CAVALIERS IN NEED FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 AUGusf 2024 Charity Number- 102896
CA VALIERS IIV NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CONTENTS Page Contents Officers Trustee's Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts Page 1
CA VALIERS IIV NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 OFFICERS COMMIThEE CHAIRPERSON Mrs C Southwell SECRETAR Y Mrs G E)ewart TREASURER Mrs G Hobson TRUSTEES Ms R Aiken Ms L Hendron Mrs C Southwell Mrs W Curtis Mr5 G Hobson Mrs A Sproule INDEPENDEMf EXAMINER Minshull & Co Chartered Accountants 19 Crescent Business Park LISBURN BT28 2GN BANKERS Ulster Bank Moira Office 49 Nain Street Moira CRAIGAVON BT67 OLQ HEAD OFFICE 68 Silvervjood Leaves Lurgan CRAIGAVON BT66 6LB Page 2
CAVALIERS IN NEED FINANCIAL STA TEMENTS FOR THE YEAR EPIDED 31 AUGUST 2024 TRUSTEE REPORT The trustees present their annual port together with the financial statements for the year to 31 August 2024. AIMS AND OBJECTIVES Cavaliers in Need was established during 2013 but formally adopted a constitution in August 2015. Its purposes are specifically to take in, care for. rehabilitate and rehome stray and univanted Cavalier King Charles Spaniels, Cavalier cross type dogs and any other dogs that may accompany them as companion dogs. Thi5 is done via the charity's foster care network and includes the following to educate the public about purchasing pups from responsible and ethical health testing breeders; to educate the public about the many health issues affecting the breed, and provide information, guidan and advice; to research Cavalier health so s to remain up to date and impart further knDwledge. APPLICATION OF INCOME AND PROPERTY The property of the charity must be applied for purposes in accordance with section 2 of the Charities Act (Northern Ireland) 2008. TRusfEES The charity and its property must be managed and administered by a committee comprising the officers and other mcmbers elected in accordance with the constitution. The officers and other members of the committee are the trustees of the charity and are a stated on page 2. The charity must have the following officers Chairperson Secretary Treasurer A trustee must be a member of the charity or the nominated representative of an organi5ation that is a member of the charity. The number of trustees must not be less than three and will not be subject to a maximum. A trustee rnay not appoint anyone to act on his or her behalf at meetings of trustees. APPOINTMENT AND POWERS OF TRUSTEES The charity in general meeting must elect the officer5 and the other trustees. All of the trustees must retire with effett from conclusion of the annual general meeting next after his or her appointment but are eligible for re-election at that annual general meeting. The trustees must manage the busienss of the charity and have powers to further the purposes as mentioned above. Page 3
CA VALIERS IN NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEE REPORT (continued) MEMBERSHIP Membership is open to individuals over eighteen years of age or organisations that are approved by the trustees. The trustees may only refuse an application for membership if. acting reasonably and properly, they consider it to be in the best interests of the charily to refuse the application. The applicant must be informed in writing within twenty one days of the decision. Membership is not transferable to anyone else. The trustees must keep a register of name5 and addre55es of the members which must be made available to any member on request. Membership is terminated if the member dies or if an organisation ceases to exist; the member resigns by written notice unless there would be less than two members after the resignation; any sum due from the member to the charity is not paid in full within six months of it falling due- the rnember is removed from membership by a re501ution of the trustees that it 15 in the best interests of the charity that his or her membership is terminated. RESULTS The Net Incoming Resources for the year arnounted to £4,623 (2023: £18,715 ) FINANCIAL REVIEW AND RESERVES POLICY Funds were generated during the year from donations and collections of £32,902, rehoming fees of £129,358 and £4,500 grants. The main expenses incurred In carrying out the charity's attivities were the retrieving dogs, £50,172, and veterinary fees amounting to £117,777. Reserves at 31 August 2024 were £72,322 most of which are readily available funds covering many years. running costs. Cavaliers is entirely volunteer led so there are no wage costs. Currently the core costs are funded by the surplus of ifjcome raised over the direct costs, mainly professional costs of veterinarian fees. Expenditure 15 to further the charity'5 objective5 of dog rescue and therefore most expense is directly for the charitable purposes during the year. General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purp05e5. The aim and use OF each designated fund 15 set out in the note5 to the financial statements if identified as such. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such fund5 are charged against the specific fund. Page 4
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CA VALIERS IN IVEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TRUSTEE REPORT (continued) ACTIvrrY DURING THE YEAR The cost of living crisis impacted the number of dog5 coming into our foster care from family surrenders and also as breeders continued to down-size. We took into our care and rehomed significant numbers of dogs this year and this put significant stress on our operations. When resources allowed we continued to support a small number of foreign dogs e.g.Turkey where they were impacted by the earthquake. IMPACT OF COVID-19 There is no significant ongoing effect from COVID 19. GOING CONCERN The trustees, having considered the charity's income strcams and reserves, are content that these are sufficient to weather any short-term issues over the next 12-18 months and that the going concern basis is appropriate. FUTURE PLANS The charity's current fundlng is stable and our focus remains on managing our veterinary costs tightly. We intend to continue on this basis iri the near future and to focus on generating flsnds to ensure OLJr costs are Covered in the future. RELATED PARTIES The charity carries out no transactions with any related party. TAX STATUS The Inland Revenue has accepted that Cavaliers in Need is a charity and registered it as such under the ference XN /9682. The charity is registered with the Charity Commission for Northern Ireland. INDEPENDENT EXAMINER The independent examiner, Donald R Minshull FCA of Messrs Minshull & Company, Chartered Accountants and Statutory Auditor, offers hlmself for re-appointment as independent examiner. BY ORDER OF THE COMMITTEE Chairperson Date 13 December 2024 Page 6
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF CAVALIERS IN NEED We have examined the financial statements, on pages 7 to 12, which comprise the Stateitbent of Financial Activitie5. Balance Sheet and related notes of Cavaliers In Need for the year ended 31 August 2024. The financial reporting framework that has been applied in their preparation is applicable law and Charltle5 SORP (FRS 102) and the accounting policies set out thereln. Respective responsibilities of trustees and examiner The charity's tnJ5tees are responsible for the preparation of accounts. The charity's tnjstees consider thot an udit is not required for thi5 year under section 65 of the Charitie5 Act (Northern Ireland) 2008 and that an independent examination is needed. It is my responsibility to examine the accounts under section 65 of the Charities Act follow procedures laid down in the general directions given by the Charity Commission for Northern Ireland under Section 65(9){bJ of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general directions given by the Charity Commission for Nl, as required under section 65(9)(b) of the Charities Act (Northern Ireland) 2008. An exarnination includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also Includes consideration of any unusual Items or disclosures in the aCCDunts, and seeking explanations from the trustees concerning any such matter5. The procedures undertaken do not pmvide all the evidence that w'ould be required in an audit. and consequently no opinion is given as to vihether the accounts present a 'true and fair, view and the report is limited to those matters Set out in the statement below. My role is to state whether any material matters have corne to my attention giving me cause to believe. l. That accounting records were not kept in accordance with Section 63 of the Charities Act 2. The the accoLJnts do not accord with those accounting records 3. That the accounts do not comply vlith the accounting requirements of the Charitie5 Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's Statement I have completed my examination and have no concerns in respect of the matters l. to 4. Ilsted above and, in connection with following the Direction5 of the Charity Commission for Northem Ireland, I have found no matters that require draK'ing to your attention. D R Minshull FCA - Independent Examiner Minshull & Co, Statutory Auditor Date 13 December 2024 Page 7
CA VALIERS IIV NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 INCOMING RESOURCES Note Unrestricted Grants and Donations Rehoming Fees Restricted Fund Grants and Fees Fundraising Sundry Income 32.903 129.358 4.500 15,781 1.335 32.265 154.076 4, 750 794 183,877 191,885 RESOURCES EXPENDED EXPENDITURE ON CHARITABLE ACTIVITIES Retrieval of Dogs & Transport Costs Food and Supplies Fundraising Costs Veterinary Treatments Travel & Subsistence Costs Motor Expenses Restricted Fund Activities Veterinary and Medical Expenses Retrieval of Dogs & Transport Costs 48,672 6.274 316 114,777 1,759 4,593 37,985 4,694 95.691 2,737 5,089 3,000 1.500 16,708 3,000 Total (180,891) (165,906) Total Income less Direct Charitable Expenditure 2.986 25,979 GOVERNANCE AND SUPPORT COSTS Insurance Equipment Repairs and Leasing Postage, Stationery and OfFice Supplies Advertising and Website Expenses Depreciation Bank Charges Sundry Expenses 2,888 2.869 290 363 115 1,894 677 66 2,716 735 139 GOVERNANCE EXPENSES Legal and Professional fees Accountancy & Examination Fees 320 745 179 870 Total (7,608} (7,265) BANK INTEREST RECEIVABLE Net Income(Expenditure) for the Year (4.623) 18,715 Total Funds Brought Forward at I September 2023 76,943 58,229 Total Funds Carried Forward at 31 ALJgust 2024 72.322 76, 943 The notes on pages 9 to 12 fomi part of these accounts Page 8
CA VALIERS IN NEED FIIVANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 BALANCE SHEET AS AT 31 AUGUST 2024 Note 2024 2023 Fixed Assets 3.674 6,390 Current Assets 80,690 85,248 Current Liabilities f4ffrtiunts lalhrjg one year) 5 (12,243) (14,694) Net Current Assets 68,648 70,553 Net Assets 72,322 76,943 FUNDS Unrestricted Funds 72,322 76,943 Restricted Funds 6&7 Balance at 31 August 2024 72,322 76,943 Approved, and authorised for issue. by the Trustees on the date below and signed on its behalf by ,.uyILU Chairperson Date 13 December 2024 Tre rer Secretary The notes on pages 9 to 12 form part of these accounts Page 9
CA VALIERS IN NEED FINANCIAL STA fEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity'5 Financial statements. (a) Basis of Preparation The financial statements have been prepared in accordance with Accounting and Reporknng 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 Section la) (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland. The charity meets the definition of a public benefi't entity under FRS 102. A55ets and liabilities are initially recognised at historical c05t or transacton value unless otherwise stated In the relevant accounting pollcy note. (b) Reconciliation With Previous Generally Accepted Accounting Practice In preparing the accounts, the trustees have decided that in applylng tne accounting pollcies required by FRS 102 Section l{a) and the Charities SORP FRS 102 no restatement of comparative items was required. (c) Preparation or the Accounts on a Going Concern Basis The charity reported -£4,622 cash inflow for the year and the trustee5 have fom)ulated a strategy thal will secure the immediate fvture of the charity ft)r the next 12 to 18 months and on that basis the charity is going concern. {d) Income Income is recognised when the company has entitlement to the fund5, any performance conditions have been rnet, it is probable that the income will be received and the amount can ba measured reliably. Income from government and other grants. of a revenue nature. is recognised when the company has entitlement to the funds, any performonce conditions attached to the grants have been met, it 15 pru)bable that thc income will be received and the amount can be measured reliably and is not repayable to the funder. Capital grants are amortised in line with the depreciation of the associated assets, the purchase of which has been, funded by said grants. (e) Donated Services and Facilities Donated professional services and donated facilities are recognised as income when the company has control over the item, any conditions associated with the donated item have been rnet. the receipt Df economic benefit from the use of the item by the charity is probable and the economic benefit can be measured reliably. In accordance with the Charties SORP (FRS 102) general volunteer time is not recognised. On receipt, donated proFe55iollal setwices and donated facilitie5 are recognised on the basis of the value of the gift to the charity whlch Is the amount the charity would have been willing to pay to obtain services or facllltles of equivalent economic benefit on the open market; a corresponding amount is then recogni5ed in expenditure in the period of receipt. (o Interest Receivable Interest on funds held on deposit is included when receivable and the amount can bemeasured reliably by the companyi. normally upon notification of the Interest paid or payable by the flnanaal Institutlon. Page 10
CA VALIERS IIV IVEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) Ig) Fund Accounting Unrestricted funds are availabSe to spend on activities that fijrther any of the purpoes of the company. Designated funds are unrestricted funds of the charity that the directors have decided at their discretlDn to set aside to use for a speclfic purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the company's work. (h) Expenditure and Irrecoverable Value Added Tax Expendlture 15 recognised once there 15 a legal or constructive obligation to make a payment to a third party, it 15 probable that settlement will be requireed and the amount of the obligationcan be measured reliably. Expenditure is classified under the following activity headings.. Costs OF raising funds comprise the costs of commercial trading expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the company governance and support Costs include all other costs Irrecoverable Value Added Tax is charged a5 a cost against the activity for which the expenditure was incurred. Support Costs Support Costs are disclosed separately in the Statement of Financial Activitie5. (i) Tangible Fixed Assets and depreciation Tangible fixed assets costing £200 or more are stated in the accounts at original cost le55 depreciation in order to write off the cost of fixed assets, over their estr"mated useful Sives, using the following annual rate Vehides and Equipment 25¥0 straight line (k) Debtors Debtors and accNed income are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid. (i) Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short term highly liquid investments Wlth a short maturity of three months or less from the date of acqulsition or opening of the deposit or similar account. (m) Creditors and Provisions Creditors an(5 provislons are recognised where the company has a present obligation resulting from a past event that wlll probably result in the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after any discounts. (n) Financi311nstruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with Ehe exceptlon of bank loans which are subsequently measured at amorti5ed cost using the effective interest method. Page11
CA VALIERS IIV NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) (o) Charity status and members liability The charity is unincorporated. The members include the trustees that are listed on page 2. 2. YEAR'S SURPLUS IS STATED AFfER CHARGING(CREDITING): 2024 2023 Accountancy Fees Examination Fees 373 373 435 435 3. TANGIBLE FIXED ASSETS Fixtures & Equipment Motor Vehicles TOTAL COST at I September 2023 Additions Disposals 1,073 12,330 13.403 31 August 2024 1,073 12.330 13.403 DEPRECIATION at I September 2023 Charge for the Year On Disposals 437 250 6,576 2.466 7,013 2,716 31 August 2024 687 9,042 9,729 BALANCE SHEET VALUE 31 August 2024 386 3,288 3,674 4. CURRENT ASSETS 2024 2023 Prepayments and Accrued Income Cash at Bank and Ln Hand 4,892 75.997 6,447 78,801 80,890 85,247 5. LIABILITIES (Amount5 falling due within one year) 2024 2023 Bank Overdraft Accruals and Deferred Income 12,243 14,694 12,243 14,694 Page 12
CA VALIERS IN NEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 NOTES TO THE FINANCIAL STATEMENTS (continued) 6. FUNDS Unrestrirted 2024 Restricted 2023 2024 2023 Balance at I September 2023 (Deficit)Surplus for the year 76,943 (4,623) 62,994 13,949 Funds at 31 August 2024 72.322 76,943 7. RESTRICTED FUNDS ANALYSIS At I Sept 2023 Incoming Resources Resources At 31 August Expendedl 2024 Transfers Funder - Enkalon Animal Friends Great Dane Adoption Schnauzerfest 1.000 1,000 1,500 1,000 (1,000) (1.000) (1,500) {I,000) Tota I 4,500 (4,500) 8. TRUSTEES The trustees received no emoluments or expenses payment5 during the year. 9. EMPLOYEES Number of employees There are no persons employed by the charity during the year. 10. RELATED PARTIES The are no related party transactions to report for the year. 11. PRESENTATION CURRENCY The presentation currency of these financial statement5 is pounds sterling (£GBP). Page 13