REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 October 2023 |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 October 2023 |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Contents of the Financial Statements |
for the Year Ended 31 October 2023 |
Page |
Report of the Trustees | 1 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 |
Notes to the Financial Statements | 8 |
The Society for the Protection and |
Re-Homing of Animals Ltd (Registered number: 04081660) |
Report of the Trustees |
for the Year Ended 31 October 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 October 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
The principal activity of the company in the year under review was to support charities registered with the Charity Commission which have similar objectives and values with regard to permanently re-homing and maintaining the health of all animals seeking assistance. The company no longer takes in animals for re-homing but maintains its support and advice activities. |
The Charity maintains a website for information regarding changes to charities being supported at the time, including information and charity number of the supported charity. |
Significant activities |
The principal funding source is the sale of donated goods in the charity's shops. Donated electrical items are PAT tested in-house prior to sale. |
By using registered recycling agents and having conscientious staff and volunteers, we have decreased our waste to landfill by approximately 95%. |
Public benefit |
The trustees of the charity have complied with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission. |
The charity has continued to operate two shops in Minehead and Tiverton, with goods donated by the local community. The trustees still feel it is so important not to encumber local traders through the benefits the charity receives from local council business rate discounts. |
Following the above the charity has increased its donations to a new charity, Porthleven Harbour Hedgies Rescue, a new charity giving care, health support and re-homing of hedgehogs. |
Donated animal feed and bedding has continued to be donated to re-homing centres and pet owners in financial difficulties. |
Our help and guidance to dog owners has extended to dogs rescued from abroad that have survived difficult living conditions and are now living in our local area. We have continued to help dogs rescued and owned locally. |
Our method of donating funds to other charities continued to be successful over this period and the trustees are looking forward to supporting further charities in the future. |
The charity has maintained staffing levels and increased volunteer levels for this period. The trustees have kept improved levels of protection for staff and volunteers in both shops. We have also continued with our Covid-19 protection screens which are appreciated by our highly valued and dedicated volunteers, staff and customers. |
The trustees have also made a commitment to encourage new trustees to join the charity. Our website is being upgraded to encourage and explain the commitment required. |
The trustees would like to sincerely thank all donors, volunteers and members of the communities for their continued support throughout this period. |
The Society for the Protection and |
Re-Homing of Animals Ltd (Registered number: 04081660) |
Report of the Trustees |
for the Year Ended 31 October 2023 |
ACHIEVEMENT AND PERFORMANCE |
The results for the year and financial position of the company are as shown in the annexed financial statements. |
The trustees are satisfied the charity continues to meet its objectives. Regular newsletters and information regarding the charity and its activities can be found on the charities website: www.spra-uk.org. |
During the year 99% of the income was derived from sales of donated household goods in the shops which have been generously donated by members of the general public. The charities position on trading new items has been maintained, only donated items being sold. The trustees are grateful to the public for the donated goods and the volunteers who have given their precious time for free to make it possible. |
During the year the charity donated £9,800 to similar animal charities (2022 - £3,600). |
Donations in the year decreased from £182 in 2022 to £124 in 2023. The trustees are very grateful to the donees. |
FINANCIAL REVIEW |
Reserves policy |
The net resources expended for the year amounted to £4,416 (2022 - £1,411), all of which was attributable to general reserves, which now stands at £15,496. |
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. |
Organisational structure |
The trustees meet four times per year when major decisions concerning the charity are made including changes to the charities operational direction and procedural changes, donations to other charities and commitment to expenditure other than the normal operational expenses. |
The day to day running of the charity is delegated by the trustees to Mr S Ford. The Minehead shop is run wholly by the volunteers with daily guidance of the trustee, Mrs D Darell, with the assistance of Mr S Ford. |
Risk management |
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
The Society for the Protection and |
Re-Homing of Animals Ltd (Registered number: 04081660) |
Report of the Trustees |
for the Year Ended 31 October 2023 |
Trustees |
Appointment of Trustees |
All new trustees are appointed, inducted and trained by the existing trustees. |
Company Secretary |
Independent Examiner |
R T Marke & Co Ltd |
Chartered Accountants |
69 High Street |
Bideford |
Devon |
EX39 2AT |
Bankers |
National Westminster Bank plc |
41 High Street |
Barnstaple |
Devon |
EX31 1DA |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Independent examiner's report to the trustees of The Society for the Protection and Re-Homing of Animals Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 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 |
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. |
David Sims BSc FCA |
R T Marke & Co Ltd |
Chartered Accountants |
69 High Street |
Bideford |
Devon |
EX39 2AT |
12 March 2024 |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Statement of Financial Activities |
(Incorporating an Income and Expenditure Account) |
for the Year Ended 31 October 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Charitable activities | 4 |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 19,912 |
CONTINUING OPERATIONS |
All income and expenditure has arisen from continuing activities. |
The Society for the Protection and |
Re-Homing of Animals Ltd (Registered number: 04081660) |
Balance Sheet |
31 October 2023 |
2023 | 2022 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 10 |
CURRENT ASSETS |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 13 | ( |
) |
NET ASSETS |
FUNDS | 15 |
Unrestricted funds | 19,912 |
TOTAL FUNDS | 19,912 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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. |
The Society for the Protection and |
Re-Homing of Animals Ltd (Registered number: 04081660) |
Balance Sheet - continued |
31 October 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 |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements |
for the Year Ended 31 October 2023 |
1. | STATUTORY INFORMATION |
The Society for the Protection and Re-Homing of Animals Ltd is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Report of the Trustees. |
The presentation currency of the financial statements is the Pound Sterling (£). |
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. |
The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts. |
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. |
Grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate. |
Grants of a revenue nature are credited to the profit and loss account in the same period as the related expenditure. |
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. |
Support costs |
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating staff costs by the time spent and other costs by their usage. |
Governance costs |
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter. |
Plant and machinery | - |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Hire purchase and leasing commitments |
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have been passed to the charity, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balances sheet. The interest element of the rental obligation is charged to the statement of financial activities over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. |
Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments are included within creditors. Finance charges are allocated to accounting periods over the length of the contract. |
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. |
Going concern |
Having regard to the charity's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the trustees consider that it is appropriate to prepare the financial statements on the going concern basis. |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
3. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations and collection boxes |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Shop sales | General | 75,249 | 74,484 |
Income from recycling non saleable items |
General |
648 |
1,143 |
5. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
Depreciation - assets on hire purchase contracts and finance leases |
Independent Examiner's fees | 1,650 | 1,500 |
6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 October 2023 nor for the year ended 31 October 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 October 2023 nor for the year ended 31 October 2022. |
7. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Charitable activities |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
8. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 19,912 |
9. | TAXATION |
The charity is exempt from corporation tax on its charitable activities. No liability to corporation tax arose in the charity for the year ended 31 October 2023 nor for the year ended 31 October 2022. |
10. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Motor | Computer |
machinery | fittings | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 November 2022 and 31 October 2023 |
DEPRECIATION |
At 1 November 2022 |
Charge for year |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 October 2022 |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
VAT |
Prepayments and accrued income |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Finance leases (see note 14) |
Social security and other taxes |
VAT | 562 | - |
Other creditors |
Accrued expenses |
13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Finance leases (see note 14) |
14. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Finance leases |
2023 | 2022 |
£ | £ |
Net obligations repayable: |
Within one year | - | 3,212 |
Between one and five years | - | 5,578 |
- | 8,790 |
Non-cancellable | operating leases |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
15. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
1.11.22 | in funds | 31.10.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 19,912 | (4,416 | ) | 15,496 |
TOTAL FUNDS | 19,912 | (4,416 | ) | 15,496 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 76,021 | (80,437 | ) | (4,416 | ) |
TOTAL FUNDS | ( |
) | (4,416 | ) |
Comparatives for movement in funds |
Net |
At | movement | At |
1.11.21 | in funds | 31.10.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 21,323 | (1,411 | ) | 19,912 |
TOTAL FUNDS | 21,323 | (1,411 | ) | 19,912 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 75,809 | (77,220 | ) | (1,411 | ) |
TOTAL FUNDS | 75,809 | (77,220 | ) | (1,411 | ) |
General funds are donations and other incoming resources receivable or generated for the objects of the charity without further specific purpose and which the charity may use for its purpose at its discretion. |
The Society for the Protection and |
Re-Homing of Animals Ltd |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2023 |
16. | RELATED PARTY DISCLOSURES |
17. | MEMBERS' LIABILITY |
The charity is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. |