OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Happy Paws Puppy Rescue

2023-08-31-accounts

Charity Registration No. 1158323

HAPPY PAWS PUPPY RESCUE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

HAPPY PAWS PUPPY RESCUE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Lisa Smart
Michael Tomey
Vanessa Barden
Charity number 1158323
Principal address 213 Kings Drive
Eastbourne
East Sussex
BN21 2UJ
Independent examiner Price & Company
30-32 Gildredge Road
Eastbourne
East Sussex
BN21 4SH
Bankers National Westminster Bank Plc
96 Terminus Road
Eastbourne
East Sussex
BN21 3LX

HAPPY PAWS PUPPY RESCUE

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5 - 6
Balance sheet 7
Notes to the financial statements 8 - 18

HAPPY PAWS PUPPY RESCUE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements 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 (FRS 102) (effective 1 January 2019)".

Objectives and activities

The charity's objectives are to promote the care and wellbeing for animals by providing appropriate care, protection, treatment and security for the animals, as well as educating the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The last year has been a very productive and the Happy Paws journey continues

We are rescuing more and more Goldens who need our help as well as a few setters and cocker spaniels.

Our work and reputation continues to grow in Turkey and we are being asked to help more and more. The suffering of these beautiful dogs endure is very hard for the charity to see and we intend to do all we can to assist with their welfare wherever possible. Most rescues are straight forward but some have been very challenging and upsetting. The one thing that remains the same is our dedication to readdress the balance.

All of our golden retrievers have been abandoned, thrown out to fend for themselves or handed to a pound. Supporters of the charity will know just how distressing this can be for them. If they are thrown into public pounds they starve as they cannot fight for food. The cruelty we see on a daily basis is very shocking.

However, once we are alerted to their situation, their lives start to change. All our dogs go straight into foster care and it is really then that the journey begins to a better life. This is all only possible due to the wonderful backing we receive on a daily basis from our amazing supporters and the strong and much improved fundraising initiative which is now in place.

The charity is also very proud that the Happy Paws vet centre is having a major impact on animal welfare

Thanks to many generous fund -raising efforts the vet centre has all the best equipment which is open not only to our dog’s but the local dog population now has access to much needed vet care.

The Happy Paws Paly Park is providing an excellent place for our rescues to enjoy their training programme, socialise and generally have a great time

The spay and neuter programme has been expanded and many more hundreds of unwanted pregnancies are now prevented.

HAPPY PAWS PUPPY RESCUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

As a charity we are so grateful for every donation, every kind comment on Facebook and each gentle word of encouragement. The charities Instagram page, Facebook page and website are spreading the word doing very well, this really does give us the strength to keep fighting for our dog’s futures. Without the support we receive we could not achieve our many happy endings.

As a charity we remain acutely aware of the street dog’s plight in Turkey. The charity has also purchased and distributed many kennels and feeding stations so these poor souls can get out of the elements and feel safe.

The centre in Turkey is doing a wonderful job for all animal welfare and we are very proud of all the people who are involved in the every day running of the centre. When reflecting on our journey, a question we are asked a lot is to sum up in a few words why Happy Paws is successful. Well, we would all say 'love' for the retrievers we rescue, 'respect' for our partner charities and most of all the 'friendship' that we show one another. All these things keep us strong as a team and unwavering in our fight to keep our goldens safe and give them the life they so deserve.

So to the future - as a charity, we never know what is around the corner but one thing we do know is as long as our supporters join us on our rollercoaster of a ride, we will never give up on the breed we all love. Thank you all for joining us on this wonderful journey.

Financial review

Gifts and donations received in the year were around £20,000 lower than the previous year, a further £75,445 of income was generated by way of our lottery.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at least a level equivalent to three month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a Charitable Incorporated Organisation governed by its constitution dated 31 July 2014.

The trustees who served during the year and up to the date of signature of the financial statements were: Lisa Smart Michael Tomey Vanessa Barden

Trustees are recruited by personal recommendation and are appointed by a resolution proposal at a meeting of the charity trustees. Trustees are provided with appropriate training to undertake the role they will occupy within the charity.

The charity is run on a day to day basis by the three trustees with the help of volunteers.

HAPPY PAWS PUPPY RESCUE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

The trustees' report was approved by the Board of Trustees.

Lisa Smart

Trustee Dated: 13 June 2024

HAPPY PAWS PUPPY RESCUE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HAPPY PAWS PUPPY RESCUE

I report to the trustees on my examination of the financial statements of Happy Paws Puppy Rescue (the charity) for the year ended 31 August 2023.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Asscociation of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nathan Coker FCCA Price & Company

30-32 Gildredge Road Eastbourne East Sussex BN21 4SH

Dated: 13 June 2024

HAPPY PAWS PUPPY RESCUE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023

Current financial year

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
480,570
-
Other trading activities
4
75,445
-
Income from investments
5
4,148
-
Total income
560,163
-
Expenditure on:
Raising funds
6
55,141
-
Charitable activities
7
468,379
334
Total resources expended
523,520
334
Net income/(expenditure) for the year/
Net movement in funds
36,643
(334)
Fund balances at 1 September 2022
371,562
1,335
Fund balances at 31 August 2023
408,205
1,001		 Total
2023
£
480,570
75,445
4,148
560,163
55,141
468,713
523,854
36,309
372,897
409,206		 Total
2022
£
500,984
61,904
133
563,021
54,566
478,472
533,038
29,983
342,914
372,897

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

HAPPY PAWS PUPPY RESCUE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023

Prior financial year

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
500,984
-
Other trading activities
4
61,904
-
Income from investments
5
133
-
Total income
563,021
-
Expenditure on:
Raising funds
6
54,566
-
Charitable activities
7
478,027
445
Total resources expended
532,593
445
Net income/(expenditure) for the year/
Net movement in funds
30,428
(445)
Fund balances at 1 September 2021
341,134
1,780
Fund balances at 31 August 2022
371,562
1,335		 Total
2022
£
500,984
61,904
133
563,021
54,566
478,472
533,038
29,983
342,914
372,897

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

HAPPY PAWS PUPPY RESCUE

BALANCE SHEET AS AT 31 AUGUST 2023

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
14
Unrestricted funds		 2023
£
-
412,185
412,185
(9,357)		 £
6,378
402,828
409,206
1,001
408,205
409,206		 2022
£
8,395
362,876
371,271
(7,097)		 £
8,723
364,174
372,897
1,335
371,562
372,897

The financial statements were approved by the Trustees on 13 June 2024

Lisa Smart Trustee

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies

Charity information

Happy Paws Puppy Rescue is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies (Continued)

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies (Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers 3 years straight line Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

1 Accounting policies (Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Donations and gifts 480,570 498,484
General grants - 2,500
480,570 500,984
4 Other trading activities
Unrestricted Total
funds
2023 2022
£ £
Sponsorships and social lotteries 75,445 61,904
5 Income from investments
Unrestricted Total
funds
2023 2022
£ £
Interest receivable 4,148 133

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

6 Raising funds

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Membership schemes and social lotteries 22,000 20,800
Other fundraising costs 33,141 33,766
Fundraising and publicity 55,141 54,566
55,141 54,566

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

7 Charitable activities

Staff costs
Depreciation and impairment
Transportation of animals
Foster and veterinarian fees
Pet food
Travel, subsistence and mileage
Projects
Sundry
Share of support costs (see note 8)
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds		 Animal
costs
2023
£
2,725
2,345
149,363
96,752
40,752
4,166
125,515
3,073
424,691
35,494
8,528
468,713
468,379
334
468,713		 Animal
costs
2022
£
-
3,054
131,302
120,525
52,870
8,067
123,851
971
440,640
28,580
9,252
478,472
478,027
445
478,472

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

8 Support costs

Support
costs
Governance
costs
£
£
Printing, postage and
stationery
17,505
-
Telephone
2,523
-
Website costs
558
-
Advertising
2,220
-
Bank charges
5,053
-
Insurance
360
-
Office rent
-
-
Office maintenance
7,275
-
Audit fees
-
2,040
Legal and professional
-
6,488
35,494
8,528
Analysed between
Charitable activities
35,494
8,528		 2023
Support
costs
Governance
costs
£
£
£
17,505
21,298
-
2,523
2,322
-
558
18
-
2,220
750
-
5,053
2,474
-
360
118
-
-
1,600
-
7,275
-
-
2,040
-
2,040
6,488
-
7,212
44,022
28,580
9,252
44,022
28,580
9,252		 2022
£
21,298
2,322
18
750
2,474
118
1,600
-
2,040
7,212
37,832
37,832

Governance costs includes payments to the auditors of £2,040 (2022 - £2,040) for independent examination fees.

9 Trustees

Lisa Smart, Trustee, was paid a salary of £2,725 (2022: £Nil) for her work for the charity during the year.

Lisa Smart, Trustee, was paid £Nil (2022: 1,600) for use of home and premises as office/storage during the year.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

10 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
1 -
Employment costs 2023 2022
£ £
Wages and salaries 2,725 -
There were no employees whose annual remuneration was more than £60,000.
Tangible fixed assets
Computers Motor vehicles Total
£ £ £
Cost
At 1 September 2022 1,257 26,995 28,252
At 31 August 2023 1,257 26,995 28,252
Depreciation and impairment
At 1 September 2022 1,038 18,491 19,529
Depreciation charged in the year 219 2,126 2,345
At 31 August 2023 1,257 20,617 21,874
Carrying amount
At 31 August 2023 - 6,378 6,378
At 31 August 2022 219 8,504 8,723

11 Tangible fixed assets

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

12
Debtors
Amounts falling due within one year:
Other debtors
13
Creditors: amounts falling due within one year
Other taxation and social security
Accruals and deferred income		 2023
£
-
2023
£
746
8,611
9,357		 2022
£
8,395
2022
£
-
7,097
7,097

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at Resources Balance at Resources Balance at
1 September expended 1 September expended 31 August
2021 2022 2023
£ £ £ £ £
Motor vehicle 1,780 (445) 1,335 (334) 1,001

Purpose of Restricted funds

Motor vehicle

A donation of £10,000 was received in 2016 for the purchase of a motor vehicle. This vehicle was treated as a fixed asset and is depreciated annually.

HAPPY PAWS PUPPY RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

15
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31
August 2023 are
represented by:
Tangible assets
5,377
1,001
Current
assets/(liabilities)
402,828
-
408,205
1,001		 Total Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
6,378
7,388
1,335
402,828
364,174
-
409,206
371,562
1,335		 Total
2022
£
8,723
364,174
372,897