Chgrity Number: 1121YJ8 CoxLP3lly Number: 6294336 The Freedom of Spirit Trust for Border Collies (A company limited by guarantee) Report and Financial Statements For the Year Ended 30 June 2024
The Freedom of Spirit Trust for Border Collies (A eompally limited by guarantee) Flnanclal Statsments For the Year Ended 30 Julle 2024 Conteots Legal and Administrative Infotmati4)D Rwrt of the Board of Management Independent Accouniants. Report Statemellt of Financial Activities Balanee Sheet 10 Notes forn)tng part of the Financial Statements 11-15
The Freedoni of Spirit Trust for Border Collies Report of the Board of Management for the year ended 30 June 2024 The Board of Management wesents its R¢ikn and Firla1 Stat¢1mts forthe year ended 30 Jwie 2024 Reference Admlntstrgtive Infomatlon Charity N8tn¢ The Freedom of Spirii Trusi for Border Collies Charity re8istration nun Company registration nwnb¢r Registered OtTic¢ and op¢ratkonal address Golcar Farn Spring Iane. Eldwick, Bingley. West Yorkshire. BD16 3AU 1121598 6294336 Patroll Dame Ellen MacArthur DBE Board of Management Mr David Maitland Barbard Sykes MTS Gill King Mr Peter T0Thn Mr Stuart Verity VeteriD2ry & Welfare Ambassador Mr Peler O, Hagan Chief Executive Prineipai Volunteer Mrs Vicky Mdcalf Deputy Manag¢r Accountants Nuvo Accounlancy Limited. First Floor, Sierling House. Outratns Wharf. Litt]¢ Eaton, Derby, DE215EL Nat Wesl 63 North StreeL Keighl¢y. W¢st Yorksbire, BD213SB Bankers Solicitors LCF Iaw, One St. James Businc55 Park New AUgUsS Street Bradford BDI 5LL
Our Aims and Objectives s¢ and Activities Our charity's puroM)se, as set out in the objKts CODtsined in the company's nlemorandum of 2sso¢iatioTI, is to pron¥) human¢ bchiviourtowards Bonler Collle dogs by providing appToprial¢ cart. protection. treatment and Security of Border Collies which are in need of care aTrd atteTLtiOll by reasons of sickness. maltThtmenL poor Cirur&stanCes orill usage and educate the public in tnatter5 pertaining to Border Collie welfare in general and the pTrveutiOn or cruelty and suffering arnong Border Collie dog& The aims of the charity are to ensure the future and survival of the Border Collie &$ a breed known for irs intelligence. working ability and loyalty by providing a better understanding of the Border Collie. its needs ond training in both working and ¢onw2nion homes byprotT¥)ting effective education about tije specifie needs of Border Collie& and to Provide sanctuary, both physical and ments] for dogs. of a Border Collie type who are in difficu]ties. especia]ly where they are UTJSllitable for rescue organisations and r¢-hOrniDgpros. our work (kliveTS our ain The Charity was ¢stablished with the benefit of a l¢w froTn the esiate of the late Bernard Mahon to support the work whi¢h was b¢ing undertaken by Barbara Sykes to promote the Border Collie alld io pmvide a safe haven for dog5 who were suffering from mistreatmeni or abuse. a5 originally publi¢is¢d in the Freedom of Spirit nllg32in Th¢ main enipl]asis of the work of th¢ Ttust to date. has been to deaj with the lar8¢ of rescue cases which fft beitig referd for assistsllce. th¢ benefit of the legacy from the lat¢ H¢leD Clark the emphasis llQW is to locate pernvnent accommotstion to ensure the IoDg tenn viabilityof the TnJsL The focus of our work During the year. although having a smaller impad, we h&ve Continued to be mindful to deal with the inwact of the Covid-19 which impacted on both th¢ way the Trust operdtes io keep staff and the abilityt<J rnise bmds fron) our usual events. With the eontinued e¢onomi¢ uncertainty the level of support from grant donois has reduced but the Trusthas fortUDat¢ly T¢ceived a legacy* which has be¢n applied nuin]y to support its nwe to pernwLeDt accotTrTn(thon. Whilst staffing has been an issue at times we have continued when possible with the increased numE¢r of K¢nnel Asstsfants hours support and assist in the carc and training of the dogs Èn the ce of the Trust so that thc Chief Executive can spend more time promoting th¢ work of the Trust and assisting the band of devoted fi)Dd Taisin8 vohmteers. Tbe relationship with the ISDS (Illtcrnati Sheep Dog Soci¢ty) which iDltially stsrted by providing valuable infonTh2tiou for their archive history or the breed w¢bsiie has now grown so thatwe are the oThly rescue organisation which they officially Tecognis¢ and provid¢ a link to on their website alld agatti this year the TTU5t 15 invited to undertake fTrd8 llt their events.
How our aetivities deliver public benefrt Our main a¢iiYities and how we try to help the Botder Collie breed are de5CTib¢d below. All our chitable activiiies ar¢ f(wsed on the prOTli0n of Lhe Border Collie and Providing san¢ty3ry training for dogs who will either be rethomed into a supportive working or compankon hom¢, with appmpriate financia] &ssÈstanre for those older dogs wkn require additional veiinary care, or who will remain ILoused by the T1 for the remainder of th¢ir lives. The year h&s been impacted by the cost of living ¢TiSiS whi¢h has effected the ami)utLt of grant received and incrca5cd costs which impacwl on the outturn for the year. We Still kt our do85 as long as needed to assess thern correctly and to put them on traiJJingpTograDUDe5 before putttn8 tkn up hothing. Rescue Do With the number of abandoned and unwanted dogs continuing to ¢5¢2late each year. and rnore this year with many people abandoning the puppies purchased during the lock down, tbe our kenllels assistants have wolted bard to a)sur¢ thai ow limited aecotnmodation available has been used to hll polential with I.IIX) dogs now accepied by th¢ Tnlst to date. w¢ twk in 56 dogs from Ewds and homes, 41 were r¢bom¢d during the year. one old dog al oue wbicb after fitll asse5sm¢nt aTLd an opitiion from the vet they were tco aggTessiv¢ for rebomiDg as 8 Tesult of a Thllnour to safely accommodate in swduary werepts. ¢)ne was kell illto sanctuary and Thvelve dogs went forward to the following Ail dogs are fijlly 3ssessed by veterinary profe35iona15. JlliCKtKhipped aThd most are neuter¢d whilc in the car¢ of the TnL%L and poieniial adopiers are cbrfked and are required th spend time with the dogs at th¢ ¢haritys base before they ate auowed to take a dog away OD a ]ongerterni adoption. charity may provid¢ appropTiatrd fill18] &ssistsnce with costs in cases of twdship. Trdinin and Promotion The ChaTity has produced a video which bas allowed it to be able to underth a wider Tall8e of educational activities, particularly with YOUD8 pcople to assist in ftmd raisingby showing the WO ndett ai meetings atsd seminars. The Ttust b&8 also r¢-dev¢10p its website to both overcome a number of technical issues and provide easier access to infornution provided and itettL which the trust s¢lls to promote its Work and raise vital fwmts. The charity is grateful to the ISDS (tnternatiorjal Sheep Dog Soctery) for th¢ recogjjition of the TTht artd allowing it io provide educational mwerial and UDdertake fidraiSIng at all its rnajor events. The TTUSt atso regularly promrt its WO and views thTougb the website, serninars and evettts. Where possibl< tbe charity has a]so wntinual a programme of trainiog events. aiTTred mairtly at other rescu¢ organisation& io eDsure that are abl¢ to awommodate and provide safea haven as possible for any Border Collies thai Jre rI8 for. Princi al Fundill Sources Th¢12rA¢¥ source of fimds been th¢ leRacy from the late Helen Clark TD ensure ihe Tn1 can continu¢ kn OP¢T< th¢ ¢Ewity has beth working to attract donatioDS from individuals who we are able to contact through the website and fun¢tions the TnL8( allet together with continued Supp from Suprt¢[S of tb¢ Tru many drmatcd with thc bcncfit olgift ai
Given the continued &mand for the seryices offered by the Cbarity and the reduced level of reserves available to support its Workwe now have 8 Yery able volunl¢er who has subtnittrd a number of applicatioThs to charitable trusts to see if thry ar¢ able to provide finan¢ial supw)rt with kx)th revenue and apital projects. We are gratefid for the cOtttinu support from the Rose Arrirnal Sanctuary and th¢ Sister Lilly Animal Charity and other grant gvers who Continue to support the day to day work of the Trust together with a Kegacy from the estate of the lats Heather Pope. Which allows the continued higher staff establishn)ent which rneaDs we are able to support each do8 more fully. ewing here possii)le they aTe available for rehorDinR sooner. The Tn is a]so weu supportsd by a number of volunle¢T5 who donat¢ th¢ir time aDd effort to directly assist the Trust. through work in lookillg after OT exercising ihe dogs in the Tnt'S care. assisting with transport or ulld¢tlaking a range of other dutie4 or who have donated goods or servi¢¢s which can be auctioned to produc¢ funding for th¢ TrusL Investmeni Powers & Poli Followin8 Ibe r¢¢eipt of th¢ Mahon and cla legacie8 amounts are currently invested irt deposits with two Charities Common Iovestsnent Fund5 and in two major UK banks the Board have agr¢¢d a prudent inv¢stm¢nt policy of continued use of bank dePlts. Charity Investm¢ni where not covered by governmental guarantees spread over a raD8e of ban and in National Savings and 2ilt edged secuTities. Reserves Polic The Board of Management has examined the charity's requirement for serVeS in ligbt of the main risks to the organisation. It bas tablished a policy WIrebY unrestricted fiumls not cooJnJitted or invested in tangible fixed held by tbe charity should coyer at least a year's eXpendIne. Now thai the Trusi ig rutming on a fooling. and income and expeDditure almost rnatch tbe tnLslees aTe considering the firture of (Njr work gAd have set up Project Expansion to start to butld up funds for the next p of our develnnment. Plans for Futhre Periods The charity plaLs to expand its activities in fvtyre years with an increased emphasis on the provision of training and advice witb work con¢iThuin8 OD T¢Se dogs and the care of those in the Trusts longterni care. The ]e of tlke land on which the kennel I0mM(.0 is buil¢ ran witil ihe 26th October 2022 and has now been Teplaced by a Tenancy Will. whi¢h mean5 that the Trnst needs to cortsider how to secure the mediutn to long term ture of the Trust. Work has been Oll-goillg to ideNify opiioDs on alt¢rnativ¢ premises wbich COld utili5ed to not ODJY provide pernInt accomOll but also a trading income to wbsidies the work of the TnLSt and how this could be financed. One option was inves¢igawl fu]ly in rh¢ year. incuThins prof¢55ional fees. but we were unable to agTee a dd wbieh eould be afforded by the TnLSt. The Board has b¢en ¢xpanded to allow the skius and resources necessary to take the T( forward so it will eventually be able Éo Opera when the fOLding Trust¢¢s tetire.
With moTe and moTe dogs iti need of rescue space than everbEfore vatb limited accommodation and facllities w¢ ar¢ un8bl¢ to ¢at¢r for all the dogs needing to ¢orne into our care. The Tn5 traitiing 2nd Teboming progran]me5 for dogs from both private hotnes and the dog pound8 has been so successful that with more ketmels. better facilities and mor¢ tyiners and training space we ould not only awollllnodate more dogs but could prepare them for rehorning n)uch sooner thall at PTestnt. The Tntst provides ba¢k up aud tt2iniDg for all its adopter5 and al pre5enl there are only outdoor facilities nukn'llg It very difficult to provide the service that is nethd to ensure that each adLVter flY understsnds the doE they are adopting. Expansioll lo improved and I faciliti would mean the TtU5t couldcat¢r for Jnor¢ dogs, prepaTe tbem for reboming in a shorter tirne and could pmvide facilities being the base for sanctuary dogs alld ones thai need more int¢nsiv¢ training. The expansion would provide th¢ opportunity io thke ID dogs that left in the homes or the dog pounds are put to sleep. At present we can only Cater for a very SDMII percentsge ofthese do8S. Stru¢tsre, Governance and Management Governin Document The 41$aLl0 is a charitable company limited by guaranttt. incOr)rated on th¢ 27th June 21 and Tegi5tered as a chartty on the 14th Novemb¢r 2(K17. The company was established under a Memorandum of kniation which establisbed the objxts and the powers of the cbaritable C<yn]Y. which were updated on the 8th November 2008 at the teque5t of the Charity Commission. and is governed wider its Articl¢s of Association. Jn the event of the company being wound up JDetnbErs are required to contribule aD alrUnt not exceed£ £1. me talld intmeTht of the Board of Direct(xs The Dir¢ctors of the CotDpany also the chArTty tnteeS forthe pws of charity law and under thc Company's Articles a known as memb¢rs ofthe Board of MaDagement. Under the requitellKnts of the M¢M0tllm and Articles of Associalion the membeT5 of th¢ Board of Manag¢m¢nt w continue to serve indefinitely. The Cbief Executive is r¢muneratedunder a Contrath of EmploymettL at the rate of the national living wa8¢ for Some of tbe tinie sbe c¢)]nmits to the work of the charity, the otherTr¢mber of tbe Board of Manag¢DMIt gives their lime vol)Jntan"ly and receive no benefit from the charity. Any expenses reciaitDed frotD tbe charity are set out An note 6 to the Financial Statementk
The Board of Management include individva]s skilled in the cart of Border Collies, the provision of training and mfornlation and th¢ management and adTninistration of chariti¢s as well a5 a broad UJAX of 8¢neTrl business skills. The rquirements of the charity are regularly r¢viewed additional melnbS will b¢ sought if and wh¢n any additional ski]l$ or experience are Rquired. Trustee Induction and Trdinin All TnteeS are eneouraged kn identify any addilional training requirements which would be benefi¢ia] to the work of the clwity. and if appropriate courses can be identified. they will be fijrmled from the fidS of the charity. Risk Mana ment Th¢ Board of Management has cooducted • review of the Jor risks kn whi¢h the charity is exposed. A risk regier has been ¢stablish¢d which is updated ai least annually. Whthr approprtate. sysiems and procedwes have been ¢stablisbed to mitigate the risks the chartty faces. Internal control risks are n)inirnised by tbe implementation of proceduTes for the authorisation of trat]saction ad projects. ProceduT¢S are in place to ensure compliance with h¢alth and Safety of staff, volwiteeTS, clients alld Visito to the chaTity5 premises and those atteThJing training ¢vents which have had to be reviewed and updated iti response to Covid-19. Full reStra"On is ThIntained for th¢ vaTiOUS databases beld by th¢ cbarity with the InfortnatiOD CollJmi55ion¢r's Offi¢¢ aud i policies of insurance is beld with the NFU Mutual Insurdnce Cunpany for the major risks facing the Chlty. anisation Structure The Board of Directors meet fomhally as and when require(L at least annually. tnainly through the use of iirtual etIll using appropriat¢ ¢l¢¢troryic m¢ans of cornmunicalion. A scheme of delegation is in place and day to day resp)Dsibiiiry forthe provision of services rests with the Cbief Executive. The ChieEExecutive is respon$il)le for ensllTitig the charity delivers the services specified and key perforn]ce targets aTe rneL Related Parties The chanty has ill place with the Chief Executiv¢ & cOntrt olEn]ployment for the PTOViSiOrt of the 5ervires provided by the G]wity. who is lettin8 the land OD which kennel accommodation h&% beett developed and utiiised by the Tnt on a T¢nan¢y at Will.
onsibtlities of th¢ Board of Man ement Company law requires the Board of Management to prepare Financial Statements for ea¢h finan¢ial y¢ar which give a true and fair view of the s(Ate of affairs of th¢ cknaritsble company as at the balance sheet dttc and of its incotning resources and application of resources. irEcluding income and ¢XP¢Dditure, for the financial year. tll pr¢paTiDg th¢ Ftnanciai Statements. the Board of Management shou]d follow best practice and: .Selt Suitable accouDtiThg policie5 and apply them co1$tellY. . Make judgements and estimates that reasonable and prudent. .Prepare the Financial Ststernents on the going concern basis, unless it is not appropriate to assume that ihe company will ¢ontinue on that basis. Th¢ Board of Mattagent is tesp(wible for Traint2iJJing proper accounting records which disclose with reasonable ac¢ura¢y at any tin th¢ financial position of th¢ eharitable company and to enable th¢rn to etjsure that the Fknancial Staiements comply with the Companies 2006. Th¢ Board of Management is alg) resp)nsible for safeguarding the a&8ets of the charAtable ompany aDd henc¢ takitig reasonable steps for the preventioD d¢t¢ction of fTrud and oth¢r irregularities. Memb¢rs of the Board of Mana ement Metnbers of the Board of Management, who are Directors for the pury)0se$ of compaDy law and trust¢¢s for the pun)oses of charity law. who seTYed duritt8 the year and up to the date of this report are set out on pag¢ l. In accordance with compthny law. as Conwy Dkr¢¢torn, we certIfyth. .So faT as we ar¢ aware, there is no rel¢vant infornjation of which the ompany's iThdepettdent CoUntants are unaware" and .As tbe Directo of the company we have laken all the steps that we ought to have taken in order to make ¢)urSelV aware of any relevant ]nforntion and to establish thai the charitys Inde)dent aollLs are aware of that inforntion. Accountants Nuvo Accountancy Limited were appoillt as the charitable company'$ independent accountants in previous years and bav¢ ¢xpr¢ssed their willingness to CODtiThue in that capacity. This report has been prepar¢d in ac¢ordgDce with the Statement of Recommended Practice.. Accounting and R¢porting by Charities (issued i Mar¢b 21J)S) and in a¢¢ordall¢e witb the special proVisi(K of Part VII of ibe Companies A¢t 2006 relating to small entities. Approved by tbe Board of ManageD)ent OD 17th Mch 2025 and signed on its bebalf by. David G Maitland
Independent ?¢tountants rert to the trnstw of Th¢ Fr¢edom of Spirit Trust for Border Collies We report on the ar¢(xwty of the company for the year ended 30 June 2024, whi¢h are s¢t out on pllges 9 to 15. Rwective responsibllities of tbe trn5tee gDd examiller The trusiees (who are also the directOTS of the company for the purpjses of company law) are responsible for the prepw4tion ofthe accounts. Th¢ truste&8 Consider that an audit is noi required for the year utLder section 144(2) of the Chariti¢s Aet 2011 (the 2011 Act) and that an independent MInatiOn is neede Having satisfied our5elve5 thai tb¢ ¢baTity is not subject to audit under ¢ompally13w and is elTrgible for independent exan)inatioD. it is n]y examine the accounts under section 145 of the 2011 Act: to follow the procedures laid down in the general Directions given by the Charity C0MiSsion WLd¢r s¢¢lioTh 145(5Xb) of the 2011 Act. and .10 state whether particular tDattets have come io my 8ttetttion Basis of indepeDdent report Our examination wa5 catTied out in a¢cordanc¢ with th¢ general Dir¢¢¢ions givth by the Charity Commission. An examination includes a review of the a¢counting records kept by the &ity and a cowlson of the accounts PTesent¢d wT¢h those r¢wrds. It a]so in¢lud¢s wnsideration of any Un1 itelljs or disr105ures in th¢ acroLkDts, seeking explanation fronL you as trSteeS eoncerning any such nutters. The proceths undertaken th) not prgvide all the evidence that would bc Tequired ill ao audit alld cou5equ¢ntly no opinion is given as to whether the accounts present a'lrue and fair view" and th¢ r¢DOrt is lin)it¢d to those otter5 sel out in the statement below. Independent accountants. Statement In connection with our eLiminatiotL no lltter has Con to our attention which siv¢s reasonable cause to believe in any materia] Tespect the Tequirements: .to keep accounting rorfs ID a¢[dance with section 386 of the Companies Act 2006. and 'a¢¢ountin8 requirements of section 396 of the companies Act 2006 and with the methods and principles of the StstetrLent of Recommded Pradice: AccountinR and Reporting by ChaTiii¢s Aecollntsmcy Cbarwed CertÈfied Accountallts First Floor, Sierling House Outrams Wharf Little Eaton Derby DE215EL 17(h March 2025
The Freedom of Splrit Tt for Border Collies Statement of Financial Adivities (mcluding llleome & Expenditure Account) for the year ended 30 June 2024 Funds Notrs 2(Q4 Incoming re51Jur¢es Donations & tgleS Total incorne resources I70.306 170JI)6 161.792 161,792 Resourtes expended Costs of Eenerating funds Charitable Activities Governance Costs Total sOurceS expended 6J21 142.939 2.889 152,149 135,743 4,087 14&476 Net movement in futtds l8.157 13.316 Reeon¢lliAtAOll of funds Total funds brought fonvard Transfer to Project Expansion Fund Totsl Cunds earrled lorwgrd 7.685 34,455 ( 40,086) 7,685 25,842 The statsmellt Df finan in¢hdes ll £ths and losses IM the Tb¢ statem¢llt of financial activities alJo complies WAth the requiremeots for income expenditure account llnder the Compallie5 Act 21N)6. All incoming resouru5 resources expended derkve from contijluing ctivitse5 xttd are ullrestrlete
The Freedom of Spirit Trust for Border Collles Balance Sheet as at 30 June 2024 Noles 2024 2(J23 Ftsed Assets Tangible fixed ets Current Assets Investments Debtors Caqh at bank and in hd io 10.316 19.039 823.293 852.648 9.530 48.673 774.891 833,094 Crediiors: allnts falling due within one year 12 { 17.199) 15.802) Nei Curren¢ Assets 835.449 835.449 835,449 817292 817.292 817292 Total assets less cunent1S•bllltles Net A35ets Unr¢strieted Funds Proj¢¢t Expansimi Fwid General funds 809.607 25.842 83S,449 809,607 7.685 817292 Totsl For the year ended 30 June 2024 the company is enuded to th¢ ex¢mpiion from the audit r¢qUIre¢llts c4)ntsined in section 477 of the Conwanies Act 2006. No me2Dber ol the con]pally has deposited a llotsce, pursuant to Se0 476 ot t Convari Act 2006. requiring an audit of these accourtts. The Directors acknowledge their respoDsibiiity for: (a) Ensuring that the ¢ompany keeps accountin8 records wbich co1ly1th se¢tion 386 of the ACL and (b) Pr¢paring accounts whicb give a tswe and fair view of the stste of affairs of the comwy as at 30 June 2024 aTLd of its income and expendibjre for the yeaT then ended in a¢¢ordance with section 396. and othenyise comply with the requirements of the Act relating to accoun so far as applicable to the fOTry>any. These a¢lts are wepar¢d in accordance with the special PTOViSiODS of section 396 of the Compantes Act to small WDpwes Approved bythe Board of Manag¢rnent on 17th MaTch 2025 and signed on its beFLalf David G Maitlaud 10
The Freedom of Spirit Trust for Border Cfjllies No¢e8 forming part of the FI¢thI Statements for the year ended 3• June 2024 Accoulltlng Pollcies The principa] accounting PDlicics adopted.iudgements and key sources of estin)ation uncenainty in th¢ prepardtigD of the Financial SwemeDts are a5 follow5: B45is of2¢¢0unting Th¢ Financial Swem¢nts have been prepared in accordance with the AccouDtiD8 and Reporting by Charities.. StameDt of Rerojrrnded Practice app]icable in the UK and Republic of Ircland {FRS102) {¢ff¢¢tiv¢ 1st Jonuary 2015)- (CbaTities SORP (FRS102)), the Fill(7a1 Reporting Standard applicable in the UK Jnd Republic of Ireland IFRS102 and the Companies Act 2006. The Freedom of Spirit Tn for Border Colltes rneets the defmition of a public benefrt entity under FRS102. Assets 2t)d liabilities aTe initially recognised at historical CO or transactional value. Preparatioll of ¢he a¢¢Dunts on g golng cern basis The Trnst reported a reaSODable suryJhLS for the year and has transferred fjjnds to the Project Expansion Fund. Th¢ TnLSte¢s believe that thi5 does not adversely affe¢t the Tn)st and on this basis the charity is a going corKern. Incoming regour¢es All iThcornitL8 resources are included in the Statemeot of Financial Activities when the charity is entitled to the income and the amount can be qualltified with r¢asonabl¢ auY. The following specific policies are applied to particular categories of income. Legacie5 includ¢d when the chty hLs been notified of the gift and the atllowEt is reasonably certsin. Grants 2re re¢ognised when the marching exrKnditure is Incu. Voluntary income is received by way of donations aDd sifts aDd is included in full in the Statement of Financia] Acttvities when received. Donaied services and fa¢iliti¢s are included at the value to tbe chaTity where thi5 Can be quantificd. The vatue of services provided by voluners has Dot be¢n tncluded in th¢s¢ ac¢ounts. Gift aid 1$ recognised a debtor in Tespect of all appmpriat¢ sit13 Tethgnised in the accounts. Interest on fiinds held on deposit is includ¢d wbeD re¢¢iv8ble and the amount wi b¢ measured reliably" this is norn]ally upon notification ofthe interest paid orpayable by the Bank. Fund *£countittg Unres¢ri¢ted fithds are available to spend on a¢tivitie5 that further aoy purp05¢s of the Trust. Desiguatcd fiLn&8 are ut)restrickna funds which tbe trustees have decided #ttheir discretion to set aside for a Specific pu05 11
The Freedom of Splrlt Trust for Border Collies Notes forjning pgrt of tbe WiJw¢121 Ststements for the yexr ended 30 June 2024 (conL) Resources expended Expenditure is recognised on an accnjals basi5 as a liability is incuffd Expenditure include5 any VAT which cannot be fully re¢overt a3 is r¢poned as part of the expeDditut¢ to which it relates. Costs of gen¢rntitig fimds comprise the costs asscciated with attrncting voliitstary income. Charitable expendithr¢ comprises those costs incurr¢d by the cb8rity in the delivery of its activities and ser¥i¢es for its b¢u¢fi¢iaries. It includes both costs thatcan be allocated directly to such activities and those costs of an itNJirect nalure necessaryto supwrt th¢tn. GoveEDance costs include thobe costs associad with me¢ting the ¢onstitutional and statutory requiren)ents of the charity and includ¢ &¢covntants' f¢¢s and costs linked to the strdt¢gic managem1 of the charity. I costs are allocated between the expenditure ¢at¢gori¢s of the Staternt of Financial A¢tiviti¢$ on a basis desigDed to Teflect the use of th¢ resource. C(ksls relating to a particular activity are allocated dirKtly. Oth are app)rtioned on an appropriate basis as scf out in Note 3. f. Tallglble nxed assets and depre¢iatioa individual fixed assets ¢osting £100 or more are ¢apitaiised at 5t and ate Motor Vehicles 3yea Current Asset luvestllwnts knvestmtnts are carried at the current valuation at th¢ bal¢ sb¢et date. 2 Legal 5tatU5 of the Trust The TTu is a ¢oJnpaDy limited by guarantee and has no share capital. In the event of the Tnt being w0d up. tbe liability in respect of the guarantee is limited to £1 per m¢mber of th¢ Tnkst. 3 Donations and Legacles 2023 Sale of Goods Legacies Grants Other Donations Gift Aid receivable Interest Received & Investment Income Total 4210 292 26,802 84,894 13,969 40,139 170,306 4,412 41,626 23.056 63,445 8,340 20.913 161,792 12
The Freedom of Splrtt Trust for Border Colties Note5 fornthig pth of the Flnn¢lAI Stten*ots for the year ended 3• June 2024 (cont.) 4 Totsl Resources expended 2023 Total 2024 Costs direetly allocated to aetlvltles Dog food Vderinary services Direct Kennels Costs Direct Dew¢¢iation Direct Flyers & Fund Raising Dir¢ Goods for Resale Direct Transport D¢¢t Equipment Direct Accountants Fees Total Direct Costs 1699 12.714 4.674 2.699 12,714 4.674 3.194 16.100 4.409 386 1.957 2,466 958 900 26,754 816 1.847 1.397 328 1,957 2.466 958 900 2.343 23.511 28.691 Support ctr$ts 4llocaled to a¢tivities Salaries Staff time T¢lephone Usage Jnsurance Usage Computer and website U5ag¢ Secretarial Expenses Usage Total Support C05ts Total resource5 expended 2023 3248 14 428 93 195 3,978 6,321 I l6.874 50 .497 326 1.624 l2l.746 71 2.139 111.551 756 1,876 3.170 2,432 119,785 148,476 214 47 97 1.989 2.889 973 125.395 152.149 119.428 142.939 S Net incoming re50wrce5 for the year 2024 2023 Thi5 is afttt elwging: Accountants, remuneTation 600 13
The Freedom of Spirit Trust foT Border Collies Notes forming part of the Fitwicial Statements for the ye•r ended 3(1 June 2024 {¢ont.) 6 Slaff Costs and Iyumbers 2024 2023 Salarie5 & wages Social security Costs Pension Costs Total 117,904 2,077 1.763 121,744 108.515 1.559 1.477 111.551 No of Employees 2024 2023 The maiD emplo5 durin8 the year were the Chief Executtve who was contracted to work 35 bows per we¢k and fiv¢ part tim¢ Kennel A&sistants who work directlyonthe qre and the trainittg of the dogs in the Tnl'S care. As a small employer the charity provides the NEST defined CtributIon scheme for all its ¢nwloye¢s contributiag 3°A of qualifying ¢arnings. 7 Trustee Remunerathn & Related Party Transactin5 The total emoluments of the Chief Executive were £15.37212023 - £ 17.631). The Cbief Execthtive bas a verSiOnary free1Id interesi in the land on which the chaTtty tJas d¢v¢loped kennel Ionn0d&ll0n. The Trust has put in place a policy of insurance to caver the responsibilities uftderttn by Directors and 01Ters. 8 TtiO AS a ¢harity, the Freedom of Spiyit Trust for Border Colties is exempt from on income and gains falling within section 505 of the TeS Act 1988 or section 256 of the T&xation of Chargeable Gains Act 1992 to the extent these are applied to tts charitable object5. No tax charge arisen in the CIlty. 9 Tan£lble fixed assets Kemiel Mott Total Cost As at 30th June 2023 and 2024 112,196 i i.((K) 123.196 D¢prffi#tio As al 30th JurL¢ 2023 Charge As at 30th Julle 2024 112.196 11,000 123.196 112,196 il,(K l23,196 Net book value At 30th J¢ 2024 At 30th Iwie 2023 14
Tbe Freedom of Spirlt Trust for Border Collles Notes forinillg prt of the Financial Statements for the year ended 30 June 2024 (cont.) 10 Investnnts 21)24 2023 M & G Charibond M & G Chlfid 5224 5.092 4,813 4,717 11 Debtors 2024 2023 Gift Aid Interest Receivabl¢ Legacy Legal & Secretstial 13,901 3.138 8,010 2,538 38.125 2,Th)0 19,039 48,673 12 Credllors . Amounts FlllDg Due wlth ODe Year 2024 2023 Accouniants, Fee 900 600 Grants Prepaid AccTued Salary & Holiday Pay Other Creditors & Accruals Total 13.371 2,928 17,199 13.597 1.605 15,802 13 oth¢r Inform?tIOD The Freedom of Spirit Trn5t for Bordercollies is a priva limited CODJpany by guaraDtee without share wifal and incoryoratsd in Il's rysteted office is: Golcar Farni. Spring Lane Eldwick Bingl¢y West Yorkshire BD16 3AU 14 C4pitsl Commitments & Post Balance Sheet Event After over five y¢aTS of searching for a p¢rnwieDt base for the Tn]st ¢)n th¢ 23rd May the Boa approved an offer to purchase Copy N(K)k FamK Saltetforth. Lan¢ashiTr for the 1£ price of £565.000 wbich was subststttially confJrn)ed by a valuation by Ha)fJeld Robinson. Since that date the legal prO¢S has been only progressing slowly. mainlydue lo inaction on tbe part of 501icitors. but exchange of contracts took pace on 21st January 2025 witb Completi taking place on 28th February 2025. The property will require works ¢0 convert the current fatm bouse into accomn)odation for two members ofstaff and the barn and out buildings into kennels which are suitable for the Trust's purpos that economic to operate. which it is hoped will be undertaken utilising the balance of the jeCt ExpaLsion Fun& grants from donors and assistance frLKn volunleers. 15