2024-12-31-accounts - Rickard Animals Company Limited

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REGISTERED COMPANY NUMBER: 11377785 (England and Wales)
REGISTERED CHARITY NUMBER: 1180020

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS`

FOR THE YEAR ENDED 31 DECEMBER 2024

`FOR`

`RICKARD ANIMALS COMPANY LIMITED`

Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

RICKARD ANIMALS COMPANY LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

	`Page`
`Report of the Trustees`	`1`
`Independent Examiner's Report`	`2`
`Statement of Financial Activities`	`3`
`Balance Sheet`	`4 to 5`
`Notes to the Financial Statements`	`6 to 11`
`Detailed Statement of Financial`
`Activities`	`12`

`RICKARD ANIMALS COMPANY LIMITED`

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024`

Thetrusteeswhoarealsodirectorsofthecharityforthepurposesof the
CompaniesAct2006,presenttheirreportwiththefinancialstatementsof the
charityfortheyearended31December2024.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:Statementof Recommended
Practiceapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102) (effective 1 January 2019).

`STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document`

Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust, and
constitutesalimitedcompany,limitedbyguarantee,asdefinedbythe Companies
Act 2006.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`

11377785 (England and Wales)

`Registered Charity number`

`Registered office`

Fox Hill Lodge
Great Shelford
Cambridge
Cambridgeshire
CB22 5AN

`Trustees`

P J Anderson
J T Dean (deceased 10/7/2025)
Mrs V L Dean
J Baker

`Company Secretary`

`Independent Examiner`

Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

Approvedbyorderoftheboardoftrusteeson28September2025andsigned on
its behalf by:

P J Anderson - Trustee

Page 1

`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RICKARD ANIMALS COMPANY LIMITED`

Independentexaminer'sreporttothetrusteesofRickardAnimalsCompany Limited
('the Company')

Ireporttothecharitytrusteesonmyexaminationoftheaccountsof the
Company for the year ended 31 December 2024.

`Responsibilities and basis of report`

Asthecharity'strusteesoftheCompany(andalsoitsdirectorsfor the
purposesofcompanylaw)youareresponsibleforthepreparationofthe accounts
in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredto be
auditedunderPart16ofthe2006Actandareeligiblefor independent
examination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act'). In
carryingoutmyexaminationIhavefollowedtheDirectionsgivenbythe Charity
Commission under Section 145(5) (b) of the 2011 Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomattershavecometo 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)).

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwith the
examinationtowhichattentionshouldbedrawninthisreportinorderto enable
a proper understanding of the accounts to be reached.

Andrew Rand
The Institute of Chartered Accountants in England and Wales

Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

28 September 2025

Page 2

`RICKARD ANIMALS COMPANY LIMITED`

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`

`Notes` `INCOME AND ENDOWMENTS FROM` `Investment income` `2` `EXPENDITURE ON` `Raising funds` `3` `Other` `Total` `NET INCOME/(EXPENDITURE)` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD`	`2024` `2023` `Unrestricted` `Total` `fund` `funds` `£` `£` `25,515` `33,390` `8,466` `8,987` `42,775` `20,279` `51,241` `29,266` `(25,726)` `4,124` `3,223,536` `3,219,412` `3,197,810` `3,223,536`

The notes form part of these financial statements

Page 3

`RICKARD ANIMALS COMPANY LIMITED`

`BALANCE SHEET 31 DECEMBER 2024`

`Notes` `FIXED ASSETS` `Investment property` `6` `CURRENT ASSETS` `Debtors` `7` `Cash at bank` `CREDITORS` `Amounts falling due within one` `year` `8` `NET CURRENT ASSETS` `TOTAL ASSETS LESS CURRENT` `LIABILITIES` `CREDITORS` `Amounts falling due after more` `than one year` `9` `NET ASSETS` `FUNDS` `12` `Unrestricted funds` `TOTAL FUNDS`	`2024` `2023` `Unrestricted` `Total` `fund` `funds` `£` `£` `1,710,923` `1,710,923` `1,663,596` `1,653,695` `91` `6,973` `1,663,687` `1,660,668` `(165,290)` `(135,361)` `1,498,397` `1,525,307` `3,209,320` `3,236,230` `(11,510)` `(12,694)` `3,197,810` `3,223,536` `3,197,810` `3,223,536` `3,197,810` `3,223,536`

ThecharitablecompanyisentitledtoexemptionfromauditunderSection477 of
the Companies Act 2006 for the year ended 31 December 2024.

Themembershavenotrequiredthecompanytoobtainanauditofits financial
statementsfortheyearended31December2024inaccordancewithSection476 of
the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)ensuringthatthecharitablecompanykeepsaccountingrecordsthat comply
with Sections 386 and 387 of the Companies Act 2006 and

(b)preparingfinancialstatementswhichgiveatrueandfairviewofthe state
ofaffairsofthecharitablecompanyasattheendofeachfinancial year
andofitssurplusordeficitforeachfinancialyearinaccordance with
therequirementsofSections394and395andwhichotherwisecomply with
therequirementsoftheCompaniesAct2006relatingto financial
statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

Page 4

`RICKARD ANIMALS COMPANY LIMITED`

`BALANCE SHEET - continued 31 DECEMBER 2024`

Thesefinancialstatementshavebeenpreparedinaccordancewiththe provisions
applicable to charitable companies subject to the small companies regime.

ThefinancialstatementswereapprovedbytheBoardofTrusteesand authorised
for issue on 28 September 2025 and were signed on its behalf by:

P J Anderson - Trustee

The notes form part of these financial statements

Page 5

RICKARD ANIMALS COMPANY LIMITED

`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharitablecompany,whichisa public
benefitentityunderFRS102,havebeenpreparedinaccordancewith the
CharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUK and
RepublicofIreland(FRS102)(effective1January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.

`Income`

AllincomeisrecognisedintheStatementofFinancialActivitiesonce the
charityhasentitlementtothefunds,itisprobablethattheincome will
be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegal or
constructiveobligationcommittingthecharitytothatexpenditure,it is
probablethatatransferofeconomicbenefitswillberequired in
settlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeen classified
underheadingsthataggregateallcostrelatedtothecategory.Where costs
cannotbedirectlyattributedtoparticularheadingstheyhave been
allocated to activities on a basis consistent with the use of resources.

`Investment property`

Investmentpropertiesareshownattheiropenmarketvalue.Thesurplus or
deficitarisingfromtheannualrevaluationistakentotheStatement of
Financial Activities.

Depreciation is not provided on Investment Property.

`Taxation`

The charity is exempt from corporation tax on its charitable activities.

`Fund accounting`

Unrestrictedfundscanbeusedinaccordancewiththecharitable objectives
at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposes within
theobjectsofthecharity.Restrictionsarisewhenspecifiedbythe donor
or when funds are raised for particular restricted purposes.

Furtherexplanationofthenatureandpurposeofeachfundisincluded in
the notes to the financial statements.

`Investments`

InvestmentsinUKequitiesandfixedinterestloanstockareincluded in
theaccountsatmarketvalue.Anyunrealisedandrealisedgainsand losses
ontheseinvestmentsduringtheperiodaretakentotheStatement of
Financial Activities.

`Donations`

These are accounted for when received.

`Legacies`

Entitlementistheearlierofthecharityreceivingthefinal estate
accounts or the legacy being received.

`Value added tax`

continued...

Page 6

`RICKARD ANIMALS COMPANY LIMITED`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`1. ACCOUNTING POLICIES - continued`

Thecharityisclassedasexemptforthepurposeofvalueaddedtax,it is
unabletoreclaimthevalueaddedtaxwhichitsuffersonits purchases.
Expenditureintheseaccountsisthereforeshowninclusiveofvalue added
tax.

`Employee expenses`

The Charity does not have any employees,

`Debtors`

TradeandotherdebtorsarerecognisedastheCharityisentitled to
receive the funds.

`Cash at bank and in hand`

Cashatbankandinhandincludescashandshorttermhighly liquid
investmentswithashortmaturityofthreemonthsorlessfromthedate of
acquisition or opening of the deposit.

`Creditors and provisions`

Creditorsandprovisionsarerecognisedwherethecharityhasa present
obligationresultingfromapasteventthatwillprobablyresultin a
transferoffundstoathirdpartyandtheamountduetosettle the
obligationcanbemeasuredorestimatedreliably.Creditorsand provisions
are normally recognised at their settlement amount.

`2. INVESTMENT INCOME`

`3.`

`Rents received` `RAISING FUNDS` `Investment management costs` `Portfolio management` `Insurance` `Property repairs`	`2024` `£` `25,515` `2024` `£` `3,134` `2,767` `2,565` `8,466`	`2023` `£` `33,390` `2023` `£` `4,018` `2,678` `2,291` `8,987`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyear ended
31 December 2024 nor for the year ended 31 December 2023.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December 2024
nor for the year ended 31 December 2023.

continued...

Page 7

`RICKARD ANIMALS COMPANY LIMITED`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`INCOME AND ENDOWMENTS FROM` `Investment income` `EXPENDITURE ON` `Raising funds` `Other` `Total` `NET INCOME` `RECONCILIATION OF FUNDS` `Total funds brought forward` `TOTAL FUNDS CARRIED FORWARD` `6.` `INVESTMENT PROPERTY` `FAIR VALUE` `At 1 January 2024` `and 31 December 2024` `NET BOOK VALUE` `At 31 December 2024` `At 31 December 2023` `Fair value at 31 December 2024 is represented by:` `Valuation in 2021` `7.` `DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR` `Trade debtors` `Other debtors`	`2024` `£` `6,310` `1,657,286` `1,663,596`	`Unrestricted` `fund` `£` `33,390` `8,987` `20,279` `29,266` `4,124` `3,219,412` `3,223,536` `£` `1,710,923` `1,710,923` `1,710,923` `£` `1,710,923` `2023` `£` `2,409` `1,651,286` `1,653,695`

continued...

Page 8

`RICKARD ANIMALS COMPANY LIMITED`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`8.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2024`	`2023`
			`£`	`£`
	`Bank loans and overdrafts (see note 10)`		`2,834`	`2,620`
	`Other loans (see note 10)`		`157,175`	`128,853`
	`Trade creditors`		`2,734`	`1,944`
	`Deferred income`		`405`	`-`
	`Accrued expenses`		`2,142`	`1,944`
			`165,290`	`135,361`
`9.`	`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`
	`Bank loans (see note 10)`		`2024` `£` `11,510`	`2023` `£` `12,694`
`10.`	`LOANS`
	`An analysis of the maturity of loans is given below:`
	`Amounts falling due within one year on demand:`		`2024` `£`	`2023` `£`
	`Bank loans`		`2,834`	`2,620`
	`Other loans`		`157,175`	`128,853`
			`160,009`	`131,473`
	`Amounts falling between one and two years:`
	`Bank loans - 1-2 years`		`11,510`	`12,694`
`11.`	`SECURED DEBTS`
	`The following secured debts are included within creditors:`
	`Other loans`		`2024` `£` `157,175`	`2023` `£` `128,853`
	`The other loans are secured by a fixed charge on the`		`company's`	`investment`
	`property.`
`12.`	`MOVEMENT IN FUNDS`
	`Unrestricted funds`	`At 1/1/24` `£`	`Net` `movement` `in funds` `£`	`At` `31/12/24` `£`
	`General fund`	`3,223,536`	`(25,726)`	`3,197,810`
	`TOTAL FUNDS`	`3,223,536`	`(25,726)`	`3,197,810`

continued...

Page 9

`RICKARD ANIMALS COMPANY LIMITED`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`12. MOVEMENT IN FUNDS - continued`

Net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`25,515`	`(51,241)`	`(25,726)`
`TOTAL FUNDS`	`25,515`	`(51,241)`	`(25,726)`

`Comparatives for movement in funds`

`At 1/1/23` `£` `Unrestricted funds`	`Net` `movement` `in funds` `£`	`At` `31/12/23` `£`
`General fund` `3,219,412`	`4,124`	`3,223,536`
`TOTAL FUNDS` `3,219,412`	`4,124`	`3,223,536`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming` `resources` `£` `Unrestricted funds`	`Resources` `expended` `£`	`Movement` `in funds` `£`
`General fund` `33,390`	`(29,266)`	`4,124`
`TOTAL FUNDS` `33,390`	`(29,266)`	`4,124`

Acurrentyear12monthsandprioryear12monthscombinedpositionis as
follows:

`Unrestricted funds` `General fund` `TOTAL FUNDS`	`Net` `movement` `At 1/1/23` `in funds` `£` `£` `3,219,412` `(21,602)` `3,219,412` `(21,602)`	`At` `31/12/24` `£` `3,197,810` `3,197,810`

continued...

Page 10

`RICKARD ANIMALS COMPANY LIMITED`

`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024`

`12. MOVEMENT IN FUNDS - continued`

Acurrentyear12monthsandprioryear12monthscombinednetmovement in
funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`58,905`	`(80,507)`	`(21,602)`
`TOTAL FUNDS`	`58,905`	`(80,507)`	`(21,602)`

`13. RELATED PARTY DISCLOSURES`

Therewerenorelatedpartytransactionsfortheyear ended
31 December 2024.

Page 11

`RICKARD ANIMALS COMPANY LIMITED`

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024`

2024
£
INCOME AND ENDOWMENTS
Investment income
Rents received
25,515
Total incoming resources
25,515
EXPENDITURE
Investment management costs
Portfolio management
3,134
Insurance
2,767
Property repairs
2,565
8,466
Other
Bank interest
564
Support costs
Management
Rates and water
6,667
Legal fees
275
Sundries
-
Accountancy
2,142
9,084
Finance
Broker charges
7,016
Bridging Loan interest
26,111
33,127
Total resources expended
51,241
Net (expenditure)/income
(25,726) 2023
£
33,390
33,390
4,018
2,678
2,291
8,987
-
7,196
1,800
257
1,709
10,962
2,081
7,236
9,317
29,266
4,124

This page does not form part of the statutory financial statements

Page 12