TRUSTEES REPOR ACCOUNTS 2023 1 RSPCA North Wiltshire and Newbury District Branch Charity nu itsJ:_ *",:
Contents RefeTence and Administrative Details Trustees, Report 2108 staement of Trustees. Responsibilities Independent Auditors, Report 10t012 Consolidated Statement of Financial Activities 13 Consolidated Balan Sheet 14 Balance Sheet 15 Consolidated SLitemenl of Cash Flows 18 Statement of Cash Flows 17 Notes to the Finanal Statements 181035
Reference and Administrative Details Chalmian J Leigh Chief Executlve Officer R Ck)we5 Trustets J Leigh C J LaUnCe M Bovryer C Pike. Secretary A Murray, Treasurer 268444 Charity Registrntion Number Prlnclpal Office Unit 6 Clearwater Ind Est Blagrov8 Swindon SN5 8YZ Milsted Langdon LLP Chartered Accountants 4 Queen Street Bath BA1 1HE Audltor SolicitOFS Stone King 13 Queen Square Bath BA12HJ Bankers Lloyds Bank PIC 5 High Slieel Swindon SN1 3EN HR Provider Robinson Grace 28 Stone Ln Lydiard Millicent Swindon SN5 3LD Page 1
Trustees, Report The trustees present the annu81 report together with the financial slalemenls and auditors. report of the charrty for the year ended 31 December 2023. The RSPCA as a charity will, by all lawful means. prevent cNelty. promote kindnes5 to and alleviate suffering of all animals. RSPCA North WiFtshwe & Newbury District is an unincorporated Br8n¢h of the Nationd RSPCA. We are gov¢rned by ils njles but are a separate registered charity {reg. charity no, 2684441. We were first reg1$ter1 in 1974 and sinoe then have helped many thousands of animals. iv ttles We align our objectlves wlth thè Natlonal Soclety's Five Priorltles. Rescue and care for animals in need . Change attitudes. behavK)urs and laws Inspire kindness and compassion lo animals . Grow support and irorne . Strive for ex[lence in all that we do The trustees ¢onfitm that they have complied with the reqLFirements of section 17 of the Charilies Act 2011 to have due regard lo the public benefit guidance published by the Charty Commission for England and Wales. We measure our public benefit perfomiance against ouf fwe priorilifys to en5uie that what we do i8 ¢onskqtent and broadly in line with those of the National Society. inn Last year we admitted 3,418 animals in our Wildlife Rescue Centre. Our Wildlife Centre provides a safo haven for injured, orphaned, and distressed wild animals. We offer medical care, rehabilltalion, and release programmes to ensure that these animals can relum lo their natural habitats whenever possible. Our dedicated team of staff and vdunteer5 works tirele8sty to provide the best possible care for a wde fange of wildlife species. We help people who are on beneffts wlh coslty vel bills. Recognizing that veterinary expenses can be a 51gnificanl burden for individuals on limited incomes, we offer means based financial assistance to ensure that pets receive the medical attention Ih6y need. Our program is designed lo alleviate the stress and worry that comes With unexpected veterinary costs, helping pet owneis lo provide necessary care for their beloved animals wrthout financial hardship. In 2023 we paid for 428 veterinary treatments of which 238 were for domestic animals. We have a cal fostering and rehoming programme. Our program aim8 to find toving homes for cats that need care and companionship. Vve provide tempoiary foster homes for cats until permanent adoption can be arranged. This initiative not onfy reduces the number of stray and abandoned cats but also ensures that they a placed in safe, nurturing environments where they can thrive. In 2023 we rehomed 8 cats through our fostering programme. Page 2
Trustees. Report We neuter l)oth stray and domestic animals. By offering neutering Servi$, we help control the population of stray and domestic animals, reducing the incidence of unwanted litters and the a5s0cialed problems. Our efforts contribute lo the well-being of animals and the community by preventing overpopulation and ils consequen¢e5, such as homelessness and neglect. In 2023 we neutered 53 animals. In late 2023 and earfy 2024 we also participated in an XL Bulty neutering scheme where we neutered 6 XL Bullies. We support the National Inspeclore wheFever posslble. We collaborate wlh the National Inspeclorale lo enhance animal welfare standards and ensure that animals are treated with the care and respect they deserve. Our Support includes providing valuable resources and financral support. We work closely with other Branches and wildlrfe rescue centres. Through collaboration and partnership, we share knowledge, resources, and best practices to improve the outcomes for wildlife in need. By working together with other rescue cenlres. we enhance our ability lo respond effectively lo wildlrfe ernergenCs and promote conservation effort5 on a broader scale. We reach approximalety 1.4 million people each year through our charity stores and Social media platforms. By Veraging these channels, we strive lo spread awareness and foster a deeper understanding of animal welfare issues. Our goal is lo inspirè and educate individuals to act in ways that benefit and respect all animals. Whether through infornialive posts. inleraclive campaigns, or in4rson conversations, we consistently aim lo motivate our audience to adopt Compassionate and responsible bghaviours towards animals. nd com to animals We inspire peoplo through educational materials distributed across our ten ¢harty stores, social media accounts, and monthly newsletters. This content is created to engage and molivale both parents and children, convewng a broader message about wildlife and the environment. By offering infornialive and captivating materials and aclivtties, we airn lo foster a deeper understanding and appreciation for the natural wortd, encouraging our audience to take posiiive actions to protect and preseNe r(. ncom8 We continue to grcw across both our charity stores and social media channels, as well as through our fundraising activities. This gro%h leads to increased commercial income slTeams, which are wlal for sustsining and expanding our operdtions. The improvements in these aaS help ensu th81 we can enhance our welfare and eduealKnal activities, enabling u$ lo reach more people and provide better support for animals. By leveraging our expanding presence and financial resources, we can invest in new initk?lives. improve existing programs, and make a greater impact in promoting animal welfare and environmental education. ellence In twedo As we expand, we endeavour lo achieve the best possible standards by focusing on several key areas to support this growth. We are enhancing our human resources practices to ensure our employees recewe the best possible support, training, and management, fostering a positive and productive work environment. Additionally, we are developing more effeclrve volunteer management and training programmes lo better utilize and support our dedicated volunteers. ensuring they are welkprepared and mobvaled. Refining our working Practices to increase efricieney and effe¢tveness across all operattons is also a priority. ensuring that our efforts are impactful and sustainable. Page 3
Trustees, Report Upgrading our IT and eommunicalions systems lo impTove connectivity, streamline processes. and enhance otjr ability lo communicate both internalty and extemally is another crucial area of focus. Lastly, we are eonlinuously refining our proce5se5 and procedu$ to ensure they are as effective and efficient as possible, supporting our mission and enabling us lo achieve our goals more successfulty. vi The chariws funds are mostly generalod collected from shop sales, donalK)ns, a¢le$, and other fundraising activities. Total income for the year was £1,198,61412022'. £1,278,042). Included in income was £29.06512022'. £50,121) of legacy income and £153,350 {2022.. £374,952) of don81ions. Total expendf(L¢re for the year was £1,377,561 12022.. £1.239,8521. The excess of expendfture over income for the year wa5 £178,947 12022'.£38,1901. The unrealised investment {lossesllgains for the year was £96.526 12022.. £{66,840}} resulting in an overall deficit of £82,42112022'. d&fKit £28.6501. The charity stores provide the main SOUTce of operational income foi the Branch. Income from the retail operations was £996,72812022.. £778,498). The less effective financial perf¢xmance this year, if nothing else, reinforces the need for a strong and predictable commercial operalvjn and an improved fundraising effort. wrth that in mind, we are pleas8J lo report that despite a poor year, driven by low legacy in¢ome, that our retail performanc6 was up 28Qh and our fundraising ine¢)me was also up 2000A versus the previous year. Looking forward, 2024 is showing a further and significant increase in predictable income 2nd bringing us ck)ser lo our piimary financial cA¥'e¢live of using only commercially generated income to pay lor oui operaional cost5. We are an employThent heavy operation and a large part of our increased costs has bèen driven by wage increases. Wages have r*sen, in line wrth the minimum wage increases, by circa 200h in two years. Looking forward to 2025 and beyond it is looking probable that inflation will ease and staff costs 11 flatten a little allowtng our incomo growth to tch up. Reserves serve a vital role in addrgssing potential financial gaps and unexpected expenses wf(hin our (xganization, including emergency repairs and upcoming capital prc¥ecls. By aiming for 9 to 12 months of expenditure coverage for the fomier we ensure operational slabilty and preparedness for unforeseen circumstances. We regularly assess our reseryes policy against industry benchmarks and Charity Commission guidance lo uphold the chaiity's best inle¥esls, taking into account intlats'onary pressures and emerging economic factors. The unreslrthd reserve balance as at 31 Decembèr 2023 was £1,053,877 (2022.. £955.4531 which includes the investment reserve as al 31 December 2023 of £248,068 12022." £178,573). The free reserves a5 at 31 December 2023 being unrestricted reseNes less fixed assets and investments were £45,632 {2022.. £21.378). The restricted fund balance as al 31 December 2023 was £143,831 (2022.. £324.6761 relates lo the assets and liabilities transferred from The Oak and Furrows Wifdlrfe Rescue Cenlre. The Iruslees consider that there are no material uncertainties about the charity RSPCA North Wittshire and Newbury Dislrlct Branch's ability lo continue as a going eoncern. There are no material uncert8inties affecting the current yearfs accounts. Page 4
Trustees. Report The charity has an investment in CCLA COIF investment bond. The investment was revalL¢ed in the year making a net gain of £96,52612022.. kjss of £66,840). As an animal welfare charty, our Branch must carefulty eonsider the ethical implications of its investments lo uphold our commitment lo animal welfare. SLtpporting entities that engage in aetivities contrary lo our aims could damage our reputation and undermine our mission. Therefore. implementsng an ethical screening process is essential. While thi5 screening may potentially limit investment growth, we aim to minimize these restrictions through careful selection of investment platforms. The Branch Committee aCknoedgeS this Irade-off and insists on receiving confimalion from fund managers that they priorilize ethical behavior in the Companies they invest in. This ensures that our VeStmentS align with our values and do not compromise our dedication lo animal welfare. Our primary objective is to generate sufficient income to cover our oper817onal c051s without relwng on gacy ineome. Regarding animal Ggre, we will continue striving for excellence at our Witrllife Centre, prowding high-quality care for as many animals 8$ practical. For domestic animals, we wll further expand OLtr fostering and rehoming operations and assist as many people on state benefrts as possble with urgent veterinary costs. We aim to expand our retail operations where feasible, while also focusing on improving sales and profitability in our existing stores. Addilionalty. we wÈll develop our online sales operation, which complements our evolving social media aclmties. To engage and retsin our online audience, we will focus educating and inspiring them about both domestic animals and wildlrfe, in alignment with our five key priorits. We wll also transition frcfn an Ltnincorporaled chaTtty lo a CIO in line wf(h RSPCA and charity commission wshe5. This new charitable structure will grant us increased froedom and flexibilty as we ontinue to grow. We are also participating in the rebranding project currenlty underway wlh the national society- This will be a gradual process and represent minimum additional financial expenditure on our part. We embarked on a serS of trnprovemenls in 2023 which have led lo improved stsff and volunteer management and increased efficien¢ies. We invested heavily in improving the infrastructure with the erection of a new purpose-buik fox enclosure to replace the dilapidgted old one. We empk)yed a dedicated fundraiser mid 2023 who has made signifan1 inroads to our fundraising endeavours. Key achievements for the year included establishing our first databas& and $ubscrib newsletter, a significantly higher level of engagement with our COorate sponsors and a vastly improved social media engagement. A signifieanl amount of work has also gone into our legacy prcgramme whi¢h reinforces the difference beveerI the national and local RSPCA. Page 5
Trustèes. Report We did not employ exlemal fundraisers in 2023 and do all our own fundraising inthouse. We sign up lo the Code of Fundraising Practice and received no complaints in 2023. To safeguard individuaFs' privacy, the Branch does nol share its donor and supporter database with any third parties or the nation81 RSPCA. Followro the appointment of a full time Store Operations Manager lo lead on improving sales income and stsndards across our ten stores, like for like income grew by 280A lo £996,728. We also signed a trading agreement wf(h a neighboufing Branch to allow us lo trade in their area. We were unsuccessful in finding a suitable promises in 2023 1)ul were mole siJ¢cessful in early 2024 and the new store sill come online mid-2024. We changed our till supplier mid-2023, partly as a cost saving exercise, bul also to help manage our growing portfolio of new goods. In the light of increa51ng sales of new goods both in the stores and on line we established a whoFIy-owned Tfading Company to handle them. The Company will pay all ils profil as Gift Aid lo the charty and will enable us to trade more flexibly. We will continue to expand our online retail opgTion$. Our volunteers ar8 al the heart of our operation and without them we could not QP9rate at Ihe18vd we do. Cumulatively they contributed 43,419 hours in 2023. Recognising their importance and in-line wlh our key objective of'striving for exlnce. we appointed a dedicated member of staff to improve the recruitment process and developed improved training maleriats across our retail and animal welfare operations. We also celebre National Volunteer Wk each year and make every effort to make our appreciation of their hard woth known. Stru Nature of govemlng document RSPCA North Wittshire and Newbury Di5tricl is consti(uted as an unincorporated association and operates a5 ar7 autonomous branch of the National RSPCA and is subject to tis rules for branches as updated in 2016. The trustee tmxly as a whole has been incorporated. Structure In January of 2023 a trading company was established to handle the sale of new goods across the commercial side of the charty. In January 2024 a CIO was established and a process of due diligence started with to transfer all the assets from the unincorporated charity to the new CIO. The transfer of assets from the unincorporated charty to the CIO will take place during the latter part of 2024. Recrultmgnt and appolntment of trustees Trustees are all volunteers and met 9 limes during 2023. There are currentty 5 trustees serving. Page 8
Trustees, Report Induction and tralnlng of trustges New Iruslees, applications are carefulty considered to ensure a continuity of smooth governance and the range of skills available. Current skills on the board of trustees are legal, finance, veterinary and HR. New trustees are given a comprehensive induction to the branch to give a broad understanding of its operats'ons. Arrangements for setting key management petsonnel remuneration The trustees consider that Ihe board of Iruslees comprise the key management personnel of Ihg hafity in charge of the directing and ¢onlrolling the charity and running and operating the charity on a day-tovday basis. All trust08s give of their time freely and no tw$tee remuneration was pahl in the year. Details of trustee expenses and related paty transactions are disclosed in the notes lo the accounts. Tnèstees are required to disclose all relevant interests al the start of each Board meeting and register them and in a¢¢ordance wth the charit15 policy wlhdraw from decisions where a conflict of interest arises. Where there 1$ a conflict of interest a waNer wll be obtained through the Regional B08rd. There were no conflids of interest in 2023. The CEO rep)rts to the trustees and 15 responsible for all operational management, teading staff and volunteers, overseeing and enhancing the Branch's aims and objectives in accordance with the strategic direction set by the Trustees. The trustees consider the rernuneration of stsff annually considering the National Living Wage and CPI in the light of the financsal position of the Branch. Major rfsks and management of those risks The trustees are responsible f identifying anit managing major risks that could significantly impact the charitls ability to achieve ils IA)jectives. These risks are categorized in a risk management register, which 1$ regularly reviewed by senior managers and trustees annually. - Govemance risk Financial risk Operational risk RepuLitional l extemal risk Disclosure of Information to audltor Each Iruslee has taken steps that they ought lo have taken as 8 trustee in order to make themselves aware of any relevant audit information and lo establish that the charity's auditor is aware of that infom)ation. The trustees confirm Ihal there is no relevant information that they know of and of which they know the auditor is unaware. Page 7
Trust88s' Report The annual report was approved by the trustees of the charity on behalf by.. 10 and signed on its eigh airman and truste Page 8
Statement of Trustees. Responsibilities The trustees are responsible for preparing the Iruslees, report and the financial ststemenls in accordance with the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice) and applic8ble18w and regulations. The law applicable to chaiilies requires the trustees to prepare financlal slatemenls for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Iruslees are required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent- stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial ststements on the going concern basis unless il is inapproprfate to presume that the parent charity will continue in business. The trustees are responsible for keeping proper accounting records Ihal disclose with reasonable accuracy al any lime the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charities {Accounts and Reports) Regulations 2008, and the provisions of the conslitulion. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United lfjngdom governing the preparation and dissemination of financial statements. Approved by the trustees of the charity on nd signed on its behaK by.. eigh airman and Iruslee Page 9
Independent Auditorfs Report to the Trustees of RSPCA North Wiltshire and Newbury District Branch Opinion We have audited the financial statements of RSPCA North Wittshire and Newbury District Branch Ilhe 'parent charity'l and Its subsidiaries (the 'group'l for the year ended 31 December 2023, which comprise the Consolidated Slalemenl of Financial Aclivth'es, Consolidated Balance Sheet. Balance Sheet, Consolid*ed Statgment of Cash Flows, Slalemenl of Cash Flows and Notes to the Financial statements, including a summary of signifKanl accounting policies. The financial reporting framgwork that has been applied in thoir preparation is applicablo law and United kn'ngdom Accounting Standards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland IUnf(ed Kingdom General Accepted Accounliftg Practice). In our opinion the financial statements.. give a true arKE fair view of the state of the group's and parent Charty's affairs as al 31 December 2023 and of ils incoming resourc9$ and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in a¢¢ordan¢e wf(h the reqltirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance with International Slandards on Auditing IUKI (ISAS (UKI} and appIable law. Our responsibilities under those standards ale further described in the auditor responsibilrties for the audit of the financial slalemenls section of our report. We are independent of the group and parent charity in accordance wrth the ethical requirement5 that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethieal Standard, and we have fulfilled our other ethical responsibilities in accordance wf(h these fequiremenls. We believe that the audit evidence we have oblairbed is sufficient and appropriate to provide a basis for our opinion. Conclusions rolating to going con¢gm In auditing the financral statemen15, we have wnduded that the tojstees use of Ihe going concem basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have p8rfomied. we have not identified any material uneertainliès relating lo events or conditions that, ind¢vidLtally or colleclNely, may cast signiFicant doubl on the group and parent charity's ability to eonlinue as a going concern for a period of al least fv1ve months from when the original financial slalements were aulhorised for i$5ue. Our responsibilities and the responsibili(ies of the trustees with respect to going concern are <Jescribed in the relevant seGlions of this report. Other inforniation The other infomialion comprises the infomiation included in the trustees annual report. other than the financial slalements and our audEtoffs report Ihereon. The trustees are responsible for the olhei infomiation contained within the annual report. Our opinion on the financial statements dtss not cover the other information and, except to the extent otherwise expliciuy staled in our report, we do not express any form of assurance conclusion thereon. Page 10
Independent Auditorfs Report to the Trustees of RSPCA North Wiltshlre and Newbury District Branch Our responsibility is to read the other information and, in fjoing so, consider whether the other infomialion is materkglly inconsislenl with the financial 5talemerits or our knowledg8 obtained in the course of the audit or othemise appears to be malerialty misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise to a malefial misslatemenl in the financial slalemenls Ihemsefves. If, based on the work we have performed. we conclude that there is a material misstatement of this other infomialion, we are required lo report that fact. We have nothing lo report in this Tegard. Matters on which we are Tequired to Teport by exceptlon We have nothing to report in respect of the following matters in relation lo which the Charities {Atcounls and Reports) Regulations 2008 require us lo report lo you ff, in our opinion.. the infoTmation given in the financial statements is incon8i81enl in any material resped wtth the trustees, pOrt. ¢x sufficient accounting records have not been kept,. or th@ paronl charity's financi slalements are not in agresment wth the accounting records and tums., or we have not receivod all the infofmalion arKJ explanations we Tequire for our audit. Responsibilities of trustees As explained more f4Jlly in the Iruslees, responsibilities slalemenl in page 9. the trustees are responsible for the preparation of thé financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that free from material misslalem8nl, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the group and parent charty's ability lo continue as a going concern. disdosing, as appltable, matter5 related lo going Concern and using the going concem basis of accounting unless the trustees either intend lo liquidate the group or the parent charity or lo cease operations, or have no realistic alternative bul to do so. Auditor responsibilitles for the audit of the financial stat8m¢nts We have been appointed as auditor under section 1513 of the Charf(ies Act 2011 and report in accordance with regulations mad& under se¢lion 154 of that Act. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a high kvel of assurance. but is not a guarantee that an audit conducted in accordance with ISAS {UKI will alway5 detect a malorial misslalemenl when rt 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 de¢isrons of users taken on the basis of these financial statements. The exlenl to which trjr procedures are capable of detecting irregulartties, in¢luding Iraud is detailed below.. Page 11
Independent Auditorfs Report to the Trustees of RSPCA North Wiltshire and Newbury District Branch Irregtjlarilies. Including frautj, are Instances of non<ompliance wh laws and regufaltons. We desKJn procedures in line with our responsibilities. outlined above, to detect material misstatements in respe of irregutarities, induding fraud. In Identifying and assessing risks of material misstslement in respect of irregularities. including fraud. the audit engagement team.. obtained an understsnding of the nature of the industry and Sector, including the legal and regulatory framework that the charity perales in and how the charty is complwng with the legal and regulatory framework", inquired of management, and those charged with governance, about their own identrfication and assessment of the risks or irregularities. includin9 known and 8Ctual. suspected or alleged instances of fraud., discussed matters about non<ompliance wth laws and regulations and how fraud might 0ur including assessment of h¢)w and where the financial statements may be susceptible to fraud. However. il is the primary responsibility of management, wlh the oversight of those charged with governance, to ensure that the entitys operations are ndUCted in accordance with the provisions of laws and regutth'ons and for the prevention and detection of fraud. A further des1PtJn of our responsibilities is available on the Financial Report¢ng Councll's website at'.www.fr¢.org.uklauditorsresponsibililies. This description forms part of our auditorfs repofL Uso of our report This report is made solely lo the charitys Iruslees. as a body. In accordance wtth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mtght slate lo the charitls trustees those matters wo are required to stsle to them in an audilorfs port and for no other purpose. To the fulkst exlenl pemitted by law, we do not accept or assume responsibilty to anyone other than the charty and the charty's trustees as a body. for our audf( work, for this reporL or for the opinion$ we havo fomied. Mr Robert CadwalLgder (Senior Statutory Auditor) For and on behaw of Milsted Langdon LLP, Statutory Auditor Winchester House Deane Gale Ave Taunton TA12UH Date.. Milsted Langdon LLP is eligible for appointment as auditor of the chadty by virtue of its eligibilty for appointment as audftor of a ¢(panY under section 1212 of the Companies Act 2CKE. Page 12
Consolidated Statement of Financial Activities for the Year Ended 31 December 2023 (Includlng Consolidated Income and Expenditure Account and Ststement of Total Recognised Gains and Losses) Unrestrlcted funds Restricted funds Total 2023 Total 2022 Noto Income and Endowments from: Donations and legacies Ch?ritable activities Other trading activthes Other ineome 126,109 56,306 182,415 5,540 996,728 13,931 425,073 10.961 778.506 63,502 996.728 12,431 1,500 Total income 1,140,808 57,806 1,198,614 1,278,042 Expenditure on: Raising funds Charitable actiwts'es {814,545} 324,365 1814,545} 563,016 1719.892) 519,960 238.651 Total expenditure Gainsllosses on investment assets 11.138,9101 1238.6511 (1,3n,561} 11,239,852} 96.526 96,526 66,840 Nel incomel{expendf(urel Nel movement in lunds 98.424 180,845 82,421 128,6501 98,424 1180,845) 182.421} {28,650} Recon¢iliatlon of funds Total funds brought forward 955,453 324.676 1,280,129 1.308,779 Tot81 funds carr forward 20 1,053.877 143,831 1,197,708 1,280,129 During the year ending 31 December 2023, the charity had 8 deficit of £99.9D312022'. £28.6501. All of the group's adivities derive fr¢Jn continuing operations during the above two period8. The fLtnds breakdown for 2023 is sho% in nolo 20. The notes on pages 18 10 35 form an integral part ttf theye financial ststements. Page 13
Consolidated Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets Investments 12 233,146 775.099 224.449 778.573 1,008,245 1,003.022 Current assets Stocks Debtors Cash al bank and in hand 14 15 16 21,002 156,932 114,490 6,143 179,279 167,719 292,424 353,141 Creditors: Amounts falling due within one year 17 102,961 76,034 Net current assets 189,463 277,107 Net assets 1.197.708 1,280.129 Funds ofthe group: Restricted incorne funds Reslricled funds 20 143,831 324,676 Unrestricted income funds Unreslricled funds Investment reserve 805.811 248,066 776.880 178,573 Total unrestricted funds 1,053,877 955,453 Total funds 20 1,197,708 1.280,129 The on I statements on pages 13 to 35 were approved by the trustees, and authorised for issue and signed on their behalf by.. eigh airman and trustee The notes on pages 18 to 35 fomi an integral part of these financial slatemenls. Page 14
Balance Sheet as at 31 December 2023 2023 2022 Noto Fixed assets Tangible assets Investments 12 233,146 775.100 224,449 778.573 1,008,246 1,003,022 Current assets Stocks Debtors Cash at bank and in hand 14 15 16 6.143 179,279 167,719 205,855 76.231 282,086 353.141 Credltors: Amounts falling due within one year Net current assets 17 110,106 76,034 171,980 277,107 Net assets 1,180,226 1,280,129 Fund5 of the charity: Restricted income fund5 Restricted funds 20 143,831 324,676 Unrestricted incorne funds Unrestricted funds Investment reserve 788.329 248,066 776,880 178,573 Total unrestricted funds 1,036,395 955,453 Total funds 20 1,180,226 1,280,129 The fi al statements on pages 13 10 35 were approved by the truslees, and aulhorised for issue and signed on their behalf by.. airman and truste The notes on pages 18 to 35 form an integral part of these financial statements. Page 15
Consolldated Ststement of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash flows from operatlng activities Ng1 wh expenditure 182,421} (28,650} Adjustments to cash flows from non4ash Itoms Depreciation Loss on disposal of tangible fixed assets Revaluation of investments 39,584 1,788 96,526} 1137.5751 32,283 135 66,840 70.608 Working capital adSustmonts Increase in strxks Decrea8ellincrease} in debtors Increase in creditors 14 15 17 114,8591 22,347 26,927 19181 170.0691 25,684 Net cash flows from operaing activitEs 1103,1601 25.305 Cash flows from investing a¢tivlties Purchase of tangible fixed assets Puhase of investments Sale of invesknents 12 150.0691 {56,8981 1200.000} 100,000 Nel cash flows from investing actiirities Nel decrease in cash and cash equivalents 49.931 1256,898 153,2291 187,719 1231,5931 Cash and cash equival8nts at 1 January Cash and cash gquivalents at 31 December 399,312 114.490 167,719 All of the Cash fl¢)ws are derived from continuing operations during the above tsvo periods. The notes on pages 18 to 35 form an integral part of these financial statemlS. Page 16
Statsment of Cash Flows for the Year Ended 31 December 2023 2023 2022 Note Cash Ilows from oporatlng actlvltles Net cash expenditure 199.9031 {28.650) Adjustments to ¢ash flow5 from nonpcash items Depreciation Loss on disposal of tangible fixed assets Revaluation of investments 39,584 1,788 ,526 32,283 135 66,840 {155,0571 70,608 Working capital adjustments Decreasel(in¢reasel in stocks Increase in debtors Increase in creditors 14 15 17 6,143 126,5761 34,072 19181 170,0691 25,684 Nel cash flows from operaling activities 141,418 25,305 Cash flows from investing activltlos Purchase of tangible fixed assets Purchase of investments Sale of investments 12 150,0691 156,8981 1200,0001 100.000 Nel cash Ilows from investing actsvit*es Net decrease in cash and cash equivalents Cash and eash equivalents at 1 January Cash and cash equivalents at 31 December 49,930 256.8981 191,4881 167.719 1231,593} 399,312 76.231 167,719 All of the cash flows are derived from continuing operations during the above periods. The notes on pages 18 to 35 fomi an integral part of these financial statements. Page 17
Notes to the Financial Statements for the Year Ended 31 December 2023 1 Accounting policiès Statement of ¢ompllan¢e The finarKial statements have been prepared in accordance w((h the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Standard appIale in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation RSPCA North Wiltshire and Newbury District Branch meets the definition of a public benefit entity under FRS 102. The accounts (financial slalementsl have been prepared under the h¢storical cost convention wlh items recognised at cost or Iran$aclion value unless otheiSe staled in the relevant notelsl lo these accounts. Ba$Ss of ¢on$olidation The consolidated financial ststemenls consoldate the financial slalem¢nls of the charity and its subsidiary undelakings drawn up to 31 December 2023. No statement of financial activities is presented for the charity as permitted by paragraph 397 of the SORP. A subsidiary is an entty ¢ontrolled by the charity. Control is acheived where the charty has the power lo govern the financial and operating policies of an entity so as to obtain benefrts from rts aclivilies. The results of subsidiafE5 acquired or disposed of during the year are included in the statement of financi81 activities from the effective date of acquisition or up lo the effective date of disposal. as appropriate. Where necessary, adjustments are made to the financral stemenls of subsidiaries to bring their accounting policies into line with those used by the group. Inlercompany transactions, balances and unrealised gains on transactions between the charty and its subskdiaries which are related parties. are eliminated in full. Inlra-group losses are also eliminated bul may indicate an impairment that requires recognition in the consolidated accounts. Going concorn The Irusls consider that there are no material uncertainties about the group's abilty to continue as a going concern nor any signtficanl areas of uncertainly that affect the carrying value of asset5 held by the group. Incomo and endovmionts All income is recognised once the charty has entitlement to the income, it is probable that the income will be received and the amount of the income recèivabte be mgasured reliably. Page 18
Notes to the Flnancial Statements for the Year Ended 31 De¢embar 2023 Donadons andleg¥ies Donations are recognised when the charity ha5 been nolffd in writing of both the amount and settlement date. In the event that 8 donation is subject to conditions that require a level of perfomiance by the charity before the charity is entitled lo the funds, the income is deferred and not recognised until either tt)ose conditions are fully rTrel, or the fulftlmenl of those conditions is wholly within the control of the chafily and it is probable that these conditions will be fulfil in the reporting period. Legacy gifis are recognised on a case by case basis folfowing the grant of probate when the 8dministratorlexeculor for the estate has MMunICated in wr((ing both the amount and settlement date. In the event that the gift is in the fom of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subjecl lo the value of the gift bein9 reliabty measurable with a degree of reasonable accuracy and the ti(le lo the asset having been IransfeThed to the charty. Grants recelvable Grallls towards capital expenditure are TeaSed lo the profrt and loss account over the expected useful lrfe of the assets. Grants towards revenue expendIre are released to the profit and loss account as the related expenditure is ineurred. Gifts In kind Gifts in kind are TecOgned in different ways dependent on how they are used by the cha1, li) Those donated for resale produce income when they are sold. They are valued at the amount 8CtualFy realised. lill Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activtiies as incoming resources and resources expended when they are dislrbuled, They are valued al the amount the chaTity would have had lo pay lo acquire them. Iiiil Those donated for use by the charity itself are included when re1vable. They are valued al the amount the charity would have had to pay to acquire them. Expendlture All expenditure is recognised once the is a legal OT conslrijctive obligation lo that expenditure. il is probable settlement is required and the amount can be measured reliabty. All costs are allocated lo Ihe appIable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a basis consislenl with the yse of resources, wf(h central staff costs allo¢aled on the basis of lime spent. and depreciation charges allocated on the portion of the a88et'S Use. Other support costs are alkxaled based on the spread of staff costs. All resources expended are inclusive of irrecoverable VAT. Ralslng funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activ((ies that raise funds. Charltable actlvltles Chatitable expendf(ure comprises those costs iUrred by the chanty in the delivery of ils activf(ies and services for its beneficiaries. It includes both costs that can be alkjcaled directly lo such activities and those costs of an indirect nature r*ecessary lo support them. Page 19
Notes to the Financial Statements for the Year Ended 31 December 2023 Support Gosts Support eosts include central functions and have been alloeated to actThiity cost categories on a basis onsistenl with the use of resouices, for example, gllocaling propety costs by floor areas, or per Capita, staff Costs by the lime spent and other costs by their usage. Governance costs These include the costs allribthable to the charitys complianco wlh constf(utional and statutory requiremenls, including audit, strategic management and trustees meetings and reimbursed expenses. Governmént grants Grants towards cap5tal expenditure are released lo the profft and loss aceount over the expected useful lrfe of the assets. Grants towards revenue expendilLtre are released lo the profil 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. Taxation The charity 1$ considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK ¢orporalion lax purposes. Accordingly. the charity is potentialty exempt from taxation in respect of income or capiial gains received categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are appld gxclusively lo charitable purposes. Tanglble flxed assets Indimdual fixed assets costing £250.00 or more are initially recorded at cost. Depreciatlon and amortisation Deprectation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expectsd useful economic lrfe a$ follow8.. As$gt class Leasehold land and buildings Property improvements Furniture and shop equipment Motor vehicles Depreciation method and rate over the lrfe of the lease 2SOA straight line 330A straight line or 250% reducing balance 251Trkn reducing balanee Page 20
Notes to the Financial Statements for the Year Ended 31 December 2023 Fixed asset invgstments Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured al their fair value as at the balance sheet date using the closing quoted market pri. The statement of financial activities includes the net gains and losses arising on fevalualion and disposals througholrt the year. The charty does not &qyire pul oplions. derivaliv¢s or other complex financial inslrumenls. The main form of fin8netal risk faced by the charity is that of volatility in equity markets and investment markets due lo wider economic conditions. the attitude of investors lo investment risk, and changes in sentiment concorning equities and within particular s&lors or $ub sectors. Stock Stock is valued at the lower of cost and eslimaled selling price less costs lo complete and sell, after due regard for obsolete and slow moving stocks. C05t is delemiined using the firsl-in. firslwout IFIFOI. Goods donated by the general publ lo be sold in the shops operated by the charty are not included in the value of stock due lo there being no practical method of delefmining the value piior to sale. Fund $tru¢ture Unreslrided income funds are general funds that are available for use 8t the trustees discretion in furtherance of the objectives of the group. Designated funds are unrestricted fund5 Set aside for specrfic purposes at the discretion of the trustees. Restricted incc*ne funds are those donated for use in a particular area or for specific purposes, the use of which is restrieled to that area or PLfrpose. Pensions and other post retirement obligations The charity operates a defined conlriblion pesnion scheme for employees. The assets of the scheme are held separately frcm those of tho Charity. Any annual contributions are charged to the Statement of Financial Acbvib'es. FSnan¢ial instrumgnts Recognition and measurement The charity only hold$ basic financial instruments as defined in FRS 102. The financial assets and financBI liabilities of the charity and their measurement basis are as follows.. Financial assets trade and other debt9 are basic financial instruments and are debt instruments measured al amortised cost. Prepayments are not financial inslfumenls. Cash al bank - 18 cla5sthed as a basic financial instrument and is measured at face value. Financial liabilitEs trade creditors, accruals ané other credf(ors are financial inslrumenls, and are measured al amortised cost. Taxation and SOCkg1 security are not included in the financial inslrtsmenls disclosure definition. Deferred income is not deemed lo be a financial liabilty, as the cash settlement has alreaty taken place and there is an obligation to deliver services rather than cash or another nancrdl instrument. Page 21
Notes to the Financial Statements for the Year Ended 31 December 2023 2 Incomè from donation$ and legacles Unrestricted funds Genor41 Restrlcted funds Total 2023 Total 2022 Donations and legacies.. Donations from The Oak and Furrows Wildlife Rescue Cgnlre Donations from individuats Legacies 5,296 94,748 26,065 48,536 4.no 3,000 53,832 99,518 29,065 269,790 105.162 50,121 126,109 56,306 182,415 425,073 £126,109 {2022 - £161,539) of the income above was attTibLrt8ble lo unreslfictfjd fund$ and £56,3C6 12022- £263,534} attributable to Testricted funds. 3 Income from charitable a¢tivlties Unrestrlcted funds Genèrnl Total 2023 Total 2022 Boarding income 5,540 5,540 10.961 £5,54012022 - £10,961} of the income above was attributable to unrestricted funds and £Nil {2022 - £Nill attributable lo restricted fvnds. 4 Income from other trading actlvitl8s Unrestricted funds General Total 2023 Total 2022 Trading income-, Shop income Sales of go¢)ds and services Grft aid re¢wvable 885,809 58.773 52,146 996,728 885.809 58,773 52.146 729.575 48,931 778,506 996,728 £996,728 {2022 - £778,498) of the income above was attributable to unrestricted funds and £Nil12022 - £81 attributable to restrlcled lunds. Page 22
Notes to the Financial Statements for the Year Ended 31 December 2023 S Othgr Income Unrestrieted funds General Restrlcted funds Total 2023 Total 2022 Fundraising events Government grants Other grants Othef income 10,220 10,220 3,412 51,047 9,000 43 1,500 1,500 2,211 2,211 12,431 1.500 13,931 63.502 £12,431 {2022 - £4,503) of the income above was attributable to unr¢slri¢led funds and £1.50012022- £7.9521 attributable to restricted funds. 6 Expenditure on raising funds al Costs of tradin9 activities Unrestricted funds General Total 2023 Total 2022 Note IndivKlual sh¢)p costs Purchases Staff Costs 421,213 8,702 384.630 421,213 8,702 384,630 814,545 378.824 341.062 719.892 814,545 £814,545 {2022- £588.3971 of the income above was attributable to unreslrictsd lunds and £Nil {2022 - £131,495> attributable to restricted fvnd$. 7 Expenditure on ¢haritable actlvltles Unrestricted funds General Restricted funds Total 2023 Total 2022 Note Velerinary fee$ Diwt costs staff costs Alk)caled support costs Govemance costs 11,227 1,342 159,061 22,617 9,743 167,464 33,844 11.085 326,525 34,658 8,394 286,669 131,294 21,441 38,827 170,121 21,441 563.016 172,859 17.380 324,365 238,651 519,960 Page 23
Notes to the Flnanclal Statements for the Year Ended 31 December 2023 £324.36512022 - £458,620) of the income abovg was attributable to unrestrithd funds and £238,651 {2022 - £61,340> attributable to restricted funds. In addition to the expenditure anatysed above, there are also goveinance costs of £21,441 (2022 £17.380) which relate direclly to Gharitable activities. See note 8 for further detail5. 8 Analysls of govemance and support costs Charltable activitie$ expenditure Unrestricted funds General Restricted lunds Total 2023 Total 2022 Staff training, welfare & entertaining BoOkkplng. regal & professional fees Contribution lo branch Establishment costs Insurance DepciatIon Loss on disposal of tangible fixed assets Travel and subsisl&nce Motor Expenses Printing. postsge and slalionery Repairs Advertising and marketing Bank fees and other charge$ General expenses Cleaning 4,666 913 5,579 4,742 14,349 551 Y2,589 1,265 33,686 14,349 551 49,035 1,265 39,584 17.715 551 45,664 1,001 32,283 16,446 5.898 135 9,817 6,048 9,244 8,967 10,314 8.799 5,169 12,410 172,859 13.472 495 13.967 4,902 2,179 299 2,232 5.201 4,411 6,228 14,244 3,750 11.957 14,244 3,750 197 11,760 38.827 131,294 170.121 Page 24
Notes to the Financial Statements for the Year Ended 31 December 2023 Governance costs Unrestricted funds General Total 2023 Total 2022 Aud(( fees Audit of the financial statements Other fees paid to auditors Legal fees 15,629 3,300 2,512 15,629 3,300 2,512 11,268 3.600 2.512 21,441 21.441 17,380 9 Net incomlngloutgolng resources Net loulgoingllincoming resources for the year indude.. 2023 2022 Op&rating leases - other assets Audit of the financial statements Other fees paid to auditors Loss on disposal of tangible fixed assets Deprectalion of fixed assets 221,900 15.629 3,300 1,788 39,584 177,317 11,268 3,600 135 32.282 10 Tnjstees remunerat5on and expenses No trustees, nor any persons connected with them, Iwe re1ved any remuneralion frLY)) the gFOUP during the year. No ITustees have receNed any reimbursed expenses or any other benefts from the charity during the yeai. 11 Staff ¢osts The aggregate payroll costs were as follows.. 2023 2022 Staff costs durlng tho y•ar wgro: Wages and salaries Social securty costs Pension costs 861,324 41,032 8,799 711,155 58S,374 35,442 6,915 627,731 The monthly average number of petsons (including senior management I leadership team) employed by the group during the year expressed as full time equivalents was as follows.. Page 25
Notes to the Flnancial Statements for the Year Ended 31 December 2023 2023 No 2022 No Management and admin Retail Logistics Wikllrfe Centre 23 22 11 41 39 No employee re¢eNed emoluments of more than £80,000 during the ar. The totsl employee benefits of th& key management personnel of the group were £136,805 {2022 - £115,526). 12 Tangiblg fixed assets Group Land and buildings Furnitu and equipment Motor vghicles Total Cost Al 1 January 2023 Additions Disposals At 31 December 2023 266,557 26,327 91,868 23,742 51.346 45,540 403,965 50.069 51,3461 292,884 64,264 45,540 402,688 Depreciatlon Al 1 January 2023 Charge for ttte year Eliminated on disp08als Al 31 December 2023 89.232 16,151 64,030 18,611 49,558 26.254 4.822 179.516 39,584 149,558 10S.383 33,083 31,076 169.542 Net book valu At 31 December 2023 187,501 31.181 14,464 233,146 Al 31 December 2022 177.325 27,838 19.286 224,449 Included within the nel book value of land and buildings above is £Nil {2022 £Nil} in respect of fr*hold18nd and buildings and £187,501 12022 - £177,325) in respect of leasehold property. Page 26
Notes to the Flnancial Statements for the Year Ended 31 December 2023 Charity Land and buildings Fumiture and equipment Motor vehicles Total Cost At 1 January 2023 Additions Disposals 266,557 26,327 91,868 23,742 51,346) 45,540 403.965 50,069 51,3461 Al 31 December 2023 292,884 64,264 45,540 402,688 Depreciation At 1 January 2023 Charge for the year Elin7inaled on disposals At 31 December 2023 89,232 16,151 64.030 18.611 49,558 26.254 4,822 179,516 39,584 49,558 105,383 33,083 31.076 169,542 Net book value Al 310ecember 2023 187,501 31,181 14,464 233,146 At 31 December 2022 177,325 27.838 19.286 224,449 Included within the net book value of land and buildings above is £Nil 12022 £Nill in $1 of freehold land and buildings atyl £187,501 12022- £177.3251 in respect of leasehold property. Page 27
Noles to the Flnancial Ststsments for the Year Ended 31 December 2023 13 Flxed a88et Investm9nts Group 2023 2022 Other investments 775,099 778.573 Other Investments Llsted Investments Total Cost or Valuatlon Al 1 January 2023 Revaluation Disposals Al 31 December 2023 778,573 96,526 iooooo T18,573 96,526 Net book value Al 31 December 2023 775,099 775,099 Al 31 December 2022 Charlty 2023 2022 Other investments 775100 778,573 Other Investrnents Llsted Investments Total Com or Valuatlon Ai 1 January 2023 Revaluation Additions Disposals 778.573 96,526 778.573 96,526 100.000 At 31 December 2023 775.100 775 100 Net book value At 31 Dember 2023 775.100 775 100 At 31 December 2022 778,573 All investments are held in a COIF investment bond. The investment bond has been included in the accounts at lair value. The historical cost as at 31 December 2023 was £527.03412022.' £600,000). Page 28
Noles lo the Financial Ststements lor the Year Ended 31 December 2023 14 Stock Group Charlty 2023 2022 2023 2022 Stocks 6,143 IS Debtors Group Charlty 2023 2022 2023 2022 Trade debtors Prepayments Accru9d income VAT recoverable Other debtors 5,564 56,036 60,6CIO 28,097 5,564 56,036 63,144 23,166 53,645 96,055 18,186 53,645 96,055 18.186 156.932 179.279 205 855 179 279 16 Cash pnd ¢agh equivalents Group Charity 2023 2022 2023 2022 Cash on hand Cash at bank 230 114260 114,490 55 167664 167719 230 76.001 55 167 664 167.719 17 Credltors: amounts falllng due withln one year Group Charlty 2023 2022 2023 2022 Trade creditors Due lo North Willshire and Newbury District Trading Limited Other taxation and social securty Owed lo Oak & Furfows Wildlife Rescue Centre Other creditors Accruafs 47,070 22,576 34,519 22,576 23.161 11,993 11,611 11,993 11,611 2.830 2,500 23,095 1.989 2,830 2.500 23,095 1.989 16,763 102,961 76,034 110.106 Pag$ 29
Notes to the Financlal Statements for the Year Ended 31 December 2023 18 Obllgatlons under ltsses and hlre purchase contracts The to1 value of luturo minimum lease payments was as tollows.. Group 2023 Charlty 2023 Within one year 226,500 Operating lease ¢ommltments Total future minimum lease payments under non-cancellable operating leases are as lollows.. Chorlty 2023 Land and bulldlngs Within one year Belween one and Itve years After five years 226,500 484,695 113960 825,155 223.577 673,195 1081 595 19 Penslon and other schemes Deflned contrlbutlon penslon scheme The group operates a defined contribution pension scheme. The pension cost charge for the year r8presents contributions payable by the group to the sch¢me and amounted to £Nil12022- £Nill- Pag• 30
ID O) tyJ OJ O ffj jo In ¢> 01 ¢01 In (o 11 o) c c c uuu ¢J ay cc c£ rc o) 411 LL LL tooo
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Notes to Ihe Financial Statements for the Year Ended 31 December 2023 The specilic purposes lor whth the funds are 10 be applled are as follows.. The unrestricted funds ar8 available to be used at Ihe trust8es discretion lo further the objects of the charity. Designated funds include unrestricted funds donated by The Oak and Furfows Wildlife Rescue Centre on transler to RSPCA North Wikshire and Newbury branch. The funds were ringfenced by the Irusleés lor the purpose of building the Wildlife Cenlre. During the prior year the trustees have deeTded to transfer the fund balance lo unrestricted reserves. The Iruslees have also ringlenced £500,000 lor the purpose ol running the Catt&ry. This remains unsponl as al 31 December 2023. Restricted funds include those donated by The Oak and Furrows Wildlrfe Rescue Centre on Iransler to RSPCA North Wiltshire and Newbury branch. The funds represent the nel book value ol assets purchased from reslricled income. Depreciation on these assels is written off annualty against the restricted fund. Restricted income of £57,806 was received from Thè Oak and Furrows Wildlrfe Rescue Cgnlre in the form ol donations and legacies, with £234,901 01 expenditure. The RSPCA Regional Board grant brought forward balance for the purpose ol the Wildlife Centre has beèn spent in the year. Reslricled funds donated by The RSCPA Newbury and District Branch on transfer lo RSPCA North Wiltshire and Newbury branch was spent in the prior year. These funds were treated as reslri¢led pw the RSPCA Rules in relalton to the transfer of one branch into another. The investment reserve relates to the unrealised gain on long temi investments after comparing the year end values to tt)e ortginal cost. Page 34
Notes to the Flnanclal Slalements for Ihe Year Ended 31 December 2023 21 An8ly$ls ol net assets between funds Group Total fund$ at31 Restrlcted December lunds 2023 Unrestricted lunds Deslgnated General Other Tangible fixed assets Fixed asset investments Current assets Current liabililias 41,957 139,279 227,536 102961 112,246 387,754 78,943 233,146 775,099 292,424 102.961 248.066 64,888 Total net assets 805,811 500,000 248 066 143,831 1.197.708 Total fund$ at31 Restrlcted December lund8 2022 Unrestrlctèd fund$ De$lgnated General (Xher Tangibte fixed assets Fixed asset investments Current assets Current liabililles 35.980 200,000 97,412 119.522 400.000 68,947 224,449 778,573 353,141 76.034 178,573 255,729 Total net ass8ls 276 880 500,000 178 573 1 280 129 22 Related party transactions RSPCA North Willshire and Newbury District advanced The Oak and Furrows Wildlife R95cue Centre £nil12022.' £nill. The Oak and Furrows became part ol FISPCA North Wiltshire and Newbury District from 1 April 2020. Al the end ol the year the amount owed from The Oak and Furrows Wildlife Rescue Centre was £nil12022'. £nill. Durlng the year the eharity paid £1,37212022.. £7371 ef expenses lo S ForresL a Iruslee ol Thg Oak and Furrows Wildlife Rescue Centre. The expenses wer9 reimbursed lor vehicle expenses and animal Durlng the year, 2 trustee$12022 - Nil} made donations lo the charity lotalling £1812022- £Nill. Al the year end, £2,83012022- £23,095} was owed lo Oak & Furrows Wildlife Rescue Centfe. Page 35