**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
- 2 -
## **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:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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
- 4 -
## **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.
- 5 -
## **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**
- 6 -
## **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.
- 7 -
## **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.
- 8 -
## **OAKWOOD DOG RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2020**_
## **2 Donations and legacies**
|**3**
**4**|**Unrestricted**Unrestricted
**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**
**Unrestricted**Unrestricted
**funds**
funds
**2020**
2019
**£**
£
Interest receivable
11
2
**Raising funds**
**Unrestricted**Unrestricted
**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|
|---|---|
- 9 -
## **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**
**£**
-
-
-|
|---|---|
- 12 -
## **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).
- 13 -
## **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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