**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 2024**
## **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|
- 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|
||Dena Dessoky|
||Joanne Loake (nee Hopkinson)|
||Sarah Victoria Mitchell (appointed 02/02/2024)|
||Andrea Whitmore (resigned 16/01/2024)|
|**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 2024**
The trustees present their annual report and the unaudited financial statements of the charity for the period ended 31st March 2024.
## **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:
- Dena Dessoky
- Laurence Day
- Joanne Loake (nee Hopkinson)
- Sarah Victoria Mitchell (appointed 02/02/2024)
- Andrea Whitmore (resigned 16/01/2024)
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 2024**
## **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 2023 to March 31st 2024 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. The Trustees have suitable planning 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 higher than expected during this period, and the Charity shops performance has been steady. The opportunities for fundraising at the three Fairs is very promising, and we now have a separate Fundraising Committee who are actively seeking out new fundraising opportunities and ideas.
The Trustees Annual Report was approved by the Board of Trustees on the 27[th] of January 2025 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 2024**
I report on the accounts for the year ended 31 March 2024 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 2024.
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.
27[th] January 2025
## **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 2024**
|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2024**
**2024**
**_Notes_**
**£**
**£**
**Income from:**
Grants and donations
**_2_**
38,386
-
Charitable activities
**_3_**
31,216
-
Other trading activities
**_4_**
194,883
-
Other income
**_5_**
18,210
Investments/interest received
9
-
**Total**
282,704
-
**Expenditure on:**
Raising funds
-
-
Charitable activities
**_6_**
297,166
-
Other expenditure
**_8_**
13,382
-
**Total**
310,548
-
**Net income/(expenditure)**
(27,844)
-
**Transfers between funds**
-
-
**Net movement in funds**
(27,844)
-
**Reconciliation of funds:**
Total funds brought forward
**232,429**
**-**
**Total funds carried forward**
**_14_**
**204,585**
**-**|**Total**
**Funds**
**2024**
**£**
38,386
31,216
194,883
18,210
9
282,704
-
297,166
13,382
310,548
(27,844)
-
(27,844)
**232,429**
**204,585**|**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**|
|---|---|---|
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 2023.
- 6 -
## **PENNINE PEN ANIMAL RESCUE**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2024**
|||**2024**||**2023**||
|---|---|---|---|---|---|
||**_Notes_**|**£**|**£**|**£**|**£**|
|**FIXED ASSETS**||||||
|Tangible Fixed Assets|**_9_**||**118,862**||122,326|
|**CURRENT ASSETS**||||||
|Prepayments & Accrued Income|**_10_**|**3,034**||2,803||
|Debtors|**_11_**|**350**||407||
|Cash at Bank and in Hand||**100,627**||140,264||
|||**104,011**||143,474||
|**CREDITORS: Amounts falling due**|**_12_**|**(18,288)**||(6,440)||
|**within one year**||||||
|**NET CURRENT ASSETS**|||**85,723**||137,034|
|**CREDITORS: Amounts falling due**|**_13_**|**-**||(26,931)||
|**after one year**||||||
|**NET CURRENT**||||||
|**ASSETS/(LIABILITIES)**|||**85,723**||110,103|
|**TOTAL ASSETS**|||**204,585**||232,429|
|**FUNDS OF THE CHARITY**||||||
|Unrestricted Funds|||**204,585**||**232,429**|
|Restricted Funds|||**-**||**-**|
|**TOTAL FUNDS**|**_14_**||**204,585**||**232,429**|
The financial statements were approved by the Board of Trustees on the 27[th] of January 2025 and signed on their behalf:
Laurence Day **Trustee**
- 7 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **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) [effective January 2022]. 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.
- 8 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**2. INCOME FROM GRANTS & DONATIONS**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Jean Sainsbury Animal Welfare Trust
-
-
Legacies
-
-
Donations
38,386
-
**38,386**
**-**
**3. INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Rehoming Fees
31,206
-
Cattery Sponsor
10
-
**31,216**
**-**
**4. OTHER TRADING ACTIVITIES**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Shop Sales
164,941
-
Online Sales
2,036
-
Merchandise Sold
186
-
Recycling Rags
7,646
-
Fundraising
18,916
-
Collection Boxes
1,128
-
Memberships
30
-
**194,883**
**-**
**5. OTHER INCOME**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Refunds
204
-
HMRC Gift Aid
-
-
Output VAT
5,920
-
Sundry Income*
12,086
-
**18,210**
**-**|**2024**
**Total**
**Funds**
**£**
**-**
**-**
**38,386**
**38,386**
**2024**
**Total**
**Funds**
**£**
**31,206**
**10**
**31,216**
**2024**
**Total**
**Funds**
**£**
**161,941**
**2,036**
**186**
**7,646**
**18,916**
**1,128**
**30**
**194,883**
**2024**
**Total**
**Funds**
**£**
**204**
**-**
**5,920**
**12,086**
**18,210**|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
2023
Total
Funds
**£**
1,095
6,456
3,134
11,003
21,688|
|---|---|---|
||||
*Includes £7,212 of HMRC VAT Refunds (2023: £8,743), and £1,000 from the Mayors Appeal Award.
- 9 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **6. EXPENDITURE ON CHARITABLE ACTIVITIES**
|**Unrestricted**
**Direct &**
**Governance**
**Costs**
**Restricted**
**Direct &**
**Governance**
**Costs**
**Unrestricted**
**Support**
**Costs**
**Restricted**
**Support**
**Costs**
**£**
**£**
**£**
**£**
Salaries Costs
**173,696**
**-**
**-**
**-**
Veterinary Fees
**44,404**
**-**
**-**
**-**
Rent, Rates & Utilities
**-**
**-**
**42,433**
**-**
Insurances
**-**
**-**
**6,544**
**-**
Maintenance & Repairs
**-**
**-**
**5,969**
**-**
Stationery, Postage,
Telephones & Advertising
**-**
**-**
**3,198**
**-**
Merchandise
**-**
**-**
**-**
**-**
Vehicle Costs
**-**
**-**
**3,234**
**-**
Mortgage Costs
**1,001**
**-**
**-**
**-**
Accounts & Payroll Costs
**2,117**
**-**
**-**
**-**
Bank & Card Costs
**4,549**
**-**
**-**
**-**
Depreciation
**-**
**-**
**3,464**
**-**
Sundry Costs
**-**
**-**
**6,557**
**-**
**225,767**
**-**
**71,399**
**-**
**Total resources expended are stated after charging:**
Independent examination fees|**2024**
**Total**
**Funds**
**£**
**173,696**
**44,404**
**42,433**
**6,544**
**5,969**
**3,198**
**-**
**3,234**
**1,001**
**2,117**
**4,549**
**3,464**
**6,557**
**297,166**
**2024**
**£**
**1,400**|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
2023
£
1,400|
|---|---|---|
Independent examination fees
## **7. STAFF COSTS**
The movement in the year is after charging:
Salary Costs
|**2024**
**£**
**173,696**|2023
£
167,040|
|---|---|
Average number of employees during the year was 14, an average of 12 full time equivalent (2023: 14, FTE: 12). No employee received emoluments of £60,000 or above (2023: none).
No Trustees were paid any remuneration or expenses during the course of the year (2023: none).
- 10 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **8. OTHER EXPENDITURE**
|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**£**
**£**
Input VAT
13,382
-
**13,382**
**-**|**2024**
**Total**
**Funds**
**£**
13,382
**13,382**|2023
Total
Funds
**£**
10,566
10,566|
|---|---|---|
## **9. TANGIBLE FIXED ASSETS**
|**Property**
**Vehicles**
**Equipment**
**& Fittings**
**Cost or Valuation**
**£**
**£**
**£**
Cost at 01/04/23
115,000
12,100
5,830
Additions
-
-
-
Revaluations
-
-
-
Disposals
-
-
-
**Cost at 31/03/24**
**115,000**
**12,100**
**5,830**
**Accumulated Depreciation**
Accumulated Depreciation at 01/04/23
-
9,300
1,304
Depreciation charge for the year
-
1,900
1,564
Revaluations
-
-
-
Disposals
-
-
-
**Accumulated Depreciation at 31/03/24**
**-**
**11,200**
**2,868**
**Net Book Value**
Net Book Value at 31/03/23
115,000
2,800
4,526
**Net Book Value at 31/03/24**
**115,000**
**900**
**2,962**|**Total**
**£**
132,930
-
**-**
**-**
**132,930**
10,604
3,464
**-**
**-**
**14,068**
122,326
**118,862**|
|---|---|
## **10. PREPAYMENTS & ACCRUED INCOME**
|Prepayments
Accrued Income|**2023**
**£**
**3,034**
**-**
**3,034**|2023
£
2,803
-|
|---|---|---|
|||2,803|
## **11. DEBTORS**
|Debtors
Output VAT|**2023**
**£**
**-**
**350**
**350**|2023
£
-
407|
|---|---|---|
|||407|
- 11 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **12. CREDITORS: Amounts falling due within one year**
|Creditors
Input VAT
Accruals|**2023**
**£**
**-**
**886**
**17,402**
**18,288**|2023
£
-
860
5,580
6,440|
|---|---|---|
## **13. CREDITORS: Amounts falling due after one year**
|Mortgage|**2023**
**£**
**-**
**-**|2023
£
26,931
26,931|
|---|---|---|
The charity had a mortgage secured against the rescue centre, Honeywell Lane building. This was secured against the value of the building (currently valued at cost of £115,000).
In May 2023 the charity paid off the mortgage in full, showing as a nil balance in the year ended 31[st] March 2024 financial statements ‘Balance Sheet’ creditors, where the mortgage costs (including interest paid) up until the date of discharge were shown in the ‘Statement of Financial Activities’ for the year ended 31[st] March 2024.
## **14. FUNDS ANALYSIS**
|**Fund Name**
**Balance as at**
**1 April 2023**
**£**
**Unrestricted Funds**
**232,429**
**Restricted Funds**
**-**
**TOTAL FUNDS**
**232,429**|**Receipts**
**Payments**
**Balance as at**
**31 March 2024**
**£**
**£**
**£**
**282,704**
**(310,548)**
**204,585**
**-**
**-**
**-**
**282,704**
**(310,548)**
**204,585**|
|---|---|
- 12 -
## **PENNINE PEN ANIMAL RESCUE**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **15. COMPARATIVE INFORMATION**
|||**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|
|||**2023**|**2023**|**2023**|
|||**(previous year)**|**(previous year)**|**(previous year)**|
||**_Notes_**|**£**|**£**|**£**|
|**Income from:**|||||
|Grants and donations|**_2_**|80,378|-|80,378|
|Charitable activities|**_3_**|13,988|-|13,988|
|Other Trading Activities|**_4_**|195,281|-|195,281|
|Other income|**_5_**|21,688|-|21,688|
|**Total**||311,335|-|311,335|
|**Expenditure on:**|||||
|Raising funds||-|-|-|
|Charitable activities|**_6_**|282,053|-|282,053|
|Other expenditure|**_8_**|10,566|-|10,566|
|**Total**||292,619|-|292,619|
|**Net income/(expenditure)**||18,716|-|18,716|
|**Transfers between funds**||-|-|-|
|**Net movement in funds**||18,716|-|18,716|
|**Reconciliation of funds:**|||||
|Total funds brought forward||**213,713**|**-**|**213,713**|
|**Total funds carried forward**|**_14_**|**232,429**|**-**|**232,429**|
- 13 -