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← The Captive Animals Protection Society

2023-12-31-accounts

Company number 2086775 Registered charity number 1124436

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Captive Animals’ Protection Society

Financial statements for the year ended 31 December 2023

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Captive Animals’ Protection Society Reference and Administrative Information for the year ended 31 December 2023

Company number 2086775

Charity number 1124436

Other names used Freedom for Animals

Registered office 83 Ducie Street Manchester M1 2JQ

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Patrick Morrello Maria Soledad Iriart Tina Matthew Julie Boyd Vanessa Amoroso Laure Boissat

Key management personnel

Dr Andrew Kelly – Director

Laura Tomlinson – Fundraising Manager (appointed 1[st] February 2023) Laura Walton-Banks – Campaigns Manager (appointed 8[th] August 2022)

Bankers Barclays Bank Plc 1 Churchill Place London E14 5HP

Independent examiner Kathleen Moss ACMA CGMA 48 Lawn Terrace London SE3 9LP

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

The Trustees present their report and the unaudited financial statements for the year ended 31st December 2023. Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Structure, Governance and Management

Governance

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 Dec 2023 was six. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in Note 10 to the accounts.

Board Meetings are held at least quarterly, the Director attends all Board meetings and provides operational reports. A two-day planning and development meeting also takes place with Board, Director, staff and volunteers.

Appointing Trustees

Trustees are advertised for and must complete an application form in order to be shortlisted for a trustee position. Current trustees consider the applications, interview potential trustees and determine whether the person would be an appropriate trustee for the charity. The trustees meet at least four times a year. The organisation is a charitable company limited by guarantee, incorporated on 2nd January 1987 and registered as a charity on 10th June 2008.

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

Objectives and Activities

The Captive Animals’ Protection Society has used the name Freedom For Animals in all publicity materials since 2019 and hereinafter will be referred to as Freedom For Animals or FFA. It is a UKbased charity leading the campaign to end the captivity of animals, especially those used for entertaining the public in zoos, aquariums, circuses and the media industry. FFA carries out undercover investigations, research, campaigns, political lobbying and education. Our evidence-based campaigns and strong ethical basis ensure we can make a significant difference to the lives of animals in ending their exploitation.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity’s aims, objectives and activities remain focused on its stated purposes.

Main Activities

The charity publishes material both on paper and via its website exposing the suffering of animals in captivity. The charity uses social media and traditional media to raise awareness of the plight of animals. The charity distributes information and resources to individuals to educate the wider public of the issues surrounding animals used in entertainment. Research and investigations are carried out regularly in order to have evidence to create positive change for animals. The government is lobbied where the law could be changed to help animals used within the entertainment industries. Local authorities are lobbied to call on them to robustly enforce existing legislation as appropriate.

Public Benefit

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

In charity law the advancement of animal welfare is recognised as a charitable purpose. It is in the public’s interest to develop a more compassionate attitude towards non-human animals. The work of the charity benefits the public by helping them to become aware of and respect animals’ inherent value through information and education. The charity helps people who are upset about the way animals are used in entertainment or held captive, by enabling them to volunteer and contribute to the work of the charity.

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

The charity is regularly contacted by students from primary school up to university level. For students studying an issue that the charity works on, the charity's contribution is vital to ensure a non-biased informed project and motivates students who are passionate about the issues we work on.

Achievements and Performance

2023 marked 66 years of fighting for animals since CAPS (now Freedom for Animals) was founded by Irene Heaton, a retired school teacher who was concerned about the exploitation and abuse of captive wild animals, particularly those in circuses and zoos. However, 2023 was yet another tough year for FFA and the wider charity sector. Fundraising continued to be challenging due to the difficult economic climate and cost of living crisis, but we worked very hard to ensure that we were able to continue fighting for animals. In February we recruited a new Fundraising Manager and have reviewed our Fundraising Strategy and in 2024 we will focus on growing our regular donor base (Freedom Champions). FFA continued to work relentlessly to bring an end to the abuse and exploitation of animals for human entertainment in zoos, aquariums, mobile zoos (and other live animal performances), circuses, bird of prey centres, TV and media and the exotic pet trade.

Throughout the year, FFA continued to actively scrutinise the zoo industry, raising public awareness of the animal protection and ethical issues posed by the keeping of wild animals in captivity. We continued to focus particularly on those zoos which were blatantly falling short of the minimum standards required under the Zoo Licensing Act, and causing the highest level of harm to animals. We continued to develop our Road Map to Zoo Closures, developing and encouraging the use of alternatives to zoos, including sanctuaries accredited by the Global Federation of Animal Sanctuaries (GFAS) and virtual wildlife experiences. In 2022, we agreed to provide financial support for a new initiative called ZooAtronic which aims to develop an alternative, immersive experience to promote a cruelty free educational experience without the use of live animals. This initiative is progressing well and we will continue to support it in 2024 and beyond. The grant was paid in early 2023 and so appears in these accounts (see note 7). We also donated £5,000 to Wild Futures, a sanctuary caring for monkeys rescued from the pet trade.

FFA continues to advocate for zoo closures. We have called on Department of Food and Rural Affairs (DEFRA) to phase out elephants from UK zoos, starting with a prohibition on breeding elephants in captivity and a ban on any new elephants entering UK zoos. It has been known for over two decades that elephants do not thrive in captivity yet still zoos continue to keep and breed them.

Our small team continued to work tirelessly on a wide range of issues involving captive animals. Thanks to several legacies received from generous benefactors, many of whom have been long term supporters of FFA, we are in an excellent position to grow our work in 2024 and beyond. We have started to develop a new five-year strategy which will be finalised in 2024 and launched early in 2025.

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Captive Animals’ Protection Society Trustees’ Report

for the year ended 31 December 2023

FFA continued to engage constructively with decision makers at DEFRA and local authorities to call for the end of the use of animals for human entertainment.

The Animal Welfare (Sentience) Act 2022 finally received Royal Assent in April 2022 following a long campaign by animal protection organisations, including FFA. This was a huge milestone, with animals being recognised as being sentient under UK law. As part of the Better Deal for Animals Coalition, a coalition of like-minded UK based animal protection groups, FFA continued to call for progress on the Kept Animals Bill which we hoped would make progress through Parliament in 2022. This much needed piece of legislation would have brought an end to the keeping of primates (such as marmosets and squirrel monkeys) as pets, something which FFA has long campaigned for. Unfortunately, the Bill was carried over to the 2022-23 parliamentary session and was awaiting a date for Report stage. On 25 May 2023, Mark Spencer, the Secretary of State for Environment, Food and Rural Affairs, announced that the Bill would not continue any further. FFA will continue to work with the Better Deal for Animals coalition to call on the next government to reintroduce the Bill.

We expect other opportunities to arise in 2024, including the potential phasing out of tethering of birds of prey in zoos and an end to touch pools in aquariums in 2024/25.

The charity’s main activities and who it tries to help are described below. All its charitable activities focus on ending the captivity of animals, especially those used for entertaining the public, and are undertaken to further the Captive Animals’ Protection Society’s charitable purposes for public benefit.

Animal Circuses

Over the past few years, FFA has welcomed bans on the use of wild animals in travelling circuses in England (2020), Wales (2020), Scotland (2019) and the Republic of Ireland (2018). Freedom for Animals, along with other like-minded organisations welcomed and hailed these bans as significant steps forward for animals and huge milestones in achieving FFA’s objectives. However, while we have welcomed these bans on the use of wild animals in travelling circuses, many domesticated animals including horses and dogs are still exploited in travelling circuses and we will continue to campaign for an end to the use of any animals in travelling circuses. In 2023 we started an investigation into the use of domesticated animals such as ponies and dogs in travelling circuses. We found significant animal welfare issues and will continue to investigate into 2024. We will aim to publish a report into the use of domesticated animals in June 2024 and launch a campaign calling for the ban on the use of wild animals in travelling circuses to be extended to all animals.

Zoos and Aquariums

In 2021 we published our latest report into the aquarium industry ‘A study of the Conservation Status of Species Held in British Aquariums’. We found that over 90% of species kept in aquariums in Great Britain were not endangered in the wild, exposing the conservation myth perpetuated by aquariums and zoos. In 2023 we raised our concerns about the keeping of live penguins in a barren environment

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Captive Animals’ Protection Society Trustees’ Report

for the year ended 31 December 2023

in a UK aquarium and will campaign for an end to this in 2024. We will continue to highlight the exploitation of animals for entertainment in these settings. We will launch a campaign in 2024 calling for an end to the breeding and keeping of penguins at aquariums in the UK.

We continue to build on our successful Tether and Torment campaign launched in 2019 and have called on DEFRA to introduce a ban on this cruel restraint which prevents birds from exhibiting their natural behaviour. In May 2022, we responded to a DEFRA consultation on a review of zoo standards which included a section specifically seeking views on the introduction of a ban on tethering of birds of prey and a ban on touch pools in aquariums. Following a successful fundraising campaign in December 2023 we will refresh our campaign in 2024 and renew our calls for a ban on tethering. We hope to see these cruel activities prohibited in the near future.

During Zoo Awareness Weekend which ran between 7[th] and 10[th] April, we highlighted the plight of animals in zoos and aquariums across the UK. Many of our supporters and grassroots activists took to the streets to hold protests and information stalls across the UK. Activists from London, Belfast, Merseyside, Brighton, Leicestershire, Nottinghamshire and the North East all held impactful demonstrations to educate the public on the truth behind the zoos and aquariums.

In 2021 the 10 year report commissioned by DEFRA to review the welfare of elephants in UK zoos was completed and submitted to DEFRA by the Elephant Welfare Group. It was reported in the media that DEFRA is considering the phasing out of elephants from UK zoos. The Minister with responsibility for zoos and animal welfare confirmed that a review into the welfare of zoo elephants was being carried out which would be completed in 2022. However, DEFRA has still not announced a decision. As we enter 2024, we will continue to call for an end to the keeping of elephants (and other species) in zoos. If DEFRA were to take the decision to phase out elephants from zoos it would be the first time a species was banned from zoos on animal welfare grounds – a major step in the right direction.

Exotic Pet Trade

The ‘exotic’ pet trade and the mobile zoo industry are inextricably linked. Mobile zoos encourage members of the public to seek out new and unusual animals to be kept as pets. In 2023 we continued to work with a coalition of like-minded organisations to call for an end to the keeping of primates as pets and for stronger protection for non-traditional ‘exotic’ pets. We also worked with other likeminded organisations to highlight concerns about illegal activity at reptile trading events and called for better enforcement by local authorities. As a result of our work, local authorities have been investigating illegal activity at planned exotic pet trade events around the country and many venues have refused to host such events due to animal protection and illegal trading issues.

Mobile Zoos and Other Live Animal Events

Following the introduction in 2019 of the Animal Welfare (Licensing of Activities Involving Animals) (England) Regulations 2018, we have been conducting research on the mobile zoo industry. Thanks to funding from the JG Hogg Trust, we commenced an investigation into the mobile zoo industry in 2022

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

which continued throughout 2023 and which will continue into 2024. This work proved more challenging than anticipated due to the scale of the industry and the lack of consistency between local authorities in inspecting and licensing mobile zoo businesses. We aim to publish a full report in 2024, which we will use to lobby for an end to mobile zoos. We continue to lobby local authorities to ban mobile zoo events from council-owned property on animal welfare, public health and ethical grounds.

In 2023, we continued our annual festive events campaign, targeting events that used live animals including reindeer and camels and calling on event organisers to become animal free. This campaign has been very successful over the years and we have seen a significant number of events going animal free as a result. This campaign will continue in 2024 and beyond until no animals are exploited for profit at festive events. We will also continue to promote animal-free alternatives. 44 events that we know to have used live animals between 2018-2022 were confirmed animal-free in 2023. In addition to this 109 events that we know to have used live animals between 2018-2022 didn't confirm themselves animal-free this year, but didn't advertise animal use or have any evidence of animal use in photos published of the event. A total of 153 events that exploited animals that have made the move to being animal-free since 2018.

Public Support and Outreach

Public support and outreach continued in 2023 and we continued to help students from primary schools, secondary schools and from colleges and universities within the UK and further afield with requests for information about our work.

Supporter Base

In 2023 we continued to grow our supporter base and social media footprint. At the end of the year our email database contained 4,790 supporters up 2% on the previous year and we added 918 new supporters to our CRM database of which 179 donated for the first time. At the end of 2023 we had 201 regular donors, our Freedom Champions. Donor retention remains high at 54% (UK average rages from 40-50%). In 2024 we intend to focus on recruiting more Freedom Champions to ensure our future sustainability.

We currently have over 58,000 followers on Facebook (no change from 2022), over 27,000 followers on X , formerly Twitter (up 2% on 2022) and almost 1200 on Instagram (up 11% on 2022). In 2024 we will recruit a new Digital Marketing & Brand Communications Manager who will be tasked with reaching new audiences using existing and new platforms.

Calls to Action and Media Coverage

In 2023 we called on our supporters to take action to support seven campaigns. A total of 4,627 supporters took part in those actions calling for change. Four press releases relating to campaigns were issued and Freedom for Animals was quoted in at least 25 media articles.

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

Attending Events

In 2023 we attended several events including VegFest in London and the annual Vegan and Animal Rights Conference in Luxembourg. These events give Freedom for Animals the opportunity to recruit new supporters and to educate the public on our charitable objectives.

Recognising Volunteers

In 2023 we started a review of our volunteer programme. We have benefited from the contribution of a number of dedicated volunteers who have assisted with campaigns, investigations and fundraising. We have started to develop a Volunteer Policy which will maximise the benefits to Freedom for Animals and the volunteers who work with us.

Beneficiaries

The beneficiaries of our activities are ultimately the non-human animals that are kept in captivity to be used for human entertainment. Where we are successful in persuading organisations not to use animals, ultimately fewer animals are kept in captivity. We also benefit people by encouraging them to view the world with compassion, which promotes their well-being and the well-being of other people in their lives.

Financial Review

During the year the charity was fortunate to receive new legacies totalling £71,990 (2022: £8,248). Of these, £45,793 (2022: £38,836) had not yet been received at the year end and this sum is included in accrued income (note 12). As well as donations from our supporters, we were grateful to receive £20,000 grant funding from the JG Hogg Foundation in 2023. Wage costs increased significantly in the year as the charity increased the number of staff, and the charity posted a deficit for the year of £62,193 (2022: £46,127). The deficit is within budget and is part of our long term plan to increase the impact and reach of the charity by investing in staff.

Reserves Policy

The Reserves Policy was reviewed in 2022. The Reserves Policy is to ensure that the charity has sufficient cash to enable it to pay staff and other core costs for a period of six months. This means that at the current level of expenditure, reserves need to be maintained at £100,000. Currently, reserves are £522,593 and the charity is budgeting for deficits to bring reserves to the required level.

Related parties and relationships with other organisations

Patrick Morrello is a trustee and a director of Third Sector Accountancy Limited, which provides accountancy services to the charity. The details are set out in note 9.

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

Plans for the Future

With our new Director in place since December 2021, we are focusing on strengthening our fundraising, campaigning and communications work. In 2023, we started to develop a five-year strategy which will be further developed in 2024 and will be launched early in 2025.

We will also review our Fundraising Strategy, developing longer term plans and explore how we can further diversify our fundraising income creating a more sustainable funding base. We will grow our fundraising through regular giving and strengthening our relationships with Trusts and Foundations. We will work with online platforms to identify new potential supporters and will review our supporter journey to recruit regular donors (Freedom Champions).

In August 2022 we appointed a new Campaigns Manager to drive forward our campaigning work. Our campaign work will be reviewed in 2024 as we develop our new five-year strategy and we will identify and prioritise key campaign areas.

In February 2023, we appointed a new Fundraising Manager and we are in the process of reviewing and developing our Fundraising Strategy to ensure a sustainable future for Freedom for Animals.

In 2024 we intend to recruit a new Digital Marketing and Brand Communications Manager as part of our long term strategy to reach new audiences and recruit new supporters.

Some of the above plans have been delayed due to our Director’s long-term sick leave. However, we anticipate that all of the above will progress well in 2024 and beyond.

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Captive Animals’ Protection Society Trustees’ Report for the year ended 31 December 2023

Statement of responsibilities of the trustees

The trustees (who are also directors of Captive Animals’ Protection Society for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006. The trustees’ annual report has been approved by the trustees on and signed on their behalf by:

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Patrick Morrello Trustee

26 / 09 / 2024

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Captive Animals’ Protection Society Independent Examiner’s Report

I report on the accounts of the charity for the year ended 31 December 2023 set out on pages 11 to 21.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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Kathleen Moss ACMA CGMA 48 Lawn Terrace London SE3 9LP

26 / 09 / 2024

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Captive Animals Protection Society

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31st December 2023

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
110,439
Investments
4
4,913
Total income
115,352
Expenditure on:
Raising funds
5
24,698
Charitable activities
6
153,487
Total expenditure
178,185
8
(62,833)
Transfer between funds
-
Net movement in funds for the year
(62,833)
Reconciliation of funds
Total funds brought forward
562,916
Total funds carried forward
500,083
Net income/(expenditure) for the year		 Restricted
funds
£
20,000
-
20,000
-
19,360
19,360
640
-
640
21,870
22,510		 Total funds
2023
£
130,439
4,913
135,352
24,698
172,847
197,545
(62,193)
-
(62,193)
584,786
522,593		 Unrestricted
funds
£
47,272
628
47,900
11,206
97,615
108,821
(60,921)
-
(60,921)
623,837
562,916		 Restricted
funds
£
33,869
-
33,869
-
19,075
19,075
14,794
-
14,794
7,076
21,870		 Total funds
2022
£
81,141
628
81,769
11,206
116,690
127,896
(46,127)
-
(46,127)
630,913
584,786

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Captive Animals Protection Society Company number 2086775

Balance sheet as at 31st December 2023

Note
£
£
Fixed assets
Tangible assets
12
2,437
Current assets
Stock
1,023
Debtors
13
50,252
Cash at bank and in hand
471,343
Total current assets
522,618
Liabilities
Creditors: amounts falling
due in less than one year
14
(2,462)
Net current assets
520,156
Net assets
522,593
The funds of the charity:
Restricted income funds
15
22,510
Unrestricted income funds
16
500,083
Total charity funds
522,593
2023		 £
£
94
1,022
42,855
545,896
589,773
(5,081)
584,692
584,786
21,870
562,916
584,786
2022

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 13 to 21 form part of these accounts.

26 / 09 / 2024

Approved by the trustees on ________ and signed on their behalf by:

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Patrick Morrello (Trustee)

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Captive Animals Protection Society meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The charitable company was under the control of the Trustees during the period under review. There is no single ultimate controlling party.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Judgments and estimates

The trustees have made no key judgments which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

d Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

h Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Equipment 25%

i Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

j Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

3 Income from donations and legacies

Donations
Legacies
Other fundraising
Total
Comparative period
Donations
Legacies
Other fundraising		 Unrestricted
£
37,367
71,990
1,082
110,439
Unrestricted
£
38,905
8,248
119
47,272		 Restricted
£
20,000
-
-
20,000
Restricted
£
33,869
-
-
33,869		 Total 2023
£
57,367
71,990
1,082
130,439
Total 2022
£
72,774
8,248
119
81,141

4 Investment income

All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.

5 Cost of raising funds

Fundraising expenses
Staff costs		 2023
£
12,821
11,877
24,698		 2022
£
3,691
7,515
11,206

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

6 Analysis of expenditure on charitable activities

Staff costs
Staff expenses
Campaign costs
Grants paid
Postage
Website
Legal and professional
Premises
Overheads
Governance costs
Restricted expenditure
Unrestricted expenditure
7
Grants paid
Zooatronic Limited
Wild Futures		 Total 2023
£
106,892
3,719
10,325
16,538
5,594
8,096
8,187
2,358
7,246
3,892
172,847
19,360
153,487
172,847
Total 2023
£
11,538
5,000
16,538		 Total 2022
£
82,892
1,346
1,093
-
5,427
9,186
4,883
2,320
6,948
2,595
116,690
19,075
97,615
116,690
Total 2022
£
-
-
-

All grants were paid to institutions in pursuit of the objectives of the charity. Zooatronic is developing a digital zoo and Wild Futures is a GFAS accredited sanctuary looking after monkeys rescued from the pet trade.

This is stated after charging/(crediting):
Depreciation
9
Staff costs
Wages and salaries
Pension costs
Social security costs
Independent examiner's fee		 2023
£
614
300
2023
£
115,222
1,399
-
116,621		 2022
£
173
300
2022
£
79,165
544
-
79,709

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

No employee has employee benefits in excess of £60,000 (2022: Nil).

The average number of staff employed during the period was 4.8 (2022: 3.5). The average full time equivalent number of staff employed during the period was 2 (2022: 2). The key management personnel of the charity comprise the trustees, Director, Fundraising Manager and the Campaigns Manager. The total employee benefits of the key management personnel of the charity were £82,829 (2022: £58,563).

10 Trustee remuneration and expenses, and related party transactions

Neither the trustees nor any persons connected with them received any remuneration during the year (2022: Nil).

One trustee received expenses reimbursements of £139 during the year (2022: £554 - two trustees).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Patrick Morrello is a director of Third Sector Accountancy Limited and a trustee of the charity. During the year the charity paid Third Sector Accountancy Limited £3,836 (2022: £3,246) for accountancy and book-keeping services.

11 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

12 Fixed assets: tangible assets

Cost
Additions
Depreciation
Charge for the year
Net book value
At 1st January 2023
At 31st December
At 1st January 2023
At 31st December
At 31st December
At 31st December		 Office
equipment
£
2,695
2,957
5,652
2,601
614
3,215
2,437
94

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

13
Debtors
Accrued legacies
Prepayments
14
Creditors: amounts falling due within one year
Creditors and accruals
Taxation and social security costs
15
Analysis of movements in restricted funds
Current reporting period
Balance at
1st January
2023
Income
£
£
6,220
-
15,650
20,000
Total
21,870
20,000
Big Give 2021
Mobile Zoo Work JG
Hogg		 2023
£
45,793
4,459
50,252
2023
£
1,126
1,336
2,462
Expenditure
£
(3,710)
(15,650)
(19,360)		 2022
£
38,836
4,019
42,855
2022
£
1,617
3,464
5,081
Transfers
£
-
-
-		 Balance at
31st
December
2023
£
2,510
20,000
22,510

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

Previous reporting period

Total
Big Give 2021
Name of
restricted fund
Mobile Zoo Work: JG
Hogg
J Hogg 2022
Mobile Zoo Work JG
Hogg
Big Give 2021		 Balance at
1st January
2022
Income
Expenditure
Transfers
Balance at
31st
December
2022
£
£
£
£
£
5,351
869
-
6,220
1,725
20,000
(6,075)
-
15,650
-
13,000
(13,000)
-
-
7,076
33,869
(19,075)
-
21,870
Description, nature and purposes of the fund
For an active response team for animals
To expose and campaign against the mobile zoo industry, following the
introduction of the Animal Activity Licences. This includes researching and
investigating as well as work to lobby councils to ban mobile zoos on their land
and campaigning against the use of animals in festive events.

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

16 Analysis of movement in unrestricted funds

Comparative period
General fund
General fund		 Balance at
1st January
2023
£
562,916
562,916
Balance at
1st January
2022
£
623,837
623,837		 Income
£
115,352
115,352
Income
£
47,900
47,900		 Expenditure
£
(178,185)
(178,185)
Expenditure
£
(108,821)
(108,821)		 Transfers
£
-
-
Transfers
£
-
-		 As at 31st
December
2023
£
500,083
500,083
As at 31st
December
2022
£
562,916
562,916

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Captive Animals Protection Society

Notes to the accounts for the year ended 31st December 2023 (continued)

17 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Comparative period
Tangible fixed assets
Net current assets/(liabilities)
Total		 General
fund
£
2,437
497,646
500,083
General
fund
£
94
562,822
562,916		 Designated
funds
£
-
-
-
Designated
funds
£
-
-
-		 Restricted
funds
£
-
22,510
22,510
Restricted
funds
£
-
21,870
21,870		 Total 2023
£
2,437
520,156
522,593
Total 2022
£
94
584,692
584,786

22

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