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2025-08-31-accounts

Charity registration number 1162386 (England and Wales)

WECARE WORLDWIDE

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

WECARE WORLDWIDE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Miss R L Carruthers
Miss J M Mockford
Mrs C Bailey
Miss E A Donnan
Mr Philip Mansbridge (Appointed 22 September 2024)
Patron Ben Fogle
Head of Orginisation Janey Lowes
Charity registration England and Wales 1162386
Principal address Oak Lodge
Kirkbride
Wigton
Cumbria
CA7 5JH
Auditor Saint & Co.
Sterling House
Wavell Drive
Rosehill
Carlisle
CA1 2SA

WECARE WORLDWIDE

CONTENTS

Page
Trustees' report 1 - 9
Independent auditor's report 10 - 13
Statement of financial activities 14
Statement of financial position 15
Statement of cash flows 16
Notes to the financial statements 17 - 32

WECARE WORLDWIDE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The Trustees present their annual report and financial statements for the year ended 31 August 2025.

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

WECare Worldwide is a pioneering veterinary charity dedicated to transforming the lives of Sri Lanka’s three million street dogs. Founded in 2014 by British veterinary surgeon Dr Janey Lowes, WECare delivers international-standard veterinary care to animals who would otherwise have little or no access to treatment.

Through our dedicated veterinary hospital, highly skilled clinical team and internationally recognised Catch-Neuter-VaccinateRelease (CNVR) programme, we provide both preventative and emergency veterinary care to thousands of street dogs and cats every year. Alongside treating individual animals, we work to tackle the root causes of suffering by preventing disease, controlling street dog populations humanely and improving veterinary standards across Sri Lanka through education, training and community engagement.

Our long-term vision is to create lasting, sustainable improvements in animal welfare by reducing unnecessary suffering, improving public health and developing compassionate, evidence-led approaches to street dog management. Sri Lanka was chosen as WECare’s first area of focus because it faces one of the region’s most significant roaming dog populations, with approximately one street dog for every eight people.

WECare Worldwide’s purpose is:

WECare Worldwide exists to promote humane behaviour towards animals by providing care, protection, and treatment for animals in need due to sickness, neglect, poor circumstances or mistreatment, while educating the public in matters relating to animal welfare and the prevention of cruelty and suffering.

We achieve this by:

a. Providing veterinary care to animals in need of care and attention due to sickness, poor circumstances, neglect or threat of disease.

b. Educating and engaging with the public on the topics of responsible animal ownership, community dog care and public health.

c. Providing a humane method of stray animal control via neutering programmes.

Our initial aims for 2024/2025 for the year ahead as described in the Annual Report for 2023/2024 were as follows:

Public benefit

The Trustees confirm that they have complied with section 17(5) of the 2011 Charities Act in having paid due regard to the Charities Commission guidance on public benefit.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Achievements and performance

SUCCESSES

Land acquisitions

A major milestone was achieved this year with the acquisition of three plots of land totaling 451 perches (2.8 acres). Securing this land required navigating and overcoming significant operational, legal, and financial challenges, including:

The above-mentioned land purchased for the use of WECare's charitable purposes is held in a Sri Lankan registered company connected with the charity. This company was formed specifically for the purpose of acquiring and holding the land due to local restrictions on foreign ownership in Sri Lanka, whereby a local company must hold a majority shareholding (51%).

Training and education

Education remains a core objective outlined in WECare’s mission, though maximising impact in this area has historically presented operational challenges. This year, we achieved significant progress. In addition to continuing our public education initiatives during our outreach programmes, we successfully secured authorisation to implement educational programmes directly within schools and universities across the Southern Province.

WECare hub/café project

Work commenced on the charity’s long-standing ambition to establish a dedicated visitor hub situated away from our working hospital. During the year, we made significant progress on our 'Mutts' café project. Designed as a welcoming space for supporters and visitors, the café also forms a key part of our income diversification strategy. By offering food, beverages, and WECare merchandise, this initiative will establish sustainable new revenue streams and reduce our overreliance on traditional donations alone.

Media appearances

WECare’s public profile was elevated this year through valuable media exposure, including a feature on “This Morning" and appearances across two episodes of "Rescue Vet," Dr. Scott’s YouTube channel. In addition to expanding our audience, a dedicated fundraiser launched by Dr. Scott raised £13,000, fully funding a second ambulance for our operations.

Expansion into other countries

Strategic steps were taken toward international expansion this year. We secured legal expertise to evaluate the process of establishing WECare as a 501(c) in the United States. This expansion aims to build a robust network with US-based donors and unlock new international funding opportunities.

Recruitment

During the year, WECare invested in strengthening the organisation by expanding several key support functions. This included recruitment to support the launch of our second CNVR vehicle, strengthening our HR capacity in Sri Lanka, enhancing our digital fundraising capability, and filling several long-standing vacancies that had remained unfilled following Sri Lanka’s economic crisis.

Like many organisations working in the veterinary and animal welfare sector, WECare has historically operated with lean support structures despite the significant pressures placed on frontline teams. These appointments represent an important investment in organisational resilience, staff wellbeing and long-term sustainability, ensuring we have the capacity to support our growing programmes while maintaining the high standards of care for which WECare is known.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Collaborations and partnerships

This year, we successfully strengthened our existing partnerships, most notably through our major collaboration with Happy Doggo. Their generous support spans both operational and capital projects within our Catch, Neuter, Vaccinate and Release (CNVR) scheme. To ensure long-term stability and facilitate future strategic planning, we approached Happy Doggo to negotiate a multi-year agreement. We are delighted to announce that a minimum three-year term has been successfully secured.

WECare has partnered with IVC, the world's second-largest veterinary company. This collaboration spans across charity operations, with support offered to our CNVR programme and our new hospital project. To further strengthen this collaboration, IVC’s Head of Procurement and Head of CSR will offer assistance in areas relating to supply chain management.

Patron

A key strategic milestone this year was the appointment of our first patron. Given his long-standing relationship with our founder and his enduring support of the charity, Ben Fogle was our clear choice. We are thrilled to announce that in April 2025, Ben officially accepted the role, becoming WECare Worldwide’s inaugural patron.

WECare hosted a donor engagement and fundraising event in London in August 2025, titled "An Evening with Janey the Vet" and hosted by Ben Fogle. The event celebrated the charity's ten-year anniversary and outlined major upcoming capital projects. Consequently, the charity secured a major restricted pledge of £40,000 from two attendees to fund the construction of the hospital’s perimeter wall. In terms of financial reporting, these restricted funds were officially received following the close of the reporting period.

DIFFICULTIES AND CHALLENGES

Challenges

Customs delays

Having secured the necessary funds to convert and equip a second mobile clinic lorry, plans were underway to recruit a team ahead of the proposed launch in October 2026. However, the specialised equipment imported from the UK was delayed in Sri Lankan customs for four months. To expedite the release of these critical components and prevent further disruption to the fabrication timeline, the charity had to absorb higher-than-anticipated customs duties. While these logistical challenges adversely affected our initial timeline, securing the equipment was vital to moving the project forward.

Hospital refurbishment

While plans for our bespoke veterinary hospital advanced with the acquisition of new land, urgent repairs at our existing facility could no longer be deferred. By the end of the reporting year having secured private donor funding, the installation of a new roof for the hospital neared completion; with the subsequent phase focusing on replacing the ceilings.

New government changes

Late 2024 brought a historic shift in Sri Lanka's political landscape, with voters electing a new president and granting his coalition a landslide parliamentary victory. As the new administration balances anti-corruption and constitutional reforms with strict IMF-mandated economic recovery measures, the regulatory landscape has evolved. Consequently, WECare has had to quickly adapt to a variety of new reporting and filing requirements for compliance purposes.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Operational Performance

In 2024/2025, we fulfilled each subsection of our purpose in the following ways:

a. Providing veterinary care:

For more than 10 years, WECare has been at the forefront of improving animal welfare across Sri Lanka. Through our veterinary hospital, internationally recognised Catch-Neuter-Vaccinate-Return (CNVR) programme and community outreach initiatives, we provide both preventative and emergency veterinary care to thousands of animals every year.

Since our work began, we have neutered 19,876 street dogs, administered 33,470 rabies vaccinations and admitted 5,303 critically ill animals into our hospital.

Our street-animal dedicated emergency hospital serves a large area, whereby tens of thousands of street dogs and cats reside. This year we admitted 626 animals to the WECare Hospital for life-saving treatment.

By combining high-quality hospital treatment with large-scale population management and disease prevention, WECare addresses both the immediate suffering of individual animals and the wider welfare challenges facing Sri Lanka. Our vaccination programme plays a vital role in reducing the risk of rabies transmission, protecting both animals and people while supporting the country’s long-term goal of eliminating this entirely preventable disease.

b. Providing education:

Education remains a core objective of WECare and an essential part of creating long-term, sustainable improvements in animal welfare. While delivering education programmes at scale has historically been constrained by operational priorities, significant progress was made during the year.

Alongside continuing to deliver community education through our Catch-Neuter-Vaccinate-Release (CNVR) clinics, WECare secured approval to deliver animal welfare education directly within schools and universities. This represents an important milestone, enabling us to engage young people with messages around responsible animal ownership, compassion towards animals and public health, helping to foster lasting behavioural change within local communities.

c. Providing neutering programmes:

Through our continued partnership with Happy Doggo, WECare’s Catch-Neuter-Vaccinate-Release (CNVR) mobile clinic expanded its impact during the year, delivering record numbers of treatments and preventative interventions for Sri Lanka’s roaming dog population.

During the reporting period, the programme achieved the following:

These results represent a substantial increase in programme delivery compared with the previous year, reflecting continued investment in operational capacity and WECare’s commitment to delivering effective, humane street dog population management while improving animal welfare and protecting public health.

In addition to this, we neutered 290 patients at the WECare Hospital and administered a further 1,519 vaccinations.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Financial review

Revenue

Thanks to a phenomenal surge in media exposure, the charity achieved landmark growth in 2024, nearly trebling its income. Heading into 2025, our primary challenge was to sustain this momentum without the guarantee of similar media coverage. Through a concerted effort to engage and retain our new donor community, we are thrilled to report that WECare officially broke the £1 million barrier for the first time in 2025.

We remain deeply grateful for the ongoing generosity of the individuals, family trusts, small businesses and grant-giving organisations who support us year-on-year. Their enduring commitment from afar is vital to sustaining our mission.

Total income reached was £1,106,366 - up from £996,894 the previous year - and is broken down as follows: Direct donations totalled £638,671 this year, slightly down from the previous year’s £664,195. Suggested donations for pet treatment/adoptions came to £2,014, down on last year’s £3,867. Gift aid totalling £78,121.47 was able to be claimed this year from UK tax payers opting into the scheme. This is comparable to £73,723 in 2024.

Partnerships:

WECare established a key partnership with IVC during the reporting period. This collaboration resulted in an in-kind donation of spay and castration kits valued at £24,785, significantly supporting our clinical operations. With other stock donations amounting to £3,054.

Additionally, we benefited from ongoing percentage-of-sales contributions from Hannah Turner’s ceramic ‘Barklife’ range at £425, as well as continued partnership with an independent dog food brand £440.

Fundraising events:

Fundraising event revenue grew by 42.7%, rising from £9,092 in 2024 to £12,975. This significant increase was primarily driven by a raffle for highly sought-after Oasis concert tickets, generously donated by a supporter. This special initiative complemented our staple annual events, which saw dedicated runners participate in the Great North and Great Bristol runs. Furthermore, volunteers successfully raised funds ahead of their hospital visits, while long- term supporters contributed through hosting local events and selling homemade and homegrown items.

Lottery:

Revenue from the charity lottery decreased slightly in 2025 to £1,787, down from £1,872 the previous year. While this area was not a strategic priority during the period, we plan to increase promotional efforts moving forward to revitalise this income stream.

Merchandise:

Revenue from merchandise sales remained stable year-on-year, reflecting a modest increase to £5,256 (up from £5,094 in the previous period).

Grants & Trusts:

Income from grants and trusts rose to £313,538, up from £223,145 the prior year. Total contributions from Happy Doggo amounted to £292,538 during the reporting period. This generous funding comprised a £43,468 initial capital installment for a second CNVR mobile clinic, alongside £249,070 in restricted funding designated for operational programme delivery. We extend our deepest gratitude to Happy Doggo; their extraordinary support has been instrumental in enabling WECare to meet its ambitious targets and maximise our impact.

Through our fundraising team, we continue to actively pursue grant opportunities to support our core operations. We are proud to be championed once again by our long-term supporters at The Jean Sainsbury Animal Welfare Trust, who awarded WECare £10,000 toward our general running costs this year. A further £11,000 was gratefully received from family trusts.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Legacies:

During the reporting period, WECare received £27,000 in legacy income from two supporters who generously bequeathed unrestricted funds to support our ongoing work. Legacy gifts are a vital component of a charity’s revenue portfolio, offering long-term financial stability and helping to maintain sufficient baseline reserves. Consequently, this is a key strategic focus area for us moving forward. We aim to sensitively encourage our dedicated supporters to consider leaving a gift in their wills, ensuring our fundraising approach remains deeply respectful of this unique and personal form of giving.

Bank Interest:

Interest earned on bank deposits rose to £4,108 compared to the previous years’ £2,028.

Expenditure

Naturally, the cost of our day-to-day veterinary operations represents a significant proportion of our annual spend. However, throughout the year, we have reaped the benefits of strong connections within the veterinary industry - securing key discounts and forging partnerships that provided vital goods free of charge in support of our mission.

Fundraising costs amounted to £83,322 for the period and includes fundraiser consultancy fees, costs relating to our 10 year anniversary ball, and securing 10 places for runners in the Great North Run and 2 places in the Great Bristol Run.

Advertising expenditure decreased to £7,916 (2024: £9,902), reflecting a more streamlined and targeted approach to our marketing efforts. This investment primarily funded strategic social media advertising campaigns designed to maximise engagement. Additionally, the budget supported professional photography and photoshoots to capture and showcase notable events throughout the year, preserving key milestones and enhancing our brand visibility.

Employment costs totalled £522,939 during the year (2024: £333,647), comprising £260,011 in veterinary-related staffing costs (2024: £134,891) and £262,928 in non-veterinary staff costs (2024: £198,756). This represented 49% of total income, compared with 34% in 2024.

The increase reflects a planned investment in organisational capacity following the easing of Sri Lanka’s economic crisis. During the year, WECare recruited into several roles that had previously remained vacant, expanded its CNVR veterinary team to increase programme delivery, and strengthened its fundraising and communications capacity through the addition of a digital marketing role and increased in-house content creation. These investments have enhanced both programme delivery and the charity’s long-term fundraising sustainability.

Premises costs increased to £129,567 (2024: £95,697) due to essential, long-overdue hospital repairs, including roof remediation. These urgent works were necessary to meet basic health and safety standards, prevent equipment damage, and eliminate health hazards like mould until the organisation is in a position to start the build on the new site.

Travel costs for the period amounted to £43,066, representing an increase from the previous year (2024: £35,503). This expenditure encompasses critical operational transport, including local driver expenses and essential staff business flights. Additionally, it reflects our continued commitment to animal welfare, covering the vital transportation costs required to safely relocate animals to their new adoption homes.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider 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.

The Trustees would like to flag that the Charity Reserves sit below the desired threshold of three months outgoings and remain so at the time of composing and submitting the year end accounts. It is the view of the Trustees that this is predominantly a cash-flow led issue, rather than a longer-term income issue, with funds impacted for a number of reasons; measures have been initiated to reduce costs and bolster reserves. These reasons include the phasing of some large purchases (including new hospital land), urgent refurbishment and repair works to the current hospital, additional customs clearance costs and the impact of tourism to Sri Lanka as a result of conflict in the Middle East (leading to significantly reduced takings from Mutts Cafe and tourist donations), as well as the increased costs linked to this conflict around fuel and vital goods.

The measures initiated include working groups involving Trustees, CEO and staff members to drive efficiencies and cost savings across the charity, as well as a review of ongoing and planned projects, a freeze on like-for-like new recruitment and targeted fundraising efforts.

Total funds of the charity amounted to £824,841 of which £203,341 was restricted. £199,559 can only be realised on disposal of unrestricted fixed assets, therefore, the resulting free reserves are £425,357.

Plans for future periods

Below we have outlined our aims for the coming year, some of which are carried forward from the previous year..

Aims for 2025/26:

Structure, governance and management

WECare Worldwide has been set up as a Charitable Incorporated Organisation (CIO), registered with the Charity Commission (registration number: 1162386) on 24th June 2015 and has a structure consisting of a Head of Organisation, four trustees and between five and ten committee members, at any one time. The object and powers of the CIO are established in its governing document which is an association constitution.

The Trustees confirm that they have complied with section 17(5) of the 2011 Charities Act in having paid due regard to the Charities Commission guidance on public benefit.

The Trustees who served during the year and up to the date of signature of the financial statements were: Miss R L Carruthers

Miss J M Mockford Mrs C Bailey Miss E A Donnan Mr Philip Mansbridge (Appointed 22 September 2024)

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Recruitment and appointment of trustees

Any person aged 16 or over can be appointed as a trustee of the charity by approval of the other trustees. Under the requirements of the constitution one third of the trustees (the longest serving since their last appointment or reappointment) must retire annually by rotation, but will qualify for reappointment. The number of trustees shall not be less than four or more than eight.

Prior to the appointment of a new trustee and during the induction phase, we provide a deep dive into the charity's mission, vision, values, history, current strategies, programmes, key stakeholders (beneficiaries, staff, volunteers), and operational structure. We also invite the potential candidate to attend one or two trustee meetings prior to appointment to ensure they have sufficiently familiarised themselves with the charity and ensure core values align, as well as understanding the expectations the charity has for the role of a trustee. We provide guidance from the Charity Commission (in England and Wales) to allow familiarisation with their legal responsibilities if undertaking the role of trustee.

All our trustees are appointed with a specific skill set and level of expertise in their given field, however at induction we would always offer training should this be beneficial for either the charity or the new recruit. Ultimately, effective induction and ongoing training ensure that trustees are well-informed, confident, and capable of providing robust governance and strategic direction to the charity, safeguarding its assets, and ensuring it operates in the best interests of its beneficiaries and the public.

Trustees are ultimately responsible for setting key management personnel remuneration and must act in the best interests of the charity avoiding any conflicts of interest. As with all roles within the organisation, the charity's HR department performs analysis to confirm market expectation of pay scales for any position held. This combined with budget availability will allow an appropriate level of remuneration to be determined.

WECARE WORLDWIDE

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

Statement of trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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' report was approved by the Board of Trustees.

Miss R L Carruthers Trustee

Mr Philip Mansbridge Trustee

27 July 2026

WECARE WORLDWIDE

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF WECARE WORLDWIDE

Qualified opinion

We have audited the financial statements of WEcare Worldwide (the ‘charity’) for the year ended 31 August 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects of the matter described in the Basis for Qualified Opinion section of our report, the financial statements:

Basis for qualified opinion

We were not appointed as auditor of the charity until after 31 August 2025 and thus did not observe the counting of physical inventories at the end of the year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 31 August 2025, which are included in the balance sheet at £205,150, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

WECARE WORLDWIDE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF WECARE WORLDWIDE

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Comparative information in the financial statements is derived from the charity's prior period financial statements which were not audited.

Matters on which we are required to report by exception

In respect solely of the limitation on our work relating to inventories described above:

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustees' responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

WECARE WORLDWIDE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF WECARE WORLDWIDE

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

WECARE WORLDWIDE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF WECARE WORLDWIDE

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements 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)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Saint & Co. Chartered Accountants & Statutory Auditor Sterling House Wavell Drive Rosehill Carlisle CA1 2SA 27 July 2026

Saint & Co. is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

WECARE WORLDWIDE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted
funds
2025
Notes
£
Income from:
Donations and legacies
3
713,069
Charitable activities
4
21,108
Investments
5
4,108
Total income
738,285
Expenditure on:
Raising funds
6
83,154
Charitable activities
7
608,637
Other expenditure
12
6,050
Total expenditure
697,841
Net income and movement in
funds
40,444
Reconciliation of funds:
Fund balances at 1 September
2024
581,056
Fund balances at 31 August 2025
621,500		 Restricted
funds
2025
£
368,081
-
-
368,081
-
353,476
-
353,476
14,605
188,736
203,341		 Total
Unrestricted
funds
2025
2024
£
£
1,081,150
736,990
21,108
18,225
4,108
2,029
1,106,366
757,244
83,154
29,014
962,113
457,226
6,050
-
1,051,317
486,240
55,049
271,004
769,792
310,052
824,841
581,056		 Restricted
funds
2024
£
239,650
-
-
239,650
-
158,925
-
158,925
80,725
108,011
188,736		 Total
2024
£
976,640
18,225
2,029
996,894
29,014
616,151
-
645,165
351,729
418,063
769,792

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

WECARE WORLDWIDE

STATEMENT OF FINANCIAL POSITION

AS AT 31 AUGUST 2025

Notes
Fixed assets
Intangible assets
14
Tangible assets
15
Investments
16
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within one year
19
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
22
Unrestricted funds
23		 2025
£
205,150
309,597
66,944
581,691
(21,075)		 £
-
264,224
1
264,225
560,616
824,841
203,341
621,500
824,841		 2024
£
159,362
93,602
352,632
605,596
(26,669)		 £
1,500
189,364
1
190,865
578,927
769,792
188,736
581,056
769,792

The financial statements were approved by the Trustees on 27 July 2026

Miss R L Carruthers Mr Philip Mansbridge Trustee Trustee

WECARE WORLDWIDE

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 AUGUST 2025

2025
Notes
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
27
(175,433)
Investing activities
Purchase of tangible fixed assets
(114,364)
Investment income received
4,109
Net cash used in investing activities
(110,255)
Net cash generated from financing activities
-
Net (decrease)/increase in cash and cash equivalents
(285,688)
Cash and cash equivalents at beginning of year
352,632
Cash and cash equivalents at end of year
66,944		 2024
£
(38,720)
2,029		 £
328,120
(36,691)
-
291,429
61,203
352,632

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

WEcare Worldwide is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Oak Lodge, Kirkbride, Wigton, Cumbria, CA7 5JH..

1.1 Basis of preparation

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 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 entity.

The financial statements have been prepared under the historical cost convention. 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 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 donors that the capital must be maintained by the charity.

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.

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

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.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Development costs 25% straight line

1.7 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:

Leasehold improvements 15% reducing balance Plant and equipment 15% reducing balance Fixtures and fittings 3 years straight line Motor vehicles 10 years straight line

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.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.9 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible 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).

1.10 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.11 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.

1.12 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.

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.

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

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

1.13 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.

1.14 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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.

3 Income from donations and legacies

Unrestricted
funds
2025
£
Donations and gifts
675,069
Legacies
27,000
Grants
11,000
713,069		 Restricted
funds
2025
£
368,081
-
-
368,081		 Total
Unrestricted
funds
2025
2024
£
£
1,043,150
726,990
27,000
-
11,000
10,000
1,081,150
736,990		 Restricted
funds
2024
£
229,650
-
10,000
239,650		 Total
2024
£
956,640
-
20,000
976,640

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Charitable activities
Sale of goods 2,014 2,167
Other income 19,094 16,058
21,108 18,225
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest 4,108 2,029
6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Fundraising staff and events costs 83,154 29,014

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

7 Expenditure on charitable activities

Support costs Support costs
2025 2024
£ £
Direct costs
Staff costs 249,511 134,891
Opening stock 159,362 163,674
Purchases 161,163 98,562
Closing stock (177,311) (159,362)
Other office costs 1,605 1,593
Donations payable 62,500 -
456,830 239,358
Share of support and governance costs (see note 8)
Support 505,283 376,793
962,113 616,151
Analysis by fund
Unrestricted funds 608,637 457,226
Restricted funds 353,476 158,925
962,113 616,151
Support costs allocated to activities
2025 2024
£ £
Staff costs 273,428 198,756
Depreciation 34,952 30,012
Premises 127,931 95,697
Travel 43,066 35,503
Advertising 7,916 9,902
Governance costs 17,990 6,923
505,283 376,793
Analysed between:
Support costs 505,283 376,793
505,283 376,793

8 Support costs allocated to activities

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

8
Support costs allocated to activities
Governance costs comprise:
Audit/Examination fees
Accountancy
Legal and professional
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
Amortisation of intangible assets		 (Continued)
2025
2024
£
£
12,878
3,066
2,660
-
2,452
3,857
17,990
6,923
2025
2024
£
£
12,878
3,066
33,453
28,512
6,050
-
1,500
1,500		 (Continued)
2025
2024
£
£
12,878
3,066
2,660
-
2,452
3,857
17,990
6,923
2025
2024
£
£
12,878
3,066
33,453
28,512
6,050
-
1,500
1,500
6,923
2024
£
3,066
28,512
-
1,500

10 Trustees

The board of trustees and head of the organisation agreed to employ trustee Miss R.L. Carruthers as Head of Finance. The Charity Commission granted permission for Miss R.L. Carruthers to become and employee and remain on the board of trustees of the charity. Remuneration totalling £40.000 (2024: £33,333), pension contributions of £1,069 (2024: £813) and Employer's National Insurance of £4,675 (2024: £3,345) were paid during the year for this role. Miss R.L. Carruthers' work as a trustee continues to be provided on a voluntary basis.

One trustee claimed travel expenses of £609 (2024: £111 to one trustee)

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
61 43

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

11
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2025
2024
£
£
508,421
321,054
10,067
9,226
4,451
3,367
522,939
333,647		 (Continued)
2025
2024
£
£
508,421
321,054
10,067
9,226
4,451
3,367
522,939
333,647
333,647

Social security costs include Sri Lankan Social Security of £2,578 (2024: £565).

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

Key management personnel includes all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £102,903 (2024: £84,462).

12 Other expenditure

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Net loss on disposal of tangible fixed assets 6,050 -

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

14 Intangible fixed assets

Intangible fixed assets
Development
costs
£
Cost
At 1 September 2024 and 31 August 2025 6,000
Amortisation and impairment
At 1 September 2024 4,500
Amortisation charged for the year 1,500
At 31 August 2025 6,000
Carrying amount
At 31 August 2025 -
At 31 August 2024 1,500

15 Tangible fixed assets

Leasehold
improvements
Assets under
construction
Plant and
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
£
Cost
At 1 September 2024
41,878
-
183,644
3,556
76,686
Additions
-
58,057
53,673
-
2,634
Disposals
-
-
(16,794)
-
-
At 31 August 2025
41,878
58,057
220,523
3,556
79,320
Depreciation and impairment
At 1 September 2024
25,327
-
80,272
3,128
7,674
Depreciation charged in the
year
2,483
-
22,611
428
7,931
Eliminated in respect of
disposals
-
-
(10,744)
-
-
At 31 August 2025
27,810
-
92,139
3,556
15,605
Carrying amount
At 31 August 2025
14,068
58,057
128,384
-
63,715
At 31 August 2024
16,550
-
103,374
428
69,012		 Total
£
305,764
114,364
(16,794)
403,334
116,401
33,453
(10,744)
139,110
264,224
189,364

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

16
Fixed asset investments
Cost or valuation
At 1 September 2024 & 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
Other investments comprise:
Notes
Investments in subsidiaries
26
17
Stocks
Raw materials and consumables
18
Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by connected undertakings
Other debtors
Prepayments and accrued income		 Other
investments
£
1
1
1
2025
2024
£
£
1
1
2025
2024
£
£
205,150
159,362
2025
2024
£
£
12,465
10,092
11,432
8,656
124,978
5,844
160,722
69,010
309,597
93,602		 Other
investments
£
1
1
1
2025
2024
£
£
1
1
2025
2024
£
£
205,150
159,362
2025
2024
£
£
12,465
10,092
11,432
8,656
124,978
5,844
160,722
69,010
309,597
93,602
1
1
2024
£
1
2024
£
159,362
2024
£
10,092
8,656
5,844
69,010
93,602

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

19 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
20
Trade creditors
Other creditors
Accruals
20
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Sponsorship relating to the Great North run in advance of this event.
Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 September 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 August 2025
21
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
330
3,612
1,285
1,903
13,945
21,075
2025
£
3,612
2025
£
3,612
4,536
(4,536)
3,612
3,612
2025
£
4,451		 2024
£
-
4,536
20,211
22
1,900
26,669
2024
£
4,536
2024
£
4,536
-
-
4,536
4,536
2024
£
3,367

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

22 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.

At 1 September Incoming Resources Transfers At 31 August
2024 resources expended 2025
£ £ £ £ £
- - - - -
Restricted Fixed Assets 73,251 - (26,211) 143,258 190,298
Battersea Grant - CNVR Lorry 86,938 - - (86,938) -
Happy Doggo - CNVR - 292,538 (249,070) (43,468) -
Anthony Martin Charitable
Foundation 10,000 - (10,000) - -
Morley 5,695 - (5,695) - -
Daraz lorry sponsorship 4,261 - - (4,261) -
The Jean Sainsbury Animal
Welfare Trust 8,592 - - (8,592) -
Watson - 62,500 (62,500) - -
Dr Scott Miller - 13,043 - - 13,043
188,736 368,081 (353,476) - 203,341
Previous year: At 1 September Incoming Resources Transfers At 31 August
2023 resources expended 2024
£ £ £ £ £
Restricted funds 10,454 227,885 (131,447) - 106,892
Restricted Fixed Assets 54,714 11,765 (9,635) 16,408 73,252
Battersea Grant 17,843 - (17,843) - -
Jean Sainsbury AWT Grant 25,000 - - (16,408) 8,592
108,011 239,650 (158,925) - 188,736

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

22 Restricted funds

(Continued)

Happy Doggo

We have received a total of £292,538.45 from Happy Doggo in the year. £43,468 was contributed to a 50% payment towards the cost of purchase and fabrication of second CNVR lorry, a further 50% has been pledged and is payable on completion of project.

The remaining £249,070.45 received from Happy Doggo was for the operating costs of running the CNVR programmes via our CNVR vehicle, spanning the full year.

Anthony Martin Charitable Foundation

£10,000 was received from the Anthony Martin Charitable Foundation to go towards the charity's purposes, to educate the public regarding responsible animal ownership, disease awareness and and preventative healthcare and so funds have been used towards the costs of employing a Community Engagement Officer and the production of rabies educational videos.

Morley

The donation received towards social media advertising costs has been used to grow WECare's following on social media platforms, and increase the charity's exposure via paid advertising.

Daraz lorry sponsorship

Daraz lorry sponsorship relates to funds received towards the charity's original CNVR lorry, with funds being provided by the South Asian eCommerce company in support of the project.

Watson

Family donation of £50,000 plus gift aid was given to be used towards the land acquisition.

Dr Scott Miller

Following Dr Scott's visit to the WECare hospital, the charity was featured in two episodes of his YouTube episodes. Seeing the huge impact WECare's new ambulance was having in saving a great many more animal's lives and improving rescue operations, he set up a GoFundMe Fundraiser for his followers to donate to enable a second vehicle to be purchased and converted into an ambulance.

23 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 September Incoming Resources At 31 August
2024 resources expended 2025
£ £ £ £
General funds 581,056 738,285 (697,841) 621,500
Previous year: At 1 September Incoming Resources At 31 August
2023 resources expended 2024
£ £ £ £
General funds 310,052 757,244 (486,240) 581,056

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

24 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 August 2025:
Tangible assets
199,559
64,665
Investments
1
-
Current assets/(liabilities)
206,406
354,210
405,966
418,875
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 August 2024:
Intangible fixed assets
1,500
-
Tangible assets
116,112
73,252
Investments
1
-
Current assets/(liabilities)
463,443
115,484
581,056
188,736		 Total
2025
£
264,224
1
560,616
824,841
Total
2024
£
1,500
189,364
1
578,927
769,792

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

25 Related party transactions

Please see note on Trustees, remuneration and expenses regarding the transactions with Miss R.L. Carruthers.

The total aggregate donations received from trustees or related parties in the year was £535 (2024: £355)

During the year the charity paid Rebecca Carruthers Accountancy Limited, of which Rebecca Carruthers is sole director £1,661 (2024: £1,138) for provision of accountancy software.

During the year WECare Veterinary Holdings (Private) Limited (a Sri Lankan company) took out a 2 year lease on a property for the use of the charity WECare Worldwide, the total lease expense in the year was £3,026 (2024: £1,945).

The charity also gave a donation of £62,500 to WECare Veterinary Holdings (Private) Limited for the purchase of land for the hospital in Sri Lanka. Janey Lowes, Head of Charity, is sole director of WECare Veterinary Holdings (Private) Limited. An amount of £110,957 was receivable from WECare Veterinary Holdings (Private) Limited at the year end.

An amount of £293 was receivable at the year end from WECare Charity (Private) Limited (a Sri Lankan company), having 49% shareholding of WECare Veterinary Holdings (Private) Limited.

An amount of £11,432 was receivable at the year end (2024: £8,656) from the subsidiary, WECare Pet Food Limited.

26 Subsidiaries

These financial statements are separate charity financial statements for WECare Worldwide.

The charity has one trading subsidiary; WECare Pet Food Limited (Company Registration Number14476046), incorporated on 10th November 2022. The company is a private company limited by shares, wholly owned and controlled by WECare Worldwide Limited. The company is not included in consolidated accounts as its financial position and results of operations are trivial to the group. WECare Pet Food Limited has prepared accounts to 31 August 2025, the previous set of accounts was a short period of accounts to 31 August 2024.

Details of the charity's subsidiaries at 31 August 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held % Held
office shares held Direct Indirect
WECare Pet Food Limited Oak Lodge, Pet Food retailer Ordinary 100.00
Kirkbride, Wigton,
Cumbria, United
Kingdom, CA7 5JH

The aggregate capital and reserves and the result for the year of subsidiaries excluded from consolidation was as follows:

WECARE WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

26 Subsidiaries

(Continued)

Aug-2025

Gross Turnover
 £3,099
Gross Expenditure £(7,452)
Profit/Loss for the year
 £(4,353)
Gross assets as at 31st August
 £783
Gross liabilities as at 31st August
 £(13,020)
Funds
 £(12,237)

27 Cash (absorbed by)/generated from operations

Cash (absorbed by)/generated from operations
2025
£
Surplus for the year
55,048
Adjustments for:
Investment income recognised in statement of financial activities
(4,108)
Loss on disposal of tangible fixed assets
6,050
Amortisation and impairment of intangible assets
1,500
Depreciation and impairment of tangible fixed assets
33,452
Movements in working capital:
(Increase)/decrease in stocks
(45,788)
(Increase) in debtors
(215,995)
(Decrease) in creditors
(4,670)
(Decrease)/increase in deferred income
(924)
Cash (absorbed by)/generated from operations
(175,435)		 2024
£
351,734
(2,029)
-
1,500
28,512
4,315
(47,625)
(12,820)
4,536
328,123

28 Analysis of changes in net funds

The charity had no material debt during the year.