Saints Sled Dog Rescue Ltd
Charity No. 1204365
Company No. 14903465
Trustees' Report and Unaudited Accounts
31 May 2024
Saints Sled Dog Rescue Ltd Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 6 | |
| Statement of Financial Activities | 7 | |
| Summary Income and Expenditure Account | 8 | |
| Balance Sheet | 9 | |
| Notes to the Accounts | 10 to | 15 |
Page 1
Saints Sled Dog Rescue Ltd Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the period ended 31 May 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 14903465
Charity No. 1204365
Principal Office
Mahon House Boarding Kennels Garmondsway Ferryhill England DL17 9DY
Registered Office
Mahon House Boarding Kennels Garmondsway Ferryhill England DL17 9DY
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
M. Bateman D. Burbridge H. Saville L. Simpson
Accountants
Mason & Co 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN
Bankers
Barclays Bank Plc 1 Churchill Place London, E14 5HP
OBJECTIVES AND ACTIVITIES
Page 2
Saints Sled Dog Rescue Ltd
Trustees Annual Report
The purpose of the charity as set out in its governing document is to promote humane behaviour towards animals, in particular Siberian huskies and Alaskan malamutes by providing appropriate care, protection, treatment and security for such dogs which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage, and to educate the public in matters pertaining to animal welfare in general and the welfare of Siberian huskies and Alaskan malamutes in particular, and the prevention of cruelty and suffering among such animals.
The associated Charity, Saints Sled Dog Rescue (Charity No. 1179637), is an unincorporated Trust which was registered in England and Wales on 22 August 2018. This entity had been working on securing funding for a kennels site to facilitate the objectives of the Charity. In May 2023 this funding was secured in principle. The decision was taken to move forward with an incorporated entity and the old Trust would be closed. On 30 May 2023 Saints Sled Dog Rescue Ltd (SSDR) was incorporated and obtained charitable status in England and Wales on 16 August 2023 under the Charity number 1204365.
Mahon House Boarding Kennels was identified as a suitable site for the Charity. It was an existing boarding kennels business which would provide a suitable and safe environment for animals under the care of the Charity. The site would also be able to act as a head office for the Charity and provide space for expansion if required. A proportion of the site's kennels would be made available to the public to provide an income for the Charity to assist in the provision of its objectives.
In October 2023 SSDR started operations at the Mahon House site. At this point operations from the Saints Sled Dog Rescue Trust transferred to SSDR. The Trust will be removed from the Charities Commission Register.
The main activities undertaken in relation to the objectives of the Charity are detailed below: - Rescue and rehome of dogs where possible. Providing vet care where necessary.
- Assistance and education
ACHIEVEMENTS AND PERFORMANCE
The Trustees confirm that they have complied with their statutory duty to have due regard to the Charities Commission general guidance on public benefit. The main achievements in the year are as follows: - The successful rehoming 72 dogs in the year. Through a continuation of the Charity's commitment to animal welfare and responsible rehoming practices.
-Investment agreement and property purchase. In May 2023, an agreement was finalised regarding the provision of funding and a property was secured. The Charity successfully relocated to the new site in October 2023.
-Expansion preparation. The acquired kennels mark the beginning of a broader expansion strategy. Architectural consultations have commenced and plans are being developed to expand the provision for rescue animals. Cost projections, grant applications and fundraising strategies will be finalised after Trustee approval and before the submission of planning approval.
-Trustee appointment. Damion Burbridge has joined as a new Trustee.
-Partnerships. Ongoing collaboration with Pets at Home has been renewed, alongside new partnerships with the RSPCA, Wood Green, Battersea Dogs Home and Animal Dogs and Cats Home. A productive relationship has also been initiated with the local council, facilitating urgent accommodation for dogs in crisis. -Educational program development. The Charity hosted its first on-site trial educational programme with plans underway to extend these efforts to local school visits.
FINANCIAL REVIEW
Page 3
Saints Sled Dog Rescue Ltd
Trustees Annual Report
The Charity's main sources of income include: -General donations. -Sponsorship of dogs in care. -Donations from adopters. -Fundraising events. -Merchandise sales.
The move to the Kennel's facility has is designed to safeguard the long term future of the charity. Income generated through the boarding of third party animals should provide a regular and stable income and relieve the pressure on donations as a source of income.
Longer term gaols include securing grant funding for specific initiatives and forming long term sponsorship relationships.
Reserves are used in line with the Charity's objectives. However, the Trustees aim to build reserves equal to three months of operating costs. This reserve would serve as a buffer against unexpected income drops or, if needed, allow for an orderly wind-down of operations.
Both the Charity and accounting support have experienced issues with their respective accounting systems in the year which has contributed to the late filing of these accounts. These issues have now been resolved and moving forward will not be a problem for the Charity.
PLANS FOR FUTURE PERIODS
The Charity now plans to focus on the following:
-Expansion of the kennel's facility. The aim is to increase capacity for rescue animals and improve operational efficiency.
-Develop partnerships and growth. Establishing relationships with suppliers of natural dog treats and accessories. Plans also include hiring staff, updating the website and reviewing internal policies.
-Public engagement. Increased presence at shows to raise awareness, attract volunteers and bring more dogs into the rescue.
-Media outreach. Launching a rescue dog podcast to further outreach and share success stories.
-Technology upgrade. Implementing a new database system to enhance communication with staff, foster carers, adopters and those relinquishing dogs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Page 4
Saints Sled Dog Rescue Ltd
Trustees Annual Report
The Charity is an incorporated entity controlled by its governing documents. Memorandum and articles incorporated 30 May 2023 as amended by special resolutions 8 August 2023. The Charity obtained charitable status in England & Wales on 16 August 2023. The objectives of the Charity are noted above.
The Charity works closely with its sister organisation, Saints Sled Dog Rescue (SC044070), a registered Charity in Scotland. It remains open to forming further relationships with organisations that share its mission and values.
The Board of Trustees is made-up of 4 individuals. Two of the Trustees are paid employees and are responsible for the day to day management of the Charity and Kennels facility. Although the Trustees are in contact on a daily basis they will aim to meet 4 times a year (including the AGM). To carry out it's objectives the Charity has split the United Kingdom into 18 areas. The Republic of Ireland is currently treated as one area. These areas are currently managed by volunteer area co-ordinators who have the following responsibilities:
-
Liaise with Trustees on a daily basis.
-
Assess dogs to be rescued.
-
-Organise adoptions or foster homes for dogs.
-Carry out home checks for potential adopters or fosterers.
-Promote the Charity and undertake educational activities.
As the Charity grows it will be necessary to increase the number of regions and area co-ordinators.
Any new Trustees would be invited to join the Board. This would generally be from existing volunteers. However, the Charity is always looking to bring in additional expertise (legal or financial) from outside the existing pool of volunteers. This is seen as an important part of the development of the Charity. New Trustees would currently be given verbal training and support from the existing Trustees. They would be required to review and be clear of their responsibilities through the use of online resources. The Board are considering producing a new Trustee pack that would be specific to the Charity.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
M. Bateman Trustee
12 May 2025
Page 5
Saints Sled Dog Rescue Ltd Independent Examiners Report
Independent Examiner's Report to the trustees of Saints Sled Dog Rescue Ltd
I report to the charity trustees on my examination of the financial statements of Saints Sled Dog Rescue Ltd for the period ended 31 May 2024.
Responsibilities and basis of report
As the charity's trustees of the company (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 your charity's financial statements 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 statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
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.
Robin Borgognoni FCCA Mason & Co 6 The Old Quarry Nene Valley Business Park Oundle Peterborough PE8 4HN 12 May 2025
Page 6
Saints Sled Dog Rescue Ltd Statement of Financial Activities
for the period ended 31 May 2024
| Notes Income and endowments from: Donations and legacies 3 Other trading activities 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds carried forward |
Unrestricted funds 2024 £ 167,177 72,217 |
Total funds 2024 £ 167,177 72,217 |
|---|---|---|
| 239,394 64,019 75,627 |
239,394 64,019 75,627 |
|
| 139,646 - |
139,646 - |
|
| 99,748 - |
99,748 - |
|
| 99,748 | 99,748 | |
| 99,748 | 99,748 | |
| 99,748 | 99,748 |
Page 7
Saints Sled Dog Rescue Ltd Summary Income and Expenditure Account
for the period ended 31 May 2024
| Income Gross income for the period Expenditure Total expenditure for the period Net income before tax for the period Net income for the period |
2024 £ 239,394 |
|---|---|
| 239,394 | |
| 139,646 | |
| 139,646 | |
| 99,748 | |
| 99,748 |
Page 8
Saints Sled Dog Rescue Ltd Balance Sheet
at 31 May 2024
| at 31 May 2024 Saints Sled Dog Rescue Ltd Balance Sheet |
||
|---|---|---|
| Company No. 14903465 |
Notes | 2024 |
| £ | ||
| Fixed assets | ||
| Tangible assets | 8 | 645,603 |
| 645,603 | ||
| Current assets | ||
| Stocks | 9 | 1,200 |
| Debtors | 10 | 700 |
| Cash at bank and in hand | 4,988 | |
| 6,888 | ||
| Creditors:Amount falling due within one year | 11 | (26,618) |
| Net current liabilities | (19,730) | |
| Total assets less current liabilities | 625,873 | |
| Creditors:Amounts falling due after more than one year | 12 | (526,125) |
| Net assets excluding pension asset or liability | 99,748 | |
| Total net assets | 99,748 | |
| The funds of the charity | ||
| Restricted funds | 13 | |
| Unrestricted funds | 13 | |
| General funds | 99,748 | |
| 99,748 | ||
| Reserves | 13 | |
| Total funds | 99,748 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the period ended 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 12 May 2025
And signed on its behalf by:
H. Saville
Trustee
12 May 2025
Page 9
Saints Sled Dog Rescue Ltd Notes to the Accounts
for the period ended 31 May 2024
- 1 Accounting policies
Basis of preparation
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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
Saints Sled Dog Rescue Ltd Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance 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 audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
No depreciation is provided on freehold property.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term 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 equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Page 11
Saints Sled Dog Rescue Ltd Notes to the Accounts
Trade and other creditors
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 probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at 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 currencies
Monetary assets and liabilities 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 date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 12
Saints Sled Dog Rescue Ltd Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
3 Income from donations and legacies
----- Start of picture text -----
Unrestricted Total
2024
£ £
167,177 167,177
----- End of picture text -----
| 4 Income from other trading activities 5 Expenditure on raising funds Fundraising trading costs 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs |
167,177 Unrestricted £ 72,217 72,217 Unrestricted £ 64,019 64,019 Unrestricted £ 72,604 3,023 75,627 |
167,177 |
|---|---|---|
| Total 2024 £ 72,217 |
||
| 72,217 | ||
| Total 2024 £ 64,019 |
||
| 64,019 | ||
| Total 2024 £ 72,604 3,023 |
||
| 75,627 |
7 Staff costs
No employee received emoluments in excess of £60,000.
Page 13
Saints Sled Dog Rescue Ltd Notes to the Accounts
£
£
- 8 Tangible fixed assets
Cost or revaluation
| Additions At 31 May 2024 Net book values At 31 May 2024 9 Stocks |
645,603 645,603 645,603 |
645,603 |
|---|---|---|
| 645,603 | ||
| 645,603 | ||
2024 £ Raw materials and consumables 1,200 1,200
10 Debtors
| Debtors | |
|---|---|
| Other debtors | 2024 £ 700 |
| 700 |
11 Creditors:
amounts falling due within one year
| Other loans Trade creditors Other taxes and social security Accruals 12 Creditors: amounts falling due after more than one year Other loans 13 Movement in funds Restricted funds: Unrestricted funds: General funds Total funds |
2024 £ 18,300 2,650 4,468 1,200 26,618 2024 £ 526,125 526,125 Incoming resources (including other gains/losses ) £ 239,394 239,394 |
Resources expended £ (139,646) (139,646) |
At 31 May 2024 £ 99,748 |
|---|---|---|---|
| 99,748 |
Page 14
Saints Sled Dog Rescue Ltd Notes to the Accounts
14 Analysis of net assets between funds
| Analysis of net assets between funds | ||
|---|---|---|
| Fixed assets Net current assets Creditors due in more than one year and provisions Reconciliation of net debt Cash and cash equivalents Borrowings Net debt |
Unrestricted funds £ 645,603 (19,730) (526,125) 99,748 Cash flows £ |
Total £ 645,603 (19,730) (526,125) |
| 99,748 | ||
| At 31 May 2024 £ |
||
| 4,988 | 4,988 | |
| 4,988 (544,425) (544,425) (539,437) |
4,988 (544,425) |
|
| (544,425) | ||
| (539,437) |
15 Reconciliation of net debt
16 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 15
Saints Sled Dog Rescue Ltd Detailed Statement of Financial Activities
for the period ended 31 May 2024
| Income and endowments from: Donations and legacies Other trading activities Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Governance costs Total of expenditure on charitable activities Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 167,177 167,177 72,217 72,217 239,394 64,019 64,019 64,019 72,604 72,604 3,023 3,023 75,627 139,646 - 99,748 99,748 - 99,748 - 99,748 |
Total funds 2024 £ 167,177 |
|---|---|---|
| 167,177 | ||
| 72,217 | ||
| 72,217 | ||
| 239,394 64,019 |
||
| 64,019 | ||
| 64,019 72,604 |
||
| 72,604 | ||
| 3,023 | ||
| 3,023 | ||
| 75,627 139,646 - |
||
| 99,748 | ||
| 99,748 - |
||
| 99,748 | ||
| - | ||
| 99,748 |
Page 16