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 I￿alleY 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 pre￿rIng 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 d￿e 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 V￿11 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 cOns￿er 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 satisfi￿1 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 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 t￿nnected 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-