Charity registration number 1136215 Company registration number 07013695 IEngland and Wales) PET RESPECT LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
PET RESPECT LTD LEGALAND ADMINISTRATIVE INFORMATION Trustees K Hepple M Hartley S Kelly G Hartley Amills LEScott Secretary LEScott Charity number 1136215 Company number 07013695 Registered offlce 35 Seafield Avenue Hull East Yorkshire United Kingdom HU9 3JQ Independent examiner Trevor Rackham Rackham's Accountants Limited 3 Melton Enterprise Park Redclliff Road Melton East Yorkshire HU14 3RS
PET RESPECT LTD CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial slatements 6-14
PET RESPECT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 Seplember 2024. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charity's constitution, the Companies Act 2006 and "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 IFRS 102)" {effective 1 January 2019). ObJe¢tlves and activities To advance the education of the public in animal welfare and animal behaviour, and the principles of good care and managemenl 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. Public benefit Tl: IriistCJes h?v• n3id diie rtsgard to gLiidance iSSLied bj tb.e nb.3rit,, Commission in depjrling vJh2t 2ntivitiCas the charity should undertake. Achievements and performance Significant activities and achievements against objectives We have had an extremely busy year working in schools, Pupil Referral Units (PRU'S). Hull University and Hull Royal Infirmary. We work every day, mornings and afternoons and the dogs love their work, being fussed and playing games. We now have 13 dogs and 9 human volunteers,. this means we can do 2 schools at the same time. We still offer free workshops but most of the sessions are AAT (Animal Assisted Therapy) for which the schools pay for. One of our volunteers visits 2 Care Homes each week. There are more dog attacks now due to irresponsible ownership and people buying powerful breeds for their own ego. Often these dogs are not trained and can become very dangerous. It is always the owners fault when dogs attack. Our sessions always include how to be safe around dogs and also how dogs communicate to us. Teachers often ask us for advice and we are happy to answer their concerns. We haven't attended many fundraising events as they are always on weekends and we are all exhausted. A few items have been sold through social media and we need to raise more awareness of our products. Because of illness the website needs more attention,. we hope to have it fully updated in the near future.. Financial review Resee8 policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to no more than twelve months, expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Structure, governance and management The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the CompaniesAct 2006.
PET RESPECT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. K Hepple M Hartley S Kelly G Hartley A Mills L E Scott Recruitment and appointment or trustees The trustees of the charity form an executive committee who represents 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 lo fill vacancies arising through resignation or death of an existing trustee. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Jiiduclioii aiid ti.ai17iiig of ti"ustee5 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. The truslees, report was approved by the Board of Trustees. K Hepple Trustee 10 April 2025
PET RESPECT LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PET RESPECT LTD I report to the trustees on my examination of the financial statements of Pet Respect Ltd (the charity) for the year ended 30 September 2024. Responsibilities and basls of report As the trustees of the charity (and also Its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companie5 Act 20(E (the 2006 Act) Having satisfied myself that the financial statements of the charity 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 the charity's financial statements Carried out under section 145 of the Charities Act 2011 {the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{51(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 that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or Ihe financial Statements do not comply with the accounting requirements ol" section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is nol a matter considered as part of an independent examination-, or the financial statements 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 a Republic of Ireland (FRS 1021. 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 lo enable a proper understanding of the financial statements lo be reached. Trevor Rackham Rackham's Accountants Limited 3 Melton Enterprise Park Redclliff Road Melton East Yorkshire HU14 3RS Dated.. 10April 2025
PET RESPECT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legacies Other trading activities 483 39,215 483 39,215 18,301 34,712 18,301 34,712 Total income 39,698 39,698 53,013 53,013 Expenditure on: Raising funds Charitable activities Other expenditure 337 31,810 337 31,895 270 27,065 270 27,178 85 113 10 Total expendlture 32 154 85 32 239 27 335 113 27 448 Net incomel(expendlturel and movement in funds 7,544 (85) 7,459 25,678 (1131 25,565 Reconciliation of funds: Fund balances at 1 October 2023 50,917 339 51,256 25,239 451 25.690 Fund balances at 30 September 2024 58,461 254 58,715 50,917 338 51,255 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
PET RESPECT LTD BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Notes Flxed assets Tangible 8ssets 12 945 786 Current assets Stocks Debtors Cash at bank and in hand 13 14 2,500 987 55,303 2,000 g82 48,527 58,790 51,509 Credltors: amounts falllng due wlthln on8 yoar IS (1,020) (1,020) Net current assets 57,770 50,489 Total assets les8 Cu8nt liablllti88 58,715 51,255 Th8 funds of the charlty Restrlcted Income funds Unrestricted funds 16 17 254 58,461 338 50,917 58,715 51,255 The comp8ny Is entltled to the exemplon from the audlt requlrement contained in section 477 of the CcHnp8nie8 Act 2006, for the year ended 30 September 2024. The dlrectors acknowledge their responsiblllties for complylng with the requirements of the Compani88 Act 2006 with respeci to accounting records and the pr8paration of finan(xal 8tat8ments, The members have not required the company to obtaln an audit of its financial statements for the year In question in accordance with section 476. These financlal statements h8ve been prepared in accordance wlth the provisions applicable to companles subject to the small companies regime. The financial statements were approved by the trustees on 10 April 2025 K Hepple Trustee Company reglstration number 07013695 (England and INales)
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng policies Charity information Pet Respect Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 35 Seafield Avenue, Hull. East Yorkshire, HU9 3JQ, United Kingdom. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland. ("FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" {effective 1 January 2019}. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for Charities not to prepare a Statent of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the tntstees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the twstees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricled funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled lo it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy is treated as a contingent asset.
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, il 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 classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a ba51S consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation Charges are allocated on the portion ofthe asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their usefJl lj'ies an the fallowing bases: Plant and equipment Computers 150kn1250/o reducing balance 33 % reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset 15 estimated in order to determine the extent of the impairment loss (if any). 1.8 stocks stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing Ihe stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement Cosl and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issue5, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to Ihe contractual provisions of the instrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the iecognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-¢urrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Income from donations and legacles Unrestricted funds 2024 Unrestricted funds 2023 Donations and gifts 483 18,301
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from other tradlng activities Unrestricted Unrestrlctsd funds funds 2024 2023 Fundraising events Shop income 1,232 37,983 1,725 32,987 Olher trading activities 39,215 34,712 Expenditure on ralslng funds Unrestricted Unrestrlcted funds funds 2024 2023 Trading costs other trading activities 337 270
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expendlture on charltable activities Charltable expendiure 2024 Charitable expendiure 2023 Dlrect costs Depreciation and impairment Hire hire Prtnting and stationery Clothing/ youth club Sessions and tutors Travel and van Miscellaneous Volunteer expenses Insurance Bank charges 313 476 303 156 25.850 2,270 167 765 570 65 191 681 670 108 20.540 2.571 102 525 703 67 30,935 2e,15e Share of support and governance costs (see note 6) Govemance 960 1,020 31,895 27,178 Analysls by fund Unrestricted funds Restricted funds 31,810 85 27,065 113 31,895 27,178 Support costs allocated to actlvities 2024 2023 Governance costs 960 1,020 Analysed between: Charitable expendiure 960 1,020 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting).' Fees payable for the independent examinalion of the charity's financial statements Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 960 313 1,020 190 10-
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Trustees Trustees, were remunerated by charity for services their provided in the year above what is required of them as trustee. Details of these payments can be found in the related paty disclosure note {note Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. 10 Other expendltiire Unrestricted Unrestricted funds funds 2024 2023 Net loss on disposal of tsngible fixed assets 11 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Tangible fixed assets Plant and equipment Compute Total Cost At 1 October 2023 Additions Disposals 23,395 889 499 1889) 24,284 499 (1,122) (233) At 30 September 2024 23,162 499 23,661 Depreciation and impairment At 1 October 2023 Depreciation charged in the year Eliminated in respect of disposals 22,629 148 (2261 889 165 (889) 23,518 313 (1,115) At 30 September 2024 22,551 165 22,716 Carrying amoiint At 30 September 2024 611 334 945 At 30 September 2023 766 766 13 Stocks 2024 2023 Finished goods and goods for resale 2,500 2,000 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 150 832 987 987 982 15 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 1,020 1,020 12-
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Restricted funds The restricted fund5 of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 October 2023 Resources At30 expended September 2024 Restricted Equipment 339 {85) 254 Previous year: At 1 October 2022 Resources At30 expended September 2023 Restricted Equipmenl 451 (1121 339 17 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be Lfsed. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 October 2023 Incoming resources Resources expended Transfers At30 September 2024 Unreslricted equipment General funds 427 50,490 (2341 (31,9201 499 (499) 692 57,769 39,698 50.917 39,698 (32,1541 58,461 Previous year: At 1 October 2022 Incoming resources Resources expended Transfers At30 September 2023 Unrestricted Equipment General funds 505 24,734 1781 (27,2571 427 50,490 53,013 25.239 53,013 27,335 50,917 13-
PET RESPECT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 18 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 30 September 2024: Tangible assets Current assetsllliabililies) 691 57,770 254 945 57,770 58,461 254 58,715 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 30 September 2023: Tai"Igib5e oabbels Current assetsl(liabilities) 423 50,489 50,489 50,917 338 51,255 19 Related party transactlons Transactions with related parties During the year the charity entered into the following transactions with related parties (trustees and relatives of trusteesl-. Payment for services 2024 2023 Kim Hepple Pete Hepple Marina Hartley 4,160 4,080 380 1,180 860 5,020 5,640 14