CAVALIERS IN NEED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Charity Number - 102896
CAVALIERS fN PIEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 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 IN NEED FZNANCIAL STA TEMENTS FOR THE YEAR EJVDED 31 AUGUST 2025 OFFICERS COMMIrrEE CHAIRPERSON Mrs C Southwell SECREfAR Y Nrs G Dewart TREASURER Mrs G Hobson TRUSTEES Ms R Aiken Ms L Hendron Mrs C Southwell Mrs W Curtis Mrs G Hobson Mrs A Sproule (resigned May 20251 INDEPENDENT EXAMIIVER Minshull & Co Chartered Accountants 19 Crescent Business Park LISBURN 8T28 2GN BANKERS U15ter Bank Moira Office 49 Main Street Noira CRAIGAVON BT67 OLQ HEAD OFFICE 68 Silverwood Leaves Lijrgan CRAIGAVON BT66 6LB Page 2
CA VALIERS IN NEED FIPIANCIAL sfA TEMENTS FOR THE YEAR ENDED 31 AUGUST 202S TRUSTEE REPORT The trustees present their annual report together with the financial 5taternent5 for the year to 31 August 2025. 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 anrj rehome stray and unwanted Cavalier King Charles Spaniels, Cavalier cross type dogs and any other do9S 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 pup5 from responsible and ethical health testing breeders- to educate the public about the many health issues affecting the breed, and provide Information, guidance and advice. to research Cavaller health so S to remain up to date and impart further knowledge. 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. TRUSTEES The charity and its property must be managed and administered by a committee comprising the officers and other members elected in accordance with the constitution. The officers and other members of the comrnittee 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 organisation that is a member of the charity. The nLJmber of trustees must not be less than three and will not be subject to a maximum. A trustee may 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 officers and the other trustees. All of the trustees must retire with effect from conclusion of the annual general rneeting 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 STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 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 charity to refuse the application. The applicant must be informed in writing within twenty orie days of the decision. Membership is not transferable to anyone else. The trustees must keep a register of names and addresses 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 the member is removed from membershlp by a resolution of the trustees that it Is in the best interests of the charity that his or her membership is terminated. RESULTS The Net Incoming Resources for the year amounted to É5,792 12024.. -É4,621 1 FINANCIAL REVIEW AND RESERVES POLICY Funds were generated during the year from donatlons and collections of £33,772, rehoming fees of £96,060 and £ 19,500 grants. The main expenses incurred in carrying Dut the charity's activities were the retrieving dogs, £36,420, and veterinary fees amountlng to £116,118. Reserves at 3 1 August 2025 were £66,530 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 income raised over the direct costs, mainly professional costs of veterinarian fees. Expenditure is to further the charity's objectives 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 Irustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements if identified as such. Restricted funds are fund5 which are to be used in accordance with specific re5tri¢tions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are Charged against the specific fund. Page 4
CA VALIERS IN NEED FIIVANCIAL STA TEMENTS FOR THE YEAR EPIDED 31 AUGusf 2025 TRUSTEE REPORT (continued) ACTIVITY DURING THE YEAR The cost of living crisis impacted the number of dogs 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 again this year. When resources allowed we continued to support a small number of foreign dogs. IMPACT OF COVID-19 There is no significant ongoing effect from COVID 19. GOING CONCERN The trustees, having considered the Charity's income streams and serVes, 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 funding is stable and our focus remains on managing our veterinary costs tlghtly. We intend to continue on this basis in the near future and to focus on generating funds to ensu our 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 reference XN 79682. The charity Is registered with the Charity Commission lor Northern Ireland. INDEPENDENT EXAMINER The independent examiner, Donald R Minshull FCA of Messrs Minshull & Company, Chartered Accountants and Statutory Auditor, offers himself for re-appointment as independent examiner. BY ORDER OF THE COMMirrEE Chairperson Date 21 November 2025 Page S
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 Statement of Financial Activitie5, Balance Sheet and related notes of Cavaliers In Need for the year ended 31 August 2C125. The financial reporting framework that has been applied in their preparation is applicable law and Charities SORP (FRS 1021 and the accounting policies set out therein. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of accounts. The charity's trustees consider that an audit is not required for this year under section 65 of the Charities Act (Northern Ireland) 2008 and that an independent examinallon is needed. It Is my responsibility to examine the account5 under section 65 of the Charities Act follctrw procedures laid down in the general directions given by the Charity Commission for Northem Ireland under Section 65191{bl of the Charities Act state whether particular matters have come to my attention. Basis of independent examiner's Statement My examination was ¢arrFed out in accordance with general directlons given by the Charity CommSsslon for Nl, as required under sectlon 6519}(b) of the Charities Act (Northern Irel3ndl 2008. An examination includes a review of the accounting records kept by the charity and a comparison OF the accounts presented with those record5. It also include5 consideration of any unusual item5 or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqijired In an audit. and consequently no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matter5 set out in the statement below. My role is to state whether any material rrhatters have come to my attention giving me cause to believe.. l. That accounting records were not kept in accordan¢e with Section 63 of the Charities Act 2. The the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting reqU1MentS of the Charities Act 4. That there is further inft)rmation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examlnatSon and have no concerns In respect of the matters l. to 4. Ilsted above and, in connection with following the Direction5 of the Charity CornTnis5ion for Northern Ireland, I have found no matter5 that require drawing to your attention. D R Mlnshull FCA - Independent Examlner Minshull & Co, Statutory Auditor Date 21 November 2025 Page 6
CAVALIERS IN AIEED FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 INCOMIPIG RESOURCES Note Unrestricted Grants and Donations Rehoming Fees Restricted Fund Grants and Fees Fundraising Sundry Income 33,772 96,060 19,500 16,991 309 32,903 129,358 4.500 15,781 1,335 166,633 183,877 RESOURCES EXPENDED EXPENDITURE ON CHARITABLE ACTIVITIES Retrieval of Dogs & Transport Costs Food and Supplies Fundralsing Costs Veterinary Treatments Travel & Subsistence Costs Motor Expenses Restricted Fund Activities Veterinary and Medical Expenses Fietrieval of Dogs & Transport Costs Equipment Depreciation 33,920 4,577 412 101,118 240 6,539 48,672 6.274 316 114,777 1.759 4,593 15,000 2,500 2,000 3,000 1,500 Total 1166,306) (180,891 J Total Income less Direct Charitable Expenditure 327 2.986 GOVERNANCE AND SUPPORT COSTS Insurance Equipment Repairs and Leasing Postage, Stationery and Office Supplies Advertising and Website Expenses Depreciation Profit (Lossl on Sale of Fixed Assets Bank Charges Sundry Expenses 3,026 178 2,887 ioi 4,201 (3,1121 634 66 2.716 737 136 GOVERNANCE EXPENSES Legal and Professional fees Accountancy & Exèmination Fees 325 765 320 745 Total {6, 1191 (7,607) BANK INTEREST RECEIVABLE Net Income(Expenditure) for the Year 15,792) (4.621) Total Funds Brought Forward at I September 2024 72,322 76.943 Total Fund5 Carried Forward at 31 August 2025 66,530 72,322 The notes on pages 9 to 12 form part of these accounts Page 7
CA VALIERS IN NEED FINANCIAL STA TEMENTS FOR fHE YEAR ENDED 31 AUGUST 2025 BALANCE SHEET AS AT 31 AUGusf 2025 Note 2025 2024 Fixed Assets 18,751 3.674 Current Assets 65,630 80,890 Current Llabllities (amoynts lallin9 {hin one yearl 5 {17,851) (12,242) Net Current Assets 47,779 68.648 Net Assets 66,530 72.322 FUNDS Unrestricted Funds 66,530 72,322 Restricted Funds 6&7 Balance at 31 August 2025 66,530 72,322 Approved, and authorised for issue, by the Trustees on the date below and signed on Its behalf by Chairperson Date 21 November 2025 Treasurer Secretary The notes on pages 9 to 12 form part of these accounts Page 8
CA VALIERS IN NEED FINA14CIAL sfAfEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS I. ACCOUNTING POLICIES The following accoLrnting policies have been used con51Stently in dealing with items which are considered material in relation to the charity's financial statements. (a) Basis of Preparation The financial statements have been prepared in accordance with Accountlng and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ereland IFRS 102 Section lal (Charftles SORP (FRS10211, the Financlal Reportlng Standard applicable in the UK and Republlc of Ireland. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially recognised at historical cost or transacton value unless othenNise stated In the relevant accounting policy note. {b) Reconcillation Wlth Previous Generally Accepted Accounting Practice In preparing the accounts, the trustees have decided that In applying the accountlng pollcles requlred by FRS 102 Section l{a) an¢J the Charities SORP FRS 102 no restatement of comparative iterns wa5 required. Icl Preparatlon of the A¢¢ounts on a Going Con¢ern Basis The charity reported -£5,792 cash inflow lor the year and the trustees have formulated a strategy that will Secure the irnrnediate future of the charity for the next 12 to 18 months and on that basis the charity is a going concern. Id) Income Income is recognised when the company has entitlement to the funds, any performance condltlons have been met, it is probable that the income will be received and the amount can be measured reliablv. Inctsme from government and other grants. of a revenue nature, is recognised when the company has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not repayable to the funder. Capital grènts are amortised in line with the deprecsation Of the associated asset5, the purchase OF which has been, funded by said grants. (e) Donated Servlces and Facllities Donated professlonal servlces and donated facilltles are recognlsed as Income when the company has control over the item, any condition5 asgocialed with the donated item have been rnet, the receipt of 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 IFRS 1021 general volunteer time is not recognised. On receipt, donated professional service5 and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised Sn expenditure In the period of receipt. io Interest Receivable Interest on funds held on deposit is included when receivable and the amount can bemeasured reliably by the company, norrnally upon notification of the interest paid or payable by the financial institution. Page 9
CA VALIERS IN NEED FINANCIAL STA TEMENTS FOR THE YEAR EhlDED 31 AUGUST 202S NOTES TO THE FINANCIAL STATEMENTS (continued) (g) Fund Accounting Unrestricted funds are available to spend on activities that further any of the purpoes of the company. Designated fund5 are tjnrestrlcted funds of the charity that the directors have declded at thelr dlscretlon to set aslde to use for a speclfic purpose. Restricted funds are donations which the donor has specified are to be 501ely used for particular areas of the company's work. (h} Expenditure and Irrecoverable Value Added Tax Expenditure is recognlsed once the is a legal or constructlve obllgatlon to make a payment to a thlrd party, it Is probable that settlement will be requireed and the amount of the obligationcan be measured reliably. Expenditure 15 classified under the following activrty headlngs.. costs of raising funds comprise the costs of commercial trading expenditure on charitable activltles includes the costs of activities undertaken to fvrther the purposes OF the cornpany governance and supptrrt costs include all other costs Irrecoverable Value Added Tax is charyed as a cost against the activity for which the expenditure was Tncurred. Support Costs Support costs are disclosed separately in the Statement of Financial Activities. Tangible Fixed Assets and depre¢iatlon Tanglble fixed assets costing £200 or more are stated in the accounts at original cost less depreciation in order to write off the cost of fixed assets, over their estimated useful lives, using the following annual rate Vehicles and Equlpment 25VD Straight Ilne Ik} Debtors Oebtors and accrued income are recognised at the settlement amount due after any discount offered. Prepayment5 are valued at the amount prepaid. Cash at Bank and in Hand Cash at bank and cash in hand includes cash and short term highly Ilquid investments with a short maturity of three months or less from the date of acouisition or opening of the deposit or similar account. {ml Creditors and Provisions Creditors ènd provislons are recognised where the company has a present obligation resultlng from a past event that will probably result in the transfer of fund5 to a third party and the Bmount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after any discounts. (nl Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic fi'nancial instwments. Basi¢ financial instruments are inltially recognlsed at transactlon value and subsequently measured at thelr settlement value with the exception o)f bank loans which are subsequently measured at amortised c05t using the effective interest method. Page 10
CA VALIERS IN NEED FINANCIAL sfA TEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS (continued) (ol Charity status and members liabllity The charity Is unincorporated. The members include the trustees that are listed on page 2. 2. YEAR'S SURPLUS IS STATED AER CHARGING(CREDITING): 2025 2024 Accountancy Fees Examination Fees 383 383 373 373 3. TANGIBLE FIXED ASSETS Fixtures & Eouipment Motor Vehicles TOTAL COST at I September 2024 Additions Disposa15 1,073 12,330 23,668 {12,3301 13,403 11,003 3 1 August 2025 1,073 23,333 24,407 DEPRECIATION at I September 2024 Charge for the Year On Disposals 687 234 9,042 5,967 (10,2751 9,729 6,201 110,275) 31 August 2025 921 4,734 5,656 BALANCE SHEET VALUE 31 August 2025 152 18,599 18,751 4. CURRENT ASSETS 2025 2024 Prepayments and Accrued Income Cash at Bank and In Hand 6,525 59,105 4,893 75.997 65,630 80,890 5. LIABILITIES (Amounts falling due within one year) 2025 2024 Grants Deferred Accruals and Deferred Income 8,000 9,851 12,242 17,851 12,242 Page11
CA VALIERS IIV NEED FINANCIAL sfAfEMENfs FOR THE YEAR ENDED 31 AUGUST 2025 NOTES TO THE FINANCIAL STATEMENTS (continued) 6. FUNDS Unrestricted 2025 Restricted 2025 2024 2024 Balance at I September 2024 {DeTicitlSurplus for the year 72,322 15,792) 76, 943 (4,621 J Funds at 31 August 2025 66,530 72,322 7. RESTRICTED FUNDS ANALYSIS At I Sept 2024 Incoming Resources Resources Expended/ Transfers At 31 August 2025 Funder - Pets Foundation Jean Sainsbury Schnauzerfest 10,000 7,000 2,500 {io,0001 {7,0001 (2,5001 Total 19,500 {19,500} 8. TRUSTEES The trustees received no emoluments or expenses payments during the year. 9. EMPLOYEes Number of employees There are no persons employed by the charity during the year. 10. RELATED PARTIES The a no related party transactions to report for the year. 11. PRESENTATION CURRENCY The presentation currency of these financial statements is pounds Sterling I£GBPI. 11. CAprrAL GRANTS Included in grants deferred in Note 5 is an amount deferred in respect of grants received for the purchase of fixed assets. Contrary to to the FRS recc>mmended treatment, amounts received in respect of fixed asset purchases are matched with the related depreciation charges and are therefore amortised over the useful life of the asset concemed. The amount deferred at 3 1 August 2025 is £8,000 {2024 £nil) Page 12