COMPANY NUMBER: 06035040 CHAIUTY NUMBER: 1118277 TERNATIONAL ANIMAL RESCUE {LIMITED BY GUAIL4NfEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Dediu¢ed to the rwue and rehabilitatioth of suffering animals wiTh.int¢rna¢ion#lanimalrf3cue.o Nllllllll 'KCCZPOR" 1910912023 ¢ThIPANIES HOUSE A31
INTERNATIONAL ANIMAL RESCUE ILIMITED BY GUAllfEE) REPORT OF THE TRUSTEES AI¥D FtNANCIAL STATEMENTS FOR TFtE YEAR ENDED 31ST DECEMBER 2022 CONTENTS Page Legal and administrative infomiation Report of the trustees 2-14 Report of the indeFndent auditors 15- 18 Statement of financial activities 19 Incom¢ and expenditure account 20 Ststemeni of COmphensiVe income 20 Balance sheet 21 Cash flow gatement 22 Notes to the financial statements 23-34 Detailed income and expenditure ¥count 35-36
(LIMITED BY GUARAI¥TEE) LEGAL AND ADMtNISTRATIVE INFORMATION Registered compaoy ll•Mr. 06035040 Registered eharity umber. 1118277 Trustees: P G Bennen M.A. (Honsxcantab) Dip.Ed. (NZ)- Chair P Casw BSc(Hons} BDS L Milella B Vcc DipEVtK MRCVS {Re5igned 19th May 2022) A Bruce A Mateo Roman (Apwin*d 4th May 2022) President: A KnTght OBE BSclHons) Chief Executive: G Bruce Head of Finaoce: DRap Regi$¢ered oifiee: Lime House R¢g¢n¢y Close Uckfield East Sussex TN22 1 DS Statu¢ory Audilors: Clark Brownscombe Limited Chartered Accountants & Statutory Auditors 2 St Andw$ Place Lewe5 Easi Sussex BN7 IUP Principfdl hnkers: The c¢)-orative Bank plc. 242 High Stre¢t Exder EX4 3QB Investment Advisors: Rathbone Greenbank Invesknents 10 Queen Square Bristol BSI 4NT Page: I
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31ST DECEMBER 2022 The Trustees have pleasure in presenting their annual report and financial statements for the year ended 31 st December 2022. Structure International Animal Rescue {IAR) is a company limited by guardntee and is a registered charity. It is governed by ils MemoranduTn and Articles of Association dated 21 st tkcember 2006. The Trustees of the charitable company are its tTUStees for the purposes of Cofflpany Law. Throughout this report they are collectively referred to as Trustees. Le8al and administrative information set out on page I fortns part of this report. The financial stat¢m¢nts comply with ¢urrenl Statutory reqU1men the Memor•ndum and Articles of Association, the Companies Act 2006 and AountIng and Rewrting by Charitie5: Ststement of Recommended Practice applicable to ¢harities. History and Forniation of Internatiowal Animal Rescue (Limited by Guarantee} Ort Isi January 2008 the net assets of International AniTnal Rescue (The Tillyer Foundation) re trnnsf¢rred into the company whose new charity number is 1118277. Iniemational Animal Rescue was originally registered with the Charity Commission in 1989 under charity number 802132, which became dorniant after the change in structure in January 2008. Recruitmenl of Trustees In accordance with the Articles of Association. the number of trnstees shall be no les5 than three but are not subject to any mlMM. New trusic may be appointed by wdinary resolution. Every new trnstee shall sign in the minute book a declaration of acceptance and of willingness to act as a itee of the Charity. Trustee5 are recruited required or when a rtiCUlar skill gap is identified. Trustees are Selted based on what they can coniribute to the Charity. Trustees need to be prepared to ke an active part in the mnning of the Charity and therefore need to be able - and willing - to giv¢ time to the efficient administration of the Charity and the fulfilment of its objectives. Prospectiv¢ trustees are required tr) consider whether ther¢ would be any possibl¢ Conflicts of inlerest if they were to be appoint¢d as a trnstee. It Is particularly imwjrtani that the individual is free to make a full contribution to the trnsiees, dTscussions and decisions. When recruiting new Charity trustees. the existing tTUStees ensure they understsnd the purpose5 and aims of the Charity. Is well as their broader duties and $)nsIbIlitIeS as trust¢¢s so that they ar¢ able to explain to prospective trustees what is required of them. Page= 2
INTERNATIONAL ANIMAL RESCUE (LIMttED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 Organisation and MangemeDt In terms of organisational stru¢lur¢ the Trustees ar¢ r¢sponsibl¢ for the strat¢gi¢ dItIOn of the Charity. govemance and ¢harting perforniance against th¢ bud8et which is Prepar annually. Investment decisions regarding the funds of the Charity. Is well as decisions regarding expansion into new teIlorieS. are made by the Trustees. The Chief Execulive is responsible for ihe day to day operdtional management of the Charity, reporting on progress to the Trustees at the scheduled Trustees, meetings. If there are ¢xtrdordinary issues that need to be brought to the attention of the Trustees. extra m¢¢tings are scheduled as required. The Chief Executive is responsible for mainiaining relationships with partner charitie% sthff managemenL 0MMendIng project5 to the Trust¢¢s and annual financial perfomiance. The Chief Executive is supported by a small management team who are reSnsible for functional area5 Within the Charity. These functional heads provid¢ p¢riodi¢ POrts for the Trustees. AtIlateS International Animal Resc is affiliad and provides funding to several othcr independent group5. Yayasan IAR Indonesia runs primate rescue and rehabilitstion centres in Java and Borneo. Indonesia- Internalional Animal Rescue Costs Rica runs our wildlife protection effort in Costa Rica. International Animal Rescue USA serves the North American t¢rriiOry with education and infomialion relating to th¢ proj¢¢ts that International Animal Rescue supports. As a 8roup. the independent Intemational Animal Rescue Charities 5har¢ ¢ommon goals and objectives. Partners In addition to the affiliate group. Inmational Animal Rescue also works very closely with several International partner organisations. International Animal Rescue is a major fijnder of Wildlife SOS (India) who are responsible for the Dancing Bear Project in India. In addition. International Aniwnal Rescue provides funding for its partner Catastrophes Cat Rescue. which provides care for older and unwell cats in the UK. her parther groups are FPWC (Armenia). British Divers Marine Life Re5cu¢ (UK), East Sussex Wildlife Rescue and Ambulance Servi¢¢ (UK), Animal Protection Agency- APA {UK) and Friendicoes SECA (India). Risk M2nagemett¢ The Trustees have prepared a risk a55essment document for the Charity. This covers risks re8arding data, continuity. succession and liability. The truses review the major risks to which the Charity is exposed on a regular basis and systems are implem¢nled whenever possible to mitigaie these risks. The Trustees believe that there is a satisfactory system of internal controls which are also reviewed on a regular basis. Objectives For the benefit of the public to= (a) relieve the suffering of anirnals in need of care and attention and to provide res¢ue facilities for the reception. care. rehabilitation and reintroduction back into the wild of such animals. (b) promote the ¢ons¢rvation, prot110 and improv¢meni ofthe physical and natural environment and support the development of sustainable ecosystems. Page= 3
INTERNATIONAL ANIMAL RESCUE (LtMITED BY GuAREE) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31ST DECEMBER 2022 International Artimal Rescue works with expert affilia and partner groups on projects that will make a significant impaci on animal welfare and conseTraiion issues. The Charity engages with Iwal and national governmenis inl¢rnationally. as support from th¢ slate combined with effotts on the ground gives the various projects the best chance of success. The main objective5 for 2022 were- Develop holistic rnitigation strategies to protect wildlife. habitat5 and the natural environment. Work with Wildlife SOS (India) to provide safe sanctuary for the rescued dancing bears in India and continue io rescue b¢aTS that aT¢ threaiened: Support the rehabilitation and release program of macaques in Indonesi Work to mitigate the illegal w trade in Indonesia as well as continue the rescue, rehabilitation and rel¢as¢ of the slow loris. CoFttinue and monitor the orangutsn release programme" Continue ihe Greai Bear Rescue progrdmme for ATmenia; Develop our wildlife protection work in Costa Ric Continue to support Calastrophes Cat Rescue in the UK. Continue to sustainably grow the UK charity in an elTicient manner" increasing fundraising capacity with minimal increase in overhead. D¢v¢lop digital supwrter strat¢gies to refl¢¢t t imp)rtan¢e of digital media and social networks. Public Benefit In consid¢raiion of The Charities Act 2011 definition of ¢haritsble puw. th¢ Trustees of International Animal Rescue consider that the objective5 and activities of the Charity forthe public benefit by supporting the Advancement of anitrtal welfare. In setting the progrnmme each year the TrUte$ have regard to both the Charity Commission's general 8uidance on public benefit and the advancement of animal welfare for the public benefit. The Trustees always ensure that the programmes undertaken are in line with the charitable objectives and aims. The aciivilies. which are described in more detail in a separnfr section below. ¢ov¢r the following charitable purposes for public benefiL promoting kindness and to prevent or sUPpsS cruelty to animals: building and fundin8 animal san¢tuari¢s in the UK atxl overseas. provision of v¢t¢rinary ca and rr¢atsn¢ni to animals: care and re-homing of animals that are abandoned. mistreated or105t' con5ervalion of endangered wildlife: mitigation strategies of the illegal wildlife trade- Spaying and neutering projects for feral animal control. rescue. rehabilitation and relew of wild animals. and conserving habitats and protectin8 the natural envtronment. Page.. 4
¥TERf4ATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 Tbe loss of our dear friend and tAR Trnslee Lisa Milella li is with deep sadness thai in May 2022 we lost our beloved friend. dedicad vet¢rinarian and IAR Trustee. Lisa Milella. Lisa was diagnosed with Motor Neurone Disease in 2014. It wa5 a devaststing blow for someone as skilled and dedicated to her work &$ Lisa but she coped with the challenges of this cruel condition with extrnordinary cournge and dermInation. We will always Temember Lisa for the remarkable person she was. both personally and professionally. She was highly r¢sp¢¢t¢d iti th¢ v¢terinary profession as a v¢terinary dental spe¢ialist and w•s 8¢n¢rous in sharing her knowledge and expertise with students and colleagues from all four corners of the globe. For many years she regularly visited IAR'S rescue cenires to relieve the pain of animals with agonising dental conditions and teaching the local vets n¢w v¢terinary dentsl prw¢dur¢s. Dan¢ing bears whos¢ t¢¢th had b¢en knocked out. diabetic orangutans suffering from tooth decay and tiny slow lorises whoK teeth had been removed with nail Clippers. After her diagnosis. Lisa c105ed her veterinary dental prdctice but continued to suprK)rt IAR'5 teams in the fi¢ld with expert advice and guidance on treatments for all kinds of rescued animals. Sh¢ also continued to take part in meetings of IAR'S board of Trustees throu8hout her illness. never as a bystander, always as an active participanL unafraid to speak her mind. Lisa never allowed her illness to hold her back. We will remember her first and foremosL not for the d¢bilitating illness that took her from us far too s¢)on. but for her zest for life, her interest in people, her love of travelling and of course her dedication to helping suffering animals. Lisa also had a wonderful sense of humour. Those of us who were lucky enough to spend time with Lisa on trips abroad or c105er to home will always remember her laughter and her beautiful smile. Lisa Milella emlM)died so many qualities that we at IAR hold dear". strength of chardcter. courage, kindness. compassion and a love of life. We will mis5 her teiblY but never forget her. It has been a privilege to work with her and ¢all her our friend. Review of gctivities This section provides an overview of the various programm¢s that ar¢ support¢d by International Animal Rescue. At International Animal Rescue. our vision is of a world where humans and animals coexist in sustainable ecosystems. The ieam see firsi-hand the impact of human activity and climate change on precious ecosystems. Habitat loss is on¢ of lh¢ most ¢riii¢al factors impacting biodiv¢rsity. One of th¢ bigg¢si threats to th¢ survival of other specie5 on the planet. is the rdte at which humanity is transforming the naturdl landscape, through building roads and citie5. and converting land to grow fwd. IAR. mission 15 to build awarenes5 and put effective systems in place so that habitats and animals are protected. Economi¢ Backdrop The impact of the Covtd-19 pandemic Conttnued tnto 2022 &s the Omicron wave swept around the glob¢. This highly iTrfectious strain caused more disruption to travel and supply chains. and market stability w&s shaken onc¢ more. Thankfully, the vaccination roll-out wa5 advanced and the strdin seemed less virulent that its predecessors. as such, during the year. things began to open up. However. in February 2022. Russia invaded Ukraine in an escalation of the Rus-Ukralne War. As well as the devastsiing impact on the tpIe of Ukraine. this war has placed a huge strdin on the global recovery froln the pand¢mi¢. The result has been increased energy and food prices. high inflation (and subsequently high interest rates). a wst of living crisis and a prolonged economic hangover. Page.. 5
INTERNATIONAL ANIMAL RESCUE (UMITED B Y GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 The Russo-ukrdine War has had a dir¢ct impact on our project in Arrneni4 which has seen a high influx of Russian citizens driving inflaiion and an overh¢ating of the domestic economy. Furthernio, the global macro economic picture has affected International Animal Rescue with. rising progratnme costs on all the project lower incorne due to the costof livingcrisis and a negaiive impact on reserves due to ihe poor market conditions and high int¢rest rates. The Trustees of IAR are immensely gtful to all the stsff and volunteers at our project5 for their continued efforts protecting animals and habitats in such unprecedeftted condition& and to our supN)rters who have siocKI by us during this challenging lime. Conservation It is clear that the combined threats of climate change. bi¢)diver5tty 105s and the spill over of pathogens from wildlife io people presenl an existenlial threat to humanity. IAR'S award-winning ¢nvironmenthl and conservation progrdmme. IARconservaf aims to tackle these threats by adopting a holistic 'One-Health' strntegy. IAR conserves IAR IS focused on developing Ial. grdssroots. Iiature positive strategies which. when sc&led up. have a mucFt more meaningful impa¢t. The ultimate goal is for wildlife to b¢ living safely in sustainable ecosyst¢ms and for communities to be healthy and Prospero$. IARcon5erves is cenired around working alongside I(al COTllWnUlliti¢s in Indonesian Borneo who are best placed to identify issues and implement sollltions. The work selects from a toolkit of initiatives that we have developed and tested over many years. This means that we can implement tailored solutions at the village level that deliver tangibl¢ outcomes for people and nature. Over many years. with its partners and affiliates. IAR has d¢veloF*d holistic. Community based mitigation progrdmmes which, when combined. have a tangible benefit to the survival of species. The conseryation strategies are closely aligneAJ to the UN'S Sustainable Development Goals (SDGS). These in¢lude= r¢du¢ing ill¢gal wildlife trad¢- forest patrols to reduc¢ the risks fr(Mn fi and illegal logging" sustsinable land use strategie reforestation and tre¢ planting- mangrove restoraiion- deep peat proiection and restoration; working wirh lo¢al ¢ommunilies on prnctical solutions to reduce human impact. such as alternative livelihoods. community enterprise, schooling and scholarships, organic fam)ing and female empow¢mient' r¢introduction into th¢ wild of endangered wildlife Tebuild threat¢n¢d populations. human-wildlife conflia mifigation. Page: 6
¥TERNATIONAL ANIMAL RESCUE {LIMfTED BY GUARANfEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 In December 2022. IAR'S Chief Exe¢ulive and YIARI'5 Progrdmme DirectOT atnded the United Nations Biodiversity Confer¢n¢e (COPI 5) in Montreal. This summit was the culmination of three yeats of intense tslks between governments. it has been viewed as a last chance to accelerate global efforts lo prot¢cl and restore the natural world. At the conference. the Global Biodiversity Frnmework {GBF) was agreed by the parties. The framework aims to'take urgent action to halt and reverse biixliversity loss to put naturt on a path to recovery for the benefit of people and planet by conserving and sustainably using bi(MJiversity, and ensuring the fairand equitable sharing of benefits from the use of geneti¢ resources, while providing the necessary means of implementation." With around one million species threatened with extinction. Ihis could noi k more urgent- th¢ threat to the health, wellbeing and prosperity of humanity is real and serious. The GBF is a g(x)d start and there are some ambitious iargets. Now it is ihe task of governments to turn those targets into action by developing their own national biodiv¢rsity plans. It is a huge iestimony io the hard work of all delegate5 at the conference. especially our colleagues from other NGOS that worked with u5 to prevent diluti( of the text in the Framewo. that we now have an agrment in place. Orttgutstt CottseThation Since 2009. IAR'S Indonesian partner. YIARI. has had an agreement with the Indonesian Ministry of Environment (KLHK) to rescue and rehabilitatr the critically ¢ndan8¢r¢d orangutans of Western Borneo. The IAR Orangutsn Rescue and Rehabilitation Centre in West Kalimantan 15 the hub for the ordngutsn conservation effort. The work carried out is in partnership with the KLHK and divisions of the Naiural Cons¢tvation Agency BKSDA. The ultimate goal is to keep orangutans in the wild and proteci habitsts su¢h that they are not displaced and do not ne¢d to go through the rescue, rehabilitation, release process. Due to the success of YIARI'5 long-tenn holistic mitigation str8iegi¢s. the numtr of orangutans being rescued has reduced considerably. IAR and YIAIU are developing holistic projects that engage government authorities, local communities and commercial businesses to develop sustainable proj¢¢ts that protect Species and habitats, thus preventlrtg biodiversity loss and reducing greenhouse gas emissions. Although peatlands cover less than 3Yo of global land surface. estimates suggesi that peatlands contAin twice as much carbon as the world's forests. and so peatland conservation is crncial to storing. carbon. Maintaining healthy peatlands also helps to lessen the impaci of climate change by regulating water flows, dUCing fl(M)ding, droughts and fires. YIARI is working to conserve d¢¢p peat forests, which are the habitat of some of the world's most important species. including orangutans- this has th¢ double benefit of protecting biodiveity and combating climate change. YIARI ha5 implunented a funded management plan io protect a l 00.000 acre deep peat forest. home to c 1.000 wild oran8Utans. whi¢h was thatened by fire, illegal logging or conversion. During the year, the IAR released more than 20 oran8Utans. most of which had been through a lengthy rehabilitation pre$S at the YIARI Orangutan Rescue and Rehabilitation Centre in West Kalimantan. Most of these animals were released into the remote Bukil Baka Bukit Raya National Park in ceniral Borneo. where YIARI has a p¢nnancnt Carnp to monitor th¢ pro8ress of the released orangutans. Page: 7
INTERNATIONAL AIYIMAL RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 In March 2022. an adult mal¢ ordngutan. estimated to be around I S years old. wLs found with a wound on his left wrist after being caught in a hunter's irnp. Despite escaping, the four-rnetre-long rope Snare was still tied tightly and had caused quite severe injuries. Given the wild nature of the animal and to prevent it being aggressive towards the rescue team. an anaesthetic gun was used to sedate it. From the results of the field examination by the YIARI medical ieam. it was known ihat the wound was quite severe where the rope had ented the fl¢5h and hit the bone. The ordngutan was taken to the wildlife clinic at the YIARI Orangutan Rescue and Rehabilitation Centre for obsetvation and treatment. In November 2022. the Wildlife Rescue Unit {WRU) of the West Kalimantan Natural Resources Conservation A8ency (BKSDA). together with our partneN YIARt. 2nd 10¢21 group Yayasan Palun8, reseued a baby orangutan in a village in North Kayong, Wesi Kalimantan. There was no sign of the baby ordngutan's mother. YIARI'S vet examined the baby and confimied that he was a male orangutan of almlut one year old, Suffering from dehydration and malnutrition. Mawa wa5 placed in quaraniine at the YIARI Orangutsn Rehabilitation Centre where he was to be kept under observation for etghi weeks. H¢ will spend years in rehabilitation at the centre in order to learn all the skills he will need to survive in the wild - skills that he would normally karn froTn his mother. The intention 15 to eventually release hirn back into the wild. Illegal Wildlife Trade In ertt years the impa¢i of the illegal wildlife trade on species has aChed unprt¢edenied levels. It is estiTnated to be worth up to $23 billion a year and represents a threat to the very existence of some of our best- loved species including rhinos. ligers, elephants and pangolins. Urgent action is needed to address this crisis. to help countries control poaching on the ground as well as to take steps to reduce the demand in consumer countries which is UltimalY driving the trade. IAR is part of a coalition of I l animal prot¢¢tion groups which. in July 2022. released a new report. the first in a series of exposes of the holfie world of online animal ¢rn¢lry wntent, showing a disturbing trend in 'teasing torture. animal cru¢lty videos. The Asia for Animals Social Media Animal Cruelty Coalition {SMACC) 5ay5 these videos are shared across social medi4 and that platforms like Facebook. Instagram. TikTok and YouTube are not doing enough to remove them. Ihus essentially giving offenders a re in to promote and perpetuate animal cruelty. The report 'Teasing as Torture. documents how between February and May 2022 alone, SMACC recordal almost 200 individual links to videos containing teasing content on Facebook, YouTub¢, TikTok and Instsgram. 6/0 of the videos featured macaque monk¢ys a5 the most popular victims of teasing abuse. This new TIng as Torture report is the first in a serie5 of Spoilight Rewrts homing in on the horror of ihe themes being popularised by social media pl&fom)s and io put MO pssU on plarfornis to take a¢tion. Indian Dancing Bear Project International Animal Rescue has been working with its partner Wildlife SOS {an Indian charity) since 2002 on a project th ended the trade of dancing bears in India. The partnership ha5 built up 3 sanctuarie5 across India to accommodate the r¢scu¢d 'dancing' bears" in addition, a community programme has been devised to support the Kalandar people who once relied on ihe bears for their income. During 2022. IAR provided £473k of funding to this project. The Kalandar people have had vocational training and financial SUPFh)rt to estsblish them into new professions. In addition, the communities are supported with schooling and education such that they may have a brighter future. Page= 8
[TERNATIONAL ANJMAL RESCUE (LtMITED BY GuARAtEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 IAR has an on80in8 commitsnent to provide the best wssible car¢ for the 190 res¢ued bears (as at 30 November 2022) for the rest of their lives. The financial commitment to the bears 15 significant as the food. enrichm¢ni, veterinary and medical expenses are considerable. Slow Loris ConservatlOD International Anirnal Rescue Indonesia operates one of the only dedicated rescue and research centres for the slow loris. a critically endangered n¢xturnal primate. The IAR Primate Rescue and Rehabilitation cent is lo¢ated near Bogor in Jav8. Most of the animals at the ¢entre have i*en confiscated from the illegal exoti¢ pet trade. Little is known about these primates. researchers and students from various universities work with the IAR team to conduct studies into habitai di¢¢ behaviour and ecology. A release programme has been implement¢d wher¢by released animals aft monit¢)r¢d in the wild using radio 4¢kIng equipment. IAR has an active Wildlife PrirteLtion Team. This unit investigate5 the illegal pet trade, including the trade in slow lorises. It is a collaboration with the police and Ministy of Forest and Conservation. Whenever possible. the team gathers evid¢n¢e to ¢nsur¢ su¢¢essful law ¢nforc¢m¢nt an wh¢n appropriate. prosecution. In December 2022. 19 rescued lorise5 were reled back into the wild. The slow lorTses had been handed over by residents around West Java to th¢ auihorilies. or had be¢n involved in accidents or suffered injuries. The slow lorises were cared for at the YIARt animal rehabilitation centre in West Jav4 where they underwent medical treamieni and a rehabilitation process before being returned to their naturnl habitat. Cat Rescue IAR supports Catastrophes Cat Rescue. which offers a 'last chance. refuge for older cats that it would otherwise be" difficult to find a home for. When cats arrive. they may simply hav¢ problems wÈih iheir diet or perhaps have an underlying health problem that needs attention. All the ¢ats ¢¢ive expert veterinary care. Th¢r¢ is a small vderinary surgery on site where simple procedures can be administered. As cats grow old¢r they often suffer from dental disease which ¢an make their lives miserable, leadin8 to a rapid I$ of condition as they find it diiTicult to eat. The daily routine of cl¢anin& feeding and medication continued through the year thanks to Catastrophes, dedicated group of careTS. Costs Ricg - Howler Monkeys IAR Costa Rica 15 located on the Pacific Coast in the town of Nosard and 15 ddicated to protecting wildlife in C05ta Rica. with parti¢ular attention to Howler Monkeys. The main issue in and around Nosard is wildlife ele¢tro¢ulion. Due to uncontrolled residential developmenL the tr¢¢s are being removed and overhead electric cables are being itlstalled. The monkey5 use the cables as r¢placement arboreal routes. Unfortunately. in many situations. the electrical apparatus is not insulated and the monkeys suffer from electrocution. Very often. the adults are severely injured or killed outright- however, 50metim¢s. th¢ infants (which cling lo their mothers) can survive. Afteremergency medical aid. treatment and a lengthy process of rehabilitation, the aim is to relee small troops of young adults back inio the wild. Page.. 9
INTERNATIONAL ANIMAL RESCUE (LIlFrED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR EM)ED 31ST DECEMBER 2022 IAR entered into an agreement with the Nosara Civic AslatiOn (NCA) for a five-acre forested piece of land to locate a new. purpose built. rescue centre. The land is within a large section of the NCA parklands, which are proiected from d¢velopment so. although it is Close the town. it will b¢ p¢a¢efvl for rehabilitation purposes. After delays caused by local perniit restrictions. work on the new rescue centre started in late 2022. the target is to complete the facility and relocate Irfore the wet se&son in (October) 2023. The IAR Costa Rica team Continues io work with ihe authorilies io develop straiegies for mitigation and prevention. The ongoing collaboration between mtNAEISAC. the ¢lwtricity providers and IAR has rnearbt that many hotspots for electr(Kution have been remedied in the year. In addition. rope bridges have been installed to connect ihe tree canopy and maintain routes for arl)oreal wildlife. Al. working with the electri¢ ¢ompani¢s. the trees art trimmed back to reduce access onto the unsafe cables. The 2022 statistics for IAR Costa Rica are as follows= Total Animals Re¢¢iv¢d: 454 (295 mammals. 148 birds, I I reptiles) Total Emergency Calls Received.- 1.119 Total Electrocution Reports (Calls).. 141 {134 howler monkeys. 3 squitrels. 4 birds) Total Number of Electrocuted Animals Received.- 40 howler monkeys Total Animals Released.. 135 (95 mammals. 37 bird& 3 repliles. Incudes 34 howler monkey& 12 of which w¢r¢ electrocution patients) Armenizd Bears Historically* wild bears have been illegally caught or trapped by poachers in Armenia. Once captured. many of them end up tn small, squalid cages in restsurants and other publi¢ ent¢rtainment v¢nu¢s as a tourist attraction. Some are kept in bus depots. others are hidden from view in dark cellars. Some of the bears are En¢ntally and physically damaged by ihe E¥)redom and frustration of their ffli5erable existence behind bars. The bears in Amienia are Syrian Brown Bears (Ursus arctos syriacus), one of the smaller sub_species of brown bear. They ar¢ found in ih¢ mountainous areas of the country where they forage for fruits, berries and insects in the meadows and foresis and hibernate in ¢av¢s 2nd tree hollows. Their bhrren prisons ar¢ a far cry from their natural home in the forest. Many bear5 are being kept captive in miserable conditions across Arni¢ni4 including in the capital city of Yerevan. Some have b¢en incarcerated for years in crdmped cages with scarcely any food or water. Their environment m¢¢ts non¢ of ih¢ir psychological or physical needs_ They have very little space ro move around in. They are given un5Uitable and insufficient food and no environmentsl enrichment to distract and amuse them. The bears have been deprived of their dignity and their freedom. They lack everything they need io live life as nature intended. In October 2017. in conjunction with I] partners FPWC. International Animal Rescue launched a new campaign to help these suffering bears. The Great Bear Rescue aims to free ihem from their suffering and. after thorough veterinary checks and ass¢ssmenL ffhabilithi¢ and eventually release those that are physically and mentally equipped to fend for themselves in the wild. Those that are not viable for release will be given a perman¢nt home in sartctuaries where they will be well cara for. well fed and have the freedom to express natural bear behaviour. Page: 10
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANfEE) REPORT OF THE TRUSTEES FOR THE YEAR EI¥DED 31ST DECEMBER 2022 By the end of 2022. in conjunction with FPWC. IAR have sCUed 35 bears from their cramped cages. The rescued bears are now being cared for at a new purpose build rehabilitation centre in the South Caucasus mountains of Arnienia. In June 2022, six caged bears were TEmov¢d from a private z(KTr in Artsakh and taken to the bear rescue facility. Among the rescued bears is a mother and two young cubs ihat were born earlier in the year. After a period of quarantine and medical checks these cubs had their first taste of the outside world. The team are keeping these youn8 bears as isola frotn human conia¢t as possible in the hope thal one day, they can be reled back into the wild. As previously reported. the existing facility is now at full capacity. A new site h&8 been acquiTed and. Ihanks to the generous support of our donor& consiruction work has now commen¢¢d. The winter in ihe mountains is harsh and wnstrnction paused during the fTe¢zing conditions until Spring 2023. Helping dogs ID UkraiDe During 2022. IAR ha5 provided vital emergency aid for the animals caught up in the Ukraine crisis by making number of granis to charities working in the area. Among them is Save the Dogs whose dirtttor reported that IAR'S funding towards their Ukraine Emergency Response has been invaluable. Since the beginning of March 2022, Save the Dogs have conducted a multifaceted program to help the animal victims of the crisis in Ukraine which includes sendin8 do8 and Cat food to shelters and to volunteers who feed street dogs And cats in Ukraine, providing pet supplies and guidance to refugees with animals at the border. at Bucharest airrM)rt. and at Romania's Tnain train station. rescuing dogs from a war-damaged shelter in Odess4 and remaining adapiabl¢ to respond to opportunities to make an impact. As a result of IAR'S support. over 75 tons of dog and cat food has been delivered to Ukrdine since the war began. Future plans Together, the hangover from the Covid-19 pandemic. th¢ Ukr8ine war, high inflation and rising interest rates and associaied cost of living impact presents an unprecedented set of conditions. This macro-econoTnic uncertainty pr¢s¢nts increased financial risk to organisations lik¢ IAR. As alway& IAR will redouble its efforts and work with its partrers and affiliates to navigate this storni. Looking into 2023 and lryond. th¢ ¢harity will look to expand its audi¢nc¢ through the tARconserves programme. highlighting its wider protection, conservation and environmental strategies. At a time when biodiversity loss. climate change and the link between natll and human health is so prominen¢ it is ri8ht that IAR presenls its holistic 'one-health' conservation apprOh to new and existing supporters so ihat this critical work can deliver the bigg¢st impacL In addition to supporting the operdtions of its animal protection and con5erYation projects with its parttiers and affiliate5. IAR will progress the construction projects in Costa Rica and Arnienia during 2023. Page.. I I
INTERNATIONAL ANIMAL RESCUE {LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 IDveslments The Charity's equity irtvestrnents are managed by Rathbone Greenbank's ethical investment team aordIng to the objects of the Charity. Our reserves are inv¢sied in a diversif portfolio of socially Tesp)nsible assets. ilUding those fo¢u5ed on futur¢ revenue Streams in sectors like r¢TJewable enepdy. Incrsing interest rate5 imposed by the central banks to count¢r rising inflation in the aft¢miath of the Covid-19 pandemic and the war in Ukraine have had a negative impact on the valuaiion of these assets due to higher discouni raies applied to long-tern) cash flow projections. The losses have sadly wiped out the gains from th¢ previous year. Despite the volatility, we remain confident in the sustainability mandate of our reserves inveslrnent p)rtfolio. In 2022 the investment portfolio experienced 105ses of 15.5% (12.V/o gain in 2021). This was built up of unr¢alis¢d losses of £844k and reali5ed losses of £187k. Approximately £300k of the investment portfolio was liquidated to cover operaiional project expendiiure- £180k of which was the utilisation of ffstri¢t¢d fund5. Income from irEvestments in 2022 w&5 £94k. approximaiely £15k higher than 2021. Financial Perfonnance Incom¢ was lower in 2022 at £3.53] k (2021 £3.951 k). In 2021. IAR received a £500k grant from the Mich2¢1 Ur¢n Foundation to support the construction of the new wildlif¢ r¢scue c£ntre in Costa Ric4 which explains the drop in trust income in 2022. Generally) individual giving was down in 2022 by approximately £300k to £1.500k reflectin8 the cost of living impact on suptM)rters' however. legacy income iftcreased by £333k to £1.714k. Charitable expenditure was lower in 2022 than the previous year a¢ £3 J41 k against £3.433k in 2021. Direct support to the Proj¢¢ts de¢r¢ased slightly in 2022 at £3.019k. Fundraising ¢osts w¢re broadly un¢hang¢d from 2021 at £458k (2021.. £443k). The Charity experienced an operating loss in 2022 of £288k. Of this. £179k was the utilisation of restricted funds for the new rescue centre build in Costa Rica. As described in the investment section above, there was Ioss on investment assets of£l,03 Ik which resulied in a loss for the year of £1.319k (before non-cash affecling 'oih¢r recognised losses, which are linked io the Charity'5 exchange rate hedge5). Pag¢: 12
INTERNATIONAL ANtNLiL RESCUE (LIMrrED BY GUARANfEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 Re5erveJ As discussed above, the hangover from the Covid-19 pandemic and the impact of the Ukraine war are having a profound effect on global macro-economics. High inflation and the associated cost of living situation is causing significant headwinds. the Central banks increasin8 interest rates is directly affecting our sUPW)rter5' propensity to give and is having a detrimental effect on our ethical investments. Due to global inflation. prOjt costs around the world have increased. In addition to the restricted fvnds h¢ld by IAIL which are delai]ed in Note 15. th¢ Charity is holding ring- fenced Te5erves for essential fiJtllTe spending on laTge projec15 that cannoi be met from future income alone. These activities include- the expansion of the bear rescue and rehabiliiaiion facility in Armenia and a r¢s¢rve fund for th¢ management (one year) the c.95k a¢r¢ landscape to protect threatened orangutsn habitat. Taking into consideration the financial risk associated with fundrnistng chalknges in the current economic ¢lÉmal¢, the ongoing impa¢t of ihe ¢oronavirus cri51% th¢ significani monthly commitment to several overseas projects, exchange rate fluctuations and uncertainty within the funding Streams. the Tru51ees consider that holding slightly higher than usual free reserves is prudenL without being excessive. At this lime. the Trustees have agffed an appropri*¢ r¢serv¢s range for IAR as £5.2m to £5.8m. which is broken down as follows.. ' Res¢rves ra Financial im ct of risk Workin ca ital Rin -fenced reserves Minimum level Ran Maximum level £0.8m £1.9m £2.6m £5.2m £0.5m £5.8m Due to the investment losses is 2022. the actual free Teserves held by IAR at 3151 December 2022 is £4.5m, which 15 below the desired range. The Trustees are consciws of the unprecedenia economic ¢onditions are monitoring the situation wefully to eTJsuTe the long-terni suslainability of the Charity. Page: 13
ITERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022 Statement of Trustees. Responsibilities and Corporate Governance Th¢ memiKrs of the Board of Trustees, a5 Trustees and Directors. are responsible for preparing ihe Report of the Trustees and ihe financial statements. The Trustees have chosen to prepare firkancial statement5 for the company in ac¢ordanc¢ with Unid Kingdom Generally Aepted Accounting Pra¢ti¢e (UK GAAP). Company law requires the Trustees to prepare such financial stat¢m¢nts for ea¢h financial year which give a true and fair view of the state of affairs of the Company and of the surplu5 or deficlt for that period and comply with UK GAAP and the Companies Act 2006. In preparing the financTal statemenis. Ihe Trustees are rwuired io:_ lect suitable accounling policies and then apply them consiSntIy- make judgements and estiTnates that are reasonable and prudenL state whether applicable accounting standards have been followeAI. subject to any rnaterial departures disclosed and explained in the financial statements: and prepare th¢ financial stht¢ments on the going Conrn basis un1¢5S it is inappropriate to presume that the Charity will continue in business. The Trustees ar¢ ffsponsibl¢ for ketping proper ac¢ouniing r¢¢ords wht¢h disclose with reasonable a¢¢uracy at any time the financial position of the charity and which enable them to ensure that the financial slatements mply with the Companies Act 2006. They are re5FKJnsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. The Trustees ar¢ sponSIb for the maintenance and integrity of the Corpornte and financial informion Tncluded on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial stakments may differ from legi51ation in other jurisdictions. Statement as to Disclosure of Inforniation to Auditors So far as the Trustees are awar4 there is no relevant audit inf0ml0rt (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware. and each TNslee has iaken th¢ st¢ps that he ought to have taken as a Trustee in order to make himself aware of any relevant inforniation and to establish that the company's audiiors are aware.of that information. Registered Olfice: On behalf of the Board Lime House Regency Close Uckfield East Sussex TN22 1 DS - Trustee Page.. 14
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF INTERNATIONAL ANIMAL RESCU (LIMITED BY GUARANfEE) OpiDiOD We have audited the financial statements of Internaiional Animal Rescue (the 'companY) for the year ended 31 st December 2022 which comprise the Income Semen[ Balance She¢L Cash Flow Sthtemenl and Noles to Ihe Financial Stst¢M¢n ift¢ludin8 a summary of significant cOUntIng poli¢ies. The financial reporting framework that ha5 been applied in their preparniion is applicable law and United Kingdom Accounting Stsndards. including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Iland, {United Kingdom Generally Accepted A¢¢ounting Practice). In our opinion the financial statements= give a true and fair view of the state of the company's affairs as at 315t December 2022 and of its profit for the year then ended- have been properly prepared in a¢wrdan¢e with United Kingdom Gen¢rally Accepted Accounting Practice. and have b¢¢n pr¢pared in accordance with the r¢quirements of the Cornpanies Act 2006. Basis for OPiDiOD We conducted our audit in accordance with Iniernational Siandards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for th¢ audit of the financial staiem¢T]ts section of our report. We are independent of the ¢OTnpany in accordance with the ethi¢al requirements th& are relevant to our audit of the finan¢ial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with th¢se requiremenis. We b¢li¢ve ihat the audit evidence we have obthined is sufficieT]t and appropriate to provide a basis for our opinion. Conclusions relating to goiog ¢ofj¢ern In auditing the financial ststements. we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropria¢¢. Based on the work we hove p¢rfornie¢ we have noi identlfied any material uncertainties la1]ng to events or conditions thal individually or ¢olle¢tiv¢ly, may caM significant doubt on the company's ability to wntinue as a going ¢on¢¢rn for a peri¢Jd of at l¢•st twelv¢ months from when the financial statements are authorised for issue. Our responsibilities and the reswnsibilities of the directors with resFK¢t to going Concern are described in the relevant sections of thi5 report. Other information The Trustees art responsible for the other information. The other information eomprises the inforniation in the Report of the Trustees but does not include the financial sta*ments and our Re)rt of the Auditors thereon. Our opinion on the financial statements does not cover the other infomiation and we do not express any fomi of &ssurance conclusion thereon. Page: 15
INDEPENDEiYf AUDITORS. REPORT TO THE TRUSTEES OF tKrERNATIONAL ANlhfAL RESCUE (LIMITED BY GUARALYfEE) In connection with our audit of the financial statements. our responsibility is to Tead the other inforniation and, in doing so. consider whether the other inforniation is materially inconsistent with the financial statemenLs or our knowledge obtained in the audit or otherwise appear5 to be materially misststed. If we identify such maierial inconsistencies or appareni material misstatements. we are required io detemine whether there is a material misstsi¢m¢nl in the financial statements or a material misstatement of the other inforniation. If. based on th¢ work we have perforTT]ed, we con¢lud¢ that ihere is a material misstslement of this other infomiation. we are required to report that fact. We have nothing to rerM)rt in this regard. Opinion 00 oiher tter5 pre5¢ribed by the Companies Ac¢ 2 In our opinion. based on Ihe work undertaken in the course of th¢ audil: the information given in the Rep()rt of the Trustees for the financial year for which the financial statements are preparcd is consistent with the financial statements. and the Report of th¢ Trusiees has been P pared in accordan¢¢ with applicable legal requirements. Mkitt¢rs ott whi¢b we #re rcquired ¢0 report by eAc¢ptioD In the Itght of th¢ knowledge and understsnding of th¢ company and its environmeni obtsin¢d in th¢ course of the audit. we have not identified material missiatements in the Rel of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 require5 US to report to you if. in our opinion-. ad¢quat¢ a¢¢ounting records have not been kepL or return5 adequate for our audii have not been received from brdnches not visited by us. or the financial sratements are not in agreement wilh the accounting records and returns. or certain disclosur¢s of tNsi¢es' remuneration sp¢¢ifi¢d by law not made. or we have not received all the information and explanations we require for our audil- or the trustees were not entitled to Prepa financial sthietnenls in a¢cordance with ihe small companies regime and take advantage of the small companies. exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trn5tees. Respottsibilities of trnste As explained more fully in the Statement of Trust¢es' R¢snsibl111I¢5. the trustees ar¢ responsibl¢ for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees detrmine necessary to enable the preparation of financial statements that are free from material rnis$tat¢m¢nL whether due to fraud or error. In preparing the financial statements. the trustees 2r¢ r¢sponsible for &ssessing the company's ability lo continue as 8 going concern. disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to Cease operalions, or have no realistic alternative bui to do so. Audilors, responsibilities for th¢ audit of the fittan¢ial statements Our objectives are to obtsin r¢asonable assuraftce about whether ih¢ financial ststements as a whole are free from maierial misSemen wheiher due fraud or error. and to issue a Report of the Auditor5 that includes our opinion. Reasonable assurdn¢e is a high level of urdnCfy but 15 not a guarantee that an audit conducted in accordance with ISAS (UK) will always det¢¢i a rnaterial misstatement when it exists. Misstht¢m¢nts Can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Page.- 16
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF INTERNATIONAL ANThfAL RESCUE (LIMITED BY GuARA[EE) IegUlarities. includin8 fraud. ar¢ instan$ of non-compliance with laws and regulations. We design procedures in line with our rPOnSIbl1111¢s. outlined alK)ve. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud 15 detsiled below= W¢ identified areas of laws and rulationS that could reasonably be eXpted to have a material efft on th¢ financial statements from our general commercial and tor experience and through discussions with the trustees (as required by auditing standards) and discussed with the trustees the policies and procedures regardin8 compliance with laws and regulation5. We communi¢at¢d identified laws and r¢8ulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated managetnent's incentives and opportunities for frdudulent manipulation of the financial statements (including th¢ risk of oveThide of controls) and determined that the principal risks were wnanagement bias of accounting estimates particularly in relation to the timing of legacies. Audit procedures rfOrnied by the engagement team tncluded.. - discussions with managements including ¢onsiderdtion of known or suspected instances of non-compliance with laws and regulations and fraud. challenging estimates and judgements made by rnanageTnent in their significant accounting estimates that involved making assumptions and considering future events that are inherently urtcertain. The PO*ntial effect of these laws and regulations on the financial statements varies nsIderablY. Firstly> the company is subject lo laws and regulations ihat ditlY affect the financial statements including financial pOrting legislation and we assessed the extent of compliartce with th¢s¢ laws and r¢gulations as part of our procedures on the related financial statement items. Secondly. the company is subject to many other laws and regulations where the consequences of non- compliance could have a material effect on amounts or disclosures in the financial Statements, for ittstance through th¢ imp)sition of fines or Ihtigaiion. We identified overseas laws and regulations relating to the support of projects where the laws may be considerably different to the UK along with Health and Safety regulations in the UK and overseas as the areas most likely io have such an effecl recognising the nature of the company's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the trustees and other management and inspection of regulatory and legal correspond¢n¢e,.if any. Through these predUreS. we became aware of no actual or suspected non- compliance. Owing to the inherent limitations of an audiL there is an unavoidable risk that we may not have detected some material mi5Statements in the financial staternents. even though we have properly planned and performed our audit in accordance with auditing stsndards. For example. the further removed non-compliance with laws and regulations (irre8ulariti¢s) is from the events and transactions reflected in the financial statements. the less likely the inherently limited procedure5 required by audhting sthndards would identify it. In addition. as with any audit, there remained a higher risk of non-detection of irregulariiies. as these may involve Collusion. forgery. intentional omissions. misrepr¢sentations. or the override of internal controls. We are not responsible for preventing non•compliance and cannot be expected to detect non- compliance with all law5 and regulations. Page= 17
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) A further description of our responsibililies for ihe #udit of the finan¢ial staiements is lo¢at¢d on the Financial Reporting Council's Websi ai www.fr¢.org.uklaUdiTsrc5P0n$lbiI1[1¢s. This description fomis part of our Report of the Auditors. Use of our report This report is made solely to ihe company's members. as a bJy* in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has b¢¢n undertaken so that we might state to the Company's memEtrs those matters we are required to stsie to ih¢m in a Rerxirt of the Auditors and for no other pury)ose. To the full¢st extent perTnitted by law. we do not accept or assume responsibility to anyone other than ihe company and the company's members as a EKMIY. for our audit worl for this repoTL or for the opinions we have fornied. Victoria And¢rson BA(Hons) FtA DChA (Senior Statutory Auditor) for and on behalf of ClaTk Brownscombe Limited Chartered Accountanls and Statutory Auditors 2 St Andrews Place Lewes East Sussex BN7 IUP Date: Page: 18
. INTERNATIONAL ANJMAL RESCUE (LIMITED BY GUARANTEE) STATEMEKf OF FINANCIAL ACTTVtTIES FOR THE YEAR ENDED 31ST DECEMBER 2022 Ullrestricled Fu#ds 2022 Restricted Funds 2022 Total 2022 Notes 2021 COME Donations and legacies. Donations and grants - Legacies Investments Interest - Cash deposits UK Fixed Interest Securities - Overseos Fixed Inkrest Securities Divid¢nds UK equities - Overseas equities Other traditig 3Ctiviti¢s 1.466.906 1.714J96 244,771 1,711.677 2,468.972 1.714J96 1,380.966 5558 15,760 5,558 15,760 1.606 42 16.937 2,670 s46 16J80 54,876 16J80 46,401 12.990 To¢al income (KI 3 950 567 Charitsble aciivilies Raising funds Fundraising costs Invesiment managers fees 2.918.067 423.772 3J41339 3,433.421 458J67 458,567 442,935 Total expenditure 19 12 3 896 453 (109.011) (179.001) (288,012) 54.114 (Lossesygains on investsnenl assets 1030 806 613632 Net (exp¢nditureyincom¢ (1.13917) (179,(Mll) (lJ18,818) 667.746 Ihber reeognised gainsloomes) Profit on foreign exchange (Loss¢sygains on forward exchange contracts 1.636 355 12 Net mov¢m¢n¢ in funds {1324.793) (179.(M)I) (1,403.794) 686.172 Reconciliation offllnds Fund balan¢es at 1st January 2022 6 430 045 5 743 873 Fund balanc gt 31st December 2022 The detailed 2021 comparotive stament of financi21 activities is reported in Th)te 2. The notes forni part of these fU1ClaI statements Page= 19
INTERNATIONAL ANIMAL RESCUE (LtMITED BY GUARAiYTEE) tNcofv ACCOUWT FOR THE YEAR EIWED 31ST DECEMBER 2022 Noles 2022 2021 TURNOVER 3.437.120 3.871.527 Campaign costs. fundraisin& adminisirdtion and general expense5 19 3 896 453 OPERATING (DEFICM (382.192) (24.926) Losse51(gains) on sale of investments (191,713) 87,127 Gains on foreign exchange 1.636 355 Interest receivable and income from investments IDEFICITYSURPLUS FOR THE FINANCIAL YEAR All amounts relate to continuing activities. STATEMENT OF COMPREHENSIVE INCOME 2022 2021 (Deficitysurplus for the year (478,089) 141.596 Unrealised (lossesygains on r¢valuaiion of investments (839,093) 526,505 (Lossesy8ains on forward exchange contracts Total re¢ognised (Ios5e5ygains for the year The notes fonn part of these financial statements Page.. 20
INTERNATIONAL ANtMAL RESCUE {LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31STDECEMBER 2022 COMPANY NUMBEIL. 06035(140 Notes 2022 2021 FIXED ASSETS Intangible assets Tangible assets Investments 59587 149,539 158,504 5 254 194 4276,116 5412698 CURRENf ASSETS Stock Debtor5 Cash at bank and in hand 14,160 224291 13.633 103,869 988 814 io 918,726 1.106,316 CURRENT LIABILtEs Creditors- Amounts falling due within one year NET CURREwf ASSETS 1017347 TOTAL ASSETS LESS CURRENT LIABILITIES THE FUNDS OF THE CHARrrY Restricted funds 15 463 969 Unrestrict¢d fvnds Revaluation reserv¢ 4.467,923 273 4,416,457 1549 619 Total unr¢stri¢ted funds 16 5 966 076 TOTAL CHARITY FUNDS ruce - Trustee. The notes forni part of these financial statements Page= 21
INTERNATIONAL ANIMAL RESCUE (LtMITED BY GUARANfEE) CASH FLOW STATEMEiYr FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 2022 2021 Net ¢h from operdtiog aetivilies 20 (49&775) 6,980 Cash flow from investing activitie5 Purchase of intangible assets Purch&se of tangibl¢ assets Purchase of fixed asset investments Proceeds from disposal of fixed asset investments Interest received and income from investments (s97) (2J91) (907ffi42) (2,422) (929.467) 1.064.040 .323.140 Ne¢ cash gained in investing activiti&8 470 291 Net (decrcase)fincregse in ¢ash and equivalents (310,175) 477,271 Cash and cash equival¢nts at th¢ b¢8inning of y¢ar 988814 511.188 Exchange gains 355 Cash and Cash equivalettts at end of year The notes fomi part of these financial statements Page= 22
INTERNATIONAL ANIMAL RESCUE. (LIMITED BY GUARANTEE) NOTES TO THE FllYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 A¢couDting N)licies a) Basis ofaeeounting The financial statements have been prepared in a¢cordance with Accounting and Reporting by Charities: Stsi¢ment of Recommended Practice applicable io charities preparing their accounts in accordance with the Financial RertIng Stsndard app1]ble in the UK and Republic of Ireland (FRS 102, effective l January 2019). hereafter referd to a5 the Charities SORP (FRS 102), th¢ Financial Reporting Standard appli¢abl¢ in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Int¢rnational Animal Rescue m¢¢ts.the definition of a public benefit entity under FRS 102. Assets and liabililies are initially recognised at historical cost or transaction value unless otherwise stated in the rel¢vant accounting policy note. In the application of ihe charity's accounting policies. the Trystees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent fro¥n other sources. The estimates and a$¢7ted assumptions are based on historical experience and other facrS that ar¢ considered to be relevant. Actu results may differ from thes¢ estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in th¢ period in which the estimate 15 revised. if ihe revision affects only that period, or in the period of the revTsion and fulure periods if the revision affects both current and future period5. However. there are no judgements or assumptions that have a significant risk of causing tnaterial adjustment. b) Income Donation5 and Gift Aid Donations are recognised when they are received and recorded in the Charity's &ccouniing record5. Income t&x recoverdble in relation to donations received under Gift Aid 15 recognised at the time of the donation. (li) Le8acies Lega¢ies are recogni5ed once the charity ha5 entiilement kn the incDrne. it is probable that the in¢om¢ will be received and the amount receivabl¢ Can be measured reliabty. (iii) Trading Activities Income from trnding activiti¢s is included in the period in which the Charity is entitled to receipt. {iv) Investment Income Income from investments is recognised when receivable. Page.. 23
INTERNATIONAL ANKMAL RESCUE (LIMITED BY GUARANfEE) NOTES TO THE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31ST DECEMBER 2022 c) Expenditure Expenditure is included in the Statemeni of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activilies and has been included in those cost ategories. Certain other costs. which are attributable to more than on¢ activity, are apportioned across cost ¢alegories on the basis of an estimate of the proportion of time sp¢nt by staff on those a¢tivities. A proportion of ihe Co$ of producing fundrnising liternture is consideffd to be educational and therefore included within charitable activities. The main categorie5 of expenditure are: Charitable activities are th¢ costs of the Campaigns and related 5UPPOrt ¢osts. b) Raising funds are fundraisin8 costs and investment management fees. Fundraising costs relate to the external agencies and internal ndraising resource. Agency costs include the design. produciion and printing of proTnotional matrrial. as well as the direct mailing costs. Twenty five per ¢¢nt of the cost is allocated to education on the basis that th¢ literature produced increases public awareness of issues that the Charity works with around the world. Support costs are allocated over the above categories on the basis of staff time spent on each activity. d) Pension schetne arrnngements The Charity makes contribuiions to a small self-thinisiered pension scheme which OpereS on a defined contribution basis to provide employees retirement and death benefits. Regular contributions are recognised on an accnmls basis and special contributions are recognised in the period in which they (Kcur. e) Going eoneern The trustees have consid¢red the financial )sItIon of the charity for twelve months from the date that the balance sheet is signed and conclude that there are no moi¢rial uncertainties concernin8 the charity's ability to coniinue as a going concern. Iti coming to this conclusion th¢ trusl¢e5 have considered the ex[Cted funding requirements to maintain the Charity's objective5 for the period and the amount of free reserves and future expected incoming resources available to achieve this. They have also considered the global uncertainty around income pSsUre$ due to the cost of living rises and rising cost pressures in the developing world. Analysis of the free reserves are set out in the trusiees report. Fund aceounting The charity maintains various funds in acwrdan¢e with the Statement of R¢¢ommended Prdctice 'A¢counting and lieporting by Charitie5 2019.. These funds. which require separdte disc105ure5. are as follows: Unrestricted Funds. These are general funds of the charity and are expendable at the discretion of the Trustees in th¢ furtherance of the charitable objectives. The main sour¢es of general funds are donations arising from appeal% grants from trusts and investment inwm¢. The main applicalions of generdl funds are paIgn costs. fundraisin8 wsts and related overhead costs. Page". 24
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Fund accounting (continued) Resiricied Fund5. These are funds which are subjeci to specific objects declared by the donoror which are raised by appeal for a srKcific purpose. These funds are expendable by the Trustees in rtherance of the specific obJt for which they w¢re given unless the donor later agrees that they can be applied for a general purpose. Due to the nature of these fund5 they are accounted for separately from the general funds of the charity. g) Fixed assets Fixed assets are deprecIed over their expected useful liv¢s at the following annual rates.. Freehold property Motor vehicles Plant and machinery OITice equipment 20/0 On cost 250/0 Reducing balance 2¢Y/• Redu¢ing balance 20Yo Reducing balance h) Stock Siock is included at the lower of cost and net realisable value. Cost is deterniined on a first-in, first- out basis. Net realisable value is based on estimated selling pri¢e. less any further ¢osts of realisation. i) Financial in$trumeDts Financial assets and financial liabilities aff Tecognised when the Charity bewmes a party to the Contractu provisions of the instrument. (i) Financial ets and liabilities All financial assets and liabilities are initially measured at transaction price (including transaction costs). except for those financial assets cl&ssified as at fair value through profit or loss, which a initially measured at fair value (which is nornially th¢ rransaction pr&ce excluding transaction costs). unless the arrangement constitutes a financing transaction. If an 8rran8¢wnent COT15titute5 a financing tr#nsa¢tion. Ihe firJan¢ial ass¢t or financial liability is measured at the pr¢s¢nt value of the futu payments discounted at a market rate of interest for a similar debt instrument. Financial assets and liabiliti¢s are only offset in the statement of financial position when. and only when there exists a legally enforceable righi to set off the recognised amounts and the Charity intends either to settle on a net or to realise the as%l and s¢ttl¢ th¢ liability simultaneously. Financial assets are derecogniseJJ wh¢n and only when (a) the ¢ontractual rights to the cash flows from the financial &sset expire or are settled. (b) the Charity trdnsfers to another party substantially all of the risks and rewards of ownership of the financial asset, or {c) the Charity, despite having retained some. but not ail. significant risks and rewards of ownership. h&$ transferred control of the assei io another party. Financial liabilitie5 are derecognised only when the obligation specified in the contract is discharged. cancelled or ¢xpires. Page: 25
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 i) Financirdl iDStruments (continued) (li) Investments Investhients are measured at fair value as at the balance sheet date USTng the quoted market price. The staieTnent of financial activities includes the net gains and losses arising on revaluation and disw)sals throughout the year. Unrealised gains and lo5 on revaluation are accounted for in the relevant fund. Page.. 26
[TERNATIONAL ANtMAL RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FtNANCIAL STATEMENTS FOR THE YEAR EI¥DED 31ST DECEMBER 2022 2. Detailed Comparatives for tbe statsmeRt of finxncial xctivities Unrestricted Funds 2021 Restricted Fulld5 2021 Total 2021 Notes COME Donations and legacie5 Donations and granis - tkgacies Investmenis Interest - Cash deposits UK Fixed Interest Securities - Oversea5 Fixed Int¢r¢5t Securities Dividends UK equities - Overseas equities Other trndtng a¢tivities 1858,686 IJ80.966 610286 2,468,972 I J80,966 42 16.937 2th70 42 16,937 2,670 46,401 12.990 21 46,401 12,990 21 Total income 40 610 286 3 950 567 EXPENDITURE Charitable activitie5 Raising funds Fundraising costs - Investment mana8¢rs f¢¢s. 3371315 162206 3,433,421 442,935 442,935 Total expenditure 162 (393.966) 448,080 54,114 Gains on investmeni assets Net income 219fi66 448.080 667,746 Other recogttised gain5 Gains on foreign ex¢han8e Gains on ftirward exchange contlacts 355 355 Net movement in funds 23&092 448.080 686,172 Reconciliation of funds Fund balances at 1st January 2021 5 727 984 Fund balydncey at 31st December 2021 Page= 27
INTERNATIONAL ANtMAL RESCUE {LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEmEs FOR THE YEAR ENDED 31ST DECEMBER 2022 3. Expenditu Unrestricted Restricted Funds Futtds Tot81 2022 2021 Charitable Activities Campaign costs Educational costs Travel and accommodation Support costs 2A27J54 146,772 20,712 322 729 423,772 2051,626 146,772 20,712 322 729 3.002,632 142,866 1,690 286 233 2 918 067 3 433421 Rgising funds Fundraising ¢osts".- Appeal and other costs Support costs 244,402 214 165 244,402 214 165 241.634 201301 442 935 Investment m*ffjAgeTh fees Total Allalysis of Supp)rt Costs Charitable Activities Fundraising Costs Total 2022 2021 Staff costs Premises costs Office administration costs Insurance Database. development and computer costs Motor expenses Depreciation Bank charges Audit and ac¢ovniancy fees Sltndry ¢xp¢nses 237.676 10,852 12226 9.075 185014 3,617 4,075 3.025 423,490 14,469 16JOI 12,100 379,554 11.077 16,445 12,400 16W2 2,968 8517 iiJii 7200 5,627 990 2.839 3.770 2,400 22509 3,958 IlJ56 15,081 9,600 15,104 8,972 13.372 19,365 7,800 Page: 28
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FtNANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST DECEMBER 2022 4. Opernting (Deficity Surplus The operating {d¢ficitysurplus is stated after ¢harging: 2022 2021 Administration expenses includin8= Depreciation Auditors remuneration - audit fees - for aQUntaY work liJ56 13,372 3.760 5. Staff Costs 2022 2021 Wages and salaries Social 5eGurity costs Pension costs 741,020 6&0 75 651,299 59,306 The number of staff to whorn retirement benefits are accruing under a defsTKd contribution pension scheme is twenty (2021.. twenty). The average number of employees during ihe year w&% ts¥enty two (2021.. Nenty one). The number of employees Teceiving remuneration in excess of £60.000 p.a. is as follows".- 2022 2021 £70,(N)1- £80,000 £90.(KJ I - £100.(KIO The key management personnel of the company comprise the trustees. the President and the Chief Executive. The total employee b¢n¢fits of th¢ key management p¢rsonn¢l were £206.047 (2021.. £202.287). 6. Taxation The charity is considered to pass the test5 Set out in Pardgrdph I Schedule 6 Finance Act 2010 and therefore it meets the definilion of a ¢haritsble ¢OTTtpany for UK corporation purwses. Accordin8ly. th¢ ¢harity is potentially exempt from tsxation in respect of income or capitsl gains received within categories covered by Chapier 3 Part I I Corporation Tax Act 2010 or Se¢iion 256 of the Taxation of Chargeable Gains Act 1992. to the exlent that such income or gains ar¢ applied ex¢lusiv¢ly to charitable purposes. Intangible Fixed Assets CRM Sy$¢em Cost Additions and At 3 1st t)e¢¢mber 2022 No amortisation has been provided the CRM System was not used until after the end of the accountin8 period. Page.. 29
[ERNATIONAL ANIMAL RESCUE (LJMTfED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31ST DECEMBER 2022 8. Tangible Fixed A55ets Freeknld Property Plant & Motor Machillery Vehicks To¢al Cost At 1st January 2022 Additions Disposals At 31 st December 2022 216.430 88.921 2J91 32.lYIO 337J51 2J91 91 339 742 D¢pre¢iation Ai 1st JanLsary 2022 Charge for the year On disposals At 31 st tk¢eTnber 2022 90.704 4J29 63J78 5,168 24365 1859 178347 IlJ56 424 Net Book Value At 315t December 2022 At 3 1st December 2021 9. Investments 2022 2021 Market value at I st January 2022 Acquisitions L¢ss: Disposals $354,194 907.642 5,034,234 929.467 1236012 4,906,083 4.727.689 526 505 Net unreali5ed {lossygain on revaluation Market value of listed investments at 31 st D¢¢¢mber 2022 Historical cost at 3 1st t)ecember 2022 All investments are listed on a re¢ognised stock exchange. An analysi5 of investments is as follows.. 2022 2021 Overseas Investments UK Overseas Investments Investments UK Inv¢stm¢nts Total Total Debt Instruments Equities 621261 146J65 . 767J26 499.272 2 099 830 206.510 705,782 2448582 4548412 Page: 30
YTERNATIONAL ANIMAL RESCUE (LtMITED BY GUARAiYfEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 10. Debtors 2022 2021 tkrivative asset Other debtors Prepayments 21.726 74,068 199.175 I l. Creditors: amounts falling due within one year 2022 2021 Trade creditors Other taxes and so¢ial security costs Derivative liability Other crgditors Accruals 28J52 24.611 64086 21,730 32.844 17,642 5.699 12. International Animal Rescue Trading Limi¢ed The Charity holds l iKIO/o of the issu¢d share ¢apital of Int¢rnation&l Animal Rescue Trading Limited (2 ordinary £15hare5). The company was dorniant thr()ughout the year. 2022 2021 The assets and liabilities of the subsidiary were: Assets Liabilities 3,773 3.773 Aggregaie Share ¢apithl and reserves Consolidated financial ststem¢nts have not t*¢n prepared for the Group on the grounds that the subsidiary is not material and ihe costs of preparing Group financial siaiem¢nts outweigh the benefits arising from them. 13. Share Capital The company is limiied by guaTantee having no share capitsl and members having a liability not exceeding £1 O each. Page= 31
INTERNATtONAL ANIMAL RESCUE (LIMITED BY GUAIiANTEE) NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31ST DECEMBER 2022 14. FiDanci*l IDstrumeDIs 2022 2021 Financial &ssets measured at fair value throu8h income account IS. Restricted Funds At 1$¢ January 2022 A¢31$t December 2022 Income Expcnditure Orangutan Conservation Costa Rica Build Arnienia Bears Oranguthn Release Progrdmme Tr¢e Planting in Indonesia Ukraine Animal Rescue5 Lisa Milella Veterinary tkntal Fund 119.778 (119,778) (187,636) (94,738) 448.080 260,444 94.738 15 15389 16 4,780 (16840) (4.780) Prior Year At 1st Janu8ry 2021 At31st December 2021 Income Expenditure Ordngutan COnseation Costa Rica Build Am)¢nia Bea Ordngutan Release Progrdmme 9.025 500.001 101260 (9.025) {51,921) (101260) 448,080 IAR received £120k of restricted fundin8 during 2022 for Orangutsn conservatioti work in Indonesi4 £95k of funding for the Arnienia Great Bear Rescue projec¢ £17k for tree planting in Indonesia and £5k for animal rescues in Ukraine. All of these funds were fully utilised during the financial year. £188k of th¢ £448k r¢stri¢ted fund brought forward for building a new wildlife ¢entr¢ in Costs Rica was speni during 2022. £9k was received for the Lisa Milella Veterinary Dental Fund. £16k of restricted funds was broughi forward for the purpos¢ of d¢signin8 a new transmitter system for post-release Tnonitoring of orangutsns. t)u¢ to ongoing issues with testing of the prototypes, these funds remained unspent in 2022. IAR is in discussions with its partners as to how best to proceed. Page.. 32
INTERNATIONAL ANIMAL RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31ST DECEMBER 2022 16. Unres¢ricted Fund$ Ai 1st January 2022 Unre2li5ed At 31st attd realised December 2022 ID¢ome Expenditllre General Fund Prior Year Atl January 2021 Unrealised At315t and rEalised De¢eTnber gain5 2021 Income Expenditure General Fund 17. Analysis of Net Assets between Funds Uores¢ricted Restricted Total Intangible fixed assets Tangible fixed assets Inve5tm¢rkts Stock Debtors Cash at bank Other n¢t ¢urrent liabilities 59¥7 149539 4.066,990 14,160 224J91 395J07 168 91 S987 149539 4,066,990 14,160 224291 680275 284,968 Prior Year Unrestricted Restricted Total Tangibl¢ fixed &ssets Investments Stock Debtors Cash at bank her net current liabilities 158,504 5.254.194 13.633 103.869 524,845 88 969) 158,504 5,254,194 13.633 103,869 988,814 463.969 Page: 33
fERNATIONAL ANIMAL RESCUE ILIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEiYrs FOR THE YEAR ENDED 31ST DECEMBER 2022 l& Relatsd Party Trnnsactions Grants and expenses totalling £203.676 (2021: £164.494) were paid to Catastrophes Cat Rescue. The parther of Alan Knight. President ol IAK is the founder and trustee of Catastrophes Cat Rescue. Accounting %rvic¢s a provided fre¢ of ¢har8e Catastrophes Cat ReU¢. Accounting services fees of £4,600 (2021: £1.400) were charged to British Divers Marine Life Rescue, and office space 15 provided free of charge. Alan Knighi President of IAR. is a trustee of British Divers Marine Life Rescue. All transactions were approved by the Board of Trustees. 19. Trustees remuneration and expellqes No remuneration or expenses were paid by the charity to any Trustee during this year or the previous year. 20. Notes to tbe Cash Flow S¢at¢ment Reconciliation of net (defieity Surp1 lo met (outflow) inflow from operating activities 2022 2021 Operating (deficit) (382,192) (24,926) Depreciation (Increase) in stocks Movement on derivative &t (Increase) in debtors Increase in creditors IlJ56 (527) (86,612) (120.422) 13,372 (5,488) 18.071 (15,380) 21 Net (oufflowyinflow from operating activities Page= 34