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2022-12-31-accounts

Page
Reference and Administrative
Details		 1 to 2
Chair man's Statement
Report ofthe Trustees 4to8
Report ofthe Independent
Auditors		 9to 11
Consolidated
Statement ofFinancial Activities		 12
Consolidated
and Charity Statement of Financial		 Position 13
Consolidated
Statement ofCash Flows		 14
Notes to the Financial Statements 15to23
Trustees J SWheatley
(Chairman)		 J SWheatley
(Chairman)		 J SWheatley
(Chairman)
Mrs C H Taylor
P D Bamett
Mrs G Wilyman
(resigned		 23"August 2022)
RJ Venner
Ms C Powell
Ms J P Laraway
Mrs S Butler
Mr A Whelan
(appointed 23" August 2022)
Ms L Millard
Mrs C Mawston
Mrs N Ahmed
Patrons Lord Mayor of Birmingham
Chief Constable ofWest Midlands Police
Earl ofAylesford
Mayor of Solihull
Victoria Vere Nicholl		 (appointed 23"August 20220
Officers SWynde (Treasurer)
GWebber (Chief Executive)
Registered office Catherine-de-Barnes Lane
Catherine-de-Bames
Solihull
B92ODJ
Registered company number 00662947
Registered charity number 222436
Auditors Haines Watts Birmingham LLP
5 - 6 Greenfield
Crescent
Edgbaston
Birmingham
B153BE
Bankers Lloyds Bank PLC
9-11Poplar Road
Solihull
891 3AN
Metro Bank pic
One Southampton Row
London WC1B 5HA
Solicitors Higgs and Sons
3Waterfront
Business		 Park
Brierley
Hill
West Midlands
DY5 1LX
Investment managers Investec
30 Gresham
Street
London
EC2V 7QP
CCLA Investment Management Limited
I Angel Lane
London
EC4R 3AB

Consolidated Statement of Financial Activities
Forthe ear ended 31 December 2022
Unrestricted Restricted Total Total
Note funds fund 2022 2021
Income and endowments from
Donations
and legacies		 2,031,657 295,750 2,327,407 1,329,856
Charitable
activities
Re-homing
dogs		 243,767 243,767 276,442
Other trading
activities		 216,299 216,299 227,568
Investment
income		 244,300 244,300 231,177
Other income 45,918 45,918 45,904
Total incoming resources 2,781,941 295,750 3,077,691 2,110,947
Expenditure
on
Raising funds 706,208 706,208 335,952
Charitable
activities
Re-homing
dogs		 2,067,233 295,750 2,362,983 2,333,328
Other expenditure 2,691
Total resources expended 2,773,441 295,750 3,069,191 2,671,971
Net income/(expenditure) before investment (losses)l gains 8,500 8,500 (561,024)
Net (losses)/gains
on investment		 (1,207,196) (1,207,196) 990,566
Net (expenditure)l
income		 (1,198,696) (1,198,696) 429,542
Transfers
between
funds
Net movement
in funds		 (1,198,696) (1,198,696) 429,542
Funds brought
forward at		 1January 2022 17,562,491 17,562,491 17,132,949
Funds carried forward at 31 December 2022 16,363,795 16,363,795 17,562,491

Group Charity Group Charity
Note 2022 2022 2021 2021
f E 6 E
Fixed Assets
Tangible
fixed assets		 16 6,514,860 6,514,860 6,771,067 6,771,067
Investments at market value 17 8,364,722 8,364,723 9,602,690 9,602,691
14,879,582 14,879,583 16,373,757 16,373,758
Current Assets
Stock 18 52,859 52,859 24,231 24,231
Debtors 19 255,684 256,769 575,397 576,482
Cash at bank and in hand 1,456,357 1,456,023 811,948 811,917
1,764,900 1,765,651 1,411,576 1,412,630
Creditors: Amounts falling due within
one year 20 (280,687) (281,439) (222,842) (223,897)
Total assets less total liabilities 16,363,795 16,363,795 17,562,491 17,562,491
Funds
Unrestricted funds
General fund 21 3,348,935 3,348,935 3,276,438 3,276,438
Designated
funds		 21 13,014,860 13,014,860 14,286,053 14,286,053
Restricted
funds		 21
16,363,795 16,363,795 17,562,491 17,562,491
2022 2021
Note 6 6
Cash flows from operating
activities:		 26 758,751 (454,550)
Net cash provided
by (used in) operating		 activities 758,751 (454,550)
Cash flows from investing
activities:
Purchase
oftangible
fixed assets		 (389,415) (929,444)
Purchase
offixed asset investments		 (1,278,794) (863,634)
Sale offixed asset investments 1,309,567 895,068
Interest received 244,300 231,177
Net cash provided
by (used in) investing		 activities (114,342) (666,833)
Change
in cash and cash equivalents		 in the reporting period 644,409 (1,121,383)
Cash and cash equivalents
at the beginning		 ofthe reporting period 811,948 1,933,331
Cash and cash equivalents
at the end		 of the reporting period 1,456,357 811,948

VAT
VAT recoverable
by the Charity is shown
in debtors. The Birmingham		 Dogs Home Limited and Birmingham Dogs Home (Trading) Limited are part ofa
VAT group.
Fixed assets
Fixed assets are included at cost or valuation,
items below		 f500 will be normally expensed through the statement offinancial 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%ofthecostperannum
Computer
equipment
- 33.33%ofthe cost per annum
Assets in the course ofconstruction
are included
at cost. Depreciation		 on these assets is not charged until they are brought into use.
Stocks
Stocks are valued at the lower ofcost or net realisable
value.		 Unsold donated items are not included.
Taxation
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 ofthe 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 ofmanagement
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 of the 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 ofassets
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
may		 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
ifthe 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
2022 2021
6 6
Donations 717,955 399,808
Donated assets 50,000
Legacies 1,559,452 930,048
2,327,407 1,329,856
Included
in donations		 above is 6295,570 (2021:650,000)ofrestricted donations.
3 Other trading activities
Total Total
2022 2021
6
Fundraising events 50,016 123,498
Shop income 3,245 1,677
Income of Trading subsidiary (see note 7) 163,038 102,393
216,299 227,568
4 Investment income
Total Total
2022 2021
6
Deposit account interest 3,482 351
Dividends and interest from listed investments 240,818 230,826
244,300 231,177
5 Income from charitable activities
Total Total
Activity 2022f 2021
Income from general public Re-homing dogs 138,200 102,555
Local authority contracts Re-homing dogs 105,305 72,319
Government grants 262 101,568
243,767 276,442
6 Other income
Total Total
2022 2021
6
Pet plan commission received 43,601 43,012
Miscellaneous income 198 1,109
Feed in tariff 2,119 1,783
45,918 45,904
Turnover
7 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 a deed ofcovenant.
The summary financial performance ofthe subsidiary is:
2022 2021
6 6
163,038 102,393
Cost ofsales
Gross profit
163,038 102,393
Administrative expenses (112,915) (89,203)
Operating
Profit		 50,123 13,190
Taxation
Profit before distribution 50,123 13,190
8 Raising funds
Total Total
2022f 2021
Staff costs 282,064 118,896
Veterinary costs 133,178 25,424
Investment
manager		 fees 30,022 31,870
Publicity 88,647 64,068
Show costs 49,014 25,397
Office expenses and administrative support 54,212 60,601
Vehicle costs 3,286 4,699
Depreciation 65,785 4,997
706,208 335,952
g Charitable
activity costs
Direct costs Support costs Totals
(see note 10)
F		 (see note 11)
6		 f
Charitable
activities		 2,325,110 37,873 2,362,983
10 Direct costs ofcharitable activities
Total Total
2022 2021
6 6
Staff costs 1,252,730 1,161,206
Sundries 33,032 33,143
Yard and veterinary
expenses		 195,268 307,834
Office expenses 83,566 72,885
Rates and insurance 56,294 54,056
Light, heat and water 73,055 73,362
Van costs 11,612 10,283
Repairs and renewals 45,670 28,829
Depreciation 573,883 573,361
2,325,110 2,314,959
11 Support costs
Governance costs 2022
6		 2021f
Auditors'
remuneration		 13,500 10,792
Auditors'
remuneration		 for non audit work 2,650 2,500
Legal and professional fees 17,207 2,802
AGM, annual
report and meeting costs		 4,516 2,275
37,873 18,369
12 Net income/(expenditure)
Net (expenditure)/
income is stated after charging/(crediting):
2022 2021f
Fees payable to chaiity's auditors to the audit ofthe financial statements 13,500 12,450
Profit on disposal offixed assets 300
Auditors'
remuneration		 for non audit work 2,650 2,500
Depreciation
-owned		 assets 573,883 573,361

13 Consolidated
Statement		 Consolidated
Statement		 ofFinancial Activities ofFinancial Activities ofFinancial Activities ofFinancial Activities ofFinancial Activities ofFinancial Activities 2021 2021
Unrestricted Restricted Total
funds fund 2021
E 6 6
Income and endowments from
Donations
and legacies		 1,279,856 50,000 1,329,856
Charitable
activities
Re-homing
dogs		 276,442 276,442
Other trading
activities		 227,568 227,568
Investment
income		 231,177 231,177
Other income 45,904 45,904
Total incoming
resources		 2,060,947 50,000 2,110,947
Expenditure
on
Raising funds 335,952 335,952
Charitable
activities
Re-homing
dogs		 2,283,328 50,000 2,333,328
Otherexpenditure 2,691 2,691
Total resources expended 2,621,971 50,000 2,671,971
Net (expenditure)/income before investment gains/(losses) (561,024) (561,024)
Net gains/ (losses) on investment 990,566 990,566
Net income 429,542 429,542
Transfers
between
funds
Net movement
in funds		 429,542 429,542
Funds brought
forward		 at 1January 2021 17,132,949 17,132,949
Funds carried forward at 31December 2021 17,562,491 17,562,491
14 Trustees'
remuneration		 and benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses
paid		 for the year ended 31 December 2022 nor for the year ended 31 December 2021.
15 Staff costs
2022
6		 2021f
Wages and salaries 1,363,885 1,153,151
Social security costs 94,456 66,170
Other pension costs 76,453 60,781
1,534,794 1,280,102
The average
monthly
number ofemployees		 during the year was as follows:
2022
6		 2021f
Direct charitable
expenditure		 55 50
Fundraising
and publicity		 3 3
Management
and administration		 ofcharity 4 3
62 56
The number ofemployees whose employee benefits (excluding employers pension costs) exceeded 660,000was:
2022
R		 2021f
690000 - F100,000 1 1

~Grou
Freehold Fixtures & Motor
propertyf equipmentf vehiclesf Total
Cost
Asat1 January2022 10,218,226 1,535,892 79,156 11,833,274
Additions 266,072 123,343 389,415
Disposals (5,000) (5,000)
As at 31 December 2022 10,484,298 1,659,235 74,156 12,217,689
Depreciation
As at 1 January 2022 4,032,173 950,878 79,156 5,062,207
Charge for the period 487,936 157,686 645,622
Elimninated
on disposal		 (5,000) (5,000)
As at 31 December 2022 4,520,109 1,108,564 74,156 5,702,829
Net book value
As at 31December 2022 5,964,189 550,671 6,514,860
As at 31 December 2021 6,186,053 585,014 6,771,067
Charity
Freehold Fixtures & Motor
propertyf equipmentf vehiclesf Total
Cost
As at 1 January 2022 10,218,226 1,535,892 79,156 11,833,274
Additions 266,072 123,343 389,415
Disposals (5,000) (5,000)
As at 31 December 2022 10,484,298 1,659,235 74,156 12,217,689
Depreciation
As at 1 January 2022 4,032,173 950,878 79,156 5,062,207
Charge for the period 487,936 157,686 645,622
Elimninated
on disposal		 (5,000) (5,000)
As at 31 December 2022 4,520,109 1,108,564 74,156 5,702,829
Net book value
As at 31 December 2022 5,964,189 550,671 6,514,860
As at 31 December 2021 6,186,053 585,014 6,771,067
The net book value as at 31 December 2022 represents fixed assets used for direct charitable purposes .
Freehold
property
includes		 f375,257 for the costs of land, which is not depreciated.
Freehold
property also includes fnil		 ofassets under construction, which are not depreciated until bought into use.
Fixed asset investments
~Grou
Listed sharesf Totals
f
Market value at 1 January 9,602,691 9,602,691
Additions at cost 1,278,794 1,278,794
Disposals at opening
book		 value (1,309,567) (1,309,567)
Realised (losses) (145,713) (145,713)
Net unrealised
investment		 gains (1,061,483) (1,061,483)
8,364,722 8,364,722
The market value of investments as at 31December 2022 can be analysed as: 2022 2021f
Investment
assets in the UK		 5,894,201 7,043,671
Investment
assets outside		 the UK 2,470,521 2,559,019
8,364,722 9,602,690
Fixed asset investments
-contin		 ued
The market value of investments is made up of: 2022f 2021f
Listed investments 8,313,889 9,577,272
Cash 50,833 25,418
8,364,722 9,602,690
Charity
In addition to the above managed investments, the Charity holds the following investments in subsidiary undertakings:
2022f 2021
f
Birmingham
Dogs Home (Trading)		 Limited 1 1
In addition to the above managed In addition to the above managed In addition to the above managed In addition to the above managed In addition to the above managed In addition to the above managed investments,
the		 Charity holds the following investments
in		 subsidiary
undertaki		 ngs:
2022f		 2021
f
Birmingham
Dogs Home (Trading)		 Limited 1
The above investment represents a 100%holding ofthe issued share capital of Birmingham Dogs Home Trading Limited, a subsidiary undertaking
which was incorporated on 21 November 2018and commenced to trade on 1 October 2019.
18 Stocks
Group Charity Group Charity
2022 2022f 2021f 2021
F
Goods for resale 52,859 52,859 24,231 24,231
52,859 52,859 24,231 24,231
19 Debtors
Group Charity Group Charity
2022f 2022f 2021 2021f
Trade debtors 10,279 11,364 7,609 8,694
Prepayments and accrued income 166,229 166,229 464,629 464,629
Other debtors 250 250 250 250
Amounts
owed to group undertakings
VAT recoverable 78,926 78,926 102,909 102,909
255,684 256,769 575,397 576,482
20 Creditors: amounts falling due within one year
Group Charity Group Charity
2022 2022 2021f 2021f
Trade creditors 183,645 183,645 135,528 135,513
Social security and other taxes 35,207 35,207 31,381 31,381
Other creditors 25,892 25,892 24,697 24,697
Amounts
owed		 by group undertakings 3,252 3,571
Accruals and deferred income 35,943 33,443 31,236 28,735
280,687 281,439 222,842 223,897
21 Movement
in		 funds
~Grou
Opening Incoming Outgoing Investment Closing
balancef resourcesf resourcesf gainsf Transfers balancef
General fund 3,276,438 2,781,941 (2,127,819) (1,207,196) 625,571 3,348,935
Designated
funds:
Property fund 6,186,053 (645,622) 974,429 6,514,860
Development
fund		 8,100,000 (1,600,000) 6,500,000
14,286,053 (645,622) (625,571) 13,014,860
Restricted funds
Pets At Home 295,750 (295,750)
Total Restricted
funds 295,750 (295,750)
Total Funds 17,562,491 3,077,691 (3,069,191) (1,207,196) 16,363,795

The development
fund h		 as been set aside to co ver the cost ofthe future development
plans.
22 Analysis ofnet assets between funds
General Restrictedf Designatedf Totalf
Tangible
fixed assets		 6,514,860 6,514,860
Fixed asset investments 3,764,722 4,600,000 8,364,722
Net current (liabilities)l assets (415,787) 1,900,000 1,484,213
Balance as at 31 December 2022 3,348,935 13,014,860 16,363,795
23 Leasing agreements
Minimum
lease payments		 under non-cancellable operating leases fall due as follows;
Group Charity Group Charity
2022f 2022f 2021f 2021f
Within one year 2,016 2,016 2,016 2,016
Between one and five years 6,552 6,552 6,048 6,048
Greater than five years 2,520 2,520
8,568 8,568 10,584 10,584

26 Reconciliation
ofnet income		 Reconciliation
ofnet income		 to net cash flow from operating flow from operating activ/ties
2022 2021
6 E
Net Income for the reporting period (as per the statement of financial activities): (1,198,696) 429,542
Adjustments
for:
Depreciation
charges		 645,622 568,951
Losses/(gains)
on investments		 145,713 (41,537)
Interest received (244,300) (231,177)
Unrealised
loss/ (gain) on investments		 1,061,483 (949,029)
(Decrease)/ Increase in stocks (28,628) 1,284
Decrease/ (increase) in debtors 320,798 (294,169)
Increase
in creditors		 56,759 61,585
Net cash provided
by (used in) operating		 activities 758,751 (454,550)
27 Analysis ofchanges in net funds
At 1/1/2022 Cash flow At 31/12/2022
Net cash
Cash at bank 811,948 644,409 1,456,357
Total 811,948 644,409 1,456,357