REGISTERED CHARITY NUMBER: 509784 LEICESTER ANIMAL RESCUE Unaudlted Flnandal Statements for the Year Ended 31 December 2024 for Lelcester Anlmal Rescue The Rowleys Partnershlp Ltd Chartered Accountants Charnwood House Harcourt Way Meridian Busine55 Park Leicester Lelcestershire LE19 1WP
Lelcester Anlmal Rescue Contents of the Financial Statements for the Year Ended 31 December 2024 Pa8e Reference and Admlnistratlve Detalls Report of the Trustees Independent Examlner's Report Statement of Flnanclal Actlvltle5 Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement 10 Notes to the Flnancfal Statements 11 to 21 Detalled Statement of Financlal Actlvltles 22 to 23
Leicester Anlmal Rescue Reference and Admfnlstrative Details for the Year Ended 31 December 2024 TRUSTEES D Crick P A McNelll J J Wallls MANAGEMENT COIAMrrrEE Mr5 D Crfck (Chairperson) Mrs P A McNeill Mrs J V Randon Mrs J J Wallis Mrs C M Wlgg Miss J M Newman Mrs T Bennett PRINCIPAL ADDRESS 53 Linden Drive Evington Leicester LE5 6AJ REGISTERED CHARITY NUMBER 509784 INDEPENDENT EXAMINER The Rowleys Partnership Ltd Chartered Accountants Chamwood House Harcourt Way Meridian Business Park Lelcester Leicestershlre LE19 1WP INVESTMENT ADVISORS Andrew Bourne & Co IFA Ltd Regent House 1 Stoughton Road Oadby Leicester LE2 4DS BANKERS HSBC Bank plc 2 - 6 Gallovrtree Gate Leicester LE1 1DA SOLICITORS HCB Solicitors Belvoir Chambers 17 Bowling Green Street Leicester LE16AS Page 1
Leicester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland published in October 2019. OBJECTIVES AND ACTIVITIES Objectlves and alms The objects of the charlty are the care and protection of stray and unwanted anlmals, the relief of paln and suffering and slcknes5 among animals and the prevention of cruelty to animals. Publfc beneflt The whole ethos of Lelce5ter Animal Rescue actlvlties is on a charitable basls of benefit to the general public, mainly covering the City of Leicester and County of Leicestershire. The shelter takes in dogs and cats from all sections of the community and re-homes within the area and also nelghbouring counties. The shelter provides employment by engaging staff from the local area. We receive generous support from a broad section of the local community. Our charity shop, based In the inner city area, provlde5 reasonably priced, good quality items to this poorer community. We have operated the charity shop from these premises for 50 years and the customers, mainly local residents, greatly value and have come to rely on the wide range of goods we have for sale. All our stock is donated by the public for the sole purpose of assisting our charity to raise sufficient funds to run the animal shelter. In planning our activities for the year we kept In mlnd the Charity Commlssion guldance on public benefit at our trustees meeting. ACHIEVEMENT AND PERFORMANCE Investment performance The Charity has Invested overall In total £490,563 through Brewin and Dolphin of whfch £487,945 was invested In listed investments. The trustees have unrestricted powers of investment. Under the Trust Deed, the trLlSteps arp PmwprPrt tn Invp%t In a widp ranpp nf invpstmpnts Incliidln8 land. The trustees consider that the Investments are soundly based in government securities and blue chip stocks with the objective of investlng for income and the prospect of longer-tenn capital growth. Their attitude to risk is medlum to low and this definition is applied by the charity's investment fflanagers in undertaking their review and management of the portfolio. Page 2
Lelcester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE Falrwlnds Shelter During the year 76 dogslpuppies and 191 catslkittens were re-homed via our "Fairwinds Animal Shelterf,. Also returned 5 stray dogs and 6 cat5 to their ovmers. Following adoption 8 dogs were returned to the shelter within very short time, due mainly to the new owners being unable to give the dogs a chance to settle down In their new environment. These canines were re-homed within the year and settled down to a secure life with more patient new owners. Our policy continued to have all dogs and cats castratedlspayed, vaccinated and micro-chlpped prior to adoption. Many dog5 are now chipped when they come to us, in accordance with the law. When the dally routines have been carried out, as much time as p055ible is dedicated to exercisin8 and trafning the canines to improve their behavlour and lead to them going to new homes more swiftly. The senior staff take some of the dogs off-51te to enable them to encounter every.day situations - traffic, other pets being walked, etc. New owners have an opportunity to attend further training sessions at the shelter with our staff. Durlng the year we continued to re-home within our adoption areas of Lelcestershire, Northants, Lincolnshlre and Warwickshfre. We advertise weekly In our local press and the website is beneficial in obtaining prospective new owners. Our shelter staff and volunteers achieved a successful year In running the shelter to the high standard and efflciency we require, particularly in such dlfficult times. Homes for dogs are always Visited by our staff prior to the adoption proce5S. Falrwlnds Anlmal Shelter The Trustees approved a project to 7nstall 102 solar panels onto the roof of kennel block No. 1 and an air-source heat pump to provide heating and hot water to this building. The panelslbatteries were Installed and working by July, the heat pump followed. Real benefit could not be evaluated until the wfnter months; previous summer electricity bills were in the reglon of £500-£600. The July 2024 bill was £85, wfth us being able to export to the grid surplus power up to a certain limit from 4th August when our meter was changed. The local sub-station can only cope with this Ilmlt, for us to pay to have the sub-station upgraded would be completely prohibitive flnanclally - our Project Manager did look Into the posslblllty of doing thls. Charlty Shop The charity shop building dates from 1885 and has been owned by Leicester Animal Rescue since 1985 was modernised in 1990. We operate the shop from the ground floor only. Floors one and two were converted into flats in 1990 and are occupied by tenants dealt with by our letting agents. Internal decoration to the three floors of communal areas was carried out in the Spring. The income being beneficial to Leicester Animal Rescue. Both flats were occupied until November when a tenant left Flat 2. At this time considerable work was requlred prior to re-lettingi although we hoped to install new tenants as s(n as possible, renewal work would go into 2025. Page 3
Leicester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2024 ACHIEVEMENT AND PERFORMANCE The administration 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 basis. We have a website page dedicated to the shop - appealing for donated goods and volunteers to help in the shop. We continue to experience great difficulty in recruiting new helper5 and this is having a severe effect on the running of the shop. Our small team achieve quite a task to keep the shop running and open and we much appreciate their commitment. Particularly during the Autumn months onwards organising volunteers avallable to keep the shop open became a real challenge. Three male volunteers 'retlred' due to health issues and this has had a serious effect on our daily rotas, most of our volunteers are either reaching retirement age or much older. The Trustees are very concerned about this situation and are endeavouring to take all the steps they can to recruit new volunteers, this is a difficult task with other charity shops in the area in the same position. Research by the Trustees has also found that charity shop takings seem in general to be in a down-turn situation at the present time, in common with other retail outlets. We experienced this from the Autumn onwards. FINANCIAL REVIEW Flnanclal positlon The Statement of Flnanclal Activities Shov net movement for the year of £141,124 surplus (2023: £67,408 deflclt) wlth reserves standing at £1,534,141 (2023: £1,393,017). The trustees consider that there are adequate reserves available to support the continuation of the charity. The retained reserves are lower than the previously held although an increase of legacies income of £272,483 (2023: £63,500>. The trustees acknowled8e that the legacies income can not be guaranteed and the reserves are utilised to meet the ongolng costs of the charity. Reserves policy Reserves at the year end were £1,534,141 (2023: £1,393,017> whlch Includes £184,746 (2023: £183,439) relating to revaluation of the Investment properties. A figure of £489,339 (2023: £282, 564) relates to net current assets. The trustees vlew this level as necessary for the charity to continue fulfilling its objectives should any Income generating activitfes be temporarily curtailed. The charity would not wish the reserves to fall below £200,000 which Is approximately 6 months of runnlng costs. The policy of the charity is to also continue to build the reserves so that they are avallable to further develop the objects of the charity when required. Both the charity shop premises and "Fairwinds Animal Shelter" property are essential to the exlstence of the charity. Portions of both premises also provide essential revenue from the rental of the two flats and bungalow whilJt thc animal rhclter could not operate without a full-time manager living on sitp. FUTURE PLANS The next stage of the project to increase the efficiency of our heating system will be evaluated in the New Year and the Trustees hope to approve installatlon if a second air- source heat pump to kennel block No. 2, currently covered by expensive electric heating. Flooring work and general repairs will also the dealt with during the year. Page 4
Lelcester Anlmal Rescue Report of the Trustees for the Year Ended 31 December 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document Leicester Animal Rescue is constltuted under a trust deed dated 17 October 1977 and registered vAth the Charity Commi55ion under charity number 509784. The trust deed was amended on 14 January 2007. Leicester Animal Rescue is also known as Animal Rescue and LARC. Freehold land and buildings title deed5 are held in the names of Mrs P A McNeill, Mrs D Crick and Mrs J J Wallis. Recrultment and appolntment of new trustees The trustees who have served durlng the year and since the year end are set out on page 1. Trustees are appointed by the trustees and management commlttee and serve for three years after which they must retire. Trustees may stand for re-election at the end of the three year term. Or8anlsatlonal structure The rnanagement committee overseas the operatlon of the charlty. A fult-time paid rnanager has responsibillty for the day to day runnin8 of "Fairwinds Animal Shelter" together with the minimum pald staff needed to care for the volume of dogslcats in the shelter. We also have a team of volunteers carrying out some duties at the shelter. A team of volunteers run the charity shop on a rota basis. We are very grateful to all our volunteers for their commltment and support during the year. Inductlon and tralnlng of new trustees Trustees are made aware of thefr responsibllities at the time of appointment and kept abreast of changes in charity law and any matters affectlng the governance and assets of the Charity. Approved by order of the board of trustees on behalf by: ..15 £D....ry.y..y....p.26 and signed on It5 D Crlck - Trustee Page 5
Independent Examlner's Report to the Trustees of Lelcester Animal Rescue Independent examiner's report to the trustees of Leicester Animal Rescue I report to the charlty trustees on my examination of the accounts of Leicester Animal Rescue (the Trust) for the year ended 31 December 2024. Responsibilities and basls of report As the charity trustees of the Trust you are responsible for the preparatlon of the accounts In accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all appllcable Directions given by the Charity Commission under Section 145{5)(b) of the Act. Independent examlner's Statement Since your charitys gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, whlch is one of the listed bodies. I have completed my examination. I confirm that no material matters have corne to my attention In connection with the examination givin8 me cause to believe that in any material respect: accountlng records were not kept in respect of the Trust as required by Sectlon 130 of the Act. or the accounts do not accord wlth those record5; or the accounts do not cornply with the applicable requirements conceming the form and content of accounts set out in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vlew whlch is not a matter considered as part of an Independent examinatlon. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report in order to enable a proper understandlng of the accounts to be reached. IL Eo/ol¥6 , L G Parkes FCA FCCA The Rowley5 Partnership Ltd Chartercd Accountantr Charnwood House Harcourt Way Meridian Business Park Leicester Leicestershire LE19 1WP Date: 2)25 Page 6
Lelcester Animal Rescue Statement of Financial Activftles for the Year Ended 31 December 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMEk¥fs FROM Donations and legacies 289,646 81,628 Charltable actlvltles Anlmal sales 31,308 25,675 Other trading activltfes Investment income 68,527 37,834 68,907 36,152 Total 427,315 212,362 EXPENDITURE ON Ralslng funds 22,208 26,665 Charltable actlvltles Animal shelter 287,050 277,545 Total 309,258 304,210 Net gains on investments 23,067 24,440 NET INCOMEI(EXPENDITURE) 141,124 (67,408) RECONCILIATION OF FUNDS Total funds brought forward 1,393,017 1,460,425 TOTAL FUNDS CARRIED FORWARD 1 534,141 1,393 017 The notes form part of these finandal statements Page 7
Lelcester Animal Rescue Balance Sheet 31 December 2024 2024 UnrestrTCted funds 2023 Total funds Notes FIXED ASSETS Tangible assets Investment5 Investments Investment property 13 414,094 382,624 14 15 487,945 142 763 585,066 142,763 1,044,802 1,110,453 CURRENT ASSETS Stocks Debtors Cash at bank 16 17 1,562 281,116 215,988 2,457 77,816 213,190 498,666 293,463 CREDITORS Amount5 falllng due within one year 18 (9,327) (10,899) NET CURRENT ASSETS 489,339 Z82 564 TOTAL ASSEfs LESS CURRENT LIABILITIE5 1,534,141 1,393,017 NET ASSETS 1 534 141 1 393 017 FUNDS Unrestrlcted funds 19 1 534 141 1,393,017 TOTAL FUNDS 1 534 141 1 393 017 The financlal statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: P A McNelll - Trustee The note5 form part of these financial statement5 Page 8
Leicester Animal Rescue Cash Flow Statement for the Year Ended 31 December 2024 2024 2023 Notes Cash flows from operatlng activities Cash generated frorn operations 69,299) 139,505) Net cash used in operating artivltles 69,299) 139 505) Cash flows from Investlng actSvltle5 Purchase of tanglble fixed assets Purchase of fixed asset investments Sale of flxed asset investrnents Interest received (60,645) (3,848) 125,343 (88,238) (24,099) 184,988 Net cash provided by investing activities 72,097 Chan8e In cash and cash equlvalents In the reportlng perlod Cash and cash equlvalents at the beglnnlng of the reportlng perlod 2,798 (56,712) 213,190 269 902 Cash and cash equlvalent5 at the end of the reportlng perlod 215 988 213,190 The note5 form part of these financial statements Page 9
Leicester Anlmal Rescue Notes to the Cash Flow Statement for the Year Ended 31 Decernber 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net Incomel{expendfture) for the reportlng perfod (as per the Statement of Flnanclal Actlvltles) Adjustments for: Depreciation charges Gain on investments Interest received Impairment reversal Decreasel (Increase) in stocks Increase in debtors (Decrease)/increase in creditors 141,124 (67,408) 29,175 (1,307) (11,247) (23,067) 895 (203,300> 26,150 (2,587) (10,142) (Z1,853) 1448) (66,694) 3,477 Net cash used In operatlons 69 299) 139 505) ANALYSIS OF CHANGES IN NET FUNDS At1.1.24 Cash flow At 31.12.24 Net cash Cash at bank 213,190 215,988 213,190 215988 Total 213,190 215,988 The notes form part of these financlal statement5 Page 10
Lelcester Animal Rescue Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basfs of preparlng the flnandal statements The financial statements of the charity, which 15 a public benefit entlty under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard appllcable in the UK and Republfc of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at rnarket value. Leicester Animal Rescue is an unlncorporated charity registered in England and Wales. The address of the charlty is given in the charity information on page 1 of these flnancial statements. Income All income fs recognised in the Statement of Financial Actlvfties once the charity has entitlement to the funds, It fs probable that the Income wlll be received and the amount can be measured reliably. For donations to be recognlsed the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requlres a level of performance before entitlernent can be obtained then income Is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charlty and it is probable that they will be fulfilled. No amount Is Included in the financial statements for volunteer time In line wlth the SORP (FRS 102). Volunteers are used by the charity to run the charItS shop with respect to collecting the donated items and running the shop. Also, volunteers carry out certain duties at the shelter. Further detall is given in the Trustees, Annual Report. For legacles, entltlement Is the earlier of the charlty belng notified of an Impendln8 distribution or the legacy belng recelved. At this point income is recognised. On occaslon legacies will be notlfled to the charity however It Is not possible to Measure the amount expected to be dlstrlbuted. On these occaslons, the legacy is treated as a contingent asset and disclosed. Incoffle from charitable activities include5 income from the sale of animals which is recognised when the animal Is delivered and monies are received. Investment income is earned through holding assets for investment purposes such as shares and property. It includes divldends, interest and rent. Where it is not pratticable to identify investment management costs incurred within a scheme viith 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 dividend and rent income is recognised as the charity's right to receive payment is established. Other trading activities includes income from shop sales which are recognised when the goods are sold, together with fund raising and other income which are recognised when received. All stock sold in the charity shop is donated for resale. It is impracticable to fair value the goods received as these are high in volume and low in value. No value is placed on donated stocks of goods unsold at the year end. Page11 continued.
Lelcester Anlmal Rescue Notes to the Financial Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES - contlnued Expenditure Liabilities are recogni5ed as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic beneflts wlll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activlties on a basis consistent with the use of resources. Expenditure is classified under the following activity headings: Raising funds comprises the costs associated with attractlng voluntary Income and the costs of trading for fundraislng purposes including the charity's shop and rental 7ncome. Charitable expenditure comprises those costs Incurred by the charlty in furtherance of the Charits objectives relatlng to the upkeep and continued existence of the kennelslcattery. It Includes both costs that can be allocated directly to such activlties and those costs of an indirect nature necessary to support them Includlng governance costs. Tanglble flxed assets Depreclation is provided at the following annual rates In order to wrlte off each asset over Its estimated useful Ilfe. Freehold property Cattery and kennels Flxtures and fittings Motor vehicles at varying rates on cost 5% on cost Straight line over 5 or 10 years 25% on cost Tangible fixed assets c05ting below £500 are not capitalised and are treated as revenue expenditure in the year of purchase. Investment property Investment propertles for which fair value can be measured rellably wfthout undue cost or effort are measured at fair value at each reporting date wlth changes In falr value reco8nlsed In 'net galns / (losses) on investments. in the SOFA. Stocks Stocks of consumable items used by the charity are valued at cost. Provision 15 made for damaged ond obJolctC Jtoclf whcrc appropriate. Taxatlon The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricted funds can be used in accordance wlth the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specTfied by the donor or when funds are raised for particular restricted purposes. Page 12 continued...
Lelcester Animal Rescue Notes to the Flnanclal Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES - cont1nued Fund accountlng Further explanation of the nature and purpose of each fund is Included in the notes to the financial statements. Penslon costs and other post-retlrement benefits The charlty operates a defined contribution pension scheme. Contributions payable to the charit5ls pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Debtors and credltors recelvablelpayable wlthln one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impalrment are recognised in expenditure. 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. Golng concern The financial statements have been prepared on a goin8 concern basls as the trustees believe that no materlal uncertainties exlst. The trustees have considered the level of funds held and the expected level of Income and expenditure for 12 months from authorising these financial. statements. The budgeted income and expenditure is sufflcient with the level of reserves for the charity to be able to continue as a going concem. Investments Investments are reco8nised inltially at fair value whlch Is normally the transaction prlce excluding transaction costs. Subsequently, they are measured at falr value with changes recognised In 'net gains l (lossesl on investments, In the SOFA If the shares are publlcly traded or their fair value can othernfjse be measured reliably. DONATIONS AND LEGACIES 20Z4 2023 Donations Legacles 17,163 272,483 18,128 63,500 289 646 Page 13 continued...
Leicester Animal Rescue Notes to the Flnanclal Statements - contlnued for the Year Ended 31 December 2024 OTHER TRADING ACTNMES 2024 2023 Shop Income Prize draw 52,588 15,939 53,391 15,516 68,527 INVESTMENT INCOME 2024 2023 Rents received Divldend income Deposit account interest 16,915 9,672 11,247 15,330 10,680 10,142 37,834 36,152 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Animal re-homing sales 31 308 25 675 RAISING FUNDS Other tradln8 actlvltfes 2024 Z023 Premlses costs Insurance Telephone Property management fees Other expenses Advertising Depreciation 10,405 584 324 1,030 5,207 2,134 Z,524 13,839 555 332 1,422 4,885 3,108 2,524 22,208 26,665 Page 14 continued..
Lelcester Animal Rescue Notes to the Financlal Statements - continued for the Year Ended 31 December 2024 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 8) Support costs {see note 9) Totals Animal shelter 47,861 239,189 287,050 DIRECT COSTS OF CHARITABLE ACTivrriES 2024 2023 Vets fees Anlmal food and consumables 39,709 35,657 8,688 SUPPORT COSTS 2024 2023 Anfmal shelter management and support costs Salaries Social security costs Penslon costs Premises costs Depreciation Insurance Advertislng Telephone Alotor runnlng costs Rates and water Postage and statlonery Accountancy fees Independent examination fees Legal and professional fee5 Other expenses Management portfollo fees 137,401 130,566 5,970 5,007 3,972 3,921 29,354 31,320 26,651 23,626 1,789 1,566 1,859 1,106 1,683 1,742 5,873 ,173 6,837 4,397 2,811 2,751 2,977 2,030 2,850 2,750 2,697 2,881 1,806 4,425 4,659 6,939 239 189 233 200 Page15 continued...
Lelcester Anlmal Rescue Notes to the Financial Statements - contlnued for the Year Ended 31 December 2024 10. TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneratfon or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees. expenses There were no trustees, expenses pald for the year ended 31 December 2024 nor for the year ended 31 December 2023. 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other penslon costs 137,401 5,970 130,566 5,007 3,921 147,343 139,494 The average monthly number of employees durfng the year was as foll0v. 2024 2023 Shop & admln staff No ernployees received emoluments in exce55 of £60,000. 12. AMOUNTS PAYABLE TO INDEPENDENT EXAMINER The amount payable to the Independent examiner for the Independent examlnatlon Is £2,850 {2023: £2,750) and £2,977 {2023: £2,030) for other accountancy servlces. Page 16 continued...
Leicester Anlmal Rescue Notes to the Flnancial Statements - contlnued for the Year Ended 31 December 2024 13. TANGIBLE FIXED ASSETS Cattery and kennels Fixtures and flttin85 Freehold property Motor vehicles Totals COST At 1 January 2024 Addltlons 277,685 533,727 34,207 27,456 873,075 At 31 December 2024 277 685 594 372 933 720 DEPRECIATION At 1 January 2024 Charge for year 85,666 350,854 19,449 33,125 541 20,806 3,325 490,451 At 31 December 2024 370 303 24,131 519 626 Ntr BOOK VALUE At 31 December 2024 186 159 224,069 541 414 094 At 31 December 2023 192 019 182 873 382 624 The charity revalued the charity shop Included in the freehold land and buildings on 1 January 2016 at £68,000 based on a valuation carried out by P G Tew FRICS, RICS registered valuer, on 31 December 2014, using both the marketing and investment approach to determine the fair value. The charity took advantage of the provision5 of FRS 102 to use the fair value at 1 January 2016 to be the deemed cost of the charity shop at the date of transition. The charfty shop, included at valuation withfn freehold land and bulldings, has a historfcal cost of £25,504 (2023: £25,504) less accumulated depreciation of £18,448 (2023: £17,787). The value attrlbuted to land withln freehold land and bulldlngs Is £50,000 (2023: £50,000). Freehold land and bulldings title deeds are held In the names of Mrs P A McNeill, Mrs D Crick and Mrs J J Wallis. Page 17 continued...
Lelcester Anlmal Rescue Notes to the FinancTal Statements - contlnued for the Year Ended 31 December 2024 14. FIXED ASSEf INVESTMEltrs Listed Investments MARKEf VALUE At 1 January 2024 Additions Dlsposals 641,113 3,848 124 036) At 31 December 2024 520,925 PROVISIONS At 1 January 2024 Reversal of impalrments 56,047 23 0671 At 31 December 2024 32,980 NET BOOK VALUE At 31 December 2024 487,945 At 31 December 2023 585,066 Investments include those both held inside and outside of the UK and are managed by Brewin and Dolphin. Above investments are held as foll0v. Z024 UK Bonds Overseas Bonds UK Equltles North American Equltes Japanese Equities Asia Pacific Equitles Absolute Retum Property Commodities European equities Cash 37,214 168,830 38,909 89,380 8,047 15,512 52,112 22,243 19.016 15,182 21,500 487 945 Listed Investment at cost 2024 Cost value5 of investments 490,563 Page 18 continued...
Leicester Animal Rescue Notes to the Financial Statements - continued for the Year Ended 31 December 2024 15. INVESTMENT PROPERTY FAIR VALUE At 1 January 2024 and 31 December 2024 142 763 NET BOOK VALUE At 31 December 2024 142 763 At 31 December 2023 142.763 Investment propertfe5 comprise two flats which are let to thlrd parties. The last full external valuation of the investment properties was carrled out by P G Tew FRICS, RICS registered valuer on 31 December 2020 at a valuation of £142,763, using the marketing and investment approach to determine the fair value. Investment properties under the historical cost basis would have been included at cost of £41,918 {2023: £41,918). 16. STOCKS 2024 2023 Stocks 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments Accrued Incorne 3,977 2,994 274 145 8,513 3,216 281,116 18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income 9,327 10,899 Page 19 continued...
Leicester Anlmal Rescue Notes to the Ffnanclal Statements - continued for the Year Ended 31 December 2024 19. MOVEMENT IN FUNDS Net rnovement In funds At 31.12.24 At1.1.24 Unrestrlcted funds General fund Revaluation reserve 1,Z09,578 183,439 139,817 1,307 1,349,395 184,746 1,393,017 141 124 1 534 141 TOTAL FUNDS 1,393,017 141,124 1,534,141 Net movement in funds, Included In the above are as foll0v. Incornlng resources Resources expended Galns and losses Movement In funds Unrestrlcted funds General fund Revaluation reserve 427,315 (287,498) 139,817 1,307 1,307 427,315 287 498) 1,307 141,124 TOTAL FUNDS 427315 287 498) 1,307 141 124 Comparatlves for movement In funds Net movement in funds At 31.12.23 At1.1.23 Unre5trlcted fund5 General fund Revaluation reserve 1,279,573 180 852 (69,995) 1,209,578 183 439 1 393 017 TOTAL FUNDS 1 393 017 Page ZO continued...
Lelcester Animal Rescue Notes to the Finandal Statements - continued for the Year Ended 31 December 2024 19. MOVEMEKf IN FUNDS - continued Comparative net movement In funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund Revaluation reserve 212,362 (282,357) 169.995) 212 362 282 357) 67 408) TOTAL FUNDS 212 362 282 357) 67,408) 20. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 Decernber 2024. Page 21
Leicester Anlmal Rescue Detailed Statement of Financial Actiyities for the Year Ended 31 December 2024 1024 2023 INCOME AND ENDOWMEk¥rs Donatlons and legades Donatlons Legacies 17,163 272,483 18,128 63,500 Z89,646 81,628 Other trading actlvltle5 Shop income Prize draw 52,588 15,939 53,391 15,516 68,527 68,907 Investmènt Income Rents recelved Dividend income Deposlt account Interest 16,915 9,672 11,247 15,330 10,680 10,142 37,834 36,152 Charltable actlvltles Animal re-horning sales Total Incomlng resources 427,315 212,362 EXPENDITURE Other tradlng actlvltles Premises costs Insurance Telephone Property management fees Other expenses Advertising Depreciation of tangible fixed assets 10,405 584 324 1,030 5,207 2,134 2,524 13,839 555 332 1,422 4,885 3,108 2,524 22,208 26,665 Charltable actlvltfes Vets fees Carrled forward 39,709 39,709 35,657 35,657 This page does not form part of the statutory financial statements Page 22
Lelcester Animal Rescue Detalled Statement of Flnandal Actfvities for the Year Ended 31 December 2024 2024 2023 Charitable actlvltles Brought forward Animal food and consumables 39,709 8,152 35,657 8,688 47,861 44,345 Support costs Human resources Wages Social security Pensions 137,401 5,970 130,566 5,007 3,921 147,343 139,494 Other Rates and water Insurance Premises costs Telephone Postage and statlonery Other expenses Advertlsing Motor running costs Accountancy fees Independent examlnation fees Legal and professional fees Depreciation of tangible fixed assets Impairment (gains) Ilosses - listed investments 6,837 1,789 29,354 1,683 2,811 1,806 1,859 5,873 2,977 2,850 2,697 26,651 4,397 1,566 31,320 1,742 2,751 4,425 1,106 ,173 2,030 2,750 2,881 23,626 21760) 21 853) 65,427 64,914 Governance costs Management portfolio fees Total resources expended 287,498 282 357 Net Incomel(expendlture) before gafins and losses 139,817 (69,995 Reallsed recognlsed galns and losses Realised gains/llosses) on fixed asset investments 2,587 Net Incomel(expendlture> 141,124 67,408) This page doe5 not form part of the statutory financlal statement5 Page 23