**Charity Registration No. 1174351** ## **GREYHOUNDS IN NEED CIO** # **TRUSTEES REPORT AND UNAUDITED ACCOUNTS** # **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **GREYHOUNDS IN NEED CIO** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Charity number**|1174351| |---|---| |**Patrons**|Jilly Cooper CBE| ||Peter Egan| ||Dame Judi Dench CH DBE FRSA| ||Ricky Gervais| |**Founders**|Mrs B Anne Finch (deceased)| ||Arthur Finch (deceased)| |**Trustees**|Patricia Whipps| ||Christine Goodwin| ||Geraldine Jones| ||Leigh Sobye BVSc MRCVS| ||Samantha Taylor| |**General Manager**|Carolyn Davenport| |**Principal address**|Unit 5A-80 High Street| ||Egham| ||Surrey| ||TW20 9HE| |**Independent examiner**|Azets Audit Services| ||Gladstone House| ||77-79 High Street| ||Egham| ||Surrey| ||TW20 9HY| ||United Kingdom| |**Bankers**|Coutts & Co| ||440 Strand| ||London| ||WC2R 0QS| ||United Kingdom| ## **GREYHOUNDS IN NEED CIO** ## **CONTENTS** ||**Page**| |---|---| |Trustees report|1 - 4| |Independent examiner's report|5| |Statement of financial activities|6| |Balance sheet|7| |Notes to the accounts|8 - 14| ## **GREYHOUNDS IN NEED CIO** ## **TRUSTEES REPORT** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ The trustees present their report and accounts for the year ended 31 December 2021. ## **Structure, governance and management** The charity is the successor to Greyhounds in Need (registered charity number 1069438), which was established by a declaration of trust dated 16 April 1998, with subsequent amendments. It was registered as a Charitable Incorporated Organisation on 23 August 2017. On 31 December 2017 all the activities, assets and liabilities of the incorporated charity were transferred by deed to this Charitable Incorporated Organisation. The trustees who served during the year were: Patricia Whipps Christine Goodwin Geraldine Jones Martin Humphery (Retired 10 January 2022) Leigh Sobye BVSc MRCVS Samantha Taylor (Appointed 25 January 2022) We remain indebted to our distinguished Patrons for their support of the charity and for the enhancement they bring to its standing with the public. ## **Objects and Aim** Our principal area of activity is in Spain, where we support the rescue, veterinary treatment and rehoming of native hunting greyhounds, known as galgos. We also do work to support the transport and rehoming of greyhounds from Ireland and in the UK and help, when the need arises, the plight of suffering greyhounds globally. The trustees recognise that education of the younger generation in animal welfare offers the only hope of bringing the maltreatment of Spanish galgos to an end. We continue to invest in developing our education programme in Spain through further development of our education website (https:// education.greyhoundsinneed.co.uk) and the provision of teaching resources and infrastructure at the point of need. Communication from our educational programme end-users have provided very positive feedback that the programme has been enthusiastically received by the children and that an understanding of animal welfare and the plight of the galgos is developing. The trustees consider that our education programme is still in its infancy and will require continued financial investment in the forthcoming financial years. The trustees are always at pains to ensure that the charity's expenditure is strictly limited to its charitable objects and that administration costs are kept to a minimum. In particular, care is taken to see that all funds spent abroad are carefully controlled and restricted to organisations known to us to be trustworthy. Trustees and staff aim to make regular visits to Spain to check on projects already completed and to research future needs. Due to Covid-19, these have not been possible this year but contact has been maintained virtually. ## **Work in Spain** We have continued to financially support the veterinary costs and transport of galgos despite Covid-19. We have also managed to continue our direct aid support relating to infrastructure projects in the year totalling £127,000 (2020: £112,000). Spending on our education programme in Spain continued to fall to £3,374 (2020: £8,400). A detailed breakdown of the charity's expenditure on our work in Spain can be found in the annual financial statements. In 2021, the income has exceeded expenditure by around £650,000 (2020: expenditure exceeded income by around £5,000), however this is due to the legacy income received in the year of £820,000 (2020: £175,000). This continues to reflect the trustees' policy of spending down our reserves over time, in accordance with our charitable objects. In 2021 we have been able to offer funding (veterinary/boarding/transport) which enabled 431 galgos and 143 greyhounds to be rescued, transported and adopted in the UK and Europe. - 1 - ## **GREYHOUNDS IN NEED CIO** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Work in the UK** GIN fundraises in the UK to support its work in Spain but unfortunately suffered from a lack of face-to-face fundraising throughout the year. Efforts were made to promote online giving and increase purchases from our online merchandise shop which largely mitigated the fall in fundraising income. We are also active in transport, veterinary and other areas to assist the rehoming of ex-racing dogs from Ireland and the UK. ## **Administration** The trustees are aware of their responsibility to keep administration costs to a minimum and regularly monitor expenditure to ensure that they fulfil this obligation. ## **Legacies** As will be seen from the financial statements we have been fortunate in receiving in the year under review legacies amounting to £820,222 (2020: £175,456). We are extremely grateful to our supporters who are kind enough to remember us in their wills. As with all other charities, legacies form a vital part of the income we are able to devote to our charitable work. ## **Reserves Policy** As noted above, the trustees continue to follow their policy of spending our reserves on the charitable objects for which money has been provided by our supporters. As can be seen in these accounts a surplus of £650,000 has been made due to the legacy income received of £820,000. When excluding the legacy income, we have again drawn down our reserves considerably due to reduced income from other revenue streams during the year. Our work involves considerable expenditure in Europe, primarily Spain, and we are careful to ensure the prudent retention of sufficient funds to cover current liabilities and to enable us to fulfil the commitments we have made to those we work with here and abroad and enable GIN to meet unexpected future needs. This has also been impacted by Covid-19, but we expect to be able to expand our activities again in 2022. In 2022 we plan to promote our education programme in Spain. This was heavily impacted by Covid-19 restrictions abroad. We will be re-launching our education website and expanding on the support/grants we give to our contacts abroad who are promoting our project in their areas. In particular we are sponsoring a new education centre in Barcelona and feel it prudent to increase our Designated Reserve for this project from £200,000 to £350,000. We continue to help the shelters in Spain to improve the conditions of the shelters to maximise the safety and security for the animals in their care and have several projects planned for 2022. We believe a reserve of £70,000 should be retained for this. The Trustees feel it is prudent to keep a General Reserve for running the charity of £185,000 and also maintain a Crisis Reserve of £50,000 to assist in any international crisis affecting greyhounds and greyhound cross breeds. It is understood that other dog breeds may benefit from the expenditure we make in assisting in any such crisis. - 2 - ## **GREYHOUNDS IN NEED CIO** ## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **Risk Management** The Charity will annually review its Risk Register in order to reduce any risks. Major risks to which the charity is exposed have been identified – (a)The main risk to the charity would be the legacy income drying up. The charity has been very fortunate to receive substantial legacies over recent years allowing us to expand our work for the greyhounds and galgos. We appreciate that this source of income cannot be relied upon, and we are always looking at possible new funding streams. (b)Volunteers, Trustees and/or staff being overstretched. In 2022 we are looking to employ a new staff member to assist with the administration of the charity. At the same time, we are looking to increase the volunteer help we receive, in the office and for events. A new Trustee, Samantha Taylor, has also joined the team in January 2022. (c)Finance – we are always looking at new fundraising opportunities, especially looking at new income streams to replace those curtailed by Covid-19. On-line giving – donations, merchandise sales, eBay sales are steadily growing, and we look to continue to expand these in 2022. As well as these measures we are also thinking strategically about our fundraising aims. ## **Impact of COVID-19** In 2021, the activities of the Charity were impacted by the restrictions arising from the COVID-19 pandemic, in particular the re-homing and transport of galgos ceased temporarily as did the education programme in Spain. These activities have now recommenced to some extent, and we look forward to a return to normality in 2022. ## **Statement of trustees responsibilities** The trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these accounts, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. - 3 - GREYHOUNDS IN NEED CIO TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy al any limè the financial position of the charity and enable them lo ensure that the ac￿Unts comply with thè Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity an¢J hen¢e for taking reasonable steps for the pravention and detection of Iraud and other irregularities. Publi¢ Benefit Statement Section 4 of The Charities Act 2011 requires charity trustees lo comply with their duty lo have due ￿gard to publlc benefit guidance published by the Charity Commission in exercising their powers and duties. The trustee5 are very mindful of their obligations and have been referring lo the guidance regardlng our aims and objectives and when planning futur¢ activities. In particular. we have consi......... . ## **GREYHOUNDS IN NEED CIO** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREYHOUNDS IN NEED CIO** I report on the accounts of the charity for the year ended 31 December 2021, which are set out on pages 6 to 14. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination being a qualified member of ICAEW. It is my responsibility to: - (i) examine the accounts under section 145 of the 2011 Act; - (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - (iii) to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (a) which gives me reasonable cause to believe that in any material respect the requirements: - (i) to keep accounting records in accordance with section 130 of the 2011 Act; and - (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met; or - (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Paul Creasey Azets Audit Services Gladstone House 77-79 High Street Egham Surrey TW20 9HY United Kingdom 31 March 2022 Dated: ......................... - 5 - ## **GREYHOUNDS IN NEED CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**Unrestricted Designated**
**funds**
**funds**
**Notes**
**£**
**£**
**Incoming resources from generated funds**
Donations and legacies
**2**
**900,006**
**-**
Investment income
**3**
**8,104**
**-**
**908,110**
**-**
Incoming resources from charitable activities
**4**
**23,165**
**-**
**Total incoming resources**
**931,275**
**-**
**Resources expended**
**5**
**Costs of generating funds**
Merchandise costs
**12,371**
**-**
Advertising and fund raising costs
**6,615**
**-**
**18,986**
**-**
**Net incoming resources available**
**912,289**
**-**
**Charitable activities**
Direct aid
**175,019**
**-**
Promotion
**10,235**
**-**
Administration
**123,439**
**-**
**Total charitable expenditure**
**308,693**
**-**
**Total resources expended**
**327,679**
**-**
**Net incoming/(outgoing) resources before**
**transfers**
**603,596**
**-**
Gross transfers between funds
**(455,000)**
**455,000**
**Net incoming/(outgoing) resources**
**148,596**
**455,000**
**Other recognised gains and losses**
Gains on investment assets
**46,169**
**-**
**Net movement in funds**
**194,765**
**455,000**
Fund balances at 1 January 2021
**442,782**
**200,000**
**Fund balances at 31 December 2021**
**637,547**
**655,000**|**Total**
**2021**
**£**
**900,006**
**8,104**
**908,110**
**23,165**
**931,275**
**12,371**
**6,615**
**18,986**
**912,289**
**175,019**
**10,235**
**123,439**
**308,693**
**327,679**
**603,596**
**-**
**603,596**
**46,169**
**649,765**
**642,782**
**1,292,547**|Total
2020
£
265,048
8,548
273,596
10,561
284,157
9,805
8,996
18,801
265,356
204,054
6,475
106,611
317,140
335,941
(51,784)
-
(51,784)
46,844
(4,940)
647,722
642,782| |---|---|---| - 6 - GREYHOUNDS IN NEED CIO BALANCE SHEET ASAT31 DECEMBER 2021 2021 2020 Fixed assets Investrnents 338.200 292,031 Current a55ets Stocks Debtors Cash at bank arKI in hand 6.354 644.821 325.725 4.542 124.502 268.019 10 976.900 397.063 Cr8ditor5: amounts falling due within one year 11 (22.553) (46,312) Net Current assets 954.347 350.751 Totsl ass•ts lèss currènt liabilftios 1292.547 642,782 In¢omg fund$ Unrestricted funds: 08signat8d funds Other chaTrtable funds 12 655.000 637.547 200,000 442,782 1292.547 642,782 The am)unts were approved by the TNstees o Christin Trustee ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **1.1 Basis of preparation** Greyhounds in Need CIO is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The office address is 5A-80 High Street, Egham, Surrey, TW20 9HE. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities" ("The Charities SORP FRS 102), effective 1 January 2019 and the Charities Act 2011. The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £. ## **Going Concern** The re-homing and transport of galgos in Spain has recommenced, and the education programme has also started up again, albeit slowly. At the time of approving the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Management have considered the residual effect of Covid-19 on operations and do not anticipate a significant impact. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.2 Incoming resources** Items of income are recognised and included in the financial statements when all of the following criteria are met: - The charity has entitlement to the funds; - any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity; - there is sufficient certainty that receipt of income is considered probable; and - the amount can be measured reliably. ## **Legacies** For legacies, entitlement is taken at the earlier of: - the date on which the charity is aware that probate has been granted; - the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made; or - when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probably when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. ## **Other charitable income** Income receivable by way of shop sales, mail order sales, donations and fundraising, and memberships is included in the financial statements when receivable and the amount can be measured reliably by the charity. ## **Donated services** The value of services provided by volunteers has not been included in the financial statements. ## **Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normal upon notification of the interest paid or payable by the bank. - 8 - ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **1.3 Resources expended** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: ## **Expenditure on charitable activities** Expenditure on charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries, It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **Governance costs** Governance costs includes those costs associated with the constitutional and statutory requirements of the charity and include the independent examiner's fees and costs linked to the strategic management of the charity. ## **Irrecoverable VAT** Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **1.4 Stock** Stock is valued at the fair value of the goods being expected selling price being the estimated resale value less costs relating to the sales of those goods. ## **1.5 Cash and cash equivalents** Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less . ## **1.6 Trade and other receivables** Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest. ## **1.7 Trade and other payables** Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method. - 9 - ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **(Continued)** ## **1.8 Judgements and estimates** In the application of the company’s accounting policies, the #wd6\Director\ #wd12\Director\ 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. ## _Legacy income_ Management will recognise legacy income once they have been notified of their entitlement of the income and when the amount can be accurately measured. ## **2 Donations and legacies** |Supporter income
Legacies receivable
**Supporter income**
Donations and fundraising
Membership
Gift aid
Raffle|**2021**
**£**
**79,784**
**820,222**
**900,006**
**2021**
**£**
**68,650**
**1,852**
**7,027**
**2,255**
**79,784**|2020
£
89,592
175,456
265,048
2020
£
81,135
2,301
4,323
1,833
89,592| |---|---|---| ## **Legacies** Ten legacies or part legacies were received in 2021 with an additional one being received early in 2022, and in accordance with the accounting policy on legacies recognised as legacy income. A further legacy of £555,905 is expected to be received in Spring 2022. ## **3 Investment income** Investment income arising from money held in interest bearing deposit accounts totals £8,104 (2020: £8,548). - 10 - ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **4 Incoming resources from charitable activities** ||**2021**|2020| |---|---|---| ||**£**|£| |Merchandise sales|**23,165**|10,561| ## **Merchandise Sales** The Greyhounds in need CIO also sells merchandise to supporters, mainly by mail order. ## **5 Total resources expended** |**Costs of generating funds**
Merchandise costs
Advertising and fund raising costs
**Charitable activities**
Direct aid
Promotion
Administration
**6**
**Charitable activities**
**Direct aid**
Transport of Galgos and Greyhounds in Europe
Direct Aid Abroad
Direct Aid - Spanish Vet Costs
UK Galgos incl. Vet, Kennels and Transport
UK Homing Costs
Support for Shelters
Education Projects|**2021**
**£**
12,371
6,615
**18,986**
175,019
10,235
123,439
**308,693**
**327,679**
**2021**
**£**
**23,564**
**5,103**
**64,598**
**39,103**
**5,405**
**33,872**
**3,374**
**175,019**|2020
£
9,805
8,996
18,801
204,054
6,475
106,611
317,140
335,941
2020
£
36,861
28,867
83,405
40,146
-
6,361
8,414
204,054| |---|---|---| |||| ## **Promotion** Promotion includes leaflets plus the balance of costs of the Greyhounds in Need CIO newsletter and website. - 11 - ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**6**|**Charitable activities**||**(Continued)**| |---|---|---|---| ||**Administration**||| |||**2021**|2020| |||**£**|£| ||These include:||| ||Indepedent Examiner's Fees|**1,195**|1,195| ||HQ Occupancy Costs|**28,350**|22,422| ## **7 Trustees** The only transactions with the trustees relate to the reimbursement of reasonable travel costs to attend meetings held by the charity. No remuneration was paid to the Trustees in the year (2020: £nil). ## **8 Employees** ## **Number of employees** The average monthly number of employees during the year was: |Employees
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.
**Fixed asset investments**
Market value at 1 January 2021
Change in value in the year
**Market value at 31 December 2021**|**2021**
**Number**
**2**
**2021**
**£**
**56,095**
**713**
**1,550**
**58,358**|2020
Number
2
2020
£
45,495
1,221
1,412
48,128
**£**
292,031
46,169
**338,200**| |---|---|---| ## **9 Fixed asset investments** - 12 - ## **GREYHOUNDS IN NEED CIO** ## **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ |**9**|**Fixed asset investments**|||||**(Continued)**| |---|---|---|---|---|---|---| ||Historical cost:|||||| ||At 31 December 2021|||||338,200| ||At 31 December 2020|||||292,031| |**10**|**Debtors**||||**2021**|2020| ||||||**£**|£| ||Trade debtors||||**3,391**|2,169| ||Prepayments and accrued income||||**641,430**|122,333| ||||||**644,821**|124,502| |**11**|**Creditors: amounts falling due within one year**||||**2021**|2020| ||||||**£**|£| ||Trade creditors||||**14,796**|32,614| ||Other creditors||||**1,116**|1,079| ||Accruals||||**6,641**|12,619| ||||||**22,553**|46,312| |**12**|**Designated funds**|||||| ||The income funds of the charity include the following designated funds which||||have been set aside out of|| ||unrestricted funds by the trustees for specific purposes:|||||| |||||**Movement**|**in funds**|| |||**Balance at 1**||**Increase in**|**Decrease in**|**Balance at 31**| |||**January**||**funds**|**funds**|**December**| ||||**2021**|||**2021**| ||||**£**|**£**|**£**|**£**| ||Education in Spain|200,000||150,000|-|**350,000**| ||Shelters in Spain||-|70,000|-|**70,000**| ||Crisis Reserve||-|50,000|-|**50,000**| ||General Reserve||-|185,000|-|**185,000**| |||200,000||455,000|-|**655,000**| - 13 - ## **GREYHOUNDS IN NEED CIO** **NOTES TO THE ACCOUNTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **12 Designated funds** **(Continued)** The education programme in Spain relates to the re-launching of an educational website and expanding support and grants given to contacts abroad who are promoting the charity's project in their area. In 2021, the Charity has also started to sponsor a new education centre in Barcelona. The Designated Fund for the shelters in Spain relates to the assistance in improving the condition of shelters in order to maximise the safety and security for the animals at the shelter. A Crisis Reserves is held to assist in any international crisis affecting greyhounds and greyhound cross breeds. The General Reserve is held for the running of the charity. ## **13 Related parties** During the year the charity entered into transactions for veterinary services with Willett House Veterinary Surgeons, a practice co-owned by one of the trustees, Leigh Sobye. Transactions with the practice during the financial year totalled £10,991 (2020: £11,031). There were no outstanding balances at the year end. - 14 -