# **RSPCA (North Somerset Branch) Annual Report and Unaudited Financial Statements**
**For the Year Ended 31 December 2021**
**Charity Registered in England and Wales Number: 205284**
**RSPCA (North Somerset Branch)** Contents For the Year Ended 31 December 2021
||Page|
|---|---|
|Reference and Administrative Details|1|
|Trustees’ Report|2 – 6|
|Independent Examiner’s Report to the Trustees|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to Financial Statements|10 – 22|
**RSPCA (North Somerset Branch)** Reference and Administrative Details For the Year Ended 31 December 2021
|**Trustees**|C O’Leary – Chair|
|---|---|
||R Hinton – Secretary|
||C Evans – Treasurer|
||S Badger|
||V Hole|
||A Parry|
||S Parry|
||D Harris-West|
||J Whitlow|
|**Charity Number**|205284|
|**Principal Address and Registered Office**|172 Locking Road|
||Weston-super-Mare|
||North Somerset|
||BS23 3LU|
|**Independent Examiner**|Michelle Ferris BSc (Hons) FCA DChA|
||Albert Goodman LLP|
||Chartered Accountants|
||Goodwood House|
||Blackbrook Park Avenue|
||Taunton|
||Somerset|
||TA1 2PX|
______________________________________________________________________________
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Page 1
**RSPCA (North Somerset Branch)** Trustees’ Report For the Year Ended 31 December 2021
The Trustees’ present their report and accounts for the year ended 31 December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements, comply with the Charity’s governing document, applicable law and the requirement of the Statement of Recommended Practice, “Accounting and Reporting by Charities” (SORP FRS 102) (implemented 1 January 2019).
## **Trustees**
The Trustees serving during the year and since the year end are as follows:
- Ms Carol O’Leary Chairperson
- ● Mrs Rita Hinton Secretary ● Mrs Carl Evans Treasurer ● Ms Susan Badger Committee member ● Mrs Valerie Hole Committee member ● Mrs Ann Parry Committee member ● Mr Scott Parry Committee member
- Mr Daniel Harris-West Committee member
- ● Mr John Whitlow Committee member
## **OBJECTIVES AND ACTIVITIES Objectives and public benefit statement**
1 The RSPCA North Somerset Branch is an unincorporated charitable association and a separately registered branch of the Royal Society for the Prevention of Cruelty to Animals (the Society), carrying out its animal rehoming and direct animal welfare work in North Somerset and surrounding areas.
2 The objectives of the Branch are to promote the work and objectives of the Society – to promote kindness and to prevent or suppress cruelty to animals by all lawful means – with particular reference to the area of the Branch, in accordance with the policies of the Society.
3 The Trustees have reviewed the outcomes and achievements of our objectives and activities for the year, to ensure they remain focused on our charitable aims and continue to deliver benefits to the public. We have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
## **Advancement of animal welfare**
1 Under the Charities Act 2011, the advancement of animal welfare is recognised as a distinct statutory charitable purpose. This legislation and the Animal Welfare Act of 2006 indicate an acceptance by society that treating living creatures with compassion has a moral benefit for the public as a whole. Whilst this public benefit is clear, it is sometimes difficult to quantify and must be balanced against any detriment.
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Page 2
**RSPCA (North Somerset Branch)** Trustees’ Report For the Year Ended 31 December 2021
## **OBJECTIVES AND ACTIVITIES continued**
2 The Branch’s animal welfare work and rehoming, although local in nature, benefits society at large, and also aims to help people in need with the care of their animals. The next section of this report highlights the Branch’s main activities and demonstrates the benefit provided to the public (in bold). All our charitable activities, as described in more detail in the following pages of this report, focus on promoting kindness and preventing or suppressing cruelty to animals and are undertaken to further these purposes for the public benefit.
## **Charitable activities pursued for the public benefit**
1 We support our local Inspectors by providing funds for the emergency treatment and accommodation of animals, which they consider will suffer as a result of inaction or mistreatment by the owners or where the owners have financial difficulties, suffer ill health or pass away. **The Society’s Inspectorate (as well as providing education, information and advice) rescue animals in distress and enforces laws against the cruel mistreatment of animals in England and Wales by bringing prosecutions. This work is key to ‘the prevention or suppression of cruelty’ part of the RSPCA objects and promotes humane sentiments towards animals which involves moral benefit to humankind as a whole.**
2 We provide subsidised veterinary treatment for animals, which are sick or injured and belong to local people on low incomes. We do this through a voucher scheme in association with all the veterinary practices within the Branch area. The requests for assistance have increased due to Covid-19 and has put us under considerable pressure financially. **This work benefits those on means tested levels of income by giving them financial help to obtain care for companion animals in need of veterinary treatment** .
3 We provide subsidised neutering of companion animals for those in the Branch area on low incomes. We do this through a voucher scheme in association with all the veterinary practices within the Branch area. **This work helps to control dog/cat populations through neutering and benefits those on means tested level of income by giving them help to neuter companion animals, thereby promoting responsible pet ownership.**
4 Within the terms of our governing document, we support through offering kennelling space, when available, to the dog wardens for stray dogs that are found within the Branch area. **This work benefits our local community (including local authorities) by preventing stray animals posing a risk to themselves and to people through traffic accidents.**
5 We respond to enquiries (both direct and via the Society’s national call centre) from the public about animals locally. **The public benefits from knowing that we can intervene to assist animals in need.**
6 We offer free animal care advice through our Animal Centre and by the provision of publications. **The public benefits through the promotion of responsible pet ownership.**
## **Objectives and public benefit statement**
7 Within the terms of our governing documents, we support the National Society by organising and running the Home Visiting scheme for our Animal Centre and occasionally for other Branches. This ensures that animals in RSPCA care are re-homed into a suitable environment. **The public benefits from knowing that rehomed animals will have the best chance of a lifetime of companionship and safety.**
8 We provide volunteering opportunities for those who wish to support our work, including trusteeship, fostering and fundraising. We also welcome volunteers at our Animal Centre who work with the Animal Care Assistants or come to do dog walking.
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Page 3
**RSPCA (North Somerset Branch)** Trustees’ Report For the Year Ended 31 December 2021
## **ACHIEVEMENT AND PERFORMANCE**
Legacies of £22,505 were received during the 2021 financial year (2020: £51,729).
## **Investment policy and objectives**
Having regard to the liquidity requirements of the Branch and the reserves policy, the trustees have adopted a policy of keeping available funds on an interest bearing deposit account. During the 2012 financial year a portfolio of stocks and shares was acquired as part of a legacy. The trustees have decided to hold these investments for the time being but continue to monitor their value and returns.
## **FINANCIAL REVIEW**
## **Significant activities**
The cost of maintaining the Animal Centre, providing appropriate levels of care for the animals awaiting re-homing and undertaking pro-active animal welfare in the local community meant the Branch spent £276,512 (2020 - £349,055) during the year.
The total Branch expenditure was £457,180 (2020 - £594,630). The activities were funded from incoming resources of £473,423 (2020 - £652,694).
After the cost of such activities has been deducted from incoming resources the Branch ended the year with a surplus (after investment gain/losses) of £23,017 (2020 – £50,940).
## **Covid-19**
The Trustees continued to apply for all available Small Business Grants for each of their shops and received £59,821, and also applied for grants for Brent Knoll Animal Centre and were awarded £8,575. These amounts, the Trustees hope with careful control and monitoring will enable them to continue with their emergency treatment and accommodation of animals, subsidised veterinary treatment for animals, subsidised neutering of companion animals in the Branch area to those on low incomes and in emergencies kennel space to stray dogs found by the dog wardens or animals found abandoned by the general public. The Branch also maintains a level of unrestricted reserves, as set out in the reserves policy which can be utilised as required. In addition, and as set out in note 2, the Branch has also utilised the Coronavirus Job Retention Scheme totalling £37,403, and made certain other cost saving whilst the shops were closed.
## **Reserves policy**
The Branch holds reserves in order that levels of service provided for animal welfare may be maintained should there be a reduction in incoming resources.
Reserves in this context mean funds that are freely available for the Branch’s general purposes after all commitments have been met and fixed assets disregarded.
In addition to such ‘unrestricted reserves’, the Branch may also hold additional “restricted reserves”. These reserves represent funds donated for a specific purpose which cannot be used for anything other than the purpose for which they were donated.
The Branch had ‘unrestricted free reserves’ of £464,521 (2020 - £405,975) as at the year ended 31 December 2021. Such reserves represent approximately 6-8 months’ expenditure, based on total expenditure levels in 2021. No restricted reserves were held at 31 December 2021.
It is the opinion of the Trustees that the existing reserves are sufficient to meet any reduction in incoming resources.
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Page 4
**RSPCA (North Somerset Branch)** Trustees’ Report For the Year Ended 31 December 2021
## **PROJECTS UNDERTAKEN AND FUTURE PLANS**
With the closure of our shops for the first few months of the year and the closure and restricted working arrangements at Brent Knoll Animal Centre, throughout most of the year, the Trustees took the opportunity to review all aspects of their business. It was decided that now was the opportunity to engage a Branch Manager and a much needed Fundraiser to assist with steering the Trustees to improved methods of running our retail outlets and thus improve our income. We were pleased to appoint Mr Rushton as Branch Manager in September and Mrs Pawlett as Fundraising Co-Ordinator in October. However due to the difficult trading conditions following the forced closer of our shops, unfortunately our shop in Nailsea was closed by October, but our Branch Manager found new premises in Clevedon which were taken by the end of December. Brent Knoll Animal Centre staff continued working furlough arrangements until they all returned to work on 1 November. The impact of the pandemic continued and animals were viewed by appointment or by Zoom. Animals were rehomed remotely and cats were delivered to their new home by a volunteer which proved successful, as has the sale of animal food, cat litter and other items; this could be the way forward to ensure that the Charity can continue and active steps are currently being undertaken to work out the best welfare and wellbeing interests of the animals and the most cost effective use of staff. It was difficult to keep all the facilities at Brent Knoll Animal Centre in a good state of repair during two years of the pandemic but this is now front and foremost on the agenda as we now have both an excellent maintenance employee and a volunteer groundsman who are working hard to maintain good order. The number of rabbits waiting to come in is proving challenging and The Society is making finance available to assist with neutering, rabbit facilities to house them and an incentive to take them in and rehome them quickly. With the appointment of our Branch Manager with 27 years of retail experience the Branch is looking to update our till system together with computers and Wi-Fi in each shop and the Animal Centre, with the view to enable us to attract Gift Aid to boost our income.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charitable Trust is constituted by Trust Deed and its objects are that of the welfare and care of animals, the prevention of cruelty and promotion of kindness. There have been no changes in policy since the last report.
On 18 October 2019, the trustees incorporated as a body corporate. This does not affect the legal status of the charity.
## **Recruitment and appointment of new trustees**
Appointment of trustees is governed by the Trust Deed of the charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies through resignation or death of an existing trustee.
## **Organisational structure**
The Branch is governed by a Committee who are Trustees of the Branch. They have individual and collective responsibility for the management of the Branch and its funds. Subject to the overall supervision of the Society the Committee controls and monitors all the fundraising and animal welfare initiatives of the Branch. The remuneration of members of staff is determined by the Board of Trustees.
## **Wider network**
The Society of the Prevention of Cruelty to Animals was founded on 16 June 1824 and granted the ‘Royal’ prefix by Queen Victoria in 1840. The current constitution of the RSPCA was created with the adoption of the Royal Society for the Prevention of Cruelty to Animals Act in 1932. The work of the Society is governed by the RSPCA Act and by the Rules of the Society. Membership of the Society is by subscription and may be on a life, annual, ex-officio or junior basis.
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Page 5
**RSPCA (North Somerset Branch)** Trustees’ Report For the Year Ended 31 December 2021
The society is managed by an elected Council who, subject to the rules, control the affairs, funds, property and proceedings of the Society by central organisation, headquarters and branches.
## **Related parties**
All trustees give their time freely and no trustee remuneration was paid in the year. Details of trustees’ expenses and related party transactions are disclosed in note 5.
## **Statement of Trustees’ Responsibilities**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 income and expenditure 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 judgments and accounting 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 maintaining proper accounting records which 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They 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 charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
By order of the Trustees.
C Evans Treasurer
Date: 15 June 2022
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Page 6
**RSPCA (North Somerset Branch)** Independent Examiner’s Report to the Trustees For the Year Ended 31 December 2021
## **Independent examiners report to the Trustees of RSPCA (North Somerset Branch)**
I report to the trustees on my examination of the accounts for RSPCA (North Somerset Branch) (“the charity”) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).
I report in respect of my examination of the charity’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 2011 Act.
## **Independent examiner’s statement**
Since the charity’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 the charity as required by section 130 of the 2011 Act; or
2. the accounts do not comply with these records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of the 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.
Michelle Ferris BSc (Hons) FCA DChA Goodwood House for and on behalf of Blackbrook Park Avenue Albert Goodman LLP Taunton Chartered Accountants Somerset TA1 2PX
Date: 15 June 2022
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Page 7
**RSPCA (North Somerset Branch)** Statement of Financial Activities For the Year Ended 31 December 2021
|**Income from:**
Donations and legacies
2
Other trading activities
2
Investments
2
Other income
2
**Total income**
**Expenditure on:**
**Note**|**Unres-**
**tricted**
**£**
214,250
242,543
824
15,806|**Res-**
**tricted**
**£**
-
-
-
-|**Total 2021**
**£**
214,250
242,543
824
15,806|**Unres-**
**tricted**
**(as**
**restated)**
**£**
443,738
190,014
916
18,026|**Res-**
**tricted**
**£**
-
-
-
-|**Total 2020**
**(as**
**restated)**
**£**
443,738
190,014
916
18,026|
|---|---|---|---|---|---|---|
||473,423|-|473,423|652,694|-|652,694|
||||||||
|Raising funds
3|180,668|-|180,668|245,575|-|245,575|
|Expenditure on charitable
activities
4
**Total expenditure**
**Net income before other**
**recognised gains / (loss)**
**Other recognised gains**
Net gain/ (loss) on
investments
**Net income**
**before transfers**
**Transfers between funds**
11
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
(as restated)
11
**Total funds carried forward**|||||||
||276,512|-|276,512|349,055|-|349,055|
||||||||
||457,180|-|457,180|594,630|-|594,630|
||16,243|-
-|16,243
6,774|58,064
(7,124)|-
-||
|||||||58,064|
|||||||(7,124)|
||6,774||||||
||||||||
||23,017
-|-
-|23,017
-|50,940
-|-
-|50,940
-|
||23,017|-|23,017|50,940|-|50,940|
||||2,439,759|||2,388,819|
||2,439,759|-||2,388,819|-||
||||||||
||2,462,776|-|2,462,776|2,439,759|-|2,439,759|
The statement of financial activities has been prepared on the basis that all operations are continuing operations. There were no gains or losses arising in the period that are not shown above.
The statement of financial activities incorporates the income and expenditure account.
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Page 8
**RSPCA (North Somerset Branch)** Balance Sheet As at 31 December 2021
**----- Start of picture text -----**
2021 2020
(as restated)
£ £
Note
Fixed assets
Tangible fixed assets 7 1,745,097 2,008,900
Investments 8 253,158 24,884
1,998,255 2,033,784
Current assets
Stock 5,625 12,878
Debtors 9 20,109 20,828
Cash at bank and in hand 469,291 397,555
495,025 431,261
Liabilities
Creditors falling due within one year 10 (30,504) (25,286)
Net current assets 464,521 405,975
Total net assets 2,462,776 2,439,759
The funds of the charity:
Restricted funds 11 - -
Unrestricted funds 11 2,462,776 2,439,759
Total charity funds 2,462,776 2,439,759
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees on 15 June 2022 and signed on their behalf by:
C Evans Treasurer
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Page 9
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **1 Accounting policies**
The principle accounting policies adopted in the preparation of the financial statements are:
## 1.1 **Basis of accounting**
The financial statements have been prepared in £ sterling on the historical cost basis and in accordance with 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) (effective 1 January 2019) – (Charities SORP FRS 102).
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
The trustees have reviewed the net asset position of the charity and, given reserves and cash available, consider that the charity remains a going concern.
## **Prior period errors**
A prior period adjustment has been made to reclassify Fixtures and Fittings which had been previously recognised as Freehold Property, and to charge depreciation on these Fixtures and Fittings (at 2% Straight Line) which had previously not been depreciated. £1,584,501 of the cost brought forward at 1 January 2020 has been reclassified from Freehold Property to Fixtures and Fittings brought forward. Additional depreciation of £332,768 has been charged to Fixtures and Fittings depreciation brought forward at 1 January 2020 (previously £106,133), and therefore funds brought forward at 1 January 2020 has reduced by £332,768 from £2,721,587 to £2,388,819. A further depreciation charge of £35,742 has been charged to Fixtures and Fittings depreciation in the 31 December 2020 year end, reducing the surplus for the year from £86,682 to £50,940, and therefore reducing closing funds from £2,808,269 to £2,772,527. The free reserves for the year ended 31 December 2020 remains unchanged, at £405,975.
## 1.2
## **Income**
Donations, legacies and other forms of voluntary income are recognised as income in the year in which they are receivable when there is evidence of entitlement, receipt is probable and the amount can be reliably measured. Donations and other voluntary income are recognised on receipt. Grants are recognised as soon as they are acknowledged in writing.
Income from government grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Where no conditions are attached to the grant income they are recognised within donations and legacies and where conditions relating to performance of services are attached, grant income is recognised in income from charitable activities within the Statement of Financial Activities Income from other trading activities includes income relating to fundraising and is included in the Statement of Financial Activities when receivable.
Income from the shops are recognised at the point of sale.
## 1.3 **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## 1.4 **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:
Fixtures, fittings and equipment 2% straight-line or 15% on reducing balance Motor vehicles 25% on reducing balance Plant and machinery 5% straight-line
Tangible fixed assets for use by the charity where the cost is greater than £500 and their expected useful life exceeds one year.
It is the branch’s policy to maintain the freehold property in a state of sound repair, the costs being written off to the statement of financial activities when incurred. Accordingly the trustees believe the useful economic life of the buildings is so long and that the residual value, measured in prices prevailing at the time of acquisition, is so high that any depreciation is not material to these accounts. Any permanent diminution in the value of freehold property is recognised in the statement of financial activities when incurred. A policy of revaluation of freehold properties has not been adopted.
- 1.5 **Investments**
Listed investments are included at market value.
## 1.6 **Stocks**
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Stock is calculated on a first in, first out basis.
In line with the charities SORP FRS 102, it is considered that the costs of valuation of goods donated for resale outweighs the benefits to users of the financial statements and therefore donated goods are recognised when sold.
## 1.7 **Debtors**
Trade debtors and accrued income are recognised at the settlement amount due after any trade discount offered and any impairment necessary. Prepayments are valued at the amount prepaid net of any trade discounts due.
## 1.8 **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## 1.9 **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
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**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## 1.10 **Fund accounting**
Funds held by the charitable company are one of the following types:-
- Unrestricted general funds – these funds can be used in accordance with the charitable objects at the discretion of the Trustees.
- Designated funds – these funds are set aside out of unrestricted general funds for specific future purposes, projects, or reserves.
- Restricted funds – these funds can only be used for the particular restricted purposes within the objects of the charity. Restrictions arise when funds raised are for a specific purpose.
- Further explanations of the nature and purpose of each fund are included in the notes to the financial statements.
## 1.11 **Taxation**
As a registered charity, the company is exempt from corporation tax and capital gains tax, to the extent that income and gains are applied to charitable purposes but not Value Added Tax.
## 1.12 **Operating leases**
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.
## 1.13 **Pension contributions**
The charity operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. Contributions are recognised in the Statement of Financial Activities in the period in which they become payable in accordance with the rules of the scheme.
## 1.14 **Financial instruments**
The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:
Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost and details in note 14. Investments are basic financial instruments measured at fair value through the income and expenditure account. Prepayments are not financial instruments.
Cash at bank – is classified as a basic financial instrument and is measured at face value.
Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost and detailed in note 14. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.
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**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
**----- Start of picture text -----**
2 Incoming resources from generated funds
Unres- Res- Unres- Res-
tricted tricted 2021 Total tricted tricted 2020 Total
£ £ £ £ £ £
Donations and legacies
Donations 85,946 - 85,946 95,473 - 95,473
- -
Legacies 22,505 22,505 51,729 51,729
- - - -
Covid-19 grant from HQ 108,000 108,000
Exceptional government funding
Coronavirus Job Retention
- -
Scheme grant* 37,403 37,403 84,532 84,532
- -
Other Covid grants* 68,396 68,396 104,004 104,004
- -
214,250 214,250 443,738 443,738
Other trading activities
Fundraising events 7,189 - 7,189 370 - 370
- -
Shop income 235,354 235,354 189,644 189,644
- -
242,543 242,543 190,014 190,014
Investments
Investment income 824 - 824 916 - 916
824 - 824 916 - 916
Other income
Rent received 7,920 - 7,920 8,640 - 8,640
Wind turbine income 7,886 - 7,886 9,386 - 9,386
- -
15,806 15,806 18,026 18,026
- -
473,423 473,423 652,694 652,694
**----- End of picture text -----**
## * denotes government grants
The charity has been eligible to claim additional funding in year from government support schemes in response to the coronavirus outbreak. The funding received is shown above under “exceptional government funding”. The charity furloughed some of its staff under the governments CJRS. The funding received £37,403 (2020 - £84,532) relates to staff costs which are included within note 6 as appropriate. In addition, small business grants of £68,396 (2020 - £104,004) were received during the year.
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**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **3 Expenditure on raising funds**
**----- Start of picture text -----**
Unres- Res- Unres- Res-
tricted tricted 2021 Total tricted tricted 2020 Total
£ £ £ £ £ £
Raising funds
Goods for resale 10,306 - 10,306 4,533 - 4,533
- -
Wages 95,079 95,079 104,230 104,230
- -
Shop rents and services 74,714 74,714 136,271 136,271
Sundry event costs 569 - 569 541 - 541
- -
180,668 180,668 245,575 245,575
**----- End of picture text -----**
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**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
|**4**
**Expenditure on charitable activities**|**4**
**Expenditure on charitable activities**|**4**
**Expenditure on charitable activities**||||
|---|---|---|---|---|---|
|
**Direct costs**
Wages
Rates and water
Vet fees
Motor expenses
Identi-chipping and animal
training
Animal food
Maintenance and repairs
Sundry expenses
Staff training
Depreciation &
loss on disposal
Total direct costs
**Support costs**
**Management**
Rates and water
Telephone
Postage and stationary
Bookkeeping services
Professional fees
Independent examiners
remuneration
**Finance**
Bank charges and interest
Total support costs
**Total**|
**Unres-**
**tricted**
**£**
153,232
7,095
13,560
1,296
1,698
1,897
15,280
1,589
847
48,859
245,353
7,659
974
5,153
7,661
4,596
1,410
27,453
3,706
3,706
31,159
276,512|
**Res-**
**tricted**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**2021 Total**
**Unres-**
**tricted**
**(as restated)**
**£**
**£**
153,232
219,665
7,095
9,881
13,560
19,642
1,296
2,138
1,698
3,984
1,897
1,476
15,280
13,740
1,589
1,007
847
624
48,859
51,415
245,353
323,572
7,659
2,324
974
899
5,153
5,656
7,661
8,891
4,596
3,800
1,410
1,340
27,453
22,910
3,706
2,573
3,706
2,573
31,159
25,483
276,512
349,055|**Res-**
**tricted**
**2020 Total**
**(as restated)**
**£**
**£**
-
219,665
-
9,881
-
19,642
-
2,138
-
-
3,984
-
1,476
-
13,740
-
1,007
-
624
-
51,415
-
323,572
-
2,324
-
899
-
5,656
-
8,891
-
3,800
-
1,340
-
22,910
-
2,573
-
2,573
-
25,483
-
349,055||
||||||323,572
2,324
899
5,656
8,891
3,800
1,340|
||||||22,910
2,573|
||||||2,573|
||||||25,483|
||||||349,055|
|||||||
## **5 Trustee Expenses**
None of the Trustee Directors (or any persons connected) received any remuneration during the period, and none were reimbursed any expenses (2020 - £nil).
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 15
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **6 Employees**
## **Number of employees**
The average monthly head count of employees during the period was:
**----- Start of picture text -----**
2021 2020
Shop and kennel staff 15 21
15 21
2021 2020
£ £
Wages and salaries 233,539 289,925
Social security costs 10,799 12,225
Pension costs 3,973 4,227
-
Redundancy and termination costs 17,518
248,311 323,895
**----- End of picture text -----**
No employee received remuneration of more than £60,000 in the period (2020 – none).
During the prior year, total costs of £11,753 was paid in respect of five employee redundancies and £5,765 was paid in respect of one Payment In Lieu of Notice. The amounts were full and final with no outstanding amounts at the balance sheet date.
## **Key management personnel**
The key management personnel of the charity are considered to be the deputy centre manager (to September 2021) and the branch manager (appointed October 2021). The total costs to the charity of employee benefits for the key management personnel were £26,149 (2020 - £44,081).
## **Pension costs**
The charity operates a defined contribution pension scheme. The charge to the Statement of Financial Activities for the year is shown above.
Contributions totalling £1,213 (2020 - £1,052) were payable to the scheme at the end of the year and are included in creditors.
Produced by Albert Goodman
Page 16
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **7 Tangible fixed assets**
|**Freehold**
**Property**
**(as restated)**
**£**
**Cost**
At 1 January 2021
695,695
Additions
-
Reclassification
(to investment property)
(221,500)
At 31 December 2021
474,195
**Depreciation**
At 1 January 2021
-
Charge for the year
-
At 31 December 2021
-
**Net book value**
At 31 December 2021
474,195
At 31 December 2020
695,695|**Plant &**
**Machinery**
**£**
58,365
-
-
58,365
23,345
2,918
26,263
32,102
35,020|**Fixtures &**
**Fittings**
**(as restated)**
**£**
1,754,784
6,556
-
1,761,340
484,270
44,023
528,293
1,233,047
1,270,514|**Motor**
**Vehicles**
**Total**
**(as restated)**
**£**
**£**
36,838
2,545,682
-
6,556
-
(221,500)
36,838
2,330,738
29,167
536,782
1,918
48,859
31,085
585,641
5,753
1,745,097
7,671
2,008,900|**Motor**
**Vehicles**
**Total**
**(as restated)**
**£**
**£**
36,838
2,545,682
-
6,556
-
(221,500)
36,838
2,330,738
29,167
536,782
1,918
48,859
31,085
585,641
5,753
1,745,097
7,671
2,008,900|
|---|---|---|---|---|
|||||2,330,738|
|||||536,782
48,859|
|||||585,641|
|||||1,745,097|
|||||2,008,900|
||||||
During the year, the charity has reclassified a property held for investment, Erica Cottage, from Freehold Property to Investment Property.
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 17
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
|**8**
**Fixed asset investments**|||
|---|---|---|
|Listed Investments
Investment property
**Total Fixed Asset Investments**
**Listed Investments:**
**Market value**
At 1 January 2021
Revaluation gain / (loss)
**At 31 December 2021**
**Historical cost**
At 1 January 2021
At 31 December 2021
**Investment property:**
**Market value**
At 1 January 2021
Reclassification (from fixed assets)
**At 31 December 2021**
**Historical cost**
At 1 January 2021
Reclassification (from fixed assets)
At 31 December 2021|**2021**
**Total**
**£**
31,658
221,500
**253,158**
**2021**
**Total**
**£**
24,884
6,774
**31,658**
27,945
27,945
**2021**
**Total**
**£**
-
221,500
**221,500**
-
221,500
221,500|**2020**
**Total**
**£**
24,884
-|
|||**24,884**|
|||**2020**
**Total**
**£**
32,008
(7,124)|
|||**24,884**|
|||27,945|
|||27,945|
|||**2020**
**Total**
**£**
-
-|
|||**-**|
|||-
-|
|||-|
||||
The investment property consists of a property held for investment, Erica Cottage. The property is being held at market value at acquisition and the trustees have confirmed this remains appropriate.
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 18
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **9 Debtors**
**----- Start of picture text -----**
2021 2020
£ £
Trade debtors 7,104 8,487
Other debtors and prepayments 13,005 12,341
20,109 20,828
**----- End of picture text -----**
## **10 Creditors: Amounts falling due within one year**
**----- Start of picture text -----**
2021 2020
£ £
Trade creditors 28,059 12,943
Other creditors 2,445 12,343
30,504 25,286
**----- End of picture text -----**
Produced by Albert Goodman LLP
Page 19
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **11 Summary of movement in funds**
|**Unrestricted funds**
General fund
**Total funds**|**Opening**
**Balance**
**01/01/2021**
**(as restated)**
**£**
2,439,759
2,439,759|**Income**
**£**
473,423
473,423|**Expenditure**
**£**
(457,180)
(457,180)|**Gains/**
**(Losses)**
**£**
6,774
6,774|**Closing**
**Balance**
**31/12/2021**
**£**
2,462,776|
|---|---|---|---|---|---|
||||||2,462,776|
|||||||
|**Summary of movement in funds- prior year**
**Opening**
**Balance**
**01/01/2020**
**(as restated)**
**£**
**Unrestricted funds**
General fund
2,388,819
**Total funds**
2,388,819||**Income**
**£**
652,694
652,694|**Expenditure**
**£**
(594,630)
(594,630)|**Gains/**
**(Losses)**
**£**
(7,124)
(7,124)|**Closing**
**Balance**
**31/12/2020**
**(as restated)**
**£**
2,439,759|
||||||2,439,759|
|||||||
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 20
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **12 Analysis of assets between funds**
|**Fixed**
**Assets**
**£**
Unrestricted
1,998,255
Restricted
-
**At 31 December 2021**
1,998,255
**Analysis of assets between funds – prior year**|**Fixed**
**Assets**
**£**
Unrestricted
1,998,255
Restricted
-
**At 31 December 2021**
1,998,255
**Analysis of assets between funds – prior year**|**Current**
**Assets**
**£**
495,025
-
495,025|**Current**
**Liabilities**
**£**
(30,504)
-
(30,504)|**Total**
**£**
2,462,776
-|
|---|---|---|---|---|
|||||2,462,776|
||||||
|Unrestricted (as restated)
Restricted
**At 31 December 2020**|**Fixed**
**Assets**
**(as restated)**
**£**
2,033,784
-
2,033,784|**Current**
**Assets**
**£**
431,261
-
431,261|**Current**
**Liabilities**
**Total**
**(as restated)**
**£**
**£**
(25,286)
2,439,759
-
-
(25,286)
2,439,759||
|||||2,439,759|
||||||
## **13 Financial commitments**
At 31 December 2021 the charity was committed to making the following payments under noncancellable operating leases:
|Operating leases which expire:
Premises:
Within one year
2-5 years|**2021**
**£**
33,327
-
33,327|**2020**
**£**
49,786
5,208|
|---|---|---|
|||54,994|
||||
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 21
**RSPCA (North Somerset Branch)** Notes to the Financial Statements For the Year Ended 31 December 2021
## **14 Financial instruments**
|Financial assets measured at fair value through
the income and expenditure account|Financial assets measured at fair value through
the income and expenditure account|Financial assets measured at fair value through
the income and expenditure account|**2021**
**£**
253,158|**2020**
**£**
24,884|
|---|---|---|---|---|
|Financial assets that are debt instruments measured at amortised cost|||476,395|406,312|
||||729,553||
|||||431,196|
||||||
|Financial liabilities measured at amortised cost|||29,112|24,055|
|**2021**|**Income**
**£**|**Expense**
**£**|29,112
**Net gains**
**£**||
|||||24,055|
|||||**Net losses**
**£**|
|Financial assets measured at fair|||||
|value through the income
and expenditure account|824|-|6,774|-|
|Financial assets measured at|-|-|-|-|
|amortised cost|||||
|Financial liabilities measured at|-|-|-|-|
|amortised cost
**2020**|824|-|6,774||
|||||-|
||||||
|Financial assets measured at fair|||||
|value through the income
and expenditure account|916|-|-|7,124|
|Financial assets measured at|-|-|-|-|
|amortised cost|||||
|Financial liabilities measured at|-|-|-|-|
|amortised cost|916|-|-||
|||||7,124|
||||||
______________________________________________________________________________
Produced by Albert Goodman LLP
Page 22