THE UNIVERSITIES FEDERATION FOR ANIMAL WELFARE
(A company limited by guarantee)
Sc1cE INTHE 5EIMCE
OFANIMALWELFARE
Report
and
Financial Statements
Year ended
31 March 2021
Charity no: 207996
(Registered in England)
Company no: 579991
Sclence In the Service of Animal Welfare
Contsnts
Page
Legal and Adryllnistrative Infom11¢
2and3
Council's Rew1
5t014
Independent Ali10[s. Reptht to the Mew*ers
15to17
Statement of Fmancial Activiti'es
18
Balance Sheel
19
Cash flow StateffEnt
20
Notes Forrr¥ng Part of the Fman(aal Slaleffler
21to28
GENERAL DATA pRoTECTK REGULATION 2018
In May 2018 the Data Protect Act 1988 was sUPeeded by GDPFi In nne with relevant law5, th
chavity h35 legal obligath?ns relabng to IKW it collects. stiyes. uses and proce$ses persona
information. Members, subs¢ribern and olhets who have agreed lo be on UFAWS regular mailin
list are r1nded that thwr •vJ •Jdres5es are held on wnplrter forthe production of addres
labels. Details of SSeriptIOnS and donations receNed are a*0 recorded for aLidit purpos85 ar¥J.
where payments are made by dorbations or subscrptw)ns qualify*ig for tax rel, the amounts a
listed lo support claims for recovery ol incom8 tax from HM Revenue & CuslcAns.
The Unlversltles Federatlon for Anlmal WelfarE
(Company limited by guarantee No. 579991 Registered in Er¥Jland Charity No. 207996)
Legal and Admlnlslratlve Informatic
Vlce-Presidents:
Professor R S Andefson BVMS PhD MRCVS
Professor P M Biggs CBE Dsc DVM FRCPath FRSB FRS
FRCVS
L A BrcMwn MBE BVSC BA PhD FRSB FRCVS
Professor P H Holmes OBE BVMS PhD FRCVS FRSE
B Howard BVMS PhD FRCVS
J H Pratt BVM&S DVSM FRCVS
G D Sales Bsc PhD AKC MRSB t)i)TCDHE
Councll:
(who are the Directors of the L#nited Company)
Chalmian:
A G Simmons BVMS Msc MRCVS 123
Vke£halmian:
Honorary Treasurer.
M Radford OBE LLB I
C Mccann Bsc ACA 1 3
S Abeyesinghe Bsc Msc Pho
Professor R M Bennett Bsc Msc PhD 1 2
J Downes BVSC MRCVS
A Enticknap PhtF
Professor A Nan OBE MVB OipECVA DipECVPT DVA MRCVS
B North MBA Msc PhD I
{to 21.09.2020)
A 015son Msc PhD 3
D Priichard Bsc Bvetmed MPH MRCVS 2
O R Sargan MA PhD ? )
l Member of the Finance Panel
? Member of the Fundraising Panel
J Member of the Grant Panel
The Universities Federatlon for Anlmal Welfare
(Corrpany limited by guarantee No. 579991 Regtstered in EfwJland Charity No. 207g96}
Legal and Admlnlstratlve Infomiatlon (continued)
Staff:
Chief Executivelscientific Direcior.
Huw Golledge 8Sc PhD
Charity Secretary..
Jane Moornian
Assistsnt Scierrtific Director.
Scientific Officer..
Development Officer.
Managing Editor-
Sub Editor.
8irte Nielsen Bsc Msc Pho (from 21.09.2020)
Elizabeth Carter BSG Msc
Stephen M Wckens Bsc Pho
Steven Weddell Bsc BVSC MRCVS HND
Claire Richardson BSC. BVM&S, CertLAS,
MA (ODE) (Open), PhD, FHEA,.MRCVS
FundraisInC0mMun1¢ats.0n5 Manager.
Tracey Woods MCIPR
Office Statr.
Samantha Griffin
we L Goodwin
rina Langford
Princlpal Offlce:
The Old School. Brewhouse Hill.
ealhampslead. HertfoTdshire AL4 8AN
Telephone: 01582 831818
Fax: 01582 831414
Website.. VTréW.ufaw.org.uk
E-mail: ufaw@ufaw.org.uk
Reglstered Audltors:
UHY Hacker Young (East) Ltd, PO Box 501, The Nexus BuildrKJ,
Broadway, Letchworth Garden City, Hertfordshire. SG6 9BL. UK
Bankers:
HSBC Bank plc. 31 Chequer Street, St Albans. Herts. AL14YN
8arclays Bank plc. 33 Darkes Lane, Potters Bar, Herts EN6 18A, UK
Santsnder UK plo. Bn'dle Road, Bootbe L30 4GB, UK
Sollcftors:
thers LLP. 16 Old Bai*. LoNlon. EC4M 7EG. UK
Investment Advlsers:
Smith & Wlliamson Investrnent Managers, 25 Moorgate, London
EC2V 5NS, UK
COUNCIL'S REPORT
The Trustees of the Council (who a also the DirertOT5 of the Company for the purposes of
Company Lawl present iheir report and the financial staternents for the year ended 31 March 2021.
which have been wepared in accordance with current statutory requirements (Companies Act
20C6), the requirements of the charity's goveming dUrnent {i.e. the Memorandijm and Articles
ofAssoaation), the requiTements ofthe Slatementof Recommended Practice for Charities 2015 and
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS102) (EffectNe 1 January 2015).
Objects
The objects of the Federation are:
To prevent cruelty and promote humane behaviour tovards all animals whether domestic or
wild, in the United Kingdom or abroad. so as to reduce or eliminate pain, fear. suffering,
distress or lasting hami inflicted upon them by humans. and in pursuan of this airn to enlist
the energie5 of members ofuniversities, professional men and vnmen and all others who work
with. are responsible for. or care abl animals.
To encourage and Promote. through the process of education, good management, and
husbandry waCti vthereby the needs of animals are properly understood and met, and in
advancement thereof, to contribute to the store of scientific knovAedge by funding and
engaging in animal welfare research and by publishing the resulls ihereof.
Organlsatlon
The Universitss Federation for Animal Welfare (UFAW). founded in 1926 under a trust deed. is a
registered charity {No. 2079961. UFAW is also a I1panY limited by guarantee and not having share
capital {No. 579991 }. The members of the Council of UFAWforthe time being are the directors ofthe
company. There are usually 12 mentss of Councd. are ele(#ed on a rotation of 3 members
per annum. Council meets three to four times per annum and subgroups also meel to review the
Federation's finances, fUndraisij strategy, grant appbcations and other matters as appropriate.
The senior member of staff is the Chf Executr¥elSc*ntific Direutor who is responsible, under the
Council's govemance, for taking forward the Federation's programme. The Chief Executive is
assisted by a SerNor Management Team cornprisir¥J of the Assistanl ScEntific Director and the
Secretary.
Members will be aware that the members of Ihe Council of UFAW also are the Trustees of the
charity The Humane Slaughter Association (HSA) vthith, unYA(e UFAW, is a Charitable Incorporaled
Organisation. UFAW and HSA ioindy own The Old School premises at Wheathampstead in the
proportion % UFAW: IA HSA.
Councll
A list of Members of Council who ser¥ed durr¥J the year lo 31 March 2021 is at page 2.
Statement of C¢)uncll Responslbllities
The Council of Trustees (who are also directors of the Universities Federation for Animal Welfare
(UFAW) for the purposes of company law) are responsible for preparing the Trustees, Annual
Report and the financial statements in accordan wtth applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under
that law the Tnjstees must prepare the financial statements in accordance Vth United Kingdom
Generally ACpted Accounting Practice (United Kingdom Accounting Standards and applioable
law). Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair vitrN of the stale of affairs of the charitable company and of
the incorning res0$ and appl'cation of resources, irKludirvJ the incoffle and expenditure, of the
charitable company for Ihat period.
select suitable accounting poliiies ar#J apply them conSistty:
obseThe the nEthcwJs and winaples in the Charities SORP:
make judgements and accounting estimates Ihat are reasonable and prudenL
state whether applicable UK Accounts'ng Stsndards have been followed, subject to any
materia departures disclosed and exFdair*d in the financial statements: and
prepare the frwicial slatements on the gowbg (X)nc basis.
The Trustees are responsible for keepiro adeqle accountyig records that are sufficient to show
and exFAain the charitable companys transactions and disctose with reasonable accuracy at any time
the finarKial F)ositson of the tharitable company aNI enable them to ensure that the financkgl
statements comply ryth the Companies Action 20(kS he wmplied %*ith the duty in section 17(5)
of the Charities Act 2011. They are also responsible for safeguarding the assets ofthe company and
hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance arKI integiity of the corporate and financial
infomiation #icluding on the charitable company's websrte. Legislathjn in the United Kingdom
goveming the preparab'on and dsseminatK)n of ffinancial statements may differ from legislation in
other jurisdictions.
The Trustees confim that so far as tfw are
tY£re is no relevant audit information (as defined by section 418(3) of the Companies Act
2006) ofwhich the charttabte company's auditors are unaware. They have taken all the steps
that they ought to have taken as Truslees to make themselves avRre of any relevant audit
information and to estsblish that the charilable company'5 auditors are aware of that
infom)alion.
The Trustees continue to carry out the Federations, aims for the public benefft within the definition
of the charity's objects and the Charity Commission's gUIdae on charity Trustee5' public benefft
dutie5. As illustrated by this Report. the Trustees have complied with their duty to have due regard
to the gUIdan on p11¢ benefft publistRd by the Charity Cornmission in exercasing their powers or
duties.
Actlvltles, Alms and Stratsgy
A fijll strategy review was corryAeted in 2013. The Council revie and knther develops ihis, as
appropriate, annually. Specific objectives are set ar#J awewj by the Trustees. prior to the start of
each year. Progress with these objectives and knith other activibes d05ety monitored as the
year progresses, both at rnnthly staff meetings and by the Trustees at their meetings. In 2018
council rewewed three core areas of the tharivs a¢bvities: Web development and profibe; PR &
Cornm51meTfbbership; and Science. The search priortlies of the charity's scientific fvnding
programme were reviewed in 2019. An intsrim strategy was adopted in February 2021 ahead of a
more comprehensive review.
UFAWS activibes are (Mlned each year in Ihe rewt 'Science in the Sw¥ice of Animal Weware,
which is d'stribLrted to all rnembers. A few of the chariws major initiatives are listed below. The
emphasis of UFAWS work is encouraging and promoting a scrtifiC approach to aninal welfare (to
determine animals, needs and how these can be met) arKI education aboui animal welfare and animal
welfare science. partarfY attheItiIevel.
student Scholarshlps
The UFAW Arwmal Welfare Student Scholarship {AWSS) programme provides opportunities fof
undergraduates to develop their interests in animal welfare by undertakir4J a short research project.
The scheme provides support for the students. living expenses for up to 8 weeks and a small arno1
offunds for costs assoriated vath the research propct
This year UFAW funded 9 students. InCrj 6 overseas students, and one student working acro&
borders. sin their inception in 1983. these Scholar5hits have acied as the first stepping-stone to
career of working to improve the lives of anwnals for many people. To support ow student scholars
and to ty to ameliorate the challenges they faced this year in collecting data and carrying out their
projects in an VIrOnMent of Cov119 restrictions we extended the time that they had to hand in
the reports of their projects to U5. This in tum meant that we delayed. until late February 2021. the
annual meeting (held online this year). in which the scholars present the findirvJs of their studies.
This year Rosa Sthirnrnel of Utrecht UnNer*ty was awarded the Fami Anwnal Care Trust's UFAW
Ruth Harrison Scholarship for her project Earfy Life InternentlS to impmve lawng hens. weMaTr.'
inyt Of1ht du17ng Incubaln andgenelr b*Mund{ stfftss fftsponsivity oflawng hens
Support for Anlmal Welfare Research and other Activlt*8 through Grants
The UFAW Anlmal Welfare Rèsearch Tralnlng Scholarship scheme was established in 1998 as
part of the charity's efforts lo encourage high calibre science leading to substantial advances in
animal welfare. These stholaT5hips enatrAe promising young graduates to urKlertake research
programrnes leading to doctoral degrees. The 2016 UFAW Animal Welfare Research Training
Stholarship was awarded to Elena Arnistrong of Newcastle University, for a project entitled
'D8V8loping lrfetime animal wea assessm1 tools using novel physiological measu5 of
cumulafiv8 chmnic stless.. The total awar(I vms £99,964. Elena finished her experimental work
and wrote up her thesis in 2020. and then successfully defended her thesis viva early 2021. leading
to the award of her PhD. Additionally. has published several papers on her work and gbven
various oral presentations <)CIUding at the last UFAW Recent Advances Vll online COnferer in
2020).
The Anlmal Welfare Research Award 2019 received 38 wncept note5 and 4 full applications. An
award was made lo Professor Innes Cuthill at the Univety of Bristol and colleagues at the
Unriersity of Guelph, Canada and Utrecht. The Netherfands. 'Is Ilighl important to the w8Marn of
Captive birds?, The value of the grant was £45,751. The project is progressing well, and, despite
the coronavirus pandemic, Professor Cuthill rep that valuabk surrfey data is being accumulated
ahead of the start of its anatysis. It is expected that the resu5 will be ready May 2022 (project
extended due to student going on matemity leave). The investigators hope to understsnd whether
there is a correlation between welfare problems such as slereotypies or feather plucking and the
flight4lependence of various species.
In addltlon, varlous grants and avmnls have been given durlng the year. Includlng:
£508.22 to Dr Henri BertrarKJ (UnNersity of cambre>, to support a project entrued:
'Refinement olmouse injectable eulhanasia,.
£2.500 lo Nichola Clear (Comwall Wildlrfe Trust and Universty of Exeter), to SUPFQrt a project
on 'Bycatch Evidence Evaluat Pn)tocol- Can cthzen scientists effectwaly monitorbycatch
in dead stranded small cetaceans?
£8,646.66 to Dr Sandra Baker (WAdlife Conservation Research Uni( Oxtord University), to
support a project to assess the animal ylfare impacts of key rat management methods and
to host a stakeholder workshop to determine consensus sreS for the relative vlfare impact
of eaGh management method.. and to rank the methods by welfare impact for use in decision-
making.
£5.000 to Dr Lisa Yon (Universty of Nottingham. School of Veterinary Medicine & Science),
to support the development of a new eviden base to imwove elephant welfare in the UK
and worldwide usiw an online app version of the Elephant Behavioural Welfare Assessment
Tool.
£3.255.34 to Dr Vikki Neville {Bn'stol Vetefinary School), to fvnd a project entitl8d'Refining the
housing and husbandry of laboratory rnts.. a systematic rewe.
£1.782.08 to Dr Adam Powell (Marne Enwronmental Research Laboratory, Institute of
Aquaculture, Argyll). to support a research project entiued: 'Opbini&ng handling in salmoo
aquacultufft.. nKsh effect on cryptr lesws and hygiene.
We are delighted to be continuing trj furKJ the work of Ga Wldlife Health {GV4Tr1). which is a joint
project, led by the Institute ofzoology that exparKls the work of the UFAW initiated Garden Bird Heatth
InitiatNe. We have been 5UPPOrting this project annually since 2013. and this year we pledged a
further £15,000 lo be paid over the nexl 3 years. The project aims to UnderStar more about the
diseases that threaten the health. welfare, and conservalion of British wildlife.
UFAW also continued to SUPPOrt the UK Animal Welfare Research Network (Al4llRN). a BBSRC
funded UK initiative, with a grant of £16,978 awarded in 2018 spread over three years. The AWRN
aims to brirwJ together the UK animal welfare research communty, researchers in related areas. and
stakeholders with interests in animal welfare. UFAW aThJ AWRN are look9 at ways in which to
continue wth Iheir collaboratron.
Overseas awa$ have included granls to lepIents in Australia, China. and the USA.
£3,400 to Professor Ral Freire (Insliiute for Land Vlater and Society, Charfes Sturt University,
Albury, Australia). to support the devebprnent of a tool to assess wild penguin weSfare.
£1.2601o Dr Sara Platto (Colkge ofLife Science. Jianghan University. China), to run a webinar
on 'Challeng8s ofanimal prt)lection and 1[8 in the context of COVILL19 pandemic,.
£3,179 to Dr Courtney Diagle (Texas A&M AgriLife Research. USA). to support a research
project entiued: 'Using oanine olfaction to detect tr)ne spiratOry disease,.
The UFAWISAWI Fund was establKed in 21J)3104 from funds transferred from the charity the
Society for Animal Welfare in Israel (SAIM) with which UFAW has had a long association. Funds in
this account are used to promote animal welfare improvernents in Israel in accordance with the
obj'ects of the fomier charity SAV41. In 2019 we put out a call out for applications for a Research
Training Scholarship up to a vue of £150,(hXI lo begin in 2020. Unfortunately. we were not able
to offer a grant to applicants and are now looking at altemative ways in which we can support and
prornote scientific and educational initiatives for the advancement of anirnal welfare in Israel. We
did not receive any aFWicattons Ihrough our small woiect award for animal vRlfare in Israel.
Awards
As part of its endeavours to support the advancement of animal yfare Ihrough high qualty
science. UFAW njns an award scheme. the UFAW Medal for Outstanding Contributions to Animal
Welfare Saen, to recognise the exceptional achievernents of an individual scientist who has
made a major contribution to the advanrnent of animal welfare. We were delighted to award
Professor Daniel Weary the UFAW Medal for2020. Dan is Industrial Research Chair in Dairy Cattle
Welfare in the Faculty of Land and Food Systerns and the Universty of Brit15h CDkJmbia. In a
areer spanning more than 30 years so far. he ha5 rnade major contributions to understand and
improving the welfare of anim&s includirvJ dairy cattle and laboratory rodents. using non-invasive
methods to study thety bthaviour and rnotNations.
The Young Animal Welfare Scientist of the Year Award is aimed at earty career researchers from
anywhere in the world, who are currenuy studying for a doctoral degree and to posl-doctoral
scientists who are within six year5 of completing ther PhD work. Dr Irene Camerlink, Assistant
Professor at the Department of Animal Behaviour. Instiiute of Genetics and Animal Biotechnology,
Polish Academy of Sciences, was awarded the 2020 UFAW Young Animal Welfare Scientist of the
year. Dr Camerlink's work to improve the welfare of pigs has been exceptional. In 2020 it was
decided that future awards will be enlilled the UFAW Eaty-CareeT Animal Welfare Researcher of
the Year award to allow forthe possibilty of acknowledging those*tho have begun a career in animal
welfare science later in life.
Student Mentorlng
One way in which UFAWsupports Ihe intemational develOFXnt of animal welfare science is through
supporting the nexi generation of animal welfare Sctists. However. studentship applications
submitted from universities or countrtes that have limited animal vlfare science capacty do not
always have the scientific rigour required for UFAW to support them (as much as we would like to).
To address this hurdle. 'UFAW MentOTS' {typicalty postdoctoral scientists in centres of excellence in
animal welfare sclere) have been paired with'student Mentees,. In our first pilot year V facilitated
two mentoring partnerships.. Dr Nienke Van Staaveren frorn UnNer&ty of Guelph, Canada (Mentor)
with Alex Kyabarongo from Makerere University. Uganda (Student).. and Dr Mona Giersberg from
Utrecht Universty, The Netherlands (Mentor) with Victor Oyeniran frorn the Federal University of
Agriculture Abeokuta, Nigeria (Student). The scheme benefits the rrentee by linking them with a
skilled advisor who can guide them through the design of a highqualty research project and offers
beneffts to the mentor in providing them with experience of StJent supeNision and mentoring.
Throughout the process we have been very irnpressed with how our two pllot pairings have worked
together and, ultimately, that both partnerships vMe successfijl in Submitting a reseaTch application
which received funding. We intend lo expand Ihe scheme in 2021-22.
Mentors r1Ved £500 recornpense for their lime and guidance.
The UFAW Journal~ Animal Welfare
The peer-reviewed Scienti joumal Animal Weffare is published quarterty. The iournal is published
in-house by our editorial staff. This year vle published 36 peer-reviewed scientific papers in four
issues of the joumal, alongside book review5. letter5 to the edilor and reports on topical animal
welfare publications. The ioumal's impact factor (a measure of the influence of the journal derived
from the number of times papers are referred to in other papers) reached its highest ever level of
2041 in 2019.
Scientlfic Meelings
UFAW organises a range of scientific meetings to disseminate the latest animal welfare science to
Interested audiences.
It was our intention to hotd the 7th of our serie5 of one day conlerences Recent Advances in Animal
Welfare Science al the University of Birmingham on the 1 Juty 2020. Nfithen it became clear that this
was not going to be possible because ofCOVID-19 we decTrded lo transition the physical conference
to a virtual one. It was also decided because of the logistics of running the conference online that
we would run this over 2 days and as a free evenL This virtual plaffomy PToved very popular wilh
over 1000 registering to watch the INe event from 47 countrie5. and over 700 registered lo watch the
recording following the event. This represents a significant increase on the number of people who
typically attend a fat0•fa event and we are particularly pleased al the number of attendees from
outside the UK. Whilst there was n0 ¢05t to register for the conference, we did ask those doing so
to consider donating lo help with costs. We received £3493 in donations, for which we are v
grateful.
In November 2020, in conjunction with the Humane Slaughter Association and the Swiss Federal
Food Safety and Veterinary Office (FSVO) we organised a hvo-day seminar on Humanely Ending
the Lrfe of Animals which discussed recent advances in methods for the euthanasia or slaughter of
farm and laboratory anima15. Over 600 peo registered to attend this meeting. Registration was
free and UFAWS costs for organising the n*eting covered by the FSVO.
In October 2020 we hosted our annual R0dt and Rabbit Welfare rneeting jointly with the RSPCA
Animals in Science Departsnent. The meeting was held online and attracted almost 7IX) registrations.
The meeting was also free to attend arKI attracted £713 in donations
staff
In September 2020 we were delighted to be joir*d by Dr Birte Niefsen as our new Assistant Scientific
Director. It has been a strange start for Birte, as she has spent most of her first 9 months working
from home. with rK) face-ttrface contacts wtth her new colleagues.
ID March 2020. in compliance with government guideline5 V closed the office and staff worked from
home. One member of staff requested to be put on fvrlough. and thatwas only on a short-term basi%.
We conlinued regular 'coffee breaks" in our new virtual workl. which kept us all feeling connected.
The delivery ofthe charity objective5 deperK15 on ourtalented ar#J motNated staff. We are extremely
grateful to the staff for continuing to work tirelessty for the charity in difficult Cifcumstances.
We value diversity and are committed to equalty of opportunilies. We understand the value of an
inclusive approach and recognize the irw)act Ihat dtfferenl perspectives bring to the work we do.
Financlal Ovefvlew 5taternent
The total annual income for 2020r21 Yras £426.985. a decrease of £79,484 on the 2019120 year.
1£506.469).
Income from subscriptions. appeals and donations at £26.297 was a decrease of £52,519 on
2019120, (£78.816). In Ihe year 2019120 V received one generous donation instead of a legacy
bequest.
Legacy income for the year was low for the third year Tunnru. Legacy Income for 2020121 was
£94,229, coff4)ared to £67,491 in the 2019r20 year, this being an increase of £26,738. Lega
income continues to be unpredictable and has been identified as a risk Publications income at
£91,841 wa5 down by £1.114 on 2019r20. (£92.955).
Inve5trnent income at £184,924 in 2020121 has decreased from £217.189 in 2019120. This £32.264
decrease in investrnent income can be attributed to the impact of the Cov119 pandemio, we
predicted that incorne from investment5 will not rise substantially in the 202112022 financial year.
The income frorn the 241ay syrry)0 l*bJ in Brw in 201V20was £41,117. The 2019r20 vithal tsv
day Conferen was fr to atter#Y tKrt attracied donath)ns of £3.493. The ccfilinuing COVIt>19
resknctton5 have led u5 to hc*J arth virtual conference n Ihe 202112022 fmancial year.11 is hoO that
by the summer of2022 we wll te ab lo h(d a hytshj event Edyiburgh t1 with an online corrponent
to M3Mise access for those unable lo attend in person.
In line with accounting requyements, we revakE our irwestments at each year end. Realised
inve5trnents showed a gain of £98.588 a decrease on the previous year {2019120 £198,628). The
unrealised market value of the InvestnI portFo&o showed a gain of £1.427.666, (2019120 showed
loss of £1,154,943). The chaiity recognises that this is just a snapshot of our investment at a
point in time. it is highly dependent on the markets are at that moment. Movements. such as the
those experien¢e(I this year and last, slKJukl not be expected as standard. Our investment
performance is considered over a longer period.
The net operational105s was £139,324 for the year. (2019120 saw a loss of £227,863). To ensure
the planned work ofthe chanty coukj continue the cowKil instructed our irwestnRnt managers Smith
& Williamson to realise some wivestm*ts to prov an additional £200,000 in fvnds, 12019120
£150,000)
The overall expenditure during the 2020r21 year wa5 £566,308, a decrease on the previous year
{£734.332) of£168.024. The decrease ha5 been due to some activtlie5 being carKelled or switched
to virtual events. The costs of runn the Intemational Symposium in July 2019. contributed to the
201912020 charitae activities. We had one scientific staff vacwcy for 6 M(thS of the year, which
contrbjted to a reduction in staffing costs.
UFAWS actlviknes have aknys been heawty dependert on legxy and other furKling from its
supporters. and the chartty 15 most grateful to them for their generosty.
Investment Policy and Returns
In accordance with the Memorandum ofASSL¥iakn. Coun(a have the p(Ywer to invest in such stocks,
shares. inveslments and propety as they see ffiL Council engages Smith & Williamson Investment
Managers to manage the investment portfolio. The policy is to pursue a medium risk investment
strategy based on maximising income thOUt detrynenl to Qwth in investrnents. and without
incurring unnecessary risk. During the 2020r2021 year, £173,350 of the charitls totsl unrestricted
income was generated froffl nvestments managed by our investment managers. In the preceding
year, the incomevRs £192,535. The (trop in vestment incomebvas due to the global impact COVI[
19 had on the economy.
Ethlcal Investment Pollcy
The Trustees peritrjically review the policy regard ethical aspects of investments. The policy '
not to invest in companies whose activities are in conflict wth the obj.ects of the Charitie5. This is
monitored as closety as possibte. and details of al hoklings managed by the Charities, stockbrokers
are circulated at each Trustees, meeting. Additional, at each meeting new investments are listed
with a brief de$IptiOn of the organisation.
Rlsk Management
The Trustees are committed to effective risk management as an integral part of ensuring good
governan and to enable the charity to identify, revivw and rnanage uncertainty and major threats
in a systematic effeclive and efficient way. The structure ofthe charit$ risk document is in line wilh
the Charity Commission's document 'Charities arKI Risk Management,. The Chief Execuiive, with
Ihe support ofthe Senior Management Team, moritors exlemal developments that May impact upon
the organi5ation, and reviews any necessary changes to the risk document at regular meetings. The
Trustees considers the risk d(rnent al each of their meetings.
The charity has idenlified 4 key risk areas:
competitionl loss of profile and supporL
lUndrSIng protdems.
unhealthy dependence on particular income sources.
insuffiiient income leading to erosion of reserves.
These and other ident5fied risks are detailed in the rtsk register, which scores risks according to the
impact and likdihood of the risk and describes plans and controls that are in place to mitigate risks.
With respect to the ri8ks identifEd above, the chanty has a fundraising Strategy and aGlion-plan. The
Charty is highly dependent on legacie5, bui strives lo maintain drier5ity in income streams. and
reseNes are maintsined to provide a buffer against short and I(ger- term fluctuations.
The impact of the COVID-19 pandemic has been closely monitored by the Senior Management
Team (SMT) and Trustees since February 2020. The entire risk register was reviewed in light ofthe
impact of the pandemic in 2020 and a(klitional mitigations put in place where necessary. The
pandemic has impacted ihe charity in many of our key risk areas and the risk register has been
reviewed and updated consKleriNJ this and any fijiure resurg.
Key impacts of the pandern have Inc&Ied or may inclLKle in future:
10
Reduced investment income (due to feductions in share value5 and10ss ofdriidend income).
RedUd legacy incorne (due to reductions in legacy value as a result of reduced investment
pjrtfolio values).
RedUd voluntary income due to reductions in disposable incomes.
Competition for funding from charities which directy address the pandemic.
Reduced capacity to undertake key activitS such as holding face-to face meetings and
conferences.
Currenlty funded research projects have been subject io delays due to restricted access to
research faclIES etc. All major grant recInts have been contacled and nr*COSt extensions
reed where necessary. Staff continue to monitor impacts on UFAW-funded research.
Mityations
SMT are reviewing the fundraising Strategy and actively investigating ways to diversrfy and
inuease income. Investment managers have adjusted investments to minimise the impact
of the paTrJemic on ¥IVestrnt reium5.
The charities have rapidly adapted to working from home. Systems to allow efficient
horneworking have bn PLrt in place. Many activilies which wouhj have previously taken
place fa10-face have been successfully s*rytched to onlwie events.
The reseNes policy has been revith¥ed in4vJht of the pandemic. The Chartty has substantial
reserves and continue5 to maIn solvent. Funds will be drawn down as required to maintain
our core activities. AJI creditors will be paid In a timely manner. The lontei reserves policy
11 be revIev1 n the near future to better rellect our k)n*terni stratew.
Grant Maklng Pollcy
The Federation ma(e5 awards to support research. educatwjnal aThJ other projects in pursuil of its
objectives. Applications are judged in relation to their benefft for animal welfare, value for money,
Impacvrnerits and also in relation to other applcations received n the same time frame. Special
awards, eg Researth Training Scholarships other research awards and animal welfare awards
are adverbsed appropriatdy when they become availabbe. AppIaonS for project and several other
kinds of awards are made using Spec5[ application foms and are judged by the Grant Panel or by
staff given aLrthority to do so. The Pre$S of w(Fcts whose duraiion exceed a year 15 monitored
through annual reports.
It is our policy that all grants should te recognised as credttors as soon as they are agreed and
communicated to the grantee. irrespective of the period over which they are payable. Grant
commitments made today may not be comptel* satisfied al payments have been rnade.
Therefore. cash payments m* n any one year couhj inckKle amounts relating to grants awarded
in prior years. Our cash and investment p]10 is held to help the charity meet those longer-terni
oblig*ions.
Tanglble Flxed Assets
A valuation ofThe Old School, IA+heathampst&2d, was urthrtaken in 2019. Thi5 buihthng is owned
jointly with the Humane Slaughter Association. UFAWS share of the wemises was valLd at
£413,333 at 14 Aust 2019.
Trustse Indu¢tlon
The Trustee induction covers the history of the charity, its objects and con5titutKJn. govemance and
management. ownership of the premises. membership. financial positson and arrangpmnty rrent
tivibesand Twstees. roles respcwbthtE5. Thi5 is offered to all new Trustees.
Reserves
The reseNes policy is monitored and revivlved each year as part of the process of planning the
budget for the forthcomiThJ financial year. planning and beting for its activities The
Universities Federation for Animal Vleffare considws the level of reserves held, to strike a balan
belween the contyiuirrg development of our seThices. and the need for pnKlent marwment of our
working assets, commitments and WOVKling for contirvJencies.
Over the last 5 years of the charity's income has come from legacies and 35% from investment
income. The remainder is made up of donations a1 sutscriptions 120h. arKI Charitable activities
230h.
Legacies are inherenty diffilt to forecast arKI have the tendency to be volati. The charity's
relian on legacies has teen Klentified as a risk. Legacy income for 2021 has increased from the
previous 3 years Lwt is significantly less than that received in 2017. W8 feel that current level of
legacy income is an emerging trend.
The average annual core costs overlhe last 5 years have been £621,536. The aim is to hold resepies
sufficient to generate Vestrnent income of behveen 50% aTrJ 75% of the annual core cost5.
5UStaining key [ctionS and activities. induding the fKlIng of long-tern pn)jects. The charity'5
unrestricted reserves (the value after deducting fixed assets restricled [d5) at the end of 2020121
are £7.5m. (2019120: £6.4m). Based on a reduced foretasted reium on investment of 2VD. to meet
the 50-75% tsrget the reserves would need to be belween £15.5 mill'on ar¥J £23.3 millwjn. The
strategy is to build up resetves gradually by pnthit investrnent practice5. careful plannirwJ, and tight
financial control.
The Trustees recognise the need to:
Retwn and increase membership.
Improve communication with our membershlp and new audiences.
Generate income from charitable activities.
Identify and develop partnetships wikh furKlevs, charities and tnjsts to develop new
opportunilies.
Develop the strength and reputation ofthe jwmal.
Investigate new publishirvJ opportunities.
Financial Planning
Budgets are set each year, considering income recwed in Ihe FKevious year. estimated income in
the forthcoming year, and the demands of ujrrent and planned wogramrnes of work. As far as
Possible, we strive to conlinue to expand the charity's actsvii*s whilsi ensuring that suffiaent
reserves will be held in the future.
The Senior Managernent Team monitor income and expendthre monlhty and prepare reports for
the Financial Panel and Couniil throughoul the year.
The net cost of the activities planned by the Federalion for the financial year 2021122 is estimaled
at £879.213 {with £150.000 oftr#s being in debignated lunds on the balance sheel). The total income
fDr the year 2021r2022 ha5 been estirnated at £477.778 and tru5 includes a projected legacy income
of £280,106 based on a rolling ten-year profile of legacy income). Investment Income of £147,000
based on the projected Yo relum on 1 Dernber 2020. The deficit of£401,435 was agreed to enable
the planned programme of work to be executed. If required funds VAII be aojed frcrfn investments to
ensure charitable activities are not compromised.
Fundraising Statement
UFAW raises funds to support its charitable aims ty. seeking legacies. donations and appeals
through adVeseMents, press releases and publicity: and by applications to trust5. The charity Is
regulated by the Charity Commission and UK law. UFAW is a member of the Institute of Fundraising
and follows the Code of Fundraising Practice. which he to ensure that organisations raising
money for charity frorn tt)e public. do so honestly and properfy.
12
UFAW does not use a professional fvrKlraiser or have any conwcial pathets and does not use
telephone marketing.
UFAW respects the privacy and conL3ct pref&ences of all donors. The chaiity does not pass any
inforrnalion it receives to third parties.
Complalnts Policy
UFAW aims to resporKI prompuy to reql to cease contact or to wmplaints aThJ will act as best
we can to address their causes. UFAW has rt recetved any c•)mplaints in this year.
Remuneratlon Pollcy
The Charity is committed to ensuring Ihat staff are paid fairly and in a way which ensures the charity
allracts and retwns the right skills to have the greatest impact in delivering our charitable objectDies.
The remuneration corrffiittee for the charity 15 the Finance Panel. thich meets annually. in a closed
session. The Chief Executive attends the meetiro to discuss staff salarEs. The Chief Executive 15
not present when the committee discusses the Chief Executive's salary.
The main responsibilities ofthe RernUnerati Committee are to: Review the salary ofall staff against
the Universities and Colleges Employers Association IUCEA) pay scales, an independent bench
marking tool. Approve cost of incremenls based on those agreed by the UCEA", Approve any
consolidated pay awards and staff salary increases tSide of the annual review process; Approve
any non-consolidated pay award5 (bonus): arKI to determine pension arrangements.
No merrthr of stsff was paid more than £60.(KIO in Ihis fanCIal year 2020121.
No Tfustee received remuneration.
Concluslon
In conCS1on, Council is satisfied that the finanaal positson of the Federation is sound
And adequate resources exist to enable the *nned programme of work to be ulertaken
Apwoved by the Council a1 signed on their behalf ty.
A G Slmmons BVMS Msc MRCVS
Chalmian of Coun¢ll
21 Juty 2021
13
Independent audltor5 report to the Councll of the Universities Federatlon for Anlrnal Welfare
IA Company Limited by Guarantee)
For the Year endlng 31 March 2021
Oplnlon
We have audited Ihe financial statements of Uni¥pJsils Federatiw of Animal Welfare {the 'charriy')
for the year ended 31 March 2021 vthich comprise the statement of financial activfaes, the balance
sheet, Ihe statement of cash flows and the notes to the financial staternents, including a sumrnary of
significant accounting policies. The financial reFQrting framework that has been applied in their
preparation is applicable law and United lfjngdom Acc(MJntirs Standarts, including Financial Reporting
Standard 102 The FK)ancial Reporting StarKlard applicatle in the UK and Republic of Ireland (United
Kyigdom Generally Accepted Accounting Practice).
In our opinion, the financial statements".
give a true arKI fa'r view ofthe state olthe charitable c(XryanS affairs as at 31 March 2021
and of its incoming resources and apcatiOn of resources. for the year then ended.,
have been woperty prepared in aC¢Ndan vdth United Kingdom Generally Accepted
Accounting practi,. and
have been prepared in accordance with the requrements of the Companies Act 20c.
Basis for opinlon
We conducted our audit in accordance Y1h Intemational Standards on Audiling (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in Ihe Auditorfs
responsibilities for the aLNJit of the finanaal sLitements section of (Mjr rewL We are independent of
the charity in accordance with the ethical requrements that are relevant to (r audit of the acGount5 in
the UK. induding the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in
accordance with these requrements. We believe that the audit evidence VR have obtained is sufficient
and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
We have nothirvJ to report in respect ofthe f011ry1n9 matters in relation to vthich the ISAS (UK) require
us to Teport to you where:
the trustees. use ofthe goirvj concem basis of accounting in the preparation ofthe finanlial
statements is not appropriate: or
the trustees have not thsclosed in the financial statements any identified material
uncertainties that may cast significant doubt about the charity's abilty to continue to adopt
the going concem baS of acCtir0 for a period of al least tsyelve rnonths from the dale
when the financial statefflents are aulhorised f(K issue.
Other Infomiatlon
The trustees are responslble forthe other forMatiOn. The other infomation comprises the information
included in the annual report other than the financial statements and our audf(orfs report thereon. Our
opinion on the finanaal statements dces noi cover the other information and we do not express any
form of assurance conctsion thereon.
In connection with our audit of the financial statements. our responsibilty is to the other
information arKI, in doing so. con5KJer whelher Ihe other information is materially inconsistent the
14
financial ststements or our knowledge obtsined in the audit or olherwtse appears to be materially
misststed. If we identify such material incon5i5tencies or apparent rnaterial misstatements, we are
required to determine whetherthere is a material rni5Statement in the thancial statements or a material
misstatement of the other information. If, based on the work we have perfomed, we conclude that
there is a material misststement of this other information. we are required to report that faci. We have
nothing to report in this Tegard.
Mattern on whkh we are requlred to report by excepuon
We have nothrbg to report in respect ofthe following rnatters in relation to which the Charities (Accounts
and Reports) Regulations 2008 requi us to report to you rf, opinion:
the infomation given in the financial statemenis is inconsistent in any fflaterial respect th
the trustees. report OT
sufficient accounting rec(Yds have not been keptr, or
the financial statements are not in agreenEnt with the accountwy records,. or
we have not received all the information and explanations we require for our audit.
Responslbllltl8s of trustees
As explained more fully in the Stalent of trustees, reSpOn1)i11t1e5. Ihe trustees, who are also the
dyectcrfs of the charity for the purpose of company law, are responsible for the preparalion of the
financial statements and for being satisfted that they gNe a and fair view, and for such intemal
control as the trustees deterniin is necessary to enable the Frfeparation of financial statements that
are free from material misstatsment, vthether due to fraud or error.
In preparirNJ the frnCial statements. Ihe Irusiees are responsible for assessing the charity's abilrty to
continue as a going concem. disclosng, as applicable, maiters lated to go9 concem and using the
going concem basis of accountirKJ unless the trustees either interKI to Iquidale the charitable company
or lo cease operats'ons. or have no realistic aftemative bul lo (lo so.
Audltorfs responslbiltties for the audit of the financlal statements
We have been appointed as auditor under seclion 144 of the Charilie5 Act 2011 and report in
accordance wth the Act and reant reguktions made or havirKJ effect thereunder.
Our objectives are to obtain reasonable assuran about whellw the finanaal statements as a whole
are free from material misstalement. whether due to fraud or wror, and to issue an auditofs report Ihat
includes our opinion. Reasonable assurance is a tth level of assLwance but is nol a guarantee that
an audit conducted in accordance with ISAS (UK) aayS tect a material misstatemenl when it
exists. Misstatements can arise from fraud or error and are considered malerial if. indr4idually or in the
aggregate, they could rea50natAy be expeded to influence the economiG deGisions of users taken on
the basis of these financial statements.
ITregularities, including fraud. are Instan of nonThcompliance with laws and regulations. We des*]n
procedures in line with our resFonsibilities, ouUined above. to detect material mwlatements in respect
of irregularities, including fraud. The extent to which our woceduTes are capable of detectirvJ
irwularities, including fraud. 15 detailed below.
A further description of our responsibilities for Ihe aj11 of the financlal statements ts IDcated on the
Financial Reporting Counol's website atr. httP:IlvnAv.frc.org.uklaudttorsre5ponsibilities. This
description fomis part Df our auditorfs report
Irregularitles including Fraud
Based on our understanding of the charity and the iThJustry in which it cperates, we identffied that the
incipal risks of non-complian with laws and regulations related to the acts by the charity, which
yre contrary io applicable laws and regulations including fra. and we considered the extent to vthich
non-compliance might have a rnaterial effect on the financial statements. We also considered those
laws and regulations that have a direct impact on the weparation of the financial statements such as
the Charities Act 2011. We evabjated management's InntiveS and opportunities for fraudulent
manipulation ofthe financial ststements lYKluding Ihe risk of override of controls). and deiemined that
the principal risks were related to inflated revenue recognitson and net income for the year.
Audit procedure5 perforrned included: review of ts financial statement disdosuTe5 to underlying
supporting docurnentation, review of correspOndere with and reports to the regulators, enquiries of
management, and tesb'ng of joumals and evaluating vthether there evidence of bias by the
Trustees that represented a risk of material misstslement due to fraud.
There we inherent limbtstions in the audit Fxowlwes desu1bl above and the further removed no
compliance with law5 and regulations is from the events and transa¢tions refiected in the financial
statements, the less likely would become aware of iL Also, the risk of rKJt detecting a material
misstatement due to fraud is hvjher than the risk of not detecting one resing from error. as fraud may
involve deliberate concealment by. for example. forgery or intentional nknpresentstions. or through
collusion.
Use of our Report
This report is made solely to the charity'5 trustees. as a body. in accordance wtth part 4 of the Charitie5
(Accounts and Reports) Regulations 2008. Our aLKlit work has been undertaken so that we might state
to the charity's trustees those matters we are required to state to them in an auditors, report and for no
other purpose. To the fvllest extent pemiitted by law. we do rK*t accept or assume responsibility to
anyone other than the charity arKI the charity's Intstees as a body, for our audil work, for this report. Cf
for the opinions we have fom)ed.
30 September 2021
Shona Munday FCA (Senror Ststulory Al110r>
for and on behalf of UHY Hacker YoLmg (East) Limited
Chartered Accountants
Slatulory Audiior
PO Box 501
The Nexus Building
BToadway
Letchworth Garden Clty
Herts
SG6 9BL
UHY Hacker Young (East) Limited is elwJ1b for appointment as auditor of the tharity by virtue of its
eligibility for appointment as auditor of a company undeT Secti 1212 of the Companies Act 2CIJ6.
THE UMIVERSMES FEOERATION FOR ANIIAAL WELFARE
(A COMPANY UMITED BY GLIARANTEEI
Reglstered In England Cl• No 207996
STATEMENT OF FIW4CIAL ACTMTIES F(XI THE YEAR £NDED 31 2021
T•tsl
F¥r*•
TotslFwdB1021
213
25 167
76 641
2175
87 491
14$.>
1.13U
1ZO.S95
91.U1
g1.B41
2526J
gZ955
173)
419)
168
14Z97J
121.4fj5
IZl.455
19325
151.015
1n.39J
463
19.7
1fj$136
lJ4.514
4.070
ZlJ.119
217.IB9
11.574
41
11
4Z
CMt5 cIGenerJtr*J Fthji
*•iJ
7492
J)
431.451
191.393
167.77J
4•4ZI I
s$,ooo
19E.
7E614
21.574
N•tunrNlld ¢>h)L£&s1c klwk•iv4knr
lJ14.744
a2.J22
1.427.085
1.ISI.$4J I
N•tllo¥qffl•ffltofPuTh
1930
7.33&11¢
42.7fjZ
4g&J56
46T.256
BMlwmC•rwlHI Fvww•w
17
THE UNIVERSITIES FEDERATION FOR ANIPIAL WELFARE
BALANCE SHEET
as at 31 March 2021
2021
Flx•d Ass•ts
Tangibb Fixod Assets
Invg$tments
406.850
8.042.533
8.449.383
414,760
6.737.357
7.152.117
DebtOW5
MOMY Markel & Deposll A¢Cots
Cash at Bank and in
37.¢X6
308.952
22.277
36,104
233,868
42.772
36B.295
312.744
Currènt Llabllltl•s
CreditOts'
knounts Fallvj Ckne Ye
74
N•t CurrnntA¥¥•ts
186.CK11
Total Agsats 1•88 Curr•nt Uablllti
730.048
7,338.118
Credrtrys. FaknJ LkE ¥fter 14knt th•n 0 Year
N8t A•s•ts
&725.0
7.338.118
Fub9
Urwastricted
10
4128.837
596.211
fj,842,762
495.356
Resl
11
8.725.048
7338 118
The financial ststents pages 18- 20 yra aulhori tor issue ty Ihe COWKI on 21 JLdy 2021
Signed
11 of ihe Counal on 21 21Y21
A G Simmon5 8VTrIS Msc WiCVS
Chalrman
a/rn
C L Mccann 8Sc ACA
Hon Tr•a¥urBr
rK¥tes on pa9p$ 20 10 27 part of these a¢¢tyJnts
## **THE UNIVERSITIES FEDERATION FOR ANIMAL WELFARE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 March 2021**
|**Note**
**Net cash inflow/(outflow) from operating activities**
**16**
(
**Returns on investments and servicing of finance**
**17**
**Capital expenditure and financial investment**
**17**
**Increase/(decrease) in cash in the period**
**Reconciliation of net cash flow to movement in net debt**
**18**
Increase/(decrease) in cash in the period
**Movement in net debt in the period**
**Cash and Cash Equivalents at the start of the Year**
**Cash and Cash Equivalents at the end of the Year**|**2021**
**£**
349,891 )
184,924
219,556
54,588
54,588
54,588
276,641
331,229|**2021**
**£**
349,891 )
184,924
219,556
54,588
54,588
54,588
276,641
331,229|(
(
(
(|2020
**£**
446,591 )
217,189
186,352
43,050 )
43,050 )
43,050 )
319,691
276,641|2020
**£**
446,591 )
217,189
186,352
43,050 )
43,050 )
43,050 )
319,691
276,641|
|---|---|---|---|---|---|
|||
|||43,050 )
43,050 )
43,050 )
319,691|
|||||||
|||||
||
||||||276,641|
The notes on pages 20 to 27 form part of these accounts.
THE UNIVERStnES FEDERATION FOR ANIMAL WELFARE
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
as at 31 March 2021
1) Accountlng Polkle8
a) Basls of Accounting
These financial statenpnts have IRen prepared underthe historical cost convention as modified
by the revaluation of rtain fixed assets. with the expb'on of Inve5trTt5, vthich are included
at market value. The fffiancial statements have been prepared in accordance with the
Accounting and Reporting by Charl. Statement of Recommended Practi applicable to
charities preparing ther accounts accordan *ith the Financial Reporting Standard
applicable in the UK and ReputrAic of Ireland (FRS102) (effective 1 January 2015) -1(Charitles
SORP IFRS 10211. the financial ReForbrg Standard appIable to the UK and Republ of Irela1
{FRS1021, and the Companies Act 2006.
The Charity meets Ihe definition of a ptbliG benefft entity under FRS102. Assets and liabilitEs
are initially cOgnised at histori(21 c05t or tranSactn value unless otheThvise staled in the
relevant accounting poky rS).
The financial stalement has been prepared on a going concern basis. sin the pettod end
trading corwjtions have been advefsely affected by the coronavwus outbreak and tho
subsequent lockdo*Tr in the UK. HOver, the TnteeS have considered position of the
charty in fight of its atxlity lo c(IntYiue to operate through the lockdown period and the financial
resources available to it. These factors, together wilh, rf necessary. the avalable support for
charities wovided by the govemment in the fomi of delayed payments. grants and loan support.
lead the Trustees to bdieve that the chaiity can continue to cary on its operating activitses
Sucs1u[ for the loreseeable. The parbcular a(Ountj policies adopted are described
below.
b) Company Status
The Charity is a company limited ty guarantee. The directots of ttle company are the Council
Members named on page 2. In the event of the tharity being wound up, the liabilty in resFect of
the gutnntee is limited to £1 of the charity.
c) Fund Accounting
Funds hdd by the Federation are:
unSt¢ted general funds - these are furKls. [ch (xn be used in accordan Vth the
charitable objects at the di5c¥etion of Coun(il.
Desnated funds- these are frjnds sel aside by n¢11 out of unrestricted general fdS for
SpefiC future wrpose5 or projects.
Restncled funds - these are fvnds that can onty be used for particular restricted pury)Dses
within the objects of ttie Federation. Restrictions lSe when speixfied by donor or when
funds are raise(I for wticular restricted purposes.
Further exrAanation of the nature arKI purp)se of each furKI is induded in Ihe notes to the
accounts.
d) Incoming Resour$
All incoming resources are accounted for on an arUal basis when the charity is legally
entitled to the income and the amLnt can be quantified Wth reasonable aUracY, except
those legacies where the final value winot be deterrTMned in advarKe.
e) Resources Expended
All expenditure is induded on an accnjals basis aTrJ is recognised when there is a legal or
constructive obligation to pay for expenditure. V4fjwe costs cannot be attributable to paitiCar
headng5 they have been allocated to activrfaes on a basis consislent wryth use of the resources.
Premises overheads have been allocated on a Iloor area basis and other overheads have been
allocated on the basis of a head count The charity is not regtstered for VAT and accordingly
expendibjre is shown gross of rrecoverable VAT.
Fundraising costs are those incurTed in seeking voluntary contrrbutions and do not indude
costs of disseminating infonnation in support of the charitable aclivitses. Support costs are
those incurred direcuy in support of experKliture on the objects ofthe charity. Management and
administration costs are those wKurred in c(mneclion with adnmnistration of the charity and
compliance wth constitutional and Statutory requirements.
fj Tanglble Flxed Assets and Depreciation
Tangible fixed assets cosling more than £500 are CalISed and inthded at cost including any
incidental expenses of acquigkncffl.
Depciall0n is provided on all tanble fixed assets at rates calculated to vffite off the cost on a
straight-line basis over their expected usefijl economic Ipies as folk)w5'.
Freehokl land
Freehold buildings
Computers & other equi[ent
over 40 years
over 5 years
g) Investments
Investments are stated at market value atthe balance sheet date. Realised and uryealised gains
and losses on investrnents are deali wtth in the Statements of Financial Activities. Investment
income plus associated tax recoverable is credited to incorne on an accrual basis.
h) Stocks
Stocks of publications and other goods areitt off at purchase because a high percentage is
disposed of at no charge.
i} Pen31on Costs
UFAW does not operate an occupabonal pension scheme. The Federation contributes 80/0 of
pensionable salary to Inland Revenue approved personal pension schemes. From April 2001
the Govemment introduced stskeholder pensions arKI after carefvl consideration UFAW
designated Ihe Friends Life Stakehohjer Pension scherne for all future employees from that
date. The Federation uses irKJependent financtal advisors to monitor the Stakeholder Pension
provider and on their recorrwrEndation and. after consultation Yth staff, UFAW replaced
Friends Life with Aegon from Decwnber 2012.
J) Key Managemenl Personnel
The key management personnel of the charty comprise of the Chief Executivelscientific
Director, and Charity Secretary. The total amount of employee benefits (including employer
pension contributions) received by key managerrtht personnel forlheir seryices to the charity
wa5 £103,400 (2019r20. £108,442)
k) Forel9n Currencles
Transactions in foreign currencies are translated at rates prevailing at the date of transaction.
Balances denominated in foreign currencies are translated at the rate of exchange prevailing at
the year-end.
21
l) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayrnts are valued at the amouni prepared net of any trade discounts due.
m) Cash at 8ank and In Hand
Cash at bank and cash in hand indudes cash and short tem highly IKiuid investments in
deposits or similar accounts.
n) Creditors and Prov151ons
Credttors and provisions are rectynised where the charity has a present obligation resulting
from a past event and will probably result in the transfer of funds to Sett the obligation.
Creditors and provisions are nOnallY recogni1 at iheir settlement aniount after allowing for
any trade discounts due.
NOTES FORIAING PART OF THE FINANCIAL STATET5
FOR THE YEAR ENDED 31 VA• 2021
Re8tslctsd Total Funds
Funds
2021
2020
CrAts olGernr•Ung Funds
FundraiswvJ & PLthAyCos15
37.en
42.536
80.413
8.503
46,3eo
42.536
8e.916
60,894
42.S94
103.468
8.X13
Chortljblg Ad¥lll•¥
204,221
4.141
220,822
7,264
1,552
3.012
89.048
28,868
31.334
Uni¥er5ity Lw*s
Early Car••rScIiSt of th• Y•ar
UFAW M•dal
Rese¥th A*3
Antrfial W•We 5tthJwt 5¢holatships
PUcal)ns
Fees & Expenses
19.485
20.433
29.637
4.017
2.862
15,(
26.977
20.433
29.637
4,017
2,862
15.OCKJ
1,786
G•nlen Birf Prqect SuppJrt
Zoo Outsath
Syrw*¥a
290
309,586
42.241
431.451
302.fr34
7.492
Oth•r R•8(¢•$ Exp•nd•d
LW and Pffjf•ssonal Fees
Audtyl Fee
Akniiw51ralNJn Slaff S*wies
2.424
2,424
5.700
110,580
39.668
2,870
5,1
107,286
76.723
290
7.124
199.393
110.580
39ffj35
Bad O•lMS
9.432
167.nj
9.432
167.806
33
Slaff Costs
S¥•r*s
280.193
Sodal Seath 37.068
31.106
348.367
288.696
37.068
31.1C6
3S6.870
296.387
39.8e5
32.210
368,482
8.503
No employee e•med rhwre £60.fy)O per anNm12020- r41
sCnriC and EdUcaOnal
n•a•ffl•nt and Admini51ra
IIOTES FORMWG PART OF TrE FINANCIAL STATEMENTS leonfdl
FOR THE YEAR ElalED 31 IAarrh 2021
Fffjeh(4J L*J
&Jiklrys
tu9 8
Equipmenl
Ttxal
Tanglbl• FIX A98•ts
Costs or Marketva
Al 1 April 2020
PAditv)ns
At 31 Mar¢h 2021
Dgpre¢l•tlon
AetsJmuLated Dw•oab"on ai 1 2
char for the Y•ar
At 31 Marth 2021
413.333
53.872
467.205
413J33
55J94
468.727
47,852
2.543
50,395
52,445
9.432
61,877
N•t Book Valuo at 31 21121
401.852
4,998
406,8SO
Net 8ook Value al 31 March 202D
408,740
6.020
414.760
H*torieal FRehdd Buldings
Al 01.12.1997
D•wBEiatiun
D8preciabDn at 1.4.20
Charge for the year
A131321
Hljtorlc N•t Bool¢ Valu• at 31.121
103.833
108.&
171.SOO
2020
vlMents
Quoted
Markel Value at 1 2020
thitions al Cost
Less Oisposals at 8ookV*J•
10ou•as•llMcrease in 3[VI1th Stothbn
Nèt unreasEd GaInLOSses}
M•wkatV¥h* •t 31 M•rch 2021
8.737.357
1,389,185
11.417.224)
194,4501
1.427.666
7.882.067
1,840,829
11.6S9,527 1
1171,C691
1,154.9431
6.737.3S7
UK
£ 4.989.678
£ 3.052,855
4.346.087
2.391,270
Hiitorical Cost at 31 Marth 2021
6.088.656
6.117.300
D•bto
2021
2020
Tax Flecovernb
Prepayment5
Legaues
Other Debior5
1,771
19,71D
1,932
18,D88
15.S85
37.066
16.084
36.104
Credltorn Imounts tallng duq >
2021
2020
TTrdB Crndrtor5
Tax and So¢ial Seojrity
CanCeld Conf8Trnce knk.ng to be
AccrnaL5
57.343
99.179
3,560
23,
126.743
30.287
67.630
The UNPIERSITES FEOEIIATIOII FOR AIIIMAL WELFARE
NOTES FOIIMING PART OF THE FWIANCIAL STATEMENTS l¢on¢dl
FOR ThE YEAR 31 *rch 2021
2021
2020
Cradltors: Fallknu Dtse Aft•r th7n Onvy
Tradq Credlorn Within two tofowyew5
5.000
R•a1150d Galns
tn th• y&qr
Exp8ndliwp
In th• y•ar
GI[L$s5 on B¥•rK•
In¥tstm•nts
31.321
10 UnTrstrlEtsd Funds
31.320
Ur*•strict•d G•n•AI Funds
491612
491.612
$50.JO I
1.344.744
6J41762
1$•
Exp•Thlllw•
In Ih•yMr
Unrnal
GthflLos%l on
Mstmgnts
8alanc•
31.121
11 Reslrthd Fur4ts knrtsbywls
31J20
Inth•y
Lryh Br
13.322
Ltyn• Gas¢owJre 141.fjol
Ton*n Taykjr
29.919 1
161.003
148.711
3,675
4141
7681
455
12.991
10,734
29,Q03
29.n9
17.038
154.592
38.486
21D.014
176.081
596,211
1.214) 1
24.
5.168
5.3%>
LFAWISAVa Fur
Purpos•
Leh 8ru•m
LDma GaseoiJne
Trmnln Taykr
PennE Belts
UFAWISAWI
EncoLvagThrt ofhwn*e beha¥wrtLV4wts v4Brs•a%
OlarwHlw3Ie grnnts lo and soEYIE5
PRventw)n. eliniMbon. rnliel and curé ol p•n and lear in an4wIs
NOTES FORIIING PART OFT F*4Al4W STATEMENTS le•rtdl
FwY)1¥20 £2.2941.
14 UFAW COW11
No mernber5 of the UFAW Councl receNtd *y rtrwr*rab¢m Profit on disposal of fixed assets
Interest received
Depreciation charges
Nett Gain on Property Revaluation
Unrealised (gains)/losses on investments
(Increase)/decrease in debtors
(Decrease)/Increase in creditors
**Net cash inflow/(outflow) from operating activities**
**17**
**Returns on investments and servicing of finance**
Interest received
**Net cash inflow for returns on investments and servicing**
**of finance**
**Capital expenditure and financial investment**
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of tangible fixed assets investments
Sale of fixed asset investments
**Net cash (outflow)/inflow for capital expenditure and**
**financial investment**
**18**
**Analysis of Changes in Cash and Cash Equivalents**
As at 1.4.20
£
Net Cash:
Cash at bank
276,641
Total
276,641
**Analysis of Cash Flows for Headings Netted in the Cash Flow Statement**|(
(
(
(
(|**2021**
**£**
1,386,930
98,588 )
184,924 )
9,432
-
1,427,666 )
962 )
34,113 )
**349,891 )**
2021
£
184,924
184,924
1,522 )
1,294,735 )
98,588
1,417,224
**219,556**
Cash flow
£
54,588
54,588|(
(
(
(
(|**2020**
**£**
1,129,178 )
198,628 )
217,189 )
7,124
55,000 )
1,154,943
1,121
9,785 )||
||
**(**||**(**
(
(|
**446,591 )**||
||
(
(|||
2020
£
217,189
217,189
2,043 )
1,669,760 )
198,628
1,659,527
**186,352 **||
|||||||
|||||At 31.3.21
£
331,229
331,229||
||||||331,229|
The Universities Federatlon for Anirnal Welfare
The Old School. Brewhouse Hill. Wheathampstead. Herts, AL4 8AN
Tel: +44{0)1582 831818 Fa*. +44(0)1582 831414
Email= ufaw
ufaw.or
.uk vmw. ufaw.org.uk
(Company limited byguarantee No. 579991 Registered in England Charity No. 207996)