Charity Re8iStrdtion No. 1158323 HAPPY PAWS PUPPY RESCUE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
HAPPY PAWS PUPPY RESCUE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Lisa Smart Michael Tomey Dominque Douglas (Appointed 4 November 2024) Charity number 1158323 Prlnclpal address 213 Kings Drive Eastbourne East Sussex BN212UJ Independent examiner Price & Company 30-32 Gildredge Road Eastbourne East Sussex BN214SH Bankers National Westminster Bank PIC 96 Terminus Road Eastbourne East Sussex BN213LX
HAPPY PAWS PUPPY RESCUE CONTENTS Page Trustees, report Independent examiner's report Statement of f inancia l activities Balance sheet Notes to the f inancia I statements 8-17
HAPPY PAWS PUPPY RESCUE TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report and financial statements for the year ended 31 August 2024. The financial statements have been prepared in accordance with the accounting policies set out in note I to the financial statement5 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 IFRS 1021 leffective l January 20191 Objectives and activities The ch3rity'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 activitie5 the charity should underta ke. Achlevements and performance The last year has been a very busy but very productive We are resculng more and more Goldens who need our help as well as a few setter5 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, thelr 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 very proud to announce the expansion of our kennel space and isolation space to help those who need time to recover The charity is also very proud to announce our fully functional onsite vet centre is playing a major role in our animal welfare journey- providing much needed treatment for many10st souls who need care. 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 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 THEYEAR ENDED 31 AUGUST 2024 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 kenne15 and feeding stations SO these poor souls can get out of the elements and feel safe. Our 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 a5 our supporters join us on our rollercoa5ter of a ride, we will never give up on the breed we all love. Thank you all forjoining us on this wonderful journey. Financlal revlew Gifts and donations received in the year were around £35,000 lower than the previous year, a further £94,760 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 reserve5 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 activitie5 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 a55essed 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 trustee5 who served during the year and up to the date of signature of the financial statements were: Lisa Smart Michael Tomey Vanessa Barden Dominque Douglas (Resigned 31 August 2024} (Appointed 4 November 20241 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 charitv. 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 2024 The tru es, report was approved by the Board of Trustees. Llsa Smart Trustee Dated: 6 June 2025
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 2024. Responsibilitles 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 l am qualified to undertake the examination because l am a member of The Asscociation of Chartered Certified Accountants, which is one of the listed bodles. I have completed my examination, I confirm that no matter5 have come to my attention in connection with the exa mi nation givi ng me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or the financlal statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and content of accounts Set out in the Charlties {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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 Su55ex BN2145H Dated.. 6 June 2025
HAPPY PAWS PUPPY RESCUE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Current financlal year Unrestricted Restricted fund5 funds 2024 2024 Total Total 2024 2023 Notes Income from: Donations and legacies Other trading activities Income from investments 444,917 94,760 13,958 444,917 94,760 13,958 480,570 75,445 4,148 Total Income 553,635 553,635 560,163 nditure on: Raising funds 65,672 65,672 55,141 Charitable activities 471,123 250 471,373 468,713 Total resources expended 536,795 250 537,045 523,854 Net income/(expenditurel for the year/ Net movement in funds 16,840 1250) 16,590 36,309 Fund balances at I September 2023 408,205 1,001 409,206 372,897 Fund balances at 31 August 2024 425,045 751 425,796 409,206 The statement of financial activities includes all gains and losses recognised in the year. 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 2024 Prior financial year Unrestricted Restrlcted funds funds Z023 2023 Total 2023 Notes Income from: Donations and legacies Other trading activities Income from investments 480,570 75,445 4,148 480,570 75,445 4,148 Total income 560,163 560,163 Ex enditure on: Raising funds 55,141 55,141 Charitable activities 468,379 334 468,713 Total resources expended 523,520 334 523,854 Net income/{expenditure) for the year/ Net movement In funds 36,643 (334) 36,309 Fund balances at I September 2022 371,562 1,335 372,897 Fund balances at 31 August 2023 408,205 I,ooi 409,206 The statement of financial activities includes all gains a nd losses recognised in the year. The statement of financial activities includes al I gains a ndlosses recognised in the year. All Income and expenditure derive from continuing activities.
HAPPY PAWS PUPPY RESCUE BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Notes Fixed assets Tangible assets 11 5,314 6,378 Current asset5 Cash at bank and in hand 428,548 412,185 Creditors: amounts falling due within one year Iz 18,066) {9,3571 Net current assets 420,482 402,828 Total assets less current liabilities 425,796 409,206 Net assets excluding pension liability 425,796 409,206 The funds of the charitv Restricted income funds Unrestricted funds 13 751 I,ooi 408,205 425,045 425,796 409,206 The finan 'al statements were approved by the trustees on 6 June 2025 Lisa Smart Trustee
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcies Charity information Happy Paws Puppy Rescue is a Charitable Incorporated Organisation. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's Igoverning 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 I January 20191. 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 IAccounts 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 charitv. 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 i nstruments 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 trustee5 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 or grantors 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 donor5 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 2024 Accounting pollcles (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 Expendlture Expenditure is recognised once there is a legal or constructive obligation to tra nsfer 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, i nclud ing su pport costs involved in undertaking each activity. Direct costs attributable to a single activity are a Ilocated d irectly to that activity. Shared costs wh ich 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 conslstent with the use of resources. Central staff costs a re al located on the basis of time spent, and depreciation charges are allocated on the portion of the asset's Use. Liabi lities are recognised a5 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 comprise5 those costs incurred by the charity in the del ivery 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 resource5, 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 2024 Accounting policles (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost a nd 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 usef u I l ives on the following bases: Computers Motor vehicles 3 years straight line 25D/o reducing balance The gain or105s 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 flxed 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 lif any), 1.8 Cash and cash equlvalents 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. Basicfinancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price includ ing transaction costs and are subsequently ca rried at amort15ed 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 receipt5 discounted 3t a market rate of interest. Fina ncial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recogn i5ed at transaction price unless the arrangement canstitutes 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 c05t, 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 supplier5. Amounts payable are classified a5 current liabilities if payment 15 due within one year or less. If not, they are presented as non-current liabilities. Trade creditor5 are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. io-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting pollcies (Continued) Derecognition of financial liabilities Financial lia bilities are derecogn ised when the charity's contractual obl igations expi re or are discharged or cancelled. 1.9 Employee benefit5 The cost of any unused holiday entitlement is recognised in the period in which the employee's service5 are received. Termination benefits are recogni5ed immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimate5 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 re5uIt5 may differ from these e5timate5. 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, Income from donations and legacies Unre5trlrted funds 2024 Unrestricted funds 2023 Donations and gifts 444,917 480,570 Income from other trading activitles Unrestricted Unrestrirted funds funds 2024 Z023 Social lotteries 94,760 75,445 li-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 13,958 4,148 Expenditure on raising funds Unrestricted Unrestrlcted funds funds 2024 2023 Fundraising and publicity Socia I lotteries Other f undraising costs 30,145 35,527 22,000 33,141 65,672 55,141 12
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expenditure on charitsble activities Animal costs Animal costs 2024 2023 Direct costs Staff costs Depreciation and impairment Transportation of animals Foster and veterinarian fees Pet food Other dog rescue costs Travel, subsistence and mileage Projects Sundry 44,613 1,858 135,592 115,113 29,435 5,549 4,348 107,667 2,024 2,725 2,345 149,363 96.752 40.752 4,166 125.515 3,073 446,199 424,691 Share of support and governan¢e costs (see note 8) Support Governance 21,567 3,607 35,494 8,528 471,373 468,713 Analysis by fund Unrestricted fu nds Restricted funds 471.123 250 468,379 334 471,373 468,713 13-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs Support Governance costs costs 2024 Support Governance costs Costs 2023 Printing, postage and stationery Telephone Website costs Advertising Bank charges Insurance Off ice maintenance 9,814 2,178 18 9,814 2,178 18 17,505 2,523 558 2,220 5,053 360 7,275 17,505 2,523 558 2,220 5,053 360 3,900 4,469 70 1,118 3,900 4,469 70 1,118 7,275 Independent examination fees Legal a nd professional 2,160 1,447 2,160 1,447 2,040 6,488 2,040 6,488 21,567 3,607 25,174 35,494 8,528 44,022 Analysed between Charitable activities 21,567 3,607 25,174 35,494 8,528 44,022 Governance costs includes payments to the auditors of £2,160 12023 £2,040) for independent examination fees, Trustees Lisa Smart, Trustee, wa5 paid a salary of £44,613 (2023.. £2,725) for her work for the charity during the year. 14-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 44,613 2,725 There were no employees whose annual remuneration was more than £60,000. 11 Tangible fixed assets Computers Motor vghicl•s Total Cost At I September 2023 Additions 1,257 794 26,995 28,252 794 At 31 August 2024 2,051 26,995 29,046 Depreciation and impairment At I September 2023 Depreciation charged in the year 1,257 264 20,617 1,594 21,874 1,858 At 31 August 2024 1,521 22,211 23,732 Carrying amount At 31 August 2024 530 4,784 5,314 At 31 August 2023 6,378 6,378 15-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Creditor5: amounts falling due within one year 2024 2023 Other taxation and Social security Accrua15 and deferred income 1,466 6,600 746 8,611 8,066 9,357 13 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Balance at Resources Balance at Resources Balance at expended expended 31 August 2024 September 2022 September 2023 Motor vehicle 1,335 (334) 1,001 (2501 751 1,335 {334) 1,001 {2501 751 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. 16-
HAPPY PAWS PUPPY RESCUE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 14 Analysis of net assets between funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Fund balances at 31 August 2024 are represented by: Tangible assets Current a55ets/{liabilities) 4,563 751 5,314 5,377 1,001 6,378 420,482 420,482 402,828 402,828 425,045 751 425,796 408,205 1,001 409,206 17-