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2021-11-07-accounts

Charity registration number 1147056

ANIMAL LIFELINE WALES

Annual report and unaudited financial statements

For the year ended 7 November 2021

ANIMAL LIFELINE WALES

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs P A Hard Dr I Ferris Dr L Bevan Mrs R Stephens

Charity number

1147056

ANIMAL LIFELINE WALES

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 11

ANIMAL LIFELINE WALES

TRUSTEES' REPORT

FOR THE YEAR ENDED 7 NOVEMBER 2021

The trustees present their report and accounts for the year ended 7 November 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution , the Charities Act 2011 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The charity's objects are to promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for animals which are in need of care and attention by reason of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering among animals.

The policies adopted in furtherance of these objects are listed below:

T here has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The main activity of the charity is the running of the shop in Burry Port. This is the primary income stream for the charity. During the year to 7th November 2019, the Charity moved its shop premises to a new location in Burry Port. It was hoped that the new larger premises would help raise further funds to aid the charity's objectives. The effects and restrictions of the Coronavirus pandemic during the year ended 7th November 2021 meant that the shop at different times was only open on a part time basis and appointment only at others. This once again restricted the income generation from the shop.

ANIMAL LIFELINE WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 7 NOVEMBER 2021

Achievements and performance

During the year the charity had the following achievements:

Financial review

The Charity had a deficit of £3,327 for the year ended 7th November 2021. This was mainly due to the provision of care to animals in need. The closing cash balance of circa £63,000 gives the Charity a strong base from which to carry out its charitable activities. The Trustees are however aware how sensitive the charity is to a drop in income from the shop and how this may affect the charitable work which the charity carries out. The charity had to contend with the effects and restrictions of Coronavirus during the year and this significantly impacted on the income received through the shop. The Trustees are hopeful that the easing of restrictions will allow the shop income to increase back to expected levels in the near future. The charity was, however, boosted by the receipt of Coronavirus grant funding from Carmarthenshire County council which totalled £13,000 in the year.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity was established by a charitable trust deed on 30th April 2012.

The trustees who served during the year and up to the date of signature of the financial statements were:

Mrs P A Hard Dr I Ferris Dr L Bevan Mrs R Stephens

Trustees are appointed with reference to their experience, qualifications and skills. Should the board of trustees see a deficiency in a certain skill area then they will actively seek an individual with the required competencies.

ANIMAL LIFELINE WALES

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 7 NOVEMBER 2021

The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The charity's current policy concerning the payment of trade creditors is to:

The four trustees of the charity have different roles. These are listed below:

Mrs Penny Hard - Chairperson Dr Ian Ferris - Vice-Chairperson Dr Lynne Bevan - Secretary Mrs Rita Stephens - Treasurer

Animal Lifeline Wales had no known related parties in the year to 7th November 2021.

The trustees' r eport was approved by the Board of Trustees.

..............................

Trustee Dated: .........................

ANIMAL LIFELINE WALES

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ANIMAL LIFELINE WALES

I report to the trustees on my examination of the financial statements of Animal Lifeline Wales (the charity) for the year ended 7 November 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Dated: .........................

ANIMAL LIFELINE WALES

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 7 NOVEMBER 2021

Unrestricte Unrestricted Unrestricted
d
funds funds
2021 2020
Notes
£		 £
Income from:
Donations and legacies 3 13,055 10,127
Other trading activities 4 20,442 16,219
Investments 5 4 17
Total income 33,501 26,363
Expenditure on:
Animal Care and Governance Costs 36,828 28,257
Net expenditure for the year/
Net movement in funds (3,327) (1,894)
Fund balances at 8 November 2020 65,623 67,517
Fund balances at 7 November 2021 62,296 65,623

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ANIMAL LIFELINE WALES

BALANCE SHEET

AS AT 7 NOVEMBER 2021

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
8
Net current assets
Income funds
Unrestricted funds		 2021
£
62,848
(552)		 £
62,296
62,296
62,296		 2020
£
66,163
(540)		 £
65,623
65,623
65,623

The financial statements were approved by the Trustees on .........................

..............................

Trustee

ANIMAL LIFELINE WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 7 NOVEMBER 2021

1 Accounting policies

Charity information

Animal Lifeline Wales is an unincorporated Charity.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

ANIMAL LIFELINE WALES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 7 NOVEMBER 2021

1 Accounting policies

(Continued)

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

ANIMAL LIFELINE WALES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 7 NOVEMBER 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

ANIMAL LIFELINE WALES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 7 NOVEMBER 2021

3 Donations and legacies

Unrestricte Unrestricted
d
funds
funds
2021
2020
£
£
Donations and gifts 55
127
Coronavirus Grant Funding Received 13,000
10,000
13,055
10,127
4 Other trading activities
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Shop income 20,442
16,219
5 Investments
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Interest receivable 4
17

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year .

ANIMAL LIFELINE WALES

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 7 NOVEMBER 2021

7 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

8 Creditors: amounts falling due within one year
2021 2020
£ £
Trade creditors 552 540

9 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .