Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Unaudited Financial Statements
Year Ended 31 December 2023
Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Charity Information
Year Ended 31 December 2023
Registered Charity No. 900234 Trustees G Dix C Paradine Chief Executive N Thomas Business Address Biltor Edgelands Lane Ipplepen Newton Abbot Devon TQ12 5UF Bankers TSB Bank plc Torquay, Devon Solicitors Boyce Hatton Torquay, Devon Accountants Francis Clark LLP, Torquay, Devon
Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Annual Report
Year Ended 31 December 2023
| Contents | Page |
|---|---|
| Trustees' Report | 1 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Trustees' Report
Year Ended 31 December 2023
The Trustees submit their report and the financial statements for Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: the 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 2015).
Structure, Governance and Management Constitution
The Charity is constituted by trust deed dated 4 October 1989 as amended by a supplemental deed of variation and declaration of trust executed on 13 November 2001.
Governance and Management
The day-to-day running of the Charity is delegated to a Chief Executive appointed by the Trustees. The board of Trustees is authorised to appoint new Trustees at a special meeting as they see fit. New Trustees are invited and encouraged to familiarise themselves with the Charity and the context in which it operates. The trustees who served during the year were G Dix, and C Paradine.
Risk Management
The Trustees actively review the risks the Charity faces. The Trustees consider that maintaining reserves at current levels will provide sufficient resources for the Charity in the event of adverse conditions.
Investment powers
The Trust Deed authorises the Trustees to make and hold investment using the general funds of the Charity.
Objectives and activities
The objectives of the Charity are to benefit the public by promoting the welfare of domestic animals in distress, primarily within the Torbay and surrounding areas, and to alleviate pain, suffering and distress in such animals.
Torbay and surrounding areas are the primary areas of operation, but the Charity may operate more widely in England and Wales if the need arises.
A new Charity was incorporated in 2004 under charity number 1105487 to continue the above objectives. This Charity has remained in existence solely to receive donations and legacies, which are then donated to the new Charity to allow it to continue this work.
In setting objectives and planning activities for the year the Trustees have given careful consideration to ensuring that the charity’s activities are to the public benefit, having due regard to the guidance issued by the Charity Commission.
Reserves
It is policy of the Charity to regularly review the level of unrestricted funds held and for funds to be transferred from the Old Charity to the New Charity as required. All funds other than those for the day-today running of the Charity are held in an interest earning deposit account.
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Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Trustees' Report (continued)
Year Ended 31 December 2023
Financial Review
For the year ended 31 December 2023 the charity received legacies and donations of £165,268 (2022: £270) and total income including donations and bank interest amounted to £165,268 (2022: £8,068).
The total unrestricted funds at the end of the year were £14,349 (2022: £14,129).
Plans for future periods
The Charity will continue to donate all of its income to the new Charity to ensure that it can continue with its objectives.
By Order of the Board ……………………. 2024
G Dix
Trustee
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Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Independent Examiner’s Report to the Trustees
Year Ended 31 December 2023
I report to the trustees on my examination of the accounts of Animals in Distress (Torbay and Westcountry) for the year ended 31 December 2023, which are set out on pages 4 to 6.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I 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:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Hobbs BSc ACA
Francis Clark LLP Chartered Accountants Sigma House Oak View Close Edginswell Park Torquay Devon
…………………. 2024
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Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Statement of Financial Activities
Year Ended 31 December 2023
| Unrestricted | Total | Total | |
|---|---|---|---|
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Income from: | |||
| Donations and legacies | 165,268 | 165,268 | 270 |
| Investment income: | |||
| Interest receivable | - | - | 72 |
| ––––––– | ––––––– | ––––––– | |
| Total income | 165,268 | 165,268 | 342 |
| ––––––– | ––––––– | ––––––– | |
| Expenditure | |||
| Donations | 165,048 | 165,048 | 23,084 |
| ––––––– | ––––––– | ––––––– | |
| Net income for the year | 220 | 220 | (22,742) |
| Fund balances brought forward | 14,129 | 14,129 | 36,871 |
| ––––––– | ––––––– | ––––––– | |
| Fund balances carried forward | 14,349 | 14,349 | 14,129 |
| ══════ | ══════ | ══════ |
All funds are derived from unrestricted sources in the current and comparative years.
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Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Balance Sheet
Year Ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Current assets | ||
| Cash at bank and in hand | 14,349 | 14,129 |
| ––––––– | ––––––– | |
| Net assets | 14,349 | 14,129 |
| ══════ | ══════ | |
| Capital, reserves and funds | ||
| General unrestricted funds | 14,349 | 14,129 |
| ––––––– | ––––––– | |
| 14,349 | 14,129 | |
| ══════ | ══════ |
Approved by the Board of Trustees on ………………… 2024 and signed on its behalf by
G Dix Trustee
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Animals In Distress (Torbay and Westcountry) Incorporating Torbay Animal Welfare Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2023
1 Accounting Policies
The financial statements have been prepared under the historical cost convention and are in accordance with the charity's Trust Deed, the Charities Act 2011 and Accounting and Reporting by Charities: the 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 2015) - (Charities SORP (FRS102)) the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The functional and presentational currency of these financial statements is sterling.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
2 Incoming resources
All incoming resources becoming available to the charity in the year are recognised when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are accounted for when they are receivable.
Legacies are included when the receipt of a legacy is reasonably certain and the amount can be quantified with reasonable accuracy.
3 Expenditure
During the year a £165,048 (2022: £23,070) donation was made to the new charity, Animals In Distress (Torbay and Westcountry).
4 Staff Costs
The charity had no staff costs, and no remuneration or reimbursement of expenses was paid to the Trustees, during the current or previous year.
5 Related Party Transactions
The charity transferred its assets and operations to Animals In Distress (Torbay and Westcountry) (“the new charity”) in 2004 and it now exists solely to receive legacies and donations, which it passes on to the new charity from time to time.
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