**Charity registration number 1190850**
**Company registration number CE023577 (England and Wales)**
## **THANET CAT CLUB**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **THANET CAT CLUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr N A Jordan|
|---|---|
||Mrs Georgina Riggs|
||Ms Rebecca Weller|
||Ms Lynne Bush|
||Mr C Russell|
|**Charity number**|1190850|
|**Company number**|CE023577|
|**Independent examiner**|Claire Dean FCCA|
||MMP Limited|
||Chartered Certified Accountants|
||18/20 Canterbury Road|
||Whitstable|
||Kent|
||England|
||CT5 4EY|
## **THANET CAT CLUB**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 11|
## **THANET CAT CLUB**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Companies Act 2006 and "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).
## **Objectives and activities**
The objectives of the Charity as per the Constitution are "For the benefit of the public to relieve the suffering of animals (Cats) in need of care and attention in East Kent by providing and maintaining sanctuary pens or other facilities for the reception, care, treatment and rehoming of such animals, providing grants to the public to assist with veterinary costs."
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
Thanet Cat Club officially converted to use this new CIO charity registration (1190850) at the end of June 2022 from the existing non-incorporated charity (285035), when all assets were transferred. Therefore these accounts only cover that period (1st July to 31st December). The existing charity registration will be closed once all remaining matters are concluded. The accounts up to the end of June 2022 are included in the separate accounts and return for the non-incorporated charity structure.
Thanet Cat Club had a successful year for rehoming, with 14 cats and kittens successfully rehomed during the second half of the year.
During 2022 we have had to carry out work on our property at 92 Albion Road to correct damp issues and subsequent work to replace the kitchen floor and kitchen itself. It is thanks to income from legacies that have enabled us to carry out this essential work on our house in which our Cattery Manageress lives in, next to our cattery area. Work started on this on 20th June 2022 and completed in November.
We would not be able to continue in our care for the cats, without the kind people who continue to support us financially through donations and shopping in our cat charity shop. We are of course eternally grateful to all volunteers who support us in the running of the cattery and give us their time and care for the cats thus enabling us to continue with running the cattery for cats in need in our area.
- 1 -
## **THANET CAT CLUB**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **Financial review**
The figures in these accounts show the first full year of the Charity operating as a Charitable Incorporated Organisation (CIO). The comparison figures for 2022 cover only the second half of that year operating under the current structure.
Therefore, comparing the total figures during 2023, against the totals in 2022 for the combined structures, the charity received: Legacies and Associated Donations: £47,044 in 2023, £42,373 in 2022. Shop Takings: £25,764 in 2023, £26,820 in 2022. Investment Income: £11,413 in 2023, £9,909 in 2022. Fundraising and Other Donations: £7,670 in 2023, £10,671 in 2022.
The 2023 figures show a net surplus for the year of £30,061 compared with the previous year's deficit of £8,250. This is accounted for by legacies and a recovery in the value of investments. Rising wages, up 31% for the two members of staff and other costs have meant that some £16,724 of legacy money has been spent on running costs and the charity would otherwise have a deficit for the year in the region of that amount.
The charity's primary source of income is its thriving and vibrant charity shop in Broadstairs managed by Trustee Georgina Riggs but the net profits still only cover less than 50% of wages and outgoings. In the longer term the charity will be very dependent on future legacies. For the time being the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
There will be a further receipt from the 2022-3 Gift Aid claim when this is completed.
At the end of 2023 the Charity held 111,610.19 units in CCLA Ethical Investment Trust, currently valued at £348,592, a deposit in CCLA COIF Deposit Fund currently £107,305, paying a variable interest rate of around 5%.The Trustees consider that a balance of approximately 65% in a Diversified Equity Fund, and 35% in Deposit Accounts, is a suitable balance for a Charity which is likely to have to draw on reserves each year for current expenditure. The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to such risks.
## **Plans for Future Periods**
The Charity is operating to capacity with between 15 - 20 cats and kittens in care at all times and a waiting list. We are once again fully staffed with a second member working 2 days a week. Our aim is to build on the present system, supporting homeless cats in Thanet as much as we can.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a charitable incorporated organisation (CIO).
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
|Mr N A Jordan||
|---|---|
|Ms Kay Field|(Resigned 26 October 2023)|
|Mrs Georgina Riggs||
|Ms Rebecca Weller||
|Ms Lynne Bush||
|Mr C Russell||
|Mr P Macdonald|(Resigned 18 October 2023)|
None of the trustees has any beneficial interest in the Charity. All of the trustees are members of the Charity and guarantee to contribute £1 in the event of a winding up.
- 2 -
## **THANET CAT CLUB**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
The trustees' report was approved by the Board of Trustees.
Mr N A Jordan **Trustee**
8 October 2024
- 3 -
## **THANET CAT CLUB**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THANET CAT CLUB**
I report to the trustees on my examination of the financial statements of Thanet Cat Club (the charity) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
## **Claire Dean FCCA**
MMP Limited Chartered Certified Accountants 18/20 Canterbury Road Whitstable Kent CT5 4EY England
Dated: 8 October 2024
- 4 -
## **THANET CAT CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2023**|**2022**|
||**Notes**|**£**|**£**|
|**Income and endowments from:**||||
|Donations and legacies|**2**|47,044|11,832|
|Charitable activities|**3**|39,222|22,116|
|Investments|**4**|11,413|2,766|
|Other income|**5**|652|150|
|**Total income**||98,331|36,864|
|**Expenditure on:**||||
|Charitable activities|**6**|98,315|42,290|
|Net gains/(losses) on investments|**10**|30,045|(2,824)|
|Transfer of funds from unincorporated charitable organisation||-|675,633|
|**Net movement in funds**||30,061|667,383|
|Fund balances at 1 January 2023||667,383|-|
|**Fund balances at 31 December 2023**||697,444|667,383|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 5 -
## **THANET CAT CLUB**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**13**
Investments
**14**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds|**2023**
**£**
769
424,252
71,201
496,222
(4,935)|**£**
206,157
491,287
697,444
697,444
697,444|**2022**
**£**
865
305,901
155,165
461,931
(6,026)|**£**
211,478
455,905|
|---|---|---|---|---|
|||||667,383|
|||||667,383|
|||||667,383|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 8 October 2024
Mr N A Jordan
**Trustee**
## **Company registration number CE023577**
- 6 -
## **THANET CAT CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **1 Accounting policies**
## **Charity information**
Thanet Cat Club is a charitable incorporated organisation (CIO).
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's constitution, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Tangible fixed assets**
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings 1% on cost Fixtures and fittings 15% on reducing balance Computers 25% on straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.4 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Legacies receivable|46,785|11,777|
|Membership fees|259|55|
- 7 -
## **THANET CAT CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **3 Charitable activities**
|Donations - shop sales
Fundraising and donations
Charitable rental income
Other income|**2023**
**£**
25,764
7,670
5,400
388
39,222|**2022**
**£**
15,013
3,751
3,150
202|
|---|---|---|
|||22,116|
## **4 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Income from listed investments|9,610|2,433|
|Interest receivable|1,803|333|
||11,413|2,766|
|**Other income**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Other income|652|150|
## **5 Other income**
- 8 -
## **THANET CAT CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **6 Charitable activities**
|Staff costs
Depreciation and impairment
Rent
Rates and water
Light and heat
Repairs and maintenance
Insurance
Motor vehicle expenses
Telephone
Sundries
Cat welfare expenses
Printing, postage and stationery
Veterinary expenses
Cleaning
Advertising
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Support costs**
**Support costs**
**Governance**
**costs**
**£**
**£**
Bank charges
45
-
Accountancy
-
2,080
Bookkeeping
-
2,020
45
4,100
Analysed between
Charitable activities
45
4,100|**2023**
**£**
37,266
5,321
12,000
1,023
3,462
1,504
1,785
2,132
549
514
4,185
1,348
20,312
2,707
62
94,170
45
4,100
98,315
**2023**
Support costs
Governance
costs
**£**
£
£
45
14
-
2,080
-
1,260
2,020
-
1,000
4,145
14
2,260
4,145
14
2,260|**2022**
**£**
14,576
2,787
6,000
1,073
909
204
864
277
225
357
3,180
289
8,336
914
25|
|---|---|---|
|||40,016
14
2,260|
|||42,290|
|||2022
£
14
1,260
1,000|
|||2,274|
|||2,274|
**7 Support costs**
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
- 9 -
## **THANET CAT CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
## **9 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
||-|2|
|**Employment costs**|**2023**|**2022**|
||**£**|**£**|
|Wages and salaries|36,565|14,377|
|Other pension costs|701|199|
||37,266|14,576|
There were no employees whose annual remuneration was more than £60,000.
## **10 Net gains/(losses) on investments**
|||||**Unrestricted**|Unrestricted|
|---|---|---|---|---|---|
|||||**funds**|funds|
|||||**2023**|2022|
|||||**£**|£|
||Revaluation of investments|||30,045|(2,824)|
|**11**|**Tangible fixed assets**|||||
|||**Freehold land**|**Fixtures and**|**Computers**|**Total**|
|||**and buildings**|**fittings**|||
|||**£**|**£**|**£**|**£**|
||**Cost**|||||
||At 1 January 2023|189,871|24,062|332|214,265|
||At 31 December 2023|189,871|24,062|332|214,265|
||**Depreciation and impairment**|||||
||At 1 January 2023|941|1,805|41|2,787|
||Depreciation charged in the year|1,899|3,339|83|5,321|
||At 31 December 2023|2,840|5,144|124|8,108|
||**Carrying amount**|||||
||At 31 December 2023|187,031|18,918|208|206,157|
||At 31 December 2022|188,930|22,257|291|211,478|
- 10 -
## **THANET CAT CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_
|**12**
**Financial instruments**
**Carrying amount of financial assets**
Instruments measured at fair value through profit or loss
**13**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income
**14**
**Current asset investments**
Listed investments
**15**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2023**
**£**
424,252
**2023**
**£**
769
**2023**
**£**
424,252
**2023**
**£**
376
1,571
188
2,800
4,935|**2022**
**£**
305,901|
|---|---|---|
|||**2022**
**£**
865|
|||**2022**
**£**
305,901|
|||**2022**
**£**
2
1,593
1,721
2,710|
|||6,026|
## **16 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
As at the start of July 2022 a charitable unincorporated organisation, under the same name of Thanet Cat Club, transferred all assets and liabilities to this charity.
- 11 -