## **RSPCA Bournemouth, New Forest and District Branch**
**Annual Report and Financial Statements Year Ended 31 December 2025** Charity registration number: 205126
## **RSPCA Bournemouth, New Forest and District Branch**
## Contents (continued)
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 18|
## **RSPCA Bournemouth, New Forest and District Branch**
## Reference and Administrative Details
**Trustees** Maria Cutler Mrs C Dennis Mr P Dennis Mr M Goff Mr J Lethbridge, Hon. Secretary, Treasurer Mr S O'Connell, Chairman Duane Farr **Principal Office** 144 Richmond Park Road Bournemouth **Charity Registration Number** 205126 **Bankers** National Savings and Investments Glasgow GS8 1SB CAF Kent ME19 4JQ **Other Officers** Mrs J Burden, Clinic Manager **Independent Examiner** PKF Francis Clark Chartered Accountants Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW
Page 1
## **RSPCA Bournemouth, New Forest and District Branch**
## Trustees' Report
The committee have pleasure in presenting their report and the financial statements for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the 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 receive no remuneration. The committee are elected each year at the general meeting by the members. The committee are obliged to hold branch committee meetings at least once in any 3 month period, and are both individually and collectively responsible for the management of the branch and its funds, and are, therefore, also trustees. In practice, the Trustees meet bimonthly to ensure the proper running of the Charity.
During the course of 2025, the Trustees undertook a huge amount work to change the charity to a Charitable Incorporated Organisation (CIO), as the National RSPCA are supporting all branches to convert to a model which gives a limit to the liability of the Trustees. CIO’s are also a legal entity in their own right, and able to own assets, employ staff etc. With the support of staff at the National organization, RSPCA Bournemouth, New Forest and District Branch was registered as a CIO in July of 2025. Work continued during the year to transfer the assets to this new entity, this was completed (excluding the property) in February 2026.
## **RISK MANAGEMENT**
The trustees have examined the major strategic, business and operational risks to which the Charity is exposed and a Risk Register has been established and is regularly reviewed in order to highlight any risks that the Charity may be exposed to, along with steps for mitigation.
## **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 and performance of the branch satisfy the objectives of the charity.
During 2022 and 2023, a review was conducted to understand the activities of the branch and it’s challenges, and this still guides much of the work of the Trustees.
Page 2
## **RSPCA Bournemouth, New Forest and District Branch**
## Trustees' Report (continued)
A major part of the review was to look at the infrastructure of the Clinic and it was decided, with major input from the Clinic Manager, that the current consultation room should be split to create a smaller consultation room and a much larger Operating Room. A detailed proposal was submitted to National RSPCA for their approval, along with an application to the Building Development Fund to assist with the cost of this major undertaking. Approval was received, along with a successful grant application of £28,200, and works will be started during the course of 2026. A major review of fire safety in the clinic was also undertaken with a number of recommendations, all of which have been implemented during the year. The Trustees also agreed to upgrade the security system, which will be installed in 2026.
The Clinic also owns two self-contained flats which are rented to RSPCA staff at a discounted rental. Work was undertaken during the year to address some maintenance issues on these flats, to ensure that they are up to a reasonable standard.
The clinic continued to run near to full capacity, seeing an average of 200 pets every month, with approximately 20 new clients registering every month. RSPCA Poole Branch refer their clients to the Clinic regularly, and their financial support for this work assists in the overall running costs of the Clinic. Clients were also referred by the local PDSA branch, as they have no capacity for neutering pets, and therefore a regular influx of new clients comes from these referrals. Every Paw Matters and the local Cat Protection League branch also bring animals to the clinic on a regular basis. The Clinic also supports the local RSPCA Inspectors as required.
The clinic is run by a full-time Clinic Manager, a staff of part time Receptionists and Veterinary Nurses, assisted by a number of freelance Registered Vets and Nurses.
The Trustees also decided during 2025 to become more proactive with marketing the Clinic, and advertisements were placed in various local magazines for a number of months, but with limited success. A Facebook page was created and although it takes time to build a following, eventually it is hoped that this will also help create awareness of the clinic.
Fundraising for the clinic was also discussed during the year. The Branch has been fortunate in the past to have received significant legacies which has always offset the monthly deficit, but the Trustees accepted that these could not be relied upon. Plans were put into place for implementation during 2026.
The Board have been conscious of the need for additional Trustees and a recruitment campaign is in hand to try to diversify the skillset of the Trustees.
## **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 and are satisfied that the work complies with this guidance.
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 grants together with branch activities. The Charity maintains an investment portfolio, together with bank deposits upon which interests and dividends are earned.
Page 3
## **RSPCA Bournemouth, New Forest and District Branch**
## Trustees' Report (continued)
Income from donations (general and clinic) and legacies have decreased from 2024 to 2025.
During the year, income of £273,087 (2024: £300,885) was received and expenditure totaling £272,589 (2024: £263,794) was made. Investments revaluation gain / (loss) was £5,321 (2024: (£1,005)).
## **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 struggle with vet bills, and often cannot afford to have them treated at all. The 2022/23 branch review is continuing to be used as guidance 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. It has also been noted by the treasurer that in order to ensure the stability and sustainability of the branch, further focus on fundraising for donations, outside of legacies, and other income streams will need to be investigated.
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 £470,350 (2024: £463,202) 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 .................... and signed on its behalf by:
......................................... Mr J Lethbridge Trustee
Page 4
## **RSPCA Bournemouth, New Forest and District Branch**
## 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 .................... and signed on its behalf by:
......................................... Mr J Lethbridge Trustee
Page 5
## **RSPCA Bournemouth, New Forest and District Branch**
## Independent Examiner's Report to the trustees of RSPCA Bournemouth, New Forest and District Branch
I report to the trustees on my examination of the accounts of RSPCA Bournemouth, New Forest and District Branch for the year ended 31 December 2025.
## **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’).
I 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 I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since RSPCA Bournemouth, New Forest and District Branch's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
......................................
Adrian Way FCA (a director of) PKF Francis Clark Chartered Accountants
Towngate House 2-8 Parkstone Road Poole Dorset BH15 2PW
Date:.............................
Page 6
## **RSPCA Bournemouth, New Forest and District Branch**
## Statement of Financial Activities for the Year Ended 31 December 2025 (Including Income and Expenditure Account)
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
Investment income
4
Total Income
**Expenditure on:**
Raising funds
Charitable activities
5
Total Expenditure
Gains/losses on investment assets
**Other recognised gains and losses**
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**Total**
**2025**
**£**
80,981
169,860
12,037
10,209
273,087
(50)
(272,539)
(272,589)
5,321
5,819
633,325
639,144|**Unrestricted**
**Total**
**2024**
**£**
122,389
159,051
12,000
7,445|
|---|---|---|
|||300,885|
|||(2,906)
(260,888)|
|||(263,794)|
|||(1,005)|
|||36,086
597,239|
|||633,325|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 16.
The notes on pages 9 to 18 form an integral part of these financial statements. Page 7
## **RSPCA Bournemouth, New Forest and District Branch**
## Balance Sheet
## 31 December 2025
|**Note**
**Fixed assets**
Tangible assets
11
Investments
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
15
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2025**
**£**
168,794
135,388
304,182
12,382
48,158
298,625
359,165
(24,203)
334,962
639,144
639,144
639,144|**2024**
**£**
170,123
129,859|
|---|---|---|
|||299,982|
|||13,336
-
343,246|
|||356,582
(23,239)|
|||333,343|
|||633,325|
|||633,325|
|||633,325|
The financial statements on pages 7 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Mr J Lethbridge Trustee
The notes on pages 9 to 18 form an integral part of these financial statements. Page 8
## **RSPCA Bournemouth, New Forest and District Branch**
Notes to the Financial Statements for the Year Ended 31 December 2025
## **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 9
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (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.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**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.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**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.
Page 10
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **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.
## **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** Fixtures and fittings
**Depreciation method and rate** 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.
Page 11
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **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.
## **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**
|Donations and legacies;
Collections - collecting boxes
Appeals and donations
Legacies
Gift aid reclaimed
Grants, including capital grants;
Grants|**Unrestricted**
**Total**
**2025**
**£**
-
3,779
46,633
50
30,519
80,981|**Unrestricted**
**Total**
**2024**
**£**
246
3,659
96,668
-
21,816|
|---|---|---|
|||122,389|
Page 12
## **RSPCA Bournemouth, New Forest and District Branch**
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **3 Income from charitable activities**
|Clinic takings
Branch Activities
Clinic takings
Branch Activities
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
Other income from fixed asset investments|**Unrestricted**
**funds**
**General**
**£**
169,106
754
169,860
**Unrestricted**
**funds**
**General**
**£**
158,455
596
159,051
**Unrestricted**
**Total**
**2025**
**£**
4,195
6,014
10,209|**Total**
**2025**
**£**
169,106
754|
|---|---|---|
|||169,860|
|||**Total**
**2024**
**£**
158,455
596|
|||159,051|
|||**Unrestricted**
**Total**
**2024**
**£**
3,388
4,057|
|||7,445|
Page 13
## **RSPCA Bournemouth, New Forest and District Branch**
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **5 Expenditure on charitable activities**
|Staff salaries
Surgery vets and nurses
Surgery drugs
Rates and water
Heat and light
Insurance
Cleaning
Repairs and renewals
Property repairs
Branch contribution to region
Staff Training
Sundry
Telephone, stationary and post
Depreciation
Card charges
Donations
Software support
Clinical testing
Cremation costs
Garden
Legal and professional fees
Governance costs (see note 6)
Staff Welfare
Discounts receivable
Trade subscriptions|**Total**
**2025**
**£**
83,127
75,352
51,985
2,470
4,384
671
1,324
3,627
5,407
851
-
1,063
2,881
1,329
3,511
5,043
4,033
7,654
4,745
1,650
3,497
7,684
645
(723)
329
272,539|**Total**
**2024**
**£**
74,316
74,644
51,885
2,949
6,817
1,556
1,013
2,761
5,647
1,796
125
859
2,338
1,755
3,044
-
5,422
6,527
5,033
1,650
2,519
7,270
645
-
317|
|---|---|---|
|||260,888|
## **6 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements|**Unrestricted**
**funds**
**General**
**£**
7,684
7,684|**Total**
**2025**
**£**
7,684
7,684|**Total**
**2024**
**£**
7,270|
|---|---|---|---|
||||7,270|
Page 14
## **RSPCA Bournemouth, New Forest and District Branch**
Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **7 Net incoming/outgoing resources**
Net incoming resources for the year include:
|Independent Examiners fee
Depreciation of fixed assets|**2025**
**£**
7,684
1,329|**2024**
**£**
7,270
1,755|
|---|---|---|
## **8 Trustees' remuneration and expenses**
During the year the charity made the following transactions with trustees:
## **Mr J Lethbridge**
£45 (2024: £234) of expenses were reimbursed to Mr J Lethbridge during the year.
## **Maria Cutler**
£21 (2024: £Nil) of expenses were reimbursed to Maria Cutler during the year.
## **Mr S O'Connell**
£107 (2024: £Nil) of expenses were reimbursed to Mr S O'Connell during the year.
No 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:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2025**
**£**
81,517
48
1,562
83,127|**2024**
**£**
68,121
4,988
1,207|
|---|---|---|
|||74,316|
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|||**2025**|**2024**|
|---|---|---|---|
|||**No**|**No**|
|Charitable|activities|6|6|
No employee received emoluments of more than £60,000 during the year
Page 15
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
The total employee benefits of the key management personnel of the charity were £33,176 (2024 - £29,035).
The charity offers a defined contribution pension plan to eligible employees. During the year the charity paid pension contributions which totalled £1,562 (2024 - £1,207). At the year end contributions of £371 (2024 - £234) were outstanding and included in liabilities.
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **11 Tangible fixed assets**
|**Cost**
At 1 January 2025
At 31 December 2025
**Depreciation**
At 1 January 2025
Charge for the year
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024|**Land and**
**buildings**
**£**
163,479
163,479
-
-
-
163,479
163,479|**Furniture and**
**equipment**
**£**
45,762
45,762
39,118
1,329
40,447
5,315
6,644|**Total**
**£**
209,241
209,241
39,118
1,329
40,447
168,794
170,123|
|---|---|---|---|
Page 16
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **12 Fixed asset investments**
|**12 Fixed asset investments**|||||
|---|---|---|---|---|
|Other investments
**Other investments**
**Cost or Valuation**
At 1 January 2025
Revaluation
Additions
At 31 December 2025
**Net book value**
At 31 December 2025
At 31 December 2024
**13 Stock**
Stocks
**14 Debtors**
Other debtors
Prepayments
**15 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
VAT
Other creditors
Accruals||**2025**
**£**
135,388
**Listed**
**investments**
**£**
129,859
5,321
208
135,388
135,388
129,859
**2025**
**£**
12,382
**2025**
**£**
46,354
1,804
48,158
**2025**
**£**
8,391
-
5,597
4,268
5,947
24,203||**2024**
**£**
129,859|
|||||**Total**
**£**
129,859
5,321
208
135,388
135,388
129,859
**2024**
**£**
13,336|
|||135,388|||
|||135,388|||
|||129,859|||
|||**2025**
**£**
12,382
**2025**
**£**
46,354
1,804
48,158
**2025**
**£**
8,391
-
5,597
4,268
5,947
24,203|||
|||||**2024**
**£**
-
-|
|||||-|
|||||**2024**
**£**
9,952
2,518
4,079
989
5,701|
|||||23,239|
Page 17
## **RSPCA Bournemouth, New Forest and District Branch**
## Notes to the Financial Statements for the Year Ended 31 December 2025 (continued)
## **16 Funds**
|**16 Funds**||||||
|---|---|---|---|---|---|
|**Unrestricted funds**
**_General_**
Unrestricted income fund
**Unrestricted funds**
**_General_**
Unrestricted income fund|**Balance at 1**
**January 2025**
**£**
633,325
**Balance at 1**
**January 2024**
**£**
597,239|**Incoming**
**resources**
**£**
273,087
**Incoming**
**resources**
**£**
300,885|**Resources**
**expended**
**£**
(272,589)
**Resources**
**expended**
**£**
(263,794)|**Other**
**recognised**
**gains/(losses)**
**£**
5,321
**Other**
**recognised**
**gains/(losses)**
**£**
(1,005)|**Balance at 31**
**December**
**2025**
**£**
639,144|
||||||**Balance at 31**
**December**
**2024**
**£**
633,325|
Page 18