TRUSTEES' REPORT AND ACCOUNTS 2022 73
At 1 January
2022
£'000
Additions
in year
£'000
Utilised/
realised
£'000
Depreciation
and disposals
£'000
At 31 December
2022
£'000
18. Designated fund movements
Intangible fixed assets fund 8,691 49 - (1,130) 7,610
Tangible fixed assets fund 61,312 856 - (18,394) 43,774
Capital and project commitments 7,367 - (3,386) - 3,981
Other designations 65,000 24,139 (3,139) - 86,000
Total designations 142,370 25,044 (6,525) (19,524) 141,365
The intangible and tangible fixed asset funds represent the net book value of the fixed assets of the RSPCA. Capital and project commitments relate to a
number of commitments authorised at 31 December 2022 (Note 12). Other designations are to support the transformation programme (£30m), investment
in income generation activities (£25m), estate improvements (£15m), the branch development fund (£10m) and other operational programmes (£6m).
RSPCA Trading Limited Freedom Food Limited
2022
£'000
2021
£'000
2022
£'000
2021
£'000
19. Subsidiary company undertakings
Income and endowment from:
Donations and legacies - - 80 -
Charitable activities - - 5,208 4,524
Other trading activities 1,367 1,157 11 -
Total income 1,367 1,157 5,299 4,524
Expenditure on:
Charitable activities - - 4,287 3,710
Raising funds 971 900 - -
Total expenditure 971 900 4,287 3,710
Net gains/(losses) on investments - - - -
Net income/expenditure 396 257 1,012 814
Taxation - - - -
Gift Aid payable (395) (256) - -
Surplus/(deficit) 1 1 1,012 814
Total assets 1,083 1,245 4,416 3,289
Total liabilities (1,078) (1,241) (966) (851)
Total funds at 31 December 5 4 3,450 2,438
a) RSPCA Trading Limited (Company No: 01072608)
Since 1991 this company has been used for direct sales, royalties and special events. The issued share capital is owned by the RSPCA and, where company law
allows, all potentially taxable profits, after recovery of available losses, are transferred to the RSPCA by a qualifying distribution by way of a Deed of Covenant.
b) Freedom Food Limited (Company No: 02723670, Charity Nos: 1059879, SC038199)
Freedom Food Limited, a wholly-owned subsidiary of the RSPCA, is being used by the RSPCA for the encouragement of the adoption of RSPCA-approved
standards of animal welfare in livestock farming operations.
Notes to the accounts continued
Year ended 31 December 2022