REGISTERED CHARITY NUMBER: 208381 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR RSPCA- ESSEX SOUTH WEST BRANCH Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL
RSPCA- ESSEX SOUTH WEST BRANCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 10 to 14 Detailed Statement of Financial Activities 15
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The Committee present its reports and the financial statements for the year ended 31st Dernber 2020. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities,. OBJECTIVES AND ACTIVITIES Objectives The objectives of the Essex South West Branch (the Branch) are to support and adhere to the National RSPCA Society (the Society) policies and prOdureS to promote kindness and to prevent or suppress cruelty to animals and to do all such lawful acts as the Society may consider to be conducive or incidental to the attainment of those objects. The objectives of the Branch are with particular referen to the area covered by the Branch, ranging from Dagenham & Barking in the South to Epping & Nazeing in the North, Waltham Abbey to the West and Abridge to the East, in accordan with the policies of the Society. Advancement of animal welfare Animal welfare concem is our top priority. The Branch recognises animal welfare as a distinctive charitable purpose and focuses its work on prevention of cruelty, providing veterinary care and treatment to animals in need, providing supported care with fully trained staff at Goddard Chingford Boarding Kennels (Goddard Kennels), and re-homing all the animals entrusted into our care to a loving home when a qualified vet has given them a clean bill of health. The Branch animal welfare, although local in nature, has a compassionate and ethical approach which benefits the larger society and continues to help people in need and address issue of animal suffering in general. Significant activities The Branch supports the Society's inspectorate in their work by providing financial assistance and emergency accommodation for mistreated or abandoned animals, including pets whose owners suffer ill health or financial difficulties or pass away, in accordan with the Society's standards. On a case-by-case basis, the Branch will also accept animals from the public, prioritising those cases where the animal is in distress andlor injured. In cases where the Branch decides not to support the animal we would always look to advise or re-direct to other charities more suitable for the situation. All animals under our care, where appropriate, receive veterinary treatments, vaccination, neutering, micro-chipping and are assessed for rehoming. Vaccinations and neutering help control the incidence and spread of disease and suffering. The work benefits our local community, including local authorities, as it reduces the incidence of abandonment and cruelty and the public knows that we assist animals in need. Public benefit In shaping the Society's objectives and planning our activities, the trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidan published by the Charities Commission. In the interest of the animal, reviewed on a case-by-case basis, the Branch helps members of the public with veterinary bills where people are on benefits and unable to pay for their pet's treatment. With the aim of population control to prevent unwanted litters being bom into an uncertain future, we offer free and affordable neutering treatments to pet owners who are unable to pay in full or in part through the support of C4 Free Neutering for Cats Scheme. We advocate kindness to animals and provide information and advice to the local community including young people with the aim of developing empathy to animals at a young age and prevent cruelty in the future. We work in partnership with local Pets at Home stores for fundraising events. We establish networking with other charities in sharing knowledge and skills and providing volunteering opportunities to those who wish to help and participate in all activities that will help us to achieve our work in animal welfare. Page 1
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 ACHIEVEMENT AND PERFORMANCE Charitable activities The Essex South West Branch, like all RSPCA branches, is financially independent of the Society, although we often receive an annual grant from them. Our income derives mainly from donations, collections, legacies, adoption fees and fundraising events. At the beginning of the year, we focused on increasing our welfare activities and rehoming. Unfortunately, due to the rehoming restrictions put in pla as a result of COVID-19, our welfare activities and rehoming were limited throughout the rest of the year. We adapted to these restrictions by offering a foster to adopt prOss, to allow the potential adopters, who were unable to meet the cats before being delivered to them, a chance to make sure they were a suitable match. This is reflected in the increased number of cats in foster care at the end of the year. The Branch continues to not have an Animal Welfare Officer (AWO) and as a result no dogs were rehomed. During the year a total of 22 (2019: 48) animals were taken in, this included 1 dog (2019: 3), 21 cats (2019: 34) and no rabbits (2019: 11). - We have rehomed no dogs (2019: 3), 24 cats (2019: 12) and no rabbits (2019: 2) from Goddard Kennels. 1 dog (2019: 6), no cats (2019: 14) and 1 rabbit (2019: 8) were transferred out to RSPCA or other animals centres for rehoming. 3 dogs (2019: 4) and 1 cat (2019: none) were euthanised or died during our care. 1 dog (2019: 4) and 9 cats (2019: none) are in foster care at the year end. During the year the Branch had a contract with the RSPCA London East Branch to hire six cat pens at Goddard Kennels. From 1 January 2021 these six pens were hired directly from Goddard Kennels. Unfortunately, Goddard Kennels permanently closed on 14 May 2021. We are currently in discussion and negotiation with an altemative boarding and veterinary provider to secure future servIs, whilst simultaneously discussing possibilities with other Goddard branches. Up until their closure on 14 May 2021, our boarding arrangements for rescued cats, dogs and rabbits with Goddard Kennels continued to operate satisfactorily, and we would like to thank the management and staff who gave us tremendous support and assistance in carying out our work in animal welfare. From March 2020, on-site fundraising events were cancelled due to the COVID-19 restrictions in place. To increase our online donation presen, we set up a CAF and JustGiving page and have encouraged our approx. 4,000 Fabook followers, along with our friends and family, to donate online. Our partnership with Pets at Home has been very successful, with £2,415 reiVed from their Summer and Santa Paws appeals, along with £225 that we collected from their stores in January to March 2020. We would also like to thank one of our volunteers, who raised a huge £707 by completing the 1 Ookm by Christmas challenge. In total the Branch raised £3,387 from fundraising (2019: £908). Investment perforniance A review of investment perfomance is included in the investment section within the financial review section. Page 2
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 FINANCIAL REVIEW Investment policy and objectives The trustees have wide powers of investment governed and restricted by the Royal Society for the Prevention of Cruelty to Animals Investment Act 1958. The Branch needs to have quick and easy access to the majority of its funds and so consider the most appropriate policy to hold funds is in a Bank Santander current account. To increase the return earned on funds, £50,000 is held as income bonds with National Savings and Investments (NS&I), earning interest at a rate of 1.15% gross per annum, although this has redUd to 0.01 % from 24 November 2020. In light of the current and foreseeable low interest rates in the UK, the trustees consider the future retum on the Branch's investments to be satisfactory. Reserves policy The Branch holds reserves in order that the level of Servi provided for animal welfare is maintained should there be a reduction in incoming resources. With the UnrtaInty in our incoming resources, we have kept our reserve policy to a level that allows resilience and capacity to manage unforeseen financial difficulties. Reserves relate to funds that are freely available for the Branch's general purposes or can be restricted if they are for a specific purpose only. The trustees have established a policy whereby the unrestricted funds not committed and held by the Branch should be at least twelve months of the resources expended. The resources expended in the year were £21,878 (2019: £20,369). The Branch has unrestricted reserves represented by net current assets of £143,151 (2019: £129,927), which covers the resources expended by 6.5 times (2019: 6.4) The adequacy of the reserves policy is reviewed annually. Financial review A net income of £13,224 resulted in the year (2019: £47,950), the reduction is due to not receiving any legacy income (2019: £34,439). The major items of expenditure remain as boarding fees and veterinary costs. Stripping out legacy income, total income was up by 4 % compared to last year, with the slight reduction in the grant from the Society being offset by increased fundraising. Direct charitable expenditure increased by 13 % compared to last year, due to an increase in the Society regional contributions and extra boarding costs for additional pens. There are no restricted funds. Unrestricted funds of £143,151 compared to £129,927 in 2019, are general funds to meet ongoing operating expenditure. With the uncertainty in our incoming resources, we have kept our reserve policy to a level that allows resilience and capacity to manage unforeseen financial difficulties. In light of continued govemment restrictions on rehoming and fundraising activities due to COVID-19, and that due to the way the Society calculate the amount of our regional contributions this cost will substantially increase in 2021, we forecast to make a small loss in 2021. However, we enter 2021 with sufficient cash reserves to cover these losses and to maintain cash reserves at a suitable level. Furthermore, additional activities have been identified to mitigate the loss and protect legacy cash reserves to invest to sustainlgrow the Branch in an unprecedented and unrtain economic environment, albeit at a lower pa of growth. Going concern The trustees assess whether the use of going concem is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Branch to continue as a going concern. The trustees make their assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. The board of trustees has a reasonable expectation that the Charity has adequate resources to continue in existen for the foreseeable future. Page 3
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 FUTURE PLANS With animal welfare being the Branch's top priority, and with the continued government restrictions on rehoming and fundraising activities, the trustees have agreed to concentrate on a few but effective operational, tactical and strategic initiatives covering areas such as: 1. Development, finding an alternative venue to Goddard Kennels. In the short term this is likely to be at an existing cattery, but in the longer term this may involve development of our own cat pens. This particular investment would be funded by the Branch's cash reserves and corporate sponsorships. 2. Volunteers, to continue our volunteer recruitment drive. This includes new potential trustees and building on our cat fostering network. 3. Fundraising, to increase methods and channels. This is of particular importance due to our significantly increased regional contribution cost to the Society in 2021. 4. Marketing and Social Media, for example to produce a quarterly newsletter and to extend membership. 5. Education, currently this is through social media and we hope in the long tem to expand on this through, for example, visits to schools. In addition to increasing the Branch's capacity to grow our animal welfare activities and intake of animals, these initiatives may generate revenue to bolster future income, protect reserves, maintain our liquidity requirements and enable the reinvestment of broadening our animal welfare. We look forward to continuing the Branch work with a strong board of trustees and volunteers offering different skills and expertise. Page 4
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The Branch is controlled by its goveming document, a deed of trust. The Branch is constituted as an unincorporated charitable association. The Branch operates as an autonomous branch of the Society subject to its rules for branches as updated in 2012 and is separately registered with the Charity Commission. Organisational structure Committee members are elected at the Annual General Meeting (AGM) from the members of the Branch. Each candidate is nominated by at least two eligible branch members and must receive the votes of at least fifty per cent of the eligible branch members present and voting. All Committee members must be Society members for a minimum of three months on appointment. Up to three co-opted Committee members may be Co-opted by the Committee to hold Offi until the next AGM. The Committee may at any time appoint a rep1arnent Committee member from eligible branch members to fill a causal vacancy. The Committee members are trustees of the Branch and are briefed on their responsibilities as trustees prior to their acceptance of the role. The trustees hold meetings every 1-2 months at which decisions are made, tasks are delegated for actions, risks are assessed and written reports on the Branch's financial position and activities are reviewed. Minutes of each meeting are kept. The Society's animal welfare work has traditionally been reported by the Society's Chief Inspector in the South East 2 Group and the Branch Partnership Manager. However, due to the priorities and restrictions around COVID-19 and the restructuring of the Society, participation during the year has been limited. All trustees are volunteers and the trustees cary out their duties on a voluntary basis. The Branch is run entirely by volunteers. Induction and training of new trustees New trustees will attend the Society's training programme for new trustees, after active participation in at least three trustee meetings. Risk management The Branch has carried out a review to identify major risks and has taken steps to mitigate them. The major risks identified are: the availability of sufficient funds to cover the costs of animal welfare activities, especially due to the impact of COVID-19; insufficient trustees to continue; and adverse publicity and loss of reputation due to misconceptions of our activities, or due to error or fraud. As at the date of this report, it is the opinion of the trustees that the Branch's policies, procedures and controls are adequate to minimise the possibility of financial loss through error or fraud and to maintain the future financial viability of the Branch. Related party relationships As described above the Branch operates as a branch of the Society. Details of transactions with the Society and other branches of the Society are set out in note 8. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 208381 Principal address PO Box 2679 Chigwell Essex IG8 1TJ Page 5
RSPCA- ESSEX SOUTH WEST BRANCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Trustees Ms Manisha Aatkar Mr David Stewart Andrews - Chair Ms Roberta Cereda Ms Marie Jeanette Donald (resigned 1910712020) Ms Sharon Jacqueline Gillett- Treasurer Dr Emma Jarrett Ms Chiara Khan - Deputy Chair and Secretary (appointed as Secretary 1810212021) Independent Examiner Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL Bankers Santander Business Banking Bridle Road Bootle L30 4GB STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 17 June 2021 and signed on its behalf by: Ms S Gillett- Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RSPCA - ESSEX SOUTH WEST BRANCH Independent examinerfs report to the trustees of RSPCA - Essex South West Branch I report to the charity trustees on my examination of the accounts of RSPCA - Essex South West Branch (the Trust) for the year ended 31 Dember 2020. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Paul Thain BA(Hons) FCCA Haslers Chartered Accountants Old Station Road Loughton Essex IG10 4PL 2 0 2 1 Page 7
RSPCA- ESSEX SOUTH WEST BRANCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 Total funds 2019 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,519 3,519 38,179 Charitable activities Fundraising and collection boxes Subscriptions Other income Rehoming fees Society grant 3,331 3,331 544 80 1,850 25,173 908 570 63 1,275 26,739 80 1,850 25,173 Investment income 606 606 585 Total 35,103 35,103 68,319 EXPENDITURE ON Charitable activities Direct charitable expenditure Administration expenditure 19,530 2,349 19,530 2,349 17,251 3,118 Total 21,879 21,879 20,369 NET INCOME 13,224 13,224 47,950 RECONCILIATION OF FUNDS Total funds brought forward 129,927 129,927 81,977 TOTAL FUNDS CARRIED FORWARD 143,151 143,151 129,927 The notes fom part of these financial statements Page 8
RSPCA- ESSEX SOUTH WEST BRANCH STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2020 2020 Total funds 2019 Total funds Unrestricted Restricted fund funds Notes CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank 324 3,469 144,009 324 3,469 144,009 252 3,126 132,856 147,802 147,802 136,234 CREDITORS Amounts falling due within one year (4,651) (4,651) (6,307) NET CURRENT ASSETS 143,151 143,151 129,927 TOTAL ASSETS LESS CURRENT LIABILITIES 143,151 143,151 129,927 NET ASSETS 143,151 143,151 129,927 FUNDS Unrestricted funds: General fund 143,151 129,927 TOTAL FUNDS 143,151 129,927 The financial statements were approved by the Board of Trustees and authorised for issue on 17 June 2021 and were signed on its behalf by: S Gillett - Trustee D Andrews - Trustee The notes form part of these financial statements Page 9
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Going concern The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concem. The Trustees make their assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements. After making appropriate enquiries, the Board of Trustees has a reasonable expectation that the Branch has adequate resources to continue in existen for the foreseeable future. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Investment income is included in the financial statements when reived. Pecuniary legacies are included in the financial statements when the Branch is legally entitled to the income and the amount can be quantified with reasonable accuracy. Online donation income is included in the financial statements net of platform and proSSIng fees. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of reSoUrs. Governance costs Governance costs include costs of the preparation and examination of statutory financial statements, the costs of Trustee meetings and cost of any legal advice to Trustees on governance or constitutional matters. Taxation The charity is exempt from tax on its charitable activities. Page 10 continued...
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES - continued Fund accounting Unrestricted funds can be used in accordan with the charitable objectives at the discretion of the trustees. Restricted funds 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Debtors and prepayments Debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. Cash at bank Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less. Liabilities Liabilities are recognised when there is an obligation at the statement of financial position 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. Liabilities are recognised at the amount that the Branch anticipates it will pay to settle the debt. Judgements and estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the financial position date and the amounts reported in the statement of financial activities during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The Trustees do not consider there to be any critical accounting judgements, estimates or assumptions. INVESTMENT INCOME 2020 Total funds 2019 Total funds Unrestricted Restricted funds funds NS&I income bonds 606 606 585 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Dernber 2020 nor for the year ended 31 December 2019. Page11 continued...
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 TRUSTEES. REMUNERATION AND BENEFITS- continued Trustees. expenses For the year ending 31 Dernber 2020 there were £407 (2019: £167) of trustees, expenses reimbursed to trustees, whilst acting in their capacity as a trustee. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 38,179 38,179 Charitable activities Fundraising and collection boxes Subscriptions Other income Rehoming fees Society grant 908 570 63 1,275 26,739 908 570 63 1,275 26,739 Investment income 585 585 Total 68,319 68,319 EXPENDITURE ON Charitable activities Direct charitable expenditure Administration expenditure 17,251 3,118 17,251 3,118 Total 20,369 20,369 NET INCOME 47,950 47,950 RECONCILIATION OF FUNDS Total funds brought forward 81,977 81,977 TOTAL FUNDS CARRIED FORWARD 129,927 129,927 Page 12 continued...
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 VAT 324 252 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Accrued expenses 4,651 6,307 MOVEMENT IN FUNDS Net movement in funds At 31112120 At 111120 Unrestricted funds General fund 129,927 13,224 143,151 TOTAL FUNDS 129,927 13,224 143,151 Net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 35,103 (21,879) 13,224 TOTAL FUNDS 35,103 (21,879) 13,224 Comparatives for movement in funds Net movement in funds At 31112119 At 111119 Unrestricted funds General fund 81,977 47,950 129,927 TOTAL FUNDS 81,977 47,950 129,927 Page 13 continued...
RSPCA- ESSEX SOUTH WEST BRANCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources Movement expended in funds Unrestricted funds General fund 68,319 (20,369) 47,950 TOTAL FUNDS 68,319 (20,369) 47,950 RELATED PARTY DISCLOSURES The Society, all branches of the Society and affiliated RSPCA animal homes and hospitals are considered related parties. The Branch receives grants and purchases goods and ServIS from the Society. In 2020 the value of grants received was £25,173 (2019: £26,739), with £1,378 (2019: £551) deducted towards regional contribution costs. In 2020 the value of purchases was £1,481 (2019: £1,901). The Branch also paid £nil (2019: £754) in legacy service administration fees to the Society. The Branch hires cat pens at Goddard Kennels from the RSPCA London East Branch. The boarding cost relating to these pens in 2020 was £10,512 (2019: £7,332). The Branch also incurred vet costs of £604 (2019: £nil) through other RSPCA branches and hospitals. Page 14
RSPCA- ESSEX SOUTH WEST BRANCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Legacies 3,222 297 3,740 34,439 3,519 38,179 Investment income NS&I income bonds 606 585 Charitable activities Fundraising and collecting boxes Membership subscriptions Pet insurance commission Rehoming fees Society grant 3,331 544 80 1,850 25,173 908 570 63 1,275 26,739 30,978 29,555 Total incoming resources 35,103 68,319 EXPENDITURE Charitable activities Society regional contributions Veterinary fees Boarding fees Leads, collars, beds, food 1,378 6,792 11,360 551 6,546 9,886 268 19,530 17,251 Support costs Other Insurance Telephone Postage and stationery Sundries Travelling expenses Society legacy services administration fee 524 524 60 472 301 503 135 71 754 1,233 2,111 Governance costs Independent examination fee 1,116 1,007 Total resources expended 21,879 20,369 Net income 13,224 47,950 This page does not fom part of the statutory financial statements Page 15