Company RfjglBtrallon Numl)or: D8273985 {England and Wal•sl Gharlty CommlsBlon ReglstratloD Number 1149884 WADARS Annual Report and Financllal Statements For the Year Ended 31 December 2025 WADARS LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs C McM8hon Ichalmian) Mrs J Silk (Wicelhalr) Mrs A Davig Mrs S Slirling Mr K WBlder Mr A Moser (Appointed 2¢Y0112026) Chlef ExgGU Mr S Lane IlnterÉml Principal and reglsterod offie• Hangleton Lane Ferring Worthing West Sussex BN12 6PP 01903 247111 C¢)mp4ny r8glstratlon numbér 08273985 Chorlty reglstrallon number 1149884 Indep•ndent ExamlnoY8 TC Group The Coutyard Shoreham Roa(1 Uppèr Beedlng Steyning Wesl Sussex BN44 3TN Bankern CAF Bank Limlted 25 Kings Hill Avenuè Kings Hill West Malling Kent ME194JQ Charity Bank Llmlted F05se Hou8• 182 High Street Tonbridge KenlTN9 1BE Solicitors laeyman & Co Soli¢ltors 6 Cadbury Close Vthet6tone London N20 9BD WADARS CONTENTS Pagg Trustees, Rèport Ilnwrporallng the DireGlors' R8POrt) Independent Examinerfs Report statement of Finawal Activities Balan￿ Sh8el 10 Notes lo the aCc￿nts WADARS TRUSTEES, REPORT IINCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Roportfrom the Chalr of Trustses 2025 has been a challenging year for the chartly, but tt afso feels like the right morrEnt to refkGt on what we've ovarcome and to look ahead to the opportunities that will strengthen our organisation. As we move foThvard, we eontlnue to celebrate the unique role that Wadars plays in the lives of 80 many people across Worthlng and the surroundlng area. I would Ilke to begln by ￿knOwledgIng the contribution of our fOrn￿r Chi8f Executive. Julie Toben, who 5t8pped down at the end of 2025 after 13 years of d8dicated service. Julie worked tirethsty lo help shape Wadars into the organisalF¢n il Is today, and we wish herevery success In her fulure endeavouffJ. We are now fortunate to have an expeiienced Interim CEO, Steve Lane, who is 9￿dIng us through a peFiod 018lgnlficantchang8. som8 ofwhich wlll be outllned later in this report. We are also pleased to welcAJme Alec Moser to th¢ Board of Trustees. Alec Joined us in January 2026 and brings ovar 20 years of experience as a Registered Vet8rinary Nurse, working across both prlvate practice and charity velerlrbary hospitals. HIS expertise will be invaluab￿ as we continue to evolve. I would also like lo express my sincere thanks to my lellow trustees for thelr continued commitment and hard work throughout the past year. Our dedicated staff remin at the heart of the charity. Thelr compassion and professlonalism shine thiough in every aspe¢t of the care they provide, and their commitment ensures that the administratlve responsibilitles of Ihe charity continue to meet the growin9 legislative requirements we must now follow. The Board Jf Trustees deeply appredates their hard work and unwaverfng dedicaiion. we extend our sinGere thanks to every member of the team. In early 2026, the Trustees agreed to relo¢ate the charity from its ¢urftnt site at Hangleton Lane. Ferrlng. The maln contrlbutlng factor b&hind thls d8Ctsion is the rising CDSt of maintainin9 the 8￿sting 15-8Gre slle. We must also ocknvwledge that we are not in a financial position to fund the slgnificanl improvements requlred to develop Ihe sste in line wRh the planniry permlsslon already granted. Our aim is to move to a smaller, more manag88ble srte bettèr 8ulled to our e￿slIng seNice whlle also allowing for growth. This will ènabte the charity to continue meeting Its objectives while moving toward long-lemi sustaknability. We will keep everyon& regularly updated through our new monthly e-newsletter, the first edition of which was rele8sed in May this yèar. The future 16 bright, and we move forward with clarity of purpose. Chrfstlo Mcmahon Wadarn Chairman WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 3q DECEMBER 2025 The Trustees present thew annual report Ilndudlng Ihe Dlrectors. Report) for th8 year ended 31 Decèmber 2025. The accoun18 comply with tha rèqulrements of the Companies Act 21)06, the Charfttes Ad 2011. the mamo￿ndUm and Artlcl8s of Assodallon and Accounting and Reporting by Chaiities. Statement of Recommènded PraGliGe appli¢able to charities preparing their aCC￿nIS in accordan¢e wlth the Financlal Reporting Standard appllcable In the UK and Republic of Irelarrd (FRS 102) (effective 1 January 2019). STrUCTURE, GOVERNANCE AND ￿NAGEMENT structure The original chality. the Worthing and Distrfct Anlmal Rescue Servlce, was an unincorporated d)arity established under 2 Charftah￿ tTUSt deed on 27 March 1974. In 2012. Wadars wa8 established 8$ a ¢ompany limited by guarantee to £1 per member {reglstrallon number 082739851 under Its Memorandum of Association. whl¢h establishes the objects and powors of the charitable ¢ompany and is govem&d under its Articles ol A5SDciation. Wadars W88 reglstered ay a charlty on 23 November 2012 (numl)er 1149884). Th8 Bssets, Ilabllllies and undertaklngs of the Worthing and Distrlct Anlmal Rescue ServicR, were transferred lo Wadars on 31 March 2013. Following the formal approval of its rnembers. the Worthing arKI District Animal Rescue Service was closed and m8rg8d with Wadars in 2016. The Article5 of Association of W8dars have been reviewed lo make them fil ftsr purpose followlng the closure and merger of the unlncorporated ¢harfty. Govornance The Trustees are 8180 the Directors of the Compat)y for tha purpose of company law. The Charity is a charitable wmpany limitetl by guarantee and without share caprtal. In the 9v¢nl of the Company being wound up tha liability of each membar is limlted lo £10. Vvhen ryynplete. th8 Board of Tru¥tee8 consists of no f¢w¢r than five and no more than nine Trustees. Trustee5 are appolnted for thelr relevant skills a5 idenlrfied by the Board from limè to lime. The term of offi¢e for Trustees is three years and are eligible lo serve up to a fijrther terms. The Trustees Are responsible for the overall govemance ofthe Charlty. They meet on a quarterfy basls to discuss and make decisions In relation to all as￿Ct$ of the Charlty's management, ir)dudlng finan¢lal plannlng and control. stafflng 18vels, animal care and welfare. homing and poli¢les. The day-icpday operatlons of the Charty are delegated to th9 Chief Executive through a Scheme af Dele9allon, taking instructions from and reportlng directty to the Trustees. Expert legal, IEnancial and other advi￿ Is Sought where necessary. The Trust8&s r¢gJJlarty a&aess Ihe major rlsks to whtch th8 charity is exposad, both operationally and fin8nclally, and a formal rlsk regtster ha$ been maintained throughout the year. This register covers a wlde range of areas, including animal welfare, income generation, inve81mants, organisallonal change, remuneration. heatth and safety for staff and volunteers, major projects. and operatlonal requlrements. The Trustees conlinue to review the register on a regular bas1$ to ensure robust governance. The ¢harty has a Gomprehensive sel of ¢ontrols and procedures in pla¢e to mitlgate these risks and to manage the most significant challenges we face. WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Rlsk Management The Trustees acknowledge their responsibillty lo ¢unshder the risks faced by the charity and to ensure that appropriate controls are in place lo Identify. assess, and rnillgate th08e rlsks. Through the risk-mana9emenl processes aslablished by tho charity. the Tru51ees are satisfied that the major risks have béen fidentlfled and addressed where necessary. Systems and procedures are in place to piovK48 reasonable asSUrar￿0 that these risks are balng effecdvety monitored and managed. The Twstees have identified kay Areas of risk, which include.. Rising energy costs Rising building and land maintenanG8 wsts Rising Veterinary costs Competition for fundraising inc¢yne Decrease in legacy income Reputslion81 Risk Uanag8m•nt The Charlty aims lo re¢rult and retain talented indrvlduals lo ￿ad and further develop the organisation. Pay for Staff reftects the market for comparable job5 ill (x)mparable OT9anisalions, the level Df knowledge, skllls and 0xperIen￿ required. the responsibilities and ac¢ounlabllltles assocrdted with each role, the performance of the charlty and the Individual contribulM)n of each executive. Pay of senior staff Is reviewed annualty and is dependent on delivery against irKlividual annual objectOve8 and the Charitsvs finandal status. CHARITA8LE ACTwmEs Moblle reg In 2025, 1,413 wlldlrfe rescues were o)mpleted during the 12-monlh pedod - an increase of 133 on the pwk)us year. That number incJud8d- 161 foxes 494 Herrlng Gulls 16 swans 10 birds of prey 437 pigeons 55 hedgehogs umberofre uests to ta in and reh Dogs- 240 requests152 reh¢)med Cat$- 256 requests l 106 rèhomed Rabblts. guinea pigs and other small 9nlmals- 138 roquests I rehc*ned 26 an ni ns for Ca Owr￿r ill Health I death Moving Home Pel does not get on wlth other anlmls at home reaso Behavioural Ghange in circumstanc68 pmer itl health I death Throughout 2025 we have continued lo nK)nitor Ihè number of intske requests as well As the reasons for the rehoming. Need dramatically oulstrlpped what we were able to prcvide wlh requ8sts from the publlc tolalllng almost 650 companlon anlma18 In need of rehomlng. WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Animal adoption All Df Dur dogs, cats and rabbits are vet check&d. vxolnal8d. noutsied, reoèniè fle8 and womi treatments and are microchlpp8d before being iehomed. IAÈ also strongly encourage owners lo neuter and mKrwhip and other animals In thelr horne. The Charty continues its policy not to destroy any healthy animal and cfily do￿ so on the advice of a vet. Averagglgllyth of slay for anlmals rnhOM￿ In 2025 Thè amunt of time that 8n animal 51ays In the care of Wadars can vary for a number of reasons including the animal's age, behavioural issues, veterinary needs orwlth cais, because It is a queen and kittens. The figures below show an average for each category and that Is split fLtrth&r for cats. Dog8- 38 day5 Cats- adult cats- 56 dBys Queens and knttens- 77 days Small animal¥ Iln¢ rablx'ls. guinea pigs, ger1￿1$, hamstsrs, rals>- 206 days Neuterlng of anlmal$ In ¢)ur¢are durfllg 2025 Wadars neutered a total ot 19 d&Js, 68 cats (44 of which were kitten8} and four rRbbit8 in 2025. AII other adult animals either Game lo us already neutered or could not be done for medical reasons. the kitten$, due to their gge they would have been neutsred aft8r l&aving our care. bui we do follow those up lo ensure that they have been done. Educatlon In a(Idilion to our hands on woth with animals, we offer tslks lo Ir￿al community groups, worf(shops for volunteers interested in flndlng out more about pet care. and wort plooemenls for students entering Ihe anim&1 wglfafe industry. In 2026we are planning lo develop this fvrthor by delivering a nun*erof animal care talks for the publlc at Ferring County Centre. In 2025.. We provided just under 500 work placement hours for students studying anNnal management at local land-based ¢o118ges A total of 18 talks were delivered to èxtemal audiences in 2025, with 552 peop￿ In attendance. Community groups In¢luded Rusllngton W, East Preston Brownies and the Salvailon Am A workshop was delivered for volunteer8 interested in learning more about eat welfare Regular p)sts ￿ social media whKh focus on one agpecl of animal care or an(theT Corporate voluntegrs SIX CoMpan￿S carried out voluntewing days Cft our slle during 2025. Those companies were Avlva, Groundsure, the Deparlment of Work and PensirJns, Southem Water, Purina lNes1￿. and Cabot Financlal. To ty and avoid adverse weather conditions. corporate volunteerfng days generally lake pLgce between March and OCto￿r and tssks include weeding. paintlng frntxs and shads, wa8hlng Ihe anlmal ambulan¢es and general tidying of the yard. Partneyshlp woyklng Vvadars is a member ol the local 8nlmal le￿￿e n&tworking group. Th8 group con818ts of eight rescues inGluding two RSPCA Mount Noddy, RSPCA Brtghton, Raystede, Cal & Rabbit Resoue, Cats ProteGtlon, Worthing Cat Welfare. and Dogs Trust. The group m8ets quarterty to share best practice and Is a forum to di$¢u8s any issuè$ that a particular rescue may b8 expertenclng so that others can b& supportive and hopefully suggest solutions. Outside of the meeting the group membars ¢ften collaborate on projects or help each other with the homlng of certain animals. 11 is possible that during 2026 the group will becom8 part of a UK￿ld8 network of ADCH (As$o¢iatlon of Dogs & Cats Horn￿) regional groups. regularty distrt5Ute posters of anlmals needlng homes to a group of 20 bcal veterinary wrg8ries who then display then for th8ir clients to stte. WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Calb taken by our Helpllne staff and volunteers Aside from on Public Holidays th& Wadars office 18 open 88v8n days a week takirg rAlls from mambers of tha public on a wide range of toplcs. Th¢ total number of calls tak•n by staff and volunteers in 2025 was 5,503, wlth 44% of those relaJng lo sick and Injured wildlife. A breakdown of all ¢alls was as fellows- 2.447 people called regardlng sick or injured wiklllfe 657 olating to the intake of pet5 for rehoming 662 relating from peopl6 wanting to adopt an anlmal 310 people wanted lo donate beddinglfood, etc 240 people called about a pet that h￿1 gone mi8slng or an animal they had lound 68 people Galled enquiring about fundraising 75 people called regardlng volunteering opportunities 1.044 people called about'otherf miscellaneous sublects Volunteerlng We Cu￿enlY have Just over 80 volunteers supp)rting the Charity around 30 of those beiNJ anlmal welfare volunteers. The onge of volunteering tssk8 that people ¢arry out for us Include: Cleaning In the callgry Cat socialising Cleaning oul of small anlmals Wildlife rescue volunteer Wildlife casualty driver (ie taking Casualti￿ frDm IC￿al vets to rehebllilatSon centres) GardeninglDIY Fundraising GNing falk8 Dog fo$terer Cal fosterer Small animal fosterer Helplineloffice tasks Work placemènt 8tudants We ¢ontinued to offer work pla¢emenls to sludents from co118ges and unlversities. The Animal Welfare Team have 8180 been out to Ihe colleges to present pracfical education81 talks lo cLgsses of studénts to attend career days. In tota WÈ hav& Intsra¢ted wilh around 250 students. Flnanclal R9vlew The Charity ended the period with a defioil of £336,160, reprosenting a 33% defioit increase GON￿ared lo the pr8ViOU5 ye8r P024'. defklt of £251,956). SineA9 Ihe ck)se of the 2025 financi81 year. th&￿ have been signrfit￿nI changes Y￿thin the senior manag8m8nt team. Thls in¢lude3 the dgparture of the lon9-sianding Chlef Executive oN￿r and the sad loss of the Diraclor of Operallons. An Interlm CEO has sinc8 been appointed and tasked wlth undertBking a c￿MPrehenSive review of expenditure, alongsid8 strenglheniny and expanding the fundraising funclon to ensure that all potsnllal Incotne streams a￿ fulty maximised. The Trustee5 recognise that Inv8stmtrnt In a dedicated fundralslng team and a robust, long-term 5tral8gy is essential b addresslng the ongoing gap beNveen Income 8nd 8xpenditure. Legacy Income, which has hlstori¢ally been the Charity's primary fundrng source. can no longer be relied upon al previous levels. As a r&SU￿ there Is a stratagic shift towards building sustainable relalionsNps wilh trusls and foundations, as well as devebping co￿Orate patherships. In addltion, the proposed relocatlon toa smaller. moracostoffe¢llve sile at Palchln9 presents avaluable opportunity to reslruclurtt Ihe Charitys rA)s1 base and redure onwSng eX[￿ndItUre ¢ommibnents. WADARS TRUSTEES, REPORT (INCORPORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 202S Raserves Pollcy The Trustees revlewed the Charfty's reserves poliGy dLFring the year and Goncluded that unie5tri¢t8d lunds. wh￿h have not been deslgnated for a spe¢lfic purpose, should be maintained al a level equivalent to 12 months. expenditure. The Trustees consKJer that malntalning reserves at thls lev81 provide5 fina￿CIal stability and ensures Iha( in the event of a signikanl ￿ductiOn in legacy income, the Charity can continu$ Ils current actIv￿es. This approach 8IIow5 sufflclent Ume for the Trustee8 and rnanagement to conslder and implemenl strategies to secure additional funding and maintsln long4emi sustainability. Al the year ené, the Charfty's total funds 3lood at £2,112.919 (2024: £2.449,0791. In Itghl ol the proposed move to 8 new slte, th? Trustees have d&d&stgnated the £1 mllllon pr8vrously sel 88lde for tha next slage ofdwelopment ofthe Centre at H8ngleton Lane. FT&e r6seNes, deffined as unrestrknled funds r￿ed assets. excludlng de5pnaled an¢J restricted fvnds, naw stand al £1.052,757 P024.' £296,198). This equates lo more than 12 monlhs of planned oxpendlture and therefore 9xceeds the18vel set out in the Charlty's reserves policy. Investmènt pollcy and pgrfomiance Op8ratlonal cashlow and that required for short term needs are entrusted to the Charily's banker8, currenuy CAF Bank. To diversfy risk whllsl malntaining the most secure form of investment, Ihe Trustees have deposited £250,000 of reserves with Charity Bank Limited on an instant athss basis. The Trustees consldered thls to b8 the safest fomi of investment for opwational cash and forth8 presèrvation of capital in nomlnal terms. WADARS TRUSTEES, REPORT IINCORFIORATING THE DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025 Statgmgnt of trustees, responslbllltles The trustees, who we also the directors of WADARS for the purposo of company Faw, are responsibla for preparing the Trustees. Report and the accounts in accordance wlth applkablè law and United Klngdom Accounting Standards {Uniled ￿ngdOrn Generalty Accepted Accountsng Practice). including Financial R¢porting Stsndard 102 'The Finan¢181 Reporting Standard for the UK and Republic of Ireland.. Company law requires Iha TNstaos lo prepare accounts for eath financial year which ghe a tfue and fair view of the stale of affairs of the ¢hBrily and ol the incoming resources and applicatiL￿ of resources. induding the inGome 8nd expenditure, ofthe charikble ¢ompany for that year. In preparing these 8c£ounts, the Tnjstses are required to.. seleol suitable acxlies. I have completed my examination, I confirm that no m8tbrs have ¢ome lo my attention in connection wlth the examination 9iving me catjse to belleve that in any malerlal iespectr. accounting records were not kept in r85peGt ol the company 88 requir￿] by SBCtion 386 of the 2C*)S Act: or 2. Ihe accc*unts do not accord wilh those reco￿8. or 3. the aecounts do not compty with the accounting requirements of section 398 of the 20C6 Act other than any requlrement that the accounts giv8 a'true and fair view, whioh is not a matter GOn$￿er8d a8 PErt of an Independenl exaninalion- or 4. tha 8ccA)unts hava nc>l begn prapared In aocordance wifh lh8 ￿thOdS and princiFlès ol the staterryenl of Recommended Pracllce for accounting and re￿rtIng by charitks lapplicable to tharilies preparing their accounts in a¢¢ordance with the Finan¢lal Reporting Standaid applieable in the UK and Republic of Ireland (FRS 10211. I have no Concerns 8nd havo across Th) other matters In wnnectlon with the examination to which attention should b8 drawn in th15 rew)rt in order to 8n8ble a propgr understanding of the accounts to be reached. Mr Mark Cummins FCCA, FCIE for and on behalf of TC Group statutory Audttors Office.. Sleyning, West Sus88x Dated.. 26 WADARS STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 2025 Total funds 2024 Total funds Unrestricted Do$lgnatad Restrl¢t4d funds funds fvnds Notes Income from: Donatlon8 and leg¥Jes Charitabte 8Gtivilies- grants OlhBr trading aclniilies Investment incom8 313,833 11,000 33,006 18,251 313,833 11.000 33,006 18,251 278.377 30,300 30.315 28.627 Total In¢om• 376,090 376,090 365,619 Expendlture on: Raising funds Charttsble aotiwtias 53,351 858250 53,351 658,899 36,894 580,681 Total expendlturé 711,601 649 712,250 617,575 Not incomell8xpendlturel (335,611 336,160 <649) 1251,956) Transfer b8aweeTr fund8 16 1,000,000 (1.000,orJo Nrt movoment In funds 66W9 1,000,000) 649 {336,160) (251.956 ReMnelllallon of funds: Total funds brought for¥vard 1.448,430 1,000,000 849 2N49,079 2,701,035 Total funds rArried forward 17 2,112,919 2,112,919 2,449.079 The Statement offinamal artiviti&s al80 ¢omplleswlth the requlremerbtsloran Incorne and exp&n(ItuTr acccwnl under the Companles Act 2006. All ¥ctivltlg5 8ra cJas8ified as ¢onJnu1ng. There arè rk) r8eAignls8é g8inB or1088e3 other than those reported on thè S19t8menl of F￿anCIal ACtI￿￿•s. WADARS BALANCE SHEET AS A T31 DECEMBER 2025 2024 Total funds Total funds Notss Flxod a￿ets Tangible assets 12 1,060.162 1.152232 Current assots DeblofS 13 363,897 316.529 Cash at bank and In hand 705,217 1,069,114 1,CQ5,439 1,Y20,968 Liabllitle$ Creditors.. Amounts falling due thin one y&ar 14 16,357} 24,121 Net ¢urrnnt assets 1,052,757 1,2*,847 Total net assots 2,112,919 2.449,079 Thè fvnds of the chaiity Restricted funds Uni8sliy¢tsd funds Designated fvnds General fvnd 649 15 16 17 1,C#JO,000 2 1q2,919 2,112,919 2,448,430 2,112,919 2,449,079 These Ilngnclal stst8m2nts have been prepared in aLxordance with the sp￿la1 ￿￿0VIsIOnS of Part 15 of the CDmpanies Act r6latsng lo small Companles and constitute the annu81 accounts requlred by tho Companleg AGI 2CvJ6 and are for elrculalion to the membars of the company. For year ending 31 December 2025 the CoMp￿Y was entitled to exemptlon from audlt under section 477 of the Companies Act 2006 relating lo sm811 companies. The members have not requlred the Company lo obtain an audit in a￿OrdanCe with section 476 of the Companies Act 2006. The directors acknowledge thelr responsibility fcsr complying with the requirem8nls of th8 Actwith réspe¢l to 8￿untsng racords and for the preparation of accounts. The notes on pages 11 to 19 fomi part oflhes8 accounts. The 8G¢O￿t5 were approved by th8 Board on n Idt< and signed on th￿r behalf by.. C Pdlcmahon IChalrnHnl Company RegistraJon No. 08273985 Charlty Registrauon No. 11498&4 io WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 1 Ltyal 81atu$ oflh8 ¢harity Wadars is a ¢harilable ￿mpanY, limited by guawtee, reglstered in England and Wale5. The chartlable company's registered number and registered offtr address can be found in the legal and administralitin IformalK)n pago ot these financial statements. In the event of the charity boing wound up. the liablllty In r88pect of the gU8rantse is Ilnwted kn £1 per member of the charity. 2 Accountlng Poli¢le8 2.1 Basis of acttountlng The financial statements have been Prepared in xcordancé wth Accounting and Reporting by Charities.. Statsment of Recommended Practice appli¢able to charllles pwarlng their awounis In accordance with the Financlal Rep)rtlng Standard applic8bk In the UK and Republic of Ireland (FRS 1021 leffeclive 1 January 20191- (Charities SORP IFRS102}>, the Financial RepoTlng StarKlard appllcabb in the UK and R8publiB of Ireland IFRS 1021 and the Ci>mpanles A¢t 2006. The flnanci81 statements are prepared in stedino. whlch Is the functlonal currgncy of the company. Monetsry amounts In these finanoial statements are rounded lo Ihe nearest £. Wadars me815 the definiiion of a publk benefft endty under FRS102. A$88ts and 118b11￿e$ are inltialty recognIs￿ 8t histori￿1 cost Orlransacllon value unless otherwise stated in the relevanl accounting poliGy nolelsl. There ar¢ no material uncertaintles aboutwadars abilty b ¢ontlnue as a golng concem. AfteT making appnpriale enqulrtes, the trustees have a reosonable expectation that the charity bas adequate resoUr￿S to Gontlnue In c4)eralional existence for the forewable future. For Ihls re&sC￿. they continue b adopt the going concern basis In preparing the finanaal statements. 2.2 Income Income Is recognised when the ¢hartty has fjntSUement lo the funds. any perfornTrnce Condi￿On5 attaGh to the itemlsl of Income have bgon n￿1, it Is probable that th8 Income wlll te receNed, and the armunl can be measured reIrab￿. Donallons, Investment inc￿m￿ and all other I￿ome ￿ accounted for on a recaNable ba$ls. For legacies. entlugment is taken as the eadler of the dat& on which ¢lther. the charlty aware that probate h95 been granted, the estate has begn ffinalised and notiflcalion ha5 been nTrde by th6 executorls) to W8dars thgt a distrlbution wlll be made, or when a dislributioh Is received from thè eslate. Receipt of 8 legaoy, In whole or in part, Is only consldered probable when the amount Gan be measuied rèliabty. and the charity has been notifled of the execulof s intention to make a dislributton. InGome is deferred only when the charlly has lo fulfil condlth)ns b&fore becoming enlllled to it or W￿r& Ihe donor or funder has specifi8d that the irheA)me ts to be expended in a futu￿ accounllng perigd. li WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DEGEMBER 2025 2. Accounting policies (eontinuedl 13 Expendlture Expenditure is recognised once there Is a l¢g81 or constructive obligation to make a payrnent lo a third party, il is probable that setlemenl will b8 required, and the amount of the obfigatton Lxn be measured reliably. Any irrecoverablo VAT is charged as a ¢08t against th8 aGtiviiy for which ihe expenditure was ntsurred. Resources expended C￿prt$e the following.. a. Direct costs ol undertaking Wadars, charitd>le aclivitks. b. An allocat￿￿ of¢entral support costs. Supportcosts include back offi¢e ¢osts. finance, personnel. payroll and govemance Gostswhich supportlhecharity's aCttvlt￿s. The allocation of supporlcosts to charitsble aGtivlties Is on the basi5 of direct expendrture Incurred by each aclNty. c. Governance costs (included wlthin support costs) incurred in connection wilh the administration of the chaiiy and ¢X)mplian¢e wllh conslrtLrtKinal and statutory requirements. 2A Tanglble ffixtrd a88ets All assets ccsting More Ihan £1,000 and wtth an expected useftjl lffe exceeding one year are capltslssed. Depreciation Is calculaied $0 88 lo wri18 off the cost of Lingible fixed assets. bss their estimated rasldual values. an a straight line basis over the expectsd useful economic lives of the assets concerned. The principal annual ratss used for this purpose are". • Freehold land and &8sets under Gonstruction are not depreciated. • Freehold buildings 2% and 5% per annum straight lille Flxlures, fitsings and equlpment 20% per annum glralghl Iln8 • Animal welfare equlpment 25% per annum straight lina • Cornpuler equipment 33.33% per 2nnum straight line • Motor vehicles 20% Ferannum ¥bxight line 2.5 Cash at bank and In hand ash at bank and in hand includes cash and Short tem hrghly liquid Investm￿ts. The trustees seek to use short lemi deposits lo maxlmise Ihe retum on m()ni8s held al the bank and to ffAnage cash Ilow. 2.6 Debtors Trade and other d8btors are recognised at the seldemenl amount due. Prepaymènts are valued al the amount prep8id. 2.7 Credltors and pmvtslons CredI￿r$ and provision5 are recoJnl8ed where the charity h85 a present obligation resulling from a past event that will probably re8uIt in a Iran8f8r of fvn¢Js to a third party and the amount due to s8tU8 the obligation oan be rnsasur￿ ¢r estimated reliably. 2.8 Flnanclal Instrumènts The charity has elec￿ lo apply the provisio￿8 of Section 11 '8a5ic Firtan¢ial Instrurnenls. and Section 12'0ther Financial Inslrurnents Issues. of FRS 102 to all of its flnanGial instruments. Fina￿]21 Instrurnents reccgnlsed in the charity's balan￿ sheetwhen the charity becomes party to the contractual provi$KJn$ of the instrument. Ba$1¢ financial instruments ar¢ recognised al arnortised cosL 12 WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 2. Accountlng polick8 i¢ontinuod) 2S Fund accountlng Reslrfcted furKls are monies raised for, and thelr use rèslrfcted to, a speciffc pu￿Ose, ordonatlons sublecl to conditions impos&d by the don￿5. Designated funds compri8e monles set aside outof unrestrlcted general funds for sreciftc future purposes or propcts. Unrestrfcted fund8 represent those nKJnies whi¢h are freely avai18t48 for appficatbn iowards achieviro any chafilablo wrpose tho1 fall$ wllhln th8 chartty's ¢hartlable objects. Further 8xplanations of the natur8 and purpose of ea¢h fvnd are Included In the notes to the finar￿181 statements. 2.10 Penslon contrfbutlon8 The Charity cp8ratss a éefinad conbibution ￿nsIOn $¢heme. Contributions are charged In the statement of finanolal 8cfNths as they become payable in accordance wlth ihe rules of the 8chèm&. 2.ql Op814ting leases Rentals applKable to operatFng leases where substantlalw all the benefits risks of ownership remain wlth the les$orare Charged on a straight-line basis over the lease term. 2.12Judgèments and key sources of •stlmaUon uncertalnty In the applicatbn of the charity's accounting policies, the Trustees are required to mak8 judgements, stimat&s and gssumptlons about the carying amountof858eis and ILqbilth'e$thatare not readilyapparent frc*n other sour¢os. The estimates and associated assumpttons are bas￿ on historical ewlence and olh¥r tdCtor5 that are considered lo be (elevant Actual results may differ from fhose e$limates. Th8 è8llwole5 and undertying assumptions are rgvlewed on an ongoing basis. Revlsions to accounting estimates are recognlsed in the period in which the estimate is rewsed wh9ro the Tevision affe¢ts only that perlod, or in the Feriod of the reViS￿n and futur& pariods wh6re th& revlskin affects ￿th cuffgnl and future p8rlods. &'gnUicantattountlng estlmates Ofidjudgen￿￿ts 11 Useful ￿OnoMiC INe$ of tsngible assets - The annual dapracialKJn charge for tangibl& assets is $en$itsve iD changes in the esllmaled useful ecorM)mic live5 and resldual values of the assets. The useful eco￿$M[C lives and residual values are ro-as5essed annually. They are amendeil when n￿Ssary to refl8ol Gurrenl esllmates, based on te¢hnological advancement, future invostm8nts, nomi¢ ullll8ath)n and the ptyskal eondlllon ofthe assets. ill Logw incomg- By its very nature lega¢y Incomelg unpredKtable 8nd the tinEsGale from notrficat40n lo reoipt Can ￿ exlensive depending upon the comptexlty of the estate. Judgement 18 used to establish whether legavi Income meets the reccgnitbn criterfa of entitlen72n( probablNty and measuremgnl within Ch￿￿eS SORP (FRS102}. 13 WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 3 Donatlons and l094¢1è8 2025 2024 Legacb5 Donations Rehomlng fee$ 209,617 196,407 82.423 64.610 21.793 17.360 313,833 278,377 Other trading aCti￿tIeS 2025 2024 Fundraising income Fundraising eX￿ndItUre (note ei 33,006 2,184) 30,822 30,315 111,819 18,496 Investment In¢ome 2025 2024 Intsrest receivable 18,251 26,827 Total exponditura staff costs Othèr costs Total 2025 Total DepreGlatlon 2024 Cost of raislng funds Fundraisiny expenditure 61.167 2,184 $3,351 36,894 Charltable actlv5tle$: Anlmal Wolfare Activstiès undgrtaken diredy Support co$18 80,773 440,166 416,533 319,457 39,936 65.427 153,Xfj 218,733 464,148 Tot81 384.884 39.936 234,079 658,899 560,681 Total Resources Expended 236,263 712,250 617,575 436.051 39,936 Indud¢d y￿thIn suppJrt costs are governance cosls of £12,13412024". £15,￿). J4 WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 An•lysl$ of 8UPPOrt ¢o$ts in¢ludèd In oth•r costs abov 8upport Costs: 2025 2024 Advertising Legal and profe5sic￿al fegs Donations Insurance offi￿ administratKJn Premlses and repair8 Olher Loss on dispesal of assets G)vernance costs Ibeiowl 435 20,328 180 6,834 19,872 34,423 7,808 52M92 42,134 153,306 2.322 9,688 4,993 25,487 37.168 15,707 15.366 111.519 Gov¢mancé Costs: 2025 2C24 Trustee meeting Costs Audit and accounlan¢y Independent eXan￿natIOn Non-audit fè8$ 1,654 552 4,500 6.080 12.134 5.814 15,366 8 Comparallvg Fund8- Statement of Flnanclal Acthiltl6s yèar ended 31 Dooembèr 2024 2024 Total funds Unrestrfcted Deslgnated Reslrtcted funds fund$ funds Income., Donations and legacies Charitable a¢tfvlties- g￿ntS Oth&r Iradlng a¢tivili88 Inveslrnenl income 278,377 15,3 30,315 26,627 278,377 30,200 30,315 26.627 15,000 To¢AI Incon 350,619 15,000 365,619 Expendlture: Raising fvnds Charrtable activitk?S 36.894 S66.330 36,894 S80,681 14,351 Total expondlture Net In¢omel{8xpendituro1 and movomoni In lunds 603,224 14,351 617,1575 (252,6051 1251,956) Total fundg brought foThvard 1,701,035 1,000,000 2,701,035 Total fund8 ¢arrfed fonYar(I 1.448,430 1.OaO,000 649 2A49.079 15 WADARS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Net movement In funds This is staled after chargin9'. 202S 2024 Stsff costs (note 101 Auditors. remuneradon Statulory audil Independent examination Nofvaudit seNlces 436,051 381,319 8,750 4,600 6,080 J9,936 5,814 41.166 Depreciation 10 staff costs 2025 2024 Slaff costs during the year wére as follows.. Vvages and salaries Scdal Se¢urity costs Penslon cOnthbu￿C1lls 393,991 30.978 11,082 436,051 347,990 23,671 9,658 381,319 Pension contributlons 501ety reL8te to a Llefined con￿bUtion scheTr, No pension ccffjtrlbullons were oulslanding atth8 year-&nd12024.' £Nil)- Stsff costs by fvn¢tion weft as follows: 2025 2024 Aninial welfare and re-homing Admlnislralion. fundralslng and development 319,457 116,594 436,OSI 303.504 77.815 381.319 The number of employees eaming over £6Q,000 per annum (including taxable beneffts but excluding employer pensK)n contrlbullonsl In the following bands We.. 2025 2D24 £70.000- £79,9g9 Pension contrlbullons for h￿3￿er pa￿ employees in the peric