REGISTERED CHARrrY NUMBER.. 1154444 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2024 FOR PA Xeinadin Audit Ltd 19 North Street Ashford Kent TN24 SLF
PAcr CONTENTS OF THE FINANCIAL STATEMENTS forthe Year Ended 31 March 2024 Page Report of the Trustees I to 11 Report ofthe Independent Auditors 12 to 14 Statement of Financial Artivities 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Financial Statements 19 to 24 Detailed Statement of Financial Activities 25 to 26
PAC[ REPORT OFTHE TRUSTEES forthe Year Ended 31 March 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by the Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFR5102) effective l January 2019. OBJEcfivES AND AcfiviTIES l. To relieve the suffering of animals of any species who are in need of care and attending and in particular to provide or maintain animal sanctuaries or other facilities for the reception and care of animals and the treatment of sick or ill-treated animals. 2. To advan the education of the public in the care of animals. 3. To advan education in the preservation. improvement and protection of the habitat and environment of animals. 4. To aid the rehabilitation and improve the quality of life for socially disadvantaged and disabled people. Signifjtant activitle5 PAcf- People for Animal Care Trust- operates a 6-acre sanctuary. along with 2 additional sites used as equine paddocks, dedicated to providin8 second chances for animals in need. The sanctuary rescues. rehabllitates. and where possible, rehomes or releases unwanted, abused, or Injured animals across multiple specles, includin8 companion animals, farm animals. and wildlife. Beyond rescue, PACT Is ploneerlng a more holistlc approach to anlmal welfare, focusing on long-term rehabilitstion. behaviovral sUPPOrt, and sustainable care models. The charity aims to become a hub for progressive animal welfare, sharing expertise and best practices to improve standards across the sector. The Trust also fosters meaningful human-animal connertions, welcoming socially disadvantaged and disabled individuals to en8age with animals in a therapeutic settin8. Throu8h education, outreach, and community engagement, PA champions responsible animal care, ethical rehomin& and wildlife conseNation efforts, ensuring its impact extends beyond the sanctuary. Public benefit TheTrustees have reviewed and considered the Charity Commission's Guidance on Public Benefit and are committed to ensuring that PAcfs work delivers measurable benefits to both animals and people. PAcf5 mi55ion extends beyond individual rescues to systemic change in animal welfare, addressing long-term sustainability and best practices in care. By providing rescue, rehabilitation, and lifelong sanctuary for animals in need. the charity alleviates suffering and enhance5 welfare standards. Through educational programs, community outreach, and volunteering opportltnities. PA foster5 public understanding of responsible animal care and ethical treatment, empowering individuals to contribute to a more compassionate society. Its commitment to accessibility ensures that people from all backgrounds, including those with disabilities or facin8 social disadvantage, can benefit from positive interactions with animals. The Trustees affirm that PACrys activities ali8n with its charitable purpose, advancin8 animal welfare while delivering public benefit through education, enga8ement, and ethical care standards. Page I
PACT REPORT OF THETRUSTEES forthe Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities Operational Developments12023-2024 Timeline) April 2023 Animal Welfare Audit PAC[ initiated an internal audit for animal welfare, alongside a comprehensive organizational review. The audit provided a baseline for evaluating and enhancing operational practices, partiCLJlarly around anim31 intske, care standard5, and outcomes. Animal Shelter Management System Laun¢h To improve efficiency and compliance with GDPR, PACT implemented an Animal Shelter Management System. This increased transparency and streamlined operations for both animal care and donor engagement. Risk Assessment Implementatlon A full risk assessment across all animal welfare operations was launched, with ongoing updates throughout the year. This live document forms the foundation for continuous improvement and ali8nment with the Code of Best Practice. TNR Program at Record Highs April saw record highs in Trap-Neuter-Return ITNRI cases, with 16 fer31 cat5 neutered. Thi5 program provides invaluable support to communities struggling with feral cat populations. helping to reduce both population growth and the spread of disease within colonies. May 2023 Restructure Proposal PAcf unveiled a small restructurin8 proposal aimed at optimizing operations. reducin8 costs, and ali8nin8 resources with strategic priorities. The proposal included key leadership and some operational adjustments. June 2023 Leadership Transltlon The interim CEO departed, and an interim TransfomiatSon Manager was brought on board to drlve operational change. ADCH Conference Attendance PACT participated in the Association of Dogs and Cats Homes IADCHI conference, showcasing its commitment to sector engagement and best practices. New Dental Scaler Purchased To enhance veterinary capabilities, PACT purchased a new dental scaler, irnproving the care offered to animals requiring dental treatments. July 2023 Open Day An open day was hosted to engage the community and showcase PACT'S work. Over 600 people attended, raising approximately £13,000. The event also increased visibility and strengthened ties with local supporters. M?rgot'5 Rescue and Recovery A sUPPOrter found Margot. a cat with severe head and facial injuries, at the roadside. PAcfs veterinary team performed emergency surgery and managed her neurological symptoms durin8 hospitalization. Margot made a full recovery and was later successfully rehomed. August 2023 Operations Manager Appointment Appointment of a full-time Operations Manager, reflecting PAcfs confidence in his leadership during a transitional period. Two Klds Sumrner Days The events were well received, offering Opportunities for youn8Sters to learn about animals throu8h fun activities like making hed8ehog houses. September 2023 Pa8e 2
PACT REPORT OFTHE TRUSTEES for the Year Ended 31 March 2024 Vendlng Machlne Instslled vending machine was installed to improve provisions for staff and volunteers, ensurin8 better access to refreshments during busy shifts. Poppy and Jenna's End-of-Llfe Support PACT supported two end-of-life animals, Poppy and Jenna, by providing home visits for blood pressure checks, pain evaluation, and peaceful euthanasia in their owner5, home5. This compa55ionate care underscored PAcfs dedication to supporting anima15 and their owners during challenging time5. Ortober 2023 New Warehousing Strurture for Relail Retail operations were overhauled, with the establishment of a centralized warehousing model to streamline inventory management and distribution. Animal Shelter Manazernent System Upgrade PACT launched a new ver5i0n of the shelter management 5yStem. enhancing functionality and user experience. QuickBooks to Xero Migration Plannin8 began for the migration from QuickBooks to Xero, aiming to modemize financial management and reportin8 systems. Penny's Rescue and Recovery Penny, a cat suffering from severe medical neglect due to a year-old ulcerated stump. was brought to PA. The veterinary team performed an immediate amputation, and Penny was rehomed shortly after recovery. November 2023 EPOS System Setup A new elertronic point-of-sale IEPOSI system w35 implemented, improving the efficiency of retail transactions and enablin8 better sales tracking. Retall Development Manager Appointment A new Retsil Development Manager was hired to replace the regional retail manager, bringing expertise in retail growth strategies. XL Bully Breed Assessments BeBin PAcf began measuring and assessing dogs that might meet the criteria for XL Bully tlassification, preparing for anticipated regulatory change5. December 2023 Wesley's Complex Rehabllltatlon Wesley, a do8 With complex behavioural issues and seizures, successfully underwent treatment and was rehomed to an owner who also has epilepsy. This pairing hi8hlighted PAcf's ability to manage intricate medical and behavioural cases. January 2024 CEO Recruitment Begins The search for a new CEO commenced. reflecting PAcfs commitment to strengthening leadership for the next phase of growth. X-Ray Machlne Quotes and Research Quotes and research were gathered for the purchase of a new X-ray machine. aimin8 to improve diagnostic capabilities within the santtuary. February 2024 CEO Appointment and Transition A new CEO was appointed. set to begin in April 2024, 518nalling the stsrt ofa new leadership era for PA. New Warehouse and Shop Space Secured A warehouse and shop space were acquired in Yaxham Road, Dereham (Norfolkl, expandin8 PAcfs retsil footprint and operational capacity. March 2024 Page 3
PA REPORTOFTHE TRUSTEES for the Year Ended 31 March 2024 Gift Ald Relaunch A campaign was launched to relaunch and retrospectively claim Gift Aid, enhancing donation value and driving donor engagement. Underdog Pet Therapy Program The Underdog Pet Therapy initiative was launched. highlightin8 PAcfs commitment to innovative and community-focused programs. Paddy's Lrfesavin8 Treatment Paddy. a dog with a rare congenital kidney problem, required emergency intervention, including a blood transfusion from donor dog Babet, surgery to remove large bladder clots, and kidney removal. Paddy's speedy recovery brought immense relief to both hi5 owners and the PACTteam. Coordinated Rescue with RSPCA - a raid wa5 done on a home in ThetFord where the RSPCA asked us to take a lot of dogs and guinea pigs, all of which required veterinary care. They have all been successfully rehomed. Leila's Case - another severe medical neglect case as a sign over from the vets after the owners requested euthanasia. She had a perforated eye from congenitally deformed eyelids and heavy head rolls rubbing on the surface of her eye. 2 "facelifts" and eyelid correction surgery later and she's a new dog. She is mostly blind in her remaining eye due to scarring however ha5 settled into a foster home beautifully. Watch this space for her finding her forever home. Wildlife Animal care and the Vale Wildlife Hospital we are now speaking regularly with the vale on their wildlife protocols and changes to ailments / treatment protocols we are finding. They would like us to collect data on wildlife for future studies in the hope we can publish a paper. This timeline reflects PACT'S relentless commitment to operational improvements, specialized animal care, and community support. By addressing diverse challen8es and embracing innovation, PACT continues to ensure second chances for animals in need while supportin8 its dedicated team of stsff, volunteers, and supporter5. Overvlew of PAcf's Animal Welfare Artlvltles PAcf (People for Animal Care Trust) is a multifaceted animal welfare organization dedicated to providing second chances to animals in need. The sanctuary focuses on holistic care, rescuing animals across various species-including domestic pet5. farm animals, and wildlSfe-and workin8 to rehabilitate and rehome or release them back into their natural environments. With a vision of ensuring animals thrive rather than merely survive, PAcf employ5 a blend of medical care, behavioural rehabilitation, and community engagement to support its mission. At the heart of PAcf's operations is its sanctuary, which provides a haven for animals rescued from neglect, abuse, or environments that can no longer meet their needs. The organization also collaborates with local communities, educational institutions, and specialized rescues to ensure animals receive the care and attention they deserve. In addition, PAcf 5UPPOrts wildlife rehabilitation, handlin8 cases like injured hedgehogs and small birds. often releasing them back into the wild once they are fit. Trends In Outcome Data The outcome data from the audit reflects the sanctuary's core artivities. The highest proportion of animals, 26%. were released to the wild. This highlights PAcfs focus on wildlife rehabilitstion and the successful reintegration of many animals into their natural habitats. This is closely followed by 20% of animals being adopted. showcasing PAcfs commitment to finding loving, permanent home5 for domestic animals and unwanted pets. Around 19% of animals remain on shelter care. which is indicative of PA,5 on8oin8 commitment to long-term care for animals that are either in recovery or awaiting rehoming. However, this f igure may a150 point to challenges in adoptlon demand or extended rehabilitation periods, emphasizing the need for resources and strategie5 to enhance turnover without compromising welfare standards. Challenges in Mortality and Euthanasia Rates The combined total of 29% for deaths and euthanasia outcomes is significant and suggests that PAcf frequently encounters cases where animals arrive in dire conditions. This trend could reflect the Sanctuary's mission of taking on the most vulnerable cases, includin8 wildlife with severe injuries or pets with terminal illnesses. It also underscores the Importance of robust veterinary care and informed decision-making regarding euthanasia. Page 4
PAcr REPORTOF THE TRUSTEES for the Year Ended 31 March 2024 Adoptlon Trends by Species The dats reveals significant variation in adoption rates across different species: l. Cats dominate the adoption statlstics, accounting for 46% of all adoptions. Their popularity is likely driven by their ststus as highly sought-aftercompanion animals and PAcfs efforts in promoting their rehoming. 2. Dogs follow a5 the second most adopted species, making up 26% of the total adoptions. This reflects a strong public interest in rehoming do85, Potentially driven by PACT'S focus on behaviour rehabilitation and readiness for adoption. 3. Small Animals, including rabbit5113%1 and guinea pigs17%1. also feature in the adoption data but at lower rates. These animals. though less common as pets, still attract adopters who may appreciate their unique companionship qualitie5. 4. Rats represent a small portion of adoptions at 3%, which is consistent with their niche appeal as pets. While not as popular. PAcfs efforts to rehome these animals ensure their welfare is not overlooked. Insights on Adoption Variation5 The data indicates that PA successfully facilitates adoption5 for a wide range of species. although there is a clear preference for traditional pets like c3ts and do85. To ftjrther increase adoption rates for small animals. targeted campaigns hi8hlighting their unique care needs and benefits as pets could be beneficial. Additionally. educational outreach to potential adopters about the joy of keeping non-traditional pets might help balance the adoption rates acr055 species. PAcfs ablllty to rehome such a diverse array of animals underscores its adaptability and commitment to ensurin8 every specie5 is given a chance to thrive in a lovin8 environment. Animal Intake by Specles In 2023-24. PACT continued to play a critical role in rescuing. rehabilitating, and rehoming animals from a variety of species, demonstrating both the breadth and depth of its efforts in animal welfare. Over the year. the sanctuary managed a significant Intake of animals aeross diverse tate8ories, hi8hli8hting the complexity and specialization required to meet the unique needs of each species. Wildlife formed the largest proportion of intake5, Wlth 861 wild mamma15 and 461 wild birds brought into care, alongside 127 additional wild birds requirin8 specialized rehabilitation. These figures emphasize PACT'S critical contribution to preserving wildlife and its ability to handle complex cases requirin8 specialized facilities, expertise, and resources to rehabilitate animals for release back into their natural habitats. Domesticated animals also represented a significant portion of the year's intakes. Cats accounted for 175 intakes. showcasing the sanctuary's ongoing commitment to addressing the needs of unwanted or stray companion animals. Dogs. numbering 82. reflected PAcfs ability to support diverse species through behavioural rehabilitation and rehoming efforts. Smaller mammals. such as rabbits1521, guinea pigs1231, and micelrats1111, also featured prominently. These species require unique care routines and specialized environments. further underscoring the sanctuary's adaptability- Similarly. PA extended its expertise to less conventional pet5. including ferrets141 and 8erbils {31. ensuring their welfare was not overlooked. The sanctuary also supported 31 farm animals, highlighting its capability to care for larger. resour-1ntensive Species that often face neglect or abandonment. Additionally, exotic species (3) and domestic blrds141 were provided with the specialized care necessary for their unique physical and behavloural needs, showcasing PAcfs role in addresslng complex and diverse animal welfare challenges. Overall, the number5 reflect not just the sheer scale of PAcfs work but also the variety of species and the specialized approaches required to meet their needs. From wildlife to domestic pets, exotic species to farm animals. PAcfs ability to adapt its operations and provide tailored care has cemented its role as a cornerstone of animal welfare. This year's efforts illustrate the sanctuary's unwavering commitment to providing second chances to animals in need, ensurin8 that they are not just rescued but also given the opportunity to thrlve. Page 5
PAcr REPORTOF THE TRUSTEES for the Year Ended 31 March 2024 Flndin85 on Outcomes by Reason for Intake The high wildlife intake at PAcf in 2023-24, with 861 wild mammals and 461 wild bird5, reflects the growing pressures on natural habitats and the increasing frequency of human-wildlife interactions, Key causes include habitat destruction due to urbanization and agricultural expansion, leading to displacement and injuries, Additionally, climate change and extreme weather events have disrupted ecosystems, resulting in orphaned or injured wildlife. PACT'S speclalized facilities and expertise make it a critical resource for addressing these challenges. providing life-savin8 care and rehabilitation for animals that might otherwise have no chance of survival. The analysis of outcomes based on the reasons for animal intake offers valuable insights into the patterns and challenges faced by PAcf. Animals arrive at the sanctuary for a variety of reasons, including abandonment, abuse, allergies. incompatibility with other household animals, and behavioural issues like biting, Each reason presents unique challenges and influences the eventual outcomes for these animals. Key Trends l. Abandonment.. Animals brought in due to abandonment are most frequently released to the wild175%) when they belon8 to 5pecie5 Sultable for reintegration into natural habitats. A smaller proportion remains on shelter care125%1, suggesting either a delay in adoption readiness or challen8es in rehoming such animals. This highlights the need for targeted interventions to support the transition of abandoned animals to Suitable environment5. 2. Abuse: Most animals rescued from abusive situation5 are successfully adopted IIOO% of the cases analysedl. This underscores PACT'S commitment to providing second chances for animals that have endured trauma, However, these cases often require significant rehabilitation efforts, both medical and behavioural, before adoption is possible. 3. Aller8ie5: For animals relinquished due to allergies in the household, outcomes are evenly distributed among adoption {33%1, reclamation by previcus owners133%1, and remaining on shelter care133%1. This suggests that these animals, while not In critical condition, may face delays in findlng new homes due to their status as owner-relinquished pet5. 4. Household Incompatibility: When animals are surrendered because they a not tolerated by other household pets, adoption is the most common outcome183%). This trend indicates stron8 demand for rehoming these animals. likely aided by thelr compatibility with other types of homes or environments. 5. Behavioural Issues le.g., Bitingl.. Animals surrendered due to behavioural challenges such as biting predominantly remain on shelter care IIOO%I. Thi5 highlights the complexity of managing behavioural rehabilitation and finding suitable adopters willin8 to take on such challenges. Fundrai5in8 artivitles PAcf is grateful to the thousand5 of people who generously contlnued supporting the charity's work this year and helped to fund our activities. It is only because of the kindness of our lon8-Standin8 Stipporters that we can provide superior welfare SeICe5 to the animals Sn our care. The quarterly newsletters and online fundraislng appeals have been successful, thanks to the generosity of our 5UPPOrters and the hard work of the charity staff, media team, and volunteers. Our plan is to further develop f undrai5ing with well-communicated events throughout 2023-24. We signed up with the Farewills scheme, with thanks to a benefactor donating the funds to launch the free will-writing offer. This initiative has been successful. with four wills being t8ken up wlthin the first quarter. Like every year, we employed a ran8e of fundrai5in8 approaches to raise money. including but not limlted to through fundraising events1Snitiated by us or by third parties), dirert mail appeals through our quarterly newsletter. and other ongoing initiatives aimin8 at strengthening support from individuals who represent most of our income source, after legacies. Please refer to audited accounts for detalled income source reporting. Page 6
PACT REPORT OF THE TRUSTEES fortheyear Ended 31 March 2024 FINANCIAL REVIEW Financial positlon Income and Fundraising PACT'S total income in 2023124 declined by 23.8%, from £3,025,687 in 2022123 to £2,304,402. This decrease contrasts with trends in other UK anlmal welfare charities, which largely recovered post-COVID through structured donor engagement and income diversification. PAcfs reliance on legacies and its grassroots approach to donor communication, coupled with the transition to a new database with limited historical data, contributed to this temporary decline. The need for strate8ic di8itsl engagement and an optimized fundraising management system has been put in the plans for further implementation. Charlty Shop Income A bright spot in PAcf's financial performance was the 22.5% growth in charity shop income, increasing from £1,015,322 to £1,243.546. This recovery to pre-COVID levels mirrors trends across the sector, where reopenin8 of shops and increased footfall drove revenue. PAcfs retail operations have demonstrated resilience and growth potential, posltioning them as a key pillar for future income strategies. Donatlons and Legacies Donations decreased by £304,134, and legacy income fell by £638,004, reflertin8 sector-wide variability in this income stream. PAcfs over-reliance on these sources highlights the need for diversification, Exploring low-hanging fruit such as digital campaigns, corporate sponsorships, and online appeals could bolster future income streams while reducing risk. Expendltures PAcf reduced total expenditures by 10.5%, from £2,371,272 to £2,122,7SI, reflecting a commitment to cost management during a challenging year. These reductions align with sector-wide trends of streamlinin8 operations to preserve resources for mission-critical activities. Employee Costs Employee costs rose by 16.2%, from £1,199,365 to £1,392,897, driven by inflationary pressures and expanded service demands. While this increase is consistent with sector challenges, it underscores the importance of balancing stsffing needs with financial constralnts. Investments in staff are vital for sustaining service delivery, but strategic workforce planning will be key moving forward. Net Posltlon PAcf achieved a £181,651 Surplus in 2023124. down from £654,415 in 2022123. This decline reflects increased demands and operational costs but also showcases financial resilience. The organization's net a55ets increased from £1,865,936 to £2,047,587, reflerting prudent flnancial management and a commitment to long-term stability. Page 7
PACT REPORT OF THE TRUSTEES for the Year Ended 31 March 2024 FUTURE PLANS Insights and Recommendations The dats underscore5 PACT'S success in rehoming abused animals and addressing abandonment cases. However, behavioural issues represent a significant barrier to positive outtomes, often leaving animals in long-term care. Targeted behavioural rehabilitation programs and adopter education could help address these challenges. For animals relinquished due to allergies or household incompatibility, fostering temporary care or trial adoptions may expedite rehoming processes. Overall. the sanctuary's ability to tailor outcomes based on intake reasons demonstrates its adaptability and commitment to meeting the diverse needs of animals. By further enhancing targeted interventions and outreach programs. PAC[ can continue to improve outcomes and ensure all animals receive the second chance they desee. l. Establishing Sound and Accountable Senior Leadership Team and CEO To ensure PAcf remains resilient and visionary. the organization will prioritize the establishment of a sound and accountsble senior leadership team under a newly appointed CEO. This leadership team will work collaboratively to align PAcfs operations with its rnission, while fostering a culture of transparency, accountability, and innovation. Thi5 will include clear role definitions, performance metrics, and a governance framework to support strategic decision-making and operational excellence. 2. Inltlatlng a Strateglc Plannlng Cycle for 2024-2027 PAcf will embark on a comprehensive strate8ic planning Cycle to define its direction for the next three years. This process will involve input from trustees, staff, volunteers, and external stakeholders to ensure alignment with the evolving needs of the community and the animals in its care. The strategy will focus on 5tren8thening organi2atlonal capacity. setting measurable goals, and e5tablishin8 a roadmap to achieve long-term impact. 3. Refinlng Accountln8 Systems To improve financial transparency and operational efficlency, PAcf wlll further refine it5 accounting system5. This includes creatlng clearer separatlon between the charity and trading budgets. allowing for better financial oversight and resource allocation. Upgraded systems will enhance reporting capabilities, ensuring compliance with regulatory requirements and supporting strategic decislon-making. 4. Planning Fundlng Diversification PAcf recognizes the need to diversify its income streams to reduce dependency on legacies and increase resilience. This includes increased investment in fundraising initiatives, corporate sponsorships, and philanthropic efforts. Additionally, PACT aims to enhance the visibility and impact of its retail network, positioning its charity shops as ambassadors ofthe sanctuary's mission within the communities they seNe 5. Rebwandlng and Repositioning for the 30th Anniversary In conjunction with its 30th anniversary, PACT will initiate a rebranding exercise to reposition itself as a leader in post-rescue services. This includes adopting a fresh visual identity and communications strate8y that highlights its commitment to enhanced animal care standards. The rebranding will celebrate PA'S legacy while projecting fonmard-looking image that aligns with its evolvin8 role in animal welfare. 6. Expanding External Partnerships and Collaboration PACT aims to deepen it5 external partnerships and collaborations to amplify its impact, particularly in wildlife rehabilitation and conservation. By working with academic institutions, conservation organiz2tiDn5. and local communitie5, PAcf will contribute to the development of innovative approaches 3nd share its expertise in addressing complex wildlife challenges. 7. Incorporatlng Sustainability Values Page 8
PACT REPORT OF THE TRUSTEES for theyear Ended 31 March 2024 Sustsinability will become 3 core value embedded in PACT'S charity and retail operation5. Initiatives will include reducing waste, adoptin8 renewable energy sources, and promotin8 environmentally conscious practices acr055 all activities. These efforts will align PACT'S operations with global sustainability goals while fostering a culture of environmental stewardship amon8 its staff, volunteers, and supporters. These forward-looking initiatives will ensure that PACT not only addresses the immediate needs of the animals in its care but also position5 itself as a sustainable and innovative leader in the field of anim31 welfare STRUCTURE. GOVERNANCE AND MANAGEMEMr Governing document PA- People for Animal Care Trust- is a Charitable Incorporated Organisation {CIO), registered on 4th November 2013. with operations commencing on 1st April 2014 following the transfer of assets from the former charity (10452511. As a UK charity, PA operates in accordance with its Constitution, whith outlines its purpose. governance framewor and operational structure. The charity is a150 guided by a set of key governance documents, including= Trustee Code of Condurt Conflict of Interest Policy Scheme of Delegation Board and subcommittee Term5 Of Reference Financial Regulations and Reserves Policy Risk Management Framework Safeguarding Policy Fundraisin8 and Ethical Fundraising Policies Complaints and Whistleblowing Policy These documents provide the foundation for effective decision-makin8, accountability, and regulatory compliance. ensuring PAcf operates with transparency and integrity- Recruitrnent and appointment of new trustees In 2024, a full review of the Constitution and governance structure was undertaken to strengthen oversight, accountability, and strategic leadership, A new Board formation was implemented, expandin8 the number of trustees to address previous challen8es in maintainin8 an effective governance calendar. This restructuring was aligned with the Charity Commission's recommendations from 2022, significantly improving the Board's competencies and risk management approach. A trustee skills matrix was developed to identify key areas of expertise required for PAcfs growth. A structured trustee recruitment campaign was carried out in 2024. resulting in a renewed leadership team with a balance of financial. leg31. operational, and animal welfare expertise. The traditional 8overnance structure of Chair. Vice-chair, and Treasurer has been retained. To enhance govemance effectiveness. a system of subcommittees has been introduced. ensuring a more distributed workload. broader trustee engagement, and c105er risk oversight. These subcommittees review key areas of the charitys operation5 in advance of full Board meetings, enabling more effective strategic decision-making. Procedures and policies for deci5ion-making With the new Board and leadership structure in place, a full review of all policie5 and procedure5 is currently underway to ensure compliance. effectivene55. and strategic ali8nment. The Board of Trustees meets quarterly. with additional monthly ad-hoc meetings as required to oversee key transitions. including the successful establishment of a new CEO and senior leadership team. Each subcommittee meets ahead of full Board meetings to ensure strategic alignment between 8overnance and operational activities. Decision-making processes have been strengthened to ensure that Board-level discussions are informed, evidence-based, and strategically sound. While the Board sets the Charity's overall dirertion, the day-to-day running of Page 9
PAcr REPORT OF THE TRUSTEES forthe Year Ended 31 March 2024 PACT is delegated to the CEO and Senior Leadership Team ISLn, who operate withln approved policies, strategic objectives. and f inancial controls. These governance improvements have resulted in a more structured, agile, and responsive leadership model, allowing the charity to file its accounts on time and overcome past challenges. as previously flagged by the Charity Commission. Rlsk management A comprehensive Risk Register has now been implemented and is actively maintained and refined in collaboration with the Senior Leadership Team. This register 15 reviewed regularly at both subcommittee and Board levels, ensuring continuous monitoring of risk5 acr055 all key operational and governance areas. The Risk Register covers the following seven critical areas.. l. Governance & Legal - regulatory compliance, trustee oversight, and safeguarding policies. 2. Finance & Operations - financial sustainability. reserves management, and fraud prevention. 3. Human Resources - staff well-being, succession planning, and employment risk5. 4. Marketing, Fundraising & Communications - donor engagement. reputational risks, and GDPR compliance. 5. Commercial & Retail - charity shop operations. lease agreements. and financial performance. 6. Animal Welfare- care standards. biosecurity. and veterinary oversight. 7. Sites Management & Sustainability- infrastrurture. environmental risks, and climate-related adaptations. A5 part of PA,5 strategic transformation, a full policy review Is underway to ensure robust mitigation strate8ie5 are in place for all identified risks. The charity is also embeddins a culture of proactive risk management. ensurin8 that emerging threats such as fluctuations in donor income due to the cost-of-living crisis, financial uncertainties, and environmental risks le.g., bird flu outbreak5 and climate-related disruptions} are addressed with agility and resilience. These structural, financial, and operational improvements have posltioned PACT to move forward with greater stability, strategic foresight, and long-term sustainability. REFERENCE ANDADMINISTRATIVE DETAILS Registered Charlty number 1154444 Prlntipal address River Farm WoodrisinB Hingham Norfolk NR29 3HE Trustees Mrs S Lumbard Ire5igned 18.8.231 T Wright (resigned l.1.241 Mrs T Wilde {resigned 12.9.241 D Wilkinson {appointed 13.2.221 P van Dijk (resigned 23.10.231 (re-appointed 23.9.241 S Tate Iresigned 11.03.241 P Eke {resigned 12.06.241 M Di Giacomo Iresigned 5.7.231 A Lejk (appointed 13.9.241 Z Phillips (appointed 13.9.241 D Prince (appointed 13.9.241 N Barbosa (appointed 12.6.241 H Stuart (appointed 12.11.241 E Lemay {appointed 12.11.241 M Perryman-smith (appointed 12.06.241 T Ratcliffe (appointed 13.12.20241 Pa8e 10
PAcr REPORT OF THE TRUSTEES for theyear Ended 31 March 2024 Audltors Xeinadin Audit Ltd 19 North Street Ashford Kent TN24 8LF srATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pratticel. The law applicable to charities in England and Wales. the Charities Act 2011. Charity (Accounts and Reportsl Reg¢Jlations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expendlture, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent: state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements; prepare the financial statement5 on the going concern basis unless it is inappropriate to presume that the charity will continue in busSness. The trustees are responsible for keeping proper accounting record5 which dlsclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charitles Act 2011, the Charity IAccounts and Reports) Regulations 21)J8 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 3010112025 Approved by order of the board of trustees on .,.,..............,.,,.,..................... and signed on Its behalf by.. Mr A Lejk-Trustee Page 11
REPORTOFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF PACT Oplnion We have audited the financial statements of PAcf (the 'charity') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of si8nificant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pr8Cticel. In our opinion the financial Statements: Bive a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its intomlng resources and application of resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartite; and have been prepared In accordance with the requirements of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufflcient and appropriate to provide a basis for our opinion. Concluslons relating to going concern In auditin8 the f inancial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertalnties relating to events or conditions that, individu211y or collectively. may cast signlficant doubt on the charity's ability to contlnue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to 8oin8 concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprise5 the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the f inancial statements does not cover the other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial ststements. our responsibility 15 to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misst8ted. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this 8ives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude th3t there is a material misstatement of this other Information, we are required to report that fact. We have nothing to report in thls regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charitie5 (Accounts and Reports) Regulations 2008 requires us to report to you if, In our opinion: the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements: or sufficient accounting records have not been kept,. or the financlal statements are not in a8reement with the accounting record5 and returns,. or we have not received all the information and explanations we requSre for our audit. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF PA Responsibilities of trustees As explained more fully In the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. n preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosin8, as applicable, matters related to going concern and using the 80in8 concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic altemative but to do so. Our responslbllttles for the audlt of the financlal statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effert thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to Influence the economic decision5 of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our objectives in perfomiing the audit are to identify and assess the risk of material misstatement in the financial Statements due to fraud or error and to obtain sufficient audit evidence to support this. We also evaluate and respond to the risk of materlal misstatements. Audit procedures performed by the engagement team in¢luded- Gaining a full and extensive knowledge of the entity, the external environment within which it operates. and the regulatory frameworks it must abide by. Discussions with management and those char8ed with governance as to any known or suspected instances of non-compliance with law5 and regulations, 35 well as fraud. Review of significant and unusual transactions and reading minutes of those charged with governance. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or8.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 13
REPORT OFTHE INDEPENDENT AUDITORSTO THE TRUSTEES OF PAcr Use of our report This report is rnade solely to the charlty's trustees, 35 a body, in accordance with Part 4 of the Charities (Accounts and Reportsl Re8ulations 2008. Our audit work has been undertaken so that we might state to the ch2rity's trustees those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for thi5 report, or for the opinions we have formed. - L Xeinadin Audit Ltd 19 North Street Ashford Kent TN24 8LF Date.. Page 14
PAcr STATEMENT OF FINANCIALA1vlTIES forthe Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restrirted fund Notes INCOME AND ENDOwmEs FROM Donations and legacies 1.060.061 1,060,061 2,003,199 Charltable activities Sanctuary Operations 500 500 Other trading activities Other income 1,243,546 295 1,243.546 295 1,022,488 Totsl 2,304,402 2,304,402 3.025.687 EXPENDITURE ON Charitable actlvftles Sanctuary Operations 1,802,109 1,802,109 1,7SO,805 Other 320,642 320,642 620,467 Total 2,122,751 2,122,751 2.371.272 NET INCOME 181,651 181,651 654.415 RECONCILIATION OF FUNDS Totsl funds brought forward 1,826.570 39.366 1.865,936 1.211,521 TOTAL FUNDS CARRIED FORWARD 2,008.221 39.366 2,047,587 1,865,936 The notes form part ofthese financial statements Page 15
PAcr BALANCE SHE 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets 1.085,379 1.085.379 1,138,293 CURRENT ASSETS Stocks Debtors Cash at bank and in hand I7,15 944,451 201,304 17,005 944,451 240,670 17,940 694.709 352,878 io 39,366 1,162.760 39.366 1.202,126 1.065.527 CREDITORS Amounts falling due within one year li (139,617) 1139,6171 {218.443) NEf CURRENT ASSETS 1.023,143 39,366 1,062,509 847,084 TOTAL ASSETS iE5S CURRENT LIABILITIES 2,108,522 39.366 2.147,888 1.985.377 CREDITORS Amounts fallin8 due after more than one year 12 1100,3011 1100,3011 1119,4411 NET ASSETS 2.008.221 39,366 2.047,587 1,865,936 FUNDS Unrestricted funds Restricted funds 14 2,008.221 39.366 1.826,570 39,366 TOTAL FUNDS 2,047,587 1,865,936 The financial ststements were approved by the Board of Trustees and authori5ed for issue on 31)I01.}2&................... and were signed on its behalf by.. A Lejk - Trustee The notes form part ofthese financial statements Page 16
PACT CASH FLOW STATEMENT for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash flows from operatlng actItIeS C35h generated from operations Tax paid 139.7061 146.559) 272,904 Net cash (used inllprovided by operating activities 186,2651 272,904 Cash flows from investing artivities Purchase of tangible fixed assets Sale of tangible fixed assets 17,9821 1,179 163,9421 Net cash used in inve5tin8 actNlties 16,803) {63,942} Cash flows from flnancln8 actlvttles Loan repayments in year {19,1401 Net cash {used inl/provided by financing activities 119.1401 Change in cash and cash equNalents In the reportlng period Cash and cash equivalents at the beginning of the reporting period 1112.2081 208,962 352,878 143,916 Cash and cash equlvalents at the end of the reportin8 period 240,670 352,878 The notes fcrm part of these financial statements Page 17
PAcr NOTES TO THE CASH FLOW STATEMENT forthe Year Ended 31 March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net income for the reportin8 period (as per the Statement of Flnancial Activitles> Adjustments for: Depreciation charges Profit on disposal of fixed assets Decrease in stocks Increase in debtors IDecreasel/increase in creditors 181,651 654,415 60,012 12951 935 1203.1831 178,8261 70.184 1570.9501 119.255 Net cash (used inl/provided by operatlons 139,7061 272.904 ANALYSIS OF CHANGES IN NET FUND5 At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 352,878 {112,2081 240,670 352,878 1112.2081 240.670 Debt Debts falling due within l year Debts fallinB due after l year (20,0001 (119,4411 120,0001 1100,3011 19.140 1139.4411 19,140 1120,301) Totsl 213,437 193,0681 120,369 The notes form part of these financial statements Page 18
PACT NOTESTOTHE FINANCIAL STATEMENTS for the Year Ended 31 March 2024 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 1021 'Accountin8 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 1021 (effective l January 20151,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financi31 statements have been prepared under the historical cost Convention. Income All incoming resources are accounted for when the charity is legally entitled to the income, and when the amount can be quantified. Legacy income 15 reco8nised when its receipt is probable. Legacy income is not recognised while a life interest remains. Expenditure Liabilities are recognised as expenditure as soon as there 15 a le8al or constructive obligatlon committing the charity to that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and the amount of the obli8ation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the cate80ry. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Costs are classified between Charitable Activities. Cost of Generating Funds and Governance directly dependin8 upon their purpose within the Charity. Administration costs are apportioned between the Sanctuary Operation and Charity Shop Administration proportionally based upon the proportion of administration payroll attributed to each sertor. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Sanctuary Improvements PlanL Equipment and Vehicles IO% on reducing balance 25% on reducing balance Stocks Stocks are valued at the lower of cost and net realisable value. after makins due allowance for obsolete and slow moving items. Inventory (Veterinary Stock) is valued at the cost to the Charity. Fund accounting Unrestricted fund5 can be used in accordance with the charitsble objectives at the discretion of the trustees. Restricted funds consist entirely of funds donated to the Charity in a campaign to build a Wildlife Facility. This facility was built during the years ending 31 March 2016 and 31 March 2017 and the restricted funds are now carried forward as the Wildlife Facility fixed asset. This fixed asset is classified as a Sanctuary Improvement in these accounts. Further explanation of the nature and purpose of eath fund is included in the notes to the financial statements. Page 19 tontinued...
PA NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2024 OONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Legacies 392,745 667.316 696,879 1,306,320 1.060,061 2,003,199 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Charity Shop Turnover Commission Income 1.243.546 1,015,322 7,166 1,243,546 1,022,488 INCOME FROM CHARITABLE AcfiviTIES 31.3.24 31.3.23 Activity Sanctuary Operations Grants 500 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totsls Sanctuary Operations 1,770,211 31.898 1,802.109 SUPPORT COSTS Governance costs Other Totals Sanctuary Operations 24,830 7,068 31,898 TRUSTEES, REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 20 continued...
PACT NOTES TO THE FINANCIAL STATEMENTS - continued for theyear Ended 31 March 2024 TANGIBLE FIXED ASSETS PlanL Equipment and Vehicles Freehold Land Sanrtuary Improvements Totsls COST At l April 2023 Additions Disposals 630,279 879.567 143.370 7.982 (1,179) 1,653.216 7.982 11.1791 At 31 March 2024 630,279 879,567 150.173 1,660,019 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 421,631 45,766 93,292 14.246 12951 514,923 60,012 12951 At 31 March 2024 467,397 107,243 574,640 NET BOOK VALUE At 31 March 2024 630,279 412.170 42,930 1.085,379 At 31 March 2023 630,279 457,936 50,078 1.138,293 STOCKS 31.3.24 31.3.23 Veterinary Stock 17,005 17.940 io. DEBTORS: AMouNfs FALUNG DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors VAT Receivable Prepayments and accrued income 3,154 67,223 874,074 20,664 674,045 944,451 694,709 Page 21 continued...
PAcr NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 March 2024 ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Taxation and soclal security Other creditors 47,657 54,981 36,979 100,905 17.828 99,710 139,617 218,443 12. CREDITORS: AMOUNT5 FALUNG DUE AFTER MORE THAN ONE YEAR 31.3.24 31.3.23 Other creditors 100,301 119,441 LOANS An analysi5 of the maturlty of loans is given below: 31.3.24 31.3.23 Amounts falllng due within one year on demand: Other loons 20.000 20.000 Amounts falling between one and two years: Other loans - 1-2 years 100,301 119,441 14. MOVEMENT IN FUND5 Net movement in fund5 At 31.3.24 At 1.4.23 Unrestricted funds General fund 1.826,570 181,651 2,008,221 Restrlcted funds Wlldlife Facility Appeal 39.366 39,366 TOTAL FUNDS 1.865.936 181,651 2,047,587 Page 22 continued..
PACT NOTESTO THE FINANCIALSTATEMENTS- continued for the Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- continued Net movement in fund5, included in the above are as follows: Incomin8 resources Resources expended Movement in funds Unrestricted fund5 General fund 2,304,402 12,122,751) 181,651 TOTAL FUNDS 2,304.402 12,122,751) 181,651 Comparatives for movernent In funds Net movement in funds At 31.3.23 At 1.4.22 Unrestrlcted funds General fund 1,172,155 654,415 1,826,570 Restrlrted funds Wildlife Facility Appeal 39,366 39,366 TOTAL FUNDS 1.211.521 654.415 1,865,936 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlrted funds General fund 3.025,687 12,371,272} 654.415 TOTAL FUNDS 3,025,687 12,371,272) 654,415 Page 23 continued.,.
PA NOTES TO THE FINANCIAL STATEMENTS- continued forthe Year Ended 31 March 2024 14. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined position Is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 1.172,155 836,066 2,CQ8,221 Restrlrted funds Wildlife Facility Appeal 39,366 39,366 TOTAL FUNDS 1.211.521 836,066 2,047.587 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestrlrted funds General fund 5,330,089 14,494,023} 836.066 TOTAL FUNDS 5,330,089 14,494,023) 836,066 15. RELATED PARTY DISCLOSURES There were no related party transartions during the year. Page 24
PAcr DETAILED STATEMENTOF FINANCIAL AcfiviTIES forthe Year Ended 31 Marth 2024 31.3.24 31.3.23 INCOME AND ENDOWMEMrs Donation5 and legacles Donations Legacies 392,745 667.316 696,879 1,306.320 1,060,061 2,003,199 Other trading activities Charity Shop Turnover Commission Income 1,243.546 1,015,322 7,166 1.243,546 1,022,488 Charitable actlvittes Grants 500 oiher Income Gain on sale of tangible f ixed assets 295 Total incoming resources 2,304,402 3,025,687 EXPENDITURE Charitable activities Animal Welfare Employee Costs Depreciation Utilities and Waste Insurance and Business Rates Professional Fees Office Expenditure M3inten3ncÈ Bank Charges 100.290 1,392,897 60,011 60.640 54,134 40,586 57,119 135,112 1,199,365 70,184 103,663 13,992 52,282 82,552 42,782 2,184 4,534 1,770,211 1.702.116 Other Employee Costs Rent, Rates and Insurance Shops Maintenance Warehousing Costs Utilities and Waste Disposal Motor Expenses Carried forward 135 229,944 16,542 168,261 263,992 16,027 212 83,024 27,137 558,653 31,541 17,438 295,600 This page does not form part ofthe statutory financial statements Page 25
PAcr DETAILED STATEMENT OF FINANCIAL AcfiviTIES for the Year Ended 31 March 2024 31,3,24 31.3.23 Other Brought forward Telephone Shop Petty Cash Expenses Card and Banking Charges Loan interest 295,600 3,319 558.653 8.059 11,344 10.853 31,558 10,708 11,015 320,642 620,467 Support costs Other Fund Raising and Promotion 24,830 43,437 Governance costs Auditors, remuneration 7,068 5,252 Totsl resources expended 2,122,751 2,371,272 Net income 181,651 654,415 This page does not form part ofthe statutory financial statements Page 26