2023-03-31-accounts - Hairy Hounz

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Hairy Hounz

Charity No. 1163727

Trustees' Report and Unaudited Accounts

31 March 2023

HAIRY HOUNZ CONTENTS

	Pages
Trustees' Annual Report	1
	2
Statement of Financial Activities	3
Balance Sheet	4
Statement of Cash flows	5
Notes to the Accounts	6
Detailed Statement of Financial Activities	7 to 8

Page 1

HAIRY HOUNZ TRUSTEES ANNUAL REPORT

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1163727

Trustees

The following Trustees served during the year:

P. Chase

S. Walker

Accountants

Genio Accountants

33a Portsmouth Rd Southampton SO19 9BA

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

S. Walker Trustee 10th August 2023

Page 2

HAIRY HOUNZ STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Notes
Income from:
Donations, adoptions,
shows and other
fundraising
3
Total
Expenditure on:
Raising funds
4
Charitable activities
5
Other
6
Total
Net gains on investments
Net income/(expenditure)
Net expenditure before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward

Unrestricted
funds
2023
£
Total funds
2023
£
Total funds
2022
£
20,096
20,096
16,663
20,096
6
20,096
16,663
1,482
1,482
837
9,764
9,764
14,206
2,658 2,658
2,747
13,904 13,904
17,790
-
-
-
6,192
6,192
(1,127)
6,192
6,192
(1,127)
6,192
6,192
(1,127)
9,100
9,100
10,227
15,292
15,292
9,100

Page 3

HAIRY HOUNZ BALANCE SHEET

At 31 March 2022

The funds of the charity 9 Restricted funds 9 Unrestricted funds 9 - General funds Reserves 9 Total funds Charity No. 1163727 Current assets Debtors – Paypal balance Cash at bank and in hand Creditors:Amount falling due within one year 8 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets	15,292 15,292 15,292 2023 £ 4,200 11,581 15,781 (489) 15,292 15,292 15,292 15,292	9,100 2022 £ - 9,596 9,596 (496) 9,100 9,100 9,100 9,100
		9,100
		9,100

Approved by the trustees

And signed on their behalf by:

S Walker Trustee 10[th] August 2023

Page 4

HAIRY HOUNZ STATEMENT OF CASH FLOWS

for the year ended 31 March 2023

Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Increase/(decrease) in trade and other payables (Increase)/decrease on trade and other receivables Net cash used in operating activities Net cash from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances	2023 £ 6,192 (7) (4,200) 1,985 - - 1,985 9,596 11,581 11,581 11,581	2022 £ (1,127) 316 (811) - - (811) 10,407 9,596 9,596 9,596

Page 5

Hairy Hounz NOTES TO THE ACCOUNTS

for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 6

Hairy Hounz NOTES TO THE ACCOUNTS

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the Statement of Financial Activities. No depreciation is provided in respect of investment properties.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 7

Hairy Hounz NOTES TO THE ACCOUNTS

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Page 8

Hairy Hounz NOTES TO THE ACCOUNTS

2 Statement of Financial Activities - prior year

Income from: Donations, adoptions, shows and other fundraising Total Expenditure on: Raising funds Charitable activities Other Total Net income/(expenditure) Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income Donations, adoptions, shows and other fundraising	Unrestricted £ 20,096 20,096	Unrestricted funds 2022 £ 16,663 16,663 837 14,206 2,747 17,790 (1,127) - (1,127) (1,127) 10,227 9,100 Total 2023 £ 20,096 20,096	Total funds 2022 £ 16,663 16,663 837 14,206 2,747 17,790 (1,127) - (1,127) (1,127) 10,227 9,100 Total 2022 £ 16,663 16,663

Page 9

Hairy Hounz NOTES TO THE ACCOUNTS

4 Expenditure on raising funds

Unrestricted £ 154 109 219 1,000 1,482 ~~Unrestricted~~ £ 8,959 565 - 240 9,764 Unrestricted £ 20 2,638 2,658 2022 £ 249 240 489	Total 2023 £ 154 109 219 1,000	Total 2022 £ 428 58 97 254
1,482	1,482	837




~~Unrestricted~~	~~Total~~	~~Total~~
	2023 £ 8,959 565 - 240 9,764 Total 2023 £ 20 2,638 2,658	2022 £ 13,480 486 - 240 14,206 Total 2022 £ - 961 2,747 2,747 2022 £ 256 240




		496

Page 10

Hairy Hounz NOTES TO THE ACCOUNTS

9 Movement in funds

Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds 10 Analysis of net assets between funds Net current assets	At 1 April 2022 9,100 9,100	Incoming resources (including other gains/losses ) £ 20,096 15,896 Unrestricted funds £ 15,292 15,292	Resources expended £ (13,904) (13,904) Restricted funds £ - -	At 31 March 2023 £ 15,292 15,292 Total £ 15,292 15,292

Page 11

Hairy Hounz DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 March 2023

Unrestricted funds 2023 £ 20,096 20,096 20,096 154 109 219 1,000 1,482 1,482 8,959 565 9,524 240 240 9,764 20 2,638	Total funds 2023 £ 20,096 20,096 20,096 154 109 219 1,000 1,482 1,482 8,959 565 9,524 240 240 9,764 20 2,638	Total funds 2022 £ 16,663
		16,663
		16,663 428 58 97 254
		837
		837 13,480 486
		13,966
		240
		240
		14,206 - 2,747 2,747 - - 2,747 17,790 -
2,658 - - 2,658 13,904 -	2,658 - - 2,658 13,904 - 6,192
6,192		(1,127)

Page 12

Hairy Hounz DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Hairy Hounz DETAILED STATEMENT OF FINANCIAL ACTIVITIES
Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds	6,192 - 6,192	6,192 - 6,192	(1,127) -
			(1,127)

Page 13