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 aC￿sS 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. prO￿dureS 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 ac￿PIanCe 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 ne￿SsarY 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 suc￿Ssful 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 Con￿rning 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 re￿iVed and the amount of income re￿1vable 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 alloWan￿S 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 re￿iVed 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 De￿rnber 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