The Pets at Home Foundation Financial Statements 52-week period ended 28 March 2024 Charily Number 1104152 & SC052589
Contents Page Reference and Administrative Details Report of the Board of Trustees Independent ALiditor's Report li Stut¢m¢nt ot. P inanLial Activities 14 Balance Shcct 16 tatLniLnt of'cush blows 17 Notes to thL' I,'inunLial SidlemL'iits 18
The Pets at Home Foundation
REFERENCE AND ADMINISTRATIVE DETAILS
52-week period ended 28 March 2024
Registered charity name
Pets Found<ilion
'l-hv Pets at Home foundation,
Charlty regi.5tratloJ) num ber
.nLland (Ind WalLs
Scoil<ind
1104152
SL052589
Registered office
OPLrHtioiiul a(Jd res5
Chester Huus
Lps()m AvLnuL
St
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES 52-week period ended 28 March 2024 Report of the Board of Trustees The Bo(Ird of '[ ru5tees presents their report logJLthLr with the (tudiled finiincial slalements of The Pets at Home Found(ttion, the 'Charity'. for Ihe 52-week period ending 28 March 2024. Objective5 and Activities The Charily was SLI up with a widv rangyu of objLLlivL's Ih(It would en<iblL the Churity lo pr()motL the wLlfare of (Inimti15. -1-he l)L'ls at 14oinL I,uunddtion wurks dlon&isidL like-ni indLd parlnLrs to SUPPL)rt pLls and Ihe people wl)o love them by.. Proinolingy and LncourdgFinb, the re-hominb¥ of adopiable pets. Supportingi local animul LhdriliLS and buildinb7 communily relalion.%hips: ncouragL rL'SPL)n%iblL pLt uwnLr5hip. ProvidL tempordry or ungToingJ ussislunLe tu ensure pels can rcmain with owners changFinLJ IhL livLs ol. udulls and LhildrLn Ilirougih thL provision of &inimul-ba5ed activities Public Benefit 'I'h¢ IruslLLS conlirm Ih<il IhL'y I)(Ive rvfLrrLd to IhL Churiiy Lommission's gbLnL'ral gFuid(InLV on publiL benLfit whLn rLvi¥win&b IhL Lhiirily's ubjL'LIivLS lind iiiills (Ind planningy futurL acliviliLS for the yL'ar. 'I'hey LunsidLr ihut ihL Lli<irily'S uiin5 (LrL LILiirly lor tIIL publiL bLnLlil. PrlncipMI Activities 'rhe Pets al Hom¥ Founddlion exists to create a better world tor pets and thL pLople whu luve them. 'I'hrou&ihout Ihis yL'ar, L)ur chtirily h(15 cuntinuLd to fucus on this by aclivLIy 5UPPOrtingb Ihose in need through our &iranl und community PilrtnLr proLJram, 'I'hruugh this initiative, we ext¢nd uur reuLh tu or&iuni4ulions dLdicated lu helping pets and people and making7 u ditTLrencL' in local LommuniliL4 YLros5 Ihi, UK. 13y Lullabordtingy witli these orLFiinisdtion5, we aim to uddres5 vurious chullenbye5 pets lace in rcscu¢ centre5 whilL supporting PLople whL) benefit from a pet's as5islilllCV. 'l-he l)e15 ai l-lomL Fouiidalion rL'mdins d¥diLat¥d lo its mi55iun of re-huniinL' pets. 'Ilirou&,houl IIIL yL'ar, our eftorts havL focused on this ¢riliLal d4pL'¢l of our work through our 447 tidopliun CLlltre5 insidL I)Lls al l.lomL slorLs i)alionwidL. 'I'hes¥ dLdiLdtgd 5pacLs drl LruLl&il in providing (ind shelter to sinall pels lookinbp lor il forever-luvin&i home. 'l-hrougih our colliibor(Itive eflorts with P¢ls at Home and other partners, we are proud to contribute lo the re-homin&T of countle55 PLIS, allowing¥ thLm to thrivv in lovin&¥ (Ind Citringi environinen15. A5 we continue our work, we remain committed to promolingJ rLsponsible PLt ownership and ensuring every pet finds d loving and permanent home. Structure, Covernance 8Thd Management Governin Document The organisation is constituted under a Irusl deed daled 4th March 2004 a5 amended 17th May 2004, 13 September 2010, 17 May 2012, 23, August 2017, 3, AuLyust 2020, 141h Augu512020 and 18, February 2022 and was registered as a charity in England and Wales on 4 Junv 2004. On 5 June 2023, the charity regislered with the Scottish Charity Regulator due to its operations in Scotland
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 52-week period ended 28 March 2024 Structure, Governance gnd Management (continued) I rustees Tl)e TruslLLS wlio sLrvud durinLy the puriud dnd up lo IhL d<lte the rLpon wa5 dpproved, and their altendances It Irustee meelinbys duringF thL period ¢ndLd 28, March 2024. are Iisied below.. Name Trustee MeetinLI Mr A ljales (515) (215) (315) {313) (113) {515) (oio) (oio) Mr A Bickerton Mr% L Curlis Mr W IILwish Mr G Linbjwoud Mr% J Niiylor Ms L13ain% Mr C. WLIIS l-he 'l'ruslces received no rvmunLralion (2023.. £nil) from thc Charity for their work. 'rrLisl¢cs arL <ippoinlLd fur Iwu yLars, dnd IIIL. IriislLL buiird Inusl rL.LILCt IhLm al IhL' Lnd ol. Ihis IL'nn if Ihcy wish to rLIM4iin tru.%lLLS. 'I'IIis yLur, d ILnurL poIiLy w(is inlroduLLd tur thL IruslLL. b021rd. ALLurdin&? lo this poliLy. inlL'rndl tru41LLS Iruin IhL I)LIs ¢lt l-lumL Cifoup Liin 5LrvL lor (i muximuin IL'nii ol. six yL¢irs. wli ile extLrnJl IruslLLS can sLrvL lur u ninL-yLiir ILnn. Shuuld d trusteL SLfvL beyond IhL m(Iximum tenure, u rLviLw and Lxpldn(ili()n niusl bL illLludLd within this rLport. 'I'hL Lliitriiy h2kS ollL' IrustLL whu hds sLfvL,d bL'yond this tLnure policy. It has bcen a&yreLd that this trustee's ILrin will LonlinuL duL tu thL nLLd to muinluin (I biiliillLL bLIwL'LI) inlLrndl iind L'xlLrnal IriislL'¢.%, Mr G l.illgTwood rusigpllLd <1.5 41 IruslLL un I I th OLlobL'r 2023, dnd William l-ILwish wus dppointLd as Lliuir of Ihl budrd un 2uIII SLptLmbLr 2023. LULY 13ains <ind Lulluin WLIIs were (IppointLd as Irust¢¥s on 21 sl Murih 2024. All nLw Iru%lLLS fLLeivL 11 Ll)py uf11)L ori&iiniil trust dLLd iind 5Lippl¥mLlltiil dLLds and (in induLlion p(ick, which illLludL% Lh(Lrity Lommissiun LyuidJnLL for th¢ nL'W rolL. NLW .1 ruslLes arL invitLd to 5pLnd liinc with IhL trusteL bodrd lo undLf51and thLir rcspunsibil itiLS und with Il)L IL'UM lo undLrsldnd thL chdrily'S dily-Io- day operutions. Risk Mdn iumenl 'I'he Bodrd of 'l'rustees Lontinuiilly review5 iiny risks to which th¢ Chiirily may be exposed by reviewin&p the risk reg?islLr throughout ihL year. -lThe bodrd 15 issuLd with IhL risk riLJistL'r before every board mLelin&. At Lach InLeting', the bo¢wd ruviews thL' risks tli(Il hdve the hi&phest likelihood and impact, SLorin&i current ontrols in pl<ice and ouiliningF any further action th<il needs to lakL plilce. One of thL critical risks f¢icing thL ChilY is thc potential Éidv¢rse impilct uf the current economic climate on income, which could result in redu¢L'd incom¢ and an inability to fulfil finiincial coinmitments. While the charity acknowledbyes it has no control over the external economic climate, it is actively definingJ ils fundraisin&p strategy to miligFate this risk. The charity aims lo ensure financial stability by exploring more diverse income streams. Additionally, the charity is developing a communications stralegy to demonstrate to 5UPPOrters the significant impact their funds having on local communitie5.
The Pets at Home Foundation
REPORT OF THE BOARD OF TRUSTEES (continued)
52-week period ended 28 March 2024
Structure, Governance and M8nagement {eontinued)
?anisa¢ional Structure
'I"he main trustee board met five limes over the year for strategy and plannin&F TneetinbJs and a 5pccial
appuintmenl meetin&.
undingi applications continuL lo be reviewed by a sub-committee, and any requLsls under £75,000 iir
reviewed by Ihis LominitlLe. 'I'rustees LonlinuLd to reviLw g>riint rLquLsls lotallinbi over £75,000, of which
thesL mL'Lling7S tuok plaLL OUtsidL of thL' pldnninby and dppuinlmenl mLLtin&ps.
WhilL' thL .1 ru.%tLL5 dLLidu thL slrdlL&iic direclion and policies, thL Lharily 'I'eam h(ts be¢n deleb¥ated ihe ddy-
IL)-day munagLmLnl ol'thL Charity.
On 5th JunL 2023, thL Lhurity rLbJi51LrL'd with thL SLultish Charity RLgyuldtor duL' lo ils operulions ii) Scoilpnd.
RelutLd l)urtiLJS
Althuubh 'l'he Pets dt Home P'oundation is u relIstred Lhurily, il is intrinsically linked to Pets ul Home
(iruup plc ("IJLls ut Home") and is reli(Inl on IhL busines5. '1'hL bu%inLSS L%lublishud IhL Charily, and P¢ls ut
14omL LontinuLs Iu 5uppurl the Ch(irily ¥xlLll%ivLly. A5 IhLir nominalLd Llldrily, 'I'hL I)Lls Jt l-loinL
l.oui)duliun is ullowLd ¢iLCLS5 to lundr(tisL within sl()rL5, thL Suppurl Ul'IiLLS and IhL' Dislribulion LLnlrLS
und to
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 52-week period ended 28 March 2024 Structure, Governance Managemenl (continued) Related Parties continued Four of'the .1 ruslees of'thL Lharity were i1150 employee5 of Pets (it Home (iruup duringy this time period. Mr Will iiim l-lewi5h is thL' ChiLf' Iliforintition OffiLLr, Mr A Biltes is il)e Supply Lh¢iin DirLLior, Mrs L Curlis is tl)¢ l-ILad ol. Susliiiiiability, Mr (i Liiigiwuod is thL DireLtur of Distribuliun itnd Lub¥iStiLS (rL5igynLd), tind dll oih¢r 'l'ruslces ¢ire indepLndLnt .1 rusteLs on the Boitrd. Review of Activltle5 'I'his yLar we are proud ihal we huve continued to build on a nutionwide fuDdb(Ink projLcl iilung55idL iJIuL Cr05S' this yLar, WL. arc proud thal WL dLliv¢r¢d thL' lull rollout of loodbank5 across illl l)#15 (li HOML 51orLS, %upportingi ovLr 400 loodbanks ii) local Lommunitie5. '1-his projLLI is kLy tu helpiiig? lo keLp PLI5 iind pLuplL IogJLlhLr' Ihis is a kLy stralL'gJlL dirLLlion ol. IhL I,uundulion id¢ntilyiii&p Lauscs whLr¢by illi individu<il niily havL lu lacL IhL dilliculi dL'Lision of surrLndLringi ih¢ir pet Jnd huw w¢ Ldll SUPPDrt th05L ru()t L(iusLs, whiLh in turn supp()rts the rLsLue sector, 'I'his yviir, IhL churily hu% dLvLlopLd a new mLlhodolo&y lu dL'mon.4tral¢ thL numLricul iinpacl of IinanLiuI support (Ind dundtiUTlS. WL arc. proud lo rLporl Ihal, Ihrougph Iliis approaLII, WL havL IILlpLd ovLr 120,UUO pL15 (Ind 8U,000 pLuplL (Icross IhL UK. Our m ission is tu crLatL a bLIILr world lor pLls und lh¢ PLopIL who IOVL IlILI)I, and witli tlii.s IT)i%4ion in In ii)d, WL uiii) lo hLlp uvLr l 00,000 p¢ls LvLry y¢ur. WL proud Ihat in thL lirst yLdr u1- inlruduLlllg this Idrg?Ll IhL Lharily hds (IcI)iLvLd il. 'I'hi5 year, thL Lhiirity hi15 coinplLILd d lull rLViLW of trustLL rL'Lruilinent, includingT introducingy a tenure poIiLy und LrLutillgT (l %ULLL55ion pl411) 10 suppurl IhL lulurL ul. IhL Lhiirity. 'l-his yLdf, il ILiiurL poIiLy Wds iilso ii)truduLLd lor IhL I ruslLL bodrd; thi5 indicatL'S that internal trustees Irom IhL PL15 ill l-lomL Group {intLrn(Il) Ldn sLrvL lor il Indximum of. six yL'iirs IL'rm, IruslL'L5 th(Il arL Lxlern<il lo Pe15 dt14oinL cun SLfvL lor a ninL-yLar tLrm with a rLViL w and cxpl(Indlion within this report should <1 Iru51Le SLfvL Pdsl thL Indxiinuin tLnurL. 'I'hL Lhcirity hils unL IrLisILL wl)o ha5 scfvLd past Ihis tLnurL policy, but it ha5 bL¥n ub¥rLLd ihdl dul tu ihL biiliillLL nLLdLd bL'tWL'Ln inl¥rndl <ind LXtLrnitl tru51LLS, Ihis will bL Lonlii)iiLd. 'I'h¢ chdrily has dili&pLnily Londu¢lLd J thoruuu,h pulily rLviLw in dLLurddnLL wilh biuiddl)CL, Lnsurin omprchLnsivc ¢0VLru&y¢. 'l-hc ¢harily is also rL&llStered wilh thc Scottish Charity L'oinmission. 'I'hi% y¢ur, thL charily und¢rwent a diblilal rebrandinu, procc55, securingF u workinbi namc as 'PLts FoundHlion' whil¥ muinluinin&y th¢ urigpinal nam¢ 'PLls ut I lomL I,oundulion. I'his strdlLbFic InovL LnsurLS ali&FnTIILnl with the charity's finunLial modLI and fundraisin&T efyons. Community and Gr8nt funding As IhL ILadinL findnLidl %upportLr of rescu¢s in thi UK, our didiLdlion lu this s¢Llor has bLLn UllWdv¢ring' since our Lharily firsl sldrlLd. 'I'his yL¢ir, WL pruudly continuud this support by providingi ovLr £960,000 in gyrant fundingy, wilh a further £447,000 pl¢d&yLd to support rLscue and rehomin&i or&yanisations. 'lThesL funds arL crucial in SUPPL)rtingy th¢ ess¢nti¢il day-to-dily funds, such ds SilPPOrtingy vuterinary costs to kennLI builds. We have also expanded our support to include iniliatives addressing, pet relinquishment. We recoL7nise the sigynificance of this issue. we ure committed lo identifyingTr the underlying reasons behind pet relinquishment and 5UPPOrting this. By focusing on pet relinquishment proLirams, we aim to keep more pets in loving homes, reducing the number of animals enlering rescues. 'll)is strategic <ipproach supports individual pets and their familie5 and strengthens the entire sector.
The Pets at Home Foundation
REPORT OF THE BOARD OF TRUSTEES (continued)
52-week period ended 28 March 2024
Community and Granl funding (continued)
One ofthc recipients of fundingy specifically lo help those thinkingi of relinquishingy their pet was Oak 'free
Aniiniils, Chtirity, based in Cumbria. 'I'hey were awarded £24,277 every year for twu years towards the
XP(Insion ol their oulrL(ILh work, which hulps local pel owners through (IdviLe, trdinin&, low-cosl
neulLrinL', PLt foL)d b(Ink%, emLrgJcncy pLt Iiistl'ringi, and Inore, ils WLII its neuleringy liral L¢ils.
Oiik -[ rLL Animiils, Charity aiins lo kLep pels und ownLrs lu&yether wherever p055ible dnd uppropriate,
providing prouctive support servicL's dl IhL hedrt of. the Lommunity as well 115 iinimul rehomingp from Iheir
buse (li Udk .1 ree Fiirm.
'WL AiratLJfiilfi)r ihL .i'upp()rl ()fl el,s Tr f)iindullf?n. 7li¥ir x¢>n¢Jruii.¥ Airanl will cjnuhle ii.s Iv ¢'onliniiv lo
devL)lup L'ummUnity.%'LrV jc'e.5, uduplin&J und expandinx ()iir prdvis'idn lu MLJLJI ihc incrLu.5inx (Jf
pel r)wnLJr.% ihruiiAihiJiil (jiir rL'kij(Jn u.i ihLyfuc'LJ ihc Lh(Illcn&re.5 Luii.i'¢.d hy pL)I IiwnLr.ship i.%.%iiv.% und ihc,
in¢rcu.s'¢.d ¢(?.%l cJflivinA'. N(J ¢)17L' AyLJI.% u pLJl wiihi)iil uny IhcJiiA,hi i)J'IIuvinAI Iu AllVL' il 141?, und ihtp rL,humin&'
prcJLcJ.s.5 i.s ii.siially hcAuribrL'ukinA'f()r hfjih ihL ()wncr und ihL' uniipiul.i invulvvd. Ily hL,IpinxJ ii,s Jiind (Jiir
cjniniiinily.i.vrvjc¢J.i. l)¢l.i Truiinduli(Jn 1.5, hLJlpin%i ()uk 7rce kL¥p pLJl.i' in IiivinA, hijniL%
C'ur(Jlinc
.JfJhn.s'un. C'hiLJf LYeLtilivv. Irve fvarm.
In our third year of sUPPOrtingJ orgyiinisdlions dediculLd lo assistin& peuple IhrouLh pets, wL're thrillLd to
announLe thut we awardLd uver £1.6m illion (inLluding plL'dgpes relLysLd) lo supp()rt initialivL's hL.Iping
th05L who nLL.d it must. WL know Ili(It pLts LnriLh pLoplL's IivLs cuinpunions (Ind arL' ()IILn lilelines for
individuuls facinby vuriou% LhiillLngJL'S. WL tdkL L>fLal pridL in Lollubor(IlinbJ with IhLSL LliiiriliLs.
rLcogTrnisinb> IhLir invuluiiblL Lontribuliuns lo uur IoLdl LuminuniliLs.
OnL of. thL r¢LipiLnl4 of this fundinbT 15 13r¢iVLhound, who is basLd in Scoiland,. IhLy werL award¢d £95,000
OVLr Iwu yL'
The documenlation surrounding the adoption of a new pet is reviewed regularly, any amendments or updates
are communicated to all stores and updated brieting documenls provided. The Adoption CgntrLs are
monitored in-store by the Field Pet Partners, which are employed by Pets at Home.
The adoption process is undertaken through the Pets Ai Home Ace device5 (in-5tore devices carrying
bespoke software used by Pets Ai Home colleagTue5).
Thanks to Pets al Home's colleaLFues who care for these pets and rehome them to their forever home, the
charity rehomed over 35,000 pets.
Fundraising
The Pets al Flome Foundalion subscribes lo the policies of the Pundraising RegTulator, whiLh oversees
fundrÉiisill&p ilLlivily. 'I'he I,undr(iisin&i RLgiuliilor invLsligTalL5 and, whLre nece55ary, t
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 52-week period ended 28 March 2024 Plans for the Future As we look ahead, Ihe charity is keen lo continue rollinLi out our rebranding efforts following this year's successful di&¥ Ital transformation. While we anlicip(Ite this tu be a grddui)I proLess, we're enthusiilstic about seeinbT this come to life. A hi&hligyhi on the horiion 15 our upcomingi summer fundraiser, which will direcily benefit over 400 food banks in loLal communities. 13uildinby upon the succe55 of our pei foud bank projLcl in Lollabordlion with Ihe Illue Cross. this iniliative rLmains key in sUPPOrtinb pe15 und thLir ownLrs, which is a core slrategyic priority for us. 'lThe lundraisLr will collect food and finiinciiil don(ItiL)ns, with thL fuud direLily supporliii lucal tood banks and th¢ finanLi¢il doi)dtions supportinb 131uL Lruss's ungFuinby Lllons in tood b(Inks nationwidL'. In uddilion, wL'rc thrilled to unnouncL IhL IuuiiLh of our new &7rtini funding prugprdmts, whicl) will focus on thrLL. kLy pillars.. pLI rLscucs. pLI rllinquishinent iniliulivL's, Lind (1551sI(IllLL' dnd thLrapy progyrum5. '1-his %h()ws our Lumm itmLnt lo addrLssin&p Ili¢ divLrsL nLL.ds ol. PLIS (Ind IhLir ()wnL'r% whilL makingi a InL'Jninbful impact in locul communilies. l. urlhLrmorc, IhL I,oundulion is uctively se¢king to recruil an extemul trustee with L'xperti5e in the charity LLt()r. 'I'his individuiil will support our exislinby bourd und churily IL'dm in shapingy IliL slratL'b'y und fulurL dirLLtion of IhL churily. Flnanclal Revlew '[ utal inLoming> resourcLs in ihe period increased by £665,420 to £6,836.016 (2023: £6,170,596). 'l-he inLfL'it5L is due to SULCLssful fundrai5inbi campaibins and the cuntinuLd support of Pels ut Hume and its LoIILLlbFUL5, Donations incoine in the period amounted incrLused frorn £4,879,004 to £5,294,42¥ und InLomL. from CharitablL' Aclivilils li.11 frum £867,335 to Lit03,352 duL lu fL'wLf <iniiiiitls iidopiLd Ihrougih ()ur udiipliiin L¢nlr¢s. InLome rLLeived fruiii olli¥r trading aLlivitius in thL pLriud dmountLd to £610,755 (2023: £3C)(),682). 'I'h¢ chariiy has muinluinLd ils suppurt of rescues and pLI and PLopl¢ churiliLS througl) the &¥ranl progyrummL, Lommunily partncrships, 5umn)L'r uppual lor HLurin& lur thL Deiif (ind IhL' donation lif luod and bL,ddin& pallLls totullinbi £4,706,815 (2023.. £4,761.309). inLludinby the rLlea5e ot. yLurs 2 und 3 multi-y¢ur pran1%. At thL ¢'nd ol. tl)L reportin&, PLriod, luldl unrL5triLtL'd funds w¢r¥ £4,346,265 (2023 L4,089,590), RL%lriLILd funds ol. £Nil (2023.. £852) rLldlLd lo ihL salL' of- RSI)LA, S¢otlish SPCA and Li115 1)rotLLlion l-Iu4win Do&15 tor DLaf i)euplL mL'rchdndi%L whiLh havL YLI lo b¢ doniltLd lo the rvlev(tnl Lharily. 'I'hL lolal tunds of. the chiirity were £4,436,265 (2023: £4,09U,442). 'lkni5 increase coMped to 2023 15 a resuli ot. the incre(Ise in donations received during the yuar. 'I'hL charity ha5 sel (15id¥ £1,476,846 (2023.. £1,242.365) of. ils unrestricted resLrves for LJranls tur 2-3 yeiir projec15 where we liave funded th¢ inilidl year of ihe projecl. 'I'he charity continue5 lo hold cash reserves of £3,953,550 {2023: £4,337.636). Princi al Fundin y Sources lThe principal funding sources for the Charity are donations for pets via the adoption scheme, fundraising a¢tiviliLs within Pets at Home 5tore5, Veterinary sUrlerIeS, Support Office and Distribution Centres. -lThis year saw an increase in fundraising from individuals through virtual events. rnerchandise sales of face coverings and online donations via the Pets at Home website.
The Pets at Home Foundation REPORT OF THE BOARD OF TRUSTEES (continued) 52-week period ended 28 March 2024 Financial Review {continued) Goin concern 'rhe charity reported a surplus of £345.823, a cash oultlow of £384,086 for the year and held cash reserves of £3,953,550. '1-h¢ budgiets have been prepared for the next two ye(tr5 (ind are continually reviLwL.d by the team (Ind thL trusieL board. 'lThe trustees have assess¢d the risk5 to the chiirity, includingy the current Lost of livinLy Lrisi5 ¢ind ihL impact this may havL on aniilldl rLscues ai)d re-hoiiiinLJ orgjdllisdlions. As a giranl-&>ivin ch<irity, thL ch(Irity would be ablL to rLduLL ils LxpLndilurc si&ynitlCitnily in thL LVLTbl uf a sigJnilicant l{Ill in incoine. 'l-herefore, thL irustLLs arL Lonl idLnl thal the Lharily has suttlClLnt fin(InLl¢il rL5uufLLS to conlinue a5 a &Toin&y concern for the foreseedble future. anci ort to rescues (Ind Ll Lhurities (iruni.MukinAI l)iJli¢y undingi is awarded in line wilh the 'Grant Punding, Criteria, doLument. aliholigih 'l'rustee5 Lun use IhLir disLrLlion to dwiird funds oul%idL of thLSL' giuidL'linLs it. IhLy dcLin il appropriutL. 'l-hL fundingJ LrilLfid dre reviLwL'd on d rebjuldr busis, iind rLLUtnmLndcilions arL mddL to the .1 riislees for uppr()V(Il. l.'()Ili)winL' coiilirmution of th¢ crilLria, they Lire miide publicly avuilablL on the website und Lommunicdted to all rLsLuLS. All upplicalions are subjLct to d follow-up dnd evaluiilion process lo ensure Ihut gyrants ure used for the purposL for which thLy were awurdLd. Grunl,s A lol(Il uf 77 giranls WLfu ¢lW¢ird¥d lo IhL rL5LUL %L'Llur, with 41 tuliil uf £()66,000 in fundingi and <1 furiliLr £447,000 plL'dgy¥d ov¥r ihL nLxI two yLurs. In liddition, IhL Lhtirily hi15 5uppurlLd 48 pLI dnd PLoplu LhuriliLs with funding lolullin&i £1.6m illiun {inLluding l unds rLILdsLd Iroin prior plL.dgiL5). WL havL ¢il%u plud&>Ld a lurthLr £531,000 ovL'r thL nLxt Iwo years, Cummiinily l)urlnL'r l)ru&Jrumvi 'I'hi5 SUPPOrt progFruin hds Luntinuid tu provc a vLry Lll¢LlivL way ()I' workinbi with chiiritigs. It allows dn urb7iillisiiliun (Ind storL lo colldboriltL' lo dLIivLr n()t only lund% l()r thL fLsLULS bLII (Ilso r(IiSL <lWiifLI)L55 in the Ioctil Loniinunity ot'the rLscuL and thL pLls in thLif LdrL. 'I'hi% yLdr, WL hdVL bUPPOrtLd over 300 orbTtinistitions wilh over £943,000 cumptirLd to 2023, whLn WL dondlLd £792,000. Inve5tm¢nt l)olic 'J'he iiim is for m05t of Ihe Charity's funds to be spent in the short lerni, 50 there are f¢w funds for lonb'-lemi investment. Punds in excess of those required for day-to-ddy cdsh flow ¢we held in a flexible intercst-bearin& currenl account. ResLrves Polic ThL Trustees fLLFularly review the reserves policy. The policy 5tdte5 th<il thL Chdrity will hold &Tr¢n¢ral reserves sufficient lo cover approximately 12 tnonth5 of runnin&¥ cos15, includingJ administrative cosls, neutering vouchers and adoption pets upkeep and vet bi115. Based on the 2024-25 budgyel, this is estimated to be £1.5m. The reserve policy will be reviewed every year as part of the budLJet setting, for future years. As of the year-end. the charity ha5 unrestricted general reserves of £2,959,419 (2023.. £2,847,225) excluding designated fund5. Over the last few years, the charity has broadened those il can support with funding and introduced multi-year funding- this tnean5 that we have continued to reduce the charity's free reserves as planned.
The Pets at Home Foundation
REPORT OF THE BOARD OF TRUSTEES (continued)
52-week period ended 28 March 2024
Stutement of Tru5tee5' Responsibilities
'I"he Charity's accoLtnts have been prepared in aLLordance with the Statement of Recommended Practice
applic(Ible to charities preparing their aLcounts in accordance wilh the Financial Reporting, Standard
applicable in the UK and RLpublic of IrLland (F'RS 102) (effective l January 2019), and with United
Kingdom Generally Accepted Ac¢ounlin&) PractiLe (United Kingdom Accounting Standards Lind applicable
law).
-lThe law applicable to charities in Engyland, WalLs und Scotland requires Ihe 'l'ruslees lo prepare tinancial
stutemLnts for euch finunLial yL'dr. which gJivL (i true iind fiiir view of. Charity's linancial uclivilies during
the year and ot ils finanLial position at the Lnd of the year. In preparinbi Ihesc financial statements, the
.1 rusteLS (Ir¢ requircd to..
SLleLt suiliible accounting policies and IhLn apply ihLm Lonsi%lLnily;
Inake jud&¥LmLnls and LslimiilL5 that urL redsonable and prudent;
prepure the financial slalLmcnls on a gyoinbF LonLern b
The Pets at Home Foundation
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT
HOME FOUNDATION
52-week period ended 28 March 2024
Opinion
We have audited the financial slatements of The Pe15 at Home bounddlion {'the charity,) for the 52 weeks
endLd 28 March 2024. which comprise the Statement ot F iniincial Aclivities, thv Biildnce She¢l, the
StiltLniLnl of. Cash l-. lows and noles to the financial statements, includinLF sigin ificiint <iccountin& policies.
'I'hv fin<inLl<il rLpurting, framework that has been appliLd in their prepartiliun 15 dppIIL(IblL l(Iw and United
KinL,duin ALcountinLy Standards, includingy b inancidl KLPOrtin&i Sianddrd 102, '1-he F'in(InLitil Reporting
St(tnd(Ird iippIiL
The Pets at Home Foundation
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT
HOME FOUNDATION
(CONTINUED)
52- week period ended 28 March 2024
Mlltters on which we are required ¢0 report by exception
We have nothinLF to report in respect of the followin&i matters in relation lo which the Charities (Accounts
and RLports) RvgFuI(ttion5 2008 and the Chiirilies Accounts (Scotland) Regyulalions 2006 requires us to
report to you if, in our opinion:
the inforniuiion &Fiven in the financial slalemLnls is inLonsistenl in any material respect with the
tru%tL'LS' report; or
%ufficienl und proper ¢iccountinbi records have not been kept by the charity. or
the linanLial slatL'mLnl% arL not in abTreemLnt with the ULcountinsy records and returns; or
we have not received all the inf¢Jrniation und Lxplanati(Ins we require fur our dudil.
RL%pun¥lbllltles uf trustecs
As explained more lully in the IrustL'LS' fL'sponsibilitiLS sldlLmenl Sel out on p(IgTe 9-1 O, the trustees arL
rLsponsiblc for IhL' prLp<if4ltiun of IhL. linanLiul %ltilL'inLnls (Ind fur bLinbi sulisfied Ihut thLy &FIVL' il IruL und
Iiiif VILW, and lor %ULh intL'rndl Lunlrul u5 IhL truslLLS dLILnninL 15 nLLessury Io LnublL the prepurution of
rindllLial %lalL'mLnls Ih(Il (IfL frLL. fri)iii IniilLriiil mi%%liilLinLnl, whLihLr duL lu Iruud or Lrror.
In prLpurinbi thL Iinancial stateinenls, IhL Iru%lees urL' rLspunsiblL for <lS%LSSinLw thc ch
The Pets at Home Foundation
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE PETS AT
HOME FOUNDATION
(CONTINUED)
52- week period ended 28 March 2024
Extent to which the #udit was considered c&pablL of detecting irregulmrities, ineluding (rllud
(continued)
WL obtained an understandin&¥ of lh¢ le&¥al and rL&iulalory IT¢tmeworks wiihin which the chtirity opLrdies,
foLusingF on thosL law% dnd rLgJuldliun% thal have il dirLct ¢lfLcl on the delLrin in(ttion of In(Iteri(Il iiinounls
Ind disLlosurLs in thL fin¢illLidl sldtL'inLn15. '1'he laws (ind regiulalions WL LonsidLfLd in this conlLXt were
thL LhiiriliLs ALt 201 I dnd 'l'hL Lharitius und .1 rustLe InvLstmLI)l {Scoil(Ind) ALI 20U5 to&iethLr with the
Lhiiriliv5 SORI) {I,'R% 102). WL assL%sed ihL rLquirLd compliance with Ihese laws und r¢&iulations i15 Pdrt
of our dudil pfoLL.durLs on IhL rLldtLd finuncial statLmLnl items.
In (Iddilion, WL LunsidLrLd provisiuns ol. othLr laws and re&?uldtions thill du nul hilVL' (I dirLCt LffLLt un thL
Iin(InLidl .s1(IILmLnls but compl idnLL with whicl) migyhi be fundJin¢nlal lo thL Lhiirily'5 itbilily to OPLfiltL ur
to dvuid 41 In(IILri411 pLn(Ilty. WL. al%u LonsidL'rLd thL oppurluniliLs ¢iiid ii)LLnliv¢5 ihiil Indy Lx isl witliin thL
Lhiirity for fraud. 'l-h¥ laws and rLgiulutiuns WL. consid¢rLd in this LontLxl for the UK OPL'f<ltions wLrL thv
undraising Reg7ul<iliun% und th¥ (iainblingy Lomm ission RL&pulalion5.
AuditingTr standards lim it the rLquired audit proLedures to identify non-Lompliance with IhLsL laws and
re&)ululions lo Lnquiry of thL 'I'ruslees and other InanabiLment dnd inspLLtion ol. rvgFultitory and legFal
Lorr¥spundLncL', ifr. uny.
WL idLntifiLd IhL LyfL(ItL.%t ri%k of111(IILfi(Il iinp<lLI on IhL IinanLliil slalLinLnl% frum irrL&¥uluriti¢s, includin
Ir(iud, lo bL within thL uvLrridL ol. Lontro15 by InanugJLillLnl. Our audii pru¢¥durL'S lu rLspund to IIiL'5L risks
inLludLd LnquiriL5 of mdndg?LmLnl, 5<implL IL51ingp on Ihl p()slingy ofjournals. rLviLwinby accounlinb
Lstimiltes tor bi(1SLS, rLvicwin&i rLgTuldtury LorrLspundLnce with IhL Charity Commission and rcadin
minulLS uf meLtin&T5 Ot. Ih05e LharLyLd with gFOVL'rnunc¢.
Owing lo thL' inhLrLnt liinilaliL)ns of un
The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 52-week period ended 28 March 2024 Total Fund5 2024 Tolal Funds 2023 Restricted UnrestriLted Funds Funds Note INCOMING RFSORCES Income and end(bwm¢inls from: Di)nati()ns aiid IL'giaLies I ncome trom uth¢r Iradinby aLlivities InLome from Lharitable aLtivilies Inv¢.stment income 591,535 62,710 4,702,893 548,045 803,352 127,481 5,294,428 610.755 803J52 127,481 4,879,004 399,682 867J35 24,575 'I'otal inLume 654,245 6,181,771 6,836,016 6,17U,596 IIFSOURCES FXPENDED I'xpc'ndilurL' un: Costs ol. ruisin&y lunds LxpLndilurL un Lliarit<iblL' <lLtivitiL's 75,965 579,132 251,867 5,583,229 327,832 6,162J61 2116,1182 6,185,653 otul expcndilure 655.097 5,IS35,096 6,490,193 6,472,535 Net (ExpL)nditurc)IlnL'()mL' and movemLbnt of fund.¥ for thL' yL'ar (852) 346,675 345,823 (301,939) RF.CONCILIAI'ION OF FUNDS .1 otal funds brougiht forward 852 4,0119,590 4,090,442 4J92J81 Total fund¥ L'mrricd furnard 16 4,436,265 4,436,265 4,090,442 -ThL StiilLinLnl of FindllLial ALlivitiL'S inLludL5 dll gFdins and losses in the period and therefore a 5tateinent ol. tolal rLco&pniscd &)ains IossL5 hds nul beLn prLparLd. All of ihe above amounts relate to continuing activities. The notes on pages 18 to 30 forni part of these financial 51alements. 14-
The Pets at Home Foundation STATEMENT OF FINANCIAL ACTIVITIES 52- week period ended 28 March 2024 Tolal Funds 2023 Total Funds 2022 Restricted Unrestricted Funds Funds Note INCOMING RF.SORCFS InL'UmL' und cnd()wmL'ntli from: Doncltivns (Ind IL&J(ILIL'S I IlL()me trom othLr tradingi uLtiv ities Income from Lhdrilublc (Illivities IIivL51mLnt inLoine 626,327 33,855 4,252.677 365,827 867,335 24,575 4,879,004 399,682 867J35 24,575 4,273 J98 606,068 8115J04 343 'olul incuniL 660,182 5,510,414 6,170,596 5,6115,114 IIF.SinlJllCF.S F.XPENDED Tr:xpLhndilurLI Ibn: Custs ol. rdising¥ funds LxpLnditurL on Lharilable uctivitics 73.082 682,101 213.801 5,503,552 286,1182 6,1215,653 433,U18 4,431 J44 .1 otal LxpL'nditurL 755,183 5,717,353 6,472,535 4,864a62 Nel (FJxpendilure)Ilncomc and movLbmLsnt ()f fund¥ for thL¥ yL'4r (1)5,001) (206,()38) (301,939) 820,752 RF.COIYCILIATIOIY OTr FUNDS .1 otal funds bruu¥ht forw<ird 95,853 4,2()6,528 4J92J81 3,571,629 Tutul funds LarriL,d forwxrd 16 852 4,{181),590 4,090,442 4J92 J81 15-
The Pets at Home Foundation BALANCE SHEET 52-week period ended 28 March 2024 2024 2023 Note CURRENT ASSETS Debtors Cash at bank and in hand 13 796,100 3.953,550 441,601 4,337,636 4,749,650 4,779,237 CURRLNI, LIABILI'I'IES Crcditurs: Aniuunt5 fallingT duc within one year 14 313,385 688,795 NET CURRFNT ASSF.TS 4.436.265 4,090.442 TOTAL ASSETS LE,S>&> CURRENT LIABILITIES 4,436,265 4,090,442 FUNDS OF THE CHARITY UnrL'strictLd inconie tunds RLstriLtLd inLomL funds 15,16 15, 16 4,436,265 4,08(),5911 852 TOTAL FUNDS 4,436,265 4,0()0,442 'l-he note5 on Pilbies 18 to 29 forin purt of'thL'se fin(Inciul statements. l-he5e financial slalemen15 were approved by the Bo¢ird of '[ ruslees on 26th JunL 2024 und arL sibinLd on their behtilf by: W H¢wish Chir 26th June 21124 16-
Pets at Home Foundation STATEMENT OF CASH FLOWS 52- week period ended 28 March 2024 2023 2022 Cash floivs from operating aL'livilies: Nel Lash ulilised by operating¥ activities Cxsh flow from investing aclivitiet3'. ljank interest income (511,567) (30,802) 127,481 24,575 Chanbye in Lash & Lash equivalcnts in the reporting PLri()d Cash & Lash cquivalents at ihL bLgyinninby of the rcpurtinb period (384,086) (6,227) 4,337,636 4,343.863 Cash & cayh equiv#lL'nts at thL' end of the repurling perii)d 3,953,550 4,337,636 Rcconciliati()n of nLSt movLimLint in funds lo nL't cash Iloiv from operuling aclivilie¥ 2024 2023 Net incomc/(LxpLnditurL') fur the rLporting pL'riod AdjustmLhnls for: Increase in debtors (DL'crLa5L)lincreasL in LfLditors Bank interest income 345,823 (301,93()) (354,499) (375,410) (127,481) (234,075) 529,7117 (24,575) NLI Lash iilil is¢d by op¢ratin&) aLtivities (511,567) (30,1102) Anlllyyis of L'ayh & cu.¥h L'quivalents 2024 2023 Cash in hand 3,953,550 4,337,636 Reconcilialion of net debt 2023 Cashflow 2024 Cash in hand and at bank 4.337,636 (384,086) 3,953,550 All amounts relate to continuing activities. The notes on pages 18 10 30 forni part of these financial statements.
The Pets at Home Foundation
NOTES TO THE FINANCIAL STATEMENTS
52-week period ended 28 March 2024
Accounting Policies
Basis of Accounting
I'hese financial slalemenls have been prepared undLr thL historical cost convention with items reco&Trnised
t cost or transaction ViiluL' unlLss uiherwisL stilled in the relevant notes lo thesL (ILLounls.
'he financial slalemen15 have been prepared in aLLordance with ihe Sialeinenl of ReLommended Practice..
Accountin&i Kind Ileporting, by LhtiriliLs prLparingJ Ihcir dcuounls in accordtiiice with thL l-, inancial Reportinb
Standard applic¢ible in the UK (ind RLpubliL of IrLldnd (I,'RS 102) issued iii J(Inuilry 2U19.
Accounting reference dllte
'Ihu findnLial slal¢m¥nls of ihL chtirily (IfL pfLp&irLd t() Ihu 'lThursduy i)L'ufLsI lo 28 MdrLh. ALcordingvly,
the%L fin&tnLidl stdlLmLnts havL bLLn prLpurLd lur IIIL 52 wLLks LndLd 28 March 2024 (2023 52 WLLks
elided 3U MurLh 2023).
Prepyr#tSon of the ucciJunt% on a goink concern basis
'I'he charity repurted a net income of £345.675, a cush oultluw of £384,086 for Ihc year and huld Lash
rLscrves of 13 (J53,550. 'IThL budgTLts h<lVL beLn prLpurLd up lo JLtnL 2025, und drL Lunlinually r¢viewLd by
the ILUM und the tru51LL b(Idrd. 'I'hL IruslLLs havL <lSSLSSLd thL risks lu thL Lharily includingp IhL currLnt LU5t
of livin&J Lfi5i5 lind thL impclLt this may havL' on animul rL'scuLS (Ind rL._huminLy org
The Pets at Home Foundation
NOTES TO THE FINANCIAL STATEMENTS (contlnued)
52-week period ended 28 March 2024
Accounting Policies (continued)
Resources Expended
Expenditure 15 reco&inised where it is more likely th¢U) not that there is a legyal or conslructive obli&?ation
committing thL Lhiirity to pay out resources and the amounl ol. the obligiation can be measured with
rea50ntible certainty.
Expenditure on rliisillb funds LomprisLs costs inLurred tLb bienerate volunlury incume and Lost of
louds 501d its Pilrt of fundrili5in&i trddinb,.
ExpendilurL on chtirilable aLlivitiL'S cumprisLS IhosL costs incurred by thL Charity in IhL dLIivcry
ot. ils aCtivitiL5 und sLrvices to its bLllLfiLiiifiLS. It includLs both Lusts Ih&il Ldn bL tilliiL¢ltLd dirLLIIy
to such aclivilies und Ih05e costs of un indirect nuturL whiLh arL nLCL'SSdry l() %upp()rt IhL'm. It ulso
inLliidLs &povLrnJnce costs which comprise Judit f¢¢s, Gamblinb Lommi55ion fLes, bunk LharbTLS
and .1 rustLL Lxpens¢s.
Durin&¥ ihL year the churily reclassifi¢d somL of itb expenditure belween expendilure un raising,
funds and expLndilurL's on Lharitabl¢ ucliviti¢s. SubsequLntly has resliiled its prior year
coinparutives.
WhLrv thc chdrily LJIVLS a gyrunl with conditions for its P
The Pets at Home Foundation
NOTES TO THE FINANCIAL STATEMENTS (continued)
52-week period ended 28 March 2024
Aecounling Policies (continued)
Fund Accounting
Unrestricted funds are available for use, at the discretion of the Trustees, in furtherance of the gFeneral
objLCtive5 of thL Ch(trity. DL'siLJn(Ited fund5 arL unr¢striLtL.d funds ot the charity which the trustL'es h(Ive
decided at their discrelion lo sei i15ide to use for a SPLLific purpose. Reslricled funds are dontilions which
the donor has specified
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 Donations and legucies {continued) Restricted Funds 2U23 Unrestricted Fund% 2023 Total Funds 2U23 Donation in Pels al Home store5, Support Office and Naliundl Distribution Cenlre5 Vll) Lifeline incomL from Pets al Home StorL spaLe, pallets, fL)od and beddingi donalions for adoption (Inimals Donated pullcts of food OnlinL don<ltiuns L¢&TJcies 610,601 2.148,775 961.637 2,759,376 961.637 416,700 6411,800 56.369 20,396 416,700 648,800 72,095 20,396 15,726 626.327 4,252,677 4,879,004 Other trJding 4ctivitiei Reytrlcteij "undy 2U24 U nrestricted Trundi 2024 Totxl P"unds 21124 Contribution from salL'S of mLrLhandise in PLIS at FloinL sturL5 62,710 281,362 266.683 344,072 266,683 Lotl¢ry incume 62.710 548,045 610,755 Roslrlctcd Unrestrlcted 2023 2U23 2023 Cuntribution from salLs of mLrchtmdisL in PL1% at Huine slorL's 33,855 183,592 182,235 217,447 182,235 Lottery income 33,855 365,827 399,682 Income from Charitable Aclivities 2024 2023 Donalions received for adoption animals 803,352 867.335 803,352 867,335 The income is all unrestricted 21
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 Expenditure on raising funds Unrestricted and Tot41 Funds 2023 Rcstrictcd Unrestricted Funds 2024 TotAI Funds 2024 2024 Loitery priLes Lotlcry ¢0515 co.st of gJoud$ Sold MiirkLtillLY dnd proinolion c0515 Oihlr f'undrdisingi L(1sts undraisinb bJUVLrniillLL custs 79,870 17,770 79,870 17,77U 73,101 11,919 300 75.965 153,177 229,142 122,665 3,798 2,017 1.050 1,050 75,965 251,1167 327,832 213,801 AnMlylil% ExpendlturL on ehxritablc ¥ctivities Iyote Grllni glvin ctiviliL.4 Mnd don#ti()ns Adopiiun cenlrLi eosl 2024 Grants and financial support NLuILrinLJ VUULIILf5 Cost ol. upkLLp of Adopiion unimals VLI bills lor Adupiiun (11)ii)ials LicLnLillgF LU515 Suppurl costs LiUVL'rnunLe custs 4,706,815 4,706,815 134.074 373,500 187,712 3,063 743,1160 13,337 134,074 373,500 187,712 3,063 247,953 4,446 4()5 1)07 8,81)] 5,211,613 95U,748 6,162,361 Grdllis dnd doniltiuns in the year includes £579,132 wus restricted (2023.. £682,10 l ) und £4,127,683 wa5 unrestricted {2023.. £4,180,700). Grant %iving ¥ctivities Adoption CLntrL L'O.%15 2023 Grants (see note 8) Neutering vouchers Cost of upkeep of Adoption animals Licencing cost5 Vet bi115 for Adoplion animals Support costs (see note 7) Governance cosls (see note 7) 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 5.243,604 942.049 6.185,653 -22-
The Pets at Home Foundation
NOTES TO THE FINANCIAL STATEMENTS (continuedj
52-week period ended 28 March 2024
Analysis of governance gnd support C05tS
Gencral Governance
Support cu%tS
2024
Wagies and expenses
Markelingy and promotion costs
WLbsite m(iintLn¢ince and dLvLlopment
Accounlancy
GLnLral LxpLnses
Audit fees
606,297
44,886
57,612
23,842
11,223
606,297
44,886
57,612
23,842
11,223
12 ()00
12,900
437
Bank lee5
437
743.860
13.337
757,197
Support Losls lind gJOVLmanLL' Lost urL' <illucalL'd lo LhurilublL LxpenditurL b
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 An81ysis o(Grants and Financial Support 2024 2023 Grant Programme -Pets (irant ProgFramme -People Communily p(trtners Slimmer t'undrdisLr (Restricted) WLLkLnd LVL'nts (Restricted) Ukrdine aPPLal (IILslri¢lcd) DonalLd pallLts ol- fL)od dnd bL'ddinL' 960,829 1.601,737 943,892 578,81 () 313 1,468,396 1.271,074 792.429 571,318 9,292 101,492 648,8UO 621,225 4,706,815 4.1162,801 AnHlyyiy uf GrMnl.% Mnd FlnMnclMI Support UVLr £1 O,UOU (unrLStrlcted unle51 %peclfled) Gr¥nts and Finllncidl Support to Instltutions 2024 2023 Hearingb DoLys for Deuf PeoplL (of which £578,819 15 rLstricted 2023 £571,318) RSI)CA Cul% l)rolLLlion I)LIs as '1-hLrupy Limited SLOttisli Sl)LA I)()UFS For (iood -lector's House Cut Rescue 13ruv¢hound (iiVL' u BonL' l)ogi A%%i4ldncL In Disubilily Bristol DA W(1 l.lounds For kleroe5 Woodlands Animul Sanctuary "Ihe Mayhew Ndtional Centre lor RLptilL Welliire Hupv RLSLUL I'hL Clwyd Special RidinLF Centre Ltd Dogs For Autism MLdical Detection DOLJS 'reckels Animal Sanctuaries Waggy Tails Rescue Limited Service Dogs UK Rainbow Horses LearninL Centre CIC I"hurnberry Animal SanLIu( TheHor5eCour5e The Cats Whiskers Dog Asslstance In Disability (Dog AID) The British Horse Society 584,683 571,318 270,706 11)6,784 137,052 10(),3¥2 101,092 97,135 68,429 60,000 56,225 52,485 51,500 50,000 48,840 411,700 46,180 45,000 43,657 43,446 41,965 40,516 40,000 38,963 38.778 38,284 32,592 30,000 30,000 I X2,671 151.2U3 71,852 911,168 28,500 45,418 41,600 38,700 34,390 80,500 -24-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (contlnued) 52-week period ended 28 March 2024 9 Analysis of Grants and Fingnci81 Support over £1 0,000 (unrestricted unless specified) {eontinued) Grunts #nd Financi#l Support to institutiVll5 2024 2023 l eam 'l'utsham Refu&ie4Pels Elrilish l.len WLlfurL I rust Y()rkshirL Cul KLSLue Suppi)rt Dugjs Auti%in l)ob C'huriiy Puws for KidslEndeavuur l)rujLct Oak 'l-rees' Animul Chitrity People and Animal W¢llb¢in&T SLrviLes Cl (J&irh(I'% CJLrmun %hLphLrd RLscuL loovLs for l-ILiilin StrLLI I)uws 'l-hL I Iu&)5 1.oundation PurkfiLld EquinL Solutions SL'Ling> l)oLb% AlliancL Ndtiun(Il Animiil WLlltirL .1 rust klorSL Iliin&fL'rs AssuLi4ilion VctLrdns With NLW BL'giinnin&is Lat RLhoinin& RuvLns IILSLUL, UK GrLyl)ound .1 rust J&lLkson'5 An imiil Rescuc Our SpL'Ll<LI l.riLnds Siblinbys RLunitLd (S'I'AR) RLcuvLry AssislanLL Dogis Nortl)IimbLrliind Dobr Rescue P¢opl¥ und Anima14 UK CIC SlrLn&¥th and LLarnin& l-hrou&ih HorsLS Guidc Dogis .1 y N(Int Cat Sanclu(Iry 'I'hL Animal Hou5L RL5LUL Banff & AberdLenshirL RLScue & Rehominbi Kennels B.A.R.R.K liorLvLr Hounds .1 rust RoxiL's Rescue Doris Banham Dog, Rescue Appledown Rescue and Rehoming Kennels Mansfield Cal Rescue Rainbow Rehoming Centre C(Ivalier CenlrL Pendle Dogs in Need Scropton Riding For The Disabled Calvert'l rust Exmoor Animtil Welfare (Furness) Lolhian Cat Rescue 30,000 29,794 29,150 27,945 26,606 25,000 24,737 24,277 23,400 21,335 21,000 20,246 20,116 20,000 20,OUO 1 (),834 1 (),635 1 (),200 18,244 17,600 17,528 17,520 17,384 17,280 16,430 16.230 15,630 15,600 14,951 14,264 14,165 14,000 13,975 13,874 12,925 12,418 12,400 12,375 12,000 11,951 11.500 11,071 1,000 10,550 22,000 22,000 16,480 24,737 20.246 132,310 i 0,000 30.013 15,600 14,976 -25-
The Pets at Home Foundation
NOTES TO THE FINANCIAL STATEMENTS (continued)
52-week period ended 28 March 2024
9 An#lysi5 of G rants and Financial Support over £10,000 (unrestricted unle55 specified)
(continued)
GrntS llnd Financiul
Support to instituti0115
21124
2023
Calvert'l rust Exmoor
Ca15 Guidance
Boxer WLllare Scoiland
BIiJL Cross
Almu41 F.lomL KesLue
Ch
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 9 Analysis of Grants and Financial Supporl over £1 0,000 (unrestricted unless Specified) (continued) Grants and Financial Support to institutiDn5 2024 2024 Hector's Greyhound Rescu¢ Stable Lives (iranls und donations < £ l 0.000 i 0,000 i 0.000 ,567,337 1,327.903 4,706,815 4.862,801 IU CollLIMguL Co¥t5 and Emolulnents 'l-h¢ Lhdrity is mdllubTed by len full tiin# und one purt tiine colledbiues (2023.. 9 full tiinv and I purt lim¢) all uf whom urL LinpluyL¢s uf lJ¢ts ut FlomL und wLrL SL'cunded lo thL ¢hJrity during? Ihe pLriod. Salary costs fur Ihe5L tidinini%trutors, who work ¢xLlusiv¢ly for th¢ Cliurily, ure puid by l)¢ls al l.lumL and rLchurgpL'd to thL Chiirily. 'I'hL L051s iifL disLIusL.d in NolL' 7. LullLitbFUL L05ts inLludL LoIILilbTUL incLntiv¢ schL'm¢s, und In(InabrLmvnl und suppurt 5LfviLL5 ils di5LlosLd in note 12. All oiliLr Linploy¢L Los15 rLlatingi lo oih¢r volunleer5 WLre incurred by l)¢ls at Hoin¢. Auditor's Remuneration Amounts rLLLiV<iblL by the compdny'5 dudilor in rLspect of the dudit uf thLSL fin(Inci(115t(Itemenls is £14,100 (2023.. £12,900) 12 Trustee Remuncrulion and Rel#tLd Party Trunsuctluny 1'ru51LL'S did nul rLCLiVL (IIIY LXPLnses in the PLriud (2023.. £nil). No '[ ruslLes r¢c¢ived any remunLrution durinbi thL' PL'riod or prL'ViUUS p¢riud. InLoiMe reLL'ivcd Irom PL15 al l-luinL is di5cIosLd in notL5 2 dnd 3. Amounts duL trum ur tu PL115 111 l-lom¢ ure di5L105Ld in i)olL 13. P IVL ul'tliL 'I'rLisILL5 of'tliL' Ch(Irity WLfL ¢11sU LinpluyLLs uf PLI% dl l-lumL Gruup durin thL' PLriod. Mr G Linbywood 15 IhL -1 r(Insluriii<ilion DirLLlur, Mr A IlutL% 15 thL DirLLtor ol. Supply und MLfLI)aiidisiiib', Mr W I.ILwish is thL ChiLI' Inlonndliun olli¢Lr. Mrs C Curlis 1% FILad ol l ulLni for thL' VLI Gruup and Ms L Buin is th¢ RLgFionul Operations DirLLtor. All uthLr .1 ruslies are indLpLndLnl 'l'rustLLS on th¢ Board. 13 DL'btors 2024 2023 Amount5 due from Pets at Home 766,406 9,575 20,119 422,917 9,684 9.000 VAT Prepayments and other Debtors 796,100 441,601 -27-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 14 Creditors due within one year 2024 2023 Trade creditors CrLdit Lurd 9.871 3,661 Other creditors Accrual 66,180 237,334 58,260 626,843 313,385 6118,795 I S AnMly%is ol nLI #y¥et% between funds Reytrillf d UnrL'stri¢tLd Fiinds 2024 2024 2024 lunI dSSLIs LunI liiibililiLS 4,749,650 313,385 4,74Y,650 313,3115 4,436,265 4,436,265 Restricted "und 2023 Unreslrictcd Funds 21123 TotMI und.% 2023 CurrLnt assets Currcnt liabililiLs 852 4.778,385 (6118,7()5) 4,779,237 (688,795) 852 4,011(),590 4.090,442 16 Analyiiis of Ch#ritublc Funds Restricted funds 'll)e summer 2024 fundraiser was run to raise money in conjunLlion with 14earin&y Dogs for Deaf People (charity number 293358) and as such the income and expenditure of that campaign is considLrcd reslricled funds. The restricted funds related lo the Ukraine Appeal and 'Third-party Merchandise which is branded merchandise sold un behalf ot these charilie5. The expenditure is the subsequent donation to these Ch111¢5. Durin& March 2022 thL Ch¢irity l¢iunched an appeal to r(iise tnoney to support pe15 affected by the wur in Ukraine. 'I'his money was then donaled to charilie5 working with animal welfare and rescues working in Ukraine and neighbouring countries. Pets ai Horne stores are no longer holding Third-party merchandise and therefore this is no restricted funds at the year end. -28-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 16 Analysis of Chllritllble Fund5 (continued) Desi )nated unrestricted funds In April 2021 th¢ new gFrtint progjrgimme Wils ItiuncI)Ld. This up¢nud up g)ranl probyrdmme lo peoplL ch(Irilie5 as WLII as pel rescuL charitics. In soine cases the gTftints wvre for projLLls ovLr 2-3 YCIWS. 'l-hL future fundinb is not a IL&pal commitmLnl (tnd IhLrefore h(ts not beLii providLd fur in thu dL¥ounts. 14owevLr the monie5 have bLen pul asidc in th¢ mulii-yeiir pledbFLS fund. Fund bxlllncL 2023 InLoming rLSUUTLLb¥ Outgoing rLsoufLL5 Fund blllmnce 2U24 Transfcrs RestrlctLd fund 'I'hird party iii¢rchdndisL SummLr l.undr<iisLr 313 (313) (654,784) 539 654,245 'I'olal rLslrict¢d funds 852 654,245 (655,097) U nrestrlcted fun(J GLnLral resLrvLs M ulti-ycar plL'dbies 2,847,225 1,242,365 6,181,771 (5,042,103) (1,027,474) (792,993) 1,027,474 2.959,419 1,476.846 '1 otal UnrestriLl¥d tunds 4.089,590 6,181,771 (5,835,096) 4,436,265 'I'otal 4,090,442 6,836,016 (6,490,193) 4,436,265 Fun(1 byl4ncL 2022 InLumin% rL'suurLL'S Fun(1 hlllance 21123 rc50ufeL5 Trllnsfers Restricted fijnds Ukrdilli, dPP¢dl Charity WLL'kcnd und third party merchandise Summer Trundrdiser 90,864 10,628 {101,492) 4,989 4,616 644,938 (9,292) (644,399) 313 539 '] olal r¢slriclLd fund5 95,853 660,182 (755,183) 852 Unrestricled fund General reserves M ulti-yedr pIed&eS 3,576,290 720.238 5,510,414 (5,492,001) (225,351) {747,478) 747,478 2,847,225 1,242,365 Total Unrestricted fund5 4,296,528 5,510,414 (5,717,352) 4,089.590 Tolal 4,392,381 6,170,596 (6,472,535) 4,090,442 -29-
The Pets at Home Foundation NOTES TO THE FINANCIAL STATEMENTS (continued) 52-week period ended 28 March 2024 17 Commitments l-he Charily doe5 not hiive any materidl commitments which are not accrued within the stdtement of financial position ai Ihe period end date. -30-