South West GSD Rescue
Charity No. 1171842
Trustees' Report and Unaudited Accounts
31 August 2023
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 13 |
| 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 2023.
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 (Resigned 11 May 2023) P. Evans
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 or foster care. The charity is pleased to have helped keep them in safety.
During the year under review, the charity successfully rehomed 36 dogs in the UK, a decrease on the previous year. This reflects the challenging financial environment with fewer people able to commit to the costs of dog ownership.
FINANCIAL REVIEW
At the reporting date, the charity's financial position was considered to be satisfactory. The charity made a surplus of £3,082 in a challenging fundraising environment.
The charity is grateful to its supporters who kept up a regular flow of donations despite the ongoing financial effects of the cost of living crisis. 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 above that level at the reporting date, but circumstances can quickly change depending on the number and condition of the dogs rescued.
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.
Since the death of M.S. Essex, the charity is actively seeking new Trustees. Interested parties are encouraged to get in contact.
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
17 November 2023
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 financial statements of South West GSD Rescue for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements 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 financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
James Hellyer FCA Chartered Accountant
Accountancy Edge Limited 12 Culm Close Bideford Devon
EX39 4AX 17 November 2023
Page 5
South West GSD Rescue Statement of Financial Activities
for the year ended 31 August 2023
| 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 income 9 Transfers between funds 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 |
Unrestricted funds |
Total funds | Total funds | |
|---|---|---|---|---|
| 2023 | 2023 | 2022 | ||
| £ | £ | £ | ||
| 32,459 | 32,459 | 70,903 | ||
| 205 | 205 | 467 | ||
| 2,319 | 2,319 | 3,444 | ||
| 34,983 | 34,983 | 74,814 | ||
| 489 | 489 | 830 | ||
| 29,144 | 29,144 | 60,240 | ||
| 2,268 | 2,268 | 5,103 | ||
| 31,901 | 31,901 | 66,173 | ||
| - | - | - | ||
| 3,082 | 3,082 | 8,641 | ||
| - | - | - | ||
| 3,082 | 3,082 | 8,641 | ||
| 3,082 | 3,082 | 8,641 | ||
| 10,683 | 10,683 | 2,042 | ||
| 13,765 | 13,765 | 10,683 | ||
Page 6
South West GSD Rescue Balance Sheet
at 31 August 2023
| at 31 August 2023 | ||
|---|---|---|
| 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 17 November 2023 |
2023 £ 14,485 14,485 (720) 13,765 13,765 13,765 13,765 13,765 13,765 13,765 |
2022 £ 11,043 |
| 11,043 (360) |
||
| 10,683 10,683 |
||
| 10,683 | ||
| 10,683 | ||
| 10,683 | ||
| 10,683 | ||
| 10,683 | ||
And signed on their behalf by:
P. Evans Trustee 17 November 2023
Page 7
South West GSD Rescue Notes to the Accounts
for the year ended 31 August 2023
- 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 income charity 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 legacies the 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 revaluation of fixed value 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, raising funds fundraising 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. 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. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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, calenders and auction items |
Unrestricted £ 21,509 10,950 32,459 Unrestricted £ 205 205 |
Unrestricted funds 2022 £ 70,903 467 3,444 74,814 830 60,240 5,103 66,173 8,641 8,641 8,641 2,042 10,683 Total 2023 £ 21,509 10,950 32,459 Total 2023 £ 205 205 |
Total funds 2022 £ 70,903 467 3,444 |
| 74,814 830 60,240 5,103 |
|||
| 66,173 | |||
| 8,641 | |||
| 8,641 | |||
| 8,641 2,042 |
|||
| 10,683 | |||
| Total 2022 £ 45,062 25,841 |
|||
| 70,903 | |||
| Total 2022 £ 467 |
|||
| 467 |
Page 10
South West GSD Rescue Notes to the Accounts
5 Other income
| Insurance payments 6 Expenditure on raising funds Costs of generating voluntary income Donations Fundraising trading costs Sale of raffle tickets, calenders 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 £ 2,319 2,319 |
Total 2023 £ 2,319 2,319 |
Total 2022 £ 3,444 |
|---|---|---|---|
| 3,444 | |||
| Unrestricted £ 350 139 489 Unrestricted £ 921 12,306 11,523 4,394 29,144 Unrestricted £ 1,142 406 720 2,268 |
Total 2023 £ 350 139 489 Total 2023 £ 921 12,306 11,523 4,394 29,144 Total 2023 £ 1,142 406 720 2,268 |
Total 2022 £ 444 386 |
|
| 830 | |||
| Total 2022 £ 692 24,448 20,943 14,157 |
|||
| 60,240 | |||
| Total 2022 £ 3,511 1,232 360 |
|||
| 5,103 |
Page 11
South West GSD Rescue Notes to the Accounts
| 9 Net income before transfers 2023 2022 This is stated after charging: £ £ Independent Examiner's fee 720 360 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2023 2022 Number Number Number of trustees paid expenses 2 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 778 370 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2023 2022 £ £ Accruals 720 360 720 360 13 Movement in funds At 1 Septemb er 2022 Incoming resources (including other gains/losses) Resources expended At 31 August 2023 £ £ £ Restricted funds: Unrestricted funds: General funds 10,683 34,983 (31,901) 13,765 Total funds 10,683 34,983 (31,901) 13,765 14 Analysis of net assets between funds Unrestricted funds Total £ £ Net current assets 13,765 13,765 13,765 13,765 |
9 Net income before transfers 2023 2022 This is stated after charging: £ £ Independent Examiner's fee 720 360 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2023 2022 Number Number Number of trustees paid expenses 2 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 778 370 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2023 2022 £ £ Accruals 720 360 720 360 13 Movement in funds At 1 Septemb er 2022 Incoming resources (including other gains/losses) Resources expended At 31 August 2023 £ £ £ Restricted funds: Unrestricted funds: General funds 10,683 34,983 (31,901) 13,765 Total funds 10,683 34,983 (31,901) 13,765 14 Analysis of net assets between funds Unrestricted funds Total £ £ Net current assets 13,765 13,765 13,765 13,765 |
9 Net income before transfers 2023 2022 This is stated after charging: £ £ Independent Examiner's fee 720 360 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2023 2022 Number Number Number of trustees paid expenses 2 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 778 370 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2023 2022 £ £ Accruals 720 360 720 360 13 Movement in funds At 1 Septemb er 2022 Incoming resources (including other gains/losses) Resources expended At 31 August 2023 £ £ £ Restricted funds: Unrestricted funds: General funds 10,683 34,983 (31,901) 13,765 Total funds 10,683 34,983 (31,901) 13,765 14 Analysis of net assets between funds Unrestricted funds Total £ £ Net current assets 13,765 13,765 13,765 13,765 |
9 Net income before transfers 2023 2022 This is stated after charging: £ £ Independent Examiner's fee 720 360 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2023 2022 Number Number Number of trustees paid expenses 2 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 778 370 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2023 2022 £ £ Accruals 720 360 720 360 13 Movement in funds At 1 Septemb er 2022 Incoming resources (including other gains/losses) Resources expended At 31 August 2023 £ £ £ Restricted funds: Unrestricted funds: General funds 10,683 34,983 (31,901) 13,765 Total funds 10,683 34,983 (31,901) 13,765 14 Analysis of net assets between funds Unrestricted funds Total £ £ Net current assets 13,765 13,765 13,765 13,765 |
9 Net income before transfers 2023 2022 This is stated after charging: £ £ Independent Examiner's fee 720 360 10 Trustee remuneration and expenses One or more of the trustees has been paid expenses in the current or prior periods. 2023 2022 Number Number Number of trustees paid expenses 2 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 778 370 11 Staff costs No employee received emoluments in excess of £60,000. 12 Creditors: amounts falling due within one year 2023 2022 £ £ Accruals 720 360 720 360 13 Movement in funds At 1 Septemb er 2022 Incoming resources (including other gains/losses) Resources expended At 31 August 2023 £ £ £ Restricted funds: Unrestricted funds: General funds 10,683 34,983 (31,901) 13,765 Total funds 10,683 34,983 (31,901) 13,765 14 Analysis of net assets between funds Unrestricted funds Total £ £ Net current assets 13,765 13,765 13,765 13,765 |
|---|---|---|---|---|
| 720 | 360 | |||
| At 1 Septemb er 2022 10,683 10,683 |
720 Incoming resources (including other gains/losses) £ 34,983 34,983 |
Resources expended £ (31,901) (31,901) Unrestricted funds £ 13,765 13,765 |
360 | |
| At 31 August 2023 £ 13,765 |
||||
| 13,765 | ||||
| Total £ 13,765 |
||||
| 13,765 |
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 2022 £ |
Cash flows £ |
At 31 August 2023 £ |
| 11,043 | 3,442 | 14,485 | |
| 11,043 11,043 |
3,442 3,442 |
14,485 | |
| 14,485 |
Page 13
South West GSD Rescue Detailed Statement of Financial Activities
for the year ended 31 August 2023
| Income and endowments from: Donations and legacies Donations Adoption fees Other trading activities Sale of raffle tickets, calenders and auction items Other Insurance payments Total income and endowments Expenditure on: Costs of generating donations and legacies Donations Costs of other trading activities Sale of raffle tickets, calenders 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 Travel and subsistence |
Unrestricted funds 2023 £ 21,509 10,950 32,459 205 205 2,319 2,319 34,983 350 350 139 139 489 921 12,306 11,523 4,394 29,144 29,144 953 189 1,142 |
Total funds 2023 £ 21,509 10,950 32,459 205 205 2,319 2,319 34,983 350 350 139 139 489 921 12,306 11,523 4,394 29,144 29,144 953 189 1,142 |
Total funds 2022 £ 45,062 25,841 |
|---|---|---|---|
| 70,903 | |||
| 467 | |||
| 467 | |||
| 3,444 | |||
| 3,444 | |||
| 74,814 444 |
|||
| 444 | |||
| 386 | |||
| 386 | |||
| 830 692 24,448 20,943 14,157 |
|||
| 60,240 | |||
| 60,240 3,511 - |
|||
| 3,511 |
Page 14
South West GSD Rescue
Detailed Statement of Financial Activities
General administrative costs,
| including depreciation and amortisation Bank charges General insurances Postage and couriers Software, IT support and related costs Sundry expenses Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
34 287 6 76 3 406 720 720 2,268 31,901 - 3,082 3,082 - 3,082 10,683 13,765 |
34 287 6 76 3 406 720 720 2,268 31,901 - 3,082 3,082 - 3,082 10,683 13,765 |
57 978 197 - - |
|---|---|---|---|
| 1,232 | |||
| 360 | |||
| 360 | |||
| 5,103 | |||
| 66,173 - |
|||
| 8,641 | |||
| 8,641 - |
|||
| 8,641 | |||
| 2,042 | |||
| 10,683 |
Page 15