Registered nurnber: 10404912 Charity numbers: 11695118 SC048389 OAK TREE ANIMALS. CHARITY (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Armstrongwatson. Accountants, Business & Financial Advisers OAK TREE ANIMALS. CHARITY IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Charity, its Trustèès and advlsers Trustees. report Independent auditors. report on th• financial stat•ments Consolidated $t*•m•nt of flnancial activities 2-10 Consolidated balance sheet 16 Charity balance sheet Consolidated statement of cash fl¢>ws 17 78 Notes to the financlal statom•nts 19-47 OAK TREE ANIMALS. CHARITY IA company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Ms E J C H￿eS Iwgne(124 May 20231 Mr M B Squires Mr S Wells Ms L Taoor Ms M L Sull¢van {restgned 6 September 20231 Ms J M Hansel Mrs R Armstrong {appointe(129 February 2024) Mrs G S Lowry lappoinled 29 February 20241 Company registered number 10404912 Charity registered numbers 1169511 and SC048389 Registered office Oak Tree Farm Wetheral Shields Cadisle Cumbria CA4&JA Chiet executive officeT M5 C A Johrwn Indèpendent auditors Amistrong Watson Audit Limtted Chartered Accountants & Statutory Auditors James Watson House Montgomery Way Rosehill Cartlsle Cumbria CA12UU Page 1 OAK TREE ANIMALS. CHARITY IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together wth the aud1ted financial statements of Ihe Charity for the period 1 January 2023 to 31 December 2023. The Annual report Se￿e$ the purposes of both a Trustees, report and a directors, report under company law. The Trustee5 confirm that the Annual report and financial statements of the chantable company comply wilh the current statutory requirements, the requirements of the charitable company's goveming document and the provlslons ol the StdLerrigril of Recommended Practice (- applicablè to charilies preparing their accounts in accordance the Financial Reporting Stsndar¢J appli¢able in the UK and Republic of Ireland {FRS1021 leffe¢tive 1 January 2019). Welcome lo the Annu81 Rewrt and Finanaal Statements of Oak Tw Animals. Charity. Our W15i0n Our vis50n is a wodd where understanding and wnpathy ensure thal all animals are treated kindness and respect. Our Mission Our mission is to help companion animals in need: findiNJ them a safe and comfortable home and helping the community understand their needs. through support and edu(ati￿. Our Values Our values are inlegrdl lo our eversxlay work. They rellect what we stand for and how we evaluate ourselves We are proud to be non-iudgemental and compassionate in our approach to animals and the people who care lor them We a￿ proactive and value our WO￿ partner organisat¥)ns to firKi effective and evi¢Jence-based approaches to animal welfare We aim to find the right home for the arsimals in our care. prwding ongoing support and advi￿ to ensure life-long partnèrships," and We strive to be innovative. flexible arvj responsive trj meet the needs of animals and our community in changing limes. Page 2 OAK TREE ANIMALS. CHARITY (A ¢ompany limitèd by guarantèè) TRUSTEES. REPORT I¢ONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 ObJ•etlv•s and activities a. Objectives and aims Working for our community,. caring for animals: Ma￿ng a (Jrfference. 08k Tw has been helping animals for 115 years. We are passionate atrf)ul animal Welfa￿ and believe that every animal mattels- helping thousands of animals every year. In 2023 we We￿ alAe to assFSt 4.471 animals and their owners. Our mission is to help companion animals in need- finding them a safe and comfortable home and helping the community to understand their needs through support and educalion. 2023 continued to Provide challenges for pet owneFS a5 the s¢yial. wlib"c81 and ecorKJmic dimate remained uncertain. Following the pandemic boom in new dogs. the most re￿nt survey by Dogs Tnjst shows that the number of puppy owners and dtyJs aged under one year old has deueased significantly post-covid. This reduction could also be linked to the increase in cost of living and associated finanaal struggle5. In 2023, 19% of people were looking at how they could witch to cheapef dc*J food.. 13.8% considering skipping non*mergency vet care and over 30% looking at reducing items like dog day care, dog walkers and grooming fees. 92% of people said that they were less likely lo gel a doKJ in 2024 due to the ¢>)st of living {Dogs Trust. National S￿￿eY Results 20231. Financial concern is ￿￿Sing dirricutt thoices for pet owners. and there is a real risk of increased relinquishment with a reduced number of households looking to adopt. A perfect stomi, We find dogs, cats and horses loving new homes. rescuing and reh8bilitsting them to give them the best chan of a bright future. Rehoming is intrinsically reath.ve something has gone wrong. Our proactive community approach Seeks lo find solutions for pel owners. wherever practical and appropriate, thus keeping pets in loving homes avoiding unnecessary stress and heartache. We work alongside our partners at foodbanks, social servic&s. housing assoc#ations and other local organisations lo help vulnerable pet owners who desperately need our help. Our 'A Helping Paw programme provides wtal short-lerm fostering for those who are homeless or fleeing domestic violence, helping them rebuild lives whilst knowng their pet is safe and well cared-for. We run community clinics and training dasse5 lo offer welfare advice and support and we also work with schools and community groups lo eduGate the nexi generation of pet owners. b. Strategies for achieving objectives and aims In early 2024 we wll be launching our new three-year strategy to help us navigate these challenges. This strategy is built around four key pillars. Animal Welfare.. Community and Rehoming Hurnan Behaviour Collaboration Sustainability Pago 3 OAK TREE ANIMALS. CHARITY IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2023 Objectives and a¢tivÉtits leontinu•d} . Activitiès undèrtak8n to achieve objectives Anlmal Welfare: Community and R•homing Animal welfare is al the heart of our Charity. Our proactive community-based approach, Combined with our flexible Tehoming services allows us lo ensure that we are able to find 501uts.on for animals and their owners in our community. Human Behavlour To effe¢t real change for animal welfare we need to ensure that our education and cornmunity approach provides both practical, eVidenC￿baSe￿ solub.ons and long-lasting behawour change. Collaboration Partnerships vrilh other ￿anIsationS have teen wlal for our sU￿￿s$ lo dale. Cdlaborations are essential to provide effective, tsmely supkk)rt, improve animal welfare. aviyd duplicalion of service. and to make every per*ny of our supporters donations go further. Sustalnabi15ty Financial and enwronmental sustainability are vital to ensure that we are here for future generations of animals and owners in our region. Throughout this siTategy we will seek to bull d on our income generation plans, manage our costs and seek to minimised our impact on our environment wherever wssible. d. Volunteers Our volunteers are amazing and make an invaluable conlributs'on to our Charity and the animal and pel owners in our community. Without them we w(MJld be unable to achieve the scale of the work that we do. Wè would like to thank them for thair dedication and commitment to our work ar￿ improving the lÈves of animals in our region. 8. Public Benefit The Board of Trustees has considered the guidan¢e produced by the Charity Commission on the provision of public benefit and confirms that public benèfit is promded by the Charivs activities. The Charity operates at Oak T￿e Fami. a temporary shelter for anima15 while a new home is sought for them. The Charity provides advice and support to pet owners and give5 pea¢e of mind when an animal has to be taken into carè because the owner is no longer able to keep il. The Charity operates an education service on animal weware issues to our communty including indivitjuals, schools. nurserie5, further edu(3tion eststrAishments. businesses aThJ community groups. When establishing stralegies and deciding UF(Jn Ihe main actiw"ties, the trustees have had regard to Charity Commission guidance on public benefit Page 4 OAK TREE ANIMALS. CHARIT IA company limited by guarantee) TRUSTEES. REPORT {CONTENUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Aehi•v•m8nts and pgrfornianc• a. Review of a¢tivities In 2023. bwth yrJuT SUPPOrt, we were able to help 4.471 animals neeAled our assistance through our animal welfare prc*Jrammes. This indudes 2.351 dcos. 1.760 cats. 68 horses and 292 other animals. With your supporL in 2023 we were able to.. Neuter 294 cats through our Trap Neuler Retum ITNR} prtyjramme Provide supported neutering and vel ca￿ for those in financial difficulty for 117 animals Help 356 people and their pets through our behaviour and training team Provide short-term foster placements for 96 animals throLsgh our'A Helping Paw. programme where their owners are fleeing domestic violence or are homeless. as well as suprx)rbng many other animals thmugh other ￿MmUnIty-based programmes. Our staff and volur¢leer teams work tirelessly lo make SU￿ every case we are able to help has the right indiwdual outcome for both animal and owner. Collaboration with partners is key and we have conts'nued to build our relationships with other charities and organisations to ensure we are abje to support animals in owners in need, signpost to servi¢es appropriately, avoid duplication of seNce and adapt ar￿ develop our programmes effectively in response to need. Unwanted dog behaviour continues to be a key primary reason for relinquishmenl134% of dog intake in 20231. Our behaviouT and training team developed their work throughoLrt 2023 to indude increased provision for 1-2-1 sessions. new dasse5 and increased telephone and email services. With the incTease we have seen in dog reactivity issues in both our intake and comtnunity d¢yJs. we held our first online Understanding Ganine Reactivity Workshop aiming to help ovmers understsnd what their dogs are going through and how lo implement ethical, positive training methods to help them. A proactive approach to welfare remains our priority. To help provKle that front4ine, first response Servi￿ we launched our Ask@ service run by our welfare experts for pet owners seeking advice to any questions about pel ownership. C311$ in 2023 were varied ar￿ inrjuded advice around the XL Bully ban. dog reactivity towards humans, parasite treatment, travel anxiety and re¢all issues_ Education is key to ensufe that we continue to improve animal welfare wth young p8opI8. our widèr community and local professionals. In 2023 our Education Team wor*ed with 881 adults and 1,233 children, providing a raroe of learning opportunities and activities lo pror￿le animal welfare. Our online learning resources were downloaded over 8.500 tsmes. For the seo)nd year we were invile(I to work (x)Ilaborabvety th eight other welfare charities across the UK to have an educational and Welfa￿ p￿sence at the AptAeby Horse Fair. Our tèam spoke with travellers about horse care, answeiing questions and giving suptx)rt as needal. We were delighted to welcome so many visilors to Oak Tree Farni and our shops in 2023. In 2023 we saw our Charity Shop network grow throughout Cumbria and Northumberland to indude a presence in Blaydon, Ponleland and Durharn_ These shops not only gener8te vital income for our work. but also provide access points to OLJr services at the heart of our Community. Our shop5 have developed nelworks wrthin their comrnunity, providing opkK)rtunities lor partnership wod(ing I￿31 fo(Mlbanks. suprK>rt servicès and direcdy to owners in need. Page 5 OAK TREE ANIMALS. CHARITY IA company limited by guaranteè) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review . Revlew of the year We Continue to diversity our income streams wlh the develow)ent of our Trading Subsidiary and we are extremely grateful for the generous legacAe5 left to Oak Tree. 2023 Ir￿ ￿TY￿e 2023 TOTAL % OF INLON& D76.043 28. Donations 261.736 10.93 Grants 69,916 1,379,802 19 Trading OtheT i7.60 0.33 1022 Int￿1￿ fb 2022 TOTAi % OF INCOME I.￿5.63? 186,314 l(N).813 980,755 7.793 Donations Grants Tradin Other 8.03 34 42.25 034 The key financial facts for year ended 31st December 2023 are.. income.. £2,395,366, expenditure.. £2,437.769 (with the difference between in¢ome and expenditure being a defial of £42.3031- There was a gain on investrnents of £12.744 and a gain on revaluation of fixed assets of £75.000 during 2023. Total unrestricted reserves at the end 012023 were £2,682,385, wilh £723.089 t￿Ing a(tessible reseNes. and the ￿main￿er being tangible fixed a&8ets, primarily our land and ￿lIklIngS. By comparison, the accounts of year ending 31sl December 2022 showed incorne of £2.321,307, and expenditure of £1.970.470 producing a surplus for the period of £350.837. We would likè to thank all of Ihose supporters and fvndefs vh)0 so generously supported our work this year.. Ai¢e Noakes Memorial Charitable Trust. Artrimal Friénds Insufance, Amstrong Watson, ADCH with Mars Petcare. Box Power CIC,. Burns Pel Nutn"b"on. Caledonia Park. Carfisle Refrigeration. Cartmell Shepherd, C operative Local Communty Fund. Cumbria County Counc41, Groundwork Tes¢0 Community Grants, Health4HoT5es, HSBC, Kierweb, Maiiorie Coole Animal Chartty Trust, Mrs DM France-Hayhurst Charitable Trust, PetPlan Charitable Trust. PostCLxle Neighlyxjrhood Trust, The Arthur Camp Foundation Trust, The Astor Foundation, The Audrey Emma Lamb Trust. The Bary Green Memorial Fund, The Catherine Cookson Charitable Trusl. The Charity of Stella Symons, The David Family Foundation. The Elise Pilkington Charitablè Trust, The Emèrson Foundation, The Michael and Shirfey Hunt Charitable Tmst, The Prowling Charitable Foundation. The Rose Animal Welfare T￿￿t. The Tula TrusL The Walker Trust. The Turnpike Charitable TTU51. Page 6 OAK TrEE ANIMALS. CHARITY IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 b. R•sep*•s policy Each year the Board of Tru51ees reviews the reserves of the tharity in line with the Chariws investrnenl policy. looking at income and expenditu￿ an(J Ihe overall value of reseryes. At the balance sheet date. unrestricted reserves exduding tangible fixed assets amounted to £723,089. . Investments poli Under the constitution and rules of the Charity. the Board of Trustees has the power to make any investments as deemed fit. mindfvl that any such investment should be of an ethical natLÈre and Inje to the objectives of the Charity. The investment wlicy sets out the reqU1￿ment for ￿$￿Ve$ to be invested conservatively 8nd in ITne wffh the Charity Commission guidelines with a dwersified portfolio to minimise risk_ An ethical policy has been adopted to avoid investments ihat conllict the aims of the Chanty- This policy predudes direct investment in companies involved in vivisection or drug testing on animals. Page 7 OAK TREE ANIMALS. CHARITY IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE Y&4R ENDED 31 DECEMBER 2023 Structure. govemance and rnanag•m•nt a. Constitutlon Oak Tree Animals. Charity is wistered as a charitable company lirntted by guarantee and was set up by a Trust deed. b. M¢thods of appointment or election of Tru￿••S The management of the Group and the Charity is the re5px)nsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. Day to day management is L1elegated to the Chief Executive Officer, Ms C A John50n. Policies adopted for the inductlon and training of Trustee5 I new tnjstees undergo a perhod of inductM)n and training, supported by the Trustee Board and the Senior Management Team. 51 is vital our trustees have u*to4ate relevant knowtedge relating to govemance and our sector, and hen￿ this wntnitm$nt to training continues throughout their period of trusteeship. d. Pay policy for key management personnèl The Board of Trustees sels the remunerdlion of th& management team in line th tsir market rates, taking into consideration Ihe specific requirements of the rrAe. The performan￿ and level of remuner8tion is reviewed annually. e. Related party relatlonships The Charity has a wholly owned subsidiary trading company. OTAC Trading Limiled, to promote hospitality. retail and events from Oak Tree Fami and other Charity prOpe￿"e$. Al ptofits ftom the trading company are donated lo the Charity. f. Financial risk managèmènt The Trustees have assessed the major risks to which the Group and the Charity are exposed, in particular those related to the operatsofts and finances of the Group and the Charity. and are satisfied that systems and procedures 8re in place to mFb'gate exposure to the major risks. g. Decision making The Board of Trustees meets throughotrt the year to make deasions regarding the diTr¢tion and govemance of the Charity in accordan￿ wlh the goveming doc#JmenL No business is transacted at any general meeting unless a quorum of three rnembèrs is presenl, with decisions taken Ihrgugh a votè indicated by a show of hands, with each member Èntiljed to one vote. In the event of deadlock thè Chair of the Board may cast an additional deciding vote. A resolution may also be made tn wMb"ng by simple majority of the members who would have been enlilled to vote on it were it held at a general meeting. Page 8 OAK TREE ANIMALS. CHARITY IA company limittd by guarant••) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 DECEMBER 2023 Plans for future periods 2024 has some significant challenges ahead. Pel owners across the UK are stnjggling wilh the increased cost of living and pet costs. Shelters across the UK are seeing an increase in the number of significant behaviour issues in dogs and cats and intake lists throughout the county are at re¢or(I levels. Our own c¥)st levels are rising and our generous donors are also facing their own finanrAal thallenges. With our commitrnenl lo our region, our proactive, communiWased approach and our strategic model for sustainability. we believe we are in a strong position to meet these challenges and ensure animals and their owners received the support they need. now and in the frjtU￿. 2024 sees the launch of our new stratÈgy ￿ri(KI and wll see our Charily. Continuing to focus on fostering options and develop altemate rehoming modds Broadening our approach to education wih a specific focus on human behaviour change Increasing the use of our charity shop netwofk to meet all of our four stralegic pillars Creating a sustsinable and resilient stwcture for our Charitys future Diversifw'ng our income streams Embedding our ask@ service throughout our whole community to enwurage e8rty intervention Enhancing our collaborations other chariti.es and our peers to maximise our impact. Statement of Trusteès. rèsponsibilFIiès The Trustees (who are a150 the directo￿ of the Charity for the purposes of company lawl are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounb'ng Standards Iunited Trfj"ngdom Generally Accepted Accounting Practi￿1. Company law requires the Trustees to prepare financial statements for each f1nancial . Under company law, the Trustees must not approve the finanrial statements unles5 they are satisfied that ihey give a true and fair view of the state ol affairs of the Group and the Charity and of their incoming resources and application of resources, induding their income and expendrture. for Ihat perKxl. In preparing these financial statements, the Trustees are required to.. selecl suitable accounting policies and then apply Ihem consistenlly, observe the methods and princI￿eS of Èhe Charities SORP IFRS 1021; make ju¢Jgments and accounting estimates that are reasonable and prudent.. state whether applicAble UK A¢¢ounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements." prepare the Iinancial statements on the going concern basis unless it is inappropriate to Presume that the Group wll continue in busine55. The Trustees are responsible for keeping adequate accountsng recoTds that are sufficient lo show and explain the Group and the Charity's transactions and disclose with ￿asonable accuracy at any time the financial position (>f the Group and the Charity and enable them lo ensure thal the finanaal statements comply with the Companies Act 2006. They are also responsible for safeguarding ihe assets of ihe Group and the Charity and hencè for taking reasonable steps for the prevenbon and detection of fraud and other irregularities. Page 9 OAK TREE ANIMALS. CHARITY IA company limited by gvaranteel TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 31 OECEMBER 2023 Disclosure of information to auditor5 Each of the persons who are Tnjstees ai the lime when this Twslees. report Is approv￿ has Confirmed that". $0 lar a5 that Trustee is &vare. there is no ￿leVant audrt Infomiation of which the chantable group's auditors are unaware. and that Trustee has taken all the stèps that ought lo have been taken as a Trustee In order to be aivare of any relevant audtl Infomiation and to establisl) that the charitable group's auditors are aware of that Information. Auditors The auditors. Armslrong Walson Audrt Limrted. have indicated their wllingness to continue in oftice. The designaled Trustees iNIll propose a Tr.otion reappoinltng The auditors at a rneeting of the Trustee5. rder of the members of ifr,e board of Trustees S￿ned on their behalf by. Mr S Wells Trustee Date Page 10 OAK TREE ANIP+lALS' CHARITY IA company limited by guarnnteel INDEPENDENT AUDITORS. REPORT TO THE MEM8ERS OF OAK TREE ANIMALS. CHARITY Opinion We have audited the financial statements of oak Tree Animals. Charity Ithe'parent charitable companll and its sub51diarie5 (the 'grovp'l for Ihe year ended 31 Oecernber 2023 which comprise the Consolidated statement ol financial activities. the Consolidated balance sheet. the Chafiiy balan¢e sheet. the ConsolidateiS Statement ol ash flows and the related notes, indudrng a summary of significant accounting policies. The financial reporting framework Ihal has been applied in their preparation is applicable taw and Unrted Kingdom Accounting Siandards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounling Praclicel. In our opinion the financial ststements.. give a flue and latr view of ihe slate of the Group's and of the parent charilable cornpany's affairs as al 31 December 2023 and of the Group's incoming resources and application of resources. including ils income and expenditure for Ihe year then ended". have been properfy prepared in accordance with United Kingdom Generalty Accepted Accounting Practice". and have been prepared in aGcordanGe the requirements of the Companies Act 2006. the Charities Act 2011. the Chafities (Retborts and Accounts) Regulations 2008. the Charrtiès and Trustee Inveslment IS¢otlandl Acl 2005 and regvlatitsns 6 and 8 of the Charities Accounts (Scollandl Regulalion5 2006. Basis for opinion We conducted our audit in accordance wth lftternational Standards on AudilLng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are lurther described in the Auditors. responsibilities for the audit of the financial siaiements section of our report. We are independent of the Group In accordance wlh the elhical requiremenis that are relevant to our aydil of the financial stsiements in the United Kingdom. Including ihe Financial Reporting Council's Ethical Standard. and we have fulfilled our other eth&cal responsibilities in accordance wth Ihese requiremenls. We believe that the audit evidence we have obtained 15 5uifiGient and appropriate lo provide a basis for our ownion. Conclusion5 relating to going ¢oncem In auditing the financsal stalements, we have concjuded that the Trustees. use of the going Goncem basis ol aceounling in the preparation ol the fmancial stalements is appropriate. Based on the work we have perforTned, we have not identified any material uncertaintie5 relating to events or conditions that. individvally or cdlectwety. may cast stgnrficant doubt on thè Group's or the parenl charilable companls ability lo continue as a going concem for a peri￿￿ of at least Iwelve months Irom when the financial statements a￿ authorised lor issuè_ Our responsibilities and the responsibilities of Ihe Trusiees wth respe¢t to going concern are described in the relevant sedions of this report. Pa9e11 OAK TREE ANIMALS. CHARITY IA company Itmited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OAK TREE ANIMALS, CHARITY ICONTINUEDI Other inforniation The other infomiation comprises rhe tnformatton included in the Annual report olhei than the financial statements and our Auditors, reptsrt thereon. The Tnjstees are responsiblè for the other tnformation conlained within the Annual report. Our opinion on the financial statements does not cover the other infonnation and. except lo the extent otherwise explicrtly stated in our report. we do nol eXp￿sS any lom of 35surance conclusion thereon. Our responsibility is to ￿ad the other infomation and. in doing $0. consider whether the other Infomialion is materially Inconsistent with the fjnancial statements or our kTr￿￿edge obtained in the course of the au(Jit, or otheTWTse appears to be Material￿ misslaled. 11 we tdentify such rnaterial inconsistencies or apparent mèlerial mi55talements. we are required to detemine whether this gNes rise to a maierial misstatement in the financial statements themselve5. If. based on the work we have perfo¥med. we conclude thal there És a material misstatement of this other infomiation. we are required to ￿port Ihat fact. We have nothing lo report in this regard. Opinion on other matters prescribed by the Companie5 ￿t 2006 In our opinion. based on the wowk undertaken in Ihe ¢our5e of the audit". the information given in the Trustees. report for the financial year for which the finanaal st3temenls are prepared is consistent wth the fsnancial statement5. the Trustees. report ha5 been prepared in accordance wlh applicable legal requirements. Matters on whÉch we are required to report by exctption In Ihe light of Ouf kno%￿edge an¢J understanding of the charitable company and ils environment obtained in the course of the audit. we have not identifie(I material misstatements in the Trustees. report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 the Charities Act 2011. the Charitses IReports and Accounts) Regulations 2008 the Chanlie5 and Trustees Investment (Scotlandl Act 2005. and the Charities A¢¢ount5 (S¢tstlandl RegvEalions 2006 las amended) require us lo report to you il. in ovr opinKJn' the parent charitable company has not kept adequate and sufficient accounting records. or returns adequate for our audit have r￿t been received from branches not by us." or the parenl chantable c¢ynpany f￿anual statements are not in agreement with the accounting records and retyms". or certaill disc105ure5 of Trustees. remuneralion specified by law are not made". or we have not ￿CeIved all the Infomiatiors and explanation5 we require for our audit. Responstbilities of trustees As explatned more lully in the Tru5tees' responsibilities statement. the Trvstees Iwho are also the directors ol the charilable company for the purposes of company lawl are responsible for the preparation of the fin3ncial siatements and for being satisfied that they give a true an¢J fair wew. and for such illlerllal CDnlrol as Ihe Trustee5 detemine is necessary to enable the preparation of financial 5talements that are free from material misstalement. whether due to Iraud or erTOr. In preparing the financ¥al statements. Ihe Trustees a￿ responsible for assessing the Group'5 and the parent chaff table company'5 ability to conlinue as a going concern disclosing. as applicable. matters relalecl lo going concern and u51ng Ine going concem basis of accounting unles5 the Trustees either tntend lo liquidate the Group or the parent charitable company or to cease operations. or have no realistic allerllative but to do 50. Page 12 OAK TREE ANIMALS. CHARITY IA company 11rnit￿ by guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF OAK TREE ANIMALS. CHARITY ICONTINUEDI Auditors. responsibilitie5 for the audit of the financial statements We have been appointed as auditor under section 4411llcl of rhe Charities 3nd Trustee Investment (Scoilandl Act 2005 and under the Cornpanie5 Art 2006 and report in accordance wth the Ad and relevant regulations made or having effect thereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misslalement. whether due to fraud or error. and to i55ue an Auditors, report that Includes our opinion. Reasonable assurance is a high tevel of assuranee. but is not a guarantee that an audil conducted in accordance with ISAS IUKI wll always delect a material misstalement when it exists. Misstatement5 Gan arise Irom fraud or error and are considered material rf. indivkyually 01 In the aggregate. they could reasonably be expeded to influence the econornic deosions of users taken on Ihe basis ol these financial statements. Irregula￿tIeS. including fraud. are snstance5 of non-compliance wth laws and regulation5. We design procedures in line with Oltr responsibilities. outlined above. to detect material rn1s5t3tements in respect of iTregulanties, including fraud. The extent to which our procedures a￿ capable of detecting ir¥egularities. including fraud 15 detailed below". Our approach to idenlfying and assessing Ihe risks of material mssstatement in ￿SpeCt ol irTegularits'es. including fraud and non•compliance with laws and regulations. was as follows. the engagement partner ensured that Ihe en9agement team couectivety had the appropriate competence. capabilities and skills to idenlfy or recognise nonperty 1,929,849 1.877.495 Current assets Stocks Debtors Cash at bank and in hand 16 273 273 952.673 24. 149 17 380,500 592.278 973.051 977.Q95 GreditOT5 amounls fèlling ¢Jue within one ar 18 1142.0481 17 18. 1581 Net current assets 831.003 8i8.937 Total assets les5 current liabilities 2.760.852 2. 736,432 Creditors amounis ialling aue atet more Ihan one yeaf 19 116,5901 127.4421 Total net asseis 2.744.262 2. 708 99CI Charity funds Restricied funfJs 21 90.688 2.653.574 291437 2.417i53 Unresiricled iunds 21 Total lun¢Js 2.744.262 ?. TQ8 99Q The Cnarily's rEei movement Ip tnos '.or the lear i'las :3i.?1212022- r272 2401. The Trusiees ackrtJ:'Iledge their TesPO.rySLbililies fci corn.plpD.g viith '.na reqviremanis of th.e Act 'Nilh respect io accodlltlllg records and preparaiion ?1 iinancial steiement5. The Inan I pWalèmènls':iere appTove(S and author15ed lor Issu* Oy ine Tfuslees and signed on Ineir bèb.all Dy" Mr S Wells Tru5Lee Date Tne rioies ofl oag&s 19 io 47 forfry part of &r.e5e firEanca31513iemeniS. Page17 OAK TREE ANIMALS. CHARITY IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Cash flows from operating activities Nel cash used in operating actiwties Inote 241 685,897 1392. 729) Cash Ilows from Fnvesting activities Dividends. interests and rents fr