Setting up a charity does cost money, even more so on an international scale. You have outlay on buildings, equipment, recruitment, etc. If you set up a local cats charity, think of where your costs come from, like catteries, insurance, licencing, and these are all front loaded.
However, the charity commission has the ruling that if a charity's expenses cost more than 50% of the money raised, it would need to explain itself. Your figures would say it's over 50% but as it's the first year, it's difficult to judge.
If you remember, the charity commission rapped H&M over the knuckles over their uk foundation. Practically all the money raised had gone on the admin of starting and closing it. It wasn't that the charity commission thought that they had broken any laws or done anything sinister, but rather that there had not been enough thought over future planning so money had been raised and wasted. So the charity commission is very on the ball and isnt constrained by whether the foundation founder is Royal or not.
The charity commission is very active in the uk at monitoring charities,and have triggers that activate investigations. You can always lodge a complaint with them if you think money has been wrongly spent.
I have no truck with publicly raised money going to line the pockets of the founders with high salaries and misused expenses. So I'll be interested to see the future accounts of the charity. I'm glad to live in a country where charities are so transparent in their accounting. I've been surprised that that isn't the same in other countries.