2023-03-31-accounts

For the Year Ended 3	1 March 2023
		Page
Contents
Legal and Administrative	Information
Report ofthe Trustees		3to 10
Independent Examiner's	Report
Statement of Financial	Activities	12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Financial Statements		15to 20

For the year e	nded 31	March 2023
				2023	2023	2023	2022
				Unrestricted	Restricted	Total
					(re HS2)
			Note	E	E
Income from:
Donations and	legacies			542,670		542,670	307,108
Other trading	actiwties			23,126		23,126	26,374
Investments				15,949		15,949	7,356
Gift aid from subsidiary				23,500		23,500	17,000
Management	charge to	subsidiary		15,417		15,417	8,250
Charitable activities				67,591		67,591	43,995
Other				19,310		19,310	17,847
Tot aI Income				707,563		707,563	427,930
Expenditure
Raising funds				4,582		4,582	12,488
Investment management		costs		4,264		4,264	5,646
Charitable activities				315,701		315,701	274,263
Other				3,713		3,713	3,408
Total				328,260		328,260	295,805
Gains/(losses)	on investments:
Realised				(9,054)		(9,054)	613
Unrealised				(11,527)		(11,527)	(3,030)
Net income for the year				358,722		358,722	129,708
Transfer between funds				14,854	(14,854)
Net movement	in funds			373,576	(14,854)	358,722	129,708
Reconciliation	offunds:
Total funds brought forward				2,721,351	14,854	2,736,205	2,606,497
Total funds carried forward				3,094,927		3,094,927	2,736,205

As at31Mar	ch 2	02	3
					2023	2023	2022	2022
					E	E	E	E
				Note
Fixed assets
Tangible assets				12		562,467		420,900
Investments				13		296,179		316,869
						858,646		737,769
Current assets
Debtors				14	394,152		87,863
Cash at bank	and	in	hand		1,856,394		1,931,507
					2,250,546		2,019,370
Liabilities:
Creditors: Amounts			due within 1year	15	14,265		20,934
Net current	assets					2,236,281		1,998,436
Net assets						3,094,927		2,736,293
Total funds
Restricted funds		( re HS2)						14,854
Unrcstrictcd	funds					3,094,927		2,721,351
						3, 94,927		2,736,205

Border Collie Trust (Great Britain)
(A company limited by guarantee)
Cash Flow Statement
Forthe year ended 31March 2023
		2023	2022
		6	6
Cash flows from operating activities		20,770	120,697
Cash flows from investing activities
Purchase oftangible fixed assets		(154,400)	(3,500)
Sale of tangible fixed assets		3,542
Purchase of listed investments		(108,748)	(128,274)
Sale of listed Investments		103,455	143,912
Investment portfolio cash movement		-5,402	(11,943)
Investment income		15,949	7,356
Gift aid from subsidiary		23,500	17,000
Management charge		15,417	8,250
Net cash provided by investing activites		(95,883)	32,801
Change in cash and cash equivalents	during the year	(75,113)	153,498
Cash and cash equivalents at 01/04/2022		1,931,507	1,778,009
Cash and cash equivalents at 31/03/2023		1,856,394	1,931,507
Net income for the year as per SOFA		358,722	129,708
Adjustments for:
Depreciation		11,709	12,716
Losses on investments		20,581	2,417
Profit on disposal offixed assets		(2,418)
Investment mcome received		(15,949)	(7,356)
Gift aid from subsidiary		(23,500)	(17,000)
Management charge		(15,417)	(8,250)
(Increase)/decrease in debtors		(306,289)	10,659
Increase/(decrease) fn creditors		(6,669]	(2,197)
Net cash generated from operations		20,770	120,697

Donations	an	d legacies
				2022	2021
				E	f
Donations				162,261	136,164
Tax repayable		on gift aid		16,694	20,729
Coronavirus	lob Retention		Scheme		2,774
Legacies				363,715	147,441
				542,670	307,108

	Income from listed investments	Income from listed investments	4,155	1,950
	Bank interest		11,794	5,406
			15,949	7,356
5	Gift aid from subsidiary
	Gift aid from BCTEnterprises	Ltd	23,500	17,000

	Turnover			63,677	45,148
	Otherincome				3,971
	Expenses			24,333	23,514
	Management	charge due	to parent	15,417	8,250
	Net profit for	the year before charges		23,927	17,355
	Gift aid to parent			23,500	17,000
	Tax on profit	on ordinary	activities	81	67
	Retained profit or the year			346	288
	Net assets at	31March 2022		4 533	4,187
6	Income from	charitable	activities
	Rehoming fees			65,195	42,175
	Magazine subscnptions			1,713	1,650
	Other			683	170
				67,591	43,995

7	Charitable actlvites
			2023	2022
				E
	Kennel maintenance		20,472	14,524
	Wages and national	insurance	208,525	173,173
	Vets		7,624	3,212
	Motor and travel expenses		2,502	2,689
	Rates and insurance		11,329	9,333
	Directors and Officers insurance		939	939
	Heat and light		7,137	8,465
	Telephone, post and	stationery	5,960	2,311
	Advertising and promotion		8,866	16,573
	Bank charges		4,354	4,765
	Printing		3,385	3,642
	ITcosts		7,020	7,865
	Training		250	320
	Collie Care Fund		8,777	3,421
	Sundry expenses		3,198	2,891
	Professional fees		6,072	7,424
	Profit on sale of fixed assets		(2,418)
	Depreciation		11,709	12,716
			315,701	274,263

	Independent	examiner	examiner		3,700	3,395
	Companies	House			13	13
					3,713	3,408
9	Staff costs	and numbers
	Gross pay				198,173	162,215
	Employers	national	insurance		6,886	8,329
	Defined contribution		pension	contributions	3,466	2,629
					208,525	173,173

3 Investments
		2023		2022
			E	E
Listed investments			282,744	298,032
Investment portfolio	cash		12,435	17,837
Investment in subsidiary			1,000	1,000
			296,179	316,869
UK Listed investments
Market value at 1April 2022			298,032	316,087
Additions at cost			108,748	128,274
Sale proceeds		(103,455)		(143,912)
Realised gains/(loss)	on disposal		(9,054)	613
Net unrealised gains/losses			(11,527)	(3,030)
Market value at 31March 2023			282,744	298,032
Historic cost			305,659	316,456
Listed investments include the foilowmg matenai		holdings,	which represent
more than SN ofthe	total portfolio value:

more t	han SN ofthe tot	al portfolio value:
						Market	Market
						value	value
						31/03/2023	31/03/2022
						E	E
29,475	CT Responsible	Global Equity 8 (Acc)				25,042
24,725	Eden Tree Responsible &Sustainable		Sterhng bond (2022- 28,010)			23,862	30,644
30,627	Eden Tree Responsible &Sustainable		Short	dated Bond		28,649
12,518	F P Foresight UK	Infrastructure Income A (Acc)				15,694
17,762	Janus Henderson	US Sustainabfe Equity	5 (Acc)			17,922
7,294	Schroder Global	Sustainable Value Equity Fund			I (Acc)	24,113
20,790	Threadneedle UK Social Bond I Acc (2022 -			25,921)		25,589	33,862
2,277	V,'elllngton Global Impact Bond N Acc		(2022- 2,628)			22,162	27,189
3,091	BMO Responsible	Global Equity Class	2 acc				20,524
5,947	Baillie Gifford Positive Change 8Acc						16,479
2,993	Janus Henderson	Global Sustainable Equity		I			17,077

14 Debtors
				2023		2022
				E		F.
Amount due from		subsidiary		33,919		33,919
Legacies				328,122		17,278
Gift aid due from		subsidiary		23,500		17,000
Tax repayment				1,950		5,558
VAT						725
Management	charge due from subsidiary					8,250
Accrued income				5,136		4,137
Prepayments				1,525		996
				394,152		87,863
15 Creditors
Creditors and	accruals			9,733		17,174
PAVE and national		insurance		2,650		3,296
Defined contribution			pension	693		464
VAT				1,189
				14,265		20,934
16The assets	and	liabilities ofthe Charity are represented			by the funds as detailed:
				Total	Restricted	Unrestricted
				2022	Funds	Funds
				E	E	E
Tangible assets				562,467		562,467
Investments				296,179		296,179
Debtors				394,152		394,152
Cash at bank and in		hand		1,856,394		1,856,394
Creditors: Amounts		due	within 1year	(14,265)		(14,265)
				3,094,927		3,094,927
				Total	Restricted	Unrestricted
				2022	Funds	Funds
				E	E	E
Tangible assets				420,900		420,900
Investments				316,869		316,869
Debtors				87,863		87,863
Cash at bank and in		hand		1,931,507	14,854	1,916,653
Creditors: Amounts		due	within 1year	(20,934)		(20,934)
				2,736,205	14,854	2,721,351