Charity rcgistr*ioti number.. 255763 Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Annual Rep)rt and Financial Ststements for the Year Ended 31 D¢c¢mber 2024
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Cotttents (continued) Refcr¢n¢e and Adminisuative Details Tntsiees. R¢pon 2107 Indep¢nd¢nt Examinerf5 Report Stsimeni of Financial Activities 9tolO Bance Sheet Notes to the FLnan¢Lal Ststements 12to28
Royal Society for the Pr¢velltion of Cruelty to Animals Nottingham and Notts Brallch Reference and Administratiie Detgils Trustees Mrs L Cook Tr¢45ufcT Miss K Grinrod Chair Ms E Ball Committec frs L Ellis Commiitee Chsrity Reglstr#flon Yi umber 255763 Prineipll Offi¢¢ The K¢mp McAdam Buildin8 7 Farrinyon Way EasTh¥ood Noryingham NG16JAG Lloyds TSB Bank plc Old Nlarkei SquaT¢ Nottin8ham NGI 6FD BAnk¢rs Independeni Ex4mltser N W Bonnello RII'B CA Limited Northgatc House North Glie Ntw Basford Noningham NG7 7BQ Brewn Dolphin 1st Floor WBierfront House Wat¢rfroni Pla72 33 Siaiion Sw¢¢i Nottingham NG2 3DQ One Fow Nine W¢3lth Ltd (Previously HFL Fith8n¢ial Advisets Ltd) 6 GeoT8C Strtti Nottingham NGI 3BE InVtment Advisors Inv¢stmeni Advlsors Page I
Royal Society for the Prevention of Cruelty to AnimaL% Nottingham and Notts Branch Trustees, Report Th¢ tn]stees present the annual report together with th¢ financial mtements of the Charity for the year ¢Dded 31 December 2024. Objectives and *ctivitieJ Objects t7nd ¢Tin In setting objectives and plantsing for activities, th¢ Trnsiee5 have givert due consideration to general guidance published by the Charity Commission relating to public benefit. In particular, the Trtte5 consider how planned actiVLties will contribute to the aim a¢)d objective5 they hve set. The Charity w85 ¢5thblished with ihc aim of providing temporary refijge for homeless animals. Animals of a domestic natrjre are offered for adoption 10 Sultable membets of the public. The Charity also Ca s for wild animals when necessary. and these animals are rele&sed into a suitsble envÉronm¢nt as soon as p05si6le. If necessary. the Charity aTrng¢s the humane death of seriously injur¢d or sick anima15 by qualifjed personnel. No animal OT bird Én need is ever turned away where ¢b¢y can be &$5ured of ¢lean, well maintained accommodation. will be w¢ll fed, will be providcd with veterinary care and where they will be well looked after by dedicated staff. It is the Charity's aim w pn)mote kinthiess oTh1 prevent cN¢lty anirnais. Anima15 are pla¢¢d in the care of th¢ Charsty by the public, police, local authorities and by the Sociery's inspector5. Focu5 l5 pla¢ed on supporting the So¢iery's In5pecwYa¢e in the Nottingham area. Publi¢ beméfit The trustee5 confim that they have complied with the requIrents of section 17 of the Chdriiies Act 201110 have due rewd to the public benefit gUidre published by the ChaTity" Commission for England and Wales. A¢bi¢vements and perfoTmats¢¢ The Brdnch is active in all pec1S of animal welfare. dealing with 225 animals during 2024 12023.. 246 anim$}. At busy times during the year. Ét is necessary use private boarding facilitie5 prior to fJndin8 availabl¢ RSPCA accommodation. Th¢ Branch is 8rnt¢ful to ACS Premier Pets who primarily provide this private i¥)arding at a competitive rate and who are responsive to the Brdnch's on-going needs, a5 well as the Radcliffe Animal Shelter for their collabomive approa¢h io enabling anima15 brOght in io Brarkch cate be rehomed. This is fjnanced by ihe Branch boarding bills and veterinary. treatments ore a Branch responsibility, and together these overhead5 fomi a lar8e part of th¢ atmual animal welfare ¢xpeThditure. Branch ¢ontinues to support Radcliffe AThimal Shelier with 2 SL8nificant annuai contribution. 12J animals were neuiered with the aid of the Branch during 2024 12023.. 135 neutetsl. Over many years we have run an sISted neutering service and, tveTh thovgh numbers are still low¢r than pre-pand¢mi¢ years12019.. 273 neurers). we still believe it 1$ imwjrtant that we ¢ontinu¢ w carry on this valuable ¢ampai8n into 2025 and beyond. The Charity are proud to be in a posiiion to be able to supp)rt other charities and as such contÉnues to work closely wilh Radcliffe Animal Shelter, contributing over £60.334 in 2024, with the aim to coniinue providing support in fuwicial donations. Additionally, RSPCA Elst Winch Branch assisted with £i5.000 to enable suitable ventilaiion to be fitted to aviaries and the holding roorn, Ls well as new fox #nd hedgehog enc105UTes. RSPCA Stapeley Grange Wildlife Centre & Cattery were also aidd in 2024 wilh £12.(KJO sup]x)rt various equiprnerLt purchases including avian flu build5. Yetllary, ¢att¢ry & hospital items, as well as general maintetwi¢e and Communications. The Charity ¢on¢inues io investigate the potential to Thtsrk with other tn-RPsCA organisations for the promotion of anima] welfare in Nottin8ham. Page 2
Royal Society for the Prevention of Cruelty lo Animals Nottingham 8Dd Notts Brnnch Tru5tees' Report (continued) At year end, the Charity held £681,119 in non-cash invesllD¢nts (fixed asset investsnents). Our investment portfolio produ¢¢d a gain of £35.724, which as per previous years. was reinv¢st¢d within the portfolko. The Tn]stees have maintsind their robwt investment str*egy and continuc to manage the Charity's fund5 and investments with the support of OThe Four Nine Wealth Ltd. our invesknent cash deposit s¢rat¢gy advi5er5. and Brewin Dolphin who aei &$ our investment fund managets. Our invesirnenl Strntegy Considers OUT long-tcrm ntedg aniiude to risk and OUT ethi¢al requiremeThts. Because Ihe Charity still trade5 ai a loss. ond io ensure Ix>th long i¢m) survival and future development, we need to mainiain suificieni funds to cover this deficit and take st¢P5 to proie¢t our reserves [refe¢d to as'fiwds" in the accowits) from the effects of inflation. Our inv¢sm)ent risk profile is besi described "cautlOUS Wlth som¢ risk" We tak¢ a moderate approarh its risk and invest in well-kno1. r¢putsbl¢ and ethical itL5titutions. Approximately 140/0 of our fixed et inve5tm¢nts are held in bonds is5u¢d by th¢ [j government. major banks and financial in5titulions. Our ethical stance means we avoid investing in iLstitutiong whose a¢tivities may involve the use of animals for tesiing products. or Ca harm to animals. The Charity aim5 to invest 75Q/• of our fund5 in long t¢rni fill5, and keep 25°h in ¢ath. We have a strategy foT our cash investments wh¢r¢by wc m&ximise the intere% rthjrn we c4n Tnake by Inveing in differerht temi bonds and ac¢ounis of up to two yeaTS. The ush balances are held across different banking insiituiions ro minimise the risk which a further banking crisis may pose w th¢ BrdTKh. FinAncial review Th¢ S¢atem¢tst of Financhal Activities for the year 15 Set out page 9 of the fitwKia] statements. A summary of the finan¢ial results and the Work of th¢ Clwity is set out below. Income from donations and gifts received during the year ¥nK)unted 10 £90,141 in comparison 10 £245,029 receiv¢d durin8 2023. The Chariry's fmanC1 s¢aiem¢nis for the year include legacy incom¢ of £48,554 receivable during 2024 compar¢d to £191.817 rtIVed durin8 2023. M¢mbershkp income was £487 in 2024 compared LO £373 received in the year 2023. Retail iTh¢ome was £82,285 compared to 1.447 in 2023, an incre&se largely du¢ UJ the success of the ¢Commer¢e revenue Stream. Other than people costs. direci Charitsble expenditure in relation to the TeC¢Ption, boaTding and ¢are of animals ¢onlinu¢s io absorb a large share of the Charity'5 ¢xp¢nditLLre. These c05t5 equated to £443,418 ihis year. compared to £382,455 ITh 2023. It Is recogTh15ed natioDally that fundrdising trends have ¢hanged over the f¢w years and the Chority h&s worked to adapt its approach to income generation. IlThilsi the reiail chariry shop at Eastwood has a strong and esiablished set of volunteers. there 15 StLII a need to i¢¢ruit mote ¢0 help 7th the day io day running of the charitL¢S. During the year the Branch hcad office cat adoption area and ecommerce bu5ine55 have flourished. Additionally, throughout the year. the Charity nms several promotional fundraising campaigns as w¢ll as initia¢ives to boost the uptake of neutering vouchers. Pagc 3
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Trustees, Report (continued) Pay policy for senior staff The Branch manag¢r is the only senior staff employ¢d by the Charity. Her ¢QTnpensarion package is r¢w¢wed on an annual basis by the Trustees. Ptnsions The workplace 50 was introduced in 2016 as a government requlrernent. Ptsllry on reseeS The Trus(ee5 have r¢wew¢d the reserves of the Chartry. This review encotnpassed the nature of the income and expenditure streams. the need to match variable incotne Mith fixed eommilrnents atsd the nature of the resetves. The Charitys genera] reserve remains strong and wcll-fimded. Throughout 2023, the Chariry's re5ervcs poli¢y continued tts two-fold objective.. (al To Set aside suificient contingency funds fo ¢over unforeseen rrises or extended periods tsf finattcial setback. (This ¢over is based on 12 rnonths operaiing costs with £420.000 rin8-fenced for thi5 purpos¢}", Ibl To enable th¢ ltsng-term survival arKi future development of the Charity 50 that it may achieve the Society's objeciives in an enduring and effe£tive matLn¢r. ThLS rx)licy will be reviewed during 2025 against the ba¢kwund of economic rlwhges which accompanied the continued unrest in rhum¢rous ColtrieS aer055 the orld, and si8nifLcant rUCtIOnS in legacy incorne in re¢¢ni years. The board continu¢$ to believe that the Charity faces a fijture which is likely to be chardcterised by fewer and lower value legacies than in the past. Our approach will th¢r¢fore continue to be ¢aviious and based on a r¢alisti¢ ouilwk for the firture. but Tt slKuld also be pointed out that the Charity'5 ciirreiit tots] r¢serves remain strong. The Trustees recognise that they should expend an appropriate proportion of available fund5 on the Soeietys chitable objectives wiihiTh a re&wnabl¢ period of lime. Hoiveyer, aThy process Mthich involves i signifi¢anL depletion of reserves must be handled carefully and gradllally. The investment funds we hold produce much needed income wllich helps fvnd our animal care operaiiot)s and limit the size of our operaiional deficil. Page 4
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Trustees, Report (continued) Plans for future periods Aims ondkey objeclive5forl4fvreperrod% Main Goals.. • Continued investtneni in on¢ or Tnore animal welfare PToj¢cts The charity wÉll continue to work with the Inspectorate and other RSPCA Branches w Inve in animal welfare projects. Whether thi5 be buyit)8 equipmeni for the Inspectorat¢ or continued fvnding suppon for other Branches. Following on from achieving our commitsneni io investing tnor¢ knto the Radcliffe Animal Sh¢lt¢r, we will continue suppon thtm financially. The ¥enovations we helped fwid in prior year5 have b¢n¢fKted the local area in krtns of animal wclfare. public ¢du¢ation and vCrinry training. We look fonvard coniinuing to provide help to similar projects in 2025. EsrablishiDg a sthble source of income The charity will ctsntinu¢ hold fiuKlraising ¢v¢nts throughout the yw, and we will consider how these can be run with other charitLes. Our dedicated staff atjd voluThteeTS ai b)th the Branch. our Eastwood charitv shop and our ¢Commerce store have endle551y found ¢reaiive way5 to Continue to raise funds for th¢ Branch through ch311¢ngirtg and uncertain times. This Steady in¢tsme s(ream 15 particularly important in the backdrop of de¢reasing fundrai5irhg opportuniiies in the wder m8rk¢i. The Chariry will continue io work with the ITLspe£toraie and other RSPCA Bran¢h¢s to invest in animal welfare projects. Going conttrn Aft¢r making appropriate eihiukri¢s, the Trustees have a Itnable expectstion that the Charity has adequate resources to continue in operdtional exisienc¢ for the foreseeable fimire. For this reason. they ¢ontinue to adopi the 80ing concern basis in preparing the financial wiements. Further detsi15 regarding the adoption of th¢ going concern basis can be fowid in the AOuntIng Policies. The Charity htslds a si8nifLcant amount of investmenty thefor4 should the need arise, the Charity has the option to sell the investments held whi¢h support ihe Charitys ongoing operntion. Page 5
Royal Society for the Prevention of Cruelty lo ADim2ls Nottingham and Notts Branch Trustees, Report (continued) Trustees attd offieers Th¢ tru#¢es and otTicers serving during the year and since th¢ y¢ar end wtre as follow5.' Trusttts: L Cwk Trwurer Miss K Grinrod Chair Ms E Ball Cornmittee Mrs L Ellhs Committe¢ Mrs M Twardawa Committee Struetiirej gov¢rnante And managethent Nature ofgoverning document Th¢ PTin¢ipal object of the Charity i$ to use the frethold property for the reception, boardirt& atld adoption of. unwanted, losi. starvin8. injured or dIsed animals. for the promotion of kindness. and prevention or suppression of cruelty io animals. The Charity is governed under the RSPCA Rules for Br2nches 7 October 2023. The Charity is cotlstituted under the Royal Society for th¢ Prevention of Cruelty to Animals Acts of 1932. 1940 dnd 1958. Recruitheni And4ppAlMeThr oftru51ee5 The Charity is adtnini5tered by the Trustees. Tntsttts retire at eath annua] g¢n¢rnl meeting and can offer themselves up for re-election. Induction oftrustees Tnjstees are )nteNeW by officers of the Brdnch and are given an induction pack detailing the RSPCA Branch Tules and objectives. Further trdining is available on request from th¢ Branch Partnership Manager. org¢Tnl51oI{l$fftIcthre The Rules of the Society cottfer upon the Council poThrr to supetvise and control the management and affdirs of Branches. The Branch is controlled by elected Executive Officeis and Committee .Members. The Executive Officers are ele¢ted b>. the Branch Committee. During the year. the Trust¢es eonstsnily review their Composition and eff¢¢tiveness in order to provid¢ the best ser¥ice5 to the rhan"ty. Trlee5 of the full board meet at le&st once every two months. Day to day administration of the BraThch 15 delegated to Jo Maddocl Brdn¢h Manager. Employee5 are consulied on issues of concern to them by means of regular stsff m¢eiings a[ are kept Infomied on specific m3tt¢rs directly by the managem¢nL The Chariry believe5 that $tsff traLnitsg is vÉtal to animal welf2re work. and staff have embarked on cours¢s irt pratlical skills of a wmprehensive nre. The Charity L5 grateful for the unstiThiin8 efforts of volunieeTS. It is impossible to estimate the enormou5 noUn1 of time devoted, arhd value provided. by volunteeTS lthOU1 wljom the Charity would be unable io run ir5 organisation so ¢ff¢etively and help so many anim5 in need. We are equally gratefiLI for the hard WOTk, devotion to duty and long hours given by the Branch manager and stsff in nmning the Charity so well and %%ith so much commitment in the eause of animal welfar¢- especially with the un¢eMainty around the changes to the RSPCA iThspxioraie fra[nerk s¢en this year. Page 6
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Brgnch Trustees, Report (continued) M4jor tisks ondmanugemeni ofthose risks Risk mafr7agemenl The Trustees have &sses5ed thc major risks w %thi¢h th¢ Charity is exposed. in particular those relaie41 to the operations and finaD¢cs of thc Charity. and saiisfied that Systems and pwocedur¢s are in place to mitigate our cxposure to major risks. As per PT¢ViOUS years. lh¢ Charity has adopied a low mediurn risk return policy on its investment portfolio and this is reviewed every 6 months wilh our advi50TS. Th¢ investments arc mwthged by Br¢win Dolphin on the basis of the regulations detailed in the RSPCA Ad 1958 and the TTUSttts have given the inve51meTht managers discreiion io mana8c the portfolio within th¢ approved risk profile. The Trusiees also benefit from the 5ervi¢e$ of 1ndHrtd¢nt fhnancial advisers. One Four Nine Wealth Lid {previou51y HFL Financial Advis¢rs Ltd due to acquisiiionl, ov¢rstt and Provide advice on the Charity's investtnenl wrtfolio ¥nd ¢ash dep)sits. Stl¢m¢nt of Trustees, Responslbllliits The Iru$lee$ hr¢ T¢spon$ibl¢ for Preparing the trusiees. pOrt Ind the financial statements in COrd8nce with the Ufiiied Kingdom Accounting Standards (unli Kingdom Generdlly A¢cep¢ed AttouThiing Praciicel and applicable law and regularions. Th¢ law applicable ¢harities requires the trustees prepare financial sthtements for Ch finJn¢ial year which give o inle dnd fair view of ihe stst¢ of affair5 of Ihe Charity and of the Incomin TCSOUTECS and appli¢aiion of rewur¢e$ of the Charity foi thai period. In preparin8 thcsc financial S¢¢M¢nts. the trustees are required ty.. select suitable a¢couniin8 policies and th¢n apply th¢m ¢onshsten¢Jy- observe rhe m¢ihods and prirtciples in the ChlieS SORP- mak¢ judgemcnts and ¢siimai¢s thal are rea50nabl¢ and pdent. state wheiher appli¢abl¢ ¥couniin8 stsndards have been followed, subj¢¢t w any material departures disc105¢d and explained in ihe finala[ 5tatemcnts: ond preparc thc financial stsiements on the going ncern basis uttless li is inappropriaie ¢0 psum¢ thai the Charity will coniinue in bu5ine$5. Thc trustees we r¢sponsibl¢ for keepirtg proper aceouniing Te¢oTds tho1 disc105e wilh reasonable a¢¢ur2¢y ai any time the finon¢ial position of ihe Chariry aThd enable ihem to ensur¢ thai the financial 51at¢meni$ wmply with Ihe Charities Aei 2011. the Chariiies IAccounis and Rcportsi R¢8ulaiion5 2008. and the provisions of ihe constitution. The (ruslees also rcswnsible for safe8uarding the assets of the Charity arhd h¢n¢e for t¥kin8 rea50nablc steps for th¢ prevention and dd¢¢¢ion of fraud and oth¢r irr¢gulariiies. The IsIteS are r¢sponsiblc for the mainienanc¢ and inte8rily" of ih¢ wrporate and financial inforniaiion included on ihe ¢haritable company's website. Ixgislaiion goveming the pr¢par&tion and disseminaiion of fLnan¢ial staiemenis moy differ from legislion in oth¢r jurisdictions. The annual T¢POrt w&% approv¢d by th¢ thtyttts of the Charilv nn 21 June 202$ and signcd on its behalf by.. Mrs L Cook Treasurer TnLStee MI K Grinrod Chair Trusiee Pa8e 7
Royal Society for the PreveDtion of Cruelty to Animals Nottingham 2nd Notts Branch Independent Examiner's Report to the trustees of Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch I rcport to the tNstees on my examination of the a¢nts of Royal Society for the Prevention of Cruelty io Animals Nottin8ham and Notts Bran¢h for the year ended 31 December 2024. Respon$ibiliiies •nd bas of report As the Charity tn15tc¢s of Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch you are responsible for the pr¢paTation of the accounts in a¢cordance the requiTements of the Charities Act 2011 {'the Act'l. I report in respect of my examination of the Royal Society for the Prevention of Crueltv io Animals N'ottingham and Notts Branch's accounts ¢arried out under scdion 145 of ihe 2011 Act in carrying out my examination I hav¢ followed all the applicabl¢ Dire¢tions given by the Clwity CommissioTh under 9e¢tion 14515Kbl of th¢ A¢t. Independent exminer s sttem¢nt I have completed my examinion. I cotlfirn that no material matters have come to my attention in conneciion with the examination giving me cause io klieve that in any merial respect: accounting records were no¢ kept in respcct of Royal Society for the Prevention of Cruelty to Animais Nottingham and Notts Brdnch as r¢quired by se£tioTh 130 of the ACL OT 2. the occounts do not accord with those records. or 3. the accounts do no¢ comply the accounting requirements concerning th¢ fomi and content of a¢¢owits set out in the Clwities {Accounts ar Reports) Regulations 2008 other than any requirement that the accounts give a 'knLe and fair which is not a maller ¢onsid¢r¢d as part of an independent exam1Tloft. I hve no ¢on¢¢rns and have come across Th) other matters in connection with the examination to which attention should be drnn in this r¢port in order to eThable a proper understanding of th¢ accounts to be reached. N W Bonnello RWB CA Limiied The Institute of Chart¢r¢d Account3[ of England and Wales Northgate House North Gate New Basford Nollingham NG7 7BQ 23 Jwie 2025 Pag¢ 8
Royal Society for the Prevention of Cruelty to AnimaL8 Nottingham and Notts Branch Statement of Finan¢io1 Activities for the Year Ended 31 December 2024 Uthresirlcted funds Restricted funds Tot*1 2024 Noit Income And Endowmtnts froth: Donations and lebjacies Other trnding activiiies InvestTnent nme 78,851 82.858 30.327 11.29) 90.141 82.858 30.327 Total in¢om¢ 192.036 11.290 203.326 Exptndlturt on: Raisin¥ fuiids Charitable activities {8.419) 423.7091 18.419) 434,9991 11.290 Toial exp¢ndi¢ure Gainsllosses on investment assets 1432.1281 35.274 (11,2901 (441,4181 35.274 Net expendirure Nei mowement in ndS 1204.8181 204.8181 (204.5181 {204.8181 Reeon¢ili81ion of fynds Toial funds brought forward 1,369.956 1,369,956 Toial funds CalEd fonwd 21 .165.138 1.165,138 The tteS on pages 12 28 fonn an iThtcy#] part of thes¢ flnancial 5tatemcnts. Page 9
Royal Society for the Prevention of Cruelty to Animals Nottingham attd Notts Brallch Statement of Financial Activi¢ies for the Year Ended 31 December 2024 {eoDtinued) UnTe5tricted fund5 Restricted funiL¥ Tot*1 2023 Note Incorne and Endowmertts from: Donation5 and legacies Other trdding activities Investment in¢om¢ 214.911 51.820 29.032 30,118 245.029 51,820 29,032 Total income 295,763 30.118 325.881 Exptndltur¢ on: Raising funds Charitable activities 18,6451 343,6921 {8.645} 1373.8101 130.1181 Tothl expertditure Gains11055es ott investsnent assets (352,3371 35.707 (30,1181 (382,4551 35.707 Yet expenditure Other rtCOV115ed ylns lad Iosmy (hher 8ainsllos5es Nei movemeni in fvnds (20.8671 120.8671 3.6 3.600 {17,2671 {17.267) Reconciligtion of furtdj To¢81 funds broughi forward 1.387.223 1.387.223 Tothl funds ¢arri¢d forw8rd 21 1,369.956 1,369,956 All of the Charity's oaiviiies derive from continuing operations duritt8 the above tyvo periods. Th¢ funds breakdown for 2023 15 5hown in noie 21. Thc notes on pages 12 to 28 forni an integral part of these finan¢ial ststements. Pa8e 10
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch (R¢gi5tration number: 255763) Balance Sheet &$ at 31 December 2024 21124 2023 Fixed a$stlS Tangible assets Inv¢5ttnen¢5 13 14 286,986 7?8.653 299,819 784,962 1,015,639 .084.781 Curr¢n¢ imets Sto¢ks D¢btors Cash ai bank and in hand 15 16 232 17,220 152.625 1.030 18.070 278,472 170.077 297.572 Creditors: AThouDts fliitig due within one yer 18 120.5781 112,3971 Net ¢urr¢nt ass¢ts 149.499 285,175 Net assets 1,165.138 1,369.956 Funds of th¢ Clxarity: Unrestricted income funds Unrestricted funds 1.165.138 1.369,956 Total funds 21 1,165.138 1.369.956 The finan¢ia] stai¢ments on pa8es 9 to 28 were approved by th¢ tnLStees. and authoriscd for issue on 23 June 202.$ and signed on their behalf by.. Mrs L Cook Treurer Trustee iss K Grinrod Chair Tnle¢ The notes on pages 12 to 28 fonn an integrnl part of thes¢ fLnan¢ial 51alements. Pagell
Royal Soeiety for the Prevention of Crnelty to Animals NottiDghgm and Notts Branch Notes to the Financial Stgtements for the Year Ended 31 December 2024 l Aecounting polici StateJneDt of eompliarttt The fJno0¢ial statements have been prepared in a¢cordance with the second edition of the Charities Statetncnt of R¢¢omtnended Practice issued in Octob¢r 2019, the Financial Repx>rting StsndaTd appli¢ablc in th¢ United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial ststements have been prepared to give a'true al fair, vic and have departed from the Charities IA¢wunts and RekN)rts) Regulations 2008 only to the exieni required to provide a 'true ond fair view.. This departurc has involved following the Accountin8 and Rep)rtittg by Charities.. Staterncnt of Recommended Practice applicable lo chariiies preparing their accounts in a¢cordan¢e with the Financial Reporting Sw)dard applicable in the UK and Republic of Ireland issued in (kiober 2019. B#$i$ of prÈp#rxtio Royal Society for the Prevention of Cruelt). to Animals NTottingham and Notts Brdn¢h meets the definition of a public benefit entity under FRS 102. The accounts lfinan¢i21 statements) have been prepaTed under the historical C05t convention with items re¢ognised at cost or trartsa¢tion valu¢ unless otherwise stated in the rel¢vant TK)te(sl to these accounts. Going concerD The tntstees consider that there arc no material unc¢rt2inties aFKJut the Charity's ability to continue a going concern. Income 4nd endowments Voluntary income including donations, gifts, I¢wdcies and grdnts that provide wr¢ funding or are of a general nature is recogt)ised when the Charity has entitlement io the incorne, it is probable thai Lhe income will be received atld the amount can be measured with sufficient reliabiliiy. Do*o1101fftS tshdleguci¢s Donations and le8acies are recognised on a receivable b&sis when receipt is probable and the amount con b¢ reliably measured. Gifts in kin Gifts in kind donated for distribution ar¢ included * valuation and recognised as income when they are distribuied to the projects. Gifts donated foT resale are included as irKome when they ar¢ sold. Donated facilities are included at the value io the Charity where this can be quantified and a third party is b¢8ring the c05t. No amounts ¢ in¢lvded in the fmancial statcmcnts for servi¢es dot)aied by volunteers. GiJi Aid Inme recov¢rabl¢ in relation to donations reIved und¢r Gift Aid or deeds of rov¢natht is Ir¢ognLsed at th¢ time o(the dooation. JKvestmenl income Dividends are re¢ognised once the dividend been declarcd and notific•ion Iks been received of the didend due. Page 12
Royal Society for tbe Prevention of Cruelty to Animab Nottingham Ydnd Notts Bran¢h Notes to the Financial Statements for the Year Ended 31 December 2024 {eontinued) Expendilure All expendiDJTe 15 recogni5cd once thert is a lega] or ¢onstnJciive obligation to that ¢xp¢ndilVT¢. li 1$ pr()babl¢ selllemeni is required and the amount can b¢ measured reliably. All cijsts are allocated tts the applicable exp¢ndiiur¢ h¢ading thai a88re8aie similar costs to that cagory. Where costs cannot be directly attributcd tts partieular headings they have bcen alloc31cd on a basis consisieni with th¢ use of r¢sourct5. Wlth centrnl staff cosis allo¢a¢ed on the basis of time 5peni. and dcpreciaiion chargcs allo¢ai¢d on lh¢ portlon of the asset's Use. Other supp)rt Costs are allo¢ad bLs¢d on the spread of staff Costs. RtTi5ingfullds These are Costs incwred in attractinB voluntary iricome, the management of inv¢stments and those incutted in tradinx activities thai raise funds. Ch4ri14ble odlvllles Dire¢1 ¢harilable expcrmliture consists of boardin& eMent. 5payin8 and gener&] animal welfare cosis. asso¢iai¢d ¢siablishment costs. and wage costs rtlaiing io lh¢ caring of the animals. Fundraising costs are Ihos¢ in¢urred in seekin8 voluntary ntrIbUllnS. Support cosis are those Incurred dirccily in 5UPPOrt tsf expendiiure on the objeeis of the Charity and include rtlevant salaries ond wa8es. Govcrnance costs are those incurred in ¢onne¢iion wilh administration of the Chuity and ¢omplianc¢ with wnstitutionDI ond Statutory requirements. Sypport ¢osts Support C051S include central fwi¢iions and have bcen alloted io aciivity cost ute8ories on i basis consisieni wilh Ilic usc of rcsour¢es, for ey8mple. allwBtin8 property costs by floor are85, or per capita. staff costs by (he lime 5pcnt and other ¢osis by their 8¢. Governince cosls These include the costs attributsbl¢ to the Charity's compliance with wnstitutional and ststury requirements, includin8 audit. siraiegi¢ managemeni and wu5t¢e5 rneetin8s reimbursed expenses. T#xtlo The Charity is con$id¢red w Pa the tssts set out in Parwaph I S¢hedule 6 of the Financc Act 2010 and therefore it mee15 Ihe dcfinilion of o charitable Company for UK ¢orporaiion w purpose5. Accordingly, the Charity LS FK)tentially cxempl from 18uiion in respect of in¢ome or capiul goin5 received within ¢ategories ovcred by Chapter 3 Part I l of ihe Corpornion Tax Act 2010 or Se¢iion 250 of the Taxation of Chargeable Gains Ac¢ 1992, 10 the extent thai such it)com¢ or gains are applied exclusively w ¢haritable purposes. TAngible fixed 4ssets Individual fJx¢d &8sets costin8 £500.00 or more are initially recorded 8t co. DepreeiAtson nd mOrti110 Depreciation is provided on iaDgibl¢ fix¢d wets 50 &$ to write off the cost or vo]uatioTh Icss any estimated r¢sidual value. over their expeded useful ewnomi¢ life as follows.. Asset el$$ Freehold property F4Jrniture and equipment Motor vehicles Depreciation mdhod •nd rate 20/0 per annum of cost 33% per annurn of cosi 33% w •nnwn ofcosi Pa8c 13
Royal Society for the PreventlOD of Cruelty to Animals Nottingham and Notts Branch Noles to the Finan¢ig1 Statements for tbe Year Ended 31 December 2024 (continued) Fixed #$set invutm¢uts Fixed tt inve5tm¢nts, tsther than PTO8ramme r¢lat¢d irtvestments. are included at value at the bal3n¢e sheet date. Reaiised 8aitL% and I05S tsn Lnvesthents are ca]culat¢d as the difference betw¢eo sales PreedS and their mark# value at the start of the year, or their 5ubsequ¢nt COSL and are char8ed or ¢r¢dit¢d io the Statement of Finan¢iai A¢tivities in the period of disposal- Unreali5ed gains atsd losses represent the movement in market valves during the year and att credited or harged to the Statement of FinarKial Activities bd on the matk¢¢ volue ai the year end. Stock Stock 15 valued at the lower of cost and estimated selling price less costs to ¢ompleie and Sell. after due re for obsolete and slow moving swcks. Cost i5 detemiined ]% the fir51-in. firs¢OUt IFIFOI. Trxde debtors TTade debiors are amounts due from cusiomers for merchandise sold or services perfornjed in th¢ ordinary course of busine&s. Trddc debtors are recognised initialty at the transaction price. They are subsequently measured at amortised Cosi using the effective interest meiw, less provision for impainnent. A provision for the impainnent of trade debtor5 i5 e5tablish¢d when th¢re is objective ¢viden¢¢ thal the Charity will no¢ be able collect all amounts due according to the original ¢¢mis of the receivables. Cash 2nd equivlents Cash and cash equivalents comprise on hand and call deposits. and Oth short-terni highly liquid inve5tmeThts that arc readtly convertible a kTro aUnt of coth and are subject to an insignificani risk of ehange in valut. Tr4de creditors Trad¢ creditors are obligations to pay for good5 or seThi¢es have IKen acquired in the ordinary course of business from suppliers. Aceowits payable are classified as current liabilities if th¢ ehariLV does noi have a unconditional righL at the ertd of the reportin8 perio(( to defer sertiemeni of the Creditor foi at le&si twelve months after the rew)rting date. If th¢re is an uneonditional right to defer settlement for at least t1ve months after the reporting dale, they are presented as non<wr¢nt liabilities. Trade crcditors are rognised initially ai the trdnsKtioll pri¢e. BorrowRngs Int¢Test-be3ring TrOwing$ are initia]ty record¢d at fair value. net of transarknon costs. Interest-bearing borrowings are subsequently carried at amortised eosL with the difference between the proceeds, net of ansa¢iioii ¢0sts, and the amouni due on rempl10t) being recognised as a charge to the Statement of Financial Activities ov¢r the p¢riod of the relevant borrowin Interest expense LS reeo8njsed on the basi$ of the effeciive interest mcth¢xl and is included in intere51 payable and similar chaTg¢s. Borrowings are cl&ssified &$ Curre liabililies Unle the Chariry an unconditional right io defer settlement of the liability for at lea twelve month5 aft¢r th¢ reporting de. Pagc 14
Royal Society for the Preventioll of Cruelty to Animals Nottingham and Notts Branch Notes to the Financi#l Statements for the Year Ended 31 December 2024 (eontinued) Fund $¢ru¢¢yr¢ Unrestricted income fund5 are generaj that are available for use ai the treS dire110 in fvrth¢rdnce of the objective5 of the Charity. Designated fvnds ar¢ unrestric*d furmls set aside for SrifiC purposes * the discretion of the trustges. Pensions And otheT l)OSt retirtmttht obligations The Charity operates a defined contribution pensiott scheme which i$ a pcnsioTh plan under which fixed eonlributions arc paid In a pensiotl fvnd and the Charity has no legal or ¢onstnJ¢tive obligation to pay further eonlribuiions evcn if th¢ fur)d does ]K)Id 5uffi¢i¢ni a55ets to pay employees the benefir5 relathng to employ¢e s¢tvi¢¢ in the currcni arbd prior period$. Coniribuiions defined contribution Plts are recognised in th¢ Swement of Financial Aciiviiies when th¢y are due. If ¢ortiribution payments ¢xcttd the contribution due for servi¢e. the excc5s is reCols¢d as a Prepoyment. FlnAntiAI instruments Cl4isifjc'4ilon rinancial assets aThd finan¢ial li4biliti¢s or¢ re¢wised when the Charity bKome$ a party to the contyactu pro¥15ions of the in51rumeni. Financial liabililies and equiry instruments are classified xo)rdin8 w ihc substhnee of the contr•¢tual atTan8emenls cnlercd into. An equity instrum¢nt is any contraa evid¢nc¢5 a residual intere$1 in ihe assets of Ihe Charity aft¢T deductin8 111 of its liabiliiies. Ritogmlilon measuremeni All financial Assets And liabiliii¢5 are inititlly measured ai transaction pri¢e {in¢ludin8 transaction cosisl, excepi for ihose flnancial assets ¢lwifJed &$ fair value ihrough profit or loss. which initially mellred al fair valu¢ Iwhi¢h is nonnally the transa¢lion price excludin8 transaciion ¢ostsl. unless the afftngemeni ¢onsiitute5 a rLnancin8 transaction. If an arrang¢menl constilutcs a financin8 tr2n$aciion. thc fin¢]&] assei or fjnancial liability is rneasured ai the present value of the fuDJre paymenLS discounied at a maTk¢i raie of inicrcsl for similar debt insirnmeni. Finon¢tal as%ts and liabilities ar¢ only offset in the 51atcmeni of financial pjsition when. and only wh¢n there exists a legally eDforceable ri8hi io set off ihe rew8nised amounts and the Chariry intends either io settle on a net basis, or to realise ihe asset and settle the liability simulianeously. Finan¢iwl &ssets are derecognis¢d wh¢n and only when •} the contr•¢knl rights w the cash flows from ihe financial asset expl or are settled. b} thc Charity trmsfers to another party $ubstsniially all of the ri5k$ And rewards of ow)¢r5hip of the financial a5s¢L or ¢1 the Charity. despltc having retained some. but noi all, Sl8nifJcant risk5 and Tewgrd$ of owTrer5hip, tr)Sferred ¢ontrol of the asset to another party. Financial liabilities are derewgnised only when the obliwion specifi itt the contraa is di5char8ed. cancelled or expire5. Pa8c IS
Royal Society for the Prevention of Cruelty to Animals Nottingham Notts Branch Not¢S to the Financial Statements for the Year Ended 31 De¢ember 2024 {continued) Inveslments Inv¢s¢m¢nts in noTrconvertible prefer¢e share5 and Th)n-punable ordinary or prcfcren¢e shares (where ShtS are publi¢ly iraded or their fair value is reli4bly me&surdblel are mea5ur¢d at fair value ihrough profit or loss. Where fair value ¢annot be measured rtliably. inv¢sDnents arc rn¢Ured ai cost less impairm¢nL Investments subsidiaries and associates are me&sured at cost less impaim)eThi. For invcstments in subsidiarhes acquir¢d for ¢onsideriOn including the issue of shares qu31ifyin8 for merger r¢li¢f. cost is measured by ref¢renc¢ to the nominal value of the shares issued plus fair valu¢ of other considerotion. Any premium is i8nor¢d. Falr value meoJurement The best evidence of fair value is a quoted price for gn ideThtical asset in an active market. When quoied pri¢e5 4r¢ unavailable. the price of a r¢¢¢Di transaction for an identical asset provides evidence of fair valuc as long as there has not been a $i8nifi¢ani ¢han8e in economi¢ ¢ircwnstance5 or * significant lapse of time since lh¢ ITa¢J$a¢iion l(KJk place. If the markd is nol active and rtceni ¢ransa¢iions of an identical ass¢t on their OWA are )1 a good estimate of fair value. the fair value is e5tim&d by using a Val119 tc¢hnique. Page 16
Royal So¢i¢ty for the Prevention of Cruelty to Animals Nottingham and Iyolts Branch Notes to the Financial Stgtements for the Year Ended 31 December 2024 (CODtinued) 2 Income from donxtions #nd legac5es Unrestricted Restricted fund5 Toial 2024 G¢Derl Donations and le83cie5: Dondlions from individuals Le8acie5 30,297 48.554 11.2 41.587 48,554 78.851 11,290 90,141 Unrestricted runds Rt5tricted funds Toil 2023 Donations and legacies.. Donation5 from individuDIs Legacies 23.094 191.817 30.118 191.817 214.91 30.118 245,029 3 Income from other trading #etlvliles Unru¢rf¢t¢d futhd$ Gtntrl TotAI 2024 Ttading income; Shop incomc from sale of donad Bords and 5¢rvices Sale5 of goods services Oiher tradin¥ incorn¢ Membership 5ub5¢fipiions 80.590 1.695 86 487 80,590 1,695 86 487 82.858 82.858 Llnrestricted funds Gtnerll Total 2023 Trading income" Shop income from sale of don8t¢d gwds and serviccs Salc5 of goods and seryi¢es Other trading in¢om¢ Metnbcrship subs¢riptions 50,666 640 141 373 50,666 IAO 141 373 51.820 51,820 Page 17
Royal So¢iety for the Prevention of Cruelty to AnimaLs Nottingham 2nd Notts Branch Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 4 InvestsnÈttt ititome Unrestricted funds G¢nerxl Total 2024 Interest receivable and 5Lmilar income- Interest TCivable ort bank derK)sits Other inve5tmeTht income 3,773 26,554 3.773 26,554 30.327 30,327 Uttrtstricted Totsl 2023 General Int¢rc5t r¢c¢ivable and similar income- Interest receivable on bank dep)sits Other invc5tment income 4,842 24,190 4,842 24,190 29,032 29,032 S Expenditvre OD raising tlld5 *) lllvestment management Costs Unr¢stri¢t¢d fwids General To¢#1 2024 Total 2023 Note Other investment Matgement ¢OSts; Other portfolio mana8ement costs 8,419 ,419 8.645 8,419 8,419 8.645 Pa8e 18
Royal Society for the Prevention of Cruelty to Animab Nottingham and Notts Branch Notes to the Financial Sta¢ements for the Year Ended 31 December 2024 (continued) 6 Expenditur¢ OD ¢baritgble aetivities Unrestrlded funds Designttd Re51rid¢d fun(L Total 2024 StatT costs Depreciation Animal welf¢ and treaiments Esiablishment costs General costs Oiher direci ¢05ts 83,343 3.891 145.214 16.533 9.677 6,849 83.343 3,891 156.504 16.533 9.677 6,849 11.290 265.507 11,290 276.797 UDr¢siricted furAds G¢ntr*l Rdtrleied tsds Totxl 2023 StAff Costs DePclaI10 Animal w¢Ife and tr¢atments Esi#blishmeni costs Gcneral ¢osis Oiher dir1 ¢05 70.504 1.568 105,836 15.569 9.265 860 70.504 1.568 135.9S4 15,569 9,265 860 30.118 203,602 233.720 Tot•1 exp¢nditvre on th4r1ble Aetlvltxes Activity undertAken directly A¢tivity support costs Tot#1 txp¢ndltllr¢ R¢¢¢p¢ion. boardin8 and care of 5tyays TotAI for 2023 276.797 147,766 424.563 233.720 118,798 352 518 Pa8¢ 19
Royal Society for the Prevention of Cruelty to Allima]s Nottingh¥m and Y4otts Branch Notes to ihe Financial Sts¢ements for the Year Ended 31 December 2024 (Continued) 7 AD•lysiJ of govenCe xnd support eo$ts Support colts illoettd to ehritable ctivities Premlse5 eO$ts DcludinE dtprtciatio Covern#n¢e Costs Admini51rn11011 cosls (hher supporl co$ls Total 2024 St•ff eosts Bsls ofillocliion Re¢epiion, t)arding and care of strays 10.437 96.952 10,126 21,905 18.783 158.203 Premise5 C0$15 including deprtthxtio Governn¢e tosts AdrniniJ¢rn¢ioD ¢o$t$ O¢htr support cw¢J Tot1 2023 S¢gff Costs $1$ of 4llo¢atloD R¢¢eption. boardin8 aj care of sirays 21,292 74.007 10.166 17.404 17.221 140,090 Basis of allocgtio R¢ference Mdhod of illo¢¢i(*n Support e05ts arc th05c fun¢iion$ thai assi51 the wY)rk orth¢ charity bui th) noi directly urKl¢rthke charitable aciivities, Support eosis include back office Reception, Ix)arding costs. finan¢e. p¢rsonnel. payroll and govemance wsts Ithich 5UPWrt ihe trlS charitable activili¢5. Th¢s¢ costs have been allocaied beNveen thc cost of and ¢are of slrays dircct costs and support eosts on an individual basis, where overhead5 havc been in¢urr¢d which rclate io both di[ suPrt ¢os¢s and fixed method of apportionmcni h&$ bren used. Page 20
Royal Society for the Prevention of Cruelty lo Animals Nottingham and Notts Branch Notes to the FiDancial Statements for the Year Ended 31 De¢ember 2024 (eontinued) Governn¢t ¢osiJ Unrtstritted rund5 Gener41 To141 2024 lrtdependeni examineT fees EKaminaiion of the financial 51at¢rnents (hh¢r f¢es paid kn examiners Lc8al fees 3.150 5,088 1.599 3.150 5.688 1,599 10.437 10.437 Unrestricted runds Genergl Total 2023 Independenl ¢vminer fces F.xaminaiion of the financial swements Othcr fccs paid ex8miner5 Le8al fccs Allocated suppon ¢osts 3,000 6.167 12,065 60 3.0(4) 6.167 12.065 60 21,292 8 Nei IntomlnWoy¢goiDg ruourtes Net out80in8 resources for th¢ yew include.. 2024 2023 Dcpreciation of fixed assets 13,637 5.047 9 Trustees remuneralion ¥t)d expenses Yo ¢ru$tees, nor any persoThs conne¢d with th¢m. have rettived any remuneration from the Charity during the year. No irus1¢¢5 have received any reimbursed expenses or *ny other b¢nefLts from the charity durin8 the year. 8¢21
Royal Society for the PreveDtion of Cruelty to Animals Nottingham and Notts Branch Notes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) 10 Staff costs The a88re8ate Pa[1 costs We as follows: 2024 2023 Staff eosts during the yt#r were: Wages and salaries Social security costs Pension costs 164,731 10.640 4.924 132,990 7.448 4,073 180,295 144.511 Th¢ monthly average nurnber of persons (including senior management I leadership team) employ¢d by the Charity during the year expressed as full tjme equi%'alents w&$ a5 folloHs.' 2024 No 2023 No Charitable activities Management and administration No employee r¢¢¢iv¢d ¢moluments of rn0 than £60,000 during the year Th¢ numb¢r of hours of time donated by 8encrdl Volunt¢¢ during the year is approxÈinately 1,988 hours {2023.. 2.148 hours). This has an approxime value of £22.74312023.. £21,888) the charity. 11 IndepeDdent tmIner'S r¢mun¢ratioD 2024 21123 Examination of the fthancial teM¢t 3,150 3,000 Other fees io ¢xmirt¢rs All other $er¥ices 5,688 6,167 12 Taxatio The Charity is a regtstered chariry and 15 therefore exemN from tsxation. Page 22
Royal Society for the Preventioll of Cruelty to AnimAls Nottingham and Notts Branch Notes to the FinaneiAI Statements for the Year Ended 31 December 2024 (Continued) 13 Tingible fixed uet$ L4nd XDd buildlttg$ Furniturt #Ad equipment Moior vehiclei Total C05t At l January 2024 Additions 284.101 29.945 804 23.221 337.267 804 At 31 December 2024 284,101 30.749 23,221 338.071 Depreeliilon Ai l January 2024 Char¥t for the year At 31 December 2024 8,2n 5.227 29.176 667 37.448 13.637 7.743 13.499 29,843 7.743 51,085 Nei botsk vly¢ At 31 Deccmber 2024 270.602 906 15.478 286,986 Ai 31 D¢cembeT 2023 275,829 769 23,221 299.819 14 Fixed a5Srt inVeStmetsts 2024 2023 Other inv¢$imenis 728,653 784 962 Page 23
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Notes to the Financial Statements for the Year Ended 31 December 2024 (contlDued) Other invutments IAsted Unlisted ittvtstments Tot¥l C05t or V4lu*ti&n At l January 2024 Revaluation Additions Disposals 739.959 (19,091) 250.471 (290,220) 45,003 784,962 (19,091) 253,002 (290,220) 2,531 At 31 tk¢¢mber 2024 681.119 47,534 728,653 Net book value At 31 December 2024 681.119 47,534 728.65i At 31 tk¢¢rnber 2023 739.959 45,003 784,962 IS Stotk 2024 2023 stks 232 1.030 16 DebtOTS 2024 2023 Prepayments A¢¢rued income Other debtors 14,228 2,885 107 12,902 5,135 33 17,220 18.07Q 17 Cash aDd cash equivaltnts 2024 2023 Cash on hand Cash at bank Shon-tenn deposits 218 64.432 87,975 220 108,252 170,000 152.625 278,472 Page 24
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Notes lo the Financial Statements for tbe Y¢ar Ended 31 De¢ember 2024 (continued) 18 Creditors: arnounts t8lllnt dt wlihln ont ye•r 21124 2023 Trad¢ ¢reditors O¢her iaxaiiot) and social s¢curity VA T Account OtheT creditors Accrua15 9,039 3.462 4.637 2,501 {2541 743 4.770 879 7.198 20.578 12,397 19 Oblle•tion$ under l¢AJ¢s nd hlre purchse cortlN¢IS Optrgting le95e rommitTheTrls Total future minimum lease payments under nor¢8¢¢114b1t operalin8 leases tre as follows: 2024 2023 LAnd and bulldlngg Within one year Beiwe¢n one and five yews 9.51)0 3.167 9.500 12.667 12.667 22.167 Other Wiihin one y¢ar Between o¢)e and fiv¢ years 4.730 7,883 4,730 12.615 12,613 17.345 Lease paymen¢s r¢¢o8nised a5 an eXn$t dtsring the year wlled £14.231 (2023.. £14.754). 20 Pen$lon •nd otbtr schemes Defined contribution ptn$ion s¢heJDe The Charity op¢ral¢s a dellned wntribution pension scheme. The pcn5ion Cost charge for the year represents ¢oniributions p4yable by the Charity to the scheme and amounted to £4.924 {2023- £4,073). Page 25
Royal Society for the Prevention of Cruelty to Animab Nottingham and Notts Branch Note5 to the Financial Statements for the Year Ended 31 De¢ember 2024 (continued) 21 Balrt¢¢ #t 31 Decembtr 2024 Other r¢¢ogoised g•ittsl(losses) Ineomin¥ r¢sourceJ Re50urt exptnded 2024 Unrestri¢t¢d funds General 869.956 192,036 1432.128) 35,274 665.138 De$ignAt¢d 500,OIK 500.000 Total urtrestrieted funds 1.369,956 192.036 1432,1281 35.274 1.165,138 Restricted funds 11.2 {11.2901 TotAI furtds 1.369.956 203,326 443.418 35.274 1.165,138 BlAnce •t Balance •t I Other re¢o%ni5ed gain(10$%l Ineominl Resources expeoded D¢¢¢mber 2023 2023 Unrestrirted funds Genernl 887,223 295.763 1352,337) 39,307 869,956 Designated 500.0(M) 500,000 Totgl unrejlricted funds 1.387.223 295.763 1352.3371 39,307 1.369,956 Re$triet¢d funds 30.118 Tot•1 funds 1,387,223 325.881 382,455 39,307 1,369,956 The 5pecifi¢ pwposes for which th¢ fiulds tre be applied are 05 follows.. The d¢5i8nat¢d fund represents amowits set aside by the Trus$ for 5pxific future projects, which wniinue to be under review. Th¢ restricted funds represents donaiions received towards the ¢osi of $pAying. veterinary char8¢s. emergency boarding. and sick and injured atLimaJs. Donaiions are also made to local animal sheher5 Ln the fonn ofF*)ardin8 fees for taking in and ¢arinB of anima15 on behalf of th¢ Branch. Thcrc are no assets or liabililie5 rcpreseniing these fund5 at th¢ year end ¥ tratferS arc madc from unresthcied futmls to ¢tsv¢i the full c05t shown in ¢he Statement of Financial Adivities. Pa8e 26
Royal Society for the Prevention of Cruelty to Animals Nottingham and Notts Branch Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 22 Analy51$ of Det xssets betwttn funds Totsl fuDds at 31 December 2024 Unre5trieted Gtnergl Desigu8ted Tangible fixed assets Fix¢d asset iThve5ttnents CUenT assets CuTTent liabtlities 286.986 228,653 171J.077 120.578) 286,986 728,653 170,077 120,578) 500.0¢10 Total net assets 665,138 500.000 1,165.138 Total funds at 31 Dttemb¢r 2023 Llnrestrlcted funds Gtnernl Designated Tangible fixed assets Fixed asset investments Curreni assets CurTeni liabÉlities 299,819 284.962 297.572 (12.397) 299,819 784.962 297,572 112.3971 500.000 Total net assets 869.956 500.000 l.i69,956 23 ANxty$is of net funds At31 Ai l January 2024 Financi% e4sh nows December 2024 Cash at bank and in hand 278.472 (125,8471 152.625 Net d¢bt 278.472 125,847 152.625 Pa8c 27
Royal Society for the Prevention of Crnelty to Animals Nottillgbam and Notts Branch Not¢5 to the Financial Statements for the Year Ended 31 De¢ember 2024 {continued) 24 Related party tTan5aftions During th¢ year the Charity made the following related party ¢ransaCtiO.. RSPCA Head Otfite Within the year £23.948 (2023." £23,094} w&$ reccivd 1*•ng Head Office Contribwion and £Nil l(2023- £6161 related LO purchases for the branrh shop. At the balance 5httt date ihe amount due tolfrom RSPCA Head Office w•s £Nil12023 - £Nil). RSPCA Regional Contributiou The charity contributed £1.378 (2023: £6.064) to RSPCA regional funds. At the balance sheet date the amout)i due tolfrom RSPCA Regional Contribution wa8 £Nil (2023- £Nil). RSPCA Stgpeley Crange W'ildlif¢ C¢ntre and Cattery In the year the charity coThtributed £12.000 12023.. £Nill RSPCA Stapeley Grange Wildlife Cetfft and Cattery. At the balath¢¢ sheet date the amount due froM RSPCA Sthpeley Grange Wildlife Centre and Cattery Ivas £Nil (2023- £Nill. RSPCA Rad¢lifft Shelter In the year the ¢hariry contributed £60.334 {2023= £58.6541 loardS CODtinuin8 financial support. At the ba]ance sheet date the amouDt due tolfrorn RSPCA Radcliffe Shcltcr was £Nil12023- £Nill. RSPCA E&st Ivinch In the year th¢ charity contributed £35,O¢M>12023.. £Nil) wds replacing old indoor p[$. Al lh¢ balan¢¢ sheei date the amount due frorn RSPCA Eas¢ Winch w&s £Nil (2023- £Nil). RSPCA Derby Th¢ charity conlributcd £Nil12023'. £16.5() tovards new sumrnerhouse for enrichment homing. At the balance sheei d¢ the 8mouTht due lfrOM RSPCA Derby Wds £Nil12023- £Nill. Page 28