FRIENDS OF ANIMALS LEAGUE
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a net deficit of £119,282, a reversal from the previous year's surplus, driven by increased veterinary costs and staff salaries. Per the trustees' report, unrestricted reserves of £1,502,873 remain in a secure financial position, significantly exceeding the stated policy target of three months' expenditure. The trustees acknowledge the unpredictability of legacy income and are actively pursuing diversification strategies to ensure long-term sustainability.
What the accounts disclose
“The policy ensures we retain reserves equivalent to 3 months expenditure with minimum liquid reserves of £275,000.” — page 6
“The charity engaged with T Kilsby, the brother-in-law of a trustee, in relation to the provision of labour services. Expenditure in the year was £Nil (2023: £1,560) with a balance of £Nil (2023: £Nil) owed by the charity as at 31 December 2024.” — page 33
“C Vernon, the mother of a Trustee, was reimbursed for £Nil (2023: £1,221) relating to expenses incurred during volunteering duties. There is no balance owed at the year end.” — page 33
“The charity engaged with T Kilsby, the brother-in-law of a trustee, in relation to the provision of labour services. Expenditure in the year was £Nil (2023: £1,560) with a balance of £Nil (2023: £Nil) owed by the charity as at 31 December 2024.” — page 33
“C Vernon, the mother of a Trustee, was reimbursed for £Nil (2023: £1,221) relating to expenses incurred during volunteering duties. There is no balance owed at the year end.” — page 33
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Paul Dewdneychair
- CHARLES JOHNSTON
- Cheryl Vernon
- ELIZABETH ALICE CORDINGLEY
- Julie Elizabeth Bowden
- Nicolas Bennett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.5m |
| 31/12/2023 | £1.4m | £1.4m |
| 31/12/2022 | £1.1m | £1.2m |
| 31/12/2021 | £1.5m | £1.1m |
| 31/12/2020 | £812k | £991k |
Common questions
Is FRIENDS OF ANIMALS LEAGUE financially healthy?
The accounts state that the charity ended the year with a net deficit of £119,282, a reversal from the previous year's surplus, driven by increased veterinary costs and staff salaries. Per the trustees' report, unrestricted reserves of £1,502,873 remain in a secure financial position, significantly exceeding the stated policy target of three months' expenditure. The trustees acknowledge the unpredictability of legacy income and are actively pursuing diversification strategies to ensure long-term sustainability. Its FY2024 accounts were audited by Kreston Reeves LLP.