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2021-12-31-accounts

Page
Reference and Administrative
Details		 1 to2
Chairman's Statement
Report of the Trustees 4to8
Report of the Independent Auditors 9to 11
Consolidated Statement of Financial Activities 12
Consolidated and Charity Statement of Financial Position 13
Consolidated Statement ofCash Flows 14
Notes to the Financial Statements 15to 25
Trustees JSWheatley
(Chairman)		 JSWheatley
(Chairman)		 JSWheatley
(Chairman)
Mrs C H Taylor
P D Barnett
Mrs G Wilyman
RJ Venner
Ms C Powell
Ms J P Laraway
Mrs S Butler
Mr A Whelan (resigned 1"October		 2021)
Ms L Millard
Mrs C Mawston
Mrs N Ahmed
(appointed		 18'"August 2021)
Patrons Lord Mayor of Birmingham
Chief Constable of West Midlands Police
Earl of Aylesford
Mayor of Solihull
Officers SWynde (Treasurer)
G Webber (Chief Executive)
Registered office Catherine-de-Barnes Lane
Catherine-de-Barnes
Solihull
B92ODJ
Registered company number 00662947
Registered charity number 222436
Auditors Haines Watts Birmingham LLP
5 - 6Greenfield Crescent
Edgbaston
Birmingham
B153BE
Bankers Lloyds Bank PLC
9-11 Poplar Road
Sol&hull
B91 3AN
Solicitors Higgs and Sons
3Waterfront
Business		 Park
Brierley
Hill
West Midlands
DY5 1LX

Consolidated Statement of Financial
Activities
For the ear ended 31December 2021
Unrestricted Restricted Total Total
Note funds fund 2021 2020
2 2 2
Income and endowments from
Donations
and legacies		 1,279,856 50,000 1,329,856 1,088,946
Charitable
activities
Re-homing
dogs		 276,442 276,442 202,984
Other trading activities 227,568 227,568 87,691
Investment
income		 231,177 231,177 216,846
Other Income 45,904 45,904 49,054
Total incoming resources 2,060,947 50,000 2,110,947 1,645,521
Expenditure
on
Raising funds 335,952 335,952 238,597
Charitable
activities
Re-homing
dogs		 2,283,328 50,000 2&333,32S 2,426,707
Other expenditure 2,691 2,691 2,621
Total resources expended 2,621,971 50,000 2,671,971 2,667,925
Net (expenditure)
before Investment		 gains/(losses) (561,024) (561,024) (1,022,404)
Net gains on investment 990,566 990,566 440,804
Net Income/(expenditure) 429,542 429,542 (581,600)
Transfers between
funds
Net movement
In funds		 429,542 429,542 (581,600)
Funds brought forward at 1 January 2021 17,562,491 17,132,949 17,714,549
Funds carried forward at 31 December 2021 17,992,033 17,562,491 17,132,949

2021 2020
Note f 2
Cash flows from operating
activities:		 26 (454,550) (617,439)
Net cash provided
by (used In) operating		 activities (454,550) (617,439)
Cash flows from investing
activities:
Purchase oftangible
fixed assets		 (929,444) (134,789)
Purchase offixed asset investments (863,634) (1,019,678)
Sale of fixed asset investments 895,068 1,046,423
Interest received 231,177 216,846
Net cash provided
by (used in) Investing		 activities (666,833) 108,802
Change
in cash and cash equivalents		 in the reporting period (1,121,383) (508,637)
Cash and cash equivalents
at the beginning		 ofthe reporting period 1,933,331 2,441,968
Cash and cash equivalents
at the end		 of the reporting period 811,948 1,933,331

VAT
VAT recoverable
by the Charity is shown
in debtors. The Birmingham		 Dogs Home Limited and Birmingham Dogs Home (Trading) Limited are part of a
VAT group.
Fixed assets
Fixed assets are included at cost or valuation,
items below 2500 will be		 normally expensed through
the statement		 of financial activities.
Depreciation
Depreciation
is provided
to write
off the cost or valuation,
less		 estimated residual values of all fixed assets except freehold land, over their expected
useful lives. It is calculated at the following rates:
Buildings
- 5%ofthe cost per annum
Fixtures and fittings
-
10%ofthe cost per annum
Vehicles
- 25%ofthe cost per annum
Computer
equipment
- 33.33%ofthe cost per annum
Assets
in the course of construction
are included
at cost. Depreciation		 on these assets is not charged
until		 they are brought into use.
Stocks
Stocks are valued at the lower of cost or net realisable
value.		 Unsold donated items are not included.
Taxetlon
The charity is exempt from corporation
tax on its charitable
activities.
Fund Accounting
Unrestricted
funds are donations
and other income resources		 receivable or generated for the objects of the charity without further specified purpose and
are available as general funds.
Designated
funds are unrestricted
funds earmarked
by the management		 committee for particular
purposes.
Restricted
funds are to be used for specific purposes as laid		 down by the donor. Expenditure
which meets		 these criteria is charged to the fund, together
with a fair allocation
of management
and support costs.
Pension costs and other post-retirement
benefits
The charity operates a defined
contribution
pension scheme.		 The assets of the scheme are held separately from those of the charity. The pension cost
charge represents
contributions
paid by the charity to the fund.
Hire purchase
and leasing commitments
Rentals applicable to operating leases where substantially
all		 ofthe benefits and risks of ownership
remain		 with the lessor are charged against income on
a straight
line basis over the period ofthe lease.
Debtors and creditors receivable/payable
within one year
Debtors and creditors
with no stated interest
rate and receivable		 or payable within one year are recorded at transaction
price. Any		 losses arising from
impairment
are recognised
in expenditure.
Critical accounting
judgements
and key sources ofestimation		 uncertainty
In the application
of the accounting
policies, trustees are required		 to make judgement, estimates
and assumptions		 about the carrying value of assets and
liabilities
that are not readily
apparent
from other sources.		 The estimates and underlying assumptions are based on historical experience and other
factors that are considered to be relevant.
Actual results mav		 differ from these estimates.
The estimates
and underlying
assumptions
are reviewed
on		 an on-going basis. Revisions to accounting estimates
are recognised		 in the period in which
the estimate
is revised
if the revision affects only that period or in		 the
Judgements
made by the Trustees
in the application
ofthese		 accounting policies that have a significant effect on the financial statements and estimates
with a significant
risk of material
misstatement
in the next year,		 are deemed to be in relation to the depreciation rates of tangible fixed assets and are
discussed above.
The areas where these judgements
and estimates
have been		 made include the following
for		 the group:
a) Depreciation
and residual values
The Trustees
have reviewed
the asset lives and associated		 residual values of all tangible
fixed asset classes, and have concluded		 that the asset lives
and residual values are appropriate.
b) Accrued income
Accrued income includes legacy income amounts.
In recognising		 accrued legacy income, the Trustees have considered
the		 probability of receiving each
legacy. Each legacy is assessed to determine
an appropriate		 allowance which reflects the possibility of not subsequently
receiving		 the full income
amounts.

Total Total
2021 2020
6
Donations 399,808 347,453
Legacies 930,048 741,493
1,329,856 1,088,946
Included
in donations		 above is250,000 of restricted donations.
Other trading activities
Total Total
2021 2020
2 2
Fundraising
events		 123,498 24,463
Shop income
Income ofTrading subsidiary		 (see note 7) 1,677
102,393		 2,088
61,140
227,568 87,691
Investment
Income
Total Total
2021 2020
2
Deposit account interest 351 4,421
Dividends
and		 interest from listed investments 230,826 212,425
231,177 216,846
Income from charitable activities
Total Total
2021 2020
Activity 6
Income from general
public
Local authority contracts		 Re-homing
Re-homing		 dogs
dogs		 102,555
72,319		 115,874
87,110
Government
grants		 1011568
276,442 202,984
Included
in the		 above is F50,000of restricted income. All other funds are restricted.
Other Income
Total Total
2021 2020
2
Pet plan commission
received
Miscellaneous
income		 43,012
1,109		 46,003
711
Feed in tariff 1,783 2,340
45,904 49,054
Trading company
The wholly owned trading		 subsidiary Birmingham Dogs Home (Trading) Limited is incorporated in the United Kingdom (company
number		 11689015) and
pays profits, which are surplus to trading requirements, to the charity under adeed of covenant.
The summary financial performance ofthe subsidiary is:
2021 2020
2 6
Turnover 102,393 61,140
Cost ofsales
Gross profit
102,393 61,140
Administrative expenses (89,203) (65,801)
Operating
Profit/(losses)		 13,190 (4,661)
Taxation
Retained profi t/(losses) 13,190 (4,661)

Raising funds
Total Total
2021 2020
2
Staff costs 118,896 102,394
Investment
manager fees		 31,870 28,903
Publicity 64,068 50,833
Show costs 25,397 19,014
Office expenses and administrative
support		 60,601 28,901
Vehicle costs 4,699 3,778
Depreciation 4,997 4,774
Veterinary costs 25,424
335,952 238,597
Charitable
activity costs
Direct costs Support costs Totals
(coonote 10) (see note 11)
2 8 2
Charitable
activities		 2,3141959 18,369 2/33,328
Direct costs of charitable activities
Total Total
2021 2020
2 F
Staff costs 1,161,206 1,214,502
Sundries 33,143 39,749
Yard and veterinary
expenses		 307,834 329,868
Office expenses 72,885 63,037
Rates and insurance 54,056 53,883
Light, heat and water 73,362 74,253
Van costs 10,283 9,762
Repairs and renewals 28,829 34,354
Depreciation 573,361 576,184
2,314,959 2,395,592
Supportcosts 2021 2020
Governance costs 2 2
Auditors'
remuneration		 10,792 10,750
Auditors'
remuneration		 for non audit work 6,533
Legal and professional fees 5,302 9,466
AGM, annual
report and meeting costs		 2,275 4,366
18,369 31,115
Net Income/(expenditure)
Net (expenditure)/ income is stated after charging/(crediting):
2021 2020
2
Fees payable to charity's auditors to the audit of the financial statements 10,792 10,750
Auditors'
remuneration		 for non audit work 2,500 6,533
Depreciation
-owned		 assets 573,361 576,184

Total funds
2020
2
Income and endowments from
Donations
and legacies		 1,088,946
Charitable
actlvNles
Re-homing
dogs
Other trading activities		 202,984
87,691
Investment
income		 216,846
Other income 49,054
Total Incoming resources 1,645,521
Expenditure
on
Raising funds 238,597
Charitable
activities
Re-homing
dogs		 2,426,707
Other expenditure 2,621
Total resources expended 2,667,925
Net Income/(expenditure) before investment gains/(losses) (1,022,404)
Net gains/ (losses) on investment 440,804
Net Income/(expenditure) (581,600)
Transfers between
funds
Net movement
In funds		 (581,600)
Funds brought
forward		 at 1 January 2020 17,714,549
Funds carried forward at 31 December 2020 17,132,949
14 Trustees'
remuneration		 and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
15 Staff costs
2021 2020
6 2
Wages and salaries
Social security costs		 1,1531151
66,170		 1,167,911
79,429
Other pension costs 60,781 69,556
1,280,102 1,316,896
The average
monthly
number		 ofemployees during the year was as follows: 2021 2020
6 2
Direct charitable
expenditure
Fundraising
and publicity		 50
3		 50
3
Management
and administration		 ofcharity 3 3
56 56
The number
ofemployees		 whose employee benefits (excluding employers pension costs) exceeded 260,000was:
2021 2020
2 2
290000-2100000 1 1
Tangible fixed assets
~Grou
Freehold Fixtures & Motor
property equipment vehlcfes Total
6 2 2 2
Cost
As at 1 January 2021 9,385,907 1,438,767 79,156 10,903,830
Additions 832,319 97,125 929,444
As at 31December 2021 10,218,226 1,535,892 79,156 11,833,274
Depreciation
As at 1 January 2021 3,598,281 8151819 79,156 4,4931256
Charge for the period 433,892 135,059 568,951
As at 31 December 2021 4,032,173 950,878 79,156 5,062,207
Net book value
As at 31 December 2021 6,186,053 585,014 6,771,067
As at 31 December 2020 5,787,626 622,948 6,410,574
Chsrlay
Freehold Fixtures & Motor
property equIpment vehicles Total
2 2 2 2
Cost
As at 1 January 2021 9,385,907 1,438,767 79,156 10,903,830
Additions 832,319 97,125 929,444
As at 31 December 2021 10,218,226 1,535,892 79,156 11,833,274
Depreciation
As at 1 January 2021		 3,598,281 815,819 79,156 4,493,256
Charge for the period 433,892 135,059 568,951
As at 31 December 2021 4,032,173 950,878 79,156 5,062,207
Net book value
As at 31 December 2021 6,186,053 585,014 6,771,067
As at 31 December 2020 5,787,626 622,948 6,410,574
~Grou
Listed shares Totals
2 2
Market value at 1 January 8,643,558 8,643,558
Additions at cost 863,634 S63,634
Disposals at opening
book value
Realised gains/ (losses)		 (895,068)
41,537		 (895,068)
41,537
Net unrealised
investment		 gains a4a,029 949,029
9,602,690 9,602,690
2021 2020
The market value of Investments as at 31 December 2021 can be analysed as: f
Investment assets in the UK 7,043,671 3,630,973
Investment assets outside the UK 2,559,019 5,012,585
9,602,690 8,643,558

26 Reconciliation
of net Income		 Reconciliation
of net Income		 Reconciliation
of net Income		 to net cash flow from operating flow from operating activities
2021 2020
6
Net Income for the reporting period (as per the statement of financial activities): 429,542 (581,600)
Adjustments
for:
Depreciation
charges
Realised gains/ (losses) on investments		 568,951
(41,537)		 580,958
100,928
Interest received (231,177) (216,846)
Unrealised
(gain)/loss		 on investments (949,029) (541,732)
Increase in stocks 1,284
(Increase)/ decrease in debtors (294,169) 2,438
Increase in creditors 61,585 4,088
Net cash provided by (used in) operating activities (454,550) (651,766)
27 Analysis ofchanges in net funds
At 1/1/2021 Cash flow At 31/12/2021
Net cash 6 6 f
Cash at bank 1,933,331 - 1,121,383 811,948
Total 1,933,331 1,121,383 811,948