Charity number: 1147719 **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **Contents** |**Contents**|| |---|---| ||Page| |Reference and administrative information|1| |Trustees' report|2| |Independent examiners report to the trustees|5| |Statement of financial activities|6| |Balance sheet|8| |Notes to the financial statements|9| ## **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 Mrs G Wilkes Mr A Thomas (Resigned 27.06.2025) Mrs R Thomas (Resigned 27.06.2025) ## **Independent examiner:** Michelle Dash 2 Trevanion Court Truro TR1 3RE 1 Maria's Animal Shelter Annual Report 2024 ## **Trustees Report** The Trustees are pleased to present their report and the accounts for the year ended 31 December 2024 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 2024, we have assisted in helping 289 animals (2023 – 213 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. The biggest and most challenging incident in the year was when we received a call out to a hoarding case in September 2024. 154 guinea pigs and rabbits were found to be living in very poor conditions. The shelter did not have the capacity to take all of the rescued animals, but 55 guinea pigs and 6 rabbits were taken in, with the remainder being placed in other resue centres around the UK. 2 Maria's Animal Shelter Annual Report 2024 ## **Trustees Report continued:** ## **Activities and Achievements continued:** The strain on the resources of the shelter was profound, with all of the animals requiring medical treatment to one degree or another. We put out a plea to the general public for financial support and they responded generously, donating a little over £18,000 within 2 months of the rescue. We could not have managed without this support and are extremely grateful to those who could help at this very difficult time. We were successful in rehoming 238 (2023 -184) animals during the year and continued to raise income for the charity via the boarding service we offer, although this was negatively impacted by the hoarding case due to space. ## **Financial Review** The financial results of the charity for the year are set out on page 6. 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 2024 were £172,538 (2023: £132,060) - 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 £5.5k (2023: £5.8k) for the year, after charging £5.5k depreciation. Of our £40k restricted reserves, £40k will be drawn down in depreciation of assets over the next few years, there is no cash held pending completion of funded projects. We are pleased to be able to report a significant upturn in net income in 2024. A combination of increased income, and a more concentrated control of costs, resulted in a surplus of £34,962 in 2024 vs a loss of £15,574 which we sadly suffered in 2023. The social media plea for the hoarding case brought in much needed income during this time, and the media coverage enabled us to reach new supporters. In addition to this, we also received a very generous legacy donation of £14,829, which gave us a boost towards the end of 2024. We are enormously grateful to all those who continue to support us. 3 Maria's Animal Shelter Annual Report 2024 ## **Trustees Report continued:** ## **Future Plans** Our charity relies solely on the generosity of the General Public, and despite the improved financial position at 31 December 2024, the continued volatility in the economic climate means that we have decided to continue with the postponepment of any significant projects in 2025. Our focus will be to contain costs as much as possible and continually 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 20/09/2025 Date………………… 4 Maria's Animal Shelter Annual Report 2024 ## **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 2024. ## **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:20/09/2025 5 ## Maria's Animal Shelter Annual Report 2024 ## **Statement of Financial Activity** |||Unrestricted|Restricted|Total Funds|Prior Period| |---|---|---|---|---|---| |||Funds|Funds|2024|Funds 2023| ||Note|£|£|£|£| |**Income and Endowments from**|||||| |Donations, Legacies & Grants|2|84,084|19,076|103,160|70,354| |Charitable Activities|3|16,245|0|16,245|12,895| |**Total**||100,329|19,076|119,405|83,249| |**Resources Expended**|||||| |**Expenditure on:**|||||| |Raising funds|4|2,214|0|2,214|1,975| |Charitable Activities|5/6|57,637|24,592|82,229|96,848| |**Total**||59,851|24,592|84,443|98,823| |**Net income/(expenditure)**
**before transfers**||40,478|(5,516)|34,962|(15,574)| |Transfers between funds||0|0|0|0| |Total funds brought forward||132,060|45,467|177,527|193,101| |**Total funds carried forward**||**172,538**|**39,951**|**212,489**|**177,527**| 6 ## Maria's Animal Shelter Annual Report 2024 ## **Statement of Financial Activity** To 31st December 2023 |||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**||132,060|45,467|177,527|193,101| 7 Maria's Animal Shelter Annual Report 2024 ## **Balance Sheet** |**Balance Sheet**|||| |---|---|---|---| ||Note|Total Funds
2024|Prior Period Funds
2023| |||£|£| |**Fixed Assets:**|||| |Tangible Assets|10|94,463|104,040| |**Total Fixed Assets**||94,463|104,040| |**Current Assets:**|||| |Debtors & prepayments|11|3,861|1,156| |Cash at bank & in hand||114,529|77,379| |**Total current assets**||118,390|78,535| |**Liabilities:**|||| |Creditors: amounts falling due
within 12 months|12|(364)|(5,048)| |Net current assets||118,026|73,487| |**Total assets less current liabilities**||**212,489**|**177,527**| |**The funds of the charity**|||| |Restricted income funds|16|39,951|45,467| |Unrestricted funds|15|172,538|132,060| |**Total charity funds**||**212,489**|**177,527**| 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 8 Maria's Animal Shelter Annual Report 2024 ## **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 Act 2006. ## **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. 9 Maria's Animal Selter Annual Report 2024 ## **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 10 Maria's Animal Shelter Annual Report 2024 ## **2. Income from Donations & Grants** |Grants
Legacies
Donations
**Total**|Unrestricted
Restricted
2024 Total
2023 Total
£
£
£
£
6,000
13,900
19,900
19,500
14,829
0
14,829
0
63,255
5,176
68,431
50,854| |---|---| ||84,084
19,076
103,160
70,354| ## **3. Income from Charitable Activities** |Adoption donations
Fundraising
Sponsorship
Boarding fees
**Total**|Unrestricted
Restricted
2024 Total
2023 Total
£
£
£
£
3,079
0
3,079 2,128
9,758
0
9,758
6,229
1,731
0
1,731
2,184
1,677
0
1,677
2,354| |---|---| ||16,245
0
16,245
12,895| 11 Maria's Animal Shelter Annual Report 2024 ## **4. Cost of Raising Funds** |**Costs of Raising Funds**
Commissions paid
Fundraising Expenses
**Total**|Unrestricted
Restricted
2024 Total
2023 Total
£
£
£
£
1,990
0
1,990
1,975
224
0
224
0| |---|---| ||2,214
0
2,214
1,975| ## **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
2024 Total
2023 Total
£
£
£
£
1,398
765
2,163
2,117
8,215
12,921
21,136
24,472
258
0
258
221
33,571
5,100
38,671
43,951
527
0
527
191
660
290
950
2,328
828
0
828
1,068
3,261
0
3,261
5,752
911
0
911
2,949
347
0
347
269
116
0
116
266
235
0
235
634
140
0
140
96
1,958
0
1,958
2,047
736
0
736
395
330
0
330
74
85
0
85
0
4,061
5,516
9,577
10,019| |---|---| ||57,637
24,592
82,229
96,848| 12 ## Maria's Animal Shelter Annual Report 2024 ## **6. Analysis of Support and Governance Costs** ||Direct|Support|Governance|2024 Total|2023 Total| |---|---|---|---|---|---| ||£|£|£|£|£| |Commissions Paid|0|0|1,990|1,990|1,975| |Fundraising Expenses|224|0|0|224|0| |Purchases|2,163|0|0|2,163|2,117| |Veterinary Fees|21,136|0|0|21,136|24,472| |Training|0|258|0|258|221| |Wages|12,891|12,890|12,890|38,671|43,951| |Rent & Water|527|0|0|527|191| |Light Heat & Power|950|0|0|950|2,328| |Insurance|828|0|0|828|1,068| |Repairs & Maintenance|3,261|0|0|3,261|5,752| |Business Services|0|911|0|911|2,949| |Telephone & internet|0|347|0|347|269| |Protective Clothing|116|0|0|116|266| |Printing postage & stationery|0|235|0|235|634| |Subscriptions|140|0|0|140|96| |Motor Expenses|1,958|0|0|1,958|2,047| |Advertising|0|0|736|736|395| |Computer costs|0|330|0|330|74| |Sundry|0|85|0|85|0| |Depreciation|9,577|0|0|9,577|10,019| |**Total**|53,771|15,056|15,616|84,443|98,823| 13 Maria's Animal Shelter Annual Report 2024 ## **7. Net outgoing resources for the period** |**et outgoing resources for the period**||| |---|---|---| |utgoing resources is stated after charging|2024 Total|2023 Total| ||£|£| |Depreciation and other amounts off tangible fixed assets|9,577|10,019| Net outgoing resources is stated after charging ## **8. Trustee Remuneration** Maria Mulkeen received an honorium of £12,257 (2023 £12,736) 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**|2024 Total|2023 Total| ||£|£| |Wages and salaries|38,671|43,951| A donation was received in the year of £3,300 to be used specifically for the purposes of paying wages. |**Employee Numbers**|2024 Total|2023 Total| |---|---|---| |Charitable Activities|6|4| No employee received emoluments of more than £60,000 in 2024 or 2023 14 ## Maria's Animal Shelter Annual Report 2024 ## **10. Tangible Fixed Assets** ||Land &
Buildings|Motor
Vehicles|Fixtures,
Fittings &
Equipment|Total| |---|---|---|---|---| ||£|£|£|£| |**Cost**||||| |At 1 January 2024|125,683|20,931|28,385|174,999| |Additions|0|0|0|0| |Disposals|0|0|0|0| |Transfers|0|0|0|0| |At 31 December 2024|125,683|20,931|28,385|174,999| |**Depreciation**||||| |At 1 January 2024|29,137|15,964|25,858|70,959| |Provided in Year|7,284|1,242|1,051|9,577| |On Disposals|0|0|0|0| |At 31 December 2024|36,421|17,206|26,909|80,536| |Net book value at 31 December 2024|89,262|3,725|1,476|94,463| |Net book value at 31 December 2023|96,546|4,967|2,527|104,040| ## **11. Debtors** ||2024|2023| |---|---|---| ||£|£| |Prepayments & Accrued Income|3,861|1,156| |Total|3,861|1,156| 15 ## Maria's Animal Shelter Annual Report 2024 ## **12. Creditors: amounts falling due within one year** |**12. Creditors: amounts falling due within one year**|| |---|---| |Accrued Expenses|2024
2023
£
£
364 5,048| ||364 5,048| ## **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 2024 as represented by:|||| |Tangible Fixed Assets|54,512|39,951|94,463| |Current Assets|118,390|0|118,390| |Current Liabilities and provisions|(364)|0|(364)| |Total|172,538|39,951|212,489| |Prior 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|(5,048)|0|(5,048)| |Total|132,060|45,467|177,527| 16 ## Maria's Animal Shelter Annual Report 2024 ## **15. Analysis of Unrestricted Funds** ||At 1
January
2024|Incoming
Resources|Outgoing
Resources|Transfers|At 31
December
2024| |---|---|---|---|---|---| ||£|£|£|£|£| |Unrestricted Fund|132,060|100,329|(59,851)|0|172,538| |Prior Period|At 1
January
2023|Incoming
Resources|Outgoing
Resources|Transfers|At 31
December
2023| ||£|£|£|£|£| |Unrestricted Fund|141,793|72,249|(81,982)|0|132,060| ## **16. Restricted Funds** |**2024**
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
Animal Friends Pet Insurance - revenue funding
The Marchig Trust - revenue funding
Pets at Home - revenue funding
Donation towards wages
Donation towards vet|At 1
January
2024
Incoming
Resources
Outgoing
Resources
Transfers
At 31
December
2024
£
£
£
£
£
4,967
0
1,242
0
3,725
36,218
0
2,605
0
33,613
282
0
169
0
113
4,000
0
1,500
0
2,500
0
2,000
2,000
0
0
0
8,000
8,000
0
0
0
3,900
3,900
0
0
0
5,100
5,100
0
0
0
76
76
0
0| |---|---| ||45,467
19,076
24,592
0
39,951| Of the £39,951 restricted reserves £ 39,951 is a reserve for future depreciation charges 17 ## Maria's Animal Shelter ## Annual Report 2024 |**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|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 18