RSPCA Bournemouth, New Forest and District Branch
Annual Report and Financial Statements Year Ended 31 December 2022 Charity registration number: 205126
## Contents (continued)
|Reference and Administrative Details|1|
|---|---|
|Trustees’ Report|2 to3|
|Statement ofTrustees’ Responsibilities|4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|NotestotheFinancialStatements|8to16|
## Reference and Administrative Details
## Trustees
Mrs C Dennis
Mr P Dennis
Mr M Goff
Mr J Lethbridge, Hon. Secretary Mr S O'Connell, Chairman
Mrs S Radford, Treasurer
Mrs A Saunders
Mr R Whitham
## Principal Office
Charity Registration Number
144 Richmond Park Road Bournemouth 205126
Bankers HSBC plc 111 Poole Road Westbourne Bournemouth
## Other Officers
National Savings and Investments Glasgow GS8 1SB Mrs J Burden, Clinic Manager
Independent Examiner
PKF Francis Clark Chartered Accountants Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW
Page 1
## Trustees' Report
The committee has pleasure in presenting their report and the financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP 2019 FRS102).
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is governed by RSPCA branch rules effective 1 January 2003.
The branch is run by an elected committee who, as standard, receive no remuneration for their roles as trustees. The committee are elected each year at the general meeting by the members. The committee are obliged to hold branch committee meetings bi-monthly at least, and are both individually and collectively responsible for the management of the branch and its funds, and are, therefore, also trustees. During 2022 the Branch Secretary received some remuneration for work completed outside of his trustee role to conduct a full review of the branch as a consultant. Quotes were received from their consultancy company along with 2 others at the time. Based on his existing knowledge of the branch, his previous consultancy experience and the discounted rate he was willing to offer, it was decided by the remaining trustees that he would be best placed to conduct the work. The decision was taken to the South Central Regional board for a waiver to be granted in this instance. Further information can be found in Note 8 of this report.
## RISK MANAGEMENT
The trustees have examined the major strategic, business and operational risks to which the Charity is exposed, and can confirm that systems have been established and are in the places to enable the early identification of issues so that the necessary steps can be taken to manage those at risks.
## OBJECTIVE AND ACTIVITIES
The objects of the charity continue to be the provision of animal welfare services in the Bournemouth, New Forest and surrounding area. The Charity is an independently run branch of the RSPCA, a nationwide charity.
Financial assistance is given to the public on limited financial means for their companion animals and a veterinary clinic is held five days a week at the branch premises. Other branches of the society and certain other animal charity organisations are helped where necessary.
## ACHIEVEMENTS AND PERFORMANCE
The trustees are convinced that the achievements of the branch and the performance of the branch satisfy the objects of the charity.
In an effort to continue to enhance the effect the branch can have on animals in its locale, the trustees have embarked ona full review of branch activities, processes, capabilities and future potential. This review is designed such that the trustees will be able to ensure continued progression, increased engagement with the community and efficient use of funds to support animals in need in our local area.
Much of this activity has been developed during 2022 and will come to fruition in 2023. The output of this review will likely steer the direction of the trustee’s focus in the years to come.
Page 2
## Trustees' Report (continued)
## PUBLIC BENEFIT
The Trustees have given due regard to public benefit when planning the charity's activities, in accordance with the Charity Commission’s General Guidance on Public Benefit. The paragraphs above set out our activities, achievements and performance during the year, which are directly related to the objects and purposes for which the charity exists. The charity achieves its principal objects and purposes through providing affordable veterinary care for the public on limited financial means. These benefits are directly related to the aims of the charity and are fully compliant with Principles 1 and 2 of the Charity Commission Principles on Public Benefit.
## FINANCIAL REVIEW
The charity is maintained financially by donations, legacies and clinic collections together with branch activities. The Charity maintains an investment portfolio, together with bank deposits upon which interests and dividends are earned.
## Income overall has decreased from 2021 to 2022.
During the year, income of £163,710 (2021: £209,572) was received and expenditure totalling £216,847 (2021: £221,954) was made. Investments revaluation (loss) / gain was (£4,213) (2021: £2,657).
## PLANS FOR THE FUTURE
It is a key objective to expand the work of the Bournemouth Clinic and to treat more domestic animals where their owners on limited financial means struggle with vet bills, and often cannot afford to have them treated at all. The aforementioned branch review is to be used as a key element to increase the outreach of the branch where possible, increase engagement with the local community, improve efficiency in the processes of the branch and ensure the stability and sustainability of the branch for the future. This charity is willing to support financially other RSPCA branches in this part of the country who may be struggling.
## RESERVES POLICY
It is the policy of the trustees to maintain free reserves at a sufficient level to cover routine expenditure requirements for a period of 2-3 years if income is not sufficient to meet these outgoings and known commitments for non-routine expenditure and contingencies. At the year-end total unrestricted free reserves were £394,911 (2021: £451,202) which are deemed sufficient.
Where possible, as in previous years, the branch will assist other RSPCA branches. This is provided sufficient resources are maintained in this branch. This review is carried out annually by the trustees. As already stated, future legacy income is very uncertain and without that the vital work that is done in the local community would, without doubt, incur a substantial annual deficit. The veterinary clinic itself runs at a substantial loss because of the charging policy.
The annual report was approved by the trustees of the charity on 4....!.".!"-~ and signed on its behalf by:
Srnec Mrs S Radford, Treasurer Trustee
Page 3
## Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- « select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other[jurisdictions.]
Approved by the trustees of the charity, on ..4..171 **0** ).<and6/23.....signed on 'its behalf by:
Mrs S Radford, Treasurer Trustee
Page 4
## Independent Examiner's Report to the trustees of RSPCA Bournemouth, New Forest and District Branch
| report to the trustees on my examination of the accounts of RSPCA Bournemouth, New Forest and District Branch for the year ended 31 December 2022.
## Responsibilities and basis of report
As the charity trustees of RSPCA Bournemouth, New Forest and District Branch you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the RSPCA Bournemouth, New Forest and District Branch's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of RSPCA Bournemouth, New Forest and District Branch as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
a —_3—>-
Anne-Marie Gates FCCA FCA (a partner of) PKF Francis Clark Chartered Accountants
Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW
27 June 2023
Page 5
## Statement of Financial Activities for the Year Ended 31 December 2022 (Including Income and Expenditure Account)
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||Total|Total|
|||2022|2021|
||Note|£|£|
|Income and Endowments from:||||
|Donations and legacies|2|126,742|198,732|
|Charitable activities|3|34,830|9,845|
|Investment income|4|2,138|995|
|Total Income||163,710|209,572|
|Expenditure on:||||
|Charitable activities|5|(216,847)|(221,954)|
|Total Expenditure||(216,847)|(221,954)|
|Gains/losses on investment assets||(4,213)|2,657|
|Other recognised gains and losses||||
|Net movement in funds||(57,350)|(9,725)|
|Reconciliation of funds||||
|Total funds brought forward||622,513|632,238|
|Totalfundscarriedforward|16|565,163|622,513|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 16.
The notes on pages8 to 16 form an integral part of these financial statements. Page 6
## Balance Sheet
## 31 December 2022
|||2022|2021|
|---|---|---|---|
||Note|£|£|
|Fixed assets||||
|Tangible assets|11|170,252|171,311|
|Investments|12|129,563|133,776|
|||299,815|305,087|
|Current assets||||
|Stocks|13|12,058|12,728|
|Debtors|14|1,654|63,789|
|Cash at bank and in hand||271,189|261,765|
|||284,901|338,282|
|Creditors: Amounts falling due within one year|15|(19,553)|(20,856)|
|Net current assets||265,348|317,426|
|Net assets||565,163|622,513|
|Funds ofthe charity:||||
|Unrestricted income funds||||
|Unrestricted funds||565,163|622,513|
|Totalfunds|16|565,163|622,513|
The financial statements on pages 6 to 16 were approved by the trustees, and authorised for issue on .<.1.0.06.125 and signed on their behalf by:
Mrs S Radford, Treasurer Trustee
The notes on pages8 to 16 form an integral part of these financial statements. Page 7
Notes to the Financial Statements for the Year Ended 31 December 2022
## 1 Accounting policies
## Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## Basis of preparation
RSPCA Bournemouth, New Forset and District Branch is a registered charity, registration number 205126, registered in England and Wales. The address of the charity is given in the reference and administrative details on page 1 of these financial statements. The nature of the charity's operations and principal activities are described in the Trustees’ annual report.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have been prepared to give a true and fair'view and 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 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) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis and under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## Exemption from preparing a cash flow statement
The charity has adopted Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## Going concern
The financial statements have been prepared on a going concern basis. In the opinion of the board, the charity has sufficient working capital to continue to meet its financial obligations and pay its liabilities as they fall due for the foreseeable future. The board have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves held for the charity to be able to continue as a going concern.
Page 8
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## Judgements
Freehold property has not been depreciated because the trustees consider the high level of ongoing maintenance extends the life of the asset for an indefinite period. The trustees have considered whether any impairment has occured and are not aware of any events or matters (such as damage or exceptional deterioration) that will require a write down against the carrying value of the property.
## Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Investment income is recognised on a recievable basis.
## Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## Investment income
Investment income is recognised on a receivable basis.
## Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and Trustees' meetings and reimbursed expenses.
## Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Page 9
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Fixtures and fittings 20% Reducing balance basis
## Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out method (FIFO).
## Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Page 10
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## Pensions and other post retirement obligations
The charity provides a defined contribution plan to eligible employees.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## 2 Income from donations and legacies
|2
Income from donations and legacies|||
|---|---|---|
||Unrestricted|Unrestricted|
||Total|Total|
||2022|2021|
||£|£|
|Donations and legacies;|||
|Clinic takings|104,151|110,026|
|Collections - collecting boxes|-|312|
|Appeals and donations|19,059|29,400|
|Legacies|3,532|58,994|
||126,742|198,732|
## 3 Income from charitable activities
||Unrestricted||
|---|---|---|
||funds|Total|
||General|2022|
||£|£|
|Rental Income|10,250|10,250|
|Branch Activities|54|54|
|Grants Receivable|24,086|24,086|
|Subscriptions|440|440|
||34,830|34,830|
||Unrestricted||
||funds|Total|
||General|2021|
||£|£|
|Rental Income|9,200|9,200|
|Branch Activities|233|233|
|Subscriptions|412|412|
||9,845|9,845|
Page 11
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## 4 Investment income
||Unrestricted|Unrestricted|
|---|---|---|
||Total|Total|
||2022|2021|
||£|£|
|Interest receivable and similar income;|||
|Interest receivable on bank deposits|544|139|
|Other income from fixed asset investments|1,594|856|
||2,138|995|
|5
Expenditure on charitable activities|||
||Total|Total|
||2022|2021|
||£|£|
|Staff salaries|62,232|48,071|
|Surgery vets and nurses|59,534|73,812|
|Rates and water|1,355|1,697|
|Surgery drugs|43,664|44,152|
|Heat and light|4,639|3,481|
|Insurance|110|1,300|
|Cleaning|814|380|
|Repairs and renewals|2,334|7,951|
|Property repairs|3,680|20,617|
|Branch contribution to region|51|-|
|Grants for vetinary treatment|-|276|
|Telephone, stationary and post|2,154|2,684|
|Sundry|474|3,332|
|Depreciation|1,692|1,958|
|Card charges|2,367|1,827|
|Donations|1,000|-|
|Software support|3,273|2,971|
|Payroll Bureau|-|447|
|Garden|3,965|2,105|
|Governance costs (see note 6)|5,155|4,893|
|Clinical testing|5,235|-|
|Cremation costs|3,660|-|
|Legal and professional fees|8,757|-|
|Trade subscriptions|108|-|
|Hire of plant and machinery|594|-|
||216,847|221,954|
Page 12
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## 6 Analysis of governance and support costs
## Governance costs
||Unrestricted|||
|---|---|---|---|
||funds|Total|Total|
||General|2022|2021|
||£|£|£|
|Independent examiner fees||||
|Examination of the financial statements|5,155|5,155|4,893|
||5,155|5,155|4,893|
## 7 Net incoming/outgoing resources
Net outgoing resources for the year include:
|Net outgoing|resources for the year include:|||
|---|---|---|---|
|||2022|2021|
|||£|£|
|Independent|Examiners fee|5,155|4,893|
|Depreciation|offixedassets|1,692|1,958|
## 8 Trustees’ remuneration and expenses
During the year the charity made the following transactions with trustees:
Mr P Dennis
ENil (2021: £447) of expenses were reimbursed to Mr P Dennis during the year.
## Mr J Lethbridge
As approved by the South Central Regional Board, James Lethbridge received a total of £3,790 (2021: £nil) for consultancy work conducted outside of his standard trustee role in 2022.
No other trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
## 9 Staff costs
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
||2022|2021|
||£|£|
|Staff costs during the year were:|||
|Wages and salaries|59,188|45,138|
|Social security costs|2,270|2,333|
|Pension costs|774|600|
||62,232|48,071|
Page 13
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|||2022|2021|
|---|---|---|---|
|||No|No|
|Charitable|activities|4|4|
## No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £26,772 (2021 - £24,956).
The charity offers a defined contribution pension plan to eligible employees. During the year the charity paid pension contributions which totalled £828 (2021 - £600). At the year end contributions of ENil (2021 - ENil) were outstanding and included in liabilities.
## 10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
## 11 Tangible fixed assets
|11 Tangible fixed assets||||
|---|---|---|---|
||Land and _|Furniture and||
||buildings|equipment|Total|
||£|£|£|
|Cost||||
|At 1 January 2022|163,479|41,452|204,931|
|Additions|-|633|633|
|At 31 December 2022|163,479|42,085|205,564|
|Depreciation||||
|At 1 January 2022|-|33,620|33,620|
|Charge for the year|-|1,692|1,692|
|At 31 December 2022|-|35,312|35,312|
|Net book value||||
|At 31 December 2022|163,479|6,773|170,252|
|At31December2021|163,479|7,832|171,311|
Page 14
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
## 12 Fixed asset investments
||2019|2021|
|---|---|---|
||£|£|
|Other investments|129,563|133,776|
|Other investments|||
||Listed||
||investments|Total|
||£|£|
|Cost or Valuation|||
|At 1 January 2022|133,776|133,776|
|Revaluation|(4,213)|(4,213)|
|At 31 December 2022|129,563|129,563|
|Net book value|||
|At 31 December 2022|129,563|129,563|
|At 31 December 2021|133,776|133,776|
|13 Stock|||
||2022|2021|
||£|£|
|Stocks|12,058|12,728|
|14 Debtors|||
||2022|2021|
||£|£|
|Other debtors|-|58,744|
|Prepayments|1,654|5,045|
||1,654|63,789|
|15 Creditors: amounts falling due within one year|||
||2022|2021|
||£|£|
|Trade creditors|7,098|11,515|
|Other taxation and social security|2,164|1,266|
|VAT|4,253|2,225|
|Other creditors|1,057|-|
|Accruals|4,981|5,850|
||19,553|20,856|
Page 15
## Notes to the Financial Statements for the Year Ended 31 December 2022 (continued)
|16 Funds||||||
|---|---|---|---|---|---|
|||||Other|Balance at 31|
||Balance at 1|Incoming|Resources|recognised|December|
||January 2022|resources|expended|gains/(losses)|2022|
||£|£|£|£|£|
|Unrestricted funds||||||
|General|622,513|163,710|(216,847)|(4,213)|565,163|
|||||Other|Balance at 31|
||Balance at 1|Incoming|Resources|recognised|December|
||January 2021|resources|expended|_gains/(losses)|2021|
||£|£|£|£|£|
|Unrestricted funds||||||
|General|632,238|209,572|(221,954)|2,657|622,513|
Page 16