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2021-04-30-accounts

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

Registered number: 04735157 Charity number: 1103331

PAWZ FOR THOUGHT

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2021

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the charitable company, its Trustees and 1 - 2
advisers
Trustees' report 3 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8 - 9
Notes to the financial statements 10 - 22

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 APRIL 2021

Trustees

Mrs J Adamson Mrs M L Ebdale, Chair Dr J Harvey Mrs V Johnson Mrs V Carter

Company registered number

04735157

Charity registered number

1103331

Registered office

Howbridge House Ferryboat Lane North Hylton Sunderland Tyne and Wear SR5 3HW

Company secretary

L J Regan

Accountants

Ryecroft Glenton Chartered Accountants 32 Portland Terrace Newcastle upon Tyne NE2 1QP

Page 1

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021

Bankers

NatWest 52 Fawcett Street Sunderland Tyne and Wear SR1 1SB

Co-operative Bank Head Office PO Box 101 1 Balloon Street Manchester M60 4EP

CAF Scottish Widows Bank 67 Morrison Street Edinburgh EH3 8YJ

Page 2

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2021

The Trustees present their annual report together with the financial statements of the charitable company for the year 1 May 2020 to 30 April 2021. 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 Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the charitable 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.

Objectives and activities

Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the charity commission relating to public benefit.

The objects for which the charitable company is established and its principal activities continues to be for the benefit of the public to relieve the suffering of animals in need of care and attention and in particular to provide facilities for the reception, care and re-homing of such animals.

Activities undertaken to achieve objectives

The charitable company continues to raise funds towards the improvement of facilities for animals in the care of the charitable company.

Achievements and performance

Review of activities

A challenging year would be an understatement! However, with help from the Government and a great deal of ingenuity and hard work we have come through it. In some ways we may even be stronger. The shop volunteers have worked online to maintain a 'shop' income when the Sunderland shop was closed. Donations of goods were never a problem as 'spring cleaning' was the nations' hobby during lockdowns.

We continued re-homing animals throughout, once again using the internet, Google Earth allows a bird's-eye view of prospective homes! A big thank you to our vets Strachan, Tyson and Hamilton who were fantastic; we could not have worked without them going over and above their remit. All our animals went out vet checked, neutered and micro-chipped.

The Trustees are extremely proud of our volunteers' hard work and believe things can only get easier in the coming years.

Page 3

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021

Financial review

Going concern

After making appropriate enquiries and considering the possible effects of the coronavirus pandemic, the Trustees concluded that they have a reasonable expectation that the charitable 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.

Reserves policy

The trustees' policy is to hold free reserves equivalent to two year's expenditure in order to secure the continuation of activities and to reflect the requirement to care for some animals for the remainder of their lives. After the hoped for resolution of the pandemic the Trustees will be in a better position to carry out a review of our reserves policy.

Structure, governance and management

Constitution

The charitable company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 15 April 2003 amended 26 March 2004.

The principal object of the charitable company is to relieve the suffering of animals in need of care and attention and in particular to provide facilities for the reception, care and re-homing of such animals.

There have been no changes to the objectives since the last annual report.

Methods of appointment or election of Trustees

The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational structure and decision-making policies

The Trustees meet regularly to manage the charitable company's affairs.

Plans for future periods

It would be premature to make plans for the future while the charitable company is in the midst of the pandemic.

Members' liability

The Members of the charitable company guarantee to contribute an amount not exceeding £10 to the assets of the charitable company in the event of winding up.

Page 4

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2021

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the charitable 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 year. 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 charitable 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:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 23 February 2022 and signed on their behalf by:

Mrs M L Ebdale (Chair of Trustees)

Page 5

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2021

Independent examiner's report to the Trustees of Pawz for Thought ('the charitable company')

I report to the charity Trustees on my examination of the accounts of the charitable company for the year ended 30 April 2021.

Responsibilities and basis of report

As the Trustees of the charitable 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 charitable 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 charitable 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:

  1. accounting records were not kept in respect of the charitable 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.

This report is made solely to the charitable 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 charitable company's Trustees those matters I 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 charitable company and the charitable company's Trustees as a body, for my work or for this report.

Signed: Dated: 23 February 2022

Detlev Anderson FCA

RYECROFT GLENTON 32 Portland Terrace Newcastle upon Tyne NE2 1QP

Page 6

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2021

Note
Income from:
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
98,153
36,367
181
1,051
135,752
7,198
77,976
85,174
50,578
473,474
50,578
524,052		 Total
funds
2021
£
98,153
36,367
181
1,051
135,752
7,198
77,976
85,174
50,578
473,474
50,578
524,052		 Total
funds
2020
£
25,438
43,263
221
954
69,876
7,204
75,374
82,578
(12,702)
486,176
(12,702)
473,474

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 10 to 22 form part of these financial statements.

Page 7

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee) REGISTERED NUMBER: 04735157

BALANCE SHEET AS AT 30 APRIL 2021

Note
Fixed assets
Tangible assets
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Unrestricted funds
16
Total funds		 1,600
10,000
215,557
227,157
(846)		 2021
£
297,741
297,741
524,052
524,052
524,052
524,052
524,052		 200
10,000
145,361
155,561
(816)		 2020
£
318,729
318,729
473,474
473,474
473,474
473,474
473,474

Page 8

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee) REGISTERED NUMBER: 04735157

BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2021

The charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees on 23 February 2022 and signed on their behalf by:

Mrs M L Ebdale

(Chair of Trustees)

The notes on pages 10 to 22 form part of these financial statements.

Page 9

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

1. General information

Pawz for Thought is a charitable company, company number 04735157 and charity registration number 1103331. The registered office is Howbridge House, Ferryboat Lane, North Hylton, Sunderland, Tyne and Wear, SR5 3HW.

2. 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Pawz for Thought 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 charitable 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.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the charitable company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the charitable company, can be reliably measured.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 10

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

2. Accounting policies (continued)

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 attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on raising funds includes all expenditure incurred by the charitable company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitable company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

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, .

Depreciation is provided on the following bases:

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Page 11

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

2. Accounting policies (continued)

2.8 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.

2.9 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.

2.10 Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The charitable 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.

2.12 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 charitable company and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted
funds
2021
£
Donations
38,153
Legacies
50,000
Government grants
10,000
98,153		 Total
funds
2021
£
38,153
50,000
10,000
98,153

Page 12

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

3. Income from donations and legacies (continued)

Donations
4.
Income from other trading activities
Income from fundraising events		 Unrestricted
funds
2020
£
25,438		 Total
funds
2020
£
25,438
Unrestricted
funds
2021
£
Fundraising
126
Unrestricted
funds
2020
£
Fundraising
5,346
Income from non charitable trading activities		 Total
funds
2021
£
126
Total
funds
2020
£
5,346
Unrestricted
funds
2021
£
Sale of donated goods
32,608
Sale of donated rags and scrap
1,577
Insurance commission
2,056
36,241		 Total
funds
2021
£
32,608
1,577
2,056
36,241

Page 13

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

4. Income from other trading activities (continued)

Income from non charitable trading activities (continued)

Sale of donated goods
Sale of donated rags and scrap
Insurance commission		 Unrestricted
funds
2020
£
32,976
2,889
2,052
37,917		 Total
funds
2020
£
32,976
2,889
2,052
37,917

5. Investment income

Unrestricted
funds
2021
£
Investment income
181
Unrestricted
funds
2020
£
Investment income
221		 Total
funds
2021
£
181
Total
funds
2020
£
221

Page 14

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

6. Other incoming resources

Solar panel income
Solar panel income
7.
Expenditure on raising funds
Costs of raising voluntary income

Expenditure on raising voluntary income
Costs of raising voluntary income (continued)
Expenditure on raising voluntary income		 Unrestricted
funds
2021
£
1,051
Unrestricted
funds
2020
£
954
Unrestricted
funds
2021
£
216
Unrestricted
funds
2020
£
216		 Total
funds
2021
£
1,051
Total
funds
2020
£
954
Total
funds
2021
£
216
Total
funds
2020
£
216

Page 15

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

7. Expenditure on raising funds (continued)

Fundraising trading expenses

Unrestricted
funds
2021
£
Rent and rates
5,209
Heat and light
499
Telephone
1,274
Total 2021
6,982		 Total
funds
2021
£
5,209
499
1,274
6,982

Fundraising trading expenses (continued)

Rent and rates
Heat and light
Telephone
Air show		 Unrestricted
funds
2020
£
4,957
643
928
460
6,988		 Total
funds
2020
£
4,957
643
928
460
6,988

Page 16

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

8. Analysis of expenditure by activities

Direct costs - Activities
Direct costs - Activities
Analysis of direct costs
Depreciation
Vet fees
Animal food etc
Pet taxi
Heat & light - animal shelter
Rent and rates - animal shelter
Repairs and maintenance		 Activities
undertaken
directly
2021
£
75,684
Activities
undertaken
directly
2020
£
73,045		 Support
costs
2021
£
2,292
Support
costs
2020
£
2,329
Activities
2021
£
23,460
21,455
5,048
3,226
2,082
146
20,267
75,684		 Total
funds
2021
£
77,976
Total
funds
2020
£
75,374
Total
funds
2021
£
23,460
21,455
5,048
3,226
2,082
146
20,267
75,684

Page 17

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

8. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Depreciation
Vet fees
Animal food etc
Pet taxi
Heat & light - animal shelter
Rent and rates - animal shelter
Repairs and maintenance		 Activities
2020
£
23,398
17,807
3,790
1,923
1,172
125
24,830
73,045		 Total
funds
2020
£
23,398
17,807
3,790
1,923
1,172
125
24,830
73,045

Analysis of support costs

Insurance
Sundries
Website costs
Independent examiners fee - governance
Insurance
Sundries
Website costs
Independent examiners fee - governance		 Activities
2021
£
1,296
6
144
846
2,292
Activities
2020
£
1,237
132
144
816
2,329		 Total
funds
2021
£
1,296
6
144
846
2,292
Total
funds
2020
£
1,237
132
144
816
2,329

Page 18

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

9. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the charitable company's independent examiner for the
preparation and independent examination of the charitable company's
annual accounts 846 816

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year, no Trustee expenses have been incurred (2020 - £NIL) .

11. Tangible fixed assets

Cost or valuation
At 1 May 2020
Additions
At 30 April 2021
Depreciation
At 1 May 2020
Charge for the year
At 30 April 2021
Net book value
At 30 April 2021
At 30 April 2020		 Freehold
property
£
464,974
-
464,974
146,535
23,319
169,854
295,120
318,439		 Fixtures and
fittings
£
527
2,472
2,999
237
141
378
2,621
290		 Total
£
465,501
2,472
467,973
146,772
23,460
170,232
297,741
318,729

Included in land and buildings is freehold land at a cost of £231,785 (2020 - £231,785) which is not depreciated.

Page 19

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

12. Stocks

Raw materials and consumables
13.
Debtors
Due within one year
Other debtors
14.
Creditors: Amounts falling due within one year
Accruals and deferred income
15.
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure		 2021
£
1,600
2021
£
10,000
10,000
2021
£
846
2021
£
215,557		 2020
£
200
2020
£
10,000
10,000
2020
£
816
2020
£
145,361

Financial assets measured at fair value through income and expenditure comprise cash at bank.

Page 20

DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

16. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Statement of funds - prior year
Unrestricted funds
General Funds		 Balance at 1
May 2020
£
473,474
Balance at
1 May 2019
£
486,176		 Income
£
135,752
Income
£
69,876		 Expenditure
£
Balance at
30 April
2021
£
(85,174)
524,052
Expenditure
£
Balance at
30 April 2020
£
(82,578)
473,474		 Balance at
30 April
2021
£
524,052

17. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2021
£
Tangible fixed assets
297,741
Current assets
227,157
Creditors due within one year
(846)
Total
524,052		 Total
funds
2021
£
297,741
227,157
(846)
524,052

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DocuSign Envelope ID: B739D557-EBD9-415A-A189-D24176D0ECB5

PAWZ FOR THOUGHT (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

17. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2020
£
318,729
155,561
(816)
473,474		 Total
funds
2020
£
318,729
155,561
(816)
473,474

18. Related party transactions

There have been no related party transactions during the year.

Page 22