| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ANIMAL RESCUE FOUNDATION LIMITED |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| ANIMAL RESCUE FOUNDATION LIMITED |
| ANIMAL RESCUE FOUNDATION LIMITED |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| Page |
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 12 |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 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 30 September 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). |
| The Trustees of Animal Rescue Foundation Ltd present their annual report for financial year ending 30th September 2024, together with the accounts for the year. We confirm that everything complies with all relevant codes of practice and reporting. |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| Animal Rescue's primary aim is to support the many small and underfunded animal charities in England Wales Scotland and N. Ireland. |
| We do not support animal charities importing animals from other countries. |
| We do not support charities which ( in our opinion ) further political or life style agendas to the detriment of the animals in their care. |
| We do not support charities that have failed ( for whatever reason) to register with the charities commission and/or have not obtained HMRC acknowledgement for gift aid. |
| We do however support 'baby' charities with advice and seed payments as a 1 off emergency grant to start the processes required. |
| In normal circumstances we prefer to help with a project that can be easily identifiable for future audit purposes. |
| Overview of Activities |
| The charity have received more in the way of bequests in the last year thanks partly to the television campaign and also through mailing. Also more grants to other charities have been awarded as there are more animal charities in need due to a combination of factors. |
| Running the charity is becoming increasingly tough with inflation, cost of living, the knock on from covid and the current uncertain economic situation. |
| Educational Awareness |
| We look favourably on rescue/rehoming charities that, in part, teach the basics of animal care to a wider audience, especially children. |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FINANCIAL REVIEW |
| Principal funding sources |
| Total income for the year |
| Total income including bequests £377,941 |
| Bequests/gifts £285,974 |
| Donations £91,967 |
| Expenditure |
| The nominal rent (including electricity) for premises remains the same. |
| Insurance premiums have increased marginally. |
| Expenses for admin and handling phone enquiries etc have increased. |
| There was more expenditure on direct mailing as the television campaign was not as successful as anticipated. |
| Grant Making Policy |
| The objectives paragraph above sums up our criteria for making grants. |
| The trustees only approve each application, which is supported by our questionnaire when they are satisfied that it meets this criteria. |
| Funds of the Animal Rescue Foundation Ltd |
| We consider it prudent in normal times to keep reserves of 1 years expenditure, at any one time. |
| We do not invest money apart from reserves held in NatWest deposit account. |
| Going concern |
| The trustees have taken a robust review of the charity, and consider it to be in financial good health. |
| FUTURE PLANS |
| The cost of living crisis and the increased uncertainty in political adventures carries forward into peoples willingness to help via donations. Our mailings must always promote animal welfare. We have a a stable and conscientious donor base, which helps tremendously. We anticipate no change in the coming year. |
| 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. |
| Charity constitution |
| Animal rescue Foundation Ltd is registered as a charity with the charity commission number 1127707. |
| The foundation was established in 2007 as a charitable company limited by guarantee. The constitution has remained the same since inception. |
| The foundation has no trading entities or associated businesses connected to it. |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Risk management |
| The trustees and management review risk management every few months. |
| The main areas of concern are |
| Grant criteria. we have tightened up grant criteria. Each recipient must be a registered charity and registered for gift aid. A no kill ethos must be promoted at all times. |
| Location. We only help animals resident in the UK. |
| Prolonged impact of Covid. Covid has proved that we must have an extra disaster fund of at least £50,000 at all times. |
| Disaster recovery and cyber security. Our main database is a stand alone device with no connection to external devices. Our ad agency control our web site and they have adequate controls to alleviate any attacks. Any adverse publicity due to similar named unregistered charities now seems to be on the decline but we keep a wary eye open all the time. |
| Remuneration |
| Apart from expenses and time incurred running the charity no person derives financial benefit from the charity. |
| Safeguarding |
| We do not work with children or vulnerable adults. |
| Data Protection |
| We review all legislation and changes within the GDPR framework. We are registered with the ICO and FPS. |
| Fundraising |
| Our main source of funds emanates from direct mail. This is all controlled from our head office. We do not employ professional fundraisers. We only mail 4 times per year. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| All the trustees are aware of the Charity Commission publication: "The essential trustee, what you need to know" |
| The trustees have delegated authority to the founder for day to day management of the organisation. |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Company Secretary |
| Independent Examiner |
| Cole & Co |
| 4 The Sheepcote |
| Monks Orchard |
| Lumber Lane, Lugwardine |
| Hereford |
| Herefordshire |
| HR1 4AG |
| Approved by order of the board of trustees on |
| INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
| ANIMAL RESCUE FOUNDATION LIMITED |
| Independent examiner's report to the trustees of Animal Rescue Foundation Limited ('the Company') |
| I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024. |
| 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 Association of Chartered Certified Accountants, 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. |
| Michael Cole |
| Cole & Co |
| 4 The Sheepcote |
| Monks Orchard |
| Lumber Lane, Lugwardine |
| Hereford |
| Herefordshire |
| HR1 4AG |
| Date: ............................................. |
| ANIMAL RESCUE FOUNDATION LIMITED |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 499,975 |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| BALANCE SHEET |
| 30 SEPTEMBER 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 8 |
| Unrestricted funds | 499,975 |
| TOTAL FUNDS | 499,975 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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. |
| ANIMAL RESCUE FOUNDATION LIMITED (REGISTERED NUMBER: 06361356) |
| BALANCE SHEET - continued |
| 30 SEPTEMBER 2024 |
| 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 |
| ANIMAL RESCUE FOUNDATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 1. | 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. |
| Fixtures and fittings | - |
| 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. |
| ANIMAL RESCUE FOUNDATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 2. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 2024 | 2023 |
| £ | £ |
| Depreciation - owned assets |
| 3. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| TRUSTEES' EXPENSES |
| There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 499,975 |
| ANIMAL RESCUE FOUNDATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 and 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans (see note 7) |
| Trade creditors |
| Other creditors |
| 7. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year on demand: |
| Other loans | 69 | - |
| 8. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.10.23 | in funds | 30.9.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 499,975 | 107,206 | 607,181 |
| TOTAL FUNDS | 107,206 | 607,181 |
| ANIMAL RESCUE FOUNDATION LIMITED |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| 8. | MOVEMENT IN FUNDS - continued |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 377,941 | (270,735 | ) | 107,206 |
| TOTAL FUNDS | ( |
) | 107,206 |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.10.22 | in funds | 30.9.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 582,627 | (82,652 | ) | 499,975 |
| TOTAL FUNDS | 582,627 | (82,652 | ) | 499,975 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 208,612 | (291,264 | ) | (82,652 | ) |
| TOTAL FUNDS | 208,612 | (291,264 | ) | (82,652 | ) |
| 9. | RELATED PARTY DISCLOSURES |