ROYAL SOCIETY FOR THE PREVEoN OF CRUELTYID ANIMALS
Trustees, report
Our objectives and activities
Our core work and public benefit
The charity's prinwy objective is to support the national body. the RSPCK in our designated area in
South Buckinghamshire, ID the PVention of auelty to animals. Our main aLlivities ate animal
rescue and re-homin& neutering service& we]fare services a1 education.
A SustaibIe RSPCA
Currently we have 3 retail shops which are the piimary source of our income and eSU5
our reserves are at a suffiaent level.
We continue to be provactive with our recNitsTrent of tn]stees and volunteers. We are keen to attract
individuals that would be willing to take on roles Tequirmg a significant time commitmenL in order
to create stability in (iur d]arity as well as having a breadth of experience to keep all our goals on
track and delivered in an ethi manner.
Thistee's statement of re4)On8lbllltks
The Thistees are legally tequired to prepatE financial sts(emetts tor each year 8nd an Annual Report
on the acdvldes of the charfty durfn8 the year. The financlal statements are ptepared fin accordance
wlth The. Charities Sra(emeht of R0MMended Praaice (SORP) 2015 Flnancial Reporting Standard
(FRS 102) which Call into effect from l January 2015.
En preparing the financial ststements, the Trustees are wulred to.. prepare accounts whlch represent
a true and fair view" select suitsble accouniing polioes and then apply thern consistendy. make
Judgements and estimates that are reasonable and prudent. State whether applicable accounting
standards have been followed" prepare the statements on a going concern basis unless it is
Inappropriate to assume that the chltY will continue to operate and prepare an assessment of the
risks and opportunitie$.
The Trustees are pOnSIble for ensuring that proper accounting record5 are kept which disclose
with reasonable accuracy at any time the fllhincial p)sition of the charity and
enable Thistees to ensure that financial ststements comply with the Charities Act 2011 and the
Charities (Accounts and Reports) Regulations 2008. The Thistees are a]so responsible for taking
reasonable steps for the prevention and detection of fraud and other inEgularities by the
e5tabli5bmeDt of a system of internal control5.
RSPCA Nadonal Sockty
The RSPCA'S statutory status. its internal ndes and its branch rules regulate the relationship between
the Society and the branches. Each branch is esthblished as an unincorporated cFwitable association,
but the RSPCA Council has EM)wers to inteene in a branch's affairs in cettain arcumstances. Much
of the RSPCA'S dirert animal we]fr is carried out through its branche5 such as subsidised
veterinary care and rehotning in their local areas. The national Sooety works closely with the
RSpCAbrabes in delivering animal we]faTe aitDs atKI strategy aEKI PTovides sOll fi'nancial and
otheT SUPEK)rt to the branche5.
ROYAL SOCIETY FOR THE PREVENTION OF CRUELTYTO ANIMALS
Public benefit
All charities in England and Wales have dwitable aims that are based on providing public benefit
and cotnply with the Charities Act 2011. The IneeS pay due regard to chilY Commission
guidance on public nefIt. Preventing cruelty and pmjnotsng kindn to anima15 promotes humane
sentiment in huD]ans towards animals which gives a moral benefit to the human community as a
whole.
Financial Risk management
The chity is managing a portfollo of financlal iisk& The trttstees identify rk)w and monitor existing
major risks in their monthly meetings, consider their wtential impacL and tske appropriate actions
to mitigate or manage such risks.
As at 31" December 2022 the charity held £486,993 in bank deposits with six different banks. The
charity holds current accounts with Lloyds and Natwest and deposit accounts with Vjrgin Money,
Santsnder, Shawbrook, chlty Bank and Nationwide. Thereby maximising interest income and
minimising risk.
Fknancial Review
The Statement of Financial Activitles (SOFA) on page 6 reports a defich for the year of £32,953.
The accounts (financial statements) have Len prepad in accordan with the Statement of
Recommended Prattice: accounting and reporting by charities preparing their accounts in
accordance with the Flnancial Reporting Standard applicable in the UK and RepublRc of ]land
(FRS 102) issued on 16 July 2014 a1 the Financial Reporting Standanl applicable in the United
Kingdom and Republic of Ireland (FRS 102). and the Charities Act 2011 and UK Generauy
Accepted Practice as it applies from l January 2015.
In 2021 the charity had sufficient fu]Ing to allow it to pay for all anIll1 care costs and educational
activities in full in the South Bucks area.
The year's financial perfomiance in terms show5 a net movement in funds of £(32.953). This is a
substantial decrease from 2021, where the movement was £42.327. The main contiilKrtory factor6 to
this are, firstly, in 2021 the Branch was in receipt of Jegacies amounting to £37,553 however in 2022
legacies amounting to £15(Kl We received. Secondly our veterinary costs have increased to
£64.158 in 2022 fronj £43,251 in 2021 as a resu]t of increased anima] rehomin8 and InCaSed
tequests for welfare assistance.
Additional income from hoM]ng and cash invests1)1$ in 2022 of £8,994 are increased on that of
2021 £5.919. Our total income for 2022 being £320.165 compared to an incorne figure of £347.453
in 2021. Other Income for 2021 induded £21,601 received through the Coronavirus Job Retention
Stheme.
The surplus generated by the Shops has refflned constanL £100.793 ID 2021 and £102,786 irA 2022.
Whilst personnel costs relating to the shops have increased £79.196 in 2021 and £103.755 in 2022
those relating to the Branch's charitable aims have reduced from £89,514 in 2021 to £69,576 in
2022.
In tern of the charity'5 operational objectives, income fmm its SUPPOrters and donors has decreased
13.44% to £34,224 from £39,540 in the previous year. Thi5 RS, in all probability, a direct result of the
substantfial rise in the cost of ]iving.
Costs across the diarity over the previous year have increased by 15.73%. an increase on the
previous year's increase of 3.40%, with total eXndItUre of £353.118.
ROYAL SOCIETY FOR THE PREVEoN OF CRUELTY TO ANIMALS
Nearly a quarter of our total spendlng has been dlrecdy upon Anlmal Welfare. £78,Tr)7 was spent in
2022, an increase of 44.8% from 2021.
The charity's free financial reserves have deaSed by £32,953 from the previous year to £507,282
representing 17 months of expendittwe, whicb will Ll)ntIll to provide a good buffer against future
linancia] uncertainty.
It is the Thjstees, intentions that the clwity will continue'to prioritise expenditure Rn accotdance with
our charitable aims and objectives.
The charity will consider finan assisLince for other RSPCA branches in finla1 difficulties.
whilst being awa of the need to hold an appropriate level of financid reserve5 trj ensure colrtinued
resilience and allowing the charity to plan with confidence future sEknding in improving the welfa
of animals that come into our care.
It is a teSlent to the loyalty and hard work of our supportets. etnployees and volunteers that has
enabled the charity to cononue to provide important anIn welfare suptM)rt during the year. The
Th19tees are tha(fUl to all involved.
The charity only holds unrestricted funds. As at 31 December 2022, the balance of funds was
£507,282. There are no pension liabiliues as the cljariry's scheme is defined contribution. The
charity's rVeS w)licy is to maintsin a level of free reserrfes that will enable the chariry to ensure a
continuity of activity and have the ability to respond to significant external economic changes and
demands on SeiceS provided by the charity. The charity holds the equivalent of seventeen months
of operational expenditure in either cutrent or dep)sit accounts, which is deemed appropriate.
Valerfe Brickell ( Honordry Treasurer)
On behalf of the TheeS of RSPCA South Bucks Branch
**Registered Charity Number 243352**
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOUTH BUCKS BRANCH**
## **Report and Accounts for the year ended 31 December 2022**
**Lane Accounting Limited Chartered Accountant Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL**
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees’ Report|**1-3**|
|Independent Examiner’s Report|**4**|
|Statements of Financial Activities
|**5-6**|
|Balance Sheet
|**7**|
|Notes to the Financial Statements
|**8-11**|
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Trustees’ report**
## **Our objectives and activities**
## **Our core work and public benefit**
The charity’s primary objective is to support the national body, the RSPCA, in our designated area in South Buckinghamshire, in the prevention of cruelty to animals. Our main activities are animal rescue and re-homing, neutering services, welfare services and education.
## **A sustainable RSPCA**
Currently we have 3 retail shops which are the primary source of our income and ensures our reserves are at a sufficient level. Unfortunately, as a result of restrictions imposed by the Covid 19 pandemic we have been unable to engage in any fundraising activities.
We continue to be pro-active with our recruitment of trustees and volunteers. We are keen to attract individuals that would be willing to take on roles requiring a significant time commitment, in order to create stability in our charity as well as having a breadth of experience to keep all our goals on track and delivered in an ethical manner.
## **Trustee’s statement of responsibilities**
The Trustees are legally required to prepare financial statements for each year and an Annual Report on the activities of the charity during the year. The financial statements are prepared in accordance with The Charities Statement of Recommended Practice (SORP) 2015 Financial Reporting Standard (FRS 102) which came into effect from 1 January 2015.
In preparing the financial statements, the Trustees are required to: prepare accounts which represent a true and fair view; select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed; prepare the statements on a going concern basis unless it is inappropriate to assume that the charity will continue to operate and prepare an assessment of the risks and opportunities.
The Trustees are responsible for ensuring that proper accounting records are kept which disclose with reasonable accuracy at any time the financial position of the charity and enable Trustees to ensure that financial statements comply with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. The Trustees are also responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities by the establishment of a system of internal controls.
## **RSPCA National Society**
The RSPCA’s statutory status, its internal rules and its branch rules regulate the relationship between the Society and the branches. Each branch is established as an unincorporated charitable association, but the RSPCA Council has powers to intervene in a branch’s affairs in certain circumstances. Much of the RSPCA’s direct animal welfare is carried out through its branches such as subsidised veterinary care and rehoming in their local areas. The national Society works closely with the RSPCA branches in delivering animal welfare aims and strategy and provides some financial and other support to the branches.
1
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Public benefit**
All charities in England and Wales have charitable aims that are based on providing public benefit and comply with the Charities Act 2011. The trustees pay due regard to Charity Commission guidance on public benefit. Preventing cruelty and promoting kindness to animals promotes humane sentiment in humans towards animals which gives a moral benefit to the human community as a whole.
## **Financial Risk management**
The charity is managing a portfolio of financial risks. The trustees identify new and monitor existing major risks in their monthly meetings, consider their potential impact, and take appropriate actions to mitigate or manage such risks.
As at 31[st] December 2021 the charity held £521,145 in bank deposits with six different banks. The charity holds current accounts with Lloyds and NatWest and deposit accounts with Virgin Money, Santander, Shawbrook and Nationwide. Thereby maximising interest income and minimising risk.
## **Financial Review**
The Statement of Financial Activities (SOFA) on page 6 reports a surplus for the year of £42,327. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
In 2021 the charity had sufficient funding to allow it to pay for all animal care costs and educational activities in full in the South Bucks area.
The year’s financial performance in terms shows a net movement in funds of £42,327. This is a substantial increase from 2020, where the movement was £(56,320). The main contributory factors to this are, firstly, an increase in shop income. In 2020 the shops reported a surplus of £38,804 and in 2021 this was increased to £100,793. Secondly the charity was in receipt of legacies amounting to £37,553.
Additional income from re-homing and cash investments in 2021 of £5,919 are reduced from that of 2020 £9,545. Our total income for 2021 being £347,453 compared to an income figure of £238,825 in 2020.
In terms of the charity’s operational objectives, income from its supporters and donors has increased 7.8% to £39,540 from £36,673 in the previous year. This demonstrates our supporters’ commitment during what, for many, has been an uncertain year.
Costs across the charity over the previous year have increased by 3.4% being much reduced on the previous year’s increase of 10%, with total expenditure of £305,126.
Almost a sixth of our total spending has been directly upon Animal Welfare, a figure of £53,918 which is a increase of 27% from 2020.
The charity recognises the invaluable financial support that has been made available to us during the year.
2
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
The Coronavirus Job Retention Scheme enabled the charity to claim up to 80% of salary costs, for those members of staff that were unable to work due to government imposed restrictions, amounting to just over twenty thousand pounds. During the lockdowns we were able to retain our shop staff by putting them on furlough or flexi-furlough and taking advantage of the Scheme. Between January and June 2021 each of our shops received grants of £14,276 from Buckinghamshire Council.
The charity’s free financial reserves have increased by £42,327 from the previous year to £540,235 representing 21 months of expenditure, which will continue to provide a good buffer against future financial uncertainty.
It is the Trustees’ intentions that the charity will continue to prioritise expenditure in accordance with our charitable aims and objectives.
The charity will consider financial assistance for other RSPCA branches in financial difficulties, whilst being aware of the need to hold an appropriate level of financial reserves to ensure continued resilience and allowing the charity to plan with confidence future spending in improving the welfare of animals that come into our care.
It is a testament to the loyalty and hard work of our supporters, employees and volunteers that has enabled the charity to continue to provide important animal welfare support during a most unusual and difficult year. The Trustees are thankful to all involved.
## **Reserves**
The charity only holds unrestricted funds. As at 31 December 2021, the balance of funds was £540,235. There are no pension liabilities as the charity’s scheme is defined contribution. The charity’s reserves policy is to maintain a level of free reserves that will enable the charity to ensure a continuity of activity and have the ability to respond to significant external economic changes and demands on services provided by the charity. The charity holds the equivalent of twenty one months of operational expenditure in either current or deposit accounts, which is deemed appropriate.
................................................... Valerie Brickell ( Honorary Treasurer)
On behalf of the Trustees of RSPCA South Bucks Branch
3
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Independent Examiners’ Report to the Trustees**
We report on the accounts for the year ended 31 December 2022 set out on the following pages.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
____________________
**Lane Accounting Limited Chartered Accountant Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL**
11
4
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Statement of Financial Activities for the year ended 31 December 2022**
|**Notes**
**INCOME**
**DONATIONS & LEGACIES**
Subscriptions and collecting boxes
Donations and fund-raising events
Legacies
**INCOME FROM INVESTMENTS**
Interest receivable
**INCOME FROM TRADING ACTIVITIES**
Re-Homing income
Shops Income
**6**
**OTHER INCOME**
**TOTAL INCOME**|**2022**
**2021**
**£**
**£**
**£**
**£**
1,609 685
34,224
39,540
1,500
37,553
______
______
37,333
77,778
814 984
8,180
4,935
271,534 238,595
______
______
279,714
243,530
2,304
25,161
**320,165**
**347,453**|
|---|---|
5
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Statement of Financial Activities for the year ended 31 December 2022**
|**2022**
**Notes**
**£**
**EXPENDITURE**
**DIRECT CHARITABLE EXPENDITURE**
HQ quota
551
Animal boarding & equipment
6,092
Veterinary fees
64,158
Veterinary supplies
4,109
Depreciation
3,167
______
**EXPENDITURE ON RAISING FUNDS**
Advertising & fund raising
2,953
Telephone
3,338
Van expenses
7,434
Equipment
961
Storage
3,184
Printing, stationery and postage
519
Bank charges
354
Charitable contributions
5,979
Shops Expenditure
**6**
168,748
______
**GOVERNANCE & SUPPORT EXPENDITURE**
Wages & salaries
67,609
Pension Contributions
1,967
Staff uniforms & ID
2,345
Depreciation
669
Meeting costs
783
Data Processing
631
General expenses
316
Travel expenses
3,706
Insurance
124
Bad debts
-
Legal & professional fees
1,479
Annual Report expenses
642
Accountancy
1,300
______
**TOTAL EXPENDITURE**
**Fund movement for the year**
**Funds brought forward**|**£**
78,077
193,470
81,571
**353,118**
______
**(32,953)**
**540,235**
**______**|**2021**
**£**
1,378
1,763
43,251
4,244
3,282
______
3,260
3,082
3,362
2,073
3,187
369
457
-
137,802
______
88,090
1,424
-
161
392
758
305
2,428
78
585
1,430
765
1,200
______
|**£**
53,918
153,592
97,616
**305,126**
______
**42,327**
**497,908**
**______**|
|---|---|---|---|
6
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
|**UNRESTRICTED FUNDS CARRIED FORWARD**
**507,282**
______
**Balance Sheet**
**as at 31 December 2022**
**2022**
**Notes**
**£**
**£**
**Fixed Assets**
Tangible assets
**2**
13,812
**Current Assets**
Stocks
1,700
Debtors and prepaid expenses
**3**
17,140
Cash at bank and in hand
486,993
______
505,833
**Creditors: amounts falling**
**due within one year**
**4**
(12,363)
______
**Net Current Assets**
493,470
______
**Total Assets Less Current**
**Liabilities**
507,282
______
**Funds**
Unrestricted funds brought forward
540,235
Fund movement for the year
(32,953)
______
**UNRESTRICTED FUNDS CARRIED FORWARD**
507,282
______|**2021**
**£**
1,623
13,629
521,145
______
536,397
(12,671)
______||**540,235**
______
**£**
16,509
523,726
______
540,235
______
497,908
42,327
______
540,235
______|
|---|---|---|---|
|||||
These accounts were approved by the board of trustees on 11 May 2022 and signed on their behalf by:
................................................... Valerie Brickell (Treasurer)
7
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **1. Accounting Policies**
## **1.1. Basis of Accounting**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments to market value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
- **1.2. Reconciliation with previous Generally Accepted Accounting Practice (GAAP)**
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102) a restatement of comparative items was needed. At the date of transition, in applying the requirement to recognise liabilities arising from employee benefits, no material liability was recognized in respect of employee entitlement to paid annual leave. No other restatements were required.
## **1.3. Income and expenditure**
All income and expenditure is accounted for on an accruals basis.
## **1.4. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% Reducing Balance Motor vehicles - 25% Straight Line
## **1.5. Stock**
Stock is valued at the lower of cost and net realisable value.
## **1.6. Pension costs**
The charity operates a defined contribution pension scheme. Pension charges represent the amounts payable by the charity as its contribution to the fund in respect of the year.
## **1.7. Governance & support costs**
Governance & support costs are the direct costs of administering the Branch. The charity has no office property costs.
- **1.8. Expenditure on charitable activities**
The analysis of expenditure by charitable activities to further animal welfare in this report identifies the direct operational costs and the support and governance costs described above.
## **1.9. Expenditure on raising funds**
Fundraising costs include the full cost of operating our retail outlets.
8
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **2. Tangible fixed assets**
|**2.**|**Tangible fixed assets**||||||
|---|---|---|---|---|---|---|
|||**Fixtures,**||**Motor**
**Total**|||
|||**Fittings**|**&**|**vehicles**|||
|||**Equipment**|||||
|||**£**|||**£**|**£**|
||**Cost**||||||
||At 1 January 2022||71,677||13,907|85,584|
||Additions||4,993||-|4,993|
||Disposals||-||-|-|
|||______|||______|______|
||At 31 December 2022||76,670||13,907|90,577|
|||______|||______|______|
||**Depreciation**||||||
||At 1 January 2022||55,168||13,907|69,075|
||Charge for the year||7,690||-|7,690|
||Disposals||-||-|-|
|||______|||______|______|
||At 31 December 2022||62,858||13,907|76,765|
|||______|||______|______|
||**Net book values**||||||
||At 31 December 2022|13,812
______|||-
______|13,812
_____|
||At 31 December 2021|16,509
______|||-
______|16,509
_____|
|**3.**|**Debtors**|||**2022**||**2021**|
||||||**£**|**£**|
||VAT Repayable||||3,200|1,710|
||Debtors and prepayments||||13,940|11,919|
|||||______
______|||
|||||17,140
13,629
______
______|||
|**4.**|**Creditors: amounts falling due**|||**2022**||**2021**|
||**within one year**||||**£**|**£**|
||Trade creditors||||9,485|9,976|
||Income received in advance||||-|-|
||Accruals||||2,878|2,695|
|||||______
______|||
|||||12,363
12,671
______
______|||
9
**ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **5. Unrestricted Funds**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.
All funds are Unrestricted.
## **6. Shop Income & Expenditure**
|**Shop**|**Princes**
**Risborough**|**Chesham**|**Burnham**|**Total**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Income**|49,388|107,849|114,297|**271,534**|
|**Expense**|41,824|74,271|52,653|**168,748**|
|**Surplus**|**7,564**|**33,578**|**61,644**|**102,786**|
## **7. Trustees’ Expenses**
The Charity Trustees were not paid nor received any other benefits from employment with the Charity in the year. Reasonable expenses for travel, subsistence and incidentals reimbursed to 6 trustees during the year totalling £834 are included in Governance and Support Costs.
10
**ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
………….continued
## **Shops Detailed Consolidated Income & Expenditure**
|
**INCOME**
Donated goods
Merchandise
Recycling
Cards
Business support grants
Insurance Claim
**EXPENDITURE**
Purchases
Rent and rates
Light and heat
Repairs & Maintenance
Refurbishment costs
Insurance
Wages
Pension Contribution
Telephone
Postage and stationery
Licence fees
Training
Cleaning
Sundry expenses
Credit card expense
Depreciation
**SURPLUS**|**2022**
**£**
**£**
251,328
10,220
9,291
-
-
695
______
**271,534**
9,322
40,434
3,123
1,799
-
1,453
101,731
2,024
940
111
493
-
679
210
2,575
3,854
______
**168,748**
**______**
**102,786**
**______**|**2021**
**£**
**£**
188,279
6,234
-
1,254
42,828
-
______
**238,595**
7,156
36,520
3,195
276
-
1,664
77,357
1,839
1,000
557
365
153
399
266
3,180
3,875
______
**137,802**
**______**
**100,793**
**______**|
|---|---|---|
11
**Registered Charity Number 243352**
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS SOUTH BUCKS BRANCH**
## **Report and Accounts for the year ended 31 December 2022**
**Lane Accounting Limited Chartered Accountant Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL**
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees’ Report|**1-3**|
|Independent Examiner’s Report|**4**|
|Statements of Financial Activities
|**5-6**|
|Balance Sheet
|**7**|
|Notes to the Financial Statements
|**8-11**|
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Trustees’ report**
## **Our objectives and activities**
## **Our core work and public benefit**
The charity’s primary objective is to support the national body, the RSPCA, in our designated area in South Buckinghamshire, in the prevention of cruelty to animals. Our main activities are animal rescue and re-homing, neutering services, welfare services and education.
## **A sustainable RSPCA**
Currently we have 3 retail shops which are the primary source of our income and ensures our reserves are at a sufficient level. Unfortunately, as a result of restrictions imposed by the Covid 19 pandemic we have been unable to engage in any fundraising activities.
We continue to be pro-active with our recruitment of trustees and volunteers. We are keen to attract individuals that would be willing to take on roles requiring a significant time commitment, in order to create stability in our charity as well as having a breadth of experience to keep all our goals on track and delivered in an ethical manner.
## **Trustee’s statement of responsibilities**
The Trustees are legally required to prepare financial statements for each year and an Annual Report on the activities of the charity during the year. The financial statements are prepared in accordance with The Charities Statement of Recommended Practice (SORP) 2015 Financial Reporting Standard (FRS 102) which came into effect from 1 January 2015.
In preparing the financial statements, the Trustees are required to: prepare accounts which represent a true and fair view; select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed; prepare the statements on a going concern basis unless it is inappropriate to assume that the charity will continue to operate and prepare an assessment of the risks and opportunities.
The Trustees are responsible for ensuring that proper accounting records are kept which disclose with reasonable accuracy at any time the financial position of the charity and enable Trustees to ensure that financial statements comply with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. The Trustees are also responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities by the establishment of a system of internal controls.
## **RSPCA National Society**
The RSPCA’s statutory status, its internal rules and its branch rules regulate the relationship between the Society and the branches. Each branch is established as an unincorporated charitable association, but the RSPCA Council has powers to intervene in a branch’s affairs in certain circumstances. Much of the RSPCA’s direct animal welfare is carried out through its branches such as subsidised veterinary care and rehoming in their local areas. The national Society works closely with the RSPCA branches in delivering animal welfare aims and strategy and provides some financial and other support to the branches.
1
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Public benefit**
All charities in England and Wales have charitable aims that are based on providing public benefit and comply with the Charities Act 2011. The trustees pay due regard to Charity Commission guidance on public benefit. Preventing cruelty and promoting kindness to animals promotes humane sentiment in humans towards animals which gives a moral benefit to the human community as a whole.
## **Financial Risk management**
The charity is managing a portfolio of financial risks. The trustees identify new and monitor existing major risks in their monthly meetings, consider their potential impact, and take appropriate actions to mitigate or manage such risks.
As at 31[st] December 2021 the charity held £521,145 in bank deposits with six different banks. The charity holds current accounts with Lloyds and NatWest and deposit accounts with Virgin Money, Santander, Shawbrook and Nationwide. Thereby maximising interest income and minimising risk.
## **Financial Review**
The Statement of Financial Activities (SOFA) on page 6 reports a surplus for the year of £42,327. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
In 2021 the charity had sufficient funding to allow it to pay for all animal care costs and educational activities in full in the South Bucks area.
The year’s financial performance in terms shows a net movement in funds of £42,327. This is a substantial increase from 2020, where the movement was £(56,320). The main contributory factors to this are, firstly, an increase in shop income. In 2020 the shops reported a surplus of £38,804 and in 2021 this was increased to £100,793. Secondly the charity was in receipt of legacies amounting to £37,553.
Additional income from re-homing and cash investments in 2021 of £5,919 are reduced from that of 2020 £9,545. Our total income for 2021 being £347,453 compared to an income figure of £238,825 in 2020.
In terms of the charity’s operational objectives, income from its supporters and donors has increased 7.8% to £39,540 from £36,673 in the previous year. This demonstrates our supporters’ commitment during what, for many, has been an uncertain year.
Costs across the charity over the previous year have increased by 3.4% being much reduced on the previous year’s increase of 10%, with total expenditure of £305,126.
Almost a sixth of our total spending has been directly upon Animal Welfare, a figure of £53,918 which is a increase of 27% from 2020.
The charity recognises the invaluable financial support that has been made available to us during the year.
2
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
The Coronavirus Job Retention Scheme enabled the charity to claim up to 80% of salary costs, for those members of staff that were unable to work due to government imposed restrictions, amounting to just over twenty thousand pounds. During the lockdowns we were able to retain our shop staff by putting them on furlough or flexi-furlough and taking advantage of the Scheme. Between January and June 2021 each of our shops received grants of £14,276 from Buckinghamshire Council.
The charity’s free financial reserves have increased by £42,327 from the previous year to £540,235 representing 21 months of expenditure, which will continue to provide a good buffer against future financial uncertainty.
It is the Trustees’ intentions that the charity will continue to prioritise expenditure in accordance with our charitable aims and objectives.
The charity will consider financial assistance for other RSPCA branches in financial difficulties, whilst being aware of the need to hold an appropriate level of financial reserves to ensure continued resilience and allowing the charity to plan with confidence future spending in improving the welfare of animals that come into our care.
It is a testament to the loyalty and hard work of our supporters, employees and volunteers that has enabled the charity to continue to provide important animal welfare support during a most unusual and difficult year. The Trustees are thankful to all involved.
## **Reserves**
The charity only holds unrestricted funds. As at 31 December 2021, the balance of funds was £540,235. There are no pension liabilities as the charity’s scheme is defined contribution. The charity’s reserves policy is to maintain a level of free reserves that will enable the charity to ensure a continuity of activity and have the ability to respond to significant external economic changes and demands on services provided by the charity. The charity holds the equivalent of twenty one months of operational expenditure in either current or deposit accounts, which is deemed appropriate.
................................................... Valerie Brickell ( Honorary Treasurer)
On behalf of the Trustees of RSPCA South Bucks Branch
3
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Independent Examiners’ Report to the Trustees**
We report on the accounts for the year ended 31 December 2022 set out on the following pages.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention
1. which gives me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
____________________
**Lane Accounting Limited Chartered Accountant Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL**
11
4
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Statement of Financial Activities for the year ended 31 December 2022**
|**Notes**
**INCOME**
**DONATIONS & LEGACIES**
Subscriptions and collecting boxes
Donations and fund-raising events
Legacies
**INCOME FROM INVESTMENTS**
Interest receivable
**INCOME FROM TRADING ACTIVITIES**
Re-Homing income
Shops Income
**6**
**OTHER INCOME**
**TOTAL INCOME**|**2022**
**2021**
**£**
**£**
**£**
**£**
1,609 685
34,224
39,540
1,500
37,553
______
______
37,333
77,778
814 984
8,180
4,935
271,534 238,595
______
______
279,714
243,530
2,304
25,161
**320,165**
**347,453**|
|---|---|
5
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Statement of Financial Activities for the year ended 31 December 2022**
|**2022**
**Notes**
**£**
**EXPENDITURE**
**DIRECT CHARITABLE EXPENDITURE**
HQ quota
551
Animal boarding & equipment
6,092
Veterinary fees
64,158
Veterinary supplies
4,109
Depreciation
3,167
______
**EXPENDITURE ON RAISING FUNDS**
Advertising & fund raising
2,953
Telephone
3,338
Van expenses
7,434
Equipment
961
Storage
3,184
Printing, stationery and postage
519
Bank charges
354
Charitable contributions
5,979
Shops Expenditure
**6**
168,748
______
**GOVERNANCE & SUPPORT EXPENDITURE**
Wages & salaries
67,609
Pension Contributions
1,967
Staff uniforms & ID
2,345
Depreciation
669
Meeting costs
783
Data Processing
631
General expenses
316
Travel expenses
3,706
Insurance
124
Bad debts
-
Legal & professional fees
1,479
Annual Report expenses
642
Accountancy
1,300
______
**TOTAL EXPENDITURE**
**Fund movement for the year**
**Funds brought forward**|**£**
78,077
193,470
81,571
**353,118**
______
**(32,953)**
**540,235**
**______**|**2021**
**£**
1,378
1,763
43,251
4,244
3,282
______
3,260
3,082
3,362
2,073
3,187
369
457
-
137,802
______
88,090
1,424
-
161
392
758
305
2,428
78
585
1,430
765
1,200
______
|**£**
53,918
153,592
97,616
**305,126**
______
**42,327**
**497,908**
**______**|
|---|---|---|---|
6
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
|**UNRESTRICTED FUNDS CARRIED FORWARD**
**507,282**
______
**Balance Sheet**
**as at 31 December 2022**
**2022**
**Notes**
**£**
**£**
**Fixed Assets**
Tangible assets
**2**
13,812
**Current Assets**
Stocks
1,700
Debtors and prepaid expenses
**3**
17,140
Cash at bank and in hand
486,993
______
505,833
**Creditors: amounts falling**
**due within one year**
**4**
(12,363)
______
**Net Current Assets**
493,470
______
**Total Assets Less Current**
**Liabilities**
507,282
______
**Funds**
Unrestricted funds brought forward
540,235
Fund movement for the year
(32,953)
______
**UNRESTRICTED FUNDS CARRIED FORWARD**
507,282
______|**2021**
**£**
1,623
13,629
521,145
______
536,397
(12,671)
______||**540,235**
______
**£**
16,509
523,726
______
540,235
______
497,908
42,327
______
540,235
______|
|---|---|---|---|
|||||
These accounts were approved by the board of trustees on 11 May 2022 and signed on their behalf by:
................................................... Valerie Brickell (Treasurer)
7
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **1. Accounting Policies**
## **1.1. Basis of Accounting**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investments to market value. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.
- **1.2. Reconciliation with previous Generally Accepted Accounting Practice (GAAP)**
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP (FRS 102) a restatement of comparative items was needed. At the date of transition, in applying the requirement to recognise liabilities arising from employee benefits, no material liability was recognized in respect of employee entitlement to paid annual leave. No other restatements were required.
## **1.3. Income and expenditure**
All income and expenditure is accounted for on an accruals basis.
## **1.4. Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Fixtures, fittings and equipment 20% Reducing Balance Motor vehicles - 25% Straight Line
## **1.5. Stock**
Stock is valued at the lower of cost and net realisable value.
## **1.6. Pension costs**
The charity operates a defined contribution pension scheme. Pension charges represent the amounts payable by the charity as its contribution to the fund in respect of the year.
## **1.7. Governance & support costs**
Governance & support costs are the direct costs of administering the Branch. The charity has no office property costs.
- **1.8. Expenditure on charitable activities**
The analysis of expenditure by charitable activities to further animal welfare in this report identifies the direct operational costs and the support and governance costs described above.
## **1.9. Expenditure on raising funds**
Fundraising costs include the full cost of operating our retail outlets.
8
## **ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **2. Tangible fixed assets**
|**2.**|**Tangible fixed assets**||||||
|---|---|---|---|---|---|---|
|||**Fixtures,**||**Motor**
**Total**|||
|||**Fittings**|**&**|**vehicles**|||
|||**Equipment**|||||
|||**£**|||**£**|**£**|
||**Cost**||||||
||At 1 January 2022||71,677||13,907|85,584|
||Additions||4,993||-|4,993|
||Disposals||-||-|-|
|||______|||______|______|
||At 31 December 2022||76,670||13,907|90,577|
|||______|||______|______|
||**Depreciation**||||||
||At 1 January 2022||55,168||13,907|69,075|
||Charge for the year||7,690||-|7,690|
||Disposals||-||-|-|
|||______|||______|______|
||At 31 December 2022||62,858||13,907|76,765|
|||______|||______|______|
||**Net book values**||||||
||At 31 December 2022|13,812
______|||-
______|13,812
_____|
||At 31 December 2021|16,509
______|||-
______|16,509
_____|
|**3.**|**Debtors**|||**2022**||**2021**|
||||||**£**|**£**|
||VAT Repayable||||3,200|1,710|
||Debtors and prepayments||||13,940|11,919|
|||||______
______|||
|||||17,140
13,629
______
______|||
|**4.**|**Creditors: amounts falling due**|||**2022**||**2021**|
||**within one year**||||**£**|**£**|
||Trade creditors||||9,485|9,976|
||Income received in advance||||-|-|
||Accruals||||2,878|2,695|
|||||______
______|||
|||||12,363
12,671
______
______|||
9
**ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
## **5. Unrestricted Funds**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.
All funds are Unrestricted.
## **6. Shop Income & Expenditure**
|**Shop**|**Princes**
**Risborough**|**Chesham**|**Burnham**|**Total**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**Income**|49,388|107,849|114,297|**271,534**|
|**Expense**|41,824|74,271|52,653|**168,748**|
|**Surplus**|**7,564**|**33,578**|**61,644**|**102,786**|
## **7. Trustees’ Expenses**
The Charity Trustees were not paid nor received any other benefits from employment with the Charity in the year. Reasonable expenses for travel, subsistence and incidentals reimbursed to 6 trustees during the year totalling £834 are included in Governance and Support Costs.
10
**ROYAL SOCIETY FOR THE PREVENTION OF CRUELTY TO ANIMALS South Bucks Branch - Registered Charity No. 243352**
## **Notes to the Financial Statements for the year ended 31 December 2022**
………….continued
## **Shops Detailed Consolidated Income & Expenditure**
|
**INCOME**
Donated goods
Merchandise
Recycling
Cards
Business support grants
Insurance Claim
**EXPENDITURE**
Purchases
Rent and rates
Light and heat
Repairs & Maintenance
Refurbishment costs
Insurance
Wages
Pension Contribution
Telephone
Postage and stationery
Licence fees
Training
Cleaning
Sundry expenses
Credit card expense
Depreciation
**SURPLUS**|**2022**
**£**
**£**
251,328
10,220
9,291
-
-
695
______
**271,534**
9,322
40,434
3,123
1,799
-
1,453
101,731
2,024
940
111
493
-
679
210
2,575
3,854
______
**168,748**
**______**
**102,786**
**______**|**2021**
**£**
**£**
188,279
6,234
-
1,254
42,828
-
______
**238,595**
7,156
36,520
3,195
276
-
1,664
77,357
1,839
1,000
557
365
153
399
266
3,180
3,875
______
**137,802**
**______**
**100,793**
**______**|
|---|---|---|
11