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the Statement of Irustee5' responsibilities (set out on page 131. the Iruslees are responsible for the preparation of tho financial ststemenls and for being satisfied that they give a Irue and fair view, and for such internal control as tho Iruslees determine is necessary lo enable the preparation of financial slalements that are free from ma18rial misstalemenl, whether due lo fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidalo the charity or to cease operations. or have no realistic allernalive bul lo do so. Audltor rèsponslbllltles for the audit of the flnancial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users 18ken on the basis of these financial slatemenls. Page 16
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust Irregularities, including fraud, are instan5 of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, lo delect material misslalements in respect of irregularities, including fraud. The extent lo which our procedures are 08p8ble of detecting irregularities, induding fraud 15 detailed below.. Based on our understanding of the company and industry, we identified that the principal risks of non-compliance with laws and regulations related lo acts by the company which were contrary 10 applicable laws and regulations. including fraud. We considered those laws and regulations that have a direct impact on the preparation of the financial stalemenls, including, but not limited lo FRS 102 leffeclive 1 January 20191 (Charities SORPI. the Companies Act 2006 and the Charities Act 2011. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial slalemenls bul compliance with which may be fundamental lo the companvs ability to operate or to avoid a material penalty. As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the entity's ability lo continue operating and the risk of material misslalemenl to the accounts. Based on this understanding we designed our audit procedures lo identify non-compliance with such laws and regulations. Our procedures involved the following.. Reviewed any legal and professional costs lo identify legal costs in respect of non compliance.. Enquiries with management wholher there have been any known instances, allegations or suspicions of fraud or non compliance with laws and regulations., Review of board minutes where available. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements lincluding the risk of override of conlrolsl, and determined that the principal risks were related lo fraudulent financial reporting. Our procedures involved the following., Review of nominal journal entries for reasonableness., Review of significant accounting estimates for bias., Review of legacy income recognition. Subslanlive lesling of income completenes8. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. including those leading lo a material misslalemenl in the financial slalemenls. This risk increases the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial slalements as we are less likely lo become aware of instances of non-compliance. The risk of not delecling a material misslatemenl due to fraud is higher than the risk of not delecling one resulting from error. as fraud may involve deliberate concealment. collusion. omission or rnisrepresenlalion. A further description of our responsibilities is available on the Financial Reporting Council's website at.. www.frc.org.ukjaudilorsresponsibililies. This description forms part of our auditor's report. Use of our report This report is made solely to the charitsble company's trustees. as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that We might slate lo the charity's trustees those matters we aro required lo stale to them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils trustees as a body, for our audit work, for this report, or for the opinions we have fomied. Page 17
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust 81gTh•d by.. Duncan Leslie (Senior Slalutory Auditor} For and on behalf of PKF Francis Clark. Slalutory Auditor Melville Building East Unil 18. 23 Royal William Yard Plymouth Devon PL13GW 19 september 2024 Dale.. Page 18
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Statement of Financial Activities Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2023 Unrestrlcted Restrlcted Note Income and Endowments from.. Donations and legacies Chartlable activities Other trading activities Investment income 962,474 76,964 479,973 74,828 962,474 76,964 479,973 74,828 Total Income 1,594.239 1.594.239 Expenditure on.. Raising funds Charitable activities {304,8861 1,229,571 1304,8861 1,322.788 93,217 Total Expenditure GainsllLosses} on investment assets Net expenditure Nel movomenl in funds 11,534,457) 63,113 193,217} 11.627.674) 163,113 3,331 93,217 96,548 13.3311 193,2171 196,5481 Reconclllatlon of funds Total funds brought forward Total funds carried forward 3.392.931 268,058 3,660,989 23 3.389,600 174,841 3,564,441 The notes on pag85 23 to 41 form 8n int8gral part ol these fin8nCI815tatem8nts. Page 19
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Statement of Financial Activities Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Comparative year Total 2022 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 725,114 76,712 453,738 72,407 725.114 76.712 453.738 72,407 Total Income 1.327.971 1,327.971 Expendlture on.. Raising funds Charitable activi118S 1276,5531 1,102,309 {276,553} 1.168,881 66,572 Total Expenditure G8insllLossesl on investment assets Net expendilurg 11.378.862> 30,986 {66,572) 11,445.4341 30,986 19,905 66,572 86.477 Net movement in funds 119.9051 166,5721 186,4771 Reconciliation of funds Total funds brought forward 3,412,836 334,630 3,747,466 Total funds carried fOard 23 3,392,931 268.058 3.660.989 All of the charity's activities derive from continuing operations during the above tsvo periods. The notes on pages 23 to 41 form an integral port of th8s8 financial statam8nts. Page 20
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust (Registration number: 07697602) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Investments 15 16 3,119,895 217,598 3,164,090 280,711 3.337,493 3,444,801 Current assets Debtors Cash al bank and in hand 225,194 419,164 313,834 391,366 18 644,358 705,200 Creditors: Amounts falling due withln one year 19 120,502 137,576 Net current assets 523,856 567.624 Total assets less current liabilities 3.861,349 4.012.425 Creditors.. Amounts falling due after more than one year 20 296,908 351,436 Net assets 3.564,441 3,660.989 Funds of the charlty.. Restricted income funds Reslricled funds 23 174,841 268,058 Unrestrlcted Income funds Unreslricled funds 3,389,600 3.392,931 Total funds 23 3.564,441 3,660.989 Thg financial slal&ments on pages 19 10 41 were approved by the Iruslees, and authorisod for issue on .1.3 '.1....>*. and signed on their behalf by.. Mrs C Bowles M8E Trustee The notes on pages 23 10 47 forrn an integral part ol these finanei81 statements. Page 21
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Statement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operating activities Net expenditure 196,5481 186,4771 Adjustments to cash flow$ from non.cash items Depreciation Investment income IGainsll losses on investments De¢reas81lincreasel in debtors Increase in creditors 88,038 174.8281 63,113 88,640 7,517 84,528 172,4071 130,9861 18,142} 1,005 17 19 Net cash flows from operating activities 75.932 112.479 Cash flows from Investing activities Interest receivable and similar income Purchase of tangible fixed assets Income from dividends and investment properties 3,222 143,8431 71,606 1.418 118,5831 70.989 Net cash flows from invesbng activities 30,985 53.824 Cash flows from financing activities Repayment of loans and borrowings 19 79,119 92,484 Nel increasel(decreasel in cash and cash equivalgnls 27,798 {151,1391 542,505 Cash and cash equivalents al 1 January 391,366 Cash and cash equivalents al 31 December 419.164 391,366 Al of the cash ffows aro derived from continuing operations during the above two peliods. The nOt8s on pages 23 to 41 form an integr81 p8rt of thèsa financial statements. Page 22
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 1 Charity status The charity is limited by guarantee. incorporated in England & Wales, and consequently does nol have share capital. Each of the trustees is liable lo contribute an amount not exceeding £10 towards tha assets of the charity in the event of liquidation. The principal place of business is.. WAWT The Sanctuary Elfordleigh Plymouth Devon PL7 SED 2 Accountlng pollcles Summary of significant accountlng policles and key accounting estlmates The principal accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consislenlly applied to all the years presented, unless otherwise staled. Statement of compliance The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191 (Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Woodside Animal welfa Trust meets the definition of a public benefit entity under FRS 102. Assots and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng ¢on¢gm The Iruslees consider that there are no material uncertainties about the Charills ability lo continue as going concern. The financial statements have been prepared on the going concem basis. For further discussion see the Trusle88' Report. Page 23
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 Key sources of estimation uncertainty The fair valuation of investment property al each year end by the Trustees by nature is subject lo a significant degree of estimation uncertainly. The Trustees prepare their valuation by carefully considering the market value al acquisition and subsequent known movements in the residential property market. The carrying amount 15 £203,65412022 - £264,500). Income and endowments All income is recognised once the charity has entitlement lo the income. it is probable that the inwme will be received and the amount of the income receivable can be measured reliably. Donations and legacies All donations are recognised on a recelved basis. Goods donated lo the Trust for sale in the charity shops are recognised when the items are sold and are shown as income from other trading 8clivilies in the Statement of Financial Aclivilies. Life memberships are recognised on a recelved basis. Donations or bequests received, for which the donor earmarks a specific purpose. are allocated to a reslricled ftjnd. Funds which are expendable al Ihe discretion of the Trustees in accordance with the charitys objeetives are allocated to unreslricled fvnds. Bequests and legacies are recognised when il is probable that they will be received. Receipt is normally probable when there has been grant of probate, the executors have established that there are sufficient assets in the eslale lo pay the legacy and any conditions attached lo the legacy are either within the control of the charity or have been mel. Grants receivable Grants are recognised when the charity has an enlillement to the funds and any conditions linked to the grants have been mel. Where performance conditions are attached lo the grant and are yet to be mel, the income is recognised as a li8bilily and induded on the balance sheet as deferred income. Investment Income Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity on the accruals basis. Dividends are recognised once the dividend has been declared and nolificalion has been received of the dividend due. Expendlture All expenditure is recognised once there is a legal or conslruclive obligation to that expenditure. tt is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the eslimaled use of resources. Ralsing lunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activib'es that raise funds. Pago 24
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 Charitable activities Charitabl8 expenditure comprises those costs inCued by the charity in the delivery of its aclivitses and services for its beneficiaries. It includes both costs that can be allocated diredy lo such aclivib'8s and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been allocated lo activity cost categories on a basis consislenl with the use of resources, for example, allocating property costs by floor areas. or per capita, stsff costs by the time spent and other costs by their usage. Governance ¢osts These include the costs attributable lo the charity's compliance Wlth constitutional and statutory requirements. including audit. strategic management and Iruslees, meetings and reimbursed expenses. Taxation The charity is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempl from laxalion in respect of income or capital gains received within categories coverad by Chapter 3 Part 11 of the Corporalion Tax Act 2010 or Section 256 of the Taxation of Charyeable Gains Act 1992, to the exlenl that such income or gains are applied exelusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £100 or more are initially recorded at cost. less any subsequent accumulated doprecialion and subsequent accumulated impairment losses. Depreciation and amortisatlon Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic lif8 as follows.. Asset class Freehold buildings Leasehold buildings Kennels Motor vehicles Plant and equipmènt Land Depreclatlon method and rate 2,/0 Straight line Over the life of the lease 20/0 slraighl line 25 % roducing balance 200/0 reducing balance Not depreciated Investment property Investment property is carried al fair value. derived from the current market prices for comparable real estate determined annually by the Trustees. Changes in fair value are recognised in profit or loss. Page 25
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 Fixed asset investments Fixed asset inveslmenls, other than programme related inveslmenls, are included al market value al the balance sheet dale. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value al the start of the year, or their subsequent cost, and are charged or credited to the Slalemenl of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Slalemenl of Financial A¢livities based on the market value al the year end. Fund structure Unrestricted income funds are expendable al the discretion of the Trustees in the lurtherance of the objects of the charity. Reslricled income funds are lo be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for a specific purpose. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial slalemenls. Pensions and other post retirement obllgatlons The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or conslruclive obligation to pay further contributions even if the fund does not hold sufficient assets lo pay all employees the benefits relating lo employee service in the current and prior periods. Contributions lo defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the conlribub'on due for service, the excess is recognised as a prepayment. Financial instruments Classlflcatlon The charity holds the following financial instruments.. • Short lemi trade and other debtors and creditors., Long lemi bank loans,. and Cash and bank balances. I financial instruments are elassified as basic. Pag& 26
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 Recognilion and measurement The charity has chosen lo apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the charity becomes party lo the contractual provisions of the instrument and derecognised when in the case of assets, the conlraclual rights lo cash flows from the assets expire or subslanlially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the chariws obligations are discharged, expire or are cancelled. Except for bank loans, such instruments are initially measured at Irans8Ction price, including transaction costs, and are subsequently carried 21 the undiscounled amount of the cash or other consideration expected lo be paid or received, after taking account of impairment adjustments. Bank loans are initially measured al transaction price, including transaction costs, and are subsoquenlly carried al amortised cost using the effective interest method. 3 Income from donations and legacles Unrestricted funds General Total 2023 Donations and legacies; Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants., Grants from other charities 202,211 716,429 35,175 202,211 716,429 35,175 8,659 8,659 962,474 962.474 Unrestrlcted funds General Total 2022 Donats'ons and legacies.. Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants., Coronavirus Discretionary Local Govemmenl grants and other grants 206.591 474.161 32,750 206,591 474,161 32,750 11,612 11.612 725,114 725,114 Page 27
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 4 Income from charitablo activities Unrestrictad funds General Total 2023 Homings Memberships Boarding fees 74,506 2,171 287 74,506 2,171 287 76.964 76,964 Unrestricted funds General Total 2022 Homings Memberships Boarding fees 65.604 4.010 7,098 65,604 4.010 7,098 76,712 76,712 5 Income from other trading activltles Unrestricted funds General Total 2023 Trading income., Shop income from sale of donated goods and setvices Sponsorship income Other income from other trading activities 456,883 7.255 15.835 456,883 7.255 15,835 479,973 479,973 Unrestricted funds General Total 2022 Trading income. Shop income from sale of donated goods and semces Sponsorship income Other income from other trading activities 427,436 5,992 20.310 427,436 5,992 20,310 453,738 453,738 Page 28
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 6 Investment income Unrestricted funds General Total 2023 Income from dividends; Dividends receivable from other listed investments Interest receivable and similar income., Interest receivable on bank deposits Income from rents 740 740 3.222 70.866 3,222 70,866 74.828 74,828 Unrestricted funds General Total 2022 Income from dividends., Dividends receivable from other listed investments Interest receivable and similar income., Interest receivable on bank deposils Income from rents 659 659 1,418 70,330 1,418 70,330 72,407 72,407 Page 29
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 7 Expenditure on ralslng funds Costs of tradlng actlvities Unrestricted funds Total 2023 Total 2022 Fundraising trading costs.. Fundraising and publicity Shop running costs Shop and admin wages costs Depreciation Allocated support costs 11,493 9,003 239,410 4,402 40,578 11,493 9.003 239.410 4,402 40.578 15.303 8,342 212,731 4,226 35,951 304.886 304,886 276.553 8 Expenditure on charitable activities Activity undertaken dlrectly Activity support costs 2023 2022 Vel and spaying fees Shelter wages costs Food Depreciation Bank interest Administration costs Allocated support costs Govemance costs 107,049 610,253 10.710 79.234 29,400 429,872 107.049 610,253 10.710 79.234 29.400 429,872 44,980 11.290 99,006 557.868 7.281 80.302 13,574 364,289 35.951 10,610 44,980 11.290 1,266.518 56,270 1,322,788 1.168,881 £1,229,571 12022 £1,102,309> of the above expenditure was attributable to unreslricled funds and £93,21712022 - £66,572) lo restricted funds. Pag8 30
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 9 Analysis ofgovernancg and support costs Support costs Wages of £68,804 12022 £61,985) and other support costs of £21,15612022 - £9,916) are allocated evenly between costs of raising funds and expenditure on charitable activities. The allocation lo each category was £44,98012022 £35,951). The Trustees wnsider that this accurately reflects the way in which expenditure is incurred. Governance costs Unrestricted funds Total 2023 Total 2022 Audit fees Audil of the financial statements Other fees paid lo auditors 8,595 2,695 8,595 2.695 8,080 2,530 11,290 11.290 10,610 10 Net incomingloutgoing resources Nel outgoing resources for the yèar include.. 2023 2022 Depreciation of fixed assgts 88,038 84,528 11 Auditors. remunoration 2023 2022 Audit of the financial statements 8,595 8,080 Other fees to audltors All other non-audit services 2,695 2.530 Pago 31
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 12 Trustees remuneration and expenses No Trustees have received any r8muneralion from the charity during the year. During the year the daughter of a Trustee was paid a salary of £34,946 12022.. £31,274}. The salary paid was in line with the charitable companys stsndard payscale and included an ovemighl allowance. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 13 Staff costs The agggate payroll costs were as ft)Ilows-. 2023 2022 Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs 854,402 48.106 13,163 13.395 770.162 40,022 11,180 14,535 929,066 835,899 The monthly average number of persons (including senior management leaml employed by tho charity during tho year expressed as average head count was as follows.. 2023 No 43 21 2022 Kennels Charity shops 41 18 64 59 As required under the Charity SORP we confirm that no employee received emoluments of more than £60,000 during the year. Key management personnel comprise H Lecoinle, D Haynes, D Cornish, C Smith, J Salmons. J Haly Ipreviously Arscottl, N Sloan and L Parker Ipreviously Darcyl. The total employee benefits of the key management personnel of tho charity were £208,12612022 £179,333). 14 Taxatlon The charity is a registered charity and is therefore exempl from laxalion. Page 32
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 15 Tangible flxed assets Land and buildings Motor vehicles Plant and equipment Kgnngls Total Cost At 1 January 2023 Additions 2,264,286 76,740 1.724,700 14,191 356,574 4.422,31JO 29,652 43,843 Al 31 December 2023 2,264,286 76.740 1.738,891 386,226 4,466,143 Depreciation Al 1 January 2023 Charge for th8 year 364.995 64.819 527.227 301.169 1,258,210 37.191 2,981 34.750 13,116 88.038 Al 31 December 2023 402,186 67,800 561.977 314.285 1.346,248 Net book value Al 31 December 2023 1,862.100 8.940 1.176,914 71,941 3.119,895 At 31 December 2022 1,899.291 11.921 1.197,473 55,405 3.164,090 Restrlctlon on title and pledged as securlty £3,119,895 12022 £3.164,0901 has been pledged as security for an unlimited fixed and floating charge on the charivs bank borrowings. P8g8 33
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 16 Fixed asset Investments 2023 2022 Investment properties Other invgslments 203.654 13,944 264,500 16.211 217,598 280.711 Investment properties Investment properties C05t or Valuation Al 1 January 2023 Revaluation 264,500 60,846 At 31 December 2023 203,654 Provision Al 1 January and at 31 December 2023 Net book value Al 31 December 2023 203,654 Al 31 December 2022 264.500 During the prior year the Trustees had a professional third party valuation completed whieh assessed th& fair value of invoslmenl property at 31 December 2022. The fair value of one of the charills investment properu'es at 31 December 2023 was decreased to match the value realised upon its sale post year end. Pag8 34
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 Other Investments Listed Investments Total Cost or Valuation Al 1 January 2023 Revaluation 16,211 2,267 16.211 12,2671 At 31 December 2023 13,944 13,944 Net book value Al 31 December 2023 13,944 13.944 Al 31 December 2022 16.211 16.211 17 Debtors 2023 2022 Trade debtors Amounts owed by Trust Prepayments Accrued income VAT recoverable Other debtors 4,882 5,075 14,961 138.748 11,987 49,541 4.242 14,523 13.198 218,830 13,199 49,842 225,194 313,834 Debtors includes £5.075 {2022 £14,523) owed by the unincorporated charity, Woodside Animal Welfare Trust (charity number 2997891. for amounts collected on behalf of the associated charitable company bul held in the unincorporated charitys bank 8ceounls at the year end. 18 Cash and cash equlvalents 2023 2022 Cash al bank Short-lem) deposits Other cash and cash equivalents 262,556 156.216 392 234,758 156,216 392 419.164 391,366 Pag8 35
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 19 Creditors: amounts falling duo within one year 2023 2022 Bank loans Trade creditors Other taxation and soci81 security Other creditors Accruals 58,196 21,785 7.541 4,662 28,318 82,787 27.851 3,738 6,414 16,786 120,502 137,576 Creditors due within one year includes the following liabilities, on which security has been given by the charity.. 2023 2022 Bank loans 58.196 82,787 Bank borrowlngs The 1st bank loan is denominated in steding with a norninal interest rale of b8se rale + 2.5 /0 and the final inslalmenl is due on 19 August 2026. The carrwng amount 81 year end is £77,450 {2022 £105,127). The 2nd bank loan is denominated in sterting with a nominal interest rale of base rale + 3V/o and the final instalment is due on 22 July 2031. The carrwng amount al year end is £117,992 {2022 £129.0961. The 3rd bank loan is denominated in sterling with a nominal interest rate of base rate + 2.2OA and the final inslalmenl is due on 3 December 2026. The carryng amount al year end is £159,662 {2022 £200,000). All loans are secured by a 1st Legal Charge over the property owned by the Charity al Elfordleigh, Plympton, Plymouth and an unlimited debenture incorporating a fixed and floating charge. 20 Creditors.. arnounts falllng due after one year 2023 2022 Bank loans 296,908 351.436 Creditors amounts falling due after more than one year includes the following liabilities. on which security has been given by the charity.. 2023 2022 Bank loans 296,908 351,436 Included in the creditors are the following amounts due after more than five years: P8g8 36
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 2023 2022 After more than five years by instalments 72,289 58,657 21 Pension and other schemes Defined contribution penslon scheme The charity operatgs a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity lo the scheme and amounted to £13.163 12022 £11,180). 22 Commitments Flnanclal commitmgnts Operating lease commitments for land and bLsildings are detailed below. The total amount contracted for bul not provided in the financial slalemenls was £1,949,856 {2022 £1,975,5121. 2023 2022 Not later than one year Later than one year and not later than five years Over five years 25.656 102,624 1,821,576 1,949,856 25.656 102,624 1,847,232 1.975,512 The amount of non-cancellable operating lease payments recognised as an expense during the ygar was £39,925 {2022'. £39,3851- There was also capital commitments of £24,590 12022.. £10,2421 in relation lo purchase of assets committed to within 2023 financial year that had not yel been installed. Page 37
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 23 Funds Balance at other 31 Incoming Resources recognised December resources expended galnsl{losses) 2023 Balance at 1 January 2023 Unrestricted funds General Unreslricled funds 3,392,931 1,594,239 11,534,457) {63.1131 3,389,600 Restricted funds Kennel Fund Gwen Rees Trust Jean Sainsbury Animal Welfare Trust Portugal Animal Welfare 104.045 1,309 13,1731 12781 100,872 1,031 81 162,623 1161 89,750 65 72.873 Total restrlcted funds 268,058 193,2171 174.841 Totsl funds 3,660,989 1.594,239 11,627,674 63,113 3,564,441 Balance at 31 December 2022 Balance at 1 January 2022 other Incorning Resources recognlsed resources expended gainslllossesl Unrestricted funds General Unrestricted funds 3.412,836 1,327.971 11,378,862) 30,986 3,392.931 Restricted Kennel Fund Gwen Rees Trust Jean Sainsbury Animal Welfare Trust Portugal Animal Welfare 107,218 1,663 13,1731 13541 104,045 1.309 101 225,648 1201 63,025 81 162,623 Total restricted funds 334,630 {66,5721 268,058 Total tunds 3,747,466 1,327,971 11,445,434) 30,986 3,660,989 Page 38
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 The specific puiposes for which the funds are lo be applied are as follows.. Kennel Fund Funds were donated lo enable the charity lo expand and update ils kennels. This expenditure was all capilalised and is being depreciated in line with the accounting policies detailed above. Gwen Rees Trust - Funds were donated for the charity lo spend on animal pens and transport facilities. This expenditure was all capitalised 8nd is being depreciated in line with the accounting policies detailed above. Jean Sainsbury Anim81 Welfare Trust - Fund were left lo the charity to be spent on the welfare of small animals. Small animal pens were purchased with the funds. and is being depreciated in lin8 with the accounting policies detailed above. Portugal Animal Welfare - A legacy was left lo the charity, from a long established contact of the Trust, who lived and cared for animals in Portugal. The funds have been left on the condition that il is spent on the welfare of animals in Portug81, or used to bring Ihern across to the United Kingdom. 24 Analysis of net assets between funds Unrestricted funds Restricted Total funds Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year 3.017,927 217,598 571.485 1120.5021 296,908 101.968 3,119,895 217,598 644,358 1120,5021 296.908 72.873 Total nel assets 3,389,600 174,841 3.564,441 Total funds at31 December 2022 Unrestrlcted funds Restrlcted Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditor5 over 1 year 3,058,655 280,711 542.577 1137,5761 351,436 105,435 3,164,090 280,711 705,200 (137.5761 1351,436 3.660,989 162,623 Total nel assets 3,392.931 268,058 Page 39
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 25 Analysls of changes in net debt Other non cash changes At31 December 2023 At 1 January 2023 Flnanclng cash flows Cash al bank and in hand Debt dLJe within one year Debt due after more than one year 391.366 182,7871 27,798 79,119 419.164 158,1961 154,5281 351,436 54,528 296.908 Nel debt 42,857 106,917 64,060 Other non cash changes At31 December 2022 At 1 January 2022 Flnanclng cash flows Cash at bank and in hand Debt dug within one year Debt due after more than one year 542,505 {89,5041 {151,1391 92,484 391,366 182.787) 185.7671 437.203 85,767 351.436 Net debt 15.798 58,655 42.857 26 Control The charity was under the control of the Iruslees throughout the financial year. Page 40
Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9 Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2023 27 Related party transactlons During the year the Charity made tha following related party trdnsactions.. Mrs C Bowles Mrs C Bowles is a Trustee of Woodside Anim81 Welfare Trust. The kennels are built on land which is owned personally by Mrs C Bowles. From 1984, the Trust enjoyed occupancy without charge on Mrs Bowles, land and buildings where she ran a boarding cattery. In 2002. because of a building proposed to be built by Woodsido with public money, the Charity Commission insisted on a formal lease of 99 years to protect the charity assets. Tho land was orinially valued by two land agents at an annual rent of £18.424 with 5 yearly rent reviews. The lease was approved by the Charity Commission. Mrs Bowles, who is 2 Trustee of Woodside, closed the considerable business of her cattery and continues to work for the charity as she has always done wilhoul a salary. During the year rent was paid, in accordance with the abov8 agreement, of £25,656 12022.. £25,660) lo Mrs Bowles. In addition a further amount of £3,51512022'. £3,431) of rent was paid lo a close family member of C Bowles for the use of the clinic bLJiII on their land. No amounts were due to or from the charity at the year end. The Animal Defence Trust An unincoiporalod charity registered with the Charity Commission (No. 2630951 with common control of one of their Iruslee's. The Charity invoiced The Animal Defence TTUSt for £330 in the year for re-imbursed expenditure 12022 £3001. A grant of £3,000 was a150 received in year 12022 - £3,000}- Amount outstanding at year end was £Nil12022 - £Nill. Woodside Animal Welfare Trust An unincorporated charity regisl&red with the Charity Commission (No. 2997891 with common control. On 30 June 2012 the Trust gifted ils net assets and liabilities to the company. From 1 July 2012 the ompany has undertaken the activities of the charity and the trust will eventually become dormant. The value of the net assets and liabilities transferred lo the company was £2.789,962. As at 31 December 2023 bank balances still in the unincorporated Trust's name amounting lo £5,07512022 £14,523) were still owed lo the company. The Trust still received dor121ions and legacies, bul these are winding down. All funds received by the Trust are transferred to the company at regular intervals. During the year a lotsl of £36,100 was transferred {2022' £22,000). Page 41