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2024-03-31-accounts

Contents

AfA Trustees Annual Report (TAR) Objectives and activities Additional information (optional) Achievements and performance Additional information (optional) Financial review Additional information (optional) Structure, governance and management Additional information (optional) Reference and administrative details – Corporate trustees names of the directors at the date the report was approved Name of trustees holding title to property belonging to the charity Funds held as custodian trustees on behalf of others Declarations

AfA Trustees Annual Report (TAR)

From: April 1, 2024 To: December 31, 2024 Charity name: Asia for Animals Coalition Charity registration number: SCIO SC052485

| Asia for Animals Coalition | Registered Charity: SCIO SC052485 | info@asiaforanimals.com | Page 1

OOQ ASIA FOR ANIMALS COALMON The financi21 statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply with the charity's governing document. the Charities and Trustee Investment Iscotlandl Act 2CX)5, the Charities Accounts (Scotlandl Regulations 2CQ613s amended) and "Accounting and Reporting by Ch2rities= Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Stsndard appIl￿ble in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. Objectlves and actlvltles SORP reference Para 1.17 Summary of the purposes of the charity as set out in its governing document The Coalition is organized exclusively as a network of organizations working specifically for the protection of anim315 in and originating in Asia through developmental work, campaigns. advocacy. and practical assistance in order to improve the status and welfare of animals. Summary of the main activities in relation to those purposes for the public benefit, in particular. the activities, projects or services identif led in the accounts. Para 1.17 and 1.19 AfA provided support the member organizations in their campaigns and advocacy work to protect animals. AfA supported the drafting of appeal letters to State authorities and government agencies in 13 countries. developed issue based working groups with member organizations for collaboration and cross learning. organized event5 to bring together animal organizations and activists and expanded the Coalition to around 4CQ members The trustees have paid due regard to the Charity Commission guidance on public benefit regarding the activities they should undertake. statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on ublic benefit Para 1.18 l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 2

OOQ ASIA FOR ANIMALS COALMON Additional information (optional) You may choose to include further statements where relevant about: SORP referenee Para 1.38 Policy on grant making Asia for Animals does not provide grants to organizations Policy on social investment including ro ram related investment Contribution made b volunteers Other Para 1.38 NIA Para 1.38 None l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 3

OOQ ASIA FOR ANIMALS COALMON Achievements and performance SORP reference Para 1.20 Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. AfA brought together numerous animal organizations. animal activists and advocates together to create a stronger and cohesive movement through the following Working Groups. Farm Anlmal Coalltlon (FAQ In 2024. the Farm Animal Coalition IFACI reinforced its position as the leading regional platfomi for advancing the welfare of farmed animals across Asia. The year's highlight was the Asia Farm Animol Doy {AFAD) 2024. held in Vietnam and co-hosted with AVA International. The event brought together more than 4CQ participants representing over 160 organisations from 47 countries. marking one of the largest gatherings for fam) animal welfare in the region. FAC also published The Capacity ond Funding Landscape of the Animol Protection Movement in Asia report. a landmark resource endorsed and supported by 45 organisations. offering valuable insights into the cuffent challenges and opportunitie5 for the movement's growth. Building on this momentum. FAC initiated discussions wtth organisations from India. Indonesia. and Nepal to host regional events in coming years. further localising capacity-building and collaboration efforts. The coalition also facilitated partnerships be￿een Vietnamese organisations and both governmental and non-governmentsl institutions. including introductions to VegFest organisers and the Dog l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 4

OOQ ASIA FOR ANIMALS COALMON SORP reference and Cat Coalition IDACCI. enhancing cross-sector cooperation in the region. Capaclty In Anlmal Protectlon Coalltlon {CAPC) The Capacity in Animal Protection Coalition ICAPCI made significant stride5 in 2024 toward empowering organisations working to improve the welfare of animals in captivity. The coalition published The Capacity and Funding Landscape of the Animal Protection Movement in Asia report, which it later presented at a panel discussion at AFAD in Hanoi. CAPC launched monthly funding subgroup meetings. creating a space for member organisations to collectively set goals and ts¢kle financial sustsinability issues identified in the Asia Funding Landscape report. The coalition also developed a series of resource templates to strengthen organisational and programmatic capacity among mentee groups. Throughout the year. CAPC continued to provide one-on-one mentoring and tsrgeted organisational development support to member groups such as Animals Don't Speak Human Ilndonesial, Animal Welfare Corporote Partner5 Japan, The Civet Project. Voice of Animal Nepal. and Animal Law & Policy Network India. This tsilored support helped partners enhance their leadership structures. improve fundraising strategies. and implement effective project management systems. CAPC'S ongoing mentoring initiatives remain a cornerstone of AfA'5 wider effort to build long-term sustainability and professionalism in the regional animal protection movement l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 5

OOQ ASIA FOR ANIMALS COALMON SORP reference Macaque Coalltlon IMACCI The Macaque Coalition IMACCI achieved key milestones in 2024 35 it advanced efforts to secure legal protection for macaques in Asia. A significant step forward wa5 the development of a Roadmop for Legal Protection for Long-tailed and Pig-tailed Macaques in Indonesi¢. a long-term initiative aimed at securing formal recognition of macaques, welfare needs in policy and practice. MACC also began building partnerships with Al tool developers to design an innovative triage system that helps organisations identify. prioritise, and respond to macaque-related welfare concems. including those arising f rom online content and human- macaque conflict. Planning commenced for International Macoque Week 2025. which will include educational exchanges and collaborative activities among member organisations. MACC also developed a mitigation plan to help the city of Kathmandu. Nepal. manage the growing issue of negative human-macaque interactions. Throughout the year. the coalition continued to advocate against macaque exploitation, including co-signing an appeal letter with Wildlife Friends Foundation Thailand to shut down the Samui Monkey Center due to severe welfare violations. MACC'S partiClP3tion in the 9th Asian Primate Symposium (2024) further strengthened its visibility and leadership in regional primate protection efforts. Dog and Cat Welfare Coalition IDACCI 2024 was a year of renewal and strengthened collaboration for the Dog and Cat Welfare Coalition IDACC). With new leadership and coordination, DACC reconnected with its member organisations across l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 6

OOQ ASIA FOR ANIMALS COALMON SORP reference Asia and welcomed new participants into the ne￿ork. The coalition facilitsted collaborative action among member organisations campaigning to end the dog and cat meat trade in Vietnam. helping to map out strategies and ensure alignment across ongoing advocacy efforts. DACC also coordinated appe31 letters and ststements directed to national and local govemments. including an appeal to the Government of Bali. Indonesia. addressing planned mass culling of stray and community dogs. In addition to its policy engagement. DACC worked closely with disaster- affected organis3tions in the region to circulate appeals for assistsnce and strengthen regional solidarity- DACC'S revitalisation in 2024 has laid the foundation for more coordinated advocacy. resource sharing, and strategic campaigning for companion animal welfare across Asia. Soclal Medla Anlmal Cruelty Coalltlon ISMACC} The Social Media Animal Cruelty Coalition ISMACCI continued its pioneering work in 2024 as the global leader tstkling the growing issue of online animal cruelty content. The coalition Solidif led partner5hip5 With major platform5 by becoming an off icial partner in the Trusted Flagger Scheme5 for YouTube and TikTok. allowing SMACC to directly report and influence the removal of hamful content. In collaboration with TikTok, SMACC played an instrumentsl role in developing the platform's Animal Welfore Safety Center, a landmark resource to educate users and promote ethical online behaviour. SMACC published a major research report on l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 7

OOQ ASIA FOR ANIMALS COALMON SORP reference °fake rescue" cruelty content. the findings of which informed policy dialogue with social media platfomis and regulators. The coalition also released an extensive NGO Toolkit on its website. providing practical resource" for org3nis3tions advocating 2gainrt online animal cruelty- Beyond platform partnerships. SMACC contributed expert input to the European Commission s study on Trusted Flaggers and worked closely with Of¢om (UK) on implementing the Online Safety Act. ensuring that animal welfare is explicitly represented in digitsl policy. Membership expanded to 31 organisations, supported by new subgroups focusing on legislative advocacy and public education. SMACC'S accomplishments in 2024 have significantly advanced global recognition of online cruelty as a critical animal welfare issue and positioned AfA as a key stskeholder in shaping humane digitsl spaces. Pollcy Coalltlon (APQ In 2024. the Policy Coalition advanced the integration of animal welfare within international and regional policy frameworks by strengthening member5, acce55 to global platforms and re50urce5. It guided several organizations through accreditation processes with UNEP and ECOSOC. collaborated with other regional networks under the World Federation for Animals to create 2 shared policy resource library. and supported the development of the Asia Pacific Animal Law Overview datsbase. The coalition also connected member groups with pro-bono legislative experts. contributed to global policy dialogues-including submissions to the Convention on Biologic31 Diver51 and case studies for COP 29-and l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 8

OOQ ASIA FOR ANIMALS COALMON SORP reference began shaping strategies for sustsinable tourism that embed animal welfare in the agendas of IUCN and the UN World Tourism Organization. Further. it initiated work on marine policy advocacy.12unched a monthly blog series featuring policy projects of member organizations. and began designing a skills development series to strengthen advocacy capacity. Through these efforts. the Policy Coalition has positioned AfA as a key regional voice linking animal welfare, law, and sustsinable development. Addltlonal Informatlon (optlonal) You may choose to include further statements where relevant about= l forAnlmat5 Coaltion l Re￿ere￿ Chartir. SCIO SCO524851 inf asiafot3nkna&iom I Page 9

Achievements against objectives set Para 1.41
Performance of fundraising activities
against objectives set		 Para 1.41
Investment performance against objectives Para 1.41
Other

Financial review

Review of the charity’s financial position at
the end of the period
Para 1.21
The charity had unrestricted funds of £29,755 and restricted funds of
£91,341 at the end of the period.		 Review of the charity’s financial position at
the end of the period
Para 1.21
The charity had unrestricted funds of £29,755 and restricted funds of
£91,341 at the end of the period.		 Review of the charity’s financial position at
the end of the period
Para 1.21
The charity had unrestricted funds of £29,755 and restricted funds of
£91,341 at the end of the period.
Statement explaining the policy for holding
reserves stating why they are held
Para 1.22
The charity holds reserves to allow for fluctuations in cashflow and the
timing of incoming resources against the smooth delivery of its objectives.
This equated to 6months of unrestricted expenditure in the accounting
period.
Amount of reserves held
Para 1.22
Reasons for holding zero reserves
Para 1.22
Details of fund materially in deficit
Para 1.24
Explanation of any uncertainties about the
charity continuing as a going concern		 Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds Para 1.47 AfA’s income comes from the core member organization fees which is ~~es~~ (including any fundraising) based on a Tiered system. Few of the core member organizations provide

| Asia for Animals Coalition | Registered Charity: SCIO SC052485 | info@asiaforanimals.com | Page 10

OOQ ASIA FOR ANIMALS COALMON grants for the working groups and we apply to donors and foundations to raise funds. Investment policy and objectives including social investment olic ado ted A description of the principal risks facing the charit other Para 1.46 Para 1.46 Structure, governance and management Descri tion of chari 's trusts: Type of governing document.. for example. trust deed. memorandum and articles of association etc How is the charity constituted? for example limited company. unincor orated a55ociation. CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trust Deed Para 1.25 SCIO- Scottish Charitsble Incorporated Organisation Para 1.25 Refer Clause 25 to 28 of AfA Constitution for detsils Summary of selection process is as below'.- I. BM05 are elected from among the CMOS who are eligible to stand up for election Only CMOS whose org is eligible to be on the Board can Submit a person - ie eligible only if their CMO Tier would fall into Tier 1. 2 or 3 of the annual membership fees of a CMO out-with the period of their waiver l AsLq tor Arbkna15 Co31￿On l Regtstered Chartiy. SCK) SCO524851 inf 256aforanlmal&corTr I Page 11

  1. Eligible CMOs are collated and all CMOs are given one vote per CMO to nominate their chosen board member organization.

  2. Successful top 5 CMOs submit a person who they wish to be eligible for the vote to sit on the UK Board

  3. The member contact submitted by the elected organizations are then approved as the members / trustees of the Board for the three year term

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the
induction and training of trustees
Para 1.51
● Membership Code of Commitment
● Board spend Policy
● Privacy Policy
These three policies are specific to the Board members.		 Policies and procedures adopted for the
induction and training of trustees
Para 1.51
● Membership Code of Commitment
● Board spend Policy
● Privacy Policy
These three policies are specific to the Board members.		 Policies and procedures adopted for the
induction and training of trustees
Para 1.51
● Membership Code of Commitment
● Board spend Policy
● Privacy Policy
These three policies are specific to the Board members.
The charity’s organisational structure and
any wider network with which the charity
works		 Para 1.51 SCIO Two Tier Constitution
Clause 7 of the Constitution
The structure of the organization consists of:
a) The MEMBERS – who have the right to participate in Member’s
meetings, including any annual Member’s meeting, and have
important powers under the Constitution. Members may be one
of the following categories:
a) BOARD MEMBER ORGANIZATIONS (BMOs) –
representatives of which hold regular meetings and
generally control the activities of the Organization;

| Asia for Animals Coalition | Registered Charity: SCIO SC052485 | info@asiaforanimals.com | Page 12

OOQ ASIA FOR ANIMALS COALMON bl CORE MEMBER ORGANIZATIONS ICMOsl- who have the right to attend Members, meetings lincluding any annual Members. meeting) and have important powers (Decisions chart) under the Constitution.. and c) NETWORK MEMBER ORGANIZATIONS INMOS) - which are accepted into the Coalition on an ad hoc basis. They are not full Members of the Coalition. b) The BOARD - who hold regular meetings and generally control the activities of the organization. Each BMO shall nominate a person who will serve on the Board. as further set out at Clause 28. These persons shall act a5 the Charity Trustees. Relationshi other with an related artie5 Para 1.51 No Reference and admlnlstratlve detslls Chari name other name the chari uses Re istered charit number Charity s rinci al address Inde endent Examiner Asia for Animals Coalition AfA, AfA Coalition SC052485 W,arner Wilde Limited. 4 M.Iri old Drive. Bi:le Surre GU24 95F Trustee name Office lif any) Chairperson of the Board Date5 acted if not for whole Name of person lor body) entitled ear oint trustee lif an Core Member Organisations imals Asia Found,Ition l AsLq tor Arbkna15 Co31￿On l Regtstered Chartiy. SCK) SCO524851 inf 256aforanlmal&corTr I Page 13

Core Member Organisations Core Member Organisations Treasurer Core Member Organisations

Corporate trustees – names of the directors at the date the report was approved

~~P|~~ Director name n/a

Name of trustees holding title to property belonging to the charity

~~|~~ Trustee name n/a

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Declarations

| Asia for Animals Coalition | Registered Charity: SCIO SC052485 | info@asiaforanimals.com | Page 14

OOQ ASIA FOR ANIMALS COALMON The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees. CO-CEO CO-CEO Asia for Animals Coalition Asia for Animals Coalition Date: 2 December 2025 Date: 2 December 2025 l AsLq tor Arbkna15 Co31￿On l Regtstered Chartiy. SCK) SCO524851 inf 256aforanlmal&corTr I Page 15

ASIA FOR ANIMALS COALITION

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ASIA FOR ANIMALS COALITION

I report to the trustees on my examination of the financial statements of Asia for Animals Coalition (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

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.

Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Date: 3 December 2025

ASIA FOR ANIMALS COALITION

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
48,686
148,486
Charitable activities
4
28,247
-
Investments
5
28
-
Total income
76,961
148,486
Expenditure on:
Raising funds
6
290
-
Charitable activities
7
118,994
189,624
Total expenditure
119,284
189,624
Net income/(expenditure)
(42,323)
(41,138)
Transfers between
funds
28,121
(28,121)
Other recognised
gains and losses:
Other losses
12
(860)
-
Net movement in
funds
(15,062)
(69,259)
Reconciliation of funds:
Fund balances at 1 April 2024
44,817
160,600
Fund balances at 31
December 2024
29,755
91,341		 Total
Unrestricted
Restricted
funds
funds
2024
2024
2024
£
£
£
197,172
51,005
296,914
28,247
89,902
-
28
126
-
225,447
141,033
296,914
290
800
424
308,618
88,301
135,890
308,908
89,101
136,314
(83,461)
51,932
160,600
-
-
-
(860)
(7,115)
-
(84,321)
44,817
160,600
205,417
-
-
121,096
44,817
160,600		 Total
2024
£
347,919
89,902
126
437,947
1,224
224,191
225,415
212,532
-
(7,115)
205,417
-
205,417

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ASIA FOR ANIMALS COALITION

BALANCE SHEET

AS AT 31 DECEMBER 2024

2024
Notes
£
£
Current assets
Debtors
13
-
Cash at bank and in hand
191,770
191,770
Creditors: amounts falling due within
one year
14
(70,674)
Net current assets
121,096
The funds of the charity
Restricted income funds
17
91,341
Unrestricted funds
18
29,755
121,096
The financial statements were approved by the trustees on .........................
December 2, 2025		 2024
£
72,734
168,132
240,866
(35,449)		 £
205,417
160,600
44,817
205,417

Trustee

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Asia for Animals Coalition is a Scottish Charitable Incorporated Organisation.

1.1 Reporting period

The charity's financial statements for its first accounting period are presented for a period shorter than one year, The reason for using shorter period it to be able to move to the desired period end of 31 December in the next accounting period. As this is the first accounting period there are no comparative figures.

1.2 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

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, The principal accounting policies adopted are set out below.

1.3 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.

1.4 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.5 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.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.6 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.

1.7 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.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall 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.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2024 2024 2024
£ £ £ £ £ £
Grants 48,686 148,486 197,172 51,005 296,914 347,919

4 Income from charitable activities

Unrestricted Unrestricted
funds funds
2024 2024
£ £
Charitable activities
Membership Fee 22,352 85,798
Other income 5,895 4,104
28,247 89,902

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

5 Income from investments

Unrestricted Unrestricted
funds funds
2024 2024
£ £
Interest receivable 28 126

6 Expenditure on raising funds

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2024 2024 2024
£ £ £ £ £ £
Fundraising and publicity
Advertising 290 - 290 800 424 1,224

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Expenditure on charitable activities

Core
activities
FAC
activities
DACC
activities
SARCC
activities
SMACC
activities
Event
activities
APC
activities
2024
2024
2024
2024
2024
2024
2024
£
£
£
£
£
£
£
Direct costs
Staff costs
128,626
-
-
-
-
-
-
Consultancy
48,803
-
8,086
32,920
24,980
9,796
11,218
Travel and subsitence
8,920
10,025
699
617
1,668
-
233
Sundry
3,389
-
-
-
-
-
-
189,738
10,025
8,785
33,537
26,648
9,796
11,451
Share of support and governance costs (see note 8)
Support
10,946
-
-
-
-
-
-
Governance
7,692
-
-
-
-
-
-
208,376
10,025
8,785
33,537
26,648
9,796
11,451
Analysis by fund
Unrestricted funds
118,994
-
-
-
-
-
-
Restricted funds
89,382
10,025
8,785
33,537
26,648
9,796
11,451
208,376
10,025
8,785
33,537
26,648
9,796
11,451		 Total
2024
£
128,626
135,803
22,162
3,389
289,980
10,946
7,692
308,618
118,994
189,624
308,618

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Expenditure on charitable activities (Continued)
Previous Period: Core FAC DACC SARCC SMACC Event APC
Total
activities activities activities activities activities activities activities
2024 2024 2024 2024 2024 2024 2024 2024
£ £ £ £ £ £ £ £
Direct costs
Staff costs 77,351 - - - - - - 77,351
Consultancy 1,899 31,236 8,165 18,299 11,212 8,551 9,573 88,935
Travel and subsitence 3,154 12,296 94 - 618 - 1,869 18,031
Sundry 31,219 - - - - - - 31,219
113,623 43,532 8,259 18,299 11,830 8,551 11,442 215,536
Share of support and governance costs (see note 8)
Support 5,590 - - - - - - 5,590
Governance 3,065 - - - - - - 3,065
122,278 43,532 8,259 18,299 11,830 8,551 11,442 224,191
Analysis by fund
Unrestricted funds 61,702 - 8,165 18,299 34 - 101 88,301
Restricted funds 60,576 43,532 94 - 11,796 8,551 11,341 135,890
122,278 43,532 8,259 18,299 11,830 8,551 11,442 224,191

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

8 Support costs allocated to activities

Core activities
2024
£
Insurance
853
Accountancy
3,621
IT costs
6,472
Governance
7,692
18,638		 Total
2024
£
768
1,427
3,395
3,065
8,655

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

10 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2024
Number
4
2024
£
120,941
4,972
2,713
128,626
2024
£
-		 2024
Number
4
2024
£
68,841
6,175
2,335
77,351
2024
£
25,662

Key management personnel are described as CEO, Deputy CEO and Head of Programmes. The CEO started in January 2024 the Head of Programmes started in September 2023. The Deputy CEO was not on payroll but was a trustee between January 2023-December 2023.

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Other gains and losses

Gains/(losses) upon:
Foreign exchange
13
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Notes
Other taxation and social security
Deferred income
15
Other creditors
Accruals
15
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Movements in the year:		 Unrestricted
funds
2024
£
860
860
2024
2024
£
£
-
71,248
-
1,486
-
72,734
2024
2024
£
£
3,104
3,611
65,079
29,687
624
531
1,867
1,620
70,674
35,449
2024
2024
£
£
65,079
29,687
2024
2024
£
£
65,079
29,687		 Unrestricted
funds
2024
£
860
860
2024
2024
£
£
-
71,248
-
1,486
-
72,734
2024
2024
£
£
3,104
3,611
65,079
29,687
624
531
1,867
1,620
70,674
35,449
2024
2024
£
£
65,079
29,687
2024
2024
£
£
65,079
29,687
860
2024
£
71,248
1,486
72,734
2024
£
3,611
29,687
531
1,620
35,449
2024
£
29,687
2024
£
29,687

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15
Deferred income
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in the year
Deferred income at 31 December 2024
16
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 (Continued)
29,687
-
(29,687)
-
65,079
29,687
65,079
29,687
2024
2024
£
£
2,713
2,335		 (Continued)
29,687
-
(29,687)
-
65,079
29,687
65,079
29,687
2024
2024
£
£
2,713
2,335
29,687
2024
£
2,335

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources Transfers At 31
2024 resources expended December
2024
£ £ £ £ £
Sanctuaries and Rescue
Centers Coalition 48,398 - (33,536) (9,750) 5,112
Social Media Animal Cruelty
Coalition 30,836 28,433 (55,058) - 4,211
AfA Policy Coalition 25,058 6,422 (11,451) (16,601) 3,428
Farm Animal Coalition 56,308 107,262 (80,795) (10,037) 72,738
Dog and Cat Coalition - 6,369 (8,784) 8,335 5,920
Macaque Coalition - - - (68) (68)
160,600 148,486 (189,624) (28,121) 91,341

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

17 Restricted funds (Continued)
Previous Period: At 1 April Incoming Resources Transfers At 31 March
2023 resources expended 2024
£ £ £ £ £
Sanctuaries and Rescue
Centers Coalition - 59,979 (11,581) - 48,398
Social Media Animal Cruelty
Coalition - 73,533 (42,697) - 30,836
AfA Policy Coalition - 41,562 (16,505) - 25,057
Farm Animal Coalition - 121,840 (65,531) - 56,309
- 296,914 (136,314) - 160,600

The 2024 transfer from restricted funds represents expenditure that was incurred from restricted funds in the prior period but not recognised.

Funder restricted (average) 80% of their grant to be spent specifically on the working group programme they wish to fund to achieve the stated outcomes of that specific area of AfA, the following summary confirms which funders are supporting programmes.

Sanctuaries and Rescue Centers Coalition

Asia Wild

Social Media Animal Cruelty Coalition

HSI IPPL Lady Freethinker RSPCA UK SUST WTG TSPCA WAP IUCN SSN PSG Donations - crowd funder

AfA Policy Coalition Four Paws Int.

Farm Animal Coalition

Open Phil

ASIA FOR ANIMALS COALITION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

18 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 At 1 April Incoming Incoming Resources Transfers Gains and At 31
2024 resources expended losses December
2024
£ £ £ £ £ £
General funds 44,817 76,961 (119,284) 28,121 (860) 29,755
Previous At 1 April Incoming Resources Transfers Gains and At 31 March
Period: 2023 resources expended losses 2024
£ £ £ £ £ £
General funds - 141,033 (89,101) - (7,115) 44,817
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Current assets/(liabilities) 29,755 91,341 121,096
29,755 91,341 121,096
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Current assets/(liabilities) 44,817 160,600 205,417
44,817 160,600 205,417

19 Analysis of net assets between funds

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).