30 ANNUAL REVIEW 2022
TOGETHER FOR ANIMAL WELFARE
Summary financial statement
Contributions
and donations
£42.6m (2021: £43.2m)
Legacy income
£86.2m (2021: £90.9m)
Charitable activities
£8.0m (2021: £7.6m)
Gain on disposal of fixed assets
£7.6m (2021: £2.7m)
2022 Income
Other income
£4.6m (2021: £4.7m)
Investment income
£2.8m (2021: £2.0m)
Furlough income and fees
£0.3m (2021: £0.7m)
Total income
£152.1m
International
£0.6m (2021: £0.7m)
Education
£1.2m (2021: £2.0m)
Prosecutions/legal
£3.4m (2021: £2.6m)
Field animal welfare
£85.9m (2021: £76.1m)
2022 Expenditure
Cost of raising funds
£22.3m (2021: £22.2m)
Campaigns,
communications
and publications
£4.5m (2021: £3.5m)
Support to branches
£7.3m (2021: £7.0m)
Science
£1.5m (2021: £1.4m)
Total expenditure
£126.7m
The consolidated net income of £15.8m generated in 2022 (2021: £44.4m) reflects the positive journey towards the longterm financial
sustainability of the organisation. Sustained high levels of income from legacies and donations, together
with one-off gains from the sale of property assets, were able to offset the growth in our spend on charitable activities
following a return to expected levels of activity post-pandemic, and losses on investments in uncertain financial markets.