Charity registration number: 223 677
## RSPCA - Clwyd and Colwyn Branch
Annual Report and Financial Statements for the Year Ended 31 December 2021
## **RSPCA - Clwyd and Colwyn Branch**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Statement of Trustees' Responsibilities|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Financial Statements|9 to 17|
## **RSPCA - Clwyd and Colwyn Branch**
||**Reference and Administrative Details**|
|---|---|
|**Trustees**|S Moss|
||I Train|
||L Baxendale|
||E Evans|
||P Denehey|
||S Foulkes|
||D Williams|
||D Owen|
||C Roberts|
|**Charity Registration Number**|223 677|
|**Principal Office**|1 Vaughan Street|
||Rhyl|
||LL18 1TB|
|**Independent Examiner**|Aston Hughes Ltd|
||Selby Towers|
||29 Princes Drive|
||Colwyn Bay|
||North Wales|
||LL29 8PE|
Page 1
## **RSPCA - Clwyd and Colwyn Branch**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2021.
## **Objectives and activities**
## _**Objects and aims**_
The objectives of the branch are to promote the work of the objectives of the National Society of the RSPCA, within Clwyd and Colwyn area.
The key aims are to provide subsidised veterinary treatment for animals which are sick or injured and belong to local people on low incomes. We do this through a voucher scheme. This work helps those on means tested benefits by giving them financial help to obtain care for their companion animals in need of veterinary treatment.
We also provide a subsidised neutering and microchipping of companion animals which helps to control dog and cat populations and promotes responsible pet ownership.
## _**Public benefit**_
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
2021 has been another challenging year. The year started with another lockdown which continued until late April before some relaxation of rules occurred.
The year started well with the appointment of a full-time veterinary surgeon, Olaz Iglesias and Carla Rossi Vetrinary Nurse who works two days a week.. The clinic opened for four long days a week. The clinic staff continued with the system devised in 2020 to safely manage the transfer of animals from the owners to clinic staff. The service delivered emergency care only until May when surgical procedures commenced along with the return of routine work.
Some rectification of the building works done by T H Williams had to be done. In preparation for the installation of the X Ray equipment special radioactive boarding had to be installed. We are indebted to West Gwynedd branch for the donation of £10,000-00 toward the X Ray machine which was more expensive than the original quote. It is anticipated that the Machine will be operational early in 2022. The clinic is looking forward to providing diagnostic and surgical procedures to clients from all the North Wales branches.
Our Vet, Olaz Iglasias ,resigned her post to pursue her career . The branch extend our thanks and wish her well in her new venture.
The number of animals seen this year is as follows:
||**2021**|**2020**|**2019**|
|---|---|---|---|
|Dogs|1,555|2,171|1,591|
|Cats|906|1,255|1,050|
|Other|36|38|75|
|Microchipped|-|-|294|
Page 2
## **RSPCA - Clwyd and Colwyn Branch**
## **Trustees' Report**
In May the clinic started to undertake surgical procedures: 128 animals treated, 135 procedures
The income generated from this activity was £15,008. It is estimated that the branch saved £5,688 in welfare vouchers to private vets. The branch continues to support feral cat communities by providing food, catching them and neutering, and returning to their community.
Our branch usually makes a financial contribution to the RSPCA Cymru Wales Board Fund. In recognition of the service provided to north Wales animals during the pandemic and for the huge cost in the work carried out on Bedford Street clinic. They very kindly agreed to waive our contribution for 2021. Out thanks to all the board members who supported the motion.
The Cats Protection Neutering Scheme continues to neuter cats throughout Wales . The total for the whole of wales was 1,753 Cats neutered in our area is 223, 110 males and 113 females. In January we terminated the contract for the cat rehoming office as a cost cutting exercise. The number of cats rehomed by the branch for 2021 was 26, down by 77 from 2020.
The branch has been assessed and accepted by the nursing veterinary college to train student veterinary nurses, Claire Darbey has been accepted for training in 2022.
The Trustees are tremendously proud of the contribution made by the dedicated team of the Clwyd and Colwyn Branch to animal welfare during the Covid 19 pandemic. The Clwyd and Colwyn branch received a commendation from the Wales Board and from the RSPCA Chief Executive for the service it provided in North Wales.
## **Financial review**
The Prestatyn shop only traded for a few weeks. A £10,000-00 grant from Denbighshire CC was most welcome.
A successful Grant application was made by Trustee Carol Roberts, to Rhyl Flat Windfarm. The grant for £2,500-00 stipulated it be used to purchase animal food. This food has been distributed through the Food Banks in Rhyl.
Income was down from the clinic as no routine treatment was allowed and again a grant of £10,000-00 was received for the clinic from Denbighshire CC.
Funds were made to the branch from the Mobile Clinic team for which we were most grateful. Two trustees have developed online sale of goods which brings in, small, but welcome income. Thank you, Sylvia and Sue.
## _**Principal funding sources**_
The main source of funding for these activities is from a RSPCA Headquarters grant from the house-to-house collection. This year we received £23,583-00. Our other source of income was from the Prestatyn and the new Rhyl shop which have not been able to trade normally as a result of the numerous Lockdowns due to the Covid 19. The branch did receive, under Covid 19 regulations grants of £20,000-00. Our thanks to go to Sylvia, Sue and Claire for setting up the Rhyl shop and to Carol for continuing to managing the Prestatyn shop, Also thanks go to the small group of volunteers that help in the shops.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity (RSPCA Clwyd and Colwyn Branch) is constituted as an unicorporated association. The charity operates as an autonomous branch of the National RSPCA subject to its rules for branches (updated in 2006).
Page 3
## **RSPCA - Clwyd and Colwyn Branch**
## **Trustees' Report**
## _**Organisational structure**_
A committee is elected at the AGM and governs the branch, who are trustees of the branch. All trustees are briefed on their responsibilities as trustees prior to their acceptance of the role. The trustees regularly review risks which the charity faces on a regular basis covering operational and financial reviews. The trustees also identify other operational and business risks which have been identified as:
1. Inability to operate the shops or the animal welfare clinic due to fire or other destruction.
2. Loss of reputation through fraud or error.
3. Loss of income through fraud or error.
4. Insufficient funds to cover the cost of animal welfare activities.
The trustees hold meetings alternate months at which decisions are made. The management of the clinic is delegated to the clinic manager as is the Prestatyn shop.
Trustees who served during the period:
Lynn Baxendale Philomena Denehy Elaine Evans Sue Foulkes Sylvia Moss (Treasurer) Dianna Owen Carol Roberts Irene Train (Secretary) David Williams (Chairman) Sybil Nowland (retired 30 June 2021) Victoria Baines (resigned 25 March 2021) Miriam Forder (resigned 30 June 2021) Lorraine Worthington (resigned 25 March 2021)
The annual report was approved by the trustees of the charity on 31 March 2022 and signed on its behalf by:
......................................... I Train Trustee
Page 4
## **RSPCA - Clwyd and Colwyn Branch**
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 31 March 2022 and signed on its behalf by:
......................................... I Train Trustee
Page 5
## **RSPCA - Clwyd and Colwyn Branch**
## **Independent Examiner's Report to the trustees of RSPCA - Clwyd and Colwyn Branch**
I report to the trustees on my examination of the accounts of RSPCA - Clwyd and Colwyn Branch for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of RSPCA - Clwyd and Colwyn Branch you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the RSPCA - Clwyd and Colwyn Branch's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of RSPCA - Clwyd and Colwyn Branch as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
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 accounts to be reached.
...................................... Mr Andrew D Erasmus BSc, FCA for and on behalf of Aston Hughes Ltd Chartered Accountants
Selby Towers 29 Princes Drive Colwyn Bay North Wales LL29 8PE
31 March 2022
Page 6
## **RSPCA - Clwyd and Colwyn Branch**
## **Statement of Financial Activities for the Year Ended 31 December 2021**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17
**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Investment income
5
Total Income
**Expenditure on:**
Raising funds
Charitable activities
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
17|**Unrestricted**
**£**
38,104
118,499
26,215
1
182,819
(13,784)
(227,410)
(241,194)
(58,375)
570,165
511,790
**Unrestricted**
**£**
63,091
158,280
28,619
1,009
250,999
(3,887)
(211,752)
(215,639)
35,360
534,805
570,165|**Total**
**2021**
**£**
38,104
118,499
26,215
1|
|---|---|---|
|||182,819|
|||(13,784)
(227,410)|
|||(241,194)|
|||(58,375)
570,165|
|||511,790|
|||**Total**
**2020**
**£**
63,091
158,280
28,619
1,009|
|||250,999|
|||(3,887)
(211,752)|
|||(215,639)|
|||35,360
534,805|
|||570,165|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 17.
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
## **RSPCA - Clwyd and Colwyn Branch**
## **(Registration number: 223 677) Balance Sheet as at 31 December 2021**
|**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Investments
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
17|**2021**
**£**
230,595
-
290,078
290,078
(8,883)
281,195
511,790
511,790
511,790|**2020**
**£**
215,929
17,120
340,627|
|---|---|---|
|||357,747
(3,511)|
|||354,236|
|||570,165|
|||570,165|
|||570,165|
The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on 31 March 2022 and signed on their behalf by:
......................................... I Train Trustee
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
RSPCA - Clwyd and Colwyn Branch meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Other trading activities**_
Shop income is recognised as earned (that is, as the related goods or services are provided).Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## _**Investment income**_
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Page 9
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Land and buildings|2% straight line basis|
||33% straight line basis on office|
|Furniture and equipment|equipment and 25% reducing balance|
||method on fixtures & fittings|
|Motor vehicles|25% straight line basis|
Page 10
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **Current asset investments**
Current asset investments are included at the lower of cost and net realisable value / market value.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Legacies
Regular giving and capital donations
**3**
**Income from charitable activities**
UK Government grants
Grants - other agencies
Clinic donations|**Unrestricted**
**funds**
**General**
**£**
37,804
-
300
38,104
**Unrestricted**
**General**
**£**
10,673
10,000
97,826
118,499|**Total**
**2021**
**£**
37,804
-
300
38,104
**Total**
**2021**
**£**
10,673
10,000
97,826
118,499|**Total**
**2020**
**£**
29,203
33,549
339|
|---|---|---|---|
||||63,091|
||||**Total**
**2020**
**£**
-
32,461
125,819|
||||158,280|
- **4 Income from other trading activities**
Page 11
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
|Trading income;
Shop income from sale of donated goods and
services
Covid grant income
**5**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**6**
**Expenditure on charitable activities**
**Note**
Veterinary fees and drugs
Welfare assistance
HQ - Branch contribution
VAT refunds
Motor expenses
Rent
Light and heat
Repairs and maintenance
Travelling
Insurance
Telephone and fax
Computer software and maintenance
costs
Printing, postage and stationery
Sundry expenses
Bank charges
Depreciation, amortisation and other
similar costs
Staff costs
Governance costs|**Unrestricted**
**funds**
**General**
**£**
16,215
10,000
26,215
**Unrestricted**
**funds**
**General**
**£**
1
**Unrestricted**
**funds**
**General**
**£**
42,310
42,112
-
-
3,493
1,382
2,654
1,896
312
622
2,170
1,632
552
895
2,412
16,779
107,049
1,140
227,410|**Total**
**2021**
**£**
16,215
10,000
26,215
**Total**
**2021**
**£**
1
**Total**
**2021**
**£**
42,310
42,112
-
-
3,493
1,382
2,654
1,896
312
622
2,170
1,632
552
895
2,412
16,779
107,049
1,140
227,410|**Total**
**2020**
**£**
8,619
20,000|
|---|---|---|---|
||||28,619|
||||**Total**
**2020**
**£**
1,009|
||||**Total**
**2020**
**£**
62,884
28,187
3,308
(2,455)
1,800
(5)
5,318
-
3,457
-
4,675
(528)
4,143
47
2,552
16,867
80,602
900|
||||211,752|
Page 12
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **7 Analysis of governance and support costs**
|**Governance costs**
Independent examiner fees
Examination of the financial statements|**Unrestricted**
**funds**
**General**
**£**
1,140
1,140|**Total**
**2021**
**£**
1,140
1,140|**Total**
**2020**
**£**
900|
|---|---|---|---|
||||900|
Page 13
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **8 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
|Depreciation of fixed assets|**2021**
**£**
16,779|**2020**
**£**
16,867|
|---|---|---|
## **9 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **10 Staff costs**
The aggregate payroll costs were as follows:
|The aggregate payroll costs were as follows:|||
|---|---|---|
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2021**
**£**
98,184
5,402
3,463
107,049|**2020**
**£**
77,719
763
2,120|
|||80,602|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
|Clinic
No employee received emoluments of more than £60,000 during the year
**11 Independent examiner's remuneration**
Examination of the financial statements|**2021**
**No**
3
**2021**
**£**
1,140|**2020**
**No**
3|
|---|---|---|
|||**2020**
**£**
900|
Page 14
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **12 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **13 Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Cost**
At 1 January 2021
227,568
Additions
19,234
At 31 December 2021
246,802
**Depreciation**
At 1 January 2021
32,639
Charge for the year
4,936
At 31 December 2021
37,575
**Net book value**
At 31 December 2021
209,227
At 31 December 2020
194,929
**14 Current asset investments**
Cash deposits
**15 Cash and cash equivalents**
Cash at bank
**16 Creditors: amounts falling due within one year**
Other taxation and social security
Accruals|**Furniture and**
**equipment**
**£**
43,916
12,211
56,127
26,363
9,407
35,770
20,357
17,553|**Furniture and**
**equipment**
**£**
43,916
12,211
56,127
26,363
9,407
35,770
20,357
17,553|**Motor vehicles**
**£**
9,744
-
9,744
6,297
2,436
8,733
1,011
3,447
**2021**
**£**
-
**2021**
**£**
290,078
**2021**
**£**
1,305
7,578
8,883|**Motor vehicles**
**£**
9,744
-
9,744
6,297
2,436
8,733
1,011
3,447
**2021**
**£**
-
**2021**
**£**
290,078
**2021**
**£**
1,305
7,578
8,883|**Total**
**£**
281,228
31,445
312,673
65,299
16,779
82,078
230,595
215,929
**2020**
**£**
17,120|
|---|---|---|---|---|---|
||56,127||9,744|||
||26,363
9,407||6,297
2,436|||
||35,770||8,733|||
||20,357||1,011|||
||17,553||3,447|||
||||**2021**
**£**
-
**2021**
**£**
290,078
**2021**
**£**
1,305
7,578
8,883|||
||||||**2020**
**£**
340,627|
||||||**2020**
**£**
-
3,511|
||||||3,511|
Page 15
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **17 Funds**
|**17 Funds**|||||
|---|---|---|---|---|
|**Unrestricted funds**
General
**Unrestricted**
**_Unrestricted general funds_**
General funds|**Balance at 1**
**January 2021**
**£**
570,165
**Balance at 1**
**January 2020**
**£**
534,805|**Incoming**
**resources**
**£**
182,819
**Incoming**
**resources**
**£**
253,454|**Resources**
**expended**
**£**
(241,194)
**Resources**
**expended**
**£**
(218,094)|**Balance at 31**
**December**
**2021**
**£**
511,790|
|||||**Balance at 31**
**December**
**2020**
**£**
570,165|
## **18 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
230,595
290,078
(8,883)
511,790
**Unrestricted**
**funds**
**General**
**£**
215,929
357,747
(3,511)
570,165|**Total funds at**
**31 December**
**2021**
**£**
230,595
290,078
(8,883)|
|---|---|---|
|||511,790|
|||**Total funds at**
**31 December**
**2020**
**£**
215,929
357,747
(3,511)|
|||570,165|
Page 16
## **RSPCA - Clwyd and Colwyn Branch**
## **Notes to the Financial Statements for the Year Ended 31 December 2021**
## **19 Analysis of net funds**
|**19 Analysis of net funds**||||
|---|---|---|---|
|Cash at bank and in hand
Current asset investments
Net debt
Cash at bank and in hand
Current asset investments
Net debt|**At 1 January**
**2021**
**£**
340,627
17,120
357,747|**Financing cash**
**flows**
**£**
-
(17,120)
(17,120)
**At 1 January**
**2020**
**£**
356,066
17,120
373,186|**At 31**
**December**
**2021**
**£**
340,627
-|
||||340,627|
||||**At 31**
**December**
**2020**
**£**
356,066
17,120|
||||373,186|
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