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2020-12-31-accounts

Page
Trustees
report		 1-9
Statement
oftrustees		 responsibilities 10
Independent
auditor's		 report 11-14
Statement offinancial activities 15
Balance sheet 16
Statement ofcash flows
Notes to the financial statements 18-39

Reference Reference and administrative details
Registered charity name Royal Society for the Prevention of Cruelty toAnimals,
Llys Nini Branch - Cardiff to Swansea
Known as RSPCA, Llys Nini Branch - Cardiff to Swansea
Charity number 224337
Princi pal office Llys Nini Animal Centre
Penllergaer
Swansea
SA4 9WB
President Martin Trainer
Vice Presidents Joe and Lacey Allen
Kevin Johns
Trustees Sally Hyman
(Chair)
Jill Fordham
(Vice Chair)
Claire Chappell (Secretary)
Nathan
Morris (Treasurer)
Catherine
Thomas
Jean Rawlings
Rev Stephen Jenkyns
Rev Elaine Jenkyns
Rebecca Miles
Patricia Flint - Resigned 29/09/2020
Deirdre Magoris
Robert Davies
Auditors Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 SAB
Bankers and portfolio managers Barclays Bank Pic
70The Kingsway
Swansea
SA1 5JB
Investment advisors Watermark
Financial		 Planning
1st Floor
98Walter Road
Swansea
SA1 5QJ
Legal advsiors JCP Solicitiors

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2020f 2020
6		 2020
6		 2019
6		 2019
6		 2019
6
Income and endowments from
Donations
and legacies		 3 678,347 678,347 246,576 246,576
Charitable
activities		 4 383,189 196,135 579,324 147,381 81,908 229,289
Other trading
activities		 5 689,683 689,683 1,055,505 1,055,505
Investments 6 7,711 7,711 6,761 6,761
Other income 7 22,505 22,505 1,500 1,500
Total income 1,781,435 196,135 1,977,570 1,457,723 81,908 1,539,631
~E*
di
Raising funds 8 707,816 707,816 836,626 836,626
Charitable
activities		 9 476,053 215,737 691,790 649,105 62,494 711,599
Total resources
expended 1,183,869 215,737 1,399,606 1,485,731 62,494 1,548,225
Net gains/(losses) on
investments 13 81,318 81,318 131,242 131,242
Net movement
in		 funds 678,884 (19,602) 659,282 103,234 19,414 122,648
Fund balances at 1
January 2020 3,168,189 508,095 3,676,284 3,064,955 488,681 3,553,636
Fund balances at 31
December 2020 3,847,073 488,493 4,335,566 3,168,189 508,095 3,676,284

2020 2019
Notes 6 8
Fixed assets
Tangible assets 14 1,508,105 1,456,365
Investments 15 1,514,878 1,431,419
3,022,983 2,887,784
Current assets
Stocks 17 14,362 22,822
Debtors 18 257,200 285,870
Cash at bank and in hand 1,198,698 632,004
1,470,260 940,696
Creditors: amounts falling due within
one year 19 (157,677) (152,196)
Net current assets 1,312,583 788,500
Total assets less current liabilities 4,335,566 3,676,284
Income funds
Restricted funds 22 488,493 508,095
t d
Designated funds 23 1,728,226 1,735,619
General unrestricted funds 2,118,847 1,432,570
3,847,073 3,168,189
hh t» t t t t Pd ddt th h t.ly. 4,335,566
.nag. .
.		 3,676,284
J Fordham Hymen
Trustee Chair

2020 2019
Notes E g 8
Cash flows from operating activities
Cash generated
from operations		 27 700,356 90,910
Investing activities
Purchase oftangible
fixed assets		 (139,232) (116,566)
Proceeds on disposal oftangible fixed
assets 1,500
Purchase of investments (349,990) (180,475)
Proceeds on disposal of investments 347,849 182,668
Investment income received 7,711 6,761
Net cash used in investing activities (133,662) (106,112)
Net cash used in financing activities
Net Increase/(decrease)
in		 cash and cash
equivalents 566,694 (15,202)
Cash and cash equivalents at beginning ofyear 632,004 647,206
Cash and cash equivalents at end ofyear 1,198,698 632,004

Unrestricted Unrestricted
funds funds
2020 2019
6 F
Donations and gifts 167,530 144,519
Legacies receivable 510,817 102,057
678,347 246,576

2020 2019
6 6
Adoptions,
claiming		 and housing 74,866 107,486
Clinic and miscellaneous receipts 19,323 25,862
Regional grant - neutering program 2,048 4,858
Grants received 483,087 91,083
579,324 229,289
Analysis
by fund
Unrestricted
funds		 383,189 147,381
Restricted
funds		 196,135 81,908
579,324 229,289
Grants
Coronavirus
Job Retention Scheme		 179,154
Retail Support grants 289,000
Dwr Cymru 500
Petplan 4,250
Pets at Home 10,183 3,365
Moondance
Foundation		 50,000
Austin
Bailey Foundation		 500
HSBC 12,436
Swansea CVS 3,000
Spears 500
The Millenium
Stadium		 Charitable Trust 4,614
Big Lottery Fund 16,667
483,087 91,083

Unrestricted Unrestricted
funds funds
2020 2019
6 f
Charity shops 433,612 880,228
Special events 192,314 113,817
Rent income 56,218 54,999
Miscellaneous 7,539 6,461
Other trading activities 689,683 1,055,505
6 Investments
Unrestricted Unrestricted
funds funds
2020 2019
6
Money market interest 5,150 3,784
Interest receivable 2,561 2,977
7,711 6,761
7 Other income
Unrestricted Unrestricted
funds funds
2020 2019
6 f
Net gain on disposal oftangible fixed assets 1,500
RSPCA Brecknock and District Branch 22,505
22,505 1,500

Unrestricted Unrestricted
funds funds
2020 2019
Rent, rates, light and heat 206,078 255,449
Insurance 6,248 5,832
Maintenance and repairs 12,109 15,206
Waste disposal and cleaning 9,761 5,829
Advertising 2,589
Other fundraising costs 20,388 15,547
Staff costs 407,354 452,878
Support costs 13,838 30,241
Shop goods for resale 16,285 37,885
Postage, stationery and telephone 2,689 526
Governance support costs 3,210 4,347
Investment management 9,856 10,297
707,816 836,626

2020 2019f
Staff costs 425,161 389,459
Rent, rates, light and heat 21,352 23,079
Insurance 2,436 2,400
Maintenance
and repairs		 13,367 23,379
Waste disposal
and		 cleaning 13,227 16,933
Telephone 3,033 2,801
Travel and subsistence 1,621 3,194
Shop goods for resale 14,555 28,013
Vet fees, medicine and welfare costs 64,052 98,078
Food and pet supplies 17,815 25,363
Postage, stationery, computer costs and advertising 12,043 4,709
Stafftraining 300 733
Staff uniforms 51 1,655
Miscellaneous
costs		 1,731 1,840
590,744 621,636
Share ofsupport costs (see note 10) 97,836 85,616
Share ofgovernance costs (see note 10) 3,210 4,347
691,790 711,599
Analysis
by fund
Unrestricted
funds		 476,053
Restricted
funds		 215,737
691,790

10 Support costs Support costs
Support Governance 2020 Support Governance 2019
costs costs costs costs
E E f E
Depreciation 87,492 87,492 90,135 90,135
Bank and credit card
charges 3,861 3,861 13,018 13,018
Professional charges 19,666 19,666 11,094 11,094
Contribution to HQ and
region 551 551 1,610 1,610
Bad debts written off 104 104
Audit fees 4,150 4,150 5,200 5,200
Trustees expenses 1,204 1,204
Accountancy fees 2,270 2,270 2,290 2,290
111,674 6,420 118,094 115,857 8,694 124,551
Analysed
between
Fundraising 13,838 3,210 17,048 30,241 4,347 34,588
Charitable
activities		 97,836 3,210 101,046 85,616 4,347 89,963
111,674 6,420 118,094 115,857 8,694 124,551

2020 2019
Number Number
Management and administration 4 4
Animal care 22 25
Shops 18 18
44 47
Employment costs 2020 2019
8 6
Wages and salaries 760,732 772,562
Social security costs 43,955 42,412
Other pension costs 27,828 27,363
832,515 842,337

Net gains/(l oss es)
on investments
Unrestricted Unrestricted
funds funds
2020 2019
f. f.
Revaluation of investments 81,318 131,242

14 Tangible fixed assets
Freehold land Fixtures and Clinic Motor vehicles Total
and buildings fittings equipment
8 8 6
Cost
At 1 January 2020 2,116,116 834,330 4,125 26,985 2,981,556
Additions 139,232 139,232
Disposals (41,344) (41,344)
At 31 December 2020 2,116,116 932,218 4,125 26,985 3,079,444
Depreciation
and impairment
At 1 January 2020 850,962 650,680 4,125 19,424 1,525,191
Depreciation
charged		 in the year 37,028 47,332 3,132 87,492
Eliminated
in respect ofdisposals		 (41,344) (41,344)
At 31 December 2020 887,990 656,668 4,125 22,556 1,571,339
Carrying
amount
At 31 December 2020 1,228, 126 275,550 4,429 1,508,105
At 31 December 2019 1,265, 154 183,650 7,561 1,456,365
15 Fixed asset investments
Listed Cash in Total
investments porffolio
6
Cost or valuation
At 1 January 2020 1,429,220 2,199 1,431,419
Additions 349,990 349,990
Valuation changes 81,318 81,318
Cash movement 2,144 2,144
Disposals (349,993) (349,993)
At 31 December 2020 1,510,535 4,343 1,514,878
Carrying
amount
At 31 December 2020 1,510,535 4,343 1,514,878
At 31 December 2019 1,429,220 2,199 1,431,419
16 Financial
instruments		 2020 2019
6 8
Carrying
amount offinancial assets
Instruments
measured		 at fair value through profit or loss 1,510,535 1,429,220

17 Stocks
2020 2019
6
Stock 14,362 22,822
18 Debtors
2020 2019
Amounts
falling due		 within one year: 6 5
Trade debtors 2,494 19,807
Other debtors 119,550 159,935
Prepayments and accrued income 135,156 106,128
257,200 285,870
19 Creditors: amounts falling due within one year
Notes 2020f 2019
8
Other taxation and social security 21,875 20,081
Deferred income 20 18,000
Trade creditors 29,633 36,308
Other creditors 61,703 69,237
Accruals 26,466 26,570
157,677 152,196

2020f 2019
6
Arising from grants 18,000
Deferred income is included in the financial statements as follows:
2020 2019
6 6
Balance brought forward 6,667
Income received 307,000
Income released (289,000) (6,667)
Balance carried forward 18,000

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Balance et Transfers Balance at Transfers Balance at
1 January 2019 1 January
2020		 3t December
2020
6 6
Shop rent 200,000 200,000 200,000
Cardiff rehoming facility 500,000 500,000 500,000
Fixed asset fund 1,035,619 1,035,619 (7,393) 1,028,226
700,000 1,035,619 1,735,619 (7,393) 1,728,226

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under non-cancellable
operating
leases, which fall due		 as follows:
2020f 2019
Within one year 123,475 148,072
Between two and five years 193,279 333,263
316,754 481,335

2020 2019
Within one year 76,000 76,000
Between two and five years 178,583 221,583
In over five years 440,000 473,000
694,583 770,583

27 Cash generated
from		 operations operations 2020
6		 2019f
Surplus for the year 659,282 122,648
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (7,711) (6,761)
Gain on disposal oftangible
fixed assets		 (1,500)
Fair value gains and losses on investments (81,318) (131,242)
Depreciation
and impairment
oftangible fixed assets		 87,492 90,135
Movements
in working		 capital:
Decrease/(increase)
in		 stocks 8,460 (5,135)
Decrease/(increase)
in		 debtors 28,670 (1,976)
(Decrease)gincrease
in		 creditors (12,519) 31,408
Increase/(decrease)
in		 deferred income 18,000 (6,667)
Cash generated
from		 operations 700,356 90,910
28 Analysis
ofchanges		 in net funds
The charity had no debt during the year.