Charity registration number 1158983 GALGOS DEL SOL UK ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
GALGOS DEL SOL UK LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Solera Tsolefa Scox sStt J Cranton Charity number 1158983 Principal address 12 Chester Street Swindon United Kingdom SN15DX Independent examiner Azets Westpoint Lynch Wood Peterborough Cambridgeshire United Kingdom PE2 6FZ Bankers Lloyds Bank PIC 47 Milsom St Bath United Kingdom BA1 1DN
GALGOS DEL SOL UK CONTENTS Page Trustees, report Independent examinef s report Statement of financial actimties Balance sheet Notes to the ffinancial statements 7-11
GALGOS DEL SOL UK TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their report and accounts for the period ended 31 December 2024. The financial statemenls have been prepared in accordance with the accounting policies set out in note 110 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 Ireatmenl 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 harity should undertake. Achievements and perfoTmance 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 educalion 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 Ihe work of Galgos del Sol Spain, lo 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. We did see a reduction of the flow of donations in 2024 as the ongoing economic crisi5 continued to have an impact. This was noticeable with the cancellation of some regular donationsdue to donors changing circumstances. During the course of2024 Galgos del Sol UK rehomed 65 rescued galgos and poden¢os in the UK, thi5 was lower than Ihe 2023 figure. Again. the impact of the economic Crisis was evident with a reduced number of adoption enquiries being reIved. We conlinued lo handle adoption and general enquiries, organise home checks and arrange transports from Spain lo the UK ensuring compliance wilh APHA Import Regulations. We distribule infomiation about galg05 and podencos and theirplight in Spain with a presen at countyfairs and dog shows and through supporting veterinary surgeries. 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, bul a150 Other breeds in danger in the perreras. including those injured, mothers with pups or those about to birth, this work continued in 2024. They also assisl other rescues by taking galgos and podencos from these into the Galgos del Sol rescue for rehoming. The additional number of dogs results in a significant increase in costs and Galgos del Sol UK has agreed to cover vet fees when provided wilh the relevant invoices. Over the ¢ourse of 2024 we covered £66,000 in veterinary costs. Galgos del Sol UK fundéd the purchase of a replacemenl van for the Galgos del Sol Spain Charty Shop at a cost of £29,400. We also purchased an industrial wasle incineralorfor Gds Spain al a cost of£16,000, previously waste had to be bagged onsite and transported to the nearest tip.
GALGOS DEL SOL UK TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Education Projed is being expanded to cover areas of Spain beyond the geographic reach of the Education Centre based at Galgos del Sol in Murcia. A Transit van has been converted into a mobile classtoom which can then travel to schools in different areas of Spain. Galgos del Sol UK funded the van purchase and its refit at a cost of £48,000. Financial review The existing reserves policy of retaining £10,000 was reviewed by the Trustees and it was agreed that this amount should increase to £20,000 in 2025. structure, governance and management The charity is a charitable incorporated organisation (CIO). The trustees who served during the period were: J Solera T Solera Scox 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 tnjslees have a beneficial interest in the CIO. The trustees, report was approved by the Board of Trustees. S Scott Trustee Dated.. 27.09.25
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 310ecember 2024. Responslbilitles and basls of report As the trustees of Ihe charity you are responsible for the preparation of the financial stalements in accordance with the requirements of the Charities Acl 2011 (the 2011 Act). I report in respect of my examination of the charily's financial statements carried out under section 145 of the 2011 Act. In carrying out my examinalion I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Independent examinerfs ststement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by CharFties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preferen 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. l understand that this has been done in order for financial slatements to provide a true and fair view in accordance with Generally ACpted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examinalion giving me cause to believe Ihat in any malerial respect.. accounting records were not kept in respect of the charrty as required by section 130 of the 2011 Acl,. or the financial slatements do not accord wilh Ihose records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Chaflties (Accounts and Reports) Regulations 2008 other than any requifemenl 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 examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial stalements to be reached. Mark Jackson FCA DChA Westpoint Lynch Wood Peterborough Cambridgeshire PE2 6FZ Uniled Kingdom Dated.. ..gf.: g../g. 2?.
GALGOS DEL SOL UK STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current financial year Unrestricted Restri¢ted funds funds 2024 2024 Total Total 2024 2023 Notes Donations and legacies 92.585 45,110 137,695 144,080 Raising funds 331 331 216 Charitable activities 129,134 45,110 174.244 109,738 Total expenditure 129,465 45.110 174.575 109,954 Net lexpenditure)lin¢ome forthe yearl Net movement in funds (36.880) (36,880) 34,126 Fund balances at 1 January 2024 130,774 130.774 96,648 Fund balances at 31 December 2024 93,894 93,894 130.774 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 2024 Prior financial year Unrestricted Restricted funds funds 2023 2023 Total 2023 Notes com Donalions and legacies 110,583 33,497 144,080 Raising fijnds 216 216 Charitable activities 76,241 33,497 109,738 Total expenditure 76,457 33.497 109,954 Net (expenditure)lincome for the yearl Net movement in funds 34,126 34.126 Fund balances at 1 January 2023 96,648 96,648 Fund balances at 31 December 2023 130.774 130,774
GALGOS DEL SOL UK BALANCE SHEET AS A T31 DECEMBER 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 10 2,934 93,240 132,934 96.174 132,934 Creditorts: amounts falling due within one year 11 (2,280) (2,160) Net current assets 93.894 130,774 Income funds Unrestricted funds 93,894 130.774 93,894 130,774 The financial statements were approved by the Trustees on 27.09.25 S Scott Trustee
GALGOS DEL SOL UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity Infomiation Galgos Del Sol UK is a charitable incorporated organisation registered in England and Wales. The registered Offi 15 12 Chester Street, Swindon. Wiltshire, SN15DX. 1.1 Accounting convention The financial statements have been prepared in accordance wilh the charity's goveming document, the Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance wtlh 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 nol to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulalions 2008 only to the extent required to provide a true and fair view. This departure has involved following the Stalement of Recommended Practi 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 stalemenls are prepared in steding, which is the functional currency of Ihe charity. Monetary amounls in these financial statements are rounded to the nearest £. The financial statemenls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the lime of approving the financial statements, the Irustees have a reasonable expectalion Ihat Ihe charity has adequate resources to continue in operational existence for the foreseeable future. Thus the truslees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable fund$ Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Reslricted 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 charily is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured feliably, and it is probable Ihal income will be received. Cash donations are recognised on receipt. Other donalions are recognised once the charity has been nolified of the donation, unless performan¢e Conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation.
GALGOS DEL SOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty. il 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 attribulable to a single activity are allocatéd directly to that activity. Shared costs which contribute to more than one activity and support cosls which are not attributable to a single activily are apportioned between those aclivities on a basis consislenl with the use of resources. Cenlral staff cosls 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. olher 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 interesl method unless the arrangement constitutes a financing transaction, where the transaction is measured at the presenl value of the future receipts discounled at a market rate of interest. Financtal assels classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are inilialty recognised at transaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al a market rale of interest. Financial liabilities classrfied as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rale 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 rf payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transa¢tion price and subsequently measured at amortised cost usin9 the effective interest method. Derecognition of financial liabilities Financial liabilities arè derecognised when the charity's contractLtal obligations expire or are discharged or Canlled.
GALGOS DEL SOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and judgements In Ihe applicalion of the ¢harily's accounting policies, the trustees are qUIred to make judgements. estimates and assumptions aboul the carying amount of assets and liabilities that are not readily apparent from other sources. The e5timales and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underfying 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 Ihe period of the revision and future periods where Ihe revision affects both current and fulure pertods. Donations and legacies Unrestricted Restricted funds funds Total 2024 Total 2023 Donations and grfts Legacies receivable 84,467 8.118 45.110 129,577 8,118 144,080 92,585 45,110 137.695 144,080 Raising funds Unrestricted Unrestricted funds funds 2024 2023 Other fundraising costs 331 216 331 216
GALGOS DEL SOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitsble activities 2024 2023 Telephone Printing, postage and stationary Computer costs Veulrainerfees Merchandise Transport Bank charges Independent examiner fees Other 384 249 175 80 2,919 4,898 250 14,580 120 2,250 7,061 225 2.280 85 13.034 22,522 Grant funding of aGttvities (see note) 161,210 87,216 174,244 109,738 Grants payable 2024 2023 Grants to instilutions.. Galgos del Sol Spain 161,210 87,216 161,210 87,216 Trustses None of the Irustees (or any pèrsons connecled with them) received any remuneration from the charity during the period. Expenses reimbursed to the trustees amounted to £nil {2023.' £nil). Employees The average monthly number of employees during the year was- 2024 Numbei 2023 Number Total There were no employees whose annual remuneration was more than £60,000. 10-
GALGOS DEL SOL UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Acl 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent Ihat these are applied to ils charitable objects. 10 Debtor5 2024 2023 Amounts falling due within one year: Other debtors 2,934 11 Creditors". amounts falling due within one year 2024 2023 Accruals and deferred income 2,280 2,160 12 Restricted funds The income funds of Ihe chartly include restricted fvnds Comprising the following unexpended balances of donations and grants held on trust for specific PLfrposes= Movement in funds Incoming R8sourcÈs Movement in funds Incoming Resources Balan¢e * Balancg at Balan¢tr at 1 January 2023 resour¢es expended1 January 2024 resources èxpgnded 31 December 2024 Funds for new centre Adoption fees 25,930 7,567 (25.930) (7,567) 36,188 8,922 {36,188) {8,922) 33.497 (33,49n 45,110 (45.110) 13 Related paty transactions There were no disclosable related paty Iransaclions during the year {2023- none). 11