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 2023
PENNINE PEN ANIMAL RESCUE
Contents
| Page | |
|---|---|
| Members of the Board and professional advisers | 2 |
| Trustees Annual Report | 3 to 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 |
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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 | |
| Joanne Loake | |
| Rebecca Braid (resigned 13/03/2023) | |
| 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 |
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PENNINE PEN ANIMAL RESCUE
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their annual report and the unaudited financial statements of the charity for the period ended 31 March 2023.
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:
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Andrea Whitmore
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Dena Dessoky
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Laurence Day
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Joanne Loake
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Rebecca Braid (resigned 13/03/2023)
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:
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Provide sanctuary to unwanted and abandoned animals;
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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;
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To neuter all animals in our care to prevent unwanted litters;
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To vaccinate all animals in our care to prevent the spread of disease;
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To microchip all our animals as a means of permanent identification and to ensure the return of an animal to its owner;
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To give all the animals in our care the love and attention they deserve;
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To inspect all prospective new homes to ensure suitability for animal and owner;
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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;
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To educate and advise the public in caring for their pets correctly.
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PENNINE PEN ANIMAL RESCUE
TRUSTEES ANNUAL REPORT continued
FOR THE YEAR ENDED 31 MARCH 2023
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 1st 2022 to March 31st 2023 was as expected in relation to fundraising, rehoming of animals, and the Charity shops.
While income streams are either steady or increasing, the continuous increase in costs across the board is relentless, and the Trustees are currently planning suitable and appropriate strategies to deal with this.
Reserves Policy
Our policy is to hold a minimum of 3 months running costs in our free reserves (unrestricted funds).
Achievements and Performance
The rehoming of animals was as expected during this period, and the Charity shops have performed well. The opportunities for fundraising at the three Fairs is very promising, with higher than expected income so far.
The Trustees Annual Report was approved by the Board of Trustees on the 29[th] of January 2024 and signed by:
Laurence Day Trustee
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PENNINE PEN ANIMAL RESCUE
REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF PENNINE PEN ANIMAL RESCUE
FOR THE YEAR ENDED 31 MARCH 2023
I report on the accounts for the year ended 31 March 2023 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:
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~ examine the accounts under section 145 of the 2011 Act
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~ follow the applicable Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and;
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~ 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 2023.
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:
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~ accounting records were not kept in accordance with section 130 of the 2011 Act or
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~ the accounts do not accord with the accounting records to comply with the accounting requirements of the 2011 Act
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~ the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
30[th] January 2024
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
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PENNINE PEN ANIMAL RESCUE
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted Funds Restricted Funds 2023 2023 Notes £ £ Income from: Grants and donations 2 80,378 - Charitable activities 3 13,988 - Other Trading Activities 4 195,281 - Other income 5 21,688 - Total 311,335 - Expenditure on: Raising funds - - Charitable activities 6 282,053 - Other expenditure 8 10,566 - Total 292,619 - Net income/(expenditure) 18,716 - Transfers between funds - - Net movement in funds 18,716 - Reconciliation of funds: Total funds brought forward 213,713 - Total funds carried forward 14 232,429 - |
Total Funds 2023 £ 80,378 13,988 195,281 21,688 311,335 - 282,053 10,566 292,619 18,716 - 18,716 213,713 232,429 |
Total Funds 2022 £ 54,799 9,884 176,200 31,780 272,663 - 256,469 11,588 268,057 4,606 - 4,606 209,107 213,713 |
|---|---|---|
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 2022.
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PENNINE PEN ANIMAL RESCUE
BALANCE SHEET
| AS AT 31 MARCH 2023 | AS AT 31 MARCH 2023 | ||
|---|---|---|---|
| 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 CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds TOTAL FUNDS 14 |
2023 £ 2,803 407 140,264 143,474 (6,440) (26,931) |
2022 £ £ 122,326 2,937 65 125,546 128,548 (7,045) 137,034 (31,628) 110,103 232,429 232,429 - 232,429 |
£ 123,838 121,503 89,875 213,713 213,713 - 213,713 |
The financial statements were approved by the Board of Trustees on the 29[th] of January 2024 and signed on their behalf:
Laurence Day Trustee
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) [second edition – October 2019]’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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.
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
| 2. INCOME FROM GRANTS & DONATIONS Unrestricted Funds Restricted Funds £ £ Jean Sainsbury Animal Welfare Trust 5,000 - Support Adoption for Pets - - Legacies 24,423 - Donations 50,955 - 80,378 - 3. INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds £ £ Rehoming Fees 13,988 - Cattery Sponsor - - 13,988 - 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds £ £ Shop Sales 161,440 - Online Sales 9,157 - Merchandise Sold 374 - Recycling Rags 7,003 - Fundraising 15,180 - Collection Boxes 1,995 - Memberships 132 - 195,281 - |
2023 Total Funds £ 5,000 - 24,423 50,955 80,378 2023 Total Funds £ 13,988 - 13,988 2023 Total Funds £ 161,440 9,157 374 7,003 15,180 1,995 132 195,281 |
|
|---|---|---|
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
5. OTHER INCOME
| Unrestricted Funds Restricted Funds £ £ Refunds 1,095 - HMRC Gift Aid 6,456 - Output VAT 3,134 - Government Grant (HMRC Job Retention Scheme) - - OMBC Local Restrictions Support Grant - - Sundry Income 11,003 - 21,688 -** |
2023 Total Funds £ 1,095 6,456 3,134 - - 11,003 21,688 |
2022 Total Funds £ - - 1,818 7,221 8,001 14,740 31,780 |
|---|---|---|
- No Government Grants were received during this financial period. During the previous year the charity benefitted from £15,222 of Government Grants, being £7,221 from the HMRC Job Retention Scheme and £8,001 from Oldham MBC for the Local Restrictions Support Grant. In accordance with the accounting policy, these credits were included in ‘Other Income’ within the ‘Statement of Financial Activities (Income and Expenditure Account)’ over the same period as the staff costs for which they compensated and for when the coronavirus restrictions impacted.
**Sundry Income includes £8,743 of HMRC VAT Refunds (2022: £7,365).
6. EXPENDITURE ON CHARITABLE ACTIVITIES
| Unrestricted Direct & Governance Costs Restricted Direct & Governance Costs Unrestricted Support Costs Restricted Support Costs £ £ £ £ Salaries Costs 167,040 - - - Veterinary Fees 36,598 - - - Rent, Rates & Utilities - - 31,300 - Insurances - - 6,317 - Maintenance & Repairs - - 13,303 - Stationery, Postage, Telephones & Advertising - - 1,819 - Merchandise - - - - Vehicle Costs - - 3,506 - Mortgage Costs 2,275 - - - Accounts & Payroll Costs 2,565 - - - Bank & Card Costs 3,513 - - - Depreciation - - 3,051 - Sundry Costs - - 10,766 - 211,991 - 70,062 - |
2023 Total Funds £ 167,040 36,598 31,300 6,317 13,303 1,819 - 3,506 2,275 2,565 3,513 3,051 10,766 282,053 |
2022 Total Funds £ 156,938 28,413 30,455 5,938 11,927 1,263 - 4,261 1,956 1,522 1,374 2,253 10,169 256,469 |
|---|---|---|
Total resources expended are stated after charging:
Independent examination fees
2023 2022 £ 1,400 1,295
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
7. STAFF COSTS
The movement in the year is after charging:
Salary Costs
| 2023 £ 167,040 |
2022 £ 156,938 |
|---|---|
Average number of employees during the year was 14, an average of 12 full time equivalent (2022: 13, FTE: 11). No employee received emoluments of £60,000 or above (2022: none). No Trustees were paid any remuneration or expenses during the course of the year (2022: none).
8. OTHER EXPENDITURE
| Unrestricted Funds Restricted Funds £ £ Input VAT 10,566 - 10,566 - |
2023 Total Funds £ 10,566 10,566 |
2022 Total Funds £ 11,588 11,588 |
|---|---|---|
9. TANGIBLE FIXED ASSETS
| Property Vehicles Equipment & Fittings Cost or Valuation £ £ £ Cost at 01/04/22 115,000 12,100 4,291 Additions - - 1,539 Revaluations - - - Disposals - - - Cost at 31/03/23 115,000 12,100 5,830 Accumulated Depreciation Accumulated Depreciation at 01/04/22 - 7,300 253 Depreciation charge for the year - 2,000 1,051 Revaluations - - - Disposals - - - Accumulated Depreciation at 31/03/23 - 9,300 1,304 Net Book Value Net Book Value at 31/03/22 115,000 4,800 4,038 Net Book Value at 31/03/23 115,000 2,800 4,526 |
Total £ 131,391 1,539 - - 132,930 7,553 3,051 - - 10,604 123,838 122,326 |
|---|---|
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
10. PREPAYMENTS & ACCRUED INCOME
| Prepayments Accrued Income 11. DEBTORS Trade Debtors Output VAT |
2023 £ 2,803 - 2,803 2023 £ - 407 407 |
2022 £ 2,937 - 2,937 2022 £ - 65 65 |
|---|---|---|
12. CREDITORS: Amounts falling due within one year
| Trade Creditors Input VAT Accruals REDITORS: Amounts falling due after one year Mortgage |
2023 £ - 860 5,580 6,440 2023 £ 26,931 26,931 |
2022 £ - 1,087 5,958 7,045 2022 £ 31,628 31,628 |
|---|---|---|
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 2022 £ Unrestricted Funds 213,713 Restricted Funds - TOTAL FUNDS 213,713 |
Receipts Payments Balance as at 31 March 2023 £ £ £ 311,335 (292,619) 232,429 - - - 311,335 (292,619) 232,429 |
|---|---|
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PENNINE PEN ANIMAL RESCUE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
15. COMPARATIVE INFORMATION
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 2022 | 2022 | 2022 | ||
| (previous year) | (previous year) | (previous year) | ||
| Notes | £ | £ | £ | |
| Income from: | ||||
| Grants and donations | 2 | 54,799 | - | 54,799 |
| Charitable activities | 3 | 9,884 | - | 9,884 |
| Other Trading Activities | 4 | 176,200 | - | 176,200 |
| Other income | 5 | 31,780 | - | 31,780 |
| Total | 272,663 | - | 272,663 | |
| Expenditure on: | ||||
| Raising funds | - | - | - | |
| Charitable activities | 6 | 256,469 | - | 256,469 |
| Other expenditure | 8 | 11,588 | - | 11,588 |
| Total | 268,057 | - | 268,057 | |
| Net income/(expenditure) | 4,606 | - | 4,606 | |
| Transfers between funds | - | - | - | |
| Net movement in funds | 4,606 | - | 4,606 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 209,107 | - | 209,107 | |
| Total funds carried forward | 14 | 213,713 | - | 213,713 |
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