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2023-12-31-accounts

RSPCA Wyth Sir Branch

Charity No. 225476

Trustees' Report and Unaudited Accounts

31 December 2023

RSPCA Wyth Sir Branch Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 to 16
Detailed Statement of Financial Activities 17 to 18

Page 1

RSPCA Wyth Sir Branch Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 225476

Principal Office

RSPCA UsksideBusiness Park Usk Way Newport NP20 2TX

Trustees

The following trustees served during the year:

T. Barnes (Resigned 13 February 2023) P.D. Baxter B.M. Francis C.A. Gunter G.A. Hawkesley C. Lawson (Resigned 11 September 2023) D.R. Liles H.S. West (Resigned 5 February 2024) Key Management Personnel Chair Mr D Liles Treasurer Mr P Baxter Secretay Ms D Wilkes Accountants

Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX

Bankers

Co-op Bank 27-29 Commercial Street Newport NP20 1HJ

OBJECTIVES AND ACTIVITIES

The RSPCA Wyth Sir Branch(formerly RSPCA Gwent branch) supports the work and objectives of the National Society and aims to promote animal welfare, kindness and to prevent or suppress cruelty to animals by all lawful means.

Page 2

RSPCA Wyth Sir Branch Trustees Annual Report

The main activity we undertake is fundraising so we can pay towards veterinary treatment, rehoming an animal, foster care, micro-chipping and neutering. We do this by using the voucher scheme. Some of the work we do helps to control the dog/cat population though neutering and benefits the public by giving them financial help, which in turn promotes reasonbale pet ownership.

We support the society's inspectorate and the difficult work they do. They dispense vouchers if an animal is in need and they also provide education, information and advice. The work they do is key to the prevention of cruelty which is part of the objectives of the RSPCA and of course Wyth Sir Branch, which is a moral benefit to the public.

ACHIEVEMENTS AND PERFORMANCE

The trustees continue to look at ways of developing the branch, which enables it, not only to support animals in need, but also support the public. We provide local pet owners, living in our branch area on low incomes and qualifying benefits, with financial support, through our welfare assistance scheme by subsidising the cost of veterinary treatment for sick animals. The scheme is managed by our branch administrator and is assisted by office volunteers.

At the beginning of the year, the trustees agreed for the branch to set up a cat rehoming service. Both our animal welfare officers have worked extremely hard planning and delivering the service. The animal welfare officers receive referrals not only from the society but also from members of the public. The branch follows a robust process ensuring the wellbeing of the cat is always met, which includes home checks before any decision is made on adoption. The branch rents four pods in a cattery in the branch area to ensure the cats have a safe place to stay during the rehoming process, which includes health check ups and vaccines at the RSPCA clinic in Merthyr. The service became operational in April of this year and by the end of December fifty four cats had found new homes.

Our animal welfare officers also work in the community offering support to members of the public, completing welfare checks and delivering pet food to individuals and community food banks.

The Chepstow and Cwmbran shops continue to perform well, and both have a large number of regular customers who return time and time again. The staff work tirelessly ensuring the shops are well presented, offering a wide range of items for sale. the shops would not be able to trade if it wasn't for the teams of volunteers who work in both shops, some have been with the branch for many years. The income from the shops provide much needed finances for the branch to continue providing animal welfare. Our volunteer van drivers can be seen driving around collecting donations for our shops, they also deliver pet food to food banks and local community groups throughout the area.

The committee thanks all the staff and volunteers working in the office, our shops and in the community, for all the work they have done over the last year. Thanks to them, many animals have received care and support, when they needed it most. The branch is always is always looking for volunteers to arrange and attend fundraising events throughout our branch area, work in the office, in our shops or helping in the community, driving our vans and working with our animal welfare officers.

FINANCIAL REVIEW

Total gross income for the year was £313,049 split £299,606 unrestricted and £13,443 restricted. The previous year the total gross income was £428,384 split £371,633 unrestricted and £56,751 restricted.

Page 3

RSPCA Wyth Sir Branch Trustees Annual Report

Total expenditure in the year was £393,322, split £336,083 unrestricted and £57,239 restricted. This resulted in a deficit for the year of £94,948 split £51,152 unrestricted and £43,796 restricted.

During the year, the branch received £64,663 (2022 £41,792) from the national Door to Door campaign run by RSPCA HQ.

Income from the shops at Chepstow and Cwmbran was £173,842 (2022 £132,254 Cwmbran opened December 2021)

The branches reserves policy is unchanged from last year and is set at the amount of £100,000 this is equivalent to 18 months running costs, this is reviewed every six months.

PLANS FOR FUTURE PERIODS

In the next year we plan to build on our rehoming scheme through Pantymilah Boarding to help more animals in our care. The public are still struggling financially and the demand on the request for food continues, so we will continue to work with local food banks and support other animal welfare organisations by sharing the kind donations of food we receive. We will continue to increase our volunteer numbers not only in our shops but to cover administrative duties, van driving and fundraising. Our fundraising will be increased with a focus on income generation to make sure we have the income to meet our expenditure. We will also be looking at increasing the number of shops so long as suitable units at an appropriate price are available. We continue to support where needed on a case by case basis the Newport Animal Centre and Cat Rehoming Centre based at Pets at Home in Newport, both are managed and operated by the RSPCA National Society. In 2024 we are looking to work in partnership with other neighbouring branches to ensure we have the maximum efficiency in animal welfare. It is our intention to continue to provide a voucher scheme to provide assistance to members of the public on low income and those animals with no known owner, along with those animals where a request for our assistance is received from our inspectorate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The RSPCA Gwent branch is an unincorporated charitable association and is a separately registered branch of the Royal Society for the Prevention of Cruelty to Animals, carrying out its direct animal welfare work in the area of the old county of Gwent

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

D.R. Liles Trustee 25 June 2024

Page 4

RSPCA Wyth Sir Branch Independent Examiners Report

Independent Examiner's Report to the trustees of RSPCA Wyth Sir Branch

I report to the trustees on my examination of the financial statements of RSPCA Wyth Sir Branch for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FCA/ ICAEW.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mary Anderson FCA/ ICAEW Andersons Accountancy Services Ltd 10 The Cedars Llanfoist Abergavenny Monmouthshire NP7 9LX 25 June 2024

Page 5

RSPCA Wyth Sir Branch Statement of Financial Activities

for the year ended 31 December 2023

Notes
Income and endowments
from:
Donations and legacies
3
Other trading activities
4
Investments
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net (expenditure)/income
10
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
2023 2023 2023 2022
£ £ £ £
96,748 - 96,748 295,831
176,542 - 176,542 132,254
3,168 - 3,168 299
23,148 13,443 36,591 -
299,606 13,443 313,049 428,384
166,593 - 166,593 133,379
158,844 57,239 216,083 123,400
10,646 - 10,646 10,209
336,083 57,239 393,322 266,988
- - - -
(36,477) (43,796) (80,273) 161,396
- - - -
(36,477) (43,796) (80,273) 161,396
(36,477) (43,796) (80,273) 161,396
256,592 43,796 300,388 138,992
220,115 0 220,115 300,388

Page 6

RSPCA Wyth Sir Branch Balance Sheet

at 31 December 2023

Charity No. 225476
Fixed assets
Intangible assets
13
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors:Amount falling due within one year
16
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
17
Restricted income funds
Unrestricted funds
17
General funds
Reserves
17
Total funds		 2023
£
10,502
17,560
28,062
19,538
227,580
247,118
(55,065)
192,053
220,115
220,115
220,115
0
0
220,115
220,115
220,115		 2022
£
14,660
22,251
36,911
1,744
295,797
297,541
(34,064)
263,477
300,388
300,388
300,388
43,796
43,796
256,592
256,592
300,388

Approved by the trustees on 25 June 2024

And signed on their behalf by:

D.R. Liles Trustee 25 June 2024

Page 7

RSPCA Wyth Sir Branch Notes to the Accounts

for the year ended 31 December 2023

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 8

RSPCA Wyth Sir Branch Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Motor vehicles 25% reducing balance
Fixtures, fittings and
equipment		 15% reducing balance

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses. Leasehold improvements 5% straight line

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 9

RSPCA Wyth Sir Branch Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 10

RSPCA Wyth Sir Branch Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Other trading activities
Investments
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations
Door to Door
Legacies
4
Income from other trading activities
Shop income		 Unrestricted
funds
2022
£
239,080
132,254
299
371,633
133,379
110,445
10,209
254,033
117,600
117,600
117,600
138,992
256,592
Unrestricted
£
14,162
64,663
17,923
96,748
Unrestricted
£
176,542
176,542		 Restricted
funds
2022
£
56,751
-
-
56,751
-
12,955
-
12,955
43,796
43,796
43,796
-
43,796
Total
2023
£
14,162
64,663
17,923
96,748
Total
2023
£
176,542
176,542		 Total funds
2022
£
295,831
132,254
299
428,384
133,379
123,400
10,209
266,988
161,396
161,396
161,396
138,992
300,388
Total
2022
£
181,212
41,792
72,827
295,831
Total
2022
£
132,254
132,254

Page 11

RSPCA Wyth Sir Branch Notes to the Accounts

5 Income from investments

Interest receivable
6
Other income
Grants
Rehoming
Care Contribution Fund
Animal Welfare line handling
7
Expenditure on raising funds
Fundraising trading costs
Direct costs
Staff costs
Property costs
Admin costs
8
Expenditure on charitable activities
Expenditure on charitable
activities
Direct costs
Staff costs
Property costs
Admin costs
Governance costs
Independent examination fee
Legal and professional		 Unrestricted
£
0
3,700
16,328
3,120		 Unrestricted
£
3,168
3,168
Restricted
£
13,443
-
-
-
13,443		 Total
2023
£
3,168
3,168
Total
2023
£
13,443
3,700
16,328
3,120
36,591		 Total
2022
£
299
299
Total
2022
£
-
-
-
-
23,148 -
Unrestricted
£
83,079
49,963
5,040
17,912
1,830
1,020		 Unrestricted
£
3,802
81,723
75,278
5,790
166,593
Restricted
£
17,565
30,612
5,040
4,022
-
-
57,239		 Total
2023
£
3,802
81,723
75,278
5,790
166,593
Total
2023
£
100,644
80,575
10,080
21,934
1,830
1,020
216,083		 Total
2022
£
1,267
59,900
64,977
7,235
133,379
Total
2022
£
54,438
36,670
10,920
18,516
1,620
1,236
158,844 123,400

Page 12

RSPCA Wyth Sir Branch Notes to the Accounts

9 Other expenditure

9 Other expenditure
Unrestricted Total Total
2023 2022
£ £ £
Amortisation, depreciation,
impairment, profit/loss on 8,849 8,849 10,209
disposal of fixed assets
General administrative costs 1,797 1,797 -
10,646 10,646 10,209
10 Net (expenditure)/income before transfers
2023 2022
This is stated after charging: £ £
Depreciation of owned fixed assets 4,691 6,051
Amortisation of intangible fixed assets 4,158 4,158
11 Trustee remuneration and expenses
2023 2022
Number Number
Number of trustees paid expenses 1 -
The nature of the reimbursed expenses Software Licence
12 Staff costs
2023 2022
Salaries and wages 162,298 96,570
Pension costs 10,263 5,786
172,561 102,356
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2023 2022
Number Number
Shop 2 3
Welfare Officer 2 1
Branch Manager 1 1
Admin 1 1
6 6
The charity's pension scheme is NOW pensions.

Page 13

RSPCA Wyth Sir Branch Notes to the Accounts

13 Intangible fixed assets

Cost
At 1 January 2023
At 31 December 2023
Amortisation and
impairment
At 1 January 2023
Amortisation charge for the
year
At 31 December 2023
Net book values
At 31 December 2023
At 31 December 2022
Leasehold improvements made to shop in Cwmbran		 Other
£
20,790
20,790
6,130
4,158
10,288
10,502
14,660		 Total
£
20,790
20,790
6,130
4,158
10,288
10,502
14,660
14 Tangible fixed assets
Cost or revaluation
At 1 January 2023
At 31 December 2023
Depreciation and
impairment
At 1 January 2023
Depreciation charge for the
year
At 31 December 2023
Net book values
At 31 December 2023
At 31 December 2022
15 Debtors
Trade debtors
Prepayments and accrued income		 Fixtures,
fittings and
equipment
£
18,534
18,534
9,824
1,306
11,130
7,404
8,710		 Total
£
50,631
Motor
vehicles
£
32,097
32,097
18,556
3,385
21,941
10,156
13,541
2023
£
17,835
1,703
19,538
50,631
28,380
4,691
33,071
17,560
22,251
2022
£
-
1,744
1,744

Page 14

RSPCA Wyth Sir Branch Notes to the Accounts

16 Creditors:

16 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals
17 Movement in funds
Restricted funds:
Restricted income funds:
Donation
Legacies M Knight and Mr
Bevan
Moondance Foundation
RSPCA and Local Giving
Total
Unrestricted funds:
General funds
Total funds		 2023
£
40,571
5,728
2,772		 2022
£
24,430
5,624
1,070
5,994 2,940
At 1 January
2023
2,040
41,756
-
-		 55,065
Incoming
resources
(including
other
gains/losses)
£
-
-
12,500
943
13,443
299,606
313,049		 Resources
expended
£
(2,040)
(41,756)
(12,500)
(943)
(57,239)
(336,083)
(393,322)		 34,064
At 31
December
2023
£
-
0
-
0
43,796 0
220,115
256,592
300,388 220,115

Purposes and restrictions in relation to the funds:

Restricted funds:
Donation Use in Merthyr Clinic
Legacies M Knight and Mr Use in Glamorgan (North and East) area.
Bevan
Moondance Foundation Cat rehoming costs
RSPCA and Local Giving Supply pet food to those in need via foodbanks

18 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets		 Unrestricted
funds
£
28,062
192,053
220,115		 Total
£
28,062
192,053
220,115

Page 15

RSPCA Wyth Sir Branch Notes to the Accounts

19 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2023
£		 Cash flows
£		 At 31
December
2023
£
295,797 (68,217) 227,580
295,797
295,797		 (68,217)
(68,217)		 227,580
227,580

20 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

Operating leases with expiry date:
Within one year
In the second to fifth years inclusive		 2023
Land and
buildings
£
28,880
27,600		 2023
Other
£
-
-
-		 2022
Land and
buildings
£
10,080
31,800
41,880		 2022
Other
£
-
-
56,480 -

Pension commitments

The charity must comply with its autoenrolment duties in respect of employees pension contributions.

The pension cost charge to the charity
amounted to:
Unpaid contributions due to the fund are
included in other creditors and amounted to:		 2023
£
10,263
2,972		 2022
£
5,498
1,070

Page 16

RSPCA Wyth Sir Branch Detailed Statement of Financial Activities

for the year ended 31 December 2023

Income and endowments from:
Donations and legacies
Donations
Door to Door
Legacies
Other trading activities
Shop income
Investments
Interest receivable
Other
Grants
Rehoming
Care Contribution Fund
Animal Welfare line handling
Total income and endowments
Expenditure on:
Costs of other trading activities
Direct costs
Staff costs
Property costs
Admin costs
Total of expenditure on raising
funds
Charitable activities
Direct costs
Staff costs
Property costs
Admin costs
Governance costs
Independent examination fee
Legal and professional		 Unrestricte
d funds
2023
£
14,162
64,663
17,923
96,748
176,542
176,542
3,168
3,168
0
3,700
16,328
3,120
23,148
299,606
3,802
81,723
75,278
5,790
166,593
166,593
83,079
49,963
5,040
17,912
155,994
1,830
1,020
2,850		 Restricted
funds
2023
£
-
-
-
-
-
-
-
-
13,443
-
-
-
13,443
13,443
-
-
-
-
-
-
17,565
30,612
5,040
4,022
57,239
-
-
-		 Total funds
2023
£
14,162
64,663
17,923
96,748
176,542
176,542
3,168
3,168
13,443
3,700
16,328
3,120
36,591
313,049
3,802
81,723
75,278
5,790
166,593
166,593
100,644
80,575
10,080
21,934
213,233
1,830
1,020
2,850		 Total funds
2022
£
181,212
41,792
72,827
295,831
132,254
132,254
299
299
-
-
-
-
-
428,384
1,267
59,900
64,977
7,235
133,379
133,379
54,438
36,670
10,920
18,516
120,544
1,620
1,236
2,856

Page 17

RSPCA Wyth Sir Branch Detailed Statement of Financial Activities

Total of expenditure on charitable
activities
General administrative costs,
including depreciation and
amortisation
Amortisation
Depreciation of Motor vehicles
Depreciation of Fixtures, fittings
and equipment
General insurances
Software, IT support and related
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 158,844
4,158
3,385
1,306
1,686
111
10,646
10,646
336,083
-
(36,477)
(36,477)
-
(36,477)
256,592
220,115		 57,239
-
-
-
-
-
-
-
57,239
-
(43,796)
(43,796)
-
(43,796)
43,796
0		 216,083
4,158
3,385
1,306
1,686
111
10,646
10,646
393,322
-
(80,273)
(80,273)
-
(80,273)
300,388
220,115		 123,400
4,158
4,514
1,537
-
-
10,209
10,209
266,988
-
161,396
161,396
-
161,396
138,992
300,388

Page 18