‘ oo
.
.
REGISTERED CHARITY NUMBER: 205961
Report of the Trustees and
Unaudited Financial Statements
Eor The Year Ended 31 December 2021
for
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Bromhead Harscombe House 1 Darklake View Plymouth Devon PL6 7TL
. .
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Contents of the Financial Statements For The Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financia! Activities | 7 | ||
| Statement of Financial Position | 8 | ||
| Statement ofCash Flows | 9 | ||
| Notes to the Statement ofCash Flows | 10 | ||
| NotestotheFinancialStatements | 11 | to | 18 |
Report of the Trustees For The Year Ended 31 December 2021
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
The trustees submit their annual report under the Charities Act 2011 and the financial statements for the year ended 31 December 2021. The trustees have adopted the provisions of 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.
OBJECTIVES AND ACTIVITIES
Charitable Objectives
The Royal Society for the Prevention of Cruelty to Animals (RSPCA) Plymouth and South West Devon Branch, is registered in England and Wales (no.205961). Our charitable objects are to promote kindness to prevent or suppress cruelty to animals and to do all such lawful acts as the branch may consider to be conducive or incidental to the attainment of those objects.
Main Activities
These objectives are achieved through a range of services which operate 365 days a year across the Plymouth and South West Devon region. The principle activity of the association during the year was the treatment and welfare of animals by treating the sick and injured and continuing with rehoming, spaying and neutering schemes.
These objectives are met by general public donations, legacies, monies received from investment properties and portfolio's and through the trading of charity shops in and around the Plymouth area.
Public Benefit
The Trustees pay due regard to the Charity Commission guidance on public benefit and meet the requirements of the Charities Act 2011 through the prevention on cruelty and promotion of kindness to animals as this gives a moral benefit in humans towards animals as a whole.
The main activity in furthering the Charity's purpose as public benefit is responding to public requests to help injured or sick animals and adhering to the law if applicable regarding the treatment of animals. We work with vestiary professionals for each animal under our care to set treatment plans in the interest of each animal, and the charity funds such vet costs. We provide services, often free of charge, and aim to find suitable new homes for animals in our care. Volunteers RSPCA Plymouth & South West Devon Branch relies on volunteers to carry out management and administration, in particular regarding the furtherance of the charity shops operated under the RSPCA branch. The Charity has no paid Trustees or volunteers.
Funding
The primary source of funding for the Charity is the takings from three charity shops we run.
Donations are vital to meeting the costs of care and these are sought through collection boxes and legacies. The branch also receives a percentage of the RSPCA Society's door to door collection funding each year which totalled £24,134 in 2021 (£25,173 in 2020).
Rental income is also received from the investment properties held above the charity shops.
Page 1
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity has maintained its animal welfare objective and has raised funds to continue the work in helping animal _ in need of care, re-homing, spaying or neutering. This year the charity has overall supported 600 animals, which includes 100 animals we have rehomed through our successful rehoming programme.
These animals are cared for through the healthy relationship held with local animal shelters where the Charity uses the donations received to pay for the treatment the animal needs prior to being re-homed. Re-homing is a careful process with the animals long term welfare at the forefront of all decisions.
We have continued our spaying and neutering programme, which the Charity is able to offer to any animal in need, at a reduced rate, or free of charge, depending upon circumstances. 247 animals were spayed and neutered in the first 8 months of 2021. No small number in view of the constraints imposed by the lockdown. Veterinary Practices have been restricted (on BVA advice) to undertake only emergency treatment and spaying and neutering was not deemed an emergency. However early in the year the Branch was advised by RSPCA Head Quarters that this coalition scheme with another local animal welfare registered charity did not comply with Charity Commission or RSPCA Head Quarters rules and would have to cease. The scheme could continue if a legal agreement was drawn up between the two charities involved in delivery of the programme, however both sets of trustees met separately and each decided not to go down this route. Therefore from August 2021 both charities would undertake spaying and neutering independently. This was a great disappointment to both charities. We have been working as a team for 29 years and indeed were congratulated by RSPCA Head Quarters some years ago on what we had achieved deeming it to be "a real tribute to the branch". Over that time we have successfully treated 15,731 animals. Our work in neutering will continue despite this setback.
Raising funds
The Charity raises funds from running three charity shops. Due-.to the ongoing effects of the Coronavirus pandemic and necessary closures, shop takings have remained lower than usual. These shops rely solely on volunteers so all surplus funds can be used to further the charitable purpose of animal welfare.
Investment performance
The charity receives investment income from three properties it owns and also investment portfolio's managed by Lloyds and Rowan Dartington.
The properties continue to provide a relatively consistent amount of unrestricted revenue and tenants occupied most of the properties for the whole financial year. We continue to maintain a health relationship with the management company the charity pay to manage the properties on our behalf.
The investment portfolios have been further expanded this year and have had a successful year. The portfolios have seen an unrealised gain of £20,814 (2020: £6,093) in regards to the market value of the fixed investments held at the balance sheet date.
Fundraising statement
In a normal year, the RSPCA Plymouth and South West Devon Branch holds an annual sireet collection locally in order to raise funds and awareness of the charity. Due to ongoing uncertainties from the Coronavirus pandemic during 2021, the decision was made to suspend this for a second year and no such events were held. We do not employ fund raising agencies, or undertake telephone fund raising programs.
FINANCIAL REVIEW
Financial position
{In the year ended 31 December 2021 the Charity had a deficit of £24,867 (2020; surplus £41,877) of incoming resources against resources expended.
Total income received for the year was £113,217 compared to £189,762 in the previous financial year and is a result of fall in donations largely from legacies.
This year it was necessary to carry out substantial repairs to one of the properties at a cost of £6,460. This unexpected cost together with the fall in donations has led to the deficit this year.
Page 2
‘ '
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2021
FINANCIAL REVIEW
Investment policy and performance
The management committee has considered the most appropriate policy for investing funds and has found that investing funds in a deposit account, moderate investment portfolio and three investment properties meets their requirements. The committee consider the return that they receive on their investments to be satisfactory.
The charity has three investment properties in operation and they generated income of £17,318 (2020; £16,088).
The Charity also has investments held with Lloyds TSB Private Banking and Rowan Dartington, the Charity advises both companies to maintain a policy of avoiding adverse financial risk.
This is kept under review annually by the Board.
Reserves policy
It is the policy of the Charity to try and maintain a level of free reserves, that are those unrestricted funds which are not invested in fixed assets, designated for a specific purpose or otherwise committed should be at least 18 months of resources expended which equates to circa £250,000 in general funds. It is the trustee's opinion that this level of reserves would be adequate to maintain uninterrupted services in the event of a major loss in funding.
The level of funds are reviewed on a regular basis by the trustee's together with known and likely future demands on those funds.
At the end of the financial year total unrestricted funds, excluding investments held, are £1,099,829 (2020; £1,152,006)
The charity is currently holding reserves in excess of the reserves policy. The charity would like to build or purchase a suitable homing centre in future to expand the number of animals it can care for. Reserves are currently not sufficient to do this but the Trustees continue to monitor.
Going concem
After undertaking appropriate reviews and enquiries, the trustees have reasonable expectation that the Trust has adequate resources to continue in existence for the foreseeable future. As with most charitable enterprises, the continued sucess of the Charity and indeed appropriateness of the going concer status is dependent on future income being generated at sustainable levels.
EVENTS SINCE THE YEAR END AND PLANS FOR FUTURE PERIODS
Our plan is to continue all current activities surrounding the welfare and protection of animals we support. We aim to consolidate the investment portfolio with Rowan Dartington in order to generate further income for the charity. Rowan Dartington provide investments that are ethical in relation to animal welfare and already has a strong relationship with the RSPCA headquarters.
Govemment enforced national lockdowns in responds to the coronavirus pandemic has resulted in the temporary closure of all our charity shops. As soon as restrictions permit these will be re-opened.
Our long term goal is to construct our own animal shelter to provide for all animal in the Plymouth area. As at the balance sheet date our funds are not yet at a level to achieve this and support the ongoing costs it would incur, but this is monitored on an annual basis.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is governed by it's constitution under the RSPCA Acts 1932, 1940, and 1958 and constitutes an unincorporated charity.
Recruitment and appointment of new trustees
The members shall carry out the election of the officers and committee members at the Annual General Meeting. Nominations shall be made in writing and delivered to the secretary. Each nomination must be proposed and seconded by a voting member of the Association and accompanied by the written consent of the nominee.
New trustees are inducted into the workings of the Charity during meetings held.
All current trustees are re-elected at the Annual General Meeting by way of a seconded proposal by other trustees.
Trustees are selected according to their experience and often previous engagement with the Charity. This enables the Charity to determine the individuals commitment to animal welfare.
Page 3
‘
‘
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisatlonal structure
Overall responsibility for the management of the Charity is vested in the Trustees.
The Charity is an unincorporated association which holds at least six committee meetings during the year. These meetings are organised by the Trustees to continue with the work necessary to maintain the objects of the association.
The Charity is managed on a day to day basis by the Trustees.
Risk management
The Trustees are responsible for the management of the risks faced by the Charity. The Trustees continue to examine the major intemal and external risks that the charity faces. Systems are in existence to monitor and control these risks to mitigate any impact that they may have on the charity in the future.
The key controls used by the charity include:
Formal agendas for all Committee and Board meetings.
Comprehensive strategic planning, budgeting and management accounting.
Established organisational structure and lines of reporting. Clear authorisation and approval levels.
The Trustees recognise that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
Governance statement
The trustees have had due regard to principals of recommended practices as set out by the "Charity Governance Code” and have applied these wherever practical and in decision making.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 205961
Principal address 80 Grenville Road St Judes
Plymouth Devon PL4 SPY
Trustees
Mrs A Hindle Secretary Mrs L Parker Mrs C Maddick Treasurer Mrs J Bennett J Wallace Chairperson Mrs C Bowles (resigned 8.12.21) Mrs A Dyer Mrs Z Coello (appointed 8.12.21)
Independent Examiner Bromhead Harscombe House 1 Darklake View Plymouth Devon PL6 7TL
The Charity is registered with the Charity Commission under the charity number 205961. The appointed trustees, principle address and details of the charity's advisors are given above.
Page 4
,
'
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trusteses For The Year Ended 31 December 2021
Approved by order of the board of trustees on oA, Nady 202 2:canc signed on its behalf by:
Boe ee ae PAS NA eeceesssseeee
Page 5
,
'
Independent Examiner's Report to the Trustees of Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Independent examiner's report to the trustees of Royal Soclety for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch | report to the charity trustees on my examination of the accounts of Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any materia! respect:
- accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| 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.
James Groves FCA Bromhead Harscombe House 1 Darklake View Plymouth Devon PL6 7TL
Date: _8/sfrer.
Page 6
‘
»
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Statement of Financial Activities For The Year Ended 31 December 2021
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|31.12.21|31.12.20|
|Unrestricted|Restricted|Total|Total|
|funds|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|2|51,923|-|51,923|117,981|
|Charitable|activities|5|
|Treatment|and|welfare|of animals|1,554|-|4,554|3,170|
|Other|trading|activities|3|35,575|-|35,575|47,691|
|Investment|income|4|24,165|-|24,165|20,920|
|Total|113,217|-|113,217|189,762|
|EXPENDITURE|ON|
|Raising|funds|6|25,344|-|25,344|14,322|
|Charitable|activities|7|
|Treatment|and|welfare|of animals|128,786|-|128,786|139,409|
|Total|154,130|-|154,130|153,731|
|Net|gains|on|investments|16,046|-|16,046|5,846|
|NET|INCOME/(EXPENDITURE)|(24,867)|-|(24,867)|41,877|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|1,679,815|-|1,679,815|1,637,938|
|TOTAL|FUNDS CARRIED FORWARD|1,654,948|-|1,654,948|1,679,815|
----- End of picture text -----
The notes form part of these financial statements
Page 7
, ,
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Statement of Financial Position 31 December 2021
| 31.42.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| Unrestricted funds |
Restricted fund |
Total funds |
Total funds |
||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 14 | 66,326 | - | 66,326 | 67,432 |
| Investments | |||||
| Investments | 15 | 240,119 | - | 240,119 | 212,809 |
| Investment property | 16 | 315,000 | - | 315,000 | 315,000 |
| 621,445 | - | 621,445 | 595,241 | ||
| CURRENTASSETS | |||||
| Debtors | 17 | 9,201 | - | 9,201 | 6,188 |
| Cash at bank and in hand | 1,052,727 | - | 1,052,727 | 1,090,361 | |
| 1,061,928 | - | 1,061,928 | 1,096,549 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 18 | (28,425) | - | (28,425) | (11,975) |
| NETCURRENTASSETS | 1,033,503 | - | 1,033,503 | 1,084,574 | |
| TOTALASSETS LESSCURRENT LIABILITIES | 1,654,948 | - | 1,654,948 | 1,679,815 | |
| NETASSETS | 1,654,948 | - | 1,654,948 | 1,679,815 | |
| FUNDS | 19 | ||||
| Unrestricted funds | 1,654,948 | 1,679,815 | |||
| TOTALFUNDS | 1,654,948 | 1,679,815 |
The financial statements were approved by the Board of Trustees and authorised for issue on (EagerWS eneguuysstsseageseagersenegegeWEY yey ANd Were signed9 on its behalfy by:
coke2S C Maddick - Trusteedh des the
The notes form part of these financial statements
Page 8
'
.
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
| Statement ofCash Flows | |||
|---|---|---|---|
| For | The Year Ended 31 December 2021 | ||
| 31.12.21 | 31.12.20 | ||
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (26,370) | 18,385 |
| Netcash (used in)/provided by operating activities | (26,370) | 18,385 | |
| Cash flows from investing activities | |||
| Purchase offixed asset investments | (112,147) | (184,154) | |
| Sale offixed asset investments | 100,883 | 8,789 | |
| Net cash used in investing activities | (11,264) | (175,365) | |
| Change in cash and cash equivalents in | |||
| the reporting period | (37,634) | (156,980) | |
| Cash and cash equivalents atthe | |||
| beginning ofthe reporting period | 1,090,361 | 1,247,341 | |
| Cash and cash equivalents at the end of | |||
| thereportingperiod | 1,052,727 | 1,090,361 |
The notes form part of these financial statements
Page 9
‘ .
Royal Soclety for the Pravention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Statement of Cash Flows For The Year Ended 31 December 2021
1. RECONCILIATION OF NET (EXPENDITURE)ANCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|31.12.21|31.12.20|
|£|£|
|Net|(expenditure)/income|for|the|reporting|period|(as|per|the|
|Statement of|Financial|Activities)|(24,867)|41,877|
|Adjustments|for:|
|Depreciation|charges|1,106|1,108|
|Gain|on|investments|(16,046)|(5,212)|
|(Increase)/decrease|in|debtors|(3,013)|4,122|
|Increase/(decrease)|in|creditors|16,450|(23,510)|
|Net cash|(used|in)/provided|by|operations|(26,370)|18,385|
----- End of picture text -----
ANALYSIS OF CHANGES IN NET FUNDS
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|At|1.1.21|Cash|flow|At|31.12.21|
|£|£|£|
|Net|cash|
|Cash|at|bank|and|in|hand|1,090,361|(37,634)|1,052,727|
|1,090,361|(37,634)|1,052,727|
|Total|1,090,361|(37,634)|1,052,727|
----- End of picture text -----
,
The notes form part of these financial statements
Page 10
, ‘
- ACCOUNTING POLICIES
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Financial Statements For The Year Ended 31 December 2021
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The trustees consider there are no material uncertainties about the Charity's ability to continue as a going concern. These financial statements are prepared on a going concern basis. The financial statements are prepared in sterling which is the functional currency of the Charity and is rounded to the nearest £1.
The organisation operates as an unincorporated charity.
Income
Donations and collection boxes are recognised in the year in which the Charity is entitled to and certain of receipt and the amount can be measured with reasonable certainty, this policy is also applied to all income from the 3 charity shops shown under other trading activities in the statement of financial position.
Legacies are recognised in the financial year that along with established entitlement there is reasonable probability the legacy will be received and the amount can be measured with sufficient accuracy.
Investment income is accounted for in the year during which it is received. Expenses incurred in relation to this income are shown separately within the statement of financial activities.
Income recognised under charitable activities is received based on the number of animals the charity as successfully able to re-home during the financial year. 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 of the obligation 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.
Governance costs and support costs
These costs have been allocated between governance and other support costs. Governance costs comprise all costs involving the public accountability of the Charity and costs related to statutory requirements. Governance and support costs relate to the primary activity of the charitable purpose.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Freehold property
Freehold property comprises of two shops the charity operate from and is included in these financial year statements at deemed cost at the year of transition (2016). Depreciation is charged 2% per annum on_ the straight line basis from 1 January 2016.
Plant and machinery
These are stated at cost less depreciation. Depreciation is charged at 15% per annum on the reducing balance basis.
Fixtures and fittings
These are stated at cost iess depreciation and is provided at 15%, 20% and 25% on a reducing balance basis over its estimated useful life.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Page 11
continued...
: .
Royal Socisty for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
All funds received by the Charity in the financiat year. are unrestricted and can be used in accordance with the charitable objectives at the discretion of the trustees.
Recognition and valuation of donated goods for resale
It is impractical to estimate fair value on the donated goods due to the low volume of low-value items and absence of detailed stock control systems or records. Therefore all donated goods for resale are not recognised on receipt but instead the value is recongised when the donated goods are sold as income.
Investments
Investments are stated at market value as at the balance sheet date. The Statement of Financial Activities includes the net gains or losses arising on revaluation and disposals throughout the year.
DONATIONS AND LEGACIES
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|31.12.21|31.12.20|
|£|£|
|Legacies|18,625|87,018|
|Gift|aid|income|-|126|
|Collection|Boxes|24,134|25,173|
|Miscellaneous|donations|and|collections|9,164|5,664|
|51,923|117,981|
|3.|OTHER|TRADING|ACTIVITIES|
|31.12.21|31.12.20|
|£|£|
|Tavistock|takings|13,657|12,001|
|St|Judes|takings|-|1,326|
|Milehouse|takings|7,153|4,364|
|Goverment|grants|14,765|30,000|
|35,575|47,691|
|4.|INVESTMENT|INCOME|
|31.12.21|31.12.20|
|£|£|
|Rents|received|17,318|16,088|
|Bank|and|Building|Society|Interest|6,847|4,832|
|24,165|20,920|
----- End of picture text -----
This includes gross income received by an independent management property that manage 3 investment properties held by the Charity. All expenses related to these properties are shown under rasing funds on the statement of financial activities.
Interest includes all receipts of interest from the investment portfolio as well as any bank interest received in the current financial year.
Page 12
continued...
‘
.
Roya! Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
- INCOME FROM CHARITABLE ACTIVITIES
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|31.12.21|31.12.20|
|Activity|£|£|
|Homing|fees|Treatment|and|welfare|of animals|1,554|3,170|
|6.|RAISING|FUNDS|
|Raising|donations|and|legacies|
|31.12.21|31.12.20|
|£|£|
|Administration|charges|-|1,202|
|Other|trading|activities|
|31.12.21|31.12.20|
|£|£|
|Rent|and|rates|6,869|5,681|
|Insurance|992|476|
|Building|repairs|7,096|1,543|
|Light|and|heat|841|1,712|
|Support|costs|781|423|
|16,579|9,835|
|investment management|costs|
|31.12.21|31.12.20|
|£|£|
|Light|and|heat|(284)|950|
|Insurance|-|419|
|Administrative|expenses|1,874|1,361|
|Property|repairs|2,216|137|
|Investment|management|charges|4,545|289|
|Support|costs|414|129|
|8,765|3,285|
|Aggregate|amounts|25,344|14,322|
|7.|CHARITABLE|ACTIVITIES|COSTS|
|Support|
|Direct|costs|(see|
|Costs|note|8)|Totals|
|£|£|£|
|Treatment|and|welfare|of animals|122,714|6,072|128,786|
----- End of picture text -----
Page 13
continued...
: ’
- SUPPORT COSTS
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Govemance | |||||
| Management | costs | Totals | |||
| £ | £ | £ | |||
| Other trading activities | 538 | 243 | 781 | ||
| Investment management costs | 285 | 129 | 414 | ||
| Treatment and welfare ofanimals | 4,184 | 1,888 | 6,072 | ||
| 5,007 | 2,260 | 7,267 | |||
| Support costs, included in the above, are as | follows: | ||||
| 31.12.21 | 31.12.20 | ||||
| Treatment | |||||
| and | |||||
| Other | investment | welfare | |||
| trading activities |
management costs |
of animals |
Total activities |
Total activities |
|
| £ | £ | £ | £ | £ | |
| Bookkeeping services | 149 | 79 | 1,170 | 1,398 | 1,001 |
| Depreciation and write offs | 119 | 63 | 923 | 1,105 | 1,108 |
| Sundry | 163 | 86 | 1,262 | 1,511 | 1,338 |
| Telephone | 98 | §2 | 763 | 913 | 933 |
| Postage and stationery | 9 | 5 | 66 | 80 | 293 |
| Independent examination | 113 | 60 | 877 | 1,050 | 950 |
| Accountancy | 130 | 69 | 1,011 | 1,210 | 925 |
| 781 | 414 | 6,072 | 7,267 | 6,548 | |
| INDEPENDENT EXAMINATION | |||||
| 31.12.21 | 31.12.20 | ||||
| £ | £ | ||||
| Independentexamination | 1,050 | 950 |
10. TRUSTEES' REMUNERATION AND BENEFITS
Trustees received no remuneration for the work they undertake on behalf of the charity.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds |
Restricted fund |
Total funds |
|
|---|---|---|---|
| £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 117,981 | - | 117,981 |
| Charitable activities | |||
| Treatment and welfare ofanimals | 3,170 | - | 3,170 |
| Other trading activities | 47,691 | - | 47,691 |
| Investment income | 20,920 | - | 20,920 |
| Total | 189,762 | - | 189,762 |
| EXPENDITURE ON | |||
| Raisingfunds | 14,322 | - | 14,322 |
Page 14
continued...
, .
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| 11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | - continued | |||
|---|---|---|---|---|---|---|---|
| Unrestricted funds |
Restricted fund |
Total funds |
|||||
| £ | £ | £ | |||||
| Charitable activities | |||||||
| Treatment and welfare of animals | 139,409 | - | 139,409 | ||||
| Total | 153,731 | - | 153,731 | ||||
| Net gains on investments | 5,846 | - | 5,846 | ||||
| NET INCOME | 41,877 | - | 41,877 | ||||
| RECONCILIATION OF FUNDS | |||||||
| Total funds broughtforward | 1,637,938 | - | 1,637,938 | ||||
| TOTAL FUNDS CARRIED FORWARD | 1,679,815 | - | 1,679,815 | ||||
| 12. | EMPLOYEES | ||||||
| The charity has no employees in this yearor the proceeding year. | |||||||
| 13. | VOLUNTEERS | ||||||
| The charity relies on volunteers to carry out management, administration | and charity shop | duties. | |||||
| 14. | TANGIBLE FIXED ASSETS | ||||||
| Fixtures | |||||||
| Freehold | Plant and | and | |||||
| property | machinery | fittings | Totals | ||||
| £ | £ | £ | £ | ||||
| COST | |||||||
| At 1 January 2021 and 31 December 2021 | 72,808 | 99 | 407 | 73,314 | |||
| DEPRECIATION | |||||||
| At 1 January 2021 | 5,461 | 79 | 342 | §,882 | |||
| Charge foryear | 1,092 | 3 | 11 | 1,106 | |||
| At 31 December 2021 | 6,553 | 82 | 353 | 6,988 | |||
| NET BOOK VALUE | |||||||
| At 31 December2021 | 66,255 | 17 | 54 | 66,326 | |||
| At31December2020 | 67,347 | 20 | 65 | 67,432 |
| 12. | EMPLOYEES |
|---|---|
| The charity has no employees in this yearor the proceeding year. | |
| 13. | VOLUNTEERS |
- TANGIBLE FIXED ASSETS
Page 15
continued...
.
.
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
.
Notes to the Financlal Statements - continued For The Year Ended 31 December 2021
15. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTSASSET INVESTMENTSINVESTMENTS | ||
|---|---|---|
| Listed | ||
| investments | ||
| ¢ | ||
| MARKET VALUE | ||
| At 1 January 2021 | 212,809 | |
| Additions | 112,147 | |
| Disposals | (100,883) | |
| Revaluations | 16,046 | |
| At 31 December2021 | 240,119 | |
| _ | ||
| NET BOOK VALUE | ||
| At 31 December2021 | 240,119 | |
| At31December2020 | 212,809 |
Investment assets outside the UK were valued at £161,758 at the year end. All other investments were held in the UK.
The historic cost value of the portfolio is £218,620.
- INVESTMENT PROPERTY
| INVESTMENT PROPERTY | |
|---|---|
| £ | |
| FAIR VALUE | |
| At 1 January 2021 | |
| and 31 December2021 | 315,000 |
| NET BOOK VALUE | |
| At 31 December 2021 | 315,000 |
| At31December2020 | 315,000 |
Fair value at 31 December 2021 was determined by a valuation completed in February 2020 by a property management company Smeaton Homes and the fair value at the balance sheet date is represented by:
| £ | |
|---|---|
| Deemed cost at transition to FRS 102 in 2016 | 105,991 |
| Valuation in February 2020 | 209,009 |
| 315,000 |
lf the property had not been revalued it would have been included at the following historical cost:
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Cost | 105,991 | 105,991 |
Page 16
continued...
‘ °
Royal Society for the Prevention of Cruelty to Animals Plymouth & South
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
West Devon Branch
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
| 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trade debtors | 329 | - | |||
| Other debtors | 60 | 1,398 | |||
| VAT | 6,323 | 4,212 | |||
| Prepayments | 2,489 | 578 | |||
| 9,201 | 6,188 | ||||
| 18. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.21 | 31.12.20 | ||||
| £ | £ | ||||
| Trade creditors | 17,251 | 5,520 | |||
| Other creditors | 11,174 | 6,455 | |||
| 28,425 | 11,975 | ||||
| 19, | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.21 | in funds | 31.12.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 1,679,815 | (24,867) | 1,654,948 | ||
| TOTAL FUNDS | 1,679,815 | (24,867) | 1,654,948 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 113,217 | (154,130) | 16,046 | (24,867) | |
| TOTAL FUNDS | 113,217 | (154,130) | 16,046 | (24,867) | |
| Comparatives formovement in funds | |||||
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.20 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 1,428,929 | 41,877 | 1,470,806 | ||
| Revaluation Reserve | 209,009 | - | 209,009 | ||
| 1,637,938 | 41,877 | 1,679,815 | |||
| TOTALFUNDS | 1,637,938 | 41,877 | 1,679,815 |
Page 17
continued...
‘ .
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Financial Statements - continued For The Year Ended 31 December 2021
- MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
|
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 189,762 | (153,731) | 5,846 | 41,877 |
| TOTALFUNDS | 189,762 | (153,731) | 5,846 | 41,877 |
| A current year 12 months and prior year 12 months combined | position is as follows: | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 1,428,929 | 17,010 | 1,445,939 | |
| Revaluation Reserve | 209,009 | - | 209,009 | |
| 1,637,938 | 17,010 | 1,654,948 | ||
| TOTALFUNDS | 1,637,938 | 17,010 | 1,654,948 |
| A current year 12 months and prior year 12 months combined net movement in | A current year 12 months and prior year 12 months combined net movement in | A current year 12 months and prior year 12 months combined net movement in | funds, included in the above are | funds, included in the above are |
|---|---|---|---|---|
| as follows: | ||||
| Incoming resources |
Resources expended |
Gains and losses |
Movement in funds |
|
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 302,979 | (307,861) | 21,892 | 17,010 |
| TOTALFUNDS | 302,979 | (307,861) | 21,892 | 17,010 |
- RELATED PARTY DISCLOSURES
During the year the charity incurred expenditure with Woodside Animal Trust, a charity with trustee C Bowles in common, of £684 (2020: £4,180) in relation to kennel fees. £nil remains outstanding at the year end.
The total donations received from trustees in the year is £250 (2020: £300).
Page 18