REGISTERED CHARITY NUMBER: 222620
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
for RSPCA Derby & District Branch
Bourne & Co. Chartered Accountants 47a Queen Street Derby Derbyshire DE1 3DE
RSPCA Derby & District Branch
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | ||
| Cash Flow Statement | 9 | ||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 19 |
RSPCA Derby & District Branch
Reference and Administrative Details for the Year Ended 31 December 2023
TRUSTEES Mrs J Morgan Mrs D Turner Mr J Walsh Ms M McKenzie-Cooper Ms A Greenall (resigned 25.4.2023) Ms A Belso Ms M Harper Ms S Whetton Ms S Hinckley Ms J Measom- Stevenson Ms L Wilding PRINCIPAL ADDRESS 45 Abbey Street Derby DE22 3SJ REGISTERED CHARITY NUMBER 222620 INDEPENDENT EXAMINER Bourne & Co. Chartered Accountants 47a Queen Street Derby Derbyshire DE1 3DE
Page 1
RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. 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.
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RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2023
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.
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.
We 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 2023 the Animal Centre re-homed 102 dogs (2022 - 120), 231 cats (2022 - 249) and 161 other animals (2022 - 277) as well as providing support to the RSPCA Inspectorate.
Total incoming resources for the year amounted to £993,043 (2022 - £1,291,674) including legacies of £196,005 (2022 - £532,012).
Expenditure for the year equalled £980,351 (2022 - £956,202) and investment gains (unrealised) amounted to £91,850 (2022 - loss of £85,115) resulting in a net surplus for the year of £104,542 (2022 - £250,357).
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.We aim to hold minimum reserves of available cash amounting to nine months of our operating overheads. The level of such reserves are assessed each year based on our budgeted costs for the forthcoming year.
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. At 31 December 2023 our readily available reserves amounted to £1,160,224 which are represented by cash at bank and our investments.
Our total reserves amounted to £1,593,999, of which £7,564 are restricted and the remainder is unrestricted.
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RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2023
SUMMARY OF BRANCH ACTIVITIES IN 2023
Finances
The Branch had another very good year financially. Legacy income was £196k which was £46k over budget, and retail gross income was £467k which was £15k above budget. We also had a very generous donation of £16k from the Nottingham & Notts branch towards the cost of a 'summer house' which is installed in the dog exercise yard and provides an environment for dogs that is similar to a domestic setting where we can prepare them for their new home. Expenditure was also below budget despite the challenges of inflation. The Branch continues to focus on improving non-legacy income and reducing our dependence on legacies to cover operating costs. This has enabled the Branch to have the resources to invest in significant improvements in 2024.
Staff, Volunteers and Trustees
Amy Greenhall resigned as a trustee in April and we are very grateful for all she contributed to the Board. Otherwise the Board has been very stable throughout the year. Also the Branch Management team lead by Penny Lockwood has been stable. We are fortunate to have such a strong and settled team to lead the Branch.
Our longest serving Animal Care Assistant, Denise Williams has now been with us for 20 years.
Retail
2023 has been another successful year for our shops. Overall they have beaten the budget targets. We have had a frustrating year of negotiations to open a shop in Spondon though the lease was finally signed early in 2024 and the shop opened on the 22nd April. This will be a great addition to our retail business as it is ideally located and has adjacent parking. We are also negotiating to move our Belper shop to a better premises in the town.
There has been significant maintenance and electrical upgrading undertaken across all our shops. Screens have been installed in our shops and this helps us to engage with the shop customers and tell them more about what we do.
Animal Centre
We rehomed 494 animals in 2023, significantly less than in 2022 (654). The financial problems in the community have made it more difficult to find suitable adopters. We also take in more case animals now which is of great benefit to the National Society, however these animals are inevitably with us for many months.
We had a 5 yearly inspection of the centre in November and this went very well with no significant issues. Our small animal accommodation is not suitable and we plan to provide a dedicated small animal accommodation unit in 2024.
We had significant site maintenance issues in the year. Damp in the main building required major work and consequent cost and disruption. Also we will have to upgrade our electrical distribution on site to meet the latest regulations and some of this will take place in summer 2024 when heating can be turned off.
Education
The Branch has an objective to educate the public about care of animals. The Board and management team reviewed what we currently do to meet this objective. We have initiatives with some schools and we will continue to do this. We will also take any other opportunities that arise, but the Board decided that we did not have the resources to significantly increase our activities in this area and our resources should be focused on what we do well, ie rehoming animals, where there is a growing need. I do want to thank all the staff and volunteers who currently do work hard to educate the public. This is very valuable and worthwhile.
2024
We enter 2024 with strong finances, a strong and stable management team and Board, and a strategy for the future. As I write this I can announce that we have been successful in buying a dog exercise field at Darley Abbey, within walking distance of Abbey St. This will be a fantastic facility for the dogs in our care and for introducing adopters to the dogs in a more enjoyable environment. We anticipate building the new small animal accommodation this year, and we opened the Spondon shop on 22nd April. 2024 is shaping up to be a great year for the Branch.
Finally, on behalf of the Board but also, more importantly, on behalf of the many animals that we rehabilitate and rehome every year, I want to thank our staff, volunteers, adopters, members, donors and friends for your support. We like to keep you informed via the newsletter, website and social media of just a few of the stories of animals that come to us but every animal has its own story, most of them having a happy ending. We couldn't do this without your support.
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.
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RSPCA Derby & District Branch
Report of the Trustees for the Year Ended 31 December 2023
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).
Risk management
The trustees review the risks faced by the charity on a regular basis through regular meetings to consider strategic and operational issues. The trustees have identified the following potential risks to the charity:
-
loss of reputation through error or fraud
-
loss of income through error or fraud
-
insufficient funds to cover the costs of animal welfare activities
It is the opinion of the trustees that the Branch's policies, procedures and controls are adequate to mitigate financial and reputation loss through error or fraud and to maintain the future viability of the branch.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs D Turner - Trustee
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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 2023.
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 member of the Institute of Chartered Accountants in England and Wales, 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.
David Meadows FCA
Bourne & Co. Chartered Accountants 47a Queen Street Derby Derbyshire DE1 3DE Date: .............................................
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RSPCA Derby & District Branch
Statement of Financial Activities for the Year Ended 31 December 2023
| 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/(losses) on investments NET INCOME Transfers between funds 19 Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 352,640 116,541 496,255 1,569 1,943 968,948 410,675 410,675 559,832 970,507 91,850 90,291 16,500 106,791 1,479,644 1,586,435 |
Restricted funds £ 24,095 - - - - 24,095 - - 9,844 9,844 - 14,251 (16,500) (2,249) 9,813 7,564 |
2023 Total funds £ 376,735 116,541 496,255 1,569 1,943 993,043 410,675 410,675 569,676 980,351 91,850 104,542 - 104,542 1,489,457 1,593,999 |
2022 Total funds £ 728,104 109,760 453,130 439 241 1,291,674 369,991 369,991 586,211 956,202 (85,115) 250,357 - 250,357 1,239,100 1,489,457 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 7
RSPCA Derby & District Branch
Balance Sheet 31 December 2023
| Notes FIXED ASSETS Tangible assets 13 Investments 14 CURRENT ASSETS Stocks 15 Debtors 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 19 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 411,233 801,700 1,212,933 11,093 40,540 350,960 402,593 (29,091) 373,502 1,586,435 1,586,435 |
Restricted funds £ - - - - - 7,564 7,564 - 7,564 7,564 7,564 |
2023 Total funds £ 411,233 801,700 1,212,933 11,093 40,540 358,524 410,157 (29,091) 381,066 1,593,999 1,593,999 1,586,435 7,564 1,593,999 |
2022 Total funds £ 421,307 715,671 1,136,978 11,488 35,175 324,340 371,003 (18,524) 352,479 1,489,457 1,489,457 1,479,644 9,813 1,489,457 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mrs D Turner - Trustee
............................................. Mrs J Morgan - Trustee
The notes form part of these financial statements
Page 8
RSPCA Derby & District Branch
Cash Flow Statement for the Year Ended 31 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Cash flows from operating activities | |||
| Cash generated from operations | 1 | 62,376 | 379,693 |
| Net cash provided by operating activities | 62,376 | 379,693 | |
| Cash flows from investing activities | |||
| Purchase of tangible fixed assets | (35,582) | (10,863) | |
| Purchase of fixed asset investments | - | (346,651) | |
| Sale of tangible fixed assets | - | 373 | |
| Sale of fixed asset investments | 5,821 | 4,089 | |
| Interest received | 1,569 | 439 | |
| Net cash used in investing activities | (28,192) | (352,613) | |
| Change in cash and cash equivalents in | |||
| the reporting period | 34,184 | 27,080 | |
| Cash and cash equivalents at the | |||
| beginning of the reporting period | 324,340 | 297,260 | |
| Cash and cash equivalents at the end of | |||
| the reporting period | 358,524 | 324,340 |
The notes form part of these financial statements
Page 9
RSPCA Derby & District Branch
Notes to the Cash Flow Statement for the Year Ended 31 December 2023
| 1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING | ACTIVITIES | |
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of Financial | |||
| Activities) | 104,542 | 250,357 | |
| Adjustments for: | |||
| Depreciation charges | 45,657 | 42,273 | |
| (Gain)/losses on investments | (91,850) | 85,115 | |
| Interest received | (1,569) | (439) | |
| Decrease/(increase) in stocks | 395 | (2,192) | |
| (Increase)/decrease in debtors | (5,365) | 8,916 | |
| Increase/(decrease) in creditors | 10,566 | (4,337) | |
| Net cash provided by operations | 62,376 | 379,693 |
2. ANALYSIS OF CHANGES IN NET FUNDS
| At 1.1.23 | Cash flow | At 31.12.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 324,340 | 34,184 | 358,524 |
| 324,340 | 34,184 | 358,524 | |
| Total | 324,340 | 34,184 | 358,524 |
The notes form part of these financial statements
Page 10
RSPCA Derby & District Branch
Notes to the Financial Statements for the Year Ended 31 December 2023
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.
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RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Gift aid Legacies Grants Pet plan income |
2023 £ 99,405 36,073 196,005 25,294 19,958 376,735 |
2022 £ 69,605 28,149 532,012 78,415 19,923 |
| 728,104 |
Income from donations included £24,095 (2022: £10,696) attributable to restricted funds. All other income was unrestricted.
Grants received, included in the above, are as follows:
| RSPCA grants Kick start 3. OTHER TRADING ACTIVITIES Fundraising events Shop income Membership subscriptions Recycling income |
2023 £ 25,294 - 25,294 2023 £ 19,554 467,480 496 8,725 496,255 |
2022 £ 23,218 55,197 78,415 2022 £ 9,462 434,137 681 8,850 |
2022 £ 23,218 55,197 |
|---|---|---|---|
| 78,415 | |||
| 453,130 |
All income in the year to 31st December 2023 was unrestricted. Fundraising events in 2022 included £910 of restricted income.
4. INVESTMENT INCOME
| 4. INVESTMENT INCOME |
||
|---|---|---|
| Interest received 5. INCOME FROM CHARITABLE ACTIVITIES Activity 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 |
2023 £ 1,569 2023 £ 113,093 2,203 107 1,000 138 116,541 |
2022 £ 439 2022 £ 104,137 3,457 1,159 750 257 |
| 109,760 |
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RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
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 Bank charges |
2023 £ 21,284 230,457 80,931 9,542 2,008 20,482 4,510 1,044 1,405 8,147 9,403 10,743 10,719 410,675 |
2022 £ 21,410 207,621 80,100 10,275 2,179 11,596 3,657 475 1,240 10,949 3,813 8,138 8,538 |
|---|---|---|
| 369,991 |
7.
CHARITABLE ACTIVITIES COSTS
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Support | |||
| Direct | costs (see | ||
| Costs | note 8) | Totals | |
| £ | £ | £ | |
| Animal welfare centre | 506,723 | 62,953 | 569,676 |
£9,844 (2022:£1,792) of the above costs were attributable to restricted funds. £559,832 (2022:£584,419) of the above costs were attributable to unrestricted funds.
8. SUPPORT COSTS
| Governance | |||
|---|---|---|---|
| Management | costs | Totals | |
| £ | £ | £ | |
| Animal welfare centre | 57,087 | 5,866 | 62,953 |
Included in Governance costs for 2023 is the fee of £3,000 in relation to the services provided by the Independent Examiner.(2022:the Audit fee of £3,000 was included within Governance costs).
9.
INDEPENDENT EXAMINER'S / AUDITORS' REMUNERATION
| INDEPENDENT EXAMINER'S / AUDITORS' REMUNERATION | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Fees payable to the charity's auditors for the audit of the charity's financial | ||
| statements | 3,000 | 3,000 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.
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RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2023 £ 544,803 29,735 9,446 583,984 |
2022 £ 549,773 26,605 8,349 |
|---|---|---|
| 584,727 |
The average monthly number of employees during the year was as follows:
| Charitable activities Generating funds Management and administrative |
2023 16 14 5 35 |
2022 22 14 5 |
|---|---|---|
| 41 |
No employees received emoluments in excess of £60,000.
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/(losses) on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 717,408 109,760 452,220 439 241 1,280,068 369,990 369,990 584,419 954,409 (85,115) 240,544 1,239,100 1,479,644 |
Restricted funds £ 10,696 - 910 - - 11,606 1 1 1,792 1,793 - 9,813 - 9,813 |
Total funds £ 728,104 109,760 453,130 439 241 1,291,674 369,991 369,991 586,211 956,202 (85,115) 250,357 1,239,100 1,489,457 |
|---|---|---|---|
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RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
13. TANGIBLE FIXED ASSETS
| COST At 1 January 2023 Additions At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 COST At 1 January 2023 Additions At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2023 Disposals Revaluations At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 |
Improvements Freehold to property property Equipment £ £ £ 229,150 526,234 95,913 - 10,073 10,068 229,150 536,307 105,981 180,726 195,225 67,862 5,729 26,578 7,992 186,455 221,803 75,854 42,695 314,504 30,127 48,424 331,009 28,051 Fixtures and Motor fittings vehicles Totals £ £ £ 58,039 14,246 923,582 15,441 - 35,582 73,480 14,246 959,164 46,118 12,344 502,275 4,881 476 45,656 50,999 12,820 547,931 22,481 1,426 411,233 11,921 1,902 421,307 Listed investments £ 715,671 (5,821) 91,850 801,700 801,700 715,671 |
|---|---|
The analysis of the investments managed by the third party are shown below:
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RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
14. FIXED ASSET INVESTMENTS - continued
| 2022 | 2022 | |
|---|---|---|
| £ | £ | |
| UK equities | 172,824 | 105,431 |
| Foreign equities | 229,855 | 250,437 |
| Fixed interest | 396,416 | 353,913 |
| Private equity | 370 | 296 |
| Money market | 2,235 | 5,594 |
| 801,700 | 715,671 | |
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.
Cost or valuation at 31 December 2023 is represented by:
15.
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in 2023 | 801,700 | |
| STOCKS | ||
| 2023 | 2022 | |
| £ | £ | |
| Stocks | 11,093 | 11,488 |
| Stock recognised in cost of sales during the year as an expense was £21,680 (2022: £19,214). |
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors VAT Prepayments and accrued income 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Pension creditor Accrued expenses |
2023 £ 8,646 6,930 24,964 40,540 2023 £ 9,818 7,750 1,913 9,610 29,091 |
2022 £ 9,146 4,107 21,922 |
|---|---|---|
| 35,175 | ||
| 2022 £ 1,840 6,414 1,580 8,690 |
||
| 18,524 |
Page 16
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
18. 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 |
2023 £ 82,600 223,407 77,437 383,444 |
2022 £ 38,270 8,831 - |
|---|---|---|
| 47,101 |
19. MOVEMENT IN FUNDS
| At 1.1.23 £ Unrestricted funds General fund 1,479,644 Restricted funds 150 Heroes Fundraiser 9,813 Summer House - 9,813 TOTAL FUNDS 1,489,457 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 968,948 Restricted funds Animal Appeals 7,595 150 Heroes Fundraiser - Summer House 16,500 24,095 TOTAL FUNDS 993,043 Comparatives for movement in funds Unrestricted funds General fund Restricted funds 150 Heroes Fundraiser TOTAL FUNDS |
|
|---|---|
Page 17
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
19. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Animal Appeals 150 Heroes Fundraiser TOTAL FUNDS |
Incoming resources £ 1,280,068 1,793 9,813 11,606 1,291,674 |
Resources expended £ (954,409) (1,793) - (1,793) (956,202) |
Gains and losses £ (85,115) - - - (85,115) |
Movement in funds £ 240,544 - 9,813 |
|---|---|---|---|---|
| 9,813 | ||||
| 250,357 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds 150 Heroes Fundraiser Summer House TOTAL FUNDS |
At 1.1.22 £ 1,239,100 - - - 1,239,100 |
Net movement in funds £ 330,835 7,564 16,500 24,064 354,899 |
Transfers between funds £ 16,500 - (16,500) (16,500) - |
At 31.12.23 £ 1,586,435 7,564 - |
|---|---|---|---|---|
| 7,564 | ||||
| 1,593,999 |
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 | 2,249,016 | (1,924,916) | 6,735 | 330,835 |
| Restricted funds | ||||
| Animal Appeals | 9,388 | (9,388) | - | - |
| 150 Heroes Fundraiser | 9,813 | (2,249) | - | 7,564 |
| Summer House | 16,500 | - | - | 16,500 |
| 35,701 | (11,637) | - | 24,064 | |
| TOTAL FUNDS | 2,284,717 | (1,936,553) | 6,735 | 354,899 |
Page 18
continued...
RSPCA Derby & District Branch
Notes to the Financial Statements - continued for the Year Ended 31 December 2023
20. RELATED PARTY DISCLOSURES
The charity is affiliated to the RSPCA National Society.
At 31 December 2023, the amounts due from and to the RSPCA National Society in respect of income and purchases were £8,646 (2022 - £7,873) and £1,537 (2022 - £397) respectively.
21. FUNDS
Restricted funds
The purpose of the restricted funds are as follows:
Animal Appeals-supporters are asked to fund specific treatments for animals in care.
150 Heroes Fundraiser: - Fundraising to raise money for specific purchases to enhance the environment for the animals at HQ.
Summer House- A donation was made to fund a Summer House to assist animals in the transition from the Centre to a domestic setting.
Page 19
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