Charlty reglstratlon number NIC106779 Company registration number N1645182 (Northern Ireland) MID ANTRIM ANIMAL SANCTUARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MID ANTRIM ANIMAL SANCTUARY LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Hollinger F Waite S Kennedy H Kerr DrA Godden (Appointed 9 June 2023) (Appointed 24 April 20241 Secretaries J Hume G Stirling (Appointed 23 May 2024) Charlty number NIC106779 Company number N1645182 Principal addrèss 60 Greyslone Road Antrim BT412QN Audltor Corrigan CA Limited 24 Greystone Road Antrim N Ireland BT412QN Bankers Danske Bank 42 High Street Anlrim BT414AN Solicitors Mccauley RitGhie Solicitors 89 Holywood Road Belfast BT4 3RD
MID ANTRIM ANIMAL SANCTUARY CONTENTS Page Trustees, report 1- 15 Statement of truslees, responsibilities 16 Independent auditor's report 17-19 Statement of financial activities 20 Balance sheet 21 Statement of cash flows 22 Notes to the financial statements 23-34
MID ANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Iheir annual report and financial statements for the year ended 31 March 2024. Chalr's Foreword: Mid Antrim Animal Sanctuary has a rich history rooled in our dedication to animal welfare. Formed in 1996. the sanctuary began as a rnodèst initiative by a group of passionate volunteers commilled to rescuing and caring for abandoned and mistreated animals. Over the years, it has grown significantly, bolh in lerms of ils facilities and its impact on the lives of companion animals across Northern Ireland. Initially, the sanctuary operated on a small scale but as the need for our servIS grew, the sanctuary expanded its operalions, enhancing its infrastructure to accommodate more anima5s and provide better care. This included the development of improved kennels, veterinary facilities. and areas for animal enrichment and Iraining. Throughout our history, we have maintained a strong reputation for our compassionate approach to animal welfare. We have forged valuable connections with other animal welfare organisations, local aulhorities, and the community, which have been crucial in our efforts to rehome animals and advocate for better anirnal protection laws. Tha sanctuary's commitment lo animal welfare extends beyond providing shelter and care. We actively engage in publi¢ education campaigns to raise awareness about responsible pel ownership and the importance of animal welfare. Communily outreach programs have been instrumental in fostering a culture of compassion and empathy towards animals in the local area. Staff and Volunteers are the backbone of our Sanctuary. Without their dedication we would not be able to provide the high-qualily. potentially lif8saving care and support that we do to so many animals in need. Today. Mid Anlrim Animal Sancluary stands as a testament to the power of dedication and our ongoing efforts to rescue. rehabilitate. and rehome animals, coupled with our advocacy and educational initialives, ensure that we remain a vilal resource for animals in need and a beacon of hope for animal welfare in Northem Ireland. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective 1 January 2019).
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Objectlves and Activities Charitable Ob ision ectlves 'To work to enhance the Sanctuary's reptjlation as an excellent example in it's field. o work to ensure all dogs and cats have the best opportunities to be rehomed in foreve homes. o work towards a point where at some time in the future no pet animal is unwanted, mistreated, neglected, homeless or needlessly euthanised. Mission "Mid Antrim Animal Sanctuary is fully committed to providing Gare, shelter and enrichment to, and to alleviate the suffèring of unwanted, abandoned or vulnerable dogs nd cats and to rehome them if possible or olhemise offer them a caring home for life. e also aim to educate the public on the welfare of companion animals." Public Benefit Statement In setting our objectives and planning our activities for the 2023124 year the Trustees gave careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit. To ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. all our activities are related to the following charilable objectives.. For the benefit of the public in Northern Ireland, to relieve the suffering and distress of animals in need of rescue, care and attention and in particular, to provide and maintain a sanctuary or other facilities for the reception, care, treatment and r&homing of such animals and by any other means as the directors shall consider appropriate. To advance the education of young people and adulls on the promotion of animal welfare and Ihe correct treatment of anirnals by any means as the directors shall consider appropriate. Our main objectives include: To relieve the suffering and distréss of animals in need of rescu6, care or attention and provide a safe refuge for them until they find their forever home. To provide medical altenlion, enrichrnent and 50cialisation aclivities for all animals in our care. The provision of facilities for the animals in our care and provide a home for life, where necessary. To allow for the return of any of our animals should they encounter any difficulties in their new home. Encouraging interest and advocating the support of animal welfare throughout Northern Ireland. The advancement of educalion in animal welfare. To increase and encourage volunteering opportunities so as to complement and supplement the work of the staff. To increase the profile of the organisalion and ensuring we have sufficient funds to meet our aims and objectives year on year. To extend our membership and supporter networks. There have been no material changes in tho objects of the charity since the previous year. In shaping our activities and objectives, the TrLtstees have considered the Charity Commission's guidance on public benefit. These benefits are demonslraled through the number of animals successfully re-homed within the year and the reduotion in unwaiited, neglected, abused and vulnerable animals. These benefits asso include the promotion of animal welfare through education, promolion and volunteertng opportunities. None of these purposes give rise to any harm.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our Beneflciarles Our Animals During this year our activities resulted in the following rehoming achievements: 2017118 238 150 018119 327 69 019120 342 326 020121 151 49 2021122 204 244 022123 171 48 023124 27 21 Dogs Cats The Trustees noted a satisfactory level of animal re-homing, with a 33 its increase in the number of dogs rehomed from 2022123. However, there was an 11 % decrease in thé number of cats finding homes, which is a COnrn. Despite the positive Irend in dog rehoming, the Trustees acknowledge that the re-homing environment continues to be challenging and is anticipated to remain so due to factors such as the ongoing cost-of-living crisis, which has resulted in more people Sufrendering their pets. oi Return and Fostèr Statistics In line wilh our objectives, the Sanctuary provides a commitment that all adopted animals may be returned in the event of difficulties in their new homes. This year saw 21 dogs and 24 cats being returned. Once returned, any influencing factors are thoroughly assessed and addressed before considering future re-homing opportunities. Additionally. 9 dogs and 14 cats were placed in foster care due to medical or behavioural issues that impacted their chances of finding permanent homes. Behavioural Mentorin Plans BMPS Behavioural Mentoring Plans {BMPs) continue to be a cornerstone of our work. These plans are crucial in addressing behavioural issues within the kennel environment and ensuring effective communication among team members and potential adopters. This structured approach he5ps to achieve the best possible rehoming outcomes by preparing dogs to transition smoothly inlo their new homes. Five Domains of Anima5 Welfare The Five Domains of Animal Welfare play a significant role in addressing both the physical and mental well-being of our animals. In response to recent research and benchmarkirig against olher organisations, we revised our policy on routine neutering and spaying. These procedures are now limed according to the dog's age and breed, as evidence has shown Ihat early neutering can contribute to behavioural difficulties. Lon -Temi Care At the end of the 2023124 reporting year, we had a total of 5 long-term dogs who were unable lo find a home for various reasons. These dogs have a lifetime sanctuary at our facility, receiving ongoing ¢are and enrichment to ensure their well-being. The Puppy Plan project has been highly successful. providing a structured training schedule for puppies under six monlhs old while in our care. This plan is designed to prepare them for rehoming by introducing them to external environments. Once rehomed, adopters are encouraged to enrol in formal socialization and training Classes to continue their puppies, development. Kitten Plan In 2022123, we introduced the Kitten Plan program, which guides adopters through an eight-week post-adoption socializalion and habituation plan to prevent fear-based behaviours. This initiative ensures that kittens receive the best start in life and are well-prepared for their new homes.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Enrichment and Socializalion Pro ecls Our enrichment and socialization projects remain a prioflty, with a particular focus on ensuring that long-term dogs benefit from Ihese activities. The Dogs Day Out Programme continues to be an integral part of our efforts, providing varied and stimulating experiences for the dogs in our Care. Behavioural Su ort forAdo ters To SL+PPOrt adopters, we offer a Behavioural Talk and Advice Programmè, which saw 26 dogs and their owners attend sessions this year. Our 'April's Wish, initiative, funded through specif1c donations, provides one-on-one behavioural advice in the home environment, further supporting successful rehoming. Re-homin Packs and Follow-u We continue to update our re-homing packs. which offer comprehensive advice for new adoplars and an overview of our work. Post-adoption follow-ups are now a regular feature, allowing us to understand and address any challenges that arise, ensuring the long-term success of each adoption. Our Staff and Volunteers: During the 2023124 reporting year, MAAS staff participated in a range of training sessions aimed al enhancing their skills and knowledge across various important areas. Thèse sessiorls included training on XL Bully legislation updates provided through the Association of Dogs and Cats Homes (ADCH). as well as information on the evolving science of neutering dogs and cats. with guidance from ADCH and the Cats Protection Leaguelcat Group. Staff also received essential training in First Aid, Fire, and Manual Handling awareness. along with specialized sessions on First Aid for Mental Health and Emergency First Aid. Additionally, a Safe Place awareness session was conducted to raise awareness about maintaining a safe and supportive environment within the organization. In March 2024, the Board issued SueY$, one lo staff and one to volunteers, with the aim of gauging setisfaciion levels among those working in the sanctuary and our stores. The surveys were designed to identify areas for improvement and to help shape our future aclivities. Response rates varied, with the staff SueY receiving a generally low level of participation. Despite this, the results have continued lo influence our decision-making and remain a driving force behind our focus on continuous improvement. "Mid Antrim Animal Sancluary is committed to maintaining the highest standards of care and service by continually reviewing and monitoring the performance of our officers and volunleers. We conduct regular staff rneetings to ensure effective communication. provide feedback. and support our team's development. This approach enablès us to identify areas for improvement, celebrate successes, and ensure that we are delivering the best possible outcomes for the animals in our care. Volunteers play a major part in ensuring the organisation meet its aims and objectives. Volunteer inductions continue with a total of 6 held in the year. Once inducted, our volunteers are encouraged to attend staff training on specific animal welfare subjects to enhance both their knowledge and be an integral part of Ihe team meeting all organisational objectives. The Trustees thank all our volunteers for their work, support, and commitment, in complementing our staff team throughout the reporting period. Our Communities: Partnershi wilh Women's Aid ABCL&N Our partnership with Women's Aid ABCL&N, which serves Anlrim, Ballymena, Carrickfergus, Larne, and Newtownabbey, remains robust. Through this agreement, we offer saf6 r6Mge for the dogs and cats of Women's Aid service users during transitional periods. Over the past year, we supported six Setv1 users, with no impact on the Sanctuary's capacity or our ability to assist other animals. This service is provided at no cost to Women's Aid or the individuals. We have also achieved Safe Place recognition and are recognised as a Safe Employer conceming domestic violence. ort for Communil Or anis8tions and Foodbanks We continue to support local community organisations and foodbanks by providing pet food donations to six initiatives. Our aim is to help keep pets in their homes and prevent relinquishmenl, acknowledging the significant joy and comfort animals bring to their owners.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Chari Sho Contributions Our charity shop actively supports other homeless organisations by donating unsold clolhing items. We also collaborate with foodbanks through the School Uniform scheme, contributing to their efforts in assisting those in need. Collaborations and Cor orate Partnershi We maintain ongoing collaborations with animal charities and strive to strengthen our relationships with businesses. Our goal is to align with their Corporate Social Responsibility {CSRI strategies. enhancing mutual support and impact. Commitment lo Education in Animal Welfare Over the past year, we have continued to priorilise educational practices as a key aspect of our work in anlmal welfare. We believe that education is a crucial first step for alleviating the suffering of companion animals and fostering a more compassionate community. Our outreach included visils to local primary schools, where we engaged with students to discuss animal welfare and well-being. These interactions aimed to inslil a sense of responsibility and empathy towards animals from an eady age. These educational efforts represent th6 first steps in our ongoing mission to enhance the welfare of companion animals and promote a deeper understanding of their needs within the community.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Our Key Achievements & Impacts Launch of Our New Activit and Enrichment Area In September 2023, we were thrilled to officially 5aunch our newly developed aclivity and enrichment area at Mid Antrim Animal Sanctuary. This exciting development, six years in the making, was made possible after acquiring additional land behind our existing premises. An opening event was attended by volunteers, with a public opening held which was attended by the Mayor of Antrim and Newtownabbey, local councillors and MLA'S, and the wider public. The new faciliiy featur8S: Meet and Greet Building= A dedicated space where prospective families can meet and get to know their potential new family members in a comfortable and welcoming environmenl. Puppy Unit.- A specialised area for expectant mothers and their pups, including a socialis8tion space to give them the best possible start in life. Living Room Spaces= Designed to help dogs acclimate to indoor living, these environments allow them to socialise in a Setting that may be entirely new for some of our residents. Sensory Garden= An enclosed, stimulating environment featuring scented plants. play items, and high shelving, providing our cats with a rich, exploratory experience. Puppy Run & Agility Course.. These areas are designed to offer both physical and mental challenges, helping to keep our dogs healthy and engaged. Exercise Runs.. Four expansive outdoor spaces wher8 dogs can enjoy the freedom to run and play. Cat Garden- A secure and engaging Spa that offers our feline residents an opportunity to explore, play, and observe the world around them. Since the official opening, our animals have greatly benefited from Ihe increased exercise and enrichment opportunities provided by these new facilities. The dogs are thriving with the added physical activity and mental stimulation, while the cats are enjoying the freedom to explore their enhand environments. Morèover. the dedicated meet and greet area has become a vital space where hopeful new families can comfortably inleract with and get to know their potential new pets, fostering stronger bonds and more SUGcessful adoptions. These enhancements have been designed to significantly improve the lives of the animals in our care. providing Ihem,with the best possible environment during their stay at the Sanctuary. We are deeply grateful to everyone who has supported us over the years, helping to make this transformative development a reality. Public Access at the Sanctua In March 2024, we began opening the Sanctuary to the public every Wednesday and Saturday from 1..30 pm to 4..00 pm. During these hours, visitors can access our kennel yard to view dogs available for rehoming. This open access provides an opportunity for the public to engage with our staff and volunteers. learn about our ongoing work, and gain insights into the operations of the Sanctuary. Following an initial bedding in period, the opening has proven to be a welcome change. Our Challenges Closure of our Larne Sho due lo fire dama On February 1st, 2024. Mid Antrim Animal Sanctuary faced a significant selback when a fire devastated our Larne shop, causing irreparable damage to the shop and its contents. Despite this unexpeoted crisis, our team acted swiftly, negotiating a move to an adI8nt sile at no additional cost. Thanks to the overwhelming generosity of the community. who provided an influx of donations. and the transfer of stock from our Antrim store, we successfully reopened the Lame shop in March 2024. just over one monlh after the fire. The relocation to a larger space has presented an unexpected opportunity. The increased size of the new slore has allowed us to explore the potentl81 for a permanent move to a larger, more strategically positioned location. The Board of Trustees is currently evaluating the long-term viability of this option, considering the benefils it could bring to our fundraising efforts and overall mission. We are immensely grateful for the support we received during this challenging time, which not only enabled us to quickly re-establish our Larne presence bul also opened the door to future growth and expansion.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Volunteer Retention The current landscape for recruiling and retaining volunteers across Northèm Ireland presents significant challenges. Mid Antrim Animal Sanctuary is continuously promoting the benefils of volunteering and actively seeking to expand its volunteer base. However, this has proven to be difficult due to a variety of factors. Many individuals face time conslraints, particularly those balancing work and family commitments, which limits their ability to commit to volunteer work. Additionally, the cost-of-living crisis has led some potential volunteers to seek paid employment over volunteer roles. There is also increased compelition for volunteers, as many charitable organisations in Northern Ireland are facing similar shortages and are slriving to engage the same pool of willing individuals. Despite these challenges, the Sanctuary remains dedicated to highlighting the rewarding experience of volunteering and the positive impact it has on bolh the animals and the community. in the hope of inspiring more péople to join their leam. Benchmarking and Best Practice Collaboration with Battersea Do & Cats Home In June and July 2023, representatives from Baltersea Dogs & Cats Home visited Mid Antrim Animal Sanctuary to learn more about our operations and the current status of arsimal welfare in Northern Ireland. This visit was an invaluable opportunity to showcase the Sanctuary's approach to animal care and rehoming. Discussions focused on our ongoing initiatives and the unique challenges we face within the region. Moving foard, plans are being dévèloped for collaborative training opportunities, the establishment of bursaries to support staff development, and joint funding applications to enhance our capabilities and broaden our impact. Such partnerships with esleemed organisalions like Battersea are essential for sharing knowledge, adopting best pradices, and elevating standards of animal welfare across the sector. Northern Ireland Animal Welfare Forum In May 2023. the Mid Antrim Animal Sanctuary participated in the Northern Ireland Animal Welfare Forum, 8 meeting that brought together various animal charities from across the region. This forum provided a platform for discussing prevalent issues, sharing insights, and exploring collaboralive solutions to improve animal welfare. Key topics included strategies for addressing the rising number of animal surrenders, enhancing community engagement, and the implementation of unified welfare standards. The forum also explored avenues for collaborative working and resource sharing to ensure a cohesive approach to animal welfare across Northem Ireland. Such collective efforts are crucial in addressing common Ghallenges and driving forward innovative solutions that benefit animals and comrnunilies alike. Commitment to Continuous Im rovement As part of our commitment to continuous improvement, Mid Antrsm Animal Sanctuary regularly engages in benchmarking activities with other leading organisations within the animal welfare sector. This includes participating in industry conferences, adopting innovative practices observed in other facilities, and incorporating feedback from external reviews into our operational strategies. These efforts ensure that we remain at the forefront of animal welfare. delivering the highest standard of care and support to the animals we serve.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Financial Review The Trustees confimi a surplus of net income over expenditure of £194,224. For Ihe financial year. income was £740,955 (202213.. £538,492), an increase of £202,463. This increase is in the main attributable to unanticipated legacy income. Total expenditure for the year was £546,731 (202213.. £489,570 an increase of £57,161. This increase was due to an increase in sanctuary expenditure, running costs and depreciation charges on the asset additions in the year. Cash reserves (oparating reserve, approximately 9 monlhs of operating costs} of £300,000 were maintained as a minimum baseline in the accounts during the financial year. Given ongoing uncertainty wilhin global financial markets the Trustees continued with a pragmatic approach to investments during the financial year. Liquidity and maintaining cash rèserves were considered of greater importance in times of austerity, The Board approved a decision to place £200,000 in fixed term interest bearing accounts to ensure funds are obtaining a return, and were readily available should they be needed. The worth of the organisalion is £1,954.356 at the end of the financial year. The main income streams for MAAS during the year wère charity shops sales, £184,251" and legacies. £324,815 Ilhe two slreams providing £509,066 of the total inmmel. Shop income was down from the previous year by an amount of £28,299. Whilst we anticipated growing Ihe retail income the arson attack on our shop in Larne had a significant impact on plans. Thankfully legacy income was received, which helped mitigate against the challenges in our retail environment. Higher than anticipated, the large legacy amount was received wilh thanks by MAAS. Legacy incorne. although unable to fully plan for, is used to supplement the organisation's reserve account which in turn funds the development project and allows for cash reseNes. The legacy strategy continues with effective. but compassionate, promotional infom)ation, engagement within memory donations and connection to local solicitors. Membership of the Will to Give group continues with a committee position held within the organisation to further promote gifts in wills. General donations ar8 seeing a continued decrease in returns, when compared to previous years. The context of the pst-of-living crisis, inflationary increases, and a lack of confidence in surplus personal cash are factors ontributing to Ihis in the financial year. This trend affects almost all charilies and may continue. The Trustees will continue to monitor and find ways lo mitigate and diversify income generation and find opportunities within current challenges,. as outlined in our new strategic plan. The Trustees humbly highlight their gratitude to our supporters whose generosity ensures we meet our organisalional aims and objectives and public benefit. Our supporters allow us to be an organisation that can progress, plan for the future, and financially thrive. Elements of expenditure, such as staffing costs, vet bills, property maintenance, all increased in the financial year and is reflective of trends in the external environment. Extemal economic factors necessitated an uplift in salaries, however investment in staff as Ihe organisation's best asset is recognised by Ihe Trustees. The main building at MAAS is over ten years old and due to this will require regular maintenance moving forwards. While general running costs increased to some degree it was the continued uplift in gas and eleGlriG process that had the most impact bolh al the Sanctuary and the charity shops. A total of £32,701 was incurred which is accepted as a reflection of the global market at the time, however cost saving measures were implemented in other operational areas to reduce overall expenditures. During the financial year £372,625 was incurred on the new build development - which was fully funded through prtor years donations. Depreciation to the value of £62,039 was allowed for in the reporting period. The Maureen Boal Charitable Trust provided £50,727 which will be used to finalis6 the completion of the building development, provide protective covering for our rain harvester and surfacing the dog run areas in the next financial year. We are grateful for this generous donation.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The organisation registered for VAT effective from 1 April 2022, comparative figures for the previous years are inclusive of VAT. Irrecoverable VAT is included in the cost of the items reported in the financial statements. MAAS has wèalhered the covid pandemic and a period of national austerity over the past few years. However, based on UK Govèrnment communications financial uncertainty will continue with anolher 'difficult period, expected beyond the financial reporting year. The Trustees are mindful of the challenges presented by these developments in the economic environment. The Trustees will adopt a robust and sustainable management plan ensuring alignment with financial forecasts while me&ting organisalional aims and objecliv8S. We anticipate the need for our rehoming services and care for animals, as well as more challenging animals coming into our care, will not decrease and will continue to increase. This will result in ongoing assessments to ensure income generation meets these growing needs. It is acknowledged that we are continuing into anolher difficult and challenging environment and the need for financial management and, longer-term strategic development, will be at the forefront of Ihe Trustees focus.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Risk Mana ement The Trustees have responsibility for oversight of risk control within the organisation. Along with management they review risks on a regular basis. Risks ware addressed during each Board meeling, and a¢tions taken to mitigate or control these. During this reporting period, the following sub committees were in place to address specific organisational matters and risk: The Finance and Audit Committee continued to have oversight of the accounting, financial management planning, and the internal and extemal audit arrangements, as well as associated risks. The Governance Group r8V18wed the Governing Document with necessary amendments ratified by the membership at Ihe December 2023 Annual General Meeting. The Trustee Recruitmènt Group was 8Stablished to promote, recruit and provide induction training for new Trustees. A Field Developrnent Committee managed and reviewed the build and budgetary elements within thè projéct, to its completion and opening. Examples of risks in this reporting period.. The risk of insufficient, and uncertain funding. The organisation has mitigated this risk by making provision under the reserves policy. Nine monlhs, worth of overall operating costs are maintained as an absolute minimum baseline level of reserves. In addition over the past few years we have accumulated cash at hand reserves, which are readily available, in order lo be able to weather any potential financial situations that would impact our operational viabilily over a longer-temi period. An over reliance in charity shop income is also recognised with a need to build on olher income generation streams and diversify where appropriate. This is a strategic initiative to progfess from 2024. as highlighted in our new strategic plan. An increase in general costs beyond MAAS control. This impacts on expenditure management -creating the potential for an increase in service requirements against a reduction in general donation income. Retained surplus from prior years and unanticipated legacy incoffie will continue to assist in mitigating this risk. The Board of Directors decided to have an Organisalional Review in the FY23124. Trustees, Staff and Volunteers took part in this Review to assess if the MAAS Company would benefit from a re-organisation, a preliminary report was produced in Oct 23. This Wofk is ongoing at end Mar 24. An increase in demand to take in animals from the general public. The organisation is now operating to a full capacity model which means longer stays for some animals, as well as associated care costs. It is likely this will not see a decrease. We have been successfully able to manage and woalher the storm of covid and subsequent cost of living increases and a period of austerity in prior years. However. the new UK Government has indicated a further 'diffiGult period, will be encountered in Ihe coming yéars. The Board maintains that ensuring cash reserves are built, and management of resources controlled and monitored, is key to addressing this unknown. 10-
MID ANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Plans for Future Periods Increased Capaclty for Dogs: During the 2023124 reporting year, the Board and its mambers agreed to transition our kenrsel facilities to full apacily to address increasing indLislry-wide pressures on sanduaries and rehoming centres. This decision, which is being implemented throughout the 2024125 year, aims to maximize our ability to care for unwanted and vulnerable animals wilhin the limitations of our existing infrastructure. Following an initial bedding-in period, the transition to full capacity has proven beneficial, allowing the Sanctuary to assist a greater number of animals in need. This strategic approach ensures that our kennel and cattery spaces are ulilized effeclively, and we ¢an provide shelter to as many animals as possible. Moreover. it enables us to support other sanctuaries by accepting dogs and cats when space permits, and by facilitating emergency rehoming placements when needed. This increased capacity not only enhances our impact witliin the community bul also reinfOrS our commitment to providing a safe haven for animals who require urgent Gare and support. Strategic Plan: The Board of MAAS will introduce the Mid Antrim Animal Sanctuary Strategic Plan for 2024-2028 to our membership, staff, volunteers, and supporters. This comprehensive plan outlines our vision for creating a world where all companion animals feel loved and Cared for, and reaffirms our commitment to providing shelter, care, and enrichment to vulnerable animals. Over the past decade, the landscape of anim81 rehoming in Northem Ireland has seen signifi¢anl ¢hanges. There has been an overall trend of fluctuating rehoming rates, influenced by various socio-economic factors. The COVID-19 pandemic increased the demand for pets, as many sought companionships during lockdowns. However, post-pandemic, Ihere has been a noticeable decline in rehoming rates, exacerbated further by the rising cost of living, which has made it harder for many to afford pet care. This Strategic Plan will be our roadmap for the coming years. and guided by our core values of wellbeing. empalhy. leadership, fulfilment, advocacy, respect. and education, we aim to enhance the welfare of the animals in our care. suppprt our staff and volunteers, and inspire public awareness of animal welfare issues. OLtr slrategic priorities focus on several key areas to ensure we achieve our mission. In animal welfare, we will implement a holistic wellbeing model, integrating advanced veterinary care, behavioural enrichment. and ¢ustomised training. Our advocacy efforts will strive to influence progressive animal welfare legislation through public campaigns and coalition building. By enhancing public education and community outreach, we aim to foster responsible pet ownership and increase community engagement through educational programs and volunteer opportunities. To strengthen our organisational governance, we will enhance Board engagement, ensure transparency, and regularly review our policies. Financial sustainability will be achieved by diversifying revenue streams, strenglliening supporter relationships, and implementing cost control measures. Finally, we will focus on operational excellence by optimising resources, adopting best praCtiS. and fostering a culture of continuous improvement. We are confidenl that this strategic plan will guide us in achieving our mission and vision, ensuring a brighter future for all companion animals. strategic priorities: Animal Wellbeing (welfare) 2. Influencing Change 3. Public Education and Community Outreach 4. Organisational Govemance 5. Financial Sustainability and Growth 6. Operational Excellence and Efficiency 11
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1. Anlmal Welfare: Our Aim.- To fully implement a holistic wellbeing model rooted in the five domains of animal welfare, inlegrating advanced veterinary care, behavioural enrichment, and CL¢slomised training to ensure each cat and dog receives the essential care and training needed for a smoolh transition lo their forever homes. 2. Influencing Change: OurAim.' To actively engage in advocacy efforts to promote and secure the enactment of progressive animal welfare legislation and best practice. This involves coordinating with other animal welfare organisations, and mobilising public support to influence policy changes at all levels. 3. Public Educatlon and Communlty Outreach: OurAim.- To enhance our public education and community outreach efforts by developing and delivering educational programs and campaigns that inform the public about animal welfare issues and responsible pet ownership. We will increase community engagement through various outreach activities, including providing volunteering opportunities and offering community support lo fostér stronger relationships and promote aclive participation. 4. Organisational Governance: Our Aim.. To implement systems and praclices that not only enhan Board engagement and transparency in operations and decision-rnaking but also ensure regular reviews and updates of organisational policies to meet evolving standards and needs. 5. Financial Sustainability and Growth: Our Aim.. To ensure financial stability through the development and expansion of a diverse range of revenue streams. We will strengthen our supporter relationships through effeclive communication, boosting bolh engagemènt and contributions. Additionally. we will regularly review and implernent cost control measures to identify cost-saving opportunities, ensuring that these efficiencies do not compromise the quality of care and services provided. 6. Operatlonal Excellence and Efficiency: Our Aim.. To strenglhen the charity's operational capabilities and financial sustainability through strategic planning, resource optimisation, and fostering a culture of innovation. This involves investing in our slaff and volunteers, utilising technology for better efficiency and fostering a culture of conlinuous improvement across the organisation. 12-
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Charity Overview: Mid Antrim Animal Sanctuary was incorporated in April 2017 as a company limited by guarantee under the Companies Act 2006. It is a registered charity wilh the Charity Commission for Northern Ireland (Regislration Number.. NIC1067791 and is recognised as a charity by HMRC (Charity Reference.. N101705). The principal officé is located at Hurtletoot House, 60 Greystone Road, Antrim, BT412QN. Governlng Document: As a Company Liniited by Guarantee {Company Number.. N16451821, Mid Anlrim Animal Sanctuary is governed by ils Memorandum and Articles of Associallon, which empower the charity to take any actions that further its charitable objeclives or are conducive to achieving them. Charity's Structure: In accordance with charity law, the charity is governed by Trustees also seNe, in a voluntary capacity. as the company's directors. The Board of Trustees consists of a minimum of three and a maximum of ten members, elected for a four-year tem with a maximum service period of eight years. The Board of Trustèes of Mid Anlrim Animal Sanctuary consists of dedicated individuals who oversee the organisation's governance and strategic direction. Elected by the Sanctuary's Members, their primary rose is to ensure the sanctuary operates wilhin its mission and complies with legal and r8gL¢latory requirements whlle providing financial oversight to build long-term stability. The Trustees provide strategic leadership, ensuring the Sanctuary's continLJed growth and suslainability. Day- to-day operations are delegated to the Centre Manager and staff, who are supported by a dedicated team of volunteers. Trustees serve on a voluntary basis. wilh no remuneration received during the year. Staff salaries are reviewed annually, taking into a¢wunt various factors. As a company limited by guafantee, the organisation does not have share capital. Members, liability is limited to a maximum of £1 each, Govering any contribulions required to address the company's net assets or liabilities upon winding up. The organisation is a voluntary subscriber to the Fundraising Regulator. Patricia Ball lan Dodds stephen Kennedy Nicola Graham Freda Waite Robin Bates Danielle Hollinger Bill Atkinson Helen Kerr Gillian Stirling Emma Cassidy Andrew Godden Appointed 24 November 2021, Resigned 11 November 2024 Appointed 24 November 2021, Resigned 8 December 2024 Appointed 24 October 2018 Appointed 20 January 2021, Resigned 15 April 2023 Appointed 23 October 2019 Appointed 20 December 2022, Resigned 19 November 2024 Appolnted 20 December 2022 Appointed l May 2023, Resigned 11 November 2024 Appointed 9 June 2023 Appointed 10 July 2023, Resigned 5 December 2024 Appointed 10 July 2021, Resigned 9 January 2024 Appointed 24 April 2024 13-
MID ANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 There were 12 meetings of the Trustees in the rèporting period all meetings with a hybrid format. Appointment of Trustees: The Chairperson and Trustees are responsible for the recruitment and selection of new Trustees as needed. Trustees are chosen based on the relevance of their professional skills and their ability to contribute meaningfully to the governancè of the charity. As part of the recruitment process, new Trustees are fully brieféd on their legal obligations under charity and company law, th8 contents of the Memorandum and Articles ofAssociation, the Board's decision-making processes, the charity's financial performance, and other key policies and relevant information. Memberships: Northern Ireland Com anion Animal Welfare Grou As founding members of the Northern Ireland Companion Animal Welfare Group {NICAWG), Mid Antrim Animal Sanctuary continues to collaborate with other animal welfare charities to amplify the voice of animal welfare across Northem Ireland. Our ongoing work involves engaging with elected representatives and statutory agencies to Influen and improve legislation, regulation, licensing laws, enforcement, and the standardisation of animal welfare practices. In February 2024, representatives from the Sanctuary played a significant role in the development and launch of NICAWG'S priorities at Stormont. This event marked a crucial step forward in advocating for stronger animal welfare policies and engaging directly with key stakeholders. Association of Do s and Cats Home Mid Anlrim Animal Sanctuary is pleased to report that our mefnbership with the AssoGiation of Dogs & Cats Homes (ADCH) remains active and beneficial. The Trustees are proud that our staff, their work, and our facilities not only meet but exceed the high operational standards set by ADCH. This mernbership provides us wilh valuabl8 access to training reSoUrs, advice. and guidelines that enhance the Sanctuary's operations and support our staff. ADCH is the leading representative charity for dog and Cat rescue and rehoming organisations across eight jurisdictonS, including Northem Ireland, England, Scotland, Wales, the Republic of Ireland, Isle of Man, Jersey, and Guernsay. It promotes best practices in animal welfare and fosters collaboration among ils members, which now exceed 160 organisations of varying sizes. Being part of ADCH also Connects us to a wider network through events such as the UK'S largest animal welfare Annual Conference, which draws over 500 participants daily, including international attendees. These events, alongside ADCH'S open meetings and training sessions. offer valuable opportunities for engagement, learning, and collaboration within the rescue and rehoming sector. Our continL¢ed membership with ADCH underscores our commitment to maintaining the highest standards in animal welfare and allows us to stsy at the forefronl of best practices in the sector. 14-
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Audltor In accordance with the company's articles. a resolution proposing that Corrigan CA Limited be reappointed as auditor of the company will be put at a General Meeting. Disclosure of information to auditor Each of the trustees has confimied that there is no infonnation of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The trustees, report was approved by the Board of Trustees. S Kennedy Trustee 23 December 2024 15-
MID ANTRIM ANIMAL SANCTUARY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trusteès, who are also the directors of Mid Antrim Animal Sanctuary for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources. including the income and expenditure, ofthe charitable company for that year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time Ihe financial position of the charity and enable them to ensure that Ihe financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularsties. 16-
MID ANTRIM ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY Oplnion We have audited the financial statements of Mid Antrim Animal Sanctuary {the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balan sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. 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 Standard 8ppIiGable in the UK and Republic of Ire18nd (United Kingdom Generally Accepted Accounting Practice). We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditovs responsibilitias for the aiidit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that ara relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our olher elhical responsibilities in accordance wilh these requirements. We believe that the audit evidencè we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going Goncern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of aGcounling in the preparation of the financial statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating to evenls or conditions thal, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going conc8m ar8 described in the relevanl sections of this report. Other informatlon The other information comprises the information included in the annual report other Ihan the financial statements and our audilorfs report thereon. The trustèés are résponsible for the other infomation contained within the annual report. Our opinion on the financial statements does not cover the olher information and, except to Ihe extent olhewise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whell)er the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or olherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whelher this gives rise to a material misstatement in the financial statements themselvès. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nolhing to feport in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the financial statemenls., and the directors, report included within the trustees, report has been prepared in accordan with applicable legal requirements. 17-
MID ANTRIM ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY Matters on whlch we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nolhing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act {Northern Ireland} 2008 requires us to réport to you if, in our opinion.. adequate accounting records have not been kept, or retums adèquate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remunération specified by law are not made., or we have not received all the information and explanations we require for our audit,. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the réquirernènt to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the diredors of the charity for the purpose of company law, are responsible for the preparation 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 statemenls that are free from material misslalement, whether due to fraud or error. In preparing the financial statemerits, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using Ihe going concern basis of accounting unless the trustees either intend to liquidate Ihe charitable company or to cease operations, or have no realistic altemative but lo do so. Auditorf5 responsibilities for the audlt of the financial slatements Our objectives are to obtain reasonable assurance about whether the financial slalements as a whole are free from material misstatement. whelher due to fraud or error, and to issue an auditorfs 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 {UKI will always detect a material misstatement when it exists. Misslalements can arise from fraud or error,and are considered Tnaterial if, individually or in the aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the basis of these financial slalements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. As part of our audit in ac¢ordan¢e with ISAS {UK), we exercise professional judgement and malntain professlonal scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omissions . misrepresentations. or the override of internal control. Obtain an understanding of intemal 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 internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. 18-
MID ANTRIM ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY Use of our report This report is made solely to the company's members, as a body, in accordance with section 65 of the Charities Act (Northem Ireland) 2008.. Our audit work has been undertaken so that we might state to Ihe company's members those matters we are required to state to them in an aLtditor's report and for no other purpose. To the fullest extenl permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have fomied. Mrs Amanda Harbinson (Senlor Statutory Auditor) for and on behalf of Corrigan CA Limlted 23 Detsmber 2024 Chartered Accountants Statutory Auditor 24 Greystone Road Antrim N Ireland BT412QN 19-
MID ANTRIM ANIMAL SANCTUARY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restrlcted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Other trading activities Other income 465,394 266,689 8.872 465,394 266,689 8,872 223,478 274.287 40,727 264,205 274,287 Total Income 740,955 740,955 497,765 40,727 538,492 Expenditure on: Raising funds Charitable activities 2,695 544,036 2,695 544,036 2,032 487,538 2,032 487,538 Total expenditurè 546,731 546,731 489,570 489.570 Net income and movement In funds 194,224 194,224 8,195 40,727 48,922 Reconclliation of funds: Fund balances at 1 April 2023 1,709,405 50,727 1,760,132 1,701,210 10,000 1,711,210 Fund balances at 31 March 2024 1,903,629 50,727 1,954,356 1,709,405 50,727 1,760,132 The statement of financial activlties includes all galns and losses recognised in th6 year. All income and expenditure derive from continuing activilies. -20-
MID ANTRIM ANIMAL SANCTUARY BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 1,154,939 828,513 Current assets Stocks Debtors Cash at bank and in hand 14 15 2,370 27,004 797,631 2,200 13,058 929,283 827,005 944,541 Credltors: amounts falllng due within one year 17 {27.588} (12,922) Net current assets 799,417 931,619 Total assets less currant liabilities 1,954,356 1,760,132 Income funds Restricted funds Unrestrtcled funds 18 50,727 1,903,629 50,727 1,709,405 1,954,356 1,760,132 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the yéar ended 31 st March 2024, although an audit has been carried out under section 65121 of the CharRies (Accounts and Reports) Regulations (Northern Ireland) 2015. No members have required the company to obtain an audit of its accounts for the year in accordan with section 476 of the Companies Ad. The tNstees acknowledge their responsibilities for complying with the requirements of the Companie5 Ad 2006 with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved by the Trustees on 23 D8cèmber 2024 S L.aJ S Kennedy Trustee H Kerr Trustee Company registration numbèr N1645182 21
MID ANTRIM ANIMAL SANCTUARY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating acttvities Cash generated from operations 24 256,801 80,422 Investing activities Purchase of tangible fixed assets {388,4651 (167,4411 Net cash used in investing activities (388,465) (167,441) Net cash used in financing activities Net decrease In cash and cash equlvalents (131,664) {87,019) Cash and cash equivalents at beginning of year 929,283 1,016,302 Cash and cash equivalents at end of year 797,619 929,283 Relating to: Cash at bank and in hand Bank overdrafts included in creditors payable within one year 797,631 929,283 (121 -22-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AccountSng policies Charlty information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northem Ireland. The address of the registered office is 60 Greystone Road, Antrim, BT412QN. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102) and the Charities SORP "Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effeclive 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepad under the historical cost convention, as modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial staternents. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. -23-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) 1.4 Income All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefils associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies ara applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at tha time of the donation. legacy income is recognised on receipi or olherwise if the Gharity has been notified of an impending distribution, the amount is know and the receipt is expected. If the amount is not known, the legacy is treated as a contingènt asset. stock of donated gcods has no rep1arnent cost and Iherefore has no value to the charily until sold. Incoming resources from non-exchange transaclions are recognised when the donated donated goods can be measured reliably and when consideration is given to th8 benefits and costs. No amounts are included for the conlribution of general volunteers. 1.5 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classifsed under headings of the statement of financial activities to which it relates- expenditure on raising funds includes the costs of all fundraising activities, evenls, non-charitable trading activities, and the sale of donated goods. expenditure on charitable aclivities includes all costs incurred by a charity in Llndertaking aclivities that further its charitable aims for the benefit of its beneficiari6s. including those support costs and costs relating to the govemance of the charity apportioned to charitable aclivities. other expenditure inclLides all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable aclivitles. 1.6 Tangible flxed assets Tangible fixed a55ets are initially measured at cost and subsequently measured at cost or valualion, net of depreciation and any impairment1055es. Depreciation is rècognised so as to write off the cost or valuation of assets less their residLfal values over their useful lives on the following bases.. Premises Plant and equipment Fixtures and fittings Motor vehicles 4 % straight line 1 00/0 Straight line 15 10 reducing balance 20 /0 reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sa18 proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverablè amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual assets an estimate is made of the recoverable amount of the Gash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. -24-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) 1.8 Stocks Sanctuary stocks are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling pri le55 all eslimated costs of completion and costs to be incurred in marketing, selling and distribution. Shop stock of donated goods has no replacement cost and therefore has no value to the charity until sold. Incoming resources from Mn-exchange transactions are recognised when the donated goods can be measured reliably, and where consideralion is given to the benefils and costs. Net realisable value is the eslimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposils held at call wilh banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected to apply the provlsions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issu8s' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Gharity's balan¢e sheet when the charity becomes party to the conlractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounls presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the assel and settle the liability simultaneously. Baslc financlal assets Basic financial a55ets, which include debtors and cash and bank balances, are initially measured at transaction price incliiding transaction costs and are subsequently carried at amortised cost using the effeclive interest method unless the arrangement Constitutes a financing transaction. where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of inter8St. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate m8lhod. Trade creditors ar& obligations lo pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaGtion price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of financial liabilities Financial liabilities are derecognised when the charily's contractual obligations expire or are discharged or Cancelled. -25-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) 1.11 Employee benefits. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonslrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Limited by guarantee The Charity is a company limited by Guarantee and has no share Gapital. In the event of the charity being wound up, the liability in respèct of the guarantee is limited lo £1 per member of the charity. Crltical accountlng estlmates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considerèd to be relevant. Actual results may differ from these estimates. The estimates and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects bolh current and future periods. Donatlons and legacies Unrestrlcted funds Unrestrictod Restricted funds funds Total 2024 2023 2023 2023 Donalions and gifts 465,394 223,478 40,727 264,205 Donations and glfts Collection Boxes Donations Grants Received Gift Aid Membership Legacies Sponsorship 5,838 96,819 9,104 97,207 9,104 97,207 40,727 41.223 24,227 47,087 4,630 40.727 10,487 25.360 324,815 2,075 41,223 24,227 47,087 4,630 465,394 223,478 40,727 264,205 -26-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other trading actlvlties Unrestricted Unrestricted funds funds 2024 2023 Fundraising events Shop income Sanctuary Receipts Pet Plan Conference Room Hire 33,914 231,047 18,710 212,550 34,108 7,047 1,872 3,928 Other trading activities 266,689 274,287 Other income Unrestricted funds Total 2024 2023 Insurance Claims 8,872 Expenditure on raising funds Unrestrlcted Unrestricted funds funds 2024 2023 Fundraising and publicity Seeking donations, grants and legacies 2,695 2,032 -27-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities Charitable Charitable Actlvities Activities 2024 2023 Animal Sanctuary Charity Shops 128,388 39,115 104.549 39,662 167,503 144,211 Share of support costs (see note 9) Share of govemance costs (see note 91 372,197 4,336 338,368 4,959 544,036 487,538 -28-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on Raising Funds & Charitable Activities Animal Sanctuary Charity Fund Shops Raising Total 2024 Total 2023 Support Wages Vet Fees Depreciation Rent Rates Heat & light PrintinglStstionerylAdvertising Computer expenses Animal Feed Insurance Repairs & Maintenance Sundry Subscriptions Accountancy & Audit Telephone Cleaning Travel Direct Costs Vehicle Expenses Dog Expenses Function & Event Expenses Training Credit Card Machine Health & Safety Recruitmenl Expenses Canteen Bank Charges Professional Fees Confèrence Room Exp6nses Opening Stock Closing stock Irrecoverable VAT 245,387 245,387 66,364 62,039 24,955 2,682 32,700 8,771 3,425 6,523 11,356 22,828 1,633 4.616 3,160 5,233 3,137 1,224 830 3,810 4.360 2,695 238,344 53,491 44,838 24.322 1,703 33,774 7,655 4,568 6,650 8,750 12,905 4,978 3,760 4,040 4,370 2,453 104 66,364 62,039 24,955 2.682 26,904 5,796 76 8,695 3,425 6,523 7.291 1,459 1,288 603 2.606 21,540 1,030 2,261 3,160 2,355 4,804 429 3,137 590 830 3,810 4,360 634 3,601 2,695 2,032 811 811 178 10,425 574 667 4,311 1,293 2.200 (2,370) 10,914 2,116 1,034 8.235 178 2,752 7.673 574 312 355 4,311 880 1,335 255 3,500 {2,2001 12,077 1,293 2,200 (2,370} 10.914 128,388 39,115 2,695 376.533 546,731 489,570 -29-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs Gosts 2024 Support Governance costs costs 2023 Staff costs Depreciation Irrecoverable VAT Sundry Cleaning Repairs & Maintenance Computer Running Subscriptions Business Insurance Bank Charges Printing, Stationery & Advertising 256,195 62,039 10,914 1,030 3.137 21,540 3,425 2,261 2,606 355 256,195 62,039 10,914 1,030 3,137 21,540 3,425 2,261 2,606 355 247,613 44.838 12,077 2,230 2,453 12,658 4,568 3,566 247,613 44,838 12,077 2,230 2,453 12,658 4,568 3,566 879 879 8,695 8,695 7,486 7,486 AL*dit fees Legal and professional 3,160 1,176 3,160 1,176 4,040 919 4,040 919 372,197 4,336 376,533 338,368 4,959 343,327 Analysed between Charitable a¢tsvitie5 372.197 4,336 376,533 338,368 4,959 343,327 Governance costs includes payments to th6 auditors of £3,160 (2023.. £4,040) for audit fees. 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting}'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 3,160 62,039 4,040 44,838 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number 12 12 Ernployment costs 2024 2023 Wages and salaries 245,387 238,344 -30-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees (Continued) There were no employees whose annual remuneration was more Ihan £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 12 Taxatlon The charity is exempt from taxation on its aclivities because all its income is applied for charitablé purposes. 13 Tangible fixed assets Proml$os Plant and Fixtures and 8qulpmont frttings Motor vehicles Total Cost At 1 April 2023 Additions 1,014,424 372,625 23.057 13.426 56,157 2,414 21,539 1,115,177 388.465 At 31 March 2024 1,387,049 36,483 58.571 21,539 1,503,642 Depreclation and impalrment At 1 April 2023 Depreciation charged in the year 206,307 55,482 23,044 2,688 44,763 2,071 12,550 1,798 286,664 62,039 At 31 March 2024 261,789 25,732 46,834 14,348 348,703 Carrying amount ht 31 March 2024 1,125,260 10,751 11,737 7,191 1.154,939 At 31 March 2023 808,117 13 11,394 8.989 828,513 14 Stocks 2024 2023 Raw materials and consumables 2,370 2,200 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors other debtors 4,449 22,555 70 12,988 27,004 13,058 31
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Loans and overdrafts 2024 2023 Credit Card 12 Payable within one year 12 17 Creditors." amounts falling due withln one year 2024 2023 Notes Bank overdrafts Other taxation and social security Trade creditors Accruals and deferred income 16 12 5,060 19,336 3,180 3.779 4,828 4,315 27,588 12,922 18 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 Aprll 2023 Incomlng At 31 March resources 2024 50,727 50,727 Previous year: At 1 April 2022 Incoming At 31 March resources 2023 10,000 40,727 50,727 -32-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unrestricted funds The unrestricted funds of the Charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for spe¢ific purposes. At 1 April 2023 Incomlng resources Resources At 31 March expended 2024 General funds 1,709,405 740,955 {546,731) 1,903.629 Previous year: At 1 Aprll 2022 Incoming resources Resources At 31 March expended 2023 General funds 1,701,210 497,765 (489,5701 1,709,405 20 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Totsl 2024 At 31 March 2024: Tangible assets Current assetsl{liabilities) 1,154,939 748,690 1,154,939 799.417 50,727 1,903.629 50,727 1.954,356 Unrestricted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assetsl{liabilitiesl 828,513 880.892 828.513 931,619 50,727 1,709.405 50,727 1,760,132 21 Capital commitments 2024 2023 Amounts contracted for but not provided in the financial statements.. 2024 2023 Acquisition of property, plant and equipment 289.901 -33-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Events after the reportlng date Since the year ending one trustee has been appointed and five have resigned. The reasons for resignations included retirement, time Gommilments and differing perspeclives on governance matters. The centre manager was made redundant on 8th November 2024 following a review and reorganisation of the Animal SanctLtary. 23 Related party transactlons R Bates, who is a trustee, provided serVIS to the value of £1,030 to the ¢harity during the year. All transactions were al arms length. This trustee has resigned now. 24 Cash generated from operations 2024 2023 Surplus for the year 194,224 48,922 Adjustments for.. Depreciation and impairment of tangible fixed assets 62,039 44,838 Movements in working capital= (Increase)Idecrease in stocks (Increase) in debtors Increaselldecreasel in cr6ditors (17Ql (13,9461 14,654 1,300 113,058) (1,580) Cash generated from operations 256.801 80,422 25 Analysls of changes In net funds The charity had no material debt during the year. 26 Movement in Funds Fund At 01104123 Incomlng Resources Resourcès Expended Transfers At 31103124 Restricted Field Development ReseNe Unrestricted operational Unreslricted - general 50,727 50.727 1,709,405 740,955 546,731 1,903,629 1,760.132 740.955 546,731 1,954.356