REGISTERED CHARifY NUMBEIL" 503759 REPORT OFTHE TRUSTEES AP40 FINANCIAL STATEMENt5 FOR THE YEAR EhlDED 31 DECEMBER 2023 FOR RSPCA RAOCUFFE SHELTER TRusr l)uncan & Topli5 Audtt Limited. Ststutory Auditor 3 Princes Court Royal Way Loughtx)rough LeicesterslM"re LEII 5XR
FOR THE YEAR ENDED 31 DECEMBER 2023 I to 9 10 to 12 14 15 16 17 to 27
REPORT OF THETRUSfEES FOR THE YEAR ENDED 31 DECEMBER 2023 drity} for the ended 31 December 2023. The Tnjstees confimi that the Annual reprfft and fina131 stements of the tharity comply with the current statutory reqLFirements, the qUIrementS of the charitys governing document and the provisions of the Statement of Recornmend Practice applicdlAe to charities preparing their accounts in accordan wsth the Finants31 Reporting Stdard ap in th2 UK and Republic of IrelaThl.{FR51021 leffecti4E l January 20191. End of Y&ir Rebiew 2023 I) 70 (ase animab remaird in wr Ca throUghrt 2023. Al[h a5Frwa to ensurE these animals reCepd the very best standards of care and weffare. it has presented challenges of managing rntake of new animals.Rea5suringty our rehoming reputation remained strong eraoEEh to enable a swift turrer of available animals. would be abandoned and the legal pro¢e55es that must be followed. ye3rs carrying out and supporting many fundraising activities. The Tnjstees would like to sincerely thank Roy for all his backin8 and enwagennL We also welcomed our new Trustee Steve Buckman, a retired archrtect whose professional skills will be invaluable as we consider the FA)tential r&acemeFrt of kennels wtthin our fLrturÈ plan& The pruspect of moving to 3 Charitable Incorporated Organisation gathered momentum and we are close to achieving this goal. The Trustees have been e5&Ialty d41igent in en51Jring the legal documentati( ts fit for purrK)se and 15 Sustainable to 5afe8uard actrrties and future s5 of the animal centre. We k¥)k forward to the enhatKed ability ao sLitus will brm& ¥rtKh will allry4rf us to recruit further professionals and increase the diversity within our Trustee Board. Income generation continues to be challenging amKtst cQst-of4rw pressures. Erthiraging siipport throu8h (h)rRt)ns leg is. as always, high priority- Str3te8les 3rÈ r@vi@wÈd regu5arly. 311owing us to èdèpt and maintain a proactive approach to our fundra1s1 cytle. Hhl8htwg our work aTKI lrKJent ststus as a TrSt is key to ensuri contin1 supp)rt frorn e51[8 donors. Our outreach work ts deveEoping all the time and aChIng a wi15er audience. A variety of corpolate bus1TSseS joined u5 team building Yo6unteer days, and we are conductirt8 more edatnal visits than ever wth schl5 and colleges across Nottinglk4mshire. Feedback from this work has been excellen¢ enabli1 us to confidently and continually evdve. apprentKe5hip5 With distinctions. allows us to fill Npcancies when they arise wTrth a I1.traind, reliable 3fKI experierKed Ella Carpenter, Centre manr. was awarded BrorKh Winner in tt (3tegory of K5PCA (kgaThsational Effecti¥erw. Ella v435 also avrarded her M5r in ainical Animal Behaviour and conferred with a Doctor of Laws from Nottingham UnpMsity in recogniti ofthe educatgonal work the centre doe5 wrih veterinary students ofthe Uni¥erw. The centre is proud to be a recognised establishment by the National Society and a number of extemal bodies as an example of our excellent facilities and practtse. We VMII continue to buikl on our SLKcess, delivering the best animal welfare Servi p)wble. in As prsty smed. the Centre has had a Lirge number of dLV awaiting decisi(y)s ty the courts. This restrthd the number of dog5 whach we can take in and subsequentty rehome. However, cat rehoming and rabbit rehomin8 have held up wèll. Tr wmbers 2023 a IW 127. Cats 441 and Rablits 39 Page I
REPORT OF THE TRilStEE5 OBJECTIVES AND ACTIVITIES The Tntst operntes within a natFcuI pursuing the same obiecbves as the Rcrya Society for the Prevention Crudty to Animals. Whilst beirÉ a self.funding independent charity. the Trust operate5 UtTrE a isyd by tt N1Cl lety of the RSPC4 and as such the Trust adheres to the animal welfare policies of the RSPCA. In Settl tiectives and planning for activities. the TteeS ha4t given due consideratii)n to geneTal guidance published by the Charity Commi55ion relating to public benefrt. In particular. the Tnjstees consider how planned activities will contribute to the aim The animal accommodation can house PJJ dogs. 77 cats and 10 rabbits. Animals of a domestic nature are offered for ad(ytion to sultate mèmbers of the pubk. The Shelter not norn1 care for Wbkl animals: these animals are passed (XTtQ specialist arers. Provided spate ts av341able, no animal ts ever turned away from the Shetter. where they can be assured of dean, well maintsined accommodation. will be well fed. will be provided with veterinary care, arbd where they will be ILwJked after by dedtited strff of ar(M)l 25 people and re8ukr volunteers. No anim are euthanised unless unsuitable for rehom1 due to health or be1th1[al problems could comwomise bong tem welfare ofthe animal or Fwyae a public safetyrÉsk AnAnals are pEad in the care of Radd[ Shelter member5 of the puL4ic. Icol RSPCA Branthe5 and by the &yuetVs own All Staff attend regular appropriate training courses indurfire NVQ qualifications. Specialist courses for martagef5 and supervisors and also dog behawoural training a included. Wrth this in mind we strive to achieve the best care and the best resuks for animals n our care. As a major source of income is prowded by legaThe5 from our donor5. additional efft)rt will be rnade to make our need for these FINANOAL REVIEW Total incoming resour for the year were £674,050 (2022: £553,183). Itdi lega of £86.37112022: £168,020). Expwiditu was £785,988 {2022.. £703,306). Net gains on investments totalled £36.83312022: Loss £132,0821, resulting in a net loss for the year 1£75,10512022: Lots £282205) The 2023 budget allowed for incoming resources of £524,950, and expenditure of £809,100. with a net budgeted deficit of InveStnt poliry and perforniance The employs Brewin tk)Iphin to manage all investments on a (fiscretionary basi> Brewin Dolphin will manage the thrOh making investments on a low to medium risk ba$. investrnent purchases and sales are notifted by Brewin Ddphin to the Trustees and the Trustees have online reporting access to the portfolio. The fund made a net Gain of £36.83312022.. L05s£132.082). Page 2
REpoKf OF THE TRUSTEES FOR THE YEAR ENt)ED 31 DECEMBER2023 At the end of the year, theTrust held an accumulated fund of E3,635,23812022.' £3,710,343). .The Trust holds reSerS in der that le%ls of service provrded for animal Welfa may be maintned should there be a reduLtK)n in I)ming rvA>urce& Thrs should be equivalent to 12.18 nrth5 eXditUre. -Reserve5 in thts context shoukl mean funds that are freth wdilaL4e IK)r the Trus¥s general after all commitments h The Trustees therefore agree that tanble fixed assets such as pyoperty and equ1w1( tcwher with any restricted fijnds. shoukl be eXd•ed from the calculation of general resep4e5. 2022 Totsl resetves Le55: Tarible fixed assets Less= Intangible fixed assets 3,635.238 3,710.343 11203.603} {2,219.426) 12001 1.431.635 I.4,717 The TrusL therefore, some £1,431,635 121Y22: £I,4),717) in apilable fund5 at the year end. This rewesents èpkYoM 20.5 months expenditure, based on 2023 leve15 of expenditu 12022.. 25.4 monthsl. This level of reserves exceeds the Trustees desired raFV of 12.18 nx¥rt Included within the fixed a55etstotal above is £223,70112022: £217,550I of restricted funds. 2023 2022 Cash in hand 131.693 25.124 174,357 30.857 156.817 205,214 There are no other matters of syitsnce to rpt*)TL were no de$ to duri 2023. nor are aFry tharys planned for 2024. The financial statements have been prepared on a going concem basis as thè Trustees believe that there are known, reasonably foreseeable. cornlit1 or events. Ixesent or firture. that raise any substantlal th)ubt atx)ut the Trust's abilFty to continue as a 8(Mng concem. The Trustees have £on5idered the le1 of funds hehl. and the exp&ted level of income expenditure for the next 12 months, together th that of 2025. and the budgeted incorne and expendrture is suffictent, with the level of reserves. forthe Trust to be able to continue as a going ccrtem. Page 3
REPORTOF THE TRUSTEES PLANS FOR FUTURE PERIODS Lirge scale de¥eloprnt of wr hOrnin& education and veterinaryfacilitie5 were completed in 2019. Before any large scale fLrture can the true costs of running the Centre need to be estabiished. A"rrnal. year of itKome and expenditure has not yet been seen. mainty beCa¥e of the hi numbers of our lare awaibng Court deo"sions and the cost of living crisi The main target for 2024 is the achiement of Cto ststuswhith allowthe increase inTrustee numbers turrentfy IHnited tofive. from legaoes wtll continue to be a variatAe sr¢e ot income to the Charity. The IMxet for 2024 shows a dthit of £298,350 Ibefore any in%estinent 105ses or gains) which will reduce further the reserves of The TTU5t is continualPrf iookirE to increase the income and reduce tt rthe1th of a defrit btirg InrTed the Charitrfs alylityto Use reserves held for the furtherance of its obie The Tnee$ carefijlfy consKlered thefuture plans forthe shelter. Allowing for the volatility and uncertainty of legacy it)come, an improved income stream 15 essential. Gtwemin8 document The tharrty is controlled by itsgoNtmingdcurnert a deed of trust and corItuteS an unlted charity. stsrvin& injured or diseased animals, for tl prom()t of knndness, and preventi or suppression of c¥t0 animals. The t is an Untncorrated trust. constitLrted under a tst deed dated 26 September 1973. and amended by agreements dated 30 December 1991. 13 December 1993 and 16 May 1934. althou8h the power to èp1ttheM rpmains with the National RSPC4 Board. Each apFKJintment is fcy a term Of[ryear% Page 4
REPO1 OF THE TRIISTEES FOR THE YEAR Ef4DED 31 DECEMBER The trustees who 5efved duringthe year were:. . David Carter - Svzie Etridge . David Evans - RovTay (to 28 February 20231 Michael Tomlinso - Stephen Buckman (from 22 March 20231 At the date of signing these accounts the Trustees were as follows". . Stefv Bucknnan {from 22 Marth 20231 - David Carter - Suzie Etrid8e - David Evans . m1er Tomlinson Commrttee for the Shetter. Jt has been agreed that the role of the Mana8ement Commiitee be suspended, and rep by a fill meets"Thd ofthe TrLtstees on 3 ttMthfy basi& Day to day administrats.on ofthe animal shetter is dewed to the Animal Centre Manager. Emknes are ¢SUIted cffi ssues of ¢¢n to them means of regular staff meetirlgs ar are kept inf0rrd directy by the management, on speofic matter5. There is a full prarne of regular5tsff trainin8 for NVQand other training prcyammes. set of the Trust Deed and attached ageMents. together with a copy of the previou5 year's audited accounts. These are then later di5aSe in a one to one meetrng. Anyfurther trasn1 required is C(51dered at the appropriote time. For new Trustee5, attention is drawn to the Charity Commission document Yhe essential trustee: what you need to know, what u need to do ICC31" Pay Poficy forsenior Staff RemuneratK)ll and beneffts of all the chanty's personnel linduding the key rnanagernent pers{ne1) are set in kne with other comparable large animal reh(xning centres and take into ac£ount the levd of &4ills and expef1ee required. re5Flsbir giv. and the rate of inflation. In particular. reference wtll be made to the m05t recent salary surveys and salaries paid by other local charrts in the same field and of equNalent sr. The Centre Managerfs 1 of remuneration is set and agreed by the Trustees. all Should the post of Centre Manager becom wacant it wiu be thrwhout the RSPCA and extwnalty via the Trust's All the trustees give fredy of thwr time, and rrf) trustee re¢ei¥Ed remunernts.on for thebr work for the charity in the year. other than Page 5
Principal Risks and Uncertainties Wortd e¥ents still impact the Investments held by the Trust. To ensure best a(knce, Brewin th)Iphin are employed as our professional advisers to rnitl8ate any1055 of investment value. On a workl sw gkthl 8rowth forecasts continued to be taken lthver with the impart on InstM belng COnsKIw the Trustees. A lary number of 3nirnals have been taken into the Centre as a result of enforcement xtion by the NatKmal Society's Inspectorate. These animals cannot be rehomed until the judicial proceedings are completed, sometimes taking in excess of eighteen months. This leats to a 5i8nifKant drop in animals available for rehoming and a sub5eouent decrpa5e in adopt fees thT(wgh 2023. To maximise adoption5, the Trust must ensure that it is at forefront of adopter'5 minds as opposed to any of our competttors. Injury to meMb0fthe Public or Staff Atl Health and Safety risk assessments and training is in place to reduce any potential occurrence. All essential IT systems have now been moved to "cloud" service providers who are re5pon5ible for the security and availability of the Trust's inf0mti(m.Th1S fe5tnKturE has prfO1red well through 2023. In additM)n to thts. The Trust continues to contract profe55ronal tT wpwrt company to ensure continuity of ser¥e. With the rapid advance of technokn. we w411 maintain effort5 totake advantage of th advancement and reduce costs Whi providin8 8 more effective service. No further large Scale projetts are currently aTrned, altho1 over the next few years the refurbishment of the kennels bs Still undercon5Kleration. Adoptkn> olAnlmals to have lon8er lasting advartaBe5 to the running of the Centre. The rneth¢ tn whith we Tphome anirna15 Contin to be aFpraised. We are Continuing to see knimals need• to st8y longer as those animals brought into LES by Inspectors are often those needing eterinary treatment and extensive rehabilltsti. The average (c per antmal ha5 therefoTe ¢Lmtinued to rise in terms of ting costs and provision of treatment. U5 are tie1 5ucce55fv1ty TEhoft. With this in mFnd 3dopti(m incis decre35ed. The animal centre has continued to provide SUprt to the national society, the veterinary industry and the general public by provKlin8 a ne4rtering servi{ to l$l wrth a wtential kÉtten uisi5. For some ot the gra1 put1¢ xcess to terinary seThice5 ¥11 pose$ 3 problem. The Centre tr3ins its 3pprentKes and therefore it is Tr)t that s(r(Ing apprwith pers(Yhnel WIH be a probtem. Page 6
REpoirr OF THE TRUFtEES FOR THE YEAR ENDED 31 DECEMBER 2023 As the Twst has no area allocated to rt by the National RSPCA, traditional fundraising activities e.8. flag days. door to door ccdlertions are not available to theTrusL Ourfocus therefore is to encourage donors to donate directlyto theTrust. Radcliffe Shelter Trust is a self-funding organisation. the charity, t5 trained and inducted on the expectations as set out in the code of prartice. We comply with all the GDPR legal reqU1ments regarding donor5, or fundrdisers. personal data. No third-parry organisatiOll5 IK conwltants were used fry hJrK15 for the charity. There have been rKtr iyeth or C(Knaints rereNed th the applicatK>n ofthis ccKle and GDPR regulatw5 tn the reporting period. In the past donors could have left a leg to the WCA ?th the eXpertatk that some of these fvnds would filter down to the Trust. We continue to make information available to ensure the general pubtic a aware that the Trust is an independent dwity relying entirely on donations made direcdy to the Trust_ It Is difficult to a£curately assess if this has led to an increase in le8acy The Trust reteives significant amounts of assistance in the form of Volunteeri both by individuals and corporate organatIonS for which we are extremth grateful. We are grateful for the involvet of our volunteers and suprrt)rter& VhTrFst this assistan is invaluable to the Trust, it is not P055ible to value in monetary tern the extent of thi5 aSYstan arKI accordin8ty, the tangib irKome is not induded. The statement of Financial Actmtses for the year is set Olrt on page 13 of the financial statements. A 5urnmary ofthe finaal results arKI the work ofthe Charity is setout bebw. ThÈ Olity'S total income bnueased 22%frorn £553.183 in 2022 to £674J151 in the year ermled 31 t)eMber2023. Donati and gifts recei¥d during the amounted to £110.951 cCrfr to £82,414 recevled durir¥ 2022 •)d shows legary income in CoMp15t to 2022. The Charitys financjat SLitery f( the year ilUde legy Ioe of £86.371 received during 2023 compared to £168,020 reIved during 2022. In 2023, geS to the Tfust fell short of Ethget exptil The Twu5tees are aware that we canrttx deperKI on leg and have built a tSirsS pkn on that basis. Charitable expendtture in relati to the reception. boardire and care of animals at a c05t of £765.86312022 . £.918) corti to be a s1nt part ofthe Charit¢s eXrtUre. The Tee5 have cowthT&J the mapr risks to wknKh the tharity is exposed and revhewed trmyse risk$ ar estaL4£shed Systems and procedure5 to rnanage those rrsks. The Trust has a low to medium risk return poliry on its in¥estrnent portFolio. The investments are managed by Bre4Yin L)cdphin. The management of the rthFolio is C the basis of regujaticms detaikd in the RSPCA 503759 Page 7
FOR THE YEAR ENDED 31 DECEMBER 2023 32 Nottingham Road Raddrffe {Trent Nottinghamshire NG12 2DW Trustee5 S Buckman {appoirrted 22.323) D Carter S Etridge D Evans R T (reY8d 28.2231 M Tomlinson Duncan & Toplis Audit knmited, Statutory Auditor Royal Way Loughborough LwcesteF5hire LEII 5XR ud5 Bank PIC Old Market Square Nottingham Notts"nghamshire NGI 6FD Brewin Dolphin 1st Fkw8ttrfr0nt House Waterfront Pla2a 33 Ststion Street NG23DQ Ella Carpenter, Animal Centre Manager The trustees are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable w and United Xingdom Accounting Standards Iunited Kingdom GeneraltyAccepted CntIng Prarticel. The law applicable to charities in England and W3le5, the Charitres Art 2011, Charity IAccounts and Reports) Regulations 2CI)8 and the KYtr4isths of the trust deed requi the Inlee5 to FYep3re finala1 ststements for each financial which gNe a t èrKI fair wew of the state of affaiT5 of the charity and of the incoming Te50urces and aOicatK>n of $lr, iN1udi the income and expenditure, of the charity for that period. In preparin8 those financlal statements, the trustees are reouifed to seth suitat4e accounting policies and then aWythem consistently: obseThe the methods and principles in the Charity SORP,. makeiudgements aThJ estirnates that are r&isonable and wlrt" in the financial statements. financial position of the charity and to enable them to ensure that the financia5 statements ccmrply wtth Chartties Act 201L the Charity IAccounts and Reportsl Regulations 2(M)8 and the provIon5 of the trust deed. They are also responble for safeguarding the assets of the charTty and hetKe for tak4t reasonable steps the preventi and deteCtIc of fra1 and other irregutarttie Page 8
REPORTOF THE TRusfEES Approved by order ofthe board of tnjstees on l August 2024 and Sigrd on its behalfty. D Evans. Trustee Page 9
REPORT OF THE INDEPENDEp AUDrroRS TOTHE TRUSTEES OF RSPCA RAÉ)CLIFF£ SHELTER TRUST Op5nlon We habT audited the finanrial stemÈnts of 11SPC4 Radd1f Trust {the 'charilVI for the year ended 31 December 2023 whith tomprse the Ststement of Financial ACtit, the Balan Sheet. the Cash Flow Statement and notes to the financial ststements. including a Summary of Significant actounting polities. The financial reporting framework that has been applied in their preparation 15 applicab law 3fKI Untted Kingdom Accounting Standards {United Kingdom Generally Accepted kcounting Practice}. In our opinion the financial statements.. gple a true and fair view of the state of the chartys affaits as at 31 Decemtrr 2023 and of its incomirvd reY)r aTh a1(atiOn of resource5, forthe year then ended: have been properly prepared in accordance with United Kingdom Generally Acceptèd Accounting Practice.. and have been prepared in accordan with the requirements of the Charlties P£t 2011. Basis lor opinion We conducted our authr in acc¢)rdance with Intem3tional Standards on Auditi IUKI lIS {UK)l and appltitAe law. Our responsibilit under those standard5 are fvrther described in the Auditors. iespon5ibilttiÈs for the audÉt of the finanaal statements settion of our report. We are independent of the charsty in accordan£e with the ethical requirements that are relevant to (¥Jr audit of the financial ststerneFrt5 in the UL includN¥ the FRCS Ethic31 StsTKlaFd. al we have fulfilled our other ethical reswnsiknlrties in accordan these requirements. We believe that the audit e4iderKe we have obtained is sufficient and appropriate to wovide a bassfor T opinion. In auditr the finarKial ststements. we have coKluded that the trustees, use of the going corKem basis of a¢c(wntirg in the Based on the work we have perfOrnd. we have not tdentified any material unrtaInt5 relating to events or condition5 that. individualfy or collectively, may cast &gnificant doubt on the chartty's abiltty to continue as a going coKem for a peri¢l of at least twelve months from when the financial statements a authofised for issue. Our reSpOnbIlItieS and the respobIlItieS of the trustees with respect to going corThn are deScrild in the rethnt sections of this rert. The trustees are re5pongble for the othèr itrformation. The other Infomiat0n comprses the informatK)n InckKI in Annual Ret, other than the financial statements and Thjr Report ofthe Independent Auditors thereon. Ovr opinion ¢)n the financial statements thes rnt cover the other Informati and. ept to the extent otherwise expkitty stated In our report. we do not express anyform ofassurance (lUSion reOn. In Cotr wtth our audit of the financtal statement4 our reS[nSibl1{ty is to read the other inftYmatTh arKI, in &)ing so, consider whether the other infomiot*)n materialty inconsistent with the finanaal 5tstements or our knovAedge obtalned in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether thi5 grves rise to a material mstateMent in the finaEKial statemeF themsels. If, based on the wcyk we have perf(, we conclude that there is a material mt55tatement of this other infomiatKffi. we are quired to report that fact. We have nothing to report in this regard. We have nothin8 to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to reF4)rt to rf, in (wr opini()n: the information given in the Report of theTnthes is In(x51Stent in any material respect with financial statern: L sufficient accounting records have not been kept,. or the finan(ial Statements are not in agreement with the accounting recwdsand tM5. or we have not recesved all the informatic and explanatiorr5 we rewire for Ixjr audtt. As explained more fulty in the Trusiees, Re¥SIbilitieS Statement. the trustees a resrM)nsible for the Fwaration of the financial Statefnents which give a true and fair view, and for 5u¢h interr441 control as the trustees determine is necessary to enable the In preparing the financial statements. the trustees are responsible ft)r 355e55ing the charity's ability to continue as a going toncem. (rtsdw a5 applFC3b. matters related to going u>ncem USI the going COEKem ba9s of unless trustees either intend to liquidate the charFtyorto cease ijperatiort5, or have rx) reali5ts¢ altematNe todo so. Page 10
REPORT OFTHE INDEPENDENT AUDrroRSTOTHE TRUSTEES OF We have been appointed as auditor5 under Section 144 of the charItS Act 2011 and report in aCc(ffdan with the Act and relevant regulatK¥llS made w having elfertthereunder. Our objettives are to obtain reasonable asran about whether the financial statements as a whole are free from materral misstatement. whether due to fraud or error. and to issue a Reprt of the Independent Auditors that includes our oynion. Rea$able assurance 15 a level of a55urance. but 15 rwjt a guarwrt& that an audrt condurted in acC&Te 1&4s {UKI will Iways detect a material misstatement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could rea50nabty be expected to influence the economic dectsJns of user5 taken on the basis of these financiat sLitemen The extent to whith our prrKedures are cap3te of detecti IrregularitS, indudirrf fraud is detsiled below: We have identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statents from our general cofflmertial experience, knowledge of the sector, a review of regulatory and iegal cOrresnder aTrJ thrO&h dWAssi5 with Trnstees and other key management obtained as part of required ty auditi starthrds. We have a150 discussed with the Trustees and other key management the policies and pr¢xedures relating to compliance with laws and regu&tM)rts. We communicated laws and regulations through(vJt tt team and remaned alert to any iThlications of [lAnCe thrOLe1K the alrt. The wtential irnpKt ofdFfferert laws and regulations waries considerablv. Firstly. the chaiity is subject to laws and regulaiions that directly impact the financial StateMts (for exam finarKial rep)rti le8is¢ationl and we have a55essed the extent of compliance such law5 as part of our financial statements audFL We eydluated management's incentives and opportunities for fraudulent manipulation of the financial statements lindudin8 risk of override of contro151 and detemined that the prinapal risks were related to managemerrt tlas in cOUnting estimates and judgemental area5 of the financial statemerits such as the deplatIOn charge. as well as the risk of inapwowate Journal entiies to manipulate rekKJrted surplus1deflL Audit prdureS performed by the engagement team included the Identification and testing of unusual material journal entries and challengFng managemerrt on key estimates. assumptions arTrd judgements made Trn the wepa1atit of the financial staternents. We carried out detsiled substantwe tests on rnatenal accounting estimates, including rewewing the meth($ and data used by management to make those estimates. rtrperforming the cakulation and viewIng the outcome of Second. the tharity is subjett to other laws and regulations ¥rte the cOnseque for non-complian could hh¥e a materlal effett on the amcHJnts or disdosures in the financial statemerrt5. We thntified the followÉng areas as those most likeky to have Sh an effett.. Animal Welfare Act 26. Safeguarding and Health and Safety regulattons, Emthment law5 and Fundrdi5ing regulatior. The drity is subj'ect to regular interrial and external audits to ensure com13nCe wtth these areas. Audtting standards IiTnit the required audit procedures to identify noTrcompliance with these laws and re8ulation5 to enquiry of the Trustees and other key management and insFiection. Tht5 in5pectThl MKluded 8 review of the external audits condLKted 1n tt year any emdence of nc*t-urnplk?nce. reading minute5 OF meeting5 of those tharged with 8o¥ernance. in additi1 to an a$5essment of the charity'5 formal Ti5k a55e55ment. Through these procedures, rf we became aware of any non-compliance, we considered the impart on the edu perf0fftd on the related financial statement item5. Owing to the inherent limitstions of an audit, there Is an unavoidable risk that we may not have detected some material misslatements in the financial statemerrts. even ttM)ugh we have propeth planned and perforn)ed our audfc in acccffdarKe with aUdrtI standards. The further removed nr)n-mpliance with laws and regulations is from the events and transacttons refierted in the financial statements, the le55 likely the Trnherently limited procedures required by auditing standards would identify it. As wf(h ary audiL there is a greater risk of non-detertion of irregulartknes as these may rn¥ol¥e collusion. Intential omis51r of the non-compliance with all laws and regulètions. A further description of our pSIbil[lieS fi)r the audit of the finanaal statements 15 located on the Financial ReF4Jrting CT5 website at www.frc.org.ukJa¢Jditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Pa8e 11
IIEpoRfoF ThE INDEPENDENT AUIXTOILSTO THE TRUSTEES OF FfAICA RADalFFE SHELTER TRUST This re[rt is made srAely to the tharity's trustees, as a body. in attor(Jance with Part 4 of the ch1$ Ikcourrts and Rep)rts} Regulati$ 2LI)8. Our audit work ha5 been uftdertaken 50 that we might 5tste to the charity's trFJ5tees those matters we a required to State to thern in an auditcffs, rewt and for no other pur[. To the fullest extent pemiitted by law, we do not accept or a55UTne responsibility to anyone other than the Cha and the chariWs trustees as a boty. for our audit work, for thi5 report. or Duncan &Toplis Audit Limited, Statutory Auditor 3 Prbn Crt Rryal Wav Loughborough LeKestef5hire LEII 5XR 13 A$t 2024 Audit Limil&J is elJSe lo •# as aLKlilor in tefrrs ol ser#th 1212 ofthe ceS Act 2(¥. Page 12
ATEMENT OF FINANCIAL AcnwllES FOR THEYEAR EP4DED 31 DECEMBER 2023 2023 Totsl 2022 Unrestricted fvnd funds fund5 Notes Donations and legacies 184.508 12.813 197,321 250,434 Reception. boarding and care of Stray animals 375.123 375.123 215,097 15.417 Other trading artivities Investment income Other income 17,677 37,856 23,073 17,677 37.856 23,073 15.645 34.241 22.349 661,237 12.813 674J)50 553.183 Raistng funds 19.914 19.914 12.388 io Reception, boarding caro of strayanimals 759201 765.863 1.918 211 211 Total 779,326 6,662 703,3 Net gains/llos5es} on investments 36,833 36,833 1132,082) NET INCOMVIEXPENDtTURE) 181.2561 6,151 175,1051 1282,2051 RECONCILIATION OF FUNDS Total fur5 brought forward 2292.793 217.550 3.710.343 3991548 2.211,537 1,2CQ.DX) 223.701 3.635,238 3.710343 The notes fonn part OfthesefinaIa statements Page 13
BALA14 SHE 2023 Totsl funds 2022 Total funds Unrestricted fund Restricted funds Notes Intsngible assets Tangiblè assets 17 18 1,979,902 223.701 2.203.603 I,W,625 2,219,426 I.).9 1.184,625 1,979,902 1,184,625 223,701 3.388,228 3.369.825 Stocks 20 21 6,596 144.761 9,749 131.693 6.596 144,761 25.124 131.693 7,345 176.869 30,857 174,357 15375 Cash at bank and in hand 292.793 15375 .174 389.428 Amourtsfalli due within oneyear 23 161.164) 161.164) 14&9101 231.635 15.375 247,010 3405 2.211.537 223,701 3,635.238 3.710.343 2.211.S37 I2(fj 223.701 3.635238 3,710,343 FUNDS Unrestricted funds Rested fvnds 24 3.411,537 223.701 3.492,793 217.550 3.635238 3,710343 behaK by: D Evans- TnÉstee The notes fomi part of these financial statements Page 14
CASH FLOW ATEMENT FOR ThE YEAR EIIDED 31 IEMBER 21123 2023 2022 Note5 Cash flowsfrom operattng actlvltles Cash generated from operations Interest paid 123,2951 12111 1139525) {23.) 11395181 Purchase of tsr%ilAe frAl assets Purchase of fixed asset investmer7ts Sale of fixed asset investments Interest received Dividends reNed 165,1541 119),3641 198.504 657 37,199 126.893) 1234,1541 244.353 34,155 Net lash (used inllpro4NJed ty in¥e5tingarti¥7t5 119.1581 17.547 Change in cash and cash equivalents in the (42.6641 {1219711 the rÈportlng perlod 174,357 296,328 reportSng period 131.693 174.357 The rK)tes f¢)m) part ofthese finarrial statements Page 15
140TESTOTHE CASH FIOW ATEMENT FOR THE YEAR Ef40ED 31 DECEMeER 2023 2023 2022 175.1051 1282,205) Adjustmentsfor: Depreciation charges IG3inl/k)55es 4nve5tments Interest receNed Interest paid Drvidends recerved Decrease/lit)creasel in sttxks DecreasellirKrease) in debtors Increase in credttors 81.177 136.8331 16571 211 137,1991 749 32.1 12.254 86.491 132,082 1861 171 134,1551 19911 145.1351 4,482 1232951 1139.5251 ANALYSIS OF CHANGES IN FUNDS At Lla3 Cash fknv At 31.1223 Cash at bank arKI in haTh 174.357 142.6641 13L693 174357 (42.6641 131.693 De$Éts Fn¢luded in cash Current asset investments 30.857 15,7331 25.124 30,857 15,7331 25.124 205,214 148.397) 156.817 The rntes form part ofthese financial statements Page 16
RSPCA RADCUFFE SHEITER TRusr NOTES TOTHE FINANaALSTATEMEritS FOR THE YEAR ENDED 31 DECEMBER 2023 GENERAL INFORMATION RSPCA RaddrffE ylter Trust 15 an unirKotp)Trted char¥ty in Erland. The tharitys registered number is 2503759. tharrtrf5 prirwl address is 32 Nottingham RId. Radcliffe on Trent, Nottin8ham. NG12 2DW. The finanaal statements are presented in Sterling 7Ahith is the fvnctional currery of the charity and are rounded to the The significarrt accwnting TriCIeS applietj in the PreparatK of acccwnts are Set out behThv. These policies been Basis of weparrn8the financial statemen The financial statements of the charlty. which is a public benefit eirtity unr FILS 102, have been prepared in aLtord with the CharTÈies SORP IFRS 1021 ACCnting and RepCrtl fy Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applic3ble in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. Finala1 Reporting Standard 102 Tr Financial Reporring StarKlard appqicatde in the UK arKI Republic of Ireland, and the Clwitbe5 kt 2011. financial statements ten wepared under the historical cost convention, with the exception of investments which are included at market value. as modified by the rewdluation of cert3Én assets. The accounts (financial statements) have been prepared to give a 'true and fair. view and have departed from the Charities and ReiM)rtsl Regulati¢)ns (1¥ to the Èxtent qUIred to Prov a and fair view,. This departufe has inviA¥ed following the relevant version of the Statement of Recommended Pratte applicable to charities weparirÉ their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 rather than the Accounting and Rep(xtsr by Chaiities: Statement of Recommended PrattKe effettive from l April 2(5 %rt#ch has All income i5 renISed in the Statement ol Fjnancial ActNities once the charity has entItt to the it is wthable that the income will be received and the amount can be measured re14ably. For legactes. entitlement is tsken as the earlr of the datr on which either: the charsty avrare that probe has been granted, the estate has been finalised and notification has been made by the executorlsl to the Trust that a distribution will be made, or when a distriburion is receryed from the estate. Receipt of a Wcy. in whole or in par¢ 15 t)nly c(Ktsidered probable when the amount can be measured reliabty and the charity has been notffied of the execuror's intention to make a dtrIbUtiOn. Wlwe legac5 have been notified to the charity. or the charity is aware of the granting of probate. and the criteria for income recognitsn have not been rneL then the Wcy is treated as a corrtÈngent asset arKt disclosed rf materi. Donated ser¥i¢es or faciltties are recogni5ed when the chariry has conirol over the Item. any conditions associated the economic benefit be measured lIablY. In accordan with the Charitie5 SORP IFRS1021, the general wlunteer time is On receipt. donated professional services and donated facilitre5 are recognised on the basis of the value of the grft to the thartty Tthith is the amount the tharity would been wlitng to pay to obtsin SerVS or faalities of equivalent economic benefft on the OFft market: a CcffrWdi amwnt is then recognised in expendrture in the of receipt. the donation. IrKINne from government and other grants. whether 'caKNt31' or 'revent' grants. is recognised when the charity ha5 entidement to the funds. any TfmrKe conditions to the grants have been it is probable the irK(xne will be recewed and the amotjnt can be measured reliably and is not deferred. Interest on funds hÈld on is induded when receivth and the am(wnt can be measured ¥eliai4y the th¥ity: this is nomalty upon notrfication of the interest paid or payale bythe bank. Page 17 contInl...
NIJYES TO THE HNANCIAisfATEMErirs.conth FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure is reccEnised once there is legal or constructive obligation to transfer economic benefft to a third party, rt 15 probable that a transfer of economic benefits will be rèquired bn settlement and the arnount of the obligation tan be measured lIa. Expenditure is cLasstfied by actsvity. The costs of each actiwty are made up of the totsl of direct costs and shared costs. iUdIng 511PPOrt costs invofved in undertaking each activity. Direct Costs attributable to a single acbwty are allocated directly to that activity. Shad costs which contribfjjte to more than one acttvity and 5UPPOrt costs which are not 3ttrSbutab to a singFe actiVTty are apForth)ned betreen those activities a basis consistent with the use of resources. Central staff costs alkKed on the basis of time 5pert, and depreciation charges allted on the portion of the as5et'5 use. Fundr3i5ing costs are those incurred in seeki voiuntary contributionsand do not ide the costs of disseminati information in support of the charitable activitie5. Support Costs are those costs incurred directly in support of expenditure the objects of the charity and incliKle projett rnanageWt carried out at Headquarter5. Go¥emance costs are those irKurred in ci>nnection with administration of the tharity3nd comlanCe with constitutional and statutory requirements. rdise funds. JI experthre is indusive of irrec0veIe VAT. the cost orvalue of the asset can be measvred relFaNy. Intangibfe assets are initsalty recognised at cost. After rec($tIOn. under the tost model. intwytAe assets are measured at C05t less any accumulated arnortisatTron and any accumulated impairn)ent1055es. Amortisation provided on irtawble assets at rates cakulated to WTtte off the cost cl eKh asset cfft a straight line basi5 over tts expected useful life. Amortisation is prov>ed on the fdknv1 basts: - 20% per annum ofcost Propertyrt plant and equlpment PrOrtY, plaFrt and equint casting £1. or nmxe are carmtalised and reccy1 when future economic benefits are obablè and the costorvalueof the asset fan be mtsisured reliab. equrpment a measured at cost Fess accumulated dewetiatKJn and any accumulated impaim)ent losses. All costs incurred to bring property, plant and equipment into its intended working condition should be included in the measurement of cost. At each reporting date the Charity asses5e5 whether there is any Trndicatio of impaimient. If such indication exists, the recoverable amount of the asset is detem)ined to be the higher of tts fair value less costs to sell and its value in Ltse. An impalmt h)5s is reCc%Tr kne the Carryi aryThint exceeds the recoverable amount Impairment losses are estimated usehjl live Freehold property Fixbjres fittire5 Comrter equInt -2% perannum ofc05t - 2(Y% perannum of cost - 20% per annum of cost Inventories are valued at the kvwer of c05t and net realisable value after maktng allowance for its1te and slow-moving inventory. C05t includes all direct tosts. The Trust is a registered charity and. as such, is rsot liability to income, corporation or capttal gains tsx. Page 18 contrnued...
NOTES TO THE FINAP4CIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 General funds are unrestrirted funds which are available for use at the discretion of the Trustees in furtheran of the general objÈctives of the charity and which have not Len (kggnated for other purposes. Designated funds comprise unrestritted fund5 that have been set aside by the TTUStees for particular purFN)ses. Restricted funds are funds whKh are to be used in acdae wryth restrictions imtmxd by whith h been raised by the Charity for particukir purposes. The costs of ratsin8 and adNnerIng 9xh fund5 ary dr8ed a8ainst the speofic fund. Irwestment irmme. gains aFKI105ses are allcKated to the appropriate fvnd. Further explanatic ofthe nature and purpose ofeth fund is in the notes to the finarnial statem valued at the amount prepaid net of ary trade discounts due. FIX a55et investments are measured at fair value if the shaS are publidy traded or can ottSe be measured reliabty. The fair ¥alue i5 rewesented bythe bid price at the fi.nanc1 reporting date. Realised and Ltnrealised or losses on investments are accourted for in full WFthin the particular fund of whh the investment forws a part. Cash at bank and in Ikind Cash at bank arKI in hand indudes cash and short.temi highty liquid Invest with a short nutiKtty of three nS or frorn the date of acquisit)n or opeThng of the deFAlSrt or similar account The charrty operates 3 defined contTibution pension xheme. Contritwtws payable to the charrt$ sdwne are charged to the Statement of Financial Actrvities in the period to whith tF7ey late. The Charity On has financial assets and financial liabllities of 3 kind that qual-rfy a5 basic finanoal instruments. Bas financi31 instrumeFrtS are inrck31ty rec&iSed at transaction value and Subsequent measured at their settlemént wdlue with the exceptson of bank loans whth are subsequently measured at amortised cost using the effective interest methc Liatx"lÉties are rwised when there is an obl¢at¥)n at balae sheet date as a reurtt of 4 pa51 ebEnt. it is Wable th a transfer of economic benefft will be required in 5dernent. and the amount of the settlement can be estimated reliabty. receId as athanced pa¥nnts forthe g(K)11s orserwtts it must provide. Provi5iorfj measured at the best estimate of the am(nts required to 5etde the thleation. Where the effect of the time discount rate that reflerts the risks specific to the liability. The unwinding of the discount 15 recognised in the Statement of finaficial actTrvitses as a finae COSL Operatlng leases Renrals paid under opetstif% leases are tharged to the strtement of fina11 activi on a straeht.line basis the The financial 5tatemwts have been wepared m a going corwn basis a5 the Trustees belie4*e that there are no rnaterial uncertainties about the Trust's ability to continue as a goin8 concern. The Trustees have considered the level of hjnds held and the eXted lthtl of income and expendrture for the next 12 months and the Imjdgeted irKome and expenthre is sufficiert WTth the I1 te5erves forthe Tntst to be alAeto coniinue as a goifE concern. Pa8e 19 C0ntinLd...
NOTES TO ThE FINANCIALSTATEMENTS. cont FOR THE YEAR ENDED 31 DECEMBER 2023 and as5umptKns about the caryrng value of assets and liabtlrtres that are not apparent from other sour¢e5. The estrmate5 and underly'ng assumpti5 are based on hist1(al experien and other fattcffs that are considered to be relevant. Actual results may dtffef from these È5ttrmates. The estimates and Underlftg assurnoions are rleWed on an ongoing basis. Revssions to accounting estimates are revision and future periods if the revision affects both cuent and future periods. There are no 5igniftcant accounting judgements or estimatiart unrtainty that. in the r)pinion of the trustees. will have 3 material effect on the financial statements. 2023 2022 110.950 86,371 82.414 168,020 Legacies 197,321 2YJ.434 The drIty reteive5 donatKNt5 of animal fc)d for use within its drit3b1 artith. However. the trustees bele that the cost and practicality of forming a reliable estimate of the value of these donations 0we$ the benefits to the users of the financial statemts of ErudI this fyure. aThl as the value of (ated has been Quantif in the Statemert of Financial Activitbes. 2023 2022 17.677 15.645 2023 2022 37.199 657 34.155 37.856 34,241 2023 2022 IrKome from charIte act•tIeS Receptton. boardire and careof stray animals Income from thariiable activities Provision of education 375.123 23,lJXI 215,097 15,417 398.123 230.514 Page 20 continued...
NOTESTO THE HNANCIAL STATEMENTS. continued FOR THEYEAR ENDED 31 DECEMBER 2023 L7fHER INCOME 2023 2022 Commissions receivable Sundry Incorne 18,267 17,231 5.118 23,073 22,349 RAISING FUNDS 2023 2022 4.189 2023 2022 In¥Estment advice 14308 8,199 19,914 io. Costs (see note 11} costs {see Ite 121 Totals Reception, boarding and care of stray animaLs 566.487 199,376 765.863 2023 Staff costs Rates and water Insurance Postage and staticK)ery General maintenan Motor and Travel External veterinaryfees 378.280 1.441 3.CM)I i.oio 321,198 1.613 3.312 44y13 3,949 1.734 13.185 102 201 1.635 4,685 39,436 1,652 1.072 3.427 16,687 8.674 Microchips PY disposals arKI dinical waste Animal Consumables General Cleanii ¥mal Cafe Booklets and Tags Sundry expenses Staff training 1.810 2.313 370 56,223 1.8 55233 482.813 P¥8e 21 continued...
IpcA IIADCLIFFE SHELTER TrUST FOR THE YEAR ENDED 31 DECEMBER 2023 Recept. boarding and care ofstray animals 185,376 14,(K 199,376 Fees payable to the tharbty's aLMlitors for the audit of the thaiity'sfinancial Fees payable to the chanty'5 audrtors for other ser¥ices". Preparation of the charity's financial statements 2.250 There were no tnjstees. remuneration or other benefits for the year ended 31 Detrmber 2023 nor for the year ended 31 December 2021 Thwe Tere no Intees, expenses paid forthe year ernled 31 tkcembw 2023 ncrforthe year ended 31 tkcember2022. 2023 2022 Wages and salaries Soctal security costs Other pension costs 419.7 24.699 10,206 362.599 21,1 9.482 454,812 393.271 The monthfy numir of eryhyees duringthe year was asfollows: 2023 13 li 2022 li 12 Full fime Part Time 24 23 The key management Fer%ynnel of the Trust relates to management of the animal £entre. Totsl remuneration including errylws and nati(Thl Insuran corrtTibution5 was £fQ.35012022. £53,1051. The Trust receives signifKant amounts of a¥stan in the form of vdunteering both by individuals and corpjrate (lSatIO Vthi15t this assIstae is invaluth to the Tru5L it 15 not FK>55ible to wal in mon£43ry terrrs the extent c this assistance and atcordith. the incOff and expenditure is not induded. Page 22 c(*71intJed...
NOTES TO THE FINANCIAL STATEMENTS. Conthiued FOR ThE YEAR ENDED 31 DECEMBER 2023 16. COMPARATIVES FOR THE $fATEMEP OF FINANCIALAcnviTIES Unrestricted Restricted funds 250.434 250.434 Recepti. boarding and care of stray anim Provision of education 215.tP37 15.417 215.097 15,417 15,645 34,241 22.349 15.645 34,241 22.349 Investment income Other iFKome Total 553.183 553.183 EXPENDITURE ON Raising funds 12,388 Rtteption. board6n8 arnl care of strayanima 687.518 691.918 Total 703.3C6 Net 8ain51{1055esl Invesnts {132.12} 1132.0821 {278.8051 (3,4(Xl} 1282.205) Total furKls brimw f(Yward 2571.598 I2.{X1) 220.950 3991548 2292.793 12lXI.IXfl 217.550 3,710.343 17. Website At l January 2023 and 31 December 2023 12,(KKI At l January 2023 Charge for year 11,8 20) At 31 December 2023 12.(K(I T 800KVALUE At 31 December 2023 At 31 December 2022 Page 23 contlnued...
Fixtures and fittings Freehold Computer equipmerrt Totsls At l January X123 Additions 2.761.644 49.520 145.299 15.634 18.186 1925,129 65,154 At 31 2023 211.1fA 160933 18,L86 239),283 OEPREaATIIJN At l January 2023 Charge for year 575553 56,223 I13.7 23.226 16343 1,528 ,977 At 31 Decernr 2023 631.776 137.033 17071 736.680 BCIOKVALUE At 31 Decern 2023 2,179,388 23. 315 2.203.f At 31 Decem1 2022 2.186.(Yg1 31.492 1.843 2.219.426 Lsted investments At l January 2023 Additions Diswsals Revaluation5 1,150.199 1198.501) 36,863 At 31 t)ecember2023 1.184,625 BOOKVAWE At 31 December 2023 1,184.625 At 31 December 2022 1,150.199 There were tKJ investment assets outsidethe UK. Cost orvaluation at 31 December 2023 is represented by.- Listed irNestments Valuation in 2023 i.W,625 Page 24 continued...
NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Stocks 6,596 7,345 21. DEBTORS: Amourirs FALLING DUE wmiiN ONE YEAR 2023 2022 Trade debtors (nher debtors Gift aid recoverable Prepayments 68,372 76.352 342 5.711 94.464 8,362 68,027 144,761 176,869 2023 2022 25,124 30357 2023 2022 Trade creditors ial securrty and other taxes Other Creditc5 Accrued expense5 17,734 20,504 14,429 11.630 20,944 21,033 61.164 48310 Net At 1.1.23 in funds 31.1123 General fund Reserves to cover fluctuations in incorne 2.292.793 I.2c.( 181.2561 2211537 1,2C(J,C 3,492,793 {81.256) 3.411.537 Restricted funds Restncted fixed assetfund 217.550 214.150 5.413 4,138 5.413 4.138 Nottingham University 217.550 6.151 223,701 TOTAL FUNDS 3.710.343 175.1051 3.635.238 Pa8e 25 continued...
IISPCA RALKUFFE SHELTER TRLIST 14(YtESTOTHE FIIIANCIAL sfATEMfpifs. Contied FOR THE YEAR ENDED 31 DECEMaER 2023 PIOVEMENT IN FUNDS- ¢tyrtirn*d Net moVrt in fijnds. induded in the abcht are as fo]lows: Incoming Resources Gains and in funds General fund 661.237 1779.3261 36 1812561 Restritted fixed assetfund RSPCA Notts Nottithm University 13,40)) 11,3531 13,4(A)I 5,413 6,766 6.047 12,813 16,6621 6,151 TOTAL BJNDS 674.050 1785,9881 36,833 175.1051 Comparatlvesfor movement in fund5 Net movement in funds At 31.12.22 Atl.L22 General fund Reserve5 to ¢nlIcludtil in income 2.571.598 1.2(Kl,( I278,5> 2.292.793 I,2.[ 3.771.598 1278.8051 3.492,793 Restricted fixed asset fund 220.950 13.4CO) 217,5 TOTAL FUIIDS 3.992.548 1282,2051 3.710.343 Cornparative net movement in fund5. induded in the abjve are as frAIows: IncomiThd resources Resour experKled G3Éns and in funds General fund 553.183 I699,} 1132,0821 1278,80SI Restricted fixed asset fund 13.4CQI 13,4(Xll TOTAL FUNDS 553,183 1703,3061 1132,0821 1282,2051 The restrscted ftxed asset fund relates to the rebjild proiect vthich tc pla in 2013. the animal ambulances whKh were also purchased in 2013 and Th)nies in relation to the veterinaryfaolities in 2019, treatment room and new cattery. The designated fund was set up to cover ftuctuations in vdimtsry income le4. legrnl in futufe periLMts. This relates to a maceratcf purtha5ed in 2023 which was funded by RSKA Nofb"n8ham and NottIhaM5hlre. Page 26 continued...
NOTE5 TO THE FINANCIAL STATEMENTS- Contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUNDS. contlnued This relate5 to èn air conditioning unit installed in 2023 which was funded by Nottingham University. The pension c05t tharge represents contributions payable by the charity to a separatefy independently administered fund and afrH)unted to £10206 {2022: £9.4821. A total of El,98212022:£1,8181 in contribution5 were outstanding at the balance sheet date. 2023 2022 In one year 2-5 years 5,971 5.926 4,096 s.2 11,897 9.898 27. RELATED PARTY DISCLOSURES David Evans who is ? tntee of RSPCA Raddiffe ShelterTnJ5t is also a trnstee of RSPCA Noth"r%hamshire EasL l)uri the Vex RSPCA Raddiffe Shelter Trust ded RSPCA Nottirhamshire East £539 {2022: £1781 for vets fee5 and At 31 December 2023 anM)unt of £53912022: £178) was od by N0ttirhaM East During the year, David Evans who is a trustee of RSPCA Radcliffe Shelter Trust paid £NIL 12022.. £4791 for veterinary tatMent, ¥thich was charged at market rate. There were no balances OLrtstsndin8 at the year end. FINANCIAL INSTrUMENTS The carrwng amrAmt ofthe charivs finanoal instruments xe as fDkn: 2023 2022 rinantial assets at falrvalue through Income and expendlture Listed investments i.W.625 I.0.9 fdk)ws: 2023 2022 Net gains and losses linduding change5 in fair value) Financial a&sets rnrasured * thrwgh net irmme1ext*IitUre 36A33 1132.ml The total dividend income from financial assets that are measured at fair value th[h the income statement was £37,199 12022- £34,155). Pa8e 27