DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 REGISTERED COMPANY NUMBER.. 00662947 REGISTERED CHARITY NUMBER: 222436 ort of the Ttustees and ncial Statements for the Year En lor THE BIRMINGHAM DOGS HOME Fin 8d31D c8 r 2023 Cooper Parry Group Limited Cubo Birrningham, 3rd Floor Two Chamberlain Square Birmingham B3 3AX DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME Contents ol the Financial Slalements for the ear ended 31 December 2023 Page Reference and Adrninistr8tive Detsils 1to2 Chairman's Statement Report of the Trustees 4t010 Report of the Independent Auditor 11 to 13 Consolidated Statement of Financial Activities 14 Consolidated and Charity Statement ol Financial Position Consolidated Statement of Cash Flows Notes to the Financial Statements 17to26 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME Reference and Adrninistrative Details lor the Year Ended 31 Decernber 2023 Trustees J S Whealey Ichairtnan. resigne(1151h August 20231 Ms J P Laraway (Chair. appointed 15th August 20231 Mrs C H Taylor Mr P D Barn811 Mr R J VÈnner Ms C Powell Mrs S Butler Ir8signÉd 28th NovÉmb8r 20231 M8 L Millard Mrs C Mawston Ir8signed 4° March 20241 Mrs N Ahmed Mr D Godfr8y (appointed 15th August 20231 Mr A Whelan Mr M Lampard18ppoint8d 30 August 20231 Patrons Lord Mayor of Birmingham Chief Consl8b18 ofW8sl Midland8 Pdice Earl of Ay18sford Mayor of Solihull Victoria Vere Nicoll Officers S Wyn(le (Treasurer) G Webber (Chief Execulivel Registered office Catherine-de-Barnes Lane Catherine4e-Barnes B92 ODJ ReuistÈrÈd company number 00662947 ReuistÈrÈd charity number 2L438 Audltors Cooper Parry Group Limil8d Cubo Birmingham Floor 2 Chamberlain Square Birmingham B3 3AX Bank8r8 Lloyds B8nk PLC 11 Poplar RoaLI B91 3AN Metro Bank 119 High St, S(>lihull 891 3SR Solicitors Higgs and Sons 3 Waterfront Business PaTk West Midlands DY5 1LX Page 1 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME Reference and Adrninistrative Details lor the Year Ended 31 Decernber 2023 Investment manager5 Investe 30 Greshatn Street London EC2V 7QP CCLA Investment Management Limited Senator House. 85 Queen Victoria Street London EC4V 4ET Page 2 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME Chairman's Staternent ft)r the ear ended 31 December 2023 It is a privilege to present my report for the year ended 31 Detsmber 2023, my first as Chair of Bimingham Dogs Home. I have been a lifelong supporter ol this inspirational charity, and l am looking lO￿ard lo building on the many achievements ol my predecessor, John Wheatley, who has devoted many years ol loyal service, guiding our organisation forwards with resilience and compassion. We a￿ a lorward-thinking charity, and l am therefore delighted to begin my report by celebrating the completion of another ambitious project, the building ol a brand-new Behaviour and Training centre at our site in Solihull. We had foreseen the need for us to have dedicated facilities ft)r dogs in need of additional behavioural support and unfortunately 2023 saw the continued trend of many more dogs being abandoned or relinquished following the ongoing impact of the surge in dog ownership during the Covid lock downs of 2020 and 2021. More of the dogs cotming into our care exhibit behavioural issues because of wor early socialisation which can impact on their chances of future adoption. This is why our new Beh8viour and Tr8ining centre has been a vitsl comerstone of our str8tegi¢ plans. We c8n now provide the ideal environment for our behavioural team to provide such dogs with the one-to-one training and support they need to give them the very best opportunity of adoption and a happy, loved life. We are very proud of this new facility whioh we were able to complete this year, thanks to the gengrous support of Pets Foundation. 2023 also saw the opening ol our veterinary clinic to the public. Our highly skilled new veterinary team, now provide a full-serviTr general practice to the local community for dogs, cats and 'small furries as well as providing daily medical Ca￿ for the many dogs we look after, The additional income we generate from our clinic will help us to fund the ongoing life-changing and life-saving work of our charity. Financially, 2023 was a positive year for our charity, thanks to a great degree to legacy donations, which many animal welfare charities like ours are reliant upon. In recent years, the number c>f gifts left to charities within a Will has climbed considerably, however in a volatile financial environment, we need to be able to respond to the unpredictability ol this source income. And with an ageing population these gifts in wills cannot be relied u￿n lo the same extent in the future. Our charity is therefore working hard to diversify and develop a range ol sustainable future income streams despite the challenges ol rising costs for our supporters and donor apathy across the charitable sector. Our futur8 aspiration5 are equally ambitious, as we 8mb8rk on plans to refurbish, modgrnisg future proof our Wolverhatnpton rescue centre, so that we can continue to provide the very best standards ol animal w8￿&re, as well as a range of cotHpletnentary services to meet the changing needs of the community we serve. Finally, this org8nis8tion would not be the fantastic place it is withoutthe support, hard work. dedication and corrpassion ol every single one of Ihe staff who work here. The welfare of the dogs in their care is their primary concern which they carry out admirably and I thank them all on behalf of myself and my fellow Trustees. J Lar8W8y Chair of Trustees Page 3 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME ort of the Trustees for the ear ended 31 December 2023 The Trustees, who are also directors ol the charity for the purposes of the Companies Act, submit their annual report and the audited financial statements lor the year ended 31 December 2023. The Trustees have adopted the provisions of the Statement ol Recommended Practice ISORPI"Accounting and Reporting by Charities" IFRS 1021 in preparing the annual repcirt and the financial statements ol the charity. The financial statements have been prepared in accordancewith the accounting wlicies set out in the notes to the accounts and comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Ariicles ol Association, and Accounting and Reporting by Charities.. Slalement ol Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectives, activities and aims The primary objective ol the charity is to lake in and care lor stray and abandoned dogs from the West Midlands area, reuniting lost pets with their owners and rehoming abandoned dogs to new loving horres. During the year.. 1,994 dogs came into care 1,232 homeless dogs have gone on to have new lives in new homes Over 145,000 meals were prepared 440 dogs were reunited with their owners 18 litters of puppies We￿ born lo homeless mothers at our ￿ntres. who have all been successfully adopted 190 dogs were in care at the end of 2023. The Fundraising departtnent has continued to be very proactive with variou5 new fundffdising initiatives and outreach prograrnm85 which utilise the irnproved facilities now 8vailabl8. Public b8nefit The Trustee5 confirm that they have referred to the guidance contained in the Charity Commission's general guidan￿ on public benefit when ￿vIewIng the charity's aims and objectives and planning futu￿ activities. We believe ourwotk benefits the public in a variety ol ways:_ Providing assistance to local authorities and the general public by taking in and rehoming stray and abandoned dogs. Rehoming dogs safely to those who want and are able to provide a good home, providing companionship to individuals and families. Reuniting lost and stray dogs with their owners. Reducing the numberof stray dogs on the streets and therefore reducing potential stray colonies, laeces in public places and public nuisance. Providing information and advice to owners on the care of dogs and the need lor vacoinations and neutering. Educating young people in schools and youth groups about the welfare and respect ol dogs. Strate icre ort Achievements and performance The Training and Behavioural Barn was comp18t8d in October 2023 and 15 enabling th8 Charity to h81p the rnor8 challenging dogs coming into its care. The financial performance of the Charity is surnmarised below. Before gains on investments the Charity made a surplus of £2,167.230 which was ahead of budget. The increase was due to a number of very high bequests notified over the last 8ight88n months which c8m8 to fruition during 2023. The Charity continually reviews its aims and objectives set out in the Public Benefit section above at Staff Management meetings which are held monthly. The major risks to which the Charity is exposed a￿ conside￿d at meetings ol the Risk Sub-comtnittee ol the Trustees which are held th￿ times a year. A Risk Register is maintained and reviewed at these meetings. A Disaster Recovery Plan has been formulated and an element of It tested during the year. Page 4 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME ort of the Trustees for the ear ended 31 December 2023 The Financial Statements lor the year show a net surplus o112,720,77812022.. deficit of £1,198,696). This was after taking into account net gains on investments of £553,54812022 losses of., £1,207,196). Expenditure for the year increased to £3,571,85112022.' £3,069,1911. The investment market continued to be volatile in the year but the resurgence in the stock market gave rise to gains on investments of £553,54812022'. losses of £1,207,196). Capital expenditure for the year tolalled £1,407,115. The main feature was the completion ol the Behavioural and Training Barn in October 2023. Overall. the total funds of the Charity have increased by £2.720.778 due lo the exceptionally high legacy income and the gains on investments. The cash flow slalement Ipage 141 is included to comply with the SORP requirements. Plans for future periods. These are outlined in the Reserves Policy Development Fund below. Investmgnt policy Thg investTnent objeotivgs are.. The creation of a sufficient financial retum to enable the Charity to carry out its putwses effectively and with(>ut interruption. The maintenance and, if possible, enhancement of the investment funds whilst they are invested. To obtain balan￿ between capital growth and income, so that the Charity can meet future as well as current needs. The Trustees have agreed on a'medium, risk profile by investing in a mix ol equities, fixed interest and monetary assets. The Trustees have delegated their investment powers over a proportion ol the assets to Investec Wealth & Investment Ltd. The investment manager is responsible for carrying out day to day investment decisions including the acquisition and realisation of investments on behalf ol the Trustees. A further prOpor￿on of the Charity's assets are invested with a specialised investment fund, designed forthe Charity Sector, managed by CCLA Investment Management Ltd. Both managers report on the perf0mlan￿ ofthe investments on a regular basis. Where funds are set aside for future capital expenditure. the policy is nomially to invest in fixed lerrn bank deposits. The market value ol investments held at 31 December 2023 amounted to £9.139.04312022'. £8,364,722) and the income received during 2023 2$ a result of these investments totalled £240,037. Realised losses on these inveslrrents during the y8ar totall8d £33,303 with LJnr8alised gains at 31 D8cemb8r 2023 of £586,851. The Trustees consider that the performance of the investments against objeth'ves for the year has been satisfactory in view of the volatility of th8 stock market. Fundraising activity Th8 charity LJS85 int8rnal appointe85 to und8rtak8 Its fLJndraising activits"8s. It has r8gist8r8d voluntarily with th8 Fundraising Regulator and monitors all fundraising undertaken on Its behalf. It ha5 received no complaints on fundraising activity and do85 not undertake fundraising in 8 way that rnight Intrud8 on 8ny p8r50n's privacy ortake advantag8 of vuln8rabl8 P8opIe. Page 5 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME ort of the Trustees for the ear ended 31 December 2023 Reserves Pollcy Our Flnanclal Sustalnablllty and Future Ambltlons Introductlon Our charity's rescue and rehoming operations, as well as our work supporting the physical and mental Welfa￿ ol the animals we Ca￿ for, requires us to maintain and refurtiish ourfacilities and create new fit for purpose spaces, as our needs change. We also need to develop and invest in improved systems to underpin our growing operations, reflecting the needs of dog rescue at this time. This reqUI￿S significant ongoing financial commitment and investment. Our current challenges include caring for the high numbers of dogs being relinquished or brought to our centres as strays. We have been working at capacity and at times beyond kennel capacity for the last eighteen rnonths. The high number of abandoned dogs we are receiving daily can be attributed to the currenl "cost of living crisis" with owners facing soaring inflation rates and the rising costs of everyday living in the UK today. This reflects trends aoross the sector. with dog abandonment incre85ing with the rising costs of living and the impact of an increase in people buying dogs during 2020 and 2021 according to research by the Association of Dogs and Cats Home. We are also finding that rn8ny more dogs have behaviour81 issues, which can be 8scribed to dogs being purchased during Covid °lockdowns" by in8xperienc8d owners, and therefore not rec8iving th8 training nor soaalising th8y n8ed8d. This means that the dogs we receive often need to be with us longer and have more support and training before they can be adopted. The increased1grTrgth of stays, higher return rates and additional behawoural training needs of dogs, oompounded by the universal increases of fuel and heating and supporting staff through difficult timgs, has m88nt that th8 Cost of care per dog is currently significantly higher than in previous years. Th8 Charity's R8s8rves Policy th8r8for8 has two obj8Ctiv8s'. A target of 18 months operational running costs which would be £3.86 million, held in free reserves to guard against fluctuations in income and cash flow requirements.. To have funds to finance planned capital investment in the charity's infrastructure which could be up to £8 million over the next 5 years as well as unplanned projects where the need arises incjuding renewals of essential equipment, systems, vehicles and the operational infrastructure of buildings. On an annual basis the Trustees will review the resources available to the charity to invest in reserves, to achieve the best balance between these objectives. In setting the Reserves Policy, the Trustees are influenced by strategic risks facing the charity. The risks are kept under regular review. One of the main ones is that the majority ol the Charity's income comes from legacies and fundraising, which can be uncertain sourtss of revenue, subject to large yeady fluctuations and may not always provide the necessary funds to cover essential costs. However, there will always be animals in need ol our welfare and rehoming services and people who need our advice and support. As a Charity we are committed to a comprehensive ongoing service offering. To do this, we need to maintain a level ol reseNes should there be a short-term fall in income or an exceptional rise in costs. We have therefore designated our funds into the following areas lo enable us to continue to operate and plan to meet future demands lor our essential services as the largest rescue centre in the West Midlands. providing vital support to local authorities and the general public across the region. Our Designation of Funds For Dogs Now The Operating Fund.. The Charity s r8s8rv85 policy is to maintain funds to COV8r up to a maximum of th8 next 18 month's running costs. This 18vel of reserves would allow for a suffia8nt period to wind up the business of th8 Charity should dosur8 b8 necessary, the length of time that will be necessary to make arrangements to r8hom8 the d(NJs in our care, som8 of which can stay with us up to 18 months at the charty's cost. As at 31st December 2023 the charity had operats.ng fund ￿ServeS of £3.75 million. This represents approximately18 months of planned running costs of the Charity'5 two r8homing c8ntr8s and veterinary clinic including inv8Stment in fundraising. This represents 20¢/o of the total funds. The Property Fund". This is the written down value ol the land and buildings and tangible fixed assets used by Birmingham Dogs Home. At 31st December 2023 this was £7.3 million. This represents 38.lo of the total funds. Page 6 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 For Do95 in the Futurè Th• Dèvèlopmènt Fund Working Collat￿ratiVelY with our community and sector partners, it is our aspiration to position ourselves as a central regional hub, providing a range of complementary services and resources to make the most impact to the lives of local dogs in need, at every stage in theirjourney. The Charity's reserves policy is lo set aside funds for future development of existing facilities and services at both ol its centres. To achieve this vision, the Development Fund represents the Trustees, commitment lo providing the highest standard ol animal welfare for the dogs in our care. At 31 st December 2023 this was £8 million. This represents 42°/o of the total funds. We have already made significant advances towards our goals, with the opening of our veterinary clinic in 2022 which has enabled us to provide the best levels ol medical treatment to the dogs in our care, In addition, the opening of our Behaviour and Training centre in 2023 now means that we can provide a more nurturing and calrner environrnent where dogs that exhibit signs ol stress and anxiety can thrive in a more peaceful setting. away from the busy. noisy kennels. and ceive the dedicated behavioural support, enrichment and focussed training they need, to give them the best chance ol successfvl long-term adoption, As 8 progressive organi88tion, we have exciting 8mbitions for the future as we look to the next stage in our strategic planning. We 8lre8dy know that we need to future proof our Wolverh8rnpton rescue centre by refurbishing and modernising our facilities so that we can continue to provKJg the very bgst standards of 8nim81 welf8rg, as well as develop a range of cornplementsry services needed by the community. This will require significant investment which we have e8rrn8rked for this projeot. There is also a strong will to support the building c>f a new indoor training barn at our Solihull site, to enhance our ability to tr8in and carg for our dogs Iwhat8ver thg w8atherll and provid8 vit81 ongoing support services and r950urces for the local dog loving cornmunity which will requir8 Significant investment in the mediurn term. Inv8sttllent also needs to b8 tllade in our outdoor facilities including creating new exercise paddocks and upgrading exisb.ng ones along with extending parking facilities lor visitors. To underpin our growth we need to make a significant financial commitment to upgrading our cross-site and cross- departmental IT systems. As our charity has grown, so have our departments along with the information they need to share. Some ol our older systems are no longer fit for purpose and need to be ￿placed whilst others need to be integrated to reduce duplication ol both data and resources. This is a key undertaking and we have prudently set aside a proportion of our development funds accordingly. To underpin our development ambitions, we need to continue to grow our fundraising and income generation to make the biggest impact we can for every dog and owner who needs us. We are working to a three year. carefully considered fundraising strategy, investing in both staff and resources to bring higher relums and enable us to direct more funds to our charitable activities in the future. We have also eamarked a proportion ol our development funds lo progress and develop our retail and trading income generating potential which will, in time. generate additional, reliable income streams to fund our work. To this end our charity's objectives continue to be to maintain an operating fund to provide security for the dLYJS in our care now, whilst also establishing a developrnent fund to ensure future growth and sustainability. alongside our property fund whioh represents the land. buildings and tangible fixed assets we need to operate. Page 7 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 Proportional D8signation of Funds Operating Fund Development Fund 20% 420 38 Property Fund K?y= Grecii.. For Dogs Now Purple= For Dogs in the Future Page 8 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME ort of the Trustees for the ear ended 31 December 2023 Structur&, govèmanc• and managèmant Group Structure Members ol the charitable group are The Bimingham Dogs Home Limited la company limited by guarantee, registered in England and Wales and a registered charity) and its wholly owned subsidiary Birmingham Dogs Home (Trading) Limited which commenced trading on 151 October 2019. sin￿ that date the trading activities ol the Group have been carried out by Bimiingham Dogs Home (Trading) Limited. Governlng document The charity is controlled by its governing document. a deed ol trust, and constitutes a lirnited cornpany, lirnited by guarantee. as defined by the Companies Act 2006. Charitable objects and constitution The Bimiingham Dogs Home is a registered charity and is a Company lirnited by guarantee with no share capital. 11 is governed by its memorandum and articles of association. These state the objects of the charity as being'.- - to provid8 and maintain a Home for the r8SCUg of lost, unwanted, suffgring and ownerles5 dogs and c*s. to reunite lost anirn81s with their owners.. and to find perm8nent homes for unclaimed animals. Truste85 The Trustees who served throLJghoLJt the year 8nd up to the d8tg of this report are n8Tngd on p8ge 1 of this report. Reeruitment and appointment of new Trustees The Board of Trustees aims to achieve a balance of skill mix within its numbers representing experience in commerce, business, and the professitsns, together with a diversity of backgrounds taking lull account ol gender and a love for the well-being of animals. As to new Trustees, persons would be sought who help maintain the range and balan￿ of skills as well as being able to contribute towards the effective governance of the Charity. Suitable interested persons, who are required to be members of the Charity, will initially go through a fomal interview process with the Chaiman and other Trustees where the strengths and other attributes ol the person are explored and the role ol the Dogs Home and that ol a Trustee is explained. Those persons subsequently selected will be proposed and seconded and voted upon at a meeting of the Trustees. After appointment new Trustees will automatically retire at the next AGM and will seek reappointment for a three year lem. Induction and training of new Trustees A new Trustee is issued with an information pack containing details on the role and responsibilities of a Trustee. the Memorandum and Articles ol Association ol the Charity. the last yearfs audited accounts and annual review, the current budget and various relevant policy documents, The Trustee will be expected lo have a meeting with the Chief Executive to discuss the Home's pr￿dureS and present plans. and to visit the two sites and lo be intrixluced to the manager and other staff. Resources are available for new Trustees to attend courses if it is considered beneficial. Organisation The Charity is organised by the Board of TrLJStees. Management Committee and sub-comrnittees. who are responsible lor the strategy, policies and financi81 plan adopt8d. The d8y to d8y running of the charity is controlled by th8 Chi8f Executiv8. Ri$k review The Trust8es review major risks to which th8 charity is 8xposed, and systems are established to mitigate th088 risks. Ext8rn81 risks to funding are minimised by th8 Truste85' policy on r85erv85 where res8rves ar8 maintained In order to produce a Significant annual income. Internal risks are minimised by the Implementation of procedures lor authorisation of all tr8nsactions and projects and to 8nsur8 consist8nt quality of d81ivery for all operational a5P8Cts of th8 charitable cornpany. These procedures continue to b8 und8r r8Vi8W With th8 help of an 8Xt8rnal consultant to 8nsur8 that th8y Still meet the needs of the charity. Arrangement5 for Setting pay and remuneration of key management personnel. The Trustees considerthe board olTrustees and the treasureras comprising the key management personnel of the charity. All Trustees give ol their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transactions are disclosed in note 14 and note 24 to the accounts. The pay of the charity's treasurer is ￿vIeWed annually and nomally increased in accordance with average eamings. Page 9 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHAM DOGS HOME ort of the Trustees for the ear ended 31 December 2023 Statement of Trustees responslbllltles The Trustees Iwho are also the directors of The Bimingham Dogs Home lor the purwses ol company lawl are responsible lor preparing the financial statements in accordance with applicable lawand United Kingdom Accounting Standards (United Kingdom Generally A¢￿p(ed Accounting Practice). Company law requi￿$ the Trustees to prepare financial statements for each financial year which give a true and fair view ol the state of affairs ol the charitable company and ol the incoming resources and application ol resources, including the income and expenditure, ol the charitable company for that period. In preparing those financial statements, the Trustees are required to:_ select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charity SORP., make judgemenls and estimates that a￿ reasonable and prudent.. preparethe lin8ncial staternents on the going concern basis unless it is inappropriate to presurne thatlhe charitable company will continue in business. The Trustees are reswnsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the fin8noial position of the ch8rit8ble cornpany and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also r8sponsibl8 for safeguarding the assets of thg charitable company and hence for taking reasonalje steps for the prevention and detection of fraud and other irregularities. In 50 f8r as the Trustees are aw8r8'.- there is rK> relev8nt 8udit information of which the th8rit8ble comp8ny's aLJditors 8re unaware,. and the Truste8s have taken all steps that they ought to have taken to mak8 thern581v8s awar8 of any relevant audit information and to establish that the auditors are aware ol that inforTnation. Audltors The auditors, Co(>per Parry Group Limited, will be pr(>posed for re-appointment atthe forthcoming Annual General Meeting. iani ce Laraway Approved byorderofthe board ofTrustees...........................................................and signed on its behallby.. S*r*db¥' 20 Augu5Y'Y24 J Laraway Chair Page 10 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 ort of the Inde endent Auditors to the Memb8rs of THE BIRMINGHAM DOGS HOME Opinion We have audited the financial statements of The Birmingham Dogs Home Ithe 'parent charitable company'l and its subsidiary (the 'group'l for the year ended 31 December 2023 which comprise the Statement of Finanual Activities, the Statement ol Financial Position, the Statement of Cash Flows and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied In their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting practi￿). In our opinion the financial statements-. give a true and lair view of the state olthe group's and parent charitable company's affairs as at 31 December 2023 and of its incoming resources and application ol resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements ol the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our sponsibilities under those standards are further described in the Audilorfs responsibilities lor the audit ol the financial statements section of our report. We are independent of the group and parent in accordance with the ethic81 requirements that are relevant to our audit of the financi81 statements in the UK. including the FRC'S Ethic81 Standard, 8nd we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goin9 concern In auditing the financial statements, we have concjuded that the trustees, use of the going concem basis of accounting in the preparation of the financial staternents is appropriate. Based on the work we have perforrned, we have not identified any material uncertainties relating to events or conditions that, individu8lly orcoll8Ctively, may cast signifio8nt doubt on th8 group s or p8r8nt charitable company s ability to oontinue as a going conc8rn for 8 p8riod of at least twelv8 nionths from wh8n th8 finan￿al stat8m8nts ar8 auth0ri58d lor issu8. Our responsibilities and the responsibilities of the trustees with respect to going ctsncem are described in the relevant sections of this report. Other infomiation The trustees are resptsnsible for the other information. The other information comprises the infomation included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent othetwise explicitly stated in our report, we do not express any fom ol assurance conclusion thereon. In connection with our audit ol the financial statements. our responsibility 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 audit or otherwise appears to be materially rnisstated. 11 we identify such material inconsistencies or apparent material misstatements. we are required to delemiine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have perfom)ed, we condude that there is a material misstaternent ol this other information, we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financi81 statements., and the R8POrt of the Trust88s has b8en pr8pared in accordance with applicable18gal r8quir8ments. Page 11 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 ort of the Inde endent Auditors to the Memb8rs of THE BIRMINGHAM DOGS HOME Mattèrs on which w• arè r•quir•d to rèport by •xc•ption In the light ol the knowledge and understanding of the group and the parent charitable company and its environment obtained in the course ol the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect ol the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or retums adequate for our audit have not been ￿ceiVed from branches not visited by us., or the financial statements are not in agreement with the accounting ￿COrdS and ￿tU￿$., or certain disclosures ol trustees. remuneration specified by law are not made., or we have not received all the infomation and explanations we require for our audit,. or Responslbllltles of trustees As explained MO￿ fully in the Staternent of Trustees Responsibilities. the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible lor the p￿paratIOn of the financial statements and lor being satisfied that they give a true and lair view. and for such inlemal wnlrol as the trustees determine is necessary to enable the preparation ol financial statements that a￿ free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the groups and parent charitable company's ability lo continue 8s a going concern. disclosing, as 8pplic8ble, matters related lo going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the group or p8rent ch8rit8ble cornp8ny or to oe8s9 operations, or have no rg81istic alternative but to do so. Our responsibilities for the audit of the finan¢i?15tatements Ourobjectives are to obtain reasonable assurance about whetherthe financi81 statern8ntS as a whole arg fre8from mgt8rial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonabl8 assuranc8 is g high level of assurance, but is not a gu8rant88 that an audit conducted in aocord8nce with ISAS IUKI wll always det8Ct a material misstatement wh8n (t 8xists. Mi5Statements can ari58 from fraud or 8tror and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the econornie decisions of users taken on the basis of these financial statements. Irwular￿e$, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect ol irregularities, including fraud. The extent to which Our procedures are capable ol detecting irregularities, including fraud is detailed below.. We obtained an understanding ol the legal and regulatory framework applicable to both the charitable company itself and the sector in which il operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the Iruslees and other management. The most significant were identified as the Companies Act 2006. the Charities Act 2011 and Charities SORP IFRS1021. We considered the extent of compliance with those laws and regulations as part ol our prO￿dureS on the related financial statements. Our audit prO￿dureS included.. making enquires ol management as to where they consider there to be a susceptibilrty to fraud and whether they have any knowledge or suspicion ol fraud.. obtaining 8n understanding of the internal wnlrols estsblished to mitigate risks related to fraud or non-corllplian with laws and regulations., assessing the design effectiveness of the controls in place to prevent and detect fraud., assessing the risk of managernent override including identifying and testing journal entri8S', cha118nging the assumpb'ons and judgern8nts made by manag8m8nt in its significant accounting 85timates. Whilst our audit did not identify any significant matters relating to the d8t8ction of irregularities including fraud, and despite the audit being plann8d and conduct8d in accordanc8 Wlth ISAS IUKI, there r8mains 8n unavoidabl8 risk that material misstatements in the financial statements may not b8 detected owing to Inherent limitations of the audit, and that by their v8ry natur8, any such instanc8s of fraud or irr8gularity would lik81y involv8 coIIu5ion, forg8ry, intentional misr8pres8ntations, or the ov8rrid8 of int8mal controls. Page 12 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 ort of the Inde endent Auditors to the Memb8rs of THE BIRMINGHAM DOGS HOME A further description of our responsibilities for the aLJdit of the financial statements is l(>cated on the Financial Repotting Council's website at www.frc.org.uklauditorsresponsibilities. This descripts.on foms part of our Report of the Independent Auditors. Us• of our rèport This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 01 Part 16 01 the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's members those matters we are required to slate to them in an auditors. report and lor no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable cpmpanys membe as a body, for our audit work, for this report, or for the opinions we have formed. Glenn Bott (Senior Statuto Auditor) lor and on behalf of Cooper Parry Group Limited Cubo Bimiingham 3° Floor Two Charnbedain Square B3 3AX Date.. 20 AugLJSt 2024 Page 13 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 Uthre*trfcted RÈstrlcttd Total Ttsi NotÈ funds fund 2023 20 IncomÈ ahd endowmÈnts from DonaliDns Ènd le9aCie$ Ch&rttable è¢tMtIÈs 4934,961 47,200 4982,161 2.327.407 R&homing dogs OthÈrtrndln9 hctMtIÈ* Inve5trnent IneomÈ 366,819 103,198 240,037 46,866 366,819 103,198 240,037 46,866 243.767 216.299 244.300 45.918 Other IncomÈ Totsi Incomlng re￿Ure*S S,e91,881 47,200 5,739,Q81 3.077.691 ExpendfturÈ on 999,3eO 999,360 706.208 C￿niable 8tliVibÈS R&homing dogs 0thÈrexPÈnd￿urÈ 2,S72,191 300 2,572,491 2.382.983 Totsi tÈStsUreÈ* txpendÈd 3,$71,5S1 300 3.069.191 Net lÈxpÈndlture>llntome before InvÈ*trhÈnt gèln*l Ilt)9$È91 2,120,330 46,900 2,167,230 8.5 17 S53,548 553,548 11.207.198> Net IntLxnel{txpÈndlurtl 2,673,878 46,900 2,720,n8 11.198.698> Tr£n$teTS be￿￿een tund$ Net mo¥emÈnt In fund* 2,673,878 46,900 2,720,n8 11.198.698> Fundl brtsught fotwèrd at 1 JAhuary2023 le,363,795 16,363,795 17.S82.491 Fundl <8rrfed fotward at 31 DetembÈr2023 19,037,673 46,900 19,084,573 16.383.795 The stÈtÈmentof finantial ÈCtiVibÈS indudes Èll gains and1055è5 r￿gnISed in the year. JI income ènd Èxpènditure 1$ derived from tMtlnulng atbvltiÈ$. Th& noies on ptyes 17 to 26 formpèrtofflhese finÈnth&l$t&tement&. Page1141 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 Group 2023 chtt￿ty 2023 G￿up 2022 NotÈ 2022 Flxed Agsets Tanglble fixed 8$$ets Inves￿ents At market value 16 7389,847 9,139,043 7,289,847 9,139,1144 6.514,860 B.364,722 6.514.860 8.384.723 17 leA28,890 16,428,891 14,B79.S82 14.879.583 CurrentAsset* Stock 18 38,728 2,$37,4O2 309,578 38,726 2,558,481 309,380 52.859 25S.884 1.458,357 52.Bsg 256.769 Debtors 19 Cash Èt ￿nk And in hènd 1.456.023 2,e85,7O6 2,906,587 1.764.￿0 1.785.6S1 ¢r•ditor¥.. knounts f4lling dvfj within one year 20 1230,0231 1227,365 128D.8871 19,084,573 16,363.795 16.383.795 Funds Unrestricttd fund* Opertting fund Deyignated funds Restricted funds 21 3,747,826 1S289,847 46,900 3,771,366 15,289,847 46,900 3.348.935 13,014,860 3.NB.935 13.014.860 21 21 19,084,573 16,363,795 16.383.795 The charlty has prepar￿ group Bcctunts in 8ts)Jrd8nee wlth 398 of the Companles Aci ￿0& Bnd sec￿￿ 138 of ihe chan￿esA¢l20ll. The surylus generated bylhe charityfor ihefinancial yearwas £2.744,318 12022.. £11,198.6961 dgficill 20 August 2024 Approved bylh& 8oard of Trustees on ............................................................................................ and signed OM th&ir b8hall by ShJned AEC14O¢FAC46E ay Chalrnian R￿l$ler￿d charity in England and Waes- 222436. Company Registration Nutnbgr- 00662947 8 noteson pages fTlo 26 formpartofthese financi* slalemenls. Page1151 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 2023 2022 Cagh flLwi*froM operèlng èCtlvttle9.' 26 241,072 75B.751 Net cèsh p￿ded by opÈratlng Èetlvidex 241,072 75B.751 Ca*h flowmfrom inVÈStlhg 8ctl¥ttlÈg'. PurthÈ$e ol Langl￿e fixed È$$e PUrC￿se olfixed asset inVÈStmÈnts 11,407,115) 11,258,$951 1,037,822 240,037 13Bg.4151 11.278.794) 1.309.567 244.300 Sale of fixed £$$ei inveybnents IntereSI received Net cèsh lugtd Ihl IhvÈ*tlng thetlviNe$ Changt In taxh and ¢8*h equl¥8lents In tht reportin9 perlod 11,146,779) 644.4 Cagh and eèxh eqU￿alentS èt the bÈglnnlng of the reportlng pÈrlod 1,456,357 811.948 Cagh and eèxh eqU￿alentS èt the end ofthÈ reptsrfng pÈrfod 309,578 1.456.3S7 Th& noies on ptyes 17 to 26 formpèrtofflhese finÈnth&l$t&tement&. Page1161 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 A¢countlng Pollcles Basls of preparSng the finan¢lal statements The BirMin9ham Dogs Hom& Litniled Is a chanlaN& cornpany In the United Kingd￿. In the &vent of the charity being wound up. the liability In resp&ct of the guaranleg Is limitgd tg e1 p$r m8mb8r ol the charity Th& ?ddres$ ol thg registgre¢ offi¢e Is givgn In thg tharity Inforrnetion on p￿8 1 01 the39 financial 51aiement5. The financial st81ements of chantable company, whlch Is B public benefii enllty under FRS 102, have been prepar￿ In 8cecrfd2nce Vvith the Charities SORP IFRS 1021 'Ac(ounling and Reporting by Charities.. Slal&menl of Recommended Pradice apFAicabl& to chariti&s preparing their a¢wunts in ewordance with the Fin?n¢io1 Reporting Standard ￿p￿1¢able in th8 UK a[￿ Republi¢ ol Irelend IFFtS 1021 leffg¢tiv8 1 January 20191.. Financial Réporting Standard 102'Th8 Financial RépDrting Standard applicablé in the UK and Républic of Ir8land' and th8 Compani8s Act 2m6. Th8 flnanclal s￿￿mentS h8ve been pre￿red undèr thè h1s1orit￿ eo$t conveniitsn the extspiion of Investments 8re Intluded at markèt value. Th8 s￿n￿C￿￿t accounting PD1￿185 applied in the preparabon of th8sa financial statements ar8 sot out below. Th858 poIiu85 hav8 b8én consistently £p￿led tts yèars presènted unless Oihèrthse 518ied. Basi5 ofconsolidation These account5 con5DlidÈte those ol the Charlty and its wholly ¢thned trading sUbS￿lary, Bitmingham Doys Home (Ttsdingl Limited. These £ Sdlusted. there approprlaie, ￿ conform io group accountlng policles. Birmingh8m ￿g5 Home ITr8dingl Limited was inuJrpor8ted on 21 November 2018 and cotnm&nced lo trade Dn 1 OctobeT 2019. It's resulis ar& (onthidaled from the dale Il o)mmenc&l ID trade. Comparaiives are presented on a group basis. A separ?te Stat8mgnt of Finan￿al Adivities and I￿orne an Expenditure Account for the tharity hav8 not pre$&nted In ac¢ordan¢9 wrth Ihe 8X8rnPtion afforded bysection 408 ol the Companies Act2006. The chantysutplus lor2023 was t2.744.31B12OL £11.198,6961 delicitl. This 18 made up ol Income ol £S,759.44512022.' £3.074,9981, Wendi￿rE 01£3,568,87512o￿.' £3.066.4981 and nei yalns on InVeSbnents of £553,54812022'. Golng concer The trustees assess wheiher the use of golng coneem k4 awropriate l.e. wheiher ihere Bre any materlal uncertainiies related to events orcondltlons ihat may casi significant doubi on ihe ability of the company ￿ continue as a goin9 con¢em. The trusie&s m3kg this assessment in respeu of a period of y8ar trom lh& dal& of aulhorisalion for i$$u8 of th8 financial Statements and havo concluded that lh& tharity has *equale r8sourcgs lo continug In op8ration318xistfn¢8 for the forg308abl8 futurg 3nd there arf no mal8ri31 uncertainties aboul the charity's ability tg ¢Dntinuf a going cotym. thus they Continuè lo adopithe golng concem bas1$ of act￿n￿ng in prèpariny the finan￿￿ Slalemènts. Income l incotning resources are included in the StatemEnt Df Financial Activities ISDFAI when the charily is IEgally entitled Lo the income after any perforn)8nee Cor￿l￿On$ h8ve been mei, Ihe an)ounic8n be me8sured r￿lablY 8nd il Is prob8ble that Ihe income wlll be ￿￿1Ved. For donations lo bg rewgnised the charitywill havg bggn notified of Ihg atnounls and the $gttlemgnl date in viting. If Ihere are condthons atta¢hFA to the donation this rgquires al9v￿ gf performance b&fore gntidemgnt ron bg obtoin94 thpn is deferre4 until thosg con¢ibons are lully mgt or the fulfilment of those condibons iswthin thE CDnlrol olthe charity and ills probable that theywll be fullilled. Dtsna￿d assets are recoynised on the balÉnte sheeiBnd Inludly meaSu￿d ai their vduaiitsn. Falr v8luÈS for dOna￿d 888ets are estlmBted by refèrence lo market prices. Wh8ro practicable. gifis in kind dDnat8d fordistribution tD the benali￿arles ol th8 charity ar8 Indudéd in stock and dDnations in financial stat8tn8nt8 uptsn ￿telpi. If il 1$ Impractitablè ￿ 8S$eS5 the f£if value St receipt or il the ttsSlS to undertakè s￿h a Ouiwèlyh any beneflts, then the f£ir value Is recognised as a CLKnponeniof ckjnatknns when li Is distribut￿ and 8n equivaleniBmount recwnised as tharll8bl& eY￿endIture. For legacies. rettipt n)ust be recoonlsed when li is probable thai li wlll be ￿¢￿1ved. Rec*pi is nomially prOba￿e when.. theie has been a gr8ni of attached to Ihg18gacy are edher￿1¢hin th8 control of the chanty or havg been tneL The charity receiv&s In￿￿8 frotn local authorities In relation to prDVlSiQn of stray dog seryic&s. In¢omg from trading edivitlgs In¢lud88 Inc￿8 8?me¢ (rom fvndraising gvgnts an¢ trading adivities $u¢h as ¢og boarding to raise lun¢$ fgr the ¢hatity. Income Is re￿IVed in exchang8 lor Sup￿ying goods and S8TViCéS in ord8r to rai58 fvnds and is r8cogniséd entidétnénl has occurr8d. Other Incomè relates io peiplan C4)mmlsslon. Inve51meni income 15 eamed through holding asseis ftr investment purpDse5 such 85 5hare5 Ènd propety. 11 include5 dividEnds. intere5l and rent. Where li Is noi pièctiC8ble to Identlfy InveS￿eThi mAn8gement cosis Incur￿￿ within 8 scheme wlth reasonable accur8Cy Ihe Investment ineome is reported nel of th&se ¢osts. 11 Is induded when th& amount be measured reliably. Interest inC￿me Is recwnised using the gffectivfr Inier&sl m&lho and diwdend In￿me 1$ rec￿nIs￿O a$ the charitys rightto re¢eivg payment 1$ e$tsblished. Expendllurè AJI expendibJr& is accountsd fr)rgross, on an a¢wals basis and is slated netofvalued Added Tay, apFIi¢a￿e. Exp&nditure 1$ rgcrynisgd where Ihgre 1$ alegal or constru¢tiv8 obligation to mekg paym8nts to third partiss. It is probable that the s8tt18rn8nt NMII r8quir8d and the amountol th8 obl￿atIon can be tn8asur8d reliably. It is categorised undérth8 folloNMng headings Costs of raislng funds Expenditure on ¢h8[rfa￿@ activit￿$ No Èmouni Is Included In the flnan¢lal sts*ments fOr￿lun￿eÈr Ume In Ilne wlth the SORP IFRS 1021. Furtherdetsii Is olven In the Trustees, Annual location and apportionmentof costs gxpgndgd ere all￿￿ted to the Part￿Ular *ivityMthgff thg ¢Wt rg18tes dir8dlytDth8t a¢tivty. Page1171 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHMI Dr￿$ HOME NotÈs tts the Flnanel81 Statements Forthtr arended 31 De¢ember2023 oynting Polioi98 Irontinugdl VAT VAT rectverdble bythe Charlty Is shown In debtois. Thè Blnxlngham Dogg Home Llmlted and Blnxlngham Dogs Home ITr8dlnyl Llmlted aye p2rt of a VAT group. Flxed a5$ets Filed assets are Included al ￿$tOr¥aluatIOn. items beknw £1.￿0 will bg MoDnallyexpensr*d through the slalfrmenl of finanual activities. Depreclatlo Depreci8tlon Is prov￿ed to wriie off the ettt or valuailon, less esuma￿d reslduBI ¥8lues of all fixed assets excepi freehcld land, over thelr expeded useful lives. his calcLlaied at the following rates.. 5% of thg Wst Pgrannum 10% 01 the cost per annum 25trl 01 CDSt p@r annurn 33.￿% of the cost perannu Fixtu￿S and fithws Vehid85 Computerequipmgnl Assats in th8 cout88 Df consttuction are indudod aicost. D8pr8Eiation on thas8 as88tS is notcha￿@d until th8yar8 brought into US8. 5toGk Stocks arevalued allhe lowerof cost orngl realisaNe value. un8￿￿ donated Itgms arg not Included. Taxatlon The charlty Is exempLfroM corwraiknn tsxon its cha￿LAble acbvltleg. Fund Ac¢OUn￿￿ Unrestrlcted funds are don8tlM5 and other Income Ye￿ree3 re¢￿va￿￿e or0enera￿d for the objects of the tha￿tY wlthout further$p￿lfled purpose and Designeted funds are unrgslri¢tsd fund$ earmark8¢ bythg maneggm&nt commrfteg for particular purpos&s Reylricied tund$ are Lts bè used ftsr $PÈtlflc pulp¢￿ as laid d(￿ by the donor. Expendiiure whlth Mee￿ theae triterla 1$ charged io the fund. togèther with 8 lalr dloc8tlon of m8nagement and support costs. Penslon costs and other post-rellrement benefits The charity operates a defined conrribulion pension schemg. The assets of the scheme are held separately from ihose of Ihe charity. The pension cost charge represents c￿nInbUl19ns paid bylhe charity lo the fund. Hire purchas9 and Igasing ¢¢Jmmilmgnts Rgntsl$ appli￿ble to operating 18ase$ wh$rfr $ubstentially311 ol the b8n8fits and risks ol QWngTship rgm?in the lessor ar8 tharggd against incom9 on a straight lin@ basis over the p8riod Df th818as8. Debtor* and crtdftors rectl¥&blelpayoblÈ ¥Athln One yÈèr Debtors Ènd erediLDrY with nD 5Laied IniereYL raie and recè1va￿È or p£yable V￿lh1n onè year are ret¢*ded Èi Irdn$ètbon pricè. Any l¢pS&¥$ 8riSlng fvom Impalrmenisre rectynlsed in expendiDJre. Crlllcal ac¢ountlngludgernent5 and key sources of estlmatlon uneertalnty In the application ol the acLounling policies, trusiees are reqUI￿d ￿ make judg&meni, 951imelg5 and assumptions a￿ul the rarrying velug of assgls and Iiabil11195 that arg not readilyapparenl from other sourc*s. The eslimales and undeTlying assufflplions arg based on historical &xperie[￿e other arg ¢onsidered to bg devant. Actual rpsults moydifferlrom Ih8sg gStim?tes. The estirnates end UndeT1w￿ essumptions ar8 rsviewed on an on%oing basis. Revisions to ￿￿O￿￿tIng estitnates ar9 r￿09￿1$ed in the pgriod In ¥vhi th8 ostitnat8 is rovi58d il the r@vision affects onlythat ur in the Judgetnenls mad& bylhe Trustees In the appI￿all0￿ of these accounting policies that have a signifi¢anl effect on Ihe fjnancial slal&ments and eslimales with a significant ri$k of mat&rial misststgm8nt In the year. are to b8 In r4*ion to the deprg¢lation rates of tsngibl& fixe¢ es%ets end ar9 disCu￿d abDV8. The areas th&re these1￿gem&￿ts and e$bmates have be&n madg indudelhe forlh& group.. The Truslegs have reviewed the ass&1 lives and assiKiatgd residual values of all tangible fixed asset classes, and have CQnLluded Ihal the assgl lives nd rgsidual valugs are appropriatg. bl Attruèd Income Accrued income Indudés18gacyincotné arnounts. In récognising acctu8d18DaCyinCQrn8. th8 Ttust88s have considèréd the proba￿litY of reC@ivit￿ 8ach legACy. Each legacy18 888e$8ed io determine an app￿p￿ale all¢￿ants￿hleh reflecis the POSSibillly tsf not $ubseouenUy rÈeeiVin9 the full income amounts. Page1181 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 Don¥tson¥ and le8x￿$ Total 2023 TDt 2022 Donations Donaied assets L8QaCI8S 54Q,111 717.955 50,000 1.559.452 4,442,050 4,982,161 2.327.407 othertradlng actfvttles Total 2023 Tol 2022 31,236 4,YD6 67.056 50,016 3.245 163.038 Shop income In¢ome of Trading subsidiary18ee nolg 71 103,198 216.299 Invg$trnfjnt inromg Total 2023 TDtFJ 2022 Dgpo$ita¢count Intergst 7,194 232,e43 3.482 240,818 240.037 244.300 Income from Charitable actNities Total 2023 Tgt 2022 Actmty Re-hotning dogs Rtshomlng doys In¢ome from general public Lot81 Èuthorltyctntracts Governm8nt grants 205.870 160,949 138.2 105.305 262 366,819 243.767 Other Income Total 2023 Tol 20 Pei rlan ccthn)Isslon ￿Le1Ved Mi$¢gllaneous Inwmg Feed in kriff 44,193 501 2.172 43.601 46.866 45.918 Page1191 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMIN HJMD Notes to the Financial Ststernents Forthe arended 31 December2023 Trading company The wholly ownod trading subsidiary Bit[ni￿harn Drys Hotne (Trading) kntnited 1$ Incorpor*￿ In th8 United Kingdom 1￿MPanY number 116890151 and pays prDfit5. which are surplus to trading requirements. tDthE chaniy under a dEed of covenanL The suMfflaryfinan￿al perfotrDance of lh& subsidiary Is.. As rgstatsd 2022 2023 Turnov&r 70.194 159.899 Adminislralive exwns&s 190.5961 Operating ILossW Profft 12Q,4021 46,984 ILossy Profit Worg distributi 121b,4021 46,984 The priLY year fin8nci81 st8tements of BirminohBm Dogs Home ITrBdlngl LIn)It￿ were rest8ted by £3,139 as a result Of deposits for boarding being received im advance In the yearended 31 December 2022 bul not being deferred. However. this adiuslmenl Is Immaterial lo the group has not been a¢iu$ted in Ih8secon$olideted financial statem9nls Ralglng fund9 Total 2023 Tol 2022 St8llcost8 Veterinary ¢c￿ts Invesimeni m8nager fees 533,380 167,5fj8 29,091 97,5B5 30.016 6S,215 3.690 64,815 282.064 30,022 8B.647 49,014 54.212 3.286 85,78S Showcosls ortice expense$ Ènd adtnlnistratlve YUPP[ Vehicle costs DepreciBtlon 999.360 706,208 Charttable a¢tMty co$tg Dlrect costs 5￿pport costs lsé¢ nots 111 Total$ Ch&rttable kctMtIES 2,539,139 33,352 2,572,491 10 Direr¢¢o8ts of thari¢abl• Jdivitig Total 2ts23 Tol 20 Stsll¢o$ts 1,392,253 38,571 201,761 96,y10 63.929 113,838 12.785 51,779 567,313 1,252.730 33.032 195,268 83.566 56,294 73.055 Yard 8nd ve￿r1narye¥0enses orhce 8XP8nSéS Rates and Insuramcg Van costs Repairs and renewals Dgprg¢18tion 45,670 573.883 2,539,139 5upport¢O8ts 2023 2022 Govornancg r¢>8ts Auditors. remuneralioD AuditDrS' remuneratlon for non Èudlt WDrtt L9gal and protsssional f&e$ AGM, 8nnu81 report and meebnc engts 13.500 2,650 14,880 2,322 13,500 2.6SO 17.207 4.518 33,352 37,873 Page1201 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMIN HJMD Notes to the Financial Ststernents Forthe arended 31 December2023 12 Net inwmgI1gxpwnditvrg1 Net lexpenditurey Inccrfne Is sta￿d after ch8rgingllcredltingl'. 2023 2022 Fees payable lo charivs auditors loth& audit of the financial statements Prolil Dn di5POsal Df fix￿ assets Auditors. r8muneralion for non audit wo Depr9¢￿tIOn- own9d ossets 13.500 13.500 300 2,650 573.B83 2,650 632,128 13 Cansolidated Stat8m8ntof Financial ActivitioB 2022 Vnrestrlcted fund Restricted fund Total 2022 IncDtnÈ ahd endowmÈnts from 2.031,fj57 295,750 2,327,4Q7 Charftable a¢tMtles Re-homing dogs Othertradlng actmtles Inve5ttnent income other Income 243,767 216.299 244,300 45.918 243,767 216.299 244,300 45.91e Total incorning r•sourc•8 2.781,941 295,750 3,077,691 Expenditure on Raising funds 706.208 7O6.20B Fte-homing dogs Otherexpend￿ure 2.067,233 295,750 2,362,983 Total Ye50urces expended 2.773.441 295.750 3.069.191 Net lexpendltuYe>lln¢ome before Inve9trnent galn9111osge$l 8,500 8,500 11,207.198} 11,207.1961 Not Income 11.198.6961 11.198.696) Transfers bglween tunds gt rn¢)V9rngnt in fun¢ts 11,198,696 11,198,696) Funds brought lon¥ard at l January2022 17,562,491 17,562,491 Funds up 2023 harity 2023 tsroup 2022 Charity 2022 Goodsforres*e 38.726 38.726 s2.￿9 52.859 38.726 38,726 s2.￿9 52.859 Th8 charity r8c8iv@s donations of stock durin9 the ￿arwhiCh cannol be valued and has not b88n indudéd in th8 stock figur@ above. thi8 donated stock Is CyM$￿ered 10 be ImM8terlal. Page1231 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 19 Debtors Group 2023 Charfty 2023 Group 2022 Charity 2022 Trade debiors Prepaym8nts and in¢gme Otherdeblors Amount5 owed bygroup undBrtakingY VAT recoverabl& 20,036 2,461,432 250 14.523 2,461,432 250 26,467 55.809 10.279 166.229 250 11,364 166.229 250 55.6B4 78.926 78.925 2,937,4Q2 2.55B,481 255.684 25fj.769 20 Credttors.. amountsfalllng due wtthlTh L¥)e year Group 2023 harity 2023 Group 2022 Charity 2022 Tr8de creditors Social security and othEr ￿x&S (Khercredilors Amounts owed to ¢rOUP ￿ndertakIng$ ruals en¢ d&f8rred income 88.370 47,115 52.142 88.212 47,115 52.142 183.fA5 3S.207 25.892 183.645 35.207 25.892 3.252 33.443 42,39fj 39,896 35.943 230,023 227,365 280.687 281.439 21 Mlwgment in fund Opening balance Incoming resourc¢6 tyoing resources Investtnent galns Transfers balance Op•r*ing Fund 3,34E,935 5,691,8B1 12,939,423) 553,548 3,747,82 Designatgd funds.. Prowrtyfund Developmenifund 6.514.E60 6,500,000 1632.1281 1.407.115 1,S00,NJO 7.2B9.847 8,000,000 13,014,060 1832,1281 2.907,115 15,289,847 Re51rlcled fvTrds Vehicle expendilure Dogs Chnslmas meals 46,900 300 46,900 13001 Total Re8lrictod funds 47,200 13001 46.900 Yotal Fund6 1fj,363,T95 5,739.081 553,548 19,OB4,573 Page1241 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 THE BIRMINGHMI DOGS HOME Notes to the Flnanclal Statements Forthe arended 31 De¢ember2023 21 ovfjmwnt fund¥ Iwntinufjdl Openlng bylsnc In¢omlng rgsourcg8 Outgolnu rgsourc•s Investment g¥in Tr4n8fgrs balanc Operating Fund 3,348,935 S,712,245 12,936,247) SS3,548 3,771,366 Desl9nated fund$'. pro￿tyfUn￿ Developmenifund fj,514,8fj0 6.500.000 1632,1281 1,407,115 1.500,000 7,259,847 8,000.000 13.014.B60 1632.1281 2.907.115 15.2B9.847 RÈstri¢tÈd lutrds Vehicle expe￿Ilur9 Dogs Christmas meals 46.9DO 300 46,900 13QOI Total Re5tr1cted fund5 47,200 13001 46,900 Total Funds 16.363.795 S,759,445 13,568,675) 553.540 19,108.113 Th9 prop9tylund is set 3side tD ¢QVfrthf CQ3t of Irf9hdd propprty liNiur8s and equipmpnt lorchatitable PUtPQW8. It is rgpr9SPntfd by net botsk vaue of freehdd property and fixtures and eoulpment alreadyowned. The deV￿0pMentIUnd has been aside lo coverlhe cost of the future development plans. The vehlde exwndI￿re fund Is Income whlch h88 ￿en received specKk8lly for the purchase 8nd flt oui of vehldes The Dtys Christmas medsfund Is Income receiv￿ speciffic8lly for dogs Chrlslmas me81 22 Analysls of net assets betrleen funds (Group) Anatysls of net assets betrleen fund6- current year Operating Fund Re8trict•d Designalfjd Total Tangibl&fixed assets Fixed assEt InveS￿￿EniS Net ￿rr￿n1 Iliabilthesll as$&ls 7.289.847 7.289.847 9,139,043 2.655.683 3,039,043 708.7e3 4fj.900 1.900.WO Balan￿ 48 at 31 D•cfjmb•r 2023 3,747,82fj 4fj,90Q 15,289,847 19,OB4,573 Anaty3is of n9t as89ts bwtwegn fund¥- prioryfjar Owyatlng Fund RÈstrlcttd De*l9ti8ted Totsi TangiblefixBd a55e15 Filed asset investffl&n Nei Cutteni1118bllibÈsV assets 6.514.860 4,é00.WO 1,900.MO 6.514.860 8.354.722 3,7fr1.722 Balance a9 at 31 Dectmber 2022 3,348.935 13,014.860 16.383.795 Page1251 DoGusign Envelope ID.. 1F5214A2-06C4-490F-WE7-782EF8B4FC06 23 Leaslng agreements Minlrnum lease payments under Mtrcancell8ble operaung leases 1811 due a5 follows.. Group 2023 Charfty 2023 Group 2022 2022 Within one year Be￿een one and fiv& years Grea￿r ihan five years 2,016 4.536 2,016 4.536 2,016 s,￿2 2.018 6.552 6.552 6.552 8,568 8,568 23 Penslon cost$ The companyoperatss a 08fined contributlon Pgnsion schetne for Its gmployees. The ¢hergg to the Operati￿ fund fryth& petiod was £65.139 120 £76,453). 24 Related party d16c105ure$ In the ye8r Income of £20was recelved from Wag & Wwf Ltd 12022.. £nlll. a ojmpanyolwhkh 8 tnjsiee Df The Blrmlngham Dogs Home Is 8 director. Advantage has been Liken Df the FRS102 exetnption for the disclosure of trathsactions with whdly own8d SUbs￿larIeS. 25 Ultimat8 controlling party Th8 companyis und8rth8 contrd DI trust885. 26 Roconclllatyon of net Incorne to nel ca6h flow from operatlng acuvlues 2023 2022 Net Income forthe reportlng perlod la5 perthe statementof a¢1vI￿).. Adjustrn•nts fgr.. Depreciation ch8rges L055esllgains1 Dn inveslments 2,720,778 11.198,6961 632.128 32,303 1240.0371 645,622 1244.3001 1.081,483 Unreall$ed ltsssl198lnl on InVes￿en ID8¢rea$g1l Inug8se in stoths Decreasel Iincreasel in deblors Increas8 in cr8ditDrs 14,133 320,798 56.759 Net cèsh p￿ded by lusÈd Inl opÈrntlng aedv1￿*9 241,072 75B.751 27 Anafysis of in nwtfund¥ 11112023 Cash flow At 3111212023 Net cash Cash al bank 1.456.357 1.146.779 3O9.57U Total 1,45fj,357 1,146,779 3fj9,575 Page1261