Charity registration number NIC106779
Company registration number NI645182
MID ANTRIM ANIMAL SANCTUARY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
MID ANTRIM ANIMAL SANCTUARY
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J Elizabeth Moore
(Appointed 8 September 2025)
R Bowman Bayles
(Appointed 8 September 2025)
Z Duncan
(Appointed 8 September 2025)
V Heffron
(Appointed 8 September 2025)
S Kennedy
(Appointed 8 September 2025)
L Ros McNeice
(Appointed 8 September 2025)
M Elizabeth McNickle
(Appointed 8 September 2025)
A Moore
(Appointed 8 September 2025)
Secretaries
J Moore (Appointed 20 October 2025)
Charity number
NIC106779
Company number
NI645182
Principal address
60 Greystone Road
Antrim
BT41 2QN
Auditor
Corrigan CA Limited
24 Greystone Road
Antrim
N Ireland
BT41 2QN
Bankers
Danske Bank
42 High Street
Antrim
BT41 4AN
Solicitors
Mccauley Ritchie Solicitors
89 Holywood Road
Belfast
BT4 3RD
MID ANTRIM ANIMAL SANCTUARY
CONTENTS
Page
Trustees' report
1 - 9
Statement of trustees' responsibilities
10
Independent auditor's report
11 - 13
Statement of financial activities
14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17 - 28
MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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).

Charitable Objectives

Vision | “To work to enhance the Sanctuary's reputation as an excellent example in it's field. To work to ensure all dogs and cats have the best opportunities to be rehomed in forever homes. To work towards a point where at some time in the future no pet animal is unwanted, mistreated, neglected, homeless or needlessly euthanised.”
Mission | “Mid Antrim Animal Sanctuary is fully committed to providing care, shelter and enrichment to, and to alleviate the suffering of unwanted, abandoned or vulnerable dogs and cats and to rehome them if possible or otherwise offer them a caring home for life. We also aim to educate the public on the welfare of companion animals.”

Public Benefit Statement

We rescue and rehome stray, neglected, unwanted, surrendered and abandoned adult and juvenile cats and dogs. This includes strays and animals from council pounds as well as animals who have been surrendered by their owners due to unfortunate circumstances beyond their control, such as ill health, bereavement, homelessness, imprisonment or change of tenancy contracts. This group of animals is usually reluctantly surrendered to the Sanctuary by their owners. By our actions we can reduce some of their stress by knowing that their pet will be cared for and find a new suitable home. We reduce the number of animals who may otherwise have been admitted to Council pounds or other welfare facilities and the number of pets that may have been otherwise unnecessarily euthanized. This reduces costs for Local Authorities which are passed on to the rate payers. We give advice and guidance on issues such as neutering and spaying and regular vaccinating of pets as well as other aspect of responsible ownership to all members of the public who adopt animals from us. We provide work experience and volunteering opportunities at the Sanctuary and our shops. This will help to develop animal care and welfare skills and also improve communication and team building and hopefully improve employment chances. Our shops sell donated good quality second hand clothing and other household items at reasonable prices to members of the public. This benefits the local economy.

None of our actions give rise to any harm to members of the general public. There are no private benefits to the Trustees.

What your organisation does

Mid Antrim Animal Sanctuary was established as a not for profit organisation.

We raise funds and accept donations to carry out our work.

The cats and dogs, pups and kittens we rescue will be cared for, rehabilitated and rehomed and adopted into suitable and responsible homes to spend the rest of their lives in comfort and safety. Those animals that are not able to be adopted will remain at the Sanctuary and be cared for, for the rest of their lives.

The Charity’s classification

The advancement of animal welfare.

The advancement of education.

Who the charity helps

The general public.

How the Charity works

Animal welfare and advice.

Volunteering and work experience opportunities.

MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

members who sponsor kennels and individual dogs. For people who are unable to adopt because of social or practical reasons this can be a satisfying commitment and we value their financial contribution.

On adoption of any animal we request that if the owners are no longer able to care for their pet, it will be returned to us. This situation can be caused by bereavement, imprisonment, unexpected allergies, changes in tenancy agreement (this has become more common recently) or illness and disability. We make no charge for this service.

The day to day care of the animals is provided by 14 full and part time staff and a group of dedicated volunteers (including agency staff). As well as walking the dogs in the local area they use our modern enrichment centre for the dogs. This facility was opened in 2022 and includes a meet and greet area, a dedicated puppy unit, a living room area, and exercise area for the dogs as well as a scent garden for the cats. Volunteers also assist the staff in the cattery and in general activities in the Sanctuary.

Outreach and fund raising

This year we have had over 3500 visitors to the Sanctuary. These comprised members of the general public, corporate business groups, volunteers as well as young people for work experience. There have been a number of outreach events. This provides an opportunity to both give and receive. We give information and guidance about responsible ownership, pet care and animal welfare as well as offering a chance to become practically involved in work at the Sanctuary.

We value the support of our members, the local community and businesses who provide services and funding.

We were invited to host fun pet shows at fairs in Antrim Castle Gardens, Randalstown and Ballyclare. We include categories such as prettiest female, handsomest male, waggiest tail, the pet most like their owner and fancy dress. Every animal will receive an award as well as a packet of poo bags. A good time is usually had by all.

We have had one of our fearless volunteers abseil down the Europa Hotel!! These events help raise awareness of our Charity, the work that we do and funds that are needed to help support this.

In October we hosted a group of young people from the Duke of Edinburgh Bursary Scheme to explain how we could enrich the lives of the animals in the Sanctuary. We hosted a number of corporate volunteer days for local and Belfast based businesses. We were very grateful for their help around the Sanctuary. We had a huge donation of 11 baths full of pet supplies from a local branch of a large bathroom supply company.

At present we have two shops based in Antrim and Larne. They make a large contribution to the funds needed to run the Sanctuary. The shops sell good quality preloved (second-hand) clothing, shoes, bedding and various household items at reasonable prices to the public. This in turn makes a contribution to the local economy as well as to the Sanctuary. We support our local businesses such as our vet, the petrol stations and local shops.

MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

Financial Review

The Trustees confirm a deficit of net income over expenditure of £8,497. For the financial year, income was £635,964 (2023/4: £740,955), a decrease of £104,991. This decrease is in the main attributable to donations and legacies..

Total expenditure for the year was £644,461 (2023/4: £546,731 an increase of £97,730. This increase was due to an increase in sanctuary expenditure and running costs.

Cash reserves (approximately 6 months projected spend.) of £410,000 were maintained as a minimum baseline in the accounts during the financial year.

Given ongoing uncertainty within global financial markets the Trustees continued with a pragmatic approach to investments during the financial year. Liquidity and maintaining cash reserves were considered of greater importance in times of austerity, The Board approved a decision to place £200,000 in fixed term interest bearing accounts to ensure funds are obtaining a return, and were readily available should they be needed.

The worth of the organisation is £1,945,859 at the end of the financial year.

The main income streams for MAAS during the year were charity shops sales, £218,678; and legacies, £227,494 (the two streams providing £446,172 of the total income). Shop income increased from the previous year by an amount of £34,427.

Thankfully legacy income was received, which helped mitigate against the challenges in our retail environment. Higher than anticipated, the large legacy amount was received with thanks by MAAS. Legacy income, although unable to fully plan for, is used to supplement the organisation’s reserve account which in turn funds the development project and allows for cash reserves. The legacy strategy continues with effective, but compassionate, promotional information, engagement within memory donations and connection to local solicitors. Membership of the Will to Give group continues with a committee position held within the organisation to further promote gifts in wills.

General donations are seeing a continued decrease in returns, when compared to previous years. The context of the cost-of-living crisis, inflationary increases, and a lack of confidence in surplus personal cash are factors contributing to this in the financial year. This trend affects almost all charities and may continue. The Trustees will continue to monitor and find ways to mitigate and diversify income generation and find opportunities within current challenges; as outlined in our new strategic plan.

The Trustees humbly highlight their gratitude to our supporters whose generosity ensures we meet our organisational aims and objectives and public benefit. Our supporters allow us to be an organisation that can progress, plan for the future, and financially thrive.

Elements of expenditure, such as staffing costs, rent and heat and light all increased in the financial year and is reflective of trends in the external environment.

External economic factors necessitated an uplift in salaries, however investment in staff as the organisation’s best asset is recognised by the Trustees. The main building at MAAS is over ten years old and due to this will require regular maintenance moving forwards.

While general running costs increased to some degree it was the continued uplift in gas and electric process that had the most impact both at the Sanctuary and the charity shops. A total of £38,062 was incurred which is accepted as a reflection of the global market at the time, however cost saving measures were implemented in other operational areas to reduce overall expenditures.

During the financial year £20,007 was incurred on the new build development – which was fully funded through prior years donations. Depreciation to the value of £62,260 was allowed for in the reporting period.

MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -

The organisation registered for VAT effective from 1 April 2022, comparative figures for the previous years are inclusive of VAT. Irrecoverable VAT is included in the cost of the items reported in the financial statements.

MAAS has weathered the covid pandemic and a period of national austerity over the past few years. However, based on UK Government communications financial uncertainty will continue with another ‘difficult period’ expected beyond the financial reporting year. The Trustees are mindful of the challenges presented by these developments in the economic environment. The Trustees will adopt a robust and sustainable management plan ensuring alignment with financial forecasts while meeting organisational aims and objectives.

We anticipate the need for our rehoming services and care for animals, as well as more challenging animals coming into our care, will not decrease and will continue to increase. This will result in ongoing assessments to ensure income generation meets these growing needs. It is acknowledged that we are continuing into another difficult and challenging environment and the need for financial management and, longer-term strategic development, will be at the forefront of the Trustees focus.

Risk Management

The Trustees have responsibility for oversight of risk control within the organisation. Along with management they review risks on a regular basis. Risks were addressed during each Board meeting, and actions taken to mitigate or control these.

Plans for Future Periods

We are waiting for the impending appointment of our new CEO. We will be increasing our contact with the general public and our members by returning to production of our newsletter twice a year. We will be increasing the days we are open for visitors. This will increase access to the animals in the Sanctuary and hopefully increase adoptions.

Structure, governance and management

Charity Overview:

Mid Antrim Animal Sanctuary was incorporated in April 2017 as a company limited by guarantee under the Companies Act 2006. It is a registered charity with the Charity Commission for Northern Ireland (Registration Number: NIC106779) and is recognised as a charity by HMRC (Charity Reference: NI01705). The principal office is located at Hurtletoot House, 60 Greystone Road, Antrim, BT41 2QN.

Governing Document:

As a Company Limited by Guarantee (Company Number: NI645182), Mid Antrim Animal Sanctuary is governed by its Memorandum and Articles of Association, which empower the charity to take any actions that further its charitable objectives or are conducive to achieving them.

Charity’s Structure:

In accordance with charity law, the charity is governed by Trustees also serve, in a voluntary capacity, as the company’s directors. The Board of Trustees consists of a minimum of three and a maximum of ten members, elected for a four-year term with a maximum service period of eight years.

The Board of Trustees of Mid Antrim Animal Sanctuary consists of dedicated individuals who oversee the organisation's governance and strategic direction. Elected by the Sanctuary’s Members, their primary role is to ensure the sanctuary operates within its mission and complies with legal and regulatory requirements while providing financial oversight to build long-term stability.

The Trustees provide strategic leadership, ensuring the Sanctuary’s continued growth and sustainability. Day-to-day operations are delegated to the Centre Manager and staff, who are supported by a dedicated team of volunteers. Trustees serve on a voluntary basis, with no remuneration received during the year. Staff salaries are reviewed annually, taking into account various factors.

As a company limited by guarantee, the organisation does not have share capital. Members’ liability is limited to a maximum of £1 each, covering any contributions required to address the company’s net assets or liabilities upon winding up. The organisation is a voluntary subscriber to the Fundraising Regulator.

MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Trustees
Patricia Ball
Appointed 24 November 2021, Resigned 11 November 2024
Ian Dodds
Appointed 24 November 2021, Resigned 8 December 2024
Stephen Kennedy
Appointed 24 October 2018, Resigned 22 April 2025
Freda Waite
Appointed 23 October 2019, Resigned 15 August 2025
Robin Bates
Appointed 20 December 2022, Resigned 19 November 2024
Danielle Hollinger
Appointed 20 December 2022, Resigned 10 January 2025
Bill Atkinson
Appointed 1 May 2023, Resigned 11 November 2024
Helen Kerr
Appointed 9 June 2023, Resigned 15 August 2025
Gillian Stirling
Appointed 10 July 2023, Resigned 5 December 2024
Andrew Godden
Appointed 24 April 2024, Resigned 8 September 2025
Andy Godden
Appointed 17 February 2025, Resigned 8 September 2025
Joanne Elizabeth Moore
Appointed 8 September 2025
Ruth Bowman Bayles
Appointed 8 September 2025
Zara Duncan
Appointed 8 September 2025
Vincent Heffron
Appointed 8 September 2025
Stephen Kennedy
Appointed 8 September 2025
Lynsay Ross McNeice
Appointed 8 September 2025
Margaret Elizabeth McNickle
Appointed 8 September 2025
Angus Moore
Appointed 8 September 2025

There were 12 meetings of the Trustees in the reporting period all meetings with a hybrid format.

Appointment of Trustees:

The Chairperson and Trustees are responsible for the recruitment and selection of new Trustees as needed. Trustees are chosen based on the relevance of their professional skills and their ability to contribute meaningfully to the governance of the charity.

As part of the recruitment process, new Trustees are fully briefed on their legal obligations under charity and company law, the contents of the Memorandum and Articles of Association, the Board’s decision-making processes, the charity’s financial performance, and other key policies and relevant information.

MID ANTRIM ANIMAL SANCTUARY
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Auditor

In accordance with the company's articles, a resolution proposing that Corrigan CA Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The trustees' r eport was approved by the Board of Trustees.

S Kennedy
Trustee
28 January 2026
MID ANTRIM ANIMAL SANCTUARY
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -

The trustees, who are also the directors of Mid Antrim Animal Sanctuary for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

MID ANTRIM ANIMAL SANCTUARY
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY
- 11 -

Opinion

We have audited the financial statements of Mid Antrim Animal Sanctuary (the ‘charity’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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 charity’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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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 our audit:

-

the information given in the trustees' r eport for the financial year for which the financial statements are prepared, which includes the d irectors' r eport prepared for the purposes of company law, is consistent with the financial statements; and

-

the d irectors' r eport included within the trustees' r eport has been prepared in accordance with applicable legal requirements.

MID ANTRIM ANIMAL SANCTUARY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY
- 12 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the d irectors' r eport included within the trustees' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act (Northern Ireland) 2008 requires us to report to you if, in our opinion:

-

adequate 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; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the s tatement of trustees' r esponsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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 charity’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.

Auditor's 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 an auditor's report 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.

As part of our audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than one resulting from error, as fraud may involve collusion, forgery, intentional omissions , misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.

MID ANTRIM ANIMAL SANCTUARY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF MID ANTRIM ANIMAL SANCTUARY
- 13 -

Use of our report

This report is made solely to the company’s members, as a body, in accordance with section 65 of the C harities Act (Northern Ireland) 2008.. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's 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 company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Mr Aidan Corrigan (Senior Statutory Auditor)
for and on behalf of Corrigan CA Limited
28 January 2026
Chartered Accountants
Statutory Auditor
24 Greystone Road
Antrim
N Ireland
BT41 2QN
MID ANTRIM ANIMAL SANCTUARY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
346,713
-
346,713
465,394
-
465,394
Other trading activities
4
286,307
-
286,307
266,689
-
266,689
Investments
5
2,944
-
2,944
-
-
-
Other income
6
-
-
-
8,872
-
8,872
Total income
635,964
-
635,964
740,955
-
740,955
Expenditure on:
Raising funds
7
451
-
451
2,695
-
2,695
Charitable activities
8
643,130
880
644,010
544,036
-
544,036
Total expenditure
643,581
880
644,461
546,731
-
546,731
Net income/(expenditure) and movement in funds
(7,617)
(880)
(8,497)
194,224
-
194,224
Reconciliation of funds:
Fund balances at 1 April 2024
1,903,629
50,727
1,954,356
1,709,405
50,727
1,760,132
Fund balances at 31 March 2025
1,896,012
49,847
1,945,859
1,903,629
50,727
1,954,356

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

MID ANTRIM ANIMAL SANCTUARY
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 15 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
14
1,116,884
1,154,939
Current assets
Stocks
15
3,286
2,370
Debtors
16
20,208
27,004
Cash at bank and in hand
832,347
797,631
855,841
827,005
Creditors: amounts falling due within one year
18
(26,866)
(27,588)
Net current assets
828,975
799,417
Total assets less current liabilities
1,945,859
1,954,356
Income funds
Restricted funds
19
49,847
50,727
Unrestricted funds
1,896,012
1,903,629
1,945,859
1,954,356

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31st March 2025, although an audit has been carried out under section 65(2) of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. No members have required the company to obtain an audit of its accounts for the year in accordance with section 476 of the Companies Act.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the Trustees on 28 January 2026
J Elizabeth Moore
S Kennedy
Trustee
Trustee
Company registration number NI645182
MID ANTRIM ANIMAL SANCTUARY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
24
55,944
256,801
Investing activities
Purchase of tangible fixed assets
(24,205)
(388,465)
Investment income received
2,944
-
Net cash used in investing activities
(21,261)
(388,465)
Net cash used in financing activities
-
-
Net increase/(decrease) in cash and cash equivalents
34,683
(131,664)
Cash and cash equivalents at beginning of year
797,619
929,283
Cash and cash equivalents at end of year
832,302
797,619
Relating to:
Cash at bank and in hand
832,347
797,631
Bank overdrafts included in creditors payable within one year
(45)
(12)
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
1
Accounting policies
Charity information

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 60 Greystone Road, Antrim, BT41 2QN.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, as modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 18 -
1.4
Income

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its 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.

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

- stock of donated goods has no replacement cost and therefore has no value to the charity until sold. Incoming resources from non-exchange transactions are recognised when the donated donated goods can be measured reliably and when consideration is given to the benefits and costs. No amounts are included for the contribution of general volunteers.

1.5
Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

1.6
Tangible fixed assets

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

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 bases:

Premises
4% straight line
Plant and equipment
10% straight line
Fixtures and fittings
15% reducing balance
Motor vehicles
20% 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.

1.7
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual assets an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 19 -
1.8
Stocks

Sanctuary stocks are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Shop stock of donated goods has no replacement cost and therefore has no value to the charity until sold. Incoming resources from non-exchange transactions are recognised when the donated goods can be measured reliably, and where consideration is given to the benefits and costs.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9
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.

1.10
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 are 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 the 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 price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified 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.

MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 20 -
1.11
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.

1.12

Limited by guarantee

The Charity is a company limited by Guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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 the revision affects both current and future periods.

3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
346,713
465,394
Donations and gifts
Collection Boxes
5,682
5,838
Donations
79,509
96,819
Gift Aid
10,406
10,487
Membership
21,382
25,360
Legacies
227,494
324,815
Sponsorship
2,240
2,075
346,713
465,394
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 21 -
4
Other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
15,100
31,714
Shop income
218,678
184,251
Sanctuary Receipts
49,421
46,796
Conference Room Hire
3,108
3,928
Other trading activities
286,307
266,689
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
2,944
-
6
Other income
Total
Unrestricted
funds
2025
2024
£
£
Insurance Claims
-
8,872
7
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Seeking donations, grants and legacies
451
2,695
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 22 -
8
Charitable activities

Charitable Activities

Charitable Activities

2025
2024
£
£
Animal Sanctuary
129,855
128,388
Charity Shops
52,048
39,115
181,903
167,503
Share of support costs (see note 10)
455,768
372,197
Share of governance costs (see note 10)
6,339
4,336
644,010
544,036
Analysis by fund
Unrestricted funds
643,130
544,036
Restricted funds
880
-
644,010
544,036
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
9
Expenditure on Raising Funds & Charitable Activities
Animal
Charity
Fund
Total
Total
Sanctuary
Shops
Raising
Support
2025
2024
£
£
£
£
£
£
Wages
-
-
-
340,170
340,170
245,387
Vet Fees
53,241
-
-
-
53,241
66,364
Depreciation
-
-
-
62,260
62,260
62,039
Rent
-
27,953
-
-
27,953
24,955
Rates
920
-
-
-
920
2,682
Heat & light
30,362
7,700
-
-
38,062
32,700
Printing/Stationery/Advertising
-
30
-
6,079
6,109
8,771
Computer expenses
-
-
-
4,686
4,686
3,425
Animal Feed
13,113
-
-
-
13,113
6,523
Insurance
8,710
1,423
-
2,525
12,658
11,356
Repairs & Maintenance
-
7,175
-
16,846
24,021
22,828
Sundry
-
831
-
2,036
2,867
1,633
Subscriptions
2,107
-
-
1,702
3,809
4,616
Accountancy & Audit
-
-
-
3,860
3,860
3,160
Telephone
5,589
168
-
-
5,757
5,233
Cleaning
-
2,279
-
4,430
6,709
3,137
Travel
2,771
1,337
-
-
4,108
1,224
Direct Costs
-
1,394
-
1,541
2,935
830
Vehicle Expenses
1,016
-
-
-
1,016
3,810
Dog Expenses
5,843
-
-
-
5,843
4,360
Function & Event Expenses
-
-
451
-
451
2,695
Leasing
1,983
-
-
-
1,983
-
Credit Card Machine
-
987
-
-
987
811
Health & Safety
2,530
-
-
-
2,530
178
Recruitment Expenses
-
-
-
-
-
10,425
Canteen
810
-
-
-
810
574
Bank Charges
-
771
-
732
1,503
667
Professional Fees
-
-
-
2,479
2,479
4,311
Conference Room Expenses
1,776
-
-
-
1,776
1,293
Opening Stock
2,370
-
-
-
2,370
2,200
Closing stock
(3,286)
-
-
-
(3,286)
(2,370)
Irrecoverable VAT
-
-
-
12,761
12,761
10,914
129,855
52,048
451
462,107
644,461
546,731
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
10
Support costs
Support costs
Governance costs
2025
Support costs
Governance costs
2024
£
£
£
£
£
£
Staff costs
341,711
-
341,711
256,195
-
256,195
Depreciation
62,260
-
62,260
62,039
-
62,039
Irrecoverable VAT
12,761
-
12,761
10,914
-
10,914
Sundry
2,036
-
2,036
1,030
-
1,030
Cleaning
4,430
-
4,430
3,137
-
3,137
Repairs & Maintenance
16,846
-
16,846
21,540
-
21,540
Computer Running
4,686
-
4,686
3,425
-
3,425
Subscriptions
1,702
-
1,702
2,261
-
2,261
Business Insurance
2,525
-
2,525
2,606
-
2,606
Bank Charges
732
-
732
355
-
355
Printing, Stationery & Advertising
6,079
-
6,079
8,695
-
8,695
Audit fees
-
3,860
3,860
-
3,160
3,160
Legal and professional
-
2,479
2,479
-
1,176
1,176
455,768
6,339
462,107
372,197
4,336
376,533
Analysed between
Charitable activities
455,768
6,339
462,107
372,197
4,336
376,533

Governance costs includes payments to the auditors of £3,8 60 (202 4: £3,160) for audit fees.

11
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements
3,860
3,160
Depreciation of owned tangible fixed assets
62,260
62,039
12
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
11
12
Employment costs
2025
2024
£
£
Wages and salaries
272,225
245,387
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
12
Employees
(Continued)
- 25 -
There were no employees whose annual remuneration was more than £60,000.
13
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

14
Tangible fixed assets
Premises
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
1,387,049
36,483
58,571
21,539
1,503,642
Additions
20,007
-
4,198
-
24,205
At 31 March 2025
1,407,056
36,483
62,769
21,539
1,527,847
Depreciation and impairment
At 1 April 2024
261,789
25,732
46,834
14,348
348,703
Depreciation charged in the year
56,282
2,150
2,390
1,438
62,260
At 31 March 2025
318,071
27,882
49,224
15,786
410,963
Carrying amount
At 31 March 2025
1,088,985
8,601
13,545
5,753
1,116,884
At 31 March 2024
1,125,260
10,751
11,737
7,191
1,154,939

15
Stocks
2025
2024
£
£
Raw materials and consumables
3,286
2,370
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,702
4,449
Other debtors
18,506
22,555
20,208
27,004
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
17
Loans and overdrafts
2025
2024
£
£
Credit Card
45
12
Payable within one year
45
12

18
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank overdrafts
17
45
12
Other taxation and social security
-
5,060
Trade creditors
23,011
19,336
Other creditors
475
-
Accruals and deferred income
3,335
3,180
26,866
27,588
19
Restricted funds

The restricted funds of the charity compri se the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be use d.

At 1 April 2024
Resources expended
At 31 March 2025
£
£
£
50,727
(880)
49,847
Previous year:
At 1 April 2023
Resources expended
At 31 March 2024
£
£
£
50,727
-
50,727
MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
20
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2024
Incoming resources
Resources expended
At 31 March 2025
£
£
£
£
General funds
1,903,629
635,964
(643,581)
1,896,012
Previous year:
At 1 April 2023
Incoming resources
Resources expended
At 31 March 2024
£
£
£
£
General funds
1,709,405
740,955
(546,731)
1,903,629
21
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Tangible assets
1,116,884
-
1,116,884
Current assets/(liabilities)
779,128
49,847
828,975
1,896,012
49,847
1,945,859
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
1,154,939
-
1,154,939
Current assets/(liabilities)
748,690
50,727
799,417
1,903,629
50,727
1,954,356
22
Events after the reporting date

Since the year ending five trustees have resigned. The reasons for resignations included retirement, time commitments and differing perspectives on governance matters. Since the year end there have been eight trustees appointed.

Redundancy payments of £69,059.55 have been made since the year end to three employees.

MID ANTRIM ANIMAL SANCTUARY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 28 -
23
Related party transactions

Robin Bates who was a trustee up until he resigned on the 18th November 2024 provided services to the value of £1,400.

24
Cash generated from operations
2025
2024
£
£
(Deficit)/surplus for the year
(8,497)
194,224
Adjustments for:
Investment income recognised in statement of financial activities
(2,944)
-
Depreciation and impairment of tangible fixed assets
62,260
62,039
Movements in working capital:
(Increase) in stocks
(916)
(170)
Decrease/(increase) in debtors
6,796
(13,946)
(Decrease)/increase in creditors
(755)
14,654
Cash generated from operations
55,944
256,801
25
Analysis of changes in net funds

The charity had no material debt during the year.

26
Movement in Funds
Fund
At 01/04/24
Incoming Resources
Resources Expended
Transfers
At 31/03/25
£
£
£
£
£
Restricted
50,727
-
(880)
-
49,847
Field Development Reserve
-
-
-
-
-
Unrestricted - operational
-
-
-
-
-
Unrestricted - general
1,903,629
635,964
(643,581)
-
1,896,012
1,954,356
635,964
(644,461)
-
1,945,859
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