**REGISTERED COMPANY NUMBER: 09834007 (England and Wales) REGISTERED CHARITY NUMBER: 1171888**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 OCTOBER 2023**
## **FOR**
## **GLENDEE RESCUE LTD**
**(A COMPANY LIMITED BY GUARANTEE)**
AGK Partners Chartered Accountants
1 Kings Avenue London N21 3NA
**GLENDEE RESCUE LTD**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Statement of Financial Position**||6||
|**Notes to the Financial Statements**|7|to|11|
|**Detailed Statement of Financial Activities**||12||
**GLENDEE RESCUE LTD**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 OCTOBER 2023**
**TRUSTEES** Ms G L Armstrong Miss K A Shaw Miss C Johnson (resigned 1.8.23) **REGISTERED OFFICE** Dixons Hill Close Welham Green Hatfield Hertfordshire AL9 7EG **REGISTERED COMPANY NUMBER** 09834007 (England and Wales) **REGISTERED CHARITY NUMBER** 1171888 **INDEPENDENT EXAMINER** AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
Page 1
**GLENDEE RESCUE LTD (REGISTERED NUMBER: 09834007)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2023**
The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements for the period 1 November 2022 to 31 October 2023.The Trustees confirm that the annual report and financial statements of the company comply with the Charities Act 2011, the Companies Act 2006, the company's governing document and Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity's objects are to promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters of pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.
## **Achievements and performance**
The charity has continued to promote humane behaviour towards animals during the year.
## **Public benefit**
In planning any activities for the year the Trustees have considered the Charity Commission guidance on public benefit.
## **Financial Review**
The financial results of the charity are as shown in the Statement of Financial Activities on Page 4. As can be seen, there is a net surplus of £21,180 (2022: £5,119) for the period. The Trustees consider that the performance of the charity this year has been satisfactory.
The charity retains some reserves in order to meet the expenses as and when they arise and in the event that no income is being received.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
None of the trustees have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Induction and training**
As part of their training, Trustees are given an information pack which includes the Foundation's Memorandum and Articles of Association and the Charity Commission guidance on Trustees' Responsibilities. All Trustees are aware of their legal duties and obligations in respect of the management of the Foundation, including in relation to the protection of its assets.
## **Risk management**
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures manage any perceived risks.
## **Plans for the future**
The Trustees propose to continue their current activities going forward. Uncertainties in the current climate continues due to the war in Ukraine and its magnitude is uncertain. The trustees have carefully considered the likely effect of these uncertainties on the future performance of the charity and consider that although these will have an impact on the performance, the charity will have adequate resources and plans to minimise any adverse impact and remain in operational existence.
Page 2
**GLENDEE RESCUE LTD (REGISTERED NUMBER: 09834007)**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 OCTOBER 2023**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 24 December 2024 and signed on its behalf by:
Ms G L Armstrong - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GLENDEE RESCUE LTD (REGISTERED NUMBER: 09834007)**
## **Independent examiner's report to the trustees of Glendee Rescue Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Alekos Christofi, FCCA
AGK Partners Chartered Accountants 1 Kings Avenue London N21 3NA
24 December 2024
Page 4
**GLENDEE RESCUE LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2023**
|2023
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
57,336
Other trading activities
2
3,481
Investment income
3
9
**Total**
60,826
**EXPENDITURE ON**
Raising funds
4
17,170
**Charitable activities**
5
Other Expenses
168
Other
6
22,308
**Total**
39,646
**NET INCOME**
21,180
**RECONCILIATION OF FUNDS**
Total funds brought forward
44,859
**TOTAL FUNDS CARRIED FORWARD**
66,039|2022
Total
funds
£
36,405
1,842
1|
|---|---|
||38,248|
||603
218
32,308|
||33,129|
||5,119
39,740|
||44,859|
The notes form part of these financial statements
Page 5
**GLENDEE RESCUE LTD (REGISTERED NUMBER: 09834007)**
## **STATEMENT OF FINANCIAL POSITION**
## **31 OCTOBER 2023**
|2023
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
12
10,570
**CURRENT ASSETS**
Debtors
13
18,578
Cash at bank and in hand
55,016
73,594
**CREDITORS**
Amounts falling due within one year
14
(18,125)
**NET CURRENT ASSETS**
55,469
**TOTAL ASSETS LESS CURRENT LIABILITIES**
66,039
**NET ASSETS**
66,039
**FUNDS**
Unrestricted funds:
General fund
66,039
**TOTAL FUNDS**
66,039|2022
Total
funds
£
10,570
18,578
20,041|
|---|---|
||38,619
(4,330)|
||34,289|
||44,859|
||44,859|
||44,859|
||44,859|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 December 2024 and were signed on its behalf by:
Ms G L Armstrong - Trustee
The notes form part of these financial statements
Page 6
**GLENDEE RESCUE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **General Information**
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 1 Kings Avenue, London, N21 3NA.
The presentation currency of the financial statements is the Pound Sterling (£).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The Foundation is not subject to any taxes on its charitable activities. Irrecoverable VAT is charged to the SOFA against the category of resources expended for which it was incurred.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Cash and cash equivalent**
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Page 7
continued...
**GLENDEE RESCUE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Financial instruments**
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
## **Cash and cash equivalent**
Cash and cash equivalents in the statement of financial position comprise cash at banks, in hand and short term deposits.
## **2. OTHER TRADING ACTIVITIES**
|Fundraising events
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**RAISING FUNDS**
**Raising donations and legacies**
Support costs
**5.**
**CHARITABLE ACTIVITIES COSTS**
Other Expenses|2023
2022
£
£
3,481
1,842
2023
2022
£
£
9
1
2023
2022
£
£
17,170
603
Support
costs
£
168|2022
£
1,842
2022
£
1
2022
£
603|
|---|---|---|
Page 8
continued...
**GLENDEE RESCUE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023**
## **6. OTHER**
## **7.**
|Rent
Purchases
Repairs and maintenance
Travel and subsistence
Vet fees
Trainers/Dog Consultants
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Other operating leases|2023
£
15,000
3,757
255
420
2,815
61
22,308
2023
£
15,000|2022
£
18,000
7,990
949
203
4,296
870|
|---|---|---|
|||32,308|
|||2022
£
18,000|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022.
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricted|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|36,405|
|Other trading activities|1,842|
|Investment income|1|
|**Total**|38,248|
|**EXPENDITURE ON**||
|Raising funds|603|
|**Charitable activities**||
|Other Expenses|218|
|Other|32,308|
|**Total**|33,129|
|**NET INCOME**|5,119|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|39,740|
Page 9
continued...
**GLENDEE RESCUE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023**
## **9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
||Unrestricted|
|---|---|
||fund|
||£|
|**TOTAL FUNDS CARRIED FORWARD**|44,859|
## **10. INDEPENDENT EXAMINATION FEES**
The fees payable to the independent examiner for independent examination of the financial statements for 2023 was £960 (2022: £960).
## **11. LIMITED BY GUARANTEE**
The Glendee Rescue Ltd is a UK registered charity, number 1171888. It was incorporated on 20 October 2015 and has no share capital.
## **12. TANGIBLE FIXED ASSETS**
|**COST**
At 1 November 2022 and 31 October 2023
**NET BOOK VALUE**
At 31 October 2023
At 31 October 2022
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses|Freehold
property
£
10,570
10,570
10,570
2023
2022
£
£
18,578
18,578
2023
2022
£
£
1,420
3,370
16,705
960
18,125
4,330|Freehold
property
£
10,570
10,570
10,570
2023
2022
£
£
18,578
18,578
2023
2022
£
£
1,420
3,370
16,705
960
18,125
4,330|
|---|---|---|
|||10,570|
|||10,570|
|||2022
£
18,578|
|||2022
£
3,370
960|
|||4,330|
Page 10
continued...
**GLENDEE RESCUE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2023**
## **15. RELATED PARTY DISCLOSURES**
At the year-end, there is a balance of £18,578 (2022: £18,578) owing from a connected company. This is interest free and repayable on demand. During the year, rent payable to the connected company amounted to £15,000 (2022 : £18,000).
Page 11
## **GLENDEE RESCUE LTD**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
Adoption fees
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Other**
Rent
Purchases
Repairs and maintenance
Travel and subsistence
Vet fees
Trainers/Dog Consultants
**Support costs**
**Management**
Postage and stationery
Cleaning
**Governance costs**
Accountancy fees
Legal fees
Total resources expended
**Net income**|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 OCTOBER 2023**
2023
2022
£
£
48,149
24,279
593
400
8,594
11,726
57,336
36,405
3,481
1,842
9
1
60,826
38,248
15,000
18,000
3,757
7,990
255
949
420
203
2,815
4,296
61
870
22,308
32,308
68
75
100
218
168
293
16,585
300
585
228
17,170
528
39,646
33,129
21,180
5,119|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31 OCTOBER 2023**
2023
2022
£
£
48,149
24,279
593
400
8,594
11,726
57,336
36,405
3,481
1,842
9
1
60,826
38,248
15,000
18,000
3,757
7,990
255
949
420
203
2,815
4,296
61
870
22,308
32,308
68
75
100
218
168
293
16,585
300
585
228
17,170
528
39,646
33,129
21,180
5,119|
|---|---|---|
||||
|||36,405
1,842
1|
|||38,248
18,000
7,990
949
203
4,296
870|
|||32,308
75
218|
|||293
300
228|
|||528|
|||33,129|
|||5,119|
This page does not form part of the statutory financial statements
Page 12