Charify reglstratlon number 225S75 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH LEGAL AND ADMINISTRATIVE INFORMATION frustg&s V A8pey C Hariis E Lindsay C Watkinson L J Fisher S Cordingley J Brimble Mr M D Williams Ms J Evan5 (Appointed 13 April 20231 (Appointed 9 March 20231 Senior managgment Russell Kebble Vanessa Mtsrtimer Claire Kendall Jo Scott Lauren Moore Branch Manager IResigned February 20241 Finance Manager Animal Cèntre Manager Chaiily Shop Area Manager Fundr2ising Mariager Charlty nuTnb8r 225575 Auditor 8K PlusAudil Lirnited 52 Sl Johns Lan8 Halifax Wesl Yorkshire England HX12BW RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH CONTENTS Page Trustees report Independent audilols report 10- 13 Staletnent ol financial activities 14 Balance sheet Stalemenl gf cash flows 16 Note5 lo the financial statements 17-32 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present Iheir annual report and fin8n¢ial statements loi the yèar ended 31 Deoernbei 2Q23. Th$ financial 818letnEnls have been prepared in accordance with the accounting policies sel out in note 1 to the financial statemeNI8 and comply with tho charily's IgoveTning doeumenll, the Charitie5 Act 2011 and "Acetsunling and Reporting by Charities.. Slalèment ol Recommended Practice 8pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iraland IFRS 102} lèffective 1 January 20191. Objectives and actlvities The object of the Blanch is lo promote the work and objectives of the National Society within the Branch aréa of Halifax. Huddersfield and Bradlord. namely to use all lawful means to prevent cruelly, promote kindness to and alleviate the suffering of animals. The Branch gives priority lo those anima15 Wlth a genuing welfare need 8$ identified by memb8rs ol Ihe RSPCA inspecloiate. Such aTrim8ls may be the subject of an ongoing case or may have been removed with the consent of an owner ullable to rneel the animal's welfare nseds. These animals gre subject lo appropriale vetertnary Ireatmenl. rehabililalion and rehoming under the direction of thè 8[a￿ch'S animal ¢are staff. Prior lo 18homing all animals are neutered and microchipped. The Branch also operates a low-cost neuleiing scheme and a welfare assistance scheme lo provide financial support to those members ol the public on qualifying benefits. staff are assisted in this work by a dedicated team of volLEnlèers wilhoul whose help we could not provide the level of service or volurne of work we achieve. Public benefil All charities in England & Wales musl have charllable airns that arè for the public benefit. 11 is not enough Ihal the RSPCA'S work benefits animals. ln deciding what activilies Ihe BT8nch should undertake, we have complied wilh thè duty undei ltte Charities Act 2Q11 to have due regard lo public beneh't guidanc8 published by the Charities Commission. Richard Martin, one of the RSPCA'S founders, identified the Society's prime aim as being to allei thE moral feelings ol the country. He recognisecl that taking care ol animals is an essential part of any civilisalion. This still resonates today. Preventing cruelty to animals promotes hurnane sentiments towards animals in humankind which involves moral benefit lo the human community as a whole. Whilst Ihis public bènèfit is clear il is dilficult to quantify and must be balanced against any delrimenl. The 8ranch's animal welfare work, although local in natu￿, benefits S￿letY at large, and also Aims to help people in need wilh the care of their animals. The next section tsf this report highlights th& Branch's main 8clivities and demotnslfates the benefil provided to the PLSblic. All our charitable a¢livi(ie5 focus on promoting kindness and preventing QT suppressing cruelly lo animals and are undertaken to further these purposes for the public benefit. Volunt8grs The walue of volunteèrs, time is not included within these account8, we have benefited from 411 volunteers ￿thIn our charity shops and fundraising network, who contributed 27,175 hours in 2023 across our network of shops. Of this voluntéèr total the Animal Cenlre h8d approximately 193 volunteers who worked 11,240 hours in 2023. RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aohievement5 and performance Significanl aGfrvilies and achievements against objeclives Chalys Overvi8w 2023 We began the ypar with the continuing irnpacl of the energy crisis cre8t6d by the war in Ukraine and its effect on the cost of living, and the accompanying need lor ffnancial support amongst some ol the public in Caring for Ihèir animals. This has continL¢ed throughout this year and is only just now appearing to lev61 out and perhaps begin lo ease. Inspectors continue lo try to treat more animals in situ., however, there remain large numbers of animals in lempDf2ry accorntnodalion, awaiting space in kennels in RSPCA branches lor rehabilitation and rehoming. The Branch is also continuing to extend our behavioural aclivilies to includ6 cats and overall lo ensure we oblain better rehomsng results foi all our anim81s. Compared wilh last year we have takèn in 428 animals 12022.. 4261, rehomed 379 {2022". 3511 and helped 447 12022". 4391 to rèceive welfare assistance. At the end ol December 2023 there were 68 animals in our care 12022.701. Trading in our Charity shops was affÉeted by the economic 8ltualion. but W8 ￿corded 8 small incr88s6 in income at £1,375,03212022'. £1,364.5361 and generated a net profil of £309,97412022". 371.7991. We sold 335,000 ilerns in lolal. slighlly fewtsr ￿mpa￿ed with 357,000 Items in 2022, bul ol higher individual value. This result seems lo beal out the Con￿rn l eKprèssed last year when commenting on the economic situation and ils impact on relall, in th8t although Charity shops offer opportunity for customers to buy al lowei priTrs, those customers may instead have decided lo just ulilise their existing items for1onger. Online sales continue to be 3 focus for polential growth, bul this has be8n held back by the need to find mole suitable accommodation for an effeclive op$ration. We hope to have this in place in Ihe near future and lo be able lo build that outlet in the remaindeT of 2024. Fundraising is always a focus., we continue to rely significantly on dtsnations and legacies lo fund our actwilies and this year that incorll& was down on 2022. There is rnore and more eompelilion lor these c(>ntribulions from othef charities so one ol our key actions IOT this year is to ensure Qui message is reaching potential donors and supporters through the vaiious media. ITr addition, our tearn have undertaken events all around our area which have been well supported and enjoyed by Ihose who allended as well as conlrtbuling lo our income. The possibility of a new Animal Cenlre site was mentioned last year, bul Ihe particular sile we had beèn pursuing fell through due to concerns on both cost and feasibilily. However. we are putting togelhei a new and exciting plan based on our existing sile in Wade Street which we hope to be able tts bring you news ol very soon. More iecently, our Branch Manager left us in February 2024 and we are currently considering how lo replace him, as the role is likely lo change in view of the above. As a result, the Trustees have risèn lo the Ghallenge artd are taking the opportunity to work with key s13ff and Stakeholders to refocus our 5tialegy and ensure the organisaliL>n is in the best position lo itllplemenl our plans foi the future. As always, thanks are due to 80 many people In achieving our ros￿11$ this year and in continuing 10 make the Branch a success.. Thanks lo our amazing staff the Animal Centre team, our Fundraisers, those wnning our Charity Shops and the key suppori staff who handle all the administration and finance none ol this would be possible wilhout the hugè knowledge and commilmenl they bring to their ioles., RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Thanks again to Ouf equally amazing volunteers we were assislEd by 218 volunteers in Fundraising and Charity Shops and 193 In the Animal Centre during 2023 IhÈir help has been invaluable, and they bring so much to the success of Cpur activities. Thanks loo, lo our support6rs- all those who offer US SUPPOrt in other ways, not lust by the wtsnderful donations we rec8ive, bul providing information and feedback and letting us know that our effor15 are appreciated and worthwhile. Not least, I musl mèntion our TIu5tees- after reporting last year Ihal Laura-Jane Fisher wasloavifjg us. l am happy to say that we persLJaded her to stay and she has been a huge support this year. Julie Evans Michael Williams joined the Board too 8nd have made their presEnce fell very positively. We continue lo search lor suitable nEW applicants who can offei us their specialist skills, experience and advieé at Trustee level, and lo Increase our nutnbers as our activities grow. Carol Wglkinson Chair of TFUStees Statistics 111 ANIMALS IN BRANCH CARE 11.11 Al start of the ygar Animal Centre Foster Care Private Bosrding Veterinary Clinic I hospital Balance at start of month Do Cal Rabbit Misc Total 11.21 INTAKE category Inspeclorate-case animals Inspeclorate-welfare Concein Inspeclorale-N8tworked from PBE I society hospital Branch welfare concern Welfare CDncem via NCC Home for Life & born in bfanch care Transfers IN - other RSPCA Returns Tolal IN- welfare reasons Do Cal Rabbit Misc Tolal 29. Total IN- non-welfare (1.31 Anlmals OUT Reason for leavin Do C81 R&bbil Misc Total Rehomed Died Transfers OUT-Olher RSPCA Transfers OUT-Non-RSPCA other PTS Total out 209 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ststistlcs- continued 11.41 Animals PTS In branch care Reason Vel Adviee Animal's best interest Aggression Behavioural Unwanledlunhomed Orphaned Feral Legal Total Do Cal 25 Rabbit Misc Tol81 11.51 In care at year end Anirnal Centre Foster Care Private Boarding Veterinary Clinic I hospital Balance at end ol month Do Cat Rabbil MISG rot81 11.6) Length of Stay No. of non.case animals 0-3 months 4-6 months Over 6 months Total Cat Rabbil Misc Tolal No. ofcase anlmals 121 Homevisltlng Do C8t Rabbit Mlsc Total Pre-home visits Posl-home visits 31 Neutering Cal Rabbit Misc Total Branch animals Other RSPCA animals Publlc l other owned clinic Public l other owned - other Total 53 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Statistics- contlnued 41 Welfare Asslstance Ivetorlnary carel Do Cal Rabb Miso Total Other RSPCA animals Inon-branchl Public l other owned - clinic Public l other owned - Dlher Sub~Total PTS al owner's insistence (51 Mlcrochlpplng Do Rabbffl Misc Total Branch Animals Other RSPCA anlmals Public l other owned- dinic Public l other owned . other Total 16IFlnanclal Support for animal welfar8 actlvities RSPCA regional schemes Other RSPCA branches Other animal welfare ch8rilies T(>tal £ 171 Feral Cats No. of Feral cats neutered & released Flnanclal revÉ•w The financial posilitsn of Ihe charity al the year ended 31 December 2023 is detailéd below.. The total incoming resources for the year were £2.378,969 12022.. £2,849,119) including legacies of £530.645 {2022. £988,740). expenditure was £2,170,413 {2022'. £1,991,849), with nel gain on investments of £28,061 12022.. £25,490 lossl, resulting in 8 net SUTplus ol the year 01 £236,61712022-. £831,780). The co81 of maintaining the animal welfare opeialion. providing appmpriale levels of ¢are and rehabilitatioll lor animals awaiting rehoming and undertaking prtractive animal welfare in the local community meant Ihal the Branch spent £961,72612022., £851,0111 on charitable activities during the year. Support costs including salary costs lor Ihe branch manager and finance tèam and audit costs totalled £107.489 12022 . £IQ4,6881, The charity shops network brought in sales and related income of £1,375.032 12022." £1.364,5361 ag8inst expefiditure of £1,065.058 12022. £992.7371, yielding a nel contribution to the charitable activities 01 £309.974 12022.. £371,799) over the year. RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Rese￿￿$ policy Al the end of the year Ihe Branch held an accurnu181ed fund of £4,729,12712022.. £4,492,509) of which £2,000.000 {2022.' £1,976,915) has been designated by the Tiuslees as a sep8rale fund to go towArds the song term aim ol opening a nèw out.ol-lown allimal ￿rnIT￿. The designated fund brought forward of £1.978,915, relatin9 to the new animal centre, has been fedueed by costs in th8 year of £3,6g6, bul added to by Iransfeis frtsm unreslrl¢ted funds of £26,781. The trustees have also established Iwo further designated funds, for potential redundancy liabilily costs as calculated al the year-end of £127.344 and for lease commilm8nts held al the year-end lup to break dales) of £291.574. The Trustees have reviewed the Branch reserves policy and agreed the following." the Branch holds ¥e5erves in order that levels ol service provided for animal welfare rnay be maintained should theie be a 18duction in in¢Dming resources, this should be equivalent lo belween 6-12 tnonths expendilurE reserves in Ih5s context should mean lunds that are freely avai18blè lor Ihe Bianch's general purposes aftèr all commitments have been met The Trustees therefore agre&d lo exclude tangible fixed assets such as property. vehicles and equipm8nl together wilh any restricted or designated funds held by the Branch from the Calculation of gèneral reserves. 2023 2022 Total reserves Less .' Tangible fixed 8ssets lunrestricledl Less .' Designated fund - New Animal Centfe Les5 ." Designated fund - Leases Les8 ." Desigllaled fund - Redundancy 4,729,127 1472,531) I2,￿0.000) 1291,5741 1127.3441 4,492.509 {502.2221 11.976,9151 1337,8191 1113,8741 1,837,678 1,561,679 The Branch therefore held some £1,837,67812022 £1,561,679) in available, 'freè', ¥eserv¢s at the year end. Such general reserves represent approximately 10.2 months expenditure based on 2023 lèvels tsf expenditure {2022.' 9.4 months). Thi5 level of rèseNes 18lls within the Iruslees desired range of 6-12 months. Principal funding sourGes The principal sourcès ol funding foi the charlly are legacy Incorne, donations from the public and income from th8 netwtsrk of charity shops. RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2023 Investment policy The charity has established a formal investment p￿icy, as datèd 19 March 2024. The policy is lor long term reserv6s lo be invested lo grow over a 3 to 5 year period al a largel rale ol above thè rate of inflation. The shtsrt-term ￿serVeS should b8 invested emph85i5ing certainly of value and should equate lo 6 10 12 months of general operating costs Wilh the objeclive to geneiale a rate of return of above Ihe ratè of inflation and to Provide funds lor c8Pltal developrnent project8, whllsl preservirtg capital value 8nd minimising risk, capital volatility cannot be loleraled, Assets should also be r88dily available to meet unanli¢ipated cashflow rèquirements. The Chaiity is commilted lo ensuring that investments are made in a responsible manner. The Policy seeks to ensure that a balance is struck belween our investment aitns and our chaiitable aim lo support animal welfare. The Brafjch's policy aims to follow National Society guidance on ethical investments. The Board ol Trustee5 has delegalod investment decisions lo the Flnance Commillee. SnvestmÉnt managem¢nt is delegated lo Eastwood Financial ServiGes, an indepèndent financial services adviser ￿9￿lated by the FSA. structure. governance and management The RSPCA Halifax, Huddersfield, Bradloid & District Branch Ilhe Branch) is Constituted as a charilablo unincorporated association and i# governed by the RSPCA Br8nch Rules las rèvised Jalluary 20121. The Branch adopts the policies ol the Royal Society for Ihe Prevention of Cruelly to Animals Ilhe National So¢ietyl, but has been a separately regislered charity since 1963 in accordance with the Chafilies Act 1960. Constllution The chaiity is governéd by a Committee elected from arnongst Ihe Branch membership 81 each Annual General Meeting lo manage the affalrs ol th8 Blanch lor the ensuing year. The Committe8 must consist ol a minimum of seven and not more than fourteen èlected members and h88 the power to co-opt a further three msmbers who shall be Trustees ol the Blanch until the next Annual Genéral Meeling. The officers of the Branch are appointed frotn amongst the Commiltee and shall. as a minimum. consist of a Chairperson, Secretary and Treasurer all serving in an honorary capacity. The ¢harity Iiustsas have individual and collective responsibility for the management of the Branch and ils funds. Subject to Ihe overall supervision of the National Society, thè Committee controls and monitors all the fundraising and animal welfare ini1181ives undertaken by the Branch. Th8 Iiustees who served during the year and up to the date of signature of the financial statements weie.. T Bray FCA (Resigned 13 JLJne 20231 V Aspey l Harrls-Denoon C Harris E Lindsay C Walkinson L J Fisher S Cordtngley H Satloka J Brimble Mr M D Williams Ms J Evans (Resigned 13 June 20231 (Resigned 13 June 20231 {Appoint6d 13 April 20231 (Appointed 9 March 20231 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Roles of ltystées The following honorary roles were held by IIu5tees during th$ year.. C Watkinson J Brimble S Gordingley V Aspey Honorary Chair Honorary Vi¢¢ Chair Honorary Treasurei Honorary Secrelary Organisatiorpal struclure The Branch Manager, acting on the authority of the truslee board and spècifically accountable lo one of 11$ trustees, monages the Bfanctt on a day ID day b3Sl8 through the senior management team who a18 accountable lo him. He also contributes to the strategic thinking and developtnenl within the Branch, The administration ol the Branch and the operation ol the animal re-homing, wèllaie neul8ring and welfare assistance schèmes are mainly eonducled from the Branch Snimal centre in Wade Streèt, Halifax. The Branch runs a network ol ten charily shops supported by 8 Charity shops aroa manager. The charity shops sell mainly second-hand goods donated by the public lo raise lunds for the Branch's charitable activities. The charity also has ils shop at the animal centie. selling new animal related goods. The Branch works closely with staff from the National Society Headquatlers and RÉgional He8d4uarters and in particular RSPCA Inspectors and Animal Rescue Officers in pursuit ol the charity's objectives. Remuneraliort policy The key managem8nt personnel ol the charity, along wilh the bo8rd of trustees, have be8n identified as those staff in cha¥ge of d￿reCtIng and controlling the charity and running and operating the Gharity on a day to day basis. All trustees give of their lime freely and no trustee remuneration was paid in the year Olhermatlers Risk manBgemenl The Branch has a risk man2gemenl strategy, which comprises.. an annual review Df the risks the charity may face the establishment ol systems and procedures to wiligate those risks identified the implem6ntalion of procedures to minimise the potelllial irnpacl on th8 charity should those risks aterialise The Trusteés have identified six main areas of ￿sk and these are.. Ioss of reputation through error or fraud loss ol income through error or fraud loss of incorH8 through pool investment performance insufficient Iruslèes for the Branch lo conllnue insufficienl volunteers for lundraising activities insuffic18nt fund5 to cover the wsts of animal welfare activilles The Tiustees have implemented an ongoing review Of the Branch's policies, procodures at)d controls to ensufe that these are adequate lo tniligale the main identified risks, RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH TRUSTEES REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 ststement of trust••s responsibilTrties The trustees ale responsible for preparing the Trustees Report and the f1nancial statements in accordance with applicable law and Uniled Kingdorn Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and W81es requires the trustees lo prepare financi81 statements lor each financial year which give a true and lair view ol the stale ol affairs of the charity and ol the incorning iesources and application of resources of the ch8riiy ror ihai ye81. In preparing these financial stalernenls. the trustees 8re required lo.. select suitable accounting policies and then apply them consistently., observe the methods and principle8 in the Charities SORP.. make judgements and e81imates that are rgasonable and prudent., stale whether applicable accounting standards hav& been followed, subject lo any material departures disdosed and explained in the financial slalemenls", and prepare the financial statements on the going Concern basis unless it is inappropriate lo presume thal the ch8rily will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with re8sonable accuracy at any time the financial positson of the charity and enable them to ensure that the finallcial statements comply with the Charities Act 2011. the Chaiity (Accounts and Reports) Regulations 2008 and the provision5 of the Irust de8d. They 8re also responsible for safeguarding the 8s5els ol the charity and hence for taking reasonable step8 lor the prèvention and detection of fraud and other irregularities. The trustees report was approved by the Board of Trustees. S Coidingley Trugtee Date.. RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH Opinion We have audited the financial statements ol RSPCA Halifax. Huddersfield, Bradford & Dislrid 8ranch Ilhe 'charily'l IOT the year ended 31 December 2023 which comprise the slalement ol financial activities, tho balance sheel, the statement of cash flows and notes to the financial statements, induding significant accounting policies. The financial reportin9 ffamework that has been applied in their preparation 18 applicable law and United Kingdom Accounting Standards, including Financial Reportlnu Standard 102 The Financial R8POrting Slandard applicable in th8 LJK and Republic of I￿land (United Kingdom Genèrally Accepted Accounting Practice). In our opinion. the financial statements.. give a true and lair view of the slate of the eharily's affairs as at 31 Dec8tllber 2023 and of its incoming resources alld application of resources. for the yèar then ellded.. have been properly piep8red in acwrdance with United Kingdom Generally Accepted Ac¢ounling Practice,. and have been prepared in accordance with the requiremen15 of the Charities Act 2011. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and ap￿1¢able law. Our iespDnsibililies under those standards arè further described the Aijditorfs ￿spOnsibl11110s for the audil ol the financial slalemonts section of our report. We are independent of the cttarily in accordance with thè ethical requiiements that are rel¢vant lo our audit of the finanGial slalements in the UK. including the FRC'S Ethical Standaid. and the provisions available for small enlilies, irF the circumstances sel out in note 28 to the financial slalemenls, and we have lullilled our other elhi¢g1 responsibili118s In accordance with Ihese requirements. We believe that the audit evldence we have obtained is suffiGient and appropriate to provide 8 basis for our opinlon. Conclusions rèlatlng to golng concern In auditing the financial statements, we have concluded that the Iruslees use ol the going concern basis of 8ccounting in the preparation ol the financial slaleménls is appropiiale. Based on the work we have performed, we have not idenlified any material unc¢rtainties relating to évents or conditions that, individually or collectively, may casl significant doubl on the charily's ability to continue as a going concèrn lor a periLxI of al least twelve months from when thè financial slalements are aulhorisèd for issue. Our responsibilities and the responsibilities ol the truslees with respect to going concern are described in the relevant sedions ol this report. other informatlon The other information cotnprises the information illcluded In the annu81 report other than thè financial slalgrnents and our audito¢s report Iheieon. The trusteès are responsible for the other inloifflation containèd within the anrTrual report. Our opinion on the financial slalemenls dDes not cover the other inloTm81ion and we do not oxpress any foirn of assurance conclusion thereon. Our fesponsibility Is lo read the other information and, in doing so. consider whèther the other informalion is m8lerially inconsistent with the financial statements or our knowledge obtained in th¢ course ol Ihe audit, or othetwise appears lo be materially misstated. 11 we identify $u¢h material inconsistencies 01 apparent rnaterial misslalefflenls, we are required lo determine wh8ther this give5 fase lo a material misstatement in the financial sl8l&ments Ihemselv8s. If, based on the work we have performed. we conclude that there is a material misslalerNenl of thi5 olher information, we are iequired to report that lacl. We have nolhlng to report in tl)is regard. fjo- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH Mattèrs on which wè ar6 required to report by exceptlon We have nothin9 to feport in iespect of the following mallers in relation to which the Charities IA¢¢ounls and R8POrtsl RegulalioTrs 2006 require u5 to report lo you if. in our opinion., the infoimalion given in the financial slalernents is inconsislenl in any material respect with th8 trustees ieport", or sufficient accounting records have not been kept", or the financial statements ale nol in agreement with the accounting records.. or we havo nol received 911 th6 informalioll and explanations we require lor Qui audit. Responsibllltlgj of trustees As explained mt)re fully in the slatement ol Iruslees responsibilities, the Iruslees are respDnsible for thè preparation of the financial s18letnent5 ancl for being satisfied th81 they give a true and lair view, and for such internal conlrol as the Iru5tè6s determine 15 necessary to Énable the preparation of financial statements that arè free from material misstatement, whether du¢ to fraud or error. In preparing the financial slalemeDt5, the trustees are responsible lor assessing the Gharily s ability to continue as a gDing concem, disclosing, as applicable, matters ieSated lo going concern an4J using the going coNc8rn basis of 8¢counting unles5 the tiustees either intend lo cease operations, or hav¢ no ￿alist[C alt&rn8tive bul to do so. Auditor'$ r?sptsnslbilities for the audit of the financial Slatemerbts We have been appointed as audilor under seclion 144 01 the Charities Ad 2011 and re￿rt in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtsin reasonable assuran￿ about whether the financial slalements as a whole ale free from material misstatement, wh6ther due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level ol assurance but is not 8 guarantee Ihsl an aud￿1 conducted in accordance with ISAS IUKI will always dtrlect a material tnisstatemenl when it exists. Misstatèments can arise from fraud or eiior and ar8 considered material il. Individually or in the aggregate, Ihey could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial st8temenls. The exlenl lo which our procedures are capable of detecting irregularities, inclu¢Jing fraud. is detailed below. A further description of our responsibilities is available on the Financial Reporting Coullcil's website al.. hllps'.11 www frc.org.uklaudilorsresponsibilitie3. This description foims part of our audilor's report. 11 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH INDEPENDENT AUDITOR'S REPORT (CONTINUED> TO THE TRUSTEES OF RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH Other matters Our approach lo identifying and assessing the risk8 01 material rnissiatemenl in respect ol irre9ularities, including fraud and non-compliance with laws and regulaliollg, was as follows: The engagement partner ensuièd that the gngagemenl le8m collectively had the appropriate compelence, capabilities and skills lo identify or ieeognise non-cotnpliance with applicable laws and rÈgulation8'. We identified the laws and regulations applicable to thè company through discussions with direclors and other man39ement, and frorn our commercial knowledge and experience of the ¢nduslry sector.. We focused on specific Saws and regulation5 which we considered may have a direct rnaleiial effect on the rinancial 51alemellts or the operations ol the company. including the Cofflpanies Act 2006, laxatio legislation and dala protection. anli-bribery, employment, environmental and health and safely legislation", We assessed the extent of Compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence,. and nsured laws and règulalions were communicated within the audit lÈam regularty and the team remained alert to instances of non-¢omp118nce throughout the audit. We assessed the Susceplibilily of the compally 5 financial statèménls to mater¢al mi5Staternent, including obtaining an und8rstanding of how fraud might occur, by.. Making enquiries ol managernenl as lo where they considered there was a susceptsbillly lo fraud, Ih8if knowledge ol actual, suspected and alleged fraud., Consldering the inlèrnal controls in place lo mitigate risks ol fraud and non-compliance with laws and regul8tions". and Understanding the design of the company's remuneration policies. To Address the ri8k of fraud through management bias and override of controls, we.. Performed analytical procedures lo identify any unusual or unexp8ct8d relationships.. Tested Journal entri85 to identify unusual transactions Assessed whether judgements and as5UWPtions made in detèrmining the accounting estimates set out in nole 2 were indicative of potential bias. and Invosli9ated the rationale behind significant or unusual transactions. In response to the risks of irregularities and non-compliance with laws and regulations, we designed procedures which induded. bul were not limiled to.. Agre8ing Iinancial slalemenl disclosures to underlying supporiing documenlalion., Reading the minutes of meetings of those charged wilh governance.. Enquiring of management as lo actual and potential liligalion and claims,. and Reviewing correspc>ndencé with HMRC, relevant regulators and the cornpany's 18gal advisors. There ale inherent limitations in our audit procedures described above The more removed that laws and regulations ale from the financial transactions, the less likely il is that we would become aware ol non-cotllpliance. Auditing slandaids also limit the gudit procedu185 required to identify non-compliancé with laws and regulations lo enquiry of the directors and other management and th8 inspection of regulatory and legal corie5pondence, if 8ny. Material misstatements thai arise due lo fraud can be harder lo delect than those that arise from eiror as they may involve delibeiate concealment or collusion. 12 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH U$• of our report This report 18 made solgly to the company's tnembers, as a body. in accordance with seclion 391 of the Companies Act 2014. Our audit work ha5 been undertaken so that we mighl slate lo the company s members those mallors we are réquired lo sl8le to them in an audilorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or a55ume responsibility to anyone other Ihan the Company and the company's members as a body, for our audit work, for this report, or for the opinif)ns we have formed. Victoria Atkinson FCA Isenior Statutory Auditor) for and on behalf of BK Plus Audit Limited CHARTERED CERTIF5ED ACCOUNTANT Statutory Audllor 52 Sl Johns Lan8 Halifax Vvest Yorkshiie England HX12BW BK Plus Audil Limiled is eligible for appointment as auditor ol th8 charity by virtue ol its eligibility for appointmenl as auditor of a company under section 1212 of the Companies Act 2006. 13- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted funds 2023 Unrestricted funds 2022 Notes Income from: Donations and legacies Charitable activities Other trading activili¥$ Inveslments 641,684 192,549 1,494,120 50,616 1,197,816 153,260 1,483,472 14,571 Total incom* 2,378.969 2,849.119 Expendlture on.. Ra15ing funds Charitable adivilies Prowision ol animal welfare setvices 1,098,526 1,036,250 1,089,215 955.599 Other expènditure 13 2,672 Total expendlture 2,170,413 1.991,849 Net gainslllossesl on investments 14 28,061 125,490 Net in¢ome and mov8mènt In funds 236,617 831,780 Reeonci1Satlon of funds.. Fund balan¢es at 1 January 2023 4,492,510 3,660,729 Fund balances at 31 D8cember 2023 4,729,127 4,492.509 The sl8t8ment of financial oclivities includes all gkins and losses iecognised in the year. All income and expenditure derive from continuing aclwitie8. Thè notes on pages 17 10 32 form parl of these financial slatemenls. 14 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Not•s Fixèd assets Tangible assets Investment 16 17 472,531 1,673,843 502,222 1,645,782 2.146,374 2.148.004 Current assets Stocks Debtors Cash at bank and in hand 18 19 31,246 416,952 2,232,497 29,030 1,107,965 1,314,235 2,680,695 2,451,230 Creditors.. amounts falllng due within one year 21 197,9421 1106,7241 Net ¢urrent assets 2,582,753 2,344,506 Total assets lèss current liabilltl8s 4.729,127 4,492.510 Net assets exeludlng pension liablllty 4,729,127 4,492,510 Thè funds of the eharlty UTrrcstricted funda 4,729,127 4.492.509 4,729,127 4,492,509 The notes on pages 17 10 32 fom) part of these fin8ncial slalemenls. The financial $18lements were approved by the trustees on 3.0./ r/. ?0 2 L.. Cd.r.C.. ' S Cordingley Trustee 15- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flowB from operating acllvitl95 Cash generated from opèrations 26 870,939 520.877 Investing a¢tivitles Purchase of tangible fixed assets Investtment income rèceived 13,2931 50.616 168,5971 14,571 Not cash genèrated fromllused Inl Investing activities 47,323 154,0261 Net cash usèd in financing activitles Net Increase in cash and cash equivalents 918,262 466,851 Cash and cash equivalents at b8ginning ol yèar 1.314,235 847,384 Cash and cash equivalefits at end of y*ar 2,232,497 1,314,235 The notes on pages 17 lo 32 form part of thesè financial slatemenls. 16 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng poli¢19$ Chority information RSPCA Halifax. Huddérsfield, Bradlord & D1Strict Branch is an incorporated charity, regisleied with Ihe Chaflty Commission on 31 October 1963. 1.1 A¢¢ounting Convention The financial slatemenls hav6 been prepared in accordan¢e wllh the chartty's Igciverning documentl, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in Ihe LIK and Republio of Ireland I'FRS 102,1 and the Charities SORP "Accounting and Reporting by Chaiities.. Slatemenl ol Recommendèd Practice applicable lo charities preparing their accounts in aGc0[dan￿ with thè Financial Reporting Standard appli¢ab1e in the UK and Republic ol Ireland IFRS 1021 {effective 1 January 2C)191. The Qhaiity is a Public Benefit Enlity as defined by FRS 102. The financial slalements are prepared in sterling. which is the functional currency of the charity. Monetary amounts in these linaficial statements are rounded lo the nearest £. The financi81 stalemenls have beèn prepared under the historic81 eosl convention, Imodified lo Include Ihe rewalualion ol freehold properties and lo include investment propertie5 and certain fillaneial inslrurnen15 at fair valuel. The princip81 accounting policies adDpled are set out below. 1.2 Golng concern Al the lime ol approving the financial slalemenls, the Irusle85 have a reasonable expeclalion that the charity has adequalo resources lo continue in opefalional existence for the foreseeable lulure Thus the Iruslees continue to adopt the going concern basis ol accounting in preparing the financial st8temenls. 1.3 Charltable funds Unrestricted funds Bre available for use at the discretion of the trustees in furtherance ol Iheir charitable objedives. Designated funds arè those specifi¢ally ringfenced by the trustee5 foi particular aclwilies. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted fund5 are sel out in the note8 lo Ihe financial statements. Endowment funds are subjecl to specific condition5 by donors th81 the capital rnusl be maintained by the ch8fily. 1.4 Income Incotne is recogniged when the charity is lega51y enlilled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable Ihal income will be received. Cash donations are r&cognised on receipt. Other donations are recognised once Ihe charity has been notified of the donation, unlo$s performan￿ condilions require deferral of the amount. Income tax recoverable In relation to donations received under Gift Aid or deeds ol covenant is recognised al the tim8 ol the donation. Leg8cies are recogllis¢d on re￿Ipl or otherwise il the Ghaiily has bèen notified ol an impending distribution, the amount is known. and ieceipt is expÈcled. If the atnount is not known. the legacy is treated as a contingent asset. Legacies received via the Branch Legacy Scheme are shown gross. without deduction ol the scherne costs, Ihe associated charges are shown within c051s ol fundraisin9 activities. 17 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Aceountlng policie$ Contlnued) 1.5 Expenditure Expenditure is recognised once Ihere is a legal 01 conslwctive oblig81ion to Iransfer economic b8nefit to a third parly. il is probable that a Iransler ol economic benefits will be required in 5eltlement, and the amount of the obligation can be mèasured reliably, Expendtture is dassified by a¢tlvity. The costs of each aetivily are made up of the lolal of dir8Ct eosls and shared costs, including support Costs involved in undertaking each activity Direct eosts allribulable lo a single activity are 8lloeated directly to that activity. Shared co81$ which conliibut8 to more than one aclivily and support costs whioh are nol atlribkjlable to a single activity ale apportioned belween those activities on a basis consistent with the use of resources. Central staff costs are allocated on the b8sis ol time spent, and d8precialion charges are allocated on the portion ol the asset's u$8. 1.6 Tangible flx•d assets Tangible fixed as5els arè initially mea8Ulgd 81 cost and subsequently measured at Cost or valuation, net of depreciatitsn and any impairment losses. 11 is Ihe policy ol the charity to capilalise assels costing in excess of £500. Depreciation is recognised so as lo write off the cost or valuation ol assets less their residual values over Iheir useful lives on the following bases.. Freehold land and buildings Leasehold improvoments Fixtures and fittings Computers Motor vehicles 2.5°/D on Cost 20°k on cost and over Ihe ren78inittg life ol the lease 20.kn on cost and over the remaining life of the lease 33% on cost The gain or loss arising on the disposal of an assel is determined as Ihe difference between the sale proceed6 and Ihe cairying value of the 8$sel, and is recognised in the statement of linancial aclivilies. 1.7 Fixed as$et investments Fixed asset investmen18 8f8 Initially measured at transaction piice excluding Iransaclion ¢o$ls, and are subsequently measured at f8ir value at each reporting dale. Changes in fair value are recognised in nel incomellexpendilurel for the year. Transaction costs ale expensed as incurred. 1.8 ImpaiTmènt of fixed assets Al e3ch ieporting end date, the cha¥ily revi8w8 the carrying amounts of ils tangible a888ts to determine whether Ih8re 15 8ny indication th81 Ihose assets have suffèred an irnpaiirnenl loss. 11 any such indication exists, the recov81able amount of the 85set is estimated in order to determine the exlenl ol the impairment loss lif any). 1.9 Sto¢k$ Stocks are slated at the lower of cost and eslimaled selling price légs costs to complet¢ and sell. Cost comprises direct Materials and, where applicable. direct labour costs and those overheads Ihal have been incurred in bringing the stocks lo their piesent location and condition. Items held for distribution 81 no or nomlnal consideration a¥È measured the lowe¥ of repla￿ment cost and cost. Donated goods received by the charity's shop llètwork, for resale. are not valued within the financial statements, as it is not practical or possible lo reliably measure the value of thi5 Stock at the yeai end. 18 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting pollcles Icontlnuedl 1.1Q Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm Ilquid investments with original malurilies of thfee months or less, and bank ovèrdrafts. Bank oveidrafts are shown within borrowings in ¢Ufrenl liabilities. 1.11 Flnancial Instruments The oharity has elected to apply the provisions ol Section 11 'Basic Financial Inslrumenls. and Seclion 12 'Other Financial Instruments Issues, of f RS 102 to all ol its linanaal instruments. Financial instruments are ￿cogniSed in the chaiily's balance sheet when the charity becomes party lo tho contractual prowi8ion8 ol the instrument. Financial 88sets and liabilitlgs 8r8 offset, with the nel amounts presènted in the financial statements, when there is a legally enforceable right to set off the recogni5ed amounts and there is an inl8nlion to settle on a nel bagis or lo realise the asset and settle the liability simullaNèously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances, gre inilially measured at transaction price including transaction costs and are subsequenlly carried al amortlsed c05t using Ihe effèctive interest molhod unless the arrangement conslilutes a financing transaction. where Ihe Irans8clI(>n Is measured al the present value ol the futu¥e receipts discounted al a markel rate of interest. Financi81 asse15 classified as receivable within one ya8r are not amortised. Basic financlal Ilabilities Basic financial liabilitie5. including creditors and bank loans are initially recognised 81 Iiansaction pric8 unless the arrangèment conslilules a financing transaction, where the debt inslrurnent is measured at the present value of the future payments discounted at a market late ol interest. Financial liabilities classified as payab10 wilhin one year ale not amortised. Debt Instruments are subsequently carried al arnortised cost, using Ihe effective interest rate method. Trade Qredilors are obligations lo pay foi goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as curfenl liabilities if payrnenl is due within one year or less. 11 not, they are presented as non-currenl liabilities. Trade creditors are recogllised initially at transaction price and subsequently measured at amortlsed cost using the effective interest method. D&recognltlon of financial Itabilities Financial liabilities are derewgnised when the charity's conlraGlual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused holiday entitlement is recognis8d in the per￿d in which the employee's sérvices are received. Termination benefits are recognl$$d immediately as an expense when the charity is demonstrably commrtted to lerminatÉ the employment of an etnployee or to pmvide termination benefits. 1.13 Retlrement benefit$ Payments to defined contribution retirement benefil schemes are charged as an expense as they fall due. 19 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Critical accountlng estimates and judgements In the application ol the charity s accounting policies, the Ilustees are required lo make judg8ments, eslimales and a88umplions about the carrying amount ol assels and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other la¢lors that arè considered lo be relevant. Actual results may d￿ffer fmm these estimates. The estimates and undérlying assumptions are reviewed on an on90ing basis. Revisi()ns to accounling eslimales are recognised in Ihe period in which the estim81¢ is revised wherè the revision affects only that period, or in the period ol the revision and fuluré periods where the revision affecls bolh current and future peiiods. Income from donation8 •nd legacles Unr68tricled funds 2023 Unrestrlcted funds 2022 Donations and gifts Legacies receivable Grants receivable 99,289 530,645 31.750 172,459 988.740 36,617 641.684 1,197,818 Grants recelvab19 for core activities Community Foundation for CaldeTdalè Kickstart RSPCA- Regional Board Sundry small grants 1,400 19,607 15,325 285 11,750 11,750 36,617 Bran¢h legacy Schemè The charity is a member of Ihe Branch legacy scheme, which was established with the object of assisting branches ol Ihe RSPCA in maximising the amount they receive from bequests made directly to them, by using the knowledg8 of the legacy depatltllent of the Nalional Sociely lo handle the adminislralion on behalf of the Branch_ The National Society makes an administration charge of 3°h of the value ol the bequest lo Ihe Branch prior lo remitting payment. 20- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charltaljle activitlas Unrèstrlcted funds 2023 Unrpstrlcted funds 2022 Provlslon of anlmal welfare servlce Insp8Ctors and boarding income Animal adoption income Commission re¢elved Animal Cenlie shop sales income Drugs rebate income Dog training income Other income 30.748 38,744 13,653 1 Q4,734 2,737 1,893 40 23,835 25,258 16,518 82.618 3,283 1,542 192,549 153,260 Income fiom other trading a¢tlvltle8 Unr65tricted Unrestricted fund$ fLtnds 2023 2022 Fundraising events and costs Charily shops fncome 119.088 1,375,032 118.936 1,364.536 Other trading aclivilie8 1,494,120 1,483,472 Income from Investments Unrestrlcted Uni*strlcted fund funds 2023 2022 Dividends 8nd interest received on investments Inlefest received on short térm deposits 13,636 36,980 11,761 2,810 50,616 14,571 21 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditurè on raising funds Unrestrlcled Unfestricted funds funds 2023 2022 Fundraising and publlcity Branch Legacy Scheme charge5 Fundraisillg events costs 26.923 8,545 36,888 6,625 33,468 43,513 Trading costs Charity shop operating cos18 Charity shop staff costs 414,829 850,429 395,750 596,967 1,065,058 992,737 Tolal costs 1,098,526 1,038,250 -22- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on ¢harltable activitiès Provision of Provision of animal animal welfare welfare sèrvices servlces 2023 2022 Direct costs Staff ¢osts Depreciation and impairment Animal centre costs Premises costs Motor costs Staff costs Olher VoluNleer costs Office costs Irrecover8bl6 VAT Mainlen8n¢e costs Bank charges and fees EARS grants paid Piofe5sional fees 568,590 15,516 219,01 37,183 4,913 13,695 97 22.286 29,776 31,247 5,607 3,645 10.155 475,869 22,855 183,043 29.668 9,725 7.929 33 28,07J 41,279 31,570 4,565 3,654 12,751 961,726 851.011 Share of support •nd governance costs (see nole 91 Support 107,489 104,588 1,069,215 955,599 An•lysls by fund Unrestricted funds- general 1,069,215 955.599 Support costs allo¢3ted to actSvitlgS 2023 2022 Staff costs Depreciation Computer repairs and mainlenance Governance costs 76,015 3,206 20,703 7,565 81,939 1.165 14,303 7,160 107,489 1 Q4,587 Analysed be￿en.. Provision ol animal welfare services 107,489 104,588 -23- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Net movement in fund8 2023 2022 The nel movement in funds is slated after chargingllcredilingl.. Fees payable for the audil of the charity's financial slalernEnls Depreciation ol owned tangible fixed assets Loss on disposal ol tangible fixed assets 7,565 30,309 2,672 7,180 34,916 11 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits from the oharity during the year. 12 Employee$ The avÈra9e monlhty number of employees during thè year was.. 2023 Number 2022 Number Animal Cenlre Charity Shops Branch Office Ilnduding fundraising) 20 33 22 32 Total 60 60 Employment ¢osts 2023 2022 Wages and salaries Social security costs Other pension eosts 1,189,891 80,717 24,426 1,060,025 73,835 21,135 1,295.034 1,154,795 There w8ie no employees whose annual rèmuneration was more than £eO,000. Remuneratlon of kèy management personnel The remuneration of key m8nagemenl personnel was as follows.. 2023 2022 Aggr&gate compensation 175,817 165,796 .24- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECENqBER 2023 13 Other expendittjre Unrestrictèd Unrestricted fund funds 2023 2022 Netloss on disposal of tangible fixed assets 2,672 14 Gain$ and lossos on Investments Unrestricted Unrèstricted fund8 funds 2023 2022 Gains/llosses} ari8ing on.. Revaluation ol investments 28.061 125,4901 IS Taxation The charity Ès exempl frcvn taxation on ils act￿￿14e$ beoau5e all its income 15 applied for charitable purposes. 16 Tangiblè fixed asset5 Freehold land Leasèhold Flxture5 and and bulldlngs Improv0mertlS fittlnys Compdtér6 Molor ¥8hlclgs Total Cost or valuat(on At 1 J8ntsary 2023 AdditlDns Disposals 425,000 226,347 e6.241 119,297 3,292 12.1941 71,947 908,832 3,293 19,5561 12,2891 15,0731 At 31 December 2023 425.000 224,058 61,168 120,396 71,947 902,569 Depreciatlon and Impairment At 1 JanLiary 2023 Depreciation oharged in the y8ar Eliminated In respect of disposals 31.875 158.323 43,002 107,793 67,619 406,612 10,625 9.485 4.184 4,933 1,082 30,309 11,4751 13,4101 11.9981 16,8831 At 31 December 2023 42,500 164,333 43,776 110,728 68,701 430,038 Carrylng amount Al 31 December 2023 382,500 59,725 17,392 9,668 3,246 472,531 Al 31 December 2022 393,125 70,028 23,239 11,504 4,328 502,222 25- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 31 DECEMBER 2023 16 Tanglble fixed as¥g18 Icontlnuedl Land and bulldings with a carrying amount of £382,50C> wèie revalued al 1 August 2019 by Walker Sing18ton Chartered SutveyDrs, independent valuers not connected with the charily on thè basis of rnaiket value. The valualson confoiffls lo Internation81 Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. At 31 December 2023, had the revalued assets been carried al historic cost less accumulated depreciation and accumulated impairment105s¢s, their carrying amount would have been approximately £188,04312022 £203,475). 17 Fixèd asset inv*stments Investments and Dep051ts Cost or valuation Al l January 2023 Valualion changes 1,645,782 19,069 Al 31 December 2023 1,664,851 Carrying amount Al 31 December 2023 1,664,851 Al 31 December 2022 1.645,782 18 sto¢k$ 2023 2022 Finished goods and goods for resale 31.246 29,030 Stocks include animal rel3led produc15 IfeEd, toys. equipment) and veterinary supplies, held by the charily at the yeaf end. 19 Dobtors 2023 2022 Amounts falling due within one year.. Trade debtors Olhei debtois Prepayrllenls and accrued income 10,975 14,127 391,850 18.451 21,420 1.068,094 4t6,952 1,107.965 -26- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEM8ER 2023 20 Finance lease obligatlons Future minimum lease payrner415 due under finance leases.. 2023 2022 Within one year WithiN two and live years 1146,0121 1145,5611 1160.6041 1177,2151 1291,5731 1337,8191 Lease commitments ar8 made up of., Land and Buildi commitments related to the charlly branch office and Gharity shcTrP ret811 premises amoL*nting lo £283,636 Other er leases commitments related to office equipment amounting to £7,937 21 Creditors.. amounts lalllng due wlthln one year 2023 2022 Othei taxation and social security Trade C￿dE10[$ Accruals and deferred incomè 19,697 61,071 17.174 33,250 53,405 20,06g 97,942 106,724 22 Retlrement b•neflt schemes 2023 2022 Defined eontributlon schemes Charge lo profit or loss rèspect ol d8filled contribution schem83 24,426 21,135 The charity Operates a defined contribution pensicTrn sch8me for all qualifying employees. The assets ol the 8cheme are held separately fiom those of the charity in an independently administered fund. 27 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 23 Unr•$idct•d fuThJs The unr8strlciEdfunds dthe ¢haiitycotnpiisethpun$xpend¢d balaneesoldon8iionsand granlswhi¢h aig Dotsubjecito specfflc Condit￿￿5 bydonors 9￿9T￿l0168￿ io ii?y may be used. Th8Eé Include dES￿￿81¢dI￿nJS￿*1rh h*¥e been£g1 uluniÈsirl¢ted lunds bythB Ilus*e$lor 5petrfi¢ PWPOS9S. Transforg Gai*S and los￿& Atl JNnuary 2023 In£offling R•fjourceS rqsovrtes qXPon(S•Q DqG¥mb¢r 202J OBs19Thè16d Fulld-Anim*Cenlie Des10Th31ea Fund- ￿￿e8 DÈSignaiea FuTrd- Redund4tKy D¥S￿￿ated Fvnd- kev*ual￿n Ggnéra1 tunds IA6961 2.0￿.{ 291,574 337.819 1482451 13.470 t75.23D 2.378.969 28.Q61 2,fj34.57 4.492,51Q 2.378,e69 28.061 PMVIOU9 yg&r. At l JanuAry 2022 Incomlng R8BOUrt¢9 ppnded Tr4nsf•rs GAln5 and Ioss08 Dpcèmbgr 2022 08gi9nAie# FJnd-AnMnal ¢ent 1.986,458 482,822 IlQ7 175,230 8è8.5t4 111.5431 1.976.915 DE5i9n&iÉd Fund RÈdundan¢y D￿s19￿ale& FUrtd- Reval￿911 17$.2 11.*0.3O81 149.834 125.4901 3,W.729 2,849,119 11,991.84*1 4.492,509 28- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMÉNTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 23 Unw91d¢tsd funds Iconiiwudl d.An C8ntr The ifusleg5 have desIgnAl￿ £?fflflomunresi(￿Ért rese￿￿5. IOWaTd¥th& hm9 krm4lmof8cqU￿1fft9afi￿WsIle1¢1tn•8TrIrn* tsnire. A6 at 31112122 È23.085 ol this luha hed bethi wpertded on Inve$iryalNe &nd Pfeparattsy In 8 new Btte. leaving a bal&Thce brought iDrwèffl of tt.97fj.915. DunnglheyeO1 l03fj￿12123 alurthere3,696 ha5 b￿￿expendEd piaMin9wuk. Ip&¥iftg c8rne4knrword of£1.973,219. ThÈ trusie8$ havp mad•the 10 iftcrea$8ih8designaled Mnd ba¢k 10£2m. haveffladè a￿￿5[￿[[10￿u￿￿s1rI￿ed lunds o12%.781 at•d Furtd- Thtiiu$tees hA¥e d9$vJna￿d£291.57￿dt1hg yiai end. I￿ardS thefulurè ¢o8t coThmiimèni$, rdyled iothech*ityolFicvaiwJ iwo11 werri9¢B. atgd F danc Iha lTrJ51è85 have d8li)naied £127.S44 atihè yeEf end, lowaidslhecU(r6Tht redundÉfKy W$lforlh2 Stènt?￿￿48at 31112tt3. This Is on Ihe ba6i8of log obli9atiolls. bul no lorrTral liability ￿l$le4 ¥lthB wrend. Thetrusiees have desijrnaied thg 08ln on the Skte aiwnding Po￿%, relali¥¢l¢thé yain shownonie¥alu*ion in 2012. 29- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Analysls of net assèts between funds Unr￿tricted funds 2023 At 31 December 2023: Tangible assets Inveslmenls Current assetsllliabililies) 472,531 1.673,843 2,582,753 4,729.127 Unrestricted funds 2022 At 31 December 2022.. Tangible asset5 Invegtmenls Current assetsllliabililiesl 502,222 1,645,782 2,344,506 4,492,510 Por balance sheet 8alance to allocatè 4.492,509 25 Related party transactions Transaetlons with related partles During the year the Charity entered Ihe following Ir8nsaclions with r£l8tèd parties.. Salè of goods 2023 Purcha$& of good8 2023 2022 2022 Olhei related parties 36,298 30,194 33,488 34,997 36,298 30.194 33,488 34,997 Legaelès ￿ceived in year 2023 2022 2023 2022 Other related partl8g 1,116,304 211.240 1,116,304 211,240 -30- RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 25 Related party transactions IContinu&dl The following amounts were outstanding at the reporting end dale.. Amounts owed to rèlated parties 2023 2022 Olher related parties 5,802 5.284 175,817 165.796 The following amounts wer& outstanding at Ihe rèporting end dale.. Amounts owed by related Amounts owed by related parties parties 2023 2022 Balance Balance Nèt N¢t Other related partles 248,965 248,965 961,641 g61.641 248,965 248.965 1,641 981,641 Related parties disclosed above are RSPCA he8d office and other Branches, the Gharily, is also a regional member of the National RSPGA Society, and transacts wfth the National Society in regards lo both the receipt ol goods and services and in Ihe sale ol goods and servicè. The National Society also administers the Branch legacy scheme, which oveisees and rnanages legacies due lo individual branches, remilt8nTrs are Iran8ferr8d to the Br3nGh, once received by National Society. 31 RSPCA HALIFAX, HUDDERSFIELD, BRADFORD & DISTRICT BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 26 Cash generated from op8ratlons 2023 2022 Surplus for the year 236,617 831,780 Adjustments for.. Investment incom8 recognised in statement of financial activities Los5 on disposal ol tangible fixÈd assets Fair value gains and10sses on investments Depreciation and impairment ol tangible flxed assels 150.6161 2,672 128,0611 30,310 114,5711 25.490 34.917 Movements in working capital.. Ilncreasel in Stocks Decreasellincieasel in debtors IDecreasellincrease in creililors 12,2161 691,015 {8,7821 13.3031 1406,092} 52,856 Ca8h generated from operatlon8 870,939 520,877 27 Analysis gf changes in net fund The ch8rlly had no ￿at￿rIal debt dvring the year. 28 Non-audit services provided by auditor In common with many businesses ol our size and nature we use our auditor lo assist with the preparation of the financial 812temenls, -32-