Registered nuTMber: 04311334
Charlty numb&r: 201654
Friends of Animals League
(A company limited by guarantee)
Trustees, report and financial statements
For the year ended 31 December 2023

Friends of Anlmals League
{A company limited by guarantee)
Contents
Page
Reference and admlnlstrative details of the companyi Its Trustees and advisers
Trustees, report
Independent auditors, report on the flnanclal statements
8-12
statement of financial activltles
13
Balance shoet
14
Statement of ¢ash flows
15
Notes to the financlal statements
16-32

Frlends of Animals Leaguè
{A company Ilmited by guarantee)
Reference and administrative details of the company, Its Truste&s and advisers
For the year ended 31 December 2023
Trustees
Paul Dewdney, Chairman
Charles Johnston, Vice Chair
Elizabeth Cordingley
Edward Knox, Treasurer for 2022 (resigned 21 January 2023)
Cheryl Vernon
Nicolas Bennell, Treasurer for 2023
Frances Sheehan lappoinled 21 January 20231
Julie Bowden {appoinled 26 February 20241
Company registered
number
04311334
Charity registered
number
201654
Registered office
Jail Lane
Biggin Hill
Kent
TN16 3AX
Independent auditors
Kreslon Reeves LLP
Chartered Accounlanls
Slalulory Auditor
37 Sl Margaret's Street
Canterbury
Kent
CT12TU
Page 1

Friends of Animals League
IA company limited by guarantee)
Trustees, report
For the year ended 31 December 2023
The Tiuslees present Iheir annual report together wilh the au(Siled financial slalemenls of the Friends of Animals
Lea9ue for the year ended 31 December 2023. The Annual report serves the purposes of both a Trustees. report
and a directors, report under ¢omp2ny law. The Trustees confirm that the Annual report and financial slalemenls
of the ¢harilable company comply with the ¢urrenl slalulory requiremenls. Ihe requirements of the charitable
company's goveining document and the provisions of the Slalemenl of Recommended Practice ISORPI
applicable lo charities preparing their accounls in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021 {effeclive 1 January 2019).
Since the company qualifies as small under section 382 of the Companies A¢1 2006, the Strategic report
requiied of medium and large companies under the Companies Act 2006 (Slralegic Report and Directors,
Report) Regulations 2013 has been omilled.
Objectives and activities
a. Objective
The primary obje¢live of the Friends of Animals League IFOALI is lo relieve the suffering of animals. The
mission of FOAL is lo lake in as many animals as can be properly cared for. restore them lo heallh and. where
possible, find them good new homes or provide san¢luary and safely for life.
In selllng objecllves and planning for aclivilies. the Trustees have given due ¢onslderalion to general guidance
published by the Charity Commission relating lo public benefit. including the guidance 'Public benefit.. running a
charity IPB2}'.
Achlevements and performance
a. Key performance Indlcators
Al the year-end our nel surplus was £110,711 which compares lo a nel deficit of £200,419 for the previous year.
With general funds al the year-end of £1,650,292 12022.. £1,668.361} and net cuirent assets of £748,520 we
remain in a secure financial position at the end of 2023. The main income stream in 2023 remained legacies of
£647,945 Iwmpared to £568,095 in 20221. Supporter donations increased by 160kn in 2023, despite the
economic position, wnlirming the high regard FOAL has among ils supporters.
The Trustees recognise that legacy income is unpiediclable and remain committed lo diversifying FOAL'S
lundraising activities lo ensure the long-term future of the charity. A fundraising group comprising Iruslees and
staff has been created lo focus on new income opportunities.
The nel profil generated by the on-site and off-site retail oullels increased lo £146,485 12022.- £111.0191
emphasising the shift in shopping pallerns in the general public towards cheaper retail oullels we saw in 2022.
Costs have been managed carefully bul have risen year on year with increased veterinary costs and the legal
requirement lo increase slafl salaries. We spent £1,388,039 in 2023 Compared lo £1.348,540 in 2022 and
£1.116,282 in 2021. The Iruslees are focused on conlinuing lo exercise robusl Cost conllol lo manage the impact
inflation will have in 2024 as best possible.
Page 2

Frlends of Animals Leaguo
{A company Ilmlted by guarantee)
Trustees, report Icontlnued}
For the year ended 31 December 2023
Achlevements and performance Icontinuedl
b. Review of activlties
The financial year ending December 2023 remained relatively ¢hallenging for FOAL as il was for many charities.
The Management team and staff were agile and effective in their approach and our volunteers were again
dedicated and commilled lo helping FOAL achieve ils objective of providing sanctuary for animals in need
despite the challenges. Their hard work and dedication are greatly appreciated by the Trustees and by the
animals who ultimately benefit greatly from it. We continued lo benefit from legacy donations in 2023 which
continue lo show how the work FOAL undertakes resonates with the local community. Those legacies ensure the
financial stability of the charity and offer the trustees and farm management funds lo invest carefully for the
future benefit of FOAL and ils beneficiaries.
Following the generous donations of our supporters we replaced our animal ambulance with a brand-new ULEZ
compliant vehicle in 2023.
Ensuring the long-lerm financial secuiily of the farm remains a lop priority for the Iruslees who acknowledge that
reliance on generous and very much welcomed legacy bequests is not a sustainable strategy.
Despite the continued challenges which evolved through 2023, animal welfare remained the lop priority and the
charity continued lo discharge ils primary purpose. lo provide sanctuary foT needy animals, wilhoul interruption or
degradation. The management team handled the challenges well supported by all staff and volunteers.
The table below shows total re-homed animals over the last 5 years..
Group
2019
2020
2021
2022
2023
Tolal 23 v
22
Small Animals
91
121
147
136
204
68
Cats
230
225
173
154
199
45
Dogs
175
143
85
149
155
Totals
489
405
439
558
119
Page 3

Friends of Animals League
IA company limited by guarantee)
Trustees, report l¢ontlnued)
For the year ended 31 Dgcèmber 2023
Achievements and performance Icontlnuedl
Thi8 table shows the movement for 2023..
Animal Type
Admitt￿]
R&homed
Retumed
2023
Retum
2022
Relum
2021
Retum
23v22
Birds
Guinwa Pigs
Small R(xlenls
Rabbits
13
14
39
70
81
92
72
152
154
521
12
25
18
155
558
18
42
24
48
Totals
Animal re-homing has increased significantly from 2022 and 2023 was our most successful year given the large
volume of small animals re-homed. Overall animals admilled was up by 58. most of the increase being small
rodents. We anlicipale a possible increase in large breed dogs during 2024 given the recent changes in the
Dangerous Dogs legislation.
c. Fundralslng activities and income generatSon
Friends of Animals League is registered wlh and has paid the Levy required by the Fundraising Regulator. We
have not re￿IVed any complaints relating lo fundraising during Ihls year.
Financial review
a. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate
resources lo continue in operational existence foT Ihe foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial slalemenls. Further details regarding the adoption of the going
con￿rn basis can be found in the accounting policies.
b. Rese￿eS policy
The policy ensures we relain reserves equivalent lo 3 months expenditure wlh minimum liquid reseNes of
£275,000. ReseNes al the balance sheet dale far exceed (he reseNes policy level bul the Trustees are
implementing plans lo ensure the fulule financial suslainabilily of the charity and romove the Current reliarbce on
legacies lo generate a surplus.
Al the year-end we have lolal funds of £3,657,059 {2022-. £3,546,348}. These are split between unreslr¢cled
funds which are used for the day-to-day activities of the Charity. a designated fixed assets fund which represents
OLIT assets which are in use and cannot be easily realised., a reslricled fund which is used lo cover the cost of
rebuilding the kennels and the Foal's Adoption and FosleT in Need reslri¢ted fund which is for long term foster
care or for animals which have been adopted with recognised medical issues or other long-lem problems.
Page 4

Friends of Animals League
IA company limited by guarantee)
Trustees. report Icontinuedl
For the year ended 31 December 2023
c. Material Investments pollcy
The Board's investment policy is to relain the majority of ils reseNe in a combination of cash across a number of
instant access accounts logelher wlh longer-lerm accounts that provide improved rates of interest. FOAL
occasionally receives shares. unil trust investments and gills as part of legacy proceeds and ils policy remains lo
relain such investments as long as they are listed on the London Stock Exchange and are readily realisable
should the need arise.
d. Principal risks and uncertalntles
The Board have assessed the major risks to which the Chaiily is exposed in particular those relating lo operation
and finance of the Charity. We are satisfied that systems are in place lo miligale the Charity's exposure to major
Tisk. An updated iisk register is reviewed on a regular basis by the Board.
e. Fundraising
Friends of Animals League is registered with the Fundraising Regulator and always remains commilled lo
meeting best practice fundraising standards and adhering lo the Code of Fundraising Practi￿ and as such we
follow all relevant guidelines and advi￿. Supporters and their needs are al the heart of our fundraising aclivilies.
To prolect and maintain the high standards that we and the publi¢ expe¢t. we ensure that professional
fundraiserg adhere lo our policies and practices, wilh particular attention paid lo vulnerable people.
The Core of our fundraising strategy is delivered internally by our team of professional fundraisers and
relationship managers and from lime lo lime we will work with external consullanls, agencies and other
professional fundraising services lo complement our fundraising aclivily. We closely monitor and review the
a¢livilies of all third parties lo ensure compliance and quality standards are a￿ayS mel, by means of mystery
shopping, call monitoring and sile visits and quality stsndards are always mel.
We comply with all data protections requirements under GDPR and PECR and will action any requests for no
further ¢onts¢l we receive directly or through the Fundraising preferen￿ Service.
Last year we received no complaints {2022'. none) related lo our financing aclimlies directly lo Friends of Animals
League and no Complaints via the Fundraising Regulator.
Page 5

Friends of Animals League
{A company limited by guarantee)
Trustees, report Icontlnuedl
For the year ended 31 December 2023
Plan$ for future periods
Alongside the main purpose of Ihe charity, lo offer a safe haven for animals in need, the trustees and
management team will focus on meeting the short-lerm funding needs of the farm and building the foundations
for a future less reliant on legacy income.
A calendar of fundraising events is in place including the most financially beneficial Country Festival. These
events geneTale immediate revenue and also generate new memberships, including our new Rex's Rangers
membership for dogs, volunlears and ongoing linancial support from new benefa¢lors. We will continue lo
oplimise the calendar of events and the events themselves to maximise the positive impact they have on FOAL.
Ongoing maintenance and small investments in the fams appearance and onsite facilities will 81so help lo
oplimise revenue from these events and day lo day visiloi¥.
Looking longer term the trustees realise the importance of idenlifw'ng naw revenue streams lo minimise the
reliance on legacies. This can only be achieved by increasing the public awareness of FOAL Farm, in particular
amongst the younger generation. which will lead lo more memberships, sponsorships and visits lo the farm. A
group of employees will be responsible for in¢reasing Ihe ¢harily's profile on social media siles and also lo
introduce new technology lo increase donations. including QR codes around the farm linking directly lo websi16
donation pages.
Following the generous donations from our patron. David Nolan of Bullernul Box. and his Shareholders, we
intend lo renovate the old canine isolation block. This is one of the oldest buildings on the faim and is in need of
a new roof and complete internal renovation lo provide more kennel space and other rooms lo be used for
ovefflow or emergencies. We have also received other generous donations to help with replacing the farm's
fencing, renovate the paddo¢k and concrete the drive passing areas.
Structurei governance and management
a. Constltutlon
Friends of Animals League is registered as a charitable company limited by guarantee and was sel up by a
Memoiandum ofAsso¢ialion.
b. Methods of appolntment or olection of Trustees
The management of the company is the responsibilily of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
Page 6

Friends of Animals League
IA company limited by guarantee)
Trustees. report Icontinued}
For the year ended 31 December 2023
Structure. governance and management Icontlnuedl
Statement of Trustees. responsibilities
The Trustees (who are also the diredors of the company for Ihe purposes of company lawl are responsible for
preparing the Trustees. report and the financial slalemenls in accordance with applicable law and Uniled
Kingdom Accounting Standards {Uniled Kingdom Generally Accepted A¢counling Praclicel.
Company law requires the Trustees to p￿pare financial statements for each financial year. Under company law.
the Trustees must not approve the financial slalemenls unless they are satisfied that they give a true and fair
view of Ihe slate of affairs of the company and of ils incoming iesour¢es and application of resources, including
ils income and expendilure, for that period. In preparing these financial slalemenls. the Trustees are required to-
select suitable accounting policies and then apply them consislenlly",
observe the methods and principles of the Charities SORP IFRS 1021.
make judgements and aecounting eslimales that are reasonable and PTudenl',
slate whether applicable UK Accounting Standards IFRS 1021 have been followeLI, subject lo any maleiial
departures disclosed and explained in the financial slalemenls..
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
company will continue in business.
The Trustees are iesponsible for keeping adequate accounting records Ihal are sufficient lo show and explain
the companls transactions and disclose with reasonable accuracy al any lime the financial position of the
company and enable them lo enstjre that the financial statements comply with the Companies Act 2006. They
are also ￿sponsible for safeguarding tho assets of the company and hence for taking reasonable steps for the
prevention and detection of fiaud and other irregularities.
Dlsclosure of information to auditors
Each of the persons who are Trustees al the lime when this Trustees, report is approved has confim)ed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are
unaware. and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of
any relevant audit information and lo establish that the charilws auditors are aware of that information.
Audltors
The auditors, Kreslon Reeves LLP. have indicaled their willingness lo continue in office. The designaled
Trustees will propose a motion reappointing the auditors al a meeling of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Paul Dewdney
Chairman
Dale-
Page 7

Friends of Allimals League
IA company limited by guaraiiteel
Independent audltors. report to the Members of Friends of Animals League
Oplnlon
We hav6 avdiled the linancial slalemenls of Fiiends of Animals League Ilhe '¢haritable company'l for the year
ended 31 December 2023 which comprise the Statement of financial aclivilies, the Balance sheet, the Slalemenl
of cash flows and the relaled notes, including a summary of significant accounting policies. The financial
reporting framework that has been 8ppli6d in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland. (United Kingdom Generally Accepted A¢counling Praclicel.
In our opinion tho financial slalemenls..
give a true and fair view of the slate of the Charitable company's affairs as al 31 December 2023 and of ils
incoming resources and application of resources, including ils income and expenditure for the year then
ended..
have been property prepared in accordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Charities A¢1 2011.
Basis for oplnSon
We conducted oui audit in ac¢ordan¢e with Inlernalional Standards on Auditing {UKI {ISAs IUKI) and applicable
law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit
of Ihfy financial slalemenls section of our report. We are independent of the charitable company in accordance
wilh the ethical requirements that are relevant lo our audit of the financial slalemenls in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our olher ethical
responsibilities in accordance with Ihese requirements. We believe that the audil evidence wa have oblaine(J is
sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the Trustees, use of the going concern basis of
accounling in the preparation of the financial slalemenls is appropri816.
Based on the work wa have performed, we have not identified any material uncertainties relating lo events or
conditions that. individually or collectively, may cast significant doubt on the charitable companls ability lo
continue as a going concein for a period of al least Iwelve months Irom when the financial slalemenls are
aulhorised for issue.
Our iesponsibililies and the responsibililies of the Trustees wlh respect to going concern are described in the
relevant sections of this report.
Page 8

Friends of Animals League
(A company limited by guarantee)
Independent auditors. report to the Members of Frlends of Anlmals League Icontlnuedl
Other information
The other information comprises the information included in the Annual report other than the financial slalemenls
and our Auditors, report Ihereon. The Trustees are responsible for the other information Contained within the
Annual report. Our opinion on the financial slalemenls does not cover Ihe other information and, ex¢epl lo the
extent otherwise explicitly slated in our report. we do not express any form of assurance conclusion thereon. Our
responsibility is lo read the other information and, in doing so, consider whether the other information is
materially inconsislenl with the financial slalemenls or our knowledge obtained in the Course of the audit. or
otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material
misslalements, wo are ¥equired lo delemiine whether this gives rise lo a material misslalemenl in the financial
slalemenls themselves. If, based on the work we have performed, we conclude Ihal there is a material
misstatement of this other information, we are required lo report that facl.
We have nothing lo report in this regard.
Opinion on olheT matters prescTibed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audf('.
the infom)alion given in the Trustees, report for the financial year for which the financial slalements are
prepared is consistent with the financial slalemenls.
the TrLsslees' report has been prepared in accordance with applicable legal requiiemenls.
Matters on whlch we are roqulred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit, we have not identified material misslalemenls in the Trustees, report.
We have nothing lo report in respect of the following mallers In relation to which Companies Act 2006 requires
us to report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received
from branches not visited by us., or
the financial slalemenls are not in agreement with the 8¢counling records and relurns., or
certain disclosures of Trustees. remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit.. or
the Trustees were not enlilled lo prepare the financial statements in accordance with the small companies
regime and lake advantage of the small companies, exemptions in preparing the Trustees. report and from
the requirement lo prepare a Strategic report.
Responslbllltles of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the dire¢lors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the
Tiuslees determine is necessary lo enable the preparation of financial slalemenls that are free from material
misslalemenl, whether due to fraud or error.
In preparing the financial slalemenls. the Trustees are responsible for assessing the charitable comp8ny's ability
to ¢onlinue as a going concern. disclosing. as applicable, mallers related lo going concern and using the going
concern basis of ac¢ounling unless the TTuslees either intend lo liquidate the charitable company or lo cease
operations, or have no realistic allernalive bul lo do so.
Page 9

Friends of Anima15 League
IA ¢ompany limited by guarantee)
Independent auditors. report to the Memb8rs of Frlends of Animals League {contlnuedl
Auditors, responslbllltles for the audil of the financlal statements
We have been appoinled as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulations made or having effect Ihereunder.
Oui objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl, whether due lo fraud or error, and lo issue an Auditors. ieport that includes our
opinion. Reasonable assurance is a high level of a8suran¢e, bul is nol a guarantee that an audit conducted in
accordance with ISAS (UK) will always delecl a material misslalemenl when il exists. Misslalemenls can arise
from fraud or eiror and ara considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economi¢ decisions of users taken on the basis of these financial slalemenls.
Irregularities, including fraud, are inslan¢es of non-compliance with laws and re9ulalions. We design procedures
in line with our responsibilities, outlined above, lo delecl material misslalemenls in respect of iriegularilies,
including fraud. The extent lo which our procedures are capal)le of detecting irregularities, including fraud is
detailed below..
Capabilily ofih8 audit in detecting irregul&rili8s. including fraud
The objectives of our audit are lo identify and assess the risks of material misslalemenl of the financial
slalemenls due lo fraud or 6rror.' to obtain sufficient appropriate audit evidence regarding the assessed risks of
material misslalemenl due lo fraud or error,. and lo respond appropriately lo those risks.
Based on our understanding of the charitable sedor generally, and through discussion wilh the Trustees and
other mana9omenl las required by auditing slandardsl, we identified that the principal risks of non-compliance
with laws and regulalions related lo health and safely. anli-bribery and employment law. We considered the
extent to which non-complian¢e might have a material effect on the financia5 slalemenls. We also Considered
those laws and regulations that have a direct impact on the preparation of the financial slalemenls such as the
Companies Act 2006, laxalion and pension legislation. We communicated identified laws and regulations
throughout our team and remained alert lo any indications of non-compliance throughout the audit. We
evaluated management's incentives and opportunities for fraudulent manipulation of the financial slalemenls
(including the risk of override of controls), and determined that the principal risks were related lo posting
inappropriate journal entries lo increase revenue or redu￿ expenditure and management bias in ac¢ounling
estimates and judgemenlal areas of the financial slalemenls. Audit procedures perfoimed by the engagement
team included..
Discussions with management and assessment of known or suspected instan￿S of non-compliance wlh
laws and regulations {including health and safely) and fraud., and
Assessment of identified fraud risk faclors., and
Review of cash expenditure lo confirm no evidence of personal benefit,. and
Identifying and assessing the design effecliveness of controls thal management has in pla￿ to PTevenl and
delecl fraud., and
Challenging assumptions and judgements made by management in ils significant accounting eslimales; and
Performing analytical procedures lo identify any unusual or unexpected relationships. including related party
Iransaclions, that may indicate risks of material misslalemenl due lo fraud.,
Confirmation of related parties with management, and ¥eview of Iransaclions throughout the period lo identify
any previously undisclosed transactions with related parties outside the nonmal course of business.. and
Reading minutes of meetings of those charged with governance., and
Review of internal controls and physical inspection of tangible assets susceptible lo fraud OT Iiregularily.. and
Review of significant and unusual transactions and evaluation of the underlying financial rationale supporting
the Iransaclions., and
Identifying and lesling journal entries, in particular any manual entries made at the yeaT end for financi81
statement preparation.
Page 10

Friends of Animals League
IA company limited by guarantee)
Independent auditors. report to the Members of Frlends of Anlmals League Icontlnuedl
Because of the inherent limitations of an audit, there is a risk Ihal we will not detect all irregularities, including
those leading to a material misstalemenl in the financial slalemenls or non-compliance with regulalion. This risk
increases the more that compliance with a law or regulation is removed from the events and Iiansaclions
reflected in the financial slalemenls, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment. forgery, collusion, omission or misrepresenlalion.
As part of an audit in accordance with ISAS (UKI, we exercise professional judgement and maintain professional
scepticism throughout the audit. We also-
Identify and assess the risks of material misslalement of the financial slatemenls, whether due lo fraud or
error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is
sufficient and appropriate lo provide a basis for our opinion. The risk of not dele¢ting a material
misslalemenl resulling from fraud is higher than for one resulting from error. as fraud may involve
¢ollusion, forgery, intentional omissions. misrepresenlalions. or the override of internal control.
Obtain an understanding of internal control ielevanl to the audit in order lo design audit procedures that
are appropriate in the circumstances, ljul not for the purpose of expressing an opinion of the effectiveness
of the charitable company's internal control.
Evaluate the appropriateness of accounting poli￿eS used and the reasonableness of accounting
eslimales and related disclosures made by the Trijstees.
Conclude on the appropriateness of the Trustees, use of the going concern basis of accounting and,
based on the audit eviden￿ obtained, whether a material uncertainly exists related to events or conditions
that may cast significant doubt on the charitable company's ability to continue as a going concern. If we
conclude that a material uncertainty exists. we are required lo draw allenlion in our Auditors, report to the
related dis¢losures in the financial slalements or. if su¢h dis¢losures are inadequate, lo modify our
opinion. Our conclusions are based on the audit evidence obtained up lo Ihe dale of our Auditors, report.
However, future events or conditions may cause the ¢harilable company lo ¢ease lo ¢onlinue as a going
cOn￿r￿.
Evaluate the overall presentation, structure and content of the financial slalemenls, including the
disclosures, and whether the financial slalemenls represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding. among other mallers, the planned scope and
liming of the audit and significant audit findings, including any significant deficiencies in internal control that we
identify during our audit.
Page 11

Friends of Animals League
{A company Ilmited by guaranteel
Independent auditors, report to the Members of Frlends of Anlmals Leagu& Icontlnued)
Use of our report
This report is made solely lo the charitable company's trustees, as a body, in accordan￿ with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate
lo the charitable company's Iruslees those mallers we ale required lo siale lo them in an Auditors. report and lor
no other purpose. To the fullest extent permilled by law. we do not accept or assume responsibility lo anyone
olher Ihan the charitable company and ils members, as a body, for our audil work, for this report. or for the
opinions we have formed.
Il.,k LL
Samantha Rouse FCCA DChA {Senior slalulory auditor}
for and on behalf of
Kreslon Reeves LLP
Chartered Accounlanls
Slalulory Auditor
Canlerbury
Date..
29 J une 2024
Page 12

Friends of Anlmals League
IA company IiTMiled by guarantee)
Statement of financial activities lincorporating income and expenditure accountl
For the year ended 34 December 2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
903,107
84,556
243,601
21,947
11,672
151.702
1.054,809
84,556
243,601
21,947
11,672
793,759
62.927
180.176
8,431
15.918
Other income
Total Income
1,264,883
151,702
1,416,585
1,061,211
Expendlture on:
Raising funds
Charitable activities
33.829
1,353,710
33.829
1,354,210
21,903
1.218,015
500
Total expenditure
1,387.539
soo
1,388.039
1,239,918
Net {expendlturelllncoMe before net
gainslllossesl on investments
Nel gainsl{losses) on investments
1122.6561
82,165
151.202
28.546
82.165
1178,707)
121.712)
Net lexpenditurellincome
Transfers between funds
140.4911
51,870
151.202
151,8701
110,711
1200,419)
18
Net movement in fund5
11,379
99,332
110,711
1200.4191
Reconciliation of funds:
Total funds brought fO￿ard
Net movement in funds
3,494,388
11.379
51,960
99,332
3,546,348
110,711
3.746.767
(200,4191
Total funds carrled foNJard
3,505,767
151,292
3,657,059
3,546.348
The Slalemenl of finan¢ial activities includes all gains and losses recognised in the year.
The notes on pages 16 to 32 form part of these financial slalemenls.
Page 13

Friends of Anlmals League
IA coinpany limited by guaranteel
Registered number: 04311334
Balance sheet
As at 31 Decembèr 2023
2023
2022
Not8
Fixed assets
Tangible assets
Inveslmenls
13
14
1,855.476
1,053,063
1.826,028
970,898
2.908.539
2,7￿,926
Current assets
Stocks
15
16
6.013
409,663
427,665
2,385
435,761
393,700
Debtors
Cash al bank and in hand
843.341
831,846
CrediloTs.' amounts falling due within one
year
17
194,8211
182.424)
Net current assets
748,520
749.422
Total net assets
3,657,059
3,546,348
Charity funds
Reslricled funds
18
151.292
3,505.767
51,960
3.494.388
Unrestri¢led funds
Total funds
3,657,059
3,546,348
The Trustees acknowledge their responsibilities for complying with the requirements of the A¢1 with respect lo
accounting records and preparation of financial slalemenls.
The financial slalements have been prepared in acwrd8n¢o with the provisions applicable lo entities subject lo
the small companies regime.
The financial slalemenls wor8 approved and aulhorised for issue by the Trustees and signed on their behalf by.
Paul Dèwdney
Chairman
Dale.. 28106124
The notes on pages 16 10 32 form part of these financial slalemenls.
Page 14

Friends of Animals League
IA company limited by guarantee}
Statement of cash flows
For the year ended 31 December 2023
2023
2022
Note
Cash flows from operating activities
Nel cash used in operating aclivilies
21
89,311
{101.170)
Cash flows from Investing activities
Dividends and interest from investments
Purchase of tangible fixed assets
21,947
8,431
{77,2931 {138,640)
Net cash used in investing activitios
{55,3461
{130,2091
Change in cash and cash equivalents in the year
Cash and cash equivalents al the beginning of the year
33,965
(231,3791
625,079
393,700
Cash and cash equivalents at the end of th8 year
22
427,665
393,700
The notes on pages 1610 32 form part of these financial statements
Page15

Friends of Animals League
IA company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
General Informatlon
Friends of Animals is a ¢harilable company, limited by guarantee, incorporated in England and Wales.
The Charity's re9islered Offi￿ is Foal Faim Animal Rescue Cenlre, Jail Lane, Biggin Hill.
The charitable activities of the charity is to relieve the suffering of animals.
In the event of the company being wound up, the liability in respect of the guarantee is limilad lo £1 per
member of the company.
Accountlng policies
2.1 Basls of preparatlon of financial statements
The financial slalemenls have been prepared in accordan￿ with the Charities SORP IFRS 102}
Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charilies
preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK
and Republi¢ of Ireland IFRS 1021 {effeclive l January 20191. the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
Friends of Animals League meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised al historical cost or Iransa¢lion value unless otherwise stated in the
relevant accounting policy.
2.2 Income
All income is recognised On￿ the company has entillemenl lo Ihe income, il is probable thal the
income will be re￿iVed and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on eslaljlishing enlillemenl. the probability of
re￿Ipt and the ability lo eslimalo wilh sufficienl accuracy the amount receivable. Evidence of
enlillemenl lo a legacy exists when the company has sufficient evidence that a gift has been left lo
them Ilhrough knowledge of the existence of a valid will and the dealh of the benefaclorl and the
exe¢ulor is satisfied that the property in question will not be required lo satisfy claims in the estate.
Receipt of a legacy musl be re¢ognised when il is probable that il will be received and the fair value
of the amount receivable, which will generally be the expected cash amount lo be distributed lo the
company. can be reliably measLsred.
Grants are included in the Statement of financial aclivilies on a receivable basis. The balance of
Income received for specific purposes bul not expended duiing the period is shown in the relevant
funds on the Balance sh&el. Where income is received in advan￿ of enlillemenl of re￿ipl, its
recognition is deferred and included in creditors as deferred income. Where enlillemenl occurs
before income is received, the income is accwed.
Gifts in kind donated for dislribulion are included al valuation and recognised as income when they
are distributed lo the projecls. Gifts donated for resale are included as income when Ihoy are sold.
Donated facilities are included al the value to the company where this can be quanlilied and a third
party is bearing the cost. No amounts are included in the financial statements for services donated by
volunteers.
Donated services or facilities are recognised when the company has control over the item, any
conditions associaled with the donated item have been met, the receipt of economic benefit fiom the
use of the company of the item is probable and thal economi¢ benefit can be measured reliably. In
accordance with the Charilies SORP (FRS 102). the general volunteer lime of the FTiends is not
recognised and refer to the Trustees, report for more infomalion about their conlribulion.
Page 16

Friends of Animals League
{A company limited by guarantoel
Notes to the financial statements
For the year ended 31 December 2023
Accounting policies Icontinuedl
2.2 Income Icontlnuedl
On receipt, donated professional SeNi￿S and facilities are recognised on the basis of the value of
Ihe gift lo the company which is the amount il would have been willing lo pay lo obtain ServI￿S or
facilities of equivalent economic benefil on the open market,. a corresponding amount is then
re¢ognised in expenditure in the period of receipt.
Income lax recoverable in relation lo donations received under Girt Aid is recognised al the lime of
Ihe donation.
Income lax recoverable in relation lo investment income is recognised al the lime the investment
income is re￿iVal)le.
2.3 Expendlture
Expenditure is recognised once there is a legal or Constructive obligation to transfer economic benefit
lo a third party, it is probable Ihal a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably.
Expenditure on raising funds in¢ludes all expenditure incurred by the company lo raise funds for ils
charitable purposes and includes costs of all fundraising adivilies events and nonrfharilable trading.
Expenditure on charitable activities is incurred on diredly undertaking the activities which further the
¢omp8nls objectives, as well as any associated support costs.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company,, this is normally upon nolificalion of the interest palé or payable by the
inslilulion with whom the funds are deposited.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £1,000 or more are capilalised and re¢ognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model. tangible
fixed assets are measured al cost less accumulated depreciation and any a¢cumulaled impaiTment
losses. All costs incurred lo bring a tangible fixed asset into ils inlen(led working condition should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives. using the sliaighl-line method.
Depreciation is provided on the following bases..
Freehold property
Fixtures and filling
Motor vehicles
Office equipment
Over SO years
Over 5 years
Over 3 years
Over 5 years
Page 17

Frlends of Anlmals League
IA company Ilmltèd by guarantee)
Notes to the financial statements
For tho year ènded 31 December 2023
Accountlng poll¢les Icontlnuedl
2.6 Investments
Fixed asset inveslmenls are a form of financial instrument and are initially recognised al Ihelr
transaction cost and subsequently measured al fair value at the Balance sheet dale, unless the value
cannot be measured reliably in which case il is measured al cost less impairmenl. Inveslmenl gains
and losses. whelher realised or unrealised, are combined and presented as 'Gainsl(Lossesl on
inveslmenls, in the Slalement of financial aclivilies.
2.7 Stocks
Stocks are valued 81 the lower of cost and nel realisable value after making due allowance foi
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.8 Debtors
Trade and other debtors are re¢ognised al the selllement amount after any trade discount offered.
Piepaymenls are valued al the amount prepaid nel of any trade discounts due.
2.9 Cash at bank and in hand
Cash al bank and in hand in¢ludes cash and short-lerm highly liquid investments with a short malurily
of three months or less from the data of acquisition or opening of the deposit or similar account.
2.10 Llabllltles and provlslons
Llabililies are racognised when there is an obligation al the Balance sheet dale as a result of a past
event, il is probable that a Iransfer of economic benelil will be required in settlement. and the amount
of the selllement can be eslimaled reliably.
Liabilities are recognised al Ihe amount that the company anlicipales it will pay lo sellle the debt or
the amount il has received as adVan￿d payments for the goods or services il musl provide.
Provisions are measured al the best estimate of the amounts required to sellle the obligation. Wheie
the effect ol the lime value of money is material. the provision is based on the present value of those
amounls, discounted al the pre-tax discount rale that rene¢ls the risks specific lo the liability. The
unwinding of the discount is recognised in the Slalemenl of financial a¢tivilies as a finance cost.
2.11 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
insliumenls. Basic financial inslrumenls are initially recognised al transaction value and subsequently
measured al their selllemenl value with the exception of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.12 Operatlng leases
Rentals paid undeT operating leases are charged lo the Slalemenl of financial aclivilles on a slfaight
line basis over the lease lerm.
2.13 Penslons
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company lo the fund in respect of the year.
Page 18

Friènds of Animals League
IA company Ilmlted by guarantee)
Notes to the financial statements
Forthe year ended 31 December 2023
Accounting policies Icontinuedl
2.14 Fund accountlng
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the ¢ompany and which have not been designated for other
purposes.
Designated funds comprise unreslricled funds that have been sel aside by the Trustees for particular
purposes. The aim and use of each designaled fund is sel out in the notes lo the financial
statements.
Restricted funds are funds which are lo be used in accordance wilh specific reslri¢lions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising anLI
administering such funds are charged against the specific fund. The aim and use of each reslricled
fund is sel out in the notes lo the financial slalemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Page 19

Friends of Anlmals League
IA company limited by guarantee)
Notes to the flnan¢lal statements
For the year ended 31 December 2023
Income from donations and legacies
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Donations
Legacies
Grants
224,312
647,945
11,000
19,850
151,202
375,514
647,945
11,500
19,850
193,259
568,095
11,780
20,625
500
Memberships and subscriptions
903,107
151.702
1.054,809
793,759
Total 2022
745,989
47,770
793.759
Income from charitable activitles
Unrestrlcted
funds
2023
Total
funds
2023
Tolal
funds
2022
Animal adoption receipts
Other in¢ome
61.649
22.907
81,649
22,907
38,510
24,417
84,556
84,556
62,927
Total 2022
62,927
62,927
Page 20

Friend5 of Anlmals League
IA company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Income from other trading activities
Income from fundralslng events
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Sale of new and donated goods
Other fundraising activities
Community fundraising
193.152
41.163
a.286
193,152
41,163
9,286
157,950
20.241
1,985
243,601
243,601
180.176
Total 2022
180,176
180,176
Investment income
Unrestrict&d
funds
2023
Total
funds
2023
Tolal
funds
2022
Dividends
Interest
18,719
3,228
18,719
3,228
7,247
1,184
21,947
21,947
8.431
Total 2022
8,431
8,431
Page 21

Frlends of Animals League
IA company limited by guarantee)
Notes to the financial statements
For th& year elided 31 December 2023
Other income
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
LNe-in rent
Kickstart income
11,672
11,672
15,918
11,672
11,672
15.918
Total 2022
15,918
15,918
Analysls of expenditure on charitable actlvltles
Summary by fund typ8
Unrestrlctèd
funds
2023
Restricted
funds
2023
Total
2023
Total
2022
Charitable activities
1,353,710
500
1,354,210
1.218,015
Total 2022
1,211.235
6.780
1,218,015
Analysls of expenditure by activities
Support
costs
2023
Total
funds
2023
Total
funds
2022
Dlrect costs
2023
Charitable activities
1,108,793
245,417
1,354,210
1.218.015
Total 2022
1,024.054
193,961
1,218,015
Page 22

Frlends of Animals League
{A company Ilmlted by guarantee)
Notes to th& financial statements
For the year ei)ded 31 December 2023
Analysls of expenditure by activities Icontlnuedl
Analysis of direct costs
Total
funds
2023
Total
funds
2022
Staff costs
Depreciation
Animal food and supplies
Veterinary supplies and services
Subconlra¢tor cost
Bad debt written off
797,372
47,845
120,272
141,744
1,560
747,287
45.845
102.823
116,819
11.160
120
1.108,793
1.024.054
Analysis of support costs
Total
funds
2023
Total
funds
2022
Recruilmenl, welfare and staff training
Rates. light. heal and power
Insurance
Repairs and maintenance
2,286
140.903
10.539
37,871
1,320
89,266
9.738
43,273
É li
Telephone and fax
IT expenses
Printing, postage and stationery
Subs¢riplions
Hire of photocopier
Sundry expenses
Vehicle running costs
Consultancy and professional fees
Bank charges
Auditors, remuneration
881
12,061
1,830
783
6.054
451
3.331
11.581
2,036
473
6.264
518
6,670
7,268
8,445
9,375
6,892
5.085
6.344
7,840
245.417
193.961
Page 23

Friends of Animals League
IA company limited by guarantee)
Not&s to the financial statements
For the year ended 31 December 2023
10. Auditors. remuneratlon
The auditors. remuneration amounts lo an auditor fee of £8,500 P022 £7,840), and other seNices of
£1.62512022 - £ -).
11. Staff costs
2023
2022
Wages and salaries
Social security Costs
Pension C(￿lS
726,729
50,372
20,271
688,036
40.285
18.966
797.372
747.287
One ex-gralia payment was made with regards lo the Trustees, decision lo not renew a fixed-lerm
contract {2022'. None). The ¢harily fell il had a moral obligation lo make this payment in recognition of the
individual's contribution to the charity. This ex-gralia payment lotalled £1,231, all of which was paid during
the year12022.' £Nil).
The average number of persons employed by the company during the year was as follows..
2023
2022
Average number of employees
39
40
No employee received remuneration amounting to more than £60.000 in either year.
Remuneration and benefits received by key management personnel during the year {including employe¢s
national Insuran￿ conlribulionsl amounted lo £92,00312022 - £71,957).
12. Trustees. reMun8ration and expenses
During the year. no Trustees received any remuneration or other benefits {2022 - £NILI.
During the year ended 31 December 2023. expenses lolalling £126 were reimbursed or paid directly lo 3
Trustees {2022- £5,868). This related lo purchases for events and shop slock.
Page 24

Frlends of Animals League
IA company Ilmlted by guarantee)
Notes to the financial statements
For the year elided 31 December 2023
13. Tanglble fixed assets
Freehold
property
Motor Fixtures and
vehlcles
flttlngs
Office
equlpment
Total
Cost or valuation
Al 1 January 2023
Additions
2.846,315
25,336
39.829
33.490
8.730
52.114
18.467
2,946,988
77.293
Al 31 De￿mber 2023
2.871,651
73.319
8.730
70.581
3,024,281
Depreciation
Al 1 January 2023
Charge for the year
1.023.181
42.889
39,829
3,684
8,640
90
49,310
1.182
1,120,980
47.845
At 31 December 2023
1,066,070
43,513
8,730
50,492
1,168,805
Net book value
At 31 D￿ember 2023
1,805,581
29,806
20,089
1,855,476
At 31 December 2022
1,823,134
90
2,804
1,826,028
14.
Fixed asset investments
Llsted
Investments
Cost or valuatlon
Al 1 January 2023
Revaluations
970,898
82.165
Al 3lDe￿Mber 2023
1,053,063
Net book value
Al 310ecember 2023
1.053,063
At 31 December 2022
970,898
Page 25

Frlends of Anlmals Leagtje
{A company Ilmlted by gvaranteel
Notes to the financial statements
For the year endad 31 D&c&mk)er 2023
15. Stocks
2023
2022
Finished goods and goods for resale
6,013
2,385
16.
Debtors
2023
2022
Due wlthln one year
Trade debtors
other debtors
Prepayments and accrued income
27
7,508
416,118
12,135
394.428
15.208
409,663
435,761
17. Creditors.. Amounts falling due wlthln one year
2023
2022
Trade Creditors
Other taxation and social security
Other creditors
Accruals
34,902
15,234
25,839
18,846
30,767
11,587
21.077
18,993
94.821
82,424
Page 26

Friends of Anlmals League
IA company limited by guaranteel
Notes to the financial stateinents
Forthe year ended 31 December 2023
18.
Statement of funds
Statement of funds - current year
Balance at
31
Galnsl December
(Losses)
2023
Balance at 1
January
2023
Transfers
inlout
Income Expenditure
Unrestrlcted
funds
Designated
funds
Tangible assets
1,826,027
(47,8451
77,293
1,855,475
General funds
Unreslricled
income fund
Total
Unrestricted
funds
1,668,361
1,264,883 11,339,694)
125,4231
82,165
1,650,292
3,494,388
1,264,883
11,387,539)
51,870
82,165
3,505.767
Restrlctèd
funds
Kennel rebuild
Animal
ambulance
fund
Vet bills
Kennel training
rooms
34.460
107.111
(15,1101
126.461
12.500
14.034
500
{26,5341
Isoo}
10,057
10,057
Drainage and
cow fencing
Storage shed
Total Restricted
funds
20,000
{10,2261
9,774
5,000
5.000
51,960
151,702
15001
{51,8701
151,292
Total of funds
3,546,348
1,416,585
{1,388,039)
82,165
3.657,OS9
Page 27

Friends of Anlmals League
{A company limited by guarantee)
Notes to the flnanclal statements
Forthe year ended 31 December 2023
18. Statoment of funds {continuedl
Kennel rebuild
This fund was sel up to cover costs of rebuilding the kennels.
Animal Ambulan￿ Fund
Funding lo pay for a new ambulance lo transport animals that require vital Irealmenls and procedures.
Vel Bills
The charity received a grant in the year lo cover Ihe cost of vet bills for the month of March.
Storage shed
A donation was received for the conslruclion of a storage shed.
Kennel training rooms
The charity received a donation in the year lo cover costs lo rebuild the training rooms.
Drainage and cow fencing
A donation was received for the kennel diainage works and cow fencing.
Page 28

Friends of Animals League
{A company limited by guarantee)
Notes to the financial statements
Forthe year ended 31 December 2023
18.
statement of funds Icontinuedl
Statement of funds- prior year
Balance al
31
December
2022
Balance at
1 January
2022
Transfers
Gainsl
(Losses)
Income Expenditure
Unrestricted
funds
Designatgd
funds
Tangible assets
1,733,232
{45,845}
138.640
1,826.027
General funds
Unreslri¢led
income fund
1,865.5S4
1,013,441
(1,187,293}
11,6691
121,712} 1.668.361
Total
Unrestricted
funds
3,598,826
1,013,441
{1,233,138)
136.971
121,712) 3,494.388
Resliicled funds
Kennel rebuild
Animal
ambulance
fund
135,327
35,990
{136.8571
34,460
12,500
12.500
Goal hard
standing
Stable roof
114
{1141
4,580
5.000
14,580)
storage shed
Wildflower
garden
Art( repairs
Total Restricted
funds
5,000
1,200
1.000
11,200)
11.000)
147,941
47,770
16,780) {136,9711
51.960
Total of funds
3,746,767
1,061.211
(1,239.918)
121,712)
3,546.348
Page 29

Friends of Anlmals League
{A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2023
19. Summary offund5
Summary offunds- current year
Balanco at
31
December
2023
Balance at 1
January
2023
Transfers
inlout
Galnsl
ILosses)
Income Expendlture
Designated
funds
1.826,027
1,668,361
51,960
{47,8451
{1,339,6941
15001
77,293
{25,4231
{51,8701
1,855.475
1,650,292
151,292
General funds
Reslricled funds
1,264,883
151,702
82.165
3,546.348
1,416,585
11,388,039)
82,165
3.657.059
Summary of funds- prlor year
Balance at
31
December
2022
Balance al
1 January
2022
Transfers
inlout
Gainsl
(Losses)
Income Expendiluro
Designated
funds
General funds
Reslricled funds
1,733,232
1,865,594
147,941
(45,845)
{1,187,2931
{6,7801
138,640
11,6691
1136,971)
1,826.027
1,668,361
51,960
1.013.441
47,770
{21.712)
3,746.767
1.061,211
{1,239.9181
{21,7121 3.546.348
20. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestrlcted Re$trlcted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed asset¥
Fixed asset investments
Current assets
c￿dItorS due within one yeai
1,855,476
1.053.063
692.049
194.8211
1,855.476
1,053.063
843,341
194,8211
151,292
Total
3,505,767
151,292
3.657.059
Page 30

Friends of Animals League
IA company Ilmlted by guarantee)
Notes to the finan¢lal statements
For the year ended 31 December 2023
20. Analysls of net assets between funds Icontinuedl
Analysis of net assets between funds - prlor year
Unresl¥icled
funds
2022
Reslricled
funds
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Curient assets
Creditors dve within one year
1,826,028
970,898
779,886
182,4241
1.826.028
970.898
831,846
{82,4241
51,960
Total
3.494,388
51,960
3,546,348
21.
Reconclllatlon of net movement In funds to net cash flow from operating actlvltles
2023
2022
Nel incomelexpendilure for the year (as per Slalement of Financial
Activiliesl
110,711
1200,4191
Adlustments for..
DepTecialion charges
Lossesllgainsl on investments
Dividends. interests and rents from investments
Increase in stocks
{Increaselldecrease in debtors
Increaselldecreasel in ciedilors
47,845
182.1651
121.9471
13,6281
240.870
12.397
45,844
21,713
{8,4311
253
51,308
(11,4381
Net cash provlded byllused Inl operating activities
304.083
1101.1701
22. Analysis of cash and cash oqulvalents
2023
2022
Cash in hand
427,665
393,700
Page 31

Friends of Anlmals League
IA company limlted by guaranteel
Notes to the flnancial statements
For the year ended 31 December 2023
23. Analysis of change5 in net debt
At1
January
2023 Cash flows
At3a
December
2023
Cash at bank and in hand
393.700
33,965
427,665
24.
Penslon ¢ommltm8nts
The charity operates a defined conlfibulion pension scheme for ils employees. The pension cost charge
for the period represents contributions payable by the charity lo the scheme and amounted lo £20.271
{2022= £18.9661. Al the balance sheet dale £5,383 was recognised as a liability owed to the scheme
{2022.. £5.1821.
25. Operating lease commltments
At 31 D8¢ember 2023 the company had commilmenls lo make future minimum lease payments under
nonwcancellable operating leases as follows..
2023
2022
Not later than 1 year
Later than 1 year and not later than 5 years
20.213
27.299
10,419
22.914
47,512
33,333
26. Related party transactions
The charity engaged with T Kilsby, the brother-in-law of a Iruslee. in relation to the provision of labour
services. Expenditure in the year was £1,56012022.' £11,220) with a balance of £Nil {2022.' £9601 owed by
the charity as al 31 December 2023.
C Vernon, the mother of a Trustee. was reimbursed for £1.22112022'. £549} relating lo expenses incurred
during volunteering dulios. There is no balance owed al Ihe year end.
All year, Mrs L Bennell. wife of Mr N Bennett (Trustee) was employed al the Charity as the Finance
Manager. L 8ennell's employment. whi¢h commenced on 0111012020, was made in open competition and
before N Bennell's appointment as a Trustee. L Bennell is paid within the normal pay scale for her role
and re￿iVeS no special treatment as a iesull of her ielalionship lo a Trustee.
27.
Controlling party
There 18 no ultimate ￿ntrollIng party.
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