REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
FOR
THE RESCUE HOTEL
Evans Entwistle CHARTERED MANAGEMENT ACCOUNTANTS & TAX ADVISORS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Trustees | 2 |
| Report of the Independent Examiner of the Trustees | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 |
| Report of the Accountants | 11 |
| Analysis of Income and Expenditure | 12 |
LEGAL AND ADMINSTRATIVE INFORMATION FOR THE YEAR ENDED 31ST MARCH 2024
REGISTERED NUMBERS:
Registered Charity Number 1189079
DIRECTORS AND TRUSTEES
The directors of the charity are its Trustees, for the purpose of charity law and throughout this report they are collectively referred to as Trustees.
The Trustees who served during the year under review and since the year end were as follows:-
Victoria Acreman Mathew Acreman Alexandra Milakovic Greta Sullivan Haley Perkins (appointed 08/08/2023) Andrew Plain (appointed 08/08/2023) Fraser Lewis (resigned 26/06/2023)
PRINCIPAL ADDRESS AND REGISTERED OFFICE
C/o Cardiff Dogs Home Westpoint Industrial Estate Penarth Road Cardiff CF11 8JQ
INDEPENDENT EXAMINER
Damian Evans Evans Entwistle Chartered Management Accountants and Tax Advisers Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
BANKERS
NatWest 250 Bishopsgate London EC2M 4AA
1
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31st March 2024.
Legal and administrative information set out on page 1 forms part of this report.
The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities.
OBJECTS AND PRINCIPAL ACTIVITIES OF THE CHARITY
The Rescue Hotel was formed in 2019 to support rescue dogs at the Cardiff Dogs Home. The objects of the charity are:
1) For the public benefit to promote humane behaviour towards dogs in Cardiff and the Vale of Glamorgan through the provision of funding, items, services and support to assist Cardiff Dogs Home in it's work to provide appropriate care, protection, treatment and security for dogs which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to rehome such dogs.
2) To advance the education of the public in matters pertaining to responsible dog ownership and the prevention of cruelty and suffering among dogs.
The principal activities of the charity are to raise funds to support the hundreds of dogs who find themselves at the Cardiff Dogs Home. The principal use of these funds:
-
Provide food
-
- Veterinary care
-
- Training classes
-
Any required building improvements to the dogs home
ORGANISATIONAL STRUCTURE GOVERNANCE AND MANAGEMENT
On a day to day basis The Rescue Hotel is managed by a team of volunteers who fulfil a number of roles including:-
Chairman The Board Fundraising
The management team of the organisation meet on a monthly basis.
There are no sub-committees to the board.
TRUSTEE / MANAGEMENT RECRUITMENT AND TRAINING
The founding Trustees of the organisation were recruited from a group of volunteer dog walkers from the Cardiff Dogs Home.
2
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
All Trustees are provided with the legal and regulatory information regarding their responsibilities on recruitment.
RISK MANAGEMENT AND RESERVES POLICY
The organisation commenced the year with a surplus of £382,767 and ended the year with a surplus of £584,544. The operating performance of the charity is set out on pages 6 to 10.
The Trustees recognise the need to manage the key financial risks. The key risks are identified as:-
a. non-expansion in diversity of income base;
ACTIVITIES AND ACHIEVEMENTS FOR 2023/24 AND COMMITMENTS FOR 2024/25
The Trustees recognise a number of key achievements in 2023/24 and commitments for 2024/25 and these include:-
-
688 dogs taken into the facility and supported with 232 returned to owner and 290 successfully adopted
-
The veterinary suite administering 2,472 vaccinations and neutering 943 dogs
-
306 Cardiff Dogs Home dogs neutered and 69 life changing surgeries provided
-
Exceeded fundraising target of £500,000 to refurbish the kennels
-
Appointed two new Trustees focusing on Education and Governance
-
Held first Bark in the Park community event with over 1500 people in attendance
-
Phase 1 of the kennel refurbishment which will see the current stable block extended and changed from having 4 kennels to 11 kennels was started in late 23/24 and will be completed in 24/25
-
Phase 2 of the kennel refurbishments of replacing 40 kennels in the main block with 34 kennels will start in 24/25
-
Apply for planning permission and funding to build 3 secure exercise facilities on land adjacent to Cardiff Dogs Home in 24/25
-
Start our education program in schools helping children to understand the basics of responsible behaviour around dogs in 24/25
VOTE OF THANKS
The board would like to express its thanks to the following for their support:-
The Cardiff Dogs Home Valleys Dog Behaviour and Training Pets At Home Association of Dogs and Cats Home (ADCH) Pets Foundation Evans Entwistle Burns Magnet & Steel BECT Capital Contrusction Trianing Group Knox & Wells Ltd Kingfisher Developments
3
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP).
The trustees are responsible for preparing the financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:
-
a. select suitable accounting policies and then apply them consistently;
-
b. observe the methods and principles in the Charities SORP
-
c. make judgements and estimates that are reasonable and prudent
-
d. state whether the applicable UK accounting standards have been followed, subject to any material departures and explained in the financial statements
-
e. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The Trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
In Planning our activities for the period we kept in mind the Charity Commissions guidance on public benefit at our Trustees meetings.
On behalf of the Board
Victoria Acreman Chair
Date: 03 Sep 2024
4
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024
I report on the accounts of The Rescue Hotel for the year ended 31st March 2024 which are set out on pages 6 to 10.
RESPECTIVE RESPONSIBILITIES OF TRUSTEE AND EXAMINER
The Trustees (who are also the directors of the company for the purpose of company law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this period under s145 of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
a. examine the accounts under s145 of the 2011 Act;
-
b. to follow the procedures laid down in the General Directions given by the Charity Commission under s145(5) of the 2011 Act; and
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c. to state whether particular matters have come to my attention
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried our in accordance with the General Directions given by the Charity Commission. My examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes a consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as 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.
Damian Evans BSc (Hons) FCMA CGMA Evans Entwistle Independent Examiner Villa House 7 Herbert Terrace Penarth Vale of Glamorgan CF64 2AH
5
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024
| Notes INCOMING RESOURCES Incoming resources from generated funds Donations 4 Activities for Generating Funds Event Income Incoming resources from charitable activities Fundraising Other incoming resources Other income Sales Interest Income TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generating funds Charitable Activities 5 Governance TOTAL RESOURCES EXPENDED Net Surplus / (Deficit) for the period Surplus B/Fwd Transfer from general fund Surplus C/Fwd |
Mar 2024 Un- restricted Restricted Total 120,181 214,949 335,130 7,467 - 7,467 - - - - - - 17,538 - 17,538 - - - 145,186 214,949 360,134 124,610 33,748 158,358 - - - 124,610 33,748 158,358 20,576 181,201 201,776 195,207 187,560 382,767 - - - 215,783 368,761 584,544 |
Mar 2023 |
|---|---|---|
| Un-restricted Restricted Total 224,153 24,030 248,183 530 - 530 - - - - - - 11,613 - 11,613 - - - |
||
| 236,296 24,030 260,326 |
||
| 82,878 2,436 85,314 - - - |
||
| 82,878 2,436 85,314 |
||
| 153,418 21,594 175,012 41,789 165,965 207,754 - - - |
||
| 195,207 187,560 382,767 |
6
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31ST MARCH 2024
| Notes FIXED ASSETS CURRENT ASSETS Trade Debtors 8 Other Debtors Stock Cash at bank and in hand CREDITORS:Amounts falling due within one year: Other Creditors NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS:Amounts falling due after more than one year RESERVES Unrestricted Funds 9 Restricted Funds 9 |
2024 £ £ 151 492 10,014 5,000 569,006 584,512 117 584,394 584,544 - 584,544 215,783 368,761 584,544 |
2023 | 2023 |
|---|---|---|---|
| £ 492 10,014 5,000 569,006 |
£ 2,863 2,210 5,000 372,092 |
£ 604 382,165 |
|
| 584,512 117 |
382,165 - |
||
| 382,769 - |
|||
| 382,769 | |||
| 195,208 187,561 |
|||
| 382,769 |
ON BEHALF OF THE BOARD OF TRUSTEES:
Victoria Acreman TRUSTEE Haley Perkins TRUSTEE
Mathew Acreman TRUSTEE Andrew Plain TRUSTEE
Greta Sullivan TRUSTEE
Alexandra Milakovic TRUSTEE
7
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
1. STATUTORY INFORMATION
Cardiff Dogs Home, The Rescue Hotel is a charity, registered in England and Wales, registration number 1189079. The registered office is Cardiff Dogs Home, Westpoint Industrial Estate, Penarth Road, Cardiff, CF11 8JQ
2. COMPLIANCE WITH ACCOUNTING STANDARDS
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3. ACCOUNTING POLICIES
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Presentation Currency
The accounts are presented in £ sterling.
Resources Expended
Resources expended are allocated in the Statement of Financial Activities on an accrual basis exclusive of VAT, or inclusive where VAT cannot be recovered.
Cost of Generating Funds
These include the costs of fundraising.
Charitable Activities
Support costs are allocated between direct charitable expenditure and support costs on accruals basis, inclusive of any VAT that cannot be recovered.
Governance Costs
These include the costs of external scrutiny and costs associated with constitutional and statutory requirements.
Fund Accounting
Funds held by the charity are either:-
Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.
Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the Donor or when funds are raised for particular restricted purposes.
Liabilities
The financial statements are prepared on an accrual basis thus recognising all liabilities when the charity has committed itself to an expense or contractual obligation.
Income
All income resources are accrued when received.
4.
DONATIONS
| Pets At Home Meditemp Centurion Association of Dogs and Cats Home Facebook Donations Web Donations Other Donations |
Donations 180,000 12,000 12,000 1,500 1,821 23,703 105,606 |
|
|---|---|---|
| 336,630 |
8
The notes form part of the financial statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
5. RESOURCES EXPENDED - CHARITABLE ACTIVITIES
| Direct Costs Advertising & Promotion Merchandise Printing, Postage & Stationery Purchases Increase/Decrease Stock Raising Funds Vet Practice Dog Food Kennels Support Costs Accountancy Depreciation Dog Costs Expensed Equipment Insurance Interest Payable IT Expenses Motor Expenses Office Costs Payroll Costs Printing, Postage & Stationery Professional Fees Repair & Maintenance Subscriptions Sundry Expenses Telephone & Internet Vet Costs |
Un-restricted Funds 1,634 9,929 1,522 1,554 - 9,288 - 1,200 453 7,950 1,220 656 511 1,853 830 713 25,244 1,230 5,038 568 429 110 870 51,809 124,610 |
Restricted Funds - - - - - 76 10,366 23,306 - - - - - - 33,748 |
Total 1,634 9,929 1,522 1,554 - 9,288 76 10,366 23,306 1,200 453 7,950 1,220 656 511 1,853 830 713 25,244 1,230 5,038 568 429 110 870 51,809 |
|---|---|---|---|
| 158,358 |
6. STAFF COSTS
No Trustees received remuneration during the current period. No trustees were reimbursed expenses. Payroll expenses of £25,244 were paid during the year.
7. TAXATION
The Charity is exempt from Corporation Tax on its charitable activities.
8.
DEBTORS
| Trade Debtors Other Debtors |
2024 492 10,014 10,505 |
2023 2,863 2,210 |
|---|---|---|
| 5,073 |
9
The notes form part of the financial statements
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fund Balances as at 31st March 2024 Net Current Assets Total Net Assets |
Un-restricted Funds 215,783 215,783 |
Restricted Funds 368,761 368,761 |
Total 584,544 |
|---|---|---|---|
| 584,544 |
10 The notes form part of the financial statements
REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF THE RESCUE HOTEL
In accordance with our terms of engagement and in order to assit you to fulfil your duties, we have compiled the financial statements of the charity for the Year ending 31st March 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position and the related notes from the accounting records and information and explanations that you have given us.
We have carried out this engagement in accordance with technical guidance issued by the Chartered Institute of Management Accountants and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Evans Entwistle Chartered Management Accountants Villa House 7 Herbert Terrace Penarth CF64 2AH
Dated: 03 Sep 2024
11
ANALYSIS OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST MARCH 2024
| Donations Event Income Sales INCOME Advertising & Promotion Merchandise Printing, Postage & Stationery Purchases Raising Funds Increase/Decrease Stock Vet Practice Dog Food Kennels DIRECT COSTS SURPLUS BEFORE EXPENSES Wages Pensions Staff Costs EMPLOYEE COSTS Accountancy Depreciation Expensed Equipment Interest Payable Insurance IT Expenses Dog Costs Office Costs Motor Expenses Printing, Postage & Stationery Professional Fees Repair & Maintenance Subscriptions Sundry Expenses Vet Costs Telephone & Internet OVERHEADS SURPLUS |
2024 £ % 335,130 93% 7,467 2% 17,538 5% 360,134 100% 1,634 0% 9,929 3% 1,522 0% 1,554 0% 9,288 3% - - 76 0% 10,366 3% 23,306 6% 57,675 16% 302,459 84% 25,004 7% 240 - - 25,244 7% 1,200 0% 453 0% 1,220 0% 511 0% 656 0% 1,853 1% 7,950 2% 713 0% 830 0% 1,230 0% 5,038 1% 568 0% 429 0% 110 0% 51,809 14% 870 0% 75,439 21% 201,776 56% |
2023 £ % 248,183 95% 530 0% 11,613 4% |
|---|---|---|
| 260,326 100% 3,137 1% 13,518 5% 1,910 1% 463 0% (5,000) (2%) 1,050 0% 1,386 1% - - |
||
| 16,464 6% |
||
| 243,863 94% |
||
| 15,268 6% 2,335 1% |
||
| 17,602 7% |
||
| 530 0% 453 0% - - 209 0% 2,759 1% 1,452 1% 2,279 1% 701 0% 1,805 1% 1,142 0% 5,382 2% 2,470 1% 234 0% - - 31,256 12% 577 0% |
||
| 51,248 20% |
||
| 175,012 67% |
12 This page does not form part of the Statutory accounts