REGISTERED CHAR NUMBER: 222621 REPORT OF THE TRUSTEES AND ALIDITED FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMbER 2024 FOR THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELIY TO ANIMALS: LEICESTERSHIRE PETERBOROVGH & RUTLAND BRANCH
THE ROYAL SOCIETY FOR TrIE PREVENTION OF CRUELTY TO ANIMALS . LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2024 Page Report of the Tru$tee$ Truste•$' ResponbIlAY Statement R•port of th• Ind•p•ndettt Avdltors Statement of Flnon¢lal Acllvllles Bolance Sheet 13 Cash Flow Statemenl Nolos lo th• Cosh Flow Slolemenl Notes to the Flnanclal Stal•m•nts 16 10 30 Detalkd Stalement of Flnanctd A¢ll¥lt5 31 10 33
THE ROYAL SOCIEfY FOR THE PREVENIION OF CRUELTY TO ANIMALS . LEICESTERSHIRE, PEFERBOROUGH & RUTLAND BRANCH REPORT OF THE TRUSTEES For The Y•ai Ended 31 D•cember 2024 The Iru51ee5 [ent their report wlh the fnianciol statements of the charity lor the year ended 31 December 2024. The twstees hove odopled the provisions ol Accounting and Reporting by Charili&s'. stotement of Recommended Practice applcable to charities preparing their accounts in occordonce wbth Ihe Financial Reporting Standard applicable in the UK ond Repthlic ol Ireland IFRS 1021 leffective l January 20191. The RSPCA Leiceslershirs, Pelerborough ond Rullond Bronch is a seporolety registered charity of the Royal Society for the Prevention of Cruelty lo Animals IRSPCAI and i4 govemed by the RSPCA Ac15, RSPCA Rule5 ond RSPCA Bronch RLle5. It5 Trustee Board is established as an incorporoled trustee body, ond oversees the stralegic monogemenl of the Bronch, wth da¥-t0Y operotionol manogemenl ol the Bronch bein9 delegoted lo Ihe Chief Executive Officer. The Branch owns ond wns the animal centre named Wood5ido Animal Centre and carries oul ils direct animal welfare work wilhin the cyeo ol Leice51er5hire. PeleTborough and Rulland. OBJECTIVES AND AClivmES Obleclfves and Alm5 The Chorilvs objectives follow those of the National RSPCA. We aim lo prevent cruelly. promote kindness and olleviale the suflerfng of onimols particulorly within the Bronch orea. As a Branch, we work in QCCOTdance wi Ihe policie5 of the Naliond RSPCA. The RSPCA Leicestershire. Peterborough and Rutlcnd Branch aims lo achieve Ihis by rehoming aThmals which ore brovght into our care. These onimals are often obondoned or hove been mlslreoled ond often hove required the 5UPPOrt of the RSPCA Inspeclorale. animals received inlo the care of the Bronch receive veterinary trealment. vaccination. neutering. microchipping. Ilea tTealmenl and worming Irealmenl and are Q55e55ed for Tphoming. The Bronch offer5 odvice to the public in matter5 conceming onimol wollare, rehoming ond odoption. Our on4ite events help to promote the messoge regarding responsible pet oWnehIp ond these e well received by the public who ottend. Publk benem The Trustee5 have reviewed the general guidance wovided by the Chcyily ComtTh55ion with regard lo o slalemenl of putlC benelil. The Trustee5 have ensured that Ihe Charily remains focussed on ovr chorilable aims and continve lo deliver benefits lo Ihe public. Ihe Charity aims lo aehieve these objective5 by promoting the work and objec15 Ot the Nalionol RSPCA. 11 aim5 to provide support locally lo those people whose animals are in need. promoting good levels of care and welfore ol onimols cmd rehoming abondoned animals and mistrealed pets. The wellore work vndertaken by Ihe Bronch. ollhough lo¢ol in nolwe, benefits society ol lorge ond also oim$ lo help peop in need wlh the care ol their animd5. All of our charilable activitie5 focv5 on promoting kindness and preventing or suppressing cwelfy and ore vndertoken to further purposes forlhe publlc benefit. We offer advSce Ilyough mulliple digllal channels ond face-tlace lo members of the pvbfic. In oddltlon. we have flee leoflet5 gwing odvice lo the pvbfic on a ronge ol onimal welfore i55ues. These are avojable through our orFsite receplion and al OVT charity Shops across the area. Ihe pvblic benefils Ihrovgh the promolion of responSie pel ownership. Wilhin the lerms of our goveming document. we support the Inspectorote, Ihe Nolionol Society and other RSPCA Branches. We abo have good working ielalionships wlh a number ol the local animol welfare charities and have been ab lo extend ovr support throvgh veterinary cue Ic) Some of their onimaLs. Page I
THE ROYAL SOCIEfY IOR THE PREVENfioN OF CRUELTY TO ANIMALS . LEICESTERSHIRE. PEfERBOROUGH & RU7LAND BRANCH REPORT OF THE TRUSTEES For The Year Ended 31 December 2024 OBJECTIVES AND ACTivmES Volunleers We provide a range of volunteering opportvnitie5 for members of the public. Such volvnteering roles. includirvJ f05tering. dog walking. assisting in the ¢oltery, in reception, in administrative roles, ol ovr charily shop5 and with lundraising. ol give o broad perspective of the work we do and gives volunteers a chance lo participote in responsible pel ownership and positwe onimal welfore. The contact we have with Individuals and Ihe growing number of companies who also support us ensures Ihol o wde group of local members ol the public enjoy working with u5 in o eompassionote and rewarding woy. We ensure, through our policies, that no individuol will be excluded from volunteering on the groundi of gender, marital or fomily status. religious beli&f or politicol opinion, disability. roce or ethnic origin. nolionolity, sexual orienlalion or oge. or ony other crilerio wfrich could be deemed to be discriminatory or divisive. ACHIEVEMENTS AND PERFORMANCE Chothable a¢tlvllles Under the Chorilies Acl 2011, the advancement ol animal welfare 15 recognised 0$ a distinct stolLrtory ehariloble pupose. This legislolion and the Animal Wellore Act of Ihe some year indicate an acceplonee by society that treating living creatures wlh compassion has o moral benefit for Ihe pUbc. Whi151 the publc beneffl is cleor, il is somtrtimes difficvll to quantify olher thon by 0vidIng an undelslondfftg of the a¢livitie5 undertaken by the Branch, which include.. The prevgntion or Suppression of cruelly lo cmimo15 through providing support for locol RSPCA Inspectors by taking in, free ol charge, mi51rooled or obandoned animols - inclvding pets whose owner5 suffer ill heollh. or financial difficulties. or pass awoy. Provhjing subsidised veterinary trealmtsnl for anima15 which ore sick or injured and bekng lo local people on low incomes. Providng subsidised neutering ond micro£hipping of companion onimals lor those in the Bronch oreo on low incomes. which helps lo control dog and col populations and promotes responsible pel ownership. Animals in our core receive veterinary treatrnenl, vaccinolion. neutering and rricro<hpping ond are 0$5e55ed for rehOrng, which help5 to control Ihe incidence and spread of disease ond Suffering. - We rehome arwmals in rd al low c¢)s1. We lake in lost onlmd5 and lake steps to revnile them wilh their owners. We respond to enquirios and provide free animol advice over the lolephone, and foce to lace with members of the public. We deliver &ckn¢otional tolk5 to schools and sociol groups,. 5UPPOrted with fvee literature ld leaflets providing advice on animol core. - Within the lerms ol our govemiro docwnenl we support the Nolional Society and other RSPCA Branche5. Ihe Bronch is supported by o Ige conlin9enl of volunY&ers, with opportunities which include loslering-, dog wolking- assisllng in the aThmal cenlre; ossi51ing in our charity shops., and ndro1$In9. Thew tireles$ 055i51ance is ssenlial to the running of the Ch¢ty. The sunmory ol Achievgmen15 OtKJ Perfoance Is Included in the Chaimon's Report. Poge 2
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANIMALS . LEICESTERSHIRE, PETERBOROUGH & RufLAND BRANCH RepoRT OF THE TRUSTEES F¢r The Year Ended 31 December 2024 FINANCIAL REVIEW Flnanclal poslKon The principal funding sources of income to the Branch itself were.. Legacies Donations Grants SubseriPtioN. coleclions and appeals Shop 5ale5 other income Total 346,259 60,733 3,421 154.650 706,2 544 075 1015.391 And the income ha5 been applied as follows.. Animal Centre costs Costs of generating funds Govemance costs other costs Tolol 1.407,130 819,344 23.172 2.176,108 Which hos resulted in nel expenclilure for the Branch for the yecrf ol 1360.7171 The Monagemenl Committee are aware that this hos been ochieved 05 a resull of the significant legacy income ond WhIt they m05t grolefij for thi5 gener0511y, they recognise that by ils very notue. Ihis is an Inherent unreliable souice of income for the Branch. Inv•slm•nt pol¢y ond oblKIfv•s The Monogement Committee, having regd lo the liquidity requirements of lh$ Bron¢h, hove kepl 5ignific(Inl lunds available in a voriely ol bank facilities so as lo provide for 8os& of access, Longer tem fund5 are hek by the Branch as stock market investments Ihot ore monoged by wofessional investment manager5 under the policy sel down by the Bronch by which no inve51menls can be made in companie5 who are involved in onimal testing or other activities Ihal may place the weffare of animal al risk. As o result of this pclicy, inve51menl income may not reflect a purely commerciol role ol return. In Ihe view of the Managernenl Committee. this is acceptable in order lo odvonce the objectives of the BTanch. Page 3
THE ROYAL SOCIETY FOR THE PREVEP4TION OF CRVEITY TO ANIMALS . LEICESTERSMIRE. PETERBOROUGH & RUTLAND BRANCH REPORT OF THE TRUSTEES The Year Ended 31 D•cember 2024 FINANCIAL REVIEW Rlsk Management ond R•$epies policy The mojor risk to Ihe Branch is that ils annuol income 10115 below annual expenrfilure and this risk is monitored by the Trustee5 Ot their monthly meeting5. Because of the signilicance of this risk, Ihe Monogemenl Committee hove lorecosl Ihe level of Iree reserves Ilhol is those ndS nol tied up in fixed assets and Teslricled funds) the Bronch wil requiTe in order lo moinlain its opeTQtions. A significant proportion ol the Branchs income derives from donations and legocies, the levets of which cannot be guoronleed w onlicipoled ond accordingly. the Monogement Commitlee considers il prudent lo maintain liquid or similor Teserves e9OIent 10 9 months, expenditure a5 Sel out in the Slalement ol Finonciol Activities. Actual free reserves are calcubaled lo exclvde fixed osset5 and reslricled reserves, bul include inveslmenls. Target free reserves Actuol free rese¢ves 1,275,100 4?8,737 Shortfall ogoiml lorgel 1776.3631 Al 31 December 2024 the restricted fvnd bclances were UOI 3211 and Ihe total fvnds were £5,009,035. Woodside Vel Centre Al the start of March 2021 buildlno WO commenced on a new veterinary suite ond work w05 eornpleted durin9 2022. The mojorily ol the funding for the vel svile come from laige legacie5 that were left lo the chorily so 0s.lo PTovide fundng lor the project ond lo provide income lor ongoing running costs. A fixed asset fund was eslobli5hed to reflect the carying value of the buildir)g, distinel from Ihe income and expendilvre in relation to the tsngoing runnirvJ of the vet $vile. Pelerborough Branch During 2023 the branch look over Ihe activities of the RSPCA Peterborou9h Bronch ond the lurKls remairNng In *he branch b¢Thk accovn15 were tronsferred over ond f¢)m) the bvlk of Ihe remaining fund after deducting reloled expendilvre. FUTURE PLANS Woodside conlinues lo grow ond develop and our VeteritKJry FocS11ty continues lo impact the 5eryices we can offer ¥Mthin our region. We aim lo increase our chority shop portfolio thi5 year in both Peterty0vgh and Leicesler5hre cnd hope to Utili5e some innovotive design51 Ihe financial challenges experienced in 2024 demonsfroled the need for RSPCA Woodside lo broaden ils income bose lo ensure lon9-temi slabilily. In 2025. Ihe orgonisotion will priorilise developing consistent and sustainable income streom5. One key iniliotive wll be opening the velerinary tacililie5 to the pU1C under the name Bamey & Bella Independenl Vets. This morks the beginning of a customer joumey thal does not slort ond end wilh adoption, bul continues with ongoing 5UPPOrt and guidance lor onimols and their owners. staffing difficutties during 2024 Olso highlighted the need for a more $lrotegi¢ally Iocv56d management structure. In 2025, Ihe airll will be to 5trenglhen the leom lo support fuhKe development. Work wll continue to expond the retoil operolion, ossess the use of Al technology lo irllprove efficiency, and implement a targeted fvndr0i5ing strategy designed to ochievo slron9er flnonciol retLms. Page 4
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRVELTY TO ANIAIALS.. LEICESTERSHIRE, PEfERBOROUGtrI & RUILAND BRANCH REPORT OF THE TRUSTEES F Th• Y•ar End•d 31 D•¢•mber 2V24 SIRUCTURE. GOVERNANCE AND MANAGEMENT Govemance and admlnlstramon Th& Monogement Committee are the BTanch Trustees ond in 2023 met on o monthly trxisis to oversee the aclivilies ol the Branch- lo deal with ony si9nilicanl issues that have arisen., to set policy; ond lo review the financial position. A current subcommillee e%i51s lo deal with financiol management. and in 2024 folk)wing endorsement by the Board 10 Sel up a Trading Company, a separale committee will be established taking into aceount the reqUeMent lor this lo be indepondont. All decisions of Ihe 5vbcommittees ore subject lo rotificalions of Ihe full Monagemenl Committeè. Following appointment of a CEO in August 2023. a r8VIS8d sch8du18 of meetings has been s&1 up that will reduce the number ol Monogemenl Commillee meetings 10 Six per year. wlh 5ubcommitlees meeting vortedy. The agendo of rneeling5 ha5 d50 been revised lo focus on moTe strategic and govemance is5ves ound a programme of change for the orgonisalion. 11 is ffjll Ihol Ihis is o more svslcinoble model, ond one Ihot will ajso encourage the recwitmenl ond retention of Tw51ees. The Manogemenl Committee are dl subject lo declion eoch yeor ol the Bronch's Annvol Generol Meeting. The Branch operates within a naliond ne0t of seporotely regislered chlIable organisotions Ibrrmches) Ihol pursuo the same objectives ond whlch are known collectively 05 the Royal Society lor the Prevention ol Cruetty lo Anima15. Each Branch operate5 within a defined geographical area for the purposes ol lundroising and the provision ol animal care facifilies ond Irealmenls. A regional slrvclvre olso exists Ihal is overseen on a national basis. This slrvclure provide5 a team of 5pecioli51 Inspecto and co-ordinate5 the wlicie5 and objectives of the bronches. Repiesenlalives of the bronches, regionol cnd national organisalicns meet on an annual basi5 a5 a forvm to consider dl issue5 Qffecling onimol wetfore: ond to develop policies for Ihe fullffje purs1 of Ihgir COMM¢ oim5. The Manogemenl C¢xnmittee conlinLEd to meet regulaty throughout 2024 to ov8rs•8 Branch actrlilies, addre55 significant operational aThg slralegic mallers. sel policy, and review linonciol pertormonco. Ihe Finonce Subcommittee remains in pkjce lo monage fin¢n¢iol oversight ond reporting. Folk>wng Board opproval in lole 2023 to e51obli5h a Trading Company, work 15 underway to form o declicaled Trading Committee to oversee its oclivlties in line with chorily governance requirements. All 5ubcommitlee decisions are svbiect lo ralilicalion by the fuH Manogemenl Committee. Since the appoinlment of Emmo Peoke 05 Chief Executive Officer in 2023, 2024 ha5 seen signikanl operotional tron5fomation ocross the organi5alion. Efforts will continue in 2025 to build o Senior Managernenl Team capable of driving the orgoni5ation lorword. In oddilion, o dedlcoted Health & Safety Committee has been established to review cd develop policies bef(Ye svbmission to Ihe Trustee Board for final appiovol. Tr)is approoch ensures Ihol oll oreos of operallons ore considered in policy development and that Woodside remoins ¢omplont with relevont legislalion and best practice. The Commillee's work. Combined wlth o renewed organiscrtional focus on health and salety, has afr8ady d@Iiv8r8d substantial improvements ocr055 the cenlre. While Fxogress hos been mode in mony orea5, further work is required lo erisure that RSPCA Woodside is not only lully complionl wth OM relevant regulations bul also ochieves the highest standards poSsie. Looking ahead. the organi501ion will conlinve lo focus on fulure-proofing. wlh partr¢ulor ottention lo Eqvolity, Veity and InchJsion. and sustainabikty. Since the introduclion of this strengthened monagernenl framewo, the govemance model established in 2023 h05 become firrrfy embedded. The ManagemeTIt Committee now meets six times per year. SUPPOrted by quarterfy subcommillee meelings. Agendas continue to priorilise strolegic oversighl. govemonce, or)d the delivery ol the uganisation's ongoing progromme of chonge. This approoch h05 proved more 5usloinable ond effective, improving decisioTrmaking elliciency ond supporting th& rècruitment ond retention of Trustee5. All membws of Ihe Mono9ement Commilleg continue to 51and for election annvalty al the Branch's GeT)eral Meeting. Page 5
THE ROYAL SOCIETY FOR THE PREVENIION OF CRUELTY TO ANIMALS . IEICESTERSHIRE. PETERBOROVGH & RUTLAND IRANCH REPORT OF THE TRUSTEES For The Y•or Ended 31 December 2024 STrUCTURE. GOVERNANCE AND MANAGEMENT R•¢rvllmenl ond oppolntm•nt of new Irvstee$ All members are encouraged lo invite norrinalions as Irustees prior to each Annual General Meeting- odvisiryJ them of retiring trustees and requosling nominations. When considering Copopling trustees, the Monagernenl Committee has regord to Ihe requirement lor ony speciolisl skills needed. ond skills audits or& undertaken lo irjenlify particular gaps in th& ski115 base. Indv¢lk>n and tralYdn9 01 new trvslees New trustees will undergo o period of orienfofion lo brfèl thèm on Ih&ir legal obligations under ch07ity. trust and lil necessaryl company ILTW,. the Charity Guiclonce on pubfic benefit.. and inform them of the conlenl of the Bronch governing documentolion,. the operation of the Manogement Committee and d&ci5ion-making processes,. the business plon and recent financial performance. They will meet key employees ond other IrknTtees - ond are encouroged lo attend appropriole inlemd and exlemal training events that will focnitale their vnderslanding of their role. REFERENCE AND ADMINISTRATIVE DETAILS R•glsteTed Charmy nvmber 222621 Prfnclpal odthess Wood5ide Animal Centre 1905cudomore Road Leicester LE3 IUQ ¥iustees M5 E All0 Presidenl (resigned 24.6.241 Mr C Acton Honorory Choir Mr S Kinchinglon Honorary Treasurer Mr D Morrish Commille• M8mber M5 P clo Committee Member Mr S S&lla15 Ire51gned 22.4.25 M5 C Poge Mr M Mannix lappoinled 17.3.251 Miss B Malamah-Thomos lorpointed 24.6.251 Miss G Gough (appointed 1.9.251 Avdlk> TC Group 31 High View Close Homitton Office P¢yk Leicestèr Leice3ter5hire LE4 9LJ Sollcllors Messry 8r(4 & 8roy 3&42 Hvmberstone Road Leicester LES OAE Bank•rs lloy Bonk plc, 7 High Street, Leresler. LEI 9FS CAF 8ank, 25 Kings Hil Avenue, Kings Hil. we Maling, Kent, ME19 4JQ Poge
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANIMALS - LEICESTERSHIRE. PETERBORQUGH & RUTLAND bRANCH REPORT OF THE TRUSTEES Far The Year Ended 310ecember 2W24 EVENTS SINCE THE END OF THE YEAR Infonnollon rekJth"ng lo event5 since the end of the year is given in the notes lo Ihe financiol slalements. AppToved by order of the board of Iwslee5 on 27th October 2025 and signed on Ils beholl by.. C Aclon- Tru51ee Page 7
THE ROYAL SOCIEfY FOR THE PREVtNrioN OF CRUELTY TO ANIMALS . LEICESTERSHIRE PEfERBOROUGH & RUTiAND BRANCH TRUSTEES. RESPONSIBIUTY STATEMENT For The Year Ended 31 DecombeT 2024 The truslee5 are responsible for preparing Ihe Annuol Report ond the fir)ancial statements in occordance with applicable low ond United Kingdom Accounting Slondards |Uniled Kingdom General Accepted Accounting Practice). The law opplicoble to charities in England and Woles, the Charities Act 2011, Chority IAccounts ond Reportsl Regulolion5 2W8 ond the provi5ion5 of the 'Trie Acr require5 the Iruslees lo prepare finonciol 51olements for eoch financial year which 9ive o true and fair view of the stote of affairs ol th8 charity ond of the incoming re50urcos and applieation of resources. including the income and expenditwe, ol the charity for that period. In preping thosa finoncial slalemenls. the Irv51ees are requlred lo - select suitoble accounting policies ond then oppprf them Conslent.. - observe Ihe methods ond principles in the Charity SORP., - mgke judgements and eslimoles Ihot ore reasonoble and prudènl., 51c¥le whether applicable accounting 51andaTds have been followed. 5vbjecl to ony moterial departures disclosed and explained in the financial slolements; prepore the financiol 51olemenls on th& going concem basis n$S it 15 inappropriole lo Ffesume fhol the chorily will continue in business. Ihe Iw5tees are responsible for keeping proper accounting records which discb5e with reasonable occuracy ol ony lime the linon¢ial position ol the chority and lo enoble them lo ensure that the finortial staternenls comply wrilh the Charities Act 2011, the Charity IAccovnls ond Reports) R&gublion5 2008 and the provisions of the 'The Acl They are atso responsible lor saleguording the ossels of Ihe chty and hence lor toking reosonable steps for the prevention and detection ol fraud and other igularitIeS. Poge 8
REPORT OF THE INDEPENDENf AUDITORS TO THE TRUSTEES OF
THE ROYAL SOCIETY FOR THE PREVENtION OF
CRUELTY TO ANIMALS - LEICESTERSHIRE.
PETERBOROUGH & RUILAND BRANCH
Opinlon
We hove aucliled the finoneial 51olemenls ol The Royal Society for the Prevention of CrL to Animds
Leice51ershire. Pelerborovgh & Rvtlond Bronch Ithe 'chorily'l for the year ended 31 December 2024 which
comprise the Slolemenl ol Vinanciol Activities, the Balance Sheet. the Cash Flow Slalemenl and notes lo the
financiol slalemen15, including o summary ol significant accounting policies. The financial reporting framework
that has been applied in their preporolion is opplicuble l¢N and United Kingdom Accounling Slondard5
(Uniled Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial stotem&nts'.
give o true ond foir view of Ihe slate ol the eharilvs alfair5 as 0131 December 2024 ond of its incoming
resovrces and application Df resources. lor the year then ended.,
have been properfy prepored in accordonce wilh Uniled Kingdom Generally Accepted Accounting
Proclice., and
have been prepared in accordance with the reqvirements ol the Chorilie$ Act 2011.
Bosls for oplnlon
We conducted our audit in accordance with International Standorth on ALpdltlng IUKI (1s IUKII and
applicable law. Our responsibilities under those slandords are further de5crib8d in the Auditors. responsibilities
lor the audit ol the linoncial stotemenls section of our rewt. We are independent ol the charity in
accordance with the ethical requirements that ar& relevant lo ovr oudil of the finonclol 5tolements in the UK.
including the FRC'S Ethicol Slondord. ond we have fulfilled our other ethical respon5iblilies in accordance with
these requiremenls. We believe that the audit evidence we have obtained is sufficienl and appropriote lo
provide o basis for our opinion.
Conclvslons r•latlng k golng concern
In oudiling the finonciol stotements, we have concluded Ihat the tnJslee5' V5e of the golng concem basls of
accounting in the preparation of the financial slot&ments is appropriote.
Bosed on the work we hove performed. we have not identified any material uncertoinlies relating lo evenls
REPORT 01 THE INDEpeNDENT AUDrroRS TO THE TRUSTEES OF THE ROYAL SOCIEtY FOR THE PREVEMtION OF CRUELTY TO ANIMALS - LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH ponslbllllle$ ol frusl•g5 As explained more lully in the Tw51ees' Responsibililies Statement, the Injslees ale responsible for the prepcwalion of the finoncial slalemenls which give o true and fair vw. ond for svch inlemol control os the trlee$ delemine is necessary lo enable the preparation ol financial slolemenls Ihal are free frorn material mi551atement. whether dve to fraud or error. In pr&F)aring the financial slalemonts, the InJ5tee5 are responsible for asses&ng the charity5 ability to continue 0$ o going concern. disclosing, g5 applicable, mallers reloled lo going concem cwd using the going concem basi5 01 accounting unless the Iru51ees either intend to liquidate the charity or to ceose operolions, or have no realistic oltemolive but lo do so. Ow respDnslblllM•i tor the audlt of the nnanclal slalemenls We hove been appointed as auditors Under Section 144 of the Charit5 Act 2011 and report in occordonce Ih Ihe Act and relevonl regvlotion5 made or having effect Iher&Lthder. Our objectives ore lo obtain reasonoble ossvrance about whelher the linoncial slalements as a whole are free frorr moterhil mi551alemenl, whether due lo fraud or error. ond to issve a Report of the Audilors Ihol inclvdes ou opinion. Reosonoble ossurance is a high lev&1 of assur(x)¢e, but is not a guonIe Ihol on avdil condvcled in occordance with ISAS IUKI will atwoys detect a material misslatemenl vthèn it e$t$. Misstotement5 can arise from fravd or error ond are considered material il. inclividuolly or in the oggregale. Ih&y could reasonabty be expected lo influence the economic decislons ol users taken on the blS of thes8 finoncial statements. lffegulorities, inckncfing fraud, ore instances of n¢)rrtompliance wth I¢Jw5 and regvlalion5. We design procedures in line wlh our r8sponsibililies. outlined obove, to detect malethd mi55talemen15 in respect of irre9ularilEs. inclvding fraud. The extenl lo whh our OcedureS ore capable of detecting ie9LOnI1frs, inclvdng fraud is detailed bel¢)w: We obloined on understoncling of the legal and regvlotory framework5 that are opplicable to tho chorily orKI determined that the m051 significant frOmeWo which ore dlreclly relevant so specific ossertions in the linanciol slolemenls are those Ihat relate to the reporting fromework IVK GAAP and the Componies Act 2£6 and lh& relevant lax COMpanCe re9ulolions in Ihe UK. We underslood how Ihe charity 15 complying with those Iromework5 by making eNvirias ol manogemenl and Ihose responsible lor legal and complionce PToeedvres. We corroborated our &nqviries through review ol boord mlnutes and discussions with Ihose chaTged with govemance. We a55e55 the suscepllbify of the chorills financiol 51olemgnts to moteriol nNsstolement. inclu(fing how Iroud might occur, by discu55ion with mana9&menl from voriou5 parts of the bvsine$5 to urKlerstond where they considered there wa5 a su5ceplibilily to froud. We considered the procedures and controls thol the charity hos e51oblished lo prevent and delecl fravd, and how these cye monitored by management, ond a150 any enh(Ce iisk factors such 05 perfomance laigels. Based on our understanding. we designed our audil procedlffes to Identity any noTrcompliance wth lows ar regulations identified in the paragraphs obove. Poge 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TItUSTEES OF THE ROYAL SOCIEtY FOR THE PREVENTION OF CRUELYY TO ANIMALS . LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH We also performed audit wort over the Ti5k of manogement override of conlTo15, inclvding testing of journal enlries and olhef odjvslmenls for opproprialeness. evaluoling the business rationale of signifieanl Ironsocllons OLrtslde the normol eoutse of busSness ond remewing accounting estimales for bias. Becouse of the inherent limitations of on ovdil. ther& is 0 rigk that wo will not delecl an irregtAoThlies. including those leading lo o mater1 misslalemenl in the finonciol statements or noTrcomplion¢e wlh regulati¢. This risk increases the more Ihol compliance with a law or regulation is removed from the events and Iransaclions reflected in the finonciol Stotemenls. os we wim be less likely to become awore of instances of non<omplic•ice. The risk 15 also greater regording irregulaiwlie5 occurring due to froud rolher Ihon error, 0$ fraud involves inlenthond concealment. l(xgery. collusion. omission or mi5repTe5entation. A further description of ovr respon5ibililies for the audit of Ihe financiol stotements is locoted on the Flnanciol Reporting Covncil's websile ot www.frc.org.vvavdilorsresponsibililies. This descriplion forms part of our Report of Ihe Independent Audilors. ot oui report This report 15 mode soldy lo the chcviV5 Iruslee5, as o body. in occordonce with Port 4 01 the Charities IAccounls and Reportsl Regulations 2CQ8. Our audit work has been undertaken so that we might state lo Ihe chorily's Irusloes those mollers we rfjqvired lo stole lo them in an auditors. report ar)d for no oher purpose. To the fvlle51 exlenl permitled by low, we do nol occepl or assume responsibility lo anyone olher Ihan the charity and the charity's Irv51ees Q5 a body, for ovr oudit work, for thig report. or for the opinions we hove formed. 4c TC Group 31 High View Close Homimon Offico Pork Leicester Leicestershire LE4 9LJ Pogell
THE ROYAL SOCIEIY FOR TrIE PREVENTION OF CRUELTY TO ANIMALS: LEICESTFRSHIRE. PEtERBOROUGH & RUTLAND BRANCH STATEMENT OF FINANCIAL ACTIVITIES For Tho Ye¢x Ended 31 December 2024 2024 Total funds 2023 Total funds as Teslaled Unrestriclod fund Restricted fvnds Note$ INCOME AND ENDOWMENTS FROM Donation5 ond legacies 564,055 1,008 565,063 760.752 Chqrttrablè octlYltl•s Operolion of animal centre 223,074 219.053 442,127 313.180 other trading oclivities Investment income 773,068 35,133 773.068 35,133 647.636 39.674 Total 1.595.330 220.061 1.815,391 1,761.242 EXPENDITURE ON Roising funds 729,215 90,129 819.344 576,506 Charllable actlvNle$ Animal centre cos15 Govemance costs 1,308,530 23.172 98.6(X) 1,407,130 23,172 1,109,326 14.302 Other 10 173,5381 173,5381 Tolal 1,987,379 188,729 2.176,108 1,7(y),134 Net gains on investments 70.289 70,289 55,211 NEf INCOAIE/(EXPENDITVRE) rran5f•rs b•t4¥een funds 1321.7601 188,9611 31.332 88,961 1290,4281 116.319 23 Net movem•nt In funds 1410,7211 120.293 1290,4281 116.319 RECONCIUATION OF FUNDS Tolol funds broughl fofwud 3,316,445 1,983,018 5.299.463 5,183,144 TOTAL FUNDS CARRIED FORWARD 2,905.724 2,103.311 5,009,035 5,299,463 Ihe notes lom port of these finoncial statements Poge 12
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANIMALS . LEICESTERSHIRE. PETERBOROUGH & RufLAND IRANCH bALANCE SHEEr 31 Decemb•r 2024 2024 2023 0$ resfoted Notes FIXED ASSErs Tongible ossels Inve51ment5 16 17 2.406,987 1,049.012 2390,465 940,764 3.d55,999 3,331,9 CURRE14T ASSETS stocks Deblo Cash al bank 18 28,757 1.019,909 701.414 38,200 1.177.265 851.924 1.750.080 2.067,389 CREDITORS Amounls falling due within one yeor 1197.0441 199.1 SS) NEY CURREN[ ASSET5 1.553,036 1.968,234 TOTAL ASSETS Less CURRENI UABILITIES 5.(KV.035 5,299.463 NEf ASSETS 5,(K)9,035 5,299A63 FUNDS UnTe51ricled fund5 Reslricled funds.. Wooclside Veterinary Centre- Rvnning Cos15 Woodside Veterinary Centre Peterborough Bronch 2.905.724 3,316.445 805,488 940.327 357.496 753,678 989,724 239.616 2,103,311 1.983,018 TOTAL FUNDS 5.009.035 5,299A03 The fina cial statemenls w&re opproved by the B¢ord of Trvslees and aulhorised for issve on . ond w?re signed on its behalf by. Mr C Acton- Tru51ee Mr S Kinchington- TFvslee* The note5 lomi part ol these linanciol slatemenls Page 13
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANlhlALS'. LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH CASH FLOW STATEMENT For The Year Ended 31 Decembw 2024 2024 2023 as resloted Nole5 Cash flows trom op•roNng ocllvNles Cash generol8d from operations 169.5831 124.520 Net cash Iu5ed inllprovided by operoling activitie5 (69.5831 124,520 Cash IIow5 from Invesling Ocl10$ Purchase of longible fixed assets Pvrchose of fixed asset investmen15 Sale ol tongible fbxed Ossets Sole of fvLed asset investments Interest received Divider)d5 received 169.6921 1347,9051 1,294 286.572 5.272 20,158 139.1041 1246.2301 5.250 238.735 4,469 25.169 Net cosh used in inve5tirvJ aclivilies 1104.3011 Cash ffiows Irom fIncIng octfvlll•s Unrealised k)ss on investing acllvllSes 23.374 133,2181 Nel cash provided byllused in) financing activitie5 23,374 133,2181 Chonge In cosh and ¢05h eqvfvalents In the repothng pèrfad Cash and cash eqvlvolenls al Ihe be9lnnlng of the reportlng period 1150.5101 79,591 851.924 771333 Cash and cosh eqvlvalents at th• •nd ol the repowling perlod 701.414 851.924 The notes lom part of these finonciol 51olemenls Poge 14
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY 10 ANIMAL5 . LEICESTERSHIRE, PETERBOROVGH & RullAND bRANCH NOTES TO THE CASH FLOW STATEMENr For The Year Ended 31 De¢embw 2024 RECONCIUATION OF NEf {EXPENDITURE)IINCOME 10 NEf CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 as restoted Nel l•xp•ndllvre)Ilncom• forthe reportlng p•rfod las per lh• stolèmènt ol Fln¢n¢lol A¢llvSlle$) Adjustment5 tor Depreciolion charges Goin on investmenfs Profil on di5posd of fixed as5els Inlerest received Dividends received Fixed asset correction Credit Decrease in stocks Decreaselliricreosel in debtors Increase in creditors 1290,4281 116,319 126,708 170,2891 11,2941 15,2721 120,1581 173.5381 9,443 1 $7,356 97,889 111939 121.9931 14.5011 14,4691 125.1691 717 178.9291 29.606 Netr eosh (used In)Iprovlded by operolions 169,5831 124,520 ANALYSIS OF CHANGES IN NET FUND$ Ati.1.24 Cosh flow A131.12.24 Net cash Cash al tsjnk 851,924 11 50,5101 701.414 851,924 1150.5101 701,414 Total 851.924 1150.5101 701,414 The note5 form part ol these finoncial slolemenls Poge IS
THE ROYAL SOCIEYY FOR THE PREVENTION OF CRUELTY TO ANIMALS: LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS For Year Ended 31 Dec•mber 2024 ACCOUNTING POLICIES Bos55 of preporfn9 Ihe flnanclol stotemenls The financiol 5talemgnls of the charity, whlch is a pubfic benefil entity under FRS 102, have been prepared in accorclonce wilh the Chorilies SORP IFRS 1021 'Accounling ond Reporting by Charities.. Slotemenl ol Recommended Practice applicoblg lo ch(7ri1ie5 preparing Ih&ir accoun15 in accordonce with the Financial Reporting Slandard opplicoble in the UK ond RepvtAic ol Ireland IFRS 1021 (effective l Jonuary 20191,, Finonciol Reporting Stondord 102 Yhe Financiol ReFX)rting Slondord applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been propoied under the historical cost convention. with the exceplion ol investments which ore included at morkel volue, 05 modifiod by the revaluation of certain a55els. The chority's functional ond presenlcrtional ¢wency 15 GBP rounded lo the nearest pound. Golng conc•m As al the point of avlhorising Ihe occounts, and for the foreseeable future, Ihe Iruslees consider Ihe going concem assumption to still be appropriole. The Iruslees acknowtedge Ihol given thè currenlty¢ ropidty chonging bv5iness and sociol environment, there ore likety lo be significant unknown factors which may present themselves. Svch laclors are considered by the Iruslees to represent a general inherent level of risk in relation to the going con¢em o55vmplion alb&il not quanliffable al Ihis lime. Incorne All income 15 recognised in the Slolemenl of Financiol Aclivilie5 once the chority hos enlillement lo the nds. it is probable that the income will be receive(l and the C*11 con be measured reliobty. Lega¢Ee3 Income from legocie5 is accounlecl tor onty when the fomowing conditions have been m&1= Tho Bronch has been lormdly notified Ipriu lo Ihe bolonce sheet dole) that an omounl is due., ond - There musl also be o ie050nable certoinly thal the amount VAII be received.- and The amount musl be capable of being reasonab quantif1 prior lo finalisolion of Ihe ovdit. Gllls In Klnd and InfrJnglbl• Income Assets donated lo the Branch lor 115 own use CTe recognised 0$ incoming resources when receivable ond ore record&d ol estimated market value ol the time of receipt. Donation5 of animal food ar$ included in the Slotemenl of Finonciol Activities bosecl on an estimate of the annual consumption requirements ol the Bronch. In respect of goods donoled lor scle through the Charity shops, income is recorded onty ol the lime when Ihe goods ore s01d. The Bronch r&¢eives significonl amount5 of assislonce in the form of OU110ry and Yolunleer help. It is nol possible lo value in mon&lary terms the extent of this as&slonce and accordingty. the intangible income Is not included in the Statement of Financial Aclivilies. Gmnts All grants receivoble are included in the Statement of Financial Aclivilies. wre5peclive ol whether they relate lo the acqui5ilion of fLxed assets. or conlribute lo the operating c0515 of the Branch. The BTanch pijys an annual grant lo Ihe Regional Office ol the RSPCA in order lo as5151 wth the PTomotion of the objectives ol the Branch over an extended gÈogTaphical orgo. Page 16 continued...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS . LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENfs - c¢)nllnu•d For The ye Ended 31 Decembw 2024 ACCOVNTIMG POLICIES- conllnved Exp•ndllvre Liobilllies are recognlsed os expencliture as soon os there is a legal or conslructlve obligalK)n committing the Chority lo that expenditure, il Is probablo that o Ironsler ol gconomic benefils will be r8quir8d in salllsmenl and Ihe omount of th8 obfigalion con be meosured reliobty. Exp8ndilvre is accovnled for on an aeerua15 basis and ha5 been classified under headings that aggregate all cosl related to the colegory. Where c05t5 cannot be directty allribuled lo particulcw headings they have been olocoled lo oclivilies on a basb consislenl wilh the v$e ol resources. Allocaflon and apporllonm•nl of cosls Costs linclvcfing Irrecoverable VAT inpvl taxl ore amocaled between the relevant acllvilles calegorfes 0$ loll¢ws'. Roisng fvnds includes all costs directly related lo the operation of the Branch's charity sh¢Jps and all other fvndraising aclivilies. Animal c6ntre c051$ include al expendilura direclly related to the operation of the Woothide Animal Centre. Goveman¢e ClS includo oll expenditure Telaled lo Ihe generol rvnning of the Bronch Ihol ore not directly related lo either fundroising, or the running of Ihe onimal cenlre. Tonglbl• fix•d a39•ts Depreciolion is provided al the lollowng ontwol roles in order lo vhile off eoch osset over it$ e$moted Useful life. Fieehold property Flxluros ond fitting$ Motor velNcle5 Complrter equipment IO% on cost ond 2% on c05t on cosl and l 0% on cost 25% on cost 20% on cost sto¢k$ stock5 are vdued at Ihe lower of cost and net realisable volue, after making du8 allowance for obsolete and slow moving ilerns. Cost is delemiin8d 1r0 the FIFO mèthod. Taxalkni The charity is exempl from lax on ils choritable oclivities. Fund occounllng UNe51ricled funds con be v5ed in aecordanee with Ihe charitable objectives al the a15CTetion ol the trustees. Reslricled furKls con only be vsed lor pcKtriculor restricted pvrposes wilhin Ihe objed5 of the charity. Restrictions orise when speclfied by Ihe donor or when fund5 are raised lor particular restricted pupose5. Further explanation ot Ihe nature and PLffpose of each fund is included in Ihè notès to thè financiol stotements. Penslon ¢osls ond other post-vdremenl beneffts The charity operate5 a defined contribution pension scheme. Conlribvtions payoble lo Ihe Charity's pery%ion scheme ore charged lo the Stoemenl ol Financial Activities in the period lo which they relate. Page 17 continved...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIPélAiS . LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH NOTES 10 THE FINANCIAL STATEMENTS - contlnued For The Year Ended 31 December 2024 ACCOUNTING POUCIES- conllnu•d Investffnts Inv&slmenls ore included in the flnoncial 51alements ol the lower ol Maet value atr the balance sheel dote and nel r8alisoble value - where thls repre5en15 a permanent diminution in volve. Goins and 1055es on disposol ond revaluation ol irnveslments ol the bolance sheet dole ore charged or credited to Ihe Slolemenl of Financiol Activities. The Branch's main investments lake the fom c>f stocks and shores listed on o recognised stock exchonge and are therefore Subject lo potentiolly signiliconl and vnprediclable flucluolions in value. DONATIONS AND LEGACIES 2024 2023 as reslaled Donations Legacios Gronls Svb5criptions, cdleclion5 and appeols 60,733 346,259 3.421 154,650 358.907 210.803 18.CQO 173,042 565.063 760,752 Included in Ihe above is £928.957 12023= £982.9661 in respect of legacies notified to the Branch. bvl receivoble after th& balance Sheet dale. These have been included 05 income for the year in ord6T to comply with fhe requirement5 of Charity SORP IFRS 1021. The Management Committee would wsh to emphasise Ihot whi151 the legacies comprise a major element of the Branch's iever)ue, they ore inherently vnprediclable as lo both the exlenl and tiffng of receipt. Subscriptions. donolions and collections include £15.00012023: £10.(K)01 in respect of donoted animal food. which hos been e51imaled from the annual consumption requirements of the Branch. Grants received, included in the obove, ore 0$ follows.. 2024 2023 as reslaled other gronts Other grants 18,OCQ 3,421 3,421 18,000 Page 18 continued...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH 140TES TO THE FINANCIAL STATEMENTS - contlnued ForThe Yeor Ended 31 December 2024 OTHER TIADING AcTrvmES 2024 2023 os Teslated Fundraising &ven15 Shop income Wood5ide shop Sales 66,815 571,645 134,608 62,044 437,328 148,264 773.068 647,636 INVESTMENT INCOME 2024 2023 os restated Rents received Dividends received Deposit occounl intefesl 9,703 20,158 5.272 10,036 25,169 4.469 35,133 39,674 Included in investment income obove are rents recewoble from related porties amounting lo £9.703 12023.. £10.0361. INCOME FROM CHARrrABLE ACTivifiES 2024 2023 0$ redaled Activity Animol sdes and cloims Operolion of animol cenlre Boarding fees and 5Lmdrie5 Operolion ol onimol Cenlre Pel insurance commission Operotion of animal c8nlre Sole ol drugs ond medicines 75.361 121926 24.787 94,163 109.570 23,507 Operolion of onimal eenlre 219.053 85.940 442,127 313,iet> Included in boording fee5 obove are fee5 receivable from related Fx]rtie5 crnounling lo £122134 12023.. £103,592). Included in drug5 and m9d1¢S5 obove c¥e lees recelvable from r61oted partie5 amounting to £33,374 12023.. £41,174). Included in lundroising obove are fees receiv0b from rdaled potthes amovnling lo £1,120 12023: £1.3841. Page 19 continued...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: LEICESTERSHIRE. PEfERBOROUGH & RUTLAND BRANCH NOYE5 TO THE FINANCIAL STATEMENTS - ¢ontlnuod For7he Yeor Ended 31 December 2024 RAISING FUNDS Rolslng donallons ond1•gacles 2024 2023 0$ Teslaled Sloff costs Rates and woler Insurance Light and heat Telephone Posloge and 51ationery SundTTes Purchose of good5 lor resale Fundroislng events Shops. travelling expenses Shop rents Shops, repairs ond mainlenonce Shops, bonk ehc¥ges Shop5, cleaning costs Fundraising cosls Dilopidolion5 Depreciation Support cosls 449.737 9.205 4,800 20,011 4.733 1.290 20.980 132.890 16,018 5,564 84,735 21.008 14,715 13.160 305,521 7,764 2.859 11.878 4,674 14,677 120,040 17.618 4,055 63.103 8.074 9,553 7.392 6.523 3.799 819.344 576,Y)6 CHAltnABIE ACTIVITIES COSTS Direct C051s (see nole 81 Suppcrt costs Isee note 91 Totafs Anlmal centre cosls Govemonce cosls 1,350.4(19 56.721 23.172 1,407.130 23,172 1,350,409 79,893 1.430,302 Page 20 continued...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMAL5 . LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH NOTES TO IHE HNANCIAL STATEMENTS . conlInd For The Year Ended 31 December 2024 DIRECT COSTS OF CHARItABLE ACTIVITIES 2024 2023 as reslaled stoff cosls Rotes and woter InSurcce ghl and heol T&lephone Advertising and public relations Sundrie5 Slaff tr(ining staff uniforrns Motcrf ond trovel Drugs, medicines and consLmobles Veterinary fees Animal food Notionol neutering Scheme expenses Repair5 and rTh]inlenance Cleaning expenses Printing and stolionery Bank chorge5 Conleen Computer support and W&b d&v8lopm&nl costs 5e¢urity costs Exfemal boarding costs Dog grooming expendilvre Depre¢iolion L05s on sde of assef5 719.487 6.432 3.25 48,785 9,537 10.109 541.814 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 14,5011 4,238 3.949 11,804 62,778 166.355 31,459 51.873 45.370 9.166 1,539 32.71 6 3.694 119,315 11,2941 1250.409 1.017,235 The Branch participate5 in the national scheme lor neutering stray ¢Mwanled onimols. Th& costs shown above ol £nil12023'. £2821. Ihe Bronch is incPJdecl in a group insuionce scheme whlch Is calculated on o notional basis for al aclivilies under the umbrello of the RSPCA. In oddilion, the Bronch ocquires a range of goods and servi¢e5 from RSPCA He*odquarter5 lin¢LJding drvgs ond medicines) ond 05 resvll beneflls from reduced costs overall du& to th& canlral bulk pvrchosing. The total costs r&chorged lo the Bronch by RSPCA Heodquorters during the yeor ond included in 'Animol Cenlre rvnning c0515" above amounted lo £6,81712023'. £8.4011. Animal Centre runn¢ng costs includes payments arisiro under opefaling leases lor vehicles ond gquipm&nl omounling tg £2,98612023- £2,5]. Page 21 continued...
THE ROYAL SOCIEfY FOR THE PREVEIIFION OF CRUEITY TO ANIMALS .' LEICESTERSHIRE. PETERBOROUGH & RvfLAND BRANCH NOTES TO THE FINANCIAL SIATEMENTS - Contlnued For The Yeai Ended 310ecember 2024 SUPPORT COS7S Governanc co$15 Raising donolions and legacies Animal cenlie cost5 Governance costs 6,523 56,721 23,172 86,416 Support costs. included in the above, are os follows: 2024 2023 os restated Roising donotions and legacies AM01 centre cos15 Govemonce costs Tolol cctivilies Total activities Auditors, remun8rotion Investmenl M(09emernt lee5 Legal and prolessionol lees HR and payToI processing costs Conlribvlions to Reglon HQ18gacy monogement fees 14.090 14,090 15,C(X) 9.082 9.082 10,302 39.594 39.594 52,235 7.886 786 21,337 551 6.523 9,241 15,764 6.968 6.523 56,721 23,172 86,416 106,393 io. OTHER The financiol stotements show o nel credit lo the Slatemenl of Financial Aetivili85 totoling £73.539. Thif frK)s orisen on revw ond reconciliation ol the deloiled fixed asset register lo the amounts recognised on the bdcnce Sheet. Note 15 of the financial statements highlights the adjustment required lo the cost and deprecialion acr05S the various clseS of assets lo bring this in line with iéentilioble assets per Ihe iegisler. AUDITORS. REMUNERATION 2024 2023 os re5toted Fees payable to the charitvs ouditors lor the oudil of the chorifys financial slalements 14.090 15.000 Poge 22 e¢)nlinued...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY ro ANIMALS . LEICESTERSHIRE. PEfERBOROUGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS - contlnv•d For The Y•ar Ended 31 December 2024 12. TRUSTEES. RE4IUNERATION AND BENEFITS There were no Iruslees. remuneration or Clher benefits for the year ended 31 December 2024 nor for the yeor ended 31 D8cember 2023. Trvste•s' •xp•ns•s There were no Iruslees, expenses paid for the year ended 31 December 2024 nor fu Ihe year ended 31 DerTer 2023. Expenses were ielmbursed to members of the Monagement Committee provlded below.TTavelllng eypenses amounting lo £Nil12023.' £Nill. 13. STAFF COSTS 2024 2(Y23 05 resloled Woges ond sdories Social security costs Othei pension costs 1.071.242 77.779 20,203 780.309 52,766 14,260 1.169,224 847,335 The average monthly number of employees during the yeorw05 05 follows- 2024 2023 os reslaled 45 Slaff 58 Ihe number of empbyees whose employee benefits lexcluding employer pension coslsl exceeded £60.((X) wos.. 2024 2023 0$ restated £70.(M)1 . £80,000 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrieled nd Restricted fund5 Total funds as reslaled INCOME AND ENDOWMENTS FROM Donulion5 ond legacies 453,833 306,919 74SO,752 Charable (xmvllies Operation of animd centre 234,723 78.457 313.180 other Iroding oclivilies Inve51m&nl income 647,636 39,674 647,636 39,674 Total 1.375,866 385,376 1,761242 Page 23 continued...
THE ROYAI SOCIETY FOR THE PREVENIION OF CRVELTY TO ANIMALS- LEICESTERSHIRE. PEfERBOROLIGH & RufLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS - contSnued For The Ye¢r End•d 31 Decemb•r 2024 COMPARATIVES FOR THE STAIEMENT OF FINANCIAL ACTMTIES . conllnued Unre51ricled fund Reslricted funds Tolol funés as reslaled EXPENDItURE ON Roi5ing Ivnd5 487.258 89,248 576,506 Charltable acllvllles Animal centre cos15 Govemonce c0515 1,006,012 14202 103,314 1.109.326 14.3Q2 Total 1,507,572 192,562 1.700.134 Nel gains on investments 55,211 55,211 NET INCOME/(EXPENDITURE) TronsleT5 between funds 176,4951 192814 134 116,319 mov•menl In fundj 176,6291 192,948 116,319 RECONCIUATION OF FUNDS Tolol funds brought foTward 3,393.074 1.790,070 5,183,144 TOTAL FUNDS CARRIED FORWARD 3,316.445 1,983,018 5.299.463 15. PRIOR YEAR ADJUSTMENT To beller represent the nalure of the reyaknolion of investments. o rgclossrfication has token ace between Provisions on investments and investment morkel volue. £23,300 ha5 been reaHocated from provisions within the fixed asset investment note lo Moet value within the same note. There hos been no impact on deficil or nel assets. To better represent tha nalure of Income. some reclossilicotions have token place between donolion5 and charilcknle activities. £7,433 ha5 been reollocal&d from donotion5 to choriloble oclivilies. There has been no impocl on the deficit. Page 24 conlinved...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS: LEICESTERSHIRE. PETERBOROUGH & RufLAND BRANCH NOTES TO THE FINANCIAL STAT&VIENTS - contlnuod For The Year Ended 31 December 2024 16. TANGIBLE FIXED ASSETS Fixlure5 and fittin95 Freehold property Motor vehicles Computer equlpment ToloL4 COST Al l January 2024 Additions Disposals Rec1th5fficolitsn 3.382738 1153 267,009 57,444 11.4631 1147.1971 43,977 197,647 10.095 3.891.371 69,692 12.3631 1221,9231 19001 174,7261 At 31 December 2024 3,384.891 175,793 43.077 133.016 3.736.777 DEPRECIAfioN At l Jonuary 2024 Charge for year Eliminated on disposal Recla55iffcalionltran51er 1,125,090 67.366 216,277 28.029 11,4631 1154,2201 32,288 4,709 19001 127,251 26,604 I,SC,906 126,708 12,3631 1295.4611 170,7141 170.5271 Al 31 December 2024 1.121,742 88,623 36,097 83,328 1.329.790 NET BOOK VALUE Al 31 December 2024 2.263.149 87,170 6.980 49,688 2,406,987 Al 31 Decerrt)er 2023 2,257.648 50.732 11,689 70.396 2.390.465 As méntioned in nole 10, the financial statements show o net credit lo the Slolemenl of Financial A¢livitie5 lotdling £73,538. Tris ha5 aiisen on review ond reconciliolion of the detailed fixed asset register lo the amoun15 recognised on the balance sheet. The fixed asset cost hos been reduced by £221,923 and the accumuloted depreciotion redvced by £295,461 lo acoJralely reflect the cost and depreciotn ocross the vorious classe$ of ossets ond bring this in Ine with Identifiab assels per the regi51eT. 17. FIXED ASSET INVESTMENTS Ltsled investment5 Unli51ed inveslmenls Totals laARKET VALUE At l Jonuary 2024 Addilion5 Disposa15 Revolvalion5 938,764 347,905 1216.2831 123,3741 2,0 940.764 347.905 I216,2} 123,3741 At 31 December 2024 1,047.012 1.049,012 NET KIOK VALUE At 31 Oecember 2024 1.047.012 2,WO 1,049,012 Al 31 December 2023 938,764 940.764 Therè wèr& no invèstmènt osset5 outside the UK. Poge 25 conlinved...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS- LEICESTERSHIRE. PETER8OROUGH & RUtLAND BRANCH NOTES TO THE FINANCIAL STATEMENfs - conllnu•d For The Yeor Ended 31 December 2024 FIXED ASSET INVESTMENTS- conllnv•d The Investment portfotio is held by RBC Brewin Dolphin who manage Ihe portfo0 on beholf ol Ihe Bronch. The Monagem&nt Committee Sel overoll inveslmenl F)olicy wP4ch is reviewed on on annual bosis. Indiyiduol inve51menl decisions are detgrmined (]nd implemented by RBC Brewin Ddphin on their own inilialive within Ihe overoll inyestment ond risk profile. The investments ore included in Ihe financial slatèmenls ot their open market valve al the balonce sheet date. Change5 in volves for investments are recognised in the Stolement of Finonciol Activilie5 as'hel gains/llos5esl on inveslmenls". The Mc7nagemenl Committee wsh to empha515e. that the market valuès ol the invèstmènts orè subject to variotion on a doily bosis. The value ot investments can go down as well as up. As at 31 December 2024 the original cost of the inve51men15 was £897.92812023: £764.5271. 18. STOCKS 2024 2023 a5 re5toled Goods for resale Dnjgs, medlcines, con5umable5 and idenlichip blonks 14.378 14.379 16,390 21.810 28,757 38.200 19. DEBTORS: AMOUMYS FALUNG DVE WITHIN ONE YEAR 2024 2023 as re51ol8d Other debtors Legacy income receSvoble VAT Piepcrymenls ond occnJ8d income 6,805 928,957 25.619 58.528 39.506 982,966 10,442 144.351 1,019.909 1.177,265 Page 26 conlinved...
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANIMALS . LEICESTERSHIRE. PETERBOROUGH & RiffLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS - contlnv•d For The Year Ended 31 D•¢gmb•r 2024 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 os reslaled Trode creditors Sociol security and other loxes Other Creditors 119,310 38,023 39,711 57,048 13,737 28.370 197.044 99,155 21. LEASING AGREEMENIS Minimum lease paymenls vnder noTrconcellable operating lease5 fdl due as follows.. 2024 2023 05 re5toted Within one yeor Between one ond five y&aTS 92,866 236,466 39,944 17,830 329,332 57,774 22. ANAIYSIS OF NEI ASSEfs BEfwEEN FUNDS 2024 2023 a5 restoled Total funds Unrestrieled fund Restricted funds Tolol funds FYx8d ass&ls Investments Current assets Currenl fiabilties 1,439.938 374.413 1.288.418 1197.0451 967,049 674.599 461.662 2.406,987 1.049.012 I,7.080 1197,0441 2,390.465 940.764 2,067.389 199,1551 2.905,724 2,103.311 5,009,035 5.299,463 Poge 27 conlinved...
THE ROYAL SOCIEfY FOR THE PREVENTION OF CRUELTY TO ANIMALS .- LEICESTERSHIRE. PEIERBOROUGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS - continv•d For The Year Ended 31 December 2024 23. MOVEMENT IN FUNDS Nel movement in lund5 Tron5fers between funds Al 31.12.24 Al 1.1.24 Uni*$lrf¢led lund5 General fund 3.316,445 1321,7601 188,9611 2.905,724 Restrlcled funds Wood5ide Velellnory Centre- Running C0515 Woodside Velerinory Centre Peleiborough Br¢Jnch 753.678 989.724 239.616 52.823 122.2341 743 805,488 940.327 357,496 127.1631 117,137 1.983,018 31,332 88,961 2.103.311 TOTAL FUNDS 5.299,463 1290,4281 5,009,035 Ng1 movement in funds, included in the above are as folbws: Incoming resources Resources expended Goins ond 10s5es Moverrenl in funds Unrmlikl•d fvnds General fund 1.595,330 11.987.379) 70.289 1321.7601 Restrlcl•d lunds Woodside Velorlnory Centre- RunnirvJ C051s Woodside Veterinary Cenlre Pelerborough Branch 219.318 1166.4951 1222341 52,823 122.2341 743 743 220,061 1188,7291 31.332 TOTAL FUNDS 1.815,391 12,176,108) 70,289 1290,4281 Page 28 continued...
THE ROY AL SOCIETY FOR THE PREVENTION OF CRUELTY TO AN1Ls. LEICESTERSHIRE. PETERBOROVGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS . contlnued F¢r The Year Ended 31 December2024 23. MOV&MENT IN FUNDS- conllnv•d Compaialfv•s for mov•menl In funds Nel movement in ndS TTan5fers between funds At 31.12.23 Ati.1.23 Vnrèstrkt funds General fund 3.393,074 176,4951 11341 3.316.445 IE¢sM¢led funds oodside Veterinary Centre- Running Costs Wood5ide Velerinary Centre Pelerborough 8ranch 812.665 977,405 171.9571 110.9791 275,750 12.970 23,298 136,1341 753.678 989,724 239,616 1,790.070 192,814 134 1,983,018 TOTAL FUNDS 5,183,144 116,319 5.299.4&3 Comparative net movement in nds. included in Ihe obove are a5 lolow5- Incoming Tesovrces Resources expended Gains and losses Mov&mgnl in fvjnds Unreslrfcted funds Genorol fund 1,375,866 11.507,5721 55.211 176,4951 Resliicled fvnds Wood5hle Veterinary Centre- Running Costs Woodside Veleiinary Centre Pelerborovgh Brcnch 109.626 1181,5831 110.9791 171,9571 110,9791 275,750 275,750 385,376 11925621 192.814 TOIAL FUNDS 1,761,242 11.70),1341 55.211 116.319 Woodskle Veterfnary Centre At the start of March 2021 bvilding work commenced on o new velefinary suite ond work was completed during 2022. The majority of Ihe funding lor the vet sute Come from large legacies Ihal were left to the charity so 05 to provide funcllng for th8 project and to provhle income for ongoing tunning costs. A fixed asset fund wa5 e5fabli5hed lo reflect the crying value of th$ blding distinct from the income ond expenditure in relation lo the ongoing running ol the vet 5uiIe. Pelerborovgh Bnch During 2023 the branch took over the aclivitTes of the RSPCA Peterborough Bronch ond the funds remaining in the branch bank accounts were transferred over and form the bvlk of the remair)ing fund afteT dedvcling related expenditure. Page 29 continved...
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS.. LEICESTERSHIRE, PETERBOROUGH & RUTLAND BRANCH NOTES TO THE FINANCIAL STATEMENTS - conllnv•d For The Year Ended 31 December 2024 RELATED PARTY DISCIOSURES e Branch operoles within a national network of sepaTolety Tegislered charitable orgjnisalions that pursu& thè same objectives and which are known collectNe 0$ Ihe Royal 5ociefy foT Ihe PTevenlion ol Cruetty lo Animals. The network comprises o 'bronch" slruclure, with each bronch operoling wthin o defined gaographicol oreo for the purposes of ftjndraising and the provislon ot onimol care locililies and treotments. A regional slruclure also exis15 that is overs88n on o notionol b1$. Triis stwclvrg provides a team ol speciolisl Inspe¢tors ond co-ordinale5 the poficies and objectives of the branche5, Represenlalwes of the bronch&5. regional and national organi5alions meet on an annuol basis as a forum lo Consider al i5sves affecting animal welfore and lo dgvglop policies for the tUre pursvit of their common oims. The gronch a150 has lin with other organisotions commilled to Ihe some objeclives. In the opinion of lhe Manogemenl Committee Iwhlisl aCknedging the structure within which th Bronch operalesl the Leicesler5hire. Peletborou9h & Rulland Bronch Is on independent orgonisotio and is theTefore not Under the control ol ony other entity. 25. POST BALANCE SHEEI EVENTS After the year end, Ihe chority RSPCA Lelcestehlre, Pelerborough & Rutland Branch Set up a *rading 5ubsidiory colled RSPCA Woodside Tran9 Limited in May 2025. The Irode ol Ihe shops ond vet centre hos been tronsferred lo the subsidiary compony, thorefore leaving the chaiilable aclivilies Wthin the RSPCA Leicestershire, Pelerborovgh & Rvlland BTonch. Page 30
THE ROYAL SOCIETY FOR THE PREVENlloN OF CRUELTY TO ANIMALS .' LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH DETAILED STATEMENT OF FINANCIAL AciivmES For The Year Ended 31 December 2024 2024 2023 0$ restoted IMCOME AND ENDOWMENrs DonaNons and l•go¢l•$ Donolion5 Legacies Gronls Svb5criplions. collection5 and appea15 60.7 346,259 3,421 154.6Xt 358.907 210.803 18.000 173.042 565.0 760.752 othw hadlng actfvWb•s Fundraising &v¢nt5 Shop income Woodside Shop sales 66.815 571.645 134,8)8 62,044 437,328 148.264 773.068 647.636 Inv•ilm•nl Incom• Rents receNed Dividends received Deposil occount interwl 9,703 20.158 5.272 10.036 25,169 4.469 35.1 39,674 ¢11110b1* ¢¢liYHI•s Animol soles and cloin Boarding lees and sundries Pel insurance commission Sole of dwgs and mediclnes 75,361 122,926 24,787 219,053 94.163 109.570 23.507 85,940 442,127 313,180 Total Incomlng resovrces 1,815.391 1,761.242 EXPENDJTURE Ra151ng donallons and legacles Wages Sociol securlty Pensions Rates ond water In5uronce ghl and hèat Telephone Postage and statiorry Sundries Carried forward 412.990 29,033 7.714 9,205 4.8QX) 20.011 4,733 1,290 20,980 510,756 283.528 17.168 4,825 7,764 2,859 11.878 4,674 2,880 14.677 350.253 This page does not fDrm part of the slalvtory firKJncial slal&m&nl$ Page 31
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS- LEICESTERSHIRE. PETERBOROUGH & RlJtLAND BRANCH DEfAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2024 2024 2023 as restoled Rc151ng donallons and legocl•i Brovghl lorword Pvrchose of goods fesole Fundraising events Shops, Iravelling expansas Shop rent5 Shops. repairs and maintenance ShDPS' bonk chorges Shops, cleorwng c051s Fundroising cost5 Dilapidations Shops. depreciotion 510,756 132,890 16.018 5.564 84,735 21,008 14.715 13.160 350,253 120,040 17,618 4.055 63,103 8,074 9,553 6.583 7,392 3,799 812A21 576.506 Chorlt¢ble ocllvllle5 Wages Social security Pensions Rotes ond woFer In5vrance Light and heal T&lephone Adverli5ing ond publc relations Sundries Slott Iroining Sloll vniloms Molor ond Iiavel Owv95, ffledicines and con5umable5 Veterinary fee5 Animal lood National neutering scham& expenses Repoirs ond mointenonce Clecming expenses Printing and stati¢ery Bank chuges Canleen Computer support and Web dévelopment costs Securify c05t5 EKlemal boarding costs Dog gr¢Joming expenditure Desyeciotion ol tangible fixed g55els Loss on sale of lowible fvAed assets 658.252 48,746 12,489 6,432 3.252 48.785 9,537 10,109 8.534 4.238 3,949 11,804 62,778 166.355 31,459 496.781 35.598 9.435 2.236 6,906 41.422 9,140 7,216 14,373 16,798 2,249 15,929 ,730 19.287 19.687 28 54.498 41,168 8,857 3,646 3,080 51.873 45,370 9.166 1.539 32.716 3.694 31.788 3.070 3,134 286 109.140 119,315 11,2941 I,3,40? 1,017.235 Exceplionol items 173.5381 Ihis page does not fonn pcrtr of the slalutory financial stotemenls Page 32
THE ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO AP41MALS: LEICESTERSHIRE. PETERBOROUGH & RUTLAND BRANCH DETAILED STATEMENT OF FINANCIAL ACTIVIIIES For The Yeor Ended 31 December 2024 2024 2023 os resloled Support costs Governance costs Auditors. remuneration Investment management f995 Legol ond professional Ipe5 HR aThY payroll proce55ing c0515 Conlfibulions lo Region HQ legacy mona9ement lees 14.090 15,OCK¥ 10.302 52.235 21.337 551 6.968 39,594 7.886 15,764 86,416 106,393 Total re501xces expended 2.176,108 1,700,134 Nel (exp•ndllwel/lncomtr b•l¢r• golns und losse5 1360,7171 61,108 Reallsed recognlsèd golns and loss Realised gains/llos5851 on fixed as5el investments 70.289 21,993 N•1 (•xp•ndllure)fincome 1290.4281 83,101 This page does not lomi part of the slatulory financial slotemenls Page 33