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2023-12-31-accounts

ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31 DECEMBER 2023

The Royal Society for the Prevention of Cruelty to Animals Kent - Isle of Thanet Branch Annual Report of the Management Committee

The Committee presents its annual report and the accounts for the year ended: 31st December 2023.

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The Royal Society for the Prevention of Cruelty to Animals Kent - Isle of Thanet Branch, Queensdown Road, Birchington, Kent, CT7 0HG was registered with the Charity Commission (No. 209365) on 22nd September 1962 and is governed by the rules and regulations laid down by The Royal Society for the Prevention of Cruelty to Animals (RSPCA).

Bankers:

National Westminster Bank PLC Margate Lloyds Bank PLC Ramsgate CCLA Investment Management Ltd

Independent examiner:

The branch has annual turnover of less than £500,000 so does not require an audit, but an independent examination. This was undertaken by S J Wren of Accountancy Matters (Kent) Limited.

Trustees:

The following trustees stood down during 2023:

Carol Green - resigned 19/06/23 Brenda Rogers - resigned 14/07/23 Pearl Baker (co-opted 17/07/23 ) - resigned 27/07/23 Kevin Baker (co-opted 17/07/23) - resigned 27/07/23 Howard Green - resigned 25/08/23 Antony Matthews - resigned 25/08/23 Kate Matthews - resigned 25/08/23

The following trustees were appointed in 2023:

Clive Martin - appointed 12 October 2023 - Hon. Chair Emma Fernando - appointed 12 October 2023 - Hon. Treasurer Jonathan Fletcher - appointed 12 October 2023 - Hon. Secretary Tessa Loftus - appointed 12 October 2023 Cathy Calcutt - appointed 12 October 2023 Karen Parish - appointed 12 October 2023 Mathew Beech - appointed 12 October 2023 Candy Gregory - appointed 12 October 2023 Paul Fuller - appointed 19 October 2023 (co-opted)

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STRUCTURE, GOVERNANCE AND MANAGEMENT:

The charity is constituted as an unincorporated association. The charity operates as an autonomous branch of the National RSPCA, subject to its rules for branches (as updated in 2012). In the normal course of business committee members are elected at every Annual General Meeting, from the members of the Branch, to carry on the work for the ensuing year. Candidates must receive not less than 51% of the votes of the members present and voting. The elected Branch Committee can co-opt not more than three members onto the committee until the next Annual General Meeting. All Committee members must be Society members for a minimum of three months on appointment. 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 monthly meetings at which decisions are made. In the event that the number of local trustees falls below five at any time, the branch is placed into temporary administration by the National Society. The National Society will then appoint temporary trustees until such a time as the Branch can be returned to local control.

In a period between June and August 2023, all members of the board of trustees resigned from the branch following a period of dispute over interpretation of branch membership rules. This dispute lasted from April 2023 to August 2023, during which time the board of trustees sought to prevent and/or remove new members joining the branch. The board sought to challenge the validity of membership of a significant number of new members, and this was disputed with both the National Society, and the new members directly, and independent legal advice was sought by the previous board, incurring significant cost to the branch. During this period there are no records of board meetings being held.

In line with branch rules, a sufficient number of members called for an EGM to discuss and resolve the membership issues. In the absence of local trustees following their collective resignations, the National Society went ahead with the EGM and given the support available to the branch and willing trustee nominees it was deemed unnecessary to take the branch into temporary administration. An AGM was scheduled and new trustees appointed on 12/10/23. In the interim period between 25/08/23 and 12/10/23, the branch was under the control of the National Society.

RISK MANAGEMENT

The Branch has carried out a risk assessment and identified the following risks:

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The trustees actively review the risks which the charity faces on a regular basis, covering operational and financial aspects, and put systems in place to mitigate these risks. The Branch adheres to RSPCA policies and guidelines and health and safety law and best practice. A health and safety contract is held with independent experts Acton Jennings LLP who do an annual health and safety audit and provide ongoing advice and insurance cover. The Branch holds a contract with Acton Jennings LLP who provide HR services and advice.

STRATEGIC AIMS AND OBJECTIVES, PUBLIC BENEFIT STATEMENT AND PRINCIPAL ACTIVITIES

The object of the charity is to promote kindness and good care and prevent or suppress cruelty to animals by all lawful means with particular reference to the area of the Branch, in accordance with the policies of the Society. Our Branch key strategic aims are:

  1. Welfare Aim: rescue, rehabilitation and rehoming of the most at risk, abused and neglected animals, prioritising those animals collected by our Inspectorate.

2. Prevention Aim:

b. By using the animal centre and outreach programmes in the community, to help address the link between social deprivation specific to the district and poor animal welfare decisions by offering educational opportunities to young people and adults on how to make better animal welfare choices.

  1. Advocacy Aim: Encourage legislation and policies to protect and enhance animal welfare

  2. Organisational Aim: run a financially sustainable, digitally enabled Branch with the right systems, processes and governance systems in place.

  3. Income Generation Aim: Diversify our income streams and attract new supporters.

  4. People Aim: Ensure we have a motivated workforce with the right skills operating in a safe, progressive, open and empowering culture

Our key activities in line with our strategic aims are:

Welfare Aim

To run the RSPCA Kent - Isle of Thanet Animal Centre with maximum rehabilitation and rehoming capability. 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. Whilst we are primarily an animal charity, the service we offer pet owners who cannot assist their pets themselves in times of crisis can relieve much distress for the owner as well as the pet. Working with the National Society and RSPCA

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SE Regional Board, there is the option to provide veterinary welfare assistance for those on low income, and who meet the eligibility criteria This work benefits pet owners who cannot assist their pets themselves and who are distressed to witness their pet suffering.

Prevention Aim

One of the Branch’s key objectives for the future is to reinstate subsidised neutering schemes for those on low incomes as we recognise that reducing the number of litters of unwanted pets born into an uncertain future is a key way to achieve our prevention aim. We aim to introduce educational opportunities at the animal centre, to teach children and pet owners correct, compassionate animal care, particularly for rabbits, one of the most misunderstood and poorly cared for pets.

Advocacy Aim

We support National Society campaigns via shops and social media including petitions, posters, email campaigns, and key messages.

Organisational Aim

We aim for best practice in our governance by being compliant with all relevant legislation including GDPR and Health and Safety. We aim to maintain strong financial controls and protect and maximise the use of all our assets.

Income Generation Aim

We aim to maximise our charity shop income through our four shops but also to diversify our income streams by increasing our fundraising capability through events, grant applications and ethical investment opportunities.

Our charity shops provide a valuable source of low cost good quality recycled goods, to the benefit of the public and the environment.

In previous years, our programme of fundraising events included quizzes, dog shows, Christmas, Easter and Halloween events, car shows and Pets At Home collections. The trustees intend to intensify fundraising efforts during 2024 and beyond.

People Aim

We aim to offer our staff a safe, healthy environment in which to maximise their potential, with clear whistleblowing and safeguarding policies in place. We aim to further develop our volunteer strategy to maximise recruitment and retention. We provide many volunteering opportunities for those who wish to support our work, including fostering, fundraising, retail opportunities and animal care. This benefits local people and companies by providing the possibility of doing work which is both compassionate and rewarding and offers experience which may assist participants in finding paid work.

The trustees have reviewed the outcomes and achievements of our objectives and activities for the year to ensure they remain focused on our charitable aims and continue to deliver benefits to the public. We have complied with this duty under the Charities Act 2006 to have due regard to public benefit guidance published by the Commission.

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Our current short, medium and long term aims and objectives can be summarised as follows:

Short term

Medium term

Long term

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REVIEW OF ACTIVITIES AND ACHIEVEMENTS

Animal welfare results

During the year the animal centre rehomed 134 cats (2022: 197), 9 dogs (2022: 23) and 25 small animals (2022: 43). We admitted 13 wild animals (2022: 58). The RSPCA Kent - Isle of Thanet Branch continues to direct its focus towards the most abused, neglected, injured and at risk domestic animals and there are financial implications to that decision on cost per animal rescued. It is the most difficult end of animal welfare in which to operate but is where we believe our limited resources deliver the biggest reduction in suffering. Pressure on our resources remains extreme, so we continue to seek ways to increase the rate of rehabilitation and rehoming of our animals to generate the maximum number of places of safety for animals desperately in need. We have implemented remote monitoring, so are monitoring our animal centre 24/7.

Financial results and review

The charity’s funds are collected from membership subscriptions, shop sales, rehoming, donations, legacies, collection boxes, special fund-raising events and grants. Total income for the year was £432,466 (2022: £347,299) and total expenditure £489,158 (2022: £395,549) before unrealised investment gains/losses. The excess of expenditure over income for the year after investment gains of £2,148 (2022: losses of £3,607) was £54,544 (loss) (2022: £51,857 (loss)).

The current board of trustees recognises that deficits of this magnitude simply cannot continue and on appointment in October 2023, as soon as access was granted to records, undertook a thorough financial review in order to implement a financial strategy to tackle the deficit.

The charity shops provide the main source of operational income for the branch and animal centre. In 2023, net gains from the retail operation were £130,346 (2022: £125,286). The opening of the Margate shop in May 2023 has increased the branch income although in the main balanced by the set up cost. 2024 should see the real benefit of the Margate shop income. Our thanks go to all our shop managers and volunteers for their hard work.

Fundraising events generated income of £1,706 (2022: £1,070). We thank our staff and volunteers for the extra mile they go to make these events so successful and enjoyable. We aspire to build on this fundraising income in 2024 and have set targets to achieve figures closer to that seen in 2019 (£14,662).

We would like to thank all those people and local businesses who contribute to the success of the Branch and support us with volunteer time, fundraising activities, financial discounts or advertising. There are too many to name individually but they include veterinary surgeries, branch members, staff and volunteers and local press.

Lastly we would like to thank the public for their ongoing support of the Branch, shops and animal centre – we could not succeed without it.

RESERVES POLICY

The branch holds reserves to cover its operational costs and to develop the RSPCA Kent - Isle of Thanet Animal Centre. At 31 December 2023 unrestricted reserves were £127,496 (2022: £189,727) and restricted reserves were £655,035 (2022: £647,348). Our target is to hold sufficient cash/near cash reserves to maintain the day to day operations of the branch for a period of six months (changed from 9 months). Total

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branch expenditure for 2023 was £489,158; this therefore equates to a target of £244,579 to be held as cash/near cash reserves.

The branch is not currently holding reserves in line with its reserves policy, but current activities and short term financial strategies are on target to address this by 2025.

The current board of trustees have taken a full review of all service contracts, with none being left to auto renew and all being renegotiated or changed to new providers at a lower cost. All bills and costs have been reviewed. All avenues of income generation are being explored and a budget has been put in place that will see the branch generate profit in 2024 which will reduce the branch deficit and increase the branch reserves. A Branch Manager position has been created and filled to oversee these branch regeneration efforts. The effect of these changes will be seen in the 2024 annual accounts.

INVESTMENT POLICY

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 holds long-term investments in holdings in JP Morgan equities funds, the income from which is used to further the work of the branch. At 31 December 2023 these investments had a market value of £47,707 (2022: £45,559). Our investment strategy is low risk.

FUTURE DEVELOPMENTS

The Branch intends to hold an AGM in June 2024 and to maintain the Branch in local control.

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

Charity law requires the trustees of the charity to provide financial statements each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enables them to ensure that the financial statements comply with The Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed: Date: 27 June 2024

C.Martin (Chair)

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF

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THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS KENT ISLE OF THANET BRANCH

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 10 to 20.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the Directions given by the Charity Commission under section 145(5) (b) of the Act.

Independent examiner's statement

The Charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of the Association of Chartered Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect:

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.

S J Wren FCCA Accountancy Matters (Kent) Limited Chartered Certified Accountants The Marlowe Innovation Centre Marlowe Way Ramsgate Kent CT12 6FA

Date : 28 June 2024

RSPCA KENT ISLE OF THANET BRANCH

Page 10

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Unrestricted
funds
£
INCOME
Income from charitable activities
2(a)
23,847
Donations, grants and legacies
2(b)
50,481
Income from other trading activities
2(c)
336,782
Investment income
2(d)
585
TOTAL INCOME
411,695
EXPENDITURE
Costs of raising funds
3(a)
204,406
Expenditure on charitable activities
3(b)
269,520
TOTAL EXPENDITURE
473,926
NET INCOME/(EXPENDITURE)
(62,231)
OTHER RECOGNISED GAINS/LOSSES:
Gains/(losses) on revaluation
of investments
7
-
(62,231)
Transfers between funds
11
NET MOVEMENT IN FUNDS
(62,231)
Balance as at 1 January 2023
189,727
BALANCE AT 31 DECEMBER 2023
127,496		 Restricted
funds
£
-
19,000
-
1,771
20,771
-
15,232
15,232
5,539
2,148
7,687
7,687
647,348
655,035		 Total
Total
funds
funds
2023
2022
£
£
23,847
18,663
69,481
60,402
-
336,782
265,948
2,356
2,286
432,466
347,299
204,406
153,979
284,752
241,570
489,158
395,549
(56,692)
(48,250)
2,148
(3,607)
(54,544)
(51,857)
-
-
(54,544)
(51,857)
837,075
888,932
782,531
837,075

RSPCA KENT ISLE OF THANET BRANCH

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BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
6
Investments
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
CURRENT LIABILITIES
Creditors: amounts falling due within one
year
9
NET ASSETS
10
Represented by:
FUNDS OF THE CHARITY
Restricted funds
11
Unrestricted funds :
Designated funds
11
General funds
11
TOTAL CHARITY FUNDS		 46,647
273,951
320,598
(186,673)		 2023
£
600,899
47,707
648,606
9,313
183,104
192,417
(28,917)
133,925
782,531
653,264
-
129,267
782,531		 2022
£
628,016
45,559
673,575
163,500
837,075
647,348
-
189,727
837,075

These accounts were approved and signed for issue by the trustees on 27 June 2024.

C Martin - Chair

E Fernando - Treasurer

RSPCA KENT ISLE OF THANET BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the requirements of the Charities Act 2011 and applicable accounting standards and follow the recommendations in the 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 the Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)).

RSPCA Kent Isle of Thanet 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 note.

The principal accounting policies adopted are as follows:

The accounts have been prepared on a going concern basis as charity has sufficient liquid reserves to fund its operational activities for at least twelve months from the date these accounts are formally approved.

b) Income

All income is included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy and its receipt is probable.

The following specific policies are adopted and applied to particular categories of income :

Charity shop sales are recognised as income when the donated goods are sold as it is considered impractical to measure the fair value of goods donated for resale.

Legacies are recognised on the earlier of receipt of the legacy or where the receipt is probable.

Voluntary income by way of grants and donations is included in the statement of financial activities when receivable.

All expenditure is accounted for on an accruals basis and excludes VAT where applicable. Where such costs relate to more than one functional cost category they have been split on an estimate of time spent. Resources expended are shown as :

Charitable expenditure - comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes both those costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, including governance costs (costs associated with meeting the constitutional and statutory requirements of the charity and includes the Independent Examiners fee). Support costs are allocated individually based on their estimated relative benefit to charitable activities and raising funds.

d) Tangible fixed assets

Tangible fixed assets costing more than £250 are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows :

Animal Centre building 2% straight line Fixtures, fittings & equipment 20% straight line Motor vehicles 20% straight line Leasehold improvements Straight line over the period to the first break clause

RSPCA KENT ISLE OF THANET BRANCH

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 ACCOUNTING POLICIES - Cont'd

e) Investments

Investments are initially recognised at cost. Subsequently investments whose value can be measured reliably are measured at fair value. Gains and losses arising from changes in the fair value of investments are included in the Statement of Financial Activities in the period in which they arise.

f) Fund accounting

Unrestricted funds are donations and other income receivable without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets this criteria is charged to the fund.

g) Pensions

The charity operates a defined contribution pension scheme. Contributions payable are charged as an expenses in the statement of financial activities.

h) Operating leases

Rentals payable under operating leases are charged to the statement of financial activities on a straight line basis over the period of the lease.

i) Significant judgements and estimates

No significant judgements have had to be made by the Trustees in preparing these financial statements

RSPCA KENT ISLE OF THANET BRANCH

Page 14

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2
INCOME
Unrestricted
funds
£
a)
Income from charitable activities
Pet insurance
310
Services provided
23,537
23,847
b)
Donations, grants and legacies
Legacies
2,000
Donations and subscriptions
13,791
Fundraising
1,706
RSPCA - SERB
10,000
RSPCA HQ Grant
-
Grants : Door to Door
22,984
50,481
c)
Income from other trading activities
Charity shop sales
316,193
Sale of goods at the animal centre
6,446
Rental income
14,143
336,782
d)
Investment Income
Bank interest
585
Investment Income
1,771
2,356		 Restricted
funds
£
-
-
-
-
-
-
-
19,000
-
19,000
-
-
-
~~.~~
-
-
-
-		 2023
Total
funds
£
310
23,537
23,847
2,000
13,791
1,706
10,000
19,000
22,984
69,481
316,193
6,446
14,143
336,782
585
1,771
2,356		 2022
Total
funds
£
45
18,618
18,663
-
25,607
1,070
10,454
-
23,271
60,402
261,474
2,074
2,400
265,948
68
2,218
2,286

RSPCA KENT ISLE OF THANET BRANCH

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3
EXPENDITURE
Unrestricted
funds
£
a)
Costs of raising funds
Shop operating costs
185,847
Fundraising expenses
192
Rental property fees
2,168
Support costs (see below)
16,199
204,406
b) Expenditure on charitable activities
Animal centre costs :
Wages and salaries
110,613
Staff expenses & training
1,036
Rates and utilities
1,635
Light and heat
25,524
Telephone
2,576
Veterinary costs
56,089
Food, litter and bedding
30,883
Cleaning and refuse
6,179
Repairs and maintenance
4,129
Other expenses
48
Depreciation - Animal Centre
-
Motor expenses
1,609
Support costs (see below)
16,200
Governance costs
Wages and salaries
-
Legal and professional fees
11,499
Restructuring fees
-
Independent Examiner's fee
1,500
269,520
473,926
Allocation of support costs
Raising
Funds
Administration salaries
-
Legal and professional fees
6,965
Bank and credit card charges
545
Insurance
657
Web/internet
84
Printing, postage and stationery
356
Volunteer expenses
-
Depreciation - Fixtures, fittings & equip
6,549
Depreciation - Motor vehicle
710
Bad debts
-
Irrecoverable VAT
333
16,199		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
15,232
-
-
-
-
-
-
15,232
15,232
Charitable
Activities
-
6,965
545
657
83
357
-
6,549
710
-
334
16,200		 2023
Total
funds
£
185,847
192
2,168
16,199
204,406
110,613
1,036
1,635
25,524
2,576
56,089
30,883
6,179
4,129
48
15,232
1,609
16,200
-
11,499
-
1,500
284,752
489,158
2023
Total
funds
-
13,930
1,090
1,314
167
713
-
13,098
1,420
-
667
32,399		 2022
Total
funds
£
136,188
410
570
16,811
153,979
100,883
1,691
3,135
13,221
2,661
28,832
24,578
6,881
15,625
95
15,232
2,338
16,811
-
-
8,112
1,475
241,570
395,549
2023
Total
funds
4,577
9,522
1,556
1,747
100
448
-
14,135
1,420
-
117
33,622

RSPCA KENT ISLE OF THANET BRANCH

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4
NET INCOME
This is stated after charging:
Operating lease rentals
Depreciation
Independent Examiner's remuneration :
-
Independent Examiners' fee
5
INFORMATION REGARDING EMPLOYEES
Wages and salaries
Redundancy
Social security costs
Employer pension contributions
Employment Allowance		 2023
£
40,467
29,750
1,500
2023
£
196,685
-
10,674
2,661
(5,000)
205,020		 2022
£
27,949
30,787
1,475
2022
£
170,200
5,198
10,158
2,250
(5,000)
182,806

The average number of employees based on full time equivalents analysed by function was:

Shops
Animal Centre
Management and administration		 2023
2022
Number
Number
5
5
6
5
-
-
11
10

The average monthly head count was 15 staff (2022 - 13 staff).

No employee had emoluments in excess of £60,000 (2022 - Nil).

No trustees received remuneration or were reimbursed expenses from the charity during the year (2022 - £Nil).

The total employee benefits (including employers national insurance) of the key management personnel of the charity were £22,777 (2022- £28,467).

RSPCA KENT ISLE OF THANET BRANCH

Page 17

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6
FIXED ASSETS
Cost
As at 1 January 2023
Additions
Disposals
As at 31 December 2023
Depreciation
As at 1 January 2023
Disposals
Charge for the year
As at 31 December 2023
Net book value
As at 31 December 2023
As at 31 December 2022
7
INVESTMENTS
Cost or valuation
At 1 January 2023
Transfers
Revaluation to fair value
At 31 December 2023
All investments are held in the UK.
8
DEBTORS
VAT
Other debtors
Prepayments
Accrued income		 Animal
Leasehold
Centre
improvements
£
£
841,597
9,293
-
-
-
-
841,597
9,293
243,889
9,293
-
-
15,232
-
259,121
9,293
582,476
-
597,708
-
UK Equity
funds
£
45,559
-
2,148
47,707		 £
95,227
2,633
-
97,860
67,759
-
13,098
80,857
17,003
27,468
fittings &
Fixtures,
equipment		 Motor
vehicles
£
7,100
-
-
7,100
4,260
-
1,420
5,680
1,420
2,840
2023
Total
£
45,559
-
2,148
47,707
2023
£
5,411
34,322
6,914
-
46,647		 Total
£
953,217
2,633
-
955,850
325,201
-
29,750
354,951
600,899
628,016
2022
Total
£
49,166
-
(3,607)
45,559
2022
£
3,102
1,111
4,850
250
9,313

RSPCA KENT ISLE OF THANET BRANCH

Page 18

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
Accruals		 2023
2022
£
£
179,582
15,503
-
1,072
812
295
6,279
12,047
186,673
28,917

10 ANALYSIS OF NET ASSETS BETWEEN FUND

General Designated
funds
funds
£
£
Tangible fixed assets
18,423
-
Investments
-
-
Current assets
297,517
-
Current liabilities
(186,673)
-
Net assets as at 31 December 2023
129,267
-
ANALYSIS OF NET ASSETS BETWEEN FUND - PREVIOUS YEAR
General Designated
funds
funds
£
£
Tangible fixed assets
30,308
-
Investments
-
-
Current assets
188,336
-
Current liabilities
(28,917)
-
Net assets as at 31 December 2022
189,727
-
11 MOVEMENT IN FUNDS
As at
Incoming
Outgoing
1 01 2023
resources
resources/
Inv. gain
£
£
£
Restricted funds
EKAC
643,267
1,771
(13,084)
Rabbit Village
4,081
-
-
Dog Facility
-
19,000
-
Total restricted funds
647,348
20,771
(13,084)
Designated funds
-
-
-
Total designated funds
-
-
-
Unrestricted general funds
189,727
411,695
(473,926)
Total funds
837,075
432,466
(487,010)		 Restricted
funds
£
582,476
47,707
23,081
-
653,264
Restricted
funds
£
597,708
45,559
4,081
-
647,348
Transfers
£
(1,771)
-
-
(1,771)
-
-
1,771
-		 Total
£
600,899
47,707
320,598
(186,673)
782,531
Total
£
628,016
45,559
192,417
(28,917)
837,075
As at
31 12 2023
£
630,183
4,081
19,000
653,264
-
-
129,267
782,531

RSPCA KENT ISLE OF THANET BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page 19

11 MOVEMENT IN FUNDS - Cont'd

RESTRICTED FUNDS

East Kent Animal Centre (EKAC)

This fund originally arose from an appeal to fund the building of the East Kent Animal Centre, but now it is complete unrestricted funds are transferred to cover the shortfall of restricted income. The fund is represented by the book value of the Animal Centre and the carrying value of the investments.

Rabbit Village

Funding received from the Regional Board (in a previous year) to fund the construction of the Rabbit Village. During the year, CCTV has been installed to cover the Rabbit Village. The transfer represents the amount spent which has been included in Fixed Assets. The remaining unspent funds have been carried forward to the following year.

Dog Facility

The branch has received a grant of £19,000 from the Friends of South Godstone which is restricted to build a dog facility. This facility will provide a designated indoor space for enrichment, assessment and training. It will provide a space outside the kennel environment for the dogs to relax and to meet prospective owners and fosterers in a setting more closely resembling a home. This will enrich the dogs lives whilst at the branch, enhance their chances of being rehomed and improve our rehoming rate. The grant was received in December 2023 and therefore as at 31 December 2023 the funds are carried forward to be spent in 2024.

MOVEMENT IN FUNDS - PREVIOUS YEAR

Restricted funds
EKAC
Rabbit Village
Boilers
Chicken project
Total restricted funds
Designated funds
Total designated funds
Unrestricted general funds
Total funds		 As at
1 01 2022
£
662,106
5,206
-
433
667,745
-
-
221,187
888,932		 Incoming
resources
£
2,218
-
10,454
-
12,672
-
-
334,627
347,299		 Outgoing
resources/
Inv. loss
£
(18,839)
-
(10,454)
(433)
(29,726)
-
-
(369,430)
(399,156)		 Transfers
As at
31 12 2022
£
£
(2,218)
643,267
(1,125)
4,081
-
-
-
-
(3,343)
647,348
-
-
-
-
3,343
189,727
-
837,075

RESTRICTED FUNDS - PREVIOUS YEAR

East Kent Animal Centre (EKAC)

This fund originally arose from an appeal to fund the building and running of the East Kent Animal Centre, but now it is complete unrestricted funds are transferred to cover the shortfall of restricted income. The fund is represented by the book value of the Animal Centre and the carrying value of the investments.

RSPCA KENT ISLE OF THANET BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page 20

11 RESTRICTED FUNDS - PREVIOUS YEAR - Cont'd

Rabbit Village

Funding received from the Regional Board (in a previous year) to fund the construction of the Rabbit Village. During the year, CCTV has been installed to cover the Rabbit Village. The transfer represents the amount spent which has been included in Fixed Assets. The remaining unspent funds have been carried forward to the following year.

Boilers

A grant from the South East Regional Board enabled the replacement of the ageing and unreliable heating boilers in the Reception block and accommodation.

Chicken project

A grant received in a previous year from RSPCA Brighton to provide Chicken accommodation. The fund balance brought forward has been spent during the year.

12 FINANCIAL COMMITMENTS

At 31 December 2023 the charity had future minimum lease payments under non-cancellable operating leases as follows:

2023 2022
£ £
within one year 33,550 40,383
within two to five years 89,692 115,242
after five years 4,000 12,000

13 TAXATION

The Branch is a registered charity and accordingly is exempt from taxation on income and gains where they are applied for charitable purposes.

14 RELATED PARTY TRANSACTIONS

During the year the Charity received £22,984 (2022 - £23,271) in a share of Door to Door fundraising income from the National Society.

During the year the charity charged Enve Canine Services Ltd (a company in which Emma Fernando is a director and shareholder) £403 for use of land at the Animal Centre. This transaction was carried out at market rates.

There were no other transactions with related parties during the year under review that need to be disclosed.