Charity registration number 244534 (England and Wales)
Company registration number 00855624
ANIMAL WELFARE JAPAN LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ANIMAL WELFARE JAPAN LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Directors
Mr A. Crittenden (Chairman)
Mrs A. Hopkins
Ms N. Stewart
Mrs E. Yokoyama
Mr K Degenhard
Mr R Allen (Hon. Treasurer)
Ms H Kedie
Secretary
L Reeve-Daniels (Executive Officer)
Charity number (England and Wales)
244534
Company number
00855624
Registered office
Lyell House
51 Greencoat Place
London
SW1P 1DS
Independent examiner
Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
ANIMAL WELFARE JAPAN LTD
CONTENTS
Page
Directors report
1 - 2
Independent examiner's report
3
Statement of financial activities
4 - 5
Balance sheet
6
Notes to the financial statements
7 - 17
ANIMAL WELFARE JAPAN LTD
DIRECTORS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
page 1

The directors present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

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

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

Achievements and performance

Details of the activities of the charity may be found in the published Annual Report and Accounts for 2024.

Financial review

The overall deficit for the year was £165,484 (2023 deficit of £19,499) as set out in the Statement of Financial Activities on page 4 of the accounts.

Reserves policy

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

Public benefit

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

Investment policy and objectives

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

Future Plans

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

Structure, governance and management

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

 

Charity constitution

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

ANIMAL WELFARE JAPAN LTD
DIRECTORS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
page 2

The directors who served during the year and up to the date of signature of the financial statements were:

Mr A. Crittenden (Chairman)
Mrs A. Hopkins
Ms N. Stewart
Mrs E. Yokoyama
Mr K Degenhard
Mr R Allen (Hon. Treasurer)
Ms H Kedie

Recruitment and appointment of new directors

Directors are recruited following personal recommendation by a current director. All directors are provided with;

a) Model Job Description for a Director

b) Legal Duties of a Director, including completion of a declaration form and a supplementary Automatic Disqualification Declaration.

c) The "Essential Trustee" guidelines as issued by the Charity Commission

 

In addition standard job descriptions are provided for individual roles of Honorary Treasurer, Chairman and Company Secretary.

Organisational structure

Management of the Charity is conducted by a Board of Directors who meet five times per year and including the AGM.

All Matters arising are dealt with by the Board of Directors.

Key management remuneration

The Charity has part time employees and salaries are set based on market rates and reviewed annually.

Related parties and co-operation with the other organisations

Our main purpose is to provide grant aid and advisory support to the Japan Animal Welfare Society in Japan and other animal welfare projects in Japan upon receipt of grant applications, which are considered by our directors.

 

Grant aid is also provided to certain United Kingdom based charitable organisations in support of their specific animal welfare projects in Japan and which are in keeping with our aims and objectives.

In preparing this report the Council Members have taken advantage of the small companies exemption provided by section 415A of the Companies Act 2006.

The directors report was approved by the Board of Directors.

Mr K Degenhard
Director
Dated: 1 May 2025
ANIMAL WELFARE JAPAN LTD
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF ANIMAL WELFARE JAPAN LTD
page 3

I report to the directors on my examination of the financial statements of Animal Welfare Japan Ltd (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. 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

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

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
1-7 Station Road
Crawley
West Sussex
RH10 1HT
Dated: 9 May 2025
ANIMAL WELFARE JAPAN LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
page 4
Current financial year
Unrestricted
Unrestricted
Total
Total
funds
funds
general
Designated
2024
2024
2024
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
7,859
-
7,859
40,665
Investments
4
68,995
-
68,995
72,997
Total income
76,854
-
76,854
113,662
Expenditure on:
Raising funds
5
1,937
-
1,937
1,152
Charitable activities
Grants Payable
6
205,800
-
205,800
189,143
Animal Welfare Support
6
75,982
519
76,501
73,236
Total charitable expenditure
281,782
519
282,301
262,379
Total expenditure
283,719
519
284,238
263,531
Net gains/(losses) on investments
12
-
41,900
41,900
130,370
Net income/(expenditure)
(206,865)
41,381
(165,484)
(19,499)
Transfers between funds
197,236
(197,236)
-
-
Net movement in funds
9
(9,629)
(155,855)
(165,484)
(19,499)
Reconciliation of funds:
Fund balances at 1 January 2024
143,910
2,238,638
2,382,548
2,402,047
Fund balances at 31 December 2024
134,281
2,082,783
2,217,064
2,382,548

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

ANIMAL WELFARE JAPAN LTD
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
page 5
Prior financial year
Unrestricted
Unrestricted
Restricted
Total
funds
funds
funds
general
Designated
2023
2023
2023
2023
Notes
£
£
£
£
Income from:
Donations and legacies
3
40,665
-
-
40,665
Investments
4
72,974
-
23
72,997
Total income
113,639
-
23
113,662
Expenditure on:
Raising funds
5
1,152
-
-
1,152
Grants Payable
6
181,500
-
7,643
189,143
Animal Welfare Support
6
72,499
731
6
73,236
Total expenditure
255,151
731
7,649
263,531
Net gains/(losses) on investments
12
-
130,370
-
130,370
Net income/(expenditure)
(141,512)
129,639
(7,626)
(19,499)
Transfers between funds
197,713
(197,713)
-
-
Net movement in funds
9
56,201
(68,074)
(7,626)
(19,499)
Reconciliation of funds:
Fund balances at 1 January 2023
87,709
2,306,712
7,626
2,402,047
Fund balances at 31 December 2023
143,910
2,238,638
-
2,382,548
ANIMAL WELFARE JAPAN LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
page 6
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
14
138,016
138,735
Investments
15
1,937,390
2,095,490
2,075,406
2,234,225
Current assets
Debtors
16
12,229
21,726
Cash at bank and in hand
146,569
131,218
158,798
152,944
Creditors: amounts falling due within one year
17
(17,140)
(4,621)
Net current assets
141,658
148,323
Total assets less current liabilities
2,217,064
2,382,548
Income funds
Unrestricted funds
Designated funds
2,082,783
2,238,638
General unrestricted funds
134,281
143,910
2,217,064
2,382,548
2,217,064
2,382,548

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Directors on 1 May 2025
Mr K Degenhard
Director
Company registration number 00855624
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
page 7
1
Accounting policies
Charity information

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

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

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

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

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

1.2
Going concern

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

1.3
Charitable funds

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

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

Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

 

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

1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

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

 

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

 

Investment income is included when received.

ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
page 8
1.5
Expenditure

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

 

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

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

 

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

 

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

 

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

 

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

 

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

1.6
Tangible fixed assets

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

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

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

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

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

 

All assets costing more than £500 are capitalised.

ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
page 9
1.7
Fixed asset investments

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

1.8
Cash and cash equivalents

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

1.9
Financial instruments

The charitable company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

1.10
Taxation

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

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

1.11
Foreign exchange

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

1.12

Debtors

Other debtors are recognised at the settlement amount due.

1.13

Creditors

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

2
Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the 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.

Critical judgements
Depreciation of Land and Buildings

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

ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 10
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
2,966
3,910
Legacies
4,893
36,755
7,859
40,665
4
Income from investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Other income
67,763
-
67,763
72,287
-
72,287
Interest receivable
1,232
-
1,232
687
23
710
68,995
-
68,995
72,974
23
72,997
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Fundraising and publicity costs
Advertising
1,937
1,152
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 11
6
Expenditure on charitable activities
Grants Payable
Animal Welfare Support
Total
Grants Payable
Animal Welfare Support
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Direct costs
Grant funding of activities (see note 7)
205,800
-
205,800
189,143
-
189,143
Share of support and governance costs (see note 8)
Support
-
71,925
71,925
-
60,275
60,275
Governance
-
4,576
4,576
-
12,961
12,961
205,800
76,501
282,301
189,143
73,236
262,379
Analysis by fund
Unrestricted funds - general
205,800
75,982
281,782
181,500
72,499
253,999
Unrestricted funds - Designated
-
519
519
-
731
731
Restricted funds
-
-
-
7,643
6
7,649
205,800
76,501
282,301
189,143
73,236
262,379
7
Grants payable

Grants payable

Grants payable

2024
2023
£
£
Grants to institutions:
JAWS Tokyo
156,000
156,000
JAWS Tokyo Projects
3,000
3,000
JAWS Tokyo Branches
20,000
-
Animal Refugee Kansai (ARK)
-
10,000
Pacific Whale Fund
10,000
-
Julia Ward Bequest
-
7,643
E.I.A
10,000
10,000
IKAN (Iruka & Kujira A Network)
800
-
HEART Tokushima
6,000
2,500
205,800
189,143
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 12
8
Support costs allocated to activities
2024
2023
£
£
Depreciation
719
957
Salary Costs
50,943
39,082
Pension Costs
2,016
966
Equipment Rental
1,271
1,912
Rates
3,077
2,956
Insurance
1,902
1,806
Utilities
1,137
219
Repairs and maintenance
5,984
6,015
Printing, Postage & Stationery
2,311
4,621
Sundries
2,301
1,542
Travel
264
199
Governance costs
4,576
12,961
76,501
73,236
Analysed between:
Animal Welfare Support
76,501
73,236
2024
2023
Governance costs comprise:
£
£
Audit fees
4,020
3,840
Legal & Advisory costs
-
8,506
Bank Charges
556
615
4,576
12,961
9
Net movement in funds
2024
2023
£
£
Net movement in funds is stated after charging/(crediting)
Independent examination fees
4,020
3,840
Depreciation of owned tangible fixed assets
719
957
Other operating leases
1,271
1,912
10
Directors

Council members were re-imbursed travel costs and sundry costs and expenses in an amount of £1,091 (2023- £1,281 ) during the year.

ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 13
11
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Office Staff
2
2
Employment costs
2024
2023
£
£
Wages and salaries
50,943
25,301
Freelance costs
-
13,781
Other pension costs
2,016
966
52,959
40,048

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

There were no employees whose annual remuneration was £60,000 or more.
12
Gains and losses on investments
Unrestricted
Unrestricted
funds
funds
Designated
Designated
2024
2023
Gains/(losses) arising on:
£
£
Revaluation of investments
41,900
130,370
13
Taxation

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

ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 14
14
Tangible fixed assets
Freehold property
Fixtures, fittings & equipment
Total
£
£
£
Cost
At 1 January 2024
136,629
21,360
157,989
At 31 December 2024
136,629
21,360
157,989
Depreciation and impairment
At 1 January 2024
-
19,254
19,254
Depreciation charged in the year
-
719
719
At 31 December 2024
-
19,973
19,973
Carrying amount
At 31 December 2024
136,629
1,387
138,016
At 31 December 2023
136,629
2,106
138,735
No depreciation is provided on freehold property as the market value is substantially in excess of the book value and any depreciation charge would not be material.
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 15
15
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 January 2024
2,095,490
Valuation changes
41,900
Disposals
(200,000)
At 31 December 2024
1,937,390
Carrying amount
At 31 December 2024
1,937,390
At 31 December 2023
2,095,490
2024
2023
£
£
Investments at fair value comprise:
COIF Investment Fund Units
1,562,551
1,722,437
COIF Property Fund Units
374,840
373,053
1,937,391
2,095,490
Fixed asset investments revalued

The historical cost of the investments are £1,295,822 (2023: £1,379,785 )

16
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,959
21,326
Other debtors
270
400
12,229
21,726
17
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
17,140
4,621
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 16
18
Unrestricted funds - Designated

These are unrestricted funds which are material to the charity's activities.

At 1 January 2024
Resources expended
Transfers
Gains and losses
At 31 December 2024
£
£
£
£
£
Property Fund
138,060
(519)
-
-
137,541
Investment Fund
2,100,578
-
(197,236)
41,900
1,945,242
2,238,638
(519)
(197,236)
41,900
2,082,783
Previous year:
At 1 January 2023
Resources expended
Transfers
Gains and losses
At 31 December 2023
£
£
£
£
£
Property fund
138,791
(731)
-
-
138,060
Investment fund
2,167,921
-
(197,713)
130,370
2,100,578
2,306,712
(731)
(197,713)
130,370
2,238,638
19
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.

Movement in funds
Movement in funds
Balance at
1 January 2023
Incoming resources
Resources expended
Balance at
1 January 2024
Incoming resources
Balance at
31 December 2024
£
£
£
£
£
£
Julia Ward Bequest fund
7,626
23
(7,649)
-
-
-
The Julia Ward Bequest fund represents the funds and investments specifically held for the purpose of the bequest.
ANIMAL WELFARE JAPAN LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
page 17
20
Analysis of net assets between funds
Unrestricted funds
Designated funds
Total
2024
2024
2024
£
£
£
Fund balances at 31 December 2024 are represented by:
Tangible assets
476
137,540
138,016
Investments
-
1,937,390
1,937,390
Current assets/(liabilities)
133,806
7,852
141,658
134,282
2,082,782
2,217,064
Unrestricted funds
Designated funds
Total
2023
2023
2023
£
£
£
Fund balances at 31 December 2023 are represented
by:
Tangible assets
676
138,059
138,735
Investments
-
2,095,490
2,095,490
Current assets/(liabilities)
143,235
5,088
148,323
143,911
2,238,637
2,382,548
21
Related party transactions

Helen Kedie is both a director and the editor of the Animal Welfare Japan magazine. In the financial year, Helen received £805 (2023: £893) for her editorial services.

 

A grant of £10,000 was approved to Pacific Whale Fund. Robert Allen is Animal Welfare Japan's treasurer and presented the Pacific Whale Protection and Legal Personhood Project to the board. He carries out pro bono work for the organisation.

2024-12-312024-01-01falsefalseCCH SoftwareiXBRL Review & Tag 2024.2008556242024-01-012024-12-3100855624bus:Director12024-01-012024-12-3100855624bus:Director22024-01-012024-12-3100855624bus:Director32024-01-012024-12-3100855624bus:Director42024-01-012024-12-3100855624bus:Director52024-01-012024-12-3100855624bus:Director62024-01-012024-12-3100855624bus:Director72024-01-012024-12-31008556242024-12-31008556242023-12-31008556242023-01-012023-12-3100855624bus:FRS1022024-01-012024-12-3100855624bus:OtherReportingRegime2024-01-012024-12-3100855624bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP