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2025-12-31-accounts

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Charity no. 1209359

Report and Unaudited Financial Statements

31 December 2025

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Reference and administrative details

For the year ended 31 December 2025 For the year ended 31 December 2025
Charity number 1209359
Registered office and RSPCA South West Somerset Branch
operational address 64 Bridge Street
Taunton
Somerset
TA1 1UD
Trustees The trustees who served during the year and up to the date of this report
were as follows:
Jenny Christopher Chair
Karen Gigg Chair / Treasurer
Alex Chandler Secretary
Mariota Kittermaster Resigned 1 September 2025
Michelle Johnston
Richard Remington Co-opted 4 October 2025
Branch Welfare Voucher Sue Percival
Administration Steph Heide
Kathryn O’Connor
Natalie Heed
Branch Manager Natalie Head
Shop managers Glyn Trapnell To April 2025
Carly Latifi June 2025 onwards
Jenny Casey To August 2025
Kat Dziadek August 2025 onwards
Henrietta Folkes
Emma Cook
Assistant shop Kat Dziadek To August 2025
managers Joyce Erskine
Shayla Male August 2025 onwards
Sue Searle
Branch Partnership Various cover across the year
Manager
Bankers CAF Bank Limited Lloyds Bank NatWest Bank
25 Kings Hill Avenue 120 Lewisham High 10 East Street
Kings Hill Street Ilminster
West Maling Lewisham Somerset
Kent London TA19 0AA
ME19 4JQ SE13 6JG

1

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Reference and administrative details

For the year ended 31 December 2025

Independent examiners Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Structure, governance and management Constitution

On the 31 July 2024 a Charitable Incorporated Organisation (CIO) was established and on the 31st December 2024 all the assets and liabilities were transferred from the unincorporated charity, RSPCA South West Somerset Branch (205655) to the CIO, RSPCA South West Somerset Branch CIO (1209359). The CIO is controlled by its governing document, the constitution, which was signed in December 2024.

The CIO’s first Annual General Meeting has been scheduled for 25 June 2026, which falls within 18 months of the CIO commencing operations and trading activities. However, following a subsequent review of the constitutional and regulatory requirements applicable to the conversion from the former unincorporated charity to the CIO, it was identified that the 18-month period should have been calculated from the CIO’s date of registration rather than from the date trading activities commenced. This arose as a procedural oversight during the transfer of assets and liabilities from the unincorporated charity to the CIO. The trustees have reviewed the matter and are taking steps to ensure that future governance and reporting requirements are complied with in accordance with the CIO constitution and applicable charity law.

Organisational structure

The Branch is governed by a committee of trustees who are elected at the AGM. All trustees are briefed on their responsibilities as trustees prior to their acceptance of the role.

The trustees hold regular meetings at which decisions are made. Day to day running of the Branch is delegated to the Branch Manager, and the day to day running of the Branch charity shops is delegated to the Shop Managers.

Related party relationships

The Branch operates within a national network of organisations that pursue the same objectives and which are collectively known as the Royal Society for the Prevention of Cruelty to Animals (the RSPCA).

The network comprises independent branches operating within a defined geographical area for the purposes of fundraising and the provision of animal care facilities and treatments. A regional structure also exists that is overseen on a national basis. This structure provides a team of specialist Inspectors and coordinates the policies and objectives of the branches. Representatives of the branches, regional and national organisations meet on an annual basis as a forum to consider all issues affecting animal welfare; and to develop policies for the future pursuit of their common aims.

The Branch also has links with other organisations committed to the same objectives.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

Risk management

The trustees actively review the risks, which the Branch faces on a regular basis through regular meetings of the trustees that cover operational and financial reviews. The main risks to which the charity is exposed have been identified as:

Trustee induction and training

Every prospective trustee is provided with information about the work of the Branch and invited to attend one or more meetings as an observer. Training is offered as appropriate to trustees, however, with many volunteers working full or part time, requests for take up tends to be low.

Key management personnel remuneration

The trustees consider that the board of trustees comprise the key management personnel of the charity in charge of the directing and controlling of the charity. The operation of the charity on a day to day basis is delegated to the Branch Manager. All trustees give of their time freely and no trustee remuneration was paid in the year. Details of trustee expenses and related party transactions are disclosed in notes 9 and 23 of these accounts.

Trustees are required to disclose all relevant interests and register them and in accordance with the charity’s policy, withdraw from decisions where a conflict of interest arises.

Membership

Members living in the Branch area who join the National Society automatically become members of the Branch. At 31 December 2025 the Branch had 82 members (2024: 89). Each member is entitled to a vote at the Branch annual general meeting after completing three months membership, and at any extraordinary general meeting which might be held.

Objectives and activities for the Public Benefit

The objects of the Branch are to promote the work and objects of the National Society, whose vision is a world where all animals are respected and treated with compassion and whose mission is to prevent cruelty, promote kindness and alleviate the suffering of all animals.

The trustees have reviewed the outcomes and achievements of the Branch objectives and activities for the year to ensure they remain focussed on the charity’s aims and continue to deliver benefits to the public. The trustees have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. This can be illustrated as follows:

4

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

Advancement of animal welfare

Under the Charities Act 2011, the advancement of animal welfare is recognised as a distinct statutory charitable purpose. This legislation and the Animal Welfare Act 2006 indicate an acceptance by society that treating living creatures with compassion has a moral benefit for the public as a whole. Whilst this public benefit is clear, it is sometimes difficult to quantify and must be balanced against any detriment.

The Branch animal welfare work, although local in nature, benefits society at large and aims to help people in need with the care of their animals. The next section of this report highlights the main Branch activities and demonstrates the benefit provided to the public (in italics). All our charitable activities, as described in more detail in the following pages of this report, focus on promoting kindness and preventing or suppressing cruelty to animals and are undertaken to further these purposes for the public benefit.

Charitable activities pursued for the public benefit.

5

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

Achievements and performance

The Branch has continued to trade from all four of its shops throughout 2025. After the initial shortterm lease on the new Bridgwater location this was extended, still on a short term basis but has allowed us to continue trading in a town centre location. The shop is performing well and the size allows us to work with the education team based at West Hatch to run regular engagement sessions in the school holidays.

Sadly our Wellington shop suffered some fairly major building maintenance issues at the start of the year. Due to the extent of the building issues the shop needed to be closed and so we took the opportunity to clear through the shop and refresh for a new opening which was in June 2025. Our new Manager joined us soon after opening and we hope to increase trade through the next year.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

High street footfall is a real challenge, this coupled with increasing costs associated with the shops as well as people generally being more savvy with reselling means the shops are now tougher to make profitable than ever. The next year will be to focus on increasing revenue through alternative streams and ensuring we are making the most of all our retail space, including online.

We have again seen a significant increase in demand for support for assistance with veterinary fees through our welfare line as the increase in the cost-of-living impacts pet owners. We are seeing a rise in larger bills due to the cost of living combined with an increase in the cost of veterinary care.

We would like to thank all our staff and volunteers for their hard work throughout the year in keeping our shops trading and their continued support throughout. The current climate and changes in staff have meant some challenging times but all have operated well.

The trustees and Branch Manager are continuing to monitor the position of the shops and welfare need and are acting where appropriate and with the level of reserves are satisfied that the charity remains a going concern.

We have also funded a part time Community Outreach Officer at the West Hatch Education hub which continues to be an exciting opportunity for us to work with them and develop preventative work in our Branch area, through education and outreach projects. Over 17,000 people were reached through this work in 2025.

Significant activities

This year the Branch has supported:

The Branch has also continued fundraising through:

Financial review

Retail

Our fundraising shops at Bridgwater, Chard, Taunton and Wellington continue to provide the main source of operational income for the Branch supplemented by online sales to match public spending and shopping habits

Net income from the retail operation was £5,690 (2024: net income £24,515).

Non-retail

Other income received by the Branch amounted to £151,539 (2024: £91,561) which represented an increase in income of £59,978. Included in this other income is legacy income of £70,684 (2024: £45,283). The branch spent £103,189 (2024: £54,893) on providing animal welfare in the year.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

In overall terms there was a net surplus of £47,686 in the year compared to a net surplus of £62,478 in 2024.

Fundraising

The Branch benefits from the funds raised through collection boxes situated at a few premises with South West Somerset. Our thanks are extended to all the organisations, businesses, individuals and volunteers who have supported our fundraising efforts this year. We also receive a small amount of donations via ‘Give as you earn’ and monthly supporter donations as well as online social media related donations.

Reserves policy

The Branch aims to hold sufficient reserves to be able to continue the charity’s work for the foreseeable future by holding at least two years running costs. The trustees consider it prudent that, given the uncertainty of the income stream from year to year, which is dependent on shop sales, unrestricted reserves should be sufficient to cover ongoing operational and support costs. Any additional funds held are to be applied to run animal welfare programmes. The free reserves at 31 December 2025, being unrestricted reserves, less fixed assets and investments were £535,892 (2024: £479,092) of which £Nil (2024: £45,233) has been designated for the education hub at West Hatch.

Investment policy

The Branch holds an investment portfolio managed by Rowan Dartington. At 31 December 2025 these investments had a market value of £250,855.

Plans for future periods

The Branch will continue with the following:

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Report of the trustees

For the year ended 31 December 2025

select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which 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 constitution. The trustees 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 22 May 2026 and signed on their behalf by

Karen Gigg - Trustee

9

Independent examiner's report

To the trustees of

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

I report to the trustees on my examination of the accounts of Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO (the CIO) for the year ended 31 December 2025, which are set out on pages 11 to 28.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the CIO’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 because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Date: 26 May 2026

William Guy Blake Member of the ICAEW Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Statement of financial activities

For the year ended 31 December 2025

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
-
74,250
Charitable activities
4
36,586
-
Other trading activities
5
-
240,285
Investments
6
-
19,605
Total income
36,586
334,140
Expenditure on:
Raising funds
-
233,576
Charitable activities
36,586
73,663
Total expenditure
7
36,586
307,239
Net gains on investments
13
-
20,785
Net income and net movement in funds
-
47,686
Reconciliation of funds:
Total funds brought forward
-
757,115
Total funds carried forward
-
804,801		 2025
Total
£
74,250
36,586
240,285
19,605
370,726
233,576
110,249
343,825
20,785
47,686
757,115
804,801		 Restated
2024
Total
£
50,709
1,608
253,493
17,216
323,026
218,594
57,742
276,336
15,788
62,478
694,637
757,115

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the accounts.

Prior period income and expenditure have been reclassified to reflect the requirements of the Charities SORP (FRS 102) and to be comparable with the current year. The restatements are purely reclassifications of income and expenditure and do not affect net income.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Balance sheet

As at 31 December 2025

Note
Fixed assets
Tangible assets
12
Investments
13
Current assets
Stock
14
Debtors
15
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
16
Net current assets
Net assets
18
Funds
19
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
580
78,771
465,224
544,575
8,683		 2025
£
18,054
250,855
268,909
535,892
804,801
-
-
804,801
804,801		 Restated
2024
£
5,327
227,463
232,790
1,046
51,417
503,343
555,806
31,481
524,325
757,115
-
45,233
711,882
757,115

Approved by the trustees on 22 May 2026 and signed on their behalf by

Karen Gigg - Trustee

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies

a) General information and basis of preparation

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO is an charitable incorporated organisation registered in England and Wales. The registered office address is RSPCA SW Somerset office, 64 Bridge Street, Taunton, TA1 1UD.

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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

On 31 July 2024, RSPCA South West Somerset Branch (205655) commenced a process to transfer its assets and activities to RSPCA South West Somerset Branch CIO, a newly registered charity (1209359). Both entities have the same trustees and charitable objects, and the transfer therefore qualifies for merger accounting.

Although some transactions were undertaken by RSPCA South West Somerset Branch during the year ended 31 December 2025, the trustees have presented the combined financial results for both entities within the accounts of RSPCA South West Somerset Branch CIO to recognise that, in substance, the charity operated as a single entity during the year. The legal transfer of assets took place on 12 December 2024.

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

13

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies (continued) c) Income (continued)

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies (continued)

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the total expenditure for each category as follows:

Restated
2025 2024
Raising funds 32.1% 20.9%
Charitable activities 67.9% 79.1%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixture, fittings and equipment 25% reducing balance Motor vehicles 25% reducing balance

Items of equipment are capitalised where the purchase price exceeds £150.

j) Listed investments

Investments in quoted shares, traded bonds and similar investments are measured initially at cost and subsequently at fair value (their market value). The statement of financial activities includes the net gains and losses arising on revaluations and disposals throughout the year. Listed investments also includes cash and cash equivalents held for re-investment purposes.

k) Stock

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, firstout (FIFO).

Good donated by the general public to be sold in the shops operated by the charity are not included in the value of stock due to there being no practical method of determining the value prior to sale.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash held by the investment managers for the purposes of re-investments is included within listed investments on the balance sheet.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

1. Accounting policies (continued)

n) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

p) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

q) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note i above.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net gains on investments
Net income and net movement in funds
3.
Income from donations and legacies
Donations
Legacies
Total income from donations and legacies		 Restricted
£
£
-
50,709
-
1,608
-
253,493
-
17,216
-
323,026
218,594
57,742
-
276,336
15,788
-
62,478
2025
Total
£
3,566
70,684
74,250
Unrestricted		 Restated
2024
Total
£
50,709
1,608
253,493
17,216
323,026
218,594
57,742
276,336
15,788
62,478
2024
Total
£
5,426
45,283
50,709

All income from donations was unrestricted in the current and prior year.

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

4. Income from charitable activities

Restricted
£
£
RSPCA HQ grants
14,967
-
RSPCA Regional Board grants
21,619
-
Total income from charitable activities
36,586
-
Prior period comparative:
Restricted
£
£
RSPCA HQ grants
-
1,608
Total income from charitable activities
-
1,608
5.
Income from other trading activities
2025
Total
£
RSPCA Branch shop income
219,187
Flag days, house to house appeals
20,520
Give as you earn
278
Other
300
Total income from other trading activities
240,285
RSPCA Branch shop income comprises:
2025
Total
£
Bridgwater
79,098
Chard
43,156
Taunton
64,205
Wellington
31,566
Online
1,162
219,187
All income from trading activities was unrestricted in the current and prior year.
Unrestricted
Unrestricted		 2025
Total
£
14,967
21,619
36,586
2024
Total
£
1,608
1,608
2024
Total
£
231,465
21,816
212
-
253,493
2024
Total
£
72,934
37,886
71,416
47,801
1,428
231,465

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

6. Income from investments

Bank interest
Dividend income		 2025
Total
£
15,447
4,158
19,605		 2024
Total
£
12,027
5,189
17,216

All income from investments was unrestricted in the current and prior period.

7. Total expenditure

Goods purchased for resale
Expenses common to all shops
Van expenses
Investment management costs
Individual shop costs (note 8)
Branch contributions to regions
Neutering
Veterinary fees
Welfare assistance
Boarding fees
General insurance
Repairs and renewals
Telephone and postage
Printing and stationery
Accountancy
Payroll administration
Bank charges
IT software
Sundry expenses
Depreciation
Loss on disposal of fixed assets
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
1,025
417
2,231
1,450
213,497
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
218,620
14,956
233,576		 Charitable
activities
£
-
-
-
-
-
1,378
14,712
34,803
52,170
126
-
-
-
-
-
-
-
-
-
-
-
103,189
7,060
110,249		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
-
1,543
12,201
1,050
228
2,904
959
85
402
249
2,045
350
22,016
(22,016)
-		 2025 Total
£
1,025
417
2,231
1,450
213,497
1,378
14,712
34,803
52,170
126
1,543
12,201
1,050
228
2,904
959
85
402
249
2,045
350
343,825
-
343,825

Total governance costs were £2,904 (2024: £3,000)

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Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

7.
Total expenditure (continued)
Prior period comparative
Goods purchased for resale
Expenses common to all shops
Van expenses
Investment management costs
Employment allowance
Individual shop costs (note 8)
Branch contributions to regions
Neutering
Veterinary fees
General insurance
Telephone and postage
Printing and stationery
Legal and professional
Accountancy
Payroll administration
Bank charges
IT software
Sundry expenses
Depreciation
Profit on disposal of fixed assets
Sub-total
Total expenditure
Allocation of support and
governance costs		 Raising
funds
£
1,928
376
1,895
1,661
(5,000)
206,950
-
-
-
-
-
-
-
-
-
-
-
-
-
-
207,810
10,784
218,594		 Charitable
activities
£
-
-
-
-
-
-
1,378
12,942
40,573
-
-
-
-
-
-
-
-
-
-
-
54,893
2,849
57,742		 Support and
governance
costs
£
-
-
-
-
-
-
-
-
-
1,572
1,051
116
4,783
3,000
663
60
347
385
1,677
(21)
13,633
(13,633)
-		 Restated
2024 Total
£
1,928
376
1,895
1,661
(5,000)
206,950
1,378
12,942
40,573
1,572
1,051
116
4,783
3,000
663
60
347
385
1,677
(21)
276,336
-
276,336

The allocation of support and governance costs between raising funds and charitable activity costs has been restated in line with the methodology applied in the current year.

20

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

8.
Individual shop costs
Rent and insurance
Rates and water
Electricity
Telephone
Staff costs (note 10)
Repairs and maintenance
Legal and professional
Other
Total expenditure
Prior period comparative
Rent and insurance
Rates and water
Electricity
Telephone
Staff costs (note 10)
Repairs and maintenance
Other
Total expenditure		 Bridgwater
£
12,000
308
4,712
487
39,613
-
-
2,623
59,743
Bridgwater
£
12,000
203
5,980
191
39,353
68
3,107
60,902		 Chard
£
7,113
699
2,229
623
28,859
190
2,714
2,724
45,151
Chard
£
7,092
414
1,497
531
28,582
1,300
2,433
41,849		 Taunton
£
13,835
1,037
3,542
1,287
39,570
188
-
3,404
62,863
Taunton
£
13,908
647
3,800
983
38,003
68
2,806
60,215		 Wellington
£
7,585
753
1,939
528
27,061
5,243
-
2,431
45,540
Wellington
£
6,250
321
3,228
571
30,153
250
2,727
43,500		 Online
£
-
-
200
-
-
-
-
-
200
Online
£
-
-
480
-
-
-
4
484		 2025 Total
£
40,533
2,797
12,622
2,925
135,103
5,621
2,714
11,182
213,497
2024 Total
£
39,250
1,585
14,985
2,276
136,091
1,686
11,077
206,950

21

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

9. Net movement in funds

This is stated after charging:

Loss / (profit) on disposal of fixed assets
Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiners' remuneration (excluding VAT):
Independent examination		 2025
£
350
2,045
38,050
Nil
Nil
2,600		 2024
£
(21)
1,677
38,050
Nil
Nil
3,000

In common with other charities of our size and nature we use our independent examiners to assist with the preparation of the financial statements.

10. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2025
£
132,652
549
1,902
135,103		 2024
£
125,940
8,353
1,798
136,091

No employee earned more than £60,000 during the year.

The key management personnel of the charity comprise the Trustees. No key management personnel received any employee benefits in year or prior year.

Average head count 2025
No.
8		 2024
No.
8

11. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

22

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

12. Tangible fixed assets

Cost
At 1 January 2025
Additions in year
Disposals
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
On disposals
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
13. Investments
Market value at 1 January
Additions
Disposals proceeds
Gains
Market value at 31 December
Cash held pending re-investment
Market value at 31 December
Investments comprise:
Listed investments
Cash and cash equivalents
Total investments		 £
10,822
14,250
(10,822)
14,250
10,630
642
(10,678)
594
13,656
192
Motor
vehicles		 £
42,516
872
(4,856)
38,532
37,381
1,403
(4,650)
34,134
4,398
5,135
2025
£
222,733
104,526
(108,061)
20,785
239,983
10,872
250,855
239,983
10,872
250,855
Fixtures,
fittings &
equipment		 Total
£
53,338
15,122
(15,678)
52,782
48,011
2,045
(15,328)
34,728
18,054
5,327
Restated
2024
£
262,080
48,549
(103,684)
15,788
222,733
4,730
227,463
222,733
4,730
227,463

23

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

13. Investments (continued)

The restatement of 2024 figures is to reclassify £4,730 of cash held by the investment manager from cash at bank and in hand to be included within investments, reflecting a change in accounting policy.

14. Stock

New goods
15. Debtors
Trade debtors
Prepayments
Accrued income
Other debtors
16. Creditors: amounts falling due within 1 year
Trade creditors
Accruals
Other taxation and social security
Deferred income (see note 17)
17. Deferred income
At 1 January
Deferred during the year
Released during the year
At 31 December		 2025
£
580
2025
£
963
7,602
65,037
5,169
78,771
2025
£
2,587
3,949
2,147
-
8,683
2025
£
21,619
-
(21,619)
-		 2024
£
1,046
2024
£
927
7,728
41,157
1,605
51,417
2024
£
3,622
6,240
-
21,619
31,481
2024
£
-
21,619
-
21,619

Deferred income related to funding received in the prior year towards activities to take place in 2025.

24

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

18. Analysis of net assets between funds

Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 December 2025
Prior year comparative
Tangible fixed assets
Investments
Current assets
Current liabilities
Net assets at 31 December 2024		 £
-
-
-
-
-
£
-
-
-
-
-
Restricted
funds
Restricted
funds		 £
-
-
-
-
-
£
-
-
45,233
-
45,233
Designated
funds
Designated
funds		 £
18,054
250,855
544,575
(8,683)
804,801
£
5,327
227,463
510,573
(31,481)
711,882
General
funds
General
funds		 Total
funds
£
18,054
250,855
544,575
(8,683)
804,801
Total
funds
£
5,327
227,463
555,806
(31,481)
757,115

25

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

19. Movements in funds
Restricted funds
RSPCA HQ Grants
RSPCA Regional Board
Total restricted funds
Designated funds:
West Hatch education hub
Total designated funds
General funds
Total unrestricted funds
Total funds
Purposes of designated funds
West Hatch education hub
Unrestricted funds		 At 1
January
2025
Income
Transfers
between
funds
At 31
December
2025
£
£
£
£
£
£
-
14,967
(14,967)
-
-
-
-
21,619
(21,619)
-
-
-
-
36,586
(36,586)
-
-
-
45,233
-
(45,233)
-
-
-
45,233
-
(45,233)
-
-
-
711,882
334,140
(262,006)
20,785
-
804,801
757,115
334,140
(307,239)
20,785
-
804,801
757,115
370,726
(343,825)
20,785
-
804,801
Net gains on
investments
Expenditure
The designated funds represent monies the trustees wish to spend on education hub
at West Hatch.

26

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

19. Movements in funds (continued)

Purposes of restricted funds RSPCA HQ Grants Funds received towards shop rebranding costs and multi-animal veterinary costs. RSPCA Regional Board Funds received towards neutering programmes. Transfers In the prior year the trustees designated £45,233 towards the education hub at West Hatch.

Prior year comparative
Designated funds:
West Hatch education hub
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
January
2024
£
-
-
694,637
694,637
694,637		 Income
£
-
-
323,026
323,026
323,026		 £
-
-
(276,336)
(276,336)
(276,336)
Expenditure		 £
-
-
15,788
15,788
15,788
Net gains on
investments		 Transfers
between
funds
£
45,233
45,233
(45,233)
-
-		 At 31
December
2024
£
45,233
45,233
711,882
757,115
757,115

27

Royal Society for the Prevention of Cruelty to Animals South West Somerset Branch CIO

Notes to the financial statements

For the year ended 31 December 2025

20. Financial instruments at fair value

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Financial assets measured at fair value|239,983|222,733|

----- End of picture text -----

Financial assets measured at fair value comprise listed investments.

21. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Amount falling due:| |Within 1 year|23,200|25,521| |Within 1 - 5 years|27,017|6,022| |50,217|31,543|

----- End of picture text -----

Each shop lease has a break clause as part of the agreement with the landlord. If the charity chose to initate the break cleases currently in place the total future minimum lease payments at 31 December 2025 would be £50,217 (2024: £31,543)

22. Contingent assets

There are some legacies which have been notified to the charity at 31 December 2025 for which the amount receivable cannot be readily ascertained. These financial statements include payments received on account but not any estimates for future amounts receivable. Indications are that the estimated value of these potential legacies is in the region of £52k.

23. Related party transactions

There were no related party transactions in the current or prior period.

28