Showing posts with label legacies. Show all posts
Showing posts with label legacies. Show all posts

Tuesday, February 3, 2009

SSPCA press release

Having had phone conversations where I never did manage to make the person on the other end believe our clinic isn't run by the PDSA, the Scots have my sympathy, even if I do think they might have phased it all a bit more tactfully.

The USPCA are even more unlucky with the potential for confusion with the other Irish SPCA's in the Republic.

This earlier article gives some background on why the three societies need to be separate legal entities.

Legacies are always going to be a contentious issue, as there's no way to go back in time and ask the testator why a particular charity was selected. Individual RSPCA branches are separate charities in their own right and there's almost equal scope for ill-feeling about whether legacies should go to a particular branch, or to into the national "pot".

Briefly: If you live in Scotland, then your local SPCA is the Scottish SPCA. In Northern Ireland, it's the USPCA. In England and Wales, you have a choice between the National Society (your legacy will be used to fund activities such as the Inspectorate which are managed centrally), or your local branch (your legacy will be used to fund animal welfare work within the branch area).

If you would like to make a legacy to RSPCA Cambridge (see map for our area of activity), the way to avoid any possibility of confusion is to ask your solicitor to specify our full name "RSPCA Cambridge and District Branch" and charity number (205098). 

And finally...
A spokesman for the RSPCA denied that the charity had run Scotland-specific fundraising campaigns. He said: "Some digital channels don't allow adverts not to be shown in some areas, but we refer all Scottish donors to the Scottish SPCA. It is more trouble than it is worth for us to aggravate people."
I do actually believe him, even if no-one else does...

Thursday, September 18, 2008

Reserve funds again

Trepidation about the general state of the economy. I think it's unlikely that there's any risk that the funds in our bank account could be lost however bad things get, but it's not looking good for our charity shop income if customers aren't spending because they're worried about the safety of their jobs. The CEO of the national RSPCA (as opposed to the local branches) must be feeling pretty glum about invested funds as those do go up and down in value along with the Stock Market (and in this case, down). 

We are extremely fortunate to have received legacy income this year and without it things would be looking very bleak indeed.

Things are already looking very serious for the Rabbit Residence Rescue where most of our branch rescue rabbits are fostered. Please consider sponsoring a rescue rabbit, or adopting a pair of rabbits who are suitable for rehoming (not all of the rabbits featured on the web page came to Rabbit Residence from the RSPCA).

Thursday, August 14, 2008

Branch Reserves Policy


Now that we actually have some reserves (the result of a generous legacy, which pulled us back from a very dicey hand-to-mouth situation) we need to have a policy about the way we manage them, and at our committee meeting this week we agreed the formula below.

“Owing to the nature of our activities and supporter base, branch income is composed of a fairly regular component from fundraising activities and clinic fees and an unpredictable legacy component. This means that we receive occasional very large amounts which need to be used gradually to support the regular income rather than being spent during the year in which we receive them. We aim to keep our free reserves between an upper limit set at twice our annual operating costs and a lower limit fixed at the amount which would permit 12 months continued activity at current levels of regular earned income. 

At any point when free reserves dip below this 12 month safety limit we will have to begin cutting back the level of service which we provide.

At current income and expenditure rates the lower reserve limit is £41,000 and the upper limit is £260,000.”

In other words, if our steady income from the shops, clinic fees, collection tins etc. is £3,000 a month short of what we currently spend, we can calculate how long it would take before our saved funds ran dry. If the remaining time drops to 12 months we need to make emergency cuts until spending is in balance with the steady income. 

Our free reserves at the moment (after allowing for outgoings which we know will take place at the year end) amount to £120,000. This would sustain our current expenditure for three years provided our regular income stays at its existing levels. It means our work is reasonably secure, but there isn't much scope for "capital" projects (such as building an extension to our clinic for a "sluice room", which is one of the things we'd like to do).