REGISTERED CHARITY NUMBER: 514872
Report of the Trustees and
Financial Statements for the Year Ended 30th June 2025
for
Worcestershire Animal Rescue Shelter
The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU
Worcestershire Animal Rescue Shelter
Contents of the Financial Statements for the Year Ended 30th June 2025
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report ofthe Trustees | 2 | to | 5 |
| Independent Examiner’s Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 20 |
| DetailedStatementofFinancia!Activities | 21 | to | 22 |
Worcestershire Animal Rescue Shelter
| Reference and Administrative Details | Reference and Administrative Details |
|---|---|
| for the Year | Ended 30th June 2025 |
| TRUSTEES | Mrs E J Arpad (Chairperson) |
| Mr J Wagstaff (Treasurer) | |
| Mrs A Spensley | |
| Mrs A L Harrison | |
| PRINCIPAL ADDRESS | Hawthorn Lane |
| Newland | |
| Worcester | |
| Worcestershire | |
| WR13 5BD | |
| REGISTERED CHARITY NUMBER | 514872 |
| INDEPENDENT EXAMINER | The Richards Sandy Partnership |
| Thorneloe House | |
| 25 Barbourne Road | |
| Worcester | |
| Worcestershire | |
| WR1 1RU | |
| SOLICITORS | Hallmark Whatley Hulme |
| 4-5 Sansome Place | |
| Worcester | |
| Worcestershire | |
| WR1 1UQ | |
| KEY MANAGEMENT | Amie Jones |
| Shelter Operations Manager | |
| Chris Hermiston | |
| Kennel & Cattery Manager | |
| BANKERS | Barclays Bank UK PLC |
| 1 Churchill Place | |
| London | |
| E14 SHP | |
| INVESTMENT MANAGER | Insignis |
| St John's Innovation Centre | |
| Cowley Road | |
| Cambridge | |
| CB4OWS |
Page 1
Worcestershire Animal Rescue Shelter
Report of the Trustees for the Year Ended 30th June 2025
The trustees present their report with the financial statements of the charity for the year ended 30th June 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES Objectives and aims Our main objective remains the same:
- To relieve the suffering among animals of all kinds (namely dogs, cats and ex-battery hens) and to prevent cruelty thereto by the provision of an animal rescue shelter in the Worcestershire area.
Further to the above objectives the organisation shall have the following powers:
- Raising of funds to build and maintain the shelter; and - Purchase, hire or otherwise acquire premises for the purpose of the organisation,
There have been no changes in the stated objectives during the year.
We strive to give the best possible care for the unfortunate stray and abandoned animals that come into our care ensuring and whilst with us, they receive the best possible attention until they find their forever homes.
The staff and trustees are proactively looking for ways to raise more funds for the Charity and this year have been working on grant applications alongside the usual fundraising events. Our new SOM has proactively raised our profile by promoting the Shelter giving talks to local businesses and groups.
We hope to carry on our successes this year with more events, more creative fundraising ideas and further grant applications.
We are seeking more ways In which we, as a Charity, can sustain our day to day running costs, as well as_ finding funding opportunities for small and large scale projects. We would like to thank all our staff, volunteers and supporters who have contributed lime and goods to these activities.
To this end, we have produced a five-year plan to help grow the Shelter and maintain the standard of care required. The two larger projects being, refurbish/rebuild our long line kennel block and resiting/improving our exercise pens all of which we are actively looking at grants to help us achieve our goals.
Public benefit
With the Charity Commission's guidelines in mind we have carried out all of our activities and achievements successfully for the best possible care of the abandoned dogs and cats.
Worcestershire Animal Rescue Shelter has fulfilled its commitment over the past twelve months by offering a much needed service within the county of Worcestershire for the care of unwanted and abandoned dogs and cats ona _ small rural site. Staff and Volunteers As mentioned in last years report, Amie Jones is our Shelter Operations Manager and works closely with Chris Hermiston our Kennel Cattery Manager.
We are very proud of the whole team's dedication to the Charity and the animals in their care. The Trustee’s and Shelter Operations Manager continue to look at suitable courses and training opportunities to offer staff members to aid in their personal and professional development.
We truly could not do the work we do without the help of our many volunteers. We have volunteers helping in various roles including dog walking, cat socialising, reception duties and administration work. Our volunteers dedicate their time ona regular basis and everyone at WARS is most grateful for their continued support and commitment.
Page 2
Worcestershire Animal Rescue Shelter
Report of the Trustees
for the Year Ended 30th June 2025
ACHIEVEMENTS AND PERFORMANCE
FUNDRAISING
Again, this year, our SOM organised the Santa Paws event which was successful and again, thanks to "Father Christmas" for his continued support., Photographers this year were Chris Hermiston and Dan Spencer and their help is very much appreciated. We continue to hold events on site so please keep an eye out on our website to ensure you do not miss out. We are continually looking into more ways of raising funds, to this end, we are re-introducing our Fundraising Sub Committee to look at other ways in which we can raise monies to continue our work. If you feel you would like to join this group, then please contact our Shelter Operations Manager. We do however greatly appreciate the help and support given by our donors/sponsors during these difficult economic times.
COMMUNITY BENEFIT
WARS holds the stray dog contract for the local area and works closely with the local authority Dog Warden taking in dogs which have either escaped or have been discarded. We also have our "in house" data base which halds a waiting list of the public who, for whatever reason, need to relinquish their dog or cat.
We have recently introduced a small service of trapping feral cats whereby we trap, neuter and release back into the community so that the number of unwanted kittens is limited. We have been fortunate to secure grants to help us with this project.
Our SOM has also been giving talks to local groups/schools explaining our work and advising on responsible pet ownership.
We also receive support from local businesses sending corporate groups who attend the Shelter and assist with various tasks for which we are extremely grateful.
ANIMAL WELFARE
Staff and Trustees continue to look for ways to raise the level of care we can offer to our dogs and cats, with the aim of making our animals more re-homable . With these now in place many visitors to the site have commented on how the dogs are calmer and quieter.
We continue to be inundated with kittens and cannot stress enough the need for responsible ownership in having cats neutered/spayed.
| Animals brought into our care: | ||
|---|---|---|
| Dogs | 50 | |
| Cats | 57 | |
| Kittens | 73 | |
| Puppies under 6 months | 3 | |
| Stray Dogs | 125 | (Twelve stayed with us for rehoming. The remainder |
| were either sent to other rescues - following a change to | ||
| our Stray Dog Contract or PTS, due in the main fo the | ||
| large amount this year oftheXL ban - orwere reclaimed | ||
| by theirowner) | ||
| Animals leaving our care: | ||
| Dogs | 50 | |
| Cats Kittens |
57 69 |
|
| Puppies | 2 | |
| Euthanised: | ||
| Dogs | 4 | (two medical, two behavioural) |
| Cats | 3 | (allmedical) |
This year we have experienced a massive increase in the number of stray animals being brought into the Shelter and not reclaimed.
Whilst we do have a non-euthanasia policy for our animals, unfortunately there is the odd occasion where we must consider this as an option due to behavioural, health or welfare concerns as sadly some animals are brought into the Shelter severely damaged.
Any decision is made with consultation from our local veterinary surgeon and behaviourist, with the ultimate decision being made by the Shelter Operations Manager. This is always a sad and upsetting decision and not one thalis taken lightly.
Page 3
Worcestershire Animal Rescue Shelter
Report of the Trustees for the Year Ended 30th June 2025
FINANCIAL REVIEW
Financial position
During the year grants of £5,000 were received (2024: £5,000). Further detail can be found in note 2 to the accounts.
| During the year legacies of £809,741 (2024: £65,596) were recognised, details as follows: | During the year legacies of £809,741 (2024: £65,596) were recognised, details as follows: | |
|---|---|---|
| J Griffin | £4,732 | |
| G Weaver | £81,308 | |
| P Perks | £64,375 | |
| J Owen | £45,704 | |
| M Jarrett | £400,000 | |
| D Beddle | £183,301 | |
| P Gallimore | £20,000 | |
| G Mortimer | £10,000 | |
| J Haltom | £321 | |
| In some cases additional amounts from the above legacies will be receivable, although value of such amounts | cannot | |
| bereliablymeasured. |
Our total income for 2025 amounted te £993,976 compared te £252,553 for 2024, an increase of £741,423.
Expenditure for the year amounted to £325,608 (2024: £293,607) an increase of £32,001.
The Charity has net incoming resources for 2025 of £668,368 (2024: net outgoing resources £41,054).
Investment policy and objectives
Surplus funds are invested in a readily realisable form in fixed term deposit accounts.
Reserves policy
The Trustees have established the Charity's reserves policy with reference to the Charity Commission Guidance (CC19} and accounting standards.
The Trustees’ intention is to build up sufficient reserves to ensure continuity of service and to maintain a balance to cover at least 12 months running costs. Free reserves (general funds less fixed assets) at 30 June 2025 amounted to £1,053,599 (2024: £348,082), which based on current unrestricted expenditure levels of £325,608 equate to approximately 39 months of running costs. At the year end, the charity's reserves significantly exceed the level set out in the reserves policy. This is primarily due to the receipt of an exceptionally large legacy which was both unanticipated and non-recurring. The trustees are therefore of the view that the excess reserves represent a temporary position. They are currently viewing how these funds can be applied in a manner consistent with the charity's objects, including planned expenditure over future years, while ensuring that the charity remains financially sustainable.
The charity will also maintain a designated operating reserve to cover 6 months’ salary costs in the event that income should reduce. The balance at 30 June 2025 is £86,000 (2024: £70,000). 6 months salary costs equate to £85,981 and therefore the amount retained in this fund is deemed sufficient by the trustees.
The restricted fund balance as at 30 June 2025 was £9,200 (2024: £5,000).
The total free reserves of the charity as at 30 June 2025 were £1,062,799 (2024: £353,082) and with the inclusion of tangible fixed assets of £337,864 (2024: £379,213) this brings total reserves of the charity to £1,400,663 (2024: £732,295). Details of individual funds can be found in note 20 of the accounts. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Worcestershire Animal Rescue Shelter (WARS) was formed on 23 May 1983 following a public meeting, which expressed great concern at the number of unwanted animals being abandoned and ultimately destroyed within the County. Agreement was reached that the most satisfactory way to effect a change was to provide a genuine animal shelter equipped and staffed to take care of all such abandoned, lost, unwanted, stray and neglected animals.
WARS is a Charity regulated by a constitution dated 6 February 1984 and became a registered charity on 13 March 1984.
The Charity has been approved as a full member of the Association of Dogs and Cats Homes (ADCH).
Page 4
Worcestershire Animal Rescue Shelter
Report of the Trustees for the Year Ended 30th June 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Committee and Trustees, all of which are volunteers, continue to strive to ensure the Charity continues to assist the focal community by taking in unwanted animals and finding them their forever homes; this would not be possible without the dedication and support of our staff who carry out a magnificent job, sometimes not having the outcome they all would like, however, their main concern is the welfare of the animals which is paramount.
This year sadly saw the retirement of our Treasurer, John Wagstaff. John has been with the Charity since inception and has carried out the role admirably and will certainly be missed, however, he still remains as a Trustee therefore we can call on his knowledge and expertise as and when. Luckily, one of our committee members, Alison Harrison, stepped into the rale and works closely with Amie Jones our Shelter Operations Manager to ensure the finances of the Charity are closely monitored.
Risk management
The Governance of the Charity is undertaken by the Board of voluntary Trustees, however, to assist with this we have taken on the services of Peninsula Business Services who oversee all our policies, i.e., health and safety, HR ensuring that we are working within the law. The Shelter Operations Manager and the Kennel and Cattery Manager regularly attend conferences, meetings and talks and undertake various training courses to keep abreast of the latest legislation and operational techniques which in turn are cascaded down to the Board.
The Trustees recagnise that the main risk to the Charity is the fluctuation of income via sales, rehoming and donations. A strategy is being developed to look for ways to increase and sustain income to aid in covering annual costs.
WARS endeavours to reduce risks in a number of ways. All new volunteers and staff undertake a Health & Safety induction, provided by the Shelter Operations Manager or the Kennel and Cattery Manager. Inductions cover Health & Safety, site safely and safe handling of animals. All animais coming into our care are carefully assessed on intake to identify any behavioural issues that will affect their care and handling. Once signed into our care they undergo a thorough behavioural assessment, which is ongoing throughout their time at the shelter. All dogs are on a traffic flight system, so dogs who have more troubling issues are only walked by staff and/or experienced volunteers. All dog walkers are introduced to dogs on an individual basis before they can walk or handle them. We have also implemented an over 18's policy for working with our dogs, neutralising families bringing in their small children to walk the dogs. Approved by order of the board of trustees On 00...Bl.Soe Siieeeeeeeereeseseeses3. 202s and signed on its behalf by: Mrs E J Arpad - Trustee |
Page 5
Independent Examiner's Report to the Trustees of Worcestershire Animal Rescue Shelter
Independent examiner's report to the trustees of Worcestershire Animal Rescue Shelter
f report to the charity trustees on my examination of the accounts of Worcestershire Animal Rescue Shelter (the Trust) for the year ended 30th June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of ihe 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 | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by Section 130 of the 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.
t 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.
Melissa Godwin ACA ACCA The Association of Chartered Certified Accountants
The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WRi 1RU
Date: ..24-OWw. 2G.
Page 6
Worcestershire Animal Rescue Shelter
Statement of Financial Activities for the Year Ended 30th June 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 2 | 880,234 | 5,000 | 885,234 | 145,909 |
| Charitable activities | 5 | ||||
| Animal Welfare | 54,328 | - | 54,328 | 51,528 | |
| Other trading activities | 3 | 42,739 | - | 42,739 | 41,859 |
| Investment income | 4 | 11,626 | - | 11,626 | 13,209 |
| Other income | 6 | 49 | - | 49 | 48 |
| Total | 988,976 | 5,000 | 993,976 | 252,553 | |
| EXPENDITURE ON | |||||
| Raising funds | 7 | 10,319 | 00 | 11,119 | 15,313 |
| Charitable activities | 8 | ||||
| Animal Welfare | 314,489 | - | 314,489 | 278,294 | |
| Total | 324,808 | 800 | 325,608 | 293,607 | |
| NET INCOME/(EXPENDITURE) | 664,168 | 4,200 | 668,368 | (41,054) | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 727,295 | 5,000 | 732,295 | 773,349 | |
| TOTALFUNDSCARRIEDFORWARD | 1,391,463 | 9,200 | 1,400,663 | 732,295 |
The notes form part of these financial statements
Page 7
Worcestershire Animal Rescue Shelter
Balance Sheet 30th June 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 14 | 237,864 | - | 237,864 | 229.213 |
| Investments | 16 | 100,000 | - | 100,000 | 150,000 |
| 337,864 | - | 337,864 | 379,213 | ||
| CURRENTASSETS | |||||
| Stocks | 16 | 5,018 | - | 5,018 | 3,440 |
| Debtors | 17 | 502,251 | - | §02,251 | 29,116 |
| Investments | 18 | 353,122 | - | 353,122 | 200,000 |
| Cash at bank and in hand | 204,334 | 9,200 | 213,534 | 131,843 | |
| 1,064,725 | 9,200 | 1,073,925 | 364,399 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 19 | (11,126) | - | (11,126) | (11,317) |
| NET CURRENTASSETS | 1,053,599 | 9,200 | 1,062,799 | 353,082 | |
| TOTALASSETS LESS CURRENT LIABILITIES | 1,391,463 | 9,200 | 1,400,663 | 732,295 | |
| NETASSETS | 1,391,463 | 9,200 | 1,400,663 | 732,295 | |
| FUNDS | 20 | ||||
| Unrestricted funds | 1,391,463 | 727,295 | |||
| Restricted funds | $,200 | 5,000 | |||
| TOTALFUNDS | 1,400,663 | 732,295 |
The financial statements were approved by the Board of Trustees and authorised for issue on alseBr. Dietee. and were signed on its behalf by:
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----- Start of picture text -----
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Mrs E J Arpad - Trustge
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The notes form part of these financial statements
Page 8
Worcestershire Animal Rescue Shelter
| Cash Flow Statement | ||||
|---|---|---|---|---|
| for the | Year Ended 30th June | 2025 | ||
| 2025 | 2024 | |||
| Notes | £ | £ | ||
| Cash flows from operating activities | ||||
| Cash generated from operations | 1 | 212,993 | 59,509 | |
| Net cash provided by operating activities | 212,993 | 59,509 | ||
| Cash flows from investing activities | ||||
| Purchase oftangible fixed assets | (39,806) | (608) | ||
| Purchase of fixed asset investments | (50,000) | (150,000) | ||
| Interest received | 11,626 | 13,209 | ||
| Purchase ofcurrent asset investments | (53,122) | (200,000) | ||
| Net cash used in investing activities | (131,302) | (337,399) | ||
| Change in cash and cash equivalents | in | |||
| the reporting period | 81,691 | (277,890) | ||
| Cash and cash equivalents at the | ||||
| beginning ofthe reporting period | 131,843 | 409,733 | ||
| Cash and cash equivalents at the end | of | |||
| thereportingperiod | 213,534 | 131,843 |
The notes form part of these financial statements
Page 9
Worcestershire Animal Rescue Shelter
Notes to the Cash Flow Statement for the Year Ended 30th June 2025
1. RECONCILIATION OF NET INCOMEEXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
2.
| ACTIVITIES | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Net income/(expenditure) forthe reporting period (as perthe | |||
| Statement of Financial Activities) | 668,368 | (41,054) | |
| Adjustments for: | |||
| Depreciation charges | 31,155 | 30,021 | |
| Interest received | (11,626) | (13,209) | |
| (Increase)/decrease in stocks | (1,578) | 1,684 | |
| (Increase)/decrease in debtors | (473,135) | 85,375 | |
| Decrease in creditors | (191) | (3,308) | |
| Netcash provided by operations | 212,993 | 59,509 | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.7.24 | Cash flow | At 30.6.25 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 131,843 | 81,691 | 213,534 |
| 431,843 | 81,691 | 213,534 | |
| Liquid resources | |||
| Deposits included in cash | - | - | . |
| Current asset investments | 200,000 | 153,122 | 353,122 |
| 200,000 | 153,122 | 353,122 | |
| Total | 331,843 | 234,813 | 566,656 |
The notes form part of these financial statements
Page 10
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements for the Year Ended 30th June 2025
- ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102} ‘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 applicable in the UK and Republic 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 market value, as modified by the revaluation of certain assets.
These financial statements have been prepared in Sterling, which is the functional currency of the charity. Monetary amounts are rounded to the nearest £.
INCOME All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Legacy income is recognised when the Charity has confirmed entitlement of the legacy, when the amount can be accurately measured and when it is probable that they will receive the income. Where the charity's residual share in a legacy cannot be reliably measured, no amounts are accrued for unti! such time that it can be reliably measured.
Donations are recognised on a receivable basis (where there are no performance-related conditions) where the receipt is probable and the amount can be measured reliably.
Donated goods and services are measured at fair value when control over the economic benefit has passed to the charity.
Grant income, including government grants, is recognised when there is evidence of entitlement te the gif, receipt is probable, and its amount can be measured reliably.
Income from charitable activities is recognised in line with the provision of those activities.
Income from trading activities, including retail sales, is recognised on an accruals basis.
Interest income (including interest receivable on fixed term deposits) is recognised for all interest-bearing instruments using the effective interest rate.
EXPENDITURE
Liabilities are recognised 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 benefits will 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 activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annua! rates in order to write off each asset over its estimated useful life.
Land and freehold property - Straight line over 25 years Isolation pens - Straight line over 25 years Machinery and office equipment - 25% on cost and 25% on reducing balance Motor vehicles - 25% on reducing balance
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Page 711
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Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
- ACCOUNTING POLICIES - continued
FUND ACCOUNTING
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
FINANCIAL INSTRUMENTS
The Charity has elected to apply the provisions of Section 11 'Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument.
Financial assets are offset with the net amounts presented in the accounts where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setile the liability simultaneously.
Basic Financial Assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic Financial Liabilities
Basic Financial Liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of the operations from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction cost.
FIXED ASSET INVESTMENTS
Fixed asset investments includes cash equivalents on deposit with a maturity of more than 12 months from the end of the financial year.
CURRENT ASSET INVESTMENTS
Current asset investments includes cash equivalents on deposit with a maturity of more than 1 month, but less than one year, from the end of the financial year.
- DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations | 70,093 | 75,313 |
| Legacies | 809,741 | 65,596 |
| Grants | 5,000 | 5,000 |
| Donated services and facilities | 400 | - |
| 885,234 | 145,909 |
At the year end the charity had interest in legacies not recognised in the statement offinancial activities. Further information can be found in note 21 of the accounts.
Page 12
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Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
| 2. | DONATIONS AND LEGACIES - continued | DONATIONS AND LEGACIES - continued | ||
|---|---|---|---|---|
| Grants received, included in | the above, are as follows: | |||
| 2025 | 2024 | |||
| E | £ | |||
| The Ratcliffe Foundation | §,000 | 5,000 | ||
| 3. | OTHERTRADING ACTIVITIES | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fundraising and events | 8,713 | 10,744 | ||
| Retail sales | 23,263 | 21,115 | ||
| Room Hire | 10,763 | 10,000 | ||
| 42,739 | 41,859 | |||
| 4. | INVESTMENT INCOME | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Bank interest | 11,626 | 13,203 | ||
| 5. | INCOME FROM CHARITABLE ACTIVITIES | |||
| 2025 | 2024 | |||
| Activity | £ | £ | ||
| Pet Plan income | Animal Welfare | 10,160 | 9,375 | |
| Subscriptions | Animal Welfare | 345 | 731 | |
| Rehoming Fees | Animal Welfare | 30,284 | 27,060 | |
| Stray Dog Contract | Animal Welfare | 12,719 | 11,562 | |
| Greyhound Rescue | Animal Welfare | 820 | 2,800 | |
| 54,328 | 51,528 | |||
| 6. | OTHER INCOME | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Wayleave | 49 | 48 | ||
| 7. | RAISING FUNDS | |||
| RAISING DONATIONS AND | LEGACIES | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Fundraising Events | 829 | 1,051 | ||
| Just Giving Charges | 693 | 770 | ||
| 1,522 | 1,821 |
Page 13
continued...
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
| 7. | RAISING FUNDS- continued | ||||
|---|---|---|---|---|---|
| OTHER TRADING ACTIVITIES | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Goods for resale | 9,597 | 12,692 | |||
| INVESTMENT MANAGEMENT COSTS | |||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Portfolio management | - | 800 | |||
| Aggregate amounts | 11,119 | 15,313 | |||
| 8. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 9) | note 10) | Totals | |||
| £ | £ | £ | |||
| Animal Welfare | 253,689 | 60,800 | 314,485 | ||
| 9. | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Staffcosts | 171,962 | 141,641 | |||
| Veterinary costs | §2,821 | 44.332 | |||
| Depreciation on freehold property | 26,243 | 24.710 | |||
| Depreciation of isolation pens | 2,663 | 2,663 | |||
| 253,689 | 213,346 | ||||
| 10. | SUPPORT COSTS | ||||
| Governance | |||||
| Management £ |
Finance £ |
costs £ |
Totals £ |
||
| Animal Welfare | §5,799 | 2,121 | 2,880 | 60,800 | |
| Support costs, included in the above, are as follows: | |||||
| 2025 | 2024 | ||||
| Animal Welfare |
Total activities |
||||
| £ | £ | ||||
| Hire of plant and machinery | - | 254 | |||
| Rates and water | 901 | 1,515 | |||
| Insurance | 4,935 | 4,381 | |||
| Light and heat | 14,428 | 14,750 | |||
| Telephone | 2,326 | 2,340 | |||
| Postage, stationery & adverts | 1,551 | 1,334 | |||
| Cleaning and waste collection | 3,277 | 1,770 | |||
| Sundries | 909 | 1,145 | |||
| Training | 260 | 1,675 | |||
| Computer | 1,475 | 3,987 | |||
| Van expenses | 5,554 | 2,456 | |||
| Premises expenses | 7,147 | §,873 | |||
| Carriedforward | 42,763 | 41,530 |
continued...
Page 14
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
- SUPPORT COSTS - continued
==> picture [423 x 154] intentionally omitted <==
----- Start of picture text -----
||||||
|---|---|---|---|---|
|2025|2024|
|Animal|Total|
|Welfare|activities|
|£|£|
|Brought forward|42,763|41,530|
|Repairs|and|maintenance|4,231|10,032|
|Subscriptions|391|303|
|Bookkeeping|1,450|2,000|
|Professional|fees|4,715|5,153|
|Depreciation|of tangible fixed|assets|2,249|2,647|
|Bank|charges|2,113|1,188|
|HMRC|interest|8|-|
|Independent|examination|2,880|2,095|
|60,800|64,948|
----- End of picture text -----
- TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30th June 2025 nor for the year ended 30th June 2024.
TRUSTEES' EXPENSES
There were no trustees’ expenses paid for the year ended 30th June 2025 nor for the year ended 30th June 2024.
STAFF COSTS
==> picture [422 x 136] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Wages|and|salaries|160,976|134,213|
|Social|security|costs|7,467|5,009|
|Other pension|costs|3,519|2,419|
|171,962|141,641|
|The|average|monthly|number|of employees|during|the year was|as|follows:|
|2025|2024|
|Average|number|of employees|7|7|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
The key management remuneration for the year (including employer's N.J. and pension costs) totalled £58,677 (2024: £55,826).
==> picture [457 x 151] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|43.|COMPARATIVES|FOR THE STATEMENT OF|FINANCIAL ACTIVITIES|
|Unrestricted|Restricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|145,909|-|145,909|
|Charitable|activities|
|Animal|Welfare|51,528|-|51,528|
|Other|trading|activities|41,859|-|41,859|
|Investment income|13,209|-|13,209|
|Other income|48|-|48|
|Total|252,553|-|252,553|
----- End of picture text -----
continued...
Page 15
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
43. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| EXPENDITURE ON | ||||||
| Raising funds | 15,313 | - | 15,313 | |||
| Charitable activities | ||||||
| Animal Welfare | 277,235 | 1,059 | 278,294 | |||
| Total | 292,548 | 1,059 | 293,607 | |||
| NET INCOME/(EXPENDITURE) | (39,995) | (1,059) | (41,054) | |||
| Transfers between funds | 120,224 | (120,224) | - | |||
| Netmovement in funds | 80,229 | (121,283) | (41,054) | |||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 647,066 | 126,283 | 773,349 | |||
| TOTAL FUNDS CARRIED FORWARD | 727,295 | 5,000 | 732,295 | |||
| 14. | TANGIBLE FIXED ASSETS | |||||
| Machinery | ||||||
| Land and | and | |||||
| freehold property £ |
Isolation pens £ |
office equipment £ |
Motor vehicles £ |
Totals £ |
||
| COST | ||||||
| At 1st July 2024 | 616,264 | 66,569 | 39,017 | 12,139 | 733,989 | |
| Additions | 39,806 | - | - | - | 39,806 | |
| At 30th June 2025 | 656,070 | 66,569 | 39,017 | 12,139 | 773,795 | |
| DEPRECIATION | ||||||
| At Ist July 2024 | 446,429 | 14,059 | 33,061 | 11,227 | 504,776 | |
| Charge for year | 26,243 | 2,663 | 2,021 | 228 | 31,155 | |
| At 30th June 2025 | 472,672 | 16,722 | 35,082 | 11,455 | 535,931 | |
| NET BOOKVALUE | ||||||
| Ai 30th June 2025 | 183,398 | 49,847 | 3,935 | 684 | 237,864 | |
| At30thJune2024 | 169,835 | 52,510 | 5,956 | 912 | 229,213 |
Page 16
continued...
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued
for the Year Ended 30th June 2025
| 15. | FIXED ASSET INVESTMENTS | ||
|---|---|---|---|
| Cash | |||
| equivalents | |||
| on | |||
| deposit | |||
| £ | |||
| COST | |||
| At 1st July 2024 | 150,000 | ||
| Additions | 50,000 | ||
| Transfer to current asset investment | (100,000) | ||
| At 30th June 2025 | 100,000 | ||
| NET BOOK VALUE | |||
| At 30th June 2025 | 100,000 | ||
| At 30th June 2024 | 150,000 | ||
| 16. | STOCKS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Goods held for resale | 5,018 | 3,440 | |
| 17. | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other debtors | 2,357 | 1,582 | |
| VAT | 4,447 | 3,802 | |
| Prepayments and accrued income | 495,447 | 23,732 | |
| 502,251 | 29,116 | ||
| 18, | CURRENTASSET INVESTMENTS | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Cash equivalents on deposit | 353,122 | 200,000 | |
| 19. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 5,934 | 1,898 | |
| Social security and othertaxes | 1,999 | 1,389 | |
| Other creditors | 344 | 484 | |
| Accrued expenses | 2,852 | 7,546 | |
| 11,126 | 11,347 |
Page 17
continued...
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
20. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.7.24 | in funds | funds | 30.6.25 | |
| g | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 657,295 | 664,168 | (16,000) | 1,305,463 |
| Operating fund | 70,000 | - | 16,000 | 86,000 |
| 727,295 | 664,168 | - | 1,391,463 | |
| Restricted funds | ||||
| Rebuilding and Development Fund | §,000 | 4,200 | - | 9,200 |
| TOTAL FUNDS | 732,295 | 668,368 | - | 1,400,663 |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 988,976 | (324,868) | 664,168 | |
| Restricted funds | ||||
| Rebuilding and Development Fund | 6,000 | {800) | 4,200 | |
| TOTAL FUNDS | 993,976 | (325,608) | 668,368 | |
| Comparatives for movement in funds | ||||
| Net | Transfers | |||
| movement | between | At | ||
| At 1.7.23 | in funds | funds | 30.6.24 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 587,066 | (39,995) | 110,224 | 657,295 |
| Operating fund | 60,000 | - | 10,000 | 70,000 |
| 647,066 | (39,995) | 120,224 | 727,295 | |
| Restricted funds | ||||
| Cattery Isolation Pens New Building Fund - Building |
31,568 89,156 |
(500) - |
(31,068) (89,156) |
- - |
| IT and GDPR Fund | 559 | (559) | - | - |
| Rebuilding and Development Fund | §,000 | - | - | 5,000 |
| 126,283 | (1,059) | (120,224) | 5,000 | |
| TOTALFUNDS | 773,349 | (41,054) | - | 732,295 |
Page 18
continued...
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
-
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 252,553 | (292,548) | (39,995} |
| Restricted funds | |||
| Cattery Isolation Pens | - | (500) | (500) |
| IT and GDPR Fund | - | (559) | (559) |
| - | (1,059) | (1,059) | |
| TOTALFUNDS | 252,553 | (293,607) | (41,054) |
TOTAL FUNDS
UNRESTRICTED FUNDS
Generat
General funds are available to be spent in accordance with the charitable objects of the Charity, as the trustees see fit.
Designated Fund - Operating Fund
This fund was established to cover the payment of 6 month's salaries for the Charity's employees in the event that the income should reduce.
RESTRICTED FUNDS
Cattery Isolation Pens
Grants were given to the Charity over several years to fund the build of cattery isolation pens.
New Building Fund - Building
Grants have been received from Jean Sainsbury and L E Andrews to support the development cf a new building. The balance represents the written down value of the asset.
IT and GDPR Fund
£5,000 had been received from The Ratcliffe Foundation for the purpose of updating and renewing IT equipment to enable compliance with GDPR.
Rebuilding and Development Fund
This relates to funding received from The Ratcliffe Foundation to be put towards rebuilding and development.
TRANSFERS BETWEEN FUNDS
During the year the trustees agreed to designate an additional £16k from unrestricted funds te the Operating Fund to increase the balance to equate to 6 months’ salaries.
CONTINGENT ASSETS
At the year end the charity had interests in 2 (2024: 3) legacies not recognised on the basis that such amounts cannot be reliably measured.
Page 19
continued...
Worcestershire Animal Rescue Shelter
Notes to the Financial Statements - continued for the Year Ended 30th June 2025
22. RELATED PARTY DISCLOSURES
During the year ended 30 June 2025 two trustees made unrestricted donations to the charity of £1,092 (2024: one trustee made unrestricted donations totalling £608).
Page 20
Worcestershire Animal Rescue Shelter
Detailed Statement of Financial Activities for the Year Ended 30th June 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations Legacies Grants |
70,093 809,741 5,000 |
75,313 65,596 §000 |
| Donated services and facilities | 400 | - |
| 885,234 | 145,909 | |
| Other trading activities | ||
| Fundraising and events Retail sales |
8,713 23,263 |
10,744 21,115 |
| Room Hire | 10,763 | 10,000 |
| 42,739 | 41,859 | |
| Investment income | ||
| Bank interest | 11,626 | 13,209 |
| Charitable activities | ||
| Pet Plan Income | 10,160 | 9,375 |
| Subscriptions Rehoming Fees Stray Dog Contract Greyhound Rescue |
345 30,284 12,719 820 |
731 27,060 11,562 2,800 |
| 54,328 | 51,528 | |
| Other income | ||
| Wayleave | 49 | 48 |
| Total incoming resources | 993,976 | 252,553 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Fundraising Events | 829 | 4,051 |
| Just Giving Charges | 693 | 770 |
| 1,522 | 1,821 | |
| Othertrading activities Goods for resale |
9,597 | 12,692 |
| Investmentmanagement costs | ||
| Portfoliomanagement | . | 800 |
| Charitable activities | ||
| Wages Social security Pensions |
160,976 7,467 3,519 |
134,213 5,009 2,419 |
| Veterinary costs | 52,821 | 44,332 |
| Depreciation on freehold property Depreciation of isolation pens |
26,243 2,663 |
24,710 2,663 |
| 253,689 | 213,346 |
This page does not form part of the statutory financial statements
Page 21
Worcestershire Animal Rescue Shelter
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 30th June 2025 | ||
| 2025 | 2024 | |
| E | £ | |
| Support costs | ||
| Management | ||
| Hire of plant and machinery | - | 254 |
| Rates and water | 901 | 1,515 |
| Insurance | 4,935 | 4,381 |
| Light and heat | 14,428 | 14,750 |
| Telephone | 2,326 | 2,340 |
| Postage, stationery & adveris | 1,551 | 1,384 |
| Cleaning and waste collection | 3,277 | 1,770 |
| Sundries | 909 | 1,145 |
| Training | 260 | 1,675 |
| Computer | 1,475 | 3,987 |
| Van expenses | 5,554 | 2,456 |
| Premises expenses | 7,147 | §,873 |
| Repairs and maintenance | 4,231 | 10,032 |
| Subscriptions | 391 | 303 |
| Bookkeeping | 1,450 | 2,000 |
| Professional fees | 4,715 | 5,153 |
| Depreciation of machinery and office equipment | 2,021 | 2,343 |
| Depreciation ofmotorvehicles | 228 | 304 |
| 55,799 | 61,665 | |
| Finance | ||
| Bank charges | 2,113 | 1,188 |
| HMRC interest | 8 | - |
| 2,121 | 1,188 | |
| Governance costs | ||
| Independent examination | 2,880 | 2,095 |
| Total resources expended | 325,608 | 293,607 |
| Netincome/(expenditure) | 668,368 | (41,054) |
This page does not form part of the statutory financial statements
Page 22