2022-12-31-accounts

RSPCA ESSEX MID & NORTH BRANCH UNAUDITED FINANCIAL STATEMENTS 31 DECEMBER 2022

Charity Number : 206799

Edmund Carr LLP Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

RSPCA ESSEX MID & NORTH BRANCH

FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2022

----- Start of picture text -----
CONTENTS PAGE
Trustees' annual report 1
Independent Examiner's report to the Trustees 8
Statement of financial activities 9
Balance sheet 10
Statement of cashflows 11
Notes to the financial statements 12
----- End of picture text -----

RSPCA ESSEX MID & NORTH BRANCH

TRUSTEES' ANNUAL REPORT

YEAR ENDED 31 DECEMBER 2022

Reference and Administrative Details of the Charity, its Trustees and Advisors

----- Start of picture text -----
||| |---|---| |Registered Charity Name:|RSPCA Essex Mid & North Branch| |Additional Working Charity Name:|RSPCA North Essex Branch| |Charity Number:|206799| |Principal Address:|116 Harwich Road,| |Colchester,| |Essex,| |CO4 3BZ| |Trustees:|Julia Byers, Chair 2021 Resigned January 2022| |Ruth Jubb, Chair 2022| |Joanna Hall|Resigned May 2022| |Fiona Lawes| |Kris Lown| |Susan North| |Brigitte Swanton|Appointed January 2022| |Mel Childs|Appointed May 2022| |Dorothy Lee|Resigned January 2022| |Jack Simmonds|Appointed May 2022| |Resigned November 2022| |Independent Examiner:|S. A. Morrell FCCA,| |Edmund Carr LLP,| |146 New London Road,| |Chelmsford,| |CM2 0AW|

----- End of picture text -----

1

RSPCA ESSEX MID & NORTH BRANCH

TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

The Trustees present their report and the financial statements of RSPCA Essex Mid & North Branch (hereafter referred to as “the Charity”/ "the Branch”) for the year ended 31st December 2022. The Trustees (hereafter referred to as “we”) confirm that the annual report and financial statements of the Charity comply with the current statutory requirements and the requirements of the Charity's governing document.

CHAIR'S REPORT

Effect of Current Economic Downturn and Cost of Living Crisis on the Charity

Many charities, including our branch, have been adversely impacted by the recent economic situation. 2022 saw increasing costs to run the charity throughout the year. This included the increasing cost of key areas such as consumables, utility bills and staffing. The cost-of-living crisis had a direct impact on our staffing costs in particular and this is continuing into 2023. In addition, there is greater demand for our services through the welfare clinics and more demand from members of public looking for support to rehome animals that they are no longer able to care for.

In the past 12 months we worked hard to reduce our cost base as much as possible to improve the profitability of our shops. Shop profit directly supports our rehoming and welfare activities.

Research shows that some members of the public are finding it harder to make charitable donations and they are seeking better bargains for their purchases in charity shops. All of this will gradually trickle through to impact our fundraising activities in the coming months.

Governance Update

a) Progress on Merger between Mid & North Essex

The two former North Essex and Mid Essex branches have been working operationally as one branch since January 2021. During 2022 we worked on the transfer of assets into the newly merged charity, leaving two bank accounts to update and one set of Property Title Deeds to transfer at Land Registry. These will be completed in 2023 as the final step of the merger prior to entry on the Register of Mergers.

b) Legal Name Change

The Charity was officially renamed at the charity commission on 15 February from RSPCA North Essex Branch to RSPCA Essex Mid & North Branch and this is now used on our letter headings, signage, website, social media etc.

c) Incorporation of the Board

We incorporated the Board of Trustees in June 2022. The key purpose of this was to facilitate the signing of documents and remove the need to update documents with each Trustee membership change. It is now possible to have 2 Trustees to sign a document instead of needing all Trustees to sign.

d) Health and Safety

The annual review of Health & Safety was carried out and included the update of information as the Covid restrictions have been relaxed.

e) Staffing

The Board started to implement performance reviews and appraisals for staff towards the end of the year, with work continuing into 2023. In addition, there has been further investment in training with compulsory online training for all staff on specific topics, and one staff member starting a Fundraising Apprenticeship with a view to improving fundraising capability within the branch.

2

RSPCA ESSEX MID & NORTH BRANCH TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

f) Gift Aid

With the increasing size of the branch, a gift aid registration was set up and claims made for the previous two years, bringing a further £3,173 income. This will now be claimed annually after the end of the tax year.

CLINICS

The veterinary clinic in Colchester is now working at full capacity and started the planning phase for a new Imaging Suite in late 2022. This was made possible through a generous legacy from the late Jennifer Simpson. This will provide X-Rays and Ultrasound services and will enable our clients to benefit from diagnostics for their pets without needing to visit an external vet. The Chelmsford clinic had some issues with staff availability in 2022 resulting in working below capacity. This is being reviewed and we hope to return to full capacity in the near future.

Our two Clinics are part of welfare activity of the branch and as such are partly funded from the branch. At the end of 2021 the intention was that the branch would fund each clinic with approximately £20,000. Due to the challenges with opening hours and the rising costs of consumables and utilities, the deficit in the clinics for the year was just over £60,000. In December we took the decision to increase our consultation fees. We have kept the increase to a minimum and clients still benefit from greatly reduced costs in comparison to private veterinary clinics.

Retail

Our four charity shops had challenges in 2021 with the partial year of trading due to COVID restrictions. It was clear from quarter one this year that some shops would only make minimal profit in 2022. Therefore, we reviewed our cost base and operational model and implemented various changes throughout the year, including staffing levels. By quarter 4 the impact of rising utility bills was clear and measures have been taken to monitor and control electricity consumption where possible. The four shops made an overall profit of £35,000 for the year which is a great improvement on the previous year. All four shops have worked very hard to find new ways to generate income and we appreciate all their efforts and can see the difference in the profit made. This should improve again in 2023 as some changes were only implemented in Quarter 4 2022. Since the pandemic we have completed more online sales with approximately £2,000 income during the year. In addition to this we started to increase the use of volunteers in shops so that as much money as possible from the shops can be returned to animal welfare. The profit from the shops helps to cover the costs of rescue and rehoming within the branch.

Fundraising

In 2022 the branch started to diversify income streams. In addition to updating our legacy leaflet and selling more goods online, the branch began to consider more active fundraising projects. Several events were held / attended which, in addition to raising funds, raised our presence locally. The Retail Manager started a Fundraising Apprenticeship in Quarter 4 to improve our skillsets in this area. We are hoping that this investment in our staff will have a positive impact on both the individual and the branch income. We work with several charity partners to boost our income streams including Pets at Home in Ipswich, Big Yellow storage in Chelmsford and Pink and Blue Children’s Clothing Store in Ipswich. For 2023 there is an initial target of £20,000 profit from fundraising which will help branch funds.

3

RSPCA ESSEX MID & NORTH BRANCH TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Trustees

From November 2021, the Branch governance was updated and required a minimum of 5 trustees and not more than 14 trustees, elected at the AGM. If the Branch has vacancies for trustees, these are advertised on the Branch website and through other local sources. Applicants must meet eligibility criteria set out by the Charity Commission and are provided with training and support. Potential trustees are invited to the open section of a Branch meeting where they can see what is involved and ask questions. It also provides the existing trustees with an opportunity to meet new candidates and form an opinion of their suitability.

In selecting trustees, we look at individual specialist skills in order to build a diverse trustee committee with the skill required to govern a successful and efficient Branch. During 2022 we recruited one new trustee with accountancy skills who became our temporary treasurer. Trustee recruitment is continuing in 2023.

The Charity is organised so that the board of trustees vote in order for decisions to be made with a quorum of four trustees for valid decision making. Trustees meet at least six times per year, but continue to meet almost every month through Hybrid meetings. There are occasional face to face meetings of sub groups.

Several Trustees resigned at the last AGM due to changes in their personal lives and their availability. Our thanks go to Jo Hall, Julia Byers, Jack Simmonds and Dorothy Lee for their input whilst they remained as trustees. Dorothy Lee remains as a volunteer for animal welfare. Brigitte Swanton joined us in January 2022, and Mel Childs returned as a trustee at the AGM in May 2022. He has since been re-appointed as treasurer in 2023.

We have many volunteers in our clinics and shops and they make an invaluable contribution to keeping us running and generating income. Many were not able to help during the pandemic when shops were closed, but returned as the shops opened again.

And as a last point, thank you very much to all our dedicated staff and volunteers who have helped immensely during 2022. The Branch could not survive without them.

Ruth Jubb

Ruth Jubb

Chair

4

RSPCA ESSEX MID & NORTH BRANCH TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Objectives, Purpose and Activities

The Charity’s objectives follow those of the National RSPCA. The primary aim of the branches is to support the animal rescue work of our inspectorate. We additionally support our local communities through the rescue and rehoming of animals, the provision of welfare veterinary clinics and holding various neutering and microchipping events. Our Branch area reaches from Brentwood in the West through to Clacton and Harwich in the East. We support our RSPCA regional inspectors and animal rescue officers by taking in animal welfare cases across this Branch area. There is increasing pressure on our resources to take in and rehome animals such that we have to prioritise the cases, with priority often being given to animals brought in via the inspectorate.

All animals in Branch care receive any necessary emergency veterinary treatment, vaccination, neutering, micro-chipping, flea treatment, and wormer and are assessed for re-homing. The Branch funds this activity, with the boarding and rehoming in 2022 being undertaken through two centres: The Danaher Animal Home in Wethersfield and Nutkins Cattery.

We provide two Welfare Veterinary Clinics to help eligible pet owners care for their pets. Some support is required from other vet practices to perform procedures (such as X Rays) that cannot be performed in our own clinics. We are however investing in an Imaging suite with proceeds from a Legacy from Jennifer Simpson in 2021. The planning phase started in 2022 with the suite expected to be fully functional by mid2023.

Public Benefit

The trustees monitor our achievements throughout the year to ensure they remain focused on our charitable aims and that we deliver on our benefits to the public.

The two Welfare Veterinary Clinics help qualifying people on lower incomes to care for their pets. In the latter part of 2022, we started to investigate the possibility of increasing the scope of people we are able to help. We also endorse the work and objectives of the National RSPCA by encouraging good care and welfare of animals and by re-homing abandoned or mistreated pets.

Our animal welfare work applies to our Branch area although we do co-operate with other Branches where we are able to. This applies both to the intake of rescue animals and to eligibility for welfare clinics. This is of benefit to the public by helping people care for their animals, so potentially reducing the number of animals that could become strays. Our charitable activities focus on promoting kindness and good welfare which supports several of the current National RSPCA campaigns, and are undertaken both for the animals themselves and for public benefit.

The Branch website went live in 2022 and this provides advice and guidance for the public.

As stated above, boarding and rehoming in 2022 was undertaken through two centres where animals receive the necessary initial veterinary treatment prior to rehoming. This work helps to control the incidence and spread of disease and suffering through vaccination and neutering. We take in lost animals and take steps to reunite them with their owners; this work benefits our local community including local authorities by preventing animals straying and posing a risk to themselves and to people through road traffic accidents. Our neutering schemes help to reduce the incidence of unwanted pets. We respond to enquiries both from the public locally and via the Society’s national call centre.

The Branch also offers volunteering opportunities for those who wish to support our work, including Trusteeship, fostering, fundraising and assisting within our shops.

5

RSPCA ESSEX MID & NORTH BRANCH TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Achievements and Performance

The two clinics again saw and treated a similar number of pets as the previous year, with 3022 seen across both clinics. This included 395 neutering operations through the voucher scheme operated in conjunction with Cats Protection at Colchester and Chelmsford. This subsidised voucher scheme generated an income of £11,000 towards the cost of the service, whilst also ensuring the risk of unwanted pets was reduced.

The clinics have continued to benefit from voluntary operating time from Ambivet, for which we are very grateful. In addition, by the end of 2022 we started planning our Snip & Chip clinics again with the first one being held in January 2023. We are extremely grateful to the staff who donated their time on a voluntary basis and our veterinary suppliers who donated the supplies needed. Without their support we may not have been able to provide this service.

Costs have remained a challenge for the clinics and prices charged for Drugs and Veterinary supplies are reviewed regularly, including a small increase in the cost of consultations. The operation of the clinics required an input of £60,000 from the branch to support their welfare activities in 2022.

The four shops made a combined profit of approximately £35,000 in the year and this was used to cover the majority of the rescue and rehoming costs of the branch. Work has continued throughout 2022 to improve profitability as much as possible

During 2022 we started a Partnership with Pets at Home at Ipswich which has presented fundraising opportunities within their shop. Pets at Home also kindly donated several pallets of dog and cat food that helped feed rescue animals. Our partnerships with Big Yellow storage in Chelmsford and Pink and Blue Childrens Clothing in Ipswich are also of benefit to us.

Both Clinics now operate a “Charity Bazaar” where customers can obtain pet food or used pet supplies such as beds and harness for a small donation. This helps to raise funds but also helps those on lower income who have been struggling. By the end of 2022, the Colchester clinic had raised enough money for a Blood Pressure monitor for the clinic.

2022 saw the branch recommence some of its educational talks with presentations to the Cubs and Brownies. Overall, the message for these sessions remains unchanged “To prevent cruelty and promote kindness through awareness and education”.

Our Animal Welfare activities continued to promote responsible pet ownership with neutering and microchipping activities. We started the year with 28 cats and 11 dogs in our care – of which 5 were in long term foster. Throughout the year we rehomed 166 animals. This was a reduction in numbers rehomed compared with the previous year where we rehomed 274. We believe this was due to two factors. First, there were increasing numbers of people trying to give up animals rather than rehome as they were during lockdown, so making it harder to rehome animals. Second, animals were staying longer in our care so reducing the throughput. We also took in several cats from multi-cat households in the year.

We are very grateful for the income the Branch receives, which varies from year to year These generous donations help support the Branch activities and services we provide. In 2022 we received £68,480 legacy income which was spent / planned to be spent improving the clinical services we are able to offer in the clinics. There were no grants received in 2022.

6

RSPCA ESSEX MID & NORTH BRANCH TRUSTEES' ANNUAL REPORT (continued)

YEAR ENDED 31 DECEMBER 2022

Financial Review 2022

Retail income improved significantly in 2022 with the four shops generating a total of £35,000 profit compared to the loss of £70,000 for the previous year. This has been due to several factors; reducing the cost base, being open all year after the COVID closures, and the tremendous efforts of all shop staff to sell goods both online and through the shops.

The net movement in unrestricted funds for the reporting period was a loss of £83,553 compared with the operating deficit of £180,432 in 2021 after removal of the transfer of assets from RSPCA Mid Essex of £212,546. 2022 saw a legacy of £59,000 from the late Jennifer Simpson which will be used to build an imaging suite in our Colchester clinic.

There were no government grants received during the year.

Work is continuing into 2023 to review costs within our clinics to enable them to continue to provide lowcost support for eligible local pet owners.

Please see the Statement of Financial Activities for more detail.

Reserves Policy 2022

Our reserves policy is to ensure that we retain sufficient funds to cover approximately three months of salaries plus outstanding shop leases and any associated costs at any one time (approximately £350,000). We have a designated contingency reserve of £150,000 so require free reserves (net current assets less restricted and designated funds) of £200,000 in order to meet our target. As at 31 December 2022 free reserves totalled £152,369, however a legacy received in Quarter 1 2023 has enabled us to meet our target reserves at the date of this report.

As trustees we are aware of our responsibilities to the Charity and consider these prior to making financial decisions that may or may not have an impact on the Charity’s financial position. Our financial position and our reserves policy are regularly reviewed.

Structure, Governance and Management

RSPCA Essex Mid & North is an unincorporated charitable association and a separately registered Branch of the national RSPCA body (the Society). We are governed by the RSPCA Branch Rules (2012 edition) and this applies to all RSPCA Branches. The majority of assets have been transferred from the former mid Essex charity to the current charity, with remaining assets being transferred in early 2023.

The Branch receives support and advice from the National RSPCA and in many years an annual donation of “door to door” money. Apart from this, all other funds are self-generated, or via the Branch Legacy Scheme.

In 2022 the merged Branches received £69,544 door to door money and legacy income from the late Oswald Buckenham of £9,480 and the late Jennifer Simpson of £59,000. These monies are being spent on various items of veterinary equipment and a new Imaging Suite at the Colchester Clinic

This report was approved by the Trustees on ..................................and signed on their behalf by:

..................................

Ruth Jubb, Chair

7

RSPCA ESSEX MID & NORTH BRANCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

YEAR ENDED 31 DECEMBER 2022

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 9 to 21.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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 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 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, 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 Act; or

2. the accounts do not accord with those records; or

3. 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.

Sandra Morrell FCCA

146 New London Road Chelmsford CM2 0AW

.............................

8

RSPCA ESSEX MID & NORTH BRANCH

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 DECEMBER 2022

Note INCOME FROM: Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investments 5 Government grants Transfer of assets on merger TOTAL INCOME EXPENDITURE ON: Raising funds 6 Charitable activities 7 TOTAL EXPENDITURE Net income before investment movements NET GAINS/(LOSSES) ON INVESTMENTS NET INCOME / (EXPENDITURE) NET MOVEMENT IN FUNDS Reconciliation of funds: Total Funds brought forward Total Funds carried forward	Unrestricted Funds £ 109,854 192,867 449,344 5,165 - - 757,230 414,910 425,873 840,783 (83,553) (7,910) (91,463) 734,015 642,552	Restricted Funds £ 59,000 - - - - - 59,000 - - - 59,000 - 59,000 - 59,000	Total Funds 2022 £ 168,854 192,867 449,344 5,165 - - 816,230 414,910 425,873 840,783 (24,553) (7,910) (32,463) 734,015 701,552	Total Funds 2021 £ 110,252 204,143 272,281 5,415 94,651 212,546 899,288 389,018 478,156 867,174 32,114 20,097 52,211 681,804 734,015

All income and expenditure in the prior year was unrestricted

The charity has no recognised gains or losses other than the results for the period as set out above.

The notes on pages 12 to 21 form part of these financial statements.

9

RSPCA ESSEX MID & NORTH BRANCH BALANCE SHEET AS AT 31 DECEMBER 2022

Note £ £ FIXED ASSETS Tangible assets 12 198,230 Investments 13 141,953 340,183 CURRENT ASSETS Stocks 28,657 Debtors 14 114,409 Cash at bank and in hand 339,249 482,315 CREDITORS: Amounts falling due within one year 15 (120,946) NET CURRENT ASSETS 361,369 NET ASSETS 701,552 FUNDS OF THE CHARITY Restricted funds 16 59,000 Unrestricted funds Designated funds 17 150,000 General unrestricted funds 17 492,552 Total unrestricted funds 642,552 TOTAL CHARITY FUNDS 701,552 2022

£ £ 196,675 149,863 346,538 27,348 149,667 272,695 449,710 (62,233) 387,477 734,015 - 150,000 584,015 734,015 734,015 2021

These financial statements were approved by the Trustees on ……...................... and are signed on their behalf by:

……..................................

Ruth Jubb

Chair

The notes on pages 12 to 21 form part of these financial statements.

10

RSPCA ESSEX MID & NORTH BRANCH STATEMENT OF CASH FLOWS

YEAR ENDED 31 DECEMBER 2022

Notes Net movement in funds for the reporting period (as per the statement of financial activities) Adjustments for: Depreciation charges 12 Dividends, interest and rent from investments 5 (Increase) / decrease in debtors 14 Increase / (decrease) in creditors 15 (Increase) / decrease in stock (Gains)/losses on investments 13 Cash flows from operating activities: Net cash provided by / (used in) operating activities Cash flows from investing activities: Dividends, interest and rents from investments 5 Purchase of fixed assets 12 Fixed asset disposals Net cash provided by / (used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents brought forward Cash and cash equivalents carried forward	Total 2022 £ (32,463) 8,282 (5,165) 35,258 58,713 (1,309) 7,910 71,227 5,165 (9,978) 140 (4,673) 66,554 272,695 339,249	Total 2021 £ 52,211 10,818 (5,415) (108,134) 17,492 (11,920) (20,097) (65,045) 5,415 (12,818) - (7,403) (72,448) 345,143 272,695

The notes on pages 12 to 21 form part of these financial statements.

11

RSPCA ESSEX MID & NORTH BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022

1. ACCOUNTING POLICIES

Statement of compliance

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of preparation

RSPCA North Essex Branch constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate.

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

12

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Tax status

RSPCA Essex Mid & North Branch is a registered charity and is not subject to corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Fixed assets, other than freehold property, are shown at cost or, if donated, at their value on the date of the gift, less accumulated depreciation. Depreciation is provided at rates calculated to write off their cost or value, less their estimated residual value over their estimated useful lives on the following basis.

Freehold property improvements - 10 years straight line Leasehold improvements - 3 to 15 years straight line depending on lease requirements length of lease and useful economic life of improvements Motor vehicles - 4 years straight line Equipment - 5 years straight line

Freehold property is recorded in the accounts at cost. No depreciation is provided on freehold property as the charity has a policy and practice of regular maintenance and refurbishment which maintains the value.

Investments

Investments are stated at market value. Realised gains and losses on disposals and unrealised gains or losses when the investments are revalued at the year end are reflected in the Statement of Financial Activities.

Stock

Stock purchased for sale in the shops or use at the clinic is valued at cost.

13

RSPCA ESSEX MID & NORTH BRANCH NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

Debtors

Trade and other debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash at Bank and in hand

Cash and cash equivalents comprise cash on hand and deposits.

Creditors

Creditors are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Defined contribution pension plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Fund accounting

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds – these are funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

14

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

2. DONATIONS AND LEGACIES

Donations and subscriptions Legacies	Unrestricted Funds £ 100,374 9,480 109,854	Restricted Funds £ - 59,000 59,000	Total Funds 2022 £ 100,374 68,480 168,854	Total Funds 2021 £ 104,252 6,000 110,252

The estimated value of legacies notified but neither received nor accrued into income (as they do not meet the SORP recognition criteria) at 31 December 2022 is £325,000.

3. INCOME FROM CHARITABLE ACTIVITIES

Fees and receipts at clinic Rehoming fees	Unrestricted Funds £ 192,867 - 192,867	Restricted Funds £ - - -	Total Funds 2022 £ 192,867 - 192,867	Total Funds 2021 £ 203,057 1,086 204,143

4. OTHER TRADING ACTIVITIES

Shop income	Unrestricted Funds £ 449,344 449,344	Restricted Funds £ - -	Total Funds 2022 £ 449,344 449,344	Total Funds 2021 £ 272,281 272,281

5. INVESTMENT INCOME

Bank interest Income from UK listed investments	Unrestricted Funds £ 1,393 3,772 5,165	Restricted Funds £ - - -	Total Funds 2022 £ 1,393 3,772 5,165	Total Funds 2021 £ 889 4,526 5,415

15

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

6. COSTS OF RAISING FUNDS

Shop costs	Unrestricted Funds £ 414,910	Restricted Funds £ -	Total Funds 2022 £ 414,910	Total Funds 2021 £ 389,018

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Branch and clinic expenditure Total 2021 ANALYSIS OF SUPPORT COSTS Premises Telephone, postage and stationery Miscellaneous expenses Depreciation Governance costs (Note 9)	Activities undertaken directly £ 363,672 363,672 413,050 Unrestricted Funds £ 19,764 5,163 16,945 3,755 16,574 62,201	Support & governance costs (Note 8) £ 62,201 62,201 65,106 Restricted Funds £ - - - - - -	Total Funds 2022 £ 425,873 425,873 478,156 Total Funds 2022 £ 19,764 5,163 16,945 3,755 16,574 62,201	Total Funds 2021 £ 478,156 478,156 Total Funds 2021 £ 22,035 5,160 13,427 6,763 17,721 65,106

8. ANALYSIS OF SUPPORT COSTS

16

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

9. GOVERNANCE COSTS

Independent examination Accounts preparation Fees payable to Independent Examiner Bookkeeping and payroll fees Legal fees Consultancy HR support and advice Total governance costs	Unrestricted Funds £ 890 2,610 3,500 933 7,020 5,121 - 16,574	Restricted Funds £ - - - - - - - -	Total Funds 2022 £ 890 2,610 3,500 933 7,020 5,121 - 16,574	Total Funds 2021 £ 880 5,473 6,353 262 3,272 6,812 1,022 17,721

10. ANALYSIS OF STAFF COSTS

Wages and salaries Social security costs Pension costs	2022 £ 454,932 30,514 11,152 496,598	2021 £ 450,702 29,001 12,198 491,901

None of the employees' emoluments exceeded £60,000.

The average number of employees during the year, by head count was 29 (2021: 27)

The remuneration benefits of key management personnel in the year totalled £40,628 (2021 - £39,663).

11. TRUSTEE REMUNERATION

No trustee or any person connected with them received any remuneration for their services during the current or preceding year.

One trustee received expenses totalling £64 in the current year (2021 - £0)

17

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

12. TANGIBLE FIXED ASSETS

Cost At 1 January 2022 Additions Disposals At 31 December 2022 Depreciation At 1 January 2022 Charge for year On disposals At 31 December 2022 Net book value At 31 December 2022 At 31 December 2021	Freehold property and improvements £ 180,594 1,874 - 182,468 8,460 256 - 8,716 173,752 172,134	Leasehold improvements £ 28,261 - - 28,261 23,321 1,794 - 25,115 3,146 4,940	Equipment £ 59,071 8,104 (141) 67,034 39,470 6,246 (14) 45,702 21,332 19,601	Total £ 267,926 9,978 (141) 277,763 71,251 8,296 (14) 79,533 198,230 196,675

Freehold property is recorded in the accounts at cost. This includes the Harwich clinic with a value of £172,333. The most recent valuation of this property, carried out on 4 February 2020, was £200,000 on a market value basis.

13. INVESTMENTS Listed investments: Market value at 1 January Net gains/(losses) on revaluation Market value at 31 December Historical cost	2022 £ 149,863 (7,910) 141,953 97,041	2021 £ 129,766 20,097 149,863 97,041

18

RSPCA ESSEX MID & NORTH BRANCH NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 DECEMBER 2022

14. 15. **16. **	DEBTORS 2022 £ Prepayments and accrued income 104,173 Other debtors 10,236 114,409 CREDITORS: Amounts falling due within one year 2022 £ Trade creditors 11,702 Accruals 3,000 Taxation and social security 3,721 Other creditors 102,523 120,946 RESTRICTED FUNDS Balance at 01/01/2022 Income Expenditure Transfers £ £ £ £ a) Restricted legacy - 59,000 - - - 59,000 - - a)A legacy of £59,000 to help fund the cost of a new X-ray imaging suite. Prior year restricted funds movement: Balance at 01/01/2021 Income Expenditure Transfers £ £ £ £ Restricted legacies - - - - - - - - Movement in funds Movement in funds	2021 £ 136,374 13,293 149,667 2021 £ 40,834 4,080 8,289 9,030 62,233 Balance at 31/12/2022 £ 59,000 59,000 Balance at 31/12/2021 £ - -
	Restricted legacies

19

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

17. UNRESTRICTED FUNDS

Movement in funds

Designated funds Contingency reserve General funds General fund	Balance at 01/01/2022 £ 150,000 150,000 584,015 584,015 734,015	Income £ - - 757,230 757,230 757,230	Expenditure £ - - (840,783) (840,783) (840,783)	Gains, losses & transfers £ - - (7,910) (7,910) (7,910)	Balance at 31/12/2022 £ 150,000 150,000 492,552 492,552 642,552

The trustees have designated funds to cover running costs, salaries and potential redundancies.

Prior year unrestricted funds movement:

Movement in funds

Designated funds Contingency reserve General funds General Fund	Balance at 01/01/2021 £ 150,000 150,000 531,804 531,804 681,804	Income £ - - 899,288 899,288 899,288	Expenditure £ - - (867,174) (867,174) (867,174)	Gains, losses & transfers £ - - 20,097 20,097 20,097	Balance at 31/12/2021 £ 150,000 150,000 584,015 584,015 734,015

20

RSPCA ESSEX MID & NORTH BRANCH

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 DECEMBER 2022

18. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Current year:

Tangible fixed assets Investments Net current assets Prior year: Tangible fixed assets Investments Net current assets	Unrestricted funds £ 198,230 141,953 152,369 492,552 Unrestricted funds £ 196,675 149,863 237,477 584,015	Designated funds £ - - 150,000 150,000 Designated funds £ - - 150,000 150,000	Restricted funds £ - - 59,000 59,000 Restricted funds £ - - - -	Total 2022 £ 198,230 141,953 361,369 701,552 Total 2021 £ 196,675 149,863 387,477 734,015

19. RELATED PARTY TRANSACTIONS

There were no related party transactions that require disclosure.

20. OPERATING LEASES

Total rental payments due under operating leases in respect of land and buildings are as follows:

Within 1 year Within 2 to 5 years	2022 £ - - -	2021 £ 2,475 - 2,475

21

RSPCA ESSEX MID & NORTH BRANCH MANAGEMENT ACCOUNTS YEAR ENDED 31 DECEMBER 2022

The following pages do not form part of the statutory financial statements

22

RSPCA ESSEX MID & NORTH BRANCH INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 DECEMBER 2022

----- Start of picture text -----
2022 2022 2021 2021
£ £ £ £
INCOME
Subscriptions, donations and grants 100,374 104,252
Legacies 68,480 6,000
Government grant income - 94,651
Interest and investment income 5,165 5,415
Clinics 192,867 203,057
Shops 449,344 272,281
Rehoming fees - 1,086
Transfer of assets from RSPCA Mid Essex - 212,546
Total income 816,230 899,288
EXPENDITURE
Charitable activities - Branch and clinic
Animal boarding and welfare 48,487 71,968
Veterinary costs 5,165 21,391
Other clinic costs 56,552 67,777
Salaries and payroll expenses 247,965 245,617
Motor and travel expenses 5,503 6,297
363,672 413,050
Support costs
Maintenance, rent, rates, insurance, refuse and cleaning 15,214 19,888
Telephone, computer, postage and stationery 5,163 5,160
Electricity 4,550 2,147
Staff training 145 1,846
Bank and credit card charges 3,874 4,651
Miscellaneous expenses 6,168 95
Professional and accountancy 16,574 17,721
Subscriptions 6,679 6,441
Recruitment 79 394
Depreciation 3,755 6,763
62,201 65,106
Total branch and clinic costs 425,873 478,156
Raising Funds
Goods purchased for resale 33,042 27,520
Shop staff salaries and payroll costs 248,633 246,284
Shop rent 66,325 62,296
Other shop costs 66,910 52,918
414,910 389,018
Total expenditure 840,783 867,174
NET INCOME/(EXPENDITURE) (24,553) 32,114
Gains/(losses) on investment assets (7,910) 20,097
Total Funds brought forward 734,015 681,804
Total Funds carried forward 701,552 734,015
----- End of picture text -----

23

Virtual Cabinet Portal Digital Signatures

Digital Signature Verification

You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:

https://www.virtualcabinetportal.com/VerifySignedDocument

Signature Dates and Times

All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:

http://www.virtualcabinetportal.com/WhatIsUTC

Signature 1

Signed by Ruth Jubb using authentication code TEkpLj5haFxXcnBE at IP address 92.18.28.41, on 2023/06/12 21:36:01 Z.

Ruth Jubb's e-mail address is: [e-mail].

Ruth Jubb added the following comments:

"Approved at AGM June 2023"