Company Registration Number 09155110
Charity Registration Number 1158157
MALAMUTE MATTERS LIMITED (a company limited by guarantee)
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
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MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
| Pages | |
|---|---|
| Trustees’ Annual Report (including Directors’ Report) | 1 to 3 |
| Chartered Accountant’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
Page 1
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 JULY 2021
The trustees are pleased to present their report, together with the unaudited financial statements of the charitable company (the charity) for the year ended 31 July 2021.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
REFERENCE AND ADMINISTRATIVE INFORMATION
| Charity Name: | Malamute Matters Limited |
|---|---|
| Company Registration No: | 09155110 |
| Charity Registration No: | 1158157 |
| Registered Office: | 4 Nursery Avenue |
| Sandiacre | |
| Nottingham | |
| NG10 5HG | |
| Trustees/Directors: | D.M. Fido |
| D. Kensey | |
| K.L. Holding | |
| Accountants: | Baines Jewitt Limited |
| Barrington House | |
| 41-45 Yarm Lane | |
| Stockton-on-Tees | |
| TS18 3EA | |
| Bankers: | Barclays Bank plc |
| Market Place | |
| Town Centre | |
| Leicester | |
| Leicestershire | |
| LE87 2BB |
Page 2
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 JULY 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Malamute Matters Limited is a company limited by guarantee, governed by a Memorandum and Articles of Association dated 31 July 2014. It was registered with the Charity Commission with effect from 7 August 2014.
Recruitment and Appointment of Trustees
The initial members of the charity were the subscribers to the Memorandum of Association. New members are appointed by the Board.
In relation to the Companies Act 2006, members are also directors of the limited company.
Day to Day Management
The management and administration of the charity is under the control of the trustees who meet as and when required and are also responsible for the day to day operations.
OBJECTIVES AND ACTIVITIES
In accordance with the Articles of Association:
“The charity’s objects are specifically related to the benefit of the public to care for and relieve the suffering of dogs and educate the public in matters pertaining to animal welfare in general and prevention of cruelty and suffering amongst dogs.”
The trustees have complied with their duty to have due regard to public benefit in exercising their powers and in ensuring the delivery of Malamute Matters Limited’s services.
ACHIEVEMENTS AND PERFORMANCE
This year has still been turbulent for charities and fundraising groups due to the lingering pandemic so we have concentrated mainly on online sales and fundraising within our online Malamute Matters Facebook pages, for example by running online quizzes, competitions and auctions.
However, after not being able to attend live dog shows last year, we have managed this year to attend quite a few therefore raising funds and making the public aware of ourselves, thus being able to raise money towards rescuing not one but two dogs from the meat market in China (this will also be ongoing into the next financial year). Our Treasurer, Secretary and numerous volunteers were visited by four contestants from a reality TV show who were attracted by the fact that we not only ran an awareness/fundraising stall but were involved in Temptation Alley and organised an egg and spoon race for dogs and their owners which the contestants were keen to be involved in! (We are going to be on MTV … this could potentially raise the profile of the charity.)
Overall, we have kept ourselves busy and productive and have been able to financially fund the rescue and treatment of dogs worldwide.
FINANCIAL REVIEW AND RESERVES
As reflected in the Statement of Financial Activities, the charity had net outgoing resources for the year of £997 (2020: net incoming resources of £2,842). The trustees are hopeful that further funding will be available to support the charity’s ongoing projects and are satisfied with the modest level of reserves. An appropriate minimum level of cashbacked unrestricted funds is still to be considered and formally agreed in due course, once the charity’s activities are more established.
Page 3
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
TRUSTEES’ ANNUAL REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 JULY 2021
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the trustees on 23 April 2022 and signed on their behalf by:
D.M. Fido Trustee
Page 4
CHARTERED ACCOUNTANT’S REPORT TO THE TRUSTEES OF MALAMUTE MATTERS LIMITED
(A Company Limited by Guarantee)
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Malamute Matters Limited for the year ended 31 July 2021 as set out on pages 5 to 12, from the charitable company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject - to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations standards-and-guidance/
This report is made solely to the Board of Directors/Trustees of Malamute Matters Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Malamute Matters Limited and state those matters that we have agreed to state to the Board of Directors/Trustees of Malamute Matters Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Malamute Matters Limited and its Board of Directors/Trustees as a body for our work or for this report.
It is your duty to ensure that Malamute Matters Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit/loss of Malamute Matters Limited. You consider that Malamute Matters Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Malamute Matters Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Baines Jewitt
Baines Jewitt Limited Chartered Accountants Barrington House 41-45 Yarm Lane Stockton-on-Tees TS18 3EA
Dated: 26 April 2022
JL/AJD
Page 5
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2021
| Unrestricted Funds | Unrestricted Funds | Restricted | Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| Note | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | £ | ||
| INCOMING RESOURCES | |||||||
| Income and Endowments from: | |||||||
| Donations and legacies | 2(a) | 14,877 | 11,687 | 3,196 | 599 | 18,073 | 12,286 |
| Other trading activities | 2(b) | 5,778 | 5,410 | - | - | 5,778 | 5,410 |
| Other income | 120 | - | - | - | 120 | - | |
| ______ | ______ | _____ | _____ | ______ | ______ | ||
| TOTAL INCOMING RESOURCES | 20,775 | 17,097 | 3,196 | 599 | 23,971 | 17,696 | |
| --------- | --------- | ------- | ------- | --------- | --------- | ||
| RESOURCES EXPENDED | |||||||
| Expenditure on: | |||||||
| Raising funds | 3 | 5,066 | 2,985 | - | - | 5,066 | 2,985 |
| Charitable activities | 4 | 16,706 | 11,265 | 3,196 | 604 | 19,902 | 11,869 |
| ______ | ______ | _____ | _____ | ______ | ______ | ||
| TOTAL RESOURCES EXPENDED | 21,772 | 14,250 | 3,196 | 604 | 24,968 | 14,854 | |
| --------- | --------- | ------- | ------- | --------- | --------- | ||
| Net Incoming/(Outgoing) Resources | |||||||
| before Transfers | (997) | 2,847 | - | (5) | (997) | 2,842 | |
| Gross Transfers Between Funds | - | - | - | - | - | - | |
| _____ | _____ | _____ | _____ | _____ | _____ | ||
| Net Movement in Funds | (997) | 2,847 | - | (5) | (997) | 2,842 | |
| Reconciliation of Funds: | |||||||
| Total funds brought forward | 8,927 | 6,080 | - | 5 | 8,927 | 6,085 | |
| _____ | _____ | _____ | _____ | _____ | _____ | ||
| TOTAL FUNDS CARRIED FORWARD | 12&13 | 7,930 | 8,927 | - | - | 7,930 | 8,927 |
| ====== | ====== | ====== | ====== | ====== | ====== |
The Statement of Financial Activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
The notes on pages 7 to 12 form part of these financial statements
Page 6
MALAMUTE MATTERS LIMITED
(a company limited by guarantee) Company Registration Number 09155110
BALANCE SHEET 31 JULY 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 10 | 317 | 373 | ||
| CURRENT ASSETS | |||||
| Stock | 6,000 | 6,079 | |||
| Debtors | - | - | |||
| Cash at bank and in hand | 3,503 | 4,239 | |||
| __ | __ | ||||
| 9,503 | 10,318 | ||||
| CREDITORS: | |||||
| Amounts falling due within one year | 11 | (1,890) | (1,764) | ||
| __ | __ | ||||
| NET CURRENT ASSETS | 7,613 | 8,554 | |||
| __ | __ | ||||
| NET ASSETS | 12 & 13 | 7,930 | 8,927 | ||
| ======= | ======= | ||||
| FUNDS | |||||
| Unrestricted funds | 7,930 | 8,927 | |||
| Restricted funds | - | - | |||
| __ | __ | ||||
| TOTAL FUNDS | 12 & 13 | 7,930 | 8,927 | ||
| ======= | ======= |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
For the year ending 31 July 2021 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements were approved and authorised for issue by the Board on 23 April 2022
Signed on behalf of the Board of Directors:
D.M. Fido Trustee
The notes on pages 7 to 12 form part of these financial statements
Page 7
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
1. ACCOUNTING POLICIES
(a) General Information and Basis of Preparation
Malamute Matters Limited is a private company limited by guarantee registered in England. 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. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activity is to care for and relieve the suffering of dogs and educate the public in matters pertaining to animal welfare in general and prevention of cruelty and suffering amongst dogs.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
(b) Incoming Resources
Income received by way of grants and donations is included in the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably, and it is probable that the income will be received.
Income from the sale of goods is included in the Statement of Financial Activities when an order has been placed.
Donated goods for resale are included as incoming resources when they are sold.
(c) Resources Expended
Resources expended are recognised in the year in which they are incurred and are shown inclusive of any attributable VAT, which cannot be recovered.
(d) Donations Payable
Donations payable are accounted for when the directors have accepted a legal or moral obligation to make a donation.
(e) Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation and are capitalised if they cost at least £500. Depreciation is provided at the following annual rates so as to write off the cost, less estimated residual value, of fixed assets over their expected useful lives:
Fixtures, fittings and equipment - 15% reducing balance
Page 8
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
1. ACCOUNTING POLICIES (Continued)
(f) Stock
Stock is valued at the lower of cost and net realisable value after taking into account slow moving items.
(g) Financial Instruments
The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method.
Financial assets held at amortised cost comprise cash at bank, together with trade and other debtors. Financial liabilities held at amortised cost comprise trade and other creditors.
(h) Unrestricted and Restricted Funds
Unrestricted funds comprise income received or generated by reference to the general objects of the charity without further specified purpose. Such funds may however be designated by the trustees for specific purposes from time to time.
Restricted funds are those donated for a specified purpose as laid down by the donor or as a result of a specific appeal or application. Such funds are kept separate from the unrestricted funds of the charity and only related expenditure is charged against them.
2. INCOME FROM CHARITABLE ACTIVITIES
| (a) | Donations and Legacies | Unrestricted Funds | Unrestricted Funds | Restricted | Funds | Total | Funds |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | |||
| Grants and donations | 14,877 | 11,687 | 3,196 | 599 | 18,073 | 12,286 | |
| ======== | ======== | ======= | ======= | ======== | ======== | ||
| (b) | Other Trading Activities | Unrestricted Funds | Restricted | Funds | Total | Funds | |
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | £ | ||
| Merchandise sales | 5,778 | 5,410 | - | - | 5,778 | 5,410 | |
| ======= | ======= | ======= | ======= | ======= | ======= |
The charity benefits from the involvement and enthusiastic support of its volunteers. In accordance with accounting standards, the economic contribution of general volunteers is not measured in the accounts.
3. ANALYSIS OF EXPENDITURE ON RAISING FUNDS
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Cost of goods sold (adjusted for stocks) | 5,066 | 2,985 | - | - | 5,066 | 2,985 |
| ======= | ======= | ======= | ======= | ======= | ======= |
Page 9
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
4. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted Funds | Unrestricted Funds | Restricted | Funds | Total | Funds | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts - see note 9 | 10,162 | 5,255 | 3,196 | 604 | 13,358 | 5,859 |
| Distribution, postage and stationery | 1,798 | 1,436 | - | - | 1,798 | 1,436 |
| Insurance | 325 | 519 | - | - | 325 | 519 |
| Competition winnings | 307 | 299 | - | - | 307 | 299 |
| Subscriptions | 128 | 402 | - | - | 128 | 402 |
| Sundries | 690 | 1,012 | - | - | 690 | 1,012 |
| Bank charges | 182 | 250 | - | - | 182 | 250 |
| Show costs | 472 | - | - | - | 472 | - |
| Travel expenses | 355 | 58 | - | - | 355 | 58 |
| Advertising | 305 | - | - | - | 305 | - |
| Depreciation | 56 | 66 | - | - | 56 | 66 |
| Governance costs - see note 5 | 1,926 | 1,968 | - | - | 1,926 | 1,968 |
| ___ | ___ | __ | __ | ___ | ___ | |
| Total Resources Expended | 16,706 | 11,265 | 3,196 | 604 | 19,902 | 11,869 |
| ======== | ======== | ======= | ======= | ======== | ======== |
5. ANALYSIS OF GOVERNANCE COSTS
| Total | Funds | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Accountancy (including £36 (2020: £204) under-provision re previous year) | 1,926 | 1,968 | |
| ======= | ======= | ||
| 6. | NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR | ||
| 2021 | 2020 | ||
| This is stated after charging: | £ | £ | |
| Depreciation | 56 | 66 | |
| Accountant’s fee | 1,890 | 1,764 | |
| - under-provision re previous year | 36 | 204 | |
| ======= | ======= |
7. TRUSTEES REMUNERATION
Three trustees were reimbursed £877.08 (2020: £447.19) in respect of travel expenses and postage during the year.
Other than the above, no remuneration was paid to any trustee or to any person connected with them.
8. TAXATION
HM Revenue & Customs Charities Division have approved the charitable status of Malamute Matters Limited and its income is therefore exempt from tax, under Sections 505 and 506 of the Taxes Act 1988, provided that it is applied for charitable purposes only.
Page 10
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
9. DONATIONS AND GIFTS PAID
| 9. | DONATIONS AND GIFTS PAID | |
|---|---|---|
| 2021 | ||
| Institutional and Personal Donations | £ | |
| 8 Below Husky Rescue | 100 | |
| Artics Legacy | 100 | |
| Arundawn Dog Rescue | 100 | |
| Ffion Edwards - sponsor | 103 | |
| Great Bulls of China | 6,934 | |
| Helping Yorkshire | 100 | |
| Howls for Help | 100 | |
| Husky Rescueire | 100 | |
| Just Giving | 100 | |
| Kentucky Humane | 100 | |
| Lisa Marsh - sponsor | 125 | |
| Niall Leicester | 50 | |
| Radar Rescue | 100 | |
| Rescue Dogs Rock | 633 | |
| Second Chance Rescue Animal Rescue | 200 | |
| S.H.A.R.E. Rescue | 200 | |
| Shenandoah Shepherd Rescue | 178 | |
| Stray Dog Support Inc. | 108 | |
| Texas Alasan Ma | 172 | |
| This is Houston | 3,110 | |
| Tyrone Husky Rescue | 100 | |
| Wonky Pets Rescue | 75 | |
| Miscellaneous | 285 | |
| Ms. Crafty Creatures | 185 | |
| ___ | ||
| 13,358 | ||
| ======== | ||
| 10. | TANGIBLE FIXED ASSETS | Fixtures |
| Fittings & | ||
| Equipment | ||
| £ | ||
| Cost | ||
| At 1 August 2020 and 31 July 2021 | 990 | |
| ===== | ||
| Accumulated Depreciation | ||
| At 1 August 2020 | 617 | |
| Charge for year | 56 | |
| _____ | ||
| At 31 July 2021 | 673 | |
| ===== | ||
| Net Book Value | ||
| At 31 July 2020 | 373 | |
| ===== | ||
| At 31 July 2021 | 317 | |
| ===== |
Page 11
(a company limited by guarantee)
MALAMUTE MATTERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors and accruals
| 2021 | 2020 |
|---|---|
| £ | £ |
| 1,890 | 1,764 |
| ======= | ======= |
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | at 31.7.21 | |
| £ | £ | £ | |
| Tangible fixed assets | 317 | - | 317 |
| Net current assets | 7,613 | - | 7,613 |
| __ | ____ | __ | |
| 7,930 | - | 7,930 | |
| ======= | ==== | ======= |
| 13. | MOVEMENT IN FUNDS | Transfer | ||||
|---|---|---|---|---|---|---|
| At | Between | At | ||||
| 01.08.20 | Income | Expenditure | Funds | 31.07.21 | ||
| £ | £ | £ | £ | £ | ||
| Unrestricted Funds | ||||||
| General | 8,927 | 20,775 | 21,772 | - | 7,930 | |
| ======= | ======== | ======== | ====== | ======= | ||
| Restricted Funds | ||||||
| Jake | - | 10 | 10 | - | - | |
| Riley | - | 25 | 25 | - | - | |
| Ethan | - | 15 | 15 | - | - | |
| Nala | - | 35 | 35 | - | - | |
| Ziva | - | 2,183 | 2,183 | - | - | |
| Blaize | - | 908 | 908 | - | - | |
| Rex | - | 20 | 20 | - | - | |
| _____ | __ | __ | ______ | _____ | ||
| - | 3,196 | 3,196 | - | - | ||
| ===== | ======= | ======= | ====== | ===== | ||
| Total Funds | 8,927 | 23,971 | 24,968 | - | 7,930 | |
| ======= | ======== | ======== | ====== | ======= |
Restricted Funds:
All of the restricted donations, except for those listed below, were funding towards vet fees.
Ziva - sponsorship.
Blaize - rescue from Beijing meat market.
14. CONTROLLING PARTY
Throughout the year under review the charity was under the control of the Board of Trustees.
15. RELATED PARTY TRANSACTIONS
Unrestricted donations received from trustees during the year under review amounted to £1 (2020: £85).
Page 12
MALAMUTE MATTERS LIMITED
(a company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
16 . FINANCIAL INSTRUMENTS
The carrying amounts of the charity’s financial instruments are as follows:
| Financial Assets | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Debt instruments measured at amortised cost: | ||
| - Cash at bank and in hand | 3,503 | 4,239 |
| ======= | ======= | |
| Financial Liabilities | ||
| Measured at amortised cost: | ||
| - Accruals and deferred income | 1,890 | 1,764 |
| ======= | ======= |