Company Llmlted by Guarant80 Registration Number: 08273985 (England and Wales) Charity Comm1551on Reglstratlon Number: 1149884 WADARS Annual Report and Financial Statements For the Year Ended 31 December 2023
WADARS LEGAL AND ADMINISTRATIVE INFORMATION Trustges C Mcmahon (Chairman) A Davis J Silk s stirling K Walder Chief Execut5ve J Toben MIOD MlnstF Dirnctor of Operations T Cadman Prlncipal and regist•red offlce Hangleton Lane Ferring Worthing West Sussex BN12 6PP 01903 247111 ww.wadars.co.uk Company r9glstrat6on numbor 08273985 Chartty reglstratlon numbor 1149884 Audltors TC Group The Coutyard Shoreham Road Upper Beeding steyning West Sussex BN44 3TN Bankers CAF Bank Limited 25 lQngs Hill Avenue Kings Hill West Malling Kent ME19 4JQ Charity Bank Limited Fosse House 182 High Street Tonbridge KentTN9 1BE Sollcltors Sherrards Employment Law Solicitors 4 Alboume Court Henfield Road Albourne West Sussex BN6 9DB
WADARS CONTENTS Page Trustees. Report (Incorporatsng the Directors, Report) statement of Trustees, ResponslbilitSes Independent Audltor's Report 8-10 Statement of Financial Activities 11 Balance Sheet 12 Cash Flow Statement 13 Notes lo the accounts 14-22
WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) The Trustees present their annual report (including the Directors, Report) for the year ended 31 December 2023. The accounts Comply with the requirements of the Companies Act 2006, the Charities Act 2011, the MemorandLtm and Articles of Association and Accounting and Reporting by Charikn'es.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191. structure¥ gov8rnance and managoment The original charity, the Worthing and District Animal Rescue Service, was an unincorwrated charity established under a charitable trust deed on 27 March 1974. In 2012, Wadars was established as a company limited by guarantee lo £1 per member {registralion number 082739851 under its Memorandum of Association, which establishes the objects and powers of the charitable company and is governed under its ArtiGles of A5sociats'on. wada was registea as a charity on 23 November 2012 (number 11498841. The assets, liabilities and undertakings of the Worthing and District Animal Rescue Service, were transferred lo Wadars on 31 March 2013. Following the formal approval of its members, the Worthing and District Animal Rescue Service was closed and merged with Wadars in 2016. The Articles of Association ofwadars have been reviewed to make them fit for purpose following the closure and merger of the unlncorporaled chaTIty. Recrultment and appolntm8nt of trusteas When complete, the Board of Trustees consists of no fewer than five and no more than 9 Trustees. Trustees are appointed for their relevant skills as identified by the BoaTd from time to time. The tem of office for Trustees is three year5 and are eligible lo seNe up to a further two terms. The TNstees who served during the period were.. C Mcmahon IChaiman} A Davis J Silk S Stiding Kwalder Oryanisalional structure The Trustees are responsible for the overall govemance of the Charlty- They meet on a quarterly basis to discuss and make decisions in relation to all aspects of the Charily's management. including financial planning and control. staffing levels, animal care and welfare, homing and policies. The day-to-day operations of the Charity are delegated lo the Chief Executive through a Scheme of Delegation, taking instructions from and reporting directly to the Trustees. Expert legal, fi'nancial and other advice is sought where necessary. Pay pollcy for senlor staff The Charity aims lo recruit and retain talented individuals to lead and further develop a rapidly growing organisation. Pay for senior staff reflects the market for comparable jobs ir¢ comparable organisations, the level of knowledge, skills and èxperience required, the responsibilities and accountabilities associated with each role. the perfomance of the Charity and the individual contribution of each executive. The pay of senior Staff is reviewed annually and is dependent on delivery against individual annual obiects'ves and the Charity's ability lo pay.
WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS. REPORT) Princlpal rfskg and unc8rtaintles The Truslees regulady assess the major risks lo which the Charity is exposed, both operationally and financially, and a fomal risk register was maintained during the year. This includes animal welfare, income generab'on, investments, organisational change, remuneration. health and safety of staff and volunleers, major projects and operational need5. The register continues to be reviewed regulady by the Trustees to ensu appropriate governance and the Charity has a range of controls and prpoedures in place to mitigate these risks and to manage the major risks to which the Charity is exposed. The Charity's response to the Covid 19 crisi5 wa5 well planned and responsive through dynamic risk assessments and business continuity planning however, it dramatically rèstricted the amount we could interactwith our local community. Whilst we can never be sure of factors affecting legacy income, we believe that a greatly reduced presence in the community, may have impacted on our legacy income in 2022 and beyond. Wadars has 8 dependency on high levels of legacy income, and it is always difficult to predict in the shorvmedium term, but we have run scenarios to understand how we would manage income reduction. We are also looking to seek legacy income in a more proactive way which has included subscribing to Smee & Ford notifications $eNi¢es. The economic context is rapidly changing with inflation and interest rale experiencing upward movement month on month,. this combined with surging energy pNcing,' shortages in the supply of materials and labour land associated cost increases) and the potential for further initiatives to claw back venue through taxation have been tracked Closely and factored into fOard planning. The increase in donor support through Ihe last three years is giving us further confidence that our financial plan is robust, but we are not complacent. Our plans and slralegie5 for managing risk include maintaining effective internal controls, risk registers. a considered risk appetite, incident-reporting and monitoring systems and insurance cover where appropriate. It is recognised that 5yslem5 provide asonable but not absolute assurance that major risks have been adequately managed. Objectives, activities and publlc benofit The Charity's objects are the care and protection of animals of all kinds in need of care 2nd attention by reason of sickness, mallrealment, poor circumstances or other similar causes. The Trustees have paid due regard to public benefit guidance issued by the Charity Commission in their approach to the work undertaken by Wadars and to ensure that the Charity's slated aims and objectives a achieved. These activities Centre on the rescue and rehoming of stray and unwanted domestic pets, including dogs, cats, rabbits and guinea pigs, the rescue and rehabilitation of wildlife in peril, the provision of appropriate veterinary treatment for both, the rehoming of pets into suitable home5, and the release of wildlife back into their natural environment. The Charity also undertakes an awareness, education and community engagement programme to promote sponsible pet ownership and the protection of wildlife in its natural environment. Maintaining the finan¢ia5 stability of the Charity continued lo be a priority for the TrLE5tees. This was achieved through our robust financial framework lor the day-to-day management of the Charity. Although Covid reStrtionS were lifted, in 2D22 we continued lo undertake Covid risk assessments across all our activities and very strict cleaning regimes continued. Staff returned lo the Centre in 2022 and we were able to welcome back volunteers. However, due to a change in staff, fundraising dld not recommence until towards the end of 2022 and our comrnunity activity has had lo grow from zero durtng 2023. Anlmal woifare actlvlty Wildlife 2023 was a devastating year in our wildlrfe unit with the outbreak of avian influenza in June, Our Initial concerns were reported to Defra (Department for Environment Food and Rural Affairs) who took immediate action. The following day, Defra confirmed that the test5 were positive ftsr the H5N1 strain of avian influenza, and we were locked down with immediate effect. Avian influenza is a notifiable, zoonotic disease and a$ a
WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) result, 102 birds were culled. The clean-up operation, which had to be carried out to Defra's specification by extemal contractors, took several months to complete, and it wasn't until just before Christmas that we were finally given the all-clear and restricb'ons that had been put in place at the end of June were finally lifted. The outbreak cost Wadars in the region of £25,000, resulted in the closure of our wildlife unit. and had a marked effect on staff. The decision was taken not to restart our onsite wildlife work until we are able to develop the purpose4iuilt unil out in the paddocks To support the metal health and wellbeing of the team, we continued to provide the Bupa 'Healthy Minds, programme, which provides a confidential 1..1 advice line, 24 hours a day and other professional advice. We also brought in a trauma eounsellor in the wake of the flu OUtbak. Up to the closure of the wildlife unil in June we admitted 266 wildlife casualties into our unit. This number included 25 hedgehogs,. 52 pigeons., 24 ducks,. 5 rabbits, as well as numerous garden birds and of course both adult and young herring gulls. Of the total number brought to sile we were able to release 85 casualties before the Unit was closed al the slart of July. Had the unit not been closed, we were on target to exceed the Work of the previous year. In the wake ol bird fiu, our priorities were lo increase homing of dogs, cats and other small mammals such as rabbits, gerbils and hamsters, especially with the support of volunteer foslerers. We also increased our presence in the community with the mobile animal rescue unit, lo provide wildlife seIces, working in conjunction with other wildlife centres, whilst our own is closed. Mobile rescue service Despite the outbreak of avian flu in the Centre, our team of mobile animal rescue officers dealt with 1,254 calls outs to sick and injured wldlife during 2023. In total, 408 gulls were rescued., 437 garden birds; 166 pigeons., 151 foxes and 94 hedgehogs. In autumn we recruited three volunteers lo be trained as rescue officers lo support mobile team, especially during the busiest periods of the year. The volunteers underwent extensive training including manL¢al handling, lone working. and animal handling, and were ready to 'go on the road, in early 2024. Re uesls to take in com anion animals in 2023 As in previous years, requests to take in companion animals {pets) far exceeded our capacity. In 2023 we were asked to take in 348 dogs. 247 cats and 229 other small companion animals. We expect these numbers to continue to grow into 2024. We contsnue lo receive requests to take in companion animals {pe15) that far exceeds our capacity. In 2022, we were asked to take in over 600 cats and dogs of which, we were only able to help around a third We were also asked to taken in around 200 small companion animals and were only able lo help around one in 5. This number is increasing. In January 2023 alone. we received 37 requests lo lake dogs, 23 requests lo take cals and 19 requests to take small animals. Our current structure means that we are unable lo provide full behavioural assessments for dogs that we arè asked lo take in, and the same goes for ongoing work that the dogs might need before they are suitable lo be placed in a new home. When we can construct our own kennels, we will be better placed to help more dogs with pre-existing behavioural issues. Animal ado tion In Common with other animal rescue centres, animal adoption generally in 2023 was still far lower than pre- pandemic, although we did see a 29 /0 increase in dog adoptions {albeit from a low starting pointl. The main reason for low adoption rate$ appears to be due lo the Cost-of-living crisis. people are being far more wary about the cost of owning a pet. Once again, we also had the issue with belng unable lo get dogs into kennels during school holidays as the commercial kennels which we use were full of private boarders. Not only were we very limited on space for dogs for the 13 weeks of school holidays, but the kennels needed to know that the d8 would be gone by the lime that private boarders were due to arrive, which meant that the weeks leading up lo school holidays were also an issue.
WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS. REPORT) Thankfully, cats and small animals on site were not affected by the avian flu although homing was interrupted during the summer whilst Defra carried out their initial investigations. Despite this, cal homing was similar lo the previous year as was srnall animal adoption. We also rehomed 44 healthy hens following bird flu. l of our dogs, cats and rabbits are vel checked. vaccinated, neutered, receive flea and worm treatments and aro microchipped before being rehomed. We also strongly encourage owners tu neuter and microchip other animals in their home. A total of 71 dogs {2022.'55}, 83 cats12022'.82} and 22 other small animals 12022.191 were homed during the year. The Charity continues its policy not to destroy any healthy animal and only does so on the advice of a vet. A total of 5 pets12022.'81 were put to sleep during the year., there were 3 cats and one rabbit and one gerbil, all for medical reasons, Lost& found During 2023 we enabled owners to upload information via our website for lost pets which included the option to upload photos which we could then post lo our Facebook page. Work Placements We continued to offer space to work placement students from Bllnsbury and Plumpton colleges. as well as veterinary students from Surrey University. In totsl we had 10 work placement students over the course of the year, covering a totsl of 925 hours. Whi15t this aspect of our work does involve a fair amount of staff b.me in the training and supervision of the students, this forms part of our work to benefit the local communty and help ID shape the next generation of animal care workers. Members of the animal welfare team also delivered training to animal management students al Plumpton and Brinsbury Colleges to explain about working in the rescue industry. In total they spoke to more than 200 students. Volunteers We had a total of 24 new volunteers start with Wadars in 2023, and although not all of them Stayed the course, a good number of them are still regularly coming in to help. In mid-June we pul out an appea5 for volunteers lo come in and help us over our busiest season. We had an amazing response to the appeal and received over 50 applicalions from people happy lo help in the wildlife unil. Sadly. just as we were affanging training, we suffered the awan influenza outbreak and as a result had to sland them all down. Unfortunalely, due to the restrictions that were placed on us by Defra, we did not have alternab've tasks to offer them although small number have subsequently offered to help in the cattery, small animal unit or general DIY around the Centre. Partnership working We have continued lo benefit from close working relationships wilh other animal rescue ¢harltles Including Batlersea, RSPCA cenlres, Raystede, Dogs Trust and Cats Protection. This has enabled the sharing of best practice and training opportunities. Devèlopment of tho Contrg In May, we opened a Small Animal Unit which has enabled us lo take in and rehome a range of pe15 including rats, gerbils. and hamsters. We also completed our first successful bonding of pairs of rabbits. Work could not start on the wider development of the Cenlre until the local planning authority had approved a detailed surface water drainage system. The original design was not practical a5 It involved discharging surlace water into a 'riparian way, along Hangleton Lane. The betterment work5 required by the planning department made this both ¢ost-prohibitive and impractical. Our civil engineèr subsequently designed an allemalive plan utilising various shallow soakaways, permeable surfaces and a large pond for natural overfiow. Before this design could be submitted to the planners, infiltration testing across multiple locations had to be undertaken across many months to prove the effectiveness of the design. Testing took place IhroughoLrt 2022 and continued into 2023 to conclude the winter infillralion testing. The results proved that the design would be effective and was subsequently submitted to and approved by the planning department in August 2023. This enabled us to 'bak ground, before the expiry of the planning permission granted in 2020.
WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS. REPORT) Futur¢ Plans The detailed planning permission for our future plans at Hanglelon Lane includes intake, homing and isolations units for dogs, a wildlife unit and associated aviaries and pens. additional Gattery units. a training and education centre plu5 basic staff accommodation for overnight care. Whilst the fLJrther development of the animal rescue and rehoming Centre in Hanglelon Lane, Ferring remains a priority for the Trustees, thls must be seen in context of our major downtum in legacy income. The total cost of the entire projecl is estimated as £3.6 million, based upon a phased development of the various units. There are significant civil works lo be undertaken including road access to our paddocks where the wildlife unit will be 511uated and also extensive drainage which must be completed in the first phase as part of the planning approval conditions. The ¢ost of this is considerable and OLAr immediate focus will be orb strengthening our income to support our ongoing work. Due to changes in best practice within catteries, we are now required to have a separate unit for pregnant cats and cats with kittens up to 8 weeks old. This has considerably slowed our intake of cats and therefore. our ability to rehome. In 2024, we shall be opening a maternity unit and a utility room to support the work of the catlery, The Trustees wish to record their thanks to all of the staff for going above and beyond in such difficult circumstances and ensuring that, unlike many charities during the pandemic, Wadars contt'nues lo be a strong and healthy charity. Flnancial Revlew Goneral Overall, the Charity finished the period with a deficit of £305.755 agalnsl a planned deficit of £79,500 {2022: deficit £117,S841 This was due lo legacy income of £181,613 being significantly under target12022." £309.8081. The Trustees have always recognised that legacy income is volatile, historically ranging from £1,000 to over £800,000 in any one year. The Trustees also recognise that in keeping with other animal welfare Charities, inevitably they will be heavily reliant on legacy income for day-to4ay expenditure. However, the pragmatic approach to budgeting legacies over a rolling seven-year average has meant that the Charity has been able lo weather reduction in legacy income Ihls year. This has been the second year in succession where legacies have fallen short of larget, however, four of the previous 5 years, legacy incorne has significantly exceeded budget. The Trustees reviewed this rnethod of budgeting legacies during the year and feel that this remains the most practical way of budgeting this income source and fell able to maintain a legacy budget to £420,000 for 2024. However, development of legacies is now at ¢riti¢al point and the Trustees recognise the need to resource this area. The community continued lo respond to our appeals, especially in relation lo the avian flu clean up and the small animal unil. Overall, donations received increased to £68,99612022.' £55,155). Fundraising in the community and trading improved slightly £33,88412022'. £27,180). After reviewing our rehoming fees in 2023 in line with other rescue centres, InMe increased to £21,31512022.. £15,355). Expenditure increased significantly In 2023 to £642,563 12022.'£552,7701. This was due to a number of factors. National Minimum Wage increased by over 9% which affected our lowest paid workers and the pay ranges immediate above., the clean-up costs from avian flu were in the region of £30,000 and the appointment of fundraising manager. Strong management of costs continued throughout the year and we benefited from changing our utility suppliers part way through the year. The full effect wll be felt in 2024.
WADARS TRUSTEES. REPORT (INCORPORATING THE DIRECTORS, REPORT) Ro8•r¥e8 Polky The Tru8te8s considered their reserves policy during the year and concluded that the Charilys serVeS poIiGy 15 that unreslrickd fuftd5 whh h8ve not been designated for a spe¢rf use, should be maintained at level equivalent to 12 month's expenditure. The Tru$tees consider that reserves at this levgl will ens¥Jre that, in the event of a siqnificanl drop in legaes, they will be able to continue the Charity's current activities whi18 considèration is givgn to ways in which additlonal funds may be raised. Thg total assets ofWadar8 of £2,701.03512022.. £3.006,7901 includgs £1 millv)n which has been d&snated by the Tfustees towards the next stage of the development of Hangleton Lane. The free SelveS (which exdudes the destgnation above and restricted funds) of the Charity are £560,361 (2022: £873,362). This equates to I I mnlh8 planned expenditure. Investment pollcy and porfomian¢e Operational c8shftOW and that required for short temi needs are entrusted lo the Charitls banker5, currenUy CAF Bank. To diversity risk whilst maintaining the most secuTe fom of inve8tmenl, the Trustees deposited £250,000 of reserves with Charity Bank Limited on an instant accoss basis. The Trustee$ cnnsidered this lo be the 8afes1 fomi of investment for operational cash and for the pr&seNation of capital in nominal temis. Ststsm•nt os to dis¢losure of lTrft>miatlon to •uditorn So far as the Trustees are awarg. Ih9re is no relevant audit infomiation {as dèfined by Section 418 of the Comp8nies Act 2006) of which the charitys alltOrS arè unaware, and each Trustee has taken all the steps that they ought to have tsken as a Trustee in order to make themsgtVg5 aware of any relevant audit infomiation and to estsblish that Ihg company's auditors are aware of that information. This report, including the Directtys, Repori was approved by the board of Trustee$ of Wadars qTh eLI¥ and signed on their tehalf by.. C Mcmahon (Chalrnian)
WADARS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees, who are also the directors of WADARS for the purpose of company law, are responsible for preparing the Tru31ees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United lfj'ngdom Generally Accepted Accounting Praclicel. including Financial Reporting Standard 102 'The Financial Reporkn'ng Standard for the UK and Republic of Ireland,. Company law requires the Trustees lo prepare accounts for each financial year which give a true and fair view of the state of affairs ofthe charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and pnnciples in the Charities, SORP,. make judgements and estimates that are reasonable and prudent., and prepare the accounts on the going concern basis unless it is inappropriate to presume thatthe charity will continue in operation. The Trustees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonab18 steps for the prevention and detection of fraud ar)d other irfftgularities.
WADARS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WADARS We have audited the financial statements of WADARS {Ihe'charltable ¢ompany'l for the year ended 31 December 2023 which compromise the Statement of Financial Activities, the 8alance Sheet, the Cashflow Statement and notes to the financial statement5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, including Finanoial Reporting Standard 102 The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a Iwe and fair view ofthe stste oflhe charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended.. have been properly prepared in accordance wtth United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements ofthe Companles Act 2006. Basis of opinlon We conducted our audrt in accordance with International Standards on Auditing (UK) {ISAs {UKII and applicable law. Our responsibilities under those standards are further described in the Audilofs responsibilities for the audit of the financial slalements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audrt of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, and we have fulfilled our elhi¢al responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going ¢on¢ern In auditing the financial statements, we have concluded that the trustee's use of the going concem basis of accounting in the preparation of the financial $latements is appropriate. Based on the work we have performed, we have nol Identified any material uncertainties relating to events OT conditions that, individually or colleclively, may cast doubt on the charitable company's ability to continue as a going concern for a perlod of at least e1ve nTh)nths from when the financial statements are aulhorised for issue. Our responsibiltties and the responsibilities of the truslee's with respect to going concern are described in the relevant sections of this report. Othor Infomiation The other information comprises the information included in the annual report. including the truslee's report, other than the financial slatement5 and our auditor's report thereon. The trustees, are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audtl of the financial statements, our responslbllty Is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misslalement of this other information, we are required to reportthat facl. We have nothing lo report in this regard.
WADARS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WADARS Oplnlon8 on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the wo(k undertaken in the course of the audit- the information given in the trustees, report (incorporaling the directors report) for the flnancial year for which the financial stalernents are prepared is consistent with the financial staternents,. and the directors, report have been prepared in accordance with applicable legal requirements. Matters on whlch we are requlred to roport by 8xcaption In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the strategic report and the directors, report. INe have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion= adequate accounting records have not been kepl, or returns adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement wlth the accounllng records and relums., or certain disclosures of directors. remuneration specified by law are not made., or we have not received all the information and explanations we require., or the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advanlage of the small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategi¢ report. Responslbllltles of truste¢$ As explained more fully in the trustees, rtsponsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalements and for being satisfied that they give a true and fair view, and for such inlernal control as the governors determine is necessary to enable the preparalion of financial statements that are free from materlal misstatement, whether due to fraud orerror. In preparing the financlal ststements. the trustees are responsible for assessing the charitable company's ability lo continue as a going concern, disclosing, as applicable, matter5 related to going concern and using the going concern basis of accounting unless the govemors either intend to liquidate the charitable ompany or lo cease operation5, or have no realistic altemative to do so. Auditorfs responsibilities for the audit of the financlal statements Our objeclive5 are to obtain reasonable assurance atx)ut whether the financial slalements as a whole are free from material misslatemenl, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material misstatement when it exists. Misstatèments can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance th laws and regulations. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Extent to whkh the audft was considered capable of dgtociing irregularities, including fraud The objective5 of our audit, in iespect lo fraud, are_. to identify and assess the risks of material misstatement of the financial 51atemenls due to fraud,. lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate re5ponses', and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud $t5 with both those charged with govemance of the entity and it5 management.
WADARS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WADARS Our approach was as follows.. We identified areas of laws and regulations that could reasonably be expected lo have a material effect on the financial statements from our general sector experience, and through discussion wrth the governors and other management (as required by auditing slarsdards), and discussed with the governors and other management the policies and procedures regarding compliance with laws and regulations Isee below)., We identified the following areas as those most likely to have such an effect.. health and safety., General Data Proleclion Regulation IGDPR),, fraud., bribery and corruption, DBS checks, and employment law. Auditing standards limit the required audit procedures lo identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspondence, if any. The identified actual or suspected non-compliance was not sufficiently significant to our audit to result in our response being Identified as a key audit matter. We considered the legal and regulatory frameworks direcuy applicable to the financial statements reporting framework IFRS 102, the Companies Act 2006 and the Charib'es Act 2011} and the relevant tax compliance regulations in the UK. We considered the nature of the charitsble company's operabons, the control environment and financial perfomance. We Communicated identithed laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We considered the procedures and controls that the charitable cornpany has established to address risks identified, or that otherwise prevent. deter and delect fraud., and how senior management monttors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance wlh such laws and regulations. Where the risk was considered to be higher. we performed audit procedures to address each identified fraud risk. These procedures included.. testing manual joumals,. reviewing the financial statement disclosures and testing to supporting documentation.. performing analytical procedures,. and enquiring of management, and were designed to provide reasonable assuranGe that the finanGial stslements were free from fraud or error. Owing lo the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial slalements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non- compliance with laws and regulations lirregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing slandards woukl identify it. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected to detect non<omplian¢e with all laws and regulations. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable companvs members those matters we are required to state lo them in an auditors, report and for the no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charilable company's members, as a body, for our aLKlit work, or for the opinions we have formed. Mark Cummins FCCA (Senior Statutory Auditor) for and on b¢halfofTC Group Statutory Auditors Office.. Steyning. West Sussex Dated.. io
WADARS STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted Deslgnatod Rostrlctgd funds funds funds Notes Income from: Donations and legacies Charitable activities - grants Other trading activities Investment income 269.924 2,500 33.884 22.407 269.924 10,593 33.884 22,407 380,318 22,756 27,180 4,932 8,093 Totsl Income 328,715 8.093 336,808 435,186 Expenditure on: Raising funds Charitable aclivits'es 35,758 598,712 35,758 606,805 6,383 546.387 8,093 Total expèndlture 634,470 8,093 642,563 552,770 Net in¢omellexp¢nditure) and movoment in funds {305.7551 1305.755) {117.5841 Transfer 18116 Reconclllation of funds". Total funds brought foNiard 2,006,790 1,000,000 3,006.790 3,124,374 Total funds carrled fonvard 17 1,701.035 1,000,000 2.701,035 3,006,790 Th& statement of financial activities dso complies wtri the requiremerts for an income and expendlture account under the Companies Act 2006. All aclivilios a classified as continuing. There are no recognised gains or losses other than those r8POrted on the Statemènt of Financial Aclivilie8. li
WADARS BALANCE SHEET AS A T 31 DECEMBER 2023 2023 Tolal funds 2022 Total funds Flxad a88ats Tangible assets 12 1,140,674 1.133,428 Current •¢ts Debtors Cash at bank and in hand 13 323,252 1.272.7Tr 648,367 1.259,307 1W6,029 1,907,674 Llabilitl98 Creditors: Amounts falling due ythI1 one year 14 (36.6681 {34,3121 Not currnnt aBs8ts 1.660,361 1,873.362 Total net 488ets 2.701,035 3,CMJ6,790 The funds of th8 charfty Restiicted funds Unrnstrict8d funds.. Des5gn8ted funds General fund 15 16 17 1.000,000 1,701.036 1,1XJO,000 2.006,790 2,701,036 3,006.790 2,701.035 3.006,790 These financial statements have been prepared in accotance wlih the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts requlred by the Compantes Act 2006 and are for cir¢>Jlatk?n to the members of the company. The notes on pages 14 to 22 fomi part of these accounts. The accDunts w8re approved by the Board on 311 and sign8d on their behalf by: C M¢M¥h (Chainna Company Registratton No. 08273985 12
WADARS CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes 22 Cash flows from operating a¢tlvttles Cash IIow5 from Investing artlvltle5- Dividends and interest from investsnents 38,785 141,185 22.407 4.932 Purchase of tangible fixed assets 12 {47.722) 165,7301 Net cash (used) I provlded by Investlng actlvltles 125,3151 (60,7981 {Dgcre?se) I Increase In cash and cash equivalonts in the yoar 13,470 80,387 Cash and cash equlvalents at the beglnnlng of tho year 1,259,307 1,178,920 Cash and cash equlvalents at the end of the year 1.272,777 1,259,307 13
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1 Legal status of the charlty Wadars is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found in the legal and administration infomialion page of these financial statements. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. 2 Aeeounting Policies 2.1 Basls of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. ststement of Recommended Practice applicable to charities preparing their a¢¢ounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1 D21 (effe¢live 1 January 20191- (Charities SORP {FRS1021}, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements aff prepared in sterling, which is the functional Currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. Wadars meets the definition of a public benefit entity under FRS102. Assets and liabililles are initially recognised at historical Cost or transaction value unless otherwise staled in the relevant accounting policy notels}. There are no material uncertainties about Wadars ability to continue as a going concem. After making appropriate enquiries, the trustees have a asonable expectation that the charity has adequate resources to continue In operational existence for the loreseeable future. For thls reason they continue lo adopt the going concem basis in preparing the financial statements_ 2.2 Income Income is recognised when the charity has entillernent to the funds. any perfomiance COditIOnS attached to the ilem{sl of income have been met, it 15 probable that the income wll be received and the amount can be measured reliably. Donations, investment income and all other income is accounted for on a receivable basis. For legacies. entitlement is taken as the eartier of the date on which either.. the charity is aware that probate has been granted, the estate ha5 been finalised and notification has been made by the execulor(s) to Wadars that a distribution will be made, or when a distribution is received from the estste. Receipt of a legacy. in whole or in part. is only considered probable when the amount can be measu1 reliably and the charity has been notified of the execulols intention to make a distribution. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or fiJnd8r has specified that the incom8 IS to be expended in a future accounting period. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Any Irrecoverable VAT is charged as a cost against the actNily for whlch the expenditure was incurred. Resources expended Comprise the following.. a. Direct costs of undertaking Wadars, charltable actlvitles. b. An allocation of central sUPPOrt costs. Support Costs include back office costs, finance. personnel, payroll and govemance costs which sUPPOrtthe charity's activities. The allocation of support costs lo charitable activities is On the basis of direct expenditure incurred by each activity. c. Govemance costs (included within support costs) incurred in connection with the adminislration of the charity and compliance with constitutional and statutL)ry requiremernls, 14
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.4 Tanglble fixed assets All assets costing More than £250 and with an expected useful life exceeding one year are Gapitalised. Depreciation is calculaled so as to write off the cost of tangible fixed assets, less their estimated residual values. on a straight line basis over the expected useful economic lives of the asset3 concemed. The principal annual rates used for this purpose are.. + Freehold land and assets under construction are not depreciated. + Freehold buildings 2% and 50h per annum straight line • Fixtures, fittings and equipment 33.33QA per annum reducing balance and straight line • Animal welfare equipment 10°A per annum straight line • Motor vehicles 20% per annurn reducing balance 2.5 Cash at bank and In hand Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short term deposits to maximise the return on monies held at the bank and lo manage cash flow. 2.6 Debtors Trade and other debtors are recognised al the settlement amount due. Prepayments are valued at the amount prepaid. 2.7 Credltors and provlslons Creditor5 and provisions are recognised where the charity has a present obligalion resulting from a past event that will probably result in a transfer of fund5 lo a third party and the amount due to sellle the obligation can be measured or estimated reliably. 2.8 Flnancial instruments The charity has elected to apply the provisions of Se¢lion 11 'Basic Financial Instruments, and Section 12'01her Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Basic financial instruments are recognised at amortised cost. 2.9 Fund accounting Reslricled funds are monies ralsed for, and their use restricted to, a specific purpose, or donations subject to conditions imposed by the donors. Designated funds comprlse monies set aside OL¢1 of unrestricled general funds for specific future purposes or projects. Unrestricted funds represènt those monies which are freely available for application towards achieving any charitable purpose that falls within the charity's charitable objects. Further explanations of the nature and purpose of each fund are included in the notes to the financial statement5. 2.10 Pension contrlbutlons The Charity operates a defined contriblrtion pension scheme. Contributions are charged in the statement of financial a¢Jvities as they become payable in accordance with the rules of th8 Scheme. 2.11 Operatlng leases Rentals applicable to operating leases where substantially all the benefiis and risks of ownership remain with the lessor are charged on a straight-line basis over the lease term. 15
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.12Judgements and key sour¢e$ of estlmatlon uncertalnty In the application of the charity's accounting policies, the Twstees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilitie5 that are not readily apparent from other source5. The estimate5 and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual Tesults may differ from these estimates. The 851imate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the peri¢)l of the revision and future perrods where the revision affects both current and lure periods. Sl9nlflcunt oc¢ountlng estlmates ond Judgements 11 Useful economic lives of tangible assets - The annual depwiation charge for tangible assets is sensitive lo changes in the e5tsmated useful economic lives and residual values of the assets. The useful economic Iwes and residual values are re-assessed annually. They are amended when necessary lo refiecl current estimates, based on technological advancement, future investments, economic ulilisation and the physical condition of the assets. ill Legacy income- By its very nature legacy income is unpredictable and the timescale from notif5cation to receipt can be extensive depending upon the complexity of the estate. Judgement IS Used to establish whether legacy income meets the recognition criteria of enlillernent. probability and measurement within Charities SORP (FRS102}. 3 Donatlons and legacles 2023 2022 Legacies Donations Rehoming fees 181,613 66.996 21,315 269,924 309,808 55,155 15,355 380,318 Other trading activities 2023 2022 Fundraising income Fundraising expenditure {note 61 33,884 12,192} 31,692 27.180 18921 26,288 Investment income 2023 2022 Interest receivable 22,407 4,932 16
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Total expendlture staff other Total 2023 Total 2022 costs Dopreclatlon Costs Cost of ratslng f undg Fundraising expenditure 33,566 2,192 35.758 6,383 Charitabl8 activities- Anlmal Welfare Activities undertaken dIreY Supportcosts 308,926 40,476 86,901 436.303 421,742 45,825 124,677 170,502 124,645 Total 354,751 40,476 211,578 606.805 546,387 Total Resources Expended 388.317 40A76 213,770 642,563 552,770 Included within support cos15 art govemance costs of £14,046 (2022.. £16,125). Analysls of support costs Included In other costs above Support costs: 2023 2022 Advertising Legal and professional fee5 Donations Insurance Office administration Premises and repairs Cleaning Costs Other Governance costs (below) 1,180 8.331 185 4.221 20,853 41,183 23.649 11,029 14,046 124,677 4,524 12,420 467 3,785 16,402 21,934 1,636 18.716 77.884 Govomance Costs: 2023 2022 Trustee meeting costs Audit and accountancy Non-audit fees 903 8,500 4,643 14,046 591 8,250 7,875 16.716 Governance costs includes £8,500 12022.. £8,250) audit f88s and £4,643 {2022.. £7,875) other professional fee5 paid to the auditors. 17
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 8 Comparatlvg Funds- Statement of Finan¢lal A¢tlvltles year 8nded 31 December 2022 2022 Total funds Unrestrlcted D881gnated Restricted fundg funds funds Income: Donations and legacies Charitable activities- grants Other trading activities Investment income 380,318 22.756 27.180 4.932 380,318 22,756 27,180 4,932 Total Income 435,186 435,186 Expenditure: Raising funds Charitable activities 6,383 546,387 6,383 546,387 Tolal expenditure Net incomellexpendlturg} and movement in funds 552,770 552.770 (117,5841 {117,$841 Transfer 20,985 (20,985) Totsl funds brought forward 2.103,389 1,000,000 20,985 2.124.374 Total funds carried forward 2,006,790 1,000.000 3,006,790 Net movement in funds This is staled after charging.. 2023 2022 Staff costs (note 10) Auditors, remuneration statutory audit Non4udil services 388,317 341,620 8.500 4,643 40.476 8,250 7,875 41,434 Depreciation 18
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 10 Staff costs 2023 2022 Staff costs during the year We as follows: Wages and salaries Social Security costs Pension contributions 355,975 22,894 315,355 18,686 7,579 341,620 388,317 Pension Contributions solely relate to a defined contribution scheme. No pension contributions were outstanding at the year*nd12022. £Nil). staff costs by function were as follows.. 2023 2022 Animal welfare and re-homing Administration, fundraising and development 308,926 79,391 388,317 289.524 52,252 341,776 No employees eamed over £60,000 per annum {including taxable benefits bul excluding employer pension contributions}. {2022= £Nill. The average number of employees during the year, analysed by function, was as follows.. 2023 2022 Animal welfare and re-homing Administration. fundraising and development 14 13 17 16 During the year, none of the Trustees received any remuneration in respect of their services as trustees {2022'. £Nill. No out of pocket travel and subsistence expenses were reimbursed to Trustees during the year12022: £Nill. 1 Trustee made a donation of £100 to the charity during the year12022.. £250) The key management personnel of the charity comprise the Chief Executive and Director of Operations. Remunerdtion for key management personnel included above was £120,446 12022= £111,147), which includes employers national insurance and pension Contributions. 11 Taxation The Company is a Regislered Charity (number.. 11498841. All activities ate undertaken lo fulfil the primary objectives of the charity and are therefore exempt under Part 11 of the Corporation Tax Act 2010. 19
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tanglble fixed assets Flxtures. Anlmal Land & Assets under fittlngs & welfar8 Computer Motor bulldlng$ Construcllon equlpmgnt oqulpment Equlpment vghlGIgs Total Cost Cost brought forward Additions 1,170,656 81,333 46,759 21.193 389 24,665 5.379 574 4e.575 1,349.801 47,722 46,575 1,397,523 Totsl cost 1,170,656 128,092 21.582 24,665 5,953 Depreclatlon Depreciation brought forward 170,611 Charge for the year 29,045 Total depreclatlon 199,656 279 20.351 874 8,533 2,467 11,000 835 1,968 15,964 216,373 6.122 40.476 279 21,225 2.603 22.086 256,849 Net book values At 31 December 2023 971,000 127,813 357 13,665 3,350 24A89 1.140.674 At 31 December 2022 1,000,045 81,054 16,132 4,744 30,611 1,133,428 13 Debtors 2023 2022 Accrued income Prepayments Other debtors 307,534 3,800 11,918 323,252 629,458 3,742 15.167 648.367 Accrued Income Comprises legacy Income accounted for under the requirements of the Charities SORP FRS102. 14 Creditors: amounts falllng due wlthln one year 2023 2022 Trade creditors Taxation and social security costs Accruals Other creditors 11,226 7,082 8,500 8,860 35.668 19,232 6,830 8,250 34,312 15 Restrict9d funds At 1 January 2023 At 31 Decembor 2023 Incoming Resources resources expended Transfers Volunteer AROS Animal Friends Insurance 3,093 5.000 8.093 {3,093} {5,000} {8,Q93} 20
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Various grants received to support the Animal Rescue Officers. Animal Friends Insurance was funding to support our Srnall Animal Unit. 16 Designated funds The income funds of Wadars include the following designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes.. At 1 January 2023 At 31 Dgcember 2023 Incoming Resource5 rgsources expended Transfors Animal rescue centre development 1,000,000 1,000,000 The Charity's designated fund continues to be maintained for the future development of the rescue and rehoming Centre in Hangleton Lane and I0 year5. additional running costs whi15t the site is developed and its potential maximised. Detailed planning permission was received in September 2020, which includes intake, homing and isolations units for dogs. a wildlife Lsnit and associated aviaries and pens, additional ¢attery units, a training and education ¢enlre plus basic staff accommodation for ovemight care. The tolal cost of the entire project is estimated as £3.6 million, based upon a phased development of various unils. There are signiticanl civil works to be undertaken including road access to paddocks where the wildlife unit will be situated and also extensive surface water drainage which musl be completed in the fftrst phase, as a condition of the planning approval. Initial works started in the summer of 2023 to secure the planning approval. However, the outbreak of avian influenza and subsequent clean up has meant th* this work will be delayeé until 2024. 17 Analysis of net assets between funds Unrestrlcted general funds Restrlcted Unrestrlctsd funds deslgnat&d funds Total Fund balances al 31 December 2023 are represented by.. Tangible fixed assets Current a$sels Credrfcors= amounts falling due withi one year 1.140,674 596,029 1,140,674 1,596.025 1,000,000 (35,6681 135.6681 1,701,035 1,000,000 2.701,035 Unrestrlcted general fund5 Restrlcted funds Unrestrlcted deslgnated funds Total Fund balances at 31 December 2022 are represented by.. Tangible fixed assets Current assets ¢ditorS.. amounts falling due within one year 1,133.428 907.674 1,133.428 1,907,674 1,000,000 134.3121 (34,3121 2.006,790 1.000,000 3,006,790 21
WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 18 Indemnlty Insurance The charity has insurance lo protect the charity from any loss arising from the neglect or defaults of ils Trustees, employees and agents and to indemntfy the Trustees or other officers against the Consequences of any neglect or default on their part. 19 Pension and other post-retlrement benefrt commitments Deflned tontribution Pension contributions due at the year*nd amounted to £Nil (2022.. £Nil). 2023 2022 Employer contributions payable by the charity for the year 9,448 7,579 20 R¢lat8d party transactions During the year Trustees made donations £100 (2022.. £250). 21 Control No one member has overall control of the charity. 22 Reconciliation of net incom¢l{expendlture) to net cash flow from oporating actlvitles 2023 Net incomellexpendilurel for the reporting period Adjustmgnts for. Depreciation of tangible fixed assets Loss on the sale of fixed assets Dtvidends, interest and rents from investments (Increase)Idecrease in debtors Increase]Idecrea5e> in creditors Net cash loufflow)finflow from op•ratlng actfvitles {305,755) {117,584) 40,476 41,434 467 (4,932) 208,186 13,614 141,185 {22,4071 325,115 1,355 38,785 22