Charity Registration No. 1165221
OAKWOOD DOG RESCUE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020
OAKWOOD DOG RESCUE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
N Smith Ms G C Williams Ms C Gillett
(Appointed 1 June 2020)
Charity number 1165221
Principal address Unit 17E Lake Enterprise Park Bergen Way Sutton Fields Industrial Estate Hull HU7 0YQ
Independent examiner
Cottons Accountants LLP The Stables Church Walk Daventry Northamptonshire United Kingdom NN11 4BL
OAKWOOD DOG RESCUE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
OAKWOOD DOG RESCUE
TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees present their report and financial statements for the year ended 30 September 2020.
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
The charity takes in unwanted dogs and looks after them until loving homes can be found. The charity also aims to promote humane behaviour towards dogs and to educate the public in dog welfare both in the UK and Europe.
The charity provides appropriate care, protection, treatment and security for dogs in need, homeless dogs and unwanted or mistreated/abused dogs. The charity maintains a rescue kennels to allow the above to take place.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Public benefit
The charity provides appropriate care, protection, treatment and security for dogs in need, homeless dogs and unwanted or mistreated/abused dogs. The charity maintains a rescue kennels to allow the above to take place.
The Trustees have referred to the guidance contained in the Charity’s Commissions’ general guidance public benefit when reviewing the Trust’s aims and objectives and in planning future activities
Grant making
We do not provide grants to other organisations
Volunteers
We are grateful for the many hours’ volunteers have spent caring for and walking our dogs. Without this valuable contribution of time, energy and expertise we would not be able to help so many dogs.
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OAKWOOD DOG RESCUE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
Achievements & Performance
Number of dogs rehomed:
We rehomed 172 dogs during the period, this was an increase of 83 dogs compared to 2019, almost double compared to 2019. Our return rate for 2020 was 8 dogs, an increase compared to 2019 even with the increase in the number of adoptions. We are now running at 4.65% return rate which is still exceptional. Our return rate has reduced over the previous years from 10% in 2017 to 7% in 2018 down to 2% in 2019, with a slight increase in 2020 given the increase in adoption numbers we can’t be disappointed by this figure.
Our work in Romania continues and we are looking at the possibility of opening a shelter over there in 2021. This will involve significant investment both financially and time. However, we feel it critical to enable us to provide the care for our dogs over there whilst they are waiting to travel.
Kennel Improvements: 2020 has been a year of utilising the COVID lockdown time whilst we are quiet to continue with our kennel refurbishment. This will continue into 2021 during which time we hope it will be completed.
Adoption Processes: Each year we review our adoption process and have again made some changes to increase the number of dogs rehomed whilst keeping the return rate low. As you can see from the above figures these changes have had the desired effect and we will continue to monitor both our rehoming figures and return rate to ensure it stays high and low respectively. Our target for 2021 is 350 dogs.
Fundraising: In the year ending 2020 we raised over £250k this is up significantly on the previous years, £178k in 2019, £144k in 2018 and in 2017 we raised just over £111k. We will continue to try and increase year on year. Our target for 2021 is £500k.
Investments: In 2020 we made a move into the business sector and we have taken a lease on a premises to offer dog related services to the local area (Play Park, Grooming Salon, Café). The income from this venture will fund our rescue operation and we hope it will make our income generation more secure going forward. This is a big investment for us as the building required a refurbishment. We also had to close the premises only 2 weeks after we opened in March 2020 due to COVID and we have not been able to reopen since. As a result the income we hoped to generate from the business has been delayed now into 2021. However, our landlord has been wonderful and has reduced our rent significantly to enable us to continue the lease without trading.
Volunteers: Unfortunately, due to COVID we have had to stop volunteers and dog walkers for the duration of 2020. However, we are so grateful to those supporters and volunteers who have continued to support us remotely.
Financial review
Reserves policy
At the end of 2020 our reserves have improved significantly, mainly due to our huge increase in adoptions and grants received from the government as part of the COVID crisis. We have taken on a Bounce back loan of £30k during the 2020 year, this is held in our reserves at the moment and is there should we need it moving forward.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Governing document
CIO Foundation Documentation Registered 19/01/2016
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OAKWOOD DOG RESCUE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
The trustees who served during the year and up to the date of signature of the financial statements were: N Smith
Ms G C Williams Ms C Gillett (Appointed 1 June 2020)
Recruitment and appointment of new trustees
Recruitment and appointment of new trustees is discussed during the Annual General Meeting.
Key management remuneration
The highest paid member of staff is the Rescue Care Manager, who is responsible for running the kennels on a day to day basis.
The trustees' r eport was approved by the Board of Trustees.
Ms G C Williams
Trustee Dated: 29 October 2021
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OAKWOOD DOG RESCUE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OAKWOOD DOG RESCUE
I report to the trustees on my examination of the financial statements of Oakwood Dog Rescue (the charity) for the year ended 30 September 2020.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACA, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) 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.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Callum Veasey ACA on behalf of Cottons Accountants LLP
The Stables Church Walk Daventry Northamptonshire NN11 4BL United Kingdom
Dated: 29 October 2021
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OAKWOOD DOG RESCUE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| Notes | £ |
£ | |
| Income from: | |||
| Donations and legacies | 2 | 275,156 | 178,855 |
| Investments | 3 | 11 | 2 |
| Total income | 275,167 | 178,857 | |
| Expenditure on: | |||
| Raising funds | 4 | 22,008 | 18,901 |
| Charitable activities | 5 | 197,011 | 142,508 |
| Other | 9 | 1,063 | 2,531 |
| Total resources expended | 220,082 | 163,940 | |
| Net income for the year/ | |||
| Net movement in funds | 55,085 | 14,917 | |
| Fund balances at 1 October 2019 | 11,605 | (3,312) | |
| Fund balances at 30 September 2020 | 66,690 | 11,605 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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OAKWOOD DOG RESCUE
BALANCE SHEET
AS AT 30 SEPTEMBER 2020
| 2020 2019 Notes £ £ £ Fixed assets Tangible assets 10 69,702 Current assets Debtors 11 - 400 Cash at bank and in hand 39,553 10,820 39,553 11,220 Creditors: amounts falling due within one year 14 (11,737) (12,240) Net current assets/(liabilities) 27,816 Total assets less current liabilities 97,518 Creditors: amounts falling due after more than one year 15 (30,828) Net assets 66,690 Income funds Unrestricted funds 66,690 66,690 |
£ 19,231 (1,020) 18,211 (6,606) 11,605 11,605 11,605 |
|---|---|
The financial statements were approved by the Trustees on 29 October 2021
Ms G C Williams Trustee
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020
1 Accounting policies
Charity information
Oakwood Dog Rescue is an unincorporated charity.
1.1 Accounting convention
The financial statements have been prepared in accordance 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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. 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 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.
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
1 Accounting policies
(Continued)
1.5 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.
1.6 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:
Plant and equipment 25% reducing balance Fixtures and fittings 25% reducing balance Motor vehicles 25% reducing balance
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 net income/(expenditure) for the year.
1.7 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.
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
1.8 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.9 Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
2 Donations and legacies
| 3 4 |
UnrestrictedUnrestricted funds funds 2020 2019 £ £ Adoptions 21,233 15,355 Donations 196,581 157,181 Grant income 48,866 - Shop sales 43 935 Rent income 2,000 4,800 Sponsorships - 584 Happy paws 6,433 - 275,156 178,855 Investments UnrestrictedUnrestricted funds funds 2020 2019 £ £ Interest receivable 11 2 Raising funds UnrestrictedUnrestricted funds funds 2020 2019 £ £ Other trading activities The hub expenditure 1,389 - Dog grooming and training 2,014 2,000 Veterinary fees 12,724 14,497 Purchases 2,479 2,404 Happy paws expenditure 3,402 - 22,008 18,901 22,008 18,901 |
|---|---|
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
5 Charitable activities
| Staff costs Depreciation and impairment Hire of plant and machinery Repairs and renewals Advertising Travelling Share of governance costs (see note 6) Support costs Support costs Governance costs £ £ Cleaning - 3,758 Insurance - 1,228 Rent and rates - 30,669 Telephone - 2,148 Postage and stationery - 535 Subscriptions - - Sundries - 2,889 Accounting and professional - 3,102 IT software - 2,447 - 46,776 Analysed between Charitable activities - 46,776 |
2020 £ 3,758 1,228 30,669 2,148 535 - 2,889 3,102 2,447 46,776 46,776 |
Charitable Expenditur e Charitable Expenditur e 2020 2019 £ £ 89,011 72,116 23,234 6,410 875 281 25,110 11,593 1,157 88 10,848 9,683 150,235 100,171 46,776 42,337 197,011 142,508 Support costs Governance costs 2019 £ £ £ - 3,790 3,790 - 3,028 3,028 - 24,725 24,725 - 1,884 1,884 - 410 410 - 2,100 2,100 - 2,002 2,002 - 3,233 3,233 - 1,165 1,165 - 42,337 42,337 - 42,337 42,337 |
|---|---|---|
6 Support costs
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
Trustees' expenses
Trustees' were reimbursed for expenses that were incurred throughout the year. All expenses were wholly and exclusively related to the running of the charity. All adequate receipts have been kept and were submitted by the trustees to the charity.
8 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| 12 | 10 | |
| Employment costs | 2020 | 2019 |
| £ | £ | |
| Wages and salaries | 86,260 | 71,072 |
| Other pension costs | 2,751 | 1,044 |
| 89,011 | 72,116 | |
| No employees received emoluments in excess of £60,000. | ||
| Other | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2020 | 2019 | |
| Financing costs | 1,063 | 2,531 |
| 1,063 | 2,531 |
9 Other
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
| 10 Tangible fixed assets Plant and equipment Fixtures and fittings Motor vehicles £ £ £ Cost At 1 October 2019 12,416 - 19,772 Additions 23,550 50,155 - At 30 September 2020 35,966 50,155 19,772 Depreciation and impairment At 1 October 2019 5,432 - 7,525 Depreciation charged in the year 7,633 12,539 3,062 At 30 September 2020 13,065 12,539 10,587 Carrying amount At 30 September 2020 22,901 37,616 9,185 At 30 September 2019 6,984 - 12,247 11 Debtors 2020 Amounts falling due within one year: £ Prepayments and accrued income - 12 Loans and overdrafts 2020 £ Bank loans 30,000 Payable within one year 2,500 Payable after one year 27,500 |
Total £ 32,188 73,705 105,893 12,957 23,234 36,191 69,702 19,231 2019 £ 400 2019 £ - - - |
|---|---|
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
13 Finance lease commitments
Future minimum lease payments due under finance leases:
| Within one year Within two and five years Creditors: amounts falling due within one year Notes Bank loans 12 Obligations under finance leases 13 Other taxation and social security Trade creditors Other creditors Accruals and deferred income Creditors: amounts falling due after more than one year Notes Bank loans 12 Obligations under finance leases 13 |
2020 £ (3,277) (3,328) (6,605) 2020 £ 2,500 3,277 256 - 4,384 1,320 11,737 2020 £ 27,500 3,328 30,828 |
2019 £ (2,909) (6,606) (9,515) 2019 £ - 2,909 453 3,373 4,185 1,320 12,240 2019 £ - 6,606 6,606 |
|---|---|---|
14 Creditors: amounts falling due within one year
15 Creditors: amounts falling due after more than one year
16 Retirement benefit schemes
Defined contribution schemes
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.
The charge to profit or loss in respect of defined contribution schemes was £2,751 (2019 - £1,044).
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OAKWOOD DOG RESCUE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2020
17 Movement in funds
| Balance at 1 October 2018 £ Unrestricted funds General fund (3,312) (3,312) Balance at 1 October 2019 £ Unrestricted funds General fund 11,605 11,605 |
Movement in funds Incoming resources Resources expended Transfers Revaluations, gains and losses Balance at 1 October 2019 £ £ £ £ £ 178,856 (163,939) - - 11,605 178,856 (163,939) - - 11,605 Movement in funds Incoming resources Resources expended Transfers Revaluations, gains and losses Balance at 30 September 2020 £ £ £ £ £ 275,167 (257,698) - - 29,074 275,167 (257,698) - - 29,074 |
|---|---|
18 Related party transactions
During the year, two companies, of which Ms G C Williams, Trustee, as is a director, paid rent at market value, for part of the building from the charity.
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