IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.3.23 29.2.24 29.2.24 FY Medium entities Audited These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Medium-sized companies regime for accounts Full Charities SORP true true true true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2274502023-02-28SC2274502024-02-29SC2274502023-03-012024-02-29SC2274502022-02-28SC2274502022-03-012023-02-28SC2274502023-02-28SC227450ns0:CharitableCompanyLimitedByGuarantee2023-03-012024-02-29SC227450ns15:PoundSterling2023-03-012024-02-29SC227450ns11:MediumEntities2023-03-012024-02-29SC227450ns11:Audited2023-03-012024-02-29SC227450ns11:Medium-sizedCompaniesRegimeForDirectorsReport2023-03-012024-02-29SC227450ns11:Medium-sizedCompaniesRegimeForAccounts2023-03-012024-02-29SC227450ns11:FullAccounts2023-03-012024-02-29SC227450ns11:CharitiesSORP2023-03-012024-02-29SC227450ns0:Trustee22023-03-012024-02-29SC227450ns0:Trustee12023-03-012024-02-29SC227450ns0:Trustee32023-03-012024-02-29SC227450ns0:Trustee42023-03-012024-02-29SC227450ns0:Trustee52023-03-012024-02-29SC227450ns0:Trustee62023-03-012024-02-29SC227450ns11:RegisteredOffice2023-03-012024-02-29SC227450ns0:Activity82023-03-012024-02-29SC227450ns0:Activity82022-03-012023-02-28SC227450ns10:WithinOneYear2024-02-29SC227450ns10:WithinOneYear2023-02-28SC227450ns0:TotalUnrestrictedFunds2024-02-29SC22745022023-03-012024-02-29SC22745032023-03-012024-02-29SC22745012023-03-012024-02-29SC22745012023-03-012024-02-29SC22745012022-03-012023-02-28SC227450ns10:OwnedAssets2023-03-012024-02-29SC227450ns10:OwnedAssets2022-03-012023-02-28SC227450ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-02-28SC227450ns10:FurnitureFittings2023-02-28SC227450ns10:MotorVehicles2023-02-28SC227450ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-03-012024-02-29SC227450ns10:FurnitureFittings2023-03-012024-02-29SC227450ns10:MotorVehicles2023-03-012024-02-29SC227450ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-02-29SC227450ns10:FurnitureFittings2024-02-29SC227450ns10:MotorVehicles2024-02-29SC227450ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-02-28SC227450ns10:FurnitureFittings2023-02-28SC227450ns10:MotorVehicles2023-02-28SC227450ns10:ListedExchangeTradedns10:CostValuation2023-02-28SC227450ns10:ListedExchangeTradedns10:AdditionsToInvestments2024-02-29SC227450ns10:DisposalsRepaymentsInvestmentsns10:ListedExchangeTraded2024-02-29SC227450ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2024-02-29SC227450ns10:ListedExchangeTradedns10:CostValuation2024-02-29SC227450ns0:TotalUnrestrictedFunds2023-02-28SC227450ns0:TotalUnrestrictedFunds2023-03-012024-02-29
REGISTERED COMPANY NUMBER: SC227450 (Scotland)
REGISTERED CHARITY NUMBER: SC012708














Report of the Trustees and

Financial Statements for the Year Ended 29 February 2024

for

Mrs Murray's Home for Stray Dogs and
Cats
(A Company Limited by Guarantee)

Mrs Murray's Home for Stray Dogs and
Cats






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 4

Report of the Independent Auditors 5 to 8

Statement of Financial Activities 9

Statement of Financial Position 10

Statement of Cash Flows 11

Notes to the Statement of Cash Flows 12

Notes to the Financial Statements 13 to 21

Mrs Murray's Home for Stray Dogs and
Cats

Reference and Administrative Details
for the Year Ended 29 February 2024



TRUSTEES D A Armstrong
C A Pike
N W Reid
A J Grant
M P Preston (resigned 23.11.23)
H L Miskelly


COMPANY SECRETARY Ledingham Chalmers LLP


REGISTERED OFFICE Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA


PRINCIPAL ADDRESS East Brickfield
Seaton Place East
Aberdeen
AB24 1XL


REGISTERED COMPANY
NUMBER
SC227450 (Scotland)


REGISTERED CHARITY
NUMBER
SC012708


AUDITORS The Grant Considine Partnership
Statutory Auditors & Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR


SOLICITORS Ledingham Chalmers LLP
Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA


INVESTMENT MANAGER Rathbones Investment Management Limited
Port of Liverpool Building
Pier Head
Liverpool L3 1NW

Mrs Murray's Home for Stray Dogs and
Cats (Registered number: SC227450)

Report of the Trustees
for the Year Ended 29 February 2024


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 29 February 2024. 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
Principal activities
The principal activities of the company are to provide a temporary home for lost dogs and cats and to restore to their present owners dogs and cats which have been lost and brought to the Home and, failing this, to find if possible new and suitable homes for them.

Achievements and performance
The Home provided care and boarding to 348 Cats (2023 - 379) and 1719 Dogs (2023 - 1,461) during the year. This amounts to an increase of 12.3%. The number of stray animals handled by the Home was 17 Cats (2023 - 16) and 70 Dogs (2023 - 60). This amounts to a decrease of 14.4%. Homes were found for 102 Cats (2023 - 73) and 159 Dogs (2023 - 153). This amounts to an increase of 15.4%. The number of animals re-homed was 114 Cats (2023 -85 ) and 186 Dogs (2023- 176). This amounts to an increase of 14.9%.

STRATEGIC REPORT
Review of the year
The attached financial statements show that the charity generated net expenditure of £192,193 (2023 - net expenditure of £147,172). During the year the company received donations totalling £69,150 as well as 10 legacies totalling £54,677.

Investment policy
The directors consider that the most appropriate policy for investing surplus funds is within interest bearing bank accounts for short term purposes and in shares and government stocks for long term purposes. The management of the investments is delegated to Rathbones on Discretionary Management Terms. The investment objective undertaken by Rathbones is a balance between capital growth and income with a medium risk profile which includes exposure to large overseas listing companies and a proportion of medium sized and smaller UK companies.

Reserves policy
The investments are held for the long term but the charity aims for the cash on deposit to approximate to over six months operating expenditure, and this ensures that the Home will be able to continue its current activities even if there is a drop in legacies received, or if there is a slump in the stock market. The unrestricted funds were £5,491,850, at 29 February 2024 (2023 - £5,684,043).

Future plans
In the last year the work on the new building was completed and the Directors and Staff are delighted with the new facilities. There is scope to utilise the new building to increase the income for the Home and get a return on the investment. There are also plans for upgrading the kennels in future years.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is a charitable company limited by guarantee, incorporated on 29 January 2002 and is recognised by the HM Revenue & Customs as a charity. The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association. There are currently 11 members, each of whom agree to contribute an amount not exceeding £1 in the event of the company being wound up.


Mrs Murray's Home for Stray Dogs and
Cats (Registered number: SC227450)

Report of the Trustees
for the Year Ended 29 February 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association, the members of the Board of Directors are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

Potential directors are identified through their association with the company or by recommendation.

None of the directors have any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.

Organisational structure
The company has a board of directors, currently consisting of 6 members, who meet four times a year and are responsible for the strategic direction and policy of the company. The day to day financial management of the company is carried out by Messrs Ledingham and Chalmers LLP the company secretaries, who report to the Board.

Directors induction and training
All existing directors are advised of their duties and responsibilities under charity law by Ledingham Chalmers LLP and are encouraged to visit the Home and observe the Charity in action on a regular basis.

Key management personnel
The directors ensure the charity is run effectively through its management structure. The Home manager is responsible for the operational management of the charity.

Risk management
The directors, along with senior management, have identified the major risks to which the charity is exposed. These are regularly reviewed, and systems established to mitigate those risks.

Apart from income received from re-housing and boarding, and investment income, which is insufficient to meet resources expended, the Home is totally dependent upon donations, fundraising and legacies. While this, in theory, places the provision of services at rick, due to the large amount of funds built up over the years it is not anticipated that there is any risk to services provided for the foreseeable future.

Charitable activities and animal boarding have increased as a result of the mellowing of the coronavirus pandemic. The directors are mindful of the cost of living crisis and the impact this may have on charitable income. However it is deemed that the charity has sufficient reserves to allow them to continue in operation.

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Mrs Murray's Home for Stray Dogs and Cats for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.


Mrs Murray's Home for Stray Dogs and
Cats (Registered number: SC227450)

Report of the Trustees
for the Year Ended 29 February 2024


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 28 November 2024 and signed on the board's behalf by:





C A Pike - Trustee

Report of the Independent Auditors to the Trustees and Members of
Mrs Murray's Home for Stray Dogs and
Cats

Opinion
We have audited the financial statements of Mrs Murray's Home for Stray Dogs and Cats (the 'charitable company') for the year ended 29 February 2024 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 29 February 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial 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 significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Trustees and Members of
Mrs Murray's Home for Stray Dogs and
Cats


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
- adequate and proper accounting 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 disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Trustees and Members of
Mrs Murray's Home for Stray Dogs and
Cats


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained information from:
o Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
o Reviewing minutes of meetings of those charged with governance;
o Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
o Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
o Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

All audit engagement team members were alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Because of inherent limitations of an audit, there is unavoidable risk that some material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISA's (UK). The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non -compliance with laws and regulations to enquiry of the trustees other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Trustees and Members of
Mrs Murray's Home for Stray Dogs and
Cats


Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Gillian R Nicolson (Senior Statutory Auditor)
for and on behalf of The Grant Considine Partnership
Statutory Auditors & Chartered Accountants
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
46 High Street
Banchory
Aberdeenshire
AB31 5SR

28 November 2024

Mrs Murray's Home for Stray Dogs and
Cats

Statement of Financial Activities
for the Year Ended 29 February 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4 133,605 385,086

Charitable activities 6
Charitable Activities 249,395 212,957

Investment income 5 138,105 148,729
Total 521,105 746,772

EXPENDITURE ON
Raising funds
Investment management costs 7 26,447 27,615
26,447 27,615

Charitable activities 8
Charitable Activities 700,411 615,863

Other 12,150 18,750
Total 739,008 662,228

Net gains/(losses) on investments 25,710 (231,716 )

NET INCOME/(EXPENDITURE) (192,193 ) (147,172 )


RECONCILIATION OF FUNDS
Total funds brought forward 5,684,043 5,831,215

TOTAL FUNDS CARRIED FORWARD 5,491,850 5,684,043

CONTINUING OPERATIONS
The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

Mrs Murray's Home for Stray Dogs and
Cats (Registered number: SC227450)

Statement of Financial Position
29 February 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 14 1,605,151 1,578,360
Investments 15 3,790,351 3,722,487
5,395,502 5,300,847

CURRENT ASSETS
Debtors 16 77,453 80,978
Investments 17 24,413 28,013
Cash at bank and in hand 102,652 317,269
204,518 426,260

CREDITORS
Amounts falling due within one year 18 (108,170 ) (43,064 )

NET CURRENT ASSETS 96,348 383,196

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,491,850

5,684,043

NET ASSETS 5,491,850 5,684,043
FUNDS 19
Unrestricted funds 5,491,850 5,684,043
TOTAL FUNDS 5,491,850 5,684,043


The financial statements were approved by the Board of Trustees and authorised for issue on 28 November 2024 and were signed on its behalf by:





C A Pike - Trustee

Mrs Murray's Home for Stray Dogs and
Cats

Statement of Cash Flows
for the Year Ended 29 February 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 (242,403 ) (219,293 )
Net cash used in operating activities (242,403 ) (219,293 )

Cash flows from investing activities
Purchase of tangible fixed assets (71,765 ) (426,371 )
Purchase of fixed asset investments (443,374 ) (304,705 )
Sale of fixed asset investments 401,220 798,741
Interest received 12 -
Investment income received 138,093 148,729
Investment cash account 3,600 191,124
Net cash provided by investing activities 27,786 407,518

Change in cash and cash equivalents in
the reporting period

(214,617

)

188,225
Cash and cash equivalents at the
beginning of the reporting period

317,269

129,044
Cash and cash equivalents at the end of
the reporting period

102,652

317,269

Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Statement of Cash Flows
for the Year Ended 29 February 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024 2023
£    £   
Net expenditure for the reporting period (as per the Statement of
Financial Activities)

(192,193

)

(147,172

)
Adjustments for:
Depreciation charges 44,974 27,097
Interest received (12 ) -
Loss/(gain) on disposal of investments 22,653 10,342
Fair Value (gains)/losses on investments (48,363 ) 221,374
Investment income recognised in SoFA (138,093 ) (148,729 )
Decrease in debtors 3,525 36,583
Increase/(decrease) in creditors 65,106 (218,788 )
Net cash used in operations (242,403 ) (219,293 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.23 Cash flow At 29.2.24
£    £    £   
Net cash
Cash at bank and in hand 317,269 (214,617 ) 102,652
317,269 (214,617 ) 102,652

Liquid resources
Deposits included in cash - - -
Current asset investments 28,013 (3,600 ) 24,413
28,013 (3,600 ) 24,413
Total 345,282 (218,217 ) 127,065

Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. CHARITY INFORMATION

Mrs Murray's Home for Stray Dogs and Cats is a private company limited by guarantee incorporated in Scotland. The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.

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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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 £.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised when the performance conditions are met. Where a grant does not specify performance conditions is is recognised in income when proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

Cost of raising funds comprise the costs associated with the management of the investment on behalf of the charity.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Tangible fixed assets
Tangible fixed asserts are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Freehold land and buildings2% straight line
Fixtures and fittings25% straight line
Motor vehicles25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any)

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.

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.

Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.


Going concern
At the time of approving the financial statements, the directors have assessed the charity's prospects and viability by means of a budget and forecast review. Based on this assessment the Directors have formed a judgment, at the time of approving the financial statements, that there are no material uncertainties that cast doubt on the charity's going concern status and that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for at least twelve months from the date of approval of the financial statements. The Directors therefore consider it appropriate to adopt the going concern basis of accounting in preparing its financial statements.

Fixed asset investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, are are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.




Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 within borrowings in current liabilities.

Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities 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 realise the asset and settle the liability simultaneously.

Basic 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 future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classed 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 derecognised when the charity's contractual obligations expire or are discharged or cancelled.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying 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 revision affects both current and future periods.

Key source of estimation uncertainty
The estimates and assumptions which have significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:



Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
- continued


Property valuation
Property is held at deemed cost and is depreciated on a straight line basis

Investment valuation
Directors estimate the investment value based on the expert reports provided by their portfolio managers.

Useful economic life of tangible fixed assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

4. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 69,150 63,864
Legacies 54,677 311,525
Donated services and facilities 9,778 9,697
133,605 385,086

5. INVESTMENT INCOME
2024 2023
£    £   
Income from listed investments 138,093 148,729
Deposit account interest 12 -
138,105 148,729

6. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Animals sold Charitable Activities 57,031 31,581
Finding homes Charitable Activities 1,916 1,798
Claimed animals Charitable Activities 859 403
Boarding animals Charitable Activities 185,522 173,920
Microchips Charitable Activities - 559
Calendars sold Charitable Activities 706 551
Other income Charitable Activities 3,361 4,145
249,395 212,957


Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. INVESTMENT MANAGEMENT COSTS
2024 2023
£    £   
Portfolio management 26,447 27,615

8. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 9) Totals
£    £    £   
Charitable Activities 632,684 67,727 700,411

9. SUPPORT COSTS
Governance
Other costs Totals
£    £    £   
Other resources expended - 12,150 12,150
Charitable Activities 67,727 - 67,727
67,727 12,150 79,877

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Auditors' remuneration 7,000 18,750
Auditors' remuneration for non audit work 5,150 -
Depreciation - owned assets 44,974 27,097

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023.



Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. STAFF COSTS
2024 2023
£    £   
Wages and salaries 350,954 284,110
Social security costs 18,070 24,756
Other pension costs 10,950 7,066
379,974 315,932

The average monthly number of employees during the year was as follows:

2024 2023
Number of staff 17 15

No employees received emoluments in excess of £60,000.

The directors ensure the charity is run effectively through its management structure. The Home manager is responsible for the operational management of the charity. The total remuneration paid to key management personnel was £50,394 (2023 - £57,741).

13. NET GAINS/(LOSSES) ON INVESTMENTS

General Funds General Funds
2024 2023
£    £   

Revaluation of investments 48,363 (221,374 )
Gain/(loss) on sale of investments (22,653 ) (10,342 )
25,710 (231,716 )

14. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 1,954,110 26,339 12,735 1,993,184
Additions 71,631 134 - 71,765
At 29 February 2024 2,025,741 26,473 12,735 2,064,949
DEPRECIATION
At 1 March 2023 394,125 9,446 11,253 414,824
Charge for year 39,722 4,881 371 44,974
At 29 February 2024 433,847 14,327 11,624 459,798
NET BOOK VALUE
At 29 February 2024 1,591,894 12,146 1,111 1,605,151
At 28 February 2023 1,559,985 16,893 1,482 1,578,360

Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

15. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 March 2023 3,722,487
Additions 443,374
Disposals (423,873 )
Revaluations 48,363
At 29 February 2024 3,790,351
NET BOOK VALUE
At 29 February 2024 3,790,351
At 28 February 2023 3,722,487

There were no investment assets outside the UK.

Cost or valuation at 29 February 2024 is represented by:

Listed
investments
£   
Valuation in 2024 1,129,154
Cost 2,661,197
3,790,351

The historical cost of listed investment is £2,661,197 (2023 - £2,644,341)

The investments are not subject to the limitations of the Trustee Investments Act

The following investment represents more than 5% of the market value of the portfolio of listed investments.

%
Findlay Park Plc American Fund Unhgd (USD) 6.36

Financial Assets Held at Fair Value

All investments are held at stock market valuation. Valuations are prepared by Rathbones Investment Management.

The Charity holds investment in stocks, bonds and equities with a view to long term appreciation in value. The UK market has suffered an overall downturn in recent years however post year end the investments have held their market value as at 29th February 2024.


Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,915 4,677
Other debtors 28,595 35,113
VAT 28,943 31,188
Accrued income 11,000 10,000
77,453 80,978

17. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Portfolio Investment Account 24,413 28,013

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 50,842 3,266
Social security and other taxes 5,244 4,841
Other creditors 6,931 5,377
Accrued expenses 45,153 29,580
108,170 43,064

19. MOVEMENT IN FUNDS
Net
movement At
At 1.3.23 in funds 29.2.24
£    £    £   
Unrestricted funds
General fund 4,605,898 (243,201 ) 4,362,697
Revaluation Reserve 1,078,145 51,008 1,129,153
5,684,043 (192,193 ) 5,491,850
TOTAL FUNDS 5,684,043 (192,193 ) 5,491,850

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 521,105 (739,008 ) (25,298 ) (243,201 )
Revaluation Reserve - - 51,008 51,008
521,105 (739,008 ) 25,710 (192,193 )
TOTAL FUNDS 521,105 (739,008 ) 25,710 (192,193 )


Mrs Murray's Home for Stray Dogs and
Cats

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.3.22 in funds 28.2.23
£    £    £   
Unrestricted funds
General fund 4,443,328 162,570 4,605,898
Revaluation Reserve 1,387,887 (309,742 ) 1,078,145
5,831,215 (147,172 ) 5,684,043
TOTAL FUNDS 5,831,215 (147,172 ) 5,684,043

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 746,772 (662,228 ) 78,026 162,570
Revaluation Reserve - - (309,742 ) (309,742 )
746,772 (662,228 ) (231,716 ) (147,172 )
TOTAL FUNDS 746,772 (662,228 ) (231,716 ) (147,172 )

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to the profit or loss in respect of defined contribution schemes was £10,950 (2023 - £7,066).

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 29 February 2024.