OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-03-31-accounts

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

The Universities Federation for Animal Welfare (A Company Limited by Guarantee)

REPORT AND FINANCIAL STATEMENTS

Year Ended 31 March 2025

Charity no: 207996 (Registered in England) Company no: 00579991

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Contents

Reference and Administrative Details of the Company, its Council 3
Members and Advisers
Council's Report 4–21
Independent Auditors' Report on the Financial Statements to the Members 22–24
Statement of Financial Activities 25
Balance Sheet 26–27
Notes Forming Part of the Financial Statements 28–46

General Data Protection Regulation 2018

In May 2018 the Data Protect Act 1988 was superseded by GDPR. In line with relevant laws, the charity has legal obligations relating to how it collects, stores, uses and processes personal information. Members, subscribers and others who have agreed to be on UFAW’s regular mailing list are reminded that their names and addresses are held on computer to produce address labels. Details of subscriptions and donations received are also recorded for audit purposes and, where payments are made by donations or subscriptions qualifying for tax relief, the amounts are listed to support claims for recovery of income tax from HM Revenue & Customs.

2 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Reference and Administrative Details of the Company, its Council Members and Advisers for the year ended 31 March 2025

Vice-Presidents

Lydia Brown MBE BVSc BA PhD FRSB MBA FRCVS

Bryan Howard BVMS PhD FRCVS Andrea Nolan CBE FRSE MRCVS John Pratt BVM&S DVSM FRCVS Gillian Sales BSc PhD AKC MRSB DipTCDHE

Alick Simmons BVMS MSc MRCVS

Council (who are the Directors of the Limited Company):

Chairperson:

Emma-Louise Singh MCIOF (advDip)[1 2] (from 13 November 2024) Mike Radford OBE LLB[1 ] (to 13 November 2024)

Deputy-Chair:

David Sargan MA PhD[1 2 3 ] (from 13 November 2024) Emma-Louise Singh MCIOF (advDIP) 1 2 (to 13 November 2024)

Honorary Treasurer:

Corrie McCann BSc ACA[1 3]

Members:

Siobhan Abeyesinghe BSc MSc PhD[3 ] Richard Bennett BSc MSc PhD[1 ] Emily Craven MA VetMB PGCertVPS PGDipIAWEL MRCVS[2] Jane Downes BVSc MRCVS Alison Enticknap PhD[2] Paula Junqueira BSc, MBA, CFP®[1 2 ] Dorothy McKeegan BSc MSc PGCAP PhD[3] Anna Olsson MSc PhD[3] David Pritchard BSc BVetMed MPH MRCVS Mike Radford OBE LLB[1]

Staff

Chief Executive/Scientific Director

Huw Golledge BSc PhD FRSA AFHEA

Company/Charity Secretary Jane Moorman

Research Director

Birte Nielsen BSc MSc PhD

Research & Grants Support Manager

Elizabeth Carter BSc MSc

Academic Liaison & Scientific Events Manager Stephen Wickens BSc PhD PGCE

Managing Editor

Steven Weddell BSc BVSc MRCVS HND

Sub Editor

Claire Richardson BSc BVM&S CertLAS MA (ODE) (Open) PhD FHEA MRCVS

Scientific Communications &

Outreach Manager

Luisa Teear BSc MSc AFHEA DLSHTM

Public Affairs lead

Carly Halliday BA MSc

Fundraising Manager Eilidh Muir BA MCIOF

CRM & Office Manager Samantha Griffin

Principal Office

The Old School, Brewhouse Hill, Wheathampstead, Hertfordshire, AL4 8AN, UK Telephone: 01582 831818 Website: www.ufaw.org.uk Email: ufaw@ufaw.org.uk

Independent Auditors

Hillier Hopkins LLP, Chartered Accountants, Registered Auditor, 249 Silbury Boulevard, Milton Keynes, MK9 1NA, UK

Bankers

HSBC Bank plc, 31 Chequer Street, St Albans, Herts, AL1 4YN, UK

Barclays Bank plc, The Howard Centre, Unit 12 Howardsgate, Welwyn Garden City, AL8 6HA, UK

Santander UK plc, Bridle Road, Bootle, L30 4GB, UK

Solicitors

Withers LLP, 16 Old Bailey, London, EC4M 7EG, UK

Investment Advisers

Evelyn Partners, 45 Gresham Street, London, EC2V 7BG, UK

Finance Assistant

Tina Langford MCICM (Grad)

1 Finance Panel Member

2 Fundraising Committee Member 3 Grant Panel Member

3 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Council's report for the year ended 31 March 2025

The Council members present their annual report together with the audited financial statements of the Company for the year 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Council confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charity’s governing document (ie the Memorandum and Articles of Association), and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Mission and vision

Our mission is to: discover what matters to animals, develop scientific solutions to animal welfare problems, and disseminate evidence-based animal welfare information.

Our vision is: a world where the welfare of every animal affected by humans is maximised through a scientific understanding of their needs and how to meet them.

Objectives and activities

a. Policies and objectives

The objects of the Federation are:

In setting objectives and planning for activities, the Council have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2).

b. Aims and strategies for achieving objectives

Specific objectives are set, and agreed by the Council members, prior to the start of each year. Progress with these objectives and with other activities is closely monitored as the year progresses, both at monthly staff meetings and by the Council members at their meetings. The research priorities of the charity’s scientific funding programme were reviewed in 2019.

4 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

An interim strategy was adopted in February 2023 ahead of a more comprehensive review. The plan has two main elements as outlined below:

Objective 1: Encourage and support high quality research likely to lead to substantial advances in animal welfare and support development of the capacity to carry out such research.

UFAW’s core objective is to promote “Science in the Service of Animal Welfare,” we do this through the support of high-quality, impactful animal welfare research and through the development of capacity to undertake such research (eg, by developing scientific talent and expertise).

Objective 2: Encourage the dissemination of evidence-based animal welfare knowledge.

As crucial as advancing animal welfare science is, the dissemination of findings to ensure that the science has a real-world impact on animal welfare is equally important. The aim of this objective is also to raise the profile of the charity and maximise opportunities to obtain support for our work.

A key aim of our strategy is to promote evidence-based animal welfare. Our plan includes elements aimed at disseminating animal welfare science to a wider audience including the interested general public through webinars and scientific meetings.

UFAW’s activities are outlined each year in the report ‘Science in the Service of Animal Welfare’ which is distributed to all members. A few of the charity’s major initiatives are listed below.

c. Activities undertaken to achieve objectives

Support for Animal Welfare Research and other Activities through Grants

A total of £88,014 was awarded under our general Research Awards category. This consists of our small grants and travel awards, our student scholarships, mentoring scheme, and supporting our University Links members.

Small Grants and Travel Awards

Spotlight on: Avoiding a polarised future: Synthesising diverse perspectives on the future of farm animal welfare

In early 2025, a team of UFAW-funded scientists participated in two animal welfare conferences in Canada – The Humane Canada’s 2025 Summit for Animals (Montreal, Quebec) and the International Society for Applied Ethology North American Regional meeting (Guelph, Ontario) - to explore how science can ensure a more unified future for farm animal welfare. The team led a panel discussion at the Summit that brought together different stakeholders to explore how scientific evidence and inclusive dialogue can foster unity. At both events, the group led interactive activities that invited delegates to share their thoughts about farm animal welfare. Attendees were first asked what good farming meant to them from their own perspective, before being asked to consider the same question from a different perspective. The task aimed to spark curiosity and encourage empathy amongst participants. More than 50 people took part in the activities across each conference, and the findings will be published in the coming months.

5 Science in the Service of Animal Welfare

D￿U$l9n Envelop& ID". 9C6EE2CA-8EE94E78-A937-FF2C5473A2F4 Small Grants and Travel Awards Our Small Grants and Travel Awards fund was established to provide support to individuals and organisations internationally. Funds can be used for research projects or other associated activities, such as travel to attend scientific meetings. Applications are accepted throughout the year. This year. we provided funding to support 18 projects. £60.281 Total Funding Awarded 18 Projects Funded 13 Countries Represented ProJectlEvents Funded: Welfare-oriented methane emission mitigation: Investigating the presence of discomfort in dairy cows feed-supplemented wirh 3.Nitrooxypropanol13-NOPI Guilherme Amorim Franchi, Denmark (£14.240) Using accelerometers to assess animal welfare during recreational fishing for Atlantic bluefin tuna (Thunnus thynnusJ- Neil Anders, Norway1£3,5001 Attendance at International Wild Equid Conference IIWECI for poster presentation of MSC thesis - Merijn Hemels. Netherlonds1£9001 Avoiding a polarised future.. Synthesislng dlverse perspective5 on the future of farm anlmal welfare - Jen-yun Chou, Canada (£2.600) Brldglng the gap: Basellne study on flsh welfare practlces Sn cluster flsh farms of Delta and Edo States. Southern Nlgeria - Fellx Nwose, Nlgerla1£2.3181 Operant conditlonlng of chimpanzees at Chimfunshi Wildlife Orphanage Trust. Keeper tralnlng and apacity building - Peggy Motsch, Zombia1£2,178) Knowledge exchange & collaborative research workshop IEquine Houslng and Reproductive Welfarel Kelly Yarnel, United Kingdom {£9951 Travel grant for: 'Training Positive Animal Welfare" Femi Gabriel Oyeniyi, Nigerio {£2.5341 The relationship between keel bone fracture. welfare and productivity in layer breeders - Mariam Opeyemi Logunleko, United Kingdom1£3.401) Use of multi-modal enrichment- lrnplications for welfare of captive living red-ruffed lemurs and healthier visitor experience - Berkay Arslan, United Kingdom1£8.599} Support attendance to UFAW Conference 2024, Porto, to present a poster- Mandeep Singh Azad, Indio1£1.750} Support attendance to UFAW Conference 2024, Porto. to present a poster entitled - Ayoola OluyemS, Nigeria {£2,0351 Identifying behavioural Indlcators of sleep in gestating sows using polysomnography- Christoph Winckler, Austrio {£3.500) Support attendance to UFAW Conference 2024, Porto. to present:"Capybaras in the city: understanding urban coexistence" Katya Medvet Nunes Sayn, Brazil1£1,891} Support attendance at UFAW Conference 2024, Porto. to present.'"Rearing pigs with play opportunities.. the effects on disease resilience in pigs experimentally inoculated with PRRSV'_ Karolina Steinerova, Conuda1£1.820) Supporting student attendance at the International Society for Applied Ethology IISAE} Congress 20241£4.7001 Understanding the cays purr: Can we discern distress purrs from happy purrs? Sebastiaan Bol. USA (£2.341) Supporting attendance at the SAALAS 2025 Well-being Conference to give an oral presentation - ,&'OSha.,T￿0mps.On,￿r.dham..S0Uth.AlrICQ.￿8Ol 6 Sci•ilCè ill thè Sèrvicè of AnimAI Wèlfar*

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Student Scholarships

Through the Animal Welfare Student Scholarship scheme, UFAW encourages university students to expand their knowledge of animal welfare science by engaging in a short research project. Since the inception of the scheme in 1983, more than 440 students have been able to undertake their own research project in animal welfare science.

During the last decade, UFAW has worked tirelessly to expand support to students at non-UK institutions with grant recipients from Nigeria, Kenya, Tanzania, Spain, Portugal, Poland, Brazil, Chile, Estonia, Australia, Canada, USA, The Netherlands, and Namibia, having all benefited from the scheme. Of the 443 students who have benefited from the scheme, 39% have been based at non-UK universities. 2024/25 was another successful year with UFAW awarding funding for 8 scholars from 7 countries, out of a total of 31 applications, who undertook a diverse range of projects.

Feedback from some of the 2024 scholars:

Students should seize this scholarship opportunity with open arms, as it offers invaluable support and resources that can significantly enhance their academic and professional growth. The scholarship not only provides financial assistance but also fosters a strong network of like-minded individuals passionate about animal welfare and research. It enables students to identify key gaps in their areas of study and empowers them to develop practical, impactful solutions. This is a chance to make a real difference in personal development and in contributing meaningfully to the welfare of animals and society at large.

2024 Scholar

7 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

I am incredibly grateful to UFAW for the support as it provided an invaluable opportunity and stepping stone in my academic research journey and future career.

2024 Scholar

UFAW were extremely supportive and in contact the whole way through. I think it’s an excellent way for students to gain experience relating to their field, especially those who need to work alongside uni to afford living expenses/who may not be able to gain experience through volunteering etc.

2024 Scholar

Photo from Megoliki Meng’oru Lengolong:

The Farm Animal Welfare Care Trust’s UFAW Ruth Harrison Scholarship was awarded to Daniele Alencar (Pontifical Catholic University of Paraná, Brazil) for her project: ‘Effect of environmental enrichment during pregnancy on the welfare and performance of pre-weaning rabbits’ . This scholarship is awarded to the best project studying the welfare of farmed animals. The scholarship was established with the support of the Farm Animal Care Trust (FACT), in memory of Ruth Harrison, whose tireless work at the Trust, and seminal book, ‘Animal Machines’, led to reform and long-lasting improvements in farm animal welfare.

Daniele was presented with the award at the online Student Scholar meeting held in December 2024. This meeting provides the Scholars with an opportunity to present their research to their peers, gaining valuable experience in effectively communicating their research.

Some thoughts from the Scholars following the presentation of their research at the meeting:

“...my experience presenting was truly exciting. Having the opportunity to share my findings with an international audience greatly boosted my confidence and motivation. It was rewarding to know that my work wasn’t just staying with me, but was reaching beyond borders. I also enjoyed hearing the presentations from fellow awardees. It was enriching to gain insights from their diverse perspectives.”

“Putting together a formal presentation for a conference setting is something I have never done before, so the process of learning how to do so was very helpful for my future career.”

“It was both inspiring and deeply moving to witness the global impact of the scholarship and the heartfelt commitment demonstrated by fellow scholars from around the world.”

8 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Awards

Our award schemes acknowledge individuals who have made significant contributions to the advancement of animal welfare science through high-quality science.

The UFAW Medal for Outstanding Contributions to

Animal Welfare Science recognises the exceptional achievements of an individual scientist who has made a fundamental contribution to the advancement of animal welfare over a number of years.

In 2024, we were delighted to present the award to Professor Emeritus Robert (Bob) Elwood of Queen’s University Belfast, UK.

Bob received the award for his groundbreaking research on pain in decapod crustaceans, which has deepened our understanding of invertebrate welfare worldwide. His work has influenced policy and informed legislation in Switzerland, Australia and the UK. Bob has authored more than 200 publications, including a chapter in the recently published 9[th ] edition of UFAW’s

Handbook on the Care and Management of Laboratory and Other Research Animals.

His contributions to the work of animal welfare also include supervising 39 PhD students to completion and establishing an MSc in Animal Behaviour and Welfare at Queen’s University Belfast. Finally, Bob has contributed to the running of major international societies, including the Association for the Study of Animal Behaviour.

The UFAW Early Career Animal Welfare Researcher of

the Year Award recognises the achievements of scientists currently studying for their doctoral degree or who are within six years of the end of their PhD work, and who have made significant contributions to improving the welfare of animals. The recipient of the 2024 award was Dr Vikki Neville, Biotechnology and Biological Sciences Research Council (BBSRC) Discovery Fellow and Proleptic Lecturer at Bristol Veterinary School, UK.

Vikki received the award to recognise her academic excellence, drive and leadership in improving the welfare of laboratory animals. Vikki advances welfare science with her innovative approaches to key welfare questions.

While her research interests are diverse and span many species, Vikki focuses on using high quality fundamental science studies to better understand animal emotion and welfare. Her passion for welfare science is also reflected in her commitment to mentoring colleagues and students in applying quantitative methods to animal welfare issues.

9 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

University LINKs Scheme

The UFAW LINKs Scheme is our international outreach initiative that encourages engagement with animal welfare science through a global network of participating universities and colleges. In 2024/25 we continued to grow the scheme by welcoming a further 14 institutions around the world. We are now supporting 155 institutions , based in 49 countries .

The aim of the scheme is two-fold; participating institutions are kept up to date with relevant news, updates and opportunities from UFAW, as well as providing financial support for activities and events organised by the LINK institutions themselves.

During 2024/25, we funded 21 activities , including:

Animal Welfare Awareness Outreach at Bukalasa Agricultural College, Uganda September 2024

The Makerere University Animal Welfare Club delivered a successful outreach workshop at Bukalasa Agricultural College, focused on increasing awareness of animal welfare issues. A total of 25`1 students, faculty members and professionals, listened to presentations discussing principles of animal welfare, animal welfare concerns and enforcement. Attendees also participated in a workshop introducing the work of UFAW, encouraging collaboration and further education in animal welfare

Equine Welfare Month, Estonia

October 2024

Hyraco, the equine veterinary student association at the Estonian University of Live Sciences, hosted a month-long series of events on equine welfare. The programme included five lectures, one practical session and an online quiz covering legislation related to equine welfare, hoof care and saddle fitting.

Animal Welfare Assessment Content, USA

November 2024

Veterinary students from the Atlantic Veterinary College and Texas A&M University participated in the 2024 Animal Welfare Assessment Contest (AWJAC) at the University of Wisconsin-River Falls with support from the UFAW LINK Scheme. The event, hosted by the American Veterinary medical Association (AVMA), teaches students to assess the welfare of animals in different settings using science-based methods and reasoning.

Student Mentoring

The UFAW Mentoring Scheme pairs students with more experienced mentors, who guide and support the student in the early stages of project planning. The partnerships are beneficial for both the student and the mentor; the student learns from a more experienced researcher, ensuring their research project has a solid scientific foundation, whilst the mentor can develop their mentoring skills and forge international connections. During 2024/25, we set up three new mentoring partnerships:

10 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

The UFAW/SAWI Fund was established in 2003/04 from funds transferred from the charity the Society for Animal Welfare in Israel (SAWI) with which UFAW has had a long association. Funds in this account are used to promote animal welfare improvements in Israel in accordance with the objects of the former charity SAWI. No grants were awarded this year.

The UFAW Journal – Animal Welfare

The journal is published Open Access by Cambridge University Press and managed by UFAW staff including a full-time Managing Editor and part-time Sub Editor. Until January 2025, the Chief Executive and Research Director served as joint Editors-in-Chief. In January 2025, the Chief Executive stepped down from the role and Professor Bas Rodenburg, a long-standing Section Editor and Professor of Animal Welfare at Utrecht University in the Netherlands, was appointed as joint Editor-in-Chief alongside UFAW Research Director Dr. Birte Nielsen.

A volunteer Editorial Board of 23 Section Editors manages peer review for each submitted paper. We would like to extend our gratitude to the Section Editors for their generosity in donating their time and expertise to support the peer review process. Similarly, we are grateful to the many anonymous peer reviewers who ensure that each paper submitted to the Journal undergoes a rigorous scientific assessment before being deemed acceptable for publication.

In 2024/25, five new members joined the Editorial Board:

Dr Sara Hintze

Dr Benjamin Lecorps

Dr Vikki Neville

Dr Danilo Florentino Pereira

Dr Christian Nawroth

11 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

During the financial year, we published 60 papers, six book reviews, two letters and an editorial. Highlights include:

Forum theatre as a tool to promote positive donkey welfare on Lamu Island, Kenya A new future for dog breeding.

Scientific Meetings and Conferences

Throughout the past year, we have organised a series of meetings to allow for the dissemination of the latest animal welfare science advancements, and to promote collaborative working and networking opportunities:

UFAW International Animal Welfare Conference 2024 (July 2024)

The 2024 Conference was held in-person in Porto, Portugal. The conference highlighted the latest advancements in animal welfare science. In total, there were 3 keynote presentations, 39 submitted talks and 68 posters addressing the welfare of a variety of different species and detailing approaches to understanding and improving animal welfare.

In addition to the presentations, we hosted a valuable workshop for early-career researchers focusing on applying scientific skills outside of academia. Participants had the opportunity to engage with panelists about transitioning to careers where their animal welfare research skills can be used.

We were delighted to welcome 150 in-person participants from 23 countries, and a further 109 online participants from 12 countries. The recordings of the presentations were available exclusively to registered delegates for three months following the conference, after which time, they were made freely available at ufaw.org.uk/recordings.

31[st] RSPCA/UFAW/IAT Rodent Welfare Group Meeting (Autumn 2024)

We were once again pleased to co-host this annual meeting in conjunction with the RSPCA and IAT in Bristol, UK in Autumn 2024. We welcomed 40 delegates to this in-person event which featured 8 talks. The meeting serves as an important forum for sharing knowledge both about the latest refinements and the innovative ways various institutions have found to ensure they are implemented.

Staff

The successful delivery of our charity’s objectives is made possible by our talented and dedicated staff. We are deeply grateful for their unwavering commitment and tireless efforts. Their passion and perseverance continue to drive our mission forward and make a meaningful difference every day.

12 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Achievements and Performance

a. Financial Review

Income for 2024/25

13 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Expenditure for 2024/25

In line with accounting requirements, we revalue our investments at each year end. Investments showed a net gain of £244,719, a decrease on the previous year (2023/24 a net gain of £287,552). The unrealised market value of the investment portfolio showed a gain of £123,894, (2023/24 showed gains of £253,034). The charity recognises that this is a snapshot of our investments at a point in time, it is highly dependent on where the markets are positioned at the year end, and the value on this specific date. Our investment performance is considered over a long period.

UFAW’s activities have always been heavily dependent on legacy and other funding from its supporters, and the charity is most grateful to them for their generosity.

14 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

b. Fundraising activities and income generation

UFAW raises funds to support its charitable aims by seeking legacies, donations and through advertisements, appeals, press releases and publicity, and by applications to trusts. 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 helps to ensure that organisations raising money for charity from the public, do so honestly and properly.

UFAW does not use an external professional fundraiser or have any commercial partners and does not use telephone marketing.

UFAW respects the privacy and contact preferences of all donors. The charity does not pass any information it receives to third parties.

c. Privacy policy

We sometimes use external service providers to process personal data on our behalf and when we do so we have appropriate agreements in place to ensure your information is protected. Any data transfers between us and external service providers are conducted by secure means.

UFAW is sometimes required to disclose details to the police, regulatory bodies or legal advisors for specified lawful purposes.

UFAW may transfer personal information outside the EU when it is necessary for the administration of its scientific activities (eg, to administer grants, meetings, etc).

d. Complaints

UFAW aims to respond promptly to requests to cease contact or to complaints and will act as best we can to address their causes. UFAW has not received any complaints in this year.

e. Investment policy and performance

In accordance with the Memorandum of Association, Council has the power to invest in such stocks, shares, investments, and property as they see fit. Council engages Evelyn Partners to manage the investment portfolio. The policy is to pursue a medium risk investment strategy based on maximising income without detriment to growth in investments, and without incurring unnecessary risk.

Investment income for 2024/25 was £178,156, a decrease of £12,457 from £190,613 in 2023/24. This remains below the pre-pandemic level of £217,189 recorded in 2019/20. A significant increase in investment income is not anticipated for 2025/26. Nonetheless, this income remains a crucial source of funding for the charity, supporting the continuity of our work.

f. Ethical Investment Policy

The council members review our ethical and investment policy annually. The policy prioritises investments that align with our values and do not conflict with our charitable objects. Our holdings are reviewed at each Council meeting. We expect our investment managers to act as stewards of our investments who regularly review our portfolio, monitor for ESG risks and prioritise investments in companies that demonstrate a commitment to animal welfare and strong corporate governance. Risks are reported and reviewed annually by the Finance Committee. The investment managers have provided a full review of their engagements with investee companies over the preceding 12 months as well as an update on the portfolios positioning from an ESG standpoint.

15 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

The charity is proactively working with the investment managers to update the ethical and responsible investment policy following changes to Charity Commission guidance and to further align our investments with the values of the charity. We believe this will be beneficial to the charity and its stakeholders over the longer term.

g. Grant-making policies

The Federation makes awards to support research, educational and other projects in pursuit of its objectives. Applications are judged in relation to their benefit for animal welfare, value for money, impact/merits and in relation to other applications received in the same time frame. Special awards, eg, Research Training Scholarships and other research awards and animal welfare awards are advertised appropriately when they become available. Applications for project and several other kinds of awards are made using specific application forms and are judged by the Grant Committee or by staff given authority to do so. All grants over a value of £10,000 were reviewed and approved by the Grants Panel. The progress of projects whose duration exceed a year is monitored through annual reports.

It is our policy that all grants should be recognised as creditors 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 completely satisfied until all payments have been made. Therefore, cash payments made in any one year could include amounts relating to grants awarded in prior years. Our cash and investment portfolio are held to help the charity meet those longer-term obligations.

h. Going concern

After making appropriate enquiries, the Council have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

i. Reserves

UFAW has multiple sources of income. Over the last 5 years, 43% of the charity’s income has come from investment income, and 22% from charitable activities. The remainder is made up of legacies at 28%, and donations and subscriptions at 7%.

16 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Historically, legacies were our major source of income, but we are seeing a downward trend in this income source. In a typical year, the legacy income comes from a very small number of comparatively large legacies, many of which come from donors previously unknown to the charity.

The charity’s reliance on this income, has been identified as a risk. The Trustees have committed to activities that will diversify our income streams.

The charity was fortunate enough to have received substantial legacy income in the past, which allowed the council to make prudent financial decisions, ensuring reliable funding sources for the future. Income from our investments, shown in orange below, is a reliable source of funding, and ensures that we can continue our work without interruption.

17 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

At the end of 2024/2025, the value of the reserves remains at £6.5m, the same as at the end of 2023/2024 £6.5m. This is the value after considering the:

The charity has been running with planned budget deficits for the last six years. The average expenditures over the last 5 years have been £647,071 with the average income being £428,742. We plan to run at a deficit over the next 4 years whist we invest in charity infrastructure, capacity, and capability to sustain the organisation in the long term.

To enable the charities to continue with their activities we instructed our investment managers to realise some of our assets to meet the shortfall in annual income. With their careful management, our level of investment value has remained steady. Our investment portfolio, currently valued at £7.46 million, provides us with a steady and reliable income stream through dividends and bond payments, and these are not considered “free reserves”.

Reserves/cash in hand Policy

We aim to hold 6 months operating costs as cash at the bank. Our bank balance at the end of 2024/25 was £390,944, with an average 6-month operating cost of £321,648 (2023/24 bank balance was £391,541, with 6-month cost of £318,665).

j. Plans to increase income streams

The Trustees commissioned Moore Kingston Smith to carry out a full review of our income generation to help identify new income streams and maximise income from existing sources. In November 2023, we appointed a Fundraising Manager, and a 5-year fundraising plan was approved by the Council. This plan requires investment in further staff and improvement to the infrastructure to succeed. Monies have been designated for this purpose.

k. Plans for future periods

Budgets are set each year, considering income received in the previous year, estimated income in the forthcoming year, and the demands of current and planned programmes of work. As far as possible, we strive to continue to expand the charity’s activities whilst ensuring that sufficient reserves will be held in the future.

The Senior Management Team monitor income and expenditure monthly and prepare reports for the Finance Committee and Council throughout the year.

The net cost of the activities planned by the charity for the financial year 2025/26 is estimated at £1,360,655 (with £150,000 of this being in designated funds on the balance sheet). Charitable activities account for 42% of the budget. The total income for the year 2025/26 has been estimated at £373,952, this includes a projected legacy income of £109,092 (based on a rolling ten-year profile of legacy income). Investment Income of £178,203 based on the projected return as of January 2025. The deficit of £986,713 was agreed to enable the planned programme of work to be executed. Funds will be added from investments to ensure charitable activities are not compromised.

18 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Structure, governance and management

a. Constitution

The Universities Federation for Animal Welfare (UFAW), founded in 1926 under a trust deed, is a registered charity (No. 207996). UFAW is also a company limited by guarantee and not having share capital (No. 00579991). The members of the Council of UFAW for the time being are the directors of the company.

b. Methods of appointment or election of Council Members

There are usually between 12 and 14 members of Council, who are elected on a rotation of 3/4 members per annum. Council meets four times per annum, and subgroups also meet to review the Federation's finances, fundraising and communication strategy, grant applications and other matters as appropriate.

c. Organisational structure and decision-making policies

The Council usually meets four times each year. A Finance Committee and the Fundraising Committee also meet 4 times a year. The Grants Committee hold meetings as required to consider funding applications. The Chief Executive/Scientific Director (CE/SD) has overall responsibility to the Trustees for the management of the organisation in execution of the Trustees’ policies. The Charity Secretary is responsible to the Trustees, through the Chief Executive, for financial and administrative matters delegated by the Trustees. The Chief Executive is assisted by a Senior Management Team comprising of the Research Director and the Charity Secretary.

The members of the Council of UFAW are also Trustees of the charity The Humane Slaughter Association (HSA) which, unlike UFAW, is a Charitable Incorporated Organisation. UFAW and HSA jointly own The Old School premises at Wheathampstead in the proportion 2/3 UFAW: 1/3 HSA.

d. Policies adopted for the induction and training of Council Members

The Trustee induction covers the history of the charity, its objects and constitution, governance and management, ownership of the premises, membership, financial position and arrangements, current activities and Council Members’ roles and responsibilities. This is offered to all new Council members.

e. Pay policy for key management personnel

The charity is committed to ensuring that staff are paid fairly and in a way which ensures the charity attracts and retains the right skills to have the greatest impact in delivering our charitable objectives.

The Remuneration Committee for the charity is the Finance Committee, which meets annually, in a closed session. The Chief Executive attends the meeting to discuss staff salaries. The Chief Executive is not present when the committee discusses the Chief Executive’s salary.

The main responsibilities of the Remuneration Committee are to: Review the salaries of all staff against the Universities and Colleges Employers Association (UCEA) pay scales, an independent bench marking tool; Approve cost of living increments based on those agreed by the UCEA; Approve any consolidated pay awards and staff salary increases outside of the annual review process; Approve any nonconsolidated pay awards (bonus); and to determine pension arrangements.

Three members of staff were paid more than £60,000 in this financial year 2024/25. One employee fell into the £80,000 - £90,000 bracket, and two in the £60,000 - £70,000 bracket.

No Council Member received remuneration.

19 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

f. Equality

We value diversity and are committed to equality of opportunities. We understand the value of an inclusive approach and recognise the impact that different perspectives bring to the work we do. We practice anonymous recruitment procedures for vacancies maintaining confidentiality and fairness in recruitment practices.

g. Related party relationships

The Humane Slaughter Association is a connected charity to UFAW by nature of common Trustees. The charities share certain staff, premises and administrative facilities.

h. Risk management

The Council Members are committed to effective risk management as an integral part of ensuring good governance and to enable the charity to identify, review and manage uncertainty and major threats in a systematic effective and efficient way. The structure of the charity’s risk register is in line with the Charity Commission’s document “Charities and Risk Management”. The Chief Executive, with the support of the Senior Management Team, monitors external developments that may impact upon the organisation, and regularly reviews any necessary changes to the risk register. The Council Members review the risk register at each of their meetings.

The charity has identified the following key risk areas:

These and other identified risks are detailed in the risk register, which scores risks according to the impact and likelihood of the risk and describes plans and controls that are in place to mitigate risks. With respect to the risks identified above, the charity appointed Moore Kingston Smith to carry out a full fundraising review. Following the review, the Council Members have developed a fundraising strategy and action-plan. In the 2025/26 financial year, the charity will seek to implement a legacy and major donor programme with the aim of significantly growing income from these sources over the coming years. The charity is highly dependent on legacies, but strives to maintain diversity in income streams, and reserves are maintained to provide a buffer against short and longer-term fluctuations.

i. Council Members’ indemnities

The charity holds Directors and Officers insurance cover for Council Members and employees. The cost of the cover for 2024/25 was £3,668. (In the year 2023/24, it was £1,819).

Statement of Council Members' responsibilities

The Council Members (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Council Members' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Council Members to prepare financial statements for each financial year. Under company law, the Council Members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Council Members are required to:

20 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

The Council Members are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Council Members at the time when this Council Members' Report is approved has confirmed that:

so far as that Council is aware, there is no relevant audit information of which the charity's auditor is unaware,

Auditor

The auditor, Hillier Hopkins LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Emma-Louise Singh MCIOF (advDip) (Chair of Trustees)

Date: 17 September 2025

21 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Independent Auditor's Report to the Council of the Universities Federation for Animal Welfare

Opinion

We have audited the financial statements of The Universities Federation for Animal Welfare (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied 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 Accounting Practice).

In our opinion the financial statements:

have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Council members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Council members with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Council members are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

22 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Independent Auditor's Report to the Council of the Universities Federation for Animal Welfare (continued)

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of Council members

As explained more fully in the Council members' Responsibilities Statement, the Council members (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Council members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Council members are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Council members either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

23 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Independent Auditor's Report to the Council of the Universities Federation for Animal Welfare (continued)

the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

We also obtained an understanding of the legal and regulatory frameworks that the Charitable company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, Charities Act 2011and relevant tax legislation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the Charitable company's council members, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the Charitable company's council members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Hillier Hopkins LLP Chartered Accountants

Registered Auditor 249 Silbury Boulevard Milton Keynes MK9 1NA

Date: 17 September 2025

Hillier Hopkins LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

24 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Universities Federation for Animal Welfare (A Company Limited by Guarantee) Registered no: 00579991

Statement of Financial Activities (Incorporating Income and Expenditure Account) for the Year Ended 31 March 2025

Unrestricted
funds
2025
before net gains on
Note
£
Income from:
Donations and legacies
3
121,404
Charitable activities
4
83,482
Investments
5
159,857
Total income
364,743
Expenditure on:
Raising funds
6,7
89,813
Charitable activities
9
622,890
Total expenditure
712,703
Net expenditure/income
investments
(347,960)
Net gains on investments
211,895
Net movement in funds
(136,065)
Reconciliation of funds:
Total funds brought forward
7,697,394
Net movement in funds
(136,065)
Total funds carried forward
7,561,329		 Restricted
funds
2025
£
18,107
-
18,299
36,406
-
15,145
15,145
21,261
32,824
54,085
652,592
54,085
706,677		 Total
funds
2025
£
139,511
83,482
178,156
401,149
89,813
638,035
727,848
(326,699)
244,719
(81,980)
8,349,986
(81,980)
8,268,006		 Total
funds
2024
£
238,013
96,391
190,613
525,017
67,438
591,245
658,683
(133,666)
287,552
153,886
8,196,100
153,886
8,349,986

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 28 to 46 form part of these financial statements.

The net gains on investments figure of £244,719 (2024 - £287,552) above relates to an unrealised gain of £123,894 (2024 - £253,034) and a realised gain of £120,825 (2024 - £34,518).

25 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Universities Federation for Animal Welfare (A Company Limited by Guarantee) Registered no: 00579991

Balance Sheet as at 31 March 2025

Fixed assets
Tangible assets
Investments
Current assets
Debtors
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
Note
14
15
16
Total funds
year
17
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18		 99,190
390,944		 2025
£
379,275
7,457,055
7,836,330
8,268,006
431,676
8,268,006
8,268,006
706,677
7,561,329		 106,031
391,541
497,572
(145,775)		 2024
£
386,759
7,611,430
7,998,189
8,349,986
351,797
8,349,986
8,349,986
652,592
7,697,394
490,134
(58,458)

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

The Council members acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

26 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Universities Federation for Animal Welfare (A Company Limited by Guarantee) Registered no: 00579991

Balance Sheet (continued) as at 31 March 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Council members and signed on their behalf by:

............................................................ ............................................................ Emma-Louise Singh MCIOF (advDip) Corrie McCann BSc ACA

Chairman

Hon. Treasurer

Date: 17 September 2025

The notes on pages 28 to 46 form part of these financial statements.

27 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

1. General information

The Universities Federation for Animal Welfare (UFAW) is a charitable company incorporated and registered in England and Wales and limited by guarantee.

The registered address is The Old School, Brewhouse Hill, Wheathampstead, Hertfordshire, AL4 8AN.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Universities Federation for Animal Welfare meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial statement has been prepared on a going concern basis. In arriving at this conclusion, the have taken into account any material uncertainties that may affect the charity’s ability to continue as a going concern. The period covered by this assessment is at a minimum level 12 months from the date of the approval of the accounts.

2.3 Income

All income is recognised once the Charitable company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charitable company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charitable company, can be reliably measured.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charitable company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

28 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

2. Accounting policies (continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charitable company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.6 Gift Aid

In the case of a Gift Aid payment made within the Charitable company, income is accrued when the payment is payable to the Charitable company under a legal obligation. Measurement is at the fair value receivable, which will normally be the transaction value.

Where the right to receive Gift Aid has been established, the amount receivable is recognised as investment income in the Statement of Financial Activities.

2.7 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the Statement of Financial Activities.

2.8 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

29 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

2. Accounting policies (continued)

2.9 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised 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 at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

At each reporting date the Charitable company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 2.5%

Fixtures and fittings - 15.0%

Office equipment - 20.0%

Computer equipment - 20.0%

2.10 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.11 Stocks

Stocks of publications and other goods are written off at purchase because a high percentage is disposed of at no charge.

2.12 Debtors

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

2.13 Cash at bank and in hand

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

30 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2023

2. Accounting policies (continued)

2.14 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charitable company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.15 Financial instruments

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

2.16 Pensions

UFAW does not operate an occupational pension scheme. The Federation contributes 8% of pensionable salary to HMRC approved personal pension schemes. From April 2001 the Government introduced stakeholder pensions and after careful consideration UFAW designated the Friends Life Stakeholder Pension scheme for all future employees from that date. The Federation uses independent financial advisors to monitor the Stakeholder Pension provider and, on their recommendation, and, after consultation with staff, UFAW replaced Friends Life with Aegon from December 2012.

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Council in furtherance of the general objectives of the Charitable company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Council for particular purposes or specific future projects. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charitable company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

31 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

3. Income from donations and legacies

Unrestricted
funds
Donations
Subscriptions & Donations
Appeals
Subtotal Donations
Legacies
Donations
Subscriptions & Donations
Appeals
Subtotal Donations
Legacies
2025
£
20,861
965
21,826
99,578
121,404
Unrestricted
funds
2024
£
27,407
980
28,387
209,436
237,823		 Restricted
funds
2025
£
188
-
188
17,919
18,107
Restricted
funds
2024
£
190
-
190
-
190		 Total
funds
2025
£
21,049
965
22,014
117,497
139,511
Total
funds
2024
£
27,597
980
28,577
209,436
238,013

32 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

4. Income from charitable activities

Unrestricted
funds
2025
£
Publications
Royalties & Lecture Fees
Symposium/online conference
Interest & Recoveries
42,036
4,356
28,525
8,565
83,482
Unrestricted
funds
2024
£
Publications
Royalties & Lecture Fees
Symposium/online conference
Interest & Recoveries
53,673
24,839
11,410
6,469
96,391		 Total
funds
2025
£
42,036
4,356
28,525
8,565
83,482
Total
funds
2024
£
53,673
24,839
11,410
6,469
96,391

5. Investment income

Securities
Unrestricted
funds
2025
£
113,729
Interest Bearing Deposits
46,128
159,857		 Restricted
funds
2025
£
18,202
97
18,299		 Total
funds
2025
£
131,391
46,225
178,156

33 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

5. Investment income (continued)

Securities
Interest Bearing Deposits		 Unrestricted
funds
2024
£
106,776
65,562
172,338
Restricted
funds
2024
£
18,206
69
18,275		 Total
funds
2024
£
124,982
65,631
190,613
6. Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2025
£
Fundraising & Publicity Costs
Wages and salaries
National insurance
Pension costs
11,552
27,726
5,393
3,854
48,525
Fundraising & Publicity Costs
Wages and salaries
National Insurance
Pension costs
Unrestricted
funds
2024
£
5,857
18,295
1,987
1,455
27,594		 Total
funds
2025
£
11,552
27,726
5,393
3,854
48,525
Total
funds
2024
£
5,857
18,295
1,987
1,455
27,594

34 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

7. Investment management costs

Investment management fees
Investment management fees
Unrestricted
funds
2025
£
41,288
Unrestricted
funds
2024
£
39,844		 Total
funds
2025
£
41,288
Total
funds
2024
£
39,844

8. Analysis of grants

Grants to
Institutions
2025
£
University Links Support
4,364
Early Career Scientist of the Year
-
Research Awards
46,485
Animal Welfare Student Scholarships
6,100
56,949		 Grants to
Individuals
2025
£
-
1,000
14,815
15,250
31,065		 Total
funds
2025
£
4,364
1,000
61,300
21,350
88,014

35 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

8. Analysis of grants (continued)

Early Career Scientist of the Year
Research Awards
Animal Welfare Student Scholarships		 Grants to
Individuals
2024
£
1,000
35,148
28,017
64,165
Total
funds
2024
£
1,000
35,148
28,017
64,165

9. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2025
£
Scientific Staff Salaries
286,275
Publications
4,556
University Links Support
4,364
Symposium/online conference
32,544
Early Career Scientist of the Year
1,000
Research Awards
46,863
Animal Welfare Student Scholarships
21,350
Fees & expenses
9,219
E-commerce/Website
10,021
Office costs
206,698
622,890		 Restricted
funds
2025
£
-
-
-
-
-
14,437
-
708
-
-
15,145		 Total
2025
£
286,275
4,556
4,364
32,544
1,000
61,300
21,350
9,927
10,021
206,698
638,035

36 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

9. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Scientific Staff Salaries
Publications
Symposium/online conference
Early Career Scientist of the Year
Research Awards
Animal Welfare Student Scholarships
Fees & expenses
E-Commerce/Website
Office costs		 Unrestricted
funds
2024
£
268,137
6,275
2,799
1,000
21,129
28,017
11,749
19,955
218,105
577,166		 Restricted
funds
2024
£
-
-
-
-
14,019
-
60
-
-
14,079		 Total
2024
£
268,137
6,275
2,799
1,000
35,148
28,017
11,809
19,955
218,105
591,245

10. Analysis of expenditure by activities

Scientific Staff Salaries
Publications
University Links Support
Symposium/online conference
Early Career Scientist of the Year
Research Awards
Animal Welfare Student Scholarships
Fees & expenses
E-Commerce/Website
Office costs		 Activities
undertaken
directly
2025
£
286,275
4,556
-
32,544
-
-
-
9,219
10,021
-
342,615		 Grant
funding of
activities
2025
£
-
-
4,364
-
1,000
61,300
21,350
-
-
-
88,014		 Support
costs
2025
£
-
-
-
-
-
-
-
708
-
206,698
207,406		 Total
funds
2025
£
286,275
4,556
4,364
32,544
1,000
61,300
21,350
9,927
10,021
206,698
638,035

37 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

10. Analysis of expenditure by activities (continued)

Scientific Staff Salaries
Publications
Symposium/online conference
Early Career Scientist of the Year
Research Awards
Animal Welfare Student Scholarships
Fees & expenses
E-Commerce/Website
Office costs
Analysis of support costs
Administration Staff salaries
Depreciation
Audit Fee
Bad debts
Legal & Professional fees
Office costs		 Activities
undertaken
directly
2024
£
268,137
6,275
2,799
-
-
-
11,749
19,955
-
308,915		 Grant
funding of
activities
2024
£
-
-
-
1,000
35,148
28,017
-
-
-
64,165		 Support
costs
2024
£
-
-
-
-
-
-
60
-
218,105
218,165
Total
funds
2025
£
108,331
9,070
12,690
-
12,178
65,137
207,406		 Total
funds
2024
£
268,137
6,275
2,799
1,000
35,148
28,017
11,809
19,955
218,105
591,245
Total
funds
2024
£
103,212
9,133
11,700
3,364
26,282
64,474
218,165

38 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

11. Auditor's remuneration

Fees payable to the Charitable company's auditor for the audit of

2025 2024
£ £
11 700
12.
Staff costs
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
337,786
50,794
42,999
431,579
2024
£
311,682
44,863
36,541
393,086

The average number of persons employed by the Charitable company during the year was as follows:

Scientific and Educational
Management and Administration		 2025
No.
5
3
8		 2024
No.
5
3
8

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2025 2024
No. No.
In the band £60,001 - £70,000 2
-		 2
1
In
In		 the
the		 band
band		 £70,001
£80,001		 - £80,000
- £90,000		 1 -

Those employees noted above have an element of their salaries recharged to The Humane Slaughter Association (HSA), which is a connected charity, see note 24 for further details.

The key management personnel of the charity comprise of the Chief Executive and Scientific Director and Charity Secretary. The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £261,674 (2024 - £248,281) of which £170,088 (2024 - £161,383) relates to UFAW, with the other element being recharged to HSA.

39 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

13. UFAW Council members remuneration and expenses

During the year, no Council members received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, travel expenses totalling £ 865 were reimbursed or paid directly to 6 Council members (2024 - £937 to 4 Council members) .

14. Tangible fixed assets

Cost or valuation
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Freehold
land and
property
£
413,333
-
413,333
32,146
6,888
39,034
374,299
381,187		 Fixtures
and
fittings
£
14,981
-
14,981
14,924
57
14,981
-
57		 Office
equipment
£
1,302
742		 Computer
equipment
£
8,552
844
9,396
3,624
1,808
5,432		 Computer
equipment
£
8,552
844
9,396
3,624
1,808
5,432		 Total
£
438,168
1,586
2,044 9,396 439,754
715
317		 3,624
1,808		 51,409
9,070
1,032 5,432 60,479
1,012 3,964 379,275
587 4,928 386,759

The most recent valuation of UFAW’s share of The Old School, Wheathampstead of £413,333 was carried out by Jean Howe BSc FRICS Dip.Arb. of Kirby & Diamond, Chartered Surveyors, at open market value with vacant possession at 14.08.2019. (Previous valuation was carried out on 05.12.12 at a market value of £400,000).

The Charitable company has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the carrying values would have been as follows:

Freehold property 2025
£
254,742		 2024
£
254,742

40 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

15. Fixed asset investments

Cost or valuation
At 1 April 2024
Additions
Disposals
Revaluations
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
16.
Debtors
Due within one year
Trade debtors
Amounts owed by participating interests
Other debtors
Prepayments and accrued income
Tax recoverable		 2025
£
4,020
18,827
3,230
71,492
1,621		 Listed
investments
£
7,611,430
1,258,647
(1,620,717)
207,695
7,457,055
7,457,055
7,611,430


2024
£
15,827
17,136
48
70,868
2,152
106,031		 Listed
investments
£
7,611,430
1,258,647
(1,620,717)
207,695
7,457,055
7,457,055
7,611,430


2024
£
15,827
17,136
48
70,868
2,152
106,031
99,190 106,031

41 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

17. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Grants accrued - individual
Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods		 2025
£
11,404
295
149
38,410
8,200		 2024
£
3,499
-
98,549
40,689
3,038
58,458
2025
£
-
5,442
-		 145,775
2024
£
3,830
-
(3,830)
5,442 -

The deferred income relates to conference income received in advance.

42 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

18. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds
Restricted funds
Leigh Brown
Lorna Gascoigne
Tomlin Taylor
Pennie Betts
UFAW/SAWI Fund
Total of funds		 Balance at 1
April 2024
£
7,697,394
19,529
176,171
43,839
240,621
172,432
652,592
8,349,986		 Income
£
Expenditure
£
364,743
(712,703)
725
(725)
2,670
(2,670)
1,670
(1,670)
9,371
(9,371)
21,970
(709)
36,406
(15,145)
401,149
(727,848)		 Gains/
(Losses)
£
211,895
1,686
7,769
4,256
22,671
(3,558)
32,824
244,719		 Balance at
31 March
2025
£
7,561,329
21,215
183,940
48,095
263,292
190,135
706,677
8,268,006

All restricted funds have arisen from grants, donations or legacies being received for specific purposes. Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restrictions imposed:

Leigh Brown - Biological research without experiments on living animals

Lorna Gascoigne - Encouragement of humane behaviour towards animals overseas

Tomlin Taylor - Provision of animal welfare grants to individuals and societies

Pennie Betts - Prevention, elimination, relief and cure of pain and fear in animals UFAW/SAWI Fund - The promotion of animal welfare in Israel

43 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

18. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Restricted funds
Leigh Brown
Lorna Gascoigne
Tomlin Taylor
Pennie Betts
UFAW/SAWI Fund
Total of funds		 Balance at
1 April 2023
£
7,565,957
8,196,100
18,971
169,871
43,217
235,709
162,375
630,143		 Income
£
506,552
525,017
1,200
2,223
1,671
8,927
4,444
18,465		 Expenditure
£
(644,604)
(658,683)
(1,199)
(2,222)
(1,672)
(8,926)
(60)
(14,079)		 Gains/
(Losses)
£
269,489
287,552
557
6,299
623
4,911
5,673
18,063		 Balance at
31 March
2024
£
7,697,394
19,529
176,171
43,839
240,621
172,432
652,592
8,349,986

19.

General funds
Restricted funds		 652,592
8,349,986
Balance at
1 April
2024
£
7,697,394		 36,406
401,149
Income
£
364,743		 (15,145)
(727,848)
Expenditure
£
(712,703)		 32,824
244,719
Gains/
(Losses)
£
211,895		 706,677
Balance at
31 March
2025
£
7,561,329
8,268,006

44 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

19. Summary of funds (continued)

Summary of funds - prior year

General funds
Restricted funds		 Balance at
1January
2023
£
7,565,957
630,143
8,196,100		 Income
£
506,552
18,465
525,017		 Expenditure
£
(644,604)
(14,079)
(658,683)		 Gains/
(Losses)
£
269,489
18,063
287,552		 Balance at
31 March
2024
£
7,697,394
652,592
8,349,986

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total
Analysis of net assets between funds - prior year
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
379,275
6,750,378
490,134
(58,458)		 Unrestricted
funds
2025
£
379,275
6,750,378
490,134
(58,458)		 Restricted
funds
2025
£
-
706,677
-
-
706,677
Restricted
funds
2024
£
-
652,592
-
-
652,592		 Total
funds
2025
£
379,275
7,457,055
490,134
(58,458)
7,561,329
Unrestricted
funds
2024
£
386,759
6,958,838
497,572
(145,775)
7,697,394		 8,268,006
Total
funds
2024
£
386,759
7,611,430
497,572
(145,775)
8,349,986

45 Science in the Service of Animal Welfare

Docusign Envelope ID: 9C6EE2CA-8EE9-4E78-A937-FF2C5473A2F4

Notes to the Financial Statements For the Year Ended 31 March 2025

21. Pension commitments

UFAW does not operate an occupational pension scheme. The Federation contributes 8% of pensionable salary to HMRC approved personal pension schemes. From April 2001 the Government introduced stakeholder pensions and after careful consideration UFAW designated the Friends Life Stakeholder Pension scheme for all future employees from that date. The Federation uses independent financial advisors to monitor the Stakeholder Pension provider and, on their recommendation, and, after consultation with staff, UFAW replaced Friends Life with Aegon from December 2012.

The pension cost charge represents contributions payable by the group to the fund and amounted to £42,999 (2024 - £36,541) and £149 (2024 - £149) were payable to the scheme at the balance sheet date and are included in creditors.

22. Operating lease commitments

At 31 March 2025 the Charitable company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2025
£
1,972
4,930
6,902		 2024
£
1,972
6,901
8,873

23. Members' liability

The directors/trustees of the charitable company are the council members. Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

24. Related party transactions

The Humane Slaughter Association (HSA) is a connected charity to UFAW by nature of common Trustees. The charities share certain staff, premises and administrative facilities. During the year costs of £216,225 (2024 - £185,814) were charged to Humane Slaughter Association. A sum of £18,827 (2024 - £17,136) was owed by HSA at the balance sheet date and are included in debtors.

During the year, the charity engaged in training services with Nova Fundraising & Associates Ltd, a company which has a common director, to provide fundraising training. The total cost of these services totalled £450 (2024 - £Nil) and £158 (2024 - £nil) was recharged to HSA in the year.

During the year, donations totalling £40 (2024 - £Nil) were made to the charity by two trustees. These donations were made on an unrestricted basis, with no conditions attached, and no benefit was received by the trustees in return.

46 Science in the Service of Animal Welfare