ifaw-united-kingdom-charity-financial-statements-2010-2011

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International Fund for Animal Welfare (IFAW)
Company registered number 2701278
Trustees' report
for the year ended 30 June 2011
The trustees present their report and the audited financial statements of the charitable company for the year ended
30 June 2011.
Structure and Governance
International Fund for Animal Welfare (“IFAW Charity” or “the Charity”) is a private company limited by
guarantee, registered in England and Wales, and is registered as a charity with the Charity Commissioners of
England and Wales. IFAW Charity is based in London, and is part of a worldwide group of non-profit
organisations, which collectively comprise the International Fund for Animal Welfare (“IFAW”). IFAW has offices
in fourteen countries and supports animal welfare and conservation projects in more than forty countries around
the world. The mission of IFAW is:
To improve the welfare of wild and domestic animals throughout the world by reducing commercial
exploitation of animals, protecting wildlife habitats, and assisting animals in distress.
IFAW seeks to motivate the public to prevent cruelty to animals and to promote animal welfare and
conservation policies that advance the well being of both animals and people.
IFAW Charity was incorporated on 27 March 1992 in compliance with Companies Act 1985. Governance is by a
Board of Trustees and Memorandum and Articles of Association. The Board of Trustees (also referred to as the
“Directors” or “Board of Directors” or “BOD”) is comprised of members from several countries, three of whom
are residents of the UK.
Effective 8 August 2009, IFAW Charity changed its legal name from IFAW Charitable Trust changed to
International Fund for Animal Welfare. In addition, effective 15 July 2009, the Charity’s UK-based non-charitable
affiliate, International Fund for Animal Welfare (“IFAW UK”) (registered number 1556892) changed its name to
International Fund for Animal Welfare, IFAW in Action (“IFAW IA”).
Acquisition of activities
During the first quarter of fiscal year 2010, IFAW IA’s Directors resolved to transfer virtually all assets, liabilities,
human resources and operations of IFAW IA to IFAW Charity for no consideration in the form of an
unconditional grant. Following the transfer of net assets and activities, the IFAW IA will continue normal
operations in a limited capacity. Activities, such as those expressly prohibited by the Charities Commission, will
be maintained within the IFAW IA. The transfer, which was approved with an effective date of 30 November
2009, was completed during the fiscal year 2010. The total value of the net assets received was £764, 621.
Financial interactions between IFAW Charity and IFAW IA, are defined by a Framework Agreement approved by
the Trustees. The Charity maintains documentation of minutes and resolutions at its office. The Charity shares
office space and some administrative services with IFAW IA. These services are defined in the Framework
Agreement. IFAW Charity’s Trustees are charged with ensuring that the formula for that Agreement is regularly
reviewed for accuracy and representative apportioning. The apportioning methodology is reviewed periodically to
validate time and effort analysis. The methodology is maintained in the Charity’s Operating Manual. Records and
management documents are kept separately for the two organisations.
Objects and principal activities
The objects of IFAW Charity are to advance the welfare and conservation of animals throughout the world by:
• reducing commercial exploitation of animals,
• helping animals in crisis or distress,
• working to prevent cruelty and suffering to wild animals and domestic animals,
• protecting, conserving and preserving terrestrial and marine wildlife habitats, and
• educating policy makers and the public in respect of the foregoing.