TRUSTEES' REPORT AND ACCOUNTS 2022
64
The National Society holds shared equity in a number of housing properties with members of the RSPCA Inspectorate no longer in service. The scheme
is closed for further entry. The total value of inspectors' contributions to equity housing as at 31 December 2022 was £3,466k (2021: £3,854k). Should an
inspector leave the scheme, the RSPCA has an obligation to refund the inspector's share in the value of the related property at the time. It is intended
that any RSPCA obligation will be funded by the proceeds from the sale of the property.
Included in Freehold and Leasehold property, other and freehold equity housing are houses currently occupied by pensioners of the RSPCA. The relevant
net book value at the balance sheet date comprises:
Leasehold property Freehold property
Equity housing
£'000
Other
£'000
Equity housing
£'000
Other
£'000
5. Tangible fixed assets (continued)
Net book value
At 31 December 2022 - 82 360 1,952
At 31 December 2021 - 85 405 2,074
Group
2022
£'000
Group
2021
£'000
Charity
2022
£'000
Charity
2021
£'000
6. Investments
a) Analysis of movements in the year
Market value at 1 January 107,781 73,721 107,781 73,721
Acquisitions at cost 38,271 42,998 38,271 42,998
Disposal proceeds (17,074) (16,980) (17,074) (16,980)
Realised and unrealised gains/(losses) in the year (9,630) 8,042 (9,630) 8,042
Fair value at 31 December 119,348 107,781 119,348 107,781
Cash held in portfolio at 31 December 14,098 7,384 14,098 7,384
Total fair value at 31 December 133,446 115,165 133,446 115,165
Historical cost at 31 December 108,164 85,326 108,164 85,326
b) Analysis of investments held at 31 December
Listed investments:
Equities 85,562 75,937 85,562 75,937
Bonds 19,166 19,229 19,166 19,229
Multi-asset funds 4,921 4,590 4,921 4,590
Alternatives 8,990 8,025 8,990 8,025
Total listed securities 118,639 107,781 118,639 107,781
Unlisted securities:
Investment property 709 - 709 -
Cash 14,098 7,384 14,098 7,384
Total investments at fair value 133,446 115,165 133,446 115,165
Notes to the accounts continued
Year ended 31 December 2022