2024-12-31-accounts - Norfolk And Suffolk Animal Trust

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Norfolk and Suffolk Animal Trust

Charity No. 295518

Trustees' Report and Unaudited Accounts

31 December 2024

Norfolk and Suffolk Animal Trust Contents

Pages - Trustees' Annual Report - Independent Examiner's Report

Page 1

Norfolk and Suffolk Animal Trust Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 295518

Principal Office

Freemantle Road Great Yarmouth Norfolk NR30 4AT

Trustees

The following trustees served during the year:

C. Borg D. Carter A. Green (Resigned 23 September 2025) R. Maslen L. Meer V. Norton S. Orme L. Sturman (Resigned 28 May 2024) M. Sturman (Resigned 28 May 2024)

Key Management Personnel

Chair Mrs A Green Secretary Mrs V Norton Treasurer Mrs S Orme

Accountants

Accounting Taxation and Business Services ATBS House London Road Beccles NR34 8TS

Bankers

National Westminster Bank PLC

Solicitors

Lucas & Wyllys 11 Queen Street Great Yarmouth NR30 2QW

OBJECTIVES AND ACTIVITIES

Page 2

Norfolk and Suffolk Animal Trust Trustees Annual Report

The principal activity of the trust is the care and protection of all animals which have been maltreated or neglected

During the year the officers and members of the Trust continued to maintain the Trust's profile by organising fund raising events

FINANCIAL REVIEW

The utilization of funds to meet the objectives of the Trust is debated and agreed at Committee meetings. It is considered that sufficient capital is being maintained to cover day to day running expenses and any unforseen circumstances.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

V. Norton Trustee 21 January 2026

Page 3

Norfolk and Suffolk Animal Trust Independent Examiners Report

Independent Examiner's Report to the trustees of Norfolk and Suffolk Animal Trust

I report to the trustees on my examination of the financial statements of Norfolk and Suffolk Animal Trust for the year ended 31 December 2024.

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 2011 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

I have completed my examination. I can 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:

the 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 financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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.

Paul Ryan Association of International Accountants. Institute of Financial Accountants Accounting Taxation and Business Services ATBS House

London Road Beccles

NR34 8TS 21 January 2026

Page 4

Norfolk and Suffolk Animal Trust Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

61,959	61,959	21,853
56,989	56,989	35,065
-	-	1,183
118,948	118,948	58,101

24,650	24,650	39,482
56,155	56,155	37,170
80,805	80,805	76,652
-	-	-
38,143	38,143	(18,551)
-	-	-
38,143	38,143	(18,551)

38,143	38,143	(18,551)

280,912	280,912	299,463
319,055	319,055	280,912

Page 5

Norfolk and Suffolk Animal Trust

Balance Sheet

at 31 December 2024

Charity No. 295518 Fixed assets Tangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Creditors:Amount falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 15 Unrestricted funds 15 General funds Reserves 15 Total funds Approved by the trustees on 21 January 2026	2024 £ 12,057 12,057 - 447 309,693 310,140 (3,142) 306,998 319,055 319,055 319,055 319,055 319,055 319,055	2023 £ 15,740
		15,740 141 1,365 267,293
		268,799 (3,627)
		265,172 280,912
		280,912
		280,912
		280,912
		280,912
		280,912

And signed on their behalf by:

V. Norton Trustee 21 January 2026

Page 6

Norfolk and Suffolk Animal Trust Notes to the Accounts

for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 7

Norfolk and Suffolk Animal Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

Norfolk and Suffolk Animal Trust Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

Norfolk and Suffolk Animal Trust

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Other trading activities Investments Total Expenditure on: Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies Adoptions Donations 4 Income from other trading activities Fundraising Events Shop Income	Unrestricted £ 3,519 58,164 276 61,959 Unrestricted £ - 56,989 56,989	Unrestricted funds 2023 £ 21,853 35,065 1,183 58,101 39,482 37,170 76,652 (18,551) (18,551) (18,551) 299,463 280,912 Total 2024 £ 3,519 58,164 276 61,959 Total 2024 £ - 56,989 56,989	Total funds 2023 £ 21,853 35,065 1,183
			58,101 39,482 37,170
			76,652
			(18,551)
			(18,551)
			(18,551) 299,463
			280,912
			Total 2023 £ 11,734 10,119 -
			21,853
			Total 2023 £ 1,080 33,985
			35,065

Page 10

Norfolk and Suffolk Animal Trust Notes to the Accounts

5 Income from investments

5 Income from investments
Bank Interest 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs Volunteer and Trustee Expenses 7 Other expenditure Closing Stock Opening Stock Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets	Unrestricted £ 10,581 3,228 7,623 3,218 - 24,650 Unrestricted £ 10,024 141 12,369 3,037 19,919 3,683 5,520 1,462 56,155 2024 £ 3,683	Total 2024 £ - - Total 2024 £ 10,581 3,228 7,623 3,218 - 24,650 Total 2024 £ 10,024 141 12,369 3,037 19,919 3,683 5,520 1,462 56,155	Total 2023 £ 1,183
			1,183
			Total 2023 £ 13,689 10,647 1,871 7,859 5,416
			39,482
			Total 2023 £ 15,304 1,029 - 3,412 6,655 3,276 6,364 1,130
			37,170
			2023 £ 3,276

Page 11

Norfolk and Suffolk Animal Trust Notes to the Accounts

9 Trustee remuneration and expenses

Number of trustees paid expenses 10 Staff costs Salaries and wages Pension costs No employee received emoluments in excess 11 Tangible fixed assets Cost or revaluation At 1 January 2024 At 31 December 2024 Depreciation and impairment At 1 January 2024 Depreciation charge for the year At 31 December 2024 Net book values At 31 December 2024 At 31 December 2023 12 Stocks Raw materials and consumables 13 Debtors Other debtors Prepayments and accrued income 14 Creditors: amounts falling due within one year Trade creditors Other taxes and social security Accruals	of £60,000. £ 72,847 72,847 66,627 1,330 67,957 4,890 6,220	2024 Number - 2024 11,946 423 12,369 £ 14,388 14,388 6,801 1,870 8,671 5,717 7,587 2024 £ - - 2024 £ 47 400 447 2024 £ - 550	£ 4,426 4,426 2,493 483 2,976 1,450 1,933	2023 Number 8 2023 - -
				-
				£ 91,661
				91,661
				75,921 3,683
				79,604
				12,057
				15,740
				2023 £ 141
				141
				2023 £ - 1,365
				1,365
				2023 £ 1,424 -
		2,592		2,203
		3,142		3,627

Page 12

Norfolk and Suffolk Animal Trust Notes to the Accounts

15 Movement in funds

Restricted funds: Unrestricted funds: General funds Total funds 16 Analysis of net assets between funds Fixed assets Net current assets 17 Reconciliation of net debt Cash and cash equivalents Net debt	Incoming resources (including other gains/losses ) £ 118,948 118,948 At 1 January 2024 £	Resources expended £ (80,805) (80,805) Unrestricted funds £ 12,057 306,998 319,055 Cash flows £	At 31 December 2024 £ 319,055
			319,055
			Total £ 12,057 306,998
			319,055
			At 31 December 2024 £
	267,293	42,400	309,693
	267,293 267,293	42,400 42,400	309,693
			309,693

18 Commitments *Operating lease commitments* Annual commitments under non-cancellable operating leases 2024 Land and buildings £ Operating leases with expiry date: *Pension commitments* The pension cost charge to the charity amounted to:	are as follows: 2024 Other £ 2024 £ 423	2023 Land and buildings £	2023 Other £ 2023 £ -

Page 13

Norfolk and Suffolk Animal Trust Statement of Cash flows for the year ended 31 December 2024

Cash flows from operating activities Net income/(expenditure) per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Decrease/(Increase) in stocks Decrease/(Increase) in trade and other receivables (Decrease)/Increase in trade and other payables Net cash provided by/(used in) operating activities Net cash from investing activities Net cash from financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	2024 £ 38,143 3,683 141 918 (485) 42,400 - - 42,400 267,293 309,693	2023 £ (18,551) 3,276 (141) (1,365) 3,628
		(14,336)
		1,183

		-

		(13,153)
		-
		(13,153)

Components of cash and cash equivalents
Cash and bank balances	309,693	267,293

	309,693	267,293

Page 14

Norfolk and Suffolk Animal Trust Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from: Donations and legacies Adoptions Donations Other trading activities Fundraising Events Shop Income Investments Bank Interest Total income and endowments Expenditure on: Charitable activities Governance costs Volunteer and Trustee Expenses Total of expenditure on charitable activities Other expenditure Closing Stock Opening Stock Employee costs Salaries/wages Pension costs Motor and travel costs Vehicles - General costs Premises costs Rent	Unrestricted funds 2024 £ 3,519 58,164 276 61,959 - 56,989 56,989 - - 118,948 10,581 3,228 7,623 3,218 24,650 - - 24,650 10,024 141 10,165 11,946 423 12,369 3,037 3,037 12,000	Total funds 2024 £ 3,519 58,164 276 61,959 - 56,989 56,989 - - 118,948 10,581 3,228 7,623 3,218 24,650 - - 24,650 10,024 141 10,165 11,946 423 12,369 3,037 3,037 12,000	Total funds 2023 £ 11,734 10,119 -
			21,853
			1,080 33,985
			35,065
			1,183
			1,183
			58,101 13,689 10,647 1,871 7,859
			34,066
			5,416
			5,416
			39,482 15,304 1,029
			16,333
			- -
			-
			3,412
			3,412
			-

Page 15

Norfolk and Suffolk Animal Trust Detailed Statement of Financial Activities

Rates Light, heat and power General administrative costs, including depreciation and amortisation Depreciation of land and buildings Bank charges Equipment repairs and maintenance General insurances Stationery and printing Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	1,668 6,251 19,919 3,683 372 2,298 1,169 133 573 975 9,203 1,462 1,462 56,155 80,805 - 38,143 38,143 - 38,143 280,912 319,055	1,668 6,251 19,919 3,683 372 2,298 1,169 133 573 975 9,203 1,462 1,462 56,155 80,805 - 38,143 38,143 - 38,143 280,912 319,055	- 6,655
			6,655
			3,276 - - 2,222 1,701 1,199 1,242
			9,640
			1,130
			1,130

			37,170
			76,652 -
			(18,551)
			(18,551) -
			(18,551)
			299,463
			280,912

Page 16