| Note | Unrestricted Funds | Restricted Funds | 2025 Total | 2024 Total | |
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Donations and legacies | 2 | 9,135,857 | 9,719,666 | 18,855,523 | 11,548,495 |
| Other trading activities | 3 | 230,997 | - | 230,997 | 186,650 |
| Investment income | 4 | 145,947 | - | 145,947 | 177,287 |
| Total income | 9,512,801 | 9,719,666 | 19,232,467 | 11,912,432 | |
| Expenditure on: | |||||
| Raising funds | 5 | 5,398,643 | - | 5,398,643 | 4,022,165 |
| Investment management costs | 26,806 | - | 26,806 | 33,495 | |
| Charitable activities: | |||||
| CG1 To shift from factory farming to regenerative production | 2,726,200 | 370,157 | 3,096,357 | 4,256,420 | |
| CG2 To reduce reliance on animal products | 60,146 | 362,488 | 422,634 | 729,884 | |
| CG3 To achieve adoption of positive animal welfare as essential for sustainable climate and nature-friendly food | 2,604,534 | 4,762,536 | 7,367,070 | 7,220,587 | |
| Total expenditure | 10,816,329 | 5,495,181 | 16,311,510 | 16,262,551 | |
| Net losses on investments | 10 | (54,636) | - | (54,636) | (37,318) |
| Net Income/(Expenditure) | (1,358,164) | 4,224,485 | 2,866,321 | (4,387,437) | |
| Exchange rate movements | (139,098) | - | (139,098) | (37,419) | |
| Net movement in funds | 15 | (1,497,262) | 4,224,485 | 2,727,223 | (4,424,856) |
| Fund balances at 1 April | 4,726,150 | 1,673,187 | 6,399,337 | 10,824,193 | |
| Fund balances at 31 March | 15 | 3,228,888 | 5,897,672 | 9,126,560 | 6,399,337 |
The Statement of Financial Activities has been prepared on the basis that all activities are continuing. There are no recognised gains and losses other than those passing through the Statement of Financial Activities. The Statement of Financial Activities incorporates an income and expenditure account for the purposes of the Companies Act 2006.
40