Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
**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 2025**
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **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 - 7|
|**Independent examiner's report**|8|
|**Statement of financial activities**|9|
|**Balance sheet**|10 - 11|
|**Notes to the financial statements**|12 - 25|
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
**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 2025**
## **Trustees**
Mrs J Adamson Mrs V Carter Mrs M L Ebdale, Chair Dr J Harvey Mrs V Johnson
## **Company registered number**
04735157
## **Charity registered number**
1103331
## **Registered office**
Howbridge House Ferryboat Lane Sunderland Tyne and Wear SR5 3HW
## **Company secretary**
L J Regan
## **Accountants**
Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB
Page 1
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
**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 2025**
## **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: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2025**
The Trustees present their annual report together with the financial statements of the charitable company for the year from 1 May 2024 to 30 April 2025. 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, including the guidance 'Public benefit: running a charity (PB2)'.
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**
The period from April 2024 to April 2025 has been one of exceptional growth, development, and challenge for the charity. Demand for our services increased significantly, alongside major improvements to infrastructure, volunteer training, and digital engagement. This year reflects both the rising need for animal welfare services and the organisation’s ability to respond effectively and responsibly.
## **Animal Admissions**
During the 2024–2025 tax year, we admitted a total of 5,704 animals, representing a 47.8% increase compared to the previous year.
- Wildlife admissions: 5,324
- Domestic pet admissions: 380
By comparison, the previous year saw:
- 3,492 wildlife admissions
- 369 domestic pet admissions
Page 3
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025**
## **Achievements and performance (continued)**
This equates to:
- A 52.5% increase in wildlife admissions
- A 3% increase in domestic pet admissions
The sharp rise in wildlife cases highlights the growing pressures on local ecosystems and the increasing reliance on our services.
## **Infrastructure and Operational Improvements**
## **Call Handling System**
We installed a new call handling system at no cost to the charity. This system diverts and manages calls efficiently and now supports text messaging and voicemail functionality. This has significantly improved accessibility, reduced missed calls, and ensured that urgent cases are responded to more effectively.
## **Walk-in Freezer Installation**
In April, a new walk-in freezer was installed. This has enabled us to purchase food in bulk and store it safely, resulting in improved stock management and reduced ongoing costs.
## **New Pedigree Pen Blocks**
We were awarded a grant of £73,990 to fund the installation of two new blocks of pedigree pens. These have now been fully installed and are a major enhancement to our facilities, providing improved welfare standards and a professional, modern environment.
## **Admissions and Clinical Facilities**
- The former cat room was completely refitted and repurposed into a dedicated admissions area, incorporating: • A surgery space
- Reception area
- Intensive care facilities
This has streamlined intake procedures and improved the standard of care for incoming animals.
## **Casco Kennels Grant**
We gratefully received a £4,500 grant from the Jean Sainsbury Trust towards the cost of Casco kennels. These kennels feature easy-clean glass panels, integrated heating, and flexible configurations that can be adapted to suit animals of varying sizes, greatly improving welfare and hygiene standards.
## **Training and Collaboration**
In July 2024, we hosted the accredited Vale Hedgehog Rehabilitation and First Aid Course. This training significantly improved volunteer knowledge and confidence in wildlife care. We also welcomed attendees from other rescues, helping to strengthen relationships and encourage collaboration and networking across the rescue sector.
Page 4
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025**
## **Achievements and performance (continued)**
## **Digital Development**
A new website was launched in February 2025. The site is modern, interactive, and regularly updated, featuring:
- Quick donate buttons
- PayPal donation links
- Gift Aid sign-up functionality
These improvements have enhanced user experience and made it easier for supporters to engage with and financially support the charity.
## **Conclusion**
This year has demonstrated both the growing demand for our services and the charity’s resilience and adaptability. Despite a substantial rise in animal admissions, we have successfully expanded our facilities, improved operational efficiency, invested in training, and strengthened our digital presence. None of this would have been possible without the continued support of our trustees, funders, volunteers, and supporters, to whom we extend our sincere thanks.
## **Financial review**
## **Overview**
The charitable company's incoming resources decreased from £343,909 to £275,658 Total resources expended increased from £188,773 to £232,098. This resulted in net incoming resources for the year of £43,560 compared with £155,136 for the previous year.
The charitable company held fund balances at the year end of £822,920 (2024: £779,360) all of which were held in unrestricted funds.
## **Going concern**
After making appropriate enquiries, the Trustees 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.
## **Structure, governance and management**
## **Constitution**
Pawz for Thought 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.
Page 5
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025**
## **Structure, governance and management (continued)**
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 Memorandum of Association.
## **Organisational structure and decision-making policies**
The Trustees meet regularly to manage the charitable company's affairs.
## **Plans for future periods**
Looking ahead, the charity has identified several key priorities to ensure it can continue to meet increasing demand while maintaining high standards of animal welfare, safety, and governance.
Planned improvements include the refresh and refit of the hedgehog room, creating a more sterile, hospitalstyle environment to further enhance biosecurity and clinical care. We also intend to undertake essential repairs to the crow and swan aviary, including works to the brick base, drainage improvements, and installation of a concrete floor to enhance hygiene standards and ease of cleaning.
To support growing levels of public donations, a new weatherproof storage facility will be constructed for charity shop stock, allowing for safer, more organised, and efficient storage of donated items. In addition, plans are in place to repair and rebuild the main outdoor walkways across the site, ensuring they are safe, well-lit, and fully accessible for individuals of all abilities.
In partnership with Sunderland City Council, the charity aims to secure funding to deliver a targeted neutering initiative, Project CatSnip. This project is intended to address the escalating local crisis caused by cat overpopulation and to reduce long-term pressure on rescue and rehoming services through preventative intervention.
A significant strategic priority for the coming period is the progression of a long-awaited planning application for an on-site wildlife hospital, which has now reached a critical stage. Subject to approval, this purpose-built facility will provide a vital lifeline for wildlife in urgent need of care, enabling animals to receive immediate treatment on arrival using specialised equipment designed specifically for wildlife patients. This project represents a major long-term investment and legacy for the charity, significantly improving clinical outcomes while, over time, reducing external veterinary costs by bringing more treatment in-house.
## **Appointment of New CEO**
The Board of Trustees is delighted to announce the appointment of Deb Hamilton as Chief Executive Officer, effective January 2026. Deb brings a wealth of experience in nonprofit leadership and strategic development, and will play a key role in guiding the charity’s growth, strengthening programs, and ensuring long-term sustainability. This appointment reflects our commitment to expanding our impact, developing our team, and securing the resources needed to continue caring for wildlife and domestic animals and serving our community effectively.
Page 6
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025**
## **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.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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 28 January 2026 and signed on their behalf by:
## **Mrs M L Ebdale**
Page 7
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 APRIL 2025**
## **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 2025.
## **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**
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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: 8228AFA7794A4DC... Dated: 28 January 2026 Detlev Anderson FCA
**Kinnair Associates Limited** Chartered Accountants
Page 8
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 APRIL 2025**
|**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**
**2025**
**£**
**198,345**
**71,941**
**3,604**
**1,768**
**275,658**
**12,550**
**219,548**
**232,098**
**43,560**
**779,360**
**43,560**
**822,920**|**Total**
**funds**
**2025**
**£**
**198,345**
**71,941**
**3,604**
**1,768**
**275,658**
**12,550**
**219,548**
**232,098**
**43,560**
**779,360**
**43,560**
**822,920**|_Total_
_funds_
_2024_
_£_
_250,395_
_89,095_
_2,601_
_1,818_|
|---|---|---|---|
||||_343,909_|
||||_14,062_
_174,711_|
||||_188,773_|
||||_155,136_|
||||_624,224_
_155,136_|
||||_779,360_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 25 form part of these financial statements.
Page 9
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee) REGISTERED NUMBER: 04735157**
## **BALANCE SHEET AS AT 30 APRIL 2025**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one
year
16
**Net current assets**
**Total assets less current liabilities**
**Total net assets**|**80**
**1,883**
**347,645**
**349,608**
**(1,204)**|**2025**
**£**
**474,516**
**474,516**
**348,404**
**822,920**
**822,920**|_80_
_1,938_
_476,281_
_478,299_
_(9,635)_|_2024_
_£_
_310,696_|
|---|---|---|---|---|
|||||_310,696_
_468,664_|
|||||_779,360_|
||||||
|||||_779,360_|
Page 10
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee) REGISTERED NUMBER: 04735157**
## **BALANCE SHEET (CONTINUED) AS AT 30 APRIL 2025**
|||**2025**|_2024_|
|---|---|---|---|
||**Note**|**£**|_£_|
|**Charity funds**||||
|Unrestricted funds|18|**822,920**|_779,360_|
|**Total funds**||**822,920**|_779,360_|
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 28 January 2026 and signed on their behalf by:
## **Mrs M L Ebdale**
The notes on pages 12 to 25 form part of these financial statements.
Page 11
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **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.
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.
The financial statements are prepared in pounds Sterling and rounded to the nearest pound.
## **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.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
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 12
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
**(A company limited by guarantee)**
## **PAWZ FOR THOUGHT**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **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 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.
## **2.5 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:
|Freehold property|- 10% straight line depreciation|
|---|---|
|Fixtures and fittings|- 15% straight line depreciation|
## **2.6 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
## **2.7 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.
Page 13
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **2. Accounting policies (continued)**
## **2.8 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.
## **2.9 Liabilities and provisions**
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.
## **2.10 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.
## **2.11 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**
**2025**
**£**
Donations
197,545
Legacies
800
198,345|**Total**
**funds**
**2025**
**£**
**197,545**
**800**|
|---|---|
||**198,345**|
Page 14
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **3. Income from donations and legacies (continued)**
|Donations
Legacies
Grants|_Unrestricted_
_funds_
_2024_
_£_
_137,685_
_82,653_
_30,057_
_250,395_|_Total_
_funds_
_2024_
_£_
_137,685_
_82,653_
_30,057_|
|---|---|---|
|||_250,395_|
## **4. Income from other trading activities Income from fundraising events**
|**Unrestricted**
**funds**
**2025**
**£**
Fundraising
20,271
_Unrestricted_
_funds_
_2024_
_£_
Fundraising
_29,154_|**Total**
**funds**
**2025**
**£**
**20,271**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_29,154_|
Page 15
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **4. Income from other trading activities (continued)**
## **Income from non charitable trading activities**
|**Unrestricted**
**funds**
**2025**
**£**
Sale of donated goods
47,321
Sale of donated rags and scrap
1,078
Insurance commission
3,271
51,670
_Unrestricted_
_funds_
_2024_
_£_
Sale of donated goods
_54,276_
Sale of donated rags and scrap
_3,095_
Insurance commission
_2,570_
_59,941_
**Investment income**
**Unrestricted**
**funds**
**2025**
**£**
Investment income
3,604
_Unrestricted_
_funds_
_2024_
_£_
Investment income
_2,601_|**Total**
**funds**
**2025**
**£**
**47,321**
**1,078**
**3,271**|
|---|---|
||**51,670**|
||_Total_
_funds_
_2024_
_£_
_54,276_
_3,095_
_2,570_|
||_59,941_|
||**Total**
**funds**
**2025**
**£**
**3,604**|
||_Total_
_funds_
_2024_
_£_
_2,601_|
## **5. Investment income**
Page 16
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **5. Investment income (continued)**
|**6.**
**Other incoming resources**
**Unrestricted**
**funds**
**2025**
**£**
Solar panel income
1,768
_Unrestricted_
_funds_
_2024_
_£_
Solar panel income
_1,818_
**7.**
**Expenditure on raising funds**
**Costs of raising voluntary income**
**Unrestricted**
**funds**
**2025**
**£**
Expenditure on raising voluntary income
3,542
**Costs of raising voluntary income (continued)**
_Unrestricted_
_funds_
_2024_
_£_
Expenditure on raising voluntary income
_5,750_|**Total**
**funds**
**2025**
**£**
**1,768**
_Total_
_funds_
_2024_
_£_
_1,818_|
|---|---|
||**Total**
**funds**
**2025**
**£**
**3,542**|
||_Total_
_funds_
_2024_
_£_
_5,750_|
Page 17
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **7. Expenditure on raising funds (continued)**
## **Fundraising trading expenses**
|**Unrestricted**
**funds**
**2025**
**£**
Rent and rates
5,245
Heat and light
1,611
Telephone
2,152
9,008|**Total**
**funds**
**2025**
**£**
**5,245**
**1,611**
**2,152**|
|---|---|
||**9,008**|
## **Fundraising trading expenses (continued)**
|Rent and rates
Heat and light
Telephone|_Unrestricted_
_funds_
_2024_
_£_
_5,181_
_1,267_
_1,864_
_8,312_|_Total_
_funds_
_2024_
_£_
_5,181_
_1,267_
_1,864_|
|---|---|---|
|||_8,312_|
Page 18
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2025**
**£**
Direct costs - Activities
219,548
_Unrestricted_
_funds_
_2024_
_£_
Direct costs - Activities
_174,711_|**Total**
**2025**
**£**
**219,548**|
|---|---|
||_Total_
_2024_
_£_
_174,711_|
## **9. Analysis of expenditure by activities**
|Direct costs - Activities
Direct costs - Activities|**Activities**
**undertaken**
**directly**
**2025**
**£**
208,116
_Activities_
_undertaken_
_directly_
_2024_
_£_
_162,172_|**Support**
**costs**
**2025**
**£**
11,432
_Support_
_costs_
_2024_
_£_
_12,539_|**Total**
**funds**
**2025**
**£**
**219,548**|
|---|---|---|---|
||||_Total_
_funds_
_2024_
_£_
_174,711_|
Page 19
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Depreciation
Vet fees
Animal food etc
Other sundry animal shelter costs
Pet taxi
Heat & light - animal shelter
Rent and rates - animal shelter
Repairs and maintenance
Staff costs
Depreciation
Vet fees
Animal food etc
Other sundry animal shelter costs
Pet taxi
Heat & light - animal shelter
Rent and rates - animal shelter
Repairs and maintenance|**Activities**
**2025**
**£**
39,983
18,233
98,664
16,118
12,652
9,727
6,893
192
5,654
208,116
_Activities_
_2024_
_£_
_9,750_
_23,947_
_57,174_
_10,304_
_1,576_
_5,078_
_6,159_
_201_
_47,983_
_162,172_|**Total**
**funds**
**2025**
**£**
**39,983**
**18,233**
**98,664**
**16,118**
**12,652**
**9,727**
**6,893**
**192**
**5,654**|
|---|---|---|
|||**208,116**|
|||_Total_
_funds_
_2024_
_£_
_9,750_
_23,947_
_57,174_
_10,304_
_1,576_
_5,078_
_6,159_
_201_
_47,983_|
|||_162,172_|
Page 20
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Insurance
Sundries
Website costs
Independent examiners fee - governance
Legal and professional fees|**Activities**
**2025**
**£**
1,474
3,427
4,740
951
840
11,432|**Total**
**funds**
**2025**
**£**
**1,474**
**3,427**
**4,740**
**951**
**840**|
|---|---|---|
|||**11,432**|
|Insurance
Sundries
Website costs
Independent examiners fee - governance
Legal and professional fees
**10.**
**Independent examiner's remuneration**
Fees payable to the charitable company's independent examiner for the
preparation and independent examination of the charitable company's
annual accounts excluding VAT.|_Activities_
_2024_
_£_
_1,446_
_1,881_
_144_
_963_
_8,105_
_12,539_
**2025**
**£**
**845**|_Total_
_funds_
_2024_
_£_
_1,446_
_1,881_
_144_
_963_
_8,105_|
|---|---|---|
|||_12,539_|
|||_2024_
_£_
_802_|
Page 21
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **11. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2025**
**£**
**39,000**
**983**
**39,983**|_2024_
_£_
_9,750_
_-_|
|---|---|---|
||||
|||_9,750_|
The average number of persons employed by the charitable company during the year was as follows:
||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Employees|**1**|_-_|
No employee received remuneration amounting to more than £60,000 in either year.
## **12. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 30 April 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
Page 22
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **13. Tangible fixed assets**
|**Cost or valuation**
At 1 May 2024
Additions
At 30 April 2025
**Depreciation**
At 1 May 2024
Charge for the year
At 30 April 2025
**Net book value**
At 30 April 2025
_At 30 April 2024_|**Freehold**
**property**
**£**
**464,974**
**-**
**464,974**
**233,189**
**-**
**233,189**
**231,785**
_231,785_|**Fixtures and**
**fittings**
**£**
**87,977**
**182,053**
**270,030**
**9,066**
**18,233**
**27,299**
**242,731**
_78,911_|**Total**
**£**
**552,951**
**182,053**|
|---|---|---|---|
||||**735,004**|
||||**242,255**
**18,233**|
||||**260,488**|
||||**474,516**|
||||_310,696_|
Included in land and buildings is freehold land with a cost of £231,785 (2024 - £231,785) which is not depreciated.
## **14. Stocks**
|Raw materials and consumables
**Debtors**
**Due within one year**
Other debtors|**2025**
**£**
**80**
**2025**
**£**
**1,883**
**1,883**|_2024_
_£_
_80_
_2024_
_£_
_1,938_
_1,938_|
|---|---|---|
## **15. Debtors**
Page 23
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **16. Creditors: Amounts falling due within one year**
|Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2025**
**£**
**1,204**
**2025**
**£**
**347,645**|_2024_
_£_
_9,635_|
|---|---|---|
|||_2024_
_£_
_476,281_|
## **17. Financial instruments**
Financial assets measured at fair value through income and expenditure comprise bank balances.
## **18. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**May 2024**
**£**
**Unrestricted funds**
General Funds
**779,360**
**Statement of funds - prior year**
_Balance at_
_1 May 2023_
_£_
**Unrestricted funds**
General Funds
_624,224_|**Income**
**£**
**Expenditure**
**£**
**Balance at**
**30 April**
**2025**
**£**
**275,658**
**(232,098)**
**822,920**
_Income_
_£_
_Expenditure_
_£_
_Balance at_
_30 April 2024_
_£_
_343,909_
_(188,773)_
_779,360_|**Balance at**
**30 April**
**2025**
**£**
**822,920**|
|---|---|---|
Page 24
Docusign Envelope ID: 8FBDD453-A377-4772-8089-52BDAC01B07A
## **PAWZ FOR THOUGHT (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025**
## **19. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
474,516
Current assets
349,608
Creditors due within one year
(1,204)
**Total**
822,920
**Analysis of net assets between funds - prior year**
_Unrestricted_
_funds_
_2024_
_£_
Tangible fixed assets
_310,696_
Current assets
_478,299_
Creditors due within one year
_(9,635)_
**Total**
_779,360_|**Total**
**funds**
**2025**
**£**
**474,516**
**349,608**
**(1,204)**
**822,920**
_Total_
_funds_
_2024_
_£_
_310,696_
_478,299_
_(9,635)_
_779,360_|
|---|---|
## **20. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £983 (2024: £nil).
Contributions totalling £191 (2024: £nil) were payable to the fund at the year end.
## **21. Related party transactions**
There have been no related party transactions during the year.
Page 25