Charity re¥i5tratioii number.. 276067 The Pug Dog Welfare & Rescue Association Annual Report and Financial Statements for the Year Ended 31 December 202) Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL
The Pug Dog Welfare & Rescue Association Contents (¢ontinu¢d) Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities 7t08 Balance Sheet Cash Flow Statement 10 Notes to the Financial Statements
The Pug Dog Welfare & Rescue Association Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Charlotte Hill, Chair Jonathan Brown Paula Parke Alisoii Deaii, Acting Secretary ?76007 Charity Regtstration Number Principal Office Lychett H0115e 13 Freeland Park Wareham Road Poole Dorset BH166FA INdepeThdeNt Examiner John O'Brien, emploj'ee of Community Accounting Plus Units l & 2 North West 41 Talbot Street Noitingham NGI 5GL Page I
The Pug Dog Welfare & Rescue Association Trust¢¢s' Report The trL15tee5 present the aniiual report together M'ith the financial ststeTneJits of the charity for the year ended i I December 2023. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Charlotte Hill. Chair Jonathan Brown Paula Parke Alison Deal), Acting Secretary Joonna Tud0r-Blake.9Y (resigned 2 May 2023} Andrea Slater {resigt]ed 3 April 2023) Objectives and activities Objects The Lharity'5 objectives are to relieve the suffering and distress of pug dogs in need of care and attention, inLluding vettriiiary. attention. Oljjeclives, slrolegies andoclivilie5 Our national network of volunteers take surrender calls from within their areas and arrange pick up, transport and placement in temporary foster homes. This allows a veterinary health check: behaviournl assessment and neutering if necessary. These volunteers also receive applications from applicants wishiiig to adopt a rescue pug, hoinc check suitable applicants and arrange adoption. At all stages. the volunteer ensures microchip details are iipdatcd. We attend appropriate events where we can give advice regarding the breed and raise awareness of our charity. Local social event5 are also organised to share information and raise awareness and funds althou with the COVID-19 pandeinic: these activitie5 have been severely restricted. Several fundraising activities are ongoin throu¥hout the year chiefly via our presence on social media and the web. Publlc benefll We relieve the mentsl srress for pug owners who. flir whatever reason. find themselves unable to keep iheir pet pugs. We unite surrendered pugs with suitable forever homes where the new om'ner has a particular wish to offer a home to a rescue pug. We offer support and advice to any pug owner whl) contacts us. The trustees confiTm that tliey have complied with the reqiiirements of sectioii 17 of the Charities Act 2011 to have due regard to the public benefit guidance piiblished bj. the Charity Commission for England and Wales. Use of voltsnteers We continue 10 realise the value L)f our many volunteers who give their time freely. Many have part or full-time jobs and our work can require a quick response, often at unsociable times. Often the WL)rk L)f surrender is emotionally challenging but our workers act sensibly yet sensitively. Our supporters are devoted and continue tl) help us meet L)ur not inconsiderable expenses. Page 2
The Pug Dog Welfare & Rescue Association Trustees, Report (¢ontinu¢d) OrganlsalioNls1TuC$Ure We have no staff, just unpaid volunteers. No one receives remuneration or benefits other than reimbut5einent of authori5ed costs incutTed in the day to day work of our charity. We cannot overemphasize our appreciation of our volunteers. The unpaid hours they give, often fjtting in the charity work around their full or part-tiine jobs, enables us to boast that over 90°/o of our ani)ual income was spent directly on the welfare of pugs surrendered to us. We continue to receive generous support. not just financially. Some of these supporters remaiii anonymous and many without any individual acknowledgement. We are grateful for these kindhearted people without whoni we would be unable to continue our work. AchieVeents and performance The Charity has had a good year, despite a number of challenges. The Charity rescued all pugs in need of rescue and all were placed successfully in foster homes andlor pem)anent homes. With the cost of living crisis, there has been an increase in the number of pugs being given up, as their owners simply can no longer afford them. As in previoiis yeaTS, we have seen a lot of older piigs in need of our assistgnce, usually with often costly medical Conditions, meaning that our veterinary bills hgve been very high. The vast majority of Ihese pugs with long-temi medical condiiions were placed successfully in long-temi foster, where they will remain for the rest of their lives. We hgve also seen an increase in 'bonded pairs, (again, often older dogs), who are dogs who have formed a special bond with each other and cannot be separated. These have been placed in foster and we have been successful in finding suiiable permanent hoines for them, biit as there are two dogs rgiher than one. this can be little more challenging. Nevertheles5, all dogs have received the treatment they have needed and are placed either in foster or it] pemianent hojnes. PDWRA had a success7 stand at Cnifts dog show earlier this year, which allowed Ll5 to provide advice and infoTmation about the breed and to increase awareness of our charity and its activities. The stand received many visitor5 and was well-attended by volunteer5. Fuiidraisiiig activitie5 are 011-¥oin¥. Our Facebook 5lte, 'PDWRA Meua Auction for Pu¥s in Need" coiitinues, as well a5 Other fundrai5in¥ activitie5. One of our new out¥oin¥s thi5 year ha5 been oli an a¥eiicy to as51St U5 'ith obtaininu ¥rant5 and fuiiding. We are further coiisideriiig some inore profe55ional help with certaiii social media activitie5, which are currentl}. Staffed entirely by voluiiteers. Our Social media presence assists us greatly with fundraising. We have also received several substantial legacies this year. One of our big challenges this year has been the need for more human resources. We have a coiisthnt need to recruit volunteers and ihis can be challeiiging. as it is a commitment and it is of course unpaid. We are currently about to launch another campaign to recruit more people. Page 3
The Pug Dog Welfare & Rescue Association Trustees, Report (¢ontinu¢d) Finaneial revie Expenditure exceeded income by £107k due largely to increased levels of artivity and the impact of high iiiflation on veterinary fees in ?023. The gain in investment value of £104k offset the difference, resiilting in a modc%t net deficit for the year of £3k although thi% is a noll-cash item. The associatioii didn't receive any major Icgacies in 20?3. however the it did rcccive si)me bequests for which the trustees are very grate]. Income from charitable activities grem. slightly in 2023 but not to the same extent that the association's costs did however th¢ ndraising consiiliancy hired by association in Jul}, 2023 are a¢tively pursuing ne, income opporrunities ..hICh should yield gromth iii income with effect from 2024. The association's net position has stabilised now following the pandemic pressures earlier iii the decade such that the net balance of unrestricted funds has remained largel), the same apart from the £3k deficit inCed iii 2023 and when combiiied with the very low level of risk arising from accllmulated creditor balances (£12k at the end of 202i), then tht associatitsn is able to continue to fund its woik for con)ing years as long as it ¢oi)tinues to receive similai level of intoine froin its SUPPOrters and fund raisers. Polifjy oll reserves Veterinary bills fonned most of our totsl expenditure. Such bills are Unpredictable alld difficult to budget for but, with Ihe invaluable support of our veterinary advisors, we continue to make concerted efforts to eliminate unnecessary costs. The reserve amount is reviewed annually and as we did not need to draw on it during 2022, it may well be reduced in the future. Our policy with substsntial legacies is, where possible, to add these to our existing investments which are spread over 3 different COIF funds, utilising only the interest generated. Strueture, governanee and management 'Ire ofgoverning documenl The charity is operated under the rules of its constitution deed adopted 2010211978 and most recently amended 2310312014. Recruiimenl appoinlmenl ofiruslees Potential new Irustees are identified by two means.. { l) by adverrisement, primarily in PDWRA newsletters and other publications; and {2) by existing trustees generally, but not exclusively. from active volunieers who have shown both skills which would be an asset to the governing body and the necessary commitment to the charity. Following a successful interview, potential trustees are proposed and seconded by existing trustees and, if supported by a 314 majority of serving trustees, take up their position following successful background checks where appropriate. Statement of Responsibilities Thc triistces arc rcsponsiblc for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charitie5 requires the trustees to prepare financial ststeTnents for each financial year which give a true and lair wiew of the state of alyairs ol- the charity and of the ii)coming resources and application of resources of the chariiJ' for that period. In preparing these financial staiemenis, the trustees are required to". select suitable accounting policies and then apply them consistently,. Page 4
The Pug Dog Welfare & Rescue Association Trustees, Report (¢ontinu¢d) obse¢ the methods and principles in the Charitie5 SORP; make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accliunting records that disclose '1th reasonable accuracy at any time Ihe financial posiiion of the charity and enable them to ensure that ihe financial siatements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regiilations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The tnjstees are re5poiisible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's web5lte. Legi51atioii ¥oveming the preparation and dissemination of rinancial Statements niay differ frotn le¥i51atioii in other jurisdictions. 2210812024 Approved by th¢ trnst¢es of th¢ charity on . and signed on its behalf by.. Jonaihaii kliywll Twstee Page 5
The Pug Dog Welfare & Rescue Association Ind¢pend¢nt Ex#min¢r's R¢port to the truste¢s of The Pug Dog Welfar¢ & R¢s¢ue Association Independent examiner's report to the tru5tee5 of The Pug Dog Welfare & Rescue Assoeiation I report to the trllstee5 on my examination of the accoui)ts of The Pub Dog Welfare & Rescue Association (the Charity) for the year elided 31 December 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('Ihe Act'l. I report in respeci of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in Cgrrying out my examiiiation I have followed all the applicable directions given by the Charity Commission under section 145(5Xb) of the Act. Independent examiner's Statement I have completed my examination. I confimi that no matters have come to Iny attention in connection with the examination giving me caiige to believe that in any Inattrial respect.. l. accounting records were nllt kept in respect of the Charity as required by section 130 of the Act,. or 2. the accounts do iiot accord with those records,. or 3. the accounts do not comply with the accounting requirements conceniing the ftsTn) and content of acLouiIts set out in the Charities {Accounts and Reports) RegulatlOl15 2008 other than any requirement that the accounts give a 'true and faiW view which is not a matter considered as pan of ali independeni examinaiion. I have no concerns and have come across no other matters in conneciion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Jufiii rfBri¥iTr Mbl, FAIA. FLCA. FCIE, employee of Cominunity Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottiiigham NGI 5GL Date.. 221812024 Page 6
The Pug Dog Welfare & Rescue Association Statement of Finan¢ial Activities for the Year Ended 31 D¢¢¢mber 2023 Total 2023 Total 2022 Unrestricted Note Income and Endowments fro. Donations and legacies Charitable activities Other trading activities InveslJnent income 51,195 56,653 25.370 26.949 51,195 56,653 25,370 26,949 426,838 69,679 25,580 Total Income 160.167 160,167 522,097 Expenditure on: Charitable activities (267,1371 (267.li7) (257,155) Total Expenditure Gainsllosses 011 investtnent assets (267.1371 103,572 (267. li71 103,i72 (257,1551 {137,5631 Net movement in fvnds (3,398) 13,398) 127,379 Reconciliation of funds '[ otal funds brought forward 1 ?48,693 1 ?48,693 1,121,314 Total ndS carri¢d fon¥ard 1,245.295 1,245.295 1,248,693 All of the charity's aciiviiies derive from continuing operaiions during the above two periods. The notes on pages I I to 16 form an integral part of these financial statements. Page 7
The Pug Dog Welfare & Rescue Association Statement of Financial A¢tivitie$ for the Year Ended 31 December 2023 (¢ontinu¢d) These are the figur¢5 for the previou5 accounting period and are included for Comparative purposes Total 2022 Unrestricted Note Income and Endowments from: Donatioiis and legacies Charitable activities Investment income 426,8J8 69,679 25,580 426,838 69,679 25,580 Total Income 522,097 522,097 Expenditure on.. Charitable activities (257,1551 {?57,155} Total Expenditure Gainsllosses on investnient assets (?57,1551 (137,5631 {?57,155} (137.563} Net movemeiit in funds 127,379 127,379 Reconciliation of funds Total funds brought forward 1.121,314 l.1?1,314 Total funds carried forward 1,248,693 1.248,693 The notes on pages I I to 16 form an integral part of these financial statements. Page 8
The Pug Dog Welfare & Rescue Association {Registration number: 276067) Balanee Sheet as at 31 Deeember 2023 2023 2022 Note Fixed assets Investments 999,110 895,538 Current assets Debtors Cash at bank and in hand 10 4,630 254,345 90,146 264,101 258,975 354,247 Creditors: Amounts falling due within one year 12 (12,790) 11,092} Net current assets 246.185 353,155 Net assets 1.245,295 1.248.69i Funds of the charity: Unrestrieted income funds Unrestricted lunds 1,245,295 1748,693 Total funds 1.245,295 1.248,69i The finaiicial 5tateinents oli pages 7 to 16 were approved by the trnstees, and authtsrised for issue oi) 2210812024and signed On their behalf by.. Jonathan Brown Trustee The notes on pages I I to 16 form an integral part of these financial statements. Page 9
The Pug Dog Welfare & Rescue Association Cash Flow Statement for the Year Ended 31 De¢¢mb¢r 2023 2023 2022 Note Cash tlows from operating activities Net cash (eYpenditllre)..'in¢ome 13,398} 127,379 Adjustments to cash tlows from non-cash items Investment income RevaluatiL)n of investments (26,949) {103,572} (25,580) 137,563 {133,919} 239,362 Working capital adjustments Decrease in stocks Decrease('(increase) in debtors Incieage in ereditors 2,319 (87,645) 60 10 12 85,516 11,698 Net cash f]ows from operating activities (i6,705) 154,096 Cash t105 from investing activities Interest receivable and similar income Income from dividends 2,109 24,840 li3 25,447 Net cash flow5 from investing activities 26,949 25,580 Net (decreasellincrea5e in cash and cash equivalents 19,756} 179,676 Cash and cash equivalents at l January 264,101 84,425 Cash and cash equivalents at 31 December 254,345 264,101 Reconciliation of net ¢a5h flow to movement in net funds {Decreaseyincrease in cash 19,756} 179,676 Net funds at l January 2023 264,101 84,425 Net funds at 31 December 2023 254,345 264,101 All of the cash flows are derived from continuing operations during the aixjve two periods. The notes on pages I I to 16 form an integral part of these financial statements. Page 10
The Pug Dog Welfare & Rescue Association Notes to th¢ Financial Statements for ihe Year Ended 31 De¢¢mb¢r 2023 Aeeounting polieies Statement of compliance The financial siatements have been prepared in accL)rdance w'ith the second editilin of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basis of preparation The Puq Dog Welfgre & Rescue Association meets the defillition of a public benefit entity under FRS 102. Assets and liabiliiies are initially recognised at historical cost or trgnsa¢tion vglue unless otherwise stated in the relevant accounting policy notes. Going eoneern -l-he financial stsiements have been prepared on a going concern basis. The trustees assess whether the use of going concem is appropriate i.e. whether there are any material uncertainties related to events or conditions that Jnay cast significlt doubt on the ability of the charity to continue as a goit]g concern. The trustee5 rnake this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income inLludiii¥ doiidtions: gifts, le¥dLies and grant5 that provide Lore fundin¥ or are of a general nature is recognised when the Lhdrity has entitlement to the inLome, it is probable th(It the incoine will be ieLtived and the amouiit can be n)easured witl) 5ufficieiit reliability. Donulions le2cleS Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. JMve51ment income Interest on funds held oli deposit 15 included Thhen ieLtivable and the amount can be nieasured reliably by the chdrity; tl)is is notinally upoii iiotification of the interest paid or payable by the bank.Divideiids are recognised once the dividend ha5 beeli declared and notification has been reLeived of the dividend due. F.xpenditure All expenditure is retognised once there is a legal or constructive obligation to that expenditure, it is probable 5ettleineiit is required and the amount can be inea5urtd reliably. All L05ts are allocdted to the applicable expendiiure heading thai aggregates similar costs 10 that category. Where costs cannot be directly aitribuied to particular headings they have been allocated on a basis consistent with the use of resources, w'ith ceniral staff costs a]locad on ihe basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of statTcosts. Choriiable aclivilies Charitable expcnditure comprises those costs incurred by the charity iii the delivery of its activities and services for its beneficiarics. It includes both costs that can be allocated directly to siich activities and those costs of an indirect nature necessary to support them. Page 11
The Pug Dog Welfare & Rescue Association Notes to the Fin#n¢i#l Stalements for the Year Ended 31 December 2023 (continued) TaAation The charity is considered to pass the tests set out in Paragraph I S¢hedule 6 of the Finance Art 2010 and thcrcfore it meets the definition of a charitable ci)mpany for UK corporation tax purpo%es. Accordingly, th¢ charity is potentially exempt from taxation in respect of income or capitsl gains received withiii categaries covered by Chapter 3 Part I l of the Corporation Tax Art 2010 or Section 256 of the Taxation of Chargcabl¢ Gains Act 1992, to th¢ extent that such income or gains are applied ¢x¢lu5ively to ¢haritable purposes. Fixed asset investments Fixed asset investments. other tha]i programme related investments, are iiicluded at maTket value at the balance sheet date. Reali5ed gains and losses oil iiive5tinents are calculated as the differeiice betweeii sales proceeds and their Tnarket value at the start of the year, or their subsequent cost, and are charLFed or credited to the Statement of Financial Activitie5 in the period of disposal. Unrealised gains and losses represent the movement in market values diiring the year and are credited or Charged to the Statement of Financial Activities based on the market value at the year end. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfonned in the ordinary Coutse of busii)ess. Trade debtors are recognised initially at the transaction price. They are subsequei)tly ineasured at amortised Cost using the effective interest method. less provision for impaimient. A provision for the impaimient of debtors is esiablished when there is objective evidence that the charity will not be able to colleci all amounts due according to the original tem)s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tem) highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditor5 Trnde creditlirs are obligations to pay for goods or services Ihat have been acquired in the ordinary course of business from suppliers. Accounts pavable are classified as current liabilities if the charity does not have an uncondiiional right, at Ihe end of the reporting period. to defer settlement of the creditor for at leasi tw'elve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, tho. are presented as non-current liabilities. Trade creditors are recognised initially at th¢ transa¢tion price and subsequently measured at amortised ¢ost using the effective interest method. Fund structure Unrestricted income funds are general ndS that are available for use at the trustees, di5¢retion in furtheran¢e of the objectives of the charity. Page 12
The Pug Dog Welfare & Rescue Association Notes to the Fin#n¢i#l Stalements for the Year Ended 31 December 2023 (continued) 2 Income from donations and legacies Unr¢5tricted Total 2023 Total 2022 General Donations and legacies: Donations from individuals Legacies 50,303 892 50,303 892 95,139 i31.699 51,195 51,195 426,838 3 Incorne from charitable activities Unrestricted funds General Total 2023 Total 2022 Adoption fees Merchandise 54,359 54,359 2,?94 68,220 208 Sundry income 56,65i 56,65i 69,679 4 Income from other trading k)etivities Unreslricted fund5 General Total fund5 Total 2022 Fundraising 25,370 25,370 25,370 25,370 Page 13
The Pug Dog Welfare & Rescue Association Notes to the Fin#n¢i#l Stalements for the Year Ended 31 December 2023 (continued) 5 Investment income Unr¢5tricted Total 2023 Total 2022 General Income from dividends: Dividends receivable from other unlisted investments Interest receivable and similar income; Interest rt¢eivable on bank deposits 24,840 24,840 25,447 2,109 2.109 26,949 26,949 25,580 6 Expenditure on eharitable activities Unrestricted General funds Total 2023 Total 2022 Veterinary fees Tran%portation Kennelling & food Stock wriiten off Fundraising Phone 233,396 2,525 995 233,396 2,525 995 228,612 4,444 1,324 4,256 3,945 1,503 ,991 2,056 229 12,142 1,465 1,499 3,429 42 176 553 12,142 1,465 1.499 3,429 42 176 553 Website Sundry expenses Events Advertising Printing, postage & siationery Travel InsuranLe & accountancy Merchandise Software Pa)'pal fees Legal fees 497 647 2,096 8,9i I 1.260 100 8,931 1.260 100 624 624 830 4,725 267,137 267,137 257,155 7 Independent examiner'5 fee5 During the period, the fees payable (excluding VAT) io the charity's independent examiner Community Accounting Plus are analysed as follows.. Page 14
The Pug Dog Welfare & Rescue Association Notes to the Fin#n¢i#l Stalements for the Year Ended 31 December 2023 (continued) 2023 2022 Independent examinaiion 1,005 910 1.005 910 8 Taxation The charity is a regisiered charity and is therefore eyempt from taxation. 9 Fixed asset investments 2023 2022 Other investments 999,110 895,5i8 Other investments Unlisted investments Total Cost or Valuation At l January 2023 Revaluation 895,5i8 103,572 895,538 103,572 At i l DecemlKr 2023 999,110 999,110 Net book value At 31 DecemlKr 2023 999,110 999,110 At 31 DecemlKr 2022 895,538 895,538 Investmenis held at 311121202) comprised.. COIF Investment Fund - 10540.77 units.. COIF Fixed Interest Fund - 110509.8 units- COIF Global F.quity Fund 234644.81 units. 10 Debttsrs 2023 2022 Prepayments Accrued income Other debtors 630 4,000 588 2,000 87,558 4.6iO 90,146 Page 15
The Pug Dog Welfare & Rescue Association Notes to the Fin#n¢i#l Stalements for the Year Ended 31 December 2023 (continued) I I Cash and cash equivalents 2023 2022 Cash at bank 254,345 264,101 12 Creditors: amounts falling due Trvithin one year 2023 2022 Trade creditors Other creditors 11,584 1,092 12,790 1,092 13 Analvsis of net assets between funds Unrestricted 2023 Total funds General Fixed asset inv¢sttnents Current assets Current liabilities 999,110 258,975 (12,790) 999,110 258,975 (12,790} Total net assets 1.245,?95 1,245,?95 Unrestrieted 2022 Total funds General Fixed asset investments CiitTent assets Current liabilities 895,538 354,247 11,092) 895,5J8 i54,247 11,092) Total net assets 1,248,693 1 ?48,693 14 Related party transactions There were no relaied party transactions in the year. IS Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No irustees have received any reimbursed expenses or any other benefits frlim the charity during the year. Page 16