Charfty fi￿n￿er. 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•iponalbllFt￿s 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•tIm￿l 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 charrt*s govemiw do0jm￿t, Ihv ch)rit￿ Act 2011 and'AccouDttng and R*wir¥J by ChAriti•¥." Sl•tfjrnenl of Re¢r￿ed 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 ￿1￿ch of th¢ Royal Svci•ty for tho prO￿n￿On ol Cruety to (t￿ SK*tyi. urryfftg tyjt its anim81 weW8r• wort in the unit4ry lulhor￿*I ol Swansea. Ntath Port Twbrt Bwfid. 8LYne are*# within Rhondda Cynm Taf. Powys and C•rrJiff. Ho*e¥er. when ￿e. 11 tsk?& In •thimth ftcdn the whc4• olsouth and W•sl W*8. The objects ol the 8ranch •r* th• •nd c*iacts ollh• SLK*ty- lo wcmote ktndne814nd to or 8uppre6s ¢n￿llY lo 30imokn by •ll lthil mans- with wrbtiJ*r rtfwen¢• to th• •r•• fjl the Br•n¢h, In ￿t￿rdIn¢• 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 •0￿m311 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 s￿￿13 broughl into thè wtre. Th• of the ¢enlra A $7 do9• and 102 15, 100 rn11￿1￿￿￿W¥ •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 $uppryl *nd gpace for them w yo¥#Je thèir 8ervic8s. Tha blanch also woths dosdy ￿th St J¥mes V*terin¥ry Group to provkle ￿e￿ary seNices for the br8nch •r*irnalJ and •l$oworf(o wlth umber Of volunt•¢rs io ￿1p wlh th• al th• Cantr•. ￿ th• 8hcp8 and CMA ￿ Ihe sit•. wovk*'ry rn￿h 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 b￿offits 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 gu*Jance p￿￿1¥hed CtyTrn*sh*. Under the Charitse5 Act 2011. lh• 8dvwcement of animd werrarE i& recOgn￿ed as a distsnct stalulory chaTiiable PUWse. This legi51abon and Iho Arrirnal iThJi¢ate an acttyat￿ by Njocioty that treatsng living Creat￿85 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 fial￿e. 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 frIo￿n9 p8p5 or this report focu& an Knmobng kindneBs and or SUF*Yeswng uuety to animals and v uThlertaken to f￿r￿￿these purpose$ lor the ptsbkc tenefit. The opportunty for fvee tsse of the Uys Nini site to the and Iwder rKffimvnity, 3rKI our partnership W￿knng 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, $14¥ry1 our ln5FectC￿ ty t￿1￿ in QT ab•ndM•Y anim•ls, itK*Jding pels whoae ownorn ill or finanu•f drfficulbos or pass wway. The Bran¢h pytiwdes subB•Jwd velarinary treatrnèTht lor ar1￿1$ stc& w injur•J and who bdong to brnr wea pèop￿ on low *ncow•s through a voucl*f Subsh4LSed ￿ute￿n9 and micrrrthipping of r•t$ 15 also wovided for those in Ihe Branth area on Incom•• W¢￿ir￿a in ccll*oration 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 r￿￿rSh￿. Anim￿$ in our ¢wo rernfr4¢ v¢terinary Ireaknoni v•ttsn•b"¢)n. neutering. ￿￿￿th￿F4￿9 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 subs￿lary 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 oWners￿p. It wrA￿d In the b•st inlerests ol anma18. •nd therefore woulé fall cuts￿0 our obJ"•di, lo re-h¢yne ￿ those who coulo J)ot afford I￿rn. The &•n¢h •kno prov￿J￿, fr•e ol charg8. •th¢rtiwry of lost fowd animalB and, Ihrwgtt our Facébook. In8tsgFam and Twiller •rthnts. t*•8 ste￿ 10 rauniie Ihern w*h Thi¥ wor* benefrt8 our local cornmunity lin¢ll￿ing loe81 •thhoribesi by prevenling anthals strtysng posirq a risk tr> themselves ond lo Peop￿ through ad traffic *ad*nlJ. The Brnnch resp￿￿1 to tnquims Ihe pullK about anim1￿ IW. The pU￿1C benofils frwn kn￿Ing 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 vL*Jnts8rlng aTrJ traI￿r¥a tho0• who our whith t•nefits I￿1 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¥8th￿e olher rtems to ffough ￿eepern and homeless people throu4h th• A¢hl•vements and perfonn¥nc• 2023 cont￿u8￿ lo be anolher t*￿I￿n91n9 yeav in all 50rt8 d way. Ow charity shops nsen to the thallenge ol the high slreel and ra￿d 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 ar*mal8 inlo thÈ tts1t￿. mol of whrffi h•d ljeen re8cJJed by RSPC4 inspectors and were in poor dedicated staff n￿Sed the rn4onty back to heatth ané had re-homed 378 of them I2￿2 2841. Ltys Nirii continues lo *Ware ass15taTrry Ihrough(xJt Ihe tr￿anch area %18 a vOuc￿r 5theme. In 2023. sn addthn to the branth anynals l*en in, Ltys Nini 414 anima15 by means of weffa assistance. 1.928 anim￿6 were neutered, 2,058 were mKxoc*iFped. It is the bro￿.$ ihat rK* heamhy aNI'rEthrrnt4E' 8n1M￿ 8hcdJ b8 Page 2 Royal Socloty for the Prevention of cn￿lty 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 Pro*don ha￿ neuteted a la￿ number of c8ts wlhin the Pran¢h •rea. Thè sth•m8 off•r5 Thjulering an(t rntrJtrthipping lo c•ts be1cry￿9 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 O￿niS￿b¢¥Y& •$ Dcojs Lo$t •nd Found ¢•t$ South W8 - Gwent Cats Protection Io OF•ats 8 knst aml I￿￿0 wimal ser¥u. Tht Sl J•m•s Velerin8ry CliThc on wr site conlin￿8 lo be a huge to lh8 tranth. r#Jlting down on costs and h on muth bettwforlhe anmnals needing Ihe Vel tro•trnen15 ry ra￿4[. ￿. 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)th￿r•ity • do¢mntsd 8lr•tsgi¢ ¥•n fc¢ maint8ining th• hatstais on srt¢. Th• paths •nd boordw8frfs ar• c￿tinL￿lty 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 develo￿o￿t 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 unO4rt*en. Th• fff81 lytslding tty b¢ coMp￿8d wai the muGh n•¢ded eovw¢d all 109 for ow rn￿1 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 ￿l￿ging aftei. prqecl waB rnana98d in htyjse by ono olour Team Mr TDny Ell￿ •nd our IhJnk$ go to hirn for 81 lh• he￿ wr*k he h8¥ wl Inlo Ihi5 m•rt The socwd is the Y$gubor praitct. •g•in lh• ¢0$ts olwhith h*$ b￿n cov•i•d by Gr4nt5 frryn the W$h Gwnwntni, N•tsonal Lott￿Y. MoDrd•n¢¢ and Bailey Thtynas charrtab￿ Fund, and our thanki go oul Chair. Salty Hym*n lor the ell[Th￿¥ Omounl ofwtsth she hal pul In to secure th•s¢ gr•nts. Th• puwe of this buikl o Ihii of * ¢coTrnunity hub- h051ing • ¢ttfé, an acbvrty w•a lor 8 vanety of events, a dossfo¢m. 8 th•bon pi¢x8ssiw af•a. all ol help ￿ Increase the revènu¢ stre8m&, dewlop our anim•1 *Nare *Cli¥ili¢s, all w￿lS1 h￿￿ng the CLynmunty afid hlping yolact the anvkonment. All the"profil$' from the venturns be pl0￿￿ed boc* intothe c*anty lo futher our oWts¥o&. Our lundraiwno t•8m conlknue to work lirnfe86ty to r•se th? hJThJ& ar*J tho •veTrts hdd dtsring Iho yowr W•f8 suFwrte¢, in particular Ihe Ea•tw Egg Trails and hunt. OOTY, Gnell Part show, Hall￿en ¥v•ek. Christrna5 8cliwkn.es and the Mutt Strutts. They go r*Jt 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 I￿1 gf*tiiud¢ to ￿1 knnth stsff, vdunie¥is. $UPWler5 and rtner orè•ni¥tion%. eranth 15 3 vOl￿tary ￿9￿ruSati￿ and Ihls levd of •wptyt wouw nrt bo oble tolun￿10n for lh& bentrrt olpeoplD anTh•l$. Flnan¢l•l r•vl•w The Bra￿h.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 an￿al$ 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 do*Y ow Kwald Road, CA￿1￿ shop in May 2022. and there are always Oans to seek atternatrve wemi5e5 wl*n 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 dOna￿on6 ha• wce again b8en magnthc￿l Mow Ma￿•1 Ir￿￿ hos IrKrnased thje to intyeue in MIw05t and ￿prOVId rna￿*t cpndiions. The movement in unreatised gainsllosses IwhÉfe m*t ¥¥￿ 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￿ a￿10M1¢ èv¢fi¢s. ng th• ymr. th• had not dispoud ol*fiy ••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• eVndi￿r8.' £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 g*n on investh￿n￿l of t420,233 lor the yéAr tnd*¢ 31 D•¢•rnber 202312022. £452.4391. R*#•￿•¥ Pollcy The Tru51 rnain181llS festhcted, design*ed and uThrestrlthd ￿selves. The re3tr1cled reserves comprfse numbef ol individual reserve5 lor Part￿ular 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&tw*nts 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 Oevelopm*nts The Iruslees are COMMrt￿ lo yo¥*Je animal sewices at Ltys lth.tm and to èprte We￿ore a$3iston sthernes Ihroughwl the eXI￿ded bi8nch ¥ea. Thls 8ssisianL* has been ex*ThJed to assistsn9 Ihe owners Df XL bulliès Mutering. The Tw5tees are 8150 assL81iryJ a number of Fotyj Banks wlhiTh the 8r8nch area to help ktep the Animals at Iheir home environwent by prowding food lo those who rwl the help. This WO￿ i& Und¥rtak￿ in conjunction %*th Carrnarthenshire Branth theAbercw Branch. Pa98 4 Royal Society for the Preventlon of Cruelty to Anlmals, Uys Nlni Branch - Cardiff to Swansea TRUSTEES. REPORT FOR THE YÈAR ENDED 31 DECEMBER 2023 ICONTINUÈDI In lo maximtse irtrme generat¥￿. th• chwty ￿an8 to Con￿nUe to manage rtÈ land for kn'odNer5ty and lo devalop a "gre8n' visitorJ' attraction. Th¢s• *n$ use of Ihe charity's lunds bul rety on rnonoy Irom olher swrces, Inc￿lty grnnls. The Tru5toes ar• corrrnitted lo Ihe Enwmmontsl work 11￿ wothng with a nurrknvr of ow0n￿O￿on tA￿Ur49¢ th• yovng PBOF4e lo enjoy Ihe wihJSf• thr¢JKJh •vents. The Sw*ns¢• B¢ekt*peN Sod•ty •lso conbnué$ t work an site. Celli¢ WIkffit￿r5 1$ u$iry the Centre os a Jn which to gffjw n•tw* wddflow•r plants and tre*8. which In itsélf will be o benefil to ￿ vnldlrfe al Ih• Cèntr*. W¢ tontirtue 10 look at oroani$atron$ le wilh lo use the18nd for Ih• ￿nI[ft olth• In￿ror￿n*￿t Lookin9 forward, the F4anned Thrgar wrth ￿ RSPCA Carrnarttwishirn branth is 90ing to happ•n on tho 31 May 2024. 8y pooling the Fesouicea, experie￿, knv*l•J98 cOrrffi￿I￿t. 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• It￿1r4 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￿￿¥0￿nI ho8t8d by R￿lann￿ 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 ttrwgth￿in9 Ihe balance 6hoet PDWlion. The TNslèÈs &ppreoate the van¢us and 1ntwna1fa￿￿ that prove a nsk to going concem. Nofvv￿hStondI￿g 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•crultsMMt*nd 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 respon￿bIlIt￿$ 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%. Tr*re is no requirement lortru5tee$ lo retire by rutabon. tr￿tee$ ale deemed to be Yrt and properper4ons' elbJ*lB to btr tr￿let$ 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 de*g8ted lo the Anmal Centre Manager. and Ihe day-ltrday runntng ol the shy 15 delegated to Ihe hre3 Shop Manager and lo the 1ndmd￿l shLy>S' managtrFts. Tha Branch Execubve and FinanGe Manager are the lead profess*onals, bne rnanagrng the t)yddle manag*rent team and. with the c￿r, rnan8ging the iunning of the branth a5 a %Yhc4e. A regist# of TNste inlerests ￿ m*￿￿￿￿[ at branch aTrJ is a¥*l8ble to Ihe WtI￿fOr ¥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 le￿iVed rernw￿rab.ttn In Ihe y•ar. D8tatls of ￿slee oxpens88, key m*)agement rsonn•l Ind related party transac1K￿ w• d*d¢¢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¥ ￿1￿4 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. REp￿9T ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 PrfDclp•l lJllc•: ROY￿ S¢Jdety lorthe preven￿￿1 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 Ne￿￿8 Soulhham TN•t••B.' SO1￿ Hymon (Chairl Claire Chappell Iseuelaryl an Ree5 (C￿ed) ison Spenc• Howard SF4nce Robert Davies Rebec￿ Jean Rthlngs Dar￿n Lovedng Arn?n*Ja Sirniskef (Resigned In ye8rl Dr Kalherine Fender Icwpled 25 20231 Atsdltors: MHA, St8lLrtory Audrt MHA House Charte¥ Court SwanseB Ente￿$* Park Sw￿588 SA7 9FS eankeY• Barday5 Bank PLC 70 The Kingsw8y Swansea SA1 SJB Pa9e 7 Royal Soclety for the Prevenlion of Cruelty to Animals, Llys Nlnl Branch - Cardlff to Swansea TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 OECEMBER 2023 Investment advlsor8'. Estate Caprfal 7 UplBTrI5 cr85￿t up￿ Swansea SA2 OPA Brewln Dolth 5 Callaghan Square C8rd CFIO SBT L•gAI •dvl•orn.' JCP Solettors Swansea Enlerprw P¥rk Venture Court Watsf5hle Buslntss Park Vallty Way Swansea SA6 8AH Key Manag8rn•nt P•rnonn•5: Mr Dav￿ Stokes- Branch Exegjtsve Mrs Claive Phlllps- Branch FiTrgrtt Manager Mr Gary Weeks- Animal Cenlre M8nager Mrs Kirn IMlliam¥- Shop Manager Pagg 8 Royal Soclety for the Prevenllon of c￿OIty to Anlmals, Uys Nlni Branch - Cardlff to Swansea STATEMENT OF TRUSTEES. RESPONSIBLMES FOR THE YEAR ENDED 310ECEMBER 2023 The TTU$tee$ afft responsible lor prepwing Ihe Tw$tW' rnpfrt and th8 financlal stat8m8nts th accordance wrth pp1K8￿e law and Unlt8d ltingdorn Accounting st￿dards Iuiwtqd K4￿rn GEneralty ArKepled AcccxJnlSng Pra¢fjr*l. The law ap￿itabkn 10 ¢harflOS ITr Engla￿[ & INal8$ requi￿ lh& Trntsteès to prapare financw stalaments for esch ￿na￿al year whlch give a Irue and lair M8w of the 51ate of affairs of the Charity ￿ of 11$ vicc*miryJ re50ur¢es and ap￿1¢81m>rt of r￿urces. 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$erve thè rr￿￿0￿¥ ènd pdndojes of Charit*s SORP IFR5 1021." m8kalud9ments and acwJntir¥J e51imata5 that 8r8 reasonable and wudenl,. staio wh&lh8r 8ppit•bkn UK Ac¢(wntiw Starid¥d$ IFRS 1021 have bwn fr4bwgd, subjed to any rnatoriol d8parture¥ dlsdgsed and 0Xpts￿Wj in Ih? ftsbW'￿ state[￿ts.. prepare the financlal stalernent5 on th8 gc¥ng eorwn bosi5 unkns it 1$ H)apwW￿l• to pre8imio Ihal the Charily wlll tt￿tinue in busines1. The TNst0ts ar• rmponsknlv lor k••pkvJ ad•quat• •Cfthnltyi r•r•)rth ￿t arn luffic￿nt to 8huw oxplaln the ChBriIYs Ir8n5aclh?ns and dvddose wlh reasonable accur8cy al any tlme ihe f￿and￿ posit￿n of the Charity and them lo ensure tho1 the fin8n¢*l stat•ments CoM￿Y with Iho Ch8rS110$ Acl 2011, tho Charily (Accounls 8nd Reportsl Regulat￿ 2[¥)8 end the prO￿s￿￿3 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 informat￿n lTrSuded on th• charily's w•bsit•. L•gl$Loth)n In lh• Untsd Kingdom oJv•mirrfJ lh• proparation and th'ss•miiaUon of fina￿101 8IBtwent8 rn8y tr￿￿ bgisfakn In otsrl1w13d4c￿$. v•d ty ordw ol lh• m•rnb•rn oflhD ty)*d ol Tr￿￿ on #Thj ib3n•J on ts beh￿bY.. S*lly 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 appI￿able Saw United Kingdom hccounllng $18ndards, indudlng Fin&n¢i81 Reportin9 Standard 102'The FSn8ndal ￿e￿￿Tr9 Staiid•rd •p￿l￿ble in Ihe UK and Repubhc ol ITel8nd' Iunited Kin9dorn Gefieralty Accepled Accountin9 Plac1￿81. In our opinion Ihe financ#al stslement8'. gfvt a Irue ond foir of lh¢ •lal¢ ol the charfV8 off8ws •8 •t 31 D8c¢mber 2023 •nd ol Ils Ine¢mlng resource5 and aPFI￿a￿0ft ol rt50urces lor the yegr Iherb ended,. have been pro￿￿¥ prep8r¢d In 8ccord8n¢e Unitod TrQngdiffl Generalty A¢wl•d A¢Gounllng Pr?clLe, ond haye been prepared in accord￿¢8 Ihe requlrements of Ihe Charthes Aci 2011. Ba•1* lor oplnlon We con¢Yucied Ouf audrt In accordance wlh Inlernalicnal Slandards on Auditing IUKI IISAS IUKII and applicable 18w. Our lesponsi￿lItieS ondel those slan¢Y8rd$ 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 finan￿81 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 tel￿Ve 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 $lalemenis is appro￿8¢e. 8a8¢0 on Ihe we we h•ve noi ioentffjed any m•terb•l ￿¢￿rtaInl*S reWryJ to events conditSons Ih8t, tndi¥idu81ty or cdtecti¥ety, may cast significanl sjoubl on the charity'5 ability 10 continuo as going concern lor a pewjd of al ¢easl hvel¥e mthlhs frLkn when the financèl swtemenls are 8Uthorised fof 155U•. Pa9e 10 Royal Soc5ety for the Prevention of Cruelty to Anlmals, Llys Nlnl Branch - Cardiff to Swansea INDEPENDE￿ AUDITORS. REP(XRT TO THE MEMBERS OF RSPC& LLYS NINI BRANCH ICONTINUEDI Ouf respon$ibilrtk8S and Ihe re5pOns*>i￿eS ol the Trustees ￿perI lo goM)g concem a￿ dg¥uibed in the relevanl $ectson3 of this repNt. Oth•r ln10m￿tIoTr Thé Other ￿le￿All0n cory>ri5e5 Ihe Informa￿ty) Inckthd kn the Annual report other thon th¢ finandal atements and OUT Auditors. rewt thereon. The Tnt$te8$ are re$poTr$trJle for th¢ other inforrnation contained hin Ihe Annual ￿pOrt. Our O￿nIOn on Ihe fin￿cIal slatements does not cover the olher informaiK)rt and. except to Ihe ext•Trt othervA$e expl*c4tty $tsted ifi our re￿. we do not expréss any ftsmi of assurance oncluslon ih&reon. Our respons￿￿￿ is to read Ihe other information ant1. in doing so. rxJn8bJer whether Ihe other inlornialion is materiaty incon$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$ed ortr the work we hove Wrfo￿￿d, w• eundude that there l¥ a rnatorl81 ml$slatemenl ol Ihls other 1n1omw￿n. 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$pe¢t of Ihe lolkmng matten vthtr• Ih• Ch*ltl•8 l*£ce4Jnts and R•portsl Regulations 2(K)8 requires US to report lo you rf. In our WnKJn the inforff*tlon gl¥en In the Tns$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 r￿ordS and retumj.. or we have nol Ihts ￿lI￿rna￿)n and exp￿￿￿110￿￿ ￿ ieqL#re lor our audtt. RMpon81è11111•• oltru*t• As exF4ained rrmye fvly in the Tw¥tee$' reSPLY1*N￿eS sMemenL th& Truslees 8re ie6ponsible for the preparation of the financial 8ts1ernents gr¥E a true and falr ¥6trw, and for such thlemal cor>lrol as Ihe TNst8e5 dtltrmine is necessary 10 trTr8tAè the preparaoon of financial st*￿￿15 Ihal a￿ free from m819rf81 mlsslal•ment. ￿ether du• to fraud or errcr. In preparing the financial ststernent$, ihe Tlustees respmsl￿e fv asse551ny thB tharws ats￿1ty to continue as a going concern, disd05ing, 85 applcBt4e. motters re￿ed 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 $0. Page11 Royal So¢lety for the Preventlon ol Cruelty to Anlmals, Llys Ninl Branch - Cardlff to Swansea INDEPENDENT AUDrroRS' REPORT TO THE mE￿ERs OF RSPCA LLYS NINI BRANCH ICONTINUEDI Audltorn, r¢$ponsI1￿111I¢• lorth• audlt of the Ilnanclal •tstements We have ￿t￿ 8FPO￿ted 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$' report thal indudes our opinion. Reasonable 8S5Ufance 15 a h￿h level of 8ssurante, bul is nol a guaraniee thal an audil conducted In accordance wilh ISAS IUKI wdl thays detect a mal¢nal rrrisstatemenl when rt exists. Mlsslalernenls can Brise from fraud or errv and are con$ldered matuial rf, individually oi in the aggregale, they cwtd reasonat4y b expected to infi￿nce the ecoft￿￿ dec18th8 oftssern takan on the ba$15 oflhestt finanraal 8181emenl8. Irre9ularflies, IncludlThy traud. are Instan￿ ol Th¢Y￿￿￿lIaNce wlth lows and régulations. We design procedures In line wth our respwsiknlrties. Out1￿8￿ abo￿. to ¢Jele(a rnat¢n'al rnlsslalemenls in fespeci of regularities. includln9 fraud. The exlenl to procedur￿ are capa￿e of detecting Irregul8ritieB, du¢lng fraud is detailed belrm.. obtsin ond up(late ￿r underslanding of Ihe enltty. Ns arAw14#. tt$ ctytrol erI￿ronMen1. and Ilkely fiJtw• development$, Induding in rdal￿n to the legal and regulatory fr8rnewor* applica￿e and how the enlily is cOm￿y1ng wlh thal frarnework. Based on Ihis under51anding. we Identify and a55ess the risks of m81eri81 mi$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 Cons￿lerat￿)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)nn, lorgery. Inieiitional omiS￿n5, rrMsreprewiaiion5, or the overnde of Intemal C￿ntrOl. Thi5 has been done sn order for the finanLyal Slate￿￿t lo provth a true fair view in accordance wlth current Generalty A￿epted Na¥AmD"ng F¥aciice. P8ge 12 Royal Society for the Preventlon of Cruelty to Animals. Uys Nini Branch - Cardlff to Swansea INDEPENDENT AUDITORS, REPORT TO THE 1￿MBERs OF RSPCA. LLYS NINI 8RANCH ICONTINUEDI A fvrthfjr d¢wptw of respoD$iblrties for the audit ol the finarKial stsleThntS 15 kKated on the Finanrial Reporting Coundf5 website at.. w¥￿¥.trC.Ory.￿kJ￿tJrtty8Ie$pofft￿1IitieI. de$uptron lorm$ part of our Jéilors, report. U•• ol our r•port This report Is made $ol¢ty Ic¢ Ihe tharitys trusteos. as a tr￿, in accordance wrth Part 4 01 the Charltlei IAecounls and Reports) Reg￿atiOnS 21J)8. Chjr audrt wryk has been wdettsken 80 Ih8t V￿ mlghl st8te to the chanty's Iruslees those rT*tier5 we are reouir*J lo stale lo them in an Audilor$' 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 OpIn￿n& we have forn*d. 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 l*tNt¢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¥ lu1￿8 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 $33,126 875,774 Other tradlnB athvlb'?¥ 1,1717T7 1,173,777 1,1410,202 Invtslments 14,454 14,4S4 5.319 Total In¢orn¢ ExpendltLtre on: 2 672 084 Raluing funds 332 992.488 992.820 987,8T4 Charfjtal>￿ oCti¥iti 911,922 768,621 Totsl •xp•nd51ur• Net In¢ome IMlor• n•t g•ln&l{l￿IMI on Inve•tmenl* 215,229 452,113 867.342 923.816 Nel gaIn￿{lO$S￿$) on Invostsr*Ks 147.W14 147,874 (103,803) N•t movemqnl In fund• Re¢onellla￿oll olfund*'. rotal fi￿d5 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¥ c*rrfed for•td The Stalertwst ol Financ¢81 Acbvthes indude8 al and h)$6es recojnised lfi Ihe ye8r. The note8 on pa￿5 18 to 51 lorm part of Ihese fi¥)artial 5taternents. Page 14 Royal Socloty for Ihe Preventl¢)n of Cruelty to Anlmals, Uys Nlnl Branch - Cardlff to Swansea BALANCE SHEEr AS AT 31 DEGEM8ER 2023 2023 2022 No¢• Flx•d •u•l• Tanglblo a0￿1$ 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 tal￿n9 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 P￿Vent1Dn of Cruelty io knThals, Ltys N￿1 8ranch - Cardiff to Swansea Is 8n uttirwwoled charity whose Pr￿￿1 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 ch01b￿8$ Act 2011 8nd 'AcCoUn￿ry and Reporb"ng by Chthe$.' St&iemeni of Recommended Practice appl"cable lo Charil￿S preparing th¢¥ Kcounls in aC¢ord0￿ with the Flnancial Reporting StaTrdard applicable ￿ the UK and Ropubh'c of Ireland IFRS 1021 l•ff•c*ve 1 January 20191. Th• chty li 8 Benèfrt Elltty as (lthed by FRS 102. The Ilnancial slalemenl are prtrpared in sterting. ￿lch is the fvnctsonal currency of Ihg tharfty. mon￿ory amount$ In the$e financol siatemenis aro rounded lo th& nearest £. Th• financial stat•m•nts have l)w wepared under the N&tr*kal Cosl corwenlloo. modM6d lo certain fin8nual Inslwments 8t latr vatu¢. The prIn￿paI acco￿1*ng policN?¥ adopted we sel out below. 2.2 Golni ¢one•m At the tirne ol WFwn9 fv financial 61alemenls, the Imslees have a fegsonabk expedallon that th• thanty has adequ8t¢ resour￿9 to c(#wnue in 0￿ratIonal existence for the foieseeabje fU￿ra. Thus Ihtr Iwslees coniifiue to adopt the goln9 Cor￿ basis ol accounlln9 ITh preparlng Ihe financlal statements. 2.3 Ch4rtt•bl• lund8 Unreslricted fvnds are availabl• for w at lh¢ dlwelth of th¢ Iru8te¢$ 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. R￿triCIed fvnd3 ore s￿)leCt to specifK condith?n$ ty donern as to hcrw they May be used. Th¥ purp05e$ and LW¥ of the ￿tric￿e0 funds ale sèt out in tl* notes Its thè finan￿al 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 inc￿ded on the Ststaff￿1 of Fwwcid AdNitses %then the tharty 1$ kgalty eniiled to the Srtcome and amcMJnt can be g￿nIl￿ed r•#onabk a¢￿T8¢y. graN$ ¥e wblect lo perfom)ance re￿Ied tondrtKsn$. Ihey are re¢iJ9ni$ed in Ihe Slatemenl of Fin8nu81 A¢livI￿e8 based ￿then the pertOrM￿ related condittcns have been m￿, in line *ith th¢ S18tement of Recommended P￿tice.. Aryounting and Rep)rting by Chbthiei. Co8h don8b"on8 8re re(#)gn*8ed on recthpt. Olher donatians rewni$ed wce the th8rty hès béen notified ol the don81irffi. un1985 perfom)ante ccfidilions requn deferral of the 8mount. Income lax fftco¥erat4ts In iel8tion to dmatycffis reCe￿d undw GSft A&J or *Jeeds of covenant 18 recogni8ed I the hme of donation. Lepè¢le$ 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 Stry￿eS and f3dl￿t¥ 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• re￿gnO￿l Ol their ¥olu¢ %¥then the takes p*c•. Income from chant8ble tradthg actsvitEs represent fee$ charged in respect of th? 8dopttoJ and treAtrnenl of anlmpl$. the pr¢Nl$ion ol boarding laalt￿8 and fe88 fc￿ r•cover8d pets. Ihese income str¢9￿ arg credited to thé Sl2lemerrt of Financial ActM1￿5 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 $cl¥r farn tsKome1s r•cognlsed In the period to the Serwce frs p￿￿ded. Inlerest on fwds hekl w depo$rt is m￿d•0 ￿ rticewab￿ 8Trd the amourrt can be m*iiur•d reliabty by Ihe ch8rfy'. th* Is normaty w MtrfK81ion of the interest p8id or payable by the bank. Page t9 Royal S￿Iety 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 reCr￿n158d 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 obl1￿110￿ 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 Sh￿ed costs, indudin9 $UPPQrt CO51$ invol¥ed ￿ undertak￿9 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 s*ngle 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 $eWery*nl *il be ￿qUIred and Ihe 8mount of the obligation can be reliab￿. Costs of rawng fvntts rxfflpri￿ ol the e05t5 ￿1 relalim to werating thcomo luth as fundraising Expenthturn on eharflable am co8t¥ rdaltng to the furtherance of the ¢h¥rflls obiectwes as itated in the trusteos rw. Irrecoverable VAT l• (*arg¢d 0$ • cost a9On81 lh• th• ex￿ndIt￿re wa8 irllirred. All costs are ollocated bfrtrmen th• •xpenditure ￿le90￿e5 kn tha SlatemeTrt ol Financial Activitr'8$ on a basls des￿￿¢￿ lo rellect Ihe usè of Ihe resource. Costs rel8tlrng to 8 par￿cular 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 Unde￿ke ¢haritsb￿ a¢b"wtres. G0vWnar￿e costs comprise all costs invohfmg put4ic atcountabN'ty of the harlty and ¢ornpkn¢e wlth re9￿atth 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 Accoun￿fig pollcl•s {rortlnu•dl Z8 T•nglbl• Ilxed •uets and d•pre¢l•tlon Tangible fixed assets are in6tialty re0)gn￿ed al Cosl. After ￿Qgnit1.0n, under the cost mNJèl. IAngitAe ffxed ossel$ are I￿88￿re￿ 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 Depr￿atson r4 c*arge¢ $0 as lo awate the cost ol tangit4è fix•d aM•ts ￿$8 thew re8K¢ual value overtheir eslirnated usefijl INes Depred4￿cffj h wovlded on the b85ei'. JTri Jlngs BuilJin9 improveTrwnls Molcrf ¥ehide$ Fixtures 8nd fittlngs C￿nIc eq(llw￿t 2% per annum straight fing 10% per onnum slraighl line 20% per sti8ighl line . 4- 33% per annum $trw"ghl line . 10% pv anrKMn ￿￿￿1[￿4 Wan¢• G*n5 and 10$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 C￿1. ￿￿ed on threct ￿•ts Incurr¢d. Thty #ré not depreualod Urt￿1 th• IK¢￿￿1￿0 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 rneau￿d ai transaction pru exdudlng transaction co$18, and are subséouently measured * fair v*Je at each ￿Porb"￿9 date. Change$ in I￿r value ore recognised in net incomellexpenditurel for the yew. Transxt￿JTr ¢o$ls are expensèd bs irwed. 18 IMp•1￿•￿t ol flxed •9•ets At each repcrfing end dale, the dwnty reYlv4n the rxwng amounts of Its i¥ng*le 8Bset5 to etem)ine wthether the￿ any Indicab'on that those 8sset$ have wffered w irnpaim￿nI ILM. Ifary such indicatK)n Exists. the recoverable amount of the a55et e5tirnaled in ￿dEr to t1etermlne the exlent oflhe knpobrrn￿t 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 c￿￿lty 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 loc*ion and ¢ondib"on. Items held lor lstrlbuJon at no Of rttqnind ￿¥￿￿eral￿Tr ore mea$w•d th• ltrA*r of feplac¢rnent co$1 aTrY cost. Donated goods f¢r ￿k7 are not valwd. Net reallsdblovalue Is the estimaied sdling price less all ￿￿Mat•d e05ts 01 9)mp￿tIon and costs to b? Incurred In markeb"ng, 5ellTrg and dis1ribu1c￿. 111 D•btor8 Trade anl Other ¢Jebtori ¥• r•COBni$￿ 8t the setuement amolffit after any Irad• diicwnl offvTrd. Pr9p8Yn￿fits are valued èt the ar￿￿nI k¥ep8kl net ofarty trade th8counts due. 2.12 LlabllIll￿ and Prov￿1*￿• 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 w￿re￿ In Sett￿Ment. and t amouni ollhe setylernenl can be ests"m￿trd reliabty. Llabilrties are r*cogni50d Bt Ihe amounl that the Charity ant￿pa￿S il wll pay 10 Sa￿8 the debt or Ihe arnourbt it hfis re￿iVed as 8d¥8nt•d pay1￿ for Ihe go)d$ w 8eryice8 rt must yovh*•. ProvisK*ns 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¢¢Oun￿￿9 pollcles I¢oiiiinued) 113 Flninclal Instruments The charty has elecled to appty th• pm?siws ol SeL*on 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 p￿sented 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 In￿1* 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$$rf￿d a5 retoN8t46 wthin y•ar #re ntsl aMD￿'se￿. D•r•¢ognltlon of Ilnan¢L•l a•••t• F￿ancIal 8$8¢18 ?￿ dwecognised onty whèn eontrxbA righ1¥ to the ca$h flows Irom the a¢$ ex￿re crf ar• seltkd, or when Ihe ch8rrty Ir8n8lers Ihe f￿￿￿1819$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$et has trzn51eThéd io another party that is 0￿e to sell the asset in It$ entirety lo 4n unre*t•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 ¥a￿e of Ihe futwe p￿rnents Oiscounled al a mwkgt rate of in*rèst. 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 $w>pI￿r$. Amunts payaNe are c4a5sTrl8d a5 currerrt liabl1￿eS rf pgymènr 18 due wthin one year or le55. N nol. they are wesenled as non-¢U￿￿t IrèbiHlSes. Tfade creditors ale re¢ognised initialty al Irans8ctron wce and subse4uenty rne&5ured at amwbsed cosl u$n9 IhB èffective inleresi rnelhod. Dewognhlon of flnanclal Ilabllltles F￿ancial liabilities are derecognlsed the L**ltys cort(8thal oblvja1￿nS e￿￿Te N are discharged orcancemed. Page 23 Royal Society for the Preventlon of Cruelty to Animals. Uys Nini Branch - Canllff to Swansea NOTES TQ THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2023 ACCOUn￿n9 polIc￿4 lcontlnu￿I 114 Employee b•n•lM* The c￿t5 of short.tewm ernpkny￿ l)enefits are ffjtogThs•d as a Ilabuty Artd an exp•n$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 h￿daY enti18r￿￿ 15 recognI￿d 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 c￿￿ted to l?rrinale the eM￿Y￿*￿ of an ernployee w lo ￿de t￿l￿￿tion benefits. Z16 R•Uremgnl ts￿•fft% P8yment8 to defined ccffjtribuoon r•tiTw￿fit benefft sche￿8 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* L*oiWs 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$lim*es and assoLYèted assumptlons we based on hisiodcal experer*x and other lac¢orn that arn to be relev¥nL Axual results may dlffef from these eslimales. The estlmates and a•k)n we rniM¥ed on an on9omg basis. Re￿￿10n8 to gccounlkng e$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$k)n future perK¥Js Whe￿ the re¥i&on affects both currenl and future penods. The tharity does have any key crf significenl xcounting eslimatu. Page 24 Royal Soctety for the Preventlon of Cruelty to Animals, Uys Nlnl Branch - Cardiff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 In¢orn• from {to￿tIonS •nd le9•¢1•• 2023 2022 Don¥lbn8 138,380 118, 163 Legatle$ 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 th8￿ng 4.830 4,J30 Othw Sh￿ndr￿Ssng cost6 38,495 38,495 Staff toÈ 614,460 614h60 Shop goods lor re￿1? 22,698 22.S98 Posla9e, $t8tK)nery and teleptt￿ 3.313 3,313 Investment management 3,439 1439 Share ol Support costs 57,158 ,158 Share ol Governgn¢¢ 8.67S 8,875 Page 27 Royal So¢iety for the Prevention of Cruelty to Animals. Lfys Nini Branch . Cardlff to Swansea NOYES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 20 Rostrl¢tod Unr•stricted Tot•1 1022 2022 2032 Rent, rat98, li9ht & he8t 226.096 226,096 Iniurgnce MaSntenane• and rnp8irs 28,334 28.334 Walle disw5al and cl￿1￿9 14,565 14,565 AdvertisiThJ 69 69 Other ShoW￿ndra01n9 costs 9, 185 9, 185 Staff cgsts 82,632 489. 187 571.819 Shop goods for rn881• 32, 752 32,752 Po¥log•, stsllonery and leleph 2,951 2.951 Ifivè5tment manag•rn•nt 1,881 1,881 Shore of 5YPPQrt C￿tI 90.730 90.730 Share ol Governa￿ costs 3.986 3.986 Page 28 Royal Society foi the Preventlon of Cruelty to Animals, Uys Nini Branch - Cardlff to Swansea NOTE5 TO THE FINANCIAL STATE*NT5 FOR THE YEAR ENDED 31 DECEMBER 2023 Antty•l• of •xpewmlltu￿ on ehadtsbh •¢U¥ltl Sufflmary by fund type Rutrlct8d Unmtrld•d lund• fund• 2023 2023 Total 2023 stoff e0515 567.193 S87.193 Rent, rBt•J, l%Jlrt and he8t 41.286 41,2B6 Insuronc• 2.962 2,962 MaSntenance repa 21,562 21,562 Wastt dlspo8al and deanln9 33,326 33,326 Télèphone 4,898 4,898 Travel and 8ubiisten¢• 1.213 t.213 Shop goodj lor re$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. Stat￿nery, computer c08ts ￿ advertlslng 8,208 8,208 stair trainlr*J 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 cn￿lty to Anlmal$, Lly$ Nlnl Bran¢h - Cardlff to Swansea NOTES TO THE FINANCIAL STATEAENrs FOR THE YEAR ENDED 31 DECEAIBER 2023 10. Support ¢o$l• Support Gov•m•ne• ¢osl• 2023 Tot•1 2022 Tol•l D￿tt&¥0n 94,561 94,561 74,5L BonklCr*dit card L*aryes 16.021 14021 14532 PrOf￿10n￿l chwges 17.030 17,030 23,836 Conllbjtth to HQ 1,378 1.378 968 lryecoverable VAT ia854 Audrt fees s,1 Trustee expen 0￿reaCh wo Z822 A(%￿Jn1*n9 f••1 2.885 An4ly*•d bet￿1¢n Funth818kn9 57.158 q675 6&833 94,716 Chorrfobse Athiltses 11.832 79,7T5 43,287 11. Staff ¢o•ts 2023 X122 Wage5 and 8818ries 1.078,208 968.347 Social seujnty cosls 73,439 59.072 Other pefi3￿n costs 29.768 25.278 Page 31 Royal So¢iety for the Prevention of Cruelty to Animals, Llys Ninl Branch - Cardlff to Swansea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDÈD 31 DECEMBER 2023 11. Staff ¢o*ts leontlnu•dl The overage number of perSty￿ er￿￿ ty t1￿ Clwlty during yegr was as fdlcrtws.. 2023 No. 2022 No. Emjoyees The Bverw monthty number offull ￿me equivalenl emthe•s durlng the year was: 2023 No. 2022 No. Managemonl gn¢J admirl$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$ &$￿91ed by vdunteers duriig Ihe yeir. The btrnefft of the volunteers ale not ¢Juantffjed d in line wlth Ihe requiren*nls ol the SORP. t￿5 #Th￿nI been ￿COgnised withln the accounts. Page 32 Royal So¢1￿Y forth• Pr•vvrtlon of Cwelty to Anima18, Lfys Nlni Brnnch. cardlff to Swan888 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Spllt of Aud1¢ •nd nOn4Ud￿ 8wvI¢ 2023 2022 Accountsncy 2,885 941 Aud 13,000 5. 150 14 Tru•t•M' r•mun•Atlon •nd ￿ntrI There were no truslee¥' r¢mwwgJon w othw benefits lor Ihe yew er￿ed 31 t)Kemtw 2023 nor for Ihg year ended 310gcefflb8r 2022. 16. Tru•tw•' exponM• Two Tw¥lee8' were relrt*urwl £1.867 for 4J6bursements made on behaN of the TN81. In 2022. Iherg was no reknburswrfnt of Trwt¢8 d*bur6e4nents made ￿ beh¥Wofthe Tru$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 em￿OyeeS deerned 10 be key mwwement perswnel was £165,372 12022.. £162,1 12). Non¢ ofthg kty management perSOMd pwd a s*ry *4)ve £eo,ory). 17. Redundlncy and olh•r ￿yMan￿ The chaity made rtrdundancy p8yTrRnts 01 £2,50012022.. £10,1￿21. Page 33 Royal So¢hty for the PYev¢ntlon ol ¢n￿lty 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.$61 Al 31 December 2023 1.(MJ9.406 785.672 4.125 22,347 1,821,750 Not book value Al 31 De￿￿1￿1 W23 alPA Page 34 Royal So¢lety Ic*fihe Pmtentfjon of Cruelty t¢* Anlmal8. Ltys Nlnl Branch- Cardlff to Swan$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 2￿23 1,865,157 1,865,167 Addjb'on 58,894 68,694 Valu¥liDn ¢honges 147,874 147,874 Cuh rn0￿￿t 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