RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH Charity number 211851 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 COMMUNITY Community Accounts Service
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Reference & Administrative Details Trustees Annual Report Independent Examination report Statement of Financial Activities 10 Balance Sheet Notes to the financial statements 12-20
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH LEGAL AND REFERENCE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Charity Number.. 211851 Trustees.. Antonella Cavedaschi (Chair person) (resigned 2911012023) Anne Lewis David Broome (Resigned September 2023) Susan Powers {Secretary} Susan Warlow Melissa Manski Lavaniya Das (Stepped down June 20231 Owen Pyle Irina Ivanova (Stepped down June 2023} Elaine Crehan Renzo Cavedaschi (Co-opted June 2023) (Resigned October 2023) Principal Address.. 160 High Road East FinGhley London N2 9AS The Branch has an annual lurnover of less than £500,000 so does not rèquire an audit, but an independent exarnination. Independent Examiners.. Communty360 Winsley's House High Street Colchester C01 1UG Bankers.. National Westminster Bank CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Structure, Governance & Management The RSPCA Finchley, Golders Green, Hendon and District Branch is constituted as an unincorporated charitable association. The branch operates as an autonomous branch of the National RSPCA subject to its rules for branches las updated in 2012) and Garries out its direct animal welfare work within the Branch area. Committee members {Trusteesl are elected at the Annual General Meeting, from and by the members of the Branch, lo carry out the work for the ensuing year. Candidates must receive not less than 510/0 of the voles of the members present and voting. A Trustee can also be co-opled during the year by the Trustees. in acGordance with branch rules. A minimum of seven Trustees and no rnore than fourteen can be nominated to stand for election at the Annual General Meeting. In addition, a further three Trustees can be co-opted throughout that year. When joining the committee, new Trustees are able to aCsS the RSPCA intranet °The Link. which holds information outlining the role of the Trustee with the Branch as well as the responsibilities and obligations that the role of Trustee entails. In addition, new Trustees will receive an introduction to the branch, its history, and the current and planned activities for the future. All trustees are briefed on their responsibilities as trustees prior to their acceptance of the role and signed the Trustee Code of Conduct. Trustees Declaration of Willingness to Act and, where appropriate, fit and Proper Persons. The Trustees hold meetings in accordance with the branch rules at which decisions are made. Day to day running of the branch is delegated to the branch manager (while Ihe branch manager was on leave during 2023, the day to day responsibilities were covered by members of the Trustee committee). Day to day running of the East Finchley and North Finchley Charity shops is delegated to the Shop Managers and Deputy Shop Managers. Day to day running of the clinic is de5egated to the Clinic Manager. The branch operates wrthin a national network of autonomous RSPCA Branches under the umbrella of the National RSPCA that all pursue the same objectives and which are known collectively as the Royal Society for the Prevention of Cruelly to Animals. The nelwork comprises independent branches operating within a defined geographical area for the purpose of fundraising and the provision of animal care facilities and treatments. A regional structure also exists that is overseen on a national basis. This structure provides a team of specialist Inspectors and coordinates the policies and objectives of the branches. Representatives of the branches, regional and national organisations meet on a bi-annual basis as a forum to consider all issues affeGting animal welfare, and to develop policies for the future pursuit of their common aims. The branch also has links with other organisations committed to the same objectives. Rlsk Management The trustees actively review the risks. which Ihe branch faces on a regular basis through regular meetings of the trustees that cover operational and financial reviews. The trustees also examine other operational and business risks which the branch fa and confirm that they have established
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 systems to mitigate the significant risks, which have been identified as.. Inability to operate the clinic because of fire or other destruction Loss of reputation through error or fraud Loss of income through error or fraud • Insufficient funds to cover the costs of animal welfare activities. Los5 of income through poor investment management Insufficient Trustees for the branch to continue Insufficient volunteers for fundraising activities It is the opinion of the Trustees that the branches policies. prOdureS and controls are adequate to mitigate financial loss through error or fraud and to maintain the future financial viability of the branch. Continued steps are being taken to address the issuè of Trustee and volunleer recruitment. Objects, objectives and principal activities The objects of the branch are to promote the work and objects of the National Society of the RSPCA - to promote kindness or to 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, in accordance with th8 policies of the Society. 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 lo deliver benefits to the public. Public Benefit The Trustees have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidan published by the Charity Commission which can be illustrated as follows.. Under the Charities Act 2011, the advancement of animal welfare is recognised as a distinct statutory charitable purpose. This legislation and the Animal Welfare Acl indicate an acPIanCe by society that treating living creatures with compassion has a moral benefit for the public as a whole. Whilst this public benefit is clear, it is sometimes difficutt to quantify and must be balanced against detriment. The Branch supports the local Inspectors by taking in, free of Gharge, mistreated or abandoned animals including pets whose owners suffer ill health or financial difficulties or pass away and financing, where applicable, veterinary costs of mistr6ated or abandoned animals. The Branch provides education, information and advice, benefiting the public by promoting compassionate human sentiment towards animals. he Branch rehomes animals in need at low cost to people willing and able to have a companion animal. These animals are boarded in a boarding facility at our neighbouring branch, RSPCA Central London Branch or are placed in foster care. In 2023 we re-homed 6212022.'68) cats by remote and virtual home visits. We transferred 18 Gats to other RSPCA facilitieslbranches for rehome or re-location (feral cats).
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The cost to the branch for boarding is around £20k per annum plus veterinary fees. We neutered 96 animals and microchipped 78 animals. Whilst we recognise that companion animals provide measurable benefits to people's physical and mental health, we consider the provision of pets as a subsidiary lo the main charilable aim of this seNice, which is to reduce animal suffering. Our 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 in the best interests of animals. and therefore would fall outside our objects. to re-home to those who could not afford them. Animals in our care receive veterinary treatment, vaccination, neutering, micro-chipping and are assessed for re-homing. This work helps to control the incidence and spread of disease and suffering through vaccination and neutering. The branch responds to enquiries (both direct and via the Society's national call ntre) from the public about animals locally. The public benefits from knowing that we can intervene to assist animals in need. The Branch provides subsidised veterinary treatment for animals which are sick or injured and belong to people on low incomes. Up until the end of 2018 this service was offered via the low cost linic in East Finchley to serve those on means tested benefits by giving financial help to obtain veterinary care for companion animals. Al the end of 2018, the trustees made the decision to close the RSPCA East Finchley Small Animal Clinic reflecting concerns about changes in regulations, uncertainty with the lease renewal in conjunction with falling demand. From January 2019 we entered into a new working partnership wrth The Two by Two Veterinary Centre in Central Finchley whereby the RSPCA Finchley Branch subsidises a contribution towards certain treatment costs. This arrangement (RSPCA Finchley Branch Clinic Scheme) allows for more practical working hours, local access to more seNices and the branch will have more control over who will be eligible to access this scheme as the neSsarY 24-hour cover is included in the agreement. During 2023 the RSPCA Finchley Branch Clinic Scheme saw 430 appointments. This work benefits those on means tested benefits by giving them financial help to obtain care for companion animals in need of velerinary Ireatment. The Branch provide5 volunleering opportunities for those who wish to support our work including trusteeship, charity shop assistants, cat fostenng and fundraising whilst fully embracing our equal opportunities policy. This benefits local people by providing the possibility of doing voluntary work which is compassionate and rewarding.
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Chairman Report on the Achievements and perfomiancè In the absence of a Chairman as at the end of 2023, this report has been written and agreed by the Truste8 Committee. During 2023 the Branch remained without a second Animal Welfare Officer and the Branch Manager remained on leave until October 2023. The Trustee Committee were able to cover the core management activities of the branch in the Branch Manager's absence. However this was challenging and meanl that the focus during 2023 was maintaining the Branch's core funotions. Throughout 2023 the Branch remained committed lo focusing the charity's resources and funding on rescuing, rehabilitating and rehoming local animals and supporting the RSPCA Inspectorate by taking in abused, injured and abandoned animals. In 2023 we took in 100 animals, we rehomed 62 animals and 18 animals were transferred to other RSPCA branches or Gentres. Our veterinary clinic scheme run in partnership with Two by Two Veterinary Centre in Finchley saw 430 appointments, supporting pet owners with treatments for their animals. Overall the charity shops performed well in 2023, raising valuable funds to enable the Branch to continue its animal welfare work. We would like to thank our customers and donors for their continued support After 7 years volunteering as a Trustèe and 2 years as the Chair of the Trusteè Committee. Antonella slepped down from this role in October 2023. We would like to thank Antonella for her years of service to the Branch and, in partlGular, for her support in the day lo day running of both charity shops. During 2023 our Treasurer also elected to step down. We continue to recruit for suitable replacements to fill these key roles on the Trustee Committee. We would like to say thank you to all of the Branch volunteers for their assistance during 2023. The Branch relies heavily on our shop volunteers, cat fosterers and volunteer drivers and their continued support ensures that we can continue to help more animals in the local area. The Trustee Committee would also like to thank all staff members for their continued service and dedication to the Branch. The mission of the Branch is to ensure animals have a good life by rescuing and caring for those in need. by advocating on behalf of all animals and by inspiring everyone lo treat them with compassion and respect. Our vision is a world where all animals are respected and treated with kindness and compassion. Thank you again for the continued support of our Branch. Signed On behalf of the Trustee Comminttee
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Financial Revl8W In the absence of a Treasurer as at the end of 2023, this report has been written and agreed by the Trustee Committee. 2023 was a Ghallènging financial year for the Branch as the Branch's operating costs continued to increase. The total annual income of the Branch had a modest increase.. £314,400 in 2023 vs £311,739 in 2022. This increase was due to an increase in Donations and legacy income." £33,644 in 2023 vs £29,959 in 2022. This includes £1,282 that the Branch was able lo reclaim by boarding animals taken from the Inspectorate list. Both charity shops continued to steadily perform although ended the year with a marginally lower income than previously.. £275,490 in 2023 vs £276,201 in 2022. Overall, considering the Branch was operating with only one AWO and without a Branch Manager for a large part of the year, we are pleased with the outcome. However, on the costs side, lolal expendtture in the year increased by 13.40h: £349,344 in 2023 vs £308,149 in 2022. This led to the Branch finishing the year with an operating loss of -£34,944. The key drivers behind this increase were (il the higher clinic, medical and re-homing costs which increased by 57 % (£53,517 in 2023 vs £34,105 in 2022) due to the increase in medical costs both for animals the Branch re-homed and contributed to via the clinic scheme., and {ii) staff costs increased by 19 % (£203,541 in 2023 vs £171,136) both with more staff taken on to support trading at relail shops and an increase in staff salaries to align with the increase in the minimum wage and London livin9 wage. It is acknowledged that staff costs were a key part of the increase. However, the Branch must ensure a sufficient level of staff for the sucSsful day to day operation of the charity shops, given the shops provide a vital revenue stream. Outlook 2024 For 2024. we continue to assume an increase in costs across all operations and assume an operating deficit in 2024. However, we will be looking lo make immediate cost-cutting decisions in the first part of 2024 following a review of Branch activity. The immediate aim will be to ensure that the Branch focuses on ils core activities.. rescuing, rehabilitating and rehoming local animals and supporting the RSPCA Inspectorate by taking in abused. injured and abandoned animals. Reserves policy It is the policy of the branch to maintain the free reserves of the branch, at a level equal to one year's unrestricted expenditure. As the charity relies heavily on donations and legacies, both of which can fluctuate enomiously from year to year to fund its animal welfare work in the area including thè running of the cattery, it is felt prudent to maintain reserves at this level. Trustees are of the opinion that the existing level of reserves is more than sufficient to meet any potential reduction in incoming resources in the next twelve months. Free reserves are defined as unrestricted funds not held as tangible assets.
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Investment policy The investment policy of the Branch is.. The current account balance should not fall below £5000 That unrestricted reseNes, currently held in COIF Charities Deposit Fund, are available to draw from for running costs, and thal quarterly interest be reinvested That restricted reserv8s be held in a separate COIF Charities Deposit Fund, and that the quarterly interest is reinvested. The investment managers are CCLA Investment Management Ltd and they manage the funds on behalf of the branch. The investments analysis, valuation and Gosts are shown in note. Future plans The Trustee Committee is actively recruiting for more Trustee volunteers, specifically those with experience or an interest in fundraising. With the additional Trustees support, the Committee plans to look at ways of generating more income and to focus the charity's resources and funding on rescuing, rehabilitating and rehoming animals and supporting the RSPCA Inspectorate by taking in abused, injured and abandoned animals. In addition, to increase trading income the Branch's charity shops wll open on all bank holidays (excluding Easter Sunday, Christmas Day and Boxing Dayl. The Branch hopes to launch an Ebay store in 2024 to sell high value items donated ta the charity shops which would generate more income if sold online. The Branch will also attend local fundraising events lo raise funds and increase the awareness of the Branch and promote good animal welfare in the local comrnunity. Statement of Trustee's responslbilities The trustees are responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and regulations. Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected lo prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom Accounting Standards and applicable law). The financial statemenls are required by law to give a true and fair view of the stale of affairs and the net incoming or outgoing resources of the charity for that period. In preparing the financial statements, Trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principles in the Charities SORP 2015 IFRS 102',} Make judgements and estimates Ihat are reasonable and prudent., Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatements., Prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihal the charity will continue in operation.
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 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 slalements comply wilh the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and trust deed. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent and detect fraud and other irregularities. So far as the Trustees are aware, there is no relevant aGGounting information of which the Charity's Independent Examiners are unaware. Additionally the Trustees have taken all the steps they ought lo have taken as Trustees in order to make Ihemselves aware of any relevant accounting information and to establish that the Charity's Independent Examiners are aware of that information. The board of Trustees approved thi5 report on Signed
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 I report on the accounts of RSPCA Finchley, Golders Green, Hendon and District Branch for the year ended 31 December 2023 which are set out on pages 10 to 20. Respective responsibilitles of trustees and examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year (under section 144 (2} of the Charities Act 2011 (The Act} but that an independent examination is needed. The charities gross income exceeded £250,000 and l am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians. It is my responsibility to: Examine the accounts under section 145 of the Charities Act, To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and To state whether particular matters have come to my attention. Basis of independent examiner's Statement My examination was carried out in accordan with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements Conrning the form and content of the 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 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. Shelley-marie Rudling FMAAT AATQB for and on beha Community360 Winsley's House, High Street, Colchester, Essex of.. Date JO,
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Notss 2023 2023 2023 2022 Incoming resources Incoming resources from generatod funds Donations and legacies Fundraising Charitable activities Other trading income Investment income 33,644 1,251 33,644 1,251 29,959 2,160 2,149 276,201 1,270 311,739 275,490 4,015 314,400 275,490 4,015 314.400 Total incoming resources Resources expended Cost of generating funds Raising funds Charitable activities Total resources expended 231.641 117,704 349,344 231,641 117,704 349,344 209,728 98.421 308,149 Prior year adjusment Gainl(Loss) on sale of assets Net incomel(expendlturel 454 (34,944) (34,944) Total funds brought forward 18 314,021 45,520 359,542 355,498 Total funds Carried forward 18 279,077 45,520 324,597 359,542 The notes on pages 12 - 20 form part of thesè financial statements 10
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH BALANCE SHEET AS AT 31 DECEMBER 2023 Total funds Prior year funds 2023 2022 Notes Fixed assets Tangible assets 14 3,129 3,129 9,311 9.311 Current assets Debtors.. amounts falling due within one year Investments Cash at bank and in hand 15 34.365 135,477 150.920 320,762 19,698 131,462 210,279 361,439 Liabilities Creditors.. amounts falling due within one year Net current assetsllliabilitiesl 16 3,473 15.387 317,290 346,052 Non Current Assets Deblors.. amounls falling due after one year 15 4,179 4,179 Net assets 324,597 359,542 Funds of the charity Unrestricted funds Restricted funds 18 18 279,077 45,520 324,597 314,021 45,520 359,542 Total Funds The financial statements were approved by the branch on on their behalf by-. and signed Signed.. Name.. Date.. 11
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. Accounting policies 1.1 Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement on Recommended Practise applicable to charities preparing their aGcounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102} leffe¢tive 1 January 2019}. (Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Cash Flow The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statemenl under Financial Reporting Standard 1 "Cash flow statements" 1.2 Fund Accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the branch and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the branch for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.3 Income All income is recognised once the branch has entitlement to the income, it is probable that the income will be reiVed and the amount of income re1vable can be measured reliably. For legacies, entitlement is taken as the eadier of the date on which either.. the branch is aware that probate has been granted, the estate has been finalised and notrfication has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can ben measured reliably and the branch has been notified of the executor's intention lo make a distribution. Where legacies have been notified to the branch, or Ihe branch is aware of the granting of probate, and the criteria for income recognition have not been met. Ihen the legacy is treated as a contingent asset and disclosed if material. 12
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the branch where this can be quantified and a third party is bearing the cost. No amounts are included in the finanGial statements for services donated by volunteers. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation. Income lax recoverable in relation lo investment income is recognised at the time the investrnent income is receivable. 1.4 Expenditure Expenditure is recognis8d once there is a legal or constructive obligation to make payment to a third party, it is probable that settlemenl will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. They also include Gosts incurred in the running of the charity shop. Support costs are those costs incurred directly in support of expenditure on Ihe objects of the branch. Governance costs are those incurred in onnection with administration of the branch and compliance with constitutional and statutory requirements. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such as grants being recognised as expenditure when the conditions altaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 1.5 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases.. Leasehold improvements Fixtures and fittings Office equipment Motor Vehicles straight line over the lease term Straight line over five years Straight line over three years Straight line over five years 1.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the bran¢h', this is normally upon notrfication of the interest paid or payable by the Bank. 1.7 Stocks Stocks are valued a the lower cost and net realisable value after making due alloWanS for obsolete and slow-moving stocks, on a FIFO basis. 13
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1.8 Debtors Trade and other debtors are recognised at the 5ettlem6nt amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Creditors and provisions Creditors and provisions are recognised where the branch has a present obligation resulting from past event that will probably result in the transfer of funds to a third party and the amounl due to settle the obligation can be measured or estimaled reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trad8 discounts due. 1.9 Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from Ihe date of acquisition or opening of the deposit or similar account. 2. Donalions and legacies Unrestricted Restricted Fund Fund Total 2023 Total 2022 Subscriptions Donations Adoption donations Cat boarding reclaim Miscellaneous income 279 24,659 6,009 1,282 1,415 33.644 279 24,659 6,009 1,282 1,415 33,644 91 24,078 5,577 213 29,959 There were no restricted donations in the prior year. 3. Fundraising Unrestricted Restricted Fund Fund Total 2023 Total 2022 Collection boxes 1,251 1,251 1,251 1,251 2,160 2,160 There was no restricted fundraising income in the prior year. 14
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 4. Other trading income Unrestricted Restricted Fund Fund Total 2023 Total 2022 Shop income (sales of donated goods) 275,490 275,490 275,490 275,490 276,201 276,201 S. Investment income Unrestrlcted Restrlcted Fund Fund Total 2023 Total 2022 Interest received 4,015 4,015 4.015 4,015 1,270 1,270 Ther8 was no restricted investment income in the prior year. 6. Income from Charitabl8 actlvlties Unrestricted Restricted Fund Fund Total 2023 Total 2022 Barn8t London Borough COVID grants 2,149 2,149 There was no restricted income from charitable activities in the prior year. 7. Analysis of resources expended by activities Activities Undertaken Directly Support Costs (note 10) Total 2023 Total 2022 Costs of charitable activities 53.517 64,186 117,704 98,421 53.517 64,186 117,704 98,421 8. Costs of charitable acllvities undertaken directly Total 2023 Total 2022 CLINIC Clinic Gosts Other medical costs Cat re-homing ntre costs 6,110 25,370 22,038 53,517 2,015 16,026 16,065 34,105 15
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 9. Raising Funds Total 2023 Total 2022 SHOP Wages & salaries National insurance Pension Rent Other premises expenses and waste disposal Depreciation Other costs Support costs - note 10 155,233 7,495 2,926 49,665 7,016 129,730 5,192 2,353 51,203 13,668 1.101 8,206 231,641 931 6,650 209,728 10. Support costs Charitsble Activities Shop Expenditure Total 2023 Total 2022 Rent and rates Light and heal Maintenance of property Equipment expensed Telephone costs Postage, stationery & sundry Gosts Travelling costs foslering scheme Motor Expenses Insurance Donations Bank charges Sundry expenses Training Repairs & maintenance Accountancy Wages & salaries National insurance Pension Depreciation 893 3,032 743 70 234 1,623 228 5,384 742 8,075 3,986 1,365 6,577 6,577 1,267 1,267 349 585 349 825 961 3,178 2,679 240 961 3,178 2.679 3,476 1,231 3.476 1,926 695 2,912 4,894 40,226 588 824 1,711 64,186 2,912 4,894 40,226 588 824 1,711 72.393 613 3,203 35,959 255 711 3,851 70,966 8,206 Staff costs are split between shop expenditure and cosls of Gharitable activities on the basis of an estimate of time spent by the relevant employee. Other support costs which relate to both expenditure and costs of charitable activities are split on a 50'.50 basis, as this is the approximate overall proportion by which such expenses have increased since the shop opened. 16
RSPCA FINCHLEY, GOLDERS GREEN. HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Analysls of resources expended by expenditure type Staff costs 2023 Depreciation Other costs 2023 2023 Total 2023 Total 2022 Expenditure on fundraising trading 162,728 68 913 231,641 209,728 Costs of generating funds 162,728 68,913 231,641 209,728 Costs of charitable activities 40,814 1,711 75,178 117,704 98,421 203,541 1,711 144,092 349,344 308,149 12. Net incoming resourcesl{resour¢es expended) This is staled after charging.. 2023 2022 Depreciation of tangible fixed assets.. owned by the charity 1,711 3,851 During the year, no trustees reiVed any remuneration12022 - £NILI. During the year, no Trustees received any benefits in kind (2022 - £NIL). During the year, Trustees received reimbursemenl of £399.85 of travel costs {2022 - £NIL). 13. Staff costs 2023 2022 Staff costs were as follows. Wages and salaries Social security costs 195,459 8,082 203,541 165,689 5,447 171,136 The average monthly number of employees was.. 12 (2022.. 8) and the average monthly number or employees during the year expressed as full time equivalents was as follows {including casual and part-time staff).. 2023 No. 2022 No employee received remuneration amounling to more than £60,000 in either year. No member of Key Management received more than £60,000 in either year. 17
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Tangible Fixed Assets Motor Vehiclos Leasehold Fixtures & Improvements Fittings Office Equipment Totals Cost As at 0110112023 Additions Disposals As at 3111212023 15.448 7,609 5,101 3,239 31,397 7,449 7,999 7,449 23,948 7,609 5.101 3,239 Depreclation As at 0110112023 Charge for the year Disposals As al 3111212023 6,695 1,600 7,609 4,543 112 3,239 22,086 1,711 2,978 20,819 5,317 7,609 4,655 3,239 As at 3111212023 2,682 446 3.129 As at 3111212022 8.753 558 9,311 15. Oèbtors Total 2023 Total 2022 Due aftor more than one year 4,179 4,179 Due within one year Debtors Other debtors VAT Prepayments and accrued income 1,538 10,337 3,631 18,859 34,365 5,581 2,725 11,391 19,698 16. Creditors: Amounts falling due within one year Total 2023 Total 2022 Trade creditors Other credilors Accruals and deferred income 139 2,917 417 3,473 13,862 708 817 15,387 17. Operatlng lease commitments At 31 Dernber 2023 the branch had annual commitments under non-cancellable operating leases as follows.. 2023 2022 Later than 1 year and not later than 5 years 32,000 34,000 18
RSPCA FINCHLEY. GOLDERS GREEN. HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Statement of funds Incoming Resources Resourc8s Prior Year Inc. Transfers Expended Adjustment Brought Forward Carried Forward General funds General fund 314,021 314,021 314,400 314,400 {349,344) (349,344) 279,077 279,077 Total unrestricted funds Restricted funds Restricted fund Total restricted funds 45,520 45,520 45,520 45,520 The restricted fund relates to the bequest of Vera Joan Thursfield and is for the benefit of the branch clinic and refurbishment expenditure. 19. Analysis of net assets between funds Unrestricted Restricted Funds Funds 2023 2023 Totsl Funds 2023 Total Funds 2022 Tangible fixed assets Debtors due after more than 1 year Current assets Creditors due within one year 3,129 4,179 275,242 (3,4731 279,076 3.129 4,179 320,762 13,473) 324,597 9,311 4,179 361,439 115,387) 359,541 45,520 45,520 20. Golng concern The charity is operating on a going concern basis 21. Related Party Transactions The charity reimbursed trustees for £399.8512022.' £Nil) of travel costs incurred during the year. £1,708.68 was paid to trustees for reimbursement of general expenses (2022-. £842.05). A trustee was paid £Nil for reimbursement of rehoming costs12022'. £Nil). 19
RSPCA FINCHLEY, GOLDERS GREEN, HENDON AND DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 22. Previous years Gomparative fund balances Notes 2022 2022 2022 2022 Incoming rèsources Incoming resources from generated funds Donations and legacies Fundraising Charitable activities Other trading income Investment income 29,959 2,160 2,149 276,201 1,270 311,739 29,959 2,160 2,149 276,201 1,270 311.740 Total incoming resources Resources expended Cost of generating funds Raising funds Charitable activities 209,728 98,421 308,149 209.728 98,421 308.149 7&8 Total resour¢e$ expended Gainl(loss) on sale of assets Prior year adjustment Net incomel{expenditure) Reconciliation of Funds 454 454 4,045 4,045 Total funds brought fonvard 14 309,977 45,520 355,497 Total funds ¢arried fonKard 14 314,022 45,520 359,542 This note is included for comparative purposes. 20