CHARITY REGISTRATION NUMBER: 279478
Rottweiler Welfare Association Unaudited financial statements
31 December 2023
Rottweiler Welfare Association
Financial statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Rottweiler Welfare Association
Trustees' annual report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name Rottweiler Welfare Association Charity registration number 279478 Principal office PO Box 2424 Wrexham Wales L11 0PR
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mrs A Colbourne (Acting Chair) Ms K Akred (Appointed 6 February 2024) Mr D Hextall (Appointed 6 February 2024) Mrs S Hextall (Appointed 6 February 2024) Ms K Overton (Treasurer) Mrs D Yates (appointed 5 March 2024) Mrs L Williams (Secretary) Mr J Williams Ms J Darboe (passed away 12 August 2023) Mr A Weare (Resigned 5 February 2024) Ms S Weare (Resigned 5 February 2024) Bankers Barclays Bank Plc 27-28 Regent Street Swindon SN1 1QB Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
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Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Objectives and activities
The objective of the charity, as set out in the governing document, is to relieve the suffering and distress of Rottweilers in need of care and attention.
Rescue, Rehabilitation and Re Homing is and will continue to be our top priority.
The charity achieves its objective by rescuing abandoned and neglected Rottweilers and help those who are unwanted. Also by providing all necessary care, treatment and rehabilitation and assessing these dogs for adoptability and finding suitable homes for them.
The trustees are aware and have taken due regard to the Charity Commission guidance on public benefit.
Achievements and performance
In 2023 we took in 57 dogs (1 pregnant) and re-homed/long term foster 66 dogs in total being 33 from kennels in Onneley, 6 from Kennels in South Wales, 10 from Wrexham and 15 (including 9 puppies) from Norfolk. Sadly, we lost 8 dogs and have 15 dogs in long term private foster homes where we maintain the financial responsibility for their vet care.
At 31 December 2023 we were responsible for 51 dogs made up of 15 long term residents (3 re home able) in Wales, 1 long term resident in Onneley plus 17 dogs being rehabilitated and 18 dogs who are in long term private foster homes.
The rescue dogs coming into our care continue to be very challenging and are taking a huge amount of time to rehabilitate, and needing experienced owners, finding suitable homes especially with the XL bully legislation and financial crisis continues to be very difficult.
Changes in legislation has meant that paperwork (i.e. pre assessment/post assessment of dogs including the environment they are in has now been re-implemented), ADCH (which we are a member) has after COVID re-introduced kennel assessments ensuring kennels and short/long term foster homes are suitably vetted etc.
The Onneley Kennels will no longer be available from Mid 2024, arrangements are being sorted and re homing will not stop but will continue as it already has been from South Wales, and our trustees based in Wrexham and Norfolk.
Fundraising, as in 2022, has continued to be challenging especially with the continuing financial crisis and people finding it difficult to keep their heads above water, we continue to be very grateful to all those who continue to support us financially and physically.
Somehow 2023 fundraising was still good helping with the legacy from the previous year giving us a head start of £75k plus a small legacy in 2023 we managed to have a very small positive end of year being £7k. We are so very grateful for the legacies we continue to receive.
Due to the loss of our Chief Fundraiser Jenni Darboe in August 2023 we have had to adapt the ways in which we fundraise. Donations continue to dwindle and we are having to adapt as we go.
Building on our new management structure we have kept all our financial records in order. In February 2024 our independent accountants prepared the draft accounts and presented them to the trustees early March 24 and will be reported to Charities Commission as soon as they have been finalised - this continues to show transparency.
Our accountants identified a very small error in our constitution - this was amended and re-ratified at the June 2023 AGM.
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Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Financial review
As with previous years the work of the charity continues to be funded through subscriptions from members, donations, legacies and the Care and Share Scheme. In addition, various fundraising activities are undertaken.
The results for the year are shown on pages 6 and 7. The charity generated income, including several legacies, of £160,827 (2022: £217,672) and after incurring costs of £154,178 (2022: £149,144) a surplus of £6,649 (2022: surplus £68,528) was achieved. We would like to acknowledge without the legacies we would have drawn into our savings.
Reserves policy
The trustees have set a policy of needing reserves of £200,000 in order to ensure it has sufficient funds to cover the costs of looking after the dogs in its care for at least twelve months together with its lease commitments. As at 31 December 2023 the charity had unrestricted free reserves of £406,779 (2022: £397,488). The Trustees are aware the level of funds held at the year end are in excess of the policy, however they expect the value to reduce in the current year due to a deficit budget for the year.
Restricted funds at the year end amounted to £Nil (2022: £1,141).
Plans for future periods
Our trustee base has changed with the loss of Jenni Darboe in August 2023, two trustees stepping down in early 2024 and we have taken on 4 new trustees to work on future proofing. Our future objective, short and long term, is to keep fundraising and grow membership to future proof the charity.
Our ongoing objective is to rescue, rehabilitate and rehome rottweilers.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a Deed of Trust.
Trustee appointment
The trustees are nominated for election because of their skills, expertise and knowledge which they can bring to guiding the charity to fulfill its objectives.
The trustees who held office throughout the year and at the date the accounts were approved are listed on page 1.
Trustee induction and training
On appointment trustees are provided with:
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A copy of the charity;s governing document.
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The latest accounts of the charity.
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Details of the Charity Commission guidance notes CC3 - The Essential Trustee - what you need to
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know, what you need to do.
In addition trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
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Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Structure, governance and management (continued)
True and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Ms K Overton Trustee
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Rottweiler Welfare Association
Independent examiner's report to the trustees of Rottweiler Welfare Association
Year ended 31 December 2023
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement - matter of concern identified
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection 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.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
21/03/2024
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Rottweiler Welfare Association
Statement of financial activities
Year ended 31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 147,301 | – | 147,301 | 213,158 |
| Other trading activities | 5 | 4,884 | – | 4,884 | 4,181 |
| Investment income | 6 | 8,642 | – | 8,642 | 333 |
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|
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| Total income | 160,827 | – | 160,827 | 217,672 | |
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| Expenditure | |||||
| Raising funds | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 6,924 | – | 6,924 | 3,888 |
| Charitable activities | 8 | 146,113 | 1,141 | 147,254 | 145,256 |
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| Total expenditure | 153,037 | 1,141 | 154,178 | 149,144 | |
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| Net income and net movement in funds | 7,790 | (1,141) | 6,649 | 68,528 | |
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| Reconciliation of funds | |||||
| Total funds brought forward | 405,473 | 1,141 | 406,614 | 338,086 | |
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| Total funds carried forward | 413,263 | – | 413,263 | 406,614 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
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Rottweiler Welfare Association
Balance sheet
31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 13 | 6,484 | 7,985 | ||
| Current assets | |||||
| Debtors | 14 | 10,970 | 5,383 | ||
| Cash at bank and in hand | 398,437 | 395,868 | |||
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|
||||
| 409,407 | 401,251 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 15 | (2,628) | (2,622) | ||
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||||
| Net current assets | 406,779 | 398,629 | |||
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||||
| Total assets less current liabilities | 413,263 | 406,614 | |||
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| Net assets | 413,263 | 406,614 | |||
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| Funds of the charity | |||||
| Restricted funds | – | 1,141 | |||
| Unrestricted funds | 413,263 | 405,473 | |||
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| Total charity funds | 16 | 413,263 | 406,614 | ||
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These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mrs L Williams Ms K Overton Trustee Trustee
The notes on pages 8 to 15 form part of these financial statements.
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Rottweiler Welfare Association
Notes to the financial statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is PO Box 2424, Wrexham, North Wales, LL11 0PR, Wales.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Trust and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
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Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance Van - 25% reducing balance
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Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 72,288 | – | 72,288 |
| Gift Aid | 15,049 | – | 15,049 |
| Membership | 3,449 | – | 3,449 |
| Share and care | 25,125 | – | 25,125 |
| Legacies | |||
| Legacies | 31,390 | – | 31,390 |
| Grants | |||
| Grants receivable | – | – | – |
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| 147,301 | – | 147,301 | |
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|
|
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 82,465 | – | 82,465 |
| Gift Aid | 11,412 | – | 11,412 |
| Membership | 3,375 | – | 3,375 |
| Share and care | 25,736 | – | 25,736 |
| Legacies | |||
| Legacies | 88,670 | – | 88,670 |
| Grants | |||
| Grants receivable | – | 1,500 | 1,500 |
|
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|
|
211,658 |
1,500 |
213,158 |
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Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
| 5. | Other trading activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Sales of goods | 4,884 | 4,884 | 4,181 | 4,181 | |
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| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 8,642 | 8,642 | 333 | 333 | |
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| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Fund raising expenses | 6,924 |
6,924 |
3,888 |
3,888 |
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Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
8. Expenditure on charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Printing | 710 | – | 710 | |
| Insurance | 2,440 | – | 2,440 | |
| Computer and IT costs | 2,163 | – | 2,163 | |
| Telephone | 176 | – | 176 | |
| Other office costs | 3,698 | – | 3,698 | |
| Depreciation | 2,189 | – | 2,189 | |
| Sundry care of dogs | 377 | – | 377 | |
| Vets and medication costs | 37,460 | – | 37,460 | |
| Kennelling costs | 75,576 | 1,141 | 76,717 | |
| Donation database | 3,140 | – | 3,140 | |
| Rent | 2,396 | – | 2,396 | |
| Light and heat | – | – | – | |
| Motor expenses | 2,864 | – | 2,864 | |
| Legal and professional fees | 989 | – | 989 | |
| Bank charges | 1,587 | – | 1,587 | |
| Subscriptions | 236 | – | 236 | |
| Staff costs | 7,478 | – | 7,478 | |
| Governance costs | 2,634 | – | 2,634 | |
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| 146,113 | 1,141 | 147,254 | ||
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| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Printing | 85 | – | 85 | |
| Insurance | 1,666 | – | 1,666 | |
| Computer and IT costs | 4,349 | – | 4,349 | |
| Telephone | 151 | – | 151 | |
| Other office costs | 5,718 | – | 5,718 | |
| Depreciation | 2,346 | – | 2,346 | |
| Sundry care of dogs | 389 | – | 389 | |
| Vets and medication costs | 39,082 | – | 39,082 | |
| Kennelling costs | 70,796 | 359 | 71,155 | |
| Donation database | 2,319 | – | 2,319 | |
| Rent | 5,250 | – | 5,250 | |
| Light and heat | 165 | – | 165 | |
| Motor expenses | 1,421 | – | 1,421 | |
| Legal and professional fees | 6,404 | – | 6,404 | |
| Bank charges | 1,495 | – | 1,495 | |
| Subscriptions | 639 | – | 639 | |
| Staff costs | – | – | – | |
| Governance costs | 2,622 | – | 2,622 | |
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| 144,897 | 359 | 145,256 | ||
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| 9. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 2,189 | 2,346 | ||
|
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Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
10. Independent examination fees
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,634 |
2,622 |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 7,405 | – |
| Social security costs | 73 | – |
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| 7,478 | – | |
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The average head count of employees during the year was 1 (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or expenses were paid to any trustee during the year or the prior year.
13. Tangible fixed assets
| Fixtures and | ||||
|---|---|---|---|---|
| fittings | Van | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2023 | 7,146 | 8,000 | 15,146 | |
| Additions | 688 | – | 688 | |
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| At 31 December 2023 | 7,834 | 8,000 | 15,834 | |
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| Depreciation | ||||
| At 1 January 2023 | 1,692 | 5,469 | 7,161 | |
| Charge for the year | 1,556 | 633 | 2,189 | |
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| At 31 December 2023 | 3,248 | 6,102 | 9,350 | |
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| Carrying amount | ||||
| At 31 December 2023 | 4,586 | 1,898 | 6,484 | |
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| At 31 December 2022 | 5,454 | 2,531 | 7,985 | |
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| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 2,738 | – | ||
| Other debtors | 8,232 | 5,383 | ||
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| 10,970 | 5,383 | |||
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Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
15. Creditors: Amounts falling due within one year
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals and deferred income | 2,628 | 2,622 | |||
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| Analysis of charitable | funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 355,473 | 160,827 | (153,037) | 50,000 | 413,263 |
| Designated Fund | 50,000 | – | – | (50,000) | – |
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| 405,473 | 160,827 | (153,037) | – | 413,263 | |
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| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 288,086 | 216,172 | (148,785) | – | 355,473 |
| Designated Fund | 50,000 | – | – | – | 50,000 |
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| 338,086 | 216,172 | (148,785) | – | 405,473 | |
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| Restricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | 1,141 | – | (1,141) | – | – |
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| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | – | 1,500 | (359) | – | 1,141 |
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16. Analysis of charitable funds
Dog care costs funding: represents funds received towards the costs of caring for the dogs in the charity's care.
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Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 6,484 | – | 6,484 |
| Current assets | 409,407 | – | 409,407 |
| Creditors less than 1 year | (2,628) | – | (2,628) |
|
|
|
|
| Net assets | 413,263 | – | 413,263 |
|
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|
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| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,985 | – | 7,985 |
| Current assets | 400,110 | 1,141 | 401,251 |
| Creditors less than 1 year | (2,622) | – | (2,622) |
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|
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| Net assets | 405,473 | 1,141 | 406,614 |
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18. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Later than | 1 | year and not later than 5 years | 16,425 | 32,850 |
| Later than | 5 | years | – | 87,600 |
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| 16,425 | 120,450 | |||
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19. Related parties
Mr A Weare and Mrs S Weare are paid kennel fees of £33,050 (2022: £30,413).
Trustees are reimbursed for expenses incurred on behalf of the charity when acting as agent. They are also reimbursed costs incurred in connection with caring for dogs in Rottweiler Welfare Association's care.
All trustees pay membership fees in accordance with other members. Unrestricted donations of £633 (2022: £100) were received from Trustees and related parties.
- 15 -
CHARITY REGISTRATION NUMBER: 279478
Rottweiler Welfare Association Unaudited financial statements
31 December 2023
Rottweiler Welfare Association
Financial statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Rottweiler Welfare Association
Trustees' annual report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name Rottweiler Welfare Association Charity registration number 279478 Principal office PO Box 2424 Wrexham Wales L11 0PR
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mrs A Colbourne (Acting Chair) Ms K Akred (Appointed 6 February 2024) Mr D Hextall (Appointed 6 February 2024) Mrs S Hextall (Appointed 6 February 2024) Ms K Overton (Treasurer) Mrs D Yates (appointed 5 March 2024) Mrs L Williams (Secretary) Mr J Williams Ms J Darboe (passed away 12 August 2023) Mr A Weare (Resigned 5 February 2024) Ms S Weare (Resigned 5 February 2024) Bankers Barclays Bank Plc 27-28 Regent Street Swindon SN1 1QB Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
- 1 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Objectives and activities
The objective of the charity, as set out in the governing document, is to relieve the suffering and distress of Rottweilers in need of care and attention.
Rescue, Rehabilitation and Re Homing is and will continue to be our top priority.
The charity achieves its objective by rescuing abandoned and neglected Rottweilers and help those who are unwanted. Also by providing all necessary care, treatment and rehabilitation and assessing these dogs for adoptability and finding suitable homes for them.
The trustees are aware and have taken due regard to the Charity Commission guidance on public benefit.
Achievements and performance
In 2023 we took in 57 dogs (1 pregnant) and re-homed/long term foster 66 dogs in total being 33 from kennels in Onneley, 6 from Kennels in South Wales, 10 from Wrexham and 15 (including 9 puppies) from Norfolk. Sadly, we lost 8 dogs and have 15 dogs in long term private foster homes where we maintain the financial responsibility for their vet care.
At 31 December 2023 we were responsible for 51 dogs made up of 15 long term residents (3 re home able) in Wales, 1 long term resident in Onneley plus 17 dogs being rehabilitated and 18 dogs who are in long term private foster homes.
The rescue dogs coming into our care continue to be very challenging and are taking a huge amount of time to rehabilitate, and needing experienced owners, finding suitable homes especially with the XL bully legislation and financial crisis continues to be very difficult.
Changes in legislation has meant that paperwork (i.e. pre assessment/post assessment of dogs including the environment they are in has now been re-implemented), ADCH (which we are a member) has after COVID re-introduced kennel assessments ensuring kennels and short/long term foster homes are suitably vetted etc.
The Onneley Kennels will no longer be available from Mid 2024, arrangements are being sorted and re homing will not stop but will continue as it already has been from South Wales, and our trustees based in Wrexham and Norfolk.
Fundraising, as in 2022, has continued to be challenging especially with the continuing financial crisis and people finding it difficult to keep their heads above water, we continue to be very grateful to all those who continue to support us financially and physically.
Somehow 2023 fundraising was still good helping with the legacy from the previous year giving us a head start of £75k plus a small legacy in 2023 we managed to have a very small positive end of year being £7k. We are so very grateful for the legacies we continue to receive.
Due to the loss of our Chief Fundraiser Jenni Darboe in August 2023 we have had to adapt the ways in which we fundraise. Donations continue to dwindle and we are having to adapt as we go.
Building on our new management structure we have kept all our financial records in order. In February 2024 our independent accountants prepared the draft accounts and presented them to the trustees early March 24 and will be reported to Charities Commission as soon as they have been finalised - this continues to show transparency.
Our accountants identified a very small error in our constitution - this was amended and re-ratified at the June 2023 AGM.
- 2 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Financial review
As with previous years the work of the charity continues to be funded through subscriptions from members, donations, legacies and the Care and Share Scheme. In addition, various fundraising activities are undertaken.
The results for the year are shown on pages 6 and 7. The charity generated income, including several legacies, of £160,827 (2022: £217,672) and after incurring costs of £154,178 (2022: £149,144) a surplus of £6,649 (2022: surplus £68,528) was achieved. We would like to acknowledge without the legacies we would have drawn into our savings.
Reserves policy
The trustees have set a policy of needing reserves of £200,000 in order to ensure it has sufficient funds to cover the costs of looking after the dogs in its care for at least twelve months together with its lease commitments. As at 31 December 2023 the charity had unrestricted free reserves of £406,779 (2022: £397,488). The Trustees are aware the level of funds held at the year end are in excess of the policy, however they expect the value to reduce in the current year due to a deficit budget for the year.
Restricted funds at the year end amounted to £Nil (2022: £1,141).
Plans for future periods
Our trustee base has changed with the loss of Jenni Darboe in August 2023, two trustees stepping down in early 2024 and we have taken on 4 new trustees to work on future proofing. Our future objective, short and long term, is to keep fundraising and grow membership to future proof the charity.
Our ongoing objective is to rescue, rehabilitate and rehome rottweilers.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a Deed of Trust.
Trustee appointment
The trustees are nominated for election because of their skills, expertise and knowledge which they can bring to guiding the charity to fulfill its objectives.
The trustees who held office throughout the year and at the date the accounts were approved are listed on page 1.
Trustee induction and training
On appointment trustees are provided with:
-
A copy of the charity;s governing document.
-
The latest accounts of the charity.
-
Details of the Charity Commission guidance notes CC3 - The Essential Trustee - what you need to
-
know, what you need to do.
In addition trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
- 3 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Structure, governance and management (continued)
True and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on 19 March 2024 and signed on behalf of the board of trustees by:
Ms K Overton Trustee
- 4 -
Rottweiler Welfare Association
Independent examiner's report to the trustees of Rottweiler Welfare Association
Year ended 31 December 2023
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement - matter of concern identified
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection 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.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
21 March 2024
- 5 -
Rottweiler Welfare Association
Statement of financial activities
Year ended 31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 147,301 | – | 147,301 | 213,158 |
| Other trading activities | 5 | 4,884 | – | 4,884 | 4,181 |
| Investment income | 6 | 8,642 | – | 8,642 | 333 |
|
|
|
|
||
| Total income | 160,827 | – | 160,827 | 217,672 | |
|
|
|
|
||
| Expenditure | |||||
| Raising funds | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 6,924 | – | 6,924 | 3,888 |
| Charitable activities | 8 | 146,113 | 1,141 | 147,254 | 145,256 |
|
|
|
|
||
| Total expenditure | 153,037 | 1,141 | 154,178 | 149,144 | |
|
|
|
|
||
|
|
|
|
||
| Net income and net movement in funds | 7,790 | (1,141) | 6,649 | 68,528 | |
|
|
|
|
||
| Reconciliation of funds | |||||
| Total funds brought forward | 405,473 | 1,141 | 406,614 | 338,086 | |
|
|
|
|
||
| Total funds carried forward | 413,263 | – | 413,263 | 406,614 | |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
- 6 -
Rottweiler Welfare Association
Balance sheet
31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 13 | 6,484 | 7,985 | ||
| Current assets | |||||
| Debtors | 14 | 10,970 | 5,383 | ||
| Cash at bank and in hand | 398,437 | 395,868 | |||
|
|
||||
| 409,407 | 401,251 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 15 | (2,628) | (2,622) | ||
|
|
||||
| Net current assets | 406,779 | 398,629 | |||
|
|
||||
| Total assets less current liabilities | 413,263 | 406,614 | |||
|
|
||||
| Net assets | 413,263 | 406,614 | |||
|
|
||||
| Funds of the charity | |||||
| Restricted funds | – | 1,141 | |||
| Unrestricted funds | 413,263 | 405,473 | |||
|
|
||||
| Total charity funds | 16 | 413,263 | 406,614 | ||
|
|
These financial statements were approved by the board of trustees and authorised for issue on 19 March 2024, and are signed on behalf of the board by:
Mrs L Williams Ms K Overton Trustee Trustee
The notes on pages 8 to 15 form part of these financial statements.
- 7 -
Rottweiler Welfare Association
Notes to the financial statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is PO Box 2424, Wrexham, North Wales, LL11 0PR, Wales.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Trust and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
- 8 -
Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance Van - 25% reducing balance
- 9 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 72,288 | – | 72,288 |
| Gift Aid | 15,049 | – | 15,049 |
| Membership | 3,449 | – | 3,449 |
| Share and care | 25,125 | – | 25,125 |
| Legacies | |||
| Legacies | 31,390 | – | 31,390 |
| Grants | |||
| Grants receivable | – | – | – |
|
|
|
|
| 147,301 | – | 147,301 | |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 82,465 | – | 82,465 |
| Gift Aid | 11,412 | – | 11,412 |
| Membership | 3,375 | – | 3,375 |
| Share and care | 25,736 | – | 25,736 |
| Legacies | |||
| Legacies | 88,670 | – | 88,670 |
| Grants | |||
| Grants receivable | – | 1,500 | 1,500 |
|
|
|
|
211,658 |
1,500 |
213,158 |
- 10 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
| 5. | Other trading activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Sales of goods | 4,884 | 4,884 | 4,181 | 4,181 | |
|
|
|
|
||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 8,642 | 8,642 | 333 | 333 | |
|
|
|
|
||
| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Fund raising expenses | 6,924 |
6,924 |
3,888 |
3,888 |
- 11 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
8. Expenditure on charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Printing | 710 | – | 710 | |
| Insurance | 2,440 | – | 2,440 | |
| Computer and IT costs | 2,163 | – | 2,163 | |
| Telephone | 176 | – | 176 | |
| Other office costs | 3,698 | – | 3,698 | |
| Depreciation | 2,189 | – | 2,189 | |
| Sundry care of dogs | 377 | – | 377 | |
| Vets and medication costs | 37,460 | – | 37,460 | |
| Kennelling costs | 75,576 | 1,141 | 76,717 | |
| Donation database | 3,140 | – | 3,140 | |
| Rent | 2,396 | – | 2,396 | |
| Light and heat | – | – | – | |
| Motor expenses | 2,864 | – | 2,864 | |
| Legal and professional fees | 989 | – | 989 | |
| Bank charges | 1,587 | – | 1,587 | |
| Subscriptions | 236 | – | 236 | |
| Staff costs | 7,478 | – | 7,478 | |
| Governance costs | 2,634 | – | 2,634 | |
|
|
|
||
| 146,113 | 1,141 | 147,254 | ||
|
|
|
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Printing | 85 | – | 85 | |
| Insurance | 1,666 | – | 1,666 | |
| Computer and IT costs | 4,349 | – | 4,349 | |
| Telephone | 151 | – | 151 | |
| Other office costs | 5,718 | – | 5,718 | |
| Depreciation | 2,346 | – | 2,346 | |
| Sundry care of dogs | 389 | – | 389 | |
| Vets and medication costs | 39,082 | – | 39,082 | |
| Kennelling costs | 70,796 | 359 | 71,155 | |
| Donation database | 2,319 | – | 2,319 | |
| Rent | 5,250 | – | 5,250 | |
| Light and heat | 165 | – | 165 | |
| Motor expenses | 1,421 | – | 1,421 | |
| Legal and professional fees | 6,404 | – | 6,404 | |
| Bank charges | 1,495 | – | 1,495 | |
| Subscriptions | 639 | – | 639 | |
| Staff costs | – | – | – | |
| Governance costs | 2,622 | – | 2,622 | |
|
|
|
||
| 144,897 | 359 | 145,256 | ||
|
|
|
||
| 9. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 2,189 | 2,346 | ||
|
|
- 12 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
10. Independent examination fees
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,634 |
2,622 |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 7,405 | – |
| Social security costs | 73 | – |
|
|
|
| 7,478 | – | |
|
|
The average head count of employees during the year was 1 (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or expenses were paid to any trustee during the year or the prior year.
13. Tangible fixed assets
| Fixtures and | ||||
|---|---|---|---|---|
| fittings | Van | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2023 | 7,146 | 8,000 | 15,146 | |
| Additions | 688 | – | 688 | |
|
|
|
||
| At 31 December 2023 | 7,834 | 8,000 | 15,834 | |
|
|
|
||
| Depreciation | ||||
| At 1 January 2023 | 1,692 | 5,469 | 7,161 | |
| Charge for the year | 1,556 | 633 | 2,189 | |
|
|
|
||
| At 31 December 2023 | 3,248 | 6,102 | 9,350 | |
|
|
|
||
| Carrying amount | ||||
| At 31 December 2023 | 4,586 | 1,898 | 6,484 | |
|
|
|
||
| At 31 December 2022 | 5,454 | 2,531 | 7,985 | |
|
|
|
||
| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 2,738 | – | ||
| Other debtors | 8,232 | 5,383 | ||
|
|
|||
| 10,970 | 5,383 | |||
|
|
- 13 -
Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
15. Creditors: Amounts falling due within one year
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals and deferred income | 2,628 | 2,622 | |||
|
|
||||
| Analysis of charitable | funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 355,473 | 160,827 | (153,037) | 50,000 | 413,263 |
| Designated Fund | 50,000 | – | – | (50,000) | – |
|
|
|
|
|
|
| 405,473 | 160,827 | (153,037) | – | 413,263 | |
|
|
|
|
|
|
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 288,086 | 216,172 | (148,785) | – | 355,473 |
| Designated Fund | 50,000 | – | – | – | 50,000 |
|
|
|
|
|
|
| 338,086 | 216,172 | (148,785) | – | 405,473 | |
|
|
|
|
|
|
| Restricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | 1,141 | – | (1,141) | – | – |
|
|
|
|
|
|
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | – | 1,500 | (359) | – | 1,141 |
|
|
|
|
|
16. Analysis of charitable funds
Dog care costs funding: represents funds received towards the costs of caring for the dogs in the charity's care.
- 14 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 6,484 | – | 6,484 |
| Current assets | 409,407 | – | 409,407 |
| Creditors less than 1 year | (2,628) | – | (2,628) |
|
|
|
|
| Net assets | 413,263 | – | 413,263 |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,985 | – | 7,985 |
| Current assets | 400,110 | 1,141 | 401,251 |
| Creditors less than 1 year | (2,622) | – | (2,622) |
|
|
|
|
| Net assets | 405,473 | 1,141 | 406,614 |
|
|
|
18. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Later than | 1 | year and not later than 5 years | 16,425 | 32,850 |
| Later than | 5 | years | – | 87,600 |
|
|
|||
| 16,425 | 120,450 | |||
|
|
19. Related parties
Mr A Weare and Mrs S Weare are paid kennel fees of £33,050 (2022: £30,413).
Trustees are reimbursed for expenses incurred on behalf of the charity when acting as agent. They are also reimbursed costs incurred in connection with caring for dogs in Rottweiler Welfare Association's care.
All trustees pay membership fees in accordance with other members. Unrestricted donations of £633 (2022: £100) were received from Trustees and related parties.
- 15 -
CHARITY REGISTRATION NUMBER: 279478
Rottweiler Welfare Association Unaudited financial statements
31 December 2023
Rottweiler Welfare Association
Financial statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 |
Rottweiler Welfare Association
Trustees' annual report
Year ended 31 December 2023
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name Rottweiler Welfare Association Charity registration number 279478 Principal office PO Box 2424 Wrexham Wales L11 0PR
The trustees
The trustees who served during the year and at the date of approval were as follows:
Mrs A Colbourne (Acting Chair) Ms K Akred (Appointed 6 February 2024) Mr D Hextall (Appointed 6 February 2024) Mrs S Hextall (Appointed 6 February 2024) Ms K Overton (Treasurer) Mrs D Yates (appointed 5 March 2024) Mrs L Williams (Secretary) Mr J Williams Ms J Darboe (passed away 12 August 2023) Mr A Weare (Resigned 5 February 2024) Ms S Weare (Resigned 5 February 2024) Bankers Barclays Bank Plc 27-28 Regent Street Swindon SN1 1QB Independent examiner Mark Proctor FCA DChA Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
- 1 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Objectives and activities
The objective of the charity, as set out in the governing document, is to relieve the suffering and distress of Rottweilers in need of care and attention.
Rescue, Rehabilitation and Re Homing is and will continue to be our top priority.
The charity achieves its objective by rescuing abandoned and neglected Rottweilers and help those who are unwanted. Also by providing all necessary care, treatment and rehabilitation and assessing these dogs for adoptability and finding suitable homes for them.
The trustees are aware and have taken due regard to the Charity Commission guidance on public benefit.
Achievements and performance
In 2023 we took in 57 dogs (1 pregnant) and re-homed/long term foster 66 dogs in total being 33 from kennels in Onneley, 6 from Kennels in South Wales, 10 from Wrexham and 15 (including 9 puppies) from Norfolk. Sadly, we lost 8 dogs and have 15 dogs in long term private foster homes where we maintain the financial responsibility for their vet care.
At 31 December 2023 we were responsible for 51 dogs made up of 15 long term residents (3 re home able) in Wales, 1 long term resident in Onneley plus 17 dogs being rehabilitated and 18 dogs who are in long term private foster homes.
The rescue dogs coming into our care continue to be very challenging and are taking a huge amount of time to rehabilitate, and needing experienced owners, finding suitable homes especially with the XL bully legislation and financial crisis continues to be very difficult.
Changes in legislation has meant that paperwork (i.e. pre assessment/post assessment of dogs including the environment they are in has now been re-implemented), ADCH (which we are a member) has after COVID re-introduced kennel assessments ensuring kennels and short/long term foster homes are suitably vetted etc.
The Onneley Kennels will no longer be available from Mid 2024, arrangements are being sorted and re homing will not stop but will continue as it already has been from South Wales, and our trustees based in Wrexham and Norfolk.
Fundraising, as in 2022, has continued to be challenging especially with the continuing financial crisis and people finding it difficult to keep their heads above water, we continue to be very grateful to all those who continue to support us financially and physically.
Somehow 2023 fundraising was still good helping with the legacy from the previous year giving us a head start of £75k plus a small legacy in 2023 we managed to have a very small positive end of year being £7k. We are so very grateful for the legacies we continue to receive.
Due to the loss of our Chief Fundraiser Jenni Darboe in August 2023 we have had to adapt the ways in which we fundraise. Donations continue to dwindle and we are having to adapt as we go.
Building on our new management structure we have kept all our financial records in order. In February 2024 our independent accountants prepared the draft accounts and presented them to the trustees early March 24 and will be reported to Charities Commission as soon as they have been finalised - this continues to show transparency.
Our accountants identified a very small error in our constitution - this was amended and re-ratified at the June 2023 AGM.
- 2 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Financial review
As with previous years the work of the charity continues to be funded through subscriptions from members, donations, legacies and the Care and Share Scheme. In addition, various fundraising activities are undertaken.
The results for the year are shown on pages 6 and 7. The charity generated income, including several legacies, of £160,827 (2022: £217,672) and after incurring costs of £154,178 (2022: £149,144) a surplus of £6,649 (2022: surplus £68,528) was achieved. We would like to acknowledge without the legacies we would have drawn into our savings.
Reserves policy
The trustees have set a policy of needing reserves of £200,000 in order to ensure it has sufficient funds to cover the costs of looking after the dogs in its care for at least twelve months together with its lease commitments. As at 31 December 2023 the charity had unrestricted free reserves of £406,779 (2022: £397,488). The Trustees are aware the level of funds held at the year end are in excess of the policy, however they expect the value to reduce in the current year due to a deficit budget for the year.
Restricted funds at the year end amounted to £Nil (2022: £1,141).
Plans for future periods
Our trustee base has changed with the loss of Jenni Darboe in August 2023, two trustees stepping down in early 2024 and we have taken on 4 new trustees to work on future proofing. Our future objective, short and long term, is to keep fundraising and grow membership to future proof the charity.
Our ongoing objective is to rescue, rehabilitate and rehome rottweilers.
Structure, governance and management
Governing document
The charity is controlled by its governing document, a Deed of Trust.
Trustee appointment
The trustees are nominated for election because of their skills, expertise and knowledge which they can bring to guiding the charity to fulfill its objectives.
The trustees who held office throughout the year and at the date the accounts were approved are listed on page 1.
Trustee induction and training
On appointment trustees are provided with:
-
A copy of the charity;s governing document.
-
The latest accounts of the charity.
-
Details of the Charity Commission guidance notes CC3 - The Essential Trustee - what you need to
-
know, what you need to do.
In addition trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
- 3 -
Rottweiler Welfare Association
Trustees' annual report (continued)
Year ended 31 December 2023
Structure, governance and management (continued)
True and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Ms K Overton Trustee
- 4 -
Rottweiler Welfare Association
Independent examiner's report to the trustees of Rottweiler Welfare Association
Year ended 31 December 2023
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31 December 2023 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement - matter of concern identified
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection 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.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
Mark Proctor FCA DChA Independent Examiner
Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland Business Park Norwich NR7 0LB
21/03/2024
- 5 -
Rottweiler Welfare Association
Statement of financial activities
Year ended 31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 147,301 | – | 147,301 | 213,158 |
| Other trading activities | 5 | 4,884 | – | 4,884 | 4,181 |
| Investment income | 6 | 8,642 | – | 8,642 | 333 |
|
|
|
|
||
| Total income | 160,827 | – | 160,827 | 217,672 | |
|
|
|
|
||
| Expenditure | |||||
| Raising funds | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 6,924 | – | 6,924 | 3,888 |
| Charitable activities | 8 | 146,113 | 1,141 | 147,254 | 145,256 |
|
|
|
|
||
| Total expenditure | 153,037 | 1,141 | 154,178 | 149,144 | |
|
|
|
|
||
|
|
|
|
||
| Net income and net movement in funds | 7,790 | (1,141) | 6,649 | 68,528 | |
|
|
|
|
||
| Reconciliation of funds | |||||
| Total funds brought forward | 405,473 | 1,141 | 406,614 | 338,086 | |
|
|
|
|
||
| Total funds carried forward | 413,263 | – | 413,263 | 406,614 | |
|
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 15 form part of these financial statements.
- 6 -
Rottweiler Welfare Association
Balance sheet
31 December 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 13 | 6,484 | 7,985 | ||
| Current assets | |||||
| Debtors | 14 | 10,970 | 5,383 | ||
| Cash at bank and in hand | 398,437 | 395,868 | |||
|
|
||||
| 409,407 | 401,251 | ||||
| Creditors: Amounts falling due within | |||||
| one year | 15 | (2,628) | (2,622) | ||
|
|
||||
| Net current assets | 406,779 | 398,629 | |||
|
|
||||
| Total assets less current liabilities | 413,263 | 406,614 | |||
|
|
||||
| Net assets | 413,263 | 406,614 | |||
|
|
||||
| Funds of the charity | |||||
| Restricted funds | – | 1,141 | |||
| Unrestricted funds | 413,263 | 405,473 | |||
|
|
||||
| Total charity funds | 16 | 413,263 | 406,614 | ||
|
|
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mrs L Williams Ms K Overton Trustee Trustee
The notes on pages 8 to 15 form part of these financial statements.
- 7 -
Rottweiler Welfare Association
Notes to the financial statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is PO Box 2424, Wrexham, North Wales, LL11 0PR, Wales.
2. Statement of compliance
These financial statements have been prepared in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
Trust and fair override
The accounts (financial statements) have been prepared to give a "true and fair" view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a "true and fair" view. The departure has involved Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity, and are rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
- 8 -
Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
3. Accounting policies (continued)
Income
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impracticle to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliabily measured. No amounts are included for the contribution of general volunteers.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25% reducing balance Van - 25% reducing balance
- 9 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 72,288 | – | 72,288 |
| Gift Aid | 15,049 | – | 15,049 |
| Membership | 3,449 | – | 3,449 |
| Share and care | 25,125 | – | 25,125 |
| Legacies | |||
| Legacies | 31,390 | – | 31,390 |
| Grants | |||
| Grants receivable | – | – | – |
|
|
|
|
| 147,301 | – | 147,301 | |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 82,465 | – | 82,465 |
| Gift Aid | 11,412 | – | 11,412 |
| Membership | 3,375 | – | 3,375 |
| Share and care | 25,736 | – | 25,736 |
| Legacies | |||
| Legacies | 88,670 | – | 88,670 |
| Grants | |||
| Grants receivable | – | 1,500 | 1,500 |
|
|
|
|
211,658 |
1,500 |
213,158 |
- 10 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
| 5. | Other trading activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Sales of goods | 4,884 | 4,884 | 4,181 | 4,181 | |
|
|
|
|
||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 8,642 | 8,642 | 333 | 333 | |
|
|
|
|
||
| 7. | Costs of raising donations and legacies | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Fund raising expenses | 6,924 |
6,924 |
3,888 |
3,888 |
- 11 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
8. Expenditure on charitable activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Printing | 710 | – | 710 | |
| Insurance | 2,440 | – | 2,440 | |
| Computer and IT costs | 2,163 | – | 2,163 | |
| Telephone | 176 | – | 176 | |
| Other office costs | 3,698 | – | 3,698 | |
| Depreciation | 2,189 | – | 2,189 | |
| Sundry care of dogs | 377 | – | 377 | |
| Vets and medication costs | 37,460 | – | 37,460 | |
| Kennelling costs | 75,576 | 1,141 | 76,717 | |
| Donation database | 3,140 | – | 3,140 | |
| Rent | 2,396 | – | 2,396 | |
| Light and heat | – | – | – | |
| Motor expenses | 2,864 | – | 2,864 | |
| Legal and professional fees | 989 | – | 989 | |
| Bank charges | 1,587 | – | 1,587 | |
| Subscriptions | 236 | – | 236 | |
| Staff costs | 7,478 | – | 7,478 | |
| Governance costs | 2,634 | – | 2,634 | |
|
|
|
||
| 146,113 | 1,141 | 147,254 | ||
|
|
|
||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| £ | £ | £ | ||
| Printing | 85 | – | 85 | |
| Insurance | 1,666 | – | 1,666 | |
| Computer and IT costs | 4,349 | – | 4,349 | |
| Telephone | 151 | – | 151 | |
| Other office costs | 5,718 | – | 5,718 | |
| Depreciation | 2,346 | – | 2,346 | |
| Sundry care of dogs | 389 | – | 389 | |
| Vets and medication costs | 39,082 | – | 39,082 | |
| Kennelling costs | 70,796 | 359 | 71,155 | |
| Donation database | 2,319 | – | 2,319 | |
| Rent | 5,250 | – | 5,250 | |
| Light and heat | 165 | – | 165 | |
| Motor expenses | 1,421 | – | 1,421 | |
| Legal and professional fees | 6,404 | – | 6,404 | |
| Bank charges | 1,495 | – | 1,495 | |
| Subscriptions | 639 | – | 639 | |
| Staff costs | – | – | – | |
| Governance costs | 2,622 | – | 2,622 | |
|
|
|
||
| 144,897 | 359 | 145,256 | ||
|
|
|
||
| 9. | Net income | |||
| Net income is stated after charging/(crediting): | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 2,189 | 2,346 | ||
|
|
- 12 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
10. Independent examination fees
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 2,634 |
2,622 |
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 7,405 | – |
| Social security costs | 73 | – |
|
|
|
| 7,478 | – | |
|
|
The average head count of employees during the year was 1 (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
12. Trustee remuneration and expenses
No remuneration or expenses were paid to any trustee during the year or the prior year.
13. Tangible fixed assets
| Fixtures and | ||||
|---|---|---|---|---|
| fittings | Van | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 January 2023 | 7,146 | 8,000 | 15,146 | |
| Additions | 688 | – | 688 | |
|
|
|
||
| At 31 December 2023 | 7,834 | 8,000 | 15,834 | |
|
|
|
||
| Depreciation | ||||
| At 1 January 2023 | 1,692 | 5,469 | 7,161 | |
| Charge for the year | 1,556 | 633 | 2,189 | |
|
|
|
||
| At 31 December 2023 | 3,248 | 6,102 | 9,350 | |
|
|
|
||
| Carrying amount | ||||
| At 31 December 2023 | 4,586 | 1,898 | 6,484 | |
|
|
|
||
| At 31 December 2022 | 5,454 | 2,531 | 7,985 | |
|
|
|
||
| 14. | Debtors | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Prepayments and accrued income | 2,738 | – | ||
| Other debtors | 8,232 | 5,383 | ||
|
|
|||
| 10,970 | 5,383 | |||
|
|
- 13 -
Notes to the financial statements (continued)
Rottweiler Welfare Association
Year ended 31 December 2023
15. Creditors: Amounts falling due within one year
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Accruals and deferred income | 2,628 | 2,622 | |||
|
|
||||
| Analysis of charitable | funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| General funds | 355,473 | 160,827 | (153,037) | 50,000 | 413,263 |
| Designated Fund | 50,000 | – | – | (50,000) | – |
|
|
|
|
|
|
| 405,473 | 160,827 | (153,037) | – | 413,263 | |
|
|
|
|
|
|
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 288,086 | 216,172 | (148,785) | – | 355,473 |
| Designated Fund | 50,000 | – | – | – | 50,000 |
|
|
|
|
|
|
| 338,086 | 216,172 | (148,785) | – | 405,473 | |
|
|
|
|
|
|
| Restricted funds | |||||
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 3 | Income | Expenditure | Transfers | 2023 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | 1,141 | – | (1,141) | – | – |
|
|
|
|
|
|
| At | At | ||||
| 1 January 202 | 31 December | ||||
| 2 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Dog care costs funding | – | 1,500 | (359) | – | 1,141 |
|
|
|
|
|
16. Analysis of charitable funds
Dog care costs funding: represents funds received towards the costs of caring for the dogs in the charity's care.
- 14 -
Rottweiler Welfare Association
Notes to the financial statements (continued)
Year ended 31 December 2023
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 6,484 | – | 6,484 |
| Current assets | 409,407 | – | 409,407 |
| Creditors less than 1 year | (2,628) | – | (2,628) |
|
|
|
|
| Net assets | 413,263 | – | 413,263 |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| £ | £ | £ | |
| Tangible fixed assets | 7,985 | – | 7,985 |
| Current assets | 400,110 | 1,141 | 401,251 |
| Creditors less than 1 year | (2,622) | – | (2,622) |
|
|
|
|
| Net assets | 405,473 | 1,141 | 406,614 |
|
|
|
18. Operating lease commitments
The total future minimum lease payments under non-cancellable operating leases are as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Later than | 1 | year and not later than 5 years | 16,425 | 32,850 |
| Later than | 5 | years | – | 87,600 |
|
|
|||
| 16,425 | 120,450 | |||
|
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19. Related parties
Mr A Weare and Mrs S Weare are paid kennel fees of £33,050 (2022: £30,413).
Trustees are reimbursed for expenses incurred on behalf of the charity when acting as agent. They are also reimbursed costs incurred in connection with caring for dogs in Rottweiler Welfare Association's care.
All trustees pay membership fees in accordance with other members. Unrestricted donations of £633 (2022: £100) were received from Trustees and related parties.
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