REGISTERED COMPANY NUMBER: 03835294 (England and Wales)

REGISTERED CHARITY NUMBER: 1082679

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ANIMAL CARE IN EGYPT LIMITED

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Statement of Financial Position

5

to

6

Notes to the Financial Statements

7

to

11

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 31st December 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

Objectives and aims

The principal area of benefit is Southern Egypt and the charitable objectives are:

1) To relieve the suffering and distress of animals who are sick and in need of care and protection by reason of sickness or maltreatment in particular but not exclusively by the provision of horse and donkey centres in Egypt.

2) To educate members of the public especially children on matters concerning animal welfare whilst working closely with the local authorities.

Significant activities

The activities of the charity include the provision of extensive veterinary hospitalisation with in-patient and out-patient facilities for both equine and domestic animals which includes 24 hour emergency treatment for all animals. Significant emphasis is based on education for all those that visit the centre.

ACHIEVEMENT AND PERFORMANCE

Our year started with volunteers cancelling due to the continued Arab/ Israeli problem in the north despite our feeling very safe here in Luxor.

Once again the Egyptian pound was devalued causing soaring price rises.

We are pleased that the local people are finding our FREE Neutering program more and more attractive.

We were able to train 24 Egyptian students in the spring.

Later in the year we were very happy to see the return of TUI and EasyJet to Luxor bringing many tourists and ACE supporters who have not been able to afford to come for the last 14 years.

Continued thanks to BEVA and Rossdales and the Intrepid Foundation for their support as we are their chosen charity in Egypt.

At the beginning of the year we were sad to announce the passing of Julie Wartenberg our Co Founder her legacy to continue to support our education program is much appreciated.

FINANCIAL REVIEW

The net movement in funds for the year was a decrease of £47,048, compared to a decrease of £105,315 for the previous year.

The Trustees regularly monitor and review the level of reserves. The Trustees consider a level of reserves equivalent to a minimum of six months unrestricted expenditure (adopted in accordance with Charity Commission guidelines), to be reasonable given the nature and scale of the charity's activities.

The Trustees have reviewed the major risks to which the charity is exposed and are confident that controls are in place to mitigate those risks.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Animal Care in Egypt - ACE is a Charity with clear objectives and a high profile within Egypt since opening in July 2000. On a day to day basis the ACE Centre & Hospital continues to be managed by Ms Kim Taylor, who was involved in the initial concept and has managed the centre since it opened. The Trustee board has every confidence in Kim, and consults closely with her in major decisions and directions in which the Charity takes or needs to address. The Trustee's role is to ensure we are working within our financial constraints.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03835294 (England and Wales)

Registered Charity number

1082679

Registered office

10 Stretham Road

Wicken

Ely

Cambridgeshire

CB7 5XH

Trustees

Ms K Taylor General Manager

Mrs T M Coffey Treasurer

R U Riseley

Ms A J Amos Trustee

Company Secretary

Independent Examiner

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

Approved by order of the board of trustees on 18th August 2025 and signed on its behalf by:

Ms K Taylor - Trustee

Independent examiner's report to the trustees of Animal Care In Egypt Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 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

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.

Jennifer Hoult

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

18th August 2025

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

217,873

145,761

Investment income

2

1,674

575

Other income

75

-

Total

219,622

146,336

EXPENDITURE ON

Raising funds

13,380

5,979

Charitable activities

Veterinary hospital

253,290

245,672

Total

266,670

251,651

NET INCOME/(EXPENDITURE)

(47,048

)

(105,315

)

RECONCILIATION OF FUNDS

Total funds brought forward

462,197

567,512

TOTAL FUNDS CARRIED FORWARD

415,149

462,197

2024

2023

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

6

264,609

271,252

CURRENT ASSETS

Debtors

7

11,218

10,654

Cash at bank

141,123

182,091

152,341

192,745

CREDITORS

Amounts falling due within one year

8

(1,801

)

(1,800

)

NET CURRENT ASSETS

150,540

190,945

TOTAL ASSETS LESS CURRENT LIABILITIES

415,149

462,197

NET ASSETS

415,149

462,197

FUNDS

9

Unrestricted funds

415,149

462,197

TOTAL FUNDS

415,149

462,197

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 18th August 2025 and were signed on its behalf by:

K Taylor - Trustee

T M Coffey - Trustee

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.

Equipment

25% on reducing balance

Buildings

2% straight line

A de minimus level of £250 has been set by the Charity for the capitalisation of assets.

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.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

Financial instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

2.	INVESTMENT INCOME

2024

2023

£

£

Deposit account interest

1,674

575

3.	NET INCOME/(EXPENDITURE)

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

2024

2023

£

£

Depreciation - owned assets

7,433

7,592

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2024 nor for the year ended 31st December 2023.

Trustees' expenses

2024

2023

£

£

Trustees' expenses

1,200

2,400

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

145,761

Investment income

575

Total

146,336

EXPENDITURE ON

Raising funds

5,979

Charitable activities

Veterinary hospital

245,672

Total

251,651

NET INCOME/(EXPENDITURE)

(105,315

)

RECONCILIATION OF FUNDS

Total funds brought forward

567,512

TOTAL FUNDS CARRIED FORWARD

462,197

6.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1st January 2024

308,785

44,241

353,026

Additions

-

790

790

At 31st December 2024

308,785

45,031

353,816

DEPRECIATION

At 1st January 2024

41,801

39,973

81,774

Charge for year

6,169

1,264

7,433

At 31st December 2024

47,970

41,237

89,207

NET BOOK VALUE

At 31st December 2024

260,815

3,794

264,609

At 31st December 2023

266,984

4,268

271,252

The land in Egypt is not owned by Animal Care in Egypt Limited but held in Trust for their use. A nominal rent for the land is charged in the accounts amounting to £533 (2023 - £775)

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

11,218

10,654

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1

-

Accrued expenses

1,800

1,800

1,801

1,800

9.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

462,197

(47,048

)

415,149

TOTAL FUNDS

462,197

(47,048

)

415,149

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

219,622

(266,670

)

(47,048

)

TOTAL FUNDS

219,622

(266,670

)

(47,048

)

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

£

£

Unrestricted funds

General fund

567,512

(105,315

)

462,197

TOTAL FUNDS

567,512

(105,315

)

462,197

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

146,336

(251,651

)

(105,315

)

TOTAL FUNDS

146,336

(251,651

)

(105,315

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

£

£

Unrestricted funds

General fund

567,512

(152,363

)

415,149

TOTAL FUNDS

567,512

(152,363

)

415,149

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

365,958

(518,321

)

(152,363

)

TOTAL FUNDS

365,958

(518,321

)

(152,363

)

10.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2024.