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
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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.
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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.
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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
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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.
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Docusign EnvelopÈ ID". E9913F69-8FBE4716-gDCB-C9BA5892B9A9
Woodside Animal Welfare Trust
Trustees, Report
SPONSORSHIP
Ibb membersreeeiye xeesg 10 è¢lo$ed
F￿eb00Kgr0up. a yoars membershtD
sub5Grfpllon. keyrtng and cars1￿ker
£30 pr • y•v w £2.50
t0JDnV￿rt
*Thi.wood$hl¢84n¢tU4ry.oig.uk or c4111017521347503
p￿as0 Iitslp us locont￿u8 ¥ow8 can h81)
Is It￿0 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.
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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 Arg￿8
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.
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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.
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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.
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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.
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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 g￿8t big 'upside down, thank you from all the residents at Woodside for the care and love they
receive from the staff and supporters.
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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.
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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 BO￿8S MBE
Trustee
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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.
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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.
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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 instan￿5 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 fO￿ard
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 inCu￿ed 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 agg￿gate 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