Charity registration number 1158983
GALGOS DEL SOL UK
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
GALGOS DEL SOL UK
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | J Solera | |
|---|---|---|
| T Solera | ||
| S Cox | ||
| S Scott | ||
| J Cranton | (Appointed 11 May 2022) | |
| 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 - 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 11 |
GALGOS DEL SOL UK
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report and accounts for the period ended 31 December 2021.
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 the humane treatment of 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 fund-raising events with many dog shows and county fairs, in which the charity would usually participate, being cancelled. However, some activities were able to continue and a ‘Friends of Galgos del Sol’ group of supporters based in Devon continued to fund raise in between lockdowns and mindful of the ever-changing Covid 19 restrictions. The flow of regular donations made directly to our bank account did recover after a fall the previous year.
During the course of 2021 Galgos del Sol UK rehomed 67 rescued galgos and podencos in the UK. This was a decrease on the previous year but 2021 saw many transports being cancelled as the UK, France and Spain all imposed travel bans at different times and for varying periods of time. The UK Homecheck Team continued with the remote homechecking procedure instigated in 2020 whenever homechecks could not be carried out in person due to Covid-19 restrictions.
We handled adoption and general enquiries, organised home checks and arranged transports from Spain to the UK ensuring compliance with APHA Import Regulations and any prevailing Covid-19 travel restrictions. Our ability to distribute information about galgos and podencos and their plight in Spain was significantly curtailed by the pandemic, but some veterinary surgeries and Pets At Home stores continued to display Galgos del Sol literature.
Our work with Galgos del Sol Spain
Galgos del Sol Spain continued to expand and improve the onsite vet clinic at rescue centre in Murcia and Galgos del Sol UK funded the purchase of x-ray equipment for the clinic in July 2021 at a cost of £10,198.74.
As proposed building work at the Centre in Spain which Galgos del Sol UK had anticipated contributing towards was delayed due to Covid-19, 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 for the months of October and November 2021, we transferred two amounts in December 2021 totalling £20,257.90.
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GALGOS DEL SOL UK
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Financial review
The existing reserves policy of retaining £8,000 was reviewed by the Trustees and it was agreed that this amount was sufficient given it been increased in 2020.
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 J Cranton (Appointed 11 May 2022)
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: 25 October 2022
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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 2021.
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:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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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: 25 October 2022
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GALGOS DEL SOL UK
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Current financial year Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 3 72,802 6,210 Expenditure on: Raising funds 4 216 - Charitable activities 5 57,329 6,210 Total expenditure 57,545 6,210 Net income for the year/ Net movement in funds 15,257 - Fund balances at 1 January 2021 60,468 - Fund balances at 31 December 2021 75,725 - |
Total 2021 £ 79,012 216 63,539 63,755 15,257 60,468 75,725 |
Total 2020 £ 64,683 216 51,657 51,873 12,810 47,658 60,468 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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GALGOS DEL SOL UK
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
Prior financial year
| 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 expenditure 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 2020 £ 64,683 216 51,657 51,873 12,810 47,658 60,468 |
|---|---|
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GALGOS DEL SOL UK
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Income funds Unrestricted funds |
2021 £ 77,675 (1,950) |
£ 75,725 75,725 75,725 |
2020 £ 62,328 (1,860) |
£ 60,468 60,468 60,468 |
|---|---|---|---|---|
The financial statements were approved by the Trustees on 25 October 2022
S Scott Trustee
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GALGOS DEL SOL UK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
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GALGOS DEL SOL UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
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 are allocated on the portion of the asset’s use.
Expenditure is incurred on an accruals basis.
Grants paid are recognised when the grant becomes unconditional.
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.
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GALGOS DEL SOL UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
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 72,802 6,210 72,802 6,210 |
Total 2021 £ 79,012 79,012 |
Total 2020 £ 64,683 64,683 |
|---|---|---|
4 Raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 216 | 216 |
| 216 | 216 |
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GALGOS DEL SOL UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 Charitable activities
| Telephone Vet/trainer fees Merchandise Transport Bank charges Independent examiner fees Disinfectant Grant funding of activities (see note) Grants payable Grants to institutions: Galgos del Sol Spain |
2021 £ 487 2,622 - 21,080 75 1,950 - 26,214 37,325 63,539 2021 £ 37,325 37,325 |
2020 £ 563 3,420 1,028 25,430 30 1,830 2,877 35,178 16,479 51,657 2020 £ 16,479 16,479 |
|---|---|---|
6 Grants payable
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 (2020: £nil).
8 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
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GALGOS DEL SOL UK
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
9 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accruals and deferred income | 1,950 | 1,860 |
10 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 | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | ||
| 1 January 2020 | resources | expended | 1 |
January 2021 | resources | expended | 31 December | |
| 2021 | ||||||||
| £ | £ | £ | £ | £ | £ | £ | ||
| Funds for | ||||||||
| new centre | - | - | - | - | 126 | (126) | - |
|
| Vet Fees | - | 13,292 | (13,292) | - |
- | - | - | |
| Adoption | ||||||||
| fees | - | 4,690 | (4,690) | - |
6,084 | (6,084) | - |
|
| Sponsorship | ||||||||
| for specific | ||||||||
| dogs | - | 2,245 | (2,245) | - |
- | - | - | |
| Donations for | ||||||||
| dog food | - | 1,982 | (1,982) | - |
- | - | - | |
| - | 22,209 | (22,209) | - |
6,210 | (6,210) | - |
11 Related party transactions
There were no disclosable related party transactions during the year (2020 - none) .
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