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2022-12-31-accounts

RSPCA LINCOLNSHIRE EAST BRANCH

Report and Financial Statements

For the year ended 31[st] December 2022

RSPCA Lincolnshire East Branch

Financial Statements

For the year ended 31[st] December 2022

Contents

Pages
Legal and Administrative Information 3
Report of the Trustees 4-6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-13

RSPCA Lincolnshire East Branch

Legal and administrative information

Trustees

Rosemary Bachmann - Honorary Chairperson Julia Ely Sue Spencer Patricia Nicolson Christine Williams - Honorary Secretary Kathryn Hoffman Graham Dayes Ewen Nicolson - Resigned 24th Sepetember 2022

Principal Office:

18 Market Place Boston Lincolnshire PE21 6EH

Telephone No: 01205 362404

Independent Examiner

Andy Atkins FCA TC Group Chartered Certified Accountants 1 - 4 London Road Spalding Lincolnshire PE11 2TA

Bankers

CAF Bank Limited Lloyds Bank 25 Kings Hill Avenue 2 Hall Place West Malling Spalding Kent Lincs EC2U 7HN PE11 1SF

3

RSPCA Lincolnshire East Branch

Report of the Trustees for the Year ended 31 December 2022

The Trustees present their annual report with the financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 9 and comply with applicable law and the Statement of Recommended Practice – Accounting and Reporting by Charities (SORP 2015).

Structure, Governance and Management of the Charitable Funds

The Charity was constituted under a trust deed dated 29 June 1978, the registered number of the charity is 507301 and it is governed by the RSPCA branch rules (effective 18 February 2009).

Our charitable objectives

We promote the work and objects of the national RSPCA, being to prevent cruelty, promote kindness and to alleviate the suffering of animals, in the East Lincolnshire area. The charity seeks to further these objectives by:

Trustees

RSPCA Lincolnshire East Branch has continued to be managed by local trustees.

Risk management

The Trustees review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves at current levels, combined with the internal financial control system in operation, will provide sufficient resources in the adverse conditions. The trustees examine the major risks that the charity faces each financial year when preparing and updating the strategic plan.

4

RSPCA Lincolnshire East Branch

Report of the Trustees for the Year ended 31 December 2022

Chairman’s Review of activities and achievements

RSPCA Lincolnshire East Branch 2022

The branch has continued with its vital animal welfare work during the past year, with the emphasis being placed on supporting the RSPCA Inspectorate across the branch area.

We have in addition assisted the general public with veterinary fees and welfare assistance. The Branch is trying to support as many people with their animals as possible, during the current cost of living crisis, with help including paying for initial veterinary consultations, help towards fees and assistance with neutering costs and we have provision to provide welfare food to those in need. The branch would welcome support by members of the public in delivering this work and we are actively seeking new trustees to help in running the branch.

5

RSPCA Lincolnshire East Branch

Report of the Trustees for the Year ended 31 December 2022

Statement of Trustees’ responsibilities

Under the Charities Act 2011, the trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources in the year. In preparing these financial statements, the trustees are required to: 

  - Select suitable accounting policies and apply them consistently

  - Make judgements and estimates that are reasonable and prudent

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the regulations under the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the charity’s assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the RSPCA Lincolnshire East Branch Trustees:

…………………………………..

Rosemary Bachmann - Branch Honorary Chairperson

Dated

6

RSPCA Lincolnshire East Branch

Independent examiner’s Report to the Trustees of RSPCA Lincolnshire East Branch

I report on the accounts of the RSPCA Lincolnshire East Branch for the year ended 31 December 2022 which are set out on pages 9 to 13.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the 2011Act,

follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Andy Atkins FCA TC Group 1 - 4 London Road Spalding Lincolnshire PE11 2TA

7

RSPCA Lincolnshire East Branch Statement of Financial Activities For the year ended 31st December 2022

Unrestricted
Funds
Notes
£
INCOME
1
Investment income & interest
4
419
Voluntary income
2
9,236
Trading income
3
33,304
Fundraising activities
4
25,510
TOTAL INCOME
68,469
EXPENDITURE
Administration
5
106,016
Trading expenses
5
49,135
TOTAL EXPENITURE
155,151
NET INCOME/(EXPENDITURE)
FOR THE YEAR
(86,682)
NET GAINS/(LOSSES) ON INVESTMENTS
unrealised
7
(3,539)
NET MOVEMENT IN FUNDS
(90,220)
TOTAL FUNDS BROUGHT FORWARD
at 1 January 2022
277,222
TOTAL FUNDS CARRIED FORWARD
at 31 December 2022
187,002		 Restricted
Funds
£
-
-
-
-
-
-		 Total
Total
2022
2021
£
£
419
419
9,236
26,798
33,304
25,311
25,510
27,053
68,469
79,581
106,016
62,863
49,135
46,063
155,151
108,926
(86,682)
(29,345)
(3,539)
(720)
(90,220)
(30,065)
277,222
307,287
187,002
277,222

8

RSPCA Lincolnshire East Branch Balance Sheet As at 31st December 2022

Unrestricted
Funds
Note
£
FIXED ASSETS :
Tangible Assets
Motor vehicle
1
Investments
National Saving Income Bond
(purchased March 1992)
7
5,000
M & G Charities Fixed Interest
Common Investment Fund
7
16,715
21,715
TOTAL FIXED ASSETS
21,715
CURRENT ASSETS :
Cash at Bank
Lloyds High Interest account
139,351
Lloyds instant access account
329
CAF current account
29,303
Cash in hand
45
VAT refund due
Debtors
1,706
CREDITORS
(5,447)
165,287
NET ASSETS
187,001
TOTAL FUNDS OF THE CHARITY
187,001		 Restricted
Funds
£
-
-
-		 Total
2022
£
5,000
16,715
21,715
21,715
139,351
329
29,303
45
1,706
(5,447)
165,287
187,001
187,001		 Total
2021
£
186
5,000
20,253
25,253
25,439
55,441
328
195,914
101
251,784
277,223
277,223

Approved on behalf of the trustees

R Bachmann, Honorary Chair Person

…………..

9

RSPCA Lincolnshire East Branch Notes to the Financial Statements For the year ended 31st December 2022

1 Accounting Policies:

a. Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities' (SORP 2015) (effective 1 January 2015). However, it is not required to prepare accounts on an accruals basis.

b. Income

Income is recognised on a receipts basis.

c. Expenditure

Expenditure is included on a payments basis.

d. Capitalisation of tangible fixed assets

Tangible fixed assets are, as a general rule, not capitalised. However, a fixed asset register is maintained to enable the trustees to fulfil their obligations to safeguard the assets that the charity uses. The Charity owns a vehicle, which the trustees have decided to capitalise.

The vehicle is depreciated at 25% per annum on a reducing balance basis.

Cost of vehicle
Disposals
Cost carried forward
Depreciation to 1 January 2022
Charge for the year
Depreciation elim
Depreciation to 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021		 4,075
(4,075)
-
3,889
-
(3,889)
-
-
186

e. Investments

Investments are valued at market value at the year end, or are included at the trustee's best estimate of market value.

f. Stocks and gifts in kind

Stocks are valued at the lower of cost or market value. Donated items pending sale are not included within stock, and are dealt with when funds are realised from their sale.

g. Fund accounting

The charity's funds are unrestricted general income funds, these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

10

RSPCA Lincolnshire East Branch Notes to the Financial Statements For the year ended 31st December 2022

2.
Voluntary income
Donations
Bequests and legacies
Rehoming fees
Subscriptions
Grants
Emergency fund refund
Pet insurance
Gift aid
3.
Trading income
Sales
Recycling
Grant
4.
Fund raising income
National door to door
Boxes
4.2 Investment income and interest
Interest		 Unrestricted
Restricted
Total
Funds
Funds
2022
£
£
£
3,707
3,707
0
0
5,164
5,164
0
0
0
0
0
0
0
0
365
365
9,236
9,236
32,885
32,885
419
419
0
0
33,304
33,304
19,910
19,910
5,600
5,600
25,510
25,510
419
419
419
419		 Total
2021
£
5,882
11,675
1,960
562
5574
1118
27
0
26,798
15,501
102
9,708
25,311
24,134
2,919
27,053
419
419

RSPCA Lincolnshire East Branch Notes to the Financial Statements For the year ended 31st December 2022

5.
Expenditure
Administration
Regional contribution
Events expenditure
Veterinary fees
Kennel and cattery hire
Insurance
PPS and advertising
Telephone
Branch administration
Salaries
Redundancy
Accountancy
Travel and mileage
Bank charges
Sundries
Ferret rescue
Storage
Consultancy
Profit/loss on disposal
Depreciation of vehicle
Total		 Unrestricted
Restricted
Total
Funds
Funds
2022
£
£
£
0
0
0
0
38,214
38,214
43,816
43,816
550
550
486
486
164
164
-
14,956
14,956
0
0
3,750
3,750
1,123
1,123
495
495
410
410
836
836
630
630
900
900
(314)
(314)
106,016
106,016		 Total
2021
£
551
291
16,960
23,979
0
708
454
-
9,686
2,385
0
1,324
278
3,154
1,441
690
900
62
62,863

12

RSPCA Lincolnshire East Branch Notes to the Financial Statements For the year ended 31st December 2022

Unrestricted
Restricted
Total
Funds
Funds
2022
£
£
£
5.
Expenditure - continued
Trading expenses
Purchases
177
177
Equipment
1,092
1,092
Rent
16,000
16,000
Rates
972
972
Heat and light
1,921
1,921
Waste disposal
24
24
Stationery and postage
274
274
Telephone
396
396
Repairs
618
618
Salaries
26,531
26,531
Sundries
68
68
Covid protection equipment
227
227
Credit card costs
836
836
Total
49,135
49,135
Total expenditure
155,151
155,151
Employees and staff costs
2022
6.
Average number of employees in the year
3
No employees received emoluments of more than £60,000.
Investments
2022
7.
16,714.50 shares M&G Charibond
30.09.2022 Value
16,715
31.12.2021 Value
20,253
Unrealised Loss on Investments
(3,539)		 Total
2021
£
60
0
16,000
563
681
0
130
349
174
25,658
136
401
1,911
46,063
108,926
2021
3
2021
20,253
20,973
(720)

The holding of £5,000 of National Savings Income Bonds is valued by the Trustees at cost.

13