Charity regi$tration number 205096 THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH CONTENTS Page Trustees, Report Independ8nt Auditor's Report 8-12 Consolidated Stalemenl of Financlal Activities 13 Consolidated Balanc8 Sheet 14 Charity Balance Sheet 1S Consolidated C8shflow Slatoment 16 Charlty Cashflow Statement 17 Nolos lo the financial slalemenls 18-30
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES, REPORT REFERENCE AND ADMINISTRATIVE DETAILS Trustees MrDLott Ms G Dorman Ms B Davis Ms S Collier Ms C Pop8 Ms B HaNey Ms J Russell MrCLe8 Charlty numb8r 205096 Prlnclpal addre88 174-176 Ranvilles Lane Slubbington F8reham Hampshir8 P014 3EZ Audltor Leonard Gold Chartered Accountanls statutory Audllor 24 Landport Terrace Portsmouth Hampshire P012RG Banker8 Lloyds Barnk PIC 272 London Road wal6rlooville Hampshire P07 7HN Soll¢ltorg Womble Bond Dl¢kinson IUKI LLP 4 More London Rlverside London SE12AU
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees presenl their report with the financial statements of the Charity for the yéar ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charlties.. Statement of Recommended Pracbce ISORPI applicable to Charities preparing their accounts in accordance with the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019). Legal constitutlon The charity is a separate règistered unincorporated Charitable association bul fomiing part of the RSPCA federated organlsation. The charity is governed in accordance with the RSPCA Branch Rule5 of 2012, with any subsequent minor rule changes amended by the RSPCA National Society allowed for under the RSPCA BranGh Rules 2012, subléct lo the changes being registered with the Charity Commission. Oblectlves and actlvltl•i The RSPCA Solent Branch (the Branch) earri8s out ils animal welf8re work throughout 400 square miles of Hampshire. The objectives of the Branch are to promote thè work and obl8Cts of thé RSPCA with particulaT reference lo the area of the Branch in accordance with the polic185 of th8 RSPCA. The trustees have reviewed the outcomes and achl&vem8nts of Its actlvltl8s and obl8e14v8s for the yéar to 8nsur8 the eharity remains focused on ils oharitable alms and to contlnues to dellv8r b8neflls to the publlc. The charity has complied with the duty under the Charitles Aet 2011 to h8v8 due règard to th8 public ben8fit guldance published by the Charity Commission. Under the Charllies Act 2011, the advancernent of anlmal welfare Is recognlsed as a dlsllnGt statutory Bharltsble purpDSe. Legislation and the Animal Welfare AGI Indicate an acceptance by soGlety that Ireallng living GatureS with compassion has a moral benefft for th& publi¢. The Branch's animal wélfare work. 81though local In nature, benefits the soclety at large and also aims to help people in need with the care of their 8nlmg1s. The next sectlon of thls report highlights the Branch's main activities and demonstrates the benefit provlded lo the public. All the Branch's charitable activities focu5 on promoting kindness and preventing or suppresslng cruelty lo anlmals and are undertaken to further these purposes for public benefit.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Public benefit The Branch operates a 9-acre animal rescue centre which rescues hundreds of animals every year including domestic, stock and wildltfe. The Branch supports RSPCA Inspectors and local authority dog wardens by taking in, free of charge, mlstrealed or abandoned dogs, other domestic and stock animals, including pets whose owners suffer wlth111 health, financlal dlfficultles or pass away. The Branch also takes in and treats injured wildlife. The RSPCA Inspectorate las well as providlng educatlon, information and advice) rescues animals in distress and enforces legislation against the cruel mistreatment of animals in England and Wales by bringing prosecutions. The Branch assists by accommodallng Inspectorate seized case animals pending prosecution. This work is key to the pr8venUon or suppression of cruelty as part of the RSPCA'S objectives which promotes humane sentlments towards anima15 and involve5 moral benefit to human kind. Animals in Branch care receive, as appropriate. veterinary treatment, vac¢lnallon, neutering and micro-chipping by the Braneh in-house veterinary team, Sln¢o Covld, many more dogs being rescued have behaviour issue8 which mean5 thèy ar8 In thè anlmal centre for a longer period before being available for adoption. To providé the behaviour tralning prior to rehomlng, the Branch employs Animal Behaviourlsts and an Anlmal Train8r whlch give the dogs a greatèr chance of flndlng their forever homes. The Branch rehomes animals at low cost lo people wllling and able to have a companlon animal. Whllst the Iru81ees recognise companlon animals provlde measurable benefit8 lo a person's physical and mental health, the trustees consider the provision of pets as 5ubsldlary to the maln Charitable aim of the Branch which Is lo reduce anlrnal suffering. The Branch charges a reasonable adoption fee for animals whlch alms to highlight the ongoing personal and financial commltment of pet ownership. 11 would not be in the best Interests of the animals and would fall outsld8 the eharity's objects, to rehome to persons who could not afford lo properly care for the anlmal. The Br8n¢h takes In. free of chargo, lost anlmals and attempts to reunite them wlth thelr owners. Thls work beneflts the local community, including Local Authorllies, by preventing animals straylng and posing a rfsk. The Branch responds to enquiriès, both dlrecl and via the RSPCA call centre, from the publi¢ about animals locally. The publlc benefits from knowing the Branch can intervene lo help anSmals In need. The Branch provldes a range of volunteering OPFX)rtunities for those who wish lo support the work of the Branch. including trusteeshlp, fostedng animals, asS15ting in the ¢attery, kennels and working with other types of animals, dog walking, admlnistrallon, gardening, fundraising and worklng in the Branch's charity shops. The Branch also works with companles to give their employees the opportunity lo volunteer. This benefits local people and companios by provldlng the possibility of doing work which Is compasslonate and rewarding and glving something back to soclety.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and performanGe In June 2024 the Branch's new 5tale-of-th&art cattery is due to open to dellver excellent care for cats into the futuro. In 2023 the Branch strengthened its learn with the appointment of a Fundraising & Markellng Manager, a Flnan¢8 Manager. a Finance Assistsnl and an Animal Journey Co-ordinator. The Branch implemgnled the Animal Sheller database to modernise all animal data records and for the efficient management of dats relating lo animals that come into the charity's care. The Branch held Iwo successful fair5 and 8 dinner dance durfng 2023, rals5ng much needed funds for the ¢harSty and increasing public awareness of ils work. To raise additional fvnds for the charity. the Branch operates a successful commerclal cat, dog and rabb5t boardlng operation and in 2024 will open a commercial off-lead dog walklng area for th& publ1¢. Ourlng 2023 the Branch took In nearly 700 animals comprislng of dogs, cats, rabbits and mlscellaneous anlmals including birds, goats, pigs, ferrets and other anlmals and wildlife. The staff and volunt8ers work tirelessly to car& for. Ireal and rehabilllate the animals with the aim to rehome domestic and stock animals and to release wlld anlmals. This meant providing proper vetsrlnary treatment and care lo prepar6 them for rehomlng or release and worklng to find suitable homes lo meet the naods of tho domestlc anlmals. Flnanclal revlew Prlnclpal fundlng r080urco8 The charity receives no dlr8cI fflnanclal support from the RSPCA or general fundln9 from olhor sources and Is responsible for raislng all th$ operating costs of ils rescu& ¢entrè. Funding comes from public donatlong, of whlch gifts in wills are a very impDrtant element. Other Income come8 from it$ ¢h8rlty shops, renlal income, commerGial boarding, fund raising a¢tivilie8 and adopllon fees. The trustees continue to review the finances 8nd services lo en8ure its sustainability for th• future. The Bran¢h operat8s four charity shops and an online shop to generate much needed funds and aims to open trAo more shops in 2024. Investment pollcy and obJe¢tlv88 The Branch will only hold Inve8tm&nts In secure low rlsk fvnds and will seek thè advic8 of financial advlsors. Reserves poll¢y The charity has a reseNes pollcy whloh is reviewed annually. The aim is to have unrestricted fund5 in reserve of at least 100°h of annual costs to ensure there would be suffi¢lenl funds in hand lo run the charity for a minimum of elve months If InsufficSent Income 1$ forthcomlng. The expendlture Is In Ilne wlth the oharity's key prforllles in respect of the welfare of animalg, including veterinary treatment, and ensurlng there are sufflclent funds to malntain a trained and motivated workforce.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Future plan¥ The Branch's future plans include: The completion of canv8rting the charity from an unincorporated organisalion to a Charity Incorporatèd Organisation by the end of 2024. Completion of the build and opening of the new cattery by June 2024. Opening a commorcial off-lead dog walking area. To increase sustainable income wllh a largel of opening up to four new shops withln twa years. To acqulre three cargo containers adapted for the mlscellaneous anlmal area. providing appropriate accommodation for animals such as ferrets, mice, rats etc. Conlinue to boost relatlonshlps wllh eommercial organisations to ralse awareness of the Anlmal Centr& and Ils activlties and animal welfar8 m&ssage5. Structure, governance and management Governing document The charity is constituted as an unincorporated assoclallon. The charity operates as an Independent charlty but Is a federated RSPCA braneh and Is subject lo their rules for branches. Worklng nam•8 thin the wld&r community. the RSPCA Solent Branch Is also known as Thé Stubbington Ark. The truste&s who served durfng the year and up to the date of signature of the financial st8temgnl$ w8re'.- MrDLott MS S Colller M8 C Pope M8 G Dorman Ms L Amies- reslgned 27 Jun8 2023 Ms B Davis Mr C Lee- appointed 27 June 2023 Ms B Harvey- appointed 17 January 2023- resigned 18 June 2024 Ms J Russell- appointed 17 January 2023 Mr S Jones - appointed 16 February 2023- reslgned 27 June 2023 Recruitment and appolntment of new truste•$ A committee of Iruslees is elected annually at the Annual Genoral Meetlng. Trustees are re¢rulled from exlsllng members, supporters and via third paty advertlsirig. Organisatlonal structure The Iruslees hold formal Trustee Board meetings every months. Day to day operation of the Branch is delegated to the Branch Manager who is 8SSi5ted by the Animal Centre Manager, Finance Manager, Fundraising manager and Area Shop Manager. The Branch works with RSPCA sl8ff in other RSPCA branGhes in IÉS day-to-day work and also regularly liai8es with other animal charities and Local Authorities. Induction and training of new trustees Qn beooming a Irustoe, R&PGA provide an tnformation paok and tnakes on4ine training Gourie$ èvailéble. )ere approprtate. mentoring by an established trustee is used for inducllng and training new Irustees.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Risk management ChaTIty rlsk management review- December 2023 The trustees have assessed the major risks lo which the charity Is exposed. in particular those relating to thè specific operational areas of the charity and its finances. The trustees believe Ihal monitoring reserve levels, by ensuring that controls exist over key financial systems, and by examining the operational and business risks faced by the charity, the trustees have established effective systems lo miti9ale those risks. These systems include.. Risk A¢tlon 1) Flnancial fraud a) Annual independent accounts audit bl Dual authorisation for onlln& banking 8nd signatures requlred for cheques cl Monthly reviews of financlal records d} Financial authority docum6nt detailing levels of authority 81 Documented policles bl Annual insurance maintalngd cl Effectlve maintenance of equipment dl Monthly health and safety inspectlon al all slles el H8alth and safety a primary agenda item at all Truste8 Board meet6ngs 2) Health 8nd Safety 31 Los8 Of Iruslees al Ongoing m8mbership and volunteer programme 41 Loss of key membérs of staff a) Effectlve recruilmenl Internal and external b) Development and Iralnlng of èxisting stsff cl Opportunities for staff to covér for senior staff and lor experlen¢e different departments 5) Funds deficit al Annual budgets set and reviewed monthly bl Diversifled $our¢es of income ¢1 Ongoing fundraislng activitles d) ReseNes poll¢y, which is raviewed 8nnually, alms lo have 8 mlnlmum of 12 months reserves of funds
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stat8ment of trustees, responslbllltlos The trustees are responsible for preparing the trustses, pOrt and the financial statements in accordance with applicable law and United lQngdom AGcounling Standards (United Kingdom Generally A¢¢epled Accounting Pra¢ti¢el. The law applicable to charities in England and Wales, the Charities Act 2011, Charlty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare finan¢i81 statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming re8our¢es and application of resources, including the in¢ome and expenditure, of the charity for that period. In preparing those financlal slalaments, the Irusle85 are required lo 8ele¢t SLtitable accountSng policies and then apply them consl618ntly; observe the methods and principles in the Charity SORP., make judgements and estimates that are re8$onable and Pfudent., stale whether applicable accounting s18ndartJs have been followed, subl8ct lo any malerlal departures disclosed and explalned In the financial statements., prepare the financial statements on the going concern basis unless il is inapproprlale to presume that the charlty will continue in business. The Iruslees are responslble for keepln9 proper 8ccounllng records whlch disclose wlth r8asonabl8 8ccur8cy al any tlme the financlal position of the charity and lo enabl& them lo ensure that the financlal statements comply wllh the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provislons of the trust deed. They are also responsible for safeguarding the assets of th• charity and hence for taklng reasonab16 steps for thè prevenllon and detecllon of fraud and other irregularities. The trustees are re8ponslble for ensuring that they have complied with the duty In Section 4 of the 2006 Charities Act wllh regards lo Ihe publlc benefit stslemenl. Audltor In accordance with the charity's artl¢les, a resolution proposing that Leonard Gold Chartered A¢¢ountants be reappointed as audllor of the charity will be pul at a Gèneral Meeting. Patrons Mr Francis Benall MBE Mr Amanda Piper Mr Ricky Martin Statement as to dlsclosuTQ of Informatlon to audltors So far as the trustees are aware there is no relevant audit information of which the charity's auditors are unaware and each trustee has taken all the steps that ought lo have been taken as a trustee, to make Ihemselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Approved by order of th Board of Twstees on and signed on Ils behalf by.. ott Tfustèe
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH INDEPENDENT AUDITORS REPORT TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION QF CRUELTY TO ANIMALS SOLENT BRANCH Opinlon We have audited the flnancial statements of The Royal Society for the Prevention of Cruelty lo Animals Solenl Branch I'lhe RSPCA Solent Branch'l {Ihe 'parent charity, and 115 subsidiary) for the ye8r ended 31 Decerfiber 2023 whlch comprise the consolldated ststemenl of financial activities, the Consolidated and parent balance 5h881s. the consolidated and parent statements of cash flows and notes to the financial stalemenls, including significant accounting policies. The financial reportlng framework that has been applied in thtslr preparation Is applicable law and United Kingdom Accounting Standards, including Flnancial R8POrting Standard 702.. The Financi81 Reporting Standard applicable in th8 UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pr8cllcel- In our opinion, the finanGSal slatemenls.. give a true and fair view of the slate of the charitable group and parent charity's affalrs as 8131 Decembèr 2023 and of its incoming r8sourGes and applicatlDn of resources, for the year then endèd., have been properly prepared in accordance wSlh Unllgd Kingdom Gènerally Accepted Accountlng Pr8Ctl¢e, and have been prepared In accordance wllh the requlrements of the Charltl&s Act 2011. Ba818 for oplnlon We conductèd our audll in accordance with International Standards on Audlting {UKI IISAS IUK}l and applicable law. Our rèsponsibilllles under those standards are further dèscribed in th8 Auditors r8sponsibilities for the audit of the financial statements section of our report. We are Independent of the RSPCA Solent Branch in accordance with the ethical requlremenls that are relevant lo out audit of the financial statements in the UK, Including the FRC'8 Ethlcal Standard, and we have fulfflled our other ethical responsibililles in accordance with these requir8ments. We believ& that the audll evidence we have obtained Is sufficient and appropriate to provld8 a basis lor our oplnlon. Con¢lu8lon8 relatlng to golng eoncorn In audillng the ffnancial statements, we have concluded that the Iruslee$ use of the golng concern basls ol a¢¢ounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not Id8nlified any material un¢ortainlies relating to events or Conditions that, Individu811y or collectively. may cast significant doubt on the RSPCA Solent Branch's ability to continue as a goin9 ¢oncern for 8 p&rlod of at least 1ve months from when the financ[81 Statements are authorised for Issuè. Our responsibllitles and the re5ponsibilitles of the trustees with respect to going concern are described In the relevant sections of this report.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH INDEPENDENT AUDITORS REPORT (CONTINUED) TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH Other Information The other Infomation comprises the informallon included in the annijal report other than the f Inanclal statements and our auditor's report Ihereon. The trustee5 are responsible for the olh8r information contained within the annual report. Our opinion on the financial ststements does not cover the other infom)alion and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo rèad the information and, in doing so, consider whether the Information Is materially inconsistent with the financlal slalements or our knowledge obtained In the course of the audit, or olherwlse appears lo be matorially rnisstaled. If we identify su¢h material inconsistencies or apparent material misstatements, we are required to d8termine wheth8r this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material mlsstslement of this other Information, we are requlred to report that fact. We hav6 nothing to report in this r8g8rd. Matters on whlch we ar• roqulred to report by •xe•ptlon We hav8 nothing to report in re5P8cI of the followlng mallers in relation to whlGh the Charities (Accounts and Reports) Regulations 2008 require us to rsport to you if, in our oplnion.. the informallon given in thè fin8ncial slalements is inconsistent In any malerlal respect wllh the Iru$l8es' report,. or sufficient accounting records have not been kept.. or the chari table group or parent charity's financlal slalements are not In agreement with the a¢¢ounllng records., or we have not recelved all the inform81ion and explanations we require for our audit. Responsibllltlg8 of trustees As explained more fully in thè st8t&m8nt of truslee$' SpOnsIbIlItIes, the trustees are rosponslble for the preparation of the financial statements and for bèing 8atSsfied that th&y give a true and fair view, and for sueh Intern81 ntrol as thè trustees determlne is necessary lo enable the preparation of financial slalements that are free from material mlsstatemenl, whether due to fraud or error. In preparing the financlal statements, th& trustees are responslble for assesslng the RSPCA Solent Branch's ablllty to continue as a going concern, discloslng, as applicabl6, matters related lo golng concern and uslng the going concern basis of accounllng unless the trugt8as either intend lo ce8se Operations, or have no realistic alternative bul to do so. Audltor's r•6pon8lbllltle8 for the audlt of the flnanclal statements We have been appointed as audltor under section 144 of the Charities Act 2011 and report In accordance wlth the Act and relevant regulations made or havlng effect thereunder. Our obJectiv8s are to obtain reasonable 88sur8nGe about whether the financial slat8menls a8 a whole are free from material misstalemenl, whether due to fraud or error. and to Issue an audilofs report that includes our opinion. Reasonab18 assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a materi81 misstalemenl when It exi51s. Misslalements can arise from fraud or error and are considered material If, individually or in aggregate, they could reasonably b8 expected to influence the economic decisions of users taken on the ba515 of these finan¢Sal statements.
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH INDEPENDENT AUDITORS REPORT (CONTINUED) TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH Identifylng potentlal rlsks related to irregularlties We obtained an understanding of the laws and regulations that are applicable to the charity and delemiined those which could reasonably b8 expected.. .To have a dlrecl effect on the determination of material amounts and dlsclosures in the financial slalemenls. We delermlned Ihat the mst sSgnificanl were the Charllie8 Statement of Recommended Practice IFRS102)', and • To not have a dlrect effect on the financlal statements bul compllance with whlch may be fundamental lo the charity's ability lo operate or avoid a material penalty. We determined thal the most significant were health and safety, and employment law. We enquired to management as to their own assessment of risks in relation to fraud and irregularlties and th8 Inlemal controls they may have In place to millgate the risks of fraud or non-compliance with laws and regulations., Wa evaluated manag8menVs Incentlves and opportunlty for fraudulent manipulatlon of th8 financlal stalem8nls Ilncluding the rfsk of override of Gontrolsl. 10-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH INDEPENDENT AUDITORS REPORT (CONTINUED) TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH Audlt approach to risks Idgntifled We r&vl8wed how the charity Is complying wlth laws and regulations by making enquirles to management and senior employees. This was corroborated by revSew of correspondence rec8ived from regu18tory bodies,. * We r&vl8wed the financial slatoment disclosur&s and lested to supporting documentation to asse88 complianc& with th& Charities Act and accounting standards., * We enquired lo man8gemenl concerning any actual or polentlal lillgalion and Glaims., We performed analytical procedures to Identify any unusual or unexp&ctsd relationships that may Indlcate rlsks of m8terial misstatement duè to Iraud or non ¢ompli8nce,' * W8 enquired whether manag8m8nl had any knowledge of any actual, suspected, or alleged fraud; • We tested the appropriateness of journal entries and other adluslments to assess whether the judgements made in making accounting eslimales are indicative of 8 polenli81 bias. Thls included assessing the business rational of any signiflcant transacllons that ar8 unusual or oulslde the normal course of business,. • We communlcated the risks identified and the audll approach to be taken to all ongagemenl team m$mb•r5 and remained alert lo any indicallons of fraud or non-compllance wllh laws and regulallons throughout the audll. There are inherent limitations in the audit procedures described above. Th8 furthor removed non-compllance with laws and regulatlons is from the events and transactions reflected in the financial stslemenls, th& less Ilkely we would become aware of it. Also, the r18k of not delecllng a material misslalemenl due lo fraud Is higher thar¢ the risk of not detecting one resulting from error, as these may involve collusion, forgery, intentional omisslons, mlsrepresentallons, or the overrSd8 of internal controls. We aw not responsible for preventing non-compliance and cannot be expected to delect non-compllance wlth all laws and regulations. A further d8scripllon of our responslbilities for the audit of the ftnanGlal statements is located cn the Financial Council's website at .ukla ilorsre Independent Auditor8. Thls description forms part of our Report of the A further description of our responsibilltles Is av8118ble on the Fin8ncSal Reporting Council's websitè at .fr klauditorsre This description forms part of our Report of the Independent Auditors. 11
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH INDEPENDENT AUDITORS REPORT (CONTINUED) TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH Use ol our report This report is made solely to the charity's trustees, as 8 body, in accordance wllh section 144 of the Chariti85 Act 2011 and the regulationg made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to slate to them In an auditor's report and for no other purpose. To the fullest extent permitted by law, wè do not a¢pt or assume r85ponsibility to anyone other than the charity's members as a body, for our audit work, for this report, or tor the opinions we have formed. Leonard Gold Chartered Accounlant8 Chartered Accountants Statutory Audltor 24 Landport Terrace Portsmouth Hampshlrè P012RG Leonard Gold Chartered Accountants is eligible for appointment as auditor of the RSPCA Solent Branch by virtLt& of Its ellgibility for appolntment as auditor ol a company under Section 1212 of the Companlas Act 2006. 12-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unteslricled funds 2023 Restricted funds 2023 Unrestricted funds 2022 Reslricled funds 2022 TDtsI 2023 Total 2022 Notes Inco Donallons and lega¢i 868,717 1,893 870,610 1,206,892 1,20e,892 Charilablg activities 44,950 44,950 67,967 67,967 Other tradlng acllvllieg 605.615 605.815 581,283 21,125 602,408 Inve81menls 80.940 80,940 43,147 43.147 Total In¢omé 1400 222 1402115 1899 289 1920414 ndltur RalBing funds 404,340 404.340 308,390 308.390 Clarilabl8 aclivi11gs 968.921 5,281 974,182 958.638 210 958.848 T8xatlon 274 274 5,000 5,000 Total gxpendltur6 1,373,535 5,261 1,378.796 1,272,028 210 1,272.238 Not Incomo for th& year 26,687 13,3681 23,319 627,261 20,915 648.176 Transfers 238.988 1238,9881 Net movgment in tund8 26,687 13.3681 23.319 e66.249 {218,0731 848,176 Fund balances al 1 January 2023 5,162,754 42,656 5,205.410 4,296,505 260,279 4.557,234 Fund balances at 31 December 2023 5,189,441 39,288 5,228,729 5.162,754 42.656 5,205,410 The consolidated statement of financial activities includes all gains and losses recogni5ed in the year. All incomè and expendllure d¥rive frurll cc5nlirTuiiig 3Ctivilies. 13-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed a88ets Tangible assets 12 2,319,562 2,023,125 Current as$et8 Investments Stocks Debtors Cash at bank and in hand 389.701 13.884 733,812 1896 474 13 14 12,189 727,774 2,554,223 3,033,871 3,294,186 Credltors: amoun1$ falllng duo wlthln one year 15 124 704} 111901 Net ¢urr8nl assets 2,909,167 3,182,285 5,228,729 5,205,410 Income funds Restricted funds Unrestficted funds 16 39,288 5,189,441 42,656 5,162,754 5,228 729 5205410 If - 0 6. L.fr.............. The flnan¢ial slaternents were approved by the Iruslees on ........................ Lott Trustee 14-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH CHARITY BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notos Fixed assets Tangible assets 12 2,319,562 2,023,125 Current assets Investments Stocks Debtors Cash at bank and in hand 389,701 13.884 736,221 1892,450 13 14 12,189 727,774 2 554 223 3,032,256 3.294,186 Credltors: amounts falllng due wlthln one year 15 129 756) 1119011 Net current asset8 2.902,500 3,182,285 5,222,062 5,205,410 Incomo funds Restrf¢t&d funds Unro$trl¢led fvnds 39,288 5,182,774 42,656 5,162.754 5,222,062 5 205,410 Th anclal statemen erea proved by the trustees on If.: ott Trustee 15-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH CONSOLIDATED CASH FLOW STATEMENT AS AT 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash generated from operallons 20 {22,824} 1,120,148 Investlng actlvltles Purchase of tsngible flxed assets Investments madè Investment incoma received 1326,164) 1389,701) 1400,044) 43,147 Net ¢ash used In Inve8tlng actlvltle$ 1634,9251 1358,8971 Nat (dgcrèaselllncreasg In cash and ¢a$h equlvalènts Cash and cash equlvalents at beglnnlng of ygar 1657,7491 763,251 2 554 223 1790.g72 Ca8h and ¢a$h equivalents at end of year 2 286 175 2 554 233 NOTES TO CONSOLIDATED CASH FLOW STATEMENT Reconclllatlon of net SnGomellexpgDditurel to net ca8h tlow from operatlng actlvStles 2023 2022 Surplus for the year: 23,319 648,176 Depreciation charges Dlvidends and interest from Investments {Profit}Iloss on disposal ol tangible fixed assets Taxation 29,727 180.9401 1400} 274 101,577 143,1471 87,888 5,000 Decreasellincrease) in stock Decreasellincreasel in debtors Increaselldecreasel in creditors {1,6951 (6,0381 17861 332,82D 11,3801 Net cash provided by (used inl operating aclivilies 1 120 148 Analysls of changes In net debt 2023 Cash flows 2022 Cash at bank and in hand 1,896,474 (657,7491 2,554,223 1,896,474 1657,7491 2,554.223 16
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH PARENT CHARITY CASH FLOW ACTIVITIES AS AT 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating actlvltl&s Cash generated from operations 20 126.8481 1,120,148 Investing a¢tlvltles Purchase of tangible flxed assets Investments made Investment income received {326.1641 1389,701 } 1400,044} 43,141 Net Gash used in Investlng actlvltle8 1634,9251 1356,8971 Net Idecrea$¢lllncrease In cash and cash pqulvalents Cash and ¢a8h equlvalents at beglnnlng of yoar 1661,773) 763,251 2 554 223 1790,972 Cash and Gash equlvalonts at end of year 1 892 450 2 554,223 NOTES TO PARENT CHARITY CASH FLOW STATEMENT Reconclllatlon of nat Incomellexpendlturol to net cash flow from opératlng actlvltles 2023 2022 Surplus for the year Depre¢iallon charges (Profilllloss on disposal ol18ngible fixed assets Taxation Investment income recognised Decreasellincreasel in stock Decreasellincreasel in debtors Increaselldecrease in creditors 17,008 29,727 1400) 274 180,9401 11,6951 18,4471 17,855 648,176 101,577 87,888 5.000 143,1471 (7861 332,820 11,3801 Net cash provided by (used inl operating ath'vitie5 26,848 1,120.148 Analysls of ¢hange8 in net debt 2023 Cash flows 2022 Cash at bank and in hand 1,892.450 1661,773) 2,554,223 1,892.450 (661,7731 2,554.223 17-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIVIBER 2023 Accounting policies Accounting conventlon The financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared In a¢cordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial 8lal8menls have been prepared under the historical cost onvenlion wllh the exception of investments whi¢h are included al market value. The flnancial statements have departed from the Charitles IAGcounts and Reportsl Regulation5 2008 only to the exlenl required lo provide a tru6 & view. This departure has involved following the Statement of Recommended Practice for Charilios applying for FRS 102 rather than the version of tho Statement of Recommended practice which is referred lo in the Regulations but which ha5 since been withdrawn. The financial statements ar8 prepared In sterling, which is the funGtional currency of the RSPCA Solent Branch. Charltablè funds Unr&strlcled funds can used in accordance with the charll8ble objecllves al the dis¢rellon of the trustees. Restrlcled funds can only be used for partlcular striCted purposes wllhin the oblects of the oharity. Restrlclions arlse when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund 1$ Included Sn the not85 to the financial slalemenls. ID¢ome Donallon and collection income is inclvded in the accounts when they are re¢elved or when il becomes r8ason8bly certain that11 wlll be received, and the value of the incoming resource can be measured with sufficient reliability. Legacies are recognised on a case by case basis following the granting of probate when the 8dministralorlexeculor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form ol an asset other than cash, or a financi31 asset traded on a recognised stock exchange, recognition Is subject lo the value ol the glfl being reliably measured wlth a degree of reasonable accuracy and thè tille to the asset h8ving been Iransfefred to the charity. Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receiv8ble, unlèss the asset has been fully purchased then the income is deferred. Incoming resources from charitable activities are ffcognised on the accruals basis and are included nal of any VAT tmat hés tyeen charged. Rents received are measured on an accrual basis. Interest on funds held on deposit is included when receivable and the amourEI can be measured reliably by the charity.. this is normally upon notification of the interest paid by the bank. 18
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donated goods Goods donated for resale by the charity's shops are recognised when they are sold on the basls that it is not practical to measure the fair value of goods donated at the time of donation. Goods and seNices donated to the charity for its own use are not recognised in th8 financial statements as il is not practical lo do so and the cost outweighs the benefit. The income recognlsed from such éonalions would be offset by an eqvivalenl cost, with net zero impact on the financial stalemenls. Expendlture Liabilitles are cOgniSed as expenditure as 500n as there is a legal or constwctive obligation commllling the charity to that expenditure, it 13 probable that a transfgr of eGonomic benefits will be requlred in 8elllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi$ and has been classlfied under headlngs that aggregate all cost related to the category. Where costs cannot b8 direGtSy allribuled lo particular headings, they have been allocated lo actlvities on a bas1s ¢onsislonl with the use of resources. Tanglble flxed assgts Tangible fi'xed assets are inllially measured al cost. FSxed assets costlng less than £1,000 are not capilali5ed. Whèn the asset is received by way of donation, il is recorded at115 market value on the date of donation. Depreclalion is recognised $0 as lo write off the cost or valuation of asse15 less Ihelr resldual values over their usefvl Ilves on the following basis., Freehold land Buildings Plant and machinery Motor vèhicles not depreciated Stralghl line over 50 years straight line over 3 10 S years slraighl Ilne over 5 years Freehold land and assets in the Gourse of construction are not depreciated. At 31 December 2022 the Iruslees changed the method of depreGiatlng buildings, motor vehicles and plant and equipment lo 50 y$ars {previously 100 years) straight line for buildings and 3 10 5 years 51raighl line for motor vehicles and plant and equipment (previously 150h and 250k reducin9 balance) a8 these revised methods beller reflect the charity's consumption of assets over their useful lives. The change In depreciation method is a Ghange in accounting estimate 8nd was accounted for in Ihe year ended 310ecember 2022 to bring the relnaining useful lives in Ilne with the new policy. Investments Investments are inclL¢ded at ¢ost less impairment. Stocks Slocks are valued al the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 19-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Basic financlal assets Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. Baslc flnanclal liabilltles 1.10 Creditors and provisions Creditors and provisions are reGognised where the charity has a present obligation resulllng trom a past event that will probably result in the transfer of funds to a third party and the amount due lo sell[& the obllgation can be measured or 6sllmaled reliably. Creditors and provislons are normally reGognised at their settSement amount after allowing for any trade discounts due. Taxatlon 1.11 The charity Is exempl from tsx on 11$ charitable aclivilies. Corporation tax is payable on trading 3ctlvili8s. Retlrement benefits The charlty operate5 8 defined conlributlon penslon schem&. Contributions payable to the charity's pension scheme are charged lo the statement of financial a¢livllie5 Sn the period lo whlch they relate. Srrecoverablo VAT 1.12 Dug to the nature Df the charlty's aclivilies, not all VAT is recoverable as Snput tsx cannot be atlrlbuted directly to taxable or exempt SL¢pplies. A quarterly partlal exemption calculatlon is complgled for the irrecoverable VAT. 1.14 Voluntegro In accordance wllh the charltles SORP IFRS1021, general volunteer lim• Is not rewgnised In the financlal slalemonls. There are a number of rogular volunteers as well as many more who volunteer casually and sometimes for speGifl¢ fundraising events. Further details on volunteering opporlunllles are $et out ir) the trustees, report. 1.15 AGcountlng esttmates and key Judgements In the application of the charity's accounting policies. the trustees are fftqU1d to make judgements, estimates and assumptions about carrying value of assets and liabllities that are not readily apparent from other sources. Th¢ 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 accountirsg eslimales are recognised in the period in which the estimate is fevised if the revision affects onSy fhat period, or in the period of Ihe revision and future perlods if the revision affects both the current and future periods. There aro no aGGounting eslimales that are considered to have a material impact on the amounts recognised In the financial stalemenls. 1.16 Operating leases Rentals under operating leases are charged to the statement of financial aclivilies on a straight line basis over the leas8 term. -20-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatlons and legacies Unrestricted Unreslri¢ted funds funds 2023 2022 Donations and gifts Legacies reeelvable RSPCA grant oth6r 154,075 501,616 10,000 72,326 1,121,973 10,000 2.593 570,610 1206,892 There are no conditions alla¢hed lo the grants received in the year and preceeding year. Charltable activltles Animal welfare 2023 Animal welfare 2022 Animal adoption fees Boardlng fees and police fees Vel fees 23,079 17,736 27,061 33,589 other tradlng actlvltl•8 Unr&slricled funds 2023 Reslrfcled funds 2023 Total Unrestrlcled funds 2022 RestCted funds 2022 Total 2023 2022 Comrnerciel boardlng Fundralsing events Shop Income 140,790 32,091 432,734 140,790 32,091 432,734 121.342 66,401 393,540 121,342 87,526 393.540 21,125 Total income 605,615 605.615 581,283 21,125 602,408 21
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Investments Unrestricted Unre¥tricted funds tunds 2023 2022 Rental income InteKe$t receivable 42,310 38,630 41,790 80,940 43,147 Expendlture on raising funds Costs of raislng voluntary income Unrestrlctgd Unre$tricted funds funds 2023 2022 Costs of raising voluntary inGome- staff costs DI¢1 costs of fundraising a¢llvltles 38,920 9,699 29,544 1,972 Staff costs Goods for resale Rent, rates, water and power Insurance Slalionery, postage and telephone Motor expens8$ and travel Maintenance and repairs Refuse collection Bank and credll charges Cleaning Advertising MiscellaneoLJS expense8 Legacy admin fees Allocated centrally in¢urred support and governance costs 142,867 1.388 105.801 2,323 2.034 555 3,554 5,655 8,111 929 100 S,270 20,213 56,921 129,S78 581 98,639 1,688 2,095 1,088 3,584 6,710 3,892 768 364 804 27,083 404 340 308,390 -22-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activities Animal welfare 2023 Anlmal welfare 2022 Reslaled Staff costs Oeprecialion and impairment Veterinary fees Food Rent, rates, water and power Insurance Stslionery, postage and telephone Motor expenses and travel Maintenance and repalrs Refuse colle¢lion Cleaning Clothing Miscellaneous Partial exemption adjustment Professional fees Staff fundraising costs Lossllprofitl on disposal of a$s&ts Bad debts written off 588,128 29,727 55,831 9,324 96,505 461.686 101,577 25,618 6,008 80,136 11,3761 1,659 856 27,853 12,818 7,649 2,646 10,931 19,847 1,446 5,378 37,607 14.480 12.706 1,484 1,041 134,4461 22,558 1,135 87,888 14001 841,367 850,51 S Share of support C051s (see note 8} 132.815 108,333 974,182 Analysls by fund Unreslricled funds Restrl¢tsd funds 968,921 958,638 210 974 182 958.848 -23-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Unreslricled funds 2023 Flfrslricled funds 2023 Total 2023 Total 2022 Staff costs Ir¢surance Motor expenses and travel Telephone, Postage and statSonery Auditors remuneralion Bookkeeping Legal and professional f8es Repairs and maintenance Mls¢ell8neous expenses 136,340 4,010 429 8,241 11,080 4,145 4,857 17,337 3,297 136,340 4,010 429 8,241 11,080 4,145 27,413 17,337 3,297 80.783 3,337 3,158 3,346 6,488 1,564 3,298 6,359 189,736 212,292 108,333 Tru$te08 There were no Irusle8s' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. There were no trustees, expens0$ p8ld for the year ended 310ecember 2023 nor for the year ended 31 December 2022. 10. Employee8 Group Charity 2023 2023 2022 2022 Wages ancl salarles Social security costs Other pension costs 837,008 52,967 16,031 682.079 27,351 11,738 837,C>08 52.967 16,031 e82,079 27,351 11,738 906,006 721,168 906,D06 721,168 The average monthly number of employees during the year was.. Group Charity 2023 39 2023 39 2022 39 2022 39 Defined contribution pension The amount charged to the statement of financial activities as an expense in the year was £16,03212022'. £11,378). There were no employees whose annual remuneration was more than £60.000. -24-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11. Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxatitsn of Chargeable Gains Act 1992 to the extent that these are applled lo ils charitsble oblects. 12. Tangible fixed asspt8- Group and Company Fr•ehold Buildings bulldlng & under land construction Plant and equipment Motor vehicles Totals Cost At fj January 2023 Additions Disposals 1,670,905 448,6SO 281.028 210,883 32,486 14,060 12,650 2.344,498 326,164 Al 31 December 2023 1670 905 729 678 243 369 2 668 309 Depreclatlon and lrnpalrment At 1 January 2023 Depreciation charged in the year Elimlnaled in respect of disposals 111,086 15,870 196,227 11,538 14,OSO 2,319 321,373 29,727 12,3531 (2,3531 Al 31 December 2023 126 956 207 765 348 747 Carrylng amount Al 31 December 2023 1543,949 729,678 35,604 10,331 2 319 562 At 31 December 2022 1,559.819 2023 125 12. Tanglblè fixed as$ots - contlnued Under the rules of Ihg society, the tille to fehOld land owned by the branch is ve$led in the headquarters of the society. 13. Stock Group Gharity 2023 2022 2023 2022 Medical goods and stock 13,884 12,189 13.884 12,189 25-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Debtors: amount5 falllng due within one year Group Charity 2023 2022 2023 2022 Trade debtors Legacy debtors Other debtors VAT Prepaymen15 and accrued income 12,407 546.704 18,802 144,574 3,166 623,288 7,289 80,000 12,407 546,704 18,843 146,942 3,166 623,288 7,289 80,000 14,031 733,812 727 774 736,221 727 774 There were no debtors due after mor9 than one y$ar. 16. Credltors: amounts due wlthln ong year Group Charlty 2023 2022 2023 2022 Other laxallon and $0¢Sal secuiity Other creditors Trade creditors Accruals and deferred income Corporation tax 12,842 2,035 27,419 82,408 4,789 12.842 4,78g 79,677 22,435 50,506 66,408 79,677 22,435 5,000 124 704 111,091 129 756 111091 There were no creditors due after moro than one year. -26-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 17. Movement in funds- Group InGoming resources Resources expended AI 01101123 Transfers At 31112123 Unrestricted funds Unreslrictsd funds 5 162.754 1400 222 1.373,535 5 189,441 5 162,754 1400 222 1373 $351 5 189441 Re6trlcted funds Accumulated shelter fund Pond fun Case dog fund F block fund Cal fund - Brooks Moose fund Fur and feathers 11,820 13,073 3.568 9,648 4,547 11,820 13,073 3,568 4,804 4,130 891 14,8441 14171 891 1,002 42,656 Total funds 5205410 1402 115 1378 7961 5 228.729 Comparatlve movement In fund8 Unr8$trletsd funds Unreslricled funds Designated fund - Cattery fund Designated fund Maintgnance fund 4,035,682 1.899,289 11,272,028) 499,811 5.162.754 160,823 1160,8231 100000 100 000 4 296.505 1889 289 1,272 0281 238,988 5 182 754 Restricted fund8 Cattery fund Accumulated shelter fund Pond fund Case dog fund F block fund Cat fund- Brooks 223,g88 11,820 13,073 3,778 8,070 15,000 1238,9881 11,820 13,073 3,568 9,648 4,547 1210} 1,578 4,547 260.729 2101 238 9881 Total funds 4,557,234 1,920.414 1,272.2381 5.205,410 -27-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18. Movement In funds- Charity Incoming resources Resources expended AI 01101123 Transfers At 31112123 Unrestricted fund8 Unrestricted funds 5,162,754 1334 089 1,314 069 5 182 774 5.162 7S4 5.182,774 Restricted funds Accumulated shelter fund Pond fund Case do9 fund F block fund Cat fund - Brooks Moose fund Fur and Feathers 11,820 13,073 3,568 9,648 4,547 11,820 13,073 3,568 4,804 4,130 891 14,8441 14171 891 42,656 Total funds 5,205 410 1335 982 1319 3301 5 222 062 Comparatlve movement In fund$ Unrestrlcted funds Unreslricled funds Dèsignated fund Cattery fund Designated fund Maintenance fund 4,035.682 1,899.289 11.272,028} 499,811 5,162.754 160,823 1160,8231 100 000 100 000 4.296 505 1899 289 1272 028 238 988 5 162 754 Restrict&d funds Cattery fund Accumulated shelter fund Pond fund Case dog fund F block fund Cat fvnd- Brooks 223,988 11.820 13.073 3,778 8,070 15,000 1238,988} 11,820 13.073 3,568 9,648 4,457 12101 1,578 4,547 260 729 2101 238 9881 42.656 Total funds 4,557,234 1920,414 1,272,238) 5.205 410 -28-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Pond fund A reslricled fund was created as a result of a donation lo be used for the creation and landscaping of a new pond at the animal shelter. This work commenced in the year ended 31 December 2012. Ca8e Dog, F Block funds These funds were Created by companies or Individuals sponsoring a redevelopment of an area of The Ark. Cattery fund A callery fund was created to fund the removal of the condemned existlng callery and the buSlding of a new replacement cattery. Maintsnance fund The fund ha$ been created for general maintenance needed al the Stubbin9lon Ark, Moose fund This fund has been set up to help any potential adopter of Moose the dog wllh the cost of having a Second Cruciale ligamènt repair a5 this is likely lo be needed, Fur and Feathers This fund is to raise mon8y lo replac8 all the small animal sheds and upgrade the accommodation. 19. Analys18 of net a88ets botween fundo- Group Unrestricted Reslricled funds funds Total funds 2023 Total funds 2022 Fixed assets Currenl assets Current liabilllles 2,319,562 2.994,583 1124,704) 2,319.562 3.033,871 1124,7041 2.023,125 3.294,186 1111,9011 39,288 Total Incom& 5 189,441 39,288 5.228 729 5 205,410 Analysls of net assgt$ be99n funds- Charlty Unre$tricled Restricted funds funds Total fund8 2023 Total Funds 2022 Flxed assets Current asse15 Current liabilities 2,319.562 2,992,968 1129,7561 2,389,562 3.032.25e {129.7561 2,Q23.125 3.294.186 1111,9011 39.288 Total Income 5,182,774 5.222,062 5,205 410 29-
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOLENT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20. Operating lease commltments Group Charity 2022 2023 2022 2023 Wilhln one year 8etween two and five years In over flve years 43,750 167,188 43,750 175,000 43,750 167,188 43.750 175,000 215,105 258 855 215205 258.855 21. Related party transactlons There were no disclosabl$ lated party transactions durSng the year12022.'None}. -30-