THE KENNEL CLUB CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 REGISTERED CHARrrY NO. 327802
THE KENNEL CLUB CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 cop¥rENTS Trustees, Report........... ststement of Trustees, Resportsiblilies........ Indepèndent Examlnors R8POrt........ statement of Financial ActNities........... 10 Balance Sheet . 11 Notes to the Financial Statements.............. 12
THE KENNEL CLUB CHARITABLE TRUST TRUSTEES. REPORT YEAR ENDED 31 DECEMBER20ZJ Patron Fonnerly Her Majesty Queen Elizabeth11. VIco•Presldent Sir John Spuding KCVO OBE is the Trusvs WIresIdent Truste8S Th8 following have be8n the Trustees throughout perd covered by th8 attathed financlal statements {exc8Pt wh8re stated): Mrs J Millard (Chalr from 11 Decemb8r 2023) Revd W King (former Chair- retired 11 December 2023) Professor M Herrtage Dr A Higgins Mr G Hill Mr Bill Lambert (appointed 21 Jun8 2024) Mrs R Smart (retired 21 June 2024) Ambassadorn The following have been Ambassadors for the Trust throughout the year (except where ststed): East AThJlia S(xJth East GloucestershlrelAvon South Wa18S North Wales Scotland Mr R Morland The lat8 Mrs l E Tery Mr M L Vines MrA R J Morgan Mr S Jones Mrs M Hennis When called upon, the Ambassadors (like the Trust88s) represent the Trust whenever appropriate (for example. ceremonially acceptlng donations to the Trust or inspecting applicants for grants who are unknown to the Trustees). In these ways the existence and Objects of the Trust can be made known to a wlder audlence. and the reputatlon of the Trust can b8 protected. The Twstees also wish to note wlth sadness the passing of Mrs l E Terry who passed avmy In 2023 8nd wish to record their thanks for all the support Mrs l E Tery prOVed overthe years to Chartty as an ambassador. Admlnlstrallv• Support The followlng Individuals aTrJ Teams are employ8d by The Royal Kennel Club and provkle admlnlstratlve support to the Trustees and the ch8rlty. Secr8tary to the Trustees- Mrs A Tabrett Grants Administration - Mrs A Tabrett Finance and IT- Stsff at The Royal Kenn81 Club
THE KENNEL CLUB CHARITABLE TRUST TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2023 Admlnistratlon Detalls The Principal Office of the Trust is: The Kennel Club Limited 10 Clarges Street PldillY LOndt W1J 8AB Registered Charity number. 327802 Banker3: Bardays Bank p Bamet and Hampstead Business C8ntre LorKlon N20 OWE Metro Bank k One SoLrthampton Row London WC18 SHA Independent Examlnets: Crc6ve UK LLP 81ack County House Rounds Green Road Oldbury West Midlands 869 2DG Investrnènt Advlsors.. CCLA Invesknent Management Ltd 80 Cheapside Lond<)n EC2V 6DZ
THE KENNEL CLUB CHARITABLE TRUST TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2023 Structure. governance and manag8Tht The Kennel Club Charitable Trust Is registered as an urunoXpth ¢haTity with the Chanty Commission for England & Wales {Re9iStration No. 327802) and is govemed by a Dedaratiim of Twst dated 1 J8nuary 2005 and it is managed by the Trustees listed on page 2. The policy for ro¢ruitiiient of new Trustees is to consid8r nominations from the 8xlstlng Trusto8s and from the Board of The Royal K8nn81 Club Limited. Induction and training ar8 conducted by encouraging a potèntial Truste8 to attend a Irial. meeting of th8 Trusteas. and by providiTVJ copies of the Trust Deed, the latest accounts and Minutes, and the Charity Commission's guidance CC3 The Essential Trustee". what you need to know, what you need to do". Where Ihe Individual is inexperienced in the role of being a Trust8e. onethon-one training may be provided. TheTrust8es receive no remuneration or benefftsfrom their position. Lxrtthéir expenses connected wth the Trust ar8 relmbursed by Th8 Royal Kennel Club Limlled (see Not8 3). The charity and the Trustees r8C8Ne admlnlstrativ8 SUPPOrt from employeas of The Royal Kennel Club as s8t out on page 2. This support is donatsd to the charty and disclosed as 'Donations in kind, and 'Costs bome by Th8 Royal Kennel Club, in the Statement of Financial AGtivltss. ObJeGtlve• and athltl The Objedves of the charity can be summarised as belng: To promote the advancement of education arKI sclence by furthering r880arch Into canlne diseage8 and hereditary disorders of dogs. To promote the quality of life of human beirys by promoting dogs as therapeuiic and practlcal aids to humans. To promote the rellef of Sufferlng of dogs which are In n8ed of cara and attantkn. These Objects have 8pplled slnce the foundation oflhe Trust In 1988. The chanty continued to purse these objectives by undertaklng the primary activlty of revlewlng grant applicatkins and awarding grants to third party organlsatlons that advance these objecfjve8. The acllvit188 in 2023 included the folbwlng. Awardlng scientific grants amounting to £663K (2022 - £395K). induding to the re-fomied Kennel Club Genetics C8ntre in partnership wrth the Unfverslty of Cambrldge . Awardlng non-sclentific grants amounted to £384K (2022 - £697K), made to a total of 31 reclplent bodles, induding to the Intemational Canlne Heallh Awards. Achl•vom•nt and perfornianc• The Tnjstees met on four occasions during the year to consKler the business of the Trust and th8 making of grants. Detsils of all grants made are shown in Note 2 to the fnan(xal staternts M pages 14 to 15 ofthi8 rewTL Th8 eCorM cllmats has oxtlnu&J to pkn pressure donations. Tha Royal K8nnel Club has continued to make donations in kind to support the administrative activities of the charity and arrange a donation of £1 from its affinity partner on the sale of each Kennel Club Pet insuranc8 policy sold during Ihe year. H¢J+vever, The Royal Kennel Club dld rw)t make any charilable donations to the ctkarlty during the year and has informed Trustées that it is unlikely tr• bo in 8 Posttion do in the short temi. Under the current cfflditions the TNstses have to pause th8ir fundralsing strategy are nsIderIng in onsultation with Th8 Royal Kennel Club how b8St to undertsk8 fjjndraislng 8Cti¥itles n th8 fuiur•. During the year the Trust88s were infomied of a legacy donation whith was finally received in April 2024. This has been accounted for in 2023 as th8 legaGy was agreed in th8 year. Though legacies are unpredictable they are a source of (lonations Ihat the Trustees intend to activety develop in the future.
THE KENNEL CLUB CHARITABLE TRUST TRUSTEES. REpoiYr YEAR ENDED 31 DECEMBER 2023 Flnanctal rnvlow The Trusvs totsl outgoings for 2023 were £1,300K {2022 - £1,275K). Of these amounts £1.048K {2022 - £1,092K) represented grants made by th8 Trust Total income was £848K compared with £870K in 2022. Together with a net unrealised gain on the value of investments amounting to £145K (2022- loss of £256K). The nat assets of the charity decreased by £307K from £2,446K to £2.139K: In the prlor year there was a decrease of £661 Flnanclal statem•nts Th8 accompanylng financkql statements cover the year ended 31 Decamber 2023. The Trusteos consider tha( in the context of th8 substsntial liquid assets available to the charfty In th8 form of cash and inv8slm8nts, the going concem basis on which the accounts are prepared is appropriate and Ihat applle2ble accounting standards and statements of recommended practice have been foll0v. R16ks The Trustees have rAinslder8d the malor risks to which the Trust may be exposed and concluded that ralsing new funds to allow the charity to make grants Is the hlgh6st rfsk. This has proven challenging over recent years du8 to the 8conomi¢ climate and th8 lack of funding from Th8 Royal Kennel Club. The Truste8s endeavored to mitigate this risk by employing a third- party fundraising consultancy Gifted Phi18nthropy. But this did not achl8ve the required return to m8rit the investment and so the TNsts6s hav8 temiinated their contract with Gifted Phi18nthropy in April 2024. The Trustees are concemed that there Is no estsbllshed source of future fundlng for the charftles activltles and Is In consultatlon wth The Royal Kenn81 Club how best to tackle thls matter. Inv••tm•nts and Cash Balanc•8 The Trustees. advlsed by their profes8lonal inveslment advisors, follow an Inv8Stm8nt pollcy whlch 88eks balanced income and capital grovrth, with a moderate attitude to risk, and within ethical parameters which they have defined recognising the Trusys charitable purpose. The Trusfs investm8nts are represented by units In CCLA. There was no change In the content of the Trusfs Investment porifolio during 2023. The market value of the holdings has decreased by a net £485K over the year, due to disinv8strnents totaling £630k mad8 to partially fund grants falling due in the year, whlch was offset by the unrealised gain in the year of £145k. CCLA, our investment managers and advlsers, have a benchmark of achleving 8n Inflatlon (RPI) adjusted retum of an average of 5Yo pa over the business cycle (say &7 years); and also measure thelr perforniance agalnst a composite comparator index. The Trusfs cash balances decreased over ts year by £57K (2022 increase of £405K). Reserv88 The Twsfs reserves decreased by £307K {2022: decrease of £661 K) to £ 2.1391Q The r8seNes at 310ecember 2023 are as follows: Charit8bl8 commitments- £1.230K In grants over the next4 years (see Note 9). Restricted funds- £588k Free reseNes - £321 k Considering the low level of free reseNes the TNstees have decwjed to make no furthar grant commitments unless they receNe prior funding. This pdicy remains under review at eath TnBtees meeting where future grant fundlng discussed and considered.
THE KENNEL CLUB CHARITABLE TRUST TRUSTEES. REPORT YEAR ENDED 31 DECEMBER 2023 Grant maklng pollcy All applications are fully considered by the Tntstees against spectfic criteria and with the support of spe¢lalist advice where appropriate. The latter includes peer review of substsntial scienttfic applications. Grants are approved by the Trustees colleclively. Generally, applications purely for building costs. or requests from Individuals or from organisatThis whose concern is not predominantly with the dog do not receive favourable att8ntion. TheTrusYs work is adverttsed through the Kennel Club Ybsite, in the Kennel Club Joumal and by direct contact wlth individuals, societies and universities. as well as in the Directory of Grant Making Trusts and 0th8r listings of charities. Futuro actlvftlas A5 rthd in the review 8bov8 future funding for fvrther grants Is Ilmited. Therefore, tho Trustses ar8 foGuslng on administering and di3tributing the commitments made to dats. After many yèars of a successful funding partnership a public announcement was made in February 2024 by The Royal Kennel Club Limited that it coukl no Iger fvnd the Canine Genetics C8nter based at the Unlversty of Cambridge. Thé funding over the term of the partnetship from 2019 to 2024 amounts to over £3.gM and was dlstributed by the charlty. Th8 futurè of the data gathered as part of the Centerfs r8searth is the subject of dlscusslons beten all Inter8Sted parties. The Twstees are now discusslng the future opwrtunities open to the tharity with the Board of The Royal K8nn81 Club Llmf(ed wilh a view to arriving at a sustalnable business mod81 that will allow the charity to once again fund future grants which further ts charitable objects whith are vtholty Compatib wrth th8 current strat8gy of Th8 Royal Kennel Club Limited. Publlc Ben•fft The TNste88 are fully aware of the Charity Commission's r8quirem8nts on the 8ubj8Ct of publlc beneflt. The Who purpose of the Trust is to Improve the haalth and welfar9 of dogs, and to provlde healthy and tralned canlne Companions to human being8. The Trust accepts grant appllcatlons across a broad base and within the Oblects of the charty. It operetes an open process. assessing applications on the basls of credibility of the applicant, the assessed efficiency of the proposed object for support, and ts likely abilty of the recipient to fund them8elves on a continuing basi8. Th8 Ilst of grants In Nole 2 to the aUnts Indicates the instrtutlons supported. and Press Releases expand on some of these case studies. The Trust8es believe that the Trust dearty wovKl8s a public benefi( without discrimination, and that each of its Objects incorporates this feature in positlve terms. Thank8 The Trustees wish to thank Slr John Spurllng for hls encouragement and 8xpertlse tn hls role as Vlce-Presldent; tho Trust's Ambassadors: all donors and all the rlPIents of our grants who work for the benefit of dogs and their health and welfar8. On behalf of the Trustees: Mrs J Millard Date [( io [IOLF
THE KENNEL CLUB CHARITABLE TRUST STATEMEKf OF TRUSTEES. RESPONSIBILMES The Trustees are responsible for preparing the trustees. report and the financial statements in accordance wlih applicabl818w and Unitèd Kingdom Ac¢ounling Stsndards (United King¢*)m Generally Accepted Accounting Practice) induding Financial Reporting Standard 102. Charfty law requires the trustees to prepare financial stst8ments for each financial year in accordance with United Kingdom Generally Accepted Accounting PractiG8 (United Kingdom Accounting Standards and applicable law). Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true 8nd fair view of the stat8 of affairs of the charity and of the incoming resourc8s and application of resources, including the income and expenditure, of the charlty for the period. In preparing thos8 financial statements the Trustees ar8 required to: stste whether applicable UK Accounting Standards have been followed. suble¢t to any matsrial departur8S dlsclosed and explained in tho financial statements: select sultable accountlng policies and then apply them conslstently. obsetve the methods and principles in the Charrties SORP 2019; make judgments and estimates that are reasonable and PNdenL' prepare the financial statements on tho gdng concern basis unless it is Snapproprlate to presume that the charlty will continu8 in business. Th8 Tnjstees are r8sponsible for keeping accountlng records that are sufficient to show and explaln the charfvs transactions and dlsclose with reasonabl8 aGcura¢y at any tlme the financial position of the charity and enable them to ensure that the financial statements comply with the Chariti8s Act 2011 and regulations made thereunder. They are also resp)n8lble for safeguarding thè assets of the charty and hence for taklng reasonable steps for the preventlon and detectw)n of fraud and other Irregularitles.
THE KENNEL CLUB CHARITABLE TRUST INDEPENDEKf EXAMINERS REPORT TO THE TRUSTEES OF THE KENNEL CLUB CHARrrABLE TRUST Indepgndent Examlnefs Report to the Trust•es of The Kennel Club Charltable Tru•t I report to the charity Twstees on my exarnination of the accounts of the Charity for the year ended 31 December 2023. Responslbllltles and Basls of R•port As th8 Trustees of the Charlty (and Its dirOr5 for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('th8 2011 ACV). I report in respect of my examination of the Charws a¢(Unts Carried out under sectbon 145 of th8 2011 Act and In C8rylng out my examlnatlon I hav8 followed the applicable Diredions given by the Charity Commission under secfjon 145(5)<b) of the 2011 Act. Independent Examlnofs Statement Since the charitys gross income exceeded £250,000 your examiner must ba a member of a bcKly listed in section 145 of the 2011 Act. I confirm that l am qualffied to undertake the examination because l am a member of Th8 Inslltute of Chartered AcUntants in England and Wales. which is one of the list8d bodies. I have completed my examination. I confirni that no matters have come to my attents'on In connecfjon with examinatThi giving me cause to belleve that In any material respect: 1. accounting records were not kept in r@S¢t of the Charfty as requlred by section 130 of the 2011 Act; or 2. the a¢¢ounts do rt accord wlih those ro¢ords; or 3. the accnunts do not (y)mpty with the applICab requirements concerning the fomi and content of accounts set out In the Charitl8s (Accounts and Reports) Regulations 2008 othér than any requirement that the accounts glve rue and fairf vl8w whlch Ss a matter ¢onsldered as part of an indopandent examlnatlon. I have no concerns and have cc4n8 across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to b8 reached. This report Is made 8olety to the Chantys Trustees, as a t)ody, in accordance with Part 4 of the Charityes (AOunts and Reports) Regulations 2008. My work has been undertaken so that I rnht state to the Charity's Tnjstees those matters l am requlred to state to them in an independent examinerfs report and for no other purpose. To lh8 fullest extent pèrmitted by law. I do not accépt or assume r8SFX)nsibilty to anyone other than the Charity and the Chanty's Trustees as a body, for my work or for this report. Signed.. Dated: 2 October 2024 Helen Blund811 LLB FCA FCIE DChA Crowe UK LLP Black Country House Rounds Green Road Oldbury West Midlands B69 2DG
THE KENNEL CLUB CHARITABLE TRUST STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31 DECEMBER 2023 Notss 2023 Unrestrfctod 2023 Re8ctod 2023 Total 2022 Total INCOME Donations received 494.025 228.049 722.074 741,399 73.919 70.706 Donations In klnd 73.919 57.941 Investment income 51.985 51,985 619.929 228,049 847.978 870,046 EXPENDITURE Charltable oxp•ndlturn Costs borne by the Kennel Club 73,919 73.919 70,708 175,245 175,245 112,805 Fundraising Sci8nffic and Research project 8UPPOrt Other Grants made 663.222 663.222 394,620 248,487 135,999 384.486 696.987 Independent examIr fees Bank charges Sundry axpenses Professlonal fees 129 356 35 129 356 TOTAL EXPENDrruRE 1.164.393 135.999 1.300,392 1275.118 138,014 7,264 145,278 (256.358) Unrealised gain l (bs8} investment ass8ts NEf IDEFicm i SURPLUS FOR THE YEAR (4&8,450) 99,314 {307.136) (661,430) 488.871 2,446,554 3.107,984 Fund balances at beginning of year 1,957.683 Fund balances at end of year 1,551.233 588.185 2.139,418 2.446,554 All amounts arfse from contlnuing aclivf(ies. I galns and losses in the year are included in the Statement of Financial Actmties. The notes on pages 12 to 20 form part of these accounts.
THE KENNEL CLUB CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2022 FIXED ASSErs Investments 1,463,547 1,948,289 CURRENT ASSErs D8btors and accrued Income Cash at bank and on short term d8POSit 252.627 42 14.697 678.871 498.285 CURRENT UABILrnES Credltors- accwed Independent Examination foes (3.000} NET CURRENT ASSErs 675.871 498,285 NEf ASSETS 2,139.418 2,446,554 UNRESTRICTED ACCUMULATED FUND RESTRICTED FUNDS 1,551,233 1,957.683 588,185 488,871 2,139,418 2,446,554 Those accounts hav8 been prepared in accordance wlth the speci81 provlsions relating to small entitles regime in accordance wlth the provlsions of FRS102 Sedon 1A- Small Entitles. The notas on pag88 12 to 20 fomi part of Ih8so accounts. The financial statements on pages 9 to 20 were approved and authorised for issue by the Trustees and signed on their behalf on by: Mrs J Millard 10-
THE KENNEL CLUB CHARITABLE TRUST STATEMENT OF CASH FLOWS AT 31 DECEMBER 2023 2022 Cash ouffiow from operatlng actmtles Cash tlow from Investlng actlvltlos Receipts from sale of investments Dividends and interest received from investments Net cash flow ganèrated by Investlng a¢tlvltl 739 328 630,000 51.984 57,941 Change In cash and equlvalents In yoar Cash and cash oqulvalonts at 1 January Cash and cash oqulvalonts at 31 Do¢embor Cash and cash equlvalents wislst of Gash at bank and on short terni deposit (57,344) (405.288) 888,876 483,588 426,244 483,588 A) reconclllatlon of n•t Incom• cash outlk+W from oporatlng actlvltlo• Net expenditure for year Net (gain) I loss on investments Dlvidends arKI Inlerest receiv8d from investrn8nts {Incr8as8) l Decrease In debtors In¢re8881 (Decre88e) In creditors Net ¢a8h outllow from operntlng actlvltl (307.136) (145,278) (51.985) (237,929) 3,000 (661,430) 256.358 (57,941) (216) 11
THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 ACCOUNnNG POLICIES (a) Basls of accountlng The entity is a trust estsblished in Eroland at 10 Clarges Street. LdOn W1J 8AB. The financial ststements have been prepar8d in accordance wth FRS 102. the Financial Reporting Standard applicable in the Unitsd Klngdom and Republic of Ireland. induding the October 2019 amendments. The financial statements have been propared to give a True and faie view and have departed from the Charities (Accounts and Reports) Regulations 2008 onty to the extent required to provid8 8 'true and fairf view. This departure has involved following the Charities SORP (FRS 102) publlshed in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 wthith has since been withdrawn. The financial statements havo been pr8par8d under the historical cost convention. The accounts of the Charlty have been prepared on a corKern basis. The Charity meets the definrtion of a public benefit entty under FRS 102. A summary of the accounting pollcies. which have been applied consistenty. Is set out below. (b) Crltkal accountlng Judgements and estimatlon• In preparing the finan¢lal statements, the trustees are requlred to make e8tim8tes and Judg8m8nts. The items In th8 financial statements where these judgments and estimat05 have been madè indude: (i) Accruals- The estimate for payab18s r81at8S to th8 Ilabilities not settled at the year end. A revlew Is ned on an IndNidual creditor basis to 8sts.mate the amount will b8 collected. (c) Donatlons and *aclos Donations are accounted for as SO 88 there Is an entrtlemanL and th8 amount18 measurabl8 and recelpt probable. A donation In klnd was received duTlng the year from The Kennel Club amounting to £73,919 (2022 £70.706). Donated services are reoJgniwl when the benefit lo the charity is reasonably quanlifiable. The value placed on these resources is the estimated value to the charity of the service received. (d) Investmonts and Invostmént Income Invgslments are Included at market value as r8quired by th8 Statement of Recommended Pr8Cti¢e. Unrealised gains or lossès on revaluation are induded In the Ststement of Flnancl81 Actlvltle8. Investment inwne is included on an accwal's basis. The Trusys investments are represeed by units in CCLA'S g8nefal investment fund. Any charge8 form part of tho movement In the prlce of those unlts. {•) R•8earch projoct Support and grnnts made Research project supp(xt a1 grants made are charged to expenditure when performan¢8 nditionS are met, and payment is approved. Where grants are expected to span more than one-year. subsequent years, awards are subject to condtiions (for example. the requir8ment for progress reports to be presented to the TftteaS) and are shown as Commitments (see Note 9). 12-
THE KENNEL CLUB CHARITABLE TRUST ACCOUIrnNG POUCIES CONTINUED Employees There were no 8mployees during th8 year {2022 - Nil). (g) Cash and cash equlvalents Cash at bank and cash in hand includes cash and shorttsmi hlghly liquid investments vAth a maturlty of three months. from the date of acquisition. or less and bank overdrafts. Ail Gash and short-tarm deposits are basic instruments and are m8asured at amortiS8d cost. (h) Debtors Trade and other debtors are recc*Jnised at th8 settloment arrnt. Flnanclal Instruments The trust only has financlal assets and financi81 liabilitles of a kind that qualify as b851c financlal Instruments. Basic financlal instruments are initialtrrf reu)gnised at transaction value and subseouently measured at thelr s8tUement value. (i) 13-
THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (continued) DIRECT CHARrrABLE EXPENDrruRE Payments from unrestrfcted funds Sdentific and Rtwrth Proi•ct Support Royalveterinary Colleg UnwersityofCbridge UnNersty cl Surrey Unlvors6ty of EdirtXJKgh Unfv8TS1ty of UverF4JoI Unlversity Hospltsts BlfrT¥f¥3ham Sub Total unrn•triet•d lund• 19.121 502.553 10.(1 108,$48 20.rJ)o 3.oc¥) 13,393 13,994 58.253 391620 Educatlon and oth•r grnnts Abused Pet Ro8eue Pro1 Awardad 2 Ll Batter88a Dog5 & Cats Hm Border Collie R8sc BVNA CommlttedgMTrJ OQJS for Autism Dogs forgo Dog$ Trust Douge dè Bordè8uxWdkn Frf8nd8 crf West Halch R08¢ Gengrnl expon8è8 Genome Research Globol P8ym•nts GocJk¢X GWD He8rtryJ fcfthe Doaf ICHA v4inn8 Irish Wdfhound Group Lnb Dog RehomlrvJ Medl¢o1 delectlon (k Motro PrcJuctlon Ltd Mlnl8try of Co1¢rn ¢)Jr D¢g8 OurSkw181 Frfendb UB 6,667 2.292 273 iO.LY 28,612 2.540 1,933 1,250 1.029 40,OLK) 35 40,017 839 1,6S6 10,OCrf) 15.C(() 11,940 119 10,OL 10.CKJO 21,5Q) P.U.P Lar¥xhirt8 We•t 2,300 Raystede W•ifarn Repay Grdnl Saly Ri¢kelts Sccltish Staffor(lsNre Bul Twrfex res 3.641 SavlNa aThJ Rohomlrvj Stray8 Stroetvet Teckel8 Anim81 Sanclugry Th8 Cod(er Sp8ni81 aub The Kennel Club The Law S(Klety The N8tbJnal FJJNlalkm retirwj sthr dc Wa9anin9en LiveSkR8sea[th WAGS retrain polti ¢hgs ukrai Appeal 10.¢XK) 18.201 925 327.010 551,082 240,487 14-
THE KENNEL CLUB CHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (continued) DIRECT CHARrrABLE EXPENDITURE (CONTINUED) Payments from rostrfctsd funds Selentlfic and Research prolect support Intemab'onal Canin8 Health Awards 135 999 145 905 Summary of grants pakl Unrèstrleted: Sci8ntifi¢ and research project suppJt Educational and other grants Totsl unre8trlctod charltablo grants oxpondltur• Rostricted: 663.222 394.620 248.487 551082 911.709 945,702 Sclontlfic and ruearch projoct Support 135,999 145.905 Total grants •xp•ndltur• 1,047.708 1,091,607 3 DONATIONS IN KIND AND SUPPORT COSTS The following donations in kind have accounted for in the Statement of Flnancial Actlvities and wer8 received free of dwrge: The Kennel Club Llmrted provkles Trustees. indemnity insurance at8 Costof £2.500 (2022-£2.500): The K8nnèl Club Limiied provldes supp(xl for marketing, fundralsiThJ and 8dministratlve activhties. estimated at a cost of £71.419 (2022 - £68,206) The charty meets the costs of th8 Independent Examln811on of the annual report, and this amount8d to £3,000 for 2023. There was no cost in prior years as such costs wer8 bome by The Kennel Club Limited. INVESTMENTS Quoted Invutmonts At market value: At 1 January Unr8alis8d gain l(kns) Dispos81 1,948.269 145,278 (630,000) 2,204,627 (256.358) 1,948,269 At 31 December 1,463,547 Historfcal cost at 31 December At 31 December 2023. Investments c(XmPflsed 73.749 Charities Inv8slrn8nt Fund InGome Unts (2022- 107,196). 1087 837 15-
THE KENNEL CLUB CHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (continued) CASH AT BANK AND ON SHORT TERM DEPOSIT The Trusfs cash reserves were invested as follows". 2023 20 Current account wth Barclays Bank Current account with Clydesdale Bank Deposit account vth Metrobank Deposit account with Metrobank At 31 December 277.548 24 148.575 97 334,882 24 148.585 97 483,588 DEBTORS AND ACCRUED INCOME Legacy income r8celvable Bank Interest and investrnent inMme recelvab 242.500 10,127 14.697 252, 14.697
THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (Gontinued) RESTRICTED FUNDS 31 D8oemb8r 2023 Trnns Educational & Oth Intemational Canine Health Awards Ormandy Trust for Bull Terriers Unrealised gains Other Canin8 Actsvities J4T Griffon Bruxellois The National Gundog Assoc Vlr9inMon8y Linnaeus Vet8rinary Klng Charles Spaniel Club Zoos Joumoy The Kennel Club (BOAS) Mason & Davias 153,414 135,999 44.435 27,020 72,453 8.140 36.337 38,422 236,250 3.000 72,453 876 36,337 38,422 236,250 15 70,000 7,000 4,635 66,250 1,000 15 70.000 4.635 66,250 588,185 Totsl 488,871 228.049 7.264 135,999 1 JanLAry exFth 31 0ecwnb•r Educational & Olher Intemational Canlne Health Awards Ormandy Trustfor Bull Térriers Unreallsed galns 29,645 75,030 77.655 27.020 72,453 876 36,337 38,422 236.250 3,000 248 15 7,000 66,250 1,000 72.453 13,694 36,337 38,422 236,250 (12,818) Canine Aclivbties AHT Griffon Bruxdlois The National Gundo9 Assoc Virginmoney King Charles Spaniel Club The Kennel Club (BOAS) 134,51XI Mason & Davi8S 15 68,250 Totsl 572.564 75,030 (12.818) 145,905 488.871 17-
THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (continued) RESTRICTED FUNDS {conlinuod) In 2012 the Trustees of the Omwndy Twst transferred the balance of their fvnds to the Charitable Tnt, to be useli for the benefft of the Bull Terrier and Miniature Bull Terrier breeds. No grants were made from this restricted fund to date, although discuss1c* have been held and await the Klentffjution of anim81s affected by a particular condition. The Charitsble Trust administ8red and awardgd prE8s forscientific researth into the healih of dogs forthe e18venth time in 2023. Funding for these Intemational Canine Health Awards was again provided by Vemon and Shirley Hill Foundation. Awards were made to Allce Diana Franck Forterre Maurice Karani Maura Lyons Douglas Thamm '0th6ff Funds represent rlng fenced breed sp8clfic donatlons and al80 donations made speclfically for appllcations to welfar8 purposes. The balanc85 at 31 December 2023 represent: Irlsh Setters 7.049 Wire Fox Terriers 3,436 English Spnnger Spanlds 1,879 Donations received arKI unspent re the Trusys welfare oblect 6,754 304 BSDTC Dachshund Rescue 1,000 Medical Researth 818 Unreallsed gain on invesbnent STATEMEKf OF FUNDS The followlng list of funds reyesent donations made by external supporters and sponsors who have requested the funds be distributed for specffjK breed led projects. areas wiihln projects as necessary. Intemalional Canlne Health Awards Yeatly sponsor of awards in conjuncllon wth KCCT Ormandy Trust for Bull Terriers To be distributed on projects specific to the breed Unrealised gains Proportion of investrnent portfolio with ragards to restricted funds Other (see Ilst) To be distributed on projects specitlc to breeds listed under 'otherf Canine Activltles To be distslbuted on requests for grants to assist with KC events l knimal Health Trust (AHT) To fund research with Kennel Club Genetics Centre -Griffon Bruxellois To be distribut8d on projects specific to the bree.d "-The National Gundog Assoc To be distributed on projects specific to gundogs Virginmoney Restricted donations via Virgin Just giving ing Chades Spaniel Club To be distributed on projects spécffic to the breed - The Kennel ClubLBOAS).-. Outstandbng amount to a.proj8ct that Is slill ongolng _ , IAason"& Daviès To be distributed on canin8 activities l Linnaeus Veterinary CKCS Syringomy81ia Project "Donthns raised.by this organisati17 are to go to research on Canine Cancer oes OUrneY 18-
THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (contlnuad) 9 ANALYSIS OF ASSEfs AND LIABIUTIES BEfwEEN FUNDS ANALYSIS OF ASSETS AND LIABILMES BETWEEN FUNDS- CURREKf YEAR Unrestslctad Regtrfctod Totsl ,135 491051 1,463,547 678.870 (3,000) Inv8strnents Current assets Cr8ditors 1.367.412 186.819 (3,01} 1,551,231 588,186 2.139,417 ANALYSIS OF ASSETS AND LIABILMES BETWEEN FUNDS- PRIOR YEAR Totsl 88,871 1.948,269 498.285 Investments Current assets Credltors 1.859.398 98.285 1,957,683 488,871 2,446,554 10 CHARITABLE COMMrrMENT8 At the date ofthese financlal statements the TNst has committed, sublectto conditlons to b8fvlfilled by the reclpient organlsatlons. to make the following charltable donatlons: From unrestrlcted Year to 31 December 2024 2025 2026 2027 457,489 444,166 201,662 126.843 1,230,160 These commitiiients are Fyimarity in resped of scienttfic and research project support. 19-
THE KENNEL CLUB CHARITABLETRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023 (conthued) 11 RELATED PARTY TRANSACTIONS Donations re¢8ived from trustees to ts tharity totded £40 per month duTirKJ the year. Apart from transactions with The Kennel Club Limited. as disclowj in these financial ststements, there were no related party transadions. as defined in Financial Reporting Stsndard 102. The Royal Kennel Club supports th8 KCCT by woviding administrative and technical support. Some of Ihe Trustees of KCCT are either senior staff or Directh or fomer Directors or senior staff of The Royal Kennel Club. The Royal K8nn81 Club Limited has al80 in th8 past provid grants to KCCT and was plvotal in the establishment of KCCT. This is Still visible today by virtué of the fact that the KCCT website18 an integral portal ol The Royal Kennel Club and organisations. objectives are comp18mentary. 12 TRUSTEES. AND EMPLOYEE REMUNERATION AND EXPENSES Durlng the fK)Trustees recelved any remuneration (2022. £Nil) in conneGUon wlth their duties during the year. Trustees, exFonses are bom8 by The Kennel Club Limlted. No employee receNed remuneratk)n amounting to more than £60.000 In elther year. The charity has no employees and re118s on support from employees of The Kennel Club Llmited and their salaries and expenses are paid by The Kennel Club Limited in connection wrth tslr duties in relallcAI to the dwty during the year. -20-