Registered number |
ANIMAL DEFENDERS INTERNATIONAL | |
Report and accounts | |
Contents | |
Page | |
Company information | 1 |
Directors' report | 2 |
Statement of directors' responsibilities | 3 |
Independent auditor's report | 4 |
Profit and loss account | 6 |
Balance sheet | 7 |
Statement of changes in equity | 8 |
Notes to the accounts | 9 |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 7 | ||||||
Current assets | |||||||
Debtors | 8 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 9 | ( |
( |
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Net current liabilities | ( |
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Net liabilities | ( |
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Capital and reserves | |||||||
Profit and loss account | ( |
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Shareholders' funds | ( |
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Jan Creamer | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Going concern | ||||||||
The directors have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The directors have made this assessment in respect to a period of one year from the date of approval of these accounts. The directors have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors are of the opinion that the company will have sufficient resources to meet its liabilities as they fall due. In arriving at the conclusion, the directors have considered the potential implications of Brexit on the company. |
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Turnover | ||||||||
Financial Instruments | ||||||||
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow Group Companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangements constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method |
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Significant judgements and estimates | ||||||||
In the application of the company's accounting policies, the directors 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 |
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Tangible fixed assets | ||||||||
Plant and machinery | over 5 years | |||||||
Taxation | ||||||||
Provisions | ||||||||
Foreign currency translation | ||||||||
Leasing Agreements | ||||||||
Minimum lease payments under non-cancellable operating leases fall due as follows: |
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2023 | 2022 | |||||||
£ | £ | |||||||
Within oney year | 30,911 | 1,524 | ||||||
Between one and five years | 89,333 | 6,896 | ||||||
Pension costs and other post-retirement benefits | ||||||||
2 | Audit information | |||||||
Senior statutory auditor: | ||||||||
Firm: | ||||||||
Date of audit report: | ||||||||
3 | Employees and Directors | 2023 | 2022 | |||||
£ | £ | |||||||
Wages and salaries | 141,941 | 114,940 | ||||||
Social security costs | 13,068 | 11,350 | ||||||
Other pension costs | 5,557 | 9,196 | ||||||
160,566 | 135,486 | |||||||
Average number of persons employed by the company | 2023 | 2022 | ||||||
Number | Number | |||||||
Management and office staff | ||||||||
4 | Operating Surplus | 2023 | 2022 | |||||
£ | £ | |||||||
The operating surplus is stated after charging: | ||||||||
Depreciation - owned assets | 4,407 | 7,595 | ||||||
5 | Auditors' remuneration | 2023 | 2022 | |||||
£ | £ | |||||||
Fees payable to the company's auditors for the audit of the | ||||||||
company's financial statements | 10,547 | 3,536 | ||||||
6 | Taxation | 2023 | 2022 | |||||
£ | £ | |||||||
Analysis of the tax charge | ||||||||
The tax liability for the year ended 31 December 2022 relates to non trading income. | ||||||||
No liability to UK Corporation tax arose for the year ended 31 December 2021. | ||||||||
Reconciliation of total tax charge included in profit and loss: | ||||||||
The tax assessed for the year is lower than the standard rate of corporation tax in the | ||||||||
UK. The difference is explained below: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Surplus before tax | - 149,028 | 58,448 | ||||||
Surplus multiplied by the standard rate of corporation tax in the UK | ||||||||
of 19% (2021 - 19%) | - 28,315 | 11,105 | ||||||
Effects of: | ||||||||
Adjustments to tax charge in respect of previous periods | 28,320 | (11,105) | ||||||
Total tax charge | 5 | - | ||||||
7 | Tangible fixed assets | |||||||
Fixtures & Fittings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Additions | ||||||||
At 31 December 2023 | ||||||||
Depreciation | ||||||||
At 1 January 2023 | ||||||||
Charge for the year | ||||||||
At 31 December 2023 | ||||||||
Net book value | ||||||||
At 31 December 2023 | ||||||||
At 31 December 2022 | ||||||||
8 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Amounts owed by related parties | ||||||||
Prepayments | ||||||||
Other debtors | ||||||||
9 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Amount owed to related parties | ||||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
10 | Pension commitment | |||||||
Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
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11 | FINANCIAL INSTRUMENTS | 2023 | 2022 | |||||
£ | £ | |||||||
Financial assets Financial assets measured at transaction value |
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Financial liabilities Financial liabilities measured at transaction value |
167,917 | 172,263 | ||||||
Financial assets comprise cash at bank and in hand, trade debtors, prepayments, other debtors and amount owned from parent related party companies. Financial liabilities comprise trade creditors, accruals and amount owned to parent related party companies undertakings. | ||||||||
12 | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES | |||||||
At the balance sheet date, the Company owed £88,336 (2021: £118,388) to the directors. This is a non interest bearing loan given without any security. | ||||||||
13 | Contingent liabilities | |||||||
14 | Related party transactions | |||||||
NOTE: Donations/grants are only given by other ADI operations worldwide, to charitable operations such as ADI Foundation and ADI Wildlife Sanctuary, South Africa. THE NATIONAL ANTI-VIVISECTION SOCIETY LIMITED (Controlled by the same Board of Directors) During the year, the Company received a grant of £124,340 (2022: £304,943) from the The National Anti-Vivisection Society Limited. At the balance sheet date, the amount receivable from The National Anti-Vivisection Society Limited was £26,772 (2022:£31,803). ANIMAL DEFENDERS INTERNATIONAL INC. (Based in USA) (Controlled by the same Board of Directors) During the year, the Company made a grant of £Nil (2022:£Nil) to the Animal Defenders International Inc (based in USA). At the balance sheet date, the amount due to the Animal Defenders International Inc (based in USA) was £76,851(2022: £6,880). ANIMAL DEFENDERS INTERNATIONAL FOUNDATION (3 of the directors are also on the board of directors of the Animal Defenders International Foundation) During the year, the Company made a grant of £12,016 (2022: £35,435) to the Animal Defenders International Foundation. At the balance sheet date, the amount due from the the Animal Defenders International Foundation was £50,332. (2022: £2,752). ANIMAL DEFENDERS INTERNATIONAL WS SOUTH AFRICA (ADI WS South Africa is a registered charity in South Africa. It has five directors, four of which are also on the board of directors of the Animal Defenders International Foundation) During the year, the Company made a grant of £7,101 (2022:£115,051) to the Animal Defenders International WS South Africa. At the balance sheet date, the amount due from the Animal Defenders International WS South Africa was £nil (2022: £nil). |
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15 | Other information | |||||||
ANIMAL DEFENDERS INTERNATIONAL is a private company limited by guarantee and incorporated in England. Its registered office is: | ||||||||
Vox Studios North | ||||||||
1 Durham Street | ||||||||
London | ||||||||
England | ||||||||
SE11 5JH | ||||||||
16 | Auditor liability limitation agreement | |||||||
The company has entered into a liability limitation agreement with Kaiseer Nouman Nathan LLP, the statutory auditors, in respect of the statutory audit for the year ended 31 December 2023. The proportionate liability agreement follows the standard terms in Appendix B to the Financial Reporting Council's June 2008 Guidance on Auditor Liability Agreements, and was approved by the members on 4 January 2024. | ||||||||
17 | Capital commitments | |||||||
The company had no capital commitments at 31 December 2023 or 31 December 2022 |