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|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|
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|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|
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|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|
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|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|
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|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|
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||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|
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|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|
##
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|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|