E-sign ID.. laa90059-ff31417a-a11 b-4c643a681410 Charity registration number: NIC104594 Company registration number: Nl 48385 The Friends of Assisi Animal Sanctuary Annual Report and Financial Statements Year Ended 31 December 2024
E-sign ID: faa9rx)5gff31-4I7a-a114C643a68f4f0 The Friends of Assisi Animal Sanctuary Contents Page Charity Reference and Administrative Details Trustees, Annual Report Independent Auditor's Report Statement of Financial Activities (including Income and Expendrture Accounts) Balance Sheet Statement of Cash Flows Notes to the Financial Statements 16 17 18 19-30
E-sign ID.. faa9CK)s3f4f7a-allb-4c843a68l4fO The Friends of Assisi Animal Sanctuary Annual Report and Financial Statements Year Ended 31 December 2024 Charity registration number NIC104594 Company registration number N148385 Trustees Tony Mccrory Joan Cochrane Rosemary Glendinning (resigned 12106125) Kirsty Hosford (appointed 25107124) David QLSigg {appointed 131111241 Samantha Gillespie (appointed 18106125) Lauren Kendall (appointed 301051251 Kieran Mccullagh (resigned 13103124) Theresa Barrett (resigned 19102125) Andrew Wilson (appointed 16101124 & resigned 05107124) Acting Chairperson Tony Mccrory Registered office 1 Old Bangor Road Conlig Newiownards BT23 7PU Audltors KPS Chartered Accountants Chartered Tax Advisers Registered Auditors 35 Irish Street Co Down Downpalrick BT30 68W Solicitor Edwards & Co 28 Hill Street Belfast BT12LA Bankers Ulster Bank Ltd 9-11 Church Road Holywood BT18 9PU Investment managers Investec Wealth & Investment Ltd 5 Floor Cenlrepoint 58-60 Bedford Street Belfast BT2 7DR
E-sign ID.. faaSW59-ff314f7a-a1 Ib-4¢843a6B14fO The Frlends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 The Trustees of The Friends of Assisi Animal Sanrtuary present their annual report and the audited finanGial slatemenls for the period 1 January 2024 to 31 December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP). 'Accounling and Reporting by Charilies. IFRS102), in preparing their annual report and financial statements. STRUCTURE AND GOVERNANCE The Friends ofAssisi is a charity registered with the Charity Commission for Northem Ireland and is also registered as a company limited by guarantee. The Charity is govemed by a Board ofTrustees whose members act in a voluntary capacity. New appointees are inducted in the aims and objectives via the strategic plan and are provided with copies of the goveming documents of the charity. Training is available via NICVA. The powers of the Tnjstees are set out in the Articles of Assocaation. In relation to financial management. they have the power to: accept gifts and to raisè fijnds. enter into contracts to provide services: buy, or take on lease or in exchange. hire or otherwise acquire any property and to maintain and equip it for use- sell, lease, or otherwise dispose of all or any part of the property belonging to the Charity- borrow money and to charge the whole or any part of the property belonging to the Charity as security for a grant to discharge of an obligation.. establish or support any charitable trusts, associations or instilutions formed for any of the charitable purposes included in the Charitls objects- acquire, merge with, enter into any partnership, or joint venture arfangement with any other charity,. draw, make, accept, endorse. discount. execute and issue promissory notes. bills, cheques, and other instruments, and to operate bank accounts- set aside income as a resefve against future expenditure; deposit or invest funds and to employ professional fund managers on such terms as the Trustee5 may from time to time decide. invest the monies of the Charity not immediately required for ils Objects in or upon such investments, securities or property as May be thought frt, subject nevertheless to such conditions and such consents as rnay for the time being be required by law and in the same manner and subject to the same Conditsons as the Trustees of a trust pemitted to do by the Trustees Act (Nl) 2001.
E-Sign10.. faaWX)59-ff31-417a-a1 Ib-4c843a681410 The Friends of Assisl Animal Sanctuary Independent Auditorfs Report Year Ended 31 December 2024 TRUSTEES OF THE CHARITY The Directors of the charilable company are the Tmstees for the purpose of Charity Law. The Trustees who served during this reporting period are as follows= Rosemary Glendinning Tony Mccrory Joan Cochrane Theresa Barrett (resigned 19102125} Andrew Wilson (appointed 16101124 & resigned 05107124) eran Mccullagh (resigned 131031241 Qrsty Hosford (appointed 25107124) David Quigg (appoinled 13111124) Recruitment of new trustees is ongoing, and the board of trustees will consider the skills mix and diversity of the current board when recnjiting. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are the Director5 of the Company for the purposes of Company Law) are required to prepare the Trustees, Annual Report and Financial Statements for each financial period in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Accounting Generally Accepled Accounting Practice). Company Law requires the Trustees to prepare financial stalements for each accounting period which give a true and fair view of the affairs of the company and of the incoming ie50urces and application of re50uFces including income and expenditure of the company for that period. In preparing these finanrial statements. the Trustees are required to= _ seled suitable accounting policies and then apply them consistenly; observe the methods and principles in the Charities SORP(FRS102)', make judgements and estimates that are reasonable and prudenl: state whether applicable UK accounting standards have been followed, subject lo any material departures disdosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping proper accounting records which disdose wilh reasonable accuraw at any time the financial position of the company and to enable them to ensure that Ihe financial 51alements comply with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe Gompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. VISION The vision of the Charity is a future where Assisi is Northern Ireland's leading animal welfare charity and brings about a day where every companion animal has a happy home for life.
E-sign ID: 1aagj05ff3l-4I7a-al1 b4c843a68f4fO The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 AIMS The Charity's aims. as set out in tls Artide5 of Association, are specifically reslricted to animal welfare and the advancement of education in matters pertaining to animal welfare, care and treatment for the benefit of the public in Northern Ireland and its environs of the Republic of Ireland by associating with the statulory aLrthorities, voluntary organisations and inhabitants in a common effort to.. relieve the suffering, dislress, and maltreatment of slray, neglecled, unwanted or vulnerable companion animals that need care and protection by the provision of a rescue and rehoming service and a sanctuary lor the care, proteclion. treatment, security and temporary or permanent accommodation for such animals; fostei and encourage the fomiation of humane attitudes among people towards companion animals, especially those that are sick or stray or in need of assistance, and to this end provide practical assistsnce to such animals- educate the public in matters pertaining to animal welfare and the care and treatment of companion animals. MISSION The Charity's mission is- to keep as many animals in their homes as possible by providing support and advice to owners; to rescue and rehome needy animals by providing modem facilities with well trained stsff and volunteers-, to provide animal welfare educalion and leadership to all touch points within Northern Ireland. VALUES The Charity has a Set of four values underpinning its appr¢)ach. Caring and Compassionate We will aayS do the best we can for every animal within our sphere of influence. Dedioated and Committed We will strive to embrace change and look for new initiatives to deliver better animal welfare. Professional We will train our people and treat everyone with respect. EthiGal We will always strive for improvement through our policy making via research, honesty and maintenance of the law in all we do. RISK MANAGEMENT Trustees have a duty to identify and manage the key risks that affect the Charty's ability to continue lo funGtion. The Charity Commission defines risk as "that which, if it occurs, would have a severe impact on the operational performance. objectives, or reputation and which has a high chance of occurring.. The Trustees undertook an assessment of the Charity's business risks and divided these into four categories viz reputational, financial, Gompliance and operational. A risk lable was produced which quantified risk in terms of impact, multiplied by risk of occuNence and giving a risk assessment score which is categorised as either high,
E-sign ID.. faa9CIJ59-ff314f7a-a11b-4c843a881410 The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 medium, or low. The risk table is reviewed annually. Trustees were required on joining to make a declaration that they have no personal or professional loyalties that would prevent or could be perceived as preventing them from making decisions only in the besl inlerests of the Charity. PUBLIC BENEFIT STATEMENT The Chariiy has carefully considered the Charity Commission for Northem Ireland's Guidance on Public Benefit to ensure that the aclivitses it undertook during the year have helped to achieve the Chanty's objectives as well as providing public benefit. The public benefit requirement as defined in the Charities Act (Northern Ireland) 2008 (as amended) stales that to be a charity in Northem Ireland an organisation: must have purposes which fall under one of 12 descriptions of purposes listed in the Charities Acl and the purposes must be for the public benefit. Assisi's charitsble purpose falls under the 'advancement of anifflal welfare,. These benefits are the promotion of the capacity of people for compassion by caring for injured or abandoned animals. This is achieved through the reduction of the number of dogs unnecessarily destroyed in our local council pounds, the provision of pel food to food banks and other charities that deal wtth those who are temporarily homeless or who are experiencing some financial hardship. relieving stress on people who may be struggling to feed and care for their pets. This is also achieved through the rescue and rehoming of stray or unwanted ompanion animals and educating the public in relation to animal welfare and the care of companion animals. Our purpose does not give rise to any harm. The benefi¢iaries of these purposes are Ihe publi¢ throughout Northem Ireland. PLANS AND PRIORITIES The Charity ha5 a Strategic Plan for the period 2019-2024. It sets out the plans and priorities under six headings.. Finance Animal weSfare Education Communication CoMMeral People The Strategic Plan was prepared pre the Covid pandemic and has had. of necessity, to be scaled back. The annual Business Plan was also subject to frequent amendment during the year. The Trustees are currently formulating a Slrategic Plan for the next 3.5 years 2025 to 2028. PERFORMANCE AGAINST OBJECTIVES FINANCE We were selected as Community Partner w51h Pets at Home Bangor, received grants from The Jean Sainsbury Animal Welfare Trust. The Woodland Trust, PBNI (Probation Board for Northem Ireland), Walker Grant and Ards and North Down Borough Counul. Several external events took place during the year induding a wine tasting evening at the Stables, Groomsport with all proceeds going to Assisi. We also held our usual annual fundraising evenls such as Ihe Poker Run. Summer Fair, Doggy Reunion Day, Winter Market and our 3 Santa Paws events. Street collections were carried out throughout the year.
E-sign ID: faa9oo5ff3I-4f7a-a1l b-4c843a6B1410 The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 ANIMAL WELFARE Altemative locations for a new sanctuary were evaluated and ultimately the decision was made that the current site would provide the best way forward and planning options are being progressed. The trustees are open to future land or propety acquisitions. During 2024 the Assisi Outreach Programme continued to help hundreds of household5 throughout Northern Ireland to keep their companion animal within Ihe family unit without them being an additional drain on very limited resources. Assisi Outreach was able lo achieve its aims by working with other organisalions such as local St Vincent De Paul. Community Advice etc, who contact Assisi Outreach with a referral for their clients who have a companion animal in need offood and other items. Assisi Outreach also provided pet food to various food banks acros5 the province. in Ards. Belfast, Newry and Portadown and to Team Haven, la charity Ihat promdes meals to the homeless 6 nights a week), for those who are homeless and have a companion dog. We continued to work with individuals who TNR, or those who run small rescues, providing caUdoglkitten/puppyl food for Gerrnan Shepherds, Greyhounds, Huskies etc. Individuals who foster kiltens that are just hours or a few days old, received baby milk, fflousse. and kntten pouches during kitten season throughout 2024. We also supplied rabbit and guinea pig food lo individuals and rescues. Assisi Outreach continues to reach out into the local community, supplying thousands of meals and providing support for companion animals outside ofAssisi's gales. There was a high demand for intake of animals during 2024, but current facilities limit the number of animals we can accommodate. Rehoming figures have increased overall on previous years. Rehoming Cats 2020 2021 2022 2023 2024 121 87 114 192 210 Dogs Rabbits 157 104 88 106 129 30 29 28 46 36 Small Animals 105 68 102 105 Totals 392 325 298 446 480 Some stories of note from 2024 Leo, a 9-year-old blind Labrador retTiever, came to Assisi as a last resort be¢ause he was at risk of being put to sleep due to his previous ownerfs circumstances. His friendly and loving nature quickly won over everyone at Assisi. and we were determined lo find him a second chance, although his blindness made it more dtfficult to find the right home. Eventually the perfect person came along. Initially they were inleresled in anolher dog, but Leo stole their heart. We've since received numerous updates confirming that Leo is living his best life with his lovely new family. Brian - On 11#) April 2024 we were contacted about a stray chihuahua spotted at a building site in North Belfast. After a determined search by slaff. we were able to rescue the scared little dog who was named after the kind man who had alerted us to his presence. Brian wasn't microchipped and no owner could be found. As Brian began to trust the staff his sweet, cheeky personality began to emerge and he soon found a loving home with a family experienced in caring for chihuahuas. After a successful introduction to his new doggy brother, Brian went home and has settted well inlo the famity who adore him. Flynn, a Border collie spent altogether 407 days in Assisi - being overlooked becaus8 of his age and his poor leg. Flynn was the sweetest boy, and we just couldn't understand why his forever home didn't come before it did.
E-sign ID: faa9Sff3f-4f7a-al Ib-4c843a68t4fO The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 Flynn came into our care in April 2023 as a failed working collie. but this was mainly due to a leg injury that was left untreated and healed in a way that caused him discomfort. Fnn was bullied by the other collies at the farm and the decision was made that he would be put lo sleep if the owner couldn't find him a rescue space. We look him in slraight away. When first meeting Flynn. like every collie, just wanted to please in every way, scared of being hit for not pleasing you enough (sadly this is common in farm collies as this is the treatment they tend to get). Flynn soon became a volunteer and slaff favourite with his loving eyes and the desire lo sil on top on you when you lenl down for cuddles. He was a brilliant dog who deserved a great home and. happily. in May 2024 a lovely man and his granddaughter fell in love with him straight away. Flynn was away off to his new home with a lovely big garden (more like a field) to play in and he loves sunbathing at the kttchen door while his new owner makes breakfast for them both. Cats: Cèce was an ex-Assisi cat Ihat came baGk into our care at the end of 2023. She was a typical tortie with an abundance of tortitude, and was extremely unhappy about her stay at Assisi. Because ofthis Cece was difficult to work with, espeaally when it came time for her to return to her kennel. but staff worked hard with her and were able lo bring her around, mostly in the form of bribery with Dreamies. Staff were worried that Cece would become a long-term resident because of her behaviour, but thankfully due to their hard work they were able to create a video showing off Cece's affectionate side and this attracted the attention of her future adopter. Luckily. the atjopter had previous experience of owning a tortoiseshell cat and was willing to give Cece the patience she needed to come out of her shell and show her true personality! Cece was able to go to her new home after about 2 months at Assisi and clearly landed on her paws as she settled amazingly well into her new home and is adored by her new family. Fern & Lycan were both long termers at Assisi. but they didn't originally come into our care together. Lycan came first and was bfoughl into Assisi after being found as an injured kitten and wa5 suspected to have been thrown out of a moving car. He was nursed back to health by the vets and staff at Assisi, but it turned out he was semi-feral. Lycan was then put into the run at Assisi so he could have more space and, little did he know. it would be where he would meet his fulure gidfriend. Fern came to Assisi as a young kitten. and while the rest of her siblings found homes quickly, she was overlooked due to her timid personality. Evenlually she was moved into the run, and itwas love at first sight. Fern and Lycan were known as the king and queen ofthe run and were rarely spotted apart. After 5 years al ASSISI, the perfed home finally came around. Someone contacted L5S looking fof semi-feral cals and were willing to work with Assisi in creating the perfect home for them. After multiple visits and a bil of time getting everything sorted, in March 2024 Fern & Lycan finally headed to their forever home. They now have acres of land to explore and have even made some new cat friends- but theif eyes have never wandered, and they alway5 come back lo their home lo have cuddles together at night. Missy- We had a phone call in August 2023 from someone whose family member had passed away and lefl a cat behind. As they were having trouble catching the cat, we lent Ihem a cat Irap and eventually they managed to trap her. When she was brought to Assisi it was immediatèly clear that something was very wrong as there was a horrible smell coming from the trap. Staff investigated and it was quickly discovered that the cat- who we named Missy- had degloved her tail. She was taken to the vet who said she was going to have to have her tail removed. Initially, they tried lo save part of it, but it was causing a lot of irritation and behavioural issues for Missy who kept attacking the stump. The vets had to reassess the situation and made the decision to remove the whole tail. After some recovery time, Missy was starting to adjust lo her new tail-less lrfe bLrt. as she was still having som8 issues. she was prescribed medication to help with the adjustmenl and keep her stress down. Missy was then ready for fostering to help her fully recover in a less slressfvl environment. A lovely couple came along and immediately fell in love with Missy. They took her on fosler and a couple of months later fully rehomed her. Missy is now completely off her medication and is loving her new life with her new parentsl Smalls: Fiver originally came into our care alongside another rabbit called Bigwig. However, Bigwig was bullying Fiver. leaving him with quite a lot of scars on his face. We didn't have any space in the small animal unit al the lime, so he went to the home of a staff member. Fiver was a very healthy boy, so we booked him in for neutering. All went well but Ihe only thing that was off about him post-neuter was his toileting. It wasn't that he was urinaling too little- the opposite was happening - too much. After a blood lest. it was found that Fiver had some quite bad liver failure.
E-sign ID.. faag))59-ff3f4f7a-a11b-4c843a66f4fO The Friends of Asslsl Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 As bad as il sounds, it was better that il was his liver that was damaged, and not his kidneys as the liver self-heals., kidneys don't. Due lo this, Fiver stayed on long-lem foster with the staff member, and he thrived. Honestly, ifyou weren't the one cleaning out his hay tray every day, then you'd think he was perfectly healthy. He was hyper, curious and most of all mischievous- within Ihe first few months he had destroyed the slaff memberfs blinds, wires and sofa. After 2 years on foster care, he got the all-clear for his liver and so the next big step in the world of Fiver was finding him a spayed girtfriendl There was an ex-Assisi rabbit, Arwin, who at the time. had recently lost her bunny partner. We had previously lried lo bond her with some other male rabbits. but she did not like them. As Amin's owner also loved Fiver we decided to see if they would bond. Their first meet went as well as most first meets normally go - Arwin bit Fiverfs nose and eye! Bul it's important to persist wilh bunny bonding and over time they started getting along a bit better, but Arwin was still being very spicy towards him. She gave him one final 'bluff charge, and that was it, Ihe roles reversed. Fiver started giving Arwin a chase around and as soon as he did thal, she became very submissive. Once Ihey were fully bonded, Arwin's owner adopted Fiver and brought the pair back lo her house. She has a purpose-built rabbit building in the back garden for the hvo oflhem, so they have endless access to unlimited space, enrichment and loads of things for Fiver to destroy to his hearfs content. The Big Cheese - Every so often we set up a stand at Pets at Home in Bangor for fundraising and education. On one such occasion a man came into Pets at Home with a rat that he said had been fighting with the other malè rat he was living wtth. so he wanted to hand it into Pets at Home. Since we were there, we said we'd take the rat to Assisi, but it was clear something gnarly was up with him. There was a led liquid all over his fur, which could have been blood or skin secretion, and his back legs weren't very strong as he was waddling around the place. alm05t dragging them. But the most wsible thing about him was hi5 weight. He was a big boy. very big. This was why we chose the now iconic name- The Big Cheese. The Big Cheese started to improve after being in our care for only about a week, his skin had already cleared up and he was a lot more trusling of us. We had lo downsize his enclosure a little in case he tried climbing up high as he was in danger of falling like a lon of bricks. He did still have hammocks, and other bits of enrichment in his enclosure. Al the slart. he didn't have any success actually getting lo Ihe hammocks. Over lime his back leg muscle5 grew stronger and although he had a few misfires- getting half of his body onlo hammock then falling off - that was happening less often. Soon we'd often find him spending most of his day lounging in his hammocks since he was in much better shape than when he firsl arrived. it was time to find him a friend. Contrary to what most people believe, rats are very popular and loved animals. So, once The Big Cheese was ready for adoption. he was snapped up by someone who already had a rnale rat and he's living his best life. Bones- he was such a ray of light in the rabbit unit, both because he was a gentle soul. and because you'd be blinded by his white fur when the sun hit off it. Bones originally came into our care in 2019 during the time that we were getting the Small animal unit rebuilt from the ground up. Due lo Ihat, we didn't have a great deal of space. so he went on foster wÉih a staff member. They had another foster rabbit Galled Penelope who had recently lost her partner. Bones and Penelope bonded very quickly and forged a very close connection. The pair were adopted relatively quickly. Fast-forward to 2023 and Bones wa5 back in our care. Penelope had only recently passed and, as the ownerfs health was going downhill, they weren able to bond Bones with another rabbit. Bones settled in very quickly and became accustomed to his new surroundings. He hadn't changed a btt. he was slill such a fun loving, active boy who would mell as soon as you gave him head rubs. All was good with Bones except for one thing- his movement. He had a bit of a waddSe to his slride, making him look a little drunk. Bones was everyone's favourite boy. Members of all unit5 would come lo the small animal unit to get some Bones snuggling time. Because of his arthritis he was on medication Iwice daily, which he loved as tl tasted like honey so was almost like a treat for him. At the start he was getting laser treatment for his arthritis. but then he moved on to acupuncture every week. He sat very well for his acupuncture, and his physiotherapist. Josie, loved him! 10
E-sign ID.. laa90059-ft314f7a-a11 b4c843a68f410 The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 For about 10 months Bones was doing well. Itwas dèar that he was becoming less mobile due to his arthritis. bul it wasn't anything major- he still got around well. Though. as is often the case with bunnies, they can go downhill very quickly. Bones. movemenl suddenly took a turn for the worse and, instead of just looking a little drunk while walking. he was falling over himself. Then over the course of a month, his back legs were basically not being used due to musde wastage. Even with more medication and more physio, he was getting worse and worse. In August 2024. we knew it was time to let him go lo sleep. His quality of life had severely deteriorated. and it gol to the point where he was basically immobile. Bones went to sleep being comforted and snuggled by the ones he loved, and who loved him. EDUCATION 2024 saw an increase in the number of school and youth groups requesting talks and presentalions. predominantly within the Primary and early post primary year groups. All talks resulted in both financial and goods donations with quite a few schools and groups Ofganising their own fundraising activities for the charity. COMMUNICATION Our volunteer and supporter E-newsletters were sent out regularly throughout the year with 6 editions of each and the Paw Prints magazine continued to prove informative and popular with supporters and shoppers alike. The covering letters of appeal for donalions proved very successful. The magazine is also popular at various events with increasing interest in the digital version whith facilitates online viewing. The Bangor Spectator continues to provide a monthly opportunity lo promote and highlight long term animals needing homes. Other media activity involved various local radio and television interviews with BBC & UTV and continued growth across all our social media platfomis. Throughout the year we attended multiple events around the province ensuring a presence al anirnal relatèd events. Our summer fair at Bangor Seafront welcomed almosl 40 visiting stalls and proved lo be very popular. We continued to play our part as one of the charities workn'ng together on the NICAWG group, driving improved animal welfare legislation in Northem Ireland. COMMERCIAL December 2024 saw the opening of our fourth charity store siluated on East Belfast. While it is still early days. the store is operating very well and attracting more interest from the local community. The remaining three stores are doing well but there are some issues with the buildings, in particular Holywood where damp and water leaks are proving problematic and inveslment in repairs is required. The search for new commercial properties is ongoing. PEOPLE There were some staff and volunteer changes in 2024, but the turnover of slaff has largely stabilised. Two more trustees were co-optèd to the Board during the year. and they are up for eleclion at the AGM. Staff appraisals were carried out and various staff received emergency first aid training as well as fire warden training. Several staff had the opportunity to attend the ADCH conference and VelRehabNI provided training for our staff free of charge giving them greater insight into potential health issues wilh the animals coming into our care. Ongoing volunteer recruilment, induction and training took place throughout the year and a social event for staff and volunteers was organised in June to celebrate Volunteers Week. We had the benefit of a number of groups of Corporate Volunteers working several days a week at the sanctuary from March through to Ihe end October carrying out painting and maintenance jobs. 11
E-slgn ID.. faa95ttJ1-4f7a-al1b-4C643a68f4fO The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 FINANCIAL REVIEW (INCLUDING RESERVES POLICY) The financial statemenls cover the year ended 31 * December 2024 and are prepared on an accwals basis which is in keeping with the accounls of previous years. Total income was £1.738,644 which is an increase of£382.322 on the figure of £1.356.322 for 2023. Income from activities such as general donalions. donations by bank mandate, tax daims, collection boxes and street collections etc amounted to £195.684 which was a decrease of £44,484, from the 2023 figure of £240,168. We also recèived total legacy income of £910,720 which was an increase of £512,734 compared with £397.986 in 2023. Income from fundiaising events decreased by £26,844 from £72,240 in 2023 to £45.396 in 2024. Shop income has decreased by £74.746 from £557,439 in 2023 to £482,693 in 2024 while investment income increased by £928 from £18.731 in 2023 to £19,659 in 2024. Hislorically rehoming income was treated as a donation. From the start of 2018 such income has been treated as a sale and induded in income from trading activities. On the expenditure side overall, we spent £1.028.890 on charitable activities compared to £1.006.306 in 2023 - decrease of £22,584. We continue to keep a tight control on our costs. In total we have spent £1,360,774 on all our activities in 2024 compared to £1,404.531 in 2023. As such at 31 December 2024. we had net assets of £2,366,760 compared 10 £1,932,038 at Ihe end of 2023. Overall, we show a surplus of income over expenses for the year of £434,722 compared lo a surplus of £26.536 in 2023. Reserves Policy The trustees have established Ihe level of reserves (that is those funds that are freely available) that the charity ought to have. The level of unrestricted reserves that the charity aims to retain are as follows-, General Purpose Fund - this is a fund available at the discretion of the Trustees in respect of the furttterance of the objectives of the charity. The level of funds that the charity aims to retain are equivalent to three months operating costs. Trustee Designated Fund this is a fund used to maintain and upgrade site facilities. A minimum fund limit has been set at £100,000 by the Trustees. DISCLOSURE OF INFORMATION TO THE AUDITORS We, the Trustees. who are the Directors of the Company who held Offi at the dale of the approval of these Financial Statements as set out above each confirm. so far as we are aware, that-. there is no relevant audit information of which the Company's audÈtors are unaware and., we have taken all Ihe steps that we ought to have taken as Trustees to make ourselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information. SMALL COMPANIES EXEMPTION This report has been prepared in accordance with the special provisions for small companies under part 15 of the Companies Act 2006. On behalf of the Board of Trustees T Mccrory Tony Mccrory Trustee Date.. 5th August 2025 12
E-sign ID.. faa95ff3l4f7a-a1l b4c843a68f4fO The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 Opinion We have audited the financial stalements of The Friends of Assisi Animal Sanctuary for the year ended 31 December 2024 which comprise of the Statement of Financial Aclivities (including Income and Expenditure AGGount}, the Balance Sheet, the Cashflow Statement and notes to the financial statements, including significant accounting po5icies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Slandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradice). In our opinion the financial stalemenls: give a true and fair wew of the state of the charitable company's affairs as al 31 December 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended.. have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting PracliGe', and have been prepared in a¢¢ordance with the requirements of the Companies Act 2006. Basis for opinion We conducted Ouf audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financia5 statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibililies in accordance with these requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees, use of the going concern basis of accounting in the Preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainlie5 relating to events or conditions that, individually or colledively. may cast significant doubt on the Gharitable company's ability to continue as a going concem for a period of at least e1ve months frorn when the financial statements are authorised for issue. Our responsibilities and the responsibililies of the trustees wtth respect to going concem are descfibed in the relevant sections of this report. Other infomiation The olher infomiation comprises the information induded in the trustees annual report, other than the financial statements and our auditor's report thereon. The tnjstees are responsible for the other information contained within the annual report. Our opinion on the financial statements doe5 not cover the other information and, except to the extent otherwise explicttly stated in our report. we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo detemiine whether this gives rise lo a material misstatement in the financial statements themselves. If. based on the work we have perfom)ed, we conclude that there is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. 13
E-sign ID.. Iaaff3f417a-al1 b4c843a6814fO The Friends of Assisi Animal Sanctuary Independent Auditof s Report Year Ended 31 Decernber 2024 Oplnions on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial slatemenls., and the directOTS' report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and underslanding of the charilable company and its environment obtained in the course of the audit, we have not identified material misstatemenls in the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and retums; or certain disdosures of directors, remuneration specified by law are rsot made., or we have not received all the information and explanations we require for our audrt Responsibilities of trustees As explained more fully in the truslees. responsibilities ststement set out on page 5, Ihe trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparalion of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's ability to Continue as a going concem. disclosing, as applicable: matters related to going concern and using the going concern ba515 of accounting unless the trustees either intend to liquidate the charitable company or to cease operats'ons, or have no realistic alternative but to do so. Auditor's responslbilitles for the audit of the financial ststements Our objectives are to oblain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditof s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK) will always detecl a material misstatement when il exisls. Misstalemenls can arise from fraud or error and are considered material rf. individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, inctuding fraud is detailed below.. Discussions wilh management, including consideration of known or suspected instances of non- compliance with laws and regulations and fraud.. Identifying and rewewing significant manual joumal entries-. Evaluating. and where appropriate, Challenging assumptions and judgements made by management in making significant accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularFties, including those leading lo a material misstalement in the finanaal statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and Iransacts'ons reflected in the finanual stalements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion. omission or misrepresentation. 14
The Friends of Assisi Animal Sanctuary Independent Auditor's Report Year Ended 31 December 2024 As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepiicism throughout the audit. We also- Identify and assess the risks of malerial misstatement of the financial statements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks. and obtain audit evidence that 15 sufficienl and appropriate lo provide a basis for our opinion. The risk of not detectin9 a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepresentations, or the override of internal control. Obtain an undetstanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the char¢table company's internal control. Evaluate the approprialeness of accounting policies used and the reasonableness of accounting estimates and related disdosures made by the trustees. Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whelher a material uncertainty exists related to events or ondilions that may casl significant doubt on the charitable companys ability to Continue as a going concern. If we condude that a material uncertainty exists, we are required to draw attention in our auditorfs report to the related disdosures in the financial statemenls or. if such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However. future events or conditions may cause the charitable company to cease to continue as a going concem. Evaluate the overall presentation, structure and content of the financial stalemenls. including the disdosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation {i.e. gives a true and fair view). We communicate with Ihose charged with 9ovemance regarding, among other matters, the planned scope and timing of the audit and significant audil findings, induding any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to Ihe charitable company's trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulalions (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do nol accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have fomied. KYRAN SMYTH (Senior Slatutory Audilor) For and on behalf of KPS Chartered Accountants Chartered Accountants & Stalutory Auditor 35 Irish Street Downpatrick Co Down BT30 6BW Date: 51h August 2025 15
E-sign ID.. faa9())5&ff31-4f7a-a1 Ib-4c843a68f410 The Friends of Assisi Animal Sanctuary Statement of Financial Activities (including Income and Expenditure Account) Year Ended 31 December 2024 2024 2023 Unrestricted Restricted funds funds Totsl Total Nots Income from: Donations and legaries Olher trading activities Investments Total income 1,101,584 600.601 19.659 1.721.844 16,800 1,118,384 600.601 19.659 1,738,644 651,704 685,887 18,731 1,356,322 16,800 Expenditure on: Raising funds Charitable actiwties Total expendlture (331,884) (1.012,376) (1,344,251) (331,884) (16,523) (1,028.890) {16.5231 11.360,774 (398,225) (1,006,306) 11,404,531) Nei gainsl{losses) on Investments 31,158 31,158 (432) Net Incomel{expenditurel 408,751 277 409,028 (48,641) Transfers between funds Other recognised gains l {losses): Gains I (losses) on revaluation 14 of ir)vestmenls Net movement in funds 25,694 25.694 75.177 20 434,445 277 434,722 26,536 Reconciliation of funds: Total funds brought forward Total funds carried forward 20 1.862.144 2,296,589 69,894 70,171 1,932,038 2,366.760 1,905,502 1.932,038 All income and expenditure derive from continuing activities. The statement of financial activities in¢ludes all gains and losses recognised during the year. The notes on pages 18 10 30 fom) part of Ihese financial statements. 16
E-sign ID.. faagJO59-ff31-4fia-a1 TtF4c843a681410 The Friends of Assisi Animal Sanctuary Balance Sheet Year Ended 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investmenls 13 14 637.657 968.955 654,010 912,469 1.606,612 1.566,479 Current assets Stocks Debtors Cash on deposit- Investec Wealth & Investment Ltd Cash at bank and in hand 15 16 14 14,171 81,462 34,864 702,299 12,988 92,627 23,275 314,304 832,796 443,194 Creditors: amounts falling due within one year 17 {72.648) (77,635) Net current assèts 760,148 365,559 Total assets less current liabilities 2,366,760 1,932,038 Creditors: amounts falling due after more than one year 18 Net assets 2,366,760 1,932,038 Charity Funds Reslricled funds Unrestricted funds.. General Purpose Fund Designated Fund- Ftxed Assets Total charity funds 20 70,171 69,894 20 20 20 953,064 1.343,525 2,366,760 595,130 1,267,014 1,932,038 These finanual statements have been prepared in accordance with the provision5 of the Companies Act 2006 applicable to companies subject to the small companies regime. The financial statemenls were approved and authorised for issue by the Board on 23 July 2025. Signed on behalf of the Board of Trustees T Mccrory Tony Mccrory. Trustee Date: 5th August 2025 Company registration number: Nl 48385 The notes on pages 18 to 30 foryn part of these financial statements. 17
E-sign ID.. faa9W59-ff314f7a-a11b-4c843a6B1410 The Friends of Assisl Animal Sanctuary Statement of Cash Flows Year Ended 31 December 2024 2024 2023 Note Cash flow from operating activities 22 446,483 124,645 Net cash flow from operatlng activities 446,483 124,645 Cash flow from investing activities Payments to acquire tangible fixed assets Payments to acquire investmenls Receipts from sales of tangible fixed assets Receipts from sales of investments (16,106) (240.645) (9,359) 179,857) 209,853 56,552 Net cash flow from investing activities (46,898) {32,664) Cash flow from financing activities Repayment of finance lease liabilities Net cash flow from financing activities Net increase in cash and cash equivalents in the financial year 399,585 91,981 Cash and cash equivalents atthe beginning of the financial year 337,578 245,597 Cash and Gash equivalents atthe end of the financial year 737,163 337,578 Cash and cash equivalents consists of: Cash al bank and in hand Cash on deposit - Investec Weatth & Investment Ltd 702,299 34,864 314,303 23.275 14 Cash and cash equivalents atthe end of the financial year 737,163 337.578 The notes on pages 18 to 30 fom part of these financial ststements. 18
E-sign ID.. laa9CM)59-ff314f7a-a11 b4c843a6814fO The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 1 Summary of significant accounting policies lal General inforniation and basis of preparation The Friends of Assisi Animal Sanctuary is a company limited by guarantee in Northem Ireland. In the evenl of the Gharity being wound up, the liability in respect of the guarantee is limited to £1 per member of Ihe charity. The address of the registered office is given in the charty informalion on page 3 of these financial slalements. The charity provides a sanctuary for animals and is dedicated to the welfare of companion animals. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) - {Charities SORP {FRS 10211, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted Practice. The financial statements are prepared on a going concem basis under the historical cost convention. modified to inGlude certain items at fair value. The financial statements are presented in sterling which is the fijnctional currency of the chartty and rounded to the nearest £1. The significant accounting policies applied in the preparation of Ihese financial ststements are set out below. These poliaes have been consislenlly applied to all years presenled unless otherwise stated. (b) Funds Unrestricled funds comprising the General Purpose Fund 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 purposes. The Trustees Desi9naled Fund was estsblished in June 1998 lo hold donations from a public appeal lo enable the purchase of land and buildings comprising 1 Old Bangor Road. Conlig, Newtownards. The freehold property was purchased for £85,000 in August 1999. Funds in excess of the purchase price and associated professional fees are held in the Tru5tee5 Designated Fund to be used to maintain and upgrade sile facilities. Specific animal welfare related projects may. at the discretion of the Trustees, receive contribulions from this fvnd. The Trustees have sel a minimum limit for this fund of £100,000. 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 funds are charged against the specific fund. The aim and use of each restricted fund is set out in the noles to the financial statements. (cl Income recognition All incoming resources are included in the Statemenl of Financial Activities (SOFA) when the charity is legally entilled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. Sf therè are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and it is probable that they will be fulfilled. Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is detemiined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilrties and services. A corresponding amount is recognised in expenditure. 19
E-sign ID.. faa90059-ff31-417a-a11b-4¢843a681410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 No amount is included in the financial statements for volunteer time in line with the SORP IFRS 102). Further detail 15 given in the Trustees, Annual ReporL Where practicable. gifts in kind donated for distribution to Ihe beneficiartes of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipl or if the costs to undertake such a valuats'on outweigh any benefits, then the fair value is recognised as a componenl of donations when it is distributed and an equivalent amounl recognised as charitable expenditure. Gifts in kind donated for resale are induded at fair value. being the expected proceeds from sale less the expected costs of sale. Where estimating the fair value is praclicable upon receipt it is recognised in stock and 'lncome from other trading aclivities,. Upon sale, the value of the stock is charged against 'lncome from other Irading activilies. and the proceeds a recognised as 'lncome from olher trading activitie5'. Where it 15 impracticable to fair value the items due to the volume of low value items they are not recognised in the financial statements until they are sold. This income is recognised within 'lncome from other trading activilie5'. Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not deferred over the life of the asset. For legacies. entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity howevef il is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and discjosed. Income from trading activities includes income eamed from fundraising events and trading activities to raise funds for the charity. Income is received in exchange for supplying goods and services in older to raise funds and is recognised when entitlement has occurred. Income from grants is recognised at fair value when the charity has entitlèment after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is eamed through holding assets for inveslmenl purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investmenl management costs incurred within a scheme with reasonable auraCY the investment income is reported net of these costs. 11 is included when the amounl can be measured reliably. Inlerest income is recognised using the effective interest method and dividend income is recognised as the charity's righl to receive payment is established. Other income includes other income not recognised under other headings. Idl Expenditure recognition All expenditure is accounted for on an aral5 basis and has been classrfied under headings that aggregate all costs related to the calegory. Expenditure is recognised where there is a legal or constructive obligation to make payments to Ihird parties. ti is probable thal the settlement will be required and the amount of the obligation Gan be measured reliably. It is categorised under the following headings.. Costs of raising funds- Expenditure on Gharitsble activities: and Other expenditure represents those items not falling into the Categories above. (el Vat The charity registered for val in 2018. As such income and expenses for the year ended 31 December 2024 are shown net of vat as appropriate. Irrecoverable vat is induded in the expense to which it relates. 20
E-sign ID.. laa9(M]59ff3f4f7a-a11b-4c843a881410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 {fj Support costs allocation Support Gost5 are Ihose that assist the work of the charity but do nol directly represent charitable activities and include Offi wsts, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of Ihe charity. Where support costs cannot be directly attributed to particular headings they have been allocaled to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the iesources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating infomiation in support of the charitable acttvitie5. Ig) Tangible fixed assets Tangible fixed assets are stated at cost (or deemed fJ)st) or valuation less accumulaled depreciation and accumulated impaiment losses. Cost includes costs directly attributable to making the assel capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculaled to write off the cost, less estimated residual value, of ea¢h asset on a systematic basis over its expeded useful life as follows.. Freehold land Freehold buildings Site facilities Office and kennel equipment Motor vehicles Over 40 years Over 7 years Over 4 years Over 4 years (h) Inveslments Investments are recognised initially at fair value which is nomially the transaction price excluding transaction costs. Current assel investments are short term highly liquid investments and are hèld at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year. li) Stocks Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate. Donated sto¢ks are inclLFded in income from other trading activities when they are sold as described in (c) above. til Debtors and creditors receivable I payable within one year Debtors and creditors wf(h no stated interest rate and receivable or payabl8 Wlthin one year are recorded at Iransaclion price. Any losses arising from impairment are recognised in expenditure. (k) Impairnient Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists. the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amounl. Where the carying amount exceeds ils recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease. 21
E-sign ID.. faa9(Q59-ff31-417a-a1 Ib-4c843a681410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 (l) Provisions Provisions are recognised when Ihe charity has an obligation at the balance sheet date as a result of a past event. il is probable that an ouffiow of economic benefits will be required in settlement and the amount can be reliably estimaled. Im) Hire purchase Assets acquired under hire purchase agreements are capitalised and deprecialed ovef the expècted useful life of the asset. Minimum lease payrnent5 are apportioned belween the finance charge and the reduction of the outstanding hire purchase liability using a level spread method due to the short length of the hire purchase agreements and small level of interest charged in respect of the hire purchase agreements. The related obligations. net of future finance charges, are included in creditors. In) Tax The Friends of Assisi Animal Sanctuary is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its tharitable actsvities. (o) Going concern The directorsltrustees have prepared the 2024 financial statements on a going concern basis after assessing principal risks and uncertainlies. The trustees have also considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. In their opinion the anticipated future income and expenditure is sufficient, together with the level of reserves for the charity to be able to Gontinue as a going concern. (p) Judgements and key sources of estimation uncertalnty Estimates and judgements made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under Ihe Circumstan5. The Trustees do not consider that there are any critical judgements made in applying these charity accounting policies or that there are any critical accounting estirnates or assumptions vthith may have a significant risk of causing a material adjustmenl to carrying amounts of assels and liabil¢ties within the next financial year. Income from donations and legacies 2024 2023 Gifts (Donations): Donations - general Donations by bank mandate Tax claims Membership Collection boxeslstreet Colledions Street Gollections Other 79,679 46,592 45,174 2,268 4,298 6,161 11,512 195,684 910,720 123,514 50,105 48,882 2,200 7,646 4,380 3,441 240.168 397,986 Legacies Grants- Miscellaneous funds 11,980 11,980 13,550 13,550 1,118,384 651.704 Income from donations and legacies was £1.118,384 (2023 - £651,704) of which £16.800 (2023 - £27,095) was attributable to restricted funds and £1,101,584 (2023 - £624,609) was atlributable to unrestricted funds. 22
E-sign ID.. faa9CXJ5&ff31-417a-a11b4e843a661410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 Income from other trading activities 2024 2023 Fundraising event5 Shop income Rehoming income Pet plan 45,396 482,693 45,805 26,707 72,240 557,439 29,280 26,928 600,601 685,887 Income from other trading activities was £600.601 (2023 - £685.88n of which £nil (2023 £nil) was attributable to restricted funds and £600,601 (2023 - £685,88n was attributable lo unrestricted funds. Income from investments 2024 2023 Dividends Realised gainsl(loss) on sale 19,859 31,158 18.731 (432) 50,817 18,299 Income from investments was £50,817 (2023 - £18,299) of which £nil (2023 £nil) was attributable to restricted funds and £50,817 {2023- £18.299) was attributable to unrestricted funds. Investment management costs 2024 2023 Investment management fees 7,792 6,942 6,942 £nil (2023 - £nil> of the above costs were attributable to restricted funds and £7,79212023- £6,942) were attributable to unrestiicted fvnds. Anatysis of expenditure on charitable activities 2024 2023 Sanctuary at Conlig Staff wages plu5 e'ers NIC & pension costs Veterinary care Animal food & consumables Cleaning materials Rent & rates Heat & Light Sanctuary insurance Telephone and computer cosls Ambulance expenses Motor expenses Site security Care staff uniforms & PPE Care slaff training Recruilmenl expenses Printing, Poslage and Stationery Advertising & promolional items 612,012 106,872 44,537 6,322 203 27.703 14,065 24,619 6,939 4,487 607.909 79.158 46.559 6,331 25,465 10,938 23,668 10,307 495 4,691 2.224 2,704 14,905 5,348 380 259 13.556 23
E-stgn ID.. taa9QMJ59-f131-4f7a-81 Ib-4c843a68f4fO The Friends of Assisi Anlmal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 Travel Profes&onal fees Auditor Accountancy Bank & financing charges Membership & Conferen fees Maintenance & repairs Sundry expenses Depreciation 1,975 22,834 2,400 1,250 5,050 3,520 13,944 2,319 32.459 953,053 830 26,287 2,000 1,050 5,244 1,966 24,168 2,128 41,838 940,929 Outreach Program Animal food & consumables Veterinary Care Veterinary Drugs 35,157 9,254 31,426 75,837 33.230 9.644 22,503 65,377 Clara Cat Group Legal costs Clara Mcmullan Deceased Fund Total expenditure on charitable activities 1.028,890 1,006,306 Included in the above expenditure are support costs of £3,650 (2023 £3,050) in respect of aclivities undertaken in accordance with nole 7 below. £16,52312023 £21,808) of the above costs were attributable to restricted funds and £1,012,367 (2023 £984,498) was attributable to unrestricted funds. Allocation of support costs Sanctuary Homeward Bound Chance ofa Lifetime Clara Cat Group 2024 Totsl 2023 Total Govemance 3.650 3,650 3.050 Total 3,6SO 3,650 3,050 Governanca costs 2024 2023 Trustee remuneration Trustee expenses Ccnsultancy Accountancy Audilorfs remuneralion 11 1,250 2,400 1,050 2,000 10 3,650 3,050 24
E-sign ID.. faa90059-ff31-4f7a-a11 b4G843a6814fO The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 Net incomel lexpenditurel for the year Net income l (expenditure) is stated after charging l (crediting).. 2024 2023 Depreciation and impairment of tangible fixed assets 32,459 41,838 10 Auditors remuneration The Auditorfs remuneration amounts to an audit fee of £3,650 (2023- £3.050). 11 Trustees. and key management personnel remuneration and expenses The trustees neither received nor waived any remuneration during the year (2023.. £NiD. The total amount of employee benefrts received by key management personnel is £nil {2023 - £nil). Key management personnel are considered to comprise the truslees. No (2023- none) tnjstees are accruing pension arrangements. The trustees did not have any expenses reimbursed during the year (2023 - £nil). 12 Staff costs and employee benefits The average monthly number of employees during the year was as follows- 2024 2023 Raising funds Charitable aGtivities 14 26 10 25 40 35 2024 2023 The total staff costs and employees. benefrts was as follows= Wages and salaries Employers NIC Defined contribution pension costs 735,587 765,112 58,031 48,654 14,105 14,886 807,723 828 652 No employees received total employee benefits of more than £60,000. 25
E-sign ID.. faagK159-ff3f4f78-a11 4C843a661410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 13 Tangible fixed assets Land and Equipment Buildings Motor vehicles Total Cost or valuation: At 01101123 Additions Disposals At 31112123 Depreciation: At 01101123 Charge for the year Impairment Elirninated on disposals At 31112123 Net book value: At 31112124 885.270 13,920 65.687 2,186 77,934 1,028,891 16.106 899,190 67,873 77,934 1.044,997 248.514 15.215 58.538 7.139 67,829 10,105 374,881 32,459 263.729 65.677 77,934 407,340 635,461 2,196 637.657 At 31112123 636,7S6 7,149 10.105 654,010 The net book value of land and buildings comprised= 2024 2023 Land and buildings.. Freehold 635,461 636,756 635,461 636.756 The value of non41epreciable land included in Land and Buildings was £479,126 (2023- £479,126). No borrowing costs are included in the cost of the fixed assets. Included in the total net book value of motor vehides wa5 £ Nil (2023- £Nil) in respect of assets held under finance leases. No tangible fixed assets have been pledged as security for liabilities of the ¢harity. 14 Fixed asset invesljnents Listed investments Totsl Cost or valuation At 11112024 Additions Revaluation Disposals AI 3111212024 Impaimient AI 11112024 Eliminated on disposals AI 3111212024 Carrying amountr. At 3111212024 At 3111212023 912.469 240,645 25,694 (209,853) 968.955 912.469 240,645 25,694 (209,853) 968,955 968.955 912,469 968,955 912,469 26
E-sign ID.. laa9o05ff3I-4f7a-8l1b4C843a6Bl4fo The Friends of Assisi Animal Sanctuary Notes to the Flnancial Statements Year Ended 31 December 2024 Investments al fair value compromise.. 2024 2023 Equities and securities Cash within investment portfolio 968,955 34,864 1003,819 912,469 23,275 935,744 The fair value of listed inveslments is detemiined by reference to price5 quoted on the London stock exchange. 15 stocks 2024 2023 Animal food & consumables Merchandise 10,377 3,794 9,475 3,513 14,171 12,988 16 Debtors 2024 2023 Income tax recoverable Vat Recoverable Trade debtors Prepayments Accrued Income Other debtors 11,409 17,120 19.028 27,837 5,614 454 13,242 16.485 29,250 22,206 7,141 4,303 81,462 92.627 No amounts included in debtors are falling due after one year. 17 Creditor5: amounts falling due within one year 2024 2023 Trade creditors PAYE Cat trap deposits Pension ¢ontrÈbution5 Accrua15 and deferred income 31.099 13.646 215 3,245 24,443 34,796 12,940 215 5,498 24,186 72,648 18 Creditors: amounts falling due after more than one year 2024 2023 Bank Loan (over 1 year) 27
E-sign ID.. laa9CM)59-ff31-4f7a-a11b4c843a661410 The Friends of Assisi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 19 Contingent assets In August 2020 an interim payment of £200.000 in respect of a legacy to the charity was received. This amount of the interim payment had been induded in income for the year ended 31 December 2020, however, al thal date it was not possible to quantify the remaining amount ofthe legacy. At 31 December 2024 a further amount of the legacy was received totalling £730,000. The legacy related to an individual who had died in late 2018. 20 Fund reGonciliation Unrestricted funds Balance at 0110112024 Gains I {losses) Balance at 3111212024 Income Expenditure Transfers General Purpose 595.130 1.702.185 (1.344.251) 953,064 Trustee Designated 1.267.014 19.659 56,852 1,343,525 1,862 144 1721844 2 296 589 Restricted funds Balance at 0110112024 Gains I Balance at {10$5es) 3111212024 Income Expenditure Transfers Cat Building ftjnd General Funds Maureen Boal Charitable Trust Jean Sainsbury Welfare Trust 44,069 20,538 44,069 21,528 11,800 (10,810) 5,287 (713) (5,000) 4.574 5,000 69.894 16.800 1.932,038 1.738,644 16,523 1.360,774 70,171 2,366,760 Total Funds 56,852 Fund description5 a) Unrestricted funds General Purpose Fund Ihis is a fL5nd available at the discretion of the Trustees in respect of the furtherance of the objectives of the ¢harity. b) Designated funds Trustee Designaled Fund this is a fund used to maintain and upgrade site facilities. A minimum fund limit ha5 been set at £100,000 by the Trustses. cl Restricted funds Cat Building fund - this is a fvnd Ihal will be used towards the cost of Gonstructing a new kitten home in the name of Clara Mcmullan deased. Miscellaneous funds- funds received to assist with small PTojects. Maureen Boal Charitable Trust - funds to go towards the building of a bespoke new soundproofed kennel block at the sanctuary. Jean Sainsbury Welfare Trust- funds received to assist with veterinary care costs. 28
E-sign ID: laa*)0531-4f7a-a1lb4c843a6Bl4f0 The Friends of Asslsi Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 21 Analysls of net assets between funds Unrestricted nds Designated funds Restricted funds Total Fixed assets Investments Current assets Creditors due in less than one year Creditors due in rnore than one year 297,951 339.706 968,955 34.864 637.657 968,955 832.796 172,648) 727.761 172,PA8) 70.171 Total 953.064 1,343,525 70,171 2,366,760 22 Reconciliation of net income to net cash flow from operating activities 2024 2023 Net income for year 434,722 26,536 Depreciation of tangible fixed assets (Gains) I losses on inveslmenls (Increase) I decrease in slock (Increase) I decrease in debtors Increase l (decrease) in creditors 32,459 (25,693) (1,183) 11,165 {4,987) 41,838 (75,177) {3,638) 98,031 37,055 Net cash flow from operating activities 446,483 124,645 23 Financial commitments There are no contractual commitrnents for the acquisition of tangible fixed assels contracted for but not provided in the finanoal ststements at 31 December 2024. 24 Events after the end of the period There are no adjusting or non-adjusting post balan sheet events. 25 Related party transactions There were no related party transactions during the year. 29
E-sign ID.. faa90059-ff314f7a-a11 b-4c843a68f4fO The Friends of Assisl Animal Sanctuary Notes to the Financial Statements Year Ended 31 December 2024 26 Financial instruments The carrying amounts of the charity's financial instruments are as follows.. 2024 2023 Financial assets Measured al fair value Fixed asset listed investments (note 14) 968,955 912,469 968,956 912,469 Debt instruments measured at amortised cost= Deblor5 (note 16) 81,462 92,627 81,462 92,627 Financial liabilities Measured at amortised cost Trade creditors and acctuals etc (note 17) Other creditors (note 18) 72,648 77.635 72,648 77,635 There are no income, expenses, net gains and net losses attributable to the charitls financial instruments. 30