RSPCA BURY & OLDHAM BRANCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Charity regislrallon number 226624
RSPCA BURY & OLDHAM BRANCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D H8igh Mr C Peart Mrs D Peart Ms S M Paterson Mrs K Jakeman Ms S Lunn (Appointed 25 June 2024} Charity number {England and Wales) 226624 Audltor Champion Accounlanls LLP 7-9 Slalion Road Heskelh Bank Preston Lancashire PR4 6SN
RSPCA BURY & OLDHAM BRANCH CONTENTS Pago Trustees, report statement of liuslees, responsibililios Independent auditor's report 8-10 statemenl of financial activities Balance sheet 13 Statement of cash flows 14 Notes to the financial statements 15-26
RSPCA BURY & OLDHAM BRANCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present Ihelr arbnual report and financial statements for the year ended 31 December 2024. The financial slatemenls have been prepared in accordance wilh the accounting policies sel out In note 1 to the financial slalemenls and comply with the chaiily's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland" and the Charities SORP "AccoLJnling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}". Obl8¢tlves and actlvltles The Charity's objectives are lo promote the work and objeclives of the RSPCA in their Branch area. Namely to use all lawful means lo prevent cruelly, promote kindness lo and alleviate suffering of animals. The Trustees have reviewed the outcomes and achievements of our objectives and aclivilies for the year to ensure that they remain focussed on our charitable aims and continue lo deliver benefits lo the public. We have complied with the dLJly under the Charities Act 2006 to have due regard lo public benefit guidance published by the Commission. The Trustees have paid due regard lo guidance issued by the Charity Commission irb deciding what adivilies the Charity should undertake. Publlc beneflt The Trustees have reviewed our objectives and activities for the year lo ensure Ihal they remain focused on our charitable aims and continue lo deliver benefits lo the public. We consider we have complied with the duly under the Charities A¢1 2011 to have due regard to the guidance on publi¢ benefit published by the Charity Commission and that the Charity's activities as described below have mel the Charity Commissiorb's requirements. Achlevements and performan¢e Charltable actlvltles Animal welfare The Animal Centre al Slrinesdale, Holgale Street, Oldham OL4 2JW has had 8 rnuch beller year than 2023 as we were once again able lo recommence animal welfare activities ulilising the on-site veterinary facilities al the Animal Cenlre. Given an improving financial position, we w&re able lo hire an additional member of staff lo support clinical activities as well as formalise a conlraclual agreement with the on sile vel. All clinics were oversubscribed and if lunds were available, we would be able lo carry out these serViS tenfold. )al allowed this reopening was the leasing of Ihe callery lo Cats Protection which has now been operational since 2024. The revenue from this has shored up our financial position and has allowed us lo fund this work which look place throughout the calendar year. A furthering of this partnership is expected in 2025 as Cats Proleclion wishes to arrange a formal conlracl for on-slle wellare provision. The leasing airangemenl has been slgned for three years giving much needed level financial security. We have been able lo promote the Anlmal Centre Manager Vikkl to the position of Branch Manager, and she now overseos the entire branch operation as well as supervising clinical aclivilies. Her performance in the role during 2024 has been exemplary and we thank Vlkki for remaining loyal to the branch during what has been a very dilficult period. Finally, there has been publicity of the reopening of our animal welfare and support a¢livilies via local press and social media, and we have been delighted lo see some of the individual financial contributions restart directly to the branch. Retall Opgratlons The work undertaken by Carl Roberts conlinugs lo implement the retail strategy, and we have segn turnover improve and underperformance of individual stores be tackled. Retail performance is up over 2023, and eBay activity continues lo grow. The Trustees continue to be very proud and extremely gialeful lo all our retail staff for their support.
RSPCA BURY & OLDHAM BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We did not expand our retail operation as happened in 2023 preferring instead lo focus allenlion on those stores we had and not spread the fixed level of support loo thinly. The two shops opened in 2023 continue lo rfOrM well in what remains a Challenging high street. Profitability al an individual shop level remains critical and continual cost ieviews and shopping around for the best available deals for services and ulililies ensures we have a close cost control on the conlribulions each store is making to the overall operation. Donations into our stores is a Cfilical factor in our ability to b& profitable and these continue from the public, somelhing we are very grateful for. We take a balanced view when reviewing store p&rforman¢e as some may not be as profitable bul are very lucrative in terms of donation level and quality. Volunteers We are also exiremely indebted. as always, lo the volunteers who stjpport the Branch. As planned with the eopening of the callery via the Cats Protection parlnership we were able lo invite back volunteers lo rejoin the animal centre volunteering programme. The support of oui volunteers in our retail network has been instrumental in enabling us to keep our staffing costs under control and we will continue this push going forward. Wilhoul these volunteers the Branch would be unable lo run smoothly and lo undertake the amount of work Currently achieved. This year the Charity had many volunteers each donating Ihelr personal lime and commitment. In lolal we had 19,302 hours of 8UPPOrt provided by volunteers. Key Performance Indlcators The Tiuslees monitor a range of key performance indicators al the monthly Trustees meetings. This helps lo assess the financial performance of the Branch and effectiveness ol ou¥ activities against largels sel for the year. The indicators monitored include thè following.. Key Performance Indicator Retail Income Gift Aid recovered Retail Volunteer Hours nimals Rehomed nimals Neulered Animals Microchipped Animal Welfare Assistance 2023 £741,287 £62,214 17,213 29 29 28 2024 £893.723 £62,010 19.302 670 564 356 Flnanclal revlew Flnanclal positlon The financial slalemenls are as PTesented on pages 8 to 23 inclusive. Prlnclpal fundlng sources The principal funding source available lo the Charity during the year has continued to be our charity shop network and from September 2024 from the lease revenue with Cal Protection. Investment pollcy and oblectlves As at 31st December 2024, the branch investment pollcy was- Following the volatility in the stock market the majority of branch funds should be held in cash invested. when appropriate, in longer term high interest deposit accounts or on the money market. Our current resources are invested in a NalWe8t Reserye Aunt. a Nalwest Business Account with a small amount retained in a Slrinesdale Fund account.
RSPCA BURY & OLDHAM BRANCH TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 ReseN&8 poIIcy The branch usually holds reserves in order that levels of service provlded for animal welfare may be mainlalned should there be a reduction in incoming reserves. The Iruslees propose lo maintain the charily's reseNes al a level which is al least equivalent lo 3 month's operational expenditure and have done so having regards lo ils manner ol operation of likely funding streams. Reserves in this context mean funds that are freely available lor the Branch's general purpose after all commitments have been mel. Tangible fixed assets such as property, vehicles and equipment are therefore excluded from the calcijlalion of branch reserves. An unexpected hil on the resetves ol the branch was continuing air conditioning breakdowns which rL)sl us several thousand pounds bul had lo be done to ensure optimal lemperalure for animals in our care. The Branch has tJnreslri¢led reserves of £218,854, after designating amounts already lied uplspenl on fixed assets, for the year ending 31st December 2024. Such reserves represent around 2.8 months expenditure based on 2024 expenditure levels, including fundraising co8t8. Reslricled reserves of £3,000 relate lo a grant for veleiinarian equipment to be spent in 2025. Flnanclal Stablllty The ongoing Cost of maintaining our Animal Centre ¢onlinues lo be funded from our retail income, Ihe Cats Protection leasing agreeFnenl, our own resetves as needed and fundraising, when possible. The Trustees and senlor management team will ensure that the Branch continues in 2025 to have slfong financial management lo meet this additional financial challenge and lo ensure that the Branch remains financially viable wilhoul relian on legacy Income by the following means.. Eliminate waste and unnecessary expentliluie Close unprofitable shopslor shops not fil for purpose Open new shops with potential lo increase revenue Focus on profitable sales {furnilure & eleclri¢al items) Look al new ways to generate s8le8 Increase gift aided sales Establish and mainlain a healthy portfolio of regular monthly donors Strengthen links wlh the COTporale sector
RSPCA BURY & OLDHAM BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for fulur& perlods Our objectives al a high level for 2025 are extend anirnal welfare activity under our RSPCA li¢en¢e continue and look for opportunities to extend the close working partnership with Cats Protection Relain our focus on retail operations being our key revenue stream, look to extend where suitable Income Generatlon and Fundralsing The Branch strategy continues to be that we are financially viable wilhoul reliance on unpredictable legacy income. Income largels for 2024 increased. bul once again so did operating costs, the minimum wage rose again (and will again in 20251 and the unprediclabllily of electricity ulilily costs continues to dominate. All of this is expected to continue in 2025. We continue lo be grateful for the flexibility of our staff and volunteers and recognise that against this backdrop there were some excellent performan8 from some individual shops. We will continue lo examine profilabilily on a shop-by-shop basis, and will lake decisions to close, relocate or commence new oullels as appropriate. We wlll also use any retail profil over and above targel lo upgrade and rebrand the shops the Branch decides to relain in line with the new RSPCA brandin9 for which we can also receive Nation81 Society support. The Retail Operations Manager will continue lo closely manage performance and ensure all shop managers have the training and opportunity to fulfil their polenlial. As alway8, a key priority is to increase the numbeis of volunteers in the shops lo support paid colleagues and to recruit additional Truslegs especially with experience and skills in finance and commerce. working with volunteers, PR and marketlng. Structure. governance and management The charity is controlled by ils governing document, a deed of trust, and conslilules and unincorporated charity. The Iruslees ¥Nho serve(J during the year and up lo the dale of signature of the financlal slalemenls were.. Mr D Haigh Mr C Peart Mrs D Peart Mr T Jones Ms S M Paterson Mrs K Jakeman Ms S Lunn (Resigned 25 June 20241 {Appolnled 25 June 20241 Recrultment and appolntment of new trustees The Board of Trustees feviews the ski118 and expertise on the Board at annual strategy events. Any gaps identified may be specifically re¢ruiled for by placlng advertisements in the Branch charity shops. the local press, RSPCA websites or by word of mouth. Applicants are interviewed by al least 2 members of the Board of Trustees and 51 successful ale invited to allend up to 3 Board meetings as observers after which time they may be irwited lo fill a casual vacancy, be co-opted or be invited lo sland for election al the nexlAGM. Trustee appointments are made in accordance with the 2012 Branch rules. A mSnimum of 5 and maximum of 12 Trustees are ele¢led annually by members of the Branch al the AGM. All elected Trustees musl be qualifying Branch members and serve for one year with no limits on the number of consecutive years, service. Candidates for election must be nominated in writing by at least Iwo eligible Branch members. Nominations must be delivered lo the Branch Secretary at least 10 days before the dale fixed for the AGM and musl be accompanied by the candidalg's wrillen Consent lo sland for election. At the AGM all candidates afe listed on the voting paper and every eligible Branch member may cast a vote for each vacancy. To be elected candidates musl receive the votes of at least 50 per cent of the eligible members present. If the votes are equal the available places are lo be filled by resubmilling the names of tied candidates at the meeting as often as Is required lo achieve a clear result.
RSPCA BURY & OLDHAM BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Inductlon and tralnlng of new trustees New Trustees are required lo allend an induction session with the Branch Partnership Manager to explain the role and responsibilities of a Trustee. the structure of the RSPCA and the Branch and the work undertaken by the Branch. New Trustees are given an induction pack including the 8ranch rules and other relevant documents and are invited lo spend a day with the Operations Director al the animal centre to orienlale Ihem into the worklngs of the Branch. They are also invited to visit the Branch's charity shops. Allendance al up to 3 meetings before candidates are formally appolnled as Trustees is intended lo ensure potenllal Tiuslees are sufficiently informed lo understand the role of a Trustee and the work of the Branch lo decide whether to proceed with their candidalure and for the Branch lo decide whether candidates have the requirod skills and experience. Trustees are encouraged lo allend ielevanl training sessions. The Trustees were incorporated in Janualy 2018 (allowing a foTm of legal slalus affiliated lo the Charily. allowing legal documents. and the like, to be signed in Ihe name of the incorporated Trustees). Remuneratlon pollcy The Tiuslees consider the Board of Tiuslees and Branch Manager as comprising the key management personnel ol the Charity in charge of directing and controlling the Charily and running and operating the Charily on a day-to-day basis. Trustees give ol their lime freely and no Trustee remuneration was paid in the year. Trustees are required lo disclose all relevant interests and register them in the minutes of the relevant meeting and withdraw from decisions where a conflict of interest arlses. All employees have the same conlracl of employmenl and terms and conditions with the ex¢oplion of Increased nolice periods for senior employees, and for some an allowance lo covei associated travel costs. Pension payments by both employee and employer are determined by slalule and are paid accordingly. The arrangements for selling the pay and remuneration of the Chalily's key management personnel are as follows.. All remuneration pay scales foi the other key managemerbl personnel are sel by the Board of Trustees and are benchmarked against other similar RSPCA posts and similar posts in the wider charity sector. The Branch Manager and Retail Operations Managers, iemuneralion is reviewed annually by Ihe Trustees. Salaries are sel within lh& scales agreed by the Board and the budget sel annually by the Board. Annu81 non-¢onsolidaled performan¢9 relaled bonuses may also be awarded using the same criteria. We adhere lo UK Government requirements for the payment of the nalional minimum wage. Employment Pollcy The Charity's policy is to Pfomole equality of opportunity lo all in employment and the selection process irrespective of their gender, race, ethnic origin, disability, age, nalionalily. s8xuallty. marital status and social class. The Branch opposes all forms of unlawful and unfair discrimination. All employees and volunteers wlll be Irealed fairly and equally. Selection for employment, promotion, Iralnlng and any other benefits will b& on the basis of aplilude and abilily. All employees will be helped and encouraged lo further develop their full potential and the talents, and the iesources of the workforce will be fully ulilised to maximise the efficiency of the organisalion. Rlsk managgment The Trustees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo mitigate and manage exposure lo the major risks. The major risks identified by the Trustees are recorded in the Branch's risk register which Is reviewed on a six monthly basis.
RSPCA BURY & OLDHAM BRANCH TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Events slnce the end of the year Infom)alion ielaling lo events since the end of the year is given in the notes lo the financial slalemenls. Key Management Personnèl During the year the Trustees delegated responsibility for the day-lo-day management of the charity lo the following senior employees.. Vikki Walsh- Branch Manager Carl Roberts - Retail Operations Manager Ged Whileley- Finan Offi¢er The Iruslees, report was approved by the Boa¥d of Trustees. Mr Haigh Trustee Dale.. 'Z£), io
RSPCA BURY & OLDHAM BRANCH STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards {Uniled kn'ngdom Generally Acceple¢J Accounting Praclicel. The law applicable lo charities In England and Wales requires the Iruslees lo prepare financial stalemenls for each financial year which give a true and fair view of the stale of affairs ol the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial slalemenls. the Iruslees are required lo.. select suitable accounling policies and then apply them ¢onsislenlly', observe the methods and principles in the Charilies SORP", make judgements and eslimales that are reasonable and prudent,. stale whether applicable accounting standards have been followed, subjecl lo any material departures disclosed and explained in the financial slalemenls., and prepare the financial slalemenls on the going concern basis unless 11 is inappropriate lo presume that Ihe charily will continue in opeialion. The Iruslees are responsible for keeping sufficient accounting records that disclose wlh reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and deleclion of fraud and other irregularities.
RSPCA BURY & OLDHAM BRANCH INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF RSPCA BURY & OLDHAM BRANCH Qualifled oplnion We have audited the financial slalemenls of RSPCA Bury & Oldham Branch Ilhe 'ch8rity'} for the year ended 31 December 2024 which comprise the slalement of financial activities, the balance sheet, the slalemenl of cash flows and notes lo the financial slalemenls. including significant accounting poli¢ies. The financial reporting framework that has been applied in their pieparalion is applicable law and United Kingdom Accounting Standards. includin9 Financial Reporting Standard 102 The Financial Reporting Standard applicable the UK and Republic of Ireland (United Kingdom GenerallyAccepled Accounting Practice). In our opinion. except for the possible effects of the maller described in the Basis for Qualified Opinion section of our report, the financial statements.. give a true and fair view of the slate of the ¢harily's affairs as at 31 December 2024 and of ils incoming resources and application of resources, for the year then ended.. have b&en properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accoTdance with Ihe Charities Act 2011. Basls for quallfled oplnlon This is the first year we have been appolnled as auditors of the chaTily. We weTe unable lo obtain sufficient appropriate audit evidence regarding the opening balances as al l January 2024. Specifically, we were unable lo corroborate the broughl-forward figures for fixed assets, reserves. and certain current asset and liability balances by reference to independent documentation or Ihird-party confsrmalions. As a result, we were unable to determine whether adjuslmenls might have been necessary In respect of the resulls ol activities and cash flows reported in Ihe Slalemenl of Financial A¢livilies for the year ended 31 December 2024, and the comparative information presented. Our audit opinion on the current year's financial slalemenls is therefore qualified because of the possible effects of this maller on the Comparability of the current year's figures with those ol the prior year. We conducted our audit in accordance wlh International Standards on Audillng (UK) {ISAs IUKII and applicable law. Our responsibilities under those slandaids are further described in the Auditors responsibilrfies for the audil ol lh& financial slalemenls section of our report. We are independent of the charity in a¢¢ordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fu5filled our other ethical responsibilities in accordance with these requirements. We believe that th8 audit evidence we have obtained is su(ficienl and appropriate lo provide a basis for our qualified opinion. Concluslons relatlng to golng concern In auditing the financial slalemenls, we have concluded that the Iruslees, use of the going concem basis ol accounllng in the preparation of the financial ststemenls Is 8PPTopriale. Based on the work we have performed, we have not id&nlified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to Continue as a going concern for a period of at l&asl e1ve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are descrlbed in the relevant sections of this report.
RSPCA BURY & OLDHAM BRANCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RSPCA BURY & OLDHAM BRANCH Other Information The other information comprises the Information included in the annual fepDrt other than the financial slalemenls and our audilovs ieport Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the linancial slalemenls does not cover Ihe other information and we do not express any form of assurance ¢on¢luslon Ihereon. Our responsibility is lo read the other Information and, in doing so, consider whelhei the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained In the course of the audit, or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a malerkql misslalemenl in Ihe financial slalemenls themselves. 11. based on Ihe work we have performed. we conclude that there is a material misslalemenl of this other information. we are required to report that fact. We have nolhing lo report in this regard. Matters on whlch we are requlred to report by exc&ptlon In respect solely of the limilalion on our work relating lo the Inability lo oblaln sufficient approprlale audit evidence regarding the opening balances as described above.. we have not obtained all the information and explanations that we considered necessary for the purpose of our audit., and we were unable lo determine whether sufficient accounting records had been kept. We have nothing lo report In respect of Iho following mallers relation to which the Chartlies (Accounts and Reports) Regulations 2008 requires us lo report lo you if, in our opinion.. the information given in the financial slalemenls Is inconsislenl in any material respect with the trustees, report., or the financial slalomenls are not in agreement with the accounting records. Responslbllltles of trustees As explained more fully in the statement of Iruslees. responsibilllies, the Iruste&s are responsible for the preparation of the financial slalemenls and for being satisfied Ihal they give a true and fair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation ol financial slalemenls that are free fiom material misslalemenl, whether due lo fraud or error. In preparing the financial slalemenls, the Iruslees are responsible lor assessing the charity's ability lo continue as a going concern, disclosin9, as applicable. mallers related lo going concern and using the going concern basis of a¢counling unless the Iruslees either intend lo cease operations, or have no realistic allernalive bul lo do so. Audltor'5 responslbllltles for the audlt of the flnanclal statements We have been appointed as auditor under section 144 01 the Charities Acl 2011 and report in accordance wlh the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo oblaln reasonable assurance about whether the financial slalemenls as a Who are free from material misslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material misslalemenl when il exists. Misslalemenls can arise from fraud or error and are considered maleiial if, individually or in the aggregate. they could reasonably be expected lo infiuen the economic decisions of users taken on the basis of these financial slalemenls. The exlenl lo which our procedures are capable of delecling Irregulaiilies, including fraud, is delalled below.
RSPCA BURY & OLDHAM BRANCH INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF RSPCA BURY & OLDHAM BRANCH In identifying and assessing iisks of material misslalemenl in respect of iriegularilies, including fraud. we considered the laws and regulations most relevant lo the charily. These include the Charities Act 2011, the Charity SORP {FRS 1021, employment law, health and safely requirements, and other regulallons and guidan issued by the Charity Commission. We obtained an understanding of how the Iruslees and senior management oversee compliance wlh these frameworks. We also made enquiries of managemenl and those charged with governance, reviewed board minules, and inspe¢led correspondence with regulators. Our audit procedures lo respond lo identified risks included.. journal entry lesling. challenging key accounting eslimales and judgements, reviewing the design and implemenlalion of relevant controls, and testing the iecognilion of income and expenditure. We also considered whether there was evidence of bias in accounting estimates or of transactions outside the ordinary course of business. Because of the inherent limitations of an audit, there is an unavoidable risk that we may not delecl all irregularities. including fraud. This risk increases the further removed non-compliance is from the evenls and liansaclions refle¢led in the financial slatemenls. such as breaches of regulatory requirements. or where management has overridden controls. A further description of our responsibilities Is available on the Financial Reporting Council's website at.. htlps'.11 www.frc.org.uklauditorsresponsibililies. This description forms part of our auditor's report. other matters Your allenlion is drawn to the fact that the charity has prepared financial slalemenls in accor(Sance with "Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo ch2rilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" las amended) in preference lo Ihe Accounting and Reporting by Chaiilies.. Slalemenl of Recommended Practice issued on 1 April 2005 which is ieferred to in the exlanl regulations bul has now been withdrawn. This has been done in order for the financial statements lo provide a true and fair view in accordance wilh current GenerallyA¢¢epled Accounting Practice. Use ofour report This report is made solely lo tho charity's trustees. as a body. in accordance wilh Part 4 of the Chaiilies (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the charity's Iruslees those mallers we are requifed lo slate to them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's trustees as a body. for our audit work, for this report, or for the opinions we have formed. P9ter Buck FCA, DChA (Senlor Statutory Audltorl For and on behalf of Champion Accounlanls LLP, SlaluloryAudilor Chartered Accountants 7-9 Slalion Road Heskelh Bank Preston Lancashire PR4 6SN Dale: Champion Accounlanls LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006. io-
RSPCA BURY & OLDHAM BRANCH STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current flnanclal year Unrestrlcted Unrestrlcted funds funds general deslgnated 2024 2024 Restrlcted funds Total Total 2024 2024 2023 Notes Income and endowments from.. Donations and legacies Charitable activities Other Iradlng aclivilies Investments Other income 139.110 28,184 857,790 1,720 8,891 3,000 142,110 28.184 857,790 1,720 8,891 118,781 7t7 755,744 630 420 Total Income 1.035.695 3,000 1,038,695 876.292 Expelldlture on: Raising funds Charitable activities 827,058 109,728 827,058 147,229 831,793 44,374 37,501 Total expenditure 936,786 37,501 974,287 876.167 Net Incomellexp&ndlturel 98,909 137,5011 3,000 64.408 125 Transfers between funds 12.6151 2,615 Nat movement In funds 11 96.294 134,8861 3,000 64,408 125 Reconclllatlon of funds: Fund balances al l January 2024 119,945 1,463,242 1,583,187 1.583,062 Fund balances at 31 Dgcember 2024 216,239 1.428,356 3,000 1,647,595 1,583,187 The slalemenl of financial aclivilie8 includes all gains and losses recognised in the year. All income and expendilure derive from continuing aclivilies. 11
RSPCA BURY & OLDHAM BRANCH STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOIVIE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prlor flnanclal y&ar Unrestrlcted Unrestricted funds funds general deslgnated 2023 2023 Total 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading aclivilies Investments Other income 118,781 717 755,744 630 420 118.781 717 755,744 630 420 Total income 876,292 876.292 Expendlture on.. Raising funds Charitable activilies 831,793 7,860 831.793 44,374 36,514 Total expendlture 839,653 36,514 876.167 Net In¢omellexpendlturo1 36,639 136,514) 125 Transfeis between fund5 (18,573) 18,573 Net movement In funds 11 18,066 117,941) 125 Reconclliatlon of funds.. Fund balances al 1 January 2023 101.879 1.481.183 1,583.062 Fund balances at 31 Decembèr 2023 119,945 1,463,242 1,583,187 12-
RSPCA BURY & OLDHAM BRANCH BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 15 1,413,355 1.448.242 Current assets Stocks Debtors Cash al bank and in hand 16 17 10.000 82,574 188,890 10,000 65,533 133,088 281,464 208.621 Creditors: amounts falllng due wlthln one year 18 147,224) 173.6761 Net current assets 234,240 134,945 Total assets less current Ilabilitles 1.647,595 1,583.187 The funds of the charlty Reslri¢led income funds Unreslricled funds- general Unreslrlcled funds- designated 19 21 20 3.000 216,239 1.428.356 119.945 1,463,242 1,647,595 1,583,187 The financial statements were approved by the Iruslees on ......................... Haigh Trustee Mrs D Peart Trustee 13-
RSPCA BURY & OLDHAM BRANCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operations 24 56,697 38,257 InvBstlng actlvities Purchase of tangible fixed assets Investment income received 12,615) 1,720 {3,5731 630 Net cash used In inveytlng actlvltl&s {8951 12.9431 Net cash generat8d from flnanclng actlvltles Net Increase In cash and cash equlvalents 55,802 35,314 Cash and cash equivalents at beginning of year 133,088 97,774 Cash and cash equlvalents at end of ygar 188,890 133.088 14-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charlty Informatlon RSPCA Bury & Oldham Branch is a local branch of Ihe national RSPCA organisalion. It Is controlled by il's governing document which is the RSPCA branch rules and is an unlcorporaled chalily. 1.1 Accountlng convention The financial slalemenls have been prepared in accordanco wSlh the charity's governing document, the Charities Act 2011, FRS 102 °The Financial Reporting Siandard applicable in the UK and Republic ol Ireland" I'FRS 102,1 and the Charities SORP 'Accounling and Reporting by Charities.. Slalemenl ol Recommended Pfaclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 1021" (effective 1 January 20191. The charity is a Public Benefit Enlily as defined by FRS 102. The financial slalemenls have departed from the Charilies (Accounts and Reportsl Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved following the Slalemenl ol Recommended Practice for charities applying FRS 102 rather than the version of the Slalemenl of Recommended Practice which is referred lo in the Regulations bul which has since been wllhdTawn. The financial statements are prepared in sterling, which Is the functional currency of Ihe charity. Monetary amounts in these financial slalemenl8 are rounded lo the neare81 £. The financial slalemenls have been prepared under the historical cost convention, modified lo include the revaluation of freehold properties and lo include investment properties and certain financial instruments at falr value. The principal accounling policies adopted ale sel out below. 1.2 Golng concern Al the lime of approving the financial statements, Ihg Iruslees have a reasonable expectation Ihal the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue lo adopt Ihe going concern basis of accounting in preparing Ihe financial slalemenls. 1.3 Charltabl& funds Unreslricled funds ale available for use al the discretion of the Iruslees in furtherancg of Iheif charitable obleclives. Designated funds are free ieserves that have been designated by the Iruslees ftir specific purposes. These are furtheT disclosed in the notes lo the accounts. Reslricled funds are subject to Specific conditions by donors or grantors as lo how they may be used. The pulposes and uses of the reslricled funds are sel out in the notes lo the financi81 slalemenls. Endowment funds are subject lo specific conditions by donors that the capital musl be maintained by the charity. 1.4 Incomg Income is recognised when the charity is legally enlilled lo il after any performance conditions have been mel, the amounts can be measured reliably, and il is probable that income will be reived. Cash donations are recognised on receipt. Other donations are re¢ognised once the charity has been notified of the donalion, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otheiSe if the charity has been notified of an impending dislribulion. the amount is known, and receipt is expected. If the amount is not known. the legacy is Irealed as a conlingenl asset. 15-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policles IContlnued} 1.5 Expendlture Expendilufe is recognised once there is a legal or conslruclive ob1igalion to transfer economic b&nelil to a third party, il is probable that a transfer of economic benefits will be required in selllemenl, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dii&t costs and shared Costs. including support costs involved in undertaking each a¢livily. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared costs which ¢onlribule to more than one activity and support costs whi¢h are nol allribulable lo a single activity are apportioned between those activit5 on a basis consistent with the use of resources. Central staff costs are allo¢aled on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assets Tangible fixed assels are initially measured at cost and subsequently measured al cost or valuation, nel ol depreciation and any impairment losses. Depreciation is recognised so as lo wrlle off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold property Short Leasehold Plant and machinery Computer equipment Motor vehicles 2% on cost 33% on cost 15Yo on ¢osl 15Vv on cost 25Yo reducing balance The gain or loss arising on the disptss81 of an asset is determined as the difference between the sale proceeds and the carrying value of th& asset, and is recognised in thè slalemenl of firkanclal aclivilies. 1.7 Impalrment of flxed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets lo determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the exlenl of the impairment loss lil any). 1.8 Stocks Stocks are slated al the lower of cost and estimated selling price less costs lo complete and sell. Cost comprises direct materials and. where applicable. direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and dislribulion. 1.9 Cash and cash equlval&nts Cash and cash equivalents include cash in hand. deposits held al call wilh banks. other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 16-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles IContlnued} 1.10 Flnanclal Instruments The charity has elected lo apply the piovisions of Seclion 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financlal Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions of the inslrumenl. Financial assets and liabilities are offset, wlh the nel amounts presented in the financial slalemenls. when there is a legally enforceable iighl lo s&1 off the recognised amounts and there is an intention lo sellle on a nel basis OT lo realise the asset and sellle the Ilabilily simullan8ously. Basic flnanclal assets Basic financial assets, which include deblors and cash and bank balances, are Initially measured at transaction price including transaction costs and are subsequently cariied at amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted al a market rale of interest. Financial assets classified as receivable within one year are not amortised. Basic financlal Ilabilities Basic financial liabilities, including creditors and bank loans are initially recognised al Ir8nsacllon price unless the airangemenl Conslilules a financing Iransaclion, where the debt inslrumenl is measured al the present value of the fulure payments discounted al a market rale of inleiesl. Financial liabilities classified as payable within one year are not amortised. Debt inslrumenls are subsequently cairied al amortised cost, using the effective interest rale method. Trade credilois are obligations lo pay for goods or services that have been acqulred in the ordinary course of operations from stjppliers. Amounts payable are Classified as current liabilities if payment is due within one year or less. If not, they ale presented as non-¢Ufrent liabilities. Trade creditors are recognised initially al transaction pl1 and subsequently measured al amortised cost using the effective interest method. Derecognition of financlal Ilaljilities Financial liabllilies are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.11 Taxatlon The chafily Is exempl from lax on ils charitable aclivilies. 1.12 Employee benBfSts The cost of any unused holiday enlillemenl is recognised in the period in whlch the employee's servlces are received. Termination benefits are recognised Immediately as an expense when the charity is demonslrably commllled lo lerminale the employment of an employee or lo provide termination benefits.
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Crltlcal accounting estlmates and ludgements In the application of the charity's accounting policies, the Iruslees are required lo make judgements. eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual resu118 may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donatlons and legacles Unrestrlcted Reytrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donations and gifts Legacies Grants 79.933 36,761 22,416 79.933 36.761 25,416 76,861 18,936 22,984 76,861 18,936 22,984 3,000 139,110 3,000 142,110 118,781 118,781 Grants RSPCA Door lo Door grant Other 21.816 600 21,816 3,600 22,984 22,984 3,000 22,416 3.000 25,416 22.984 22.984 Income from charStablB activllles Unrestrlcted Unrestrlcted funds funds 2024 2023 Anlmal centre Sale of goods Charitable rental income 717 28,184 28.184 717 18-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other tradlng actlvltlos Unrestrlcted Unrestrlcted funds funds 2024 2023 Fundraising events Shop income 11,936 845.854 10,226 745.518 Other trading activities 857,790 755.744 Income from Investments Unrestrlcted Unrestrlcted funds funds 2024 2023 Interest receivable 1.720 630 other Income Unrestricted Unrestrlcted funds funds 2024 2023 Other income 8,891 420 ExpDndlture on ralslng funds Unrestricted Unrestrlcted funds funds 2024 2023 Tradlny cost8 Staff costs Support costs 543,297 283,761 513.527 318.266 827,058 831.793 19-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charStabl& actlvltles Anlmal centre 2024 Animal centre 2023 Dlrect costs Depreciation and impairmenl Profil share 37,501 9.324 36,514 7.860 46,825 44.374 Share of support and governance costs (see note 101 Support 100,404 147,229 44,374 Analysls by fund Unreslricled funds- general Unreslricled funds- designated 109,728 37.501 7.860 36.514 147,229 44,374 10 Support costs allocated to actlvltle5 2024 2023 Purchases Gift aid oxpendilure Rent and rates Insurance Heal and light Other general premises expenditure Vehicle costs Telephone and inlernel Bank charges and Interest Governance costs 5.999 6.534 148,326 6,740 56.247 123,330 8,608 16,648 3.607 8.126 5,815 7,443 144,828 5,696 49,380 69,422 10,414 14,666 436 10,166 384,165 318.266 Analysed betw&en: Fundraising Animal centre 283,761 100,404 318.266 384.165 318,266 During the previolts year all SUPPDrt and goveinance costs were allocated 100% to fundraising 8clivilies. This was as a result of a reslrucluring being undertaken which led lo the temporary cessation of boarding aclivilies. -20-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 11 Net movement In funds 2024 2023 The nel movement in funds is slated after chargingl{credilingl: Fees payable for the 8udil of the charity's financlal slalemenls Depreciation of owned tangible fixed assets 9.500 37,501 8,727 36,5f4 12 Trustees None of the Iruslees {or any persons connected with them) received any remuneration or benefits from the charity during the year. 13 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 30 Employment costs 2024 2023 Wages and salaries 543,297 513.527 The key management personnel of the ¢harily during the year comprised the Trustees. Finance Officer. Retail Operations Manager and Ihe Branch Operations Manager. The lolal employee benefits of Ihe key management personnel of the charity were £89,07812023.' £65,959) There were no employees whose annual remuneration was more than £60.000. 14 Taxatlon The charity is exempt Iiom laxalion on ils a¢livilies because all ils income Is applied for charitable purposes. -21
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEIWBER 2024 16 Tanglble flxed assets Freehold PToperty Short Leasehold Plant and machlnery Computer 8qulpment Motor vehlcl8s Total Cost At 1 January 2024 Additions 1,662,978 159.512 34,775 54.273 2.615 51.940 1,963,478 2,615 Al 31 December 2024 1,662,978 159,512 34,775 56,888 51,940 1,966,093 Depreclation and Impalrment Al 1 January 2024 Depreciation charged in the year 221,855 159,511 31,142 54.273 48,456 515.237 33,260 626 131 3,484 37.501 At 31 December 2024 255,115 159.511 31.768 54,404 51.940 552.738 Carrylng amount At 31 December 2024 1.407,863 3.007 2.484 1,413,355 Al 31 December 2023 1,441,123 3.635 3,483 1,448,242 Included within freehold property is land costing £IOO,000 which is not depreciated. 16 Stocks 2024 2023 Flnished goods and goods for resale 10,000 10,000 17 Debtors 2024 2023 Amounts falllng due wlthin one year: Other debtors Prepayments and accrued incomè 56.992 25,582 32,747 32,786 82.574 65,533 -22-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 18 Credltors: amounts falling due wlthln one year 2024 2023 Trade creditors Other credilois Accruals and deferred income 21.125 1,874 24,225 53.134 20.542 47,224 73.676 19 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. At 1 January 2024 Incomlng resources At31 December 2024 Jean SainsburyAnlmal Welfare Trust 3.000 3,000 The Jean Sainsbury Animal Welfare Trust balance relates lo a grant received for a new lamp in the Animal Theatre. 20 Unrestrlcted funds - deslgnatfyd These are unreslricled funds whlch are material lo Ihe charills aclivllles. At 1 January 2024 Resource$ expended Transfers At31 December 2024 Designated - Fixed Assets Designated - Fulure charilable 8ctivllie8 1,448.242 15,000 137,5011 2.615 1,413,356 15.000 1,463,242 {37,5011 2.615 1,428,356 Prevlous year.. At 1 January 2023 Resources expended Transfers At31 Decembgr 2023 Designated- Fixed Assets Designated - Future charitable acllvllies 1.481.183 136,514} 3.573 15.000 1,448,242 15.000 1.481,183 {36,5141 18.573 1,463,242 -23-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 20 Unrestrlcted funds - do$lgnated Icontlnuedl The Designated Fund represents the net book value of unreslricled assets which do not consist of liquid balances. A further £15.000 has been designated lo safeguard the charitable activities of the charity. 21 Unrestrlcted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the Iruslees for spe¢ifi¢ purposes. At 1 January 2024 Incomlng resources Resour¢&s expended Transfers At31 December 2024 Designated- Fixed Assets Designated- Future charitable activities General funds 1,448,242 (37,501) 2.615 1,413,356 15,000 119.945 15.000 216,239 1.035.695 (936.7861 12,6151 1.583.187 1,035,695 {974.2871 1,644,595 Prevlous year.. At 1 January 2023 Incomlng resources Resources expended Transfers At31 December 2023 Designated- Fixed Assets Designlaed- Future charitable activilies General funds 1,481,183 136,514) 3,573 1.448,242 15,000 118,5731 15,000 119,945 101.879 876.292 (839,6531 1,583,062 876.292 {876,1671 1,583,187 22 Analysls of net assets between funds Unrestrlcted Unrestflcted funds funds g&neral deslgnated 2024 2024 Restrlcted funds Total 2024 2024 Fund balances at 31 December 2024 are represented by: Tangible assets Current asselsllliabililies) 1,413,355 15,001 1,413,355 234,240 216.239 3.000 216,239 1,428,356 3,000 1,647.595 -24-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Analysls of net assets between funds Icontlnuedl Unrastrlcted Unrestrlcted funds funds general deslgnated 2023 2023 Restrlcted funds Total 2023 2023 Fund balances at 31 Decembgr 2023 are represented by: Tangible assels Current asselsllliabilillesl 1.448,242 15.000 1,448,242 134,945 119.945 119,945 1,463,242 1,583,187 23 Related party transactlons Transacllons with related parties During the year the ¢harily entered into the followng transactions with related pariies.. The branch is a member of the RSPCA National legacy scheme under which the national society administer the legacies left lo the branch for a nominal fee of 30A. Legacies shown in these accounts are nel ol the 3% deducted by the national sociely. The amount ieceived through this s¢heme during the year was £36,761 {2023'. £18,936). The branch also received a door-lo-door donation from the RSPCA National Society of £21,816 {2023: £22,984). Th& branch al80 Iransacls with the national society by providing boarding services lo animals rescued by the national society in their region. The amount charged lo RSPCA national for these services in the year amount lo £Nil 12023., £717). The balance oulslanding al Ihe year end is £NIL12023'. £NILI and is shown in Trade Debtors. The branch purchase Items of meLlical equipment and other items ffom the national society. The amount charged by the national sociely in the year amounted lo -£4,661 12023.. £2,410). This is due lo a number of historic invoices being wrillen off by the National Society as they had been sent lo the wrong branch. The balance owing al the year end is £17,09412023.' £52,620) and is shown in Tfade Creditors. 25-
RSPCA BURY & OLDHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Cash generated from operatlons 2024 2023 Surplus for the year 64,408 125 Adjustments for., Investment income recognised in slalemenl of financial aclivilies Depreciation and impairment of tangible fixed assets 11.720) 37,501 {630) 36,514 Mov&m&nts In worklng capltal: {Increasel in debtors {Decreasellin¢rease in creditors {17,0411 {26,4511 (5,1691 7,417 Cash generated from operatlons 56.697 38,257 26 Analysls ol change5 In net funds The charity had no material debt during the year. 26 Golng Concarn The T¥uslees keep the level of general reserves under constant review. The Trustees are aware that the current reserve levels are below the largel levels .Illhilsl they are al these levels there are conlirYJencies in place, including the availability lo allracl finance should il be needed, that would allow the Charity lo continue. Therefore the Tiuslees believe that preparing the a¢counls on a Going Concern basis is correct having considered the foreseeable future and the plans that are in place lo incfease Income anLf minimise costs. -26-