CHARITY NuhiBER 01110837 TAG PET RESCUE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 DUDLEY GORE & Co. 50 QUEEN STREET RAMSGATE KENT CTII 9EE TAG PET RESCUE CONTFNTS PAGE Ttustees annual report Independent Examiner's report to the TTUStees Income and expenditure account Balance sheet Notes to the financial statcmcnts 6-13 The folloiving pages do not form part of the accounts: Detailcd statcmcnt of financial activities 14-16 TAG PET RESCUE TRUSTFF,s ANNUAL REPORT FOR THF, YEAR ENDED 31 MARCH 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and Administrative Details Registered charity name TAG Pet Rescue Charity. registration number 1110837 Trustees The Trustecs who served the charity duTing the period were as follows: Mr R Goodban Ms D P Channing-sykes Ms S Pennington Mrs C M Kiddcll Mrs A Davies Registered Office Lydden Farni Valley Road, Lydden Margate, Kent C.T9 4LF Structure, Governance and Ilqanagemellt The organlsation was set up in 1988 and registered as a charity on I I, August 2005. Thc charity is managcd by the Trustees under the ternis of the governing trust deed dated IO, August 2005. Objects and ActiTrryties To provide ongoing support for thc carc and rchoming of small animalq in the East Kent area, & to educate both children and adults in the care of these animals, & animals in gencial. Wc also cncouragc pcoplc to adopt from Tescue centres such as ours, rather than from breedeTS or pet stores. Aehievements 2nd Performance We built a large new kitchen to store hay and purchased an industrial fridge for the rabbit's vegetables and storage containers. We updated and renovated the staff Toom. Wc havc had a largc concrete base laid for our proposed vet room. Total refurbishment of two rodent houses, tiled floor, roof repair and insulation. Financial Review Income was received from sanctuary and charity shop donations, legacies and Government grants. The Tesult for the year was a deficit of -£86.012 which is considered satisfactory due to increased kennel costs, rent and wages rises. Reservcs at thc year-end amount to £255,035 which gives an adequate cuslllon, although competition from other charities will always remain a concein. Plans for Future Periods Short-term plans To continue with the above objectivcs, we ale developing a space at our centre to expand our education progranjme. This will enable groups of children to visit & learn, The space will also be us¢d for various ndTaising events such as creative workshops. We have a continuing maintenance plan to ensure the safety & warmth of all animals in our care. Long-term plans We are developing an ongoing plan to rebuild our animal pens, particularly for cats & rabbits, in compliance with thc latest rcgulations. This will crcats a safe & modern centre where all animals, staff & volunteers are safe, hcalthy & happy. We also aim to make thc ccntrc an attractive destination for the public to visit when considcring adoption, & for groups of children to visit & learn. Fixed Assets The movement in fixed a8sets is shown in the notes to the financial statements. The company's SUTplus for the ycar, after taxation, amounted to -£86,012. [2024 - Surplus -£41,586] Independent Examiner The independent examiner, Patricia A Brooks, has indicated her 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 SICJNED ON THEIR BEHALF ¢(,,,_Li- Rex Goodban TAG PET RESCUE INDEPENDENT EXAMINER'8 RF.PORT TO THE TRUSTEES OF TAG PET RESCUE I report on the accounts of the charity for the year ended 31 March 2025 which ar¢ sct 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 18 not requirLd for this year under seLtion 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 undcr section 145 of the Charities Act. To follow the procedures laid down in the general directions given by the c.harity Commission under section 14515][b] of the Charitics Act" and To state whether matters have come to my attcntion. BASIS OF INDEPF.NDFNT EXAMINATION My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a revicw of the accounting records kcpt by the charity and a comparison of th¢ accounts prcsented with those records. Tt also includes consideration of any unusual items or disclosures in the accounts and 8ccking explanations from the Trnstees concerning any such matters. Thc procedures undcrtakcn do not provide all thc cvtdcnce that would be rcquired in an audit and conscqucntly no opinion is givLn as to whcther the accounts prc5ent a true and fair view and the report is limited to those matters set out in the statcment below. INDEPENDENT ExAMI¥ER'S STATEMENT In connection with my examination, no matter has come to my attention [ l ] which gives tne 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 preparc accounts which accord w?th the accounting records and comply with thc accountlng rcquirements of the Chdritics Act have not been met. or 12] to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be rcachcd. Datc: Ao. i. 202L PATRICIA A BROOK, 50 Queen Street Ramsgate, Kent CTI19EE TAG PET RESCUE STA TEMENT OP FlTr4ANciAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 UNRESTRICTED FUNDS 2025 RESTRICTED FUNDS 2025 £ TOTAL TOTAL 2025 £ 2024 £ INc.o.MING RESOURc.ES Incoming resources from generating funds.. Voluntary income C,'haritable activities Investment income Grants 131,019 254,224 741 131,019 254.224 741 146,350 232,021 677 TOTAI. IIYCOMI,NG RF.SOURCF.S RE.SOIIRC.ES EXPENDED co.st of gcneraling funds.. Fundraising trading.. Costs of goods sold & other costs Charitable activities Professional fees 385,984 385,984 379,048 617 [154.077] [309,526] [8,39.3] [154,077] [309,526] [8,3 93] [99,588] [317,759] [3.2871 TOTAI. RK8OURCES ExpEliDF.D [471,996] [471,996] [420.634] NET INCOMIliG/IOuTGOINGI RESOURCES FOR THE YF,AR TRANSFER BETWEEN FUNDS RECONCILIA TION OF FUNDS Total ￿ndS brought fonvard -86,012 -86,012 41,586 341,047 341,047 382,633 TOTAL FUNDS CARRIED FORWARD 255,036 255,036 341,047 The Statement of Financial Activities includes all gains and losses in the year and thereforc a statement of total recognised gains and losscs has not been PTepared. All the above amounts relate to continuing activitics. The notes on pages 6 to 13 forn) part of these financial statements. BALANCE SHEET AT 31 MARCH 2025 NOTE 2025 2024 FIXED A.SSETS Tangiblc Asscts 11 6,112 16,063 CURRENT ASSETS Dcbtors Cash at bank and in hand 12 15 14,912 230,464 22.740 320,819 245,376 343,559 CREDITORS Amounts falling due within one year 13 -3,547 18,575 NF,T CURRFNT ASSkTS 248,923 324,984 ND.T ASSETS 255,035 341,047 Reqtricted income funds Unr¢stricted income funds 16 17 255,035 341,047 TOTAI, FUNDS 18 255,035 341,047 These financial statements were approved by the Trnstees and authorised for issue on ￿ . K. i and arc signed on thcir behalf by Rex Goodban -Trustee A Davies - Trustee The notes on pages 6 to 13 forni part of these financial statements TAG PET RFSCIJF NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 I. Acc.OUNTIP*G Poi,Jc.IES The principal accounting policies adopted in the preparation of the financial statements arc set out below and have been consistently applied throughout. a] Basis of Accounting The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ThL charity constitutes a public b¢nefit cntity as defined by FRS 102. The accounts pr¢scnt a truc and fair view and the accounting policies adopted are those outlined in note l. No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting pcriod. The adoption of FRS 102 has not resulted in the change to any fund balance to those previously stated. bl Income Itcms of income arc recognised and included in the Statement of Financial Activities (SOFA) whcn: the charity becomes entitled to the resources it is morc likcly than not that the trustees will receive the resources. th¢ monetary value can be measured with sufficient reliability. and Thcrc has been no offsetting of asscts and liabilities or income and expenses. Grants and donations are only included in the SOFA when the general income recognition criteria arc met. Gift Aid receivable is included in income when there is a valid declaration from the donor. Any CJift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fimd as the initial donation unless the donor or the ternis of the appeal have specified othenvise. Donated goods are measurcd 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 attacli a value to the numerous small second hand items regularly donated for salc in the charity's shops. The income froin sale of thcsc itcms is rccogniscd under income from trading activities. There were no donated services or facilities in the reporting period. TAG PET RESCUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONT. The cbarity has incurred expenditure on support costs. The value of any voluntary help received is not included in the accounts but is described in th¢ trustces. annual report. cl Expenditure 2nd liabilities Liabilitics 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 rcasonable certainty. Support co%t£ have bcen allocated bctwccn govcrnancc costs and othcr support. Govcrnanc¢ costs comprise all costs involving public accountability of the charity and its compliatlce with regulation alld good practice. Thc charity made no redundancy payments during the reporting period. No material item of deferred income has been included in the accounts. Thc charity has crcditors which are measwed at settlement amounts Icss any tradc discol￿t8. Tanglble Flxed Assets All fixed assets are initially recorded at cost. Depreciation has been calculatcd to write off the cost of tangible fixed asscts over thcir expected useful lives using the following rates: Equipmcnt Motor vehicles 250/0 straight line 250/0 reduLing balance 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. There are no purchased stocks of goods for resale. Donated goods foT resale are only considcrcd to have a value at th¢ point they are sold. The value prior to this is too uncertain. Debtors Debtors (including trade debtors and loans Teccivable) are measured on initial recognition at settlement amount after any tradc discounts or amount advanced by the charity. Subsequently, they are medsured at the cash or other considcrdtloll CXPCCted to bc rcceivcd. Taxation Thc charity is considcred to pass the tests set out in PaTagraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable cornpany for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in Tespect of incorn¢ or Capital gains received within categories covered by Chapter 3 Part I l of the co￿oration Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applicd exclusively to charitable purposes. TAG PET RESCUE NOTES TO THE ACCOLTNTS FOR THE YEAR ENDED 31 MARCH 2025 CONT. 2. VOLUYTARY INCOME The company's turnover represents the value of goods and services supplied to customcrs during the year. UNRESTRICTED FLNDS 2025 RESTRICTED FLTNDS 2025 TOT AL TOTAL 2025 £ 2024 £ Douations Sanctuary dondtions IIMRC Gift Aid Legacies Legacies 68,939 2,217 68.939 2,217 58.092 3,008 59,862 59,862 85,250 131,018 131,018 146,350 3. II%coMING RESOURCES FROM ACTIVITIES FOR GENERATIYG FUNDS UN'RESTRICTED Fuyi DS 2025 RESTRICTED FUN'DS 2025 TOTAL TOTAL 2025 £ 2024 £ Shop income Sanctuary Open Day Other fundraising 253,406 253.406 219,643 10,121 2,257 818 818 254,224 254,224 232,021 4. INVESTMENT INCOME UNRF.STRICTED FLNDS 2025 RF..STRTCTED FLTNDS 2025 TOTAI, TOTAL 2025 £ 2024 £ Bank intcrcst rcceivable 741 741 677 S. FUNDRAISING TRADING: COST OF GOODS SOLD AND OTHER COSTS UNRESTRICTED FUNDS 2025 TOTAL TOTAL 2025 £ 2024 £ Shop costs Sanctuary Open Day OtheT fundraising expenses 153,276 152 649 153,276 152 649 97,238 2,005 345 154,077 154,077 99,588 TAG PET RESCUE NOTE.S TO THL ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONT. 6. COSTS OF CllA￿TABLE ACTIVITIES BY FufiD TYPE UNRESTRICTED FLTNDS 2025 TOTAL TOTAL 2025 £ 2024 £ Animal sanctuary costs [including depreciation as shown in note 9] 309.526 309,526 317,759 7. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE UNRESTRICTED FL'N'DS 2025 TOTAL TOTAL 2025 £ 2024 £ Animal sanctuary costs [including d¢prcciation as shown in Note 91 309,526 309,526 317,759 8. OTHER COSTS UNRESTRICTED FLliDS 2025 TOTAL TOTAL 2025 £ 2024 £ Independent examiner's fcc Other fccs paid to independcnt examiner Legal and profcssional f¢¢s 1,000 1.860 5,533 1,000 1,860 5,533 1,000 1,920 367 9. NET 1￿cOmING/[0UTGo1NG1 RESOURCES FOR THE YEAR 2025 2024 Thls is stated after charging Depreciation 4,882 7,009 TAG PET RF,SCUE NOTE.$ TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONT. 10. STAFF COSTS AN'D F.MOLUMENTS Total staff costs were as follows: 2025 2024 Wages and salaries 171,606 148,645 The aveiage number of employees during the year was 7. [2024 - 7] including trnstees. All cmploy¢¢ time involved providing either support to the governance of the charity or support services to charitable activities. Trustee Remuneration Tn the period the charity has paid trustces rcmuneration in accordance with contracts of employment for employment duties perforn]ed for the charity, as follows: D Lhanning-sykes C Kiddell £29,217 £23,423 [2024 £27,866] [2024 £27,840] No trustee expenses have been incurred. There have bccn no related third paty transactions in the reporting period. No employee received remuneration of more than £60,000 during the year [2024 - Nil]. -10- TAG PET RESCU NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONT. I I. TANGIBLE FIxF.D ASSFTS Shop & Sanctuary Aviaries Motor Vehicles TOTAL At l April 2024 Additions Disposal 13,950 8.238 3,177 38.230 60,419 3,177 -10,995 -10,995 At 31 March 2025 13,950 11,415 27,235 52,601 DFPRECIATION At l April 2024 Charge for the year Disposal 6,659 3,210 7,714 1,671 29,983 44,356 4,881 -2,749 -2,749 At 31 March 2025 9,869 9,385 27,234 46,488 NET BOOK VALUE At 31 March 2025 4,081 2,030 6,112 At 31 March 2024 7,292 524 8,247 16,063 12. DEBTORS 2025 2024 Pr￿aYments Accrucd Income 14,124 789 22,385 355 All prepayments related to unrestricted fLmds in 2025 and 2024. TAG PET RESCUE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 [CONT.] 13. CREDITORS 2025 2024 Trade Crcditors Other Creditors -2,165 -1,382 12,300 6,275 -3,547 18,575 All creditors relate to unrestricted funds in 2025 and 2024. 14. Co,MMITMENTS UYDER OPERATING LEASES At 31 March 2025 the charity had annual commitments under non-canccllable operating leases as set out below Land and buildings 2025 2024 Property rental 49,530 43,825 15. CASH AT BANK AND HAYD 2025 2024 230,464 320,819 16. RE.%TRICTED INC.OME FUNDS Balance at l April 2024 Incoming resources Release of Restricted Funds Balance at 31 March 2025 Appeal Fund -12- TAG PET RESCUE NOTES TO THE ACcOlI￿'T8 FOR THE YEAR ENDED 31 MARCH 2025 CONT. 17. UNRF.STRICTED INCOME FUNDS Balance at l April 2024 Incoming Resources Transfer of Funds Outgoing Resources Balance at 31 Imareh 2025 General Funds 341.047 385.984 471,996 255.035 The unrestricted funds are available to be spent for any of the purposes of the charity. 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Flxed Assets L et Current Assets Total Restricted Income Fund: Appeal Fund Unrestricted Income Fund 6,112 248.923 255,035 6,112 248,923 255,035 -13-