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2024-12-31-accounts

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024

EDMUND CARR LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

THE RED FOUNDATION

YEAR ENDED 31 DECEMBER 2024

CONTENTS

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||| |---|---| |Charity information|1| |Trustees Report|2| |Independent Examiner's report to the Trustees|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the financial statements|8|

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THE RED FOUNDATION CHARITY INFORMATION

YEAR ENDED 31 DECEMBER 2024

The Trustees have the pleasure in presenting their report and financial statements of the Charity for the year ended 31st December 2024.

REFERENCE AND ADMINISTRATIVE INFORMATION

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|||| |---|---|---| |Charity Name|The Red Foundation| |Previous name (to July 2025)|The Red Foundation - Emergency Dachshund Rescue| |Registered Charity Number|1181158|England & Wales| |SC051936|Scotland| |Address|The Barn| |Pentlow| |Sudbury| |Suffolk| |CO10 7JJ| |Chairman|S Compton|(Appointed 1st April 2024)| |Trustees|V Wilson|General Manager| |K Abrams|Medical Support| |L Churchyard|(Resigned 27th May 2025)| |E Wishart|Lead Rehoming Case Worker| |H Boland|(Resigned 8th February 2024)| |S Harvey|(Appointed 24 February 2025) Compliance Specialist| |Independent Examiner|Alex Stone FCCA| |Edmund Carr LLP| |146 New London Road| |Chelmsford| |Essex CM2 0AW|

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1

THE RED FOUNDATION

TRUSTEES' REPORT

YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

Our principal objective is to relieve the suffering of Dachshunds and Dachshund Cross Breeds throughout the UK in need of care and attention and, in particular to provide and maintain rescue homes or other facilities for the reception, care and treatment of such animals surrendered to, or rescued by us. Also, to promote humane behaviour towards Dachshund and Dachshund Cross Breeds throughout the UK by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or illusage. In addition, we educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.

The Trustees confirm that the activities of the charity are undertaken to achieve the charity’s aims with regard to the public benefit guidance issued by The Charity Commission.

ACHIEVEMENTS AND PERFORMANCE

2024 was once again extremely challenging for The Red Foundation in terms of volume of dogs needing new homes and case worker capacity. Our waiting list remains in place, and we do not see an end to this process in the near future. Like most rescues we are working at capacity and our resources are stretched to the maximum.

During 2024 we saw a steady increase in the number of dogs with behaviour issues being surrendered for rehoming and we have adapted our policies and processes accordingly, and continue to do so through the annual policy and process refresh reviews. We only consider dogs who have bitten on a case by case basis, and require a full veterinary check and an assessment by an independent behaviourist before accepting any dog who has bitten.

We increased our case workers to 10 during 2024 and we continue to train new case workers to ensure our levels of active rehomers do not drop so substantially again. Following the successful introduction of a dedicated surrender team we also created a dedicated administration team to complete the administrative activities relating to the dogs in our care and to control the adherence to our policies and processes. This has enabled the core team of Trustees to focus on the controlled running of the charity, and on fundraising and increasing the profile of the charity.

The total number of dogs we were able to help in 2024 increased to 156 compared to 133 in 2003 due to the increase in the number of case workers we now have. However 2025 looks to be much busier and our rehoming numbers have exceeded 2024 numbers already this year. We are finding that rehoming generally takes much longer than previous years due to the lack of suitable homes available, and often the need for no other animal and children homes which are fewer and fewer.

Our lifetime care numbers continue to grow year on year, with the number of dogs currently suffering from IVDD, or have had it in the past being one of the main medical reasons for surrender. Our lifetime and medical dogs now total 305, which is an increase on the previous year, and 128 of these are IVDD care. Funding and fundraising are still extremely vital to ensure that we can cover any costs associated with these dogs. Despite the overall increase in the number of dogs requiring lifetime care we have seen our costs relating to vets fee reduce. This is attributed to the introduction of more conservative treatment for IVDD, and this has reduced our overall costs.

2

THE RED FOUNDATION

TRUSTEES' REPORT (continued)

YEAR ENDED 31 DECEMBER 2024

We are continuing fundraising events into 2025 and onwards.

We continue to expand our Board of Trustees and we have re-structured to align overall accountability to key areas of the charity, and we continue to review and expand the Board.

Financial Review

Total income for 2024 was £173,420 (down £15,475 on 2023)

Total expenditure for 2024 was £155,474 (down £48,191 on 2023)

The majority of our costs were vets’ fees, totalling £120,674, the majority of this made up of IVDD & Lifetime Care dogs totalling £73,075.

3

THE RED FOUNDATION

TRUSTEES' REPORT (continued) YEAR ENDED 31 DECEMBER 2024

Reserves Policy

We currently have 305 Lifetime Care Dogs in our care (this includes IVDD). Reserves are required to fund the care of these dogs as well as our other charitable activities. Total funds at 31 December 2024 were £190,136 of which £1,850 were restricted. The unrestricted reserves balance at the end of 2024 was £188,286 which the Trustees consider sufficient to meet current commitments.

Structure, Governance and Management

The Red Foundation is a Charitable Incorporated Organisation and is governed by its constitution dated 13th December 2018.

New trustees are appointed by a resolution passed at a meeting of the existing trustees. In selecting individuals for appointment, the trustees have regard to the skills, knowledge and experience needed for the effective administration of the CIO. The trustees make available to each new trustee, on or before his or her first appointment:

A copy of the current version of the constitution; and

A copy of the CIO’s latest Trustees’ Annual report and statement of accounts.

This annual report was approved by the trustees of the Charity on .......................... and is signed on their 17 Sept 2025 behalf by

...................................................

S Compton (Chairman)

4

THE RED FOUNDATION

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2024

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 6 to 11.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 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.

...................................

Alex Stone FCCA

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

22 Sept 2025

5

THE RED FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2024

Note
£
£
INCOME from:
Donations and legacies:
2
107,375
-
Charitable activities
3
54,321
-
Trading activities
4
11,724
-
TOTAL INCOME
173,420
-
EXPENDITURE on:
Raising funds
3,471
-
Charitable activities
5
151,353
650
TOTAL EXPENDITURE
154,824
650
NET INCOME/(EXPENDITURE)/
18,596
(650)
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
169,690
2,500
Total funds carried forward
188,286
1,850
Unrestricted
Restricted
Funds
Funds		 Total Funds
£
107,375
54,321
11,724
173,420
3,471
152,003
155,474
17,946
172,190
190,136
2024		 Total Funds
2023
£
123,669
52,517
12,709
188,895
3,077
200,588
203,665
(14,770)
186,960
172,190

The notes on pages 8 to 11 form part of these financial statements.

6

THE RED FOUNDATION

BALANCE SHEET

AS AT 31 DECEMBER 2024

Note
CURRENT ASSETS
Cash at bank
Debtors
8
CREDITORS: Amounts falling due
9
within one year
NET CURRENT ASSETS
NET ASSETS
FUNDS OF THE CHARITY
Restricted
10
Unrestricted
TOTAL CHARITY FUNDS		 £
£
187,037
5,514
192,551
2,415
190,136
190,136
1,850
188,286
190,136
2024		 £
£
167,261
7,289
174,550
2,360
172,190
172,190
2,500
169,690
172,190
2023

These financial statements were approved by the Trustees on …........................... and signed on 17 Sept 2025 their behalf by:

…........................

S Compton

Trustee

The notes on pages 8 to 11 form part of these financial statements.

7

THE RED FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of accounting

The accounts (financial statements) have been prepared in accordance with the statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The accounts (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 Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Red Foundation is a Charitable Incorporated Organisation (CIO). It is a registered charity in England and Wales, and in Scotland and meets the definition of a public benefit entity under FRS 102.

Going concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Incoming Resources

Donations are recognised when receivable.

Resources Expended

All expenditure is accounted for on an accruals basis. The majority of costs are attributable to specific charitable activities. Governance costs are associated with the governance arrangements of the charity.

Debtors and creditors

Trade and other debtors are recognised at the settlement amount due. Creditors are recognised at their settlement amount.

Cash at bank

All funds are held within the charity’s bank account.

8

THE RED FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

Fund accounting

Funds held by the charity are either:

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity.

Taxation

As the Red Foundation is a charity, it is exempt from taxation, other than VAT, to the extent that any income and gains are applied to its charitable objectives.

2. DONATIONS AND LEGACIES

Donations and gift aid
Grants
2023:		 Unrestricted
Funds
£
104,375
3,000
107,375
121,169		 Restricted
Funds
£
-
-
-
2,500		 Total Funds
2024
£
104,375
3,000
107,375
123,669		 Total Funds
2023
£
123,669
-
123,669

3. INCOME FROM CHARITABLE ACTIVITES

Adoption donations
2023:		 Unrestricted
Funds
£
54,321
54,321
52,517		 Restricted
Funds
£
-
-
-		 Total Funds
2024
£
54,321
54,321
52,517		 Total Funds
2023
£
52,517
52,517

9

THE RED FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

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4. INCOME FROM RAISING FUNDS
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Auction income 3,699 - 3,699 5,404
-
Shop income 8,025 8,025 7,305
-
11,724 11,724 12,709
2023: 12,709 - 12,709
5. CHARITABLE EXPENDITURE
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
£ £ £ £
Vet fees 120,674 - 120,674 175,313
Other dog welfare costs 4,565 650 5,215 2,415
-
Advertising and website 1,560 1,560 2,879
Office and administration 21,342 - 21,342 15,811
Travel and accommodation 512 - 512 975
Governance costs (note 6) 2,700 - 2,700 3,195
151,353 650 152,003 200,588
2023: 188,953 11,635 200,588
6. GOVERNANCE COSTS Total Funds Total Funds
2024 2023
£ £
Fees payable to independent examiner 2,300 2,710
Legal and professional fees 400 485
2,700 3,195
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10

THE RED FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2024

7. TRUSTEES' REMUNERATION

Payments totalling £13,537 were made to Vicky Wilson (Trustee) in the year in respect of administration services provided in accordance with the terms of the charity's governing document (2023 - £8,930).

8. DEBTORS

Trade debtors
VAT
9.
CREDITORS: Amounts falling due
Accruals
10. RESTRICTED FUNDS
Current year
a)
Medical costs fund
b)
Clinical animal behaviourist fund
Prior year
a)
Medical costs fund
b)
Clinical animal behaviourist fund		 within one year
1 Jan 2024
Income
£
£
-
-
2,500
-
2,500
-
1 Jan 2023
Income
£
£
11,635
-
-
2,500
11,635
2,500
Balance at
Balance at		 2024
£
2,517
2,997
5,514
2024
£
2,415
2,415
Expenditure
£
-
(650)
( 650)
Expenditure
£
(11,635)
-
( 11,635)		 2023
£
-
7,289
7,289
2023
£
2,360
2,360
£
-
1,850
1,850
£
-
2,500
2,500
Balance at
31 Dec 2024
31 Dec 2023
Balance at

11