GREYHOUND RESCUE WALES (A company limited by guarnntee) TRUSTEE REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 Registered Charity No 1152650 Company No 08411721
GREYHOUND RESCUE WALES (A company limited by guarantee) coKrEKfs OF THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 Page Report of the TrusteeslDirectors Independent Examiner s Report ststement of Financial Activities 10 Balance Sheet li Statement of Cash Flows 12 Notes to the Financial Statements 13-20 Detailed Statement of Financial Activities 21-22
GREYHOUND RESCUE WALES (A company limited by guarantee) REFERENCE AND ADMINISTrATIVE DEfAILS Charity Name Greyhound Rescue Wales Reglstered Charlty Number 1152650 Registered Company Number 08411721 (Registered in England and Wales) Registered Office Hillcrest Brynthin Road Gamant Ammanford SA18 IYS Directors/Trustees Debra Allen rina Dunstan aaire Gardner Magdalena Gry(zmanska Dr Claire Lawson Alain Thomas Essex Havard (resigned 23.09.24) Professor Malcolm Eames Jenny Newbury Julie Payne (resigned 11.01.24) Nicola Hughes Rebecca Brown Amanda Simisker Key management personnel Tim Doyle (CEO) Katie Murrell (Income generation manager) Judy Badcock (Retail manager) Nicola Jones (Rescue and rehoming manager) Company Secretsry Dr Claire Lawson Independent Examiners Harris Bassett Limited Chartered Accountants 19 Murray Street Uanelli SA15 IAQ Bankers HSBC l Alexandra Road Gorseinon Swansea SA4 4NJ
GREYHOUND RESCUE WALES (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR TO 28 FEBRUARY 2025 TRUSTEES. REPORT FOR THE YEAR TO 28 FEBRUARY 2025 The Trustees are plea*d to present thelr annual directors, report together with the financial ststements of the charity for the year ending 28 February 2025 ¥vhich are also prepared to meet the requlrements for a directors. report arbd accounts for Companies Art purposes. The financial statements comply with the Charitles Act 2011, the Companies Act 2006, the Memorandum and Artides of Association and Accounting and Reporting by Charities: Statement of Recommended Pract applicable to charities preparing their accounts in accordan with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). srRUCTURI GOVERNANCE AND MANAGEMENT Governin9 document The organisation is a charitable company limited by guarantee, incorporated on 2iJth February 2013 and registered as a charity on Isi July 2013. The company was establlshed and is govemed uNler Its Artlcles of Nssociation which sets out its objects and powers. Organlsatlon and management The Charlty is &Jministered and managed by the members of theTwstees which shall conslst of not less than three members and not more than fifteen honorary office lderS of Chairman, Vice Chaiman, Secretary and Treasurer elected by members from am¢)ngst themselves. A member of the Trustees shall cease to hold office if they become disqualified, Incapable, is absent from meeting5, notifies the trustees of their wish to resign, aSeS to be a member or falls to declare an interest in a contract of the tharity. The Trustee Board, which ccffiprises of TruStlDireCtOrS and other approprlate personnel, meets on a monthly basis to discuss issues and future plans. Recruitment and appolntment of new tnthes The names of the Trustee Prf)anl are shown on the previou5 page. The Charity is a company limited by guardntee and none of the officers hold any shares In the company. The Charity is administratsd by a Trustee Board of between three and fiften persons. The Trustee Board members can either te elected at the Annual General Meeting or Copted by the Trustee Board provided that the totsl number of cffied nominated members does not exceed one third of the total members of the Trustee Board. No MeMr of the Trustee Board can seNe for more than three years wlthout belng formally re-elected. Inductlon and training of new trustees Most Trustees are already familiar with the prtical work of the Charity. New Trustees attend the regular Trustee m&tings and are actively encouraged to Increase their ¢)verall knowledge of the Charity by reviewing its extenstve operdting procedures and to consult with other Trustees who have detslled experien ofthe partlcular areas of responsibility to which they have been allocated. In addition, new trustees undergo a structur&J Inductksn prcs, led by the Chair and Vice Chair and supported by an Informatlon pack. The company was estsblished and is govemed under ts Article5 of Assoc5atlon which sets out its objects and powers. Under those Artlcles the members of the Trustee Board are elected at AGM. A member may be co- opted at any trustee meetingi subject to the Artides, until the next AGM. The crty is operatsj in accordance with its Artlcles of Assoclation. The Trustee Board is responsible for all aspects of the Charity. Sub committee5 are delegated the power to make some declslons on behalf of the Board. The Chief Executive OffIraIs0 has delegated powers set ¢)ut in a schedule of delegation. Wider network Greyhound Rescue Wales is the largest Welsh based Greyhound Rescue Ckganlsatron. It was initially established in South Wales where the regitsed office and kennels are based. It has members across Wales. Pagel I
GREYHOUND RESCUE WALES (A company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR TO 28 FEBRUARY 2025 Relationships with other organisations The charity works closely with other similar charities includlng RSPCA Cymw, Dogs Trust, Hope Rescue, Blue Cross, Forever Hounds Trus¢ and Battersea Dogs and Cats Home. It is a member of Animal Welfare NeIOrk Wales, the Assoaation of Dogs and Gits Homes, the Institute of Fundraising and the Wales Council for Voluntary Action. Risk management The Trustees have a duty to identify arKJ review the risks to which the charity is exposed and to ensure apwopriate contmls are in place to provide reasonate assuran agalnst fraud and error. A Rlsk Register is in Pla and this is VIeWed and updated at eath trustee meeting. Pr(Kedures are in place to ensure Complian with the health and safety of stsff, volunteers, sOr5 and sup[X)rte. OBJEcfIvES AND AcfIvITIES The objects for which the Charity is established for the public benefit are: (l) Principally but not exclusively in Wales and its environs, to promote tr Vlfare and relieve the suffering of greyhounds and greyl)ound cross breeds (lurchers} in need of care and attention, and in particular to provide and maintsin rescue homes or other facllltles for the reception, care and treatment of such anlmals. {2) To promots humane behaviour towards animals by providing approprlate care, protectlon, treatment and security for greyhounds and greyhound cross breas which are retired, unwanted, or in need of care and attention by reason of sickness, or circumstances or ill usage, and to educate the public in matters pertaining to anlmal welfare in general and the pventIOn of (Tuelty and SLrffering among animals. staff and Volunteers During the year up to 26 full and part time staff were employed at the Charity. (Retsil 13, Rescue and Rehomlng 8, Fundrnising 2, Financial Admlnlstratlon I, Admin Support I, CEO I). In addition, 176 volunteers provlded support. The Trustees Board wtsuld like to thank the staff and volunteers for their exceptional work during the period. ACHIEVEMENTS AND PERFORMANCE- REVIEW OF ACTivrrIES This report sets out the highlights of Greyhound Rescue Walgs financial year from 1st March 2024 to 28th February 2025. From the very start of the year trustees reolised that 2024-2025 was g)ing to be financially challenging with the dia faclng ever Increaslng costs, while its new fundraising strategies were still taknng root, and the retsil sector as a wlTr)le struggled to return to pre-pandemic performance. Rescue and rehoming faced difficulties too as the costf-11vln9 crlsls led to a redurtion in home offer5 for Greyhound Rescue Wales in common viith other dog rescue charities, year has therefore seen a focus on sustsinability, wth some development projects being postponed, economles made, and much effort devoted to increasing income to meet rising costs as well as improvlng underlying systems. It is to the credit of our devoted stsff and volunteers that Greyhound Rescue Wales ha5 arrlved at the end of the finan¢ial year in a stronger position than at the start and we can now reasonabty hope that 2025-2026 will see development projects resume and the Charity gin tr) grow once more. On Febnjary 18 2025 the Welsh Government announced its intention to ban greyhound racing in Wales. This momentous lic¥ change brings our vision of a Wales without Greyhound Racing within reach which will mark a major achievement for the charity. Care and Welfare GRW strrves to successfijlly Pla greyhounds lurthers into new homes with their adoptive families, through an efficient matd)ing process undertaken by the hoMIng team. Our rehoming team also organise events and group walks and attend fundraising activitie5 to increase the visibility of the dogs and help find them home5. The high stsndard of care, rehatilitation and enrichment offered to greyhounds and lurchers remains a source of pride and these are now codffied in GRW'S Welfare Framework which sets out the standards and levels of care that GRW gives to its dogs. The team Is contlnually reviewingi developing arKt implementlng new ideas. Virtual methods of hom&checking contlnue to be used because these are safe and effertive. Adoption applications continue to be considered on their own merlts and decisp)ns are based around how prospective adopters propose to net a dog's needs rather than external crlterla such as whether they are In work or not. The aim is to encourage more people (for example those who worl without a garden or Page12
GREYHOUND RESCUE WALES (A company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR TO 28 FEBRUARY 2025 with a feno below 6 feet in helght) to help a hnd in need. We belleve that through a careful and thorough assessment of the dogs we have in our care - a matth is possible in FrK)st cases. Earfy in the year the staffing structure at Hillcrest was re-organised, the main change being the creation of the wst of Rue and Rehoming Manager whith is in overdll charge of all operations at Hillcrest. The Marwr is suworted by a Kennelling COrdInator, a Rehoming Co-ordinator a part time Kennel A55iStanL Vdunteers continue to play a crucial role at Hillcrest including young Ople undertaking the Duke of Edinburgh scheme, people gaining wor experience and Skills, retired people who want to help in a handSn way and, of course, those who just want to spend time with (logs. Guidelines, induding 5a@uarding ProdureS are in Pla to ensure that children under 16 can safely volunteer at Hillcrest thereby further increasing the diversty of our volunteers. It is expthl that volunteers will play an increasingly important role in the coming year. GRW has met regulady with two key partner organisations involved in rehoming during the year: Forever Hounds Trust and Dogs Trust. This has all0v1 us to share information and insights about rehoming prattl and issues affectFng rehoming. All three Organisatior have now adopted a siandard policy of requesting a £200 rehoming donation from GBGB registere(I trainers who wish to surrender a greyhound. The trniners are abEe to reclaim this sum from the GBGB. An automated pjst-adoption support system has been set up and this has received positive feedback. The year has en challenging for Greyhound Rescue Wales, along with all other animal rescue organi5ation5, but our team have responded eftctively. The cost-of-living crisis has been the main factor whlch has resulted in a decrease In home offers. Another factor was that the charlty took into its care larger than usual numbers of dogs needing a lot of time to rehabilitate and make ready for Ilfe as a companlon anlmal. These dogs remain in our care for longer than average which r&Juces our intske capacity with a knod(-on effect ¢)n rehoming. We are proud we are able to accept these often nervous and sometimes traumalised dogs into our care and give them the time and care they need before they are ready to move into a home. We are also deeply grateful to the very special adopters who give such dogs the life they deserve. Despite these challenges the charty rehomed 95 thjgs during the year and plans a In hand to Increase this number next year. These plans inclLtde "Project Gelerv which aims to achieve a Wales-wide expanslon in the number of foster homes leading to increased Intake capaclty and a greater abilty to rehome dc4Js across the whole country. The need for homes for Greyhounds In Wales has never been higher with the expanslon of racing at Wales's remaining stsdium in Ystrad Mynach resultlng in more greylTr)unds than ever needlng homes when they are no lorKJer useful for raclng. Corwuentty, the waiting list of greyhounds has increased, with 40 to 50 awaitin9 a rescue place at any one time. This pitture is likely to LE repeated across all organisations reIving fomier racing greyhounds in Wales. In addition to the regular rehoming worK GRW contlnued to help a number of injured hounds through our Last Hope scheme, rehabilitats.ng them from injury and into their new lives. Two additional schemes operated during the year to respond the new demands. Keeping Hounds in Home5 pfDvides support to owners who would otherwise have to surreThJer their sighthounds due to personal or financial pressures. This projert helped keep nine houTKls in their homes during the year and there are ojrrentty 60 dcMJ fo(xibank users. A new storage faolity, in the form of a fomier shipping contsiner is now located on site. This provides a large area of Secu storage for food for our own hounds and the Keeping Hounds in Homes Foodbank. The PALS (Patien, Attitude, Leaming Supp() prO]t $CIfiCallY targets adopters who are willing to adopt a dog with additional needs by providing additional support and infoThtion. The number of kennels at Hillcrest has remained at 20 through¢xrt the year. However, the kennel block in the former stables adjoining the house has bn fully refurbished imFroving the accommodation in the two double and one single kennels located there. The remedial works carried out across the site in the year 2023-2024 have ensured facilities remained satisfartory ft)r the time being. A new plan for the improvement and reVelOpMent of Hillcrest over the coming years has teen prepared. It Is recognlsed that our Hillcre5t rehoming centre (excluding the house) 15 in need of redevelopment in the very near future. Most of the fixed structures are approathing end of life and whilst the team there are doing an exlIent job of making do. with the re50urces they have, we cannot delay the process of redevelopment any fvrther. The previous redevelopment woject had reached a natural impasse due to the rlslng cost of construction post-pandemic. Whilst thorough and detsiled work had been undertaken and the projert advanced to the polnt of finalised architectural Page13
GREYHOUND RESCUE WALES (A company Ilmlt•d by guarantee) TRusfEES' REPORT FOR THE YEAR TO 28 FEBRUARY 2025 drawlngs, engagement with fundraising consultants showed that the Ilkely cost of delivering the project would exceed our fundraising capabllltles. Not only were there cost implications, but the nature of greyhound rescue and the future of Greyhound Rescue Wales has shifted considerably since the inception of the previous proktt. For the first time in our history, we are looking at the P055ibilty of greyhound rescue as we kTh)w it, coming to an within the next 10-30 years. The construction of a permanent greyhound-bespoke centre may no longerallgn with our future directi versus a structure that is more adaptable in the medium term. Our latest objectives are to replace existing structures with a fit-for-purpose replacement or alternative, achieve a stnictural lifespan of 20 years minimum, achieve a non-structural lffespan {e.g. kenrEI Frf)ds, fixtures and flttlngs) of 10 years mlnlmum, expand parking on the site to a minimum of 8 visitor vehKles and 3 GRW vehicle5, adopt a modular approach that will allow quick and easy reconfiguration andlor upgrade of facilities in the future, keep disruption to operations to the shortest amount of time possible, utilise existing infrastrucbjre (where it is of a suitable standard) to reduce both cost and bulld time and keep costs within a limit that is athievable through grant funding. In February 2025, followlng the annountrment of the ban on greyhound racing in Wales, Greyhound Rescue Wales convened the flrst meeting of a Collective of nine rescue charities active in Wales to co-ordinate the intake of greyhounds foll¢)wlng the ban so that every greyhound who needs one will be offered a rescue platr. By pooling our resources and maklng a concerted efftif¢ we are confident that the short-term increase in greyhounds urgently needing a rescue Pla wlll be absorboj within two months of the ban, after which Greyhound Reue Wales will have more capacity to tske in greyhounds from the remalnlrKJ 17 ts7¢ks in the UK. Greyhound Rescue Wales has also set out the optlons for the longer-tsrm future of the charity following the ban and these will be presented to the MeMbehIp at a future general meettng. Therapy Hounds The Therapy Hounds projett enable5 adults to re1ve therapy through dogs and promotss greyhounds and lurthers as Frts. Studies have shown that dogs reduce stress, anxiety and depression as well as easing lonellness and improving overall health. Stroking a dog provides sensory relief and has been shown to reduce cortisol levels which lowers blo¢>J 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 mlss canlne company. Most organlsauons we vlslt are now asked for a contribution to ensure that the costs of the Therapy Hounds project are fully covered, wlth any excess Income diretted to GRW'S general fijnd in order to help the dogs in our care. Non-sighthound5 continue to be able to join the Therapy Hounds team and these visit alongside our greyhounds and lurchers showlng that our hounds can interatt happily with dogs of all shapes and sizes. All our Therapy Hounds are assessed by a qualified behaviourlst to ensure they are suitsble for the role. A voluntser trustee reorganised and developed the Therapy Hound projert durlng the year, improving administraiive processes and recruiting new volunteers and dients. There are currentty 37 active voluntsers and activities have be Stepped up as shown by the fact there are 20 vistts planned for the first three months of 2025. As a result of this increase in activity Therapy Hounds is expected to make an appreclable finandal contribution to GRW durlng the comlng year as well as levIng Its wellbeing objertives. Working for Change Greyhound Rescue Wales Is a member of the Cut the Chase Coalition of rescue organisatrons alongside Blue Cross, Dogs Trust, Hope Rescue and the RSPCA and has continued to support the movement to end greyhound racing in Wales during 2024-2025. This work has been led by the Campaigns and Promotions surOuP of the Board. The work of the group contrilxjted to the landmark announcement by Welsh Government on February 18th 2025 that greyhourKi racing will be banned in Wales. .In acrnrdanco with our Vision and Mission, Greyhound Racing Wales has played a supporting role in the campaign to brlng about an end to greyhound raclng In Wales. At the time of writing, Wales only has one remalnlng greyhound traLX the Valley Greyhound Stadium In Ystrad Mynach. Predcrfninanuy, our role In the campaign ha5 b&n to allocate volunteer5 to monitor and gather Information about greyhounds involved in the racing industry whether directly in Wales itself, or greyh(MJnds that reside In Wales and partiapate in the industry elsewhere. We have also gothered a large amount of data and our volunteers (which include vets, a&idemics and Page14
GREYHOUND RESCUE WALES (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR TO 28 FEBRUARY 2025 dats scientists) have provided extensive analysis on a level never pwiously seen for an individual greyhound track in the UL Although we do publicise some of this Information ourselves. muth of it is fed into the "Cut the Chase Coalition" As a coalition. we have been sharing resources to best play to the strength5 of each individual organisation and shine a spotlight on the issues that fa dogs involved with the greyhound racing industry. In February 2025, Huw Irranca-Davies MS, Deputy First Minister and Cabinet Secretsry for Climate Change and Rurol Affairs, annoUnd that Wales would become the first nation in the UK to ban greyhound racing. This wa5 exceptionally good news for the cause of greyhound welfare in Wales, and we expect to be working closely with the Welsh Govemment over the coming months to r4an the implementation of a ban, induding the rehorning of all dogs leaving the industy. Naturally, followe and supporters of Greyhound Rescue Wales will have questions about what this means for the future of the charity. We published a statement on our website outlining the next IO+ years of our future which is available aL" htt oundresc ewal h Vernment-annoUn5-bafi-0n-areVhound-raCin0-in-WaIes-what-ha ne Keeping in Touch A team consisting of both staff and volunteer5 kioks after GRW'S communications making sure that anyone inteted in what we aNI our dogs do can access relevant and up-toate infomiation. Our website is an Imwrtant platform for information and engagement with potential supporters and ack)pters with online processes for donatlons, offers of help and home offers for our hounds. A weeY blog 15 also produced. Subscribers receive our bi-monthly newsletter, Speedy News, by emall. We also share information across slx soclal medla platforms. GRW has a main Fabook page and our supporters have their own F3boOk group - Greyhound Rescue Wales Supporters whlch Is a vlbrant forum for sharing snippets from their dogs. lives, humour, and discussion. GRW can also be followed on Linkedln, Instagram, mkToK and YouTube. During the year trustees decided to leave the X (formerly Twitter) platForm tecause it was felt the plarform was not in line with GRW'S values. We have subsequently joined the"Bluky" platform. Twice a year, members receive Greyhound Express - a GRW magazlne wlth contributions from GRW staff, trtee5 and other volunteers, and also pieces sent in by our readers. Greyhound Express is reoived digitally, by emall, or as a paper copy, by rx)st. A batch of printed magazlnes is also dispatched to our shops and available at events. GRW staff and volunteers have featured in mU1ple medla appearances throughout the year promotiThJ the work of the organisation and contributing to the campaign to ban greyhound racing in Wales. Volunteering The backbone of Greyhound Rescue Wales continues to be our membershlp and supporters, many of whom donate money or time, which is critical to our success. We have continued to offer numerous individual volunteering oppothnities during the year including.. as shop staff, foster carers and transporters for hounds, dog walkers, fundraisers, creative social media OFWrtunitie5, and therapy hound visitors. In addition, we participate in some 5truttured volunteering pr(KJrammes. Our shops have agreements to offer work experien with rrEC, the leading provider of work-based leaming 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 retail to help them gain experien and qualifications. Our HillLTest rehoming centre has recmited volunteers with additional needs, via MenGlP and CAMHS, and an unpaid work team from the Probation SeNice attend the ntre site to work on site maintenance. Children under 16 are able to volunteer at Hillcrest. The range and rlchness of our volunteer offer Is an important achievement. In¢ome generation Costs have continued to rise sharply due to the current economic climate with vet Costs in particular rising above the rate of inflation. Our income generation teams have therefore had to meet the challenge of Increasing the amount they briro in, and this in a context where many people are being forced to cut bath on the amount they give to charty. The year saw the complete rebuilding of our underlying information management system and a transition to a new CRM (Customer Relationship Management) system. This involved a vast amount of work but will lead to a fully automated, Pagel 5
GREYHOUND RESCUE WALES (A company limited by guarant•e) TRUSTEES, REPORT FOR THE YEAR TO 28 FEBRUARY 2025 effective and sustslnable system to support mre effettive fundraising across all activities. The time spent on this was a real investrnent in the future of GRW and we are proud this has teen achieved during these difficult financial times. A fundraising strategy has been implemented in phased steps throughout the year with the alm of ensuring the financial viability of GRW going forward. Thi5 hès been led by our FundratsiThJ Manèger and Community Fundraiser SUPFQrted by four regular fundraising volunteers and numerous other members and supporters who have organised their own fijndraising activltles or contributed in other ways. The strategy Includes the development of new fundlng streams to complement our wellstabllshed Income generation and retsil activitres. Funds a currartly raised from numerous sources including online and fdce to fa events such the annual online "Pawsome Auttion. to raise fvnds for the Last Hope fund whlch helps hounds whose lives are at Immediats risk, a a)rlstmas collection, a Raise for Grey5 event, and a virtual balloon ra. Regular giving schemes include Sponsor a Dogi Sponsor Kennel, the Hillcrest Supper Scheme and a mnthly bttery. These provide a reliable source of income. Income gerEration from grant fvnding was once more successful during the year enabling us to subsidlse our vet costs and construrt a soundproof barrSer at the rear of our main kennel bkth The charity also benefited from several lecleS during the year. Donath)ns from our members and supporters offer another income stream which is often boosted by Glft Ald. A Corporate Sponsorshlp scheme was developed during the year and has already begun to generate income. It is to the credlt of our stsff and volunteers that many fundraising adlvltles set new records for income during the year including the Pawsome Auttion and the Balloon Ra. Sponsor A Dog has a150 coritinued to grow as has the monthly lottery. Stsff also took the initiative to Introdu new fundraising prOjts such as the one-off "February 500" campalgn where supporters were Invited to rdise £500 for GRW during February. Charity retsil has long been a key part of our flnanclal success. Our six shops with their high levels of presentstion and eye- Gltching and award-winning displays are a vibrant feature of all the hlgh streets where they are located. They make a positive contribution to the environment through bringing back into use pre-owned goods and by highlighting envlronmental issues for example through an annual "Trashion" show. They help to address povety and the cost-of-llving Crisis by makSng avallable affordable items. They offer creative volunteering activities and work placements In a sUPWrtive environmenL The shops are also a focal point for events and activitles whlch Integrate GRW with the communltles where they are located, and they offer an addltlonal way of promoting hounds need homes. During the year they reIVed visits from our Therapy HndS team for the first time increasing synergy between dtfferent parts of GRW. The economlc downturn continues to affect our shopsi more people seem to be coming to charity retsil in some areas, but at the same ts'me the volume and qualty of donatFons to our shops are down, and our shops have received more unsaleable donations than in the past. In addition, shopllftlng, whldi has always been a problem, has recently increased resultlThJ in loss of StC and Income. Our staff have been fulty briefed about how to respond and to avoid putting theMSeeS In danger. Our staff and volunteers have faced up to these Issues and worked hard throughout the year to Increase profftabilty at all shops. Thanks to their efforts the shops remain our largest Income stream, and our dedicated stsff and volunteers have successfully wured that all our outlets continue to make a vital contritIOn to assurfng the fijture viabilty of Greyhound Rescue Wales. Oryanisational Developrnent The evaluation and monitoring of GRW's work was significantly improved during the year by the introductlon of a number of Key Perfornian Indicators covering Rescue and Rehoming, Keeping Hounds in Homes, Volunteering, Fundraising, Flnance, Therapy Hounds and Communications. Most indicator data is gathered automatlcalty transferred to a "Dashboard" which provides an "at a glan. summary of performance. The Dashboard is refreshed frequently {at least weekly). Some work remains to be done to fully automatlse dats collectlon, but the Dashboard Ma a major step forward and is something that manyi much laryer organisations would be ?d of. A cYr security assessment was carried out (pro bono) by a professlonal IT company during the year. Woth 15 in hand to translate the findings into a proportionate cyber curity FKsIicy. Many other organi5ational development activities have been described elsewhere in this report. Major projects indude: the complete rebuilding of underlying information management systems, the implementstion of a new fundraising strategy and the -¢JUaniSatIon and development of Therapy Hound& Page16
GREYHOUND RESCUE WALES (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR TO 28 FEBRUARY 2025 Governance The Charity Commission queSted some changes to the amended CIO constitution that was appVed at the AGM of 18th February 2024. These thange5 have now been made and the amended constitution will be submiiied to the 2025 AGM. A schedule of delegation is in place setttng out p)wers delegat&l by the Board to the CEO and sub-groups, and all sub-groups are equitwi wtth clear TenrG of Referen. The Offir5 Sub-Group continues to meet tetween trustee meetings to take decisions whtch are urgent but not deemed to be overfy imwrtart. This allows minor dlsionS to be taken quickly and enables tWStee meetings to focus on the mo significant issue5. Subgroups are also in place to Mana promotions and campaigns, arrarKJements for the AGM. and Hillcrest developments. The planned north Wales suLxJroup has not yet been established but a trustee has been rectuited from north Wales and we hope another will join her to provide a core around whi(h to build in the north of the county iluding the esiaLlishment of the suiFgroup. TnJ5tee5 have designated lead roles for rtain areas of the Charivs worK and most lead tru5tee5 have now appointed deputy for their areas of responsibility. This al6 to ensure continuty in the event of a trustee being unable to fulfil their duties and potentially to asslst wtth future succe55ion. Policies continue to be reviewed and updated as nece55ary. A named trustee or member of staff has been allocated as the lead person with responsibilty for periodically reviewing each wlicyi and a timetsble for reviews is in pla. In i)Jture, some policies whlch are not expected to requlre frequent updating will be revlewed every two years, or every three years, white others will continue to be reviewed annually. A decision Icg has been set up to track trustee decisions affecting policy or worklng practices to assure continuity, even when Indlvidual trustee5 move on. Historically, GRW trustees have been quite heavily involved in operational matters. However, with appointment of a CEO this changed and the Board foojsed more on governan and strategic decisions. During the year, it was rec(KJnised that GRW is still in a "mixed operational model" and that there are areas where there are no members of stsff in place (e.g. campaIgr and Promotions), or where staff time is limited (e.g. Therapy Hounds) where trustees may need to tske more of a lead role operationally. This is an ongoing process and work will contlnue through 2025-2026 and beyond towards achievlng an approprlate balance between strategic and operational pOnSIbl11t*S for trustees. A trustees, skills audlt Is underway to identify strengths and gaps in the skills and experien of the current board to assist with tsrgeted recruitment in the future. We are proud of where we have got to, however we recogntse that 9)od governan is an ongoing and continuous process, to which we remain firmly committed. FINANCIAL REVIEW As stated earlier the year has en financially challenging. GRW'S re5eNe5 meant that this was not an existential challenge. However, alongside increasing income, economies have had to te made. A series of contingency measures which would be triggered when relVeS reached rtain thresholds were prepared. Only one has so far proved rEssary which involved reducing the use of bank staff and seeking to attract additional volunteers. The Real Living wa increased by 5Wo during the year which wouki have increased GRW s wage bill by £24,000 per year. Sadly, this meant that GRW had to leave the Real Living Wage Scheme because applying it across the organi5ation would have been unafft)rdable and could have resulted in redundancies. It is hoped that we will be able to rejoin the scheme in the fijture. The Charitys totsl income for the year increased from £696,567 to £750,503. There Vdas an overall deficit for the year of £90,525 (2023-24 £124,974). Overall, the balance of reseryes carried fotward is £640,539. Reserves policy It is the policy of the charity that unrestricted funds which have not been designated for a specific use should, if possible, be maintained at a level equivalent of at least three month's expendlture. The Trustee5 consider that reserves at this level V4ill ensure that, In the event of a significant drop in ftjndingi they will be able to continue the charty's current actlvltles whlle consideration is given to ways In which additional funds may be ralsed. Page17
GREYHOUND RESCUE WALES (A company Ilmlted by guarantee) TRusfEES' REPORT FOR THE YEAR TO 28 FEBRUARY 2025 Investment policy The Charity invests its funds in bank and buihjing society deposits and ts continuaNy seekiro to obtain better rates of return. A revlew 15 currently UndeaY to identify investmetrt options which are iri line with the values of GRW as well a5 offering better rates of retum. TRusfEES" RESPONSIBILThIES IN RELATION TO THE FINANCIAL sfATEMENTS The charity trustees (who are a150 the dlrthrs of Greyhound Rescue Wale£ ft)r the purposes of company law) are respor6ible for preparing a trustees. annual report and financial statements in accordance with applirAbfe law and United Kingdom Accounting Stand3rds (United Kingth)m &nerally Accepted Accounting PtBctl). Company law reyuires the Trustee5 to Prepa finanrial slatemerts for each financial year which give a twe and fair view of the State of the affairs of the charitable company as at the balan sheet date and of its incoming resour5 and application of resources, indudirKJ income and expenditure, the financial year. In preparing those financial statements, the Trustees should follow best practice and: selett suitable accounting policies and then apply them consistently; observe the methods and principles In the charftles SORP; make judgements and estimates that are reasonable and pwdent; ststs whethw applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concem basls unless it is inappropriate to assume that the company will continue on that basls. The Trustees are responsible for maintslnlng proper accountlng records which disdose with reasonable accuracy at any tlme the flnanclal FM)sltton of the charitable company and to enable t to ensure that the finala1 statements comply wlth the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the tharitable ccrfnpany and hence for taklng reasonablesteps for the prevention and detectlon of fraud and other irregulaiities. The Trustees are responslble for malntsinlng proFer accounting records which disclose with reasonable &curacy at any time the financial positM)n of the d)aritable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also resp)nsible for safeguarding the assets of the charitabie company and hence for tsking reasonablesieps for the prevention and detertion of fTrud ar other irregularitEs. This report has been wepared in accordan with the spe(ial provisions of Part 15 of the Companies Act 2006 rdating to Small Companies. 6th June Ap[0Ved by the Executive Committee on ... ..................... 2025 and signed on tts behalf by: cEKLo4JgoL Alain Thomas- ChairperK (DirectorlTrustee) Dr aaire Lawson - Secretary (DirectorlTnJ5tee) Debra Allen - Vice chairperson (DirectorlTrustee) Amanda Simisker- Treasurer DlrectorlTrustee Page18
GREYHOUND RESCUE WALES (A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREYHOUND RESCUE WALES I report to the charity trustees on my examination of accounts of the company fv the year ended 28 February 2025, which are set out on pages 10 to 19. ResponbIlle5and basis ofreport As the charitys trustees of the company (and also it5 directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006 Cthe 2006 ALY). 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, E report in respect of my examination of your charity's accounts a5 carried out under SeCn 145 of the Charities Act (the'2011 ACQ. In carying out my examination I have followed the Directions given by the Charity Commission under 145{5)(b) of the 2011 Act. Independentexaminerfs 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 Att. I confirm that I am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed t()dies. I have compkted my examination. I confim) that Th) matters have come to my attentlon In connectlon wth the examlnatlon gfvlng me cause to believe., (l) accounting records were not kept in respect of the company as required by sectlon 386 of the 2006 Act; or (2) the accounts do not accord with tho accountlng records; or (3) the accounts do not comply wlth the KcountEng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair, vlew whlch Is not a matter considered as part of an independent examination; or (4) the accounts have not been prepared in accordan wlth 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 clneCtion with the examination to which attention should be drdwn in this report in order to enable a proper undeandIng of the accounts to be reached. Nichola5 Wathen Bastt F.C.A Chartered Accountsnt Harrls Bassett Llmlted a)artered Accountants 19 Murray Street Llanelli Carmarthenshire SA15 IAQ Page19
GREYHOUND RESCUE WALES (A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR TO 28 FEBRUARY 2025 Notes Unrestricted Restricted funds funds Total 2025 Total 2024 Income Donations and legacies Income from charitsble activities Income from other tsding activities Investment income Totsl income 193,402 62,016 193,402 62,016 127,034 49,389 490,439 490,439 519,162 982 696,567 750 503 750,503 Expenditure Cost of raising funds Expenditure on charitable activities Total expenditure 475,616 364,614 475,616 798 365,412 452,274 369,267 840,230 798 841028 Net expenditure and net movement in fvnds for the year {89.727) (798) (90.525) {124,974) Reconaliation of funds Totsl fvnds brought forward 15 725 205 5,859 731064 Totsl funds carried forward 635,478 5,061 640,539 731,064 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from o)ntinuing activities. IOIPage
GREYHOUND RESCUE WALES (A company limited by guarantee) BALANCE SHEET AT 28 FEBRUARY 2025 2025 2025 2024 2024 Flxed assets Tangible assets Total fixed assets 12 416 860 416,860 430,667 Current assets Stock Debtors Bank and cash 542 49,060 205 707 255,308 1,280 73,908 255,202 330,390 13 Creditors Amounts falling due within one year Net current assets Totsl net assets 14 31630 223 679 300 397 731064 The funds of the charity Unrestricted income funds Restricted income funds Total charity funds 15 635,478 725,205 731064 The charitable company is entitled to exemptK)n from audit under Section 477 of the Companies Att 2006 for the year ended 28 February 2025. The members have not required the charitstle company to obtain an audit of its financial staterrEnt for the year ended 28 Febwary 2025, in accordan wlth sectlon 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for: ensuring that the d)arltable company keeps accounting records that comply Ith Sertion 386 of the Companies Act 2006; and preparing finandal ststements which give a true and fair view of the state of affaits of the charitable 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 Act 2006 relatiThJ to flnancial statements, so far as applicable to the tharitable company. These finala1 strdtements have teen prepared in accordance with the special provi5ion5 of part 15 of the Ci)mpanies Art 2006 lating to Small Charitable Companies and with the Financial Reporting Standard applicable in the UK and Rewblic of Ireland (FRS 102) (effettive l January 2019). financial statements were approved by the Tw5teeslDlrS on ......................... 2025 and were sig1 on its behalf by: 6th June Alain Thomas - Chairperson (Dirertortrrustee) Amanda Simisker- Treasurer (DirthrlTru5tee) Company Number 08411721 Reglstered Charity Number 1152650 11 IPage
GREYHOUND RESCUE WALES (A company Ilmltsd by guarantee) STATEMEMf OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 2024 Cash flows from operating actlvltles Net cash expenditure Adjustments to cash flows from non-cash items Depreciation Surplus on disposal of tangible fixed assets Investment income (90,525) (124,974) 12 18,259 21,191 (499) 982 (105,264) (76,912) Working capital adjustments Decrease in stock Decrease in debtors Increase in creditors Net cash flows from operating attivitie5 738 24,848 720 10,191 13 14 Cash flows from Investlng activities Interest receivable and similar income Surplus on disposal of tangible fixed assets Purcha* of tangible fixed assets Net cash flows from investing activities 4,646 982 2,195 12 4,452 194 Net decrease in cash and cash equivalents Cash and cash equivalents at l March 2024 Cash and cash equivalent5 at 28 February 2025 (49,495) (121,226) 255 202 376 428 205 707 255 202 Reconciliation of net cash flow to movements in net funds Decrease in cash Net fijnds at l March 2024 Net funds at 28 February 2025 (49,495) (121,226) 255 202 376 428 205 707 255 202 All of the cash flows are derived from continuing operatlons during the above two years. Notes to the Cash flow statement Analysls of changes in net debt At 1.3.24 Cash flow At 28.2.25 Net Cash Cash at bank and in hand 255,202 (49,495) 205,707 12 IPage
GREYHOUND RESCUE WALES (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 ACCOUNTING POLICIES Isls of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities pparIng their accounts in accordan with the nanCIal Reporting Standard applicabte in the UK and Republic of Irekind (FRS 102) (effective I January 2019) - (Charities SORP (FRS 102), and the Companies Act 2006. Greyhound Rescue Wales meets the definttion of a public benefit entity under FRS 102. The financial statements 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 statements on going conrn basis. •• The Trustees make this assessment in respett of a per50d 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 aNJ Wales arKI has no share capital. The address of the registered office is Hillcrest, Brynthin Road, Garnant, Ammanford, SA18 IYS. In the event of the charity being wound Upi the liability in respect of the guarantee Is Ilmited to £1 per member of the charity. Income recognition Items of income are recognised and included in the accounts when all of the followlng criteria are met: the charity has entitlement to the funds; any perf0rrnan 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 reIpt of income is considered probable, aTh the amount can be measured reliably. Donations, grdnts and gifts are recognised when receivable. In the event that a donatlon Is subject to fulfilling perfomiance conditions tEfore the tharty is entitled to the funds, the Income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reportlng perlod. 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 tsx reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not •• received by the year end are accounted for in income and accrued incorne in debtors. For legacies, entitlement is taken as the earlier of: the date on whith the charty 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 made. or when a distribution 15 received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured rdiably and the charity has been notified of the executorfs intention to make a distribution. Sponsorshlp from events, fundraising and events registration fees are recognized in income when the event tskes 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 charivs shops. 13 IPage
GREYHOUND RESCUE WALES (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 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 accrua15 basis under the following headings: Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies. costs of fundraising activities including the costs of giKJds sold. shop costs, commercial trading and their assoaated support costs. Fundraising costs do not include the costs of disseminating information of 5UPFflrt of the charitable activities. Expenditure on charitable activities includes the costs of providing care and support to further the purposes of the charity and their assoaated support costs. Support costs comprise those costs whlch are Incurred dlrectly in support of expenditure on the object of the tharity and include governance costs, flnan and Offi costs. Governance costs are those costs incurred in connettion with the compliantr with constitutional and statutory requirements of the charty. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Use of voluntsers The Charity lieS on up to 200 trained volunteers who carry out a wlde range of work fr* 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 Ststement of Financial Activities as it Is impractlcal to pla a value on these services. Taxation The Charity is exempt from corporation tsx on its dritable attivities Tangible Fixed Assets and Depreclation All assets are capitalised 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 temi leasehold shop improvements - evenly over the term of the lease Kennel improvements - 200h reducing balan method Fixtures, Fittings and Equipment- 250h reducing balan method Motor Vehicles - 25 % reducing balan method nee(J for any impairment of a fixed asset write-down is 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 retsil 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 finanaal statements until they are sold or distributed because the trustees consider it impractical to be able to assess the amount of donated stc(ks as there are no systems in place which record these Items until tw are sold and undertaking a stock take would incur undue cost for the charity which far outweigh the benefits. 141 Page
GREYHOUND RESCUE WALES (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at amount prepaid net of any trade discounts due. Accrued income and tax recoverBble is included at the best estimate of the amounts re1vable at the balan 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. Creditors are recognlsed where the charty has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estlmated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Finanual 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 transaction value and subsequently measured at their settlement value with the eXPtiOn of bank loans which are subsequently measured at amortised cost using the effective interest method. Operatlng leases Operating leases are recogniTrd over the peric*J of which the lease falls due. Fund accountlng Unrestricted funds can be used in accordan with the charitable objectbves at the discretion of the trustees. Judgements and key sour$ of estimation uncertainty In the appliotion of the company's actounting policies, management are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other Sour5. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptlons are reviewed on an ongoing basis. Revisions to accounting estimates are recognised In the perlod In which the estimate is revised where the revision affects only that period, or in the period of the revislon and future peric<is where the revision affects both current and future periods. 151Page
GREYHOUND RESCUE WALES (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 Donations and legacles 2025 2024 Donations, street collections, sponsorships and gift aid Legaaes Membership subscriptions 129,615 41,764 108,477 193,402 Income from charitable artivities (welfare of Greyhounds) 2025 2024 Dog welfare, adoption and rehoming Grant income 35,578 29,229 Income from other trading activities 2025 2024 Charity shop sales and other income Merchandise sales Sundry fundrarsing activities 467,626 2,242 486,935 3,248 519 162 Investment Income All of the charity's investment income arises from money held in interest bearing deposit accounts. Cost of rnlslng funds Charity shop running costs.. 2025 2024 Premises cosLs Staff costs Other costs Depreciation Sundry - fundraising costs 136,737 296,749 21,965 5,349 126,031 282,900 27,258 10,327 466.526 449,099 Merthandlse purchases 475 616 45 274 161Page
GREYHOUND RESCUE WALES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 Analysis of expenditure on tharitsble activities 2025 2024 Sanctuary and kennel running costs Dog welfare, training and veterinary costs Support costs (note 8} Governan costs (note 8) 133,490 123,546 27,348 168,622 112,484 26,797 365 412 369 267 Analysis of support and Governan costs The charity initially identifies the costs of its support functions. It then identifies tho* 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 breojs 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. Support costs 2025 2024 Computer, website and other admin costs Bank, credit card and PayPal charges 16,087 16,062 Governance costs staff costs Professlonal fees Trustees, travel and meeting expenses Accountsncy n,741 3,327 55,001 2,063 Total support and governan costs 108 376 Net Income This is stated after tharging/(CTediting): 2025 2024 Depreciation Surplus on sale of tsngible assets 18,259 21,191 499 Independent examinerfs fees - as examiners preparation of accounts - payroll services 1,680 2,780 1,600 2,650 530 4,460 171 Page
GREYHOUND RESCUE WALES (A company limited by guarantee) NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 10 Trustees. remuneration and beneffts There were no trustees, remuneration or other benefits for the year ended 28 February 2025. No reimbursements of travel and meeting expenses were made during the year. (2024 £NIL). li Staff costs 2025 2024 Stsff costs were as follows:_ Wages and salaries Social security costs Employer's contribution to defined contribution persion scheme 459,692 27,357 8,091 415,784 23,485 7,496 495,140 446.765 There are no employ&s who received employ benefts (excluding employer pension costs) of more than £60,000 (2024: Nil). Key management personnel Key management personnel are considered to be those personnel who are not trustees but sit within key operational and strategic roles. The totsl cost of the senior management team was as follows: 2025 2024 Key management personnel 150,856 161,813 CEO Income generation manager Retail manager Rescue & rehomirvJ manager CEO Income generation manager Retsil manager Rehoming centre manager Rescue & rehoming manager Number of employees 2025 Number 26 2024 Numb•r 26 The average monthly number of employees durirrfJ the year was In addition, up to two hundred volunt&rs provided support during the year. 181 Page
GREYHOUND RESCUE WALES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 12 Tangible fixed assets Land and Iwildings Kennel lease1Id shop inyovem•Thts iMpr•v•m•Nts Flxturns, fttings and equlpment Motor Vehlcles Tot•1 Cost At l March 2024 Additions in year At 28 February 2025 404,682 58,727 52,980 39,670 37,979 594,038 404,682 58,727 57,432 39,670 37,979 598N90 Depreciation At l March 2024 Depreciation charge for the year At 28 February 2025 32,109 3,247 51,508 3,433 27,349 5,721 32,017 1,916 20,388 163,371 3,942 18,259 35.356 54,941 33,070 33,933 24,330 181,630 Net book value At 28 February 2025 369,326 3,786 24,361 5,737 13,649 416,860 At 28 February 2024 17 591 430 667 13 Debtors: amounts falling due within one year 2025 2024 Trade debtors Other debtors Prepayments 3,185 18,770 3,370 42,541 14 Creditors: amounts falling due wlthln one year 2025 2024 Creditor- Charitable direct costs Other creditors Accruals 274 131 1,449 179 19 | Page
GREYHOUND RESCUE WALES (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 28 FEBRUARY 2025 15 Anatysis of Movement in funds Balance at 01.03.24 Incoming resources Resources expended Balan at 28.02.25 Unrestricted - General ftjnd Restricted fvnd Total Funds 725.205 750,503 {840,230) 798 841028 635,478 750 503 Analysls of movement in funds - previous year Unrestricted - General fund 849,115 Restricted fund Total Funds 696,567 (820,477) 725,205 856 038 696 567 821,541 16 Financial commitments At 28 February 2025 the company had commitments under nOn-canlIable operating leases over the remaining life of those assets amountlng to £314,167. (2024 £317,750). 17 Related Party Transactlo There have been no related party transactions in the reporting period that require disdosure. 20 | Page
GREYHOUND RESCUE WALES (A company limited by guarantee) DEfAILED STATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR TO 28 FEBRUARY 2025 INCOMING RESOURCES 2025 2025 2024 2024 Donations and Sponsorships Legacies Street collections Membershlp Incorne Gift aid 97,310 41,764 74,378 4,350 18,557 22,023 193,402 127,034 h ritable (welfare of Greyhounds) AdopOn income GTrnt income Relinouishment donations Sundry income 28,122 26,438 4,100 23,414 20,160 3,358 61016 49,389 Charity shop sales Sundry shop income Merchandise sales Sundry fundraising activities 467,626 7,161 2,242 486,935 13,894 3,248 490,439 519,162 Bank and building soclety Interest Totsl incomlng resources Totsl resources expended Net (outgoing)Ilncomlng resources 982 696,567 821,541 750,503 90,525 RESOURCES EXPENDED 2025 2025 2024 2024 Charity shop runnlng costs Rents Rates, watsr and waste collectlon Heat and Ilght Insuran Staff costs Repairs and maintenance Computer costs Telephone Licences Legal & professlonal costs Sundry shop costs DepreciatK)n on shop fittings 102,653 14,854 12,374 6,856 296,749 2,466 6,410 5,565 3,580 92,728 10,582 13,906 8,815 282,900 6,536 7,895 4,692 1,176 600 6,359 3,944 460,800 9,090 446,516 3,175 Merchandise purchases Sundry fundraising costs 475 616 452 274 is page not form part of the statutsry finanaalstatements 211Page
GREYHOUND RESCUE WALES (A company limited by guarantee) DEfAILED STATEMENT OF FINANCIAL AcfivrriES FOR THE YEAR TO 28 FEBRUARY 2025 RESOURCES EXPENDED (cont.) 2025 2025 2024 2024 Iture on charf Sanctuary and kennel running costs Rates, water and waste collection Heat and light Insurance Stsff costs Repairs and malntenan Motor expenses Telephone Professional fees re proposed development Professlonal fees Sundry kennel costs Depreciation/Surplus on dlsposal 10,253 8,055 6,091 9,621 6,034 4,800 74,821 10,942 9,401 1,283 27,204 4,359 9.792 13,651 8,007 860 8,720 133,490 Dog welfare, tralnlng and veterlnary 168,622 staff costs- rescue and rehoming Fostering expenses Volunteer expenses Dog tralnlng and bÉhaviour support Veterinary costs 60,706 1,695 3,921 2,462 34,573 3,187 4,817 3,967 123,546 Support costs Comwter and website costs Postsge and ststionary costs Anniversary Gala dlnner costs BanK credit card and PayPal charges Sundry expenses 112N84 11,698 3,014 2,650 3,180 8,798 10,735 11,261 27,348 Governan Costs Stsff costs Professional fees and subscriptions Trustees, travel and meeting expenses Accountsncy 26,797 72,741 3,327 55,001 2,063 81,028 61,364 Expenditure on charftable activities Cost of raiing fijnds Totsl resources expended 365012 475 616 369,267 452 274 Thispage does notformpart of the statutory ffnanoal statements 221Page