Charity Commission THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Company Rg9i5tTatlon No. 11194783 (Eiiglartd and Wales) Charlty Règlstration No. 1181580
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S M Butler Mr D O'H82rn8 MrA Vlfintersgill MrJ G Brown Mis P M O'Heame Chorlty numher 1181580 Company number 11194783 Prlnclpal addrass 46 Kings Road LS29 9AT Reglster•d offlce Carflon House Grammar School Street Bradlord BD14NS Indfjpendent Examiner Alison IalleY FCA Azets Audit SèTVIC88 Ltd CarItC House Grammar School Street Bradford BD1 4NS Bankers Svenska Handelsbanken AB 9th Floor, Wesl One 114 Wellinglon Street Leeds LS1 1BA
THE GEORGE W WALSH SEEING EYE DOG FOUNDATION LIMITED CONTENTS Page Trusteès, report Independent examiner's report Slalemenl ol financial aclNilies Balance sheet Notes lo the financial slal8menls 6-12
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The financi81 s181ements h8ve been prepared in a¢¢L)rd8n¢e with the a¢¢ounling policies sel out In note 1 to the financial statements and comply with the charity's Mernorandum and Article8 of As80Ciation, the Companies Act 2006 and 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities prerIng their accounts in accordan wth the Financ*al Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeciive 1 January 20191 Oblecllves and activities The charity's objeclE are lo promote health. equality and Indopendonce ol bllnd, partlally sighted and other people suffering from disabilities and requiring assistan from Irained guide dogs by providing guide dogs for our class of beneficiaries training and educating our class of beneficiaries in the use of such guide dogs and providing such services faciliiies and acliwlies for the benefit of our class of beneficiaries as the chairty shall from time to lime deem fit. Th8 policlès adopted in furthèrantté ol thes8 obj8Cts aré li8t8d in thè notas to thè accounts. The truslees have paid due regard lo guidan issued by the Charity Commission in dectding what actiwlies the charity should undertake. Achlevements and performanGe Unfortunately due to delays in the planning process there has been little progress in the renovat of the Leeds site in Headingley. The chartty has therefore not mad8 any further donations during the year. Fundraising Secllon 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation define5 fundraising as 'soliciling 01 olhetwise procurirKJ money or other property for charitabEe purposes,. The charity does rs01 actively rai8e funds from the public ellher dlreelly or via use of an agent, acwrdingly no sueh amtsunls are presented in the fln8n¢lal slaleménls for the yèar undèr review. The Charity has received no corn aintS in relation to fundraising activily for the year undér review. Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to ba rogulat6d by th¢ Fundraising Regulator. Flnanclal review The Charity had irFcome Df £31,112 12023 - £7,038 negativè de to overprovision of légacy} with expenditure amounting lo £28,904 (2023 - £33,025) and gains of £167,881 12023- losses £106,056) for the year. Resldllng in a nel income of £170,089 at 31 March 2024.12023- £146.119 expendilurel. 11 Is the pollcy of the ¢h8rily that unreslflcted fvnds which have not been designated for a specrfic use should be maintained al a level equivalonl to between three and six month's expendilure. The tIU51ee5 consider that re8erves al this level V11 ensure that, in the event af a signlficanl drop in funding, they will be able to continue the charity's current activities while consideration is given lo ways In whl¢h addlllonal funds may b8 raised. Thl$18vel of reserves has been maintained throughout the year. Funds al 31 Mareh 2024 stood at £1,486,231 12023. £1,316.1421. The trustees cOnser this level of reserves in lin& with their res6rves policy. The trustees have asse88ed the major risks lo which the charity is exposed, and are satisfi1 Ih818ysterns are in place lo mili9ate exposure lo the major risks.
THE GEORGE W WALSH SEEING EYE DOG FOUNDATION LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure. governance and managemènt The charity IS 8 company limited by guarantee incorporated on 8 February 2018, registmtion number 11194783 and registered as a charity on 15 January 2019 in England and Wales, registration number 1181580. The Iruslees, who a also the directors for the purpose ol company law, and who served during the yèar and up lo the date of slgnalure of the finanaal statements were.. Mr S M Butler Mr D O'Hearne Mr A Winlersgill Mr J G Brown Mrs P M O'Heame The charity may by ordinary resolution.. • appoint a peTSOll who is willing to act lo btt 8 director., and determine the rotation in which any additional directors are lo retire. No person other than a director retiring by rolalion may be appointed a director al any general meellng unless.. hè or she is recommended lor re-eleciion by the directors,. or not less Ih8n fourteèn nor more than thirty-five dear days before the dale of the meeting, the charity is given a notice that.. is signed by a meTnber enlilled lo vole al the meeting", slates the memberf8 intention lo propose the appointment of a person as a director.. contains the deiails that, if the person were lo be appointed, th8 charity would have to file at Companies House., and 18 slgned by the person who is to be proposed to show his OT her williftgne88 to be appointed. Trusteès arè appointèd for thèir Èxpèriènce they can give to th& charity and trainin9 is provided il needed. None of the trustees has any beneficial intere81 in the company. All of the Iiusleeg 8re members of the company and guarantee lo cgntribule £1 in the event of a wnding up. This report 18 prepared in aGcord8nG8 with th6 provisions applicable lo companies enlilled lo the small companies exemption. The Iruslees, report W8S 8pproved by tho Boar<J of Truslees. MrA Trusloe D8led.'8 July 2024 ersgill Trustee Dated.. 8 July 2024
THE GEORGE W WALSH SEEING EYE DOG FOUNDATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED I report lo th& Irustees on my examination of the financial statemen15 of The George W Walsh Seeiro Eye Dog Foundation Limited (the charity) for the year ended 31 March 2024. Responslbllitles and basls of rèport As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the prepar$lion of ihe financial statements in accordance knrith the requirements ol the Companies Act 2006 Ilhe 2006 Adl. Having satisfied myself that the finanaal slalements of the charily are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my exarninalion I have followed all tha 8pplicablo Dire¢lions glven by tho Charity Commisslon undgr section 14515llbl ol the 2011 Ad. Independent examlner's statement I have completed my examination. I confim thai no matters have come lo my attention in Connecti wlh the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 A¢1; or the finanryol slalemertts do not accord wth those records", or the financial statamenls do not comply with the ac£ounting requirements of section 396 of the 2006 Act other than any reqLJiremenl that the 8CCOLJnts give a true 8nd fAir view is not a matter considered as part ol an independent ox8min81ion', or the financial statements have not been prepared in accordance with the melhtsds and principles ol the Slalemènl of Rècomméndèd Practicé for Aecountsng and rèporting by charitiès applicabl@ to chariti&s preparing their accounts In accordgnce with thè Finanei81 Reporting St8nd8rd 8pplic2ble in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other malters in connection with the examination to which a110ntion should be drawn in this report ID order to enable a proper understanding of the financial slalements to b8 reached. Alison Mfft8lley FCA Aze18 Audit Services Ltd Carlton House Grarnmar Schi)ol Street Bradlord BD1 4NS Dated.. 8 July 2024
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrèstricted Unrègtrlctèd funds funds 2024 2023 Notes Donations and legaaes Investments 133,4471 26,409 31.112 Totsl In¢ome 31,112 17,0381 R8islng funds 26,884 30,750 Char¢lable activrties 2,040 2,275 Total expènditur• 28,904 33,025 Nel galnsll1088esl on Snveslmenls 11 187,881 1106,0561 Net movement in funds 17Q.089 1146,1191 Fund balances al 1 April 2023 1,316,142 1,462,261 Fund balances at 31 March 2024 1,486.231 1,316,142 The statent of finanrial actsvilies indudes all gains and losses recognised in the year. All income and expendiluie derive from ¢ontlnuing a¢livilies. The slalement ol financial activities also complies wilh the requiremenls for an income and expenditure account under the Compani&s Act 2008.
THE GEORGE W WALSH SEEING EYE DOG FOUNDATION LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxèd assèts Investments 1,932.994 1,745,970 Current assèts Doblors Cash at bank in hand 43 3.059 51,856 2,173 69.439 54.915 71,612 Creditors= amounts falllng duo within ong year 1501.6781 1501,4401 Nel current liabilities (446,7631 1429,8281 Total assets lexs ¢urrent IlabllltEes 1,486.231 1,316,142 Income funds Unrestricted funds 1,486,231 1,316,142 1,486.231 1,316,142 The notès on pages 6 to 12 form part of these financial statements. The company is enlilled lo the exemption from the audll requlremenl conlalned In soction 477 of the Companles Act 2006, for the year ended 31 March 2024. Th6 directors acknowledge their responsibilities for complying t the requirements of the Companies Ad 2006 with respBGt lo aGGounling rewrds and the preparation of financial slat¢menls. The members have nol required the company lo obtain an audit of ils financial slalements for thè yèar in quèstion in accordance with section 476. ThÉ$è fin8neisl statements have been prep8r6d in 8ccordanc8 wth the provisions applicable to companies subject to the sm811 ¢omp8nies regime. The finanaal statements were approved by the Trustees on 8 Juty 2024 ea MrA Imnt Truste Trustee Company registration numbèy 11194783
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountlng pollcles Charity Information The George W W8lsh Seeing Ey8 Dog Foundation Limited is a private company limited by guaranlg9 incorporated in England and Wales. The registered office is Carlton House, Gr8mm2r School Street. Bradford. BD14NS. 1.1 A¢countSng ¢onvenllon The financial statements have been prepared in accordance with the charity's Memorandum and Artides of Associatson, thé Companies Aet 2006 and 'Accounling and Reporting by Charities-. Statement of Recommended Pra¢ti¢e appli¢able lo charities preparing their accounls in accordance with the Finan¢lal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. lefleclive 1 January 2019), Tha charity is a Public Benefit Entity as defined by FRS f 02. The financlal slalements are preparod in stoding, which 1$ the function81 currency of the charily. Monetary amounts in those financial slatsTllenls are rounded lo the nearest £. The finanaal statements have been prepared under the historfGal cost nVention. Tho piillcipal accounting policies adopled are set out below. 1.2 Golng ¢on¢ern At the lime of approng the financial statements. the Iruslees have a reasonable expectalioin that the charity has adequate resourcgs to continue in OPeTalional existence for the foreseeable lulure. Thus the Irustees continue lo adopt the going concem basis of accounting in preparing the financial stalemenls. 1.3 Charitabl& funds Unrestricted funds are 8v8iIAble for use at the disevetion of thé trustees in furtheranc& of their charitable objecliv&s. 1A Income Income is recognised when the charity is legally enlilled lo il after any performanGe conditions have been mel, the amounts can ba mÈasurÈd reliably, Ènd il is probable Ih8t incorne wll be receiveil. Legacies arè recoonised on receipt or otherwise if the charity has been notified ol impendillg di511ibution, the amount is known, and rèeèipl Is èxpèctèd. If the amount is not known, the legacy is Irealed as a contingent asset. l.S Expenditure ExpÈnditure is tscognisèd tJncè thère is a lÈgal or ¢ortstructive obligation lo Iransler econornic benefit to a Ihlrd party, it is probable that a transfer of economic benefits will be required in settlemenl, and the amount of the obligation can be measured reliably. Expendilure is classified by aclivrty. The costs of each aclivlly are made up of the lolal of d]r1 Costs and shared costs, including 5UPPOrt costs involved in undertaking each aclivily. Direct Gosls attributatAe lo a single activity are allocated directly to that activity. Shared costs whith ¢onlribule lo more than one activity and support costs whlch are not allrlbutsble to a single actlvbly are apportioned between those activities on a basis onsislènl with the use of resources. CÈnlral stsff costs are allocated on the basis ol time spenl, and depr8¢ialion charges are allocated on the portion of the asset's use. Investment management lees are re¢ognlsed when chargeable. Charit8bl6 and support costs arè included when incurred.
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl&s Icontlnuedl Grants payable are recognised when a comittmenl has been agreed by the Management Commiltee. 1.6 Flxed assat Investments Fixed asset investments are inih'ally measured al transaelion price excludin9 Iransadioll costs. and a¥e subsequently measured at fair vue al each reportlng dale. Changes in falr value are recognised in nel incom81(exp@nditurel for th8 year. Transaction Gosls are expensed as incurwd. 1.7 Cash and eash 84ui¥alents Cash and cash equivalents indude cash in hand. deposits held al call with banks, other 3hort-lerm liquid inveslmenls wllh original maturities ol three months or18ss. and bank overdrafts. Bank overdrafts are shown thin boTrowqngs in current liabiliti8S. 1.8 Financial Instruments The charity has elected to apply thè provisions of Section 11 'Basic Financial Instrijments, and Sèction 12 'other Financial Inslrumonls Issue8, of FRS 102 to all of 11$ flnancial inslrumenls. Financial instrunienls are recognised in ihe charitys balart¢e sheet Mthen the charity becomes party to the contractual provlsions of the instrumenL Flnanclal 8ssels and liabilities a offset, wilh the net amounts presented In the financial slatemenls, there is a legally enforceable rlghl lo stsl off the recognised amounts and there is an intention to settle on a nel basis or lo realise the assat 8nd sÉllle the liability simullaneously. Basic flnan¢ialassets Basic financial assets, whS¢h include debtors and cash and bank balances, are inib.ally rneasured at transaction price Including transaction costs and are subsequently carried at amortised cost using the effective Inter951 fflolhod unless the arrangement constilules a linancing transacb"on, where the iransactton is measured at the present value of the futurè rec&lpls discounted at a market rale of Interest. Financial Èssets dassified a8 re1vable wthin one ye8r are not amortised. Basic financlal liabilities Basic financial liabilities, includinq creditors and bank loans arg initially recognised al transaction price unless the arrangement constitutes 8 financing Iransactson, where the debt instrumenl is measured 8t thè present value of the future paymen18 discounted at a market r819 of inleresl. Financial Ilabilllies dassified as payable within tsne yeaT arg not amortised. Debt Instruments are subsequenlly carried al amortised cost. using the 8ffe¢lSve Interest rate method. Trdde creditors are obligations lo pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as cuirenl liabilities il payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors arè reeognised initially al transaction price and subsequently measured al Amortised cost using the effective inl&resl method. Dèr8cognifion of financlal Ilabllltles Financial liabilities 8re derecognised when the d)arlly'8 contractual obllgations expira or are discharged or ancelled.
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltlcal accounting estimatès and ludgÉmènt8 In the application of tho charity's accounting policies, the trustéès ore required lo make judgements. estimates $nd assumptions aboul the carrying amount of assets and li8bililie$ that are not readily apparent from olhgr sources. The estimates and associated assumptions are based on historical experience and other fathrs that are Considered lo be ¥elevanl. Actual results may differ from these estimates. The estirnates and underlylng assumptions are reviewed on an ongoing basis. Revlsions to accounting eslimales are recogniséd in thè period in which the estimate Is ievised where the revision affects [Y that period, or in th& poriod of the revision and future periods where the revision affects both current and future periods. Donatlons and legacl¢s Unrestrlcted Unr¥striGted funds funds 2024 2023 Legacles receivable 133.4471 A provision was made in 2022 for legacies receivable, bul the amount recèived was rèduced due lo taxes and other expenses, resulting in a negative amount in 2023. Investments Unrestrlcted Unrestricted funds fttnds 2024 2023 Incom8 fiom It8led investments 31,112 26,409 Charitable activltles 2024 2023 Share of support ttosls (see note 81 Share of govemanc¢ costs {see note 81 61 1,979 2,275 2,040 2,275
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Raislng funds Unrestrl¢ted Unrestrlcted funds funds 2024 2023 Inv6Stm&nt management 28,864 30,750 26.864 30.750 Trustees Nona ol the tru8leès lor Any p8rsons tnnected wlh them) received any remuneration or benefits from Ihe ch8rily during the current or previous year. Support costs Support Governance costs costs 2024 Support GovernanGe costs costs 2023 Sundry 61 61 Legal and professbtsnal Independent examination Meeting costs 490 1.440 345 490 1,440 345 1,678 301 1.678 301 61 1,979 2.040 2.275 2,275 Analysed btheen Charitable aclivilies 61 1,g79 2,040 2,275 2,275 Governance costs indudes payments lo the ac¢ounlants for Independonl ExamInall¢ of £1,678 12023 £1,440). Employees There were no employees durtng the current or previoLSS year. 10 Taxatlo The tharily is exempt from tax on income and gains falling within section 505 of the Taxes Ael 1988 or sèction 252 of the Taxation of Chargeable GainsAct 1992 to the extent that these are appliod lo its charitable objects.
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Net galnslllossesl on Invèstmènts Unrestrlctod Unrestrl¢ted funds funds 2024 2023 Revaluation of investments 167,881 {106.0561 10-
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 12 Flxèd assèt Irlvèstments Llsted investments Cost or valuatlon At l April 2023 Addillons Valuation changes Trans16r to cash account Disposals 1,745,970 118,888 167,880 4.700 {104,4441 Al 31 March 2024 1,932,994 Carrylng amount Al 31 March 2024 1,932,994 At 31 Marth 2023 1,745,970 13 Debtors 2024 2023 Amounts falling due wllhln one year.. Prepayments and accrued Income 3,059 2,173 14 Credltors: amoun1$ falllng due wlthln one year 2024 2023 Other creditors Accruals and deferred incom8 500,000 1,678 500,000 1,440 501,678 501,440
THE GEORGE WWALSH SEEING EYE DOG FOUNDATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Related party transactlons Transa¢tions with related parties During the year the charity enterÈd into the fc41¢)wing transactions with rèlated parties.. Independent ExaTllinalion fe&s of £1,67812023 £1,440> were charged by Azels (Formerly Naylor Wntersgill Limited), ol which MrAlan Vthntersgill was a director until 30 April 2023, as w611 as a director ol The George W Walsh S8eing Eye Dog Foundallon Limited. 12-