REGISTERED CHARITY NUMBER: 205961
Report of the Trustees and
Unaudited Financial Statements
For The Year Ended 31 December 2022
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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | ||
| Statement of Cash Flows | 8 | ||
| Notes to the Statement of Cash Flows | 9 | ||
| Notes to the Financial Statements | 10 | to | 17 |
| Detailed Statement of Financial Activities | 18 | to | 19 |
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2022
The trustees submit their annual report under the Charities Act 2011 and the financial statements for the year ended 31 December 2022. 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 objectives 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
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 £23,218 in 2022 (£24,134 in 2021).
Another source of funding for the Charity is the takings from three charity shops we run.
Rental income is also received from the investment properties held above the charity shops.
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 627 animals, which includes the 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..
Raising funds
The Charity raises funds from running three charity shops. The shop in Tavistock experienced multiple water leaks during the year, resulting in damaged stock. The shop was closed during the year with any undamaged stock being sold on 'Tavistock Market Place'. The shop has reopened in 2023. These shops rely solely on volunteers so all surplus funds can be used to further the charitable purpose of animal welfare.
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2022
ACHIEVEMENT AND PERFORMANCE
Investment performance
The charity receives investment income from three properties it owns and also investment portfolio's managed by Rowan Dartington.
The properties continue to provide a relatively consistent amount of unrestricted revenue and tenants occupied most of the properties for the majority of the 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 however have seen an unrealised loss of £24,114 (2021: £20,814 gain) in regards to the market value of the fixed investments held at the balance sheet date.
FINANCIAL REVIEW
Financial position
In the year ended 31 December 2022 the Charity had a deficit of £99,285 (2021; deficit £45,681) of incoming resources against resources expended.
Total income received for the year was £84,882 compared to £113,217 in the previous financial year and is a result of fall in donations, largely from legacies and the fall in government grants as no covid grants were received during the year.
This year saw an increase in veterinary costs of over 33% due to a shortage of vets and vet nurses, this combined with the increase in contributions to RSPCA regional fund (up more than 25%) and the fall in donations and grant income has contributed to the increased deficit this year.
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 £18,583 (2021; £17,318).
The Charity also has investments held with Rowan Dartington who the Charity advises 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 £270,000 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 £1,003,997 (2021; £1,099,829)
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 concern
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 concern status is dependent on future income being generated at sustainable levels.
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2022
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 continue 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.
Our long term goal is to construct our own animal shelter to provide for all animal in the Plymouth area, we currently have £850,000 ring-fenced for this project. 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.
Organisational 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 internal 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 9PY
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Report of the Trustees For The Year Ended 31 December 2022
Trustees
Mrs A Hindle Secretary Mrs L Parker Mrs C Maddick Treasurer Mrs J Bennett Mrs A Dyer
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.
Approved by order of the board of trustees on 9 June 2023 and signed on its behalf by:
Mrs A Hindle - Trustee
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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 Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
I 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 2022.
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').
I 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 I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Groves FCA
Bromhead Harscombe House 1 Darklake View Plymouth Devon PL6 7TL
12 June 2023
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Statement of Financial Activities For The Year Ended 31 December 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Treatment and welfare of animals Other trading activities 3 Investment income 4 Total EXPENDITURE ON Raising funds 6 Charitable activities 7 Treatment and welfare of animals Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.22 Unrestricted Restricted Total funds fund funds £ £ £ 42,179 - 42,179 3,239 - 3,239 14,458 - 14,458 25,006 - 25,006 84,882 - 84,882 16,413 - 16,413 162,355 - 162,355 178,768 - 178,768 50,487 - 50,487 (43,399) - (43,399) 1,654,948 - 1,654,948 1,611,549 - 1,611,549 |
31.12.21 Total funds £ 51,923 1,554 35,575 24,165 113,217 25,344 128,786 154,130 16,046 (24,867) 1,679,815 1,654,948 |
|---|---|---|
The notes form part of these financial statements
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Statement of Financial Position 31 December 2022
| Notes FIXED ASSETS Tangible assets 14 Investments Investments 15 Investment property 16 CURRENT ASSETS Debtors 17 Cash at bank and in hand CREDITORS Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 19 Unrestricted funds TOTAL FUNDS |
Unrestricted funds £ 65,223 212,552 395,000 672,775 10,323 952,817 963,140 (24,366) 938,774 1,611,549 1,611,549 |
Restricted fund £ - - - - - - - - - - - |
31.12.22 Total funds £ 65,223 212,552 395,000 672,775 10,323 952,817 963,140 (24,366) 938,774 1,611,549 1,611,549 1,611,549 1,611,549 |
31.12.21 Total funds £ 66,326 240,119 315,000 621,445 9,201 1,052,727 1,061,928 (28,425) 1,033,503 1,654,948 1,654,948 1,654,948 1,654,948 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 9 June 2023 and were signed on its behalf by:
C Maddick - Trustee
The notes form part of these financial statements
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Statement of Cash Flows
For The Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | (97,964) | (26,370) |
| Net cash used in operating activities | (97,964) | (26,370) | |
| Cash flows from investing activities | |||
| Purchase of fixed asset investments | (79,082) | (112,147) | |
| Sale of fixed asset investments | 77,136 | 100,883 | |
| Net cash used in investing activities | (1,946) | (11,264) | |
| Change in cash and cash equivalents in | |||
| the reporting period | (99,910) | (37,634) | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 1,052,727 | 1,090,361 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 952,817 | 1,052,727 |
The notes form part of these financial statements
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Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
Notes to the Statement of Cash Flows For The Year Ended 31 December 2022
| 1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.12.22 £ Net expenditure for the reporting period (as per the Statement of Financial Activities) (43,399) Adjustments for: Depreciation charges 1,103 Gain on investments (50,487) Increase in debtors (1,122) (Decrease)/increase in creditors (4,059) Net cash used in operations (97,964) |
31.12.21 £ (24,867) 1,106 (16,046) (3,013) 16,450 |
|---|---|
| (26,370) |
2. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Total |
At 1.1.22 £ 1,052,727 1,052,727 1,052,727 |
Cash flow £ (99,910) (99,910) (99,910) |
At 31.12.22 £ 952,817 |
|---|---|---|---|
| 952,817 | |||
| 952,817 |
The notes form part of these financial statements
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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 2022
1. ACCOUNTING POLICIES
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 less 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.
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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 2022
1. ACCOUNTING POLICIES - continued
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
All funds received by the Charity in the financial 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.
2.
DONATIONS AND LEGACIES
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| £ | £ | ||
| Legacies | 8,721 | 18,625 | |
| Gift aid income | 34 | - | |
| Collection Boxes | 23,218 | 24,134 | |
| Miscellaneous donations and collections | 10,206 | 9,164 | |
| 42,179 | 51,923 | ||
| 3. | OTHER TRADING ACTIVITIES | ||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Tavistock takings | 6,621 | 13,657 | |
| Milehouse takings | 7,837 | 7,153 | |
| Government grants | - | 14,765 | |
| 14,458 | 35,575 | ||
| 4. | INVESTMENT INCOME | ||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Rents received | 18,583 | 17,318 | |
| Bank and Building Society Interest | 6,423 | 6,847 | |
| 25,006 | 24,165 |
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.
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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 2022
| 5. INCOME FROM CHARITABLE ACTIVITIES 31.12.22 Activity £ Homing fees Treatment and welfare of animals 3,239 6. RAISING FUNDS Other trading activities 31.12.22 £ Rent and rates 2,717 Insurance 1,116 Building repairs 1,944 Light and heat 2,087 Bad debts 147 Support costs 506 8,517 Investment management costs 31.12.22 £ Light and heat 275 Administrative expenses 2,345 Property repairs 3,262 Investment management charges 1,574 Support costs 440 7,896 Aggregate amounts 16,413 7. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 8) £ £ Treatment and welfare of animals 153,002 9,353 8. SUPPORT COSTS Governance Management costs £ £ Other trading activities 353 153 Investment management costs 306 134 Treatment and welfare of animals 6,515 2,838 7,174 3,125 |
31.12.21 £ 1,554 31.12.21 £ 6,869 992 7,096 841 - 781 16,579 31.12.21 £ (284) 1,874 2,216 4,545 414 8,765 25,344 Totals £ 162,355 Totals £ 506 440 9,353 10,299 |
|---|---|
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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 2022
8. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| Treatment | |||||
| and | |||||
| Other | Investment | welfare | |||
| trading | management | of | Total | Total | |
| activities | costs | animals | activities | activities | |
| £ | £ | £ | £ | £ | |
| Bookkeeping services | 60 | 52 | 1,098 | 1,210 | 1,398 |
| Depreciation and write offs | 54 | 47 | 1,002 | 1,103 | 1,105 |
| Sundry | 182 | 158 | 3,365 | 3,705 | 1,511 |
| Telephone | 53 | 46 | 978 | 1,077 | 913 |
| Postage and stationery | 4 | 3 | 72 | 79 | 80 |
| Independent examination | 76 | 67 | 1,417 | 1,560 | 1,050 |
| Accountancy | 77 | 67 | 1,421 | 1,565 | 1,210 |
| 506 | 440 | 9,353 | 10,299 | 7,267 | |
| INDEPENDENT EXAMINATION | |||||
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Independent examination | 1,560 | 1,050 |
9. INDEPENDENT EXAMINATION
10. TRUSTEES' REMUNERATION AND BENEFITS
Trustees received no remuneration for the work they undertake on behalf of the charity.
Trustees' expenses
There were trustees' expenses during the year of £197 paid to L Parker. There were no trustees' expense for the year ended 31 December 2021.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Treatment and welfare of animals Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Treatment and welfare of animals Total Net gains on investments |
Unrestricted funds £ 51,923 1,554 35,575 24,165 113,217 25,344 128,786 154,130 16,046 |
Restricted fund £ - - - - - - - - - |
Total funds £ 51,923 1,554 35,575 24,165 |
|---|---|---|---|
| 113,217 | |||
| 25,344 128,786 |
|||
| 154,130 | |||
| 16,046 |
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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 2022
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds fund £ £ NET INCOME/(EXPENDITURE) (24,867) - RECONCILIATION OF FUNDS Total funds brought forward 1,679,815 - TOTAL FUNDS CARRIED FORWARD 1,654,948 - |
Total funds £ (24,867) 1,679,815 1,654,948 |
|---|---|
12. EMPLOYEES
The charity has no employees in this year or the proceeding year.
13. VOLUNTEERS
The charity relies on volunteers to carry out management, administration and charity shop duties.
14. TANGIBLE FIXED ASSETS
| Freehold Plant and property machinery £ £ COST At 1 January 2022 and 31 December 2022 72,808 99 DEPRECIATION At 1 January 2022 6,553 82 Charge for year 1,092 2 At 31 December 2022 7,645 84 NET BOOK VALUE At 31 December 2022 65,163 15 At 31 December 2021 66,255 17 FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2022 Additions Disposals Revaluations At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
Fixtures and fittings Totals £ £ 407 73,314 353 6,988 9 1,103 362 8,091 45 65,223 54 66,326 Listed investments £ 240,119 79,082 (77,136) (29,513) 212,552 212,552 240,119 |
|---|---|
15. FIXED ASSET INVESTMENTS
Investment assets outside the UK were valued at £188,824 at the year end. All other investments were held in the UK.
The historic cost value of the portfolio is £220,488
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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 2022
16. INVESTMENT PROPERTY
| FAIR VALUE At 1 January 2022 Revaluation At 31 December 2022 NET BOOK VALUE At 31 December 2022 At 31 December 2021 |
£ 315,000 80,000 |
|---|---|
| 395,000 | |
| 395,000 | |
| 315,000 |
Fair value at 31 December 2022 was determined by a valuation completed in March 2023 (previous valuation February 2020) by the 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 Valuation in February 2020 Valuation in March 2023 If the property had not been revalued it would have been included at the following historical cost: 31.12.22 £ Cost 105,991 Fair value at 31 December 2022 is represented by: Valuation in 2023 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Trade debtors - Other debtors 1,585 VAT 7,011 Prepayments 1,727 10,323 |
Deemed cost at transition to FRS 102 in 2016 Valuation in February 2020 Valuation in March 2023 If the property had not been revalued it would have been included at the following historical cost: 31.12.22 £ Cost 105,991 Fair value at 31 December 2022 is represented by: Valuation in 2023 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 £ Trade debtors - Other debtors 1,585 VAT 7,011 Prepayments 1,727 10,323 |
£ | £ |
|---|---|---|---|
| 105,991 | |||
| 209,009 | |||
| 80,000 | |||
| 395,000 | |||
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| 105,991 | 105,991 | ||
| 31.12.22 £ - 1,585 7,011 1,727 10,323 |
£ 395,000 31.12.21 £ 329 60 6,323 2,489 9,201 |
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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 2022
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Trade creditors | 15,473 | 17,251 | |||
| Other creditors | 8,893 | 11,174 | |||
| 24,366 | 28,425 | ||||
| 19. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.22 | in funds | 31.12.22 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 1,654,948 | (43,399) | 1,611,549 | ||
| TOTAL FUNDS | 1,654,948 | (43,399) | 1,611,549 | ||
| 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 | 84,882 | (178,768) | 50,487 | (43,399) | |
| TOTAL FUNDS | 84,882 | (178,768) | 50,487 | (43,399) | |
| Comparatives for 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 | ||
| Comparative 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) |
Page 16
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 2022
19. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.21 £ 1,679,815 1,679,815 |
Net movement in funds £ (68,266) (68,266) |
At 31.12.22 £ 1,611,549 |
|---|---|---|---|
| 1,611,549 |
A current year 12 months and prior year 12 months combined 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 | 198,099 | (332,898) | 66,533 | (68,266) |
| TOTAL FUNDS | 198,099 | (332,898) | 66,533 | (68,266) |
20. RELATED PARTY DISCLOSURES
During the year the charity did not have any expenditure with related parties. Last year there was expenditure with Woodside Animal Trust, a charity with trustee C Bowles in common, of £684 in relation to kennel fees.
There was a total of £401 received in donations from trustees. In 2021 total donations received from trustees in the year was £250.
Page 17
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
| Detailed Statement of Financial Activities | ||
|---|---|---|
| For The Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Legacies | 8,721 | 18,625 |
| Gift aid income | 34 | - |
| Collection Boxes | 23,218 | 24,134 |
| Miscellaneous donations and collections | 10,206 | 9,164 |
| 42,179 | 51,923 | |
| Other trading activities | ||
| Tavistock takings | 6,621 | 13,657 |
| Milehouse takings | 7,837 | 7,153 |
| Government grants | - | 14,765 |
| 14,458 | 35,575 | |
| Investment income | ||
| Rents received | 18,583 | 17,318 |
| Bank and Building Society Interest | 6,423 | 6,847 |
| 25,006 | 24,165 | |
| Charitable activities | ||
| Homing fees | 3,239 | 1,554 |
| Total incoming resources | 84,882 | 113,217 |
| EXPENDITURE | ||
| Other trading activities | ||
| Rent and rates | 2,717 | 6,869 |
| Insurance | 1,116 | 992 |
| Building repairs | 1,944 | 7,096 |
| Light and heat | 2,087 | 841 |
| Bad debts | 147 | - |
| 8,011 | 15,798 | |
| Investment management costs | ||
| Light and heat | 275 | (284) |
| Administrative expenses | 2,345 | 1,874 |
| Property repairs | 3,262 | 2,216 |
| Investment management charges | 1,574 | 4,545 |
| 7,456 | 8,351 | |
| Charitable activities | ||
| Contributions to RSPCA regional fund | 28,219 | 22,050 |
| Kennel fees and food | 35,590 | 33,330 |
| Veterinary fees | 88,911 | 65,334 |
| Donations | - | 2,000 |
| Professional fees | 212 | - |
| Carried forward | 152,932 | 122,714 |
This page does not form part of the statutory financial statements
Page 18
Royal Society for the Prevention of Cruelty to Animals Plymouth & South West Devon Branch
| Detailed Statement of Financial Activities | ||
|---|---|---|
| For The Year Ended 31 December 2022 | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Charitable activities | ||
| Brought forward | 152,932 | 122,714 |
| Property management fees | 70 | - |
| 153,002 | 122,714 | |
| Support costs | ||
| Management | ||
| Bookkeeping services | 1,210 | 1,398 |
| Depreciation and write offs | 1,103 | 1,105 |
| Sundry | 3,705 | 1,511 |
| Telephone | 1,077 | 913 |
| Postage and stationery | 79 | 80 |
| 7,174 | 5,007 | |
| Governance costs | ||
| Independent examination | 1,560 | 1,050 |
| Accountancy | 1,565 | 1,210 |
| 3,125 | 2,260 | |
| Total resources expended | 178,768 | 154,130 |
| Net expenditure before gains and losses | (93,886) | (40,913) |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset | ||
| investments | (5,399) | (4,768) |
| Net expenditure | (99,285) | (45,681) |
This page does not form part of the statutory financial statements
Page 19