Charity re918trallon r￿fflber. 1153737 Animal Rescue Cumbria (The Wainwright Shelter) cio Annual Repori and FlnDn¢lal Stalemenl8 for the Year Ended 310ecemb8r 2024 Animal Rescue Cumbria (The Wainwright Shelter) CIO Contents (contlnued) Reference and Admlnlstratlvo Dots11$ Trusiees, Repot1 2to11 Stalemeni of Twustees, Responslbllltles 12 Independent Audll*XS' Report 131015 Stslgment of Flnancl81 Actlvltles 161017 Balance Sheet 18 Noles to Flnanci81 Statemenls 191037 Anlmal Rescue Cumbria (rhe Walnwrlght Sheher) CIO Reference and Admlnlstrallve Detalls Sanlor Management l Lea¢lershlp M Yat8s, General Manager Team R MCGIII, Shefter Manager T Hesmondh*h. Charlty Manager TTUStee8 G Fr8ger (lJ)8lr) V KI￿$Mon J Waln A M Willlams 1153737 Charlty Reglstratlon Number Prfnclpal Office The Wah}￿l9h1 Sh*r Kapellan Grayrwjg Nr Kendal Investment Advlsor5 Rathbone InVesth￿nI Management Port of Llverpool 8uikA r Head L3 1NW Newltjns SO￿110r$ Ent• House Glllan Way Penrilh 40 P8rf( Penrith CA1198P Chafities Akl Foundalion 25 Kings Hlll Av lfjngs Hlll Wesl Malllng Solldlors BankeTS ME19 4TA Audltor Chartered Accountants a staiul(xy Audllors Lowther H￿se sireet Kendal LA9 4DX Animal Rescue Cumbria (The Wainwright Shelter) CIO Trusiees, Report The Inistees Ixesent Ihe annual rep)rt togeltRr with the financlel slatements and audllors. report of the charfiy for the year ar￿ 31 Décember 2024. The financlal $ialements have been prepared in accordan￿ wilh accounling wlicies set oul In noies io the accounts arKI comply w5th the charity's goveming documeni, tlie Charllies Ael 2011 and Accounllng and Reporting by Charilies: Slatemenl ol Recofffflended Praclice applicable lo charltles preparing ihelr accounts in accordance wllh the Financial Reptsrting Standard appficable in Ihe UK and Republk of Ireland wbllshed In Oclobef 2019. Tmstses and officers truslees and officers servlng during th• year and since the year end were as follows: Trustees: AEze G Fraser (Chair) A Hall (resigned 30 May 2024) V Kin9sman S Mawer J Waln A M wllfiams Senlor ManagW￿nI l Leedefskllp M Yates. General Manager Team: R MCGIII. Shefter Manager T Hesmormthalgh. Charity S￿ Manager Oblodlves a￿1 actfvil Chaiity Purposes The purposes ol the Charlty. as laid down In the COnS￿lU110fi are as follows: 1. To releve Ihe suffeTlng of skny and iinwanled anlmal$ Ihat are In need ol care and attention and lo provide for sid( or llMre8ted anlmals. 2. To provlde arKI rrthtaln an anlmd 1)Ihw faci0￿ for the recepkn and care of stray and unwanted 4￿mals. and lo re-home or fosler th approprkte. 3. To ethjcete publc In 811 asp￿ts ol anom￿ care Wid welfare. How we delfver Publlc benefil We provide a servlce for pel cY4mws Vkn￿. lor whai•ver reeson. are no longer able to care for their cats or dogs: they may heve had a thnge ol circumstances such as a move to rented accommodalion wllere pats are not pemiltted, or to a care horne, or IW may be Irb IH-h8alth or slmpty unable to care for thelr pel. Soma tr*ners struggle wlth thetr pet's behavlour and leel unable Io cop8. In such drcumslanc88, can feel raassured that wlll prO￿e care, trainlng and enrlchmenl whllsl seeking 8 lovln9 and Pern￿nent home thal ¢xn meel the In¢fNldual enlmal's needs. Where possible, and whera requested. we lry to wcffk wllh trwners 10 h* them lo keep a mUd￿0Ved p￿, for 8￿pIe. If trainlng and behavloural advice Is needed. Pago 2 Anlmal Rescue Cumbrla (rhe Walnwrlght Shelter) CIO Tru8tees' Report (contlnued) An additional commllmenl leken on In mld-2023 was rescue of abandoned dogs and cats In CouncA care. Working wlth a nol-for-profit orgenisatlon, Anlmal Lifallne UK. V￿ provlda sheiier p18¢8s for stray and abandoned anlmals that have not been reclalmed wlihln the s*iutory 7 days and have been scheduled for gulhanasla. These anlmals come from a¢mss the UK. Frequenlly, they pffjsent wlth chronlc condltlons due to neglecl or behavlourel Issu83, We pTovld8 lono-ierm 8dvl¢e and support lo adowers who may need help with Issues Ihat can arfse afler Ihe adoption. Surrendered anlm8ls have nol always had the besl start In Ilfe and someiirnes behavlour In the new home can ba ehallen9lng. The 'safety-nef provlde Io 8doMern thrwghoul the Ilfa ol the 1$ much apprecialed and reduces the Ilkellhood of 3nlmals belnp r6￿med lo St￿lIer. We are s¢)mellmes ¢ontacled by Ind1vldua￿ and communllles where a feral cat colony h grThylng out of control and c8uslng local problem¥, e.g.. through spreadlng disease or followlng altscks on domesllc cals. Often, ihere are polarlsed vlews on feral cat colonles and wg work senslllvely with communltles to ensure the besl outcome for Ihe Cais and the communlty. We provld8 8 trapneuter-release programme whereby cats are humanely trapped, provlded wlth veierlnary Irealment and neutered, and then relumed to Ihelr orlglnal habllat where they can lfve out their Ilves wilh less Impacl on the communliy. We do not atlempt io domestlcale such anlmals as tho process would be lengthy, slresslul and Is nol consldered good pracuce: however, we will ¢¢caslonally rethome ferals lo locHI farms as bam cals. Feral klltens. provided they aR undgr 8 weeks, old, can adapt lo a domesllc envlronmenl with In1ens￿e 80clallsallon and we will allempt this in order to ensure better life for them. Occasionally. we are called lo asslst wilh animal hoardlng ¢ase$. WOTklng sensltlvely wlth Ind5vldu8ls who have taken on more pets than Ihey can reasonably Ca￿ fLV. Thls Involves helplng these individuals to glve up some or all of thelr pets to make Ihelr Ilves more manageable and lo Improve Ihe welfaré of all the animals. We provide the publlc. free of charge, a Forever Homes Servlce, whereby pet owners can reglsler thelr pels wlth us and Indlcale thelr wlshes in the event of the ownerfs death. Thls provides peace of mlnd Ihal their pei's lulure Is secured and that we will m8ke every effort lo find a lovlng home that meels thelr pel's needs. The Charity wlll, wherever possible, prov5de resplte care for cats 8nd dogs where an ovmer has ￿ go to hospllal or requlres support wlth thelr pei durfng or followlng an Illness. The Ch8rity also suppo number of local pe¢ple who are housebound and unable to rnanage routlne care of Ihelr pets Such as nail dlppSng and regular womilng and flea treatments. Th18 en8bles them to keep thelr much-loved companlons In good health and, Importantly, wllh IheSr own•r provldlng vlt81 companlonshlp. Alongside rescuing, rehabilltating and re-homing animals, the Charlly has an Importanl educalional purpose In reducing the number of anlmals Ihal are surrendered io Shellers. In many cases. Individuals have leken on a pal wlthout underslanding the cosl 8nd commilmeni requlred when taklng on an animal. Some are well-meanlng and lovlng owners but pethaps do not understarKI Ihe needs of Iheir pe¢ and how besl to manage Iralnlng. Olhers have lel thelr pet's he8llh decllne as Ihey 18dt knowledge In anlmal welfare end nutrlllon. To address the Charlty's educallonal purpose. we speak to school groups and contrlbute to college programmes through work placements, leciures and careers evenls. We speak also io community groups to ralse awareness of our work, allend county fairs and slmllar events. and orgènlse our ovm open days. We promote good pracllce 10 Ihe publlc Ihrou9h our newsleiier and the pei products vie promole Ihrough our ch8dty pet shop. The Trustees conflmi Ihal they have referred to tha guldance conlalned In the Charlty CommlsskH)'s general guldance on publlc benefjl when revlewlng the charltabla company's alms and obledlves arKI in plannlng future 8Clivilies. Page 3 Animal Rescue Cumbria (rhe Wainwright Shelter) CIO Trustees. Report (continued) The Charity ralses funds primaflty Ihrough donations from Ihe public . Those surrendering an animal may make a donation to help wllh the costs of care and rehoming iheir ￿1, and adopters viill also make a donation when laklng an anlmal hm. Our supporters organlse indivldual fundralsers 8nd we have been fortunate In receiving grant incoTh, prfmarily from the Samuel and Freda Parkinson Trusl. Some income comes from local businesses wtK> have nominaled Anlmal Rescue Cumblia as ihelr Charfty ol Ihe Year. From lime to Ilme. Ihe Charity OTganise an appeal to ralse furrfls lor particular purposes such major surgery for an animal. Our Preloved lor Pets Charity S￿1P producas a surplus wliich conlributes io operating costs. We operaie a lottery under lo￿1 aulhoriiy Ikence, and Ihis generates a mode51 monthly incorne. The Chariiy has been lortunate in receiving some genwous legacies over the years. Focus of our Adivltle8 The Chartys acllvllles over the yoar refieC1￿ the purposes for whkh the Charfty was eslabtished. The Inislees developed arml adopied a &year straiegic plan al the start of 2023. The Charfty's work focuses on four key $trategic objethes as lotlthys: Prlorily 1: Gam. To wov￿0 Ihe beslp05&tstr slandwts and secure fulures fv Ihe cats and dogs Ihal come ints ourc8rn. Pfiorfly 2: Communkale . fo Inmse our m8¢*, anlmal wdfarn and enhanong our regutstffjn as the Shellerofch4x•lorsuffender8nd8dopi/on. enwronmen¢ malnlalning a stsbk andmobvaledsl8ffand voluntserforce. and in pgrtnershlp Ih 01her￿VanI$atI0￿S Key Constralnts In 2024 Throughout Ihe year. VM expeflenced a de8peruNJ ol the UK-wide artin￿l wellare crisls. which placed wessures on our capacity and rnenlal resillence ol our slaff team. The conllnulng growth in nurnber of animals abandor￿d led to longer wailing lists and greai pressure io accept stray dogs, In P8rllcular. from Counclls that roullnety pui dogs to sleep followlng the marKlatory 7 days In Counal care. Many of Ihose abandoned anlmals requlring a rescue place were Ju* pupples and, whllst some were elderly, all deserved 8 tharts of Ilfe.11 was dIffi￿ll to slrike a balan￿ between savlng hves and malnlalnlng a ￿asonable workbad for our anlmal cara leam. The leam resporKled wlth compassion d commllment. arKI Ihe Charfty Is proud of their achievements over Iho year. Rlsing costs across every service area (velerinary lees. er￿rgy, rent. elc.) and inrnsed bills for regul* purchases placad pressure on the operaling ￿￿9•l highllghllng IPK? need ￿ maxlmise Income. At the Same Ilme. plans to build a sheller on ow exlsllng site were hanyergd by conslralnts thal emerged from deiaSled Investlgation of ground conditions on sile: as a resull, plans lor development and income generatlon suffered lurther delays and costs conlinu8d lo rlse wllh inflallcm. on￿?0$1n9 our funding gap, eventualty leading lo the Boaril of Trustees, deciding not to pursue the project fjJrth8r. A major, comthaly unanlklpaied, ¢*allengo Camo in May wilh a 70% rent intrease at our Preloved lor Peis Shop in Kend81. Givert Ihe Ilmlted shop IkM)r arnl storeroom space, h was clear ihal Ihe locaiion could n•X. at suth COSL t)ffer a lonTriemi hm lor (iur charity shop and we were forced to wilhdraw from Ihe lease. Fortuilously. new and much larger premises became 8vai18ble at Ihe same Ilme end Ihe Board agreed thal move vms in the lor￿48rM 5nleresls ol ltr* Charity, despltg 1 is of the move. Anlm81 Rescue Cumbrla (The Walnwflght Shelter) CIO Trustees, Report (coniinued) PERFORMANCE AND ACHIEVEhlENTS Cara of AnlnMIs Anknal Intake has Increased slgnlltcanty thls year. Cal Intske inLYeas8d ty 133%1336 cats compared wlth 144 in 2023. The numbef of dogs enlerlng our care In 2024 Increased ty 24% (179 cornp8red with 144 Ihe Fvevi¢)us year). Time ¢M shetier ha8 reduced in recem years and for 2024 Slood al an average of 36 days for cats and 23 days for dogs. Trms induded Queens on shelier for appffjximately 8 weeks or longer. and loslers and lontrienTJ 518yer3. The partnersNp wlth Anlmal Ufellne UK c￿linued, wlth stray and abandwffjd pets C￿nIng from Counal care across the UK. We fortunate In rni boing affeclad too muth by Ihe consequences ol lh8 pendlng ban on XL Bully dog& We are mosi grdleful lo The Anlrnal Defence TrnsL Anlmal Rescue Foundauon, Anlmal Welfare TrusL The Audrey Lamberf TrusL Calypso Brown1￿j FoundatiL￿, Lambrtgg Parlsh Coundl. Walker 957 Trust and The Rose Anlmal Wellare Trusl for thelr geneThs supm over the year: wlthoirt thls, Could not possiw have lakan in so many animats In need. Comrnunicallng To support our communily work thls year. we appolnled a part4ime Communli y Engagement and Fundralslng Oftker, who has broughl greater focus ￿ our communlty WOTk. We Increased Ihe number of school visits. both Inbound and ¢)ulbound. Inwsed our Corporate fundralstng days, and attended summer shows and evenis ￿ Ma￿ supponers face.ltrface. We were pleased lo be nomlnaied for the sewid year running, as Charfty of Ihe Year by ts Lune Valley Aglllty Club and were Invlied to thelr annual competltion and Crufts qu81ifylng evenL We lurther engaged wlth adopters and supporter8 Ihrw tho Peis at Eastgr aThl Chrf8tmas events: the Kerthl slorn conllnues lo provlde generous support io the 5heller. We were fortunale lo be 8UPPOrted by nuMern￿ Indrvlduals cOmmu￿ty groups who heve fundralsed on our behall ov the year Ihrough sponsored afternoon lea & bingo, walks. ¢x)Id water swim& table sales. eBay sales donations. corporale donatlons. rdffle pfize donailons. and many olher contr&>ulions. Donaiions ￿ o Pr&lov8d for Pets sI￿p have 9fty￿n arrfl an Increaslng m)ortlon of Ihese Is glft-alded. Our Facebook communlty exP￿ed *nIf￿ndY and had gr(y￿ lo over 35mO followers by the end of the year. Our followers have been very swortlve ol IrKlivldu81 anlmal appeals to fund essenll81 surg8ry and of ow Chrfsimas Dlnner appeal whlch ralsed over £201Y). Develop The Iruslees, key straleglc development priNiiy is Ihe constnKlion of a new sheher lo ensure the long-lerni future of Ihe Charlly. Vlhilst plannlno eonsenl had been secured. detsiiad ground investigalions had revealed unexpethd ground con￿10n$ whith had presanted furihar challenges and necessilaled a rHlesKdn of the planned buildlng. At ihe slart of the year. ihere was concem that inflation had increased costs arKI created a fuThding gap. The solullons to the ground coftdlllons would add further cosl and de￿Ie reserves Io an U￿cCep1th level. The Board reluctartly made the declslon w curtaH the devdopment proiecl and #ed( an altemBlfve on wNch io develop a new sheiler. To meel rfslng costs, a plpellne of Tntsts and Foundaik>ns had been developed. The Charfty had already been awarded a major granl from the Samuel 8 Freda Pathlnson Trust and was awarded a lurther large grant (unrestricled) when the Tn￿ *x)und up. Successlul granl applicatlors were submllled to Pets. Foundaik)n aTh8 Petplan. alth(wh Ihe grants awaTdKI were restrithed ￿ the planned development and Ilwefore reiumed. The pipellne was. howevei. an excellenl development th81 ￿￿)Uld support any fulure devewnenl as well as operalional costs. Page S Anlmal Rescue Cumbria (The Wainwrlght Shelter) CIO Trustees, Report {continued) Foll¢ywing t￿8 dedsk)n to wSthdm from the plenr￿ development of the ex1￿1n9 slte, Ihe Trustees began the search f are **rklng wlth Increa￿r￿lY dlverne conditions arKI behavlour3 In the anlmab In our care. Staff 8it8nded the ADCH Conlerenca In Telford and one staff member was ats￿ to complete her Oiploma In Cal Psychology and 8ehavlour. The Charily has conts'nued io work dosdy wllh olhff small rescues across the r8glon. cooperallng support the rehomlng 018nlmals. We $treThJihened w partnwshlp wlth the RSPCA Weslmortand 8ranch and are contracied to pr￿￿8 8 cai pens for RSPCA cals. We were dellghled Ih81 ow lono-8landlry and Muthval￿d p8rtngrshlp with Kendal 8ranth of Pets al Home contlnued for 8 further yaar. We p8rtklp8ie In Peis et14ome nallonal app9818 through In-81ore près•n¢e, and bonefil from ¢￿tOMor donatlons and palales of anlmal food vla thelr Charllable Foundaiion. We are lortunato 10 b• Supported by Nutrirnenl Raw and Eden Hollsllc Pel Foods, make generous monthty donatlons of108d for our cats and •Jogs. We conllnue to recelve valuable Supp￿ from our local bu81n8u parbw, Meanlngful Matheilno, who volunleer 8oclJl medl8 support lo Ihe Chadty and have done much lo rnlse our onllne proffle and ra188 wareness of key wellare I¥su85. Flnandal revlew Income for 2024 was £1.160.153. e￿nthture 8mtyJnied 10 £650,449, dellverfng 8 8Ufplus of £525.246. The Charitys ieseNes •)n 31 Decernber $lood at £4,363.740. 01 whlch £4,022.693 wa8 unreslrlcled. The Charity's Income come8 from varlous 80urces'. donallons from IrKllvlduab 8urr8nderfng afKI adopiing 8nlmal$', ad donallons from Inthldu81s, Some of wlM)m org8nlse thelr own fundralsers on OUT behglf: lundrnlslng •venls arKI profil&rnl8lng athilles 8$ open d￿. funds from parther organlsallons th81 ch0088 U8 ￿ thelr ¢h8rlty of Ihe yoar. retum on our InveFlrnen16; gran15 from Trus and Found8Uons', legacy glfts: Iwo lotlerfes. and Income generated IhroLvJh th8 Ch4rfly'S reiall Oullel In Kendal. Wherever posslble, GSft Ald Is dalmed ¢)n ellglble donatlons. An Importanl development for Ihe Charily thls yèar was the developmeni of contr8Ct Income, through a partne￿h[P with our local RSPCA branch, to provlde 8ccMimodali*)n (6 cel P￿8) and care for thdr cats. Over Ihe year, wg 8180 cared lor 8 number of indlvidual dogs from the local RSPCA branch whlch nol Ihrfvlng In commerclal boardlNJ esta￿tshMent. Desplle recelvtng a very18rge grant of £500,000 In 2023 kn 8 loc41 Trusi that h4d supported th• Charity OV8f ihe years, began lo wlnd up and dIs￿r3e resldual reserves, the Charllles Income hes increasgd In 2024 prfmarlly due to large leg8cy amounts that Ihey have recefved In Ihe year Includlng a lew larger Or￿ In aCcA￿d Income. Also, operallonal Incom• Increased wlih larger anlmal number8 and assocaeled donauons. undlmlrtshed Sup￿ from donorn and tr￿Ual fundralsews. Page 7 Animal Repocue Cumbria (The Wainwright Shelter) CIO Trustees, Report (contlnued) The Chathy's Investm￿18 Perforn￿d In Ilne wlih expeclalions; Ivwever, In anilclpakn ol expendllure on the caplial davelopm•nl project. a pr¢)POrtion ol our invesimeni Portlollo was reallsed, and tho released lunds were placed on tlme deposlt. where wa banefrted from lavourabla Inter￿1 rales. When the Board agreed not to pursue Ihe Capit￿ developm￿1 on ow ￿rren1 sile, Ihe funds remained on tlme deposit and defivefed an excellent relum for Ihe remaindor of Ihe year. whilst rem8ining easily accessible for a luiure propety purchase. The Charlty's maln are88 ol oporallonal axpendllure ore tradlllonalty slafflng and v&erlnary cafe. Increaslng our volunteer numbers end roles, arKI gmng volunleers grealer responslbillty In some areas, h8s enablad us to manage stalf In Ihe18ce of the large Increase In animal numbers Sn 2024. Wè vmre fortunaio In recthlng Some 8UPF#)rt from a number cl Trusts and a n*hb¢uthg parl8h cwndl iowath our vei ￿18. The meln l¢alure8 of th• Charf￿S TeaeNes are as rollo￿. . The need for regems wlll vary depw)dHw on I￿ Charftys financlal p08111on and conllnuous 88se&8menl of the many rfsk8 Charfty lace8 al a p8rlluJ*r tlfm. • The re8WV88 WIU be 889888•d u part of Ihe Charlty's ml&rnnge plannlng Proc￿ and the need 10 bulld re8wve8 wlll also be consldwgd In the afinL￿ planntr¥ and Iwdgellnp proca88. . Re8erv08 exlsl alihor to wovth shryt4•mi prolecdon agalnsl dcrrnrd flu¢tU8llon8 In annu81 revenues or c8pi181 le￿Ipts- or io yovide lonplam slral•glc Ilnandal Sup[￿ and developmenL . The Te8erve8 policy balances th• need lo I￿lId up lortrierm r￿f¥eS agalnsi the Med fty shon.i•n spending on cole actlvlt5es. The current prlorlty for the unre*rkted g￿eral lunds d Anlmal Rescue Curnbrf8 18 ￿ fund Ihe purcha8e and developmeni ol 8 nfjw 811e lo 3e¢we the Iwerm future of the Shelter. T(uslee8 have agreed a purchase prfce for tho new propety bul not fornialty agreed a fixed budget for Ihe re-developmenl of the new slte 88 Ihe actual cost wlll emerge as afchltect deslgns are Iln8li8ed durlng 2025 and lend0fS raceoved. Hcwevef. the TTu8lee6 have agreed thal a mlnlmum of 9 month8, oper8tlng cosls wlll be relalned In free re8efves ￿ pr￿e prolecllon agalnsi downward Iluciualions In annual revenues. Investmen18 and Inve8tsMnt Polky The Charlvs Investsnenis are prnvlde an Income which, together wllh Ihe capilal, could be Used lo finance tho long-temi rumlffj of Ihe Charlty. Irusteos reccynlse Ihe rlsk associaled wilh Inveslmenl In malnslre8m flnand81 merkels and attepi Ih18 rfsk In retwn tor the prospeci of additlonal returns o￿T longer perlods ol Ilme. Thwefore, wlsh lo rnmaln largely Invested at all Ilmes. subJ•CI lo cash reserves belng held as pan of Ihe Inveslmont management process and lo cover Ilabllllles and lulure developmenl Van8. The Investments are medlurn to low rtsk. are wall dlverslfied 8nd Incorporaio a range ol assets Indudlng fixed4n(eresl 810¢ks, UK shares 8nd ovarseas shares. In Ilne wllh our elhos. we ha￿ •xduded from the port(0￿ comp8nies Ihal use anlm815 lo research ¢Y le61 thelr producls. Although capltal appredatkn a prfffory obiecilve, taklng one year wlth onolher end exdudlng ¢8plial wllhdrawals. brth the Income and the co￿￿1 value of the fund should Inuease In Ilne *iih Inflatlon. The total retiim ond perfomwth ol Ihe invastm•its are measured agalnsl an approprlale benchmark for the agreed rfsk marKlate. Anlmal Resuje Cumbrfa (The Wainwrfght Shelter) CIO Trustees, Report (contlnued) Plans for fuluro perlod8 Pl8ns for Ihe lulure WHI f¢xus on the Clwltys W Slrateglc Plan 18unehed In January 2023. Tho plon defines goals, strategles and Inw*menlalkn pluns vAthln tho 4 8tr810gk p￿￿e5 ol carn, eommunkate. develop and suslaln. planned capiiol (knvebwnern prdect ￿ our stte be tha matn ffi for 2025. Humer, we are Ilkely to be faced wlth a funding gap 8nd VAII WOTk lo ralse funds lIW￿9h F¢und8tlon8 and Trusts to support the capllal developmenL We shall alx) prforfllse the growth of su8talnabl8 Income streams, Indudlng developino Ihe new slte lo maxirnlse poienllal for growlng regular Inc¥)me. To thls end. and wlth the 8cqul8lllon of Higher Fami pendlng as at 31 Decembor 24, we have agroed lo take on the Westmorl8nd & Fume83 Cwdl Stray Dog Conlracl, held by the current owner8 01 th? propety, and to provide kennelllng and care for 6 dogs ￿ our local RSPCA branch. Tha stray contr81# requlres u8 to secure a boardlng Ilcence from the Councll. whlch Is pgndlng. In addlllon. we are $8oklng to work wlth a nallonal anlmal charfty to provlde bo8rdlng fadlllJe8 ft)r dog8 to help meet Ihe uK￿ld9 demand for sheller spacos. All of th1$ aciivlty wlll bthg Steady Income In the aroa ol our core ser¥lce8. Th? Board 18 mlndful ol facl that plenned capllal development wlll roduce Charlty r88•rve8 slgnificanlly and the 'cushlon' ol our very healthy reseNes (albelt largely de8lgnaled) wlll b8 much reduced. The 8oaftJ wlll conslder the eslabllshment of an Income Generniion role to support the development work lowards long48rn1 financlal sus￿Inabl1Ity. 11 Is Ilkely ihaL 88 our plan8 to dlver81fy Income 81ream8 progr68S. Iha Charhy wlll In due courne 08tsbllJh • tradlw company wllh a v*w 10 managlng bustrnss developmenl rfsks offgdlvety. Tfalnlng and development ol our slaff leam and voluntw8 VAII r•m8ln a prforfty ￿ enable them 10 meel the ch811enges of the pMt-pandemk perfod. We wlll ccmtlnue to fund 8ullable ￿UrSe8 and development opportunllles for 81aff, offerlng lundlr¥J for Indlvlduals lo attend exlemal course8 and cOnle￿nCeS. these will enable them to bulkl a netwo￿ of wofes51onal ￿ta￿S whllsl enhandng Ihelr knowledge and ¥klll8. We have plans for In4Thise gue31 Speaker evonls In 2025 on 8nlm81 wellare rtd b¢havlouf lopks lo support our staff and vohmleors In thdr rnl•s. Flnancl81 Inslnimenl8 The charlty's actfvltbs •xpose11 lo a nwnbaf of finand•l tsks In¢￿Ing uedm rl8K cash fiow rfsk and Ilquldliy risk. The ch8rfty does nol uso derlv8Ovo fin8ndal11181rumentg. C8sh ftow rfsk The charfty'$ aafviues expose tt wlmaflly10 Ihe finarthl rlsks ofchanges In Inveslrnl Income due to markel corKSlllons over Ilme. TNS 18 mlllgaied by the Inveslment8 belng managed by profvsslonal Invgsimenl managers. CrndRrfsk The charlty's prfndpal Ilnanclal assets arn bank balan￿ and cash. trade and othw r•celvablo8, arKI Inveslmenls. The chgrtly'8 credll rfsk Is prfm?rfIy 8llrbut8ble lo11$ Ir•do rttthaith. Ihose are Qonerally low risk as mosl ol Ihese relate ￿ glft ald redalms. Anlmal Rescue Cumbria lThe Wainwrlght Shelter) CIO Trustees, Report (continued) Goveming D0￿ment Antmal Rescva Cumbria (th• Cha￿) Is a thaiiable Incor￿ organisatlon {CIO) and Is regr￿er8d as a charfty wlth the Chartty CommlsSlr￿. The Charity was Incorporated on 9 September 2013 and118 Constltullon ouillnes the objecls and of the wo8nlth:11 Is govgmed In ac£ordance wIth Iho Constllulion. Organlsatlon A Board of Trusiees Is responsible for ts govemance and strategic dlreciion ol the Charity. The irusiaes meet on a regular basis lo Th￿nhor prog￿ agalnst the strdtegk plan. and io manage such eas as flsk, develownenl. human Iwources aThJ all aspécts of firw)c8. Trustees appolnt a General Manager lo tskg oveiall respor*lblllty for tho (tsy40• nwnagpJnenl of the Charity. A S￿l￿r Manager Is resp¢nsltAe for anlmal care and the daY-l￿tsy operallon of the Shelter. A Charlty Shop. led by a part-tlme rel811 manager, generales Inwe to support the Shelter operatlons. Book-keeplng Is ouisou￿d lo a local accounlancy lyjsirwss. Aecruitmeni and appolnlrnent of Inistees In accordance wilh the Cmstilulion. the Board VAII comwise a minlmum of three trustees. Truslees are appolnied for an Inlllal ierm of three yearn by a resolution of ts trusw passed at a properfy Convened maeting called under Part 10 of the Conslitulkn 0￿Ment. In selecttng persons ￿ b8 appolntad. tre m*ees shall consldef the benellts of appolntlng a person who. through resid•rth. occupation, employnwil or otherwise, has special knowkdge of the area of ber￿fft or who Is otherwtse able. by YirW¢ ol his or her personal or professlonal qualifications. lo make a contribulion to the pursult of obieds or Ihe managemeni of Charlty. If, for any reason, trustees cannot be appolnled in accordance wilh Ihe fryolNJ pmvblons, the slatutory pwr of appointing rth or addtllonal trusiees shell be exerctsable. In ihe firsl instsnce, IrKlividuals ar8 welcomed lo the Charity as prospecilve Truslees. wilhoul Y￿Ing rlghts. lo allow them lime to declde whather ts rde I￿81 of commllmenl are suitable lor th￿. Formal appolntrnents are made th 6 Th)nts. The trustees who have seNed dwkng the y#r are In the Referen￿ ardl Administrative Dotails. Page 10 Animal Rescue Cumbrla (The Wainwright Shelter) CIO Tn￿tee8, Report (contlnued) Inductlon and trnlnlng of tru8100S Nw Trustees aro provlded wlth an Intorn￿tIon Pad¢ ¢ontalnlng Ilnks to relev8nt sedorffj of the Charlty Commlsslon wewle lo wklo an oveThlew ol ts followlffj areas: • The slrateglc role and owallons of Board members. oulllned In the Commlsslon'8 The Essenllal TNslee' documenL . Key documents, Indudlng Ihe eth￿11￿1￿ Ihat sat Ihe operathl frarne￿￿ lor Ihe Charfty. and tho curfenl Slraieglc Plan. . The current flnanclal poslllon of the Chwlty. the puNbhed a¢￿unIO. . Mlnules of recent Board m88tlngs. . Fulure plans and ¢)bJecilves. In 8ddlll<>n, Tn￿1#3 arv provided wlth a gulded tour of the Shdler and Ch)rfty Shop. and Ilme wllh management staff lo provlde an ovwvkn of oparntlonal mattorn ￿ cthnplemenl the straleglc focus of the tnAlee role. More 8pedallsed Iruslee tr8knkn9 opportu￿01 arn avaltsble through extemal organ18altons. 0.0. our inve81menl managamont company. Cumbrla CVS and the 88lteis8) Academy. Rl8k nmnagemenl In assesslng rlsk. Ihe Irustees recognlse thai Some areas ol operallon requlre the s￿*p￿n¢￿ and management ol rfsk. The Chadty malnlalns a regl¥ler ol the major rfsks lo whlch the Charlty Is exposed. In¢ludno Fln8ndal, Compllance, Employmen( Fundral8lng, Envlronmentsi, el¢. Ea¢h dsk io assessed on the basls ol Impact and Ilkellhood, and conlrol and mllSgaUon procedures arn Identllled. The r•gl8ler ol major 81rateolc rfsks Is updaied every 81x and rwlewed by the Board of Truslees 81 a properfy convenod quartety ffthllng. Trustees revlew aNI roasgess the rl8k8 and $8llsfy Ihamselve8 Ih81 adequate 3y8tems 8nd proc•thJr88 arn th pts¢o to man8ge Ihfr rl8k8 Ideniified. Wher• approprlate, rfsks are ￿vered by Insurnnc¢. Addlllonal rfsk reglsier8 may be requlrnd for slgnlficant aclmlles. for examplg, 10 $UPPOrt a major proje￿ or capligl development, whkh m8y entall very 8peclllc rl6k8 for a Ilmliod p8flod. S￿h rngl81918 may be revlewed more frnquenty. Page 11 Animal Rescue Cumbrla (The Walnwrlght Shelter) CIO Statement of Trustees. Responsiblllties The trustèes are respons5ble for preparlng the tNslees' report and tho flnandal stalements In accordance wlth the Unlled Klnodom Accounllng Siandards tes on p8ges 19 to 37 fomi an inlegral pBrt of these fin8n¢i818ialemenl8. P8ge 17 Anlmal ReAcue Cumbria (Tho Walnwrlght Shelter) CIO (ReglBtr8tson number. 1153737) Balance Sheet as at 31 December 2024 2023 £(A8 restaled) 2024 Flxed 8$80ts Tanglble assets Invesimenls 1S 16 271,608 3411.493 3 683 101 3 695.631 396S 014 Currenl a88eis 17 18 19 14.n4 220,267 12,044 25.931 Deblorn Cash at bank arKI In hand 417.382 177.991 Crodiiof8: An￿nts falllng due wllhln on• year 20 Nel currnni as8e 155393 Noi as￿15 Funds of the cherfty: Endowmont funds 329,547 327,371 Re8trlctsd In¢onw funds Re81rfcied luftds 11,SOO 6.846 Unre8tr1ct•d Ino)me funds UnTestrfcied funds 4 022 693 Total lund8 4 363 740 3 838 494 Tho finand¥l Slalemems on pag6• 16 10 37 ¥ffl• approvad ty the tru&ees. 8nd authorl8od for lssua on 7 Augu8t 2025 and 81gr*d on thelr behaH ty. G Fraser {Ch8tr) Trusle• The not88 on pay8 19 to 37 fomi an Integral part of these finanthl stateme￿. Page 18 Anlmal Rescue Cumbrla (The Walnwrlght Shelter) CIO Notes to the Financlal Ststements for the Year Ended 31 December 2024 1 Accountlng pollcles ststsment of compllence The flnanclal statements have been prepared In accordance wllh Accounllng and Reportlng by Ch&rftl8s: Sialemenl ol Racommended Pracllca applic8blo lo charllles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng S￿ndard appll¢8ble In Ihe UK and Republlc ol Ireland (FRS 1021 (188ued In October 2019) {Charftles SORP (FRS 102)>, the Finandal Reportlng Sl8ndard appll¢able In the UK and Republlc of Ireland (FRS 102) and the Charftles Act 2011. B8818 of proparauon Anlmal Rascue Cumbrla (The Walnwrlghl Sheher> CIO meets the dellnlllon of a publlc benefll entlty under FRS 102. The accoun18 (Ilnancl818tatemenis) h8va been prepared under the hl8tortcal co81 ¢onventlon wlth Items recognl8ed 81 cost or iransacllon value unl088 olheMl8e Slated In the relevant notel8) to these 8c¢ounts. The financlal slatemenls arn pre8ented In sledSng whlch Is the luncllonal currency ol the charfiy and rounded Io ihe neare81 E. Golng concam The Irustees consSder th81 there arn no maierf81 uncartalnlles •boul th• cherflfs ablllty lo conunue as golng concarn. Income and endowmenis Volunlary In¢ome Includlng dtM8tlon8. gSfi8. legac1￿ 8nd gran18 Ihai provlda coro lundlng or ar• of a general nalure Is recogn18ed when the ch8flty has enlltlemenl to the Income, It18 probable Ihat th• Income wlll be fecelved and the amount can be measured wlth sufflelen¢ rell8blllty. Donaths and leqa¢le8 DonaUon8 are recognlsed when the chaTIty has been nollfled In wrfllng of bolh the amount and gettlement dale. In Ihe event th8l 8 donallon 18 8ubJeci to ¢ondIt￿n3 Ihal requlre 8 level of perforniance by the charlly before Ihe charlty18 enlllled 10 the fund8, Ihe Income18 deferred and nol recognlsed unlll elther thosg condltlons are lully met, or ihe lulfllmeni of Ihose condlllons Is wholly wlthln the conlrol of Ihe charlty and It13 probable thal Ih980 condltlon8 wlll be fulllllad In reportlng perl¢d. Leg8cy glfts are recognlsed on 8 case by case basls followlng iho grant of probate when the admlnlslratorlexecuior for the estate has communlcated In wr5llng both Ihe amouni and setllemenl dale. In th8 event thal Ihe glft18 In the form of an a88et other than c88h or a flnancl8188set traded on • recognlsed stock exchange, recognlllon Is 9ubJact to the value of Ihe glft belng rellably maasurable wlth a degree of I￿80nable 8ceuracy and tho Iltle lo the amel havlng been transferred to Ihe charfty. Grnnts mcelvable Grants arg recognl8ed when Ihe charfty h88 an enutlement to the funds and any condltlons Ilnked to the grnnts have been met. Where perfomiance condltlons ale 8ltached to the oranl and ere yet io be mel, the Incom918 recognlsed 88 a Ilablllty and Included on Iho balance shoet as deferred Income to be released. Page 19 Animal Rescue Cumbria (The Wainwright Shelter) CIO Notes to the Financl81 Statements for the Year Ended 31 December 2024 (contlnued) Inveslmenl Income Inlere81 on funds held on deposlt 18 Induded when recelvoble and the amount can ￿ measured rellabty ty the charlty, thls Is normally upon nollfi¢8tlon of the Inlerast pald or payable by the bank. Dlvldands are recognlsed once lh8 dmdend hes been declared and noilftcallon has been recel¥ed of Ihe dlviderKI due. Expendllufe All expendliurn Is fecognlsed once Ihere Is 8 legal or construcllvè obllgatlon lo Ihal expendllure, li Is probable settlemènt 58 requlred and the amounl can be measured rallably. All costs ere allocated to the appllcable expendSlure h88dlng Ihal aggreg8le slmllar costs lo Ihal category. Where costs cannol be dlre¢tly aitrlbuted lo partlcular headlngs they have baan 8ltocaled on a ba$18 conslslenl wllh Iha u86 of resour¢es, wlth central staff costs allocated on the ba8ls of Ilme spenl, and depreclalion ch8rges ellocaled on thè portlon of the assel'5 use. Other support cos18 arg allocaied based on the spre8d of staff cos18. Ralsln9 funds These are costs Incurrad In atlracllng volvniary Income, the management of Inve8lrnent8 and Ihose Incurred In Iradlng 8¢1sYllles that ralse fund8. Charflable a￿￿83 Chadtable expondlture comprlses those cosls Incurred by Iho charfty In Ihe dellvery of its actlvtt1￿ and ser¥lces lor118 benelldarfes. It Includgs bolh costs thal can be allocated dlreclly to such 8cllvltles and tho88 ¢08t8 of an Indlfect n8￿re nece88ary ￿ wpport tham. Support CO918 Support cost8 Include central funcilon8 antl have been allocaled lo acilvlly Cost ceiegorle8 on a basls con8181enl wllh Ihe u8e ol resources, for example. alloc8llng proporty Costs by Ikx)r areas, or per caplla. 81aff costs ty Ihe Imo spont and other coats by thelr u8age. Governance costs Thesa lftclude the c0818 altrlbutable io the charflf8 compllance wllh constltutlon81 and 818lulory requlrements, Includlng audll, strateglc man8gement and Iruslees meellngs and felmbur38d expenw, Taxallon The charltylg con81dered ￿ pas8 I￿ iegts gel out In Paragraph 1 Sdwdule 6 of the Flnance Acl 2010 and Iherefore It meets Ihe dollnlllon of a chariiable company for UK corporallon tax purposes. Accordln9ly, the charlly Is polentlally exempl from taxatlon In resped of Income or capltal galns recelved whhln catsgorfes ¢overed by Chapter 3 Part 11 of the CO￿•ratIOn Tax Act 2010 or Sectlon 256 of Ihe Taxallon of Chargeable Galns Act 1992, to the extent that such Incoma or gains ale applied oxduslvety to d￿rItable purp08e8. Tanglble fixed assets Indlvldu81 flxed assels ¢OSllng £1,000.110 ¢x mor6 are Inltlally recorded al c081. Page 20 Anlmal Rescue Cumbrfa (rhe W8lnwrlght Shelter) CIO Notes to the Flnancl81 Statements for the Year Ended 31 December 2024 (conllnued) Depreclauon and amortlsa Depreclallon 18 provlded on tanglble Ilxed a&8ets 80 88 lo wrlte off the cosi or valuallon. less any esllmaled resldual value, over thelr expeclad useful e¢on¢)mlc life a8 follow8: A88et cl881 Freehold land Freehold bulldlng$ Equlpmenl Molor vehld89 Depredatlon method and raie 18 not depredaied 2% roduclng balan¢• 20% reduclng balance 25% reduclng ba18nce 25% 8tralghl Ilne or SO% slralghl Ilno bo8ed on locaiion Flxture8 and Illtlno8 Flxed a888t Inv88tmen18 Flxed 8$set Inveslmenls. other Ihan progrnmme relaled Inv081m•nts, aro Induded al mafket value al Ihe b81ance Shoel dete. Reallsod galns end losses on Inve81ments are c8lculaled as the dlfferene• belween sales proceed8 and theSr markel value at Ihe slart of the year, or Ihelr 8ub$equ8ni cost, and are charged or Cfodlled lo the Stalemenl ol Flnancl81 Actlvllle8 In Ihe perfod of dlBpos81. Unreallsed galns and 108888 represeni the movemgni In market values durfng the year end are credlled or charged to Ihe Statemenl of Flnanclal Aalvllle8 b88ed on the markel Val￿ al the y•ar and. Stock Stock Is valu8d at Ihe lower of co81 and esllmated selllng prlce less costs ￿ Comple￿ and 8ell, after due regard for ob301ele and slow movlng al￿￿, cl￿ Is delgmilned u81ng iha firnt.In. fir*woui (FIFO). Tfade debiof8 Trade deblors aro amoun18 due from ￿S1OmerS for merch8ndl80 8okl or 8ervlee8 perfomed In lh8 ordlnary course ol bu91ng58. Trnde debtor8 are recognlsed Inlllally al the tra￿8Cl10n prtca. They are 8ub8equently me88ured al amonised cost uslng ihe effecllve Interest method. less provlslon lor ImpalmenL A provl$lon for th• Impalnnenl of trade deblor319 98labllshed whèn Ihore Is obJeGllve eVIden￿ thai tho ¢harlty wlll noi bo able10 collect 8118mounls due ac¢ordlng io the oflglnal tem8 of tho recelvables. Cesh and cash equlvalents Cash and cash equlvalenl8 compri88 cash on hand and call deposlts, and olher short4erni hlghly Ilquid Inve8lments thal are re8dlSy conVertIb￿ io a known amounl of cash and are 8ubJect to an Inslgnlflcent rlsk of thange In value. Page21 Animal Rescue Cumbrla (The Wainwright Shefter) CIO Notes to tha Flnancial Statements for the Year Ended 31 December 2024 (continued) Trad• credltor8 Trade crethtors are obllgallons ts Pay for goods or servl¢es that havé been acqulred In the cfdlnary course of buslness from supplkn Accounts Paya￿& are classlfied as current liabli ities11 the does not have an vnwidfth)rAI rlghL 8t the end of the reporung ￿TIOd, lo defer setdement of the credllor lor al least twelve rnonlhs after the reponiw date. 11 is an uncondilkMal right lo defer selllemenl for al lea¥t tsyelve monlhs after the reporting date. Ily are we3eNed as nOn-￿rren1 Ilabiiitles. Trada credilors are recognlsed Inltlally at ihe Irdnsadbn price a￿1 subsequenty nieasurad al 8morlls8d cost using the effacllve Inieresi melhod. Fund slTucbJre UnrestyT¢ted Ir￿ lunds are g*wal lunds thet are avallalAe use 81 the Irusiees dIWet￿ In furtherance of the ¢Wives ol charlty. Reslrlcied Income funds are those donated use In a partknjlar am or for sp8¢ific PUTposes. the usa of which is reslricted to that area Of PUW. The pem*nent endowmurt fimds represent am¢￿ts given by Alfred waln￿h[ in tho years w) 1992, to tteate a pern￿nent end(hwnwrt fund have been invested to ryeate 8 securè financial baso for charlty In Ihe futtwe. Income on the thmeni fund ts credtted ￿ the general tWKI on recelpi. Penslons and other po81 retiroment obllgatlons The charlty operates a defined Contribu￿ pa￿n Sd￿ which is a pension plan under whlch fixed conlflbudons are paid Into a penslon fund arKI the charity ros no legal or ￿r￿tructIve obligaiion io pay further contrSbutions oven il ￿ ftmd does rM>t Tr￿1 sufflclent assets to pay all employees the benefits relaung to employee service In the Cu￿1 and prfor wlods. Contrlbutkms lo defined conl(#xnbn ￿an5 arn recognised In the Sialanwil of Flnandal Actmtles then Ihey ere due. 11 conlrfoulkn poyments exceed Ihg conlrllxrtkn due for swvlce, the excess Is Flnon¢lal Inslrumenls Fin8ndal assets and finandal IlablNIkn are reCogrdS￿ the tharity becomes a paty to the ntractual prov1$1￿￿ of the kthmenL Flnandal Ilabllllles and aquty Instru￿ are thssified accordlng io the subsiance of the conirKtual arrangements enlered Inlo. An equlty Instrumenl Is any Contra￿ thai evldences a resldual Interest In the 8&8ets of Ihe charity after dedU￿Ing all of ils liabllllle& Animal Rescu8 Cumbrla cfhe Walnwrlght Sheller) CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (contlnued) Rerngnldon andmeasurnment Atl financlal assets and Ilablllttes are Inlllally meastsred al tr8nsacllon prfce (Indudlng tran38cllon cosl8), excepi for those finandal assew classlfied as at falr value through proflt or 1088, whlch are Inltlally measured al falr value (whlch Is nornially Ihe transadlon prfco excludlng Ifansactlon cosls). unless the arrangarnent con8d￿leS a flTrandng tran88Ctlon. If an arrangemenl conslliutes a finendng tr8n88cllon. the flnanclal assel or flnancl81 Ilablllty 1$ measured at the prwnl value ol the future paymen18 dlscounted al a morkei of Iniarnsl for a slmiiar debt Instrument. Flnandal 8&8ets and Ilabllllles are only offset In the stat•ment of fln8ndal posltton when. and only when there exlsts a legally enforceable flght lo set oft the ￿COgnIsed amounts and the charfty Intend$ ellher Io se11￿ on a nel ba818. or lo reall8e the 888et end selue Ihe118blltty 8lmult8neou81y. Flnanclal assets are derecognlsed when and onty when a) the contraciu81 rlGhts lo Ihe cash Ilows from the financl81 asset explre or are seltled. b) Ihe charlty tr8nsler3 to anoiher party 3ubsianllelty all ol the rl$ks 8nd rewards of owner8hlp of Iho financlal 8886t, cr c> Ihe charlty. desplle havlng relalned Some, bul not all, slgnllkanl rfsks and wards of own•r8hlp. h88 transferred control ol the 88set another paty. Flnanclal IlablllU•s are d•recognl8ed only when the obllgaiion Specllled In tho contr8ci18 dljcharged. cancelled or explre8. Inve81ments Inveslmen18 In nonvconvertlble preference sh8r•s and nOn￿ul18b1e ordlnary or prelernnce 8h8re8 (where 8haie8 are publlcty tr8ded or Iholr lalr value18 rellably measurable) are measurad ai falr valuo Ihrough prolit or1088. Where f3lr v8lu8 Gannol be meawred rell?bJy. Invfjsimenty ar• m988uied at coll lesj Imp8lmignL Investrnents In $ubsldl8rles and assoclales are m•asured at cost1888 ImpalmenL For Invoslments In 8ubsldl8rle8 acqulred for con81der8ilon Includlng ihe188ue of 8here8 qU8llfylng for merger rellef, co8118 rneagured by rgference lo the nomlnal valu8 of Ihe shares 158ued plus falr valug of other con8lder8tkn. Any premSum18 Ignored, F￿r value measuremeni The besi evldence of falr value Is a quoted PTlce for an Idenllcal 88881 In an 8cllve markeL When quoled prlces are un8vall8ble, Ihe price of a receni Iransacilon lor an Identlcal a88ei provldej evldonce of18lr value 85 k)ng a? Ihere has not been 8 8lgnlfi¢anl change In econ¢ml¢ clTcumstsnceg or a slgnificant lapse of time slnce Iho trans8Ctlon look place. If the market Is nol aclS¥e and recent transa¢llons of an Idenllcal asset on thelr own are r￿1 a good e8tlmats of falr value. the falr valu018 estjmatad by usln9 a valuallon technlque. Page 23 Anlmal Rescue Cumbria (The Wainvthght Shelter) CIO Notes to the Flnandal Statements for the Year Ended 31 December 2024 (contlnued) 2 Incorne from don8llons and legacles funds General Total 2024 t)Qnallor￿ and leg8des; Donations from ￿￿1¥klUalS Legacios Grants. Indurfffw ca￿181 grants: Grants Ircyn other chariiies 181.273 411.801 181.273 411,801 88.700 88,700 681774 Restrl¢tod funds Tolal 2023 General Oonations and lagades: Donallens from Ini#vldual8 Legaaes Grants, Induthng capllel grants: Grants from othar dwiti 144,677 13.773 144.677 13.773 503.500 3 Income from ¢harttable acim Unrestrlcied funds General Totsl funds Total for 2024 Toial for 2023 4.756 Page 24 Anlmal Rescue Cumbrla (The Walnwrlght Shelter) CIO Note8 to the Flnanclal Ststements for the Year Ended 31 December 2024 {contlnued) 4 Income from other tradlng advltles Unreslrl¢ied fund8 Gener81 Total 2024 Tradlng Income., Shop Income from Sale of donated g¢)od8 and 8or¥lce8 Sales of goods and Se￿Ice3 Other tradlng Incomo Event8 Income; Olher evenls Income Lollerles and compeiklon8 Income 40,249 183,482 7,170 40,249 183.482 7.170 1,681 1,661 272 924 Unrostricied fund8 General Tothi 2023 Tradlno In¢ome: Shop Income Irom sale of donated good8 8nd 8ervk•8 S8108 of goods and seNlc88 Olhar Iradlng Incom8 Even* Incorne., Olher evenl8 Income Lollerle8 and compelltlon8 Income 38.234 156,469 6,254 156,469 8,254 1,650 1,650 S Inve81mgnl Income Unrnstyicted lunds General Total 2024 Tot81 2023 Income from Inveslments; Dlvldends recelvable from other Ilsted Investments Interest on Invaslment8 Inlere81 re￿5¥able and slmllar Income; Inlere8t recelvable on bank depog11s 35.782 137,013 35.782 137,013 67.513 Pago 25 Anlmal Rescue Cumbrfa (The Walnwrlght Shelter) CIO Notes to the Flnandal Statements for the Year Ended 31 December 2024 (continued) 6 Other Income Total 2024 Total 2023 Other Income 31 7 Exp8Nllture on ral8lng funds a) Inve8kn￿l Managwn￿l co Unrostrfded lurtd$ General Endowment lund$ Pemianent Tolal 2024 ljhor Invgstrngnt m8nag8manl cosls: Othor portfollo managamenl COSIS Unreslrlcted lunds Qeftwal Endowm•nt lunds Permanent Toill 2023 Olhgr Inveslmenl management costs; other portfollo managamenl COS1¥ Tolal 2024 Dlrect cos18 Costs ol genernilng and laoaclas Co813 of Iradlng acimues Investment menagemenl cosis Olh•r o)st8 of gen•rnilng funds 3,023 223,890 10,784 3.023 223,890 10,784 266 883 883 Totsl 2023 Cosls of gen•rniing donaikTh and l•gac188 C081s ol Iradlng athltles lrw881m￿I rnanagem￿t cos 2.161 169.102 2.161 169,102 187 873 187 873 Paoe 26 Anlmal Rescue Cumbrla (The Walnwrlght Sheltw) CIO Notes to the Flnanclal Stalements for the Year Ended 31 December 2024 (contlnued) 8 Expendliure on charftabla acllvltles Unrestrlcted funds Genernl Resirlcted funds Tot81 2024 siaff Costs R8105 and ulllltles Insurance Po8tsge and stallonery Advethlng and webslte R8polrs and renawa18 Care ol 8nlmals Moior and Iravel Payroll and HR feol Depreclatlon Flnance chargeg Slaff lrnlnlng Staff wellarg Sundry expen803 Developmenl 185.353 15,642 4,051 1.505 1,521 186,874 15.642 4,051 1,SOS 1.009 11,348 56.263 3,271 2,530 12,016 1.971 1,098 1,095 2,801 10,083 S4,681 3,227 1,285 11.870 1,971 1,098 1,095 2.801 Pag• 27 Anlmal Rescue Cumbrla (The Walnwrfght Shefter) CIO Notes to the Flnancial Ststements for the Year Ended 31 Decemb8r 2024 (contlnued) Total 2023 Gmernl lunds S18ff costs Rale8 and utllllfe8 Insuranca Postage arKI slalknn8ry Advertlslng and webslie Repalrs and renewals Care ol anlmals Motor and trnvel Payroll and HR fee8 Dewedallon Fknance thorgo8 Slaff tr8Snlng Sundry expan888 Doveloprnont 158.035 17323 3,688 3.637 3,628 4,321 33,105 2.818 2,571 12,467 2.303 158,035 17.323 3,637 3,626 4,321 34.605 3,298 2,571 12.660 2,303 1,156 4,750 193 4.750 Acuvlty undertaken dlrecty support C0818 2024 Staff u)8 R8108 8Th1 utllllles Insuran Telephone and othar cos18 Postsgg and Sthdonery Advertlslng Repalrs and renmls Carn of 8nlmals Motor and travel Payroll fee8 Depradallon Flnance charges Staff Iralnlng Developrnenl Sleff Welfare 186.874 15.642 4,051 186,874 15,642 4,051 2,801 1,505 2,801 1.009 11,348 $6,263 3,271 56,263 3.271 2A30 12.016 12,016 1.971 1.098 1.971 360.038 Page 28 Animal Rescue Cumbria (The Walnwright Shelter) CIO Notes to the Financlal Ststements for the Year Ended 31 December 2024 (c(>ntinued) Acuvlty undertaken dlrectly A￿1vIty support costs 2023 Staff costs Rates and utilities Insurance Telephone and other costs Postage and statlonery Advertising Repairs and renevRIs Care of animals Motor and travel Payroll fees Depreciatlon Flnance charges Staff trainlng Development 158,035 17.323 158,035 17.323 3,688 4,750 3,637 3,626 4,321 34.605 3,298 2,571 12,660 2.303 1,156 4,750 3.637 3,626 4.321 34.605 3.298 2,571 12,660 2,303 1.156 135,364 370,450 387 337 9 Analysis of govemance and support costs Govemance costs Unrestrfcted funds General Totsi 2024 Totsi 2023 Audit fees Audit of the financial statements Other fees pald to audltors Legal fees Trustee expenses Cost of trustee meetlngs Accountancy & bookkeeplng 4.290 3.998 4.290 3,998 3,841 143 291 4.990 143 291 4,990 113 Page 29 Animal Rescue Cumbria (rhe Wainwright Shelter) CIO Notes to the Financial Ststements for the Year Ended 31 December 2024 (continued) 10 Trustees remunerallon and expenses During the year the tharity made the following transactions with trustees: G Fraser (Chalr) £112 (2023: £NII) of expenses were relmbursed lo G Fraser (Chair) during the year. S Mawer £31 (2023: £NII) of expenses were reimbursed to S Mawer durlng the year. No trustees have received any other benefits from the charity durlng the year. 11 AudttoKs' remuner81ion 2024 2023 Audit of Ihe financial stateff*nts 12 Staff costs The aggregate payroll costs were as foll0v￿. 2024 2023 Staff costs durfng the year were: Wages and salaries Social security costs Pension costs Other stsff costs 212,911 10,051 3.749 181.052 6,766 3,071 530 191419 The monthly average number of persons (Including senior management I leadership ieam) employed by the charity during the year expressed as full time equivalents was as follows: 2024 No 2023 No Full time Part lime 11 12 8 {2023 - 9) of the above employees participated In ts Defined Contribution Pension Schemes. No employee received emoluments of more than £60.000 during the year The total employee benefits of the key management personnel of the charity were £96.241 (2023 - £87,067). Page 30 AnSmal Rescue Cumbrla cfhe W81rMrlght Shelter) CIO Notes to the Financlal Ststements for the Year Ended 31 December 2024 (contlnued) 13 Penslon and other scheme8 Defined contrlbutlon Pon￿On SCh￿ntr The charlty operales a defined contrfbulion pen8lon scheme. The penslon cost charge for the year represents ¢ontrfl>utlons payablo by the charlly 10 the scheme and amounled to £3.749 (2023 - £3,071). 14 Tax8ilon The charfty Is a feglstered ¢harfty and Is therefore oxempi from taxatlon. 15 Tanglble tlxed assets Land 8nd bulldlngs Fumllure and equlpment Motor vehlcles Total C081 Al 1 January 2024 Addlllons Dlsp¢sals At 31 Decemt*r 2024 366.712 57,382 11,006 31385 456,479 11.006 460.509 Depr￿la110n Al 1 January 2024 Charge for the year Ellminaled on dlsposels At 31 December 2024 121,687 4JQO 47.841 4.453 15,343 4.260 184.871 13.013 125 987 191126 Nel book value At 31 Decgmbor 2024 240 725 269 383 At 31 December 2023 245 025 Page 31 Anlmal Rescue Cumbrfa (rhe Wainwrlght Shelter) CIO Notes to the Flnanclal Ststements for the Year Ended 31 December 2024 (continued) 16 Flxed a888t Inve8knent8 2023 £(A8 feslaled) 3411493 2024 Other Inve8tm8nlS 3 695 631 Olher In￿lments L18ted Invéslm8nts Un118ted Inve$knoni8 Total C08t or Valuallon At l January 2024 Rwaluallon Addllfons Olsposa16 Al 310ecomb8r 2024 1,371,923 15,542 120,859 421091 2,039,570 3,411,493 15.542 689,687 421091 588,828 2 608 398 3 695 631 Net book value Al 31 Deeember 2024 1087 233 2 608 398 3 695 631 Al 31 December 2023 1371923 2039570 3411493 17 Stock 2024 2023 18 Debtor8 2024 2023 Trade debtOf8 Prep8ymen18 Accrued Income VAT recoverable Olher debior8 6.835 975 16,171 204.937 2,966 220 267 19 Cash and Cath wulvalan18 2024 2023 Cash at bgnk 182 381 140 016 Page 32 Anlmal Rescue Cumbrla (The Walnwrlght Shelter) CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (continued) 20 Crodllors: amounts ￿lIng due wlthln one 2024 2023 Trade ¢xedllors Olher laxallon and sodal 8eaNIty Other credllor8 7.166 11.061 5.207 1.661 21 Non•8dJusthy events after the Ilnanclal period Shortly after the year ￿1, the CtHrity C1)M￿ the Pu￿¥$¢ of Htgher R(Mel Fami. near Mllnthorpe, as a new l¢xail¢n lor devdop￿t of an anlmal Shelter. Whllst Some expendllure was Incurred In P124 (surveys, red book valuatlon and some sollchor fees) ts maln gxpendlturn was Incurred In January 2025 arml IrKludod tha £1,050.IXQ purchase prtce, around £8000 shop stock. plus SollcitorlLand Reglstry fees. Anlmal Rescue Cumbrla (The Walnwrlght Shelter) CIO Notes to the Flnandal Statements for the Year Ended 31 December 2024 (continued) 22 Funds Balance Balance at1 other 0131 January Incomlng Resource3 recognlsed December 2024 resources expended Transfersgalnsl{losses) 2024 Unrestrlcted funds General furKI 368,362 1,073.4S3 ($56,641) (10,507) 10,702 885.369 Deslgnaled Fixed assels Slle redevelopment Samuel and Frode Parklrwn Charltable Trust 500 000 271,608 2,364,307 {13.233) 11,007 269,382 2,366,307 2.000 65 000 67 000 11.007 76.598 3 135 915 3 137 324 Total unrestrkted funds 3 504 277 1140 453 633.239 500 10 702 4 022 693 Restrlcted lund8 The R03e Anlmal TTUSI Lambrfgg Parfsh Wlnd Fam Communlty Fund Mlcrochlpplng programme Appeats Anlmal Trust Walker Imal Rescue Found81k)n Animal Welfare Trusi Anlmal Defence TNSI 10,000 10.000 1200 (1,200) (4,311) (2,535) 4,311 2,535 500 (500> 3,000 3,500 (3,000) (3,500) 1.500 Total re6trtCthd funds 8,846 19,700 {14.546) (500) 11,500 Endowment funds Pwfflan•nt endowmenl 327 371 4 840 329 547 Total funds 3838 494 1.160 153 L 15 542 4 363 740 Page 34 Anlmal Rescue Cumbrla rfhe Walnwrfght Shelter) CIO Notes to tho Flnanclal Staiements forthe Year Ended 31 December 2024 (continuad) 88lan Olher 8131 recognlsed Oecember 2023 resources oxpended TransfersgalnslOo8ses) 2023 Unrestrlcted fund8 (leneral fund 304.951 447.168 (429,104) (523) 45.870 368,362 279. 1500,000 (13.787) (135.693) Z11.608 2,364,307 Slte redevelopment Samuel and Freda Palkinson Charltable Trust 500,000 3 135915 149 578.584 Total Unres1￿ lunds 31)84 846 447 168 ￿ 504 977 45 870 3 504,277 Rastslctsd ￿l￿OchIpp1n9 programrne Appeals Mars Food Fund 5.429 {1.118) 4.311 502.000 (500.000) 5.964 503.500 {2,618) (500.000) 6,846 Endowmenl funds Parmanent endty4vmenl Total funds 3 418 721 950668 4977 47791 3838494 Anlmal Rescue Cumbrla (The Walnwrlght Shelter) CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (contlnued) The 8pedfic purposes tor whlch Ihe fund8 are to be &P￿led are as follows: • Samuel and Freda Parkln80n - thls wa8 8 Ioc811y based Trts8t supportlng prfmarfly anlmal ch8rllle8. There w85 an annual round of grant appllcallons and we beneflted from grants of under £10 for some years for spedfi¢ prolecis e.g. purchase of Cabln to 8ccommod8ie 4)n-￿ts shop, creation ol 8 dog playground. After 2023, the Trust ceased glvlng small grnnts as 11 was preparfng to wlnd up and d18￿[96 the remalnlng capltal fundlng. They asked lor capll81 project 8ppllcatlon8 and we were awarded £500k In May 2023 and Ihen £65K final dl8trlbullon In Feb 24. Glven the uncertalniy around our cepllal developmeni projecl and Ihe Trust's wlsh that thefe sh¢)uld be no confuslon after Ihelr closure If our projeci dld noi go 8he8d, the Trusi agre8d thal the capll81 fundlng already gr8nted would bocome unroslrfcled and could be used lor 8nyihlng we wl8hed wlthln Ihe Charlty8 chaill8ble PUKPO888. CleaAy, th18 la eamarked lor the d•v•lopmenl of Mllnthorpe 811e. . Mlcrachlpplng progr8mm•- Th18 wa8 a PToJecl. (unded wtth a grani from Anlm81 Frlends Insur8ncg to provlde for free ml¢xo¢htpplng wllhln Iho ¢ommunlty. • Appe818 - Appee18 Ih8t we undertake 8ra usu81ty In ¢ollaborniion wlth Pets at Home (Sanla Paws Appeal) and Inlernally for vet trealment for 8 speclflc 8nlm81 or we run a Chrf8tnia8 Dlnner appo8110 buy our anmlalg 8 8pacI81 dlnner and pra8ents for Chrl8tm88 Day. Translefs between fvnds represents Iho purchase 01 assets u81ng gran18 glven for Ihat PUfPO8e. Page 36 Anlmal Rescue Cumbrla (The Wainwright Shelter) CIO Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (contlnued) 23 Anatysls of net assets behyeen funds Unreslrf¢ted Endowme Tolal funds 8131 General Doslgnated Resirlcied Pernianent 2024 Tarolble fixed 88setg Flxed ass￿ Invesiments Currenl assets Cuffeni Ibbllllles 269.382 2,864.307 269,383 3.695,631 417,382 $01,777 402,669 329.547 14,713 Toial net assets 3 133 689 4 383 740 Total funds at31 December 2023 Endowmeni funds Pernianeni Unrestrlcted fvnds General Deslgnated Re3tr1cted fvnds Tangible fixed assels Fixed asset invesirnents Currenl assels Currenl118bllllles 271.608 2.864.307 271,608 3,411.493 177,991 219.815 171.145 22.598 327,371 6,846 Tolal not 3 135 915 327 371 3.838 494 24 Related party transacllons There were no ￿lated paty iransaciions In Ihe year. Page 37