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2023-05-31-accounts

REGISTERED COMPANY NUMBER: CE003784 (England and Wales) REGISTERED CHARITY NUMBER: 1161037

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE THIRTEEN MONTHS ENDED

31 May 2023

ROMANIAN RESCUE APPEAL

ROMANIAN RESCUE APPEAL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE THIRTEEN MONTHS ENDED 31 MAY 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13

ROMANIAN RESCUE APPEAL

REPORT OF THE TRUSTEES FOR THE THIRTEEN MONTHS ENDED 31 MAY 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period ended 31 May 2023. The trustees have adopted the provisions of 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 known by its working name of RRA.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity aims to promote humane behaviour towards dogs in Romania by providing appropriate care, protection, treatment and security for dogs which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage.

It also aims to carry out neutering campaigns to control the size of the stray population in Romania and reduce the incidence of danger to public health and risk to animals, educate the public in matters pertaining to dog welfare in general and the prevention of cruelty and suffering of dogs and work closely with private organisations and local administrations in Romania to establish policies and promote positive standards for the care of dogs.

Significant activities

The charity has continued to work hard to offer safe shelter to the dogs in its care, treat any ailments and ensure vaccination against rabies and other common and deadly canine ailments thereby reducing the risk of the spread of these diseases to both humans and other animals, including wildlife.

The charity has spayed / neutered dogs in its care helping to reduce the current and future population in its shelter and in private foster in Romania.

During the year DEFRA imposed a ban on the import of rescue animals originating from Romania to the UK, along with those from 3 other countries. This ban came to an end in November 2022 but severely impacted adoptions of our animals during the year.

Despite this, the charity has continued to attract applications for the adoption of its dogs from the general public via social media, its website and third-party platforms. Unfortunately, the worsened general financial climate has impacted the affordability of pets for the general public, resulting in a decreased number of applications and adoptions both during and post year end.

The board is thankful to its volunteers and supporters, old and new, for their support, donations and positive contributions to the activities of the charity.

Page 1

ROMANIAN RESCUE APPEAL

REPORT OF THE TRUSTEES FOR THE THIRTEEN MONTHS ENDED

31 MAY 2023

OBJECTIVES AND ACTIVITIES

Public benefit

Each year the trustees review the objectives and aims of the charity to ensure they continue to reflect their aims and provide public benefit. The trustees are more than satisfied that they do.

FINANCIAL REVIEW

Principal funding sources

The general economic climate in the UK and Romania has been impacted by a wide-spread underinvestment in public infrastructure and social welfare as a consequence of the large investment in the furlough scheme or similar measures aimed at curbing the economic downturn caused by the covid-19 pandemic. As a consequence, fundraising efforts have been negatively impacted and resulted in considerably smaller amounts being achieved through each source. Shortfalls between income and expenditure have been covered by generous donations from members of the Board and a much more concerted fundraising effort which has truthfully described the negative downturn in income for the charity.

RRA's principal source of funding has continued to be from public donations. The restrictions imposed in both the UK and Romania have not allowed for fundraising events to take place hence impacting the income of the charity.

More digital initiatives took place once the Board had a chance to research and agree on a communications approach with a focus on appealing for funds to support both operational expenditure and capital expenditure aimed at the medium and long term reduction of running costs.

As mentioned above, the international transport of dogs and cats from Romania to the UK has assisted with the charitable objectives, and contributed towards the running costs of the charity.

Gift Aid claims continue to form a vital part of funding for RRA at the current time.

Reserves policy

Ideally the trustees would like to be able to keep a reserve in the bank account of £20,000 at a moment in time, to ensure dogs safety in the event of donations / income decreasing.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The constitution was adopted on 1 December 2014.

Recruitment and appointment of new trustees

Trustees are appointed or reappointed annually at the Annual General Meeting.

Organisational structure

The charity is run in the UK entirely by volunteers, These volunteers and the trustees give their time freely receiving no remuneration or other benefits.

RRA is a member of a nationwide home checking group and ensures that all potential homes for the dogs are thoroughly checked prior to an adoption being accepted to ensure suitablility and the safety of both the potential adopter and their families and the dog being rehomed.

RRA provides full back up should any adoption fail for whatever reason.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

CE003784 (England and Wales)

Registered Charity number

1161037

Page 2

ROMANIAN RESCUE APPEAL

REPORT OF THE TRUSTEES FOR THE THIRTEEN MONTHS ENDED 31 MAY 2023

Registered office 3rd Floor 166 Upper Richmond Road London SW15 2SH

Trustees

Mrs D Wells (appointed 11.8.21) M E Orru (resigned 19.12.2023) Mrs J Harron (appointed 13.7.22) A M Svetelj (appointed 13.7.22, resigned 03.09.2025) Mrs C Martin (appointed 30.11.2025) Mrs D Dent (appointed 16.02.2026)

Independent Examiner

EA Lipan ACCA

Approved by order of the board of trustees on 27 June 2026 and signed on its behalf by:

J Harron - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ROMANIAN RESCUE APPEAL

Independent examiner's report to the trustees of Romanian Rescue Appeal ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the thirteen month period ended 31 May 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Association of Chartered Certified Accountants which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

EA Lipan ACCA

Page 4

ROMANIAN RESCUE APPEAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE 13 MONTH PERIOD ENDED 31 MAY 2023

Unrestricted
Restricted
fund
fund
INCOME AND ENDOWMENTS FROM
Notes
£
£
Charitable activities
448,669
-
Other activities
2
30,224
-
Investment income
3
44
-
Total
478,937
-
EXPENDITURE ON
Charitable activities
427,020
-
NET INCOME
51,917
-
RECONCILIATION OF FUNDS
Total funds brought forward
190,290
-
TOTAL FUNDS CARRIED FORWARD
242,207
-
2023
Total
funds
£
448,669
30,224
44
478,937
427,020
51,917
190,290
242,207
2022
Total
funds
£
279,181
30,714
1
309,896
275,049
34.847
155,443
190,290

The notes form part of these financial statements

Page 5

ROMANIAN RESCUE APPEAL

BALANCE SHEET 31 MAY 2023

2023 2022
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 119,435 - 119,435 136,748
CURRENT ASSETS
Debtors 7 239,477 - 239,477 232,356
Cash at bank 16,210 - 16,210 10,693
255,687 - 255,687 243,049
CREDITORS
Amounts falling due within one year 8 (54,724 ) - (54,724 ) (52,469)
NET CURRENT ASSETS 200,963 - 200,963 190,580
TOTAL ASSETS LESS CURRENT
LIABILITIES 320,398 - 320,398 327,328
CREDITORS
Amounts falling due after more than one year 9 ( 78,191 ) - ( 78,191 ) (137,038)
NET ASSETS 242,207 - 242,207 190,290
FUNDS 11
Unrestricted funds 242,207 190,290
TOTAL FUNDS 242,207 190,290

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the thirteen months ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the thirteen months ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 6

ROMANIAN RESCUE APPEAL

BALANCE SHEET - continued 31 May 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2026 and were signed on its behalf by:

J Harron - Trustee

The notes form part of these financial statements

Page 7

ROMANIAN RESCUE APPEAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE THIRTEEN MONTH PERIOD ENDED 31 May 2023

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Romanian Rescue Appeal as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 10% on cost Motor vehicles - 25% on cost

TAXATION

The charity is exempt from corporation tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

FOREIGN CURRENCIES

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

continued...

Page 8

ROMANIAN RESCUE APPEAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE THIRTEEN MONTH PERIOD ENDED 31 MAY 2023

2.
OTHER ACTIVITIES
Formal fundraising
3.
INVESTMENT INCOME
Deposit account interest
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
5.
TRUSTEES' REMUNERATION AND BENEFITS
2023
2022
£
£
30,224
30,714
2023
2022
£
£
44
1
2023
2022
£
£
17,312
20,956

There were no trustees' remuneration or other benefits for the period ended 30 31 May 2023 nor for the year ended 30 April 2022.

TRUSTEES' EXPENSES

There were no trustees' expenses paid for the period ended 31 May 2023 nor for the year ended 30 April 2022.

6. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Motor
Buildings vehicles Totals
£ £ £
COST
At 1 May 2022 207,054 20,000 227,054
Additions - - -
At 31 May 2023 207,054 20,000 227,054
DEPRECIATION
At 1 May 2022 73,018 17,288 90,306
Charge for year 15,956 1,356 17,312
At 31 May 2023 88,974 18,644 107,617
NET BOOK VALUE
At 31 May 2023 118,080 1,356 119,437
At 30 April 2022 134,036 2,712 136,748

continued...

Page 9

ROMANIAN RESCUE APPEAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE THIRTEEN MONTH PERIOD ENDED 31 MAY 2023

7.
DEBTORS
2023
Amounts falling due within one year:
£
Prepayments and accrued income
10,994
Amounts falling due after more than one
year: Loan to related undertaking
228,483
Aggregate amounts
239,477
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Other loans (see note 10)
47,924
Accruals and deferred income
6.800
54,724
9.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023
£
Other loans (see note 10)
78,191
10.
LOANS
An analysis of the maturity of loans is given below:
2023
Amounts falling due within one year on demand:
£
Other loans
47,924
Amounts falling due between two and five years:
Other loans - 2-5 years
78,191
11.
MOVEMENT IN FUNDS
Net
movement
At 1.5.22
in funds
£
£
Unrestricted funds
Single underline these figures
51,917
TOTAL FUNDS
190,290
51,917
2022
£
21,221
211,135
232,356
2022
£
42,924
9,545
52,469
2022
£
137.038
2022
£
42,924
137,038
At
31.5.23
£
242,207
242,207

continued...

Page 10

ROMANIAN RESCUE APPEAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE THIRTEEN MONTH PERIOD ENDED 31 MAY 2023

11. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 478,937 (427,020 ) 51,917
TOTAL FUNDS 478,937 (427,020 ) 51,917

Comparatives for movement in funds

Net
movement At
At 1.5.21 in funds 30.4.22
£ £ £
Unrestricted funds
General fund 155,443 34,847 190,290
TOTAL FUNDS 155,443 34,847 190,290

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 309,896 (275,049 ) 34,847
TOTAL FUNDS 309,896 (275,049 ) 34,847

A current year 13 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.5.21 in funds 31.5.23
£ £ £
Unrestricted funds
General fund 155,443 86,784 242,207
TOTAL FUNDS 155,443 86,784 242,207

continued...

Page 11

ROMANIAN RESCUE APPEAL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE THIRTEEN MONTH PERIOD ENDED 31 MAY 2023

11. MOVEMENT IN FUNDS - continued

A current year 13 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 788,833 (702,069 ) 86,764
TOTAL FUNDS 788,833 (209,069 ) 86,764

12. RELATED PARTY DISCLOSURES

At the balance sheet date the charity is owed £228,483 (2021 - £211,135) by its related company Romanian Rescue Appeal SRL.

Page 12

ROMANIAN RESCUE APPEAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE 13 MONTHS ENDED 31 May 2023

INCOME AND ENDOWMENTS
Charitable activities
General donations
Gift aid
Legacies
Dog sponsorship
Dog adoptions
Medical appeals
Transport
Building and renovations
Other activities
Formal fundraising
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Romanian fosters
Shelter running costs
UK kennel costs
Veterinary costs
Transport
Advertising and promotions
Administration expenses
Building and renovation
Accountancy
Finance charges
Depreciation of tangible fixed assets
Total resources expended
Net income
2023
£
163,225
44,984
34,667
47,705
26,670
1,966
105,160
24,292
448,669
30,224
44
478,937
89,694
123,122
27,291
44,541
117,373
846
3,896
1,008
-
1,937
17,312
427,020
427,020
51,917
2022
£
118,086
42,426
13,000-
40,881
42,706
3,649
5,089
13,354
279,181
30,714
1
309,896
2,056
169,002
15,917
50,229
2,001
2,958
2,498
7,154
540
1,738
20,956
275,049
275,049
34,847

This page does not form part of the statutory financial statements

Page 13