Royal Society for the Prevention of Cruelty to Animals Liverpool Branch TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR 2024 Registered Charity Number 232254
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH Year ended 31 st Dember 2024 PATRONS: Sir James Sharples, Q.P.M. PRESIDENT: The Lord Mayor of Liverpool VICE-PRESIDENTS: The Mayor of the Metropolitan Borough of Kn0vleY The Mayor of the Metropolitan Borough of Sefton A LIThLE HISTORY "The Liverpool Society For Preventing Wanton Cruelty To Brut8 Animals. was formed by a group of people who got together in the Crown & Anchor Coffee House in Bold Street Liverpool at 7pm on the 25th October 1809. Thus came into being the first animal welfare society in the wodd. 1809 was the jubilee year of H.M. George111 and 25th October was jubi18e day. England was at war with France and Napoleon had banned trade between the conquered ¢onlinental countries and England. Reports of the Society's work appeared regularly in 'Billinges Liverpool Advertiser and Marine Intelli9ence°. These reports were ill recetved by certain hauliers and carters who could see that their sick and infirm animals might te prevented from working. This resulted in members of the SOCW being waylaid after their meetings and in consequence me8tings had to be held in secret. In $u¢¢e$sion, RSPCA LIVERPOOL BRANCH was established in 1841.
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH INDEX INDEX STATEMENT OF TRUSTEES, RESPONSIBILITIES 4-6 TRUSTEES, REPORT 7-10 REPORT OF THE AUDITORS 11 STATEMENT OF FINANCIAL LIABILITIES 12 BALANCE SHEET 13-19 NOTES TO THE FINANCIAL STATEMENTS
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH Year ended 31st Dember 2024 TRUSTEES. REPORT Registered Charity No. 232254 Principal Office: 2nd Floor, Unity Building, 20 Chapel Street. Liverpool L3 9AG Phone: 0151705 9090 The Governing Documents and Constitution: RSPCA Branch Model Rules revised October 2023 and the Charty Commission Scheme 30th April 1971. The Charity is constttuted as an unincorporated association. BRANCH COMMITTEE Officern: Chaimian". Mrs F. LYE Hon. Treasurer.. Mrs C. MALTON Hon. se¢tary.. Mrs E BAXTER Members: Ms G. LYE Ms L. FARRAR Ms N. MCQUAID (resigned January 2024) Bankers: HSBC BANK plc 99-101 Lord Street. Liverpool L2 6PG Auditors: Malthouse & Co 8 Rumford Place, Liverpool L3 9DD {0151284 2000) Investment Managers: RATHBONE INVESTMENT MANAGEMENT LTD Port of Liverpool Building. Pier Head, Liverpool L3 1 NW (0151236 6666)
TRUSTEES ANNUAL REPORT Year ended 31 St December 2024 The Trustees present their report and financial slalemenls of the charity for the year ended 31sI December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice (SORPI applicable lo charities preparing their accounts in accordance wilh the Finanual Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). LEGAL STATUS The charity is conslituled as an unincorporated assoaatK)n, its registered charity number being 232254. The principal office is now at 2Th* Floor, Unity Building, 20 Chapel Street, Liverpool, L3 9AG. Trustees are elected from Branch member5 al every Annual General Meeting lo cary on the work for the ensuing year. The members of the Committee shall consist of no less than five or rnore than fourteen elected members. The elected Committee can co-opt not more than three persons who shall be members of the Branch Commitlee until the next Annual General Meeting and who are eligible lo be appointed as officers of the Branch. Al Trustees are briefed on their responsibilities as Trustees prior lo their acceptance of the role. The Branch currently ha$ 5 Trustees. New Iruslees will undergo a period of orienlalion lo brief them on their legal obligations under charity. trust law. the Charity Guidance on public benefit., and inform them of the conlenl of the Branch governing documenlalion., the operation of the Branch Committee and decision-making processes. The RSPCA Liverpool Branch is a separate Charity {No. 232254) from the National Society bul is subject to and operates under the Rules for the National Society and the Rules for Branches as updated in 2006. OBJECTNES, FUNCTIONS AND PUBLIC BENEFIT STATEMENT The object of the charily is lo prevent Cruelly and to promote kindness lo animals within the Liverpool and Merseyside area as defined by the Society. The Trustees have reviewed the outcomes and achievements of our objectives and activities for the year to ensure they remain focused on our charitable aims and continue lo deliver benefits to the public. We have complied with the duty under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. ORGANISATION The Bran¢h operates as an autonomous Branch of the RSPCA subject lo its rules for Branches. The Branch is governed by a committee elected at the AGM who are Trustees of the Branch. The Committee is responsible for the management, financial affairs and animal welfare activities conducled by the Branch. PARTNERSHIPS The Branch operates a Welfare Voucher Scheme in partnership with Cats Protection and Care for the Paw to support their outreach work in deprived parts of Liverpool. The Branch also works closely with the Society's Inspeclorale providing financial support for animal welfare and neutering. The Branch supports the National Pet Food Partnership and supplies food on a regular basis to two Food Bank distribution points {St. Andrews Community Centre and St. Leonards in Bootlel. The Branch supports other l¢)cal Animal Charities and RSPCA Branches by accepting, for consideration, Grant Applications and funding projects, where appropriate, lo further the Branch aims and objectives. The Branch explored the possibility of setting up a clinic, but a cost benefft analysis indicated that using local vet facilities and working with Rescue Me. a local animal charity with on-site clinic, would make better use of available funds. On going support for RSPCA Soulhport and RSPCA Lancs East established a working partnership which could offer the Branch support with rehoming dogs if necessary. Increasing the number of local vets who are willing lo accept RSPCA Liverpool Branch vouchers, will make it easier for more people access health care and
neutering for their pets. The Trustees recognise that, in order to expand Branch operations in future. they may need to employ an Administrator." FINANCIAL REVIEW Total income for 2024 rose from £136.743 in 2023 to £293,274. This can largely be accounled for due lo an exceptional legacy of £150,000 received in the year. Total expenditure fell from £177.555 in 2023 to £154.548 this year. The biggest difference was grants paid to other charities which fell by £68.000. this was somewhat offset by the branch contribution levied by RSPCA HQ of£22.050 up from £551 in 2023. An additional £11.059 was spent on other charitable activities subsidising vet costs and buying pet fo(KJ for food banks. RELATED PARTY TRANSACTIONS There were no related party transactions in 2024. and no trustee received any mUneratIon or expenses. RISK ANALYSIS In previous years the trustees had identtfied several factors which would pose a risk to the Branch. With the decision taken to close the centre and cease operatin9 in 2019 the main risk was for insufficient trustees to be recruited to continue the Branch work. The other risk identified previously was the loss of legacy income which had continued al a very low18vel compared with previous years. The Iruslees were satisfied that there were sufficiently robust procedures in place along with the the recruitment of volunteers of suitable qualification and experience to minimise the risk error or fraud. RESERVES POLICY Reserves are necessary lo safeguard the branches, future. Following the closure and subsequent sale of the animal centre in 2021, the trustees needed lo address how the charity would continue to operate. The Iruslees are Wofking on building relationships wlh other local animal welfare organisations and collaborating with them to pursue the charity s aims and objectives. The majority of the chafrty's funds are invested to produce an income whilst the Iruslees consider the best way lo apply accumulated serveS going foard. The Iruslees have considered varioijs activities such as investing in a new animal centre or a new veterinary centre or working with other organisalions who are providing facilities already. They are also considering staff recruitment lo facilitate increased activity and are looking for new Iruslees who can bring new skills lo strengthen the charily 5 board. These discussions are ongoing into 2025. INVESTMENT POLICY Following the sale of the Branch's land at Halewood. substantial funds were available for Investment. The Trustees met with our portfolio management consultants. and a strategy was discussed and agreed. T.e Branch portfolio is managed by Rathbones Investment Management on a discretionary basis. The portfolio value al 31$1 December 2024 was £3,592,634, which includes £243.105 cash on deposit and at 31M December 2023 was £3,386,199. STATEMENT OF TRUSTEES RESPONSI8ILrriES The trustees are responsible for preparing the Trustees, Annual Report and the financial slalemenls in accordance wth applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Praclice). The law applicable to charities in IEngland and WaleslScotlandlNorthem Irelandl requires the trustees to prepare financial slalements for each financial year which give a Irue and fair view of the 8lale of affia1 o'i the carity and of the incoming reSoUrS and application of resources gf the charitg f-r that yeriod. In prepa,":ng these final1c-.1 stalemenLS. the.truetees are required lo..
Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements., and Prepare the accounts on a going COnM basis unless it is inappropriate to presume that the charty V11 continue in business. The trustees are responsible for maintaining proper accounting reGords which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the accounts comply with the Charrties Act 2011, the Charity (Accounts and Reports) Regulations 2¢)08 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for takn'ng reasonable steps for the prevention and detection of fraud and other iegUlaritIes. FUTURE PLANS Going forward the trustees plan to Continue to support the outreach work of the Cals Protection and Care for the Paw and to provide financial support for animal welfare and neutering. Where appropriate. the charity will continue to support other animal charities through grant funding and through collaboration on projects as appropnate GOING CONCERN These financial statements have been prepared on the going concem basis. INFORMATION TO AUDITORS At the time the report is approved, the trustees are not aware of any relevant audit information of which the auditor is unaware. and they have taken all steps that they each ought to have taken to make themselves aware of any relevant audit infom)ation and to establish thal the auditor is aware of that information. Approved by tho Commltte• on 2J .Y.. 2025 Mrs F. Lyo Mrs E. Baxter TRUSTEES
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES YEAR ENDED 31 DECEMBER 2024 Oplnion We have audited the financial statements of the Royal Society for the Prevention of Cruelty to Animals Liverpool Branch Ithe'charity.) for the year ended 31 December 2024 which comprise the Statement of Financial Adivities, the Balance Sheet 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 PraGtice). In our opinion the financial sL*ements: give a true and fair view of the slate of the Charity's affairs as at 31 December 2024 and of its incoming resources and application of resources. for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinlon We ¢onducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK}) and applicable law. Our responsibilrties under those slandards ar8 further described in th8 Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethirAI 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 responsibilrties in accordance with these requirements. We believe that Ihe audit evidence we have obtained is suffiaent and appropriale to provide a basis for our opinion. Other matter The figures included in the financial statements in respect of the prior period are unaudited. Conclusions relating to going concern In auditing the financial statements, we have conduded 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 perfomed, we have not identrfied any material uncertainties relating to events or conditions that. individually or collectively, may cast signrficant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authonsed for issue. Our responsibilities and the responsibilities of the trustees with respect to going con¢em are described in the relevant sections of this report. Other infomiatlon The trustees are responsible for the other infomation. The other infomiation Gomprises 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 infomiation and. expt to the extent otherwise explicitly stated in our report. V do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomiation and, in doing so. consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identrfy such material inconsistencies or apparent material misstatements, we are required to detem)ine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work have performed, we conclude that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard Matters on whlch we are r8qulrnd to report by exceptlon We have nothing to report in respect of the foll¢Jwing matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf. in our opinion: the infomation given in the Report of the Trustees is inconsistent in any material respect with the financial statements- or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records and retums., or we have not received all the infomiation and explanations we require for our audit. Rosponslbllltles of trustees As explained more fully in the Statement of Trustees. R8sponsibiliti88. 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 detemine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In pparing the financial statements, the trustees are responsible for as$essing the charitws ability to ¢ontinue as a going concem. disclosing. as applicable, matters related to going ¢oncem and using the going concem basis of aUntIng unless the trustaes either intend to liquidate the Charity or to cea88 operations, or have no realistic alternative but to do 80. Our re8pon8lbllftle8 for the audlt of the financlal 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 assuran 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 18 not a guarantee that an audtt 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 irffluence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with ISAS (UKI, we exercise professional judgement and rnainlain professional scepticism throughout the audit. We also.. identify and assess the risks of material misstalement of the charity's financial statements, whether due to fraud or error. design and perfom audrt procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. The risk of nol detecting a material misstatement resutting from fraud is higher than for one resulting from eor, as fraud may involve collusion, forgery. intentional omissions. misrepresentations, or the override of intemal control. obtain an understanding of intemal control relevant to the audit in order to design audit prOdureS that are appropnate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the charity's intemal control.
evaluate the appropTiateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. conclude on the appropriateness of the trustees. use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or condttions that may cast significant doubt on the charity's ability to conlinue as a going concem. If V conclude that a material uncertainty exists, we are required to draw attention in our auditorfs report to the related disclosures in the financial statements or. rf such disclosures are inadeqtjate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditions may cause the charity to cease to continue as a going concem. evaluate the overall presentation, strudure and content of the financial statements, including the disclosures, and whether the financial statements represent the underfying transactions and events in a manner that achieves fair presentation {i.8. gives a true and fair view). We Gommunitste with those Charged with govemance regarding. among other matters, the planned scope and timing of the audtt and signffjicant audit findings, including any significant defi¢ien¢ies in intemal Control that we identify during our audit. The extent to which our procedures are capable of detecting irregularities, including fraud 1$ detailed below.. Our approach to identifying and assessing the nsks of material misstatement in respect of irregularities, including fraud and non-¢ompliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence. capabilities and skills to identify or recognise non<ompliance with applicable laws and regulations., identified the laws and regulations applicable to the charity through discussion8 Wlth trustees and other management, and from our commercial knowledge and experience of the charitls sector., we focused on specific laws and regulations which we consider8d may have a direct material effect on the financial statements or the operations of the charty.. we assessed the extent of compliance WFth the laws and regulations identffied through making enquiries of management and inspecting legal correspondence. We assessed the SUspIlblIIty of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur. by.. making enquiries of management as to where they considered there was susceptibility to fraud. their knowledge of actual, suspected and alleged fraud: Considering the intemal Controls in place to mrtigate nsks of fraud and non<ompliance with laws and regulations. To address the risk of fraud through management bias and override of controls, w8.. perfomed analytical procedures to identrfy any unusual or unexpected relationships; tested joumal entries to identrfy unusual transactions and investigated the rationale behind them; assessed whether judgements and assumptions made in detemiining the accounting estimates were indicative of potential bias.
n response to the risk of irregularities and non-complian with laws and regulations, we designed procedures which included, but were not limtted to: agreeing financial statement disclosures to undedying supporting documentation., reading the minutes of meetings of those charged wrth govemance; enquiring of management as to actual and potential litigation and claims. There are inherent limitations in our audit wocedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Audrting Standards also limit the audit procedures required to identify non-¢ompliance with lav4s and regulations to enquiry of the directors and other management and the inspedion of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsilylities for the audit of the financial Statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description foms part of our Report of the Independent Auditors. Use of our report This report is made solely to the charty'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 mwht stale to the charity's trustees Ihose 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 char¢ly's trustees as body, for our audit work, for this report, or for the opinions we have formed. Guy Playfer BA FCA (Senior Statutory Auditor) For and on behalf of Malthouse & Company Chartered Accountants and Slatulory Auditors America House, Rumford Court Rumford Place Liverpool Merseyside L3 9DD Dale.. 3 0(*oL. io
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 INCOME AND ENDOWMENTS Donations Legacies 25,474 177,202 202,676 26,886 12,526 39,412 Income from Inv•8tm?nts Investment in¢ome 90,598 97,331 TOTAL INCOME AND ENDOWMENTS 293.274 136,743 EXPENDITURE Raislng Funds Investment Management Costs Charitable Actjvities 24,305 130.243 22,618 1 $4,939 TOTAL EXPENDITURE 154,$48 177,555 OTHER RECOGNISED GAINS AND LOSSES Realised gainlloss on investments Unrealised gainlloss on investments TOTAL RECOGNISED GAINS AND LOSSES 13) 220,580 143,1091 147.126 220,577 104.017 NET INCOME 359.303 63,205 RECONCILIATION OF FUNDS Total Funds brought fotward Totsl Funds Carried forward 3,508,657 3,867,960 3,445,452 3,508,657 The Statement of Finanaal Activities includes all gains and losses recognised in the year. All income and expenditur8 derive from continuing activrties. The not on 13 to 19 tomi p¥rt of •e¢ounts
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH BALANCE SHEET YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds 2024 Unrestricted Funds 2023 FIXED ASSETS Tan9ible assets Investments 2,427 3.592.634 3,595.(1 1,562 3,386,199 3,387.761 CURRENT ASSETS Debtors Cash al bank 10 27.365 112,296 139,661 {18,7651 286,158 291,221 CREDITORS: Amounts f•lllng du• wlthln one year 11 118.322) NET CURRENT ASSETS 272.899 120,896 NET ASSETS 3.867.0 3,508,657 TOTAL FUNDS 3,867,960 3,508.657 These financial sLqtements Vre approved and signed by the members of the Committee on tifvt2025 Mrs F. Lye Mrs E. Baxter Th• not•• on pag•s 13 to 19 forni part of th•8• accounts 12
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Legal Status The charity is a public benefit entty and is constttuted as an unincorporated association, its registered charity number being 232254. Basis of accounting The financial stalements have been prepared in accordance with the Financial Reporting Standard 102, as issued by the Finanoal Reporting Council (effective 1 January 2015) and the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities preparing their accounts in arxordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)". They are prepared on the historical ¢ost basis, expt for investments whith have been included al fair value. The financial statements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a true & view. This departure has involved following the Statement of Recommended Practice for Charities applying for FRS 102 rath8r than the version of the Statement of Recommended practice which is referred to in the Regulations. but which has since been withdrawn. Golng Concern These financial statements have been prepared on the going concem basis. Legacles, donatlons, voluntary Income and fees charged. Cash donations, gifts and fees charged are included In full in the Statement of Financial Activrties as they become receivable. Legacies are included in the Statement of Financial Activrties when the monetary value of the Legacy is known, and confimiation has bean received that the legacy is due. Grants Grants, including grants for the purchase of fixed assets. are recognised in full in the Statemenl of Financial Activities in the year in which they ar8 receivable. Inveslment Income Investment income is recognised when receivable and the amount can be measured reliably by the Charity. Investrnonts Fixed asset investments are disclosed in the financial statements at market value. Unrealised gains or losses on investrnents are FKovided for in the Statement of Financial Activities. Money deposited for a specific period of time (within the investment portfolio) is intended to be held for a period of more than one year and is therefore classified by Ihe trustees as a fixed asset investrnent in the financial statements. Sharo Dlsposals Realised gainsllosses on the sale of shares are calculated by deducting the cost of investments from the nel proceeds received. Unrealised gainsllosses represent the movement dunng the year of the markel value of listed investments, net of any unrealised gainsllosses becoming realised on disposal of investments durtng the year. 13
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Taxation The society is a registered charity and is therefore not liable to corporation tax. Flxed Assets Tangible fixed assets are inilialty measured at st and subsequently measured at cost, nel of depreciation and any irnpairmenl losses. The gain or lo$$ arising on the disposal of an asset is determined as the difference between the sale pro¢eeds and the carrying value of Ihe asset and is credited or charged profit or loss. Depro¢lation DeprlatIon is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.. - 20% reducing balance method. - 25% dUcIng balance method. Fixtures, fittings and computer equipment Motor Vehicles Oporatlng lea$e agreemen1$ Renta15 applicable lo operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against proffts on a straight-line basis over the period of the lease. ExpendSture Expenditure is recognised on an accruals basis as a liability is incurred inclusive of VAT and is reported as part of the expendrture to whith it relates.. Costs of generating funds comprise the costs associated wlh the investment portfolio. Charitable expenditure comprises those costs inajrred by the charity in the delivery of ils aclivilies.11 includes both Costs that can be allocated directly lo such activities and those Costs of an indirect nature necessary to support them. Governance costs include those costs a$Slated with meeting the constilulional and ststutory requirements of the charity and include the audil fee andlor independent examiner fee as appropriate. Financial Instruments The RSPCA Liverpool Branch has elerted lo apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 '01her Financial Issues. of FRS 102 to all of ils financial instruments. Financial instwmenls are recognised in the balance sheet when the Branch becomes party lo the contractual provisions of the Instrument. Financial assets and liabilities are offset. with Ihe nel amounts presented in the financial slalements. when there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net basis or realise the asset and settle the liability simultaneously. 14
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 Bas1¢ financlal assets Basic financial assets, which include debtors and cash and bank ba18nces. are initially measured al transaction price including tranSactn costs and are subsequently carried al amortised cost using the effective interest rnethl unless the arrangement constilules a rinancing Iransaclion, where the Iransaclion is measured al the present value of the future re¢eipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllities Basic financial liabilities, including credilofs and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a marl(el rale of interest. Financial liabilities are classified as payable within one year are not amortised. Oebl instruments are subsequently carried at amortised cost. using the effective interest method. Trade creditors are obligalions lo pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non- ¢urrenl liabililies. Trade Creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of flnanclal Ilabllllles Financial liabilities are derecognised when Ihe Branch's Contractual obligations expire or are discharged or cancelled. Judgemgnts, astlmat•s and assumptlons In the application of the charity's accounting policies, the trustees are required lo make judgements, estimates and assumptions about the carying value of asset5 and liabilities. The most significant accounting estimate this year is: Valuation of listed inveslmenls - see note 8 15
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 DONATIONS Unrestrt¢ted Unrestricted Funds 2024 Funds 2023 Subscriptions, donations and collects.ons 25,474 26,886 LEGACIES Unrestricted Unreslricled Funds 2024 Funds 2023 Legacies 177,202 12,526 INVESTMENT INCOME Value 2024 Value 2023 Income 2024 Income 2023 UK quoted and foreign investrn8nts UK portfolio cash 3,349.529 243. 105 3.036.331 349.868 79,496 11,102 90,598 79,607 17,724 3.592,634 3,386.199 97,331 CHARITABLE ACTIVITies unstrICted Unrestncted Funds 2024 Funds 2023 Dlrnct cost• Voucher scheme Pel food for food banks Grant scheme 22,529 5.398 40.000 11,512 5.356 108.000 67,927 124,868 Support costs Rent Rates and insurance Printing, stsljonery and telephone Legal and professional fees Branch Contnbulion Depre¢iation- net Bookkeeping eharges Motor and travelling Computer costs Subscriptions Sundry Anilog Sothya support Finance 16.387 1.135 3,865 286 22,050 606 8,310 43 473 587 14,374 1,269 3,901 271 551 391 7,440 183 424 451 291 -5,445 126 28 53,916 24.227 Goveman¢e ¢ts Audit l independent examination fee 8,400 8.400 16
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 TOTAL RESOURCES EXPENDEO Depreciabon Other costs Total 2024 Total 2023 Cost of generating fund$ Charitsble activity Support costs Govemance ¢osts 24,305 67,927 53,310 8,400 153,942 24,305 67.927 53.916 8,400 22.616 124.868 24,227 5,884 606 154,548 177,555 TANGIBLE FIXED ASSETS Equipment Total COST Al 1 January 2024 Additions Disposals At 31 De¢•mb•r 2024 33.691 1,471 33,691 1,471 35,162 35,162 DEPRECIATION At 1 January 2024 Charge fof the year On disposals At 31 Dec•mb•r 2024 32,129 606 32.129 32.735 32.735 NET BOOK VALUE At 31 De¢•mb8r 2024 2.427 1,562 2,427 1,562 Al 31 December 2023 All of the langlNo flxed assels inelu¢Jed obovè are for use by the charity. INVESTMENTS Movom•nt In market valut 2024 2023 Market value al 1 January 2024 Acquisitions al cost Movement of cash held Disposals at opening boc*k v8lue Unrealised gainlloss on investmonts Market value al 31 December 2024 3,386,199 517,013 (106,7631 (424.3951 220.580 3.297,514 834.391 1665,2771 (227,5551 147,126 3,386,199 3.592,634 Historical cost at 31 Dec¢mber 2024 3,367,320 3.381,465 Analysis of Investm•nts at 31 DeceMr 2024 Totsl 2024 Tol812023 Li$tèd Investments UK and ovgrseas quoted sharos Other UK cash held as part of portfol 3,349,529 3.036.331 243,105 3.592.634 349,868 3,386,199 17
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 RELATED PARTY TRANSACTIONS The chafity received a share of fundraising from the RSPCA National Society lotalling £21.816 during the year. The charity paKI a branch contribution of £22,050 to the RSPCA Nation81 Society during the year. Expenses of £78 were 1mbur$ea to a volunteer (not a trustee). Charity expenses totslling £115 were paid by a trustee and have been included as a donation in the accounts. 10. DEBTORS 2024 2023 Other debtors Prepayments and accrued in¢on 2.098 2.965 25,192 2,173 27,365 5.063 11. CREDITORS: Amounts f•lllng due wlthln on• y•ar 2024 2023 Trade creditors Accruals and deferred income 1,063 17,259 6,118 12,647 18,765 18,322 12. PENSIONS The RSPCA. Liverpool Branch participated in the Scoth'sh Voluntary Sector Pension Scheme (tha Scheme). The Scheme is a mullimployer defined benefit IDBI pension scheme. The Scheme is funded and was contracted out of the state scheme unbl 31 March 2010, when the scheme was closed to future accrual. The Scheme operated a single benefft structure, final salary wilh 8 1160th accrual rate until 30 September 2007. From October 2007 the We benefit structures available, these were final salary with a 1160th accrual rale and final salary with 8 118 a¢crual rate, until the dale of the S¢heme Closu on 31*1 March 2010. The s¢h•m& closed to futu accrual on 31# March 2010. There is currendy no intention to wind- up the Scottish Voluntary Sector Pen$h?n Scheme and it continues in paid-up fom. The RSPC& Liverpool Branch withdrew from the sche and paKI a settMnt of £608,978 in January 2022 to cover its Section 75 debt on wilhdrawal. 13. ANALYSIS OF NET ASSETS IN FUNDS Investments Tangible ffixed assets Other net assets Total Funds 3.592.634 2,427 272,899 3,867.9SO 18
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS LIVERPOOL BRANCH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 14. MOVEMENT IN FUNDS Asat lftcoming Resour¢es 01.01.24 Resources Expended Gainsl Asal 31.12.24 Lo$se$ Transfers Unrestricted fvnds General fund 3,508,657 3,508,657 293.274 293.274 154,548 220,577 154,548 220.577 3.867.960 3.867.960 Comp•ratlvo8 for mov•mont In fund• Asat Ino)ming Resources 01.01.23 Resources Expended Gainsl Losses Asat 31.12.23 Transfers Unrestricted funds General fund Re$tri¢led fvnds Investment fund 748,432 57,136 159,057 18,942 2.843,204 3,508,657 2,697,020 3,445,452 79.607 136.743 18,498 85,075 -2,843,204 177,555 104.017 3,508,657 Curr•nt and prlor yfr•r comblnad pasltlon Asat Incoming Resources 01.01.23 Resources Expended Gainsl Losses Asat 31.12.24 Transfers Unrestricted funds General fund Restricted fvnds Inv8strnenl fund 748,432 350,140 313,605 239.519 2.843.204 3,867,960 2.697,020 3,445,452 79,607 430.017 18.498 85,075 -2.843.204 332.103 324,594 3.867,960 15. FINANCIAL INSTRUMENTS 2024 2023 Carrying amount of finan¢lal assets Debt instruments measured at amortised cost Equty instruments measured al cost less impaimient 3 592 634 3 386 199 Carrylng afflount of fin•n¢i•l liabilitios Measured at amorb.sed cost 19