The Pets at Home Foundation Financial Statements 52 week period ended 30 March 2023 Charity Number 1104152
Contents Page Referen¢¢ and Administrdtive Detsils Report of the Board of Trustees Independent Auditorfs Report li Statement of Financial Activities 14 Balance She¢t 16 Statement of Cash Flows 17 Notes to the Financial Statements 18
The Pets at Home Foundation REFERENCE AND ADMINISTRATIVE DETAILS 52 week period ended 30 March 2023 Registered ebarity The Pets at Home FoundatiQD Charlty registration number 1104152 Registered office and operational address Chester House Epsom A Yellue Stanley Green Ttading E51ate Handforth Wiimslow Cheshire SK9 3DF The Board ofTru5tttS Mr A Bates Mr A Bickerton Mrs C Curtt5 Mrs C Gavin (resign¢d 17th June 2022) Mr R Kent (re5igDed 25 January 2023) Mr G Liugwood Mrs J Naylor Audltor Crowe U.K. LLP Re8isiered AuditW5 The Lexicon Mount Street Manches*r M2 5wr Bankers HSBC St Ann's Square MancheAer M2 7HD
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES 52 week period ended 30 March 2023 Report of the Board of Trnstees The Board of Truslee5 present theirreport (ogetherwith the audited fmancial 51atements ofTh¢ Pets at Home Foundation. the 'Charity' for the 52 week peric4J ended 30 March 2023. Objeetlves and Activitle$ The Charity was set up with a wide rdnge of objrytives which would enable the Charity io promo the welfare of animals. The Pecs at Home FoundatlOD W(Yks alongside like minded partners to support and the peopl¢ who love them by - promoting and encourage the rc-homing of adoptable pets; supporting local animal chariiies and build community reiationsbips: encourdging responsible pei ownership. providing temporary or ongoing a55LStance to ensurc can remain with owners changing the live5 of adulLS and children throu8h the provision of allimai based activiiies Publi¢ Benefit The trtee$ confimi thac they have referd to the guidance tn thc Cbarity Commissi¢Jn'5 general guidan¢e on publi¢ benefit when reviewing the Charity's obje¢tives and aims and in plat18 future activiiies for the year. They consider tha¢ the Chariry's aims aTe Clearly to the publi¢ benefit. Prlnelp81 Aclivities The Peis at Home Foundation ¢xi5ts lo create a b¢tt¢r world for w and the people who love them. During Ihis year th¢ charity continue to focus on this by" supporttng those in need through our grdllt and comullity partner programme which supports organisation5 that help both pets and people. By working with these organisations the chariry focusses on making a difference in local comrnunities acros5 the UK helping both pets in res¢ue centres and also Supporting people who benefii from time and support through the athliuon of a pei. The Chariry h&$ continued to focus its activities on th¢ re-homing of pets. Throughout the year. Pets at Home Group pl¢ {"Pets at Home") Slores played a vital role in the Charity'5 work by caring for small pets thai are looking for a new home or can no longer b¢ l(K)ked after by their owmers. in dedicated Adopiion Centres. These Adoption Centres feature in 453 Pets at Home stores. For those pets whi¢h the Charity do re-home itself. fincial support is pn)vided through grants and donations io local rescue and re-homing organisations throughoui the UK who dedice themselves to f]nding new Ioviti8 homes forpets. Thousands of pets end up homeless in the UK every year due to changes their owllers. ¢tUMStanCes. Addrlional fijnds are therefore used io educate the public and raise awareness in matters FKrtaining to animal welfare in genernl and in the prevention of cNelty and suffering of anirnal5. Structure, GoverDaDee #ttd MaDagemeDt Goyernin Documeni The organisation is constituted undera trusi d¢ed dated 4 March 2004 as amended 17 May 2004, 13 September 2010, 17 May 2012, 23 August 2017. 3 Augusi 2020. 14 August 2020 and 18 February 2022 and was registered as a charity in England and Wales on 4 June 2004.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 52 week period ended 30 March 2023 Structure, GovernHDce Management (eoDtiDued} Trusiees The Trnstees who serv¢d dwing the period and up io the date the report was approved. and theftrattendances at trusttt me£tÉngs during the period ellded 30 March 2023, are listed below: Name Trustee Meeling 1516) (316) (616) (2t2) (Y2) (416) (616) Mr A Bates Mr A Bickerton Mrs C Curtis Mrs C Gavin (resigned ITb June 2022) Mr R Kent (resigned 25th January 2023) Mr G Lingwood Mrs J Naylor The Trusiees received no remuneralion ID the period (2022: £nil) from the Charity for their work. Trustees are appoinled for a leTm oliwo years and they rny be re-elected by the Trnsree board the end of this teml if they wish to remain as a Tn[Ce. Mrs C Gavin resigned a trustee on 17th June 2022 and Robert Kent resigned as a trustee and chair of the board 25 January 2023. All new Trustecs rcceive a Copy of the original trust deed and supplementsl deeds and a bookle¢ from the Charity Commi5sioD explaining their responsibilities. New Twstees also receive a session with the Chair to discuss their duties and the policies tn place for managing ¢or]flicts of interest. Risk Mana ement The Board of TruseS continually reviews any risks (o wbich the ChoTity may be exposed through revi¢wing the risk register for the charity throughout the year. The board is i$5ued with the risk register prior to every board meeting Lo review. Where nec¢s5ary. systems and pr$ have been established and implelnented to mitigate the risks as much &% possibl¢. This is particularly relevallt to the risks that the Charity faces with regards io the awarding of fmaneial support to rescues whereby could be awarded io a rescue wher¢ there are concerns around the governancelwelfare stsndards of the rescue. To Mitie this risk the charity have a visii proiocol in pla¢e for all rescues who apply for funding either through Community Parth¢r progrdm or through the grani program. Now thai Covid restrictions havc lAY liftrf the charity is now visiting organisation5 requesting fimdin8 with 73 grant visits taking place within this year. The charity itrdm hav¢ undergone significant welfarc and p¢r50nal safety trainins wtth site visits 10 5uppon mirigating this risk. The tharity Continues io seek refer¢n¢¢s along with a detailed follow-up process that is in place for all successful grAni applications. anisational Struclure The main Trustee Board met Six times over the year for strdtegy and plannÈng meetings. and also a Special appointment tneettng. Adapting to the hybrid way of workin& the meetings look place vtrtually or in person. Whilst the Strdiegrc direction and p)licies are decided by the Trust¢e5, the day-to-day management of the Charity has been delegated to the Charity Team. As part of the expallsion of the Continued opetsiions. the charity team has been restructttred within th¢ year and all vacanicies were filled.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 52 week period ended 30 March 2023 Structure, Govern4nc¢ and Management (continued) Or anisaiional Smicture continue Due to the volume of fijnding application$ that were being received by the charitythe board have delegated for the charity manager and a sub-committee io review any grant fimding reqlrests under £50,000 on a monthly basis. The mjsrees continued to review grani requests totslling over £50.000, these three meetings took place outside of the planning and appointments meeiings. Related Parties Although The Pets ai Home Foundation 15 a r¢gistered Chariry li is intrinsically linked io Pets at Home Group ple ("Pds ai Home") and reliant on the business. The busine55 established the Charity and Pets at Home continues io support the Charity ¢Xtensively. As their nominated Charity, The Pets at Home Foundation is allowed access to fundraise within stores. the Support Offices and the Disr(ibuiion Centres and to appr()aeh colleagues. supplier5 and customers of Pets at Home for 5UPPOTL including the Vei Group. Th¢ main support is the ability to be Yis11)le in every Pets at Home slore. This is eithtt through the presence of an Adoplion Centre. where small animals are cared for by Pet5 at Home colleogues until they fund their for¢v¢r loving home. Oiher support is through the display of promotional material and involvement with undertakingthc Charity's fijndraising activities. This is critical 10 mainlain andgrow the Charity as its largest source of income is generaied from Pets at Hom¢ colleagues. customers and clients. The presellce of the Charity within the stores also raises awareness of the work of the Charity and the differ¢ni initiaiives which offer support io rescues and re-homing centr¢S. An Adoption Centre in almost all Pets at Home siores raises awareness of the Te-homing of adoptable pets and increases the opportuniry for pets lo find a new home. The pets within the Adoplion Centres are cared for by the Pets at Home store In5. and no ¢harge is made for the lime and ¢ar¢ provided by colleagues. The Charity makes an arLnual financial contribuiion towards developing, designing and insthlling the Adoption Centres. However. Pets at Home pay for the cosi of the upkeep of the Centres and the food and bedding required by the pets that are living within the centres. A charge for these services has been shown within th¢se accounts. with a corresponding donaiion from Pets ai Home. Ifany of the pets require veterinary treatmeni during theÈr sthy in the Adoption Centres prior io being re-horne4 this is organised by the Pets al Hom¢ colleague, and paid for by the Charity. All pets looking for a new hom¢ live withiD the Ad¢)p(ion C¢ntres to avoid confusion with th¢ pets that are for sale. The Charity be¢omes the legal owner of the pets, following the completion of the do¢umenwion to transfer the own¢rship to the Chariry. Documents ar¢ omplded once the pet 15 adopd by a new owner. a copy of whith is kepi by the Chariry. Pets at Home and also the new owner. In addition. Pets at Home provide the space for the Clwity team to oper within the Support oifice and also covers the a550ciat¢d Sts including IT equipmenL 51ationery attd postsge. The knowledge of key individuals and spe¢ialisi departments within the EMJsine55 ar¢ also available for the Charity to utili5e at no charge io the Charity. The Charity has strict guidelines in place to deal with wnflicts of inieresi betwttn the Charity and Pcts at Home. A Commercial ParticlorS. Agreemeni w&5 entered in 2006 when the Charity was established and is regularly r¢viewed to reflect the activities of tMIth the Charity and Pets at Home Group. The Agreement compli¢s with sec(ions 59- 64 of th¢ Charities Act 1992 and The Charilable tnstitutions (Fund Raising) Regulations 1994. The Trustees hav¢ also adopted a relad paty transaction policy which is strictly adhered to. Ullder this policy, any Tnle¢S involved in a related paty tran5a¢tion are unable to vole on matteTS whi¢h present a heightened risk oleonflict or perceived improper valualion. Although not directly employed by the Clwity. the Trusiees have delegated respornsibility of the e of the p¢ls in their Adoption Centre5 to the Store Manasers and colleagues wtthin Pets at Home s(ores.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 52 week period ended 30 March 2023 Structure, GDvern8nce and ManAgem¢nt (¢otttittued) Reled Parties coniinued . Five of the Trustees of the Charity were also eTnployee5 of Pets at Home Group during this time period. Mr Rob¢rt Ken¢ - Chief d2 Officer (Resigned), Mr5 C Gavin Director of Private Brdnds (Resigned) Mr G Lingwood is th¢ Dir¢¢tor of Distribulion and Logislics, Mr A BeS is the Direcior of Supply Chain and Merchandising. and Mr5 C Curti5 is Sustainability Manager. All other Trustee5 are independent TnjscS on the Board. Review ofA¢tivities The ¢harity ha5 Continued io build on the foundations that were esthlished in the prior year, eEthan¢ing suc¢e55ful relationships, conducting bi-annual lisiening surveys io ensure progrdms were relevani and that we continued to help where needed mosL in the hvdn of local communiries. A5 Part of the r¢scu¢ grdnt fimding programme, the charity ha5 continued to reach oui to rescues io obtain feedback of the challenge5 and trend5 that they are being fuced and how the Foundation is best placed to 5UPPOrt. Part of the feedback obtained was the fact the rescues recognised the need Éo adap¢ and support people within their local communities to and reduce the number of pers being relinquish¢d, supporting keeping pets and people together. Rescues repon that food and verinary cosrs are of the 5ignifi¢ant reasons being cited for surrender. As part of this feedback the Foundation has inv¢sied in a strategi partnership with Blue Cr05S SUPPOrting a national pei foodbank offering. (op help keep pets and people together. This proJt sees all Blue Cross siles and hospira15 and over 200 pets siores collecting pet food to support foodbanks. This year the charity underwent a recruinneni and re5trucmre meaning the Fundraising Manager. Funding aud Partnerships Manager and Community Team Lead report into the Charity and Community Manager whilst managing their own small teams. Community and Grant funding Thi5 year we continued io support rescues across the UK with our grdnt programme de$led io help and support pets whÉlst in rescues, thÈs year also the Second full yeur that our grant programme support¢d ¢hariiies that help people through the addition of a peL The rescue grani progr8nMn¢ h&$ awarded £1.468.396 to 64 rescues over this year. the biggest donation thai has been made within this year 15 lo Carditf Dog5 Home, donating £180.(H)O to the rescue which cares for over 600 dogs a year, these fi]nd5 will help them with transforn]ing their current kennels and create an isolaiioll clock. wei room. tneet alld Br¢ei mom and $p3¢¢5 lor stsff and volunteer5. The 'Helping People Through Pets. prOgran)e h&% grown from strength io strength with £1.271.074 being awarded to 26 orgallisaLions. with a further £1,242.365 being pl¢dg¢d to 16 organisation5 in furure years. Pets As Therapy are the recipienLS of the FouAdatron'5 biggest ¢ver grdnt - £346,237 over three years (£71,851 in Year One, £137.051 ill Year Two. £137.334 in Year Three), award¢d in May 2022. Pets As Therdpy volunteers tak.e their specially trained dogs into settings such &% bospitsls, schools, care homes, hospice5 and more, bringing a smile ro many faces. People get the clmnce to Chat to Someone, and stroke and cuddle a friendly dog or cat. PAT volun(eers alld their pets biios comfort and cotDpanionship to people living in residential care who may feel lollely or isolated- they support schools to help young people improve their literacy skills and concentration- their hospiral visits can aid in a wieni's recovery and improve mental health and wellbeing. The grdnt from the Foundation is being usedto restructure the or8allisation. expanding their team tnto the North West so they have local staff able 10 recruit new volull(eets. build relationship5 with rnore establishments, and fimdamentally touch the lives of moTe people. By the end of the rSt year the charity airns to increase the nlunber of volunteer5 in the North West lo nearly 400. it aims io work with over 500 differenl estsblishrnents. and ts> conduct over 140,000 vi5iis lo individual pet lovers.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnuedj 52 week period ended 30 March 2023 Commullity attd Grnnt fund5Dg {eontin¥td) One of the Foulldatioll's core acitviiies is the'community pattrer programme. this gives every Pets at Home store an opportunity to pattrer with an organisaiion. rnisin8 funds and awareness of their work within the local comrnunity. The Foundation supports over 3(X) community partrets. all of who were welcomed back inio our 5tore5 this year following the Coyid pattdemic. Our community parthers embraced this news and attended Pets at Horne 51or¢s for oyer 10.000 hours through the Sallta Paw5 ap31 with £792,000 beills donated io our partrers after the appeal. This year the Foudatiott h&% awarded a record breakill8 £4.9m of fmancial support to organisations who share the vi50n o(creatin8 a l*tter world for pcts and the people who love them across across the UK, Adoption CeTrtreJ The charity Continues to support small animal adoption across its centres iti 453 Pds at Home stores. Our centres exist for any owner that can no longer care for their stnall pet. The Foundation takes the pet in covering any tnedical care Cots that may be neede4 tskiD8 eare of thc IKt until the ri8ht hiHne can be found. When a rabbi¢ 15 ad(7Pted from one of the centre% it Ileave5with vouchers fora free health check, vaccination and neutering, which can be redeemed by the new owner ai their local VeL% 4 Pets or Companion Care sur8ery, many of which can be found inside Pets ai Horne pet care ccntcs. The documentation 5urroundin8 the adoption of a new pet 15 revicwed regularly and any amcnthnEllts or updat¢S are comrnunicated to all stores and updated brief8 documents provided. The Adoption Centre5 are onÉtorcd in store by the Field Pet Partners which are employed by Pets at HOe. The adoplion process is undertaken throu8h the Pets At Homc 'Pet Pads, (in-store iPads caTrytng besp)ke 50ftware used by Pets Ai Hotne colleagues). Thanks to Pets * Home collea8lles who care for these pets and rehome them to their forever home the charity rehomed txearly 40,000 pets. Over the 1&81 15 year5 the Foundation h&5 adopted over 930.000 pcL% into lovin8 homes. Futtdrlllsing The Pets at Home Foundation subscribes io the policies of the Fundraising Regulator. which oversees fundraising activity. The Fundraising Regulator invesiigares and where necessary takes appropriate action tn cases of public concern. It links with the Fundraising Regulaior and the InsiiDJie of FundJ7ising to improve its sLThdards and ensure its aciivities meer the expecrations of our supporters and the wider public. Full details of the Fundraising Regulaior and the codes of our fimdraising praciice can be found at www.fundraisingregulator.org.uk. This Charity is licensed by the Gambling Commission for our lottery and rdffles. The Charity is particularly aware of the n¢ed to protect and safeguard vulnerable individua15 in any of its fundraising. Our vulnerable per50n'5 FN)Iicy 5els out the high standard5 we commii to meeL and the Charity regularly review the policies, procedure5 and wfornlance acr055 our own activities. Oyer th¢ ¢our5e of thi5 financial year the Charity dithi't receive any complaints from the Fundraising R¢gul8ior relating to its fimdEaising. which relatrd io the fifftthaising a¢tivity und¢rtsk¢n in Pets at Hom¢ $tore$. Th¢ Trnste¢s are happy that the processes atjd procedures amund dats proteciion and privacy are robus¢ and tha¢ they are fair. transpareni and a supporter's preferences ulLiinately guide the conjmunications they receive and their relationship with the organisation.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (Contlnued) 52 week period ended 30 March 2023 Fundraising (eolltlnued) The charity has had one of the m05t success1 years with filndraisins rdiSiDg over £6.] million to belpcreate a better world for pcts and the people who love them. This year the eharity trialled a new forniai for the Summer fiLndrai5er, whereby one national charity benefitted from funds rdi5ed across the Pets at Home Group. The work of Hearing Dogs for Deaf People was supported through the month of July 2022. which clearly resonated with colleagues and custome, as the 4 week appeal rdiS¢d over£644.000. The donation io thc charity has helped to support their hewit)g dog partnership5 throughout th¢ UK. supporting 377 hedrillg do8 p3rtn¢r5hips which equaies to over a thÉrd of their partnershi in the UK. The hi8hli8ht of the year came once again in the fonn of the aTmual Chrislmas Santa Paws Appeal. wbic raised nearly £2 rnillion in the five-week njn-up io cbristM Eve. Building on successes from previous years. Pets at Home's Groom Room ran their dedicated christm Spa package. With each package so14 £1 w&5 donated to the Foundation. This again was a success for th¢ Foundation, raising oYer£23.0(M) forth¢ Foundation. This year based on feedback from Pets Home collea8ues, the Foundation decided not hold a valentines event in store, but instead host an Easter evenr to support our community paTthers. whicb was hosted in April 2023 and raised a staggering £260.000 over 7 days Èn England and Wales and 8 days ill the Scottish Pets a¢ Hom¢ stores. Most of our fi]nding comes via the Pets at Home Group. thaTS to the dedication of siore ieams attd the generosity of thcir customers and clienrs. The charity W([d like to thank all those who have supported their work thas year. Ev¢ry donlOn makes a huge difference to pets and the people who love them. Plans for the Future This year the ¢harity will roll out the new 5 year Strdte&y. fcussin8 four key focus are4 as follows. Diversify our income str&wns. exploring altemative thanne15. To reduce risk and ensure sustattiable in¢omc str¢am5 are Secured for the funtre. Wotin8 10 identify critical interventions which would have a signifi¢anl impact on keepin8 pets in loving homes. Driving systemic change by working with like minded partfteTS. 4. Communicating the work of the Foundation to all stakeholders with a consistent approacb thanking our support¢r5. The newly Smiclled team will Work io drive fonvard and embed the straiegy of the Fowidation. The Foundation are actively recruiiing new member5 to the trustee boar4 havtng recently conduciod a skills matrix, this year we are hopeful to re¢wit new board memEers who can support the ¢xi5ting board and harity team in delivering the strategy and future direction of travel for the charity Buildiug on the success of last year. we are incredibly ¢x¢ited to 5UPPOrt Hearing Dogs for a second year for our national summer apFvdl. building on th¢ gr¢a¢ Telation5hip thai has already been established and supporting their mission to help deaf people leave lon¢line5s behind. This year will se¢ u5 continue to ENJild on the strong foundations we have latd down with the pet food bank initiative supporttng th¢ key Straiegic pillarofhaving a significani impact om keeping pets in lovtn8 homes. We will continue to reach oui io our financial beneficiaries holding list¢nTng survey5 and gathering feedback and understsndin8 trellds io ¢nsur¢ the support we offer is relevant and reactive to their needs. continuing to build rela(ionships and supporf pets and the people who love them acro55 the UK.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 52 week period ended 30 March 2023 Financial Review Total incoming resources in the period increased by £485.482 to £6,170,596 (2022: £5.685.114). The increase is due successful fithtsing campai$ and the wnlinued sUPPOrt of Pets at Home and its collegues. Donations income in ihe period amouft*d increa$ed from £4273,398 to £4,879.(XM and Income frnm Chariiable Acrivities rose from £805.304 to £867.J35. tncome received from other trading aciiviiies in the period amoun(ed 10 £423.165 (2022.. £606,068). Th¢ Charity is pleased that it ha5 significanily increased its grant expenditure in the year even though il r¢sulied in a net income deficii. At the end of the reporting period. total unrestricted fim(ts were £4,089,590 (2022 £4.296.528}. Restricted funds of £852 (2022.. £95.853) related to the sale of RSPCA. Scottish SPCA and Cats Prorection and Hearing Dogs for Deaf People merchandise which hav¢ yet to be donated to the relevani charity of £852. in 2022 the restrtcted reser4es included £90,864 from the Charity'5 Ukraine Appeal. The Appeal is now closed alld all the fund paid out to chariiies helping Ukrdine. The total funds of the chariry were £4.090.442 (2022: £4J92,381). This decrease compared ro 2021 is a result of the increase in both the number and th¢ aTnounts of the grdnts awarded in rhe year. The charity has set aside £1.242.365 (2022: £720.238) of its unrestricted reserves for grdnts for 2-3 year projecLS where w¢ have funded the initial year of the proj¢¢¢. The charity continues io hold cash resetves of £4.337.636 (2022: £4.343,863). Princi al Fundin Sources The principal fundints sources for the Charity ore: donations for pets via the adop(ion scheme, fundrnising acrivities withÉn Pets at Home llores, V¢iwinary Surgeries, Support ol¢e and Distrtbution Centres. Thi5 year saw an incrvdse in fundraising from individuals through virtual events. merchandise sales of face coverings and on-line donations via Pets ai Home website. Goin concern The chariry reported a deficii of £301.939, a cth oufflow of £6,227 for the year and hold cash reserves of £4,337,636. The budgets have been prepared for the nexi two yeaT5. and are continually reviewed by the team and the misiee board. The Erus(ees have &ssessed the risks to the charity a5 we come out of the Coronavirus Crisis and the curreni cost of living crisis and the impaci thi5 may have on animal rescues and re-homing OrganilOn5. As a grant giving charity. the charity would be able to significantly reduce its expenditure in the even( of a significanr fall in income. Therefore. the Iwstees are confident tha( the chariry ha5 Sufficient fujancial resources io continue 18 a going Concern for the foreseeable future. Fin¥tt¢ial Review Financial ortt charities Granl-MakingPoll Fundill8 is awarded in line with the 'Grant Ful1ng Criteria, documenL although Trnw¢s can use their discretion to award futtds outside of these guidelines if they deem it appropria. The fijnding lleria 15 reviewed on a regular b&%is and rrfollllneDdations made to the Trustees for approval. Following confmaiion of the criteria they aremade publicly 4vailableon the website and communicated to all ueS. All applications are subject to a follow llp and evaluaiion pffKes5 to ensure grants are used for the PUTP)se for which they were awarded.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (contlnued) 52 week period ended 30 March 2023 Flnanelal Review (eontinued) Financial Su ort to rescues and et charities ontinued Granls A total of 64 grants were awarded to the rescue sector. fuDding £1,468,396. This compared to the 2022 programme which supported 70 grants of £l.I million. tn addition th¢ charity has 5UPPOrted 26 pe(s amd peopl¢ charities funditi8 £1.271.074. pledging a fither £1242,365 10 16 organi5alion5. Thi5 compared io th¢ 2022 progrdmme which supported 16 pets and people ¢harilie5 fimding ov¢r £537.000 and pledging a fiwther £720,000 which is held in a separate de5igna¢ed fiwd with unrestricted reserves. Community Parlner Programme This support program has Colltillued io prove a very effective way of workiDg with chaTitie4 allowing an orgai]15a¢ion and st(Trre io work ill collabor*ion io deliver nol only funds for the r¢s¢ue5 but also raise awareness irt the local community of the rescue and the pets ID their car¢. This year we have supported over 300 organisatlOU5 with over £792.000. Investment Poli The aim 15 for m05t of the Charity's fid$ to be spent in the short terni 50 there ar¢ f¢w filnds for long iemi inve51Tn¢nt. Funts itt cxcess of those required forday-io-day cash flow are h¢ld a flexiblc iuterest-bearing Current ¥courtt. Re5¢rve5 Poli Th¢ Trustees regularly review the reserves pollcy. The pM)licy states that the Charity will hold general r¢s¢rv¢s sufficient to cover approximaiely 12 months of running costs includill8 administrative costs, neuterin8 vourhers alld adoption pets upkeep and vet bills. Based on the 2023-24 bud8eL thi5 is estimated to b¢ £1.5. The reserve policy will be reviewed every 3 year5 or earlier if therc is a change to the chariry's activi¢iES. A5 at the year end the charity has unrestricted general re5crvcs of £2,847.225 excluding desisnaied fijnds. By reintroducing ihe grani programme whereby r¢scues cati requcst fi]nding for a wide range of purposes. and the broadenin8 of our objectives EO SUPPOrt organi5ations WI help people through a pet the Charity anticipate usins these reserve5. Stateent of Trnstees? Respon5ibililie5 The Chartty's accounts have been prcpared in accordance with the Staiemeni of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecrive l January 2015). and with United Kingdom Generally Accepl¢d AOUntIng Praclice (United Kingdom Accounting Shindards and applicable law). Law appli¢able to charities in England. Wales and Scotland requires the TTUStees to prepare fman¢ial statemenls for each [all¢la1 year which give a true and fair view of the Charity's financial activities during the year Jnd of its finartcial psition at the eDd of the year. In preparing these financial 5tat¢ments, the TThslee5 are required to: select suitable accounting policies and then apply them con5tstently: make judgements ynd estitRate5 that are relwnable and prudent: prepare the financial statements on the going concern basis UDle55 it 15 inapproprtate to presume that the Charity will continue in operntr¢)n.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (¢ontlnuedJ 52 period ended 30 March 2023 Staternent of Try5tee5' Responsibilities (continued) The Truslees are responsible for keepiu8 proper accoiuiting records which dis¢los¢ with rsOnableaCCura¢Y at any (ime the fancIal position of the Charity and whicb enable them toensure that the fmancial si2iem¢nts omply with the Chariiies Act 2011. Th¢ TTUStees are also resw)llstble for safeguarding the assets of the Charity and hence for thkin8 rOnable Steps for the prevention and detection of fraud and other irregularities. In 50 far as the Trustees are aware: there 15 no relevant audir illforniion of which the Chariry's audiior 15 unaware. and the Trustees have tsken all sieps th they ought lo have taken to make thems¢lve5 aware of any relevani audit infonnalion and to establish that the auditor is aware of that inforniation. Signed on be e board Mr A Bate Vice4hair 28 June 2023 10-
The Pets at Home Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (FORMALLY SUPPORT ADOPTION FOR PETS) 52 week period ended 30 March 2023 Opinlon W¢ have audiied the fanCial statements of The Pets at Home Foundation ('the charity.) for the 52 weeks ended 30 March 2023 which comprise the Sthtement of Financial Activities. the Balance Sheet. the StaiemeDt of Cash Flows and nole5 to the fmancial 51aternents, including significant accounting policie5. The financial reporttng framework thai has been applied in their prepw21ion is appli¢able law and United Kingdom Accountillg Standards including Financial ReFKFrting Standard 102 The Financial Reponing Standard app1[ble in the UK and Republic of Ireland (United Kill8dom Generally Accepted Accounting Practice). In our opinion the fman¢ial swements: give a tru¢ and fair view of the state of the chariry's affair5 as at 30 March 2022 and of its income and expenditure, for the period then ended: have been properly prepar¢d in accordance with United Kingdom Generally A¢¢epied Accounting Practice. and have been prepared in accordan¢¢ with the requirements of the Charities Act 2011. B#$is for oplnlon We conducted our audit in accordance with Iniernaiional Sfandards on Audiiing (UK) (ISA5 (UK)) and applicable law. Our responsibilities under those stsndan15 are fillther described in the Auditor'5 responsibilities for the audit of the finJn¢ial stsiements section olour report. We are ind¢pendeni of the charity in accordance with the ethirdl requirements thai are relevaut to our audit of th¢ fu1claI statements in the UK, including the FRC'5 Ethical Standard and we have tuifilled our other ethical respollsibiliries in accordance with these requirements. We believe that the audit evidellce we have obtained 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to goittg eoneerD In auditÈng the financial staiemenw we have concluded the trnsteds use of the going ¢oncern basis of accounting in the prepararion of th¢ fvancial sthtements 15 appropriate. Based on the work we have perfonne& we have not identified any material ullcenaintie5 relating to events or condition5 thal, individually or collectiv¢ly. may casi significant doubt on the charity's ability to coniinue as a going eoncem for a period of at leasE Nelve months from when the fmancial statements are auihorised for isSU¢. Our responsibilities and th¢ responsibilitie5 of the trustees with respect to going concern are described in the relevani section5 of this report. Other iDforrnatioll The rrustees are responsible for the other inforniaiion contained within the annual report. The other inforn)aiion comprises the inforniation included in the annual reporL other than the fmancial slatem¢nts and our auditor'5 rcport thereon. Our opinion on the fmancial statements does noi cover the other inforniation an4 except to the extent othenvise explicitly ststed in our repoo we do not expr¢ss any form of assurance conclusion thereon. Our responsibility is to read the other Infonnati an¢ tn doing so, consider whether the other information is materially inconsistcnl with the financial slatements or our knowledge ob¢ained in the audii or otherwise appears ¢0 be materially misstated. If we identify such material inconsi51eneTes or apparent material misststements, we are required ro deteine whether this give5 rise to a n]aterial misstatement in th¢ fmancial statements themselves. If. ba5¢d on the work we have perfomied we conclude that ther¢ is a material mi5Statemeni of this other infomiaiion. we are required to report that faci. We have nothing to reEXTrrt irt this regard. 11
The Pets at Home Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (CONTINUED) 52 week period ended 30 March 2023 M4tters on which we 4re requlred to report by ex¢tptlDn We have nothing to report in respe of the following matter5 in rel*ion io which th¢ Charkties (Accounts and Reporls) Regulations 2008 requires us io repon to you if, in our opinion- the itiforniaiion given in the furdnctal statements 15 inconsisteni in any material respect with the tru5tces' report. or sutTicient and proper accounting record5 have not been kept by the charity: or th¢ fmancial statements are not in agreement with the accouniing reconts and returns: or we hav¢ not received all the infonnalion and explanLOn5 we require for our awliL Responsibilities of tru$tee5 As explained more fully in the trusl¢es' rcspOnsiilI1IcS slatemen¢ set oui on page 9-10, the Iwst¢¢s are responsible for the preparaiion of the fmancial stsiements and for being satisfied that they giv¢ a true and fair view, and for such internal control as the trusiees detennin¢ is necessary (o enable the preparation of fmancial 5tatetnents that are free from material missratemenL whether due io fraud or error. In preparing the fanCial statements, the truste¢s are Tesponsible for asse55ing the charity's ability lo ontinue as a going ¢oncern, disclosing. as appliuble. Tnatters related to going concem and using the goin8 collcern basis of accountin8 unless the truslees ¢ither intend io liquidate the ¢harity or io Cfdse op¢rdtions. or have no r¢ali5tiC alternarive bui to do 5Q. Auditor's responsibilities for the audlt oC¢he financial ststemellts We have been appoiuted Is auditor under 5CCtIOD 151 of the Charitie5 Art 2011. report in accordance with the Acts and relevani gUlationS made or havtns etTeci therewider. Our objectives are io obtain re&50nable assurance about wbether the fmancial 5tsternents &8 a whole are free from maierial misstatem¢nL whether due io fraud or error, and io issue an auditor'5 report that includes our opinion. Re&sollable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted in accordanc¢ with ISAS (UK) will always detect a material mis5tatern¢nt when it exisrs. Misstatements can aTise fro fraud or ernr and are considered material if, individually or in the aggregate. they could reoab]Y be expected io influence the economic decisions of users tsken on the b&5is of these fman¢ial 5taternents. Detai15 Of th¢ exient to which th¢ audit w&8 considered capable of detecting irregularitie5. including fraud and non-compliallce with laws ar r¢gulations are set oui below. A futther de5¢riPtion of our responsibilities for the audit of the financial 5ts1emen(s is locaied on th¢ Financial Reporting Council's website at: www.frc.or&uklauditorsr¢sponsibilities. This description forni$ part of our auditor's repo Extettt to whieh tbe audit eonsidered capable of detectig irregulariti¢4 iDcludittg frAud Irregularities. including frau(L are instances of non-compliaDce with laws and regulations. We ideniified and assessed the risk5 of mat¢rial misseMen1 of the financial ststements from iTregularities, whether due to fraud or etTor. and discussed these between our audit leam members. We then designed and perfornied audit procedures re5P0Tr5ive to those risks. including obtsiDiDg audit evidence 5uffi¢i¢nt and appropriate to provide a basis for our opinion. We obtuined an UnderS&ding of the legal and regulatory frJm¢work5 within which the charity opcrates. focusing on those laws and regulations t} have a direct effect on the derern)inalion of material amoun(s and disclosures in the fujancial statements. The laws and resulations we considered in thi5 context were the Charities Act 2011 together with the Cbariiies SORP (FRS 102). We assessed the required compliance with these laws and regu]aiions &% part of our audil procedurts on the lated financial statement items. 12-
The Pets at Home Foundation INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT HOME FOUNDATION (CONTINUED) 52 week period ended 30 March 2023 Extent to which the audit W85 considered capable of detecliDg Irrtgularitie4 In¢ludiMg frnud (continued) In addition. we cottsidered provisions of other law5 and regulations that do not have a direct efft on the fan¢tal sraiements but compliance with which mighi be fijndamencal io the thariry's ability to operate or io avoid a maierial penalty. We a150 considered the opportunities and inc¢ntive5 that may exist within the charity for fraud. The laws and regulations we considered in thi5 context for the UK operation5 were the Fundraising Regulations and the Gambling Commissiott Regulations. Audiiing standards limit the requited audit procedures to ideniify non-cornpliance with these law5 and regulations to enquiry of the Tnlee$ and other illanagement and inspection of regulatory and le8ai coTresponden¢e, if any. We identified the grraiest risk of tnaterial impa¢1 on the fJnan¢ial statements from irre8ulariti¢S. including fraud, to be within th¢ override of controls by management. Our audit procedur¢5 to respond to these risks included enquirtes of managemeni, Sample iesiing on the posting ofjournals, reviewing accounting estimate5 for biase5, reviewing regulatory correspondence with the Charity Commission and reading minutes of meetings of those charged with goyernance. Owing ro the inherettt limitations of an audiL there is an unavoidable risk that we may not have detected some maieraal misstsiements in the rtnan¢ial statements, even though we have properly planned and perfornied our audit in accordance with auditing stsndards. For example, the fiffther removed non- compliance with laws and regulations (irregularities) is froTn the events and transactions reflected iti the financial statements, the les5 likely the inherenily limited pr(edureS required by auditing standards would identify ii. In aildition. with any audiL there remained a higher risk of non4lerection of irresularitle5, as these may involve collusion. forgery. inieniional omissions, misrepresentations. or th¢ override of internal ontro15. We are not responsible for prevettiitig non-compliance and cannoi be expected to detect noll- ompliance wrth all laws and r¢gulation Use of our report This report is ade solely EO the ¢harity's m1¢¢5, as a body. in accordance with Part 4 of the Chartiies (Accounts and Reports) Regu]21ions 2008. Our audit work has been undertaken so that w¢ might stste io the Charity's trustees those matters we are required to stsie to them in an auditor's report and for DO other purp052. To the fullest extent pemiilled by law. we do not accept or assume responsibility to anyone other than the charity alld th¢ charÈty's trustees as a body. for our audil work. for this repor( or for the opinions we hav¢ forn]ed. LLF Crowe U.K LLP Statutory Auditor The Lexicon Mount Street Man¢hester M2 5NT 28June 2023 13-
The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 52 week period ended 30 March 2023 Totsl FuDds Total Funds Restricted Unrestricted Funds Funds 2023 2022 Kote INCOMING RESORCES Income and endowments from: Donations and legacies In¢ome from other trnding activities Income from charitable activities Investment income 626,327 33,855 4,252.677 365.827 867.335 24.575 4.879,OD4 399,6K2 867J35 24575 4273a98 606,068 805J04 343 Totsl incom¢ 660.182 5,510,414 6,170596 5.685,114 RESOURCES EXPENDED Expenditure on: Costs of rdising funds Expenditure on charilable activities 73.082 682.101 213.801 5,503,552 286,882 6,185.653 433.018 4,431J44 Total expenditure 755.183 5.717.353 6,4723 4,864362 Net (Expenditure)IIncome movement of funds for the yegr (95.001) {206,938) (301.939) 820.752 IiECONCILIATION OF FUNDS Total funds brought fonvard 95.853 4.296.528 4J92 J81 3,571,629 Total funds carried forwydrd 16 852 4.089.590 4,090,442 4J92J81 The Sthtemeni of Financial Activities includes all 8aiD5 and 1055¢5 in the period and therefore a staiejllent of total recogni5ed gains and losses has noi been prq)ared. All of the above amounts relate to coniinuing athiviiies. The note5 on pages 18 to 29 fom] part of these fmancial suements. 14-
The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 52 week period ended 30 March 2023 Restricted Unrestricted Total Funds Funds Funds 2022 INCOMING RESORCES Incotne and endowments from: Donations and legaci¢s Income from other trdding activities Income from charitable aciivities Investment income 90,864 24.555 4.182,534 581,513 805,304 343 4273J98 606,068 805J04 343 Total income 115.419 5.569,695 8685,114 RESOURCES EXPEIYDED Expenditure oll: Costs of raising funds Expenditure on charitable activities 433.018 4.394.928 433.018 4.431J44 36,416 Total expenditure 36.416 4.827.946 4,864 J62 Net In¢ome and movement of fuuds for ¢be year 79,003 741.749 820.752 RECONCILIATION OF FUNDS Total funds brought forward 16.850 3.554.779 3,571.629 Total funds carried fonvard 16 95.853 4.296,528 4J92J81 15-
The Pets at Home Foundation BALANCE SHEET 52 week period ended 30 March 2023 2023 2022 CURRENT ASSETS Debtors Cash at bank and in hand 13 441,601 4.337,636 207.526 4,343.863 4.779237 4,551.389 CURRENT LIABILITtES Crediiors: Amounts falling due within one year 14 688.795 159,008 NET CURRENT ASSETS 4.090.442 4,392.381 TOTAL ASSETS LESS CURRENT LtABILfTIES 4.090.442 4,392.381 FUNDS OF THE CHARITY Unr¢stri¢ted income funds Restricted in¢ome funds 15, 16 15, 16 4.089.590 852 4.296.528 95.853 TOTAL FUNDS 4.090.442 4,392,381 Th¢ notes on pages 18 to 29 fonn part of these fmancial slatements. The5c fancial ststements were approved by the Board of Tnle¢S on 28th June2023 and are signed on their behalf by.. MrA Bate5 Vlctrchair 28June 2023 16-
Pets at Home Foundation STATEMENT OF CASH FLOWS 52 week period ended 30 March 2023 2022 2021 C&qh flows from operatiDg activities: Nel cash provided by operdting activities Casb flow from investing activities: Bank interest income (30,802) 826.354 24,575 343 Change in c&%h & cash equivalents in the reporting period Cash & cash equivalents at the begitllting of th¢ reporting ttriod (6.227) 826,697 4.343.863 3,517.166 C95h & cash equivalettts at the end ofthe reportiDg period 4.337,636 4,343,863 Recon¢iliatioL of Det movemen¢ ID funds to net cash flow froJD operatiog activities 2023 2022 Net (expenditureyincome lor the reporting period Adjustments for: Increase in debtors Increase in Creditors Bank interest income (301.939) 820.752 (234.075) 529.787 (24,575) (6.404) 12.349 (343) N¢t ¢ash provided by operdtin8 activities (30,802) 826.354 Analysis of ¢ash & equivalents 2023 2022 Casb in balld 4,337.636 4.343.863 Recollciliatlon of Det debt 2022 Cashflow 2023 Cash in hand and at bank 4J43.863 (6.227) 4.337,636 All amoullL8 relate to ¢ontinuing activiries. The notes oll pages 18 to 29 form part of these fthaTheial Statements. 17-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS 52 week period ended 30 March 2023 Accountiug Policies BASIS of Accounting These financial Slatemenis have beell prepared wider the historical cost convention with itetns recognised at cost or transaction value unle55 otherwi5¢ Stated iti the relevant notes to these accounts. The financial statements have been prepared in aceordance with the Stst¢ment of Re¢ommended PrdCiiCe'. Accounting and Reporting by Charitie5 preparillg their accounts in accordance with the Financial ReportÉng Standard appli¢able in the UK and Rcpublic of Ireland (FRS 102) issued in January 2019. Aceounling reference date The fancial statements of the charity are prepared to the Thursday nearest to 31 March. Aewrdtngly, these fanCial starements have been prepared lor the 52 weeks end 30 March 2023 {2022- 53 wttks ended 31 March 2022). Prep#rntlOD oftbe 4ccouTrts ou a going conctrn b3515 The eharity reported a defici¢ of £301.939, a wh oufflow of£6,227 for the year and hold c&sh reserves of £4,337,863. The budgets have been prepared up 10 Jun¢ 2024. and are continually r¢vi¢wed by th¢ team at]d the trustee board. The tTUStees have assesscd the risks to the clwity includtng the cujrenl cost of living crisis and thc impact this may have on aE]imal rescues and re-homing Organisl0nS. As a grant giving charity. the clwity would be able to signaficantly reduce its expendirure in the event of a significan( fall in income. Therefore, the rnESte¢5 are confident that the charity h&5 sufficient fuwlcial resources to continu¥ a5 a goin8 concern for the foreseeable futtwe. Income and EDdowmeDts All income is included tn the Sthtement of Financial Activities when. the Charity is eniitled to the resources; the charity becomes entitled to the resouryes" and the rnonetsry value can be measured with suificiellt reliability. The following 5pectfic Policies are applied to particu]ar categorie5 of tncome". Donations and legacies are received through donations and gifts and are include& in ]1. in the Sts*m¢nt of Financial Aciiyities, when receivable. Donated services and fa¢ilities are in¢luded ill the SOFA when received at the value of th¢ gift to th¢ charity provided the value of th¢ gift can be tneastsred reliably. Donated services and facili(ies tbat are consumed immedialely are rewgnised income with an equIVent amount recogrti5¢d as an expense under the appropriale heading in the SOFA. The value of services providd by volunteers h&% not been itE¢luded in these accounts. Donated goods are measuttd at fair value (the amount for which the asset could be exchanged) ullle55 impraciieal to do so. Income from charitsble tr&aing activity is accounted for when eamed. Gift Aid receivable is included in income when there i5 a valid declaration from th¢ donor. Any Gift Aid amounr re¢overed on a donation is considercd io be part of that gift and is treated as an addirion io the Same fitnd as the initial donation Unles5 the donor or the term5 of the appeal have SprIed oth¢rwise. 18-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52 week period ended 30 March 2023 Accounting Policies (continued) Resources Expended Expenditure is recognised where li is more 1ClY than not that there is a legal or cons¢tive obligation commirting the charity lo pay out resources and the amouni of the obligation can be meosured with reasonable cenainty. Expendiiure on raising fijnds comprises costs incuned th gen¢rni¢ Yoluntsry income and c05t of goods sold as part of fundraising traditig. Expenditure ott clwitable activities comprises those costs incuThed by the Charity in the delivery of its aciiyiiies and services io its beneficiaries. It includes both costs that ¢an be allocated directly io such aciiviiies and those COSL8 of all indirea naDJre which are nec¢ssary to 5UPWrt them. It a150 includes governance costs which comprise audit fees. Gambling Comls510n fees. bank charge5 and Tnjsiee expenses. During the year the chariry reclassified some of its expendittwe betsv¢en expenditure on raising fijnds and expelld1fteS on cbarithble activities. Subsequenily has reststed its prior ye cotllparatives. Wbere the charity gives a grani with condili(K)s for its payment being a specific level of Service or oucput to be provided sucb grants are only recognised in the SOFA onc¢ the re¢ipient ofthe grdnl has provided the specified service or ouwi. Where there are no condiiions allaching to the granl that enables the donor chariry EO realisiicalty avoid the conmitttnenL a liability f(Y the full funding obligaiion musi be recognised. Allocatlon ofsupport costs Support costs are those fiCtIOnS that &S51St the work of the charity but do not directly undenake charitable activities. Support cosis iucludc back office costs, fmance. staff ¢05ts and governance costs which support the Charity's activilies. These costs have been allocated be¢t cost of raising fiujds and expendiiure OD charitable aciiviiies. Thc b$ on which supp(Kt Costs have allouted are Set out in note 7. Casb Ht bank bsnd Cash at bank and cash in hand includes cash and short tenn highly liquid investments with a short maturity of three months or less from the date of acquisiiion or opening of the deposit or similar account. Creditors aDd provislons Creditors and provisions are recognised where the charity b&s a preseni obligalion r¢5uliing from a past eveni that will probably result in the trdnsferof funds to a third party and th¢ amouni due to settle the obligation can be mvdsured or esttm*ed reliably. Creditors and pmvisions ar¢ nornially recognised at their settlement amount after allowing for any trade discounts due. 19-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS fcontlnuedj 52 week period ended 30 March 2023 Accounting Policies (Continued) Futtd AccountlDg Unrestricted funds are available for use. at the discretion of the Trus(tts. in fi¢rance of the general objectives of the Charity. DesIgned funds are unrestricted fijnds of the chartty which the mjsrees have decided ai their diseretion lo set aside use for a specific purpose. Restri¢t¢d fvnd5 are donations which the donor h&s specified are lo be solely used for particular areas of th¢ Charity's WOTk or for specific projects being undertaken by the Charity. Tation A5 a Charity, The Pets ai Hotne Foundation (formally Support Adoption For Pets) is ¢xempt from t&x on income and gain5 falling within Part I I CoTpoMion Aci 2010 or s256 of the T&xaiion of Chargeable Gain5 Act 1992 to the extent th these are applied io its clwiiable objects. No rax charges have arisen in the Charity. The Charity is registered for Valu¢ Added T&x (VAD. AS 8 result of thi& input thx b¢¢an]e recoverable on iaxable purchase5 and output tsx becam¢ thargeable on sales of Wuble goods. Critical &eeountlng judgements and key sources of estimation uneertalnty In the application of the entity's accountirtg policie5 which are described on pages 18 10 20. the Trnstees are required to make judgments. es1imes and assumptions about the carrying value of assets and liabilitie5 that are not readily appareni from other source5. The estimates and und¢rlying assumptions are b&8ed on historical experieltce and other factors that ar¢ considered to be relevant. Actual results may ditT¢r from these estimates. The estimates attd uDderlying assumptiolls are reviewed on an on-going b15. Revisions io accounting estimates are reco8ni5¢d in the period in which the estimC is revised if the revision affects only that period or in the period of th¢ vIsion and tUre perrods if the revision affects th¢ curreni and fu(ure pericpjs. In the view of th¢ Trustees, no assumplions concerning the fuiure or estitnalion uncenainty atTecting &55ets and liabiliiies at th¢ balance sheei date are likely to re5ulI in a maierial adjustment 10 their carrying amounts in the next fmancial year. DoRatioDs and legaci¢s Reslrleted Funds 2023 UTrreslricted Funds Total Funds 2L123 2023 Donation in Pets at Home Sto$. Support oftfice and National Distribution Centres VIP Lifeline income from Pets at Home Siore space, pallets, f¢)od and beddtlls dollation5 for adoption allitnals Donated pallets of food Online donations Legacies 610.601 2,148.775 961.637 2,759,376 961,637 416,700 648.800 56.369 20,396 416,700 8,800 72,095 20.396 15.726 626.327 4,252,677 4,879,004 -20-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52 week period ended 30 March 2023 Donations and legacies (continued) RHtricted Funds 2022 Unrt5tricted Funds 2022 Total Fund5 2022 Donation in Pets at HoEne store5, Support OffJ¢e and Naiional Distribution Centres VIP Lifeline income from Pets at Home Store space, food and bedding donations for adoption antmals Online donations 2.975,057 722,799 2,975,057 722,799 375.527 109.151 375,527 200,015 90.864 90,864 4.182.534 4,273,398 Other trading aetivitits Restricted Funds 2023 Uttrestrleted Funds 2023 Total Funds 2023 Contribution sales of merchandis¢ in P¢ts ai Home store$ Lottery incom¢ 33.855 183,592 182.235 217,447 182,235 33.855 365,827 399,682 R¢stri¢ied Funds 2022 UnTfS¢Ti¢ted Funds 2022 Total Funds 2022 Contribution from 5ale5 of merchandi5¢ in Pets at Home store5 Lottery income 24.555 375,061 206.452 399.616 206,452 24.555 581,513 606,068 Income from Ch4ritabl¢ Artiviti 2023 2022 Donation5 r¢¢¢iv¢d for adoplion ynimals Gift aid on donations 867.335 798,704 6.601 867,335 805,304 The income is all uttrestrirted 21
The Pets at Home Fondation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52 week period ended 30 March 2023 Expenditure on raislttg funds Restrieted Funds 2023 Unre5tricied Fund5 2023 Totsl Unreslricled FlldS Funds 2023 2022 Lottery prizes Lottery costs Cosi of good5 501d Marketing and promotion costs Other fidraising costs Fundraising governance COSLS 73.101 11,919 3(M) 73.101 11.919 300 195,747 3.798 2,017 84,374 12,230 183,405 140.249 10.462 2,298 73.Of2 122,665 3,798 2.017 73.082 213.801 286.882 433,018 Analysis Expenditure ou Charitable *ctivltles NDt¢ Grnnt giviDg activities and donatlons Adoption ¢eMtre costs 2023 Grants and fmancial 5UPPOrt N¢ui¢ring vouchers Cost of upkeep of Adoption animals Vel bills for Adoption animals Li¢encing costs Support Costs Governance costs 4.862,801 4,862,801 175,593 392,700 148,001 4,932 571,204 30,422 175,593 392.700 148.001 4.932 190,401 30,422 380,803 5243,604 942,049 6,185.653 Grdnls and donations in the year in¢ludes £682.101 restrtcied (2022.. £36.416) and £4,180.700 was W¢strIcted (2092: £2.941.371). Grant giving activities Adoption centre costs 2022 Grants (see note 8) Neutering vouchers C05t of upkeep of Adopiiott animals Li¢encing costs Vet bi115 for Adoption animals Support costs (see ne 7) Governance costs (stt note 7) 2.977,787 2,977.787 71,701 375.527 134,612 2,350 854.485 14,882 71,701 375,527 134,612 2,350 284.828 4.961 569,657 9,921 3,557,365 873.979 4,431,344 -22-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnuedj 52 week period ended 30 March 2023 Analysis of governanee and 511PPOrt Costs General Goverttante Support Costs 2023 Wages and expeThses Markeiin8 and promotion costs Website maintenance and development Accountancy General expenses Reslru¢turing costs Audit fees Bank fees 427,628 61.388 51.007 22.034 9.146 427,628 61.388 51.007 22,034 9,146 15,415 12,900 2,106 15.415 12.900 2,106 571,203 30.421 601,624 Support Costs and governance cosi are allocai¢d io charirable expenditure b85ed on colleague time. This ha5 be¢D estiMad as two thirts on grani project and one third on adoption centre5 General Governance support eosts 2022 Wage5 and expet Mark¢tÈng and promotion costs Website mainienance and development Accountancy Generdl expenses Legal fees Audit fees 326,611 55,812 70.013 21.258 4,827 375,964 326,611 55.812 70,013 21,258 4,827 375,964 11,321 3,561 11.321 3.561 Bank fees 854.485 14.882 869,367 -23-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52 week period ended 30 March 2023 ADalysi5 of Graots #nd FiTraDcial Support 2023 2022 Grdnr Programme .Pets Grant Pro8fdmme-People Community parn]ers Summer fidraIr (Restri¢ted) W¢¢k¢nd events (Restrtctcd) Ukrdine appeal (Restrict¢d) Donated pallets of food and bedding ,468.396 1.271.074 792.429 571.318 9.292 101,492 648.800 1.124,134 537,057 1.280.180 36.416 4,862,801 2.977.787 An8lysig ofGrnDts and Finattei81 Support over £10O1)O {uurestrAeted unle55 speclfled) Grants and Fln8ncial Support to illstitutions 2023 2022 Hearing dogs (Restricied) Blue Cross (of which £101,492 is restri¢¢ed) RSPCA (of which £1.582 (2022.. £2,071) is r¢strided) Cardiff Dogs Home (The Rescue Hotel) Cats Protection (of which £7.710 (2022: £33.915) is restricted) National Animal Welfare T1$t Rain Rescue Dogs Trusl tyogs For Gd World Horse Welfare Mare and Foal Sancwary The Cats Whiskers Highland Group Riding for th¢ Disabled Association (RDA) Pets as Therapy Litnited Hull AuiEnal Welfare Dog5 On The Strccts (DOTS) Freshfi¢ld5 Animal Res¢ue Young Glouce5ter5hire The Mayhew Dogs For Autism Medical Detection Dogs TheHorseCour5¢ People and Animals UK CIC Portsmouth Greyhound Trust German Shepherd Rescue Elite Bright Eyes Animal Sattciuary Three Counties Dog Rescue Hounds For Heroes A]most Home Do Rescue 571.318 422,117 182,671 180.000 151,203 132,310 110,000 l(KJ,000 98,168 90,0¢ 90.0(M) 80,500 80.000 71.852 64,01 62,000 49,740 46.200 45,418 41.600 38,700 34.390 30.013 30,000 30,000 29,900 29.500 28.51 26,850 193.077 96.471 10,537 99,296 41,600 -24-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52 week period ended 30 March 2023 9 An4ly5is of Grallts and Financial Support over £lll,IKIO (unrestrleted uDle5s specilled) (continued) GrAnts and Financial Support to Lnstitulions 2023 2022 Circle5 Network Paws for Kid4Endeavour Project Brit15h Hell Welfare Tt Refittp¢4P¢ls Street Paws THE CAT WELFARE GROUP LiiD Greyhournd Gap Saye Our Strdys Yorkshire Cat Rescue Strength and Learning Through HO¢5 Cavalier Centre Crdmar Cai Rescue and SaD¢tuary Cheltenham Animal Shelrer Greatwood Charity Little Paws Ferret Rescue Cats in Distress Baltos Dog Rescue Cavaliets in Need The Red Foundaiion Greyhound Re5¢ue Wales Our Special Friert(ts Hectols Gr¢yhound Rescue Stable Lives Birn]ingham Dogs Home Borders Pei Rescue Canine Par¢ners Bleakholi Animal Sanctuary Support t)ogs New Start Cat Rescue Hor5¢World Tnjsi Assisi Animal Sanctuary Woodlands Animal Sancthary Dog Assistan¢e In Disability (Dog AID) Give a Dog a Bone Appledown Rescue alld Rehoming Kennels Maxi's Males Cai Concern Huddersfield Fernl and Strays Cat Waich Rescue Shelter Bristol DA WG Raystede Centre for Antmal Welfare Leicester Animal Aid Linbee Dog Rehoming Animals in Ne¢d 25,000 24,737 22.000 22,000 20,246 20.000 20,000 19.000 16,480 15.600 14.976 13.235 12,910 11.7(X) 10.270 10.212 10,148 10,Ot 10.000 10,000 10.0 10,000 10.(KJo 25,250 24,737 15,500 20,540 15,600 10,000 242,679 97.604 55,708 54.622 51.944 41,828 37,167 35,616 30.750 30,0(N) 30,000 27,278 27.000 26,944 26,204 26,000 23,336 23.310 22,819 22.381 21.837 -25-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS feontinued) 52 week period ended 30 March 2023 9 AnHly$ls of Grants and FiDall¢ial Support over £IO,IKIO (unrestrieted ullle55 Specified) (CODtlntsed) Gr8nts and Financial Support to ill51itutiODS 2023 2022 Seeing Dogs Alliance Hors¢ Sense Wirral Boxer Welfare Scotland Tntst Oak Trees, Animal Charity Bliss Cavalier Rescue The Pellifor Trust The Hugs Foundaiion Teckels Anirnal Sancwary & Boarding Bristol and Wales Cat Rescue Crosskennan Lane Animal Sartctuary Sconish SPCA (of which £430 (2021- £19J34) is restricied) Cat Action Trust Lanark & Central Fife Cat Shelt¢r London Inner City Kitties Grants and donatiorts < £lO.CI)O 20.000 16.914 16,258 16,075 16,000 16.000 15,837 15,250 15.0(MJ 13.413 12,161 11.219 10,OOD 1,264.915 1.567,337 4,862,801 2.977,787 10 Colleague Costs HDd Ernolutnents The Charity is Managed by 9 tull time and I part titne collvagues (2022.. 6 full time and I part time) all of whom are employees of Pets at Home and were seconded to the cbariry during the period. Salary ¢05ts for these administrators. who work exclusively for the Charity, are paid by Pets at Home and recharged to the Charity. Th¢ costs are disclosed in Note 7. Colleague costs tnclude colleague inceniive sch¢mes, and managem¢nt and support service5 &5 disclosed iti not¢ 12. All other employee costs relating to other volunie¢TS were incurred by Pets at Home. 11 Auditor's Remuneratlon Amounts receivable by the company'5 audittt in re5p¢cI of the auditof these fanCIal stakments is £12.9(XJ (2022.. £11,321) 12 Tru$tee ReThunerntioD #ttd Related PArty TrnDsa¢tiOUS Trustees did not receive any expenses in the period (2022: £nil). No Trn4ees received any remuneration during the period or previous period. Income received from Pets at Home is disclosed in notes 2 alld 3. Amounts due from or to Pets at Home ¥r¢ disclosed in note 13. Five of the TNsiees of the Chariry were a150 employees of Pets at Home Group during the period. Mrs L Stonier is the Chief People and CulDJre Otricer, Mr G Lingw(K)d is the Transformation Director. Mr A Ba¢e5 is the Director of Supply and Merchattdisin& Mrs C Gavill is the Direcior of Private Brdnds and Innoyaiion ond MT5 C Curtis is Head of Taleni for the Vet Group. All oth¢r Trustees are independent TnteeS on the Board. -26-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52 week period ended 30 March 2023 13 Debtors 2023 2022 Amounts due from Pe15 at Home VAT Prepayments and other Debiors 422.917 9,684 9.000 59.990 28,948 118.588 441.601 207,526 14 Creditors due withlTr one year 2023 21122 Trdde creditors Credit card Other credilor5 Accruals 3.661 70.135 14 58,260 626.843 24,900 63,959 688.795 159.008 15 Analys1$ of net assets betweeD funds Restricted FuDds 2023 Unrestricted Fullds 2023 Total Funds 2023 Current wets Current liabilities 852 4,778,385 (688,795) 4.779,237 (688,795) 852 4,089,590 4.090.442 Restri¢t¢d Fund5 2022 Unrestri¢ted Funds 2022 Totsl Funds 2022 CuTrent assets Current liabilities 95,853 4,455,536 (159.008) 4.551,389 (159.008) 95.853 4,296.528 4,392.381 -27-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52 week period ended 30 March 2023 16 AD8Iy$is of Charitable Futtd5 Fund baiaryc¢ 2022 Intr)ttiÉDg rewllrces Outgolllg Fund balance 2023 resources Transfers RtrICted funds Ukraine appeal Third party merthandise Surnmer Fulldrdi5¢r 90.8 4.989 10.628 4.616 644.938 (101,492) (9.292) (644.399) 313 539 Total restri¢ted fimds 95.853 660.182 (755.183) 852 UnrestTlCted fund General reserves Mulii-year pledges 3.57&290 720.238 5.510.414 (S,492,(l) (225J51) (747.478) 747,478 2,847,225 1.242,365 Toial Unrestricted fitnds 4.296.528 5,510.414 (5,717.352) 4.089,590 Total 4.392,381 6.170.596 (6,472.535) 4,090,442 llleoming resource5 Olltgfrittg resource5 Fund balADce 21)22 balanc¢ 2021 TrnD5fers Restrfeted funds Ukraine appeal Charity weekend and third party merchandise 90.864 90,864 16.850 24.555 (3A416) 4.989 Total reStr1¢t funds 16,850 115.419 (36.416) 95.853 Unrestrlrted fund General re5erv¢s Large build fvnd Mulii-year pledges 3,054.779 500,000 5.569.695 (4.827.946) 1220.238) (500.000) 720.238 3.576.290 720,238 Tothl Unr¢5tricted funds 3.554,779 5,569,695 (4.827,946) 4.296,528 Totsl 3,571.629 5,685.114 (4.864,362) 4,392,381 -28-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnuedj 52 week period ended 30 March 2023 16 Analysis of ChArltable Funds (eontlnued) Restrict¢d funds The Summer 2022 fundrdi5er was to raise money in conjun¢lion with Hearing Dogs for Deaf People (charity number 293358) and as such the income and expetEditure of that campaign is considered restricted fund5. Pets at Home Siore5 continue to stk Hearing Dogs for Deaf People mer¢handise and this income a150 is passed on io Hearing Dogs for tkaf People as a donalion The restricted funds relate to the Ukraine Appeal and Third pwty Merchase which 15 branded merchandise sold on behalfofthes¢ charities. The expenditure is the subsequent donation toth¢5¢ chariiies. During March 2022 the Charity launched an appeal to rnise money to support pets affected by the war in Ukrdine. This money was then donated to chariiies working with animal welfare and sce5 working ill UkTaine and neighbouring countries. nated unrestrici funds In April 2021 the n¢w grdnt progrdmm¢ was launched. This opened up Brdllt programme io people Charities as well as pei rescue charities. In some cases the grants were for projects ovcr 2-3 years. The future fiding is noi a legal commitment and th¢refore has not been provided for in the wcounts. However the monies have been put aside in the multi-year pledge5 fill. In the past the trlLSt¢es allocated part of the unrestrtcred r¢s¢rves lo f¢mditiB a large-scale build projwt grant for a rescue celltre. Following the launch of the new grdnt programme which allowed multi-year funding th¢ trusiee decided that they no longer need this fund snd it ha5 been releLsed in 2022. 17 Commitments Th¢ Charity does noi haveany materialcommilments which are not accrued within the stsiement of fjnancial P05ition at the pertod end Ilate. -29-