South West GSD Rescue
Charity No. 1171842
Trustees' Report and Unaudited Accounts
31 August 2021
South West GSD Rescue Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | 8 to 14 |
| Detailed Statement of Financial Activities | 14 to 15 |
Page 1
South West GSD Rescue Trustees Annual Report
The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 August 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1171842
Principal Office
Paddon Park Shebbear Beaworthy Devon EX21 5RD
Trustees
The following Trustees served during the year:
N. Burgess M.S. Essex P. Evans S. James
Accountants
Accountancy Edge Limited 12 Culm Close Bideford Devon EX39 4AX
Bankers
Lloyds Bank Plc 5 High Street Bideford Devon EX39 2AD
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document is to relieve the suffering and distress of unwanted, stray or ill dogs primarily, but not exclusively, German Shepherds.
South West GSD Rescue is a non-profit organisation based in the South West of England. Our aim is to rescue, rehabilitate and re-home German Shepherds and related cross-breeds across the UK.
As Trustees of the charity we have have given due consideration to the Charity Commission’s published guidance on the Public Benefit requirement under the Charities Act 2011.
The charity rescues stray dogs abroad, where they receive care and medical treatment so that they are healthy enough to be taken back to the UK and rehomed. The charity also rehomes dogs surrendered by their owners in the UK.
People who meet the charity's criteria are invited to apply to adopt a dog. When a suitable dog becomes available, it will be introduced to its new family.
Page 2
South West GSD Rescue
Trustees Annual Report
If all goes well the family completes our adoption agreement stating the legal conditions of adopting a dog from South West GSD Rescue. Our adoption/donation fees vary according to the dog's age, pedigree and health; and are used to provide transport, basic care, feeding and veterinary treatment for the many dogs who need our help
ACHIEVEMENTS AND PERFORMANCE
The charity has successfully rehomed a large number of German Shepherds and related cross-breeds. This benefits the dogs, who find a loving home, and also the adoptive families who gain a new loving family member.
The dogs rescued by the charity are often in a poor condition due to cruelty and neglect. The charity incurs substantial costs on vets, medicines and kennels when it restores these animals to health so they can be transported to the UK and successfully rehomed.
The charity has also supported a number of dogs who are long stayers in kennels. The charity is pleased to have helped keep them in safety.
During the course of the year under review, the charity successfully rehomed over 100 dogs in the UK, an increase on the previous year. This was despite the impact of the Covid-19 pandemic.
FINANCIAL REVIEW
At the financial year-end, the charity's financial position was considered to be satisfactory. The Covid-19 pandemic curtailed many fund-raising events the charity would normally have held or participated in. The charity is grateful to its supporters who kept up a regular flow of donations despite the ongoing financial effects of the pandemic. Without their support, we would not have been able to rescue so many dogs and return them to health.
The charity has no fixed costs, but the variable costs relating to the number of dogs that are being held for adoption or ongoing medical treatment can vary dramatically. The charity would like to hold enough in reserves to fund three months of expenditure on animal welfare, vets and kennels. The Trustees estimate the required amount to be £5,000. The charity's reserves were below that level at the reporting date and the charity is actively raising funds to improve its position.
PLANS FOR FUTURE PERIODS
A large charity must provide a summary of the charity's plans for the future including its aims and objectives and details of any plans to achieve them ...
A large charity's report should explain the trustees perspective of the future direction of the charity...
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is constituted under a constitution adopted on 21 February 2017.
Trustees are either elected by the members at the Annual General Meeting or are co-opted between AGMs. All new Trustees are provided with a copy of the Charity commission publication CC3, "The Essential Trustee", which outlines what is expected of a charity Trustee and their responsibilities to the charity.
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 3
South West GSD Rescue Trustees Annual Report
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
That the trustees are responsible for the maintenance and integrity of information included on the company's website.
Signed on behalf of the charity's trustees
P. Evans
Trustee 01 March 2022
Page 4
South West GSD Rescue Independent Examiners Report
Independent Examiner's Report to the trustees of South West GSD Rescue
I report to the trustees on my examination of the accounts of South West GSD Rescue for the year ended 31 August 2021 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Hellyer MA (Cantab.) FCA ICAEW Accountancy Edge Limited 12 Culm Close Bideford Devon
EX39 4AX 01 March 2022
Page 5
South West GSD Rescue Statement of Financial Activities
for the year ended 31 August 2021
| Notes Income and endowments from: Donations and legacies 3 Other trading activities 4 Other 5 Total Expenditure on: Raising funds 6 Charitable activities 7 Other 8 Total Net gains on investments Net (expenditure)/income 9 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2021 £ 67,868 373 1,594 69,835 850 86,204 4,063 91,117 - (21,282) - (21,282) (21,282) 23,324 2,042 |
Total funds 2021 £ 67,868 373 1,594 |
Total funds 2020 £ 53,218 715 1,278 |
|---|---|---|---|
| 69,835 850 86,204 4,063 |
55,211 745 40,664 2,717 |
||
| 91,117 - |
44,126 - |
||
| (21,282) - |
11,085 - |
||
| (21,282) | 11,085 | ||
| (21,282) 23,324 |
11,085 12,239 |
||
| 2,042 | 23,324 |
Page 6
South West GSD Rescue Balance Sheet
at 31 August 2021
| at 31 August 2021 | ||
|---|---|---|
| Charity No. 1171842 Current assets Cash at bank and in hand Creditors:Amount falling due within one year 12 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 13 Unrestricted funds 13 General funds Reserves 13 Total funds Approved by the trustees on 01 March 2022 |
2021 £ 2,792 2,792 (750) 2,042 2,042 2,042 2,042 2,042 2,042 2,042 |
2020 £ 24,074 |
| 24,074 (750) |
||
| 23,324 23,324 |
||
| 23,324 | ||
| 23,324 | ||
| 23,324 | ||
| 23,324 | ||
| 23,324 | ||
And signed on their behalf by:
P. Evans Trustee 01 March 2022
Page 7
South West GSD Rescue Notes to the Accounts
for the year ended 31 August 2021
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 8
South West GSD Rescue Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT expenditure which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities charitable activities and services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
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Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
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Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Page 9
South West GSD Rescue Notes to the Accounts
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Statement of Financial Activities - prior year
| 2 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Other trading activities Other Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Donations Adoption fees 4 Income from other trading activities Sale of raffle tickets and auction items |
Unrestricted £ 35,747 32,121 67,868 Unrestricted £ 373 373 |
Unrestricted funds 2020 £ 53,218 715 1,278 |
Total funds 2020 £ 53,218 715 1,278 |
| 55,211 745 40,664 2,717 |
55,211 745 40,664 2,717 |
||
| 44,126 | 44,126 | ||
| 11,085 | 11,085 | ||
| 11,085 | 11,085 | ||
| 11,085 12,239 |
11,085 12,239 |
||
| 23,324 | 23,324 | ||
| Total 2021 £ 35,747 32,121 |
Total 2020 £ 31,339 21,879 |
||
| 67,868 | 53,218 | ||
| Total 2021 £ 373 |
Total 2020 £ 715 |
||
| 373 | 715 |
Page 10
South West GSD Rescue Notes to the Accounts
5 Other income
| Other income 6 Expenditure on raising funds Costs of generating voluntary income Donations Fundraising trading costs Sale of raffle tickets and auction items 7 Expenditure on charitable activities Expenditure on charitable activities General costs for dogs Pension, kennels and fostering Transport of dogs to the UK Vets, medicines and micro-chip registrations Governance costs 8 Other expenditure Motor and travel costs General administrative costs Legal and professional costs |
Unrestricted £ 1,594 1,594 |
Total 2021 £ 1,594 |
Total 2020 £ 1,278 |
|---|---|---|---|
| 1,594 | 1,278 | ||
| Unrestricted £ 418 432 850 Unrestricted £ 7,420 35,101 25,573 18,110 86,204 Unrestricted £ 1,846 1,467 750 4,063 |
Total 2021 £ 418 432 |
Total 2020 £ 384 361 |
|
| 850 | 745 | ||
| Total 2021 £ 7,420 35,101 25,573 18,110 |
Total 2020 £ 6,346 13,662 14,256 6,400 |
||
| 86,204 | 40,664 | ||
| Total 2021 £ 1,846 1,467 750 |
Total 2020 £ 591 1,376 750 |
||
| 4,063 | 2,717 |
Page 11
South West GSD Rescue Notes to the Accounts
| 9 Net (expenditure)/income before transfers 2021 2020 This is stated after charging: £ £ Independent Examiner's fee 750 750 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2021 2020 Number Number Number of trustees paid expenses 1 2 The nature of the reimbursed expenses The Trustees incur out-of-pocket expenses for items like travel, postage and stationery, which are reimbursed by the charity. £ £ Total expenses reimbursed to trustees 150 257 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2021 2020 £ £ Accruals and deferred income 750 750 750 750 |
9 Net (expenditure)/income before transfers 2021 2020 This is stated after charging: £ £ Independent Examiner's fee 750 750 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2021 2020 Number Number Number of trustees paid expenses 1 2 The nature of the reimbursed expenses The Trustees incur out-of-pocket expenses for items like travel, postage and stationery, which are reimbursed by the charity. £ £ Total expenses reimbursed to trustees 150 257 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2021 2020 £ £ Accruals and deferred income 750 750 750 750 |
9 Net (expenditure)/income before transfers 2021 2020 This is stated after charging: £ £ Independent Examiner's fee 750 750 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2021 2020 Number Number Number of trustees paid expenses 1 2 The nature of the reimbursed expenses The Trustees incur out-of-pocket expenses for items like travel, postage and stationery, which are reimbursed by the charity. £ £ Total expenses reimbursed to trustees 150 257 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2021 2020 £ £ Accruals and deferred income 750 750 750 750 |
9 Net (expenditure)/income before transfers 2021 2020 This is stated after charging: £ £ Independent Examiner's fee 750 750 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2021 2020 Number Number Number of trustees paid expenses 1 2 The nature of the reimbursed expenses The Trustees incur out-of-pocket expenses for items like travel, postage and stationery, which are reimbursed by the charity. £ £ Total expenses reimbursed to trustees 150 257 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2021 2020 £ £ Accruals and deferred income 750 750 750 750 |
9 Net (expenditure)/income before transfers 2021 2020 This is stated after charging: £ £ Independent Examiner's fee 750 750 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2021 2020 Number Number Number of trustees paid expenses 1 2 The nature of the reimbursed expenses The Trustees incur out-of-pocket expenses for items like travel, postage and stationery, which are reimbursed by the charity. £ £ Total expenses reimbursed to trustees 150 257 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2021 2020 £ £ Accruals and deferred income 750 750 750 750 |
|---|---|---|---|---|
| 750 | ||||
| 13 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds 14 Analysis of net assets between funds Net current assets |
At 1 September 2020 23,324 23,324 |
Incoming resources (including other gains/losses) £ 69,835 69,835 |
Resources expended £ |
At 31 August 2021 £ 2,042 |
| (91,117) | ||||
| (91,117) | 2,042 | |||
| Unrestricted funds £ 2,042 |
Total £ 2,042 |
|||
| 2,042 | 2,042 |
Page 12
South West GSD Rescue Notes to the Accounts
15 Reconciliation of net debt
| Reconciliation of net debt | |||
|---|---|---|---|
| Cash and cash equivalents Net debt |
At 1 September 2020 £ |
Cash flows £ |
At 31 August 2021 £ |
| 24,074 | (21,282) | 2,792 | |
| 24,074 24,074 |
(21,282) | 2,792 | |
| (21,282) | 2,792 |
16 Post balance sheet events
The Covid-19 pandemic has continued to materially and adversely affect the charity's fund raising and operational activities. As restrictions in England have now been removed, the Trustees are optimistic that fundraising activities can recommence.
Page 13
South West GSD Rescue Statement of Cash flows for the year ended 31 August 2021
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2021 £ (21,282) (1,594) - (22,876) 1,594 1,594 - (21,282) 24,074 2,792 |
2020 £ 11,085 (1,278) 30 |
|---|---|---|
| 9,837 1,278 |
||
| 1,278 | ||
| - | ||
| 11,115 | ||
| 12,959 | ||
| 24,074 | ||
| Components of cash and cash equivalents | ||
| Cash and bank balances | 2,792 | 24,074 |
| 2,792 | 24,074 |
Page 14
South West GSD Rescue Detailed Statement of Financial Activities
for the year ended 31 August 2021
| Income and endowments from: Donations and legacies Donations Adoption fees Other trading activities Sale of raffle tickets and auction items Other Other income Total income and endowments Expenditure on: Costs of generating donations and legacies Donations Costs of other trading activities Sale of raffle tickets and auction items Total of expenditure on raising funds Charitable activities General costs for dogs Pension, kennels and fostering Transport of dogs to the UK Vets, medicines and micro-chip registrations Total of expenditure on charitable activities Motor and travel costs Vehicles - General costs General administrative costs, including depreciation and amortisation |
Unrestricted funds 2021 £ 35,747 32,121 67,868 373 373 1,594 1,594 69,835 418 418 432 432 850 7,420 35,101 25,573 18,110 86,204 86,204 1,846 1,846 |
Total funds 2021 £ 35,747 32,121 67,868 373 373 1,594 1,594 69,835 418 418 432 432 850 7,420 35,101 25,573 18,110 86,204 86,204 1,846 1,846 |
Total funds 2020 £ 31,339 21,879 |
|---|---|---|---|
| 53,218 | |||
| 715 | |||
| 715 | |||
| 1,278 | |||
| 1,278 | |||
| 55,211 384 |
|||
| 384 | |||
| 361 | |||
| 361 | |||
| 745 6,346 13,662 14,256 6,400 |
|||
| 40,664 | |||
| 40,664 591 |
|||
| 591 | |||
Page 15
South West GSD Rescue
Detailed Statement of Financial Activities
| Bank charges General insurances Information and publications Postage and couriers Stationery and printing Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
47 1,071 1 46 302 1,467 750 750 4,063 91,117 - (21,282) (21,282) - (21,282) 23,324 2,042 |
47 1,071 1 46 302 1,467 750 750 4,063 91,117 - (21,282) (21,282) - (21,282) 23,324 2,042 |
403 837 - 16 120 |
|---|---|---|---|
| 1,376 | |||
| 750 | |||
| 750 | |||
| 2,717 | |||
| 44,126 - |
|||
| 11,085 | |||
| 11,085 - |
|||
| 11,085 | |||
| 12,239 | |||
| 23,324 |
Page 16