ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022
REN'S RESCUE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1184052
Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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REN'S RESCUE
(Charitable Incorporated Organisation)
CONTENTS
| Page 3 | Legal and Administrative Information |
|---|---|
| Page 4 to 5 | Trustees' Report |
| Page 6 | Statement of Financial Activities |
| Page 7 | Balance Sheet |
| Pages 8 to 14 | Notes to the Financial Statements |
| Page 15 | Independent Examiner's Report |
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REN'S RESCUE
(Charitable Incorporated Organisation)
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER 1184052 DATE OF REGISTRATION 24th June 2019 START OF FINANCIAL YEAR 6th April 2021 END OF FINANCIAL YEAR 5th April 2022 TRUSTEES AT 5TH APRIL 2022 Lisa Scarlett Ethan Scott Pamela Maunsell
LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO - Foundation Registered 24th June 2019
OBJECTS
1 . For the benefit of the public to relive the suffering and distress of animals in need of care and attention by reason of sickness, neglect, mistreatment or misadventure and in particular to provide and maintain rescue homes or other facilities for the reception and treatment of such animals. 2 . For the benefit of the public to educate the public on matters concerning animal welfare.
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
INDEPENDENT EXAMINERS
Rose Garth Hull Road Keyingham Hull HU12 9ST Lloyds Bank Plc 25 Gresham Street London EC2V 7HN Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
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REN'S RESCUE
(Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE YEAR ENDED 5TH APRIL 2022
Animals
During the year 2020-2021 we transitioned from being a rescue that took in mostly domestic animals to one that focused more on wildlife. We took in a variety of species including pigeons, gulls, corvids, owls Our first full year as a wildlife rescue has been very successful. admitted 113 animals including owls, rabbits, mice, pigeons, gulls, hedgehogs, foxes, and deer.
Expansion
Much of the year was spent arranging reports to support our planning application to develop the land at Winestead. The application for change of use and for the siting of some modular buildings, along with he infrastructure to support them was submitted in March. We expect a long delay whilst we wait for the outcome.
Training
Training of volunteers continued on-site and Pamela undertook a further two courses with Secret World Wildlife and is enrolled on another course with the International Wildlife Rehabilitation Council.
Our commitment to CPD will always be at the core of our work.
Trustees
The three Trustees have all contributed consistently to the running of the rescue and we are grateful to them for their dedication.
We continue to look for other Trustees, focusing on people who can oversee volunteering, social media, and business development.
Fund-raising
Lisa has taken on the role of fund-raiser, focusing on applying to grant giving trusts and to individuals. She has demonstrated a natural aptitude for this work, which is already bringing in significant sums.
Our shop at the Prospect Centre has had mixed results due to difficulties dealing with multiple solicitors and the finding reliable volunteers. Nevertheless, it is bringing in sufficient income to keep the charity afloat.
Finance
Our income for the year declined to £35,962 with expenditure of £43,660 leaving us with a net income/(expenditure) of (£7,699) and a balance carried forward of £3,344 for the period ended 5th April 2022.
Our income is stable for the year was stable and although our expenditure was greater, we were able to meet the difference from our savings.
Generous grants from the Foyle Foundation (£4,000), the Kathleen Vivien Trust (£5,000) and Support Adoption for Pets (£3,850), along with fabulous support from members of the public made up the bulk of our income for the year. The new shop, at The Prospect Centre, has started off well and we believe will bring in substantial revenue once it is more established in the community.
In terms of expenditure, as usual, our biggest expenditure this year was on repairs and maintenance (approximately £7000) as we had to fix some long-standing issues with drainage and fencing. The other major expenses were our rent & rates bills (approximately £6000) and our vets & medical bills (approximately £5000).
As the rescue continues to expand and help more animals, it is inevitable that our expenses will rise. The Trustees have agreed that we should be as self-funding as possible and consideration must be given to opening a 2nd shop or finding another means of sustainable income.
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REN'S RESCUE TRU5TEES' REPORT {Gontmu•dl FOR THE YEAR ENDEO STh APRIL 2022 d•y8aW Our rnouhr. wle ottwKI Ixrt rned tr)ts Mxt year. ae kn wil b8 for to volun¢o•rn. Conclu810 ¢0 Jrnerrt IFKom•. T•t•' Tl Ch8rtibs Aa 2011 rgqthj wqpwe flMKI aieirM grrt fair sw of the 8ts¢e of affairs Off ao and d Ihe crfthb ao fty It p¥lcd In Ittho fin8rk?l atsmgnts tho truat8eS aro r8qulr•d to.. . Prewre finar1 $trA5 cffj the wt¥) b#s urkn i& to the tyu¥t il firF4nchl dth• CIO. TW ¥• •lso rospty)94• g•fw¥dlty thp s*R•ts afthg CVJ honcg f¢r tAWrva r•aBonHbK• nOdCfftthrwtyT Pn"rted NaTh'.
REN'S RESCUE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2022
| Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Grants & Legacies 3a Activities for Generating Funds 3b Investment Income 3c Other Incoming Resources 3d TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of Generating Funds Cost of Charitable Activities 4a Cost of Generating Funds 4b Governance Costs 4c TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES Funds Brought Forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ 23,655 4,000 - 27,655 36,616 7,706 - - 7,706 627 - - - - - 601 - - 601 1,216 31,962 4,000 - 35,962 38,459 32,961 4,000 - 36,961 29,281 1,724 - - 1,724 - 4,875 - - 4,875 730 39,560 4,000 - 43,560 30,011 (7,599) - - (7,599) 8,448 11,043 - - 11,043 2,595 3,444 - - 3,444 11,043 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 8 to 14 form part of these financial statements.
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REN? RESCUE BALANCE SHE AS AT 5TH APRIL 2Q22 Totsl Total Apr.21 Fur Tanglblb Inve¥trnents Tow Flx•d A•wts Debtc8 & Prop8T6 Ca8h 8t Bank aTrJ kn Hand Totsl Curr•ntA•wts 11,773 11,TT3 l444 10 Br NeT CURRENT AMS 11.043 TOTALA8SET8 l••B jrr•rrt L44HO8• 11,1143 Cr•dStorn: Arnrts I1r*a mty• I ono yoor Fund•ofth• Chwlty Gen8r81 Funda DesSwated FuTrJJ Fu 1444 11,043 Totsl FUT 11,043 gnTheirQwty In Prknt Nar AKkeL-fi NIQ£LL
REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022
1. ACCOUNTING POLICIES
Basis of Preparation & Assessment of Going Concern
Basis of Preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The 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 (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.
The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) when:
▪ the charity becomes entitled to the resources;
▪ the trustees are virtually certain they will receive the resources; and
▪ the monetary value can be measured with sufficient reliability
Incoming Resources with Related Expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Tax Reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services have been delivered.
Gifts in Kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer Help
The value of any voluntary help received is not included in the accounts.
Investment Income
This is included in the accounts when receivable.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
1. ACCOUNTING POLICIES (continued)
Expenditure and Liabilities
Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with Performance Conditions
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Unrestricted funds
These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.
Restricted funds
These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects.
Fixed Assets
Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation Expense
Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows:
Fixtures, Fittings and Equipment 25% - Reducing Balance Basis Motor Vehicle 33% - Straight Line Basis
2. TANGIBLE FIXED ASSETS
| Cost 06-Apr-21 Additions Net Book Value at 05-Apr-22 Depreciation 06-Apr-21 Charge Depreciation at 05-Apr-22 Net Book Value 05-Apr-22 Net Book Value 05-Apr-21 |
Motor Fittings & Total Vehicles Equipment 2021/22 £ £ £ - - - 2,400 - 2,400 2,400 - 2,400 - - - 800 - 800 800 - 800 1,600 - 1,600 - - - |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 5th April 2022 : None
5th April 2021 : None
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
3. INCOMING RESOURCES
| Note a) Donations, Grants & Legacies Gifts & Donations 6 b) Activities for Generating Funds Fundraising Income Shop Income c) Investment Income Interest d) Other Incoming Resources Sundry Income |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ 23,655 4,000 - 27,655 36,616 23,655 4,000 - 27,655 36,616 559 - - 559 574 7,148 - - 7,148 53 7,706 - - 7,706 627 - - - - - - - - - - 601 - - 601 1,216 601 - - 601 1,216 |
|---|---|
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
4. RESOURCES EXPENDED
| a) Cost of Charitable Activities Advertising & Publicity Bank Charges Cleaning Costs Depreciation Expense Equipment Costs Food Costs 6 Medical Costs Fundraising Costs Insurance Costs Licenses & Subscriptions Motor Vehicle Costs Motor Vehicle Expenses Office Costs Rent & Rates Repairs & Maintenance Staff Costs 13 Sundry Expenses Telephone Costs Training Costs Travel & Subsistence Utility Costs Volunteers Expenses b) Activities for Generating Fund Shop Costs c) Governance Costs Independent Examiners Fees 10 Legal & Professional Fees |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2021/22 2020/21 £ £ £ £ £ 6 - - 6 - 10 - - 10 2 - - - 94 800 - - 800 - 3,024 - - 3,024 5,149 1,827 - - 1,827 2,030 772 4,000 - 4,772 4,840 76 - - 76 201 2,486 - - 2,486 1,264 - - - - 197 101 - - 101 - 340 - - 340 - 835 - - 835 1,186 5,850 - - 5,850 700 7,033 - - 7,033 8,902 3,618 - - 3,618 - 1,254 - - 1,254 1,438 101 - - 101 102 486 - - 486 741 3,019 - - 3,019 2,398 1,304 - - 1,304 - 18 - - 18 37 32,961 4,000 - 36,961 29,281 1,724 - - 1,724 - 1,724 - - 1,724 - 600 - - 600 550 4,275 - - 4,275 180 4,875 - - 4,875 730 |
|---|---|
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
5. RESTRICTED FUNDS
The CIO held no restricted funds during this or the previous financial year.
6. DESIGNATED FUNDS
| Foyle Foundation | Balance Balance 06-Apr-21 Income Expenditure Transfers 05-Apr-22 £ £ £ £ £ - 4,000 4,000 - - - 4,000 4,000 - - |
|---|---|
The Designated funds are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
7. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial year.
8. CASH AT BANK AND IN HAND
| Cash at Bank & in Hand 9. DEBTORS AND PREPAYMENTS Sundry Debtors |
Unrestricted Restricted Total Total Fund Fund 05-Apr-22 05-Apr-21 £ £ £ £ 2,444 - 2,444 11,773 2,444 - 2,444 11,773 Unrestricted Restricted Total Total Fund Fund 05-Apr-22 05-Apr-21 £ £ £ £ - - - - - - - - |
|---|---|
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Independent Examiners Fees Sundry Creditors |
Unrestricted Restricted Total Total Fund Fund 05-Apr-22 05-Apr-21 £ £ £ £ 600 - 600 550 - - - 180 600 - 600 730 |
|---|---|
11. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR
The CIO held no long term liabilities during this or the previous financial year.
12. NET ASSETS BETWEEN FUNDS
| Fixed Asset Investments Net Current Assets Long Term Liabilities |
Unrestricted Restricted Total Total Funds Funds 05-Apr-22 05-Apr-21 £ £ £ £ 1,600 - 1,600 - 1,844 - 1,844 11,043 - - - - 3,444 - 3,444 11,043 |
|---|---|
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REN'S RESCUE
(Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 5TH APRIL 2022
13. STAFF COSTS AND NUMBERS
| TOTAL 2021/22 £ Gross Wages, Salaries & Fees 3,618 Employer's National Insurance Costs - Pension Contributions - 3,618 Consultants who were engaged in each of the following activities: TOTAL 2021/22 Activities in furtherance of organisation's objects 3 |
TOTAL 2020/21 £ - - - - TOTAL 2021/22 Nil |
|---|---|
The Charity employs staff on a self-employed basis and is therefore not subject to Taxation or National Insurance Costs.
14. TRUSTEES AND OTHER RELATED PARTIES
During the financial year Trustee Pamela Maunsell received £5,850 (2021/20:£700.00) in relation to the rent of the land in Winestead in furthering the Charity's objects.
No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.
15. RISK ASSESSMENT
The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
16. RESERVES POLICY
The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.
17. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
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