REGISTERED CHARITY NUMBER: 1083468 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 FOR SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Parkers Chartered Accountants and Ststutory Auditors 178-180 Church Road Hove, East Sussex BN3 2DJ
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Pagè Report of the Trustees 1 10 10 Report of th• Independent Auditors 11 10 14 Statement of Flnan¢lal A¢tlvltle5 15 Balance Shoet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notés to th¢ Financlal Statom8nts 19 to 25 Detailed Statament of Financial Activitias 26 10 27
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees present iheir r8POrt with Ihe financial statements of the charity for the year ended 31st December 2023. The twslees have adopted the provisions of Accounting and Repon9 by Charities.. Slalemenl of Recommended Practice applicable lo charitiès preparing their accounts in accordance with the Financlal Reporting Standard appll¢able in the UK and Republic of Irèland IFRS 1021 leffeclive 1 January 20191. Foreword Frorn Margaret Eamas - Chair of Trustees Flrstly, I want to place on record a huge thank you to our 5UPPOrteT5. volunteers and staff who have helped the charity conlinue lo make such a positwe and significant impact on worf(ing donkeys and horses in Israel. the ocpied Palestinian Territories and the El Saf bri¢k kilns of Egypt. As we mentioned in last yeads report, the charity has continued lo build a reserve fund lo help us provide for both the animals in our Ca and those that rely on the mobile clinics in the Occupied Palestinian Territories and Egypt should economic conditions deleriorale. That decision has proved to be extremely prudenl due ID the events that unfolded in Israel in October 2023 and the effects to the Middle East since. Thankfully, we are in a much better position now to safeguard the animals in our care and those that we reach out lo in the rLJmmunity. We have also been busy building funds for some of the projects we want lo get off the ground in 2023 and beyond for example, building a new rescue centre for the animals we carg for in the Wesl Bank, upgrading the sanctuary in Israel and selling up and dgveloping our new prq'ecl in Egypt. As any other charity, the board review risks at each Trustee meeting and in 2023 we were able to addre55 a number of outstanding issues. We are now on a much more secure financial footing and the charity cLJnlinues to comply with all the financial regulations surrounding ils day lo day running. Finally, in 2023 we were able to welcome a new Trustee onto the board who has many years ol experign¢g in fundraising for animal welfare organisations. We are ahNays looking for new Trustees, espeaalty those that can fill the gaps in experience needed lo operate the charity to best effect. Our work would not be possible without the wisdom and expertise of our Trustees and l am hugely grateful their time and commitment. Simllafly, the efforts of our stsff in the UK, Israel. the OccLJpied Palestinian Territories and now Egypt are tru an inspiration. Seeing the circumstances in which they cary out Ihoii work is humbling and l am proud to be associated wth each and every one of them. Once again, thank you to all our supporters who make this all possible. 2024 will be an exciting time for the charty as we move fotward wlh some of the much-ne@d8d proje¢ts which help us Teach more donkeys and horses in need of our care. Page 1
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31ST DECEMBER 2023 OBJECTIVES AND ACTIVITIES Update Frorn Andy Foxcroft- Chlef Executive I started 2023 with a visit lo Egypt in January lo discuss the potential of a new prDject focussed on the brick kilns near to El Saf city. about 80km south of Cairo. I met Eslam Yassin and Mohamm8d Gad, the founder and the CEO of The Bridge Foundation IEI Gasrl based in Aswan, and Dr Shaaban Fayez, an equine vet based in Cairo. We travelled lo one of the kn'lns in the Gisa desert where we met farrigrs Moharram and Hamed who had previously worked ck)sely with Dr Shaaban. The objective of the trip was to learn more about the worknng donkeys and mules in the brick kilns and detemiine if there was a role for Safe Haven. was immediately clear there was a role for us as the condition ol the animals was appalling. Many were underweight, had horrendou5 harness wounds and most had lamenass from overgrDwn hoovgs and strains from pulling heavy carts. There are aroLJnd 140 individually owned kilns in the dgsert with 10 to 15 donkeys or mules in 8ach which are used to pull loads of sun-dried bricks to the ovens for firing. Eath kiln manufactures b9fvtsen 80,000 and 120,000 bricks EACH DAYI Because of the location of tho kilns, local vets and farriers are unwilling to travel through the bumpy desert roads and, if they dKI, the cost of treatment would not be affordable for the owners. a result, the condilion of the animals had deleriorated severely since Dr Shaaban and the team had worked there previously in 2017 which is why they needed the support of Safe Haven lo start the project up again. Followng a IgiY procèss of obtaining permission from the Egyptian govommènt to work in the kilns, the project started in March 2023 and the impact was immediate. I made several trips during the course of the year lo monitor progress and one of those was with actor and Safe Haven patron, Peler Egan and film maker, Andrew Telling. Together, they made a superb documentary about our work in the kilns called 'Broken' whith went on to win Geographical Magazine's 'Betler Wodd Video, award. At the end of September, I Iravelsed to Israel for my second visit of the year and visited the West Bank in the company of one of our Trustees, Ray Ings, who was keen to see our work there fir51 hand. We visited the sile ol a new sanctuary which is located just ouiside of Jenin, a busy and vibrant town. The new sanctuary, which is in an agricultural area of Jenin called Arranah, was completed at the end of 2023 and the donkeys that were carèd for in our Nablus clinic, have now moved there. The new sanctuary provides mLJ¢h more Spa for the 40 donkèys and the sight ot them running in thèir n8w. laige paddock was ju51 fantastic. As with the Israel sanctuary, most of the donkeys we care for were working animals and the transformation in demeanDur. behaviour and health is a loy to see. Th9 3 mobilè clinics in the West Bank continue to offer veterinary services to a large number of people and their animals a¢ross the county. In my visits ovèr the last 5 years, I have certainly seen a change in husbandry skills which means healthier donkeyslhorses, lèss hamess wounds and less lameness. The work though needs to continue in order to reach more owners and firmly bed in the husbandry Irdining. Our continuing study into our work in the West Bank will help us better understand people's needs and how we can improve the dglniery of our training. For 2024, we are Ianning lo n0vate our sanctuary in Israel where we care for 180 donkeys. As some of you will remember, we had considered momng to a different sile although quickly discovered that the buTeaucracy of that process would take too long and cost too much money. So. we are going to focus on our current srf(e by rèplacing all the fences, extending the main paddock. creating a new isolation area and even installing r5ew tDilets and a shower for stsff. We are planning to fund a se¢ond team in Egypt as the demand for services means that our current tearn are not able to attend all the requests they re¢eive for help. With the second learn in place, we can hopefully reach all 140 kilns located in the El Saf region. Finally. OUT efforts over the last yeats to establish a team in Gaza are beginning lo lake shape despit& the war which has seen an increasad reliance on working donkeys and horses. At thg end of 2023, and through the efforts of our Egypt team. we bought 2 tons of horse, dog and cat food together wth veterinary rnedi¢ations. These were transported to the border with Gaza waiting for an opportunity to get them into the county which is desperately short of animal f¢xKI and meds. What a year ivs beenl This important work. which positively impacts on both the animals and their owners, is only possible because of our generous supporters who, like us. want lo see better Weffa condits'ons for all the Working donkeys and horses. So, thank you, we couldn't do this life ¢hanging work without you. Page 2
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRVSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 OBJECTIVES AND ACTIVITIES Objectives and aims To improve th8 welfare of donkeys and other equids in the Slate of Israel and the Palestinian National Authority or their successors In name and sovereignty and in any addits.onal countries where the DirectOTS fee the need is sufficient lo warrant either running the charity's own projects or partnering wjth local NGOS. The Wislon of Safe Haven for Donkeys: A world where all working donkeys. hDrses and other equids are healthy, without injury and well cared for. Our Mission is: To use our resources. expwtise and experience to ensure all animals we come into contscl w((h are provided with suitable care and treatment so they can live and WOTk without pain and discomfort We will also pass our knowledge on to owners and communities lo bring about long-temi and sustainable improvements to animal weffare. What are Sale Haven's valu&s? -we are compassionate- wherever we see animals suffering or in need of our help, wa will act. -we are professional- our staff are experts in their field and everything we do is led by veterinary science. -we act as partners - our job is not to lecture owners, but to work together and empower them to better care fortheir animals. -we are grateful- Every single penny donated to our charty is precious and we use our resources wisely. Page 3
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31ST DECEMBER 2023 ACHIEVEMENT AND PERFORMANCE Charltablè actlvltles The Trustees of Safe Haven for Donkeys in the Holy Land approved the transfer of funds to Israel, the Palestinian Territories and Egypt to support the increasing work undertaken by the nol-for-profit organisalion the "Holy Land Donkeys Trust., the Palestinian Territorigs 'Oonkeys Trust Co. and the 'Atan Project" in Egypt. By the end of December 2023, the Holyland Donkeys Trust was ¢aring for on average 180 donkeys al the sanctuary at Moshav Gan Yoshiyya, Iated between the Israel towns of N8tsnya and Hadera and only a few miles from the Palestinian border. Ther8 were also around 35 animals being cared for al the Donkeys Trust Co's rescue centre in the Palestinian village of Arrana which was opened in November 2023 to house the animals previously cared for at the charivs dinic in the cty of Nablu5. All donkeys at the sanctuary and rgscue Cent receive regular veterinary care, vaccinations, visits from the farrier and undergo regular dental check-ups. Donkeys are only ever eulhanised if, in the opinion of our veterinary surgeon and ratified by the Dire¢tors of the Holyland Donkèys Trust in Israel and Donkgys Trust Co in the Palestinian Territories. their quality of lrfe is sufficiently low to warrant this. Our clinic in the Palestinian aty of Nablus ntinueS lo be extremely busy. particulafly on Thursdays when the nearfoy donkey matkel is in operation. The teams also hold regular veterinary outreach clinics in varK)US bcations in the Palestinian Territories using three mobile clinic vehicles which between them cover the whole country. In addition to free veterinary treatment, working Èquines a offered vaccinations, shoèing and dentsl work. The charty's team also repair harnesses and head (x)Ilars, or provide new ones at a nominal charge. as ill-fith'ng equipment is so often the cause of wounds. EducalK)n an important part of our work and the Nablus Clinic has hosted veterinary students from the nearby university as well as visits by children from local s¢hods and refugee camps. Our Palestinian tsam are reaching around 1,000 donkeys a month and staff and Trustees are confident that the overall welfare of working equids in the region has improved as a dirert result of Safe Haven's intervention. This is supported by evidence that clearfy shows a reduced number of treatments required on retum visits lo each area. In 2023, we sèt up a new Project in partnershlp with a local NGO to kning vetertnary services to equids working in the ck kilns in the El Saf region of Egypt. This is run under name'the Atsn Projecv. In the UK, costs have been kept as low as posslble. wf(h the only employees being a full time Operations Director who handles the day to day running of the charity in the UK including fundraising, PR and administration, a Social Media OffIr whD looks after the charity's social media interactions and 8 part lime Adrninistraln Assistant who deals wth banking donations and thank you letters. We also have a part lime CEO who focuses on organisalional development and delivering the strategy. The percentage of funds spent on direct care of working animals in in the rx>unlries in which we operate is increasing year on year. During 2023, we have continued lo reduce costs at the sanctuary without compromising our animal welfare stsndards. We have hIeVed this through negotiations with current suppliers to find more cost-effe¢ts've ways of providing their goods or retendering seNi¢es lo ensure we are gotting best value for money. Rehoming donkeys to carefully selected homes in the Palesliniari Territories is also a way to reduce costs whilst providing the animals with greater environmgntal enrid)menL Relationship5 With other charities The charity is a member ol the National Equine welfa Counal INEWCI, the Working Animal Alliance IWAAI. The FedeTation of Horses in Eduration and Therapy International IHETII and the National Council for Voluniary Organisations INVCOI. The UK Operations Direettsr is a member of the Donkey Breed Society, the Chartered Institute of Fundraising and the Institute of Lèga¢y Management. Page 4
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 FINANCIAL REVIEW Flnan¢lal position As al 31 December 2023, the charity had available unrestricted reserves of £2,082,438.02 plus £7,800 restricted towards the building of a quaranlino area at the sanctuary in Israel. A large proportion of these unrestricted reserves were allocated towards the new projgcts the charity plans to implgmerbt during 2024. The Directors are aware that these funds alone are not enough lo cover the charivs planned expenditure for 2024 and 50 a robust fundraising strategy has been pul into place lo ensure that future income continues tr) increase. This includes continuing to engage the services of a dedicated freelan fundraising consultant to increase in¢ome and the number of donors on the charity's database and the serwces of a PR ¢onsultant to help raise awareness of the charity's work. Yoar 2023 rgvlow Following a clean audit of Ihg last seven years. annual accounts thanks to the implementation of more stringent financial prOsseS in Israel and the Palestinian Tèrritories, the Directors of the Holyland Donkeys Trust and the Directors of Safe Haven for Oonkeys in the Holy Land have continued to ensure that these procedures remain rigorous and a strictly enforced. In July 2016. a 'not for Profit company for the public benefit" was sel up in Israel, kno as the Holyland Donkeys Trust. This type of company, whKh has similar tax status lo a charty, is strictly controlled by th& Israeli aulhorib'os. Although the Holyland Donkeys Trust is based in Israel, with Israeli and UK directors, the UK diredors apwintèd by Safe Haven for Donkeys in the Holy Land have the controlling votes regarding the overall Policies and running of the Israeli company. A company has a150 been sel up in the Palestinian Territories lo allow for direct payment of wages to staff and funds lo suppliers, this is known as Ihe"Donkeys TNst Co In Egypt, funds are sent to our project partnèrs. the local NGO "A Jisr. who operatg the work under tho tffje 'The Atan Project.. All three organisations supply audited accounts lo Safe Haven for Donkeys in the Holy Land so that we can ensure our grants are being used for the purpose for which they were given. We have continued to make progress towards imp4emenb.ng our &year strategic plan and achieved the following to date.. -Sel up new mobile clinics in the Palestinian Teiritories lo enable us to reach more wod(ing donkeys and horses in need of veterinary care -Developed a research project in the Palestinian Territories lo examine how our work improves animal welfare standards which will be delivered in the next 6 months -Conlinu8d lo deliver training on the ground lo owners and professionals to create more awareness of the negds of workiTig donkeys and horses -Launched a Hebrew website to help us raise awareness of our work and generate funds loGally ontinued to rehome donkeys in the Palesth'nian Territories where we are completely satisfied that it is in the best interests ol the animals -set up a new project in the El Saf brick kilns of Egypt Year 2024 onwards The Dire¢tors of the UK charity have continued to monitor every aspect of the Holy Land Donkey Trust's work in Israel, the Donkeys Trust Co's work in the Palestinian Territories and Ihe Alan Project's work in Egypt during the past year. The stratsgS¢ plan continues lo be implemented. Donke and Horse Welf re Page 5
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 We know that there is so much more to do in the Palestinian Territories, Egypt and beyond to supp¢)rt working donkeys and horses and the ¢ommunilies that they serve. Changing mindsets around animal husbandry is one of the biggest challenges our teams. fa although there is a very clear indication that the current m(xYel ol delivering services is maknng 8 positive and lasting impact lo animal welfare. Therefore, during 2024 we will wnlinue to expand our actIve5 in areas where working animals need our halp. We wll ensur8 our tgarns are givèn the necessary training and equipment to ¢arry out their tasks. the Sanctua We had been offered new land to rent in the same village as the existing sanctuary. The new sile was larger than the curr8nl farm and would have allowed Spa for the donkeys to live more nalural lives. H()wever, due lo lh& owner being unable to obtain th& necessary permissions from the Israeli Ministry of Agriculture, it was decided lo slay al the existing location and upgrade the facilities during 2024. As the herd ages, numbers are stsrbng to fall and therefore, the need for extra space is not so pressing. It has also been suggested that some donkeys could be moved to the West Bank (see btrlowl. New Arrana facili At the end of 2023, the donkeys which were housed al our cllnic In Nablus Imost of which were unwanted or abandoned by their previous owntsrsl were Iransfgrred to a new faality in the Palgslinlan village of Arrana. The possibility of moving some donkeys from the sanctuary in Israel across the >rder lo Arrana will be explored in 2024 and beyond. as will the possibility of buying18nd in the Palestinian Territories. Research A two-part research project got underway in 2022 starting with some work around the people and communities who use our services in the Wèst Bank. Through this wo hop8 lo better unéerstand why working equids are so important lo the local economy. what the main barriers are to providing care and ¢wcially, how Safe Haven can help to provide more information lo improve welfare. The next phase wll kjok more closely al the Impact ol our mobile clinics on the long-term welfare of animals. All of this will inform our future strategy and ensure we focus our resources to Mm effect. This project should be completed in 2024. Voluntgers Safe Haven ¢ontinue5 to benefit from a specialist UK-based donkey vet who volunl8ers her services. We aim lo take advantage of this with ongoing regular visits ID the sanctuary lo support our local veterinary team in ensuriThJ that the resident animals a receiving the best possible Care. Effectiveness of fundraislng activities The whole of the ¢hariVs income is derived from fundrdising adivities. The main focus is fundraising from individuals. the community and grant-making trusts. The UK Operations Director has responsibility for fundraising from granl-making trusts, encouraging supports to consider leaving legacies, liaising with major donors. attending events, PR (giving talks lo local groups elcl, Drganising events, liaising with major donors, fundraising on social media and producing the ¢harity'5 newsletter. The Social Media Officer has day to day responsibility for so¢i81 media. Totsl income for 2023 averaged just over £181.000 per month, the bulk of which was from legacies, donations received followng the distribution of quarterty newsletters arKI donatK)ns as a result of Facebook activities. Thera were also donations from granl-making Irusls, proceeds from events and donalv)ns and general marketing aclivilies. One large legacy of £400.000 is induded in these figures and11 is unlikely that income wll reach the sarne level in 2024. Reserves policy The Directors operats a reserves policy whh they consiijer appropriate to ensure, barring UnfoSeen circumstances, the continued abilty of the charity to meet its objactives. The charity aims ID maintsin. as far as il is possible, a minimum of free reserves equivalent to at least six mnlhs expenditure coverage, up lo a planned maximum of twelve months. This reserves levels lakes into accounl the charity's long-lemi responsibility toward the rescued animals in the case of its sister organisalions in Israd and the PaJe51inian Territories. Page 6
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 FUTURE PLANS After a very busy period, In whith the amount of wk being carried out in towns Bnd villages 8¢ross Israel and the Palestinian Territori&s increased, Priorities for the year ahead are.. Holyland Donkeys Trust: -To contain upgrades at the sanctuary lo ensure it continues to be a safe and secure home for the donkeys in our care -To increase fundraising efforts in Israel in order to move HLDT toward8 long teTm self4ufficiency Donkeys Trust Co: -To continue our work in the towns and villages, -To carry out research lo help us understand the impact of our work and how we can bring aboLJt long-lerm improvement lo animal welfarfj through education Safe Hav¢n for Donkeys in the Hoty Land: .To increase fundraising and PR in the UK to better support the Israel, Palestsnian Te¢tOrieS Egypt organisats'ons, work with equids in desperate need through workn'ng wth in-hous8 stsff and fundraising and PR consultants as appropriate -To work to the charity's new Strategy Document, produced at the beginnirKJ of 2023 and which is available on the charty's website -To invest part of the funds currently in thè ¢harity's bank account to gnsurè thgse can bring in addS1ional income for th8 charity Egypt: -To develop the ¢harity's work in the brick kilns of the El Saf region by setbng up a second mobile clinic team -To research and develop ways of replacing donkays in the brick kilns with machinery -To work wlh other NGOS, govemmenl representatives etc lo develop ways in which to raise stsndards of the wèlfare of equids in Egypt -To set up a mobile clinic in the Gaza strip in order to bring first aid to the equlds which are more vital than ever to their owners since the outbreak of war in the region -Through our team in Egypt, to facilitate shipments of food and medication for animals in the Gaza strip STRUCTURE, GOVERNANCE AND P4lANAGEMENT Govemlng documènt Safe Haven for Donkeys in the Holy Land is an unlncorporaled trust. constiluted under a Trust Deed dated 15th March 2000 as amended by Trustees ResolulicK) dated 30th May 2000 and six Supplemental Deeds dated 24th February 2001, 81h October 2005, 22nd February 2008, 20th May 2(116, 26th June 2018 and 28th March 2022. The charity's sole COTporate Iruslee is Safe Haven for Donkeys in the Holy Land Trustee Limited. In Israel. a not-for-profit o)mpany, the Holyland Donkoys Trus[ was set up in July 2016 into which all the non-UK assets have en Ir8nsferred. Although this company is still controlled by the UK charity, it (omplies wrfch all necessary Israeli laws. In addition to the greater control this provides over acb'vilies in Israel, it has also unlocked Ihe necessary tax wjvantsges and the abilty lo fundraise in Israel. There is also a limitèd company known as the Donkeys Trust Co in the Occupied Palestinian Territories. Due to strict financial controls being in place both organisations have had successful independent audits that meet legal requirements for the period January lo Dember 2023. R¢¢rultm•nt and appolntm•nt of now trustees Thg limrted company 'Safe Haven for Donkeys in the Holy Land Trustee Limited. bacame sole coryx)rate trustee of the charity in September 2016. The charity is therefore governed by the volunteer Directors of the limited company, and new members are elected by existing Directors. Directors receive induction training on being elected to the Board and continued training on an ongoing basis through the charity's Director meetings. Page 7
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organlsatlonal structure In the UK. the charity is run by the Directors of Safe Haven for Donkeys in the Hdy Land Trustee Limited. The chartys aims are fulfilled by making grants lo the Israeli not for profit company the Holyland Donkeys Trust IHLDTI and to the Donkeys Trust Co in the Occupied Palestinian Territories. The Directors ol Safe Haven for Donkeys in the Hoty Land Trustee Limited are also Directors ol HLDT. HLDT has three additional Directors Wendy Ahl Ilhe charitys UK Operations Direclorl, Mr Mohamad Mussa and Dr Abed Zidan. Additionally, in April 2017, 8 third limited company Donkeys Trust Co was set up to allow for direct payment of salaries to Occupied Palestinian Territories siaff. Its directors are Mr Haylam Massad and Mr Omary Bader, accountsnt and lawyer to the Holyland Donkeys Trust. The Board of Dire¢tors of Safe Haven for Donkeys in the Holy Land Trustee Limited are supported by the following members of UK staff.. o CEO (part timel In the UK, the charity is run by the Directors of Safe Haven for Donkgys in the Holy Land Trustee Limited. The charity's aims are fulfilled by making grants to the Israeli not for profit company thg Holyland Donkeys Trust IHLDTI and to the Donkeys Trust Co in Ihe Palestinian Territories. The Directors of Sale Haven for Donkeys in the Holy Land TrLtstee Limited are also Directors of HLDT. HLDT has three additional Directors Wendy Ahl Ilhe ¢hariVs UK Operations Direclorl. Mr Mohamad Muss8 and Dr Abed Zidan. Additionally, in April 2017, 8 third limited company Holyland Donkeys Trusl (West Bank) was set up to allow for direct payment of salaries lo West B8nk staff. Its Directors are Mr Hayt8m Massad and Mr Omary Bader, accountant and lawyer to the Holand Donkeys Tfust. The Board of Directors of Safe Haven for Donkgys in the Holy Land Trustee Limiied are supported by the following members of UK staff.. o CEO (part timel o UK Operations Director (full limel o Social Media Officer Iftjll timel o Adminislralion Assistant (part limel In Israel, the Directors of the Holyland Donkeys Trust are supported by the following staff: o Israd Operations Director (full Iirnel 0 4 Sancluaryloulreach workeTS Ifull lime} In the Palestinian Territories, the Directors ofthe Oonkeys Trust Co are supported by the followng staff.. o Clinic Manager (Nablus and mobile clinic north of the Palesb"nian Territories) o Clinic Manager (mobile ¢linic south of the Palestinian Territories) o Clini¢ Manager (mobile clinic ¢entre of the Palestinian Territories} o Farrier x 4 (Nablus and Hebronl In Egypt. the Alan Project is run by the fdlowing emptoyees of the Egyptian NGO A Jisr. o Veterinary surgeon (full timel o Two Farrier5 Ifull limel In 2021, Mr Andrew Foxcroft resigned as a Trustee and took up the part time interim role of CEO for a period of two years from April 2021 with the pemiission of Ihe Charity Commission. The Board made Mr Fox¢r0S position pemianent in June 2023. The Directors hold regular meetings lo agree the broad strategy and area5 of activity for the charity in Israel and the UK. There is an Israeli Management Team in place that is in regular contact with the Directors of both Safe Haven for Donkeys in the Holy Land Tnjstee Limited and the Holyland Oonkeys Trust on all opèr81ional and financial matters. The are a number of volunteers who give their time eithor at the sanctuary or in Israel or to help with fundraising in the UK and the Directors remain extremety grateful to all ol these. The Mid Sussex Volunteer Fundraising Group was set up at the beginning of 2005 and Director George Russell and his wrfe h8ve regularly been running events in the Berkshiremiltshire arga sin¢8 2005. It is hoped to continue to expand the number Of volunteers both in Israel and the UK in the years ahead. Page 8
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER2023 STRUCTURE. GOVERNANCE AND MANAGEMENT At the end of 2023, Safe Haven for Donkeys in the Holy Land had seven patrons.. the Rt. Hon the Earf of Stockton, the Rl. Hon Ann Widde¢ombe DSG, Anthony Head, Peter Egan, Kay Burfey, Jan Le$ming and Desmond Lynam OBE. Addilionalty, il has a Royal patron. Her Royal Highness Princess Aexandra, The Hon Lady Ogilvy, KG. GCVO. The charity has registered wlh the Fundraising Regulator in order lo demonstrate its wmmitmenl lo best pra¢lice of standards in fijndraising. Additionally, the UK Operations Director is a diploma4evel member of the Institute of Fundraising. Risk management Major risks to which the chaiity have been exposed are regularly rewewed by the Board and systems established to mitigate those risks. The charity has a risk management policy and a risk register which is reviewed al each meeting of the Diractors ol Safe Haven for Donkeys in the Hoty Land Trustee Limited. REFERENCE AND ADMINISTRATIVE DETAILS RegS$tered Charty numbèr 1083468 Principal addro$$ Unit 23 More House Fami Business Cent Dilchling Road Wivelsfield Haywards Heath Wesl Sussex RH17 7RE Trustaès M Eames lappoinled March 2024- Chairl C Cawthorne {appoinled October 20231 R Ings (appointed 23 Seplernber 20221 L Rimington lappoinled July 20151 G Russell lappointed March 20151 N Duffy (appointed October 2017- resigned August 20231 A Ralnayake {appointed January 2022 . passed away September 20241 In September 2016, the Charity Commission gavg pem)ission for the newly reglstered limited company Safe Haven for Donkeys In the Holy Land Trustee Limitèd1101914251 lo become the sole Corporata Tnjstge of the L*arity. The former Trustees of the charity are now Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited although they continue to be known as Trustees to our donors for continuity purtx)ses to avoid confijsion. Auditors Parkers Chartered Accountsnts and Stslutory Auditors 178-180 Church Road Hove, East Sussex BN3 2DJ Bank•rs HSBC plc 125 Churth Road Hove East Sussex 8N3 2Am Page 9
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023 TRUSTEES, RESPONSIBILITY STATEMENT Th8 Iruslees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdorl) Generally AGcepled Accounting Pra¢ii¢e} including Financial Reporting Stsndard 102 "The Financial Reporting Stsndard applicable in the UK and Republic of Ireland.. The law applicable lo charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the Iruslees lo prepare financial statements for eaGh financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resour5 and 8pplication of resourGes, induding the income and expenditure, of the charity for that period. In preparing Ihtsse fir5ancial ststements. the trustees are required to $8lecl suitable accounting policies and then apply them consistently., ob$8rve the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slalements., prèpare the financial statements on the going concern basis unless It is inappropriate lo presume that the charity will continue in business. The truslees are responsible for keeping proper aecounling records which disclose with reasonable ac¢ura at any time the finanual position of the charity and lo enable them to ensure that the financial statements comply with the Charib'es Act 2017, the Charity IAccounts and Reports) Regulab'ons 2008 and the provi5ion5 of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevantion and detection of fraud and other irregularities. Approved by order of the board of Iruslees on ......... and signed on ils behaw by.. G Russell - Trustee Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Opinlon We have audited the financial ststemenls of Safè Haven for Donkeys in the Holy Land (the '¢haritYl for the year ended 3151 December 2023 which comprise the Statement of Financial Activ.2S, the Balance Sheet. the Cash Flow Statement and notes to the financial statements, incjuding a summary of significant accounting policies. The financial Teporting framework Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aecepled Accounting Pra¢b'¢el, induding Financial Reporting Standard 102 'The Finanaal Reporting Standard applicable in iho UK and Republic of Ireland,. In our opinion the financAal statements- gwe a true ¥nd fair view of the slate of the charitys affairs as al 31 sl December 2023 and of its incoming resources and application of resources, for the year then ended., havè been properfy prepared in ac¢ordanee wlh United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 The Financial Reporting Standard appl¢cable in the UK and Republic of Ireland,: and have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon We conducted our audit in accordance wlh Inlemalional Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financral statements section of our report. We are independent of the d)arty in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, includbng the FRC'S Ethi¢al Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden¢e we have obtained is sufficient and appropriate lo tyovide a basis for our opinion. Conclusions rèlating to going concorn In auditing the finan¢ial stslements. we have concluded that the trustees. use of the going concem basis of accounting in the preparation of the finanaal statements is appropriate. Based on the work we have perfomed, we havo not K1enlified any material Lbncertainties relating lo @vents or conditions that, individually (x collectively, may cast signifant doubl on the charity's ability lo ¢onlinue as a going concern for a period of al least twelve months from when the financial slalements are authorised ft)r issue. Our responsibili118s and the responsibilities of thg trustees wlth respect to goin9 concem arg desuib8d in the relevant sections of this report. Other Infomiatlon The Irusle&s are responsible for the ott)er infomation. The other information cornprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors ihereon. Our opinion on the finanaal statements does not cover the other infom*ion and, except to the extent otheN4ise expliciuy statgd in our report, we do not express any fomi of assurance conclusion Ihereon. In connection with our audit of the financial ststemgnts. our responsibilty 15 to read the other information and, in doing so. consider whether the other information is materially in¢tsnsislent with the finanaal slatemenis or our knowledge obtained in the audit or otherwise appears to be materially mi$5tated. If we idenlfy such material inconsislencAes or apparent material misstatements, we are required to detem)ine whether th15 gives rise lo a material misstalemenl in the financial slalements themselves. If, based on the work we have perfomed, we conclude that Ihere is a material misstalemenl of this other information, we are required to port that fact. We have nothing to report in this regard. Matters on whl¢h we are required to report by ex¢èptlon We have nothing lo report in resped of the followng matters where the Charilles (Accounts and Reports) Regulation5 2008 requires us to report lo you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material rgspect with the financial stslements., or sufficient accounllno records have not been kept,. OT Ihe financial statements are not in agreement with the acc(xJnting records and returns,. or we have not received all the information and explanations we require for our audf(. Pagg11
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Our responsibilities for the audlt of the financial statements We have been appoinlgd as auditors under Secb'on 144 of the Charities Act 2011 and port in accordance with the Act and relevant gUlationS made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial staternenls as a whole are free from material misstatement, whether due to fraud or error, and to issue a Repc>rt of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in a¢cordance with ISAS IUKI will always detect a malerlal misstatement when il exists. Misstatements can arise from fraud or error and are considered material if. individually or in the a99gate, they could reasonably be expected to Influen the economic decisions of users taken on the basis of these financial statements. The extgnl lo which our proceduros are capable of detecting irregularities, including fraud is detailed below.. Irregularthes, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstalernents in respect of irregularities, induding fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. -we focused on spe¢ifi¢ laws and regulations which we considered may have a direct material effect on the financial statements or Ihe opera(K)ns of the Charity. including the Companies Act 2006.- -we obtained an understanding of the legal and regulatory framewDrk appIlble lo the entty and how the entity is complying with that framework by making appropriate enquiries of management as well as Considering the intemal controls in place to mitigate risks of fraud and non-complian with laws and regulations., -we made enquiries of those charged with govemance and management concerning -The risks of fraud.. -Inslances of non-compliance with laws and re9ulalions or knoedge of actual, suspected, or alleged fraud is documented during the period., -we allocated an engagement team that we consided collectively had th8 appropriate competence and capabilities lo idgntify or recognlse non•compliance with laws and regulations Audit re$ponse to tha rlsk ¢f irregularities includlng fraud Based on the results of our risk assessment, our procedtjres included, bul were not limited to.. -Perforning analytical procedures lo Identify any unusual or unexpected relationships -Evalualing whether jLJdgemenls assumptions made in detemining the accounting estimates set out in note 1 were indicative of potentl81 bsas -Assessing whether judgements and assumpts'ons made in detemiining the accounting estimalas set out in note 1 were indicative of Potential bias. -Agreeing financial stslements disclosures lo underfying SUPPCXting documentation -Reading the Tllinutes of meetings of those charged with governance -Reviewng the correspondence wth relevant regulatory bodigs -Testing ofjoumal entries to address the risk of fraud through managerrent override -lncorporats.on an elemont of unprediclabilty in the selection of the nalure, timing, and extent of our audit procedures. -corroborating the business rationale for transactions outside the normal course of business A further d8scriplion of our responsibilities for the audit of the finanoal stslemen15 is located on the Finan¢ial Reporting Council's w8bsit8 al ww.frc.org.ukjauditrxsrespwsibililies. This description foms part of our Report of the Independent Auditors. Page13
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Use of our report This report is made solely to the charrtrfs ITUStees, as a body, in accordance with Part 4 of the Charf(ies {Accounls and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required lo slate lo them in an 8udilors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charty atKI the charrtls trustees as a body, for our audit work, fcf this report. or for the (pinnS we have fomied. Parkers Chartered Accountants and Stslulory ALtdrtors 178-180 Church Road Hove, East Sussex 8N3 2DJ Date.. Page 14
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND STATEMENT OF FINANCIAL ACTIWTIES FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 Total funds 2022 Total funds Unrestricted fund Reslrict8d funds Notes INCOME AND ENDOWMENTS FROM Donats'ons and legacies 2.014.479 2.014,479 1,552,665 Other trading a¢livilies Investment income 6,124 22,820 6,124 22,820 5,018 Total 2,043.423 2,043.423 1,557,683 EXPENDITURE ON Raising funds 439,794 439,794 379,542 Charitable a¢tivities Donkey sanctuary 813,507 5.715 819,222 724,397 Total 1,253,301 5.715 1,259,016 1,103,939 NET INCOMEI{EXPENDITURE 790,122 15.7151 784A07 453,744 RECONCILIATION OF FUNDS Total funds brought forward 1,288,845 13.515 1.302,360 848.616 TOTAL FUNDS CARRIED FORWARD 2,078,967 7.800 2,086,767 1.302,360 Th8 notes fonr part of these financial statements Page 15
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND BALANCE SHEET 31ST DECEMBER 2023 2023 2022 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Debtors Cash al bank antl in hand 12 13 920 16,615 2,090,651 2,074 24.490 1,288.835 2,108,186 1.315.399 CREDITORS Amounts falling due within one year 14 (21,4191 {13.8881 NET CURRENT ASSETS 2.086,767 1,301,511 TOTAL ASSETS LESS CURRENT LIABILITIES 2,086.767 1.302,360 NET ASSETS 2,086.767 1,302,360 FUNDS Unrestricted funds Restricted funds 16 2.078,967 7.800 1,288,845 13,515 TOTAL FUNDS 2,086.767 1,302,360 The financial Staternts were approved by the Board of Trustees and aulhorised for issu& on . and were signed on its beh8K by.. G Russell- Tnjslee Thg no19s fomi part of these flnanclal statements Page 16
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Notes Cash flows from opgratlng activities Cash generated from operations 778,996 432,104 Net cash provided by operating adivitbs 778,996 432,104 Cash flows from invasting a¢tivitie$ Inte$1 ceiVed 22,820 Net cash provided by investing adivities 22,820 Change in cash and cash èqulvalents in the reporting period Cash and cash equlvalents at the beglnnlng of the reporting perlod 801,816 432.104 1,288.835 856,731 Cash and ¢ash equivalents at th• •nd of the reporting perlod 2,090,651 1,288,835 The notes form part ofthese financial statemènts Page 17
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net income for the rèporting period la5 par Statsment of Flnancial Activities) Adjustments for: Depreciation ¢harges Interesl reiVed DecTeasel{increasel in SkS De¢yeasel{incre¥sel in debtors Increaselldecreasel in creditors 784,407 453.744 22,8201 1,154 7,875 7.531 18141 117,6901 13,9851 Net cash provlded by operations 778,996 432,104 ANALYSIS OF CHANGES IN NET FUNDS At 111123 Cash flow At 31112123 Net ¢a$h Cash at bank and in hand 1,288,835 801.816 2,090,651 1,288,835 801,816 2,090.651 Total 1,288.835 801,816 2,090,651 The notes fomi part of these financial statements Page 18
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES Basis of preparlng the financial statements The financial statements of the charity, whh is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounb'ng and Reporting by Charilie5'. statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tiv8 1 January 20191., Financial Reporting Siandard 102 'The Finanaal Reporting Stsndard appli¢8b5e in the UK and Republic of Ireland. and the Chanlies Act 2011. The financial slaleThents have been ppared under the historical cost ¢onvention. Income All income is recognised in the Ststement of Financial Activities once the charity has enlidemenl to the funds, it is probable that the income will be reiVed and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as Ihere is a legal or constru¢bvtr obligation commrtting the charity lo that expend((ure, il 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 a¢¢ounled for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attriblrted to particular headings thèy have baen allocated to activities on a basis consistent with the use of resources. Grants offered subjgct lo conditions which have not been met at the year end date are noted as commitment bul not accrued as expendilura. Tangibl8 fixed assets Depreaalion is provided al the following annual rates in order lo write off each asset over its eslimaled Fixtures, fith'ngs and equipment Motor vehicles Computer equipment 2V/o on rèdu¢lng balance 2V/o on reducing balan¢0 33*A straight lino Stocks Stocks arg valued al the lower of cost and net realtsable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempl from tax on its charitable activitEs. Fund a¢¢ounting Unrestricted funds can be used in accordance with ihe charftable 0eCtiveS at the disuelion of the Iruslees. Restricted fijnds can only be used for pathcular restricted purposes within the objects of the charity. Restrictions arise when specjfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature aThJ purpos8 of èach fund is includ6d in tho notes to the financial statements. Foreign currencles Assets and liabilities In foreKJn currenaes arg translated into sterllng at the rates of exchange Nllng al the balance sheet date. Transactions in foreign currencies are translated into sterling al the rate of exchange ruling at the date of transath"on. Exchange dIfferenS are taken into account in arriving al the operating result. Page 19 conb'nued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31ST DECEMBER 2023 ACCOUNTING POLICIES - continued Pension costs and other postwretlrement b8n•flts The charity operates a defined contribution pension scheme. Contributions payable lo the charitys pension scheme are charged to the Stslemenl of Financial Activitles in the period to which they relats. Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entillement to the resources. Tax re¢lalm$ on donations and gifts Incoming reSoUrS from tax reclaims are included in the SOFA at the same time as the grft lo which they relate. Contractual inwme and performance related grants are only induded in the SOFA once the related goods and satvices have been delivered. Gifts in kind Gifts in kind are accounted from at a reasonable estimate of their value lo the charity or the amount actually realised. Volunto•r hèlp The value of any voluntary help received is not induded in the accounts bul is described in the Trustees Annual Report. DONATIONS AND LEGACIES 2023 2022 Legacies Grants and donations 1,059,958 954,521 669,265 883,400 2,014,479 1,552,665 OTHER TRADING ACTMTIES 2023 2022 Sale of merchandise 6.124 5,018 INVESTMENT INCOME 2023 2022 Deposit account Inte$1 22.820 Page 20 conb'nued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 RAISING FUNDS Ralslng donatl¢ns and legacles 2023 2022 Staff costs Rgnl, rates an¢J insurance Telephone Postage & stationery Sundries Travel Fundraising Other oifice expenses Bank and credit card charges Depreoatton 120,963 14,142 2.339 7S.348 4.077 23.366 171,267 67 21.053 849 123,597 13,596 2,887 58,465 2,945 15,319 134,974 227 20,666 433,471 373,325 Other trading activi0$ 2023 2022 Opening stock Purchases Closing stock 2,074 5,169 {9201 1,260 7,031 12,0741 6,323 6,217 Aggregate amounts 439.794 379,542 CHARITABLE ACTIVITIES COSTS Grant fLtnding of activities (see note Support costs Isee note 8} 71 Totals Oonkey sanctuary 786,354 32,868 819,222 GRANTS PAYABLE 2023 2022 Donkey sanctuary 7B6,354 707,648 During the year the charity P8KI grants lo HOland Donkeys Trust. a charity with trustees in common, of£647,97212022'. £707.6481. Page 21 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 SUPPORT COSTS Governance costs Donkey sanciuary 32.868 TRUSTEES. REMUNERATION AND BENEFITS There were no tnjslees. remuneration or other benefits for the year ended 31st December 2023 nor for the year ended 31 sl Decernber 2022. Trusta8s' expenses There were no tnjstees, expenses paid for the year endod 31st December 2023 nor lor thg year ended 31st December 2022. 10. STAFF COSTS 2023 2022 Wages ar salaries Other pension costs 118,162 2.801 120,979 2.618 120.963 123.597 The average monthly number of employees during the year was as follows.. 2023 2022 UK staff No employees weived emoluments in excess of £60,000. 11. TANGIBLE FIXED ASSETS Computer equipment COST Al 1st January 2023 and 31st December 2023 10,912 DEPRECIATION Al 1st January 2023 Charge for year 10,063 At 31st December 2023 10,912 Ngr BOOK VALUE Al 31st December 2023 Al 31st December 2022 Page 22 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS- continu•d FOR THE YEAR ENDED 31ST DECEMBER 2023 12. STOCKS 2023 2022 Stocks for fundraising 920 2,074 13. DEBTORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 2023 2022 Other debtors Prepayments 10,794 5,821 19,693 4,797 16.615 24,490 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Social security and other taxes Other creditors Accruals aThJ deferred incorng 3.418 421 17,580 1,870 1,040 10.978 21.419 13,888 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2023 Totsl fijnds 2Q22 Total funds Unrestricted fund Restricted fvnds Fixed assets Current assèts CU8nt liabilities 2,100,386 121,4191 7,800 2,108,186 121,4191 1,315,399 113.8881 2,078,967 7,800 2,086,767 1,302,360 16. MOVEMENT IN FUNDS Net movement in funds At 31112123 At 111123 Unrestrlcted funds General fund 1,288,845 790,122 2.078,967 Re$trl¢tsd lunds Equipment Fund Hebron Fund 7.800 5.715 7,800 {5.7151 13.515 {5.71 Sl 7,800 TOTAL FUNDS 1,302,360 784.407 2,086,767 Pagg 23 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2023 16. MOVEMENT IN FUNDS- contlnued Net movement in fijnds, included In the above are as follows-. Incoming resources Resources expended Movernenl in funds Unre$trlct&d fund5 General fund 2,043,423 11,253.301 } 7W,122 Restricted funds Hebron Fund 15,7151 15,7151 TOTAL FUNDS 2.043,423 1,259,016} 784,407 Comparatives for rnovament In funds Net movement in funds At 31112122 Al 111122 Unrestrictsd funds Gener81 furvj 802,183 486,662 1,288,845 Restricted funds Equipment Fund Hebron Fund 15,368 31,065 17,5681 125.3501 7,800 5.715 46.433 132,9181 13.515 TOTAL FUNDS 848,616 453,744 1,302,360 Comparative net movement in funds, included in tha above are as follows.. Incoming restsurces Resources expended Movement in ftjnds Unr•strict¢d funds General fund 1.557,683 11,071,021) 486,662 Restrlcted funds Equlpmenl Fund Htrbron Fund 17.5681 125,3501 17,5681 125,3501 132,9181 132,9181 TOTAL FUNDS 1.557,683 11,1Q3,9391 453.744 The equipment fund is due lo several donations from several donors which were specifically eamarked for the purchase of equipment in Israel. Page 24 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2023 17. RELATED PAR DISCLOSURES During the period the charity paid grants totalling £647,972 12022: £707,E481 to Holyland Donkeys Trust a not-for-profil company gistered in Israel and Oonkeys Trust Co a nol-for-profil company registered in the Palestinian Terrilones. Both ents'ties have directors in common with Safe Haven for Donkeys In the Holy Land Trustee Limited (the rpOrate trustee of Safe Haven for Donkeys In the Holy Landl. Page 25