**R.S.P.C.A WOKING AND DISTRICT ANNUAL REPORT AND ACCOUNTS 31 DECEMBER 2022 (Registered Charity No. 202025)**
## **R.S.P.C.A. WOKING AND DISTRICT LEGAL AND ADMINISTRATIVE DETAILS**
Trustees:
Miss Sarah Dade Chair Mr Steve Hallett Ms Charlotte Notley Ms Natalie Randell Ms Victoria Parker Ms Sue Sherburn Mrs Fran Slaney Registered name Royal Society for the Prevention of Cruelty to Animals Surrey Woking and District with the Charity Commission in England and Wales under reference 202025 Operating name RSPCA Woking and District Branch Office: 44 Grindstone Crescent Knaphill Woking Surrey GU21 2RY Independent Examiner Azets Audit Services Lime Court Pathfields Business Park South Molton Devon EX36 3LH
Bankers: Santander Business Banking
Barclays Bank plc
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## **RSPCA WOKING AND DISTRICT**
## **Trustees’ Report for the year ended 31 December 2022**
The trustees present their report along with the financial statements of the charity for the year ended 31[st] December 2022.
## **OBJECTIVES AND ACTIVITIES**
The objectives of the RSPCA Woking and District ( Woking Branch) are to promote the work and objectives of the RSPCA Society for the Prevention of Cruelty to Animals (The Society) in the Woking and District area. The objectives of the Society are to promote kindness and to prevent or suppress cruelty to animals and to do all such lawful acts as the Society may consider to be conducive or incidental to the attainment of those objectives.
The activities of the Woking Branch during 2022 were and continue to be in 2023:
(1) The re-homing of abandoned or unwanted animals.
(2) Helping people on low incomes with veterinary treatment.
(3) Animal welfare education.
- (4) Assisting the Society in its objectives.
## **PUBLIC BENEFIT**
All charities in England and Wales must have charitable aims that are for the public benefit. It is not enough that the Branch’s work benefit animals. Richard Martin, one of the founders of the Society’s nineteenth century founders, identified the Society’s prime aim as being to alter moral feelings of the country. He recognized that care of animals is an essential part of any civilization. This resonates today. Preventing cruelty to animals promotes humane sentiments in humankind towards animals which involves moral benefit to the human community as a whole. Whilst this public benefit is clear, it is difficult to quantify and must be balanced against any detriment.
The Branch’s work benefits society at large, but it provides (e.g. subsidized veterinary treatment) aimed to help people in need with care of their animals.
The following sections of this report on the achievements and performance of the Branch describe the Branch’s main activities and demonstrate the benefit provided to the public. All our charitable activities focus on promoting kindness and preventing cruelty to animals and are undertaken to further these charitable purposes for the public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
2022, as in the previous two years, has been another very difficult year for people living in the UK with the war in the Ukraine causing a surge in energy prices and contributing to rampant inflation, strikes and a poor economic performance.
These issues have had a major impact on the branch. The squeeze on personal incomes and higher veterinary bills resulted in more claims for help There was also the hang over from Covid where many people who had taken on animals as companions during the Covid pandemic found that they could not cope with them and decided to abandon them.
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## **RSPCA WOKING AND DISTRICT Trustees’ Report for the year ended 31 December 2022**
## **ACHIEVEMENTS AND PERFORMANCE continued**
The Branch has responded to these challenges. In 2022 £95,443 (2021 £89,482) was expended helping people to obtain veterinary treatment. The details of animal welfare are summarized below:
Branch assisted vouchers: 481animals (2021 – 378) Animals rehomed: 98 animals (2021 – 98) Animals neutered: 104 animals (2021 – 82) Animals microchipped: 43 animals (2021– 54) Pre-home checks for animals rehomed 97 animals (2021 – 96)
The Trustees believe that these statistics demonstrate that the branch’s activities are making a significant difference to animal welfare in the Woking area and its core purpose is being achieved. The trustees would to thank their Welfare Officer Megan Long for her dedication and fortitude in a very difficult year.
The branch would not function without the continued support of a large number of unpaid volunteers who help with rehoming, fostering, fundraising, serving in the branch’s charity shops and branch administration. The trustees would like to thank them for their efforts. The trustees would also like to thank the vets that support the branch especially the staff of Kingswood veterinary surgeons.
## **FINANCIAL REVIEW**
The total income for the year amounted to £293,463 (2021-£213,276) and expenditure to £270,850(2021-£202,229) making a surplus of £22,613 (2021 surplus of £11,047) before investment deficit of £9,510 (2021 surplus £21,703).
Thanks to hard work of the shops managers, staff and volunteers, the surplus for the year from the
The investment policy of the branch is maximizing income on its investments but with the overriding object of preserving capital invested. Because of the poor returns on bank deposits in 2022, further investments were made during the year in high yielding equity shares via an authorized unit trust run by M& G Securities. Distributions on the investments are accumulated. The current published yield is 4.55%(16Jan2022). Because of the various problems in the UK and abroad the portfolio did perform well with a small overall loss(0.2%). M&G have a good track record over the medium to long term consequently the Trustees continue to believe that this the best way to preserve the Reserves of the Branch for the future.
The strict control of costs of helping people on low incomes with their veterinary bills has considerably assisted in controlling the overall level of expenditure and hence the level of the operating surplus for the year.
Funds available to the Branch are sufficient to permit the Branch to continue to promote the Branch’s objectives in the medium to long term. There are no specific welfare projects in mind for 2023 other than to continue to promote animal welfare in the Woking District.
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## **RSPCA WOKING AND DISTRICT**
## **Trustees’ Report for the year ended 31 December 2022**
## **RESERVES POLICY**
The reserve policy of the Branch is to maintain a level of free reserves that will enable to Branch to ensure a continuity of activities and the ability to adjust, in a measured way, to any significant change in resources. At 31December 2022 the unrestricted fund amounts to £270,140,which the trustees consider to be sufficient to cover the Branch’s reserve policy.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Branch is an unincorporated charitable association established in 1962 and operates as an autonomous branch of the Society. The Branch is a separate charity registered with the Charity Commissioners in England and Wales. The Branch is governed by a Rule Book drawn up by the Society.
The management of the Branch is entrusted to a Branch Committee who are the trustees of the Charity. Trustees are appointed by the members of the branch at its Annual General Meeting to hold office until the next Annual General Meeting. There are provisions in the Rule Book for the branch committee to co-opt additional trustees during the year.
The Committee in carrying out their duties are always seeking new trustees who could make a contribution to the branch’s activities.
## **REFERENCE & ADMINISTRATIVE DETAILS**
The branch is registered with the Charity Commission in England and Wales under the name Royal Society for the Prevention of Cruelty to Animals Surrey Woking and District reference 202025.The Branch is more commonly known as the RSPCA Woking and District Branch.
The details of trustees who have served during 2022 and up to the date of this report and other administrative details are set out on page one of the trustees’ report.
## **RISKS AND OPPORTUNITIES**
The Branch has carried out a review to identify major risks and has taken steps to mitigate them.
The major risks identified are:
- loss of reputation through error or fraud
- loss of income through error or fraud
- loss of income through poor investment performance
- insufficient trustees for the Branch to continue
- insufficient volunteers for fundraising activities and animal welfare activities
- insufficient funds to cover the costs of animal welfare activities
It is the opinion of the Trustees that the Branch’s policies, procedures, and controls are adequate to mitigate financial loss and loss of reputation through error or fraud and to maintain the future financial viability of the Branch. The trustees continuously seek to maintain the quality and number of trustees and volunteers to ensure the Branch’s continued viability.
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## **RSPCA WOKING AND DISTRICT**
## **Trustees’ report for the year ended 31 December 2022**
## **COMMITTEE’S STATEMENT OF RESPONSIBILITIES**
The Committee is required to prepare financial statements for each financial year under the Branch Rules. The Branch has adopted Accounting and Reporting by Charities: a Statement of Recommended Practice (FRS102) issued in 2014 .
In preparing the financial statements, the Committee is required to:
- prepare accounts which present a true and fair view
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed
- prepare the financial statements on a going concern basis unless it is inappropriate to presume the Branch will continue in operation
- prepare an assessment of the risks and opportunities facing the Branch
The Committee is responsible for ensuring that proper accounting records are kept which disclose with reasonable accuracy at any time the financial position of the Branch and enable the Committee to ensure that the financial statements comply with the Charities Act 2011. The Committee is also responsible for safeguarding the assets of the Branch and for taking reasonable stems for the prevention and detection of fraud and other irregularities by the establishment of a system of internal control.
## **APPROVAL**
Ruth Lamb on behalf of the trustees: Ruth Lamb
Date: 27 April 2023
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## **RSPCA WOKING & DISTRICT**
## **Independent Examiner’s Report to the trustees of the RSPCA WOKING & DISTRICT**
I report to the trustees on my examination of the financial statements of RSPCA Woking & District (the charity) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charities financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
Since the charities 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 ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on and after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the as required by section 130 of the 2011 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a true and fair view which is not a matter considered as part of the independent examination.
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 proper understanding of the financial statements to be reached.
**Mrs Elizabeth Smith ACA,FCCA,CTA Azets Audit Services Independent Examiner**
**Date: 27 April 2023**
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH CASH FLOW STATEMENT YEAR ENDED 31 DECEMBER 2022**
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|**Cash flows from operating activities**|19,212|(507)|
|**Cash flows from investment activities**|||
|Purchase of investments|(12,000)|(12,000)|
||---------|--------|
|**Increase (Decrease) in cash in the year**|7,212|(12,507)|
|**Cash at 1 January 2022**
|66.802|79,309|
||------------|--------|
|**Cash at 31 December 2022**
|74,014|66,802|
||=======|======|
|**Reconciliation of net income/expenditure to net cash flow from**|||
|**operating activities**|||
|Net income as per the statement of financial activities|13,103|32,750|
|Net gains and losses on investments|9,510|(21,703)|
|Reinvested dividends|(9,251)|(7,358)|
|(Increase)/decrease in debtors|1,633|(2,538)|
|Increase/(Decrease) in creditors|4,217|(1,658)|
||---------|--------|
|**Net cash inflow/(outflow) from operating activities**|19,212|(507)|
||---------|--------|
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH BALANCE SHEET FOR THE YEAR ENDING 31 DECEMBER 2022**
|**Note**
**FIXED ASSETS**
Investments
3
**CURRENT ASSETS**
Debtors
4
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors: amounts falling
due
within one year
5
**NET CURRENT ASSETS**
**TOTAL ASSETS**
**FUNDS**
Unrestricted General Fund
**TOTAL FUNDS**|**2022**
**2021**
**£**
**£**
200,913
189,172
10,111
11,744
74,014
66,802|
|---|---|
||84,125
78,546
(14,898)
(10,681)|
||69,227
67,865|
|||
||270,140
257,037|
||270,140
257,037|
||270,140
257,037|
**These accounts were approved by the Branch Committee and signed on their behalf by Ruth Lamb and Fran Slaney on 27 April 2023**
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH**
## **ACCOUNTING POLICIES**
## **THE YEAR ENDING 31 DECEMBER 2022**
## 1. BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention,
as modified by the revaluation of investments to market value, and are in accordance with the Accounting and Reporting by Charities: a Statement of Recommended Practice (FRS102) issued in 2014, the Charities Act 2011 and applicable United Kingdom accounting standards.
The particular accounting policies adopted are described below and are consistent with previous years unless otherwise stated.
## 2. INVESTMENTS
Stocks and shares are included in the accounts at market value. Unrealised gains and losses arising on sales of investments are, together with the realised gains and losses arising on the sale of investments shown in the statement of financial activities as net gains (losses) on investments. Distributions on accumulating investments are included in the statement of financial activities as dividends.
## 3. TAXATION
As a charity the Branch benefits from various exemptions from taxation afforded by the tax legislation and is therefore not liable to corporation tax on income or gains falling within those exemptions. Recovery is made of tax deducted from income and from receipts under Gift Aid. The Branch is also able to partially recover Value Added Tax. Expenditure subject to VAT that is not recoverable by the Branch is shown inclusive of VAT.
## 4. INCOME
Incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Bank interest and income from fixed interest securities is accrued. Other investment income is recognized when the Branch irreversibly entitled to it. Membership subscriptions are accounted for when received.
Material donations of assets for use by the Branch or services in kind are included in donations at the estimate of the gross value to the Branch in accordance with paragraphs 129 to 136 of the SORP and recognised on receipt.
## 5. GOVERNANCE
Governance costs include the direct costs of administering the Branch and an appropriate share of the support costs where applicable. Further details of the items included in governance costs are included in the notes to the accounts.
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## 6. OPERATING LEASES
Rental costs under operating leases are included in total resources expended in annual instalments over the periods of the leases.
## 7. DEVELOPMENT COSTS
The costs of developing the Branch, including the cost of acquiring and fitting out new shops, are written off in the year they are incurred.
## 8. GOING CONCERN
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 DECEMBER 2022**
|**Note**
**INCOME**
Voluntary Income
1
Income from Fund Raising
Sale of goods
8
Other activities
Income from Charitable Activities
1
Distributions on investments
Total
**EXPENDITURE**
Costs of Generating Funds
Fund Raising
Cost of Goods Sold
Total Cost of generating funds
Charitable Activities to further Animal Welfare
2
Governance Costs
2
Total
Operations surplus
Net gains/(losses) on investments
Net income
Fund Balance brought forward 1 January 2022
Fund Balance carried forward 31 December 2022|**2022**
**2021**
**£**
**£**
31,096
30,825
239,457
158,964
5,264
6,594
8,350
9,535
9,251
7,358|
|---|---|
||293,418
213,276|
||139,938
80,298
-
-|
||139,938
80,298|
||129,568
120,809
1,344
1,122|
||270,850
202,229|
||22,613
11,047
(9,510)
21,703|
||13,103
32,750|
||257,037
224,287
270,140
257,037|
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH**
## **NOTES TO THE ACCOUNTS FOR**
## **THE YEAR ENDING 31 DECEMBER 2022**
|**Note**
1.**INCOME**
(a) Voluntary Income
Contributions & Donations
Membership Subscriptions
(b) Income from Charitable activities
Re-homing income
**2. RESOURCES EXPENDED**
(a) Cost of Charitable activities to further animal welfare
Veterinary fees
Salary costs of welfare officer
Headquarters quota
Administration costs relating to re-homing & animal welfare
Total cost of charitable activities to further animal welfare
(b) Costs of fundraising
Shop expenses
Other
Total costs of fundraising
(c) Governance costs
Annual report and AGM expenses
Auditors fees|**2022**
**2021**
**£**
**£**
30,683
30,366
413
459|
|---|---|
||31,096
30,825|
||8,350
9,535|
||95,443
89,482
25,860
22,881
551
110
7,714
8,336|
||129,568
120,809|
||135,070
768,797
4,868
3,419|
||139,938
772,216|
||310
321
1,034
810
1,344
1,131|
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH**
## **NOTES TO THE ACCOUNTS (Continued)**
|**3. INVESTMENTS**
Market value at 1 January 2022
Acquisitions at cost
Reinvested distributions
Net gains/(losses) on revaluation at 31 December 2022
Market value at 31 December 2022
Portfolio analysis
M&G Charifund Accumulation units
**4. Debtors**
Prepayments and debtors
VAT
**5. Creditors**
Auditors remuneration
Vet assistance
Other creditors|**2022**
**2021**
**£**
**£**
189,172
148,111
12,000
12,000
9,251
7,358
(9,510)
21,703|
|---|---|
||200,913
189,172|
||200,913
187,172
6,870
10,246
3,241
1,498|
||10,111
11,744|
||1,200
800
10,509
5,016
3,189
4,865
14,898
10,681|
## **6.TRUSTEES REMUNERATION**
Trustees do not receive any remuneration or reimbursed expenses.
## **7. RELATED PARTIES**
The relationship between the Society and the Branch is complex one. The branch supports the objects of the Society to prevent cruelty to animals and to advance animal welfare and the Society in turn supports the Branch to achieve these objects.
The branch is not a related party for the purposes of the Charities SORP (FRS 102) as the Society does not control the branch which has its own management elected by its members in the area of benefit and has its own separate charity registration.
The branch purchases medical products and other items from the Society for the purposes of animal welfare and this amounted to £0 in 2022 (2021 £0).The branch also makes an annual contribution to the Regional Centre of £551 (2021 £110 )
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## **R.S.P.C.A. WOKING AND DISTRICT BRANCH NOTES TO THE ACCOUNTS (Continued)**
|**8. Shop results**
Sales - donated
Cost of sales
Overheads
Salaries
10
Social security
Rent
Waste disposal
Insurance
Heat & light
Rates
Miscellaneous
Covid/furlough grants
Operating surplus|**2022**
**2021**
**£**
**£**
239,457
158,964
-
-|
|---|---|
||239,457
158,964|
||76,817
75,337
-
2,619
41,642
39,259
4,226
2,565
854
267
4,665
2,878
1,013
288
5,853
3,897
-
(50,231)|
||135,070
76,879|
||104,387
82,085|
## **9. EMPLOYEES**
As in 2021 the Branch has three shops, each managed by a paid manager who are supported by a team of volunteers and two part time employees. The branch has an employee to carry out animal welfare and other administrative duties. No employee earned over £60,000 in 2022 or 2021.
## **10. FINANCIAL COMMITMENTS**
The Bagshot shop is held under a fixed term lease of £1,200 per month terminable on six months’ notice.
The Horsell shop is held under a ten year lease to 12 May 2030 with an option to terminate after five years. The annual rent is £13,350 until 12 May 2022and £14,350 thereafter with provision for an uplift for inflation
The New Haw shop is held under a lease to 24 March 2026 with a break clause on 25 March 2024.The annual rent is £12,500 from 25 March 2021 for two years and £13,000 for the remainder of the lease
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