TRUSTEES' REPORT AND ACCOUNTS 2022 65
Group
2022
£'000
Group
2021
£'000
Charity
2022
£'000
Charity
2021
£'000
6. Investments (continued)
c) Programme-related investments
Loans to branches less provisions - 34 - 34
The total loss on investments was £9,630k (2021: gain £8,042k) of which £8,803k (2021: gain £6,712k) was unrestricted, £0k (2021: gain £0k) was restricted and
a loss of £827k (2021: gain £1,330k) was in respect of endowment funds.
The fair value of the investment properties held by the RSPCA has been determined using percentage yields estimated by the RSPCA's in-house estate
surveyor who is a fellow of the Royal Institution of Chartered Surveyors. .
Programme-related investments relate to loans made by the RSPCA to RSPCA branches. No new loans were made by the National Society within the year,
and a provision was recognised in 2022 for the outstanding loan as at 31 December 2021. There is a zero outstanding balance as at 31 December 2022.
The following investments comprised over 5% of the portfolio as at 31 December, and are considered significant: £'000
Schroder QEP Global Core Fund, Units -I- Income, Schroder Unit Trusts Limited, 0766108 15,133
Schroder Global Sustainable Growth, Shs -I QV- Distribution, Schroder Int. Selection Fund SICAV, BKLF434 25,837
Schroder Institutional Sterling, Broad Market Bond Fund, Units -I- Income Gross, Schroder Unit Trusts Limited, B06RTZ2 7,757
Group
2022
£'000
Group
2021
£'000
Charity
2022
£'000
Charity
2021
£'000
7. Stocks
Stocks held for resale 277 545 - -
8. Debtors
Income tax and VAT recoverable 1,674 1,117 1,782 1,223
Prepayments 2,368 1,868 2,262 1,845
Accrued income* 79,940 74,665 78,652 73,694
Group debtors - - 1,407 1,374
Other debtors 1,879 2,317 1,227 1,858
Total debtors 85,861 79,967 85,330 79,994
*Accrued income for 2022 includes accrued legacy income for the group and the charity of £78,446k (2021: £73,490k).
Notes to the accounts continued
Year ended 31 December 2022