| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 14 |
| Report ofthe Independent Auditors |
15 to | 18 |
| Statement of Financial Activities |
19 | |
| Balance Sheet | 20 | |
| Cash Flow Statement | 21 | |
| Notes to the Cash Flow Statement | 22 | |
| Notes tothe Financial Statements | 23 to | 36 |
| Detailed Statement ofFinancial Activities | 37 to | 38 |
| for the Year Ended 31Decemb | er 2022 | |||||
|---|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | E | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
100,745 | 60,469 | 161,214 | 745,973 | ||
| Charitable activities |
||||||
| Charitable activities |
105,809 | 405,914 | 511,723 | 445,534 | ||
| Other income | ||||||
| Other trading activities |
3 | 1,306,459 | 1,306,459 | 890,079 | ||
| Otherincome | 5 | 15,058 | 15,058 | 2,373 | ||
| Total | 1,528,071 | 466,383 | 1,994,454 | 2,083,959 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Charitable activities |
599,363 | 534,951 | 1,134,314 | 891,764 | ||
| Raising funds | 932,424 | 932,424 | 838,253 | |||
| Total | 1,531,787 | 534,951 | 2,066,738 | 1,730,017 | ||
| Net gains/(losses) on investments |
(40,479) | (40,479) | 7,135 | |||
| NET INCOME/(EXPENDITURE) | (44,195) | (68,568) | (112,763) | 361,077 | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 1,359,312 | 310,424 | 1,669,736 | 1,308,659 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,315,117 | 241,856 | 1,556,973 | 1,669,736 |
| Balance Sheet 31December 2022 |
|||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | E | E | 5 | E | |
| FIXEDASSETS | |||||
| Tangible assets investments |
11 12 |
213,805 282,463 |
112p707 | 326,512 282,463 |
353,575 307,135 |
| 496,268 | 112,707 | 608,975 | 660,710 | ||
| CURRENT ASSETS | |||||
| Debtors | 13 | 214,079 | 114894 | ||
| Cash at bank and in hand | 714,952 | 170,847 | 885,799 | 923,401 | |
| 929p031 | 285741 | 1214772 | 1127476 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
14 | (110,182) | (156,592) | (266,774) | (118,450) |
| NET CURRENT ASSETS | 818849 | 129 149 | 947~998 | 1009026 | |
| TOTAL ASSETS LESSCURRENT LIABILITIES | 1,315,117 | 241,856 | 1,556,973 | 1,669,736 | |
| NET ASSETS | 1,315,117 | 241,856 | 1,556,973 | 1,669,736 | |
| FUNDS | 16 | ||||
| Unrestricted funds |
1,315,117 | 1,359,312 | |||
| Restricted funds | 241,856 | 310,424 | |||
| TOTAL FUNDS | 1,556,973 | 1,669,736 |
| forthe Year Ended 31Dec | ember 2022 | ||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| Notes | f | E | |||
| Cash flows from operating | activities | ||||
| Cash generated from operations |
1 | (17,174) | 543,180 | ||
| Interest paid | (4,894) | (3,558) | |||
| Net cash (used in)/provided | by operating | activities | (22,068) | 539,622 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed | assets | (9,350) | (26,500) | ||
| Purchase offixed asset investments | (13,515) | (300,000) | |||
| Sale oftangible fixed assets | 7,331 | 5,592 | |||
| Net cash used in investing | activities | (15,534) | (320,908) | ||
| Change in cash and cash equivalents | in | ||||
| the reporting period |
(37,602) | 218,714 | |||
| Cash and cash equivalents | at the | ||||
| beginning ofthe reporting |
period | 923,401 | 704,687 | ||
| Cash and cash equivalents | at the end | ||||
| ofthe reporting period |
885,799 | 923,401 |
| ACTIVITIES | |||||
|---|---|---|---|---|---|
| 31.12.22 | 31.12.21 | ||||
| E | |||||
| Net (expenditure)/income | forthe reporting | period (as per the | |||
| Statement ofFinancial Activities) | (112,763) | 361,077 | |||
| Adjustments for: |
|||||
| Depreciation charges |
30,563 | 44,270 | |||
| Losses/(gain) on investments Profit on disposal offixed assets |
38,187 (1,481) |
(7,135) (3,769) |
|||
| Interest paid |
4,894 | 3,558 | |||
| (Increase)/decrease | in debtors | (124,898) | 97,907 | ||
| Increase in creditors |
148,324 | 47,272 | |||
| Net cash (used in)/provided | by operations | (17,174) | 543,180 |
| At 1.1.22 | Cash flow | At 31.12.22 | |
|---|---|---|---|
| E | f | f | |
| Net cash | |||
| Cash at bank and in hand | 923,401 | (37,602) | 885,799 |
| 923,401 | (37,602) | 885,799 | |
| Total | 923,401 | (37,602) | 885,799 |
| 31.12.22 | 31.12.21 | ||||||
|---|---|---|---|---|---|---|---|
| E | f | ||||||
| Legacies and trusts | 1,000 | ||||||
| Donations | 31,860 | 278,551 | |||||
| Subscriptions | 1,695 | 1,356 | |||||
| Donations Pets |
At Home | 2,187 | 5,653 | ||||
| Special collections and fundraising | 16,098 | 8,184 | |||||
| Local authority | grants | 149,858 | |||||
| Furlough grants |
- retail | 76,576 | |||||
| Furlough grant- | welfare | 12,817 | |||||
| Kickstart grant | 10,565 | 151,673 | |||||
| Emergency fund | grant | (40,000) | |||||
| Gain on sale oftangible | fixed assets | 1,481 | 3,769 | ||||
| Door grant | 97,328 | 96,536 | |||||
| 161,214 | 745,973 | ||||||
| OTHER TRADING | ACTIVITIES | ||||||
| 31.12.22 | 31.12.21 | ||||||
| E | f | ||||||
| Shop income | 1,306,459 | 890,079 | |||||
| 1,306,459 | 890,079 | ||||||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||||
| 31.12.22 | 31.12.21 | ||||||
| E | f | ||||||
| Contacts for services with other RSPCA branches | 55,978 | 47,536 | |||||
| Lend a paw save | an animal donations | 3,156 | 3,186 | ||||
| Animal fostering | and rehoming | and rehoming | scheme income | 56,720 | 47,033 | ||
| Free cat neutering | scheme | 395,869 | 347,779 | ||||
| 511,723 | 445,534 |
| OTHER IN | COME | |||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| f | ||||
| Bank interest | 1,543 | 81 | ||
| Investment | income | 13,515 | 2,292 | |
| 15,058 | 2,373 | |||
| CHARITABLE ACTIVITIES COSTS | ||||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 7) | Totals | ||
| E | E | |||
| Charitable | activities | 1,113,931 | 20,383 | 1,134,314 |
| Raising funds | 916,352 | 16,072 | 932,424 | |
| 2,030,283 | 36,455 | 2,066,738 | ||
| SUPPORT | COSTS | |||
| Governance | ||||
| Management | costs | Totals | ||
| f | E | E | ||
| Charitable | activities | 17,713 | 2,670 | 20,383 |
| Raising funds | 12,067 | 4,005 | 16,072 | |
| 29,780 | 6,675 | 36,455 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||||
| Remuneration | 731,880 | 666,007 | |||||||||
| Employer's National |
Insurance | net of | Employment | Allowance | 43,147 | 32,484 | |||||
| Employer's pension |
contribution | 10,759 | 9,226 | ||||||||
| Key management personnel |
remuneration | 55,950 | 52,117 | ||||||||
| Average number of |
full time | equivalent | employees | 38 | 39 | ||||||
| The average monthly | number | ofemployees | during | the year | was as follows: | ||||||
| 31.12.22 | 31.12.21 | ||||||||||
| Employees | 45 | 46 | |||||||||
| No employees received emoluments |
in | excess ofE60,000. | |||||||||
| 10. | COMPARATIVES FOR THE STATEMENT |
OF | FINANCIAL ACTIVITIES | ||||||||
| 2021 | 2021 | 2021 | |||||||||
| Unrestricted | Restricted | Total | |||||||||
| funds | funds | funds | |||||||||
| f | f | f | |||||||||
| INCOME AND ENDOWMENTS | FROM | ||||||||||
| Donations and legacies |
698,916 | 47,057 | 745,973 | ||||||||
| Charitable activities |
|||||||||||
| Charitable activities |
88,448 | 357,086 | 445,534 | ||||||||
| Other income | |||||||||||
| Other trading activities | 890,079 | 890,079 | |||||||||
| Other income | 2,373 | 2,373 | |||||||||
| Total | 1,679,816 | 404,143 | 2,083,959 | ||||||||
| EXPENDITURE ON | |||||||||||
| Charitable activities |
|||||||||||
| Charitable activities |
482,951 | 408,813 | 891,764 | ||||||||
| Raisingfunds | 837,827 | 426 | 838,253 | ||||||||
| Total | 1,320,778 | 409,239 | 1,730,017 | ||||||||
| Net gains on investments | 7,135 | 7,135 | |||||||||
| NET INCOME/(EXPENDITURE) | 366,173 | (5,096) | 361,077 |
| for th | e Year Ended 31D | ecember 2022 | ecember 2022 | ecember 2022 | |
|---|---|---|---|---|---|
| 10. | COMPARATIVES | FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued | |||
| 2021 | 2021 | 2021 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| f | E | ||||
| RECONCIUATION | OF FUNDS | ||||
| Total funds brought forward |
993,139 | 315,520 | 1,308,659 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,359,312 | 310,424 | 1,669,736 | ||
| 11. | TANGIBLE FIXEDASSETS | ||||
| Freehold | Long | Plant and | |||
| property f |
leasehold E |
machinery | |||
| COST | |||||
| At 1January 2022 | 300,000 | 326,468 | 83,207 | ||
| Additions | 9,350 | ||||
| Disposals | (7,800) | ||||
| At 31December 2022 | 300,000 | 326,468 | 84,757 | ||
| DEPRECIATION | |||||
| At 1January 2022 | 2,000 | 307,552 | 53,569 | ||
| Charge for year | 1,000 | 17,727 | 10,825 | ||
| Eliminated on disposal |
(1,950) | ||||
| At 31December 2022 | 3,000 | 325,279 | 62,444 | ||
| NET BOOK VALUE | |||||
| At 31December 2022 | 297,000 | 1,189 | 22.313 | ||
| At 31December 2021 | 298,000 | 18,916 | 29,638 |
| TANGIBLE FIXEDASSETS - continued | |||
|---|---|---|---|
| Fixtures | |||
| and | Motor | ||
| fittings f |
vehicles | Totals | |
| COST | |||
| At 1January 2022 | 38,646 | 8,204 | 756,525 |
| Additions | 9,350 | ||
| Disposals | (7,800) | ||
| At 31December 2022 | 38,646 | 8,204 | 758,075 |
| DEPRECIATION | |||
| At 1January 2022 | 31,968 | 7,861 | 402,950 |
| Charge for year | 668 | 343 | 30,563 |
| Eliminated on disposal |
(1,950) | ||
| At 31December 2022 | 32,636 | 8,204 | 431,563 |
| NET BOOK VALUE | |||
| At 31December 2022 | 6,010 | 326,512 | |
| At 31December 2021 | 6,678 | 343 | 353,575 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| f | |
| MARKET VALUE | |
| At 1January 2022 | 307,135 |
| Additions | 13,515 |
| Revaluations | (38,187) |
| At 31December 2022 | 282,463 |
| NET BOOK VALUE | |
| At 31December 2022 | 282,463 |
| At 31December 2021 | 307,135 |
| Cost orva | luati | on at31December 2022 is represented b |
y: | |
|---|---|---|---|---|
| Listed | ||||
| investments | ||||
| f | ||||
| Valuation | in 2022 | (31,052) | ||
| Cost | 313,515 | |||
| 282,463 | ||||
| DEBTORS | ||||
| 31.12.22 | 31.12.21 | |||
| f | f | |||
| Amounts | falling due within one year: | |||
| Other debtors | 58,627 | 35,686 | ||
| Government | debtors | 4,462 | ||
| VAT | 19,686 | 19,249 | ||
| Prepayments | and accrued income | 213,410 | 107,428 | |
| 291,723 | 166,825 |
| 31.12.22 | 31.12.21 | ||||
|---|---|---|---|---|---|
| E | E | ||||
| Amounts | falling due after more than one year: | ||||
| Leasehold | deposits | 37,250 | 37,250 | ||
| Aggregate | amounts | 328,973 | 204,075 | ||
| 14. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.12.22 | 31.12.21 | ||||
| f | |||||
| Trade creditors | 75,383 | 28,919 | |||
| Other creditors | 191,391 | 89,531 | |||
| 266,774 | 118,450 |
| 31.12.22 | 31.12.21 | |
|---|---|---|
| f | E | |
| Within one year | 360,813 | 341,227 |
| Between one and five years | 1,194,355 | 1,111,500 |
| In more than five years | 362,625 | 339,083 |
| 1,917,793 | 1,791,810 |
| MOVEMEN | T | IN FUNDS | |||
|---|---|---|---|---|---|
| Net | |||||
| movements | At | ||||
| At 1.1.22 | in funds | 31.12.22 | |||
| f | E | f | |||
| Unrestricted | funds | ||||
| General fund | 410,096 | (44,195) | 365,901 | ||
| Designated | fund | 949,216 | 949,216 | ||
| 1,359,312 | (44p195) | 1,315,117 | |||
| Restdcted | funds | ||||
| C4fund | 105,221 | (5,560) | 99,661 | ||
| Enfield fund | 145,339 | (32,632) | 112,707 | ||
| Richmond | fund | 59,864 | (30,376) | 29,488 | |
| 310,424 | (68,568) | 241'856 | |||
| TOTAL FUNDS | 1,669,736 | (112,763) | 1,556,973 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources f |
expended | losses E |
in funds f |
||
| Unrestricted | funds | ||||
| General fund | 1,528,071 | (1,531,787) | (40,479) | (44,195) | |
| Restricted funds | |||||
| C4 fund | 396,391 | (401,951) | (5,560) | ||
| Enfield fund | 41,017 | (73,649) | (32,632) | ||
| Richmond fund |
28,975 | (59,351) | (30,376) | ||
| 466,383 | (534,951) | (68,568) | |||
| TOTAL FUNDS | 1,994,454 | (2,066,738) | (40,479) | (112,763) |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| f | f | E | ||||
| Unrestricted | funds | |||||
| General fund | 704,598 | 366,173 | (660,675) | 410,096 | ||
| Designated | fund | 288,541 | 660,675 | 949,216 | ||
| 993,139 | 366,173 | 1,359,312 | ||||
| Restricted | funds | |||||
| C4fund | 39,943 | 65,278 | 105,221 | |||
| Enfield fund | 188,674 | (43,335) | 145,339 | |||
| Richmond | fund | 86,903 | (27,039) | 59,864 | ||
| 315,520 | (5,096) | 310,424 | ||||
| TOTALFUNDS | 1,308,659 | 361,077 | 1,669,736 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | E | |||||
| Unrestricted | funds | |||||
| General fund | 1,679,816 | (1,320,778) | 7,135 | 366,173 | ||
| Restricted | funds | |||||
| C4fund | 352,980 | (287,702) | 65,278 | |||
| Enfield fund | 25,271 | (68,606) | (43,335) | |||
| Richmond | fund | 25,892 | (52,931) | (27,039) | ||
| 404,143 | (409,239) | (5,096) | ||||
| TOTAL FUNDS | 2,083,959 | (1,730,017) | 7,135 | 361,077 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.1.21 | in funds | funcls | 31.12.22 | |||
| f | E | E | E | |||
| Unrestricted | funds | |||||
| General fund | 704,598 | 321,978 | (660,675) | 365,901 | ||
| Designated | fund | 288,541 | 660,675 | 949,216 | ||
| 993,139 | 321,978 | 1,315,117 | ||||
| Restdcted | funds | |||||
| C4 fund | 39,943 | 59,718 | 99,661 | |||
| Enfield fund | 188,674 | (75,967) | 112,707 | |||
| Richmond | fund | 86,903 | (57,415) | 29,488 | ||
| 315,520 | (73,664) | 241,856 | ||||
| TOTAL FUNDS | 1,308,659 | 248,314 | 1,556,973 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| f | E | f | f | |||
| Unrestricted | funds | |||||
| General fund | 3,207,887 | (2,852,565) | (33,344) | 321,978 | ||
| Restricted | funds | |||||
| C4fund | 749,371 | (689,653) | 59,718 | |||
| Enfield fund | 66,288 | (142,255) | (75,967) | |||
| Richmond | fund | 54,867 | (112,282) | (57,415) | ||
| 870,526 | (944,190) | (73,664) | ||||
| TOTALFUNDS | 4,078,413 | (3,796,755) | (33,344) | 248,314 |
| separately managed and financed |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Related party income | 2022 Total f |
Debtors E |
2021Total f |
Debtors f |
| Branch Emergency Fund Grant from |
||||
| pooled RSPCA Branch Funds |
(40,000) | |||
| Door grant from RSPCA HQ | 97,328 | 96,536 | ||
| Neutering grant from RSPCA HQ |
2,097 | |||
| C4Albekier Legacy from RSPCA HQ | 76,136 | 76,136 | 73,826 | |
| C4 Regional Board Grant from RSPCA | ||||
| HQ | 15,000 | 7,500 | ||
| C4 donations from RSPCA branches |
33,469 | 2,958 | 49,005 | 2,316 |
| RSPCA Branch contracts for services | 55,978 | 25,917 | 47,536 | 7,090 |
| Ad hoc vet care provision other RSPCA | ||||
| branches | 2,763 | 489 | ||
| RSPCA Membership subscriptions |
1,695 | 319 | 1,356 | |
| Total | 282,369 | 105,819 | 237,856 | 9,406 |
| 2022 | 2021 | |||
| Related party expenditure | 2022 Total | Creditors | 2021Total | Creditors |
| E | E | E | ||
| RSPCA HQ purchases ofveterinary |
||||
| drugs and consumables | 88,867 | 27,439 | 62,756 | 13,905 |
| RSPCA Finsbury Park Hospital |
||||
| veterinary services |
3,025 | 2,265 | 6,525 | 658 |
| RSPCA Hillingdon branch |
2,500 | 2,500 | 2,500 | 2,500 |
| RSPCA Thanet re dog transfers | 300 | |||
| Total | 94,692 | 32,204 | 71,781 | 17,063 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | |||||||||
| Capitalised | equipment | and leasehold | improvements | and part | ||||||
| revaluation | reserve | 213,805 | 205,630 | |||||||
| Cash deposits held |
by | landlords | of unit | and charity | shops | 37,250 | 37,250 | |||
| Potential | redundancy | costs at | 31December 2022 | 75,272 | 66,338 | |||||
| Money unavailable | for | expenditure | at31December | 2022 | 326,327 | 309,218 | ||||
| Agreed in |
principle | Enfield Development | Fund | 640,000 | 640,000 | |||||
| Total Designated Funds |
966,327 | 949,218 |
| for the Year Ended 31December | 2022 | |||
|---|---|---|---|---|
| 31.12.22 | 31.12.21 | |||
| f | f | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Legacies and trusts | 1,000 | |||
| Donations | 31,860 | 278,551 | ||
| Subscriptions | 1,695 | 1,356 | ||
| Donations Pets At Home |
2,187 | 5,653 | ||
| Special collections and fundraising | 16,098 | 8,184 | ||
| Local authority grants |
149,858 | |||
| Furlough grants - retail |
76,576 | |||
| Furlough grant - welfare |
12,817 | |||
| Kickstart grant | 10,565 | 151,673 | ||
| Emergency fund grant |
(40,000) | |||
| Gain on sale oftangible fixed assets | 1,481 | 3,769 | ||
| Door grant | 97,328 | 96,536 | ||
| 161,214 | 745,973 | |||
| Other trading activities | ||||
| Shop income | 1,306,459 | 890,079 | ||
| 1,306,459 | 890,079 | |||
| Chadtable activities |
||||
| Contacts for services with other | RSPCA branches | 55,978 | 45,536 | |
| Lend a paw save an animal donations | 3,156 | 3,186 | ||
| Animal fostering and rehoming | and rehoming | scheme income | 56,720 | 47,033 |
| Free cat neutering scheme |
395,869 | 347,779 | ||
| 511,723 | 445,534 | |||
| Other income | ||||
| Bank interest | 1,543 | 81 | ||
| Investment income |
13,515 | 2,292 | ||
| 15,058 | 2,373 | |||
| Total incoming resources | 1,994,454 | 2,083,959 |
| 31.12.22 | 31.12.21 | ||
|---|---|---|---|
| E | f | ||
| EXPENDITURE | |||
| Charitable activities |
|||
| Fostering and | animal costs | 276,055 | 201,272 |
| Animal centre | costs | 394,972 | 351,592 |
| Othervetfees | 386,010 | 275,977 | |
| Emergency boarding fees |
13,445 | 2,865 | |
| Clinic fees | 2,500 | 2,500 | |
| Fieldworkers' | costs | 33,839 | 30,079 |
| Donations | 7,110 | 13,110 | |
| Printing, postage and stationery |
4,906 | ||
| Support costs | 20,383 | 9,463 | |
| 1,134,314 | 891,764 | ||
| Raising funds | |||
| Shop costs | 915,207 | 811,231 | |
| Fundraising costs |
1,145 | 10,389 | |
| Fundraising and support costs |
16,072 | 16,633 | |
| 932,424 | 838,253 | ||
| Total resources expended | 2,066,738 | 1,730,017 | |
| Gain/(Loss) on |
investments | (40,479) | 7,135 |
| Net (expenditure)/income | (112,763) | 361,077 |