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

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International Fund for Animal Welfare (IFAW)
Company registered number 2701278
Notes to the financial statements
for the year ended 30 June 2011 (continued)
Grants paid to connected organisations:
International Fund for Animal Welfare, Inc. (United States) 4,450,674
International Fund for Animal Welfare IFAW in Action (United
Kingdom) 500,000
International Fund for Animal Welfare Inc./Fonds international
pour la protection des animaux Inc (Canada) 192,090
International Fund for Animal Welfare (Association incorporated under
section 21) (South Africa) 288,344
5,431,109
2011 2010
£ £
3,668,111
-
3,668,111
During fiscal year 2011 International Fund for Animal Welfare, Inc provided certain program, fundraising,
accounting, information technology and management support and services to IFAW Charity. These services, which
are reported as a component of institutional support and services, were provided at cost totalling £4,094,647
(2010: £2,708,121).
Contracts with Marine Conservation Research (“MCR”)
During fiscal year 2011, the Charity contracted with MCR, an independent UK-based marine management
company owned and operated by two former employees of the Charity, for research work and to maintain and
operate the Song of the Whale for research voyages. Under the terms of the contracts, the Charity paid MCR £183
thousand to maintain and operate the vessel and £270 for research work.
15 Movement in funds
Opening balance 8,209,043
Net movement in funds 2,586,496
Closing balance at 30 June 10,795,539
16 Funds
2011 2010
£ £
4,812,985
3,396,058
8,209,043
As part of the Charity’s overall reserves and risk management strategies, the Trustees may approve increases to the
Designated Fund in order to ensure program sustainability and improve diversification of financial resources.