TRUSTEES' REPORT AND ACCOUNTS 2024
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Purpose of funds
Endowment funds
Bowmer Fund
The terms of this fund required that 50 percent of the income
was reinvested to provide an increase of income over time, with the
balance of the income for general purposes. In 2024, the Charity
Commission granted its consent to our resolution to spend the
capital of the Bowmer Fund.
The A & D Simpson Fund
Income from this fund is shared among animal facilities in London.
Wyndham Cottle Charity
Following the transfer of the activities supported by this fund to
the Gonsal Farm Equine Centre, the former property was sold.
The proceeds, together with the then existing investments, are
invested to provide the income to support the ongoing activities
of the fund.
MT & VL Wythe Charitable Trust
The assets of this fund were added to the RSPCA's funds in 2006.
The income from this fund is shared equally among the RSPCA,
PDSA and Blue Cross. In 2024, the Charity Commission granted
its consent to spend the capital and split it three ways equally
between the same charities.
Albekier Fund
The income from this fund is used for the RSPCA's cat neutering
scheme in London.
Restricted funds
The restricted funds of the group comprise the unexpended
balances of donations, bequests and grants held on trust to be
applied for specific purposes.
Animal welfare operational and capital funds
These funds represent legacies or donations received towards
both operational activities and capital projects relating to the
RSPCA's animal welfare activities. For example, capital funds
can include donations or legacies received towards capital
projects at the RSPCA's animal centres. On completion of the
project, the completed asset is transferred to the General Fund.
For smaller projects or where the project is coming only partially
from these restricted funds, a transfer is made to meet the costs
as they are incurred. Operational funds can represent regular,
one-off and legacy donations that are used to fund the RSPCA's
animal centres.
Birmingham Fund
The RSPCA took over the activities of the RSPCA Birmingham
Branch, and funds are being used to meet expenditure related to
ongoing animal welfare issues within the Birmingham area.
Overseas Fund
Income on the Overseas Fund is used to provide assistance for
animal welfare overseas.
Regional funds
These comprise 10 separate funds to be used for regional
purposes. The funds are hybrid and include restricted and
designated elements. Additional disclosure has been provided
by their classification as restricted.
The Tubney Grant Fund
The Tubney Charitable Trust provided funding to build the capacity
of the RSPCA's farmed animal department.
RSPCA Assured Limited
RSPCA Assured Limited is a fully owned subsidiary of the RSPCA
parent charity. It is treated as a separate restricted fund in the
RSPCA consolidated accounts to reflect the subsidiary's separate
legal identity and charitable purposes.
Other restricted funds
Donations and legacies received for specific aspects of the
RSPCA's operations. The balance represents projects still to be
completed at the year end or the excess of restricted income
over current net expenditure.
Principal addresses
Principal office
Royal Society for the Prevention of Cruelty to Animals, Parkside,
Chart Way, Horsham, West Sussex RH12 1GY
Bankers
Coutts & Co Commercial Banking, 440 Strand, London WC2R 0QS
NatWest Bank 9th Floor, 250 Bishopsgate, London EC2M 4AA
Investment advisers
Cazenove Capital, a trading name of Schroder & Co. Limited,
1 London Wall Place, London EC2Y 5AU
Independent auditors
RSM UK Audit LLP, 25 Farringdon Street, London EC4A 4AB
Pension advisers
XPS Consulting Limited Phoenix House, 1 Station Hill,
Reading, Berkshire RG1 1NB