GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEE REPORT AND UNAUDITED FINANCIAL sfATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024
Registered Charity No 1152650
Company No 08411721

GREYHOUND RESCUE WALES
(A company limited by guarantee)
CONTENTS OF THE FINANCIAL STATEMENTS FOR
THE YEAR TO 28 FEBRUARY 2024
Page
Report of the Trustees/Directors
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
io-ii
Statement of Cash Flows
12
Notes to the Financial Statements
13-18
Detailed Statement of Financial Attivities
19-20

GREYHOUND RESCUE WALES
(A company limited by guarantee)
REFERENCE AND ADMINIsfRATIVE DETAILS
Charity Name
Greyhound Rescue Wales
RegiSte￿d Charity Number
1152650
Registered Company Number
08411721 (Registered in England and Wale5)
Registered Office
Hillcrest
Bryncethin Road
Garnant
Ammanford
SA18 IYS
DirectorslTrustees
Debra Allen
Claire Gardner
Magdelena Gryczmanska
Alain Thomas
Dr Claire Lawson
Tina Dunstan
Essex Havard
Jennifer Newbury
Julie Payne
Professor Malcolm Eames
Nicky Hughes (appointed 16.04.23)
Beca Brown (appointed 18.02.24)
Amanda Simisker (appointed 18.02.24)
Company Secretary
Dr Claire Lawson
Independent Examiners
Harris Bassett Limited
Chartered Accountants
19 Murray Street
Llanelli
SA15 IAQ
Bankers
HSBC
l Alexandra Road
Gorseinon
Swansea
SA4 4NJ

Page: I
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR TO 28 FEBRUARY 2024
TRUSTEES, REPORT FOR THE YEAR TO 28 FEBRUARY 2024
The Trustees are pleased to present their annual directors, rewrt together with the financial statements of the charity for
the year ending 28 February 2024 which are also prepared to meet the requirements for a direttors, report and accounts
for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the
UK and Republic of Ireland (FRS 102) (effective l January 2019).
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorF(srated on 20th February 2013 and registered as a
charity on 1st July 2013. The company was established and 15 governed under its Articles of Association which set5 Out its
objects and tx)wers.
Oryanisation and management
The Charity is administered and managed by the members of the Trustees which shall consist of not less than three
members and not more than fifteen
honorary Offi￿ holders of Chairman, Vice Chairman, Secretary and Treasurer
elected by members from amongst themselves.
A member of the Trustees shall cease to hold office if they become disqualified, incapable, is absent from meetings,
notifies the trustees of their wish to resign, ceases to be a member or fails to declare an interest in a contract of the
Charity.
The Trustee Board which comprises of TrusteeslDirectors and other appropriate personnel meet on a monthly basis to
discuss issues and future plans.
Recruitment and appointment of new trustees
The names of the Trustee Board are shown on the previous page. The Charity is a company limited by guarantee and
none of the officers hold any shares in the company. The Charity is administrated by a Trustee Board of between three
and fifteen persons.
The Trustee Board members can either be elected at the Annual General Meeting or co-opted by the Trustee Board
provided that the total number of co-opted nominated members does not exceed one third of the total members of the
Trust￿ Board. No member of the Trustee Board can serve for more than three years without being formally re-elected.
Induction and training of new trustees
Most Trustees are already familiar with the practical work of the Charity. New Trustees attend the regular Trustee
meetings and are actively encouraged to increase their overall knowledge of the Charity by reviewing its extensive
operating procedures and to consult with other Trustees who have detailed experience of the particular areas of
responsibility to which they have been allocated. In addition, new trustees undergo a structured induction process, led by
the Chair and Vice Chair and supported by an information pack.
The company was established and is governed under its Articles of Association which sets out its objects and powers.
Under those Articles the members of the Trustee Board are elected at AGM. A member may be co- opted at any trustee
meeting, subject to the Articles, until the next AGM.
The Charity is operated in accordance with its Articles of Association. The Trustee &)ard is responsible for all aspects of
the Charity.
Sub committees are delegated the power to make some decisions on behalf of the Board. The Chief
Executive Officer also has delegated powers set out in a schedule of delegation.

Page: 2
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
Wider network
Greyhound Rescue Wales is the largest Welsh based Greyhound Rescue Organisation. It was initially established in South
Wales where the registered office and kennels are based. It has members across Wales.
Relationships with other organisations
The charity works closely with other similar charities including RSPCA Cymru, Dogs Trust, Hope Rescue, Blue Cross,
Forever Hounds Trust, and Battersea Dog5 and Cats Home. It Is a member of Animal Welfare Network Wales, the
Association of Dogs and Cats Homes, the Institute of Fundraising and the Wales Council for Voluntary Action.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
A Risk Register is in place and this is reviewed and updated at each trustee meeting.
Procedures are in place to ensure compliance with health and safety of staff, volunteers, visitors and supporters.
OBJEcfIvES AND ACTIvrrIES
The objects for which the Charity is established for the public benefit are,.
(l) Principally but not exclusively in Wales and its environ5, to promote the welfare and relieve the suffering of
greyhounds and greyhound cross breeds (lurchers) in need of care and attention, and in particular to provide and
maintain rescue homes or other facilities for the reception, care and treatment of such animals.
(2) To promote humane behaviour towards animals by providing appropriate care, protection, treatment and security for
greyhounds and greyhound cross breeds which are retired, unwanted, or in need of care and attention by reason of
sickness, poor circumstances or ill usage, and to educate the public in matters pertaining to animal welfare in general and
the prevention of cruelty and suffering among animals.
Stsff and Volunteers
During the year up to 26 full and part time staff were employed at the Charity. (Retail 13, Rescue and Rehoming 8,
Fundraising 2, Financial Administration I, Admin Support I, CEO I) In addition, over 200 volunteers provided sUPPOrt,
The Trustees Board would like to thank the stsff and volunteers for their substsntial work during the period.
ACHIEVEMENTS AND PERFORMANCE- REVIEW OF AcfIvITIES
This report sets out the highlights of Greyhound Rescue Wales, financial year from l March 2023 to 28 February 2024.
Much progress has been made during the year, in many areas including rescue and rehoming, fundraising, infrastructure
developments and planning for the future.
Care and Welfare
The year has been challenging for Greyhound Rescue Wales, along with all other animal rescues organisations, but our
team have responded effectively.
The cost of living crisi5 has resulted in increased members of relinquishments which has affected all animal rescue
organisations. In addition, GRW faced a particular challenge because in November 2023 racing re-started, on a larger
scale than before, at Wales's only remaining greyhound track and the numbers of greyhounds needing homes in Wales
increased, and will continue to InC￿ase as a result.
In the face of these challenges, the Rescue and Rehoming Team continued to do outstanding work during the year. The
high *andard of care, rehabilitation and enrichment offered to greyhounds and lurche5 remains a source of pride.
GRW strives to successfully place greyhounds and lurches into new homes with their adoptive families, through an
efficient matching process undertaken by the rehoming team. Our rehoming team a150 organise events and group walks
and attend fundraising activities to increase the visibility of the dogs and help find them homes. During 2023-2024 we
successfully rehomed 109 greyhounds and lurchers, a slight increase on the previous year desplte challenging
circUmstan￿s. Targets have been set to increase this number year on year.

Page: 3
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 {Cont'd)
The team is continually reviewing, developing and implementing new ideas with a view to streamlining processes. Virtual
methods of home-checking continue to be used because these are safe and effective. Adoption applications continue to
be considered on their own merits and decisions are based around how prospective adopters propose to meet a dog's
needs rather than external criteria such as whether they are in work or not. The aim is to encourage more people (for
example those who work, without a garden or with a fence below 6 feet in height) to help a hound in need. We believe
that through a careful and thorough assessment of the dogs we have in our care - a match is possible in most cases.
In addition to the regular rehoming work GRW continued to help a number of injured hounds through our Last Hope
scheme, rehabilitated them from injury and into their new lives.
Two additional schemes operated during the year to respond the new demands.
Keeping Hounds in Home5 provides support to owners who would otherwise have to surrender their sighthounds due to
personal or financial pressures.
The PALS (Patience, Attitude, Learning and Support) project specifically targets adopters who are willing to adopt a dog
with additional needs to providing additional support and information.
Work has been carried out over several years to determine the viability of a full rebuild of the Hillcrest site. However, a
sharp increase in construction costs post-pandemic, indicated the cost of the project would exceed our fundraising
capabilities. An independent assessment of funding sources and fundraising possibilitie5 Wa5 therefore commissioned. This
confirmed a full rebuild was not viable. Nonetheless, the project provided us with a better understanding of the current
state of our site which facilitated the remedial works which were subsequently carried out.
The number of kennels at Hillcrest was increased to 20 during the year and other infrastructure improvements were
carried out to bring Hillcrest up to standard. These included essential electrical, plumbing and drainage work, and general
improvements to the working environment. This was achieved at a totsl cost of £25,000 which represents excellent value
for money.
The Board along with the CEO are considering future long term options for rehoming sites.
Staff hours increased by 21 hours per week to ensure that care standards remained high despite the extra numbers of
dogs.
Although GRW has long prided itself on providing the highest Possible standards of care these were codified for the first
time this year, since the earliest days of Hillcrest. GRW'S new Welfare Framework sets out standards and levels of care
that GRW gives to its dogs. These written standards ensure that increasing the number of dogs at Hillcrest will not reduce
the amount of care and attention they receive and the document will be used for reference by staff and volunteers. It is
also suitable for sharing with other organisations.
Volunteers continue to play a crucial role at Hillcrest including young people undertaking the Duke of Edinburgh scheme,
people gaining work experience and skills, retired people who want to help in a hands-on way and, of course, those who
want to spend time with dogs. During the year new guidelines, including safeguarding procedures were developed to
ensure that children under 16 can safely volunteer at Hillcrest thereby further increasing the diversity of our volunteers.
Therapy Hounds
The Therapy Hound project enables adults to receive therapy through dogs and promotes greyhounds and lurchers as
pets. Studies have shown that dogs reduce stress, anxiety and depression as well as easing loneliness and improving
overall health. Stroking a dog provides sensory relief and has been shown to reduce cortisol levels which lowers blood
pressure.
GRW'S Therapy Hounds visit educational institutions, care homes and other venues, to assist students and adults who
may be going through a tough time, or miss canine company.
Most organisations we visit are now asked for a contribution to ensure that the costs of the Therapy Hounds project are
fully covered, with any excess income diretted to GRW'S general fund in order to help the dogs in our care.
Non-sighthounds continue to be able to join the Therapy Hounds team and these vislt alongside our greyhounds and
lurchers showing that our hounds can interact happily with dogs of all shapes and sizes. All our Therapy Hounds are
assessed by a qualified behaviourist to ensure they are suitable for the role.

Page: 4
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 {Cont'd)
During 2023-2024 a new set of rules were developed for the Therapy Hounds programme in consultation with a qualified
dog behaviourist and involving all three regional co-ordinators. These seek to improve upon assessment and membership
criteria for the scheme to maximize the safety and enjoyment of participants.
Therapy Hounds was also fully integrated within GRW'S management structure with a member of staff in charge of the
programme. It is hoped to expand the programme further next year.
Working for Change
GRW has continued to SUPPOrt the movement to end greyhound racing in Wales during 2023-2024.
This work has b￿n led by the Campaigns and Promotions sub-group of the Board.
GRW is a member of the "Cut the Chase" coalition of rescue organisations alongside Blue Cross, Dogs Trust, Hope Rescue
and the R5PC4.
Activities have involved supporting events at the Senedd contributing speakers for events at political party conferences in
Wales, and encouraging our supporter5 to support a ban on greyhound racing in Wales for example by signing the open
letter from RSPCA to Welsh Government which garnered over 20,000 signatures.
However, the group'5 main efforts have focused on gathering evidence to support a ban on greyhound racing in Wale5 to
inform the Welsh Government Consultation on the licensing of animal activities which ran between December 2023 and
March 2024.
Intensive work by the group resulted in a detailed and comprehensive submission, totsling over 80 pages of evidence,
being submitted to Welsh Government. The work involved co-operation with academics and veterinary surgeons, scrutiny
of date published by the G￿YhOUnd Board of Great Britain (GBGB), monitoring of races, and analysis of GRW'S own data
regarding greyhounds, including injured dogs, taken into care.
Submissions were also made to the consultstion in support of licensing animal sanctuaries and attivities involving animals.
The Greyhound Working Group of Animal Welfare Nelwork Wales, chaired by GRW has suspenses its operations while
Welsh Government considers its response to the consultation.
Keeping in Touch
A team consisting of both staff and volunteers looks after GRW'S communications making sure that anyone interested in
what we and our dogs do can access relevant and up-to-date information.
Our website is an important platform for information and engagement with potential supporters and adopters with online
processes for donations, offers of help and home offers for our hounds. A weekly blog is a new addition to the website.
Subscribers receive our bi-monthly newsletter, Speedy News, by email. We also share information across six social media
platforms. GRW has a main Facebook page and our supporters have their own Facebook group - Greyhound Rescue
Wales Supporters which is a vibrant forum for sharing snippets from their dogs, lives, humour, and discussion. GRW can
also be followed on Linkedin, Twitter, TikTok, and YouTube.
Twice a year, members receive Greyhound Express - a GRW magazine with contributions from GRW staff, trustee5 and
other volunteers , and also pieces sent in by our readers Greyhound Express is received digitally, by email, or as a paper
copy, by post. A batch of printed magazines is also dispatched to our shops and available at events.
Volunteering
The backbone of Greyhound Rescue Wales continues to be our membership and SUPF(Srters, many of whom donate
money or time, which is critical to our success. We have continued to offer numerous individual volunteering opportunities
during the year including.. a shop staff, foster carers and transporters for hounds, dog walkers, fundraisers, creative social
media opportunities, and therapy hound visitors.
In addition, we participate in some structured volunteering programmes.
Our shops have agreements to offer work experience with ITEC, the leading provider of work-based learning programmes
in Wales, and for young people involved in the Duke of Edinburgh's awards scheme. The shops teach the young people all
aspects of retsil to help them gain experience and qualifications.

Page.. 5
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
Our Hillcrest rehoming centre ha5 recruited volunteers with additional needs, via Mencap and CAMHS, and an unpaid work
team from Probation Services attend the centre site to work on site rna1ntenan￿. Children under 16 are now able to
volunteer at Hillcrest.
The range and richness of our volunteer offer is an important achievement.
Income generation
Costs have risen sharply due to the current economic climate. Vet costs in particular continue to rise above the rate of
inflation. Our income generation teams have therefore had to meet the challenge of increasing the amount they bring in,
and this in a context where may people are being forced to cut back on the amount they give to charity.
A fundraising strategy has been developed and is being implemented in phased steps. This aims to ensure the financial
viability of GRW going foNard and includes the development of new funding Streams to complement our well-established
income generation and retail artivities. A Community Fundraiser was recruited as part of thi5 strategy and joins the
Fundraising Manager in an expanded staff team.
Work began to further improve and automate our infomation management systems to increase efficiency and support
mare effective fundraising such as regular giving schemes.
Funds are currently raised from numerous sources including online and face to face events such as the annual online
"Pawsome Auction" to raise funds for the Last Hope fund which helps hounds whose lives are at immediate risk: a
Christmas collection, a Raise for Greys event, and a virtual balloon race. Regular giving schemes include Sponsor a Dogi
Sponsor a Kennel, the Hillcrest Supper Scheme and a monthly lottery. These provide a reliable source of income. Income
generation from grant funding was particularly successful during the year enabling us to subsidise our vets costs and
purchase another van to transport dogs. The charity also aims to attract legacie5. Donations from our memtrErs and
supporters offer another income stream which is often boosted by Gift Aid.
Retsil
Charity retails has long been a key part of our financial success. Our six shops with their high levels of presentation and
eye catching and award winning displays are a vibrant feature of all high streets where they are located.
They make a positive contribution to the environment through bringing back into Use pre-owned goods and by
highlighting environmental issues for example through an annual "Trashoin" show.
They help to address povety and the cost of living crisis by making available affordable items.
They offer creative volunteering activities and work placements in a supportive environment.
The shops are also a focal point for events and activities which integrate GRW with the communities where they are
located and they offer an additional way of promoting hounds who need homes.
The r￿nt economic downturn continues to affect our shops. more people seem to be coming to charity retail in some
areas, but at the same time the volume and quality of donations to our shops are down.
The shops met their overall income targets during 2023-24 and remain our largest income streams. Retail therefore
remains Vltal to assuring the future viability of Greyhound Rescue Wales.
Organisational Development
This year Saw us mark our 30th anniversary Wlth a number of events culminating in a 30th anniversary dinner in the
Senedd building. This was a landmark first for Greyhound Rescue Wales and is an important step in becoming a more
engaged and connected organization, respected by policy-makers and donors alike. There were a number of short and
long term benefits arising from the dinner, including further engagement with politicians, major donations, burgeoning
corporate partnerships, and offers of support from other organisations.
This was also the first full year when GRW had a CEO in FQSt, marking a major step forward in the development of the
organisation.
Overall, 2023-24 has been a year of investment in infrastructure, support systems, plans, and processes whish should
lead to returns in coming years.
An operational plan was put in place to translate the objectives of GRW'S five year strategy into actions and targets.
As mentioned previously a new fundraising strategy is being implemented in stages, supported by the apFointment of a
community fundraiser and further work to improve and automate information management systems.

Page: 6
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRusfEES' REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 (Conyd)
A new staff training programme has been put in place to ensure staff are kept up to date with important knowledge and
skills for their respective role5
The Real Living Wage increased from £10.90 to £12.00 per hour during the year. Trustees considered the affordability of
the increase and assessed the costs and risk of implementing the increase against the risk of leaving RLW scheme.
Trustees decided to remain a Real Living Wage employer because our staff are a valuable asset that should be invested
in.
Governance
After being approved at the AGM of 18th February 2024, the amended model CIO constitution was submitted to the
Charity Commission for approval.
A schedule of delegation was formulated setting out powers delegated by the Board to the CEO and sub-groups, and all
sub-groups are now equipped with clear Terms of Reference.
The Offficers Sub-Group continues to meet belNeen trustee meetings to take decisions which are urgent but not deemed
to be overly important. This allows minor decisions to be tsken quickly and enables trustee meetings to focus on the more
significant issues.
Sub groups are also in place to manage promotions and campaigns, arrangements for the AGM, and Hillcrest
developments. Plans are currently being made to establish a sub group to develop activities in North Wales.
Policies continue to be reviewed and updated as necessary. A named trustee or member of staff has been allocated as the
lead person with responsibility for periodically reviewing each policy, and a timetable for reviews is in place. In future,
some policies which are not expected to require frequent updating will be reviewed every two years, or every three years,
while others will continue to be reviewed annually.
Significant new wlicies formulated during the year include the previously mentioned welfare framework and a trustee
code of conduct.
Historically, GRW trustees have been quite heavily involved in operational matters. However, with the appointment of a
CEO this is now changing and the Board is focusing more on governance and strategic decisions. This is an ongoing
process and work will continue through 2024-25 to further define trustee roles and responsibilities.
We are proud of where we have got to, however we recognize that good governance is an ongoing and continuous
process, which we remain firmly committed to.
FINANCIAL REVIEW
The Charity's total income for the year decreased from £818,285 to £696,567. There was an overall deficit for the year
of £124,974 compared to an overall surplus 2022123 of £103,338. Overall the balance of reseNes carried forward are
£731,064.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be
maintained at a level equivalent of at least three month's expenditure. The Trustees consider that reserves at
this level will ensure that, in the event of a significant drop in funding, they will be able to continue the
charity's current activities while consideration is given to ways in which additional funds may be raised. The
level of reserves has been maintained in excess of this throughout the year.
Investment policy
The Charity invests its funds in bank and building society dety)sits and is continually seeking to obtain better rates of
return.
Trustees responsibilities in relation to the financial statements
The charity trustees (who are also the dirertors of Greyhound Rescue Wales for the purposes of company law) are
responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and
United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming

Page: 7
GREYHOUND RESCUE WALES
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR TO 28 FEBRUARY 2024 (ConYd}
resources and application of resources, including income and expenditure, for the financial year. In preparing those
financial statements, the Trustees should follow best practice and..
select suitsble accounting policies and then apply them consistently.
observe the methods and principles in the charities SORP,.
make judgments and estimates that are reasonable and prudent;
State
whether applicable UK accounting standard5 have been followed, subject to
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate to assume
that the company will continue on that basis.
any
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at
any time the financial posltion of the charitable company and to enable them to ensure that the financial statements
comply with the Companies Att 2006.
The Trustee5 are also responsible for Safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
The Tnjstees are restK)nsible 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 Trustees are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
This report has been prepared in accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to
Small Companies.
Approved by the Executive Committee on ...
20th May
2024 and signed on its behalf by:
cEthL4JSoL
Alain Thomas - Chairperson
(Director/Tru5tee)
Dr Claire Lawson - Secretsry
(Director/Trustee)
Debra Allen Vice chairperson
(DirectorlTrustee)
Amanda Simisker - Treasurer
Director/Trustee

Page 8
GREYHOUND RESCUE WALES
(A company limited by guarantee)
Independent examiners report to the frustees of Greyhound Rescue Wales
I report to the charity trustees on my examination of accounts of the company for the year ended 28
February 2024, which are set out on pages 8 to 18.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 Cthe 2006 Act?.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Att and are eligible for independent examination, I report in respett of my examination of your charity's
accounts as carried out under section 145 of the Charities Art (the '2011 Att). In carrying out my
examination I have followed the Directions given by the Charity Commission under 145(5)(b) of the 2011 Act.
Independent examiner s report
sin￿ the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a
member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe:
(l) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act;
or
(2) the accounts do not accord with those accounting records; or
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which 15 not a matter considered as part of
an independent examination; or
(4) the account5 have not been prepared in accordance with the methods and principles of the Statement of
Recommended practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understsnding of the accounts to be
reached.
Nicholas Wathen Bassett F.C.A
Chartered Accountsnt
Harris Bassett Limited
Chartered Accountants
19 Murray Street
Llanelli
Carmarthenshire
SA15 IAQ
Date:

Page: 9
GREYHOUND RESCUE WALES
(A company limited by guarantee)
STATEMENT OF FINANCIAL AcrIvrrIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR TO 28 FEBRUARY 2024
Unre5trirted Restrirted
Funds
Funds
Totsl
2024
Totsl
2023
Notes
Income
Donations and legacies
Income from charitsble attivities
Income from other trading activities
Investment income
Total income
127,034
49,389
519,162
982
127,034
49,389
519,162
982
300,615
30,721
486,531
418
Expenditure
Cost of raising funds
Expenditure on charitable attivities
Total expenditure
452,274
368 203
452,274 424,317
369 267
290 630
Net (expenditure)/income and net movement
in funds for the year
(123,910)
(1,064) (124,974) 103,338
Reconciliation of funds
Total funds brought forward
15
849,115
6,923
856,038
752,700
Total funds carried forward
The ststement of financial attivities includes all gains and losses ￿CogniSed in the year.
All income and expenditure derives from continuing activitie5.
The notes form part of these financial statements

Page: 10
GREYHOUND RESCUE WALES
(A company limited by guarantee)
BALANCE SHEEf AT 28 FEBRUARY 2024
2024
2024
2023
2023
Note5
Fixed Assets
Tangible assets
Total fixed assets
12
430 667
430,667
419 467
419,467
CUr￿nt Assets
Stock
Debtors
Bank and Cash
1,280
73,908
255 202
330,390
2,000
84,099
376 428
462,527
13
Creditors
Amounts falling due within one year
Net CUr￿nt Assets
Total Net Assets
14
29 993)
(25 956)
300 397
436 571
The Funds of the Charity
Unrestricted income funds
Restrirted income funds
Totsl Charity Funds
15
725,205
849,115
The directors, statement5 required by Sertion 475(2) and (3) are shown on the following page which forms
part of this balance sheet.
The notes on pages 13-18 form part of these financial statements

Page 11
GREYHOUND RESCUE WALES
(A company limited by guarantee)
BALANCE SHEET AT 28 FEBRUARY 2024 (Cont'd)
The charitsble company is entitled to exemption from audit under Settion 477 of the Companies Att 2006 for
the year ended 28 February 2024.
The members have not required the charitable company to obtain an audit of its financial statement for the
year ended 28 February 2024, in accordance with section 476 of the Companies Att 2006.
The trustees acknowledge their responsibilities for:
ensuring that the charitable company keeps accounting records that comply with Section 386
of the Companies Att 2006; and
preparing financial statements which give a true and fair view of the state of affairs of the
charitsble company as at the end of each financial period and of its surplus or deficit for each
financial period in accordance with the requirements of Sections 394 and 395 and which
otherwise comply with the requirements of the Companies Att 2006 relating to financial
statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of part 15 of the
Companies Att 2006 relating to Small Charitable Companies and with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
The financial statements were approved by the TrusteeslDirectors on
on its behalf by:
20th May.. 2024 and were signed
Alain Thomas - Chairperson
(DirectorlTrustee)
Amanda Simisker - Treasurer
Director/Trustee
Company Number 08411721
Tre notes on pages 13-18 form part of these financial statements

Page 12
GREYHOUND RESCUE WALES
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY 2024
2024
2023
Cash flows from operating artivities
Net cash income
(124,974)
103,338
Adjustments to cash flows from non-cash items
Depreciation & Amortisation
Investment income
12
21,191
16,787
(104,765)
119,707
Working capital adjustments
(Increase)Idecrease in stock
(Increase)Idecrease in debtors
Increasel(decrease) in creditors
Net cash flows from operating activities
720
10,191
(200)
(28,483)
13
14
104 145
Cash flows from investing activities
Interest receivable and similar income
Net Purchase of tangible fixed assets
Net cash flows from investing activities
982
(28 097)
(27 115)
418
(10 729)
(10 311)
12
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at l March 2023
Cash and cash equivalents at 28 February 2024
(116,932)
376 418
259 486
93,834
282 584
376 418
Reconciliation of net cash flow to movements in net funds
Increasel(decrease) in cash
Net funds at l March 2023
Net funds at 28 February 2024
(116,932)
376 418
259 486
93,834
376 418
All of the cash flows are derived from continuing operations during the above two years.
Notes to the Cash Flow Statement
Analysis of changes in net debt
At 1.3.23
Cash flow
At 28.2.24
Net Cash
Cash at bank and in hand
Debt
Debts falling due within l year
(￿}
(￿) (￿)
Total

Page: 13
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS
102) (effettive l January 2019) - (Charities SORP (FRS 102), and the Companies Att 2006.
Greyhound Rescue Wales meets the definition of a public benefit entity under FRS 102. The financial
statement are prepared in sterling which is the functional currency of the entity.
Going Concern
The Trustees consider that it is appropriate to prepare the financial ststements on going concern
basis. The Trustees make this assessment in respect of a period of one year from the approval of the
financial statements.
Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share
capital. The address of the registered office is Hillcrest, Bryncethin Road, Garnant, Ammanford, SA18
IYS. In the event of the charity being wound up, the liability in respect of the guarantee is limited to
£1 per member of the charity.
Income recognition
Items of income are recognised and included in the accounts when all of the following criteria are
met:
the charity has entitlement to the funds;
any performance conditions attached to the item(s) of income have been met or are fully within the
control of the charity.
there is sufficient certainty that ￿ceipt of income is considered probable, and
the amount can be measured reliably.
Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to
fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and
not recognised until it is probable that those conditions will be fulfilled in the reporting period. Where
funding has been specifically provided for a fixed asset then the income is recognised in full on receipt
and is shown as a restricted fund. Income from Gift Aid tax reclaims is recognised for any donations
with relevant Gift Aid certificate5 recogni5ed in income for the year. Any amounts of Gift Aid not
received by the year end are accounted for in income and accrued income in debtors.
For legacies, entitlement is taken as the earlier of:
the date on which the charity is aware that probate has been granted;
the estate has been finalised and notification has been made by the executor(s) to the Trust that a
distribution will be made; or
when a distribution is received from the estate.
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be
measured reliably and the charity has been notified of the executor's intention to make a distribution.
Sponsorship from events, fundraising and events registration fees are recognized in income when the
event takes place. Trading income is recognised on point of Sale for both donated and purchased
goods. It is impractical to reliably measure the fair value of items donated for resale and the donated
goods are therefore recognised when sold in the charity's shops.
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third party, it Is probable that settlement will be required and the amount of the obligation can be
measured reliably. All expenditure is accounted for on an accruals basis under the following
headings:

Page: 14
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies;
Costs of fundraising artivitie5 including the costs of goods 501d, shop cost5, commercial trading and
their associated support costs. Fundraising costs do not include the costs of disseminating
information of support of the charitable attivities.
Expenditure on charitable attivities includes the costs of providing care and support to further the
purposes of the charity and their associated support costs.
Support costs comprise those costs which are incurred directly in support of expenditure on the object of the
charity and include governance costs, finance and office costs. Governance costs are those costs incurred in
connection with the compliance with constitutional and statutory requirements of the charity. Irrecoverable
VAT is charged as a cost against the activity for which the expenditure was incurred.
Use of volunteers
The Charity relies on up to 200 trained volunteers who carry out a wide range of work free of charge apart
from the cost of training and reimbursement of travel expenses. The donated services of volunteers in the
course of undertaking the charitable and income generating activities is not recognised within the Statement
of Financial Activities as it is impractical to place a value on these services.
Taxation
The Charity is exempt from corporation tax on its charitable activities
Tangible Fixed Assets and Depreciation
All assets are capitilised at their historical cost when purchased. Depreciation has been provided to write
down the net book value of the assets over their expected economic useful lives at the following rates:_
Buildings (excluding land) - 1 % straight line
Short term leasehold shop improvements - evenly over the term of the lease
Kennel improvements _ 20 % reducing balance method
Fixtures, Fittings and Equipment- 25 % reducing balance method
Motor Vehicles - 25 % reducing balance method
The need for any impairment of a fixed asset write-down 15 considered if there is concern over the carrying
value of an asset and is assessed by comparing that carrying value against the value in use or realisable value
of the asset when appropriate.
Stock
stock of retail goods is included at the lower of cost or net realisable value. Donated items of stock for resale
or distribution are not included in the financial statements until they are sold or distributed because the
trustees consider it imprattical to be able to assess the amount of donated stocks as there are no systems in
place which record these items until they are sold and undertaking a stock take would incur undue cost for
the charity which far outweigh the benefits.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered.
Prepayment5 are valued at the amount prepaid net of any trade discount5 due. Accrued income and tax
recoverable is included at the nest estimate of the amounts re￿1vable at the balance sheet date.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of
three months or less from the date of acquisition or opening of the deposit or similar account.

Page:15
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will
probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing
for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transartion value and subsequently measured at their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using the
effective interest method.
Operating leases
Operating leases are recognized over the period of which the lease falls due.
Fund accounting
Unrestritted funds can trt used in accordance with the charitable objettives at the discretion of the trustees.
Donations and legacies
02
2023
Donations, street collections, sponsorships and gift aid
Legacies
Membership subscriptions
108,477 112,014
169,888
Income from charitable activities (welfare of Greyhounds)
2024
2023
Dog welfare, adoption and rehoming
Grant income
29,229
23,221
Income from other trading activities
Charity shop sales and other income
Merchandise sales
Sundry fundraising activities
486,935 464,134
3,248
720
Investment income
All of the charity'5 investment income arises from money held in interest bearing detKJsit accounts.
Cost of raising funds
2024
2023
Charity shop running costs:
Premises costs
Staff costs
Other costs
Depreciation
Sundry- fundraising costs
126,031 128,761
282,900 250,935
27,258
25,357
10,327
8,351
449,099 420,428
Merchandise purchases
Analysis of expenditure on charitable activities
2024
2023
Sanctuary and kennel running costs
Dog welfare, training and veterinary costs
Suptx)rt Costs (note 9)
Governance costs (note 9)
168,622 168,172
112,484
60,845
26,797
15,642

Page: 16
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
Analysis of support and Governance costs
The charity initially identifies the costs of its support functions. It then identifies those costs which
relate to the governance function. These are allocated to the charity's main charitable activity which
is to promote the welfare and relieve the suffering of greyhounds and cross breeds in need of care
and attention and in particular to provide and maintsin rescue homes or other facilities for the
reception, care and treatment of such animals.
2024 2023
Support costs
Computer, website and other admin costs
Bank, credit card and PayPal charges
16 062 5 459
10 735 10 183
26 797 15 642
Governance costs
Staff costs
Professional fees
Trustees, travel and meeting expenses
Accountancy
55,001 33,880
2,063 8,610
4300 3481
61364 45 971
Totsl support and governance costs
Net Income
This is stated after charging:
2024 2023
Depreciation/5urplus on sale of tangible assets
Independent examinerfs fees - a5 examiners
preparation of accounts
payroll services
1,600 1,400
2,700 2,081
530
865
io
Trustees. remuneration and benefits
There were no trustees, remuneration or other benefits for the year ended 28 February 2024.
No reimbursement of travel and meeting expenses were made during the year. (2023 £NIL).
11
Staff costs
Staff costs were as follows:_
2024
2023
Wages and salaries
Social security costs
Employers contribution to defined contribution pension scheme
415,784 351,094
23,485 19,834
Number of employees.
The average monthly number of employees during the year was
No
26
No
22
In addition, up to two hundred volunteers provided sUPPOrt during the year.

Page: 17
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
12
Tangible fixed assets
Land and
buildings
Short terni
leasehold
shop
improvemerrts
Kennel
Fixtures
Motor
improvements fittings and Vehicles
equipment
Total
Cost
At l March 2023
Additions in year
Di5P05a15 in year
At 28 February 2024
404,682
58,727
33,601
19,379
38,831 30,100 565,941
839 13,869 34,087
(5 990)
Depreciation
At l March 2023
Elimination on disposals
Depreciation charge for the year
At 28 February 2024
Net book value
At 28 February 2024
At 28 February 2023
28,862
47,620
20,940
29,466 19,586 146,474
(4,294) (4,294)
2 551 5 096 21191
13
Debtors: amounts falling due within one year
2024
2023
Trade debtors
Other debtors
Prepayments
3,370
3,906
42,541 58,092
27 997 22 101
14
Creditors: amounts falling due within one year
2024 2023
Creditor - Charitable direct costs
other creditors
Accruals
1,449
1,572
179
2,202
28 365 22 182
15
Analysis of movement in funds
Balance at
01.03.23
Incoming
resources
Resources
Balance
expended 28.02.24
Unrestricted - General fund
Restricted fund
Total Funds
849,115
696,567
(820,477) 725,205
(1064) 5 859
Analysis of movement in funds- previous year Balance at
01.03.22
Incoming
resour
Resources Balance
expended 28.02.23
Unrestricted - General fund
Restritted fund
Total Funds
744,358
818,285
(713,528) 849,115
(1419) 6 923
16
Financial commitments
At 28 February 2024 the company had commitments under non-cancellable operating leases over the
remaining life of those assets amounting to £317,750 (2023 £411,000)

Page: 18
GREYHOUND RESCUE WALES
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 28 FEBRUARY 2024 (Cont'd)
17
Related Party Transactions
There have been no related party transactions in the reporting period that require disclosure.

Page: 19
GREYHOUND RESCUE WALES
(A company limited by guarantee)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR TO 28 FEBRUARY 2024
2024
2023
INCOMING RESOURCES
Donations and legacies
Donations and 5pon50r5hips
Legacies
Street collections
Membership income
Gift aid
74,378
65,908
169,888
1,106
18,713
4,350
18,557
127,034
300,615
Income from charitable activities (welfare of Greyhounds)
Adoption income
23,414
Grant income
20,160
Relinquishment donations
3,358
Sundry income
19,931
7,500
1,420
49,389
30,721
Income from other trading activities
Charity shop sales
Sundry shop income
Merchandise sales
Sundry fundraising activities
486,935
13,894
3,248
464,134
4,810
720
519,162
486,531
Investment Income
Bank and building society interest
982
418
Total incoming resources
Total resources expended (page 15)
Net {outgoing)lincoming resources
696,567
(821541)
(￿)
818,285
(714 947)
Thispage does not fonn part of the statutory financial statements