REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
PET RESPECT LTD |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
PET RESPECT LTD |
PET RESPECT LTD |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 13 |
PET RESPECT LTD (REGISTERED NUMBER: 07013695) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To advance the education of the public in animal welfare and animal behaviour, and the principles of good care and management of pets. |
To promote humane behaviour towards animals by providing appropriate care and attention by reason of fitness, maltreatment, poor circumstances or ill usage. |
To advance in life and help young people by providing support and activity which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. |
The charity has been mindful of the public benefit requirements as laid out in the Charity Commission guidelines when setting their objectives and the details of their activities as laid out in the Achievements and Performance section of this report hopefully show these objectives are being met., |
ACHIEVEMENT AND PERFORMANCE |
Pet Respect has been very busy this year in schools, Pupil Referral Units, University, Care Homes and even a visit to Hull Royal Infirmary. |
Our reputation has spread and we are fully booked throughout the week, we sometimes visit 2 schools at the same time as we now have more reliable volunteers with their dogs. |
We are also in the process of assessing a few more dogs so that they can join our team as we get many requests to visit Care Homes. Our priority has always been schools as our main aim is to encourage children to be kind to animals and also how to be safe around dogs- The amount of dog attacks is increasing lately and this is always down to the fact that people do not train their dogs and when they get out of control, they are a danger to the public. We teach children how to behave around dogs and how to treat them positively and kindly. |
All the schools pay for the Animal Assisted Therapy (AAT) but we still offer some free taster sessions. We also visit the Care Homes for free or accept a small donation, our dogs give so much pleasure to the elderly residents and |
have an amazing effect on those with dementia. |
We haven't attended many fundraising events due to ill health, but we are hoping to attend more next year |
. |
We still have a few customers who order printed items but our main customer 'Hull People's Memorial' had to close down due to increasing overheads. |
They donated a lovely amount of over £18k to Pet Respect which came as a lovely shock!! They thanked us for helping them over the years and providing them with orders at last minute (and hand delivering them!). |
We will keep the money in reserve to go towards a new van in the future. |
Next year looks to be busy as we have taken on a few more volunteers so we will be able to deliver to more schools and Care Homes. |
We are proud of what we have achieved the years, gradually building a good reputation and we will continue to do so. |
PET RESPECT LTD (REGISTERED NUMBER: 07013695) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FINANCIAL REVIEW |
Reserves policy |
It is the policy of the charity to maintain liquid unrestricted funds, which are the free reserves of the organisation, at a level sufficient to cover the costs for a period of no more than 12 months. |
Details of movement in reserves for the year can be found on pages 5 - 14 of the financial statements. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
The trustees of the charity form an executive committee who represent the organisation. The trustees meet on a regular basis and are supported in their governance of the charity's affairs by the employees. |
Appointment of trustees is governed by the constitution of the charity and the board of trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. |
Induction and training of new trustees |
New trustees are inducted by being invited to attend committee meetings in order that they may judge the level of commitment and responsibilities that are involved with being a trustee. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
Independent Examiner |
T M Rackham |
Rackham's |
Chartered Certified Accountants |
3 Melton Park |
Redcliff Road |
Melton |
East Yorkshire |
HU14 3RS |
PET RESPECT LTD (REGISTERED NUMBER: 07013695) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
PET RESPECT LTD |
Independent examiner's report to the trustees of Pet Respect Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | 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 (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
T M Rackham |
Rackham's |
Chartered Certified Accountants |
3 Melton Park |
Redcliff Road |
Melton |
East Yorkshire |
HU14 3RS |
9 February 2024 |
PET RESPECT LTD |
STATEMENT OF FINANCIAL ACTIVITIES |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Other trading activities | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 25,690 |
PET RESPECT LTD (REGISTERED NUMBER: 07013695) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Stocks | 9 |
Debtors | 10 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 25,239 |
Restricted funds | 451 |
TOTAL FUNDS | 25,690 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
PET RESPECT LTD (REGISTERED NUMBER: 07013695) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | 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 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Fundraising events |
Shop income |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 September 2023 nor for the year ended 30 September 2022. |
6. | STAFF COSTS |
There were no remunerated staff during the year. |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | ( |
) |
Other trading activities |
Total | ( |
) |
EXPENDITURE ON |
Raising funds |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
Charitable activities |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 19,150 | 602 |
TOTAL FUNDS CARRIED FORWARD | 25,239 | 451 | 25,690 |
8. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2022 and 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Items costing less than £250 individually are not usually capitalised. An annual impairment review is carried out to ensure that all fixed assets still have useful life. |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
9. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Prepayments |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Accrued expenses |
12. | MOVEMENT IN FUNDS |
Net |
At | movement | At |
1.10.22 | in funds | 30.9.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 24,734 | 25,756 | 50,490 |
Equipment | 505 | (78 | ) | 427 |
25,678 |
Restricted funds |
Equipment | 451 | (112 | ) | 339 |
TOTAL FUNDS | 25,566 | 51,256 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 53,015 | (27,259 | ) | 25,756 |
Equipment | - | (78 | ) | (78 | ) |
( |
) | 25,678 |
Restricted funds |
Equipment | 1 | (113 | ) | (112 | ) |
TOTAL FUNDS | ( |
) | 25,566 |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
12. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
At | movement | At |
1.10.21 | in funds | 30.9.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 18,553 | 6,181 | 24,734 |
Equipment | 597 | (92 | ) | 505 |
19,150 | 6,089 | 25,239 |
Restricted funds |
Equipment | 602 | (151 | ) | 451 |
TOTAL FUNDS | 19,752 | 5,938 | 25,690 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 26,484 | (20,303 | ) | 6,181 |
Equipment | - | (92 | ) | (92 | ) |
26,484 | (20,395 | ) | 6,089 |
Restricted funds |
Equipment | (1 | ) | (150 | ) | (151 | ) |
TOTAL FUNDS | 26,483 | (20,545 | ) | 5,938 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
At | movement | At |
1.10.21 | in funds | 30.9.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 18,553 | 31,937 | 50,490 |
Equipment | 597 | (170 | ) | 427 |
19,150 | 31,767 | 50,917 |
Restricted funds |
Equipment | 602 | (263 | ) | 339 |
TOTAL FUNDS | 19,752 | 31,504 | 51,256 |
PET RESPECT LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
12. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 79,499 | (47,562 | ) | 31,937 |
Equipment | - | (170 | ) | (170 | ) |
79,499 | (47,732 | ) | 31,767 |
Restricted funds |
Equipment | - | (263 | ) | (263 | ) |
TOTAL FUNDS | 79,499 | (47,995 | ) | 31,504 |
13. | RELATED PARTY DISCLOSURES |
The following related party transactions occurred during the year ended 30 September 2023. |
Payments were made to trustees, and their close relatives, for services provided by them. |
Related Party | Relationship | Service Provided | Amount |
£ |
Kim Hepple | Trustee | Session tutor | 4,080 |
Pete Hepple | Close relative of trustee | Printing services | 380 |
Marina Hartley | Trustee | Session tutor/ website updates | 1,180 |