**CHARITY NUMBER 01110837**
## **TAG PET RESCUE**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
**DUDLEY GORE & CO. 50 QUEEN STREET RAMSGATE KENT CT11 9EE**
**TAG PET RESCUE**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees annual report|1|
|Independent Examiner’s report to the Trustees|3|
|Income and expenditure account|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 13|
|**The following pages do not form part of the accounts:**||
|---|---|
|Detailed statement of financial activities|14 – 16|
**TAG PET RESCUE**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2022**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022.
## **Reference and Administrative Details**
**Registered charity name**
TAG Pet Rescue
**Charity registration number** 1110837
## **Trustees**
The Trustees who served the charity during the period were as follows:
Mr R Goodban Ms D P Channing-Sykes Ms S Pennington Mrs C M Kiddell
## **Registered Office**
Lydden Farm Valley Road, Lydden Margate, Kent CT9 4LF
## **Structure, Governance and Management**
The organisation was set up in 1988 and registered as a charity on 11[th] August 2005. The charity is managed by the Trustees under the terms of the governing trust deed dated 10[th] August 2005.
## **Objects and Activities**
The objects of the charity are
1. To provide and maintain an animal shelter for the care and shelter of stray, neglected and unwanted animals and the protection of animals from ill-usage, cruelty and suffering.
2. To advance the education of the public in matters relating to animal welfare in general.
3. To advance the education and training of young persons through the provision of school placements to children.
-1-
**TAG PET RESCUE**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022 [CONT]**
4. To relieve the financial hardship of persons who are unable to afford the fees for spaying and neutering through the provision of a subsidised service.
## **Achievements and Performance**
Our old office had become dangerous and a hazard so we decided the time had come to have a new office and this was finally completed in August 2022.
Along with all animal rescues we have been inundated with requests to take in rabbits for rehoming so we have built extra Wendy houses to accommodate as many as possible. We currently have 41 in our care.
The proper re-opening of our shops post Covid, the return of our Open Day and continued donations has allowed us to maintain a sound financial position.
## **Financial Review**
Income was received from sanctuary and charity shop donations, legacies and Government grants. The result for the year was a surplus of £30,436 which is considered satisfactory. Reserves at the year end amount to £251,011 which is gives an adequate cushion, although competition from other charities will always remain a concern.
## **Plans for Future Periods**
Next year we plan to amend our rabbit houses/ exercise area. We are going to move the existing path to the back of the exercise area so the rabbit houses and concrete runs will be attached to the grass area. Thus allowing them free access.
We have also been given a massive shed which we will convert to a kitchen/storage area for rabbits and guinea pigs. We will then convert the existing kitchen into a superior indoor home for our guinea pigs. Depending on time and finances we will look to replace some of our cat pens.
## **Fixed Assets**
The movement in fixed assets is shown in the notes to the financial statements.
The company’s surplus for the year, after taxation, amounted to £30,436. [2021 – Surplus £110,085]
## **Independent Examiner**
The independent examiner, Peter R Smith, has indicated his willingness to accept re-appointment for the ensuing year and a resolution will be proposed at the Annual General Meeting.
APPROVED BY THE TRUSTEES AND SIGNED ON THEIR BEHALF
D Channing-Sykes D Channing-Sykes
___________________________________
Date: 12 January 2023
-2-
**TAG PET RESCUE**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TAG PET RESCUE**
I report on the accounts of the charity for the year ended 31 March 2022 which are set out on the following pages.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144[2] of the Charities Act 2011 [the Charities Act] and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
* to follow the procedures laid down in the general directions given by the Charity Commission under section 145[5][b] of the Charities Act; and
* to state whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINATION**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER’S STATEMENT**
In connection with my examination, no matter has come to my attention
- [1] which gives me reasonable cause to believe that in any material respect the requirements: * to keep accounting records in accordance with Section 130 of the Charities Act;
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
[2] to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## PR Smith
Date: 16[th] January 2023
## **PETER R SMITH**
ICPA [Fellow] 50 Queen Street Ramsgate, Kent CT11 9EE
-3-
**TAG PET RESCUE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022**
|**UNRESTRICTED**
**RESTRICTED**
**TOTAL**
**FUNDS**
**FUNDS**
**2022£**
**2022£ **
**2022 £ **
**INCOMINGRESOURCES**
Incoming resources from generating funds:
Voluntary income
2 78,305
78,305
Charitable activities
3 216,147
216,147
Investment income
4 5
5
Grants
8,709
8,709
___________________________________________
**TOTAL INCOMINGRESOURCES**
303,166
303,166
___________________________________________
**RESOURCESEXPENDED**
Cost of generating funds:
Fundraising trading:
Costs of goods sold & other costs
5 [87,927]
[87,927]
Charitable activities
6/7 [180,873]
[180,873]
Professional fees
8 [3,930]
[3,930]
__________________________________________
**TOTALRESOURCESEXPENDED**
[272,730]
[272,730]
__________________________________________
**NETINCOMING/[OUTGOING] **
**RESOURCES FOR THE YEAR **
9 30,436
30,436
**TRANSFERBETWEENFUNDS **
-
-
**RECONCILIATION OFFUNDS**
Total funds brought forward
220,575
220,575
_________________________________________
**TOTALFUNDSCARRIEDFORWARD**
251,011
-
251,011
_________________________________________
|**TOTAL**
**2021 £ **
125,958
107,326
16
99,270
________
332,570
________
[71,393]
[147,895]
[3,197]
________
[222,485]
________
110,085
-
110,490
________
220,575
________|
|---|---|
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
All the above amounts relate to continuing activities.
The notes on pages 6 to 13 form part of these financial statements.
-4-
**TAG PET RESCUE**
## **BALANCE SHEET AT 31 MARCH 2022**
|**NOTE**
**FIXEDASSETS**
Tangible Assets
11
**CURRENTASSETS**
Debtors
12
10,353
Cash at bank and in hand
15
246,295
_______
256,648
**CREDITORS**
Amounts falling due within
one year
13
7,964
_______
**NETCURRENTASSETS**
**NETASSETS**
**FUNDS**
Restricted income funds
16
Unrestricted income funds
17
**TOTALFUNDS**
18|**2022**
**2021**
**£**
**£**
2,327
3,862
19,402
203,610
_______
223,012
6,299
_______
248,684
216,713
_______
_______
251,011
220,575
_______
_______
-
-
251,011
220,575
_______
_______
251,011
220,575
_______
_______|
|---|---|
These financial statements were approved by the Trustees and authorised for issue on ________________ and are signed on their behalf by
D Channing-Sykes C M Kiddell
____________________________ _________________________
D Channing-Sykes -Trustee C Kiddell - Trustee
The notes on pages 6 to 13 form part of these financial statements
-5-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022**
## 1. **ACCOUNTING POLICIES**
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied throughout.
## **a] Basis of Accounting**
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note[s] to these accounts.
The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The accounts present a true and fair view and the accounting policies adopted are those outlined in note 1.
No changes to accounting estimates have occurred in the reporting period.
No material prior year errors have been identified in the reporting period.
The adoption of FRS 102 has not resulted in the change to any fund balance to those previously stated.
## **b] Income**
Items of income are recognised and included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the resources
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities or income and expenses.
Grants and donations are only included in the SOFA when the general income recognition criteria are met.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Donated goods are measured at fair value (the amount for which the assets could be exchanged) unless impractical to do so. In this respect it is considered impractical to attach a value to the numerous small second hand items regularly donated for sale in the charity’s shops. The income from sale of these items is recognised under income from trading activities. There were no donated services or facilities in the reporting period.
-6-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 [CONT.]**
The charity has incurred expenditure on support costs.
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **c] Expenditure and liabilities**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
The charity made no redundancy payments during the reporting period.
No material item of deferred income has been included in the accounts.
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Tangible Fixed Assets**
All fixed assets are initially recorded at cost.
Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives using the following rates:
Motor vehicles and equipment
- 25% straight line
## **Operating lease agreements**
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against income on a straight line basis over the period of the lease.
## **Stocks**
There are no purchased stocks of goods for resale. Donated goods for resale are only considered to have a value at the point they are sold. The value prior to this is too uncertain.
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
-7-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 [CONT.]**
## **2. VOLUNTARY INCOME**
The company’s turnover represents the value of goods and services supplied to customers during the year.
|**Donations**
Sanctuary donations
HMRC Gift Aid
**Legacies**
Legacies|**UNRESTRICTED**
**RESTRICTED**
**TOTAL **
**FUNDS**
**FUNDS**
**2022£**
**2022£ **
**2022£ **
76,223
76,223
2,082
2,082
-
-
______________________________________
78,305
78,305
______________________________________|**TOTAL**
**2021£ **
111,858
7,269
6,831
_______
125,958
_______|
|---|---|---|
## **3. INCOMING RESOURCES FROM ACTIVITIES FOR GENERATING FUNDS**
|Shop income
Sanctuary Open Day
Other fundraising
**4. INVESTMENTINCOME**
Bank interest receivable|**UNRESTRICTED**
**RESTRICTED**
**TOTAL **
**FUNDS**
**FUNDS**
**2022£**
**2022£ **
**2022£ **
209,097
209,097
6,345
6,345
705
705
______________________________________
216,147
216,147
______________________________________
**UNRESTRICTED**
**RESTRICTED**
**TOTAL **
**FUNDS**
**FUNDS**
**2022£**
**2022£ **
**2022£ **
5
5
______________________________________|**TOTAL**
**2021£ **
107,326
-
-
_______
107,326
_______
**TOTAL**
**2021£ **
16
________|
|---|---|---|
## **5. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS**
|Shop costs
Sanctuary Open Day
Other fundraising expenses|**UNRESTRICTED**
**TOTAL **
**FUNDS**
**2022£**
**2022£ **
86,691
86,691
881
881
355
355
_______________________________________
87,927
87,927
_______________________________________|**TOTAL**
**2021£ **
70,597
-
796
_______
71,393
_______|
|---|---|---|
-8-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 [CONT.]**
## **6. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE**
|**UNRESTRICTED**
**TOTAL**
**FUNDS**
**2022£**
**2022£**
Animal sanctuary costs [including depreciation
as shown in note 9]
180,873
180,873
_________________________________
**7. COSTS OFCHARITABLEACTIVITIES BY ACTIVITY TYPE**
**UNRESTRICTED**
**TOTAL**
**FUNDS**
**2022£**
**2022£**
Animal sanctuary costs [including depreciation
as shown in Note 9]
180,873
180,873
_________________________________
**8. OTHERCOSTS**
**UNRESTRICTED**
**TOTAL**
**FUNDS**
**2022£**
**2022£**
Independent examiner’s fee
1,000
1,000
Other fees paid to independent examiner
2,330
2,330
Legal and professional fees
600
600
_________________________________
|
|**TOTAL**
**2021£ **
147,895
_______
**TOTAL**
**2021£ **
147,895
_______
**TOTAL**
**2021£ **
900
1,387
910
_______|
|---|---|---|
||
||
||
||
## **9. NET INCOMING/[OUTGOING] RESOURCES FOR THE YEAR**
|This is stated after charging
Depreciation|**2022**
**£**
2,643
______
|**2021**
**£**
2,322
_______|
|---|---|---|
-9-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 [CONT.]**
## **10. STAFF COSTS AND EMOLUMENTS**
**Total staff costs were as follows** :
|Wages and salaries|2022
£
133,264
_______
|2021
£
95,402
______|
|---|---|---|
The average number of employees during the year was 5. [2021 - 6] including trustees. All employee time involved providing either support to the governance of the charity or support services to charitable activities.
## **Trustee Remuneration**
In the period the charity has paid trustees remuneration in accordance with contracts of employment for employment duties performed for the charity, as follows:
|D Channing-Sykes|£28,361|[2021|£18,133]|
|---|---|---|---|
|C Kiddell|£22,689|[2021|£15,691]|
No trustee expenses have been incurred.
There have been no related third party transactions in the reporting period.
No employee received remuneration of more than £60,000 during the year [2021 - Nil].
-10-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 [CONT.]**
## **11. TANGIBLE FIXED ASSETS**
|**COST**
At 1 April 2021
Additions
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge for the year
At 31 March 2022
**NETBOOKVALUE**
At 31 March 2022
At 31 March 2021
**12. DEBTORS**
Prepayments
Accrued Income|**Shop**
**Aviaries**
3,637
6,189
350
759
_____
_____
3,987
6,948
_____
_____
1,782
4,183
969
1,675
_____
_____
2,751
5,858
_____
_____
1,236
1,090
_____
_____
1,855
2,006
_____
_____
|
**Motor Vehicles**
**TOTAL**
**£**
27,235
37,061
-
1,109
______
______
27,235
38,170
______
______
27,234
33,199
-
2,644
______
______
27,234
35,843
_______
______
1
2,327
_______
_____
1
3,862
_______
_____
**2022**
**2021**
**£**
**£**
9,702
12,133
651
7,269
______
______|
|---|---|---|
All prepayments related to unrestricted funds in 2022 and 2021.
-11-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022 [CONT.]**
## **13. CREDITORS**
|
Trade Creditors
Other Creditors
|**2022**
**£**
705
7,259
_____
7,964
_____
|**2021**
£
2,012
4,287
______
6,299
______|
|---|---|---|
All creditors relate to unrestricted funds in 2022 and 2021.
## **14. COMMITMENTS UNDER OPERATING LEASES**
At 31 March 2022 the charity had annual commitments under non-cancellable operating leases as set out below
|Property rental
**15. CASH ATBANK AND INHAND**
**16. RESTRICTEDINCOMEFUNDS**
**Balance at**
**1 April 2021**
**£**
Appeal Fund
-
______|**Land and buildings**
**2022**
**£**
28,170
______
**2022**
**£**
246,295
_______
**Incoming**
**Release of**
**resources**
**Restricted**
**Funds**
**£**
**£**
______
_______
|**2021**
**£**
27,040
______
**2021**
**£**
203,610
_______
**Balance at**
**31 March 2022**
**£**
-
______|
|---|---|---|
||
||
-12-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022[CONT.]**
## **17. UNRESTRICTED INCOME FUNDS**
|
General Funds
|**Balance at**
**Incoming**
**Transfer**
**Outgoing**
**Balance at**
**1 April 2021**
**Resources**
**of Funds**
**Resources**
**31 March 2022**
**£**
**£**
**£**
**£**
**£**
220,575
303,166
-
272,730
251,011
____________________________________________________
_______|
|---|---|
The unrestricted funds are available to be spent for any of the purposes of the charity.
## **18. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**Tangible**
**Fixed Assets**
**£**
**Restricted Income Fund:**
Appeal Fund
-
**Unrestricted Income Fund**
2,327
______
2,327
______|**Net Current**
**Assets**
**£**
248,684
_______
248,684
_______|**Total**
**£**
-
251,011
_______
251,011
_______|
|---|---|---|
-13-
**TAG PET RESCUE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022[CONT.]**
## **THE FOLLOWING PAGES ARE FOR THE INFORMATION**
**OF THE TRUSTEES ONLY**
**THEY DO NOT FORM PART OF THE STATUTORY ACCOUNTS**
**TAG PET RESCUE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|**INCOMINGRESOURCES**|||
|**VOLUNTARYINCOME**|||
|Sanctuary donations|76,223|111,858|
|HMRC Gift Aid|2,082|7,269|
|Legacies|-|6,831|
||_______|_______|
||78,305|125,958|
||_______|_______|
|**ACTIVITIES FORGENERATINGFUNDS**|||
|Shop Income|209,097|107,326|
|Sanctuary Open Day|6,345|-|
|Other Fundraising|705|-|
||_______|_______|
||216,147|107,326|
||_______|_______|
|Grants|8,709|99,270|
|**INVESTMENTINCOME**|||
|Bank Interest|5|16|
||_______|_______|
|**TOTALINCOMINGRESOURCES**|303,166|332,570|
||_______|_______|
|**RESOURCESEXPENDED**|||
|**FUNDRAISINGTRADING: COSTS OFGOODS**|||
|**SOLD AND OTHER COSTS**|||
|Sanctuary Open Day expenses|881|-|
|Wages, Salaries, National Insurance and Pensions|59,741|44,993|
|Rent|26,130|25,000|
|Rates and Water|820|604|
|Repairs and Maintenance|-|-|
|Other Fundraising expenses|355|796|
||_______|_______|
||87,927|71,393|
||_______|_______|
-14-
**TAG PET RESCUE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022**
|**CHARITABLEACTIVITIES**
Boarding Kennel costs
Veterinary costs
Food and Litter
Pet Chip
Wages and Salaries
Rent
Repairs and Maintenance [Sanctuary]
Motor Vehicle expenses
Light, Heat, Rates and Telephone
Insurance
Cleaning
Depreciation
Dog Warden and Behaviourist
Other Office and General Expenses
Transaction and Bank Fees
**PROFESSIONALFEES**
Independent examiner’s fee
Legal and professional fees
**TOTALRESOURCESEXPENDED**
**NETINCOMING/[OUTGOING] RESOURCES**
**FOR THE YEAR**|**2022**
**£**
7,574
36,487
9,466
-
73,523
2,040
7,133
4,833
10,859
7,297
9,916
2,643
1,700
5,306
2,096
_______
180,873
_______
3,330
600
_______
3,930
_______
272,730
_______
30,436
_______
|**2021**
**£**
8,907
39,406
7,195
358
50,409
2,040
5,590
5,675
7,266
6,337
6,079
2,322
250
6,061
-
_______
147,895
_______
2,287
910
_______
3,197
_______
222,485
_______
110,085
_______|
|---|---|---|
-15-
**TAG PET RESCUE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022**
|**FUNDRAISINGTRADING: COSTS OF**
**GOODS SOLD AND OTHER COSTS**
**Fundraising trading – shop costs**
Wages, Salaries, National Insurance and Pensions
Rent
Rates and Water
Repairs and Maintenance
**Sanctuary Open Day**
Costs of sales – purchases
Other fundraising expenses
**CHARITABLEACTIVITIES**
**Animal Sanctuar****_y_ Costs**
**_Activities undertaken directly_**
Food and Litter
Pet chip
Wages and Salaries
Rent
Light, Heat, Telephone and Rates
Repairs and Maintenance
Insurance
Motor Vehicle expenses
Veterinary costs
Boarding Kennel fees
Cleaning
Depreciation
Dog Warden and Behaviourist
Other Office and General Expenses
Transaction and Bank Fees|**2022**
**£**
59,741
26,130
820
-
_______
86,691
_______
355
881
_______
1,236
_______
9,466
-
73,523
2,040
10,859
7,133
7,297
4,833
36,487
7,574
9,916
2,643
1,700
5,306
2,096
_______
180,873
_______
|**2021**
**£**
44,993
25,000
604
-
_______
70,597
_______
-
796
_______
796
_______
7,195
358
50,409
2,040
7,266
5,590
6,337
5,675
39,406
8,907
6,079
2,322
250
6,061
-
_______
147,895
_______|
|---|---|---|
-16-