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2024-12-31-accounts

THE KENNEL CLUB CHARITABLE TRUST

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

REGISTERED CHARITY NO. 327802

THE KENNEL CLUB CHARITABLE TRUST

REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

CONTENTS

Trustees' Report ................................................................................................................................................... 2 Statement of Trustees' Responsibilities ................................................................................................................ 7 Independent Examiners Report ........................................................................................................................... 8 Statement of Financial Activities ........................................................................................................................... 9 Balance Sheet .................................................................................................................................................... 10 Statement of cash flows.…………………………………………………………………………………………………… 11 Notes to the Financial Statements ...................................................................................................................... 12

THE KENNEL CLUB CHARITABLE TRUST TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2024

Vice-President

Sir John Spurling KCVO OBE is the Trust's Vice-President.

Trustees

The following have been the Trustees throughout the period covered by the attached financial statements (except where stated):

Mrs J Millard - Chair Mr J D Blayney (appointed 16 September 2024) Professor M Herrtage Dr A Higgins (retired 21 June 2024) Mr G Hill Mr Bill Lambert (appointed 21 June 2024) Mrs R Smart (retired 21 June 2024)

Ambassadors

The following have been Ambassadors for the Trust throughout the year (except where stated):

Mr R Morland East Anglia Mr M L Vines Gloucestershire/Avon Mr A R J Morgan South Wales Mr S Jones North Wales Mrs M Hennis Scotland

When called upon, the Ambassadors (like the Trustees) represent the Trust whenever appropriate (for example, ceremonially accepting 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 wider audience, and the reputation of the Trust can be protected.

Administrative support

The following individuals and Teams are employed by The Royal Kennel Club and provide administrative support to the Trustees and the charity.

Secretary to the Trustees - Mrs A Tabrett Grants Administration - Mrs A Tabrett Finance and IT - Staff at The Royal Kennel Club

THE KENNEL CLUB CHARITABLE TRUST TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2024

Administration Details

The Principal Office of the Trust is:

The Kennel Club Limited 10 Clarges Street Piccadilly London W1J 8AB

Registered Charity number: Bankers:

327802

Barclays Bank plc Barnet and Hampstead Business Centre London N20 0WE

Metro Bank plc One Southampton Row London WC1B 5HA

Independent Examiners:

Crowe UK LLP Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Investment Advisors:

CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ

THE KENNEL CLUB CHARITABLE TRUST TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2024

Structure, governance and management

The Kennel Club Charitable Trust is registered as an unincorporated charity with the Charity Commission for England & Wales (Registration No. 327802) and is governed by a Declaration of Trust dated 1 January 2005 and it is managed by the Trustees listed on page 2.

The policy for recruitment of new Trustees is to consider nominations from the existing Trustees and from the Board of The Royal Kennel Club Limited. Induction and training are conducted by encouraging a potential Trustee to attend a “trial” meeting of the Trustees, and by providing 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 the individual is inexperienced in the role of being a Trustee, one-onone training may be provided.

The Trustees receive no remuneration or benefits from their position, but their expenses connected with the Trust are reimbursed by The Royal Kennel Club Limited (see Note 3).

The charity and the Trustees receive administrative support from employees of The Royal Kennel Club as set out on page 2. This support is donated to the charity and disclosed as ‘Donations in kind’ and ‘Costs borne by The Royal Kennel Club’ in the Statement of Financial Activities.

Objectives and activities

The Objectives of the charity can be summarised as being:

  1. To promote the advancement of education and science by furthering research into canine diseases and hereditary disorders of dogs.

  2. To promote the quality of life of human beings by promoting dogs as therapeutic and practical aids to humans.

  3. To promote the relief of suffering of dogs which are in need of care and attention.

These Objects have applied since the foundation of the Trust in 1988. The charity continued to purse these objectives by undertaking the primary activity of reviewing grant applications and awarding grants to third party organisations that advance these objectives.

The activities in 2024 included the following,

Achievement and performance

The Trustees met on four occasions during the year to consider the business of the Trust and the making of grants. Details of all grants made are shown in Note 2 to the financial statements on pages 14 to 15 of this report.

The economic climate has continued to place pressure on donations. The Royal Kennel 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 insurance policy sold during the year. However, The Royal Kennel Club did not make any charitable donations to the charity during the year and has informed the Trustees that it is unlikely to be in a position do so in the short term.

Under the current conditions the Trustees decided to pause their fundraising strategy in 2023 and are considering in consultation with The Royal Kennel Club how best to undertake fundraising activities in the future.

THE KENNEL CLUB CHARITABLE TRUST TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2024

Financial review

The Trust's total outgoings for 2024 were £1,197K (2023 - £1,300K). Of these amounts £1,067K (2023 - £1,048K) represented grants made by the Trust.

Total income was £518K compared with £848K in 2023. Together with a net unrealized/realised gains on the value of investments amounting to £67K (2023 – unrealised gain of £145K).

The net assets of the charity decreased by £613K from £2,139K to £1,526K; in the prior year there was a decrease of £307K.

Financial statements

The accompanying financial statements cover the year ended 31 December 2024.

The Trustees consider that, in the context of the substantial liquid assets available to the charity in the form of cash and investments, the going concern basis on which the accounts are prepared is appropriate and that applicable accounting standards and statements of recommended practice have been followed.

Risks

The Trustees have considered the major risks to which the Trust may be exposed and concluded that raising new funds to allow the charity to make grants is the highest risk. This has proven challenging over recent years due to the economic climate and the lack of funding from The Royal Kennel Club.

The Trustees are concerned that there is no established source of future funding for the charity’s activities and is in consultation with The Royal Kennel Club on how best to tackle this matter.

Investments and Cash Balances

During the year the Trustees reviewed their investment holding and decided to move from an equity-based fund to a cash deposit-based fund still managed by CCLA. This decision was taken since the majority of the charity’s assets are needed to cover grant commitments over the next three to four years and the Trustees decided to trade possible investment growth for reduced risk, liquidity, and more certain returns. Thus, having more certainty that grant commitments can be fully met when they fall due in the future.

The market value of the holdings has increased by a net £67K over the year, due the unrealized/realised

gain in the year of £67K.

CCLA, our investment managers and advisers, have a benchmark of achieving an inflation (RPI) adjusted return of an average of 5% pa over the business cycle (say 5-7 years); and also measure their performance against a composite comparator index.

The Trust's cash balances decreased over the year by £128K (2023 decrease of £57K).

Reserves

The Trust's reserves decreased by £613K (2023: decrease of £307K) to £1,526K. The reserves at 31 December 2024 are as follows:

THE KENNEL CLUB CHARITABLE TRUST TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2024

Grant making policy

All applications are fully considered by the Trustees against specific criteria and with the support of specialist advice where appropriate. The latter includes peer review of substantial scientific applications. Grants are approved by the Trustees collectively. Generally, applications purely for building costs, or requests from individuals or from organisations whose concern is not predominantly with the dog do not receive favourable attention.

The Trust's work is advertised through the Kennel Club website, in the Kennel Club Journal and by direct contact with individuals, societies and universities, as well as in the Directory of Grant Making Trusts and other listings of charities.

Future activities

As noted in the review above future funding for further grants is limited. Therefore, the Trustees are focusing on administering and distributing the commitments made to date.

After many years of a successful funding partnership a public announcement was made in February 2024 by The Royal Kennel Club Limited that it could no longer fund the Canine Genetics Center based at the University of Cambridge. The funding over the term of the partnership from 2019 to 2024 amounts to over £3.9M and was distributed by the charity. The future of the data gathered as part of the Center’s research is the subject of discussions between all interested parties.

The Trustees are now discussing the future opportunities open to the charity with the Board of The Royal Kennel Club Limited with a view to arriving at a sustainable business model that will allow the charity to once again fund future grants which further its charitable objects which are wholly compatible with the current strategy of The Royal Kennel Club Limited.

Public Benefit

The Trustees are fully aware of the Charity Commission's requirements on the subject of public benefit.

The whole purpose of the Trust is to improve the health and welfare of dogs, and to provide healthy and trained canine companions to human beings.

The Trust accepts grant applications across a broad base and within the Objects of the charity. It operates an open process, assessing applications on the basis of credibility of the applicant, the assessed efficiency of the proposed object for support, and the likely ability of the recipient to fund themselves on a continuing basis.

The list of grants in Note 2 to the accounts indicates the institutions supported, and Press Releases expand on some of these case studies.

The Trustees believe that the Trust clearly provides a public benefit, without discrimination, and that each of its Objects incorporates this feature in positive terms.

Thanks

The Trustees wish to thank Sir John Spurling for his encouragement and expertise in his role as VicePresident; the Trust's Ambassadors; all donors and all the recipients of our grants who work for the benefit of dogs and their health and welfare.

On behalf of the Trustees:

Mrs J Millard

Date 14th August 2025

THE KENNEL CLUB CHARITABLE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102.

Charity law requires the trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (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 and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for the period.

In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and regulations made thereunder. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

THE KENNEL CLUB CHARITABLE TRUST

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF

THE KENNEL CLUB CHARITABLE TRUST

Independent Examiner's Report to the Trustees of The Kennel Club Charitable Trust

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity (and its directors 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 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 accounts do not accord with those records; or

  3. the accounts 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed:

Dated:

22 August 2025

Helen Blundell LLB FCA FCIE DChA Crowe UK LLP Black Country House Rounds Green Road Oldbury West Midlands B69 2DG

Date

THE KENNEL CLUB CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024

Notes
INCOME
Donations received
Legacies received
Donations in kind
3
Investment income
EXPENDITURE
Charitable expenditure
Costs borne by the Kennel Club
3
Fundraising
Scientific and Research project
support
2
Other Grants made
Independent examiner fees
Bank charges
Sundry expenses
ICO fees
TOTAL EXPENDITURE
Unrealised gain / (loss) on
investment assets
4
NET (DEFICIT) / SURPLUS FOR
THE YEAR
Fund balances at beginning of
year
Transfer between funds
Fund balances at end of year		 2024
Unrestricted
60,031
55,457
76,137
35,418
227,043
76,137
51,060
399,003
64,932
2,240
266
-
35
593,673
63,420
(303,210)
1,551,233
(99,010)
1,149,013		 2024
Restricted
290,487
-
-
-
290,487
-
-
86,058
517,564
-
-
-
-
603,622
3,338
(309,797)
588,185
99,010
377,398		 2024
Total
350,518
55,457
76,137
35,418
517,530
76,137
51,060
485,061
582,496
2,240
266
-
35
1,197,295
66,758
(613,007)
2,139,418
-
1,526,411		 2023
Total
479,574
242,500
73,919
51,985
847,978
73,919
175,245
663,222
384,486
3,000
129
356
35
1,300,392
145,278
(307,136)
2,446,554
2,139,418

All amounts arise from continuing activities.

All gains and losses in the year are included in the Statement of Financial Activities.

The notes on pages 12 to 20 form part of these accounts.

THE KENNEL CLUB CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 1,463,547
CURRENT ASSETS
Debtors and accrued income 5 4,806 252,627
CCLA Deposit fund 6 1,530,305 -
Cash at bank and on short
term deposit		 6 298,703 426,244
1,833,814 678,871
CURRENT LIABILITIES
Commitments due at year end (304,163) -
Creditors – accrued Independent (3,240) (3,000)
Examination fees
NET CURRENT ASSETS 1,526,411 675,871
NET ASSETS 1,526,411 2,139,418
UNRESTRICTED ACCUMULATED FUND 1,149,013 1,551,233
RESTRICTED FUNDS 7 377,398 588,185
1,526,411 2,139,418

These accounts have been prepared in accordance with the special provisions relating to small entities regime in accordance with the provisions of FRS102 Section 1A - Small Entities.

The notes on pages 12 to 20 form part of these 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: ‘pyc Mrs J Millard

Type text here

THE KENNEL CLUB CHARITABLE TRUST STATEMENT OF CASH FLOWS AT 31 DECEMBER

Notes
Cash outflow from operating activities
A
Cash flow from investing activities
Receipts from sale of investments
Dividends and interest received from investments
Net cash flow generated by investing activities
Change in cash and cash equivalents in year
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents consist of cash at bank and on
short term deposit
A) Reconciliation of net income cash outflow from
operating activities
Net expenditure for year
Net (gain) / loss on investments
Dividends and interest received from investments
(Increase) / Decrease in debtors
Increase / (Decrease) in creditors
Net cash outflow from operating activities
B) Cash and cash equivalents
Bank accounts
CCLA Deposits
Total cash and cash equivalents
C) Analysis of changes in net debt
At 1 January
2024
Cash
426,244
Cash equivalents
-
426,244		 Notes
Cash outflow from operating activities
A
Cash flow from investing activities
Receipts from sale of investments
Dividends and interest received from investments
Net cash flow generated by investing activities
Change in cash and cash equivalents in year
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents consist of cash at bank and on
short term deposit
A) Reconciliation of net income cash outflow from
operating activities
Net expenditure for year
Net (gain) / loss on investments
Dividends and interest received from investments
(Increase) / Decrease in debtors
Increase / (Decrease) in creditors
Net cash outflow from operating activities
B) Cash and cash equivalents
Bank accounts
CCLA Deposits
Total cash and cash equivalents
C) Analysis of changes in net debt
At 1 January
2024
Cash
426,244
Cash equivalents
-
426,244		 2024
£
(162,959)
1,530,305
35,418
1,565,723
1,402,764
426,244
1,829,008
1,829,008
(613,007)
(66,758)
(35,418)
247,821
304,403
(162,959)
298,703
1,530,305
1,829,008
Cash flows
(127,541)
1,530,305		 2023
£
(739,328)
630,000
51,984
681,984
(57,344)
483,588
426,244
426,244
(307,136)
(145,278)
(51,985)
(237,929)
3,000
(739,328)
426,244
-
426,244
At 31
December
2024
298,703
1,530,305
426,244 1,402,764 1,829,008

THE KENNEL CLUB CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024

1 ACCOUNTING POLICIES

(a) Basis of accounting

The entity is a trust established in England at 10 Clarges Street, London W1J 8AB. The financial statements have been prepared in accordance with FRS 102, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland, including the October 2019 amendments.

The 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. This departure has involved following the Charities SORP (FRS 102) published 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 financial statements have been prepared under the historical cost convention. The accounts of the Charity have been prepared on a going concern basis. The Charity meets the definition of a public benefit entity under FRS 102.

A summary of the accounting policies, which have been applied consistently, is set out below.

(b) Critical accounting judgements and estimations

In preparing the financial statements, the trustees are required to make estimates and judgements. The items in the financial statements where these judgments and estimates have been made include:

(c) Donations and legacies

Donations are accounted for as soon as there is an entitlement, and the amount is measurable and receipt probable.

A donation in kind was received during the year from The Kennel Club amounting to £76,137 (2023 £73,919). Donated services are recognised when the benefit to the charity is reasonably quantifiable. The value placed on these resources is the estimated value to the charity of the service received.

(d) Investments and investment income

Investments are included at market value as required by the Statement of Recommended Practice. Unrealised gains or losses on revaluation are included in the Statement of Financial Activities. Investment income is included on an accrual’s basis.

The Trust's investments are represented by units in CCLA's general investment fund. Any charges form part of the movement in the price of those units.

(e) Research project support and grants made

Research project support and grants made are charged to expenditure when performance conditions are met, and payment is approved. Where grants are expected to span more than one-year, subsequent years' awards are subject to conditions (for example, the requirement for progress reports to be presented to the Trustees) and are shown as Commitments (see Note 9).

THE KENNEL CLUB CHARITABLE TRUST

1 ACCOUNTING POLICIES CONTINUED

(f) Employees

There were no employees during the year (2023 - Nil).

(g) Cash and cash equivalents Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of three months, from the date of acquisition, or less and bank overdrafts. All cash and short-term deposits are basic instruments and are measured at amortised cost.

(h) Debtors

Trade and other debtors are recognised at the settlement amount.

(i) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

DIRECT CHARITABLE EXPENDITURE
Payments from unrestricted funds
Scientific and Research Project Support
Royal Veterinary College
University of Cambridge - Vet Compass
University of Oxford
Wellcome Sanger Institute
University of Surrey
University of Edinburgh
University of Liverpool
University Hospitals Birmingham
Sub Total unrestricted funds
Education and other grants
Abused Pet Rescue Project
Awarded 2 U
Battersea Dogs & Cats Home
Border Collie Rescue
BVNA
Committed giving
Delta Stratford
Dogs for good
Douge de Bordeaux Welfare
Friends of West Hatch Rescue
General expenses
Genome Research
German Shorthaired Pointer Rescue
Global Payments
Goodbox
GWD
Hero Dogs
ICHA winners
Irish Wolfhound Health Group
Linbee Dog Rehoming
Medical detection dogs
Metro Production
Miexact Ltd
Niamh & Vesper (Hero Dogs winner)
P.U.P Lancashirte West
Refuge4pets
Rut 005
Scottish Staffordshire Bull Terrier rescue
SSAFA
Staffy Rescue
Saving and Rehoming Strays
Street Vet
Teckels Animal Sanctuary
The Kennel Club
The National Foundation for retired service dogs
WAGS retrained police dogs
Sub Total Educational and other grants		 2024
£
2023
£
27,689
218,105
19,121
502,553
84,214
-
40,000
-
3,995
10,000
5,000
108,548
20,000
20,000
-
3,000
399,003
663,222
-
-
6,667
2,292
40,000
70,000
-
5,000
6,000
6,000
-
273
5,932
-
-
1,000
-
1,933
-
1,250
-
1,029
-
40,000
2,000
-
-
489
-
588
-
1,656
4,000
-
-
-
-
5,000
-
8,000
-
1,000
-
11,940
-
119
5,000
-
-
2,300
-
35,000
2,000
-
-
1,250
-
5,000
-
2,000
-
5,000
-
10,000
-
5,000
-
16,201
-
1,250
-
1,250
64,932
248,487

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

2 DIRECT CHARITABLE EXPENDITURE (CONTINUED)

Payments from restricted funds
Scientific and Research project support
International Canine Health Awards
Animal Health Trust – University of Cambridge Genetics Centre
University of Cambridge - Vet Compass
University of Cambridge BOAS
The Irish Setter
English Springer Spaniel
Summary of grants paid
Unrestricted:
Scientific and research project support
Educational and other grants
Total unrestricted charitable grants expenditure
Restricted:
Scientific and research project support and educational and
other grants
Total grants expenditure		 2024
£
295,157
146,940
86,058
68,967
5,000
1,500
603,622

399,003
64,932		 2024
£
295,157
146,940
86,058
68,967
5,000
1,500
603,622

399,003
64,932
463,935

603,622		 911,709
135,999
1,067,557
1,047,708

During the year grants were made to 20 institutions totaling £874,410 (2023: 36 institutions; totaling £911,709) and 8 individuals totaling £193,147 (2023: 6 individuals: totaling £135,999).

3 DONATIONS IN KIND AND SUPPORT COSTS

The following donations in kind have been accounted for in the Statement of Financial Activities and were received free of charge:

The charity meets the costs of the Independent Examination of the annual report, and this amounted to £3,240 for 2024 (2023 - £2,000).

4 INVESTMENTS

NVESTMENTS
Market value as at 1 January
Disposals
Additions
Unrealised/realised gain
Market value at 31 December		 2024
2023
CIF
CIF
£
£
1,463,547
1,948,269
(1,530,305)
(630,000)
-
-
66,758
145,278
-
1,463,547

At 31 December 2024, investments comprised entirely of a deposit in the CCLA Charities Investment Deposit Fund and this has been classified as current assets. All units held in the CCLA Charities Investment Fund Income Units were disposed of and the proceeds were transferred into the Deposit Fund in December 2024.

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

5
6		 DEBTORS AND ACCRUED INCOME
Legacy income receivable
Bank interest and investment income receivable
CASH AT BANK AND ON SHORT TERM DEPOSIT
The Trust's cash reserves were invested as follows:
Short term deposit
CCLA Deposits
Cash at bank
Current account with Barclays Bank
Current account with Clydesdale Bank
Deposit account with Metrobank
Deposit account with Metrobank
Total

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

7 RESTRICTED FUNDS

At
1 January
2024
Educational & Other
£
International Canine
Health Awards
44,435
Ormandy Trust for
Bull Terriers
72,453
Unrealised gains
8,140
Other
36,337
Canine Activities
38,422
AHT
236,250
Griffon Bruxellois
3,000
The National Gundog Assoc
248
VirginMoney
15
Linnaeus Veterinary
70,000
King Charles Spaniel Club
7,000
Zoes Journey
4,635
The Kennel Club (BOAS)
66,250
Vet Compass
-
The Caring Family
-
Mason & Davies
1,000
Total
588,185
At
1 January
2023
£
Educational & Other
International Canine
Health Awards
27,020
Ormandy Trust for
Bull Terriers
72,453
Unrealised gains
876
Other
36,337
Canine Activities
38,422
AHT
236,250
Griffon Bruxellois
3,000
The National Gundog Assoc
248
VirginMoney
15
Linnaeus Veterinary
-
King Charles Spaniel Club
7,000
Zoes Journey
-
The Kennel Club (BOAS)
66,250
Mason & Davies
1,000
Total
488,871		 Incoming
resources
£
154,429
-
-
-
-
-
-
-
-
-
-
-
-
86,058
50,000
-
290,487
Incoming
resources
£
153,414
70,000
4,635
228,049		 Unrealised
gain on
investment
asset
£
-
-
3,338
-
-
-
-
-
-
-
-
-
-
-
-
-
3,338
Unrealised
loss on
investment
asset
£
7,264
7,264		 Resources
expended
£
295,157
-
-
6,500
-
146,940
-
-
-
-
-
-
68,967
86,058
-
-
603,622
Resources
expended
£
135,999
135,999		 31 December
Transfers
2024
£
£
96,293
-
-
72,453
-
11,478
-
29,837
-
38,422
-
89,310
-
3,000
-
248
-
15
-
70,000
-
7,000
-
4,635
2,717
-
--
-
-
50,000
-
1,000
99,010
377,398
Transfers
31 December
£
2023
44,435
72,453
8,140
36,337
38,422
236,250
3,000
248
15
70,000
7,000
4,635
66,250
1,000
-
588,185

Note on transfers in 2024: the transfer in 2024 of £96,293 relates to the funding of special International Canine Health awards and supporting the delivery of the awards in the year. And the transfer of £2,717 relates to the top up funding on the final BOAS award payment.

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

7 RESTRICTED FUNDS (continued)

In 2012, the Trustees of the Ormandy Trust transferred the balance of their funds to the Charitable Trust, to be used for the benefit of the Bull Terrier and Miniature Bull Terrier breeds. No grants were made from this restricted fund to date, although discussions have been held and await the identification of animals affected by a particular condition.

The Charitable Trust administered and awarded prizes for scientific research into the health of dogs for the eleventh time in 2024. Funding for these International Canine Health Awards was again provided by Vernon and Shirley Hill Foundation. Awards were made to the following individuals.

Ddaniela Jimenez Dr Nicola Mason Simone Ku Cathryn Mellersh

“Other” Funds represent ring fenced breed specific donations and also donations made specifically for applications to welfare purposes. The balances at 31 December 2024 represent:

Irish Setters
Wire Fox Terriers
English Springer Spaniels
Donations received and unspent re the Trust's welfare object
BSDTC
Dachshund Rescue
Medical Research
Unrealised gain on investment		 £
2,049
3,436
379
6,754
304
1,000
618
15,297
29,837

8 STATEMENT OF FUNDS

The following list of funds represent donations made by external supporters and sponsors who have requested the funds be distributed for specific breed led projects, areas within projects as necessary.

International Canine Health Awards Yearly sponsor of awards in conjunction with KCCT
Ormandy Trust for Bull Terriers
To be distributed on projects specific to the breed

Unrealised gains
Proportion of investment portfolio with regards to restricted
funds
Other (see list) To be distributed on projects specific to breeds listed under
‘other’
Canine Activities To be distributed on requests for grants to assist with KC events
Animal Health Trust (AHT)
To fund research with Kennel Club Genetics Centre
Griffon Bruxellois To be distributed on projects specific to the breed
The National Gundog Assoc
To be distributed on projects specific to gundogs

VirginMoney
Restricted donations via Virgin Just giving
King Charles Spaniel Club
To be distributed on projects specific to the breed

The Kennel Club (BOAS)
Outstanding amount to a project that is still ongoing
Mason & Davies
To be distributed on canine activities
Linnaeus Veterinary CKCS Syringomyelia Project
Zoes Journey Donations raised by this organisation are to go to research on
Canine Cancer
VetCompass Donations are used to fund research evidencing canine breed
health using veterinary epidemiological data.
Caring family
Dedicated to improving the lives of women, with children and
domestic abuse.

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024 (continued)

9 ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS

ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS – CURRENT YEAR

Unrestricted
£
Deposit funds
1,430,832
Cash at bank
20,778
Debtors 4,806
Creditors
(307,403)
1,149,013		 Restricted
£
99,473
277,925
-
-
377,398		 Total
£
1,530,305
298,703
4,806
(307,403)
1,526,411

ANALYSIS OF ASSETS AND LIABILITIES BETWEEN FUNDS – PRIOR YEAR

Unrestricted
£
Investments
1,367,412
Current assets
186,819
Creditors
(3,000)
1,551,231		 Restricted
£
96,135
492,051
-
588,186		 Total
£
1,463,547
678,870
(3,000)
2,139,417

10 CHARITABLE COMMITMENTS

At the date of these financial statements the Trust has committed, subject to conditions to be fulfilled by the recipient organisations, to make the following charitable donations:

From unrestricted
funds
£
Year to 31 December
2025 216,001
2026 231,846
2027 70,000
2028 121,281
639,128

These commitments are primarily in respect of scientific and research project support.

THE KENNEL CLUB CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 (continued)

11 RELATED PARTY TRANSACTIONS

Donations received from trustees to the charity totaled £40 per month until March 2024.

Apart from transactions with The Royal Kennel Club Limited, as disclosed in these financial statements, there were no related party transactions, as defined in Financial Reporting Standard 102.

The Royal Kennel Club supports the KCCT by providing administrative and technical support. Some of the Trustees of KCCT are either senior staff or Directors or former Directors or senior staff of The Royal Kennel Club.

The Royal Kennel Club Limited has also in the past provided grants to KCCT and was pivotal in the establishment of KCCT.

This is still visible today by virtue of the fact that the KCCT website is an integral portal of The Royal Kennel Club and both organisations’ objectives are complementary.

12 TRUSTEES’ AND EMPLOYEE REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2023 - £Nil) in connection with their duties during the year. Trustees' expenses are borne by The Royal Kennel Club Limited.

No employee received remuneration amounting to more than £60,000 in either year.

The charity has no employees and relies on support from employees of The Royal Kennel Club Limited and their salaries and expenses are paid by The Royal Kennel Club Limited in connection with their duties in relation to the charity during the year.