## **LINCOLNSHIRE GREYHOUND TRUST** # **REGISTERED CHARITY No. 1103656** **ANNUAL TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024** ## **LINCOLNSHIRE GREYHOUND TRUST** ## **ANNUAL REPORT 2024** ## **2024** The Trustees present their nineteenth annual report for the year ended 31st December 2024. 2024 saw Lincolnshire Greyhound Trust successfully rehome 79 greyhounds which was down by 18 on last year. 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 2,483 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 2024 we operated out of two kennels with our Lincolnshire kennel near Boston supplemented by a kennel near Epping in Essex. 2024 saw homing numbers continue to decline although we still managed to find 79 homes and financially we continued to work hard in difficult circumstances. Financially in 2024 we received £269,623.05 more than we spent. Income during the year was £392,236.44 which was an increase of £313,028.27 from 2023. This is mainly due to the incredible legacy of £319,315.70 received during 2024. The LGT lottery brought in a profit of just under £6,090 down by £113 on 2023. Donations totalled £23,196 down by just under £199 on 2023. The sale of small items totalled £999 down by £984 on 2023. The GBGB Greyhound Retirement Scheme brought in £20,000 up by £13,100 on 2023 Sponsorships brought in £1,150 down by £660 on 2023. Commissions from Petplan, Easyfundraising, Amazon Smile and others brought in just over £5,565 uo by £489 on 2023. We claimed just over £10497 in Gift Aid in 2024 up by £10,335 on 2023. Page 1 Page 1 ## **LINCOLNSHIRE GREYHOUND TRUST** ## **ANNUAL REPORT 2024** Our expenditure was £122,613.39 down by just over £6,271 in the year compared to 2023. Vet costs were £20,641 which was up by just under £4,260 on 2023. Van costs were £22,279 which was down by just over £14523 on 2023. Kenneling costs were £63,142 which was up by just under £5,016 on 2023. Stationery and postage was £129 which was down by just under £34 on 2023. Advertising costs were just under £1,670 which was down by just over £1,023 on 2023. Purchase of stock was just over £4,883 which was down by just over £2,899 on 2023. The significant decrease in van costs were because we had no van purchases this year. The significant increase in kennel costs were due to increased costs and more returns to pay The balance at the year end was £327,888.64 The LGT’s Income and Expenditure account for 2024 has further information. ## **2025** Our aims for 2025 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 79 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 Wednesday, October 22, 2025 Page 2 Page 2 ## **LINCOLNSHIRE GREYHOUND TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024** |**Note**
**2024**
£
**RECEIPTS**
Donations & collections
23,196.02
Lottery receipts & subscriptions
10,787.93
Income from merchandise
999.00
Commissions received
5,565.05
Event income
647.50
Other income
20,078.00
Sponsorship schemes
1,150.00
Gift Aid
10,497.24
Total receipts
72,920.74
**PAYMENTS**
Lottery prizes
4,698.00
Kennel fees
63,142.20
Purchase of merchandise
4,883.35
Veterinary fees
20,641.20
Show fees
5,170.70
Stationery & postage
128.90
Advertising
1,669.59
Van expenses
22,279.45
Other expenses
Total payments
122,613.39
Net of receipts and payments
49,692.65
-
One off grants and legacies received
319,315.70
Cash funds at start of year
58,265.59
**Cash funds at year end**
327,888.64
**STATEMENT OF ASSETS AND LIABILITIES AS AT THE YEAR END**
**Cash funds**
327,888.64
**Stock of merchandise**
5,000.00
**Motor vehicles**
32,000.00
Signed for and on behalf of Lincolnshire Greyhound Trust.|**2023**
£
22,997.16
10,140.12
1,983.50
5,076.37
793.00
33,100.00
1,810.00
162.19| |---|---| ||76,062.34| ||3,946.40
58,126.53
7,762.40
16,381.39
3,000.03
162.55
2,702.66
36,802.58| ||128,884.54
52,822.20
-
3,145.83
107,941.96| ||58,265.59| ||58,265.59
5,500.00
38,000.00| Trustee Trustee M Stow #################### K Stow Page 3 ## **LINCOLNSHIRE GREYHOUND TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024** ## **1** Basis These financial statements are prepared on a receipts and payments basis. ## **2** Stock As at 31st December 2024 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 2024** ## **LINCOLNSHIRE GREYHOUND TRUST** ## **ANNUAL REPORT 2024** ## **2024** The Trustees present their nineteenth annual report for the year ended 31st December 2024. 2024 saw Lincolnshire Greyhound Trust successfully rehome 79 greyhounds which was down by 18 on last year. 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 2,483 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 2024 we operated out of two kennels with our Lincolnshire kennel near Boston supplemented by a kennel near Epping in Essex. 2024 saw homing numbers continue to decline although we still managed to find 79 homes and financially we continued to work hard in difficult circumstances. Financially in 2024 we received £269,623.05 more than we spent. Income during the year was £392,236.44 which was an increase of £313,028.27 from 2023. This is mainly due to the incredible legacy of £319,315.70 received during 2024. The LGT lottery brought in a profit of just under £6,090 down by £113 on 2023. Donations totalled £23,196 down by just under £199 on 2023. The sale of small items totalled £999 down by £984 on 2023. The GBGB Greyhound Retirement Scheme brought in £20,000 up by £13,100 on 2023 Sponsorships brought in £1,150 down by £660 on 2023. Commissions from Petplan, Easyfundraising, Amazon Smile and others brought in just over £5,565 uo by £489 on 2023. We claimed just over £10497 in Gift Aid in 2024 up by £10,335 on 2023. Page 1 Page 1 ## **LINCOLNSHIRE GREYHOUND TRUST** ## **ANNUAL REPORT 2024** Our expenditure was £122,613.39 down by just over £6,271 in the year compared to 2023. Vet costs were £20,641 which was up by just under £4,260 on 2023. Van costs were £22,279 which was down by just over £14523 on 2023. Kenneling costs were £63,142 which was up by just under £5,016 on 2023. Stationery and postage was £129 which was down by just under £34 on 2023. Advertising costs were just under £1,670 which was down by just over £1,023 on 2023. Purchase of stock was just over £4,883 which was down by just over £2,899 on 2023. The significant decrease in van costs were because we had no van purchases this year. The significant increase in kennel costs were due to increased costs and more returns to pay The balance at the year end was £327,888.64 The LGT’s Income and Expenditure account for 2024 has further information. ## **2025** Our aims for 2025 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 79 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 Wednesday, October 22, 2025 Page 2 Page 2 ## **LINCOLNSHIRE GREYHOUND TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2024** |**Note**
**2024**
£
**RECEIPTS**
Donations & collections
23,196.02
Lottery receipts & subscriptions
10,787.93
Income from merchandise
999.00
Commissions received
5,565.05
Event income
647.50
Other income
20,078.00
Sponsorship schemes
1,150.00
Gift Aid
10,497.24
Total receipts
72,920.74
**PAYMENTS**
Lottery prizes
4,698.00
Kennel fees
63,142.20
Purchase of merchandise
4,883.35
Veterinary fees
20,641.20
Show fees
5,170.70
Stationery & postage
128.90
Advertising
1,669.59
Van expenses
22,279.45
Other expenses
Total payments
122,613.39
Net of receipts and payments
49,692.65
-
One off grants and legacies received
319,315.70
Cash funds at start of year
58,265.59
**Cash funds at year end**
327,888.64
**STATEMENT OF ASSETS AND LIABILITIES AS AT THE YEAR END**
**Cash funds**
327,888.64
**Stock of merchandise**
5,000.00
**Motor vehicles**
32,000.00
Signed for and on behalf of Lincolnshire Greyhound Trust.|**2023**
£
22,997.16
10,140.12
1,983.50
5,076.37
793.00
33,100.00
1,810.00
162.19| |---|---| ||76,062.34| ||3,946.40
58,126.53
7,762.40
16,381.39
3,000.03
162.55
2,702.66
36,802.58| ||128,884.54
52,822.20
-
3,145.83
107,941.96| ||58,265.59| ||58,265.59
5,500.00
38,000.00| Trustee Trustee M Stow #################### K Stow Page 3 ## **LINCOLNSHIRE GREYHOUND TRUST** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2024** ## **1** Basis These financial statements are prepared on a receipts and payments basis. ## **2** Stock As at 31st December 2024 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 Independent examiner's report to the trustees of Lincolnshire Greyhound Trust I report on the accounts of the Trust for the year ended 31 December 2024, which are set out on pages 1 to 4. Respective responsibilities of trustees and examiner The charity'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 procedures laid down 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 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 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 express an audit opinion on the accounts. Independent examiner's statement In connection with my examination, no matter has come 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 accounts to be reached. Jacqui Ling Jacling Accountancy Limited Enterprise Business Centre Didcot, Oxon OX11 7PH 27th October 2024 Page 5