**Charity Registration No. 1158983**
## **GALGOS DEL SOL UK**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **GALGOS DEL SOL UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J Solera|
|---|---|
||T Solera|
||S Cox|
||S Scott|
|**Charity number**|1158983|
|**Principal address**|12 Chester Street|
||Swindon|
||United Kingdom|
||SN1 5DX|
|**Independent examiner**|Azets|
||Ruthlyn House|
||90 Lincoln Road|
||Peterborough|
||Cambridgeshire|
||PE1 2SP|
|**Bankers**|Lloyds Bank Plc|
||47 Milsom St|
||Bath|
||United Kingdom|
||BA1 1DN|
## **GALGOS DEL SOL UK**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 10|
## **GALGOS DEL SOL UK**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
The trustees present their report and accounts for the period ended 31 December 2020.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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)".
## **Objectives and activities**
The charity's objective is to promote humane behaviour towards galgos (Spanish hunting greyhounds) in particular but not exclusively by the provision of grants, funding and support to another registered charity, Galgos del Sol Spain.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
Galgos del Sol UK work in collaboration with Galgos del Sol Spain, a registered charity based in Murcia. The remit of the Spanish charity is the rescue, rehabilitation and rehoming of galgos and podencos. Galgos del Sol Spain also promotes the better treatment of hunting dogs specifically, and animal welfare in general, through education programmes targeted at school age children. These programmes are run onsite in a purpose-built Education Centre but the Covid-19 pandemic, and a series of rolling lockdowns in Spain resulting in school closures, meant that for the majority of the year the education programme was on hold.
## **Our work in the UK**
Galgos del Sol UK raises funds to support the work of Galgos del Sol Spain, to promote the homing of rescued galgos and podencos in the UK, and to raise public awareness of the plight of Spanish hunting dogs by distributing information. The Covid-19 pandemic curtailed many fund-raising events with dog shows and county fairs, in which the charity usually participates, being cancelled but some activities like sponsored walks and cycling challenges were able to continue. The flow of regular donations made directly to our bank account diminished as the financial effects of the pandemic were felt by supporters.
During the course of 2020 and despite the Covid-19 pandemic Galgos del Sol UK facilitated the rehoming of 129 rescued galgos and podencos in the UK, an increase on the previous year’s 73 adoptions. This was achieved by setting up a GdS Homecheck Team and instigating a new procedure for remote homechecking.
We handled adoption and general enquiries, organised home checks and arranged transports from Spain to the UK ensuring compliance with APHA Import Regulations. Our ability to distribute information about galgos and podencos and their plight in Spain was curtailed by the pandemic, but some veterinary surgeries and Pets At Home stores continued to display GdS information.
## **Our work with Galgos del Sol Spain**
Galgos del Sol Spain had plans to continue to expand and improve the rescue centre in Murcia during 2020 and Galgos del Sol UK anticipated assisting with funding, however these works could not proceed due to the pandemic.
The Trustees agreed to instead support Galgos del Spain by covering some of the Centre’s veterinary costs and following the provision of substantiating invoices, we transferred an amount of £5,215 in February 2020 and a further £11,264 in December 2020.
- 1 -
## **GALGOS DEL SOL UK**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **Financial review**
It has been the policy of the charity since inception that unrestricted funds which have not been designated for a specific use should be maintained at a level of £5,000. The existing reserves policy of retaining £5,000 was reviewed by the Trustees and it was agreed that this amount should be raised to £8,000.
## **Structure, governance and management**
The charity is a charitable incorporated organisation (CIO) .
The trustees who served during the period were:
J Solera T Solera S Cox S Scott
The trustees are responsible for the recruitment and appointment of trustees.
The trustees are also members of the CIO, and they guarantee to contribute £1 in the event of a winding up. None of the trustees have a beneficial interest in the CIO.
The trustees' r eport was approved by the Board of Trustees.
## **S Scott**
Trustee Dated: 6 October 2021
- 2 -
## **GALGOS DEL SOL UK**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GALGOS DEL SOL UK**
I report to the trustees on my examination of the financial statements of Galgos Del Sol UK (the charity) for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by 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 now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with 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 financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements to be reached.
Mark Jackson FCA DChA
Ruthlyn House 90 Lincoln Road Peterborough Cambridgeshire PE1 2SP United Kingdom
Dated: 7 October 2021
- 3 -
## **GALGOS DEL SOL UK**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2020**
**2020**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
42,474
22,209
**Expenditure on:**
Raising funds
**4**
216
-
Charitable activities
**5**
29,448
22,209
**Total resources**
**expended**
29,664
22,209
**Net income for the year/**
**Net movement in funds**
12,810
-
Fund balances at 1
January 2020
47,658
-
**Fund balances at 31**
**December 2020**
60,468
-|**Total**Unrestricted
Restricted
funds
funds
**2020**
2019
2019
**£**
**£**
**£**
64,683
56,908
46,118
216
216
-
51,657
52,078
46,118
51,873
52,294
46,118
12,810
4,614
-
47,658
43,044
-
60,468
47,658
-|Total
2019
**£**
103,026
216
98,196
98,412
4,614
43,044
47,658|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **GALGOS DEL SOL UK**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2020**_
|**Notes**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
Net current assets
**Income funds**
Unrestricted funds|**2020**
**£**
-
62,328
62,328
(1,860)|**£**
60,468
60,468
60,468|**2019**
**£**
79
49,379
49,458
(1,800)|**£**
47,658
47,658
47,658|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 6 October 2021
S Scott **Trustee**
- 5 -
## **GALGOS DEL SOL UK**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
## **Charity information**
Galgos Del Sol UK is a charitable incorporated organisation registered in England and Wales. The registered office is 12 Chester Street, Swindon, Wiltshire, SN1 5DX.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
## **1.5 Expenditure**
Expenditure is incurred on an accruals basis.
Grants paid are recognised when the grant becomes unconditional.
- 6 -
## **GALGOS DEL SOL UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **1 Accounting policies**
**(Continued)**
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. 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 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Donations and gifts
42,474
22,209
42,474
22,209|**Total**
**2020**
**£**
64,683
64,683|**Total**
**2019**
**£**
103,026
103,026|
|---|---|---|
- 7 -
## **GALGOS DEL SOL UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **4 Raising funds**
|**5**
**6**|**Unrestricted**Unrestricted
**funds**
funds
**2020**
2019
**£**
£
Fundraising and publicity
Other fundraising costs
216
216
216
216
**Charitable activities**
**2020**
**2019**
**£**
**£**
Telephone
563
349
Printing, postage and stationary
-
138
Vet/trainer fees
3,420
3,736
Merchandise
1,028
1,161
Transport
25,430
16,986
Bank charges
30
74
Independent examiner fees
1,830
1,780
Disinfectant
2,877
1,418
Other
-
100
35,178
25,742
Grant funding of activities (see note)
16,479
72,454
51,657
98,196
**Grants payable**
**2020**
**2019**
**£**
**£**
Grants to institutions:
Galgos del Sol Spain
16,479
72,454
16,479
72,454|
|---|---|
- 8 -
## **GALGOS DEL SOL UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration from the charity during the period.
Expenses reimbursed to the trustees amounted to £nil (2019: £nil).
## **8 Employees**
The average monthly number of employees during the year was:
|||**2020**|**2019**|
|---|---|---|---|
|||**Number**|**Number**|
||Total|-|-|
|**9**|**Debtors**|||
|||**2020**|**2019**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|-|79|
|**10**|**Creditors: amounts falling due within one year**|||
|||**2020**|**2019**|
|||**£**|**£**|
||Accruals and deferred income|1,860|1,800|
## **11 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|
||**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**resources**|**expended**
**1**|**January 2020**|**resources**|**expended**|**31 December**|
|||||||**2020**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Funds for new centre|40,374|(40,374)|
-|-|-|-|
|Vet Fees|80|(80)|
-|13,292|(13,292)|
-|
|Adoption fees|2,699|(2,699)|
-|4,690|(4,690)|
-|
|Sponsorship for specific|||||||
|dogs|1,547|(1,547)|
-|2,245|(2,245)|
-|
|Disinfectant|1,418|(1,418)|
-|-|-|-|
|Donations for dog food|-|-|-|1,982|(1,982)|
-|
||46,118|(46,118)|
-|22,209|(22,209)|
-|
- 9 -
## **GALGOS DEL SOL UK**
# **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2020**_
## **12 Related party transactions**
There were no disclosable related party transactions during the year (2019 - none).
- 10 -