Official
COMPANY NUMBER:06035040
CHARITY NL'MBER: 1118277
IIYTEILNATIO.NAL AYIMAL RESCUE
(LIMITED BY GIARANTEE)
REPORT OF THE TRLSTEES
AND FIN.4JCIAL ST.4TF.MI ENTS
FOR THE YEAR Ery)ED 31ST DECEIMBER 2021
4LRE
Dedicated ¢0 ibe rescue and rehabilitatioD of suffering animals
IV1..11trttXtIo1aniMaIrescue.o
INTERNATIONAL A.Tr*IMAL RESCUE
(LIMITED BY GLARANTEE)
REPORT OF THE TRUSTEES AND FIYANCIAL STATElfENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
CONTF.NTS
P3ige
Legal and adMiniratIve infornjation
Repon of the tn]siees
2- 12
Report of the independent audiiors
13- 16
Statement of financial activities
17
Income and e¥penditure account
Statement of Comprehensive income
Balance sheet
19
Cash flow statemeni
20
Notes to the financial statements
INTEIL¥4ATIONAL ANIMAL RESCUE
(LIMITED BY GUARANTEE)
LEGAL AI¥D ADMiNIST]L4TIVE INFORMATION
Registered eompany number:
06035040
Registered charity number:
1118277
Trustees:
P G Bennett M.A. (Honsxcantab) Dip.Ed. (NZ)
- Chairman
P Cassar BSc{Hons) BDS
L Milclla BVCC DipEVDC MRCVS
A Bruce
Chief Executive Officer:
A Knight OBE BSc(Hons)
Chief Financial
Operating Officer:
G Bruce
Registered Office:
Litnc House
Regcnc). Close
Uckfi¢ld
Easi Sussex
TN22 1 DS
Statutory Auditors:
Clark BroMryJscombe Limited
Chartcred Accountants & Statutory Auditors
2 St Andrcws Place
LeiN'es
East Sussex
BN7 IUP
Prin¢ipal baDkeT5:
The C(koperative Bank plc.
242 High Street
Exeter
EX4 3QB
Solicitors:
Bennett, Gri1 LLP
Shelle). House
23 Wanvick Street
Worthing
West Sussex
BNII 3DG
Investment Adi'isorn:
Rathbone Greenbank Invesu))ents
l O Queen Squa
Brisiol
BSI 4NT
Pag¢- I
INTERNATIONAL A'IMAL RESCUE
(LIIMrrED BY GUARAYTEE)
REPORT OF THE TRLTSTF,F.S
FOR THE YEAR ENDF.D 31 DECEMBER 2021
11Je Trustees have pleasure in presenting their annual re)rt and rtnancial statements for ihe year ended J I st
December 2021.
Structure
International Animal Rescue {IAR) is a company limited b), 8uaraniee and is a registered ¢harity. It 15 governed
by its Mcmorandum and Articles of ASslatIon dated 2 1st December 2006.
The I'ruslees of the chariiable company arc its truslees for the purposes of Company Law. Throughout Ihis
report they are collectively referred io as Trustees.
Legal and administrative infomiation set out on page I fom5 part of this report. The financial statemenls
comply with current slaluiory requirements. the Memorandutn and Arti¢l¢s of Association, the Companics Act
2006 and Accounting and Reporting by Chariiies.. Siaiement of Rccommcnded Practice applicabl¢ lo ¢harilies.
Ilistor). #nd Form41ion o( InlernatiODxI Anim#l Rescue (Limited bTr Guaraniec)
On I si January. 1008 Ihc nLt asscis of Inicrnaiional Animal Rcscuc ('l-he 'l-ill)¢r l.oundaiion) were Iransferrcd
into the company whose ncw charity number is 1118277. Internalional Animal Rescue was origjinally
regist¢red with Ihc Charity Commission in 1989 under charity number 802132, which iCAMe domlant aftcr
th¢ ¢han8c in structure in January 2008.
Re¢ruitmenl of Truslees
In accordance w iih ihe Articles of Association. the number of trustees shall be no le5S than three but are not
subjcci io any maximum.
Ncw truslccs may be appoinlcd b). ordinary, resolulion. Every new Irusle¢ shall sign in the minuie book a
declaralion of acceptance and of 1]1]nSneSS lo a¢1 as a trustee of ihe Charity.
Truste¢s are r¢¢ruit¢d a5 required or when a parti¢ular skill gap is idcntified. Trustees ar¢ sel¢¢ted bascd on
what they Can coniribuic io the Charit).. Trustees n¢¢d lo bc prepared to take an active part in thc running of
thc Charity and thcrcforc need io be able - and willin8 - to give time to the efficienl administralion of the
Charity arkd the fulfilment of its objeciives.
Prospective trustees are rcquired to consider whether there would be any possible conflicts of interest if Ih¢y
w¢r¢ lo be appointed as a Irustee. It is particularly imFK)rtani that the individual is free to make a full
¢onlribution to th¢ trustccs, discussions and decisions.
When recruiting new Charily trustees, the existing truslees ensure ihey undcrsland the purposes and aims of
the Charity, as well as thcir broader duties and responsibiliiies as tru5iec5 SO that they are able lo explain lo
pro5Ctiv¢ trustees .hat is required of them.
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[TEllA TIONAL ANII¥IAL RE.SCUE
{LI.MITED BY GL'ARLNTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR EINDED 31 DECE,MBER 2021
OrgAnisation and Man8gement
In tcrnjs of organisational structure the Truslees are responsible for the siraiegic direction of the Charity,
governance and ¢harting performance against ihe budgei which is prepared annually. Investment decisions
regarding the funds of the Charity. as well as decisions regarding expansion into new teilorieS are made by
the '[ rustees.
The Chief Ixccutive is responsibl¢ for the day to day operational management of the Charily, rewrting on
progres5 10 the -I'rustees at the scheduled Trustees. meetings. If ihere are cxlraordinary issues thai need ¢0 be
broughi to the attention of the Trusiees, extrd meetings are schedulcd as required. The Chief Execulive is
responsible for maintaining relaiion5hips wilh partner charilie& $ff managemen( recommending projects lo
the Trustees and annual financial perfomlance.
I'he Chief Executive is supponed by a small management team who are responsible for functional areas wiihin
the Charity. Th¢s¢ funclional heads provide periodi¢ rew)rts for the 'frusiees.
Arrili*les
IniLmaiiortal Animal Rescue is affiliaied and provides fundin8 to several other independent groups. Yayasan
IAR Indonesia runs primate rescue and rehabililation centres in Java and Born, Indonesia; International
Animal R¢s¢ue Cosia Rica runs our wildlife protection effort in Cosia Rica; International Animal Rcscuc
USA s¢rv¢s Ihc North American tcrritory with educaiion and infomialion relating to ihe proje¢ts that
Inlernational Animal Rescue supports. As a group. the indcpendcni Iniernational Animal R¢Kue Charitics
share Common goals and objeciives.
P8rtners
In addiiion to the atTiliaie group, International Animal Rescue also works very closely with several
Int¢rnalional partner organisations. International Animal Rescue is a major fundcr of Wildlife SOS (India)
who are responsible for ihc Dancing Bear Project in India. In addition, Inlcmational Animal Rescue providc5
funding for lis panncr Catsstrophcs Cat Rescue. which provides Care for oldcr and unwell cats in the UK.
Other partner gTrroups are FPWC (Armenia). British Divers Marine Lif¢ Rescuc (UK), Easi Sussex Wildlifc
Rescue and Ambulanc¢ Service (UK), Animal Protection Agency - APA (UK), Goan Strays Ilndia) and
Friendicoes SLCA {Indial.
Risk Management
I'lic -1 rustees hai'e prepared a risk assessment dUment for the Charily. This covers risks regarding data,
coniinuity. succession and liability.
The trustees revi¢w the major risks to which ihe Chariiy is exposed on 8 regular basis and systems are
implcmented whenever possible to miligaie ihese risks. Th¢ Trusi¢¢s believe that thcrc is a satlsfactory system
of internal controls whi¢h are also reviewed on a regular basis.
Objeetivos
For the benefit of the publi¢ lo.. (a) relieve the suffering of animals in need of care and aiten(ion and to
provide rescue facilities for the reception. care. rehabilitation and reintroduction back into the wild of such
animals; (b) promoie ihe COnrI.a110n, protcction and improTr'cmcnt of thc ph)'sical and natural cnvironmcnt
and support the development of Susthinable ecosystems.
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IYTERNATIONAL ANIMAL RESCUE
(LIMITED BY GUARTEE)
REPORT OF THE TRL'STF.F.S
FOR THE YF.AR ENDED 31 DECEMBER 2021
International Animal Rescue works with expert affilia and partner groups on projects that will make a
significant impacl on animal welfarc and consetvation issues. The Charity engagcs with local and national
8overnmcntS internationally, as support from the stat¢ combined with efforts on the ground gives the various
projecis the best chance of success.
The main objectives for 2021 were:
Ikvelop holistic miligation stralegies to protect wildlife. habitats and the natural environment.
Work .]lh Wildlife SOS {India) to provide safe sanctuary for the reUed dancing bears in India and
¢ontinue lo rescue kars thai are threaiened;
Support thc rchabiliiaiion and release progrdm of macaques in Indone5ia'
Work to mitigate the illegal pet tradc in Indonesia as M'ell as continue ihe rescue. rehabilitation and
rcl¢ase of the slow loris..
Continue and moniior the orangutan release programme;
Continue the (ireat Bear Rescue programme for Arnjcnia;
Develop our wildlife protection work in Costs Ric<
Coniinuc to support Catastroph¢s Cai ReuC in ihe UK.
Continue lo sustainabl>' groM' Ihe UK charily in an ¢I¢l¢DI manncr. increasing fundraising capacity
wilh minimal increas¢ in overhead.
Develop digilal supp)rter strategies io reflecl th¢ importance of digithl media and social network5.
Public Benefit
In ¢onsideraiion of The Charities Act 2011 definition of charithble purpose. Ihe Trustees of International
Animal Rcscue consider ihai ihc objectives and actil¥ities of the Charity are for the public benefil by supporiing
th¢ advancement of animal welfare. In setting the programme each year ihe Trustee5 have regard to both the
Charity Commission's general guidance on public benefit and the advanccmcnt of animal welfarc forthe public
bcncfil. Th¢ -frust¢¢s always cnsure ihat ihc programmcs undertaken are in line wilh the charitable objective5
and aims. The actii'ities. which ar¢ de5¢ribcd in more detail in a separate section bclow, covcr the following
charitable purposes for publi¢ ner11.
promoling kindness and io prevent or suppress cruelly to 8nimals-
building and fundin8 animal sancluari¢s in the UK and oversea5;
provision olveterinary care and trcatmcni io animals:
care and re-homing of animals ihat are abandoned, mistrealed or lost.
conservation of endangered wildlife;
mitigation strategies of thc illegal wildlife trade;
Spaying and neutering proj¢¢ls for feral animal control.
rescue, rehabiliiaiion and rel¢ase of wild animals. and
conserving habitats and protecting the natural environment.
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IYTERI%ATIONAL AliIIL4L RESCUE
(LI.MITED BY GL'ARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
R¢view of actii'ities
I'hi5 Section provides an oveNiew of the various programmes that ar¢ supported by International Animal
Rescue.
Ai International Animal Rescue. our vision is of a world where humarks and animals coexist in 5UStainable
ecosystems. The team see first-hand the impact of humart aciivitj. and climate chang¢ on precious ecosysteins.
Flabitat loss is one of the mosi critical factors impaciing biodiversily. One of ihc biggesi threais io ihe survival
of oiher species on the plan¢t. is Ihe raie ai which humanity is transfomiing the natural landscape, through
building roads and cities, and convcrting land to gro. f(M)d. IAR, missioli is to build awareness and pul
effective systems in pl¢ so that habitsts and animals are prolecled.
Covid-19 Pandemic
As in 2020, the impact of ihc coronavirus pandemic continued throughoui 2021: IAR's projects adapted during
the previous year to ¢ope 1th ihe challenging conditions. Graduall),. vaccines w'ere rolled out around th¢
81obe and communities siarted to move loardS a new nornial. Government imposed lockdowns prevailed
throughout the year as the economy went through a stoplslart pKKess.
Travel rc5tri¢tions and high costs of matcria15 continued to have a significant impact on the projects. At ihe
same time. as restrictions were eased. IAR had io remain exlrn vi8ilani io the risk of infection lo staff 4nd ih¢
animals in lis carc.
The Omicron variani emerged in lale 2021 and conlinued io cause disruption and concern. As the silualion
changed, plan5 had to change loo. Any mcdium-l¢rn] planning has become a real challen8e wilh ¢vents often
¢anc¢ll¢d ai short notice.
Thc Trustccs of IAR arc immcnsclv grnteful to all the staff and volunleers at our projccts for their continued
efforts prole¢ting animals and habitals in such unprecedenied condiiions. and lo our supponcrs who have slood
by us during ihis challenging lime.
Or*ngutAn Conserv*¢ion
Since ?009, Ini¢rnalional Animal Rescue Indonesia has had an agreement with the Indoncsian Ministry or
Environment (KLFIK) to rescu¢ and rehabilitate ihc ¢riticall)' endangered ordngutans of Western Borneo. The
IAR Orangutan R¢s¢ue and Rehabiliiaiion Cenire in Wc51 Kalimantan is ihe hub for the ordn8Utan ¢onservalion
effort. The work ¢arri¢d out is in partnership wilh the Kl.IIK and divisions of the Natural Conservation Agency
BKSDA.
The ultimate goal is to keep orangutans in the wild and protect habitats such that they are not displaced and do
not need io go through the rescue. rehabilitstion. release process. Due to the success of IAR Indonesia's long-
tcmi holisiic miligation slratcgie5. the number of orangutans being rescued has reduced considerably. IAR is
dcvcloping holistic projccts that engage government authorities. local communities and commercial businesses
to develop sustainable projects that protect species and habiiais. thus preventing biodiversity loss and reducing
greenhouse gas emissions.
Although peatlands col'er less than 31J/o ofglobal land surface, estimates suggest that peatlands contain twice
as much carbon as the world's forests, and so peatland conseTr'ation 15 crucial io storing carbork. Maintaining
healthy peatlands also helps to lessen the impact of climate change bj. regulating water flows, reducing
flooding. droughts and fires.
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INTEILNATIONAL ANIIMAL RESCUE
{LI.MITED BY GLIARAYTEE)
REPORT OF THE TRLTSTEES
FOR THF. YEAR ENDED 31 DECEMBER 2021
IAR is working io conserve deep peat forests. w'hich are the habiw of sotne of the world.s most important
species.. this has the double benefit of protecting biodii'ersity. and combating climate change.
Over many 'earS IAR Indonesia has de.elOped mitigation programmes h1¢h, when combined have a tangible
benefit to the sur¥ ii.al of the species. The conser¥'ation strategies are closcl)" aligned to the UN'S Sustainable
Development Goals ISDGS.)
These include:
reducing illegal w'ildlife trade:
forest pairols lo reduce lh¢ risks froTn fire and illegal logging-
sustainable land use sErategies;
reforestation and tree planting-
mangrOe restoration;
deep peat proie¢iion and resloration:
orkin8 M'ith local communities on praciical solutions to reduce human impact. such as alternative
livelihoods. communits" enterprise. schooling and scholarships. organic farniing and f¢mal¢
eMp0eM1en1.
reintroduction into the m.ild of endang¢red w'ildlife to rebuild threatened pUlatIons.
human- ildlife lonflict miligation.
IAR Indonesia has implemettted a funded management plan pro¢¢¢i a l 00.000 acre deep peat forest. home
to c 1.000 "lEd oranguians, Mhich "aS thatened bi fire, illegal logging or coni'ersion.
During the )ear. the 1.4R released ?0 orangutans. most of H hich had been through a length%. rehabilitation
process at the IAR Orangutan Rescue and Rehabiliiaiion Cenire in 'eSt Kalimanian. Mosi of these animals
ere released into the remote Bukit Baka Bukit RaN"a Naiional Park in Central Bomeo. M'here IAR has a
permanent camp to monitor the progress of the released oranguthns.
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IIITEILNATIOIYAL AliIMAL RF.SCUE
(LIMITED BY GUARANTEE)
REPORT OF THE TRISTF.F.S
FOR THE YEAR ENDED 31 DECEMBER 2021
Ille%al Wildlife Trade
In r¢cent )'ears (he impact of the illegal wildlife trade on species has reached unprecedented levels. li is
esiimated to be worth up to $23 billion a )'ear and rcpresenis a threat to the very existence of some of our best-
loved species including rhinos, ligers. elephants and pangolins. Urgent aciion is needed io address this crisis.
lo help countries control FK)aching on ihe ground as w'ell as to tske steps to reduce the demand in consumer
¢ounlries which is uliimately driving ihe trade.
In 2021 IAR mounled an online ¢8mpaign to raise aH'areness of the issue using ihe siories of animals rescued
by our various teams. Ihis included a langur monkey thai was r¢%ued b). the Naiural Resources Conservation
Agency and IAR Indonesi< which had been kepl as a pei and an orange chinned parakeet in Costa Rica thai
had ils beak ¢lipped to make it easier io handle as a pet.
Indian Dancin2 Be*r Projec¢
Inicrnational Animal Rescu¢ has been working with lis partner Wildlife SOS (an Indian charity) sinc¢ 2002
on a project thal endcd the Irade of dancing bears in India. Th¢ pannership has built up 3 sai)ctuaries across
India to ac¢ommodaie ihc rescued 'dancing' bears; in addition. a ¢ommunily prograinm¢ has been devised to
support the Kalandar people who once relied on the bears for their income. During 2021. IAR provided £473k
ol. funding lo this project.
Th¢ Kalandar people have had vocational iraining and financial support io establish ihem into new professions.
In addition. thc communities ar¢ supwned w'iih sch<)olin8 and education such that they may have a brighter
future.
It was widely reponcd ihat the tklts variant of Covid 19, which was originally identified in laie 2020, had a
dcvasiating impact on many coinmunities. especially in India. some memr5 of the Indian Elcar Rcscue Team
were affectcd. With the help of its suprK)rters, IAR is was able to suppon Wildlife SOS and ils Icam through
the emcrgency sltuation by providing funding for essential oxygen ¢quipment lo treat the staff.
In October 2021, with the support of IAIL Wildlife SOS was able lo help a wild femal¢ sloth bear that was
caughi in a snare. F4er paw had bccome gangrenous and the voung bear s body was emaciaied and
dih)'drated from lack of food. 'fhc bear M'as taken to our Bannerghaiia Bcar Rcscuc Centre for trcaimenl and
rehabililaiion.
IAR has an ongoing commilment io provide the best possible care for the 197 rescued bears (as at 30 November
2021) for ihc rest of their lives. The financial commitmeni to the bcars is significanl as the food, enrichment,
veterinary and medical ¢xpens¢s are considerdbl¢.
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INTEKNATIONAL ANIMAL RESCUE
(LIMITED BY GUARAwfEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
Slow loris conserYatiOD
Inlernational Animal Rescue Indonesia op¢raies one of ihc only dedicated rescue and research c¢ntres for the
slow loris, a ¢riti¢ally cndangered nocturnal primate. -the IAR Primaie Rescue and Rchabilitation Cenire is
located near Bogor in Java. Most of ihe animals ai ihe centre have been confiscated from the illegal exoti¢ pet
Irade. Little is known about these primaies. researchcrs and studenis from various universities w'ork with th¢
IAR team io conduct studies inio habithi, diet. khaviour and ecology. A release programmc has been
implemenied whereby rele¢d animals are moniiored in the wild usin8 radio trn¢king equipment.
IAR has an active Wildlife Proteciion Team. This unit investlgates Ihe illegal pei trade, including the trade in
Slow IA)rises. It is a collaboralion with the police and Minisiry, of Foresi and Con5crvation. Whenever possible.
the team gathers evidence to ensure successful law enforcement and. when appropriate, proseculion.
In July 2021, fourtccn endangered slow lorises were released in the Bukii Barisan Selatan National Park in
l.ampung, Sumatra. 'l-he release operaiion was conducied by the West Java Forestry Dcpartmcnt. the 14ead
Office of Bukit Barisan Sclaian National Park, Bengkulu Forestry. Dcparthicni and IAR Indonesia. 'I'he
primates had all been surrendered by mcmbers of the public the Foresiry Departmeni in Wesi Java and Jakarta.
MAcAque Welfgre
Intcrnatioiial Animal Rescue Indonesia has a project to Rescue. Rehabililaie and Release macaques. These
animals are 8¢ner8lly r¢scucd from the pet ir8de. Thcy are treated at thc rcscuc ccntrc in Java io bring them
back to health, st¢rilis¢d and ihen slowly socialised into 'lroops' that can be released inlo uninhabited forcsi to
livc oui iheir lives in ihL' wild.
Ma¢aquc5 arc often considered a pesl and. if no sensible ¢onlrols are in place, the>. can coinc inio conflicl with
human populations. In 2021. IAR continued its work in r¢laiion io human - macaque conflict in Jakarta such
that Ihc community is aware how io mitigate conflict situations, su¢h as no feeding and rubbish control
(including macaque prf birts).
Cat rejcue
IAR supports Calastrophes Cat Rescue, which offers a 'lasi chance refuge for older cals that il would
otherwise be difficult to find a home for. When cats a1Ve, Ihey may simpl>. have problcms with ihcir dict or
perhaps have an underlying health problem ihat needs attention. All the cal5 rcccive cxpcrt vctcrinary carc.
There is a small veterinary svrgery on site where simple procedures can be administcrcd. As Cals grow oldcr
the). often suffer from dental dis¢as¢ M'hi¢h ¢an make iheir lives miserablc, leading lo a rapid loss of condition
as they find it d]icUlt to eal. The daily rouline of ¢l¢aning, feeding and tncdication continucd througli the year
thanks to Catastrophes. d¢di¢at¢d group of wers.
Costa Rie*- Howler Monkeys
IAR Cosia Ri¢a is located on the Pacific Coast in ihe lon of Nosara and is dedicated io prolecting wildlife in
Costa Rica with particular attention to Howler Monkeys.
Thc main issue in and around Nosara is wildlife electrocution. Due io uncontrolled residential developmcnl.
thc trees are being removed and oierhead electric cables are being installed. The monkeys use the cables as
replacement arboreal routes. Unfortunately, in man), situations, the electrical apparatus is not insulated and tl)e
monkcy5 suffer from clcctrocution. Very oftcn. the adult5 are scN'crcly injurcd or killcd outright- however,
somctitnes, thc infants (which cling to thcir mothcr5) can surviwc. Aftcr cm¢rgcnc)' m¢di¢al aid, tr¢aim¢nt and
a lengthy process of rehabilitation, the aim is to r¢lca5e Small troops of young adults back into th¢ wild.
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ThTEIL)ATIONAL ANIMAL RESCUE
(LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
IAR entered into an agreement with the Nosarn Civic Association (NCA} for a fivc-acre foresled piece of land
to locale a new. purpose built. rescue ¢¢ntre. 'The land is within a large se¢tion ofihe NCA parklands, which
protected from development so, alihough it is close io the lo1.n, it will be p¢accful for rehabilitatioi)
purposes. During 2021. JAR obtained all the necessary, pemiits and perniissions io go ahead with the
construction: however, due to a moraiorium imposed on the eniirc lown by the w'aicr regulator, no wa¢¢r
p¢mJit5 could be issued which. unfortunaiely. has causcd a delay. IAR now hopes to ¢omm¢ncc work later in
2022.
The IAR Costa Ri¢a leam continue5 to work with ihe authorities lo develop strategies for mitigation and
prevention. For the last year. IAR has been part of a commission for the prevention of elecirocuied '11d1]fe
("Comision para la Preve¥Jcion y Atencion de elecirocuciones dc fauna") which was set up by the fom)er Vice-
minister of Environment and mccts monihl),. The commission is being managed by the technical director of
SINAC for the 'l'empisque Conservaiion Area io facilitate Collaboration bcN'een MINAEISINAC, the
elLctricity providers and NGOS such as IAR. As a resuli. Ihe main ¢leciric company, ICL, pledged mor¢ support
for the mitigation process whi¢h led io a lar8e insulation operation thai secured 49 transforniers at Playa Pelada
iii Nosara.
The 2021 statistics for IAR Costa Rica are as follows..
Toial Anima15 Received.. 380 {227 mammals. 126 birds, 27 reptiles)
Toial Different s¢1¢$ Rcceivcd.. 70 {20 mammals, 42 birds. 8 reptiles)
Total E.. mergency Calls Recei%'cd.. 803
Total Elcctro¢ulion Rcports (Calls).. 117 (113 howler monkeys. 4 squirrels)
Total Numkr of Electrocuted Animals Received.. 39
Totsl Animals Released.. 114 (70 mammals. 35 bird& 9 rcplilcs. (29 howler monkeys, 14 of them were
elcciroculion palicnts
Armeni4 Be#
I lisioricall)., '11d bcar5 have been illegally caught or trdpped by poachers in Amienia. Once captured. many
of them end up in small. squalid ca¥Tres in resiaurants and other publi¢ Cntcnainmcni venue5 as a tourist
atlraction. Some arc kept in bus dcpois, oihers are hiddcn from view in dark cellars. Some of the bears are
mcnlally and physically damaBed by th¢ boredom and frusifaiion of their mis¢rable existence behind bars.
The bears in Arnienia are Syrian Brown Bears (Ursus arcios s)Tiacus}, one of the smaller sub-species of brown
bear. l-h¢y are found in the mountainous are&s of the couniry ,here they forage for fruits. berries and insccis
in the mcadows and forests and hibemale in caves and ircc hollows. Their barren prisons arc a far cry from
their natural home in the forest.
Many bears are being kept caplive in miserable condiiions across Arnienia, includin8 in the ¢apital city of
Ycrcvan. Some haie been in¢awerated for years in cramped cages with scarcely any food or water. I'heir
environment mcels none oftheir psychological or phy'sical nccds. They have very. little spac¢ to mov¢ around
in. They are given unsuitable and inSU]¢1¢nI food and no cnvironmental enrichment lo distract and amuse
th¢m. The bears have been deprived of their dignity and their freedom. They lack everything thes need io live
life as nature intended.
In October 2017. in conjun¢iion with local partners FPWC, International Animal Rescu¢ laun¢hed a new
campaign to help these suffering bcars. Thc Grcat Bcar Rcscuc aims to free them from their suffering and,
after thorough veterinary chccks and assessment. rehabilitate and e%'entuallv release those thai are physi¢ally
and mentallv equipped io fend for themselve5 in the '11d. Those that are not viable for release w'ill be given a
pernianent home in sanciuaries where they will bc well cared for, well fed and have the freedom to express
natural bear behaviour.
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I.TER,AT1OAL ANIMAL RF.SCUE
(LIMITED BY GUAIL4NTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR EI¥DED 31 DECEMBER 2021
By ihe ¢nd of 2021. conjunciion with FPWC. IAR have rcscued over 30 bcars from their cramrKd cages.
The rescued bears are now being ¢ared for al a new purpose build rehabilitstion cenire in the South Caucasus
mountains of Amenia.
As previously rewrted, Ihe existing facility is nom. ai full capacii).. A new siie has been idenlified and plans
are in place to a¢quire the sile in early 2022 and commence constru¢lion laier in the year.
Future plans
ThL soLial and economic impacts of ihe Covid 19 pandemic have been significant. With economic uncertainty
in ihe UK there is greater financial risk to the organisaiion than previously. IAR will coniinuc io mlM]Se all
hannels of comtnunication with lis supw)rters, especially digi1 opportunities. Th¢ full impact of the Covid
crisis is a big unknowTL. This has a material impact on our projects and our ability to raise funds.
IAR is well re¢ognised for its animal welfar¢ work; however, a huge amount of IAR'S effort is now about
'ider protection stratcgie5, conservation and environmenial mitigalions. IAR has alw'ays focussed on the ruot
cause of problems bui. Ihis is now embedded into a Theory of Change approach wh¢re, to d¢livcr thc goals.
pre-d¢fined oulcomes are described and th¢ activities to deliver ihosc OUtcom¢s arc identified and measured.
I'hese stral¢gies run across all of IAR'S projecls and include: regulaiory change, alt¢rnaliv¢ livelihoods,
edu¢alion, habiiat resioration, invesli8aiions & law enforcement. landscape management, environmental
services and reintroductions. Durin8 ?02? and beyond, IAR will reach out lo a wider audience io engage on
these wider eonscrvation and environmcntal aciivitics.
As part of this work IAR ][1 be looking closcly ai ihe upcoming Second part of the UN Biodiversity
Conlcrcncc (COPI S). The world has so far failed io meet any UN targets on halting the loss of nalure, yel
awar¢n¢ss of ihc challenge is grcater than ev¢r. It is esseniial ihat world Icaders agree strict goals to slop
biodiversity collapse.
During 2022, IAR will progress the construction projects in Cosla Rica and Arnlenia.
Investments
Th¢ Lharity's equity investments are managed by Rathbone Gre¢nbank's ethical investment team according
lo the objects of the Charity.
Having been affecied by the Covid pandemic, the rnarkels r¢¢overed and strengthcncd during 2021. Trustees
have always IcM)k¢d to slrikc a balance bctwcen equities and interest-bearin8 bonds. Overall, the equity
Componenl of the portfolio experienced a capitsl gain of £613k in 2021 (a realised gain of £87k and an
unr¢alised gain of £5?6k). The fund gencraicd £79k of income through inierest and dii'idends. Thc hangover
from the pandemic is still with us and since the year end, global supply ¢hain issues and the war in Ukrain¢
have ¢au5ed more uncertainly. There are global inflationary pressures and central banks are reaciing by
increasing inlcrcsl raics- as such, thc markets remain highly volatile. IAR ,111 monitor this closcly with its
advisors, Rathbonc Grccnbank.
Financial Performance
Incomc in 2021 wa5 slightly higher in 2021 at £3,95 Ik (2020 £3,898k). In 2021, IAR received a £SOOk grant
from the Michael Urcn Foundation to support ihe construction of the new wildlife rescue ¢entr¢ in Costa
Rica. this follows man). J'ears of generous support from the Michael Uren Foundation for IAR'S work. for
which the Trustees are extremel! graleful. Legac income was strong at £1.38 Ik. £250k higher than 2020.
IAR'S other fundraising channels were slightly low¢r than 2020 reflecting the pressure on individual giving.
Page: l O
INTEILS'ATIONAL ANIMAL RESCUE
(LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitable e¥pendiiure was slighilj. higher in 2021 ihan lh¢ pVIouS year at £3,433k against £3,363k in
2020. Direct SUprt to ihc Projects %¥as Èncreased in 2021 ai £3,147k. Fundraising cosis were broadly
unchanged from 2020 at £443k (2020.. £450k). As discussed aboi'e. there have been d¢lays with the
construction project in Costa Rica- therefore. the rcstricted income for the new facility in Costa Rica was
tllainly unutilis¢d in 2021.
The Charity experienced an operdting surplus in 2020 of £54k {Unr¢stricied loss of £394k and Restricied
surplus of £448k). Overall. there "aS a totsl recognised gain for the year of £686k- this in¢ludes thc
unrealised gains on investments (as described in thc invcstments se¢iion abovc) and gains on foreign
¢xchange contracts.
Reserves
Thc global economy remains precarious with the hangover from pandemi¢ still impacting all markels. For the
UK, the full impact of the pandemic, Brexit: lh¢ Ukrnine war. energy prices and inflation rcmains uncertain.
The Charity is navi8aling through extremely unc¢nain limes and the full impa¢t on our projects and fundraising
remains to be seen. IAR has identified specific risks from the rise in inierest raies, the cost of living crisis and
the weakening pound (given that most of IAR'S commitments are in other currencies). The projects also face
inflaiionary pressure.
In addiiion io thc r¢5tricted funds held by IAIL which are detailed in Note 14, the Charity 15 holding ring-
fenced reserves for esscnlial future SndIng on large projects that cannot be met from future incomc alonc.
Thes¢ a¢iivities includc; the construction of a largc free ranging enclosure for aduli san¢tuary' orangutans, the
expansion of the bear rcscue and rehabiliiation fa¢ilil)' in Arn]enia and a reserve fund for ihe management (one
year) the c.95k acre landscape to protect threatened orangutsn habilat.
Taking into consideration the financial risk associaied with fundrnising challenges in the ¢urreni economic
climat¢, the ongoing impact of the coronavirns crisis, th¢ significant monthly commitment to several ov¢rscas
projecls: eA¢hangc rate fluctuations and uncena1ni. M'ithin thc funding streams. the Trnstees consider ihat
holding slightl), higher than usual free reserves is prudent: wÈihoui iKing cxcessive. At this time, the Trustees
have agreed an appropriate re5cr¥es rdnge for IAR as £5.8m to £6.3m. which is broken down as follows:
Reseryes ran
Financial im
cl of risk
Workin
ca ital
Rin
-fenced reserves
Minimum level
£l.Om
£1.8m
£3.Om
£5.8m
£O.im
£6Jm
Maximum level
The actual frcc rc5crves held by IAR as at 31• Decemkr 2021 is £5.8m, just within the rdnge required.
Pag¢: I I
## **INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Statement of Trustees' Responsibilities and Corporate Governance**
The members of the Board of Trustees, as Trustees and Directors, are responsible for preparing the Report of the Trustees and the financial statements. The Trustees have chosen to prepare financial statements for the company in accordance with United Kingdom Generally Accepted Accounting Practice (UK GAAP). Company law requires the Trustees to prepare such financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the surplus or deficit for that period and comply with UK GAAP and the Companies Act 2006.
In preparing the financial statements, the Trustees are required to:-
- select suitable accounting policies and then apply them consistently;
- 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; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Statement as to Disclosure of Information to Auditors**
So far as the Trustees are aware, there is no relevant audit information ( as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each Trustee has taken the steps that he ought to have taken as a Trustee in order to make himself aware of any relevant information and to establish that the company's auditors are aware of that information.
Registered Office:
On behalf of the Board
Lime House Regency Close Uckfield East Sussex TN22 lDS
A Bruce A Bruce - Trustee
Page: 12
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF
I,NTERNATIONAL LNIMAL RESCUE
(LIMITED BY GUARANTEE)
Opinlon
We have auditcd the financial staiemenis of Inlcrnational Animal Rescue (the 'companJ') for the year ended
31 sl tkccmbcr ?021 whi¢h comprise the Income Statement, Balance Shcei. Cash Flow. Statemcnl and Notes
lo the Financial Statements, including a summary of significani accouniing policies. The financial reportin
fram¢M'ork that has been applied in their preparation 15 applicable law and Uniied Kingdom Accounting
Standards. including F inancial Reporting Sthndard 102 'The Financial Reporting Standard applicable in th¢
UK and Rcpublic of Ireland, (United Kingdom Generally Acccpted Accounting Pra¢¢i¢e).
In our opinion the financial slatemenis..
give a true and fair view of the stsie of the company's affairs as at 31 st Ik¢ember 2021 and of its profit for
the year then ended.
have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accounting Practice;
and
have been preparcd in accordance wilh the requiremenis of the Companies A¢t 2006.
Basis for opinioll
We conducted our audil in accordance wilh Iniernaiional Stsndards on Auditing (UK) (ISAS (UK)) and
applicabl¢ law. Our responsibililie5 under those standards are further described in the Audilors, responsibilities
for the audit of th¢ financial siatements section of our repori. We arc indepcndcnl of the company in
ac¢ordancc with the cihical requiremcnts that arc relevant to our audit of ihc financial stalcmcnls in thc lJK,
including the l.-RC's Lthical Standard, and have fulfilled our other ¢thi¢al responsibiliiies in accordance
wilh thes¢ requir¢m¢nls. Wc bclici'e ihai the 8udii evidcnce wc have obtained is sU]c1¢nI and appropriat¢ lo
providc a basis for our opinion.
Conelusions relating to going eoncern
In auditing thc linanLial stalcmcnts. i%'e have concluded ihat the directors, Us¢ of the 80ing ¢on¢¢rn basis of
accountin8 in Ihe preparation of ihe financial statements is appropriate.
Based on Ihe work we have perfomjed. we have noi identified any material uncertainties relating to events or
conditions that, individually or colle¢iively, may casi significani doubi on ihc company's abilily to continuc as
a going concern for a period of ai least tw¢lv¢ months from when ihe financial statements are authoriscd for
issue.
Our responsibilities and the responsibilities ofthe directors with resp1 to 80in8 ¢on¢¢rn are
described in Ihe relevant seciions ofthis rew)rt.
Other tnformation
ThL -frusiC¢S ar¢ responsible for the other infom)alion. The other infornialion comprises ihe inforniation in lh¢
Report of the Truslees but does noi include the financial slatemenls and our Report of the Auditor5 thcreon.
Our opinion on the financial siaiements does not ¢ov¢r the other infom)ation and we do not express any form
ofassurance conclusion thereon.
Page= 13
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF
Iyi fEILN'ATIONAL ANIVIAL RF.SCUE
(LINIITED BY GUARANTEE)
In connection with our audit of the financial al¢ents, our responsibility is to read the other inforniation and.
in doing so, consider 'hether the other inforn)aiion is materially inconsistent with the financial statem¢nts or
our knowledge obiained in the audit or othcn4.ise appears to be materially misstated. If we id¢niify such
material in¢onsi51enci¢s or apparcnt malcrial misslatements. we are required to detcrniine whether there is a
material misslalemeni in ihe financial sthtemenis or a material mis51alemeni of ihc other inforn]ation. If, based
on the work wc havc perfonned. 'C conclude thai there is a Tnatcrial misslatemenl of this other inforniation,
we ar¢ r¢quir¢d to report thai faci. We have nothing io repon in this regard.
Opinion on other matters pr¢scribed bv the Companies A¢t 2006
In our opinion, based on the 'ork undLrtaken in ihe course of the audii=
the inforniation given in the Repx)rt of the Trustees for ihe financial year for which ihe financial statements
are prepared is consisienl with ihe financial siaiements; and
the Report ofihe Trusiees has been prcpared in accordance with applicable legal requirements.
Matters on which we #re Tequired to report bv ¢xcep¢io
In thL. IigTht ol (hL kno1& Icdgyc and undcrslanding ofthe company and ils environmenl obtsined in the cours¢ of
thc audit, we hAVC not identified maierial missthtements in the Report of ihe Trustees.
We have nothing io report in respeci of ihe following matters where the Companies Act 2006 requires us io
report to you if. in our opinion-.
adequate accounting rccords have noi been kepL or reiurns adequate for our audit have noi been received
from branches nol visited by us: or
the financial stst¢ments are not in agr¢ement with the accountin8 records and returns; or
certain disclosures oftrustees. remuneration specified by law are nol made; or
wc hav¢ not received all the infornialion and explanaiions w'c require for our audil; or
the trustees were nol cntitlcd to prepare the financial stsiemenis in accordance wilh the small companies
regime and take advantage of ihc small ¢ompani¢s' exemplion from the requiremeni io prepare a Sirategi¢
Report or in preparing the Report of the Trusiecs.
Re5pon$ibiliti¢s of trusleos
As e.xplained more fully in ihe Statement of Trusi¢es' Re5ponsibilitics, Ihe tNstccs arc rc5pon5ibl¢ for th¢
preparation of the financial 51aicmLnis and for being satisfied that they give a iruc and fair vi¢w. and for such
int¢mal control as ihc tru51cc5 dcteminc necessary to enable the preparaiion of financial stalem¢nts Ihat are
free from material misstaiemenL whether due to fraud or error.
In preparing ihe financial statements, lh¢ trustees are rc5ponsible for asscssing th¢ ¢ompany's ability 10
ontinue as a going concern. disclosing, as applicable. mallers related to goin8 concern and using thc going
conc¢rn basi5 of accounting unlcss the trusle¢s either intend to liquidaie the company or to cease operaliun&
or hav¢ no realistic alicrnative but lo do so.
Auditorn, responsibilities for the Audit of the finAnciAI statements
Our objectives are to obtain rcasonabl¢ a55ufdnce about iNhcthcr thc financial statements as a whole are free
from material misstatemenL whether due to frdud or error, and io issue a Report ofthe Auditors that includes
our opinion. Reasonable assurancc 15 a high t¢¢1 of assurance, but is not a guarantee that an audit conducted
in accordance with ISAS (UK) w'ill aliiay5 deie¢t a material misststeTllcnt when it exists. Misstatcmcnts Can
arise from fraud or ern)r and are considered material if, individually or in ihe aggr¢gale. they could rcasonably
be expected to influence the economic decisions of users taken on the basis of thes¢ financial statemenis.
Pagc.. 14
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF
INTF.RN'ATIONAL AiYtMAL RESCUE
(LI_MITED BY GUARANTEE)
Irregularilies, including frdud. are instances of non-compliancc w'ith laws and regulations. We design
pro¢edures in line with our responsibilities, outlined above, io dcicct Tnaterial tnisstatements in respe¢t of
irregulariti¢s. including frdud. The exient io which our proc¢dures are capable of detecting irregularities,
in¢luding fraud is dctailed below=
We idcnlified arcas of laws and regulations that Could reasonabl). bc expected to have a material effect on the
financial statetnents from our generdl commercial and s¢cior experience and through discussions with the
trustees (as required by auditing standards) and discussed "1th the trustees ihe policies and procedures
regarding compliance with lam's and regulations. We communicated id¢ntifi¢d laws and rcgulations throughout
our team and remained alert to an! indications of non-complianee throughoul the audii. W¢ evaluated
anagcmcnt's incentives and opportunities for fraudulent manipulation of the financial statements (including
the risk of ov¢rrkd¢ of Controls) and deternjined that the principal risks 'ere management bias of accounling
estimaies particularl>. in rclaiion to the titning of legacies. Audit procedures perfornied by the engagement
team includcd-.
discussions with managements includin8 considerdtion of known or sUSpted instances of non-compliance
with la.5 and regulations and frdud.
challenging estimates and judgemenis made by management in their significant accounting estimates ihat
involved making assumptions and considering thture events that are inherently uncertain.
The FK)tential effect of these laws and regulations on the financial statemenls varies considerably.
Firstly, the company is subject to laws and regulations that directly afft the financial statements including
financial reporting legislation and we assessed the extent of compliance with these laws and regulations as part
of our procedures on the relaied financial slalemeni items.
Secondly, the company is subject to many other la.5 and regulations whcrc the consequen¢es of non-
compliance could have a material effeci on amounts or disclosures in the financial sthtements, for instance
through the imposition of fines or litigalion. We idcnlified oi'erscas la5 and regulations relating to the support
of projects where the laws ma). be considerably diffcrcnt to thc UK along iviih Health and Safety regulation5
in the UK and overseas as the areas Tnost likelN' io have su¢h an eff4 recognising the nature of the company'5
activilics. Auditing standards IiTnit the required audit procedures io identify. non-cotllpliance with these laws
and regulations to enquiry of ihc Iru51ees and oiher management and inspection of regulatory and Icgal
correspondence, if any. Through these procedures, w¢ became aware of no actual or suspected non-
compliance.
Owing to the inherent limitations of an audiL there is an unavoidable risk that M'e may not have detecied som¢
material misstatements in the financial statcm¢nlS, ei'en ihough M'e have properly planncd and p¢rfomied our
audit in accordance with auditing standards. For ewnpl¢. th¢ further removed non-complianc¢ '11h laws and
regulations (irregularities) is from thc cvcnts and transactions reflecied in the financial staietnenis, the less
likely the inher¢ntly limited procedures required bb" auditing standards would identify. it. In addition, as with
any audit, there remained a highcr risk of non-deiection of irregularities. as thcse may involve collusion.
forgery, intentional omissions, misrepresentations. or the oveIde of internal controls. We are not responsible
for preventing non-complian¢e and cannot be expectcd to deicci non- ¢ompliance with all laws and regulations.
Page.. 15
## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF**
## **INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE)**
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.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.
## **Use of our report**
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## V Anderson
Victoria Anderson BA(Hons) FCA DChA (Senior Statutory Auditor) for and on behalf of Clark Brownscombe Limited Chartered Accountants and Statutory Auditors 2 St Andrews Place Lewes East Sussex BN7 I UP
Page: 16
TERNATIONAL thl%tAL RESCUE
(LIMITED BY GUARANTEE)
STATEMELYf OF FINAIICIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2021
UDrestricied
Funds
2021
Restricted
Fund5
2021
Total
2021
Notes
2020
INCOME
Donations and legacies
Donations and granls
Legacies
Investments
Interest
- Cash deposits
UK l--ixcd Interest Sccurities
Overseas Fixcd Interest Se¢urities
Dividcnds
UK equities
Overseas cquilics
Other trading aciivities
1058,686
I J80,966
610286
2,468,972 2.674.422
IJ80,966 1.131,453
42
16,937
2A•70
42
16,937
2,670
410
15,423
5.979
46.401
12,990
46,401
12.990
38,420
10,688
Total Income
40
97
0 567 ILL76
EXPENDITURE
Charilable activities
Raising funds
F undraising costs
Investment m8n8gers fees
3271215
162306
3,433,421 3,363,391
442,935
20
442,93S
449,627
7 16687
Total expenditure
734
162
LL47 06 3896453 38297
(393,966)
448,080
54,114
67,871
Gains on investment assets
ILfjL2 458 105
Net incom¢
219,666
448,080
667,746
525,976
Otber recognised gAins/{1053es)
ProfiLI(losscs} on foreign e.xchange
Gains on fon¥ard cxchange coniracis
355
355
(649)
N¢t movement in funds
238,092
448,080
686,172
570,167
Reeoncili4¢ion of fund5
l.und balanccs at Isi January 2021
743 87 5 173 706
Fund balances a¢ 31$t December 2021
The detailed 2020 compardtive stalement of financial activities is reportcd in note 2.
The notes fomi part of these financial statements
Page.. 17
INTERNATIO)AL ANI.MAL RESCUE
(LI.MITED BY GiiARANI TEE)
INCOME ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER 2021
Notes
2021
2020
TURNOVER
3,871,527
3.826,656
Campaign CO$, fundraising, administrdtion
and general expenses
3 896 453
3 829 705
OPERATING (DEFICIT)
{24,926)
(3,049)
Gainsl{losses) on sale of investments
87,127
(94.185)
Gains/(losses) on foreign exchange
355
{649)
Interest receivable and income from investments
SURPLUSI(DEFICIT) FOR THE FINANCIAL
YEAR
All amounts relate to continuing activities.
STATEME[ OF COMPREHENSIVE INCOME
2021
2020
Sutplusl(deficit) for the year
141,596
(26.964)
Unreali5ed gains on revaluation of investments
526,505
552,291
Gain on fon¥ard exchange contracts
Total recognis¢d gains for the y¢ar
The notes fonn part of these financial ststements
Page.. 18
## **INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE)**
## **BALANCE SHEET**
## **AS AT 31ST DECEMBER 2021 COMP ANY NUMBER: 06035040**
||**Notes**||**2021**|2020|
|---|---|---|---|---|
|||£|£|£|
|**FIXED ASSETS**|||||
|Tangible assets
Investments|7
8||**158,504**
**5,254,194**|169,455
5,034,234|
||||**5,412,698**|5,203,689|
|**CURRENT ASSETS**|||||
|Stock||**13,633**||8,145|
|Debtors
Cash at bank and in hand|9|**103,869**
**988,814**||88,489
511,188|
|||**1,106,316**||607,822|
|**CURRENT LIABILITIES**|||||
|Creditors: Amounts falling due within one year|10|**88,969**||67,638|
|**NET CURRENT ASSETS**|||**1,017,347**|540,184|
|**TOTAL ASSETS**|||||
|**LESS CURRENT LIABILITIES**|||**6,430.045**|5,743.873|
|**THE FUNDS OF THE CHARITY**
Restricted funds|14||**463,969**|15,889|
|Unrestricted funds
Revaluation reserve|||**4,416,457**
**1,549,619**|4,473,587
1,254,397|
|Total unrestricted funds|15||**5,966,076**|5,727,984|
|**TOT AL CHARITY FUNDS**|||**6.430.045**|5,743 873|
> Approved by the trustees on .. **1: 7** \ '1.\ 1 � ........ and signed on their behalf by:
## A Bruce
A Bruce - Trustee
The notes form part of these financial statements
Page: 19
INTERATIONAL ANIMAL RESCUE
(LI.MITED BY GUARL)TEE)
CASH FLOW STATEMENT
FOR THE YEAR ENDF.D 31ST DECEMBER 2021
Not¢
2021
2020
Net cash from operatillg a¢¢ivi¢ie5
19
6,980
97,824
Cash flow from invesling activities
Purchase of iangible assets
PurLhase of fixed asset investmen
Proceeds from disposal
of fixed asset investments
Interesi received
and in¢ome from investments
(2,422)
(929,467)
(798,087)
lJ23,140
354,440
Net cash 2•In/(USed) in investing
#¢t1.it1e9
470 291
Net incTeasel(decrea5e)
in cash And cash equivalents
477271
(277,766)
Cash and cash ¢quival¢nls
at the beginning ofyear
$11,188
789,603
Exchange gain(lO$ses)
CaJh And c*Jb equivxlents
gt end of yegr
The notes fomi part of these financial slalcmenls
Page= 20
I)ryERATIONAL AYIMAL RESCUE
(LIMITED BY GUARMTEE)
OTES TO THE FThAJCIAL STATEMEliTS
FOR THE YEAR ELWED 31ST DECEMBER 2021
Aecounting policies
a) Basis of accounting
The financial statements ha%'e been prepared in accordan¢e with Accounting and Reporting by
Chariiies: Statcment of Recommended Prdciice applicable io charities preparing their accounts in
accordance with the Finan¢ial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
102, effective l January 2019), h¢r¢after referred to as the Charities SORP (FRS 102), the Financial
Reponing Sthndard applicable in the UK and Republic of Ircland (FRS 102) and the Coinpanies A¢t
2006.
International Animal Rescue meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction valuc unless othenvise
stated in the relevant accouniing policy note.
In the application of the chariry's accounling wlicies. the Trust¢es are required to make judg¢m¢nls,
estimaies and assumptions about the carrying amount of asseis and liabilities that are not readily
apparent from other sour¢es. The esiimatcs and associaied assumptions are based on historical
experience and other factors that are Considered to be relevant. Actual results may differ from Ih¢s¢
estimates.
The estimates and underlying assumptions are reviewEd on an ongoing basis. Revisions lo accounting
esiimaies are recognised in the period in which the estimate is revised, if the revision affects only that
period. or in the period of the revision and future periods if the 1,1$10 affects both current and future
periods. How¢v¢r, Ihcre are no judgemenis or assumplions that have a significani risk of causing
material adjustmeni.
b) Income
(i) Donations and Gift Aid
Donations are recogni5ed ii.hen ihe). are receiN'ed and rccorded in the Charity's accounting
records. Income r¢cov¢rablc in rclation to donaiions received undcr (iift Aid is recognised
at the time of the donation.
(li) Legacies
Legacies are recognis¢d once the chariry has entitlement to the income, it is probable that the
income will be received and ihe amount receivable can be measured r¢liably.
(iii) Trdding Activities
Income from trdding xiivities is included in the periiKI in which the Charity is entitled to receipt.
(iv) Inv¢sim¢nt Income
Income from investments is rogniSed when receivable.
Page= 21
IINTEILNATIONAL ANT%IAL RESCLE
(LILIIITED BY GuAlLTEE)
OTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
c} Expenditure
E¥pcnditurc is included in the Statemeni of Financial Aclivitie5 on an accruals basis, in¢lusive of any
VAT which cannot be recovered.
Certain expenditure is directly attributable to specific aclivities and has been included in those cost
¢ategories. Certain other costs. which are aTtributablc lo more than one activity, are apportioncd across
¢ost caiegorics on the basis of an cslimate of the proportion of lime by staff on those activities.
A proporlion of the costs of producing fundraising literatur¢ is considered to b¢ educational and
Iherefore included within charitable activities.
Th¢ main categories of expenditure are'.-
Charitable activities are the ¢osis of ihe campaigns and relaied support costs.
b)
Raising funds are fundraising c0515 and invesimeni management fees. Fundraising cost5
relale lo ihe external agenci¢s and internal fundraisin8 resource. Agency costs include
Ihe design, produciion and printing of promoiional material, as well as the dircct mailing
costs. Twenty fiv¢ per ccni of the cosl is allocat¢d lo education on the basis thal the
literature pri)duc¢d increases public awareness of issucs ihal ihe Charity works with
around ihe world.
Suprt ¢0515 are allocat¢d over ihe above categories on ihc basis of siaff lime spent on
each activity.
d) PensioD scheme Irringcments
Thc Charity mak¢s ¢oniributions to a small self_adminisiered pcnsion scheme which operdie5 on a
defincd contribution basis io provide emplo)'ees retirement and death benefits. Regular contributions
are recognised on an accruals basis and special Coniribuiions &re recognised in th¢ period in which
they occur.
e) Going coneerD
Thc Iru5tccs have considered ihe financial position of the charity for I¢ve months from the date tliat
Ihe balance sheet is signed and Conclude thai there are no material vnc¢rtainiics concernin8 the
charity's ability to continue &$ a going conccm. In coming to this conclusion the (ru51cc5 1)ave
considered the expected funding requirements to tnainlain th¢ Charity's objectives for ihe period and
the amount of fre¢ reseTh'es and fuiurc cxpecied incomin8 r¢sour¢es available to achicvc this. They
have also considered th¢ global unccrlainty" around income pressures due io the c05l of living rises and
rising cost pressures in the developing world. Analysis of the fre¢ reserves are set out in the trustees
report.
Fund accounting
The charity maintains various funds in accordance 1th the Statement of Recommended Pra¢ti¢¢
'Accounting and Rewrting b) Charities 2015". -rh¢5¢ funds. which require separale disclosures. are
as follows'.-
Unrestricted Funds. These are generdl funds ofthe charity and are expendable at the discretion of the
Trustees in the furtherance of the charitable objeciives. The main sources of gcneral funds are
donations arising froTn appeals. grdnts from trusts and investment in¢ome. The main applications of
g¢neral funds arc campaign costs. fundrdising costs and related overhead costs.
Page= 22
INTERI%ATION'AL ANIMAL RESCLE
(LIMITED BY GUAllNTEE)
OTES TO THF. FIIIA)CIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
Fund accounting {continyed)
Rcstricted Funds. These are funds which are subjeci io specific objects declared by thc donor or which
are raised by appeal for a specific purpose. These funds are expendable by the Trvsi¢¢s in furtherance
of ihe ScIfiC object for ii'hich the) i%¢rc gii'en unless ihc donor lai¢r agrees that the>. can be applied
for a general purw)se. Due to the naiure of these funds the). are a¢counted for separately from the
general funds of the charity..
g) Fixed &s$ets
Fixed assets are depreciated over iheir expected useful livcs at the following annual rdtes=
Freehold propertylimprovemenls
Motor vehicles
Support boai for Malta
Plant and machinery.
Office equipm¢nt
20/JI /• On cost
250/tr Reducing balance
250/. Reducing balance
200/0 Reducing balance
2/0 Reducing balance
h) Stock
Stock is included at the lower of ¢ost and nei realisable value. Cost is determined on a firsl-in, first-
out basis. Net r¢alTsable value is based on estimated selling price, Ic55 any further costs of
realisation.
i) Financial instruments
Financial asseis and financial liabiliiies are recognised when th¢ Charity CoMeS a party to the
contractual provisions of the instrument.
(i) Financial assets and liabilities
All financial assets and liabilities are initially measured at transaction pri¢e (including
transa¢tion costs). except for ihose financial assets classified as at fair value through profil or
loss, Mhich arc iniliall). meaSUd ai fair value ('hICh is nortnall! the transaction price
excluding transaction costs), unless the arraftgcment constitutes a financing iransaction. If an
arrangement ¢onstilules a financing transaciion. thc financial asset or finan¢ial liability is
measured at the pr¢scnt Tr'alue of the future pa)ments discounted at a markei rate of int¢r¢st for
a similar debi instrumcnt.
Financial assets and liabilities are onl). offset in Ihe statement of financial posilion when, and
only when there exists a legallN' enforceable righi to set off the rccognised amounts and the
Charity intends ¢iihcr lo scttle on a net basis, or io a]iS¢ thc asset and settle the liability
Simultaneously.
Financial assets are dere¢ogniscd when and only when (a) the contractual rights to the cash
flows from the financial assei expire or are seitled. (b) Ihe Chariij. transfers to another party
substantially all of th¢ risks and re.ardS of 0.nership of the financial ass¢t, or (c) the Charity,
despit¢ having retained some, but not all, significant risk5 and rewards of om'nership, has
transferred control of the asset to another party.
Financial liabililics are derecognised only when ihe obligation specified in the contrdct is
discharged, Cancelled or expires.
Pa¥e= 23
INTEILN'ATIONAL AIN'IMAL RESCUE
(LIMITED BY GUAIL4NTEE)
NOTES TO THE FINCIAL STATEMENrs
FOR THE YEAR E)DED 31ST DECEVIBER 2021
i) Financial instruments (continued)
(li) Investments
Investments ar¢ measured at fair value as at ihe balance sheet date using the quoted market price.
The stalcment of financial activities includes ihe nei gains and 1055cs arising on revaluation ai?d
disposals throughout the y¢ar. Unrr4lis¢d gains and losses on revaluation are accounted for in the
relevant fund.
Page= 24
Iyi fEILNATIONAL ANIMAL RESCUE
(LIMITED BY GUARANTEE)
IYOTES TO THE FI)ANCL4L STATEMEYTS
FOR THE YEAR EED 31ST DECEMBER 2021
2. Detailed eomp2ratives for the sla¢emen¢ of fiDan¢i*l activitie5
UDreslricted
Funds
2020
Restricted
Funds
2020
Total
2020
Notes
Donations and legacies
- Donations and grants
Legacics
nvestments
Interesl
Cash deposits
UK Fixed Interest Securities
Overseas Fixed Interest Securities
Dii'idends
K cquities
Overseas cquities
Other trading activitie5
2J73J46
1.131,453
301,076 2,674,422
1,131,453
410
15,423
5,979
410
15,423
38,420
10.688
38,420
10,688
Total illcome
301076 3 897 576
EXPENDITURE
Charitable activities
Raising funds
Fundraising costs
Investment managers fees
3,062J15
301.076 3J63J91
449.627
449.627
Tot#1 expettditre
301076 3
67,871
67,871
Gains on inv¢stment assets
458 105
458 105
Net income
525,976
525,976
Other recognised gains
{Lossc5) on foreign exchange
Gains on forward exchange contracts
(649)
(649)
Net movement in funds
570,167
570,167
Recotteiliation or runds
F und balanLes ai I st January 2020
15
17 89 5 173 706
Fund balaDces a¢ 31st December 2020
Page= 25
INTEIL)ATIOI%AL NIMAL RESCUE
(LIMITED BY GL'AILthTEE)
NOTES TO THE FtYANCIAL STATEMEYrs
FOR THE YEAR EJN'DED 31ST DECEMBER 2021
3. Expendityre
UDrestricled
Funds
Restricted
Funds
Total
2021
2020
Charitable Activities
Campaign costs
Edu¢ational costs
Travel and accommodation
Support costs
2840,426
142,866
1,690
162206
3,002,632
142066
1,690
286
2,957,251
143,375
1,345
261420
71
162 206
3 433 421
363 391
Raising funds
Fundraisin2 costs:.
Appeal and other costs
Support ¢osts
241.634
201
241,634
201
249,486
442 935
442 935
449 627
Investment managers fees
20 097
Tot21
AnAlyJis of Support Costs
Ch•ri¢4ble
Activiti
Fundraising
Costs
Total
2021
2020
Staff costs
Premises ¢osts
01¢¢ administration costs
Insurance
Database. developmeni
and compuicr costs
Motor expenses
Depreciation
Bank chargcs
Professional fees
Audit and accountancy fees
Sundry expcnses
205247
8J08
12J34
9JOO
174J07
2,769
4,111
3,100
379554
11,077
16,445
12,400
349,223
10.047
17,522
11.294
IlJ28
6.729
10,029
14O24
3,776
2,243
3J43
4.841
15,104
8,972
13J72
19J65
14.133
3,673
14,974
27.236
504
8,340
1.950
861
7,800
Page: 26
INTF.ILNA TIONAL AlmAL RF.SCUE
(LIMITED BY GUARANTEE)
NOTES TO THE FIIIAI%CIAL STATE.MEIJTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
Operating Surplus
The operating surplus is staled after charging:"
2021
2020
Administration expenses including:_
Depreciation
Auditors remuneration
audit fces
for accountancy work
13J72
14,974
3,760
3.650
5. StAff Costs
2021
2020
Wages and salari¢s
Social sccurity costs
Pension costs
651,299
608,995
49,894
The number of staff to whom retiremeni benefits are accruing under a defined coniribulion pension
schem¢ is twenty (2020: s¢vent¢en).
Th¢ avcra8c number of employees during the year was twenty one (2020: rtIneen).
The numb¢r of employees re¢¢iving remunerntion in excess of £60,000 p.a. is as follows:_
2021
2020
£70,001 £80,000
£90,001- £ 100,000
The key managcmcnt pcrsonnel of the compan), Comprise ihe trustee5, the Chief F.xecutive ol¢cr and the
Chief F inancial and Operating 0]cer. The total employce benefits of lh¢ key mana8ement personi)cl wcrc
£202,287 (2020.. £200.297).
6. Taxation
The charity 15 considcred to pass th¢ tests set out in Pardgraph I Schcdule 6 Finance Act 2010 and therefore
it meets the definition of a charitsble company for L'K corporaiion tax purposes. A¢cordingl)'. Ihe charity
is poteniially Cxempt from t&xaiion in respect of incomc or capital gains rec¢ii'ed within categories cowcrcd
by Chap(cr 3 Part I I Corporation Tax Acl ?0 l O or Scction 256 of the Taxation of Chargeable Gains Act
1992. to the cxtcnt that such income or gains are applied exclusivel), io charitable purposes.
Page.. 27
IJTF.RNATIONAL ANIMAL RF.SCUE
(LI.MITED BY GL'AIL4.NTEE)
NOTES TO THE FII%A)CIAL STATEMF.N'TS
FOR THE YEAR EYDED 31ST DECEMBER 2021
7. Tangible Fixed Assets
Freehold
Property
Plant &
Motor
Machinery Vehicles
Support
Bo¥t
Total
Cost
At I si January 2021
Additions
Disposals
Ai 31 st tkcember 2021
216,430
102,428
2,422
32,000
IlJ95
362253
2,422
27 324)
37
li
95
DepreciatlOD
At I si Januar), 2021
Charge for the year
On disposals
At 31 si December 2021
86,417
4287
72,91)0
6,607
22.086
2,479
IlJ95
192,798
13J73
27
178 847
li
95
Net Book Vglue
Ai 31 si Dc¢¢mb¢r 2021
Ai 31 st December 2020
69
8. Investments
2021
2020
Markei value at 151 January 2021
Acqui51tions
Less: Disposals
5,034,234
929,467
4,132,482
798,087
4,727,689
4,481,944
Nei unrealised gain on revaluation
Market value of listed investments ai 31 December 2021
Historical cost at 31 st December 2021
All invcstmenls are listed on a recognised stwk exchange.
An analysis of invesiments is &s follows:
2021
2020
Ovcrseas
Investments
'¢rseAs
Investments lllvtslmenl$
UK
Total
Investments
Total
Debt Instruments
Equities
499272
206.510
705,782
774,865
243859
210,961
985,8?6
Page: 28
IiYrEIL)ATIONAL AmAL RF,SCUE
(LI,NIITED BY GLAIiAI%TEE)
LIOTES TO THE FINAJCIAL STATF.MF.NTS
FOR THE YEAR ENDED 31ST DECELIIBER 2021
Debtors
2021
2020
Dcrivativ¢ asset
(hhcr debtors
Prepayncnts and accrued incom¢
21,726
74,068
3,655
77,399
10. Creditors: amouttts f2llillg due withiD ODe year
2021
2020
Tradc creditors
Othcr t&%es and wial security costs
Other creditors
Accruals
32,844
17,642
5,699
30.712
20,401
6,099
I l. International Animgl Rescue Trndillg Limited
The Charity holds l OOO/o of the issued share capital of International Animal Rescue Tradin8 Limited
(2 ordinary £1 shares). Thc cotnpan). was dorniant throughoui ihe year.
2021
2020
The assets and liabiliii¢S of the subsidiary were=
Assct5
Liabilities
3,773
3,773
Aggregate share Capital and reserves
Consolidaied financial statemcnts have not becn prepared for the Group on the grounds that the
subsidiaj). is not material and the Costs of preparing Gmup financial statements outwcigh the benefits
arising from them.
12. Share Capital
The compan). is limited by guardntee having no share capital and members having a liability not
exceeding £ 5 0 each.
Pag¢: 29
INTEILNATIOJAL AYIMAL RESCUE
(LLIllTED BY GLARAIITEE)
LNOTES TO THE FIYLNCIAL STATE.MEI'TS
FOR THE YEAR ENDED 31ST DECEIBER 2021
13. Financi*l Instruments
2021
2020
Financial ass¢ts measur¢d at fair value
Ihrough income accounl
545 422
14. Restrieted Funds
At 1st
Janua
2021
At 31st
December
2021
Income
Expenditure
Ordngutan Conservation
Costa Rica Build
Arnienia Bears
Orangutan Release Progrdmme
9,025
500,001
101260
(9,025)
(51,921)
{101260)
448,080
15
15
Prior Year
At 1st
January
Ai31st
Dcccmber
Income
Expenditure
2020
2020
Orangutan Conservation
PPE Indonesia
Plant A Tree - Indonesia
India.. Dancing Bears
Artncnia Bears
Oranguthn Release Programme
5.660
2,000
6,000
249,122
38,294
(5,660)
(2,000)
16,000)
(249.122)
(38,294)
£15k of restricl¢d funds was brought foniard for th¢ purpose of designing a ne. transmitter syslem
for post-release moniioring of orangutans. Due io ongoing issues "1th testing of the prototpes, these
funds remained unspent as at DecemlKr 31, 2021. IAR is in discuSSIOTiS With its partners how best to
proceed.
IAR received a £SOOk restricted grdllt to fund th¢ construction of a new wildlife rescue centre in Costa
Ri¢a. £52k was utilised during jo? l io secure the slte. the balan¢¢ of £448k w'ill be utilis¢d during
2022 and beyond. £9k of funding was receii'cd during ?0? I, restricied for Oranguthn conservation
work in Indonesia and £101 k of funding for the Arwn¢nia Greai Bear Rescue proj¢ct. All these funds
were fully utilised dursng the financial J'ear.
Page= 30
INTEILNATIONAL ANI.MAL RESCUE
(LI.MITED BY GUARANTEE)
OTES TO THE FILICIAL STATEMENTS
FOR THE YEAR ENDED 31ST DF.CEIMBER 2021
15. Unrestrieted Fund5
At 1st
January
2021
L'Drealised
At 31st
And realised December
g*ins
2021
Income
Expellditure
General Fund
Prior Year
Ai 1st
January
2020
Unrcali5ed
At31st
and rcalised Dcccmbcr
gains
Income
Expenditure
2020
General Fund
16. Analysis of Net Assets betweeD Funds
Unrestrided Restricted
Tothl
Tangible fixed assels
Investments
Stock
Debtors
Cash at bank
Other net CUent liabilities
158,504
5254,194
13,633
103.869
524,845
158,504
5254.194
13,633
103.869
988,814
463,969
Prior Year
Unrcstrictcd Restricted
Total
Tangible fixed assets
Ini'esiments
Siock
Debiors
Cash at bank
Other nel curr¢nt liabilities
169.455
5.OJ4.234
8,145
88.489
495,299
67 638)
169,45)
5,034,234
8,145
88,489
511.188
67 638)
15.889
Page.. 31
INTENATIo.AL L)IMAL RF.SCL'E
(LI,MITED BY GLARAINTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
17. Related Party Trallsaetiotts
Grants and expenses totalling £164,494 (2020.. £188:409) ere paid to Catastrophes Cat Rescue. Th¢
partner of Alan Knighi, Chief E.¥ecuti&'e Ol¢tr of IAIL is the founder and trustee of Catastroph¢s Cat
Rescue. Accounting services are provided free of charge io Catastrophes Cat Rescue.
OlCe space and accounting services are proi'ided free of charge to British Divcrs Marine Life Rescue.
Alan Knight, Chief Execulive oleer of IAIL is a irusi¢¢ of Brilish Divcrs Marinc l.ife Rcscuc.
All transactions were approved b). the Board of Trustees.
18. Trustees remulleratioll and expellses
No remuneration or eXnSeS were paid by the charity to any Trustee durin8 this year or the previous
year.
19. Notes to ibe Cash Flow Sthtement
Reconciliation oc net surplus to Det ch inflow from
operating activities
2021
2020
Operating (deficit)
(24,926)
(3,049)
Depreciation
(Increase) in stocks
Movement on derivative assct
(Increase)Idecrcase in dcbtors
Increasel(decreasc) in creditors
13J72
(5,488)
18,071
{15J80)
21
14,974
(159)
44,839
83,933
Net inflow frotn operating activities
Page= 32