Charity re8istratiM number 2Q5154
RSPCA DEVON BRANCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

RSPCA DEVON BRANCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs C Allan (Chairmanl
Mrs E Mundv Isecretaryl
Mrs J Williams
Mrs M Hardy
Ms J Prince
Miss E McPhail
Mrs A Eyles IRetired Jan 20241
Mrs S Cochrane (appointed October 2023)
Senlor staff
Mr H Lowson ICEOI
M E Mayer IAnimal Shelter Manager)
Mr J Coles (Retail Development Manager)
Ms S Tolly (Finance Manager)
Chartty number
205154
Prlnclpal address
Little Valley Animal Shelter
Black Hat Lane
Bakers Hill
E)(eter
Devon
EX2 9TA
Audltor
8ush & Co Limited
2 Barnfield Crescent
Exeter
EXI IQT
Bankers
Nat West Bank PLC
59 High Street
Exeter
Devon EX4 3DL
The Co-operative Bank
34 The Kingsway
Swansea
SAI 5LG

RSPCA DEVON BRANCH
LEGAL AND ADMINISTRATIVE INFORMAMON
Investments advisors
Barclays Bank PIC
Bridgewater House
Finzels Reach
Bristol
Avon 8516BX
Milsted Langdon Financial Services
Winchester House
Deane Gate Avenue
Taunton
TAI 2UH

RSPCA DEVON BRANCH
CONTENTS
Page
Trustees, report
Independent auditor's report
Statement of financial position
io
Balance sheet
li
Statement of cash flow5
12
Notes to the financial statements
13-32

RSPCA DEVON BRANCH
TRUSTEES, REPORT
FOR ThE YEAR ENDED 31 DECEM8ER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statement5 have been prepared in accordance with the accountin8 policies set out in note I to
the financial statements and comply with the charitv's Bovernin8 document. the Charities Act 2011 and
'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
IFRS 1021" leffectNe l January 20191.
Structure. governance and management
The Charity is constituted as On Unincorporated Assoclation. whlch operates as an autonomous Branch of the
National RSPCA and is subject to its Branch Rules. It 1$ 8overned by a 8oard of Trustees, which is responsible
for effective leadership and direction. aftd which fneet monthly to make strate8ic decisions. Day to dav
management of the Branch 15 delegated to the 8ranch and Finance Mana8er. the Shelter Mana8er and the
Area Retail Manager who report to the Committee.
The trustees who served during the year and up to the date af signature of the financial statements were..
Mrs C Allan IChaTimanl
Mrs E Mundy (Secretary
Mrsl William5
Mrs M Hardv
Ms J Prince
Miss E McPhail
Mrs A Eyles (retired January 20241
Mrs S Cochrane (appointed October 20231
Trustee recrultment and appolntment
A Committee of Trustees is elected at each AGM by the Branch members to govern the charity. Trustees are
recruited for their eyperience, empathy and knowled8e of the Charity and to keep the skills and composition
of the Trustee body balanced. Succession planning is regularly kept under review. All Trustees give the*r time
volvntarily and receive no benefits from the Charity, although frustees can claim expenses properly and
necessarily incurred in the performance of their dutles.
Trustee induction and trainini
New Trustees are given literature on the work of the Charity and the guidance from the Charlty Commission
on the role of a trustee. Information provided includes the latest financial stotements of the Branch and its
Minutes. the Branch Rules and the RSPCA'5 Animal Welfare Policies. Trustee5 are encouraBed to keèp up to
date with current issues relevant to their roles.

RSPCA DEVON BRANCH
TRU5TEES' REPORT ICOIMNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustee responslbllltles
Trustees are legally required to prepare financial statements for each financial year. in accordance with the
Charity's governing document, the Charities Art 2011 and with Accountin8 and Reporting by Charities.. a
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
Financial Reporting Standard 102 published October 2014. These financial statement5 must Bive a true and fair
view of the Charitvs financial activities during the year and of its financial position at the end of the year. In
preparin8 the fTrnan¢ial statements the Trustees are required to:
prepare accounts which give a true and fair Vi￿V,.
select suitèble accouniing policies and apply them consistently;
make judgements and estimates that are reasonable and prudent..
state whether applicable 3ccountin8 5tand)rds havè been followed. subject to any rnaterial departures
disclosed and explained in the financial statements-
prepare the statements on the going concern basi5 unless it is inappropriate to assume that the charlty
will continue to operate..
observe the methods and principles in the applicable Charitie5 SORP.
The Trustees are also responsible for maintaining proper accounting records which disclose, with reasonable
accuracy. the financial position of the Charity. which will enable them to ensure that the financial 51atements
comply with applicable law. regulations and the trust deed. They are also responsible for safe8uardin8 the
assets of the Charity and for lakin8 reasonable steps to prevent fraud or other irreBularities. The Trustee5 are
responsible for the maintenance and integrity of the corporate and financial informatlon Included on the
Charity s website.
ObSÈctivts and actl¥ltles
The aims of the Charity are to promote kindness and to prevent cruelty to anlmals by all lawful means. This
Involves the rescLre. rehabilitation and re-homing of mistreated. abandoned and unwanted animals, support
for the RSPCA Inspectorate in the Branch area and promotion of the work and object5 of the National Society.
The Trustees. objectives for the year are shaped by these strate8it aims. with a view to obtaining income for
the benefit of anlmal welfare In the area by raising funds through the six charity shops, fvndraising and
maintainin8 and improving the value of the Charitrfs investments.
The tfustees have paid due re8ard to guidance issued by the Charity Commission in deciding what artivitles the
charity should undertake.
The main activrties of the Chority durin8 the year were the operation of the Little Valley Animal Shelter and the
re-homin8 of unwanted animals. The activf(ies also included the provision of veterinary care. micro- chippin8,
neutering and inoculations and the provision of financial assistance wrth the cost of veterinary care for the
animals of eligible people on state benefits.

RSPCA DEVON BRANCH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Public benefit statement
All charities in England and Wales must have charitable aims that are based on providing public benefit and
comply with sertion 4 of the Charities Act 2011. The Trustees have regard to the Charity Commission's guidance
on public benefit. The RSPCA'S founders identified the Society's primary aim as being to alter the moral feelings
of the country and to promote humane sentiment in humans towards animals which gives moral benefit to the
human community as a whole.
The following Branch arttvities during the year constitute clear benefit to the public..
The Branch supportsthe local community and Inspectors by taking in mistreated or abandoned animals
and those whose owners. through bereavement. disability. age. marriage break-up or other reason5,
are unable or unwilling to keep them.
Animals in the Branch's care receive veterinary treatment, vaccination, neutering. micro-chipping and.
if necessary, treatment for behavioural problems. and are assessed for re-homing_
The Branch re-homes the animals in its care at low c05t to people willing and suitable to Pfovide a
home forthem.
The Branch proviiles financial help to members of the public on state benefits, living in the Branch area.
to as515t them in paying for veterinary bills. Financial help is also given towards veterinary bills for age-
related illnesses to those who adopt older animals from the Shelter.
The Branch provides free animal care advice to members of the public.
Achievements and perforniance
2023 has seen the start of some of our long-term projects. after some delays with bat and ecological survey5
which can only be carried out at certain times of the year. RSPCA Head Office consent has now been obtained.
Planning applications have now been submitted for the new rabbit and guinea pig accommodation. solar panel
installation and reception area upgrède. We hope to be able to Start work this summer.
Our Retail Development Manager has been investigating sttes for a new shop in Tiverton and for replacement
shop in Brixham (which have outgrown their present premises). Hopefully. they will all be up and running by
the end of 2024. The shops have done very well this year. and I WOLtld like to give my thanks to the Retail Staff
nd all the shop volunteers for their hard work and dedication.
staff changes during the year- Our Shelter Manager started in February 2023 and has already made a number
of posf(ive changes at the shelter. Our Oeputy Manager is now working two days a week doin8 Outreach work
in North Devon.
In January 2024, 3 full time Animal Behaviorist was appointed. which will help our neediest animals betome
more likely to find forever homes. We have appointed additional Anbmal Care Assistants. which means they
can give more time to the animals in our care.

RSPCA DEVON BRANCH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
A Community Fundraiser started with us in April 2023 but unfortunately left before the end of their probation,
to take a role where they could work fvom home. In January 2024 we appointed a Corporate and Community
Fundraiser.
The new websfce was designed by our Digital Communication and Fundraiser Manager, in collaboration with a
specialist company. This will make the site more accessible. the new website went live in March 2024.
Principal T15ks and uncertainties
The Trustees have assessed the major risks to which the Charity is exposed and have identified four top-level
risks..
The long term effecls on our operations of the coronavirus pandemic
Damage to the Branch's reputation
The availability of finance to allow activities to continue- and
The health, safety and welfare of volunteer5 and staff.
The Branch continues to take active Steps to manage those risks.
Financial review
The total incomin8 resources for the year amounted to £2,119.60212022.' £1.081.4471 including legacies of
£1.267,606 12022.. £363,4161. Expenditure in the year was f 1.435.204 12022.. £1,116,409). After 8ain5 on
investments 01 £136.506 12022- losses of £214,033) the branch made a surplus of £820.90412022.. deficit
£248.9651.
ReseNes pollri
Reserves are necessary to safeguard the Branch's future. Revenues can be unpredictable and reserves are
important to assist in years where our expenditure exceeds revenue. In addition, the Branch has the
responsibility to en5vre it ha5 rese￿estofvIfll capital commitments and meet any cost5 re13ting to unexpected
emergency repairs to the animal shelter.
It is the policy of the Branch to hold free reserves (total reserves less fixed as5et5, designated and restrirted
reserves) at a level of between one and a half years. and two years, expenditure. Usin8 the current year's total
expenditLsre, this is between £1.7 million and £2.2 million.
The levels of reserves are held to support the following areas=
al The Branch reliès heavily on donations and legacies. both of which can flurtuate significantly from year
to yeai.
bl Should the Branch see a long term pattern of declinin8 revenues. there woijld be a transition period
whilst a strategy to adapt to a changing environment is achieved.
cl If the Branch is faced with closure sufficient TeseTves would need to meet
the running COSt5 of the animal shelter whilst anima15 are rehomed
the cost of staff redundancies

RSPCA DEVON BRANCH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
The total reseNes at 31 Decefflber 2023 were £7,039,597 comprising £1,723,OCIJ12022.' £6.218,6931 of
designated fund5 and £4,356,68212022.' £4,166,041) of general funds. Of the general funds. E2.488,991 are held
as tan8ible assets and so not available to be spent. The remainin8 balance of £1.867,691 represents free
reserves.
Investment poliry
The Charity holds investments in order that the service level provided for animal welfare is maintained should
there be a reductton in tncoming resources. The Trustees have prepared an investment policy, with the objective
of investirig in a low to medium risk portfolio which will maximise income. whilst proterting capital. Professional
advice 15 provided by Barclays Weahh Management. who manage the portfolio on a discretionary basis. Meetings
are held with them a5 and when required to review the performance of the portfolio. A combination of stock
market investments, together with bank fixed term depostt5. meet the requirement for the generation of both
income and capital growth, whilst redycing thè risk of investment losse5 in uncertain and volatile markets.
The Trustees have adopted an ethical investment policy that takes all reasonable steps not to hold investments
in companies whose activities are not con5iStent with RSPCA animal welfare policies. In particular. investment5
are avoided that carry out any testing on animals
The value of the Charity's investment5 at 31 Oecember 2023 wa5 £2_19 million12022'. £2.02 million). The total
return on all managed investments was a surplus of l.01%12022: 1.92%).
Plans for future perlods
To raise sufficient funds through fundraising, retail and the shelter to meet the running costs of both Little Vallev
arbimal shelter and our animal welfare community services.
To ensure that our profile continues to improve throughout the Devon area and that both Little Valley and our
community service5 are well known and respected.
To make better use of the Little Valley site by rebuilding our rabbit accommodation and our reception building.
The new reception area will provide a more spacious area to inter8tt wrth our supporters and membpr5 of the
public. We will also be remodelling and improvin8 the anrmal trèatment rooms and surgery area.
To create a Serenity Garden (hopefully usin8 external fvndingl, which will create a quiet space for staff and
VlSltors, a wildlife pond and a memorial area.
To further research the provision of an outreach seThice with a custom fitted van and trained staff. which will
provide members of the public in more remote areas with advice and assistance.
To encuura8e all staff and volunteers to attend any relevant training course5 to increase their potential.
To continue to maximi5e profits from our physical shops and online shop and to increase the number of shops in
ourarea.

RSPCA DEVON BRANCH
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Key management personnel
The key management personnel are held to be all of the Trustees and the senior staff listed on the cover sheet.
The pay leve15 for key management personnel, who are not Trustees. are reviewed by the Trustees and
benchmarked a8a¢nst other charitie5.
The trustees, report was approved by the Board of Trustees.
Mrs C Allan Icharimanl
Trustee
Date..

RSPCA DEVON BRANCH
INDEPENDEFIT AUDITOR'S REPORT
TO THE TRUSTEES OF RSPCA L*VON BRAKH
Oplnlon
We have audited the financial statements of RSPCA Devon Branch (the 'charity'l for the year ended 31 December
2023 which comprise the statement of financial activitie5, the balance sheet, the statement of cash flows and notes
to the financial statements. including significant accoLbnting policie5. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reportlll8 Standard 102 The Finonciol Reporting Stondord opplicoble in the UK ortd Republtc of Irelond (United
Kin8(Jom Generalty Accepted Accountin8 Practice).
In our opinion, the financial statements..
gwe a true and fair view of the state of the charity's affairs as at 31 December 2023 ond ol its incomlnB
resources and application of resources. for the year then ended-
have been properly prepared in accordance with United Kin8dom Generally Accepted Accountin8
Praclice,. and
have been prepared in accordance with the requiTement5 of the Charities Act 2011.
Bas1$ for oplnlon
We conducted our audit in accordance wSth International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor s responsibilities for the oudit
of thefinonciol statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical
Stantlard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evldence we have obtained Is sufficlent and appropriate to provide a basls for our oplnion.
Concluslons relatlng to lolni concem
In auditing the financial statements, we have concluded that ihe trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditlOn5 that, Individual￿ or collectively, may cast SiBnificant doubt on the charity's ability to continue as a golng
concern for a period of at least twefve months Irom when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the tnjstees with respect to going concern are described In the
relevant sections of this report.
Other Intormatlon
The other information comprises the information included in the annual report other than the financial
statements and our auditor'5 report thereon. The trvstee5 are responsible for the other information contained
within the annual report. Our opirtion on the financial statements does not coverthe other information and we do
not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in
doing so, consider whether the other irbformation is materially inconsistent with the financial statements or
knowledge obtained in the course of the audit, or otherwise appearsto be materially misstated. If we identify such
material inconsistencies or apparent material mi5Statements, we are required to determine whether this gives rise
to a material misstatement in the financial statements themselves. If. based on the work we have performed. we
conclkjde that there is a material misstatement of this other information, we are required to report that fact.
INDEPENDE1￿ AUDITOR'S REPORT

RSPCA DEVON BRANCH
TO THE TRUSTEES OF RSPCA DEVON BKANLII
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothin8 to report in respect of the following matters in relation to which the Charities (Account5
and Reports) Regulations 2008 require us to report to you if. in our opinion..
the information given in the financial statements is inconsistent in any material respect with the trustees,
report.. or
sufficient accounting records have not been kept- or
the financial statements are not in agreement with the accounting records- or
we have not received all the information and explanations we require for our audit.
Responsibilities ol trustees
As explained more fully in the statement of trustee5' responsibilities, the trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view. and for such
internal control as the trustees determine is necessary to enable the preparation of financial statements that are
free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees
are responsible for assessing the charit￿$ abilrty to continue as a going concern. disc1051ng. a5 applicable, matters
related to going concern and using the going concern basis of accounting unless the trustees either intend to ￿ase
operations. or have no realistic alternative but to do so.
Audltor's respon5ibililie5 for the audit of the financial staternents
We have been appointed as auditor under sertion 144 of the Charities Act 2011 and report in accordance with the
Act and relevant re8ulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material mtSStatement, whether due to fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance but is not a guarantee thèt an audit eonducted in
accordance with 15A5 IUKI will alway5 detect a material misstatement when it exists. Misstatements can arise from
fraud or error and are considered material if. individually or in the aggregate, they could ￿asonablY be expected
to influence the economic decision5 of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
A further description of our responsibilities is available on the Fiftancial Reporting Council'5 website at-
https-.Ilwww.frC.org.uk/auditorsresponsi￿.IItIeS. This description form5 Part of our avditor's report.
Other matters
Your attention is drawn to the fact that the chartty has prepared financial statements in accordance with
"Accounting and Reporting by Charities: Statement of Recommended Pfartice applicable to charities preparing
their accounts irs accordance with the Financial Reporting Standard applicable in the UK ènd Republi£ of Ireland
IFRS 1021" las amended) in preference to the Accounting and Reporting by Charities= Statement of Recommended
Practice issued on l April 2W5 which is referred to in the extant regulations but has now been withdrawn.

RSPCA DEVON BRANCH
INDEPENDEN[ AUDITOR'S REPORT
TO THE TRUSfEES OF RSPCA DEVON BPA14CH
This has been done in order for the financial statements to provide a true and fair view in accordance with current
Generally Accepted Accounting Practice.
Use of our report
This report is made solely to the charsty's trustees. as a body. in accordance with part 4 of the Charities IAccoLtnts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matteys we are reqLsired to state lo them in an auditor's report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the
charity's trLtstee5 as a body, for our audit work. for this report. or for the opinion5 we have formed.
Bush & Co Limited
tsL Lc.
Chartered Accountants
Statutory Auditor
2 Barnfield Crescent
Exeter
EXI IQT
Bush & Co Limited is eligible for appointment as auditor of the charity by virtue of (t5 eligibility for
appointment a5 auditor of a company under sertion 1212 of the Companies Act 2006.

RSPCA DEVON BRANCH
STATEMENT OF FINANCIAL ACll￿ES
INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR
ENDED 31 DECEMBER 2023
Unrestricted
funds
2023
Re5trirted
funds
2023
Unrestrfjrted
fvnds
2012
Restrlrted
funds
2022
Totsl
fvnds
2022
Total
funds
Income and endowments from-
Donations and
legacies
Charitable activities
Other tradin8
activities
Investments
Total Income
1,350,259
47,593
2.636
1.352.895
47,593
434,354
45.133
434.354
45.133
640.507
49.315
2,087.674
4.828
24.464
31.928
645,33S
73,?79
2.119.602
552.871
24.662
1.057,020
3,723
20.734
24,457
556,594
45,396
1,081,477
dl
Charitable activities..
Shop purchases and
consumables
Protection and
rehomin8 of animals
Cost of generatin8
voluntary income
Total charftable
empendllure
475,045
47S.045
422.063
422,063
867.372
4.828
872.200
624.903
3.723
628.626
68,299
68.299
44.953
44.953
1.410,716
4,828
1.415,544
1,091.919
3.723
1,095,642
Investment
management costs
Totsl expenditure
10,723
1,421.439
.937
13.76S
19.660
1.435,204
10,814
1.102,733
9.953
13.676
20,767
1,116,409
Net gain on
investmenrs
89.406
47.1￿)
136.506
1104.2631
1109,7701
1214.0331
Net movements In
funds
755,641
65.263
820.904
1149.9761
198.9891
1248.9651
Fund balances at i
January 2023
5.324.041
894,652
6,218,693
5,474,017
993,641
6,467,658
Fund balances at 31
December 2023
6.079,682
959.915
7.039.597
5.324,041
894,652
6.218,693
The statement of financial artiwlies includes all gain5 and losses Tecognised in the year. All income and expenditure derive from
ontinuing artivities.
io-

RSPCA DEVON BRANCH
BAL4NCE SHEEr
ASAT 31 DECEMBER 2023
2023
2022
Notes
Flxed asset5
Tangible assets
Intangible assets
Investments
12
13
14
2,486,318
2,673
2,185,926
4,674,917
2,471,375
2,02 1,677
4,493,052
Current assets
Stocks
DebioTS
Cash at bank and in hand
15
16
93.981
82.247
2,269,172
2,445,400
40,675
84.849
1.660,388
1,785,912
Credltors.. amounts fallln8 due wSthln
one year
Net current assets
17
162,4701
160.2711
2,382,930
1,725,641
Provlslons lor Ilabllltles
Provisions
18
118,2501
Net assets
7,039.597
6,218,693
Income Funds
Restricted funds
nre
tricted f
Designated funds
General unrestricted funds
19
959,915
894,652
20
1.723.LMXJ
4,356,682
1.158,OC
4.166.041
6,079,682
5,324.041
7.039.597
6,218,693
The financial statements were approved by the trustees on ..........
Mrs C A19an Ichairmanl
Trustee
li

RSPCA DEVON BRANCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash Ilows from operating artivities
Cash generated Irom operation5
25
644,428
577.409
Investlng actlvltles
Purchase of tan8ible fixed assets
Proceeds from sale of tangible fixed a55ets
Purchase of investments
Proceeds from disposal of investments
Dividends. interest and fents
Net cash used In Inve5tlng actlvltles
196.5211
14,840
1612,5511
584.809
73.779
123,7231
1367,7151
324.128
45,396
135,6441
121,9141
Net cash used In 15n4ncln8 artlv5tles
Net increaselldecrease) In cash and Cash
equlvalents
608,784
555,495
Cash and cash equivalents at beginnin8 of
year
1,660,388
1,104,893
Cash and cash equlvalents al end of year
2.269,172
1,660,388
12-

RSPCA DEVON BRANCH
NOTES TOTHE FINANCIAL STATEMENT5
FOR ThE YEAR ENDED 31 DECEMBER 1023
Accounting policies
Charity Informatlon
RSPCA Devon Branch is a trust that constrtutes a public benefii entity as defined by FRS 102.
1.1 Accountlng conventlon
The financial 5tatement5 have been prepared in a¢¢ordJnce with the charity'5 Igovernin8 documentl,
the Charities Act 2011. FRS 102 Yhe Financial Reporting Standard applicable in the UK and Republic of
Ireland" I"FRS 102.1 and the Charities SORP 'AccoLsnting 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 Irelantl IFRS 1021" leffectlve I
January 20191. The charity is a Public 8enefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulation5 2008
only to the extent required to pfovide a true and fair view. This departure has Involved following the
Statement of Recommended Practice for charrties applyin8 FRS 102 rather than the version of the
Statement of Recommended Practice which is referred to in the Regulations but which ha5 since been
wlthdrawn.
The financial statements are prepared in sterlin& which is the functional currency of the charlty.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical c05t convention. The principal
accountin8 policies adopted are set out below.
1.2 Golng cijncern
At the time of approvinB the flnancial statements. the trustees have a reasonable expectation that
the charity ha5 adequate resourte5 to continue in operational existence for the foreseeable future.
The trustees continue to adopt the going concern basis of accounting in preparin8 the financial
5tatementS.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their
charitable objectNes.
Restricted funds are SLtrbject to specific conditions by donors as to how ihey may be used. The
purpose5 and uses of the restricted funds are set out in the notes to the financial statements.
13-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies {continuedl
1.4 Income
All income is reco8nised once the charity has entitlement to the income. tl is probable that the income
will be received and the amount of Income receivable can be measured reliably.
Cash donations are recognised on receipt. Other donations are Teco8nised once the charity has been
notified of the donation, unless perfomiance conditions requife deferral of the amount. Income tax
recoverable in felation to donations received under Gift Aid or deeds of covenant is recognised when the
claim is received.
Legacles are reco8nlsed on ￿ceIpt or otherwise rf the charity has been notrfied of an impendin8
distribution. the amourtt is known, and receipt is expected.
Grants, includSng grants for the purpose of fixed assets are reco8nlsed in fvll in the statement of financial
activities in the year in which they are receivable.
Income resources from the charitable activities are recognised on the accruals basis and are included net
of any VAT that has been chai8ed.
Dividends are reco8nised once ihe dividend has been declared and notification in full in the statement of
financial activrties in the year in which they are receivable.
1.5 Expendlture
Resources expended are recognised in the period they are incurred and include VAT unless it is
recoverable. Expenditure is either allocated on a direct or usage basis.
Expenditure that Is directly attributable to raisin8 fijnds is included in the costs of 8eneratlnB funds. Thls
includes holding fundraising events. runnin8 charity shops and purchasing retail goods.
Expenditure attributable to meeting charitable objertives. including the sUPPOrt costs of the animal
shelter, is included in charitable activities.
Costs associated with the general running of the chèrtty which are not attributable to meetin8 charitable
objects are classified as 5UPPOrt costs.
Support costs have been allocated to each activity undertaken by the charity on the basis of an estimate
of amount of the costs geneioted by each activity.
-14-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS IcoiifiNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies (continued)
1.6 Fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net
of depreciation and any impairment losses.
Intangible assets are initially measured at cost and subsequently measured net of amortt5ation.
Depreciation is recognised so as to write off the cost or valuation of assets le5S their residual values over
their useful lives on the following base5=
Buildings
Solar Panels
Website
Plant and equipment
Fixtures and fittin85
Computers
Motor Vehicles
2% on cost
99 Years on straight line
10 Years on straight line
15% on cost
15% on cost
25% on cost
25% on cost
Freehold land is not depreciated.
The gain or loss arisin8 on the disposal of an asset Is determined a5 the difference between the sale
proceeds and the carrying value of the asset. and is recognised in the Statement of financial activities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transattion price extluding transartion costs. and are
subsequently measured at fair value at each reporting date. Change5 in fair value are recognised in net
in£c*me/lexpenditurel for the year. TranSa￿lon costs are expensed as incurred.
1.8 Impairment of flxed assets
At each reporting end date. the charity reviews the carryrng amounts of tts tangible assets to deterniine
whether there 15 any indication that those assets have suffered an impaim)ent loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the
impairment loss lif anvl.
1.9 Sto¢ks
Stock5 are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises tlirert materrals and. where applrcable, dirert labourcosts and those overhead5 that have been
incurred in bringin8 the stocks to their present location and condition. Items held for distribution at no
oi nominal consideration are measured the lower of replacement cost and cost.
Donated stock is valued at the expected proceed5 less the expetted cost of sales in accordance with the
SORP IFRS1021.
15.

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS IcopifiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountln8 pollcles Icontlnuedl
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid
investment5 Wlth original maturities of three months or less, and bank overdrafts.
1.11 Flnanclal instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instrumentslssues, of FRS 102 lo all of its financial Instruments.
Finantlal instruments are recognised in the charity's balance sheet when the charity become5 party to
the contractual provisions of the in5trurnent.
Financial assets and liabilities are offset, WTih the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there 15 an intention to
settle on a net basis or to realise the asset and settle the lTrability simultaneouslv.
Baslc flnancl41 assets
Basic financial assets. which include debtors and cash and bank balances. are initially measured at
transaction price inclvdin8 transactbon costs and are subsequently carried at amortised cost usin8 the
effective Interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discoLbnted al a market rate ol interest.
Financial assets classified a5 Teceivable within one year are not amortised.
Baslc flnanclal Ilabllltles
Basic financial liabilities, includin8 treditors and bank loans are initialfy recognised at transactlon price
unless the arrangement con5titute5 a financin8 transaclion. where the debt instrument is mea5ureiJ at
the present value of the future payments discounted at a markel rate of interest. Financial liabilities
classified as payable within one year are not amort15ed.
Trade credltor5 are obllgatlons to pay for goods or services that have been acquired in the ordinary covrse
of operations from suppliers. Amounts payable are classified as current liabilities if payment 15 due within
one year or less. If not, they are Presented as non-current liabilities. Trade creditors are reco8ni5ed
initially at transartion price and subsequentty measured at amortised cost using the effective interest
method.
Derecognltion of flnancial Ilabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are dlscharged
or cancelled.
1.12 Taxatlon
The charity is exempt from tax on its charitable activities.
1.13 Retlrement benefits
Payments to defined contribution retirement benefft schemes are ¢har8ed as an expense as they fall due.
l6-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Critical a¢tountin8 estimates and judgernents
In the application of the charity's accounting policies. the trustees are iequired to make judgements,
e5timate5 and assumptions about the carrying amount of assets and liabilitles that are not readily
apparent from other sources. The estimates and associated assumption5 are based on historical
experience and other factors that are conside￿￿ to be relevant. Actual result5 may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only
that period. or in the period of the revision future period5 where the Tevision affects both current
nd future periods.
Donations and legacles
Unrestricted
funds
Z023
Restricted
funds
2022
General Donations
Collecting boxes
Legacies
83,439
1.851
1.267.605
1,352,895
69,377
1.561
363,416
434.354
There wa5 £2,63612022'.£nill in restricted donations and legacies in the year.
Charitable activities
Unrestrlcted
funds
2023
Restricted
funds
2022
Adoptions
Boarding
Vet reimbursements
Membership fees
35,018
12,091
199
286
47,593
34.313
8,596
1,842
382
45.133
17

0,*
Ln Ln In r4,
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Ln
O¥J￿th
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CL w w

RSPCA DÉVON BKINCH
NOTESTOTHE FINANCIALSTATEMENTSICONTrNUEDI FOR THE YEAR ENDED
31 DECEMBER 2023
6 Investments
Unrestrfrted
fvnds
2023
Restrlrted
fvnds
2023
Total
2023
Total
2022
Dividends and interest from
portfolio
Interest receivable
49,315
24,464
73.779
42,300
3,096
45,396
49.315
24.464
73.779
19-

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RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS IcoKfiNUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Support costs
Total
2023
Total
2022
Staff costs
Depreciation
Accountancy
Postage, stationery and computer costs
Professional
Bank charges
Repairs and renewals
Motor expenses
Waste disposal
Sundyies
Premises expenses
Profit on disposal of motor vehicles
161,443
9,9D8
9,059
3,411
82S
1,847
71
435
121,054
5,931
11.838
8,833
14,771
3,105
1.680
174
5,772
1.858
114,8401
5.051
1,794
179,794
174,231
Auditor's remuneratlon
Fees payable to the ¢harity'S auditor and
assoclates..
2023
2022
Audit of the chariws annual accounts
Non-audit services
7,000
6,000
2,400
7.￿0
8,400
10 Trustees
None of the trustees lor any persons connected wrth them) received any remuneration or benefits from
the charity during the year12022'. none}.
22-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
11 Employees
The average monthty number of employees durin8 the year was:
Total
2023
Total
2022
Fundraising and shop
Charitèble activities
Support Staff
Is
19
13
13
Total
41
34
Employment costs
2023
2022
Wages and salarfes
Social security costs
Other pension costs
781.337
58,440
20,430
601,778
39,225
14,087
860,207
655,090
The aggregate emoluments of key management personnel for the year totaled £154.33212022'.
£151,4981.
The number of employees whose annual remuneration was more than £60.000 is as follows:
2023
Number
2022
Number
£60,001- £75,000
Contributi¢ns t¢talinB £2,64012022.' £2,201> were made to deffined contributic*n pension schemes on tehall of employees whose
emoluments exceed £60.COJ.
23-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Investments
Llsted
Investments
Cost or Valuatlon
At l January 2023
Additions
Disposals
Gain on Investments
2,021,677
612,552
1584.8091
136.506
At 31 December 2023
2.185,926
Carryln8 amount
At 31 December 2023
2,185.926
At 31 December 2022
2.021,677
15 Stocks
2023
2022
Stocks
93,981
40,675
93.981
40,675
16 Debtors
2023
2022
Trade debtors
Other debtors
Prepayments and accrued income
4,224
62,919
15.104
2.294
66,185
16,370
82.247
84.849
17 Credltors: arnounts lallin8 due wlthln one year
Z023
2022
Other taxation and social secvrity
Trade creditors
Accruals and deferred income
21,477
30,352
10,641
15,239
32,486
12,546
62,470
60,271
-26-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS IcopifiNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Provisions for liabilities
2023
2022
Lease dilapidations
18,250
18,250
.27.

)00
ffi

RSPC4 DEVON BRANCH
NOTESTOTHE HNANaALSTATEMEPITSICOIfflNUEDI FOR THE YEAR ENDED
31 DECEMBER 2023
20 Designated funds
The Income funds of the charity include the following designated funds which have been set aside out of unrestricted
funds by the trustees for specific purposes-
Balance at
31
8alance
at l January
2022
Balan¢e at
l January
2023
Oecember
Transfers
Transfers
2023
Committed
Organisational
409.5Q)
365.OCX)
63.500
320,￿0
473,CQO
685,LKIO
145.000
420.000
618,000
1,105.000
403.C(M)
383.sc
1,158.0
565.000
1.723,OCIJ
A5 noted Tn the Future Plan5 Section of the Trustee5' Report, there are plan5 to invest in various aspects of ihe
charity over the next year. The following amounts have been desfj8n3ted in order to fund these artivities..
Commltted Funds
Onsite Coffee Shop, Receptton. Office, Clinic Rebuild & Kennel Store 8ud8et- £550.000,
plus IO% continenry12022." E400,CX)01.'
8ehaviouristlPuppy Classes- £35.00012022.. £35.0001',
Vet Servite5/Pop-Up Clinic- £16,OC¥J12022.. £16.OQIJI,'
Educational- £15,00012022-. £15.0￿).. and
Pel Groomin8- £2.(￿l2022.. £2.C(01
Organls•tlonal Funds
Brandin8- £l0,0￿12022.. £10,CKIOI:
Outreach Vehicle- £80,C¥JO12022.. £80.OCK)I.'
Outreach Vehicle Runnin8 Costs - £60,00012022.. £60.0001.'
SeTenity Garden - £I80.0(￿l20% funflin8 from Littlevalley. rest will be external lunding
12022.. £150.(MX)I,'
ICT Equipment- £IO.CtsJ12022.. £10.¢xJoI.
siaffAccommodation- £lOO,￿o12022." £80,CIJOI
Brixham Shop Purchase- £IIO.00012022.. £120,CKQI
Rèbbitary Rebuild- £350,OQ)12022.. £150,000>
Anirnal Community Officer Van - £25.OOJ12022.- £25.CQOI
Solar Panels £180.{￿12022..£nlI>
-29-

J ￿
pi ￿ Ln
vo
r•J

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS IcoiifiNUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
22 Operating lease c¢xnmltments
At the reporting end date the charity had outstanding cornmitments for fvture minimum lease payments
under non-cancellable operatin8 leases, which fall due a5 follows..
2023
2022
Within one year
Between two and five years
28,050
48,483
29,450
65.950
76,533
95.400
Amounts recognised in the statement of financial actNities as an expense during the period in respect of
operatin8 lease arrangements was £76,53312022: £95.4￿1.
23 Related party transactions
During the year, the Branch received all of tts legacies and some of its donations which were processed
by the Head Office of the Royal Society for the Prevention to Cruelty to Animals. This included E69.282
12022.. £69.6541 received from house to house collections.
The charity purchased animal food, dru85 and 5undries costinB £39.60312022'. £33.7521 from the Head
Office.
The charity received monie5 from the Head Office for boardin& veterinary fees and drugs rebate of
£12,29012022.' £8,351).
24 Surpluslldeficitl on shop activity
2023
2022
Income from actwities of 8ener3ting funds
Shop purchases and expense5
534,958
1475.0071
472,191
1422,0631
50.128
31-

RSPCA DEVON BRANCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
25 Cash generated from operations
2023
2022
Surplus/lDeficitl for the year
820,904
1248,9671
Adjustments for..
Dividends. interest and rents
IGainllLosse5 on Investment5
Depreciation and amortisation
Profrt on sale of fixed asset
Introduction of provision
Movement5 in working capital-
Ilncreasel/Decrease in stocks
Ilncreasel/Decrease in debtors
Increase/lDecreasel in credttors
173.7791
1136.5071
78.905
114.8401
18.250
145,3961
214,033
67.597
153,3061
2,602
2,199
12,8631
596,271
13,2661
Cash 8eneTated from operations
644.428
577,409
-32-