Registered number: 13931696 Charity rtum￿r: 1200949 nfrsa THE NATIONAL FOUNDATION FOR RETIRED SERVICE ANIMALS (A company limited by guarantee UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) CONTENTS Page Reference and administrative details of the Company. its Tnmtees and advisers Trust88s' r8port 2-10 Ind•p•nd•nt •xamlno¢s roport 11-12 Statsment of flnancial activltlos Balance sh88t 14-15 NotM to th• financlal $tatom•Dts 16-29 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trust88S The Countess Sara Lualle Bathursl Nigel Batchelor Jill Bradley Graham Coxell (Appointed 21 Mar¢h 20231 Rodney Hansen Jane Muller Neil Odin Company rggS$t*r•d number 13931696 Charlty r8glstor•d number 1200949 R8gist8rod office Bathurst E$tste Office Cirencester Park Cirencesler Glou¢eslershire GL7 28U Indepgndgnt gxamlngr David Sedgw¢k FCCA CTA Saffery LLP St Catherine's Court Berkeley Pbace Clifton Bristol BS8 18Q BankorB Lloyds Bank 98 Vietoria Street London SW1E 5JL Page 1 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees, tho are also Directors of the charity for the purposes of the Companies Act, present their annual report tO9ether with the financial statements of the The National Foundats'on for Retired Service Animals for the year 1 January 2023 10 31 December 2023. The Annual report serves the purpc*ses of both a Trustees, report and a director5, report under cornpany law. The Trustees confirm that the Annual report and financial stslements of the charitable company comply with the ¢uNent stslutory requ1￿Ments, the requirements of the charitsble company's governin9 document and the provisions of the Statement of Recommended Pracb'ce ISORPI applicable to charitses preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffects.ve 1 January 20191. Since the Company qualifies as small under sects'on 382 of the Companies Act 2006. the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objec￿¥08 and actlvltles *. Alm$ and obl•ctlv68 The charity is registered wth the Charty Commission in England and Wales Ino. 12009491 and is constituted as company limited by guarantee, incorporated on 22 February 2022, and 1$ governed by its Memorandum and Articles of Association. The charity's purposes as set out in the Memorandum and Art"cles of Assttiation are lo relieve the sufferlng of retired service animals in need of ￿re and attention for reason of sickness, poor circumstance, or welfare by providing finanaal assistance lo their owners. The National Foundation for Retired Service Animals INFRSAI gives financial assistance lo the owners of retired seNice animals by giving grants lo cover the medical and velennarian needs of dogs and horses from the Police, Border Force, Prison. and Fire & Rescue. In setting objectives and planning for activrties, Ihe Trustees have given due consideration to general guidance published by the Chanty Commission relating lo public benefit, iicluding the guidance 'Public benefit.. running a charity IPB21'. b. Grantwmaking process and 5mpact Al the heart of our charity's mission is the financial support we provide through our grants, vthich we regard as gifts never to be repaid. When a Tets'red serwce animal requires urgent treatment or medical attents'on, the owner can submit a grant application that is prompuy reVie￿*d by our Grants Panel. This panel is composed of Members of the Board, the Management Committee, ar￿ senior independent veterinarian5, ensuring that every application is given full and fair consideration. Our grants process is designed to be as streamlined and Stress-f￿ as pgssible. Once an application is submitted, a decision is usually made within seven working days, allowing us to act quickly and alleviate any unnecessary stress for the owner during what can be a very emotional time. We place a strong emphasis on personal regard and sensitsvity throughout the proce55, ensuring that owners never have lo wail long lo apply or cewe assistsnce. Very rarely is an application declined, and no animal is exduded based on criteria such as length of service or age. In fact, we are proud to support up to g0°k of each claim, depending on the specrfics of the case. Our policy is reviewed annualty to ensure fairness lo all registered members and to strengthen the charty's resilience, enabling us lo continue providing this vrtal support to those who need rt most. Page 2 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Objèctivos and activities Icontinuadl c. Voluntsers and related entities The Board of Trustees remains particularty mindful of the need to keep costs to a minimum. The trustees, grant panel and management team are all volunteers. and the charity deeply values the contribution each member makes lo ils successful running. This commrtmenl is never taken for granted. and ￿ a￿ (Jelemined lo ensure the continued well-being of our volunteers by developing an empalhelic and supportive *tlfare programme. As the charity grows, however. we have idenb'fied the need to create one fUl￿tIMe and fv40 part-time positions to ensure we maintain professional standards and effectively support the charitys expansion. Despite this, the 8oard's primary obje¢bve remains lo keep adminislralive costs as low as possible, ensurin9 most funds raised are directed towards fulfilling the charty's purpose. This is pa￿.¢￿ladY important to everyone at NFRSA, especially considering the financial challenges we anticipate over the next three years. The Board and management team are committed to en$uring thal every donats'on and fund rai$ed is Spent wlh ￿re and purpose. The NFRSA enjoys an incre(Jibly ck*se and relakn"onship Warmv￿ the Association of Retired Police Dog Charities. a network of individual chari(ies an¢J non-profil organisalions %tho %w)rk on a regional basis, and the Trustees are alway$ keen to promote mutual support wthin the se¢lor. During the year, over 24 dedicated volunteers, including trustees. generously Contributed 6,640 hours lo support the charity's aclivilies. We extend our heartfelt thanks to all our volunteers for their loyal service and Invaluable contributions, essential lo fulfilling our mission. d. Maln actlvltles und•rtaken to further Charlty's purposos for th• publlc b•n•fit The Trustee$ confim that they have complied the Charities Act 2011 and have had due regard to the Charity Commission's general guidance on public benefit. The principal areas of public benefit provided by the charty are f￿￿sed on supporting the owners of retired service animals who are unable lo secure adequate Insurance for the care of their animals. We offer fin8n¢ial grants, which are Considered grfts. to cover medical and veterinary needs. both in emergencies and for ongoing treatment. This vital support alleviates the risk of ffinancial hardship for the owners. %thich in tum helps lo relieve mental health challenges and stress Ihat can arise in such diificult circumstances. The charity is deeply aware that these circumstances are often highly emotional, and we work tirele551y to provide one-lTrone welfare support lo ovmers during their lime of need. Our goal is to ensure that both the owner and the retired service animal receive the care and assistance they require, with compassion and understanding at every step of the vrny. e. Principal funding sources In addition to sponsorship, legacy, and personal donations, the charty also benefits from a variety ol other fvnding stream5. Our fundraising events, vthich are organised by dedicated volunteer5, play a significant role in generating income. These even15 not only raise crucial funijs but also help lo strengthen community engagement and raise awareness of our mission_ We a￿ extremely fortunate to have the support of individuals and businesses who contribthe both financi31ty and through i￿￿'nd donats'ons of tsme and resources. Page 3 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Objèctivos and activities Icontinuadl We are delighted to ackno¥Medge a generous £10,000 donation from The Julia and Hans Rausing Trust, a renowned charrtable foundation knovm for ts remarkable support of numerous cause5 that enrich society and promote well-being. This donab.on has been instrumental in helping us fvrther our mission during our first full year of operation. supporting retsred serwce animals and theic owners. We extend our deepest gratitude to The Julia and Hans Rausing Trust for their invaluable contribution and shared commitment to improving live$. Merchandise sales a150 provide a valuable source of income, with profits reinvested into the charty's work. Our merchandise help5 to Promote the ¢harrty and expand our visibility, %thile offering supporters a way lo contribute through their purchases. In addition. we have begun to explore Corporate partnerships. securing sponsorships th* align with our ¢au$e. These partnerships not only provide financial support but also help raise our profile among larger audiences. We are a150 building relation5hip5 with grant-making bodies and charitable trusts. with a view to applying for grants that align wlh our objectives lo ensure ￿ continue lo secure sustainable funding. Together, these diverse fvnding sources allow us to meel the growng demands of the charity and ensure that the majority of funds raised go directly toward suppoffj'ng the ovfflers ol rets'red service animals and their welfare needs. Achlavements and yrfom)anc8 . Maln a¢hlev•ments of the Charlty In 2023, the charity made significant strides towards this goal through three major aclivilies.. fundraising, promoting the charity, and processing grants effiuently and supports"vely. Fundral$lng Fundraising in 2023 has been both challenging and re%rdrding. We are pleased to report that the charrty received widespread support from corporate partners and individual donors. This support came through various special fundraising events. which are detailed later In this report. These efforts generated £94,089, while personal donations and Independent fundraising actsvrtie5 (excluding Gift Aidl brought in £84.072. We are deeply grateful lo all who conlribute(I their b"me. energy. and financial ￿SoUrCes. making our first ftjll year a tremendous success. The charity also explored merchandise sales as a secondary revenue stream. We invested £10,515 in stock, ilh £5,000 of unsold stock carried over into 2024. Merchandise sales yelded a respectable profit margin of 21 %, contributing further lo the chartyy income and visibility. Promotlon of tho Charlty Building public awareness and a posthve brand image VAS deemed critical in our first full year. To achieve this, we engaged a PR consultant iasked wth establishing the charity's presence and securing media opportunities. We are proud to report widespread coverage, full-length articles featured in Country Life, Countryside, Horse and Hound, Sunday Express. and Sunday Mail. among olhets. Addttsonally. the ¢hanty was highlighted in television inlerviwts and podcasts. helping to extend our message lo a broad audience. A notable promots'onal highlight was our launch event wlh Christie's, the international auctioneers, which raised £31,000. Furthermore, we secured the support of 16 dedicated ambassadors ￿0 actively promote the charity and advocate for our cause. Page 4 THE NATIONAL FOUNOATION FOR RETIRED SERVICE ANIMALS (A ¢¢)mpany Ilmltsd by guarnntso) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Achiavamonts and pgrfom)anc8 Icontinuad) Grant Processing One of the charity's key focuses is the timely and supportive processing of grants which lotslled £37.48212022". £8,854). We understand the emotional strain that owners of retired service animals experience when their beloved companions need care, and we strive to provide compassionate and personalized support during these difficult times. The chanty has developed strong relationships wth veterinary practices to ensure that we receive the best value for money while settling invoice5 quickly lo minimise any additional stress for the owners. b. Pgrfomian¢e of fundraislng a¢tlvities aga•n$t oblgctlves Sot The charity has adopted a highly proaebve approach lo fundraising. re¢ognising that as a young organis81ion. il is vital lo promote and execute professional ftjndraising events that are not only enjoyable bul also rewarding and mutually beneficial. Our aim is lo create memorabk experiences that fo$ler communty engagement and support our mission. One of our slandoul events this year wa5 the successful launch at Christie's Auctioneers. which raised an impressive 33Oh of the lolal funds for 2023. The evening was filled exulemenl and generosity, thanks lo the numerous donors vtho contributed auction items. Their support made this event not only possible bul truly special. In the fourth quarter of 2023, the charity organised a challenging bike ride from John O'Groals to Lands, End. While physically demanding, this endeavour provided a fanlasts"¢ Opportunity lo visit vanou5 police headquarters and prisons. alltswng us lo promote our charity e¥tensively. Our Chaiman, Lady Balhursl, undertook this challenge and successfulty raise