Company registration number N1645182 (Northern Ireland) MIDANTRIMANIMAL SANCTUARY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
MIDANTRIM ANIMAL SANCTUARY LEGALAND ADMINISTRATIVE INFORMATION Trustees J Elizabeth Moore (Appointed 8 September 20251 (Appointed 8 September 2025) {Appointed 8 September 2025) (Appointed 8 September 20251 (Appointed 8 September 2025) (Appointed 8 September 2025) {Appointed 8 September 20251 (Appointed 8 September 2025) R Bowman Bayles Z Duncan V Heffron S Kennedy L Ros McNeice M Elizabeth McNickle A Moore Secretsries J Moore (Appointed 20 October 2025) Charity number NIC106779 Company number N1645182 (Northem Ireland) Principal address 60 Greystone Road Antrim BT412QN Auditor Corrigan CA Limited 24 Greystone Road Antrim N Ireland BT412QN Bankars Danske Bank 42 High Street Antrim BT414AN Solicitora Mccauley Ritchie Solicitors 89 Holywood Road Belfast BT4 3RD
MID ANTRIMANIMAL SANCTUARY CONTENTS Page Trustees, report Statement of trustees, responsibilities 10 Independent auditols report 11- 13 Statement of financial activities 14 Balan sheet 15 Statement of cash flows 16 Notes to the financial statements 17-28
MIDANTRIMANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. 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 goveming 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 Reports"ng Standard applicable in the UK and RepubliG of Ireland (FRS 102)" (effective 1 January 2019). Charitable Ob ectives ision 'To work to enhan the SanctUas reputation as an exlIent example in it's field. o work to ensure all dogs and Gats 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.. "Mid Antrim Animal Sanctuary is fully committed to providing ca, shelter and enrichment to. and to alleviate the suffering of unwanted, abandoned or vulnerable dogs nd c8ts and to rehome them if possible or otherwise offer them a caring home for life. also aim to educate the public on the welfare of companion animals." Mission Public Benefit Statement We rescue and rehome stray, neglected. unwanted, surrendered and abandoned adult and juvenile cats and dogs. This includes strays and animals from council pounds as well as animals who have been surrendered by their owners due to unfortunate circumstances beyond their control, such as ill health, bereavement, homelessness, imprisonment or change of tenancy contracts. This group of animals is usually reluctantly surrendered to the Sanctuary by their owners. By our actions we can redu some of their stress by knowing that their pet will be cared for and find a new suitable home. We redu the number of animals who may otheNise have been admitted to Council pounds or other welfare facilities and the number of pets that may have been othernise unnecessarily euthanized. This reduces costs for L¢xal Authorities which are passed on to the rate payers. We give advice and guidan on issues such as neutering and spaying and regular vaccinating of pets as well as other aspect of responsible ownership to all members of the public who adopt animals from us. We provide work experience and volunteering opportunities at the Sanctuary and our shops. This will help to develop animal care and welfare skills and also improve communication and team building and hopefully improve employment chances. Our shops sell donated good quality second hand clothing and other household items at reasonable prices to members of the public. This benefits the local economy. None of our actions give rise to any ham to members of the general public. There are no private benefits to the Trustees. What your organisation does Mid Antrim Animal Sanctuary was established as a not for profit organisation. We raise funds and accept donations to Garry out our work. The cats and dogs, pups and kittens we rescue will be cared for. habIlItated and rehomed and adopted into suitable and responsible homes to spend the rest of their lives in comfort and safety. Those animals that are not able to be adopted will remain at the Sanctuary and be cad for. for the rest of their lives. The Charlty's classification The advancement of animal welfare. The advancemènt of education. Who the charity helps The general public. How the Charity work8 Animal welfare and advi. Volunteering and work experience opportunits'es.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aims and Ob'ectives Mid Antrim Animal Sanctuary has had a long history of animal care and welfare from its foundation in 1996. The sanctuary becAme incorporated in 2017. Our main aim is to rescue, provide care and rehome, stray, surrendered and unwanted cats, kittens. dogs and pups and to prevent suffering and Unne$sary euthanasia. They will be plad in suitable and responsible homes to spend the rest of their lives in comfort and safety. Those animals that are not able to be adopted will remain at the Sanctuary and receive care for the rest of their lives. We also hope to show people the joy that animals can give to their homes. This shows our serious Commitment to Care. We also provide educAtion, guidan and advi to groups and individual members of the public. We use social media such as our website and Facebook to promote our work. Our activities and achievements Over the past year we have maintained care of a steady stream of animals, some needing more care and attention than others. This is provided by our team of 14 part ts'me and fvll time staff as well as a band of dedicated volunteers. This year we have rehomed a total of 427 animals. We also have another group of dedicated volunteers who take their work home to foster our very young kitten and pups until they are ready for adoption. We rehomed 212 cats. This has induded a number of litters of kittens as well as individual kitten$ 6 litters of 2 kittens 3 litters of 3 kittens 2 litters of 4 kittens 3 litters of 5 kittens 2 litters of 6 kittens 2 litters of 4 kittens were born in foster care A group of 9 cats from a farm was brought to the Sanctuary. This was a mix from 2 separate litters. Tessrrress In early November 2024 a kitten who we named Tress was brought to Fimiount Vets after it had been struck by a car. At only 8-9 weeks old She was lucky that she was found and rescued. Sadly, one of her front legs was so badly damaged that it had to be amputsted. As Tress was not microchipped her owner could not be trad and no one came fomard to daim her so she was n¢Jw put in the care of our Sanctuary. Our wonderful supporters provided funds for her surgery and veterinary care. Tress was than fostered at the home of one of our dedicated volunteers who provided her care until she was ready for adoption. Tress has now found her forever home and has been renamed Tess. She has settled in very well and has a¢quired a perfect cuddle buddy, her sister Sapphire, who was also adopted from us some years before. We are very happy to see them thrive together.
MIDANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Chai At the beginning of October 2024 little Chai was found at the gateway of the Sanctuary in a carrier. Someone had left here there. She was a friendly trusting cat despite suffering from the trauma of being abandoned and in a strange new place. A few weeks later this little Cat was adopted into a new forever home and also found a companion. Her best friend is now a pet rabbit. As you can see, they get on very well together. We rehomed 215 dogs. This included a numbèr of litters as well as 6 individual pups either from the Pound, another Rescue or surrendered by the owner. 2 collie pups with mum 5 cocker spaniel x collie pups from the Pound 3 collie pups wtth mum Mum, a spaniel x from the Pound gave birth to 7 pups in the sanctuary's puppy unit 3 husky pups from another Rescue Dolly On January 7th 2024 Dolly arrived at the Sanduary from a breeder who no longer wanted her. She was a very pleasant, friendly litue dog. but it soon became apparent that she had some issues when walking and also had a head tilt. After several weeks in our care and various assessments with our veterinary team, Dolly's condition was not getting worse but also was not improving. Our veterinary team believed that the condition was neurological but were Concerned that it could have been caused by a brain tumour. The only way to determine the cause of her symptoms was to do an MRI scan. This is a costly procedure and must be carried out at the specialised veterinary practice. In order to give Dolly the best possible future, it was decided to set up a JustGiving fund raiser for her. Thankfully our generous supporters raised enough fund5 for the MRI produre to go ahead. Good news! The scan showed that there was nothing sinister affecting Dolly. The problems had been caused by an untreated middle ear infection. After a few weeks of treatment Dolly found a loving forever home and wa$ successfully adopted. She will be supported by our foster s¢heme for any further ear problems.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Max Many supporters will remember Max, the French Bulldog, Staffordshire 8ull Terrier cross puppy whose story drew widespread attention in Dernber 2024. Max was seized as a stray by Lisburn and Castlereagh Council {LCCC) under Breed Specific Legislation {BSL). With no owner coming forward to claim him, his fate was UnrtaIn. as dogs suspected of falling under BSL cannot be rehomed and are instead typically euthanised while in council care. In the weeks that followed the Council and the USPCA reached an agreement that a suitable new owner could be identified for Max. Given that he showed no signs of aggression or danger to the public, it was decided he deseed a chance at lrfe. Mid Antrim Animal Sanctuary Yre asked to conduct a home theck for one of our volunteers, who had stepped forward to become Max's new owner. We were proud to assist, though we wish such intervention had not been neSsary. Despite the efforts of our senior staff, all attempts to arrange visits for Max's prospective owner to see him at the pound were sadly unsuccessful. At one point, we offered to accommodate Max at our sanctuary to ensure his welfare needs were met outside of the pound environment, an offer which grettably, was declined by the council. It is with deep regret, as animal welfare advocates, that we acknowledge the ordeal Max endured. A young, innocent crossbreed puppy caught up in flawed legislation that fails to protect the most vulnerable. However, we remain hopeful that his case has set an important precedent, showing that compassion and flexibility can prevail and that not every case labelled under BSL must end in tragedy. Max's story is a powerful reminder of what can be achieved when common sense. compassion and collaboration unite the public and animal welfare organisations. We are proud to have played our part and wish Max and Molly a lifetime of love and happiness together. Principles of Care All animals for adoption are neutered or spayed before they leave the Sanctuary if this is possible. If they are too young to do this a voucher will be provided along with advice and instruction. The need to encourage neuteiing of companion animals is an essential part of responsible ownership. All animals also receive their initial vacanation before they leave. The voucher the adopters are given will also cover the st of the semnd vaccination. We have an agreement with our local vet to provide this seNice. All animals will be microchipped and this wtll be registered to the new owner. There are occasions when there is a need to foster certain animals in order for them to leave the sanctuary if it is unlikely that they will find a home due to health or behavioural issues or are simply too sick or too old. A number of these animals will benefit by being in a loving safe home environment. Wth the cats. issues such as HIV or FELV are taken into account. The solution is to provlde support for their specific needs for adopters. This can be done in a number of ways such as veterinary fees, medicines, help with medical procedures or special diets. These animals will receive support for as long as it is needed. While our main objective is to rescue and rehome cats and dogs, in reality this may not always be possible. A group of the animals we rescue will remain at the Sanctuary and receive care for the rest of their lives. We have retained small cohort of long stsy animals for some time. The staff and volunteers know them well and treat them with respect and care. We also receive support for some of these long stay dogs from the general public and our
MIDANTRIMANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 members who sponsor kennels and individual dogs. For people who are unable to adopt because of social or practical reasons this can be a satisfying commitment and we value their financial contributs"on. On adoption of any animal we request that if the owners are no longer able to care for their pet, it will be retumed lo us. This situation can be caused by bereavement, imprisonment, unexpected allergies, changes in tenancy agreement (this has become more common rently) or illness and disability. We make no charge for this seNice. The day to day care of the animals is provided by 14 full and part time staff and a group of dedicated volunteer5 (including agenGy staffj. As well as walking the dogs in the local area they use our modern enrichment centre for the dogs. This facility was opened in 2022 and indudes a meet and greet area, a dedicated puppy unit. a living room area, and exercise area for the dogs as well as a nt garden for the cats. Volunteers also assist the staff in the cattery and in general activities in the Sanctuary. Outreach and fund raising This year we have had over 3500 visitors to the Sanctuary. These comprised members of the general public, corporate business groups, volurrteers as well as young people for work experience. There have been a number of outreach events. This provides an opportunity to both give and reoive. We give information and guidance about responsible ownership, pet care and animal welfare as well as offering a chancR to become practically involved in work at the Sanctuary. We value the support of our members, the local community and businesses who provide ServIS and funding. We were invited to host fun pet shows at fairs in Antrim Castle Gardens, Randalstown and 8ally¢lare. We include categories such as prettiest female, handsomest male, waggiest tail, the pet most like their owner and fancy dress. Every animal will receive an award as well as a packet of poo bags. A good time is usually had by all. We have had one of our fearless volunleers abseil down the Europa Hotell l These events help raise awareness of our Charity, the work that we do and funds that are needed to help support this. In October we hosted a group of young people from the Duke of Edinburgh Bursary Scheme to explain how we could enrich the lives of the animals in the Sanctuary. We hosted a number of corporate volunteer days for local and Belfast based businesses. We were very grateful for their help around the Sanctuary. We had a huge donation of 11 baths full of pet supplies from a local branch of a large bathroom supply company. At present we have two shops based in Antrim and Larne. They make a large contribution to the funds needed to run the Sanctuary. The shops sell good quality preloved {second-hand) clothing. shoes, bedding and various household items at reasonable prices to the public. This in tum makes a contribution to the local economy as well as to the Sanctuary. We support our local businesses such as our vet, the petrol stations and local shops.
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial Revièw The Trustees confirm a deficit of net income over expenditure of £8,497. For the financial year, income was £635,964 (202314.. £740,955}, a decrease of £104,991. This decrease is in the main attributable to donations and legacies.. Total expenditure for the year was £844,481 (202314- £546,731 an In¢aSe of £97,730. This incrèase was due to an increase in sanduary expenditure and running wsts. Cash reserves (approximalely 6 months projected spend.} of £410,000 were maintained as a minimum baseline in the accoLsnts during the financial year. Given ongoing uncertainty within global financral markets the Trustees continued with a pragmatic approach to investrnents during the financial year. Liquidity and maintaining cash reserves were considered of greater Importan in times of austerity, The Board approved a deasion 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 organisation is £1,945,859 at the end of the financial year. The main income streams for MAAS during the year weré charity shops sales, £218,678., and legacies, £227,494 (the streams providing £446,172 of the total income). Shop income increased from the previous year by an amount of £34,427. Thankfulty legacy income was reIved, which helped mitigate against the challenges in our retail environment. Higher than anticipated, the large legacy amoLsnt was reiVed with thanks by MAAS. Legacy income, 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 reserves. The legacy strategy continues with effective, but compassionate, promotional inforrnation, engagement within memory donations and connection to local solicitors. Membership of the Will to Give group ntInueS with a Committee position held within the organisation to further promote gÈfts in wlls. General donations are seeing a continued decrease in retums, when compared to previous years. The context of the cost-of-living crisis, inflationary increases, and a lack of Confidence in surplus personal cash are factors contributing to this in the financial year. This trend affects almost all charities and may continue. The Trustees will continue to monitor and find ways to 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 ensure5 we meet our organisational 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, rent and heat and light all in¢rea$ed in the financial year and is reflective of trends in the extemal environment. Extemal economic factors necessitated an uplift in salaries, however investment in staff as the organisation's best asset is recognised by the Trustees. The main building at MAAS is over ten years old and due to this will require regular maintenance moving forwards. While general running sts increased to some degree it was the continued uplift in gas and electric process that had the most impact both at the Sanctuary and the charity shops. A total of £38,062 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 expenditure5. During the finanaal year £20,007 was incurred on the new build development- which was fvlly funded through prior years donations. Depreciation to the value of £62.260 was allowed for in the reporting period
MID ANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 finanaal statements. MAAS has weathered the covid pandemic and a period of national austèrity over the past few years. However, based on UK Government communicab'ons financial uncertainty will continue viith another 'difficutt period, expected beyond the financial reporting year. The Trustees are mindful of the challenges presented by these developments in the economic environmerrt. The Trustees will adopt a robust and sustainable management plan ensuring alignment with financial for&asts while meeting organisational aims and objectives. We anticipate the need for our rehoming services and Ca for animals. as well as more challenging animals ¢oming into our rAre. will not decrease and will continue to increase. This wtll result in ongoing assessments to ensure income generation meets these growing needs. It is acknowledged that we are continuing into another difficult and challenging environment and the need for financial management and, longer-temi strategic development, wtll be al the forefront of the Trustees focus. Risk Management The Trustees have responsibility for ovèrsight of risk control within the organisation. Along with management they review risks on a regular basis. Risks were addressed during each Board meeting, and aGtions taken to mitigate or control these. Plans for Future Periods We are waiting for the impending appoinlment of our new CEO. We will be increasing our contact with the general public and our members by returning to pr¢xluction of our newsletter a year. We will be increasing the days we are open for visitors. This will increase access to the animals in the Sanctuary and hopefully increase adoptions. 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 with the Charity Commission for Northem Ireland (R8gistration Number.. NIC106779) and is recognised as a charity by HMRC (Charity Reference.. NIO1705). The principal office is located at Hurtletoot House, 60 Greystone Road, Antrim, B T412QN. Goveming Document: As a Company Limited by Guarantee (Company Number.. N1645182), Mid Antrim Animal Sanctuary is governed by its Memorandum and Artides of Association, which empower the charity to take any actions that further its Gharitable objectives or are conducive to achieving them. Charity's Structure: In accordance with charity law. the charity is govemed by Trustees also serve, 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 Servi period of eight years. The Board of Trustees of Mid Antrim Animal Sanctuary consists of dedicated individuals who oversee the organisation's govemance and strategic direction. Elected by the Sanctuary's Members, their piimary role is to ensure the sanctuary operates within its mission and Gomplies with legal and regulatory requirements while providing financial oversight to build long-term stability. The Trustees provide strategic leadership, ensuring the Sanctuary's continued growth and sustainability. Day- t(Trday operations are delegated to the Centre Manager and staff, who are supported by a dedicated team of volunteérs. Trustees see on a voluntary basis. with no remuneration received during the year. Staff salaries are reviewed annually, taking into account various factors. As a company limited by guarantee, the organisation does not have share capital. Members, liability is limited to a maximum of £1 each, covering any contributions required to address the Company's net assets or liabilit16s upon winding up. The organisation is a voluntary subscriber to the Fundraising Regulator.
MIDANTRIM ANIMAL SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Trustees Patricia Ball lan Dodds Stephen Kennedy Freda Waite Robin Bates Danielle Hollinger Bill Atkinson Helen Kerr Gillian Sts'rling Andrew Godden Andy Godden Joanne Elizabeth Moore Ruth Bowman Bayles Zara Duncan Vincent Heffron Stephen Kennedy Lynsay Ross McNeice Margaret Elizabeth McNickle Angus Moore Appointed 24 November 2021, Resigned 11 November 2024 Appointed 24 November 2021, Resigned 8 December 2024 Appointed 24 October 2018, Resigned 22 April 2025 Appointed 23 October 2019, Resigned 15 August 2025 Appointed 20 December 2022, Resigned 19 November 2024 Appointed 20 December 2022, Resigned 10 January 2025 Appointed 1 May 2023, Resigned 11 November 2024 Appointed 9 June 2023, Resigned 15 August 2025 Appointed 10 July 2023, Resigned 5 December 2024 Appointed 24 April 2024, Resigned 8 September 2025 Appointed 17 February 2025, Resigned 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 Appointed 8 September 2025 There were 12 meetings of the Trustees in the reporting period all meetings with a hybrid fomiaL Appointment of Trustee5: The Chairperson and Trustees are responsible for the recrurtment and selection of new Trustees as needed. Trustees a chosen based on the relevan¢e of their professional skills and their ability to contribute meaningfully to the governance of the charity. As part of the ¢ruitMent process, new Trustees are fvlly briefed on their legal obligations under charity and company law, the Contents of the Memorandum and Articles of Association, the Board's derision-making processes, the charity's financial performants, and other key policies and relevant information.
MIDANTRIM ANIMAL SANCTUARY TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Audltor In accordance vAth the company's articles, a resolution proposing that Corrigan CA Limited be reappointed as auditor of the wmpany will be put at a General Meeting. Disclosure of inforniats'on to auditor Each of the trustees has confirmed that there is no information of whith they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confimied 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 28 January 2026
MIDANTRIM ANIMAL SANCTUARY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees. who are also the directors of Mid Antn'm Animal Sanctuary for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordan 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, of the charitable rnpanY for that year. In preparing these financial ststements. 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 prudènt", state whether applicable UK Accounting Standards have been followed, subject to any material departures disdosed and explained in the financial statements- and prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10-
MIDANTRIM 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 erKled 31 Mar¢h 2025 which comprise the statement of financial activities, the balanrE sheet. the statemènt of cash flows and notes to the financial ststements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounts'ng Standards, induding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 'We conducted our audit in accordan with International Standards on Auditing (UK) (ISAS (UK)) and appliGgble law. Our responsibilities under those stsndards are further described in the Auditorfs spOnSibl11¢1eS for the audit of the financial statements section of our report. We are independent of the charity 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 fulfilled our other ethical responsibilities in acrdanCe with these requirements. We believe that the audrt evidence we have obtained is SLffi¢ient and appropriate to provide a basis for our opinion. Conclusions relating to going con¢em In auditing the financial statements, we have conduded that the Irustees, use of the going concern basis of accounting in the preparation of the financtal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast signifi¢ant doubt on the charity's ability to ¢ontinue as a going COnM for a period of at least twelve months from when the financial ststements are aLrthorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other Information The other information comprises the infomab'on in¢luded in the annual report other than the financial statements and our auditorfs report thereon. The trustee5 are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent othenmise explicitly stated in our report, we do not express any form of assurance condusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowtedge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have perfomied. we ¢ondude that there is a material misststement of this other infomiation, Y are required to report that fact. We have nothing to report in this regard. Opinions on other matters proscribed 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 indudes the dire¢tors' report prepared for the purposes of company law, is consistent with the financial statements., and the directors, report included within the trustees, report has been ppared in accordan with applicable legal requirements. 11
MID ANTRIM ANIMAL SANCTUARY INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY Matters on which we are requlred to raport 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 nothing 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 report to you if, in our opinion.. adequate accountin9 records have not been kept. or returns 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 returns,- or certain disclosuos of trustees, remuneration specified by law a not made,. or we have not received all the information and explanations we qUIre 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 requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors 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 intemal 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 eor. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern. disclosing. as applicable, matters related to going conrn and using the going conorn basis of accounting unless the trustees either intend to liquidate the charitable compary or to ase operations, or have no realistic alternative but to do so. Auditorfs responsibilitias for the audit of the financial ststsments Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement, whether 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanaal statements. The extent to which our procedures are capable of deteding irregularities, including fraud, is detailed below. As part of our audit in accordance with ISAS (UK), we exercise professional judgement and maintain professional 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 , misrepresentstions, or the override of intemal control. Obtain an understanding 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 internal control. Evaluate the appropriateness of accounting poliaes used and the asonab[eness of accounting estimates and related disdosur8s made by the trustees. 12-
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 lo the company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fvllest extent pemiitted 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 fomed. MrAidan Corrigan (Sen or tstutory Auditor) for and on behalf of Coffigan CA Limited 28 January 2026 Chartered Accountants Statutory Auditor 24 Greystone Road Antrim N Ireland BT412QN 13-
MID ANTRIM ANIMAL SANCTUARY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restrictsd fund$ funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income and endowments from: Donations and legacies Other trading actiwties Invèstments other income 346,713 286,307 2,944 346,713 286,307 2,944 465,394 266.689 465,394 266,689 8,872 8,872 Total Income 835,964 635,964 740.955 740,955 Expenditure on: Raising fijnds Charitsble activities 451 643,130 451 644,010 2.695 544.036 2,695 544,036 880 Total exponditure 643,581 880 644,461 546,731 546.731 Net incomo1(exnd1tureTr and movement in funds {7,617) (880) {8,497) 194.224 194,224 Rpconciliation of funds: Fund balances at 1 April 2024 1,903,629 50,727 1,954,356 1,709.405 50,727 1,760,132 Fund balances at 31 March 2025 1,896,012 49,847 1,945,859 1,903,629 50,727 1,954,356 The statement of financial activitie5 indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 14-
MID ANTRIM ANIMAL SANCTUARY BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notss Fixed assets Tangible assets 14 1,116,884 1,154,939 CuThent assets stocks Debtors Cash at bank and in hand 15 16 3,286 20,208 832,347 2,370 27.004 797.631 855,841 827.005 Creditors: amounts falling due wtthin one year 18 (26.866) (27,588) Net current assets 828.975 799,417 Totsl assets less current liabilitles 1,945,859 1,954,356 Income funds Restricted funds Unrestricted funds 19 49,847 1,896,012 50.727 1.903.629 1.945,859 1.954,356 The company is entided to the exemption from the audil reqU1ment contained in section 477 of the Companies Act 2006, for the year ended 31st March 2025, although an audit has been carried out under $ection 65{2) ofthe Charities {Accounts and Reports) Regulations (Northern Ireland) 2015. No members have required the company to obtain an audit of its accounts for the year in accordance with section 476 of the Companies Act. The trustees acknowledge their responsibilits.es for complying with the requirements of the Companies Act 2006 with resped to accounting records and the preparation of financial statements. These financial ststements have been prepared in accordance with the provisions applicable to Companies subject to the small companies, regime. The financial statements were approved by the Trustees on 28 January 2026 J Elizabeth Moore Trustee J r4oo)fe S Kennedy Trustsa Company registration number N1645182 (Northem Ireland) 8L4 15-
MID ANTRIM ANIMAL SANCTUARY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating actlvltles Cash generated from operations 24 55,944 256,801 Investing activities Purchase of tangible fixed assets Investment income received (24,205) 2,944 (388,465) Net cash used in investing activities (21.261) (388,465) Net cash used in financing activities Net increasel(decrea$e) In cash and cash equlvalents 34,683 (131,664) Cash and cash equivalents at beginning of year 797,619 929.283 Cash and Gash equivalents at end of year 832,302 797,619 Relating to: Cash at bank and in hand Bank overdrafts induded in creditors payable thin one year 832,347 797,631 (45) (12) 16-
MIDANTRIMANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting poliGies Charity infomiation The charity is a public benefit entity and a private company limited by guarantee. registered in Northem Ireland and a registered charity in Northern I13nd. The address of the registered office is 60 Greystone Road, Antrim, BT412QN. 1.1 Accounting convention The financial statements hav8 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" ('FRS 102°} and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicablé in the UK and Republic of Ireland (FRS 102)" (effective 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 ststements have been prepared under the historical cost convention, as modified to include the revaluation of freehold properties and to include investrnent properties and certain financial instruments at fair value. The prinapal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 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 statements. Designated funds are unrestricted funds eamiarked by the trustees for particular futu project or commrtment. 17-
MIDANTRIMANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policle$ (Continued) 1.4 Income All incoming reSoUrS are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the e¢onomiG benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income". income from donations or grants is recognised when there is evideno of entitlement to the gift, rEipt 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 performan conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gfft Aid or deeds of covenant is recognised at the time of the donation. legacy income is recognised on reIpt or othewse if the charity 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 contingent asset. stock of donated goods has no replacement cost and therefore has no value to the charity until sold. Incoming resources from non-exchange transadions are reGognised when the donated donated goods can be measured reliably and when consideration is given to the benefits and costs. No amounts are induded for the contribLrtion of general volunteers. 1.6 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classtfied under headings of the statement of financial activitie$ to which it relates-. expenditure on raising funds indudes the costs of all fundraising actiVFties, events, non-charitable trading activities, and thè sale of dona16d goods. expenditure on charitable activities indudes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support ¢osts and costs relating to the govemance of the charity apportioned to Charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the followtng bases.. Premises Plant and equipment Fixtures and fittings Motor vehicles 4% straight line 10% straight line 15% reducing balance 20% reducing balan The gain or loss arising on the disposal of an asset is determined as the difference between the sale proedS and the carrying value of the asset. and is recognised in the statement of financial activities. 1.7 Impainnent of fixed assets A review for indicators of impairment is carried out at each reporting date, with the rewverable amount being estimated where such indicators exist. Vlthere the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaimients are also VieWed 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 cash generating unit to which the asset b6longs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash infiows that largely independent of the cash inflows from other assets or groups of assets. 18-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.8 Stocks Sanctuary stocks are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribLrtion. Shop stock of donated goods has no replament cost and therefore has no value to the charity until sold. Incoming resources from non-exchange transactions are re¢ognised when the donated goods can be measured reliably, and where consideration is given to the benefits and costs. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wsthin borrowings in current liabilities. 1.10 Financlal instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrument$ are recognised in the charity's balan sheet when the charity becomes paty to the contractual provisions of the instrument. Financi81 assets and liabilities are offset, with the net amounts 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 reali$e the asset and settle the liability simultsneously. Baslc financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction Costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts dis¢ounted at a market rate of interest. Financial assets dassified as receivable wthin 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 transactton, where the debt instrument is measured at the present value of the future payments discounted at a markel rate of interest. Financial liabilities classified as payable wtthin one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are Glassified 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 transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dere¢ognised when the Charity's contractual obligations expire or are discharged or cancelled. 19-
MIDANTRIMANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 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 COgnised immediately as an expense when the charity is demonstrably committed to temiinate the employment of an employee or to prowde termination benefits. 1.12 Limited by guarantee The Charity is a company limited by Guarantee and has no share capital. In the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. Critical accounting estimates 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 experien and other factors that are considered 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 l)oth current and future periods. Donations and legacios Unrestricted Unrestricted funds funds 2025 2024 Donations and gifts 346,713 465.394 Donations and gifts Collection Boxes Donations GiftAid Membership Legacies Sponsorship 5,682 79,509 10,406 21,382 227,494 2,240 5,838 96,819 10.487 25,360 324,815 2,075 346,713 465,394 -20-
MIDANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other trading activities unStriCted Unrestri¢ted funds funds 2025 2024 Fundraising events Shop income Sanctuary Receipts Conference Room Hire 15,100 218,678 49,421 3.108 31,714 184,251 46,796 3,928 Other trading activities 286,307 266,689 Income from Investments UntrIcted Unrestricted funds funds 2025 2024 Interest re1vable 2,944 Other income Total Unrestricted funds 2025 2024 Insurance Claims 8,872 Expenditure on rai8lng funds unstriCted Unrestrlcted funds funds 2025 2024 Fundraising and publicity Seeking donations. grants and legacies 451 2,695 21
MIDANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Charitable Charitable Activities Activities 2025 2024 Animal Sanctuary Charity Shops 129,855 52,048 128,388 39,115 181,903 167,503 Share of support costs (see note 10} Share of governance costs (see note 10) 455,768 6,339 372.197 4,336 644,010 544,036 Analysis by fund Unrestricted funds Restricted funds 643,130 880 544,036 644,010 544,036 -22-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on Raising Funds & Charitablo Activities Animal Sanctuary Charity Fund Shops Raising Total 2025 Total 2024 Support Wages Vet Fees Depreciation Rent Rates Heat & light PnntinglStationerylAdvertising Computer expenses Animal Feed Insurance Repairs & Maintenance Sundry Subscriptions Accountancy & Audit Telephone Cleaning Travel Direct Costs Vehide Expenses Dog Expenses Function & Event Expenses Leasing Credit Card Machine Health & Safety Rruitrnent Expenses Canteen Bank Charge5 Professional Fees Conference Room Expenses Opening Stock Closing stock Irrecoverable VAT 340,170 340,170 53,241 62,260 27.953 920 38,062 6,109 4.686 13,113 12,658 24,021 2,867 3,809 3,860 5,757 6,709 4.108 2,935 1,016 5,843 451 1.983 987 2,530 245.387 66,364 62,039 24,955 2,682 32.700 8,771 3,425 6.523 11.356 22.828 1,633 4,616 3,180 5,233 3.137 1,224 830 3,810 4,360 2,695 53,241 62,260 27,953 920 30,362 7,700 30 6,079 4,686 13.113 8,710 1,423 7.175 831 2.525 16,846 2,036 1,702 3,860 2,107 5,589 168 2,279 1,337 1,394 4,430 2,771 1,541 1,016 5,843 451 1,983 987 811 178 10.425 574 667 4,311 1.293 2,200 (2,370) 10,914 2.530 810 810 1,503 2,479 1.776 2,370 {3,286) 12,761 771 732 2,479 1,776 2,370 (3,286) 12,781 129,855 52,048 451 462,107 644,461 546,731 -23-
MIDANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Support costs Support Govemance Costs costs 2025 Support Govemance costs costs 2024 Staff costs Depreciation Irrecoverable VAT Sundry Cleaning Repairs & Maint8nance Computer Running Subscnptions Business Insurance Bank Charges Printing. Stationery & Advertising 341,711 62,260 12,761 2,036 4,430 16,846 4,686 1,702 2,525 732 341.711 62,260 12,761 2,036 4,430 16.846 4,686 1,702 2,525 732 256,195 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 6,079 6,079 8,695 8.695 Audit fees Legal and professional 3,860 2,479 3,860 2,479 3,160 1,178 3.160 1,176 455,768 6,339 462,107 372,197 4,336 376.533 Analysed between Charitsble activities 455,768 6.339 462,107 372,197 4,336 376,533 G0Veman costs includes payments to the auditors of £3,860 {2024.' £3,160) for audit fees. 11 Net movement in funds 2025 2024 The net movement in funds is stated after ¢hargingl{crediting)". Fees payable for the audit of the charitys financial statements Depreciation of owned tangible fixed assets 3.860 62,260 3.160 62,039 12 Employees The average monthly number of employees during the year was.. 2025 Number 2024 Number Total 11 12 Employment costs 2025 2024 Wages and salaries 272,225 245,387 -24-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees {Continued) There We no employees whose annual remuneration was more than £60,000. 13 Taxation The charity is exempt from taxation on its activtties because all its income is applied for charitable purposes. 14 Tangible fixed assets Prgmlsfrs Plant and FureS and qulpment fitting$ Motor vehlc19S Total Cost At 1 April 2024 Additions 1,387,049 20,007 36,483 58,571 4.198 21,539 1,503,642 24,205 At 31 March 2025 1,407,056 36,483 62.769 21,539 1,527,847 Depreclation and impairnient At 1 April 2024 Depreciation charged in the year 261,789 56,282 25,732 2,150 46,834 2,390 14,348 1,438 348,703 62.260 At 31 Mah 2025 318,071 27,882 49,224 15.786 410,963 Carrying amount At 31 March 2025 1,088,985 8,601 13,545 5,753 1,116,884 At 31 March 2024 1,125,260 10,751 11,737 7,191 1,154.939 15 Stocks 2025 2024 Raw materials and consumables 3,286 2,370 16 Debto 2025 Amounts falling due wlthin one year: 2024 Trade debtors Other debtors 1.702 18,506 4,449 22,555 20,208 27,004 -25-
MID ANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Loans and overdrnfts 2025 2024 Credit Card 45 12 Payable WFthin one year 45 12 18 Creditors: amounts falling due within one year 2025 2024 Notes Bank overdrafts Other taxation and social security Trade creditors Other Creditors Accruals and deferred income 17 45 12 5,060 19,336 23.011 475 3,335 3,180 26,866 27,588 19 Restricted funds The restrided funds of the charity comprise the unexpended balances of donations and grants held on trust subject to spe¢ific condits'ons by donors as to how they may be used. At 1 April 2024 Resources At 31 March expended 2025 50,727 (880) 49,847 Prnvious yaar: At 1 April 2023 Resourc8s At 31 March expended 2024 50,727 50.727
MIDANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 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 havè been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2025 General funds 1,903.629 635,964 (643,581) 1,896,012 Previous year: At 1 April 2023 Incomlng resources Resources At 31 March expended 2024 General ftjnds 1,709,405 740,955 {546,731) 1,903.629 21 Analysis of net assets between funds Unrestricted funds 2025 Restricted funds 2025 Totsl 2025 At 31 March 2025: Tangible assèts Current assetsl(liabilities) 1,116,884 779,128 1,116,884 828,975 49,847 1,896,012 49,847 1,945.859 UnRstricted funds 2024 Restricted funds 2024 Total 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 22 Events after the reporting date Since the year ending five trustees have resigned. The reasons for resignations included retirement, time commitments and differing perspectives on governance matters. Since the year end there have been eight trustees appointed. Redundancy payments of £69,059.55 have been made Sin the year end to three employees. -27-
MIDANTRIM ANIMAL SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 Related party transactions Robin Bates who was a trustee up until he resigned on the 18th November 2024 provided services to the value of £1,400. 24 Cash generated from operatlons 2025 2024 (Deficit)Isurplus for the year (8,497) 194,224 Adjustments for". Investment income recognised in statement of financial activities Depreaation and impainnent of tangible fixed assets (2.944) 62,260 62,039 Movements in working capital". {Increasel in stocks Decreasel(increase) in debtors (Decrease)fincrease in creditors (916) 6,796 (755) (170) (13,946) 14,654 Cash generated from operations 55.944 256,801 25 Analysis of changes in net funds The chartty had no material debt during the year. 26 Movoment in Funds Fund At 01104124 Incoming Resources Resources Expended Transfers At 31103125 Restricted Field Development Reserve Unrestricted - operational Unrestricted - general 50.727 (880) 49,847 1,903,629 635,964 {643,581) 1,896,012 1,954,356 835,964 (644,461) 1,945,859 -28-