VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 1125 Registered number: 02376162 Charity number: 1062441 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 2125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) CONTENTS Page Roference and administrative details of the company. its Trustoes and advisers Trustees, report Indepeiideiit ¢xamiiieT'S report Statement of financial activities 10 Balan¢& sheet Statement of cash flows 12 Notes to the financial statements 13-23
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 3125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees Mr W S Thomton, Board Chair Mrs C 8aroni-Pretsch, Vice Chair (Elected VI Chair 22nd September 2022) Mr S Tanoue, Treasurer ITreasurer from 3rd June 2022} Mr T Slafford, Chair Standards Committee Ms C Turc {Vice Chair Retired 22nd September 20221 Mrs K Hayes (Treasurer, resigned 3rd June 20221 Mrs C Bellninger. Chair Communications Committee Mr A Bouissou lelecled 22 September 20221 Mr D Cleaver (elected 22 September 20221 Company registered number 02376162 Charity registered number 1062441 Registered office Hillfields, Reading Road Burghfield Common Reading Berkshire RG7 3YG Company secretary Mr D Maynard Chairperson Mr W S Thomton Accountants James Cowper Kreston Audit Chartered Accountants Reading Bridge House George Street Reading Bertshire RG1 8LS Page 1
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 4125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees Iwho are also Directors of the charity for the purposes of the Companies Act) present their Annual Report together wth the financial Statements of the Intemation Guide Dog Federation (the company) for the year ended 31 December 2022. The Trustee5 confirm that the Annual Repjrt and financial sLitements of the company comply with the current slalutory requirements, the requirements of the compan5 goveming document and the provisions of the Statement of ReGommended Practice lkniORP), appliGable to Gharities preparing their aGcounts in aGcordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its goveming document. a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies ACL Nomination and appointment of Trustees The Board of the International Guide Dog Federation is a representative and goveming k>gdy that resc4ves current issues. oversees Committee and Working Group activities, sets standards, approves new and continuing members. and develops and monitors strategic plans for the future of the Federation. The members at the Annual General Meeting elect the Directors of the International Guide Dog Federation. The term of office is for a period of four years, or as deterniined by resignation. The Directors rnay stand for tsvo consecutive four-year terms on the International Guhde Dog Federation Board, thereafter they musl stand down for a minimum of tsvo years. The Board elects the Chairperson and officers and appoints Committee Chairs and other such like Officials as required. Board rneeting5 The Board met thirteen times during 2022. Organisational structure The Board of the Intemational Guide Dcg Federation has appointed five working Committees.. The Finan Committee, Accreditation Committee. Development Committee, Communicats'ons Committee, and the Education Committee. The objectives of the Federation are achieved through the work of these committees. The Company Secretary is accountable to the Chairperson and is responsible for the general administration and company secretarial dulles. The Chairperson conducts meetings with the Company Secretary on at least a monthly basis. Tha Accrediiation Commillea IACI - Chaired Susan Armstrong (United States). members.. Minna Leppaia {Finlandl appointed January 2022, Chris Muldoon (United Kingdom) until September 2022, David Grice {United Kingdom), and Paul Adrian IAu5tralia). The AC has between three and six technical-expert committee members from around the world. including a Chair appointed by the Board. Ongoing and regular liaison wth the IGDF Board is directed through the Committee Chair. A Board member is appointed by the Board to liaise with the Committee Chair. This committee is responsible for establishing and monitoring the technical standards of member organisations. The committee utilises around trwenty experienced Guide Dog Mobility InstrLtctors as Assessors to conduct assessments of organisations. Organizations, accreditations take place every fNe years to ensure compliance wqth the IGDF Standards. The AC meets in person once a year and conduct monthty teleconferences to review the poliaes and procedures of the accreditation process. The committee reviews the completed assessment reports submrtted by the IGDF Assessors. Page 2
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 5125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 The Development Committee (DCI- Chaired by Ivana Merryman Boncori {Denmark, retsred September 20221. and then succeeded by Lukas Franck (United Stales). The DC members are Jane Bradley (Australia}, Julijana Malesic (Taiwan), Zuhey Medina-Gonzalez (United Stales. appointed September 2022, Lee Stanway (United Kingdom), and Bob Proesmans (Belgium retired September 20221. The DC works with member organisations to advise them on development and improvement plans when requested by the Board or AC. The DC is comprised of Ihree lo five members Mqth global expeiience in the guide dog industry, including a Chair appointed by the Board. Ongoing and regular liaison wrth the IGDF Board is directed through the Committee Chair. The DC meets monthly wa teleconference and in person once a year. The DC has professional and technical communication wqth members to assist with their future development. The DC also a(fvises Applicant Organisatsons (those seeking lo apply for membership), as well as Enquiring Organisations (those formalty working towards accredited membership) in starting up their organisations. The DC provided SUPf4)rt to nine Enquiring Organisations. tsventy- Applicant Organisations and one Memkr Organisation. The DC also reviewed and updated annual report forms. guidance notes. documentation and processes relating to the provision of development support. The Standards Committee ISC) Chaired by Tim Stafford. This is a new committee still in the eaty stages of planning prior lo recruiting committee members. The SC will take over the responsibilty for relemng the standards from the AC, leawng the AC free to focus on monitoring compliance of those standards Mithin the membership. The SC is intended to lead the further development of IGDF for example considering becoming an ISO 17065 Accredited certification bcxjy. The Finance Comrnittee {FCI Chaired by Seishi Tanoue {Japanl members Christine Benninger IUSAI and Dale Cleaver {Auslralial. The Committee develops policies and reviews monthly. the finances of the organization. The committee overseas budgets, monthly accounts, the audit & annual report. Tho Communication Committeo ensures that memtrer organisations are kepl up to dale with the activities of the members and the IGDF Board, through the Visionary magaane. the website. and E-News. This committee is comprised of Chair Christine Benninger (USA). Antoine Bouissou (France) and John Welsman (United Kingdom). The Education Cornmittee - CTrchaired by Christine Baroni-Prelsch Ismqtzerlandl and Tim Stafford {United Kingdom). Succeeded by Paul Adrian IAustralia} September 2022. Committee members. Lukas Franck (United States), Lee Buckingham (Australial and Sam Tawada lJapanl- The Education Committee develops and maintains a comprehensive curriculum, and highsuality training resources for the educatton of Guide Dcg Mobilty Instructors and Guide Dog Trainers for IGDF member organisations. The Education Committee reviewed and updated the GDMI Cuuiculum in 2022. This is a valuable resource for member organisations. A major project undertaken by the EC has been the Moodle Project, a project lead by Guide Dogs Queensland {Australia) to develop an online training plarform for Guide Dog Mobility Instructors and Guido Dog Trainors. Page 3
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 6125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 OBJECTIVES AND ACTIVITIES The vision of the International Guide Dog Federation is to create a world in which people who are blind or have low v7sion can access high¥4ualty guide dog seNce$ to Iwe lrfe on their terms. The mission of the International Guide Dco Federation is lo Supp its members in their efforts lo encourage and advance the provision of guide dogs as a safe means of independent mobility for people who are blind or have low vision. The IGDF has continued to deliver the strategy.. -Slrengthening Connections". This work was based on Ihe resLtIts of a comprehensive member sutvey and was facilitated by Space2BE Limited, a London-based strategy consultancy with expertise in the charity sector. The new strategy was launched in Wil 2021 and reviewed during the first half of 2022. The strategy is based on five pillars. Individual projects and initiatives have been developed to implement each of these key areas. The strategic pillars, each supported by specrfic objective5. are.. Govemance and Sustainability- A dynamic, professional, and financially secure organisation wth the necessary resoLtrces and processes to delwer high-quality member benefits over the long-temi. Global Standards. Provide a global standards tramework, for guide dog services to benefit all users, dogs. employees. and volunteers. Global Influencer. We will be knomn as the Yhought leaderf. and the"global experv. for guide dcgs, welfare. and service standards. Communication and Engagement. Develop accessible internal and external marketing and communications to support mombor ongagomont and onhanco global influ•nc•. Education. Inspire the development of organisational capability throLEgh the sharing of innovative expertise and knowledge and the provision of professional development. During 2022 the IGDF continued to review and refine the govemance framework. including policies. pr(Kedures. and committee temis of reference. New policies were developed and adopted. During 2022, the IGDF contributed actively lo the cENc4s2 project to develop European standards for guide and assistance dogs. The revised IGDF Standards took effect from 1st January 2022. Both the AC and DC continued to work together to help member organisations achieve full compliance with the revised Standards. In response lo Covid-related travel restrictions, IGDF developed a robust process for conducting assessments remotely using digital technology. Several exists.ng and new organisatsons viere assessed using this process during 2022. During 2022. the IGDF membership stood at 97 members from 33 drrrerent countries. One member withdrew their membership, two members merged, and we approved one new member organisalion. Main activiti8s undertaken to further the charity's purposes for tho public benefit Sotting our objoctivos and planning our acts'vitios tho Trustoos hava givon, car•ful considoration to tho UK Charity Commission's general guidance on public benefit. Access to services of the International Guide Dcxj Federation is open lo all relevant agencies and organisations meeting or aspiring to meet the IGDF standards and, through them. provide high qLsality guide dog services to people who are blind or have low Msion across the wodd. Under the guidance of the IGDF Intemational Standards, in 2022. member organizations collectively managed over 22.000 working guide dog teams and graduated over 2.000 new teams. Volunteers The Board, Committee members, and Assessors are all volunteers and receive no payment for their work, apart from the reimbursement of expenses. The members of the lnlemab.onal Guide Dog Federation do have, and work Mqth, volunteers in their own respective countnes. There are more than 33,000 volunteers IhroughoLrt the worfd who work Mqth the MeMr organisalions of the Intematsonal Guide DCYJ Federation. They play a key role in assisting in the breeding and raising of dogs wth professional staff oversight. Page 4
VYbJsk9unurnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 7125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 ACHIEVEMENT AND PERFORMANCE Internal and external factors Internal and exlemal factors that can affect the International Guide Dog Federation's achievements and performance are.. the quality of its Board and its staff the extent of collaboration behveen member organisations the availability and competence of Assessors the emergence of alternative guide dog or assistance dog standards implementation of the Strategy changes lo Government legislation or guide d(0 funding models in member countries significant changes to the outcome of fundraising activities of members disiuplion to international travel. such as that resulting from pandemics FINANCIAL REVIEW Operating revenue for the year ended 31 December 2022 was £96,687 compared to £160,278 in 2021. The 2021 revenue included a bequest of £70,000 from Mrs Mary Herbert. 2022 expenditure was £123,669 12021.. £125,582 giving an operating deficit of £25.664 12021.. surplus £35,313)- Total revenue for the year which includes investment and restricted income was £130,70812021', £173,984}. 2022 saw a net investsnenl valuation loss of £63,757 cc4mpared to a net investment valuation gain of £29.716 in 2021. The overall loss for 2022 was £56,718. The overall surplus for 2021 was £78,118. The financial position of the organisation remains strong wf(h cash in hand of £293,36512021'. £254,436) and an investsmenl fund balance of £578.94112021.' £620,673) for a total of £881.220 {2021= £937.9381 at the end of the year. Reserves policy The reserves policy of the Intemational Guide Dog Federation ensures the maintenance of free and unencumbered financial reserves of a level judged by the Board to be appropriate to ensure continuity of core operations and activity for the forthcoming two-year period. The Finance Committee prepares an annual budget, which is approved by the Board before the beginning of the relevant financial year. In Juty 2021, the Board transfeffed £300,000 to the IDntemi investsment in Schroders Mutti-Asset Charity Fund. This money had been designated lo fund the development of an international ISO Standard for guide and assistance dogs. However, this project was discontinued in April 2021. These funds Mqll now be redirected to fvrther develop and strengthen recognition of the IGDF Standards Intemationally. The IGDF is currently working with the United Kingdom Accreditation Service {UKASI lo achieve this. On completion of accreditation by UK4S, the IGDF will become an accredited certrfication body under ISO 17065. The Intemational Guide Dog Federation currently has cash funds of £293,365 wthich trustees believe are more than suffiaent to cover the requirement of the ReseeS Policy and still provide sufficient resources lo suppc41 the ambiti$ wthin the five strategic goals which in¢ludes increasing our staffing levels. In November 2022, the Board approved the investment of £150,000 in the Sehroders Charity Multi Asset Income Fund. This is a unit trust investment designed to generate dividend income. Dimdend income will be drawn down and used to support the organisation's charitable activities. The continued disruption to intemational travel during 2022, meant that IGDF spent much less on accreditation visits than expected. The global pandemic significantly affected IGDF'S income during 2022. This was due to smaller number of guide dogs being produced by IGDF member organisations during 2021, resulting in lower member fees. In response to this significant drop in income, IGDF undertook a detailed review of the membership fee structure during 2022. A new fee structure was developed, based on member organisation revenue rather than the number of guide dogs trained. This spreads the cost of running the organisation more equitably among the Page 5
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 8125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 members and reduces IGDF'S dependence on the team fee income of a small number of the largest members. The new fee structUTe was announced in September 2022 and is effective from 1st January 2023. The Board believes that the new fee structure will generate a more stable and sustainable revenue to allow the organisalion to deliver the current strategic plan. This was the firsl review of membership fees since 2012. 2022 was the first full year of the new staffing structure. Higher staffing costs, the resumption of international travel and continued lower income due to the pandemic meant that IGDF operated at a deficit during 2022 as predicted. The operating deficit was £25,664. There was also a significant market valuation loss of £63.757. Rostricted funds Derek Freeman Scholarship In a career with Guide Dogs UK. spanning 30 years. Derek Freeman was responsible for breeding and raising around 20,000 puppies. William Thornton (Brit15h Columbia Guide Dog Service51 and Paul Keymer (Minnesota Guide Dog Breeding Centrel established the Derek Freeman Scholarship in his memory. The Derek Freeman Scholarships are funded through donation. The funds are held separately from other IGDF finances, and it is from this specrfic fund that grants are made. Grants are in the range of up to £2,500 and are awarded biennialty tr) staff of Member and Applicarrt organisations of the International Guide Dog Federation. Scholarship funding supports travel, accommodation, and study at host organisations during visits designed to assisl the applicanvs continuing education in the field of guide (k)g breeding and puppy raising. Ken Lord Award This Award was established by the IGDF Board in 2001 to recognise the lrfelime commitment of Ken Lord tr) the international guide dog movement. Ken Lord was one of the co-founders of the International Guide D Federation and seNed as its Chair. Nominees for this award must have been working within the international guide dog movement for at least 25 years to be eligible for the award. The award is normally presenled at Ihe IGDF biennial conference. The Ken Lord Award is a recognition award and has no financial comwnent. Principal funding sources Member 5ub5criplions based on guide dog team numbers as well as fees for member as5essment5 cyjntinue to be the principal funding sources. Investment Policy IGDF investment policy has kn goals; Provide Income to carry out IGDF purposes in the short term. Maintain and enhance the value of the invested funds lo enable IGDF to carry out its purposes in the long term. To protect the real capital value over the long-lerm lthilst generating a stable distribution. Tho Invostrmant Policy is roviowod annually by th• Board Page 6
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 9125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of International Guide Dc>J Federation f( the puwes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi1. Company law requires the Tnjslees to prepare financial statements for each financial year. Under company law the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing these financial slalements, the Trustees are required to- select suitable accounting policies and then apply them consistently., observe the methods and principle5 in the Charities Statement of RecommerKled Practi., make judgements and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company wll continue in operation. The Trustees are responsible for keeping adequate accounting records that are suffiaent to show and explain the charrtable company's transactions and disdose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 7
VkiuaBunatLnTrarffjxlvM Ref. eK3H4QcWm72 19 May 2023 12..42..S3 88T{UTC +11 D 111 P 10r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 CHAIR'S REPORT The Board undertcok a review of the current strategic klan "Strengthening Conneclions" in earty 2022. The remew work was reflective of the feedback from our detailed membership suThey. undertaken by UK-based strategy consuttants Space2BE. This resulted in refinements to the strategy. which were presented to members at a webinar in June. The Board met in person for the first time since befofft the pandemic in May in Vancouver, Canada. We also had a joint meeting wth the Board of Assistance Dogs Inlemalional IADII. Discussions were held to explore potential further collaboralK)n belween the Iwo charities. Many important areas for future collaboration were identified, including acce5S to webinars. drawng up a new Memorandum of Understanding. access to each other's conferences. and the alignment of our international standards. This active collaboration beeen the leading global organisations for guide and assistance dogs will facilitate the charilable objectives of both organisations and those of our respective mernber5. The Accredrtaknon Committee. under challengiThJ conditions. Successful conducted 23 remote accreditations during 2022, including accreditations for 3 new members. This robust proce55 enabled IGDF to continue to monitor compliance with the IGDF Standards. My congratulations to the AC and the assessors who made this possible. During 2023 aCcred1LIOnS wll once again be conducted on sile as per our normal prccess. The DC has continued to see demand for their services and has assisted 1 IGDF member, 22 Applica Organisations and 9 ETh4uiring Organisations. The Communications Committee has continued to work on ensuring all IGDF organisations are kept up lo date on the latest news, primarily through E-News {9 issues) and Visionary magaane {3 issues). At least one webinar was held each month. in addrtjn to interactive online nefvrkIng events_ A major review of website content was undertaken during the year and a Social Media Strategy was developed and approved for implementation during 2023. The Education Committee continued to Work closely wth Guide DJ$ Queensland to develop an online training plafform for Guide Dog Mobilty Instructors and Guide Dog Trainers. The plattom underwent extensive user testing late 2022 and will be launched early 2023. At the end of 2022 IGDF has.. 97 Member Organisations- 33 Countries 5 Affiliate Organisations 18 Applicant Organisations 7 Enquiring Organisations The Standards Committee continues to explore the risks and opportunrtie5 of becoming a fomal certtficati¢ On behaw of the Board and the members of the IGDF, I would like to thank our IGDF volunteer5. As a member driven organizalion. we simply cannot fuffil our mission and objectives wlhout their 5UPPOrt. Their dedication and attention to detail is extraordinary, during these difficult conditions. I would also like to thank kn fomier Board members who have retired. chriStir Turc {Francel and Karen Hayes (Australia) both made an important contribution to IGDF over many year5. 1 would alyLJ like to thank our office hosts, Guide Dogs UK for their outstanding support. Lastly, thanks to our professional team in the UK, David Maynard and Clare Prrichett for their (liligence, guidance, and support. Approved by order of the members of the board of TDJslees and signed on their behalf by. Mr W S Thornton Dale= 19 May 2023 Page 8
VYbJsk9unurnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 p Iir25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Independent Exarninerfs Report to the Trustees of International Guide Dog Federation (lhe companrf) report lo the charity Trustee5 on my examination of the account5 of the company for the year ended 31 December 2022. Responsibilities and Basi5 of Report As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accoLtnls in accordance wqth the requirements of the Companies Act 20061'the 2006 Act'i. Having sisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for IndeFndent examinats'on, I report in respect of my examir¢ation of the companys accounts carried out under section 145 of the CharitEs Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Directicrf)s given by the Charity Commission under section 145(5llb} of the 2011 Act. Indapondant Examiners Statsment I have completed my examinatiC. I confimi that no matter5 have come to my attention in ¢)Jnnection with the examination gtving me cause lo believe= accounting records were not kept in respect of the company as required by section 386 of the 2006 Act or the accounts do not accord wth those records" or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair. view which is not a matter considered as part of an independent examination-, or the accounts have not been prepared in accordance Mqth the methods and piinaples of the Statement of Recommended Practice for accounting and reporting by charities applicable lo chaiities preparing their accounts in acccfdance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination to attention should be drawn in this report in order to eTh3ble a proper understanding of the accounts to be reached. Signed: P, Dat•d.. 19 May 2023 Alexander Peal Bsc IHons} FCA DChA James Cowper Kreston Audit Chartered Accountants Reading Bridge House George Street Reading Berkshire RG18LS Page 9
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 12r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Total funds 2021 Note Income from: Donations and legacies Charitable actimties 902 95,820 22,259 11,684 12,586 95,820 22.302 73,080 88,770 12. 194 Investments Total income 118.981 11.727 130.708 173.984 Expenditure on: Charitable actimties 123,669 123,669 125,582 Total expenditure 123,669 123.669 125.582 Nel Ilossesllgains on investments 163,7571 163.7571 29,716 Net rnovem8nt in funds 168.4451 11.727 156.7181 78.118 Reconciliation of funds: Total funds brought forward Nel movement in funds 917.117 168.4451 20,821 11.727 937,938 156.7181 859,820 78.118 Total funds carried forward 848,672 32.548 881.220 937,938 The Statement of Financial Activities includes all gains and losses recognised in the year. The note5 on pages 13 to 23 form part of these finanal statements. Page 10
VkiuaBunatLnTrarffjxlvM Ref. eK3H4QcWm72 19 May 2023 12..42..S3 88T{UTC +11 D 111 P 13125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) REGISTERED NUMBER: 02376162 BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Note Fixed assets Investments Current assets 10 578.941 620.673 Debtors 11 15,021 293.365 71, 196 254.436 Cash at bank and in hand 308.386 325.632 Credrtors= amounts falling due wthin one year 12 16,1071 (8,367) Net current assets 302.279 317.265 Total net assets 881.220 937.938 Charity funds Restricted funds 13 32.54B 848.672 20.821 917.117 Unrestricted funds 13 Total funds 881.220 937,938 The company was entrtled to exemption from audit under section 477 of the C(wnpanies Act 20C6. The members have not required the company to obtain an audit for the year in question in accfjrdance with section 476 of Companies Act 2006. The Trustees aCknOedge their reswnsibilities for compfwng with the requirements of the Act wth respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance yth the provisions applicable to entities subject to the small companies regime. The ffinancial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Mr W S Thornton Dale= 19 May 2(Y23 The notes on pages 13 to 23 fom part of these financial statements. Page 11
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 14r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note Cash flows from operating activitios Nel cash used in operating actimties 15 38,652 (41,801) Cash flows from investing activities Dimdends, interests and rents from investments Purchase of investments 277 (300,OOOJ Net cash provided byl(used &nl investing activitie5 277 1299,9981 Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year 38,929 1341,7991 596.235 254,436 Cash and cash equivalenis the and of the year 293,365 254.436 The notes on pages 13 to 23 form part of these finanal statements Page 12
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P Isr25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policie5 1.1 Basis of preparation of financial statements The financial slalements have been prepared in accordance wlh the Charities SORP {FRS 1021 Accountsng and Reporting by Charrties-. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance writh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019}. the Financial Repotting Standard applicable in the UK and Republic of Ireld {FRS 1021 and the Companies Act 2006. International Guide Dog Federation meets the definition of a public benefit entsty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othermse stated in the relevant accounting policy. 1.2 Company status The company is a MpanY limited by guarantee and is incorporated in the United Kingdom and registered in England and Wales. The statutory directors ol the company are the Trustees named on page 1. In the event of the company being wound up. the liabilty in respect of the guarantee is limited to £1 per member of the company. 1.3 Fund accounting General funds are unrestricted funds which are available for use al discretion of the Truslees in furtherance of the general objecb'ves of the company and which have not been designated for other purposes. Restricted funds are funds lch are to be used in accordance wtth specffic restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such fund5 are charged against the specific fund. The aim and use of each restricted fund is Set out in the note5 to the financial statement5. Investment income, gains and losses are allocated to the appropriate fund. Page 13
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 16r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policie5 Icontinuedl 1.4 Income AJI income is recoJni5ed once the company has entillement to the income, it is probable that the inGome wll be received and the amount of inGome reGeivable Gan be measured reliably. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Grfts donated for resale are included as income when they are sold. Donated facilities are included al the value to the company where this can be quanlrfied and a third paty is bearing the cost. No amounts are included in the financial statements for seTrices donated by volunteers. Donated seNices or facilrties are recognised the company has contTd over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use of the company of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 1021, the general volunteer trme of the Friends is not recconised and refer to the Trustees. report for more infomiation about their contribution. On receipt, donated professional services and facilitie5 are recoJni5ed on the basis of the value of the gtft to the company Mthich is the amount it would have been wlling to pay to obtain services or facilities of equÉvalent economic beneff( on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gfft Aid or deeds of covenant is reccgnised at the lime of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic beneffts will be required in seement and the amount of the obligation can be measured reliably. AJI expenditsjre is accounted for on an accruals basis. AJI expenses including SUPkYJrt costs and govemance cost are allocated to the applicable expenditure headings. Support Costs are those costs incurred directly in support of expenditure on the object5 of the company and include project management Caled out at Headquarters. Charitable activities and Governance costs are costs incurred on the companls operations, including support costs and costs relating to the govemance of the company apwb'oned to charitable act"vrties. ExpeTrJrture is inclusive of irrecoverable value added tax. which is charged to the Statement of Financial Activities. Expenditure on charitable activities is in¢xrred on directly undertaking the activilies lch further the company's objectives. as well as any associated support costs. Page 14
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 17r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policie5 Icontinuedl 1.6 Foreign currencies Monetary assets and liabilities denominaled in foreign currencAes are translated into 5teding at rates of exchange ruling at the rewting date. Transactions in foreign currencies are translated into steding at the rate ruling on the date of the transaction. Exchange gains and losses are reccgnised in the Statement of financial actiwties. 1.7 Investments Fixed asset investments are a fonm of financial instrumenl and are initially recognised al their transaction cost and subsequently measured at fair value al the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses. whether realised or unrealBed, are combined and presented as 'Gainsl{Lossesl on investments, in the Statement of financial actiwties. 1.8 Cash at bank and in hand Cash at bank and in hand indudes cash arKI short-term highly liquid investments Mqth a short malurty of three months or less from the date of acquisition or opening of the dep)sit or similar account. 1.9 Creditors Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised al the amount that the company antiapales il will pay to settle the debt or the amount it has received as advanced payments for the gocxls or services il must provide. Provisions are measured at the best eslimale of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reffects the risks specffic lo the liability. The unmqnding of the discount is recognised within interest payable and similar charges. 1.10 Financial instruments The company only has financial assets and financial liabilities of a kind that qualrfy as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value wlh the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Critical accounting estimates and areas of judgement Estimates and judgements are conlinualty evaluated and are based on historical experien and other factors. including expectations of future events that are believed to be reasonable under the circumstances. Critical accounting estimates and assumptions" The company makes estimates and assumptions conceming the future. The resulting accounting estimates and assumptions wqll. by definition, seldom equal the related actual results. Page 15
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 18125 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Income frorn donations and legacies Unrestricted Restricted funds funds 2022 2022 Total fund5 2022 Total funds 2021 Donations 902 11,684 12,586 3,080 70.oc Legacies 902 11,684 12,586 73,080 Total 2021 71,568 1.512 73,080 Investmem income Unrestricted Restricted funds funds Total funds Total funds 2022 2022 2022 2021 Dimdends 22,025 234 22.025 277 12.192 Bank interest receivable 43 22,259 43 22,302 12, 194 Total 2021 12, 192 12,194 Page 16
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 19r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Income frorn charitable activities Unrestricted funds 2022 Total fund5 2022 Total funds 2021 Annual subscriptions Team fees 25.710 60.610 9,500 25.710 60.610 9.500 23.135 55. 775 9,800 Assessments 95,820 95,820 88,710 Total 2021 88,710 88,710 Analysis of expenditure by activities Support Total funds 2022 Total funds 2021 05t5 2022 Expenditure 123,669 123.669 125,582 Total 2021 125,582 125,582 Page 17
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 20r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Analysi5 of expenditure by activities {continued) Analysis of support costs Total funds 2022 Total funds 2021 Activities 2022 Contractor fees Assessors workshop Insurance Project standards Collaboration 85.242 85,242 68.356 3,483 2.251 582 2.317 607 2.317 607 4,350 17,221 111 4,350 17,221 111 Board meetings Assessments Visionary- magazine Website Seminar Bank charges Office expenses Staff expenses Professional fees 10.574 3.225 4.178 14.240 1.426 870 3.769 3.769 622 022 370 370 350 4,614 3,102 4.614 3.102 13,239 2,808 Independent examination 123,669 123,669 125,582 Total 2021 125,582 125,582 Independent examinerfs remuneration 2022 2021 Independent examination 2,152 1.975 Fees payable lo the companls independent examiner in respect of: Preparation of the financial statements 950 Page 18
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 21r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Staff costs 2022 2021 Wages and salaries 85,242 68,356 The average number of persons employed by the company during the year was as follows: 2022 2021 Employees No emptoyee reiVed remuneration amounting to more than £60,000 in either year. Trustees. rernuneration and expenses During the year, no Trustees received any rernuneration or other benefits (2021- £NIL). During the year ended 31 December 2022. expenses toialling £2.287 were reimbursed or paid directy to 3 Trustee5 (2021- £225 to 2 Trustees). Page 19
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 22r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10. Fixed a55et investments Listed investments Cost or valuation At 1 January 2022 Additions 620,673 22,025 (63,7571 Revaluations At 31 December 2022 578,941 Not book value At 31 December 2022 578,941 At 31 December 2021 620.673 11. Debtors 2022 2021 Due within one year Trade debtors 452 Prepayments and accrued income 15,021 70. 744 15,021 71. f 96 12. Creditors: Amounts falling due within one year 2022 2021 Accruals and deferred income 6.107 8.367 Page 20
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 23R25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 13. Statement of funds Statement of funds - current year Balance at 31 Gainsl December (Losses) 2022 Balance at 1 January 2022 Income Expenditure Unrestricted funds General Funds 917,117 118,981 (123,669) (63,757) 848,672 Restricted funds Derek Freeman fund 20,821 11.727 32,548 Total of fund5 937.938 130,T08 (123,669) {63.757) 881,220 ststement of funds - prior year Balance at 31 Decembar 2021 Balance at 1 January 2021 Gains/ (Losses) Income Expenditure Unrestricted funds General Funds- all funds 840,513 172,470 (125,582) 29,716 917.117 Restricted funds Derek Freeman fund 19.307 1,514 20.821 Total of funds 859.820 173.984 (125,582) 29.716 937.938 Page 21
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 24r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 14. Analysis of net assets between funds Analysis of net assets between funds- current year Unrestricted Restricted funds funds 2022 2022 Total funds 2022 Fixed asset investments 578,941 275.838 16.1071 578,941 308,386 (6,1071 Current assets Creditors due Mfjthin one year 32,548 Total 848,672 32,548 881,220 Analysis of net assets betwaan funds- prior yaar Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Fixed asset investments 620,673 304,811 (8.367) 620.673 325,632 (8.367) Cuffenl assets 20.821 Creditors due wilhin one year Total 917.117 20,821 937,938 15. Reconciliation of net movement in funds to nat eash flow from oporating activities 2022 2021 Nel incomelexpenditure for the year la5 per Statement of Financial Activities) {56,718) 78,118 Adjustments for: {Gains)O$se$ on investments Dimdends. interests and rents from investments Decreasellincreasel in debtors Decrease in creditors 63.757 {22,302} 56,175 (2,260) (29, 716) (12, 194) (69,987) {8,022) Net cash provided byl(used inl oporaiing a¢iivitiès 38,652 (41.801) Page 22
VYbJsk9un*urnTransorbc Ref. eK3H4QCW-JM72 19 May2023 12A2..$3 88T{Lrrc +110 111 P 25r25 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 16. Analysi5 of cash and cash equivalents 2022 2021 Cash in hand 293,365 254,436 17. Analysis of changes in nol debt At1 January 2022 Cash flows At31 December 2022 Cash at bank and in hand 254.436 38.929 293,365 18. Related party transactions There were no related paty transactions, other than trustee expenses as detailed in note 9. Page 23