
	Annual Review 2004

The PETA Research and Education Foundation (PREF), a registered United Kingdom charity, focuses on developing and distributing unique research and educational materials. In the past year, PREF attended seven education shows from Torquay to Glasgow, giving out more than 8,000 packs, and sent out another 15,000 packs, free of charge, to teachers all over the world. PREF also launched a Web site for teachers and pupils, AllAboutAnimals.org.uk, which offers resources, ideas and templates for lesson plans and school projects that encourage kids to respect and have compassion for animals. For more information, please contact the PETA Research and Education Foundation.

Financial Statement

REVENUES
Donations and legacies	£ 139,721
Interest and other income	£ 660
Donation from PETA Europe Limited	£ 70,000
Total Revenues	£ 210,381

OPERATING EXPENSES
Schools project direct costs	£ 61,119
Grants	£ 33,550
Support and management costs	£ 70,468
Total Operating Expenses	£ 165,137

SURPLUS FOR THE YEAR	£ 45,244
Net Assets Beginning of Year	£ 205,635
Net Assets End of Year	£ 250,879

OPERATING EXPENSE ALLOCATION
Direct Program Support	86.72%
Indirect Program Support	13.28%

The financial information given here is a summary extracted from the PETA Research and Education Foundation audited financial statements for the year ended 31 July 2004. The auditor’s report was unqualified. A copy of the financial statements has been submitted to the Charity Commission and Companies House.

The summarised financial information may not contain sufficient detail to allow for a full understanding of the charity’s financial affairs. For further information, the full annual financial statement, the auditor’s report on those financial statements and the trustees’ report should be consulted. Copies of these can be obtained from the charity
at PO Box 36678, London SE1 1YE; 020 7378 0363.