| Farm and Co, Chartered Certified Accountants. were appointed Accounts Examiners for the financial year under review. They have indicated their willingness to be re-appomted to that oflice. |
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|---|---|---|---|
| Achievements and Performance |
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| The Branch was again busy throughout the year with increases in activities: mpecially at the Clinic. Resourcm |
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| werc again stretched, but it was felt that the Branch had continued to make a simtiftcant conmbution to the overall ainu ofthe RSPCA by managing to maintain its essential services throughout the Jxwr. |
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| Public Benefit | |||
| The services provided by the Branch in accordance with the aims ofthe society tacan that a amat public benefit n providcsL The considerable volume ofactivity by the Branch has achieved this aim locally. The Trustees are aware of;and have due regard for the Charity Commission's guidance an Public Benettt. A fuller report ofthe Branch Activities. Achievements and Perforntance is published in conlunction with these financial statements. A copy ofthis can be obtained from the Branch at: |
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| Welfare Clinic. Tarworks Road, Great Yarmoutix Norfolk NRIO IQR Or from tbe Branch Website: I . ~ rv„s .c - r |
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| Reserves | Policy | ||
| The Trustees' policy, in line with head office recommendations, is to maintain a balance ofreserves which |
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| equate to one and ahalf timm annual running costs. |
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| Investment | Policy | ||
| The Branch has a conservative, cautious investment policy. which seeks to minimisc risk while trying toobtain a balance betwccn capital gmwth and income. |
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| Risk Analysis | |||
| Risk assessmcnts warn generally done thmughout the year. |
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| A firm ofspecialists was employed to advise on Employment mater. |
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| Financial risks continue tobe addressed regularly at management meetings. |
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| Ftnancial | Review | ||
| Incoming Resources totalled f394,610;a increase off94,675 over 2022. Voluntary Income remained at the 2022 level. There were no significaat Legacies this year. and there werc no Grants received. These were offset by increoses in Donations and Rehoming off7,000 and X2,000respectively. Shop takings increased by f24,000 mainly do to opeumg another shop. Income from Other Activities; mainly Clinic Collections; Neutering and Recycling Credits; produced addrtional income amounting tof64,000:reflecting the increased volume ofactivities during the year. Total Resources Expended amounuxl to 6392,566;an increase aver 2022 oi'6 I 16,000.The additional costs; arose mainly form staffing matters involving: additions to personal, increased bours, personnel changes. and pay increases. Other cost increases were in Vet and Medicines ncx which reflected the increase in activities in the year. The net nnult was a surplus oflncoroing Resources off2,044 for the year' which has been add rxl to the General Reserve. There was an unrealised Incremc in Investment values off3,403;and it is noted that a further increase continues to date. lime were No Restricted Funds in the year. |
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| The General Reserve Balance at 31stDccembm'2023 isf227610.This together with the Designated Funds off150000is represented by the total ofNet Assets as shown on page 5. |
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| The total reserves have dropped to 959sofrunning costs. This is below the target of 1.5 set by the Trustcm, They are, however, satisfied that the cununt state ofthc Charity's flnances sre satisfactory. |
| TOTAL | TOTAL | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | FUNDS | FUNDS | |||
| Designated | General | Funds | 2023 | 2022 | |||
| NOTE | |||||||
| INCOMING RESOURCES | |||||||
| Incoming Resources from generated | funds | ||||||
| Voluntary Income Activities for generating |
funds | 62,570 161,006 |
0 | 62,570 161,006 |
61,260 136,649 |
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| Investment Income Incoming resources fmm charitable |
activities | 1,145 169889 |
1,145 169889 |
1,003 101023 |
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| Total Incoming Resources | 0 | 394,610 | 0 | 394,610 | 299,935 | ||
| RESOURCES EXPENDED | |||||||
| Costs ofgenerating funds |
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| Fundraising trading: costs ofgoods sold |
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| and other costs. | 108,074 | 108,074 | 76,365 | ||||
| Charitable activities costs |
273,190 | 0 | 273,190 | 189,979 | |||
| Governance costs |
11302 | 11302 | 10211 | ||||
| Total Resources Expended | 0 | 392 566 | 0 | 392566 | 276555 | ||
| NET INCOMING RESOURCES |
BEFORE | ||||||
| OTHER RECOGNISED GAINS | &LOSSES | 0 | 2,044 | 0 | 2,044 | 23,380 | |
| Other recognised gaias(2022 losses) -Uarealised. | tc | 3,403 | 3,403 | -422 | |||
| NET MOVKMKNT IN FUNDS | 0 | 5,447 | 0 | 5,447 | 22,958 | ||
| BALANCE brought forward | 150,000 | 222,156 | 372,156 | 349,198 | |||
| Fuad Traosfers | 0 | 0 | |||||
| BALANCE carried forward | 8150,000 | 8227,603 | 80 | 8377,603 | 8372,156 |
| 2023 | 2022 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | totat | total | ||||||||||||
| fund | fund | funds | funds | ||||||||||||
| 2. | Vot | l ml | |||||||||||||
| Legacies | 1,431 | 1,431 | 3,945 | ||||||||||||
| Grants | 0 | 0 | 6,000 | ||||||||||||
| Donations and Gifts |
25,241 | 25,241 | 18,563 | ||||||||||||
| ReHoming | 11,520 | 11,520 | 9,275 | ||||||||||||
| Cash Couecuons and | Door | to | Door | 23,114 | 23,114 | 23,218 | |||||||||
| Subscriptions | I 264 | I 264 | 259 | ||||||||||||
| E62,570 | fu | 862 570 | 861 260 | ||||||||||||
| 3. | Activities for Generating Funds |
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| Shop Takings | 155,942 | 155,942 | 132,505 | ||||||||||||
| Fundraising Royalties |
5,064 | 5064 | 4 144 | ||||||||||||
| E161006 | EO | E161 006 | f.136649 | ||||||||||||
| 4. | Investraent Income |
||||||||||||||
| Income from Quoted | Investments | 984 | 984 | 913 | |||||||||||
| Bank Interest Receivable | 161 | 161 | 90 | ||||||||||||
| 61,145 | EO | El,145 | 8L003 | ||||||||||||
| 5. | Iacome from Charitable Activities |
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| Other Income - Insurance, | etc. | 9,548 | 9,548 | 17,681 | |||||||||||
| Neutering Refunds |
20,237 | 20,237 | 9,552 | ||||||||||||
| Recycling Credits | 11,817 | 11,817 | 1,160 | ||||||||||||
| Clinic Collections | 128287 | 128287 | 72630 | ||||||||||||
| f.169,889 | EO | f169,889 | f101,023 | ||||||||||||
| 6. | Fundraising Trading: Costs |
ofGoods | sold and other Costs. | ||||||||||||
| Shop -Wages | 68,715 | 68,715 | 48,607 | ||||||||||||
| Shop rent, rates and | insurance. | 23,108 | 23,108 | 17,405 | |||||||||||
| Shop light, heat and | water. | 5,184 | 5,184 | 2,692 | |||||||||||
| Shop telephone. | 913 | 913 | 338 | ||||||||||||
| Shop Repairs and renewals | and | Bins | 5,632 | 5,632 | 2,735 | ||||||||||
| Shop sundnes and card |
charges | 3,490 | 3,490 | 3,716 | |||||||||||
| Other Fund raising expeoses | I 032 | I 032 | 872 | ||||||||||||
| f108074 | EO | EI08 074 | E76365 | ||||||||||||
| 7. | Charitable Activities Costs |
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| Veterinary fees, dressings, |
drugs | and appliances | 17,038 | 17,038 | 18,059 | ||||||||||
| iuelfare, Neutering | Re-Honung | A | Micro Chipping | 18,065 | 18,065 | 11,516 | |||||||||
| Boarding Fees | 23,200 | 23,200 | 22,949 | ||||||||||||
| Salaries and Employef | sNIC. | 129,965 | 129,965 | 69,705 | |||||||||||
| Vehicle mamtenance | and runmng | expenses | 5,176 | 5,176 | 4,231 | ||||||||||
| Telephone and postage |
1,771 | 1,771 | 1,103 | ||||||||||||
| Chnlc Costa | Vetennary | fees, dressings | and appbances | 62,280 | 62,280 | 50,951 | |||||||||
| Rates | and | Insurance | 1,023 | 1,023 | 986 | ||||||||||
| Water Light and Heat | 2,014 | 2,014 | 1,035 | ||||||||||||
| Repairs | and Decorating | 4,356 | 4,356 | 1,257 | |||||||||||
| Telephone | 1,771 | 1,771 | 463 | ||||||||||||
| Bank Charges | 2,590 | 2,590 | 2,529 | ||||||||||||
| General | Expenses | 1,251 | 1,251 | 290 | |||||||||||
| Depreciation oftangible | fixed | assets | 2 690 | 2690 | 4 905 | ||||||||||
| f273,190 | EO | f273,190 | EI89,979 | ||||||||||||
| 8. | Governance Costs |
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| Branch Contributions | 551 | 551 | 551 | ||||||||||||
| Office Rent | 3,184 | 3,184 | 2,870 | ||||||||||||
| Accountancy and Bxaminer's |
fees | 2,701 | 2,701 | 2,616 | |||||||||||
| Legal and Professional | Fees | 1,507 | 1,507 | 2,002 | |||||||||||
| Travel, Accommodation | and other | secretanal | expenses | 3359 | 3359 | 2 172 | |||||||||
| El 1,302 | EO | f,11,302 | f10211 |
| . ange xe | sets | Motor | Fixe. Fits. | Fixe. Fits. | Leasehold | TOTAL | |||
|---|---|---|---|---|---|---|---|---|---|
| COST | At 1st January Additions |
Vehicles 8,500 |
th | Equipt 31,731 4,555 |
Property 14,358 |
54,589 4,555 |
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| Disposals | 0 | ||||||||
| At | 31stDecember | 8500 | 36286 | 14358 | 59 144 | ||||
| DEPRECIATION At |
1stJanuary | 5,810 | 25,171 | 14,358 | 45,339 | ||||
| Charge for year | 670 | 2,020 | 2,690 | ||||||
| Disposals | 0 | ||||||||
| At | 31stDecember | 6,480 | 27,191 | 14,358 | 48,029 | ||||
| WRITTEN | DOWN VALUE | ||||||||
| At | 31stDecember | 2023 | 82,020 | 89,095 | EO | fl1,115 | |||
| At | 31stDecember | 2022 | f2,690 | 66,560 | fo | f9,250 | |||
| All the net | book values above relate to fixed assets | used for direct charitable | purposes. | ||||||
| 2023 | 2022 | 2023 | 2022 | ||||||
| 10. Investmeats | Cost | Market | Value | ||||||
| Ldt G(Barclays)MM UK Alpha Fund A |
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| At 1.1.2023 | 1,927 | 1,927 | 49,001 | 49,423 | |||||
| Revaluation Gain (2022 Loss) At 31.12.2023 |
(unrealised). | 5I 927 | 61,927 | 3,403 f52,404 |
-422 f49,001 |
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| Cunent Market | Value- | 12.6.2024 | 856492 | 849,428 | |||||
| 11.Debtors and Prepaymeats -amounts falliag due |
within | oae year | |||||||
| Prepayments | 1,741 | 1,570 | |||||||
| Legacies Receivable | 0 | 1,449 | |||||||
| VAT Refunds | 0 | 128 | |||||||
| Other Debtors | 9,152 | 1,413 | |||||||
| EIOJI93 | 84460 | ||||||||
| 12. Creditors aad Accruals -amounts | falling due in | one year. | |||||||
| Trade creditors | 5,694 | 7,749 | |||||||
| VAT Payable and other Taxes | 1,954 | 560 | |||||||
| Accruals | 3,850 | 2,532 | |||||||
| f11,498 | f10+41 | ||||||||
| 13. Analysis ofAssets between Funds |
Uarestricted | Restricted | Total | ||||||
| Tangible Fixed Assets | 11,115 | 11,115 | |||||||
| Investments | 52,404 | 52,404 | |||||||
| Stocks, Debtors and Prepayments | 23,430 | 23,430 | |||||||
| Cash and Bank | 302,152 | 302,152 | |||||||
| Current Liabilittes | -11,498 | -11,498 | |||||||
| 6377,603 | fo | 5377,603 |