ari THE PET CHARITY {A Company Limited by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
THE PET CHARITY Imi CONTENTS eference and dministrative etails of t ecom its Trustees and Advisers Trustees, Rep Inde endent Examiner's Re Statement of Financial Activities alance eet 9-10 Notes to the Financial tatements 11-20
THE PET CHARITY REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2022 Trustees Ms M M Moorcroft, Trustee Mr D C Perry, Trustee Mr C J Newman, Trustee Mr P Carey, Trustee Mr A N Burgess, Vice Chair Mr D B Whitmee, Chair Ms E M Skipper, Trustee Company registered number 00666171 Charity registered number 1052488 Registered office Bigods Bungalow Bigods Lane Gt Dunmow Essex CM6 3BE Accountants Streets Chartered Accountants Potton House Wyboston Lakes Great North Road Bedfordshire MK44 3BZ Bankers Barclays Bank PLC 111 High Street Bedford MK40 1NJ
THE PET CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 30 APRIL 2022 The Trustees present their annual report together with the financial statements of the The Pet Charity for the 1 May 2021 to 30 April 2022. The Annual Report serves the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of ecommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable Fn the UK and Republic of Ireland (FRS102) (effective 1 January 2019). The Pet Charity Is a register Charity (number 1052488) and a Company limited by guarantee (number 00666171) Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Structure, governance and management a. Constitution The company is registered as a charitable company limited by guarantee and has a registered charity number 1052488. The company's founding document takes the form of Memorandum and Articles of Association, by which it is also governed. Its investment powers are regulated by this deed accordingly. The Charity Is authorised to: Purchase or acquire real or personal property as may be necessary to carry out its objectives Accept donations, grants, subscriptions, bequests, monies, securities or other real or personal property or assets. Award scholarships, bursaries, prizes or other grants. Borrow or raise money In such a manner and on such security as will further its objectives. Invest and deal with the Charity's monies in a manner which furthers Its objectives. b. Organisational structure and decision-making policies The Board has further considered the need for a paid CEO and concluded that the post continues to be Inappropriate at this point. The Board operates under the direction of a Chair and Vice Chair who assume responsibility for day-to-day operations In lieu of a CEO. Individual trustees take lead responsibility for projects, providing regular updates to the board to aid collective decision making, Policies ado tedf rthe in uction nd training of Tr ste The director's Code of Conduct forms the backb ne of trustee induction, together with involvement In strategic and budgetary plannin ssions completed within the ody of Board meetings. d. Risk ma ment The annual bu get is submitted to The Pet Charity oar fora proval. Re ular updat s are provided by the treasurer, inclu ing fl xing of the bud et to mo elch es In the financial position of the charity t roughout th as a mini efore e ch meetin of th truste The Trustee's contract introduce is maint ined as an a propriate tool to mana e risk.
. THE PET CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022 ctives and activities a. Policies and objectives The main objects of the charity are to advance the education of the general public In the protection, preservation, health and welfare of domestic companion animals ("pets"). Responsible Pet Ownership (RPO) is indicated in the legislation made law in 2006 via the Animal Welfare Act 2006. The Pet Charity seeks to ensure that those undertaking pet ownership have access to clear and objective independent advice and guidance to ensure success for both the pet and owner. Further the Charity seeks to utilise research Into the benefit of the human-pet bond for both the owner and animal to promote the public benefit of responsible pet or companion animal keeping. In doing so the Charity co-operates with other organisations to highlight research in this field, ultimately for the benefit of public health. The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities and setting policy for the year, b. Strategies for achieving objectives The Board re-committed the charity to dedicating Its activity to the education of the wider public in the correct selection and ongoing care of their pet animals, but from the standpoint that pets are a positive impact on general public health, The rental income from the charities building forms an ongoing income stream which enables the charity to fund current projects. Emphasis is placed on maximising occupancy for this building. The charity will also continue to apply for grants to fund ongoing projects. The Charity has made some progress in raising Its profile within the legislative environment and will continue to develop this. The National Centre for Reptile Welfare (NCRW) has been separated from the Pet Charity and will now operate as a separate entity which will run independently. This will free up resources for the Pet Charity to initiate new projects. c. Activities undertaken to achieve objectives The activities of the year all fall under the overarching controls extended by the Charities Commission aims and objectives. Sales of the educational leaflets continue and contribute to the running costs of the Charity. Th NCRW pr Ject has now reached the point at which it can be established as an organisation independent of The Pet Charity and this has now been largely achieved. ge3
THE PET CHARITY . TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022 jectives an activities (continued) ain activities undertaken to further the company's ur oses for the pu lic benefit The Charity has been working to set up the NCRW to operate independently so that it can continues to deliver positive benefits to animal welfare and to increase education of animal keepers. The "Pet Know How" project, a joint project with the British Small Animal VeterFnary Association ( SAVA) and British Veterinary Zoological Society (BVZS) to deliver online pet care training for pet keepers, has continued to progress. This will be launched to the public early in 2023. Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis In preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Trustees confirmed the policy of maintaining minimum reserves equal to at least 12 months, running costs, to be reviewed annually, remains in place. Principal risks and uncertainties The cost of living crisis has been identified as a risk. The Impact on businesses and individuals is likely to cause welfare concerns as it becomes more challenging for people to afford to keep their pets. This may put pressure on rescue and rehoming facilities such as NCRW, but also reduce income from donations. BREXIT continues to provide considerable uncertainty in the pet sector, as in all areas, and its impact remains unknown, but potentially damaging to animal welfare. Emerging diseases and zoonotic risks Increase the need for education of keepers. Restrictions continue to exist to people keeping and encountering pets In schools, care homes and under tenancy agreements which limits the capacity for people to realise the benefits of pet keeping. It Is hoped that the proposed Government review of model tenancy agreements can help address this in part. The outstanding debt of the Pet Industry Federation has r duced in th financial year 2021-22 and the Trustees will continue to work closely with PIF to continue to reduce the debt collaboratively.
THE PET CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022 d. Principal fundin The Charity sought to generate income from five distinct areas: Commercial sponsorship for individual campaigns Covenant from trade associations Donations from the public Grants from other organisations Sales of Pet Care Leaflets The Pet Charity continues to own the building at 170, Mile Rd, Bedford. The building Is rented to a commercial tenant under a 5 year lease. The rent received represents an ongoing Income stream for the charity. Achievements and performance a. Investment policy and performance The major assets of The Pet Charity: Commercial building (170 Mile Rd, Bedford) Reserve funds held at Barclays Bank Commercial loan extended to PIF The Trustees reviewed each of the major assets and implemented necessary controls to ensure return of fair market rates, Statement of Trustees, responsibilities The Trustees (who are also the directors of the company for the purposes 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 . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; obseNe the methods and principles of the Charities SORP (FRS 102); make judgments and accounting estimates that are reasonable and prudent, state whether applicable K Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed nd explained In the financial statements. prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue In business. The Trustees are responsi le for keeping ade te accounting records th t are sufficient to show and explain the company's transactions and disclose with re sonable accuracy at any time the fin ncial position of the mpany and enable them to ensure th t t e financi I statements co ply with the Com anies Act 2006. They are also responsible for safe uarding the ssets of the company and hence for taking re sonable ste sforth prevention and detection of fraud and oth r Irre rities.
THE PET CHAMTY TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENPED 30 APRIL 2022 Approved by order of th of Tru>t es
THE PET CHARITY , INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2022 ependent Examin eport to the rustees of The Pet hari ('the compa I report to the charity Trustees on my examination of the accounts of the company for the year ended 30 April 2022. Responsibilities and Basis of eport As the Trustees of the company (and 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 the company's accounts 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: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act. or the accounts do not accord with those records. or 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 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. This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters l am required to state to them In an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report. Signed. Alan Endersby Str artered Potton ouse Wyboston Lakes atN rthRo fordshire MK44 3BZ ated. 26/01 /2023 ACA ccou tan
THE PET CHARITY.- STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2022 Unr stricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable activities Investments 24,898 3,164 20,056 24,898 3,164 20,056 12,083 2, 720 4,113 Total income 48,118 48,118 18,916 Expenditure on: Charitable activities 51,900 51,900 68,988 Total expenditure 51,900 51,900 68, 988 Net movement in funds (3,782) (3,782) (50, 072) Reconciliation of funds: Total funds brought forward Net movement in funds 262,805 13,782) 262,805 (3,782) 312,877 (50, 072) Total funds carried forward 259,023 259,023 262, 805 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 20 form part of these financial statements.
THE PET CHARITY REGISTERED NUMBER.. 00666171 BALANCE SHEET AS AT 30 APRIL 2022 2022 2021 Note Fixed assets Tangible assets 114,955 128,972 114,955 128,972 Current assets Stocks Debtors Cash at bank and in hand 10 3,577 114,347 40,699 1,480 131, 700 24,887 158,623 158,067 Creditors: amounts falling due within one year 12 (14,555) {24, 234) Net current assets 144,068 133, 833 Total assets less current liabilities 259,023 262, 805 Net assets excluding pension asset 259,023 262, 805 Total net assets 259,023 262, 805
THE PET CHARITY (A Company Llmlted by Guarantee) REGISTERED NUMBER. 00666171 BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2022 2022 2021 Note Charfty funds L-Y* , Restn¢ted funds Unresthcted funds 13 259,023 262,805 259,023 262,805 The company was entitled to exemption from audit under section 477 of the Coinpani¢s A¢t 2006. The members h8ve not required the company to obtain an audit for the year in question in xcordancti Vth section 476 of Companies Act 2006. s acknowledge their responsibilities for complying with the requfr ccounting rett>rds and preparation of financial statements The financial statements have been prepared In accordance witli the provisions ap sm811 companies regime. The financial ststements were approved and authorised for issue by th Trustees an ments i>f t ,, Mr D B INhltmee The note5 on pages 11 to 20 fom part of these financial statements. Page 11
THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 General information As set out In the trustees, report, The Pet Charity Is a charitable Incorporated orgnisation registered In England and Wales. The address of their registered office is igods Bungalow, Bidgods Lane, Great Dunmow, Essex. CM6 3BE. The financial statements are prepared in sterling, which is the functional currency of the entity. The charity's objects are stated in the trustees, report. Accounting policies 2.1 Basis of preparation of financial statements The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Pet Charity meets the definition of a public benefit entity under FRS 102, Assets and liabilities are Initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting policy. 2.2 Income All income is recognised once the company has entitlement to the income, it Is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable In relation to investment income is recognised at the time the investment Income is receivable. 2.3 Expenditure Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributa le to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charita le activities is Incurred on directly undertaking the activities which further the company's objectives, as well as any ssociated sup ort costs. All expenditure is inclusive of Irrecovera le VAT.
THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 Accountin policies (continue 2.4 Tangible fixed assets and depreciation Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset Into Its Intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following bases: Long-term leasehold property Motor vehicles Office equipment Computer equipment Other fixed assets On a straight line basis over 150 years 25 % straight line basis 100/0, 150/0 and 20 % on a straight line basis 33 % and 20 % on a straight line basis 33 % straight line basis 2.5 Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.6 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. bilities and provisions Lia Ilities are recognised when there is an obligation at the alance Sheet date as a result of a past nt, it Is probable that a transfer of economic benefit will be required In settlement, and the amount of the s ttlement can be estimated r Iiably. Liabilities are recognised at the amount that the com any anticipates it will pay to settle the debt or the amount it has received s advance pay ents for the goo s or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obli ation. Wher the effect of th time v lueofm ney is material, the provision is based on the present value of thos amounts, discounte at the re-tax discount rate th t reflects the risks specific to the lability. The unwin gofthe iscount is recog dint e Stat ment f Financi l Activitie s a finance cost. Page 12
THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 Accounting p licies (continued> 2.9 Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are Initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective Interest method. 2.10 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment Income, gains and losses are allocated to the appropriate fund. Page 13
THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 In ome from donations and le acies Unrestricted funds 2022 Total funds 2022 Total funds 2021 Donations 24,898 24,898 12,083 Total 2021 12,083 12,083 Income from charitable activities Unrestricted funds 2022 Total funds 2022 Total funds 2021 Educational activities 3,164 3,164 2, 720 2, 720 Total 2021 2, 720 Investment income Unrestricted funds 2022 Total funds 2022 Total funds 2021 Rental Income Investment income 16,284 3,772 16,284 3,772 693 3,420 20,056 20,056 4,113 4,113 Total 2021 4,113 Page 14
£, THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 Analysis of ex enditure y activities pport costs 2022 Total funds 2022 Total funds 2027 Direct costs 2022 Charitable activities 18,194 33,706 51,900 68,988 Total 2021 16,088 52,900 68,988 Analysis of direct costs Total funds 2022 Total funds 2021 Activities 2022 Rehoming centre costs Educational activities Events 16,972 530 692 16,972 530 692 14,803 1,285 18,194 18,194 16,088 Total 2021 16,088 16,088
THE PET CHARITY.. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 Analysis of expenditure b activities (conti ued) Analysis of support costs Total funds 2022 Total funds 2021 Activities 2022 Depreciation Printing, postage, stationery and advertising Computer consumables Rates and water Light and heat Repairs and renewals Motor and travelling Insurance Bank charges and interest Office costs Legal, professional and accountancy 14,017 135 1,671 14,017 135 1,671 14,567 300 1,483 6,336 1,950 2,459 2, 589 8,416 273 3, 228 11,299 2,225 2,489 2,297 7,935 336 901 1,700 2,225 2,489 2,297 7,935 336 901 1,700 33,706 33,706 52,900 Total 2021 52, 900 52,900 Independent examiner's remuneration 2022 2021 Fees payable to the company's independent examiner for the Independent examination of the company's annual accounts 1,650 1,550 Tr es, remuner tio expenses Durin the year, no Trustees received any remuneration or other benefits (2021- £NIL). During the year ended 30 AprFI 2022, no Trustee expenses have been incurred (2021- £NIL). Page 16
THE PET CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 Tan ible fixed assets Long-term leasehold property otor Office Computer Other fixed vehicles equipment equipment assets Total Cost or valuation At 1 May 2021 137,005 18,800 75,503 25,204 7,164 263,676 At 30 April 2022 137,005 18,800 75,503 25,204 7,164 263,676 Depreciation At 1 May 2021 Charge for the year 26,478 913 9,008 4,700 66,850 8,404 25,204 7,164 134,704 14,017 At 30 April 2022 27,391 13,708 75,254 25,204 7,164 148,721 Net book value At 30 April 2022 109,614 5,092 249 114,955 At 30 April 2021 110,527 9, 792 8, 653 128,972 10. Stocks 2022 2021 Finished goods and goods for resale 3,577 1,480 11. rs 2022 2021 ue within one y Trade ebtors Other debtors rep yments and accrue 2,452 107,72 4,16 833 119,458 11,409 income 114,347 131, 700 e17
. THE PET CHARITY . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 11. Debtors (continued) Included in Other debtors is a loan to Pet Industry Federation Limited. Under the terms of the agreement there is no fixed repayment schedule, however the whole amount is due to be repaid by 31 arch 2027, 12. Creditors: Amounts falling due within one year 2022 2021 Trade creditors Other taxation and social security Accruals and deferred income 165 5,744 8,646 12,497 4, 659 7,078 14,555 24, 234 Page18
. THE PET CHARITY (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 13. Statement of funds Statement of funds - current year alance at 30 April 2022 alance at 1 May 2021 Income Expenditure Unrestricted funds NCRW Reserves 17,072 241,951 8,863 253,942 25,181 22,937 (16,972) (34,928) 262,805 48,118 (51,900) 259,023 Statement of funds - prior year Balance at 1 May 2020 Balance at Income Expenditure 30 April 2021 Unrestricted funds NCRW Reserves (14, 803) (29, 185) 8, 863 253, 942 11,609 276,268 12,057 6, 859 287,877 18,916 (43,988) 262, 805 Restricted funds Beveridge Herpetological Trust 25, 000 (25, 000) (68, 988) 262,805 Total of funds 312,877 18,916 Page 19
THE PET CHARITY y Limit NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022 14. Analysis of net assets b tween fun Analysis f net assets between funds - current year Unrestricted Total funds 2022 2022 Tangible fixed assets Current assets Creditors due within one year 114,955 158,623 (14,555) 114,955 158,623 (14,555) Total 259,023 259,023 Analysis of net assets between funds - prior year Unrestricted funds 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 728,972 158,067 (24, 234) 128,972 158,067 {24, 234) Total 262, 805 262, 805 Page 20