##
||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|
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|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|
##
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##
|||||||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|