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2024-03-31-accounts

HYPO HOUNDS CIO REGISTERED CHARITY NUMBER 1165858

ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

HYPO HOUNDS CIO
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
CONTENTS
Page
Charity Details 3
Trustees’ Report 4 – 11
Independent Examiner’s Report 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 – 28

Page 2 of 28

HYPO HOUNDS CIO

CHARITY DETAILS

Trustees

J Freeman A Davie S Pasquill C Springhall

Charity registered number

1165858

Principal o�ice

The Barn Lested Farm O�ices Plough Wents Road Chart Sutton Kent ME17 3SA

Chief executive o�icer

Jane Pearman FRSM

Ambassadors

Joe Pasquale Robin Ellis Dominic Littlewood Aimee Vivian Baron John Crawford

Independent Examiner

Kirsty Connell-Skinner Selkie Books Independent Examinations Westwood Station Road Conon Bridge IV7 8BJ

Bankers

Barclays Bank Pic 17 North Street Ashford Kent TN24 8TL

Page 3 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

ended 31 March 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP 2019), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Page 4 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Objectives and Activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to the Charity Commission published guidance on the operation of the Public Benefit requirement. The charity's main object is to relieve the sickness and preserve the health in children and relief of those in need, by reason of ill-health and disability. Assisting those with chronic health conditions or illness (in particular, but without limitation, Type 1 Diabetes) by providing specialist assistance dogs to be able to provide supportive care and assistance to them.

b. Our vision

of a trained Diabetic Alert Dog.

c. Our mission

Providing Diabetic Alert Dogs to families with a clinical need.

We train Diabetic Alert Assistance dogs to help people but predominantly children with Brittle Type 1 Diabetes, lead more independent lives.

d. Our values

Quality – in everything that we do. We achieve high standards and promote best practice.

e. Individual approach

We treat and respect each client and each dog as an individual and strive to help them.

f. Accountability

We are open, honest and transparent with all stakeholders.

g. Dog wellbeing

We work hard to ensure the health and happiness of our dogs. We ensure that the dog’s welfare is never compromised. We are committed to the Five Freedoms.

h. Innovation

We continually develop new ways in which dogs can help people with Diabetes, through our curiosity, learning and experience.

Page 5 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Achievements and Performance

a. Review of activities

Since 2016, Hypo Hounds has been making life-saving di�erences for children with Brittle Type 1 Diabetes. Our work began supporting one child and their dog, thanks to the vision and enthusiasm of our founder, Jane Pearman. Demand for our services remains incredibly high, from parents who believe that their child could benefit from our support. We have recognised that while assistance dogs provide a vital lifeline for many people, we have also developed a broader range of services to help even more families to increase their independence, improve confidence and reduce feelings of social isolation especially throughout and beyond the cost-of-living crisis.

Our services now include mental well-being clinics for the parents or caregivers of Type 1 Diabetics, which in turn provides a holistic approach to the assistance dog program services we provide.

Hypo Hounds services are now available in Kent, Essex, Surrey, London, East Sussex, West Sussex, Hampshire, Buckinghamshire, Su�olk and Northern Ireland. All training takes part at our National Training Centre, with continued support via our local community hub training teams as appropriate.

b. Making a di�erence to the Diabetic Community

Hypo Hounds would not be able to do our work without the many dedicated volunteers who give of their time so freely. Specifically, we are grateful to the following new members to our team for this financial year:

We would like to formally thank our entire team who work incredibly hard to ensure that our dogs are trained, and clients are supported both physically and emotionally. The charity is formally run by our Chief Executive and Founder, without her dedication, commitment, passion, and enthusiasm the charity would not be able to remain.

Page 6 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Achievements and Performance - continued

c. Cost of Living Crisis

At the time this report was prepared, we were in the middle of the cost-of-living crisis which has seriously impacted on the charity sector. As a board we are collectively proud of how Hypo Hounds have continued to conduct themselves and worked collaboratively with other organisations throughout this di�icult time.

The charity has seen a fall in volunteers due to individuals needing to return to work to accommodate the increase in living costs – total volunteers for this year is 93.

d. Achievements in 2024

Committed employer, Small Charities Coalition, Kent Invicta Chamber of Commerce member as well as a member of the Chartered Institute of Fundraising and Fund-Raising Regulator. We are continually striving towards our accreditation with Assistance Dogs UK and are bringing our policies and guidelines in line with their recommendations.

e. The Impact of our Work

Hypo Hounds supports clients with Brittle Diabetes through the help of a trained Diabetic Alert Dog, improving and enhancing the lives of both the Diabetic and their family. We are still proud to report that we have a 100% success rate of having ZERO hospital admissions as a direct result of a Hypo or Hyper (collapse due to low or high blood sugar). This has impacted on the NHS with a decrease in admissions which has never been as important as during and after the pandemic.

Through early detection and intervention Hypo Hounds clients are now at a lower risk of long- term health complications later in life such as renal failure and sight loss (this is formally documented by a clinician of one of our clients). We have seen an improvement in the mental well- being of the families we support.

While Diabetic technology is advancing our dogs are still able to beat all the latest testing and alerting systems by approximately 15 minutes in some cases. Working together with technology and clinicians we are improving the lives of these families. Hypo Hounds believe that by creating mutually beneficial partnerships between people and dogs, we can bring benefits to people most at risk from feeling lonely or at risk of losing their independence and the pandemic has proved this.

Hypo Hounds help to improve clinical, physical and the mental health of its clients and their support network. As part of our continued training, we are proud to be o�ering Puppy visits into the workplace/care homes and schools to not only mutually benefit the socialisation of our dogs but to also improve morale, productivity and reduce stress in these environments, this has proved to be extremely positive and has also helped us to forge friendships and support in the most unlikely places.

Page 7 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Achievements and Performance - continued

h. The Future

We recognise the need to constantly monitor, evaluate and work smarter. As we adapt our services, we can help to make the provision of an assistance dog more accessible to those with a clinical need and bring us and our policies in line with the larger Assistance Dog charities.

Financial Review

Financially our donations su�ered due to the economic fall, but we can draw on our reserves to help cover our ongoing costs when required. As a result of the crisis the board amended the reserves policy to 3 months running costs. In all areas we are doing our best to ensure that the charity is mitigating risks whilst providing a service to all our stakeholders. We continue to manage our operations accordingly to ensure we are ready to get back to working in our usual capacity as soon as possible.

Hypo Hounds were left a substantial amount of money from a legacy. The money is restricted at the wishes of the donor for the advancement of the charity’s activities and to deliver more services to more children. With that money we have secured the rental of a National Training Centre.

We would like to formally thank the many Trusts and Foundations as well as the many community groups and businesses for their support throughout the year especially:

Page 8 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Financial Review - continued

For the year ended 31 March 2024, income amounted to £163,139 (2022: £147,362), and expenditure amounted to £216,917 (2023: £133,637). The charitable activities undertaken during the year are detailed in note 6.

the year. Funds carried forward total £244,824 (2023: £298,602), of which £Nil (2023: £Nil) are designated funds and £174,748 (2023: £227,209) are restricted funds.

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Principal risks and uncertainties

systems are in place to mitigate exposure to the major risks.

c. Reserves policy

The trustees aim to maintain reserves at a level they deem su�icient for the future needs of the charity and are aiming to maintain reserves at a level su�icient to support 3 months' level of expenditure, which, based on the expenditure to 31 March 2024 would amount to £45,910 (2022: £33,409). At 31 March 2024, the free reserves amounted to £70,076 (2023: £71,393) and therefore the charity is achieving this target currently.

d. Material investments policy

Investment activities are managed in line with the requirements of the Trustee Act 2000. The trustees, having regard to the liquidity requirements of operating the charity and to the reserves policy, will operate a policy of keeping available funds in interest bearing deposit accounts and seek to achieve a rate of deposit which matches or exceeds inflation as measured by the Retail Prices Index.

Page 9 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Structure, Governance and Management

a. Constitution

The charity is a Charitable Incorporated Organisation registered on 3 March 2016.The registered number is 1165858. The governing document is a constitution dated 27 October 2015, and subsequently amended on 30 March 2021.

b. Method of appointment or election of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Constitution.

The governing document prescribes that there shall be a minimum of two trustees and a maximum of twelve. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting trustees, the charity must have regard to the skills, knowledge and experience needed for the e�ective administration of the charity.

Prospective trustees are recommended by existing trustees to join the board of trustees, or advertisements are placed in the local press.

c. Policies adopted for the induction and training of Trustees

d. Organisational structure and decision making

The trustees consider the trustees and Chief Executive O�icer compromise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a dayto-day basis. All trustees give their time freely and no trustee received remuneration in the year for services as a trustee.

Any trustee may call a meeting of the trustees. Decisions are made by a simple majority of votes cast at a meeting. In the case of an equality of votes, best endeavours will be made to reach an agreement. If no agreement can be made the Chair of the Board will be a�orded a casting or final vote. No decision shall be taken at a meeting unless a quorum is present. A quorum is two trustees, or the nearest number to one third of the total number of trustees, whichever is the greater, or such larger number as the trustees may decide from time to time.

Page 10 of 28

HYPO HOUNDS CIO

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Structure, Governance and Management - continued

Trustees’ Responsibilities Statement

accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

for each financial year, which give a true and fair view of the state of a�airs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are su�icient to show and explain the charity's transactions and 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.

This report was approved by the Trustees on 09/12/2024 and signed on their behalf, by John Freeman

John Freeman

Page 11 of 28

HYPO HOUNDS CIO

INDEPENDENT EXAMINERS’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent Examiner's Report to the Trustees of Hypo Hounds CIO (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2024.

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. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and 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

connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 9 October 2024

Kirsty Connell-Skinner MA(Hons) MBA Selkie Books Independent Examinations Westwood, Station Road, Conon Bridge, IV7 8BJ A�iliate Member of the Association of Independent Examiners

Page 12 of 28

HYPO HOUNDS CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and grants
2
Fundraising activities
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5
Charitable activities
6-9
Total expenditure
Net income before other
recognised gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
2024
£
136,520
20,931
5,688
163,139
16,120
148,336
164,456
(1,317)
(1,317)
71,393
70,076		 Restricted
Funds
2024
£
-
-
-
-
-
(52,461)
52,461
(52,461)
(52,461)
227,209
174,748		 Total
Funds
2024
£
136,520
20,931
5,688
163,139
16,120
200,797
216,917
(53,778)
(53,778)
298,602
244,824		 Total
Funds
2023
£
134,577
8,824
3,961
147,362
7,499
126,138
122,637
13,726
13,726
284,876
298,602

Page 13 of 28

HYPO HOUNDS CIO

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024

Note
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:
amounts falling due
within one year
15
Net current assets
Net assets
Charity Funds
Restricted funds
16
Unrestricted funds
16
Total funds		 £
-
7,277
234,454
241,731
(7,721)		 2024
£
18,091
226,733
244,824
174,748
70,076
244,824		 £
2,454
8,573
269,258
280,285
(7,911)		 2023
£
26,228
272,374
298,602
227,209
71,393
298,602

behalf, by John Freeman

John Freeman

Page 14 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting Policies

1.1 General information

Hypo Hounds is a Charitable Incorporated Organisation, registered at the Charity Commission under registration number 1165858. The charity’s registered o�ice is The Barn, Lested Farm O�icers, Plough Wents Road, Chart Sutton, Kent, ME17 3SA.

1.2

recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Charities Act 2011, the 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 of Ireland (FRS 102) (revised October 2019) and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (revised 1 January 2019).

1.3 Going concern

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.

1.4 Income

Income is recognised when the charity has entitlement to the income, after any performance conditions have been met, the amounts can be measured reliably, and it is probable that the 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.

amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Page 15 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1.5 Expenditure

Expenditure is accounted for on an accruals basis and a liability is recognised once there is a legal or constructive obligation, when it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. The Charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.

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.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations.

in the Trustees' Report. Charitable expenditure includes governance costs and an apportionment accountability of support costs. Governance costs comprise all costs involving the public of the Charity and its compliance with regulation and good practice. These include independent examination and insurance fees.

Rentals under operating leases are charged as incurred over the term of the lease.

1.6 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted

1.7

All assets costing more than E1,000 are capitalised.

that the carrying-value of-any fixed asset may not-be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.

Page 16 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1.7

Depreciation is provided at rates calculated to write o� the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor vehicles 4 years straight line Fixtures and fittings 2 years straight line

1.8 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion

1.9 Debtors

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

1.10 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.11 Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising 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 recognised at their settlement amount.

1.12 Financial Instruments

financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the e�ective interest method.

Page 17 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1.13 Critical accounting estimates and areas of judgement

ln 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 di�er 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 a�ects only that period, or in the period of the revision and future periods where the revision a�ects both current and future periods.

The accounting treatment of dogs:

costs of the charity, incurred in line with charitable objectives. Costs are expensed in the period in which they are incurred, and no asset nor corresponding liability is recognised in the balance sheet. The Trustees' judge that the associated costs represent key running costs of the charity and delivery of its charitable objectives, rather than development of a resource controlled by the company, i.e. an asset, and that this treatment is consistent with the Charities SORP definition of expenditure, being the amount of a charity's resources spent in carrying out its activities.

Page 18 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2.
Income from donations and legacies
Unrestricted
Funds
2024
£
Donations and gifts
22,549
Grants
113,971
Total donations and legacies
136,520
Total 2023
125,577		 Restricted
Funds
2024
£
-
-
-
9,000		 Total
Funds
2024
£
22,549
113,971
136,520
134,577		 Total
Funds
2023
£
60,096
74,481
134,577

are given in the annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

3. Income from fundraising activities

Unrestricted
Funds
2024
£
Fundraising activities
20,931
4.
Income from charitable activities
Unrestricted
Funds
2024
£
Gross receipts
5,688		 Restricted
Funds
2024
£
-
Restricted
Funds
2024
£
-		 Total
Funds
2024
£
Total
Funds
2023
£
20,931
8,824
Total
Funds
2024
£
Total
Funds
2023
£
5,688
3,961

Page 19 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Expenditure on raising funds

Fundraising and event
consultants
Fundraising platforms
Other fundraising
costs		 Unrestricted
Funds
2024
£
8,887
1,259
5,973
16,120		 Restricted
Funds
2024
£
-
-
-
-		 Total
Funds
2024
£
8,887
1,259
5,973
16,120		 Total
Funds
2023
£
216
-
7,283
7,499

6. Expenditure on charitable activities

Dog training Direct costs
2024
£
4,979		 Support costs
2024
£
184,679		 Support costs
2024
£
184,679
Of which:
Direct costs
Support costs		 Unrestricted
Funds
2024
£
1,148
147,188
148,336		 Restricted
Funds
2024
£
3,831
48,630
52,461		 Total
Funds
2024
£
4,979
195,818
200,797		 Total
Funds
2023
£
21,177
104,962
142,881

Page 20 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Direct costs

Dog purchase and training
Vet fees		 Total
2024
£
3,831
1,148
4,979		 Total
2023
£
21,177
-
21,177

8. Support costs

Charity Ball Expenditure
Depreciation
Equipment
IT & Communications
Governance Costs (note 9)
O�ice Costs
Sta�ing Costs
Subscriptions
Sundries
Transport & Travel
Volunteer Expenses		 Unrestricted
Funds
2024
£
-
11,140
10,359
2,931
16,309
6,317
76,175
1,875
1,152
18,174
2,756
147,188		 Restricted
Funds
2024
£
-
-
3,014
-
-
45,616
-
-
-
-
-
48,630		 Total
Funds
2024
£
-
11,140
13,373
2,931
16,309
51,933
76,175
1,875
1,152
18,174
2,756
195,818		 Total
Funds
2023
£
16,571
8,569
1,478
966
7,944
20,353
37,538
834
350
10,359
-
104,962

Page 21 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9.
Governance costs
Accountancy /
Independent Examination
Legal Costs
Other (including
Insurance)		 Unrestricted
Funds
2024
£
2,198
6,589
7,523
16,309		 Restricted
Funds
2024
£
-
-
-
-		 Total
Funds
2024
£
2,198
6,589
7,523
16,309		 Total
Funds
2023
£
2,720
-
5,224
7,944

10. Sta� costs

Total Total
2024 2023
£ £
Sta� PAYE 76,175 37,538

No employee received remuneration totalling more than £60,000, during either the current or prior year.

kind (2023: £Nil). One trustee received reimbursement of £111 (2023: no trustees) in respect of reimbursed travel, subsistence or accommodation expenses.

The key management personnel of the charity comprise the Trustees and the Chief Executive O�icer. The total employee benefits for these personnel were £29k (2023: £31k). The Trustees received no remuneration.

The average number of employees was:

The average number of employees was:
2024 2023
No. No.
Employees 4 4

Page 22 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11.
Net income / (expenditure)
This is stated after charging:
Depreciation of tangible fxed assets owned by the charity
Independent examiner fees
Operating lease rentals
12.
Tangible fxed assets
Motor
vehicles
£
Cost
At 1 April 2023
51,590
Additions
1,100
At 31 March 2024
52,690
Depreciation
At 1 April 2023
29,872
Charge for the year
9,856
At 31 March 2024
39,728
Net book value
At 31 March 2024
12,962
At 31 March 2023
21,718		 11.
Net income / (expenditure)
This is stated after charging:
Depreciation of tangible fxed assets owned by the charity
Independent examiner fees
Operating lease rentals
12.
Tangible fxed assets
Motor
vehicles
£
Cost
At 1 April 2023
51,590
Additions
1,100
At 31 March 2024
52,690
Depreciation
At 1 April 2023
29,872
Charge for the year
9,856
At 31 March 2024
39,728
Net book value
At 31 March 2024
12,962
At 31 March 2023
21,718		 Total
2024
£
11,140
500
19,002
Fixtures
and fttings
£
11,323
1,903
13,226		 Total
2023
£
8,569
1,700
22,042
Total
£
62,913
3,003
65,916
29,872
9,856
39,728
12,962
21,718		 6,813
1,284
8,097
5,129
4,510		 36,685
11,140
47,825
18,091
26,288

Page 23 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13.
Stocks
Finished goods and goods for resale
14.
Debtors
Due within one year
Other debtors
Prepayments and accrued income
15.
Creditors
Amounts falling due within one year
NI and pension costs
Accruals and deferred income		 2024
£
-
2024
£
4,050
3,227
7,277
2024
£
3,050
4,671
7,721		 2023
£
2,454
2023
£
4,050
4,523
8,537
2023
£
3,278
4,633
7,911

Page 24 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16.
Statement of funds
Statement of funds – current year
Balance at
1 April
2023
£
General funds
General fund
71,393
Total Unrestricted
funds
71,393
Restricted funds
Peter Jenkins Legacy Fund
218,209
Other restricted funds
9,000
Total Restricted funds
227,209
Total of funds
298,602		 Income
£
163,139
163,139
-
-
-
163,139		 Expenditure
£
(164,456)
(164,456)
(48,630)
(3,831)
(52,461)
(216,917)		 Balance at
31 March
2024
£
70,076
70,076
169,579
5,169
174,748
244,824

Page 25 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Statement of funds - continued

Statement of funds – prior year
Balance at
1 April
2022
£
General funds
General fund
76,963
Total Unrestricted funds
76,963
Restricted funds
Assistance Dogs in
Northern Ireland
(18,000)
Peter Jenkins Legacy Fund
225,914
Childwick Trust
-
Other restricted funds
-
Total Restricted funds
207,914
Total of funds
284,876		 Income
£
134,401
134,401
-
-
-
12,961
12,961
147,362		 Expenditure
£
(139,971)
(139,971)
18,000
(7,705)
-
(3,961)
6,334
(133,637)		 Balance at
31 March
2023
£
71,393
71,393
-
218,209
-
9,000
227,209
298,602

Purpose of funds:

Unrestricted funds : These funds can be used in accordance with the Charity’s objectives, at the discretion of the Trustees.

Restricted funds:

Page 26 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. Analysis of net assets between funds

Analysis of net assets between funds – current year

Unrestricted
funds
2024
£
Tangible fxed assets
12,962
Current assets
70,076
Creditors due within one year
(7,721)
75,317
Analysis of net assets between funds – prior year
Unrestricted
funds
2023
£
Tangible fxed assets
5,228
Current assets
74,076
Creditors due within one year
(7,911)
71,393		 Restricted
funds
2024
£
Total
funds
2024
£
5,129
18,091
173,600
243,676
-
(7,721)
178,729
254,046
Restricted
funds
2023
£
Total
funds
2023
£
21,000
26,228
206,209
280,285
-
(7,911)
227,209
298,602

Page 27 of 28

HYPO HOUNDS CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Operating lease commitments

At 31 March 2024 the total of the Charity’s future minimum lease payments under noncancellable operating leases was:

Amounts payable:
Within 1 year
Between 1 and 5 years
Total		 2024
£
19,002
-
19,002		 2023
£
3,042
-
3,042

19. Related party transactions

Since June 2020, the Chief Executive O�icer has been a salaried employee of the charity.

The Chief Executive O�icer is a member of key management personnel.

The Chief Executive O�icer's spouse, R Pearman, was employed on a zero-hour contract during the year. Their total remuneration for the year amounts to £895 (2023: £2,676).

ln addition to this a close family relation, S Pearman, was employed during the year. Their total remuneration for the year amounts to £1,630 (2023: £7,090). There were no other related party transactions.

Page 28 of 28