2021-12-31-accounts - RSPCA Llys Nini Carmarthenshire to Cardiff

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Reference	and administrative
Registered	charity name	Royal Society for the		Prevention			ofCruelty to Animals,
		Llys Nini Branch	—Cardiff		to Swansea
Known as		RSPCA, Llys Nini Branch			-	Cardiff to Swansea
Charity number		224337
Principal office		Llys Nini Animal	Centre
		Penllergaer
		Swansea
		SA4 9WB
President		Martin Trainer
Vice Presidents		Joe and Lacey Allen
		Kevin Johns
		Peter Black
Trustees		Sally Hymen (Chair)
		Jill Fordham (Vice Chair)
		Claire Chappell	(Secretary)
		iwan Ress -Appointed		23/11/21
		Alison Spence -Appointed				27/7/21
		Howard Spence	-Appointed			27/7/21
		Steve Wilson -Appointed			8/6/21
		Robert Davies
		Deirdre Magoris
		Rebecca Mlles
		Rev Elaine Jenkyns
		Rev Stephen Jenkyns
		Jean Rawlings
Auditors		Azets Audit Services
		Ty Derw
		Lime Tree Court
		Cardiff Gate Business		Park
		Cardiff
		CF23 8AB
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	Legal advsiors		JCP Solicitiors
			Swansea Enterprise		Park
			Venture Court
			Waterside Business		Park
			Valley Way
			Swansea
			SAS SAH
Key management		personnel	Mr David Stokes	—Branch		Executive
			Mrs Claire Phillips -		Brannch Finance Manager
			Mr Gary Weeks -Animal			Centre Manager
			Mrs Kim Williams	-Area Shop Manager
The trustees	report	was approved	by the Board ofTrustees.
SHyman

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
	Notes		2021 6	2021 6	2021 6	2020f	2020 6	2020 6
ncome and endowments		from:
Donations and legacies		3	408,508	20,000	428,508	678,347		678,347
Charitable activities		4	220,698	108,397	329,095	383,189	196,135	579,324
Other trading activities		5	881,117		881,117	689,683		689,683
Investments		6	4,119		4,119	7,711		7,711
Otherincome		7	3,578		3,578	22,505		22,505
Total income			1,518,020	128,397	1,646,417	1,781,435	196,135	1,977,570
~Ex e~ndi ~rfb
Raising funds		8	632,072	89,123	721,195	707,816		707,816
Charitable activities		9	615,261	32,463	647,724	476,053	215,737	691,790
Total resources
expended			1,247,333	121,586	1,368,919	1,183,869	215,737	1,399,606
Net gains/(losses)	on
investments		13	53,675		53,675	81,318		81,318
Net movement In	funds		324,362	6,811	331,173	678,884	(19,602)	659,282
Fund balances at 1
January 2021			3,847,073	488,493	4,335,566	3,168,189	508,095	3,676,284
Fund balances at	31
December 2021			4,171,435	495,304	4,666,739	3,847,073	488,493	4,335,566

					2021	2020
				Notes		6
Fixed assets
Tangible assets				14	1,446,158		1,508,105
Investm ants				15	1,570,205		1,514,878
					3,016,363		3,022,983
Current assets
Stocks				17	13,652	14,362
Debtors				18	372,255	257,200
Cash at bank and in		hand			1,427,846	1,198,698
					1,813,753	1,470,260
Creditors: amounts		falling due within
one year				19	(163,377)	(157,677)
Net current assets					1,650,376		1,312,583
Total assets less current liabilities					4,666,739		4,335,566
Income funds
Restricted funds U~ti dh	d			22	495,304		488,493
Designated funds				23	1,879,466	1,728,226
General unrestricted		funds			2,291,969	2,118,847
					4,171,435		3,847,073
					4,666,739		4,335,566
The financial statements			were approved	by the Trustees	on ..........8:.........
Iwan Rees					8 Hymen
Trustee					Chair

				2021		2020
			Notes	5		6
Cash flows from operating		activities
Cash generated from operations			27		253,348		700,356
Investing	activities
Purchase	oftangible fixed assets			(33,393)		(139,232)
Proceeds	on disposal oftangible fixed
assets				6,726
Purchase	of investments					(349,990)
Proceeds	on disposal of investments			(1,652)		347,849
Investment	income received			4,119		7,711
Net cash	used in Investing	activities			(24,200)		(133,662)
Net cash	used in financing	activities
Net increase In cash and cash equivalents					229,148		566,694
Cash and	cash equivalents	at beginning	ofyear		1,198,698		632,004
Cash and	cash equivalents	at end of	year		1,427,846		1,198,698

1	Accounting policies
	Charity information
	Royal Society for the Prevention of Cruelty to Animals, Llys Nini Branch - Cardiff to Swansea is an
	unincorporated charity whose principal office is Llys Nini Animal Centre, Penllergaer, Swansea, SA4 gyyB.
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 Reporbng by Charities: Statement of Recommended	Practice
	applicable to charities prepaiing their accounts in accordance with the Financial Reporting		Standard
	applicable in the UK and	Republic of Ireland (FRS 102)(effective 1 January 2019)".The charity	is a Public
	Benefit Entity as defined	by FRS102.
	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 ofthe charity.	Monetary
	amounts in these financial	statements are rounded ta the nearest E.
	The financial statements	have been prepared under the historical cost convention, modified	to 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 af 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.
	Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
	purposes. The purposes	and uses of the designated funds are set out in the notes to the financial
	statements.
	Restricted funds are subject to specific conditions by donors as to how they may be used. The		purposes
	and uses ofthe restricted	funds are set out in the notes to the financial statements.
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
	ofthe 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. Ifthe amount is not known, the legacy		is treated
	as a contingent asset.

		Unrestdicted	Restricted	Total	Unrestricted
		funds	funds		funds
		2021	2021 8	2021 6	2020f
Donations	and gifts	160,659	20,000	180,659	167,530
Legacies	receivable	247,849		247,849	510,817
		40S,508	20,000	42S,508	678,347

				2021	2020
				6	6
Adcptions,	claiming	and housing		64,370	74,866
Clinic and	miscellaneous		receipts	6,839	19,323
Regional grant - neutering			program		2,048
Grants received				257,886	483,087
				329,095	579,324
Analysis by fund
Unrestricted	funds			220,698	383,189
Restricted	funds			108,397	196,135
				329,095	579,324
Grants
Coronavirus	Job Retention		Scheme	78,388	179,154
Retail Support grants				145,000	289,000
Dwr Cymru					500
Petplan					4,250
Pets at Home				2,489	10,183
Adoption for Pets Support				2,000
PET				800
Myndydd y	Gwair			13,276
Kickstart				15,933
				257,886	483,087

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6
Charity shops		673,591	433,612
Special events		134,988	192,314
Rent income		58,223	56,218
Miscellaneous		14,315	7,539
Other trading	activities	881,117	689,683
Investments
		Unrestricted	Unrestricted
		funds	funds
		2021 6	2020f
Money market	interest	2,669	5,150
Interest receivable		1,450	2,561
		4,119	7,711

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	f
Net gain on disposal oftangible	fixed assets	3,576
RSPCA Brecknock and District	Branch		22,505
		3,578	22,505

			Unrestricted	Restricted	Total	Unrestricted
			funds	funds		funds
			2021	2021	2021	2020
			8	8	8	2
Rent, rates,	light	and heat	180,440		180,440	206,078
Insurance			7,975		7,975	6,248
Maintenance	and repairs		6,240		6,240	12,109
Waste disposal		and cleaning	9,811		9,811	9,761
Other fundraising		costs	16,631		16,631	20,388
Staffcosts			350,088	89,123	439,211	407,354
Support costs			30,723		30,723	13,838
Shop goods	for	resale	22,253		22,253	16,285
Postage, stationery and telephone			2,942		2,942	2,689
Governance	support costs		4,568		4,568	3,210
Investment	management		401		401	9,856
			632,072	89,123	721,195	707,816

			2021	2020
			8
Staff costs			375,834	425,161
Rent, rates, light and		heat	25,091	21,352
Insurance			2,848	2,436
Maintenance and repairs			17,040	13,367
Waste disposal and		cleaning	16,307	13,227
Telephone			2,701	3,033
Travel and subsistence			430	1,621
Shop goods for resale			13,824	14,555
Vet fees, medicine	and welfare costs		73,789	64,052
Food and pet supplies			9,418	17,815
Postage, stationery,		computer costs and advertising	8,702	12,043
Staff training			391	300
Staff uniforms			2,121	51
Miscellaneous costs			413	1,731
			546,909	590,744
Share ofsupport costs (see note 10)			94,247	97,836
Share ofgovernance		costs (see note 10)	4,568	3,210
			647,724	691,790
Analysis by fund
Unrestricted funds			615,261
Restricted funds			32,463
			647,724

Support costs	Support costs	Support costs
				Support	Governance	2021	Support	Governance	2020
				COStS	COStS		costs	costs
				E	E		E	E
Depreciation				92,190		92,190	87,492		87,492
Bank and	credit card
charges				12,887		12,887	3,861		3,861
Professional		charges		12,755		12,755	19,666		19,666
Contribution		to HQ and
region				7,138		7,138	551		551
Bad debts	written		off				104		104
Audit fees					4,875	4,875		4,150	4,150
Outreach	work				1,991	1,991
Accountancy		fees			2,270	2,270		2,270	2,270
				124,970	9,136	134,106	111,674	6,420	118,094
Analysed	between
Fundraising				30,723	4,568	35,291	13,838	3,210	17,048
Charitable	activities			94,247	4,568	98,815	97,836	3,210	101,046
				124,970	9,136	134,106	111,674	6,420	118,094

		2021	2020
		Number	Number
Management	and administration	7	4
Animal care		21	22
Shops		21	18
			44
Employment	costs	2021	2020
		6	6
Wages and salaries		754,114	760,732
Social security costs		43,130	43,955
Other pension costs		17,801	27,828
		815,045	832,515

Unrestricted	Unrestricted
funds	funds
2021 6	2020f
53,675	81,318

Tangible fixed assets	Tangible fixed assets
			Freehold land	Fixtures and	Canlc Motor vehicles		Total
			and buildings	fittings	equipment
			8	8	9	9
Cost
At 1 January	2021		2,116,116	932,218	4,125	26,985	3,079,444
Additions				20,574		12,819	33,393
Disposals						(13,990)	(13,990)
At 31 December 2021			2,116,116	952,792	4,125	25,814	3,098,847
Depreciation	and impairment
At 1 January	2021		887,990	656,668	4,125	22,556	1,571,339
Depreciation	charged	in the year	33,961	58,308		1,923	92,192
Eliminated in	respect ofdisposals					(10,842)	(10,842)
At 31 December 2021			921,951	712,976	4,125	13,637	1,652,689
Carrying amount
At 31 December 2021			1,194,165	239,816		12,177	1,446,158
At 31 December 2020			1,228,126	275,550		4,429	1,508,105

Fixed asset investmen	ts
			Listed	Cash in	Total
			investments	portfolio
Cost or valuation
At1 January 2021			1,510,535	4,343	1,514,878
Valuation changes			53,675		53,675
Cash movement				1,652	1,652
At 31December 2021			1,564,210	5,995	1,570,205
Carrying amount
At 31 December 2021			1,564,210	5,995	1,570,205
At 31 December 2020			1,510,535	4,343	1,514,878
Financial instruments				2021	2020
				f.	f
Carrying amount offinancial assets
instruments measured	at fair value through	profit or loss		1,570,205	1,514,878

17	Stocks
					2021	2020
					6	6
	Stock				13,652	14,362
18	Debtors
					2021	2020
	Amounts falling due		within one year:		6	6
	Trade debtors				6,894	2,494
	Other debtors				238,799	119,550
	Prepayments	and accrued income			126,562	135,156
					372,255	257,200
19	Creditors: amounts		falling due within one year
					2021	2020
				Notes	6
	Other taxation	and social security			19,791	21,875
	Deferred income			20	9,000	16,000
	Trade creditors				35,862	29,633
	Other creditors				76,616	61,703
	Accruals				22,108	26,466
					163,377	157,677

				2021	2020
				8	2
Arising	from grants			9,000	18,000
Deferred income is included		in the financial statements	as follows:
				2021	2020
					8
Balance	brought forward			18,000
Income	received			9,000	307,000
Income	released			(18,000)	(289,000)
Balance	carried forward			9,000	18,000

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		Balance al	Transfers	Balance et	Transfers	Balance at
		1January 2020	1	January 2021		31 December
						2021
						6
Shop rent		200,000		200,000		200,000
Cardiff rehorning	facility	500,000		500,000		500,000
Fixed asset fund		1,035,619	(7,393)	1,028,226	(48,760)	979,466
Centre upgrade					100,000	100,000
Dog run					100,000	100,000
		1,735,619	(7,393)	1,728,226	151,240	1,879,466

	2021	2020
	6	5
Within one year	92,279	123,475
Between two and five years	200,069	193,279
	292,348	316,754

	2021	2020
	6
Within one year	76,000	76,000
Between two and five years	135,583	178,583
ln over five years	407,000	440,000
	618,583	694,583

27	Cash generated from	operations	operations				2021	2020
							5
	Surplus for the year						331,173	659,282
	Adjustments for:
	Investment income recognised		in statement		offinancial	activiTies	(4,119)	(7,711)
	Gain on disposal oftangible fixed assets						(3,577)
	Fair value gains and losses on		investments				(53,675)	(81,318)
	Depreciation and impairment oftangible			fixed assets			92,190	87,492
	Movements in working	capital:
	Decrease in stocks						711	8,460
	(Increase)/decrease in	debtors					(115,055)	28,670
	Increase/(decrease) in	creditors					14,700	(12,519)
	(Decrease)/increase in	deferred	income				(9,000)	18,000
	Cash generated from	operations					253,348	700,356
28	Analysis ofchanges	in net funds
	The charity had no debt during		the year.