| Contents | Page | ||
|---|---|---|---|
| Legal and Administrative | Information | ||
| Report ofthe Board ofManagement | 2-7 | ||
| Independent Accountants' |
Report | ||
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Notes forming part ofthe |
Financial | Statements | 11 - 15 |
| Charity Name | Charity Name | The Freedom ofSpirit Trust for Border | The Freedom ofSpirit Trust for Border | The Freedom ofSpirit Trust for Border | |||
|---|---|---|---|---|---|---|---|
| Collies | |||||||
| Charity registration | number | 1121598 | |||||
| Company | registration | number | 6294336 | ||||
| Registered | OAice | and | operational | address | Golcar Farm, | ||
| Spring Lane, | |||||||
| Eldwick, | |||||||
| Bingley, | |||||||
| West Yorkshire. | |||||||
| BD163AU | |||||||
| Patron | |||||||
| Dame Ellen MacArthur | DBE | ||||||
| Board ofManagement | |||||||
| Mr David | Maitland | Chairman tk Secretary |
|||||
| Mrs Barbara Sykes | Chief Executive | ||||||
| Mrs Gill King | |||||||
| Mr Peter Tomson | |||||||
| Mr Stuart Verity | |||||||
| Veterinary th Welfare Ambassador |
|||||||
| Mr Peter O' | Hagan | ||||||
| Principal | Volunteer | ||||||
| Mrs Vicky | Metcalf | Deputy Manager | |||||
| Accountants | Nuvo Accountancy | Limited, First Floor, | |||||
| Sterling House, Outrams | Wharf, Little | ||||||
| Eaton, Derby, DE21 5EL | |||||||
| Bankers | Nat West, 63North | Street, Keighley, | |||||
| West Yorkshire, BD213SB | |||||||
| Solicitors | LCFLaw, | ||||||
| One St.James Business Park | |||||||
| New Augustus Street |
|||||||
| Bradford | |||||||
| BD15LL |
| Expenditure Account) for t |
he year e | nde | d 30' Jun | e 2023 | e 2023 |
|---|---|---|---|---|---|
| Total | Funds | ||||
| Notes | 2023 | 2022 | |||
| K | |||||
| Incoming resources | |||||
| Donations &Legacies | 3 | 161,792 | 153,995 | ||
| Total income resowces | 161,792 | 153,995 | |||
| Resources expended | |||||
| Costs ofgenerating funds |
8,646 | 7,046 | |||
| Charitable Activities |
135,743 | 127,462 | |||
| Governance Costs |
4,087 | 2,995 | |||
| Total resources expended | 4 | 148&476 | 137,503 | ||
| Net movement in funds |
13,316 | 16,492 | |||
| ReconciTiation offunds | |||||
| Total funds brought forward |
34,455 | 56,818 | |||
| Transfer to Project Expansion Fund | ( | 40,086) | ( | 38,855) | |
| Total funds carried forward | 7,685 | 34,455 |
| Notes | 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 8 | R | |||||||||
| Fixed Assets | ||||||||||
| Tangible fixed assets | ||||||||||
| Current Assets |
||||||||||
| Investments | to | 9,530 | 10.049 | |||||||
| Debtors | 48,673 | 8,995 | ||||||||
| Cash at bank | and in | hand | 774,891 | 797,340 | ||||||
| 833,094 | 816,384 | |||||||||
| Creditors: amounts | falling | |||||||||
| due within one year |
IZ | ( | 15,802) | ( | 12,408) | |||||
| Net Current | Assets | 817,292 | 803,976 | |||||||
| Total assets less current | liabilities | 817,292 | 803,976 | |||||||
| Net Assets | 817,292 | 803,976 | ||||||||
| Unrestricted | Fuads | |||||||||
| Project Expansion | Fund | 809,607 | 769,521 | |||||||
| General funds | 7,685 | 34,455 | ||||||||
| Total funds | 817,292 | 803,976 |
| The Freedom ofSpirit Trust for Border Collies | The Freedom ofSpirit Trust for Border Collies | |
|---|---|---|
| Notes forming part ofthe Financial Statements for the year ended | 30 June 2023 |
|
| Accounting Policies |
||
| The principal accounting policies adopted, judgements and key sources ofestimation |
||
| uncertainty in the preparation ofthe Financial Statements are as follows: |
||
| Basis ofaccounting | ||
| The Financial Statements have been prepared in accordance with |
the Accounting and |
|
| Reporting by Charities: Statement ofRecommended Practice applicable in the UK and |
||
| Republic ofIreland (FRS102)(effective 1stJanuary 2015)- (Charities SORP (FRS102)), | ||
| the Financial Reporting Standard applicable in the UK and Republic ofIreland (FRS102 |
||
| and the Companies Act 2006. |
||
| The Freedom ofSpirit Trust for Border Collies meets the definition ofapublic benefit | ||
| entity under FRS102.Assets and liabilities are initially recognised |
at historical cost or | |
| transactional value. |
||
| b. | Preparation ofthe accounts on a going concern basis |
|
| The Trust reported areasonable surplus forthe year and has transferred funds to the Project |
||
| Expansion Fund. The Trustees believe that this does not adversely | affect the Trust and on | |
| this basis the charity is agoing concern. |
||
| Incoming resources | ||
| All incoming resources are included in the Statement ofFinancial |
Activities when the | |
| charity is entitled to the income and the amount can be quantified | with reasonable accuracy. |
|
| The following specific policies are applied to particular categories |
ofincome, | |
| Legacies are included when the charity has been notified ofthe gilt and the amount is | ||
| reasonably certain. |
||
| Grants are recognised when the matching expenditure is incurred. |
||
| Voluntary income is received by way ofdonations and gifis and is included in fufi in the |
||
| Statement ofFinancial Activities when received. |
||
| Donated services and facilities are included at the value to the char)ty where this can be |
||
| quantified. The value ofservices provided by volunteers has not been included in these |
||
| accoullts. | ||
| Gift aid is recognised as adebtor in respect ofall appropriate gifis recognised in the |
||
| accounts. | ||
| Interest on funds held on deposit is included when receivable and |
the amount can be | |
| measured reliably; this is normally upon notification ofthe interest |
paid or payable by the | |
| Bank. | ||
| Fund accounting |
| Donations and Legacies |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Sale ofGoods | 4,412 | 4,628 | |
| Legacies | 41,626 | 287 | |
| Grants | 23,056 | 36,032 | |
| Other Donations | 63,445 | 101,781 | |
| Gilt Aid receivable | 8,340 | 9,639 | |
| Interest Received &Investment | Income | 20,913 | 1,628 |
| Total | 161,792 | 153,995 |
| ~e' | n o |
st ~u |
m | W | ||||
|---|---|---|---|---|---|---|---|---|
| u | 2022 | |||||||
| us& | IJQI'u | 2023 | Total | |||||
| Costs directly allocated to activities | ||||||||
| Dog food | Direct | 3,194 | 3,194 | 4,409 | ||||
| Veterinary services |
Direct | 16,100 | 16,100 | 17,510 | ||||
| Kennels Costs | Direct | 4,409 | 4,409 | 4,771 | ||||
| Depreciation | Direct | 3,666 | ||||||
| Flyers &Fund Raising | Direct | 816 | 816 | 240 | ||||
| Goods for Resale | Direct | 1,847 | 1,847 | 1,902 | ||||
| Transport | Direct | 1,397 | 1,397 | 2,723 | ||||
| Equipment | Direct | 328 | 328 | 17 | ||||
| Accountants Fees |
Direct | 600 | 600 | 600 | ||||
| Total Direct Costs | 2,663 | 25,428 | 600 | 28,691 | 35,838 | |||
| Support costs allocated | to activities | |||||||
| Salaries | Stafftime | 3,768 | 105,899 | 1,884 | 111,551 | 95,]94 | ||
| Telephone | Usage | 151 | 529 | 76 | 756 | 682 | ||
| Insurance | Usage | 375 | 1,313 | 188 | 1,876 | 1,798 | ||
| Computer and website |
Usage | 1,268 | 1,268 | 634 | 3,170 | 210 | ||
| Secretarial Expenses | Usage | 421 | 1,306 | 705 | 2,432 | 3,781 | ||
| Total Support Costs | 5,983 | 110,315 | 3,487 | 119,785 | 101,665 | |||
| Total resources expended | 8,646 | 135,743 | 4,087 | 148,476 | 137,503 | |||
| 2022 | 7,046 | 127,462 | 2,995 | 137,503 |
| 9 | Tangible fixed assets | Kennel | Motor | TotalI | |
|---|---|---|---|---|---|
| Cost | |||||
| As at 30th June 2022 | and 2023 | ||||
| 112,196 | 11,000 | 123,196 | |||
| Depreciation | |||||
| As at 30th June 2022 | 112,196 | 11,000 | 123,196 | ||
| Charge | |||||
| As at 30th June 2023 | 112,196 | 11,000 | 123,196 | ||
| Net book value | |||||
| At 30th June 2023 | |||||
| At 30th June 2022 | |||||
| 10 | Investments | 2023 | 2022 | ||
| M &G Charibond | 4,813 | 5,063 | |||
| M &G Charifund | 4,717 | 4,986 | |||
| 9,530 | 10,049 | ||||
| 11 | Debtors | 2023 | 2022 | ||
| Gift Aid | 8,010 | 8,204 | |||
| Interest Receivable | 2,538 | 502 | |||
| Legacy | 38,125 | 289 | |||
| 48,673 | 8,995 | ||||
| 12 | Creditors: Amounts | Falling Due with | One Year | 2023 | 2022 |
| Accountants' Fee |
600 | 600 | |||
| Grants Prepaid | 156 | ||||
| Accrued Salary &Holiday Pay | 13,597 | 9,446 | |||
| Other Creditors &Accruals | 1,605 | 2,206 | |||
| Total | 15,802 | 12,408 |