**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:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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