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2022-12-31-accounts

TR STEÈS;, RSPCA NORTH WILTSHIRE & NEWBURY DISTRICT Charity number: 268444

CONTENTS

Branch and Trustees informa�on..................................................................................... 3 Chairman and CEO Report................................................................................................... 4 Report of the Trustees........................................................................................................... 5 Statement of Trustee's responsibili�es....................................................................... 11 Independent Auditor's report to the members of RSPCA North Wiltshire & Newbury District Branch............................................... 12 Statement of financial ac�vi�es.................................................................................... 16 Balance Sheet As At 31 December 2022 ........................................................................... 17 Cash Flow Statement for Year End 31 December 2022 ........................................... 18 Notes to the financial statements.................................................................................. 19

2 RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

BRANCH AND TRUSTEES INFORMATION 2022

REFERENCE AND ADMINISTRATIVE DETAILS

The Royal Society For the Preven�on of Cruelty to Animals North Wiltshire & Newbury District Branch Unit 6 Clearwater Business Park, Blagrove, Swindon SN5 8YZ is registered with the Charity Commission under charity number 268444 and is governed by the rules and regula�ons laid down by the Royal Society for the Preven�on of Cruelty to Animals (RSPCA).

Trustees:

J Leigh Chairman

C Pike Secretary

A Murray Treasurer

C J Laurence

S Bangs (resigned October 22) M Bowyer E N Norton (resigned June 22)

CEO:

Richard Clowes

Principal Office:

Unit 6 Clearwater Business Park, Blagrove, Swindon SN5 8YZ

Auditor:

Milsted Langdon LLP

4 Queen Street, Bath, BA1 1HE

Solicitors:

Stone King

13 Queen Square , Bath, BA1 2HJ

HR Advice:

Acton Jennings LLP

The Old Co-opera�ve Building, 53 Wes:ield Road, Horbury, Wakefield, West Yorkshire, WF4 6HU

Bankers:

Lloyds Bank PLC

5 High Street, Swindon, SN1 3EN

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

MESSAGE FROM THE CHAIRMAN AND CEO

Welcome to our 2022 Annual Report in which we are pleased to share another year of income growth and how we con�nue to improve what we do and how we do it. Having successfully navigated the challenges presented by Covid we, along with everyone else are now facing the challenges presented by infla�on, spiralling upward costs and finding ourselves having to carefully navigate our way through some tricky financial �mes. With the cost of living rising by 10.7% in 2022, keeping income in step with rising costs con�nues to be our greatest challenge as we move forward.

In terms of overall performance in 2022, our stores traded well, returning the best sales performance to date, and we are pleased to report that our domes�c welfare ac�vity also increased greatly as we again increased the number of cats, dogs and rabbits that we assisted. Our wildlife intake was markedly down on previous years, almost en�rely owing to the ongoing prevalence of avian flu. Na�onal and local restric�ons meant that we were unable to accept any birds at all for some of the year and water birds for the en�rety of 2022. Some of that reduc�on in intake is owing to a more focussed redirec�on of animals, where we encourage the public to take injured animals directly to local veterinary prac�ces, speeding up pa�ent access to urgent medical assistance and reducing unnecessary suffering. We are also pleased to report that we began our first cat fostering and rehoming project which is gathering momentum.

As always we con�nue to strengthen and improve our opera�onal standards to ensure that they keep pace with our growth. In August we recruited a new Wildlife Centre Manager who brings with her an excep�onally strong set of management skills and con�nues to make significant improvements to the procedures and processes at the Wildlife Centre. Towards the end of 2022, we recruited a new Store Opera�ons Manager to grow and improve retail performance. She brings with her a wealth of retail opera�ons management experience and her posi�ve contribu�on, even in the last month of the year was notable.

What isn’t measured in the following pages is the largely posi�ve culture that we enjoy and share as a charity. Our staff and volunteers give huge amounts of commitment and support which all contributes to a strong undercurrent of posi�vity and goodwill that flows through the charity. We are fortunate and grateful that we are all elevated by such a cordial and produc�ve working environment.

We would also like to thank our army of donors, both individual and corporate, whose support is vital to the work we do. Our supporters donate in many ways whether that be financial or items to sell in the shops, or in many instances, �me. Whichever way they chose to support us, we thank them all most sincerely.

We hope you enjoy reading our report.

Janine Leigh Chairman

Richard Clowes CEO

24/06/2023

24/06/2023

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022

MISSION STATEMENT

The RSPCA as a charity will, by all lawful means, prevent cruelty, promote kindness to and alleviate suffering of all animals.

WHO WE ARE

RSPCA North Wiltshire & Newbury District is an unincorporated branch of the Na�onal RSPCA. We are governed by its rules but are a separate registered charity (reg. charity no, 268444). We were first registered in 1974 and since then have helped many thousands of animals.

OUR STRATEGY

To help prevent cruelty to animals we will con�nue to support the valuable work of the Na�onal Inspectorate by providing help and assistance wherever possible. We will also con�nue to work closely with various local authori�es and veterinary prac�ces. To promote kindness and alleviate suffering of all animals we will con�nue working on proac�ve campaigns based around responsible pet ownership and enhancing the rela�onships between humans and animals. To help achieve our objec�ves and ensure the con�nual viability of the charity we must ensure that we have robust finances. Expansion of our retail opera�ons, refinement of other revenue genera�on ac�vity and the prudent management of our expenditure are all key to securing our future successes.

WHAT WE DO

We are guided by the five fundamental animal needs;

Need for a suitable environment

Need for a suitable diet

Need to be able to exhibit normal paHerns of behaviour

Need to be housed with, or apart from other animals

Need to be protected from pain, suffering, injury and disease

For domes�c animals we do this through suppor�ng the local inspectorate and by providing services to improve the lives of companion animals in our area through subsidised veterinary care alongside a cat fostering and rehoming service. We also provide a comprehensive service for wild animals with the provision of a Wildlife Rescue Centre which admits and treats approximately 3,500 casual�es each year.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022

(CONTINUED)

WE SET OURSELVES SOME GOALS IN 2022, THIS IS HOW WE DID.

TO ENSURE A STRONG AND COHESIVE GOVERNANCE

As we expand, ensuring that we have an effec�ve and cohesive Board of Trustees is crucial. A variety of experience and opinions is valued and welcomed but not to the point of hindering effec�ve governance or preven�ng decisions from being made. We ac�vely managed Trustee applica�ons and recruitment in 2022 with this in mind.

An effec�ve working rela�onship between the Trustees and the CEO is vital for effec�ve governance. Regular mee�ngs of trustees, with a good flow of informa�on ensures that an excellent working rela�onship is maintained.

TO FURTHER DEVELOP AND INCREASE NEW REVENUE STREAMS

During 2022 we employed a Fundraiser to explore our opportuni�es for wider revenue genera�on. We now have a much clearer picture as to where we need to focus in order to grow most effec�vely. Improved levels of communica�on with our supporters will be a key feature of 2023. Legacies, grants, corporate engagement and individual giving will be key areas as we move forward. As our revenue genera�on from other sources grows and develops it is important that we do so on solid foo�ngs. We adhere to the fundraising code of prac�ce and are also registered with the Fundraising Regulator. This means that we are commiHed to legal, open, honest and respec:ul fundraising prac�ces. During the course of 2022 we received zero complaints about our fundraising prac�ces.

TO CONTINUE TO IMPROVE OUR DOMESTIC ANIMAL AND WILDLIFE ACTIVITIES

Our levels of assistance to domes�c animals rose considerably. In 2022 we provided assistance to 339 domes�c animals, up from 195 in 2021 and 151 in 2020.

We began our long an�cipated cat fostering and rehoming opera�on with a small but meaningful start of one fosterer and one cat. Our objec�ve for 2023 is to increase our numbers to eight fosterers.

We significantly improved the quality of care for our wildlife intake through beHer intake procedures and reducing the wai�ng �mes between admission and receiving veterinary treatment.

Another significant improvement was the introduc�on of a cloud based animal management system at the Wildlife Centre. The new system enables us to log and follow the progress of each pa�ent during its stay with us. Feeding, weight, medica�on are all recorded throughout the animals stay with us, helping the staff to make beHer and more informed decisions on treatment and release. The system is now being trialled in other local wildlife centres. This was a huge undertaking as it was necessary to create a bespoke system. The trustees would like to give a special thanks to the volunteer who undertook this project and without whose help this would not have been possible.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022 (CONTINUED)

TO SUPPORT THE NEEDS OF OUR STAFF AND VOLUNTEERS

Our staff turnover is reassuringly low whereas volunteers tend to be more ephemeral. We con�nue to support all our staff and volunteers with various training and educa�on programmes throughout their �me with us. Staff induc�ons have been improved with a much clearer and simpler set of objec�ves. Volunteer training programmes are ongoing and tailored to their specific area of the charity. We provide an Employee Assistance Programme for all staff and hold regular one to one mee�ngs. Improved safeguarding processes have been implemented to ensure a fair, accessible and suppor�ve working environment.

OUR GOALS FOR 2023

To maintain strong and cohesive governance

To further develop and increase our revenue streams

To con�nue to improve our domes�c and wildlife ac�vi�es

To support the needs of our staff and volunteers

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022 (CONTINUED)

Objec�ves and ac�vi�es

Public benefit

The trustees confirm that they have complied with the requirements of sec�on 17 of the Chari�es Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

The charity's funds are collected from shop sales, dona�ons, legacies, and collec�on boxes.

Total income for the year was £1,278,042 (2021: £1,088,904). Included in income was £50,121 (2021: £1,000) of legacy income and £374,952 (2021: £259,950) of dona�ons. Total expenditure for the year was £1,239,852 (2021: £842,433). The excess of income over expenditure for the year was £38,190 (2021: £246,471). The unrealised investment (losses)/gains for the year was (£66,840) (2021: £92,873) resul�ng in an overall deficit of (£28,650) (2021: £339,344).

The charity stores provide the main source of opera�onal income for the Branch. Income from the retail opera�on was £778,498 (2021: £474,748). Net surplus for the retail opera�on was £72,613 (2021: £6,744).

Policy on reserves

The Branch reserves policy is to retain nine to twelve months’ opera�ng expenditure in current bank accounts. All other funds are invested in moderate risk commercially available investment funds.

The unrestricted reserve balance as at 31 December 2022 was £955,453 (2021: £1,113,809) which includes the investment reserve as at 31 December 2022 of £178,573 (2021: £245,413). The free reserves as at 31 December 2022 being unrestricted reserves less fixed assets and investments were £21,378 (2021: £334,625). The restricted fund balance as at 31 December 2022 was £324,676 (2021: £194,970) relates to the assets and liabili�es transferred from The Oak and Furrows Wildlife Rescue Centre, with subsequent net income of £273,404 being donated in the year. The restricted assets and transferred from the merger with RSPCA Newbury & District Branch in 2020 was reduced to zero in the year 2022 (2021: £112,115). Net income of £Nil (2021: £39,200) relates to a £39,200 grant received from RSPCA regional board, with expenditure of £28,088 (2021: £11,112) spent in the year.

The trustees consider that there are no material uncertain�es about the charity RSPCA North Wiltshire’s ability to con�nue as a going concern. There are no material uncertain�es affec�ng the current year’s accounts.

Investment policy and objec�ves

The charity has an investment in CCLA COIF investment bond. The investment was revalued in the year making a net (loss)/gain of (£66,840) (2021: £92,873).

As an animal welfare charity the Branch requires some ethical considera�on of investments to ensure that the Branch does not support any en�ty that may condone or undertake any ac�vity which compromises animal welfare as to do so would conflict with the charity’s aims and would have reputa�onal consequences.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022

(CONTINUED)

An ethical screening process is therefore appropriate and the Branch CommiHee accept that the screening may reduce the growth in investments, although the selected investment pla:orm should aim to limit any restric�on to a minimum. The commiHee require confirma�on from the fund managers that every effort is made to ensure the ethical behaviour of companies in which they invest is appropriate.

Plans for future periods

Due to the increasing sales of new goods, a trading subsidiary has been set up to protect the charity's posi�on and minimise poten�al tax liabili�es on commercial opera�ons. The company RSPCA North Wiltshire and Newbury District Trading Limited was incorporated on 25 January 2023.

Structure, governance and management

Nature of governing document

RSPCA North Wiltshire and Newbury District is cons�tuted as an unincorporated associa�on and operates as an autonomous branch of the Na�onal RSPCA and is subject to its rules for branches as updated in 2016. The trustee body as a whole has been incorporated.

Recruitment and appointment of trustees

Trustees are all volunteers and met 8 �mes during 2022. There are currently 5 trustees serving.

Induc�on and training of trustees

New trustees' applica�ons are carefully considered to ensure a con�nuity of smooth governance and the range of skills available. Current skills on the board of trustees are, a lawyer, a veterinary surgeon, an HR manager and two working in corporate finance. New trustees are given a full day induc�on to the branch so as to give a good understanding of its opera�ons.

Arrangements for se�ng key management personnel remunera�on

The trustees consider that the board of trustees comprise the key management personnel of the charity in charge of the direc�ng and controlling the charity. All trustees give of their �me freely and no trustee remunera�on was paid in the year.

Details of trustee expenses and related party transac�ons are disclosed in the notes to the accounts. Trustees are required to disclose all relevant interests and register them and in accordance with the charity's policy withdraw from decisions where a conflict of interest arises. Where there is a conflict of interest a waiver will be obtained through the Regional Board.

The CEO reports to the trustees and is responsible for all opera�onal management, leading staff and volunteers, overseeing and enhancing the branch's aims and objec�ves in accordance with the strategic direc�on set by the Trustees.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

REPORT OF THE TRUSTEES FOR 2022

(CONTINUED)

The trustees consider the remunera�on of staff annually taking into account the Na�onal Living Wage and CPI in the light of the financial posi�on of the Branch.

Major risks and management of those risks

The Trustees regularly review and assess the risks the charity faces through mee�ngs of the trustees that cover opera�onal and financial reviews and regularly update the risk register. The risks to the charity include:

Disclosure of informa�on to auditor

Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit informa�on and to establish that the charity's auditor is aware of that informa�on. The trustees confirm that there is no relevant informa�on that they know of and of which they know the auditor is unaware. The annual report was approved by the trustees of the charity on 28 June 2023 and signed on its behalf by:

J Leigh Chairman and trustee

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accoun�ng Standards (United Kingdom Generally Accepted Accoun�ng Prac�ce) and applicable law and regula�ons.

The law applicable to chari�es 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 incoming resources and applica�on of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accoun�ng records that disclose with reasonable accuracy at any �me the financial posi�on of the charity and enable them to ensure that the financial statements comply with the Chari�es Act 2011, the Chari�es (Accounts and Reports) Regula�ons 2008, and the provisions of the cons�tu�on. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preven�on and detec�on of fraud and other irregulari�es.

The trustees are responsible for the maintenance and integrity of the charity and financial informa�on included on the charity’s website in accordance with legisla�on in the United Kingdom governing the prepara�on and dissemina�on of financial statements.

The trustees are responsible for the maintenance and integrity of the corporate and financial informa�on included on the charity’s website. Legisla�on governing the prepara�on and dissemina�on of financial statements may differ from legisla�on in other jurisdic�ons.

Approved by the trustees of the charity on 28 June 2023 and signed on its behalf by:

J Leigh Chairman and Trustee

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF RSPCA NORTH WILTSHIRE & NEWBURY BRANCH

Opinion

We have audited the financial statements of RSPCA North Wiltshire and Newbury District Branch (the 'charity') for the year ended 31 December 2022, which comprise the Statement of Financial Ac�vi�es, Balance Sheet, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accoun�ng policies. The financial repor�ng framework that has been applied in their prepara�on is United Kingdom Accoun�ng Standards, comprising Chari�es SORP - FRS 102 'The Financial Repor�ng Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accoun�ng Prac�ce).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with Interna�onal Standards on Audi�ng (UK) (ISAs (UK)) and applicable law. Our responsibili�es under those standards are further described in the auditor responsibili�es for the audit of the financial statements sec�on of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibili�es in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions rela�ng to going concern

In audi�ng the financial statements, we have concluded that the trustees use of the going concern basis of accoun�ng in the prepara�on of the financial statements is appropriate.

Based on the work we have performed, we have not iden�fied any material uncertain�es rela�ng to events or condi�ons that, individually or collec�vely, may cast significant doubt on the charity's ability to con�nue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibili�es and the responsibili�es of the trustees with respect to going concern are described in the relevant sec�ons of this report.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF RSPCA NORTH WILTSHIRE & NEWBURY BRANCH (CONTINUED)

Other informa�on

The trustees are responsible for the other informa�on. The other informa�on comprises the informa�on included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other informa�on and we do not express any form of assurance conclusion thereon.

In connec�on with our audit of the financial statements, our responsibility is to read the other informa�on and, in doing so, consider whether the other informa�on is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we iden�fy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other informa�on. If, based on the work we have performed, we conclude that there is a material misstatement of this other informa�on, we are required to report that fact.

We have nothing to report in this regard.

MaGers on which we are required to report by excep�on

We have nothing to report in respect of the following maHers where the Chari�es (Accounts and Report) Regula�ons 2008 requires us to report to you if, in our opinion:

Responsibili�es of trustees

As explained more fully in the Statement of Trustees' Responsibili�es (set out on page 11), the trustees are responsible for the prepara�on of the financial statements and for being sa�sfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the prepara�on of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to con�nue as a going concern, disclosing, as applicable, maHers related to going concern and using the going concern basis of accoun�ng unless the trustees either intend to liquidate the charity or to cease opera�ons, or have no realis�c alterna�ve but to do so.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF RSPCA NORTH WILTSHIRE & NEWBURY BRANCH (CONTINUED)

Auditor Responsibili�es for the audit of the financial statements

We have been appointed as auditor under sec�on 144 of the Chari�es Act 2011 and report in accordance with the Act and relevant regula�ons made or having effect thereunder.

Our objec�ves are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregulari�es, including fraud, are instances of non-compliance with laws and regula�ons. We design procedures in line with our responsibili�es, outlined above, to detect material misstatements in respect of irregulari�es, including fraud.

In iden�fying and assessing risks of material misstatement in respect of irregulari�es, including fraud, the audit engagement team:

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the en�ty’s opera�ons are conducted in accordance with the provisions of laws and regula�ons and for the preven�on and detec�on of fraud.

A further descrip�on of our responsibili�es is available on the Financial Repor�ng Council’s website at: www.frc.org.uk/auditorsresponsibili�es. This descrip�on forms part of our auditor’s report.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF RSPCA NORTH WILTSHIRE & NEWBURY BRANCH (CONTINUED)

Use of our report

This report is made solely to the charity trustees, as a body, in accordance with Part 4 of the Chari�es (Accounts and Reports) Regula�ons 2008. Our audit work has been undertaken so that we might state to the trustees those maHers we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permiHed by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Milsted Langdon LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under sec�on 1212 of the Companies Act 2006.

Milsted Langdon LLP, Statutory Auditor 4 Queen Street Bath BA1 1HE Date: 17 July 2023

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
Note
£
£
£
£
Income and Endowments from:
Dona�ons and legacies
2		 161,539
263,534
425,073
260,950
Charitable ac�vi�es
3		 10,961
-
10,961
-
Other trading ac�vi�es
4		 778,498
8
778,506
474,748
Other income
5		 4,503
7,952
12,455
58,689
Government grants
6		 -
51,047
51,047
134,118
Transfer from The RSPCA Newbury
and District Branch -
-
-
160,399
Total income
955,501
322,541
1,278,042
1,088,904
Expenditure on:
Raising funds
7		 (588,397)
(131,495)
(719,892)
(468,739)
Charitable ac�vi�es
8		 (458,620)
(61,340)
(519,960)
(373,694)
Total expenditure
(1,047,017)
(192,835)
(1,239,852)
(842,433)
Gains/losses on investment assets
14		 (66,840)
-
(66,840)
92,873
Net(expenditure)/income
(158,356)
129,706
(28,650)
339,344
Net movement in funds
(158,356)
129,706
(28,650)
339,344
Reconcilia�on of funds
Total funds brought forward
1,113,809
194,970
1,308,779
969,435
Total funds carried forward
21
955,453
324,676
1,280,129
1,308,779

All of the charity's ac�vi�es derive from con�nuing opera�ons during the above two periods.

The funds breakdown for 2021 is shown in note 21.

16

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

BALANCE SHEET AS AT 31 DECEMBER 2022

2022
2021		 2022
2021
Note
£
£
Fixed assets
Tangible assets
13		 224,449
199,969
Investments
14		 778,573
645,413
1,003,022
845,382
Current assets
Stocks
15		 6,143
5,225
Debtors
16		 179,279
109,210
Cash at bank and in hand
17		 167,719
399,312
353,141
513,747
Creditors: Amounts falling due within oneyear
18
(76,034)
(50,350)
Net current assets
277,107
463,397
Net assets
1,280,129
1,308,779
Funds of the charity:
Restricted income funds
Restricted funds 324,676
194,970
Unrestricted income funds
Unrestricted funds 776,880
868,396
Investment reserve 178,573
245,413
Total unrestricted funds
955,453
1,113,809
Total funds
21
1,280,129
1,308,779

The financial statements on pages 16 to 36 were approved by the trustees, and authorised for issue on 28 June 2023 and signed on their behalf by:

J Leigh Chairman and trustee

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

CASH FLOW STATEMENT FOR YEAR END 31 DECEMBER 2022

CASH FLOW STATEMENT FOR YEAR END 31
DECEMBER 2022		 CASH FLOW STATEMENT FOR YEAR END 31
DECEMBER 2022
2022
2021
Note
£
£
Cash fows from opera�ng ac�vi�es
Net cash (expenditure)/income
(28,650)
339,344
Adjustments to cash fows from non-cash items
Deprecia�on
9		 32,283
19,133
Loss on disposal of tangible fxed assets 135
-
Revalua�on of investments 66,840
(92,873)
70,608
265,604
Working capital adjustments
Increase in stocks
15		 (918)
(3,816)
Increase in debtors
16		 (70,069)
(34,881)
Increase in creditors
18		 25,684
28,682
Net cash fows from opera�ngac�vi�es
25,305
255,589
Cash fows from inves�ng ac�vi�es
Purchase of tangible fxed assets
13		 (56,898)
(31,599)
Purchase of investments
14		 (200,000)
-
Net cash fows from inves�ngac�vi�es
(256,898)
(31,599)
Net (decrease)/increase in cash and cash equivalents
(231,593)
223,990
Cash and cash equivalents at 1 January
399,312
175,322
Cash and cash equivalents at 31 December
167,719
399,312

All of the cash flows are derived from con�nuing opera�ons during the above two periods.

18

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accoun�ng policies

Statement of compliance

The financial statements have been prepared in accordance with the second edi�on of the Chari�es Statement of Recommended Prac�ce issued in October 2019, the Financial Repor�ng Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Chari�es Act 2011.

Basis of prepara�on

RSPCA North Wiltshire and Newbury District Branch meets the defini�on of a public benefit en�ty under FRS 102. The accounts (financial statements) have been prepared under the historical cost conven�on with items recognised at cost or transac�on value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertain�es about the charity's ability to con�nue as a going concern.

Income and endowments

Voluntary income including dona�ons, giTs, legacies and grants that provide core funding or are of a general nature is recognised when the charity has en�tlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Dona�ons and legacies

Dona�ons and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Gi#s in kind

GiTs in kind are recognised in different ways dependent on how they are used by the charity:

(i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised. (ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Ac�vi�es as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.

(iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them.

19

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Expenditure

All expenditure is recognised once there is a legal or construc�ve obliga�on to that expenditure, it is probable seHlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly aHributed to par�cular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of �me spent, and deprecia�on charges allocated on the por�on of the asset’s use. Other support costs are allocated based on the spread of staff costs.

All resources expended are inclusive of irrecoverable VAT.

Raising funds

These are costs incurred in aHrac�ng voluntary income, the management of investments and those incurred in trading ac�vi�es that raise funds.

Charitable ac�vi�es

Charitable expenditure comprises those costs incurred by the charity in the delivery of its ac�vi�es and services for its beneficiaries. It includes both costs that can be allocated directly to such ac�vi�es and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central func�ons and have been allocated to ac�vity cost categories on a basis consistent with the use of resources, for example, alloca�ng property costs by floor areas, or per capita, staff costs by the �me spent and other costs by their usage.

Governance costs

These include the costs aHributable to the charity’s compliance with cons�tu�onal and statutory requirements, including audit, strategic management and trustees mee�ngs and reimbursed expenses.

Government grants

Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

20

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Taxa�on

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the defini�on of a charitable company for UK corpora�on tax purposes. Accordingly, the charity is poten�ally exempt from taxa�on in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corpora�on Tax Act 2010 or Sec�on 256 of the Taxa�on of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets cos�ng £250.00 or more are ini�ally recorded at cost.

Deprecia�on and amor�sa�on

Deprecia�on is provided on tangible fixed assets so as to write off the cost or valua�on, less any es�mated residual value, over their expected useful economic life as follows:

Asset class Deprecia�on method and rate
Leasehold land and buildings over the life of the lease
Property improvements 25% straight line
Furniture and shop equipment 33% straight line or 25% reducing balance
Motor vehicles 25% reducing balance

Fixed asset investments

Investments are a form of basic financial instrument and are ini�ally recognised at their transac�on value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial ac�vi�es includes the net gains and losses arising on revalua�on and disposals throughout the year.

The charity does not acquire put op�ons, deriva�ves or other complex financial instruments.

The main form of financial risk faced by the charity is that of vola�lity in equity markets and investment markets due to wider economic condi�ons, the aUtude of investors to investment risk, and changes in sen�ment concerning equi�es and within par�cular sectors or sub sectors.

Stock

Stock is valued at the lower of cost and es�mated selling price less costs to complete and sell, aTer due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).

Goods donated by the general public to be sold in the shops operated by the charity are not included in the value of stock due to there being no prac�cal method of determining the value prior to sale.

21

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discre�on in furtherance of the objec�ves of the charity.

Designated funds are unrestricted funds set aside for specific purposes at the discre�on of the trustees. Restricted income funds are those donated for use in a par�cular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post re�rement obliga�ons

The charity operates a defined contribu�on pension scheme for employees. The assets of the scheme are held separately from those of the charity. Any annual contribu�ons are charged to the Statement of Financial Ac�vi�es.

Financial instruments

Recogni�on and measurement

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabili�es of the charity and their measurement basis are as follows;

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amor�sed cost. Prepayments are not financial instruments.

Financial liabili�es - trade creditors, accruals and other creditors are financial instruments, and are measured at amor�sed cost. Taxa�on and social security are not included in the financial instruments disclosure defini�on. Deferred income is not deemed to be a financial liability, as the cash seHlement has already taken place and there is an obliga�on to deliver services rather than cash or another financial instrument.

2 Income from dona�ons and legacies

2
Income from dona�ons and legac		 ies
Unrestricted funds
Restricted
Total
Total
General
funds
2022
2021
£
£
£
£
Dona�ons and legacies;
Dona�ons from The Oak and Furrows
Wildlife Rescue Centre 7,256
262,534
269,790
189,681
Dona�ons from individuals 104,162
1,000
105,162
70,269
Legacies 50,121
-
50,121
1,000
161,539
263,534
425,073
260,950

£161,539 (2021 - £53,846) of the income above was aHributable to unrestricted funds and £263,534 (2021 -

£207,104) aHributable to restricted funds.

22

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

3 Income from charitable ac�vi�es

3
Income from charitable ac�vi�es
Unrestricted funds
Total
Total
General
2022
2021
£
£
£
Boarding income 10,961
10,961
-

All of the income above was aHributable to unrestricted funds in 2022.

4 Income from other trading ac�vi�es

Unrestricted funds
Restricted
Total
Total
General
funds
funds
2021
£
£
£
£
Trading income;
Shop income 729,575
-
729,575
457,946
GiT aid receivable 48,923
8
48,931
16,802
778,498
8
778,506
474,748

£778,498 (2021 - £474,313) of the income above was aHributable to unrestricted funds and £8 (2021 - £435) aHributable to restricted funds.

5 Other income

5
Other income
Unrestricted funds
Restricted
Total
Total
General
funds
2022
2021
£
£
£
£
Fundraising events 2,960
452
3,412
3,127
Other grants 1,500
7,500
9,000
41,200
Other income 43
-
43
14,362
4,503
7,952
12,455
58,689

£4,503 (2021 - £15,848) of the income above was aHributable to unrestricted funds and £7,952 (2021 - £42,841) aHributable to restricted funds.

23

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

6 Government grants

6
Government grants
Unrestricted
funds
Restricted
funds
Total
2022
Total
2021
£
£
£
£
Kickstart Grant Scheme -
51,047
51,047
-
Coronavirus business support
grants -
-
-
27,917
CJRS furlough claims -
-
-
106,201
-
51,047
51,047
134,118

£Nil (2021: £134,118) of the income above was aHributable to unrestricted funds and £51,047 (2020: £Nil) aHributable to restricted funds.

a) Costs of trading ac�vi�es

Unrestricted funds
Restricted
Total
Total		 Unrestricted funds
Restricted
Total
Total
General
funds
2022
2021
Note
£
£
£
£
Individual shop costs 282,438
82,385
364,823
244,593
Purchases 6
-
6
185
Professional fees 14,001
-
14,001
550
Staf Costs 291,952
49,110
341,062
223,411
588,397
131,495
719,892
468,739

£588,397 (2021 - £422,906) of the income above was aHributable to unrestricted funds and £131,495 (2021 - £45,833) aHributable to restricted funds.

8 Expenditure on charitable ac�vi�es

8
Expenditure on charitable ac�vi�es		 8
Expenditure on charitable ac�vi�es
Unrestricted funds
Restricted
Total
Total
Designated
General
funds
2022
2021
Note
£
£
£
£
£
Veterinary fees -
33,297
1,361
34,658
28,460
Direct costs -
7,112
1,282
8,394
6,437
Staf costs -
256,064
30,605
286,669
212,196
Allocated support costs
9		 7,276
137,691
27,892
172,859
116,465
Governance costs
9		 -
17,180
200
17,380
10,136
7,276
451,344
61,340
519,960
373,694

24

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

£458,620 (2021 - £153,940) of the expenditure above was aHributable to unrestricted funds and £61,340 (2021 - £219,754) aHributable to restricted funds.

9 Analysis of governance and support costs

Charitable ac�vi�es expenditure

Charitable ac�vi�es expenditure Charitable ac�vi�es expenditure
Unrestricted funds
Restricted
Total
Total
Designated
General
funds
2022
2021
£
£
£
£
£
Staf training, welfare & entertaining
-
1,969
2,773
4,742
597
Bookkeeping, legal & professional fees
-
17,665
50
17,715
10,036
Contribu�on to branch
-
551
-
551
1,551
Establishment costs
-
40,497
5,167
45,664
17,703
Insurance
-
1,001
-
1,001
883
Deprecia�on
7,276
15,616
9,391
32,283
19,133
Loss on disposal of tangible fxed assets
-
135
-
135
-
Travel and subsistence -
9,817
-
9,817
8,420
Motor Expenses -
4,186
1,862
6,048
6,718
Prin�ng, postage and sta�onery -
8,437
807
9,244
11,213
Repairs -
5,313
3,654
8,967
15,651
Adver�sing and marke�ng -
10,304
10
10,314
6,435
Bank fees and other charges -
8,662
137
8,799
3,119
General expenses -
4,684
485
5,169
2,456
Cleaning -
8,854
3,556
12,410
12,550
7,276
137,691
27,892
172,859
116,465

25

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Governance costs

Governance costs
Unrestricted
funds
Restricted
Total
Total
General
funds
2022
2021
£
£
£
£
Audit fees
Audit of the fnancial statements 11,268
-
11,268
6,175
Other fees paid to auditors 3,600
-
3,600
2,000
Legal fees 2,312
200
2,512
461
Allocated support costs -
-
-
1,500
17,180
200
17,380
10,136

10 Net incoming/outgoing resources

Net incoming resources for the year include:

2022 2021
£ £
Opera�ng leases - other assets 177,317 132,430
Audit fees 11,268 6,175
Other non-audit services 3,600 2,000
Loss on disposal of tangible fxed assets 135 -
Deprecia�on of fxed assets 32,283 19,133

11 Trustees remunera�on and expenses

No trustees, nor any persons connected with them, have received any remunera�on from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

26

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

12

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2022
2021
£
£
Staf costs during the year were:
Wages and salaries 585,374
408,664
Social security costs 35,442
22,568
Pension costs 6,915
4,375
627,731
435,607

The number of persons (including senior management / leadership team) employed by the charity during the year expressed as a head count was as follows:

expressed as a head count was as follows:
2022
2021
No
No
Management and admin 3
3
Retail 22
14
Logis�cs 3
3
Wildlife centre 11
8
39
28

During the year, the charity made redundancy and/or termina�on payments which totalled £Nil (2021 - £Nil).

No employee received emoluments of more than £60,000 during the year

The total employee benefits of the key management personnel of the charity were £115,526 (2021 - £111,755).

27

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

13
Tangible fxed assets
Land and
Furniture and
buildings
equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2022 260,309
57,283
37,790
355,382
Addi�ons 6,248
34,585
16,065
56,898
Disposals -
-
(8,315)
(8,315)
At 31 December 2022
266,557
91,868
45,540
403,965
Deprecia�on
At 1 January 2022 76,288
51,121
28,004
155,413
Charge for the year 12,944
12,909
6,430
32,283
Eliminated on disposals -
-
(8,180)
(8,180)
At 31 December 2022
89,232
64,030
26,254
179,516
Net book value
At 31 December 2022
177,325
27,838
19,286
224,449
At 31 December 2021
184,021
6,162
9,786
199,969

Included within the net book value of land and buildings above is £Nil (2021 - £Nil) in respect of freehold land and buildings and £177,325 (2021 - £184,021) in respect of leaseholds.

28

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

14
Fixed asset investments
2022
2021
£
£
Other investments 778,573
645,413
Other investments
Listed
investments
Total
£
£
Cost or Valua�on
At 1 January 2022 645,413
645,413
Revalua�on (66,840)
(66,840)
Addi�ons 200,000
200,000
At 31 December 2022
778,573
778,573
Net book value
At 31 December 2022
778,573
778,573
At 31 December 2021
645,413
645,413

All investments are held in a COIF investment bond. The investment bond has been included in the accounts at fair value. The historical cost as at 31 December 2022 was £600,000 (2021: £400,000).

15
Stock
2022
2021
£
£
Stocks 6,143
5,225
16
Debtors
2022
2021
£
£
Prepayments 53,645
29,553
Accrued income 96,055
50,105
VAT recoverable 18,186
14,469
Other debtors 11,393
15,083
179,279
109,210

29

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

(CONTINUED)
17
Cash and cash equivalents
2022 2021
£ £
Cash on hand 55 55
Cash at bank 167,664 399,257
167,719 399,312
18
Creditors: amounts falling due within one year
2022 2021
£ £
Trade creditors 22,576 21,632
Other taxa�on and social security 11,611 7,788
Other creditors 25,084 1,274
Accruals 16,763 19,656
76,034 50,350

19 Obliga�ons under leases and hire purchase contracts

Opera�ng lease commitments

Total future minimum lease payments under non-cancellable opera�ng leases are as follows:

2022
2021
£
£
Land and buildings
Within one year 223,577
183,125
Between one and fve years 673,195
596,500
ATer fveyears 184,823
199,125
1,081,595
978,750

Each shop lease has a break clause as part of the agreement with the landlord. If the charity chose to ini�alise the break clauses currently in place, the total future minimum lease payments at 31 December 2022 would be £291,042 (2021: £338,583).

20 Con�ngent assets

The charity has been no�fied of a legacy during the year of which £47,620 has been recognised in these accounts. The charity is expec�ng to receive further income, however due to the will being contested the charity is unable to quan�fy the amount due.

30

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

21
Funds
Other
Balance at 1 Incoming Resources recognised Balance at 31
January 2022 resources expended Transfers gains/(losses) December 2022
£ £ £ £ £ £
Unrestricted funds
General
Unrestricted fund 232,372 955,501 (1,039,741) 119,432 - 267,564
Transfer from The Oak and Furrows Wildlife Rescue
Centre 9,316 - - - - 9,316
241,688 955,501 (1,039,741) 119,432 - 276,880
Designated
The Oak and Furrows Wildlife Rescue Centre -
Wildlife centre 126,708 - (7,276) (119,432) - -
CaHery 500,000 - - - - 500,000
626,708 - (7,276) (119,432) - 500,000
Other
Investment Reserve 245,413 - - - (66,840) 178,573
245,413 - - - (66,840) 178,573
Total unrestricted funds 1,113,809 955,501 (1,047,017) - (66,840) 955,453
Restricted funds
The Oak and Furrows Wildlife Rescue Centre - Motor
vehicle 12,506 - (1,548) - - 10,958

31

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Balance at 1
Incoming
Resources
Other
recognised
Balance at 31
January 2022
resources
expended
Transfers
gains/(losses)
December 2022
£
£
£
£
£
£
The Oak and Furrows Wildlife Rescue Centre -
Wildlife centre 33,262
-
(1,947)
-
-
31,315
Transfer from RSPCA Newbury District Branch 112,115
8
(112,123)
-
-
-
The Oak and Furrows Wildlife Rescue Centre 8,999
322,533
(49,129)
-
-
282,403
RSPCA Regional Board Grant for Wildlife Centre 28,088
-
(28,088)
-
-
-
Total restricted funds
194,970
322,541
(192,835)
-
-
324,676
Total funds
1,308,779
1,278,042
(1,239,852)
-
(66,840)
1,280,129

32

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Other
Balance at 1 Incoming Resources recognised Balance at 31
January 2021 resources expended Transfers gains/(losses) December 2021
£ £ £ £ £ £
Unrestricted funds
General
Unrestricted fund 623,846 678,125 (569,599) (500,000) - 232,372
Transfer from The Oak and Furrows Wildlife Rescue Centre 9,316 - - - - 9,316
633,162 678,125 (569,599) (500,000) - 241,688
Designated
The Oak and Furrows Wildlife Rescue Centre - Wildlife centre 133,955 - (7,247) - - 126,708
CaHery - - - 500,000 - 500,000
133,955 - (7,247) 500,000 - 626,708
Other
Investment Reserve 152,540 - - - 92,873 245,413
152,540 - - - 92,873 245,413
Total unrestricted funds 919,657 678,125 (576,846) - 92,873 1,113,809
Restricted
The Oak and Furrows Wildlife Rescue Centre - Motor vehicle 14,569 - (2,063) - - 12,506
The Oak and Furrows Wildlife Rescue Centre - Wildlife centre 35,209 - (1,947) - - 33,262
Transfer from RSPCA Newbury District Branch - 160,399 (48,284) - - 112,115

33

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

ENDED 31 DECEMBE R 2022 (CONTINUED)
Balance at 1
Incoming
Resources
Other
recognised
Balance at 31
January 2021
resources
expended
Transfers
gains/(losses)
December 2021
£
£
£
£
£
£
The Oak and Furrows Wildlife Rescue Centre -
211,180
(202,181)
-
-
8,999
RSPCA Regional Board Grant for Wildlife Centre -
39,200
(11,112)
-
-
28,088
Total restricted funds
49,778
410,779
(265,587)
-
-
194,970
Total funds
969,435
1,088,904
(842,433)
-
92,873
1,308,779

The specific purposes for which the funds are to be applied are as follows:

The unrestricted funds are available to be used at the trustees discre�on to further the objects of the charity.

Designated funds include unrestricted funds donated by The Oak and Furrows Wildlife Rescue Centre on transfer to RSPCA North Wiltshire and Newbury branch. The funds were ringfenced by the trustees for the purpose of building the Wildlife Centre. During the year the trustees have decided to transfer the fund balance to unrestricted reserves. The trustees have also ringfenced £500,000 for the purpose of running the CaHery. This remains unspent as at 31 December 2022.

Restricted funds include those donated by The Oak and Furrows Wildlife Rescue Centre on transfer to RSPCA North Wiltshire and Newbury branch. The funds represent the net book value of assets purchased from restricted income. Deprecia�on on these assets is wriHen off annually against the restricted fund. Restricted income of £322,533 was received from The Oak and Furrows Wildlife Rescue Centre in the form of dona�ons and legacies, with £49,129 of expenditure. The RSPCA Regional Board grant brought forward balance for the purpose of the Wildlife Centre has been spent in the year. Restricted funds donated by The RSCPA Newbury and District Branch on transfer to RSPCA North Wiltshire and Newbury branch have now been spent. These funds have been treated as restricted per the RSPCA Rules in rela�on to the transfer of one branch into another.

The investment reserve relates to the unrealised gain on long term investments aTer comparing the year end values to the original cost.

34

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

22 Analysis of net assets between funds

Total funds at 31
Unrestricted funds Restricted December
General Designated Other funds 2022
£ £ £ £ £
Tangible fxed assets 35,980 119,522 - 68,947 224,449
Fixed asset investments 200,000 400,000 178,573 - 778,573
Current assets 97,412 - - 255,729 353,141
Current liabili�es (56,512) (19,522) - - (76,034)
Total net assets 276,880 500,000 178,573 324,676 1,280,129
Total funds at 31
Unrestricted funds Restricted December
General Designated Other funds 2021
£ £ £ £ £
Tangible fxed assets 7,063 126,708 - 66,198 199,969
Fixed asset investments - 400,000 245,413 - 645,413
Current assets 284,975 100,000 - 128,772 513,747
Current liabili�es (50,350) - - - (50,350)
Total net assets 241,688 626,708 245,413 194,970 1,308,779

23 Related party transac�ons

RSPCA North Wiltshire and Newbury District advanced The Oak and Furrows Wildlife Rescue Centre £nil (2021: £nil). The Oak and Furrows became part of RSPCA North Wiltshire and Newbury District from 1 April 2020. At the end of the year the amount owed from The Oak and Furrows Wildlife Rescue Centre was £nil (2021: £nil).

RSPCA North Wiltshire and Newbury District paid a profit share of £1,982 (2021: £137) rela�ng to the Warminster shop to RSPCA Mid Wiltshire.

RSPCA North Wiltshire and Newbury District paid a profit share of £2,139 (2021: £1,318) rela�ng to shop profits to RSPCA Oxfordshire.

During the year the charity paid £737 (2021: £2,176) of expenses to S Forrest, a trustee of The Oak and Furrows Wildlife Rescue Centre. The expenses were reimbursed for vehicle expenses and animal feed.

35

RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

24 Post balance sheet events

On 25 January 2023, a trading subsidiary of RSPCA North Wiltshire and Newbury Branch was incorporated at Companies House.

The charity has received legacy income of £22,666 aTer the year end.

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RSPCA North Wiltshire & Newbury District Charity number: 268444 Accounts for the year ended 31 December 2022