Registered Charity Number: 1169516 The Rose Animal Welfare Trust CIO Trustees. Annual Report and Financial Statements for the Year Ended 31 October 2020
The Rose Animal Welfare Trust CIO Contents Page Chartty Infomiatlon .............................................................................. ..... Report of the Trustees................. . ........- . ... . . Trustees, Responslbllltles.. Independent Examlnerfs Report......................................................................... Statement of finandal Artbvlties ........................................................................ Balante Sheet................................................................................................. Notes to the Flnanclal Statements.... 8- 13
The Rose Animal Welfare Trust CIO Charity information Trustees Mrs Antolnette Tomkinson (Chalr) Mr Nigel Paul Shaw Ms Elizabeth Ellen Webb Registered charity number 1169516 Registered office Triune Court Monks Cross Drtve Huntlngton York Y032 9GZ Independent ex•mlner Karen Wood. ACMA Outsource Accountancy Servlces and Independent Examlnatlons Hlscox Building Peasholme Green York YOI 7PR Accountants Garbutt & Elliott LLP Trlune Court Monks Cross Drive Huntington York Y032 9GZ Bankers The yorkshi Bank 46 Coney Street York YOI 9NQ Sollcltors Lupton Fawcett Stamford House Plccadllly York Yol 9PP Investment Managers Brewin Dolphln 10 Wellington Place Leeds LSI 4AN
The Rose Animal Welfare Trust CIO Report of the Trustees for the year ended 31 October 2020 The Trustees present their annual report together with the finanoal statements of the charity for the pe0d year 31 October 2020. The financial statements have been pPared in accordantt with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5102) {effecbve l January 20191 as detatled in the accounting policles. Strurture, Governance and Mjnagement The Rose Animal Welfare Trust cio (the "Charity.? was reglstered as a charity on the 6 Ortober 2016, number 1169516. the Constitution dated 6 OLtober 2016 fomis its goveming document. Reference and AdmlnlstrJtlve Detalls The reference and administrative details are shown within the charity inforniation page which forms part of thls Trustees Report. Trustees The Trustees who served durlng the year and up to the date of slgnature of the financlal statements were- Mrs Antolnette Tomklnson (Chalr) Mr Nlgel Paul Shaw Ms Elizabeth Ellen Webb New Trustees may be appolnted at properly convened Trustees, meetSng by a reso',Jtlon of the Twstees, and recorded In the mlnutes. The mlnutes would be slgned by the new Trustee to provlde evidence of appolntment. Rl$k management The Trustees have assessed the major rtsks to whlch the charity Is exposed. In partlcular those related to the operatlons and finances of the charfty, and are satisfied that systems are In place to mitlgate the exposure to major rlsks. Public benefit The Trustees have complled wlth the duty In Sectlon 17{5} of the 2011 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit. Objertives and Activities The primary objertive Is the promotlon of humane behavlour and rellevlng sufferfng of domestlc and wild animals. In planning the activities for the year the Tnjstees have kept In mind the Charity Commission's guidance on public benefit at the Trustee meetings. The Constitution obliges the Trustees to apply the Charity income to such charities and for such charitable purposes and in such proporknons and in such manner and subjert to such terms and Conditions as they may determine. The Trustees respond to numerous written requests for donations from a wide range of charities and the donations made are set out in the Schedule of t)onations on page 13 of the financial statements. The Trustees regularly discuss the poliry of donations. The Trustees believe that the donations fulfil the charyty's public benefit requirement.
The Rose Animal Welfare Trust CIO Report of the Trustees for the year ended 31 October 2019 Achlevements and Perfornjance Durtng the year the charity benefited from further generous donations of cash and glft in kind of £3.200. The Charity's principle SOU of funding on an ongolng basls is from the return on Its investments. The key objectives of the Charity have been supported in the year to 31 October 2020 a$ 97Wo of the Charity's expenditure related to charitable donations. The Trustees awarded charitable grants totalling £303.000. A list of grants can be found In note 10 to the Financial Staternents. Flnanclal Revlew The Charlty's Investrnents are shown In the 8alance Sheet at the matket value, at the balance sheet date as all Investments ère listed on quoted markets. the market valuation Is freely avallable. Durlng the year total income amounted to £18.559. Expenditure for the year totalled £311, 139, maklng net expendlture for the year of £292,580. At the balance sheet date, the charity had total fvnds of £636,576. Uncommltted resetves freely available for charitable activlties were £636,576. Reserves pollcy It Is the policy of the chadty to malntaln Investments at such a level to generate sufficlent cash funds annually to allow it to meet its charltable objectives In the comlng year. These cash funds must also be sufficient to cover the experted annual administrative ail d grtvernance costs of the charlty excludlng investment management fees. Investrnent powers and pollcy Under the constitution, the charity has the k>ower to make any Investment whlch the Trustees see fit. The Trustees have not adopted an ethical investment policy. The Trustees review thelr Investment pollcy at gUlar Intervals. Plans for Future Perlods The charity plans to continue the activities outlined above In the forthtt¢rnin9 years, subject to satysfartory returns on Investment. 2210112021 Thls pOrt was approved by the Board of Trustees on ............... . and slgned on its behalf by.. o,rwQ n@L Chair ot Trustee5 Mrs Antoinette Tomkinson
The Rose Animal Welfare Trust CIO Statement of Trustees, accountlng and reportlng responslbllltles The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales wuires the Trustees to prepare financial statements for each finanaal year which give a true and fair view of the state of affairs of the charity and of the incomlng resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: Select suitable accountlng poliaes and then apply them consistentlyi Observe the methods and principals In the Charitles SORP; Make Judgements and esbmates that are reasonable and prudent; stste whether appllcable accountlng standards have been followed, subject to any materfal departures disclosed and explained In the finanoal ststements- and Prepare the finandal statements on the golng concern bas15 unless It Is Inappropdate to presume that the char6ty wlll contlnue In business. The Trustees are responslble for keeplng proper accountlng records that dlsdose wlth reasonable accuracy at any time the finanaal position of the charity and enable them to ensure that the flnanclal statements comply with the Charltles Act 2011, the Charfty (Accounts and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are a150 responslble for safeguardln9 the assets of the charity and hence for tsking reasonable steps for the prevention and deteciion of fraud and other Irre9ularitles. The Trustees are responsible for the maintenance and Sntegrity of the charlty and financial Information Included on the charlty's website. Leglslation In the Unlted Klngdom governlng the preparation and dissemination of financial statements may differ from legislation in other Jurlsdlctlons.
The Rose Animal Welfare Trust CIO Independent Examiner's Report to the Trustees of The Rose Animal Welfare Trust CIO I report to the trustees on my examlnatlon of the accounts of the Rose Anlmal Welfare Trust ao for the year ended 31 October 2020. Thls report Is made solely to the Charfty's Trustees. as a body. In accordance wlth 5ettlon 145 of the Charities Act 2011. My independent examination work has been undertaken so that l rnight state to the Charity's Trustees those matters l am requlred to state to them In an Independent Examine5 Report and for no other purpose. To the fullest extent pemiltted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a bodyi for my Independent examSnation work, for thls report, or for the oplnlons I have fomied. Re5ponslbllitles and basis of report As the charfty trustees of the Trust you are responsible for the pparatIon of the accounts Sn actordance wlth the requirements of the Charities Act 2011 Cthe ACY). I report In respert of my examlnatlon of the Trust's accounts Caled out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Dlrectlons glven by the Charity commlssion under section 145(5)(b) of the Art. Independent Exarnlnerfs Statement I have completed my examlnatlon. I conflm) that no materfal matters have come to my attentlon In connertion with the examlnation glvlng me cause to belleve that In any materfal respect: l. accountlng records were not kept In respect of the Trust as requlred by sectlon 130 of the Att; or 2. the accounts do not accord wlth those records: or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requ1Ment that the accounts give a true and falr view whlch Is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Karen Wood, ACMA 2210112021 Outsource Accountancy Servlces and Lndependent Examinations Hlscox Building Peasholwne Green York YOI 7PR
The Rose Animal Welfare Trust CIO Statement of Financial Artivities for the year ended 31 October 2020 2020 2019 Notes Income from: Donations 3,200 336,350 Investment income Total income 359 846 Expendlture on: Charitable activities 311,139 283.875 Total expendlture 311,139 283 875 Net Income betore other recognised gains 292 580 Other recognlsed galns Realised and unreallsed (losse5)Igains on Investments (23,979) 29,663 Net movement In fvnds for the perlod (316,559) 105,634 Reconclllatlon of funds: Fund balances brought fotward 953,135 847,501 Funds Carrled forward 636,576 953,135 All income and expenditure in the Statement of Flnandal Activknes was unrestricted In both the current and prior year. The Ststement of FiAartcial Acbvities Includes all gains and losses recognised In the year.
The Rose Animal Welfare Trust CIO Balance sheet as at 31 October 2020 2020 2019 Notes Flxed assets Investments 622,864 921,782 Current assets Debtors: Gift-aid recoverable Cash at bank 3,355 14.133 3,355 31,774 Current liabilities: Amounts falling due wlthln one ear {3.776) (3.776) Net current assets Total awts less curyent Ilabllltles 636,576 953,135 Net assets 636,576 953.135 Fund$: Unrestrlcted lunds 636 576 953 135 636.576 953,135 The notes on pages 8-13 fomi part of these finanaal statements. 2210112021 The financlal statsments on pages 6-13 were approved by the Trustees on ........................... o.rLknR Trustee Mrs Antolnette Tomklnson
The Rose Animal Welfare Trust CIO Notes to the financial statements for the year ended 31 October 2020 Accounting policies The prfnapal accounting policies adopted, Judgements and key Sour of estlmatlon uncertainty In the preparation of the financial ststements are as follows: Charity Information The Rose Animal Welfare Trust CIO is a charity established by Constitutlon t1ated 6 October 2016, and reglstered with the Charfty Commission under charity number 1169516. The tharity's principal Offi address is Triune Court. Monks Cross Drive. Huntington. yo. Y032 9GZ. A¢¢ountlng conventlon The financial statements have been prepa In accordance wlth appllcable United Kingdom accounting siandards including Accounting and Reporting by Charitie5- Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financbal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve l January 20191- {Charltles SORP {FRS 102), the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland IFR5102> and the Charities Act 2011. The financial statements are psented In Sterfing, which Is the functional currency of the charlty. Monetary amounts in these financlal statements a rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, ès modbfied by the revaluatlon of certaln fixed assets. Golng concem The Trustees have prepared flnandal projertlons, taklng Into conslderatlon the cUrnt economlc climate and its potential impact on the sources of income and planned expenditure. They have a reasonable expectation that adequate financial resources are avallable to enable the charity to continue In operational existence for the foreseeable future. and have adequate contlnoency plans In the event that income streams are reduced. Whilst the global economy has been si9niflcantly Impacted by the COVLD-19 virus. the charSty stlll has reserves sufficient to meet its immediate requirements. Thus the trustees continve to adopt the going concern basls of accountlng in preparlng the finandal statements. Income Income is recognised in full In the Statement of Financial Activitles fSoFA? In the year In whlch St Is recelvable. Income from Investments Dividend and Inte$t income fmm investment fvnds is Induded when te[Vable and the amount can be measured reliably by the charity; this Is nomially upon notlflcatlon of dlvldends and interest pald or payable by the Fund Manager. Interest income from cash deposits anfl Ilsted Investsnents Is recognlsed in the accounts gross, when receivable. ExpenditllTe Expenditure (excluding grants} is included in the SOFA on an accruals bas15. Charitable athvities Indude support expenditure associated with the administration and Issubng of grants.
The Rose Animal Welfare Trust CIO Notes to the flnanclal statements for the year ended 31 October 2020 (continued) Grants Grants payable are commitments (induding payments) made to third parties In the furtherance of the charitable objectives of the charity. Single or multi-year grants are accounted for as grants payable when elther the reclpient has a reasonable expeLtstion that they will receive a grant and the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will recelve a grant and any condltlon attachlng to the grant Is outslde the control of the charfty- Flxed asset Investments Investments are a fomi of basic financial instrument. Usted investments are stated at market value at the balance sheet date. The Ilsted Investment portfollo Is held to generate returns and gains for the charity and accordingly is designated as falr value through profit and loss I"FvfpL"). Under this designation the portfolio Is revalued at each period end to its fair value, as detem)ined by reference to quoted market prices and values determlned by Independent fiJnd managers. with any 9alns or losses golng through the SOFA. 1.9 Flnanclal Instruments The charity has elted to opply the provlslons of Secuon 11 'Ba51c Flnancial Instruments, and Sectlon 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financlal Instruments. The Charity only has financial assets and Ilablllties of a klnd that qualify as basic financbal Instruments In accordance with section I l of FRS 102. Basic financial instruments are Inltially recognlsed at transactlon value and are subwuently measured at thelr settlement value. The Charity does not acquire put optlons, derivatlves or other complex financlal Instruments. 1.10 Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturlty held for worklng capltal. 1.11 Debtors Flnanclal assets, other than those held at falr value through proflt and loss, are assessed for indicators of impairment at each reporting end date. nanclal assets are Impaired where there Is objectlve evidence that, as a SuIt of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. Any Impairment lo 15 recognlsed In the Income and expendlture account. 1.12 Credltors, loans and provlslons Credito, loans and provisions ère cOgnised Whe the Charity has a present obligation resulting from a past event that will probably result in the trdnsfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provls5ons are nomially CognISed at theor settlement amount after allowing for any trade discounts due. Financial liabilities are derecognised when, and only when, obllgations are discharged. cancelled or they explre. Amounts recognised as provisions are best estlmates of the consideration Trquired to settle the psent obligation at the pOrting end date. taking into account the risks and uncertainties surrounding the obligation. 1.13 Fund accounting I funds reIVed in the year are unrestricted in their application, the Trustees having full discretion over thelr use.
The Rose Animal Welfare Trust CIO Notes to the financial statements for the year ended 31 October 2020 (continued) 1.14 Crltlcal accountlng estimates and judgements Ln the appli¢ation of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily appant from other sources. The estimates and associated assumptions are based on hlstorical expedence and other factors that are considered to be relevant. Actual results mav differ from these estimates. The estimates and underlying assumptions are revlewed on an ongolng basls. Revisions to accounting estimates are recognised In the perlod In which the estimate is revlsed, If the revision affects only that period, or in the period of the revision and future perbods If the revlsion affetts both current and future perlods. The Trustees have Judged that there are no estimates or assumptlons whlch have a slgnlflcant rlsk of causing a material adjustment to the carylng amount of assets and liabilitles. Income frorn donatlons 2020 2019 Gift of shares at valuation (note 5) Donatlons Gifts in kind 331,586 1,414 3,350 336 350 3,200 Income from Investments 2020 2019 DSvldends 15,345 23,496 Lnterest 14 15,359 23,496 Charltable artlvltles expendfture 2020 2019 Notes Grants and donatlons io 303,000 274,000 Support costs 8,139 9,875 283,875 Total expenditure 311,139 Anal sls of su Investment Management fees Independent examination fee Accountancy other costs Total su rt costs 4.939 550 2,650 5,964 500 3,D90 321 ort Costs 2020 2019 Reconclllatlon of grants payable Grants comrrbitted in the year Grants paid in the year Commltments at 31 October 303,000 274,000 (303,000) (274,0001
The Rose Animal Welfare Trust CIO Notes to the financial statements for the year ended 31 October 2020 (continued) Charltable actlvitles expendlture (contlnued) To comply with Charities SORP (FRS 102) non-perfonmance grants a reported In the SOFA on approval of application. In some cases payment may be spread over a period of time which gives rlse to future commltments. There were no future commitments in respect of grants at the year end. There were no staff employed by the charfty durlng the perfod. Other than as dlsdosed In note 10 the Trustees are unpaid and did not receive any remuneration. benefits or expenses from the charity in the pertod. Induded wlthln admlnlstravon and accountsnry fees Is the Examlnerfs fee of £550 (2019 - £550). Flxed asset Investments Usted Investments G75h 2020 2019 Market value brought forward Glft In kln 912,046 9,736 921,782 814,998 333,000 110,977 381.447 492,424 653,958 (381,447) (110,9771 (492,4241 (653,958) (270.000) {270,000) (250,000) (4,939) 14,939) {5,879) Additbtsns at cost Dlsposals Transfers out Management fees and BAC fee pald Reallsed and unreallsed galns/(losses) on Investments Market value c•rrled forward {23,979) (23,979) 29.663 617,597 5,267 622,864 618,545 921,782 897,559 Hlstorlcal cost at 31 October Investments are represented bv: 2020 2019 UK and Overseas Bonds 38,989 558,630 19,978 53,886 809,079 18,786 30,295 9,736 UK and Overseas Equltles Absolute Retum Private Equity Capital account - cash Value as at 31 October 5,267 622.864 921,782 Creditors: amounts falling due within one year 2020 2019 Accruals 3.776 3,776
The Rose Animal Welfare Trust CIO Notes to the financial ststements for the year ended 31 October 2020 (continued) Funds As at Income EXpendIrn Reallsed and Asat l November unreallsed 31 October 2019 9ains on 2020 Investments Unrestricted lund5: General Totsl 953.135 953,135 18.559 18,559 (311,139) (311.139) (23,979} (23,979) 636,576 636,576 As at Zncome Expendlture Reallsed and Asat l November unrealised 31 October 2018 {1055es) on 2019 Investments Unrestricted funds: General Total 847.501 359,846 847,501 359,846 {283,875) 1283,875) 29,663 29,663 953,135 953, 135 Analysls of net assets between funds 2020 2019 As at 31 Ortober 2020 Flxed Assets Investments 622,864 921,782 Current assets 17,488 35,129 (3,776) Current Ilabllltles {3,776) 636,576 953,135 R•lated party transartlons Mrs Antoinette Tomkinson seitled fees of £3,200 on behalf of the charity and this amount has been treated as a gift in kind in these financial ststements. At the balance sheet date an amount of £2,650 Inclusive of VAT is induded in accruals, this lated to an amount due to Garbutt & Elliott LLP, a knmited LiabElity Partnership in which Mr Nigel Paul Shaw is a Partner, in respect of book-keeping services, the preparation of the financial statements and preparation and submission of the charity's annual return. No amounts have been charged In respect of Trustee services provided personally by Mr Nlgel Paul Shaw.
The Rose Animal Welfare Trust CIO Notes to the flnancial statements for the year ended 31 October 2020 (continued) 10. Grant expenditure Organisation Committed and pald 2020 Commltted and paid 2019 Anlmal Asla Foundauon 8attersea Dogs and Cats Home Beneath the Wood Sanctuary Blue Cross for Pets Brent Lodge Bird & Wildlife Trust 8rooke Carlng for Cats Yorkshlre and Humber Cats Protection Compasslon In World Farmlng Cruelty Free Internatlonal Trust Cuan Wlldllfe Res¢ue Dogs Trust Eden Anlmal Rescue Trust Four Paws Freedom of the Splrit Trust for Border Collles Good Llfe Dog Rescue Grey Hound Trust Happa Horse Rescue Happy Paws Puppy Rescue Horse Trust Hull Animal Welfare Trust Humane Soclety Intemational Humanlmal Trust Moorvlew Kennels & Cattery Moorvlew Rescue Network for Animals Nowzad Rescue Oak Tree Fami PDSA PA Raln Rescue Redwings Horse Sanctuary Rushton Dog Rescue Safe Haven for Donkeys In the Holy Land stockenchurch Dog Rescue The tlonkey Sanctuary The Mare and Foal Sanctuary Wodd Hotse Welfare Total rants 10,000 5,000 5,000 10.000 10,000 10,000 10,000 10,000 10,000 5,000 10.000 6,000 10.000 5,000 10,000 5,000 10,000 10.000 10.000 10,000 10,000 10,000 10,000 10,000 5,000 10,000 3,000 10,000 4,000 10,000 10,000 15,000 10,000 5,000 s,000 14,000 5,000 5,000 10,000 10,000 10,000 10,000 10,000 io,000 10,000 s,000 10,000 10,000 10,000 10,000 10.000 10,000 10,000 5,000 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10.000 10,000 303 000 274 000 13