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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 232223

REPORT OF THE TRUSTEES AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

Page
Reference and Administrative Details 1 to 2
Report of the Trustees 3 to 25
Statement of Trustees' Responsibilities 26
Report of the Independent Auditors 27 to 29
Statement of Financial Activities 30
Balance Sheet 31
Cash Flow Statement 32
Notes to the Cash Flow Statement 33
Notes to the Financial Statements 34 to 44
Detailed Statement of Financial Activities 45 to 47

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2022

TRUSTEES D Chappell
V Strachan
M Moran
D Hinchcliffe
A Reynolds
K Walley
D Rhodes
S Cox
J Burge
R Graham
S Del Castillo (appointed 27/1/22) (resigned 17/11/22)
E Waddington (appointed 12/5/22)
M Moore (appointed 17/11/22)
H Murray (appointed 17/11/22)
PRINCIPAL ADDRESS Animal Centre
Moor Knoll Lane
East Ardsley
Wakefield
West Yorkshire
WF3 2DX
REGISTERED CHARITY NUMBER 232223
INDEPENDENT AUDITORS Thomas Coombs Limited
Statutory Auditor
Chartered Accountants
3365 The Pentagon
Century Way
Thorpe Park
Leeds
West Yorkshire
LS15 8ZB
SOLICITORS Blacks Solicitors LLP
City Point
29 King Street
Leeds
LS1 2HL

Page 1

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST DECEMBER 2022

SENIOR MANAGEMENT TEAM AND OTHER ADVISERS

Senior Management Team

C Lewis-Jones (CEO)

G Cameron (Branch Administrator) H Metcalf (Area Retail Manager resigned 14/4/22) A Carr (Head of Retail appointed 6/6/22) A Sep (Financial Controller) S Hoyle nee Balmforth (Head of Fundraising & Communications) M Rattray (Animal Care Manager)

Bankers

Santander Bootle Merseyside LS30 4GB

NatWest Bank 1 Victoria Place Holbeck Leeds LS11 5AN

Investment Managers

Brewin Dolphin 10 Wellington Place Leeds LS1 4AN

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The object of the Branch is to promote the work and objectives of the National Society within the Branch area. Namely, to use all lawful means to prevent cruelty, promote kindness and to alleviate the suffering of animals.

The Branch gives priority to those animals with a genuine welfare need as identified by members of the RSPCA inspectorate or branch welfare team, such animals may be the subject of an ongoing case or may have been removed with the consent of an owner unable to meet the animal's welfare needs.

Such animals receive appropriate veterinary treatment, rehabilitation, training and rehoming under the direction of the Branch's animal care staff. Prior to rehoming all animals are neutered, microchipped, vaccinated and treated with parasite prevention.

The Branch continues to operate a Snip & Chip scheme, and a welfare assistance scheme to provide financial support to those members of the public on qualifying benefits who might otherwise not have their animals neutered, microchipped or given emergency veterinary treatment due to their financial circumstances.

Staff are assisted in this work by a dedicated team of volunteers to whom the Trustees are extremely grateful.

Public benefit

All charities in England & Wales must have charitable aims that are for the public benefit. It is not enough that the RSPCA's work benefits animals.

Richard Martin, one of the RSPCA's founders, identified the Society's prime aim as being to alter the moral feelings of the country. He recognised that taking care of animals is an essential part of any civilisation. This still resonates today.

Preventing cruelty to animals promotes humane sentiments towards animals in humankind, which involves moral benefit to the human community as a whole. Whilst this public benefit is clear, it is difficult to quantify and must be balanced against any detriment.

The RSPCA's work benefits society, but it also provides services (e.g. subsidised veterinary treatment) aimed at helping people in need with the care of their animals. Additionally the branch and society assist in animal welfare education and guidance to young people and the wider community to help people maintain high regard for animal welfare.

The following sections of this report on the achievements and performance of the Branch describe the Branch's main activities and demonstrate the benefit provided to the public. All our charitable activities focus on promoting kindness and preventing or suppressing cruelty to animals and is undertaken to further these charitable purposes for the public benefit.

In accordance with their duties, pursuant to Section 4 of the Charities Act 2011, the Trustees have considered the Branch's objects and activities in the light of the Charity Commission's general guidance on public benefit, "Charities and Public Benefit".

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities Animal welfare

During 2022 the Branch continued to face huge challenges impacting greatly on the activities of the charity, including animal intake, adoptions & rehoming but despite being a modestly sized facility, the continuing difficult circumstances, managed to achieve very good results in the four key areas of animal welfare activity (rehoming, welfare neutering, welfare microchipping, welfare assistance):

231 rehomed animals (2021: 168 animals) 60 dogs- (2021: 48) 134 cats- (2021: 109) 21 rabbits- (2021: 11) 16 misc- (2021: 0)

171 neutered animals (2021: 141 animals) 47 dogs- (2021: 40) 67 cats- (2021: 84) 26 rabbits- (2021: 9) 1 misc - (2021: 8)

153 micro-chipped animals (2021: 115 animals) 30 dogs- (2021: 14) 88 cats- (2021 87) 19 rabbits- (2021: 9) 16 misc- (2021:5)

0 animals provided with welfare assistance (flea/worming/emergency treatment) (2021: 0 animals) 0 dogs- (2021: 0) 0 cats- (2021: 0) 0 misc- (2021: 0)

During 2022, the branch faced rising day to day costs at levels never known before. Although a budget is identified for expenditure for veterinary treatment for animals in need of rehoming but who require medical intervention to ensure the animal is fit and well for their new home, animals were coming into branch with more significant health issues and more funds were needed for a greater level of medical intervention. This high demand alongside increased basic costs has challenged the charity operations. The need for boredom busting toys and treats for training increased throughout 2022, as stays were lengthened prior to rehoming. The generosity of organisations helped the branch with donations, to sustain the quality animal care that we constantly strive to achieve.

As the contract with the PDSA for cost effective and appropriate veterinary treatment for animals in our care came to an end, to ensure a seamless and least disrupted provision we searched for another veterinary provider who could offer suitable care and treatment. We established a contract with Home Comforts Veterinary services from whom we receive outstanding services and support. The animals in our care come first and the independent veterinary services are very much in tune with the RSPCA ethos.

The branch's work with other organisations, schools, colleges and attendance at welfare events resumed in 2022. A number of school visits and welfare days at the large Ikea store in Birstall were very successful enterprises and connected the charity with new supporters. Events at the animal centre had restarted and activities were regaining some normality.

Our online presence remained vital to our presence and communication with donors and supporters, along with the final completion of the CRM system, has allowed the branch to be more efficient and effective.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

The branch continued to give priority to animals from the inspectorate and saw an increase in overall intake in 2022. Help for animals who are the most abused and ill-treated remains the core element of our charitable activities. A more flexible approach to home visits and foster care, along with an early initiative of a Home to Home scheme for dynamic cat rehoming, helped the centre continue its work in what remained a very difficult year.

The off lead facility at the centre which helps owners and their nervous or reactive dogs enjoy the outdoors safely remained and grew in popularity in 2022. Berties DIY 'Wash n Go ' service, to enable pet owners use the facility for a quick wash and dry of their own pets in a safe and suitable environment helped beat the economic hardship of paying professional grooming fees. Unfortunately, Berties professional grooming salon has not survived the economic crisis and COVID impact, therefore it is no longer open.

The centre supports an appointment system for adoptions and to open just five days out of seven for public visits. This benefits the animals and allows a more efficient operation with the challenges of staffing levels and general operational activity.

In 2022, the branch continued to be challenged to make ends meet. Our support of the Inspectorate and members of the public across all areas of the charity is still difficult to achieve and again it is only the dedication and resilience of the team, our supporters and sponsors which has allowed the branch to achieve as much as it has.

Dog behaviour classes, puppy classes and one to one training provision established itself strongly in 2022. Donations continue to be sent to Batley's food bank for the homeless with pets, supplies to our branch shops for community access and dog food to the Hedgehog rescue centre a few miles away.

The graphs below give some indication of where money is spent and what can be achieved. Issues affecting vaccines and general supplies, fuel costs, rising costs of living and consumables and the war in Ukraine, resulting in tragedy for many people and loss of investment income, extreme costs for many charities has tested the branch significantly.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

A dedicated budget for providing welfare services, vet fees, rehoming costs and all animal care related expenditure, education & community support is always factored into the branch budget, however, in 2022 this provision has been again severely impacted upon by raising costs exponentially with no improvement in income levels and a generally difficult environment for charities to keep income flowing and maintain ongoing services.

Treatment and vet fees saw a big increase due to the number of animals being brought to the centre needing significant medical and behaviour care and the rising costs overall.

Costs for animal care and ongoing rehoming remains a challenge. Visits to the centre are by appointment only and all adoptions are initiated online but the costs to ensure an animal is ready to be rehomed and all the costs associated with running an animal centre continue to test the charity to the limit. Recovery has not been possible against the economic crisis and the branch capacity to fund its operations has worsened not improved.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

----- Start of picture text -----
Veterinary fees 2018-2022
£40,000
£35,000
£30,000
£25,000
£20,000
£15,000
£10,000
£5,000
£-
2018 2019 2020 2021 2022
----- End of picture text -----

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 202

Animal welfare- continued

Following the efforts of the teams to keep costs under control, manage operational effectiveness and efficiency there remain plenty of good news stories to share about all the animals we have helped in 2022.The levels of rehoming has started to recover since the pandemic.

The branch provides care to animals that are not signed over to the branch and remain in National Society care, pending investigation for animal cruelty or neglect. This additional service to the Inspectorate provides high quality interim animal care to animals in most need. The branch receives daily calls from the inspectorate and reports capacity and space availability to the central logistics department to enable the maximum use of branch resources for the betterment of animal welfare.

The Branch continues to offer emergency boarding facilities for small animals for the inspectorate to access where needed.

Animals shown below are just some of the most in need, brought to us by the inspectorate.

They were starved and living in horrendous and filthy conditions and very emaciated due to starvation. Sentences for the cruel neglect caused to these animals were metered out and the team were so pleased to see them all adopted to new loving families

Dogs often come to us with difficult behaviour issues and need much training and help to adjust to a normal living environment. This staffie was no exception and after coming in terrified and unable to socialise, is now what the team describe as 'the happiest staffie they have ever seen' and well settled in his new home.

This is what makes a tough job all worthwhile.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 202

Animal welfare- continued

The branch continued to take in animals with varying needs and the team strive to give them all the care possible and find new homes as soon as possible. Sometimes this can take longer than we would like due to additional issues each animal may have. Pedigree cats can have particular needs, especially regarding skin conditions or dietary problems. Older dogs or those who come into the branch emaciated struggle to get comfy on beds due to their poor physical state. Additional equipment and care facilities are needed to help these animals and they could be special beds, warm jackets or medical treatment.

In addition to animal care, the animal centre also offers services in puppy classes, behaviour classes, DIY dog grooming in Berties and an Off Lead facility for owners to exercise their timid or reactive, poor recall dogs in a safe fun environment. The branch is also able to use the outside paddock for the dogs in our care for a more fun space. An amazing volunteer has contributed to the off-lead upgrade and now it has become a super space for dog activity. Weeks of volunteered hard labour has transformed the space and facilities.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

The 'Dog house' built in 2021 also provides a great space for training & familiarisation for a home environment, along with puppy socialisation. A sensory garden is still work in progress and we are hoping in 2023 that with help from corporate groups this scheme will be completed.

The branch also looks after small animals who have very special needs and adoptions have to be to well informed and experienced Rabbit and Guinea pig owners.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

The Animal Centre hosts numerous activities and events to raise awareness, generate income and promote good animal care and responsible pet ownership. The centre hosts fayres, dog walks, 'drive thru' donation days, corporate volunteer opportunities and hosts animal care students from nearby colleges who work in placements or as volunteers to enhance their knowledge and career.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Animal welfare- continued

The branch relies on the generosity of the local community, our army of volunteers and trustees.

A branch first, showed how much each and every person involved in the branch, contributes in any way possible to its success. Trustees helped out as animal carers one night in December to allow the whole branch to have a team night out together. A lot of fun was had by everyone, inside and outside the animal centre that night.

The branch is very good at innovation and looking ahead to improving the environment for the animals in our care or working more closely with third parties. In 2022 the branch initiated talks with another cat charity to work in partnership to benefit both charity objectives. In addition the local inspectorate group hired offices from the branch so they could be better placed in the West Yorkshire area.

The branch was also officially appointed members of the ACDH (Association of Cat & Dog Homes). This opens up greater opportunity for education, networking, peer support, grants & best practice within the industry.

The branch Snip & Chip scheme has grown in 2022 and into 2023. With additional funding from the Regional Board of the National Society we have been able to help neuter an extra 48 dogs, 17 cats, 4 rabbits in the community.

Special welfare events have been supported by the branch, namely the Wythers Estate living crisis welfare day, organised by Leeds City Council and where we helped at least 10 dogs and cats with flea and worming treatment, microchipped 3 cats and 4 dogs and handed out numerous snip and chip vouchers along with free food. This was an amazing result on a bitter cold day.

The branch also continues to have food banks at all its retail locations and help the local hedgehog rescue with regular food donations.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

ACHIEVEMENT AND PERFORMANCE

Fundraising activities

Sadly the country had to face the loss of HM The Queen and as our patron it was felt deeply. As a mark of respect, activities were moved and adjusted during the period of mourning.

The branch continues to have a strong relationship with a great many organisations who are incredibly generous with their time, donations and money. Pets at Home partnership and Pet Plan support us through their foundations. Both organisation support our work with donations to purchase animal supplies and to encourage adopters to consider animal vet insurance.

The branch applies for grants wherever possible and individual anonymous donors have supported the branch with funding, to whom we are very grateful.

Corporate supporters also helped to support the branch in 2022, providing time to help maintain and repair the animal centre. Mars Pet Care, Morrisons, Portacabin, NHS Trusts are just a few organisations who supported the branch in 2022 and Ben Adams Photography and Caroline Clarke Behaviour specialist helped support the branch with photo shoots to generate income and pet first aid sessions to help members of the public care for their pets safely.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Fundraising activities- continued

The branch uses selective and respectful branding, in keeping with the RSPCA. Promotion locally is vital to the branch and both for physical events and online activity, all our roundels showcase what we do.

This graph is a clear assessment of how much support we have in the community and despite the economic hardship in 2022, individuals and organisations have been extremely generous, and we are very grateful for their support.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Fundraising activities- continued

This graph shows a remarkable outcome following the extremes of 2020 and 2021, when activity was much lower due to the pandemic and we were grateful for the government help to the charitable sector and business. In 2022 the branch received little or no further support and were moving back to self-sufficiency.

The following images showcase the fundraising activities which help sustain the branch throughout the year.

We are even up for extreme fundraising and a group set off one cold June morning on a 26 mile peak walk.

The fundraising team organise events from walks to fun days, to fayres to online activities, raffles & competitions. Every event generates much needed income and funds to sustain the animal care activity and the branch functions in the West Yorkshire area.

Appeals are used to ask for specific help for animals in need or vital equipment needed at the centre. Arthur needed scans to check his heart condition so we could arrange his much needed treatment. Generous donors exceeded the appeal and Arthur is well on his way to having care to enable him to live a better life.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Fundraising activities- continued

The annual branch dog shows and outside events are held to generate funds but to also help people with their pet care. The branch behaviourist is always at hand to give advice or training tips.

Adoptions from the branch are a daily activity and we are always looking for new people to adopt or foster the animals in our care.

Fundraising activity cannot be successful without all the volunteers who help to support us. Volunteers work in all our activities, fundraising, animal care, DIY and centre repairs, retail and even in the van team.

Our volunteers are an amazing group of people and come from all walks of life, whether retired or working, spare a few hours here and there or come to the centre or shop daily.

Volunteers may be working in a student placement or enjoy the social aspect of joining us at an event. Volunteers bring their time, support, skills and talent to the charity and for all they do we are very grateful.

Our fundraising department manages the new CRM system to ensure efficient and compliant communications with everyone who contacts the branch. The CRM has enabled the branch to generate much needed support, gift aid and keep our volunteers up to date with all that is going on in the charity

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Fundraising activities- continued

We strive to think of new initiatives and also be proactive to current trends and festivals in the year. Trying to be in tune with the nation but also call out to our supporters for unwanted items and used goods to sell in our shops or use in a tombola. It never stops! Whether that is to mourn the loss of the Queen or run a sweepstake for the world cup.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

ACHIEVEMENT AND PERFORMANCE Charity shops network

Roundhay…..Rothwell……..Wakefield……..and in 2022 a new shop in Morley and a new Head of Retail.

To help fund activities and fulfil charitable objectives a network of charity shops is operated by the Branch, which sell mainly secondhand goods donated by the public, plus a small number of animal related new & pre-loved goods. The charity relies on this activity to sustain its welfare work and animal care facility.

The branch operated 3 retail trading premises until July 2022 when we proudly opened a 4th in Morley town centre. We were honoured to have the shop officially opened by the Mayor of Morley. The branch also has an ecommerce operation and a small stock generation team supporting the retail network along with 2 part time drivers and a great team of loyal volunteers.

In the summer of 2022 the warehouse project of centralised processing to supply the shops and ecommerce was moved back into the shops. It was felt that the processing was not running efficiently enough. We now have 2 full time processors working from 2 locations supplying that location plus one other. This enables us to get the stock out quicker and more efficiently. The shops sales have seen a steady rise since this was implemented.

Shops continue to send higher value stock to ecommerce daily, where they have a wider audience and can command a higher value price.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Charity shops network – continued

Late in autumn 2022, the ecommerce operation moved from its rented accommodation and now fully operates from the Branch premises, saving the charity a considerable amount of rent. The branch eBay continues to be a Top-rated seller and consistently delivers outstanding customer service .

All shops have an animal food bank section to help the community in need. We don't charge for this service but suggest a small donation, although this is not necessary, it is most welcomed.

Gift Aid claims continue to be submitted in line with regulations & compliance with HMRC and Gift Aid sales are currently at 12.5%, a vast improvement in the last 6 months.

House collections have ceased due to the rising costs of petrol and it was felt it was not cost effective to continue with this service. However, we still offer this service to our regular donors. Resuming this service in early spring 2023 but with a minimum collection of 8 bags is under consideration.

Significant social media coverage has been undertaken to promote our retail network operations and the Clicksit service is now in operation and people can post their donations to us free of charge.

Vinted and Depop were launched in autumn 2022 and Shopiago may soon be introduced (dependant on the growth of ecommerce platforms, to improve the service further).

The retail network invested in a 'new to us' van which we were interested to find out it was previously owned by ITV used on the set of Emmerdale for transporting film crew equipment. It is now on the road with us and much more reliable than the old one.

Moving forward, it is expected that 2023 will remain very challenging financially, especially as the country is in a financial crisis. People are holding onto their goods longer or selling them on themselves so the quality of stock is not what it used to be, but we do seem to be well supported and people are visiting our shops even more.

There have been many changes implemented with the change of Head of Retail but the staff have remained resilient and dedicated and the results of the retail income at the end of 2022 is growing.

The shops have concentrated on selling quality goods and teamed with an excellent customer service, along with creative means to generate good quality donations. Amazing shop windows, internal displays and merchandising have kept people coming into our shops and hopefully buying from us and supporting #ReuseForRescues

After the successes of 'Drive Thru' donation days during COVID, We now hold regular donation days at the Branch which helps top up our stock supplies as well as over the door donations.

There has been a steady rise in trading over the last 6 months, with shops raising much needed funds, thus making a significant contribution to the charity Income.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Charity shops network – continued

Staffing

A number of new people have joined the team in 2022

Amanda, Alice and Heather have joined the retail team and our digital department and have brought their talent to retail management & leadership, store supervision and digital and social media skills to keep the branch connected.

In 2023, the branch will be considering a restructure to find new ways of working and cutting costs to manage the ever increasing rising expenditure. A more streamlined approach in the animal centre and now the ecommerce team have naturally reduced and relocated, a more efficient management of stock and promotion of high value items for sale with a smaller dedicated team. The total number of staff employed by the Branch as at 31st December 2022 is outlined below:

What better way to finish the stories and news from 2022 about the activities of the charity, but with some animal adoption pictures.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

FINANCIAL REVIEW

Financial position

The financial statements are as presented on pages 30 to 47 inclusive.

Income for the year increased by £289,688 to £817,586. Major elements of income are displayed in the table below.

2022 2021 Variance
£ £ £
Shopincome 376,811 173,486 203,325
Donatons 91,383 95,303 (3,920)
Grants 46,803 138,355 (91,552)
Fundraising 56,102 36,127 19,975
Legacies 163,729 14,905 148,824
Other 82,758 69,722 13,036
Total income 817,586 527,898 289,688

Net expenditure for the year totalled £244,314 (2021: £244,697). The net movement in funds can be analysed as follows:

2022 2021 Variance
£ £ £
Operatonal defcit (105,323) (210,395) 105,072
Depreciaton (71,326) (74,398) 3,072
Investmentgains/(losses) (67,665) 40,096 (107,761)
Net movement in funds (244,314) (244,697) 383

The trustees are absolutely focused on growing future income levels from retail activities as part of the overall strategic plan for the Branch with an additional retail shop being opened in Morley during 2022 with additional opportunities being explored to drive revenue scale to absorb the central overheads plus the increased energy costs for the premises. The increase in income was particularly pleasing in 2022 with a new Head of Retail being appointed mid-way through the year with the benefits of improved performance being evident during that period.

The Trustees and Senior Management are also committed to reducing the overall cost base where needed to counter the increased inflationary costs experienced during 2022 and to significantly reduce the operational monthly deficits. A savings timeline document was agreed by the Trustees in November 2022 which the Senior Management Team are currently focused on delivering.

During 2022 £163,729 (2021 £14,905) was received in legacies and the Trustees would like to extend their thanks to all those people who thought about the Leeds, Wakefield & District Branch and who gave so generously in their wills.

Investment policy and objectives

During 2022 Brewin Dolphin investment advisers have continued to manage an animal welfare orientated ethical portfolio, accessing the best possible rates available under the current climate.

Brewin Dolphin seek to maximise capital appreciation from a portfolio of medium risk securities. During in the 12 month period to 31[st] December 2022 the portfolio made a total return of -12.28%. This compared to a total return in the MSCI WMA Income index of -6.96%.

The market value of the investment portfolio was £238,856 at 31 December 2022.

The Charity’s ethical stance has impacted on performance as the trustees knew it would. The above benchmark relates to FTSE 100 alone but when compared to peer groups the Charity’s investment portfolio has performed better.

Our Investment Statement states that:

The policy is reviewed on an annual basis following the publication of the audited annual accounts for the previous year and market trends.

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Investment policy and objectives- continued

The board of Trustees has appointed an investment sub-committee to review the branch's investment portfolio with the branch professional advisers on a 6 monthly basis to ensure the branch continues to gain the highest possible return on its investment. The committee is now in a stronger position to review potential investments for a greater return than has been available to them previously. However, given the current economic climate and continuing uncertainty with regards to the UK economy and the situation in Eastern Europe, the Finance & Investment Committee will be held every 2 months to ensure that investment portfolio returns are optimised where possible, drawdowns minimised, and robust recommendations are submitted to the Board of Trustees.

Reserves policy

At the end of the year the Branch held an accumulated fund of some £2,114,963 (2021: £2,359,277).

Since their appointment the Trustees have reviewed and rewritten the Branch reserves policy.

The Trustees therefore agreed to exclude tangible fixed assets such as property, vehicles, and equipment together with any restricted or designated funds held by the Branch from the calculation of general reserves.

The total funds held by the Branch as of 31st December 2022 were some £2,114,963 (2021: £2,359,277) of which tangible assets represent some £1,679,497 (2021 £1,730,969). Restricted funds as of 31st December 2022 totalled £Nil (2021: £Nil) and therefore available reserves as at the end of December 2022 were £435,466 (2021: £628,308). In addition to a target level of reserves the Charity’s reserve policy considers a minimum level of reserves at which additional action would be taken. This measure is the period of cover reserves offer when compared to any forecast annual operating deficit. This ensures the Charity’s ongoing potential for income generation is considered. When comparing the operational deficit forecasted for 2023 to free reserves, the operational deficit of £214,667 would be covered for a period of approximately 24 months.

The Charity's reserve policy is to hold a target level of twelve months' expenditure to ensure continued financial security and to provide for contingencies, this would equate to approximately £1M. Reserves levels are reviewed every six months as a minimum. It is the opinion of the Trustees that the existing reserves are insufficient to meet any further reduction in incoming resources. Over future years it is therefore the intention of the Trustees to focus on moving beyond just a balanced budget by developing plans to increase available reserve levels with new income streams whilst taking immediate action to reduce operating costs. It is anticipated that investment of free reserves will improve the financial stability of the branch on a long-term view. In the short term, investments are seriously affected by the UK economic environment and the Ukraine crisis.

The Charity continues to apply for grants to help sustain its operations and although income generation activity experienced an increase in 2022 it was offset by increased inflationary and energy costs, and so it will need to continue to rely on reserves and legacy donations in the next twelve months and possibly beyond. For the foreseeable future, the continuing unrest in Europe and the rising fuel prices will continue to stretch the charity considerably. One immediate result as stated above is the loss of value on investments currently shown as a direct impact of the trouble in Ukraine and the doubling of fuel costs almost overnight during 2022.

FUTURE PLANS

The Trustees are constantly reviewing Branch activities to ensure that the Branch can:

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RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

FUTURE PLANS- continued

As part of this activity, the Trustees are focussing with key staff on the ongoing Branch business plan, strategy, and risk document to identify the priority activities for the Branch to undertake in the years ahead. To make a positive impact on the risk of a sustained budget deficit and counteract the ongoing & lasting economic effect of the pandemic, UK inflationary increases, and following European unrest.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its current governing document, a deed of trust, and constitutes an unincorporated charity.

Charity constitution

The RSPCA Leeds, Wakefield & District Branch (the Branch) is constituted as a charitable unincorporated association and is governed by the RSPCA Branch Rules.

The Branch adopts the policies of the Royal Society for the Prevention of Cruelty to Animals (the National Society) but has been a separately registered charity since 1963 in accordance with the Charities Act.

Into 2022 and ongoing the National Society and governing body for branches to operate, underwent a significant overhaul of strategy and structure. There is steady change planned in relation to branch rules, current relationship between branches and the society and ongoing changes to the overall strategy in the animal journey, rescue, and prosecutions to bring clarity & focus on the aims and objectives of the RSPCA. This approach is ongoing into 2023 when a new constitution for branch governance will be shared along with the initiation of a new branch and society partnership for future working. The new governance will allow for changing to a CIO status for branches.

Organisation and management

In 2022 the Branch had a network of 4 charity shops, an eBay shop, an animal centre & shop, branch headquarters and various services to the public including off lead play area, Berties Grooming Salon, welfare services and hire of space for businesses and support services for animals owned by members of the public. A small stock generation team, Head of Fundraising & Communications, Digital Communications Assistant, and reception team also support the branch. The retail outlets sell mainly second-hand goods donated by the public to raise funds for the Branch's charitable activities but also stock a small number of items to sell to adopters and pet owners.

Late in 2022 the retail warehouse was closed due to the stock processing not producing the results expected. Closing and bringing the stock back to the animal centre location, allowed for a reduction in rental costs, a better working environment for staff and now processes donations efficiently to stock the relevant outlets with appropriate goods for sale and maximise the online offering. A new outlet in Morley was added to the portfolio in 2022. Further outlets are being researched as the amount of stock for sale is undiminished.

The branch is focussing on high quality, affordable & short-term animal care with an overall aim of rehoming animal victims of cruelty as effectively & efficiently as possible for the benefit of the animal and pursuing education of the public to reduce animal cruelty in the future.

The Branch works closely with staff from the National Society and in particular RSPCA Inspectors and Animal Collection Officers in pursuit of the charity's objectives, along with collaboration with neighbouring branches to achieve the overall aims of the organisation. The branch concentrates on the animals most in need and accepts cats, dogs, rabbits, and guinea pigs with 48hr emergency boarding for the inspectorate use for small animals.

The branch animal centre temporarily cares for dogs, cats, and small animals while a new home is found through adoptions. The branch relies heavily on people coming forward to adopt animals and although following the 'perfect match' guidelines of the society, not all adoptions are successful. The branch uses all means available to it, either face to face, social media, events, or promotions to connect positively with people looking to adopt an animal.

Decision making

The charity is governed by a committee elected from amongst the Branch membership at each Annual General Meeting to manage the affairs of the branch for the ensuing year.

The Committee must consist of a minimum of seven and not more than fourteen elected members and has the power to co-opt a further three members who shall be Trustees of the Branch until the next Annual General Meeting.

The officers of the Branch are appointed from amongst the Committee and shall, as a minimum, consist of a Chairperson, Secretary and Treasurer all serving in an honorary capacity.

Page 23

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Decision making- continued

The charity trustees have individual and collective responsibility for the management of the Branch and its funds. Subject to the overall supervision of the National Society, the Committee controls and monitors all the fundraising and animal welfare initiatives undertaken by the Branch.

Key management remuneration

The Senior Management Team comprises of key management personnel who are delegated by the Board of Trustees to control, run and operate the charity on a day-to-day basis.

The Board of Trustees receive no remuneration for the time they give to the management & governance of the charity. Details of expenses and related third party transactions are disclosed in the accounts and follow the payment rules laid down by the Charity Commission.

The pay of senior staff is reviewed annually in line with the charity pay review procedure and decisions are made in relation to increases based on related industry benchmarked earnings & economic and affordability data.

All staff salaries are reviewed in line with branch policy to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles within the charity sector or in breach of statutory government minimum or living wage rates. In 2022 an additional review was carried out due to the increasing strain on cost of living. The branch allocated an additional emergency budget to salaries to assist staff.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Branch has a risk management strategy, which comprises:

The Trustees have identified these main areas of risk with the top 3 of most concern:

The Trustees have implemented an ongoing review of the Branch's policies, procedures, and controls to ensure that these are adequate to mitigate the main identified risks. A formal Business risk management document is in place and reviewed annually. The Finance & Investment Sub Committee meet regularly to review the cash flow considering the ongoing impacts of all these risks and attempt to plan ahead to mitigate them and be agile and dynamic in its approach to risk.

The Branch has suffered significantly from the impacts of the financial crisis, rise in costs and the pandemic and war in Europe. In response to these external influences, the branch has taken decisions to reduce its costs further by rationalisation of the retail department, animal care staffing numbers and looking at partnerships with other animal charities to broaden the positive impact on animal welfare. This has led to a planned reduction in staffing numbers in 2023, a review of animal intake to become more focussed and concentrate on the most in need from the society's weekly requests, be the most agile and versatile in approach to income generation and keep costs on or below budget.

Page 24

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Risk management- continued

It is recognised that legacies are a natural complement to the branch financial picture but not reliable or timely. The branch makes every attempt to balance its budget without reliance on legacies, and in 2022 with the existential rise in costs, the ability to refrain from drawing down reserves has been impossible. In 2022 and going into 2023, the need to rationalise activity, staffing, animal welfare objectives to sustain the branch into the future has been the branch's main focus. This has led to an undesirable drop in reserves and a reduction in the months left to continue. Some of the rationalisation has started to show benefits and improved the financial picture into 2024. There is much more work to be done.

Donations

Donations to the charity should be sent to the Trustees at the registered office. Cheques should be made payable to "RSPCA Leeds, Wakefield & District Branch". Alternatively, donations may be made online and further details of this are available on our website.

Approved by order of the board of trustees on 6[th] April 2023 and signed on its behalf by:

D Chappell - Trustee

Page 25

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 26

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

Opinion

We have audited the financial statements of RSPCA Leeds, Wakefield and District Branch (the 'charity') for the year ended 31st December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 27

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the entity and industries in which it operates, we identified the principal risks of non-compliance with laws and regulations related to the application of charitable funds and data protection. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011.

We assessed the susceptibility of the company's financial statements to material misstatement and how fraud might occur, including through discussions with the directors, discussions within our audit team planning meeting, updating our record of internal controls, and ensuring these controls operated as intended. We determined the principal risks were related to posting journal entries to manipulate profits, and management bias in accounting estimates, especially accrued income.

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed audit procedures which included, but were not limited to:

At the completion stage of the audit, the engagement partner's review included ensuring that the team had approached their work with appropriate professional scepticism and thus the capacity to identify non-compliance with laws and regulations and fraud.

Page 28

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

Our responsibilities for the audit of the financial statements

There are inherent limitations in the audit procedures described above and the further removed non-compliance of laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement relating to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Darwin FCA (Senior Statutory Auditor) For and on behalf of Thomas Coombs Limited Statutory Auditor Chartered Accountants 3365 The Pentagon Century Way Thorpe Park Leeds West Yorkshire LS15 8ZB

Date: 6[th] April 2023

Page 29

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Animal welfare
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Other costs
Employee costs
Direct costs on animal welfare
Premises costs
Governance costs
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
284,785
73,120
426,996
8,128
256
793,285
472,836
46,734
302,638
52,821
93,113
7,561
975,703
(67,665)
(250,083)
5,769
(244,314)
2,359,277
2,114,963		 Restricted
funds
£
17,130
-
7,171
-
-
24,301
-
4,000
-
14,532
-
-
18,532
-
5,769
(5,769)
-
-
-		 2022
Total
funds
£
301,915
73,120
434,167
8,128
256
817,586
472,836
50,734
302,638
67,353
93,113
7,561
994,235
(67,665)
(244,314)
-
(244,314)
2,359,277
2,114,963		 2021
Total
funds
£
248,563
52,929
215,392
10,542
472
527,898
371,481
44,294
258,951
43,294
90,460
4,211
812,691
40,096
(244,697)
-
527,898
2,603,974
2,359,277

Page 30

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

BALANCE SHEET 31ST DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds:
Free charitable reserve
Tangible fixed asset reserve
TOTAL FUNDS		 Unrestricted
funds
£
1,679,497
238,856
1,918,353
222,690
33,948
256,638
(60,028)
196,610
2,114,963
2,114,963		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-		 2022
Total
funds
£
1,679,497
238,856
1,918,353
222,690
33,948
256,638
(60,028)
196,610
2,114,963
2,114,963
435,466
1,679,497
2,114,963		 2021
Total
funds
£
1,730,969
498,231
2,229,200
60,157
127,927
188,084
(58,007)
130,077
2,359,277
2,359,277
628,308
1,730,969
2,359,277

The financial statements were approved by the Board of Trustees and authorised for issue on 6[th] April 2023 and were signed on its behalf by:

D Chappell - Trustee

S Cox - Trustee

Page 31

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Investment income
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2022
£
(272,124)
(272,124)
(23,351)
-
1,658
191,710
8,128
178,145
(93,979)
127,927
33,948		 2021
£
(124,553)
(124,553)
(54,039)
(102,437)
-
75,631
10,542
(70,303)
(194,856)
322,783
127,927

Page 32

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2022

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

2022
£
Net expenditure for the reporting period (as per the Statement of Financial
Activities)
(244,314)
Adjustments for:
Depreciation charges
71,326
Losses/(gain) on investments
67,665
Loss on disposal of fixed assets
1,839
Investment income
(8,128)
(Increase)/decrease in debtors
(162,533)
Increase/(decrease) in creditors
2,021
Net cash used in operations
(272,124)
2.
ANALYSIS OF CHANGES IN NET FUNDS
At 1/1/22
Cash flow
At
£
£
Net cash
Cash at bank
127,927
(93,979)
127,927
(93,979)
Total
127,927
(93,979)		 2021
£
(244,697)
74,398
(40,096)
102
(10,542)
110,724
(14,442)
(124,553)
31/12/22
£
33,948
33,948
33,948

Page 33

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Going concern- basis of preparation

In accordance with accounting standards by adopting the going concern basis of accounting in preparing the annual financial statements the trustees have considered a period of 12 months from the date of approval of the accounts.

Within those considerations the Trustees have noted the following:

Taking all of the above into the account the trustees consider that the charity will continue to operate within available banking facilities for at least the next 12 months from the date of these accounts. Accordingly the trustees continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Income

Donations and sponsored events are included in the Statement of Financial Activities when:

Legacies are recognised when it is probable that they will be received. Receipt is normally probable when:

Gifts donated for resale are included as income following their sales together with any related gift aid income (recognition of income before the date of sale is not considered appropriate due to the excessive costs of obtaining the relevant information). Accordingly no stock value is attributed to goods held at the balance sheet date.

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accruals model.

The charity operates a retail gift aid scheme to reclaim gift aid on the value of donated foods sold for those donors registered with the scheme.

No amounts are included in the financial statements for services donated by volunteers.

Interest is accounted for on an accruals basis.

Page 34

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

All expenditure is accounted for net of recoverable VAT.

Cost of charitable activities compromise all costs, including depreciation, incurred in respect of and directly attributable to the operation and maintenance of the animal centre in the Leeds & Wakefield district.

Costs of raising funds includes the overhead costs directly attributable to operating the charity's shops, as well as events and investment portfolio management.

Support costs are those costs incurred directly in support of expenditure in furtherance of the charity's objective.

Governance costs comprise the costs attributable to the management of the charity's assets and organisational administration.

The cost of volunteer time is not accounted for as this cannot be estimated reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Costs includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided to write off the cost less the estimated residual of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

Freehold property - 4% on cost and 2% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

Tangible fixed assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. When the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 35

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES - continued

Financial instruments

Derivative financial instruments are initially measured at fair value at the date on which a derivative contract is entered into and are subsequently measured at fair value through profit or loss.

Investments

Investments held by the charity are shares which are publicly traded. Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SoFA.

2. DONATIONS AND LEGACIES

Door to door donations
Other donations
Legacies
Grants		 2022
£
23,218
68,165
163,729
46,803
301,915		 2021
£
24,182
71,121
14,905
138,355
248,563

Grants received, included in the above, are as follows:

Other grants
Rose animal welfare trust
Cat Iso extension from regional board
Regional board
COVID business grants- charitable activities
COVID business grants- trading activities
Furlough grants- trading activities
Dog behaviour house from regional board
Furlough grants- charitable activities
OTHER TRADING ACTIVITIES
Fundraising events
Shop income
Pet grooming		 2022
£
20,591
10,000
-
10,000
-
443
-
5,769
-
46,803
2022
£
56,102
376,811
1,254
434,167		 2021
£
6,228
20,000
1,161
10,000
17,265
57,806
17,578
7,925
392
138,355
2021
£
36,127
173,486
5,779
215,392

3. OTHER TRADING ACTIVITIES

Page 36

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

4. INVESTMENT INCOME

Dividends from UK listed investments
Interest receivable
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Animal centre adoption
Animal welfare
Pet insurance commission
Animal welfare
Case animals
Animal welfare
Use of animal centre
Animal welfare
6.
RAISING FUNDS
Raising donations and legacies
Fundraising costs
Other trading activities
Purchases
Staff costs
Property leases
Rates and water
Insurance, light and heat
Telephone, postage, stationery and sundries
Legal fees
Motor and travelling
Staff training
Investment management costs
Portfolio management
Aggregate amounts		 2022
£
8,074
54
8,128
2022
£
28,384
3,113
25,485
16,138
73,120
2022
£
56,553
2022
£
6,637
251,034
84,391
5,534
7,312
45,902
3,012
8,051
610
412,483
2022
£
3,800
472,836		 2021
£
10,328
214
10,542
2021
£
18,952
2,440
25,598
5,939
52,929
2021
£
45,776
2021
£
4,210
196,792
71,148
2,779
5,580
33,046
1,620
5,462
1,281		 2021
£
10,328
214
10,542
2021
£
18,952
2,440
25,598
5,939
52,929
2021
£
45,776
321,918
2021
£
3,787
371,481

Page 37

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

7. CHARITABLE ACTIVITIES COSTS

Other costs
Employee costs
Direct costs on animal welfare
Premises costs
Governance costs		 Direct
Costs
£
32,334
218,848
67,353
59,793
-
378,328		 Support
costs (see
note 8)
£
18,400
83,790
-
33,320
7,561
143,071		 Totals
£
50,734
302,638
67,353
93,113
7,561
521,399

8. SUPPORT COSTS

Other costs
Employee costs
Premises costs
Governance costs		 Governance
Other
costs
£
£
18,400
-
83,790
-
33,320
-
-
7,561
135,510
7,561		 Totals
£
18,400
83,790
33,320
7,561
143,071

Support costs relate to expenditure incurred by the branch office. Direct costs relate to expenditure incurred by the animal centre.

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.

Trustees' expenses

There were no trustees' expenses or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
562,600
33,549
9,035

605,184
 2021
£
464,059
27,623
7,049
498,731

The gross remuneration of the senior management team during the year was £164,778 (2021: £150,820).

Page 38

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

10. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Administration
Management
Animal care
Charity shops
Fundraising		 2022
3
2
15
9
3
32		 2021
3
2
15
7
2
29

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Animal welfare
Other trading activities
Investment income
Other income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Other costs
Employee costs
Direct costs on animal welfare
Premises costs
Governance costs
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward		 Unrestricted
funds
£
237,031
52,929
215,392
10,542
472
516,366
371,481
44,294
258,951
43,294
90,460
4,211
812,691
40,096
(256,229)
16,532
(239,697)
2,598,974		 Restricted
funds
£
11,532
-
-
-
-
11,532
-
-
-
-
-
-
-
-
11,532
(16,532)
(5,000)
5,000		 Total
funds
£
248,563
52,929
215,392
10,542
472
527,898
371,481
44,294
258,951
43,294
90,460
4,211
812,691
40,096
(244,697)
-
(244,697)
2,603,974

Page 39

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL
TOTAL FUNDS CARRIED FORWARD
12.
TANGIBLE FIXED ASSETS
COST
At 1st January 2022
Additions
Disposals
At 31st December 2022
DEPRECIATION
At 1st January 2022
Charge for year
Eliminated on disposal
At 31st December 2022
NET BOOK VALUE
At 31st December 2022
At 31st December 2021		 ACTIVITIES - continued
Unrestricted
funds
£
2,359,277
Fixtures
Freehold
and
property
fittings
£
£
2,014,399
395,322
-
10,356
-
(300)
2,014,399
405,378
319,102
374,459
53,324
14,515
-
(231)
372,426
388,743
1,641,973
16,635
1,695,297
20,863		 Restricted
funds
£
-
Motor
vehicles
£
28,069
12,995
(7,236)
33,828
13,260
3,487
(3,808)
12,939
20,889
14,809		 Total
funds
£
2,359,277
Totals
£
2,437,790
23,351
(7,536)
2,453,605
706,821
71,326
(4,039)
774,108
1,679,497
1,730,969

The freehold property is utilised as an animal centre and head office of the charity.

13. FIXED ASSET INVESTMENTS

Cash and
Listed
settlements
investments
pending
£
£
MARKET VALUE
At 1st January 2022
461,246
36,985
Disposals
(210,925)
(7,582)
Revaluations
(40,868)
-
At 31st December 2022
209,453
29,403
NET BOOK VALUE
At 31st December 2022
209,453
29,403
At 31st December 2021
461,246
36,985		 Totals
£
498,231
(218,507)
(40,868)
238,856
238,856
498,231

All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Asset sales and purchases are recognised at the date of trade at cost (transaction value).

Page 40

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

13. FIXED ASSET INVESTMENTS - continued

The total value of the portfolio at 31st December 2022 was £238,856. The historical book cost was £241,572. The largest single holding was Fidelity UCITS (a North American equity fund), which amounted to 5.62% of the total portfolio valuation. The next largest holdings were Aegon (5.36%). No other individual investment represented more than 5% of the total investment portfolio valuation.

All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).

The significance of financial instruments to the ongoing financial sustainability of the Charity is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report.

The main risk to the Charity from financial instruments arises from uncertain investment markets resulting in variable income and capital returns from the portfolio of assets.

Currency translation risks remain for those companies and bonds that are exposed to overseas earnings and assets.

Liquidity risk is anticipated to be low as all assets are traded on recognised exchanges with good liquidity and high trading volumes. The Charity's portfolio has no material investment holdings in markets subject to exchange controls or trading restrictions.

The Charity manages investment risk by appointing professional investment managers and operating an investment policy that provides for a high degree of diversification of holdings within investment asset classes that are quoted on recognised stock exchanges.

The Charity does not make use of derivatives and similar complex financial instruments as it takes the view that investments are held for their longer term total return. Whilst some level of volatility can reasonably be expected, historic studies of quoted financial instruments have shown that volatility in any particular five year period will normally be corrected.

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
VAT
Prepayments
Accrued legacies		 2022
£
7,638
27
8,263
33,700
173,062
222,690		 2021
£
6,135
27
11,080
25,137
17,778
60,157

Some accrued legacy income may be received more than one year after the balance sheet date but it is not practical to estimate the amount due to uncertainty in the timing of the receipt of legacy income.

Page 41

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Taxation and social security
Other creditors		 2022
£
14,460
10,046
35,522
60,028		 2021
£
17,409
6,816
33,782
58,007

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2022
£
59,805
89,867
149,672		 2021
£
55,889
107,222
163,111

17. MOVEMENT IN FUNDS

Unrestricted funds
Free charitable reserve
Tangible fixed asset reserve
Restricted funds
Off lead maintenance
Animal welfare
Neutering grant
Dog behaviour house from regional board
TOTAL FUNDS		 At 1/1/22
£
628,308
1,730,969
-
-
-
-
-
2,359,277		 Net
movement
in funds
£
(176,918)
(73,165)
-
-
-
5,769
5,769
(244,314)		 Transfers
between
funds
£
(15,924)
21,693
-
-
-
(5,769)
(5,769)
-		 At
31/12/22
£
435,466
1,679,497
-
-
-
-
-
2,114,963

The transfers to the general fund represent the fulfilment of the capital spending restriction.

Net movement in funds, included in the above are as follows:

Unrestricted funds
Free charitable reserve
Tangible fixed asset reserve
Restricted funds
Off lead maintenance
Animal welfare
Neutering grant
Dog behaviour house from regional board
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
793,285
-
(902,538)
(73,165)
4,000
(4,000)
7,171
(7,171)
7,361
(7,361)
5,769
-
817,586
(994,235)		 Gains and
Movement
losses
in funds
£
£
(67,665)
-
(176,918)
(73,165)
-
-
-
-
-
-
-
5,769
(67,665)
(244,314)

Page 42

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Free charitable reserve
Tangible fixed asset reserve
Restricted funds
Donation for dog behaviour house
Cat Iso extension from regional board
West Yorkshire Combine Authority
Dog behaviour house from regional board
Donation for Branch van
TOTAL FUNDS		 At 1/1/21
£
847,544
1,751,430
5,000
-
-
-
-
5,000
2,603,974		 Net
movement
in funds
£
(198,729)
(74,500)
10,000
1,161
2,446
7,925
7,000
28,532
(244,697)		 Transfers
between
funds
£
(20,507)
54,039
(15,000)
(1,161)
(2,446)
(7,925)
(7,000)
(33,532)
-		 At
31/12/21
£
628,308
1,730,969
-
-
-
-
-
2,359,277

The transfers to the general fund represent the fulfilment of the capital spending restriction.

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
Free charitable reserve
Tangible fixed asset reserve
Restricted funds
Donation for dog behaviour house
Cat Iso extension from regional board
West Yorkshire Combine Authority
Dog behaviour house from regional board
Donation for Branch van
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
499,366
(738,191)
-
(74,500)
10,000
-
1,161
-
2,446
-
7,925
-
7,000
-
28,532
-
527,898
(812,691)		 Gains and
Movement
losses
in funds
£
£
40,096
(198,729)
-
(74,500)
-
10,000
-
1,161
-
2,446
-
7,925
-
7,000
-
28,532
40,096
(244,697)

Page 43

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022

17. MOVEMENT IN FUNDS - continued

Restricted funds

Animal welfare - donations received to be used to contribute towards the Charity’s vet bills.

Off lead maintenance- a donation to be used towards the maintenance of the off lead area.

Neutering grant- a grant received to be used to contribute towards the Charity’s vet bills.

Dog behaviour house – donations received to be used to contribute towards the dog behaviour house.

Regional board grant - a grant received to be used to contribute towards the cost of the cat isolation extension and dog behaviour house.

West Yorkshire Combined Authority- a grant received to be used towards the cost of computer equipment.

Donation for Branch van – a donation towards the cost of a van.

18. RELATED PARTY TRANSACTIONS

During the year the Leeds and Wakefield branch made purchases from the RSPCA National Society of £19,287 (2021: £12,669). The Leeds and Wakefield branch made sales to the RSPCA National Society of £30,696 (2021: £26,109). During the year the Leeds and Wakefield branch received grants totalling £24,760 (2020: £19,086) from RSPCA Yorkshire Regional Board. At 31st December 2022 the net amount owed from RSPCA National Society was £6,063 (2021: £977).

Page 44

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

INCOME AND ENDOWMENTS
Donations and legacies
Door to door donations
Other donations
Legacies
Grants
Other trading activities
Fundraising events
Shop income
Pet grooming
Investment income
Dividends from UK listed investments
Interest receivable
Charitable activities
Animal centre adoption
Pet insurance commission
Case animals
Use of animal centre
Other income
Insurance claims
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising costs
Other trading activities
Purchases
Wages
Social security
Pensions
Property leases
Rates and water
Insurance, light and heat
Carried forward		 2022
£
23,218
68,165
163,729
46,803
301,915
48,077
384,836
1,254
434,167
8,074
54
8,128
28,384
3,113
25,485
16,138
73,120
256
817,586
56,553
6,637
233,033
14,459
3,542
84,391
5,534
7,312
354,908		 2021
£
24,182
71,121
14,905
138,355
248,563
36,127
173,486
5,779
215,392
10,328
214
10,542
18,952
2,440
25,598
5,939
52,929
472
527,898
45,776
4,210
182,993
11,267
2,532
71,148
2,779
5,580
280,509

Page 45

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

Other trading activities
Brought forward
Telephone, postage, stationery, sundries and E-bay distribution costs
Legal fees
Motor and travelling
Staff training
Investment management costs
Portfolio management
Charitable activities
Wages
Social security
Pensions
Purchases
Insurance, light and heat
Rates and water
Telephone, cleaning etc
Re-homing and welfare costs (including boarding and
kennel fees)
Sundries
Legal fees
Depreciation of tangible fixed assets
Loss/ (profit) on sale of tangible fixed assets
Support costs
Other
Wages
Social security
Pensions
Rates and water
Insurance, light and heat
Telephone, cleaning etc
Sundries
Legal fees
Depreciation of tangible fixed assets
Governance costs
Auditors' remuneration
Total resources expended
Net expenditure before gains and losses		 2022
£
354,908
45,902
3,012
8,051
610
412,483
3,800
207,158
8,907
2,783
497
11,141
2,040
14,462
67,353
15,411
125
46,612
1,839
378,328
75,430
6,575
1,785
794
7,812
7,067
9,199
2,134
24,714
135,510
7,561
994,235
(176,649)		 2021
£
280,509
33,046
1,620
5,462
1,281
321,918
3,787
170,212
6,441
2,093
542
7,814
751
11,489
43,294
12,933
-
49,684
102
305,355
71,678
6,845
1,682
335
7,162
8,486
9,033
1,709
24,714
131,644
4,211
812,691
(284,793)

Page 46

RSPCA LEEDS, WAKEFIELD AND DISTRICT BRANCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments
Unrealised gains/ (losses) on fixed asset investments
Net expenditure		 2022
£
(26,797)
(40,868)
(244,314)		 2021
£
6,634
33,462
(244,697)

Page 47