OpenCharities

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

2020-12-31-accounts

RSPCA West Dorset Branch

Annual Report and Unaudited Financial Statements

For the Year Ended 31 December 2020

Charity Registered in England and Wales Number: 248616

RSPCA West Dorset Branch Contents For the Year Ended 31 December 2020

Page
Reference and Administrative Details 1
Trustees’ Report 2 – 10
Independent Examiner’s Report to the Trustees 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to Financial Statements 14 – 26

RSPCA West Dorset Branch Reference and Administrative Details For the Year Ended 31 December 2020

Trustees Paul Weston Chair
Angela Smith Treasurer
Cathy Briggs
Julie Burgess
Graham Burridge
Jenny Gartell
Glenda Stamp
Colette Weston
Key management personnel Tessa Every Taylors Centre Manager
Cara Watts Taylors Centre Deputy Manager
Charity Number 248616
Principal Address and Registered Office PO Box 5460
Weymouth
Dorset, DT3 6WH
Website: www.westdorsetrspca.org
Email: mail@westdorsetrspca.org
Branch (runs and owns) Taylor’s Re-homing Centre
Higher Dairy
Kingston Maurward College
Dorchester
Dorset, DT2 8PY
Email: taylors@westdorsetrspca.org
Independent Examiner Michelle Ferris FCA
Albert Goodman LLP
Mary Street House
Mary Street
Taunton
Somerset
TA1 3NW
Bankers Lloyds, 92 St Mary Street, Weymouth, Dorset, DT4 8PA
Investment Managers Charles Stanley, 6B The Square, Wimborne BH21 1JA
Employment Advisors Croner, Croner House, Wheatfield Way, Hinckley LE10 1YG
Legal Advisors Womble Bond Dickinson, Temple Quay, 3 Temple Back East,
Bristol, BS1 6DZ
RSPCA National Society Wilberforce Way, Southwater, Horsham, West Sussex, RH13
9RS
Cruelty line: 0300 1234 999
Advice line: 0300 1234 555
Website: www.rspca.org.uk

Produced by Albert Goodman LLP

Page 1

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

The Trustees’ present their report and accounts for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements, comply with the Charity’s governing document, applicable law and the requirement of the Statement of Recommended Practice, “Accounting and Reporting by Charities” (SORP FRS 102) (implemented 1 January 2019).

Trustees

The Trustees serving during the period and since the period end are as follows:

OBJECTIVES AND ACTIVITIES

Objectives and public benefit statement

We promote the work and objects of the national RSPCA, being to prevent cruelty, promote kindness, and to alleviate the suffering of animals, in the West Dorset and Axminster (Devon) area.

Our charitable activities

  1. We take in to care and rehome unwanted and stray pets through “Taylor’s Rehoming Centre”.

  2. We assist pet owners in the Branch area who are on low incomes with payment for veterinary treatment.

  3. We promote the work and objects of the National RSPCA - to promote kindness and to prevent or suppress cruelty to animals by all lawful means. We support the work of local RSPCA Inspectors.

Objects and public benefit statement

  1. The RSPCA West Dorset Branch is an unincorporated charitable association and a separately registered branch of the Royal Society for the Prevention of Cruelty to Animals (the Society), carrying out its direct animal welfare work in the area of West Dorset (and Axminster).

  2. The objects of the Branch are to promote the work and objects of the Society - to promote kindness and to prevent or suppress cruelty to animals by all lawful means - with particular reference to the area of the Branch, in accordance with the policies of the Society.

  3. The trustees have reviewed the outcomes and achievements of our objectives and activities for the year, to ensure they remain focused on our charitable aims, and continue to deliver benefits to the public. We have complied with the duty under the Charities Act 2006 to have due regard to public benefit guidance published by the Commission.

Produced by Albert Goodman LLP

Page 2

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

OBJECTIVES AND ACTIVITIES continued

Advancement of animal welfare

  1. Under the Charities Act 2006, the advancement of animal welfare is recognised as a distinct statutory charitable purpose. This legislation and the Animal Welfare Act of the same year indicate an acceptance by society that treating living creatures with compassion has a moral benefit for the public as a whole. Whilst this public benefit is clear, it is sometimes difficult to quantify and must be balanced against any detriment.

  2. The Branch’s animal welfare work, although local in nature, benefits society at large, and also aims to help people in need with the care of their animals. The next section of this report highlights the Branch’s main activities and demonstrates the benefit provided to the public ( in italics ). All our charitable activities, as described in more detail in the following pages of this report, focus on promoting kindness and preventing or suppressing cruelty to animals and are undertaken to further these purposes for the public benefit.

Charitable activities pursued for the public benefit

  1. We support our local Inspectors by taking in, free of charge, mistreated or abandoned animals, including pets whose owners suffer ill health or financial difficulties or pass away. The Society’s Inspectorate (as well as providing education, information and advice) rescues animals in distress and enforces laws against the cruel mistreatment of animals in England and Wales by bringing prosecutions. This work is key to ‘the prevention or suppression of cruelty’ part of the RSPCA objects, and promotes humane sentiments towards animals which involves moral benefit to humankind as a whole.

2. We provide subsidised veterinary treatment for animals which are sick or injured and belong to local people on low incomes. We do this through our Welfare scheme. This work benefits those on means tested benefits by giving them financial help to obtain care for companion animals in need of veterinary treatment.

3. We provide subsidised neutering and microchipping of companion animals for those in the Branch area on low incomes. We do this through our Welfare scheme. This work helps to control dog/cat populations through neutering and benefits those on means tested benefits by giving them financial help to neuter and microchip companion animals, thereby promoting responsible pet ownership.

4. Animals in our care receive veterinary treatment, vaccination, neutering, micro-chipping and are assessed for rehoming. This work helps to control the incidence and spread of disease and suffering through vaccination and neutering.

  1. We rehome animals in need at low cost to people willing and able to have a companion animal. Whilst we recognise that companion animals provide measurable benefits to people’s physical and mental health, we consider the provision of pets as subsidiary to the main charitable of aim of this service, which is to reduce animal suffering. Our policy to charge a reasonable adoption fee for animals aims to highlight the ongoing personal and financial commitment of pet ownership. It would not be in the best interests of animals, and therefore would fall outside our objectives, to rehome to those who could not afford them.

6. We take in, free of charge, lost animals and take steps to reunite them with owners. This work benefits our local community (including local authorities) by preventing animals straying and posing a risk to themselves and to people through road traffic accidents.

Produced by Albert Goodman LLP

Page 3

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

OBJECTIVES AND ACTIVITIES continued

7. We respond to enquiries (both direct and via the Society’s national call centre) from the public about animals locally. The public benefits from knowing that we can intervene to assist animals in need.

8. We offer free animal care advice at our rehoming centre. The public benefits through the promotion of responsible pet ownership.

9. Within the terms of our governing document, we support the National Society and other RSPCA branches through collaborating on animal welfare initiatives and providing financial support for pet owners . The public benefits through our collective efforts to provide additional financial support by working together.

10. We provide volunteering opportunities for those who wish to support our work, including trusteeship, fostering and fundraising. This benefits local people and companies by providing the possibility of doing work which is compassionate and rewarding.

Aims and Objectives

Strategies to achieve Aims and Objectives

Volunteer contribution

The Branch is indebted to the contribution of our loyal volunteers, both at out charity shops and at Taylor’s Rehoming Centre. Volunteers contributed approx. 3,000 hours of work in our charity shops and over 1,000 hours of work at Taylor’s Rehoming Centre. Students at Kingston Maurward College put in over 500 hours of work at Taylor’s as part of their College Courses. Additional support is given by volunteers for fundraising events and administrative support. The dedication of all our volunteers is greatly appreciated.

ACHIEVEMENT AND PERFORMANCE

Fundraising

2020 was a tough year due to the Pandemic which impacted considerably on the activities of the shops with 2 periods of total closure. However when they were allowed to re-open the shops performed exceptionally well in very difficult circumstances.

Produced by Albert Goodman LLP

Page 4

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

ACHIEVEMENT AND PERFORMANCE continued

We were fortunately able to claim Furlough for the Shop Staff whilst the Shops were Closed and We were also eligible for Local Authority Grants and a full rates rebate. All of which greatly lessened the impact of the Pandemic on the Charity.

The Branch was fortunate to receive legacy income of £45,964 during the year. As ever, we are extremely grateful for the generosity of our donors, and committed to ensure that the legacy income we receive is spent for the maximum possible benefit for the animals in our care. In addition to this, the Branch received £769 from Funeral Donations.

Income is generated at Taylors Rehoming Centre through homing donations, sale of food, litter and other goods, holiday boarding for animals rehomed from Taylors, pen sponsorship, general donations and fundraising events. Total income generated by Taylors in 2020 was £19,724. In addition to this, income from the “Friends of Taylors” and regular standing orders brought in £21,389.

Unfortunately we have reduced income from Taylors due to the Pandemic and whilst we were closed to the public we were not able to Furlough staff as the animals still required the same level of care throughout the period of closure.

£25,173 was received from RSPCA Headquarters in respect of the national house to house fundraising initiative. The Branch itself does not carry out house to house fundraising, but we are very grateful for the proportion of funds raised which are passed to the Branch as a result the National RSPCA initiative.

Our investments generated £6,566 in interest and dividends. The Trustees closely monitor the performance of our investment portfolio and endeavour to maximise income with minimal risk to capital.

Due to the Pandemic occurring early in the year and the substantial market losses incurred, the Trustees felt it prudent to liquidate the Investments in order to safeguard the remaining funds and to ensure the continuance of the charity, with the expectation of limited Income from the Shops and the uncertainty for the year ahead.

Towards the end of the year once the uncertainty of trading was diminished somewhat, a new Investment Management Company was sourced and appointed by the Trustees. The funds will therefore be re-invested during the first quarter of 2021.

We were able to reclaim £1,991 in Gift Aid in 2020. We are grateful for our donors who kindly elect to allow us to claim Gift Aid on their donations, and also for all small cash donations, which are eligible for Gift Aid payments under the GASDS scheme.

Our static collection boxes throughout the Branch area, brought in £391. We would like to thank the shops and business who kindly allow us to keep collection boxes on their premises, and to the volunteers who kindly manage them.

Performance

The income generated by the Branch is used to meet the three main charitable objectives of the Branch set with regards to public benefit.

1. We take in to care and rehome unwanted and stray pets through “Taylor’s Rehoming Centre”.

Taylor’s total running costs for 2020 were £193,612. The following table shows the number of animals rehomed in the past three years

Produced by Albert Goodman LLP

Page 5

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

ACHIEVEMENT AND PERFORMANCE continued

Re-homing: Numbers of animals re-homed by Taylor’s 2020

CATS RABBITS HENS OTHER
2018 161 22 142 178
2019 134 25 142 178
2020 131 20 0 139

2. We assist pet owners in the Branch area who are on low incomes with payment for veterinary treatment.

The total cost of Welfare expenditure was £2,032 around 50% of previous years due to the Pandemic. The following table shows the number of animals assisted by our welfare activity over the past three years.

Welfare : Veterinary procedures financially assisted by the Branch 2020

CATS CATS DOGS DOGS OTHER OTHER
MEDICAL NEUTERING MEDICAL NEUTERING MEDICAL NEUTERING
2018 21 10 24 8 4 0
2019 21 16 23 14 0 0
2020 11 17 13 5 2 0

Produced by Albert Goodman LLP

Page 6

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

ACHIEVEMENT AND PERFORMANCE continued

3. We promote the work and objects of the National RSPCA - to promote kindness and to prevent or suppress cruelty to animals by all lawful means. We support the work of local RSPCA Inspectors.

During 2020 all activities were severely impacted due to the pandemic restrictions imposed, however The Branch continued to use its social media profile to promote national campaigns.

FINANCIAL REVIEW

The Branch received income from donations and legacies totalling £190,881 during the year compared with £238,953 in 2019. Additional income received during the year consisted of Pandemic support Grants totalling £77,861 (which is included within donations and legacies of £190,881). Income from other trading activities totalled £122,200 (2019: £207,474) and investment income was £6,566 (2019: £14,870). Total income for the year reduced to £319,647, compared with £461,297, in 2019.

Total expenditure decreased slightly to £336,466 (2019: £340,680). After accounting for net investment losses of £41,909 (2019: Gain of £18,065), the net Loss for the year was £58,728 (2019: Profit £138,682).

Our Financial Reserves policy

As 31 December 2020, total funds stood at £784,175. Of this, £546,995 represents free reserves available to the Branch, equivalent to more than 18 month’s current expenditure. The Branch aims to ensure that the financial reserves at any one time would cover at least twelve months predicted expenditure. This is to protect the Branch from fluctuations in income in order that levels of service provided for the welfare of local animals may be maintained in the event of a reduction in incoming resources. Reserves, in this context, means funds that are freely available for the Branch’s general purposes after all commitments have been met and excludes fixed assets. Of the free reserves mentioned above, the trustees have designated the investment portfolio of £450,000 towards the long term aim of providing a new Centre with additional facilities for the rehoming of dogs should funding allow.

Produced by Albert Goodman LLP

Page 7

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2019

FINANCIAL REVIEW continued

If the financial reserves substantially exceed eighteen months predicted expenditure at any one time, the trustees will seek to increase and expand the animal welfare activity of the Branch. In addition to free the Branch also holds additional restricted funds totalling £214,115 at 31 December 2020. These funds have been donated for specific purpose and cannot be used for anything other than the purposes for which they were donated.

In recent years a large part of the Branch income has been legacy related and whilst the trustees do all they can to encourage legacies to the Branch, by its very nature legacy income cannot be predicted.

FUTURE PLANS

In 2021 the Trustees aim to maximise the profitability of the three shops via constant review and implementation of new marketing strategies, including ‘Best Practice’ from our most profitable shop and making use of professional advice. The performance of all shops will continue to be closely monitored. Legacies will be promoted via leaflets and contact with local solicitors. The Branch will seek to hold as many individual fundraising events as resources allow. Use of social media will be increased to promote the work of the Branch. Taylors Rehoming Centre will maintain excellent standard of care and will maximise use of advertising to rehome animals.

The Trustees have planned an investment program in Taylors intended to bring the facilities up to a high standard with the possibility of future additional units to enable more animals to be catered for. This plan began during 2018, with improvements undertaken which included the installation of Air conditioning, high level security fencing and internal redecoration and refitting, this will continue during 2021 as funds allow.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is a branch of the South West Regional and National RSPCA and was registered on 13 July 1966 (number 248616). It is governed by the RSPCA Branch model rules and subject to the overall supervision of the RSPCA, but otherwise manages its own affairs and finances independently.

The charity is run by the branch committee whose members are the charity’s trustees. The Committee is elected by branch members at the AGM (7 to 14 trustees), or may be co-opted by the existing committee if they have particular skills required; up to 3 trustees may be co-opted in a year. Candidates for election at the AGM must be nominated by two eligible branch members and must receive in excess of 50% of the votes of those eligible members who are present and who vote at the AGM. To stand for election at the AGM, or to exercise voting rights, individuals must have been members of the branch for at least 3 clear calendar months. A declaration of willingness to act must be completed and signed before being eligible to vote at meetings.

Induction and training is covered by the provision of information packs and booklets from the National Society and the Charity Commission, as well as guidance and training from existing committee members.

There are three lead officer posts, Chairman, Treasurer and Secretary, and additionally nominated trustees take a lead responsibility for such things as line management of the re-homing centre, shops and website management.

Produced by Albert Goodman LLP

Page 8

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT continued

Trustees receive support and advice from the Branch Support Specialist (from the South West Regional RSPCA) who attends branch committee meetings and is always on hand to offer guidance.

Additionally one trustee is elected to the South West Regional Board, which meets on a regular basis to agree and assess campaigns, networking and home visiting schemes, and receives information on Inspectorate issues.

Matters that require a vote must be proposed and seconded by individual trustees and all trustees present at the meeting have one vote. The Chairman of the meeting is not eligible to vote unless in the case of the tie, in which case the vote of the Chairman is the deciding vote.

The trustees are legally required to draw up and implement a Risk Management Strategy. Once it is in operation daily implementation can be delegated, but the final responsibility lies with the trustees, who are liable for any infringement. Our very comprehensive Risk Management Strategy has been put in writing and made available to our auditors. The Strategy is reviewed and updated regularly.

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Produced by Albert Goodman LLP

Page 9

RSPCA West Dorset Branch Trustees’ Report For the Year Ended 31 December 2020

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on …………………………………………

……………………………… P Weston Chair

Produced by Albert Goodman LLP

Page 10

RSPCA West Dorset Branch Independent Examiner’s Report to the Trustees For the Year Ended 31 December 2020

Independent examiners report to the Trustees of RSPCA West Dorset Branch

I report to the trustees on my examination of the accounts for RSPCA West Dorset Branch (“the charity”) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Albert Goodman LLP provides the charity with book-keeping services. I confirm that the necessary safeguards as required by the Directions of the Charity Commission have been implemented, and that I have applied the provisions of the Revised Ethical Standard 2016 issued by the Financial Reporting Standard.

Independent examiner’s statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not comply with these records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair view” which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

…………………………………………… Michelle Ferris FCA Goodwood House for and on behalf of Blackbrook Park Avenue Albert Goodman LLP Taunton Chartered Accountants Somerset TA1 2PX

Date: …………………………………….

Produced by Albert Goodman LLP

Page 11

RSPCA West Dorset Branch Statement of Financial Activities For the Year Ended 31 December 2020

Note
Income:
Donations and legacies
2
Income from other trading
activities
Trading income
3
Other fundraising income
Investments
4
Total income
Expenditure:
Costs of raising funds
Investment manager's fees
Trading expenditure
3
Other fundraising and
publicity costs
Charitable activities
5
Total expenditure
Net income/(expenditure)
before other recognised
(losses)/gains
Realised losses on
disposal of investments
Unrealised gains/(losses) on
investments
Net income/(expenditure)
before transfers
Transfers between funds
12
Net movement in funds
Reconciliation of funds
Total funds brought forward
12
Total funds carried forward		 Unres-
tricted
£
133,314
121,261
939
6,566		 Res-
tricted
£
57,567
-
-
-		 Total
2020
£
190,881
121,261
939
6,566
Unres-
tricted
£
191,417
202,411
5,063
14,870		 Res-
tricted
£
47,536
-
-
-		 Total
2019
£
238,953
202,411
5,063
14,870
262,080 57,567 319,647 413,761 47,536 461,297
1,816
123,088
-
198,050		 -
-
-
13,512		 1,816
123,088
-
211,562		 3,083
130,465
360
193,978		 -
-
-
12,794		 3,083
130,465
360
206,772
322,954 13,512 336,466 327,886 12,794 340,680
(60,874)
(41,909)
-		 44,055
-
-		 (16,819)
(41,909)
-		 85,875
(3,312)
21,377		 34,742
-
-		 120,617
(3,312)
21,377
(102,783)
-		 44,055
-		 (58,728)
-		 103,940
1,070		 34,742
(1,070)		 138,682
-
(102,783)
672,843		 44,055
170,060		 (58,728)
842,903		 105,010
567,833		 33,672
136,388		 138,682
704,221
570,060 214,115 784,175 672,843 170,060 842,903

The statement of financial activities has been prepared on the basis that all operations are continuing operations.

There were no gains or losses arising in the period that are not shown above.

The statement of financial activities incorporates the income and expenditure account.

Produced by Albert Goodman LLP

Page 12

RSPCA West Dorset Branch Balance Sheet As at 31 December 2020

----- Start of picture text -----
2020 2019
£ £
Note
Fixed assets
Tangible fixed assets 8 133,865 152,469
Investments 9 - 392,516
133,865 544,985
Current assets
Stock 9,161 5,155
Debtors 10 14,791 16,663
Cash at bank and in hand 633,687 289,491
657,639 311,309
Liabilities
Creditors falling due within one year 11 (7,329) (13,391)
Net current assets 650,310 297,918
Total net assets 784,175 842,903
The funds of the charity:
Restricted funds 12 214,115 170,060
Unrestricted funds
General 12 120,060 280,327
Designated 450,000 392,516
Total unrestricted funds 570,060 672,843
Total charity funds 784,175 842,903
----- End of picture text -----

The financial statements were approved by the Board of Trustees on ……………………… and signed on their behalf by:

…………………………………….

P Weston Chair

Produced by Albert Goodman LLP

Page 13

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

1 Accounting policies

The principle accounting policies adopted in the preparation of the financial statements are:

1.1 Basis of accounting

The financial statements have been prepared in £ sterling on the historical cost basis and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP FRS 102).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

1.2

Income

Income from donations is recognised on a cash basis, in the year the income is physically received, except when the donors specify that they must be used in future accounting periods or donor conditions have not been fulfilled, then the income is deferred.

Bequests and legacies are included when entitlement is established, it is probable that the amount will be received, and the amount receivable can be estimated with sufficient accuracy.

Income from grants is recognised in the year in which they are receivable. Grants without performance conditions are presented within donations and legacies and within charitable activities when performance criteria apply.

Income from government grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Where no conditions are attached to the grant income they are recognised within donations and legacies and where conditions relating to performance of services are attached, grant income is recognised in income from charitable activities within the Statement of Financial Activities.

Income from other trading activities includes income relating to fundraising and is included in the Statement of Financial Activities when receivable.

Income from the shops are recognised at the point of sale. Goods donated for resale are included as trading income when sold. The value of services provided by volunteers has not been provided.

Income from investments constitutes dividends and bank interest and is recognised in the year to which it relates to.

1.3

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

The charity’s operating costs include rehoming and welfare costs, shop and other trading expenses and expenditure on publicity and fundraising. These are allocated to ‘costs of raising funds’ and ‘expenditure on charitable activities’ in the statement of financial activities as appropriate. Indirect support costs and governance costs are included under charitable activity expenditure.

Produced by Albert Goodman LLP

Page 14

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:

Rehoming Centre building 25 years straight line Shed, pens and fencing 5 years straight line Shop fittings and equipment 5 years straight line Other furniture and equipment 5 years straight line Motor vehicles 3 years straight line

Tangible fixed assets for use by the charity are capitalised where the cost is greater than £100 and their expected useful life exceeds one year.

1.5 Investments

Investments are recognised initially at fair value which is normally the transaction price (excluding transaction costs). Subsequently, investments are held at market value, with all realised and unrealised gains and losses passing through the Statement of Financial Activities.

1.6 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock is calculated on a first in, first out basis.

In line with the charities SORP FRS 102, it is considered that the costs of valuation of goods donated for resale outweighs the benefits to users of the financial statements and therefore donated goods are recognised when sold.

1.7 Debtors

Trade debtors and accrued income are recognised at the settlement amount due after any trade discount offered and any impairment necessary. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.9 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

1.10 Taxation

As a registered charity, the company is exempt from corporation tax and capital gains tax, but not Value Added Tax. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.11 Operating leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease. The charity has operating leases for the premises in which they operate their shops. The title of the leased premises remains with the lessor.

Produced by Albert Goodman LLP

Page 15

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

1.12 Fund accounting

Funds held by the charitable company are one of the following types:-

1.13 Pension

The Charity operates a defined contribution pension scheme. Contributions are expensed as they become payable.

1.14 Services in kind

On receipt, services in kind are recognised on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services of equivalent benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

1.15 Covid - 19

The Trustees have considered the implication of the Covid-19 pandemic on the operations of the charity. Due to lockdown measures, the charity had been forced to close its charity shops for a number of months in the year and also reduce foot fall at the centre. Covid-19 has negatively impacted the charity’s ability to deliver its planned objectives and has therefore taken advantage of the UK government Coronavirus Job Retention Scheme and other government grants. Taking into account all reasonable circumstances, the trustees believe that the charity remains a going concern and no adjustments to the accounts are necessary.

1.16 Financial instruments

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:

Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost and details in note 15. Investment portfolios are basic financial instruments measured at fair value through the income and expenditure account. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost and detailed in note 15. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Produced by Albert Goodman LLP

Page 16

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

----- Start of picture text -----
2 Donations and legacies
Unrest- Restrict- Total Unrest- Restrict- Total
ricted ed 2020 ricted ed 2019
£ £ £ £ £ £
Legacies, bequests and funeral donations 1,769 44,964 46,733 136,909 34,701 171,610
National RSPCA door to door 25,173 - 25,173 26,739 - 26,739
National RSPCA neutering grants,
donations and pet insurance 510 - 510 2,890 - 2,890
National RSPCA members subscriptions 782 - 782 45 - 45
- -
Rehoming donations 10,462 10,462 11,210 11,210
Collections and general donations
-
(incl Gift Aid) 16,756 16,756 13,624 1,070 14,694
Kingston Maurward contribution
- -
towards Centre running costs 7,970 7,970 7,745 7,745
- -
Taylors Friends 4,633 4,633 4,020 4,020
Exceptional government funding
Coronavirus Job Retention
- - - -
Scheme grant 28,194 28,194
- - - -
Other Covid grants 49,668 49,668
Total 133,314 57,567 190,881 191,417 47,536 238,953
----- End of picture text -----

The charity has been eligible to claim additional funding in year from government support schemes in response to the coronavirus outbreak. The funding received is shown above under “exceptional government funding”.

The charity furloughed some of its staff under the governments CJRS. The funding received £28,194 relates to staff costs which are included within note 7 as appropriate. Please see the Trustees Report on more information on the use of the scheme.

*Donated government grants

Produced by Albert Goodman LLP

Page 17

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

3 Trade incoming and expenditure

----- Start of picture text -----
Charity Other Charity Other
Shops Trading 2020 shops trading 2019
£ £ £ £ £ £
- -
Turnover from donated goods sold 94,771 94,771 173,634 173,634
Turnover from purchased goods sold 19,892 5,023 24,915 20,648 4,825 25,473
- -
Turnover from boarding at Taylors 1,575 1,575 3,304 3,304
Total trading Income 114,663 6,598 121,261 194,282 8,129 202,411
Cost of goods sold 9,986 4,233 14,219 15,267 3,954 19,221
- -
Shop wages 56,813 56,813 51,256 51,256
- -
Shop rent 37,125 37,125 41,751 41,751
- -
Shop running costs 12,825 12,825 16,131 16,131
- -
Depreciation of shop fixtures & equipment 2,106 2,106 2,106 2,106
Total trading expenditure 118,855 4,233 123,088 126,511 3,954 130,465
Net trading income (4,192) 2,365 (1,827) 67,771 4,175 71,946
----- End of picture text -----

All income and expenditure is unrestricted (2019: all unrestricted).

4 Investment income and interest

4
Investment income and interest
Dividends & interest on Unrest-
ricted
£		 Restrict-
ed
£		 Total
2020
£		 Unrest-
ricted
£		 Restrict-
Total
ed
2019
£
£
UK listed investments
Interest on UK cash deposits
Total		 5,251
1,315		 -
-		 5,251
1,315		 13,421
1,449		 -
13,421
-
1,449
-
14,870
6,566 - 6,566 14,870

Produced by Albert Goodman LLP

Page 18

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

5 Expenditure on charitable activities

----- Start of picture text -----
Unrest- Restrict- Total Unrest- Restrict- Total
ricted ed 2020 ricted ed 2019
£ £ £ £ £ £
Direct costs
- -
Wages 106,089 106,089 101,990 101,990
Food and litter 23,140 - 23,140 21,626 - 21,626
Vet fees 29,359 - 29,359 28,448 - 28,448
Neutering 791 - 791 1,315 - 1,315
Centre running costs 13,621 718 14,339 12,735 - 12,735
- -
Motor expenses 2,069 2,069 1,996 1,996
- -
Depreciation of Rehoming Centre building 12,794 12,794 12,794 12,794
- -
Depreciation of shed and pens 5,031 5,031 4,985 4,985
Total direct costs 180,100 13,512 193,612 173,095 12,794 185,889
Support costs
Office and miscellaneous expenses 561 - 561 668 - 668
- -
Printing, postage and AGM 1,582 1,582 2,031 2,031
Insurance 1,872 - 1,872 1,634 - 1,634
- -
Legal and professional fees 6,108 6,108 8,876 8,876
RSPCA HQ Quota payment 551 - 551 551 - 551
-
Depreciation of computer and
- -
other equipment 1,018 1,018 1,438 1,438
- -
Independent examiners remuneration 1,000 1,000 1,000 1,000
- -
Accountancy 5,258 5,258 4,685 4,685
- -
Total support costs 17,950 17,950 20,883 20,883
Total 198,050 13,512 211,562 193,978 12,794 206,772
----- End of picture text -----

6 Trustee expenses and related party transactions

Trustees received no remuneration in either year for their work as trustees. One trustee (2019: None) was reimbursed for travel expenses totalling £46 (2019: £Nil).

During the year the Branch received door to door grant income from the RSPCA national society of £25,173 (2019: £26,739) and neutering grants, insurance, donations, vets bills and subscriptions of £879 (2019: £2,935). In addition, purchases of goods for resale, food and other items amounting to £25,243 (2019: £21,626) were made by the Branch from RSPCA trading. The Branch also made an RSPCA HQ Quota payment of £551 (2019: £551).

Produced by Albert Goodman LLP

Page 19

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

7 Employees

Employment costs

----- Start of picture text -----
2020 2019
£ £
Wages and salaries 155,383 149,460
Social security costs 6,084 2,461
Pension costs -defined contributions 1,435 1,325
162,902 153,246
----- End of picture text -----

The average monthly head count was 16 staff (2019: 18 staff).

No employee received remuneration of more than £60,000 in the period (2019: £60,000).

Key management personnel

The key management personnel of the charity are considered to be the shop and animal centre managers. The total costs to the charity of employee benefits (including employer national insurance and employer pension) for the key management personnel were £45,562 (2019: £42,845).

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension costs charge for the year represents contributions payable by the company to the scheme. Contributions totalling £339 (2019: £283) were payable to the scheme at the end of the year and are included in creditors.

Produced by Albert Goodman LLP

Page 20

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

8 Tangible fixed assets

----- Start of picture text -----
Rehoming Shed, Shop Other
Centre pens & Fittings & furniture & Motor
buildings fencing Equipment equipment Vehicles Total
£ £ £ £ £ £
Cost
At 1 January 2020 319,846 55,798 43,055 15,667 10,601 444,967
Additions - - 2,345 - - 2,345
- - - - - -
Disposals
At 31 December 2020 319,846 55,798 45,400 15,667 10,601 447,312
Depreciation
At 1 January 2020 196,252 36,381 36,734 12,530 10,601 292,498
-
Charge for the year 12,794 5,031 2,106 1,018 20,949
- - - - - -
Eliminated on disposal
At 31 December 2020 209,046 41,412 38,840 13,548 10,601 313,447
Net book value
At 31 December 2020 110,800 14,386 6,560 2,119 - 133,865
At 31 December 2019 123,594 19,417 6,321 3,137 - 152,469
----- End of picture text -----

Produced by Albert Goodman LLP

Page 21

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

9 Fixed asset investments

9
Fixed asset investments
Listed shares
Cash held by investment manager
Listed Shares
Market value
At 1 January 2020
Additions
Disposals
Realised loss on disposals of investments
Unrealised gains / (losses) on revaluation
At 31 December 2020
Historical cost
At 1 January 2020
Additions
Disposals
Other movements
At 31 December 2020
10
Debtors		 2020
£
-
-
-
2020
£
380,822
-
(338,913)
(41,909)
-
-
£
363,981
-
(363,981)
-		 2019
£
380,822
11,694
392,516
2019
£
365,299
68,827
(71,369)
(3,312)
21,377
380,822
£
363,547
68,827
(71,369)
2,976
363,981
Other debtors
Prepayments
Accrued income		 2020
£
4,799
9,208
784		 2019
£
6,547
9,208
908
14,791
16,663

Produced by Albert Goodman LLP

Page 22

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

11 Creditors: Amounts falling due within one year

----- Start of picture text -----
2020 2019
£ £
Accruals 4,274 2,883
Other creditors 3,044 6,090
Taxation and social security 11 4,418
7,329 13,391
12 Summary of movement in funds
Opening Closing
Balance Transfers & Balance
1 Jan 2020 Income Expenditure gains/(losses) 31 Dec 2020
£ £ £ £ £
Restricted funds
- -
Taylor's Rehoming Centre 123,594 (12,794) 110,800
- -
Friends of Taylor's 4,020 4,633 8,653
-
Kingston Maurward 7,745 7,970 (718) 14,997
- - -
Janice Ashman Legacy 4,365 4,365
- - -
Margaret Freeman Legacy 30,336 30,336
- - -
Rosaile Joyce Ward Legacy 44,964 44,964
Total restricted funds 170,060 57,567 (13,512) - 214,115
Unrestricted funds
General fund 280,327 262,080 (322,954) (99,393) 120,060
- -
Designated fund 392,516 57,484 450,000
Total unrestricted funds 672,843 262,080 (322,954) (41,909) 570,060
Total funds 842,903 319,647 (336,466) (41,909) 784,175
----- End of picture text -----

Produced by Albert Goodman LLP

Page 23

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

Summary of movement in funds- 2019

----- Start of picture text -----
Opening Closing
Balance Transfers & Balance
1 Jan 2019 Income Expenditure gains/(losses) 31 Dec 2019
£ £ £ £ £
Restricted funds
- -
Taylor's Rehoming Centre 136,388 (12,794) 123,594
- - -
Friends of Taylor's 4,020 4,020
- - -
Kingston Maurward 7,745 7,745
- - -
Janice Ashman Legacy 4,365 4,365
- - -
Margaret Freeman Legacy 30,336 30,336
- - -
Ultrasound Appeal 1,070 (1,070)
Total restricted funds 136,388 47,536 (12,794) (1,070) 170,060
Unrestricted funds
General fund 190,338 413,761 (327,886) 4,114 280,327
- -
Designated fund 377,495 15,021 392,516
Total unrestricted funds 567,833 413,761 (327,886) 19,135 672,843
Total funds 704,221 461,297 (340,680) 18,065 842,903
----- End of picture text -----

General funds represents ‘free’ reserves after allowing for all designated funds.

Designated funds represents funds held for the long term aim of providing a new rehoming centre with additional facilities for rehoming dogs, should such time arise where the lease on the current premises is not renewed.

Restricted funds comprise monies donated for a specific project or purpose and represent monies received for:

Produced by Albert Goodman LLP

Page 24

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

13 Analysis of assets between funds

----- Start of picture text -----
2020
Unrestricted Designated Restricted Total
funds funds funds funds
£ £ £ £
-
Tangible assets 23,065 110,800 133,865
Investments - - - -
Current assets 104,324 450,000 103,315 657,639
Current liabilities (7,329) - - (7,329)
120,060 450,000 214,115 784,175
----- End of picture text -----

Analysis of assets between funds- 2019

----- Start of picture text -----
2019
Unrestricted Designated Restricted Total
funds funds funds funds
£ £ £ £
-
Tangible assets 28,875 123,594 152,469
Investments - 392,516 - 392,516
Current assets 264,843 - 46,466 311,309
Current liabilities (13,391) - - (13,391)
280,327 392,516 170,060 842,903
----- End of picture text -----

14 Financial commitments

At 31 December 2020 the charity was committed to making the following payments under noncancellable operating leases:

Operating leases which expire:
Premises:
Within one year
2-5 years
In more than five years		 2020
2019
£
£
45,901
45,901
119,104
148,504
57,754
74,255
222,759
268,660

Produced by Albert Goodman LLP

Page 25

RSPCA West Dorset Branch Notes to the Financial Statements For the Year Ended 31 December 2020

15 Financial instruments

Financial assets measured at fair value through
the income and expenditure account		 Financial assets measured at fair value through
the income and expenditure account		 Financial assets measured at fair value through
the income and expenditure account		 2020
2019
£
£
-
392,516
Financial assets that are debt instruments measured at 636,933
292,978
636,933
685,494
Financial liabilities measured at amortised cost 6,972
8,611
2020 Income
£		 6,972
8,611
Expense
Net gains Net losses
£
£
£
Financial assets measured at fair 5,251 - -
(41,909)
value through the income
and expenditure account
Financial assets measured at - - -
-
amortised cost
Financial liabilities measured at - - -
-
amortised cost
2019		 5,251 - -
(41,909)
Financial assets measured at fair 13,421 - 18,065
-
value through the income
and expenditure account
Financial assets measured at - - -
-
amortised cost
Financial liabilities measured at - - -
-
amortised cost 13,421 - 18,065
-

Produced by Albert Goodman LLP

Page 26