Charity Number: 1176305 Soi Dog UK CIO Trustees Report and Financial Statements For the Year Ended 5 April 2024
Soi Dog UK CIO Contents Page Charity Information . Trustees, Report............................................................................................. Statement of Trustees, responsibilities . Independent Auditor's Report . Consolidated Statement of Financial Activities.................................................. 12 Consolidated & Charity Balance Sheets .13 Consolidated Statement of Cash Flows............................................................ 14 Notes to the Financial Statements . .15
Soi Dog UK CIO Charity Information Charity Number 1176305 Ragl$tered Offlce Lytchett House 13 Freeland Park Wareham Road Poole Dorset BH16 6FA Trustees C Wilcox G D Wrench J P Lankford K Woodsford K L Uggla J Dalley R L Ayres Chair of Trustees C Wilcox Secretary R L Ayres Treasurer K Woodsford Auditor Azets Audit Services Limited 12 King Street Leeds LSI 2HL Bankers Lloyds Bank PIC 74-78 Church Road Hove BN3 2EE
Soi Dog UK CIO Trustees. Report for the year ended 5 April 2024 The Trustees present their report alongside the financial statements of the group and charity for the year ended 5 April 2024. The Trustees have adopted the provisions of 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 IFRS 102) (effective l January 20191. Soi Dog UK CIO (the "Charity") was registered as a charity on 15 December 2017, number 1176305, succeeding Soi Dog UK, which is now a linked charity. The Trustees have taken advantage of the Charity Commission concession to link charities which have a common Trustee board allowing preparation of one set of financial statements for both charities. Reference and Administrative Information The legal and administrative information page forms part of this report. Objectives and activities The key objectives of the charity are as follows.. For the benefit of the public to relieve the suffering of dogs and cats who are abandoned, stray or otherwise in need of care and attention in particular, but not exclusively by assisting in.. al the maintenance of kennels or other facilities for the reception, care and treatment of these dogs. b) the creation or expansion of spay/neuter programs. c) funding capital works projerts where the projert is for works the sole intent of which is providing for the conducting of services for animal welfare. d) funding veterinary care of animals. e) funding animal adoption programs. These activities shall focus on Thailand but are not restricted to that area. 2. To promote humane behaviour towards animals by raising awareness within the community of animal welfare issues, providing information and advice concerning proper treatment of animals, promoting respert and compassion for animals and educating the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals. When reviewing the aims and objectives of the charity, and in planning future activities, the Trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission. Grant Making Policy The income of the Charity maybe applied, at the discretion of the Trustees, via grants for the furtherance of the Charity's objects. Grants are awarded in accordance with specific grant agreements which are approved by the Trustee board and relate to the application of funds towards specific costs or projects. Although significant funding is awarded to Soi Dog International Foundation ISDIF), registered in Switzerland, and Soi Dog Foundation, a registered charity in Thailand, the objects of this Charity do not prohibit grant making to other organisations. The Trustees review and consider all applications which are in keeping with the objects of Soi Dog UK.
Soi Dog UK CIO Trustees. Report for the year ended 5 April 2024 Grant Making Policy (continued) SDIF was established in early 2018 and is a registered charity in Switzerland (Registration number.. CHE- 393.768.679}. The purpose of the foundation is to act as the mother foundation and to provide the bulk of the funding for the activities carried out by Soi Dog Foundation Thailand and other groups that meet the foundations mission. The decision to establish the foundation was taken as it was felt that the political instability in Thailand and the fact that in fLJture years Soi Dog Foundation would be working in other countries that it would be prudent to establish overall control of the foundation's programmes outside of the country. Switzerland was chosen because of its stability and the fact that other notable charities such as World Wildlife Fund and World Vision hold their head offices there. All other associations using the Soi Dog name are fully independent entities but SDIF holds the copyright to the name and logo of the Foundation. Fundraising The majority of fundraising is done online through social media and email and is of a non-intrusive nature. As such our fundraising does not intrude on people's privacy, is not unreasonably persistent nor places any pressure on people to donate. We do not use more intrusive fundraising channels such as telephone, dirert mail or face to face solicitation. Our fundraising is digitally based utilising social media and email. We work closely with our sister organisation Soi Dog USA in our digital fundraising activities as they have strong expertise in this area, and carry out all of the Facebook fundraising on our behalf. Emails are sent to donors who subscribe to receive communications from us. Soi Dog UK CIO paid Soi Dog USA £315,450 as our share of Facebook advertising fundraising costs. We are in close contact with them and they operate to a high ethical and professional standard. Neither ourselves nor Soi Dog USA outsource our fundraising to 3rd party fundraising agencies or commercial organisations. We have not received any fundraising related complaints during the year. Donor enquiries and requests are handled in a prompt and professional manner. We take our supporters. data very seriously and we collect and process data in accordance with the General Data Protection Act and the General Data Protertion Regulations. We do not pass our supporters. details to any other charity or organisation for their marketing purposes. We take appropriate physical, electronic and managerial measures to ensure we keep supporters, information secure, accurate and up to date and we only keep it as long as is reasonable and necessary. Whenever we operate collections at events, we send personalised photo ID cards on lanyards to all collectors at any event showing the charity registration number. All buckets are sealed with cable ties before the event and not opened until the Team Leader is home/back at hotel usually with another Team Leader present where possible. Depending on availability the Team Leader is, where possible, a Trustee of SDUK. All buckets/goblets are marked clearfy with charity registration number and registered address. Collectors are told not to handle money. If people try to hand it to us directly we ask them to place it into the slot in the buckets themselves. Team Leaders, with collection buckets are always accompanied home or at least to their car by another team member. Team Leaders are issued with the latest edition of the code of fund-raising practice. The relevant settions are highlighted and the team leaders ensure the team adhere to these during events. Financial review Total income for the year under review was £2,403,601 12023 £2,381,818), of which £8,673 12023 £47,275) was restricted, and total expenditure for the year was £2,378,313 12023 - £2, 190,973), £Nil12023 - £1,444) of which was restricted. The Trustees are delighted to have been able to manage administration costs despite the increase in charitable activity so that funds applied to charitable purpose are truly maximised. The charity has no paid staff and the Trustees acknowledge the extremely valuable contribution made by the volunteers and supporters and by the Board as a whole in achieving this for the Charity.
Soi Dog UK CIO Trustees. Report for the year ended 5 April 2024 Financial review (continued) The charity engages the services of a self-employed contractor to oversee the adoptions process for dogs and cats travelling from Thailand to the UK. She has a self-employed contrart and is accountable to the board. The Trustees are overwhelmed by the progress that has been made by Soi Dog UK and are grateful to each one of their supporters, every donation makes a real difference to the work the charity can do. Rlsks and un¢ertalntle$ The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are In place to mitigate exposure to the major risks. The Trustees have management processes to mitigate risks that would inhibit them from fulfilling Soi Dog UK'S goals. The Trustees endeavour to ensure that: Risks are identified, assessed and measures are put in place to mitigate them. The risk management process is embedded In all the appropriate processes. Key risks identified are as follows.. Adopted Animals - The need for our services and ongoing support once they have entered the UK due to unforeseen health problems or new adopters losing their pets means that costs can increase over short periods of time. UK infrastructure Soi Dog UK is a small oryanisation with Board members spread over a wide geographical area. Risk factors include high turnover of Trustees due to other commitments, work life balance etc. Fundraising Continued economic uncertaintyi Brexit, the value of the £ fluctuatingi possibility of negative publicity around charity activities (bringing dogs and cats into the UK from Thailand) and the activities of UK charities can all impact upon fundraising opportunities. Events that could impact our reputation strict controls are now in place to ensure that the UK Board have IOOO/o control over events booked and the management of the events. A conflict of interest policy has been introduced which all trustees must complete and advise of any changes. The Trustees are satisfied that controls and actions are in place to mitigate the major risks identified. However, it recognises that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. Structurei governance and management The governing document gives the Trustees the power at any time to appoint new trustees. Trustees are appointed on a majority vote basis by the existing Trustees after a review of the current skills and gaps on the board. No Trustee received any remuneration during the current or previous year. The Trustees who served during the year and up to the date of signature of the financial statements were- C Wilcox G D Wrench J P Lankford K Woodsford K L Uggla J Dalley R L Ayres The existing Trustees of the predecessor charity became Trustees of the CIO on its registration on 15 December 2017.
Soi Dog UK CIO Trustees. Report for the year ended 5 April 2024 Achievements, Performance and Plans for the Future In the beginning of 2018 Soi Dog UK CIO with the approval of the UK Charity Commission changed its strurture from being an unincorporated association to that of a foundation based incorporated association. The charity now being known as Soi Dog UK CIO. ThroLJghout the year Soi Dog UK CIO has been able to offer financial support to Soi Dog Foundation (SDFI, a charity based in Thailand and through them to other initiatives carried out by other groups located in Vietnam, Cambodia and South Korea. The remainder of this report focuses on the work of SDF Thailand which is reliant on financial support by its partner organisations which includes Soi Dog UK CIO. The following summary of activities in Thailand and neighbouring countries relates to the calendar year ending 31 December 2023. The year was another record-breaking year acmss many areas. CNVR CNVR, (Capture Neuter Vaccinate Release) continues to be the Foundation's main programme in reaching its goal of no more stray animals. Only by solving the underlying problem can we achieve our aims. 196,106 animals were sterilised in various locations across Thailand. This is far more than any other organisation in the worfd is achieving. The main priories continue to be Bangkok, the island of Phuket and the Southern provinces and the Foundation receives support from UK based Dogs Trust International who pay 500/0 of the costs of the 6 mobile team operating in the capital. In addition, Soi Dog provides grants to other CNVR programmes in different locations. These programmes are regularly monitored. Ending the dog meat industry Having made the trading of dogs and cats for meat illegal in Thailand, we have continued to work to end the illegal killing and consumption of dogs in Thailand. Overall though we believe the issue in Thailand to be relatively small compared with the situation prior to 2015. SDIF has engaged a small team who is working with various organisations and bodies in Vietnam and the Philippines to end the dog meat trade. Hospital 5,066 dogs and cats were admitted to the Phuket hospital and Bangkok clinic during the year, for treatment that otherwise they would not receive. Shelter At the end of the year there were 1,208 dogs and 203 cats resident at the shelter. The object is not to keep these animals permanently but wherever possible to find a new home. Adoptions In a challenging year for adoptions post covid and in the current financial environment, 517 adoptions were carried out in the year. Adoptions are essential to keep the shelter numbers manageable. To help get dogs to a position where they can be adopted, our behaviour team worked with 504 dogs in the year. Education The education programme has significantly recovered following restrictions caused by the Covid pandemic and we reached 5, 146 students from both students visiting the sanctuary and schools visited by Soi Dog's Education team.
Soi Dog UK CIO Trustees. Report for the year ended 5 April 2024 Community outreach 14,102 treatments were administered during the year. Our teams work entirely in the community with local people who feed animals in their areas but are unable to afford veterinary treatment. The programme means that fewer animals need to be brought to the hospital. Visitors and volunteers Visitor numbers were buoyant in 2023, 4,805 visitors fmm around the world visited the sanctuary in the year. In addition, 1,267 first time volunteers came to help us by working with the dogs. Time spent with us ranged from a few days to several months. Advocacy Soi Dog Foundation continues to sit on the Thai Government committee reviewing and improving the Animal Welfare Law we helped to introduce in late 2014. Auditor In accordance with the charity's articles, a resolution proposing that Azets Audit Services Limited be reappointed as auditor of the company will be put at a General Meeting. The Trustees, report was approved by the Board of Trustees. C Wilcox President Dated 1811212024
Soi Dog UK CIO Statement of Trustees. Responsibilities For the year ended 5 April 2024 The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel- Charity law requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the year end, of its income and expenditure during the year. In preparing those financial statements the Trustees are required to: Select suitable accounting policies and then apply them consistently- Observe the methods and principles in the Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended prartice have been followed subject to any departures disclosed and explained in the financial statements. and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue In business. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the charity's constitution. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detettion of fraud and other irregularities. Statement of Disclosure to our Auditors In so far as the Tnjstees are aware.. there is no relevant audit information of which the charity's auditor is unaware. and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the aLJditor is aware of that information.
Soi Dog UK CIO Independent Auditor's Report to the Trustees of Soi Dog UK CIO Opinion We have audited the financial statements of Soi Dog UK CIO (the "parent charity") and its subsidiary {the"group"I for the year ended 5 April 2024, which comprise the Consolidated Statement of Financial Activitie5, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and the related notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, Including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the group's and parent charity's affairs as at 5 April 2024 and of its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Ba$ls for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) IISAS IUK}) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Group and Charity In accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and the provisions available to small entities, in the circumstances set out in Note 3 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained Is sufficient and appropriate to provide a basis for our opinion. Con¢luslons relatlng to golng Concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the relevant sections of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connertion with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Soi Dog UK CIO Independent Auditor's Report to the Trustees of Soi Dog UK CIO Matters on which we are required to report by exception We have nothing to report in respert of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 requires LJS to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us. the financial statements are not in agreement with the accounting records and returns; certain disclosures of Trustees, remuneration specified by law are not made,. or we have not obtained all the information and explanations necessary for the purposes of our audit. Responsibilities of the Trustees As explained more fully in the Trustees. responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for being satisfied that they give a trLJe and fair view, and for such internal contml as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the group's and parent charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or Charity or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was considered capable of identifying irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entityi Its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understandingi we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. 10
Soi Dog UK CIO Independent Auditor's Report to the Trustees of Soi Dog UK CIO Extent to which the audit was considered capable of identifying irregularities, including fraud (continued) This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; Reviewing minutes of meetings of those charged with governance,. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the group through enquiry and inspection,. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations,. Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias- and Performing audit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material mi5Statement in the financial statement5 or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgeryi Intentional Otnissions, misrepresentations, or the override of internal control. Use of Our Report This report is made solely to the Charity's members, as a body, In accordance with Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charity'5 member5 those tnatters we are required to State to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Azets Audit Services Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. Azets Audlt Servlces Llmlted 12 King Street Leeds LSI 2HL Date.. 1811212024
Soi Dog UK CIO Consolidated Statement of Financial Activities For the Year Ended 5 April 2024 Note Unrestricted Funds Restricted Funds Totsl Funds 2024 Total Funds 2023 Income from: Donations and legacies Other trading activities Investment income 2,306,245 86,216 2,467 8,673 2,314,918 86,216 2,467 2,295,115 86,246 457 Total income 2,394,928 8,673 2,403,601 2,381,818 Expenditure on: Raising funds Charitable activities 504,644 504,644 562,830 1,873,669 2,378,313 1,873,669 1,628, 143 Total expenditure 2,378,313 2,190,973 Net income and net movement In funds 16,615 8,673 25,288 190,845 Total ftjnds brought forward Total funds carried forward 914,100 914, 100 723,255 17 930,715 8,673 939,388 914,100 The Statement of Financial Activities includes all gains and losses recognised In the year. All income and expenditure derive from continuing operations. A fully detailed statement of financial activities for the year ended 5 April 2023 is shown in note 21 of the financial statements. The notes on pages 15-24 compromise part of these financial statements. 12
Soi Dog UK CIO Consolidated & Charity Balance Sheets as at 5 April 2024 Group Charlty 2024 2023 2024 2023 Note Fixed assets Investments 12 Current assets Stocks Debtors Cash at bank and in hand 13 14 32,122 667,172 370 072 1,069,366 35,840 749,088 270 942 1,055,870 704,221 803,025 359 624 249 169 1,063,846 1,052,194 Creditors: amounts falling due within one ear 15 129 978 141 770 124 458 138 095 Net assets 939 388 914 100 939 388 914 100 Income funds: Unrestricted funds Restrirted funds Total Fund5 930,715 914, 100 930,715 914,100 16 17 939 388 914 100 939 388 914 100 They were approved by the Soard of Trustees on 1811212024 and signed on its behalf by.. C Wilcox Chair of Trustees 13
Soi Dog UK CIO Consolidated Statement of Cash Flows For the Year Ended 5 April 2024 Note 2024 2023 Cash flows from operating activities Cash generated/lused} by operations 20 96,663 (66,275) Cash flows from Investlng actlvltles: Investment income received 2,467 457 Net increase/(decrease) in cash and cash uivalents Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year 270 942 336 760 Cash and cash uivalents at the end of the ear 370 072 270 942 14
Soi Dog UK CIO Notes to the Financial Statements For The Year Ended 5 April 2024 l. Accounting Policies Charity Information Soi Dog UK CIO is a charity established by Constitution and registered with the Charity Commission on 15 December 2017 under the CIO number 1176305, succeeding Soi Dog UK, which is now linked charity. The CIO'S principal address is Lytchett House, 13 Freeland Park, Wareham Road, Poole, Dorset, 6H 16 6FA. The Trustees have taken advantage of the Charity Commission concession to link charities which have a common Trustee board allowing preparation of one set of financial statements for both charities. A¢¢ountlng conventlon The financial statements have been prepared in accordance with the charity's Constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective I lanuary 2019) The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to include rtain financial instruments at fair value. The principal accounting policies adopted are set out below. On the grounds that the charity's results are consolidated into the charity's group financial statements the charity has taken advantage of certain exemptions conferred by sertion 1.11 of FRS102 as follows: Exemption from presenting a charity statement of cash flows as a primary statement to the financial statements. Group financial statements The financial statements consolidate the results of the charity and its wholly owned subsidiary Soi Dog Marketing Ltd on a line-by-line basis. The summarised profit and loss account for the subsidiary is shown in note 12. The gross income of the charity was £2,332,026 12023 £2,326,732) and the net income was £25,288 12023 £187,814). Going Concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the group and charity have adequate resources to continue in operational existence for the foreseeable future and not less than one year from the date of approval. The Trustees are constantly monitoring the financial position of the group and charity. Therefore, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objertives. 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 a particular purpose. 15
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliablyi and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount can be measured reliably, and receipt is probable. If the amount is not known, the legacy is treated as a contingent asset. Income from trading activities relates to sales made as part of an online store run selling merchandise relating to the Soi Dog charity operated through the Trading subsidiary. Expenditure Expenditure is included in the period to which it relates, and includes irrecoverable value added tax. Expenditure is allocated to charitable attivities where it is a direct cost associated with the grants and the granting on charitable donations. Expenditure is allocated to raising funds where it is a direct cost associated with fundraising activity. Support costs mainly comprise costs which are governance in nature. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs represent the bought in value of merchandise stock. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Cash at bank and in hand Cash and cash equivalents Include cash In hand, deposits held at call with banks, other short-term liquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid. Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the income and expenditure account. 16
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 Creditors and provision$ Creditors, loans 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, loans and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial liabilities are only derecognised when, and only when, the Charity's obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Foreign exchange Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/{expenditurel for the period. Taxation Soi Dog UK CIO is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the charity is potentially entitled to tax exemption under part i i of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. Given this, no tax charge arises on the charity. The trading subsidiary is liable to corporation tax on its chargeable profits. Current tax, including UK Corporation and foreign tax, is provided at amounts expected to be paid lor recovered) using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date. As all profits arising in the subsidiary are gift aided to the parent charity within 9 months of the year end under a deed of covenant, no corporation tax arises. Leases Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. Critical accounting estimates and judgements In the application of the group's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below. 17
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 Key sources of e$tlmatlon uncertalnty Legacies Legacies are recognised as income when receipt is probable, the charity has established its entitlement to the funds and where sufficient information is available to allow it to measure its entitlement with sufficient accuracy. Long term grant commltments Charitable grants are payable when deemed committed by the charity. Subsequently there could arise large grant liabilities for amounts committed and not yet paid as at the year end. 3. Provlslons avallable for small entltles In common with many other charities of our size and nature, we use our auditor to assist with the detailed preparation of the financial statements. 18
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 4. Donatlons and lega¢le$ Unrestricted Restricted funds funds Unrestrirted Restricted funds funds Total Total 2024 2024 2024 2023 2023 2023 Donations and gifts Legacies receivable Animal s onsorshi 2,179,327 126,918 8,673 2,188,000 126,918 2,021,327 77,061 149 452 8,673 2,314,918 2,247,840 47,275 2,068,602 77,061 149 452 47,275 2,295,115 2 306,245 5. Other trading activities Unrestricted funds 2024 Unrestricted funds 2023 Shop income Other Other tradin 86,216 83,215 3,031 86,246 activities income 86,216 6. Raising funds Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 in Direct Costs PayPal and bank charges Advertising and marketing Fundraising costs other losses Forei n exchan 60,294 60,294 57,914 1,444 59,358 315,450 39,880 9,106 315,450 39,880 9,106 444,025 3,020 444,025 3,020 ains 424,730 424,730 501,742 1,444 503,186 Su ort costs note 9 Fundraising and 433,069 433,069 509,331 1,444 510,775 Tradin costs Merchandise costs Total expenditure on raisin funds 71,575 504,644 504,644 561,386 1,444 562,830 19
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 7. Charltable actlvltles 2024 2023 Direct Costs Adoption costs Grant fundin of activities 13,660 1 850 000 1,863,660 12,045 1 602 850 1,614,895 note 8 Share of support costs (note 91 Total expenditure on charitable activities 1 873 669 1 628 143 During the current and previous year all charitable activity costs related to unrestricted funds. 8. Grants payable 2024 2023 Grants to institutions.. Soi Dog International FoLJndation Grants to other institutions Programme funding 1,850,000 1,600,000 1 850 000 1 602 850 To comply with Charities SORP (FRS 102) non-performance grants are reported in the Statement of Financial Activities on approval of application. In some cases payment may be spread over a period of time which gives rise to future commitments. At 5 April 2024 and 5 April 2023 there were no committed funds. Accordingly, no provision has been made. 9. Support costs 2024 2023 Audit fees Accountancy and administrative support provided by the auditor Postage Insurance 8,250 8,339 726 1,033 7,700 11,670 417 1,050 Analysed between: Fundraising Charitable activities 8,339 10,009 18,348 7,589 13,248 20,837 10. Trustees None of the Trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year (2023 no Trustees). The Trustees are considered to be key management personnel of the charity. 11. Employee5 There were no employees during this or the previous year. 20
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 12. Investment$ Investment in subsidiary The charity owns IOOO/o of the share capital of Soi Dog Marketing Ltd at a cost of £1. The summary financial performance of the subsidiary alone Is: 2024 2023 Income 86,428 171,575) 14,853 {14,853) 83,215 152,0551 31,160 131,1601 Expenditure Profit Amount gift aided to the charity Retained in subsidiary The assets and liabilities of the subsidiary were.. 2024 2023 Current assets 43,565 (43,5641 57,613 157,612) Current liabilities Total net assets Aggregate share capital and reserves 13. Stocks Group 2024 Group 2023 Charity 2024 Charity 2023 Finished oods and oods for resale 14. Debtor5 Group 2024 Group 2023 Charity 2024 Charity 2023 Gift Aid debtor Prepayments and accrued income Amounts due from group undertakings other debtor 665,970 1,202 662,779 77,203 665,970 207 38,044 662,779 77,203 53,937 667,172 749,088 704 221 803 025 21
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 15. Credltors Group 2024 Group 2023 Charity 2024 Charity 2023 VAT Other creditors Accruals 50 111,108 18,820 129,978 235 124,000 17,535 141,770 111,108 124,000 124 458 138 095 16. Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Income Expenditure Balance at 6 April 2023 Transfers Balance at 5 April 2024 CFiNV programme Other restricted 2,500 6,173 8,673 2,500 6,173 8,673 Movement in funds Expendlture Prl Balance at 6 April 2022 Income Transfers Balance at 5 April 2023 Adoptions Care for Cats Care for Dogs Hospital Other restrirted 45,897 138,406 14,270 4,782 iii 203,466 (45,8971 11,419) (183,4871 (5) {14,4701 (20) (5,3321 Iiiii (1,444} {249,297) 46,500 205 570 47,275 Adoptions relates to donations made specifically to support the adoption of animals from the shelters of the Soi Dog Foundation in Thailand to their new homes both worldwide and within Thailand. Caring for Dogs and Caring for Cats (Care for Animals) relates to donations made specifically for the treatment and care of those animals residing in the shelters of Soi Dog Foundation in Thailand. Until 5 April 20 18 this included all sponsorship income, however from this date all sponsorship income has been designated for the care of all animals protected by Soi Dog Foundation and as such, is now classified as unrestricted. Hospital relates to donations made specifically to support the provision of medical care to animals at the Phuket hospital and Bangkok clinic both of which are run by the Soi Dog Foundation. CNRV (Catch, Neuter, Vaccinate, Return) programme, which humanely controls the population of stray animals. Spaying/neutering and safely releasing strays makes the biggest impact and results in the steady decline in the number of dogs and cats suffering on the streets. other restricted funds relates to setup of a mobile medical unit run by the Soi Dog Foundation. In 2024, it also includes donations to cover volunteer costs for the two new off-lead areas at the sanctuary in Thailand. 22
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 17. Analy$ls of group net assets between funds Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Current assets 930,715 8,673 939,388 914,100 914,100 930 715 8 673 939 388 914 100 914 100 18. Operating lease commitments At 5 April 2024 the Charity had total commitments under non-cancellable operating leases as follows.. Group 2024 Group 2023 Charity 2024 Charity 2023 Payments due: Within one year Between two to five 5,016 ears 5,016 19. Related party transactions Soi Dog UK CIO is one of a number of charities across the world which operates under the Soi Dog Foundation, a Charity registered in Thailand under Charity registration number 3912548 with comparable charitable objects to this Charity. During the year Soi Dog UK paid grants of £1,850,000 (2023 £1,600,000) to Foundation Internationale Soi Dog (Switzerland). Details about the application of these grants are included within note 7. During the year advertising expenses of £315,450 {2023 - £440,808) were recharged from Soi Dog USA. At the year end, Soi Dog USA was owed £1 11,108 (2023 - £124,000). During the year expenses of £nil (2023 - £nill were incurred by charity Trustees and subsequently reimbursed. At the year end, Soi Dog UK CIO was owed £38,044 12023 £53,937) from its subsidiary companyi Soi Dog Marketing Ltd. Included in the 2023 balance is £9, 106 which was owed by Soi Dog Thailand and was written off during the 2024 year. 23
Soi Dog UK CIO Notes to the Financial Statements (continued) For The Year Ended 5 April 2024 20. Cash generated from operations 2024 2023 Surplus for the year 25,288 190,845 Adjustments for: Investment income recognised in statement of financial activities 12,467) {4571 Movements in working capital: Decrease in stocks Decrease / Ilncreasel in debtors (Decrease) / Increase in creditors 3,718 81,916 111,792) 4,944 1310,689) 49,082 Cash absorbed enerated b o erations The group had no debt during the current or previous year. 24
Soi Dog UK CIO 21. Comparative Statement of Financial Activities As re-ststed Total Funds 2022 Note Unrestricted Funds Restricted Funds Totsl Funds 2023 Income from: Donations and legacies Other trading activities Investment income 2,247,840 86,246 457 47,275 2,295,115 86,246 457 2,195,254 124,685 27 Total income 2,334,543 47,275 2,381,818 2,319,966 Expenditure on: Raising funds Charitable activities 561,386 1,628,143 1,444 562,830 1,628,143 518,385 1,529,649 Total expenditure 2,189,529 1,444 2,190,973 2,048,034 Net incorne before transfers 145,014 45,831 190,845 271,932 Gross transfers between funds Net movement in funds 16 249,297 1249,297) 394,311 1203,466) 190,845 271,932 Total funds brought forward Total funds carried forward 519,789 203,466 723,255 451,323 17 914,100 914,100 723,255 22. Post balance sheet event Following the year end, a lease was signed for a new charity shop. 25