Ch3rSty nUM￿r. 503759 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 RSPCA RADCLIFFE SHELTER TRUST CONTENTS Page Reference and adrninistratlv& detalls of tho Charlty. Its Trusts•$ and advisors Trust8•s' report Independent auditorfs report on the finanelal ststwnents ststement of flnanclal actlvltles 2-11 12-15 16 Balance $hoet 17 ststèmont of cash flows 18 Notes to the financlal statements 19-38 RSPCA RADCLIFFE SHELTER TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustws D8vld Cattsr Suzie Etridge David Evans Roy TaOor Michael Ton￿1n$On Charlty reglstered number 503759 Principal offic• 32 Nottingharn Road Radcliffe On Trent Nottingham NG122DW SoTrlor management team Ella Carpenter. Animal Centro Manager Independent auditor Mazars LLP Chartered Accountants Park View House 58 Th8 Ropewalk Nottingh8m NG1 SDW Bankors Uoyds Bank PIC 12-16 Lower Padiament Stroel Nottingham NG1 3DA Sollcltorn Knights PLC Embankment House ectric Av8 Noltingham NG2 1AS Invostment Advisors Brew7n Dolphin Isl Floor Waterfront House, Waterfront Plaza 33 Ststion Strèèl Nottingham NG2 3DQ Page 1 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The TTUStees present theiT annual report together wth the audited financial statements of RSPCA Raddiffe Shelter Trust {the charity) for the ended 31 December 2021. The TnJstees confirm that the Annual report and financial statements of the charity compty wlh the current statutory requirements, the requirements of the chariws governing document and the prowsions of the Statement of Recommended Practice applicable to charitios prgparing their accoun18 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iraland. Over¥lew of 2021 A video review of the fdlowing can ￿ found on this link.'- https:Ilrspca-raddiffe.org.uk12021-reviewl We started the year in trepidation. not really knowing what to expect following 2020, a concem for our ability to raise enough funds and 8 concem for the many animals affectod by a host of pandemic factors. It soon became dear however what 2021 would bring and vthat we would be lacklillg.. Multiple animal cases where owners couldn't cope wlth the number of anim818 they had. Some driven by greed. others simply blinded to the needs of individual animals. The results the same. A sad story of increasing neglect and poor Welfa￿ for the many animals that had been used as breeding machines, or simply forgottan. Malted Coats, malnoLtrished. untreated injuries, frightened and under socialised. Over 70 dogs taken in from just 3 households alone. Imported puppies suff&ring diseastr and fighting for survival before they even had a chance lo become family pets. In many cases. their batde was lost as they were just too weak and sick to go on, the only compassion they would know would be from those who desperately tried to save their lives. More stolen pets than ever before meant a closer relationship with other agenctes as we joined forces to educate the public and reunlte ownefs with their pets. dedy dogs losing their elderly and vulnerable owners to CovSd. Left in desperate negd of rghomSng and that special someone prepared lo offer them the warmth and comfort of a nèw home. A big ask ￿en the demand continues lo be for puppies. Animals sold from one home lo another as e8d7 of their brief owners forgot that lime and training is needed for a dog lo settle. Each of them wanting lo recoup their financial loss. When they finally reach our care, it means longer rehabilitatic￿ timas for behavioural issues that could hav8 been managed so much soonar. The same is true for those owners who were not prepared for the costs of vetertnary treatment. giving them up to rescues when their condition became so obvious they could not be sold. Picking up the cosls of surgery and ongoing veterinary care, as well as longer rehgbililation periods, means greater pressure on all our reSoUr￿S and a greater need for funding. Finding new and experienced homes for animals w¢th complex behavioural needs and animals requiring lifelong velerin8ry treatment, is an ongoing challenge. However. 2021 was not all bad. As always. we take pride and joy in the animals we have ￿a¢ed in new homes. their lives lumed afound forever because of the help they received through Radcliffe Animal Centre and because our adopters wailed so patienuy lo offer them a home. After 18 months of care and much media attention. Bella too found her forever home, Llelighting the nation after her heroic 8fforts to surviv8. Sh8 continuad to teach us lo be hopeful and to believe in what working together can achieve. She highlighted a need for tougher sentencing for anim81 welfaro offen¢es and we thank all of you who supported the call for better legislation. Bella's life rsow is one of much comfort, suryounded onty by the kindness and respect that every animal deserves. During 2021, 156 dogs, 257 cats. 42 rabbits and 7 mlscellaneous animals were re-homod. Page 2 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 O¥•rvl8w of 2021 Icontinuedl Through 2021, we have been caring for a number of"¢ase animals" These animals uThlefgcHng inv8stigation for POS5ible prosecution and come from across England and Wales. These anima15 ar8 subjects of criminal proceedings and as such cannot be rehomed until either the owner passes ownership or the courts grant ownership of the animal lo the RSPC These anima15 come from across England and Wales and with court backlogs can be with us for a considerable lime. The number of case animals reduces the number of anlmals availa￿e for rehoming, although our improved online presence has ensured that r8homing rates arè al a maximum given the restn.cted space availabbe. We extended our veterinary setvicgs to a communlty neuterfn9 scheme where over 500 cats were r￿uter9d in addition to those neutered lor rehoming. Wè conlnued to train new vets throLKJhout the pandemic halping them to graduate amldst such difficutt arKI un￿rtain educatiorsal times. We became one of the first anlmal cenlres globally to be awarded the Cat Friendly Rehoming certificate through Intemational Cat Care. We continue lo strive to i￿prove so we may be the best we Can for animal welfare. We remain ever thankful to our supporters, our staff and volunteers. that we have SUNNed another pandemic year. We have ¢onlinued to be here 365 days of the yeaf to rescue, reh8bililale and rehome. We remained open every day to support our colle8gue5 in the field. Despite the challenges and loss Covid brought lo our own family lives, the noed lo gel animals lo safety remained a joint priority. We hope the future is bright for all of us and that we have tum8d a com8r. Thè aftem)ath of a pandemic will undoubtedly leave ils mark on animal welfare for many years to come. We hope that you will continue to support Radcliffe Animal Centre. so together we can carry on helping those animals that are most in need. Policies & Objectives The Trust operates wtthin a national network putsuing the sam9 objgCtiV8s as the Royal Society for tho Prevention of Cruelty to Animals. Whllsl being a s8lf-f¢Jnding independent charity, the Twst operates utilising a Ilcence issued by the National Society of the RSPCA and as such the Trust adheres lo the animal welfare policies of the RSPC In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission re5aling to publi¢ benefit. In particular. the Truste&s consider how planned activities will coniribute to the aim and objectives they have sel. Tha animal accommodation can house 92 dogs, 90 cats ar7d 8 fabbits. Animals of a domestic nature are offered for adoption lo suitable members of the publi¢. The Shelter does nol normally carè for wild animals,. these animals afe passed onto specialist carers. Provided spa¢e is available, no animal is ever tumed away from the Sheltgr, where they can be assured of clean, well-maintained accommodation, will be well fed. will be provided th veterinary care. and wh9rtr they wlll be looked afler by dedicated staff of around 25 people and regular volunteer5. No animals are euthanased unless unsuitable for rehomlng or due to heath or behavlour81 problems which make them unadoplable. Animals are pla￿d in the care of RadGliffo Sholter by members of the public, local RSPCA Branches and by Ihe Societys own Inspectorate. Pago 3 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Policies & ObjoctiV•s Icontinuedl Strategies lor achieving objectivos Afrl 5t8ff attend regular awropriate traintng courses induding NVQ qUal￿riCations. Specialist courses for managers and supeTwsors and also dog behavioural training are included. With thi5 in mind, we strive to achigvg the best care and the best results for animals in our care. As a major source of income is providad by legactes from our donors, additional effort will bg made to make our need for these legacies more widely known. Financial review Total incoming resources for the year were £676.044 {2020 - £704,891). induding legacies of £174,27412020 - £217,486>. Expendilure was £791.426 {2020 - £835,565). Nel gains on investments tolalled £124,98012020 - £4,685). resulting a nel surplus for the year of £9,568 {2020- Deficit £125.989} The 2021 budget allowed for incoming resources of £553,200, and expenditure of £724,750, with a nel budgeted defi￿t of £171,550. Actual results show signtficantly better results than were budgeted. Reserves At the end of the year, the Trust hdd an accumulated fund of £3,992.54812020.. £3,982,950}. The Twstses have reviewod tho Trust's reserves and agreed the following.. The Trusl hdds reserves in order that levels of service prov¢ded for animal welfare may be maintained should there be a reductÈon in incoming resources. This shoL*ld be equivalent to 12 -18 months expenditure. RgseNes in this context should mean fvnds that are freely available for Ihe TTUSt's general purposes after all ￿mmItMentS have been met. The Trustees therefore agree that tsngible ffixed assets suth as propety and equipmenL together with any rethcted funds. should be excluded from the calculation of general reserves. 2021 2020 Total reserves 3,992,548 3.982.950 Less.. TaryitAe fixed assets Less.. Restrktèd ftmds 2,276,823 2,402.217 220,950 224.913 Total available reseryes 1.494,775 1.355.820 The Tnjst. therefo￿, held some £1,494.775 12020.. £1.355,8201 in available funds at the year end. This represents approximately 23 months expenditure, based on 2021 levels of eX￿ndItUre 12020.. 19.5 months). This level of reserves exceeds the Trustees desired range of 12-18 months. Page 4 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Cash Levols: 2021 202Q Cash in harKI t￿e Deposits (less Ihan 3 montFBI 296,328 37,038 333,366 276,687 44,109 320,796 Othor Matter6: There are no other matters of significance to reporL There were no changes to fundlng during 2021, nor arg any changes planned for 2022. Golng Concem Assessmerrt The financial statements have been prepared on a going concern basis as the Trustees believe Ihat there are no known. or reasonably foreseeable. conditions or events. present or future, that raise any substantial doubl about the Trust's ability to continue as a going concem. The Trustees have considerod the level of funds held. and the expected level of income and expenditure for the nexi 12 months, together with that of 2023, and the bud98ted incoFne and expenditure is sufficient. with the level of reserves. lor the Trust to be able lo continue as a wng con¢em. Prlncipal riBks and un¢•rtalnti•* a) Uncertain economlc outlook. Worfd events and Covid still impact the investments held by the Trust. To ensure best advice, Brewin Dolphin arg employed as our professional advisers lo mittgale any loss of investment value. On a worfd stage global growth forecasts have continued to be taken lower wlth the impact on investments boing considered by the Trustees. A result of the Covrd pandemic was a sharp reduction in animals being available for re-IK)mFng as18rge numbe of animals were purchased by the general public from all sources. This led to a Signifi￿nt drop in adoption fees and hos rA)nbnued throLoh 2021. Post the Covid ygars, it is expected that the economy will rebound and many animals purchased during the crisis ill becoma unwanted. It wiu be inevitable that rescue centres wll fill up and the costs of caring for this increase WTII impact funding. To maximise adoptions the Trust musl ensure that it is at forefront of adopter's mlnds a$ oprx)s•d lo any of our compettrtOTS. Thg future of the economy i$l8￿elY dependent on the pandemic being contained. Hopefully wth a successful vaccination program worldwtd8 the sttuation should improve although ￿rtaIn areas of the world are not in the fortunate position the UK is. bl Injury to M¢mb•r of the Public or Staff All Health and Safety risk assessments and training is in pla¢8 to raducè any KKJlential ocoJrr8nce. Page 5 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 c) Rlsk to IT systsms l essential IT syEtems havg been moved to 'doud' service provKlers who are r&sponsible for the security and availability of the Trusts. inform8bon. In addition lo this, The Trust continues lo contract a professional IT support company to ensure continuity of service. With the rapid advan￿ of techndogy, we will maintain our efforts lo tske advantage of this advancement and reduce costs while provtding a more effective service. dl Failure to Effectively Manago ProJg¢ts No further large scale proje¢ts are currendy planned, although over the next few years the refurbishmerrt of the kennels musl be considered. •} Impart of Covid The rehoming measures wher& a rgmole system of matching animals to owners were PLrt in place in 2020. This has proved to have longer18sting advantages lo the running of the Centre. The method in whith we rehome animals continues lo be appraised. Numbers of animals have fallen due lo the restrictions put in plao. We are continuing to see animals needing 10 stay longer as those animals brought into us by Inspe¢tors are often those needing veterinary treatment and èxtensive reh8bililalion. The average cost per animal has therefore continues lo rise in lemis of boarding costs and provislon of treatment. The loss of footfall has impacied in our ability to collect donations from people visiting our centre and seeing first hand our work. We will continue to refine Ouf offering lo enwurage ordine donating. Adoption numbers are down because of restricted intake and remote adoption processes although those animals coming into us are being SLsccessfully rehomed. With this in mind adoption income decreased. As our supporters have had to move online for their normal everyday lile, there is optimism that our adoption model is beGoming accepted by our a(k)pters. We have reduced staff numbers through natural wastsge in relation lo reduced activity so have been able lo reduce staff costs without the need for redundancies. Very few staff could be furloijghed due to the need lo provide animal care and keep the centre functioning. Staff werg fvrloughed where possible, bul in stages, lo negate the impact on the service we provide. As the situation becomes more nom7al, staffing may have to increase. As the Centre trains its own apprgntices. it is not believed that SOLITcing 8ppropriate personnel wll be a protAem. The animal centre has continued lo provide support lo the national soci8ty, the veterinary industry and the general public by providing a neutertrng service lo assist with a potential COV￿ kitten crisis caused by reduced privale veterinary service. For some of the general public access to veterinary sery1￿$ still poses 8 protAem. Page 6 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 l) Fundralslng As the Trust has no area allocated to il by the National RSPCA. tradits.onal fibndraising activibes e.g. Ilag days, dcor to door collecb.ons a￿ not available to the Trust. Our focus therelore is to encourage doro)rs to donate diredly to the Trust. Over the last year our new website and social media presence continues lo increase awdreness in the general public that The Rad¢liffe Shaltei Twsl is a self-funding organisation. As with most charities, a large portion of (wr income is still in lh8 fomi of legacles. In the past donors could have left a legacy to the RSPCA with the expectation that some of these funds would filler down lo thè Trust. We continue lo make information availabie to ensure the general public are aware that the Tfust is an independent charity relwng entirdy on donations made directly to Ihe Trust. It is diffictslt to accurately assess if this ha5 led to an increase in legacy donations. but rt 1$ notsd that in(x)ming legacy income has risen over the last tyvo years. This may be ￿1￿CIdental. In 2021, logacies to the Twst again exceeded budgot expectations. The Trustees are aware that we cannot depend on legaues and will have to build a business Flan on that basis. The Trust receives significant amounts of asslstance in the fomi of volunteering both by individuats and corporate organrsations for which we are extremely grateful. Unfortunately, Covid rgstriclK)ns have biought most volunteer acb'vity tr) a halL We are grateful for the involvement of our volunteers an(J supporters arKI took fonvard to Working wth them again in 2022 should this become possible. Whilst this assistsnce is invaluable to the Trust, rt is not possible to value in monetary terms the extent of this assistance and accordlngly, the intang1l￿e income is not induded. g) Incomg Gongration The Ststemenl of Financ481 Activtties for the year is set oul on page 16 of the fsnancÉal statements. A summary ofthe financial reSu￿S and the work of the Charity is set out below. The Charitys total income de¢re8sed by 4Yo from £704,891 in 2020 to £676.044 in the year ended 31 December 2021. Donations and grfts received dLtring the year amounted to £156,552 in comparison to £185,942 re¢eive(I during 2020 and shows cL)ntinued support from various sect￿n$ of society. Income from legaoes has continued to be a core bul Varial￿e source of income to the Charity. This year has seen a d￿rease in legacy income in comparison lo 2020. The Charity's financial statements for the year include legacy income of £174,274 receiv&LI during 2021 compared to £217.846 received during 2020. Charitable expenditure in relation to the receplion. boarding and care of animals at a ojst of £777.589 12020 - £820,099} LX)nlinu8s lo be 8 ￿gnIficant part of the Charitys overall expendlture. Page 7 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 h) Investment Pollcy and Perfornlance The Tnjsl employs Brewin Dolphin to manage all investmorbts on a discretionary basis. Brewin Dolphin will manage the portfolio through making investments on a low to medium risk basis. AJI investment purchases and sales are notified by Brewin Dolphin to the Trustees and the Trustees have online reFK)rting access to the portfolio. The bjnds made a nel gain on inveslmenls of £124,98012020.. £4,685). Structure. govemance and management Constltutlon The principal object of the charity is to use the freehold property for the reception. boarding and adoption of unwanted, lost. Starving, injured or diseased animals. for the promotion of kindness, and preventton or suppression of cruelty lo animals. The trust is an unincorporated tnjsl, constituted under a trust deed dated 26 September 1973, and amended by agreements dated 30 December 1991. 13 December 1993 and 16 May 1994. b. Methods of appointment or oloctlon of Tru$t•O$ The trust is administered by the Trustees who a￿ nominated representatives fn)m the Nottinghamshire branches of RSPCA, although the power to app(Nnt them r8mains with the Natsonal RSPCA Council. Each appointment is for a temi of foltr ygars. . Policies adopted for the induction and training of Trustees Prospective Trustees are invited to attend a Trustees meeting prior to appointment. Upon appointment they are provided with a sel of the Trust Deed and attached agreements, together with a copy of tho previous yearfs audited accounts. These are then later discussed in a one lo one meeting. Any further training required is conwderg¢J at th& appropriate time. For new Trustees, attention is drawn lo the Charity Cc¥nmission document'The essential Iwslee.. what you need to know, what you fieed to do ICC3)-. d. Pay pollcy foi Senior Staff Remuneration and benefits of all the charl￿8 personnel {including the key management personnel) are sel in line wth other comparable large 8fiFmal rehoming cenlres and take into account the level of skills and experience required, responsibility given. and the r8te of inflation. In particular, refsrence will bè made to the rnosl recent salary surveys and salarigs paid by other local charities in the same field and of equivalent size. The Centre Managerfs level of remuneration is sel and agreed by the Trustees, 811 other positions are set by th& Centre Manager and agreed by the Tfustees. Should the post of Centre Manager become vacant it wll be advertised Ihroughotrt the RSPCA and extemally via the Trust's web site. l the tsustees give freely of their time. and no Irusteg recaivgd remuneration for their work for the charity in the year. other than the reimbursement of expenses. Page 8 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Stru¢ttsre. governan￿ and management Icontinuedl •. Organitsational Stru¢tur• and D•cislon Maklng The Board of Trustees consists of the foHowing members as at 31st Oecember 2021 and at the date of signing of these accounts.. David Carter Suzie Etridge David Evans Roy Ta￿Or Michael Tomlinson By Deed of Agreement dated 16 May 1994 the Trtjst Deed was varied to give powors for the appDintment of a Management Committee for the Shelter. It has been agreed that the rde of the Management Commhtee be suspended. and replaced by a full meeting of the Tnsste8s on a bkmonlhly ba818. Day to day administration of the animal shelter is delegated to the Animal Centre Manager. Employees are ¢on$uEted on issues of ¢oneem to them by means of regular staff meetings, and are kept informed directly by the management, on specific mattets. The￿ is a full programme of regular staff training for Nva and other training programmes. f. Rlsk management The Trustees have considered the major risks to which the charity Is exposed and have reviewetl those thsks and established systems and procedure5 to manage those risks. The Trust has a low to medium risk return policy on its investment portfdio. The investments are managed by Brewin Dolphin. Thè managÈmÈnt of the portfolio is on the basis of regulations detailed in the RSPCA Act 1958 and the Trustees have given the investment managers discretion lo manage the portfolio wtthin the agreed risk profile. Plans for future Pefiods Future Dovel¢pments The Charivs budget predicts levels of legacy income for the forthcoming year arKI is based on previous years. oxperiencè. Incoma from legacies will t￿ntInUe lo be a variable source of income to the Charity- The budget for 2022 shows a deficit of £171,550 (befo￿ any investment losses or gains) whith wll reduce hjrther the resoTV6S of th8 Charity in Ihe absence of legacy income, and the Trust Is continually looklng to increase the iftcome and reduce the likelihood ol a deficit being 1ncsJ￿ed thereby prolonging the Charivs ability to use reserve5 held for the furtherance of ils objects. The Trustees have cargfully considered the future plans for tho shelter. Allowing for the volalillty and un(*rtainty of legacy iriotme. an improved inc4Jme stream is essential. To this end work has been carried out in 2021 continuing to focus on more effective use of social madi8 and other internet-based forms of income generation. Page 9 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Plans for future period5 Icontinu8dl Fund$ h•ld a¥ custodian trusts• on behalf of oth•rs Neither the Chadty nor any of its Trustees acted as custodian Irusl8&5 or held propety on behalf of another chaiity during the year. Qualifying third party indemnity provisiijns The Trustees had all relevanl provis¢ons in place during the year. Post ba18nce sheet evenl Invasion of Ukraine and sanctions air4sI Russia On 24 February 2022 Russian forces invaded Ukraine, resulting in the United Kingdom and other Weslem Nations announcing the imF)osition of severe sanctions against Rl￿18 and Russian interests worfdw￿l8. RSPCA Raddiffe Shdter Tnjst does not operale in eilher Ukraine or Russia and no donors or Sup￿lerS are l¢)cated in either of these countries. The Board of Trustees, assessment of this highly tragic geopoliti¢al situation on the Charity is that it has nol been direcuy impacted. However, the effect of sanctions on commodity prices and greater global economic instabilty more generally may have an indirect impact on the Charity over the medium tom. The Board of Trustees will Ihergfoie continue to keop this situab'on under review. Stsiomant of Trustse8' responslbiliti The Twslees are resrx)nsible for preparing the Twstees, rewjrt and the financial statements in accordance wtth awicable law and UnFted Kingdom Accounting StsrKlards {United Kingdom Generally Accepted Accounting Practicel- The law applicable to charities in England & Wales requires the TTUSteg$ to prepar? financial statements 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 preparlng these financial slalements, Ihe Trustees are required to.. select suitable accounting policies and then appty them consistently., observe the methods and principles of the Charities SORP., mak8 judgements and accounting estimates that are ￿0$onable and prudent.. ststt whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements.. pr8pare the financial st*emonts on the going con¢em basis un19SS It is inappropriate lo presume that the Charity will continue in bLtsiness. The Trustees arg responsible for keoping proper 0¢￿ur+t1n9 records that are sufficient lo show and explain the charitys transactions and disclose with reasonable accuracy at any time the fin8rici81 position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, Ihe Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding th8 assets of the charity and hence for taking ieasonable steps for the prevention and detection of fraud and other irregltrlaribes. Page 10 RSPCA RADCLIFFE SHELTER TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Dl8closur• of inlomiation to auditor Each of the persons who are Trustees al the time when this trustees, report is approved has confim)ed that.. so far as the Trustees are aware. there Is no r8l$vanl audit information ol which the charitys auditor is unaware. and that Trustees have tsken all the steps that ought to have been tsken as Trustees In order to b8 aware of any relevant audit infomiation and to establish that the chariws auditor is aware of that information. Audltor The auditors, Mazars LLP, w711 be proposed for reappointment in accordance with section 48S of the Companies Act 2006. This report has been prepared in accordance with the Slalemenl of Recommended Practice {SORPI applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applic3bte in the UK and Republic of Ireland {Charities SORP IFRS102}1- Approved by order of the members of the board of Trustees and signed on their behaw by. Dovld Evans Trustee Date.. Page 11 RSPCA RADCUFFE SHELTER TRUST INDEPENDENT AUDITOR'S REPORT TO THE OF RSPCA RADCLIFFE SHELTER TRUST Oplnlon We have audited the financial ststements of RSPCA R81Jdrffe Shelter Trust Ithe 'Charity'l for the ye8r ended 31 Decomber 2021 which comprise of the Slalement of Financial Activities, the Balan￿ Sheet. the Ststement of Cash Flows and notes to the financlal stalemenls. including a summary of signifrant accounting policies. The financial repo￿.ng framework that has boen applied in their preparation 15 applicable law and United lfjngdom Accounting Stsndards. induding FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally A￿pted Accounting Practice}. In our opinion. the financid statements.. give a true and fair view of the stale of the Charity's 8ffaifS as at 31 December 2021 and of its incomg and expenditure for the year then ended., have been properfy prepa￿d in accordance with UnSled Klngdom Generally Accepted Accounting Practice,. and have been prepared in accordance with Ihe requirements of the Charities Acl 2011. Basis for opinion We conducted our aud51 In accordance w4th Intamalional Standards on Auditing IUKI IISAS IUKII and appllcable law. Our responsibilities under those standards are further described in the "Auditor's responsibilities for the audit of the financial ststements. section 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'3 Ethical Standard and we have ftjlfillgd our other ethical respOnsi￿lItieS in accordanco with these requirements. We believe Ih8t the audit evidence we have obtsined is SUffi￿ent and appropriate to provide a basis for our opinion. Concluslon$ relatlng to golng concern In auditing the financial statements, we have conduded that th6 Trustoes, us8 of the goiThJ concern basis of accounting in the preparabon of the financial slalements is appropriate. Based on the work we have performed, we have not identsfied any material uncertaints'es relatsng lo events or conditions that, individually or collectively, may cast significant doubt on the Charily s ability to continue as 8 going concern for a pericxj of al least Iwefve month5 from when the financial statements are authorised for issue. Our responsibilities the responsibilities of the Trustees. wth respect to going concem are described in the relevant sections of this report. Othar Inforniation The other infomiation comprises the infomiation included in the Trustees, Report, other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the Trustees. Report. Our opinion on the financial ststemenls does not cover the olher information and, excepl lo the extent othetwise explicitly ststed in our ￿pOrt. we do not express any fomi ol assurance Conclusion thereon. Page 12 RSPCA RADCLIFFE SHELTER TRUST INDEPENDENT AUDITOR'S REPORT TO THE OF RSPCA RADCLIFFE SHELTER TRUST Other infofmation Icontinuedl Our ￿SponsIbl￿1ty is lo read the other infomiation and, in doing so. cOnS￿er whether the other infomialion is materially inconsistent with the financial ststements or our knowledge obtained in the course of the audit, or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent Mate￿al misstatements, we are required lo determine whether there is a material misstslemenl in the financial statements or a material misstatement of the other infomiation. If, based on th$ work we have perfonned, we condude Ihat there is a material misstatement of this other infomiation, we are reqlfired to report that fact. Wo have nothing lo report in this regar¢J. Matters on which we arn roquired to report by exc•ptlon In 11ghl of the knowledge and understsnding of the Charity and ils envirorbment obtained in Ihe course of the audtt, we have nol identified matsrial misstat8m8nts in the Truslees. rep)rt. We have nothing to report in respect of the following matter5 in relation to whi¢h the Charities (Accounts and Reports) Regulations 2008 requires us to report to you rf. in our opinion.. the infomiation given in the financial ststemenls is inconsistent in ary material respect wrth the Trustees, Report., or suffi'cient accounling records have not been kepl-, or the financial statements are r￿1 in agreement with the accounting records: or we have not received all the informalton and explanations we require for our aud Responsibilttles of Trustees AS explalned more fully In the trustees, responsibilities slatement set out on page 10. the Trustees are responsible for the preparation of the financia5 ststements and for beino satisfied that they give a tnje and fair view. and for such intérnal control as the Trustees. is necessary to enable tha preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the fln8ntyal statements. the Trustees. ￿spOnSible for 8ssessing the chari￿s ability lo continue as a going concern, disclosing, as appllcaL4e, matters related to going concom and using the going concem basis of accounting unless the Trustees, either lo liquidate the Charity or lo cease operations, or Trustees, no realistic altemativè but to do so. Audltofs responslbllltles for the audlt of the flnan¢lal statsments We have been appointed as auditor under sectlon 144 of Ihe Charities Act 2011 and report in accordance wth the Act and rd8vant ￿gUlationS made or having effect the￿under. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whde are free from material misststement, whether due lo fraud or error, and to Issue an auditor's report that indudes our opiriion. Reasonable assurance is a high level of assuranc8 bul is not a guarantee that an audit conducted in accordance wth ISAS IUKI will always delecl a material misstatement when il exists. Misstatements can arise from fraud or e￿or and are considered material if, illk1ivi was to unre8tn.cled funds an¢J £3.96312020 - £3,961) was to restricted funds. 10. knalysis of expendlture by actlvltles Support costs Dlr•d ¢o$ts 2021 Total 2021 Total 2020 2021 Recaption, boarding and Ca￿ of stray animals 597,425 169,544 766,969 812,145 Total 2020 626.404 185.741 812,145 Page 27 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 11. Dlrect costs 2021 2020 Direct costs Wages and salaries National insurdn Depreciation 223.850 295,892 21,658 56.025 242,026 306,088 19.605 58,685 597,425 626,404 12. Support costs 2021 2020 Establishment costs General costs Wages and sataries Pension cost Depreciation 26.541 42,607 65.912 9,806 24,678 34,309 56.598 59,749 9,517 25,568 169,544 185,741 13. Governance Costs Unr￿trf¢ted funds 2021 Total funds 2021 Total funds 2020 Audit and accounting fee$ Legal and professional fees 9,300 1,320 9.300 1,320 7,000 954 Total 2021 10,620 10.620 7,954 Total 2020 7,954 7,954 Page 28 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14. Turnover The whole of the tumover is attributable to the reception. boarding and adoption of unwanted, losL starving. injured or diseased animals for the promotion of klndn6$$, and pr¢vontion or suppression of cnjelty to animals. Atl lumover arose wilhin the United lQngdom. 15. Nèt expendlturo for the year This is ststed after tharging: 2021 2020 Depreciation of tangible fixed assets Amortisalion of intsngible fixed assets Auditors, remuneration - audit Auditors, remuneration - financi81 slalemènl preparation opei8ling16ase rentals Employerfs conlribLrtion to defined contribution pension schemes 78,303 2.400 7,550 1,500 4,281 9.806 85,814 2.400 6.000 1,000 4,281 9,517 16. Staff costs 2021 2020 Wagas and salari8S Social security costs Contribution to defined contrtbution penslon schemes 361,804 21.658 9.806 365,837 19,605 9.517 393.268 394,959 The av8rage nUM￿r of persons employed by the Charity during the year was as fdlows.. 2021 No. 2020 No. Full time Part time 13 14 10 10 23 24 Page 29 RSPCA RADCUFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 16. Staff costs {¢ontinued) No employee received remuneration amounting to more than £60,000 in either year. The key management personnel of the Trust wmprise Ihg animal centre manager. Totsl remuneration including employers ￿nSIOn and nation81 insurance contribut10115 was £50,39512020- £47,981 }. The Twsl receives significant amounts of assistance in the form of vduntgering both by indivK1uals and corporate organisalions. Whilst this assistance is invaluable lo Trust, il is not poss¥ble to value in onelary terms the extent of this assistance and accordingly. the income and oxpendittjre is not included. 17. Trnstees. remuneration and èxpenses During the year. no Trustees received any remuneration or other benefits {2020- £NILI. During the year ended 31 December 2021. no Tnjstee expenses have been incJJrred12020- £NILI. 18. Taxation The Charity is exempl from on income and gains falling vthin section 505 of the Taxes Act 1988 or section 252 of the Taxatson of Chargeablo Gains Act 1992 to the 8Xtent that Ihe$a ar& applied to its charitable obj'ects. 19. Intanglble ass•ts Websitè Cost At 1 January 2021 12,000 At 31 December 2021 12.000 Amortisation At 1 January 2021 Charge for the year 7,200 2,400 At 31 December 2021 9.600 Net book value Al 31 December2021 2,400 At 31 December 2020 4.81)0 Page 30 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Tangible fixed assets Fr•ehold Fixtures and property f￿1￿98 Computer equlpment Total Cost or valuation At 1 January 2021 Additions Disposals 2,801,225 140,008 3,506 18,186 2,959.419 3,506 (64,689) {64,689) At 31 December 2021 2,736,536 143,514 18.186 2.898,236 Depreciation At 1 January 2021 Charge for tha y8ar On disposals 478.388 56.024 114,0921 67,636 18,643 11.178 557,202 78.303 114,0921 At 31 December 2021 520,320 86,279 14,814 621,413 Net book value At 31 Dec6mber 2021 2,216.216 57,235 3.372 2.276.823 At 31 December 2020 2.322,837 72,372 2,402.217 Page 31 RSPCA RADCUFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 21. Fixed asset Investments List¢d Inv¢8tment$ Cost or valuation At l January 2021 Additions Disposals Gain on investments 1,164,876 32,608 136,1651 124,980 At 31 December 2021 1,286,299 The historical cost of the investments 15 £1,037.818 {2020- £1.032.9601. Stocks 2021 2020 Finished goods and goods for r8sale 6,354 4,792 23. Debtors 2021 2020 Out within ono year Trade dobtors other debtors Prepayments and accrued incom8 VAT recoverable Tax recoverable 36,913 220 28,383 79,818 65,271 10,224 9,977 14,783 131,734 114,286 24. Cuttont assot Invostments 2021 2020 Cash on deposit in￿StMents 37,038 44,109 Page 32 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2021 Creditors: Amounts falling due wlthln one year 2021 2020 Trade creditors 13,458 10,303 5,881 14.786 9,379 5,9C6 1.874 11,658 Other taxation and Social security Other creditors Accruals and deferred income 44.428 28,817 26. Financlal instruments 2021 2020 Finan¢ial as8*ts Financial asse15 measured at fair value through income and expendiiure 1,286,299 1.164.876 Financial assets measured at fair value through income and expend41ure comprise long term investments. Page 33 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 27. ststement of funds Statement of fund$ - curr•nt yoar Balance at 31 Balance at 1 January 2021 Gainsl (Losses) December 2021 Income Expendlture D•8Égnated fund$ Re5eTves lo wer Iluctualions in income 1,200,000 1,200,000 G•n•r•l funds General funds 2,558,037 676,044 1787.4631 124,980 2,571,598 Totsl UnreJtrictod fvnds 3,758,037 676,044 1787,4631 124,980 3,771,598 Restricted fjxed assat fvnd5 Restricled fixed asset fvnds 224,913 13,9631 220,950 Total of funds 3,982.950 676.044 1791.4261 124,980 3,992,548 The restricted fixed asset fund relates to the ￿bUIld project which look place in 2013, the animal ambulances which were also purchased in 2013 and monies in relation to the new veterinary facilities in 2019, treatment room and naw cattory. The designated fund was set up to cover Iluctualions in voluntary income {e.g. legadesl in future periods. Page 34 RSPCA RAOCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Statemenl of funds Icontlnuedl Statsment of fvnds - pr+or year Balanco at 31 Ga1ft￿ December (Losses) 2020 Balanco at 1 January 2020 In¢omg Expgndlture Dg$lgnated funds Reserves to cover fluctuations in income 1.200,000 1.200.000 Gomral fund$ General funds 2.716,681 668,275 1831,6041 4.685 2.558,037 Total Unmtricted funds 3,916,681 668,275 1831,6041 4,685 3,758.037 Rostrfcted fixed a$$et funds Restricted fixed asset funds 192,258 36,616 {3,9611 224.913 Total of funds 4.108.939 704,891 1835.565} 4.685 3,982,950 28. Analysis of net assots betwoon funds Analysls of net assets between funds- current yoar Restricted fixed asset Unrestrlcted funds funds 2021 2021 Total funds 2021 Tangibie fixed assets Inlangibte fixed assets Fixed assat inv8Stmènts 220,950 2.055,873 2,4 1.286,299 471.454 144,4281 2.276.823 2.400 1.286.299 471,454 144.4281 Current assets Creditors due wilhin one year Total 220.950 3,771,598 3,992,548 Page 35 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 28. Analy8ls of net a$$ets betwgon funds Icontlnuod) Analysis of net assets botween funds- prlor year Restrictad fixed asset Unrestrlcted funds lunds 2020 2020 Total funds 2020 Tangible fixed assets Intangible fixed assets Fixed asset investments Cuffenl assets CreditOTS due within one year 224,913 2,177,304 4,800 1,164.876 439.874 128,817) 2,402,217 4.800 1,164.876 439,874 128.817) Total 224,913 3,758,037 3,982,950 Roconciliation of n?t movoment Sn funds to ngt Cash flow from 0￿ratIng activities 2021 2020 Nel incomelaxp8nditure for the year las p8r Statement of Finawal Aclivitiesl 9,598 1125,9891 Adjustmènts for: Depreciation charges Amortisation charges Gains on investments Dividends, interests and rents from investments Loss on the sale of fixed assets {Decreasel1ln￿ase in stocks (Increaseydecrease in debtors lllcreasejldecreasel in creditors Impaimient of fixed assets 78,303 2,400 1124,9801 133,6421 50,597 {1,562} 117,4481 15,611 85,814 2.400 14,6851 {31,210) 47,210 4,878 14.757 {41.726) 33,554 Not cash (us•d Inyprovidod by operating activities 121.123) {14,997) Page 36 RSPCA RADCUFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 alysls of cash and cash oqulvalents 2021 2020 Cash in hand Notice deposits (less than 3 months) 296,328 37,038 276,687 44.109 Total cash and ¢a$h ¢qulvalents 333,366 320,796 31. Analysis of cknangos in nat debt At31 December 2021 January 2021 Cash flows Cash at bank and in hand 276,687 44.109 19,641 17.0711 296,328 37.038 Cash eqLtivalents 320,796 12.570 333,366 32. Penslon commltments The pension cost charge rep￿sents conlribultons payable by the Charity lo a separately independently administered fund and amounted lo £9,80612020- £9,517). A total of £5,881 in contributions were outstanding al the balance sheet date (2020- £1,874). 33. Operatlng lea8e commltments At 31 December 2021 the Charity had commitments to make future minimum lease paym8nts under non- cancellable operating leases as follows.. 2021 2020 Not later than 1 year Laler Ihan 1 year and not later than 5 years 2,930 3,292 4.281 6.141 6.222 10,422 Page 37 RSPCA RADCLIFFE SHELTER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Related party transactions David Evans who is a Trustee of RSPCA Raddiffe Shelter Trust is also a Truslee of RSPCA Nottinghamshire East. During the year RSPCA Radeliffe Shélter Tnjst charged RSPCA Nottinghamshlre East £3,988 12020 - £4,634) for vets fees and contributions for animals brought in from the branch. Al 31 December 2021 and amount of £3,98812020 - £4,634) was iiwed by RSPCA Nottingham East. During the year, David Evans who is a Trustee of RSPCA Radcliffe Shelter Trust paid £252 {2020- £174) for veterinary treatment. There were no balances outstanding at the year end. Duriro th8 year, Roy Taylor who is a Trustee of RSPCA Radcliffe Shelter Trust paid £Nil12020 - £3621 lor veterinary Irealmenl. There were no balarsces outstanding at the year end. 35. Post balance sheet events Invasion ol Ukraine and sanctions 8 ainst Russia On 24 Febnjary 2022 Rus￿an forces invaded Ukraine, resulting in the United Kingdom and other Western Nations announcing the imposition of severe sanctions against Russia and Russian interests worldwide. RSPCA Raddiffe Shelter Tnjst does not operate in either Ukraine or Russia and no donoTS or suppliers are located in either of these countries. The Board of Trustees. assessment of this highly tragic geopolilkal situation ￿ the Charity is that it has not been directly impacted. However. the effect of sanctsons on Comm￿ltY Pri￿ and g￿ater global economic instability more generally may have an indirect impact on thè Chartty over tha medium lem). The Board of Trustees will therefore continue lo kegp this ￿tUatiOn (Jnder review. Page 38