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2025-12-31-accounts

Charity registration number 202025 (England and Wales)

RSPCA WOKING & DISTRICT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

RSPCA WOKING & DISTRICT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs R Lamb
Miss S Dade
Mr S Hallett
Mrs C Notley
Mrs F Slaney
Mrs V Parker
Mrs C Bailey (Appointed 13 May 2025)
Charity number 202025
Branch office 44 Grindstone Crescent
Knaphill
Woking
Surrey
GU21 2RY
Independent examiner Matthew Webb FCA
Azets Audit Services
Unit A, Woodlands Court
Truro Business Park
Truro
Cornwall
United Kingdom
TR4 9NH
Bankers Barclays

RSPCA WOKING & DISTRICT

CONTENTS

Page
Trustees' report 1 - 4
Independent examiner's report 5
Statement of financial activities 6
Statement of financial position 7
Notes to the financial statements 8 - 15

RSPCA WOKING & DISTRICT

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025

The trustees present their annual report and financial statements for the year ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

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 2025 were and continue to be in 2026:

(1) The re-homing of abandoned or unwanted animals.

(2) Helping people on low incomes with veterinary treatment.

(3) Animal welfare education.

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 benefits 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 assistance (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.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

RSPCA WOKING & DISTRICT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

The crisis in animal welfare which has occurred in the last five years continued in 2025 with more animals being abandoned and the need for veterinary treatment at affordable prices. The underlying reasons for this are the unprecedented cost of living increases, low wages, the vast increase in the cost of veterinary treatment and general moral decline and insouciance. All animal charities are doing their best to meet the challenge including the Woking branch which rehomes unwanted animals and provides financial assistance to people in its area of operations who cannot afford veterinary treatment.

There are bright spots in this gloom. People are coming forward to rehome animals and The Woking branch is supported by a large following who are prepared to foster and support fund raising. The Competition Authority is looking into veterinary costs to see what can be done to provide transparency on costs and hopefully reduce the acceleration of costs. They published on 27 January 2026 recommendations to improve transparency for charging veterinary fees. In the same report they indicated that veterinary fees had increased by twice the rate of inflation. The British Veterinary Association reported that the new rules are unlikely to bring down veterinary fees.

The Branch has responded to these challenges, but they have had a considerable impact on the resources of the branch. This matter is discussed in the Financial Review below. In 2025, £74,313 (2024 - £80,169) was expended helping people to obtain veterinary treatment. The details are as follows: Branch assisted vouchers: 317 animals (2024 - 380) Animals rehomed: 86 animals (2024 – 60) Animals neutered: 55 animals (2024– 84) Animals microchipped: 51 animals (2024– 49) Pre-home checks for animals rehomed: 60 animals (2024 – 60)

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 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 and especially the staff of Guildford veterinary surgeons.

Financial review

The total income for the year amounted to £248,479 (2024 - £251,349) and expenditure to £285,830 (2024 - £279,219) making a deficit of £37,351 (2024 deficit £27,870) before investment surplus of £21,579 (2024 surplus £4,414).

Income and expenditure are in line with last year. Our two shops produced a surplus of £44,918 (2024 - £43,111). Our new shop at New Haw is doing very well.

We recruited a new staff member in November as a fund raiser and we hope this will bring new income streams for the Branch. In January 2026 we invested in new cash tills at our two shops to generate more income from Gift Aid from items donated to the branch.

The investment policy of the branch is to maximise income on its investments but with the overriding object of preserving capital invested. Further investments will be 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 4.46% (22 April 2026). M&G have a good track record over the medium to long term and consequently the Trustees continue to believe that this the best way to preserve the reserves of the Branch for the future. To meet current expenditure in 2025 it was necessary to draw down monies from our investment. The Branch's net investment reduced by £48,000. A further £30,000 was withdrawn subsequent to year end. The trustees are exploring ways to reduce expenses to mitigate the reduction in investments.

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 2026 other than to continue to promote animal welfare in the Woking District.

RSPCA WOKING & DISTRICT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Reserves policy

The reserves policy of the Branch is to maintain a level of free reserves that will enable the Branch to ensure to cover a continuity of activities and the ability to adjust, in a measured way, to any significant change of resources. At 31 December 2025 the unrestricted funds amount to £160,811 (2024 - £176,583) which the trustees consider to be sufficient to cover the Branch's reserve policy. After deducting fixed assets, the free reserves are £142,489 (2024 - £156,167).

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.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mrs R Lamb Miss S Dade Mr S Hallett Mrs C Notley Mrs F Slaney Mrs V Parker Mrs C Bailey (Appointed 13 May 2025)

Reference and 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.

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:

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.

RSPCA WOKING & DISTRICT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

This report was approved by the trustees and signed on their behalf by Mrs Ruth Lamb.

Mrs R Lamb Trustee

27 April 2026

RSPCA WOKING & DISTRICT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 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 2025.

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.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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 financial statements to be reached.

Matthew Webb FCA

Azets Audit Services Unit A, Woodlands Court Truro Business Park Truro Cornwall TR4 9NH

27 April 2026

RSPCA WOKING & DISTRICT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted Unrestricted
funds funds
restated
2025 2024
Notes £ £
Income from:
Donations and legacies 3 30,714 35,352
Charitable activities 4 23,786 22,085
Other trading activities 5 187,088 184,987
Investments 6 6,891 8,925
Total income 248,479 251,349
Expenditure on:
Raising funds 7 156,924 153,990
Charitable activities 8 115,076 110,152
Other expenditure 12 13,830 15,077
Total expenditure 285,830 279,219
Net gains/(losses) on investments 13 21,579 4,414
Net expenditure and movement in funds (15,772) (23,456)
Reconciliation of funds:
Fund balances at 1 January 2025 176,583 200,039
Fund balances at 31 December 2025 160,811 176,583

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

RSPCA WOKING & DISTRICT

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
The funds of the charity
Unrestricted funds		 2025
£
6,965
20,910
27,875
(11,416)		 £
18,322
126,030
144,352
16,459
160,811
160,811
160,811		 2024
£
11,688
18,583
30,271
(19,664)		 £
20,416
145,560
165,976
10,607
176,583
176,583
176,583

The financial statements were approved by the trustees on 27 April 2026

Mrs R Lamb Mrs F Slaney Trustee Trustee

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

RSPCA Woking & District is a a chairty registered with the Charities Commission, and a branch of the RSPCA, registered in England (charity number 202025).

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investments at fair value. The principal accounting policies adopted are set out below.

1.2 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. The trustees are of the view that there are no material uncertainties that may create significant doubt over the charity's ability to continue as a going concern. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold improvements 10%

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Restatement of costs

Shop and other fundraising costs in note 7, welfare staff costs in note 8 and governance costs in note 12 have been restated to reallocate head office salary costs in line with current year presentation.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 30,389 34,649
Membership fees 325 703
30,714 35,352

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4
5
6
7		 Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Events and other income
Sales within charitable activities
8,006
12,735
Rehoming income
Sales within charitable activities
15,780
9,350
23,786
22,085
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Shop income
187,088
184,987
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Income from unlisted investments
6,891
8,925
Raising funds
Unrestricted Unrestricted
funds
funds
restated
2025
2024
£
£
Fundraising and publicity
Shop and other fundraising costs
156,924
153,990
156,924
153,990		 Income from charitable activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Events and other income
Sales within charitable activities
8,006
12,735
Rehoming income
Sales within charitable activities
15,780
9,350
23,786
22,085
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Shop income
187,088
184,987
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Income from unlisted investments
6,891
8,925
Raising funds
Unrestricted Unrestricted
funds
funds
restated
2025
2024
£
£
Fundraising and publicity
Shop and other fundraising costs
156,924
153,990
156,924
153,990
153,990

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Expenditure on charitable activities

Direct costs
Depreciation and impairment
Veterinary costs
Welfare staff costs
Regional contribution
Analysis by fund
Unrestricted funds
9
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 Restated
2025
2024
£
£
2,094
524
74,313
80,169
38,669
29,349
-
110
115,076
110,152
115,076
110,152
2025
2024
£
£
2,900
2,500
2,094
524		 Restated
2025
2024
£
£
2,094
524
74,313
80,169
38,669
29,349
-
110
115,076
110,152
115,076
110,152
2025
2024
£
£
2,900
2,500
2,094
524
110,152
110,152
2024
£
2,500
524

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2024 - none).

11 Employees

The average monthly number of employees during the year was:

Total employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
7
2025
£
131,886
3,147
2,676
137,709		 2024
Number
7
2024
£
126,219
5,455
2,643
134,317

There were no employees whose annual remuneration was more than £60,000 (2024 - none).

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

12 Other

**Unrestricted ** Unrestricted
funds funds
restated
2025 2024
£ £
Accountancy 2,550 4,000
Governance costs 11,280 11,077
13,830 15,077

13 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2025 2024
Gains/(losses) arising on: £ £
Change in fair value 21,579 4,414

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

15 Tangible fixed assets

Tangible fixed assets
Leasehold
improvements
£
Cost
At 1 January 2025 20,940
At 31 December 2025 20,940
Depreciation and impairment
At 1 January 2025 524
Depreciation charged in the year 2,094
At 31 December 2025 2,618
Carrying amount
At 31 December 2025 18,322
At 31 December 2024 20,416

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

16 Fixed asset investments

Cost or valuation
At 1 January 2025
Additions
Change in fair value
Disposals
At 31 December 2025
Carrying amount
At 31 December 2025
At 31 December 2024
17
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
18
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 Listed
investments
£
145,560
18,891
21,579
(60,000)
126,030
126,030
145,560
2025
2024
£
£
-
3,102
1,470
-
5,495
8,586
6,965
11,688
2025
2024
£
£
-
1,512
3,710
13,963
7,706
4,189
11,416
19,664

RSPCA WOKING & DISTRICT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

19 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2025
£
40,913
153,260
77,000
271,173		 2024
£
28,589
87,500
99,000
215,089

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).