/'1 c.cc J /￿Tr.k Charity registraiion number.. 262245 The Rhodes Minnis Cat Sanctuary Annual Repon Financial St4iement5 for the Year Ended 31 December 2023 Beresfords Chartered Certifi¢d Accountants 1-2 Rh(wJium Point Spindle C105¢ Hawkinge Folkestone Keni CT187TQ The Rhodes Minnis Cat Sanctuary Contents (Continued) Reference and Administraiiye Ddailg Trus¢ees' Report 2to7 Stsiemeni of Trusitts. Responsibilities Independent Audilors, Report 91012 Ststement of Financial Aclivili¢s 13to 14 Balanre Sheei Cosh Flow Staiement 16 Notes to the Financial Stalements 17to30 The Rhodes Minnis Cat Sanctuary Reference and Adminislrntive Details Tru5t¢e$ Mrs D G Taylor Mr M J Whibley Mr C Russell Ms D J Colam Mrs D Thompson Mr C P Williamson Prinelpal Office Seathwarte Rh(Ml¢s Minni$ C¥nt¢rbury Kenl CT4 6XU Ch8Tlty Regl$lr*tion Number 262245 Bankers Lloyds Bank 43 Sand8aie Road Folkesione Kent CT20 1 RZ Auditor Beresford$ Chartered Certified Accounthnts 1-2 Rhodium Point Spind5e Close Hawkin8e Folkesione Kent CT187TQ Page I The Rhodes MiDDiS Cat Sanctuary Trnstets, Report Th¢ trusltts present the annual report together with ihe financial ststemenis of ihe charity for the year ended 31 December 2023. Objectives and aclivities Objecls omd The objects of ihe charity are to provide a sancwary for unwanted cats and kitten5. to provide homes for them and 10 perforni any oiher work the object of ￿'hICh is io ensure humane conduct towards, and treaiment of. cais and kittens. The objects accord wilh ihe definiiion of chariiable purFrfTrS¢S in the Charities Act 2011 being for the advancement of animal welfare and suppon of people who no longer able to car¢ for iheir pels. The main focus of our actlVLties coniinues to be that of ensuring we provide a rehoming cenire and sanctuary for lh¢ cals and kitt¢n5. which iheir owner5 are unable 10 care for. and for those which are broughi to us by other ag¢n¢ic5. or by members of the public as strays. We are the largesi rescue organisaiion caiering for catg only in East and South Kent and we are willing io lake cais of any age or condiiion. No cat is ever pui io sleep unless the veis advise ihai he or she no longer enjoys any prospeci of a reasonable quality of life. Objecllves. slralegles 4ndocilvlile The sanctuary care5 for up 10 200 ¢?15 and kittens ai any one lime. There are three separate enclosures. Ihe first located behind the bungalow and ¢omprising the rehoming centre with 31 reception pens and coinmunal areas a¢¢ommodating cais suitable for rehomin8. Across ihe road on Long Piece Field is ihe sanctuary known as Magpie House which accommodaies up 10 60 cais which by reason of their iemperamenis are unhomeable and will live oui their lives here. A ihird enclosure accommodaies Ihose cats which have iesied posiiive for FIV (Feline Immunodeficiency Virus) and could be homed. bui only where ihey have no Con￿¢1 wilh other cats. EveNhing is done to mainlain an environmen¢ where all lhe ¢ots will have $iimulaiion. an active ouidoor life and coniaci wilh staff and visifor5. A v¢lerinJry surgeon visils the Sanctuary once a week io ¢heck Thew a￿1val$ and attend to cases which do not r¢quir¢ imrn¢diat¢ treatment. In nomial times ihe Sanctuary is open to visitors wiihout prior appointment from 10am to I pm and 2pm to 4pm seven days a week excepi over Chrisimas and New Year. Publle bemejli In planning our activities at meetings, trusfees keep in hand the Charity Commission's guidance on public benefit. -rhe trusitts confirni thai ihey have complied wilh Ihe Tequiremenls of seclion 17 of the Charities Act 2011 10 have due regard io the public benefii guidance published by the Chariry Commission for England and Wales. Page 2 The Rhodes Minnis Cat Sydnctuary Trustees, Report (continued) AehieveTheNts perform#nct During the year th¢ charity look in 278 cats and rehom¢d th¢ same number. that figur¢ boosted by kittens bom at Ihe sanctuary io moihers who w¢r¢ pregnant wh¢n w¢ look th¢rn in. This r¢pr¢s¢nts a 78•/0 incT¢ase on rhe previou5 yepr. Rev¢nu¢ from th¢ boarding cattery increased by 60/0 d￿Pite charg¢5 not b¢ing increased and the general declin¢ in consumer spending and holiday bookings. B¢fore adju5tm¢nts for donaied stock, our shop takings increased by 30/17 and the profit from the shop 6.70/0. Our 2023 Open Day, Christmas Fair and quiz nighis rdised £8,717. a declin¢ on last yetrs totals. d¢spite the Open Day attracting ihe largesi crowd we have ever known ai Seaihwaiie. Our aciiviiies were restricied during ihe laller part of 2023 by an ouibreak of rin8wornI in ihe kittery. introduced by kittens we look from another source. This necessithied a ihree-monih closure or the kir¢ery and a major deep clean and refvrbishmeni carried oui by our siaff. The killery is now fully operdiional again. Our activity level has increased during the pasi year alihough noi yei fully reiurned io prevcovid levels. Every cai we rehome 15 checked by our veis, neulered or spayed, iesled for FIVIFELV ViTuses. vaccinaied and microchipped. If cats require velerinary treatment. often denthls. Ihis is done before rehorning. We estimate ihat each rehomed cal costs an averdge of between £320-£400 to achieve our standard5 before he or she goes io new owTJ¢r. We #r¢ grat¢ful for ihe number of visitors to our sanctlhary and the on-80ing sUPPQrt froin donors and l¢ga¢ies. We are proud ihat we are able 10 welcome visiiors every doy wiihoui appointment io see ihe ¢als enjoying a lar8¢ measur¢ of freedom in our spacious enclosures. Page 3 The Rhodes MinDiS Cal Sgn¢tuAIry Trustees. Report (eontiDued) Finantlal revlew Pollcy on resenys The background to the reserves policy is'.- Irigures stal¢d below include Seathwaite B(trarding Cattery Lidl al The sanctuary is entirely dependent on the paid workforce numbering eighi ai preseni. The care of up to 200 homel¢s5 cais and up 10 80 boarders in ihe summer requires a $￿tT0f five cat carers to cover a sev¢n day week. In addition the sartciuary needs the seThices of a mainienance haTrd)TrarVgard¢n¢r and part lim¢ shop inanagers. as well as outside help in mainthining the exiensive buildings and other ins￿lIall0￿$ (Trn ihe pr¢mi5es. bl The annual wage bill. including pension conrribuiions. which will continue io rise in Ihe fvture. ¢urreTh¢ly totals £187.0(M) p.a. and ihe sanciuary now c051s in excess of £375.0(KJ p.a. in all io run. Regular donations, fund raisinglsponsorships, boarding ¢attery and shop incorne only ¢over 50•/0 of ouigoings. The sanciuary has been fonunaie in receiving legacies towlling £226.551 in the y¢ar under review. and inieresi on our reserves has risen for the lime being with increases in interesi rate$. Al the same lime hom'ever. sthff. fttd and veterinary costs and iility bills are increasing al even greoter rates. Smaller charilies do not have the resources io compde wilh the larger players in fund raising campaigns. Legacy income is also likely io decline as people live longer, require more support in old age or have io go into care reducing their capital. I Charity fund raising in T￿W highly compdiiive. l>Jr limited staff and volunteer force can only run two majoT fund raisers every year. supplemenied by quiz ni8his organised in-house. We pr¢f¢r lo rely on our own efforts rather than iinport ouiside allraciions which can be cosily. Income from the boarding Caltery has iinproved subsianiially from last yearfs low. levels bul we siill seldom achieve rnor¢ ihan 6￿/0 occupancy. Many people Iravel less and find friends and neighbouTS willing to look afler ih¢ir cats while Ihey ar¢ away. Our shop gives us publiciiy and a presence in our hom¢ town but w¢ have competilion for wonhwhile gifted sio¢k. The nei income remains small. and there is a ¢onsid¢rabl¢ polenlial liability for repair5 to the ouidaied shared building of which the shop forms part. dl Pressure5 on our Small siaff are increasing all the time. New regulations demand more record keeping. Many routine procedures and business ¢rdnsaciions now have io be done online which 15 often more lil￿e consuming. LimÉtalion5 on the availabiliry of veierinary services is anoiher issue. The Twsle¢s envisag¢ that the charity will need another pair of hands in the near fuiure. el Our buildings and facilities were the subject of rnajor improvements 25 yeart a80. A further pro8ramm¢ of repairs and mainienance 15 now necessary. Thal will include 8 new shower and washroom for the managers and additional ihennal ansulation in the bungalow. new fittings. shelving and re.iiling in ihe cai's kiichen and laundry. and a new septtc tank and ireaimeni plant to service ihai building. This projected expendiiure could reach a six-figure sum. 0 Wages will continue to rise following the implemeniaiion of the new minimum wage. Our veterinary c051s have doubled in the pasi year. Lighting and healing costs have increased by 410/•. Our activilies general¢ a considerable amount of waste and disposal c051s increa5¢ yepr by year. ¥) In the light of ihese factors the trustees consider the present cash and investsneni reserves. representing approximaiely 12 years outgoings. necessary to safeguard the sanctuary's future. Ai preseni 44/0 of those reserves are held in rash dep051ts and 56Q/D in funds managed specificall), for chariiies and in equiiies derived from previous bequests. The trusiees will continue io opi for a very low risk investment strategy. Page 4 The Rbodes Minnis Cat Sanctuary Trustees, Report (continued) Plans for future periods Alm5 objeclivesforfuiurepeflods a} To continue to takf in and rehome cais of any age or deseripiion. and to provide a pennaneni sancluwy for the unhomeables for th¢ renjainder of iheir lives whilst they have a relsonabk 9uality of life. bl To pursue OUT on-going PTogTrmme of improvements and upgrading of our facilities despiie the diifi¢ulti¢s in getting the work done. cl To continue io publicise our atlivities by.'_ i) Responding to enquiries and a￿lS(In¥ people needing to give up their cats or seekin8 io adopt on a daily basis within our opening hours. Ll) Maintaining activilies and regularly updaied websites and Facebook page5 With cats available for homing and news of our a¢tivitie5. iiil Holding regular fund-rdising events. Slrycturel governance and m¥n*gemtnt lure ulRoverNlng ductsmtni The charity is governed by lis governing documen15. a deed of irust dated 3rd March 1971. The charity was incorporated under ihe provisions of seciion 52-55 of ihe Charities Act 1993 by order of tht cominissioners daied 13th May 1997. ReerMlimeMI andoppolnlnwnl oftr4slees The trusltts are appointed by resoluiion ofihe exisling tru￿Ce body. Jnd¥rilon ir47lvlnK oftrmsiees All of the trustees are familiar with Ihe practical work of the charity. New trustee5 are given a basic induction to Ihe charity covering key are￿ of financial managemeni and fundraising along wilh their duties as a trusttt. Page 5 The Rhodes Minnis Cat Sanctuary Trnstees. Report (continued) Orgt7nlsolionalslruclMre There are currenil J 6 tru51¢es. The current board comprise5 Mr ChTiStopher Russell. Chairnian, who is a retired solicitor. Mr Christopher Williamson. Deputy Chairn)an, Ms tkl)orah Colam. Treasurer, Mrs Diana Taylor. Mrs Diane Thomp50n and Mr Michael Whibley. Mr Russell or Mr Whible). are on Ihe premises on most days and attend to routin¢ cornmunieaiions and the receipt of donaiions in collaboration with ihe co-manag¢r5. The day to day managemeni is in the hands of Mi5se5 Trncey and Claire Jell. joini managers. are both fvll lime rcsident5 on the premiseg. There are four further fvll time employees assisied by regular volunle¢rs. The bookkeeprng is carried out by Mrs Kaiie Clarke of CLIC Bi)okkeeping. The trusiees meet regularly during the year. in addition, Mrs Diana Taylor visits monihly. Th¢ sponsorship scheme for resident cats is admini51er¢d in house by sanctuary staff. A boarding callery business is a150 run on premises ai Seaihwaite, all profits frorn which are covenanied to SUPPOrt the sancruary. li is operaied ihrough a separate trading compan},. Seathwaiie Boarding Callery Lid (Company Regisiraiion No. 034235961. The premises are licensed under the Animal Breeding and Boarding Establishments Act by Folkeslone and H￿he Districi Council io board 120 cttis. and there are ai preseni 32 single and 20 double and treble p¢ns. each with individual chalds. The directors of the Ix>arding cartery company are currenily ofthe iruS￿s. namely Mr C Russell and Mr M Whibley. The oiher two direciors are Miss T Jell and Mis5 C Jell. Each direcior is also a shareholdeT Wlth 25 shares each. The customers ofihe Ix)ardin8 cattery includ¢ many of ihe people who have re-homed cats froin the sanctuary. The gross receipts for ihe year ¢nd¢d 31 51 December ?0?3 were £70.007 (2022 - £66.0571. The acliviti¢s of ihe boarding canery are M)t included in ihe accounts ofihe charity. The charity also runs a charity shop selling primarily donaicd goods under the Irading Ttame of The Cai Basket t 16A Cheriion Place, Folkesione. The shops managers are Mrs Jennifer Campb¢ll and Mrs Susan Peake who each work I 112 days a week and are ¥ssisied by a roia of voluntary helper5. All profits from Ihe shop go io ihe chariry, which were for the year £9.93412022- £6.965). Page 6 The Rhodes Minnis Cat Sanctuary Trnstees. Report (continued) monogemenl The trustees have a duty to ideniify and review the risks io which the charity is exposed and to ensur¢ appropriate controls are in place io provide reasonable &8surance againm fraud or error. The irusiees have undenaken a review of ihe major risks io which the charity is exposed and ihis has been communicated to ihe charity's insurers. The irusiees consider ihai financial risks are slighi given ihe charity's invesimeni policy. A misiee insurance indemnity policy is in force. Adequate public liability and employers insurance5 are maintoined. The trustees are #Ware of the ineviiable risks rrf)sed by allowing ihe public free access to ihe 5anciuary. However. Ih¢y regard that as an essential element of their r¢homing policy becau￿ only by seeing and relating io individual ¢ats are potential adoplers able to ch005e the cat they would like lo take into their home. The annual report was approved by ihe irusiees of the charity on .................... and $i￿¢d on its behalf by.. Rus Trusi P Williamson Trusiee Page 7 Tbe Rhodes Minnis Cat Sanctuary Statement of Truslees, Responsibilities The truste¢s are resFrfTrnsible for preparing the trustee5' T¢POrt And the financial siaiements in accordance with th¢ United KingdoTn Accounting Standards (United Kingdom Generally Accepted Accounting Prdciic¢) and applicable law and regulaiions. The law applicable io charilies requires ihe tnjsieeg io prepare financial statements for each financial year which give a true and fair view of the siaie of affairs of ihe chariry and of the incoming resources and applicaiion of resources of the charity for ihat peri(wJ. In preparing ihese financial statements. the trusitts are required to.. select suitable accounting policies and Ih¢n apply them cortsisienily: bserve the methods and principles in the Charities SORP; make judgements and e51imaies ihai are reasonable and pnJdertl- state whether applicable accounting Standards hav¢ been followed, subject lo any m4feri¥41 departures disclosed and explained in ihe financial slatem¢nt$- and prepare ihe financial statemenis on the 8oin8 concern basis unless it is inappropriaie 10 presume ihai the chariry will continue in business. The trus¢tts responsible for keeping proper accouniing records thai disclose wilh reasonable accuracy 01 ony tim¢ th¢ financial position of the charity and enable them io ensure ihai ihe finan¢ial stateinents comply with the Charities Aci 2011. Ihe Charitie5 {A¢counts and Repons) Regulaiions 2008. and ihe provisions of ihe ¢gn5titulion. The rnjsiees are also resFM)nsible for safeguarding ihe 8s5¢1s of the charity and hence for iaking r¢a50nable steps for ihe prevention and detection of fraud and oiher irr¢gul4rities. The trustees ore responsible for the mainlenance and iniegrity of ihe corporate and financial inforrnalio included on lh¢ charitable company's website. Legislation 8overning ihe prepardiion aThd di55eminJtion of rinancial $tat¢menis may differ from le8i51alion in other jurisdictions. Approved by ihe trustees of ihe chariry on 21tsk* and "gn¢d on iis behalf by: Mr C Russe Trustee Mr C P Williamson Trnstee Page 8 The Rhodes Minni5 Cat Sanctuary Independent Auditor's Report to the Members of The Rhodes Minnis Cat Sanctuary Opinion We have audiied the financial statements of The Rh(Mles Minni5 Cat Sanctuary. Iihe 'charity') for ihe year ended 31 December 2023, which comprise the Siaternent of Financial Acitvities. Balance Sheei. Cash Flow. Siaiemeni, and Notes io ihe Financial Siaiements. including a Summary of significani accouniing policies. The financial reporting fraMe￿Ork that has been applied in their prepaAtion is Uniied Kingdom Accouniing Siandards. comprising Chariiies SORP - FRS 102 'The Financial Reporttng Standard applicable in ihe UK and Republic of Ireland. and applicable law IlJnii¢d Kingdom Genernlly ACce￿¢d Accouniing Praciicel. In our opinion the financial stsiements.. give a true and fair view of ihe slate of th¢ ¢hwity'S affairs as ai 31 December 2023 and of lis incoming resources and application of r¢50ur¢¢s. including its income and expenditure. for the year ihen ended., have been properly prepared in accordance with Uniied Kingdom Generall), Ac¢eOed Accounting Praclice; have been prepared in accordance with ¢he requirements of the Charities Act 2011. BAsi5 for oplnion We conducied our audii in accordance with Iniemaiional Standards on Auditing IUK) {ISAs IUKI) and applicable law. Our re5pon5ibilitie5 under those standards are further described in Ihe auditOT responsibilities for the audil of ¢hc financial 5tatemenis section of our repon. We are independent of the charity in accordance wilh Ihe cthical r¢quir¢m¢nts that are relevant io our audii of ihe finaThcial statements in the UK. including ihe FRC'5 Ethical Standard, and we have fulfilled our oiher eihical resp)nsibililies in accordance with thes¢ r¢quirein¢nls. We believe that ihe audit evidence we have obthined is sufficieni and appropria1¢ to provide a basi5 for our opinion. Other matters The financial slalernents for ihe prior period were noi avdiied as the Charity had not excttded ihe charity audil tre5holds. CoDclysio#s relating to going eoneer In auditing the financial sialernent5, we have concluded thai Ihe irusiees use ofthe going concern basis of accountin8 In the pr¢parJtion of the financial siaiemenis is appropriaie. Bosed on Ihe work we have perfoThed. we h•ve ttot Identifi￿ any maierial uncertainties relating to evenis or onditions Ihat. individually or collectively. rnÈy cast significani doubt on the Charity's ability io continue as a goin8 concern for a period of at leasl tw¢lv¢ months from when ihe original financial siaiemenis were au(horised for issue. Our r¢sponsibilities and the responsibilities of the m151ees with resp￿1 to going Concern 4re described in ihe relevant sec(ion5 of this report. Page 9 The Rhodes MiDnis Cal S*n¢tuary Independent Auditor's Report lo the Members of The Rhodes Minnis Cat Sanctuary (continued) Other informatio Th¢ tnJ5tees are iesponsible for ihe other information. The other Tnforniation comprises the inforniation included in the annual report, other ihan ihe financial stateTnenlS and our audiior's repon ihereon. Our opinion on ¢h¢ rinancial statements does noi cover the other inforniaiion and, excepi io the exieni oihenvise expli¢iily 5tht¢d in our report. we do noi express any form of ￿surance conclusion thereon. In conneciion wilh our audii of the financial staiements, our responsibility is 10 read the oiher inforn)aiion and. in doing so, Consider whether the IAher inforniaiion is maleriall). incon51Stenl with the financial stsiemenis or our knowledge obtained in Ihe audit or oiherwise appears to b¢ mat¢riallJ mi5siated. If we iden(ify such maierial inconsisiencies or apparent maierial mIss￿leMenTs. we are requir¢d to deiemiine wheiher ihere is a maierial missiatement in the financial siaiemenis or a material mi5Statemenl of ihe other infomiaiion. If. based on the work w¢ have perfomied. we conclude thai Ihere 15 ¥ mai¢rial missthiemeni of ihis oiher infoTmation, we are requir¢d to rep)rt Ihat faci. We have nothing lo report in ihis regard. M#iters on whl¢h we *re rtquired to report b). exteptlon In the I1￿h( of our knowledgTe and undersianding> of ihe charity and its environment obtained in the course of the audit, we have not identified maierial missMtements in ihe Trustees, Report. W¢ have nothinb> lo report in res￿¢1 of ih¢ following mailers where ihe Charities (Accounts and Report) Regulations 2008 requires us to report to you if. in our opinion". adequate accounting records have not been kepl. or relurns ￿e4Vale for our audit have noi been received from branche5 noi wisiied by us- or the financial stalements are noi in agreemeni with Ihe accouniing records and retums. or certain disclosyres of trusiees remuneraiion specified by law are noi made- or we have not received all ihe infonnalion and ¢xplanaiions we require for our audit. Re5POllslbllities of trus¢e¢s As explained more fullj. in the Ststemeni of Trustees. Responsibilities (set oui on page 81, the trusiee5 are responsible for the prepaTaiion of ihe financial statements and for being saiisfied that they giv¢ o tru¢ pnd fair view, and for such iniernal Control as the trusiees deiemiine is necessary io enable ihe pr¢paration of financi41 statemenis Ihai are frtt frorn material rnis5tatemeni. wheiher due 10 fraud or error. In preparing the financial stsiernents, the Iru51tt5 are responsible for assessing the charity's ability to continue as a going concern. disclosing. as applicable, matlers related to going concern and using ihe going concem basis of ac¢ountin8 unless Ihe trusiees eiiher ini¢nd to liquidale the charity or 10 Cease operations, or have no realistic alternative bui to do so. Page 10 The Rhodes Minni$ Cat Sanctuary Independent Auditor's Report to the Members of The Rhodes Minnis Cat Sanctuary (Continued) Auditor ResponsRbililies for the audit of th¢ finaDcial st*l¢meDIs We have been appoinied as audiior under seciion 144 of ihe Charilies Aci 2011 and report in accordance with Ihe Aci and Televani regulaiions made or having effeci ihereunder. Our objective5 ￿ lo obtain r¢&sonable a55urance about wheiher the financial sthiements as a whole are free from material misstat¢m¢nt. wh¢th¢r due lo fraud or error, and io issue an auditor's report ihai includes our opinion. Reasonable assurance is a high l¢vel of 3ssurJnce, but is Doi 8 guarantee thai an audii conducted in accordance with ISAS IUKI will always detect a rnat¢rial misstatement when il exists. Missiatemenis can arise from fraud or error and are considered material if. individually or in the aggregate. rhey could reasonably be expetled io influence the economic decisions of us¢rs taken on th¢ b85is of the5¢ financial siatements. A further description of our Tesponsibiliiies is available on the Financial Reponing Coun¢il's web$ite at.. ￿￿￿.frc.Org.UW8Jdlt0T$rcsF￿jn5iblllII¢$. This description fornis pan of our audiior's repon. B¢tau5¢ of the inherent limiiaiions of an audit. there is a risk that we will noi deieci all iTregulariiies. including Ihose leading io a maierial missiaiemeni in ihe financial siatemenis or a non'. Financial assets are derecognised when and only when a) Ihe contrnciual rights io th¢ cash flows from the rinancial asset expire or are settled. bl the charity iransfers to anoiher patty 5ubstanttally all of ihe risks and rewards of owiership of the financial a55¢L or c) Ihe charity. despiie having retained 501ne, but nol all. significani risks and rewards ofownership. has Irdnsf¢rred conirol ofihe assd 10 another party. Financial liabilities are derecognised only when th¢ obligation Specified in ihe contraci is discharged. cancelled or expires. Invesiments Invesimenis in nonwconvertible preference Shares and non-pullable ordinary or preference shares (where shares are publicly iraded or iheir fair value is reliably measurable) are measured ai fair value through profit or loss. Where fair value cannot be measured reliably. invesknenls are measured at CO￿ less impalm￿nI. Folr volue The besi evidence of fair value is a quoted price for an ideniical assd in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value a5 long as there has not been a significant change in economic circumstances or a significani lapse of time 5Lnce the transaction took place. If ihe market is not aciive and recent transactions of an ideniical assei on their are not a good estimate of fair value. the fair value is eMimaied by using a valualion technique. Page 20 Tb¢ Rhodes Minnis Cat Sanctuary Notes to the Finan¢ial Statements for tbe Year Ended 31 December 2023 (continued) 2 Income from donalions aDd leEaci¢s Unrestricted funds Central To¢•1 2023 Total 2022 t)onaiions and legaci¢$- Donaiions. swjnwrships and subscripiion$ i£gaci¢s 90.616 2?6,551 90.616 226,551 72,654 46,722 317.167 317.167 19,376 3 lncorne from other trsding activities Vnrestrieted funds G¢ner•l Tot41 funds Tot81 2022 Trading income: Shop income Fundraisin& ¢veni$ 27,499 8.717 27.499 8,717 24.260 9,392 36.216 36.216 33.652 4 Inve51ment income Unr¢slricted funds Gener41 Total 2023 Tolal 2022 Income from dividends; Dividends receivable from oiher lisied investments Interest receivable and similar income,. Oiher inieresi receivable 08.048 68.048 66,864 49,577 49.577 13,811 17.625 17.6?5 80,675 Page21 The Rhodes Minnis Cat Sanctuary No¢es to the Financial Stat¢m¢nt5 for the Year Ended 31 December 2023 (continued) 5 Exptnditure on rgisiDg fund$ #} Costs of tr*diTrg actlvllles Unrestricted funds General Totgl 2023 Total 2022 Fundraising trading costs: Newsletter and publications Oiher trading aclivilies.. Depreciation, amortisation and other similar costs Feed5tuff5 and consumables Mainlenance Light and heat Insurdnce Telephone Merchant fees Wa8es and salaries 2.596 2.596 2,470 2,954 605 1.649 435 340 195 2.954 605 1,649 435 2,366 605 1,384 445 425 138 10,798 340 195 10.2?8 19.611 19.240 Page 22 The Rhode5 Minnis Cat Sanctuary Note5 to the Fin2n¢ial Statements for the Year Ended 31 December 2023 (continued) 6 Expenditure on charitabje aclivi¢i Unrestricled funds Gen¢r41 Tot41 2023 Total 2022 Note Raies and water Insurance Light and heal Telephone Poslage. stationery and software Repairs and renewals Fe¢dstutT5 and consumables Velerinary cosis Veterinary cosis reimbursed TTavel and motor expenses Sundry expenses Bank charges and inieresi paid Depreciation, amortisalion and ￿her similar costs Staff costs Goveman¢e ¢OSis 3.592 4,108 10,163 1.633 1,568 20.283 22.630 47.597 3.592 4.108 10.163 1.633 1,568 20.283 22.630 47.597 3.635 5.801 7,313 1.558 824 9,813 19,096 24,507 (1?459) 1,503 591 .30? 810 30 1.302 810 30 23.776 133.482 20,517 23.776 133.48? 20,517 22.737 123.398 12.018 291.491 291.491 220.335 7 An#lysls of governance *nd support costs Govern#n¢¢ ¢0$15 Unresirict¢d funds General To¢*1 2023 Tot81 2022 Audit fees Audit of the financial staiements A¢countancy and legal fees Bookkecping and administration 6,7(K) 7.817 6,700 7.817 5.043 6.975 20,517 20,517 12,018 Page 23 The Rhodes Minnis Cat Sanctuary Notes to tbe Financial Statements for the Year Ended 31 D¢¢ember 2023 {continued) 8 Donated good5, facilities *nd service5 Ai ihe company year-end ihere was donated gI￿S in siock ￿ the totsl value of £2.51)O. No su¢h adjustment was made in ihe previoug year. The injsieeg estimate ihai over 14LP/o of shop income is the sale of donaied stock. Inforniation alM)ui ihe contribution of Yolunteers is contained wiihin ihe Trnllees. report. 9 Net incomingloutgoing resources Nei incomin￿(0￿¢gO7ngj r¢sour¢es for the year include.. 2023 2022 Audit fees Depreciatiort of fixed gssets 6.000 24.385 23.346 10 Tru$tees remuneration and ¢xptnses During the year the chariry made ihe following iransaciions with trust¢es'. Mr C Russell £2.885 12022.. £2,164) of expenses were re1mbU￿d to Mr C Russell during the year. Mr Russell made purcha5¢s of stock. posthge. repairs, StatT eniertainmencigifts and 5ecr¢iarial expense5 on behalf of Ihe charity which were reimbursed. Ai the balance sheei dale ihe amouni due io Mr C Russell was £509 (2022.. £Nill. No oiher Irustees received any ￿1Mbur5¢m¢￿f of expenses from the chariry during the year. No trustees. nor any persons conneaed wilh them. have receit¥ed any remun¢raiion from the charity during the year. Page 24 The Rhodes Minnis Cgt Sanctuary Notes to the Fin9ncial Statements for the Year Ended 31 December 2023 (continued) I I StAff costs The aggregaie payroll costs were ag follows.. 2023 2022 Staff costs durlng th¢ y￿r were: Wages and salaries Social security ¢OSts Pension costs 136.393 3.893 3.424 127.945 3.022 3,229 143,710 134,196 The monihly average number of persons (including senior management I leadership team) employed by the harity durin¥ the year expressed as full time equivalents was as follows.. 2023 No 2022 Full time . sanciuary Pan time- charity shop No employee received emolumenis of more than £60.0(rf) durittg ihe year. 12 Audilors, remufter#tlon 2023 2022 Audit of the financial 51atemenis 6.0(M) 13 T#x4tion The charity is a resisiered charity and is therefore exempt from laxation. Page 25 The Rhodes Minnis Cat Sanctuary Notes to the Financial SlatemeDts for the Year Ended 31 December 2023 (continued) 14 Tartgible fixed Assets Freehold & long leasehold Cat hovses property run5 Fixtures equipmf n¢ Mo(or vehicles Tot*1 Cost At l January 2023 Addiiions 282,121 390.661 35,509 52.291 2.863 12,6(K) 737,673 38,372 At 31 December 2023 282,121 426.170 55,154 12.6 776,(￿3 Depreciation At l January 2023 Charge for the year Al 31 December ?0?3 102.332 4.228 257.399 16.967 29.868 3,440 9,602 750 399.201 24,385 106.560 274.366 32,308 10.352 423.586 Nel book wal￿t Ai 31 December 2023 175,561 151,8 2?.846 2,?48 352.459 At 31 De¢¢mber 2022 179,789 133.262 22.423 2.998 338.472 Included in ihe cosi of frtthold and long kasehold prom is freehold land of £70,71012019- £70.710) whi¢h is noi depreciated. Fr¢ehold property include5 Seaihwaite which was acquired from Ihe estate of the lal¢ Mrs V.J.Huihwaite. The property was inirodu¢ed ai the twstee5 valualion of £125.(KKI in the financial statements for the year ended 3 Isi December 1996. Page 26 The Rhodes Minnis Cat Sanctuary Notes to the Financial S¢at¢ments for the Year Ended 31 December 2023 (continued) IS Fixed inveslrnents 2023 2022 Oth¢r investments 2.275,726 2.110.974 Other investments Lisled iD%'estments Unlisi¢d Imvesiments Totgl Cost or Valuation At l January 2023 Revaluation 2,110.972 164.752 2,110,974 164,752 At 31 December 2023 2,275,724 2.275,726 Ne( book value At 31 December 2023 2,275.724 2,275,726 At 31 Drf¢mb¢r 20?2 2,110.972 2,110.974 16 Slo¢k 2023 2022 Siocks 6.390 5,523 17 Debtors 2023 2022 Trade debtors Prepayments Ac¢Ned in¢ome Other debtors 123 2.590 18.493 537 8.228 17,142 8.396 33.766 21,743 18 Current a55¢t investments 2023 2022 Cash deposiis 1.435,0 1.152,(N)I Page 27 The Rhodes Minnis Cai Sgn¢tuary Notes to the Financial Statemenls for Ihe Year Ended 31 December 2023 {¢ontinued) 19 Creditor5: *IDOIIDts falling due within otte yur 2(123 2022 Trade creditors Other taxalion and wcial security Other Credttors Accrua15 194 2.409 887 12,291 91 2.163 746 5.0(M) 15.781 8.000 20 Contlngent assets As ai 31 Dec¢mber ?023. the charity had been n￿lfIed of four {2022 - two) legacies the tothl value of which is uncertain as the final eslale accounis or final disirtbulions have not been prepared for all legacies. wilh the executor of som¢ cslales aw8iiing confimiation of oiher claims on lh¢ ¢slate. The to￿1 value of ihe expected posi year•end legacv income not 8¢cnJed 15 estimaied ai £128.0(M)12022 - £160.0001. The timing of ihe receipts is also uncertain. As ai the dale of sign off, no further infornuiion had been r¢ceiv¢d hnd 50 these legacies have noi been accrued.. 21 Fund$ Other recopnised 8*In￿(lo$se$l B8l*nce at 31 December 2023 B#laJ)ee al I Janu*r>' 2023 Incoming Resources eipended Unr¢s¢rlc¢¢d funds Gen¢r#l 4.150.424 471.008 (311.1021 164.752 4.475,082 Olher recognlsed g•insl{10ssesl B818Dce ai 31 D¢¢¢mber 2022 Bal¥Jnce *1 Janu•ry 2022 Incoming Resource5 ¢xpendgd unrestrict￿ fynd$ General 4,384.473 233.703 (239.575 (228,177 4.150,424 Page 28 The Rhodes Minni5 Cat Sanctuary Notes to the Financial Slatements for the Year Ended 31 De¢ember 2023 (continued) 22 Analysis of net assets between fyDd$ Unrestricted fund$ General Total funds at 31 December 2023 Tangible fixed assets Fixed asset investments Current asseis Cutteni liabililFes 352,459 2.275,726 1.86?.678 {15.781) 359.459 2,275.726 1.862,678 (15.7811 Total nei oss¢is 4,475.082 4,475.082 Unrestrieted runds General Tol¥l funds 41 31 December 2022 Tangible fixed assets Fix¢d asset inve5tmenls CuTTent a55e15 Current liabilities 338.472 2.110.974 1.708.978 18,000) 338.472 2.110,974 1.708.978 18,1)00 Toial net asseis 4.150.424 4.150,424 23 Analysis of net fuftds Atjl Decemb¢r 2023 At l Janu*r) 2023 C*sh flows Cash at bank and in hand Curr¢nl asset invesim¢nlS 529.71 1,152,001 1142.189) 282,999 387,522 1.435,000 Net debi .681.712 140.810 1,822,522 The charity had no borrowings or debi obligaiions at the financial year'able by the charity. io Ihe scheme and amounied 10 £3.424 (?022 £3,229). Page 29 The Rhodes Minnis Cat Saneluary Notes to the Financial Siatements for the Year Ended 31 December 2023 {continued) 25 Related party tr#Nsaetlons During the year ihe charity made the following relaied party transactions.. Se4ihwaite Bo8rding C8¢t¢rv Limited Two of the Trustees of the Charity and two of the Direrfors of Seaihwaiie Boarding Canery Limited currently hold the entire share tapital of £100 in Seaihwaiie Boarding CalleTh Limiied. a company incorporated in England and Wales. The Company carried out a boarding canery business ort the Charity's prernise& and all of the Company's profits are covenanted io ihe Charity. The company is charged by ihe Chariry for fttd siuffs, ielephone, uiiliii¢5, insurance, priniing and posiage during rhe year toialling £16.9941?02? £13.341 l. No reni is charged for ihe use of the premises owied by the charity as all profiis are cov¢nant¢d to ihe charity. The company rechaTg¢d ihe Charity for port of their sthff wage$. I￿kkeepIng and utilitie$ during the year £29.6211?02? . £27.520). Ai th¢ balance sheet dale the amouni due from Seaihwaiie Boarding Callery Limited was £8.397 (2022 - £537). There is no inieresl charged on the balance due and no ternis for repa)rynent. Page 30 The Rhodes Minnis Cat Sanctuary Detailed Statement of Finanefftal A¢lii'ilies for the Year Ended 31 December 2023 Totol 2(123 Total 2022 Income and Endowments from: Donations and legacie5 {analys¢d below) her trading aclivities (analysed below) Investhient incorn¢ {analy5¢d below) 317.167 36.216 117,625 119,376 33,652 80.675 Total income 471,008 233.703 Expenditure on: Raising fundsI4nalys￿ below) Chorithble activities (analysed below) (19.611) (291.4911 (19.240) {220,3351 Total expendilure Gainslllosse51 on investment asseis (analysed below) {311,102) 164.752 1239.575) {228.177) Nei incomel{expenditure) 324,658 (234.049) Net movement in fund5 324.658 1234.049) Reconclllation of funds Tothl funds brought fon¥ard Total funds Ca￿1¢￿ forward 4,150.424 4,384.473 4,475.082 4,150.424 This page does noi forni part of ihe stattltory financial stalemenis. Page31 The Rhodes Minnis Cat Sanctuary Detailed Statement of Financial Actii-ities for tbe Year Ended 31 DeceRnber 2023 (continued) Toial 2023 2022 Donulign.f andlegacies Donalions, sponsorships and subscripiions Legacies 90.616 ?26,551 72.654 46,722 317.167 119,376 Oilier ir￿￿111￿ dcilvliles Fundraising evenis Shop income 8,717 27.499 9.392 ?4,260 36.?16 33,652 Invoimeni Income Dividends 68,IM8 49.577 66,8( Ini¢resi received 17.6?5 80.675 R¢TlJlnRfunds New51ett¢r and publicaiions Feedsiuffs and consumables Wages Maintenance Light and heat Insurance Telephone Depreciation- shop Merchani fees (2.5961 12.9541 (10.228) {6051 (1.6491 1435) {340) (609) (195 12.470} 12.3661 (10,7981 {605) 11,384) 14451 14251 {609) 138 {19.6111 19.240 ClJt7rliuble acilvlil Wages Employ¢rs Nl Employ¢r% pension contribution5 Rat¢5 and water Insurdnce Light and h¢at Telephone Postage, 51ationery and sollwaTe RepaiTS and renewals Feedstuffs and consumables Veterinary costs Veterinary costs reimbursed Travel and motor expenses This pa8e does not forrn part of the 51atutory financial stalements. Page 32 (126,1651 {3,8931 (3,4241 13.592) 14.108) 110.163) (1.6331 (1,568) (20.283) 122.630) {47.597) 1117.147) (3.022) (3.2291 13.635) (5.801) (7.313) 11,5581 {824) (9.813) (19,096) (24,5071 12,459 {1,503) (1,302) The Rhodes Minnis Cat Sanctuary Detailed St4temenl of Financial Actii'ities for the Year Ended 31 Deeember 2023 (conlinued) Tol81 2023 Tot41 2022 Sundry expenses Bank charges and inieresl paid Depreciation - freehold propet Depreeiation- ¢21 houses and rnns D¢preciation- fixtures and equipmeni Deprecialiop - motOT vehicles Audicors, remun¢rdtion Accouniancy and legal ftts Bookkeeping and adminisiraiion (810) 130) 13.6191 116,967) (2,440) 1750} (6.0(Mll (6.7001 7,8171 {5911 3.620) (15,626) {2,4921 (999) 15,043) 16,975) {?91.491} (220.3351 Gains/(Ivsse5) ini'eslmenl as.fets Nei 8ainslllosses) on investmenis 164.752 {228.177 ThÈs page d￿S not fomi part of the ststuiory financial statements. Page 33