LINCOLNSHIRE GREYHOUND TRUST
REGISTERED CHARITY No. 1103656
ANNUAL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
LINCOLNSHIRE GREYHOUND TRUST
ANNUAL REPORT 2021
2021
The Trustees present their sixteenth annual report for the year ended 31st December 2021.
2021 saw Lincolnshire Greyhound Trust successfully rehome 171 greyhounds which was down by 34 on last year, but still the second highest year in our history after 2020.
The primary aim of the charity continues to be to successfully rehome as many greyhounds into good homes as possible.
LGT and it’s predecessor have found homes for 2,230 different greyhounds at the end of the year. This method of counting takes out duplications where a greyhound is rehomed in one year then returned and rehomed again in a different calendar year.
We ensure that new owners are given all the support, help and guidance they require when they rehome a retired greyhound from LGT and hope they become part of the thriving Lincolnshire greyhound community.
In 2021 we operated out of three kennels with our Lincolnshire kennel near Boston supplemented by the kennels in Oxfordshire and near Epping in Essex.
2021 was another strange and unique year with Coronavirus still impacting on how we did things, but we continued to improvise well and ended up having a very good year both homing wise, but also financially.
Financially in 2021 we received £8,218.87 more than we spent.
Income during the year was £107,806.33 which was an increase of £14,536 from 2020.
The LGT lottery brought in a profit of just over £6,669 up by £1,096 on 2020.
Donations totalled £28,730 down by just under £23,731 on 2020.
The sale of small items totalled just over £1,991 down by £184 on 2020.
The GBGB Greyhound Retirement Scheme brought in £48,200 up by £34,900 on 2020 explained by the fact it operated for the full year having only started in September 2020.
We received a one off legacy of £10,000 in 2021.
Sponsorships brought in £1,190 up by £905 on 2020.
Commissions from Petplan, Easyfundraising, Amazon Smile and others brought in just under £6,139 up by £2,576 on 2020. from HMRC in Gift Aid.
We claimed no Gift Aid in 2021 compared to £4,783 in 2020.
Page 1
LINCOLNSHIRE GREYHOUND TRUST
ANNUAL REPORT 2021
Our expenditure was £101,692.46, up by just under £17,441 in the year compared to 2020.
Vet costs were £15,959 which was up by just under £2,635 on 2020. Van costs were £33,598 which was up by just over £3,789 on 2020. Kenneling costs were £38,693 which was up by £11,660 on 2020. Stationery and postage was £407 which was down by just over £317 on 2020. Advertising costs were just under £594 which was up by £268 on 2020. Purchase of stock was just over £5,829 which was down by £1,800 on 2020.
The balance at the year end was £27,819.15.
The LGT’s Income and Expenditure account for 2021 has further information.
2022
Our aims for 2022 remain the same as last year and are:
to continue to successfully rehome as many greyhounds as possible and hopefully match or beat last year’s total of 171
to continue to attend as many events as possible to promote the benefits of greyhound ownership and raise awareness
to continue to help and provide full support to all those existing greyhound owners with any potential problems or issues they may have.
SUMMARY
This report has been prepared, and agreed, by the trustees of Lincolnshire Greyhound Trust
24 October 2022
Page 2
LINCOLNSHIRE GREYHOUND TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2021
| Note 2021 £ RECEIPTS Donations & collections 28,730.29 Lottery receipts & subscriptions 10,950.20 Income from merchandise 1,991.40 Grants and legacies received 10,000.00 Commissions received 6,138.94 Event income 605.50 Other income 48,200.00 Sponsorship schemes 1,190.00 Gift Aid - Total receipts 107,806.33 PAYMENTS Lottery prizes 4,281.00 Kennel fees 38,693.50 Purchase of merchandise 5,829.41 Veterinary fees 15,959.29 Show fees 225.10 Stationery & postage 407.52 Advertising 593.66 Van expenses 33,597.98 Other expenses Total payments 99,587.46 Net of receipts and payments 8,218.87 Cash funds at start of year 19,600.28 Cash funds at year end 27,819.15 STATEMENT OF ASSETS AND LIABILITIES AS AT THE YEAR END Cash funds 27,819.15 Stock of merchandise 5,000.00 Motor vehicles 21,200.00 Signed for and on behalf of Lincolnshire Greyhound Trust. |
2020 £ 52,460.95 10,337.75 2,175.64 6,000.00 3,570.27 357.50 13,300.00 285.00 4,783.25 93,270.36 |
|---|---|
| 4,764.40 24,577.90 7,629.02 13,323.99 642.72 724.64 325.55 29,808.59 |
|
| 81,796.81 11,473.55 8,126.73 |
|
| 19,600.28 | |
| 19,600.28 5,000.00 26,500.00 |
Trustee
24 October 2022
K Stow
M Stow
Trustee
Page 3
LINCOLNSHIRE GREYHOUND TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
1 Basis
These financial statements are prepared on a receipts and payments basis.
2 Stock
As at 31st December 2021 the estimated value of remaining merchandise was £5,000
3 Income
The lottery has space for 216 subscribers and is 95% subscribed. Commissions received are from Petplan at varying rates every time our owners take their insurance out, Amazon Smile and Easyfundraising.
Page 4
LINCOLNSHIRE GREYHOUND TRUST
REGISTERED CHARITY No. 1103656
ANNUAL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
LINCOLNSHIRE GREYHOUND TRUST
ANNUAL REPORT 2021
2021
The Trustees present their sixteenth annual report for the year ended 31st December 2021.
2021 saw Lincolnshire Greyhound Trust successfully rehome 171 greyhounds which was down by 34 on last year, but still the second highest year in our history after 2020.
The primary aim of the charity continues to be to successfully rehome as many greyhounds into good homes as possible.
LGT and it’s predecessor have found homes for 2,230 different greyhounds at the end of the year. This method of counting takes out duplications where a greyhound is rehomed in one year then returned and rehomed again in a different calendar year.
We ensure that new owners are given all the support, help and guidance they require when they rehome a retired greyhound from LGT and hope they become part of the thriving Lincolnshire greyhound community.
In 2021 we operated out of three kennels with our Lincolnshire kennel near Boston supplemented by the kennels in Oxfordshire and near Epping in Essex.
2021 was another strange and unique year with Coronavirus still impacting on how we did things, but we continued to improvise well and ended up having a very good year both homing wise, but also financially.
Financially in 2021 we received £8,218.87 more than we spent.
Income during the year was £107,806.33 which was an increase of £14,536 from 2020.
The LGT lottery brought in a profit of just over £6,669 up by £1,096 on 2020.
Donations totalled £28,730 down by just under £23,731 on 2020.
The sale of small items totalled just over £1,991 down by £184 on 2020.
The GBGB Greyhound Retirement Scheme brought in £48,200 up by £34,900 on 2020 explained by the fact it operated for the full year having only started in September 2020.
We received a one off legacy of £10,000 in 2021.
Sponsorships brought in £1,190 up by £905 on 2020.
Commissions from Petplan, Easyfundraising, Amazon Smile and others brought in just under £6,139 up by £2,576 on 2020. from HMRC in Gift Aid.
We claimed no Gift Aid in 2021 compared to £4,783 in 2020.
Page 1
LINCOLNSHIRE GREYHOUND TRUST
ANNUAL REPORT 2021
Our expenditure was £101,692.46, up by just under £17,441 in the year compared to 2020.
Vet costs were £15,959 which was up by just under £2,635 on 2020. Van costs were £33,598 which was up by just over £3,789 on 2020. Kenneling costs were £38,693 which was up by £11,660 on 2020. Stationery and postage was £407 which was down by just over £317 on 2020. Advertising costs were just under £594 which was up by £268 on 2020. Purchase of stock was just over £5,829 which was down by £1,800 on 2020.
The balance at the year end was £27,819.15.
The LGT’s Income and Expenditure account for 2021 has further information.
2022
Our aims for 2022 remain the same as last year and are:
to continue to successfully rehome as many greyhounds as possible and hopefully match or beat last year’s total of 171
to continue to attend as many events as possible to promote the benefits of greyhound ownership and raise awareness
to continue to help and provide full support to all those existing greyhound owners with any potential problems or issues they may have.
SUMMARY
This report has been prepared, and agreed, by the trustees of Lincolnshire Greyhound Trust
24 October 2022
Page 2
LINCOLNSHIRE GREYHOUND TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2021
| Note 2021 £ RECEIPTS Donations & collections 28,730.29 Lottery receipts & subscriptions 10,950.20 Income from merchandise 1,991.40 Grants and legacies received 10,000.00 Commissions received 6,138.94 Event income 605.50 Other income 48,200.00 Sponsorship schemes 1,190.00 Gift Aid - Total receipts 107,806.33 PAYMENTS Lottery prizes 4,281.00 Kennel fees 38,693.50 Purchase of merchandise 5,829.41 Veterinary fees 15,959.29 Show fees 225.10 Stationery & postage 407.52 Advertising 593.66 Van expenses 33,597.98 Other expenses Total payments 99,587.46 Net of receipts and payments 8,218.87 Cash funds at start of year 19,600.28 Cash funds at year end 27,819.15 STATEMENT OF ASSETS AND LIABILITIES AS AT THE YEAR END Cash funds 27,819.15 Stock of merchandise 5,000.00 Motor vehicles 21,200.00 Signed for and on behalf of Lincolnshire Greyhound Trust. |
2020 £ 52,460.95 10,337.75 2,175.64 6,000.00 3,570.27 357.50 13,300.00 285.00 4,783.25 93,270.36 |
|---|---|
| 4,764.40 24,577.90 7,629.02 13,323.99 642.72 724.64 325.55 29,808.59 |
|
| 81,796.81 11,473.55 8,126.73 |
|
| 19,600.28 | |
| 19,600.28 5,000.00 26,500.00 |
Trustee
24 October 2022
K Stow
M Stow
Trustee
Page 3
LINCOLNSHIRE GREYHOUND TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
1 Basis
These financial statements are prepared on a receipts and payments basis.
2 Stock
As at 31st December 2021 the estimated value of remaining merchandise was £5,000
3 Income
The lottery has space for 216 subscribers and is 95% subscribed. Commissions received are from Petplan at varying rates every time our owners take their insurance out, Amazon Smile and Easyfundraising.
Page 4
LINCOLNSHIRE GREYHOUND TRUST Indepondont examiner's report to the trnste•8 of Lincolnshire Greyhound Trust I report on the accounts of the Trust for the year ended 31 December 2021. which are set out on pages 1 to 4. Respective responsibilities of trustees and examiner The charty's trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act. to follow the prOdureS laid dovm in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act. and to state whether particular matters have come to my attention. Basis of Independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination indudes 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 explanations 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 I do not eXp$S an audit opinion on the accounts. Independent examiner's statement In connection with my examination. no matter has rne to my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records have not been met.. or to which, in my opinion. attention should be drawn in order to obtain a proper understanding of the accountfr to be reached. J Y Briety Briety Book-keeping & Accounts Sutton Courtenay Oxon 27th October 2022 Page 5