CHARITY REGISTRATION NUMBER: 251387 The Society For The Rescue of Destitute Animals Unaudited Financial Statements 26 July 2024 GORT AND MARCH Chartered Accountants 320 London Road Hazel Grove Stockport Cheshire SK7 4RF The Society For The Rescue of Destitute Animals Financial Statements Year ended 26 July 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The Society For The Rescue of Destitute Animals Trustees, Annual Report Year ended 26 July 2024 The Iruslees present their report and the unaudited financial slatemenls of the charity for the year ended 26 July 2024. Reference and administrative details Registered charity name The Society For The Rescue of Destitute Animals Charity registration number 251387 Principal off ice 20 Chalsworih Road High Lane Stockport SK6 8DA Cheshire The trustees Mr P. Sharples Mrs Y. Unwin Independent examiner Andrew Bland BA FCA Structure. governance and management Governing document The society, which is a registered charity in England and Wales. 15 operated under the rules of ils Conslilulion dated 21 January 1996. as amended 11 May 2000 and 1 June 2006. The Management of the Trust is the resFK)nsibility of the trustees who are elected and CO￿pIed under the terms ol the Conslilulion. Recruitment and appointment of new twstees Trustees have lo be elected each year al the AGM. Trustees are not automatically re-elected. Organisational structure All decisions are taken collectively by the ttuslees and meetings for that purpose are held when required in addition lo the AGM. All Iruslees give of Iheir lime fredy and are unpaid. Details of any bellefils or expenses received ale showrb as applicable in note 11 to the accounts. The Society For The Rescue of Destitute Animals Trustees. Annual Report Iconlinu8¢* Year ended 26 July 2024 Objectives and activities Objectives and aims The society, which is a recognised charity in England and Wales. is operated under the rules of ils Conslilulion dated 21 January 1996. as amended 11 May 2000 and 1 June 2006 The managemènt of the Trust is the responsibility of the ttuslees who are elected and co-opted under the terms of the Conslilulion. The principal object of the sctiety is to save by all means FK)ssible Ihe lives of as many deslitule animals as possible by providing food, shelter and veterinary attention and lo find homes for as many animals as possible. There have been no changes in the objectives since the last annual report. Public benefit In setting our objectives the society has given careful consideration to the Charity Commission'5 public benefit guidance. Achievements and performance Charitable activities The principal object of the society is to save by all means possib￿ the lives of as many deslilule animals as possible by providing food, shelter and veterinary alien11￿ and lo find homes for as many animals as possible. The Iruslees are in the prO￿sS of winding down the charity and havè been looking for other charities which will further the charity's purpose to transfer the funds and assets to. Financial review Financial position The fund represenls the unreslricled funds arising from past operats.ng results. It also represents the free reserves of the charity. The trustees are satisfied that the balance ol the fund P1.452,448 las shown in note 15 to the accounts) is sufficient to cover the anbcipaled expenditure for the foreseeable future. Investment policy and performance The investment policy of the sctiety is both emphasis on capital growth with modest risk and reinvesting income. During the year the society have not disposed of any inveslmenls. The investments generated income of £29.071 {2023 £18.2201 in line wlh the trustees, expeclalions. In a year where Interest rates continued to rise and the markel performance of the listed investments was stronger the swiety is showing an unrealised profil on the market valje of the listed investments al the balance sheet dale of £26,491 {2023 - £4.2581. Future plans The plan is lo continue lo wind down the charity in an orderly way. The assets remaining after the satisfaction of any proper debts and liabilities will be transferred to such other charitable inslilulions or inslilulions having objects similar lo the objects of the society as detetmined by the Iruslees in accordance with clause 24 of the conslilulion and rules. The Society For The Rescue of Destitute Animals Trustees. Annual Report (tonlyRuedJ Year ended 26 July 2024 The Iruslees. annual report was approved on trustees by.. aThJ signed on behalf of the board of Mr P. Sharple Tiustee The Society For The Rescue of Destitute Anirnals Independent Examiner's Report to the Trustees of The So¢iety For The Rescue of Destitute Animals Year ended 26 July 2024 I report to the Iruslees on my examination of the financial slalements of The Society For The Rescue of Deslitule Animals I'lhe charity) for Ihe year ended 26 July 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparthon of the financial 5talemenls in accoidance with the requirements of the Charities Act 2011 ('the Act l. I report in re5pe¢l of my examination of the charity's financial slalemenls carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllb} of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my allenlion in connection with the examifiation giving me cause lo believe that in any mateiial respect.. accounting records were not kepl in respect of the charity as iequired by section 130 of the Act., or the financial statements do not accord those records". or the financial statements do not comply with the applicable requiremenls Con￿rning the form and content ol accounts sel out in the Charities {Accounls and RetY)rtsl Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a maller considered as part of an indeperbdenl examinalion. I have no concerns and have come across no other matters in connection wlh the examination lo which allenlion should be drawn in this report in order to enable a pioper understanding of the accounts lo be reached. Andrew Bland BA FCA Independent Examiner Gort & March 308 London Road Hazel Grove Stockport Cheshire SK7 4RF The Society For The Rescue of Destitute Animals ststement of Financial Activities Year ended 26 July 2024 2024 Unrestricted funds Total funds Total funds 2023 Note Income and endowments Donations and legacies Investment income 527 29,071 527 29,071 18,220 Total income 29.598 29,598 18,220 Expenditure Expenditure on charitable activities Total expenditure 11.4651 11.4651 (1.4651 (1.4651 12,0501 12,0501 Nel gains on inveslmenls 26.491 26.491 4,258 Net income and net movement in funds 54.624 54.624 20,428 Reconciliation of funds Total funds brought forward Total funds carried fornard 1,397.824 1.397.824 1,377,396 1.452 448 1.452.448 1,397.824 The stsletnenl of financial activities includes all gains and losses recognused in the year. All income and expenditure derive from conlinuing activities. The notes on pages 7 to 11 form part of these financial statements. The Society For The Rescue of Destitute Animals Statement of Financial Position 26 July 2024 2024 2023 Note Fixed assets Investments 13 1.147,580 1,110,211 Current assets Cash al bank and in hand 306,308 292,627 Creditors: amounts falling due within one year Net current assets 14 1,440 5,014 304.868 287,613 Total assets less current liabilities 1.452.448 1,397,824 Net assets 1.452.448 1,397,824 Funds of the charity Unreslricled fund5 1.452.448 1,397,824 Total charity funds 15 1.452,448 1,397,824 These financial statements were approved by the board of trusl*s and authorised for issue on and are signed on behalf of the board by-. Mr P. Sharples Trustee The notes on pages 7 to 11 fom) part of these financial staternents. The Society For The Rescue of Destitute Anirnals Notes to the Financial Statements Year ended 26 July 2024 General information The charity is a publK benefit enb.ty and a registered chafty in Eftgland and Wales and is unincorporated. The address of the principal Offi￿ is 20 Chalsi.￿rlh Road. High Lane, Slo¢kport, SK6 8DA, Cheshire. Statement of compliance These financial slalements have been prepafed in Complian￿ with FRS 102. The Financial Reporting Standard applicable in the UK and the Repubiic of Ireland,. the Slalemenl of Recommended Placti￿ applicable to charities preparing Iheii accounts in accordance with the Financial Reporting Standard applicable in the UK and RepuLlic ol Ireland IFRS 1021 (Charities SORP IFRS 1021} and the Charities Act 2011 Accounting policies Basis of preparation The financial ststements have been prepared on the hislotical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment proterties measured al fair value through income or expenditure. The financial statements are prepared in slerting. whtch is the luncb.onal currency of the entity. Going concern There are no material uncertainties about the charitys ability toconts'nue. Judgements and key sources of estimation uncertainty The preparation of the financial slalemenls requires management lo make judgements, eslimales and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experien￿ and other factors. including expectations of future events that are believed to be reasonable under the circufftstances. Fund accounting Unreslricled funds are available lor use al Ihe discretion of the trustees lo further any ol the charity's purposes. Designated funds are unreslricled funds earmarked by the trustees fof particular future project or comm11menl. Reslricled funds are subjected to reslriclions on their extwditure declared by the donor or through the terms of an appeal. and fall into one of sub-dasses." restn.cled income funds or endowment funds. The Society For The Rescue of Destitute Anirnals Notes to the Financial Ststementsiconlinued) Year ended 26 July 2024 Accounting policies (conlinuedj Incoming resources All income is included in the statement of Iinancial activities when enlillemenl has passed lo the charity. it is probable that the economic benefits associated wlh the transaction will flow to the charity and the amount can be reliably measured. The followng speafic pOT￿leS are applied lo particular categories of income- Income from donations or grants is recognised when Iheie is evidence ol enb'tlemenl lo the gift, receipt is probable and its amount can be measured reliably. Legacy income is recognised when re￿Ipt is probable and ent￿ement is established. Resource5 expended Expenditure is recognised on an akncruals basis as a liability is mcurred. Expenditure includes any VAT which cannot be fulty recovered, and is classified under headings ol the slalemenl of financial activities lo which il relates.. Expenditure on chaTitable aclivib.es includes all costs incurred by a tharity in undertaking activities that further ils charitable aims for Ihe benetit of 115 beneficiar￿5, including Ihose suptK)rt costs and costs ielating lo the governance of the charity aptx)rts"oned ID charitable activities. Other expenditure includes all expenditure that is neilher related to raisir@ fvnds for thè charity nor part ol its expenditure on charitable actwilies. All costs are allocated lo expènditure categories reflecting the use of the resouice Direct costs allribulable lo a single activity are al]ocaled directly lo that aclmty. Shared c05t5 are apportioned be￿een the activities they conth.bute to on a reasonable, justifiable and con5islenl basis. Investments Unlisted equity investments are initially recorded at cost, and subsequentty measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. Listed investments are measured at fair value wth changes ￿ lair value being recognised in income or extEndilure. Impairment of fixed assets A review lor Indicators of impairment is carried out al each rekK)rting dale, wth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the 2ssel is impaired accordingly. Prior Impairments are also reviewed for possible reversal at each reporbng date. The Society For The Rescue of Destitute Animals Notes to the Financial Statementsicontsnued) Year ended 26 July 2024 Donations and legacies Unreslricled Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Legacies Legacies 527 527 Investment income Unreslricled Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Bank interest receivable Other fixed asset investment - Fll 15.396 13.675 15.396 13,675 8,869 9,351 8,869 9,351 29.071 29,071 18,220 18,220 Expenditure on charitable activities by fund type Unrestricted Total Funds Uniestricted Total Funds Funds 2024 Funds 2023 Charity expenses Support Costs 25 1,440 25 1.440 1.210 840 1,210 840 1,465 1.465 2,050 2.050 Expenditure on charitable activities by activity type Activities urKlertaken directly Support costs Total funds 2024 Total fund 2023 Charity expenses 25 1.440 1.465 2,050 Analysis of support costs Anatys6 01 support costs acb'wry 1 Total 2024 Total 2023 Governance costs (1.4401 {1,4401 18401 Net gains on investments Unrestricled Total Funds Unresliicted Total Funds Funds 2024 Funds 2023 Gainslllossesl on listed investments 26.491 26.491 4.258 4,258 The Society For The Rescue of Destitute Animals Notes to the Financial Statementsiconllnuedj Year ended 26 July 2024 10. Independent examination fees 2024 2023 Fees payable to the independent examiner for". Independent examination of the financial statements 660 11. Staff costs The average head count of employees during the year was Nil12023". Nill- No employee received employee benefits of more than £60.OOOduring the year12023'. Nil). 12. Trustee remuneration and expenses No Iruslees, remuneration or olhei benefits were paid fof the year ended 26 July 2024 {2023". Nill. There were no Iruslees. expenses paid for the year ended 26 Juty 2024 {2023.' Nill. 13. Investments 5ted Other investrenls investments Total Cost or valuation At 27 July 2023 Additions Fail value movements 355.110 755.101 10.878 1,110,211 10,878 26.491 26.491 At 26 July 2024 Impairment At 27 July 2023 and 26 July 2024 Carrying amount At 26 July 2024 Al 26 July 2023 381.601 765.979 1,147.580 381.601 765.979 1,147,580 355.110 755.101 1,110,211 All investments shown al)ove are held al valuation. Financial assets held at fair value The listed investments are shown al market value and comprise of Fixed Interest Bonds £127.357 12023 £123.4941. UK Equities £149.780 12023 £139.3071 and Overseas Equities £104,46412023 £92,309}. 14. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1.440 5,014 10 The Society For The Rescue of Destitute Animals Notes to the Financial Statements(coRtinued) Year ended 26 July 2024 15. Analysis of charitable funds Unrestrieted funds Al 27 July 2023 Gains and At losses 26 July 2024 Income ExpeThJiture General funds 1.397.824 29,598 11.465) 26,491 1,452,448 Al 27 Juty 2022 Gains and Al losses 26 July 2023 Income Expenditure General funds 1,377.396 18.220 12,050) 4,258 1,397,824 16. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than 1 year Net assets 1,147,580 306,308 11.4401 1.452,448 1,147,580 3C￿,308 11,4401 1,452.448 Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Net assets 1.110,211 292,627 {5,0141 1,397,824 1.110.211 292,627 15,0141 1,397,824 17. Related parties There are no related paty disclosures required12023- none) 11