2021-12-31-accounts - Royal Society for the Prevention of Cruelty to Animals Central London Branch

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Report ofthe Trustees	1 to	13
Report ofthe Independent Auditors	14 to	17
Statement of Financial Activities	18
Balance Sheet	19
Cash Flow Statement	20
Notes to the Cash Flow Statement	21
Notes to the Financial Statements	22 to	34
Detailed Statement of Financial Activities	35 to	36
Appendix 1	37 to	40

Sta e tof ' c'alActlvi 'es f r Y ar Ended 31D r2021
				31,12,21	31.12.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	6	E
INCOME AND ENDOWMENTS FROM Donations and legacies	2	698,916	47,057	745,973	634,900
Charitable activities Charitable activities		88,448	357,086	445434	354269
Other income Other trading activities Otherincome	3	890,079 2,373		890,079 2&373	601,24S 1,064
Total		1,679,816	404,143	2,083,959	1,591,481
EXPENDITURE ON
Charitable activities Charitable activities Raising funds		482&951 837,827	408,813 426	891&764 838,253	908,572 733,715
Total		1&320,778	409,239	1,730,017	1,642,287
Net gains on investments		7,135		7,135
NET INCOMEI(EXPENDITURE)		366&173	(5&096)	361,077	(50,806I
RECONCILIATION OF FUNDS
Total funds brought forward		993,139	31S,520	1W8,659	1,359,465
TOTAL FUNDS CARRIED FORWARD		1,050,011	330~$	3,6$0.75$	1,30$,650

~EI 0 I
3~1D 0 2021
				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E		E
FIXEDASSETS Tangible assets Investments	10 11	20S,628 307135 9	147,947	353,575 307,135	373,168
		512,763	147,947	660,710	373,168
CURRENT ASSETS Debtors Cash at bank and in hand	12	184,718 746,139	19,3S7 177,262	204,075 923,401	301,982 704,687
		930,857	196,619	1,127,476	1,006,669
CREDITORS Amounts falling due within one year	13	{84,308)	{34,142)	{118J50)	{71,178)
NET CURRENT ASSETS		846,S49	162,477	1,009,026	935,491
TOTAL ASSETS LESS CURRENT UABILITIES		1,359,312	310,424	1,669,736	1,308,659
NET ASSETS		6355522	510.424	1669936	1,303 659
FUNDS	15
Unrestricted funds				1,%%9,312	993,139
Restricted funds				310,424	315,520
TOTALFUNDS				1,669,736	1,308659

for h Year Ended 31 D er 021
			31.12.21	31.12.20
	Notes			E
Cash flows from operating activities Cash generated from operations increase/(Decrease) in provisions		1	539,622	(139,164) (35,344)
Net cash provided by/(used in) operating		activities	~539 622
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments			(26,500) (300,000)	(18,110)
Sale oftangible fixed assets			5492
Net cash used in investing activities				(18,110)
Change in cash and cash equivalents the reporting period	ln		218,714	(192,618)
Cash and cash equivalents at the beginning of the reporting period			?04,687	897,305
Cash and cash equivalents atthe,end ofthe reporting period			923~1	704,687

o the as low Statem nt e r e 3 De m r2D21	o the as low Statem nt e r e 3 De m r2D21	o the as low Statem nt e r e 3 De m r2D21
RECONCIUATION OF NET INCOME/(EXPENDITURE)			TO NET CASH FLOW		FROM OPERATING
ACTIVITIES					31.12.21	31.12.20
					f		f
Net income/(expenditure) for the reporting Statement ofFinancia I Activities)		period	(as per the		361,077		(50,806)
Adjustments for. Depreciation charges (Gain)/losses on investments Profit on disposal of fixed assets Decrease/(increase) in debtors					44,270 (7,135) (3,769) 97,907		40,633 100 (96,307)
Increase/(decrease) In creditors					47,272		(32,784)
Net cash provided by/(used	in) operations				518,622	(139.164)
ANALYSIS OF CHANGES IN	NET FUNDS
			At	1.1.21	Cash flow	At	31.12.21
				f	f		f
Net cash
Cash at bank and in hand			704687		218,714		923,401
			704,687		218,714		923,401
Total			704,6S7		218,714		923,401

LESACIES
DONATIONS AND	31.12.21	31.12.20
	6	E
Legacies and trusts Donations Subscrlptions	1,000 278,551 1,356 151&673	15,084 11,220 1,354
Kickstart grant Furlough grants - Retail Local authority grants Furlough grant -welfare Door grant Emergency grant Donations Pets At Home Profit on disposal offixed assets Special collections and fundraislng	76,576 149,85$ 12,811 96,536 (40,000) 5,653 3,769 8184	123,443 255,715 50,395 125,865 40,000 7¹1 11,083
	145,973	634,900

TRADIN6	ACTIVITIES
OTHER				31.12,21	31.12.20
				E	E
Shop income				890079	601,248
				999.9&9	99&,249
INCOME FROM CHARITABLE ACTIVITIES				31.12,21	31.12.20
				E	E
Contacts for services with other		RSPCA branches		47,536	1,433
Lend a paw save Animal fostering Free catneutering	an animal donations and rehomlng and rehoming scheme		scheme income	3,186 47,033 347,779	4,280 48,979 293,577
				445,S34	354,269

		Support
	Direct	costs (see
	Costs	note 6L	Totals
		f	f
Charitable activities Raising funds	882,301 821620	9,463 16,633	891,764 838,253
	1,700,021	26006	I78II 017

SUPPORT
		Governance
	Management	costs	Totals f
Charitable activities Raising funds	6,772 12~¹	2,691 4,209	9,463 16,633
	19,196		26,096

STAFF COSTS
							2021	2020
							E	E
Remuneration Employer's National Insurance net ofEmployment Employer's pension contribution Key management personnel remuneration					Allowance		666,007 32,484 9,226 52,117	622,927 30,041 8,351 45,882
Average number offull time equivalent			employees						31
The average monthly number ofemployees				during	the year	was as follows
							31,12.21	31.12.20
Employees							46		44
No employees received emoluments		in	excess off60,000.
COMPARATIVES FORTHE STATEMESIT			OF	RNANCIAL ACTIVITIES
						2020	2020		2020
						Unrestricted	Restricted		Total
						funds	funds		funds
						6	f		E
INCOME AND ENDOWSIIENTS Donations and legacies	FROM					560,098	74,802		634,900
Charitable activities Charitable activities						45,907	308,362		354,269
Other income
Other trading activities Other income						601,248 936	128		601,248 1,064
Total						1,208,189	383292	1	591481
EXPENDITURE ON
Charitable activities
Charitable activities						448,965	459,607		908,572
Raisingfunds						733,715			733,715
Total						1c182&680	459&607	1r642&287
NET INCOME/(EXPENDITURE)						25,509	{76,315}		(50,806)
RECONCILIATION OF FUNDS
Total funds brought forward						967,630	391,835	1,359,465

for th	e Year Ended D ce ber 02	e Year Ended D ce ber 02	e Year Ended D ce ber 02
9.	COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued Unrestricted Restricted			Total
		funds E	funds f	funds f
	TOTAL FUNDS CAIlRIED FORWARD	993,159	315,515	1359959
10.	TANGIBLE FIXED ASSET5	Freehold	Long	Plant and
		property f	leasehold f	machinery f
	COST At1January 2021 Additions Disposals		326,468	75,437 26,500 $18,730)
	At 31December 2021		326,468	83,207
	DEPRECIATION
	At 1January 2021 Charge for year Eliminated on disposal	1,000 1,000	278,300 29,252	57,239 13237 (16,907)
	At31December 2021		307,552	53,569
	NET BOOK VALUE
	At31December 2021	298,000	9 18916	29,638
	At 31December 2020	299,000	48,168	18,198

TANGIBLE FIXED ASSETS-continued
	Fixtures
	and	Motor
	fittings	vehicles	Totals
	E	E	E
COST At 1January 2021 Additions	38&646	8,204	748,755 26,500
Disposals
At 31December 2021	38,646	8204	?56,525
DEPRECIATION At 1January 2021 Charge for year Eliminated on disposal	31,226 742	7,822 3$	375,587 44,270 (16,907)
At31December 2021	31,968	7,861	402,950
NET BOOK VALUE At31December 2021	6678		353,575
At 31December 2020	7,420	382	373,168

FIXEDASSET INVESTMENTS
	Unlisted
	investment
	E
MARKET VALUE
Additions Revaluations	300,000 ~7135
At31December 2021	$07,1$$
NET BOOkVALUE
At31December 2021	307,135
At 31December 2020

				Unlisted
				investment
				E
	Valuation	in 2021		307,135
12.	DE$TORS		$1.12.21	31.12.20
			E	E
	Amounts falling due within one year: Other debtors		$5,6$6	23,206
	Government debtors		4,462	34,716
	VAT		19,249	14,399
	Prepayments and accrued income		107,42$	184,806
			166,$25	257,127
	Amounts Leasehold	falling due after more than one year: deposits	$7,2$0	44,855
	Aggregate	amounts	204,075	301,982

CREDITORSAMOUNTS	ALLINGDUE WITHIN O	NE YEAR
:			31.12.21	31.12.20
			f	f
Trade creditors Other creditors			28,919 89,531	50,033 21,145
			118450	71,178
LEASING AGREEMENTS
Minimum lease payments	under non-cancellable	operating	leases fall due as follows:
			31,12.21	31.12.20
			f	f
Within one year Between one and Ave years in more than five years			341,227 1,111,500 339,08S	327,881 928,927 453,421
			1,791,919	1,719,229

MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At1.1.21 f	in funds f	funds	31.12.21 f
Unrestricted funds General fund Designated fund	704,SSS 288&542	366,173	(660,675) 660,675	410,096 949,216
	993,139	366,173		1,359,312
Restricted funds C4fund Enfield fund Richmond fund	39,94$ 188,674 S6,903	65,278 (43,3$5) ~27,999}		105,221 145,339 59,864
	$15&520	(5&096)		310,424
TOTAL FUNDS	1&NI8,659	$61,077		1,669,736

Net movement In funds, include	d in the above are as foll	ows:
	Incoming	Resources	Gains and	Movement
	resources E	expended E	losses f	in funds E
Unrestricted funds General fund	1,679,816	(1,320,778)	7,135	366,173
Restricted funds C4fund Enfield fund Richmond fund	S52,980 25,271 25,892	(287,702) (68,606) (S2,9S1)		65,278 (43,335) (27,039)
	404,143	{409,239)		(5,096)
TQTALFUNDS	8000,950	IB.BM,087)	7 595	~61,077

				Net	Transfers
				movement	between	At
			At 1.1.20	In funds	funds	31.12.20
			f	f		E
Unrestricted		funds
General fund			785,&87	25,509	(106,798)	704,598
Designated		fund	181,743		106,798	288,541
			967,630	25,509		993,139
Restricted	funds
C4fund			44,665	(4,722)		39,943
Enfield fund Richmond fund			241,172 105l)90	(52,498) ~19,085)		1S8,674 86,903
			391,835	{76,315)		315,520
TOTAL FUNDS			L959.905	)50,800)		1,308659

Comparative net movement in funds, i	nduded in the above are as follo	ws:
	Incoming	Resources	Movement
	resources	expended	in funds
	E	E	E
Unrestricted funds General fund	1,208,189	(1,182,680)	25,509
Restricted funds C4 fund Enfield fund Richmond fund	293,577 50,371 39,344	(298,299) (102,869) (58,439)	(4,722) (52,498) (19,095)
	383,292	(459,607)	(76,315)
TOTALFUNDS	1,991,481	(2,642,2877	(50,806)

A current y	e	ar 12months and p	rior year 12months combi	ned position is	as follows:
				Net	Transfers
				movement	between	At
			At 1,1,20	in funds	funds	31.12.21
			E	E	E	E
Unrestricted		funds
General fund Designated fund			785,887 181,743	391,682	(767,473) 767,473	410,096 949,216
			967,630	391,682		1,359,312
Restricted	funds
C4fund			44,665	60,556		105,221
Engeld fund Richmond fund			241,172 105,998	(95„833) 7461347		145,339 59,864
			391,835	(81,411)		310,424
TOTALFUNDS			1359,465	310271		1,669,736

the above ar	e as follows;
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E		E	E
Unrestricted Generalfund	funds	2,888,005	(2,503,458)	7,135	391,682
Restricted funds C4fund		646,557	(586,001)		60,556
Enfield fund		75,642	(111,475)		(95,833)
Richmond fund		65,236	(111,37D)		(46,134)
		787,435	(868,846)		(81,411)
TOTALFUNDS		~,575,440	J3,~72,304)	7,135	510,271

separate registered charity from the ma separately managed and financed	in RSPCA and fro	m other	RSP	CA Branches an	d Branches a
		2021			2020
Related party Income	2021Total	Debtors		2020Total	Debtors
	E	E		E
Branch Emergency Fund Grant from
pooled RSPCA Branch Funds	(40,000)			40,000
Door grant from RSPCA HQ	96,536			125,865
Neutering grant from RSPCA HQ	2,097			1,547
C4Albekier Legacy from RSPCA HQ	73,826			77,020	55,141
C4 Regional Board Grant from RSPCA
HQ	7,500			7,500	7,5DD
C4donations from RSPCA branches	49,005	2+16		21,970	6,148
RSPCA Branch contracts for services	47,536	7,090		1,308	5,383
RSPCA Membership subscriptions	1,356			1,354
		2021			2020
Related party expenditure	2021Total 4	Debtors E		2020Total f	Debtors 4
RSPCA Trading Ltd purchases				3,409
RSPCA HQ purchases ofveterinary
drugs and consurnables	62,756	13,9D5			5,968
RSPCA Finsbury Park Hospital
veterinary services	6,525		658	4,985
RSPCA Hillingdon branch	2,500	2,500

expenditure on pro	jects.
			2021	2020
			Unrestricted	Unrestricted
Capitalised equipment and leasehold improvements revaluation reserve Cash deposits held by landlords ofunit and charity Potentialredundancy costs at31December 2021		and part shops	205,630 37p250 66,338	187,465 44,855 56,221
Money unavailable	for expenditure at 31December	2021	309,218	288,541
Agreed in principle	Enfield Development Fund		aut,oaa
Total Designated Funds			949,218	288,541

fortheYear ed31Dcmb r	2021
			31.12.21	31.12.20
			f	f
INCOME AND ENDOWMENTS
Donations and legacies Legacies and trusts Donations Subscriptions Kickstart grant Furlough grants - Retail Local authority grants Furlough grant - welfare Door grant Emergency grant Donations Pets At Home			1,000 278&551 1,356 151,673 76,576 149,858 12,817 96,536 (40,000) S,653	15,084 11&220 1,354 123,443 255,715 50,395 125,865 40,000 741
Profit on disposai offixed assets			~ '&69
			745,973	634,900
Other trading acdvttles Shop income			&90&079	601,248
			890,079	601,248
Charitable activities
Contacts for services with other	RSPCA branches		47,536	7,433
Lend a paw save an animal donations Animal fostering and rehoming and rehoming Free cat neutering scheme		scheme income	3,186 47,033 347,779	4,280 48,979 293,577
			445,534	354,269
Other income
Otherincorne			81	1,064
Investment income			2,292
			2,373	1.064
Total incoming resources			2,083,959	1,591,481

Detai d tatement	Fi
for the Year Ended 31	December 2021	31.12.21	31.12.20
			E
EXPENDITURE
Raising funds Shop costs Fundraising costs Fundraising and support		S11,231 10,389 16,633	725,279 216 8,220
		838&253	733,715
Charitable activities Fostering and animal Animal centres costs Other Vet fees	costs	201,272 351,592 275,977	173,551 396,361 293,157
Emergency boarding Clinic fees	fees	2,865 2,500	3,524
Fieldworkers' costs		30,019	31,842
Donations		13,110	1,000
Printing, postage and Support costs	stationery	4,906 9,463	3,550 5,567
		891,764	908,572
Total resources expended		1,730,017	1,642,287
Gain/(Loss) on investments		7,135
Net income/(expenditure)