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← Margaret Green Animal Rescue

2024-09-30-accounts

Charity registration number: 1167990

MARGARET GREEN ANIMAL RESCUE (A CHARITABLE INCORPORATED ORGANISATION)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Chartered Accountants

MARGARET GREEN ANIMAL RESCUE

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 7
Statement of Trustees' Responsibilities 8
Independent Auditors' Report 9 to 12
Consolidated Statement of Financial Activities 13
Consolidated Balance Sheet 14
Balance Sheet 15
Consolidated Statement of Cash Flows 16
Notes to the Financial Statements 17 to 40

MARGARET GREEN ANIMAL RESCUE REFERENCE AND ADMINISTRATIVE DETAILS

Chief Executive Officer Mr N Mason
Trustees Mr M Nathan
Mrs L Suchanek
Mr A Simons
Ms T Sheldon
Mrs Sarah Oldfield
Charity Registration Number 1167990
Registered Office Margaret Green Animal Rescue
Church Knowle
Wareham
Dorset
BH20 5NQ
Auditor Edwards and Keeping Limited
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
Solicitors Taylor Rose MW
Stuart House
St Johns Street
Peterborough
PE1 5DD
Bankers NatWest
5 Old Christchurch Road
BOURNEMOUTH
Dorset
BH1 1DU
Lloyds
15 Blackheath Village
London
SE3 9LH
Investment Managers Hermes Property Unit Trust
Lloyds Chambers
1 Portsoken Street
London
EC1 8HZ
Redmayne Bentley
139 Commercial Road
Ashley Cross
Poole
Dorset
Rescue Centres Church Knowle, Wareham, Dorset, BH20 5NQ
Lincoln
Farm,		 Bere Road, Winterborne Kingston, Blandford,
Dorset, DT11 9BP
Wingletang, Brentor Road, Heathfield, Tavistock, Devon, PL19
0LF

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

The trustees, present the annual report together with the financial statements and auditors' report of the charity for the year ended 30 September 2024.

Trustees and Officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Mr M Nathan Mrs L Suchanek Mr A Simons Mr D Walker (resigned 21 May 2024) Ms T Sheldon Mrs Sarah Oldfield (appointed 21 May 2024) Rebecca Steeden (appointed 21 May 2024 and resigned 9 January 2025)

Chief Executive Officer: Mr N Mason

Trustees' Report 2024/25

We continue to put the health and welfare of all our animals at the very core of everything we do and in doing so we make a significant difference to the lives of animals and people that we touch.

The numbers of stray dogs taken in via the two Dorset council contracts continued to rise during this financial year and a difficult decision was made to give notice that we would not renew those contracts due to cost, both in terms of veterinary treatment and length of time taken to rehabilitate those dogs that had significant behavioural issues. This had resulted in our inability to help local pet owners who needed help with their pets due to resources taken up by stray dogs, and subsequently we helped fewer dogs over the year. Only a third of strays taken in under contract were claimed by their owners leading us to conclude that these dogs were the victims of owners who chose not to reclaim or deliberately abandoned their dogs, relying on the local authority or public to pick them up and hopefully before sickness or injury occurs.

Investment in a new role for a Clinical Animal Behaviourist was put in place and recruitment initiated. The role will enhance our ability to provide consistent high quality animal behaviour evaluations in our centres, provide pre-and post-home support for animal adopters, increase educative output to the public and provide consistent professional internal animal behaviour training for employees and volunteers.

The Board of Trustees remain committed to maintain a skilled and motivated workforce, despite the challenges of rising costs versus income. A training budget has been maintained, and mental health training has been delivered to all employees with ongoing support planned. Our people have also benefitted from technical training delivered by other supporting charities within the sector including the Battersea Academy and International Cat Care. Several employees also attend the annual ADCH Conference that has become an invaluable source of networking with others in the sector as well as two days of intense learning.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Strong leadership, with a sense of direction and inclusion, is important in these challenging times. The Board have recognised this, forming a strong working partnership with the CEO. Good governance is valued, and work continues to ensure this area of responsibility is maintained with ongoing training for trustees. This ensures the charity is fit for purpose, and able to meet significant challenges ahead to deliver the best outcomes for all of our stakeholders, especially the animals that bind us in our mission and vision.

Income generation is a particularly challenging area for any charity and the implementation of a recently commissioned retail strategy has started to bear fruit, significantly increasing the profit made via our retail shops that is returned to pay for the core operational costs of the charity. The success of this strategy has been dependent upon our wonderful shop volunteers, volunteer drivers and the communities in which we are embedded, who both donate and buy our goods. Our small fundraising and communications team of three, have found the current economic climate particularly challenging and this area of income generation will require further investment to enable it to generate funds required going forward. Once again, we acknowledge the great support received by our supporters and volunteers.

Strategic discussions have been initiated by the Board of Trustees working with the CEO to start the process of building upon the three-year Strategic Plan that was initiated in 2022 and further work will be undertaken throughout 2024/25 to enable the charity to survive and thrive into the future.

It would be remiss not to recognise the dedication and care delivered by all members of our teams and including those volunteers that selflessly work alongside our people in each of the rescue centres and our retail shops. Without all these people we could not have maintained the high standards of operation in such difficult conditions and we thank them sincerely.

Objectives and activities

The objectives and values of the Charity are to

Rescue, Care, Rehome and Support

We will Rescue homeless, abandoned, neglected or mistreated animals, ensuring Veterinary Care, rehabilitation and respect for each animal. Finding suitable forever homes for the pets in our care to be Rehomed, and providing lifelong Support for owners and their rescued pets.

As part of this we abide by the Five Freedoms for Animal Welfare

  1. Freedom from hunger or thirst, by ensuring easy access to fresh water, and a suitable diet to maintain a full and healthy life

  2. Freedom from discomfort by providing the appropriate environment including shelter and a resting area which is both comfortable and safe

  3. Freedom from pain, injury or disease wherever possible from prevention, or the early detection and rapid diagnosis and treatment

  4. Freedom to express (most) normal behaviour by providing sufficient space, proper facilities, enrichment programmes and company of the animal’s own kind

  5. Freedom from fear and distress by ensuring our conditions and treatment avoid any mental suffering

To achieve our objectives we invest in resources that will allow us to increase the number of animals we are in a position to help, whilst ensuring that the high level of care is not compromised.

Public benefit

The trustees have given due regard to public benefit when planning the charity's activities in accordance with the Charity Commission's guidance on public benefit. Our activities of rescuing homeless, abandoned, neglected or mistreated animals are in the public benefit as we care for the animals that some of the public are no longer able or willing to do.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Financial review

The financial statements on the following pages provide full details of the results for the year and the charity's financial position at the year end. In summary the Consolidated Charity has a financial surplus of £1,002,497 compared to £73,336 in the previous financial year.

The Board of Trustees consider the Charity a sustainable and financially strong animal welfare charity. Our plans for the next three years will be based on our determination to maintain our commitment to animal welfare across our geographic region supported by our ongoing financial performance.

Policy on reserves

The trustees have identified the following financial risks to the charity: dependence upon legacy income and the risk that this may not be forthcoming; and prolonged site closure due to infection, government-imposed restriction of movement or widespread property damage; both of which would result in loss of income from charitable activity and donations. We have calculated that either of these things could result in a loss of approximately £600,000 per annum until such a time as normal business activity resumes. The trustees have decided that it is therefore prudent to keep in reserve an amount of £1,200,000. This is entitled the Financial Risk Reserve.

The trustees have then set aside a number of other designated funds:

• A Depreciation Reserve of £3,233,185 has been established equivalent to the value of Depreciable Fixed Assets; these are the three centres which provide all animal welfare capability.

• An Investment Reserve of £2,649,426 has been established consisting of our Agricultural and other rental assets in Lincolnshire, and our Co-op Investment propety which generate essential annual investment income towards our operating costs.

The net result of these various Reserves and Designated Funds is that all the Trustees consider that a Free Reserve for day to day cash flow management should be maintained; this would currently be in the order of £800,000.

Restricted income from donations is spent in accordance with the donors' wishes.

Achievements and performance

Key Performance Indicators (KPIs)

Our Key Performance Indicators (KPIs) cover three main areas: Animal Care, Finance and Customer Care.

Financial Performance

A detailed statement of our financial performance is provided above.

Animal Care

Rehoming Statistics

See the table below for the rehoming statistics of both dogs and cats:-

• Figures for the previous 12 month period are indicated in parentheses (123). Whilst the number of dogs rescued and rehomed remain relatively constant, the number of stray dogs taken in reduced by 50% as the 2 stray contracts ran down during the period. Cats rescued and rehomed also remained relatively constant.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

DOGS - LINCOLN FARM DOGS - LINCOLN FARM DOGS-WINGLETANG DOGS-WINGLETANG TOTAL
Rescue : In 206 (240) Rescue:In 164 (156) 370 (396)
Rehomed 192 (199) Rehomed 143 (149) 335 (348)
Strays: In 100 (199) Strays: In 5 (5) 100 (204)
Claimed 30 (127) Claimed 4 (4) 35 (5)
CATS - CHURCH KNOWLE CATS - CHURCH KNOWLE CATS - WINGLETANG CATS - WINGLETANG TOTAL
Rescue: In 129 (127) Rescue: In 99 (130) 228 (257)
Rehomed 125 (110) Rehomed 118 (106) 243 (216)

Animal Care and Rehoming

The number of animals that came into our care and were rehomed after medical and behavioural assessment interventions has increased significantly. Dogs and cats account for the majority of animals helped.

Church Knowle Centre, Dorset

At Church Knowle, we care for and rehome various species, including equines, sheep, goats, pigs, rabbits, guinea pigs, ducks, geese, and chickens.

Wildlife Care

Occasionally, the public brings sick, injured, or orphaned wildlife to our centres. We have a triage and assessment methodology to determine the viability of returning these animals to the wild, utilizing specialist contacts, in-house expertise, and veterinary practices. While we acknowledge our limitations in wildlife care, we strive to apply the same rigour as we do with all animals in our care.

Partnerships and Collaborations

Wingletang Centre

Our Wingletang centre has established strong relationships with the RSPCA and local police. Together, we provide essential support, including accommodation for animals in need and assistance during welfare investigations involving significant numbers of cats or dogs.

Lincoln Farm Centre

Specializing in canine care, Lincoln Farm has managed an increasing number of stray dogs under contracts with two local authorities. This has impacted our ability to take in dogs from local pet homes, slowing down rehoming efforts-a core KPI. We plan to relinquish these contracts by the end of 2024.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Facility Improvements and Community Engagement

Church Knowle Site

Accredited by the RSPCA, Church Knowle will care for horses under RSPCA control until they can be rehomed. We plan to improve several paddocks to better care for goats, sheep, and equines during the winter when the land becomes water-logged. The centre also supports All Sort’d, a charity for young adults with learning disabilities, who visit and volunteer weekly.

Fundraising and Retail

Digital Engagement

Our Fundraising/Comms team has improved digital engagement, increasing the frequency of posts and responses. Several successful appeals for funds have been made, and further growth in this area is planned.

Charity Shops

Our charity shops have increased their value and profitability. A new shop in Wareham quickly became a top performer. We continue to search for a 'superstore' outlet for second-hand furniture.

Financial Stability and Strategic Planning

Support and Legacy

Our charity remains well-supported and esteemed as a compassionate, professional organization. Legacy contributions are vital, covering significant operational costs and enabling us to meet community needs. Our strategic plan and annual cycle help navigate financial challenges, with devolved budgets ensuring value for money. Thanks to diligent budget management, we control costs while delivering essential services

Plans for future periods

Aims and key objectives for future periods

We are committed to rehoming all animal species that we can care for, ensuring they receive high-quality care and find suitable long-term homes. We will explore the utilisation of a ‘foster care scheme’ to improve both the welfare and throughput for rehoming services. To achieve this, we need to secure funding to maintain our services and continuously improve our facilities and staff expertise.

To enhance our team's knowledge, we will hire a clinical animal behaviourist. This addition will help us develop new services within our communities, benefiting both animals and people.

We aim to grow our income base through our Marketing & Fundraising team and retail shops. We will also explore and implement other legitimate income-generating opportunities.

A comprehensive strategic review is planned to ensure we achieve our 10-year vision of helping more animals and their people.

People are the key enablers of our achievements. Full engagement with all stakeholders is crucial for our future success. We will develop comprehensive and clearly defined methods of engagement to enable their participation in the journey towards our vision.

MARGARET GREEN ANIMAL RESCUE

TRUSTEES' REPORT

Major risks and management of those risks

The trustees have examined the major strategic, business and operational risk which the charity faces and confirm that systems and reports have been established so that necessary steps can be taken to manage these risks. This is reviewed at every meeting of the trustees.

Structure, governance and management

Nature of governing document

The charity operated since it was founded in 1965 as an “unincorporated” organisation. Following new Charity Commission guidance we changed our legal status into a “Charitable Incorporated Organisation” (CIO) as of the 1st October 2016. The charity now has a new charity number, but its aims and objectives remain the same. The Board of Trustees govern the charity, and into which were transferred all the assets and liabilities of the previous charity.

Trustees are appointed following recognition by the board of a desirable skills or expertise shortage, and recruited following recommendations by trustees. All trustees receive an induction into the charity including visits to the rescue centres, and governance and financial information in accordance with Charity Commission guidelines. The charity currently has 6 Trustees who meet every other month to review the activities and the performance of the charity, including financial reviews, operational issues, and risk management.

Day to day management of the charity is delegated to the Chief Executive, who is assisted by a management team running the Rescue Centres and Commercial businesses.

In April 2016 a Trading Company was created to separate the risks of the commercial operations from the charity’s activities. The Trading Company incorporates all income from commercial boarding, online sales, and retail activity.

Staff remuneration is reviewed annually and considers the current financial performance of the charity, statutory requirements in respect of minimum/living wage limits, current rate of inflation and comparable pay rates within the charity sector.

Governing Document

The Constitution of the Charitable Incorporated Organisation was registered with the Charity Commission on the 1st July 2016.

Disclosure of information to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.

The annual report was approved by the trustees of the charity on 20 May 2025 and signed on its behalf by:

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees of Margaret Green Animal Rescue are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in England requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity and of incoming resources and application of resources of the charity for the period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution.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.

Approved by the trustees of the charity on 20 May 2025 and signed on its behalf by:

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARGARET GREEN ANIMAL RESCUE

Opinion

We have audited the financial statements of Margaret Green Animal Rescue (the 'parent charity') and its subsidiaries (the 'group') for the year ended 30 September 2024, which comprise the Consolidated Statement of Financial Activities, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

We have nothing to report in this regard.

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARGARET GREEN ANIMAL RESCUE

Matters on which we are required to report by exception

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

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities (set out on page 8), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

The auditor's objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes the auditor's opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordanc with ISAs (UK) we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARGARET GREEN ANIMAL RESCUE

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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

• the engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the charity sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charity, including the Charities Act, taxation legislation, data protection, employment, and health and safety legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

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

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and

MARGARET GREEN ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF MARGARET GREEN ANIMAL RESCUE

To address the risk of fraud through management bias and override of controls, we:

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;

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

•agreeing financial statement disclosures to underlying supporting documentation;

•reading the minutes of meetings of those charged with governance;

•reviewing correspondence with HMRC, Charity Commission and the company’s legal advisors

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

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

Use of our report

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

Edwards and Keeping Limited (Statutory Auditor)

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

4 June 2025

Edwards & Keeping is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

MARGARET GREEN ANIMAL RESCUE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Gains/losses on investment
assets
Net income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
24		 Unrestricted
£
1,402,871
260,939
1,023,944
153,763
2,841,517
(594,618)
(1,930,681)
(2,525,299)
684,390
1,000,608
1,889
1,002,497
7,873,991
8,876,488		 Restricted
£
7,769
-
-
-
7,769
-
(5,880)
(5,880)
-
1,889
(1,889)
-
-
-		 Total
2024
£
1,410,640
260,939
1,023,944
153,763
2,849,286
(594,618)
(1,936,561)
(2,531,179)
684,390
1,002,497
-
1,002,497
7,873,991
8,876,488		 Total
2023
£
1,245,032
234,940
837,144
139,101
2,456,217
(506,365)
(1,816,858)
(2,323,223)
(59,658)
73,336
-
73,336
7,800,655
7,873,991

All of the group's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 24.

MARGARET GREEN ANIMAL RESCUE

CONSOLIDATED BALANCE SHEET AS AT 30 SEPTEMBER 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Stocks
16
Debtors
17
Cash at bank and in hand
18
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the group:
Unrestricted income funds
Unrestricted
Total funds
24		 2024
£
3,308,185
3,721,314
7,029,499
10,019
1,130,128
834,859
1,975,006
(128,017)
1,846,989
8,876,488
8,876,488
8,876,488		 2023
£
3,412,670
3,040,351
6,453,021
11,340
953,196
612,630
1,577,166
(156,196)
1,420,970
7,873,991
7,873,991
7,873,991

The financial statements on pages 13 to 40 were approved by the trustees, and authorised for issue on 20 May 2025 and signed on their behalf by:

Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

(REGISTRATION NUMBER: 1167990) BALANCE SHEET AS AT 30 SEPTEMBER 2024

Note
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
17
Cash at bank and in hand
18
Creditors: Amounts falling due within one year
19
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted
Total funds
24		 2024
£
3,277,847
3,721,414
6,999,261
1,158,512
654,640
1,813,152
(112,194)
1,700,958
8,700,219
8,700,219
8,700,219		 2023
£
3,395,141
3,040,451
6,435,592
980,967
473,914
1,454,881
(138,521)
1,316,360
7,751,952
7,751,952
7,751,952

The financial statements on pages 13 to 40 were approved by the trustees, and authorised for issue on 20 May 2025 and signed on their behalf by:

......................................... Mr A Simons Trustee

MARGARET GREEN ANIMAL RESCUE

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
Cash flows from operating activities
Net cash income
Adjustments to cash flows from non-cash items
Depreciation
10
Investment income
6
Revaluation of investments
Working capital adjustments
Decrease/(increase) in stocks
16
Increase in debtors
17
(Decrease)/increase in creditors
19
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
14
Rental income
6
Purchase of investments
Sale of investments
Investment transfer from cash
Income from dividends
6
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at 1 October
Cash and cash equivalents at 30 September		 2024
£
1,002,498
147,058
(153,763)
(688,319)
307,474
1,321
(176,932)
(28,179)
103,684
27,527
(42,574)
98,664
(717,668)
724,550
474
27,572
118,545
222,229
612,630
834,859		 2023
£
73,336
150,291
(139,101)
67,622
152,148
(2,603)
(529,942)
37,284
(343,113)
5,439
(467,957)
77,601
(20,763)
571,626
43,481
56,061
265,488
(77,625)
690,255
612,630

All of the cash flows are derived from continuing operations during the above two periods.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Charity status

Margaret Green Animal Rescue is a registered charitable incorporated organisation (CIO). The nature of the charity's operations and principal activities are described in the Trustees' annual report.

The address of its registered office is: Margaret Green Animal Rescue Church Knowle Wareham Dorset BH20 5NQ

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) published October 2019. They also comply with the Charities Act 2011.

Basis of preparation

Margaret Green Animal Rescue meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

Departures from the Charities Regulations

The financial statements have been prepared to give a ' true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the 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 (FRS102) published October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of consolidation

The consolidated financial statements consolidate the financial statements of the charity and its subsidiary undertakings drawn up to 30 September 2024.

No statement of financial activities is presented for the charity as permitted by Charities SORP. The charity made a gain for the financial year of £948,267 2023- £53,509).

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

The results of subsidiaries acquired or disposed of during the year are included in the statement of financial activities from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.

The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.

Inter-company transactions, balances and unrealised gains on transactions between the charity and its subsidiaries, which are related parties, are eliminated in full.

Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.

Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination. Total comprehensive income is attributed to non-controlling interests even if this results in the non-controlling interests having a deficit balance.

Going concern

The trustees consider that there are no material uncertainties about the group's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the group.

Judgements

The following judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements: The recognition of legacies.

Key sources of estimation uncertainty

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

The measurement of legacy debtors. Legacies are accounted for when the receipt is probable and the value can be reliably measured. Legacies are accrued as at 30 September 2024 were £975,108 (2023 -£803,919).

The measurement of fair value of the investment property. Investment property is included at the trustee's best belief of fair value. Investment property is valued at £2,649,426 (2023:£2,001,233).

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacies are recognised when the charity has been informed of the existence of a valid will and the death of a benefactor, it is probable monies will be received and this can be reasonably estimated.

Grants receivable

Grants are recognised when the group has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Gifts in kind

Gifts in kind are recognised in different ways dependent on how they are used by the charity.

(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised.

(ii) Those donated for onward transmission to beneficiaries are included in the statement of financial activities as incoming resources expended when they are distributed. They are valued at the amount the charity would have to pay to acquire them.

(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have to pay to acquire the.

Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Charitable activities

Income from charitable activities includes income recognised as earned (as the goods or services are provided) under contract.

Other income

Rents receivable are accounted for on an accruals basis. Retail income is recognised at the point of sale.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Tangible fixed assets

Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold buildings 50 years straight line basis
Equipment and fittings 25%-35% reducing balance basis
Motor Vehicles 4 years straight line basis
Site Improvements 10-20 years straight line basis
IT equipment 4 years straight line basis
Shop fittings 5-10 years straight line basis

Investment properties

Freehold land and buildings which are held primarily for either rental income or capital appreciation are included at fair value.

Unrealised gains and losses represent the movement in fair values during the year and are credited or charged to the Statement of Financial Activities based on the fair value at the year end.

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at fair value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their fair value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in fair values during the year and are credited or charged to the Statement of Financial Activities based on the fair value at the year end.

Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out basis (FIFO).

Items donated for resale or distribution are not included in the financial statements until they are sold or distibuted.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Concessionary loans

Concessionary loans include those receivable from third parties which are interest free or below market rates and are made to advance charitable purposes. All loans are measured at cost, less impairment.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the group.

Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.

Designated funds include:

Financial risk reserve, which is maintained in order to mitigate the risk of identified financial risks.

An investment reserve, which consists of the charity's Agricultural and other rental assets in Lincolnshire, and Co-op investment property which generate essential annual investment income towards our operating costs.

A depreciation reserve, which is designed to match the net book value of land and depreciable tangible fixed assets at the year end.

Under the terms of the constitution the Trustees may at any time, at their discretion, apply the whole or any part of the capital of the Charity towards the objects of the Charity.

Further details of each fund are disclosed in note 23.

Pensions and other post retirement obligations

The charity operates a defined contibution plan for the benefit of its employees. Contributions are expensed as they become payable.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

3 Income from donations and legacies

Donations and legacies;
Donations from individuals
Legacies
Gift aid reclaimed
Grants, including capital grants;
Grants from companies
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
248,301
1,098,516
56,054
-
1,402,871
1,245,032		 Restricted
funds
£
6,622
-
-
1,147
7,769
-		 Total
funds
£
254,923
1,098,516
56,054
1,147
1,410,640
1,245,032

4 Income from charitable activities

Other income
Adoptions and strays
Total for 2024
Total for 2023
5
Income from other trading activities
Trading income;
Shop income from sale of donated goods and services
Other trading income
Local fundraising and street collection income
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
43,208
217,731
260,939
234,940
Unrestricted
funds
General
£
8,706
894,271
120,967
1,023,944
837,144		 Total
funds
£
43,208
217,731
260,939
234,940
Total
funds
£
8,706
894,271
120,967
1,023,944
837,144

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Investment income

Income from dividends;
Dividends receivable from other listed investments
Interest receivable and similar income;
Interest receivable on bank deposits
Income from rents
Total for 2024
Total for 2023
7
Expenditure on raising funds
Direct costs
£
Costs of generating donations and legacies
40,135
Costs of trading activities
551,131
Investment management costs
3,352
594,618		 Unrestricted
funds
General
£
27,572
27,527
98,664
153,763
139,101
Total
2024
£
40,135
551,131
3,352
594,618		 Total
funds
£
27,572
27,527
98,664
153,763
139,101
Total
2023
£
18,823
481,049
6,493
506,365

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

8 Expenditure on charitable activities

Activity Activity
undertaken support Total Total
directly costs 2024 2023
£ £ £ £
Food and consumables- J P
Morgan project 470 - 470 -
Food and consumables- L F
Dog enrichment 608 - 608 -
Food and consumables 16,858 - 16,858 17,533
Veterinary fees- Teddy surgery 2,333 - 2,333 -
Veterinary fees- Nifty surgery 2,469 - 2,469 -
Veterinary fees 151,005 - 151,005 145,819
Wages and salaries 867,846 - 867,846 812,961
Staff NIC (Employers) 62,115 - 62,115 61,436
Employers pension 19,931 - 19,931 18,864
Rates 24,360 - 24,360 27,835
Light, heat and power 82,962 - 82,962 77,459
Insurance 14,648 - 14,648 13,171
Repairs and
maintenance-Restricted - - - 869
Repairs and maintenance 80,342 - 80,342 88,901
Telephone and fax 23,899 - 23,899 25,648
Computer software and
maintenance costs 61,949 - 61,949 44,751
Printing, postage and stationery 13,112 - 13,112 13,384
Sundry expenses 2,643 - 2,643 772
Cleaning, clothing, health and
safety 27,187 - 27,187 17,786
Motor expenses 24,979 - 24,979 22,734
Advertising 11,023 - 11,023 12,499
Sundry expenses 1 - 1 -
Car hire (Operating leases) 2,616 - 2,616 -
Trade subscriptions 915 - 915 700
Wages and salaries-Admin &
marketing - 234,586 234,586 201,668
Staff NIC (Employers)-Admin &
marketing - 21,036 21,036 18,167
Staff training - 2,119 2,119 6,865
Staff welfare - 1,991 1,991 2,804
Staff recruitment - 710 710 1,737
Legal and professional fees - 19,891 19,891 21,129
Bank charges - 9,570 9,570 8,218
Credit card charges - 245 245 265
Depreciation of freehold
property - 59,059 59,059 58,762
Depreciation of short leasehold
property - 61,036 61,036 60,792

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Depreciation of fixtures and
fittings
Depreciation of motor vehicles
Governance costs		 Activity
undertaken
directly
£
-
-
-
1,494,271		 Activity
support
costs
£
18,048
3,313
10,686
442,290		 Total
2024
£
18,048
3,313
10,686
1,936,561		 Total
2023
£
17,008
3,313
13,008
1,816,858

£1,930,681 of the above expenditure was attributable to unrestricted funds (2023:£1,815,989) and £5,880 (2023:£869) to restricted funds.

9 Analysis of governance and support costs

Governance costs

Audit fees
Audit of the financial statements
Other governance costs
Total for 2024
Total for 2023		 Unrestricted
funds
General
£
8,360
2,326
10,686
13,008		 Total
funds
£
8,360
2,326
10,686
13,008

10 Net incoming/outgoing resources

Net incoming resources for the year include:

Audit fees-group
Depreciation of fixed assets		 2024
£
8,360
147,058		 2023
£
13,250
150,291

11 Trustees remuneration and expenses

During the year the group made the following transactions with trustees:

£2,326 (2023;£1,712) costs were met by the charity for trustees meetings attended by all trustees and the cost of one trustee visiting other animal centres.

No trustees, nor any persons connected with them, have received any remuneration from the group during the year.

No trustees have received any other benefits from the charity during the year.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

12 Staff costs

The aggregate payroll costs were as follows:

2024 2023
£ £
Staff costs during the year were:
Wages and salaries 1,396,428 1,272,445
Social security costs 103,863 97,572
Employers' pension 25,078 23,050
1,525,369 1,393,067

The monthly average number of persons (including senior management / leadership team) employed by the group during the year expressed as full time equivalents was as follows:

Admin
Marketing and fundraising
Retail
Church Knowle
Lincoln Farm
Wingletang
Estates		 2024
No
5
5
17
13
17
8
4
69		 2023
No
5
4
15
17
16
8
-
65

The number of employees whose emoluments fell within the following bands was:

£70,001 - £80,000 2024
No
1		 2023
No
1

13 Taxation

The group is a registered charity and is therefore exempt from taxation.

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Tangible fixed assets

Group

Cost
At 1 October 2023
Additions
At 30 September 2024
Depreciation
At 1 October 2023
Charge for the year
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023		 Land and
buildings
£
4,004,697
23,290
4,027,987
642,645
125,697
768,342
3,259,645
3,362,052		 Furniture and
equipment
£
142,801
19,284
162,085
98,808
18,048
116,856
45,229
43,993		 Motor
vehicles
£
123,975
-		 Total
£
4,271,473
42,574
123,975 4,314,047
117,351
3,313		 858,804
147,058
120,664 1,005,862
3,311 3,308,185
6,624 3,412,669

Included within the net book value of land and buildings above is £3,229,307 (2023 - £3,344,523) in respect of freehold land and buildings and £30,338 (2023 - £17,529 ) in respect of leaseholds.

Charity

Cost
At 1 October 2023
Additions
At 30 September 2024
Depreciation
At 1 October 2023
Charge for the year
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023		 Land and
buildings
£
3,940,291
4,879
3,945,170
595,768
120,095
715,863
3,229,307
3,344,523		 Furniture and
equipment
£
142,801
19,284
162,085
98,808
18,048
116,856
45,229
43,993		 Motor
vehicles
£
117,425
-		 Total
£
4,200,517
24,163
117,425 4,224,680
110,801
3,313		 805,377
141,456
114,114 946,833
3,311 3,277,847
6,624 3,395,140

Included within the net book value of land and buildings above is £3,229,307 (2023 - £3,344,523) in respect of freehold land and buildings and £Nil (2023-£Nil ) in respect of leaseholds.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

15 Fixed asset investments

Group
Investment properties
Other investments
Investment properties
Cost or Valuation
At 1 October 2023
Revaluation
At 30 September 2024
Provision
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023		 2024
£
2,649,426
1,071,888
3,721,314		 2023
£
2,001,233
1,039,118
3,040,351
Investment
properties
£
2,001,233
648,193
2,649,426
-
2,649,426
2,001,233

The charitable incorporated organisation owns two investment properties.

The first investment property was valued at £825,000 in February 2024 by independent valuers Perkins George & Co. However, the fair value has been increased by £759,426 to reflect the sales value of the land sold post year-end.

In relation to the second property the trustees bought the property for a cost of £1,176,233 in 2019. At November 2023 a valuation report was prepared by Primmer Olds B.A.S and gave the property a market value of £1,065,000. The trustees believe the fair value at September 2024 is the same as at November 2023 and the property value has been reduced to reflect this.

The charitable incorporated organisation also receives rent from a property at Church Knowle. This property is included within Tangible Fixed Assets at the fair value of the rented property cannot be measured reliably.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Other investments

Other investments
Cost or Valuation
At 1 October 2023
Revaluation
Additions
Disposals
At 30 September 2024
Movement in portfolio cash
Net book value
At 30 September 2024
At 30 September 2023		 Hermes
investments
£
516,309
-
-
(516,309)
-
-
-
516,309		 Redmayne
Bentley
£
522,809
40,125
717,668
(208,240)
1,072,362
(474)
1,071,888
522,809		 Total
£
1,039,118
40,125
717,668
(724,549)
1,072,362
(474)
1,071,888
1,039,118
The Redmayne Bentley investments were valued at the closing market price as at
2024.
Charity
2024
£
Investment properties
2,649,426
Other investments
1,071,888
3,721,314
Investment properties
Cost or Valuation
At 1 October 2023
Revaluation
At 30 September 2024
Provision
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023		 30 September
2023
£
2,001,233
1,039,118		 30 September
2023
£
2,001,233
1,039,118
3,040,351
Investment
properties
£
2,001,233
648,193
2,649,426
-
2,649,426
2,001,233

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

The charity owns two investment properties.

The first investment property was valued in February 2024 at £825,000 by independent valuers Perkins George & Co. However, the fair value has been increased by £759,426 to reflect the sales value of the land sold post year-end.

In relation to the second property the trustees bought the property for a cost of £1,176,233 in 2019. At November 2023 a valuation report was prepared by Primmer Olds B.A.S and gave the property a market value of £1,065,000. The trustees believe the fair value is the same as at November 2023 and the property value has been reduced to reflect this.

Shares in group undertakings and participating interests

Cost
At 1 October 2023
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023
Other investments
Cost or Valuation
At 1 October 2023
Revaluation
Additions
Disposals
At 30 September 2024
Movement in portfolio cash
Net book value
At 30 September 2024
At 30 September 2023
16 Stock
Finished goods		 Hermes
investments
£
516,309
-
-
(516,309)
-
-
-
516,309
Group
2024
£
2023
£
10,019
11,340		 Subsidiary
undertakings
£
Total
£
100
100
100
100
100
100
100
100
Redmayne
Bentley
£
Total
£
522,809
1,039,118
40,125
40,125
717,668
717,668
(208,240)
(724,549)
1,072,362
1,072,362
(474)
(474)
1,071,888
1,071,888
522,809
1,039,118
Charity
2024
£
2023
£
-
-

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

17 Debtors

Trade debtors
Due from group undertakings
Prepayments
Other debtors and accrued
income
VAT recoverable
Other debtors		 Group
2024
£
2023
£
10,718
11,715
-
-
57,346
38,989
1,042,227
886,591
18,994
15,841
843
60
1,130,128
953,196		 Charity
2024
£
2023
£
10,718
11,715
92,627
83,695
26,829
20,196
1,027,495
865,301
-
-
843
60
1,158,512
980,967		 Charity
2024
£
2023
£
10,718
11,715
92,627
83,695
26,829
20,196
1,027,495
865,301
-
-
843
60
1,158,512
980,967
980,967

Group debtors includes £14,625 of rent deposits receivable after more than one year.

Charity debtors includes £57,500 receivable after more than one year.

18 Cash and cash equivalents

18 Cash and cash equivalents
Cash on hand
Cash at bank		 Group
2024
£
2023
£
1,583
2,098
833,276
610,532
834,859
612,630		 Charity
2024
£
2023
£
666
726
653,974
473,188
654,640
473,914
473,914

19 Creditors: amounts falling due within one year

Trade creditors
Other taxation and social
security
VAT creditor
Other creditors
Accruals		 Group
2024
£
2023
£
38,747
58,433
26,876
24,061
11,201
1,725
9,086
13,993
42,107
57,984
128,017
156,196		 Charity
2024
£
2023
£
36,209
48,696
26,876
24,061
11,201
1,725
8,804
12,572
29,104
51,467
112,194
138,521		 Charity
2024
£
2023
£
36,209
48,696
26,876
24,061
11,201
1,725
8,804
12,572
29,104
51,467
112,194
138,521
138,521

20 Operating lease income

Total future minimum lease income under non-cancellable operating leases are as follows:

Land and buildings
Within one year
Between one and five years
After five years		 Group
2024
£
2023
£
67,500
67,500
270,000
270,000
67,500
135,000
405,000
472,500		 Charity
2024
£
2023
£
67,500
67,500
270,000
270,000
67,500
135,000
405,000
472,500		 Charity
2024
£
2023
£
67,500
67,500
270,000
270,000
67,500
135,000
405,000
472,500
472,500

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

21 Pension and other schemes

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £25,078 (2023 £23,055).

22 Commitments

Group

Other financial commitments

The total amount of financial commitments not included in the balance sheet is £238,850 (2023-£270,516).

23 Contingent assets

Group

The charity received residual legacies post year end of £76,916 (2023: £Nil) which for which amounts were not agreed before 30 September 2024 but the charity was aware of a potential entitlement

The charity sold a property with an overage agreement but is not possible to estimate if there will be any monies received in the future..

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

24 Funds

Group

Unrestricted funds
General
General Funds
Designated
Depreciation Reserve
Investment Reserve
Financial Risk
Total unrestricted funds
Restricted funds
JP Morgan - Ck Fencing
JP Morgan- LF Dog Enrichment
Teddy Surgery
Nifty Surgery
Total restricted funds
Total funds		 Balance at
1 October
2023
£
1,335,089
3,337,669
2,001,233
1,200,000
6,538,902
7,873,991
-
-
-
-
-
7,873,991		 Incoming
resources
£
2,841,517
-
-
-
-
2,841,517
470
677
2,992
3,630
7,769
2,849,286		 Resources
expended
£
(2,378,240)
(147,058)
-
-
(147,058)
(2,525,298)
(470)
(608)
(2,333)
(2,469)
(5,880)
(2,531,178)		 Transfers
£
Other
recognised
gains/(losses)
£
(40,685)
36,196
42,574
-
-
648,193
-
-
42,574
648,193
1,889
684,389
-
-
(69)
-
(659)
-
(1,161)
-
(1,889)
-
-
684,389		 Balance at
30
September
2024
£
1,793,877
3,233,185
2,649,426
1,200,000
7,082,611
8,876,488
-
-
-
-
-
8,876,488

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted funds
General
General Funds
Designated
Depreciation Reserve
Investment Reserve
Financial Risk
Total unrestricted funds
Restricted funds
Rabbit Area
Total funds		 Balance at 1
October 2022
£
1,408,549
3,020,004
2,171,233
1,200,000
6,391,237
7,799,786
869
7,800,655		 Incoming
resources
£
2,456,217
-
-
-
-
2,456,217
-
2,456,217		 Resources
expended
£
(2,172,063)
(150,291)
-
-
(150,291)
(2,322,354)
(869)
(2,323,223)		 Transfers
£
(267,956)
467,956
(200,000)
-
267,956
-
-
-		 Other
recognised
gains/(losses)
£
(89,658)
-
30,000
-
30,000
(59,658)
-
(59,658)		 Balance at 30
September
2023
£
1,335,089
3,337,669
2,001,233
1,200,000
6,538,902
7,873,991
-
7,873,991

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Charity
Unrestricted funds
General
General
Designated
Depreciation Reserve
Investment Reserve
Financial Risk
Total unrestricted funds
Restricted funds
JP Morgan - Ck Fencing
JP Morgan-LF dog enrichment
Teddy Surgery
Nifty surgery
Total restricted funds
Total funds		 Balance at 1
October 2023
£
1,230,579
3,320,140
2,001,233
1,200,000
6,521,373
7,751,952
-
-
-
-
-
7,751,952		 Incoming
resources
£
2,233,547
-
-
-
-
2,233,547
470
677
2,992
3,630
7,769
2,241,316		 Resources
expended
£
(1,830,104)
(141,456)
-
-
(141,456)
(1,971,560)
(470)
(608)
(2,333)
(2,468)
(5,879)
(1,977,439)		 Transfers
£
(22,273)
24,163
-
-
24,163
1,890
-
(69)
(659)
(1,162)
(1,890)
-		 Other
recognised
gains/(losses)
£
36,197
-
648,193
-
648,193
684,390
-
-
-
-
-
684,390		 Balance at 30
September
2024
£
1,647,946
3,202,847
2,649,426
1,200,000
7,052,273
8,700,219
-
-
-
-
-
8,700,219

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted funds
General
General
Designated
Depreciation Reserve
Investment Reserve
Financial Risk
Total unrestricted funds
Restricted funds
Rabbit Area
Total funds		 Balance at 1
October 2022
£
1,322,688
3,003,653
2,171,233
1,200,000
6,374,886
7,697,574
869
7,698,443		 Incoming
resources
£
1,954,754
-
-
-
-
1,954,754
-
1,954,754		 Resources
expended
£
(1,700,843)
(139,875)
-
-
(139,875)
(1,840,718)
(869)
(1,841,587)		 Transfers
£
(256,362)
456,362
(200,000)
-
256,362
-
-
-		 Other
recognised
gains/(losses)
£
(89,658)
-
30,000
-
30,000
(59,658)
-
(59,658)		 Balance at 30
September
2023
£
1,230,579
3,320,140
2,001,233
1,200,000
6,521,373
7,751,952
-
7,751,952

The J P Morgan Fencing fund was a donation for animal welfare utilised in the year. The J P Morgan LF Dog Enrichment fund was a donation for animal welfare utilised in the year. The Teddy and Nifty fund's were monies raised for specific animal's surgery which was utilised in the year.

MARGARET GREEN ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

25 Analysis of net assets between funds

Group

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Charity
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
3,308,185
3,721,314
1,975,006
(128,017)
8,876,488
Unrestricted
funds
General
£
3,412,669
3,040,351
1,577,167
(156,196)
7,873,991
Unrestricted
funds
General
£
3,277,847
3,721,414
1,813,152
(112,194)
8,700,219
Unrestricted
funds
General
£
3,395,140
3,040,451
1,454,882
(138,521)
7,751,952		 Total funds
at 30
September
2024
£
3,308,185
3,721,314
1,975,006
(128,017)
8,876,488
Total funds
at 30
September
2023
£
3,412,669
3,040,351
1,577,167
(156,196)
7,873,991
Total funds
at 30
September
2024
£
3,277,847
3,721,414
1,813,152
(112,194)
8,700,219
Total funds
at 30
September
2023
£
3,395,140
3,040,451
1,454,882
(138,521)
7,751,952

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

26 Analysis of net funds

Group

Cash at bank and in hand Net debt Cash at bank and in hand Net debt

At 1 October
2023
£
612,630
612,630
At 1 October
2022
£
690,255
690,255		 Financing
cash flows
£
222,229
222,229
Financing
cash flows
£
(77,625)
(77,625)		 At 30
September
2024
£
834,859
834,859
At 30
September
2023
£
612,630
612,630

MARGARET GREEN ANIMAL RESCUE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

27 Related party transactions

Group

Charity

During the year the charity made the following related party transactions:

Margaret Green Animal Rescue (Trading) Limited

((Margaret Green Animal Rescue holds 100% of the issued share capital))

Management fess were charged to Margaret Green Animal Rescue (Trading) Limited totalling £6,000 (2023:£6,000) and internal recharges totalling £158,869 (2023:£144,819) in relation to boarding costs for the year. At the year end £33,402 (2023:£24,470 due from) was due to Margaret Green Animal Rescue (Trading) Limited in respect of net debtor and creditor balances.

A concessionary loan has been provided to Margaret Green Animal Rescue (Trading) Limited totalling £Nil (2023: £Nil) in the year and repayments of £Nil (2023:£Nil) were made during the year. At the year end the total loan balance due from Margaret Green Animal Rescue (Trading) Limited was £59,225 (2023:£59,225). Interest at 3% was charged on the loan amounting to £1,725 (2023: £1,725.)

A donation of £120,156 (2023: £95,326) was paid to the charity from it's trading subsidiary Margaret Green Animal Rescue (Trading) Limited.

At the year end £100 was due in respect of share capital and is included in other creditors. At the balance sheet date the amount due from Margaret Green Animal Rescue (Trading) Limited was £92,627 (2023:£83,695).