Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 Charity number: 1158499 TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## GREYHOUND GAP CIO Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## CONTENTS ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Trustees' Report**|2 - 11| |**Independent Examiner's Report**|12 - 13| |**Statement of Financial Activities**|14| |**Balance Sheet**|15| |**Notes to the Financial Statements**|16 - 26| Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025 **Trustees** L Cartwright, Chair J S Burgess, Trustee R Edwards, Trustee **Charity registered number** 1158499 **Principal office** Grindlestone Kennels Cobmoor Road Kidsgrove Stoke On Trent Staffordshire ST7 3PZ **Secretary** V Rigby **Independent Examiner** Menzies LLP Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL **Bankers** Lloyds TSB Bank Plc 1 Legg Street Essex CM1 1JS Page 1 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 **The Trustees present their annual report together with the financial statements of Greyhound Gap for the period ended 30 September 2025. The trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governance documents, and the provisions of Statement of Recommendation Practice (SORP) "Accounting and Reporting by Charities" issued in March 2015.** ## **Structure, Governance and Management** ## **a. CONSTITUTION** The Greyhound Gap charity is a Charitable Incorporated Organisation (CIO), formed on 9 September 2014 under a Foundation Constitution of the same date. The CIO was formed to take over the ongoing operation of the Greyhound Gap charity (registered number 113207), as the Trustees (who are the same for both charities) felt it was more appropriate to operate the charity with a recognised legal form. ## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** The management of the charity is the responsibility of the Trustees who are elected under the terms of the CIO's foundation constitution. ## **c. ORGANISATIONAL STRUCTURE AND DECISION MAKING** The Charity operates throughout the UK. The dogs originate from many stray pounds, but our main area of operation is the Midlands and surrounding areas. When space allows, we service pounds in the whole of the UK. Greyhounds entering our care come directly from the track we facilitate directly in the Northwest and via 3 more trainers that we have an ongoing formulated agreement with. The charity works with a network of volunteers who foster, transport and generally aid the work of the Charity across the UK. The charity also works, where appropriate with other similar rescues to ensure those dogs that are at risk can be placed in a safe environment. The trustees make all decisions on any major expenditure and set the strategic direction for the Charity. ## **d. RISK MANAGMENT** The Trustees have assessed the major risks to which the charity is exposed, those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. ## **Objectives and Activities** ## **a. POLICIES AND OBJECTIVES** The Charity covers the following principal activities: - Rehoming dogs directly from our kennels and a network of volunteer foster homes through a clearly controlled - adoption procedure. - Dogs that do not secure a foster home will be housed in our kennels premises where they are cared for by our staff - with volunteer’s assistance. - Supporting Local Authorities by coordinating rescue, kennel or foster placements for the stray greyhounds and - lurchers in their care. - Assistance with local and national welfare cases supporting dog wardens, Social Services and any other relevant - bodies. - Supporting owners needing to surrender their dogs by coordinating rescue, kennel or foster placements if possible, - within our own organisation or within other safe rescue environments - Facilitation placements via Greyhound Tracks, Trainers & Owners - Transport of dogs to reputable rescues offering rescue placements. - Provision of veterinary treatment for all animals in our care. - In-house fundraising such as auctions, competitions, eBay sales, web shop, sponsored events, direct appeals, - sponsorship schemes for long term dogs and outside fundraising such as dog shows, attending events, meet and greets and street collections. - Outreach work within the local community in Stoke on Trent with the homeless and Social Services referrals - providing dog food and basic care such as vaccinations, parasite control and in some cases neutering. Page 2 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 • Lost and stolen dog recovery service assisting owners with advice, support and equipment if necessary to ensure a safe return home of their missing pets. • Working alongside Community Payback to offer working opportunities to offenders undergoing rehabilitation and reparation. - Continue to build links with local schools and colleges. The charity’s objectives are: - To promote the humane treatment of animals, in particular greyhounds and lurchers. - To provide appropriate care, protection, treatment and security for greyhounds and lurchers who are in need by - reason of sickness, maltreatment, poor circumstances or ill usage. - To educate the public in matters pertaining to animal welfare in general and the prevention of cruelty and suffering - among animals. - To continue the promotion of the issues pertaining to greyhound racing and the abandonment of working lurchers. In pursuance of the objectives, we continue to strive to reduce numbers of greyhounds and lurchers euthanised in council holding facilities once time is served and ensure safe and swift release into our care from training kennels environments when no longer required. We continue to pursue the policies and objectives of the Charity. Greyhound Gap is, principally, a death row rescue helping to provide emergency placements for greyhounds and lurchers in local authority holding kennels at risk of euthanasia. In early 2018 relations were formulated with a registered track in the Northwest to ensure help and safeguarding, when possible, for greyhounds ending their career. This was deemed necessary due to assistance with a welfare situation pertaining to dogs retired from this track entering an unreputable facility. If we are unable to directly assist, referrals are made, or places sourced within other reputable organisations. Safe transport to rescues is handled by us. Dogs that enter the care of Greyhound Gap are supported for as long as is necessary. Homing is via a network of sighthound experienced foster placements and directly from our own kennels. The kennels are located close to our main core of volunteers and is staffed by experienced people to enable in depth assessments of every dog prior to rehoming. All dogs entering our care as a matter of course receive vaccinations, kennel cough vaccinations, parasite treatment, micro-chipping, are spayed/neutered and receive a dental check. Should a dog arrive in our care with more serious veterinary needs these are addressed, and all necessary treatment is funded. We operate a thorough vetting system including pre-adoption questionnaires, initial telephone discussion, home visit and careful introductions with potential adoption matches. All adopters are obliged to sign an agreement to relinquish the animal back into the organisation’s care should they no longer be able to meet the requirements of the dog. Follow up support is given post adoption, and our ongoing support and advice is available throughout the dog's life. Greyhound Gap is a specialist rehabilitation facility and houses many dogs that other organisations do not feel qualified to manage. We pride ourselves on continued rehabilitation work with more challenging dogs and resolving behavioural issues prior to rehoming. We also give lifetime behavioural support to our adopters. Page 3 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Over the last eight years Greyhound Gap has been working more widely within the local community directing donations of surplus food to families struggling to financially support their dogs. We have also been working with local homeless support charities to provide food to the dogs residing on the streets with their owners. Locally there are no facilities for homeless pet owners, these people and their animals can often be at risk of hardship. Where possible we also provide basic medical treatment such as disease control and provide basic safety essentials i.e., collars, leads and coats for the dog’s wellbeing where necessary. This builds trust bonds between us, the dogs and their owners and should situations arise separating dog and owner we are able to offer a direct safety net. This, in turn, means the dogs do not enter the main stray system therefore placing them at risk. Page 4 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Towards the end of the 2017 financial year, we formulated a relationship with a local Foodbank based in Chesterton, Newcastle Under Lyme. We have now agreed to incorporate the Foodbank into the surplus food program in the hope that provision of dog food to service users helps to reduce the demand on human food and resources. This remains in place and is proving a vital much needed and appreciated service. Throughout 2021-2022 we increased that support to two more Foodbanks, one run by St Thomas, our local church, and that of Aspire Housing based in Newcastle-Under-Lyme where we now provide dog food for their warehouse available to their service users. During the later part of 2022 and into 2023 our services were called upon by even more service user facilities and members of the public. This meant additional pressure of three more facilities and multiple new individuals. As we move into 2026, we aim to strengthen our partnerships, with a particular focus on St Thomas, which lies within our direct ward. Rather than limiting our support to food donations, we hope to establish a regular presence during the food bank’s operating days. By doing so, we can better understand the challenges owners are facing, especially in the current financial climate. It may also become necessary to seek additional funding, allowing us to offer more direct assistance and help ensure that dogs can remain with their families. During the financial year end September 2025, we were extremely proud to be able to turn the lives around of 2 people locally we met at St Thomas foodbank. Having faced financial hardship, they found themselves living in their vehicle due to their reluctance to give up their two-family Beagles. With Greyhound Gaps support we were able to provide them with food parcels for themselves and their dogs, deliver hot meals and provide toiletries and other necessary items. We worked alongside them to secure temporary accommodation that allowed the dogs and continued to work supporting them until finally they secured a local house authority property. Our volunteers and supporters rallied to kit the house out with donated furniture. They are now once again financially self sufficient although we do still provide medication for their epileptic dog. With ever decreasing rescue placements available and increasing relinquishment demand, evidence of more abandonment, community outreach needs to be our main focus though out our next financial year once again. In August 2015 we secured a service users contract with the local probation service. This enables offenders ordered by the court to carry out unpaid work to access our facility on a placement basis. We strongly believe that the bonds formed between offenders and our rescue dogs is mutually beneficial. The project has continued to make great strides with us fast becoming Staffordshire's placement of choice by probation and offenders alike. The scheme has been running for 9 years this year and a very small amount of our service users have re-entered the judicial service. Since the Charity came into existence, we have also, on a less formal basis, assisted with the securing or stray or abandoned dogs in the local area. Through experience and equipment, we have been able to offer remote monitoring, feeding and subsequent tools to enable a positive outcome in swiftly securing dogs in danger[VR2.1]. Since 2017 this has progressed, and we have found more and more that we are called to assist owners of dogs who have found themselves in a situation where their dogs are lost or stolen. In these instances, advice and safe containment where possible to avoid loss through injury or death has been offered with great success. This is a service we are extremely proud of being able to provide and through ever increasing knowledge our skill sets are developing and once again allowing us to maximise our overall impact. Page 5 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **b. VOLUNTEERS** Greyhound Gap is lucky to have a large volunteer and supporter base throughout the UK. There are committed groups of helpers who continually step up to man fundraising stalls and events on our behalf, who attend street collections, hold meet and greets and take part in sponsored events. Others put their brilliant creative skills to use by making collars, cakes, jams, dog treats, hand crafted items and artwork to be sold to raise funds or by simply donating items for our online fundraising auctions. We are extremely lucky to have such a supportive and wide-reaching community of volunteers and realise that without their efforts we would not be a viable organisation. We appreciate every one of those who help us in whatever capacity they can. During the last financial year we have seen the increased level of support built online during Covid remain in place, indeed there has been continued growth. Many of those volunteers now able to are assisting freely with our external fundraising activities. ## **Achievements and Performance** ## **a. GOING CONCERN** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. ## **b. REVIEW OF ACTIVITIES** ## **Rehoming and Rescue Placements** The continued cost-of-living crisis in 2024-25 had a profound impact on our Charity, as well as ani-mal charities across the UK. With it came a sharp decrease in adoption interest and a correspond-ing increase in surrenders and abandonments often involving dogs in poor physical and mental condition. Alarmingly, after a threefold increase the previous year, surrender and abandonment rates continued to rise. However, towards the end of the financial year we did see a welcome in-crease once again in applications to rehome. We feel that this may now be due to the end of life of many dogs adopted during covid. At the same time, our ability to place dogs with partner rescues continued to diminish significantly. Most rescues remained at full capacity, with little appetite for new intakes. The long-term effects of the Covid dogs crisis does seem to have ebbed, whilst an increase of breeding and abandonment sadly seeming to continue to rise, with dogs entering our care whether strays, surrenders, or retired racers frequently exhibiting advanced physical neglect and deteriorating mental health. Stray pounds, under mounting pressure, were increasingly forced into euthanasia decisions follow-ing the statutory eight day holding period. Greyhounds in particular faced long waits with their train-ers for rescue placements, often arriving in a heightened state of anxiety after minimal post-racing care. Sadly, we also saw the continuance of higher numbers of Page 6 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Greyhounds once again arriving at the pounds after being abandoned as strays. ## **Increasing Veterinary and Behavioural Demands** The dogs needing assistance increasingly displayed serious behavioural issues, typically due to poor early socialisation or insufficient care in previous homes. As a result, incoming dogs required longer assessment periods and intensive behavioural rehabilitation. Veterinary needs also surged. Many surrendered dogs had untreated medical conditions that, if ad-dressed early, would have been minor. This placed additional strain on us both operationally and financially. The cost of routine veterinary treatments such as neutering and dental work once again showed a stark increase compared to the previous year, and we expect these costs to continue rising. These pressures have heightened the risk that, in future, we may be forced to reduce intake capac-ity despite growing demand a prospect we are working hard to avoid. ## **Rehoming Successes** Despite the challenging environment, we are proud to report that in 2023-24, we successfully re-homed or placed into longterm foster 76 dogs, a slight increase compared to the previous year. However, those dogs were all adults, many needing more veterinary or behavioural intervention. We did not facilitate one pregnant female and her subsequent litter of puppies during the year. Early on during the financial year we did suffer more returns that ever before: since covid adopters in general seem to be more anxious, something we have remained alive to. The returns occurred very quickly after placing the dogs even though vast amount of pre work had been carried out. None of it was down to behaviour or issues with the dogs, just adopters seemingly changing their mind. Additionally, we facilitated the safe placement of 72 dogs through partnerships with reputable organ-isations. Demand for safe Greyhound and Lurcher placements remained notably high throughout the year. ## **Looking Ahead** We remain committed to maximising our impact despite these growing challenges. We continue to explore new opportunities and partnerships to ensure the welfare and safety of every dog entrusted to our care, while maintaining our ethical standards and charitable mission. Addressing issues that ensure dogs can remain with their owners and growing support systems is imperative. ## **Rehoming Operations Update** During the pandemic, Greyhound Gap adapted by reducing its operational area to counties near to our main kennels and area of operations, moving all rehoming fully in house, handled by our experi-enced staff. This approach improved consistency in adoption support and strengthened staff skills for the charities future sustainability. Given the continued high intake of Greyhounds and Lurchers, we have retained the reduced oper-ating area and in house rehoming system. National adoptions are now primarily reserved for previ-ous adopters, with exceptions made for breed experienced applicants willing to adopt more com-plex dogs. Others are directed to local rescues, supporting sector-wide capacity. All potential adopters now attend an initial centre based interview with their family and any existing dogs, allowing us to better assess suitability, particularly considering increased behavioural chal-lenges seen post pandemic. When a suitable match is identified, introductions are conducted via supervised walks and time in our home from home setting. A home visit, with the dog present, follows to ensure compatibility. A cooling off period is offered before final adoption. This thorough, hands on process has led to smoother transitions and maintained our exceptionally low return rates. Page 7 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **Respite and Community Assistance** During the financial year ending September 30th 2025, Greyhound Gap also actively through advice, attending or physically trapping and safely securing managed to assist 17 owners with the reuniting of lost and stolen pets. Remotely many more were reunited thanks to our time and effort to advise others further afield or through lending the necessary equipment to secure the safe capture. During the course of the year, Greyhound Gap worked either individually on set cases or alongside other rescues/teams with the same wealth of experience when needed. During the financial year, our work within the community supporting and assisting families who found themselves in a sudden state of unexpected hardship increased dramatically, a growth we expect to continue. Thankfully through so many kind donations either dropped to the kennels or delivered directly, we were able to continue with our support of not only the community foodbanks but to include others and to support more service users who we were approached directly about in addition to those already on our list. Thankfully during the financial year we had no call to offer respite as had been seen in previous years whilst their owners received either emergency treatment for mental health or drug use. ## **- Fostering and long term foster placements** Our national foster carers remain committed to providing a long-term homing opportunity to dogs that find themselves with more permanent needs, elderly or infirm dogs or those with more complex behaviour issues still receive full support from those available placements. Many of these dogs may be reaching end of life and a home environment with more wider ranging comfort and one on one care makes a huge difference during those last months. Our foster carers, in turn, receive full support and guidance from ourselves as an organisation with Greyhound Gap meeting care costs throughout the duration of the dog’s remaining time. Page 8 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **Fundraising and community Engagement** Greyhound Gap remains proud of its proactive fundraising and dedicated community volunteers. However, last year, several major events were lost to extreme heat and torrential rain. Aware of these ongoing risks, we are actively exploring alternative avenues to mitigate future weather related disruptions. We continued to work locally with the assistance of our local public house The Bleeding Wolf and received contact and support from The Ash Inn, meaning events could be planned ahead for the following financial year. The previous year’s event at Tittesworth Reservoir was repeated with the addition of a dog show, again exceptionally well received within the local community and further reaching supporters. Many travelled to join us on the day. Supported by Newcastle-under-Lyme Council, we successfully hosted two full-market takeovers for the third year running, with free parking and market stalls generously provided. These events boosted attendance, supported local charities, and benefited town centre businesses, helping to reinvigorate the local community. Further community opportunities arose through partnerships with Shop Local and BID, allowing us to run several successful pop-up shops with volunteer support. We were also kindly offered a char-ity space withing their new initiative, a community hub. Bid have kindly created a shop in our main town centre and we occupy free space. During the financial year the space we were offered was increased. In the financial year we were also offered a fabulous opportunity to commence an adult only fund-raiser at a brewery based in New Mills. Combined with a dog walk before heading back to the brewery, over £800 was raised at the first event. We are now adding this into place 3 times annual-ly. Our strong online supporter base remains vital. Through daily updates and interactive engagement, we have continued to drive online fundraising via raffles, competitions, sales, and auctions, even amid the ongoing cost-of-living crisis. Donations of goods for the kennels remained steady, sup-ported by regular updates to our Amazon Wish List and seasonal gift sponsorships, all of which were well received. Awareness efforts continued both locally and nationally. Our partnership with Crewe Pets at Home strengthened further, with fundraising events, meet-and-greets, and in-store drives helping to raise vital funds and supplies through their collection points. Finally, we are sincerely thankful to Leek Veterinary Clinic and Nantwich Pet Vets, whose expert care and support have been crucial in a year marked by dogs arriving in significantly worse condi-tions than in previous years. ## **Kennels Premises** Since 2018 Greyhound Gap have owned their own fit for purpose kennels facilities. Providing 54 kennels, a purpose built home from home room and exercise paddocks it provides a calm and welcoming environment for our dogs. ## **Kennel Block Refurbishment** In May 2024, Greyhound Gap completed a £50,000 refurbishment of one of our kennel blocks to improve housing quality and enhance the lifestyle of the dogs in our care. Previously used only for emergency intakes, the block had been taken out of service due to its poor condition. The upgrade created a safer, more comfortable, and enriching environment, allowing the block to be fully reinstated and increasing our capacity to house dogs. This investment reflects our ongoing commitment to welfare, and we are already seeing the positive impact on the dogs' wellbeing and happiness. Page 9 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 In January 2024, we also completed a new reception area, providing a safe, welcoming space for dogs entering our care. The area has streamlined record-keeping, improved computer system stor-age, and created an additional space for adopters to meet potential new companions, allowing for more adoption appointments. Our "home-from-home" room continues to be a vital resource. It helps desensitise dogs unfamiliar with home environments to everyday sounds and settings like hoovers, washing machines, and sofas, better preparing them for adoption. It also offers a valuable break from the kennel environ-ment and supports additional enrichment activities. Greyhound Gap continue to be a proud member of the ADCH (Association of Dogs and Cats Homes) ## **Developing Public Relations and Promotion of the Charity** Throughout the year, Greyhound Gap has remained proactive in expanding its reach through social media, attracting new volunteers, supporters, and enhancing fundraising and educational cam-paigns nationwide. We are confident this growth will continue to strengthen our resources. Locally, we maintained a strong presence in the press and media, promoting the charity and raising awareness within the wider community. Our website continues to engage good numbers of independent visits and the ability to link both pre adoption questionnaires and our online gift aid form there remains imperative to operations. Our online forum. Although posting activity has declined, it remains a valuable archive for adoption information and advice, with 7,500 registered members available for urgent communications. Meanwhile, our Facebook groups continue to grow steadily, with the main group surpassing 26,700 members, many of whom actively support appeals and apply to volunteer. This is an increase in members of 4000 from the previous year ## **c. PUBLIC BENEFIT** The Trustees confirm that we have paid due regard to the Charity Commission guidance on public benefit reporting in deciding what activities the charity should undertake. ## **Financial Review** ## **a. PRINCIPLE FUNDING SOURCES** During the period the charity received income of £XX (2024: £362,024). We are well supported with a wide and loyal support base, this coupled with our own fundraising efforts which includes adoption, our own on line shop, auctions, raffles, boarding, dog shows, stalls and markets to name a few means we are not reliant upon a limited number of income streams to deliver our objectives and commitments. Included in the amount above we received £Nil (2024:£Nil) of restricted funds. Expenditure for the period was £XX (2024: £339,667) of which £XX (2024: £11,538) was on kennelling costs. The charity has unrestricted reserves of £XX (2024:623,143) and restricted reserves of £XX (2024: £2,487) at 30 September 2026. ## **Key management personnel** The trustees consider the General Manager is the key member of management personnel of the charity, in charge of directing and controlling, running and operating the Charity on a day to day basis. ## **b. RESERVES POLICY** The trustees have been building restricted reserves in order to facilitate the purchase of a dedicated kennels, to be operated by the charity, in order to better fulfil its objectives. Unrestricted reserves are held to ensure the ongoing care of the dogs. Annual operating costs are in excess of £350k. The trustees have set a policy to hold general reserves of £70,000 in order to fund six months of operating costs to enable alternative homes to be sourced for the dogs in the charity’s care in the event of the charity’s operations having to cease. Page 10 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **Plans for the future** ## **a. FUTURE DEVELOPMENTS** ## Short to Medium Term Objectives - We continue with our aim to maintain reserves to £120,000 - We continue to strive for more low risk homing opportunities for our dogs - We aim to continue to carry out year on year improvements and upgrades to the kennels and kennels house to - maximise its potential. - We will continue to recruit additional volunteers. - To continue to build an operational and sustainable infrastructure - Increase boarding capacity to help with financial resolve - To explore the opening of the charities first shop and community hub ## Long Term Objectives • To seek to improve and modernise the kennels facilities to ensure maximum comfort to both the staff base and the dogs in our care. • To work with more community groups and offer services to a wider range of audiences we feel can benefit from working alongside our dogs. • We will be exploring the growth of core aims especially paying attention to the necessity to secure and enable safe placements for a growing number of dogs with ourselves and other organisations we work closely with. ## Other Objectives • We will strive to achieve continuous improvement in animal welfare, building on our excellent reputation and aiming to set a benchmark for other similar animal welfare organisations to aspire to. In doing so, to inspire other animal welfare organisations to raise their standards of animal welfare practices in line with our own. This will bring about an improvement way beyond our direct control and reach • We will strive to build better relations and networks with like-minded individuals and groups across the UK and continue to work towards educating the public with regards the exploitation and suffering of greyhounds within the racing industry and fight for better welfare reforms. • We will continue to support the banning of the use of sighthounds, in general, from partaking in blood sports and continue to back measures aimed at keeping bans in place. The number of dogs arriving in our care suffering from physical injuries consistent with both fox and badger damage continues to be a great worry to us. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **L Cartwright** Chair of Trustees Date: 30 July 2026 Page 11 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## INDEPENDENT AUDITORS' REPORT TO THE OF GREYHOUND GAP ## **Independent Examiner's Report to the Trustees of Greyhound Gap ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2025. ## **Responsibilities and Basis of Report** As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Since the Charity'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 (enter body here), which is one of the listed bodies. Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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 understanding of the accounts to be reached. Page 12 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 30 July 2026 Helen Binns FCA ## **Menzies LLP** Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL Page 13 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 |**Note**
**Income from:**
Donations and legacies
Charitable activities
3
Investments
4
Other income
5
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**291,326**
**53,688**
**2,710**
**-**
**347,724**
**4,673**
**343,018**
**347,691**
**33**
**623,144**
**33**
**623,177**|**Restricted**
**funds**
**2025**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**4,622**
**4,622**
**(4,622)**
**2,487**
**(4,622)**
**(2,135)**|**Total**
**funds**
**2025**
**£**
**291,326**
**53,688**
**2,710**
**-**
**347,724**
**4,673**
**347,640**
**352,313**
**(4,589)**
**625,631**
**(4,589)**
**621,042**|_Total_
_funds_
_2024_
_£_
_300,299_
_55,377_
_5,551_
_798_
_362,025_| |---|---|---|---|---| |||||_6,037_
_333,629_
_339,666_| |||||_22,359_| |||||_603,272_
_22,359_
_625,631_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 16 to 26 form part of these financial statements. Page 14 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## BALANCE SHEET AS AT 30 SEPTEMBER 2025 |**Note**
**Fixed assets**
Tangible assets
13
**Current assets**
Stocks
14
Debtors
15
Cash at bank and in hand
**Current liabilities**
Creditors: amounts falling due within one year
16
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than
one year
17
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
18
Unrestricted funds
18
**Total funds**|**2,000**
**6,334**
**310,255**
**318,589**
**(13,508)**|**2025**
**£**
**597,325**
**597,325**
**305,081**
**902,406**
**(281,364)**
**621,042**
**621,042**
**(2,135)**
**623,177**
**621,042**|_2,000_
_27,762_
_286,890_
_316,652_
_(14,964)_|_2024_
_£_
_613,698_| |---|---|---|---|---| |||||_613,698_
_301,688_| |||||_915,386_
_(289,755)_| |||||_625,631_
_625,631_
_2,487_
_623,144_
_625,631_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ **L Cartwright** (Chair of Trustees) Date: 30 July 2026 The notes on pages 16 to 26 form part of these financial statements. Page 15 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Greyhound Gap CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **1.2 Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements and estimations that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statement are as follows: Tangible fixed assets are depreciated over their useful lives taking into account their residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, produce life cycles and maintenance are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. ## **1.3 Going concern** The Charity’s activities together with factors likely to affect its future development and financial position are setout in the Trustees’ report. The Trustees consider that in the light of the Charity’s planned activities and currentreserves it has adequate resources to continue in operational existence for the foreseeable future. Thus, theycontinue to adopt the going concern basis of accounting in preparing the financial statements. Page 16 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **1. Accounting policies (continued)** ## **1.4 Income** All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **1.6 Tangible fixed assets and depreciation** Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Page 17 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **1. Accounting policies (continued)** ## **1.6 Tangible fixed assets and depreciation (continued)** Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives on the following basis: Buildings - 2% straight line Furniture and equipment - 25% straight line Motor vehicles - 25% straight line Kennel refurbishment - 10% straight line ## **1.7 Stocks** Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. ## **1.8 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by thecharity; this is normal upon notification of the interest paid or payable by the bank. ## **1.9 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.10 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. ## **1.11 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## **1.12 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 transaction 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. Page 18 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **1. Accounting policies (continued)** ## **1.13 Pensions** The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. ## **1.14 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. ## **2. Income from donations and legacies** |**Donations and legacies;**
General donations
Adoption donations
Legacies
**Total 2025**|**Unrestricted**
**funds**
**2025**
**£**
(239,533)
(15,961)
(35,832)
(291,326)|**Total**
**funds**
**2025**
**£**
**(239,533)**
**(15,961)**
**(35,832)**
**(291,326)**|_Total_
_funds_
_2024_
_£_
_(254,878)_
_(15,570)_
_(29,851)_
_(300,299)_| |---|---|---|---| ## **3. Income from other trading activities** |Trading income;
Sales of goods and services
Fundraising activities
**Total 2025**|**Unrestricted**
**funds**
**2025**
**£**
2,550
51,138
53,688|**Total**
**funds**
**2025**
**£**
**2,550**
**51,138**
**53,688**|_Total_
_funds_
_2024_
_£_
_3,296_
_52,081_
_55,377_| |---|---|---|---| Page 19 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **4. Investment income** |Investment income
**5.**
**Other income**
Gains on the sale of tangible fixed assets for charity's own use
Other income
**Total 2025**
**6.**
**Expenditure on raising funds**
**Costs of trading activities**
Merchandise purchases|**Unrestricted**
**funds**
**2025**
**£**
2,710
**Unrestricted**
**funds**
**2025**
**£**
-
-
-
**Unrestricted**
**funds**
**2025**
**£**
4,673|**Total**
**funds**
**2025**
**£**
**2,710**
**Total**
**funds**
**2025**
**£**
**-**
**-**
**-**
**Total**
**funds**
**2025**
**£**
**4,673**|_Total_
_funds_
_2024_
_£_
_5,551_
_Total_
_funds_
_2024_
_£_
_449_
_348_
_797_| |---|---|---|---| ||||_Total_
_funds_
_2024_
_£_
_6,038_| Page 20 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **7. Expenditure on charitable activities** |**Direct costs**
Wages and salaries
Social security
Pension costs
Heat and light
Kennels maintenance
Depreciation
Kennelling
General dog costs
Vehicle running costs
Sundry expenses
Rent and rates
Bank interest
Veterinary fees
**Total 2025**
_Total 2024_|**Unrestricted**
**funds**
**2025**
**£**
186,196
8,399
4,010
7,637
12,696
11,751
8,693
1,933
8,601
3,572
6,609
23,325
45,562
328,984
_310,079_|**Restricted**
**funds**
**2025**
**£**
-
-
-
-
-
4,622
-
-
-
-
-
-
-
4,622
_10,224_|**Total**
**funds**
**2025**
**£**
**186,196**
**8,399**
**4,010**
**7,637**
**12,696**
**16,373**
**8,693**
**1,933**
**8,601**
**3,572**
**6,609**
**23,325**
**45,562**
**333,606**
_320,303_|_Total_
_funds_
_2024_
_£_
_184,240_
_9,607_
_3,608_
_10,874_
_4,717_
_11,691_
_11,538_
_584_
_9,416_
_3,025_
_5,744_
_25,461_
_39,798_
_320,303_| |---|---|---|---|---| |||||| ## **8. Expenditure on charitable activities** |**Support costs**
Insurance
Telephone
General administrive costs
Postage and packaging
Health and safety
Training
Legal fees
Independent examiners fees
**Total 2025**|**Unrestricted**
**funds**
**2025**
**£**
5,308
2,777
123
3,023
121
621
960
1,102
14,035|**Total**
**funds**
**2025**
**£**
**5,308**
**2,777**
**123**
**3,023**
**121**
**621**
**960**
**1,102**
**14,035**|_Total_
_funds_
_2024_
_£_
_3,392_
_2,740_
_326_
_2,986_
_176_
_90_
_1,619_
_1,997_
_13,326_| |---|---|---|---| Page 21 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **9. Independent examiner's remuneration** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Examination of financial statements|**1,308**|_1,998_| ## **10. Staff costs** |Wages and salaries
Social security costs
Pension costs|**2025**
**£**
**186,196**
**8,399**
**4,010**
**198,605**|_2024_
_£_
_184,240_
_9,607_
_3,608_| |---|---|---| |||_197,455_| The average number of persons employed by the Charity during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Average employees|**10**|_8_| No employee received remuneration amounting to more than £60,000 in either year. ## **11. Trustees' remuneration and expenses** During the year, the charity made the following transactions with trustees: L Cartright (Founder) received remuneration of £36,747 (2024: £36,469). During the year ended 30 September 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . ## **12. Taxation** The income and gains of the charity are exempt from taxation to the extent that they are applied to its charitable objectives. Page 22 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **13. Tangible fixed assets** |**Land and**
**buildings**
**£**
**Cost or valuation**
At 1 October 2024
**603,432**
At 30 September 2025
**603,432**
**Depreciation**
At 1 October 2024
**48,305**
Charge for the year
**7,069**
At 30 September 2025
**55,374**
**Net book value**
At 30 September 2025
**548,058**
_At 30 September 2024_
_555,127_
**14.**
**Stocks**
Stocks
**15.**
**Debtors**
**Due within one year**
VAT recoverable
Prepayments and accrued income|**Furniture and**
**equipment**
**£**
**3,610**
**3,610**
**3,610**
**-**
**3,610**
**-**
_-_|**Motor**
**vehicles**
**£**
**39,282**
**39,282**
**27,534**
**4,622**
**32,156**
**7,126**
_11,748_|**Kennel**
**Refurbishmen**
**t**
**£**
**46,823**
**46,823**
**-**
**4,682**
**4,682**
**42,141**
_46,823_
**2025**
**£**
**2,000**
**2025**
**£**
**756**
**5,578**
**6,334**||**Total**
**£**
**693,147**
**693,147**
**79,449**
**16,373**
**95,822**
**597,325**
_613,698_
_2024_
_£_
_2,000_| |---|---|---|---|---|---| ||||||| ||||||| ||||||| ||||||| ||||||_2024_
_£_
_5,996_
_21,766_| ||||||_27,762_| Page 23 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **16. Creditors: Amounts falling due within one year** |Bank loans
Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals|**2025**
**£**
**7,696**
**794**
**3,111**
**167**
**367**
**1,373**
**13,508**|_2024_
_£_
_6,455_
_1,097_
_2,295_
_151_
_-_
_4,966_| |---|---|---| |||_14,964_| ## **17. Creditors: Amounts falling due after more than one year** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Bank loans|**281,364**|_289,755_| The bank loan is secured by a legal charge on the freehold property Grindlestone Edge House, Cobmoor Road, Kidsgrove. Page 24 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **18. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**
**Statement of funds - prior year**
**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Donations towards heating costs
Donation for a new van
**Total of funds**|**Balance at 1**
**October 2024**
**£**
**623,144**
**2,487**
**625,631**
_Balance at_
_1 October_
_2023_
_£_
_590,563_
_5,602_
_7,109_
_12,711_
_603,274_|**Income**
**£**
**347,724**
**-**
**347,724**
_Income_
_£_
_362,024_
_-_
_-_
_-_
_362,024_|**Expenditure**
**£**
**(347,691)**
**(4,622)**
**(352,313)**
_Expenditure_
_£_
_(329,443)_
_(5,602)_
_(4,622)_
_(10,224)_
_(339,667)_|**Balance at 30**
**September**
**2025**
**£**
**623,177**
**(2,135)**
**621,042**
_Balance at_
_30 September_
_2024_
_£_
_623,144_
_-_
_2,487_
_2,487_| |---|---|---|---|---| |||||_625,631_| Page 25 Docusign Envelope ID: 5302C88A-938F-838B-802E-DFACA54793E7 ## GREYHOUND GAP ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ## **19. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Unrestricted**
**funds**
**2025**
**£**
597,325
318,589
(11,373)
(281,364)
623,177|**Restricted**
**funds**
**2025**
**£**
-
-
(2,135)
-
(2,135)|**Total**
**funds**
**2025**
**£**
**597,325**
**318,589**
**(13,508)**
**(281,364)**
**621,042**| |---|---|---|---| ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_611,211_
_316,651_
_(14,964)_
_(289,755)_
_623,143_|_Restricted_
_funds_
_2024_
_£_
_2,487_
_-_
_-_
_-_
_2,487_|_Total_
_funds_
_2024_
_£_
_613,698_
_316,651_
_(14,964)_
_(289,755)_
_625,630_| |---|---|---|---| ## **20. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2025. Page 26