ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
REN'S RESCUE
(Charitable Incorporated Organisation)
CHARITY REGISTRATION No: 1184052
Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL
Page 1 of 15
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
Page 2 of 15
REN'S RESCUE (Charitable Incorporated Organisation) LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
DATE OF REGISTRATION
START OF FINANCIAL YEAR
END OF FINANCIAL YEAR
TRUSTEES AT 5TH APRIL 2024
1184052 24th June 2019 6th April 2023 5th April 2024 Lisa Scarlett Ethan Scott Pamela Maunsell Beverley Nilsson (Appointed on 05/01/2024)
LEGAL STATUS
Charitable Incorporated Organisation
GOVERNING INSTRUMENT
CIO - Foundation Registered 24th June 2019
OBJECTS
- 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
Rose Garth Hull Road Keyingham Hull HU12 9ST Lloyds Bank Plc 25 Gresham Street London EC2V 7HN
INDEPENDENT EXAMINERS
Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL
Page 3 of 15
REN'S RESCUE (Charitable Incorporated Organisation) TRUSTEES' REPORT FOR THE YEAR ENDED 5TH APRIL 2024 Animals
During the year 2023/24 we admitted 504 animals to our care which is approximately a 60% increase on the previous year’s admission. The mix of animals was much the same as usual with birds being the most frequently admitted. After birds came hedgehogs and then the usual mix of foxes, deer and rabbits.
Trustees
This year the board was joined by Beverley Nilsson bringing us back up to four members. All our Trustees are committed to steering the charity in the right direction and to ensuring the highest standards of governance.
We continue to look for more Trustees who can support our work in the areas of marketing and business development.
Fund-raising
The two shops continue to bring in an income but are not able to reach their full potential due to the lack of volunteers. We need to find another grant writing volunteer as a matter of urgency to replace our current one who is retiring.
Premises
Sadly, our planning application to use our land at Winestead to house the wildlife hospital was rejected by the Council. As a result we decided to upgrade some of the existing buildings at Rose Garth to ensure they can be used for the next few years but with the idea of moving on to small-holding.
Finance
Our income for the year ended 05/04/2024 was £74,397 (05/04/2023: £74,962) with expenditure of £77,459 (05/04/2023: £73,274) leaving us with a net income deficit over expenditure of £3,062 and a balance carried forward of £2,070 for the period ended 5th April 2024. Prior year carried forward reserves were used to cushion the income deficit over expenditure for year ended 5th April 2024.
Our shops provided the greatest gross income (£47k) but also our largest expenditure (£27k) even so they were our greatest source of income. Donations from Trusts and individuals brought in a further £10.5k, whilst medical bills (£4k) feed (£5k) and building work (£6.5k) were our largest expenses.
Going forward we need to focus on enhancing the profitability of our two shops and in producing more application for funding to Trusts.
Page 4 of 15
REN'S RESCUE (Charitable Incorporated Organisation) TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
Reserves Policy
The trustees have decided that holding just £2,000 reserves at any time is sufficient for the year ended 5th April 2024. This ensures the charity is able to meet its financial obligations, including covering day-to-day operational costs and ensuring a buffer for unforeseen circumstances. The policy is to be reviewed each financial year end.
Volunteers
Although the shop is fully staffed, we could do with a few more volunteers to help with sorting and to enable us to open seven days a week.
We were unable to find a regular onsite volunteer over the summer and this meant employing a part-time worker which was a substantial drain on our resources. Nevertheless, having a reliable and skilled employee meant we were able to help more animals and keep the Hospital in much better order.
Attendance at Sanctuary Sundays’ continued to be patchy this year and more thought must be given to making them more attractive to volunteers.
Conclusion
The Rescue continues to thrive but there are issues, particularly around volunteers, that need to be addressed as a matter of urgency
Trustees' Responsibilities
The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to:
Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
Prepare financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence.
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustee on: 10/01/2025
Signed on their behalf by Trustee……………………….
Printed Name: Pamela A Maunsell
Page 5 of 15
REN'S RESCUE
(Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5TH APRIL 2024
| 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 Funds £ Designated Funds £ Restricted Funds £ TOTAL 2023/24 £ TOTAL 2022/23 £ 27,565 - - 27,565 13,854 46,781 - - 46,781 60,837 51 - - 51 1 - - - - 270 |
|---|---|
| 74,397 - - 74,397 74,962 |
|
72,378 - - 72,378 67,469 3,533 - - 3,533 3,169 1,548 - - 1,548 2,636 |
|
| 77,459 - - 77,459 73,274 |
|
| -3,062 - - -3,062 1,688 5,132 - - 5,132 3,444 |
|
| 2,070 - - 2,070 5,132 |
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.
Page 6 of 15
REN'S RESCUE
(Charitable Incorporated Organisation)
BALANCE SHEET AS AT 5TH APRIL 2024
| Note FixedAssets Tangible Assets 2 Investments 7 TotalFixedAssets Current Assets Debtors&Prepayments 9 Cash at Bank and in Hand 8 Total Current Assets Creditors: Amounts falling year due within one 10 NETCURRENTASSETS TOTALASSETSless current liabilities Creditors: Amounts falling due inmorethan one year 11 NET ASSETS FundsoftheCharity General Funds Designated Funds 6 Restricted Funds 5 TotalFunds Approved by the Trustee on: 10/01/2025 |
Unrestricted Restricted Total Total Funds Funds 05-Apr-24 05-Apr-23 £ £ £ £ - - - 800 - |
|---|---|
| - - - 800 |
|
| 915 - 915 1,755 - 1,755 4,932 |
|
| 2,670 - 2,670 4,932 |
|
| 600 - 600 600 2,070 - 2,070 4,332 |
|
| 2,070 - 2,070 5,132 - - - - |
|
| 2,070 - 2,070 5,132 |
|
| 2,070 - 2,070 5,132 - - - - - - |
|
| 2,070 - 2,070 5,132 |
|
Signed on their behalf by Trustee………
Printed Name: Pamela A Maunsell
Page 7 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024
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.
Page 8 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
1. ACCOUNTING POLICIES (continued)
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.
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 £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 Motor Vehicle
25% - Reducing Balance Basis 33% - Straight Line Basis
Page 9 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
2. TANGIBLE FIXED ASSETS
| Cost 06-04-23 Additions Net Book Value at 05-04-24 Depreciation B/fwd 06-04-23 Depreciation Charge Depreciation at 05-04-24 Net Book Value 05-04-24 Net Book Value 06-04-23 |
Motor Vehicles Fittings & Equipment Total 2023/24 £ £ £ 2,400 - 2,400 |
|---|---|
| 2,400 - 2,400 |
|
| 1,600 - 1,600 800 - 800 |
|
| 2,400 - 2,400 |
|
| - - - |
|
| 800 - 800 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows:
5th April 2024 : None
5th April 2023 : None
3. INCOMING RESOURCES
| 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 Funds £ Designated Funds £ Restricted Funds £ TOTAL 2023/24 £ TOTAL 2022/23 £ 27,565 - - 27,565 13,854 |
| 27,565 - - 27,565 13,854 |
|
| 313 - - 313 441 46,469 - - 46,469 60,396 |
|
| 46,781 - - 46,781 60,837 |
|
| 51 - - 51 1 |
|
| 51 - - 51 1 |
|
| - - - - 270 |
|
| - - - - 270 |
Page 10 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
4. RESOURCES EXPENDED
| Note a) Cost of Charitable Activities Advertising & Publicity Bank Charges Cleaning Costs Depreciation Expense Equipment Costs Medical Costs Fundraising Costs Insurance Costs Licenses & Subscriptions Motor Vehicle Expenses Office Costs Rent & Rates Repairs & Maintenance Staff Costs 13 Sundry Expenses Software Stationery and printing 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 Funds £ Designated Funds £ Restricted Funds £ TOTAL 2023/24 £ TOTAL 2022/23 £ 433 - - 433 487 611 - - 611 214 425 - - 425 606 800 - - 800 800 2,163 - - 2,163 4,792 4,700 - - 4,700 5,311 39 - - 39 68 1,636 - - 1,636 1,809 96 - - 96 - 5,017 - - 5,017 6,919 1,038 - - 1,038 1,241 17,161 - - 17,161 13,516 8,893 - - 8,893 9,319 14,017 - - 14,017 7,142 - - - - 619 96 - - 96 53 297 - - 297 416 377 - - 377 629 192 - - 192 284 4,790 - - 4,790 9,310 8,797 - - 8,797 3,652 799 - - 799 283 |
|---|---|
| 72,378 - - 72,378 67,469 |
|
| 3,533 - - 3,533 3,169 |
|
| 3,533 - - 3,533 3,169 |
|
| 600 - - 600 600 948 - - 948 2,036 |
|
| 1,548 - - 1,548 2,636 |
Page 11 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
5. RESTRICTED FUNDS
The CIO held no restricted funds during this or the previous financial year.
6. DESIGNATED FUNDS
The CIO held no designated funds during this financial year.
7. INVESTMENTS
The CIO held no fixed assets investments during this or the previous financial year.
Page 12 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
8. CASH AT BANK AND IN HAND
| 8. CASH AT BANK AND IN HAND | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | TOTAL | |
| Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | |
| Cash at Bank & in Hand | 1,755 | 1,755 | 4,932 | |
| - | ||||
| 1,755 | - | 1,755 | 4,932 | |
| 9. DEBTORS AND PREPAYMENTS | ||||
| Unrestricted | Restricted | TOTAL | TOTAL | |
| Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | |
| 914.92 | - | 914.92 | - | |
| Prepayments | ||||
| 914.92 | - | 914.92 | - | |
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Unrestricted | Restricted | TOTAL | TOTAL | |
| Funds | Funds | 2023/24 | 2022/23 | |
| £ | £ | £ | £ | |
| Independent Examiners Fees | 600 | - | 600 | 600 |
| 600 | - | 600 | 600 |
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 |
Unrestricted Funds £ Restricted Funds £ TOTAL 2023/24 £ TOTAL 2022/23 £ - - - 800 2,070 - 2,070 5,132 |
|---|---|
| 2,070 - 2,070 5,932 |
Page 13 of 15
REN'S RESCUE (Charitable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 5TH APRIL 2024
13. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Staff who were engaged in each of the following activities: Activities in furtherance of organisation's objects |
TOTAL 2023/24 £ TOTAL 2022/23 £ 14,017 7,142 14,017 7,142 TOTAL 2023/24 £ TOTAL 2022/23 £ 3 3 |
|---|---|
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 £6,630.00 (2022/23:£11,814.00) 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.
Page 14 of 15
REN'S RESCUE (Charitable Incorporated Organisation) INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/ members of Ren’s Rescue on the accounts for the year ended 5th April 2024 set out on pages 6 to 14.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
-
state whether particular matters have come to my attention
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true’ and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Solutions Accountancy & Bookkeeping Ltd
1 The Mews Little Brunswick Street Huddersfield HD1 5JL
Date: 10/01/2025
Page 15 of 15