VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 1126 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 2024
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 2126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) CONTENTS Page Reference and administrative details of the Company, its Trustees and advisors Trustees. report Independent examinerfs report 10 Statement of financial activities Balance sheet 12 Statement of cash flows 13 Notes to the financial statements 14-24
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 3126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISORS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mr W S Thornton, Board Chair Mrs C Baroni-Pretsch. Vice Chair Mr S Tanoue, Treasurer Mr T Stafford, Chair Standards Committee Ms C Benninger. Chair Communications Committee Mr A Bouissou Mr D Cleaver 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 Thornton Accountants James Cowper Kreston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG18LS Page 1
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 4126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees {who are also Directors of the charity for the purposes of the Companies Act) present their Annual Report together with the financial statements of the Inlemational Guide Dog Federation (the company) for the year ended 31 December 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the companrfs goveming document and Ihe provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). 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 Act. Nomination and appointment of Trustees The Board of the International Guide Dog Federation is a representative and governing body thal resolves 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 Federalion. 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 determined by resignation. The Directors may stand for iwo consecutive four-year terms on the Intemational Guide Dog Federation Board, thereafter they must stand down for a minimum of two years. The Board elects the Chairperson and offirS and appoints Committee Chairs and other such like Officials as required. Board meetings The Board met eleven times during 2024. Organisational structure The Board of the International Guide Dog Federation has appointed six working Committees.. The Finance Committee, Accreditation Committee, Development Commitlee, Communications Committee, Standards Committee, and the Education Committee. The objectives of the Federation are achieved Ihrough the work of these committees. The Company Secretary is accountable to the Chairperson and is responsible for Ihe general administration and company secretarial duties. The Chairperson conducts meelings with the Company Secreiary on at least a monthly basis. The Accreditation Committee (AC) Chaired Chris Muldoon (Hong Kong- Chair since May 2024), Acting Chair Tim Stafford {United Kingdom Acting Chair to May 2024), members: Daisy Holt (Australia), Tamer Mourad (USA) Minna Leppala (Finland), David Grice (United Kingdom -until July 2024), Paul Adrian (Australia until July 2024), Aaron Horsington (Australia appointed April 2024) and Ivana Merryman Boncori (Slovakia.- appointed May 2024) The AC is comprised of technical-expert committee members from around the world, including a Chair appointed by the Board. Ongoing and regular liaison with 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 monitoring compliance with the technical standards of member organisations. The committee utilises around twenty experienced Guide Dog Mobility Instructors as Assessors lo conduct assessments of organisations. Organizations, accreditations take place every five years to ensure compliance with the IGDF Standards. The AC meets in person On a year and conduct monthly teleconferences to review the policies and procedures of the accreditation process. The committee reviews the completed assessment reports submitted by the IGDF Assessors. Page 2
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 5126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Development Committee (DC) - Chaired by Lukas Franck (Uniled States- until July 2024). Jane Bradley (Australia Chair from July 2024). DC Members: Julijana Malesic (Taiwan), Zuhey Medina-Gonzalez (United States), Lee Stanway (United Kingdom until July 2024), Hannele Ruokonen (Finland appointed November 20241, Tony Harvey {United Kingdom appointed November 2024), David Locklin (United States - appointed November 2024). The DC works with member organisalions to advise them on development and improvement plans when requested by the Board or AC. The DC is comprised of members wilh global experience in the guide dog industry, including a Chair appointed by the Board. Ongoing and regular liaison with the IGDF Board is directed through the Committee Chair. The DC meets monthly via teleconference and in person once a year. The DC has professional and technical communication with members to assist with their future development. The DC also advises Applicant Organisations (those seeking to apply for membership), as well as Enquiring Organisations (those formally working towards accredited membership) in starling up their organisations. The DC provided support to seven Enquiring Organisations, nineteen Applicant Organisations and one Member 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 (SC) - Chaired by Tim Stafford (United Kingdom), members Christine Baroni- Pretsch (Switzedand), Barry O'Toole (United Kingdom), Jim Kessler (United States), and Nicola Cotton (Australia). During 2024, the SC undertook a complete review of the IGDF Standards. Much of this work was carried out by Standards Review Panels, each of which focused on the review of a single Standard. The Standard Review Panels comprised experts from IGDF member organisations. Standard 6 (Dog Welfare) was reviewed jointly with Assistance Dogs International. This collaboration resulted in the ADI and IGDF Slandards being fully aligned on this important area. This builds on the ADI and IGDF Joint Posilion Statement on Dog Welfare and underlines the commitment of both organisations to work together to improve dog welfare through the implementalion of modem, evidence-based positive reinforcement training methods. All member organisations had the opportunity to comment on the draft Standards and the Revised Standards were published in early 2025. The Revised Standards will be effective from 1st January 2026. The Finance Committee (FC) - Chaired by Seishi Tanoue (Japan) with members Christine Benninger {USA) and Dale Cleaver (Australia). The Cornmittee develops policies and reviews monthly, the finances of the organization. The committee overseas budgets, monthly accounts, the audit & annual report. The Communication Committee (CC) ensures that member organisations are kept up to date with the activities of the members and the IGDF Board. through the Visionary magazine, the website, and E-News. This committee is comprised of Chair Christine Benninger (USA), Antoine Bouissou (France) and John Welsman (United Kingdom). The Education Committee {EC)- Chaired by Lee Buckingham (Australia). Committee members, Lukas Franck (United States retired July 2024), Melinda Bowden (Australia), Ben Cawley (United States) and Yuko Inoue (Japan). The Education Committee develops and maintsins a comprehensive curriculum, and high-quality training reSoUrS for the education of Guide Dog Mobility Instruclors and Guide Dog Trainers for IGDF member organisations. The Education Committee reviewed and updated the GDMI Curriculum in 2024. This is a valuable resource for member organisations. The Education Committee is working to further develop the IGDF Education site, with the objective of transforming this from a leaming library to a comprehensive online education and certification system for Guide Dog Mobility Instructors and Guide Dog Trainers. Page 3
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 6126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 OBJECTIVES AND ACTIVITIES The vision of the Intemational Guide Dog Federation is to create a world in which people who are blind or have low vision can access high-quality guide dog services to live life on their tems. The mission of the International Guide Dog Federation is to support its members in their efforts to 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: -strengthening Connections" This work was based on the results of a comprehensive member survey and was facilitated by Space2BE Limited, a London-based strategy consultancy with expertise in the charity sector. The new strategy was launched in April 2021 and reviewed in early 2022 and again in April 2023. 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 specific objectives, are- Governance and Sustainability. A dynamic, professional, and financially secure organisation with the necessary resources and prosseS to deliver high-quality member benefits over the long-term. Global Standards. Provide a global standards framework, for guide dog services lo benefit all users, dogs, employees, and volunteers. Global Influencer. We will be known as the"ihought leaderf and the"global expert" for guide dogs. welfare, and service standards. Communication and Engagement. Develop accessible intemal and external marketing and communications to support mernber engagement and enhance global inftuence. Education. Inspire the development of organisational capability through the sharing of innovative expertise and knowledge and the provision of professional development. During 2024, the Board cornmend the development of the next organisalional strategy. This work included a membership survey, and an in-person strategy meeting facilitated by Karen Griffin of UK strategy consuliants Space2BE Ltd. This strategy review work continued during 2024 and the new strategy will be published during 2025. As part of the ongoing review of organisational governan, the Board agreed in June 2024 thal IGDF should transition to becoming a direct employer during early 2025. Work commenced on this project in late 2024. The Board believes that employing staff directly rather than seconding them from Guide Dogs UK will realise efficiency savings and allow the organisation to expand more easily. During 2024, the IGDF contributed actively to the CENITC452 project to develop European standards for guide and assistance dogs. A total of 24 assessments were completed during the year. During 2024. one new organisation was admitted to membership, and one organisation ceased to be a member. The total number of member organisations remained 99, but the number of different countries represenled fell lo 33. Main activities undertaken to further the charitable purposes Setting our objectives and planning our activities the Trustees have given, careful consideration to the UK Charity Commission's general guidan on public benefit. Access to services of the Intemational Guide Dog Federation is open to all relevant agencies and organisations meeting or aspiring to meet the IGDF stsndards and, through them, provide high quality guide dog services to people who are blind or have low vision across the world. Under the guidance of the IGDF Intemational Standards, in 2024, member organizalions collectively managed over 18,000 working guide dog teams and graduated over 2,800 new teams. Page 4
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 7126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 Intemational Guide Dog Federation do have, and work with, volunteers in their own respective countries. There are more than 48,000 volunteers throughoul the world who work with the member organisations of the Intemational Guide Dog Federation. They play a key role in assisting in the breeding and raising of dogs with professional staff oversight. ACHIEVEMENT AND PERFORMANCE Internal and extemal factors Intemal and extemal factors that can affect the Intemational Guide Dog Federation's achievements and performance are.. the quality of its Board and its staff the extent of collaboration between member organisations the availability and cornpetence of Assessors the ernergence of alternalive guide dog or assistan dog standards implementation of the Strategy changes to Government legislation or guide dog funding models in member countries significant changes to the outcome of fundraising activities of members disruption to intemational travel, such as that resulting from pandemics, conflict or increasing geopolitical uncertainty FINANCIAL REVIEW Revenue for the year ended 31 December 2024 was £250,972, compared to £249,205 in 2023. This was partly due to the strong performance of IGDF'S long term investments which saw combined investment income increase from £34,345 in 2023 to £105,330 in 2024. 2024 expenditure was £180,083 (2023: £185,575) giving an operating surplus of £26,928 (2023- £18,875). 2024 saw a net investment valuation gain of £81,338, compared to a net investment valuation gain of £11,242 in 2023. The overall surplus for 2024 was £152,227. The overall surplus for 2023 was £74,872. The financial position of the organisation remains strong with cash in hand of £144,280 (2023- £185,439) and an investment fund balance of £968,617 (2023: £763,286) for a total of £1,112.897 (2023: £984,725) at the end of the year. Reserves Policy The reserves policy of the Intemational Guide Dog Federation ensures the Maintenan of free and unencumbered financial reserves of a level judged by the Board to be appropriate lo 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. The Intemational Guide Dog Federation currently has cash reserve funds of £144,280 which truslees believe are more than sufficient to cover the requirement of the Reserves Policy and still provide sufficient resources to support the ambitions within the five slrategic goals which includes increasing our staffing levels. In response to the significant drop in income experienced during the global pandemic, IGDF undertook a detailed review of the membership fee structure during 2022. A new fee slructure 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 members and reduces IGDF'S dependence on the team fee income of a small number of the largest members. The new fee structure was effective from 1st January 2023. On the basis of 2023 and 2024 revenue, the Board is satisfied that the new fee structure is working as intended. This was the first review of membership fees since 2012. The Board continues to seek new sources of income to fund further improvements to member services. Page 5
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 8126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted 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 Thomton (British Columbia Guide Dog Services) and Paul Keymer (Minnesota Guide Dog Breeding Centre) established the Derek Freeman Scholarship in his memory. The Derek Freeman Scholarships are funded through donation. The funds are held separalely from other IGDF finances, and it is from this specific fund that grants are made. Grants are in the range of up to £2,500 and are awarded biennially to staff of Member and Applicant organisations of the International Guide Dog Federation. Scholarship funding supports travel, accommodation, and study at host organisations during visits designed lo assist the applicant's continuing education in the field of guide dog breeding and puppy raising. Ken Lord Award This Award was established by the IGDF Board in 2001 to recognise the lifetime commilment of Ken Lord to the intemational guide dog movement. Ken Lord was one of the co-founders of the Intemational Guide Dog Federation and served 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 presented al the IGDF biennial conferen. The Ken Lord Award is a recognition award and has no financial component. IGDF Principal funding sources Member subscriptions based on organisation revenue constitutes the principal funding source. Investment Policy IGDF investment policy has two goals" Provide Income to carry out IGDF purposes in the short tem. Maintain and enhance the value of the invested funds to enable IGDF to carry out its purposes in the long tem. To protect the real capital value over the long-term whilst generating a stable distribulion. The Investment Policy is reviewed annually by the Board. Page 6
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 9126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees (who are also directors of Intemational Guide Dog Federation for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounling Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must 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 statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities Statement of Recommended Practice; make judgements and accounting estimates that are reasonable and prudent" prepare the financial statements on the going concem basis unless it is inappropriate lo presume that the charitsble company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable companls transactions and disclose with reasonable accuracy at any time the financial posilion of the charitable company and enable them to ensure that the financial statements comply wilh the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 7
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 10rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 CHAIR'S REPORT In April 2024, the Board rnet in person to review the organisation's strategy. The Board also met with the Board of Assistance Dogs Intemational (ADI) and agreed further areas for mutual collaboration. These included the establishment of a Joint Advisory Panel on Dog Welfare and Ethics which will advise both Boards on these important issues. IGDF also collaborated wilh ADI to undertake a joint review of Welfare Standards. This initiative has resulted in the alignrnent of ADI and IGDF Standards in this area. Both Boards continue to be committed to the principle of further collaboration between our two leading global organisalions for Guide and Assistance Dogs. We strongly believe that this will enhance the charitable objectives of both global organisalions and those of our respective members. The Accreditation Committee oversaw 23 in-person assessment visits during 2024. Six new assessors were recruited during the year. The AC continues to review and update assessment policies and guidance documents for our membership. The Development Committee (DC) continues to see demand for their services. The DC has assisted 1 IGDF member, 19 Applicant Organisations and 7 Enquiring Organisations. Thus, directly supporting the mission of the IGDF to serve persons with low vision throughout the worfd. The Communications Committee (CC) has continued to work on ensuring that all IGDF organisations are kept up to date on the latest news, primarily through our E-News (9 issues) and Visionary magazine (3 issues). Seven podcasts and seven webinars were delivered during the year in addition to interactive online networking events. IGDF'S social media presence continues to grow and this now represents an important new communication channel for sharing information with the intemational guide dog family and beyond. The Education Committee (EC) has continued to develop the IGDF Education site since its launch in 2023. This is an online leaming library wth high-quality education materials for Guide Dog Mobility Instructors and Guide Dog Trainers. Special thanks are due to Guide Dogs Queensland for their contribution to this importanl project. Looking ahead, the Education Committee plans lo transform the learning library into a comprehensive digital leaming and certification system for Guide Dog Mobility Instructors and Guide Dog Trainers. The EC has also continued to revise and update the GDMI Curriculum and an updated version was published in September 2024. As of December 2024, the IGDF has: 99 Member Organisations representing 33 Countries 5 Affiliate Organisations 18 Applicant Organisalions 7 Enquiring Organisations Thus, working directly with and supporting 129 organizations globally. Page 8
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 11rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 As part of the ongoing modemisation of IGDF, the Board agreed in June 2024 that IGDF should transition to employing staff directly rather than seconding them from Guide Dogs UK. This the nexl logical step for our organisation as we continue to grow and professionalise and will make it easier for us to recruil additional staff in order to deliver new improved member services. This project is due lo be completed in May 2025. IGDF remains very grateful to Guide Dogs UK for all Iheir support over the decades and we look forward to continuing to collaborate closely to improve the availability of guide dog ServIS for people who are blind or have low vision. On behalf of the Board, Christine Baroni-Pretsch (Switzerland), Tim Stafford (UK), Anloine Bouissou {France}, Seishi Tanoue {Japan), Chris Benninger (USA) and Dale Cleaver (Australia) and the members of the IGDF, I would like to thank all of our amazing IGDF volunteers. As a member driven organization, we simply cannol fulfil our mission and objectives without their support. I would also like to thank our office hosts, Guide Dogs UK for their outstanding support. They have generously supported the activities of the IGDF since our inception. Lastly, thanks to our professional team in the UK, David Maynard and Clare Pritchett for their diligence, guidance, and support. Approved by order of the members of the board of Trustees and signed on Iheir behalf by: w11ThtJul 2Q25 1534 t1 BSTIUT¢411 Mr W S Thornton - Chair Date: 23 July 2025 Page 9
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 12rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examinerfs Report to the Trustees of International Guide Dog Federation ('the Company.) I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilities and Basis of Report As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Cornpanies Act 2006 ('the 2006 Acl.). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Companys accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent Examiner's Statement Since the Companys gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attention in connection with the examination giving me cause to 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 with 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 'true and fairf view which is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the meth¢)ds and principles of the Statement of Recommended Practi for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no COnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed= P. Dated: 24 July 2025 Alexander Peal Bsc (Hons) FCA DChA James Cowper Kreston Audit Chartered Accountants Reading Bridge House George Street Reading Berkshire RG18LS Page 10
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 13126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donations and legacies Charitable activities Investments 535 16,313 16,848 198,650 35,474 33,452 184,950 30,803 198,650 34,387 1,087 Total income 233,572 17,400 250,972 249,205 Expenditure on: Charitable activities 178,036 2,047 180,083 185,575 Total expenditure 178,036 2,047 180,083 185,575 Net gains on investments 81,338 81,338 11,242 Net movement in funds 136,874 15,353 152,227 74,872 Reconciliation of funds: Total funds brought forward Net movement in funds 13 909,809 136,874 46,283 15,353 956,092 152,227 881,220 74,872 13 Total funds carried forward 1,046,683 61,636 1,108,319 956,092 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 14 to 24 form part of these financial ststements. Page11
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 14rd6 INTERNATIONAL GUIDE DOG FEDERATION {A company limited by guarantee) REGISTERED NUMBER: 02376162 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Fixed assets Investments 10 968,617 763,286 Current assets Debtors 11 874 12,736 185,439 Cash at bank and in hand 144,280 145,154 198,175 Creditors.. amounts falling due within one year 12 (5,452) (5,369) Net current assets 139,702 192,806 Total net assets 1,108,319 956,092 Charity funds Restricted funds Unrestricted funds 13 61,636 1,046,683 46,283 909,809 13 Total funds 1,108,319 956,092 The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complwng with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: WilliamTMmlon 2312025 ISS4 11 [re *ll Mr W S Thornton Date: 23 July 2025 The notes on pages 14 to 24 form part of these financial ststements. Page 12
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 15126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Note Cash flows from operating activities Net cash used in operating activities 15 51,702 37,460 Cash flows from investing activities Dividends, interests and rents from investments Purchase of investments 7,139 {100,000) 4,614 (150,000) Net cash used in investing activities (92.861) (145.386) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year (41.159) (107,926) 185,439 293,365 Cash and cash equivalents at the end of the year 16 144,280 185,439 The notes on pages 14 to 24 form part of these financial statements Page 13
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 16126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies 1.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities: Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Intemational Guide Dog Federation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 1.2 Company status The Company is a company limited by guarantee and is incorporated in the United Kingdom and registered in England and Wales. The statutory directors of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability 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 at the discretion of the Trustees in furtheran of the general objectives of the company and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 14
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 17rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 1.4 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence thal a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefaclor} and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be reiVed and the fair value of the amount receivable. which will generally be the expected cash amount to be distributed to the Company, can be reliably measured. Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the company where this can be quantified and a third party is bearing the cost. No amounts are included in the financial siatements for services donated by volunteers. Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, 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 (FRS 102), the general volunleer lime of the Friends is not recognised and refer to the Trustees. report for more information about their contribution. On reipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on Ihe open market,. a COespOndIng amounl is then recognised in expendilure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at Ihe time the investment income is receivable. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a Ihird party, it is probable Ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance cost are allocated to the applicable expenditure headings. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Headquarters. Charitable activities and Govemance costs are costs incurred on the companVs operations, including support costs and costs relating to the govemance of the company apportioned to charitable activities. Expenditure is inclusive of irrecoverable value added tax, which is charged to the Statement of Financial Activities. Page 15
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 18126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (continued) 1.5 Expenditure (continued) Expenditure on charitable activities is incurred on directly undertaking the activities which further the Compan¥s objectives, as well as any associated support costs. 1.6 Foreign currencies Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Statement of financial activities. 1.7 Investments Fixed asset investments are a fom of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impaimient. Investmeni gains and losses, whether realised or unrealised, are combined and presented as 'Gainsl(Losses) on investments, in the Statement of financial activities. 1.8 Cash at bank and in hand Cash at bank and in hand includes cash and short-tem highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 Creditors Liabilities are recognised when there is an obligation at the Balan sheet date as a resull 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 at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced paymenls for the goods or services it must provide. Provisions are measured at the best estimate 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 reflects the risks specific to the liability. The unwinding of Ihe discount is recognised within interesl payable and similar charges. 1.10 Financial instruments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 16
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 19126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circurnstances. Critical accounting estimates and assumptions- The Company makes estimates and assumptions conceming the future. The resulting accounting estimates and assumplions will, by definition. seldom equal the related actual results. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tolal funds 2023 Donations 532 16,313 16.845 19,700 13,752 Legacies 535 16,313 16,848 33,452 Total 2023 14,200 19,252 33,452 Investment income Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Dividends 31,132 3,255 31,132 4,342 27,717 3,086 Bank interest re1vable 1,087 34,387 1,087 35,474 30,803 Total 2023 30,192 611 30,803 Page 17
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 20126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Tolal funds 2023 Membership fees Annual subscriptions 191,250 7,400 191,250 7.400 176,750 8,200 198,650 198,650 184,950 Total 2023 184,950 184,950 Analysis of expenditure by activities Support costs 2024 Total funds 2024 Total funds 2023 Expenditure 180,083 180,083 185,575 Total 2023 185,575 185,575 Page 18
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 21rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Activities 2024 Contractor fees 103,413 103.413 85,240 2,773 2,408 687 Assessors workshop Insuran Project standards Collaboration 2,559 687 2.559 687 2,177 2.177 2,153 198 Accreditation committee Board meetings Development committee Assessments Scholarship Website Seminar Bank charges Office expenses Staff expenses Professional fees 11,091 132 11.091 132 28,159 1,050 23,715 6,000 5,994 7,466 2,683 863 29,816 2,030 7,779 1,412 1,533 1,279 523 12,232 3,420 29,816 2.030 7.779 1.412 1.533 1.279 523 7,369 5,499 3,318 12.232 3.420 Independent examination 180,083 180,083 185,575 Total 2023 185,575 185,575 Independent examinerfs remuneration 2024 2023 Independent examination Fees payable to the Companls independent examiner in respect of: Preparation of the financial statements 2.370 2,302 1,050 1,016 Page 19
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 22126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff costs 2024 2023 Wages and salaries 103,413 85,240 The average number of persons employed by the Company during the year was as follows: 2024 No. 2023 No. Employees No employee received remuneration amounting to more than £60,000 in either year. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023 - £NIL). During the year ended 31 December 2024, expenses totalling £474 were reimbursed or paid directly to the Trustees (2023 - £5,229). Page 20
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 23126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 10. Fixed asset investments Listed investments Cost or valuation At 1 January 2024 Additions 763,286 123,992 81,339 Revaluations At 31 December 2024 968,617 Net book value At 31 December 2024 968,617 At 31 December 2023 763,286 Debtors 2024 2023 Due within one year Prepayments and accrued income 874 12,736 874 12,736 12. Creditors: Amounts falling due within one year 2024 2023 Other creditors 1.392 4,060 Accruals and deferred income 5,369 5,452 5,369 Page 21
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 24rd6 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Statement of funds Statement of funds - current year Balance at 31 Gainsl December (Losses) 2024 Balance at 1 January 2024 Income Expenditure Unrestricted funds General Funds- all funds 909,809 233,572 {178,036) 81.338 1,046,683 Restricted funds Derek Freeman fund 46,283 17,400 {2,047) 61,636 Total of funds 956,092 250,972 (180,083) 81,338 1,108,319 Statement of funds - prior year Balance at 31 December 2023 Balance at 1 January 2023 Gainsl (Losses) Income Expenditure Unrestricted funds General Funds- all funds 848.672 229,342 (179,447) 11,242 909,809 Restricted funds Derek Freeman fund 32.548 19,863 (6,128) 46,283 Total of funds 881,220 249,205 {185,575) 11,242 956,092 Page 22
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 25126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 14. Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Fixed asset investments 968,617 83,518 (5,452) 968,617 145,154 (5,452} Current assets Creditors due within one year 61,636 Total 1,046,683 61,636 1,108,319 Analysis of net assets between funds - prior period Unrestricted funds 2023 Restricted funds 2023 Total funds 2023 Fixed asset investments 763,286 151,892 {5,369) 763,286 198,175 (5,369) Current assets Creditors due within one year 46,283 Total 909,809 46,283 956,092 15. Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income for the period (as per Statement of Financial Activities) 152,227 74,872 Adjustments for: Gain on investments Dividends, interests and rents from investments (note 4) Decrease in debtors (81,338} (31,132) 11.862 83 (11,242) (27,717) 2,285 (738) Increasel(decrease) in creditors Net cash provided by operating activities 51,702 37,460 Page 23
VithalSignatur8 Transaction Ref. NMHK-QRSL-8GWT 23 Jul 2025 15..34..12 BST (UTC +11 D 212 P 26126 INTERNATIONAL GUIDE DOG FEDERATION (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Analysis of cash and cash equivalents 2024 2023 Cash in hand 144,280 185,439 Total cash and cash equivalents 144,280 185,439 17. Analysis of changes in net debt At1 January 2024 Cash flows At31 December 2024 Cash at bank and in hand 185,439 (41,159) 144,280 185,439 (41,159) 144,280 18. Related party transactions There were no related paty transactions, other than trustee expenses as detailed in note g. Page 24