The Pets at Home Foundation Financial Statements 53 week period ended 31 March 2022 Ch*rity Number 1104152 ContenÉ5 Page Referen¢e and Administrntive Dethils Report of the Board of Trustees Independ¢ni Auditorfs Re￿rt li Stat¢m¢nt of Financial Activilies 14 Balatkce Sheel 16 Statemeni of Cash Flows 17 Notes to the Financial Statements 18 The Pets at Home Foundation REFERENCE AND ADMINISTRATIVE DETAILS 53 week perlod ended 31 March 2022 Registertd ehari¢¥ n*me The Pets ￿ Home Found*1 Charity registration number 1104152 Registered office *nd operational addre55 Chester House Epsom Avenue S￿le¥ Green Trading E5we Handfonh Wilm51ow Cheshire SK93DF The Bo¥Td of Trusttts Mr A Ba*5 Mr A Bickert Mrs C Curtis Mrs C Gavin (resigned 17th June 2022) Mr D Laurence (resigned ?9 Feiyuyry 2022) Mr G Ling*(KM] Mr5 J Shields Mrs L &onier (reSig￿d 8th June 2022) Auditor Crowe U.K. LLP Regi￿ered Auditors The Lexicon Mount Street Manchesier M? 5NT Bankers Barclays Bank 51 Mosley Str Manchester M? 3HQ The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES 53 week period ended 31 March 2022 Report of the Board of Trustees The Board of Tnjsiees presenttheir report iogetherwith the audit¢d financial statements of The Pets ai Home Foundation. (he 'Chariry'. for ihe 53 week period ended 31 Ma￿h 2022. Objectiles and Activities The Charity was set up wilh a wide range of objectives which would enable the Charity to promote ihe welfare of animals. The Pels ai Home Foundation works alongside Itke minded pajtrers io support pets and Ihe people who love ihem by - pri)moting and encourage ihe re-homing of adovable pets- supporting I￿al animal charities and build community. relationships- encourdging responsible pet oMT)ership. providing iempordry or ongoing as5islan¢e to ensure pets can rematn with owners changing Ihe lives of adults and childr¢n through the provision of an&mla based aciiviiies Public Benefit The I￿￿tee$ confirni thai they have refe￿1 to the 8uidaDce in the Chatity Commission's general guidance on public benefii when reviewing th¢ CharilY'5 1)bjeciives and aim5 and in planning future aciivilies for the year. They consider the Chariry's aims ar¢ ¢learly lo the public benefit. Prineip#l Activities The Pets at Home Foundaiion exists io crea1¢ a b¢tt¢r w'orld for pels and the people who love them. During this year the chariiy focussed doing ihis by,. supponing those in need ihrough our grant progrdmme. finding rescue pe(5 a forever loving home ihrough our adopiion centres and community partners and working with partners lo njake a positive impact in local communiiies. The Charity has coniinued io focus lis aciiviiies on the re-hotning of pet5. lTrroughout (he year, Pets ai Home Group plc ("PeiS * Home") stores plaj'ed a viial role in th¢ Charity'5 work by caring for small pe(s that are looking for a new home or can no longer be IcM)ked after bi, their owners, in dedicated Adoption Centres. These Adoption Ccntre5 feature in over 450 Prfs ￿ Home siores. or those ￿t$ which the Charity do not re-hotne itself. fmancial support is provided ihrough granis and donations to local rescue and re-homing or8anisaiions throughoui the UK who dedica1¢ themselves to rinding n¢w IoviTEg homes for pets. Thousands of pel5 end up homeless in ihe UK every )'ear due to changes in their owners, circumstances. Additional funds are iherefore used 10 educaie rhe public and raise awaTeness in matters p¢rtaining to animal Mclfare in 8£nerdl and in ihe prevention of cNel(y and suffering of animals. Structure. Governance and MaD3getnent Govemin Document -rhe organisalion is constiluied under a thisi deed dared 4 Mar¢h ?O(H a5 arnended 17 Mav 20(H, 13 September 2010. 17 May 2012. 23 Augusi 1017 and ) August 2020 and w'as registered as a charity in England and Wales on 4 June 2004. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES fcontlnued) $3 week period ended 31 March 2022 Strueture, Governance #nd Management (eonliDwed The who s¢rved during the to the d* the rewt approved, and their attendance5 al trustee meeiings durin8 the ￿riod ended 31 March ?0??. we li￿ed below.. Name Try5tet Meeting (￿3> (313) (313) (313> (Y3) (?13) (313) (313) MrA B*es Mr A Bi¢kert(m Mrs C Curtis Mrs C Gavin (resigned 171612022) Mr D Laurence (resigned 29102Q2) Mr G Lingwood Mr5 J Shield5 Mrs L Sionier (resigned 8160￿22) The Trusiees received no remuneration in the period12021: £nil) ftom the Charity for their work. Trusiees ar¢ appoinied for a tenn of years and they must be re-elecled by th¢ TDJStee boml ai the end of this iemi if they wish to rerrjain as a 'fnJsiee. Mr D LauTence resigned as a trusiee from the l*)ard 29 February 2022, Mrs L Stonier resigned as Chair and a Truaee on V June 2022 and Mrs C Gaviti re5i8ned as a tntsiee OD 17th June ?072. All new Trustees receive a copy of the original trust deed 5uppletn¢ntsl &eds a TrKM)kld the Charitv CoTnmission explaining iheir r¢sponsibiliti¢s. New TTusiees a150 receive a session with the Chair lo discus5 their dut1¢5 and the policies in place for managing conflicts oliniere4. Risk Man The Board of Trustees COlJlinuall>' revi¢ws any risk5 10 which the Charity may b¢ exposed through reviewing the risk regisier for ihe charÉty thmu8hout the ye3r. The W is issued wilh the risk- register prior io every board tn¢¢ling lo review. Where nec¢ssary. systems and pri)cedure5 have been ¢S￿b]ished and impl¢menied lo mitigaie the risks as much as possible. This is panicularly relevant lo the risks that the Charity fxes with regards io the awarding or rinancial suppor¢ to rescues whereby funds rould be awarded to a rescue where there are conccrns around the governancelw¢lfare standards of the rescue. To miiigate this risk the charity have a vi5ii woiocol in place for all rescues who apply for funding either through Community. Parther program or throush the graT]t program. A d¢lailed foll(Trw-up process is in place for all succe55fv1 grani applicaiions, someiim¢s including a visit to ihe r¢scue is in place io monitorand evaluaie the use of grdni fund5. in orderto ensure that all fund5 are used within an approWla￿ timescale and for the purpose for which they were awarded. As ¢ovid restrictions remained in place through p*ts of the yw physical vi5ilS to rescue centres could not be fully undenakcn. and where possible vinual vÉsits were carried oui. with more detsiled reference5 and supporting documentsiion requesied io SUFVOrt a funding arglicarion. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (¢ontinugd) 53 week period ended 31 Ma￿h 2022 Strueturt. GoverDance and Man#gement (continued) Or an15ational Structure Th¢ main Ttustee Board tnet three limes over the year for charity Strdiegy and planning meeiings. Given Ongoin￿ restrictions these meetings took place over video conferencing. This Ye￿ (h¢ Founddiion launched our Helping P¢opl¢ Through Pets, prograjnme. Funding requ¢s15 made throu¥h thi5 were pres¢nt¢d io a Trusi¢e 5ubcommiu¢e who met three limes in the year. These meetin¥5 were a150 attended by the Charit). Manager and Grant Funding Coordinator, and also included revi¢wsn8 an>. resclhe funding appli¢alions ov¢r £30,000. Last year ihe rescue sector fed back their appreciatiOE] for the quick turnaround of small fundin&y reqllests niade ihrough our Covid emergency 8fdnt progrdtnme. As a result rescue grants up to the value of £30.000 continued io be delegaied lo the Charity Manager and supporting Charity TeaTn, with d¢¢isions mad¢ every four io six weeks. Whilsl the Trusiees coniinue 10 shape the Foundatioih'5 5trdte8ic dkrection and decide on key policies, day to day managemeni of the Foundalioll been delryaled to the Charity Teatn. Whils( Ihe siraiegic direction and policie5 are decÉded by the Trustee5. the day to day managetn¢nt of the Charity has been delega(ed 10 the Chatity Tealll. Related Parties Although The Pets at Home Foundation (formall> Support Adoption For Pets) is a registered Charity it IS intrinsically linked io Peis ai Home Group plc (-Pels at Hotne") and reliant on the business. The bllsines5 esiablished ihe Chariiy and Pr15 at Home continue5 to 5UPPOrt the Charity exlensiv¢lJ. As th¢ir notninated Lharit>', The Pets ai Humr Foundation (fortnall), Support Adoption For Pets) is all(Trw¢d a¢¢ess t(Tr fundraise wiihin stores. the Support Offices and the two Natiollal DistribulioD Centres and to approach colleagues, suppliers and customers of Pets * Hotlle for 5UPPOrt. including the Vet Group. The main support is ihe ability to be visible in everv Pets at Home store. This is either through the pr¢5enc¢ of an Adoption Centrc, where pets in need of a lovkng hotne are cared for b), P¢ts at Home collea&7U¢5, or the display of promoiional material and involvemenl with undertakkng the Charkty'5 fundraising aclLVlties. "Ihis is criiical lo maintsin and grow the Charity as its largest source of incorne is 8en¢rdted fr(Trm Pets at Home colleagues, cusiomet5 at]d client5. The presence of the Charity within th¢ stor¢s also raises aMar¢ne55 of ihe work of the Charity and the dtfferent initiati%'es which offer 5UPPOrt to re5¢ues and re-homing c¢Dtr¢s. An Adoption Centre ir] atmost all Pets at Hom¢ Stores raises awareness of the re-homing of adoptable peis and increases the opportunity for pets lo fmd a new home. Th¢ pets within the Adoption Centres ar¢ cared for by the Pet5 ai Home store teains. and no ¢harg¢ 15 mad¢ for the time pnd care provided by colleagues. The Charity ￿akeS an annual r]nancial contribulion towards the costs of developing, designingand installin the Adoption Centres. However. Pets at Horn¢ pay for the cosi of ihe upkeep ofthe Centres and the food and bedding required by the p¢t5 thai are living ￿1th1n the Cenires. A charge for Ihese services has been shown within these accounis, ￿'1th a Corresponding dOn￿lOn from Peis ai Home. If any of the pets require veterinary treatment during their 51ay in the AdopEion Centres prior io being re-homed. Ihis is organised by Ihe Pets ai Home colleague, and paid for by Ihe Charity. All pets looking lor a new. home live wiihin Ihe Adoption Centres to avoid confusion with the peis Ihai are for sale. The Charity bEcomes the le¥al owner of the pets, following the ¢ompleiion of ihe documentsiion 10 transfer the O￿ne[shIp io the Charitv. Documenis are completed on¢¢ the pei is adopied by a new owner. a copy of which 15 kept by the Charity. Pets ai Home and also the new owner. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continutrd) 53 week period ended 31 March 2022 S(ructure. Governance and Management (continued) Rel led Parties continued In addition. Pets ai Hom¢ provide the space for the Charity ieam to opcrdte within the Support oifice and also Covets the associated costs including IT equipmeni, siation¢ry aE]d ws(a¥e. The knowledge of key individuals and specaalisi departmenis within the business are also available for the Chariiv to utilise at no charge co the Charir>'. A financial contribution is mad¢ 10 Pets al Home for the support offered by the f￿anCe and accounting ieams for supportÈng the Charity's finance processes. The ¢harity has an external reS0￿￿e io undertake the management of th¢ Charity's f￿3￿¢¢5 and WOTk alongside the Charity Team and Pets at Home finance team. reducing the reliance orE the Finance team within Pet5 at Homc. The Charity has Strtct gutdelincs in place to deal with conflicts of interest between the Charity and Pet% al HoTne. A Commercial Participators Asteemeni wa5 ¢niered into in Y006 when the Charity was established and 15 regularly review¢d 10 refle¢E ihe aciiviiies of both the Charity and Pe15 at Home Group. The Agreement complies with sections 59- 64 of ihe Chariiies Act 1997 and The Charitable Inslilutions (Fund Raising) Regulaiions 1994. llle Twstees have also adopied a relaied party transaction policy which is strictly adhered to. Ur]der this policy, any Tna51ees involved in a ￿laled party iransaction are Ltn&ble io vole on matters which present a heightened risk of conflict or perceived improper valuaiion. The Charity ha5 a dedicated ieam. including a Charity Manager, Fundrnistng Manager, a Grallt Funding Co- ordinator. a Veierinary Welfare Advisor. Communicaiiofts Co-ordinator and a150 a Resclre Relationship Advi50r. Although noi direcily empl￿'ed by ihe Charity, the Tru51ees have delegated reskM)nsibÈlity ofthe care of the peis in their Adoption Centres io the Store Managers and colleagues within Peis ai Home store5. The documentation surrounding the ad￿tIOn ora new w is Teviewed regularly and any amendments or updaies are communicated io all 510res and updaied brIef￿g document5 provided. Store Mat]a&Fers receive regular communication5 on the work of The Pets ai Home Foundation {fortnallv Support Adoplron For Pets) and the Adoption Centres in stores. The Adopiion Centres are Tnoniiored in siore by ihe Field Pei Pdrtners which are elnployed by Pets at Home. The adoption process 15 undertaken through the Pets Ai Home 'P￿ Pad5 lin-slore iPads carying bespoke software u5¢d by Pet5 Ai HotTte ¢ollea8ues). Thi5 has streamlined the adopiion process: allowing customer inforniaiiort t(Tr be entered accurdtely and k¢pi securely. Five of the Trustees of the Charity were a150 employees of Pets at HoTne Group during the period. Mrs L Stonier is the Chief People and Culiure O￿l¢e[, Mr G Lin¥wood is the Director of Distribution and Logistics, Mr A Bates is the Direcior of Supply Chain and Merchandising. Mr5 C Gavin is the Director of Priyaie Brands and Innovation and Mrs C Curtis is Head of Talent for the Vet Group. All other Tru51ees are independent Trustees on the Board. Review of AetiTr'ili¢s This year has been an excÉting year for the charity being the first full )'ear of'The Pets at Home F(Trundation' and establishin¥ the mission of'creating a better world for pets and ihe people ￿h0 love ihem.. This year has se¢n che charity digitally rebrdnd from Suppon Adwion For Pets and also rebtr￿d all adoption cenires and tjoini of sal¢s acr055 all Pets at Home 5tor¢5. Comnjunity and Grnnt funding As part of Ihe rebrdnd the chartty changed the forn)erCharity of ihe Yearprogramme to'community Pattrer Programme, highlighting Ihe imponance of ihe ￿'ork in local communiiies. Workin¥ wtth over 340 organisations across local communiiie5 the progratnme supponed them with over £1.2 million of funding to support th¢ pets withn their car¢. The Pets at Horne Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 53 week period ended 31 March 2022 Community and Grant funding (contÉDued) Ihi5 year the charity has conlinued to work alongside the rescue 5¢Ctor, rrdching out io a controlled group of r¢s¢ucs acr055 the county to deierniine ihe challenges and th¢ trend5 thai were encountering. This feedback allowed the charity lo ensure the needs of the re5¢ue5 were being mei through the various progrdmmes of support. Part of the fttback obiained from the sector over the last >'ear was ihe need for a quick support progrdmtne io help with every day cosis io th¢ rescue5 such as food and vererinarv bi115. Th¢ grant progrdmme for rescues has seen the charity support 70 rescues M'ith over £ l. I million of funding. Thi5 has meant in the last >'ear the charity has suP￿)rted rescues with over£2.3 million through its grani funding nd CoTlltnunity Partner Programme. 'lThe charity recogni5e5 the benefit (hai pets bring io people and a5 part of the rebrand expanded its obj¢¢tives at the beginning of this financial year io io suptKJrt organisations which promoie and nuwr¢ the unique relatlOll5hips pets have wilh ihe people Mho care for ihern. Thi5 has been a huge success for th¢ Foundation over the last year supporting 16 organisations with fvnding of over £537.0(Kb (pledging a further £720,000 over the following two )'ears). An example of oneofihe organisaiions that ihe Charitv h35 supp￿ed ihrough rhis avenue, in F¢b￿ary 2022 the Foundation awarded £75.634 10 the Nalional RSPCA io expand their pei food bank project across the North Wesi (with further £84,21 ? pledged for second }'ear}. these unprecedenied times more people dre unable to afford basic necessiries. and ihe demand f(Trr services from f￿)d banks is ever grom'ing. Many of these families are also per owners. The emotional and psychological benefii of keeping p¢tS With their owmers through uncertain times is widely ackTowledg¢d. Pets are part of ihe family. and no loving ow'ner wants io give up iheir companion, especially during a time of Crisis. The RSPCA Pet Fo(Fd Bank Partt]ership t5 a collaboraiive wo￿1ngpr0Jecl beNeen th¢ RSPCA Inspectorate, RSPCA branches and local food bdnks. I'he project aims to keep pets and their omijers togcther by providing dog and cai food to local f(Trod bdt]ks. which can then be distribuied alongside human f(KKI. RSPCA officers can also refer farnilies in ¢rL515 to their nearest participating food bank. Adoption Centre5 -rhe chartty coniinues io support small animal adoplion across its eentres in over 450 Pets * Hotn¢ stores. -IILiS year the charity launched a sei fee for all small p¢ts leaving their centres inio their loving homes. This change ha5 allowed ihe charir>' io drive a responsible pet ownership message (o all fuiure adopi¢r5. The charity continued to ofter free healih checks for all pets leaving their cenires and neuiering Youchers for any un-neutered rabbit leaving ihe centres. Thank 10 Peis at colleagues whocare for these pets and rehome them to their forever home the chariry rehomed over J5:000 pets. Fundr8i5ing The Pcts at Hom¢ Foundation (foTmallv Supwrt Adopiion For P¢is) sub5cribe% 10 the policies of the Fundrdising Regulator, which ovetsees fundraising aciivity. The Fundrdising Regulaior investigates atld wh¢TC necessary takes appropriaie action in cases of public ¢OnC¢Tn. It links with the FuRdrdising Regulator and the In5titht¢ of Fundraising to improve its standards and ensure ils activities meet the expectaiions of our suptK)rtcrs and the wider public. Full deiails of (he Fundraising Regulator and the codes of our fundrdising prdciice can be found at www.fundraisingregulaior.org.uk. This Charity is licensed by the Gambling Commission for our lottery and raffles. The Charity is particularly a￿.￿ of the necd to proieci and safeguard vulnerdbl¢ iTtdividuals in any of its fundraising. Our vulnerable person's wTrlicy sets oui ihe high sthndards we commil lo me¢t. and the Charity regularly review the policies. procedu￿$ at]d perforniance across our own acrivities. Over the course of ihis financial yrar the Charity dith)'I receive any cornplaints frotn the Fundraising Regulator relating to lis fundrdising. which related io ihe fundraising aciivity undertaken in Pets at Home stores. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 53 week period ended 31 March 2022 Fundrnising {coDtiDued} The Trustees are happy that ihe processes and procedures around data protection and privacy u¢ robust and that they are fair, rranspareni and ihat a supwrter'5 pr¢(eiences ulti¥nately guide the conllnunications they receive and their relationship with ihe organi5ation. Despite the continued challenges of the pandemic. Ihe charity ha5 had one of its Inost successful years, raising over £5 million to support pets and the people who loye them. 'rhe charity held irs summer appeal 'Pedal for Paws, Summer Appeal during which customers could donate in Pet5 at Home sior¢s across the countty. This appeal raised £558.000 throughout the month oljuly. The highlight of the year cam¢ on¢¢ again in the fomi of ihe annual Christma5 S3nia Paws Appeal, Which raised over £2.1 million in the five week Tun up 10 Chrisimas Eve. This )'ear Pels ai Home's Groom Rootn ran a dedicated Christma5 Spa package. Wilh each package sold, £1 w35 donated to the Foundation. Thi5 wa5 a huge success rnising over £22.0(K) for the Foundation. Building on the success of 20? I with the 'Share (he love campaign. this )'ear the Foundation launched a new Valenline s fundraiser for Community parmers across the UK. The furtthai￿r rdD for onc week in Pets at HoTne stores and was a huge success, raising nvarly £150.000. Most of our fvnding corne5 via the Pets ai Home Group. thanks to thc dcdicalion of store teams and the generosity of iheir customers and clienis. The charity would like io ihank all those who have 5UPPOrted the work ihi5 year. Every donation makes a huge difference io and the people who love thern. Plan5 for the Futurt As the charity head5 into the second year as ihe Pets at Home Foundation, the t¢arn and trustees are incredibly excited to See how the expanded remii will impact mole beneficiaries. lo the benefit of p¢ts and people. "Jhe Foundation is a150 keen io follow up with the organisatlOll5 after the r￿St yearof funding to sec how the impact of the grdnt has made a difference to the orsanisalions, ￿rOre, where appli¢8bl¢ releasing pl¢dg¢ funding for year ￿0. Ihis yearthe charity will also launch a new online s)'5tem soorgarjisarions can rnore easily apply for funding from our grani programme. The hope is that (his change will ¥nake the grdnt progrdmm¢ more accessible io those who need our support. and increase grant applications to the programme. This year will see ihe charity trial a new fonnai for the Summer ￿ndraiser, with one na(ional charity benefilling from funds rni5ed acro55 the Pet5 at Home Group. A larg¢ number of chariiies applied 10 be the beneficiary charit). of the Sutnrner fi]ndrdi5ing app¢al: 11Je Foundaiion were really impressed wilh Ihesr commiimeni and enthusiasm for the activities they all Lmdertake. "llje work of the charity Hearing Dogs clearly resonated wkth colleague5 acros5 the Pets ai Home Group who voied io selecE them as our partn for the appeal. Thi5 aFveal will run through th¢ month of July and the charity are keen io see hom thi5 IS received by Pets at Home Group5 Cusiomers and clienis. This year the charity will explore new ways ofworking with Peis ai Home Group to drive regular. alwav5 on income, whereby there isn't always a direci ask of Pets ai Home collea¥ue5 to eÈther give donations or ask for donations. "ITh¢ charity will coniinue io reach oui io the orgat]isalion5 that il supports with f￿anCIal assistance and hold bi annval surveys io tsndersiand Ihe challenge5 thev lace. and how the Foundation is b¢51 placed to 5UPPOrt ihe5e challenges in an efferfive manner. Now that ¢ovid restriciions have eased the charity and Pets ai Home tcams are incredibly exci*d to start welcoming back our community partners into Pets ai Home 51ores. so they can hold fundraising events and ra15e awareness of the work they do in their local communities. We will ¢ontinue to build relaiionships and support peis and ihe people who love them across the UK. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnu8dJ 53 week period ended 31 March 2022 Financial Review 'I'otal incoming resources in the period increased by £l.595.633 to £5.685,114 1?021. £4,089,481). The Increase is due to the impaci the Coronavirus Pandemic had on di)natl(HlS. adoption of animal and fundraising in ?021. Donations income in the peri￿ amounted 10 £4.273.398 {2021.. £3.161.513) and Income from Charitabl¢ Activities rose from £J88,956 10 £805.304. Income received from other trdding activities in th¢ period amounted to £606,068 (2021- £537,163). At the end of the reporting period. toial unre51ricled fund5 were £4.296.5?81?020.. £3.554.779). Restricted funds of £95,853120?0.. £16,850) related io the monq rdi5ed during the RSPCA, Scottish SPCA and Cats Protection fundrdi5ing weekends which have Jei io be donated io the relevanl charity of £4.989 dnd £90.864 from the Charity'5 Ukraine Appeal. "rhe toial funds of ihe charity were £4.392.381 (2021= £3.571.629). This slight increase compared to 20?1 is a resuli of the increase in donation5 beitig larger tban the increase in grants in the year. The charity continue5 to hold Cath reserves of £4.343.863 {2021.' £3.517.166). Princi al Fundin Sources The principal funding Sources for the Charity are: donaiions for peis via the adoplion scheme. fLtndraisin8 actlVilie5 withir] Pets at Home sior¢5. VderinaTh Surgeries. Support O￿lre and Di5ttibution Centres. This year Saw aE] increase in fundraising from individuals through virtual evcD15, merchandise sale5 of face coverings and on-line donation5 via Pets at Home websiie. Goift concern The charity reported a surplu5 of £820,852, a cash inflow of £826.697 for the year and hold cash reserves of £4.343.863. The budget5 have been prepared for the nexi iwo )'ears. and are coniinually reviewed by the team and the trustee board. The trust¢¢s have assessed the risks io Ihe charity as we Cotne out of the Coronaviru5 crisis and the current cosi of living Crisis and ihe impaci Ihis may have oll anitnal rescltes and re-homing organi5ations. As a grani giving charity. the charti). would be able to 5l8nificanilv reduce it5 expenditure in the event of a signifi¢ani fall in income. Therefore. the trustee5 are confideni ihat the charity has sufficrent fmancial resources lo coniinue as a going concem for the foreseeable futt￿e. Financial Review FinancÉal Su rt to rescues and i chariiies Granr-Alaking Poliry Fullding 15 awarded in line wilh the 'Grani Funding Criterka. docurnenl, although Trustees can us¢ ih¢ir discretion to aw'ard funds outside of ihese guidelines if thry deem li appropriate. The fijnding Criteria is review¢d on a regular basis and recommendations ¥nade to the Trusi¢¢s for approval. Folloming onfirniati¢)n of the criteria they are made publicly availableon the websile and communicated to all rescues. All applicaiions are subject io a follow up and evaluation process to ensure that grant5 are used for the Pur￿se for which they were awarded. (rrunls A total of 70 granis were aawardtd to the rescue sector, fwiding over £1. I million. Thi5 compared io ihe 2021 programme which suprA)rt¢d ?00 grdnts (Trf£970,000. This change in ihe volume is due io the fact that Ihe 2021 programme contained an emergency suppon programme ai the beginning of the covid pat]demic. In addition the charity has 5LlPPOrted 16 pets and people chariiies funding over £537.000 ar]d pledgiTr¥ a further £720,000 which i5 held in a separate designaied fund with unrestricted re5etves. The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 53 week period ended 31 March 2022 Fina￿Cial Review (Continued) Financa I Su ort to rescues and i chariiies coniinued Communiry Poriner Programme (formerly known as Churity ofthe Yearscheme) This support progrdm has conrinued ro prove a very effedive way of working with charitie5, allowing an or¥ani5ation and 510re io work in collaboraiion io deliver not only funds for the rescues but also raise awaren¢$5 in the local community. of Ihe rescue and ihe pets in iheir care. This vear we hav¢ supportcd over 340 orgat]isation5 with over £1 ? million of donations from the Summer. Santa Paws and Valentines fundraiser5 in 5tor¢s. Investment P li The aiTll 15 for m051 of ihe Charity's fiknds ￿ be spent in the short ierni so there ar¢ few fvnds for long teTm investment. Funds in excess of those required forday-1041ay cash flow are held in a flexible inierest-b¢aring current account Reserves P li The TTU51ee5 regularly review ihe reserves policv. The ￿lICY states thai the Charity will hold general re5erve5 sufficient ¢0 cover approximaiely l? months of running costs including administraiive Costs, neuterinLT vouchers and adopiion pets upkeep and vd bills. Based on the ?O??_23 budget, this 15 estimated to be £1.3m. The reserve policy will be reviewed every 3 years or earlier kf ther¢ is a change to the charity'5 A5 at the year end the charity has unresificied ¥enerdl re5eTve5 of £i.576.?90 ¢x¢luding designated funds. B}. reintroducing the grdnt programme wheiebv rescue5 car] reque51 funding for a wide rangye of purposes, and the broadening of our objeciives to SUp￿rt org3lli5ati(Trns who help p¢opl¢ through a pel the Charity aniicipa(e using these re5etv¢s. Statement ofTru5tee5' RespoDsibilities The Charity's accounts have been prepared in accordance with the S￿lemen1 of Recommended Praciice applicable lo charities preparino their ac¢owils ID accordance with ihe Financial Reporting Siandard applicable the UK and Republic of Ireland {PRS 10?) {etTeciive l Januarv 70151, and with United Kingdom Generdlly Accepted Accouniing Praciice (Uniied Kingdom Accountin¥ Stsndards and applicable lawl. Law applicable to charities in England. Wales and Scotland requires the TTuslees to prepare financial statements for ea¢h financial year which give a true and fair view of the Charity's f￿ancial aciivities dllring the }'¢ar and of lis financial posiiion ai the end of the year. In preparing these finan¢i81 staE¢ments, the 'I'wslees are required to.. select suitable accounttng polici¢s and then apply them consisiently. make judgemenis and esiimaies thai are rtrdsonable and prudent,. prepare the financial siaiemenis on Ihe going concern bagis unless li is inappropriate to presume that the Charit). M'ill coniinue in operdiion The Truslee5 are responsible forkeeping properaccouniing ￿e0rd$WhiCh disc105e with reasonable accuracy al any tinie the financial posiiion of the Charity and which enable them ioensuie that the financial STat¢ments omply with the Charities Aci ?01 l. The Trusiees are also responsible for safeguarding the assets of the Chority and hence for tskin¥ reasonable steps for the prev¢ntion and detection of fraud and other irregularities. ## **The Pets at Home Foundation** ## **REPORT OF THE BOARD OF TRUSTEES** _**(continued)**_ **53 period ended 31 March 2022** ## **Statement of Trustees' Responsibilities (continued)** In so far as the Trustees are aware: there is no relevant audit information of which the Charity's auditor is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. _**d c]**_ **Mr A Vice-chair** 14 June 2022 The Pets at Home Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (FORMALLY SUPPORT ADOPTION FOR PETS) 53 week period ended 31 March 2022 Opinion We have audited the financial slaletnen15 of The Pets at Hom¢ Foundation I'the charitv,) for the 53 weeks ended 3 1 March ?022 which comprise the Siatetnent of Financial Activiiies, the Balance Sheet. the Statement of Cash Flows and not¢5 to the f]nancial stat¢menis, in¢luding significani accouniing policie5. "the financial reporting framework that has been applied in their pr¢pardtion 15 applicable law and United Kingdom Accouniing Siandard5. including Financial Reporting Srondard 10? The Financial Reportin¥ Standard applicable in the UK and Republic of ireland (Uniied Kingdom Generally Accepted Accountir]g Praciice). In our opinion the fujancial 51atements- give a irue and fair view of the stale of the charity's affairs a5 at 31 March 2022 and of its income and expendi(ure. for the ￿riod then ended: have been properly prepared in accordance with United Kingdom Gen¢rdlly Ac¢epted Accounting Practice: pnd have been prepared tn accordance with the requirements of the Charitie5 Act 2011. Basis for OPÉDIOD We conducred our audii in accordance with International Sthndard5 on Auditing (UK) (ISAS (UK)) and applicable law. Our respon5ibilitie5 under those standards ar¢ further described in (he Audiior's responsibilities for the audit of the fLiiancLal 51atemenis section of our repon. We are independeni of the chariry in accordance with the ethical requirements that are relevani io our audii ofihe financial staiemenis in ihe UK, including the FRC'S Eihical Standard, and we have fulfill¢d our other ethical responsibilitles in accordance wiih these requirements. We believe that the audit evidence we have Ob￿[ned is sufficient and appropriaie io provide a basis for our opinion. Conclusions rel8¢ing to going conctrn In audiiing the finaTtcial Statements. M'e have concluded thai the trusiee's use of ihe goin8 concern basis of accounting in the prepardtion of the fmancial staiements is appropriate. Based on the work w¢ have perfornied. we have noi identified any material uncertainties relating to events or conditions that, individually or collectively, ma!. cast 5ignificat]t doubt oll the charÉty's ability to continue as a going concern for a Peric￿ of ai least twelve months from when the financial siatements are authorised for issue. Our responsibilities and the respon5Ébilitie5 of the tnEsiees with respeci io going concem are described in Ihe relevanL seciion5 of this report- Other informa¢io The trustees are responsibl¢ for the other inforniaiion conthined within ihc atmual report. The other information cotnpri5es the infomiation included in the annual report. other than the financial slatern¢nt5 and our auditor'5 r¢pon ihereon. Our opinion on the f￿ancial 51atements doe5 not cover the other infornjation and, exc¢pt io the exieni otherwise expliciily stsied in our report, we do not express any forn] of a55urance conclusion ihereon. Our responsibility i5 to rvdd the oth¢r inlormalion and ID doing so. consider wheiher the other infomiation is materially it]COllSi5tent with the financial sthiemenis or our knowledge obtsined in the audit or otherwi5¢ appear5 to be materially misslaled. Ifwe ideniify such maierial inconsistencies or appatellt material tnis5taternents, we are required io detemiine wheiher this gives rise to a material mi551atement in the rinatjcral statements thetnselv¢s. If. based on the wo￿. we have perfom)ed. we conclude that there 15 a aterial ¥ni55tatemettt (Trf this oiher inforniaiion. we are required io report that fact. We have no(hiny to rewrt in this regard. 11 The Pets at Home Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (CONTINUED) 53 week period ended 31 March 2022 Matter5 ON Tryhich we aT¢ required to report by exctplio We have vothing io report in respeci of ihe following matter5 in relation to which the Chariiies (Accounts and Rep(Trns) Regulaiions ?008 requires us to report to }'ou if, in ¢)ur opinion: the infortnation given in the fwancial Maiements is inconsistent any ￿aterial r¢sp¢ct with the tru51ee5' report: or sufficient and proper accounting records have noi been kepi by the charity" or Ihe fmancial s￿leMentS are not in agreemeni with the accounting records and returns- or we have not received all the inforniation and explanations we require for i)ur audit. Responsibilities of trustees As explained more full}. in ihe trusiees. responsibiliiies 51alemer]t Set out on page 9-10, the trustees are responsible for the prepardiion of ihe financial ststcments ar]d for being satisfied that th¢y give a true and fair view. and for such internal control as ihe iwsiees deierniine is necessary to enable the preparation of financial statements that are free from maierial missiaiement. M'hether due to frdud or e￿or. In preparing the financial siaiemenis, the tru5tee5 are responsibl¢ for a5s¢ssing the charity's ability to continue a5 a going ¢oncem, disclosing. a5 applicable. mart¢rs relaied io going concern and u5ill8 (he going con¢¢rn basi5 of accounting unle55 the trustees eith¢r ￿tend io liquidate the charity or io cea5E operations, or have no realisiic altertjative but to do so. Auditor's responsibililie5 for the audi¢ ofihe financial statements We have been appointed as audiior under 5CCtion 151 of the Charities Ad 2011. and report in accordance with the Act5 and r¢levani regula(ions made or havin8 effect therewider. Our objeciives are lo obtain rvdsonable assurance a￿ul whether the fll)aneial siaiements as a whole are free fiom malcrial tlli55tatement. ￿'hether due 10 fraud or error. and io issue an auditor's report that includes our opinion. Reasonable as5uranc¢ is a high level of assurance. bui is noi a ¥uardlliee thal an audit conducied in accordance with ISAS (UK) will alwa)'s deieci a maierial misststemeni when il exists. Missialemenis can arise from frdud or error and are considered maierial if. indivkdually or in the aggregate. they could Ivd50nably b¢ ¢xpeffled io influence the economic decisions of user5 taken on the basis of Ihe5e flllancial 5tatemeTris. DeLaÈls of the extent io which Ihe audii was considered capable of detecting irregulariiies. including fraud and non-compliance wilh laws and resulalion5 are Set out belo￿. A further descripiion of our restM)nsibiliti¢s for the audii of the f￿ancial sthiements is located on the Financial Reportin¥ Council's w¢bsile at- www.frc.org.uklaudiiorsre4)onsibiliiies. This description forms pan of our auditor's report. Exlenl to which the audit was eonsldtred capable of d¢tecting irregul8ritie5. including fraud Irregulariries. including frau(t are t115tances of non-compliance wilh laws and regulations. W¢ identifked and assessed the risks of material Tnisstaiemeni of the financial siaiemenis from irregularities, whcth¢r due io frdud or error, and di5CU$5¢d ihese beD4'een our audit ieam members. We then designed and p¢rfornied audit procedure5 r¢stx)nsive io those risks. including obtaining audit evidence sufficient and appropriate io provide a basis for our opinion. We obrained an understanding of the legal and regulatory framework-s within which ihe chartty operates, focusing on those laws and regulations that hav¢ a dir¢ct effeci on ihe deierniinaiion of material amounts nd disclosures in ihe financial SiateTnents. The laws and regulaiions considered in ihi5 context were the Chariries Aci 2011 to¥ether with the Charirie5 SORP {FRS 1021. We assessed ihe required compliance with ihese laws and regulatlOll5 a5 part of our audii procedures on the relaied financial 5taternent iiems. 12- **The Pets at Home Foundation** ## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (CONTINUED)** ## **53 week period ended 31 March 2022** ## **Extent to which the audit was considered capable of detecting irregularities, including fraud ( continued)** In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. The laws and regulations we considered in this context for the UK operations were the Fundraising Regulations and the Gambling Commission Regulations. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with governance. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations. ## **Use of our report** This report is made solely to the charity's trustees, as a body, in accordance with Part 4 oftbe Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. Crowe U.K. LLP Statutory Auditor The Lexicon Mount Street Manchester M25NT 26 August 2022 - 13 - The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 53 week period ended 31 March 2022 Total Funds 2022 Total Funds 2021 Restricled Unrestricted Funds Funds INCOMING RESORCES Income and endowmeDts from: Donations and legacies Income from oihcr trdding activtties Income from charitable activities Inv¢sim¢nt income 90,8 24,555 4,182,534 581,513 805,304 343 4273 J98 606,068 805J04 343 3,161,513 537,163 388,956 1,849 Total in¢om¢ 115.419 5.569,695 5.685,114 4,089,481 RESOURCES EXPENDED Expellditure OD: Costs of rdising funds Expenditure on charitable aciivities 433.018 4.394.928 433,018 4,431 J44 342,842 3,580,678 36.416 Total expenditure 36,416 4,827,946 4.864J62 3,923,520 Net Income gnd movemellt or ruDds for tbe year 79,003 741,749 820,752 165,961 RECONCILIATION OF FUNDS Total funds brought fonvard 16.850 3,554.779 3571,629 3.405,668 Total fuDds ￿rried forward 16 95,853 4.296,528 4J92J81 3,571,629 Ihe Staiemeni of Financial Activities includes all gains and losses iti the period and therefore a sratement of totsl recognised gains and losses h&5 noi been prepared. All of the above amounts relate to ¢oniinuing activities. The noies on pages 18 to 29 lorm part of ihese f￿anCial $￿e[nents. 14- The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 53 week period ended 31 March 2022 Restricted Unrestricted TotAI Funds Funds Funds 2021 Nots INCOMING RESORCES Income and endowments from: Donations and legacies Income from other trading actTI'it1¢5 Income from iharitsblc activitie5 Inv¢slment income 58,112 20,169 3,103.401 516,994 388,956 1,849 3,161,513 537,163 3118,956 1,849 Total income 78,281 4.011,200 4,089,481 RE￿l0vRcES EXPEiYDED Expenditure on: Costs of raising funds Expenditure on charitable activities 342,842 3.510,150 342,842 3.580,678 70,528 Total expenditure 70.528 3,852,992 3,923,520 Iyet Income and mol'ement orrunds for the year 7.753 158,208 165,961 RECONCILIATION OF FUNDS Total funds brought forw'ard 9.097 3.396.571 3,405,668 Total funds carried fonyard 16 16,850 3,554.779 3,571,629 15- ## **The Pets at Home Foundation** ## **BALANCE SHEET** ## **53 week period ended 31 March 2022** |||**2022**|2021| |---|---|---|---| ||**Note**|**£**|**£**| |**CURRENT ASSETS**|||| |Debtors|**13**|207,526|201,122| |Cash at bank and in hand||4,343,863|3,517,166| ||||--| |||4,551,389|3,718,288| |**CURRENT LIABILITIES**|||| |Creditors: Amounts falling due within one year|**14**|159,008|146,659| ||||--| |**NET CURRENT ASSETS**||4,392,381|3,571,629| ||||�-| |**TOT AL ASSETS LESS CURRENT LIABILITIES**||4,392,381|3,571,629| |**FUNDS OF THE CHARITY**|||| |Unrestricted income fnds|**15, 16**|4,296,528|3,554,779| |Restricted income funds|**15, 16**|95,853|16,850| |**TOTAL FUNDS**||4,392,381|3,571,629| The notes on pages 18 to 29 form part of these financial statements. These financial statements were approved by the Board of Trustees on 14 June 2022 and are signed on their behalf by: Q[(] **Mr A Bates Vice-chair** - 16 - The Pets at Home Foundation STATEMENT OF CASH FLOWS 53 week period ended 31 March 2022 2022 2021 Ca5b flows from operating activities: Net cash proi'ided by operaiing activitie5 Cgsh flow from investing activities: Bank interest income 826,354 522,861 343 1.849 Change in cash & cash equivalents in the reporting period Cash & cash equivalents at the beginning of the reporting pcriod 826.697 524,710 3,517,166 2,992,456 Cash & cash equivalents gt the end of ihe reporting period 4.343,863 3,517.166 Reconciliation of Det movement in funds ¢0 ne¢ cash flow from operating activitie5 2022 2021 Net incomc for the rew)rting period AdjustmeDts lor: (Increase)Idecreasein debtors Increasel(decreas¢) in Creditors Bank interest income 820,752 165,961 (6,404) 12,349 (343) 426,959 (68.210) (1.849) Nel cash providcd by operdling activities 826.354 522,861 ADalysiy of cash & cash equivalents 2022 2021 Cash in hand 4.343,863 3,517.166 Reconciliation of net debt 2021 Cashflow 2022 Cash in hand and ai bank 3.517,166 826,697 4.343.863 All amounts relate to wnlinuing aciivitie5. The nol¢s on pages 18 to 29 forni pan of these financial siatemenls. 17- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEPIIENTS 53 week period ended 31 March 2022 Accounting Poli¢ies Ba515 ofAccounting These [￿anCial staiements have been prepared under the hisiorical cost convention with iiems recognised ai cosi or transaction value unless otherwise slated in the relevani noies io these accounts. The financial statements have been Prepar￿ in ￿cordanCe with the Statement of R￿0￿mended Practice.. Accounting and Reponing by Charities preparing iheir accounts in accordance with the Financial Reponing Standard applicable in the UK and Republic of Ireland IFRS 10?) issued in January ?019. Accounting reference d&¢e The financial 5tatem¢nis of the charity are prepared 10 the Thursday neate5l to 31 March. Accordingly. these financial siatemenis have been prepared for the 53 weeks ended 31 March 2022 (2021- 52 weeks ended 25 Mawh 70211. Prep8r*tioR of the aectsunls on a going concerts b8515 The charity reported a surplus of £8?0,852, a cash inflow of £8?6,697 for the year and hold cash reserve5 of £4,343.863. The budgets have been prepared for the next ￿,0 years. and are continually reviewed by th¢ team and ihe mjsiee board. The tru51ees have assessed the risks to the charity as we come out of the Cory>navirus crisis and the CUTrent cost of living crisis and the itnpact this may have on an]￿al ie5cue5 and re-homing oiganisaiions. A5 a grdnt giving charity. the chariry would be able io significantly reduce its expenditure in rhe eveni of a 5ignificani fall in incoTne. Therefore. th¢ trusiees are confident that the charity has sutTicieni financial re50urc¢s to coniinue as a 8oin8 concern lor the foreseeable future. Income and Endowments All income is included in the Staterneni of Financial Activitie5 wh¢n', the Charity is eniiiled to the resources: Ihe charity becomes eniiiled to the resources; and the monetary value can be measurcd with sU￿1cient reliability. The following specific policies are applied to particular caiegories of incomE.' Donaiions and legacie5 are received through donations and gifts and are included. in full, in ihe Siaiement of Financial Aciiviiies. when receivable. Donated servic¢s and facilities are included in the SOFA when received ai the value of the gift to (he charity provrd¢d the value of the gift can be m¢asured reliably. Donated services and faciliiies thai are consutned immediaiely are reeogni5ed as income with an equivalent aEnount recognised a5 an expense under the appropriate heading ir] the SOFA. The value of 5¢rvices provided by voluntttr5 has nol been included in these accounts. Donated goods are measured at fair value {the amouni for which the asset could be exchanged) unless imprdciical io do so. Income from chariiable trading activity is a¢counied for when earned. Gift Aid receiydble is included in income when ihere i5 a valid declaration from the donor. Any Gift Aid amouni recovered on a donaiion is considered to ￿ part of that gift ajid is treated as an additEon to ihe same fund as the initial donaiion unless the donor or the Lenns of the appeal have 5p¢cified oihetivise. 18- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS fcontinued) 53 week period ended 31 March 2022 Accounting Policies (¢ontinued) Resource5 Expended Expendiiure is recognised where li is more likely than not that ther¢ is 4 legal or con5m]ctive obligation ommitting ihe charity to pay oui resources and the amount of the obligation can be m¢asured with reasonable certainty. E.¥pendirure on raising funds comprises Costs incurred io generdte voluntary inrom¢ and cost of goods sold as w of fundrdising irdding. Expenditure on charitable activiiies comprises those costs incurred by the Charity in the delivery of its aciiviiies and services 10 ils beneficiaries. It includes both costs that tran be allocated directly io such aciivities and ihose costs of an indirect naiute whith are necessary to 5UPPOrt theTn. It also includes governance costs which comprise audit fees. Gambling Comrni55LOll fec5. bank charge5 and Trustee expenses. During the year the charity reclassified some of its expenditure bettveen expenditure on raising funds and expendiiures on charithle aciiviiies. Subsequently h&$ re5tatcd its prior y¢ar comparaiives. Where ihe chariiy gives a wani with Conditions for its payment being a 5pecifio level of service or outpul lo be provided. such granis are only recosnised in the SOFA once the recipient of the granl has provided the specified ￿rVICe or ouipul. Where there are no condilions attaching to ihe grant thai enables the donor charity 10 realisitcally avoid the eommitmenl a liability for the fvll funding obligaiion musi be recognised. AllocatlOD of support costs SupEXIrt C0515 are those funclions that a5SiSt the work of the charity bui do direcily undettske chariiable aclivitie5. Support C051s includ¢ back offtce CO5￿. finance. sthff cosis and govemance cosis w.hich support the Charity'5 activitie5. These Costs have been allocated bel￿eell cosi of raisin¥ funds and expertdiiure on charitable activitL¢S. The bases on which suppon costs have been allocaied are sd out in note 7. Cash #t bank aTrd in hand Cash ai bank and cash in hand in¢lud¢s ¢ash and shon iemi highly liquid invesimenis wilh a Short maturity of three months or less from the dale of acquisiiion or owiing of the deposit or sirnilar account. Creditors and provisions Creditors and provisions ar¢ r¢oogniKd H'here the chariEy has a preseni obligation resuliing from a pasi event that will probably r¢sult in the transfer of ￿ndS ro a third pany and the amoun( due io settle the obligation ¢an b¢ m¢asured or esiimaied ￿lIablY. Crediiors and provisions are nornially recogni5ed at their settlement amount after allowing for any Trde discounts due. 19- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 53 week period ended 31 March 2022 AccountlDg Policies (continued) Fulld AccountRDg Unrestricted funds are available for u5¢, ai the discretion of the Trusiee5, in funherdnce of the gen¢rdl objectives of the Charity. De5ignaied fwids are unrestricted fund5 of the charity ￿h1¢h the trustee5 have decided ai their discretion to set aside 10 use for a specific purpose. Restricied funds are donations which the donor has specified ate to be solely used for particular areas of the Charity's wotl( or for sp¢¢ifi projects being undertaken by the Charity. Taxation As a Charity. The Peis at Home FoUnd￿10n (fortnally Support Adoption For Pets) is exempt from i&x on income and gains falling within Part I I Cotporaiion TLX Act ?010 or s?56 of Ihe Taxation of Charg¢able Gains Aci 199? io ihe extent that these are applied to its charitable obj¢cis. No t&x charges have 8ri5¢n in the Charity. The Charity is regisiered for Valu¢ Added Tax (VAT). As a result of this, input became recoverable on tLxabl¢ PUTtha5es and Ouwui tsx l*came chargeable on sale5 of tsxable goods. Critical accounting judgements and kry source5 ofestlrn8tion uncertatnty In the application of the eniit) s accounitng plici¢5 which are described on pages 18 10 20. Ihe Trusiees are required io mak¢ judgments. esiimaies and as5umpiions atrmyui ihe carrying valLEe of assets and liabiliiies that are noi readily apparenE fri)m other sourc¢s. The esiimaies and underlying assumptions are based on hisiorital experience and other factors that are considered io be relevant. Actual results may diifer from Ihese estimate5. The estimates and underlying assumpiions are reviewed on an on-going basis. Revisions 10 accounting esiimat¢5 are r¢cognised in the period in which Ihe esiimaie is revised if the revision affecis only thai period ur in the period of the revision and lulure period5 if the revision affecis the curreni and futhre periods. In the vieiv of the Trusiees. no as5umpt10115 concerning the fuiure or esiirnaÉion uncertainty affecting assets and liabili¢ie5 at Ihe balance sheet date are likely io result in a Tnaterial ailju5tmeni 10 their carrying atnount5 in ihc nexi financial year. Donations and legacies Restricted FyDds 21122 Unrestricted FuDd5 Tot81 Fund5 2D22 2022 Donation in Pcts at Home stores. Support oirt¢e and National DÈ5triburion Centres VIP Lifelin¢ income from Pets at Home Store Space, food and beddkng donaiions for adoption animals Online donaiions 2.975.057 722.799 2.975.057 722,799 375.527 109.151 375,5?7 200,015 90.864 90.864 4.182,534 4,273.398 -20- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continugdj 53 week period ended 31 Ma￿h 2022 Donations and legacies (CODtinued Restrlcted Funds 2021 Unrestrlcted Funds 21121 Total Funds 2021 Donaiion in Peis ai Home siores. Support office and Naiional Distribution Centres Siore space. fLM)d and bedding donations for adopiion animals Online donations 58.112 2,506,306 2,564,418 358,297 238,798 358,297 238,798 58,112 3,103,401 3,161,513 Other ¢r3diDg activities R¢51ricted Funds 2022 Unrestricted Funds 2022 Total Funds 2022 Contribution from 5ale5 of merchandise in Pets ai Home store5 Lottery income 24.555 375,061 206,452 399,616 206.452 24,555 581,513 606,068 Restricted Funds 2021 Unrestritted Fund5 2021 Tot81 Funds 2021 Contribution from sales of M¢￿h3nd15¢ in Pets at Home st0re5 Lottery income 20,169 378 745 398,414 138.749 138.749 20.169 516,994 537.163 Income from Charitable Aeiivities 2022 2021 Donations rcceivcd for adoption animals Gift aid on donations 798.704 6.601 350,275 38.681 805,304 388,956 The income is all unrestricted 21 The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 53 week period ended 31 March 2022 Expenditure on rni5ing fund5 2022 2021 Lottery prizes Lottery costs C051 of good5 501d MaTk'eiing at]d promotaon costs her fundrdi5ing costs Fundrdising governance costs 84,374 61,000 11,325 164.785 92,966 10,958 2.308 183.405 140,249 10,462 2,298 433.018 342.842 Anal>'5is Exp¢Ddi¢ure on charitable gctivilies Iyote Gr8llt giiing aclii'Èties Adoption ¢¢ntre costs 2022 Grants and financial support Neutering voucher5 C05t of upLeep of Adoption antmals Vet bills for Adoption animals Lic¢ncing costs Support costs Governance costs 2,977,787 2,977,787 71.701 375,527 134.61) 2,350 854,485 14,882 71.701 375.527 lj4,61? 569.657 9.921 284,828 4,961 3.557,365 873.979 4.431.344 Grdni in the yrar includes £36.416 was restricied (2071= £70.528) and £2,941.371 was unttstricted12021= £2.506,206). Gr8Dt gii'ing 8ctivities Adoption eentre e05t5 2021 Grants (see n￿e 8) Neuiering vouchers Cosi of upkeep of Adoption antmals Vei bills for Adopiion animals Support cost515ee noie 7) Governance cosis (see n￿e 7) 2.576.734 2,576,734 91,503 358.297 116.485 415.074 22,585 91,503 358.297 116.485 138.358 7,528 ?76,716 15,057 2.868.507 712,171 3,580.678 -22- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS fcontlnuedj 53 week period ended 31 March 2022 Analysis of governallee and supptrrt Costs General Governance sllpport costs 2022 Wage5 and expenses Marketing and promotion Costs Websiie maintenance and developmen¢ Accounthncy Generdl expenses Restructuring cost5 Audit fee5 Bank fce5 3?6,611 55,812 70,013 21,258 4.877 375.964 326.61 55.812 70.013 21.258 4,827 375,964 11.321 3,561 11.321 3.561 854.485 869,367 Suppon Costs and governance cost are allocated to charitable expendature ba5¢d on colleague time. This has been esrimaied as two third5 OTI grdllt project and One third ¢)n adoption centres Gen¢r41 Governance sllpport costs 2021 Wages and expenses Marketing and proTnolion Co￿5 Web5Lte maintenance and developmeni Accountancy General expenses Legal fees Audii fees Bank fees 790.013 83.783 16,148 21.475 3.655 290,013 83,783 16,148 21,475 3,655 10.550 10.200 1,835 10,550 10.2LK) 1.835 415.074 22,585 437,659 Analysi5 of Grants aTrd Finaneial Support 2022 2021 Grant Progrdmme .Pet5 Grant ProgrJmTne-People Charity of the year pamership Weekend evenis (Resmcied) Share the Love campaign 1.124,134 5)7,057 1,280,180 36.416 970,013 980,193 70.528 556.000 2,977,787 2,576,734 -23- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 53 week period ended 31 March 2022 ADsl)'5is of Grxnts and Financial s￿pptrrt over £10,000 (unrestricted unless specified) Grant$ and Financial Supporl ¢0 institutions 2022 2021 Birmingham Dogs Home RSPCA (of which £2,0711?021- £36.192)is restricted) Dogs For Good Border5 Pet Re5¢ue Cais Proieciion (of which £33.915 (2021= £15,(K)l ) is restricied) 247.679 193,077 99.296 97.604 96.471 55.708 54.622 51,944 41.8?8 41,61M) 37,167 35.616 30.750 30,000 30.000 17.484 434,714 3,055 191,007 Canine Partners Bleakholt Animal Sanctuary Support t)ogs New Start Cal Re￿uc Dogs For Auiism Horseworld Trust Assisi Animal Sanctuary Woodland5 Animal Sanctuary Dog Assistance In Disability (Dog AID) Give a t)og a Bone AppledOW￿ Rescue and Rehoming Kennels M&xi's Male5 Cat Concern Hudder5fLeld Ferdl Strays Cat Watch Rescue Shelter Circle5 Network Paws lor Kid￿EndeavOUr Project Bristol DA WG Rayslede Centre for Animal Welfare LeiLe51ei Animal Aid Linbce Dog Rehoming Animals in Need Street Paws Seeing Dogs Alliance Horse Sense Wirral Boxer Welfare Scotland Trust Oak "fre¢s' Animal Charity Bliss Cavalier Re5¢ue The Pettifor TtUSt The Hugs Foundation Strength and Learning Through Horses Refuge4Peis Teckels Animal Sanciuary & Boarding Brisiol and Wales Cat Rescue Crossketman Lane Animal Sanctuary S¢ottish SPCA (of which £430 (2021= £19,334) is r¢51ricted) Cai Aclion Trust Lwjark & Cenwdl Fife Cai Shelier 9.331 14,046 15.993 27.0(Kl 26,944 10.898 5,869 26,0 25,250 24,737 23,336 23,310 5.197 3.000 14.284 11,106 22.381 21,837 20.540 20.000 16.914 16,258 16,075 16.0(Kl 16,000 15,837 15,600 15,500 15.750 15,000 13.413 12.161 11.219 15,000 18.351 5,000 8.624 8,421 19.702 4,000 5,000 51,520 4,840 3.187 -24- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 53 week period ended 31 March 2022 9 AD31y515 of Grants and Financial Support oTr'er £IO.OOD (unrestricted UDle55 Specified) (continued) Grants and Financial Support to in5titut10115 2022 2021 Dogs Tnjsi H¢¢torf5 Greyhound Re%ue London Inner City Kitties Gr¢yhound TTUSt Naiional Animal Welfare Trust Next Chapter Animal Rescue Blue Cros5 Lothian Cat Rescue Garbo's German Shepherd Dog Rescue Tails Animal Re5fU Greyhound Gap Stra>. Aid Ltd Pennine Pen Animal Rescue J¢ry Green Dog Rescue SHAK (Safe Hoffle5 And KindtLe5s) The Animal House Rescue K9 Foclts Hope Rescue Bristol Dog Aciion Welfare Group Notts and Yorkshire B(Trx¢r Re￿u¢ All Animal Rescue M￿1,5 Mates Greyhound Rescue Wal¢s Almosi Home Dog Rescue Staffie and stray rescue STnall Pet Rescue Centre Benvardin Animal Rescue Kennels Little Paws Ferr¢l Rescue Last Chance Hoiel Animal Rescue Cymru Llue5t Horse and Pony Tru Saint5 Sled Dog Rescue Ferne Animal Sanciuary Remus Memorial Horse Sanciuary 8 Below Husky Re5CU¢ Scottish Exoiic Animal Rescue Almost Home Animal Rescue Nl Lincs Ark Redditch Cat Rescue Three Couniies Dog Rescue Grdnt5 and donaiions < £10,000 10,537 10.000 10.000 5.000 5,000 48.984 6.841 24,147 22.823 19.318 18.705 17,253 16.928 14,915 14.344 14.221 13.434 13.316 13,137 13.014 12,954 12.586 12,53? 12,414 12.250 12,094 11.637 11.452 11,359 11,000 10.661 10,546 10.263 10.248 10,207 10,116 10.000 10,000 i 0,000 1,141,361 1264,916 2,977.787 ? 576,734 -25- The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 53 week period ended 31 March 2022 10 Colleague Costs and Etholuments 'The Charity i5 matEaged by 6 full tinje and I part time colleagues (2021.. 4 full time and I part lime) all of whom are emplove¢s of Pets at Hotne and were seconded io ihe charity during th¢ period. Salary costs for these admini5trdlors. who work- exclusiv¢ly for ihe Charity. are paid by Pers ai Hotne and recharged 10 the Charity. The costs are disc105