REGISTERED COMPANY NUMBER: 07013695 (England and Wales) REGISTERED CHARITY NUMBER: 1136215
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
FOR
PET RESPECT LTD
Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
PET RESPECT LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
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Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14
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PET RESPECT LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance the education of the public in animal welfare and animal behaviour, and the principles of good care and management of pets.
To promote humane behaviour towards animals by providing appropriate care and attention by reason of fitness, maltreatment, poor circumstances or ill usage.
To advance in life and help young people by providing support and activity which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The charity has been mindful of the public benefit requirements as laid out in the Charity Commission guidelines when setting their objectives and the details of their activities as laid out in the Achievements and Performance section of this report hopefully show these objectives are being met.,
ACHIEVEMENT AND PERFORMANCE
It has been a very busy year for the charity, especially in schools and Pupil Referral Units (PRU's).
We are working every day, the main dogs are Buddy (my dog) and our latest recruit, Simba.
Simba belongs to Sally who used to bring Sookie to work but she has retired now at the ripe old age of 15yrs.
Simba is a Cockerpoo who was returned to the breeder after only 2 weeks as they couldn't be bothered to train him, therefore he was very lively. The breeder who knows of the work we do contacted Sally and she couldn't resist him, so she now has 4 dogs. Simba is now 11 months old and extremely well behaved and is an amazing therapy dog.
We have a few schools on the waiting list until we recruit more volunteers, some of the people we had last year are not available very often so we are limited to how many sessions we can do.
The Probation Service have contacted us about working with prisoners released into the community, we have put them on hold until the new year when we might have some availability.
We still visit Castle Hill Mental Health Unit during the school holidays, but we also need to have some time off as working in the PRU's can be very challenging.
We have put the price of a session up by £20 due to the costs of running the charity, the schools understand and still want our service.
We are still selling items on Social Media and have attended a few fundraising events this year. Our main customer, Hull People's Memorial shop have closed now due to the high costs of running the shop. We do have a few more customers but their orders are quite small.
We hope to be even busier this next financial year and gain more profit!
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to maintain liquid unrestricted funds, which are the free reserves of the organisation, at a level sufficient to cover the costs for a period of no more than 12 months.
Details of movement in reserves for the year can be found on pages 5 - 14 of the financial statements.
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PET RESPECT LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The trustees of the charity form an executive committee who represent the organisation. The trustees meet on a regular basis and are supported in their governance of the charity's affairs by the employees.
Appointment of trustees is governed by the constitution of the charity and the board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.
Induction and training of new trustees
New trustees are inducted by being invited to attend committee meetings in order that they may judge the level of commitment and responsibilities that are involved with being a trustee.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07013695 (England and Wales)
Registered Charity number
1136215
Registered office
35 Seafield Avenue Hull HU9 3JQ
Trustees
L Barcoe Company Secretary M Hartley Director K Hepple Director S Kelly Director G Hartley Director A Mills Director
Company Secretary
L E Barcoe
Independent Examiner
T M Rackham FCCA Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
Approved by order of the board of trustees on 20 December 2022 and signed on its behalf by:
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PET RESPECT LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2022
K Hepple - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PET RESPECT LTD
Independent examiner's report to the trustees of Pet Respect Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
T M Rackham FCCA Rackham's Chartered Certified Accountants 3 Melton Park Redcliff Road Melton East Yorkshire HU14 3RS
20 December 2022
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PET RESPECT LTD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Unrestricted Restricted funds funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 401 (1) Other trading activities 3 26,083 - Other income - - Total 26,484 (1) EXPENDITURE ON Raising funds 1,546 - Charitable activities Charitable Activity Expenses 17,889 150 Charity Governance Expenses 960 - Total 20,395 150 NET INCOME/(EXPENDITURE) 6,089 (151) RECONCILIATION OF FUNDS Total funds brought forward 19,150 602 TOTAL FUNDS CARRIED FORWARD 25,239 451 |
2022 Total funds £ 400 26,083 - 26,483 1,546 18,039 960 20,545 5,938 19,752 25,690 |
2021 Total funds £ 769 21,233 1,558 |
|---|---|---|
| 23,560 | ||
| 2,845 14,763 894 |
||
| 18,502 | ||
| 5,058 14,694 |
||
| 19,752 |
The notes form part of these financial statements
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PET RESPECT LTD
BALANCE SHEET 30 SEPTEMBER 2022
| Unrestricted Restricted funds funds Notes £ £ FIXED ASSETS Tangible assets 8 505 451 CURRENT ASSETS Stocks 9 2,000 - Debtors 10 769 - Cash at bank 22,925 - 25,694 - CREDITORS Amounts falling due within one year 11 (960) - NET CURRENT ASSETS 24,734 - TOTAL ASSETS LESS CURRENT LIABILITIES 25,239 451 NET ASSETS 25,239 451 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 956 2,000 769 22,925 25,694 (960) 24,734 25,690 25,690 25,239 451 25,690 |
2021 Total funds £ 1,199 2,000 753 16,761 19,514 (961) 18,553 19,752 19,752 19,150 602 19,752 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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continued...
PET RESPECT LTD
BALANCE SHEET - continued 30 SEPTEMBER 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2022 and were signed on its behalf by:
L Barcoe - Trustee
The notes form part of these financial statements
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance, 25% on reducing balance and 15% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
2. DONATIONS AND LEGACIES
| Donations 3. OTHER TRADING ACTIVITIES Fundraising events Shop income 4. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2022 £ 400 2022 £ 1,565 24,518 26,083 2022 £ 243 |
2021 £ 769 2021 £ 1,592 19,641 |
|---|---|---|
| 21,233 | ||
| 2021 £ 311 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
6. STAFF COSTS
There were no remunerated staff during the year.
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 769 - Other trading activities 21,233 - Other income 1,558 - Total 23,560 - EXPENDITURE ON Raising funds 2,845 - Charitable activities Charitable Activity Expenses 14,562 201 |
Total funds £ 769 21,233 1,558 |
|---|---|
| 23,560 | |
| 2,845 14,763 |
continued...
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ Charity Governance Expenses 894 - Total 18,301 201 NET INCOME/(EXPENDITURE) 5,259 (201) RECONCILIATION OF FUNDS Total funds brought forward 13,891 803 TOTAL FUNDS CARRIED FORWARD 19,150 602 8. TANGIBLE FIXED ASSETS Plant and Computer machinery equipment £ £ COST At 1 October 2021 and 30 September 2022 23,395 889 DEPRECIATION At 1 October 2021 22,196 889 Charge for year 243 - At 30 September 2022 22,439 889 NET BOOK VALUE At 30 September 2022 956 - At 30 September 2021 1,199 - Items costing less than £250 individually are not usually capitalised. An annual impairment review is to ensure that all fixed assets still have useful life. 9. STOCKS 2022 £ Stocks 2,000 |
Total funds £ 894 18,502 5,058 14,694 19,752 Totals £ 24,284 23,085 243 23,328 956 1,199 carried o 2021 £ 2,000 |
Total funds £ 894 |
|---|---|---|
| 18,502 | ||
| 5,058 14,694 |
||
| 19,752 |
Items costing less than £250 individually are not usually capitalised. An annual impairment review is carried out to ensure that all fixed assets still have useful life.
continued...
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Prepayments | 769 | 753 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accrued expenses | 960 | 961 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1.10.21 | in funds | 30.9.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 18,553 | 6,181 | 24,734 | |
| Equipment | 597 | (92) | 505 | |
| 19,150 | 6,089 | 25,239 | ||
| Restricted funds | ||||
| Equipment | 602 | (151) | 451 | |
| TOTAL FUNDS | 19,752 | 5,938 | 25,690 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 26,484 | (20,303) | 6,181 | |
| Equipment | - | (92) | (92) | |
| 26,484 | (20,395) | 6,089 | ||
| Restricted funds | ||||
| Equipment | (1) | (150) | (151) | |
| TOTAL FUNDS | 26,483 | (20,545) | 5,938 |
continued...
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Equipment Restricted funds Equipment TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.21 £ £ £ 13,184 5,369 18,553 707 (110) 597 13,891 5,259 19,150 803 (201) 602 14,694 5,058 19,752 |
Net At movement At 1.10.20 in funds 30.9.21 £ £ £ 13,184 5,369 18,553 707 (110) 597 13,891 5,259 19,150 803 (201) 602 14,694 5,058 19,752 |
|---|---|---|
| 19,150 602 |
||
| 19,752 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 23,560 | (18,191) | 5,369 |
| Equipment | - | (110) | (110) |
| 23,560 | (18,301) | 5,259 | |
| Restricted funds | |||
| Equipment | - | (201) | (201) |
| TOTAL FUNDS | 23,560 | (18,502) | 5,058 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Equipment Restricted funds Equipment TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ 13,184 11,550 24,734 707 (202) 505 13,891 11,348 25,239 803 (352) 451 14,694 10,996 25,690 |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ 13,184 11,550 24,734 707 (202) 505 13,891 11,348 25,239 803 (352) 451 14,694 10,996 25,690 |
|---|---|---|
| 25,239 451 |
||
| 25,690 |
continued...
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PET RESPECT LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2022
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 50,044 | (38,494) | 11,550 |
| Equipment | - | (202) | (202) |
| 50,044 | (38,696) | 11,348 | |
| Restricted funds | |||
| Equipment | (1) | (351) | (352) |
| TOTAL FUNDS | 50,043 | (39,047) | 10,996 |
13. RELATED PARTY DISCLOSURES
The following related party transactions occurred during the year ended 30 September 2022.
Payments were made to trustees, and their close relatives, for services provided by them.
| Related Party | Relationship | Service Provided | Amount |
|---|---|---|---|
| £ | |||
| Kim Hepple | Trustee | Session tutor | 4,290 |
| Pete Hepple | Close relative of trustee | Printing services | 400 |
| Marina Hartley | Trustee | Session tutor/ website updates | 1,820 |
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PET RESPECT LTD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 400 | 769 |
| Other trading activities | ||
| Fundraising events | 1,565 | 1,592 |
| Shop income | 24,518 | 19,641 |
| 26,083 | 21,233 | |
| Other income | ||
| Bank charges refund | - | 1,558 |
| Total incoming resources | 26,483 | 23,560 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 2,000 | 2,000 |
| Purchases | 1,546 | 2,845 |
| Closing stock | (2,000) | (2,000) |
| 1,546 | 2,845 | |
| Charitable activities | ||
| Hall Hire | 630 | 519 |
| Printing and Stationery | 997 | 861 |
| Clothing/Youth Club | 175 | 75 |
| Sessions and Tutors | 12,650 | 10,185 |
| Travel and Van | 2,152 | 1,771 |
| Miscellaneous | 576 | 89 |
| Depreciation | 242 | 311 |
| Volunteers expenses | (76) | 140 |
| Insurance | 639 | 596 |
| 17,985 | 14,547 | |
| Support costs | ||
| Finance | ||
| Bank charges | 54 | 216 |
| Governance costs | ||
| Accountancy fees | 960 | 894 |
| Total resources expended | 20,545 | 18,502 |
| Net income | 5,938 | 5,058 |
This page does not form part of the statutory financial statements
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