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← Galgos Del Sol UK

2023-12-31-accounts

Charity registration number 1158983

GALGOS DEL SOL UK

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

GALGOS DEL SOL UK

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Solera
T Solera
S Cox
S Scott
J Cranton
Charity number 1158983
Principal address 12 Chester Street
Swindon
United Kingdom
SN1 5DX
Independent examiner Azets
Westpoint
Lynch Wood
Peterborough
Cambridgeshire
United Kingdom
PE2 6FZ
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 2023

The trustees present their report and accounts for the period ended 31 December 2023.

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 Spanish hunting dogs, galgos and podencos 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 promote the better treatment of hunting dogs, and animal welfare generally, through education programmes targeted at school age children. These programmes are run onsite in a purpose-built Education Centre and they are welcoming school groups in increasing numbers.

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 about the charity. The flow of regular donations made directly to our bank account rose again in 2023. However, the ongoing economic crisis continued to have an impact with a number of our supporters cancelling their regular donations.

During the course of 2023 Galgos del Sol UK rehomed 65 rescued galgos and podencos in the UK, this was a similar figure to the previous year. Again, the impact of the economic crisis was evident with a reduced number of adoption enquiries being received.

We continued to handle adoption and general enquiries, organise home checks and arrange 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 public events where we could have a presence increasingly returned to pre-pandemic levels during 2023. Some veterinary surgeries and Pets At Home stores continue to display Galgos del Sol literature.

Our work with Galgos del Sol Spain

Galgos del Sol Spain began working with local perreras (pounds) in 2023 to rescue more galgos and podencos, but also other breeds in danger in the perreras, including those injured, mothers with pups or those about to birth. They are also assisting other rescues by taking galgos and podencos from these into the Galgos del Sol rescue for rehoming. The additional number of dogs impacted on the vet costs in Spain and Galgos del Sol UK agreed to cover vet fees when provided with appropriate documentation confirming costs. Galgos del Sol UK also funded the purchase of an additional van for Galgos del Sol Spain enabling them to transport more dogs and travel further on perrera rescue missions.

In addition to assisting with vet fees, during 2023 Galgos del Sol UK supported Galgos del Sol Spain with the purchase of the new van £29,614, webbing harnesses for use at the rescue £3,830 and £4,644 for the manufacture of woven dog beds for the rescue. A total of £87,216 was transferred to Galgos del Sol Spain in 2023.

GALGOS DEL SOL UK

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

The existing reserves policy of retaining £10,000 was reviewed by the Trustees and it was agreed that this amount was sufficient.

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

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' report was approved by the Board of Trustees.

S Scott

Trustee Dated: 18 October 2024

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 2023.

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:

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

Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ United Kingdom

Dated: 18 October 2024

GALGOS DEL SOL UK

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Current financial year
Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
110,583
33,497
Expenditure on:
Raising funds
4
216
-
Charitable activities
5
76,241
33,497
Total expenditure
76,457
33,497
Net income for the year/
Net movement in funds
34,126
-
Fund balances at 1 January 2023
96,648
-
Fund balances at 31 December 2023
130,774
-		 Total
2023
£
144,080
216
109,738
109,954
34,126
96,648
130,774		 Total
2022
£
95,063
216
73,924
74,140
20,923
75,725
96,648

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

GALGOS DEL SOL UK

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Prior financial year

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income from:
Donations and legacies
3
77,817
17,246
Expenditure on:
Raising funds
4
216
-
Charitable activities
5
56,678
17,246
Total expenditure
56,894
17,246
Net income for the year/
Net movement in funds
20,923
-
Fund balances at 1 January 2022
75,725
-
Fund balances at 31 December 2022
96,648
-		 Total
2022
£
95,063
216
73,924
74,140
20,923
75,725
96,648

GALGOS DEL SOL UK

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
10
Net current assets
Income funds
Unrestricted funds		 2023
£
132,934
(2,160)		 £
130,774
130,774
130,774		 2022
£
98,598
(1,950)		 £
96,648
96,648
96,648

The financial statements were approved by the Trustees on 18 October 2024

S Scott Trustee

GALGOS DEL SOL UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. 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.

GALGOS DEL SOL UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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 payments 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.

GALGOS DEL SOL UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

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
110,583
33,497
110,583
33,497		 Total
2023
£
144,080
144,080		 Total
2022
£
95,063
95,063

4 Raising funds

**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Other fundraising costs 216 216
216 216

GALGOS DEL SOL UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

5 Charitable activities

Telephone
Printing, postage and stationary
Vet/trainer fees
Merchandise
Transport
Bank charges
Independent examiner fees
Grant funding of activities (see note)
Grants payable
Grants to institutions:
Galgos del Sol Spain		 2023
£
249
175
4,898
250
14,580
120
2,250
22,522
87,216
109,738
2023
£
87,216
87,216		 2022
£
383
-
2,307
700
18,932
60
1,950
24,332
49,592
73,924
2022
£
49,592
49,592

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 (2022: £nil).

8 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

GALGOS DEL SOL UK

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 2,160 1,950

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
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 January 2022 resources expended 1 January 2023 resources expended 31 December
2023
£ £ £ £ £ £ £
Funds for
new centre - - - - 25,930 (25,930) -
Adoption fees - 4,889 (4,889) - 7,567 (7,567) -
Isolation
kennel project - 6,357 (6,357) - - - -
Landscaping - 6,000 (6,000) - - - -
- 17,246 (17,246) - 33,497 (33,497) -

12 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).