**The Cat Welfare Group Ltd The Cat Welfare Group Report and Financial Statements Report and Unaudited Financial Statements 31 December 202031 December 2020** **Charity number: 1189649 / Company registration number: 12262212** ## **The Cat Welfare Group Ltd** ## **Contents** ||**Page**| |---|---| |Reference and Administrative Details|1| |Trustees’ Report|2 - 9| |Independent Examiner’s Report to the Trustees|10| |Statement of Financial Activities|11| |Balance Sheet|12| |Statement of Cash Flows|13| |Notes to the Financial Statements|14 - 20| ## **The Cat Welfare Group Ltd** ## **Reference and Administrative Details** |**Charity number:**|1189649| |---|---| |**Company registration number:**|12262212 (England and Wales)| |**Registered office to 24 March 2021:**|90 Middle Mead| ||Hook| ||Hampshire| ||RG27 9NX| |**Registered office from 24 March 2021:**|23 Leafy Lane| ||Fareham| ||Hampshire| ||PO15 7HL| |**Operational address:**|23 Leafy Lane| ||Fareham| ||Hampshire| ||PO15 7HL| |**Trustees:**|Ms Charlotte O’Dea (Chair) – appointed 15 October 2019| ||Mr Robert Baynes – appointed 15 October 2019| ||Mrs Kirsten Dillon – appointed 23 March 2020| ||Mr Peter Wort – appointed 23 March 2020| ||Mrs Angela Vulliamy – appointed 15 October 2019 &| ||resigned 18 January 2020| |**Company secretary:**|Ms Charlotte O’Dea| |**Senior management team:**|Miss Lorri Seymour – CEO| ||Mrs Bettina Harvey – Finance Director| |**Independent examiner:**|Morris Crocker| ||Station House| ||North Street| ||Havant| ||PO9 1QU| |**Bankers:**|Barclays Bank UK PLC| ||Leicester| ||LE87 2BB| Page 1 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** The trustees are pleased to present their report and the financial statements of the charity for the 15 month period ended 31 December 2020. The reference and administrative details set out on page 1 forms part of this report. The Cat Welfare Group is a charitable company limited by guarantee and the trustees confirm that their report and the financial statements comply with current statutory requirements, the company’s memorandum and articles of association and the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees’ report incorporates the directors’ report, as required by company law. ## **Objectives and Activities** ## **Charity objects** The objects of the charity, as set out in its Articles of Association, are to relieve the suffering and distress of cats, kittens and feral cats which are in need of care and attention by reason of abandonment, neglect, sickness, maltreatment or poor circumstances in Southern England by providing a rescue, fostering and rehoming service and veterinary treatment. ## **Our Mission, Vision & Values** Our vision, mission and values serve to provide direction and clarity to the work that we do. ## Vision Our vision is that every cat will enjoy life in a home where it is treated with respect and an understanding of its needs. ## Mission Our mission is to rescue stray or abandoned cats and kittens and to rehome them into secure and loving homes once they have undergone medical checks and treatment, and are old enough. In the case of feral cats, where they cannot be domesticated, we will neuter them, address any health concerns and return them to their natural home. ## Values Our core values are: - Cat welfare is at the heart of everything that we do. - - We treat all cats with respect and will never put a healthy or re-homeable cat to sleep. - We are indebted to our supporters and greatly value all donations given to us. - We value and respect our volunteers, volunteer staff, adopters and suppliers. - We pursue continuous improvement and excellence in what we do. - We are open and honest. Page 2 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** ## **Activities** The Cat Welfare Group was founded in October 2019 and is a charitable company run entirely by volunteers. ## Rehoming activities We rescue stray or abandoned cats and kittens and look to rehome these into secure and loving homes. A significant number of the cats and kittens are rescued from appalling circumstances or come to us with horrific injuries, requiring extensive veterinary treatment and expert care. Whilst in our care, the cats and kittens are looked after by one of our fosterers, either in a designated spare room in their home or in a purpose built cat pen. Many kittens have been born in our care and we have an experienced team that are also able to handrear abandoned kittens around the clock. All cats and kittens that are rehomed by the charity will receive a health check by a veterinary professional, worming treatment, vaccinations and will be microchipped and neutered. They will come with four weeks free insurance from Petplan and adopters receive a copy of our guide “Your new family member”, containing lots of useful information about bringing your new cat home and general advice about caring for your cat. The charity has an adoptions group on Facebook and provides ongoing support and advice to adopters and cat owners in general. ## Feral cat work It is estimated that there are in excess of one million feral cats in the UK. The word “feral” means members of a domesticated species that have reverted to living as wild animals. Whilst they are often mistaken for stray cats, ferals have little or no contact with humans and cannot be tamed. Despite their wild nature, feral cats still need a level of care. With many ferals living in colonies, the cat population can grow quickly. Neutering and returning the cats to their colony, also known as “trap, neuter and return”, stops continual breeding and can help to limit disease. In the case of feral cats, where they cannot be domesticated, we will neuter them, address any health concerns and either return them to their original home, if possible, or alternatively find a suitable new home. ## Lost & found cats Not knowing what has happened to their missing cat is often a source of great concern and sadness to cat owners. As well as rehoming unowned cats, we also return lost cats to their existing homes. This can sometimes involve super-sleuth work if the cats are not microchipped or if the microchip details are not up to date! In some cases, the cats will sadly have been victims of road traffic accidents, but our work can still provide their owners with some form of closure and peace of mind. We have provided many owners with advice on getting their lost or missing fury friend back home and have put together a short guide on our website. We even have a list of friendly tree surgeons for when cats need rescuing from rooftops or tall trees! ## **Public Benefit** The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when setting the charity’s objectives and planning its activities. Cats play a huge part in the lives of millions of people in the UK. By supporting cats, we are providing a benefit to owners and other people who come into contact with cats. We provide public benefit by: Page 3 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** - Assisting the local community, veterinary practices and local authorities by taking in and rehoming stray or abandoned cats and by controlling feral populations. - Assisting the local community by reuniting lost, found or injured cats with their owners. - Reassuring owners that their cats can be taken into our care and rehomed if they become incapable of looking after them either through illness, death or other reasons. - Assisting local authorities by taking in cats from multi-cat households. - Providing guidance and advice to cat owners to increase awareness of cat welfare. - Providing volunteering opportunities for those who wish to support our work. ## **Volunteers** The Cat Welfare Group is run entirely by volunteers who receive no payment for their work, apart from the reimbursement of expenses. As at the end of 2020, the charity had in excess of 50 volunteers, including 25 fosterers that care for the cats and kittens whilst they are in our care. ## **Achievements and Performance** This report covers the charity’s first 15 months of operation and we totally exceeded all of our expectations in terms of the numbers of cats that we rescued and rehomed, and also the amount of funds that we raised in order to carry out this work. ## Rehoming activities We rehomed a total of 225 cats and kittens into secure and loving homes, and had 15 cats in our care as at the year-end. Amongst the cats and kittens that we rescued were some with horrific injuries, neglected and emaciated cats, older cats with underlying or untreated health conditions and abandoned kittens as small as 67 grams, all requiring expensive veterinary treatment and expert care. Cat welfare is at the heart of everything that we do and we pride ourselves in that we do the absolute best for every cat that comes into our care and that we did not turn away any cat on account of cost. The numbers above do not include those cats and kittens that we rescued that, despite our very best efforts, were simply too sick, too small or too fragile to survive. ## Feral cat work We trapped and neutered 6 feral cats and returned them to their natural home. Through the investment of time and patience, we were also successful in domesticating and socialising a number of very feisty feral / stray kittens that we were then able to rehome. ## Lost & found cats We reunited in excess of 60 lost cats with their owners. The cat that had been missing for the longest period of time was reunited with its family after 8 years and the cat that was located furthest away from its home was found 20 miles away. We provide advice to owners on getting their lost or missing fury friend back home on an almost daily basis. ## Volunteers The charity was established and is run entirely by a hugely dedicated and passionate team of volunteers. As at the end of 2020, the charity had in excess of 50 volunteers, including 25 fosterers. Volunteers provided an estimated 29,000 hours of their time and support during the period with an estimated value of £300,000. In accordance with the Charities SORP (FRS 102), this volunteer time is not recognised in the financial statements. Page 4 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** We are immensely proud that two of our volunteers were nominated for “Animal Charity Volunteer of the Year” in the Petplan & ADHC Animal Charity Awards 2021. ## Partnership working We consider that working collaboratively and in partnership with other organisations is essential to the success of our work as a charity and have outlined below some of the key partnerships that we developed during the period. Veterinary treatment is central to the activities of the charity and veterinary fees are the charity’s largest category of expenditure. We are supported by some outstanding veterinary practices and have successfully secured discounts on veterinary fees with all the practices that we use on a regular basis. We work together with Petplan who, since June 2020, have been providing four weeks free insurance to adopters who rehome a cat from us. When an adopter continues onto a full Petplan insurance policy for their cat, Petplan gives 10% of the premium back to The Cat Welfare Group and a further 10% each year the policy is renewed. We expect this source of income to grow over the coming years. We have developed good working relationships with a number of other smaller cat rescue centres that share our values and ethos. This has enabled us to share knowledge and resources, and has allowed us to call upon another rescue centre when our own feral spaces were full, and vice versa. ## **Financial Review** The company was incorporated on 15 October 2019 and the financial statements have been prepared in respect of the 15 month period ended 31 December 2020. The net income for the period was £21,963. ## **Income** The total income for the period was £154,700. The charity is very much reliant on the generous support of private individuals for its income. Corporate donations included gifts in kind of cat food by HiLife and Symply, valued at £9,300. The main sources of income are shown below: Page 5 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** The Covid-19 pandemic has had a profound effect on the global economy, on our daily lives and on the charity’s income generation potential. In particular, the charity has been unable to hold public events and stalls, as planned, as a way of broadening and increasing its range of supporters. ## **Expenditure** The total resources expended during the period year were £132,737, with £124,183 or 94% attributable to charitable expenditure and £8,554 or 6% on raising funds. The largest category of expenditure for the charity was veterinary fees, including medication costs, which accounted for £72,812 or 55% of all charitable expenditure. ## **Reserves policy** The trustees recognise the need to hold a prudent level of reserves to ensure that there is no significant disruption to The Cat Welfare Group’s charitable activities as a result of income volatility, any unforeseen reduction in income or unbudgeted additional expenditure. Having considered the financial and other risks facing the charity, the trustees have determined that The Cat Welfare Group should aim to establish and maintain free reserves (unrestricted funds excluding fixed assets) at a minimum level of 3 months cover of the charity’s annual expenditure, equating to £26,547. The charity has not yet been able build its reserves to this level and had free reserves of £17,799 as at 31 December 2020. ## **Risk management** The trustees have responsibility for the oversight of risk management and consider the risks affecting the charity and its activities as part of their meetings. The Cat Welfare Group has a formal risk management process to identify and record risks within a risk register. Risks are recorded in the risk register together with mitigation measures and given an overall score based on impact and likelihood. The risk register is maintained by the senior management team and is reviewed at least on a 6 monthly basis by the trustees. The key risks and uncertainties facing the charity are outlined below: - Insufficient income / cash / reserves leading to the charity having to turn away stray or abandoned cats and being unable to pay its bills. - Damaging media or social media allegations leading to reputational damage and loss of income. - Insufficient volunteers leading to the inability to provide enough foster homes for all stray or abandoned cats and to run the charity effectively. ## **Strategy and Plans for the Future** In our first 15 months of operation we totally exceeded all of our expectations in terms of the number of cats that we rescued and rehomed, and also the amount of funds that we raised in order to carry out this work. Our focus for 2021 is on consolidation and the establishment of solid foundations to support the future of the charity. Our core values encompass cat welfare, continuous improvement and excellence, and we want to be seen as the “best in class”. Accordingly, we want to focus as much on the quality of our rehoming activities and the experience for the adopter, as on the number of cats that we rehome. Page 6 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** We have outlined our plans for 2021 below: ## **2021 Annual Plan** **Our Vision** Every cat will enjoy life in a home where it is treated with respect and an understanding of its needs **Focus for 2021** Consolidation and the establishment of solid foundations to support the future of the charity **----- Start of picture text -----**
Strategic Objectives
Investment in the
Activities Income / finances
charity’s infrastructure
Key Actions
**----- End of picture text -----**
|||| |---|---|---| |Continue to rehome the cats
and kittens that come into our
care, focusing as much on the
quality of our rehoming
activities as on the number of
cats that we rehome
Continue to undertake trap,
neuter and return activities to
help manage the welfare of the
feral cat population
Grow our team of fosterers
and train more fosterers in the
hand-rearing of kittens
Consider setting up a formal
cat guardian scheme
Continue to work with and
cultivate existing partnerships
and develop new partnerships|Increase our adoption fees
from 1 January 2021
Focus on increasing regular
giving, providing the charity
with a more secure source of
monthly income
Access new forms of funding,
such as grant income and the
Fareham Community Lottery
Increase public awareness of
the charity to broaden and
increase our range of
supporters
Build up the charity’s reserves
in line with the reserves policy
Consider expanding our
merchandise sales|Purchase 7 new cat pens
Purchase a van for the
transportation of cats and
supplies| ## **Structure, Governance and Management** ## **Governing document** The Cat Welfare Group is a charitable company limited by guarantee, incorporated on 15 October 2019 and registered as a charity with the Charity Commission on 26 May 2020. The company was established under a Memorandum of Association and is governed by the terms of its Articles of Association. New Articles of Association were adopted on 25 March 2020 and amended on 12 August 2020. In the event of the company being wound up, the Articles of Association restrict the liability of each member to £10. Page 7 ## **The Cat Welfare Group Ltd** ## **Trustees’ Report for the Period Ended 31 December 2020** ## **Governance** The Cat Welfare Group is governed by the board of trustees. The trustees are also the members and directors of the company. No trustees are paid for their time and the board consists of a least three members with no maximum number. Our trustees are drawn from the community and offer a range of skills and experience essential to the good governance of the charity. Trustees are appointed by the passing of an ordinary resolution at a general meeting. On appointment, trustees are given an overview as to the current status of the charity by the senior management team and are provided with a copy of the Charity Commission’s guidance CC3, “The essential trustee: what you need to know, what you need to do”, and online access to the charity’s policies. The trustees have ultimate responsibility for governing the charity and directing how it is managed and run, including responsibility for the strategic direction of the charity and its financial management. The board of trustees delegates responsibility for the day-to-day operations of the charity to the senior management team. The trustees meet at least four times per year to discuss and consider strategic, financial and other matters. The Chief Executive Officer and Finance Director will also attend these meetings, but have no voting rights. The trustees who served during the period and on the date that this report was approved are shown under reference and administration details on page 1. ## **Statement of Responsibilities of the Trustees** The trustees (who are also the directors of the charity for the purposes of company law) are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial period, which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities Statement of Recommended Practice (SORP); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 8 The Cat Welfare Group Ltd Trustees. Report for the Period Ended 31 December 2020 Independent examlner Morris Crocker appointed as independent examiner to the charitable company during the period and have expressed their willingness to continue in this capacity. A resolUt￿n to re-appoint Morris Crocker as independent examinerwill be proposed at the annual gerETrl r￿lIng. Small company speclal provlsions The trustees. report has been prepared in ac￿rdanCe wilh the speck21 provisions of Part 15 the Companies Act 2006 relating to small companies. Approved by the trustees on 24 March 2021 and sujned on their behalf by Ms Chadotte O'Dea Chair of trustees Page 9 The Cat Welfare Group Ltd Independent Examiner's Report to the Trustees of The Cat Welfare Group Ltd Independont frxaminerfs report to the trustees of The Cat Wglfaro Group Ltd {"the Gompany") I report to the charity trustees on my examination of the financial statements of the company for the period ended 31 Décember 2020. Responslbilities and basis ot report As th8 charity's Iruslees ofthe Company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordanee with the requiremonts of the Companies Act 20061.the 2006 Acl'l. Having satisfied myself that the financial statements of the company are not re4uiTed to be audited under Part 16 of the 2006 Act and are eligible for independent 8xamination, I report in raspect of my examination of your charity's fin8ncial statements as Ca￿led out under section 145 of the Charities Act 2011 (Yhe 2011 Act"). In carrying out my examination I have followed the D1￿ct￿)￿S gNen by the Charity Commission under section 14515} Ib) of the 2011 Act. Indepond•nt 8xamin•rfs statement I have wmpleted my examination. I confimi that no matters have come lo my attention in connectlon wlth the examinati￿ giwng me cause to beli¢ve- accountng records were not kept in respect of the company as raquiwl by seclion 386 of the 2006 Act,. or the financial stat8m8nls do not accord with those records- or the financial stslemenls do not with the accounting requirements of Sèction 396 of the 2006 Act other than any requirement that th8 financial statements give a true and fair view which is not a matter considetsd as part of an independent examination., or the finanaal stalamenls have not betrn prepared in accordance with the methods and principles of the Slalement of Recommended Practice for accounting and reporting by charilies lapplicable lo Charit￿$ preparing their financial statements in accordance wf(h the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)). I have no concems and have come across no other matters in connaclion with the examination lo which ienlion should be drawn in this report in order to enable a proper understanding of the financial statements tri be reached. P Underwo¢xl FCCA Morris Crocker Chartered Accountants Station House North Slre8t Havanl Hampshire P09 1QU Page 10 ## **The Cat Welfare Group Ltd** ## **Statement of Financial Activities (incorporating an Income and Expenditure Account) for the 15 Month Period Ended 31 December 2020** |||**15 months**| |---|---|---| |||**to 31/12/20**| |||Unrestricted| |||funds| ||Note|**£**| |**Income from:**||| |Donations and legacies|3|**123,358**| |Charitable activities|4|**16,635**| |Other trading activities|5|**14,707**| |**Total income**||**154,700**| |**Expenditure on:**||| |Raising funds||**8,554**| |Charitable activities||**124,183**| |**Total expenditure**|6|**132,737**| |**Net income and net movement in funds**|7|**21,963**| |**Reconciliation of funds:**||| |Total funds brought forward||**-**| |**Total funds carried forward**|15|**21,963**| All income and expenditure relates to continuing activities. All gains and losses recognised in the period are included in the statement of financial activities. The notes on pages 14 to 20 form an integral part of these financial statements. Page 11 The Cat Welfare Group Ltd Balance Sheet as at 31 December 2020 2020 Note Flxed assets Tangible assets 4,164 Current assets Stock Debtors Cash at bank and in hand 12 13 7.934 2.670 Totsl Current assets 31252 Liabilities Credilors.. amunts falling due within one year 14 13A53 Net current assets Net assets 21.963 Funds Unrestricted funds 21,963 Total charfty funds 21,963 The company was entrfed to exempti￿ from audit under seLtion 477 ofthe compan￿ A¢t 20(￿. The members have not reqLbired the company to obtain an audit for the pericKI in question in accordance with section 476 of the Companies Act 20(6. The trustees acknowledge their responsibiliknes for comptying with the requiremerts of the Act wth respect to accounting records and preparation of financial statements. The financial statements have teen prepared in accordan￿ with the provisions applicable to enlrtses subject to the small companies regime. The notes on pages 14 to 20 lo￿ an integral part ofthese financial staiements. The financial statements were approved by the tTUStees on 24 March 2021 and signed on their behalf by Ms Chartotte O'Dea Chair of tnjstees Company registration numter. 12262212 Page 12 ## **The Cat Welfare Group Ltd** ## **Statement of Cash Flows for the 15 Month Period Ended 31 December 2020** |**Cash flows from operating activities:**
Net income for the reporting period
(as per the statement of financial activities)
Adjustments for:
Depreciation charges
(Increase) / decrease in stock
(Increase) / decrease in debtors
Increase / (decrease) in creditors
**Net cash provided by operating activities**
**Cash flows from investing activities:**
Purchase of tangible fixed assets
**Net cash used in investing activities**
**Increase in cash and cash equivalents in the period**
Cash and cash equivalents at the beginning of the period
**Cash and cash equivalents at the end of the period**|**2020**
**£**
**21,963**
**577**
**(7,934)**
**(2,670)**
**13,453**| |---|---| ||**25,389**| ||**(4,741)**| ||**(4,741)**| ||**20,648**
**-**| ||**20,648**| The notes on pages 14 to 20 form an integral part of these financial statements. Page 13 **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **The Cat Welfare Group Ltd** ## **1. Accounting policies** ## **a) Basis of presentation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The company was incorporated on 15 October 2019 and the financial statements have been prepared in respect of the 15 month period ended 31 December 2020. The Cat Welfare Group meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. ## **b) Going concern basis of accounting** The financial statements have been prepared on the assumption that the charity is able to continue as a going concern. The trustees are of the opinion that the charity has adequate resources to continue to operate for the foreseeable future, being not less than one year from the date of approval of the financial statements. They have formed this opinion after considering the ongoing impact of Covid-19 on the charity’s income streams and its current and forecast financial positions. The charity is also able to adapt its cost base to cope with potentially lower levels of income and has a modest level of reserves and cash, meaning it will have sufficient resources to continue on a going concern through the disruption caused by Covid-19. For this reason, the trustees believe it is appropriate to prepare the financial statements on a going concern basis. ## **c) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably. Donations are recognised when receivable. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. Adoption fees are recognised at the point of adoption. Income from the sale of merchandise is recognised at the point of sale. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Gifts in kind and other donated assets for use by the charity are recognised at the point of donation and are included at the value of the gift received, being a reasonable estimate of the gross value to the charity. Gifts donated for resale are recognised at the point of sale at the actual value realised for the sale of the goods. Page 14 ## **The Cat Welfare Group Ltd** ## **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **1. Accounting policies (continued)** ## **d) Donated services** Donated professional services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. On receipt, donated professional services are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. ## **e) Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or which have been raised by the charity for a particular purpose. The Cat Welfare Group does not have any restricted funds. ## **f) Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. The charity is not registered for value added tax (VAT) and irrecoverable VAT is included with the expense item to which it relates. ## **g) Allocation of support and governance costs** Support costs are those associated with the general management of the charity, other than governance costs, that are not directly attributable to charitable activities or fundraising. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements. Support and governance costs have been allocated between the cost of raising funds and expenditure on charitable activities on the basis of volunteer time, where applicable, and otherwise on a 50:50 split. ## **h) Operating leases** Rentals payable under operating leases are charged to the statement of financial activities on a straight line basis over the term of the lease. ## **i) Tangible fixed assets and depreciation** Tangible fixed assets are recorded at cost or, in cases where fixed assets have been donated, at valuation at the time of acquisition. Items of equipment are capitalised where the purchase price exceeds £300. Depreciation of fixed assets is provided so as to write off the cost less estimated residual value of each asset on a straight line basis over its expected useful life, as follows: Cat rescue equipment 4 years Office & fundraising equipment 4 years Page 15 ## **The Cat Welfare Group Ltd** ## **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **j) Stock** Stock consists of purchased and donated goods for the charity’s own use and merchandise stock. Stock is included at the lower of cost and net realisable value. Donated items of stock are recognised at fair value which is the amount that the charity would have been willing to pay for the items on the open market. ## **k) Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **l) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **m) Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation relating to a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are usually recognised at their settlement amount after allowing for any trade discounts due. ## **n) Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method. ## **o) Accounting estimates and key judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. There are no accounting estimates that are considered to have a material impact on the amounts recognised in the financial statements. ## **2. Legal status of the charity** The charity is a company limited by guarantee and as such has no issued share capital. In the event of the company being wound up, the Articles of Association restrict the liability of each member to £10. Page 16 ## **The Cat Welfare Group Ltd** ## **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **3. Income from donations and legacies** ||**15 months**| |---|---| ||**to 31/12/20**| ||Unrestricted| ||funds| ||**£**| |Donations (including Gift Aid)|**88,269**| |Gifts in kind and donated services for charitable use|**35,089**| ||**123,358**| Gifts in kind include items donated off the charity’s Amazon Wish List, donations of cat food by HiLife and Symply, the printing of adoption brochures and other stationery, and contributions paid directly to the veterinary practice towards the charity’s vet bills. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. Volunteers gave an estimated 29,000 hours of their time during the period with an estimated value of £300,000. ## **4. Income from charitable activities** ||**15 months**| |---|---| ||**to 31/12/20**| ||Unrestricted| ||funds| ||**£**| |Adoption fees|**16,635**| ||**16,635**| ## **5. Income from other trading activities** ||**15 months**| |---|---| ||**to 31/12/20**| ||Unrestricted| ||funds| ||**£**| |Fundraising events|**10,496**| |Sale of merchandise|**3,818**| |Petplan commission|**393**| ||**14,707**| Page 17 ## **The Cat Welfare Group Ltd** ## **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **6. Total expenditure** |Fundraising expenses
Cost of merchandise
Veterinary fees & medication costs
Quarantine fees
Cat food
Cat activity toys & bedding
Pet consumables
Cat trapping, transport & other equipment
Rent
Waste collection & cleaning materials
Stationery & printing
T-shirts & clothing
Travelling expenses
Donations
Computer & software costs
Telephone & postage
Volunteer appreciation costs
Insurance
Independent examination fee
Bank charges
Sundry costs
Depreciation
Sub-total
Allocation of support & governance costs
**Total expenditure**|Raising
funds
£
3,822
1,523
554
115
6,014
2,540
**8,554**|Support &
**15 months**
Charitable
governance
**to 31/12/20**
activities
costs
**Total**
£
£
**£**
**3,822**
**1,523**
72,812
**72,812**
1,200
**1,200**
13,682
**13,682**
7,201
**7,201**
7,575
**7,575**
7,713
**7,713**
935
**935**
605
**605**
1,678
222
**1,900**
1,051
**1,605**
2,827
**2,827**
2,790
**2,790**
2,156
**2,156**
560
900
**1,460**
731
**731**
444
**444**
660
**660**
21
**21**
252
246
**498**
205
257
**577**
121,086
5,637
**132,737**
3,097
(5,637)
**-**
**124,183**
**-**
**132,737**|Support &
**15 months**
Charitable
governance
**to 31/12/20**
activities
costs
**Total**
£
£
**£**
**3,822**
**1,523**
72,812
**72,812**
1,200
**1,200**
13,682
**13,682**
7,201
**7,201**
7,575
**7,575**
7,713
**7,713**
935
**935**
605
**605**
1,678
222
**1,900**
1,051
**1,605**
2,827
**2,827**
2,790
**2,790**
2,156
**2,156**
560
900
**1,460**
731
**731**
444
**444**
660
**660**
21
**21**
252
246
**498**
205
257
**577**
121,086
5,637
**132,737**
3,097
(5,637)
**-**
**124,183**
**-**
**132,737**| |---|---|---|---| ||||**132,737**
**-**| ||||**132,737**| Total governance costs were £680 and include the independent examination fee. ## **7. Net movement in funds** Net movement in funds is stated after charging: ||**15 months**| |---|---| ||**to 31/12/20**| ||**£**| |Depreciation|**577**| |Operating lease payments|**1,155**| |Independent examination fee|**660**| Page 18 **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **The Cat Welfare Group Ltd** ## **8. Staff costs and numbers** The charity is run entirely by volunteers and does not employ any staff. The key management personnel of the charity comprise the trustees, the Chief Executive Officer and the Finance Director. ## **9. Trustees** None of the trustees have been paid any remuneration or received any other benefits from the charity. Travel expenses amounting to £124 were reimbursed to one trustee in connection with voluntary work carried out on behalf of the charity. The charity’s insurance policy includes directors’ liability insurance. ## **10. Taxation** The charity is exempt from corporation tax as all of its income is charitable and is applied for charitable purposes. ## **11. Tangible fixed assets** |**Cost**
At 15 October 2019
Additions in period
**At 31 December 2020**
**Depreciation**
At 15 October 2019
Charge for the period
**At 31 December 2020**
**Net book value at 31 December 2020**|Cat rescue
equipment
£
-
704
**704**
-
205
**205**
**499**|Office &
fundraising
equipment
£
-
4,037
**4,037**
-
372
**372**
**3,665**|**Total**
**£**
**-**
**4,741**| |---|---|---|---| ||||**4,741**| ||||**-**
**577**| ||||**577**| ||||**4,164**| ## **12. Stock** |Purchased and donated goods for the charity’s own use
Merchandise stock|**2020**
**£**
**7,603**
**331**| |---|---| ||**7,934**| Page 19 ## **The Cat Welfare Group Ltd** ## **Notes to the Financial Statements for the Period Ended 31 December 2020** ## **13. Debtors** |Prepayments
Accrued income
**14.**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals
Other creditors
**15.**
**Movements in funds**
Funds brought forward at 15 October 2019
Income
Expenditure
Funds carried forward at 31 December 2020|**2020**
**£**
**437**
**2,233**| |---|---| ||**2,670**| ||**2020**
**£**
**3,602**
**8,551**
**1,300**| ||**13,453**| ||**2020**
**£**
**-**
**154,700**
**(132,737)**| ||**21,963**| ## **16. Commitments under operating leases** The charity had operating leases at the year-end with total future minimum lease payments as follows: |Amount falling due:
Within one year
Between one and five years|**2020**
**£**
**560**
**51**| |---|---| ||**611**| ## **17. Related party transactions** There were no related party transactions in the current period. Page 20 ## **Contact us** **info@thecatwelfaregroup.org https://thecatwelfaregroup.org**