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Charity registration number: NIC104594
Company registration number: Nl 48385
The Friends of Assisi Animal Sanctuary
Annual Report and Financial Statements
Year Ended 31 December 2024

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The Friends of Assisi Animal Sanctuary
Contents
Page
Charity Reference and Administrative Details
Trustees, Annual Report
Independent Auditor's Report
Statement of Financial Activities (including Income and Expendrture Accounts)
Balance Sheet
Statement of Cash Flows
Notes to the Financial Statements
16
17
18
19-30

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The Friends of Assisi Animal Sanctuary
Annual Report and Financial Statements
Year Ended 31 December 2024
Charity registration number
NIC104594
Company registration number
N148385
Trustees
Tony Mccrory
Joan Cochrane
Rosemary Glendinning (resigned 12106125)
Kirsty Hosford (appointed 25107124)
David QLSigg {appointed 131111241
Samantha Gillespie (appointed 18106125)
Lauren Kendall (appointed 301051251
Kieran Mccullagh (resigned 13103124)
Theresa Barrett (resigned 19102125)
Andrew Wilson (appointed 16101124 & resigned 05107124)
Acting Chairperson
Tony Mccrory
Registered office
1 Old Bangor Road
Conlig
Newiownards
BT23 7PU
Audltors
KPS Chartered Accountants
Chartered Tax Advisers
Registered Auditors
35 Irish Street
Co Down
Downpalrick
BT30 68W
Solicitor
Edwards & Co
28 Hill Street
Belfast
BT12LA
Bankers
Ulster Bank Ltd
9-11 Church Road
Holywood
BT18 9PU
Investment managers
Investec Wealth & Investment Ltd
5 Floor Cenlrepoint
58-60 Bedford Street
Belfast
BT2 7DR

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The Frlends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
The Trustees of The Friends of Assisi Animal Sanrtuary present their annual report and the audited finanGial
slatemenls for the period 1 January 2024 to 31 December 2024.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP). 'Accounling and
Reporting by Charilies. IFRS102), in preparing their annual report and financial statements.
STRUCTURE AND GOVERNANCE
The Friends ofAssisi is a charity registered with the Charity Commission for Northem Ireland and is also
registered as a company limited by guarantee.
The Charity is govemed by a Board ofTrustees whose members act in a voluntary capacity. New appointees are
inducted in the aims and objectives via the strategic plan and are provided with copies of the goveming
documents of the charity. Training is available via NICVA.
The powers of the Tnjstees are set out in the Articles of Assocaation. In relation to financial management. they
have the power to:
accept gifts and to raisè fijnds.
enter into contracts to provide services:
buy, or take on lease or in exchange. hire or otherwise acquire any property and to maintain and equip it
for use-
sell, lease, or otherwise dispose of all or any part of the property belonging to the Charity-
borrow money and to charge the whole or any part of the property belonging to the Charity as security for
a grant to discharge of an obligation..
establish or support any charitable trusts, associations or instilutions formed for any of the charitable
purposes included in the Charitls objects-
acquire, merge with, enter into any partnership, or joint venture arfangement with any other charity,.
draw, make, accept, endorse. discount. execute and issue promissory notes. bills, cheques, and other
instruments, and to operate bank accounts-
set aside income as a resefve against future expenditure;
deposit or invest funds and to employ professional fund managers on such terms as the Trustee5 may
from time to time decide.
invest the monies of the Charity not immediately required for ils Objects in or upon such investments,
securities or property as May be thought frt, subject nevertheless to such conditions and such consents as
rnay for the time being be required by law and in the same manner and subject to the same Conditsons as
the Trustees of a trust pemitted to do by the Trustees Act (Nl) 2001.

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The Friends of Assisl Animal Sanctuary
Independent Auditorfs Report
Year Ended 31 December 2024
TRUSTEES OF THE CHARITY
The Directors of the charilable company are the Tmstees for the purpose of Charity Law. The Trustees who
served during this reporting period are as follows=
Rosemary Glendinning
Tony Mccrory
Joan Cochrane
Theresa Barrett (resigned 19102125}
Andrew Wilson (appointed 16101124 & resigned 05107124)
eran Mccullagh (resigned 131031241
Qrsty Hosford (appointed 25107124)
David Quigg (appoinled 13111124)
Recruitment of new trustees is ongoing, and the board of trustees will consider the skills mix and diversity of the
current board when recnjiting.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees (who are the Director5 of the Company for the purposes of Company Law) are required to prepare
the Trustees, Annual Report and Financial Statements for each financial period in accordance with applicable law
and the United Kingdom Accounting Standards (United Kingdom Accounting Generally Accepled Accounting
Practice).
Company Law requires the Trustees to prepare financial stalements for each accounting period which give a true
and fair view of the affairs of the company and of the incoming ie50urces and application of re50uFces including
income and expenditure of the company for that period.
In preparing these finanrial statements. the Trustees are required to= _
seled suitable accounting policies and then apply them consistenly;
observe the methods and principles in the Charities SORP(FRS102)',
make judgements and estimates that are reasonable and prudenl:
state whether applicable UK accounting standards have been followed, subject lo any material departures
disdosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proper accounting records which disdose wilh reasonable accuraw at
any time the financial position of the company and to enable them to ensure that Ihe financial 51alements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets ofthe Gompany and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
VISION
The vision of the Charity is a future where Assisi is Northern Ireland's leading animal welfare charity and brings
about a day where every companion animal has a happy home for life.

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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
AIMS
The Charity's aims. as set out in tls Artide5 of Association, are specifically reslricted to animal welfare and the
advancement of education in matters pertaining to animal welfare, care and treatment for the benefit of the public
in Northern Ireland and its environs of the Republic of Ireland by associating with the statulory aLrthorities,
voluntary organisations and inhabitants in a common effort to..
relieve the suffering, dislress, and maltreatment of slray, neglecled, unwanted or vulnerable companion
animals that need care and protection by the provision of a rescue and rehoming service and a sanctuary
lor the care, proteclion. treatment, security and temporary or permanent accommodation for such
animals;
fostei and encourage the fomiation of humane attitudes among people towards companion animals,
especially those that are sick or stray or in need of assistance, and to this end provide practical
assistsnce to such animals-
educate the public in matters pertaining to animal welfare and the care and treatment of companion
animals.
MISSION
The Charity's mission is-
to keep as many animals in their homes as possible by providing support and advice to owners;
to rescue and rehome needy animals by providing modem facilities with well trained stsff and volunteers-,
to provide animal welfare educalion and leadership to all touch points within Northern Ireland.
VALUES
The Charity has a Set of four values underpinning its appr¢)ach.
Caring and Compassionate
We will a￿ayS do the best we can for every animal within our sphere of influence.
Dedioated and Committed
We will strive to embrace change and look for new initiatives to deliver better animal welfare.
Professional
We will train our people and treat everyone with respect.
EthiGal
We will always strive for improvement through our policy making via research, honesty and maintenance
of the law in all we do.
RISK MANAGEMENT
Trustees have a duty to identify and manage the key risks that affect the Charty's ability to continue lo funGtion.
The Charity Commission defines risk as "that which, if it occurs, would have a severe impact on the operational
performance. objectives, or reputation and which has a high chance of occurring..
The Trustees undertook an assessment of the Charity's business risks and divided these into four categories viz
reputational, financial, Gompliance and operational. A risk lable was produced which quantified risk in terms of
impact, multiplied by risk of occuNence and giving a risk assessment score which is categorised as either high,

E-sign ID.. faa9CIJ59-ff314f7a-a11b-4c843a881410
The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
medium, or low. The risk table is reviewed annually. Trustees were required on joining to make a declaration that
they have no personal or professional loyalties that would prevent or could be perceived as preventing them from
making decisions only in the besl inlerests of the Charity.
PUBLIC BENEFIT STATEMENT
The Chariiy has carefully considered the Charity Commission for Northem Ireland's Guidance on Public Benefit to
ensure that the aclivitses it undertook during the year have helped to achieve the Chanty's objectives as well as
providing public benefit. The public benefit requirement as defined in the Charities Act (Northern Ireland) 2008 (as
amended) stales that to be a charity in Northem Ireland an organisation:
must have purposes which fall under one of 12 descriptions of purposes listed in the Charities Acl and
the purposes must be for the public benefit.
Assisi's charitsble purpose falls under the 'advancement of anifflal welfare,.
These benefits are the promotion of the capacity of people for compassion by caring for injured or abandoned
animals. This is achieved through the reduction of the number of dogs unnecessarily destroyed in our local council
pounds, the provision of pel food to food banks and other charities that deal wtth those who are temporarily
homeless or who are experiencing some financial hardship. relieving stress on people who may be struggling to
feed and care for their pets. This is also achieved through the rescue and rehoming of stray or unwanted
ompanion animals and educating the public in relation to animal welfare and the care of companion animals.
Our purpose does not give rise to any harm.
The benefi¢iaries of these purposes are Ihe publi¢ throughout Northem Ireland.
PLANS AND PRIORITIES
The Charity ha5 a Strategic Plan for the period 2019-2024. It sets out the plans and priorities under six headings..
Finance
Animal weSfare
Education
Communication
CoMMer￿al
People
The Strategic Plan was prepared pre the Covid pandemic and has had. of necessity, to be scaled back. The
annual Business Plan was also subject to frequent amendment during the year. The Trustees are currently
formulating a Slrategic Plan for the next 3.5 years 2025 to 2028.
PERFORMANCE AGAINST OBJECTIVES
FINANCE
We were selected as Community Partner w51h Pets at Home Bangor, received grants from The Jean Sainsbury
Animal Welfare Trust. The Woodland Trust, PBNI (Probation Board for Northem Ireland), Walker Grant and Ards
and North Down Borough Counul.
Several external events took place during the year induding a wine tasting evening at the Stables, Groomsport
with all proceeds going to Assisi. We also held our usual annual fundraising evenls such as Ihe Poker Run.
Summer Fair, Doggy Reunion Day, Winter Market and our 3 Santa Paws events. Street collections were carried
out throughout the year.

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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
ANIMAL WELFARE
Altemative locations for a new sanctuary were evaluated and ultimately the decision was made that the current
site would provide the best way forward and planning options are being progressed. The trustees are open to
future land or propety acquisitions.
During 2024 the Assisi Outreach Programme continued to help hundreds of household5 throughout Northern
Ireland to keep their companion animal within Ihe family unit without them being an additional drain on very limited
resources. Assisi Outreach was able lo achieve its aims by working with other organisalions such as local St
Vincent De Paul. Community Advice etc, who contact Assisi Outreach with a referral for their clients who have a
companion animal in need offood and other items.
Assisi Outreach also provided pet food to various food banks acros5 the province. in Ards. Belfast, Newry and
Portadown and to Team Haven, la charity Ihat promdes meals to the homeless 6 nights a week), for those who
are homeless and have a companion dog.
We continued to work with individuals who TNR, or those who run small rescues, providing caUdoglkitten/puppyl
food for Gerrnan Shepherds, Greyhounds, Huskies etc. Individuals who foster kiltens that are just hours or a few
days old, received baby milk, fflousse. and kntten pouches during kitten season throughout 2024. We also supplied
rabbit and guinea pig food lo individuals and rescues.
Assisi Outreach continues to reach out into the local community, supplying thousands of meals and providing
support for companion animals outside ofAssisi's gales.
There was a high demand for intake of animals during 2024, but current facilities limit the number of animals we
can accommodate. Rehoming figures have increased overall on previous years.
Rehoming
Cats
2020
2021
2022
2023
2024
121
87
114
192
210
Dogs
Rabbits
157
104
88
106
129
30
29
28
46
36
Small Animals
105
68
102
105
Totals
392
325
298
446
480
Some stories of note from 2024
Leo, a 9-year-old blind Labrador retTiever, came to Assisi as a last resort be¢ause he was at risk of being
put to sleep due to his previous ownerfs circumstances. His friendly and loving nature quickly won over
everyone at Assisi. and we were determined lo find him a second chance, although his blindness made it
more dtfficult to find the right home. Eventually the perfect person came along. Initially they were
inleresled in anolher dog, but Leo stole their heart. We've since received numerous updates confirming
that Leo is living his best life with his lovely new family.
Brian - On 11#) April 2024 we were contacted about a stray chihuahua spotted at a building site in North
Belfast. After a determined search by slaff. we were able to rescue the scared little dog who was named
after the kind man who had alerted us to his presence. Brian wasn't microchipped and no owner could be
found. As Brian began to trust the staff his sweet, cheeky personality began to emerge and he soon
found a loving home with a family experienced in caring for chihuahuas. After a successful introduction to
his new doggy brother, Brian went home and has settted well inlo the famity who adore him.
Flynn, a Border collie spent altogether 407 days in Assisi - being overlooked becaus8 of his age and his
poor leg. Flynn was the sweetest boy, and we just couldn't understand why his forever home didn't come
before it did.

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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
Flynn came into our care in April 2023 as a failed working collie. but this was mainly due to a leg injury
that was left untreated and healed in a way that caused him discomfort. F￿nn was bullied by the other
collies at the farm and the decision was made that he would be put lo sleep if the owner couldn't find him
a rescue space. We look him in slraight away. When first meeting Flynn. like every collie, just wanted to
please in every way, scared of being hit for not pleasing you enough (sadly this is common in farm collies
as this is the treatment they tend to get). Flynn soon became a volunteer and slaff favourite with his loving
eyes and the desire lo sil on top on you when you lenl down for cuddles. He was a brilliant dog who
deserved a great home and. happily. in May 2024 a lovely man and his granddaughter fell in love with him
straight away. Flynn was away off to his new home with a lovely big garden (more like a field) to play in
and he loves sunbathing at the kttchen door while his new owner makes breakfast for them both.
Cats:
Cèce was an ex-Assisi cat Ihat came baGk into our care at the end of 2023. She was a typical tortie with
an abundance of tortitude, and was extremely unhappy about her stay at Assisi. Because ofthis Cece
was difficult to work with, espeaally when it came time for her to return to her kennel. but staff worked
hard with her and were able lo bring her around, mostly in the form of bribery with Dreamies. Staff were
worried that Cece would become a long-term resident because of her behaviour, but thankfully due to
their hard work they were able to create a video showing off Cece's affectionate side and this attracted
the attention of her future adopter. Luckily. the atjopter had previous experience of owning a tortoiseshell
cat and was willing to give Cece the patience she needed to come out of her shell and show her true
personality! Cece was able to go to her new home after about 2 months at Assisi and clearly landed on
her paws as she settled amazingly well into her new home and is adored by her new family.
Fern & Lycan were both long termers at Assisi. but they didn't originally come into our care together.
Lycan came first and was bfoughl into Assisi after being found as an injured kitten and wa5 suspected to
have been thrown out of a moving car. He was nursed back to health by the vets and staff at Assisi, but it
turned out he was semi-feral. Lycan was then put into the run at Assisi so he could have more space and,
little did he know. it would be where he would meet his fulure gidfriend. Fern came to Assisi as a young
kitten. and while the rest of her siblings found homes quickly, she was overlooked due to her timid
personality. Evenlually she was moved into the run, and itwas love at first sight. Fern and Lycan were
known as the king and queen ofthe run and were rarely spotted apart. After 5 years al ASSISI, the perfed
home finally came around. Someone contacted L5S looking fof semi-feral cals and were willing to work
with Assisi in creating the perfect home for them. After multiple visits and a bil of time getting everything
sorted, in March 2024 Fern & Lycan finally headed to their forever home. They now have acres of land to
explore and have even made some new cat friends- but theif eyes have never wandered, and they
alway5 come back lo their home lo have cuddles together at night.
Missy- We had a phone call in August 2023 from someone whose family member had passed away and
lefl a cat behind. As they were having trouble catching the cat, we lent Ihem a cat Irap and eventually they
managed to trap her. When she was brought to Assisi it was immediatèly clear that something was very
wrong as there was a horrible smell coming from the trap. Staff investigated and it was quickly discovered
that the cat- who we named Missy- had degloved her tail. She was taken to the vet who said she was
going to have to have her tail removed. Initially, they tried lo save part of it, but it was causing a lot of
irritation and behavioural issues for Missy who kept attacking the stump. The vets had to reassess the
situation and made the decision to remove the whole tail. After some recovery time, Missy was starting to
adjust lo her new tail-less lrfe bLrt. as she was still having som8 issues. she was prescribed medication to
help with the adjustmenl and keep her stress down. Missy was then ready for fostering to help her fully
recover in a less slressfvl environment. A lovely couple came along and immediately fell in love with
Missy. They took her on fosler and a couple of months later fully rehomed her. Missy is now completely
off her medication and is loving her new life with her new parentsl
Smalls:
Fiver originally came into our care alongside another rabbit called Bigwig. However, Bigwig was bullying
Fiver. leaving him with quite a lot of scars on his face. We didn't have any space in the small animal unit
al the lime, so he went to the home of a staff member. Fiver was a very healthy boy, so we booked him in
for neutering. All went well but Ihe only thing that was off about him post-neuter was his toileting. It wasn't
that he was urinaling too little- the opposite was happening - too much. After a blood lest. it was found
that Fiver had some quite bad liver failure.

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The Friends of Asslsl Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
As bad as il sounds, it was better that il was his liver that was damaged, and not his kidneys as the liver
self-heals., kidneys don't. Due lo this, Fiver stayed on long-lem foster with the staff member, and he
thrived. Honestly, ifyou weren't the one cleaning out his hay tray every day, then you'd think he was
perfectly healthy. He was hyper, curious and most of all mischievous- within Ihe first few months he had
destroyed the slaff memberfs blinds, wires and sofa. After 2 years on foster care, he got the all-clear for
his liver and so the next big step in the world of Fiver was finding him a spayed girtfriendl
There was an ex-Assisi rabbit, Arwin, who at the time. had recently lost her bunny partner. We had
previously lried lo bond her with some other male rabbits. but she did not like them. As Amin's owner also
loved Fiver we decided to see if they would bond. Their first meet went as well as most first meets
normally go - Arwin bit Fiverfs nose and eye! Bul it's important to persist wilh bunny bonding and over
time they started getting along a bit better, but Arwin was still being very spicy towards him. She gave him
one final 'bluff charge, and that was it, Ihe roles reversed. Fiver started giving Arwin a chase around and
as soon as he did thal, she became very submissive. Once Ihey were fully bonded, Arwin's owner
adopted Fiver and brought the pair back lo her house. She has a purpose-built rabbit building in the back
garden for the hvo oflhem, so they have endless access to unlimited space, enrichment and loads of
things for Fiver to destroy to his hearfs content.
The Big Cheese - Every so often we set up a stand at Pets at Home in Bangor for fundraising and
education. On one such occasion a man came into Pets at Home with a rat that he said had been fighting
with the other malè rat he was living wtth. so he wanted to hand it into Pets at Home. Since we were
there, we said we'd take the rat to Assisi, but it was clear something gnarly was up with him. There was a
led liquid all over his fur, which could have been blood or skin secretion, and his back legs weren't very
strong as he was waddling around the place. alm05t dragging them. But the most wsible thing about him
was hi5 weight. He was a big boy. very big. This was why we chose the now iconic name- The Big
Cheese.
The Big Cheese started to improve after being in our care for only about a week, his skin had already
cleared up and he was a lot more trusling of us. We had lo downsize his enclosure a little in case he tried
climbing up high as he was in danger of falling like a lon of bricks. He did still have hammocks, and other
bits of enrichment in his enclosure.
Al the slart. he didn't have any success actually getting lo Ihe hammocks. Over lime his back leg muscle5
grew stronger and although he had a few misfires- getting half of his body onlo hammock then falling off -
that was happening less often. Soon we'd often find him spending most of his day lounging in his
hammocks since he was in much better shape than when he firsl arrived.
it was time to find him a
friend. Contrary to what most people believe, rats are very popular and loved animals. So, once The Big
Cheese was ready for adoption. he was snapped up by someone who already had a rnale rat and he's
living his best life.
Bones- he was such a ray of light in the rabbit unit, both because he was a gentle soul. and because
you'd be blinded by his white fur when the sun hit off it. Bones originally came into our care in 2019 during
the time that we were getting the Small animal unit rebuilt from the ground up. Due lo Ihat, we didn't have
a great deal of space. so he went on foster wÉih a staff member. They had another foster rabbit Galled
Penelope who had recently lost her partner. Bones and Penelope bonded very quickly and forged a very
close connection. The pair were adopted relatively quickly. Fast-forward to 2023 and Bones wa5 back in
our care. Penelope had only recently passed and, as the ownerfs health was going downhill, they weren
able to bond Bones with another rabbit. Bones settled in very quickly and became accustomed to his new
surroundings. He hadn't changed a btt. he was slill such a fun loving, active boy who would mell as soon
as you gave him head rubs. All was good with Bones except for one thing- his movement. He had a bit of
a waddSe to his slride, making him look a little drunk.
Bones was everyone's favourite boy. Members of all unit5 would come lo the small animal unit to get
some Bones snuggling time. Because of his arthritis he was on medication Iwice daily, which he loved as
tl tasted like honey so was almost like a treat for him. At the start he was getting laser treatment for his
arthritis. but then he moved on to acupuncture every week. He sat very well for his acupuncture, and his
physiotherapist. Josie, loved him!
10

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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
For about 10 months Bones was doing well. Itwas dèar that he was becoming less mobile due to his
arthritis. bul it wasn't anything major- he still got around well. Though. as is often the case with bunnies,
they can go downhill very quickly. Bones. movemenl suddenly took a turn for the worse and, instead of
just looking a little drunk while walking. he was falling over himself. Then over the course of a month, his
back legs were basically not being used due to musde wastage. Even with more medication and more
physio, he was getting worse and worse. In August 2024. we knew it was time to let him go lo sleep. His
quality of life had severely deteriorated. and it gol to the point where he was basically immobile. Bones
went to sleep being comforted and snuggled by the ones he loved, and who loved him.
EDUCATION
2024 saw an increase in the number of school and youth groups requesting talks and presentalions.
predominantly within the Primary and early post primary year groups. All talks resulted in both financial and goods
donations with quite a few schools and groups Ofganising their own fundraising activities for the charity.
COMMUNICATION
Our volunteer and supporter E-newsletters were sent out regularly throughout the year with 6 editions of each and
the Paw Prints magazine continued to prove informative and popular with supporters and shoppers alike. The
covering letters of appeal for donalions proved very successful. The magazine is also popular at various events
with increasing interest in the digital version whith facilitates online viewing.
The Bangor Spectator continues to provide a monthly opportunity lo promote and highlight long term animals
needing homes. Other media activity involved various local radio and television interviews with BBC & UTV and
continued growth across all our social media platfomis.
Throughout the year we attended multiple events around the province ensuring a presence al anirnal relatèd
events. Our summer fair at Bangor Seafront welcomed almosl 40 visiting stalls and proved lo be very popular.
We continued to play our part as one of the charities workn'ng together on the NICAWG group, driving improved
animal welfare legislation in Northem Ireland.
COMMERCIAL
December 2024 saw the opening of our fourth charity store siluated on East Belfast. While it is still early days. the
store is operating very well and attracting more interest from the local community.
The remaining three stores are doing well but there are some issues with the buildings, in particular Holywood
where damp and water leaks are proving problematic and inveslment in repairs is required.
The search for new commercial properties is ongoing.
PEOPLE
There were some staff and volunteer changes in 2024, but the turnover of slaff has largely stabilised. Two more
trustees were co-optèd to the Board during the year. and they are up for eleclion at the AGM.
Staff appraisals were carried out and various staff received emergency first aid training as well as fire warden
training. Several staff had the opportunity to attend the ADCH conference and VelRehabNI provided training for
our staff free of charge giving them greater insight into potential health issues wilh the animals coming into our
care.
Ongoing volunteer recruilment, induction and training took place throughout the year and a social event for staff
and volunteers was organised in June to celebrate Volunteers Week.
We had the benefit of a number of groups of Corporate Volunteers working several days a week at the sanctuary
from March through to Ihe end October carrying out painting and maintenance jobs.
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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
FINANCIAL REVIEW (INCLUDING RESERVES POLICY)
The financial statemenls cover the year ended 31 * December 2024 and are prepared on an accwals basis which
is in keeping with the accounls of previous years.
Total income was £1.738,644 which is an increase of£382.322 on the figure of £1.356.322 for 2023.
Income from activities such as general donalions. donations by bank mandate, tax daims, collection boxes and
street collections etc amounted to £195.684 which was a decrease of £44,484, from the 2023 figure of £240,168.
We also recèived total legacy income of £910,720 which was an increase of £512,734 compared with £397.986 in
2023.
Income from fundiaising events decreased by £26,844 from £72,240 in 2023 to £45.396 in 2024. Shop income
has decreased by £74.746 from £557,439 in 2023 to £482,693 in 2024 while investment income increased by
£928 from £18.731 in 2023 to £19,659 in 2024. Hislorically rehoming income was treated as a donation. From the
start of 2018 such income has been treated as a sale and induded in income from trading activities.
On the expenditure side overall, we spent £1.028.890 on charitable activities compared to £1.006.306 in 2023 -
decrease of £22,584. We continue to keep a tight control on our costs. In total we have spent £1,360,774 on all
our activities in 2024 compared to £1,404.531 in 2023.
As such at 31 December 2024. we had net assets of £2,366,760 compared 10 £1,932,038 at Ihe end of 2023.
Overall, we show a surplus of income over expenses for the year of £434,722 compared lo a surplus of £26.536 in
2023.
Reserves Policy
The trustees have established Ihe level of reserves (that is those funds that are freely available) that the charity
ought to have. The level of unrestricted reserves that the charity aims to retain are as follows-,
General Purpose Fund - this is a fund available at the discretion of the Trustees in respect of the furttterance of
the objectives of the charity. The level of funds that the charity aims to retain are equivalent to three months
operating costs.
Trustee Designated Fund this is a fund used to maintain and upgrade site facilities. A minimum fund limit has
been set at £100,000 by the Trustees.
DISCLOSURE OF INFORMATION TO THE AUDITORS
We, the Trustees. who are the Directors of the Company who held Offi￿ at the dale of the approval of these
Financial Statements as set out above each confirm. so far as we are aware, that-.
there is no relevant audit information of which the Company's audÈtors are unaware and.,
we have taken all Ihe steps that we ought to have taken as Trustees to make ourselves aware of any
relevant audit information and to establish that the Company's auditors are aware of that information.
SMALL COMPANIES EXEMPTION
This report has been prepared in accordance with the special provisions for small companies under part 15 of the
Companies Act 2006.
On behalf of the Board of Trustees
T Mccrory
Tony Mccrory
Trustee
Date.. 5th August 2025
12

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The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
Opinion
We have audited the financial stalements of The Friends of Assisi Animal Sanctuary for the year ended 31
December 2024 which comprise of the Statement of Financial Aclivities (including Income and Expenditure
AGGount}, the Balance Sheet, the Cashflow Statement and notes to the financial statements, including significant
accounting po5icies. 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
Slandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pradice).
In our opinion the financial stalemenls:
give a true and fair wew of the state of the charitable company's affairs as al 31 December 2024, and of
its incoming resources and application of resources, including its income and expenditure, for the year
then ended..
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting
PracliGe', and
have been prepared in a¢¢ordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted Ouf 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 financia5 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 UK, including the
FRC'S Ethical Standard, and we have fvlfilled our other ethical responsibililies in accordance with these
requirements. We believe that the audil evidence we have obtained is sufficient and appropriate lo provide a basis
for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, 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 uncertainlie5 relating to events or
conditions that, individually or colledively. may cast significant doubt on the Gharitable company's ability to
continue as a going concem for a period of at least ￿e1ve months frorn when the financial statements are
authorised for issue.
Our responsibilities and the responsibililies of the trustees wtth respect to going concem are descfibed in the
relevant sections of this report.
Other infomiation
The olher infomiation comprises the information induded in the trustees annual report, other than the financial
statements and our auditor's report thereon. The tnjstees are responsible for the other information contained
within the annual report. Our opinion on the financial statements doe5 not cover the other information and, except
to the extent otherwise explicttly stated in our report. we do not express any fomi of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other infomiation is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially misstaled. If we identify such material inconsistencies or apparent material
misstatements, we are required lo detemiine whether this gives rise lo a material misstatement in the financial
statements themselves. If. based on the work we have perfom)ed, we conclude that there is a material
misstatement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
13

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The Friends of Assisi Animal Sanctuary
Independent Auditof s Report
Year Ended 31 Decernber 2024
Oplnions on other matters prescrlbed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the directors, report) for the financial year for
which the financial statements are prepared is consistent with the financial slatemenls., and
the directOTS' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and underslanding of the charilable company and its environment obtained in the
course of the audit, we have not identified material misstatemenls in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept. or retums adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums; or
certain disdosures of directors, remuneration specified by law are rsot made., or
we have not received all the information and explanations we require for our audrt
Responsibilities of trustees
As explained more fully in the truslees. responsibilities ststement set out on page 5, Ihe trustees (who are also the
directors of the charitable company for the purposes of company law) are responsible for the preparalion of the
financial statements and for being satisfied that they give a true and fair view, and for such internal control as the
trustees 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 trustees are responsible for assessing the charitable company's ability to
Continue as a going concem. disclosing, as applicable: matters related to going concern and using the going
concern ba515 of accounting unless the trustees either intend to liquidate the charitable company or to cease
operats'ons, or have no realistic alternative but to do so.
Auditor's responslbilitles for the audit of the financial ststements
Our objectives are to oblain 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 auditof 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 detecl a material misstatement when il exisls. Misstalemenls can arise
from fraud or error and are considered material rf. individually or in the aggregate, Ihey 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, inctuding fraud is detailed below..
Discussions wilh management, including consideration of known or suspected instances of non-
compliance with laws and regulations and fraud..
Identifying and rewewing significant manual joumal entries-.
Evaluating. and where appropriate, Challenging assumptions and judgements made by management in
making significant accounting estimates.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularFties, including
those leading lo a material misstalement in the finanaal statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and Iransacts'ons
reflected in the finanual stalements, 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.
14

The Friends of Assisi Animal Sanctuary
Independent Auditor's Report
Year Ended 31 December 2024
As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional
scepiicism throughout the audit. We also-
Identify and assess the risks of malerial misstatement of the financial statements, whether due to fraud or
error, design and perfomi audit procedures responsive to those risks. and obtain audit evidence that 15
sufficienl and appropriate lo provide a basis for our opinion. The risk of not detectin9 a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions. misrepresentations, or the override of internal control.
Obtain an undetstanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the char¢table company's internal control.
Evaluate the approprialeness of accounting policies used and the reasonableness of accounting
estimates and related disdosures made by the trustees.
Conclude on the appropriateness of the trustees. use of the going concern basis of accounting and,
based on the audit evidence obtained. whelher a material uncertainty exists related to events or
ondilions that may casl significant doubt on the charitable companys ability to Continue as a going
concern. If we condude that a material uncertainty exists, we are required to draw attention in our
auditorfs report to the related disdosures in the financial statemenls or. if such disclosures are
inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the
date of our auditor's report. However. future events or conditions may cause the charitable company to
cease to continue as a going concem.
Evaluate the overall presentation, structure and content of the financial stalemenls. including the
disdosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation {i.e. gives a true and fair view).
We communicate with Ihose charged with 9ovemance regarding, among other matters, the planned scope and
timing of the audit and significant audil findings, induding any significant deficiencies in internal control that we
identify during our audit.
Use of our report
This report is made solely to Ihe charitable company's trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulalions (Northern Ireland) 2015. Our audit work has been undertaken so
that we might state to the charitable company's 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 nol accept or assume
responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for
our audit work, for this report, or for the opinions we have fomied.
KYRAN SMYTH (Senior Slatutory Audilor)
For and on behalf of KPS Chartered Accountants
Chartered Accountants & Stalutory Auditor
35 Irish Street
Downpatrick
Co Down
BT30 6BW
Date: 51h August 2025
15

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The Friends of Assisi Animal Sanctuary
Statement of Financial Activities (including Income and Expenditure Account)
Year Ended 31 December 2024
2024
2023
Unrestricted Restricted
funds
funds
Totsl
Total
Nots
Income from:
Donations and legaries
Olher trading activities
Investments
Total income
1,101,584
600.601
19.659
1.721.844
16,800
1,118,384
600.601
19.659
1,738,644
651,704
685,887
18,731
1,356,322
16,800
Expenditure on:
Raising funds
Charitable actiwties
Total expendlture
(331,884)
(1.012,376)
(1,344,251)
(331,884)
(16,523) (1,028.890)
{16.5231 11.360,774
(398,225)
(1,006,306)
11,404,531)
Nei gainsl{losses) on
Investments
31,158
31,158
(432)
Net Incomel{expenditurel
408,751
277
409,028
(48,641)
Transfers between funds
Other recognised gains l {losses):
Gains I (losses) on revaluation
14
of ir)vestmenls
Net movement in funds
25,694
25.694
75.177
20
434,445
277
434,722
26,536
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
20
1.862.144
2,296,589
69,894
70,171
1,932,038
2,366.760
1,905,502
1.932,038
All income and expenditure derive from continuing activities.
The statement of financial activities in¢ludes all gains and losses recognised during the year.
The notes on pages 18 10 30 fom) part of Ihese financial statements.
16

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The Friends of Assisi Animal Sanctuary
Balance Sheet
Year Ended 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
Investmenls
13
14
637.657
968.955
654,010
912,469
1.606,612
1.566,479
Current assets
Stocks
Debtors
Cash on deposit- Investec Wealth & Investment Ltd
Cash at bank and in hand
15
16
14
14,171
81,462
34,864
702,299
12,988
92,627
23,275
314,304
832,796
443,194
Creditors: amounts falling due within one year
17
{72.648)
(77,635)
Net current assèts
760,148
365,559
Total assets less current liabilities
2,366,760
1,932,038
Creditors: amounts falling due after more than one year
18
Net assets
2,366,760
1,932,038
Charity Funds
Reslricled funds
Unrestricted funds..
General Purpose Fund
Designated Fund- Ftxed Assets
Total charity funds
20
70,171
69,894
20
20
20
953,064
1.343,525
2,366,760
595,130
1,267,014
1,932,038
These finanual statements have been prepared in accordance with the provision5 of the Companies Act 2006
applicable to companies subject to the small companies regime.
The financial statemenls were approved and authorised for issue by the Board on 23 July 2025.
Signed on behalf of the Board of Trustees
T Mccrory
Tony Mccrory. Trustee
Date: 5th August 2025
Company registration number: Nl 48385
The notes on pages 18 to 30 foryn part of these financial statements.
17

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The Friends of Assisl Animal Sanctuary
Statement of Cash Flows
Year Ended 31 December 2024
2024
2023
Note
Cash flow from operating activities
22
446,483
124,645
Net cash flow from operatlng activities
446,483
124,645
Cash flow from investing activities
Payments to acquire tangible fixed assets
Payments to acquire investmenls
Receipts from sales of tangible fixed assets
Receipts from sales of investments
(16,106)
(240.645)
(9,359)
179,857)
209,853
56,552
Net cash flow from investing activities
(46,898)
{32,664)
Cash flow from financing activities
Repayment of finance lease liabilities
Net cash flow from financing activities
Net increase in cash and cash equivalents in the financial year
399,585
91,981
Cash and cash equivalents atthe beginning of the financial year
337,578
245,597
Cash and Gash equivalents atthe end of the financial year
737,163
337,578
Cash and cash equivalents consists of:
Cash al bank and in hand
Cash on deposit - Investec Weatth & Investment Ltd
702,299
34,864
314,303
23.275
14
Cash and cash equivalents atthe end of the financial year
737,163
337.578
The notes on pages 18 to 30 fom part of these financial ststements.
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The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
1 Summary of significant accounting policies
lal General inforniation and basis of preparation
The Friends of Assisi Animal Sanctuary is a company limited by guarantee in Northem Ireland. In the evenl
of the Gharity being wound up, the liability in respect of the guarantee is limited to £1 per member of Ihe
charity. The address of the registered office is given in the charty informalion on page 3 of these financial
slalements. The charity provides a sanctuary for animals and is dedicated to the welfare of companion
animals.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102) - {Charities SORP {FRS 10211, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies
Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concem basis under the historical cost convention.
modified to inGlude certain items at fair value. The financial statements are presented in sterling which is
the fijnctional currency of the chartty and rounded to the nearest £1.
The significant accounting policies applied in the preparation of Ihese financial ststements are set out
below. These poliaes have been consislenlly applied to all years presenled unless otherwise stated.
(b) Funds
Unrestricled funds comprising the General Purpose Fund are available for use at the discretion of the
trustees in furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes. The Trustees Desi9naled Fund was estsblished in June 1998 lo hold donations from a public
appeal lo enable the purchase of land and buildings comprising 1 Old Bangor Road. Conlig, Newtownards.
The freehold property was purchased for £85,000 in August 1999. Funds in excess of the purchase price
and associated professional fees are held in the Tru5tee5 Designated Fund to be used to maintain and
upgrade sile facilities. Specific animal welfare related projects may. at the discretion of the Trustees, receive
contribulions from this fvnd. The Trustees have sel a minimum limit for this fund of £100,000.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors
or which have been raised by the charity for particular purposes. The cost 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 noles
to the financial statements.
(cl Income recognition
All incoming resources are included in the Statemenl of Financial Activities (SOFA) when the charity is
legally entilled to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in
writing. Sf therè are conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of
those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when their
economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair
value is detemiined on the basis of the value of the gift to the charity. For example, the amount the charity
would be willing to pay in the open market for such facilrties and services. A corresponding amount is
recognised in expenditure.
19

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The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
No amount is included in the financial statements for volunteer time in line with the SORP IFRS 102).
Further detail 15 given in the Trustees, Annual ReporL
Where practicable. gifts in kind donated for distribution to Ihe beneficiartes of the charity are included in
stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at
receipl or if the costs to undertake such a valuats'on outweigh any benefits, then the fair value is recognised
as a componenl of donations when it is distributed and an equivalent amounl recognised as charitable
expenditure.
Gifts in kind donated for resale are induded at fair value. being the expected proceeds from sale less the
expected costs of sale. Where estimating the fair value is praclicable upon receipt it is recognised in stock
and 'lncome from other trading aclivities,. Upon sale, the value of the stock is charged against 'lncome from
other Irading activilies. and the proceeds a￿ recognised as 'lncome from olher trading activitie5'. Where it 15
impracticable to fair value the items due to the volume of low value items they are not recognised in the
financial statements until they are sold. This income is recognised within 'lncome from other trading
activilie5'.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not
deferred over the life of the asset.
For legacies. entitlement is the earlier of the charity being notified of an impending distribution or the legacy
being received. At this point income is recognised. On occasion legacies will be notified to the charity
howevef il is not possible to measure the amount expected to be distributed. On these occasions, the
legacy is treated as a contingent asset and discjosed.
Income from trading activities includes income eamed from fundraising events and trading activities to raise
funds for the charity. Income is received in exchange for supplying goods and services in older to raise
funds and is recognised when entitlement has occurred.
Income from grants is recognised at fair value when the charity has entitlèment after any performance
conditions have been met, it is probable that the income will be received and the amount can be measured
reliably. If entitlement is not met then these amounts are deferred.
Investment income is eamed through holding assets for inveslmenl purposes such as shares. It includes
dividends and interest. Where it is not practicable to identify investmenl management costs incurred within
a scheme with reasonable a￿uraCY the investment income is reported net of these costs. 11 is included
when the amounl can be measured reliably. Inlerest income is recognised using the effective interest
method and dividend income is recognised as the charity's righl to receive payment is established.
Other income includes other income not recognised under other headings.
Idl Expenditure recognition
All expenditure is accounted for on an ar￿￿al5 basis and has been classrfied under headings that
aggregate all costs related to the calegory. Expenditure is recognised where there is a legal or constructive
obligation to make payments to Ihird parties. ti is probable thal the settlement will be required and the
amount of the obligation Gan be measured reliably. It is categorised under the following headings..
Costs of raising funds-
Expenditure on Gharitsble activities: and
Other expenditure represents those items not falling into the Categories above.
(el Vat
The charity registered for val in 2018. As such income and expenses for the year ended 31 December 2024
are shown net of vat as appropriate. Irrecoverable vat is induded in the expense to which it relates.
20

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The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
{fj Support costs allocation
Support Gost5 are Ihose that assist the work of the charity but do nol directly represent charitable activities
and include Offi￿ wsts, governance costs, administrative payroll costs. They are incurred directly in
support of expenditure on the objects of Ihe charity. Where support costs cannot be directly attributed to
particular headings they have been allocaled to cost of raising funds and expenditure on charitable activities
on a basis consistent with use of the iesources.
Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of
disseminating infomiation in support of the charitable acttvitie5.
Ig) Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed fJ)st) or valuation less accumulaled depreciation and
accumulated impaiment losses. Cost includes costs directly attributable to making the assel capable of
operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculaled to write off the cost, less estimated
residual value, of ea¢h asset on a systematic basis over its expeded useful life as follows..
Freehold land
Freehold buildings
Site facilities
Office and kennel equipment
Motor vehicles
Over 40 years
Over 7 years
Over 4 years
Over 4 years
(h) Inveslments
Investments are recognised initially at fair value which is nomially the transaction price excluding
transaction costs.
Current assel investments are short term highly liquid investments and are hèld at fair value. These include
cash on deposit and cash equivalents with a maturity of less than one year.
li) Stocks
Stocks are stated at the lower of cost and estimated selling price. Cost includes all costs of purchase, costs
of conversion and other costs incurred in bringing stock to its present location and condition. Provision is
made for damaged, obsolete and slow-moving stock where appropriate.
Donated sto¢ks are inclLFded in income from other trading activities when they are sold as described in (c)
above.
til Debtors and creditors receivable I payable within one year
Debtors and creditors wf(h no stated interest rate and receivable or payabl8 Wlthin one year are recorded at
Iransaclion price. Any losses arising from impairment are recognised in expenditure.
(k) Impairnient
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balance sheet date. If such indication exists. the recoverable amount of the asset, or the asset's cash
generating unit, is estimated and compared to the carrying amounl. Where the carying amount exceeds ils
recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a
revalued amount where the impairment loss is a revaluation decrease.
21

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The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
(l) Provisions
Provisions are recognised when Ihe charity has an obligation at the balance sheet date as a result of a past
event. il is probable that an ouffiow of economic benefits will be required in settlement and the amount can
be reliably estimaled.
Im) Hire purchase
Assets acquired under hire purchase agreements are capitalised and deprecialed ovef the expècted useful
life of the asset. Minimum lease payrnent5 are apportioned belween the finance charge and the reduction of
the outstanding hire purchase liability using a level spread method due to the short length of the hire
purchase agreements and small level of interest charged in respect of the hire purchase agreements. The
related obligations. net of future finance charges, are included in creditors.
In) Tax
The Friends of Assisi Animal Sanctuary is recognised as a charity for the purposes of applicable taxation
legislation and is therefore not subject to taxation on its tharitable actsvities.
(o) Going concern
The directorsltrustees have prepared the 2024 financial statements on a going concern basis after
assessing principal risks and uncertainlies. The trustees have also considered the level of funds held and
the expected level of income and expenditure for 12 months from authorising these financial statements. In
their opinion the anticipated future income and expenditure is sufficient, together with the level of reserves
for the charity to be able to Gontinue as a going concern.
(p) Judgements and key sources of estimation uncertalnty
Estimates and judgements made in the process of preparing the financial statements are continually
evaluated and are based on historical experience and other factors, including expectations of future events
that are believed to be reasonable under Ihe Circumstan￿5. The Trustees do not consider that there are
any critical judgements made in applying these charity accounting policies or that there are any critical
accounting estirnates or assumptions vthith may have a significant risk of causing a material adjustmenl to
carrying amounts of assels and liabil¢ties within the next financial year.
Income from donations and legacies
2024
2023
Gifts (Donations):
Donations - general
Donations by bank mandate
Tax claims
Membership
Collection boxeslstreet Colledions
Street Gollections
Other
79,679
46,592
45,174
2,268
4,298
6,161
11,512
195,684
910,720
123,514
50,105
48,882
2,200
7,646
4,380
3,441
240.168
397,986
Legacies
Grants-
Miscellaneous funds
11,980
11,980
13,550
13,550
1,118,384
651.704
Income from donations and legacies was £1.118,384 (2023 - £651,704) of which £16.800 (2023 - £27,095)
was attributable to restricted funds and £1,101,584 (2023 - £624,609) was atlributable to unrestricted funds.
22

E-sign ID.. faa9CXJ5&ff31-417a-a11b4e843a661410
The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
Income from other trading activities
2024
2023
Fundraising event5
Shop income
Rehoming income
Pet plan
45,396
482,693
45,805
26,707
72,240
557,439
29,280
26,928
600,601
685,887
Income from other trading activities was £600.601 (2023 - £685.88n of which £nil (2023 £nil) was
attributable to restricted funds and £600,601 (2023 - £685,88n was attributable lo unrestricted funds.
Income from investments
2024
2023
Dividends
Realised gainsl(loss) on sale
19,859
31,158
18.731
(432)
50,817
18,299
Income from investments was £50,817 (2023 - £18,299) of which £nil (2023 £nil) was attributable to
restricted funds and £50,817 {2023- £18.299) was attributable to unrestricted funds.
Investment management costs
2024
2023
Investment management fees
7,792
6,942
6,942
£nil (2023 - £nil> of the above costs were attributable to restricted funds and £7,79212023- £6,942)
were attributable to unrestiicted fvnds.
Anatysis of expenditure on charitable activities
2024
2023
Sanctuary at Conlig
Staff wages plu5 e'ers NIC & pension costs
Veterinary care
Animal food & consumables
Cleaning materials
Rent & rates
Heat & Light
Sanctuary insurance
Telephone and computer cosls
Ambulance expenses
Motor expenses
Site security
Care staff uniforms & PPE
Care slaff training
Recruilmenl expenses
Printing, Poslage and Stationery
Advertising & promolional items
612,012
106,872
44,537
6,322
203
27.703
14,065
24,619
6,939
4,487
607.909
79.158
46.559
6,331
25,465
10,938
23,668
10,307
495
4,691
2.224
2,704
14,905
5,348
380
259
13.556
23

E-stgn ID.. taa9QMJ59-f131-4f7a-81 Ib-4c843a68f4fO
The Friends of Assisi Anlmal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
Travel
Profes&onal fees
Auditor
Accountancy
Bank & financing charges
Membership & Conferen￿ fees
Maintenance & repairs
Sundry expenses
Depreciation
1,975
22,834
2,400
1,250
5,050
3,520
13,944
2,319
32.459
953,053
830
26,287
2,000
1,050
5,244
1,966
24,168
2,128
41,838
940,929
Outreach Program
Animal food & consumables
Veterinary Care
Veterinary Drugs
35,157
9,254
31,426
75,837
33.230
9.644
22,503
65,377
Clara Cat Group
Legal costs
Clara Mcmullan Deceased Fund
Total expenditure on charitable activities
1.028,890
1,006,306
Included in the above expenditure are support costs of £3,650 (2023 £3,050) in respect of aclivities
undertaken in accordance with nole 7 below.
£16,52312023 £21,808) of the above costs were attributable to restricted funds and £1,012,367 (2023
£984,498) was attributable to unrestricted funds.
Allocation of support costs
Sanctuary
Homeward
Bound
Chance
ofa
Lifetime
Clara Cat
Group
2024
Totsl
2023
Total
Govemance
3.650
3,650
3.050
Total
3,6SO
3,650
3,050
Governanca costs
2024
2023
Trustee remuneration
Trustee expenses
Ccnsultancy
Accountancy
Audilorfs remuneralion
11
1,250
2,400
1,050
2,000
10
3,650
3,050
24

E-sign ID.. faa90059-ff31-4f7a-a11 b4G843a6814fO
The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
Net incomel lexpenditurel for the year
Net income l (expenditure) is stated after charging l (crediting)..
2024
2023
Depreciation and impairment of tangible fixed assets
32,459
41,838
10
Auditors remuneration
The Auditorfs remuneration amounts to an audit fee of £3,650 (2023- £3.050).
11
Trustees. and key management personnel remuneration and expenses
The trustees neither received nor waived any remuneration during the year (2023.. £NiD.
The total amount of employee benefrts received by key management personnel is
£nil {2023 - £nil). Key management personnel are considered to comprise the truslees.
No (2023- none) tnjstees are accruing pension arrangements.
The trustees did not have any expenses reimbursed during the year (2023 - £nil).
12
Staff costs and employee benefits
The average monthly number of employees during the year was as follows-
2024
2023
Raising funds
Charitable aGtivities
14
26
10
25
40
35
2024
2023
The total staff costs and employees. benefrts was as follows=
Wages and salaries
Employers NIC
Defined contribution pension costs
735,587 765,112
58,031
48,654
14,105
14,886
807,723
828 652
No employees received total employee benefits of more than £60,000.
25

E-sign ID.. faagK159-ff3f4f78-a11 ￿4C843a661410
The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
13
Tangible fixed assets
Land and Equipment
Buildings
Motor
vehicles
Total
Cost or valuation:
At 01101123
Additions
Disposals
At 31112123
Depreciation:
At 01101123
Charge for the year
Impairment
Elirninated on disposals
At 31112123
Net book value:
At 31112124
885.270
13,920
65.687
2,186
77,934
1,028,891
16.106
899,190
67,873
77,934
1.044,997
248.514
15.215
58.538
7.139
67,829
10,105
374,881
32,459
263.729
65.677
77,934
407,340
635,461
2,196
637.657
At 31112123
636,7S6
7,149
10.105
654,010
The net book value of land and buildings comprised=
2024
2023
Land and buildings..
Freehold
635,461
636,756
635,461
636.756
The value of non41epreciable land included in Land and Buildings was £479,126 (2023- £479,126).
No borrowing costs are included in the cost of the fixed assets.
Included in the total net book value of motor vehides wa5 £ Nil (2023- £Nil) in respect of assets held under
finance leases.
No tangible fixed assets have been pledged as security for liabilities of the ¢harity.
14
Fixed asset invesljnents
Listed
investments
Totsl
Cost or valuation
At 11112024
Additions
Revaluation
Disposals
AI 3111212024
Impaimient
AI 11112024
Eliminated on disposals
AI 3111212024
Carrying amountr.
At 3111212024
At 3111212023
912.469
240,645
25,694
(209,853)
968.955
912.469
240,645
25,694
(209,853)
968,955
968.955
912,469
968,955
912,469
26

E-sign ID.. laa9o05￿ff3I-4f7a-8l1b4C843a6Bl4fo
The Friends of Assisi Animal Sanctuary
Notes to the Flnancial Statements
Year Ended 31 December 2024
Investments al fair value compromise..
2024
2023
Equities and securities
Cash within investment portfolio
968,955
34,864
1003,819
912,469
23,275
935,744
The fair value of listed inveslments is detemiined by reference to price5 quoted on the London stock
exchange.
15
stocks
2024
2023
Animal food & consumables
Merchandise
10,377
3,794
9,475
3,513
14,171
12,988
16
Debtors
2024
2023
Income tax recoverable
Vat Recoverable
Trade debtors
Prepayments
Accrued Income
Other debtors
11,409
17,120
19.028
27,837
5,614
454
13,242
16.485
29,250
22,206
7,141
4,303
81,462
92.627
No amounts included in debtors are falling due after one year.
17
Creditor5: amounts falling due within one year
2024
2023
Trade creditors
PAYE
Cat trap deposits
Pension ¢ontrÈbution5
Accrua15 and deferred income
31.099
13.646
215
3,245
24,443
34,796
12,940
215
5,498
24,186
72,648
18
Creditors: amounts falling due after more than one year
2024
2023
Bank Loan (over 1 year)
27

E-sign ID.. laa9CM)59-ff31-4f7a-a11b4c843a661410
The Friends of Assisi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
19 Contingent assets
In August 2020 an interim payment of £200.000 in respect of a legacy to the charity was received.
This amount of the interim payment had been induded in income for the year ended 31 December 2020,
however, al thal date it was not possible to quantify the remaining amount ofthe legacy. At 31 December
2024 a further amount of the legacy was received totalling £730,000. The legacy related to an individual
who had died in late 2018.
20
Fund reGonciliation
Unrestricted funds
Balance at
0110112024
Gains I
{losses)
Balance at
3111212024
Income
Expenditure
Transfers
General Purpose
595.130 1.702.185
(1.344.251)
953,064
Trustee Designated
1.267.014
19.659
56,852
1,343,525
1,862 144 1721844
2 296 589
Restricted funds
Balance at
0110112024
Gains I
Balance at
{10$5es) 3111212024
Income
Expenditure
Transfers
Cat Building ftjnd
General Funds
Maureen Boal
Charitable Trust
Jean Sainsbury
Welfare Trust
44,069
20,538
44,069
21,528
11,800
(10,810)
5,287
(713)
(5,000)
4.574
5,000
69.894
16.800
1.932,038 1.738,644
16,523
1.360,774
70,171
2,366,760
Total Funds
56,852
Fund description5
a) Unrestricted funds
General Purpose Fund Ihis is a fL5nd available at the discretion of the Trustees in respect of the
furtherance of the objectives of the ¢harity.
b) Designated funds
Trustee Designaled Fund this is a fund used to maintain and upgrade site facilities. A minimum fund limit
ha5 been set at £100,000 by the Trustses.
cl Restricted funds
Cat Building fund - this is a fvnd Ihal will be used towards the cost of Gonstructing a new kitten home in the
name of Clara Mcmullan de￿ased.
Miscellaneous funds- funds received to assist with small PTojects.
Maureen Boal Charitable Trust - funds to go towards the building of a bespoke new soundproofed kennel
block at the sanctuary.
Jean Sainsbury Welfare Trust- funds received to assist with veterinary care costs.
28

E-sign ID: laa*)05￿￿31-4f7a-a1lb4c843a6Bl4f0
The Friends of Asslsi Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
21
Analysls of net assets between funds
Unrestricted
nds
Designated
funds
Restricted
funds
Total
Fixed assets
Investments
Current assets
Creditors due in less than one year
Creditors due in rnore than one year
297,951
339.706
968,955
34.864
637.657
968,955
832.796
172,648)
727.761
172,PA8)
70.171
Total
953.064
1,343,525
70,171 2,366,760
22 Reconciliation of net income to net cash flow from operating activities
2024
2023
Net income for year
434,722
26,536
Depreciation of tangible fixed assets
(Gains) I losses on inveslmenls
(Increase) I decrease in slock
(Increase) I decrease in debtors
Increase l (decrease) in creditors
32,459
(25,693)
(1,183)
11,165
{4,987)
41,838
(75,177)
{3,638)
98,031
37,055
Net cash flow from operating activities
446,483
124,645
23
Financial commitments
There are no contractual commitrnents for the acquisition of tangible fixed assels contracted for but not
provided in the finanoal ststements at 31 December 2024.
24
Events after the end of the period
There are no adjusting or non-adjusting post balan￿ sheet events.
25
Related party transactions
There were no related party transactions during the year.
29

E-sign ID.. faa90059-ff314f7a-a11 b-4c843a68f4fO
The Friends of Assisl Animal Sanctuary
Notes to the Financial Statements
Year Ended 31 December 2024
26
Financial instruments
The carrying amounts of the charity's financial instruments are as follows..
2024
2023
Financial assets
Measured al fair value
Fixed asset listed investments (note 14)
968,955
912,469
968,956
912,469
Debt instruments measured at amortised cost=
Deblor5 (note 16)
81,462
92,627
81,462
92,627
Financial liabilities
Measured at amortised cost
Trade creditors and acctuals etc (note 17)
Other creditors (note 18)
72,648
77.635
72,648
77,635
There are no income, expenses, net gains and net losses attributable to the charitls financial instruments.
30