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2021-12-31-accounts

Charity Registration No. 207006

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH

INCORPORATING THE COTSWOLDS DOGS AND CATS HOME

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms C Blackburn, Honorary Chair
Mr S Moxham, Honorary Treasurer
Mr M Shields, Honorary Secretary
Mrs J E Guy
Mrs A Sutcliffe
Ms N Hooper
Mr R Sellek
Mr I Edwards
Mrs H Li
Mrs D Gilleland-Gould
Charity number 207006
Principal address Beechmeadow Farm
Elmcote Lane
Cambridge
Gloucester
GL2 7AS
Auditor Azets Audit Services
Prospect House
5 May Lane
Dursley
Gloucestershire
United Kingdom
GL11 4JH
Bankers HSBC Bank Plc Triodos Bank
4 King Street Deanery Road
Stroud Bristol
Glos. BS1 5AS
GL5 3DS
Scottish Widows Santander
PO Box 883 Customer Service Centre
Leeds Bootle
LS1 9TY Merseyside
L30 4GB
Solicitors Charles Russell Speechlys LLP
Compass House
Lypiatt Road
Cheltenham
Glos. GL50 2QJ
Investment advisors Raymond James Investment Services Ltd
25 Ropemaker Place
London
EC2Y 9LY

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME CONTENTS

Page
Trustees' report 1 - 6
Independent auditor's report 7 - 10
Statement of financial activities 11 - 12
Balance sheet 13
Statement of cash flows 14
Notes to the financial statements 15 - 33

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the branch's governing document, the Charities Act 2011 and "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)".

Objects, public benefit and fundraising statement

The RSPCA Cotswolds, Gloucester and District Branch (the charity) is an unincorporated charitable association and a separately registered charity affiliated to the Royal Society for the Protection of Cruelty to Animals (the Society), carrying out direct animal welfare work in the Gloucestershire and South Cotswolds area in accordance with the policies of the Society.

All charities in England and Wales have charitable aims that are based on providing public benefit and comply with the Charities Act 2011. The charity Trustees pay due regard to Charity Commission guidance on public benefit. Preventing cruelty and promoting kindness to animals promotes moral benefit to the community as a whole and helps people who are vulnerable and in need with the care of their animals.

The Trustees have reviewed the outcomes and achievements of its objectives and activities for the year, to ensure focus remains on its charitable aims and the charity continues to deliver benefit to the public.

The charity is not a member of the Institute of Fundraisers and is not signed up to any body of fundraisers. No third party fundraising is carried out and no cold calls are made to members of the public.

The next section of this report highlights the charity's main activities and the benefit provided to the public. Our charitable activities focus on promoting kindness and preventing cruelty to animals and are undertaken to further these purposes for the public benefit.

Charitable activities pursued for the public benefit

Supporting abandoned, neglected and abused animals

The charity works with the local RSPCA Inspector, Gloucestershire Police and the local animal welfare officers by supporting and taking in neglected, abused or abandoned animals. It also takes in, cares for and finds new homes for pets whose owners suffer ill health, financial or social difficulties or pass away. Animals in the charity’s care receive veterinary treatment, vaccination, neutering, micro-chipping and are assessed for rehoming.

Providing Subsidised Veterinary Treatment

The charity provides subsidised veterinary treatment for animals which are sick or injured and belong to people in the local community on low incomes. This is done through a voucher scheme and a twice weekly veterinary clinic held at our Gloucester and Cotswold Dogs and Cats Home premises. This work benefits those on means tested benefits by giving them financial help to obtain care for companion animals in need for veterinary treatment.

Providing Subsidised Neutering and ID-Chipping

The charity provides subsidised neutering and micro-chipping of companion animals for those in the local community on low incomes. This is done by a voucher scheme. This work helps control dog and cat populations through neutering and benefits those on means tested benefits by giving them financial help to neuter and microchip companion animals thereby promoting responsible pet ownership.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Animal Re-homing

The charity finds new homes for animals in need to people willing and able to have a companion animal. Whilst it is recognised that companion animals provide immeasurable benefits to people’s physical and mental health, it is considered the provision of pets as a subsidiary to the main charitable aim of this service, which is to reduce animal suffering. A policy to charge a reasonable adoption fee for animals aims to highlight the ongoing personal and financial commitment of pet ownership. It would not be the best interests of animals and therefore would fall outside of the charitable objects, to re-home to those who could not afford them.

Animals Re-homed Veterinary Assistance/Neutering ID-Chipping
267 1,174 152

A breakdown of the charity’s welfare achievements in 2021 is shown above.

Financial Review, achievements and plans for the future

The charity relies primarily on the income from its charity shops to support its charitable activities. The charity has also benefited from legacy income.

The key aim of the charity is to ensure that no vulnerable animal within our community is without a safe space, or is left to suffer because of a lack of veterinary treatment. Our affiliation with the National RSPCA means that we work closely with RSPCA Inspectors who deal with the worst cases of abuse, neglect and abandonment. The Cotswolds Dogs and Cats Home has gained an outstanding reputation for its work with animals that need a little bit more care in a quiet, calm environment. In 2021 45% of animals we cared for came to us through the RSPCA Inspectors. Sixteen of these were long stay case animals and suffering the worst effects of abuse and neglect. The legal process means that case animals are often long stay animals and the work that we do at the home and with the support of our foster homes means that these animals are given the care and environment they need to slowly recover from their ordeal and to ultimately find wonderful families to share their lives with.

During 2021 The Cotswolds Dogs and Cats Home pursued its objectives of providing a hub within the community for animal welfare. Our facilities successfully enable the charity to engage with the local community by both supporting members of the public who need help and advice in the care of their own animals, by providing opportunities to people seeking work placement and vocational training as well as proactively encouraging an understanding of the welfare needs of domestic animals through outreach work. This work continued to be affected by the pandemic in 2021, but slowly started to recover towards the end of the year.

The Trustees are pleased to report that the financial position at the end of the reporting period shows an increase of £184,436 to a net asset position of £5,491,995.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Risk management

The Trustees have assessed the major risks to which the branch is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Significant risks are:

Objectives and policies

The charity’s activities expose it to a number of financial risks including fraud, credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the Board of Trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.

The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Plans for the future

The strategic priority for the Board of Trustees is to ensure that its charitable activities are sustainable both in delivery and funding. The charity is looking at increasing both commercial and traditional fundraising streams with the aim of ensuring that this is achieved. Our charitable objective is ensuring every vulnerable animal in our community has the support it needs and a safe place. We believe that engaging with the local community is key to reducing neglect, cruelty and abandonment and our aim for 2022 is to continue to focus on developing and delivering our core charitable objectives within our community. Demand for our welfare clinics is high and we will be looking at how we are able to increase provision for these and ensure that the more vulnerable demographic within our area is able to access our support for their pets.

The charity's longer-term plans are to increase capacity and develop our operational model at the Cotswolds Dogs and Cats Home. At a meeting of the board of Trustee's in March 2022 it was minuted to designate £1m of reserves in the 2021 accounts towards a Phase II build at the Cotswold Dogs and Cats Home site to provide facilities to support the work we are undertaking with third party agencies, enabling us to support pets belonging to vulnerable and homeless people living in our community as well as animals who are victims of organised crime. These plans also include an educational programme that inspires and engages the local community, with the objective to develop an understanding of the issues surrounding animal welfare and through learning and sponsorship of vulnerable groups encourage a kind and compassionate approach to the relationship between animals and humans.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

The charity will measure the success of these objectives by seeing increased statistics across the four core activity areas of Re-homing, Veterinary Assistance, Neutering and Micro-chipping as well as seeing an increased engagement in the charity's work by the local community and key stakeholders.

Volunteers

The charity is dependent on voluntary support and recognises the incredible contribution made by its volunteers. Volunteering opportunities available for people who wish to support its work are spread across the key operational areas of income generation (retail and fundraising), administration (fundraising and animal welfare) and animal welfare (fostering and home-visiting). In 2021 the charity benefited from an estimated 13,745 hours of volunteering time.

Policy on reserves

The assets of the Charity are predominately held in fixed assets, mainly the buildings and land comprising the Cotswolds Dogs and Cats Home at Beechmeadow Farm, Cambridge. The Charity also has a portfolio consisting mainly listed investments and cash at bank which is held by the Trustees to cover future site development and ongoing Charity operating costs, At a meeting of the Trustees in March 2022, a previous agreement was minuted to ring-fence £1,000,000 in the 2021 accounts for future development of the Cotswold Dogs and Cats Home site. The Charity maintains cash balances and short term deposits to fund its ongoing operations. This represents approximately nine months of the envisaged increased expenditure of the Charity in the future. At the balance sheet date, the Charity had free reserves of £1,279,891.

Investment policy and objectives

Surplus funds are placed on deposit with the bank insofar as they may be needed in the foreseeable future to cover the running costs for a period of several months. Funds over and above this are invested to produce a mixture of capital growth and income from low risk investments. These risks comply with ethical standards as set out in the publication "RSPCA Policies on Animal Welfare". The opening value of the investment portfolio of £432,118 on 1 January 2021 compares with the closing value of the portfolio on 31 December 2021 of £442,002. The closing value is stated after net capital disposals of £94,817 during the year. There was an unrealised loss in the value in the portfolio of £409.

Coronavirus 2021

The charity along with the sector in general has been affected by the coronavirus.

In line with Govenment requirements our retail outlets followed Government guideline for non essential trading and remained closed as required, only trading during periods when non essential trading was permitted. The charity has invested in PPE and the training of its staff to ensure that all customers, volunteers and staff are kept safe and protected both now and in the future.

The Cotswolds Dogs and Cats Home has continued to operate in line with Government guidelines

The charity has strong financial procedures and adequate cash resources which continue to be managed closely in line with forecast income. Government financial assistance during the downtime in the retail income has greatly assisted in managing cash flow and resources.

The merger with the RSPCA Gloucester City and District branch in 2020 had a positive impact on the charity cash resources. Longer term plans will be assessed when the Trustees are confident that income levels have consistently returned to normal.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management

The Board of Trustees is elected from the membership at the Annual General Meeting held in October 2021 and three officers are elected from the Board of Trustees. All Trustees are briefed on their responsibilities as Trustees prior to their acceptance of the role.

The Board has monthly meetings and major decisions affecting the Branch are passed on a majority vote of those present. Routine bookkeeping is undertaken by experienced in house staff and the Treasurer who report to the Board at their monthly meeting.

The Cotswolds Dogs and Cats Home and the provision of animal welfare is delegated to the Animal Welfare Manager.

Management of the nine charity shops is delegated to a Retail Development Manager and fundraising activities during the year are managed by a Fundraising Manager. All operational managers are designated a board member line manager, and are accountable to the Board of Trustees.

The Trustees who served during the year were: Ms C Blackburn, Honorary Chair Mr S Moxham, Honorary Treasurer Mr M Shields, Honorary Secretary Mrs A Sutcliffe Ms N Hooper Mr R Sellek Mr G Edmonds (Resigned 28 April 2021) Mr I Edwards (Appointed 28 April 2021) Mrs H Li (Appointed 28 April 2021) Mrs J E Guy Ms D Gilleland-Gould (Appointed 24 November 2021)

Mrs J E Guy resigned as Honorary Secretary on 28 April 2021 but remains a trustee.

Mr M Shields was appointed as Honorary Secretary on 28 April 2021.

There have been no related party transactions in the year ended 31 December 2021.

Relationship with connected charity

The Royal Society for the Prevention of Cruelty to Animals (RSPCA) based at Horsham provides specialist administration services and advice to the Branch via an allocated Branch Support Specialist.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the branch and of the incoming resources and application of resources of the branch for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the branch and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the branch and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees' report was approved by the Board of Trustees.

Ms C Blackburn, Honorary Chair

Trustee Dated: 28 May 2022

Mr S Moxham, Honorary Treasurer

Trustee Dated: 28 May 2022

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH

Opinion

We have audited the financial statements of Royal Society for the Prevention of Cruelty to Animals Cotswolds, Gloucester & District Branch (the ‘branch’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the branch in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the branch’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the Statement of Trustees' Responsibilities, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustees' determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the Trustees is responsible for assessing the branch’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Other matters

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Azets Audit Services

17 June 2022

Chartered Accountants Statutory Auditor

Prospect House 5 May Lane Dursley Gloucestershire United Kingdom GL11 4JH

Azets Audit Services is eligible for appointment as auditor of the branch by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Current financial year
Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
346,125
31,360
Charitable activities
4
304,756
-
Other trading activities
5
1,168,778
-
Investments
6
28,065
-
Other income
7
-
-
Total income
1,847,724
31,360
Expenditure on:
Raising funds
8
949,479
-
Charitable activities
9
619,177
35,916
Total resources expended
1,568,656
35,916
Net(losses)/gains on investments
14
9,924
-
Net movement in funds
288,992
(4,556)
Fund balances at 1 January 2021
5,185,580
21,979
Fund balances at 31 December 2021
5,474,572
17,423		 Total
Total
As restated
2021
2020
£
£
377,485
791,995
304,756
399,783
1,168,778
890,467
28,065
31,598
-
408,466
1,879,084
2,522,309
949,479
955,885
655,093
654,647
1,604,572
1,610,532
9,924
(12,349)
284,436
899,428
5,207,559
4,308,131
5,491,995
5,207,559

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Prior financial year

Prior financial year
Unrestricted Restricted Total
funds **funds ** As restated
As restated
2020 2020 2020
Notes £ £ £
Income and endowments from:
Donations and legacies 3 742,580 49,416 791,996
Charitable activities 4 399,783 - 399,783
Other trading activities 5 890,467 - 890,467
Investments 6 31,598 - 31,598
Other income 7 408,466 - 408,466
Total income 2,472,894 49,416 2,522,310
Expenditure on:
Raising funds 8 955,885 - 955,885
Charitable activities 9 591,004 63,644 654,648
Total resources expended 1,546,889 63,644 1,610,533
Net gains/(losses) on investments 14 (12,349) - (12,349)
Gross transfers between funds 26,851 (26,851) -
Net movement in funds 940,507 (41,079) 899,428
Fund balances at 1 January 2021 4,245,073 63,058 4,308,131
Fund balances at 31 December 2021 5,185,580 21,979 5,207,559

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME BALANCE SHEET

AS AT 31 DECEMBER 2021

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Stocks
19
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
20
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
22
Unrestricted funds
21		 2021
£
£
3,207,490
444,001
3,651,491
9,697
502,142
1,415,433
1,927,272
(86,768)
1,840,504
5,491,995
17,423
5,474,572
5,491,995		 2020
£
£
3,307,825
432,118
3,739,943
19,595
379,701
1,149,680
1,548,976
(81,360)
1,467,616
5,207,559
21,979
5,185,580
5,207,559		 2020
£
£
3,307,825
432,118
3,739,943
19,595
379,701
1,149,680
1,548,976
(81,360)
1,467,616
5,207,559
21,979
5,185,580
5,207,559
3,739,943
1,467,616
5,207,559
21,979
5,185,580
5,207,559

The financial statements were approved by the Trustees on 28 May 2022

Ms C Blackburn, Honorary Chair Trustee

Mr S Moxham, Honorary Treasurer Trustee

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
27
Investing activities
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Transfer to cash in investment portfolio
Proceeds on disposal of other investments
Investment income
Net cash generated from investing
activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
£
251,629
(11,983)
-
(107,110)
105,151
28,066
14,124
265,753
1,149,680
1,415,433		 2020
£
£
69,930
(48,207)
467,417
-
-
31,598
450,808
520,738
628,942
1,149,680		 2020
£
£
69,930
(48,207)
467,417
-
-
31,598
450,808
520,738
628,942
1,149,680
520,738
628,942
1,149,680

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Charity information

The Royal Society for the Prevention of Cruelty to Animals Cotswolds, Gloucester and District Branch (the charity) is an unincorporated charitable association and a separately registered charity affiliated to the Royal Society for the Prevention of Cruelty to Animals (the Society), carrying out direct animal welfare work in Gloucestershire and the South Cotswolds area in accordance with the policies of the Society.

1.1 Accounting convention

The financial statements have been prepared in accordance with the branch's governing document, the Charities Act 2011 and "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)". The branch is a Public Benefit Entity as defined by FRS 102.

The financial statements 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 the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the branch. Monetary amounts in these financial statements are rounded to the nearest £.

The Royal Society for the Prevention of Cruelty to Animals Cotswolds, Gloucester and District Branch meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the branch has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the branch is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Legacies are recognised on receipt or otherwise if the branch has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Cash donations are recognised on receipt. Other donations are recognised once the branch has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.5 Resources expended

All expenditure is recognised once there is a legal or constructive obligation to that expenditure and it is probable that settlement is required. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.

All resources expended are inclusive of irrecoverable VAT.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustee’s meetings and reimbursed expenses.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% on cost
Clinic equipment 25% on cost
Office equipment & furniture 25% on cost
Motor vehicles 33.3% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the branch reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

Financial instruments are recognised in the branch's balance sheet when the branch becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the branch’s contractual obligations expire or are discharged or cancelled.

1.12 Taxation

The charity is exempt from corporation tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to the charitable objects.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.13 Provisions

Provisions are recognised when the branch has a legal or constructive present obligation as a result of a past event, it is probable that the branch will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.14 Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the branch is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2 Critical accounting estimates and judgements

In the application of the branch’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
8,200
31,360
Legacies receivable
313,925
-
Donated facilities &
services
24,000
-
Merger with Gloucester
-
-
346,125
31,360		 Total Unrestricted
Restricted
funds
funds
As
As restated
2021
2020
2020
£
£
£
39,560
9,170
49,416
313,925
176,968
-
24,000
45,000
-
-
511,441
-
377,485
742,579
49,416		 Total
restated
2020
£
58,586
176,968
45,000
511,441
791,995

Donated facilities & services

Donated facilities & services comprises free accommodation for two of the charity's shops in Tetbury and Cirencester, which has been kindly provided by Tesco Stores Ltd. A corresponding amount is included in trading expenditure.

A presentational adjustment has been made to the prior year's figures to disclose the notional rent for 2020. The Prior Period Adjustment note refers.

Total 2020 As restated £ 56,477 343,306 399,783 147,471 195,835 343,306
Covid 19 support 2020 £ - 343,306 343,306 147,471 195,835 343,306
Charitable animal welfare 2020 £ 26,275 - 26,275 - - -
Adoptions 2020 £ 30,202 - 30,202 - - -
Total 2021 £ 73,481 231,275 304,756 88,419 142,856 231,275
Covid 19 support 2021 £ - 231,275 231,275 88,419 142,856 231,275
Charitable animal welfare 2021 £ 25,977 - 25,977 - - -
Adoptions 2021 £ 47,504 - 47,504 - - -
Charitable activities Income from charitable activities Covid 19 support Grants Coronavirus Job Retention Scheme Retail support grants
4

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

5 Other trading activities

Other trading activities
Unrestricted Unrestricted
funds funds
As restated
2021 2020
£ £
Fundraising events 284,675 169,974
Charity shop income from sale of donated goods 884,103 720,493
Other trading activities 1,168,778 890,467

6 Investments

Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Rental income 15,070 15,537
Income from listed investments 12,522 14,116
Interest receivable 473 1,945
28,065 31,598
Other income
Total Total
2021 2020
£ £
Net gain on disposal of tangible fixed assets - 408,466

7 Other income

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

8 Raising funds

Unrestricted Unrestricted
funds funds
As restated
2021 2020
£ £
Fundraising and publicity
Other fundraising costs 11,263 6,308
Staff costs 56,531 37,288
Depreciation and impairment 27,755 31,026
Support costs 10,851 12,104
Fundraising and publicity 106,400 86,726
Trading costs
Operating charity shops 366,041 359,129
Other trading activities 18,287 4,080
Staff costs 409,395 452,565
Support costs 46,152 51,202
Trading costs 839,875 866,976
Investment management 3,204 2,183
949,479 955,885

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

9 Charitable activities

Adoptions
Charitable
animal
welfare
Rosewell
Clinic
Cotswolds
Dogs &
Cats Home
£
£
£
£
Staff costs
-
-
426
346,357
Depreciation and
impairment
-
-
-
63,288
Drugs and veterinary
fees
-
9,257
7,395
69,342
Travel and mileage
-
-
229
3,685
Welfare costs
-
-
-
-
Rates
-
-
-
5,489
Animal behaviourist
-
-
-
-
Animal equipment
purchases
-
-
-
2,597
Bank charges
-
-
-
698
Cleaning
-
-
-
13,518
Consumables
-
-
-
18,396
Heat and light
-
-
-
18,293
Repairs and
maintenance
-
-
-
26,058
Admin
-
-
-
12,055
Training
-
-
-
684
Sundry expenses
-
-
-
323
-
9,257
8,050
580,783
Share of support costs
(see note 10)
2,984
11,936
12,207
27,126
Share of governance
costs (see note 10)
151
605
619
1,375
3,135
21,798
20,876
609,284
For the year ended 31 December 2021
Unrestricted funds
3,135
21,798
20,876
573,368
Restricted funds
-
-
-
35,916
3,135
21,798
20,876
609,284
For the year ended 31 December 2020
Unrestricted funds
3,481
43,032
19,245
525,246
Restricted funds
-
-
-
63,644
3,480
43,032
19,245
588,890		 Total
2021
£
346,783
63,288
85,994
3,914
-
5,489
-
2,597
698
13,518
18,396
18,293
26,058
12,055
684
323
598,090
54,253
2,750
655,093
619,177
35,916
655,093		 Total
2020
£
328,226
61,015
88,425
3,247
78
5,276
346
1,348
666
16,155
22,151
20,495
32,442
10,664
-
808
591,342
60,518
2,787
654,647
591,004
63,644
654,647

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

10
Support costs
Salaries
Depreciation
Finance costs
IT costs
Staff related costs
Admin
Premises
Legal and professional
fees
Audit fees
Analysed between
Fundraising
Trading
Charitable activities		 Support
costs
Governance
costs
£
£
46,449
-
21,274
-
601
-
7,693
-
1,101
-
28,103
-
663
-
2,622
-
-
5,500
108,506
5,500
10,851
-
43,402
2,750
54,253
2,750
108,506
5,500		 2021
£
46,449
21,274
601
7,693
1,101
28,103
663
2,622
5,500
114,006
10,851
46,152
57,003
114,006		 Support
costs
Governance
costs
£
£
49,120
-
7,130
-
528
-
9,503
-
4,991
-
14,487
-
3,426
-
31,851
-
-
5,575
121,036
5,575
12,104
-
48,414
2,788
60,518
2,787
121,036
5,575		 2020
£
49,120
7,130
528
9,503
4,991
14,487
3,426
31,851
5,575
126,611
12,104
51,202
63,305
126,611

11 Net movement in funds
Net movement in funds 2021 2020
£ £
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit of the company's
financial statements 5,500 5,575
Depreciation of owned tangible fixed assets 96,765 99,171
Loss/(profit) on disposal of tangible fixed assets 15,552 (408,466)
Operating lease charges 175,304 205,293

12 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the branch during the year.

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

13 Employees

The average monthly number of employees during the year was:

Charitable activities
Trading
Support
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
2020
Number
Number
20
21
24
26
4
4
48
51
2021
2020
As restated
£
£
795,717
809,207
50,540
48,811
12,901
13,181
859,158
867,199		 2020
Number
21
26
4
51
867,199

There were no employees whose annual remuneration was £60,000 or more.

14 Net (losses)/gains on investments

Revaluation of investments
Gain/(loss) on sale of investments		 2021
£
(409)
10,333
9,924		 2020
£
(12,349)
-
(12,349)

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

15
Tangible fixed assets
Freehold land
and buildings
Clinic
equipment
Office
equipment &
furniture
Motor vehicles
£
£
£
£
Cost
At 1 January 2021
3,454,980
21,620
218,141
35,887
Additions
-
750
11,233
-
Disposals
-
(2,789)
(57,022)
-
At 31 December 2021
3,454,980
19,581
172,352
35,887
Depreciation and impairment
At 1 January 2021
239,234
16,791
146,342
20,439
Depreciation charged in the year
56,368
4,491
31,516
4,390
Eliminated in respect of disposals
-
(2,772)
(41,489)
-
At 31 December 2021
295,602
18,510
136,369
24,829
Carrying amount
At 31 December 2021
3,159,378
1,071
35,983
11,058
At 31 December 2020
3,215,747
4,829
71,801
15,448
16
Fixed asset investments
Listed
investments
Unlisted
investments
Cash in
portfolio
£
£
Cost or valuation
At 1 January 2021
370,118
62,000
-
Valuation changes
(409)
-
-
Reclassification
-
-
107,110
Disposals
(94,817)
-
-
At 31 December 2021
274,892
62,000
107,110
Carrying amount
At 31 December 2021
274,892
62,000
107,110
At 31 December 2020
370,118
62,000
-
17
Financial instruments
2021
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
274,892		 Total
£
3,730,628
11,983
(59,811)
3,682,800
422,806
96,765
(44,261)
475,310
3,207,490
3,307,825
Total
£
432,118
(409)
107,110
(94,817)
444,002
444,002
432,118
2020
£
370,118

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

18
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
19
Stocks
Stocks
20
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2021
£
24,495
18,420
459,227
502,142
2021
£
9,697
2021
£
13,737
27,837
-
45,194
86,768		 2020
£
12,282
29,314
338,105
379,701
2020
£
19,595
2020
£
11,904
19,688
1,049
48,719
81,360
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER &
DISTRICT BRANCH
INCORPORATING THE COTSWOLDS DOGS AND CATS HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021		 21
Unrestricted funds
Movement in funds
Movement in funds
Balance at
1 January 2020
Incoming
resources
Resources
expended
Transfers
Revaluations,
gains and
losses
Balance at
1 January 2021
Incoming
resources
Resources
expended
Transfers
Revaluations,
gains and
losses
Balance at
31 December
2021
£
£
£
£
£
£
£
£
£
£
£
Unrestricted fund
4,245,073
2,472,894
(1,546,889)
26,851
(12,349)
5,185,580
1,847,724
(1,568,656) (1,000,000)
9,924
4,474,572
Designated fund
-
-
-
-
-
-
-
-
1,000,000
-
1,000,000
4,245,073
2,472,894
(1,546,889)
26,851
(12,349)
5,185,580
1,847,724
(1,568,656)
-
9,924
5,474,572
Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: Movement in funds
Movement in funds		 Balance at
Incoming
Resources
Transfers
Balance at
Incoming
Resources
Balance at		 1 January 2020
resources
expended
1 January 2021
resources
expended
31 December		 2021 £
£
£
£
£
£
£
£		 Veterinary suite
32,496
-
(5,171)
(23,811)
3,514
-
(3,514)
-		 Barn flooring
562
-
-
-
562
-
(562)
-		 New van purchase
20,000
-
(2,111)
(2,440)
15,449
-
(4,390)
11,059		 Veterinary bills
10,000
44,250
(54,146)
-
104
10,500
(10,604)
-		 Radios
-
3,000
(50)
(600)
2,350
-
(600)
1,750		 Dryer
-
-
-
-
-
1,000
-
1,000		 Veterinary nurse costs
-
-
-
-
-
6,360
(4,657)
1,703		 Maintenance & heating
-
-
-
-
-
3,500
(3,472)
28		 Vouchers
-
-
-
-
-
10,000
(8,117)
1,883		 Other
-
2,166
(2,166)
-
-
-
-
-		 63,058
49,416
(63,644)
(26,851)
21,979
31,360
(35,916)
17,423		 Veterinary Suite - for veterinary suite equipment at The Cotswold Dogs and Cats Home Van - to purchase a new van for the charity Veterinary bills - to assist with veterinary costs Radios - to purchase radios for charity staff Dryer - to purchase a dryer Veterinary nurse costs - to purchase a laptop and fund the employment of a veterinary nurse Maintenance & heating - to fund maintenance costs at the centre Vouchers - to fund neutering and help vouchers
22
DISTRICT BRANCH
INCORPORATING THE COTSWOLDS DOGS AND CATS HOME
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021		 23
Analysis of net assets between funds
Unrestricted
funds
Designated
fund
Restricted
funds
Total
Restricted
fund
Unrestricted
funds
Designated
fund
Total
2021
2021
2021
2021
2020
2020
2020
2020
£
£
£
£
£
£
£
£
Fund balances at 31 December 2021 are
represented by:
Tangible assets
3,194,681
-
12,809
3,207,490
17,799
3,290,026
-
3,307,825
Investments
444,001
-
-
444,001
-
432,118
-
432,118
Current assets/(liabilities)
735,890
1,000,000
4,614
1,840,504
4,180
1,463,436
-
1,467,616
4,374,572
1,000,000
17,423
5,491,995
21,979
5,185,580
-
5,207,559

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

24 Operating lease commitments

At the reporting end date the branch had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2021
£
89,650
11,333
100,983		 2020
£
139,200
103,934
243,134

25 Events after the reporting date

In March 2022 the charity was informed that it was a 50% beneficiary of a residual estate with an estimated total value of £270,000. Although the testatrix died in August 2021, probate was not granted until January 2022 and therefore no amounts in respect of this legacy have been accounted for in the year ended 31 December 2021.

In May 2022 the charity was informed it was a beneficiary of a residual estate. The estate has numerous properties and is not yet valued. Probate has not yet been granted and the legacy is therefore not included in the 2021 accounts.

26 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

27 Cash generated from operations 2021 2020
£ £
Surplus for the year 284,436 899,428
Adjustments for:
Investment income recognised in statement of financial activities (28,065) (31,598)
Loss/(gain) on disposal of tangible fixed assets 15,552 (408,466)
Transfer of fixed assets - (250,000)
Transfer of investments - (149,877)
Gain on disposal of investments (10,333) -
Fair value gains and losses on investments 409 12,349
Depreciation and impairment of tangible fixed assets 96,765 99,171
Movements in working capital:
Decrease/(increase) in stocks 9,898 (7,705)
(Increase) in debtors (122,441) (113,730)
Increase in creditors 5,408 20,358
Cash generated from operations 251,629 69,930
28 Analysis of changes in net funds
The branch had no debt during the year.
29 Prior period adjustment

ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS COTSWOLDS, GLOUCESTER & DISTRICT BRANCH INCORPORATING THE COTSWOLDS DOGS AND CATS HOME NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

29 Prior period adjustment

(Continued)

Changes to the profit and loss account

Changes to the profit and loss account
Period ended 31 December 2020
As previously Adjustment As restated
reported
£ £ £
Income from:
Donations and legacies 1 746,996 45,000 791,996
Charitable activities 3 56,477 343,306 399,783
Other trading activities 3 1,233,773 (343,306) 890,467
Investments 31,598 - 31,598
Other income 408,466 - 408,466
2,477,310 45,000 2,522,310
Expenditure on:
Raising funds 1,2 910,885 45,000 955,885
Charitable activities 654,648 - 654,648
(1,565,533) (45,000) (1,610,533)
Net gains on investments (12,349) - (12,349)
Income/expenditure for the year 899,428 - 899,428

Notes to reconciliation