| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 to 7 | ||
| Report ofthe Independent Auditors |
8 to 10 | ||
| Statement of Financial |
Activities | ||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial | Statements | 15to 23 | |
| Detailed Statement of |
Financial | Activities | 24 to 25 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||||
| Notes | fund f |
funds f |
|||||
| INCOME AND ENDOWMENTS Donations and legacies |
FROM | 668,208 | 668,208 | 391,627 | |||
| Charitable activities Animal welfare |
113,631 | 113,631 | 180,132 | ||||
| Other trading activities Investment income |
298,330 43,436 |
164,596 | 462,926 43,436 |
454,827 37,668 |
|||
| Total | 1,123,605 | 164,596 | 1,288,201 | 1,064,254 | |||
| EXPENDITURE ON Raising funds |
2,107 | 2,107 | 3,616 | ||||
| Charitable activities Animal welfare |
903376 | ~22,6467 | 926,222 | 1019071, | |||
| Total | 905,483 | (22,846) | 928,329 | 1,022,687 | |||
| NET INCOME/(EXPENDITURE) | 218,122 | 141,750 | 359,872 | 41,567 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 3,250,919 | 49,517 | 3,300,436 | 3,258,869 | ||
| TOTAL FUNDS CARRIED FORWARD | 3,469,041 | 191,267 | 3,660,308 | 3,300,436 |
| THE ROY | AL | SO | CIET | Y FOR THE | PREVENTION OF CRUELT | Y TO ANIMALS | SOLENT B | RANCH |
|---|---|---|---|---|---|---|---|---|
| BALANCE SHEET | ||||||||
| AT 31 DECEMBER 2020 | ||||||||
| 2020 | 2019 | |||||||
| Notes | F | |||||||
| FIXEDASSETS | ||||||||
| Tangible assets | 14 | 1,796,824 | 1,814,482 | |||||
| Investments | 15 | 5,412 | 30,567 | |||||
| 1,802,236 | 1,845,049 | |||||||
| CURRENT ASSETS | ||||||||
| Stocks | 16 | 11,159 | 11,403 | |||||
| Debtors | 17 | 418,306 | 528,596 | |||||
| Cash at bank | and | in | hand | 1,475,769 | 969,928 | |||
| 1,905,234 | 1,509,927 | |||||||
| CREDITORS | ||||||||
| Amounts falling due within |
one year | 18 | (47,162) | (54,540) | ||||
| NET CURRENT ASSETS | 1 858,072 | 1 455 387 | ||||||
| TOTAL ASSETSLESSCURRENT | ||||||||
| LIABILITIES | 3,660,308 | 3,300,436 | ||||||
| NET ASSETS | 3,660,308 | 3,300,436 | ||||||
| FUNDS | 21 | |||||||
| Unrestricted | funds: | |||||||
| General fund |
3,208,218 | 3,150,919 | ||||||
| Maintenance | fund | 100,000 | 100,000 | |||||
| Cattery fund |
160,823 | |||||||
| 3469 041 | 3250919 | |||||||
| Restricted funds: | ||||||||
| Accumulated | shelter | fund | 11,820 | 11,820 | ||||
| Pond fund | 13,137 | 13,274 | ||||||
| Paws4Help | 10,651 | |||||||
| Case dog fund Kennel Block Fund |
3,778 8,793 |
3,778 9,196 |
||||||
| Cattery Fund |
153,739 | 798 | ||||||
| 191,267 | 49,517 | |||||||
| TOTAL FUNDS | 3,660,308 | 3,300,436 | ||||||
| The fi ncial sig d o its |
statements be by: |
were approv | by the Board ofTrustees | or~ ~ 5r on ...P.2...d.i(."..t...~(......... and were |
||||
| D ustee |
| FOR THE YEAR | ENDED 31 DEC | EMBER 2020 | |
|---|---|---|---|
| Notes | 2020 f |
2019 F |
|
| Cash flows from operating activities: Cash generated from operations |
459,356 | 541 992 | |
| Net cash provided by (used in) operating activities |
459,356 | 541,992 | |
| Cash flows from investing activities: Purchase oftangible fixed assets Sale of investment assets Interest received Dividends received |
(6,820) 61,576 396 2,467 |
(33,491) 500 225 2,811 |
|
| Net cash provided by (used In) investing activities |
57,619 | ~29,955) | |
| Change in cash and cash equivalents in the reporting period |
516,975 | 512,037 | |
| Cash and cash equivalents at the beginning ofthe reporting period |
2 | 958,794 | 446,757 |
| Cash and cash equivalents at the end ofthe reporting period |
1 475,769 | 958,794 |
| RECONCILIATION ACTIVITIES |
O | F NET INCOME/(EXPE | NDI | TURE) TO NET CAS |
H FLOW FROM | OPERATING |
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| F | 6 | |||||
| Net income/(expenditure) for the reporting |
period (as per the | |||||
| statement offinancial |
activities) | 359,872 | 41,567 | |||
| Adjustments for: Depreciation charges Profit on disposal offixed assets |
24,478 (36,421) |
24,450 4,132 |
||||
| Interest received | (396) | (225) | ||||
| Dividends received |
(2,467) | (2,811) | ||||
| Decrease in stocks |
244 | 2,868 | ||||
| Increase in debtors |
(110,290) | 483,394 | ||||
| Increase in creditors |
3,756 | ~12,384) | ||||
| Net cash provided | by (used in) operating | activities | 459,356 | 540,991 | ||
| ANALYSIS OF CASH | AND CASH EQUIVALENTS | |||||
| 2020 | 2019 | |||||
| f | E | |||||
| Cash in hand |
372 | 931 | ||||
| Notice deposits (less than 3 months) | 1,475,397 | 968,996 | ||||
| Overdrafts included |
in | bank loans and overdrafts | falling due within | |||
| one year | ~11,133) | |||||
| Total cash and cash equivalents | 1,475,769 | 958 794 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| E | F | |||||
| Other income | 44,733 | 2,058 | ||||
| Donations | and collections | (including | Gift Aid) | 110,123 | 134,878 | |
| Legacies | 411,018 | 248,426 | ||||
| Grants | 102,334 | 6,265 | ||||
| 668208 | 391,627 | |||||
| Grants received, | included | in the above, are as follows: | ||||
| 2020 | 2019 | |||||
| F | ||||||
| Other grants | 102,334 | 6,265 |
| OTHER TRADING ACTIVI | TIES | ||
|---|---|---|---|
| 2020 | 2019 | ||
| 8 | F | ||
| Fundraising | 262,514 | 83,255 | |
| Animal centre shop sales Charity shop sales |
2,643 197769 |
5,480 366092 |
|
| 462,926 | 454,827 | ||
| INVESTMENT INCOME | |||
| 2020 F |
2019 f |
||
| Rents received | 40,574 | 34,632 | |
| Dividends on investments |
2,466 | 2,811 | |
| Deposit account interest | 396 | 225 | |
| 43,436 | 37668 | ||
| INCOME FROM CHARITABLE ACTIVITIES | |||
| Activity | 2020 | 2019 f |
|
| Animal adoptions |
Animal welfare | 28,201 | 36,918 |
| Boarding fees and police fees |
Animal welfare | 72,513 | 115,945 |
| Vets fees (neutering) | Animal welfare | 12,917 | 27269 |
| 113,631 | 180 132 |
| 6. | RAISING FUN | DS | DS | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Other trading | activities | ||||||||
| 2020 | 2019 | ||||||||
| 6 | E | ||||||||
| Purchases | 2,107 | 3616 | |||||||
| 7. | CHARITABLE | ACTIVITIES | COSTS | ||||||
| Support | |||||||||
| Direct costs | costs | Totals | |||||||
| (See note 8) | (See note 9) | ||||||||
| F | E | ||||||||
| Animal welfare | 888,148 | 38,074 | 926 222 | ||||||
| 8. | DIRECT COSTS | OF CHARITABLE | ACTIVITIES | ||||||
| 2020 | 2019 | ||||||||
| F | |||||||||
| Staff costs | 543,892 | 533,857 | |||||||
| Veterinary fees | and drugs | 118,066 | 134,816 | ||||||
| Food | 6,202 | 9,463 | |||||||
| Rent, rates, water and power | 129,304 | 147,124 | |||||||
| Insurance | 4,162 | 2,812 | |||||||
| Stationery, postage and telephone |
8,645 | 8,061 | |||||||
| Motor expenses | and travel | 5,065 | 6,177 | ||||||
| Maintenance and |
repairs | 26,525 | 54,619 | ||||||
| Refuse collection | 19,891 | 27,035 | |||||||
| Cleaning | 8,267 | 8,776 | |||||||
| Clothing | 621 | 357 | |||||||
| Miscellaneous | 7,644 | 3,985 | |||||||
| Partial exemption | adjustment | 21,440 | 26,330 | ||||||
| Staff fundraising | costs | 367 | 1,535 | ||||||
| Bad debts written | off | 525 | |||||||
| Depreciation Profit on disposal |
ofassets | 24,478 ~36,4217 |
24,450 4 132 |
||||||
| 888 148 | 994 084 | ||||||||
| 9. | SUPPORT COSTS | ||||||||
| Governance | |||||||||
| Finance | Professional | costs | Totals | ||||||
| 8 | E | F | |||||||
| Animal welfare | 4,219 | 26,875 | 6,980 | 38074 | |||||
| 10. | AUDITORS' REMUNERATION | ||||||||
| 2020 | 2019 | ||||||||
| F | |||||||||
| Fees payable to the charity's |
auditors | for the audit | ofthe | charity's | |||||
| financial statements |
6,980 | 10,612 |
| There were no trustees' expenses paid for year ended 31 De December 2019. |
cember 2020 nor for the year ended 31 |
|---|---|
| STAFF COSTS | |
| Total Staff costs comprised: | |
| 2020 | |
| 6 | |
| Wages and Salaries | 508,191 |
| Social Security Costs | 27,051 |
| Pension Costs | 8650 |
| 543,892 |
Amount charged to the SOFA as an expense in the year 68,650 (2019f8, |
Amount charged to the SOFA as an expense in the year 68,650 (2019f8, |
Amount charged to the SOFA as an expense in the year 68,650 (2019f8, |
092). | |
|---|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
||||
| Unrestricted | Restricted | Total funds | ||
| fund | funds | |||
| E | 6 | |||
| INCOME AND ENDOWMENTS | FROM | |||
| Donations and legacies |
371,627 | 20,000 | 391,627 | |
| Charitable activities |
||||
| Animal welfare |
180,132 | 180,132 | ||
| Other trading activities |
454,029 | 798 | 454,827 | |
| Investment income |
37,668 | 37,668 | ||
| Total | 1,043,456 | 20,798 | 1,064,254 | |
| EXPENDITURE ON | ||||
| Raising funds | 3,616 | 3,616 | ||
| Charitable activities |
||||
| Animal welfare |
994,754 | 24.317 | 1 019071 | |
| Total | 998,370 | 24,317 | 1,022,687 | |
| NET INCOME/(EXPENDITURE) | 45,086 | (3,519) | 41,567 | |
| Transfer between funds |
||||
| 45,086 | (3,519) | 41,567 | ||
| RECONCILIATION OF FUNDS |
||||
| Total funds brought forward | 3,205,833 | 53,036 | 3258,869 | |
| TOTAL FUNDS CARRIED FORWARD | 3,250,919 | 49,517 | 3,300,436 |
| FOR THE YE | AR ENDED 31 DEC | EMBER 2020 | |||
|---|---|---|---|---|---|
| TANGIBLE FIXEDASSETS | |||||
| Freehold | Plant and | Motor | |||
| property | machinery F |
vehicles f |
Totals f |
||
| COST | |||||
| At 1 January 2020 Additions |
1,748,050 | 367,035 6,820 |
14,060 | 2,129,145 6,820 |
|
| Disposals | |||||
| At 31 December 2020 | 1,748,050 | 373855 | 14,060 | 2,135,965 | |
| DEPRECIATION | |||||
| At 1 January 2020 Charge for year |
34,893 8,707 |
266,537 15,564 |
13,233 207 |
314,663 24,478 |
|
| Eliminated on disposal |
|||||
| At 31 December 2020 | 43,600 | 282 101 | 13 | 440 | 339 141 |
| NET BOOK VALUE | |||||
| At 31 December 2020 | 1,704450 | 91754 | 620 | 1796824 | |
| At 31 December 2019 | 1,713157 | 1110,498 | 827 | 1,814,482 |
| FIXEDASS | ET INVE | STME | NTS | ||||
|---|---|---|---|---|---|---|---|
| Unlisted | |||||||
| investmentsf | |||||||
| MARKET VALUE | |||||||
| At 1 January Disposals |
2020 | 30,567 (25,155) |
|||||
| At 31 December 2020 | 5,412 | ||||||
| NET BOOK | VALUE | ||||||
| At 31 December 2020 | 5,412 | ||||||
| At 31 December 2019 | 30,567 | ||||||
| There were | no investment | assets outside the UK. | |||||
| Investments | (neither | listed | nor unlisted) | were as follows: | 2020 | 2019 | |
| f | F | ||||||
| Shares | 5,412 | 30,567 | |||||
| 5412 | 30,567 |
| 16. | STOCKS | ||||
|---|---|---|---|---|---|
| 2020 6 |
2019 f |
||||
| Finished goods | 11,159 | 11,403 | |||
| 17. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | ||||
| F | |||||
| Trade debtors | 5,407 | 6,667 | |||
| Other debtors | 390,059 | 495,636 | |||
| VAT | 5,803 | 7,539 | |||
| Prepayments | 17,037 | 18754 | |||
| 418306 | 528,596 | ||||
| There were no debtors | due after more than one year. | ||||
| 18. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2020 | 2019 | ||||
| F | |||||
| Bank loans and overdrafts | (see note 19) | 11,133 | |||
| Trade creditors | 11,573 | 18,768 | |||
| Social security and other taxes | 7,741 | 6,778 | |||
| Accruals and deferred | income | 27,848 | 17,861 | ||
| 47 162 | 54,540 | ||||
| There were no creditors due after more than one year. | |||||
| 19. | LOANS | ||||
| An analysis ofthe maturity | of loans is given below: | ||||
| 2020 f |
2019 | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank overdraft | 11,133 |
| ANALYSIS O | F | NET ASS | ETS B | ETWEEN FUNDS | |||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Total funds | Total funds | ||||
| fund | funds | ||||||
| f | f | ||||||
| Fixed assets | 1,796,824 | 1,796,824 | 1,814,482 | ||||
| Investments | 5,412 | 5,412 | 30,567 | ||||
| Current assets Current liabilities |
1,713,967 ~47,762) |
191,267 | 1,905,234 ~47,762) |
1,509,927 ~54,540) |
|||
| 3469041 | 191,267 | 3660,308 | 3,300,436 | ||||
| MOVEMENT | IN | FUNDS | |||||
| Net | Transfers | ||||||
| movement in |
between | ||||||
| At 01.01.20 f |
funds f |
funds f |
At 31.12.20 | ||||
| Unrestricted | funds | ||||||
| General fund |
3,150,919 | 157,299 | (100,000) | 3,208,218 | |||
| Maintenance | fund | 100,000 | 100,000 | ||||
| Cattery fund | 60,823 | 100,000 | 160,823 | ||||
| 3,250,919 | 218,122 | 3469,041 | |||||
| Restricted funds | |||||||
| Accumulated | shelter fund | 11,820 | 11,820 | ||||
| Pond fund | 13,274 | (137) | 13,137 | ||||
| Paws4Help Case dog fund F block fund |
10,651 3,778 9,196 |
(10,651) (403) |
3,778 8,793 |
||||
| Cattery fund |
798 | 152 941 | 153,739 | ||||
| 49,517 | 141,750 | 191,267 | |||||
| TOTAL FUNDS | 3,300,436 | 359,872 | 3,660,308 | ||||
| Net movement | in funds, | included | in the above are as follows: | ||||
| Incoming | Resources | Movement in |
|||||
| resources f |
expended F |
funds f |
|||||
| Unrestricted | funds | ||||||
| General fund |
1,123,605 | (905,483) | 218,122 | ||||
| Restricted funds | |||||||
| Pond fund | (137) | (137) | |||||
| Paws4Help | (10,651) | (10,651) | |||||
| Case dog fund F block fund Cattery fund |
164,596 | (403) ~11.655) |
(403) 152 941 |
||||
| TOTAL FUNDS | 1 408,509 | ~928 329) | 359,872 |
| At 31 | December 2020 the total ofth | e Charity's future following |
payments |
|---|---|---|---|
| 2020 | 2019 | ||
| Less | than one year | 56,682 | 8,500 |
| One | to five years | 185,417 | 156,250 |
| More | than five years | 127,604 |
| THE ROYAL SOCI | ETY FOR THE PREVENTION OF CRUELTY TO ANIMA | ETY FOR THE PREVENTION OF CRUELTY TO ANIMA | LS SOLENT | BRANCH |
|---|---|---|---|---|
| DETAILED STATEIIENT OF FINANCIAL ACTIVITIES | ||||
| FOR | THE YEAR ENDED 31 DECEMBER 2020 | |||
| 2020 F |
2019 f |
|||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Other income | 44,733 | 2,058 | ||
| Donations and collections |
(including | Gift Aid) | 110,123 | 134,878 |
| Legacies Grants |
411,018 102,334 |
248,426 6265 |
||
| 668,208 | 391,627 | |||
| Other trading activities |
||||
| Fundraising | 262,514 | 83,255 | ||
| Animal centre shop sales Charity shop sales |
2,643 197,769 |
5,480 366662 |
||
| 462,926 | 454,827 | |||
| Investment income |
||||
| Rents received | 40,573 | 34,632 | ||
| Dividends on investments |
2,467 | 2,811 | ||
| Deposit account interest | 396 | 225 | ||
| 43,436 | 37,668 | |||
| Charitable activities |
||||
| Animal adoptions |
28,201 | 36,918 | ||
| Boarding fees and police fees Vets fees (neutering) |
72,513 12,917 |
115,945 27,269 |
||
| 113,631 | 180,132 | |||
| Total incoming resources |
1,288,201 | 1,064,254 | ||
| EXPENDITURE | ||||
| Other trading activities Animal centre goods for resale |
2,107 | 3,616 | ||
| Charitable activities |
||||
| Wages Social security |
508,191 27,051 |
504,782 20,983 |
||
| Pensions | 8,650 | 8,092 | ||
| Veterinary fees and drugs Food |
118,066 6,202 |
134,816 9,463 |
||
| Rent, rates, water and power Insurance |
129,304 4,162 |
147,124 2,812 |
||
| Stationery, postage and telephone Motor expenses and travel Maintenance and repairs |
8,645 5,065 26,525 |
8,061 6,177 54,619 |
||
| Carried forward | 841,861 | 896,929 |
| FOR THE YEAR ENDE | D 31 DECEMBER 2020 | |
|---|---|---|
| 2020 | 2019 | |
| f | F | |
| Charitable activities |
||
| Brought forward Refuse collection |
841,861 19,891 |
896,929 27,035 |
| Cleaning Clothing Miscellaneous |
8,267 621 7,644 |
8,776 357 3,985 |
| Partial exemption adjustment Staff fundraising costs Bad debts written off |
21,440 367 |
26,330 1,535 525 |
| Freehold property Plant and machinery Motor vehicles Profit on sale ofassets |
8,706 15,565 207 ~36,423) |
8,706 15,468 276 4 132 |
| 888,148 | 994,054 | |
| Supportcosts | ||
| Finance | ||
| Bank charges Professional fees |
4,219 26,875 |
4,350 10,055 |
| 31,094 | 14,405 | |
| Governance costs |
||
| Auditors' remuneration |
6,980 | 10,612 |
| Total resources expended | 928,329 | 1,022,687 |
| Ntexenditure | 356.672 | 41.567 |