Charity registration number: 1159035
## Daneline International Charitable Foundation
Annual Report and Financial Statements for the Year Ended 31 December 2020
## **Daneline International Charitable Foundation**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2|
|Statement of Trustees' Responsibilities|3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 12|
## **Daneline International Charitable Foundation**
## **Reference and Administrative Details**
**Trustees** Elisabeth de Figueredo Mrs Suzanne Satterley Ms Susan Ann Garnett Mr Matthew Cripps Mrs Cerise Reed **Other Officers** Julia Fish, Patron **Senior Management Team** Lissi de Figueiredo Suzanne Satterley, Treasurer **Principal Office** The Annex Court Garden Thurlbear Taunton Somerset TA3 5BW **Charity Registration Number** 1159035 **Bankers** Barclays Bank PLC Bristol Branch 55 Broadmead BS1 3EA **Independent Examiner** Theobald & Co Independent examiner 3 Trilogy House Boundary Way Lufton Trading Estate Yeovil Somerset BA22 8HZ
Page 1
## **Daneline International Charitable Foundation**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.
## **Objectives and activities**
## _**Objects and aims**_
To continue with all our principle activities To increase the number of foster homes To continue networking with other general rescue centres Look into and apply for grants To donate monies towards appropriate scientific research in the U.K.
To investigate the possibilities of an investment into purchasing a suitable property in the U.K.
## _**Objectives, strategies and activities**_
To Take in Great Danes and cross Danes in need of being rehomed irrespective of age or health issues Assess all dogs in foster homes for behavioural and or health problems
Full support given to all foster homes via phone or visit To neuter when possible
All new potential homes to be home checked and photographs of their home and garden to be provided Once a suitable match has been identified, continuous support will be given to the new owners All helpers and volunteers and all their expenses will be paid upon receipt Daneline will provide assistance and help for Great Danes in other countries
## _**Public benefit**_
The Trustees have had due regard to the Charity Commission guidance on public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity was set up by way of a trust deed dated 29th October 2014
The annual report was approved by the trustees of the charity on 26 October 2021 and signed on its behalf by:
......................................... Elisabeth de Figueredo Trustee
......................................... Mrs Suzanne Satterley Trustee
Page 2
## **Daneline International Charitable Foundation**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 26 October 2021 and signed on its behalf by:
......................................... Elisabeth de Figueredo Trustee
......................................... Mrs Suzanne Satterley Trustee
Page 3
## **Daneline International Charitable Foundation**
## **Independent Examiner's Report to the trustees of Daneline International Charitable Foundation**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 5 to 12.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Daneline International Charitable Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Daneline International Charitable Foundation's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Daneline International Charitable Foundation as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (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 accounts to be reached.
...................................... C Theobald Independent examiner
3 Trilogy House Boundary Way Lufton Trading Estate Yeovil Somerset BA22 8HZ
26 October 2021
Page 4
## **Daneline International Charitable Foundation**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14
**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Investment income
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
14|**Unrestricted**
**£**
44,853
23,662
21
68,536
(25,032)
(5,843)
(30,875)
37,661
32,509
70,170
**Unrestricted**
**£**
31,738
13,291
31
45,060
(25,676)
(5,534)
(31,210)
13,850
18,659
32,509|**Total**
**2020**
**£**
44,853
23,662
21|
|---|---|---|
|||68,536|
|||(25,032)
(5,843)|
|||(30,875)|
|||37,661
32,509|
|||70,170|
|||**Total**
**2019**
**£**
31,738
13,291
31|
|||45,060|
|||(25,676)
(5,534)|
|||(31,210)|
|||13,850
18,659|
|||32,509|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 14.
The notes on pages 7 to 12 form an integral part of these financial statements. Page 5
## **Daneline International Charitable Foundation**
## **(Registration number: 1159035) Balance Sheet as at 31 December 2020**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
11
Cash at bank and in hand
12
**Creditors: Amounts falling due within one year**
13
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
14|**2020**
**£**
704
270
69,316
69,586
(120)
69,466
70,170
70,170
70,170|**2019**
**£**
789
546
31,414|
|---|---|---|
|||31,960
(240)|
|||31,720|
|||32,509|
|||32,509|
|||32,509|
The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on 26 October 2021 and signed on their behalf by:
......................................... Elisabeth de Figueredo Trustee
......................................... Mrs Suzanne Satterley Trustee
The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Accounting policies**
## **Statement of compliance**
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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Daneline International Charitable Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 7
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Support costs**
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.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
## **Asset class Depreciation method and rate** Computer equipment 25% reducing balance basis
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
**Total for 2020**
**Total for 2019**
Page 8|**Unrestricted**
**funds**
**General**
**£**
44,853
44,853
31,738|**Total**
**funds**
**£**
44,853|
|---|---|---|
|||44,853|
|||31,738|
||||
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **3 Income from charitable activities**
## **4 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2020**
**Total for 2019**
**5**
**Expenditure on charitable activities**
**Note**
Governance costs
**Total for 2019**|**Unrestricted**
**funds**
**General**
**£**
21
21
31
**Unrestricted**
**funds**
**General**
**£**
5,843
5,534|**Total**
**funds**
**£**
21|
|---|---|---|
|||21|
|||31|
|||**Total**
**funds**
**£**
5,843|
|||5,534|
|||**Total**
**expenditure**
**£**|
## **6 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Elisabeth de Figueredo**
Elisabeth de Figueredo received remuneration of £2,852 (2019: £3,247) during the year.
## **Mrs Suzanne Satterley**
Mrs Suzanne Satterley received remuneration of £2,147 (2019: £3,097) during the year.
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Other staff costs|**2020**
**£**
2,204|**2019**
**£**
1,387|
|---|---|---|
Page 9
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:
|the year expressed as full time equivalents was as follows:|||
|---|---|---|
|Trustees Honorarium
No employee received emoluments of more than £60,000 during the year
**8**
**Independent examiner's remuneration**
Examination of the financial statements|**2020**
**No**
2
**2020**
**£**
120|**2019**
**No**
2|
|||**2019**
**£**
120|
Page 10
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Tangible fixed assets**
|**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**11 Stock**
Stocks
The cost of stock recognised as an expense in the year amounted to £270 (2019
**12 Cash and cash equivalents**
Cash at bank
Short-term deposits
**13 Creditors: amounts falling due within one year**
Accruals||**Furniture and**
**equipment**
**£**
1,533
150
1,683
744
235
979
704
789
**2020**
**£**
270
- £546).
**2020**
**£**
11,254
58,062
69,316
**2020**
**£**
120|**Furniture and**
**equipment**
**£**
1,533
150
1,683
744
235
979
704
789
**2020**
**£**
270
- £546).
**2020**
**£**
11,254
58,062
69,316
**2020**
**£**
120|**Total**
**£**
1,533
150
1,683
744
235
979
704
789
**2019**
**£**
546|
|---|---|---|---|---|
|||1,683|||
|||744
235|||
|||979|||
|||704|||
|||789|||
|||**2020**
**£**
270
- £546).
**2020**
**£**
11,254
58,062
69,316
**2020**
**£**
120|||
|||||**2019**
**£**
6,372
25,042|
|||||31,414|
|||||**2019**
**£**
240|
Accruals
Page 11
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
|**14 Funds**
**Balance at 1**
**January 2020**
**£**
**Unrestricted funds**
General
32,509
**Balance at 1**
**January 2019**
**£**
**Unrestricted funds**
General
18,659
**15 Analysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Incoming**
**resources**
**£**
68,536
**Incoming**
**resources**
**£**
45,060|**Resources**
**expended**
**£**
(30,875)
**Resources**
**expended**
**£**
(31,210)
**Unrestricted**
**funds**
**General**
**£**
704
69,586
(120)
70,170
**Unrestricted**
**funds**
**General**
**£**
789
31,960
(240)
32,509|**Balance at 31**
**December**
**2020**
**£**
70,170|
|---|---|---|---|
||||**Balance at 31**
**December**
**2019**
**£**
32,509|
||||**Total funds at**
**31 December**
**2020**
**£**
704
69,586
(120)|
||||70,170|
||||**Total funds at**
**31 December**
**2019**
**£**
789
31,960
(240)|
||||32,509|
## **16 Analysis of net funds**
Page 12
## **Daneline International Charitable Foundation**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|**Income and Endowments from:**
Donations and legacies (analysed below)
Charitable activities (analysed below)
Investment income (analysed below)
Total income
**Expenditure on:**
Raising funds (analysed below)
Charitable activities (analysed below)
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Total**
**2020**
**£**
44,853
23,662
21
68,536
(25,032)
(5,843)
(30,875)
37,661
37,661
32,509
70,170|**Total**
**2019**
**£**
31,738
13,291
31|
|---|---|---|
|||45,060|
|||(25,676)
(5,534)|
|||(31,210)|
|||13,850|
|||13,850
18,659|
|||32,509|
This page does not form part of the statutory financial statements. Page 13
## **Daneline International Charitable Foundation**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Primary purpose trading
Grants receivable
Other
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
Opening stock
Closing stock
Closing stock
Trustees fees
Depreciation of office equipment
Staff training
**_Charitable activities_**
Travelling
Insurance
Use of home as office
Equipment repairs and renewals
Telephone and fax
Printing, postage and stationery
Sundry expenses
Advertising
Independent examiner's fee|**Total**
**2020**
**£**
44,853
44,853
812
-
22,850
23,662
21
21
(19,522)
(546)
-
270
(4,999)
(235)
-
(25,032)
(2,204)
(339)
(624)
-
(1,482)
(610)
(67)
(397)
(120)
(5,843)|**Total**
**2019**
**£**
31,738|
|---|---|---|
|||31,738|
|||378
1,500
11,413|
|||13,291|
|||31|
|||31|
|||(18,977)
(588)
546
-
(6,344)
(263)
(50)|
|||(25,676)|
|||(1,387)
(334)
(156)
(21)
(1,959)
(663)
(81)
(813)
(120)|
|||(5,534)|
This page does not form part of the statutory financial statements. Page 14