## ## ||Page| |---|---| |Reference and Administrative
Details|| |Report ofthe Trustees|2to 6| |Report ofthe Independent
Auditors|7to &| |Statement of Financial Activities|| |Balance Sheet|10| |Statement ofCash Flow|| |Notes to the Financial Statements|12to 25| ## |Registered|Charity Name|RSPCA Devon Branch||| |---|---|---|---|---| |Charity Number||205164||| |Address||Uttle Valley Animal Shelter||| |||Black Hat Lane||| |||Bakers Hill||| |||Exeter||| |||EX2BTA||| |President||Vacant Position||| |||Mis CBAllan (Chairman)||| |||Mrs E M Mundy
fSecretary)||| |||Mr TByers {Treasurer}||| |||Mrs A Eyles||| |||Mrs M Hardy||| |||Miss EMcPhail||| |||MrsJWilliams||| |||Mrs Heather Shipp (Resigned|February 2021)|| |||Mr Andrew
Lofthouse (Appointed||August 2021)| |||Ms Katie Stewart (Appointed|September 2021)|| |||Ms Julie Prince {Appointed January 2022)||| |Senior Stal||Mr H Lowson (CEO)||| |||MissJ Evans {Animal Shelter Manager)||| |||Miss M Holland (Community|Fundraiser)|| |||(Resigned October 2021)
MrJColas (Retail Development||Manager)| |||fAppointed
August 2021)||| |||Mrs M Wood (Finance Manager)||| |||{Appointed March 2021}||| |Auditors||Bush &Co Limited||| |||Statutory Auditors||| |||2 Bamfield Crescent||| |||Exeter||| |||EX11QT||| |Bankers||Mat Vilest Bank Pic||| |||59 High Street||| |||Exeter||| |||EX43DL||| |Investment|Advisors|Barclays Bank Pic||| |||Bridgewater
House||| |||Finzels Reach||| |||Bristol||| |||BS16BX||| |Other Names||Little Valley Animal Shelter||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restricted|Total Funds|Total Funds| |---|---|---|---|---|---|---|---| |||||Fundsf|Funds|2021f|2020f| |Income and endowments|from:||||||| |Donations snd legacies||||201,526||201,526|1,190,079| |Charitable scgvitiss||||39r117||39,917|34,639| |Other trading activities
Investments||||402,004
20~6|3,760|406,764
20~6|362.348
26,245| |Other income||||38,062||38,062|93~6| |North Devon branch income|||||106,720|106,720|81+00| |TOTAL INCOME||||701+66|110~|812~|1,788,587| |Expenditure
on:|||||||| |Raising funds|||||||| |Costs ofgenerating
voluntary||income||27 237||27,237|31,986| |Fundrsising
trading costs|||||||| |chap purchases
and expenses||||322,072||322,072|376,018| |investment
management|costs|||10,728|||11,9SS| |North Devon branch expenditure|||||67,S87|67„ri87|131,674| |Charitable
Expenditure||||574,379|3,760|678,139|526ri28| |TOTAL EXPENDITURE||||934+16|71,747|1,006,163|1,077,494| |Net gains on investments|||15|91,082||91,082|32,477| |Net Income/{expenditure)||||{14'l~)|38,733|{102,636)|743,570| |Transfers|||||||| |Net Movement
in Funds||||{141,369)|38,733|{102,636)|743,570| |RECONCILIATION OFFUNDS|||||||| |Total Funds brought forward||||5,494 ri22|99&rI96|6,493„ri18|5,749,948| |TOTAL FUNDS CARRIED FORWARD||||6,363,653|'1,037+29|6+80+82|6,493,618| ## ## |||BALANCE SHEET|BALANCE SHEET|||| |---|---|---|---|---|---|---| |||ASAT31DECEMBER||2021||| |||||2021||2020f| |FIXEDASSETS||||||| |Tangible assets||14||2,515,248||2,563 dI77| |Investments||15||1,256465||1,155415| |||||3,671,063||3,719,792| |CURRENT ASSETS||||||| |Stocks for resale||16|37,8'l2||42+37|| |Debtors and prepayrnents||17|681,118||824,764|| |Cash at bank and in hand|||926+47||947,44'l|| |North Devon net assets|||1,037,329||998,596|| ||||2,682+06||2,813,638|| |LIABIUTIES:Amounts|falling|||||| |due within one year||||||| |Creditors and accruals||18|||39412|| |NET CURRENT ASSETS||||2,619,369||2,773,726| |Total assets less current|liabilities|||6,390,882||6~3+18| |THE FUNDS OFTHE CHARITY:||'l9||||| |Unrestricted
funds||||5,353,553||5,494,922| |Restricted funds||||1,037329||998,596| |TOTAL CHARITY FUNDS||||6,390,8&2||6493,518| ## ## ## ||||||Note|2021|2020| |---|---|---|---|---|---|---|---| ||||||||R| |Net cash provided by (used||in}operating|activities||24|10,009|476,8&5| |Cashflow from imresting|activities||||||| |Dividends,
interest and rents||||||20~6|26,245| |Purchase offixed assets||||||(41,710)|(265+77)| |Purchase ofinvestments||||||(611,683)|(352,685)| |Sale of investments||||||525,199|682,007| |Net cash provided
by (used||in) financing|activities|||(107,73&)|90,090| |Cashflow from financing|activities||||||| |Repayment
ofborrowing|||||||| |Net cash provided
by (used||in) financing|activities||||| |Change
in cash and cash|in|the reporting|period|||(97,729)|566,975| |Cash and cash equivalents||at the beginning||of the|||| |reporting
period|||||25|1,048,46?|481,492| |Cash and cash equivalents||atthe year end||||950,73&|1,04&W?| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2021|2020| |---|---|---|---| ||||E| |Adoptions
Boarding||31,755
5,125|29,0883'| |Vet reimbursement||IW2|667| |Membership|fees|1,635|1,015| ||||34,639| ## |OTHER TRADING ACTIVITIES||| |---|---|---| ||2021|2020| |Friends of Little Valley Animal Shelter|8,780|11,284| |Shop income {Nota23}
Online income (Note 23)|269,530
4~0|174,785
8,104| |RSPCA House to House|48,268|50,387| |Other events|10@31|11,131| |Other income|64+05|655| |Shops COVID grants (Note 23)||106,002| ||405,764|362+48| ## ## |INVESTM|ENT INCOME||| |---|---|---|---| |||2021|2020| |||E|| |Dividends|and interest from portfolio|20,207|25,649| |Bank interest||249|596| ||||26,245| ## ## ## |COSTS|OFGENERATING VOLUNTARY iN|COME|| |---|---|---|---| |||2021|| |Events|expenditure|699|| |Legacy
Support|fee
costs|5,664
20,874|18,262
'i3.723| |||27,237|31,985| ## ## |Shop Purchases an|d Expenses||| |---|---|---|---| |||2021|2020| |Shop purchases||6,082|19,329| |Shop consumables||580|412| |Staffsalaries||'l28,018|187,761| |Rent||35,685|45487| |Rates||4,675|9+05| |Light and heat||5,294|6,134| |Telephone
and internet||1,624|1538| |insurance||2,737|1,700| |Repairs and renewals||4,794|3,060| |Cleaning
and waste|disposal|3490|4P'I7| |Premises expenses||557|2,735| |Motor and travelling||6,698|4,230| |SMffwelfare||221|207| |Sundries||1,488|1,263| |Legal &.professional||M80|2,789| |Postage, sta6onary|&computer costs|3,095|2,559| |Depreciation
Shop equipment||2,406|776| |Shop building||16,998|11,518| |Motor vehicles||4,22'l|4421| |Shop card machine
Support costs|and gift aid tills|7,240
83~9|10,692
54495| |||322,072|376,018| ## ## ## |Protection and reho|ming ofanimals||| |---|---|---|---| |||202'I|2020f| |Animal welfare||59,749|64+70| |Staff salaries||259,933|24&+97| |Staffwelfare %training||463|232| |Rates||8,765|7459| |Light Kheat||29,094|23,046| |Telephone and internet||3,502|3,583| |insurance||4,066|4,002| |Repairs and renewals||6,559|3,889| |Premises expenses||3,756|2,755| |Cleaning
and waste|disposal|14,670|14,877| |Motor and trave(ling||2,021|2+74| |Postage, stationery|Ikcomputer costs|6,438|5,053| |Bank Charges||45|298| |Sundries||5,180|3,068| |Legal Btprofessional||4,021|3,297| |Depreciation|||| |Buildings
'||49,104|65,243| |Plant||16+10|6,068| |Support costs||104,363|68,618| |||578,139|526429| ## |ALLOCAllON
OFSU|PPORT COSTS||||| |---|---|---|---|---|---| ||Costs of||||| ||Generating||||| ||Voluntary|Fundrais'ing|Charitable||| ||incomef|Costsf|Expendituref|2021f|2020f| |Staffsalaries|17,011|68,Q42|85,053|170,1Q6|112,460| |Accountancy|1,627|6,508|8,134|16+70|10419| |Postage, stationery|||||| |5.computer costs|809|3,234|4,043|8,086|6,033| |Legal and|||||| |Professional|1,076|4+03|5+78|10,758|4,977| |Bank charges|296|1,182|1+78|2955|2,712| |Repairs ikranewals|3|12|15|30|| |Cleaning
and|||||| |Waste disposal||36|45|90|| |Motor expenses||172|217|432|| ||20,874|||2Q8,727|137,235| ## ## ## ## |||2021|2020| |---|---|---|---| |Wages|and salaries|52747S|522+56| |Social|security costs|30,079|26,062| |||556,057|546,518| |The average number ofemployees|The average number ofemployees|during the year was as follows:||| |---|---|---|---|---| |||||2020| |Fundraising|and shop|||11| |Charitable|activities|||16| |Support stafF||||4| ||||31|| |||||||Iq
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00| ## ## ## ## ||Investments| |---|---| |Market value at 1 January 2021|1,054,608| |AddiTions|611,683| |Disposals|{525,199}| |Revaluation|91,082| ||1,232,174| ## |STOCKS||||| |---|---|---|---|---| ||||2021f|2020
E| ||||37,812|42W7| |DEBTORS:AMOUNTS|FALUNG DUE WITHIN ONE YEAR|||| ||||2021f|2020| |Trade debtors|||1,369|3+07| |VAT recoverable|||6369|2,985| |Tsx refunds|||3,322|3+06| |Prepayments
Other debtors|||11,600
658~8|11+81
802485| ||||681,118|824,764| |CREDITORS: AMOUNTS||FALLINQ DUE WITHIN ONE YEAR||| ||||2021f|2020| |Trade creditors|||36,130|21,064| |PAYE and social security|||18,991|10416| |Accruals|||8,416|8,632| |||||39,9'l2| ## ## ## ## ## ## ## ## ## ## ||Brought|||Gaiasl||Carried| |---|---|---|---|---|---|---| ||forward|||Losses|Transfersf|Forward| |Unrestricted
funds||||||| |General funds|4,594448|'I,702,712|(941,945)|32,477|(295471)|5,091,922| |Designated funds||||||| |Kennels|107,629||||('l07,629)|| |Reception Redesign|||||403400|403,000| |Total||||||| |unrestricted
funds|4,701,678|1,702,712||32.477||5,494822| |Restricted funds||||||| |Safe Haven Scheme
North Devon Branch|1,048,270|3,975
81~|(3+75)
('l31,574}|||998,596| |Total||||||| |restricted funds|1,048,270|85+75|(135,549)|||6,493+18| |Total funds|5,749,948|1,788,587|{1,077,494)|32,477||6,493+18| ## ## ## |ANALY|SIS OF NE|TASSETSBETW|EEN FUNDS|||| |---|---|---|---|---|---|---| |||Unrestrlsted|Funds|||| |||Undesignated|Designated|Restricted|2021|2S20| |||Funds|Fundsf|Fundsf|Total Fundsf|Tetsl Fundsf| |Fixed assets||2,515,248|||2,515+4&|2,563,977| |Investments||1456465|||1,256,265|1,155,8'l5| |Current|assets|871,077|774,500|1,037,329|2,682+06|2,813,638| |Current|liabilities|(63,537)|||(63,537)|(39,912)| |||4,950,553|403,000|1,037,329|6390,RQ|6~3,518| ## ## ## |SURPLUS/(DERC|IT)
ON SHOP ACTIVITY||| |---|---|---|---| |||2021f|2020f| |Income from activities ofgenerab ng funds {Note4)||273+80|182,889| |Shops COVID grants (Note 4)|||106+02| |Shop staff CJRS|income {Note6}|20,252|59,91'I| |Shop purchases|and expenses (Note 8)|(322,075)|(375,018)| |Surplus/(deficit)|on shop activity|{27,&40}|(26+15)| ## ## ## ## |||||2021|| |---|---|---|---|---|---| |||||E|| ||Net income for the reporting|period (as|per the statement||| ||offinancial activities|||(102,636)|793,244| ||Adjustments
for.||||| ||Depreciation
and amortisation|||90,439|88,027| ||Dividends,
interest and rents|||(20,456)|(26,245)| ||Gains on investments|||(91,082)|(32877)| ||Loss on sale offixed assets||||| ||(Increase)/decrease
in debtors|||105,094|(342,271)| ||(Increase)/decrease
in creditors|||23,625|(12454)| ||(increase)/decrease
m stock|||5,025|9A61| ||Net cash provided
by (used in) opemting||activities|10,009|476~| |25.|CASH AND CASH EQUIVALENTS IN STATEMENT OFCASHFLOWS||||| |||||2021|2020| |||||E|| ||Cash at bank and in hand|||926,647|947,441| ||Cash held in investment
portfolio|||24,091|101,026| |||||950,738|1,04'?|