REGISTERED CHARITY NUMBER.. 1083468 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 FOR SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Parkers Chartered Accountants and Slalultsry Audf(ors 178-180 Church Road Hove, East Sussex 8N3 2DJ SAFE HAVEN FOR DONKEYS IN THE HOLY LAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Page Report of the Trustees 1 to 10 R•port of the Indepèndgnt Auditors 11 to 14 Statement of Financial Activltles 15 Balance Sheet 16 Cash Flow Ststsment 17 Noles to th• Cash Flow Statement 18 Notes to Iho Financial Statements 19 to 26 Detailgd Statement of Flnanclal Artivities 27 to 28 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 The trustees present their report wlh the finaneial statements of the charity for the year ended 31st December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Sialement of Recommended Practice appllcable to charities p￿paring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffective 1 January 20191. Foreword From Margaret Eames- Chair of Trustees Flrstly. as a￿ays, I want to say 8 huge thank you lo our supporters, volunteers and staff who have helped the charity continue lo make such a positive and significant impact ori the lives of working equids in Israel, th Occupled Palestinian Territories and the El Saf brick kilns of Egypt. Des￿le the many challenges facing the region. 2025 has ￿en another year of progress for Safe Haven for Donkeys. Thanks to the generosity of our supporters, we have been able to undertake essential repairs to our sanctuary in Israel, helping to ensure that the animals in our care continue to receive Ihe highest stsndards of welfare in a saf9 and secure environment. In the West Bank, we completed important improvements lo the surgery room al our Nablus clinic. These upgrades have slrenglhened OUT ability lo provide vital veterinary treatment and improve outcomes for the donkeys, mules and horses that depond on our seNces. l am particularly proud of the dedicAtson shown by our team in Gaza. Working in extremely difficuh and often dangerous conditions, the mobile clinic team continued lo provide lif￿avIng medical care to hundreds of equids throughout the year. Their commitment to animal wellare in the fa￿ of such adversty is tru remarkable. Our work in Egypt also cont(nued to make a significant drfference. During the year, our mobile clinic teams treated 2,191 donkeys, mules and horses, bringing much-needed veterinary care and support to working animals and their owners in the El Saf brick kilns. As with any chadty, the Board regularty remews risk. govemance and financial sustsinability. We remain committed to ensuring that the charity is managed responsibly and eontinues lo meet all regulatory requirements. l am also delighted to welcome ￿ new Trustees. Linda Evans and Michael Hogg. whose 8xperiencg and expertise will further strengthen our Board. The efforts of our stsff and volunteers across all our projects continue lo inspire me. Their compassion. professionalism and detem)ination are al the heart of evewing we achieve. and l am proud to be associated with each and every one of them. Once again, thank you to all our supwrters who make this work possiblg. Page 1 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 OBJECTIVES AND ACTIVITIES Update From Andy Foxcroft- Chief Executive At the end of 2025, a ceasefire was thankfully agreed in Gaza and we all had high hopes that our second shipment of desperately needed animal food and medical supplies would get into the strip after sitting on the trM)rder at Rafah for 12 months. In November we received news that the shipment had left the warehouse and was on the way lo Gaza. Sadly, it never arrived at its destination, the Palestinian Red CreS￿nt in Khan Yourws. This was extremely disappointing news although we hope that wherever il ended up. it went to holp animals in need. This shipment was the second of three, the first successfully reaching Ils intended destination and more about the third nexl year. Following the success of the first shipment you may remember that we fomied an alllance between three charities - Safe Haven for Donkeys, Animal Heroes in the Nethedands and Animal Aid Without Bordars in Finland - who I would like lo thank for their support and patienco. Vvhilsl this shipment did not get through, there has been a lol of subsequent co-operation be￿e&n our respe¢tive charities which is a very sitive outcome of the alliance. Also in Palestine. our 3 mobi18 clini(s operating in th8 West Bank have managed to wnlinue lo delivgr services to working donkeys and horses despite an increase in checkpoints which have been the cause of significant inueases in joumey limes. I did manage lo travel out to the Wesl Bank in October and. as well as meeting the teams, which is always a real pleasure, I managgd to attend one mobile dinic near lo Bethlehem. Both our sanctuaries ￿ntinUe to provide the best care possible for the 230 pemianent residents. Ifs a delight to spend time with them when I can and the amaziTrJ people who look after them. In Febmary. l travellod to Aswan in Upper Egypt where I spent a week with vets Dr Shaab8n. Dr Khaled and farriers Moharram. Hamed, Moslafa and Amr. Nornially these teams work in the brick kilns south of Cairo although this week they were operating the first of four outreach programmes. This projed was the result of a study which looked at equine welfare across Egypt and involved the stste veterinary services, heatth directorate. environm9nl affairs agency 8nd represenlalives of civil society in Egypt. The observatory project conduded that the oulrgach clinics would lake place in argas of greatest need with the dual purpose ofr. assessing the need for pem)anenl mobile clinics and providing training for sludenl vets from the local unwersities and govemment Vgls who work on farm animal health in the communities Over 4 days. we travelled lo 4 locations within the Aswan Governorale, stretching from Aswan cty to Edfu. The clinics were operated in very rural locations where working equids are vital for farming and transport. The dinics were organised by the Aswan govemment veterinary teams who advertised the events within the local community- In total, 388 donkeys and horses re￿iVed veterinary treatment, many never having seen a veterinary surgeon or experienced farrier before. The conditions presented were extensive ranging from dental issues to malignant tumours, ensuring that the 75 vets and vet students received comprehensive training. This pro¢e$$ was repeated in 3 other locations throughout Egypt wth more planned next year. In 2026, we will start 8 pemianent mobile dinic in the Aswan Govemorate 85 a direct result of the need idents'fied during this outreach clini Whilst our teams are able to change the lives of thousands of donkeys and horses they come into direct contact with, and which involves upskilllng owners, this programme has far reaching implications for equine health and welfare. Out of the 300 vets trained over the course of the year, many will retain that new kn￿edge and go on to use il for the benefits of donkeys and horses acmss Egypt. This is far more than our team can achieve alone and is a great example of how Safe Haven for Donkeys is using supporter money to change the livgs of tens of thousands of animals in need. Thank you for supporbng Saf8 Haven for Donkeys and having faith that we will use your donations to b8St effect and where it is needed mosL Page 2 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 OBJECTIVES AND ACTIVITIES Objectives and aims To improve the welfare of donkeys and other equids in the Stato 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 njnning the charity's own projects or partnering with local NGOS. The Vislon of Safe Haven for Donkeys: A worfd where all workn'ng donkeys, horses and other equids are healthy, without injury and well cared for. Our Pjlission Is: To use our resources. expertise arKI experien￿ lo ensure all animals we come into ￿￿ntact wth are Fyovided wlh suitable care and treatment so they can live and work wi(hout pain and discomfort. We will also pass our knowledge on to owners and communities lo bring about long-term and sustainable improvements to animal weware. What are Safe Haven's values7 -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 saence. -we act as partners - our job is not lo lecture owners. bul 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 2025 ACHIEVEMENTS AND PERFORMANCE Charltable actlvttles 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 not-for-profil organisalion the"Ho￿and Donkeys Trusv, the Palests'nian Territones 'Donkeys Trust Co" and the"Atan Project. in Egypt. By the end of December 2025, the Holyland Donkeys Trust was caring for on average 180 donkeys at the sanctuary at Moshav Gan Yoshiyya. located be￿en the Israel towns of Nelanya and Hadera and only a few miles from the Palestinian border. There were also around 35 animals being cared for al the Donkeys Trust Co's rescue cgntre in the Palestinian village of Arrana ¥thich was o￿ned in November 2023 to house the animals previously cared for al the charity's clinic in the city of Nablus. All donkeys at the sanctuary and resGve centre receive regular veterinary Gar8, vaccinations, visits from the farrier and undergo regular dental check-ups. Donkeys are only ever euthanised rf, in the opinion of our veterinary surg8on and ratffied 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 lo 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 clinic3 in various locations in the Palestinian ferritofies using three mobile clinic vehicles which between them cover the whol8 country. In addition to free veterinary treatment. working 8quines are offered vaccinations, shoeing and dentsl work The char¢ty's team also repair harnesses and head collars, or provide new ones at a nominal charge. as ill-fitting equipment is so often the cause of w(yJnds. Education is 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 sthools and refugee camps. Our Palestinian team are reaching around 1,000 donkeys a month and staff and Trustees are confident that the ovBrdll weWaT8 of working equids in the region has improved as a direct resulÈ of Safe Haven's intervention. This is supported by evtdenee that dgarfy shows a reduced number of treatments required on retum visits to 6ach area. In 2023, we sel up a new project in partnership with a local NGO to bring veterinary services lo equids working in the brick kilns in the El Saf region of Egypt. This is run under name "the Atan Project.. In 2024, a second mobile clinic team was added wth a third due lo be added al the beginning of 2026. In the UK, costs have been kept as low as posgble, with the only employees being a full time Operations Director who handles the day to day running of the charity in the UK including fvndrai&ng, PR and administration, a Social Media Officer who l¢x)ks afteT the charty's social media interactions and a part time Adminislratson Assistsnt who deals with banking donaliolls and thank you letters. We also have a part time CEO who focuses on organisational development and delivering the strategy. The Per￿ntage of funds spent on direct Ca￿ of working animals in the countries in which we operate is increasng year on year. During 2025, we have continued to reduce costs al the sanctuary without compromising our animal welfare stsndards. We have achieved this through negotiations with current suppliers to find more cost-effective ways of prowding their goods or retendering services lo ensLbre we are getting best value for money. Rehoming donkeys to carefully selected homes in the Palestsnian Territor(es is also a way lo redu￿ costs whilst providing the animals wlth greater environmental enrichment. RelatSonshlps wlth other charltl&s The charity is a member of the Nallonal Equlne Welfare Coundl (NEWCI, the Working Animal Aliance IWA41, The Federation of Horses in Education and Therapy Inlemalional {HETII and the National Council for Voluntary Organisalions INVCOI. The UK Operations Director is a member of the Donkey Breed Society. the Chartered Institute of Fundraising and the Institute of Legacy Management. Page 4 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 FINANCIAL REVIEW Financial position As at 31 December 2025, the charity had available unrestricted reseNes of £437.747.11 plus £1,621,341.50 in inveslmenls. A large proportion of these unrestricted reserves were allocated towards the new projects the tharity plans to implement during 2026 and beyond and as a Contingency to allow time to find new homes for the donkeys should anything happen lo the charity's sist8r organisations in Israel or the Occupied Paleslini8n Territories. The Directors are aware that these fvnds alone are not enough to cover the charity's planned &xpendtture for 2026 and so a robust fundraising strdtegy has been pul into place to ensure that future income continues lo increase. This includes continuing to engage the se￿l¢eS of a dedicated freelance fundraising consultant lo increase income and the nurn￿r of donors on the charitys database and the seNices of a PR consultant lo help raise awareness of the charity's wort. Year 2025 review Following a clean audit of the last nin& years. annual accounts thanks lo the implementation of more stringent financial Pro￿sseS in Israel and the Palestinian Territories. the Directors ol the Holyland Donkeys Trust and the Directors of Safe Haven for Donkeys in the Holy Land have continued lo 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 Hotyland Donkeys Trust. This type of company, which has similar lax status lo a charity, is stridy conlroiled by the Israeli authorities. Although the Holyland Donkeys Trust is based in Israel, ￿th Israeli and UK d1￿ctorS, Ihe UK directors appointed by Safe Haven for Donkeys in the Holy Land have the controlling votes regarding the overall poticies and running of the Israeli company. A company has also been set up in the Palestinian Territories lo allow for direct payment of wages to staff and funds to suppliers, Ihis is known as the'Donkeys Trust Co" In Egypt, fvnds are sent to our project partners. the local NGO 'AI Jlsrt who operate the work under the tide 'The Alan Project.. All three organisalions suppty audited a¢o)unls to Safe Haven for Donkeys in the Holy Land so that we can ensure our grants are being used for the purpose ft)r which they were given. We have continued to make progress towards implementing our strategic plan and achieved the following to date.. -set up Iwo new mobile clinics in Ihe Palestinian Territories lo &nable us to reach more wothing 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 was completed 2025 -continued lo deliver training on the ground to ownors 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 which currently consists of 2 mobile dini¢s wth a third lo be added in 2026 -set up a first ald rnobile dinic in the Gaza Strip Ygar 2026 onwards The Directors ol the UK charity have eontinued to monitor every aspect of the Holy Land Donkey Trust's work in Israel, the Donkeys Trust Co's work in the Palestinian Tenitories and the Atan Project's work in Egypt during the past year. The strategic plan continues lo be implemented with a new plan to be drawn up in 2026. Donk nd Horse w Ifa Page 5 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST OECEMBER 2025 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 that they serve. Changing mindsets around animal husbandry is one of the biggest challenges our teams. face although there is a very clear indication that the current model of delivering services is making a positive and lasting impad to animal welfare. Therefore, during 2026 we will continue to expand our 8clivilies in areas where working animals need our help. We w¢ll ensure our legms are given the necessary training and equipment lo cary out their tssks. radin th As the herd ages, numbers are starting lo fall and therefore. the need for extra space is not so pressing. 11 was therefore decided lo remain at the existing sile and a comprehensive programme of improvements was undertaken in 2025, including the provision of improved visitor facilities and repairs lo the roof. New Arrana f il. At the end of 2023, the donkeys which were housed al our clinic in Nablus (most of which were unwanted or abandoned by their previous owners) were transferred to a new facility in the Palestinian village of Arr8na. The possibility of buying land in the Palestinian Territorie$ is Qu￿n11Y on hold due to the current situation in the region. Research A ￿-part research project 901 underway in 2022 starting sorne work around the ￿Ople and communities who use our services in the West Bank. Through this we hope to better understand why working equids are so important lo the local economy, what the main barriers are to providing care and crucially, how Safe Haven can help to provide more infomiation lo improve welfare. The next phase looked more closely al the irnpact of our mobile clinics on the long-temi welfare of animals. AJI of this will inforrn our future strategy and ensure we foeus our resources to maximum effect. This project was cornpleled in 2025. Further researth work will be carried out in 2026 and beyond. Volunteers Safe Haven continu8s lo benefit from a specialist UK-based donkey vet who volunteers her services. We aim to lake advantage of this with ongoing regular visits to the sanctuary lo support our local veterinary team in ensuring that the resident animals are receiving the best possible care. Effectivenoss of fundrnlsing activltles The whole of the charity's income is derived from fundraising activities. The main focus is fundraising from individuals, the community and grant-maktng tnjsls. Th9 UK Operations Director has responsibility for fundraising from gr2nt-making twsts, encouraging supporters to consider leaving legacies, liaising with major donors, attending events, PR (giving tslks to local groups etcl, organising events. liaising with major donors. fundraising on social media and producing the charity's newsletter. The Social Media Officer has day lo day responsibilty for social media. Total income for 2025 averag8d just over £156,680 per month. the bulk of which was from legac¢es, donations received following the distribution of quarterly newsletters and donations as a result of Facebook activities. There were also donations Irom granl-making trusts, proceeds from events and donations and general marketing activities. Reserves policy The Directors operate a reseNes policy which they consider appropriate to ensure, barring unforeseen circumstances. the continued ability of the charity to Tneel 115 objectNes. The charity aims to maintain, as far as il is possible. a minimum of free reserves equivalent to al least six months expenditure coverage, up to a planned maximum of Nvelve months. This reserves levels lakes into account the charity's long-terni responsibility toward the rescued animals in the case of its sister organisations in Israel and the Palestinian Territories. Page 6 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 FUTURE PLANS After a very busy period, in whlch the amount of work being carried out in towns and villages across Israel, Egypt and the Palestinian Territories increased. priorities for the year ahead are.. Holyland Donkeys Trust: -To maintain the sanctuary lo ensure it contlnue$ tr) b8 a safe and secure home for the donkeys in our Care -To increase fundraising offorts in Israel in order to move HLDT towards long tem self-sufficiency Donkoys Trust Co.. -To continue our work in the towns and viltages of the Palestinian Terrilorles, inc1L￿ln9 the West Bank and Gaza -To carry out further research to help us underslat)d the impact of our work and how we can bring about long-tem) improvement to animal welfare through education Safe Haven for Donkeys In the Holy Land: -To increase fundraising and PR in the UK to better support the Israel. Palestinian Terrhories and Egypt organisations, work with equids in desperate need through working wth in-house stsff and fundraising and PR consultants as appropriale -To develop a new five-year strategy for the charity -To strengthen the charty's Board in order lo provide strategic leadership Egypt: -To increase the number of mobile dinic teams from 2 10 3 in order to reach even more equhjs, 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. govemment reprgS9ntalives elc to develop ways in which to raisg standards of the welfare of equids in Egypt STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming documant Safe Haven for Donkeys in the Holy Land is an uninLX)rporated tnjsl, consliluted 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, 2(Xh 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-profrt cotnpany, 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 lo the greater control this provides over activities in Israel. 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 Trust Co in the Palestinian Territories. Due to strict financial controls being in pla￿ both organisalions have had successful independent audits th81 meet legal requirements for the period January to December 2024. Recrultmont and appolntment of new trustsws The limited company 'S8fe 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 re￿1ve induction training on being elected to the Board and contsnued training on an ongoing basis through the chafty's Director meetings. Page 7 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Organisatlonal structure In the UK. the charity is run by the Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited. The charitls aims are fulfilled by making grants to the Israeli not for profit company the Holyland Donkeys Trust IHLDTI and to the Donkeys Trust Co in the Palestinian Territories. The Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited are also Dlrectors of HLDT. HLDT has three additional Directors Wendy Ahl {the charity's UK Operations Direclorl, Mr Mohamad Mussa and Dr Abed Zidan. Additionally, in April 2017, a third limited company Holyland Donkeys Trust (Wesl Bank) was set up to allow ft)r direct payment of salarigs lo Wesl 8ank staff. Ils Directors are Mr Haytam Massad and Mr Omary 8ader, accountant and lawyer lo the Holyland Donkeys Tnjsl. The Board of Directors of Safe Haven for Donkeys in the Hoty Land Trustee Llmlted are SUPF)Orted by the following members of UK staff-. o CEO Ipart time} o UK Operations Director {full lime) o Social Media Offi¢er (full timel o Administrats'on Assistsnt (part lime) In Israel, the Directors of the Holyland Donkeys Tnjst are supported by the f(Alowing staff.. o Isfael Operations Director (fvll timel and 4 full lime sancluaryloulreach workers In the Palestinian Territories, the Directors of the Donkeys Trust Co are supported by the following staff.. o Mobile Clinic Manager (veterinary surgeonl x 3 o Arrana rescue centre manager and 8SSiStant In Egypt, the Alan Project is run by the following employees of the Egyptian NGO Al Jisr.. o Veterinary surgeon x 2 {full lime) o Two farri9rs (full limel The project in Gaza is run by a setf-employed team of a manager, vet loch and assistant. In 2021. Mr Andrew Foxcroft resigngd as a Trustee and look up the part time interim role of CEO for a period of Iwo years from April 2021 wth the permission of the Charity Commission. The Board made Mr Foxcroft's position permanent in June 2023. The Directors hold regular meelirvJs to agree the broad strategy and areas of activity for the charity in Israel and the UK. There is an Israeli Management Team in place that is in regular contsct with the Directors of both Safe Haven for Donkeys in the Holy Land Trustee Limited and the Holyland Donkeys Trust on all operational and financial matters. There are a number of volunteers who give their time either at the sanctuary or in Israel or to help with fundraising in the UK and the Directors remain extremely grateful to all of these. The Mid Sussex Volunteer Fundraising Group was set up at the beginning of 2005 and Director George Russell and his wrfe have regularly been runnlng events in the Berkshirewiltshire area since 2005. 11 is hoped to conb'nue to expand the number of volunteers both in Israel and Ihe UK in the years ahead. At the end of 2025, Safe Haven for Donkeys in the Holy Land had seven patrons.. the Rl. Hon the Earf of Stockton, the Rl. Hon Ann WidderA)mbe DSG, Anthony Head, Peter Egan. Kay Burley, Jan Leeming and Desmond Lynam OBE. Additionally, il has a Royal patron. Her Royal Highness Prin￿sS Mexandra. The Hon Lady Ogifvy, KG, GCVO. The charity has registered with the Fundraising Regulator in order to demonstrate its Comm￿ent to best practice of standards in fundraising. Addilionalty. the UK Operations Director is a diploma-level member of the Institute of Fundraising Risk management Major risks to which Ihe charity has been exposed have been rev¢ewed and systems established to mitigate those risks. The charity has a risk management policy and a risk register which is revwed al each meeting of the Directors of Safe Haven for Donkeys in the Holy Land Trustee Limited. Page 8 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DEfAILS Registered Charlty numbgr 1083468 Principal address Unit 23 More House Fami Business Centre Dilchling Road Wivelsfield Haywards Heath West Sussex RH17 7RE Trustees M Eames {appointed March 2024 - Chair) L Evans lappoinled July 2025} M Hogg (appointed July 2025) R Ings (appointed 23 September 2022) L Riminglon lappoinled July 2015) G Russell (appointed March 20151 In September 2016, the Charity Commission gave pem)ission for the newly registered limited company Safe Haven for Donkeys in the Holy Land Trustee Limited110191425) 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 Lirnited although they continue lo be known as Trustees lo our donors for continuity purposes lo avoid confusion. Audltors Parkers Chartered Accountants and Slalulory AudiloTS 178-180 Church Road Hove. East Sussex BN3 2DJ Bankers HS8C pl¢ 125 Church Road Hove East Sussex BN3 2AN TRUSTEES. RESPONSIBILrrY STATEMENT The trustees are responsible for preparing the ResJ)rt of the Trustees and the financial staternenls in accordance wrth applicable law and United Kingdom ACc￿Jntin9 Standards (United Kingdom Generally A￿pted Accounting Practi￿> including Financial ReportirvJ Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Page 9 SAFE HAVEN FOR DONKEYS IN THE HOLY LAND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2025 TRUSTEES. RESPONSIBILIP( STATEMENT - contlnued Charity law requires the trustees to prepare financial statements for each financlal year. Under that law, the trustees have elected to prepare the financial slatements in accordance with United Kingdom Generally Accepted Accounting Practice {Uniled Kingdom AccL)unling Standards and applicable law). Under charity law the trustees musl not approve the financial statements unless they are satisfied that they gNe a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the charity for that period. In preparing those financial ststemenls. the Iruslees are required to select suitable ac(x)unting policies and then apply them consistently., obsetve the ￿ethOdS and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures dlsclosed and explained in the financial ststements., prepare the flnancial statements on the going concern basis unless It is inappropriate to presume that thg charity ￿11 continue in business. The truste9s are responsible for keeping proper accounting records which disclose wth reasonable accuracy al any lim¢ the financial position of the charity and lo enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the tx)ard of trus199s onao ￿ L2hiE": and signed on its behaEf by.. G Russell - Trustee Page 10 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Opinion We have audited the financlal statements of Safe Haven for Donkeys in the Holy Land Ilhe 'charity'} for the year ended 31st De￿rnber 2025 which comprise the Slalemenl of Financial Activities. the Balance Sheet. the Cash Aow Statement and notes to the financial slalernents, including a summary of sSgnificant accounting policios. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling Praclicel, induding Financial Reports'ng Standard 102 The Financial Reporting Standard applicable in tho UK and RepLtblic of Ireland.. In i)ur opinion the financial statements-. give a true and fair view of the state of the charity's affairs as at 31st December 2025 and of ils incoming resources and application of resour￿$, for the year then ended., have been propedy prepared in accordance with United Ktngdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.: and have been prepared in accordance with the requiremerrts of the Charities Act 2011. Basis for oplnlon We conducted our audit In accordance with Intemalional Standards on Auditing IUKI {ISAs IUKI) and applicable law. Our responsibillties under those stsndards are ftjrther described in the Auditors. responsibilities for the audit of the finanoal ststements section of tyjr report. We are independent of the tharity in accordance with the ethical requirements that are relevant to our au¢Jit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden¢e we have obtsined is sufficienl and appropriate to provide a basis for our opinion. Concluslon$ relatlng to going concom In auditing the financial statements, we have conduded 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 perfomied, we hav8 not idenlffied any material uncertainli9s relating to events or conditions that, individually or collectively, may Cast significant doubt on the charity's ability to continue as 90ing concem for a period of at least twefve months from when the finanaal statements are aulhortsed for issue. Our responsibilrties and the responsibiliti&s of the trustees with resp8Gt to going concem are descrlbed in the relevant sections of this report. Ottw infomiation The trustees are responsible for the other infornalion. The other infomiation compfises the infom)ation induded in the Annual Report. other than the financial statements and our Report of the Independent Auditors Ihereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise expliciuy staled in our report, we do not express any fom of assurance condusion thereon. In connection wlth our audit of the financial ststemenls. our responsibility is tr) read the other infomiation and. in doing so, consider whether the other information is materially inconsistent W7th the financial slalements or our knowledge obtained in the audit or otherwise appears to be materi81ty misslaled. If we identify such material inconsistenaes or apparent material misstatements, we are required lo determine whether this gives rise to a material misstatemenl in the financial slalements themselves. If, based on the work we have perfom)ed, we conclude that ther& is a material misststemenl of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are requlred to report by ¢xc•ptlon We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report lo you if. in our opinion.. the information given in the Report of the Trustees is inconsi8tenl in any material respect with the financial statements,. or sufficient accounting records have not b8en kepL or the financial statemenls are not in agreement with the accounting records and retums: or we have not received all the infomialion and explanat￿nS we require for our audit. Page 11 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Rgsponsibllltles of trusteès As explained more fully in the Truslees. Responslbllllies Ststement. the trustees are responsible for the preparation of the financial slalements which give a true and fair view, and for such inlemal control as the trustees determine is necessary lo enable the preparation of financial stslemenls that are free from material misstatement. whether due to fraud or error. In preparing the financi￿ statements, the trustees are ￿SpOnSible for ass6ssing the charivs abllity to continue as a goin9 concem, disdosing. as applicable, mallers related to going concern and using the golng concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic 81temative but lo do so. Page 12 REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SAFE HAVEN FOR DONKEYS IN THE HOLY LAND Our responsibilities for the audlt of tho financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and r8POrt in accordance th the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurants about whether the financial statements a$ a whole are free from material misstatement. whether due to fraud OT error, and lo 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 bMth ISA5 IUKI 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 reasonabty be expected to influence the economic decisions of users tsken on the basis of these financial statements. The exienl to which our procedures are capable of detecting irregularities, including fraud is detailed below= Irregularities, Including fraud. are instances of nonn8tions and1gga¢les 2025 2024 Staff costs Rent. rate$ and inSurar￿e Telephone Postage & stationery Sundries Travel Fundrnising Other office expenses Bank and credit card charges Depreciation 169,141 17,541 4,231 148,032 4,629 24,937 296.104 165.255 17,343 2.718 111,148 3.663 33,419 268,597 515 30,992 47,181 347 712.143 633,650 Other tradlng activitiès 2025 2024 Opening stock Purchases Closing stock 886 5,255 14631 920 4.572 (8861 5,678 4,606 Aggreg8le amounts 717,821 638,256 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see nole Support costs {see note 81 Totals Donkey sanctuary 1,012,737 27,114 1.039,851 GRANTS PAYABLE 2025 2024 Donkey sanctuary 1.012.737 960,246 During the year the charity paid grants to Holyland Donkeys Trust, a charity with tnjstees in Gomrnon, of £761,81412024.. £693.3291. Page 21 continued... SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 202S SUPPORT COSTS Govemance costs Donkey sanctuary 27,114 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31st December 2025 nor for the year ended 31 sl December 2024. Trusteès. Bxponsos There were no trustees. expenses paid for the year ended 3151 Dec&mber 2025 nor for the year ended 31st Decernbor 2024. 10. STAFF COSTS 2025 2024 Wages and salarfes Other pension costs 164,151 4,990 160.549 4,706 169.141 165,255 The average monthly number of employees during the year was as follows.. 2025 2024 UK staff Th6 number of employees whose employee benefrts {excluding employer penston costs) exceeded £60,000 was: 2025 2024 £60,001- £70,000 Page 22 continued... SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31ST DECEMBER 2025 11. TANGIBLE FIXED ASSErs Computer equipment COST Al 1 sl January 2025 Additrons 10,912 1.051 Al 31st December 2025 11,963 DEPRECIATION At 1st January 2025 Charge for year 10.912 347 At 31st December 2025 11.259 NET 8OOKVALUE At 31 sl December 2025 704 At 31 st December 2024 12. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At 1st January 2025 Additions Disposals Revaluations 797,742 964.526 1933,280) 34,622 At 31st December 2025 863.610 NET BOOK VALUE Al 31st December 2025 863,610 At 31st December 2024 797,742 There were no investment assets outside the UK. Cosl or valuation at 31st De*mber 2025 is represented by: Listed investmgnt Valuation in 2025 Cost 48,318 815.292 863.610 Page 23 continued... SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS- continuad FOR THE YEAR ENDED 31ST DECEMBER 2025 13. STOCKS 2025 2024 Stocks for fvndraising 463 886 14. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepayments 135.843 15.154 36,833 63.551 150,997 100,384 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Social security and other tsxes Other creditors A¢¢ruab and deferred income 4.160 2.222 13,561 3,563 2,166 39.365 19.943 45.094 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Totsl funds Unrestricted fuftds Restrfcted funds Fixed assets Investments Current assets Current liabilities 704 863,610 1,319.937 119,943) 704 863.610 1.327.737 (19,943) 797.742 1,237.327 145,0941 7.800 2,164,308 7.800 2.172.108 1.989.975 17. MOVEMENT IN FUNDS Net movement in funds At 31112125 At 111125 Unrestricted funds General fund Fair Valu8 Fund 1,968,479 13.696 147.511 34,622 2.115.990 48.318 1,982.175 182.133 2,164,308 Restricted funds Equipment Fund 7,800 7,800 TOTAL FUNDS 1.989.975 182.133 2,172.108 Page 24 Jntinued... SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST DECEMBER 2025 17. MOVEMENT IN FUNDS. continued Net movement in funds, included in the above are as follows- Incoming resources Resources expended Gains and losses Movgm8nl in funds Unrestrfcted funds General ￿nd Fair Value Fund 1,880.238 (1,757.672) 24.945 34.622 147.511 34.622 1,880,238 {1,757.672) 59.567 182,133 TOTAL FUNDS 1,880,238 {1,757.6T2} 59.567 182,133 Comparatlves for movernent In funds Net movement n funds At 31112124 Al 111124 Unrestrfcted funds General fund Fair Value Fund 2,078.967 1110.4881 13,696 1,968,479 13,696 2,078.967 196.7921 1,982.175 Rèstricted funds Equipment Fund 7.800 7.800 TOTAL FUNDS 2,086,767 196.7921 1,989,975 Comparatsve nel movement in funds. induded in thg above are as follows: Incoming resources Rèsoure05 expanded Gains and losses Movement in funds Unrestrictad funds General fund Fair Value Fund 1,515,116 (1,625,604) {110,4881 13,696 13,696 1,515,116 11,625,604} 13,696 196.7921 TOTAL FUNDS 1,515,116 (1,625,604> 13,696 196,7921 The equipment fund is due to several donations from several donors which were spwfically earmarked for the purchase of equipment in Israel. Page 25 ontinued... SAFE HAVEN FOR DONKEYS IN THE HOLY LAND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2025 18. RELATED PARfi DISCLOSURES During the period the charity paid grants lotslling £761.814 {2024.. £693.3291 to Holyland Donkeys Trust a not-for-profil company registered in Israel and Donkeys Trust Co a not-for-profit company registered in the Palestinian Territories. Both enlilies have directors in common with Safe Haven for Donkeys the Holy Land Trustee Limited (the corporate trustee of Safe Haven for Donkeys In the Holy Land)- Page 26