TRUSTEES' REPORT AND ACCOUNTS 2022
74 Notes to the accounts continued
Year ended 31 December 2022
19. Subsidiary company undertakings (continued)
c) RSPCA Enterprises Limited (Company No: 04044564)
Dormant for the entire year and dissolved on 13 December 2022.
20. Branch legacies
During 2022, the RSPCA received £9.4m (2021: £9.6m) in legacies payable to branches. These are not shown in the Statement of Financial Activities.
The sums received are paid to branches as soon as the recipient branch has been identified.
21. Legacies notified
As at 31 December 2022, the RSPCA had been notified of 16 (2021: 15) high-value legacies (over £0.5m) within the year with an estimated value of £13m
(2021: £12m). Interim payments of £4m have been received within 2022 and recognised as legacy income within 2022. Out of the remaining £9m, £5m
has been accrued into 2022 as it meets the legacy accrual recognition criteria as per Note 1. £4m has not been accrued into 2022 as there is no grant
of probate dated prior to 31 December 2022.
There are 380 cases notified in 2022 (excluding life interest and life interest residuary) which it has not been possible to value, and therefore these cases
have not been accrued into 2022. In 2021, there were 313 such cases.
22. Related party transactions
RSPCA branches are separately registered charities. The RSPCA has an arm's-length trading relationship with most branches. Grants are made to branches
when charitable objectives delivered by the branch would be enhanced. Branches are represented on the regional boards whose chairs are represented
on the Branch Affairs Committee which reports to the RSPCA Board of Trustees. There were no branches in board trusteeship during 2022 or 2021.
During 2022 the RSPCA provided the services of farm livestock officers to Freedom Food Limited which reimbursed the RSPCA for the cost of £128k
(2021: £350k).
The RSPCA paid salary-related costs to Freedom Food Limited employees on behalf of Freedom Food and was reimbursed for the full amount.
During the year, Freedom Food Limited received £80k (2021: nil) from the National Society for the project Eat Less Eat Better.
RSPCA Trading Limited accrued a qualifying distribution to be paid to the RSPCA of £395k (2021: £256k) and made sales to the RSPCA of £134k (2021: £106k).
During 2022, the RSPCA re-charged overheads to RSPCA Trading Limited of £199k (2021: £158k) and to Freedom Food Limited of £188k (2021: £210k).
All re-charges are made on an arm's-length basis.
At the year end the RSPCA was owed £999k (2021: £1,170k) by RSPCA Trading Limited and £406k (2021: £204k) by Freedom Food Limited.
Group
2022
£'000
Group
2021
£'000
Charity
2022
£'000
Charity
2021
£'000
23. Operating lease commitments
The group and charity had total commitments at the year end
under operating leases expiring as follows:
Operating leases for properties
Less than one year 609 - 609 -
One to five years 232 - 232 -
Over five years - - - -
841 - 841 -
Operating leases for vehicles and equipment
Less than one year 107 121 59 65
One to five years 118 43 103 -
Over five years - - - -
225 164 162 65