**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. Page 2 **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. Page 3 **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. Page 4 **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 Page 5 ## **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: 1. 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 3. 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: ............................................. Page 6 ## **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. Page 11 continued... **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| Page 12 continued... **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. Page 13 continued... **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| |---|---|---|---| Page 14 continued... ## **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: Page 15 continued... **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 ## **Virtual Cabinet Portal Digital Signatures** ## **Digital Signature Verification** You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page: https://www.virtualcabinetportal.com/VerifySignedDocument ## **Signature Dates and Times** All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page: http://www.virtualcabinetportal.com/WhatIsUTC ## **Signature 1** Signed by Dianne Turner using authentication code MlhpUTBTUC9sM1Ak at IP address 109.156.224.106, on 2024/05/20 15:35:39 Z. Dianne Turner's e-mail address is: Dianne.turner@rspcaderby.org.uk. ## **Signature 2** Signed by Janet Morgan using authentication code dlF2Lz5oWEtSLmEm at IP address 92.16.45.135, on 2024/05/21 17:45:07 Z. Janet Morgan's e-mail address is: Janet.Morgan@rspcaderby.org.uk.