CHARIry REGISTRATION NUMBER: SC024873 BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS UNAUDITED FINANCIAL STATEMENTS 30 SEPTEMBER 2024 RITSONS Chartered Accountants 26-30 Marine Place Buckle Moray AB56 1 UT BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS FINANCIAL STATEMENTS Year ended 30 September 2024 PAGE Trustees, annual report Independent examinerfs report to the twstees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financial Statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16 BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS TRUSTEES, ANNUAL REPORT Year ended 30 September 2024 The Iruslees present their ￿pOrt and the unaudited financial stateFrents of the charity for the year ended 30 September 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered charlty narne Banff & Aberdeen5hire Rescue & Rehoming Kennels Charity r•gl8tratlon numb•r SC024873 Principal offic• 43 Low Street Banff Aberdeenshire AB45 1AU THE TRUSTEES {Resignee 24 February 20251 {Resigned 11 December 20231 Company secretary Indopendgnt examln•r Ritsons 26-30 Marine Pl￿e 8ud(ie Moray AB56 1 UT BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS TRUSTEES, ANNUAL REPORT feoniinu•d) Year ended 30 September 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is an unincorporated associatron governed by a written eonslitulion adopted by its members. Thert are no reslrielions in the goveming document on the operation of the charity or on its investment powers, other than those imposed by general charity law. The ¢harity is managed by a Board of Management referred lo as "The Executive" Eligibility for membership ol the charity. and membership of the Executive is governed by the trust deed Members of the Executive Committee are Trustees for the purposes of charity law and are referred to as Tnjslees throughout this report. All Tr4JStees shall hold Offi￿ for one year, bul will be eligible for immediate re*lection. The minimum number of Trustees is five and Ihe maximum number is nine. a quorurn shall be three. The Trustees shall elect the office bearefs. Thè rnethods adopted for th• rncruftment •nd *ppolntmènt of new Tru8tee• TrLtstees are elected by the members present and voting al the Annual General Meeting held within nine calendar months of ea¢h financial year end. Th• pollcl•# •nd proc•duM adoptod lor the Indu¢tlon and tr•lnlng of Tru*to08 The charity has a policy ol do's and dont's for the training of Trustees and this follows the guidelines laid down by OSCR for trustees. Th• org•nl•atlonal •tructure ol th• ¢h•rlty •nd how d•chlon• •r• m•do Tho Charity is managed by a Board of Management refer￿ to as The Executive" The duty ol the Executive is lo promote the objective of BARRK as referred lo In Ils conslilulion, and lo meet al least once every three months to discuss all mattets relating lo the operational and financial affairs of the Chanty. Minutes will be taken al all meetings and kept as a Irue record. The major rl8k• to whlch th• charlty l# •xpoied and thè 8y•ttm# In pl•c• to mltlgat• rlsks The Truslees identify the major risks to which the charity is exposed each financial year when preparing and updating a slralegie plan, in parti¢ular those related to the operation$ and finances of the charity. The Trustees then review any major risks which have been identified, and establish systems lo miligale those ri5k$. The charity is satisfied that the systems are in place lo miligale those risks. The charity is satisfied that the systems a￿ in place to miligale their exposure lo the major risks which have been so identified and reviewed. The charity is open lo the usual financial risks of any organisalion. and the charity has introduced controls lo minimise these risk$. $u¢h a$ tsvo S￿natUreS being reqUI￿d for payments from the bank account. In addition. the accounts are regulady explained to members of the charity and are opgn for memberfs inspection al any tsme. Volunteers are crucial lo the operation of the charity as both the Trustees and the staff of the chaTity shop are volunteers. The 8oard of the ¢harity aré very grateful lo all the volunteers who participate in the running of the charity. BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS TRUSTEES. ANNUAL REPORT f conlinu•d) Year ended 30 September 2024 OBJECTIVES AND ACTIVITIES Brief summary of the objects as per the governing document To relieve Ihe suffering of abandoned. unwanted. neg￿C.ed and abused dogs and puppies. The ¢hority'S aims In¢ludlng the changes or dlfferen¢gs It seek$ to makg through Its actlvltlps To e¢Jucale Ime public in the skills associated with goool management an(J responsible dog owneiship. Explanatlon of the charity'• m•lD objo¢li¥¢$ for the year To take dogs for rehoming at the request of their ownws who may have found themselves in position of not being ablè to care for their dogs anymore. Th8 charity's strategies for achieving its stsl¢d oblectlve8 To operate a charity shop selling donatèd goods and to hold fundraisirKJ events and lo invite conlribulions. To maintain a policy ol public awareness of responsib￿ dog ownership. The rental ol kennel space ac¥oss the North East of Scouand for the use of doJs awaib'ng rehoming. ACHIEVEMENTS AND PERFORMANCE As the charity approached Ihe end Df its 28th financial year. ￿ demand on our service from the public has continued to increase. This Is due in part to the fall out o covid coupled with the finan¢ial burden that dog owners are laang wth ever InC￿asing costs asso¢iated with veterinary care. 11 is beginnin9 to emerge that somè m8mbars of the public again aro fiThYin9 the financial burden of insurance anolhor f•¢lor that f¢r¢es them to ¢ome to the decision to offer the do9 up for •Yoption. Given the overall costs associated with being a pet owner this to somè extent reduces our pool of potential adopters as members of the public becorne more acutely aware of the financial burden of having a dog in their life The charity has also begun lo expenence enquiries from ￿EMberS of the public seeking advice on pLacing Iheif dog for adoption from as far afield as England as it has become apparent that dcg rescue cent￿S up and down the country are at capacity. We. at BARRK, will aways strive to offer 5UPPOrt and advice 10 individuals in pointing them in the directior¢ of allemab.ve organisalions and facilities that may be better placed to provide a rnore niche sUPPOrt. The charity hon*d 71 dogs in the year. Vve continue to make use of the comrrercial kennel facilities based in Elgin who have been immensely supportive of our work ovei the 25 years we have used them. We Gonlinue to enjoy very favourabie rate5 and the proprietoi, has always been al pains to try and ensure that the charity's kennelling bud9et is not overstretched given that our Core cost for kernnelling continues 10 be one of the major finan¢01 ¢ommitments of the charity and BARRK Is immensely appreciative of the kennel facililies efforts to hdp minlmise our finan¢Fal outlay. Dèspite like so many other businesse$, BARRK included, they thgmsdves ara experiencing a huge increase in fuel costs. Our ¢harity shop is our main source of income and the ch￿ty has been fortunate in that not only with the location being -lose lo the bus stop which creates bigger foorfall but also members of the public who continue to donate on a regular basis. This ensures that the shop, which is run by a brilliant team of volunteers, has a vasl array of ever-changing sl¢¢k whieh has enticed more customers which in turn has increased revenue. This is a very welcon* factor as again like 50 many other busines*s BARRK has experience¢J a huge jump In fuel costs and also veterinary costs. BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS TRUSTEES. ANNUAL REPORT {¢on¢In¥￿1 Y•ar ond•d 30 S•pt•rnb•r 2024 FINANCIAL REVIEW Poll¢le8 on r￿•￿1•8 The Trustees have resolved lo establish reserves to kyovide for future xtivits'es, and the Trustees have wide powers of Investment. thin those FKJWWS, a pdicy has been delerrnined that Ihe existing assets be retained to produce inctsrne which is wholly ulilised tcj supwI existin9 aclivilies. The Intenbon in the imrnedi8le future is lo restore Ihe balance of the ¢apil•l held in order to prexrve the Income necessary lo maintsin Ihe activities ol the charity. ReseNes held are Considered onty sufficBnt to cover a reasonable peri)d ol eKp¢ndilure. should further Incon* fail lo rnalerialise and are hel¢J In an interest bearing bank account. Investment policies have yel lo be ¢on$idergJ, as the charity has mantain8d a healthy bank baLance. PLANS FOR FUTURE PERIODS The charity is committed lo ensurirvJ that kennèl costs arè elc8ely m￿ltored as this is one element of major expenditure lor the charity Veterinary costs are also a large drain on the charivs resources and the charily has introduced the use of buying pel drugs on line for those dogs that are In long terrn fDsler and require Continuous medication and for those do9$ that ¢ome with a Pfe•exisling medical condition that the charity has ¢ommitt¢d 10 lund the charity ani¢ipa*s that uiis will result In a Q￿rease in veterlnary ¢osis. The Iru¥leeJ' annual report was approved on ITlI=ten= and signed on behalf of the board of BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS Year ended 30 Septernber 2024 I report to the trustees on my exarnination of th8 financial staleThnts of Banff 8 Aberdeenshi Rescue & Rehoming Kennels I'lhe charity'l for the year ended 30 Septèmber 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity you are responsible for the preF8ration of the financial stslements in accordance with the re¢uirernenls of the Charities and Trustee Investment IScc)tlandl Act 2005 Ilhe .2005 Ael'l and the Charities A￿Ounts (Scotlandl Regu.attins 2006 las amended). You are satisfied that your charity is not required by chanty law to be audited an¢ have chosen instead lo have an independeni examinaiion. I report in respeGI of my examination of the charity'5 financaal statements as carried out under sectK)n 4411llcl ol the 2005 A¢t. In Carrying out my examinab.on I have followed the requirements ol Regulation 11 of tha Charities Accounts IScolland} Regulat￿￿$ 20C6 las amended}. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I ¢c￿[IrM that no rrotters have come to my attentitsn giving me cause to believe that in any material respect.. accounting records were not kept as requtred by section 4411llal of the 2005 Act and Regulation 4 of the Charrfiie3 Accounts {Scotlandl Regulations 2006 la3 amended): or Ihe financial state￿ntS do not accord wrth those records". or the fina￿181 slalernents do ncl o)mply with the accounting requirements of Regulation 8 of Ihe Charities Accounts (Scollandl Regulations 2006 {as amended). I have no concerns and have o)me aeross no othe¥ mallers in connection with Ihe examinatDn to which attention should be drawn in ihE repon in order lo enable a proper undersranding of the 3CCJL..'I:s Ic be 'ea- ed Independent Exam ner BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS STATEMENT OF FINANCIAL ACTIVITIES Year ended 30 September 2024 2024 Unreslricled funds Total fund• Total funds 2023 Note Incorne and endovnnents Oonalions and legacies Charitable activities Other trading activities Other income 27,647 17,025 55,927 27.647 17,025 55.927 32.582 13,410 47.170 28 Total Incom• 100,599 100.599 93,190 Exp•ndlture Expenditure on charitable activities Total eX￿ndItUr• 98.329 98.329 105.732 98,329 98,329 105,732 N•t Incom•lloxyndlturel and n•t mov•rn•n¢ In fund• 2,270 2,270 112.5421 Reconclllatlon of lund¥ Total funds brought forward Total fund• carrled forward 15.720 15,720 17,990 28,262 17.990 15,720 The statement of financial activities includes all gains and losses recognised in the year. All income an¢J expenditure derive from continuing aclivitse$. Th? notes on p•gM 8 to 13 forni part of the￿ fin•￿1•1 •tst•m•nts. BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS STATEIJIEKf OF FINANCIAL POSITION 30 September 2024 2024 2023 Nots Flxed a¥sets Tangible fixed assets 13 6,230 7,138 Current aMot• Debtors Cash al benk and in hand 14 9,547 7,Q04 5.599 15.813 16,$51 21.412 Credltor8: arnounts ialllng due wlthin one year Not currnTrt as¥•ts 15 4,791 11.76 12,830 8.582 Total assfjt• l•M ¢urr•nt Ilablllti 17,99Q 15,720 Nat •889ts 17,990 15720 Fund• ollh• ¢harlty Unre$lri¢led funds 17,990 15.720 Total charlty fund• 16 17,990 15720 These financial statements were appr¢￿ed by tho board ol truste￿ and 4uthofis•d for S$•u• on 13.lTrol.a . and are signed on behalf ofthe board by I rusiee Th• n¢t•• on pag•8 8 to 13 forni part of th••• financial 3t•t•m?nts. BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS NOTES TO THE FINANCIAL STATEMENTS Y•ar ended 30 September 2024 GENERAL INFORMATION The charity is a public benefit entity and a registered charity in S￿lIand and 1$ unin¢orporated. The address of the principal office 1$ 43 L¢)w Street. Banff, Aberdeenshire. AB45 1AU. STATEMENT OF COMPLIANCE These financial slalements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ifeland IFRS 1021 Icharilies SORP IFRS 10211 and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scollandl Regulations 2006 las amended). ACCOUNTING POLICIES Bas18 of prnpar•tlon The financial statements have been prepared on Ihe hislorical cost basis, as modifiod by tho revaluation of certain financial assets and liabilit￿S and investment properties measured al fair value through Income or expenditure. The financial statements are prepared in sterling, which is the fvnclional currency of the entity. Golng conc•rn There a￿ no material uncertainties about the charity's ability to continue. Fund •¢¢ountlng Unrestricted funds are available lor use at the discretion of the trustees lo fvrther any of the charity's purpo$e$. Designated fvnds are unrestricted lund5 eaffliarked by the Iruslees ft)r particular future project or commitment. Reslricled funds are subjected lo reslri¢tions on Ihoir expenditure declared by the donor or through the terms of an appeal. and fall Into one of subd are analysed as follows.. 2024 2023 Wages and salaries 23.170 20,671 The average head covnt of employees during the year was 1 {2023.. 11. No employee ￿e1Ved employee benefits of more than £60.000 during the year12023.' Nill. 12. TRUSTEE REMUNERATION AND EXPENSES The trijstees did not receive any remuneration and were not reimbursed for any expenses. 11 BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS NOTES TO THE FINANCIAL STA TEMENTS I￿￿1{￿￿*￿) Year ended 30 September 2024 13. TANGIBLE FIXED ASSETS FiXtu￿S and fith'ngs Motor vehicles Equipment Totsl Co8t At 1 October 2023 and 30 September 2024 Dopr•clatlon Al 1 October 2023 Charge lor the year At 30 Septemb•r 2024 Carrylng amount At 30 September 2024 At 30 September 2023 2.628 23.821 4.027 30,476 21,501 580 1,837 328 23,338 908 22.081 2.165 24,246 2,628 1.740 1.862 6,230 7,138 2,628 2.320 2,190 14. DEBTORS 2024 2023 Trade debtor5 Prepayments and a¢¢rued in¢omo 5,599 436 9,547 5.599 15. CREDITORS: •mount• falllng duo wlthln on• y•*r 2024 2023 Trade Creditors Accruals and defvrred income 4,141 650 12,180 650 4,791 12,830 16. ANALYSIS OF CHARITABLE FUNDS UnrMtrlct•d fundi Al 1 Octob8r 20 23 At 30 Septemb or 2024 In¢off* Expenditure General funds 15.720 100.599 {98.3291 17.990 Al 1 October 20 22 At 30 Septembe r 2023 Income Expenditure General funds 28.262 93.190 {105.7321 15.720 12 BANFF & ABERDEENSHIRE RESCUE & REHOMING KENNELS NOTES TO THE FINANCIAL STATEMENTS f¢¢)ntlnu•dJ Year ended 30 September 2024 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS unrestn.cted Total Fund8 Funds 2024 Tangible fixed assets Current assets Creditor5 less than 1 year Not assets 6.230 16.551 13,2251 19.556 6,230 16,551 13,2251 19,556 unreStr￿ted Total Funds Fund5 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 7,138 21.412 112,8301 15.720 7,138 21,412 112.830} 15,720 13