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 Finan￿al Statements 181035 Reference and Administrative Details Chalmian J Leigh Chief Executlve Officer R Ck)we5 Trustets J Leigh C J LaU￿nCe 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$ter￿1 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 ir￿orne . 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 Inspeclor*e 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 ernergenC￿s 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 in4*rson 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 a￿aS help ensu￿ th81 we can enhance our welfare and eduealK*nal 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¢t*veness 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 aCkno￿edgeS 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 priorit￿s. 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 ser￿S 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 signif￿an1 inroads to our fundraising endeavours. Key achievements for the year included establishing our first databas& and $ubscrib newsletter, a significantly higher level of engagement with our CO￿orate sponsors and a vastly improved social media engagement. A signifieanl amount of work has also gone into our legacy prcgramme whi¢h reinforces the difference be￿veerI the national and local RSPCA. Page 5 Trustèes. Report We did not employ exlemal fundraisers in 2023 and do all our own fundraising inthouse. We sign up lo the Code of Fundraising Practice and received no complaints in 2023. To safeguard individuaFs' privacy, the Branch does nol share its donor and supporter database with any third parties or the nation81 RSPCA. Followro the appointment of a full time Store Operations Manager lo lead on improving sales income and stsndards across our ten stores, like for like income grew by 280A lo £996,728. We also signed a trading agreement wf(h a neighboufing Branch to allow us lo trade in their area. We were unsuccessful in finding a suitable promises in 2023 1)ul were mole siJ¢cessful in early 2024 and the new store s*ill come online mid-2024. We changed our till supplier mid-2023, partly as a cost saving exercise, bul also to help manage our growing portfolio of new goods. In the light of increa51ng sales of new goods both in the stores and on line we established a whoFIy-owned Tfading Company to handle them. The Company will pay all ils profil as Gift Aid lo the charty and will enable us to trade more flexibly. We will continue to expand our online retail opgT*ion$. 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 ex￿l￿nce. 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 celebr*e National Volunteer W*k 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 appI￿able 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 fv￿1ve months from when the original financial slalements were aulhorised for i$5ue. Our responsibilities and the responsibili(ies of the trustees with respect to going concern are attributable to restricted fvnd$. 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 BoOkk￿plng. regal & professional fees Contribution lo branch Establishment costs Insurance Dep￿ciatIon 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 r￿e1ved 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 ￿$￿1 of freehold land and buildings atyl £187,501 12022- £177.3251 in respect of leasehold property. Page 27 Noles to the Flnancial Ststsments for the Year Ended 31 December 2023 13 Flxed a88et Investm9nts Group 2023 2022 Other investments 775,099 778.573 Other Investments Llsted Investments Total Cost or Valuatlon Al 1 January 2023 Revaluation Disposals Al 31 December 2023 778,573 96,526 iooooo T18,573 96,526 Net book value Al 31 December 2023 775,099 775,099 Al 31 December 2022 Charlty 2023 2022 Other investments 775100 778,573 Other Investrnents Llsted Investments Total Com or Valuatlon Ai 1 January 2023 Revaluation Additions Disposals 778.573 96,526 778.573 96,526 100.000 At 31 December 2023 775.100 775 100 Net book value At 31 De￿mber 2023 775.100 775 100 At 31 December 2022 778,573 All investments are held in a COIF investment bond. The investment bond has been included in the accounts at lair value. The historical cost as at 31 December 2023 was £527.03412022.' £600,000). Page 28 Noles lo the Financial Ststements lor the Year Ended 31 December 2023 14 Stock Group Charlty 2023 2022 2023 2022 Stocks 6,143 IS Debtors Group Charlty 2023 2022 2023 2022 Trade debtors Prepayments Accru9d income VAT recoverable Other debtors 5,564 56,036 60,6CIO 28,097 5,564 56,036 63,144 23,166 53,645 96,055 18,186 53,645 96,055 18.186 156.932 179.279 205 855 179 279 16 Cash pnd ¢agh equivalents Group Charity 2023 2022 2023 2022 Cash on hand Cash at bank 230 114260 114,490 55 167664 167719 230 76.001 55 167 664 167.719 17 Credltors: amounts falllng due withln one year Group Charlty 2023 2022 2023 2022 Trade creditors Due lo North Willshire and Newbury District Trading Limited Other taxation and social securty Owed lo Oak & Furfows Wildlife Rescue Centre Other creditors Accruafs 47,070 22,576 34,519 22,576 23.161 11,993 11,611 11,993 11,611 2.830 2,500 23,095 1.989 2,830 2.500 23,095 1.989 16,763 102,961 76,034 110.106 Pag$ 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 OEU o)£ 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