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2021-12-31-accounts

The Cat Welfare Group Ltd

Report and Financial Statements Year ended 31 December 2021 Charity number: 1189649 / Company number 12262212

THE CAT WELFARE GROUP LTD

REFERENCE AND ADMINISTRATIVE DETAILS

Charity number: 1189649
Company registration number: 12262212 (England and Wales)
Registered office: 23 Leafy Lane
Fareham
Hampshire
PO15 7HL
Operational address: 23 Leafy Lane
Fareham
Hampshire
PO15 7HL
Trustees: Mrs Tracy Howe (Chair)
Mr Robert Baynes
Mrs Kirsten Dillion
Mr Peter Wort
Company secretary: Mr Robert Baynes
Senior management team: Miss Lorri Seymour – CEO
Independent examiner: Knight Goodhead Limited
7 Bournemouth Road
Chandler’s Ford
Eastleigh
Hampshire
SO53 3DA
Bankers: Barclays Bank UK Ltd
Leicester
LE87 2BB

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees are pleased to present their report and the financial statements of the charity for the period ended 31 December 2021. 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:

Activities

The Cat Welfare Group was founded in October 2019 and is a charitable company run entirely by volunteers.

1

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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.

2

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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:

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 2021, the charity had in excess of 50 volunteers, including 26 fosterers that care for the cats and kittens whilst they are in our care.

Achievements and Performance

This report covers the charity’s operation for 2021 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

In total we rescued 298 cats and kittens, rehomed 226 cats and kittens into secure and loving homes, rehomed 45 cats and kittens via other rescues and had 19 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, 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 undertook working with several feral colonies (trapping and neutering, blood testing, ear tipping and microchipping) and returned them to their natural home. We continue to support these colonies by supplying food and any necessary veterinary treatment. 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

Every day we are called out by members of the public to stray cats for us to check for microchips, reuniting cats and owners daily. We also provide advice to owners on getting their lost or missing furry friend back home on a daily basis.

3

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Volunteers

The charity was established and is run entirely by a hugely dedicated and passionate team of volunteers. As at the end of 2021, the charity had in excess of 50 volunteers, including 26 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.

We are immensely proud that our CEO was 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 charity’s accounts are prepared for the 12 month period ended 31 December 2021. (2020: 15 months).

The trustees are pleased to report an increase in income to £244,265 (2020: £154,700) as the charity established itself further during its second financial period. This enabled the charity to increase its activities in line with its objectives. Expenditure increased to £166,426 (2020: £132,737) after a recovery of VAT amounting to £13,494 following the trustees receiving advice from a VAT specialist.

The charity made a surplus of £77,839 in the year (2020: £21,963), which has been added to funds brought forward.

4

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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 aims to establish and maintain free reserves (unrestricted funds excluding designated funds) at a minimum level of 3 months cover of the charity’s annual expenditure. Based on 2021 expenditure this equates to approximately £38,000. At 31 December 2021 free reserves stood at £40,981.

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:

Strategy and Plans for the Future

During 2021 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 2022 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.

We have outlined our plans for 2022 below:

5

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

----- Start of picture text -----
2022 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 2022
Consolidation and the establishment of solid foundations to support the future of the charity
Strategic Objectives
Investment in the charity’s
Activities Income/Finances
infrastructure
Key Actions
- Continue to rehome the cats - Focus on increasing regular - Purchase a second van to
and kittens that come into our giving, providing the charity with support our TNR work
care, focusing as much on the a more secure source of monthly
quality of our rehoming income
activities as on the number of
cats that we rehome - Increase public awareness of the
charity to broaden and increase
-
Continue to undertake trap, our range of supporters
neuter and return activities to
-
help manage the welfare of the Build up the charity’s reserves in
feral cat population line with the reserves policy
- Maintain 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
----- End of picture text -----

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.

6

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

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:

Robert Baynes Peter Wort Kirsten Dillon Tracy Howe Charlotte O’Dea (resigned 29 March 2022)

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:

7

THE CAT WELFARE GROUP LTD TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees are responsible for keeping proper account¥nE records which disc105e with ieasonable accuracyat any time the financial position of the charitsble company and enable them to ensure that the financial ststements compty wtth the Companies Act 211)6. They are a150 responsible for safeguarding the asset5 of the charitable c(wnpany and hence for taking reasonable steps tor the prevention and detection of fraud and other irregularitle5. Small ¢ompany pro¥lslons The tnsstee< report has been prepared in accordance with the special provssions of Part IS of the Companles Act ￿latthe to small companie5. Approved by the trustees on Tr19 112 and SI￿ on their behalf by Tracy Howe Chair of the tru5tee5

INDEPENDENT EXAMINERS REPORTTOTHETRUSTEES ON THE UNAUDITED ACCOUNTS OF THE CAT WELFARE GROUP LTD I report to the Charity trustees on my e¥aminatlon of the attounts of the company for the year ended 31 December 2021. whith are set out on pages 11 to 23. Res onslbllltles and basls of re As the charity'5 trustees land also its dlfectors for the purp05e5 of cornpany lawl you are responsible for the preparation of the accounts in accordance wlth the rèquirements of the Companles Act 2006 Ithe"2006 Act"). ort Havlng satisfled myself that the accounts of the company are not requlred to be audlted under Part 16 of the 2CL)6 Act and are eligible for independent examination, I report in respect of my examinatlon of your charfty's accounts a5 carried out under sectlon 145 of the Charltles Act 2011 (the '2011 Act'l. In carrylng out my examination I have lollowed the Directions 8lven by the Charlty Comm1551on under sectlon 14515llbl of the 2011 Act. Indè I have completed rny examination. I conflrm that no matter5 have come to my attentlon In connection wittt the examlnation giving me cause to believe.. 111 accountlng records were not kept In respect of the cornpany Bs requlred by sertlon 386 of the 2006 Act., or 121 the a¢¢ounts do not accord wlth those accountlng recor(Is; or 131 the a¢¢ounts dts not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and lair, vlew whSch1s not a matter considered as part ol an Independent examlnatlon,. or 141 the a¢counts have not been prepared In accordance wlth the methods and prlnclples of the 5tatemÈnt of Recommended practice for accounting and reportin8 by chadtie5 applicable to Charities preparinB their accounts in accordante with thÈ Financlal Reporting Standard applicable In the UK and Republic of Ireland IFAS 1021. I have no concems and have torne acros5 no other matters In connectlon wlth the examlnatlon to whlch attention should be drawn In thi5 report in order to enable a proper understanding of the account5 to be reached. J E Harris FCCA Knight Goodhead Llmlted Chartered Accountants 7 Bournemouth Road Chandler's Ford, £a5tlei8h Hampshire SOS3 3DA Date.. 2? SLP iL742L-I 2£322

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 (including Income and expenditure account)

Notes
INCOME
Voluntary income
3
Charitable activities
3
Other trading activities
3
TOTAL INCOME
EXPENDITURE
Charitable activities
TOTAL EXPENDITURE
4
Transfers between funds
11,12
NET MOVEMENT IN FUNDS FOR YEAR
FUNDS AT 1 JANUARY 2020
FUNDS AT 31 DECEMBER 2021
Fundraising costs
NET INCOME FOR YEAR		 Unrestricted
Funds
£
171,114
26,140
30,011
227,265
13,951
139,914
153,865
73,400
-
73,400
21,963
95,363		 Restricted
Funds
£
17,000
-
-
17,000
-
12,561
12,561
4,439
-
4,439
-
4,439		 2021
Total
Funds
£
188,114
26,140
30,011
244,265
13,951
152,475
166,426
77,839
-
77,839
21,963
99,802		 2020
Total
Funds
£
123,358
16,635
14,707
154,700
8,554
124,183
132,737
21,963
-
21,963
-
21,963

All of the above results are derived from continuing operations. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in notes 12 and 13 to the financial statements.

10

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2020

(including Income and expenditure account)

INCOME
Voluntary income
Charitable activities
Other Trading Activity
TOTAL INCOME
EXPENDITURE
Charitable activities
TOTAL EXPENDITURE
Transfers between funds
NET MOVEMENT IN FUNDS FOR THE YEAR
FUNDS AT 15 OCTOBER 2019
FUNDS AT 31 DECEMBER 2020
Fundraising costs
NET INCOME / (EXPENDITURE) FOR YEAR		 Unrestricted
Funds
£
123,358
16,635
14,707
154,700
8,554
124,183
132,737
21,963
-
21,963
-
21,963		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-		 2020
Total
Funds
£
123,358
16,635
14,707
154,700
8,554
124,183
132,737
21,963
-
21,963
-
21,963

11

THE CAT WELFARE GROUP LTD Icompany limited by guarantee and not having a share capttal) COMPAP4Y NUMBER: IZ262212 BALANCE SHEEf AS AT 31 DECEMBER 2021 2020 FIXED ASSETS Tangible f￿ed assets 14.382 4,164 CURRENT ASSETS Stock Debtors Cash at bank and in harn 7,934 1670 20.648 49,113 58361 115,782 31,252 CREDtfoRS'. amoufttsfallit)8 due tythinone year io 124.1791 113.4531 NEf CURRENT ASSErs 91.￿3 17,799 TOTAL A￿Er5 LESS CURRENT UA8ILmES 21,963 CREDThORS.' amountsdue after morethanoneyear li 16.1831 NET ASSET5 99.W2 21.963 FUND5 Restricted funds Un￿51￿cted fund5 Geneial lunds Designated funds 4439 13 13 40.981 54.382 21,963 TOTAL FUNDS 99.8Q2 21,963 For the fina￿131 period ended 31 December 2021. the cornpaDy was efiiitsed to exemption from audit under sertion 477 Companie5 Att 2￿." and no noticE ha5 been dep)sited under 5ettion 476. Thp dirÈttors acthowledge t￿lf reSpL￿s}bIlitieS lor ensu￿￿8 ih8t the company keep5 ac¢oufflir record5. whieh comply with section 386. and preparin8 accourrts, which gr¥e 3 and fair view of the state of affairs of the company as at the end of the ppriod and of tts income and expenditrJ*e for the fI￿ncl31 perM)d. in accorthrKe the requirements of section 394 395. and wh￿h othernvise ccffiply T￿th the retyirements of the Companies Art 2[￿ rdatiW to accoufits. 50 frdw as opplicableto CDmpanv. The accounts are prepared in a(cordarKe with thE special pmwgon5 of Part 15 of the CompaniE5 Act rektlngto small companies. Approved bythe board tsftrusteesoTr ai I912X and signed on its behalFby Mr5T Howe Trustee 12

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

2021
Notes
£
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES
1
52,078
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received
-
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of fixed assets
(13,865)
NET CASH FLOW
38,213
Change in cash and cash equivalents in the year
38,213
Cash and cash equivalent at start of the year
20,648
Cash and cash equivalents at the end of the year
2
58,861
NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER
1
2021
£
Net income for the year
77,839
Depreciation
3,647
(Increase)/decrease in stock
126
(Increase)/decrease in debtors
(46,443)
Increase/(decrease) in creditors
16,909
Net cash flow from operating activities
52,078
2
ANALYSIS OF CASH AND CASH EQUIVALENTS
2021
£
Cash at bank and in hand
58,861
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES		 2020
£
25,389
-
(4,741)
20,648
20,648
-
20,648
2021
2020
£
21,963
577
(7,934)
(2,670)
13,453
25,389
2020
£
20,648

13

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021

3
ANALYSIS OF CHANGES IN NET DEBT
Cash at bank and in hand
Debt due within one year
Debt due after one year		 At 1
Jan 2021
20,648
-
-
20,648		 Cash flows
38,213
-
-
38,213		 Non cash
movements
-
(817)
(6,183)
(7,000)		 At 31
Dec 2021
58,861
(817)
(6,183)
51,861

14

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 ACCOUNTING POLICIES

a) Accounting convention

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 in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity meets the definition of the 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.

The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue.

b) 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.

Grants are recognised in full in the statement of financial activities in the year in which they are receivable.

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

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.

15

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 ACCOUNTING POLICIES (continued)

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 se 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.

c) Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure include attributable VAT which cannot be recovered.

Fundraising costs relate to the costs incurred by the charitable company in raising funds for the charitable work.

Expenditure is allocated to the particular activity where the cost relates directly to that activity. 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.

d) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £300. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Cat rescue equipment 4 years straight line
Office & fundraising equipment 4 years straight line
Motor vehicles 4 years straight line

e) 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.

16

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 ACCOUNTING POLICIES (continued)

f) Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated.

g) Funds

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management costs and overheads.

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.

h) Operating lease commitments

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) 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.

2 LEGAL STATUS

The charity is a company limited by guarantee and has no share capital. The charitable company was incorporated on 15 October 2019 in England and Wales and was registered on 26 May 2020 with the Charity Commission in England and Wales. The charity is a public benefit entity.

The registered office of the charitable company is 23 Leafy Lane, Whiteley, Fareham, Hampshire PO15 7HL.

17

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

3 INCOME
DONATIONS AND LEGACIES
General donations
Gifts in kind and donated services
Total donations and legacies
CHARITABLE ACTIVITIES
Adoptions fees
Total charitable activities
OTHER TRADING ACTIVIITIES
Fundraising events
Sale of merchandise
Petplan commission
Total other trading activities
TOTAL INCOME		 Unrestricted
funds
£
141,818
29,296
171,114
26,140
26,140
24,920
3,857
1,234
30,011
227,265		 Restricted
funds
£
17,000
-
17,000
-
-
-
-
-
-
17,000		 2021
Total funds
£
158,818
29,296
188,114
26,140
26,140
24,920
3,857
1,234
30,011
244,265		 2020
Total funds
£
88,269
35,089
123,358
16,635
16,635
10,496
3,818
393
14,707
154,700

Gifts in kind include items donated off the charity’s Amazon Wish List, donations of cat food by Lily's Kitchen and As Soon As Possible Cats, 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.

18

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

4 EXPENDITURE
FUNDRAISING COSTS
Fundraising expenses
Cost of merchandise
T-shirts & clothing
Depreciation
Allocation of support costs
Total fundraising costs
CHARITABLE ACTIVITIES
Vet fees and medication
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
Company Van expenses
Telephone & postage
Sundry costs
Recoverable VAT
Depreciation
Allocation of support costs
Total charitable activities
SUPPORT & GOVERNANCE
Stationery & printing
Computer & software costs
Telephone & postage
Legal & Consulting
Volunteer appreciation costs
Insurance
Accountancy
Bank charges
Entertainment (100% Business)
Sundry costs
Depreciation
Allocation of support costs
Total support & governance
TOTAL EXPENDITURE		 Unrestricted
funds
£
4,418
1,639
441
502
6,951
13,951
77,732
-
27,786
7,638
8,638
7,676
887
1,417
910
743
3,301
115
6,848
668
165
(13,494)
388
8,496
139,914
155
628
-
7,477
2,044
530
1,390
352
114
-
2,757
(15,447)
-
153,865		 Restricted
funds
£
-
-
-
-
-		 2021
Total funds
£
4,418
1,639
441
502
6,951
13,951
90,293
-
27,786
7,638
8,638
7,676
887
1,417
910
743
3,301
115
6,848
668
165
(13,494)
388
8,496
152,475
155
628
-
7,477
2,044
530
1,390
352
114
-
2,757
(15,447)
-
166,426		 2020
Total funds
£
3,822
1,523
554
115
2,540
- 8,554
12,561
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 72,812
1,200
13,682
7,201
7,575
7,713
935
605
1,678
1,051
2,827
2,790
-
560
252
-
205
3,097
12,561 124,183
-
-
-
-
-
-
-
-
-
-
-
-		 222
2,156
900
-
731
444
660
21
-
246
257
(5,637)
- -
12,561 132,737

During the year the charity registered for VAT and recovered VAT on costs incurred since incorporation.

The independent examination fee included in accountancy amounted to £ (2020: £680).

19

THE CAT WELFARE GROUP LTD (Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

5 EMPLOYED 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.

One trustee was reimbursed expenses relating to animal medical costs of £13 (2020: travel costs of £124). No trustee received any remuneration in the current or prior year.

The charity's insurance policy includes directors' liability insurance.

6 TAXATION

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

7 TANGIBLE FIXED ASSETS

Motor
Vehicles
COST
At 1 January 2021
-
Additions in year
10,000
At 31 December 2021
10,000
DEPRECIATION
At 1 January 2021
-
Charge for the year
2,083
At 31 December 2021
2,083
NET BOOK VALUE
At 31 December 2021
7,917
At 1 January 2021
-
8
STOCK
Purchased and donated goods for the charity's own use
Merchandise stock		 Cat rescue
equipment
£
704
1,700
2,404
205
389
594
1,810
499		 Office and
fundraising
equipment
£
4,037
2,165
6,202
372
1,175
1,547
4,655
3,665
2021
£
7,114
694
7,808		 Total
£
4,741
13,865
18,606
577
3,647
4,224
14,382
4,164
2020
£
7,603
331
7,934

20

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

9
DEBTORS
Trade debtors
Other Debtors
Prepayments
Accrued income		 2021
£
1,584
34,525
612
12,392
49,113		 2020
£
-
-
437
2,233
2,670
10
Trade creditors
Other creditors
Accruals and deferred income
11 CREDITORS: amounts falling due after more than one year
Bank loan
The bank loan is repayable by instalments as follows:
Within 1 year
Between 2 and 5 years
Over 5 years
Total falling due after more than one year
Since the year end the charity has repaid the bank loan in full.
CREDITORS: amounts falling due within one year
Bank loan		 2021
£
817
11,511
-
11,851
24,179
2021
£
6,183
2021
£
817
5,600
583
6,183		 2020
£
-
3,602
1,300
8,551
13,453
2020
£
-
2020
£
-
-
-
-

21

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

12 MOVEMENT IN FUNDS - RESTRICTED FUNDS

RESTRICTED FUNDS:
Total restricted funds
Neutering programme fund		 At 1 Jan
2021
£
-
-		 £
17,000
17,000
Income		 £
(12,561)
(12,561)
Expenditure		 Transfers
£
-
-		 At 31 Dec
2021
£
4,439
4,439

Neutering programme fund

This fund relates to monies received from donors towards the charity's neuturing programmes.

13 MOVEMENT IN FUNDS - UNRESTRICTED FUNDS

DESIGNATED FUNDS:
Captial asset fund
General funds
Total unrestricted funds
Total designated funds
Development fund		 At 1 Jan
2021
£
-
-
-
21,963
21,963		 £
-
-
-
227,265
227,265
Income		 £
(3,647)
-
(3,647)
(150,218)
(153,865)
Expenditure		 Transfers
£
18,029
40,000
58,029
(58,029)
-		 At 31 Dec
2021
£
14,382
40,000
54,382
40,981
95,363

Captial asset fund

This fund represents the net book value of fixed assets held by the charity at the Balance Sheet date.

Development fund

The purpose of the development fund is to cover initial expenditure for future planned projects and investing in an additional vehicle

22

THE CAT WELFARE GROUP LTD

(Company limited by guarantee and not having a share capital)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

2021
Tangible fixed assets
Net current assets
Long term liabilities
Tangible fixed assets
Net current assets
NET ASSETS
2020
NET ASSETS		 £
-
4,439
-
4,439
£
-
-
-
Restricted
funds
Restricted
funds		 £
14,382
40,000
-
54,382
£
-
-
-
Designated
funds
Designated
funds		 General
funds
£
-
47,164
(6,183)
40,981
General
funds
£
4,164
17,799
21,963		 Total
funds
£
14,382
91,603
(6,183)
99,802
Total
funds
£
4,164
17,799
21,963

15 RELATED PARTIES

There were no related party transactions in the current or prior period.

16 OPERATING LEASES

The charity had operating leases at the year end with the following future lease payments:

Amounts falling due:
Within one year
Between one and five years		 2021
£
51
-
51		 2020
£
560
51
611

23