TRUSTEES' REPORT AND ACCOUNTS 2024 73
15. Financial instruments
The group and parent financial instruments comprise fixed-asset investments measured at fair value through profit or loss and other financial assets,
which comprise cash, group debtors and other debtors and financial liabilties, which comprise trade creditors, branches and other creditors, measured
at amortised cost. The group also holds a long-term creditor in relation to a marketing loan; this meets the conditions of a Public Benefit Entity
Concessionary Loan and is accounted for using amortised cost.
16. Trusteeships
The RSPCA holds property title deeds and investments as custodian trustee for certain branches. The property title deeds that are held by the RSPCA
as a custodian trustee relate to a number of operational buildings for use by certain branches carrying out their charitable activities.
At 1 January
2024
£'000
Income
£'000
Expenditure
£'000 Transfer between
funds**
£'000 Other recognised
gains/(losses)
£'000
At 31 December
2024
£'000
17. Analysis of movement of funds
YEAR ENDED 31 DECEMBER 2024
a) GROUP
Endowment funds*
Bowmer Fund 614 14 - (655) 27 -
The A&D Simpson Fund 2,716 - (3) - 171 2,884
Wyndham Cottle Charity - capital fund 3,402 - (3) - 225 3,624
MT & VL Wythe Charitable Trust 1,051 - (683) (339) (29) -
Albekier Fund 1,884 7 - - 103 1,994
Total endowment funds 9,667 21 (689) (994) 497 8,502
Restricted funds
Animal welfare - operational and capital funds 4,649 3,189 (2,967) 120 - 4,991
Birmingham Fund 422 1 (353) - - 70
Overseas funds 2,177 611 (951) - - 1,837
Regional funds 1,585 496 (697) - - 1,384
Tubney Grant Fund 2,806 - (174) - - 2,632
Other restricted funds 2,848 57 (139) - - 2,766
RSPCA Assured Limited 4,166 6,277 (5,953) - - 4,490
Total restricted funds 18,653 10,631 (11,234) 120 - 18,170
Unrestricted funds
Pension reserve (18,719) (815) - 2,004 2,323 (15,207)
General Fund 138,071 123,813 (129,164) (15,339) 11,940 129,321
Designated funds 131,171 18,880 (33,331) 14,209 - 130,929
Total unrestricted funds 250,523 141,878 (162,495) 874 14,263 245,043
Total group funds 278,843 152,530 (174,418) - 14,760 271,715
*All endowment funds are permanent endowments.
**The transfer between funds reflects the movement from the General Fund to designated funds following the decisions made by trustees, the £2m payment to the
Pension Fund from the General Fund, the wind up of two endowment funds and a £0.1m movement from unrestricted funds to restricted funds to cover overspend.
Further narrative behind the restricted and endowment funds can be found on page 84 of the Trustees' report and accounts. Further information on the
designated funds can be found within Note 20.