REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
EDEN ANIMAL RESCUE |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
for |
EDEN ANIMAL RESCUE |
EDEN ANIMAL RESCUE |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Statement of Financial Position | 6 | to | 7 |
Statement of Cash Flows | 8 |
Notes to the Statement of Cash Flows | 9 |
Notes to the Financial Statements | 10 | to | 18 |
EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 102) (effective 1 January 2019). |
Eden Animal Rescue has been caring for animals since 1995. |
As well as welfare needs and behavioural work, we also pay veterinary bills for annual vaccinations, neutering, any treatment required and micro-chipping for the dogs and cats. While an animal is with us we provide care, companionship and understanding and do all we can to find it a good home. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The charity objectives are set out in the Memorandum of Association dated 8th November 2006. |
1 | To prevent cruelty to animals and relieve the suffering and distress of all animals in need of care and attention. |
2 | To help neglected or unwanted animals, to arrange for the provision of good homes for them. |
3 | To ensure that the animal is released to an approved home only, to maintain an interest in its welfare and to take the animal back into the care of the Charity if the owner is unable to care for it in a proper manner. |
4 | To ensure that such animals are not euthanised other than on the recommendation and advice of a veterinary surgeon. |
Significant activities |
To achieve our objectives, we operate our Rescue Centre at Moorlands Head Farm. We believe all animals deserve a chance at finding a home so the charity continues to accept feral cats and dogs with behavioural issues. Many charities will not accept these animals and much time is devoted to our more challenging residents to give them the best chance possible. We remain very proud of our policy in not euthanising animals except after the advice and recommendation of a veterinary surgeon. |
Public benefit |
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
In 2022-23 we re-homed 89 cats, 134 kittens under 6 months, 59 dogs and puppies and 17 small furries like rabbits, guinea pigs and ferrets. But at the same time we took in 114 cats and 104 kittens under 6 months, 62 dogs and 12 small furries. They came from diverse backgrounds and with an equally wide range of behaviours and problems to which we had to respond. We continued to make use of Frame, Swift and Partners as our vets and were able to work closely with them to ensure the animals who came to us received the best of care. |
FINANCIAL REVIEW |
Financial position |
The Charity's financial position at the end of the financial period remains sound. |
Reserves policy |
Our reserve policy was reviewed by the Board of trustees and remained at £300,000. The Reserve Fund's purpose is to ensure the Charity can function for up to one year in an emergency or crisis. This policy was introduced after the Foot & Mouth outbreak in Cumbria. Income essentially dried up at that time and the Charity only just survived. |
Trustees will continue to review the reserve policy amount on an annual basis. |
EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
FUTURE PLANS |
The Trustees have been able to start the work on the kennel project. New regulations on drainage meant the charity had to satisfy the Environment Agency about the impact on the surrounding area before work could even start. By the middle of November 2022 they able to submit a formal Planning Application to Eden District Council. Sadly this has been delayed by objections on the grounds of noise nuisance and caused extra expense in employing specialists to deal with this. However, despite making some adjustments to the original proposals, some six months they are still awaiting a decisions. |
The trustees are working on reviewing the administrative procedures of the Charity. |
The Trustees are keen to widen the support of the Charity through increasing membership, volunteering and attracting more people to think about becoming Trustees. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
A revised set of governing documents are to be submitted to the 2023 AGM to reflect developments since 2006 including provision for dealing with governance in the event of any future lockdowns and the increasing use of e-mail. |
The Trustees are elected each year at the AGM by the members and the charity is administered and managed by them. |
The Trustees meet regularly and are responsible for managing such areas as finance, staffing, risk management and development of the charity. Responsibility for the day to day operation of the rescue centre is delegated to the General Manager with the support of trustees. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
John Andrew FCA |
John Andrew Chartered Accountants |
17-19 Market Street |
KIRKBY STEPHEN |
Cumbria |
CA17 4QS |
EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159) |
Report of the Trustees |
for the Year Ended 31 March 2023 |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Eden Animal Rescue |
Independent examiner's report to the trustees of Eden Animal Rescue ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
John Andrew FCA |
The Institute of Chartered Accountants in England and Wales |
John Andrew Chartered Accountants |
17-19 Market Street |
KIRKBY STEPHEN |
Cumbria |
CA17 4QS |
13 July 2023 |
EDEN ANIMAL RESCUE |
Statement of Financial Activities |
for the Year Ended 31 March 2023 |
31/3/23 | 31/3/22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Charitable activities | 6 |
Other trading activities | 4 |
Investment income | 5 |
Total |
EXPENDITURE ON |
Raising funds | 7 |
Charitable activities | 8 |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,581,318 |
EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159) |
Statement of Financial Position |
31 March 2023 |
31/3/23 | 31/3/22 |
Unrestricted | Restricted | Total | Total |
funds | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 14 |
CURRENT ASSETS |
Debtors | 15 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 16 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 17 |
Unrestricted funds | 1,581,318 |
Restricted funds | - |
TOTAL FUNDS | 1,581,318 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
EDEN ANIMAL RESCUE (REGISTERED NUMBER: 05735159) |
Statement of Financial Position - continued |
31 March 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
EDEN ANIMAL RESCUE |
Statement of Cash Flows |
for the Year Ended 31 March 2023 |
31/3/23 | 31/3/22 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 834,673 | 65,400 |
Net cash provided by operating activities | 834,673 | 65,400 |
Cash flows from investing activities |
Purchase of tangible fixed assets | (46,639 | ) | (59,794 | ) |
Interest received | 3,677 | 2,113 |
Net cash used in investing activities | (42,962 | ) | (57,681 | ) |
Change in cash and cash equivalents in the reporting period |
791,711 |
7,719 |
Cash and cash equivalents at the beginning of the reporting period |
593,833 |
586,114 |
Cash and cash equivalents at the end of the reporting period |
1,385,544 |
593,833 |
EDEN ANIMAL RESCUE |
Notes to the Statement of Cash Flows |
for the Year Ended 31 March 2023 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
31/3/23 | 31/3/22 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
817,294 |
39,385 |
Adjustments for: |
Depreciation charges | 34,124 | 36,769 |
Interest received | (3,677 | ) | (2,113 | ) |
Increase in debtors | (9,183 | ) | (8,602 | ) |
Decrease in creditors | (3,885 | ) | (39 | ) |
Net cash provided by operations | 834,673 | 65,400 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1/4/22 | Cash flow | At 31/3/23 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 593,833 | 791,711 | 1,385,544 |
593,833 | 791,711 | 1,385,544 |
Total | 593,833 | 791,711 | 1,385,544 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | AUDIT EXEMPTION |
During 2023 the charity received a single donation of £750,000 this took the gross income over the audit limited. An audit exemption was applied for and granted by the Charities Commission |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Short leasehold | - |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
3. | DONATIONS AND LEGACIES |
31/3/23 | 31/3/22 |
£ | £ |
Donations |
Gift aid |
Legacies |
Grants |
Membership subscriptions |
Bag packs | 251 | - |
Jenny Whitfield cards | 6,333 | 3,087 |
Collecting boxes | 8,903 | 4,536 |
Funeral collections | 13,010 | 7,845 |
Grants received, included in the above, are as follows: |
31/3/23 | 31/3/22 |
£ | £ |
Various Incoming unrestricted grants | 7,039 | 4,667 |
4. | OTHER TRADING ACTIVITIES |
31/3/23 | 31/3/22 |
£ | £ |
Fundraising events |
Shop income |
Sponsorships | 7,475 | 1,115 |
Social lotteries | 5,353 | 4,365 |
Commissions received | 325 | 161 |
Insurance for loss of earnings | - | 25,000 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
5. | INVESTMENT INCOME |
31/3/23 | 31/3/22 |
£ | £ |
Rents received |
Deposit account interest |
6. | INCOME FROM CHARITABLE ACTIVITIES |
31/3/23 | 31/3/22 |
Activity | £ | £ |
Animal fees - dogs | Promoting & Providing Animal Welfare | 10,720 | 7,150 |
Animal fees - cats | Promoting & Providing Animal Welfare | 9,102 | 12,550 |
Animal fees - kittens | Promoting & Providing Animal Welfare | 7,325 | 6,260 |
Animal fees - other | Promoting & Providing Animal Welfare | 445 | 110 |
Merchandise | Promoting & Providing Animal Welfare | 1,197 | 2,628 |
Donated Goods | Promoting & Providing Animal Welfare | - | 26 |
7. | RAISING FUNDS |
Raising donations and legacies |
31/3/23 | 31/3/22 |
£ | £ |
Support costs |
8. | CHARITABLE ACTIVITIES COSTS |
Support |
Direct | costs (see |
Costs | note 9) | Totals |
£ | £ | £ |
Promoting & Providing Animal Welfare | 194,749 | 111,355 | 306,104 |
Charity Shop Penrith | - | 29,370 | 29,370 |
194,749 | 140,725 | 335,474 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
9. | SUPPORT COSTS |
Governance |
Management | Finance | Shop | costs | Totals |
£ | £ | £ | £ | £ |
Raising donations and legacies |
17,556 |
- |
- |
- |
17,556 |
Promoting & Providing Animal Welfare |
104,350 |
1,540 |
- |
5,465 |
111,355 |
Charity Shop Penrith | - | - | 28,862 | 508 | 29,370 |
121,906 | 1,540 | 28,862 | 5,973 | 158,281 |
Activity | Basis of allocation |
Management | Time spent by staff and directors |
Finance | Time spent by staff and directors |
Shop | Direct attributable shop expenses |
Governance costs | Fees attributable to relevant activity |
10. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31/3/23 | 31/3/22 |
£ | £ |
Depreciation - owned assets |
Hire of plant and machinery | 4,874 | 4,294 |
Other operating leases | 16,234 | 20,664 |
11. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. |
The trustees undertake administrative duties in their own time. They are not reimbursed for their time or costs. |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
12. | STAFF COSTS |
31/3/23 | 31/3/22 |
£ | £ |
Wages and salaries |
Other pension costs |
151,969 | 116,379 |
The average monthly number of employees during the year was as follows: |
31/3/23 | 31/3/22 |
Employees |
13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward | 1,541,933 | - |
TOTAL FUNDS CARRIED FORWARD | 1,581,318 | - | 1,581,318 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
14. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | Short | to | Plant and |
property | leasehold | property | machinery |
£ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Trade debtors |
VAT |
Prepayments |
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/23 | 31/3/22 |
£ | £ |
Trade creditors |
Other creditors |
Accruals and deferred income |
17. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,281,318 | 810,044 | 2,091,362 |
Trustees Reserve | 300,000 | - | 300,000 |
810,044 |
Restricted funds |
Fund relating to Restricted Grants | - | 7,250 | 7,250 |
TOTAL FUNDS | 817,294 | 2,398,612 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,160,999 | (350,955 | ) | 810,044 |
Restricted funds |
Fund relating to Restricted Grants | 9,325 | (2,075 | ) | 7,250 |
TOTAL FUNDS | ( |
) | 817,294 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
17. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/22 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,241,933 | 39,385 | 1,281,318 |
Trustees Reserve | 300,000 | - | 300,000 |
1,541,933 | 39,385 | 1,581,318 |
TOTAL FUNDS | 1,541,933 | 39,385 | 1,581,318 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 330,938 | (291,553 | ) | 39,385 |
TOTAL FUNDS | 330,938 | (291,553 | ) | 39,385 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/4/21 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 1,241,933 | 849,429 | 2,091,362 |
Trustees Reserve | 300,000 | - | 300,000 |
1,541,933 | 849,429 | 2,391,362 |
Restricted funds |
Fund relating to Restricted Grants | - | 7,250 | 7,250 |
TOTAL FUNDS | 1,541,933 | 856,679 | 2,398,612 |
EDEN ANIMAL RESCUE |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
17. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,491,937 | (642,508 | ) | 849,429 |
Restricted funds |
Fund relating to Restricted Grants | 9,325 | (2,075 | ) | 7,250 |
TOTAL FUNDS | 1,501,262 | (644,583 | ) | 856,679 |
Designated Funds |
Following the financial risks highlighted by the Covid-19 pandemic the trustees increased the Trustees Reserve to £300,000, to provide a safeguard against sustained loss of donations income and/or unforeseen major items of expenditure. |
18. | RELATED PARTY DISCLOSURES |