Charity Registration Number: 1170490
PENNINE PEN ANIMAL RESCUE A Charitable Incorporated Organisation (CIO)
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS
For The Year Ended 31[st] March 2021
PENNINE PEN ANIMAL RESCUE
Contents
| Page | |
|---|---|
| Members of the Board and professional advisers | 2 |
| Trustees Annual Report | 3-4 |
| Independent Examination | 5 |
| Statement of Financial Activities (incorporating the income | 6 |
| and expenditure account) | |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 to 13 |
- 1 -
PENNINE PEN ANIMAL RESCUE
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS
| Registered Charity Name | Pennine Pen Animal Rescue |
|---|---|
| Charity Number | 1170490 |
| Registered Office | Honeywell Lane |
| Oldham | |
| OL8 2JP | |
| Trustees | Laurence Day |
| Andrea Whitmore | |
| Dena Dessoky | |
| Peter Whalen (removed on 12/10/2021) | |
| Joanne Lake (appointed on 14/10/2021) | |
| Rebecca Braid (appointed on 14/10/2021) | |
| Accountants | Community Accounting Lancashire C.I.C. |
| Foxfields | |
| 9 Norley Close | |
| Chadderton | |
| Oldham | |
| OL1 2RA | |
| Bankers | NatWest Bank |
| 10 Yorkshire Street | |
| Oldham | |
| OL1 1QT | |
| Co-Operative Bank | |
| Business Direct | |
| PO Box 250 | |
| Skelmersdale | |
| WN8 6WT |
- 2 -
PENNINE PEN ANIMAL RESCUE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their annual report and the unaudited financial statements of the charity for the period ended 31 March 2021.
Structure, Governance and Management
Pennine Pen Animal Rescue CIO (registered charity number 1170490) is governed by a constitution and was registered as a CIO (Charitable Incorporated Organisation) on 30 November 2016. The principal address for the Charity is – Honeywell Lane, Oldham, OL8 2JP.
The Charity operates an animal rescue centre at Honeywell Lane, Oldham; and also operates a number of charity shops in the Oldham area. To facilitate this operation there is both paid staff and volunteers.
Trustees in this period were:
-
Andrea Whitmore
-
Dena Dessoky
-
Laurence Day
-
Peter Whalen
The Trustees meet on a regular basis to discuss all aspects of the charity to include financial planning and control; staffing levels; veterinary issues; rehoming policies; maintenance and repairs; and also any health and safety matters. The Trustees will seek expert financial; legal; compliance; and employment advice when necessary.
Trustees Selection
Trustees are recruited on the basis of their individual skills and expertise appertaining to the needs and requirements of the Charity. The trustees are elected by members at the Annual General Meeting
All new Trustees are provided with a copy of the Constitution, and past accounts are available. The induction of new Trustees is undertaken by the Chairman and at least one other experienced Trustee, and all new Trustees are provided with all information available from the Charity Commission.
Remuneration and Expenses
All Trustees give their time on a voluntary basis and receive no benefit of any sort from the Charity.
Funds held as custodian trustee on behalf of others
Pennine Pen Animal Rescue CIO has not acted as a custodian trustee during this accounting period.
Objectives and Activities
The Charitable Objectives of Pennine Pen Animal Rescue, as set out in the Constitution of the CIO are:
-
Provide sanctuary to unwanted and abandoned animals;
-
Never put a healthy animal to sleep, so long as it can have a good quality of life and euthanasia is only an option after taking specialist veterinary advice;
-
To neuter all animals in our care to prevent unwanted litters;
-
To vaccinate all animals in our care to prevent the spread of disease;
-
To microchip all our animals as a means of permanent identification and to ensure the return of an animal to its owner;
-
To give all the animals in our care the love and attention they deserve;
-
To inspect all prospective new homes to ensure suitability for animal and owner;
-
To help and support people on low incomes to neuter their pets and provide food for their animals for a limited period and where funds permit;
-
To educate and advise the public in caring for their pets correctly.
-
3 -
PENNINE PEN ANIMAL RESCUE
TRUSTEES ANNUAL REPORT continued
FOR THE YEAR ENDED 31 MARCH 2021
Public Benefit
The trustees have regard to the guidance issued by the Charity Commission on public benefit, and discuss this at our Trustees meetings where we plan and make decisions for the carrying out of our activities to which the guidance is relevant.
Financial Review
The financial year April 1[st] 2020 to March 31[st] 2021 was severely affected by the effects of Coronavirus/Covid19. This substantially reduced the amount of fundraising activity that is usually undertaken, and forced the closure of the Charity shops on a number of occasions.
The subsequent shortfall in income was offset by various grants and financial assistance packages so that the Charity finances were not negatively impacted.
Reserves Policy
Our policy is to hold a minimum of 3 months running costs in our free reserves (unrestricted funds).
Achievements and Performance
The treatment and rehoming of animals was as expected during this period, bearing in mind that it is only possible to have a limited number of animals in our careat any one time.
The Charity shops performed well in the periods they were allowed to be open to the public, and in September 2020 we were able to open an additional shop on Market Street, Shaw.
From April 2021 the Charity shops have performed strongly, but the opportunities for fundraising events have been extremely limited.
The Trustees Annual Report was approved by the Board of Trustees on the 25[th] of January 2022 and signed by:
Laurence Day Trustee
- 4 -
PENNINE PEN ANIMAL RESCUE
REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF PENNINE PEN ANIMAL RESCUE
FOR THE YEAR ENDED 31 MARCH 2021
I report on the accounts for the year ended 31 March 2021 set out on pages 6 to 13.
Respective Responsibilities of Trustees and Examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity’s trustees consider an audit is not required for this year under section 144 of the 2011 Act, and that an independent examination is needed.
It is my responsibility as independent examiner to:
-
~ examine the accounts under section 145 of the 2011 Act
-
~ follow the applicable Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and;
-
~ to state whether particular matters have come to my attention
Basis of Independent Examiners Report
My examination was carried out in accordance with the Directions given by the Charity commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiners Statement
I have completed my examination for the year ended 31 March 2021.
I can confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
~ accounting records were not kept in accordance with section 130 of the 2011 Act or
-
~ the accounts do not accord with the accounting records to comply with the accounting requirements of the 2011 Act
-
~ 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 (FRS102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Independent Examiners Qualification
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination, being a Fellow Member of the Association of Accounting Technicians, which is one of the listed bodies.
25[th] January 2022
Miss Jacqueline Bird F.M.A.A.T.
Practicing Licence Number: 1003659
Community Accounting Lancashire C.I.C. Foxfields, 9 Norley Close, Chadderton, Oldham, OL1 2RA
- 5 -
PENNINE PEN ANIMAL RESCUE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Funds Restricted Funds 2021 2021 Notes £ £ Income from: Grants and donations 2 105,985 - Charitable activities 3 13,078 - Other Trading Activities 4 78,573 - Other income 5 97,885 - Total 295,521 - Expenditure on: Raising funds - - Charitable activities 6 211,434 - Other expenditure 8 8,982 - Total 220,416 - Net income/(expenditure) 75,105 - Transfers between funds - - Net movement in funds 75,105 - Reconciliation of funds: Total funds brought forward 134,002 - Total funds carried forward 14 209,107 - |
Total Funds 2021 £ 105,985 13,078 78,573 97,885 295,521 - 211,434 8,982 220,416 75,105 - 75,105 134,002 209,107 |
Total Funds 2020 £ 58,553 13,028 138,087 39,273 248,941 - 221,666 12,728 234,394 14,547 - 14,547 119,455 134,002 |
|---|---|---|
The notes on pages 8 to 13 form part of these financial statements.
Note 15 to the accounts shows a comparative Statement of Financial Activities for the year ended 31 March 2020.
- 6 -
PENNINE PEN ANIMAL RESCUE
BALANCE SHEET
AS AT 31 MARCH 2021
| Notes FIXED ASSETS Tangible Fixed Assets 9 CURRENT ASSETS Prepayments & Accrued Income 10 Debtors 11 Cash at Bank and in Hand CREDITORS: Amounts falling due within one year 12 NET CURRENT ASSETS CREDITORS: Amounts falling due after one year 13 NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds TOTAL FUNDS 14 |
2021 £ 3,126 207 129,497 132,830 (10,222) (36,566) |
2020 £ £ 123,065 - - 59,984 59,984 (8,357) 122,608 (41,425) 86,042 209,107 - 209,107 |
£ 123,800 51,627 10,202 134,002 - 134,002 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees on the 25[th] of January 2022 and signed on their behalf:
Laurence Day
Trustee
- 7 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of accounting
Historically the charity has prepared their accounts on a ‘Receipts and Payments’ basis. As the income of the charity now exceeds £250,000 in this financial year, the financial statements have been prepared in accordance with 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 (FRS102) issued on 16 July 2014 [as updated through Update Bulletin 1 published on 2 February 2016 and also Update Bulletin 2 published on 5 October 2018) – (Charities SORP (FRS 102)], the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Going Concern
The trustees are satisfied that there are no material uncertainties about the charity’s ability to continue.
Incoming resources
All income, including grants and donations, is recognised once the charity has entitlement to the income, that it is probable that the income will be received, and the amount of income receivable can be measured reliably.
Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria’s is identified to the fund, together with a fair allocation of overheads and support costs.
Unrestricted funds are for grants, donations and other incoming resources received or generated for charitable purposes.
Resources expended
All expenditure is accounted for on an accruals basis. All expenses, including support costs and governance costs, are allocated or apportioned to applicable expenditure headings.
Charitable expenditure shall include all expenditure directly related to the objects of the charity, including the cost of goods and services, that have been incurred in charitable activities.
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 settlement will be required, and the amount for the obligation can be measured reliably.
Governance costs
Governance costs shall include all expenditure directly related to the administration of the charity including expenditure incurred in the management of the charity's assets, organisational administration and compliance with charitable and statutory requirements.
Fixed assets
Fixed assets are capitalised if they can be used for more than one year, and cost at least £1,000. They are initially recorded at cost and depreciated on a straight line reducing balance basis.in order to write the asset off over its estimated useful life.
Taxation
Value added tax for the period is recognised at the amount payable and receivable in the statement of financial activities, except for any amounts due to the charity as enacted by the balance sheet date.
- 8 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
| FOR THE YEAR ENDED 31 MARCH 2021 | ||
|---|---|---|
| 2. INCOME FROM GRANTS & DONATIONS Unrestricted Funds Restricted Funds £ £ Support Adoption for Pets 15,237 - Oldham Lord Mayors Appeal Fund 2,000 - First Choice Homes Grant 2,000 - Legacies 28,122 - Donations 58,626 - 105,985 - 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds £ £ Rehoming Fees 12,908 - Cattery Sponsor 170 - 13,078 - 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds £ £ Shop Sales 63,312 - Merchandise Sold 900 - Recycling Rags 4,113 - Fundraising 9,520 - Collection Boxes 570 - Memberships 158 - 78,573 - 5. OTHER INCOME Unrestricted Funds Restricted Funds £ £ Government Grant (HMRC Job Retention Scheme) 20,415 - OMBC Local Restrictions Support Grant 59,008 - Output VAT 2,965 - Sundry Income 15,497 - 97,885 - |
2021 Total Funds £ 15,237 2,000 2,000 28,122 58,626 105,985 2021 Total Funds £ 12,908 170 13,078 2021 Total Funds £ 63,312 900 4,113 9,520 570 158 78,573 2021 Total Funds £ 20,415 59,008 2,965 15,497 97,885 |
2020 Total Funds £ - - - 27,016 31,537 58,553 2020 Total Funds £ 12,688 340 13,028 2020 Total Funds £ 107,684 793 4,808 22,535 1,971 296 138,087 2020 Total Funds £ - - 2,671 36,602 39,273 |
During the period the charity benefitted from £79,423 of Government Grants in the form of £20,415 from the Coronavirus HMRC Job Retention Scheme and £59,008 received from Oldham MBC for the Local Restrictions Support Grant. In accordance with the accounting policy, this credit is included in ‘Other Income’ within the ‘Statement of Financial Activities (Income and Expenditure Account)’ over the same period as the staff costs for which it compensates and for which the coronavirus restrictions impacted.
- 9 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
6. EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted Direct & Governance Costs Restricted Direct & Governance Costs Unrestricted Support Costs Restricted Support Costs £ £ £ £ Salaries Costs 125,155 - - - Veterinary Fees 33,956 - - - Rent, Rates & Utilities - - 18,566 - Insurances - - 2,752 - Maintenance & Repairs - - 6,208 - Stationery, Postage, Telephones & Advertising - - 2,215 - Merchandise - - 280 - Vehicle Costs - - 2,866 - Mortgage Costs 4,859 - - - Accounts & Payroll Costs 2,510 - - - Bank & Card Costs 930 - - - Depreciation - - 2,000 - Sundry Costs - - 9,137 - 167,410 - 44,024 - Total resources expended are stated after charging: Independent examination fees Additional accountancy costs Donation made by Community Accounting Lancashire C.I.C. Net Accountancy Costs |
2021 Total Funds £ 125,155 33,956 18,566 2,752 6,208 2,215 280 2,866 4,859 2,510 930 2,000 9,137 211,434 2021 £ 1,295 - 1,295 - 1,295 |
2020 Total Funds £ 102,408 42,402 20,143 4,867 21,602 2,645 420 3,374 7,083 1,291 515 900 14,016 221,666 2020 £ 925 - 925 (400) 525 |
|---|---|---|
7. STAFF COSTS
| The movement in the year is after charging: Salary Costs |
2021 £ 125,155 |
2020 £ 102,408 |
|---|---|---|
Average number of employees during the year was 11, an average of 9 full time equivalent (2020: 11, FTE: 9). No employee received emoluments of £60,000 or above (2020: none).
No Trustees were paid any remuneration or expenses during the course of the year (2020: none).
- 10 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
8. OTHER EXPENDITURE
| Unrestricted Funds Restricted Funds £ £ Input VAT 8,982 - 8,982 - |
2021 Total Funds £ 8,982 8,982 |
2020 Total Funds £ 12,728 12,728 |
|---|---|---|
9. TANGIBLE FIXED ASSETS
| Property Vehicles Shop & Office Cost or Valuation £ £ £ Cost at 01/04/20 115,000 12,100 - Additions - - 1,265 Revaluations - - - Disposals - - - Cost at 31/03/21 115,000 12,100 1,265 Accumulated Depreciation Accumulated Depreciation at 01/04/20 - 3,300 - Depreciation charge for the year - 2,000 - Revaluations - - - Disposals - - - Accumulated Depreciation at 31/03/21 - 5,300 - Net Book Value Net Book Value at 31/03/20 115,000 8,800 - Net Book Value at 31/03/21 115,000 6,800 1,265 |
Total £ 127,100 1,265 - - 128,365 3,300 2,000 - - 5,300 123,800 123,065 |
|---|---|
10. PREPAYMENTS & ACCRUED INCOME
| Prepayments Accrued Income EBTORS Trade Debtors Output VAT |
2021 £ 2,726 400 3,126 2021 £ - 207 207 |
2020 £ - - |
|---|---|---|
| - | ||
| 2020 £ - - |
||
| - |
11. DEBTORS
- 11 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
12. CREDITORS: Amounts falling due within one year
| Trade Creditors Input VAT Accruals REDITORS: Amounts falling due after one year Mortgage |
2021 £ - 147 10,075 10,222 2021 £ 36,566 36,566 |
2020 £ - 627 7,730 8,357 2020 £ 41,425 41,425 |
|---|---|---|
13. CREDITORS: Amounts falling due after one year
The charity has a mortgage secured against the rescue centre, Honeywell Lane building. This is secured against the value of the building which is currently valued at cost of £115,000.
14. FUNDS ANALYSIS
| Fund Name Balance as at 1 April 2020 (as re-stated) £ Unrestricted Funds 134,002 Restricted Funds - TOTAL FUNDS 134,002* |
Receipts Payments Balance as at 31 March 2021 £ £ £ 295,521 (220,416) 209,107 - - - 295,521 (220,416) 209,107 |
|---|---|
Historically the charity has prepared accounts on a ‘Receipts and Payments’ basis, however as the annual income exceeded £250,00 in this financial period, for the year ended 31[st] March 2021, the financial statements (accounts) have this year been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities. As such accrual accounts have been prepared in accordance with the appropriate accounting standards.
-
The closing balance in the year ended 31[st] March 2020 accounts showed as £59,984, being the amount held
-
in ‘Cash Funds’ as reported under ‘Receipts and Payments’ accounts.
The total reserves for the charity at this date, when including the charities assets and liabilities (as shown in the “Statement of Assets and Liabilities” in these accounts) was £134,002.
The opening balance as at the 1[st] of April 2020 has been shown as the full reserves figure of £134,002 (as detailed also in the Balance Sheet on page 6 of these accounts for the year ended 31[st] March 2021).
- 12 -
PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
15. COMPARATIVE INFORMATION
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2020 | 2020 | 2020 | ||
| (previous year) | (previous year) | (previous year) | ||
| Notes | £ | £ | £ | |
| Income from: | ||||
| Grants and donations | 2 | 58,553 | - | 58,553 |
| Charitable activities | 3 | 13,028 | - | 13,028 |
| Other Trading Activities | 4 | 138,087 | - | 138,087 |
| Other income | 5 | 39,273 | - | 39,273 |
| Total | 248,941 | - | 248,941 | |
| Expenditure on: | ||||
| Raising funds | - | - | - | |
| Charitable activities | 6 | 221,666 | - | 221,666 |
| Other expenditure | 8 | 12,728 | - | 12,728 |
| Total | 234,394 | - | 234,394 | |
| Net income/(expenditure) | 14,547 | - | 14,547 | |
| Transfers between funds | - | - | - | |
| Net movement in funds | 14,547 | - | 14,547 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 119,455 | - | 119,455 | |
| Total funds carried forward | 14 | 134,002 | - | 134,002 |
- 13 -