Charfty finer. 224337 Royal Society for the Prevention of Cruelty to Anlmals, Uys Nlnl Braneh - Cardlff to Swansea TRUSTEES, REPORT AND FINANCIAL STATEMENT8 FOR THE YEAR ENDED 310ECEMBER 2023
Royal Soclety for the Preventlon of Cruelty to Anlmals. Llys Nlni Branch - Cardlff to Swansea ONTEKrs Page Tru8te¢•' rnport Tru•tee' r•iponalbllFts stlteme Indepondent audltor•' r•port on th¢ lIn•D¢I 8tst•m•nt• St4t•m•nt olflnanelal ¢ifvitk 10-13 14 Balanc• h••t Is st•tIml ol cuh flows 16- 17 Notsa to th• IInan¢1 •tat•m•nt• 18-51
Royal Soclety for the Preventlon of Cruelty to Anlmals. Llys Nlnl Branch - Cardlff to Svmnsea YRUSTEES, REPORT FOR THE YEAR ENDED 31 DEGEMBER 2023 The Trusle•$ premnt thair qnnual rewl and 61#ernwts lortthry yeor erthd 31 0¢¢>¥ 2023. The financial slaternents hav8 been wepwed in accrthnce wth the accounting poh"cie$ $¢1 wt In th8 notes to the fin0nd ¥t4ternents ond cornpty with Iho charrts govemiw do0jmt, Ihv ch)rit Act 2011 and'AccouDttng and Rwir¥J by ChAriti•¥." Sl•tfjrnenl of Re¢red Practice 8)1&1• to chariue8 prepanng their accoun18 in accordance wilh thé Finan¢K71 Reporbng Sl•nd•rtl in kne UK and Republic of Ifdand IFRS 1021 leffecbv• 1 Jonuory 20191.. Oblectlve• •nd •¢tlvhl The RSPCA Uys Nini 8r8nth i¥ 8n nIncorpor•Ie tharrt•bts •ssw•llm •nd • syr&idy réglstafed 1ch of th¢ Royal Svci•ty for tho prOnOn ol Cruety to (t SKtyi. urryfftg tyjt its anim81 weW8r• wort in the unit4ry lulhorI ol Swansea. Ntath Port Twbrt Bwfid. 8LYne are# within Rhondda Cynm Taf. Powys and C•rrJiff. Hoe¥er. when e. 11 tsk?& In •thimth ftcdn the whc4• olsouth and W•sl W8. The objects ol the 8ranch •r th• •nd ciacts ollh• SLKty- lo wcmote ktndne814nd to or 8uppre6s ¢nllY lo 30imokn by •ll lthil mans- with wrbtiJr rtfwen¢• to th• •r•• fjl the Br•n¢h, In trdIn¢• wrth lh• polict•s of Iho So(4ety. The aim pf Ihe br•n¢h Li ID pro¥kJe I•r le to both dL¥fie•ts¢ and wlkth or4mls In t South ¥101 •r•o - to i¢u0. rnh&brfrt•tè ar r¢hom• as many animals Ihal need ow 1%1¢4 foMovAng ne91•¢ miolre•lrnenl or who ¥• un¥vinW in Ihll hcffl•. W• end•a¥our to promote reiponBib'lty ILY •0m311 and envlronmenl through th¢ aduc•kn of th"bJren school visits. In 0&r lo rmel rt5 and <'ethv•8. th• br4nth ¢)wi•t¢¥ • 7&Kr• farrnl•nd thè Outskirt• of Sw•ni•a, wlth laclrl•s lo provide th• re fer s13 broughl into thè wtre. Th• of the ¢enlra A $7 do9• and 102 15, 100 rn111W¥ •nimal8 plus pup •nd Wjtténs at any lfft. The faaliti¢S auow the animaLB lo be prowded ilh Ihe Pla ond Ir•nquAlity Ihey offen i¢quirn al they go Ihrough r•habilitabon. The branch works dcsoly with the local RSPCA irtV¢lorote provbding $uppryl nd gpace for them w yo¥#Je thèir 8ervic8s. Tha blanch also woths dosdy th St J¥mes Vterin¥ry Group to provkle eary seNices for the br8nch •rirnalJ and •l$oworf(o wlth umber Of volunt•¢rs io 1p wlh th• al th• Cantr•. th• 8hcp8 and CMA Ihe sit•. wovk'ry rnh eded hands-on ¢xptyrierfe •rd assiJtsn¢. tIng th• pvbllc b•n•fft rnportlng r•qulr•m•ntofth• ChrllS•• AGI The tnMl•es h4ve thè and •chx¥wr•nts of Iho ¢bJe¢b¥w yr¥J for th¢ y••r, t¢ •n¥ur• tw remain fccused on the thantat4e ain8. and ¢ve to d¢lNtr boffits to pthiG. In dè¢Kling ttal •¢tyvth¢S the Br8nch shwld undertake. the twytees have crynFW 71h the duty und Ihe Ch¥ritres Act 2011 lo hève due rngaid to p¢ tenefrt guJance p1¥hed CtyTrnsh. Under the Charitse5 Act 2011. lh• 8dvwcement of animd werrarE i& recOgned as a distsnct stalulory chaTiiable PUWse. This legi51abon and Iho Arrirnal iThJi¢ate an acttyat by Njocioty that treatsng living Creat85 Wth ccrnpassion a mor•1 r¢frt l¢f the put4ic as a Vthiknt tenelil is dear, it 1$ SL¥netimes difficutt to qU8rtrfy musi be balanced wjainsl any devwnent Thfr eronch'¥ wdl8r wryk. olthowjh in fiale. b8nefft8 sfriety at hrge, 8150 to h peopl8 need wth the cart ¢f Iheir anirTra15. the chari¢48 activths. as descrt¢d in delwl in the frIon9 p8p5 or this report focu& an Knmobng kindneBs and or SUFYeswng uuety to animals and v uThlertaken to frthese purpose$ lor the ptsbkc tenefit. The opportunty for fvee tsse of the Uys Nini site to the and Iwder rKffimvnity, 3rKI our partnership Wknng with ¢)ther agencies in the delivery of educauonal cwortunrtw aryl volunteering and training for peeple al risk Df soowl exdusion, in asjdition to wr enwrMmental th. demthstrates (r ccmmibrtht to beiThJ a holistic ch¥rty. We recognise that anMn818 C8r afso have a p05th.ve Effect per's welbeing and Lqler th¥ srxialisats'on of humans witlh the animal5. Page 1
Royal Soclety for the Preventlon of Cruelty to Anlmals, Llys Nsni Branch - Cardiff to Swansea TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ICONTrIUEDI an acbve RSPCA 8ranch, $14¥ry1 our ln5FectC ty t1 in QT ab•ndM•Y anim•ls, itKJding pels whoae ownorn ill or finanu•f drfficulbos or pass wway. The Bran¢h pytiwdes subB•Jwd velarinary treatrnèTht lor ar11$ stc& w injur•J and who bdong to brnr wea pèop on low ncow•s through a vouclf Subsh4LSed uten9 and micrrrthipping of r•t$ 15 also wovided for those in Ihe Branth area on Incom•• W¢ira in cclloration Trhith the Cats, Protecti. Thls w¢rf( helps to ¢fjntr c81 popubtsons through •ThJ trtnefrts ¢hose w m¢ins le5ted b•n•fit8 ty glvirtg Ihtm rinanu81 he¥ lo netrtor and microthy cats, thereby prtonoting resporY61bSo pol rrSh. Anim$ in our ¢wo rernfr4¢ v¢terinary Ireaknoni v•ttsn•b"¢)n. neutering. thF49 and ua a8ae8sed loi r•• homlng. This work h¢lps to contre4 the spread ol dvaeasa atsj sU"nO. The 8ranch rfrhcrnes anknals in n¢ed to Fw40 wlliw and able to havo * cwwnion anim•l. MthIlBI we recogrmse Ih•i cornpanion animth prowdè m•asu¢•bl• benefits to pec'8 phywcal and Thntal hè•tth, we conBider iho piovilw of pots as subslary 10 iha main th¥ri1oble m of Ihis Jef¥iC•. lch is lo redu£e 8nlm•l Suffering. Ovr lity to therge a r•a8¢¥bable 8dwion fty anim% ams lo htrjhlighl Ihe on-gtsng tsOnal and Iinanci•l commitrnenl ol oWnersp. It wrAd In the b•st inlerests ol anma18. •nd therefore woulé fall cuts0 our obJ"•di, lo re-h¢yne those who coulo J)ot afford Irn. The &•n¢h •kno provJ, fr•e ol charg8. •th¢rtiwry of lost fowd animalB and, Ihrwgtt our Facébook. In8tsgFam and Twiller •rthnts. t•8 ste 10 rauniie Ihern wh Thi¥ wor benefrt8 our local cornmunity lin¢lling loe81 •thhoribesi by prevenling anthals strtysng posirq a risk tr> themselves ond lo Peop through ad traffic adnlJ. The Brnnch resp1 to tnquims Ihe pullK about anim1 IW. The pU1C benofils frwn knIng Ih•t we un inlervene to assist ¥nim•ls in n•ed.' Offer •NJm•l ure •thce on th phono Bnd on ourwebsité". and ofrryjonsde wt prov#le vLJnts8rlng aTrJ traIr¥a tho0• who our whith t•nefits I1 p•ople 8nd cury8nNx by pro¥idir¥a Ihe p¢41ts1ty ol L&Jry woth li ccffipasswiats and warding in •d¢rtityn to aming rw skilh. recyd¢ •nd IwJr%Jrth of t•xbkn5 othor ler Ihgl woulj 01haThv qo to Iwthll. provid• 9ood quatty co81 dolhw and htws•hold Items to the through wr shops and also WOTr&ide, fm¢ ¢1 ¢h4rge, essenti81 dolhes aTrJ When a¥8the olher rtems to ffough eepern and homeless people throu4h th• A¢hl•vements and perfonn¥nc• 2023 contu8 lo be anolher tIn91n9 yeav in all 50rt8 d way. Ow charity shops nsen to the thallenge ol the high slreel and rad reasonably well. The of at both the shops and at the Centre were, and Stil are. mu¢h Ivwer than in pre COVID lim¥. in thB rAnimum wage has h•J a signifitant ff¢d on the monlhty wag• bill acro Ihe wtt0 bu51ne55. The Animal Centre cwtinu•J lo te busy - Intake of •nim inu•a8•J. aTrJ we worted (W with the Insp8Ctorate aTrd T¥ing Standafd8. boarding a nLwnbtrr of case animals f£v mcfilhs. Al the start of the year, we held 120 anima15 and ty Ihe year end. WÈ had 117 8nima15 in OUT care. In 2023, Llys Nini a¢CelA 40912022. 3841 armal8 inlo thÈ tts1t. mol of whrffi h•d ljeen re8cJJed by RSPC4 inspectors and were in poor dedicated staff nSed the rn4onty back to heatth ané had re-homed 378 of them I22 2841. Ltys Nirii continues lo Ware ass15taTrry Ihrough(xJt Ihe tranch area %18 a vOucr 5theme. In 2023. sn addthn to the branth anynals len in, Ltys Nini 414 anima15 by means of weffa assistance. 1.928 anim6 were neutered, 2,058 were mKxociFped. It is the bro.$ ihat rK heamhy aNI'rEthrrnt4E' 8n1M 8hcdJ b8 Page 2
Royal Socloty for the Prevention of cnlty to Animals, Uys Nini Branch - Cardiff to Swansea TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ICONTrIUEDI The IKanth has cothu•d to wrmk th• Cats Prodon ha neuteted a la number of c8ts wlhin the Pran¢h •rea. Thè sth•m8 off•r5 Thjulering an(t rntrJtrthipping lo c•ts be1cry9 to peopkn on in¢omEs. Th0re s alsD bÈEn a high.prrfile ad¥eitysirbg campovjn swal rnedia to promot8 Ihi5 sthTh. Th• C•t nwterhg ogramme th18 yéar Saw 1.928 ¢4ts neulered and llMLYothwed within tha b¥4nth area. The branch workB with lcd OniSb¢¥Y& •$ Dcojs Lo$t •nd Found ¢•t$ South W8 - Gwent Cats Protection Io OF•ats 8 knst aml I0 wimal ser¥u. Tht Sl J•m•s Velerin8ry CliThc on wr site conlin8 lo be a huge to lh8 tranth. r#Jlting down on costs and h on muth bettwforlhe anmnals needing Ihe Vel tro•trnen15 ry ra4[. . Th• Con••N•lion •r•4 coTrbnuvs to Ihrive wlh res¥1 wghb.rps ol du, 1¥4•her5. hwon. bits, and ¥A8ltng our srt•. ensuo th•t w t•k Kbun w montye th• •it¢ t4)thr•ity • do¢mntsd 8lr•tsgi¢ ¥•n fc¢ maint8ining th• hatstais on srt¢. Th• paths •nd boordw8frfs ar• ctinLlty b¢ing mw18ined ao Ihal peO0 C em and •njoy Ihe grnon 8pac•B. Th• S8ltgu•rding Ollhcer h88 8150 conbnwd workirwa 1h per•l• di¥ilthe5, hdping Ih8rn to contrbulo to the develoot ol Ihe 5it0 aTrJ the wilLlrf•. Tha Site been w8rded a Corniunily Green Fla9 Award an eiohth y••r. Our blrd hlJ• Li 8 PDod 8¢0 lo th• ¢hv pthd. Dunng 2022123, thwe h8$ b¢¢n mu¢h tyuifdity unO4rten. Th• fff81 lytslding tty b¢ coMp8d wai the muGh n•¢ded eovw¢d all 109 for ow rn1 wJlnerth dogs to exarLiiè In IhÈ poc w¢athei. This bullj h b•en fundad by gfants trom Th• Pèts ai HL¥nè Ftyjndatlm 8TrJ Petylan chari Trust but tt)e m4orrty ol tho build and fittings ha8 been pa Ircm 8 v•ry pne10 legacy of lh• lats M•rion Evans who was a life-long dog lover, and om we will naming thé lging aftei. prqecl waB rnana98d in htyjse by ono olour Team Mr TDny Ell •nd our IhJnk$ go to hirn for 81 lh• he wrk he h8¥ wl Inlo Ihi5 m•rt The socwd is the Y$gubor praitct. •g•in lh• ¢0$ts olwhith h$ bn cov•i•d by Gr4nt5 frryn the W$h Gwnwntni, N•tsonal LottY. MoDrd•n¢¢ and Bailey Thtynas charrtab Fund, and our thanki go oul Chair. Salty Hymn lor the ell[Th¥ Omounl ofwtsth she hal pul In to secure th•s¢ gr•nts. Th• puwe of this buikl o Ihii of * ¢coTrnunity hub- h051ing • ¢ttfé, an acbvrty w•a lor 8 vanety of events, a dossfo¢m. 8 th•bon pi¢x8ssiw af•a. all ol help Increase the revènu¢ stre8m&, dewlop our anim•1 Nare Cli¥ili¢s, all wlS1 hng the CLynmunty afid hlping yolact the anvkonment. All the"profil$' from the venturns be pl0ed boc intothe canty lo futher our oWts¥o&. Our lundraiwno t•8m conlknue to work lirnfe86ty to r•se th? hJThJ& arJ tho •veTrts hdd dtsring Iho yowr W•f8 suFwrte¢, in particular Ihe Ea•tw Egg Trails and hunt. OOTY, Gnell Part show, Hallen ¥v•ek. Christrna5 8cliwkn.es and the Mutt Strutts. They go rJt w a rng•r b85iS to Collerat d8ys shaking ther coleclion boxe$, Th•y ronlinu4lly updale 8nd mwntain the F¢0 Ir6ts9ram wd Twtter p89OS to ensur• Ih•i we h•v• 4 14ry• number olfollowars lo chwnpion the good work do. Ihank them forthal Ih•y do. The TNs¢gS of RSPCA Uys Nini would 116e to r•¢tyd I1 gftiiud¢ to 1 knnth stsff, vdunie¥is. $UPWler5 and rtner orè•ni¥tion%. eranth 15 3 vOltary 9ruSati and Ihls levd of •wptyt wouw nrt bo oble tolun10n for lh& bentrrt olpeoplD anTh•l$. Flnan¢l•l r•vl•w The Brah.8 r88vIt8 f¢N the year are Set tyjl the SAaknnl cl FinarK4al Acb"vths page 14. The Branch h88 resuhed a surFkn of £793.336 IZff22." $WF4u5 £820.0131 recotded for the year. The surrJuB in both 2023 and 2022 are du610 the large value of grants and vK¢rne rKeived and reccgni5ed in the year. Incom• DonatKn$ and 9rft inc(ffle has derWea yt•rfrrrfrb £118.153 to £116,5C#). Lega¢y in¢LNne has incre&sed on the previous yèar £540.863 to £712.347. Legacy inc¥)me ts an vrwtdi¢tab source of IncomE. thjt from whith the branth h•5 mtybnued to L*nefft greaty Irom oveT Ihe past lew ye8r8. Nune or Ihe incom8 is restricted ollw than tt) support we do anal$ our branch ¥e8. Page 3
Royal Soclety for the Preventlon of Cruelty to Anlmals, Llys Nlnl Branch - Cardlff to Svrnnsea TRU5TEE5' REPORT FOR THE YEAR ENOED 31 DECEMBER 2023 ICONTINUEOI The charity shop¥ are •n Wanl part of fundraisry le. We doY ow Kwald Road, CA1 shop in May 2022. and there are always Oans to seek atternatrve wemi5e5 wln they are in the ri9ht plac• and al the right Iirne, Jl nolhing 6UrtablE h45 been found lo datr. fhjriry year. the 5W)rtfrrrn tho PLdic to provide dothes and br ac dOnaon6 ha• wce again b8en magnthcl Mow Ma•1 Ir hos IrKrnased thje to intyeue in MIw05t and prOVId rnat cpndiions. The movement in unreatised gainsllosses IwhÉfe mt ¥¥ 15 hyJheTAowef than adu•l cost of nVe5¢ts1 mounled to £147,874 9am 12022.. £103. Iossi. The investrnent m•tht 15 qulte vc4•t4• du¢ fo the onorgy cris1$ Ind cost of living cniis and 90nW a10M1¢ èv¢fi¢s. ng th• ymr. th• had not dispoud olfiy ••aets. Inccrfnè gen¢r•ied frryn other cb"viti•s ir>rK¥J•d r•nl from Ihe Vei8rinwy aiThc, Grocffws, 8eek88pern and Idllower sills Ic¥eth•r wlh reni lor Ihe 5c4w fidd. expendltur• Salaries eonlinue 10 th8 main catègory ol ¢hantobl• eVndir8.' £567,19312022. £480.8781 for Iho direct cariry of animals and the ewronment". £S52.917 12022 £528.8621 lh• shop a(knin15trnlion ol shops and £61,$4312022 £42,957) lor fuDdrnising tsam S)l•ne$ of the 8rnnth Ex¢¢ubv& and Fin•n¢e rn•nwyer arv o11oc8ied PEr proportion ol their lime covenng IhÈ &rÈ•i ofthe brllnth ¥dMlJes. SuFVOrt costs indud• chwges by HO lo cover a athmlniW8 ¢Wt8 rnlatir¥J t¢ the Sn¢gme. The thaiity yen•r818d on unresthctqd 5uWw¥ lexdudity gn on investhnl of t420,233 lor the yéAr tnd¢ 31 D•¢•rnber 202312022. £452.4391. R#••¥ Pollcy The Tru51 rnain181llS festhcted, designed and uThrestrlthd selves. The re3tr1cled reserves comprfse numbef ol individual reserve5 lor Partular projecls, primanly those fvnded from exteinal re$lri¢ted purpo8¢ gr8nts. These fun¢J$ are Iw)trlenced. )d Tr) CLkntrkn Js iaken IrNrfardi operab'onal costs. axcepl where th51 Is allowed by the don. The Twst'$ unr•stricled rè5eN• balanc £S.098.178 at the year end. Th18 balance includes £2.231.884 relatlng to desWated funds to be BW•nt on specific proierls. The desrynaI funds are vAlhin note 28 01 the accounts and are monitmd changes at rncnlhty Bowd mtings. Trustoes have tak Ihè lo a relatl¥ety hyh W of investments togelher wlth substsntial arncunt in reserve5 so thal the charty Can cary out ils mission of safeguarding charity fvnds. The charity have an ethical slandptint and any inve&twnts made must be in line with these. Ri•k M&n4g•ment In compliance with the SORP, Ihe maj¢r rf$ks to the Chanty 15 exposed. a6 identffjed by Truslees. have been reviewed and systerns have been established to mana9e those risks. These a eWed at Ik monthty Boaro Meets"ngs. Future Oevelopmnts The Iruslees are COMMrt lo yo¥Je animal sewices at Ltys lth.tm and to èprte Weore a$3iston sthernes Ihroughwl the eXIded bi8nch ¥ea. Thls 8ssisianL has been exThJed to assistsn9 Ihe owners Df XL bulliès Mutering. The Tw5tees are 8150 assL81iryJ a number of Fotyj Banks wlhiTh the 8r8nch area to help ktep the Animals at Iheir home environwent by prowding food lo those who rwl the help. This WO i& Und¥rtak in conjunction %th Carrnarthenshire Branth theAbercw Branch. Pa98 4
Royal Society for the Preventlon of Cruelty to Anlmals, Uys Nlni Branch - Cardiff to Swansea TRUSTEES. REPORT FOR THE YÈAR ENDED 31 DECEMBER 2023 ICONTINUÈDI In lo maximtse irtrme generat¥. th• chwty an8 to ConnUe to manage rtÈ land for kn'odNer5ty and lo devalop a "gre8n' visitorJ' attraction. Th¢s• n$ use of Ihe charity's lunds bul rety on rnonoy Irom olher swrces, Inclty grnnls. The Tru5toes ar• corrrnitted lo Ihe Enwmmontsl work 11 wothng with a nurrknvr of ow0nOon tAUr49¢ th• yovng PBOF4e lo enjoy Ihe wihJSf• thr¢JKJh •vents. The Swns¢• B¢ektpeN Sod•ty •lso conbnué$ t work an site. Celli¢ WIkffitr5 1$ u$iry the Centre os a Jn which to gffjw n•tw wddflow•r plants and tre8. which In itsélf will be o benefil to vnldlrfe al Ih• Cèntr. W¢ tontirtue 10 look at oroani$atron$ le wilh lo use the18nd for Ih• nI[ft olth• Inrornt Lookin9 forward, the F4anned Thrgar wrth RSPCA Carrnarttwishirn branth is 90ing to happ•n on tho 31 May 2024. 8y pooling the Fesouicea, experie, knvl•J98 cOrrffiIt. be 8bl• to ddver onimal w•M8r• o¥or • much grealer Brea. 1 transferred reserye• b• to u5• Dl'Cwm•rfh•rthlr•' Afiiwls weW•ro d $uPp. 2024 MO$ th¢ 2QY AnnN•rnwy ol lh• It1r4 ofth• RSPCA and 2S yeors hom Uy• Nmi Anwnlll Centra W&8 officially ¢Jpeoad. Thern bo an tsxhlyrtion held Itrw8rds the •nd ol th6 ye8r to c•l•brate tris a¥0nI ho8t8d by Rlann Dbvw. wr Heritag¢ ¢ffitw ThSÉ F#)sl and idated cosw ar• grnnl fuThlad. Goln9 Cgnc•rn Th• Board to m•nlain • of t ¢hanty'8 concem b881s. knoth y•ar • net movemqnl In lund$ alot)gsidé a Strong ush ind Mt has to a ttrwgthin9 Ihe balance 6hoet PDWlion. The TNslèÈs &ppreoate the van¢us and 1ntwna1fa that prove a nsk to going concem. NofvvhStondIg thesé Ihough. the INslees have •sJesse¢ thai ts thgnty rd a 9tyrvJ crfflc•m and the finontyal stelements tta¥e prep8rnd on th•t baBi8. Structurei govemance ¥nd m•n•gwn•n¢ Gov#mlng Oocument The org8nisatiN 18 an uftinc0 i•nty. reg8tw•d with IINry Charty c0rrnniMic on 21 AugU11 1%3, and opoigtos an aulonomou¥ branch olth• RSPG4. ¥ubJvct lo ts rpth trJnthe¥ (Js upd•tsd in 20121. In Auyu¥l 2016 th• Tnjslees oblained an wS•r frry the Chtnty CoftThosion to In¢typprJl• th¢ chanty tsustèes as • body inGorporatt vnder Ihe ptrwer given in Ction 251 ¢f Ih? Gh•rits"es Art 2011. This rn thai èll property of Iho ¢harrty is transferred to Ihe incowaled body. It6 w¥erThryJ drp%ment en¢trYws¢$ Iho rulas adopted on 18 Fèbruory 2009 as amÈndÈd on 8 +lpril 2017. R•crultsMMtnd Appolntsn•nt olM•Mgemqnt Commltt•• The ch8rty Is goverNdd by a minimum of 5 10 8 maximvm 0114 elocted TfUSt088. appoinled 8nnu81ty by way of members. ballot, which Is held at IhB Annual Geneial Meeliry. tru8iees ¥• brd•J th•ir responbIlIt$ as Trustees by the ChaSr ol Ttuslees and have access to the online Trustee HaTrJbook and RSPCA guidelines logether With the apprepriate char Ccffimission publicats"oTh%. Trre is no requirement lortru5tee$ lo retire by rutabon. trtee$ ale deemed to be Yrt and properper4ons' elbJlB to btr trlet$ cl RSPCA Lty$ Nini. Organlgatlonal Struclur• Th8 Irusteeg generalty he rnonthty rneebng5 Bt On Oicy arKI prycti¢e are made. The day-to-day njnning of the Animal Cenlre deg8ted lo the Anmal Centre Manager. and Ihe day-ltrday runntng ol the shy 15 delegated to Ihe hre3 Shop Manager and lo the 1ndmdl shLy>S' managtrFts. Tha Branch Execubve and FinanGe Manager are the lead professonals, bne rnanagrng the t)yddle managrent team and. with the cr, rnan8ging the iunning of the branth a5 a %Yhc4e. A regist# of TNste inlerests m[ at branch aTrJ is a¥*l8ble to Ihe WtIfOr ¥eviv•. Page 5
Royal Soclety for the Preventlon of Cwelty to Anlmals, Uys Nlnl Branch - Cardiff to Swansea TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ICONTINUEOI Ply policy for Key Manag•m•nt Pèrnonn•l Tho Iru5tees consider that the senior managefflenl tewn. ccryn58d of the key m8nawen( petsonnel oflh• charity, are In charge of diiecbng controllirKa, rumning operatiry Ihe trKanth on a d8y404ay basis. All InJ8tses gw• of Iheir brne frnely 8nO ne trustee leiVed rernwrab.ttn In Ihe y•ar. D8tatls of slee oxpens88, key m)agement rsonn•l Ind related party transac1K w• dd¢¢eO 14. 15. 16 •nd 34 to the accounts. The pay of Ihe Senior Staff is row*wed annually and Inueased In accNdanco wilh average earnings. In v of thé nature of the chanty, the tnJ8te88' bencthm•rk •g)In51 p¥y levd$ in other than1& of B Similar ¥ize and opefaiirtrJ In tho urr• ¥ector. Th• 1•rnuwatv i¥ 14 mwket d•¢• which i¥ re•Yity avwhbh. Audltor8 The auditori. MHA. wlll b¢ propo8•d lty • rfr•Fvxrthnent qtth8 forthceming Annual Gomrd M•èlng. Pdge 6
Royal Soclety for the Prevention of Cruelty to Animals, Llys Nlnl Branch - Cardlff to Swansea TRUSTEES. REp9T ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 PrfDclp•l lJllc•: ROY S¢Jdety lorthe preven1 of Cwety 10 Anlmils, Lty5 Ninl 8[a- car¥10 Swansea Prlnclpal Ofllc•'. RSPCA, LtyB Nini Branch- Canliff to Swanw Charlty r•gl%t•rnd number.. 224337 Prln¢lpal Offl¢•: Llys Nini Anwnwl Cgntr¢ Penllergaer Swansea SA49 Pr•81dent M8rtsn Tra¢r VSco Pmld•nts: Jotr and Lacey K•v+n Johns Peter Black Ne8 Soulhham TN•t••B.' SO1 Hymon (Chairl Claire Chappell Iseuelaryl an Ree5 (Ced) ison Spenc• Howard SF4nce Robert Davies Rebec Jean Rthlngs Darn Lovedng Arn?nJa Sirniskef (Resigned In ye8rl Dr Kalherine Fender Icwpled 25 20231 Atsdltors: MHA, St8lLrtory Audrt MHA House Charte¥ Court SwanseB Ente$ Park Sw588 SA7 9FS eankeY• Barday5 Bank PLC 70 The Kingsw8y Swansea SA1 SJB Pa9e 7
Royal Soclety for the Prevenlion of Cruelty to Animals, Llys Nlnl Branch - Cardlff to Swansea TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 OECEMBER 2023 Investment advlsor8'. Estate Caprfal 7 UplBTrI5 cr85t up Swansea SA2 OPA Brewln Dolth 5 Callaghan Square C8rd CFIO SBT L•gAI •dvl•orn.' JCP Solettors Swansea Enlerprw P¥rk Venture Court Watsf5hle Buslntss Park Vallty Way Swansea SA6 8AH Key Manag8rn•nt P•rnonn•5: Mr Dav Stokes- Branch Exegjtsve Mrs Claive Phlllps- Branch FiTrgrtt Manager Mr Gary Weeks- Animal Cenlre M8nager Mrs Kirn IMlliam¥- Shop Manager Pagg 8
Royal Soclety for the Prevenllon of cOIty to Anlmals, Uys Nlni Branch - Cardlff to Swansea STATEMENT OF TRUSTEES. RESPONSIBLMES FOR THE YEAR ENDED 310ECEMBER 2023 The TTU$tee$ afft responsible lor prepwing Ihe Tw$tW' rnpfrt and th8 financlal stat8m8nts th accordance wrth pp1K8e law and Unlt8d ltingdorn Accounting stdards Iuiwtqd K4rn GEneralty ArKepled AcccxJnlSng Pra¢fjrl. The law apitabkn 10 ¢harflOS ITr Engla[ & INal8$ requi lh& Trntsteès to prapare financw stalaments for esch naal year whlch give a Irue and lair M8w of the 51ate of affairs of the Charity of 11$ viccmiryJ re50ur¢es and ap1¢81m>rt of rurces. indu¢JirKJ ts knct)me arKI expwxlityre, for Ih8t pariod. In preparing these Ilnancial 8tatw•nts, th¥ TNslee$ wo fequired lo. so18ct 8ccounlThJ pdKles 8nd Ihen apply Ihern cons15tenty: ob$erve thè rr0¥ ènd pdndojes of Charits SORP IFR5 1021." m8kalud9ments and acwJntir¥J e51imata5 that 8r8 reasonable and wudenl,. staio wh&lh8r 8ppit•bkn UK Ac¢(wntiw Starid¥d$ IFRS 1021 have bwn fr4bwgd, subjed to any rnatoriol d8parture¥ dlsdgsed and 0XptsWj in Ih? ftsbW' state[ts.. prepare the financlal stalernent5 on th8 gc¥ng eorwn bosi5 unkns it 1$ H)apwWl• to pre8imio Ihal the Charily wlll tttinue in busines1. The TNst0ts ar• rmponsknlv lor k••pkvJ ad•quat• •Cfthnltyi r•r•)rth t arn lufficnt to 8huw oxplaln the ChBriIYs Ir8n5aclh?ns and dvddose wlh reasonable accur8cy al any tlme ihe fand positn of the Charity and them lo ensure tho1 the fin8n¢l stat•ments CoMY with Iho Ch8rS110$ Acl 2011, tho Charily (Accounls 8nd Reportsl Regulat 2[¥)8 end the prOs3 of the Trust deed. They 8r8 8150 responslble for féguardlng the ass•ts ol Ihe Chanty and hen¢• taking rtrasomblb steps the pr&v6nlion and do10¢1ion of fraud and othef IrTegulwlJgs. Thg tnJstees r8spon81ble for mainlenarK8 aTrJ inteth of Ihe chority and finanual informatn lTrSuded on th• charily's w•bsit•. L•gl$Loth)n In lh• Untsd Kingdom oJv•mirrfJ lh• proparation and th'ss•miiaUon of fina101 8IBtwent8 rn8y tr bgisfakn In otsrl1w13d4c$. v•d ty ordw ol lh• m•rnb•rn oflhD ty)d ol Tr on #Thj ib3n•J on ts behbY.. Slly Hym4n Ch•Sr
Royal Soclety for the Prevention of Cruelty to Animals, Llys Nlnl Branch - Cardlff to Swansea INDEPENDENT AUDITORS. REPORT TO THE NEMaERS OF RSPCA, LLYS NINI BRANCH Oplnlon We h8ve audfted the financ$81 slatemenls of RSPCA. Lty3 Nlnl 8ran¢h (the 'chariVI lof the ye8r ended 31 December 2023 whlch CDmwBe the Statemenl of finanual aciivilies. the Bolance $heel, the Statement Df cash lows and the related note$. ¥icludlng a summary of s(qnfficant accounting poliae$. The finBncld ieporting fr8mework that has been applied In Ihew prepwat is appIable Saw United Kingdom hccounllng $18ndards, indudlng Fin&n¢i81 Reportin9 Standard 102'The FSn8ndal eTr9 Staiid•rd •plble in Ihe UK and Repubhc ol ITel8nd' Iunited Kin9dorn Gefieralty Accepled Accountin9 Plac181. In our opinion Ihe financ#al stslement8'. gfvt a Irue ond foir of lh¢ •lal¢ ol the charfV8 off8ws •8 •t 31 D8c¢mber 2023 •nd ol Ils Ine¢mlng resource5 and aPFIa0ft ol rt50urces lor the yegr Iherb ended,. have been pro¥ prep8r¢d In 8ccord8n¢e Unitod TrQngdiffl Generalty A¢wl•d A¢Gounllng Pr?clLe, ond haye been prepared in accord¢8 Ihe requlrements of Ihe Charthes Aci 2011. Ba•1 lor oplnlon We con¢Yucied Ouf audrt In accordance wlh Inlernalicnal Slandards on Auditing IUKI IISAS IUKII and applicable 18w. Our lesponsilItieS ondel those slan¢Y8rd$ are furthef descrfbed In Ihe Auditors, re8ponsibililie& for the ol the finanual slalemenis sectson of our report. We are Independent of the charity in accordonce wllh the ethlcal requwements thai are ielevani to Imjr audil of Ihe finan81 slaiemenls ui the United Kin9dom, Including Ihe Finanttal Reporting Covncifs Ethical Slandard. an¢J we have fulfilled our Olher ethlcal le5ponsibi1rt in o¢wdonce wrfh Ihese requirements. We telVe that th¢ evJdeftrA w? have obtsined 1$ Sufficient and appropriale to provtde a basis for our opini. Conclu•lons r•l•llng to golng ¢onc•rn In 8ydiilng Ihe financlal $laièmènts. we have eonduded Ihal the Trusl•••' ui• of the golng concein basil of accoundng in Ihe preporolion of Ihe finon¢lèl $lalemenis is appro8¢e. 8a8¢0 on Ihe we we h•ve noi ioentffjed any m•terb•l ¢rtaInlS reWryJ to events conditSons Ih8t, tndi¥idu81ty or cdtecti¥ety, may cast significanl sjoubl on the charity'5 ability 10 continuo as going concern lor a pewjd of al ¢easl hvel¥e mthlhs frLkn when the financèl swtemenls are 8Uthorised fof 155U•. Pa9e 10
Royal Soc5ety for the Prevention of Cruelty to Anlmals, Llys Nlnl Branch - Cardiff to Swansea INDEPENDE AUDITORS. REP(XRT TO THE MEMBERS OF RSPC& LLYS NINI BRANCH ICONTINUEDI Ouf respon$ibilrtk8S and Ihe re5pOns>ieS ol the Trustees perI lo goM)g concem a dg¥uibed in the relevanl $ectson3 of this repNt. Oth•r ln10mtIoTr Thé Other leAll0n cory>ri5e5 Ihe Informaty) Inckthd kn the Annual report other thon th¢ finandal atements and OUT Auditors. rewt thereon. The Tnt$te8$ are re$poTr$trJle for th¢ other inforrnation contained hin Ihe Annual pOrt. Our OnIOn on Ihe fincIal slatements does not cover the olher informaiK)rt and. except to Ihe ext•Trt othervA$e explc4tty $tsted ifi our re. we do not expréss any ftsmi of assurance oncluslon ih&reon. Our respons is to read Ihe other information ant1. in doing so. rxJn8bJer whether Ihe other inlornialion is materiaty incon$i$tent %lh the fiTrancial slalements or our knovAedge obtained in the course ol Ihe audit, or othefw$e appears to be rnateriamy misststed. 11 we identify such material In¢on$i8lencles or apparenl material misstsl¢rnents, we are requlred to deiermine whether thls gfves rise to a mal¢ri81 mis$tstement in the finandal slatements themsefves. If. h$ed ortr the work we hove Wrfod, w• eundude that there l¥ a rnatorl81 ml$slatemenl ol Ihls other 1n1omwn. we ar• reqthred lo report that kct. We h8v• noihkng to rèpjrt In thi¥ regwd. Iblatter• on whlch ¥M •r• Y•qulr•d lo r•port by •xc•ption We have Trothing lo report kn re$pe¢t of Ihe lolkmng matten vthtr• Ih• Chltl•8 l£ce4Jnts and R•portsl Regulations 2(K)8 requires US to report lo you rf. In our WnKJn the inforfftlon gl¥en In the Tns$tee$' retth Iw vKoniiJtwrt kn any mstwlal re•p•¢t wtth Ihe finand81 $tstemenl$', ¥ufficient Bccounling rewds have not be•n kepl. C the finanoal 51atements are noi wi zgreemenl wth the acc4wnting rordS and retumj.. or we have nol Ihts lIrna)n and exp110 ieqL#re lor our audtt. RMpon81è11111•• oltrut• As exF4ained rrmye fvly in the Tw¥tee$' reSPLY1NeS sMemenL th& Truslees 8re ie6ponsible for the preparation of the financial 8ts1ernents gr¥E a true and falr ¥6trw, and for such thlemal cor>lrol as Ihe TNst8e5 dtltrmine is necessary 10 trTr8tAè the preparaoon of financial st15 Ihal a free from m819rf81 mlsslal•ment. ether du• to fraud or errcr. In preparing the financial ststernent$, ihe Tlustees respmsle fv asse551ny thB tharws ats1ty to continue as a going concern, disd05ing, 85 applcBt4e. motters reed lo going o)ricern 8nd using the going eonr*m b#5is of accounting unle55 the Trnstees tend lo liqimdate the charity ry to W5e cyBrakns. have no rè41I5k aAefflab"¥e birt to do $0. Page11
Royal So¢lety for the Preventlon ol Cruelty to Anlmals, Llys Ninl Branch - Cardlff to
Swansea
INDEPENDENT AUDrroRS' REPORT TO THE mEERs OF RSPCA LLYS NINI BRANCH
ICONTINUEDI
Audltorn, r¢$ponsI1111I¢• lorth• audlt of the Ilnanclal •tstements
We have t 8FPOted as auditrf under $ecti¢M 144 ofthe Charibes 2011 ond report in awdRnco Wrth
the Acl and relevant reguLfjtlons made Dr haMn9 effecl Ihereunder.
Our obi8¢lNes are to oblwn fe880n8ble aMur#n about ether the financio18t8tements as a whde are fretr
Irom rnaterial rnis$laternent, vthether due lo fraud or effor, and to issue an Audilor$' report thal indudes our
opinion. Reasonable 8S5Ufance 15 a hh level of 8ssurante, bul is nol a guaraniee thal an audil conducted In
accordance wilh ISAS IUKI wdl thays detect a mal¢nal rrrisstatemenl when rt exists. Mlsslalernenls can Brise
from fraud or errv and are con$ldered matuial rf, individually oi in the aggregale, they cwtd reasonat4y b
expected to infince the ecoft dec18th8 oftssern takan on the ba$15 oflhestt finanraal 8181emenl8.
Irre9ularflies, IncludlThy traud. are Instan ol Th¢YlIaNce wlth lows and régulations. We design
procedures In line wth our respwsiknlrties. Out18 abo. to ¢Jele(a rnat¢n'al rnlsslalemenls in fespeci of
regularities. includln9 fraud. The exlenl to procedur are capae of detecting Irregul8ritieB,
du¢lng fraud is detailed belrm..
obtsin ond up(late r underslanding of Ihe enltty. Ns arAw14#. tt$ ctytrol erIronMen1. and Ilkely fiJtw•
development$, Induding in rdaln to the legal and regulatory fr8rnewor* applicae and how the enlily is
cOmy1ng wlh thal frarnework. Based on Ihis under51anding. we Identify and a55ess the risks of m81eri81
mi$sialemeni of the fln8ndal statements, whether thJe to fraud or error. de91gn and perform audit procedure?
TesponsNe to Ihose iisks. 8nd obtain Audil ewden¢e Ihat is suffident and appfopnate to provide a basis for our
opinion. This includes Conslerat)n ol the risk ol th¢ entity Ihat were contrary 10 8pph'catrle laws and
regulalions, induding frauds.
In sponSe to ttle rlsk ol irregularl1# afyj rb)n
Royal Society for the Preventlon of Cruelty to Animals. Uys Nini Branch - Cardlff to Swansea INDEPENDENT AUDITORS, REPORT TO THE 1MBERs OF RSPCA. LLYS NINI 8RANCH ICONTINUEDI A fvrthfjr d¢wptw of respoD$iblrties for the audit ol the finarKial stsleThntS 15 kKated on the Finanrial Reporting Coundf5 website at.. w¥¥.trC.Ory.kJtJrtty8Ie$pofft1IitieI. de$uptron lorm$ part of our Jéilors, report. U•• ol our r•port This report Is made $ol¢ty Ic¢ Ihe tharitys trusteos. as a tr, in accordance wrth Part 4 01 the Charltlei IAecounls and Reports) RegatiOnS 21J)8. Chjr audrt wryk has been wdettsken 80 Ih8t V mlghl st8te to the chanty's Iruslees those rTtier5 we are reouirJ lo stale lo them in an Audilor$' report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or a55urrn responskn'lity to anyone other than the eharity it5 trustee5. a¥ a W, lor our audrt w. thi% report. the OpInn& we have fornd. MHA Statutory Auditor Swanse?, Unlled Kingdc Dale.. MHA are ellgible to a¢1 al auditorn In tern of 1212 ofthe Cow1 Act 2CK6. MHA is Ihe tradlng name ol Madntyr• Hudi¢)n LLP. a ltNt¢d liabaty partfiersh In Engknnd Wales Ire9i¥lered number OC3123131. Pdge 13
Royal Soclety for the Preventlon of Cruelty to Anlmals, Llys Ninl Branch - Cardlff to Swansea STAYEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 DECEM8ER 2023 R•irfct•d UnTe8trfet•d lund¥ lu18 2023 2023 Totsl lunds 2023 Tolal runds 2022 Not• Ineoma froffl: Don¥boni and ga¢ie$ 8S0.727 659,016 Charlt8bkn ad'vities 261.103 27Z.023 $33,126 875,774 Other tradlnB athvlb'?¥ 1,1717T7 1,173,777 1,1410,202 Invtslments 14,454 14,4S4 5.319 Total In¢orn¢ ExpendltLtre on: 2 672 084 Raluing funds 332 992.488 992.820 987,8T4 Charfjtal> oCti¥iti 911,922 768,621 Totsl •xp•nd51ur• Net In¢ome IMlor• n•t g•ln&l{lIMI on Inve•tmenl 215,229 452,113 867.342 923.816 Nel gaIn{lO$S$) on InvostsrKs 147.W14 147,874 (103,803) N•t movemqnl In fund• Re¢onelllaoll olfund'. rotal fid5 broughlforw¥d 966.681 4.620.071 S,488,7S2 4,666,739 Net mvThnt In lunds 215.229 816.218 820,013 Total fund¥ crrfed for•td The Stalertwst ol Financ¢81 Acbvthes indude8 al and h)$6es recojnised lfi Ihe ye8r. The note8 on pa5 18 to 51 lorm part of Ihese fi¥)artial 5taternents. Page 14
Royal Socloty for Ihe Preventl¢)n of Cruelty to Anlmals, Uys Nlnl Branch - Cardlff to Swansea BALANCE SHEEr AS AT 31 DEGEM8ER 2023 2023 2022 No¢• Flx•d •u•l• Tanglblo a01$ 19 1396.685 1.924.219 Inveslments 1005.852 1.86&157 4,402,$37 4789,376 Cun•nt a•••ts Stocks 19.122 1¢648 D•blorg 23 7.049 980.T46 Cash al bank and th h•nd 1.221.$83 889.163 1174,734 1.88th557 Cr8dilorn'. 8m¢yJnts f8lliNJ dv• wllhh) OM y08r 24 1275.3031 (189.181J N•t ¢urr•n¢ •••ts 1.899A31 1,697,376 6.301,968 &486.762 Tot41 ••••ts Ch•Trlty lynd• RestrKteO fund$ 28 1.181.9to 966,681 Unr951rictsd lund$ 28 5.120.05J 4,520,071 Tothl fund• Tho bnan¢lal statements w•rn appio¥wJ and Issue ty Ihe TAJstees on .a 1l.os1.¥24. •• Slgngd on th8 behatt ty.. and The notos on page5 18 to 51 fDrm port of Ihese finartial stalements. Page 1S
Royal Society for the Preventlon of Cruelty to Anlmals, Lly3 Nlnl Branch - Cardiff to Swansea STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Not• C••h flow• from oper•tlng ¥ctlvttl•• 884,794 40T,315 C8sh gen8raled from oper8tsons Int•rest pai¥ Nel ¥h provitted by opwatmg ivlb"ei 804,794 407,316 Ci•h Irorn Inv••tkno •¢tlvltk• Purchase of lan9lbt¢ fixed let3 1567,0271 1552.5621 Dispo5810l fixed assets PuKh•se ol inveslmoiitl 158.6941 (1,039.588) Prttèeds on diiw¢s81 of ¥8StMentS Inv•stmenl incorne recewed 65,873 14,454 640.833 5.319 Net ciah uJed In In¥e•llng •¢tl¥ltle• 1546,3811 1945,9981 C•8h nows from nn•n¢lng •ell¥llle• N•t ¢••h provlded by Ilnanclng •¢tlvltl•$ Change In ea5h and ¢A•h qulvalants In the year 339.400 1538,6831 C8sh and Cbsh ewNalenis 81 ihe begiMINJ oliheyear 889,183 1,427.846 C•8h and c•Bh •qulvAknt• •t th• end ofthé yeir Page 16
Royal Soclety for the Preventlon of Cnjelty to Anlmals, Llys Nlnl Branch - Cardlff to Swansea STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCILIATION OF NET IEXPENtNnJREyINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net 1•xp•ndltui•nCOmt lor th• mportlng pwlod (•• p•rth• Statement of Fln•n¢l¥l A¢tlvltkn•l Adlustments lor. F&ir Value gain5 and 105w Irwestrr*ffls Depreciaiion chwges Investment In¢orn• Interest paid Decreasellincreasel In stock Decre8sellincreasel In debtors Incre8selldecrea$¢l in credtt Increasellde¢reas•l In delerred Incom 815,216 820,013 1147.8741 94,561 {14,4541 103,803 74.500 15,3191 12.4741 53,697 33.249 (2,9951 1608,4911 34,804 N•t ¢••h provld•d by wr•llo ANALYSIS OF CASH AND CASH EQUIVALENTS 2023 2022 Cash at bank Total c88h 8Trd $b equfvaten AIIALYSIS OF CHANGES IN NET DEBT At 1M123 Cuh flow• Oth•r Non- At 311fW Ga•h chanq?• Cash at bank ar kn h8nd Loans falling due thIn one year Loans taln9 due aftev one ye 889.163 339.41KJ 1,228,583 Totsl Page 17
Royal Soclety for Ihe Prevention of Crnelty to Anlmals, Uys Nlfil Branch - Cardlff to Swansea NOTES TO ThE FINANCIAL STAYEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Royal Society IOT the PVent1Dn of Cruelty io knThals, Ltys N1 8ranch - Cardiff to Swansea Is 8n uttirwwoled charity whose Pr1 olke is Ltys Nini Centr¢. Penllery8w, Swan8ea, SA4 A¢¢ountlng poll¢l¢• 2.1 Ba•1• of pr•paratlon of fln•ncl•l tht•m•nts The finanty81 stalements have pr¢p8red in 8ccordance with the charity'$ goveming documenl, Ihe ch01b8$ Act 2011 8nd 'AcCoUnry and Reporb"ng by Chthe$.' St&iemeni of Recommended Practice appl"cable lo CharilS preparing th¢¥ Kcounls in aC¢ord0 with the Flnancial Reporting StaTrdard applicable the UK and Ropubh'c of Ireland IFRS 1021 l•ff•cve 1 January 20191. Th• chty li 8 Benèfrt Elltty as (lthed by FRS 102. The Ilnancial slalemenl are prtrpared in sterting. lch is the fvnctsonal currency of Ihg tharfty. monory amount$ In the$e financol siatemenis aro rounded lo th& nearest £. Th• financial stat•m•nts have l)w wepared under the N&trkal Cosl corwenlloo. modM6d lo certain fin8nual Inslwments 8t latr vatu¢. The prInpaI acco1ng policN?¥ adopted we sel out below. 2.2 Golni ¢one•m At the tirne ol WFwn9 fv financial 61alemenls, the Imslees have a fegsonabk expedallon that th• thanty has adequ8t¢ resour9 to c(#wnue in 0ratIonal existence for the foieseeabje fUra. Thus Ihtr Iwslees coniifiue to adopt the goln9 Cor basis ol accounlln9 ITh preparlng Ihe financlal statements. 2.3 Ch4rtt•bl• lund8 Unreslricted fvnds are availabl• for w at lh¢ dlwelth of th¢ Iru8te¢$ kn fvrfh¢ranc¢ of Ihelr ¢h8rrtable otyecttves. D•swJnaled cory11 knds ha¥• be•) s•t asld& at th• dikutition ol tho tnbstoes for spedfic ptsrpDses. The puwes of Ihe desbJn8led funds a set ou¢ In Ihe te5 lo the financial slatements. RtriCIed fvnd3 ore s)leCt to specifK condith?n$ ty donern as to hcrw they May be used. Th¥ purp05e$ and LW¥ of the trice0 funds ale sèt out in tl* notes Its thè finanal 5taltrnerrts. Page 18
Royal Society for the Preventlon of Cruelty to Animals. Uys Nlnl Branch . Cardlff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 A¢countlng poll¢l•• l¢0rrtlnu) 14 In¢¢Jmlng rq8oureo• All iKorne is incded on the Ststaff1 of Fwwcid AdNitses %then the tharty 1$ kgalty eniiled to the Srtcome and amcMJnt can be gnIled r•#onabk a¢T8¢y. graN$ ¥e wblect lo perfom)ance reIed tondrtKsn$. Ihey are re¢iJ9ni$ed in Ihe Slatemenl of Fin8nu81 A¢livIe8 based then the pertOrM related condittcns have been m, in line ith th¢ S18tement of Recommended Ptice.. Aryounting and Rep)rting by Chbthiei. Co8h don8b"on8 8re re(#)gn8ed on recthpt. Olher donatians rewni$ed wce the th8rty hès béen notified ol the don81irffi. un1985 perfom)ante ccfidilions requn deferral of the 8mount. Income lax fftco¥erat4ts In iel8tion to dmatycffis reCed undw GSft A&J or Jeeds of covenant 18 recogni8ed I the hme of donation. Lepè¢le$ are recogn15ed on receipt er othern¥lse If the cfiaity has be•n notffied of an knpending dislnbutson. the amount kn¢y•m. 8nO receip¢ 1$ expecled. If ¢he omoun¢ is not knwn. Iht leg8cy is tre8ted 8$ a cl.n98nt 8sseL Oonated StryeS and f3dlt¥ we Induded 81 the value to Ihe where ihl8 can be qu8nlMèd. The valve ol $eNce$ pvovided ty nteerS ha$ not been tn(knded in Ihese 8cwnls. Donated goods w• regnOl Ol their ¥olu¢ %¥then the takes pc•. Income from chant8ble tradthg actsvitEs represent fee$ charged in respect of th? 8dopttoJ and treAtrnenl of anlmpl$. the pr¢Nl$ion ol boarding laalt8 and fe88 fc r•cover8d pets. Ihese income str¢9 arg credited to thé Sl2lemerrt of Financial ActM15 in Ihe year Sn wNth they are due. Income rec&¥ed in advance Is delerred to the apw)prlale th&Dci81 year. Charty shop oDd olher mlsc•lHn¢wi hKomts its rdeognlsed In ts p•wknd when the igle tthe8 pFaeè. Rental and $cl¥r farn tsKome1s r•cognlsed In the period to the Serwce frs pded. Inlerest on fwds hekl w depo$rt is md•0 rticewab 8Trd the amourrt can be miiur•d reliabty by Ihe ch8rfy'. th Is normaty w MtrfK81ion of the interest p8id or payable by the bank. Page t9
Royal SIety for the Prevenllon of Cruelty to Anlmals, Uys Nlnl Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OEC£MBER 2023 A¢eountlng pollcl• Icontinu•d} 2.5 RMourc•• •xp•nd•d Expenditure is reCrn158d onc Ihere al or ¢(StruCtrI¢ ot4ig8tion lo tr8nsler econom1¢ benefrt to a Ihtrd party. It i4 wobable thal a tronsfer of e¢¢¢ b¢n¢fit$ wll be rwuired in 3etUemenl, and the amwnt oltht obl1110 can be mepsured reliabty. Expendlture i• dassffied by a¢tNity. The costs of each actth are made up ol Ihe lolal of direct Costs and Shed costs, indudin9 $UPPQrt CO51$ invol¥ed undertak9 each 8dwty. Direct costs 8ttribulabie lo 8 irvJk #divty are allocated divectty to tht zctivty. Sh8red costs %thich coniribute to [re one a¢tMty aDO support C06t6 thch are not attnbutable lo a sngle xllvity are apportioned cffl the ba$is ol spenl. antl depreoatw ¢ar9eB are allocated on the portion of the Expenditure is recognised once there is a legal or con5tnJclivè obligaiicfj to rn8kè a payrnent lo IhiTd party, il 15 probabl¢ Ihal $eWerynl il be qUIred and Ihe 8mount of the obligation can be reliab. Costs of rawng fvntts rxfflpri ol the e05t5 1 relalim to werating thcomo luth as fundraising Expenthturn on eharflable am co8t¥ rdaltng to the furtherance of the ¢h¥rflls obiectwes as itated in the trusteos rw. Irrecoverable VAT l• (arg¢d 0$ • cost a9On81 lh• th• exndItre wa8 irllirred. All costs are ollocated bfrtrmen th• •xpenditure le90e5 kn tha SlatemeTrt ol Financial Activitr'8$ on a basls des¢ lo rellect Ihe usè of Ihe resource. Costs rel8tlrng to 8 parcular actNity are allocaled dlrecty whtle others are 8PFOltioned on an ¥propri*e basis. as set oitl in the suppc¢t eojls note. Supp(wt cos1$ are Ihose fupaions that aS815t the work of Ihe tharity but do not dlrectly Undeke ¢haritsb a¢b"wtres. G0vWnare costs comprise all costs invohfmg put4ic atcountabN'ty of the harlty and ¢ornpkn¢e wlth re9atth gDod yackn. Page 20
Royal Soclety for the Provonllon of Cruelty to Anlmals, Uys Nlnl Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31 DECEMBER 2023 Accounfig pollcl•s {rortlnu•dl Z8 T•nglbl• Ilxed •uets and d•pre¢l•tlon Tangible fixed assets are in6tialty re0)gned al Cosl. After Qgnit1.0n, under the cost mNJèl. IAngitAe ffxed ossel$ are I88re ot cosl le58 accurnulated dewec4atson aTrd any occumth8ted IrnP8innent los$e$. 1 costs irrturred lo ljnrtg 8 tangit4e Ilxed assel Into 6t$ Intended wotknn9 condhKsn should ba included Ihe meas¢Jremenl of ¢osL Depratson r4 carge¢ $0 as lo awate the cost ol tangit4è fix•d aM•ts $8 thew re8K¢ual value overtheir eslirnated usefijl INes Depred4cffj h wovlded on the b85ei'. JTri Jlngs BuilJin9 improveTrwnls Molcrf ¥ehide$ Fixtures 8nd fittlngs CnIc eq(llwt 2% per annum straight fing 10% per onnum slraighl line 20% per sti8ighl line . 4- 33% per annum $trw"ghl line . 10% pv anrKMn 1[4 Wan¢• Gn5 and 10$se$ on disp)sals we Oelermlrbed 8$ the drflwence befy¥eerTr the proce•di and thè cairylng ¥ue of the asset. and recognised in lh8 Stalemenl 01 Finanaal Activitias. Bullding8 under congtrucJon arts xtowled ts at C1. ed on threct •ts Incurr¢d. Thty #ré not depreualod Urt1 th• IK¢10 pwiod In they brwght into y. Indfvidu81 fixed a¥8ets COSb'ng £250 Ilndudkng VAT) are c4prtahsed ot cost. 17 Flx•d 4•••t Inv••lm•nts Fixed a$8et snvestment8 are inrtialty rneaud ai transaction pru exdudlng transaction co$18, and are subséouently measured * fair vJe at each Porb"9 date. Change$ in Ir value ore recognised in net incomellexpenditurel for the yew. TransxtJTr ¢o$ls are expensèd bs irwed. 18 IMp•1•t ol flxed •9•ets At each repcrfing end dale, the dwnty reYlv4n the rxwng amounts of Its i¥ngle 8Bset5 to etem)ine wthether the any Indicab'on that those 8sset$ have wffered w irnpaimnI ILM. Ifary such indicatK)n Exists. the recoverable amount of the a55et e5tirnaled in dEr to t1etermlne the exlent oflhe knpobrrnt b)s8 (rf 1. 19 Cash and cuh oqulv#lents Cash and cash equivalents indude cash in hand. deposits held al call *ilh banks, other short-temi
quid Irweslments wtih origlnal maturities of Ihree nmyths ty less, and bank overdrats. Bank
overdraft8 are Sho wilhin in ¢urreftt l18brf"es. Page 21
Royal Society lor the Prevention of clty lo Anlmals, Llys Nini Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Aeeountlng pollcl•• l¢ontlnued) 2.10 Stock¥ sto¢k3 are at the Imr ol cost¥ tima1ed selng piice costs lo complote and sel. C051 cornwlse8 direct materi$ 8Thd, tre applkable, ¢Jirect labour costs and those ovetheads that have been incurred in bMgiTrg the stocks lo their pr¢8ent locion and ¢ondib"on. Items held lor lstrlbuJon at no Of rttqnind ¥eralTr ore mea$w•d th• ltrAr of feplac¢rnent co$1 aTrY cost. Donated goods f¢r k7 are not valwd. Net reallsdblovalue Is the estimaied sdling price less all Mat•d e05ts 01 9)mptIon and costs to b? Incurred In markeb"ng, 5ellTrg and dis1ribu1c. 111 D•btor8 Trade anl Other ¢Jebtori ¥• r•COBni$ 8t the setuement amolffit after any Irad• diicwnl offvTrd. Pr9p8Ynfits are valued èt the arnI k¥ep8kl net ofarty trade th8counts due. 2.12 LlabllIll and Prov1• Liobllllies are recognlsttd there i8 ¥n ot419otson al the B81ance sheet dO18 as a resurt Df a PBS¢ frvenl, rt 18 wobable that a transfor of econryrk benefit wre In SettMent. and t amouni ollhe setylernenl can be ests"mtrd reliabty. Llabilrties are rcogni50d Bt Ihe amounl that the Charity antpaS il wll pay 10 Sa8 the debt or Ihe arnourbt it hfis reiVed as 8d¥8nt•d pay1 for Ihe go)d$ w 8eryice8 rt must yovh•. ProvisKns are measu¥ed al Ihe besi e$iimare of the arnouftts Toqusred to Settle the obllgation. ere Ihe eftett ol tho tirne value of rkM)ney is maieiial, the provisi¢)n is based on the present value of those arrthNs. dl$coufited at the pre-la¥ liscouffl rate that fellects Ihè Tisks specific lo the ablh'ty. The unwlndlng of Ihe disewnl is recognwl th the Statenwt of Inandal adivilies as ? financ• cost. Page 22
Royal Soelety for tho Preventlon of Cruelty to Animals, Llys Nlnl Branch - Cardiff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 DECEM8ER 2023 A¢¢Oun9 pollcles I¢oiiiinued) 113 Flninclal Instruments The charty has elecled to appty th• pm?siws ol SeLon 11 '8a5ic Finafid InstrumEr¥ts' Section 12'0ther Fnandal Inslwrnents Issues. ol FRS 102 to al ol its finaftual instruments. Fin8ncial Snstwmenls are fecogftlsed in Ihe ch¥rityB baknnce 8heot Ih? Charity bttomej to the contraclual wovwons of th¢ in$lwrrnnL Flnanclal 8sset$ and153bllffle5 are offset. with the net amounts psented in the flnanci815tatem¢Thts. when there 1$ 8 leg81ty enforceable right to set off the recognised arrvjunts and thertr Is an intefttlon 10 8¢111e on a net b8$i$ to re8li89 th? asset and 5elll• the tiablty 8Thuttaneousty. B•$l¢ flnan¢l•l ••¥•ts Basic financid osset¥. In¢de debtor$ afid cash and bank balane•s, aro In1 measured ai tr9n5ac1c prke indudkng trans8cllon costs and are svbsequenty umed at imorts'$ed cost uslng the tffedive kn1ore¥t rnalhod unl&ss the affarvJement c(thsbiules a fffi8rsdng trgn$8ctlon, ¥¥hwe the tr8ns8cllon is measurel 81 the ent 118lue of Ihe ffijtsbre receip1$ (liscounted #l a m•thel ralè of Interest. Flnawal 83$918 da$$rfd a5 retoN8t46 wthin y•ar #re ntsl aMD'se. D•r•¢ognltlon of Ilnan¢L•l a•••t• FancIal 8$8¢18 ? dwecognised onty whèn eontrxbA righ1¥ to the ca$h flows Irom the a¢$ exre crf ar• seltkd, or when Ihe ch8rrty Ir8n8lers Ihe f1819$8et and subslants'ally all the f16k ind rewards ol )wnershlp to afiolher entty. swne $19nrfic8nt Trsks and reward$ of ership ¥re relained blrt contrc4 01 8g$et has trzn51eThéd io another party that is 0e to sell the asset in It$ entirety lo 4n unret•d third party. Ba•le flnAnelal Il¥blllllo8 Basic flnoncial lthilthes, indudlng uedttcrs 8ftd bank 108n8 arp thttlaly reeognlsed at hnsaction piice unless ihe arrongernent constrtules a finanurrfJ transaction. where the debt in6trurnenl is measured at the present ¥ae of Ihe futwe prnents Oiscounled al a mwkgt rate of inrèst. FthancSal liabilitie5 das5rfied 8s payable within on¢ year a not anyjrtised. Debt instrumenls 8re subsequenlty csrrfed 81 arlbxtised cost, u¥iny the effeetive rterè8t rate method. Trade creditorn we oblvJ8ts"ons lo pay for goods or seNce8 that have been wuired in the ordinary course of operations from $w>pIr$. Amunts payaNe are c4a5sTrl8d a5 currerrt liabl1eS rf pgymènr 18 due wthin one year or le55. N nol. they are wesenled as non-¢Ut IrèbiHlSes. Tfade creditors ale re¢ognised initialty al Irans8ctron wce and subse4uenty rne&5ured at amwbsed cosl u$n9 IhB èffective inleresi rnelhod. Dewognhlon of flnanclal Ilabllltles Fancial liabilities are derecognlsed the L**ltys cort(8thal oblvja1nS eTe N are discharged orcancemed. Page 23
Royal Society for the Preventlon of Cruelty to Animals. Uys Nini Branch - Canllff to Swansea NOTES TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 ACCOUnn9 polIc4 lcontlnuI 114 Employee b•n•lM The ct5 of short.tewm ernpkny l)enefits are ffjtogThs•d as a Ilabuty Artd an exp•n$e, unk¥$ Ihos• ¢9st¥ 4re reqU•d lo te fewnised as p•t ofth• cost of Stock Of ftx•d a$ts. The rJ)$t of ony unused hdaY enti18r 15 recognId in the p¢rfod In which the employee'i strEvice$ are received. TenrHnallM benellts arn f•WiSed IrNrthatety as an expen8e the charlty li dèmonitr8bty cted to l?rrinale the eMY of an ernployee w lo de tltion benefits. Z16 R•Uremgnl ts•fft% P8yment8 to defined ccffjtribuoon r•tiTwfit benefft sche8 thor9ed 8& an expense 88 they 1811 due. 2.16 Owrniing L•¥ Rentals payable undef OPOf•t¥)y #•% ar• chowggd to eXF4ndilU on a strwght Ilne basls over the t•rm of the reknanl lease. Rentsls Oue under 1•8s•s ore tharged to incorn• on ) 9tr8i9ht fv ba85$ ov•r iho tsmi ol Ihg relevant leas?. Crflk•l •¢¢ountlng ••tbmat•• #nd w•a• ol fvdgm•nt In the 8pF4ic8btyb of tt LoiWs accertNttiig FK4id¢¥. lh• trusl¢¢B •re requlred to make Wdgmenll. estimate5 assumptions allo Ihe cawyng arThJunl of a5set$ and liaknNbes thal ore nol readity apparent from other 50urc¢8. The e$limes and assoLYèted assumptlons we based on hisiodcal expererx and other lac¢orn that arn to be relev¥nL Axual results may dlffef from these eslimales. The estlmates and a•k)n we rniM¥ed on an on9omg basis. Re10n8 to gccounlkng e$ts"male5 are reccgnksed in Ihe peric*l STh Ihe estim8ie is rewsed where ihe revish?n affecls onty that penod, or in the penod of the wi$k)n future perK¥Js Whe the re¥i&on affects both currenl and future penods. The tharity does have any key crf significenl xcounting eslimatu. Page 24
Royal Soctety for the Preventlon of Cruelty to Animals, Uys Nlnl Branch - Cardiff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 In¢orn• from {totIonS •nd le9•¢1•• 2023 2022 Don¥lbn8 138,380 118, 163 Legatle$ 712,347 SrfO.863 Ch•rftabl• *ctlvltl 2023 2023 Adopttonj, doknln9 & houBhJ 246,794 212,752 Cunlc a mlKelweou• receipls 18.745 21,069 Gran18 r•ethvod 267,587 641,953 Page 25
Royal Soclety for the Preventlon of Cruelty to Anlmals, Llys Nlnl Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEMÉNTS FOR THE YEAR ENOED 31 DECEMBER 2023 Inva8¢m•nts Un¢t¢d lund• 2023 Total lund$ 2023 Money markei Ytterg8t 3.851 3.851 Intere81 rew•ble 10.603 10.$03 Unr•srrl¢ted funds 2022 rot81 lunds 2022 MM•y market knter¢$l 1, 150 Inter8$t recelvaèle 4. 169 4,769 Oth•r tr•dlng •¢tlvllle• 2023 2022 Charty shop8 934,621 941,057 Speryal events 115,562 112,899 Caffe Nir 34,342 Rent Income 56.858 62.613 Misr*ll8Treous 32,394 23,633 Page 26
Royal Soclety for the Prevenuon of Cruelty to Anlrnals, Uy$ Nlnl Branch - Cardiff to Swansea NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 R*l¥ln# funds Restslcied UnrnstrSct•d fund$ 2023 Totsl 2023 2023 Rent. ratej. Ilght 8 he•t 221,937 221,937 Insufanc 7.097 7.097 MaSnlenanc• and r•pal 12,486 12,818 Waste disposd th8ng 4.830 4,J30 Othw ShndrSsng cost6 38,495 38,495 Staff toÈ 614,460 614h60 Shop goods lor re1? 22,698 22.S98 Posla9e, $t8tK)nery and teleptt 3.313 3,313 Investment management 3,439 1439 Share ol Support costs 57,158 ,158 Share ol Governgn¢¢ 8.67S 8,875 Page 27
Royal So¢iety for the Prevention of Cruelty to Animals. Lfys Nini Branch . Cardlff to Swansea NOYES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20 Rostrl¢tod Unr•stricted Tot•1 1022 2022 2032 Rent, rat98, li9ht & he8t 226.096 226,096 Iniurgnce MaSntenane• and rnp8irs 28,334 28.334 Walle disw5al and cl19 14,565 14,565 AdvertisiThJ 69 69 Other ShoWndra01n9 costs 9, 185 9, 185 Staff cgsts 82,632 489. 187 571.819 Shop goods for rn881• 32, 752 32,752 Po¥log•, stsllonery and leleph 2,951 2.951 Ifivè5tment manag•rn•nt 1,881 1,881 Shore of 5YPPQrt CtI 90.730 90.730 Share ol Governa costs 3.986 3.986 Page 28
Royal Society foi the Preventlon of Cruelty to Animals, Uys Nini Branch - Cardlff to Swansea NOTE5 TO THE FINANCIAL STATENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 Antty•l• of •xpewmlltu on ehadtsbh •¢U¥ltl Sufflmary by fund type Rutrlct8d Unmtrld•d lund• fund• 2023 2023 Total 2023 stoff e0515 567.193 S87.193 Rent, rBt•J, l%Jlrt and he8t 41.286 41,2B6 Insuronc• 2.962 2,962 MaSntenance repa 21,562 21,562 Wastt dlspo8al and deanln9 33,326 33,326 Télèphone 4,898 4,898 Travel and 8ubiisten¢• 1.213 t.213 Shop goodj lor re$gle 20,021 20,021 Vet fe¢$. mediwe and lIar costs 97.183 97,183 Food and pet 8uppMes 27,058 27,056 Postage, slallon•ry. computer costs and 7.897 7,997 Staff trainin9 1,753 1,763 Stsff unKonn 2,462 1462 Bad debt 1.730 1.730 Mlscellaneous costs 1.505 1.$05 Shwe of SUPF¢Yt costs 45,542 26,293 71,832 Sh8T8 of gtsveman t05ts 7.943 Page 29
Royal So¢lety for the Preventlon of Cruelty to Animals, Uys Nlnl 8ranch - Canllff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 R•strfeted Unwtrltted fvn¢ts lund• 1022 2022 Tot•1 2022 Staff c05t 23.003 457.876 480,8T8 Renl, rales.11ghl and hèat 50,920 J,920 Insurance 2,566 2,566 M8inl8nance and r¢patri 19.461 19,461 Waste d18p0s and cteaning 21.202 21,202 T•lBphone 2,628 2,628 Travel and subilst•nee 684 684 Shop goods 14361 15.361 Vel lee$, medicir and htNare costs 100,424 100,424 Fwd and SU$ 18,646 18.646 Pastsge. Statnery, computer c08ts advertlslng 8,208 8,208 stair trainlrJ 749 749 Stsff ynlfcrfn 2,303 2.303 MiseeManeou$ costy 1,305 7,305 Share of SUPF¥)rt Costs 24644 12,716 38,360 Shwe of9ovemance costs 4,927 4,927 Pag* 30
Royal Soclety for the Preventlon of cnlty to Anlmal$, Lly$ Nlnl Bran¢h - Cardlff to Swansea NOTES TO THE FINANCIAL STATEAENrs FOR THE YEAR ENDED 31 DECEAIBER 2023 10. Support ¢o$l• Support Gov•m•ne• ¢osl• 2023 Tot•1 2022 Tol•l Dtt&¥0n 94,561 94,561 74,5L BonklCrdit card Laryes 16.021 14021 14532 PrOf10nl chwges 17.030 17,030 23,836 Conllbjtth to HQ 1,378 1.378 968 lryecoverable VAT ia854 Audrt fees s,1 Trustee expen 0reaCh wo Z822 A(%Jn1n9 f••1 2.885 An4ly•d bet1¢n Funth818kn9 57.158 q675 6&833 94,716 Chorrfobse Athiltses 11.832 79,7T5 43,287 11. Staff ¢o•ts 2023 X122 Wage5 and 8818ries 1.078,208 968.347 Social seujnty cosls 73,439 59.072 Other pefi3n costs 29.768 25.278 Page 31
Royal So¢iety for the Prevention of Cruelty to Animals, Llys Ninl Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÈD 31 DECEMBER 2023 11. Staff ¢ots leontlnu•dl The overage number of perSty er ty t1 Clwlty during yegr was as fdlcrtws.. 2023 No. 2022 No. Emjoyees The Bverw monthty number offull me equivalenl emthe•s durlng the year was: 2023 No. 2022 No. Managemonl gn¢J admirl$trats)n Anifflal 26 Shops 23 No •mF4oyee recewed remUn¢ral• amounting io nvxe than £60,ON kn either year. 11 Volunt••r# The tharity w8$ &$91ed by vdunteers duriig Ihe yeir. The btrnefft of the volunteers ale not ¢Juantffjed d in line wlth Ihe requirennls ol the SORP. t5 #ThnI been COgnised withln the accounts. Page 32
Royal So¢1Y forth• Pr•vvrtlon of Cwelty to Anima18, Lfys Nlni Brnnch. cardlff to Swan888 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Spllt of Aud1¢ •nd nOn4Ud 8wvI¢ 2023 2022 Accountsncy 2,885 941 Aud 13,000 5. 150 14 Tru•t•M' r•mun•Atlon •nd ntrI There were no truslee¥' r¢mwwgJon w othw benefits lor Ihe yew ered 31 t)Kemtw 2023 nor for Ihg year ended 310gcefflb8r 2022. 16. Tru•tw•' exponM• Two Tw¥lee8' were relrturwl £1.867 for 4J6bursements made on behaN of the TN81. In 2022. Iherg was no reknburswrfnt of Trwt¢8 dbur6e4nents made beh¥Wofthe Tru$L 16. K•y m•nagem•nt pw•onno1 kty management PW8onnel of the charty th 2023 wi 2022 aro the Brnnch ExeoJiNe, the Branch Flnance M8ng9er. the Centre Manager, tho Area Shop Mampr and the truste. The total employee costs ot the emOyeeS deerned 10 be key mwwement perswnel was £165,372 12022.. £162,1 12). Non¢ ofthg kty management perSOMd pwd a sry 4)ve £eo,ory). 17. Redundlncy and olh•r yMan The chaity made rtrdundancy p8yTrRnts 01 £2,50012022.. £10,121. Page 33
Royal So¢hty for the PYev¢ntlon ol ¢nlty to Anlmal8. Llys Nlnl Branch- ¢•rdlff to Sw•nsea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Net gilns1llo••I on In¥•strnvnts Unr•*tdct•d Unr•strl¢t•d lund• 2023 2022 Re¥alJallon of inv•sbnèht 19. Tanglbl• Ilx•d 4J••ts FIxiureB 4nd Cllnlc flltJn9• •qulpm•nt Freehold Awl und•r land conJlry¢tlon Motor ¥ehlcl•• Tot•1 Co•t orvaluatlon At 1 January 2023 2.116,116 S22.145 9B3.208 4,125 25,814 3.651.408 Ad¢Jfti¢)n8 473.067 43.000 567.027 R•vabJ•lor 522,145 1522.1451 Al 31 Oecember 2033 3,111,328 1,034,168 4,125 68.814 4.218,435 D•prnc1•OA A¢ 1 January 2023 gSS.513 750,9SO 4,125 16.201 1,727,189 Charge l¢x the ye¥ $3,893 34.722 6,146 94.$61 Al 31 December 2023 1.(MJ9.406 785.672 4.125 22,347 1,821,750 Not book value Al 31 De11 W23 alPA Page 34
Royal So¢lety Icfihe Pmtentfjon of Cruelty t¢ Anlmal8. Ltys Nlnl Branch- Cardlff to Swan$e• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Flx•rt ••••t In¥tments Ll$l?d Inv•$¢ments 2023 Total fund• 2D23 Co•t I V•luatlon AJ at 1 January 223 1,865,157 1,865,167 Addjb'on 58,894 68,694 Valu¥liDn ¢honges 147,874 147,874 Cuh rn0t 114.4541 114.4$41 D18posal 153.7171 153.7171 Other movements 2,298 1298 Lls¢•d Tot•1 funds 2022 2022 Colt I V4luatlon at 1 January 2022 1,570.205 1,$70.2QS Addttion 1.039,588 1,039,588 V8lu8tlon chBnge (103,803J {f03,8Q3J Cash movement 13.203 13.303 Dlysal (654.036) (654,036) P8ge 35
Roy•l Soclety for the Preventlon of Cru•lty to AnSm•l$. Lty$ Nlnl Br•n¢h- Cardlff to Swansaa NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Fln•n¢lal IMtrumtrnts 2023 2022 Flnan¢l•l a•••ts FNn¢ial os50ts measured ot tslr Ihr• Into and ¢xperKliture Sto¢k• 2023 2022 Stc<k 23. D•tytorn 2023 2022 Du• withln on• y••r Trade deblc¥s 40.534 36.8T7 Otlw debto 133.503 268.296 Prep8ym8nl$ 8rKI gcuwl 753.012 675.573 Page 36
Royl Socl•ty lorthe Prtveniion of ¢Nelty to Animals, Lty• Nlnl 8ranch- Cardwf to $wan¥•a NOTES TO THE FINANCIAL STATEAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Credltord.. Amount• falllng due lthln on• yur 2023 2022 Trad* creditts 59.882 46,548 Other taX8llon a1 8c4lal 8etuilty 35.217 29,321 Other credttors 97,532 79,426 Accruals delerred 82.672 33,886 2& D•f•rr•d In¢orn• 2023 3(122 ng trom gran1$ 52.223 Roorn htre pakl in advanc• Deferred Incorntt 15 IrKluderf In the finw81 SlatemlS al follm: 2023 2022 Deferd Incom¢ 18 knduded wllhin". Currenl Liabilrt5 52,873 Movernents in Ihè year.. Defed Income 8$ al 1 Jafiuary 2023 Released from previous penods Resources delerred In the year Deferred inccffje a$ at 31 D¢cerntth 2023 87 Page 37
Royal So¢lety lorthe PrÈvnllon ol Cruelty to Anlmal& Lty$ Nlnl Branch. Cardwltts Swansea NOTES TO The FINANCIAL STATEkENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 26. R¢tlrement bonellt scheme• Dfrflned ¢ontdbutlon schernes The charty oper8le$ a tsfined cwlrlbutlon Pen( srer* for am quaIfyq emthee8. The asset ol th• sthme are hdd aeparatety from those ofthe chwty depdnty admthl$tered fund. The charge lo the Statement ol Fthawal AclfvlVe$ In rnsp•(# of defined eontribubon schemès £29,76812022.' £2S.2781. Amoun1$ ¢yJtstanthng 81 the yew4N5 totolled £11.775 (2022. £6,728). Page 38
Royal Society for ¢he Pwentlon ol ¢nNy to Anlm•ls. Ltys Nlnl Brtn¢h- ¢ardlff to Sn NOTES TO THE FINANCIAL sTATElNTs FOR THE YEAR ENDED 31 OECEM8ER 2023 28. Stslement oflund Shop rent Commrtment5 M rnntal paymBllt5 for the Vari dMrity shops Seased by th•rfjty. Funds lo be released %then reoutred by the chaity Cardlff rthomlng faclllty The Trustees have designed lund8 to a 119 C•nlre n Cardéff lo kncrease thdr within that area. Centr• upgrad• Gen¢r81 upgrade lo the anknal aC¢th717K u nece$88ry. Flx•d Reloles to the ntri book va• ol the chwty$ re•trIcted fixed A65et$. Mo¥•monl relat•8 to addlllons. diswsals and dwectation kn the yew. Tr•n•l•rn Dog Run- The dog run vn$ •led kn th• yew and no fijther lund$ are requlred lo be de¥l9naled. Page 39
Royal Socl•ty forthe Prevenllon of Cruelty to Anbmals, Llys Nlni Bftn¢h- Cardlff to Swansea NOTE8 TO THE FINANCIAL STATENENTS FOR THE YEAR ENDED 31 0ECEM8ER 2023 S¢•t•m•nt of fvnd• Iwrtlnuedl Statsment offunds- ¢urrent y••r 31 Gilnl Decèmber 2023 Jnu•ry 2023 Tranthrn Wout In¢om• Exp•ndSturn Unro¥¢rl¢tsd lund O•slgnat•d fund• Shop i•nl C4rdiff rehornirg 60D.ODD Flxed 1,431,484 1,431,B84 Centre uF4Jr8d• 100,000 100,000 100.000 1100.0001 1331.884 1100,0001 2,231,884 G•n•ral fund General Fun¢Js- 811 fvnds Total Unrestrkt•d fund• 4,520.071 1289,101 11,858,868) 147,874 5,120.058 Page 40
Royal Soci•ty fortho Preventlon of Cruelty to Anfimals. Ltys Nini Brnnch- ¢•rdlff to Swan¥ea NOTES TO ThE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 DECEMBER 2023 5t•tement of fvnd¥ l¢ontlnuedl Re8trfcted furrds 8•lanc• at 31 G•lns1 D•¢•mber 2022 B•lan¢• •t 1 January 2022 Tran$f• Inlout In¢orn• EX1*U Capltal grant 374,IK13 116.$811 3S8,422 Pots al Hom• 10,000 Playground Shener 11,420 11,3921 10.028 Pet Pl8n 3.890 11701 3,7ZO NaOnal Lotlary Awards for Al 439 RSPCA Cardiff & Dlslnct Branch 4.000 4,000 Wè15h Govemment Cmimunity Grant IYsgubNI 140001 245,000 Nalional Lott•ry - Ysgubor 210.513 1xn2 18.1671 401.178 Nats"onal Lol¢ery - Volunleer grant 0,641 4,381 HSBC 2,487 114871 Moondance Foun¢Jatsiy 110001 41000 Milknlum Sladium charitab Trust 4.614 YsgubN- Moondarw 20.000 14001 19,600 Nats'onal Lottery - Award lor al {i(#x¢i Balley Th¢)mB8 (Ysuuborl {4) 19,600 Page 41
Roy•l So¢t•ty for th¢ Preventlon of Cruelty tts Anlm*l¥. Llys Nlnl Branch- Cardlff to Sw•n$ea NOTES TO THE FINANCIAL STATEIENTS FOR THE YEAR ENDED 31 DECEMBER W23 stateMt of fund¥5 Iconllnuedl B•l•nce It 31 Tr•n•ler4 GaIn 0Mber Inlokrt {Lo11 2022 Bal#nce at 1 January 2022 Incom• Exp•ndlture Petykgn (Dog run) 110111 4,900 Hwltsge Lthry Ilo cornmence Jan 20241 7,6BJ Landfill Isdar panels on Ysguborl 45.000 44.100 Oakd8le- Calé fltting8 Oih•r 18181 2,822 966,681 261,103 145.8741 1,181.910 Paae 42
Royal So¢lety forthe P1Bvti0n of Cruelty to Animal8. Lty8 Nini Branch- Cardiff to Swansea NOTÉS TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÉD 31 DECEM8ER 2023 Statsment of fund• leontlnuodl apltsl A project lo build a new anlm4 ¢enlTe al Ltys Nini F8mi, the SwaT¥sea Shop, upgrade lo Ceftlre and Centre Ve¢ dinic. The grant Ing wdeased lo unreslrtted fvtwls in lthe Ihe deweuatron prAKy. P•ts at Home This fitnding rdates to VfAKhern wty¥Jed by Pet$ At lo wrchaie gooth ts the anlmals at the centre. Ferret hou•• bulld Grants re¢eNed to cover C)$18 ofthe Ix4fvJ of th¢ f¢e1 house. Play¥round Sh•lt•r Fundln9 provided by Myrydd yr Gvmtylo provide ohemer and tnI ladlitles far uier8 of Iho Flayground and their par?nls. P•tpl•n 9rantw received io cOn1rt to the of Ihe efflu¢nl pl¥L Natlonal Lott•ry Award• for All Grant recefved to as$1 the wrchase ol a coffee pod. rdeased ia unre81rkaed rewve8 en •xp¢nded or rf Walise(I, in lin wth dopr•t48bJn pdlcy. RSPCA Cardlff & Dlstrfct Br¥nch Re8eNe transfeed from RSPCA C?rdlff and Dlskn# to purth•se anlmd wemare •quiwwt IOT t Cardifl distitt. HS8C Grant received to 8s¥8t the purtha8e of thg IA¥queg. Grant rel¢ax lo unre8trKled r?serv85 kn Ine th depwauon pc41ty. Moond•n¢• Foundatlon Grant receiv to asshl the PUTcha5e of th efvenl F4anl. Gwt 18 to be re98¢d to unfe5cted reserwes in lsne wlh deprecialts polw. Ml#•nnlum Stadium Ch•rtt¥bl• Tnmt Th15 granlwaj received to asslst tyih Ihe offv'En¥iruwnwrtd kk- Blrd goxes" Page 43
Royal SocIY lorth• Preventlon ol cnlty to AnlmoK Ltys Nlnl 8ranch- Cardlff to Swan4e• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Sl•t8rnent ol l¢ontlnuadl Ysgubor A projed to Ixjdd a Wsrtor centre1caf)CthtJn hub in the Ltys Nini ground. fdett by grant8 from Moondan¢e £20.OfyJ. Kwih Govemftwrt th0.oc. N8bord Lottery £217,021. Balley Thoma8 charitabl¢ Fund £20,01)J. Th• Dog Run Covered Tun b. t feNed from Pet8 at hom& £10,fXQ Incorrn la be leaSed In Une depreaBtr'on. Nation•1 Lott•ry-Aw•rd• for Al Granl reNed 10 •8Si$t the wrthase of the ellkwil Wanl. Gfwi h to be relead to unrèitrkied reserv85. Lott•ry Grnnl Croeso grani purchased fwnrtur• 8ThJ equIpnI to welcorn back tho volunts•r. Incom• to t• released in Ine with dep180n. Herlt4ge Lottery Granl Grant Income rec(w3nised fel8tes lo travd. promolm and staff txpenses. The majority ol the grant has been defertt due lo the performance c0Th1.0n r•lalwig Io lh8 employmenl ol a Community Heritage Engagemgnl Offic•r beg met in J8nLW 2024. Oth•r Induded vAlhin Other re$lrfcted grarrts awe fdkthlng.. Lhvr Cyrnru Communty gr3nt £45Q, MYG (Car parkl £572. Welsh Cafe £1,8C4J. Page 44
Royal Socloty lor the P¥e¥enllon ol Cnrty io Anlmal8, Llys Nlnl 1ch- ¢•rfMfto Swan89a NOTES TO THE FINANCIAL STATElNTs FOR THE YEAR ENDED 31 OE¢EM8ER 2013 Stat•rn•nt olfund¥ l¢oTrtlnuedl Statomont of lund•- prtory•ar B•l•n¢• at 31 GaIn Dc•mbor 2022 B•lan¢o at 1 January 2022 Trnnafews Inlout Incom• Expendttur• UnM•trfet•d lund• Deslgn•tod funds Shop renl 200,000 2CrfJ,000 Cardiff reh¢¥nlng 600.000 soo.000 F+xeO 008d fvnd 979.466 462.418 1.431,884 Ctre upgrode 100,000 100,000 Dogn 100,000 100.000 1.879.466 4S1414 2,331,884 G•ner•l fuDd• General Fund• 1729 019 Total UnreslrJ¢t¢d funds 4,171.435 2,077,655 11.729.019) 4.530,071 Page 45
Rgyal So¢hty torthe Preventlon of Cruelty to Antrnal8. Ltys Nlnl Branch- Cardlff lo Swan•ea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Balanc• •t 31 Galn•l Drnber ILo$BeBI 2022 B•l•nc• at 1 January 2022 Tr•n$l? loul In¢om• Exwid5tuv• Restrfc¢•d lund• Capilal giani 115.$811 374.003 P•ts at Horn• 10.000 10,DOO Ployground Shetter 12,348 192BI 11,420 pdpi 11701 3,890 Natlonal Lortery Aw8rds lor All 1,199 (7601 438 RSPCA Cwd*ff & 045trkl 8rarKh Welsh Governmenl Community Granl IY$gubor} 250.1)Nl 260,000 N4b'ong1 Lottery - Ysgvbor 210,583 210,583 Nalonal Loilery - Vc4unteer grant r1931 5.84S HSBC 114071 2,487 M¢)ondance FoUndatn 46.000 12.0001 44,000 MAl•niwn Siadlum Ch8rrtable TNSt 4,614 4.614 Ysgubor- Moondanc• 20.000 Natr"onal Lottery - Award for 811 IioNJI s.soo Page 46
Royal Soelety fortho PTrventton ot Cmelty to Anima18. Lty8 Nlnl Branch- C8rdlfl to Swxn*a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 B•l•n¢e •t 31 Trnn•f•M G•lnsl Dec•mber t ILoJ8eB 2022 Balan¢• at 1 January 2022 Incoffle Expqndltur 8alley Thomas IY$gubort 20.0 20,000 Dwr Cynwu 01 Peopkn'j PosteC4J& Lottery 184$) 105,635 11016351 P8yrdl fundin9 495.301 602.666 1131,2791 966,681 Page 47
Royal Socloty lorthe Pr¢¥•ntlon ol ¢Nelty to Anlm•l8, Ltys Nlnl Brnnch- Cardlff to Swans8a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 29. Sunynary ollund• Summary olfund•- eurrent y•af B•l•n¢• •t 31 G•ln•l O•¢•mber ILo88e•l 2023 B•l•n¢g •t I January 2023 Tv•n$fer• inlout corno Exp•ndltuv• De51gnated funds 1331,884 1100.1)00) Z.231,884 Genernl knds 1188.187 1289.101 11,8S8,8601 1(Kl,000 147,874 2,866,294 Re$trted lund8 9.601 261.103 146,8741 1.181.910 30. Operatlng l•M• commlthi•nt• At 31 D•cernber 2023 the Chffji had lo make hjture rriThmum lease p8yYnents ¢Jnder nOnn¢•IabI¢ Operarj baas•s ai fol0.. 2023 2022 Not later than 1 year 116,4fy) 68,650 Latsf than l year not later Ihan S years 135,013 735,932 Page 48
Royal SoclW forthe Pre¥wOon of Cry¢lty to Artfmals. Llys Nlnl Brnn¢h- C•rdlff to Swan& NOTES TO THE FINANCIAL STATEMÉNTS FOR THE YEAR ENDEO 31 DECEM8ER 2023 31. L•u•# ¢Conned) 31. L•vor At the r•pm end dat• th• had clintrac lth ten•ts forth• fr41owJn9 mlr4mMI le payff*nts'. 2023 2Q12 Imhln ont ye8r 33.000 74000 88Nveen and fve yews 131000 132.000 Over Ilve ye8rs 343,700 334,583 Page 49
Royal So¢l¢ty forthe Prtventton of Cruelty to Anlmals. Ltys Nlnl Branch. Cardlff th Swanst* NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 20rJ 32. Caplt•l Commttrnants Thwe are no catal cornnutrwts otlhe bakn Setdate12022.' £126.4711. Comparqtl¥¢N lor Balanc• Sh••t Urmth¢t•d R8#tdcted 2022 Totsi 2021 Tot#S Fund lund8 fvnds lunds Flx•d A•8•t• Tangible Asstrts Investments 1.431,881 492.338 1.924.219 1,446.158 2,297,038 492.338 3.789,376 1016,383 Cuvrnnt A•a•t• 16.648 16,648 980.746 13.852 Debtors Cash at bank SC6,403 474.343 372.255 1,412,214 474.343 1.886,557 1,813,753 Credltorn Amounts f•lllng t•Athln one yr 1189,1811 {189.1811 1183,3771 N•t eurr•nl a•sel 474 Tot•1 ¥M•t# lels ¢urr¢nt Ilabllltles In¢om¢ Fund• R8slricted Funds .881 6.681 495,304 nr De&gn8ted Funds Unresln'cted fvnds 2.331.884 2.331.884 1.879,466 91 Page 50
Royal Soclety forthe Pwenuon of CNtlty to Anlmals, Ltys Nini 8ranch- Cardrff to Sw2nsqa OTES TO THE FINANCIAL sTATENTs FOR THE YEAR ENDED 31 DÈCEMBER 2023 Related party tr•nM¢tlf These have tbeen disd05ed notes 14. 15 •d 16. In the prlor year dcffl8tion$ fr(m Ilustees tots'ng £160 received CondOn$ attachgd. We Identrfied none in 2023. 35. Post Balanc• sh Ents The Chority merged •hth th• CwmBrfhtn Brnnth M 31 MBY 2024. 36. Curmnt yoar b•lIn •hw¢ •pll I)¢ fund• UfiMtrl¢t•d R••triet8d Fun fund• 2023 Totsl fundi 2022 Totsl lund# FIX A•••t• Tangible As$els Investments 1,897,CQ1 899,684 2.396,885 1,924,219 17018$3 699.684 4,40Z,537 3,789,376 Curr•nt A••tts stock• 19.122 19,122 16,648 Debtors Cash al bank 58,053 927,049 980,746 1.640,286 $34,449 4174.734 1,B86,557 Crfrdltorn Amounts filllng vAthln one ye•r 1223.0801 ($2.2231 1275.303) 1189,181 Net curY•nt a•••t Total a88•ts1• current 1Sabllltles Income Funds Restricted Funds 1,181,910 1.181,910 988,881 nre51ricted Fund5 Designated Fwtds UnrestrKled furbjs 2,231,884 2,231.884 2,331.884 2 888 174 aLL7 6 301968 05 1181910 Page 51