REGISTERED CHARITY NUMBER: 1083468 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 FOR SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Parkers Chartered Accountants and Statutory 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 2024 Page Report of the Trustees 1 to 10 Report of the Independent Auditors 11 10 14 Statement of Financial Activities 15 Balance Sheet Cash Flow Statement 17 Notes to the Cash Flow Statement Notes to the Financial Statements 19 10 25 Detailed Statement of Financial Activities 26 10 27
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of 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). Foreword From Margaret Eames - Chair of Trustees Firstly, as always I want to say a huge thank you to our supporters, volunteers and staff who have helped the charity continue to make such a positive and significant impact on working equids in Israel, the Occupied Palestinian Territories and the El Saf brick kilns of Egypt. As we mentioned in last yearfs report, the charity now has a reserve fund to help us provide for both the animals in our care and those thal rely on the mobile clinics in the Occupied Palestinian Territories and Egypt should economic conditions deteriorate. That decision has proved to be extremely sensible due to the events that have continued to unfold in the Middle East. Thankfully, we are in a much better position now to safeguard the animals at our facilities and those that we reach out to in the community. We have also had a busy year implementing some of the new projects we wanted to get off the ground new rescue centre for the animals we care for in the West Bank, upgrades to the sanctuary in Israel and adding a second mobile clinic team to our project in the El Saf brick kilns in Egypt, as well as setting up mobile first aid clinic in the Gaza strip. As any other charity. the board review risks at each Trustee meeting and in 2023 we were able lo address a number of outstanding issues. We are now on a much more secure financial footing and the charity continues to comply with all the financial regulations surrounding ils day to day running. Our work would not be possible without the wisdom and expertise of our Trustees and l am hugely grateful for their time and commitment. We are currently recruiting new Trustees to join us on the Board and I will bring you news of these in my next report. The efforts of our staff in the UK, Israel, the Occupied Palestinian Territories and now Egypt are truly an inspiration. Seeing the circumstances in which they cary out their work is humbling and l arn proud to be associated with each and every one of them. Once again, thank you to all our supporters who make this all possible. Page 1
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND ACTIVITIES Update From Andy Foxcroft - Chief Executive Aller 2 years of planning, our n)obile clinic in Gaza finally began ils work lo provide free Irealmenl to working donkeys and horses which have become such an important pari ol everyday life. lollowing the horrors of October 7th. 2023, marking the start of the war, working equids are often the only means of affordable Iransporl for Ihe population. They are iinportanl for food and water distribution arjd for carrying people injured in the conflict lo liospilal. Since the clinic sl8rted in April 2024, we have rec.eived so many hearibreaking stories from our team leader. Dr Saif, about Ihe heroic efforts of Ihe aninials which are often malnoLirished due lo the lack ol suitable food. During 2024, Ihe team provided first aid lo over 7,000 donkeys and horses, plus many other animals that were brought lo the clinic by their owners. Our team were not immune to the effects of the war and some have been Injured by missile strikes in the area where they work - Khan Younis although all are thankfully recovered now. Iii March 2024. Safe Haven for Donkeys managed to get a shipment of much needed dog. cat and horse feed into Gaza. We were able to achieve Ihis thanks lo our amazing team in Egypt, who worked with two humanitarian cSiarilies that offered us space on Iheir wagons delivering aid lo the population of Gaza. We also formed an alliance with 2 other charities, Animal Heros in the Nelheilands and Animal Aid Without Borders in Finland, lo buy even more food. This second shipment has sadly been prevented from enlerirng Gaza and is currently held in a warehouse al the Rafah border crossing We also purchased urgently needed Inimal medication5 lor both shipments althoiigh none of these have been allowed in as yel. So, our team are doing whal Ihcy can lo relieve the SLiffering of the animals Ihal are so important to the commuiiily for their very exislence. Our leams in the Wesl Bank have continued Iheii work despile an increascd number of checkpoints that have been eslciblishccl belwpen Ilie main cities. Tkiese liave increased the joiirney limes lor our mobile clinics bul I'm pleased lo say that IhoLssands ol workiiig donkeys and horses have still received Irealmenl. Vvhilst I was unable lo Liavel lo our West Bank clinics during 2024, 1 did manage a couple of visits lo our sancluary in Israel which, during the course of the year, has been refurbished. New fences, a larger paddock with upgraded water and feed lacililies and much more. To spend time with the 180 rescued donkey5 there is such an uplilling experience Ihrlt's quite diflicull lo describe. Watching them go about their daily life is lascinaling and Ihey icre always pleased lo see visitors and inleracl with us despile Iheir experiences w5th humans in former lives. Clso travelled several limes to OLir projecls in Egypt where Ihe team are really building a very strong progiamme of work. Their efforls in the brick kilns of El Saf are really transforming the lives of the donkeys Ihere. At Ihe start of Iheir work in 2023, they assessed each kiln which was RAG (Red, Amber, Greenl scored This relates to the level of ils standard of animal welfare with most being Red (very poorl and a few Amber and Green (acceptable). In the course of one year, the team have turned that aroijnd meclning that there are now more Amber and Green kilns than there are Red. I've added some figures below to highlight this incredible achievement. rollowiriy Ilie welfare cissessinenl in 2023. Ihc distribution of kilns was as follows.. -Green kilns. 14- -yellow kilns.. 20 -Red kiliis. 86 In 2024, Ihe olifjlribLilion sliowed sigiiiFIcc]nl cliangcs". -Green kiliis". 36 -yellow kilns. Jro -Red kiliis 31 Improvemeiils lo Ihe slandard ol welfare thcil cnable Ihp. kiliis lo be c.lassified higlier than red Include.. -Signiliranl redLiclions In hrjrness wr)Linds iero lor green kilns -FLJwei" fool injLiries hclpcd by rcmoving sleop gradienls Ip.ading lo Ihe avpns -Improved nulrilion beller body condition scoies help lo reduce harness wounds -Enhanced stabling - additional paddock space reduces stress and WOLinds from kicks Pcige 2
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 There is still much more to do which is why we recruited a second team of a vet and two farriers during 2024 to enable us to reach more kilns that rarely get to see vets and farriers. You can see the results of our work in the kilns by watching a film made by our Patron, actor and animal activist, Peter Egan and Andrew Telling of Orange Pictures. The film, which is the second in the series, is called 'Bricks' and can be found on Safe Haven for Donkeys YouTube channel. New exciting projects have been planned in Egypt for 2025 and I will cover these in more detail next year. Supporters of our charity can be certain that the money they donate is being used to transform the lives of working donkeys, mules and horses in some of the harshest environments of the world. Thank you! We could not do this without your generous support. Objectives and aims To improve the welfare of donkeys and other equids in the State of Israel and the Palestinian National Authority or their successors in name and sovereignty and in any additional countries where the Directors feel the need is sufficient to warrant either running the charity's own projects or partnering with local NGOS. The Vbsion of Safe Haven for Donkeys: A world where all working donkeys, horses and other equids are healthy, without injury and well cared for. Our Mission is: To use our resources, expertise and experience to ensure all animals we come into contact with are provided with suitable care and treatment so Ihey can live and work without pain and discomfort. We will also pass our knowledge on to owners and communities to bring about long-term and sustainable improvements to animal welfare. What are Safe Haven's values? -we are compassionate - wherever we see animals suffering or in need of our help, we 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 lo better care for their animals. -we are grateful - every single penny donated to our charity 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 ENDED 31ST DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities The Trustees of Safe Haven for Donkeys in the Holy Land approved the transfer of funds to 15rael. the Palestinian Territories and Egypt to support the increasing work undertaken by Ihe nol-for-profil organisation the 'Holy Lclnd Donkeys Trust" the Palestinian Territories 'Donkeys Trusl Co" and the "Alan Project" Egypt. By the end of December 2024, the Holyland Donkeys Trust was caring for on average 180 donkeys al the sanLluary al Moshav Gan Yoshiyya, located belween the Israp.I towns of Nelanya and Hadera and only a few miles froin the Palestinian bolder. There werp al%0 around 35 animals being cared for al the Donkeys Trust Co's rescue centre in tho Palestinian village of Arrana which was opened in November 2023 to house the animals previously cared for al the charity's clinic in the city of Nablus. All donkeys al the sanctuary and rescue centre 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 Directors of the Holyland Donkeys Trust in Israel and Donkeys Trust Co in the Palestinian Territories, their quality of life is sufficiently low to warrant this. Our clinic in the Palestinian city of Nablus continues to be extremely busy, particularly on Thursdays when the nearby donkey market is in operation. The teams also hold regular veterinary outreach clinics in various locations in the Palestinian Territories using three mobile clinic vehicles which between them cover the whole country_ In addition lo free veterinary Irealmenl, working equines are offered vaccina110ns, shoeing and dental work. The cliarily'8 team also repair harnesses and head collars, or provide new ones at a nominal r.harge, as ill-filling equipment is so often the cause of wounds. Education is ali important pari of OLJr work and the N8blus cliiiic has hosled veterinary sludenls from the nearby univorsily cls W?11 as visits by children from local schools and refugee camps. Our Palestinian team arè reaching around 1.000 donkeys a month and staff and Trustees are confidenl that the overall welfare of working equids in the region has improved as a direct result of Safe Haven's inlervenlion. This is supported by evidence that clearly shows a reduced nLimber of trealrnents required on return visits lo each area. In 2023. we sel up a new project in parlnership wilh a local NGO lo bring velerinary services lo equids working in the brick kilns in the El Saf region ol Egypt. This is run under name "the Alan Project" In 2024, a second mobile clinic leam was added. In the UK, costs have been kept as low as possible, with the only employees being a full time Operations Direclor who handlos the day lo day running of the charily in the UK including fundraising, PR and administration, a Social Media Officer who looks after the charity's social media inleraclions and a parl time Administration Assistant who deals wilh banking donations and thank you lellers_ We also have a parl time CEO who focuses on organisalional development and delivering the strategy. The percentage ol funds spent on direct care of working animals in in the countries in which we operate is Increasing ye¢lr on yp.clr. Diiring 20?4, we have continued lo reducp costs al the sanctuary wilhoul comproniising our anirnal welf1cre standards. We have achieved this through negotiations with currenl supplicrs lo lind more cosl-efleclive ways of providing their goods or relendering scJrvices lo erisure we are gclling bcsl value for money. Rohoming donkeys lo carefully selected homes In the Paleslinicin Territories is c Iso a Wcly lo I"educe costs whilsl provicliiig the anini8ls with grealer environmental L3nrichmenl. Relationships with other charities The charily is C) meniber ol IIIL Nr11ional IqLiine Welfare CoLiiiciI {NEWC), the Working Animal Allicince IWAAI, TlTre Federation ol Horses in EdLicalion and Therapy Inlerncilional {HETII and (he Nalioncil Coiincil lor Voliinlary Organi581ions {NVCOI Thc, UK Operations Director is a merriber ol the Donkey Breed Sociely. the Ch8rlered Ir)slilulcb of FLindraising ?( nd Ihe Insliliile of Legacy Mancigeimenl. Page 4
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 FINANCIAL REVIEW Financial position As at 31 December 2024, the charity had available unrestricted reserves of £1,134,137,60 plus £821.661.28 in longer-term investments. A large proportion of these unrestricted reserves were allocated towards the new projects the charity plans to implement during 2025 and beyond and as a contingency to allow time to find new homes for the donkeys should anything happen to the charity's sister organisations in Israel or the Occupied Palestinian Territories. The Directors are aware that these funds alone are not enough to cover the charity's planned expenditure for 2025 and so a robust fundraising strategy has been put into place to ensure that future income continues to increase. This includes continuing to engage the services of a dedicated freelance fundraising consultanl to increase income and the number of donors on the charity's database and the services of a PR consultant to help raise awareness of the charity's work. Year 2024 review Following a clean audit of the last eight years, annual accounts thanks to the implementation of more stringent financial processes in Israel and the Palestinian Territories, Ihe Directors of the Holyland Donkeys Trust and the Directors of Safe Haven for Donkeys in the Holy Land have continued to ensure that these procedures remain rigorous and are strictly enforced. In July 2016, a "not for profit company for the public benefiv, was set up in Israel, known as the Holyland Donkeys Trust. This type of company, which has similar tax status to a charity, is stricdy controlled by the Israeli authorities. Although the Holyland Donkeys Trust is based in Israel, with Israeli and UK directors, the UK directors appointed 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 also been set up in the Palestinian Territories to allow for direct payment of wages to staff and funds to suppliers, this is known as th&"Donkeys Trust Co" In Egypt, funds are sent to our project partners, th8 local NGO 'AI Jisrf, who operate the work under the title "The Atan Project.. All three organisations supply audited accounts to 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 implementing our strategic plan and achieved the following to date.. -set up two new mobile clinics in the Palestinian Territories to enable us to reach more working donkeys and horses in need of veterinary care -Developed a research project in the Palestinian Territories to examine how our work improves animal welfare standards which will be delivered in 2025 -continued to deliver training on the ground to owners and professionals to create more awareness of the needs of working donkeys and horses -Launched a Hebrew website to help us raise awareness of our work and generate funds locally -continued to rehome donkeys in the Palestinian Territories where we are completely satisfied that it is in the best interests of the animals -set up a new project in the El Saf brick kilns of Egypt -set up a first aid mobile clinic in the Gaza strip Year 2025 onwards The Directors 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 the Atan Project's work in Egypt during the past year. The strategic plan continues to be implemented. Donke and Horse Welfare Page 5
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 We know that there is so much more to do in the Palestinian Territories, Egypt and beyond to support working donkeys and horses and the communities Ihal (hey serve. Changing mindsets around animal husbandry is one of the biggest challenges our teams. face allhough there is a very clear indication that the current model of delivering services is making a positive and lasting impact to animal welfare Therefore, during 2025 we will conlinue lo expand our aclivilies in areas where working animals need our help. We will ensure our teams are given tlie necessary Iraining and eqLiipmenl lo carry out their lasks. Upgrclding Ihe SanctLiary As (he herd ages, nuinbers are sl8rling lo fall and Iherefore, the need lor exlra Space is not so pressing. 11 was therefore decided lo remain al the exisling sile and a comprehensive programme of improvements was Linderlaken IN 2024. including Ihe provision of Improved visilor facilities. New Arrana facilily Al the end 012023, the donkeys which were housed al OLir clinic in Nablus {mosl ol which were unwanted or abandoned by Iheir previous owners) were Iranslerred to a new facility in the Palestinian village of Arrana. The possibilily of moving some donkeys from the sancluary in Israel across the border lo Arrana will be explored in 2025 and beyond. as will the possibility of buying land in the Paleslinian Territories, although these plans have been impacted by the current polilical situation in the region. Research A Iwo-parl research project gol underway in 2022 starting wilh some work around the people and cominiinilies who use our services in the Wesl Bank. Through this we hope lo beller understand why working equids are so imporlanl lo Ihe local economy, whal Ihe main barriers are lo providing care and crucially. how Safe Haven can help lo provide more informalion lo improve welfare. The nexl phase will look Inore closely al Ihe ilMPclcI ol our mobile clinics on Ihe long-lerm welfare ol animals. All ol this will inforin our fllture slralegy and ensLire we locus our resources lo maximLim elfecl. This projec.[ should be compleled in Volunteers Sale Haven conlinues lo benefit from a speciali51 UK-based donkey vel who volLinleers her services. We aim lo lake advanlcige of Ihis with ongoing regLilar visits lo Ihe sanclLiary lo support our local velerinary team in ensiiring Ihal the residenl animals are receiving Ihe best possible care. Effectiveness of fundraising activities Tlie whole of Ilie charity's income is derived from fundraising activities. The main locus is fundraising from Individuals, Ihe communily and granl-mcikirng Irusls. The UK Oporations Director lias responsibility for fundraising from granl-making Irusls, encouraging supporis to consider leaving legacies, liaising with major donors, attending events, PR (giving talks lo local groups elcl, organising events, liaising with major donors, fundraising on social media and producing the charity's newsletter. The Social Media Officer has day lo day responsibility for social media. Total income for 2024 averaged just over £123,490 per month, the bulk of which was from legacies, donations received following the distribution of quarterly newsletters and donations as a result of Facebook Iclivities. There were also donalions from granl-rnaking trusts, proceeds from events and donations and general m¢1rkcling aclivilies. Reserves policy The Dire.clors oporcile a reserves policy which they consider appropriate to ensure, barring unforcseen circLIITislancos. Ihe continued aL)ilily of the charily lo meet ils objectives. The cliarily air)Is lo mair)lain. as far IS 1t Is possible. cl miniiiium of frecJ fL)sei'ves equivcllent lo al least six nior)Ihs expenditure covpragp, up lo a plaiined InaxiiT)LIIT) ol Iwclve moiilhs. This rLscJrves levels lakes iiilo JCCOLinl Ihp charily's long-terni responsibility loward Ilie rescLied animals in the CCISQ ol. 115 sisler orgaiiisations in Israel and tho Pc]Icstinian Territories.
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 FUTURE PLANS After a very busy period, in which the amount of work being carried out in towns and villages across Israel and the Palestinian Territories increased, priorities for Ihe year ahead are.. Holyland Donkeys Trust: -To maintain the sanctuary to 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 towards long term self-sufficiency Donkeys Trust Co: -To continue our work in the towns and villages. -To cary out research to help us understand the impact of our work and how we can bring about long-tenn improvement to animal welfare through education Safe Haven for Donkeys in the Holy Land: -To increase fundraising and PR in the UK lo better support the Israel, Palestinian Territories and Egypt organisations, work with equids in desperate need through working with in-house staff and fundraising and PR consultants as appropriate -To develop a new five-year strategy for the charity -To strengthen the charity's 8oard in order to provide strategic leadership Egypt: -Now that there are I0 mobile clinic teams; to increase the areas that the teams cover in order to reach even more equids, in local towns and villages as well as brick kilns -To research and develop ways of replacing donkeys in the brick kilns with machinery -To work with other NGOS, government representatives etc to develop ways in which to raise standards of the welfare of equids in Egypt Gaza: -To continue to fund the mobile first aid clinic in the Gaza strip -Through our team in Egypt. to facilitate further shipments of food and medication for animals in the Gaza strip STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Safe Haven for Donkeys in the Holy Land is an unincorporated trust, constituted under a Trust Deed dated 15th March 2000 as amended by Trustees Resolution dated 30th May 2000 and six Supplemental Deeds dated 24th February 2001, 8th October 2005, 22nd February 2008, 20th May 2016, 26th June 2018 and 28th March 2022. The charity's sole corporate trustee is Safe Haven for Donkeys in the Holy Land Trustee Limited. In Israel, a not-for-profit company, the Holyland Donkeys Trust, was set up in July 2016 into which all the non-UK assets have been transferred. Although this company is still controlled by the UK charity, it complies with all necessary Israeli laws. In addition to the greater control this provides over activities in15rael, it has also unlocked the necessary tax advantages and the ability to fundraise in Israel. There is also a limited company known as the Donkeys Trusl Co in the 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 to December 2024. Recrubtment and appolntment of new trustees The limited company "Safe Haven for Donkeys in the Holy Land Trustee Limited" became sole corporate 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 chaiity's Director meetings. Page 7
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ST DECEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure In the UK, the charily is run by the Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited. The chc1rily's aims are fulfilled by making grants lo the Israeli not for profil company the Holyland Donkeys Trust IPILDTI and lo the Donkeys Trust Co in the P81eslinian Territories. The Directors of Safe Haven for Donkeys in Ilie Holy Land Trustee Limited are also Directors of HLDT. HLDT lias three additional Directors Wendy Ahl Ilhe charity's UK Operation5 Director), Mr Mohaimad Mussa and Dr Abed Zidan. Additionally, in April 2017, a third limited company Holyland Donkeys Trust (Wesl Bank} W¢iS sel up lo allow for direct payment of salaries lo Wesl Bank slafl. Ils Directors are Mr Haylatn Mass¢1d and Mr Oirciry Bader, accoLintclnl and 18wyei lo the Holyland Donkeys Trust. The Board of Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited are supported by Ihe following members of UK slarf. o CEO (part lime) o UK Operations Director (full timel o Social Media Officer (full lime) o Adminislralion Ass151anl (part time} In Israel, the Directors of the Holyland Donkeys Trust are supported by the following staff.. o Israel Operations Director (full limel 0 4 SanctU8ryJoulre3ch workers (lull time) In Ihe Palestinian Territories, the Directors of the Donkeys Trust Co 8re supported by the following staff. o Clinic Manciger INablLIS cind mobilcJ clinic north of the Pcileslinian Terriloriesl o Clinic Manager (mobile clin1C SOLJili of the Palestinian Territories) o Clinic Manciger (mobile clinic centre of the Palestinian Territories) o Farrier x 4 (Nablus aiid Hebronl In Egypt, the Alan Project is run by the following employees ol the Egyptian NGO Al Jisr. o Veterinary surgeon (full lim@)o" Two farriers (full timel In 2021, Mr Andrew Foxcrofi resigned cis a Trustee aiid look up Ihe part liine Inlerim role of CEO for a period of Iwo yer1. rs from April 2021 with the permission ol the Charity Commission. The Board made Mr Foxcrofl's position permanent in June 2023. The Directors hold regular meetings lo agrce the broad strategy and areas of activity for the charity in Israel and the UK. There is an Israeli Managenienl Team in place thal is in regular contact with the Direclors of both Scife Haven foi Donkeys in the Holy Land Trustee Limited and the Holyland Donkeys Trust on all operational and financial mallers. There are a number of volunteers who give their time either al the sanctuary or in Israel or to help with fundraising in the UK and the Directors remain extremely grateful lo all of these. The Mid Sussex Volunteer Fundraising Group wa5 set up al the beginning of 2005 and Director George Russell and his wife have regularly bcen running events in (he Berl<shirelWillsh1re area since 2005. 11 Is hoppd lo conlinLie to expancl Ihp. iiuriiber ol volunteers bolh ir) Isrciel and the UK iii Ilie years ahead. Al Ihc end 012024, Slc fe Haven lor Donkeys in Ihe Holy Land had seven patrons. the Rt. Hon the Earl of Slocklon, the Rl kloii Aiin WiddeLonibe DSG, Anll)ony Head, Peter Egan, Kay Burley, J8n Leeriiing and Desiiiond Lyiiaim OBE. Ad(lilioiially, Il liris a Royc11 Pcilron. HPT Rnyell Highriess Princess Alexandra, The Hon Lady Ogilvy. KG. GCVO. The chilrily has registered willi Ilie Fundraising RegLilalor in order lo demonslr¢ile ils commilnienl lo besl pr8clicp of sl3ndards ii) funclraising Additionally, the UK Opercilions Director is a diploma-level member ol Ilie Inslilule ol ILiriilraising Risk management Major risks lo whicli Ihe charily has been exposed have been reviewed and systems esLablished lo miligale those risks. The charity has a risk management policy and a risk register which is reviewed al each meeting of the Directors of Safe Haven for Donkeys in the Holy Land Truslee Limited. Page 8
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1083468 Principal address Unit 23 More House Farm Business Centre Ditchling Road Wivelsfield Haywards Heath West Sussex RH17 7RE Trustees M Eames {appointed March 2024 - Chair) R Ings (appointed 23 September 2022) L Rimington (appointed July 2015) G Russell (appointed March 2015} A Ratnayake (appointed January 2022 - passed away September 2024} C Cawthome (appointed October 2023 - resigned February 2025) In September 2016, the Charity Commission gave permission for the newly registered limited company Safe Haven for Donkey5 in the Holy Land Trustee Limited {101914251 to become the sole Corporate Trustee of the charity. 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 purposes to avoid confusion. Auditors Parkers Chartered Accountants and Statutory Auditors 178-180 Church Road Hove, East Sussex BN3 2DJ Bankers HSBC plc 125 Church Road Hove East Sussex BN3 2AN TRUSTEES. RESPONSIBILITY STATEMENT The trustees are r8sponsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that perrod. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP: make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business. Page 9
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024 TRUSTEES. RESPONSIBILITY STATEMENT- continued The Iruslees are responsible lor keeping proper accounting records which disclose with reasonable accuracy al any lime Ihe financial position of the charily and lo enable them lo ensure that the financial slalemenls comply wilh the Charities Act 2011, Ihp. Charity (Accounts and Reports) Regulations 2008 and Ihc provisions of the Irusl deed. They are also responsible lor saleguarding the assets ol the charily and hence for taking reasonable sleps lor Ihe prevention and deleclion ol Iraud and other irregulcirilies. Approved by order of Ilie board of Iruslees on L.- ') and signed on its behalf by.. G Russell - Tru4iee Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Opinion We have audited the financial statements of Safe Haven for Donkeys in the Holy Land {the 'charity') for the year ended 31 st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally AcLepted Accounting Practice), induding Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31st December 2024 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland," and have been prepared in accordance with the requirements of the Charities Act 2011 . 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 Auditors, responsibilities for the audit of the financial statements section of Dur 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 relatlng to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not id@ntified 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 e1ve 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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial ststements and our Report of the Independent Auditor5 thereon. Our opinion on the financial statements does not cover the other information and. except to the extent otherwise explicitly ststed in our report, we do not express any fom of assuran conclusion thereon. In connection with our audit of the financial statements, 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 audit or otheNise 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 exceptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion.. the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or sufficient accounting records have not been kept- or the financial statements are not in agreement with the accounting records and returns; or we have not received all the infomiation and explanations we require for our audit. Page11
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Responsibilities of trustees As explained more fully in the Trustees, Responsibilities Statement, the trustees are responsible for the preparation of the linancial slalements which give a Irue and lair view, and for such internal control as the Iruslees determine is necessary lo enable the preparation of linancial statemenls that are free from material misslalemenl, whether dLie lo fraLJd or error. In preparing Ihe linancial slalemenls, the truslees are responsible lor assessing Ihe charity's abilily lo continue as a going concern, disclosing, as applicable, mallers related lo going concern and using Ihe going concern bcisis of accounting iinless the IrLislees eilher intend lo liquidate the charily or lo cease oper81ion5, or have i)0 realislic alternative bul lo do so. Fage 12
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Our responsibilities for the audit of the financial statements We have been appointed as auditors 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 a Report of the Independent Auditors 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: Irregularities. including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below: -we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Companies Act 2006.- -we obtained an understanding of the legal and regulatory framework applicable to the entity 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-compliance with laws and regulations- -we made enquiries of those charged wilh governance and management concerning -The risks of fraud; -Instances of non-compliance with laws and regulations or knowledge of actual. suspected. or alleged fraud is documented during the period., -we allocated an engagement team that we considered collectively had the appropriate cornpetence and capabilities to identify or recognise non-compliance with laws and regulations Audlt response to the risk of irregularitles Including fraud Based on the results of our risk assessment. our procedures included, but were not limited to.. -Performing analytical procedures to identify any unusual or unexpected relationships -Evaluating whether judgements and assumptions made in determining the accounting estimates set oul in note 1 were indicative of potential bias -Assessing whether judgements and assumptions made in determining the accounting estimates set out in note 1 were indicative of potential bias. -Agreeing financial statements disclosures to underlying supporting documentation -Reading the minutes of meetings of those charged with governance -Reviewing the correspondence with relevant regulatory bodies -Testing of journal entries to address the risk of fraud through management override -Incorporation an element of unpredictability in the selection of the nature, timing, and extent of our audit procedures. -corroborating the business rationale for transactions outside the normal course of business A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.ukJauditorsresponsibilities. This description fomis part of our Report of the Independent Auditors. Page 13
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 lo the charity's trustees. as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audil work has been undertaken so that we might stale lo the charity's Iruslees those matters we are required lo slate lo them in an auditors, report and for no other purpose. To the fullesl exlenl permitted by law, we do nol accept or assume responsibility lo anyone other Ih2n Ilie chcirity and thc charity's IrLislees as a body. lor our audit work. for Ihis report, or for the opinions we have formed. P8rkers Chartered Accounlanls and Slalulory Auditors 178-180 Church Road Hove, East Sussex BN3 2DJ Date.. Paqe 14
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Total funds 2023 Tota funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,471,623 1,471,623 2,014,479 Other trading activities Investment income 6,182 37,311 6,182 37,311 6,124 22,820 Total 1,515,116 1,515,116 2,043,423 EXPENDITURE ON Raising funds 638,256 638.256 439,794 Charltable activltles Donkey sanctuary 987,348 987,348 819.222 Total 1,625,604 1,625,604 1.259,016 Net gains on investments 13,696 13,696 NET INCOMEI(EXPENDITURE) (96,792) (96,792) 784,407 RECONCILIATION OF FUNDS Total funds brought forward 2,078,967 7,800 2,086,767 1,302,360 TOTAL FUNDS CARRIED FORWARD 1,982,175 7,800 1,989,975 2,086,767 The notes form part of these financial statements Page 15
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND BALANCE SHEET 31ST DECEMBER 2024 2024 2023 Notes FIXED ASSETS Investments 797,742 CURRENT ASSETS Stocks Debtors Lash al bank aiid In hand 13 14 886 100,384 1,136,057 920 16.615 2,090,651 1.237,327 2,1D8,186 CREDITORS Amounts falling due within one year 15 (45,094) 121,419) NET CURRENT ASSETS 1,192,233 2,086,767 TOTAL ASSETS LESS CURRENT LIABILITIES 1,989,975 2,086,767 NET ASSETS 1,989,975 2,086,767 FUNDS Unreslricled ILinds Reslricled funds 17 1,982,175 7,800 ?,078,967 7,800 TOTAL FUNDS 1,989,975 2,086,767 The linanLial slaleimenls were approved by the Board of Trustees and authorised lor issue on and were signed on ils behalf by.. G Russell - Trustee Tlie nolps form parl of Iliese finaiicial slaleiiienls
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations (207,859) 778,996 Net cash (used in)Iprovided by operating activities (207,859) 778,996 Cash flows from investing activities Purchase of f5xed asset investments Interest received Dividends received (784,046) 33,041 4,270 22,820 Net cash (used inyprovided by investing activities (746,735) 22.820 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period (954,594) 801,816 2,090,651 1,288.835 Cash and cash equivalents at the end of the reportlng period 1,136,057 2,090,651 The notes form part of these financial statements Page17
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lexponditurellincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Losses on inveslimenls Inleresl received Dividends recpived Decrease In stocks {Increaselldecrease in debtors Increase in creditors {96,7921 784,407 849 113,6961 133,0411 (4,2701 34 183,769) 23,675 {22,820} 1,154 7,875 7,531 Net cash {used in)Iprovided by operations 1207.859) 778,996 ANALYSIS OF CHANGES IN NET FUNDS Al 111124 Cash flow At 31112124 Net cash C1c sh cl1 bc1nk and In lir?nd 2,090,651 {954,5941 1,136,057 2,090,651 1954,594} 1,136,057 Total 2,090,651 {954,5941 1,136,057 Tlip notes form parl of Iliese financial slalemenls Page 18
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial ststements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SQRP (FRS 102) '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),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitjement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistenl with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over ils estimated life. Fixtures, fittings and equipment Motor vehicles Computer equipment 25•/1 on reducing balance 25/0 on reducing balance 33Q/¢ Straight line Stocks stocks are valued at the lower of cost and nel realisable value. after making due allowance for obsolete and slow moving items. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at Ihe date of transaction. Exchange differences are taken into account in arriving at the operating result. Page 19 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31ST DECEMBER 2024 ACCOUNTING POLICIES - continued Pension costs and other post-retirement benefits Tlie chl¢ rily operales a delined contribution pension scheme. Contributions payable lo the charily's pension scheme are charged to the Slalement of Financial Activities In Ihe period lo which they relale. Grants and donations Cjranls and donalions are only included In the SOFA when the charity has uncondilional entitlement lo the resources. Tax reclaims on donations and gifis Incoming resources from lax reclaims are included in Ihe SOFA al the same time as the gilt lo which they relale. Contractual income and performance related grants are only included in Ihe SOFA once the related goods and services have been delivered. Gifts in kind Gifts in kind are accounted from al a reasonable estimate of their value to the chariiy or the amounl actually realised. Volunteer help Tlie valLie ol tiny volunlary help received is not included in the accounts bul is described in the Trustees Annual Report. DONATIONS ANI D LEGACIES 2024 2023 434,132 1,037,491 1,059,958 954,521 Legacies Grants 311d donlr lions 1,471,623 2,014,479 OTHER TRADING ACTIVITIES 2024 2023 6,182 6,124 Sale of merchandise INVESTMENT INCOME 2024 2023 4,270 24,631 8,410 Olhe.r fixed asset iiivesl - Fll Deposil arcoiinl inleresl Inleresl - fixed clssel sec, 22,820 37,311 22.820 continued... Pag• 20
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 RAISING FUNDS Raising donations and legacies 2024 2023 Staff costs Rent, rates and insurance Telephone Postage & stationery Sundries Travel Fundraising Other office expenses Bank and credit card charges Depreciation 165,255 17,343 2,718 111,148 3,663 33,419 268,597 515 30,992 120,963 14,142 2,339 75,348 4.077 23.366 171,267 67 21.053 849 633,650 433,471 Other trading actlvltles 2024 2023 Opening stock Purchases Closing stock 920 4,572 (886) 2,074 5,169 (920) 4,606 6,323 Aggregate amounts 638.256 439.794 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 7) Support costs (see note 8) Totals Donkey sanctuary 960,246 27,102 987,348 GRANTS PAYABLE 2024 2023 Donkey sanctuary 960,246 786,354 During the year the charity paid grants to Holyland Donkeys Trust, a charity with trustees in common. of £693,329 (2023: £647.972). Page 21 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 SUPPORT COSTS Governance costs 27,102 Donkey sanctuary TRUSTEES. REMUNERATION AND BENEFITS Therp. were no Iruslees, remuneralion or olher benefits for Ihe year ended 31st December 2024 nor for the year ended 31 st December 2023. Trustees. expenses There were no Iruslees. expenses paid for the year ended 31sl December 2024 nor for the year ended 31 sl December 2023. 10. STAFF COSTS 2024 2023 160,549 4,706 118,162 2,801 Wages and salaries Ollier pension costs 165,255 120,963 The average moiilhly number ol employees during Ihe year was a5 lollows. 2024 2023 UK staff The nuinber of employees whose employce benefits lexclucling employer perision costs) exceeded f 60,000 w8%. 2024 2023 £60,001 - £70,000 TANGIBLE FIXED ASSETS Computer equipment COST Al 151 Jaiiuary ?024 and 31 sl Docember 2024 10,912 DEPRECIATION Al 1 sl J<iiiuary ?024. an¢1 31st Decen)ber 2024 10,912 NET BOOK VALUE Al 31 sl DL'I'.cJmbcJr 20?4 Al 31 sl Deceiiibp.r 2U23 Paqe 22 conliiiiied.
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 12. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE Additions Revaluations 784,046 13,696 At 31st December 2024 797,742 NET 800KVALUE At 31 st December 2024 797.742 At 31st December 2023 There were no investment assets outside the UK. Cost or valuation at 31 st December 2024 is represented by.. Listsd Investment Valuation in 2024 Cost 13,696 784,046 797,742 13. STOCKS 2024 2023 Stocks for fundraising 886 920 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors Prepayments 36,833 63,551 10,794 5.821 100,384 16.615 Page 23 continued...
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 3,563 2,166 39.365 3,418 421 17,580 Social securily and other taxes OLher creditors Accruals and deferred income 45,094 21,419 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds 2024 Total funds 2023 Total funds Restricted funds Investments Currenl assets Current Iiabililies 797,742 1,229,527 (45,094) 797,742 1,237,327 (45,094) 7,800 2,108,186 (21,419) 1,982,175 7,800 1,989,975 2,086,767 17. MOVEMENT IN FUNDS Nel movemenl in funds Al 31112124 Al 111124 Unrestricled funds General lund Fair Value Fund 2,078,967 (110,488) 13,696 1,968,479 13,696 2,078,967 (96,792) 1,982,175 Restricted funds Equipment Fund 7,800 7,800 TOTAL FUNDS 2,086.767 (96,792) 1,989,975 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in fLinds Unrestricted funds Gerier1c I fuiicl Fair VJliie F ur)d 1,515,116 11,625,604) (110,488) 13,696 13,696 1,515,116 (1,625,604) 13,696 196,7921 TOTAL FUNDS 1,515,116 11,625,604) 13,696 {96,792} Page 24 conlinued.
SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2024 17. MOVEMENT IN FUNDS - continued Comparatlves for movement In funds Net movement in funds At 31112123 Al 111123 Unrestricted funds General fijnd 1,288,845 790,122 2,078,967 Restrlcted funds Equipment Fund Hebron Fund 7,800 5,715 7,800 (5,715) 13.515 (5,715) 7,800 TOTAL FUNDS 1,302,360 784,407 2,086,767 Comparative net movement in funds, included in th& above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 2,043.423 (1.253,301) 790,122 R8Stricted funds Hebron Fund (5,715) {5,715) TOTAL FUNDS 2,043,423 (1.259.016) 784,407 The equipment fund is due to several donations from several donors which were specifically earmarked for the purchase of equipment in Israel. 18. RELATED PARTY DISCLOSURES During the period the charity paid grants totalling £693,329 (2023: £647,972) to Holyland Donkeys Trust a not-for-profit company registered in Israel and Donkeys Trust Co a not-for-proflt company registered in the Palestinian Territories. Both entities have directors in common with Safe Haven for Donkeys In the Holy Land Trustee Limited (the corporate trustee of Safe Haven for Donkeys In the Holy Land). Page 25