2023-08-31-accounts - West Hatch Animal Centre Friends Group (RSPCA)

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REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

WEST HATCH ANIMAL CENTRE FRIENDS GROUP (RSPCA) Charity Registration Number 1062697

Contents	Page
Trustees’ report	1-2
Independent Examiner's report	3
Statement of financial activities	4
Balance sheet	5
Notes to the accounts	6-8
Detailedstatementoffinancialactivities	9-10

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

The trustees present their report with the financial statements of the charity for the year ended 31 August 2023

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REFERENCE AND ADMINISTRATIVE DETAILS
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Charity registration number	1062697
Principal address	West Hatch Animal Centre
	West Hatch
	Taunton
	Somerset
	TA3 5RT
Trustees	R Hill - Chairman
	S Walker - Treasurer
	Mrs J Hill - Secretary
	MrsJ Ibbs
	Mrs M Lidster-Walker
	M J Benwell
	MrsDBenwell

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution, objects and policies The Charitable Trust is constituted by Trust Deed, and its objects are to further the charitable work of the Animal Establishment by making grants or providing such other assistance to the Animal Establishment. Under the charities legislation in England, Wales and Scotland the advancement of animal welfare is recognised as a distinct statutory charitable purpose. However, under the legislation, charities are also required to demonstrate that the work they do benefits the public in some way. Ensuring the welfare of animals and relieving the suffering of animals has benefits for society as a whole which is recognised in the passing of the Animal Welfare Acts.
Recruitment and appointment of new trustees The trustees have served throughout the year, except where otherwise indicated. Appointment of trustees is governed by the constitution of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee. Trustees shall retire from office at the AGM but may be re-elected.
Wider network The charity works closely with the staff of the RSPCA at West Hatch in order to provide for the Animal Establishment.
Risk Management The trustees actively review the major risks which the charity faces on a regular basis and have also examined other operational and business risks faced by the charity. The trustees confirm that they have established systems to mitigate the significant risks. They would view the most likely risks to be for example false applications for animal care but the risks of this are mitigated as much as is practically possible by the charity.

OBJECTIVES AND ACTIVITIES The aim of the charity is to improve the living conditions of domestic animals and wildlife. In carrying out the activities of the charity the Trustees have had regard to the guidance issued by the Charity Commission on public benefit.

ADVISORS TO THE TRUST

Bankers : HSBC Bank Solicitors :- none appointed Investment Advisors : Hawksmoor Investment Managers, Fitzwarren House, Queen Street, Taunton, TA1 3UG

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees consider that the performance of the charity this year has been satisfactory.

There are no significant plans for the future, other than to continue to support the Animal Establishment. The aim of the charity is to support the work of the RSPCA Animal Centre focused on the welfare of the animals and animals adopted from the Centre and anything related thereto.

FINANCIAL REVIEW

Reserves Policy

We hold cash at bank and investments of £1,336,499, all of which is unrestricted funds. The trustees consider that the reserves held are sufficient to continue the support of the Animal Establishment in future years.

Investment policy and objectives

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity. The Trustees consider that the investment strategy is of a conservative nature and are very happy with the performance thus far.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with

applicable law and United Kingdom Generally Accepted Accounting Practice.

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit 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
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose 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 Charities Act 2011, the Charity (Accounts and reports) Regulations 2008 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.

ON BEHALF OF THE BOARD:

R Hill - Chairman - Trustee

pate: 1/2 APRIL 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST HATCH ANIMAL CENTRE FRIENDS GROUP

| report on the accounts for the year ended 31 August 2023 set out on pages four to eight.

Respective responsibilites of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the Charities Act) and that an independent examination is required.

It is my responsibility to:

examine the accounts under Section 145 of the Charities Act
to follow the procedures laid down in the General Directions of the Charity Commission under Section 145 (5)(b) of the Charities Act ; and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General 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 or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

R Mugford FCCA

Bray Accountants

21 Angel Hill

Tiverton Devon EX16 6PE

Date: 2nd April 2024

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023

	Notes	2023	2022
		Unrestricted	Unrestricted
		funds	funds
		£	£
INCOME
Income from generated funds
Donations, legacies etc	2	32,613	97,218
Investments	3	19,843	7,991
Total income		52,456	105,209
EXPENDITURE
Expenditure on raising funds
Charitable activities		74,894	62,422
Total expenditure		74,894	62,422
Net income (expenditure) before
investment gains (losses)		-22,438	42,787
Net gains (iosses) on investments		-29,549	-44,429
TOTAL FUNDS BROUGHT FORWARD		1,399,118	1,400,760
TOTALFUNDSCARRIEDFORWARD		1,347,131	1,399,118

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

BALANCE SHEET 31ST AUGUST 2023

		2023	2022
		Unrestricted	Total
		funds	funds
		£	£
FIXED ASSETS
Tangible assets	6	11,262	13,250
CURRENT ASSETS
Cash at bank		677,604	898,024
Investments		658,895	488 444
		1,336,499	1,386,468
CREDITORS
Amounts falling due within one year	7	-630	-600
NET CURRENTASSETS		1,335,869	1,385,868
NETASSETS		1,347,131	~~7,399,118
FUNDS
Unrestricted funds	8	1,347,131	1,399,118
TOTALFUNDS		1,347,131	1,399,118

The financial statements were approved by the Board of Trustees on (2/,/24and were signed on its behalf by:

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xf
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R Hill - Chairman - Trustee

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

ACCOUNTING POLICIES

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2023

Basis of preparation

The financial statements have been prepared under the historical cost convention, with items recognised at cost or transaction value unless otherwise stated in the relevant notes to the accounts. 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 in the UK and Republic of lreland (FRS 102) (effective 1st January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.

The charity constitutes a public benefit entity under FRS 102

Income

Income is included in the statement of financial activities when the charity becomes entitled to the income and the amount can be quantified with reasonable accuracy. The income from fundraising ventures is shown gross, with associated costs included in resources expended. No permanent endowments have been received in the period.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to this 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.

Assets

Tangible fixed assets are depreciated on a reducing balance basis having regard to the useful lives of the assets. The rates used are as follows:

Plant and machinery - 15% on reducing balance

Taxation

The charity is exempt from 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.

Value Added Tax

Value Added Tax is not recoverable by the charity, and as such is included in the relevant costs in the Statement of Financial Activities.

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023

		2023	2022
2.	DONATIONS, LEGACIES ETC
		£	£
	Donations and gifts	3,157	2,734
	Gift aid	190	264
	Legacies	27,160	91,744
	Subscriptions - new members	786	1,093
	Subscriptions - renewals	1,320	1,383
		32,613	97,218
3.	INVESTMENTS
	Deposit account interest	807	34
	Dividends received	19,036	7,957
		19,843	7,991

4. SUPPORT COSTS ALLOCATED TO CHARITABLE ACTIVITIES

			Finance	Support	Projects	Totals
				costs
			£	£	£	£
Other	resources	expended	139	4,755	70,000	74,894

5. TRUSTEES’ REMUNERATION AND BENEFITS

There was no trustees’ remuneration or other benefits for the year ended 31 August 2022 or for the year ended 31 August 2023.

Trustees’ Expenses

During the year one trustee was reimbursed for direct charitable expenses incurred on behalf of the charity amounting to £1,619 (2022: £138)

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023

		Plant and	Totals
		machinery
6.	TANGIBLE FIXED ASSETS	£	£
	COST
	At 1st September2022	48,272	48,272
	At 31stAugust 2023	48,272	48,272
	DEPRECIATION
	At 1st September 2022	35,022	35,022
			0
	Charge forthe year At 31stAugust2023	1,988 37,010	1,988 37,010
	NET BOOKVALUE
	At 31 August 2023	11,262	11,262
	At 31 August 2022	13,250	13,250
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	2023	2022
	Accrued expenditure	630	600
8.	MOVEMENTINFUNDS

6. TANGIBLE FIXED ASSETS

			Net movement
		At 1.9.22	in funds	At		31.8.23
		£	£			£
Unrestricted funds
General fund		1,399,118	-51,987		1,347,131
Net movement in funds, included in the above are as follows:
	Incoming	Resources	Gains/losses		Movement
	resources	expended	oninvestments	_	in funds
	£	£				£
Unrestricted funds
General fund	52,456	-74,894	-29,549			-51,987
TOTALFUNDS	52,456	-74,894	-29,549			-51,987

N.B - there was a loss on investment of £44,429 during the year to 31.8.22

WEST HATCH ANIMAL CENTRE FRIENDS GROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |£|£| |INCOME| |Donations,|legacies|etc| |Donations|and|gifts|3,157|2,734| |Gift|aid|190|264| |Legacies|27,160|91,744| |Subscriptions|-|new|members|786|1,093| |Subscriptions|-|renewals|1,320|1,383| |32,613|97,218| |Investments| |Deposit|account|interest|807|34| |Dividends|received|19,036|7,957| |19,843|7,991| |Total|income|52,456|105,209| |EXPENDITURE| |Support|costs| |Bank|charges|139|87| |Postage,|stationery|and|advertising|2,107|935| |Professional|fees|660|654| |Depreciation|-|Plant|and|machinery|1,988|2,338| |4,894|4,014| |This|page|does|not form|part|of the|statutory|financial|statements|

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WEST HATCH ANIMAL CENTRE FRIENDS GROUP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023

	2023	2022
	£	£
Projects
Domestic & Wildlife	63,676	53,089
Animal behaviour training	162	0
Vet fees	6,162	5,319
	70,000	58,408
Total expenditure	74,894	62,422
Netincome	-22,438	42,787

This page does not form part of the statutory financial statements