2025-06-30-accounts

The Freedom of Spirit Trust for Border Collies (A company limited by guarantee)

Report and Financial Statements For the Year Ended 30 June 2025

Charity Number 1121598 Company Number 6294336

The Freedom of Spirit Trust for Border Collies (A company limited by guarantee)

Financial Statements For the Year Ended 30 June 2025

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The Freedom of Spirit Trust for Border Collies

Report of the Board of Management for the year ended 30 June 2025

The Board of Management presents its Report and Financial Statements for the year ended 30" June 2025

Reference and Administrative Information

CharityName	TheFreedomofSpirit Trust forBorder
	Collies
Charityregistrationnumber	1121598
Company registration number	6294336
Registered Office and operational address Golcar Farm,
	Spring Lane,
	Eldwick,
	Bingley,
	West Yorkshire.
	BD163AU

Patron

Dame Ellen MacArthur DBE

Board of Management

Mr David Maitland Chairman & Secretary Mrs Barbara Sykes Chief Executive Mrs Gill King Mr Peter Tomson Mr Stuart Verity

Veterinary & Welfare Ambassador

Mr Peter O' Hagan

Principal Volunteer

Mrs Vicky Metcalf Deputy Manager Accountants Nuvo Accountancy Limited, Millenium Court, First Avenue, Burton upon Trent, DE14 2WH

Bankers

Solicitors

Nat West, 63 North Street, Keighley, West Yorkshire, BD21 3SB

LCF Law,

One St. James Business Park New Augustus Street Bradford BD1 5LL

Il

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Our Aims and Objectives Purpose and Activities

Our charity’s purpose, as set out in the objects contained in the company’s memorandum of association, is to promote humane behaviour towards Border Collie dogs by providing appropriate care, protection, treatment and security of Border Collies which are in need of care and attention by reasons of sickness, maltreatment, poor circumstances or ill usage and to educate the public in matters pertaining to Border Collie welfare in general and the prevention of cruelty and suffering among Border Collie dogs.

The aims of the charity are to ensure the future and survival of the Border Collie as a breed known for its intelligence, working ability and loyalty by providing a better understanding of the Border Collie, its needs and training in both working and companion homes by promoting effective education about the specific needs of Border Collies, and to provide sanctuary, both physical and mental for dogs, of a Border Collie type who are in difficulties, especially where they are unsuitable for rescue organisations and re-homing programmes.

Ensuring our work delivers our aims

The Charity was established with the benefit of a legacy from the estate of the late Bernard Mahon to support the work which was being undertaken by Barbara Sykes to promote the Border Collie and to provide a safe haven for dogs who were suffering from mistreatment or abuse, as originally publicised in the Freedom of Spirit magazine.

The main emphasis of the work of the Trust to date, has been to deal with the large number of rescue cases which are being referred for assistance, with the benefit of the legacy from the late Helen Clark the emphasis now is to develop permanent accommodation at Copy Nook Farm to ensure the long term viability of the Trust.

The focus of our work

During the year the focus of the Trusts work has been the care, support and training of the rescue dogs which are in the care of the Trust, so that they are able to move forward to being able to secure a permanent home as well as looking after the sanctuary dogs.We have been able to build on our use of social media to be able to put out a smal! number of podcasts which aim to assist owners of Border Collies understand and care for their dogs.

The Trustees have spent a significant amount of time during the year in planning for the redevelopment of Copy Nook farm and worked with Elm FM as contractor on the upgrading of the access road so that the property can be accessed more easily. As well as with TS Archdesign to prepare an application for planning permission to convert the farmhouse to two properties suitable for on-site staff accommodation.

We are grateful to the smail band of volunteers who fundraise to support the work of the Trust or who donate regularly to assist to cover the routine operations of the Trust.

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The relationship with the ISDS (International Sheep Dog Society) which initially started by providing valuable information for their archive history of the breed website has now grown so that we are the only rescue organisation which they officially recognise and as a partner provide a link to on their website and again this year the Trust is invited to undertake fundraising at their events including the world trials in North East England in 2026.

How our activities deliver public benefit

Our main activities and how we try to help the Border Collie breed are described below. All our charitable activities are focused on the promotion of the Border Collie breed, and providing sanctuary and training for dogs who will either be rehomed into a supportive working or companion home, with appropriate financial assistance for those older dogs who require additional veterinary care, or who will remain housed by the Trust for the remainder of their lives.

The year has continued to be impacted by the cost of living crisis which has effected the amount of grant received and increased costs which has impacted on the outturn for the year. We still kept our dogs as long as needed to assess them correctly and to put them on training programmes before putting them up for rehoming.

Rescue Dogs

With the number of abandoned and unwanted dogs continuing to escalate each year, and more this year with many people abanding the puppies purchased during the lock down, our kennels assistants have worked hard to ensure that our limited accommodation available has been used to full potential with 1,196 dogs now accepted by the Trust to date, we took in 49 dogs from pounds and homes, 39 were rehomed during the year, 2 dogs duc to health issues beyond medical help were pts and eight dogs went forward to the following year.

All dogs are fully assessed by veterinary professionals, microchipped and most are neutered while in the care of the Trust, and potential adopters are checked and are required to spend time with the dogs at the charity's base before they are allowed to take a dog away on a longer term adoption.

Where dogs are older, with greater age related veterinary care requirements, the charity may provide appropriated financial assistance with costs in cases of hardship.

Training and Promotion

The Charity has produced a video which has allowed it to be able to undertake a wider range of educational activities, particularly with young people and to assist in fund raising by showing the work undertaken at meetings and seminars which it is expected can be increased once we have Copy Nook Farm fully operational.

The Trust has also uses its website and social media to provide easier access to information, items which the trust sells, to promote its work and raise vital funds.

The charity is grateful to the ISDS (International Sheep Dog Society) for their recognision of the Trust and allowing it to provide educational material and undertake fundraising at all its major events.

Where possible,the charity has also continued a programme of training events, aimed mainly at other rescue organisations, to ensure that they are able to accommodate and provide as safe a haven as possible for any Border Collies that they are caring for.

Principal Funding Sources

The largest source of funds has been the legacy from the late Helen Clark,

To ensure the Trust can continue to operate, the charity has been working to attract donations from individuals who we are able to contact through the website and functions the Trust attends together with continued support from supporters of the Trust, many donated with the benefit of gift aid.

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Given the continued demand for the services offered by the Charity and the reduced level of reserves available to support its continuing work we now have a very able volunteer who has submitted a number of applications to charitable trusts to see if they are able to provide financial support with both revenue and capital projects.

We are grateful for the continued support from the Rose Animal Welfare Charity and the Ostachini Trust and other grant givers who continue to support the day to day work of the Trust. Which allows the continued higher staff establishment which means we are able to support each dog more fully, ensuring where possible they are available for rehoming sooner.

The Trust is also well supported by a number of volunteers who donate their time and effort to directly assist the Trust, through work in looking after or exercising the dogs in the Trust's care, assisting with transport or undertaking a range of other duties, or who have donated goods or services which can be auctioned to produce funding for the Trust.

Investment Powers & Policy

Following the receipt of the Clark legacy, amounts are currently invested in deposits with the CCLA Charities Common Investment Funds and in Nat West Bank and the Board have agreed a prudent investment policy of continued use of bank deposits, Charity Investment funds where not covered by governmental guarantees spread over a range of banks, and in National Savings and gilt edged securities.

Reserves Policy

The Board of Management has examined the charity’s requirement for reserves in light of the main risks to the organisation. It has established a policy whereby unrestricted funds not committed or invested in tangible fixed assets held by the charity should cover at least six month's expenditure.

The Trust has allocated from its Reserves an amount equal to the Net Book Value of its investment in land and property to reflect that these amounts are not available to support the day to day operating activity of the Trust.

Plans for Future Periods

The largest project to ensure that the Trust is sustainable in the future is the renovation of Copy Nook Farm, which should increase our capacity to house rescue and sanctuary dogs and provide a venue to education and fund raising events.

The charity plans to expand its activities in future years with an increased emphasis on the provision of training and advice with work continuing on rescue dogs and the care of those in the Trust's long term care.

The lease of the land on which the kennel accommodation is built ran until the 26th October 2022 and has now been replaced by a Tenancy at Will. As set out more fully in Note 14 to the Financial Statements the Trust has now started work on a property which it is hoped will secure its long term future.

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The Board has now got the skills and resources necessary to take the Trust forward so it will eventually be able to operate when the founding Trustees retire.

With more and more dogs in need of rescue space than ever before with our limited accommodation and facilities we are unable to cater for all the dogs needing to come into our care. The Trust's training and rehoming programmes for dogs from both private homes and the dog pounds has been so successful that with more kennels, better facilities and more trainers and training space we could not only accommodate more dogs but could prepare them for rehoming much sooner than at present. The Trust provides back up and training for all its adopters and at present there are only outdoor facilities making it very difficult to provide the service that is needed to ensure that each adopter fully understands the dog they are adopting.

Expansion to improved and larger facilities should mean the Trust could cater for more dogs, prepare them for rehoming in a shorter time and could provide facilities being the base for sanctuary dogs and ones that need more intensive training. The expansion will provide the opportunity to take in dogs that if left in the homes or the dog pounds are put to sleep. At present we can only cater for a small percentage of these dogs.

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on the 27th June 2007 and registered as a charity on the 14th November 2007. The company was established under a Memorandum of Association which established the objects and the powers of the charitable company, which were updated on the 8th November 2008 at the request of the Charity Commission, and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of the Board of Directors

The Directors of the Company are also the charity trustees for the purposes of charity law and under the Company’s Articles are known as members of the Board of Management. Under the requirements of the Memorandum and Articles of Association the members of the Board of Management can continue to serve indefinitely.

The Chief Executive is remunerated under a Contract of Employment, at the rate of the national living wage for some of the time she commits to the work of the charity, the other member of the Board of Management gives their time voluntarily and receive no benefit from the charity. Any expenses reclaimed from the charity are set out in note 6 to the Financial Statements.

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The Board of Management include individuals skilled in the care ofBorder Collies, the provision of training and information and the management and administration of charities as well as a broad mix of general business skills. The requirements of the charity are regularly reviewed and additional members will be sought if and when any additional skills or experience are required.

Trustee Induction and Training

All Trustees are encouraged to identify any additional training requirements which would be beneficial to the work of the charity, and if appropriate courses can be identified, they will be funded from the funds of the charity.

Risk Management

The Board of Management has conducted a review of the major risks to which the charity is exposed. A risk register has been established which is updated at least annually. Where appropriate, systems and procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for the authorisation of all transaction and projects.

Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the charity's premises and those attending training events which have had to be reviewed and updated in response to Covid 19.

Full registration is maintained for the various databases held by the charity with the Information Commissioner’s Office and a policies of insurance is held with the NFU Mutual Insurance Company for the major risks facing the charity.

Organisation Structure

The Board of Directors meet formally as and when required, at least annually, mainly through the use of virtual meetings using appropriate electronic means of communication.

A scheme of delegation is in place and day to day responsibility for the provision of services rests with the Chief Executive. The Chief Executive is responsible for ensuring the charity delivers the services specified and key performance targets are met.

Related Parties

The charity has in place with the Chief Executive a Contract of Employment for the provision of the services provided by the charity, who is letting the land on which kennel accommodation has been developed utilised by the Trust on a Tenancy at Will.

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Responsibilities of the Board of Management

Company law requires the Board of Management to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these Financial Statements, the Board of Management should follow best practice and:

• Select suitable accounting policies and apply them consistently.

• Make judgements and estimates that are reasonable and prudent.

• " Prepare the Financial Statements on the going concern basis, unless it is not appropriate to assume that the company will continue on that basis.

The Board of Management is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the Financial Statements comply with the Companies Act 2006. The Board of Management is also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Board of Management

Members of the Board of Management, who are Directors for the purposes of company law and trustees for the purposes of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as company Directors, we certify that:

*So far as we are aware, there is no relevant information of which the company’s independent accountants are unaware; and

“As the Directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's independent accountants are aware of that information.

Accountants

Nuvo Accountancy Limited were appointed as the charitable company’s independent accountants in previous years and the Trust will be undertaking a retender of this service for the next financial year.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small entities.

Approved by the Board of Management on 3rd March 2026 and signed on its behalf by:

Vee us -

David G Maitland Chairman

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Independent accountants report to the trustees of The Freedom of Spirit Trust for Border Collies

We report on the accounts of the company for the year ended 30th June 2025, which are set out on pages 9 to 16.

Respective responsibilities of the trustee and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied ourselves that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: "examine the accounts under section 145 of the 2011 Act;

“to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and "to state whether particular matters have come to my attention

Basis of independent accountants’ report

Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent accountants’ statement

In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe in any material respect the requirements:

"to keep accounting records in accordance with section 386 of the Companies Act 2006; and

“accounting requirements of section 396 of the companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

Nuvo Accountancy Limited = ~~Vi~~ e Accountancy Limi ~~ted~~ Chartered Certified Accountants = Millenium Court

First Avenue Burton upon Trent DE14 2WH

3rd March 2026

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The Freedom of Spirit Trust for Border Collies Statement of Financial Activities (including Income & Expenditure Account) for the year ended 30" June 2025

			Total	Funds
	Notes		2025	2024
			£	£
Incoming resources
Donations& Legacies	3		160,606	170,306
Total income resources			160,606	170,306
Resources expended
Costs ofgenerating funds			6,580	6,467
Charitable Activities			117,642	142,757
Governance Costs			3,107	2,925
Total resources expended	4		127,329	152,149
Netmovement in funds			33,277	18,157
Reconciliation offunds
Total funds brought forward			25,842	7,685
Transfer from Project ExpansionFund			603,526
Transfer to PropertyFund		(	603,526)
Totalfundscarriedforward			59,119	25,842

The statement of financial activities includes all gains and losses in the year.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

All incoming resources and resources expended derive from continuing activities and are unrestricted.

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The Freedom of Spirit Trust for Border Collies Balance Sheet as at 30 June 2025

	Notes		2025		2024
			£	£	£	£
Fixed Assets
Tangiblefixed assets	9			605,993		-
Current Assets
Investments	10		5,281		10,316
Debtors	11		10,136		19,039
Cash atbank and inhand			268,083		823,293
			283,500		852,648
Creditors : amounts falling
due withinone year	12	(	20,767)		(17,199)
Net Current Assets				262,733		835,449
Total assets less current liabilities				868,726		835,449
Net Assets				868,726		835,449
Unrestricted Funds
PropertyFund				603,526
ProjectExpansion Fund				206,081		809,607
General funds				59,119		25,842
Totalfunds				868,726		835,449

For the year ended 30" June 2025 the company is entitled to the exemption from the audit requirements contained in section 477 of the Companies Act 2006.

No member of the company has deposited a notice, pursuant to section 476 of the Companies Act 2006, requiring an audit of these accounts.

The Directors acknowledge their responsibility for:

(a) Ensuring that the company keeps accounting records which comply with section 386 of the Act; and

(b) Preparing accounts which give a true and fair view of the state of affairs of the company as at 30" June 2025 and of its income and expenditure for the year then ended in accordance with section 396 , and otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the company.

These accounts are prepared in accordance with the special provisions of section 396 of the Companies Act 2006 relating to small companies

Approved by the Board of Management on 3rd March 2026 and signed on its behalf by \ A

David G Maitland Chairman

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The Freedom of Spirit Trust for Border Collies

Notes forming part of the Financial Statements for the year ended 30" June 2025

1 Accounting Policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the Financial Statements are as follows:

• a. Basis of accounting

The Financial Statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 and the Companies Act 2006.

The Freedom of Spirit Trust for Border Collies meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transactional value.

b. Preparation of the accounts on a going concern basis

The Trust reported a reasoanable surplus for the year and has transferred funds to the Property Fund which represents those reserves which are invested in property. The Trustees believe that this does not adversely affect the Trust and on this basis the charity is a going concern.

• c. Incoming resources

All incoming resources are included in the Statement of Financial 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 of income.

Legacies are included when the charity has been notified of the gift and the amount is reasonably certain.

Grants are recognised when the matching expenditure is incurred.

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

Gift aid is recognised as a debtor in respect of all appropriate gifts 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 of the interest paid or payable by the Bank.

d. Fund accounting

Unrestricted funds are available to spend on activities that further any purposes of the Trust. Designated funds are unrestricted funds which the trustees have decided at their discretion to set aside for a specific purpose.

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The Freedom of Spirit Trust for Border Collies

Notes forming part of the Financial Statements for the year ended 30" June 2025 (cont.)

• e. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include accountants' fees and costs linked to the strategic management of the charity.

Ali costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis as set out in Note 4.

• f. Tangible fixed assets and depreciation

Individual fixed assets costing £100 or more are capitalised at cost and are

• depreciated over their estimated useful economic lives on a stright line basis as follows:

Motor Vehicles

• 3 years

As Copy Nook Farm is still awaiting renovation works and fitting out to create two properties for staff accommodation and kennels and ancillary facilities to meet the Trust's operational requirements, no depreciation has been charged to date on the assets.

Once works are commenced the Trust will be in a better position to assess the Economic Useful Lives of the various assets and charge depreciation accordingly.

• g. Current Asset Investments Investments are carried at the current valuation at the balance sheet date.

2 Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the Trust being wound up, the liability in respect of the guarantee is limited to £1 per member of the Trust.

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The Freedom of Spirit Trust for Border Collies

Notes forming part of the Financial Statements for the year ended 30™ June 2025 (cont.)

3		Donations and Legacies	Donations and Legacies
							2025	2024
							£	£
		Sale ofGoods					4,372	4,210
		Legacies					30,000	292
		Grants					21,500	26,802
		Other Donations					66,835	84,894
		GiftAid receivable					9,487	13,969
		Interest Received& InvestmentIncome					28,412	40,139
		Total					160,606	170,306
4		Costs directly allocated to activities
			= 2 sfost, $3 gH 22 S66		2 22 gst 64	3 2 3	2025	2024 Total
				£	£	£	£	£
		Dogfood	Direct		969		969	2,699
		Veterinary services	Direct		11,615		11,615	12,714
		Kennels Costs	Direct		4,744		4,744	4,674
		Depreciation	Direct		1,233		1,233	-
		Flyers&FundRaising	Direct	29}			291	386
		Goods forResale	Direct	1,781			1,781	1,957
		Transport	Direct		1,307		1,307	2,466
		Equipment	Direct		100		100	958
		Accountants Fees	Direct			900	900	900
		Total Direct Costs		2,072	19,968	900	22,940	26,754
		Support costs allocated fo activities
		Salaries	Stafftime	3,597	95,021	1,799	100,417	121,746
		Telephone	Usage	14	50	7	71	71
		Insurance	Usage	488	1,709	244	2,441	2,139
		Computerandwebsite	Usage	134	134	67	335	466
		Secretarial Expenses	Usage	275	760	90	1,125	973
		Total SupportCosts		4,508	97,674	2,207	104,389	125,395
		Total resources expended		6,580	117,642	3,107	127,329	152,149
			2024	6,467.~—«142,757—	~—«142,757—	2,925,	s—s—~—~—é«i:«S, AA
	5	Netincoming resources for the year
							2025	2024
							£	£

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£
900 900
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This is after charging: Accountants’ remuneration

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The Freedom of Spirit Trust for Border Collies

Notes forming part of the Financial Statements for the year ended 30 June 2025 ({cont.)

6	StaffCosts and Numbers
		2025	2024
		£	£
	Salaries&wages	98,628	117,904
	Social security costs	542	2,077
	Pension Costs	1,247	1,763
	Total	100,417	121,744
		No ofEmployees
		2025	2024
		7	7

The main employees during the year were the Chief Executive who was contracted to work 27 hours per week and five part time Kennel Assistants who work directly on the care and the training of the dogs in the Trust's care.

As a small employer the charity provides the NEST defined contribution pension scheme for all its employees contributing 3% of qualifying earnings.

7 Trustee Remuneration & Related Party Transactions

All staff are remunerated at the National Living Wage

The total emoluments of the Chief Executive were £16,751 (2024: £ 15,372)

The Chief Executive has a reversionary freehold interest in the land on which the charity has developed kennel! accommodation.

The highest paid employee was Beatrice Harrison one of the full time kennel Assistants who earned £ 17,823 (2024: £21,155)

The Trust has put in place a policy of insurance to cover the responsibilities undertaken by Directors and Officers.

8 Taxation

As a charity, the Freedom of Spirit Trust for Border Collies is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent these are applied to its charitable objects. No tax charge has arisen in the charity.

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The Freedom of Spirit Trust for Border Collies

Notes forming part of the Financial Statements for the year ended 30" June 2025 {cont.)

				Charitable	Access	Leasehold
9	Tangiblefixed assets	Land	Farmhouse	Buildings	Road	Kennels	Motor	Total
	Cost
	As at30th June2024	“	-	-	-	112,196	11,000	123,196
	Additions	167,262	367,883	41,815	26,566	-	3,700	607,226
	As at30thJune 2025	167,262	367,883	41,815	26,566	112,196	14,700	~—_—-730,422
	Depreciation
	As at 30th June2024	-	-	-	-	112,196	11,000	123,196
	Charge	-	-	-	-	-	1,233	1,233
	As at 30th June2025	-	-	-	-	112,196	12,233	124,429
	Net bookvalue
	At 30th June 2025	167,262	367,883	41,815	26,566	-	2,467	605,993
	At 30th June 2024	-	-	-	-	-	-	-
10	Investments	2025	2024
		£	£
	M&GCharibond	-	5,224
	M& GCharifund	5,281	5,092
		5,281	10,316

1S

The Freedom of Spirit Trust for Border Collies Notes forming part of the Financial Statements for the year ended 30" June 2025(cont.)

11	Debtors	2025	2024
		£	£
	GiftAid	9,441	13,901
	Interest Receivable	695	3,138
	Prepayments	-	2,000
		10,136	19,039
12	Creditors : Amounts FallingDuewithOne Year	2025	2024
		£	£
	Accountants' Fee	-	900
	Accrued Salary& Holiday Pay	13,173	13,371
	PAYE&NI	2,411	-
	OtherCreditors& Accruals	5,183	2,928
	Total	20,767	17,199

13 Other Information

The Freedom of Spirit Trust for Border Collies is a private limited company by guarantee without share capital and incorporated in

England. It's registered office is:

Golcar Farm,

Spring

Lane

Eldwick

Bingley West Yorkshire BD16 3AU

14 Capital Commitments & Post Balance Sheet Event

The Trust purchased Copy Nook Farm on the 28th February 2025 and since that date has been working on plans to convert the current farm house into accommodation for two members of staff and the barn and out buildings into kennels which are suitable for the Trust's purposes that economic to operate, which it is hoped will be undertaken utilising the balance of the Project Expansion Fund, grants from donors and assistance from volunteers.

The immediate requirement was to improve the access road to the property to allow easier access, with the worst 115 metres in May 2025, although further work is required to other areas of the road. Plans have been drawn up for the work on the farmhouse and an application for planning permissions was submitted in August 2025, once this is approved contracts will need to be let to undertake the required works.

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