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34<br />

International Fund for Animal Welfare (IFAW)<br />

Company registered number 2701278<br />

Notes to the <strong>financial</strong> <strong>statements</strong><br />

for the year ended 30 June <strong>2011</strong> (continued)<br />

The number of employees whose emoluments amounted to over ₤60,000 in the year was as follows:<br />

<strong>2011</strong> <strong>2010</strong><br />

£ Number Number<br />

70,000 - 80,000 1<br />

Contributions of £4,266 (<strong>2010</strong>:£nil) were made into pension schemes on behalf of the above employees.<br />

7 Trustees’ emoluments<br />

The Trustees received no remuneration in the period (<strong>2010</strong>: £nil). No expenses were reimbursed to Trustees<br />

(<strong>2010</strong>: £nil).<br />

Trustees are covered by indemnity insurance, the cost of which is incurred by the Charity’s US affiliate, and is<br />

included as a component of institutional support and services. The cost of such insurance was approximately<br />

£1,000 in fiscal year <strong>2011</strong> (<strong>2010</strong>: £1,000).<br />

8 Tangible Assets<br />

Leasehold Furniture and Computer Research<br />

improvements fixtures Equipment Vessel Total<br />

£ £ £ £ £<br />

Cost<br />

At 1 July <strong>2010</strong> 28,912 36,531 12,760 1,636,993 1,715,196<br />

Additions 6,500 7,316 - - 13,816<br />

At 30 June <strong>2011</strong> 35,412 43,847 12,760 1,636,993 1,729,012<br />

Accumulated<br />

depreciation<br />

At 1 July <strong>2010</strong> 245 12,450 5,802 672,986 691,483<br />

Charge for the period 2,940 11,702 2,609 109,133 126,384<br />

At 30 June <strong>2011</strong> 3,185 24,152 8,411 782,119 817,867<br />

Net book value<br />

At 30 June <strong>2011</strong> 32,227 19,695 4,349 854,874 911,145<br />

At 30 June <strong>2010</strong> 28,667 24,081 6,958 964,007 1,023,713<br />

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