Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Company registration number.. 07697602 Charity registration number.. 1143122 Woodside Animal Welfare Trust (A company limited by guarantee) Annual Report and Financial Ststemenls for the Year Ended 31 Dec&mb8f 2024
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Contents Reference and Adminislralive Detsils Trustees, Report 2to12 Independent Auditorfs Report 13to16 Statemènt of Financial Activities 171018 Balance Sheet 19 Ststement of Cash Flows 20 Notes lo the Financial Statements 21to40
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Reference and Administrative Details Trustèe$ Mrs C Bowles MBE Mrs J Gorman Mrs J Rogers Mrs M Maclean Mrs A Marshall Mr R Stokes Mr J Goidon Mr G Waison Charity R•glstration Number 1143122 Company Rogistration Numbar 07697602 The charity is incorporated in England & Wales. WAWT The Sanctuary Elfordleigh Plymouth Devon PL7 SED Principal Office Auditor PKF Francis Clark Chartered Accountants Melville Building East Unil 18, 23 Royal William Yard Plyrnouth Devon PL1 3GW Bankers Lloyds TSB 8 Royal Parade Plymtsulh Devon PL1 1HB Page 1
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Pgriod The Trustees present their report and the audited financial slalemenls for the period 1 January 2024 10 31 December 2024. The accounts have been drawn up in compliance with the Statemenl of Recommended Practice Accounting and R6porting by Charitiès18ffèctivé 1 January 20191 ISORPI., Ihg Charities Act 2011," the Companies Act 120061 and in accordance with the company's Memorandum and Articles of Association. structure, Govomance and Manag8m8nt The Company was incorporated on July 7, 2011 and attained registered slalus as charity 1143122, 27 July 2011, running alongside the original Charity 299789 which continues al redUd level predominantly as a deposit vessel for longstanding and supportgr donations via standing order. The Board of Trustees The Board appoints Trustees.. daals with induction and training of new Trustees and puts plans in plac8 lo manage work required lo maintain properties owned by the charity and the funding available. Trustees who servèd during the period.. Carole Bowles, Janel Gorman, Jennrfer Rogers, Mirand8 MacLean, Anne Marshall, Roy Stokes, Graha Watson and John Gordon. Risk Managemant The Trustee5 confirm that the rnajor risks lo which the charity is exposed are actively reviewed on regular basis. The Board of Trustees meets regularly throughout the year to discuss, identify and establish working systems and routines to mitigate those risks. A ¢ompr8hènsiv8 risk analysis has been completed and ongoing checks mainlain&d. Objects of The Charity The objects of the Charity are lo relieve the suffering of any species which is in need of cafe and atter7tion and in particular, provide or rllainlain kennels. catterie5, refuges, rescue homes, animal hospitals, sanctuaries or other facilities for the reception and care of unwanted animals and the treatmfjnt of sick or ill-lroalèd animals. Public benefit The Trustees consider that the work of the Tru51 is to relieve the suffering of animals in the local area, and is in the public benefit. The Trustees confirm that they have complied with the requirements ol section 17 01 the Charities Acl 2D11 to have dkje regard to Ihe public benefit gLJidance published by the Charity Commission for England and Wales. Aims for the Period Continue work to duce the over population of cats and dogs within the charitls local POPLJlation through spaying and neutering. Maintain an ongoing commitment lo staff welfare. Continue lo improve HR compliance and adminislralion. Staff training. Replace, repair and maintain the shops, sanctuary grounds, k8nnelslc8ttery and property. Page 2
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Achievements In 2024. the charity homed a total of 707 animals - 430 cats. 174 dogs and 125 Small animals including rabbits. guinea pigs. ferrets. chinchillas, degus, hamsters, tortoises and a variety of birds. Provision of funds from tha PortLJgal legacy for spawng and neutering dogs and cats in Portugal. The charity spayed and nèutered local animals as follows". Via local veterinary pra¢li¢es'. 119 dogs (large percentage XL Bullys), 58 cats and 19 rabbits. Via Woodside's own clinic.. 36 dogs, 172 cats. 14 rabbits and 5 ferrets. Provide an on-site permanent, qualified dog behaviourist. Various maintenance work including.. Flood prèvèntion work, rèplac8 steps into cat pods, complete Colebrook floor for storage, renew the sanctuary boiler, drainage in vic¢nity of konnels and renowal of cat pod flooring. Provision ol an animal adoption viewing bam Provision ol flats in the Wilcocks property Completion of sancluaryifield paths • Inlorngt and website provision upgraded WELFARE & EDUCATION Since February 2024 il has been a criminal offence lo own an XL Bully without a govemmenl Issued ex&mplion ¢8rtificatg. Poli¢0 can seize unregistered dogs and owners may face a criminal record and fine. Although we are unable lo tsk8 th¢se dogs in for rehoming, we have offered struggling owners assistan wlh the cost of neutering their pets. Spring saw the arrival of 4 bulldogs problems. all in need of medical help, mostly relating to breathing In June il became law for all pel cats to be microchipped by the lime they are 20 weeks old. Owners who fail to microchip their cats may face a fine of up lo £500. In November - a poor little slaffie callad Mo was taken into Woodside's care. A very distressing situation for all concemed. but with the help of our amazing staff thi5 little girf found her forevgr home before the end of the yèar. P8g8 3
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report SPONSORSHIP 99 kennel sponsors. an all lime highl We didn't quite reach our target of 100 by the start of 2025 but will still celebrate this huge neOrk and generosity by our amazing supporters. Our kennel sponsorship is run pulY online so admin cosis remain as low as possible. 11 was designed to support our dogs on their journey lo finding a new home and adopters can have their name or short message displayed in our website under Ihg kennel they are sponsoring. DONATIONS Amazon Wishlisl continues to be a great source of funding for us r5 There are loo many organisab'ons and companies to name, bul a massive thank you lo all the local businesses and organisations who have supported us during the year. Christmas Tree Tags are always a good source of income th trees in every shop and at the sanctuary it's a great way to raise funds. And unwanted gifts ar& also great lo sell in our shops. The generosity of Companies. businesses, individuals, sports teams and sky divers la supporter aged 85 no lessll never ceases lo amaze us. You Collect, organise events, donate money for essential items and much much more. We absolutely appreciate all the donations from everyonè. THANK YOU! Page 4
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report EVENTS May Bank Holiday - Model railway display which had a private collection of G-scale engines circling a special built track in the bam. Total raised £1900. SPftlG IAIR RA6ED £2953,&0 WESYCOTTS LUSCOMBE LANSAYE FARM A series of monthly bike nights were held al Triumph with all donations coming to Woodside. @ IRILtIIFH P¥b!OIIIH iJJPM . iuiUPI., FOODI%D DRI4K URVED FRtW JOK¥S GRIL Page 5
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report A series of workshops have been held al WooLlside including string lantern making, fused glass and wreath making. This has proved lo be a very successful idea. July- a very suece5sful quiz night was hold raising £243 Qui Frthy S VFA September- Ouf traditional cream lea afternoon. December- the Christmas fair 4 MASSIVE THANK YOU to everyone who su Christmas ported our £4904.97 RAISED Page 6
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report EDUCATION We were happy lo promote the Dartmoor Livestock Protection Society in our winter newsltrtter by asking drivers lo add their phone number inlo their contacts. Then, should an accident happen or they come across an animal in distress the DLPS can be contacted and lake the necessary action. New law for all pel ¢als lo be microchipped, so very happy lo promote this avanl. FREE Cat Mlcrochlpplng Event M•k• sur• your cat Is 'ledn•sday 12th June 2-4pm Blue Cross Centre - Stratford House, Marsh Barton, Exeter, EX2 8ED From 10th June it is a le881 requifement for ALL ¢ai$ to bt microchipped, 50 Jonathan Wood Vets ts teamin8 up i4iith Blue Cr055 Devon to provide another free microchipping • * session for our f8l*ne fDend5 No booking rded. Rabbil welfareleducalion is still very important lo Woodside. 2024 saw an increase in the number or rabbits being dumped which is probably due lo the lack of understanding on how to look after the rabbits and their needs. Why You Should Why You Should Neuter Your Neuter Your Female Rabblts Mal• Rabblts Wv SHOP The shops continue to be a great source of revenue. P8ge 7
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report The window displays are always up to date and take the opportunity lo highlight specific events throughout the year. The Colebrook Christmas shop has also become an event in itself with many people trag&rfy anticipating the opening of it in November.There is always a queue on the first day of op8ningl STAFF Recruiting the right peoplg has always been a challenge. so earlier in the year we mad8 good use of staff oftspring- thanks lo the children and grandchildren of our staff mombers. October- 2 job va¢ancies for Retail AssistantslDonation Handlers. Nov8mb8r - Anlmal Care Assistant post advertised for the sanctuary. PORTUGAL This legacy which enabled us to 5UPPOrt the work of several Algarve animal ¢harilies has now been Page 8
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Ten Year Plan Develop a policy lo review the training needs of new Trvsl8es. Establish a £2 million reserve fund. Develop the current welfare round into a full lime, permanent service. Establish a separate adminislration I staff to 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 elc. Appoint a fundraising co-ordinator lo sanction and oversee all fundraising events., c& ordinate fundraising groups and estsblish new opportunities lo generate income lo support and expand the work of the Trust. Fundraising policy The charity normally runs various fundraising events throughout the year which, with thg holp of our kind supporters, also raise vital funds and spread awareness of our chariws work. These are detailed elsewhere in Ihe Trustees, report. The charity did nol make use of any external professional fundraisers lo fund raise funds on behalf of the charity during the year. The charity receivpd no complaints about ils fundraising 8¢tivilies during the year. The charity follows no official fundraising standard but always acts lo ensure that vulnerable people are protected whenever il carries out ftjndraising activities. The charity ensures that fundraising activities are restricted lo a limited range of approved activities lo ensure that vulnerable people and other members of the public a prolecled from behaviour which is an unreasonable intrusion of a person'5 privacy. is unreasonably persistent or plaS undue pressure. Flnan¢lal Revlew 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 prernise. The unincorporated charily Gonlinues lo collect some donations and acts as agent for the charitable ¢ompany in order lo capture gift aided r&venue which provides an important source of income. Woodside is dedicated lo increasing the amount of donations subject to gift aid to maximise its benefits. Overall the Trust made a surplus of £2.171,921 12023.. £96,548) ijuring the financial year. Legacy income continues to represent a large proportion of incorne, being 760/.12023.. 45°/ts}. The reserv&s of the Trust increased lo £5.736,362 12023.. £3,564,441) and the cash at bank balance increased lo £2,547,52212023.. £419,164}. R•$arvo$ Pall¢y Within the financial year there are Sarge financial reserves held in ils bank accounts due lo a signficant legacy received. The Board of Trustees is committed lo ulilising the maximurn level of financial resources available that il is responsibly ablé to do so. The Trustees are however mindful of the necessity to hold reserves and f( is Trust policy to aim lo hold r8serv8 funds of at least 12 months running costs. Conclusion A great big 'upside down, thank you from all the residents al Woodside for the care and love they receive trom the staff and supporters. Page 9
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Page 10
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Statement of trustees. responsibilities The trustees (who are also the directors of Woodside Animal Welfare Trust lor the purposes of company lawl are responsible for preparing the trustees. rèport and the financial slalemenls in accordance with applicable law and United Kingdom A¢¢ounling Sland8rds (United Kingdom Generally Accepted Accounting Practic81. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires Ihe trustees lo ppare financial statements for each financial year. Under Company law the trustees musl not approve the financial statements unless they are satisfied thal they give a true and fair view of the 51ale of affairs of the charitable company and of the incoming resources and applicatlDn of resources, including its income and oxpendilure, of the charitable cornpany for that period. In preparing thesg finan¢ial statements, the trustees are required lo-. select suitable accounting policies and apply them CDnsislenlly', observe the methods and principles in the Charities SORP., rnake judgements and estimates Ihal are reasonable and prudent., slate whether applicable accounting standards. comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financial slalements-, and pr8par& the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any lime the financial position of the charitable cornpany and enable them to ensure thal the financial slalemenls comply with the Companies Act 2006. Théy ar8 also responsibl& for safeguarding the assets of the charitable company and hen¢e for taking rgasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mainlenance and integrity of the corporate and finan¢ial information included on th@ charitable ¢ompanls website, Legislation governing the preparation and dissémination of financial statements may differ from legislats'on in other jurisdictions. Disclosurg of inforniati¢n to auditor Each trustee has taken steps Ihal they ought to have iaken as a Iruslee in order lo make themselves aware of any relevanl audit informalion and lo establish that the charity's auditor is aware of that infomialion. The Iruslees ¢onfirm that there is no relevant informab'on that they know of and of which they know the auditor is unaware. Page11
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Trustees, Report Golng ¢on¢ern The Trustees have prepared a cash-flow forecast that reflects their best prediction for donations and expenditure going forward and which demonslrales the charity projects to have sufficient Cash lo meet ils liabilities as they fall due over the next 12 months. The charity continues to have access to its pre-exisling bank facilities and the Trustees take further comfort fmm the support they continue lo receive in the form ol legacies and donations from thoir supporters. As at the year end the charity taIned £2.547,522 in cash in addition lo their investrnent portfolio valued at £101.970. Furthermore the charity owns 5 of its charity shops and addilional land surrounding the sanctuary sile which in a worst case scenario could be sold lo support the cash-flow of the charity. Post year end managemenl accounts also show the Gharity 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 these forecasts and analysis, thè Trustèes remain confident that the charity will continue to be a going concern lor a period of at least 12 rnonths from the date of approving these financial stalemenls. The annual report was approved by the trustees of the charity on behalf by.. and signed on its Mrs C Bowles MBE Trustee Page 12
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust Opinion We have audited the financial slalerllenls of Woodside Animal Welfare Trust {Ihe 'charity'l for the year ended 31 December 2024. which comprise the Statement of Financial A¢tivities. Balan¢8 Sh&et, Slalemenl of Cash Flows, and Notes to the Financial Stalemenls, including a sumrnary of significant aOntIng policies. The financial reporting frafnework that has been applied in their preparation is United Kingdo Accounting Standards, COpS4g Charities SORP FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicablè law (United Kingdom Generally ACpted Accounting Praclicel. In our opinion the financial slalemenls.. give a true and fair view of the slate of the ¢harity's affairs as al 31 December 2024 and of ils incoming resources and application of resources. including its income and expenditure, for the year then ended., h8ve been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial slalernenls 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 statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled OLJr other elhical responsibilities in accordance with these requiremenis. We believa that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclu$lon$ rglating to going ¢on¢?m In auditing the financial slalements, we have concluded that the trustees use of the going concem 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 UnrtaIntieS relating to events or Conditions that, individually or collectively, may cast significant doubt on the charity's ability lo conb'nLJe as a going concern for a period of at least Iwolve months from when the original financial statomenls were authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are dascribÉd in Ihg relevant se¢lions of this report. othar Informatlon The trustees are responsible for the other infDrrnalion. The other information comprises the infomiabon included in the annual report, other than the financial slalements and our auditor's report Ihereon. Our opinion on the financial slalefnenls doe5 not cover the other information and, except lo the extent otherwise explicitly slated in our report, we do not express any fomi of assurance conclusion thereon. Page 13
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust In connection with our audit of the financial statem8nts. our rèsponsibility is lo read th8 other information and, in doing so. consider wh8lher the other information is materially inconsislenl with the financial 51atemenls or our knowledge obtained in the audit or otherwise appears lo be malerially isslaled. 11 we identify such material inconsistencies or apparent material misstatements, we are reouired lo determine whether there is a material misstatement in the financial statements or a material misstatement of the olher information. If, based on the WOTk we have perforrned. we conclude that there is a material misstsletnenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matter prescribed by the Companlas Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomiation given in the Trustees. Report for the financial year for which the financial slalemenls are prepared is consislenl with the financial slaleTnenls', and the Trustees, Report has been prepared in accordance with applicable legal r8quiT8ments. Matters on which we are required to report by exception In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in Ihe Trustees. Report. We have nothing lo report in respect of the following rnatters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate ac¢ounting records have not bgen kept, or relums adequate for our audit have not been received from branches not v1511ed by us.. or the financial statements are not in agreement with Ihe a¢¢ounling records and r&turns", or rtain disclosures of trustees remuneration specified by law are not made,. or we have not received all th& information and explanations we require for our audit. Responslbllltles of trustees As explained Tnore fully in the Statement of Iruslees, responsibilities Isel out on page 111, the trustees are responsible for the preparation of the financial statements and for b&ing satisfied that they give a true and fair view. and for such inl&rnal control as the Iruslèes determine is necessary lo enable the preparation of financial ststements that are free from material misslalemenl. whether due ID fraud or error. In preparing the financial slalerllenls, the Iruslee5 are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable. malters related to going concern and using the going concern basis of accounting unless the truste¢s eilhgr inltrnd to liquidalg the charity or lo cease operations, or have no realistic allemative but lo do so. Auditor r8sponslb1ltr¢S for tho audlt of th• flnan¢lal statements Our objectives are ID obtain reasonable assurance about whether th8 financial statamenls as a whole are free from material misststgmgnt. whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonabl8 assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delect a material misstalement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in thè aggregate. they could reasonably be expected lo influence the econornic decisions of users taken on the basis ol these financia5 slatemenls. Page 14
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust Irregularities, including fraud, are instances of non-compliance with laws and règulations. Wa d8sign ProdureS in line with our responsibilits'es, outlin8d above, lo d&leGI material misstalemenls in respect of irrogularilies, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. Based on our undèrstanding of the company and industry, we identified that the principal risks of non-compliance with law5 and regulations related lo acts by the company which were contrary lo applicable laws and regulations, including fraud. We considered those laws and regLJlations that have a direct impact on the preparation of the financial slalemen15, including. bul not limited lo FRS 102 leffeclive 1 January 20191- Icharilies 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 dirgct effect on the financial statem&nts bul compliance with which may be fundamental lo the Company's ability lo operate or lo avoid a material penalty. This includes GDPR, employrnenl law and health and safely regulab'ons. As part of Dur planning procedures, we assessed the risk of any non-compliance with laws and rggLJlations on the enlily's ability to continue operating and the risk of material misslalemenl lo the accoun15. Based on this understanding we designed our audit procedures to identify non-compliance w((h such laws and regulats'ons. Our procedures involved th¢ following.. Reviewed any legal and professional ¢osts lo identify legal costs in respect of non compliance., Enqviries with management whether there have been any known instances, allegations or suspicions of fraud or non compliance with laws and regulations,. Review of board minutes where available. Wo 6valualed management's Incentives and opportunities for fraudulent manipulation of the financial slalemenls (including 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; • Roview of significant a¢¢ounling eslimales for bias., Review of legacy income recognition. Subslanlive testing of income completeness. Because of the inherent lirnitalions of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. The risk ol not detecting a material misstatement due lo fraud is higher than the risk of not detecting one r8sulling from error, as fraud may involve deliberate omissions, Collusion, forgery, misrepresenlalions, or the override of inlemal controls. We are also less likely ID become aware of instanS of non-compliance with laws and regulations that are not closely related lo events and transactions refle¢led in the financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website al.. www.frc.org.uklauditorsresponsibililies. This description forms part of our auditor'5 report. Uso of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 01 Part 16 of the Companies Act 2006. Our audit work has been undertaktsn so that we might stste lo the charity's Iruslees those matters we are required lo slate lo them in an auditor's report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils Iruslees as a body, for our audit work, for this report, or for th8 opinions we have formed. Page 15
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Independent Auditor's Report to the Members of Woodside Animal Welfare Trust $*fi4d by.. Louise Bridgett Isenior Slalulory Audilorl For and on behalf of PKF Francis Clark, Slalutory Auditor Melville Building East Unil 18. 23 Royal William Yard Plymouth Devon PL1 3GW 29 September 2025 Page 16
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Statement of Financial Activities Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitsble activities Other trading activities Investment income 3,295,81 S 88,015 510,858 130,420 3,295,815 88.015 510,858 130,420 Total Income 4.025,108 4.025,108 Expendituro on.. Raising funds Charitsble activities 1362,809} 1,395,51 S 1362,8091 1.490,250 94,735 Total Expenditure GainsllLossesl on investment assets 11,758.3241 128 194,7351 11,853.0591 11281 Nel incomellexpgndilurol Transfers between funds 2,266,856 18,458 194,7351 18,458 2,171.921 Net movement in funds 2,248,198 176,2771 2,171,921 Reconciliation of funds Total funds brought forward 3,389,600 174,841 3,564,441 Total funds carried forward 23 5,637,798 98,564 5,736,362 The notes on pages 21 to 40 form an int8gral part of th8S8 financial stat8m&nts. Pag817
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Statement of Financial Activities Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Comparative year Total 2023 Unrostricted Restricted Noto In¢ome and Endowments from: Donations and legacies Charitsble activities other trading activities Investmgnt income 962,474 76,964 479.973 74,828 962,474 76,964 479,973 74,828 Total In¢ome 1,594,239 1,594,239 Expendlture on: Raising funds Charitsble activities 1304,8861 1,229,571 1304,8861 1.322,788 93,217 Total ExpendilLJre GainsllLossesl on inveslrnent assets 11,534.4571 163.1131 193,2171 11,627,674) 63.1131 Nel expenditure 13,331} 193.2171 96.548 Nel movernenl in funds 13,3311 193.2171 196,5481 Reconciliation of funds Total funds brought forward 3,392,931 268,058 3,660.989 Total funds carried forward 23 3,389,600 174,841 3.564,441 All of the charity's activities derive from continuing operations during the above bNo periods. The notes on pages 21 to 40 form an integrdl part of these financial 5taternents. Pag8 18
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust (Registration number: 07697602) Balance Sheet as at 31 December 2024 2024 2023 Note Fixèd assets Tangible assets Investmen15 3,095,171 101,970 3,119.895 217,598 3,197,141 3,337.493 Current assets Deblots Cash al bank and in hand 174,535 2,$47,522 225.194 419,164 18 2,722,057 644,358 Creditor$.' Amount$ falllng due wlthln one year 19 139,821 120,5021 Net current assèts 2,582,236 523,856 Total assets less currant Ilaollltlos 5,779,377 3.861,349 Creditors: Amounts falling du& aft$r more than one year 20 Net assets 43,015 296,9081 3,564,441 5,736.362 Funds of tho charity.. Restricted income funds Restricted funds 98.564 174,841 Unre¢tricl'ed incom¥ furtils Unrestricied funds 5,637,798 3,389.600 Total func1$ 23 5,736,362 3,564,441 The financial s temenls on pages 17 10 40 were approved by the Iruslees, and aulhorised for issue and signed on their behalf by.. Mrs C Bowles MBE Trustee The not85 on pages 21 to 40 form an integral part of these financial statements. Page 19
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Notè Cash flows from operating activitios Net incomellexpendilurel 2,1T1,921 196,5481 Adjustments to cash flows from non-cash items Depreciation Investment income (Gainsy losses on investments Decrease in debtors Increase in creditors 91,372 1130,4201 128 50.659 23,419 88.038 174,8281 63,113 88,641 7.516 17 19 Nel Cash flows from operating activities 2,207.079 75,932 Cash flows from investing activities Interest receivable and similar income Purchase ol tangible fixed assets Sale of inveslTNenls Income from divid8nds and investment propertl88 60,609 166,6481 115,500 69.811 3.222 143,8431 15 71,606 Nel cash flows from investing a¢livilies 179,272 30,985 Cash flows from finan¢ing activities Repaym8nl of loans and borrowings Ntrl increase in cash and cash equivalents 19 257,993 79,119 2,128,358 27,798 Cash and cash equivalents at 1 January 419,164 391,386 Cash and cash equivalents at 31 Decefflber 2,547,522 419,164 l of the cash flows are derived from continuing operations during the above two periods. The notes on pages 2110 40 fom an integra5 part ol these financial statements. Page 20
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Ststements for the Year Ended 31 December 2024 1 Charlty ststu$ The Charity is limitod by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the Iru51ees is liable lo contribute an amount not exceeding £10 towards the assets of the charity in the event ol liquidab'on. The principal place of business is.. WAWT The Sanctuary Elfordleigh Plymouth Devon PL7 SED 2 Ac¢ountlng poll¢le$ Summary of significant accounting policies and key accounting estimates The principal a¢¢ounling policies applied in the preparation of these financial slalemenls are sel out b8low. These policies have been conslstenlly applied to all the years presented, unless otherwise slated. ststemènt of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Stalernenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicab5e in the UK and Republic ol Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Rgpublic of Irgland IFRS 1021. They also comply with the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Woodside Animal Welfare Trust meets the definition of a public ben8fit 8ntily under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise ststed in the relevant accounting policy notes. Golng ¢on¢ern The trustees considar that thérè are no material unc8rtainties about the Charity's ability to continue as going ¢on¢ern. The financial ststemenls have been prepared on the going concem basis. For further discussion see the Trustees, Report. Pag8 21
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Kgy $our¢8$ of •$tlmatl¢n uncortalnty The fair valuation of investment property al each year end by the Trustees by nature is subject to a significant degree of eslimation uncertainty. The Trustees prepare their valuation by carefully onsidering the mark81 value al acquisition and subsequent known movemenis in the residential property market. The carryng amount is £88,157 {2023 - £203,654). Income and endowments l income is recognised once the charity has entitlement lo the income, it is probable that the income will be received and the amount of Ihe income rec8ivable ¢an be measured reliably. Donations and legacies AJI donations are recognised on a recelved basis. Goods donated lo the Trusl for sale in the charity shops are recognised when the items are sold and are shown as income from other trading a¢livibes in th& Slalemenl of Financial Aclivilies. Life memberships are recognised on a received basis. Donations or beque51s received. for which the donor earmarks a spe¢ifi¢ purpose, are allocated to a reslricled fund. Funds which are expendable al the discretion of the Trustees in accordance with the charitls objectives are allocated lo unrestricted funds. Bequests and legacies ar8 recognised when il is probable that they will be rec8ived. Receipt is normally probable when there has been grant of probate, the executors have established that there are sufficient assets in the estate to pay the legacy and any conditions attached lo the legacy are Oith&r within the control of the charity or have been mel. Grants re¢elvable Grants are recognised when the charity has an entillemenl to the funds and any conditions linked to the grants have been met. Where performance Conditions are attached lo the grant and are yel lo be met, the income is recognised as a liability and included on the balance sheet as deferred income. Investment income Interasl on funds hèld on deposit is included when receivable and the amoLJnl can mèasLJr8d reliably by the charity on the accruals basis. Dividends are recognised once the dividend has be8n declared and notifi¢ation has been received of the dividend due. Expgndllurg All expenditure is recognised once there is a legal or ¢onslru¢tive obligation lo that expenditure, il is probable settlement is required and the arnounl can be rneasured reliably. All costs are allocated to the applicable expenditure heading that aggregale similar costs to that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consistsnt with the estimated use ol resources. Ralslng funds These are costs incurred in attracting voluntary in¢orne. the management of investments and those inCued in trading activities that raise funds. Page 22
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activities and services for its beneficiaries. 11 includes both ¢0515 that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support them. Support costs Support costs include central functions and have been allocated to activity Cost categories on a Liasis consistent with the use of resources, lor example. allocating property costs by floor areas. or per capita, staff costs by the lime spent and other costs by their usage. Governancè cost$ These include the costs allributable lo the charity's compliance with conslilutional and slalulory requirements, including audit, strategic management and trustees, meetings and reimbursed expenses. Taxation The charity is considered lo pass the lesls sel out in Paragraph 1 S¢hedulo 6 of th$ Finan¢e Act 2010 and therefore il Mee the delinilion of a charitable cofflpany for UK corporation lax purposes. Accordingly, the Charity is potentially exefnpl from laxalion in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax A¢1 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposas. Tangible fixed assets Individu81 fixed assets C051ing £100 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Dep¢atron and amorti5ation Depreciation is provided on tsngible fixed asse15 $0 as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Freehold buildings Leasehold buildings Kennels Motor vehicles Plant and equipment Land Depreciation method and rate 2010 slraighl line Over the life of the lease 2% slraighl line 25% reducing balance 20% 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 profil or loss. Pag8 23
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Flxed a55et investments Fixed asset invaslmenls. olhar than programmè rglaled inv8stm&nls, included at market value al the balance sh881 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 c051, and aTe charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses r&presenl the Tnovemenl in market values during th& year and are credited or charged lo the Statement of Financial Activits'es based on the arket va5ue al the year end. Fund structure Unreslricted income funds are expendable al the discretion of the Trustees in the furtheran¢e of the objects of the Charity. Restricted income funds are to be used in accordance with the specific restrictions imposed by donors or which have been raised by the charity for a specific puip05e. The ¢0515 of raising and administering such fullds are charged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial stalemenls. Pensions and other post retirement obligation5 The charity operates a defined ¢ontribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or con51ruclive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions lo defined contribution plans are recognlsed In the Statement of Financi81 Activitles when they are due. If contribution payments exceed the contribution due lor service, the excess is recognised as a prepayment. Flnanclal instruments Classificatlon The charity holds the following financial instruments.. Short term trade and other debtors and creditors., Long term bank loans., and Cash and bank balances. I rinancial inslnjmenis are classified as basic. Page 24
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Re¢ognltlon and measurement The charity has chosen lo apply the recognition and meaSurnan1 principles in FRS102. Financial instruments are recognised when the Gharity becomes party lo the contractual provisions of the instrumenl and derecognised when in the case of assets, the contractual rights to cash flows from tho assets expire or substsntially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the charity's obligations are discharged, oxpire or are canlled. Ex¢epl for bank 108ns, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried al tha undiscounted amount ol the cash or other consideration expected to be paid or received, after taking account of impairment adjuslmenls. Bank loans are initially measured al Iransa¢lion pri¢e. including Iransa¢lion Costs, and are subsequently carried al amortised cost using the eff&¢live interest method. 3 Income from donatlons and logacies Unrestricted funds General Total 2024 Donations and legaaes., Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants.. Grants from other charities 200,235 3,042,904 41.539 200,235 3,042,904 41.539 11.137 11,137 3,295,815 3.295,815 Unrastrictad funds General Total 2023 Donations and legacies.. Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants., Coronavirus Discretionary Local Govemmenl grants and other grants 202.211 716.429 35,175 202,211 716,429 35,175 8,659 8,659 962,474 962,474 Page 25
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 4 In¢oma from charitable activities Unrestrfcted fund5 General Total 2024 Homings Memberships Boarding fees 85,950 1,985 80 85,950 1,985 80 88,015 88,015 UnTOStrictad funds General Total 2023 Homings Memberships Boarding fees 74,506 2,171 287 74,506 2,171 287 76,964 76,964 S Income from other trading activities Unr¢$trl¢tèd funds General Total 2024 Trading income.. Shop income from sale ol donated goods and services Sponsorship income Other income from olhor trading a¢livilies 485,279 8,029 17,550 485,279 8,029 17,550 510,858 510,858 Unrestricted fund$ General Total 2023 Trading income., Shop income from sale of donated goods and services Sponsorship income Other income from other trading activities 456,883 7,255 15,835 456,883 7,255 15,835 479,973 479,973 Page 26
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 6 Investment income Unrestrlcted fund5 General Total 2024 Income from dividends,. Dividends receivable from other listed investments Interest r8¢eivable and sitnilar income.. Interest receivable on btink deposits Income from rents 1,488 1,488 60.609 68,323 60.609 68,323 130,420 130,420 Unrestrl¢ted funds General ot¢il 2023 ncome from dividends., Dividends receivable Iroiii othor liSt@d inv8Stmants Interosl re¢givabl8 and simil¢4r income., Interest receiviable on bank deposils Income from rents 740 740 3,222 70,866 3,222 70,856 74,828 74,828 Page 27
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 7 Expenditure on raising funds Costs of trading activities Unrestricted funds Total 2024 Total 2023 Fundraising trading costs.. Fundraising and publicity Shop running costs Shop and admin wages Costs Depreciation locateLI support costs 14,405 6,435 288,993 4,569 48,407 14,405 6.435 288,993 4,569 48,407 11.493 9.003 239,410 4,402 40,578 362,809 362,809 304,886 8 Expendlture on ¢harllable a¢tlvltlas Activity undertaken directly Activity support costs 2024 2023 Vel and spaying fees Shéltèr wagas costs 120.216 656,815 13,443 86,803 4,358 543,640 120,216 656,815 13,443 86.803 4,358 543,640 52,975 12,000 107,049 610,253 10,710 79,234 29,400 429.872 44,980 11,290 Depre¢ialion Bank interest Administration costs Allocated support costs Gov&rnance Costs 52.975 12,000 1.425,275 64,975 1,490,250 1,322,788 £1,395,515 12023 - £1,229,5711 of the above expendilure was attributable lo unrestricted funds and £94,73512023 - £93,217) to restricted funds. Page 28
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 9 Analysis of goveman¢e and support costs Support costs Wages of £72,979 {2023 - £68,804) and other support costs of £32,972 12023 - £21,156) are allocated evenly betteen costs ol raising funds and expenditure on charitable aclivilies. The allocation lo each category was £52,97512023 £44,980). The Trustees consider that this accurately reflects the way in which expenditure is incurred. Governance costs Unrestricted fund$ Total 2024 Total 2023 Audit fees Audit of the financial slalemenls Other fees paid lo auditors 9,200 2,800 9,200 2,800 8,595 2,695 12,000 12,000 11.290 10 Not In¢omlngloutgolng re$our¢•$ Net incominglloulgoingl rgsources for tho year include.. 2024 2023 Depreciation of fixed assets 91,372 88,038 11 Auditorfs remuneration 2024 2023 Audit ol the financial stslemenls 9,200 8.595 Other lees to auditors All other non-audit services 2,800 2,695 Pag8 29
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 12 Tru$ta•s remunèration and •xp8ns8s No Trustees, have receivgd any remuneration from tho Charity during the year. During the year the daughter of a Trustee was paid a salary of £39,69812023.. £34,946). The salary paid was in line with the charitable company's standard payscale and included an overnight allowance. No trLJStees have received any reimbursed expenses or any other benefits frorn the charity during the year. 13 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff ¢osts durfng the y•ar were.. Wages and salaries Social security costs Pension costs Other staff costs 1,018.787 64,539 17.169 14,317 854.402 48,106 13,163 13,395 1,114.812 929,066 The monthly average number of persons (including senior management leaml employed by the charity during the year expressed as average head count was as follows.. 2024 No 46 22 2023 No 43 21 Kennels Charity shops 68 64 As required under the Charity SORP we confi'mi that no employee received emoluments of more than £60,000 during the year. Key management personnel cornprise H Lecointe, D Haynes. D Cornish, C Smith, J Salmons, J Haly Ipr8viously Arscottl and L Park8r (previously Darcy}. The lolal ernployee benefits of the key management personnel of the charity were £225,730 12023 £208,126). 14 Taxation The charity is a registered charity and is therefore exernpt from taxation. Page 30
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 15 Tangible fixed asset$ Land and building5 Motor vehicles Plant and equipment Kennels Total C05t Al 1 January 2024 Additions 2.264,286 36,336 76,740 1,738.891 386.226 4,466,143 30,312 66,648 Al 31 December 2024 2,300,622 76,740 1,738,891 416,538 4,532,791 Depreciation At 1 January 2024 Charge lor the year 402,186 67.800 561.977 314.285 1,346,248 37,112 2,238 34,780 17,244 91,372 Al 31 December 2024 439,298 70,036 596,757 331,529 1,437,620 Net book value Al 31 December 2024 1,861,324 6.704 1.142,134 85,009 3,095,171 Al 31 D$cembgr 2023 1,862,100 8,940 1,176,914 71,941 3,119,895 Restriction on litlo and pladged as security £3,095,171 12023 £3,119,895) has been pledged as security for an unlimited fixed and floating charge on the charity's bank borrowings. Page 31
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 16 Fixéd assét Invèstmgnts 2024 2023 Investment properties Other inveslrnenls 88,154 13,816 203,654 13.944 101,970 217,598 Investment properties Inve$tmt4nt properties Cost or Valuatlon Al 1 January 2024 Disposals 115,5001 Al 31 December 2024 88,154 Provision Al 1 January and al 31 December 2024 Net book valua Al 31 December 2024 88,154 Al 31 December 2023 203,654 During the prior year the Trustees had a professional third party valuation cofflpleted which assessed the fair value of investment property al 31 December 2022. One ol the propertias was sold within Ihe year. Page 32
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 Other investments Listed invostments Total Cost or Valuatlon Al 1 January 2024 Revaluation 13.944 11281 13,944 11281 Al 31 December 2024 13,816 13,816 Nat book valua Al 31 December 2024 13,816 13,816 Al 31 December 2023 13,944 13,944 17 Debtors 2024 2023 Trade dèbtors Amounts owed by Trust Prepayments Accrued income VAT recoverable Other debtors 1,726 14,315 13,962 58.257 9,965 78,310 4,882 5,075 14,961 138,748 11,987 49,541 174.535 225,194 Debtors includes £14,315 12023 £5.0751 owed by the unincorporated charity. Woodside Animal Welfare Trust (charity number 2997891, for amounts collected on behalf of the associated charitable ¢ornpany bul held in the uninGorporaled charity's bank accounts al the year end. 18 Cash and cash equivalents 2024 2023 Cash al bank Short-lerm deposits Other cash and cash equivalgnls 2,381,787 164.603 1.132 262,556 156,216 392 2,547,522 419,164 Page 33
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 19 Creditors: amounts falling due within one year 2024 2023 Bank loans Trade ciedilors Other taxation and social security Olh8r creditors Accruals 54,096 26,342 18.222 20,723 20,438 58,196 21.785 7,541 4.662 28,318 139,821 120,502 Creditors due within one year includes the following liabilities, on which security has been given by the charity. 2024 2023 Bank loans 54,096 58,196 Bank borrowlngs The 1 sl bank loan is denominated in sterling with a nominal interest rale ol base rale + 2.5010 and the rinal instalment is due on 19 August 2026. The carrwng amount al year end is £Nil12023 - £77,4501. The 2nd bank loan is denominated in slerfing with a nominal interest rate of base rale + 3% and the final instalmenl is due on 22 July 2031. The carrying amount at year end is £Nil12023 £117,992). The 3rd bank loan is denominated in sleding with a nominal interest rate of base rate + 2.21°lo and the final inslalmenl is due on 3 D8cember 2026. The carwng amount at year end is £97,111 12023 £1 $9,662). Al loan5 are secured by a 1st Legal Charge over the property owned by the Charity al Elfordleigh, Plymplon, Plyrnoulh and an unlimited debenture inctsrporaling 8 fixed and fl081ing charge. 20 Credltors.. amounts falllng dug after ona year 2024 2023 Bank loans 43.015 296,908 Creditors amounts falling due after more than one year in¢ludos the following liabilities, on which security has been given by the charity.. 2024 2023 Bank loans 43.015 296,908 Included in the creditors are the following amounts due after more than five years.. 2024 2023 After more than five years by instslmenls 72,289 Page 34
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 21 Pension and other schemes D¢fined ¢ontrlbLFtlon penslon scheme The charity Dperates a defined contribution pension scheme. The pension cost charge for the year represents ¢ontribulions payablo by the charity lo the scheme and amounted lo £17,169 12023 £13,163). 22 Commitments Flnanclal commltm&nt$ Operating lease commitments for land and buildings are detailed below. Thè total amoLJnl ¢onlra¢led for bul not provided in the financial ststements was £1,924,200 12023 £1,949,8561. 2024 2023 Not lal8r than one year Later than one year and not later than five y¢ars Over five years 25,656 102.624 1,795,920 1.924,200 25,656 102,624 1,821,576 1,949,856 The amount ol non-can¢ellabl8 operating lease payments recognised as an expense during the year was £39.781 12023.. £39,925). There was also capital commitments of £nil {2023.' £24,590) in relation to purchase of assets committed lo within 2024 finanGial year that had not y&1 been installed. Page 35
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Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D ¢0 In u> o ¢0 cy
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D
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Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 24 Analysls of net assets between funds Unrestrictad funds Re$tri¢ted Total fund5 Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditor5 over 1 year 2.996,607 101,970 2,722,057 1139,8211 143,0151 98.564 3,095,171 101,970 2.722,057 1139,8211 143,015 Total net assets 5.637,798 98,564 5,736,362 Total fund$ at31 December 2023 Unrestricted funds Restricted Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year 3.017,927 217,598 571,485 {120,5021 296,9081 101,968 3.119,895 217,598 644,358 1120,5021 296,908 72.873 Totsl nel assets 3,389,600 174,841 3,564,441 25 Analysis of changes in net debt At31 December 2024 At 1 January 2024 Financing cash flows Cash al bank and in hand Debt due within one year Debt due after mor& than one year 419,164 158,1961 296,908 2,128,358 4,100 253,893 2,547,522 154,0961 143,0151 2.450,411 Nel debt 64,060 2,386,351 Other non cash changes At31 December 2023 At 1 January 2023 Financing cash flows Cash al bank and in hand Debt duo 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 142,8571 106,917 64,060 Page 39
Docusign Envelope ID." D16E7E86-3D5042B&BAF4-A27504F8DD2D Woodside Animal Welfare Trust Notes to the Financial Statements for the Year Ended 31 December 2024 26 Control The charity was under the control of the Irusl8es throughout the financial year. 27 Related party transactions During the year the charity made the following related party transactions.. Mrs C Bowles Mrs C Bowles is 8 Trusloe of Woodside Anirp.al Welfare Trust. The kennels are built on land which is owned personally by Mrs C Bowles. From 1984. the Trust enjoyed occupancy wilhoul charge on Mrs Bowles. land and building5 where she ran a boarding cattery. In 2002, because of a building proposed lo be built by Woodside with public rnoney, the Charity Corrimission insisled on a lormal lease of 99 years lo protect the charity assets. The land was orinially valued by two laiid agents at an annual rent of £18,424 5 yearly rent reviews. The leaVe was approved by the Charity Commission. Mrs Bowles, who is a Trustee of Woodside, closed the considei able bLJsiness of her ¢allery and ¢onlinues lo work for the charilii as she has always done wilhoul a salary. During the year rent was paid. in accordance with the above agreement, of £25,660 12023.. £25,656) to Mrs Bowles. In addition a further amount of £3,621 12023.. £3,515) OT rcnt was paid to a close fami151 membgr of C Bowles for the use of the clinic built on thier land. No amounts wem owed lo or from the charity al the year end. Thè Anlmal Defènce Trust An unincorporated charity registered with the Charity Commission (No. 2630951 wth common control of one ol their trustee's. The Charity invoiced The Animal Defence Trust for £295 in the year for re-imbursed éxpenditur8 12023 £3301. A grant of £3.000 was also received in year 12023 - £3,000). ATnounl oulslanding al year and was £Nil12022 £N,.11. Woodside Animal Welfare Trust An unin¢orporaled charity rpgislered with the Charity Comrnission (No. 2997891 with cofflrnon control. On 30 June 2012 the Trust gifted its nel assets and liabilities to the company. From 1 July 2Q12 the company has undertaken the activities of the charity and the tru51 wll eventually become dormant. The value of the nel assets and liabilib'es transferred to the company was £2,789,962. As at 31 December 2023 bank balances still in the unincorporated Trust's name amounting lo £14.31512023 5,0751 were still owed to the Company. The Trust still recéived donations and l&ga¢ies, but these are winding down. Al funds received by the Trust are transferred lo the company at regular intervals. During the year a total of £26,490 was transferred12023'. £36.1001. Page 40