**REGISTERED CHARITY NUMBER: 222621**
**REPORT OF THE TRUSTEES AND**
**AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
**FOR**
**THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
||**Page**|
|---|---|
|**Chairman's Report**|1|
|**Report of the Trustees**|2 to 6|
|**Trustees' Responsibility Statement**|7|
|**Report of the Independent Auditors**|8 to 10|
|**Statement of Financial Activities**|11|
|**Balance Sheet**|12|
|**Cash Flow Statement**|13|
|**Notes to the Cash Flow Statement**|14|
|**Notes to the Financial Statements**|15 to 26|
|**Detailed Statement of Financial Activities**|27 to 29|
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Chairman's Summary of the year**
Woodside continues to grow and develop, and our Veterinary Facility continues to be a jewel in our crown, offering veterinary care for our animals and also providing vital training for university students. We continue to focus on how we can integrate the Peterborough branch area to become the best possible advocates and supporters for animal welfare across our, now wide, remit. We continue to be incredibly excited by the opportunities that are developing at Woodside, but it is important to acknowledge the excellent work that continues to be undertaken within all of our current remits! We also appointed our first Chief Executive Officer, Emma Peake, in this year and we are delighted to already be benefitting from her experience leading a larger charity as Deputy, and then interim CEO. This appointment will be crucial as the Branch continues to develop.
Whilst feeling the pinch of the financial crisis ourselves, we have further supported those members of the public for whom the cost of living has become a real issue impacting on their ability to care for their pets. All of our teams have continued to work to the absolute best of their abilities to mitigate against all of these issues with the ultimate goal of ensuring that outstanding animal care and welfare continues to be at the forefront of everything that we do.
We have again been incredibly well supported by our members and volunteers to raise money for the centre and it is always important to acknowledge the generous legacies left to us by Woodside's most dedicated supporters who bequeath their estates to us as they continue to be a huge source of income. We continue to support the National Inspectorate in taking on a large number of case animals and have further strengthened our support for them by renting office space to the inspectors and also working to support a new phone centre scheme aimed to increase the amount of time inspectors can spend in the field.
We have, as always, operated a full calendar of events, well supported by our keen and dedicated volunteers, and it has been excellent to see so much support for Woodside, both at the Centre and across the Branch area. We have worked with exciting partner organisations continuing to cultivate strong community links including continued support from providers such as Amazon.
As a Board of Trustees, we continue to thank all of the staff; volunteers and supporters who allow Woodside to be an outstanding animal centre. Without this support it would be impossible to do all of the excellent work that Woodside does for our community in this ever increasingly challenging and heart-wrenching, but fundamentally, rewarding sector.
We hope that you will find pleasure in reading through some of our successes this year in this report and look forward to your continued support of Woodside for years to come.
## _Connor Acton_
Page 1
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND 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 RSPCA Leicestershire, Peterborough and Rutland Branch is a separately registered charity of the Royal Society for the Prevention of Cruelty to Animals (RSPCA) and is governed by the RSPCA Acts, RSPCA Rules and RSPCA Branch Rules. Its Trustee Board is established as an incorporated trustee body, and oversees the strategic management of the Branch, with day-to-day operational management of the Branch being delegated to the Chief Executive Officer.
The Branch owns and runs the animal centre named Woodside Animal Centre and carries out its direct animal welfare work within the area of Leicestershire, Peterborough and Rutland.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and Aims**
The Charity's objectives follow those of the National RSPCA. We aim to prevent cruelty, promote kindness and alleviate the suffering of animals particularly within the Branch area. As a Branch, we work in accordance with the policies of the National RSPCA.
The RSPCA Leicestershire, Peterborough and Rutland Branch aims to achieve this by rehoming animals which are brought into our care. These animals are often abandoned or have been mistreated and often have required the support of the RSPCA Inspectorate. All animals received into the care of the Branch receive veterinary treatment, vaccination, neutering, microchipping, flea treatment and worming treatment and are assessed for rehoming. The Branch offers advice to the public in matters concerning animal welfare, rehoming and adoption. Our on-site events help to promote the message regarding responsible pet ownership and these are well received by the public who attend.
## **Public benefit**
The trustees have reviewed the general guidance provided by the Charity Commission with regard to a statement of public benefit. The trustees have ensured that the Charity remains focussed on our charitable aims and continue to deliver benefits to the public.
The Charity aims to achieve these objectives by promoting the work and objects of the National RSPCA. It aims to provide support locally to those people whose animals are in need, promoting good levels of care and welfare of animals and rehoming abandoned animals and mistreated pets. The welfare work undertaken by the Branch, although local in nature, benefits society at large and also aims to help people in need with the care of their animals. All of our charitable activities focus on promoting kindness and preventing or suppressing cruelty and are undertaken to further our purposes for the public benefit.
We offer advice through multiple digital channels and face-to-face to members of the public. In addition, we have free leaflets giving advice to the public on a range of animal welfare issues. These are available through our on-site reception and at our charity shops across the area. The public benefits through the promotion of responsible pet ownership.
Within the terms of our governing document, we support the Inspectorate, the National Society and other RSPCA Branches. We also have good working relationships with a number of the local animal welfare charities and have been able to extend our support through veterinary care to some of their animals.
Page 2
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **OBJECTIVES AND ACTIVITIES**
## **Volunteers**
We provide a range of volunteering opportunities for members of the public. Such volunteering roles, including fostering, dog walking, assisting in the cattery, in reception, in administrative roles, at our charity shops and with fundraising, all give a broad perspective of the work we do and gives volunteers a chance to participate in responsible pet ownership and positive animal welfare. The contact we have with individuals and the growing number of companies who also support us ensures that a wide group of local members of the public enjoy working with us in a compassionate and rewarding way. We ensure, through our policies, that no individual will be excluded from volunteering on the grounds of gender, marital or family status, religious belief or political opinion, disability, race or ethnic origin, nationality, sexual orientation or age, or any other criteria which could be deemed to be discriminatory or divisive.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
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. Whilst the public benefit is clear, it is sometimes difficult to quantify other than by providing an understanding of the activities undertaken by the Branch, which include:
- The prevention or suppression of cruelty to animals through providing support for local RSPCA Inspectors by taking in, free of charge, mistreated or abandoned animals - including pets whose owners suffer ill health, or financial difficulties, or pass away.
- Providing subsidised veterinary treatment for animals which are sick or injured and belong to local people on low incomes.
- Providing subsidised neutering and micro-chipping of companion animals for those in the Branch area on low incomes, which helps to control dog and cat populations and promotes responsible pet ownership.
- Animals in our care receive veterinary treatment, vaccination, neutering and micro-chipping and are assessed for rehoming, which helps to control the incidence and spread of disease and suffering.
- We rehome animals in need at low cost.
- We take in lost animals and take steps to reunite them with their owners.
- We respond to enquiries and provide free animal advice over the telephone, and face to face with members of the public.
- We deliver educational talks to schools and social groups; supported with free literature and leaflets providing advice on animal care.
- Within the terms of our governing document we support the National Society and other RSPCA Branches.
- The Branch is supported by a large contingent of volunteers, with opportunities which include fostering; dog walking; assisting in the animal centre; assisting in our charity shops; and fundraising. Their tireless assistance is essential to the running of the Charity.
The summary of Achievements and Performance is included in the Chairman's Report.
Page 3
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FINANCIAL REVIEW**
## **Financial position**
The principal funding sources of income to the Branch itself were:
||£|
|---|---|
|Legacies|210,803|
|Donations|140,590|
|Grants|18,000|
|Subscriptions, collections and appeals|173,042|
|Shop sales|873,386|
|Other income|345,421|
|Total|1,761,242|
|And the income has been applied as follows:||
|Animal Centre costs|1,109,326|
|Costs of generating funds|576,506|
|Governance costs|14,302|
|Total|1,700,134|
|Which has resulted in net incoming resources for the Branch for the year of|61,108|
Whilst the Management Committee are pleased with the results for the year they are aware that this has only been achieved as a result of the significant legacy income and whilst they are most grateful for this generosity, they recognise that by its very nature, this is an inherently unreliable source of income for the Branch.
## **Investment policy and objectives**
The Management Committee, having regard to the liquidity requirements of the Branch, have kept significant funds available in a variety of bank facilities so as to provide for ease of access. Longer term funds are held by the Branch as stock market investments that are managed by professional investment managers under the policy set down by the Branch by which no investments can be made in companies who are involved in animal testing or other activities that may place the welfare of animal at risk. As a result of this policy, investment income may not reflect a purely commercial rate of return. In the view of the Management Committee, this is acceptable in order to advance the objectives of the Branch.
## **Risk Management and Reserves policy**
The major risk to the Branch is that its annual income falls below annual expenditure and this risk is monitored by the trustees at their monthly meetings. Because of the significance of this risk, the Management Committee have forecast the level of free reserves (that is those funds not tied up in fixed assets and restricted funds) the Branch will require in order to maintain its operations. A significant proportion of the Branch's income derives from donations and legacies, the levels of which cannot be guaranteed or anticipated and accordingly, the Management Committee considers it prudent to maintain liquid or similar reserves equivalent to 9 months' expenditure as set out in the Statement of Financial Activities. Actual free reserves are calculated to exclude fixed assets and restricted reserves, but include investments.
|Target free reserves
Actual free reserves
Shortfall against target|£
1,275,100
1,178,565
(96,535)|
|---|---|
At 31 December 2023 the restricted fund balances were £1,730,432 and the total funds were £5,299,463.
Page 4
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023**
## **FUTURE PLANS**
Woodside continues to grow and develop and our Veterinary Facility continues to impact the services we can offer within our region. We aim to increase our charity shop portfolio this year in both Peterborough and Leicestershire and hope to utilise some innovative designs!
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governance and administration**
The Management Committee are the Branch Trustees and in 2023 met on a monthly basis to oversee the activities of the Branch; to deal with any significant issues that have arisen; to set policy; and to review the financial position. A current subcommittee exists to deal with financial management, and in 2024 following endorsement by the Board to set up a Trading Company, a separate committee will be established taking into account the requirement for this to be independent. All decisions of the subcommittees are subject to ratifications of the full Management Committee.
Following appointment of a CEO in August 2023, a revised schedule of meetings has been set up that will reduce the number of Management Committee meetings to six per year, with subcommittees meeting quarterly. The agenda of meetings has also been revised to focus on more strategic and governance issues around a programme of change for the organisation. It is felt that this is a more sustainable model, and one that will also encourage the recruitment and retention of trustees.
The Management Committee are all subject to election each year at the Branch's Annual General Meeting. The Branch operates within a national network of separately registered charitable organisations (branches) that pursue the same objectives and which are known collectively as the Royal Society for the Prevention of Cruelty to Animals. Each Branch operates within a defined geographical area for the purposes of fundraising and the provision of animal care facilities and treatments. A regional structure also exists that is overseen on a national basis. This structure provides a team of specialist Inspectors and co-ordinates the policies and objectives of the branches. Representatives of the branches, regional and national organisations meet on an annual basis as a forum to consider all issues affecting animal welfare; and to develop policies for the future pursuit of their common aims.
## **Recruitment and appointment of new trustees**
All members are encouraged to invite nominations as trustees prior to each Annual General Meeting - advising them of retiring trustees and requesting nominations. When considering co-opting trustees, the Management Committee has regard to the requirement for any specialist skills needed, and skills audits are undertaken to identify particular gaps in the skills base.
## **Induction and training of new trustees**
New trustees will undergo a period of orientation to brief them on their legal obligations under charity, trust and (if necessary) company law; the Charity Guidance on public benefit; and inform them of the content of the Branch governing documentation; the operation of the Management Committee and decision-making processes; the business plan and recent financial performance. They will meet key employees and other trustees - and are encouraged to attend appropriate internal and external training events that will facilitate their understanding of their role.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
222621
## **Principal address**
Woodside Animal Centre 190 Scudamore Road Leicester LE3 1UQ
Page 5
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **REPORT OF THE TRUSTEES**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
**President** Ms E Allison
## **Trustees**
Mr C Acton Honorary Chair Mr S Kinchington Honorary Treasurer Mr D Morrish Committee Member Ms S Jones Committee Member (resigned 10.4.23) Ms P Clark Committee Member Mr S Sellars Committee Member Ms C Page (appointed 10.1.23)
## **Auditors**
TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
## **Solicitors**
Messrs Bray & Bray 36-42 Humberstone Road Leicester LE5 0AE
## **Bankers**
Lloyds Bank plc, 7 High Street, Leicester, LE1 9FS
CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ Approved by order of the board of trustees on 2 May 2024 and signed on its behalf by:
........................................................................... Mr C Acton - Trustee
Page 6
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **TRUSTEES' RESPONSIBILITY STATEMENT**
## **FOR THE YEAR ENDED 31 DECEMBER 2023**
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the "The Act" requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the "The Act". They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 7
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **Opinion**
We have audited the financial statements of The Royal Society for the Prevention of Cruelty to Animals : Leicestershire, Peterborough & Rutland Branch (the 'charity') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
- In our opinion the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
- the information given in the Report of the trustees is inconsistent in any material respect with the financial statements; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
Page 8
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **Responsibilities of trustees**
As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant frameworks which are directly relevant so specific assertions in the financial statements are those that relate to the reporting framework (UK GAAP and the Companies Act 2006) and the relevant tax compliance regulations in the UK.
We understood how the charity is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through review of board minutes and discussions with those charged with governance.
We assess the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur, by discussion with management from various parts of the business to understand where they considered there was a susceptibility to fraud. We considered the procedures and controls that the charity has established to prevent and detect fraud, and how these are monitored by management, and also any enhanced risk factors such as performance targets.
Based on our understanding, we designed our audit procedures to identify any non-compliance with laws and regulations identified in the paragraphs above.
We also performed audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 9
## **REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **Use of our report**
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
TC Group 31 High View Close Hamilton Office Park Leicester Leicestershire LE4 9LJ
Date: 24 June 2024
Page 10
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Operation of animal centre
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
6
**Charitable activities**
7
Animal centre costs
Governance costs
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
21
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
737,016
227,290
647,636
39,674
1,651,616
487,258
1,006,012
14,302
1,507,572
55,211
199,255
(23,298)
175,957
3,393,074
3,569,031|Restricted
funds
£
31,169
78,457
-
-
109,626
89,248
103,314
-
192,562
-
(82,936)
23,298
(59,638)
1,790,070
1,730,432|2023
Total
funds
£
768,185
305,747
647,636
39,674
1,761,242
576,506
1,109,326
14,302
1,700,134
55,211
116,319
-
116,319
5,183,144
5,299,463|2022
Total
funds
£
1,095,224
195,690
518,583
32,523
1,842,020
438,786
1,036,711
70,918
1,546,415
(115,522)
180,083
-
180,083
5,003,061
5,183,144|
|---|---|---|---|---|
The notes form part of these financial statements
Page 11
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **BALANCE SHEET 31 DECEMBER 2023**
|Notes
**FIXED ASSETS**
Tangible assets
14
Investments
15
**CURRENT ASSETS**
Stocks
16
Debtors
17
Cash at bank
**CREDITORS**
Amounts falling due within one year
18
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
21
Unrestricted funds
Restricted funds:
Woodside Veterinary Centre - Running Costs
Woodside Veterinary Centre
**TOTAL FUNDS**|2023
£
2,390,465
940,764
3,331,229
38,200
1,177,265
851,924
2,067,389
(99,155)
1,968,234
5,299,463
5,299,463
3,569,031
740,708
989,724
1,730,432
5,299,463|2022
£
2,465,049
878,058
3,343,107
38,917
1,098,336
772,333
1,909,586
(69,549)
1,840,037
5,183,144
5,183,144
3,393,074
812,665
977,405
1,790,070
5,183,144|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2024 and were signed on its behalf by:
............................................. Mr C Acton - Trustee
............................................. Mr S Kinchington - Trustee
The notes form part of these financial statements
Page 12
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
Net cash used in investing activities
**Cash flows from financing activities**
Unrealised loss on investing activities
Net cash (used in)/provided by financing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|2023
£
124,520
124,520
(39,104)
(246,230)
5,250
238,735
4,469
25,169
(11,711)
(33,218)
(33,218)
79,591
772,333
851,924|2022
£
(310,846)
(310,846)
(220,892)
(165,484)
-
154,749
278
24,690
(206,659)
149,027
149,027
(368,478)
1,140,811
772,333|
|---|---|---|
The notes form part of these financial statements
Page 13
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND 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**
|**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Gain on investments
Profit on disposal of fixed assets
Interest received
Dividends received
Decrease/(increase) in stocks
Increase in debtors
Increase in creditors
**Net cash provided by/(used in) operations**|2023
£
116,319
112,939
(21,993)
(4,501)
(4,469)
(25,169)
717
(78,929)
29,606
124,520|2022
£
180,083
87,383
(33,505)
-
(278)
(24,690)
(4,466)
(518,908)
3,535
(310,846)|
|---|---|---|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
||At 1.1.23|Cash flow|At 31.12.23|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank|772,333|79,591|851,924|
||772,333|79,591|851,924|
|**Total**|772,333|79,591|851,924|
The notes form part of these financial statements
Page 14
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND 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 (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **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.
## **Legacies**
Income from legacies is accounted for only when the following conditions have been met: - The Branch has been formally notified (prior to the balance sheet date) that an amount is due; and
- There must also be a reasonable certainty that the amount will be received; and
- The amount must be capable of being reasonably quantified prior to finalisation of the audit.
## **Gifts in Kind and Intangible Income**
Assets donated to the Branch for its own use are recognised as incoming resources when receivable and are recorded at estimated market value at the time of receipt. Donations of animal food are included in the Statement of Financial Activities based on an estimate of the annual consumption requirements of the Branch.
In respect of goods donated for sale through the Charity shops, income is recorded only at the time when the goods are sold.
The Branch receives significant amounts of assistance in the form of auxiliary and volunteer help. It is not possible to value in monetary terms the extent of this assistance and accordingly, the intangible income is not included in the Statement of Financial Activities.
## **Grants**
All grants receivable are included in the Statement of Financial Activities, irrespective of whether they relate to the acquisition of fixed assets, or contribute to the operating costs of the Branch.The Branch pays an annual grant to the Regional Office of the RSPCA in order to assist with the promotion of the objectives of the Branch over an extended geographical area.
## **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.
## **Allocation and apportionment of costs**
Costs (including irrecoverable VAT input tax) are allocated between the relevant activities categories as follows:
- Raising funds includes all costs directly related to the operation of the Branch's charity shops and all other fundraising activities.
- Animal centre costs include all expenditure directly related to the operation of the Woodside Animal Centre.
continued...
Page 15
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Allocation and apportionment of costs**
- Governance costs include all expenditure related to the general running of the Branch that are not directly related to either fundraising, or the running of the animal centre.
## **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 - 10% on cost and 2% on cost Fixtures and fittings - 20% on cost and 10% on cost Motor vehicles - 25% on cost Computer equipment - 20% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **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.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **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 in the financial statements at the lower of market value at the balance sheet date and net realisable value - where this represents a permanent diminution in value. Gains and losses on disposal and revaluation of investments at the balance sheet date are charged or credited to the Statement of Financial Activities.
The Branch's main investments take the form of stocks and shares listed on a recognised stock exchange and are therefore subject to potentially significant and unpredictable fluctuations in value.
continued...
Page 16
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **2. DONATIONS AND LEGACIES**
|Donations
Legacies
Grants
Subscriptions, collections and appeals|2023
£
366,340
210,803
18,000
173,042
768,185|2022
£
41,073
937,352
4,368
112,431
1,095,224|
|---|---|---|
Legacies income includes legacies notified to the Branch during the year, but receivable after the balance sheet date. These have been included as income for the year in order to comply with the requirements of Charity SORP (FRS 102). The Management Committee would wish to emphasise that whilst the legacies comprise a major element of the Branch's revenue, they are inherently unpredictable as to both the extent and timing of receipt.
Subscriptions, donations and collections include £10,000 (2022: £25,000) in respect of donated animal food, which has been estimated from the annual consumption requirements of the Branch.
Grants received, included in the above, are as follows:
|Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Shop income
Woodside shop sales
**4.**
**INVESTMENT INCOME**
Rents received
Dividends received
Deposit account interest||
|---|---|
|||
Included in investment income above are rents receivable from related parties amounting to £10,036 (2022: £7,555).
continued...
Page 17
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **5. INCOME FROM CHARITABLE ACTIVITIES**
|**INCOME FROM CHARITABLE ACTIVITIES**|||
|---|---|---|
|Activity
Animal sales and claims
Operation of animal centre
Boarding fees and sundries Operation of animal centre
Pet insurance commission
Operation of animal centre
Sale of drugs and
medicines
Operation of animal centre|2023
£
94,163
109,570
23,507
78,507
305,747|2022
£
70,546
70,286
23,521
31,337|
|||195,690|
Included in boarding fees above are fees receivable from related parties amounting to £103,592 (2022: £61,916).
Included in drugs and medicines above are fees receivable from related parties amounting to £41,174 (2022: £31,087).
Included in fundraising above are fees receivable from related parties amounting to £1,384 (2022: £1,047).
## **6. RAISING FUNDS**
## **Raising donations and legacies**
|Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Purchase of goods for resale
Fundraising events
Shops' travelling expenses
Shop rents
Shops' bank charges
Shops' cleaning costs
Fundraising costs
Depreciation|2023
£
305,521
7,764
2,859
11,878
4,674
2,880
14,677
120,040
17,618
4,055
63,103
8,074
9,553
11
3,799
576,506|2022
£
212,792
2,584
1,971
12,161
2,894
2,666
10,099
118,372
13,603
2,891
43,790
5,403
7,696
11
1,853|
|---|---|---|
|||438,786|
continued...
Page 18
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **7. CHARITABLE ACTIVITIES COSTS**
|**CHARITABLE ACTIVITIES COSTS**||||
|---|---|---|---|
|Animal centre costs
Governance costs|Direct
Costs (see
note 8)
£
1,017,235
-
1,017,235|Support
costs (see
note 9)
£
92,091
14,302
106,393|Totals
£
1,109,326
14,302|
||||1,123,628|
## **8. DIRECT COSTS OF CHARITABLE ACTIVITIES**
|Staff costs
Rates and water
Insurance
Light and heat
Telephone
Advertising and public relations
Sundries
Staff training
Staff uniforms
Motor and travel
Drugs, medicines and consumables
Veterinary fees
Animal food
National neutering scheme expenses
Repairs and maintenance
Cleaning expenses
Printing and stationery
Bank charges
Canteen
Computer support and Web development costs
Security costs
External boarding costs
Recruitment costs
Dog grooming expenditure
Depreciation
Loss on sale of assets|2023
£
541,814
2,236
6,906
41,422
9,140
7,216
14,373
16,798
2,249
15,929
65,730
19,287
19,687
282
54,498
41,168
8,857
3,646
3,080
31,788
3,070
3,134
-
286
109,140
(4,501)
1,017,235|2022
£
529,053
8,562
7,491
31,613
10,855
5,327
26,005
654
4,317
17,169
46,242
92,099
34,890
7,988
54,134
39,873
6,830
4,331
1,473
14,770
3,875
3,747
493
308
85,530
-|
|---|---|---|
|||1,037,629|
The Branch participates in the national scheme for neutering stray and unwanted animals. The costs shown above of £282 (2022: £7,988).
The Branch is included in a group insurance scheme which is calculated on a national basis for all activities under the umbrella of the RSPCA. In addition, the Branch acquires a range of goods and services from RSPCA Headquarters (including drugs and medicines) and as result benefits from reduced costs overall due to the central bulk purchasing. The total costs recharged to the Branch by RSPCA Headquarters during the year and included in "Animal Centre running costs" above amounted to £8,401 (2022: £41,807).
Animal Centre running costs includes payments arising under operating leases for vehicles and equipment amounting to £2,005 (2022: £1,953).
continued...
Page 19
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **9. SUPPORT COSTS**
|**SUPPORT COSTS**||
|---|---|
||Governanc|
||costs|
||£|
|Animal centre costs|92,091|
|Governance costs|14,302|
||106,393|
Support costs, included in the above, are as follows:
|Animal
centre
Governance
costs
costs
£
£
Auditors' remuneration
11,000
4,000
Investment management fees
-
10,302
Legal and professional fees
52,235
-
HR and payroll processing costs
21,337
-
Contributions to Region
551
-
HQ legacy management fees
6,968
-
92,091
14,302
**AUDITORS' REMUNERATION**
Fees payable to the charity's auditors for the audit of the charity's
financial statements|2023
Total
activities
£
15,000
10,302
52,235
21,337
551
6,968
106,393
2023
£
15,000|2022
Total
activities
£
7,538
7,458
34,312
9,462
551
10,679
70,000
2022
£
7,538|
|---|---|---|
## **10. AUDITORS' REMUNERATION**
## **11. 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.
Expenses were reimbursed to members of the Management Committee as provided below. Travelling expenses amounting to £Nil (2022: £Nil).
continued...
Page 20
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2023
£
780,309
52,766
14,260
847,335|2022
£
687,421
43,208
11,216|
|---|---|---|
|||741,845|
The average monthly number of employees during the year was as follows:
|Staff
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Operation of animal centre
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Animal centre costs
Governance costs
**Total**
Net gains/(losses) on investments
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
Total funds brought forward|
Unrestricted
fund
£
1,092,973
164,467
518,583
32,523
1,808,546
394,779
981,310
68,447
1,444,536
(115,522)
248,488
(154,447)
94,041
3,299,033||
|---|---|---|
||||
||||
||||
||||
||||
## **13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 21
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**TOTAL FUNDS CARRIED FORWARD**
**14.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 January 2023
3,361,640
258,159
Additions
21,098
8,850
Disposals
-
-
At 31 December 2023
3,382,738
267,009
**DEPRECIATION**
At 1 January 2023
1,057,904
198,599
Charge for year
67,186
17,678
Eliminated on disposal
-
-
At 31 December 2023
1,125,090
216,277
**NET BOOK VALUE**
At 31 December 2023
2,257,648
50,732
At 31 December 2022
2,303,736
59,560
**15.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2023
Additions
Disposals
At 31 December 2023
**PROVISIONS**
At 1 January 2023
Revaluation adjustments
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**TOTAL FUNDS CARRIED FORWARD**
**14.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 January 2023
3,361,640
258,159
Additions
21,098
8,850
Disposals
-
-
At 31 December 2023
3,382,738
267,009
**DEPRECIATION**
At 1 January 2023
1,057,904
198,599
Charge for year
67,186
17,678
Eliminated on disposal
-
-
At 31 December 2023
1,125,090
216,277
**NET BOOK VALUE**
At 31 December 2023
2,257,648
50,732
At 31 December 2022
2,303,736
59,560
**15.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2023
Additions
Disposals
At 31 December 2023
**PROVISIONS**
At 1 January 2023
Revaluation adjustments
At 31 December 2023
**NET BOOK VALUE**
At 31 December 2023
At 31 December 2022|**- continued**
Unrestricted
fund
£
3,393,074
Motor
vehicles
£
46,972
-
(2,995)
43,977
29,680
4,854
(2,246)
32,288
11,689
17,292
Listed
investments
£
885,976
246,230
(216,742)
915,464
9,918
(33,218)
(23,300)
938,764
876,058||Restricted
funds
£
1,790,070
Computer
equipment
£
188,491
9,156
-
197,647
104,030
23,221
-
127,251
70,396
84,461
Unlisted
investments
£
2,000
-
-
2,000
-
-
-
2,000
2,000||Total
funds
£
5,183,144
Totals
£
3,855,262
39,104
(2,995)
3,891,371
1,390,213
112,939
(2,246)
1,500,906
2,390,465
2,465,049
Totals
£
887,976
246,230
(216,742)
917,464
9,918
(33,218)
(23,300)
940,764
878,058|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
||||||||
||||||||
||||||||
There were no investment assets outside the UK.
continued...
Page 22
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **15. FIXED ASSET INVESTMENTS - continued**
The investment portfolio is held by RBC Brewin Dolphin who manage the portfolio on behalf of the Branch. The Management Committee set overall investment policy which is reviewed on an annual basis. Individual investment decisions are determined and implemented by RBC Brewin Dolphin on their own initiative within the overall investment and risk profile. The investments are included in the financial statements at their open market value at the balance sheet date. Changes in values for investments are recognised in the Statement of Financial Activities as "net gains/(losses) on investments". The Management Committee wish to emphasise, that the market values of the investments are subject to variation on a daily basis. The value of investments can go down as well as up.
As at 31 December 2023 the original cost of the investments was £764,527 (2022: £735,040).
## **16. STOCKS**
|Goods for resale
Drugs, medicines, consumables and identichip blanks
**17.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Legacy income receivable
VAT
Prepayments and accrued income
**18.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors|2023
£
16,390
21,810
38,200
2023
£
39,506
982,966
10,442
144,351
1,177,265
2023
£
13,737
85,418
99,155|2022
£
18,937
19,980
38,917
2022
£
27,042
1,033,740
10,484
27,070
1,098,336
2022
£
10,900
58,649
69,549|
|---|---|---|
||||
continued...
Page 23
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **19. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2023
£
39,944
17,830
57,774|2022
£
33,990
25,555
59,545|
|---|---|---|
## **20. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Investments
Current assets
Current liabilities|Unrestricted
fund
£
1,400,742
266,165
2,001,279
(99,155)
3,569,031|Restricted
funds
£
989,723
674,599
66,110
-
1,730,432|2023
Total
funds
£
2,390,465
940,764
2,067,389
(99,155)
5,299,463|2022
Total
funds
£
2,465,049
878,058
1,909,586
(69,549)
5,183,144|
|---|---|---|---|---|
## **21. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Woodside Veterinary Centre - Running
Costs
Woodside Veterinary Centre
**TOTAL FUNDS**|At 1.1.23
£
3,393,074
812,665
977,405
1,790,070
5,183,144|Net
movement
in funds
£
199,255
(71,957)
(10,979)
(82,936)
116,319|Transfers
between
funds
£
(23,298)
-
23,298
23,298
-|At
31.12.23
£
3,569,031
740,708
989,724
1,730,432
5,299,463|
|---|---|---|---|---|
continued...
Page 24
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **21. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
Resources
Gains and
resources
expended
losses
£
£
£
**Unrestricted funds**
General fund
1,651,616
(1,507,572)
55,211
**Restricted funds**
Woodside Veterinary Centre - Running
Costs
109,626
(181,583)
-
Woodside Veterinary Centre
-
(10,979)
-
109,626
(192,562)
-
**TOTAL FUNDS**
1,761,242
(1,700,134)
55,211
**Comparatives for movement in funds**
Net
Transfers
movement
between
At 1.1.22
in funds
funds
£
£
£
**Unrestricted funds**
General fund
3,299,033
248,488
(154,447)
**Restricted funds**
Woodside Veterinary Centre - Running
Costs
872,106
(59,441)
-
Woodside Veterinary Centre
831,922
(8,964)
154,447
1,704,028
(68,405)
154,447
**TOTAL FUNDS**
5,003,061
180,083
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
**Unrestricted funds**
General fund
1,808,546
(1,444,536)
(115,522)
**Restricted funds**
Woodside Veterinary Centre - Running
Costs
33,474
(92,915)
-
Woodside Veterinary Centre
-
(8,964)
-
33,474
(101,879)
-
**TOTAL FUNDS**
1,842,020
(1,546,415)
(115,522)|Movement
in funds
£
199,255
(71,957)
(10,979)
(82,936)
116,319
At
31.12.22
£
3,393,074
812,665
977,405
1,790,070
5,183,144
Movement
in funds
£
248,488
(59,441)
(8,964)
(68,405)
180,083|
|---|---|
continued...
Page 25
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023**
## **21. MOVEMENT IN FUNDS - continued**
At the start of March 2021 building work commenced on a new veterinary suite and work was completed during 2022. The majority of the funding for the vet suite came from large legacies that were left to the charity so as to provide funding for the project and to provide income for ongoing running costs. A fixed asset fund was established to reflect the carrying value of the building, distinct from the income and expenditure in relation to the ongoing running of the vet suite.
## **22. RELATED PARTY DISCLOSURES**
The Branch operates within a national network of separately registered charitable organisations that pursue the same objectives and which are known collectively as the Royal Society for the Prevention of Cruelty to Animals. The network comprises a "branch" structure, with each branch operating within a defined geographical area for the purposes of fundraising and the provision of animal care facilities and treatments. A regional structure also exists that is overseen on a national basis. This structure provides a team of specialist Inspectors and co-ordinates the policies and objectives of the branches. Representatives of the branches, regional and national organisations meet on an annual basis as a forum to consider all issues affecting animal welfare and to develop policies for the future pursuit of their common aims.
The Branch also has links with other organisations committed to the same objectives. In the opinion of the Management Committee (whilst acknowledging the structure within which the Branch operates) the Leicestershire, Peterborough & Rutland Branch is an independent organisation and is therefore not under the control of any other entity.
Page 26
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Legacies
Grants
Subscriptions, collections and appeals
**Other trading activities**
Fundraising events
Shop income
Woodside shop sales
**Investment income**
Rents received
Dividends received
Deposit account interest
**Charitable activities**
Animal sales and claims
Boarding fees and sundries
Pet insurance commission
Sale of drugs and medicines
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Purchase of goods for resale
Carried forward|2023
£
366,340
210,803
18,000
173,042
768,185
62,044
437,328
148,264
647,636
10,036
25,169
4,469
39,674
94,163
109,570
23,507
78,507
305,747
1,761,242
283,528
17,168
4,825
7,764
2,859
11,878
4,674
2,880
14,677
120,040
470,293|2022
£
41,073
937,352
4,368
112,431
1,095,224
63,729
314,697
140,157
518,583
7,555
24,690
278
32,523
70,546
70,286
23,521
31,337
195,690
1,842,020
199,147
10,597
3,048
2,584
1,971
12,161
2,894
2,666
10,099
118,372
363,539|
|---|---|---|
This page does not form part of the statutory financial statements
Page 27
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Raising donations and legacies**
Brought forward
Fundraising events
Shops' travelling expenses
Shop rents
Shops' bank charges
Shops' cleaning costs
Fundraising costs
Shops' depreciation
**Charitable activities**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Advertising and public relations
Sundries
Staff training
Staff uniforms
Motor and travel
Drugs, medicines and consumables
Veterinary fees
Animal food
National neutering scheme expenses
Repairs and maintenance
Cleaning expenses
Printing and stationery
Bank charges
Canteen
Computer support and Web development
costs
Security costs
External boarding costs
Recruitment costs
Dog grooming expenditure
Depreciation of tangible fixed assets
Loss on sale of tangible fixed assets
**Support costs**
**Governance costs**
Auditors' remuneration
Carried forward|2023
£
470,293
17,618
4,055
63,103
8,074
9,553
11
3,799
576,506
496,781
35,598
9,435
2,236
6,906
41,422
9,140
7,216
14,373
16,798
2,249
15,929
65,730
19,287
19,687
282
54,498
41,168
8,857
3,646
3,080
31,788
3,070
3,134
-
286
109,140
(4,501)
1,017,235
15,000
15,000|2022
£
363,539
13,603
2,891
43,790
5,403
7,696
11
1,853
438,786
488,274
32,611
8,168
8,562
7,491
31,613
10,855
5,327
26,005
654
4,317
17,169
46,242
92,099
34,890
7,988
54,134
39,873
6,830
4,331
1,473
14,770
3,875
3,747
493
308
85,530
-
1,037,629
7,538
7,538|
|---|---|---|
This page does not form part of the statutory financial statements
Page 28
## **THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS : LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023**
|**Governance costs**
Brought forward
Investment management fees
Legal and professional fees
HR and payroll processing costs
Contributions to Region
HQ legacy management fees
Total resources expended
**Net income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset
investments
**Net income**|2023
£
15,000
10,302
52,235
21,337
551
6,968
106,393
1,700,134
61,108
21,993
83,101|2022
£
7,538
7,458
34,312
9,462
551
10,679
70,000
1,546,415
295,605
33,505
329,110|
|---|---|---|
This page does not form part of the statutory financial statements
Page 29