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2023-12-31-accounts

Charity registered number: 1179928

CANDY'S HOUND RESCUE INTERNATIONAL (Formerly known as Candy Cane Rescue) Charitable Incorporated Organisation

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

CANDY'S HOUND RESCUE INTERNATIONAL

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 15
Independent examiner's report 16
Statement of financial activities 17
Balance sheet 18
Notes to the financial statements 19 - 28

CANDY'S HOUND RESCUE INTERNATIONAL

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees David Gibson
Maura Berrini, Chair
Karen Hassan
Susan Cotton
Charity registered
number
1179928
Principal office
910 The Crescent
Colchester Business Park
Colchester
Essex
CO4 9YQ
Independent examiner
MHA
Chartered Accountants
910 The Crescent
Colchester Business Park
Colchester
Essex
CO4 9YQ
Bankers
Lloyds Bank plc.
25 Gresham Street
London
EC2V 7HN

Page 1

Contents

  1. Structure, Governance and Management

  2. a. Charity Constitution

  3. b. Organisational Structure

  4. c. Charity Advisors

  5. d. Trustees

  6. Objectives and Activities

  7. a. The Aims of Candy Cane

  8. b. The Process – Journey From Rescue to Forever Home

  9. c. Strategies to Achieve Aims of Charity

  10. d. Benchmark Criteria to Measure Success

  11. e. Volunteers

  12. f. Grant Funding

  13. Achievements, Performance, Risks

  14. a. Achievements

  15. b. Performance

  16. c. Risks

  17. Financial Review

  18. Fundraising

  19. Plans for Future Periods

  20. Public Benefit

Financial Statements for Year Ended 31 December 2023

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 2

1. Structure, Governance and Management

Candy’s Hound Rescue International (CHRI), formerly Candy Cane Rescue, was founded in 2017 by Kerry Lawrence and registered as a Charitable Incorporated Organisation (CIO) on 14 September 2018, registration number 1179928, with a registered address of 910 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ.

The objectives of the CIO, as per its’ constitution, are to promote humane behaviour towards and rescue dogs (primarily Greyhounds) from the meat trade in China by providing appropriate care, protection, treatment and security for dogs which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage, in particular, by providing rescue homes or other facilities for the reception, care and treatment of such dogs.

Expansion of the charity has demanded a few rescues (less than 5% of total) from other regions including the Vietnamese and South Korean meat markets, galgos from Spain and some hounds from Cyprus, Romania and Russia.

Once Candy’s Hound Rescue have committed to rescuing a dog they travel to the nearest vet for treatment, health checks and vaccinations. Once healthy enough they then go into boarding with one of our boarding partners in China with the aim of getting them to Beijing as soon as possible. Once vaccinated the quarantine starts which is 3 months for the UK and 30 days for the US.

We work with rescue partners in the US and the UK which take the dogs on arrival and rehome them once assessed and ready.

b) Organisational Structure

----- Start of picture text -----
Head Trustee Trustee
Maura Berrini Susan Cotton
Founder
Kerry Lawrence
Trustee Trustee
David Gibson Karen Hassan
China UK USA
Doe Doe (Yun Xiao) Volunteers Volunteers
Vets Home Checker Fundraisers Flight Transport
Co-Ordinator Gwenda Watt Volunteers Go Fetch
Jayne Brack Sharon Podmore Kerry Lawrence
Angela Kilner Steve Hill
Emma Tilsley
Boarders Home Checkers
Various
Nationwide
----- End of picture text -----

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 3

1. Structure, Governance and Management (continued)

To help deliver the objectives of the charity we work with the following rescue partner organisations:

United Kingdom

East Midlands Dog Rescue Contact: Sandy McClusky & Lynne Simpson Pingle Farm Seine Lane Enderby Leicestershire, LE19 4PD Ravens Rescue Contact: Sarah Price 47 Birds Meadow Pensnett Brierley Hill, DY5 4TD Homes for Hounds 24 Butts Hill Crescent Bugbrooke Northants, NN7 3QP Green Acres Animal Rescue Contact: Mikey Lawlor Ebbs Acres Farm Talbenny Haverfordwest SA62 3XA

United States of America

Motor City Greyhound Rescue Contact: Jennifer Valdez & Amy Klettner PO Box 14721 Covers Canada Detroit Michigan, 48214 Greyhound Friends of New Jersey Contact: Maria Lutz & Linda Lyman PO Box 4416 Cherry Hill New Jersey, 08034-0669 National Borzoi Rescue Foundation Contact: Ann Marie Wiseman & Barbara Lord PO Box 231 Dix Illinois, 62830 Michigan Greyhound Connection Contact: Susan Bilsky & Ken Mitchell PO Box 725384 Berkley Michigan, 48072-5384

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 4

1. Structure, Governance and Management (continued)

b) Organisational Structure (continued)

United States of America (Continued)

Texas Italian Greyhound Rescue Contact: Robin Toula Hollywood Feed 1415 E. Renner Road Richardson Texas, 75082 Minnesota Greyhound Rescue Contact: Jen Komatsu & Lloyd Komatsu 9159 Dalton Court Inver Grove Heights Minnesota, 55076 Fast Friends Greyhound Adoption Contact: Sharron Thomas & Amy Roy 14 West Swanzey Road Swanzey New Hampshire, 03446 Canada Greyhounds Pets NL (GPNL) Contact: Kim Powell Bowring Park 305 Waterford Bridge Road St John’s Newfoundland and Labrador Newfoundland Spain Galgos Del Sol Contact: Tina Solera Sierra Del Molar, No 2 San Javier Murcia, 30730 China Plush Bears Shelter Contact: Lian Xiaodan Miaoyin Miaoshan Nursing Garden Golden Tiger Village Erlong Township Taonan City Baicheng City Jilin Provence

c) Charity Advisors

Candy’s Hound Rescue advisors are as follows:

Accountant MHA 910 The Crescent Colchester Business Park Colchester Essex CO4 9YQ

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 5

1. Structure, Governance and Management (continued)

d) Trustees

Appointment of Trustees

The procedure to appoint Trustees is as follows:

Decision Making

All decisions made by the trustees must be made either in person or electronically by email; the trustees are responsible for all decisions within the charity although have delegated the following roles to volunteers:

All trustees decisions are undertaken on a majority vote basis; if there are an even number of trustees the Chair Trustee will have the deciding vote. All decision making is to be documented in writing.

Where a trustee is unable to fulfil their tasks, refuses to or repeatedly does not respond to the other trustees in a timely manner within a period of three months, without reasonable excuse, then the other trustees may raise the matter with the trustee in question and seek a resolution which may require that his or her office be vacated.

Arrangements for Setting Pay and Remuneration of Key Management

When setting the remuneration of the key staff the trustees benchmark against data provided in the Harris Hill Annual Salary Report. An annual review of all salaries is undertaken to ensure that the remuneration provided is fair and reflects the responsibility and role involved.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 6

2. Objectives and Activities

The aim of the charity was originally to rescue as many dogs as possible from the Chinese meat market, initially in batches of 10, and being the only greyhound rescue in China there is significant supply. The charity, and its network of Partners, has grown exponentially, at a rate faster than anticipated, with rescues expanding beyond China to other Asian countries plus some European countries, although the Chinese operations continue to account for 95% of its operations.

Greyhounds are exported from Britain, Ireland and Australia by breeders and owners to race in China and are kept in the most awful conditions with no animal welfare laws. When they have outlived their usefulness many end up in the meat trade to be beaten, hung, boiled or skinned alive.

When the charity’s namesake ‘Candy’ was killed by another dog in a rescue centre, just the day before she was due to fly to the UK to be rehomed, founder Kerry Lawrence decided she needed to have more control over their recovery and care and established Candy Cane Rescue, now called Candy’s Hound Rescue International (CHRI).

In addition to the rescue, the charity is committed to providing the best veterinary care to help improve survival rates and also provide a support network for the dogs both whilst in the charity’s care and also once they have been rehomed in places which can provide commitment and nurturing as required. The charity takes pride in ensuring that all dogs will realise a life that they had only been able to dream of before and educating fosters, adopters and the wider public on how to understand and care for the hounds.

These dogs are often traumatised and have suffered unimaginable abuse. They have never been shown love, are not toilet trained, have never walked on a lead, have never gone up stairs and do not understand day to day noises such as televisions and hoovers.

Hounds are also unique from other dogs; they have very little body fat, just one layer, and this makes it difficult for them to regulate their body temperatures. They feel the cold and also overheat when the weather gets warmer. Coats need to be worn when it is cold or wet cooling coats in the summer.

Hounds love their comfort; sadly the rescue hounds have come from situations where they have never had a bed and will quite often have poor coats due to how they have been living.

To mitigate stress for the dogs as much as possible Candy’s Hound Rescue aim to improve the speed of re-homing, subject to quarantine rule restrictions; due to the reduced time to quarantine dogs for transfer to the US where possible most dogs will be rehomed in the US rather than the UK.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 7

2. Objectives and Activities (continued)

Rescue

The charity rescues dogs from meat markets, breeders, trucks, shelters, underground racetracks, ex police working dogs, strays or any other situations that a dog needs help from and although CHRI accommodates all dog breeds sighthounds are always rescued first.

Many of the dogs are sourced through local activists in China that request for help rescuing the dogs and are purchased at the slaughter houses and meat markets, with the price set according to weight; for smaller dogs (e.g. whippets) it’s around £50 and a full size greyhound is £100.

Transfer to Safe Holding Shelter / Vets

As soon as dogs are put under CHRI they are sent to a safe holding shelter or to vets for care, depending where the dog is, and bloods are taken.

Health Check Ups

The dog travels to a vet as soon as possible where they will undergo a routine health check-up, vaccinations, spay/neuter, dental and any other treatment they need. Some of the hounds have injuries, skin problems, broken bones. Whatever their health problems CHRI will ensure that they are treated for their needs.

Routine health check-up includes Blood test Canine parvovirus Ag test Canine distemper Ag test Canine coronavirus Ag test Stool test (check for internal parasites) CDV/CPV/CCV antibodies test Physical examination

Vaccinations include Nobiva kennel cough vaccine x 1 Vanguard plus 5/CV-L x 2 Rabies vaccine Deworming Spay/castration and dental care includes Pre operation examination Spay surgery for females Castration surgery for males Dental prophylaxis

All of this takes a minimum of 21 days boarding at the vets, sometimes longer if they have more serious health problems or injuries.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 8

2. Objectives and Activities

b) The Process - Journey From Rescue to Forever Home (continued)

Transfer to Boarding in China

Once dogs have completed treatment and been given a clean bill of health, they then go into boarding and continue their quarantine:

Dogs travelling to UK 3 months quarantine Dogs travelling to US 30 days quarantine

Once discharged from the vets care the dogs are matched with rescues that are best placed to continue their care and where to be repatriated, either UK, Europe or US. Whilst in China the dogs are trained to walk on a lead and are assessed as much as possible with people, children, other animals (such as cats), and around food and toys.

Transfer Abroad

Sadly, not all the dogs that are rescued make it to their forever homes due to illness or injuries that cannot be treated. This is one of the hardest parts of our rescue. However, we take comfort from knowing they have passed away finally experiencing love and kindness, something most of them have never experienced in their lifetime.

At the start of 2023 we had identified a significant number of points to address to improve both the operational efficiency and income generation of the charity:

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 9

2. Objectives and Activities (continued)

The main criteria, in pre-pandemic years, used to assess the success of the charity’s activities were the number of dogs rescued, brought back to full health and rehomed. Now lockdown restrictions have finally been lifted in China we can now start to measure success against this criteria. Throughout most of 2023 however the focus was on caring for those dogs under the care of the charity.

CHRI, like any charity, prospers from its network of volunteers, both in the UK, China and through its partner rescues in the US and Europe.

Roles of volunteers in CHRI can vary from walking the dogs, carrying out fundraising activities, administration roles, updating social media, fostering, doing homechecks to verify suitability of a potential home for a dog and helping set out policies and guidelines. The time involved for each individual volunteer can differ depending on their role and location.

Flight Volunteer

The role of the flight volunteer is to escort the rescue dogs safely from the location they are in, to new destination. i.e. Beijing to UK and responsibilities and duties include the following:

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 10

2. Objectives and Activities (continued)

Dog Walking

In addition to providing exercise the role of the dog walker is to provide the dogs with an opportunity to socialise safely in an environment that is strange to them (new Country, house) and to allow the volunteers to assess the behaviour of the dogs, both when on their own and with other dogs, with the aim to assess their needs and ensure that their adoption profiles are accurate to enable them to be matched with the right family.

In agreeing to help walk Candy’s Hound Rescue dogs whether as a volunteer dog walker or a foster family the following points are essential:

Home Checker Co-Ordinator

The home checker co-ordinator must liaise with all home checkers nationwide and ensure a prompt and effective service and thereby reduce the time the dogs are waiting for their forever homes. The role of the home checker co-ordinator includes the following:

To carry out the home check role the following needs to take place:

Once a home check appointment has been made the home checker is to visit the property, check for any potential concerns, complete the home checker questionnaire and return the completed document to the home checker co-ordinator. No recommendations to the potential adopting or foster family should be made during the property visit.

Subject to a successful home check the home checker will arrange a follow up visit 6-8 weeks after homing to check on the welfare of the dog and report back to the rescue on the findings including any concerns, if any.

This voluntary role is vital to ensure that we give our dogs and their new owners the best chance of success.

No grant applications were made in 2023 but we will keep abreast of grant opportunities that may arise in the future.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 11

3. Achievements, Performance, Risks

a) Achievements

The period to 31 December 2023 was extremely challenging for the charity due to lockdown restrictions in China only recently being lifted and having to care for and treat the dogs which have not been able to be rehomed during the pandemic.

This is in addition to difficulties in fundraising due to other external factors such as the cost of living crisis.

Number of Dogs Cared For

384 dogs were under of the care of the charity in China in January 2023 and due to logistical challenges and restrictions only 20 dogs were able to be repatriated to new homes in the UK and US.

Organisational and Operational Developments

Progress and achievements were made during the year to improve both the organisational and operational performance of the charity and included, but were not limited to, the following:

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 12

3. Achievements, Performance, Risks (continued)

b) Performance

A record number of dogs were cared for by the charity in 2023 with 20 dogs being successfully rehomed.

c) Principal Risks

During the accounting period we have identified a number of risks to CHRI which need to be addressed in the next period. The risks identified are as follows:

Operational Costs in China

Clearly Covid-19 has had a significant on the charity’s ability to rescue, care for and repatriate dogs; a consequence of this is that more dogs than ever have remained in care in China forcing up operational costs at a time when fundraising was extremely difficult

Succession Planning

Succession planning is a risk to the charity, notably the reliance on a small number of individuals within China. Without the ability to travel to China and develop these relationships further the risk will remain and how quickly this can be addressed will largely be determined by the continued pandemic. Direct links also need to be created between the UK operation and the veterinary practices in China to improve auditable channels for all correspondence such as invoicing. This can only be addressed once China opens up the borders with overseas travellers.

Illnesses and Diseases of Dogs

Many of the dogs rescued are in very poor health and they have never been vaccinated. Although CHRI keeps them at trusted vets until they are well, strong and fully vaccinated for travel, there is always a risk of underlying conditions which have not been picked up until they reach the UK or US, largely due to the fact the veterinary care in China is less equipped than in the West.

Discrediting by Pro-Racing Communities

Over the years Kerry Lawrence has been discredited for her tireless work in raising awareness of the plight of ex-racing dogs being sent to China from the UK. This campaigning, which is not carried out through CHRI, has led to false accusations of theft and being a liar, and although all incidents are reported to the police, continued social media posts spreading false information could be harmful to the charity and influence decisions of donors and adopters, by association.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 13

4. Financial Review & Reserves Policy

The total income generated during 2023 was as follows:

Unrestricted Funds £363,008
Restricted Funds £0
Total Funds £363,008

Total expenditure for the year was £349,300 creating an operational profit of £16,708 for the year.

CHRI does not hold any investments or real estate assets. There are currently no reserves in place but as a charity our policy for reserves going forward is to ensure that we have two month’s worth of cash in the bank to cover immediate operational costs such as salaries, tax liabilities and consultant costs.

The total funds held as at 31 December 2023:

Unrestricted Funds (£40,794)
Restricted Funds £0
Total Funds (£40,794)

Whilst income has dropped 7% compared to 2022 we have managed to reduce the debt within the charity. There still remains a deficit but measures implemented in 2022 and continued during 2023 have reduced this by 27% compared to the previous period and we expect this deficit to decrease year on year.

The Financial Statement for period ending 31 December 2023 can be viewed at the end of this report.

5. Fundraising

All fundraising to date has been carried out by volunteers or members of the charity including birthday fundraisers through Facebook, other Facebook donation posts specific to stories and dog rescues, volunteers carrying out sponsored events and also raising money through raffles, auctions, Grey Unite events and the sale of CHRI merchandise.

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 14

6. Plans for Future Periods

The charity’s prime concern in 2023 was the continued welfare of the dogs currently in boarding in China and to repatriate them as soon as possible once conditions allow, and to wipe out the current financial deficit such as historic vet bills in China. To help achieve continued success in the future we have identified a number of matters to address in 2024:

7. Public Benefit

The trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The public benefit of the charity's activities are outlined under 'Objectives and Activities' above. All activities have been undertaken to further the charity's purpose as per its Constitution.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Maura Berrini Chair

Date: 31.10.2024

rescue@candyshoundrescue.org | Candy’s Hound Rescue International is a registered charity | Number 1179928

Page 15

CANDY'S HOUND RESCUE INTERNATIONAL

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Independent examiner's report to the Trustees of Candy's Hound Rescue International ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Dated: 31 October 2024

Cara Miller ACCA

910 The Crescent, Colchester Business Park, Colchester, Essex, CO4 9YQ

Page 16

CANDY'S HOUND RESCUE INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Donations
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
363,008
363,008
347,622
347,622
15,386
11,723
27,109
(67,903)
27,109
(40,794)		 Restricted
funds
2023
£
-
-
304
304
(304)
(11,723)
(12,027)
12,027
(12,027)
-		 Total
funds
2023
£
363,008
363,008
347,926
347,926
15,082
-
15,082
(55,876)
15,082
(40,794)		 Total
funds
2022
£
390,122
390,122
369,926
369,926
20,196
-
20,196
(76,072)
20,196
(55,876)

The Statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 19 to 28 form part of these financial statements.

Page 17

CANDY'S HOUND RESCUE INTERNATIONAL

BALANCE SHEET AS AT 31 DECEMBER 2023

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
Net current liabilities
Total net liabilities
Charity funds
Restricted funds
11
Unrestricted funds
11
Total funds		 2,854
12,387
15,241
(56,337)		 2023
£
302
302
(41,096)
(40,794)
-
(40,794)
(40,794)		 3,434
16,730
20,164
(76,646)		 2022
£
606
606
(56,482)
(55,876)
12,027
(67,903)
(55,876)

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Maura Berrini Chair

Date: 31 October 2024

The notes on pages 19 to 28 form part of these financial statements.

Page 18

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General information

Candy's Hound Rescue International is a Charitable Incorporated Organisation ("CIO") and is registered with the Charity Commission (Charity Registered Number 1179928) and Registrar of Companies (Company Registered Number CE015123) in England and Wales. The address of the registered office is given in the Charity information on page 1 of these financial statements. The nature of the Charity's operations and principal activities are detailed in the Trustees Report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Candy's Hound Rescue International meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The Trustees acknowledge there is a deficit on general funds and have been working with their creditors to ensure that the Charity is able to continue its activities while meeting its liabilities in an orderly manner. The Trustees are pleased to report a surplus of income over expenditure in the year and forecast a similar surplus for future years which will eliminate this deficit. As a result of these matters, the Trustees consider the financial statements should be prepared on a going concern basis.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For donations to be recognised the Charity will have been notified of the amounts and the settlement date in writing.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 19

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 20

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.9 Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors - trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 9.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Liabilities – accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 10.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.12 Critical accounting estimates

In the application of the Charity's accounting policies, which are described above, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts 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 Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed above.

Page 21

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Income from donations

Unrestricted Total Total
funds funds funds
2023 2023 2022
£ £ £
Donations 363,008 363,008 390,122

4. Analysis of expenditure by activities

Charitable activities
Total 2022		 Activities
undertaken
directly
2023
£
330,043
340,759		 Support
costs
2023
£
17,883
29,167		 Total
funds
2023
£
347,926
369,926		 Total
funds
2022
£
369,926

Analysis of direct costs

Staff costs
Fundraising costs
Cleaning
Repairs and maintenance
Vet fees
Dog expenses
Dog transport
Travel		 Charitable
activities
2023
£
49,275
2,226
67
5,000
186,489
77,111
8,820
1,055
330,043		 Total
funds
2023
£
49,275
2,226
67
5,000
186,489
77,111
8,820
1,055
330,043		 Total
funds
2022
£
47,108
3,301
91
264
234,408
32,587
10,637
12,363
340,759

Page 22

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Analysis of expenditure by activities (continued)

Analysis of support costs

Depreciation
Advertising and marketing
Bank fees
Insurance
Printing, stationery and postage
IT Software and consumables
Telephone and Internet
Governance costs
Foreign exchange movements
Sundry		 Charitable
activities
2023
£
304
1,327
3,553
185
580
1,361
1,326
11,402
(4,209)
2,054
17,883		 Total
funds
2023
£
304
1,327
3,553
185
580
1,361
1,326
11,402
(4,209)
2,054
17,883		 Total
funds
2022
£
304
-
4,444
463
1,399
513
1,067
16,960
3,079
938
29,167

Included within Governance costs is independent examiners remuneration of £4,500 (2022: £4,200) as detailed in Note 5, and other accountancy fees of £6,902 (2022: £10,560).

5. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 4,500 4,200
Bookkeeping fees 6,902 9,840
Software training services - 720

Page 23

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Staff costs

2023
£
Wages and salaries
47,324
Contribution to defined contribution pension schemes
1,951
49,275
The average number of persons employed by the Charity during the year was as follows:
2023
No.
Employees
2		 2022
£
45,157
1,951
47,108
2022
No.
2

No employee received remuneration amounting to more than £60,000 in either year.

Page 24

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL) .

8. Tangible fixed assets

Cost or valuation
At 1 January 2023
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
9.
Debtors
Due within one year
Taxation and other social security		 2023
£
2,854
2,854		 Fixtures and
fittings
£
1,518
1,518
912
304
1,216
302
606
2022
£
3,434
3,434

Page 25

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. Creditors: Amounts falling due within one year

Other loans
Trade creditors
Accruals		 2023
£
9,400
4,800
42,137
56,337		 2022
£
11,000
-
65,646
76,646

Page 26

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

11. Statement of funds

Statement of funds - current year

Unrestricted funds
General funds
Restricted funds
Dog shelter
Total of funds		 Balance at 1
January
2023
£
(67,903)
12,027
(55,876)		 Income
£
363,008
-
363,008		 Expenditure
£
(347,622)
(304)
(347,926)		 Transfers
in/out
£
11,723
(11,723)
-		 Balance at
31
December
2023
£
(40,794)
-
(40,794)

The Dog Shelter restricted fund represents donations received to fund the purchase, refurbishment and running of a dog shelter in China.

During the year, it became apparent that the dog shelter in China was no longer viable, and the Trustees obtained permission from the Charities Commission to utilise the funds raised for similar dog related purposes, on expenditure such as boarding, vets bills etc.

Statement of funds - prior period

Unrestricted funds
General funds
Restricted funds
Dog shelter
Total of funds		 Balance at
1 January
2022
£
(88,403)
12,331
(76,072)		 Income
£
390,122
-
390,122		 Expenditure
£
(369,622)
(304)
(369,926)		 Balance at
31
December
2022
£
(67,903)
12,027
(55,876)

Page 27

CANDY'S HOUND RESCUE INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
302
Current assets
15,241
Creditors due within one year
(56,337)
Total
(40,794)		 Total
funds
2023
£
302
15,241
(56,337)
(40,794)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2022
£
-
8,743
(76,646)
(67,903)		 Restricted
funds
2022
£
606
11,421
-
12,027		 Total
funds
2022
£
606
20,164
(76,646)
(55,876)

13. Related party transactions

During the year, one of the Trustees, Maura Berrini, provided a short-term loan of £10,000 to the Charity. The loan is interest-free and repayable within one year. At the 2023 year-end £8,000 (2022: £1,000) has been recognised as an outstanding liability. The loan is unsecured, interest-free and repayable within one year.

Another short-term loan of £3,000 was also made to the Charity in the year by a close family member of a trustee. The balance of the loan at the year-end was £1,400 (2022: £nil). The loan was also unsecured, interest-free and repayable within one year.

During the year, unrestricted donations totalling £nil (2022: £4,111) were made by the Trustees to the Charity.

There were no other related party transactions in either period.

Page 28