Charity registration number: 1159035
## Daneline International Charitable Foundation
Annual Report and Financial Statements for the Year Ended 31 December 2023
## **Daneline International Charitable Foundation**
## **Contents (continued)**
|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 13|
## **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** Alison Mossop - Patron **Senior Management / Leadership** Lissi de Figueiredo **Team** Suzanne Satterley, Treasurer **Charity Registration Number** 1159035 **Principal Office** The Annex Court Garden Thurlbear Taunton Somerset TA3 5BW **Independent Examiner** Theobald & Co Independent examiner 66 Hendford Yeovil Somerset BA20 1UR **Bankers** Barclays Bank PLC Bristol Branch 55 Broadmead BS1 3EA
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 2023.
## **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 8 April 2024 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 Charities (Accounts and Reports) Regulations 2008, 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on 8 April 2024 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 trustees on my examination of the accounts of Daneline International Charitable Foundation for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity 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
66 Hendford Yeovil Somerset BA20 1UR
8 April 2024
Page 4
## **Daneline International Charitable Foundation**
## **Statement of Financial Activities for the Year Ended 31 December 2023**
|**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
15
**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
15|**Unrestricted**
**£**
30,604
24,863
889
56,356
(32,123)
(6,219)
(38,342)
18,014
102,668
120,682
**Unrestricted**
**£**
41,845
27,557
67
69,469
(40,144)
(6,538)
(46,682)
22,787
79,880
102,667|**Total**
**2023**
**£**
30,604
24,863
889|
|---|---|---|
|||56,356|
|||(32,123)
(6,219)|
|||(38,342)|
|||18,014
102,668|
|||120,682|
|||**Total**
**2022**
**£**
41,845
27,557
67|
|||69,469|
|||(40,144)
(6,538)|
|||(46,682)|
|||22,787
79,880|
|||102,667|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 15.
The notes on pages 7 to 13 form an integral part of these financial statements. Page 5
## **Daneline International Charitable Foundation**
## **(Registration number: 1159035) Balance Sheet as at 31 December 2023**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Stocks
11
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
15|**2023**
**£**
528
698
-
119,836
120,534
(380)
120,154
120,682
120,682
120,682|**2022**
**£**
546
560
10,000
91,711|
|---|---|---|
|||102,271
(150)|
|||102,121|
|||102,667|
|||102,667|
|||102,667|
The financial statements on pages 5 to 13 were approved by the trustees, and authorised for issue on 8 April 2024 and signed on their behalf by:
......................................... Elisabeth de Figueredo Trustee
......................................... Mrs Suzanne Satterley Trustee
The notes on pages 7 to 13 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 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **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.
## **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 meetings and reimbursed expenses.
Page 7
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **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**
Computer equipment
**Depreciation method and rate** 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).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **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 discretion in furtherance of the objectives of the charity.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
**Total for 2023**
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
30,604
30,604
41,845|**Total**
**funds**
**£**
30,604|
|---|---|---|
|||30,604|
|||41,845|
Page 8
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **3 Income from charitable activities**
|Income received from dog placements
**Total for 2023**
**Total for 2022**
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**Total for 2023**
**Total for 2022**
**5**
**Expenditure on charitable activities**
**Note**
Governance costs
**Total for 2022**|**Unrestricted**
**funds**
**General**
**£**
24,863
24,863
27,557
**Unrestricted**
**funds**
**General**
**£**
889
889
67
**Unrestricted**
**funds**
**General**
**£**
6,219
6,538|**Total**
**funds**
**£**
24,863|
|---|---|---|
|||24,863|
|||27,557|
|||**Total**
**funds**
**£**
889|
|||889|
|||67|
|||**Total**
**funds**
**£**
6,219|
|||6,538|
|||**Total**
**expenditure**
**£**|
## **6 Trustees remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mrs Suzanne Satterley**
Mrs Suzanne Satterley received remuneration of £2,613 (2022: £2,385) and £1,075 (2022: £1,115) of expenses were reimbursed to Mrs Suzanne Satterley during the year.
## **Elisabeth de Figueredo**
Elisabeth de Figueredo received remuneration of £2,949 (2022: £2,477) and £739 (2022: £1,023) of expenses were reimbursed to Elisabeth de Figueredo during the year.
Page 9
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Other staff costs
The monthly average number of persons (including senior management /
charity during 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|**2023**
**£**
**2022**
**£**
2,059
2,881
leadership team) employed by the
**2023**
**No**
**2022**
**No**
2
2
**2023**
**£**
**2022**
**£**
230
150|**2022**
**£**
2,881|
|||**2022**
**£**
150|
Page 10
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **9 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **10 Tangible fixed assets**
|**Cost**
At 1 January 2023
Additions
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book value**
At 31 December 2023
At 31 December 2022
**11 Stock**
Stocks
**12 Debtors**
Trade debtors
**13 Cash and cash equivalents**
Cash on hand
Cash at bank
Short-term deposits||**Furniture and**
**equipment**
**£**
1,883
158
2,041
1,337
176
1,513
528
546
**2023**
**£**
698
**2023**
**£**
-
**2023**
**£**
30
14,282
105,524
119,836|**Furniture and**
**equipment**
**£**
1,883
158
2,041
1,337
176
1,513
528
546
**2023**
**£**
698
**2023**
**£**
-
**2023**
**£**
30
14,282
105,524
119,836|**Total**
**£**
1,883
158
2,041
1,337
176
1,513
528
546
**2022**
**£**
560|
|---|---|---|---|---|
|||2,041|||
|||1,337
176|||
|||1,513|||
|||528|||
|||546|||
|||**2023**
**£**
698
**2023**
**£**
-
**2023**
**£**
30
14,282
105,524
119,836|||
|||||**2022**
**£**
10,000|
|||||**2022**
**£**
30
20,546
71,135|
|||||91,711|
Page 11
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
## **14 Creditors: amounts falling due within one year**
|Accruals
**15 Funds**
**Unrestricted funds**
General
**Unrestricted funds**
General|**Balance at 1**
**January 2023**
**£**
102,668
**Balance at 1**
**January 2022**
**£**
79,880|**Incoming**
**resources**
**£**
56,356
**Incoming**
**resources**
**£**
69,469|**2023**
**£**
380
**Resources**
**expended**
**£**
(38,342)
**Resources**
**expended**
**£**
(46,682)|**2022**
**£**
150|
|---|---|---|---|---|
|||||**Balance at 31**
**December**
**2023**
**£**
120,682|
|||||**Balance at 31**
**December**
**2022**
**£**
102,667|
## **16 Analysis of net assets between funds**
|**16 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|**Unrestricted**
**funds**
**General**
**£**
528
120,534
(380)
120,682
**Unrestricted**
**funds**
**General**
**£**
546
102,271
(150)
102,667|**Total funds at**
**31 December**
**2023**
**£**
528
120,534
(380)|
|||120,682|
|||**Total funds at**
**31 December**
**2022**
**£**
546
102,271
(150)|
|||102,667|
Page 12
## **Daneline International Charitable Foundation**
## **Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)**
**17 Analysis of net funds**
## **18 Related party transactions**
Page 13
## **Daneline International Charitable Foundation**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023**
|**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**
**2023**
**£**
30,604
24,863
889
56,356
(32,123)
(6,219)
(38,342)
18,014
18,014
102,668
120,682|**Total**
**2022**
**£**
41,845
27,557
67|
|---|---|---|
|||69,469|
|||(40,144)
(6,538)|
|||(46,682)|
|||22,787|
|||22,787
79,880|
|||102,667|
This page does not form part of the statutory financial statements. Page 14
## **Daneline International Charitable Foundation**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023 (continued)**
|**_Donations and legacies_**
Appeals and donations
**_Charitable activities_**
Primary purpose trading
Other
**_Investment income_**
Interest on cash deposits
**_Raising funds_**
Fundraising costs
Opening stock
Closing stock
Trustees fees
Depreciation of office equipment
Computer software and maintenance costs
**_Charitable activities_**
Travelling
Insurance
Use of home as office
Telephone and fax
Printing, postage and stationery
Sundry expenses
Independent examiner's fee|**Total**
**2023**
**£**
30,604
30,604
3,218
21,645
24,863
889
889
(25,906)
(560)
698
(5,563)
(176)
(616)
(32,123)
(2,059)
(581)
(624)
(1,605)
(879)
(241)
(230)
(6,219)|**Total**
**2022**
**£**
41,845|
|---|---|---|
|||41,845|
|||1,822
25,735|
|||27,557|
|||67|
|||67|
|||(34,294)
(525)
560
(4,861)
(182)
(842)|
|||(40,144)|
|||(2,881)
(468)
(624)
(1,458)
(776)
(181)
(150)|
|||(6,538)|
This page does not form part of the statutory financial statements. Page 15