Charity Registration No. 285745
CATS IN CARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
CATS IN CARE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs L Alford Mrs I J Crucefix Mrs J Bevan Charity number 285745 Principal address 24 Redland Lane Westbury Wiltshire United Kingdom BA13 3QA Independent examiner Gooding Accounts Ltd 24 Warminster Road Westbury Wiltshire United Kingdom BA13 3PE Bankers Lloyds Bank Plc 37 Market Place Warminster Wiltshire BA12 9BD National Westminster Bank Plc Western Avenue Chatham Maritime Chatham Kent ME4 4RT
CATS IN CARE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 14 |
CATS IN CARE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report and financial statements for the year ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution , 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's object s a re to prevent cruelty and to relieve suffering and distress of cats and kittens in need of care and attention, and there has been no change in these objects during the year.
All our residents enjoy the freedom of the house which has plenty of climbing frames, and places to hide and sleep; they also have access to outside runs where there are numerous interesting places to explore.
We hope to carry on the aims of the charity, by relieving the pain and suffering of all abandoned and unwanted cats and kittens. This we will achieve with the continued support of our members and friends.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
This year, as we all know, has seen unprecedented times, we have been in limbo for months with no contact with our fellow volunteers. In all, the work this year at the shelter, went on as before, the health and well-being of our animals being upmost in ou r minds.
Interest and support for the charity resides mainly in the Westbury/Warminster area, although membership is spread throughout the country. As you know, our only income is from the generous donations from our loyal supporters.
Financial review
Despite the uncertain economic times, the charities investment portfolio during the year has responded to the general financial state of the country and we have great faith in our wealth management team.
Although our charity is a small one, we are very lucky to have members who have remembered us in their wills.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level to meet future requirements of the charity in line with its objectives. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The charity is a n unincorporated registered charity .
The trustees who served during the year and up to the date of signature of the financial statements were: Mrs L Alford Mrs I J Crucefix Mrs J Bevan
- 1 -
CATS IN CARE
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
The charity is governed by the trustees who are responsible for formulating the strategies and policies of the charity including the exercise of financial controls.
The trustees' r eport was approved by the Board of Trustees.
.............................. Mrs I J Crucefix Trustee Dated: .........................
- 2 -
CATS IN CARE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CATS IN CARE
I report to the trustees on my examination of the financial statements of Cats in Care (the charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
2 the financial statements do not accord with those records; or
-
3 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 financial statements to be reached.
Gooding Accounts Ltd
24 Warminster Road Westbury Wiltshire BA13 3PE United Kingdom
Dated: .........................
- 3 -
CATS IN CARE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| Notes | £ |
£ | |
| Income from: | |||
| Donations and legacies | 3 | 35,175 | 36,158 |
| Other trading activities | 4 | 15 | 10 |
| Investments | 5 | 21,933 | 26,965 |
| Total income | 57,123 | 63,133 | |
| Expenditure on: | |||
| Charitable activities | 6 | 27,912 | 23,482 |
| Net gains/(losses) on investments | 11 | (25,481) | 51,851 |
| Net movement in funds | 3,730 | 91,502 | |
| Fund balances at 1 January 2020 | 1,044,683 | 953,181 | |
| Fund balances at 31 December 2020 | 1,048,413 | 1,044,683 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
CATS IN CARE
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Tangible assets 12 Investments 13 Current assets Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Income funds Unrestricted funds |
2020 £ £ 232,500 693,057 925,557 300 123,246 123,546 (690) 122,856 1,048,413 1,048,413 1,048,413 |
2019 £ £ 232,500 718,538 951,038 658 93,676 94,334 (689) 93,645 1,044,683 1,044,683 1,044,683 |
|---|---|---|
The financial statements were approved by the Trustees on .........................
.............................. Mrs L Alford Trustee
- 5 -
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
CATS IN CARE
1 Accounting policies
Charity information
Cats in Care is a charity registered in England and Wales. It is governed by its constitution and rules adopted on 25th September 1982, as amended on 25th September 1996 and by scheme of the Charity Commissioners dated 19th May 2005. The principal address of the charity is given within the legal and administrative information page of these financial statements. The nature of the charity's operations and principal activities are provided in the Trustees' Report..
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's constitution, 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 (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The charity did not hold any restricted funds during the year or in the preceding year.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. The charity did not hold any endowment funds during the year or in the preceding year.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 6 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure.
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of VAT which can not be recovered,
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The freehold property is shown at the valuation obtained on acquisition in 2015. No depreciation is provided on freehold property due to the charity's practice to maintain these assets in a continual state of sound repair. The trustees consider the residual value to be at a level where depreciation would be immaterial. In the absence of any depreciation charge an annual impairment review is undertaken and any permanent diminution in value is charged to the Statement of Financial Activities as appropriate.
Freehold land and buildings see above Fixtures and fittings 10% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less .
1.10 Financial instruments
The charity only have financial assets and liabilities of a kind that qualify as basic financial instruments.
- 7 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.11 Taxation
No tax is charged in these accounts due the charitable status.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 8 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
3 Donations and legacies
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Donations and gifts | 2,978 | 3,950 | |
| Legacies receivable | 32,197 | 32,208 | |
| 35,175 | 36,158 | ||
| 4 | Other trading activities | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Fundraising events | 15 | 10 | |
| 5 | Investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Income from St James Place investments | 18,864 | 24,010 | |
| Income from COIF Fixed Interest Fund and Income Shares | 3,069 | 2,955 | |
| 21,933 | 26,965 |
- 9 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
6 Charitable activities
| C are of Cats C are of Cats | C are of Cats C are of Cats | |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Staff costs | 6,770 | 3,809 |
| Direct cost - food | 3,278 | 3,397 |
| Direct cost - vetinary | 3,515 | 1,421 |
| Direct cost - shelter provision | 1,517 | 5,925 |
| Direct cost - cat care | 1,898 | 1,516 |
| Rates | 3,259 | 3,010 |
| Light, heat and power | 267 | 420 |
| Insurance | 290 | 1,785 |
| General maintenance | 1,084 | 577 |
| Telephone | 341 | 342 |
| Sundry expenses | 3 | 590 |
| Donations | 5,000 | - |
| 27,222 | 22,792 | |
| Share of governance costs (see note 8) | 690 | 690 |
| 27,912 | 23,482 |
7 Description of charitable activities
C are of Cats
The charity works to prevent the cruelty and relieve the suffering and distress of cats and kittens in need of care and attention.
8 Support costs
| Support costs Governance costs £ £ Accountancy - 690 - 690 Analysed between Charitable activities - 690 |
2020 Support costs Governance costs £ £ £ 690 - 690 690 - 690 690 - 690 |
2019 £ 690 690 690 |
|---|---|---|
- 10 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
9 Trustees
D uring the year Joan Bevan received remuneration of £686 (2019- £767) for charitable activities , which has been included in wages costs. Two trustees were reimbursed a total of £ 29 4 for travelling expenses (2019three were reimbursed £ 52 9).
10 Employees
The average monthly number of employees during the year was:
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| 2 | 2 | |
| Employment costs | 2020 | 2019 |
| £ | £ | |
| Wages and salaries | 6,770 | 3,809 |
11 Net gains/(losses) on investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2020 | 2019 | |
| £ | £ | |
| Revaluation of investments | (25,481) | 51,851 |
- 11 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 12 Tangible fixed assets Freehold land and buildings Fixtures and fittings £ £ Cost At 1 January 2020 232,500 5,189 At 31 December 2020 232,500 5,189 Depreciation and impairment At 1 January 2020 - 5,189 At 31 December 2020 - 5,189 Carrying amount At 31 December 2020 232,500 - At 31 December 2019 232,500 - |
Total £ 237,689 237,689 5,189 5,189 232,500 232,500 |
|---|---|
- 12 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
13 Fixed asset investments
| Cost or valuation At 1 January 2020 Valuation changes At 31 December 2020 Carrying amount At 31 December 2020 At 31 December 2019 Investments at fair value comprise: St James Place Unit Trust COIF Income Shares COIF Fixed Interest Units |
Unlisted investments £ 718,538 (25,481) 693,057 693,057 718,538 2020 2019 £ £ 594,498 625,220 73,739 69,306 24,820 24,012 693,057 718,538 |
|---|---|
- 13 -
CATS IN CARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 14 Financial instruments Carrying amount of financial assets Instruments measured at fair value through profit or loss 15 Debtors Amounts falling due within one year: Prepayments and accrued income 16 Creditors: amounts falling due within one year Accruals and deferred income |
2020 £ 693,057 2020 £ 300 2020 £ 690 |
2019 £ 718,538 2019 £ 658 2019 £ 689 |
|---|---|---|
17 Related party transactions
There were no disclosable related party transactions during the year (2019 - none).
- 14 -