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2022-12-31-accounts

ANNUAL REPORT

& FINANCIAL STATEMENTS

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North Clwyd Animal Rescue | Year ended 31 December 2022 1

03 Trustees’ Report 16 Statement of Trustees' Responsibilities 04 Objectives & Activities 17 Independent Auditor’s Report 05 Achievements & Performance 20 Statement of Financial Activities 09 Telling Our Story 21 Balance Sheet 10 Future Plans 22 Statements of Cash Flows 11 Financial Review 23 Notes to the Financial Statements 13 How We Operate

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North Clwyd Animal Rescue | Year ended 31 December 2022 2

Trustees' Report

Trustees’ Report

For the year ending 31[st] December 2022

The Trustees present their report and financial statements for the year ended 31st December 2022 .

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019).

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North Clwyd Animal Rescue | Year ended 31 December 2022 3

Objectives & Activities

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The object for which North Clwyd Animal Rescue (NCAR) was established is for

the promotion of kindness and the prevention of cruelty to animals by the provision of food, shelter and veterinary treatment for all abandoned and sick animals.

Our aim

Our aim is to take in unwanted animals, to care for them to the best of our abilities and to rehome them to responsible members of the public. We do not put any animals to sleep except on the advice of our vet if the animal is suffering or if we consider, after a period of assessment, that the animal is a danger to the public. Due to capacity, we are only able to take an animal in if there is a space available. If there is no available space for an animal, we will try to rehome these animals direct from home to home.

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North Clwyd Animal Rescue | Year ended 31 December 2022 4

Achievements & Performance

Unfortunately, the pandemic affected the charity in so many ways. For the first few months of 2022, our rescue centre, veterinary surgery, charity shops and cafe were once again closed to the public and volunteers. We were still unable to hold fundraising events but as always, our supporters were amazing sending donations to help with running costs.

The effect of COVID also reduced the number of volunteers willing to help. We are still suffering from a lack of volunteers, mainly in our cafe, laundry and cattery areas.

We have seen a marked increase in the number of animals unwanted, abused or abandoned – partly caused by cost-of-living pressures - and as a result needing to be taken in, cared for and rehomed. During lockdown, pet ownership rose by 24 per cent, with the number of dogs in the UK increasing from 9 million to more than 13 million and when people returned to work, they realised that they could no longer look after them and consequently, wanted to rehome them. We have an average of around 400 animals on our waiting list at any one time (that are waiting to be signed over to us) and the number of people applying to adopt has decreased also, due to the cost of owning an animal. This is not a unique issue facing our area – other rescues across the country are experiencing similar problems.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Achievements & Performance

Facts and Figures

In 2022, we took in a total of 889 animals and rehomed a total of 922 animals – the graph on the right shows the breakdown of these figures across the different groups of animals.

We continued to use an appointment system for prospective adopters to visit the rescue which worked very well.

Over the year, we received 165 stray dogs from Flintshire and Denbighshire Councils, 78 of which were claimed.

All strays remain the property of the council for the first seven days, then, if not claimed, ownership is transferred to the charity.

Every dog that comes into the rescue has a behaviour assessment and some do not stay too long before they find their new homes.

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Achievements & Performance

Adam Hobbs

However, some do have problems and our volunteer behaviourist, Adam Hobbs from K999, who is also one of our trustees, puts together training programmes for these dogs and we work with them for as long as necessary to enable them to eventually find the right owner. We provide continued support to new owners and Adam will always try and help with any problems they encounter to prevent the dogs returning into rescue.

Our Vets - Whitefield Veterinary Clinic

Our onsite Veterinary surgery neutered a total of 530 animals during 2022. We practice early neutering of kittens from approximately 9 weeks of age so that we are safe in the knowledge that when they go to their new homes they will not be adding to the growing population of cats. The clinic is solely for the benefit of the animals in our care, those out in foster homes and any adopted animals needing on-going veterinary care. We do also neuter a number of feral cats who are then usually returned to their original surroundings.

A Heartfelt Thank You

Our grateful thanks go to all our staff, volunteers and supporters whose commitment and dedication has seen the charity survive through one of the most difficult periods we have ever experienced.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Achievements & Performance

Little Pydew - Play Paddocks

Our play fields at Little Pydew in Prestatyn which we hire out to members of the public to exercise their dogs are proving very popular and bring in a regular income together with the rent from the bungalow.

Volunteers

We have taken on a Volunteer Supervisor who coordinates our wonderful volunteers and arranges group visits from corporate companies. This not only helps us with the animals but they do painting, cleaning and gardening and this gives them a good insight into the work of our charity.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Telling our story

Our newly designed, more informative website www.ncar.org.uk provides vital information relating to the animals in our care and the procedures we undertake to ensure all the animals who leave our care are properly cared for in their new homes.

Social Media

We also provide details of the Charity to the wider audience by using Social Media Marketing to promote the events we hold plus the animals in our care looking for their forever homes. Social Media Marketing helps raise our profile which in turn helps generate income.

is a full North Clwyd Animal Rescue member of the Association of Dogs and Cats Homes and as such comply fully with their Code of Practice to provide the best possible standards for all the animals in our care. Membership provides us with the opportunity to liase with a network of other animal charities throughout the UK.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Future plans

Hafod

It was our intention to use Hafod Barn in Trefnant for rescuing abandoned and unwanted equines and we had made significant improvements to the indoor arena which was hired out to various groups and individuals to provide an income to support the equines. However, this was not as successful as we had hoped and was running at a loss which, as trustees, we could not allow to continue. Consequently, we made the difficult decision in the summer of 2023 to sell the property. We had taken in 20 horses and ponies but after rehoming the majority of them, the remainder were relocated to our main site at Maes Gwyn in Trelogan. It is hoped that whoever buys the property will continue with the equestrian side.

Kennels

We are looking to completely refurbish or possibly relocate the kennels in our big barn which houses on average 40 dogs.

This is a huge project which we hope will be partly funded by grants, fundraising and some of the money from the sale of Hafod.

The general site infrastructure needs improvement with the largest financial cost being the drainage system on site as it needs to be replaced to prevent water from the fields above Maes Gwyn flowing through the kennels and across the courtyard during spells of heavy rainfall. This project will also improve the courtyard, site drive and pathways.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Financial review

Overview

Total income received in the year was £1,116,866 (2021: £997,965) - £144,771 of which was comprised of donations, £372,331 of legacies received in the year and grants of £35,452.

Charitable activities (which are adoption fees) increased to £76,703. We do charge a minimum fee for our animals to help to cover the veterinary costs relating to that animal.

Other trading activities amounted to a total of £484,558 which was an increase of £155,592 from the previous year. This figure includes income from the seven charity shops, plus the onsite reception shop, the café (Doris’s Bunker), the onsite veterinary clinic, Agria Pet Insurance commission, stray fees for the boarding of stray dogs brought in from Flintshire and Denbighshire Councils and, of course, various Fundraising Events (see Note 5). We were unable to hold our Easter Open Day or our Christmas Open Day, but we held a very successful Dog Show at Hafod Arena and held our monthly Cars and Coffee Evenings during the summer. Investment income totalled £3,051.

The total expenditure for the year was £977,856, £246,607 of which was spent raising funds and £731,249 was spent directly on the care of the animals. Of total expenditure, wages were the biggest but necessary expense to provide the standard of care needed to look after the number of animals in our care. We have an amazing band of regular volunteers who spend that extra time with the dogs, cats and rabbits, some of whom we are hoping to train in kennel duties. Other volunteers help in the laundry, café, shops and enrichment garden and we have volunteer fosterers and home-checkers.

The fund balance as at 31st December 2022 was £2,281,303 and the trustees are satisfied that the charity is in a favourable position for the future.

North Clwyd Animal Rescue | Year ended 31 December 2022

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Financial review

Our Reserves

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six months’ expenditure which would be approximately £450,000. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Our free reserves defined as general unrestricted reserves less the value of tangible fixed assets used operationally by the charity, net of loans secured on them, stood at £1,085,792 for the year ended 31st December 2022 which includes £590,000 of property at Hafod Barn, Trefnant

Land Registry

Anne Owen and Neill Owen, both trustees, hold title with the Land Registry on behalf of North Clwyd Animal Rescue for the Sanctuary Buildings at Maes Gwyn and the two charity shops at 2 Market Street, Abergele and 24 High Street, Denbigh.

North Clwyd Animal Rescue | Year ended 31 December 2022

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How we operate

Structure, governance and management

The charity is governed by a constitution and there are a maximum of 15 Trustees including a Chairman, Treasurer and Secretary. We look to recruit trustees who can play an active role in the charity and they are normally elected at an AGM. If the trustees think it is advisable to elect a new trustee during the year, this is done by vote at a Committee Meeting.

Management Team

The trustees delegate day to day management to the following personnel:-

Owain Horton – General Manager Sanctuary Rachel Parry – Dog Supervisor & Charity Shops Sarah Goodwin – Cat Supervisor Nicky Owen – Fundraising and HR Anne Owen (Trustee) – Voluntary Advisor Peter Moult – Finance and Payroll Adam Hobbs (Trustee) - Dog Behaviour Advisor

The Charity has grown with the addition of Little Pydew and Hafod Barn and therefore, an organisation review will be undertaken to ensure the Charity is in a healthy state to enable a successful management of these sites and deployment of agreed projects to improve the capabilities of the Charity.

Our Vets

We employ two part time Veterinary Surgeons: Alastair Wright BVMS, MRCVS and Laura Hudson BVSc, MRCVS

HR and H&S services

We enlisted the professional services of WorkNest to oversee our Health & Safety Compliance and to give advice on Employment Law.

North Clwyd Animal Rescue | Year ended 31 December 2022

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How we operate

Our Banks

Lloyds Bank plc, PO Box 1000, BX1 1LT Santander Business Banking, Bridle Road, Bootle, L30 4GB Virgin Money, Jubilee House, Gosforth, Newcastle upon Tyne, NE3 4PL

Risk Policy

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

Investment Policy

The assets of the charity have increased and in line with our Investment Policy with the addition of Little Pydew and Hafod Barn an organisation review will be undertaken to ensure the Charity is in a healthy state to enable a successful management of these sites and development of agreed projects to improve the capabilities of the Charity.

North Clwyd Animal Rescue | Year ended 31 December 2022

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How we operate

The trustees who served during the year and up to the date of signature of the financial statements were: -

Mr P Kimpton (chair) Mrs A D Owen (treasurer) Mrs S Holland (secretary) Mr A S Hobbs Mrs B Davis Mr D Roberts Mr J S Gawne Ms K A Johnson (Resigned 18[th] July 2023 due to work commitments) Mr R N Owen Ms S Blythe Mrs Y Davies Mrs C Williams (Resigned 9[th] March 2022) Mrs L Sargent (Appointed 22[nd] November 2022) Mr J Owen (Appointed 24[th] January 2023) Ms N Cooke (Appointed 18[th] July 2023) Ms A Winstanley (Appointed 18[th] July 2023)

The Trustees’ report was approved by the Board of Trustees on 24 October 2023.

..................................................................... ..................................................................... Mr Paul Kimpton (Chair) Mrs Anne Owen (Treasurer) Trustee Trustee Charity number 515195 Principal address Maes Gwyn Auditors DSG Castle Chambers Trelogan 43 Castle Street Holywell Liverpool CH8 9BD L2 9TL

North Clwyd Animal Rescue | Year ended 31 December 2022

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NORTH CLWYD ANIMAL RESCUE

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

NORTH CLWYD ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT

TO THE TRUSTEES OF NORTH CLWYD ANIMAL RESCUE

Opinion

We have audited the financial statements of North Clwyd Animal Rescue (the ‘charity’) for the year ended 31 December 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

NORTH CLWYD ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF NORTH CLWYD ANIMAL RESCUE

Responsibilities of trustees

As explained more fully in the statement of trustees' responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Based on our discussions with the charity’s management and the Trustees, we identified that the following laws and regulations are significant to the entity:

• Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards and Charity Law.

• Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity and therefore may have a material effect on the financial statements include compliance with the charitable objectives, public benefit, fundraising regulations, safeguarding and health and safety legislation.

These matters were discussed amongst the engagement team at the planning stage and the team remained alert to non•compliance throughout the audit.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non• compliance with laws and regulations) comprised of: inquiries of management and the Trustees as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of Trustee meeting minutes; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non•compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Other matters

Comparative information in the financial statements is derived from the charity's prior period financial statements which were not audited.

NORTH CLWYD ANIMAL RESCUE

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE TRUSTEES OF NORTH CLWYD ANIMAL RESCUE

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

DSG 24 October 2023 Chartered Accountants Statutory Auditor Castle Chambers

Castle Chambers 43 Castle Street Liverpool L2 9TL

DSG is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

NORTH CLWYD ANIMAL RESCUE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
funds
Restricted
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
537,205
15,349
Charitable activities
4
76,703
•
Other trading activities
5
484,558
•
Investments
6
3,051
•
Other income
7
•
•
Total income
1,101,517
15,349
Expenditure on:
Raising funds
8
246,607
•
Charitable activities
9
707,440
23,809
Total expenditure
954,047
23,809
Net income/(expenditure)
147,470
(8,460)
Transfers between
funds
•
•
Net movement in
funds
147,470
(8,460)
Reconciliation of funds:
Fund balances at 1 January
2022
2,013,045
129,248
Fund balances at 31
December 2022
2,160,515
120,788		 Total
Unrestricted
funds
Restricted
funds
2022
2021
2021
£
£
£
552,554
483,559
123,923
76,703
60,655
•
484,558
328,966
•
3,051
358
•
•
504
•
1,116,866
874,042
123,923
246,607
203,992
•
731,249
542,181
91,704
977,856
746,173
91,704
139,010
127,869
32,219
•
8,000
(8,000)
139,010
135,869
24,219
2,142,293
1,877,176
105,029
2,281,303
2,013,045
129,248		 Total
2021
£
607,482
60,655
328,966
358
504
997,965
203,992
633,885
837,877
160,088
•
160,088
1,982,205
2,142,293

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

NORTH CLWYD ANIMAL RESCUE

BALANCE SHEET

AS AT 31 DECEMBER 2022

2022 2022 2021 2021
Notes £ £ £ £
Fixed assets
Tangible assets 14 1,250,953 1,278,125
Investments 15 596,577 610,315
1,847,530 1,888,440
Current assets
Stocks 16 19,730 15,925
Debtors 17 128,645 205,433
Cash at bank and in hand 553,478 361,107
701,853 582,465
Creditors: amounts falling due within 19
one year 118,485 152,361
Net current assets 583,368 430,104
Total assets less current liabilities 2,430,898 2,318,544
Creditors: amounts falling due after
more than one year 20 (149,595) (176,251)
Net assets 2,281,303 2,142,293
The funds of the charity
Restricted income funds 21 120,788 129,248
Unrestricted funds 2,160,515 2,013,045
2,281,303 2,142,293

The financial statements were approved by the trustees on 24 October 2023

Mrs A D Owen (treasurer) Trustee

NORTH CLWYD ANIMAL RESCUE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022

2022 2021
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 27 276,734 193,914
Investing activities
Purchase of tangible fixed assets (57,850) (223,814)
Proceeds from disposal of tangible fixed
assets • 5,166
Proceeds from disposal of subsidiaries 13,738 50,000
Investment income received 3,051 358
Net cash used in investing activities (41,061) (168,290)
Financing activities
Repayment of borrowings (20,000) (10,000)
Proceeds from new bank loans • 100,000
Repayment of bank loans (23,302) (6,855)
Net cash (used in)/generated from
financing activities (43,302) 83,145
Net increase in cash and cash equivalents 192,371 108,769
Cash and cash equivalents at beginning of year 361,107 252,338
Cash and cash equivalents at end of year 553,478 361,107

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

North Clwyd Animal Rescue is a charity registered with the Charity Commission for England and Wales and the governing constitution was adopted on 9 May 1984. The principal address is Maes Gwyn Sanctuary, Glan yr Afon Road, Trelogan, Nr Holywell, CH8 9BD.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's constitution, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

The financial statements do not incorporate the results, assets and liabilities of the charity’s wholly owned subsidiaries, Worsteds Stud Farm Limited and Jaysea Enterprises (Investments) Limited. Consolidated accounts have not been prepared as these would not be materially different from the single entity financial statements as presented.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes.

Income from café and shop sales and fundraising income is recognised as earned (that is, as the related goods or services are provided).

No amounts are included in these financial statements for goods donated to charity shops or services donated by volunteers

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 2% per annum on cost
Leasehold land and buildings 2% per annum on cost
Property improvements 10% per annum on cost
Plant and equipment 20% per annum on cost
Fixtures and fittings 20% per annum on cost
Computers and IT equipment 33% per annum on cost
Motor vehicles 25% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

The assets’ residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate or if there is an indication of a significant change since the last reporting date.

The trustees consider that the estimated residual value of freehold property is such that any accumulated depreciation charge would be immaterial. Consequently no depreciation has been provided in the year.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.7 Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Other fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short•term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non•current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3
Donations and legacies
Unrestricted
funds
Restricted
funds
2022
2022
£
£
Donations and gifts
139,422
5,349
Legacies receivable
372,331
•
Grants
25,452
10,000
537,205
15,349
Grants receivable for
core activities
HMRC CJRS grant
•
•
Covid grants
•
•
Renewable energy grant
•
•
Kickstart grant
1,882
•
Emergency business
Fund
20,000
•
Charities Trust •
Hydrotherapy Pool
•
10,000
Support Adoption for Pets
2,070
•
ADCH
1,500
•
Other
•
•
25,452
10,000		 Total
Unrestricted
funds
Restricted
funds
Total
2022
2021
2021
2021
£
£
£
£
144,771
153,572
•
153,572
372,331
195,794
•
195,794
35,452
134,193
123,923
258,116
552,554
483,559
123,923
607,482
•
•
56,190
56,190
•
72,000
•
72,000
•
•
67,733
67,733
1,882
61,893
•
61,893
20,000
•
•
•
10,000
•
•
•
2,070
•
•
•
1,500
•
•
•
•
300
•
300
35,452
134,193
123,923
258,116

4 Charitable activities

Animal adoption fees

Unrestricted Unrestricted
funds funds
2022 2021
£ £
76,703 60,655

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

5 Other trading activities

6
7
8		 Unrestricted
funds
2022
£
Unrestricted
funds
2021
£
Cafe income
60,917
34,241
Veterinary income
12,707
14,097
Fundraising events
38,169
33,542
Charity shop
262,257
190,960
Pet insurance commission
21,708
26,500
Stray fees
15,825
8,003
Other income
72,975
21,623
Other trading activities
484,558
328,966
Investments
Unrestricted
funds
2022
£
Unrestricted
funds
2021
£
Income from listed investments
2,869
293
Interest receivable
182
65
3,051
358
Other income
Total
2022
Unrestricted
funds
2021
£
£
Net gain on disposal of tangible fixed assets
•
504
Raising funds
Unrestricted
funds
2022
£
Unrestricted
funds
2021
£
Fundraising and publicity
Other fundraising costs
2,969
3,694

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

8 Raising funds
Trading costs
Operating costs • cafe and charity shops
Staff costs
Support costs
Trading costs		 (Continued)
105,515
77,241
132,393
116,466
5,730
6,591
243,638
200,298
246,607
203,992

9 Charitable activities

Staff costs
Depreciation and impairment
Insurance
Light and heat
Telephone
Veterinary supplies
Veterinary fees
Repairs and maintenance
Rent and rates
Motor expenses
Clothing and equipment
Cleaning and bedding
Waste disposal
Sanctuary food
Lab testing
Sundry expenses
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds
Restricted funds		 2022
£
2021
£
434,340
357,774
85,022
87,615
24,140
22,051
18,468
16,213
3,399
3,623
55,944
48,063
13,790
2,158
23,564
18,714
7,982
17,978
6,533
6,618
1,022
594
5,151
3,794
8,330
6,858
2,604
2,809
4,407
4,064
4,413
4,283
699,109
603,209
20,681
17,592
11,459
13,084
731,249
633,885
707,440
542,181
23,809
91,704
731,249
633,885

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

10
Support costs
Support Governance
costs
costs
£
£
Printing, postage and
stationery
2,466
•
Computer and IT
4,129
•
Subscriptions and
employment services
4,452
•
Online fees
4,883
•
Photocopier
478
•
Health and safety
4,273
•
Legal and professional
•
452
Accountancy fees
•
6,268
Bank charges
•
2,498
Bank loan interest
•
7,971
20,681
17,189
Analysed between
Trading
•
5,730
Charitable activities
20,681
11,459
20,681
17,189		 2022
Support
Governance
costs
costs
£
£
£
2,466
2,906
•
4,129
2,981
•
4,452
4,521
•
4,883
3,499
•
478
1,372
•
4,273
2,313
•
452
•
1,982
6,268
•
11,470
2,498
•
2,184
7,971
•
4,039
37,870
17,592
19,675
5,730
•
6,591
32,140
17,592
13,084
37,870
17,592
19,675		 2021
£
2,906
2,981
4,521
3,499
1,372
2,313
1,982
11,470
2,184
4,039
37,267
6,591
30,676
37,267

Governance costs includes payments to the Auditor of £7,250 (2021: Independent Examiner £3,000).

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but two of them were reimbursed a total of £120 expenses incurred in the period (2021: £Nil)

12 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Charity shops 13 13
Charitable activities 21 19
Total 34 32

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

12
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
Aggregate compensation
13
Taxation		 (Continued)
2022
£
2021
£
535,766
448,537
23,734
20,434
7,233
5,269
566,733
474,240
2022
2021
£
£
93,019
79,391

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14 Tangible fixed assets

Freehold land
and buildings
£
Cost
At 1 January 2022
747,000
Additions
•
At 31 December 2022
747,000
Depreciation and impairment
At 1 January 2022
•
Depreciation charged in the year
•
At 31 December 2022
•
Carrying amount
At 31 December 2022
747,000
At 31 December 2021
747,000		 Leasehold
Property
land and
buildings
improvements
£
£
67,673
641,507
•
45,621
67,673
687,128
•
224,664
•
68,713
•
293,377
67,673
393,751
67,673
416,843		 Plant and
Fixtures and
equipment
fittings
£
£
59,953
57,770
10,176
2,053
70,129
59,823
54,511
53,030
1,968
2,866
56,479
55,896
13,650
3,927
5,442
4,740		 Computers
and IT
equipment
£
12,029
•
12,029
11,573
234
11,807
222
456		 Motor
vehicles
£
58,513
•
58,513
22,542
11,241
33,783
24,730
35,971		 Total
£
1,644,445
57,850
1,702,295
366,320
85,022
451,342
1,250,953
1,278,125

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

14 Tangible fixed assets

(Continued)

Lloyds bank plc holds a legal charge over freehold land at Maes Gwyn, Holywell and the leasehold land and buildings at Market Street, Abergele

15 Fixed asset investments

Listed Other Total
investments investments
£ £
Cost or valuation
At 1 January 2022 363 609,952 610,315
Disposals • (13,738) (13,738)
At 31 December 2022 363 596,214 596,577
Carrying amount
At 31 December 2022 363 596,214 596,577
At 31 December 2021 363 609,952 610,315
2022 2021
Other investments comprise: Notes £ £
Investments in subsidiaries 26 596,214 609,952
16 Stocks
2022 2021
£ £
Finished goods and goods for resale 19,730 15,925
17 Debtors
2022 2021
Amounts falling due within one year: £ £
Trade debtors 8,344 2,890
Other debtors 17,211 20,812
Prepayments and accrued income 103,090 181,731
128,645 205,433

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

18 Loans and overdrafts

Bank loans
Other loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2022
£
176,230
•
176,230
26,635
149,595
54,414		 2021
£
199,532
20,000
219,532
43,281
176,251
55,751

Included in bank loans is £83,333 (2021: £100,000) in respect of a Coronavirus Business Interruption Loan which is secured by a legal charge over the charity land at Maes Gwyn, Holywell and the charity shop in Abergele.

This bank loan is repayable by equal monthly instalments of £1,667. Interest is charged at Base Rate plus 2.29% per annum.

Also included in bank loans is £92,897 (2021: £99,532) which relates to the purchase of the Denbigh charity shop in 2012 which is secured by a legal charge over the charity land at Maes Gwyn Farm, Flintshire and the charity shop in Abergele. Interest is charged at Base Rate plus 2.80% per annum.This loan was repaid in full in 2023.

The other loan was from Jean Sainsbury Animal Welfare Trust. This loan was unsecured and interest free and has been repaid in the year.

19 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Notes
Bank loans
18
Other borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2022
£
26,635
•
8,045
58,697
10,310
14,798
118,485		 2021
£
23,281
20,000
6,677
71,327
9,415
21,661
152,361

20 Creditors: amounts falling due after more than one year

2022 2021
Notes £ £
Bank loans 18 149,595 176,251

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

21 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January
Incoming
Incoming		 Resources Resources Transfers Transfers At 31
2022
resources		 expended December
2022
£ £ £ £ £
Vet's development fund 12,984 • (5,000) • 7,984
Doris's bunker cafe 21,168 • (4,233) • 16,935
Puppy parlour 5,821 • (1,199) • 4,622
Drainage fund 3,150 • (450) • 2,700
Paddock refurbishment 30,042 • (2,486) • 27,556
Barn roof 14,045 5,344 • • 19,389
Renewable Energy Grants 42,038 • (10,441) • 31,597
Hydrotherapy Pool • 10,005 • • 10,005
129,248 15,349 (23,809) • 120,788
Previous year: At 1 January
Incoming		 Resources Transfers At 31
2021
resources		 expended December
2021
£ £ £ £ £
Vet's development fund 21,709 • (8,725) • 12,984
Doris's bunker cafe 25,401 • (4,233) • 21,168
Puppy parlour 6,985 • (1,164) • 5,821
Drainage fund 3,600 • (450) • 3,150
Paddock refurbishment 32,528 • (2,486) • 30,042
Barn roof 14,045 • • • 14,045
Cafe extension 761 • (761) • •
HMRC CJRS • 56,190 (56,190) • •
Renewable Energy Grants • 67,733 (17,695) (8,000) 42,038
105,029 123,923 (91,704) (8,000) 129,248

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

21 Restricted funds

(Continued)

– Vets development fund this fund was used to construct and partially equip a new vet surgery building on NCAR’s main site at Trelogan, the purpose of which was to enable certain types of operation to be performed on•site rather than transport animals to other vet practices off•site. Now completed, the fund will be reduced by an amount equal to the depreciation charge each year.

Doris Bunker café fund – the fund was used to construct and furnish a new café building at the main NCAR site in Trelogan. The café is normally open 7 days a week and provides a wide variety of refreshments and food to staff and volunteers and in so doing represents an additional source of income to the rescue. The café also acts as a comfortable and pleasant venue for staff meetings and volunteer induction sessions. The café was named in memory of the lady whos legacy enabled the café to be built.

– Puppy parlour fund this fund was used to modernize part of an existing building used specifically to accommodate puppies and their mothers.

Drainage Fund • funding for the paddocks and the run behind the new stray block.

Paddock refurbishment fund – this fund is to upgrade and fully modernise the secure exercise paddock used by our resident dogs with staff or volunteer handlers, dividing it into two separate areas and including the addition of agility and climbing apparatus to further stimulate and challenge the dogs as well as to assess and/ or advise on dog behaviour (wih existing owners if applicable). Some fundraising events can also be held within the paddock.

Barn Roof: Income raised through fundraising towards replacing the roof in the Barn

Cafe Extension • funds raised towards an extension for the cafe.

Renewable Energy Grants • Funding received from Denbighshire County Council towards energy efficient lighting and heating and an electrical vehicle.

Hydrotherapy Pool • Funding for Hydrotherapy facilities at Little Pydew.

22 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2022 2022 2022
£ £ £
Fund balances at 31 December 2022 are represented by:
Tangible assets 1,140,170 110,783 1,250,953
Investments 596,577 • 596,577
Current assets/(liabilities) 573,363 10,005 583,368
Long term liabilities (149,595) • (149,595)
2,160,515 120,788 2,281,303

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

22 Analysis of net assets between funds (Continued)
Unrestricted Restricted
Total
funds funds
2021 2021
2021
£ £
£
Fund balances at 31 December 2021 are represented by:
Tangible assets 1,148,877 129,248
1,278,125
Investments 610,315 •
610,315
Current assets/(liabilities) 430,104 •
430,104
Long term liabilities (176,251) •
(176,251)
2,013,045 129,248
2,142,293

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

23 Designated funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Movement in funds
Movement in funds
Hafod development fund
Balance at
Incoming
Resources
Balance at
Incoming
Resources
1 January 2021
resources
expended1 January 2022
resources
expended
£
£
£
£
£
£
165,630
•
(130,620)
35,010
•
(35,010)
165,630
•
(130,620)
35,010
•
(35,010)		 Transfers
Balance at
31 December
2022
£
£
•
•
•
•

The Wells•Kendrew legacy included a property with a large indoor arena, stabling and 35 acres of land which the trustees propose to use for rescued horses, ponies and donkeys. In 2020, the balance of the legacy income from this estate of £203,217 (excluding the property) was designated to develop the indoor arena and site at Hafod Barn.

NORTH CLWYD ANIMAL RESCUE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

24 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non•cancellable operating leases, which fall due as follows:

2022
2021
£
£
Within one year 37,295 38,111
Between two and five years 29,461 35,720
66,756
73,831

25 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Sale of goods
2022
£
Entities with control, joint control or significant
influence over the company
854
854		 Purchase of goods
2021
2022
£
£
602
•
602
•
2021
£
120
120

The transactions above are with Maes Gwyn Boarding kennels, an entity related through Anne and Neill Owen, trustees of the charity. Services received above relate to amounts payable for the provision of a water supply, staff and other charges. Services provided to Maes Gwyn Boarding Kennels include the supply of animal food, advertising and vet services.

Anne and Neill Owen are trustees of the charity and their daughter is employed by the charity.

There were no other related party transactions in the year.

26 Subsidiaries

Details of the charity's subsidiaries at 31 December 2022 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Worsted Stud Farm Limited England and
Wales		 Dormant Ordinary 100.00

Jaysea Enterprises (Investments) Limited was dissolved on 18 October 2022.

NORTH CLWYD ANIMAL RESCUE

Draft Financial Statements at 25 October 2023 at 13:11:56

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

27 Cash generated from operations 2022 2021
£ £
Surplus for the year 139,010 160,088
Adjustments for:
Investment income recognised in statement of financial activities (3,051) (358)
Gain on disposal of tangible fixed assets • (504)
Depreciation and impairment of tangible fixed assets 85,022 87,615
Movements in working capital:
(Increase)/decrease in stocks (3,805) 764
Decrease/(increase) in debtors 76,788 (73,391)
(Decrease)/increase in creditors (17,230) 19,700
Cash generated from operations 276,734 193,914
28 Analysis of changes in net funds
At 1 January Cash flows At 31 December
2022 2022
£ £ £
Cash at bank and in hand 361,107 192,371 553,478
Loans falling due within one year (43,281) 16,646 (26,635)
Loans falling due after more than one year
(176,251)		 26,656 (149,595)
141,575 235,673 377,248

NORTH CLWYD ANIMAL RESCUE

Draft Financial Statements at 25 October 2023 at 13:11:56

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022