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2022-12-31-accounts

Charity registration number 244534

Company registration number 00855624 (England and Wales)

JAPAN ANIMAL WELFARE SOCIETY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

JAPAN ANIMAL WELFARE SOCIETY LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr A. Crittenden (Chairman)
Mrs A. Hopkins
Ms N. Stewart
Mrs E. Yokoyama
Mr K Degenhard
Mr R Allen (Hon. Treasurer)
Ms H Kedie
Secretary Mr A. Crittenden
Charity number 244534
Company number 00855624
Registered office Lyell House
51 Greencoat Place
London
SW1P 1DS
Independent examiner Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT

JAPAN ANIMAL WELFARE SOCIETY LIMITED

CONTENTS

Page
Trustees report 1 - 2
Independent examiner's report 3
Statement of financial activities 4 - 5
Balance sheet 6
Notes to the financial statements 7 - 18

JAPAN ANIMAL WELFARE SOCIETY LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees present their annual report and financial statements for the year ended 31 December 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)".

Objectives and activities

The principal objective of the Society is the prevention and relief of cruelty and suffering amongst animals, especially in Japan. Grants have been made to organisations in Japan and the United Kingdom to help them provide for the principal objective.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Details of the activities of the charity may be found in the published Annual Report and Accounts for 2022.

Financial review

The overall deficit for the year was £420,463 (2021 surplus of £113,554) as set out in the Statement of Financial Activities on page 4 of the accounts.

Reserves policy

It is the policy of the charity to maintain a level of unrestricted funds, which are free reserves of the charity, at a level sufficient to fund the charity in the event of a sharp fall in incoming resources. The trustees believe this should be between six months to a year.

Public benefit

The charity's council members have referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, they have considered how planned activities will contribute to the aims and objectives they have set.

Investment policy and objectives

The council have considered the most appropriate policy for investing funds and have found that a specialist charity investment management company meet their requirements in providing a stable return for the charitable company.

Future Plans

Over the year ahead the Trustees will be reviewing the legal status and set up of the charity to ensure it is fully up to date and equipped to take the charity into it’s next phase of development.

Structure, governance and management

The Society is a registered charity and a company limited by guarantee. It is controlled by its governing document, which is its Memorandum and Articles of Association.

Charity constitution

None of the Members of Council has any beneficial interests in the company. All of the Members of Council are members of the company and guarantee to contribute £1 in the event of a winding up.

page 1

JAPAN ANIMAL WELFARE SOCIETY LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF JAPAN ANIMAL WELFARE SOCIETY LIMITED

I report to the trustees on my examination of the financial statements of Japan Animal Welfare Society Limited (the charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

Darren Harding ACA FCCA DChA Richard Place Dobson Services Limited 1-7 Station Road Crawley West Sussex RH10 1HT

Dated: 19 June 2023

page 3

JAPAN ANIMAL WELFARE SOCIETY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Current financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2022
2022
2022
Notes
£
£
£
Income from:
Donations and legacies
3
57,746
-
-
Investments
4
75,347
-
26
Total income
133,093
-
26
Expenditure on:
Raising funds
5
1,127
-
-
Charitable activities
Grants payable
6
186,000
-
10,800
Animal welfare support
6
58,241
2,316
9
Total charitable expenditure
244,241
2,316
10,809
Total expenditure
245,368
2,316
10,809
Net gains/(losses) on investments
12
-
(295,089)
-
Net (outgoing)/incoming resources before
transfers
(112,275)
(297,405)
(10,783)
Gross transfers between funds
97,785
(97,785)
-
Net movement in funds
(14,490)
(395,190)
(10,783)
Fund balances at 1 January 2022
102,199
2,701,902
18,409
Fund balances at 31 December 2022
87,709
2,306,712
7,626		 Total
2022
£
57,746
75,373
133,119
1,127
196,800
60,566
257,366
258,493
(295,089)
(420,463)
-
(420,463)
2,822,510
2,402,047		 Total
2021
£
41,006
73,862
114,868
1,127
245,300
73,150
318,450
319,577
318,263
113,554
-
113,554
2,708,956
2,822,510

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

page 4

JAPAN ANIMAL WELFARE SOCIETY LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

Prior financial year
Unrestricted
Unrestricted
Restricted
funds
funds
funds
general
designated
2021
2021
2021
Notes
£
£
£
Income from:
Donations and legacies
3
41,006
-
-
Investments
4
73,860
-
2
Total income
114,866
-
2
Expenditure on:
Raising funds
5
1,127
-
-
Charitable activities
Grants payable
6
234,500
-
10,800
Animal welfare support
6
71,073
2,068
9
Total charitable expenditure
305,573
2,068
10,809
Total expenditure
306,700
2,068
10,809
Net gains/(losses) on investments
12
-
318,263
-
Net (outgoing)/incoming resources before transfers
(191,834)
316,195
(10,807)
Gross transfers between funds
81,159
(81,159)
-
Net movement in funds
(110,675)
235,036
(10,807)
Fund balances at 1 January 2021
212,874
2,466,866
29,216
Fund balances at 31 December 2021
102,199
2,701,902
18,409		 Total
2021
£
41,006
73,862
114,868
1,127
245,300
73,150
318,450
319,577
318,263
113,554
-
113,554
2,708,956
2,822,510

page 5

2022 2021
Notes I f f f
Fixedassets
Tangibleassets 13 139,072 139.705
Investments 14 2,165,121 2,560,210
2,304,r93 2,699.9r5
Currcntasscts
Debtors l6 8.188 1,648
Cash atbankandinhand 105,923 134,467
114,111 136,115
Creditors:amountsfallingduewithinone
year t7 (r6.25'7) (13,s20)
Net currentassets 97,u54 122.595
Totalassets lesscurrent liabilities 2.402,047 2,822.510
Income funds
Restricted funds 18 7,626 18,409
Unrestricted lirnds
Designatcd funds 19 2,306,712 2,701,902
Ccncralunrcstrictcd lunds 87,709 102,199
2.394,421 2,804.I0l
2,402,04'7 2,822,510
:

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

Japan Animal Welfare Society Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Lyell House, 51 Greencoat Place, London, SW1P 1DS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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 charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

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

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below.

1.2 Going concern

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

1.3 Charitable funds

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds represent the funds of the charity represented by investments and property, which are required to help run and support the future of the charity.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

1.4 Income

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

Voluntary income is received by way of subscriptions, donations and legacies and is included in full in the Statement of Financial Activities when receivable. Legacies are recognised when the charity becomes unconditionally entitled to them.

The value of services provided by volunteers has not been included in these accounts.

Investment income is included when received.

page 7

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.5 Expenditure

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

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

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

Charitable expenditure comprises those costs incurred by the charity in the delivery of it's activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grants payable are payments to third parties in furtherance of the charitable activities, these payments are proposed and reviewed in the trustees meetings and are only paid on agreement of the trustees. The grants are accounted for when the payment has been made to the recipient which is usually within a timely manner of the meeting date.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the trusts artistic programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 8.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent examination fees and costs linked to the strategic management of the charity.

Staff costs include those who are employed by the Charitable Company or self contract freelance workers (split in the wages note). The costs are recognised in the time that they have worked for the organisation.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Freehold property Straight line over 50 years Fixtures, fittings & equipment 20% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

No depreciation is provided in respect of freehold land and buildings as the cost is less than the estimated residual value and any depreciation charge would be immaterial.

All assets costing more than £500 are capitalised.

page 8

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.7 Fixed asset investments

Investments are included at market value at the year end. Gains and losses on disposal and revaluations of investments are charged or credited to the SOFA.

1.8 Cash and cash equivalents

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

1.9 Financial instruments

The charitable company only has financial assets and 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.

1.10 Taxation

The charity is exempt from corporation tax on its charitable activities.

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.11 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period.

1.12 Debtors

Other debtors are recognised at the settlement amount due.

1.13 Creditors

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

2 Critical accounting estimates and judgements

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

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

Critical judgements

Depreciation of Land and Buildings

Freehold land and buildings have been included in the accounts at historic cost. No depreciation is charged on the building on the basis that the estimated residual value is in excess of the cost included in the accounts and depreciation would be immaterial.

page 9

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Donations and gifts 3,441 10,680
Legacies receivable 54,305 30,326
57,746 41,006

4 Investments

Unrestricted
Restricted
funds
funds
general
2022
2022
£
£
Investment income
75,221
-
Interest receivable
126
26
75,347
26		 Total
Unrestricted
Restricted
funds
funds
general
2022
2021
2021
£
£
£
75,221
73,840
-
152
20
2
75,373
73,860
2		 Total
2021
£
73,840
22
73,862

5 Raising funds

Unrestricted Unrestricted
funds funds
general general
2022 2021
£ £
Fundraising and publicity costs
Advertising 1,127 1,127
1,127 1,127

page 10

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

6 Charitable activities

Grant funding of activities
(see note 7)
Share of support costs (see
note 8)
Share of governance costs (see
note 8)
Analysis by fund
Unrestricted funds - general
Unrestricted funds -
designated
Restricted funds		 Grants
payable
2022
£
196,800
-
-
196,800
186,000
-
10,800
196,800		 Animal
welfare
support
2022
£
-
55,318
5,248
60,566
58,241
2,316
9
60,566		 Total
2022
£
196,800
55,318
5,248
257,366
244,241
2,316
10,809
257,366		 Grants
payable
2021
£
245,300
-
-
245,300
234,500
-
10,800
245,300		 Animal
welfare
support
2021
£
-
68,095
5,055
73,150
71,073
2,068
9
73,150		 Total
2021
£
245,300
68,095
5,055
318,450
305,573
2,068
10,809
318,450

7 Grants payable

Grants to institutions:
JAWS Tokyo
JAWS Tokyo Projects
JAWS Tokyo Branches
Animal Refugee Kansai (ARK)
Julia Ward Bequest
E.I.A
HEART Tokushima
Humane Society of Grand Bahama
Japan Coalition Animal Welfare
Wild Welfare
Four Paws UK		 Grants
payable
2022
£
156,000
3,000
-
-
10,800
-
-
-
-
17,000
10,000
196,800		 Grants
payable
2021
£
156,000
-
20,000
20,000
10,800
10,000
6,000
10,000
2,500
10,000
-
245,300

page 11

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

8 Support costs

Support costs
Governance
costs
£
£
Depreciation
2,628
-
Salary Costs
32,771
-
Pension Costs
606
-
Equipment Rental
1,866
-
Rates
3,007
-
Insurance
1,846
-
Utilities
2,665
-
Repairs and maintenance
7,495
-
Printing, Postage &
Stationery
534
-
Sundries
1,538
-
Travel
362
-
Audit Fees
-
3,480
Legal & advisory fees
-
1,140
Bank charges
-
628
55,318
5,248
Analysed between
Charitable activities
55,318
5,248		 2022 Support costs
Governance
costs
£
£
£
2,628
2,457
-
32,771
41,988
-
606
580
-
1,866
1,842
-
3,007
2,253
-
1,846
1,783
-
2,665
2,963
-
7,495
10,214
-
534
2,394
-
1,538
1,433
-
362
188
-
3,480
-
3,300
1,140
-
1,092
628
-
663
60,566
68,095
5,055
60,566
68,095
5,055		 2021
£
2,457
41,988
580
1,842
2,253
1,783
2,963
10,214
2,394
1,433
188
3,300
1,092
663
73,150
73,150

Governance costs includes payments to the independent examiner of £3,480 (2021 - £3,300) for independent examination fees.

9 Net movement in funds
Net movement in funds 2022 2021
£ £
Net movement in funds is stated after charging/(crediting)
Independent examination fees 3,480 3,300
Depreciation of owned tangible fixed assets 2,628 2,457
Other operating leases 1,866 1,842

10 Trustees

Council members were re-imbursed travel costs and sundry costs and expenses in an amount of £434 (2021 - £1,140) during the year.

page 12

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

11 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
Office Staff 2 2
Employment costs 2022 2021
£ £
Wages and salaries 15,395 24,917
Freelance costs 17,377 17,071
Other pension costs 606 580
33,378 42,568

The trustees do not consider there to be any key members of management. The charity is managed and run by the trustee board.

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

12 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
designated designated
2022 2021
£ £
Revaluation of investments (295,089) 318,263

page 13

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

13
Tangible fixed assets
Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation and impairment
At 1 January 2022
Depreciation charged in the year
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021		 Freehold
property
Fixtures, fittings
& equipment
£
£
136,629
18,745
-
1,995
136,629
20,740
-
15,669
-
2,628
-
18,297
136,629
2,443
136,629
3,076		 Total
£
155,374
1,995
157,369
15,669
2,628
18,297
139,072
139,705

No depreciation is provided on freehold property as the market value is substantially in excess of the book value and any depreciation charge would not be material.

page 14

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

14 Fixed asset investments

Cost or valuation
At 1 January 2022
Valuation changes
Disposals
At 31 December 2022
Carrying amount
At 31 December 2022
At 31 December 2021
Investments at fair value comprise:
COIF Investment Fund Units
COIF Property Fund Units
Fixed asset investments revalued
The historical cost of the investments are £1,469,269 (2021: £1,514,600)
15
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Listed
investments
£
2,560,210
(295,089)
(100,000)
2,165,121
2,165,121
2,560,210
2022
2021
£
£
1,767,234
2,108,544
397,887
451,666
2,165,121
2,560,210
2022
2021
£
£
2,165,121
2,560,210
2022
2021
£
£
7,908
-
280
1,500
-
148
8,188
1,648

page 15

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2022 2021
£ £
Other creditors 16,257 13,520

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2021 resources expended 1 January 2022 resources expended 31 December
2022
£ £ £ £ £ £ £
Julia Ward
Bequest fund 29,216 2 (10,809) 18,409 26 (10,809) 7,626

The Julia Ward Bequest fund represents the funds and investments specifically held for the purpose of the bequest.

page 16

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

19 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Balance at
1 January 2022
£
Property fund
139,112
Investment fund
2,562,790
2,701,902
Balance at
1 January 2021
£
Property fund
141,180
Investment fund
2,325,686
2,466,866		 Incoming
resources
£
-
-
-
Incoming
resources
£
-
-
-		 Movement in funds
Resources
expended
Transfers
Investments
gains/losses
Balance at
31 December
2022
£
£
£
£
(2,316)
1,995
-
138,791
-
(99,780)
(295,089)
2,167,921
(2,316)
(97,785)
(295,089)
2,306,712
Resources
expended
Transfers
Investments
gains/losses
Balance at
31 December
2021
£
£
£
£
(2,068)
-
-
139,112
-
(81,159)
318,263
2,562,790
(2,068)
(81,159)
318,263
2,701,902		 Movement in funds
Resources
expended
Transfers
Investments
gains/losses
Balance at
31 December
2022
£
£
£
£
(2,316)
1,995
-
138,791
-
(99,780)
(295,089)
2,167,921
(2,316)
(97,785)
(295,089)
2,306,712
Resources
expended
Transfers
Investments
gains/losses
Balance at
31 December
2021
£
£
£
£
(2,068)
-
-
139,112
-
(81,159)
318,263
2,562,790
(2,068)
(81,159)
318,263
2,701,902
2,701,902

Property fund represents the funds necessarily set aside for the charity's occupation of land and buildings.

Investments fund represents unrestricted funds set aside for the charity's investment portfolio, which it uses to generate an income to support the charitable objectives.

page 17

JAPAN ANIMAL WELFARE SOCIETY LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

20 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
Restricted
funds
2022
2022
2022
£
£
£
Fund balances at 31 December 2022 are represented
by:
Tangible assets
281
138,791
-
Investments
-
2,165,121
-
Current assets/(liabilities)
87,428
2,800
7,626
87,709
2,306,712
7,626
Unrestricted
funds
Designated
funds
Restricted
funds
2021
2021
2021
£
£
£
Fund balances at 31 December 2021 are represented
by:
Tangible assets
594
139,111
-
Investments
-
2,560,210
-
Current assets/(liabilities)
101,605
2,581
18,409
102,199
2,701,902
18,409		 Total
2022
£
139,072
2,165,121
97,854
2,402,047
Total
2021
£
139,705
2,560,210
122,595
2,822,510

21 Related party transactions

The wife of Mr R Allen, who is the treasurer of the charity, was the company secretary of Wild Welfare for part of the year and is now doing freelance consultancy work for them. The Japan Animal Welfare Society gave grants of £17,000 (2021: £10,000) to Wild Welfare in the year.

The partner of Mr A Crittenden's son provided website services to the charity for £688 (2021: £1,605) in the year.

Helen Kedie is both a trustee and the editor of the Japan Animal Welfare Society Limited's magazine. In the financial year, Helen received £nil (2021: £910) for her editorial services.

page 18