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2022-12-31-accounts

The Cat Welfare Group Ltd Report and Financial Statements Year ended 31 December 2022 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: Miss Vicki Harrington (Chair) Mr Robert Baynes Mrs Kirsten Dillion Mr Peter Wort Company secretary: Mr Robert Baynes Chief executive: Mrs Lorri Seymour-Baynes Independent examiner: Knight Goodhead Limited 7 Bournemouth Road Chandler’s Ford Eastleigh Hampshire SO53 3DA Bankers: Barclays Bank UK Ltd Leicester LE87 2BB

1

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees are pleased to present their report and the financial statements of the charity for the year ended 31 December 2022. 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 largely run by volunteers. In 2022 the trustees decided to employ some volunteers in recognition of the time and effort given as the charity grows and the number of rescues increase.

2

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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.

3

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 mainly by volunteers who receive no payment for their work, apart from the reimbursement of expenses. As at the end of 2022, the charity had in excess of 50 volunteers, including 30 fosterers that care for the cats and kittens whilst they are in our care.

Staff

During 2022 we employed five part time staff with the total payroll costs of £19k. A second company van was purchased to assist with the collection and delivery of cats & kittens, delivery of foster supplies, taking cats to vet visits and rehoming via other rescue partners.

Achievements and Performance

This report covers the charity’s operation for 2022 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 413 cats and kittens, rehomed 202 cats and kittens into secure and loving homes, rehomed 162 cats and kittens via other rescues and had 31 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.

4

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Volunteers

The charity was established and is run mainly by a hugely dedicated and passionate team of volunteers. As at the end of 2022, the charity had in excess of 50 volunteers, including 30 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 Animal Charity Awards 2022 and the charity itself was also nominated for ‘Charity of the Year’ in the same awards

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 generated income of £233,194 (2021: £244,265) during the year. This enabled the charity to continue its activities in line with its objectives. Expenditure increased to £210,522 (2021: £166,426) following the strategic decision to employ staff. 2021 expenditure was suppressed by the recovery of VAT amounting to £13,494 following the trustees receiving advice from a VAT specialist.

The charity made a surplus of £22,672 (2021: £77,839) in the year, which has been added to funds. Fund balances were £122,474 (2021: £99,802), which includes restricted funds of £25,000 (2021; £4,439)

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THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 designated funds) at a minimum level of 3 months cover of the charity’s annual expenditure. Based on 2022 expenditure this equates to approximately £46,000. At 31 December 2022 free reserves stood at £47,846.

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 2022 we once again 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 2023 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.

6

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

We have outlined our plans for 2023 below:

2023 ANNUAL PLAN 2023 ANNUAL PLAN 2023 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 2023
Consolidation and the establishment of solid foundations to support the future of the charity
Strategic Objectives
Activities Income/Finances Investment in the
charity’s
infrastructure
Key Actions
- 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
- Maintain our team of fosterers
and train more fosterers in the
hand-rearing of kittens
- Continue to work with and
cultivate existing partnerships
and develop new partnerships		 - Focus on increasing regular
giving, providing the charity with
a more secure source of monthly
income
- 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
- Explore
lottery
funding,
additional grants and other
income sources		 - Purchase 2 new cat pens
- Appointment of additional staff
to meet the increasing needs of
the charity

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.

7

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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 Tracy Howe (resigned October 2022) Peter Wort Kirsten Dillon Vicki Harrington (Chair)

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:

8

THE CAT WELFARE GROUP LTD

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

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.

Small company provisions

The trustees’ report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the trustees on and signed on their behalf by

Vicki Harrington Chair of the trustees

9

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF THE CAT WELFARE GROUP LTD

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2022, which are set out on pages 11 to 23.

Responsibilities and basis of report

As the charity's trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the "2006 Act").

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J E Harris FCCA 7 Bournemouth Road Knight Goodhead Limited Chandler's Ford, Eastleigh Chartered Accountants Hampshire SO53 3DA

Date: 22 September 2023

10

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 2022 (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 2022
FUNDS AT 31 DECEMBER 2022
Fundraising costs
NET INCOME FOR YEAR		 Unrestricted
Funds
£
149,923
28,700
15,401
194,024
12,771
179,142
191,913
2,111
-
2,111
95,363
97,474		 Restricted
Funds
£
39,170
-
-
39,170
-
18,609
18,609
20,561
-
20,561
4,439
25,000		 2022
Total
Funds
£
189,093
28,700
15,401
233,194
12,771
197,751
210,522
22,672
-
22,672
99,802
122,474		 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

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.

11

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 2021

(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 1 JANUARY 2021
FUNDS AT 31 DECEMBER 2021
Fundraising costs
NET INCOME / (EXPENDITURE) 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

12

THE CAT WELFARE GROUP LTD

COMPANY NUMBER: 12262212

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

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible fixed assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Cash at bank and in hand
CREDITORS: amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amounts due after more than one year
11
NET ASSETS
FUNDS
Restricted funds
12
Unrestricted funds
General funds
13
Designated funds
13
TOTAL FUNDS		 £
20,100
7,830
84,719		 2022
£
26,422
112,649
(9,476)
103,173
129,595
(7,121)
122,474
25,000
47,846
49,628
122,474		 £
7,808
49,113
58,861		 2021
£
14,382
115,782
(24,179)
91,603
105,985
(6,183)
99,802
4,439
40,981
54,382
99,802

For the financial period ended 31 December 2022, the company was entitled to exemption from audit under section 477 Companies Act 2006; and no notice has been deposited under section 476. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records, which comply with section 386, and preparing accounts, which give a true and fair view of the state of affairs of the company as at the end of the period and of its income and expenditure for the financial period, in accordance with the requirements of section 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

The accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board of trustees on

and signed on its behalf by

Miss V Harrington

Trustee

13

THE CAT WELFARE GROUP LTD

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

CASHFLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2022

Notes
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES
1
CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of fixed assets
Bank loan repayments
Hire purchase repayments
NET CASH FLOW
Change in cash and cash equivalents in the year
Cash and cash equivalent at start of the year
Cash and cash equivalents at the end of the year
2		 2022
£
52,658
(18,832)
(7,000)
(968)
25,858
25,858
58,861
84,719		 2021
£
52,895
(13,865)
(817)
-
38,213
38,213
20,648
58,861

NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

Net income for the year
Depreciation
(Increase)/decrease in stock
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash flow from operating activities
2
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand		 2022
£
22,672
6,791
(12,292)
41,284
(5,797)
52,658
2022
£
84,719		 2021
£
77,839
3,647
126
(46,443)
17,726
52,895
2021
£
58,861

14

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 2022

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 2022
58,861
(817)
(6,183)
51,861		 Cash flows
25,858
817
7,151
33,826		 Non cash
movements
-
(2,673)
(8,089)
(10,762)		 At 31
Dec 2022
84,719
(2,673)
(7,121)
74,925

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 2022

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 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.

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 2022

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.

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 2022

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) Pension commitments

The charity operates a defined contributions pension scheme in accordance with the National Employment Savings Trust (NEST). Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

i) 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.

j) 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.

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 2022

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
£
133,805
16,118
149,923
28,700
28,700
11,950
1,516
1,935
15,401
194,024		 Restricted
funds
£
39,170
-
39,170
-
-
-
-
-
-
39,170		 2022
Total funds
£
172,975
16,118
189,093
28,700
28,700
11,950
1,516
1,935
15,401
233,194		 2021
Total funds
£
158,818
29,296
188,114
26,140
26,140
24,920
3,857
1,234
30,011
244,265

Gifts in kind relate to items donated off the charity’s Amazon Wish List.

In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. Volunteers gave an estimated 29,500 (2021: 29,000) hours of their time during the period with an estimated value of £305,000 (2021: £300,000).

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 2022

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
Cat food
Cat activity toys & bedding
Pet consumables
Cat trapping, transport & other equipment
Rent and utilities
Waste collection & cleaning materials
Stationery & printing - ops
T-shirts & clothing
Travelling expenses
Donations made
Company Van expenses
Telephone & postage
Sundry costs - ops
Recoverable VAT
Wages and salaries
Depreciation
Allocation of support costs
Total charitable activities
SUPPORT & GOVERNANCE
Stationery & printing
Computer & software costs
Legal & Consulting
Volunteer appreciation costs
Insurance
Accountancy
Bank charges
Entertainment (100% Business)
Depreciation
Allocation of support costs
Total support & governance
TOTAL EXPENDITURE		 Unrestricted
funds
£
4,452
1,587
-
629
6,103
12,771
90,998
20,285
4,213
8,906
6,509
2,428
1,661
750
1,211
4,393
2,000
6,729
1,444
488
-
18,942
726
7,459
179,142
802
1,382
578
896
1,060
2,470
393
545
5,436
(13,562)
-
191,913		 Restricted
funds
£
-
-
-
-
-
-
17,939
-
-
-
670
-
-
-
-
-
-
-
-
-
-
-
-
-
18,609
-
-
-
-
-
-
-
-
-
-
-
18,609		 2022
Total funds
£
4,452
1,587
-
629
6,103
12,771
108,937
20,285
4,213
8,906
7,179
2,428
1,661
750
1,211
4,393
2,000
6,729
1,444
488
-
18,942
726
7,459
197,751
802
1,382
578
896
1,060
2,470
393
545
5,436
(13,562)
-
210,522		 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

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

The independent examination fee included in accountancy amounted to £1,450 (2021: £1,390). Amount of £1,020 were also payable to the independent examiner for other work.

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 2022

5
Employed staff costs were as follows:
Salaries and wages
Social security costs
Pension costs
No employee earned more than £60,000 during this or the prior year.
EMPLOYED STAFF COSTS AND NUMBERS
The average number of employees during the year was as follows:
Employees		 2022
£
18,848
-
94
18,942
2022
No.
3		 2021
£
-
-
-
-
2021
No.
-

The key management personnel of the charity were paid a total of £9,031 (two employees).

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.

21

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

THE CAT WELFARE GROUP LTD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022

7 TANGIBLE FIXED ASSETS

COST
At 1 January 2022
Additions in year
At 31 December 2022
DEPRECIATION
At 1 January 2022
Charge for the year
At 31 December 2022
NET BOOK VALUE
At 31 December 2022
At 1 January 2022
8
STOCK
Purchased and donated goods for the charity's
Merchandise stock
9
DEBTORS
Trade debtors
Other Debtors
Prepayments
Accrued income		 Motor
Vehicles
10,000
17,237
27,237
2,083
4,296
6,379
20,858
7,917
own use		 Cat rescue
equipment
£
2,404
546
2,950
594
726
1,320
1,630
1,810		 Office and
fundraising
equipment
£
6,202
1,049
7,251
1,547
1,770
3,317
3,934
4,655
2022
£
20,100
-
20,100
2022
£
-
1,344
1,152
5,334
7,830		 Total
£
18,606
18,832
37,438
4,224
6,792
11,016
26,422
14,382
2021
£
7,114
694
7,808
2021
£
1,584
34,525
612
12,392
49,113

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 2022

10 CREDITORS: amounts falling due within one year

Trade creditors
Other creditors
PAYE/NI
Accruals and deferred income
11 CREDITORS: amounts falling due after more than one year
Bank loan
Hire Purchase
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
Bank loan		 2022
£
-
1,195
2,745
596
4,940
9,476
2022
£
-
7,121
7,121
2022
£
-
-
-
-		 2021
£
817
11,511
-
-
11,851
24,179
2021
£
6,183
-
6,183
2021
£
817
6,183
-
6,183

23

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 2022

12 MOVEMENT IN FUNDS - RESTRICTED FUNDS

RESTRICTED FUNDS:
Total restricted funds
Neutering programme fund		 At 1 Jan
2022
£
4,439
4,439		 £
39,170
39,170
Income		 £
(18,609)
(18,609)
Expenditure		 Transfers
£
-
-		 At 31 Dec
2022
£
25,000
25,000

Neutering programme fund

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

13 MOVEMENT IN FUNDS - UNRESTRICTED FUNDS

DESIGNATED FUNDS:
Capital asset fund
General funds
Total unrestricted funds
Total designated funds
Development fund		 At 1 Jan
2022
£
14,382
40,000
54,382
40,981
95,363		 £
-
-
-
194,024
194,024
Income		 £
(7,031)
-
(7,031)
(184,882)
(191,913)
Expenditure		 Transfers
£
9,277
(7,000)
2,277
(2,277)
-		 At 31 Dec
2022
£
16,628
33,000
49,628
47,846
97,474

Capital 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. The vehicle was purchased during the year.

24

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 2022

14 ANALYSIS OF NET ASSETS BETWEEN FUNDS

2022
Tangible fixed assets
Net current assets
Long term liabilities
Tangible fixed assets
Net current assets
Long term liabilities
NET ASSETS
2021
NET ASSETS		 £
-
25,000
-
25,000
£
-
4,439
-
4,439
Restricted
funds
Restricted
funds		 £
26,422
30,327
(7,121)
49,628
£
14,382
40,000
-
54,382
Designated
funds
Designated
funds		 General
funds
£
-
47,846
-
47,846
General
funds
£
-
47,164
(6,183)
40,981		 Total
funds
£
26,422
103,173
(7,121)
122,474
Total
funds
£
14,382
91,603
(6,183)
99,802

15 RELATED PARTIES

Tracy Howe was a trustee until October 2022, when she resigned and took up employment as the Operations Director of the charity. During the year she was reimbursed expenses incurred on behalf of the charity of £1,418 (2021: £13 to one trustee).

The CEO (who is married to a trustee) was employed by the charity, received a total of £7,831 as remuneration and pension contributions. She was also reimbursed expenses of £5,349 incurred on behalf of the charity.

The wife of another trustee was reimbursed expenses of £77 incurred on behalf of the charity.

16 OPERATING LEASES

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

Amounts falling due:
Within one year		 2022
£
480		 2021
£
51

25