Happy Doggo Charity No. 1203875 Company No. CE032890 Tru8ts08' Roport and Consolldated Audlted Accounts 31 December, 2024 Report of the Trustees........................................................................................................... Reference and Administrative Details................................................................................ Objectives and Activilies.................................................................................................... Achievements and Performance........................................................................................ Financial Review................................................................................................................ Plans for Future Periods............ Structure, Govemance, and Management......................................................................... Independent Auditor's ReporL............................................................................................. Con$olidated Statement of Financial A¢tivities................................................................ 12 Charity Statement of Financial Activities.......................................................................... 13 Surnrnary Incorne and Expenditure AccounL....................................................................14 Consolidated Balance SheeL..............................................................................................15 Charity Balance Sheet......................................................................................................... 16 Con$olidated Statement of Cash Flo*?.............................................................................17 Notes to the Cash Flow StatemenL.................................................................................... 18 Notos to tho Accounts......................................................................................................... 19 1 Income from donations and lega¢ies.......................................................................21 2 Income from investments........................................................................................ 22 3 Trading aclivilie$...................................................................................................-..22 3a Charity income and endowments.......................................................................... 22 4 Other inwme...........................................................................................................23 5 Expenditure on raising funds.......... .23 6 Expenditure on charitable activrties......................................................................... 23 7 Expenditure on trading activilies............................................................................. 24 8 Analysis of grants.................................................................................................... 24 9 Other expenditure....................................................................................................25 10 Auditor's remuneralion....................... .25 11 Trustee remuneration and expenses..................................................................... 25 12 Staff cosls....................................................................................................... .25 13 Tangible fixed assets............................................................................................. 26 14 Charity Investments...............................................................................................26 15 Consolidated Debtors............................................................................................ 27 16 Current Investments.............................................................................................. 27 17 Consolidated creditors...........................................................................................28 18 Movement in funds................................................................................................ 28 19 Analysis of net assets belween funds................................................................... 29 20 Analysis of Cash and Cash Equivalents................................................................29 21 Related paty disdosures...................................................................................... 29 Consolidated Detailed Statement of Financial Activities................................................. 31 Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Report of the Trustees Referen￿ and Administrative Details Entity Typo.. Charitable Incorporated Organisats'on (CIO) Company Number.. CE032890 Charity Number.. 1203875 Subsidiary (Happy Doggo Trading Ltd.) Company Number: 15027127 Principal Offi¢•: 2 Putney Hill London, UK SW15 6AB Reglstered Offl¢e of Happy Doggo CIO 2 Pulney Hill London, UK SW15 6AB Registered Offi¢e of Happy Doggo Trading Ltd. 36 Litchfield Way London, UK NW11 6NJ Trustees The following Trustees of the Charitable Incorporated Organisation ICIOI served during the yeaT'. Stefan Bender Tayla-Blue Watts Christopher Reynolds other Officers Niall Harbison, CEO Anna Sedgley, CFO Lindsay Angus, COO Auditor Accounting Tang Ltd. 8 Farm Avenue London, UK SW16 2UT Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Objectives and Activities The objects of the CIO are to relieve the suffering of stray dogs in need of care and attention particularly in Thailand for the public benefrt, induding by providing assessment and medical care to animals in need of such attention and the provision of mobile sterilisation, vaccination and trealmenl clinics, to reduce the stray animal population and prevent the spread of rabies and other contagious diseases. The Trustees confirm that they have complied with the duty in section 1715} of the 2011 Charilies Act. The Trustees have had regard lo Charity Commission guidance on public benefit. Volunteers The Board of Trustees offered their services to the charity Voluntari￿ and there was no muneration or expense reimbursemenl paid lo Twslees in 2024. Niall Harbison does nol receive any compensation for his work as CEO. The charity did not make use of any other volunteers in 2024. Achievements and Performance Programrne Achievements 70 dogs rehabilitated al Happy Doggo Land and over 30 dogs rehomed either locally or abroad 46,377 sterilisations funded through grant programmes within Thailand, Indonesia, and Sri Lanka Fundralslng The principal fundraising source for the charity is individual donations via online fundraising. The charity leverages social media to drive donations, and with over 2 million followers across all social media channels, the charity has a strong and engaged global audience. In 2024, the charity received donations from individuals in over 60 countries. Material Fundraising The charity raised over £1.400.CNJO in online donations in 2024 The charity received £25,000 as a one-time gift from c￿0p Live Significant External Risks Cost of Living Crisis. Donors may reduce or stop giving due to rising living costs, prioritising essential spending. Inflation & Interest R2tes-. Higher costs for Servi￿ and operations may reduce available funds for fundraising activities. R￿sSIon Fears.. Economic Un￿rtaInty can make donors more hesitant to commit to regular or large donations. Changing Donor Beh2viour: Younger generations p￿fer caus&dTiven giving bul may not commit to long-temi support. Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Our reserves policy is designed with these risks in mind. Financial Review Reservgs Policy Happy Doggo aims lo maintain a general reserve of unreslricled funds sufficient to meet its rinancial, legal and moral obligations to the dogs we help. our donors wishes, employees and all relevant authorities. These general reserves allow us to plan for expansion and deal with any 'bumps in the road,, such as sudden and unexpected reductions in income or large rtems of expenditure that were nol budgeted for. The Truslees agree a largel level for Ihe general resetve and this is reassessed regularty. Happy Doggo is a young OTganisation and the Trustees consider the balan￿ behveen retaining sufficient reserves for strategic expansion while ensuring we are resourced to immediately reduce suffering in the locations where we provide grants. At current spend rates we hold greater than 12 months in reserves, but we anticipate this eventually slabilising at a target of 6 months as the charity scales and matures. We also maintain restricted reserve for the completion of "Tina's Hospital." This comprises donations made specifically in Connection with our hospital campaign and donations re￿iVed from our founder, Niall Harbison, in respect of his bookls). At the close of 2024, the charity holds in reseNe £804,894, £249,404 of which is restricted for Tina's Hospital. Environment and Challenges Dog suffering is by its nature very difficutt to determine and measure. Our CNVR (Catch, Neuter, Vaccinate, Release) grant programmes are designed lo reduce dog population lo suslainable levels, however this is very difficult to define and Happy Doggo does not have direct control over all of the variables, such as dogs bom or brought to the territories where our grant recipients operate. We are subject to geopolitical and environmental forces that we are unable to influence OT predict. Please also see the significant extemal risks section of Ihis report. Material Financial Factors The UK Charity organisation recognises global revenue for Happy Doggo, with the exception of donations from the United States of America, which are accounted for in a United States 501 Icll31. The charity's donations are primarity generated as an indirect response to our social media posts on all major plalforms. We are therefore reliant on continued free exposure on platforms such as Instagram. TikTok. YouTube and Substack to generate our income. A significant Majority of donations are processed online and the payment processing fees are set by providers such as Stripe and PayPal. Main Funding Sources The charity's primary funding source is online donations from individuals. Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Material Expenditure The charity issued grants totaling £1,471.048 10 10 organisalions across Thailand, Sri Lanka, and Indonesia for the purposes of CNVR and medical care for street dogs. Material Comrnitted Expenditure The charity has executed MOUS (Memorandum of Understsndingl that commit approximately £1,500,000 in annual funding for CNVR grant programmes in 2025. The charity has committed approximately £500.000 to Happy Doggo Thailand Co. Ltd. for the construction of Tina's Hospitsl, beginning in 2025. The charity will meet these commitments with its existing reserves and forecasted donations in 2025. Plans for Future Periods CNVR The charity will continue to focus the majority of its expendrture on CNVR programmes to materially reduce stray dog populations in areas served. In 2025, the charity will scale back ils CNVR initiatives outside of Thailand and reallocate those funds to expanding sterilisation programs within Thailand. A major focus in 2025 will be implementing a coverage-based slerilisalion model, wherein the charity will aim to achieve approximatety 80 % sterilisation coveragè in each active territory before moving into a new territory. Education In conjunction with CNVR, the charity will be undertaking a national education program, beginning in 2025 to provide educational content in Thai. The aims of the charity's education program are threefold.. To increase community support for sterilisation and vaccination To increase community knovledge around dog welfare To increase awareness of and provide access to free dog welfare services Tina's Hospital In 2025, the charity aims to begin construction on Tina's HoSpita￿a full-service hospital on Koh Samui, exclusively dedicated to treating stray and community dogs. Structure, Governance, and Management Organi$ational Stru¢ture The charity is 8 Charitable Incorporated Organrzalion, with Ihe CEO being Ni811 Harbison. Governing Document The Charity is governed by a CIO Consttlution. Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Recruitment of Trustees Apart from the first Truslees. every Twstee must be appointed for a term of three years by a resolution passed at a property convened meeting of the Trustees or in writing. In selecting individuals for appointment as Trustees. the Tnjstees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. All Trustees are provided with official guidance from the Charities Commission to educate them on Iheir roles and responsibilities as Trustees. Statement of Trustees, Responsibilities in Relation to the Financial Statements The Trustees are responsible for preparing Ihe Annual Report and Ihe financial slalemenls in accordance with 8pplic8ble18w and regulations. The law 8ppIic8ble to charities in England & Wales requires the Trustees lo prepare financial statements for each financial year in accordance with United Kingdom Generalty Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. The Trustees musl nol approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resour￿$ 2nd application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to.. Select suitsble accounting policies and app￿ Ihem consistently; Observe the methods and principles in Ihe Charr¢ies SORP; Make judgments and accounting estimates that are reasonable and prudent., State whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless it is in8ppropri8te to presume that the charity will continue to operate. The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any lime the financial posrlion of the charity and enable them to ensure that the financial statements compty wilh the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deledion of fraud and other irregulartties. Website Responsibilities The Charity relies on its website for the following purposes.. Accepting online donations Providing secure, user-friendly donation options lone•time. recurring, Gift Aid) Explaining how donations are used and their impact Communicating the vision, mission, and value of the organisation Sharing informational content to educate people about the primary isgueg facing street dogs Sharing blog posts or press rdeases at￿ut the charity's activities Providing answers to Common￿ asked questions Providing links to relevant pre55 or media artides Accepting applications for adoptions of dogs Happy Doggo CIO Report of the Trustees for the period ended 31 December, 2024 Accepting applications forjob opp)rtunTties Statement of Disclosure of Inforniation to the Auditor So far as the Trustees are aware, there is no relevant audit information of which the company's auditors are unaware and each Trustee has taken all the steps that he or she ought to have taken as a Trustee in order to make himself or herself aware of any relevant information and to establish that the company's auditors are aware of that infomialion. The above report has been prepared in accordance wrth the Charrties SORP IFRS 1021. Signod on 24 October, 2025 on behalf of the Board of Trusteos Tayla-Blue Watts Chair of Trustees Independent Auditor's Report to the Members and Trustees of Happy Doggo cio Independent Auditor's Report Opinion We have audited the consolidated financial statements of Happy Doggo CIO {the 'parent charity'l and its subsidiary undertaking (the "group") for the year ended 31 De￿mber 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Balance Sheet and Charity Balance Sheets. the Consolidated Cash Flow Statement and notes to the financial statements. including signifficant accounting policies. The financi81 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion. the financial statements.. give a true and fair view of the stsle of the Group's and the parent charity's affairs as at 31 December 2024 and of the Group's incoming resource$ and application of resources for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance wilh Ihe requiremenls of the Charities Act 2011 Basis for opinion Basis for opinion We conducted our audit in accordance with Intemational Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audr( evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Con¢lu$ions r•lating to going ¢on¢•m In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions thal. individualty or collective￿, may cast significant doubt on the Group's or the parent charity's abilty to continue as a going concem for a penod of al least 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concem are described in the ￿levant se¢lions of Ihis report. Other information The other information comprises the inf0m￿li0n induded in the annual report. including the Independent Auditor's Report to the Members and Trustees of Happy Doggo cio trustees, report, other than the financial statements and our audltor's report thereon. The trustees are responsible for the other inf0m￿li0n contained wf(hin the annual report. Our opinion on the financial statements d￿S not cover the other infomation and, ex￿pt to the extent otherwise explicitly stated in our report, we do not express any form of assuran onclusion thereon. Our resFX)nsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or othe￿ise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perf0M￿d, we conclude that there is a material misstatement of this other inf0M￿tiOn. we are required to report that fact. We have nothing to report in this regard. Matters on which we are requirod to report by exception We have nothing to report in respect of the foll(Iwing matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the information given in the trustees, rewrt is inconsistent in any material respect with the financial statements- or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records- or we have not received all the infornation and explanations we require for our audit. Re$pon$lbllltlfr$ of trusto08 As explained more fully in the trustees. responsibilrties statement set out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. Auditor'5 responsibilities for the audit of the financial statements We have been appointed as audttor under the Charities Act 2011. s. 151 and ￿pOrt in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor's report Ihal includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audil conducted in accordance with ISAS IUKI will always detect a material misstatement when rt exists. Misstatements can arise from fraud or error and are considered material if, Individual￿ or in the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basis of these financial statements. 10 Independent Auditor's Report to the Members and Trustees of Happy Doggo cio Irregularilies, including fraud, are instances of nonacomp11an￿ with laws and regulations. We design procedures in line with our responsibililies. outlined above. to detect material misstatements in respect of irregularities, including fraud. The exlent to which our procedures are capable of detecting irregularities. induding fraud is detailed below.. We obtained an understanding of laws, regulations and guidance that affect the Charity, focusing on those that had a direct effect on the financial slalements or that had a fundamental effect on ils operations. Key laws, regulations and guidan￿ that we identified included the Charities Act 2011 and relevant tax legislation. We enquired of the Truslees and reviewed corresF)onden¢e and Trustee meeling minutes for evidence of non compliance with relevant laws and regulations. We gained an understanding of the controls that the Trustees have in place to prevent and detect fraud. We enquired of the Trustees about any incidences of fraud that had taken place during the accounting period. The risk of fraud and nonry¢ompliance with laws and regulations w8$ discussed within the audit team and tests were planned and performed to address these risks. We reviewed financial slalemenls disclosures and supporting documentation lo assess compliance with relevant laws and regulations discussed above. We enquired of the Trustees about adual and potential litigation and claims. We performed ana￿lea1 procedures lo identify any unusual or unexpected relationships that might indicate risk of material misstatement due to fraud. In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of joumal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias. A further description of our responsibilities for the audrt of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .uklaudilorsres onsibililies. This description forms part of our auditor's report. Use of our report This report is made solely to the charty's trustees, as a body, in accordance with part 4 of the Charities (Accounts and ReFX)rtsl Regulations 2008. Our audit work has been undertaken so Ihal we might state lo Ihe charity's trustees those matters we are required lo state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. T67h Accounting Tang Limited {Slalulory Auditor) 8 Farm Avenue, London. SW16 2UT Dated.. Accounting Tang Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as audilor of a company under section 1212 of the Companies Act 2006. 11 Happy Doggo CIO Consolidated Statement of Financial Activities for the period ended 31 December. 2024 Consolidated Statement of Financial Activities Unr••trlGt•d Rutrktsd Total fvnd• lund• 2024 funds 2024 2024 In¢om and •ndowm•nt* Imn: 9 911 A77 9F&9 17A Investments Trading a¢bviti68 oth•r 576 147.997 19.340 576 147,997 19,34Q Total 2,479,7 250.259 2,730,049 Exp•ndltur• on: Roi65ng lund6 178.438 1.505.265 94.825 145,972 866 170,203 1.505,265 94,625 145,972 Charftsble 8¢tW¢s TTadiThJ acllvttie8 Totsl 1.924.3LTh) 855 1.925.155 Nal galns on In￿StMentS N•t Ineom• 555.490 249.404 804,894 Transfvrn bets￿en fvnd N•t In¢om• b•for• Olh•r galnslllo•wl 555,490 149,404 804,894 other recc¥3nised gainsllkJ88esl N•t mov•m•nt In fvnd• $55.490 249.404 804,894 Reconclliatkjn of fuThJs.' Tol81 lund$ brwht foAw8 Total funds urrf•d forward 5SS,490 249.404 804.894 The statement of financial activities includes all gains and losses recognized in the year. The notes on pages 19 to 30 form the rest of the financial statements. 12 Happy Doggo CIO Charity Statement of Financial Activities for the period ended 31 December. 2024 Charity Statement of Financial Activities Vnr¢•tri¢t•d R¢•tri¢t¢d Totsl fvnd• funds 2024 fund$ 2024 2024 InGorn• anLI •ndDwnwnts frDrn: DnnAticJnA IAgacies Inv85trnents Other 2.364.?4Q 576 19,340 2.615.40R 576 19.340 Ttstthl 2.386.165 260,259 2.835.424 Expondltur• on: Raislng funds Cli¥rit¥bkd ¥¥￿VIu¥¥ Oth8r 178,438 1.505,205 145.972 179,293 1.505.205 145.972 Totsl 1.829,675 1.830.530 N•t g•ln• on Investmwts Not Incom• 555,490 249,404 804,894 Tr8n8larB betsveon luThJ8 N•t In¢¢)m• b•for• oth•r galn*llloMMI 555,4•0 249.404 804,IM Other Tecoonised #ai￿1￿￿8$$I N•t rnov•m•nl In fund• 554490 249.404 804,894 R8¢onclliakn offund•: Totxl fiindA bri)ught frfft¥ard Totsl lund• earrl•d forwa 555,490 249.404 804,894 The statement of financial activities includes all gain5 and1055es recognized in the year. The noles on pages 19 10 30 fom Ihe ￿$1 of Ihe ffinancial slalemenls. 13 Happy Doggo CIO Summary Income and Expenditure Account for the period ended 31 December. 2024 Summary Income and Expenditure Account 2024 Group and ¢h•rlty 2.710,859 576 18,814 Intsresl and Investment Inc other In￿Me Tot•1 cofflpr•h•n•lv• IncwTr• 2,730,049 Expenditure Dèpreciallon 8nd thaffjos lor Impalment of Ilxod assots 1.925,095 Tothi •xp•ndnur• for th• y•*r 1.925,155 Net income bèfore tsx 804,894 N•t Ineom• for th• y•ar 804,894 The notes on pages 19 to 30 form the rest of the financial statements. 14 Happy Doggo CIO Consolidated Balance Sheet at 31 December. 2024 Consolidated Balance Sheet 2024 Flx•d Ass•ts Tangible assets Totsl fixed assets 13 2.138 2.138 Currnnt A•••ts Deblors Cash at bank and In hand Investments 15 135.527 559.405 200.566 895.498 {92.7421 16 Total currgnl as¥8ts Credltors: amount tslllng due withln 1 year 17 Not curr•nt o•*•ts 802,768 804.894 804,894 Total assets less ￿rrent liabilNi88 Nel a88et8 ex¢luding r*n8K>n a88et ty Ikgbllity Totsl n•t assèts 804,094 Tho lund• of th• ch*rtty Rastdctèd funds 18 18 249.404 555,490 Unreslrtcted hjnds R•8or¥•8 Total fund• 18 004,094 Approved by the Board of Trustees on 24 October. 2025 and signed on its behalf by: Tayla-Blue Watts, Chair of Trustees 15 Happy Doggo CIO Charity Balance Sheet at 31 December. 2024 Charity Balance Sheet 2024 Not Flx•d A•s•ts Tangibk8 assets Investments Total fix¢d oss¢ts 13 14 2,138 2.139 Curr•nt Awts Debtors 15 281,913 407,251 200,568 889,730 1¥6.Y75 Cash 8t bank an in hand Investm8nts Total current assets Lredllorn.. amount talllng du& wrthln 1 year 16 17 N•t curr•nt a8S•t• Total 8886ts1088 ￿l￿ntIl$bIl￿3 Nei 88s018 ex¢ludlng pwsknn or11gbMIty 802,755 804,894 804.894 Total net assets 804,894 Th• lund• of th• ¢h•rlty Re$¢dcied funds 18 249.404 666,490 unr06tn.ctod 18 R•s•rv•* Tvt•l lund¥ 18 804,804 Approved by the Board of Trustees on 24 October. 2025 and signed on its behalf by: Tayla-Blue Watts, Chair of Tnjstees 16 Happy Doggo CIO Consolidated Statement of Cash Flows for the period ended 31 December. 2024 Consolidated Statement of Cash Flows to Cash Flow ststem•nt 2024 Ca8h flows from op•ratlng actl¥ltl•* cash 9enerated from operations 761.593 Nel cash providod by oporating aclMII68 761,593 Ca•h flo￿ from Inv••t5ng actlvlu Purchase of langible fixed asseis Purchasfj of fixed asset invgstmonts 12.1981 Interest and investrnont Incom• 576 Purtha8e of 9￿aY notke d8wAIt 1200,5661 Net C88h provided byllused Inl inve8tin9 aGbvitob 1202,180) ¢h•ng• In c••h and c•*h •qulv•l•nts In th• r•portlng p•rfod 559.405 Ca•h and ca•h •qulv•l•nts at th• b•glnnlng of th• r•portlng p•rlod Ca•h And oqulvolonts al th• •nd olthe r•portlng pvrlod 559,405 17 Happy Doggo CIO Notes to the Cash Flow Statement for the pericKI ended 31 December. 2024 Notes to the Cash Flow Statement 1 Roconcllatlon of not Incom•l•xp•ndbtur• to n•1 cash Ilow fyom op•ratlng actlvlt1•5 2024 N•t Incom•l{•xp•ndltur•l for th• r•portlng pwlod Adjuytrnents for.. Depreciation charg88 Interest and investrnenl Inc￿ Iln¢re8sel I deuease in d#blors Inueasg I Idemso) in Lyeditors 804.8M 15761 1135,5271 92.742 N•t cash provld•d by op•r•tlon* 761.593 2 An•ly•l• of chang•• In n•t fvnd• At 06.07.2023 At Cash flow 31.12.2024 N•t C••h Cash at bank and In hand 550,405 559,405 559,40S 559,405 Total 18 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 Notes to the Accounts Summary of significant accounting policies and key accounting estimates: The principal accounling policies applied in the preparation of these financial statements are set out below. These policies have been consistenty applied to all the years presented, unless otherwise stated. Statomont of complian¢g: The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless ststed othe￿iSe within these notes. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practi lapplicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191- Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charrties Act 2011. Happy Doggo CIO meets the definition of a public benefit entity under FRS 102. 88518 of consolidation: The Consolidated Ststement of Financial A¢tivitie$ ISOFAI, Consolidated Balance Sheet and Consolidated Cash Flow Statement, consolidate the financial statements of the Charity and its subsidiary, Happy Doggo Limited. The results of the subsidiary are consolidated on a line by line basis. 88818 of preparation of the financial statements: 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 IFRS 1021 leffective January 201￿[CharitieS SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Going concern: The accounts have been drawn up on a going concern basis. In common wilh many fund-raising charities, the adoption of the going ¢oncem basis is dependent on the charity receiving adequate fundraising from voluntary income such as donations and legacies. While the Trustees recognise the uncertainties inherent in predicting the liming and level of future funding from voluntary income that is not yet assured, they believe that adequate funding will be secured from donations and legacies. Happy Doggo Trading Ltd.: Happy Doggo Trading Ltd. is a trading subsidiary of the CIO and is included in the consolidated financial statements. Recognition of revenue: Cash donations and trading activities are recognised on receipt. Income tax recoverable in relation to donations received under Grfi Aid is recognised at the time of donation. 19 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 Recognition of expenditure: Expendf(ure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fulty recovered. and is reported as part of the expenditure to which it relates. Exp9ndituro on raising funds: These comprise the costs directly and indirectly associated with attracting voluntary income, such as marketing. advertising, and direct costs 8SSOCl8ted with the processing of donations. Expenditurg on charitsble activities: These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtheran¢e of its objects, including the making of grants and govemance costs. Grants payable.. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs: These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audiuindependenl examination fees, cosls linked to the strategic management of the Charity, together with a share of other administration costs. Othèr èxponditure", These are support costs not allocated to a particular activity. Support costs.. The charity all￿aleS supwrt costs to individual charitable activities in line with the Charities SORP IFRS 1021, ensuring that the full cost of delivering each program is accurately reflected. Support costs, including governance, administration, finance, and human resources, are apFX)rtioned lo programs on a reasonable and consistent basis, typically by lime spenl or direcl expenditure. Taxation.. The charity is exempl from corporation lax on ils charitable aclivilies. Tanglble flxod assets and depre¢latson: A tangible fixed asset 1$ recognised when.. 1. It is probable that future economic benefrts or service FK)tential will flow to Happy Doggo., 2. The cost or fair value Can be n*asured reliably; and 3. The item has an expected useful life exceeding one year Assets are originally measured at cost. Assets are carried at cost. less accumulated depreciation and impairment losses. Revaluation is not routine￿ applied. Depreciation is provided at the following annual rates in order to wrile off each asset over its estimated useful life.. Computer equipment 33°k straight line 20 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 Trade and other debtors" Trade and other debtors are recognised at the setdement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and ¢a$h gquivalgnts: Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-tem highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equwalents are shown net of bank overdrafts that are repayable on demand and fomi an integral part of the company's cash management. Currency.. Accounts are prepared in pounds sterling. Trade and other ¢reditors-. Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probabty result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normalty recognised al their settlement amount after allowing for any trade discounts due. Research and development: Expenditure on research and development is written off in the year in which it is incurred. Foreign currency: Monetary assets and liabilr(ies denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the dale that the transaction occurred. All exchange differences are taken into account in arriving at net incomelexpenditure. Receipt of donated good3. facilities. and services: Donated goods, facilities and services received are recognised within incorning resources and expenditure at an estimate of the value lo the charity. Company Ststus: The charity is a CIO and does not have share capital. 1 Income from donations and legacies Unrnstrlct•d Rutslcted Tgtsl InGOllM andendowmont riP.np.rAI nnnAlirJrn4 P￿-tradIng donats.ons ingalhefed by f￿nd Total 935,182 2.311.871 76,666 250.259 1,011,848 2.562.136 21 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 2 Income from investhients InvopJmentAnwn Barik intor981 TiJlAI 578 576 3 Trading activitie8 Unr••tslet•d R•strlct•d Total Tradln9 Jcllvty Int8fwt Incomo Sa18s ineeffjè ShiwThJ income Tot81 123,186 24,810 147.997 123.186 24,810 147.997 30 Charlty In¢omo and endowments u￿￿trIcI•d R￿IrfGt•d T+)t41 Income ond cndowmonto Ganar81 Donati¢ Donavon from Tradlrwj Cwry Pra.tradinu tal Actsvtticg in Thoilond Grants mad• Govemance costs Total 1,226 1.471,048 32,992 1.505,265 1.471,048 32.W2 1.9)5,265 23 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 7 Expenditurg on trading activities Cost of gooJ5 soh* I￿a￿VerSb19VAT PgyPal fe85 6hopbty l•e& Shippno f8og unt8ncy fe88 Bonk1o•s 52.063 5.525 e73 52.063 5,525 973 27.339 4.036 27.339 4.036 94.625 94,625 8 Analy818 of grants Grnnts to In•titutlon• Total Actlvlty or progr•mm• CNVRpm9r&mm Phan9an Care for Str8 Bali Powe 17.2CrfJ 349.446 52.562 6.333 6.320 80.483 488.603 110.049 270.8r 17,200 349,445 52,562 6.333 6.320 80,483 488.603 110.049 270,806 Dog Carg Clinic EV Dzlko Projecl Paws of Nusa Penmda Rob'¥ Do9¥ Foundati Sol Dc4 FoundAllon Mall Todcs Co. Ltd IDBA V8tVanl WECare Wor1dv￿de Happy D(yJgo Thailand Co. Ltd. Totsl 89.247 1.471.048 89,247 1,471,048 Further details of the above aclivilies and programn￿$ are explained in the Truslees Report. 24 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 9 Other expenditure 11.074 11.074 122,450 12.388 145.972 122,450 12.368 145.9n Genwal adMin￿traINe cr*ts Td•l 10 Auditor's remuneration Tot•1 Foe8 payable to the Charttys audllorfoT the audtt of the ChaW8 annual acojunts 12.800 12,600 11 Trustee remuneration and expen988 No remuneration or expense reimbursements were paid to any trustees during the period. 12 Staff ¢osts No employee received emolumenls in excess of £60,000. The lolal number of employees during the year was nil. 25 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 13 Tangible fixed assets Comput•r •qulpm•nt Tot•1 ¢￿t or r•Y•lu￿10Th Addltions At 31 December 2024 2.198 2.198 2.198 2,198 O•proclatlon and Impalnn•nt DeprerAatson charge lor the ye Al 31 De¢&mL*r 2024 N•t book value* Al 31 Ds¢wnL*r 2024 2.138 2.138 14 Charity Investments Inv••lm•nt In •ub•Id1•rf￿ £ Tot•1 Colt or r•v•luatlon AddiU'on At 21 nAfAmhAr ?n?4 N•t book valu Al 31 Do￿rnb8r 2024 Investment in $ubsidiarles: The charity has the following subsidiary undertakings- 26 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 C4pilal and r•••rv•• •¢ PmfftlllM•l end of for relovant yg•r Company of %ty•of Namo ofC<>mpany Hapwy uow Ir8¢JiNJ UO. Ir£Jmrkgny nr) 1W71?71 Erythl I￿1 WAIAt 36 Litchfidd Way, Lcth. UK, NW116NJ Happy Doggo trading generated revenue of £147.997 and incurred expenses of £94,625. All resultant profit was donated to Happy Doggo CIO. 15 Consolldated Debtors Gr•up Charfty D•bto Amounts by gnjup undertaklngs Acojunts receNable PrftpaymHntN And ArAyuÈd intt)m Total 184,￿2 3,144 3.233 135.527 281.913 16 Current Inve$tments 2024 Inv•8tm•Thts Short lem deposits {including 9￿8Y I￿tice aco)unt) Total 200.566 200.566 27 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 17 Consolidated Creditors Group Charfty Credltors Amounts lalling due ￿￿thIn ￿ yew Accruals 88.758 3.984 92.742 86.975 VAT Payable Total 86.975 18 Movement in funds In¢•ml ourc At31 Ilndudlng oth•r Rwuru¥ DKomb•r 20?4 R••trl¢t•d lund• 250,259 250,259 18551 18561 249,404 219,404 T¢)tAI Unr•#trl¢t•d fvnd• General fund$ 2,479,7 11.924,3001 555,490 TotAI fvnda 2,730,049 11.925,1661 804,80 Purposes and restrictions in relation to the funds: Funds restricted for fina's Hospital are to build a hospital for street dogs in Koh Samui. Thailand. 28 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 19 Analysis of net assets between funds Unr••trlct•d RMtrlct•d fvnd• lund• Total Fixed a88ets 2,138 553.352 2,138 802,756 Net ojrrent assets 249.404 Totsl SSS.4 249.404 04.894 20 Analysis of Cash and Cash Equivalents 2024 An•ly*l• ol C8•h •nd C••h EqU￿•1•nI¥ Cash in hand SS9.405 Notlce deposlts11888 than 3 months) Overdraft facility repayable on demand Tot81 cash and cash equiv8lents 559.405 21 Rolated party disclosures Tran$a¢tion$ wlth related partles Name of related paty Happy Doggo Trading Lld. Description of relationship betsyeen the parties holty owned trading subsidiary Description of transaction and general amounts involved Transfer all surplus £153,372) to the Charity as donation. Amount due fromlltol the related paty £184,962 due on or before 31 December, 2025 with 40/0 interest applied after 90 days from loan recognition. Name of related party Niall Harbison Description of relationship be￿een the parties CEO of the charity 29 Happy Doggo CIO Notes to the Accounts for the period ended 31 t)ecember. 2024 Description of transaction and general amounts involved Donation of £1.011,848 representing pre-trading donations ingathered. Amount due fromlltol the related paty Name of related party Happy Doggo Company Ltd. Description of relationship between the partie$ Niall Harbison is a director of this company based in Koh Samui, Thailand. Description of transaction and general amounts involved Grant payment of £89,247 made to Happy Doggo Company Ltd. Amount due fromlltol the related paty Controlling party The charity is governed by a board of trustees, who Collective￿ have significant control of Ihe entity. 30