RSPCA Bournemouth, New Forest and Dlstrlct Branch Annual Report and Financlal Ststsments Year Ended 31 December 2023 Charity regi8trntion numbor. 205126 Contents (continued) Trustees. Rwwyt 2to3 Independent Ex•71inrf$ Rep Nolos to tho FIn￿¢181 8t016 Reference and Administrative Details Mr5 C Dennis Mr P Dennis trMGoff Mr S Ofonnel. Chaimwn Mrs S Radford, Tre88urer Mr R Whitlwn 144 P¥k Ro*J Prfnclpal Ollk• Ch•rlty R•gl•trI￿¢>￿ Numlw %J5126 B•nk•r• N•lkn•l S&4ngs Investments Glasgow GS8 1SB CAF ME19 4JQ Mrs J Bur￿. Cank Manag Ind•p•nd•nt Exwnln•r PKF Fr8nci8 Clark TcNmgate House 8H15 2PW Trustees, Report The committe8 have thure in presenting their rW and the finarKig1 stalwnents for Ihe year a￿)untIng pdi¢w $6t out in nL*e 1 to the accounts and corn￿ *ith the chartys trusl deed, the Charrties Ad 2011 *wJ Accwntsw and Rep￿ by Ch￿rt￿.. St*emenl af Re¢4>nmerKled Practice (SORP FRS1(Y2). STRUCTURE. 130VERPIANCE ANO IAANAGEMEKr eath ygw at the qewal m08ting by Ihe rnWnb￿. Th• committee are oblffjtsj to hokl branth ommittee meeb'ngs at lea81 ¢xKe in ￿Y 3 mryrth Pe￿￿J, and are bth individualty and responsible lor the management of the branth and its funds. and aT•. theroftye, alw truste￿. RIIIK I￿ANAGe￿ilT The Iru6tee8 have exambmd the mw Strategi opwakna rfsks to whkh the Charity OWECTIVE AND ACTMTIE3 New F¢xe8t and wffoundlNJ 8rA Ch*ty branch of the RSPCA. a nationwde chwity. Financial assistance li given to tho p￿lie on limlled finartbal mo￿8 for thew companion anim818 and a veterinary dinic rs hekl fve days a week at Ihe branch premisos. Other bran¢has of tho so• and certain other ani71al charty ¢ygani8•tion$ ￿ hdptrl 7*hwe ACHIEVEMEIITS AND PERFORMAPKE Obl•ctp￿ of th• th*ly. In an effort to corrtinue to enhanca I￿ •ff•(* tho brwKh cw have ￿ an¥nds in ils kxalè, tha trusts•• have emb8thed crf7 8 full re¥￿ ol branch prfxe888s. eapabiliknts and future FKtsntKal dunno 2022 and into 2023. This was dewgned such that the trustees 4)18 to continued progre68ion. irKreased engogwnent wilh the arwj 8ffic*rt ol to wpport anlmals in neod in our local aro& Much of this reyiv* wa8 conducted durirKJ 2022. wthed on during 2023 and WMI conllnue to implemented over the ccrfning years. The outc(xntt of Ihis review vary from short to long term projects that will be imfviented in order of wity detemiined by the board of trustees. Tho outyLrt of this PU8UC 8ENEFrr The Tru8te83 h*48 gi¥an duè rngard to bendt ¥then planning the chwW8 *aivltkJ, in accordance wrlh the Chaiity Corrfftws8M'8 General GumIan￿ ffi Pd)lic BenofiL are directly related to the th'eds and pury)c4e8 for *thich the ch*ity exists. The charity achieves its principal c4.ects *KI purpo¥es through FYV4Kling afftydable velerinary care for the publ￿ on limrted finan￿1 mgan& These benefts are dKectty rel&ed lo the awm al the charity arAI are fulky COM￿nt with Principles 1 and 2 ofthe Chaiity Corr1n￿*￿ Pmc*s Pthlic Benef Trustees, Report (continued) FINANCIAL REVIEW The tharity is maintarned by dc￿. kgaw a￿1 cL¥Nc coll8cti￿8 together with branch acknvitie& The Charty Ma￿n6 an inbwtsnent ttyether with bank deposits upon wthich Income from th￿stIOnS (genernl clin￿) leg*8s hats rKI￿ad frcffi 2022 10 2023. ring the year. income d £284.483 {2022.. £163,710) was rKep•ad and exT￿nditUre totaling £253.057 {2022.. E216.84n m•l•. Inw•1M￿ r•vakwkn ￿11 l (1￿> £650 (2022." 1£4.213)1. PLANS FOR THE FUTURE It is a key Obj'ecti￿ to expand the wtyk of the Clinic and to trgat more anunais %there their owners on llnrted ffinanu81 means struggle wth vet bills, and often cannot afford to have them treated at al. The Oforem￿oned branch ￿laW is to be used 88 a kèy element to increase the 8fficiency in thè woc¢808s of the brarKli the ¥tabthty and sustarthlty of the branch for the futur•. This chartsi i• ￿1￿9 to cAher RSPCA br•Kh81 in this part dthe county who may b• •truggllng. RE8EAVES POUCY tt18 the poly ofthe tru•tees ts mawrtain froe at a WffiCA￿ level to cw rwlin• •xpenditure requirements for a 2.3 rf incomtr bs wfficiwrt to meet the￿ Wn98 and known commitment8 for non4outK* expondrtur• ¢ on page 1 of fina￿￿1 •tslwn•nts. Th• natur• of tho ch*itys operntion• and pmcipd actrrtim are dewibed in TnJIt￿I, •nnual rwL The ¢h81ity cty)**ut•8 a b•nrfrt dafr￿d by FRS 102. Charit*B IA¢counts and Repryts) 2(MJ8 ￿ to the extent roquirod to probrydè a trno and fair vivw.This dwartyr• has in¥(thd Ihe Acc¢unting and Rwing by Chwiti98: Sl•ement of Recommended Pfacts'ce app1Kab￿ to Chanth￿ prwng their accounts in acco￿anCe wtlh the Fin8n¢ial R¢porting St¥nd8rd applic*)le in the UK and Repubhc of Ireland {FRS 1021 itsued on 16 Juty 2014 rather than the Acc￿n￿r￿j and Raportmg by Ch8ritM.' Stathent d RecOm￿ded convenll(n, rnodlfied to Include c￿aIn Ilem• at lalr valu6. Th• finandd statun0￿ are prepared In sterling which is the fundwal cuThency of th? chwty and rounthl to the newest £. The chanty h88 Bullolin 1 pU￿1$h￿l ry12 Fa￿￿Y 2016 and h*¥• thero14xe n(* WKluded ¢8oh flow statement in finwKial *atam The financial Staton￿ been prepwed on a going ¢(xK•m baw. In tho CPniDn of the board. the charity has 6uffwrt **y￿ng to c(Ytsiue to meet ffinan¢01 oblgatws and pay its and the exprftwj level of income arKI eXPw￿l1Ure for 12 m(xths frryn auth￿iS￿n9 these financial statement8. The budgeted income and expenditure is SuirK￿ *ilh the reserves hekl for the Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Judg•m¢nts Freehotd property has not been d¢prwthl b￿ause the trustee6 ¢￿ider the huh level of ongoing maintenance extends the life ol the astset for a) i￿le￿n￿e per￿. The trustees have emNJered wh¢lh•r any impaiTmeT)t hes OCCUTed and are of ￿Y w¢nls or matteTS (¥￿h as dwnag• Qf Voluntary income induding donaths. gifts. le9￿8 and grants that provmle core funding or are of general nature is recognised the ¢th￿lty ha6 antit1th￿ io the rt 15 that the Investm¢nl Inc(*Y* 1$ r•cogn￿•d M 8 T￿￿able basis. Donations and Wies are recowiMd on a re¢w4th b#KI T*hen IB probable and th• Grnnts rn¢•fvabl• Grants are recognised *fien the cha1￿Y h88 an ertknent to the furKls and ary oJndition8 link•d to the grant8 havts been mat. Whérn [￿rfO￿lanCe conditNJns are attxhed to thè grant and are yel to be released. Investment inc¢Th is rwnised ￿ a rKer4able ba81& Exp•ndlluv• All expenditure is recogni8ed oncè thèrn 18 a 18gal ty ¢(￿$1[ucli¥e oblwtKm to that oxporKliture, il IB probabl• 58tU8m•nt i¥ rnqUiT•(18nd ￿OUnt can be m4)1￿r0d Teh&ty. Al costs we alkncated to Ihg applKabl¢ eynditur• headry Ihal aggwkn simdw costs to Ihal c•tegory. Whwe tO8t8 cannol be directty att￿uted to partthlar headings they have been albocaled on a basis C￿sIstent with the U88 ol resources. ￿th central Staff costs alcKaled on the ba%$ of twne spent, and depreciation spread of staff cc*ts. Charitsble expendrture comprises th088 Costs incurrgj by the tharity in the delivery of rts artivities and services lor its bonthjrn. It indudes bLth costs Ihat (xn bo to such x11￿￿¢• Govornan￿ costs requirements, induding audrt. stra* Manag￿￿rt and Trustees. w￿n98 and reimbursed Irr•cov•rnbh VAT Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) The charity is considwed lo pass tho 188ts 581 wl in Parngraph 1 6 cd th& Finance Act 2010 and theref￿e it meets the def￿A￿7n of a chaiil*A? for UK cowakn tax purposes. Accordingty. the chavty is pol* exunpl from lax*ion in T8W*Ct of incorn Of caprtal gains received within c*egryies covered by Chapter 3 Part 11 of the Tax Ad 2010 or Sethon 256 of the Taxation of Charge*Jle G￿3 Ad 1992. to the extent thal SLKh inccffie or gains are app￿.¢(1 exdu•i¥* to charrt*Ae P￿￿K>￿. èstimated re8￿U81 vakw. ¢y4er th•'r exF￿led usehl as folthvs: Asset class Fixtures and fftlky D•pr•cl•tloTr mrthod and r•1• 2￿ Reducing balance basi¥ Fixed as¥et investments, rjhw than progvwTh *idtyJod at mathfjt value at the balance sheet d8t8. Realised 98ins and 10s58s invejtrnents ￿ calculated as the drflernnce be￿￿n s81gs prcceeds and their market value at Ihe start crf Ihe or thth'r #ubsaqufjnt co*, and 8r• charg•d or uedited to the St•twn•nl of Financ￿1 AthVilI￿ in th• of dyo8al. Unfoalloed gain• WKI k)￿8 fwe••nt th• mob•nwrt in mrdket ¥￿06 d￿Ing the yaar 8nd 8re Stock Stock i¥ vdued at the Lrf cort e•t¥natsd pr￿1088 ¢O•ts to aThd Jell, after due regard for obsolete and slvAt moviThJ glcK*•. C￿1 1$ dknmmd ￿lI¥j the firnt4n. rn￿h￿l {FIFO). C••h and ca•h •qulv•l•nts Cash and cash fjqUNthnts compli￿ cash on hand eal dtipJsit8. aTh3 dhef short4emi highly liquid investment8 that are readily convwthlo to a kno￿ amount of cash and are gu4'0¢1 to an insignffic8nt risk rf thange in value. Trad• cr•dllorn Trade cTedrtors to pfiy fof 9(￿* (W •WVKXS that have been aCqU￿ed In the ordinary c￿18• of bu8inoss frryn suppliws. ACCI￿nts payth are da681r￿d as ¢uffenl habilrtw rf the charity creditor for at leasl Iwelve n￿nthS after the fep(xts'ng d*8. If there is an unconditional right to defer liabiliti.es. amortised cost usiw the effe￿1￿ intere8t mpAhod. Fund ¥lructur• Unrestricted inc(Th funds are fund8 that arn avalable for u80 al trustoe's discretion in furtherance of the obj'ectrves of the charity. Page 10 Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) P•nslon• and other post v•tlr•ffl•nt obllgau￿8 The thaiity PryY4Kl¢8 a defir*d to are due. If payTnents exceed the C0ntnb￿ due for ser¥ts. thfj excess is recognisad as 8 prepayment. Totsl 2023 Total 2022 Donati¢)ns and legacies: Appear8 and don*th• Legac Grnnts. g 4,014 2.764 3,532 33,094 24,088 102.108 30,382 fund• G•n•rnl Tot•1 2023 Clinic tsking8 Branch ACIMI t42.634 22.424 142,634 165.058 165,058 Unr•strlct•d funds Gonernl Tot•1 2022 c￿nic t*ing$ Branch Acti¥il 104,151 16,789 120,940 104,151 16.789 120.940 P•3e11 Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Totsl 2023 T¢>tsl 2022 Interest receNable *)d Similar income: Interest Teceivable on dep(wts 2.473 1.594 5.817 6 Exp0ndl￿r• on ch•rh•bh •ctlvl Totsl 2023 Total 2022 82,232 59.$34 1,355 43.664 4,639 110 2,334 814 3.680 51 Surgery vets and nurses Ratel and water Surgery dnJgs Heat arKI ￿lhI Insuranc Repair8 and Ten￿ Cleaning Prcperty rylrn Branch contr*ution to r•w Staff Training Telephone, KKI polt Sundry Depreciation Card charge8 87.456 2,933 1.207 2.274 1,237 3,553 125 2,241 2,154 474 1.692 2.051 3,122 1,000 3.273 5,235 3,660 3,965 594 8,757 5,155 Software $UKwI Clinbcal te8tiTrJ cr￿all0ft co•1• Garden Hwe of plgnt and mxhinwy Leg818nd profe68ional fe88 G¢)vgMar￿O Costs (sw 6 Trade ¥ub5ryipb(m 4,475 6,410 3.787 2,126 1.035 6,315 4.890 253,057 216.847 12 Notes to the Financial Statements for the Year Ended 31 De￿rnber 2023 (continued) Unrnthct•d lunds G•nernl Tot•1 Total 2022 Independent examiner fee¥ 4.lJ90 5.155 4.8 4,890 5.155 7 N•t Incomwoutgolnq r•Kwrc•• Independent E￿Minern fea DeprecIati(￿ of fixed assets 4,890 2.051 5,155 1.692 No Iru8tees, nor any per￿8 connected with th￿, have recal￿d ￿ rernunerntion from the charity during the Y￿r. No Iru•tee• haw rKaivod ary rnirtiurled wonM• or any th benafA• the ¢￿rity during th• 2022 Staff costs durlng th• y••r TM•r•: Wages and salaries SIX￿1 8e¢urity Pensm costs 65.019 4.614 1,247 70.880 59,188 2.270 774 62.232 chanty during the year tKas as 2023 1022 No Chaiitable xli¥lies Page 13 Notes to the Financial Statements for the Year Ended 31 De￿mber 2023 (continued) £28.772}. The chafity offern a defi￿1 ¢MtribUlM￿ p￿81￿ pkn to ethgl)1g wn￿. Durng the year the thanty paid pansion contributtons which totsl8d £1.247 (2022 . £774). At ond contributic*)8 of £Nil12022. £N4} Wefe (Xrtlt￿￿'n9 w>J irn*Aed in kn"lli%. 10 Tax•llon The charity is a registered chty and is therefm exeryt from taxthi. 11 T•nglbl• Ilx•d a•••ts Land and Furnllur• and •￿Ild*V •qulpm•nt Totsl C¢)•t At 1 January 2023 Additions 161479 42,085 205.584 3,481 3,481 At 31 Dec•rrkn 2023 45.$68 D•prncl•lloTr At 1 January 2023 Charge for the At 31 Decwthr 2tr23 35.312 2.051 35.312 2,051 37.363 37.363 N•t book v•k At 31 December 21Y23 163.479 8.203 171.682 At 31 Decemb8r2022 163,479 6.773 170.252 Prye 14 Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 2019 2022 Other In¥¢8tments 130,213 129.563 Llsted IDv•Btment• Total Ci*t or V•lu•Uon At 1 January 2(r23 129.563 650 129.563 650 At 31 DecwTts 21r23 130.213 130.213 Nat book value 130.213 130,213 At 31 Decembor 21Y22 129,563 129,563 13 Stoek 2022 11.653 12.058 14 D•btor• 2023 2022 Prepasfjnents 1,654 15 Crndftorn: amoun1• fallng du• t*tthln om y•w 2022 Trado CTrylrt¢rs other t8xats.on and aocial 8ecurity VAT 9.on 2.761 6.659 1.301 7,098 2.184 4,253 1.057 4.981 24.470 19.553 P•p15