Charity number: 1147719 **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Contents** |**Contents**|| |---|---| ||Page| |Reference and administrative information|1| |Trustees' report|2| |Independent examiners report to the trustees|4| |Statement of financial activities|5| |Balance sheet|7| |Notes to the financial statements|8| ## **Reference and Administrative Information** ## **Charity name:** ## **Maria’s Animal Shelter** **Charity number:** **1147719** ## **Registered address:** 44 Parkengear Probus Truro TR2 4JT ## **Trustees (on date report approved):** Mrs M Mulkeen Mr P Mulkeen Miss R Mulkeen Mr A Thomas Mrs R Thomas Mrs G Wilkes ## **Independent examiner:** Michelle Dash 2 Trevanion Court Truro TR1 3RE 1 Maria's Animal Shelter Annual Report 2023 ## **Trustees Report** The Trustees are pleased to present their report and the accounts for the year ended 31 December 2023 for Maria's Animal Shelter. The Trustees who served during the year and up to the date of this report are set out in page 1. ## **Structure, Governance and Management** The charity is governed by a constitution adopted on 1 June 2012 and amended on 15 June 2012. The Board of Trustees manages the activities of the charity. New Trustees may be appointed by the members at the Annual General Meeting. ## **Charitable Objectives** To promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals. The Trustees have referred to the Charity Commission guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## **Acknowledgements** We as a charity are aware of the importance of having volunteers, grant funders and supporters who are generous with their time and financial help. It is their support that helps us to carry out our work and we thank them for this. ## **Activities and Achievements** From 1[st] January to December 2023, we have assisted in helping 213 animals (2022 – 253 animals), some of whom were neglected, and some of whom who were handed in due to their owners no longer being able to care for them for one reason or another. Although the number of incoming animals has dropped this year compared with 2022, we still have a huge amount on the waiting list. Sadly due to the fewer number of people being able to donate their time in a volunteer capacity, we are restricted with the number of animals we are able to care for. We rehomed 184 animals during the year and continued to raise income for the charity via the boarding service we offer. 2 Maria's Animal Shelter Annual Report 2023 ## **Trustees Report continued:** ## **Financial Review** The financial results of the charity for the year are set out on page 5. The charity's reserves are held to cover unexpected expenses and future operating deficits. There are few fixed costs and so no reserve is required to cover these in the event of closure. - Unrestricted reserves at 31 December 2023 were £132,061 (2022: £141,793) - This level of reserves are maintained to keep the charity running in the event of - reduced incoming resources. • Restricted reserves show a movement deficit of £5.8k (2022: £6.5k) for the year, after charging £5.8k depreciation. Of our £45k restricted reserves, £45k will be drawn down in depreciation of assets over the next few years, there is no cash held pending completion of funded projects. With the outgoing Covid pandemic and the incoming cost of living crisis, we continue to face challenges. We noticed a decline in donations and sponsorships in 2023. Despite this we managed to maintain the overall income received versus 2022 due to increased income in other activities such as adoptions and boarding fees. The increased need for staff due to a decline in volunteers, and the continual increase in veterinary costs have impacted the reserves in 2023. ## **Future Plans** Significant projects have been put on hold while we consolidate our finances during this economic testing time. Our focus is to contain costs as much as possible and will continue to find ways to increase donations and raise public awareness of our charity aims and objectives. Our overall aim for the coming year will be to continue to rescue, treat and re-home as many animals as our resources allow and provide high quality care for those who are permanent residents of the Shelter. Approved by the Trustees and signed on behalf of the trustees by: ………………………. Maria Mulkeen Trustee Date………………… 3 Maria's Animal Shelter Annual Report 2023 ## **Independent examiner’s report to the trustees of Maria’s Animal Shelter** I report to the charity trustees on my examination of the accounts of the above charity for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** "I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have not accepted payment for my services. Michelle Dash FCCA Dated: 4 ## Maria's Animal Shelter Annual Report 2023 ## **Statement of Financial Activity** |||Unrestricted|Restricted|Total Funds|Prior Period| |---|---|---|---|---|---| |||Funds|Funds|2023|Funds 2022| ||Note|£|£|£|£| |**Income and Endowments from**|||||| |Donations & Grants|2|59,354|11,000|70,354|72,193| |Charitable Activities|3|12,895|0|12,895|11,817| |**Total**||72,249|11,000|83,249|84,010| |**Resources Expended**|||||| |**Expenditure on:**|||||| |Raising funds|4|1,975|0|1,975|1,825| |Charitable Activities|5/6|80,007|16,841|96,848|77,363| |**Total**||81,982|16,841|98,823|79,188| |**Net income/(expenditure)**
**before transfers**||(9,733)|(5,841)|(15,574)|4,822| |Transfers between funds||0|0|0|0| |Total funds brought forward||141,793|51,308|193,101|188,279| |**Total funds carried forward**||**132,061**|**45,467**|**177,527**|**193,101**| 5 ## Maria's Animal Shelter Annual Report 2023 ## **Statement of Financial Activity** To 31st December 2022 |||Unrestricted|Restricted|Total Funds|Prior Period| |---|---|---|---|---|---| |||Funds|Funds|2022|Funds 2021| ||Note|£|£|£|£| |**Income and Endowments from**|||||| |Donations & Grants|2|56,043|16,151|72,193|59,466| |Charitable Activities|3|11,817|0|11,817|10,807| |**Total**||67,859|16,151|84,010|70,273| |**Resources Expended**|||||| |**Expenditure on:**|||||| |Raising funds|4|1,825|0|1,825|1,847| |Charitable Activities|5/6|54,730|22,633|77,363|78,355| |**Total**||56,555|22,633|79,188|80,202| |**Net income/(expenditure)**
**before transfers**||11,304|(6,482)|4,822|(9,929)| |Transfers between funds||0|0|0|0| |Total funds brought forward||130,489|57,790|188,279|198,208| |**Total funds carried forward**||141,793|51,308|193,101|188,279| 6 Maria's Animal Shelter Annual Report 2023 ## **Balance Sheet** |**Balance Sheet**|||| |---|---|---|---| ||Note|Total Funds
2023|Prior Period Funds
2022| |||£|£| |**Fixed Assets:**|||| |Tangible Assets|10|104,040|113,880| |**Total Fixed Assets**||104,040|113,880| |**Current Assets:**|||| |Debtors & prepayments|11|1,156|1,015| |Cash at bank & in hand||77,379|78,206| |**Total current assets**||78,535|79,221| |**Liabilities:**|||| |Creditors: amounts falling due
within 12 months|12|(5,047)|0| |Net current assets||73,487|79,221| |**Total assets less current liabilities**||**177,527**|**193,101**| |**The funds of the charity**|||| |Restricted income funds|16|45,467|51,308| |Unrestricted funds|15|132,061|141,793| |**Total charity funds**||**177,527**|**193,101**| The financial statements 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements were approved by the board on: And signed on its behalf by: Maria Mulkeen Trustee 7 Maria's Animal Shelter Annual Report 2023 ## **Notes to the Financial Statements** ## **1. Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements 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 (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies ## **Basis of preparation** Maria’s Animal Shelter meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. ## **Income and endowments** All incoming resources are included in the statement of financial activities when it is probable the charity will be entitled to the income and the amount can be quantified with reasonable accuracy. ## **Fund accounting policy** Unrestricted Income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in notes 14, 15 and 16. 8 Maria's Animal Selter Annual Report 2023 ## **Notes to the Financial Statements continued:** ## **Incoming resources** Donations are recognised on a cash receipts basis. Incoming resources from tax reclaims are included in the statement of financial activities when received. Income from charitable activities includes income earned, which is recognised when the related goods or services are provided. ## **Resources expended** Liabilities are recognised as soon as there is a legal obligation committing the charity to the expenditure. Expenditure is accounted for on an accruals basis where appropriate. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** Governance costs include administrative expenses, costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. ## **Support costs** Support costs include central functions but not administrative expenses and have been allocated to activity cost categories on a basis consistent with the use of resources. ## **Fixed assets** Individual fixed assets costing £150 or more are initially recorded at cost. ## **Depreciation** Depreciation is provided on tangible fixed assets to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Fixtures and fittings 15% reducing balance basis Office Equipment 25% straight line basis Motor Vehicles 25% reducing balance basis 9 Maria's Animal Shelter Annual Report 2023 ## **2. Income from Donations & Grants** |Grants
Donations
**Total**|Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
8,500
11,000
19,500
18,537
50,854
0
50,854
53,656| |---|---| ||59,354
11,000
70,354
72,193| ## **3. Income from Charitable Activities** |Adoption donations
Fundraising
Sponsorship
Boarding fees
**Total**|Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
2128
0
2128
952
6,229
0
6,229
6,233
2,184
0
2,184
3,270
2,354
0
2,354
1,362| |---|---| ||12,895
0
12,895
11,817| 10 Maria's Animal Shelter Annual Report 2023 ## **4. Cost of Raising Funds** |**Costs of Raising Funds**
Commissions paid
**Total**|Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
1,975
0
1,975
1,825| |---|---| ||1,975
0
1,975
1,825| ## **5. Cost of Charitable Activities** |**Charitable Activities**
Purchases
Veterinary Fees
Training
Wages
Rent & Water
Light Heat & Power
Insurance
Repairs & Maintenance
Business Services
Telephone & internet
Protective Clothing
Printing postage & stationery
Subscriptions
Motor Expenses
Advertising
Computer costs
Sundry
Depreciation
**Total**|Unrestricted
Restricted
2023 Total
2022 Total
£
£
£
£
2,117
0
2,117
3,801
15,472
9,000
24,472
19,016
221
0
221
0
43,951
0
43,951
32,232
191
0
191
525
2,328
0
2,328
726
1,068
0
1,068
991
3,752
2,000
5,752
3,347
2,949
0
2,949
1046
269
0
269
310
266
0
266
0
634
0
634
154
96
0
96
16
2,047
0
2,047
1,692
395
0
395
1,324
74
0
74
150
0
0
0
265
4,178
5,841
10,019
11,768| |---|---| ||80,007
16,841
96,848
77,363| 11 ## Maria's Animal Shelter ## Annual Report 2023 ## **6. Analysis of Support and Governance Costs** ||Direct|Support|Governance|2023 Total|2022 Total| |---|---|---|---|---|---| ||£|£|£|£|£| |Commissions paid|0|0|1,975|1,975|1,825| |Purchases|2,117|0|0|2,117|3,801| |Veterinary Fees|24,472|0|0|24,472|19,016| |Training|221|0|0|221|0| |Wages|14,650|14,650|14,650|43,951|32,232| |Rent & Water|191|0|0|191|525| |Light Heat & Power|2,328|0|0|2,328|726| |Insurance|1,068|0|0|1,068|991| |Repairs & Maintenance|5,752|0|0|5,752|3,347| |Business Services|0|2,949|0|2,949|1046| |Telephone & internet|0|269|0|269|310| |Protective Clothing|266|0|0|266|0| |Printing postage & stationery|0|634|0|634|154| |Subscriptions|96|0|0|96|16| |Motor Expenses|2,047|0|0|2,047|1,692| |Advertising|0|0|395|395|1,324| |Computer costs|0|74|0|74|150| |Sundry|0|0|0|0|265| |Depreciation|10,019|0|0|10,019|11,768| |**Total**|63,226|18,576|17,020|98,823|79,188| 12 Maria's Animal Shelter Annual Report 2023 ## **7. Net outgoing resources for the period** |**7. Net outgoing resources for the period**||| |---|---|---| |Net outgoing resources is stated after charging|2023 Total|2022 Total| ||£|£| |Depreciation and other amounts off tangible fixed assets|10,019|11,768| ## **8. Trustee Remuneration** Maria Mulkeen received an honorium of £12,736 (2022 £10,747) in line with an agreement with the Charity Commission. No other Trustee received any remuneration for acting as a trustee during the current or previous year. No Trustees were paid any expenses during the current or previous year. ## **9. Employees** |**9. Employees**||| |---|---|---| |**Employment costs**|2023 Total|2022 Total| ||£|£| |Wages and salaries|43,951|32,232| |**Employee Numbers**|2023 Total|2022 Total| |Charitable Activities|4|4| No employee received emoluments of more than £60,000 in 2023 or 2022 13 ## Maria's Animal Shelter Annual Report 2023 ## **10. Tangible Fixed Assets** ||Freehold
Land &
Buildings|Motor
Vehicles|Fixtures,
Fittings &
Equipment|Total| |---|---|---|---|---| ||£|£|£|£| |**Cost**||||| |At 1 January 2023|125,683|20,931|28,206|174,820| |Additions|0|0|179|179| |Disposals|0|0|0|0| |Transfers|0|0|0|0| |At 31 December 2023|125,683|20,931|28,385|174,999| |**Depreciation**||||| |At 1 January 2023|21,853|14,308|24,779|60,940| |Provided in Year|7,284|1,656|1,080|10,019| |On Disposals|0|0|0|0| |At 31 December 2023|29,137|15,964|25,858|70,959| |Net book value at 31 December 2023|96,546|4,967|2,527|104,040| |Net book value at 31 December 2022|103,830|6,623|3,427|113,880| ## **11. Debtors** ||2023|2022| |---|---|---| ||£|£| |Prepayments & Accrued Income|1,156|1,015| |Total|1,015|1,068| 14 ## Maria's Animal Shelter Annual Report 2023 ## **12. Creditors: amounts falling due within one year** |**12. Creditors: amounts falling due within one year**||| |---|---|---| ||2023|2022| ||£|£| |Accrued Expenses|5,047|0| ||5,047|0| ## **13. Related Parties** ## **Controlling entity** The charity is controlled by the trustees. ## **14. Analysis of net assets between funds** |Current Period|Unrestricted
Funds|Restricted
Funds|Total
Funds| |---|---|---|---| ||£|£|£| |Fund balances as at 31 December 2023 as represented by:|||| |Tangible Fixed Assets|58,573|45,467|104,040| |Current Assets|78,535|0|78,535| |Current Liabilities and provisions|(5,047)|0|(5,047)| |Total|132,060|45,467|177,527| |Prior Period|Unrestricted
Funds|Restricted
Funds|Total
Funds| ||£|£|£| |Fund balances as at 31 December 2022 as represented by:|||| |Tangible Fixed Assets|62,572|51,308|113,880| |Current Assets|79,221|0|79,221| |Current Liabilities and provisions|0|0|0| |Total|141,793|51,308|193,101| 15 ## Maria's Animal Shelter Annual Report 2023 ## **15. Analysis of Unrestricted Funds** |Unrestricted Fund
Unrestricted Fund
**2023**
Adoption for Pets- depreciation reserve for Van
The Anthony V. Martin Foundation - depreciation
reserve for Hospital Building
Tesco Bags of Help- depreciation reserve for
Pathways
Awards for All- Depreciation Reserve for Pathways
Petplan- revenue funding
Pets at Home - revenue funding
Animal Defence - revenue funding
**16. Restricted Funds**|At 1
January
2023
Incoming
Resources
Outgoing
Resources
Transfers
At 31
December
2023
£
£
£
£
£
141,793
72,249
(81,982)
0
132,061
At 1
January
2022
Incoming
Resources
Outgoing
Resources
Transfers
At 31
December
2022
£
£
£
£
£
130,489
67,859
(56,555)
0
141,793
At 1
January
2023
Incoming
Resources
Outgoing
Resources
Transfers
At 31
December
2023
£
£
£
£
£
6,532
0
1,565
0
4,967
38,824
0
2,606
0
36,218
452
0
170
0
282
5,500
0
1,500
0
4,000
0
4,000
4,000
0
0
0
5,000
5,000
0
0
0
2,000
2,000
0
0| |---|---| ||51,308
11,000
16,841
0
45,467| Of the £45,467 restricted reserves £45,467 is a reserve for future depreciation charges 16 ## Maria's Animal Shelter ## Annual Report 2023 |**2022**
Adoption for Pets- depreciation reserve for Van
The Anthony V. Martin Foundation -
depreciation reserve for Hospital Building
Tesco Bags of Help- depreciation reserve for
Pathways
ADF Pet Grant- revenue funding
Animal Friends - revenue funding
Marchig Animal Welfare Trust- revenue funding
Betty Phillips Charitable Trust - revenue funding
Awards for All- Depreciation Reserve for
Pathways
Newsletters
Anonymous donation for wages|At 1
January
2022
Incoming
Resources
Outgoing
Resources
Transfers
At 31
December
2022
£
£
£
£
£
8,739
0
2,207
0
6,532
41,429
0
2,605
0
38,824
621
0
169
0
452
0
2,000
2,000
0
0
0
2,000
2,000
0
0
0
6,000
6,000
0
0
0
2,000
2,000
0
0
7,000
0
1,500
0
5,500
0
537
537
0
0
0
3,614
3,614
0
0| |---|---| ||57,789
16,151
22,632
0
51,308| Of the £51,308 restricted reserves £51,308 is a reserve for future depreciation charges 17