REGISTERED CHARITY NUMBER: 222620
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for RSPCA Derby & District Branch
Bourne & Co. Chartered Accountants 3 Charnwood Street Derby Derbyshire DE1 2GY
RSPCA Derby & District Branch
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Cash Flow Statement | 10 | ||
| Notes to the Cash Flow Statement | 11 | ||
| Notes to the Financial Statements | 12 | to | 20 |
RSPCA Derby & District Branch
Reference and Administrative Details for the Year Ended 31 December 2020
TRUSTEES Mrs J Morgan D Turner Mrs J Turner J Walsh Ms M McKenzie-Cooper Ms A Greenall Ms A Pervin Ms M Harper (appointed 6.1.2020) Ms S Whetton (appointed 6.1.2020) Mrs C Howell PRINCIPAL ADDRESS 45 Abbey Street Derby DE22 3SJ REGISTERED CHARITY NUMBER 222620 INDEPENDENT EXAMINER Bourne & Co. Chartered Accountants 3 Charnwood Street Derby Derbyshire DE1 2GY
Page 1
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Branch is an unincorporated charitable association and a separately registered branch of the Royal Society for the Protection of Animals (RSPCA), carrying out its direct animal welfare work in the Derby and District area.
The objectives of the Branch are to promote the work and objectives of the Society - to promote kindness and to 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.
The Trustees have reviewed the outcomes and achievements of our objectives and activities for the year, to ensure they remain focussed on our charitable aims, and continue to deliver benefits to the public. We have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
OBJECTIVES AND ACTIVITIES
Objectives and public benefit statement
The Branch's primary goal is captured under the heading "Rescue, Rehabilitate and Rehome". The philosophy of the Branch is best described as doing all within its remit to support responsible pet ownership, in support of the wider goals of the Society and in compliance with the Society's branch rules.
Advance of animal welfare
Under the Charities Act 2011, the advancement of animal welfare is recognised as a distinct statutory charitable purpose. This legislation and the Animal Welfare Act of the same year indicate an acceptance 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 difficult to quantify and must be balanced against any detriment.
The Branch's animal welfare work, although local in nature, benefits society at large, and also aims to help people in need with the care of their animals. The next section of this report highlights the Branch's main activities and demonstrates the benefit provided to the public. All our charitable activities, as described in more detail in the following sections of this report, focus on promoting kindness and preventing, or suppressing, cruelty to animals, and are undertaken to further these purposes for the public benefit.
Social investments
The Charity implements these objectives through the activities of the Animal Centre. The Centre cares for abandoned or mistreated animals and operates a re-homing programme. The charity shops in Long Eaton, Belper, Ripley, Alvaston, Chaddesden, and Ilkeston provide vital income to fund this work. Volunteers also provide invaluable support to the work of the Branch.
Page 2
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2020
OBJECTIVES AND ACTIVITIES
Charitable activities pursued for the public benefit
We support our local inspectors by taking in, free of charge, mistreated or abandoned animals, including pets whose owners suffer health or financial difficulties or pass away. The Society's Inspectorate (as well as providing education, information and advice) rescues animals in distress and enforces laws against the cruel mistreatment of animals, in England and Wales, by bringing prosecutions. This work is key to "the prevention or suppression of cruelty" part of the RSPCA objectives, and promotes humane sentiments towards animals which involves moral benefit to humankind as a whole.
Outside of the current covid restrictions we provide low-cost micro-chipping, claw clipping and welfare neutering vouchers for companion animals in the Branch area.
We undertake community action events to support local communities with pet care advice and services. This work promotes responsible pet ownership.
Animals in our care receive veterinary treatment, vaccination, flea treatment, neutering, micro-chipping and are assessed for rehoming. This work helps to control the incidence and spread of disease and suffering through vaccination and neutering.
We rehome animals in need, at low cost, to people willing and able to have a companion animal. Whilst we recognise that companion animals provide measurable benefits to peoples physical and mental health, we consider the provision of pets as secondary to the main charitable aim of this service, 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 the animals, and therefore would fall outside of our objectives, to rehome to those who could not afford them.
At present we have very little capacity to take in lost animals and take steps to reunite them with owners, but we are always looking to help where we can. This work benefits our local community (including local authorities) by preventing animals straying and posing a risk to themselves, and to people, through road traffic accidents. We respond to enquiries (direct, through social media and via the Society's national call centre) from the public about animals locally. The public benefits from knowing that we can intervene to assist animals in need.
We offer free animal care advice whenever we can through both organised events and in response to individual queries. The public benefits through the promotion of responsible pet ownership.
Whilst our volunteering opportunities have been curtailed by the covid pandemic, we normally provide volunteering opportunities for those who wish to support our work, including trusteeship, animal fostering, home visiting, fundraising and events support, dog walking and animal socialisation, animal care, administration and retail. This benefits local people and companies by providing the possibility of doing work which is compassionate and rewarding.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During 2020 the Animal Centre re-homed 105 dogs (2019 - 170), 384 cats (2019 - 506) and 412 other animals (2019 - 303) as well as providing support to the RSPCA Inspectorate.
Total incoming resources for the year amounted to £865,724 (2019 - £1,136,129) including legacies of £229,247 (2019 - £481,788).
Expenditure for the year equalled £842,318 (2019 - £921,808) and investment gains amounted to £48,931 (2019 - £22,179) resulting in a net surplus for the year of £72,337 (2019 - £236,500).
FINANCIAL REVIEW
Reserves policy
The Branch holds reserves in order that the levels of service provided for animal welfare may be maintained should there be a reduction in incoming resources.
Reserves in this context mean funds that are freely available for the Branch's general purposes after all commitments have been met.
It is the opinion of the trustees that existing reserves are sufficient to meet any reduction in incoming resources. Unrestricted reserves at 31 December 2020 were £1,196,863 and Restricted reserves were £Nil.
Page 3
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2020
SUMMARY OF BRANCH ACTIVITIES IN 2020 AND PLANS FOR 2021
2020 was dominated by the effects of Covid 19 on the Branch and Society in general. We had a plan for 2020 but in March we had to quickly refocus our planning on coping with the Pandemic. Our priorities in March 2020 were:
-
1) The Safety and wellbeing of staff, volunteers and the general public.
-
2) Compliance with government regulations and guidance.
-
3) Care of animals both in the centre and on foster.
-
4) Managing our finances by ensuring we made full use of the various government schemes.
-
5) Minimising our operating costs.
Some excellent work was done very rapidly to define safe working practices in the Animal Centre, including a two-shift system so that if one shift had to isolate entirely the other shift could provide essential animal care. Retail and support staff were furloughed or worked from home. The initial furlough rules did not allow for part time working which limited our options.
As soon as possible we restarted rehoming animals and developed safe procedures for vetting adopters and taking animals to adopters. This proved very successful and our new method for matching families with animals is something we will continue to develop going forward. As restrictions were relaxed, we were able to progressively re-open our shops on reduced hours and days. The Centre has been closed to the general public and when restrictions permitted, potential adopters visited by appointment. This has worked very well and it is unlikely that we will allow the general public to visit without an appointment in the future except in a very limited way. The staff needed training and support to ensure Covid risks were minimised. Some vulnerable staff remained on furlough which reduced our capacity in the Animal Centre and shops.
Retail
As government restrictions changed, we have had to adapt; opening and closing shops has been particularly frustrating. During the summer the Branch decided that our shop at Carsington was unlikely ever to be profitable and we decided to close it in November. Our staff at Carsington had worked very hard to make the shop a success but retailing new goods requires a very high turnover and good profit margins which proved too challenging. It is unlikely the Branch would open a New Goods shop again.
The other charity shops have done well in the difficult circumstances they have had to face. The various national and local government support schemes for shops have been a big help and our landlords have been generous in granting rent holidays and reductions when the shops were unable to trade. Lesley Kennedy, our retail development manager, also arranged for us to have use of a village hall as a storage and sorting place which was a tremendous help when we did reopen the shops with the inevitable flood of donations. We had hoped to commence trading on Ebay but have been frustrated by the process for setting up the necessary Paypal account. An alternative means of trading on-line is being pursued. Overall shop sales were less than 50% of the budgeted level.
Other Income and Expenditure
As mentioned above we have been able to obtain funds from national and local government such as the Furlough scheme and rate relief. The total benefit was about £160k. Donations were £60k relative to a £74k budget but our opportunities for receiving donations were much reduced. Rehoming income was also below budget, but this reflects the lower number of animals, especially dogs we took in to the centre. Legacies were £229k which is just £21k below budget and this was a good result given that solicitors and property sales were affected particularly during the first lockdown.
We were able to reduce our expenditure sufficiently to end the year £39k better than budget which was a tremendous achievement in particularly challenging circumstances.
Infrastructure
The IT upgrade project was installed during the year and whilst there have been teething problems, the benefits are starting to come through in a number of areas.
Other improvements in the centre were on hold until Covid restrictions eased later in the year. We have made a start on various improvements, notably the Vet room, and these will be finished in 2021. This helped reduce cashflow, but we would rather have the work done than the cash in the bank.
Page 4
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2020
Staff and Trustees
The new managers (Penny Lockwood, Branch Manager, and Lesley Kennedy, Retail Development Manager) barely had time to settle in before having to deal with Covid. The whole team have been fantastic throughout the year in coping with new rules and changes of rules. Those working in the centre have complied with some very difficult working practices, but the result has been a safe working environment for staff, and our animals have had all the care and attention they need and deserve. We started rehoming animals as soon as restrictions allowed using safe working practices. More recently we have been collecting animals from people's homes using similar procedures. Our aim has been to continue our mission whilst protecting staff and the public from infection. We have also added a specialist canine trainer to the team to assist with rehabilitation.
The Board has been stable throughout 2020. Meetings since March were virtual and whilst the technology has sometimes let us down, we have found ways of getting around these difficulties.
The Trustees now have dedicated RSPCA email accounts and an area of the 'cloud' for our information. We decided not to hold an AGM in 2020 which was an option that the Charity Commission permitted for last year on condition that we filed accounts on time.
We have given the staff some improvements to conditions of employment to bring them into line with other similar charities. We particularly wanted to reward loyalty.
Patrons
Before lockdown in March we had a phone call to enquire about adoption of a Westie that had been very poorly. The call was from Sir Tony and Lady Louise Robinson. After recovering from the surprise we went through the rehoming procedures and they travelled from London to collect Holly Berry just before lockdown. They have kept us informed with Holly Berry's progress and helped in other ways including talking about our Branch during appearances on local and national TV. In 2021 they agreed to become Patrons of the Branch which is fantastic news. We look forward to seeing them at the centre at some future date.
150 years anniversary
The Derby Branch was formed in 1872. We will be celebrating this milestone in a variety of ways in 2022.
Processes and Procedures
The Policy Sub-Committee has reviewed the current Trustee Handbook and the Board has agreed a number of minor changes that give us confidence that we have a comprehensive and current Handbook.
Animal Rehoming
The Covid situation has significantly affected the number and mix of animals coming into the centre. Our experience has been similar to other animal centres. However, we have rehomed many more small animals in 2020 than 2019. The overall result is that we rehomed 901 animals in 2020 compared with 977 in 2019. Given all the challenges the staff have had to deal with, this is a very impressive result. We are unsure of the causes of these changes and this makes it difficult to predict how rehoming numbers may change in 2021.
Other Animal Welfare Activities
In addition, the Branch actively promotes responsible pet ownership (RPO) through a variety of mechanisms, most particularly through neutering vouchers and low-cost microchipping. On occasions, we do offer welfare support by negotiating reduced cost treatments through our vets.
Public Awareness
We are using Social Media and the updated Website to feature rescued animals. This is proving very effective in gaining public interest and awareness as well as donations to help individual animals. We now have a regular Newsletter which keeps members informed. We will also encourage the shops to use Social Media and keep local supporters interested and informed. We believe there is more scope to enhance awareness of the Branch which we hope to develop during the second half of 2021.
Looking forward to 2021
At the end of the year we looked forward to achieving a great deal in 2021. We have a new management team with the enthusiasm and energy to develop the Branch, especially our income generation and public profile. We had money in the bank and more in the pipeline. Whilst this is a report on 2020, we are all aware that Coronavirus has totally changed the world, suffice it to say that as a Branch we were very fortunate to end 2020 with a healthy reserve, and whilst we face an uncertain future we are in a better position to weather the storm than many other Branches.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Branch is governed by the Branch Rules (effective 18 February 2009) of the National Society of the RSPCA.
Page 5
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
The charity is managed by a committee of local Trustees.
New Trustees are nominated by existing Trustees. The Trustees have the power to appoint additional Trustees as they consider fit to do so.
The number of Trustees should not be less than seven but shall be subject to a maximum of fourteen.
Organisational structure
The Branch consists of an Animal Care Centre at Abbey Street, Derby, and six Charity shops located in Alvaston, Chaddesden (Derby), Long Eaton (Nottinghamshire), Belper, Ripley and Ilkeston (Derbyshire).
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................
D Turner - Trustee
Page 6
Independent Examiner's Report to the Trustees of RSPCA Derby & District Branch
Independent examiner's report to the trustees of RSPCA Derby & District Branch
I report to the charity trustees on my examination of the accounts of RSPCA Derby & District Branch (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Reza Mohidin FCA ICAEW Bourne & Co. Chartered Accountants 3 Charnwood Street Derby Derbyshire DE1 2GY Date: .............................................
Page 7
RSPCA Derby & District Branch
Statement of Financial Activities for the Year Ended 31 December 2020
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Animal welfare centre Other trading activities 3 Investment income 4 Other income Total EXPENDITURE ON Raising funds Other trading activities 6 Charitable activities 7 Animal welfare centre Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 586,529 91,172 187,523 330 170 865,724 339,155 339,155 503,163 842,318 48,931 72,337 1,124,526 1,196,863 |
Restricted funds £ - - - - - - - - - - - - - - |
2020 Total funds £ 586,529 91,172 187,523 330 170 865,724 339,155 339,155 503,163 842,318 48,931 72,337 1,124,526 1,196,863 |
2019 Total funds £ 617,150 112,624 403,820 950 1,585 |
|---|---|---|---|---|
| 1,136,129 398,953 |
||||
| 398,953 522,855 |
||||
| 921,808 22,179 |
||||
| 236,500 888,026 |
||||
| 1,124,526 |
The notes form part of these financial statements
Page 8
RSPCA Derby & District Branch
Balance Sheet 31 December 2020
| Notes FIXED ASSETS Tangible assets 14 Investments 15 CURRENT ASSETS Stocks 16 Debtors 17 Cash at bank and in hand CREDITORS Amounts falling due within one year 18 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 20 Unrestricted funds TOTAL FUNDS |
Unrestricted funds £ 464,385 420,091 884,476 6,984 22,227 301,672 330,883 (18,496) 312,387 1,196,863 1,196,863 |
Restricted funds £ - - - - - - - - - - - |
2020 Total funds £ 464,385 420,091 884,476 6,984 22,227 301,672 330,883 (18,496) 312,387 1,196,863 1,196,863 1,196,863 1,196,863 |
2019 Total funds £ 483,170 212,186 695,356 15,729 28,262 421,741 465,732 (36,562) 429,170 1,124,526 1,124,526 1,124,526 1,124,526 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. D Turner - Trustee
............................................. J Morgan - Trustee
The notes form part of these financial statements
Page 9
RSPCA Derby & District Branch
Cash Flow Statement for the Year Ended 31 December 2020
| 2020 | 2019 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 72,645 | 280,148 |
| Interest paid | (10,619) | (12,842) | |
| Net cash provided by operating activities | 62,026 | 267,306 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (23,150) | (24,306) | |
| Purchase of fixed asset investments | (375,151) | (937) | |
| Sale of fixed asset investments | 216,177 | 71,783 | |
| Interest received | 29 | 13 | |
| Net cash (used in)/provided by investing activities | (182,095) | 46,553 | |
| Change in cash and cash equivalents in | |||
| the reporting period | (120,069) | 313,859 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 421,741 | 107,882 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 301,672 | 421,741 |
The notes form part of these financial statements
Page 10
RSPCA Derby & District Branch
Notes to the Cash Flow Statement for the Year Ended 31 December 2020
| 1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 £ Net income for the reporting period (as per the Statement of Financial Activities) 72,337 Adjustments for: Depreciation charges 41,935 Gain on investments (48,931) Interest received (29) Interest paid 10,619 Decrease in stocks 8,745 Decrease in debtors 6,035 (Decrease)/increase in creditors (18,066) Net cash provided by operations 72,645 |
2019 £ 236,500 41,059 (22,179) (13) 12,842 6,075 2,068 3,796 |
|---|---|
| 280,148 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.20 | Cash flow | At 31.12.20 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 421,741 | (120,069) | 301,672 |
| 421,741 | (120,069) | 301,672 | |
| Total | 421,741 | (120,069) | 301,672 |
The notes form part of these financial statements
Page 11
RSPCA Derby & District Branch
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exceptions of investments which are included at market value.
The financial statements are presented in Sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 40 years Improvements to property - 5% on cost Equipment - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - 25% on reducing balance
Stocks
All donated goods are allocated to the periods in which they are received. Stocks of donated goods are valued at nil cost.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Investments
Investments are included at closing market value at the balance sheet date. Any gain or loss on revaluation is taken to the Statement of Financial Activities.
Page 12
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies Grants Pet plan income Grants received, included in the above, are as follows: RSPCA grants Business Support Grants Furlough Other grants 3. OTHER TRADING ACTIVITIES Fundraising events Shop income Membership subscriptions Recycling income 4. INVESTMENT INCOME Dividends received Interest received 5. INCOME FROM CHARITABLE ACTIVITIES Activity Neutering Animal welfare centre Adoption Animal welfare centre Other animal treatments Animal welfare centre Chipping Animal welfare centre Advertising hoarding income Animal welfare centre Clinical waste Animal welfare centre |
2020 £ 65,266 30,021 229,247 243,827 18,168 586,529 2020 £ 25,173 134,336 79,318 5,000 243,827 2020 £ 2,757 178,710 1,118 4,938 187,523 2020 £ 301 29 330 2020 £ 3,478 83,326 1,015 1,591 1,500 262 91,172 |
2019 £ 71,885 20,157 481,788 26,739 16,581 |
|---|---|---|
| 617,150 | ||
| 2019 £ 26,739 - - - |
||
| 26,739 | ||
| 2019 £ 9,022 382,687 46 12,065 |
||
| 403,820 | ||
| 2019 £ 937 13 950 2019 £ 6,013 98,681 1,875 4,189 1,490 376 |
||
| 112,624 |
Page 13
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
6. OTHER TRADING ACTIVITIES
| Purchases Staff costs Shop rent Rates and water Insurance Light and heat Telephone Postage and stationery Equipment hire Repairs and renewals Sundries Professional fees Interest payable and similar charges |
2020 £ 24,565 188,580 75,358 7,242 1,271 7,765 3,003 340 1,565 9,864 4,098 7,943 7,561 339,155 |
2019 £ 56,296 172,500 97,378 16,990 2,185 13,243 3,137 383 1,716 15,979 6,570 3,815 8,761 |
|---|---|---|
| 398,953 |
7.
8.
CHARITABLE ACTIVITIES COSTS
| Support Direct costs (see Costs note 8) £ £ Animal welfare centre 448,951 54,212 SUPPORT COSTS Governance Management costs £ £ Animal welfare centre 52,462 1,750 |
Totals £ 503,163 |
|---|---|
| Totals £ 54,212 |
Included in Governance costs for 2020 are the fees of £1,750 in relation to the services provided by the Independent Examiner.
The audit fee for 2020 is included within Governance costs.
9. AUDITORS' REMUNERATION
| AUDITORS' REMUNERATION | |||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Fees payable to the charity's auditors for the audit of the charity's financial | |||
| statements | - | 3,400 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Page 14
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Charitable activities Generating funds Management and administrative No employees received emoluments in excess of £60,000. |
2020 £ 485,563 21,218 7,232 514,013 2020 23 8 5 36 |
2019 £ 466,606 21,232 6,264 |
||
|---|---|---|---|---|
| 494,102 | ||||
| 2019 25 8 5 38 |
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Animal welfare centre Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds Other trading activities Charitable activities Animal welfare centre Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 617,150 112,624 403,820 950 1,585 1,136,129 398,953 398,953 522,855 921,808 22,179 236,500 888,026 1,124,526 |
Restricted funds £ - - - - - - - - - - - - - - |
Total funds £ 617,150 112,624 403,820 950 1,585 |
|---|---|---|---|
| 1,136,129 398,953 |
|||
| 398,953 522,855 |
|||
| 921,808 22,179 |
|||
| 236,500 888,026 |
|||
| 1,124,526 |
Page 15
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
13. COVID-19
The COVID-19 pandemic developed rapidly throughout 2020 with the UK government and the devolved administrations of the United Kingdom introducing various measures that have affected economic activity. We have taken the necessary measures to monitor and mitigate the effects of COVID-19, such as health and safety measures for our staff and visitors.
To date, the impact on our business has been felt within the retail sector as shops were forced to close by the UK Government and this has impacted the revenue and the retained surplus for the year.
We will continue to follow government policies and guidelines and to continue operations in the best and safest way possible without endangering the health of our staff.
There has been no significant impact upon the company's liquidity or ability to continue as a going concern arising from the pandemic.
14. TANGIBLE FIXED ASSETS
| COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
Improvements Freehold to property property £ £ 229,150 494,577 - 10,128 229,150 504,705 163,540 117,719 5,729 25,236 169,269 142,955 59,881 361,750 65,610 376,858 Fixtures and Motor fittings vehicles £ £ 53,855 14,246 593 - 54,448 14,246 35,654 9,738 3,759 1,127 39,413 10,865 15,035 3,381 18,201 4,508 |
Equipment £ 65,603 12,429 78,032 47,610 6,084 53,694 24,338 17,993 Totals £ 857,431 23,150 880,581 374,261 41,935 416,196 464,385 483,170 |
|---|---|---|
Page 16
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
15. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 January 2020 | 212,186 |
| Additions | 375,151 |
| Disposals | (216,177) |
| Revaluations | 48,931 |
| At 31 December 2020 | 420,091 |
| NET BOOK VALUE | |
| At 31 December 2020 | 420,091 |
| At 31 December 2019 | 212,186 |
The analysis of the investments managed by the third party are shown below:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| UK equities | 169,702 | 20,456 |
| Foreign equities | 35,108 | 31,878 |
| Fixed interest | 204,357 | 55,802 |
| Private equity | - | 8,670 |
| Hedge funds | - | 86,198 |
| Property | - | 2,073 |
| Money market | 10,924 | 6,772 |
| Cash | - | 337 |
| 420,091 | 212,186 | |
The investments are held by Pershing Securities Limited who are regulated by the FCA. The funds are managed by Seven Investment Management LLP who are authorised and regulated by the FCA.
16. STOCKS
| 2020 £ Stocks 6,984 Stock recognised in cost of sales during the year as an expense was £33,410 (2019: £44,484). 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 £ Trade debtors 5,851 VAT 4,988 Prepayments 11,388 22,227 |
2019 £ 15,729 |
|---|---|
| 2019 £ 7,602 5,319 15,341 |
|
| 28,262 |
Page 17
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Pension creditor Accrued expenses |
2020 £ 14,033 (442) 1,458 3,447 18,496 |
2019 £ 19,353 5,821 1,463 9,925 |
|---|---|---|
| 36,562 |
19. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years |
2020 £ 85,316 107,650 - 192,966 |
2019 £ 89,261 192,728 981 |
|---|---|---|
| 282,970 |
20. MOVEMENT IN FUNDS
| Unrestricted funds General fund Community & Education Room Kennel Block B Refurbishments TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 865,724 TOTAL FUNDS 865,724 Comparatives for movement in funds Unrestricted funds General fund Community & Education Room Kennel Block B Refurbishments TOTAL FUNDS |
At 1.1.20 £ 944,526 80,000 100,000 1,124,526 1,124,526 Resources expended £ (842,318) (842,318) At 1.1.19 £ 708,026 80,000 100,000 888,026 888,026 |
Net movement in funds £ 72,337 - - 72,337 72,337 Gains and losses £ 48,931 48,931 Net movement in funds £ 236,500 - - 236,500 236,500 |
At 31.12.20 £ 1,016,863 80,000 100,000 |
|
|---|---|---|---|---|
| 1,196,863 | ||||
| 1,196,863 | ||||
| Movement in funds £ 72,337 72,337 At 31.12.19 £ 944,526 80,000 100,000 1,124,526 1,124,526 |
Page 18
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 1,136,129 1,136,129 |
Resources expended £ (921,808) (921,808) |
Gains and losses £ 22,179 22,179 |
Movement in funds £ 236,500 |
|---|---|---|---|---|
| 236,500 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Community & Education Room Kennel Block B Refurbishments TOTAL FUNDS |
At 1.1.19 £ 708,026 80,000 100,000 888,026 888,026 |
Net movement in funds £ 308,837 - - 308,837 308,837 |
At 31.12.20 £ 1,016,863 80,000 100,000 |
|---|---|---|---|
| 1,196,863 | |||
| 1,196,863 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 2,001,853 | (1,764,126) | 71,110 | 308,837 |
| TOTAL FUNDS | 2,001,853 | (1,764,126) | 71,110 | 308,837 |
All the funds except the general fund is represented by cash at bank.
The general fund is represented by the remaining assets and liabilities held by the charity.
All designated funds represent amounts allocated by the Trustees for various projects to be undertaken as part of the refurbishment of the branches premises.
The Lewis Prime Legacy Trust Funding was awarded to enable the Branch to move towards achieving a full animal centre licence by refurbishing some of our animal accommodations to meet the new licencing standards This objective was completed during the year.
Page 19
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued
for the Year Ended 31 December 2020
21. CAPITAL COMMITMENTS
| CAPITAL COMMITMENTS | ||||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Contracted but not provided for in the financial statements | - | - |
22. RELATED PARTY DISCLOSURES
The charity is affiliated to the RSPCA National Society.
At 31 December 2020, the amounts due from and to the RSPCA National Society in respect of income and purchases were £5,044 (2019 - £6,972) and £334 (2019 - £1,544) respectively.
23. ULTIMATE CONTROLLING PARTY
The trustees of the charity are the ultimate controlling party.
Page 20