Cbarity Registration NumbeR': NIC101370 Company Number: N1610695 Grovehill Animal Trust (A company limited by guaraiitee, not liaving sliai-e capital) Unaudited annual report for the year ended 31 March 2024 Grovehill Animal Trust Annual report for the year ended 31 March 2024 Contents Pages Diiectois, report Independent ex￿￿1]lerS report Statement of financial activities Balance sheet Notes to the financial stateinents 9-14 Grovehill Animal Trust Directors, report For the year ended 31 March 2024 The Dll-ectors. subinit their aTmual repoit and the unaudited financkal statements for the yeai. elided 31 March 2024. The Directors, have adopted the StateiT]ent of Recorninended Practice applicable to charities pi'eparllig their accounts iii accordance witl) die Finaiicial Repoilllig Standard applicable in the UIC and Republic of Ii-eland (FRS 102) - (ChaL'ities SORP (FRS 102)), the Flliancial Repoiting Standard applicable in the UK and Republic of Ii'eland (FRS 102) and the Charities Act (Northeni Ireland) 2008 in preparing the annual report and fll)ancial stateinents of the charity. Reference and adjninisti'ative infoi'matioii Gi'ovehill Animal Ti'ust is i'ecognised as a Chai'ity by Tlie Cliarity Corninissioll foi. Noitheni treland. ch￿'Ity numbei. NIC101370. The Du-ectors of tlie Ti'ust al'e elected meinbers of the Coiwnittee and those in office dw'ing 2023124 al'e listed below. Tlie day-to-day inanageinent of the Ti'ust is carried out by a Slielier co-ordinatoi., Volunteer Administration assistaiit, Anllnal Welfare assistant and the volunteer inanageress of the Charity shop. Mrs Violet De￿]ebY (Chairwomaii) Ms Regina Robinson (Vice-chairwoman) Ms Janice Poitei. (Seci'etai'y) Mrs An(h'ea Ke￿ (Ti'easu"er frs Danielle Caddell The pi-incipal and registei-ed ofFice of the charity is i f4ouiidi-y Lane, Oma(yh, Co Tyrone, BT78 IED. The professional advisers and bankei's are: Accowitants HMCI Lllnkted TIA HaEnÉll Mcllwaine Bankers Bank of Ireland Sti"uctui'ey governance, and management Governing document and structui'e GL'ovehill Animal Tnjst operates withiii specific rules contained within its Constitution. A new C0115tittktion was adopted oil the l Api'il 2012. Org2nisation At ea¢li Amual General Meetino thi'ee directors retll'e by rotation ond al'e eligible foi re-election, although no oiie can hold a position of directoi. foL' Iiiore than 9 ye&s. There are no i'emunerated directors. Cw'rently there are no subcoimnittees in place. Liability of directoi's The liability of each dll'ector is lllnited to £1, belllo the ainouiit that evely meinber of the Trust uiiderlakes to contribute to the assets of the Ti'ust in the event of the s￿lle being wound lip while he oi. she is a dll'ector, or withill one year after he oi. she ceases to be a dll'ector. Rislc InanHgement The directors actively i'eview the i.isks which the Ti-ust faces and believe tliat any i'isks identified are addi'essed by themselves on a tllnely basis. Such i'eviews lliclude exainination of business and operational risks, ￿ld the dll'ectors confllin that they have established systeins to initigate significant iisks. Grovehill Animal Trust Directors, report (continued) For the year ended 31 March 2024 Objectives and principal activities The Twst's inain activity during the year is the re-hoining of cats and dogs and to advance aiiimal welfare in the North West of n'eland and ils ekivirons. Mission Statement Gi'ovehill Anunal Trust tlll'ough education, co]]unitsnent and unity of purpose sets out to relieve sufferin¢f ainon(T who have been neglected, abused, ab￿]doned oi. al'e unwaiited. Objectives The Charity's objectives are specifically I'esli'icted to the advanceineiil ol anunal welfare and tlie advaiiceinent of education in mattel's peitaining to anllnal welf8re, cai'e, and tt'eathnent for tlie benefit of the public in Northei-n Th'elaiid and its environs of the RepubliG of Ireland by associating the sta￿tOry autl)oi'ities, voluntaiy orgaiiisations, and tlie inhabitants in a coinmon effort lo: a. i'elieve suffei'ing and distt'ess and inaltreatment of stt'ay, neglected, unwanted to viilnerable anirnals wliicli need caiE and pi'oteclion by the pi'ovision of a rescue and i'e-hoillllig sei.vice and a sanctuaiy foi. the care, protectioii, tt'eattnent, security and tempoi'a'y or pei'Lnaiient acconunodation of such ai]in]als, encow'age the public to adopt a inore hwiiane attitude towards anllnals, especially those which ￿'e sick or stray in need of assistance, and to diis end provide pi'actical assistaiice to such anllnals, and c. educate the PLiblic in inatteis peitalliino to aIillnal ivelfai'e ￿ld the cal'e aiid Ireallneijt of anlliials. I nsuriiig oui- Ivoi'lc delivei-s oui. aims We review our allns, objectives, and activities each year. This review looks al wliat we achieved and the outcoines of ow- worlc in the previous 12 inonths. The review looks at the success of each key activity and Ilie benefits they have bi'ouglit to t]iose ive are set up to help. The review also helps us ensw'e OUL. allTi, objectiiies and activities reinained fociised on our stated putposes. In particular, the tt'ustees consider how planned activities will coiitt'ibute to the allns aiid objectives they have set. The Focus of oui. Wol'l( The inain focus of oui. woi-k continues to be t]ie i'e-homing of cats and dogs aiid to advance anunal welf￿'e in the Norih West of Noilliern Th"elatid and its eiivu'oiis. We sts'ive to llnprove the lives of ￿]llnalS within Omagh and the SUL'rounding areas aiid in turn have a positive effect upo]] Ilie local colD]n￿lIty. We are coimiiitted to die i'escuing and i'e-boining of Iwanted, neglected, and abandoned anunals, the rehabilitation of said aijimals, the educatioii of the public in inattei-s pertauiing lo a]lllnal welfare, the pi'omotion of Jieutering and spaying of anllnals and c&npaigning for changes in legislation to protect coinpallion aniinals. We netwoi'k with other ageiicies, i.e., Local council, Dog wal'dens and Anllnal Welfare Officers. In additioii, we are ineinbei's of ADCH (Association of Dogs and Cats Hoines), who are a professional body wlio pi'omotes best practice in ansmal welf￿'e relatiiits to cat rehoining, dog relioining, dog i'escue & cat i'escue. Whatwe do All allimals who arrive at the shelter al'e given a ￿1} vetei'inary health check. Any illness oi. coiiditioiis are ts'eated uwJ]ediately. We mici'o-chip, de-flea, woiin, neuter and fully vaccinate all cats and dogs in our cai'e. We strive to inake the ￿}nnaIS slay with us as stress free and coinfoitable as possible. eiisuring all their exei'cise, social aiid nutritional needs si'e inet. Ive actively find iiew hoiiies for every animal wliich involves a pi'ocess to ensure suitability, gllai-anteeing that both aiiunal and iiew ownei. will begin diell. yeai's of coinpaiiioiiship in the best way possible. We are always available to give advice when needed. Grovehill Animal Trust Directors, report (continued) For the year ended 31 March 2024 Public benefit statemellt Pui-pose I The dll-ect benefit of this initiative lies in alleviatin(r the bui'den on pet owners who fllid themselves unable to continue caring foi. their aniinals. Tliis also eases Ibe pressui-e on individuals wlio encouiiter sh'ay anunals but are ill-equipped lo loolc after them. The positive outcoines of oui. efforts al'e evident in oui. activities of accepting, nui'tui'iiig, alid fiiiding iiew hoines for both abandoned and stray pets. Oui. services include pi'ovidllig inedical treattnent, a system for rescue and adoption, and, when necessary, a sancttiary for i'ehoining, which we publicise to eiicourage einpathy and Icindiiess ainong the coi]ununity- Over the past year, we have success￿11Y provided new homes foi. 10 I cats and docrs. This significaiitly reduces the population of feral cats, especially on fai'ins, and diminishes stiess foi. local people and the cats themselves. This objective causes no hann and sel'ves the collective good of the people in Northern li'eland. Purpose 2 The dii'ect beiiefit that flows fi'oin this P￿-pOSe includes the advaiiceinent of anllnal welfjai'e, tlie proinotion of the capacity of people for coinpassion by caring foi. injui'ed or abandoned animals and the effects of animals on huinan health and well-being. The encoura(Tement of kindness towards aiillnals proinotes coinpassion ill humans. These benefits are demonsts'ated t￿oUgh our weekly dog walking club where the geiiei'al public can coille and exei'cise homeless animals. Grovehill Anunal Trust also relies oil and encourages volunteei's fi'orn the genei'al public to assist with the daily caring of the aninials at the slieltei.. We have volunteers fi'oiii all wallcs of life, who gain gi'eat woi'k expei-ience at the shelter aiid shop. We Iiave volunteeis with leai'ning difficulties or special iieeds, alld we work closely with oi'gaiiisations including Arvalee School, Mencap and ihe pi'obation service to give voliinteei's oppoitunities tliey Inight not othei'wise get. Ti'ainee vets and aniinal welfare officers have gained expei'ience al oui. shelter, gollig on to woi'k fvll time lll their professions. Othei. students from all tlie inain schools in Ornagh have gained valuable woi'k expei'ience ividi us too. This puipose does not give rise to any hann. Tlie beneficiaries of this puwose are the genei-al public living in Noi'thern n'elaiid and young people attending schools, colleges, aiid othei. youdi oi'ganisatioiis. Pui-p05e 3 The dll'ect benefit which flows fi'oin tliis purpose includes the advancement of education, enlianced knowledge and undei'staiiding in young people throu(rh receivintr ai) educatÉon. T1iese beiiefits are deinonstt'ated through Groveliill Anllnal Ti'ust pi'oviding placeinents for schools and ¢olleues both lnainstre￿ll and Special needs schools. Gi'oveliill also pi'ovides literature and ta]ks in schools, youtli groups, suininer schejnes etc to proniote responsible anllnal owiiership and educating people on the llnportaiice of benefits of neutering anllnals. Grovehill Ani]Iial Ti'ust also pi'oinotes tlie tt'apping, neutei'llig and i'elease of feral cats within the local coininunity and pi'ovides flliaiicial assistaiice to those in need with fei'al cats. This puiyose does not give i'ise to any harin. The beiiefLciai'ies of thÉs purpose are the general public livi]ig in Northern Ireland aiid young people attending schools, colleges, and othei. youth organisations. Private BenefieiAries Cony & O'Haie Vets, Oinagli i'eceives a private benefit a5 they are paid foi. the treattnent of animals at Grovehill Anllnal Ti'ust. This is incidental and a necessai'y result or by pi'oduct of carying oiit puryose oiie.. to i'elieve the suffei-ing and distress of stt'ay, neglected OT unwanted anllnals. The benefit to the vet would be pi'ivate but incidental to the pui-poses of the chal'ity and theiefoi'e thei-e is iio ¢ollflict of lllterest as it is a necessai'y but incidental by PL'odu¢t to acliievllig oui. purposes. Statement of Compliance The trustees of Grovehill Anllnal Ti'ust, in the setting of our objectives and in the planning of our activities for this year, have giveii due cal'e and atteiition to the Chai'ity Coininission for Northern Th'elaiid's guidaiice oil public beiiefit and thus ensui-ing that the activities have helped to acliieve the charity's purposes aiid pi'ovide a benefit to the beneficiai'ies. The Trnst is satisfied that it adheres to die public benefit test set out by the Charity Coinmission foE' Noithern Ire1￿]d due to th¢ objectives and activities it pi'ovides as oiitlined above. Grovehill Animal Trust Directors, report (continued) For the year ended 31 March 2024 Achievements aiid perforniance Starting neiv dog i'uns Due to the increasing nuinber of dogs requii'ing extended rehabilitatioii and longer stays, we identified the need for additional dog runs al our sheltei-. To address this, we begaii by cleai'ing a designated area, layiiig foundatÉoiis, and pourllig concrete for tlie iiew i'uns. We also installed a fence around the site foi. secui'ity. This woi'k toolc tlu'ee inonths to complete. Once filiiding becoines available, we will pi'oceed with coiists'ucting a new dog shed. Upon coinpletion, this project will double oui. kennel capacity, eiiabling us to accoiniiiodate mol'e dogs oii-site. New aniinal ambu12nee Unfoittjnately, oul. anllnal 8￿bUlance broke down, and we were advised that it needed to be replaced. The ainbulance plays a crucial role in our operations, as it is esseiitlal loi. transporting aiillnals lo and froin the vet. As a i-esult, we had no choice biit to pui'chase a iiew oiie. Secui-ity and monitok. camei-2S We installed seciirity and monitoring cainei'as at oui. aJJllnal slielter to enhaiice the safety and well-being of both the anllnals and staff. These cainei-as provide 2417 sui.vei118nce, Iielpllig us to deter unauthoi'ized access and Inonitoi- the pi-einises foi any potential security issues. Additionally, they allow us to keep a close watch on the aiiirnals, eiisuring thell. care and safety eveii when staff is iiot physically present. This systeni is an iinportant step in pi'otecting our shelter and ensui'ing a secure envll'ornnent for everyone involved. Rei'ieiv of iiolicies We i'ecelltly conduoled a thorough review and i'evisioii of oui policies and pi'ocedures for both staff and volunteers at the sheltei.. This process was alliied at ensuL'ing that all protocols al'e up-to-date, Cle￿., and aligned with best practices lli anllnal C￿'e and shelter maiiagement. By revksing these guidelines, we have cl'eated a mol'e structured and efficiellt woi'lcing envll.0￿lle￿t, enhancing safety. com]nunicatioii. and accountability. The updated policies also pi'ovide cleai-er instructions and expectations foi. both staff and volunteers, helping us lliiprove tlie ovei'all quality of cal'e we pi'ovide to the ankmals and fostei'ing a inoi'e cohesive team. ducational outi'eaeh program Oui. educational outreacli program remained a key focus, with talks in local schools, coininunity centres about tbe impoitance of anijnal welfare and responsible pet ownership. These initiatives alln to inspire generations to care foi. animals with ¢oinpassion and respect. Revieiv of activities 2nd futui-e developments The statement of fmancial actLVlties foi. the year is set out on page 7 of the fmancial stateinents. The net moveinsnt 121 funds foi. the flliancial year is a deficit of £5,167. Reseiwes policy and results The Grovehill Anllnal Trust Iiad total i'eserves on 31 March 2024 of £122,306. The results for the yeai. are set out in the stateineiit of fll]ancial a¢tivities on parye 7. Volunteei's The Ti-LlSt is deeply gratefiil for the dedication atLd hard work of its volunteer5. who play a vital role in tlie day-to- day operations of both the Ch￿-Ity shop and the shelter. Their invaluable suppoit is essei)tial to oui- success. This year, we were pleased lo see our volunteei. team ¢Ti'ow, with around 30 individuals genei'ously offei.ing theii. tllne Grovehill Animal Trust and effort to help us acliieve OUT inission. their services. Assuining each volunteer conts'ibutes about 150 Iiours aniiually, and if these houi's were compensated at minllll wage, the collective contribution of these volunteer hours would have cost Grovehill Animal Trust over £46,890 pei aTinum. This year has been both challenging and i'ewardllig foi. our shelter. Despite the Ghallenges faced this year, we al'e pi'oud of the pi'ogi'ess we've inade aiid reinain cornmitted lo providinE the best possible cal'e foi. the aniinals in our sheltei-. Looking ahead, we al'e excited to coiitinue expandllig our services and inaking a lastiiig iinpact on oui. corninunity. Directors, certificate We appi'ove the accounts set out on pages 7 to 14 for the year ended 31 March 2024 disclosing a defLCIt of £5,167. We COLifll1n tliat we have illade available all i'elevant recoi'ds and inforination foi. their pi'eparation. "s Violet DeTmehy Chall"woinan Date= 18112124 Grovehill Animal Trust Indepeiident examiner's report to the charity trustees of Grovehill Animal Trust I report oil the accounts of the coinpany foi. the yeai. ended 31 March 2024, which are set out on pages 7 to 14. Respective responsÈbilities of charity trustees and exajniner As the charity ti'ustees (and also the dll'ectoi's of the coinpany foi. the pui-poses of company law) you are ie5ponsible for tlie preparation of the accounts lli accordance with the requirernents of the Compaiiies Act 2006. 14avllig satisfied rnyself that the chai'ity is not subject to audkt under coinpany law, and is eligible for llidependent exainination, it is my i'esponsibility to.. examine the accounts uiider section 65 of the Cliarities Act, follow tlie p1-oced￿'¢S laid down lll the geiieral Directioiis given by the Chai'Lty Commission for Northern Ireland under section 65(9)(b) of the Charities Acl, and state whether particular inatters have ooine to iny attention. Basis of indei)endent exaininer's report I have exainined youi. chai'ity accounts as required llnd￿. section 65 of the Chai-ities Act and my exainination was cari-led out i]1 accoi'dance with the genei'al DiTectioiis given by the Charity Commission foi- Noi'thern Jreland uiidei. section 65(9)(b) of the Charities Act. The exainination included a review of the accouiiting records kept by the chai'ity and a coinpaL'iSOll of the accounts PTeseiiled with those i'ecoi'ds. It also included coiisidei'ation of any UTLusual iteins or disclosui'es in the accounts and seeking explanations from you as cliai-ity trustees concernllig any such inatters. My role is to state whether any matei'ial rnattei'5 have come to my atteiition givincy ine cause to believe.. That accouiiling i'ecords wei-e not Icept in accordance with section 386 of the Cornpanies Act 2006, 2. Tliat the accounts do not accord with those accountiiig i'ecords, 3. That the accounts do not coinply with the accowiting i'equirements of section 396 of the Companies Act 2006 and with the methods and principles of the Chai'ities Statement of Recoininended Practice applicable to charities prepaiing their accounts iii accOrd￿]ee with the Flliaiicial Reportiiig Siaiidard applicable in the UK and Republic of Ireland, and 4. That there is further inforination iieeded foi. a pi'oper understanding of the accounts to be reached. llldependellt examinei s statement I can COnf￿M that l am qualified to undeitake the exainination because I am a registered ineinber of Chaitei'ed Accountants h'eland whioh is one of the listed bodies. I have completed my £xainination aud have no concei-iis in respect of the mattel's (l) to (4) listed above aiid, i connection witl) following the Directioiis of the Chai'ity Coininission foi. Noitthern Ii'eland, I liave fouiid Lio inattei's that i'equii-e th'awing to your attention. Mr Rodney Hamill BSC. FCA HMCI Lllnited TIA Hainill Mcllwaine 28-30 Old Mountfield Road Oinagh Co Tyi'one BT79 7BJ Date.. 18112124 Grovehill Animal Trust Statemeiit of financlal activities for the year ended 31 March 2024 Uni-estricted funds Resti'icted fuiids 2024 Total 2023 Total Notes Iiicomiiig i-esoui-ces Activities in furtliei'ance of the Ti'ust's objects: Aniinals received- donations 890 890 585 Aiiimals i'eliomed Activities foi- geThei"ating ￿lids.. Shop sales Collection boxes 2,870 2,870 4,003 39,975 450 39,975 450 42,200 356 Donations 9,055 5,080 6,499 9,055 5,080 6,499 12,628 10,641 6,607 Fund Raisino events Sponsorships Other incoining resources Intei'est receivable Sundry incoine - refl￿dS Sale of van 170 350 350 Donatioji fi'oin will Gift Aid i'eclallll 16,583 2,711 96,484 1,988 67,157 1,988 67,157 Total incoming i-esoui'ces Resoui-ees expei)ded Costs of generating funds.. Fuiidraising costs 1,206 1,206 1,206 1,206 216 216 Costs of chai'Ltable activÉties: Running costs - shelter Rurlliing costs - sliop Financing costs Infrastt'uctui'e costs 8,990 8,216 283 8,990 8,216 283 13,028 9,087 260 53,629 71,118 53,629 71,118 63,169 85,544 Total i"esoui-ees expended Net incoiningl(outgoing) Tesoui'ces Net moveineiit of fuJ)ds Fund balances brought foi'W￿.d at l Api'il 2023 Fund balanees cari'ied foi'ward at 31 M21'eh 2024 72,324 (5,167) 72,324 (5,167) 85,760 10,724 127,473 127,473 116,749 12 122,306 122,306 127,473 All llicoming i'esources and resoui'ces expended are derived from contlllllllig activities. Grovehill Animal Trust Company Niimbei- N161069S Balance Sheet as at 31 March 2024 2024 2023 Notes Fixed assets Tangible fixed assets 101,840 74,888 Cui'rent assets Stock 537 140 Debtor8 2,243 19,629 22,409 3,021 52,120 55,281 Cash at bank and in hand CurreTht liabilities Ci'editoi's.. ainounts falling due within one yeai. Net cui'reiit assets io (1,943) 20,466 122,306 (2,696) 52,585 127.473 Reserves Unrestricted funds Rests'ittted fullds 122,306 127,473 122,306 197,473 The coinpany is entitled to exeinption fi-oin audit undei. Section 477 of die Coinpanies Act 2006 relatllig to sinall compaiiies foi. the ye81. ended 31 MaL'ch 2024. The Liieinbers have iiot requll'ed the coinpany to obtain an audit of its fjnancial stateinents foi. the year ended 31 March 2024 in a¢¢ordan¢e with Section 476 of the Coinpanies Act 2006. The directors acknowledge tliell. i'esponsibilities for.. (a) ensui'ing tliat the company keeps accouiiting recoi'ds which coinply with Sections 386 atLd 387 of the Coiiipanies Act 2006 and (b) preparllig f]nancial stateinents which gAve a true and fair view of the state of affairs of the coinpany as at tlie end of eaGh fmancial yeai- and of its profit oi. loss for each flliancial year in accoi'dallce with the requu-eineiits of Sections 394 and 395 and which otherwise comply with the requll'einents of the Coinpanies Act 2006 1'¢lating to fjnancial statemeuts, so far as applicable to the company. The accounts on paoes 7 to 14 wei'e approved by the CoiTllnittee aiid autlioi'ised foi. issue on 18di Decembei. 2024. Mi's Violet Dennehy Chaii-lvoman Gi"ovehill Animal Trust Notes to tlie financial statements foi" the year elided 31 March 2024 Company Information Grovehill Animal Tiust is an incorporated chai'ity registered in Northei'n Ireland, with its offices located at, I Foundry Lane, Ornagh, Co Tyrone, BT78 IED. Priiicipal accounting policies Accouiiting conveiition These f￿anCIal stateineiits have been pi'epared on the gollig ¢oncei'n basis under the liistoi'ical cost conventioii, as iiiodifIed by tlie valuation of llivestsneiits, and in accordance with Stateinent of Reconuneiided Pj'actice appli¢&ble to chai'ities prepaiing IlieiT accouiits in accordance with the Financial Repoi'ting Standard applicable in the UK aiid Republic of Treland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Staiidard applicable in the UK and Repiiblie of b'elaiid (FRS 102) and the Charities Act (Northejn Ireland) 2008. Tlie principal accounting policies are set out below. The pi'eseiilatioii curreiicy of the financial statements is the Pound Sterling (£). Iiicoming i'esourees Inaoining resources are Lnainly received by way of donations, gifis aiid sale of inerchandise and are iiicluded in full lll tlie stateineiil of fmancial activities upon i'eceipt. Resoul-ees expeiided All expendittii'e is accouLlted for oil an accruals basis and has been classified iindei. Iieadings that a￿l'egate all costs related to that cateoory. Ivhei'e costs cannot be dll'ectly attributed to p￿ticular headlligs they have beeii allocated to actLVlties 011 a basis c01151Steiit with use of the resol￿teS. Staff costs and ovei.head expeiises are allocated to activitkes on the basis of staff lune spent on those activitkes. The two main activity categoi'ies al-e: Co&£ ofgeiiei'(IliFigfuit(Is Tliese include the Costs incurred sn the OTg3llisation of h￿draI$ll]E activities. Cliai'zlnble ftclivilies Charitable expenditure coinprises those costs incurred by the charity iii the deliveiy of its activities and services for its b￿]eric1￿.1e5. It ijicludes both costs that can be allocated dll'ectly to such activities and those costs of 8 indll'ect nature necessary to supply thein. Fixed assets Depi'eciatioii is calculated so as to wi'ite off the cost of fixed assets, oil a reducing balance basis. over the expected useful econoiThic lives of tlie assets concei'ned. The chai'ity has a policy of iiot ¢apitalisints assets costing less than £1,000. The pi'incipal amjual l'ates used ￿-e as follows.. Fixtures a]Id fittings Motor Vehicles Buildings Land is not depreciated. 20/0 200/0 Fund aeeoujiting Genei'al funds are um'estricted funds which are available for use at ilie discietioii of tlie ts'ustees in fLUthei'ance of the genei'al objectives of die charily and whicli have not been designated foi other purposes. 10 Grovehill Animal Trust Notes to the fInaneial statements for the year ended 31 March 2024 (continued) Prillcxpal accouiiting policies (continiied) ri und aeeounting (continued) Designated funds coinprise u]ll'estricted funds that have been set aside by the trustees lor particular purposes. General funds inay be tt'ansfeiTed to designated lunds whei'e ti'ustees wisli to use these funds foi- a specific puiiJo£e. Such ftinds may be li'ansfei-i'ed back to genei'al fuiids once the critei'ia foi. tlie designation have been Inet or al'e no longer applicable. Resti-icted fuiids are funds which are to be used in accordaiice with specific i'esti'ictions llnposed by doiioi's oi. which have been i-aised by tlie chai'ity for particulai- puiyoses. The cost of raising and adininislerllig such fuiids are chai'ged against the specific fund. The aim and use of restricted ￿ndS is set oiit ll) the notes to the ffftancial stateinents. Restt'icted flliids jnay only be traiisfeiTed to general oi. desigiiated funds oiice the critei-ia foi. I'estsictioii have been dischai'ged or no loiigei. api)ly. Judgements alld key soui.ces of estimates iinLertainfy The pi'ep&'ation of the fll]aiicial stateinents requll'ed maiiageinent to inal