REGISTERED CHARrrY NUMBER: 509784 LEICESTER ANIMAL RESCUE Unaudlted Flnanclal Statements for the Year Ended 31 December 2023 for Lelcester Anlmal Rescue The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way l¥leridian Business Park Lelcester Leicestershlre LE19 1WP
Lelcester Anlmal Rescue CbNtents of the Financfal Statements for the Year Ended 31 December 2023 Page Reference and Admlntstratlve Detalls Report of the Trustees Independent Examlner's Report Ststement of Flnanclal Actlvltles Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement 10 klotes to the Flnancfal Statements 11 to 21 Detalled Statement of Flnanclal Actlvltles 22 to 23
Lelcester Anlmal Rescue eference and Admlnlstratlve Details for the Year Ended 31 December 2023 TRUSTEES Mrs D Crick Mrs P A McNelll Mrs J J Wallls MANAGEMENT COMMITfEE Mrs D Crick {Cha1rperson) Mrs P A McNelll Mrs J V Randon Mrs J J Wallls Mrs C M Wlgg Miss J M Newman Mrs T Bennett PRINCIPAL ADDRESS 53 Llnden Drive Evlngton Lelcester LE5 6AJ REGISTERED CHARITY NUMBER 509784 INDEPENDENT EXAMINER The Rowleys Partnership Ltd Chartered Accountants Charnwood House Harcourt Way Meridlan Buslness Park Lelcester Lelcestershlre LE19 1WP INVESTMENT ADVISORS Andrew Bourne & Co IFA Ltd Regent House 1 Stoughton Road Oadby Lelcester LE2 4DS BANKERS HSBC Bank plc 11 Hinckley Road Leicester LE3 OLG SOLICITORS HCB Sollcitors Belvoir Chambers 17 Bowling Green Street Leicester LE1 6AS Page 1
Lelcester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2023 The trustees present their report wlth the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provfslons of Accounting and Reporting by Charities: Staternent of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) (effectlve 1 January 2019). The flnanclal statements have been prepared in accordance wlth the accountlng policies set out In notes to the accounts and comply with the charltys governlng document, the Charitles Act 2011 and Accountfng and Reportlng by Charltles: Statement of Recommended Practlce appllcable to charltles preparlng their accounts In accordance wlth the Flnanclal Reportlng Standard applicable In the UK and Republlc of Ireland publlshed In October 2019. OBJECTIVES AND ACTIVITIES Objectlves and alms The objects of the charlty a the care and protection of stray and unwanted animals, the relief of pain and suffering and slckness among anlmals and the prevention of cruelty to animals. Publlc beneflt The whole ethos of Lelcester Animal Rescue actlvlties TS on a charltable basls of beneflt to the general publlc, mainly coverlng the Clty of Leicester and County of Lelcestershlre. The shelter takes In dogs and cats from all sectlons of the communlty and re-homes wlthln the area and also nelghbouring countles. The shelter provldes employment by engaglng staff from the local area. We recefve generous support from a broad sectlon of the local communlty. Our charlty Shop, based in the Inner city area, provldes reasonably priced, good quality Items to this poorer communlty. We have operated the charfty shop from these premlses for 50 years and the customers, malnly local res1dents, greatly value and have come to rely on the wlde range of goods we have for sale. All our stock is donated by the public for the sole purpose of asslstln8 our charlty to ralse sufflclent funds to run the anlmal shelter. In plannlng our actlvltles for the year we kept In mlnd the Charlty Commisslon guldance on publlc beneflt at our trustees meetlng. ACHIEVEMENT AND PERFORMANCE Investment performance The Charity has Invested overall In total £616,599 through Brewln and Dolphln of which £585,066 was invested In listed Investments. The trustees have unrestrlcted powers of Investment. Under the Trust Deed, the trustees are empowered to invest In a wide range of investments Including land. The trustees conslder that the investments are soundly based in government securft1es and blue chip stocks wlth the objective of Investing for Income and the prospect of longer.term capital growth. Thelr attltude to risk fs medium to low and thls definltion is applied by the charlty's investment managers in undertakfng their review and management of the portfolio. Page 2
Lefcester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2023 ACHIEVEMEtrrf AND PERFORMANCE Falnvlnds Shelter Durlng the year 84 dogs and 238 catslkitten5 were re-homed via our "Falrwinds Animal Shelterf. Also returned 8 stray dogs and 12 cats to thelr owners. Followlng adoption, 7 were returned to the shelter within a very short tlme, due malnly to the owners belng unable to give the dogs a chance to settle down In thelr new environment. These canines were re-homed wlthin the year and settled down to a secure Ilfe with more patlent new owners. Our policy conttnued to have all dogs and cats castratedlsprayed, vaccinated and mlcro-chlpped prlor to adoption. Many dogs are now chipped when they come to us, In accordance wlth the law. When the dally routlnes have been carrled out. as much tlme as possible Is dedlcated to exerclslng and tralnlng the canlnes to Improve thelr behavlour and lead to them golng to new homes more swlftly. The senfor staff take some of the dogs off.slte to enable them to encounter every-day sltuatlons - trafflc, other pets belng walked, etc. New owners have an opportunity to attend further training sessions at the shelter with our staff. During the year we contlnued to re-home wlthln our adoptlon areas of Lelcestershire, Northants, Llncolnshlre and Warwlckshlre. We advertlse weekly in our local press and the webslte Is beneficial In obtaining prospectfve new owners. Our shelter staff and volunteers achleved a successful year In running the shelter to the hlgh standard and efflclency we requlre, partlcularly In such difflcult times. Homes for dogs are always vlslted by our staff prlor to the adopt1on process. Falrwlnds Anlmal Shelter Internal decoration of all three buildings was carrled out during JanuarylFebruary 2023. It is a vast Improvement as It has been many years slnce wallslpalntwork have been done. Durlng the summer, a new brlck-bullt buildlng wa5 constructed to house a kennel isolatlon unltlfood storelcattery 1501atlon unlt. Thls bulldlng brought together wooden unlts on varlous places wlthln the slte, that were put up when we opened 'Falrwlnds' In 2000. They were all run down and constantly chewed by vermln a conslderable problem to us wlth food etc. storedlused In the buildlngs. The new unlt opened In October and Is operatln8 very successfully. We contlnue our pollcy to update and renew equlpment, flxtures and flttlngs etc. as necessary. Charlty Shop The charlty shop bulldlng dates from 1885, has been owned by Leicester Anlmal Rescue Since 1985 and was modernlsed In 1990. We operate the Shop from the ground floor only. Floors one and two were converted Into flats In 1990 and are occupled by tenants, dealt with by our letting agents. The income being beneficlal to Leicester Anlmal Rescue. The admlnlstration and running of the shop is entirely carried out by volunteers. The Trustees are also grateful to the loyal supporters who provide donated goods for the shop on a regular basls. We have a website page dedicated to the shop - appeallng for donated goods and volunteers to help in the shop. We contlnue to experfence great difficulty In recrultlng new helpers and this Is havlng a severe effect on the runnlng of the shop. Our small team achieve quite a task to keep the shop running and open and we much appreclate their commitment. Page 3
Lelcester Animal Rescue Report of the Trustees for the Year Ended 31 December 2023 FINANCIAL REVIEW Flnanclal position The Statement of Financial Activities shows net movement for the year of E67,408 deflcft (2022: £221,019 deficit) wfith reserves standing at £1,393,017 (2022: £1,460,425). The trustees consider that there are adequate reseryes avallable to support the contlnuation of the charity. Legacy income Increased during the year of £63,500 (2022: £10,551 >. The trustees acknowledge that the legacies Income can not be guaranteed and the reserves are utilised to meet the ongoing costs of the charfty. Reserves po11cy Reserves at the year end were £1,393,017 (2022: £1,460,425) whlch Includes £180,852 {2022: £208,824) relatlng to revaluatlon of the Investment propertles. A f1gure of £282,56412022: £275,611) relates to net current assets. The trustees vlew thls level as necessary for the charity to contlnue fulfllllng its objectives should any income generatlng actlvlties be temporarlly curtailed. The charity would not wlsh the reserves to fall below É200,000 whlch Is approximately 6 months of runnlng costs. The policy of the charity is to also contlnue to build the reserves so that they are avallable to further develop the objects of the charlty when requlred. Both the charfty shop premlses and "Falrwlnds Anlmal Shelterf property are essential to the exlstence of the charlty. Portlons of both premlses also provide essential revenue from the rental of the two flats and bungalow whllst the anlmal shelter could not operate without a full-tlme manager Ilving on sfte. FirruRE PLANS There remain some floorlng areas In the catterylofflce whlch need attentlon havlng been in use for over 24 years. Durlng the year, Mr M Goodrich, a retired energy consultant, kindly offered to carry out a review of our electrlcal Installatlons, to update to a more cost effectlve and eco-frlendly system of heatlng the three maln bulldlngs, l.e solar panels and heat pumps. At the year end, Mr Goodrlch was selectlng companles wlthln thls fleld to quote for carrylng out the Installatlon work, and reportlng to the trustee5. At renewal of our contact wlth E-ON In October 2022, the unlt prlces trebled, as wlth any suppller. Thls Increase in costs has been of severe concern to the Trustees. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document Lelcester Anlmal Rescue Is constltuted under a trust deed dated 17 October 1977 and registered wfth the Charity Cornmisslon under charity nurnber 509784. The trust deed was amended on 14 January 27. Leicester Anlmal Rescue is also known a5 Animal Rescue and LARC. Freehold land and bulldings tltle deeds are held ln the name5 of Mrs P A McNeill, Mrs D Crick and Mrs J J Wallls. Recrultment and appolntment of new trustees The trustees who have served during the year and since the year end are set out on page 1. Trustees are appolnted by the trustees and management commlttee and serve for three years after whlch they must retire. Trustees may stand for re-election at the end of the three year term. Page 4
Lelcester Animal Rescue Report of the Trustees for the Year Ended 31 December 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Organlsatlonal strurture management committee overseas the operation of the charfty. A full-tlme pald manager has resw>nsibility for the day to day runnlng of "FalrwSnds Animal Shelter, together wlth the mlnlmum paid staff needed to care for the volume of dogslcats In the shelter. We also have a team of volunteers carryfn8 Out some duties at the shelter. A team of volunteers run the charfty shop on a rota basls. We are very grateful to all our volunteers for thelr commitment and support durln8 the year. Inductlon and trafnlng of new trustees Trustees are made aware of thelr responslbllltles at the tlme of appolntment and kept abreast of change5 In charlty law and any matters affectln8 the governance and assets of the Char1ty. Approved by order of the board of trustees on behalf by: ..g.(.Ik.. Hhf..£u2 and slgned on its Airs D Crlck - Trustee Page 5
Independent Examiner's Report to the Trustees of Lelcester Anlmal Rescue Independent examinerfs report to the trustees of Lelcester Animal Rescue I report to the charity trustees on my examfnation of the accounts of Lelcester Animal Rescue Ithe Trust) for the year ended 31 December 2023. Re5ponsibllitles and basis of report As the charity trustees of the Trust you are responsible for the preparatlon of the account5 In accordance wlth the requirements of the Charftle5 Act 2011 (the Act.). I report in respect of my examlnatlon of the Trust's accounts carried out under Sectlon 145 of the Act and In carrylng out my examination I have followed all appllcable Directions given by the Charlty Commlsslon under Sectlon 145{51(b) of the Act. Independent examlner's ststement I have completed my examlnation. I confirm that no material matters have come to my attentlon In connection th the examlnatlon glvlng me cause to belleve that In any material respect: accountin8 records were not kept In respect of the Trust as required by Section 130 of the Act" or the accounts do not accord wlth those records. or the accounts do not comply wfth the appllcable requlrements conceming the form and content of accounts set out In the Charltles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts sive a true and falr view which Is not a matter considered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connectlon with the examlnatlon to wh1ch attention should be drawn In th15 report In order to enable a proper understandlng of the accounts to be reached. L G Parkes FCA FCCA The Rowleys Partnershlp Ltd Chartered Accountants Charnwood House Harcourt Way hleridlan Business Park Lelcester Lelcestershire LE19 1WP SÈ Date: Page 6
Lelcester Anfmal Rescue Statement of Flnanclal Actlvlties for the Year Ended 31 December 2023 2023 Unrestricted funds 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 81,628 37,613 Charltable actlvltles Animal sales 25,675 27,808 Other trading actlvftles Investment Income 68,907 66,379 Total 212 362 174 018 EXPENDITURE ON Ralsing funds 26,665 21,233 Charltable actlvltles Anlmal shelter 277 545 265 345 Total 286 578 Net 8alnsl{lossesl on Investments NEf INCOMEI{EXPENDITURE) (67,408) 1221,019) RECONCILIATION OF FUNDS Total funds brought forward 1,460,425 1,681,444 TOTAL FUNDS CARRIED FORWARD 1 393 017 1 460 425 The notes form part of these financlal statements Page 7
Lelcester Anlmal Rescue Balance Sheet 31 December 2023 2023 Unrestricted funds 2022 Total funds Notes FIXED ASSErs Tangible asset5 Investments Investments Investment property 14 382,624 320,536 15 16 585,066 142 763 721,515 142 763 1,110,453 1,184,814 CURREtr¥f ASSErs Stocks Debtors Cash at bank 17 18 2,457 77,816 213 190 2,009 11,122 269 902 293,463 283,033 CREDITORS Amounts falllng due wlthln one year 19 (10,899) (7,422> NET CURRENT ASSEfs 282 564 275 611 TOTAL ASSETS LESS CURRENT LIABILITIES 1,393,017 1,460,425 NEf ASSErs 1 393 017 1 460 425 FUNDS Unrestrlcted funds 20 1 393 017 1460 425 TOTAL FUNDS 1 393 017 1460 425 The financlal statements were approved by the Board of Trustees and authorlsed for Issue on and were slgned on Its behalf by: P A hlcNeill - Trustee The notes form part of these financlal statements Page 8
Leicester Animal Rescue Cash Flow Statement for the Year Ended 31 December 2023 2023 2022 Notes Cash flows from operatlng actlvltles Cash generated from operations 139 505) 54 356) Net cash used In operatlng actlvltles 139 505) Cash flows from Investln8 actlvltles Purchase of tanglble flxed assets Purchase of flxed asset Investments Sale of fixed asset Investments Interest recelved (88,238) (24,099) 184,988 (22,524) (180,445) 28,960 Net cash provlded byl(used inl Investing activitles 160 823) Change In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at th• be8lnnln8 of the reportln8 perlod (56,712) {215,179) 269 902 485 081 Cash and cash equlvalents at the end of the reportlnq perlod 213 190 269 902 The notes form part of these flnancial statements Page 9
Lelcester Animal Rescue Notes to the Cash Flow Statement for the Year Ended 31 December 2023 RECONCILIATION OF NEf EXPENDITURE TO NEf CASH FLOW FROM OPERATING ACTivrriES 2023 2022 Net expendfture for the reportin8 perlod (as per the Statement of Flnanclal Actmtles) Adjustments for: Depreciatfon charges (Gain)Ilosses on investments L05s on dlsposal of flxed assets Interest recelved Impalnnent reversal Increase In stocks (Increase)Idecrease In debtors Increase In credltors (67.408) (221,019) 26,150 (2,587) 23,502 27,972 90,764 (13.186) (10,142) (21,853) {448} (66,694) (1,015) 38,310 316 Net cash used In operatlons 139 505) 54 356) ANALYSIS OF CHANGES IN NEf FUNDS Atl,1.23 Cash flow At 31.12.23 Net cash Cash at bank 269 902 56 712) 269 902 56 712 213 190 Total 269 902 56 712) 213 190 The notes form part of these flnancial statements Page 10
Leicester Animal Rescue Notes to the Flnancial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparlng the flnanclal statements The financial statements of the charity, whlch Is a public benefit entity under FRS 102. have been prepared In accordance wlth the Charltles SORP (FRS 102) 'Accountlng and Reportlng by Charitles: Statement of Recommended Practice appllcable to charltle5 preparlng their accounts In accordance wfth the Flnanclal Reportlng Standard appllcable fn the UK and Republic of Ireland (FRS 102) leffectlve 1 January 20191,, Flnancial Reportlng Standard 102 The Financial Reportlng Standard appllcable In the UK and Republlc of Ireland. and the Charitles Act 2011. The flnancial statements have been prepared under the hlstorical cost conventlon, wlth the exceptfon of Investments which are Included at market value, as modifled by the revaluation of certaln assets. Leicester Anlmal Rescue Is an unlncorporated charlty registered In England and Wales. The addres5 of the charfty Is glven In the charlty Infonnatlon on page 1 of these flnanclal statements. Income All income is recognised ln the Statement of Financial Actlvlties once the charity has entltlement to the funds, it Is probable that the income will be recelved and the amount can be measured reliably. For donatlon5 to be recogn15ed the charity wlll have been notified of the amounts and the settlement date In wr1tlng. If there are conditlons attached to the donat1on and thi5 requires level of performance before entltlement can be obtalned then income fs deferred untll those conditions are fully met or the fulfllment of those conditions Is wlthin the control of the charity and It is probable that they wlll be fulfllled. No amount is Included In the financial staternents for volunteer time In Ilne wlth the SORP IFRS 1021. Volunteers are used by the charlty to run the charlty's shop with respect to collectlng the donated items and runnlng the shop. Also, volunteers carry out certaln duties at the shelter. Further detall Is glven In the Trustees. Annual Report. For legacles, ent1tlernent Is the earller of the charlty belng notlfled of an Impendlng dTStrlbutlon or the legacy beln8 recelved. At thls polnt Income Is recognlsed. On occaslon lesacles wlll be notlfled to the charlty however It Is not posslble to measure the amount expected to be dlstrfbuted. On these occaslons, the legacy Is treated as a contlngent asset and dlsclosed. Income from charltable actlvltles Includes Income from the sale of anlmals which Is recognlsed when the anlmal 15 dellvered and monles are recelved. Investment Income Is earned through holding asset5 for investment purposes such as shares and property. It Include5 dlvldends, Interest and rent. Where it Is not practicable to Identlfy investment management costs incurred wlthln a scheme th reasonable accuracy the investment income Is reported net of these costs. It is included when the amount can be measured reliably. Interest income Is recognised using the effective interest method and dlvidend and rent income Is recognlsed as the charfty's rlght to recelve payment is establlshed. The charfty recelved government grants In respect of Covid 19 support. Income from government and other grants are recognised at fair value when the charlty has entltlement after any perforniance condltion5 have been met, It Is probable that the income wlll be recelved and the amount can be measured rellably. If entitlement is not met then these amounts are deferred. Other tradlng actlvltles fncludes Income from shop sales which are recognlsed when the goods are sold, together wlth fund raising and other Income whlch are recognised when received. Page11 contlnued..
Lelcester Anlmal Rescue Notes to the Financlal Statements - continued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - contlnued Income All stock sold In the charity shop Is donated for resale. It Is impractlcable to falr value the goods received as these are high ln volume and low In value. No value Is placed on donated stocks of goods unsold at the year end. Expendlture Llabilltles are recognlsed as expenditure as soon as there Is a legal or constructive obllgation commlttfng the charlty to that expenditure, it Is probable that a transfer of economlc beneflts wlll be requlred In settlement and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accruals basls and ha5 been classlfled under headlngs that aggregate all cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs they have been allocated to actlvltles on a basls conslstent wlth the use of resources. Expendlture Is classlfled under the followlng activity headlngs: Raising funds comprlses the costs assoclated with attractlng voluntary income and the costs of trading for fundrai51ng purposes including the charfty's shop and rental income. Charltable expendlture comprlses those costs Incurred by the charity In furtherance of the charltls objectives relatlng to the upkeep and contlnued exlstence of the kennelslcattery, It Includes both costs that can be allocated dlrectly to such actlvltles and those costs of an Ind1rect nature necessary to support them includlng governance costs. Grants offered subject to condltlons whlch have not been met at the year end date are noted as a commltment but not accrued as expendlture. Tanglble flxed assets Depreclatlon Is provlded at the followlng annual rates in order to wrfte off each asset over its estlmated useful 11fe. Freehold property Cattery and kennels Flxtures and flttlngs Motor vehlcle5 at varylng rates on cost 5% on cost Stralght Ilne over 5 or 10 years 25% on cost Tanglble flxed assets costlng below £500 are not capltallsed and are treated as revenue expendlture In the year of purchase. Investrnent property Investment properties for whlch falr value can be measured reliably wlthout undue cost or effort are measured at fair value at each reporting date wfth changes In fa1r value recogn15ed In 'net gains l (losses) on Investments. In the SOFA. Stocks Stocks of consumable items used by the charity are valued at cost. Provislon is made for damaged and obsolete stock where approprlate. Taxatlon The chadty is exempt from tax on its charltable activitles. Page 12 contlnued...
Lelcester Anlmal Rescue Notes to the Financial Statements - contlnued for the Year Ended 31 December 2023 ACCOUNTING POLICIES - contlnued Fund accountlng Unrestricted funds can be used In accordance with the charltable objectlves at the d75cretion of the trustees. Restricted funds can only be used for partlcular restricted purposes thIn the objects of the charity. Restrictlons arfse when speclfled by the donor or when funds are ralsed for partlcular restrlcted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the notes to the flnandal Statements. Penslon costs and other post-retlrement beneflts The charity operates a deflned contrlbutlon penslon scheme. Contrlbutlons payable to the Charits pension scheme are charged to the Statement of Flnanclal Actlvlties in the perlod to whlch they relate. Debtors and credltors recelvablelpayable wlthln one year Debtor5 and cred1tors wlth no stated Interest rate and recelvable or payable wlthln one year are recorded at transactlon prfce. Any losses ar151ng from Impa1rment are recognised In expendlture. Cash at bank and In hand Cash at bank and In hand Includes cash In hand and monles on short term deposlts at the bank. Goln8 concern The flnancial statement5 have been prepared on a golng concern basls as the trustees believe that no materlal uncertalntles exlst. The trustees have consldered the level of funds held and the expected level of Income and expendlture for 12 months from authorlslng these flnanclal Statements. The budgeted Income and expendlture Is sufflclent wlth the level of reserves for the charlty to be able to contlnue as a golng concern. Investment5 Investments are recognlsed Inltlally at falr value which Is normally the transaction price excluding tran5actlon costs. Subsequentlyj they are rneasured at falr value wlth changes recognlsed In 'net galns l (losses) on Investments, In the SOFA If the shares are publlcly traded or thelr falr value can otherNlse be measured reliably. Page 13 continued...
Lelcester Anlmal Rescue lotes to the Financlal Statements - continued for the Year Ended 31 December 2023 DONATIONS AND LEGACIES 2023 2022 Donations Legacfes 18,128 26.662 81,628 OTHER TRADING ACTIVITIES 2023 2022 Shop Income Prfze draw 53,391 59,965 INVESTMENT INCOME 2023 2022 Rents recelved Dlvldend Income Deposlt account interest 15,330 10,680 15,025 14,007 INCOME FROM CHARITABLE ACTivrriES 2023 2022 Anlmal re-homlng sales Page 14 contlnued...
Lelcester Anfmal Rescue Notes to the Financlal Statements - continued for the Year Ended 31 December 2023 RAISING FUNDS Other trading actlvltles 2023 2022 Premlses costs Insurance Telephone Property management fees Other expenses Advertlslng Depreclatlon 13,839 555 332 1,422 4,885 3,108 7,269 601 445 4,709 5,401 CHARITABLE AcfiviTIES COSTS Dlrect Costs (see note 8) Support costs (see note 10) Totals Anlmal shelter 233 200 DIREcf COSTS OF CHARITABLE ACTIVITIES 2023 2022 Vets fees Anlmal food and consumables 35,657 38,663 GRANTS PAYABLE 2023 2022 Anlmal shelter Grant pald to Lelcester Wlldllfe Hospital. Page15 contlnued,..
Lefcester Animal Rescue Notes to the Financlal Statements - contlnued for the Year Ended 31 December 2023 10. SUPPORT COSTS 2023 2022 Anlmal shelter management and support costs Salarles Social securlty costs Penslon costs Premlses costs Depreclatlon Insurance Advertlslng 130,566 113,281 5,007 3,577 3,921 3,490 31,320 32,643 23,626 20,974 1,566 1,510 1,106 1,322 r 11 Telephone Motor running costs Rates and water Postage and stationery Accountancy fees Independent examlnatlon fees Legal and professlonal fees Other expenses Management portfollo fees 1,742 8,173 4,397 2,751 2,030 2,750 2,881 4,425 6,939 1,129 6,103 2,467 2,035 1,768 2,650 6,318 3,420 7,133 233 200 209 820 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneratlon or other beneflts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Truste•s' expenses There were no trustees. expenses pald for the year ended 31 December 2023 nor for the year ended 310ecember 2022. 12. STAFF COSTS 2023 2022 Wages and salaries Soclal securlty costs Other penslon costs 130,566 5,007 113,Z81 3,577 139494 120 348 The average monthly number of employees durlng the year was as follows: 2023 2022 Shop & admin staff Page 16 continued...
Lelcester Anfmal Rescue Notes to the Financlal Statements - contlnued for the Year Ended 31 December 2023 12. STAFF COSTS - contlnued No employees received emoluments in excess of £60,000. 13. AMOUNTS PAYABLE TO INDEPENDENT EXAMINER The amount payable to the Independent examlner for the Independent examination Is £2,750 {2022: £2,650) and £2,030 (2022: £1,768) for other accountancy services. 14. TANGIBLE FIXED ASSErs Cattery and kennels Fixtures and fittlngs Freehold property Motor vehlcles Totals COST At 1 January 2023 Addltlons 277,685 445,489 34,207 27,456 784,837 At 31 December 2023 277 685 873 075 DEPRECIATION At 1 January 2023 Charge for year 79,806 334,430 32,584 541 17,481 464,301 At 310ecember 2023 350 854 490 451 NET BOOK VALUE At 31 December 2023 192 019 182 873 382 624 At 31 December 2022 197 879 111 059 320 536 The charity revalued the charity shop included In the freehold land and buildlngs on 1 January 2016 at £68,0(X) based on a valuatlon carrled out by P G Tew FRICS, RICS reglstered valuer, on 31 December 2014, uslng both the marketlng and investment approach to determlne the falr value. The charity took advantage of the provlslons of FRS 102 to use the falr value at 1 January 2016 to be the deemed cost of the charlty shop at the date of transltion. The charlty shop, Included at valuation vAthln freehold land and bulld1ngs, has a hlstorical cost of £25,50412022: £25,504) less accumulated depredatlon of £17,78712022: £17,126). The value attrlbuted to land thfin freehold land and bulldln8s15 £50,(M)0 (2022: £50,CK)O). Freehold land and bulldings tltle deed5 are held ln the names of Mrs P A McNelll, Mrs D Crick and Mrs J J Wallls. Page 17 continued...
Lelcester Animal Rescue Notes to the Financlal Statements - contlnued for the Year Ended 31 December 2023 15. FIXED ASSEf INVESTMENTS Llsted investments MARKtr VALUE At 1 January 2023 Additions Dlsposals 802,002 24,099 184 988) At 31 December 2023 641 113 PROVISIONS At 1 January 2023 Reversal of impalrments 80,487 At 31 December 2023 NEf BOOK VALUE At 31 December 2023 585 066 At 31 December 2022 721 515 Investments Include those both held Inslde and outslde of the UK and are managed by Brewln and Dolphln. Above Investments are held a5 follows: 2023 UK Bonds Overseas Bonds UK Equltles North Amerlcan Equltes Japanese Equltles Asla Paclflc Equltles Absolute Return Property Commodltles European equities Cash 47,884 210,277 50,941 84,286 8,404 13,982 69,908 22,044 17,981 19,859 Llsted Investment at cost 2023 Cost values of Investments 616 599 Page 18 contlnued...
Lelcester Animal Rescue Notes to the Flnanclal Statements - continued for the Year Ended 31 December 2023 16. INVESTMENT PROPERTY FAIR VALUE At 1 January 2023 and 31 December 2023 142 763 NET BOOK VALUE At 31 December 2023 142 763 At 31 December 2022 142 763 Investment propertles cornprfse two flats which are let to thlrd parties. The last full external valuation of the Investment properties was carried out by P G Tew FRICS, RICS reglstered valuer on 31 December 2020 at a valuatlon of £142,763, uslng the marketing and Investment approach to determlne the fafr value. Investment propertles under the hlstorlcal cost basis would have been Included at cost of £41,918 {2022: £41,918). 17. STOCKS 2023 2022 Stocks 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayment5 Accrued Income 8,513 3,216 3,280 Page 19 continued...
Lelcester Animal Rescue Notes to the Flnanclal Statements - contlnued for the Year Ended 31 December 2023 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals and deferred Income 20. MOVEMENT IN FUNDS Net movement in fund5 At 31.12.23 Atl.1.23 Unrestrlcted funds General fund Revaluatlon reserve 1,279,573 180 852 (69,995) 1,209,578 183 439 1 393 017 TOTAL FUNDS 1 393 017 Net movement In fund5, Included in the above are as foll0v. Resources expended Incomlng resources Galns and Movement losses in funds Unrestrlcted funds General fund Revaluatlon reserve 210,373 (280,368) (69,995) 210 373 280 368 67 4081 TOTAL FUNDS 210 373 280 368) 67,408) Comparatlves for movement In funds Net movement ln fund5 At 31.12.22 At1.1.22 Unre5trlcted fund5 General fund Revaluatlon resenie 1,472,620 1193,047) 1,279,573 180 852 1460 425 TOTAL FUNDS 221 019) 1 460 425 Page 20 continued...
. Leicester Anlmal Rescue 'Notss to the Financial Statements - contlnued for the Year Ended 31 December 2023 20. MOVEMENT IN FUNDS - contlnued Comparative net movement In funds, included In the above are as follows: Incomfng Resources resources expended Galns and 1055es Movement In fund5 Unrestrlcted funds General fund Revaluatlon resenie 174,018 (367,065) (193,047) 27 972) 174 018 367 065) 27 972) 221019) TOTAL FUNDS 174 018 367,065) 21. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 December 2023. Page 21
Leicester Anfimal Rescue betalled Statement of Flnandal Activitles for the Year Ended 31 December 2023 2023 2022 INCOME AND ENDOWMEKrs Donatlons and le8acle5 Donatlons Legacle5 18,128 26,662 81,628 37,613 Other tradlng actlvltle5 Shop Income Prlze draw 53,391 59,965 68,907 66,379 Investment Income Rents recelved Dlvldend Income Deposlt account Interest 15,330 10,680 15,025 14,iJ)7 34,163 42,218 Charltable actlvltles Anlmal re-homlng sales Totsl Incomln8 resources 212,362 174,018 EXPENDITURE Oth•r tradln8 actlvltles Premlses costs Insurance Telephone Property management fees Other expenses Advertlslng Depreclation of tanglble fixed assets 13,839 555 332 1,422 4,885 3,108 7,269 601 280 445 4,709 5,401 26,665 21,233 Charltable actlvltles Vets fees Animal food and consumables Grants to instltutions 35,657 8,688 38,663 11,862 44,345 55,525 This page does rhot form part of the statutory financlal statements Page 22
Leicester Anlmal Rescue Deled Statement of Flnancyal Actlvltles for the Year Ended 31 December 2023 2023 2022 Support costs Human resources Wages S(Klal securlty Penslons 130,566 5,007 113,281 3,577 139,494 120,348 Other Rates and water Insurance Premises costs Telephone Postage and statlonery Other expenses Advertlslng Motor runnlng costs Accountancy fees Independent exarnlnatlon fees Legal and professlonal fees Depreciatlon of tanglble fixed assets Impalrment (gains)Ilosses - 11sted investments 4,397 1,566 31,320 1,742 2,751 4,425 1,106 8,173 2,030 2,750 2,881 23,626 21853) 2,467 1,510 32,643 1,129 2,035 3,420 1,322 6,103 1,768 2,650 6,318 20,974 64,914 162,826 Governance costs Management portfollo fees Total resources expended 282 357 367 065 Net expendlture before 8alns and losses {69,995) {193,047) Reallsed reco8nlsed galns and losse5 Reallsed galnsl(losses) on flxed asset Investments 10 277) Net expendlture 67 408) 203 324) This page does not form part of the statutory financlal statements Page 23