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2024-12-31-accounts

Charity registration number 1184965 (England and Wales)

ANIMAL JUSTICE PROJECT TRUST CIO

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

ANIMAL JUSTICE PROJECT TRUST CIO

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms S L Dedakis D Otieno Ms F Dawes Charity number (England and Wales) 1184965 Principal address 27 Old Gloucester Street London WC1N 3AX Independent examiner Mark Garrett Chartered Accountant 23 Leafield Industrial Estate Leafield Way Corsham Wiltshire SN13 9RS

ANIMAL JUSTICE PROJECT TRUST CIO

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Statement of cash flows 6
Notes to the financial statements 7 - 12

ANIMAL JUSTICE PROJECT TRUST CIO

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's consitution and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.

Objectives and activities

The charity's object is to educate the public about veganism and there has been no change in these during the year.

Public benefit

In all our activities the trustees have complied with our duty to have due regard to guidance on public benefit published by the charity commission.

Activities

As a funding body, the charity’s principal activities are to fundraise and then provide grants to projects which align with the charity’s objectives.

Achievements and performance

Significant activities and achievements against objectives

The charity is proud to have provided over £42k of financial support covering specific costs of multiple Animal Justice Project campaigns which the trustees considered aligned with the charity's objectives and did not endanger the charity, including:

This is slightly less than the prior year, but we believe still amounts to a significant impact.

Financial review

The charity's financial position is that it is in surplus with no significant commitments.

Reserves policy

We have no reserves as we have no significant outgoings or liabilities at this time.

ANIMAL JUSTICE PROJECT TRUST CIO

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

We have no deficits at this time.

We also have no major financial risks at this time.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The charity's only activity is to make grants, which it does from donations received. Its sole overhead is its accounting software subscription which is not a significant cost. The trustees do not believe that there are any significant risks.

Structure, governance and management

The charity is a charitable incorporated organisation and its constitution can be found at https://drive.google.com/ file/d/1_-alkWNpjZ5BlMkUD8wR-pkpVyBJ4iuY/view?usp=sharing

The trustees who served during the year and up to the date of signature of the financial statements were: Ms S L Dedakis

D Otieno Ms F Dawes

Recruitment and appointment of trustees

The trustees are recruited from persons with a known alignment with the charity's objectives.

Organisational structure

The charity is controlled by its trustees. It has no employees.

The trustees' report was approved by the Board of Trustees.

D Otieno

Trustee

8 October 2025

ANIMAL JUSTICE PROJECT TRUST CIO

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ANIMAL JUSTICE PROJECT TRUST CIO

I report to the trustees on my examination of the financial statements of Animal Justice Project Trust CIO (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Mark Garrett Chartered Accountant

23 Leafield Industrial Estate Leafield Way Corsham Wiltshire SN13 9RS 9 October 2025

ANIMAL JUSTICE PROJECT TRUST CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted Unrestricted
funds funds
2024 2023
Notes £ £
Income from:
Donations and legacies 3 68,560 89,320
Charitable activities 4 - 161
Total income 68,560 89,481
Expenditure on:
Charitable activities 5 61,969 87,533
Total expenditure 61,969 87,533
Net income and movement in funds 6,591 1,948
Reconciliation of funds:
Fund balances at 1 January 2024 8,931 6,983
Fund balances at 31 December 2024 15,522 8,931

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

ANIMAL JUSTICE PROJECT TRUST CIO

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
The funds of the charity
Unrestricted funds
14		 2024
£
214
16,410
16,624
(1,102)		 £
15,522
15,522
15,522		 2023
£
-
8,931
8,931
-		 £
8,931
8,931
8,931

The financial statements were approved by the trustees on 8 October 2025

Ms S L Dedakis Trustee

ANIMAL JUSTICE PROJECT TRUST CIO

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024

2024
Notes
£
Cash flows from operating activities
Cash generated from operations
16
Net cash generated from investing activities
Net cash generated from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2023
£
£
7,479
-
-
7,479
8,931
16,410		 £
1,948
-
-
1,948
6,983
8,931

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Animal Justice Project Trust CIO is a Charitable Incorporated Organisation.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 68,560 89,320
4 Income from charitable activities
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Miscellaneous income
Ancillary trading income - 161
5 Expenditure on charitable activities
Grant Grant
making making
2024 2023
£ £
Direct costs
Grant funding of activities (see note 6) 61,508 87,228
Share of support and governance costs (see note 7)
Support 461 305
61,969 87,533
Analysis by fund
Unrestricted funds 61,969 87,533

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

6 Grants payable
Grant Grant
making making
2024 2023
£ £
Grants to institutions (7 grants):
Grants to Animal Justice Project Limited 61,508 7,200
Other - 80,028
61,508 87,228
-
7 Support costs allocated to activities
2024 2023
£ £
IT and software costs 364 305
Insurance 97 -
461 305
Analysed between:
Grant making 461 305
8 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements - -

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Debtors

12
Debtors
Amounts falling due within one year:
Other debtors
13
Creditors: amounts falling due within one year
Other creditors		 2024
£
214
2024
£
1,102		 2023
£
-
2023
£
-

14 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January Incoming Resources At 31
2024 resources expended December
2024
£ £ £ £
General funds 8,931 68,560 (61,969) 15,522
Previous year: At 1 January Incoming Resources At 31
2023 resources expended December
2023
£ £ £ £
General funds 6,983 89,481 (87,533) 8,931

15 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

ANIMAL JUSTICE PROJECT TRUST CIO

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

16
Cash generated from operations
Surplus for the year
Movements in working capital:
(Increase) in debtors
Increase in creditors
Cash generated from operations
17
Analysis of changes in net funds		 2024
£
6,591
(214)
1,102
7,479		 2023
£
1,948
-
-
1,948

The charity had no material debt during the year.