Charity Ragistration No. 1174351
GREYHOUNDS IN NEED CIO
TRUSTEES REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

GREYHOUNDS IN NEED CIO
LEGAL AND ADMINISTRATIVE INFORMATION
Charlty number
1174351
Patrons
Jilly Cooper CBE
Peter Egan
Dame Judi Dench CH DBE FRSA
Ricky Gervais
Founders
Mrs B Anne Finch Ideceasedl
Arthur Finch Ideceasedl
Trustees
Patricia Whipps
Christine Goodwin
Geraldine Jones
Leigh Sobye BVSC MRCVS
Sarnanlha Taylor
General Manager
Tra￿Y Sanderson
Prlnclpal addross
Unil 5A-80 High Street
Egham
Surrey
TW20 9HE
Independant oxaminar
Azets Audit Services
Gladstone House
77-79 High Street
Egham
Sutrey
TW20 9HY
United Kingdom
Bankers
Coulls & Co
440 Strand
London
WC2R OQS
United Kingdom

GREYHOUNDS IN NEED CIO
CONTENTS
Page
Trustees report
Independent examinerfs report
Statement of financial activities
Balance sheet
Notes to the accounts
7-12

GREYHOUNDS IN NEED CIO
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their report and accounts for the year ended 31 December 2023.
structure. governance and management
The charity is the successor lo Greyhounds in Need (registered charity number 10694381, which was established
by a declaration of trust dated 16 April 1998, with subsequent amendments. 11 was registered as a Charitable
Incorporated Organisation on 23 August 2017. On 31 December 2017 all the aclivilies, 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
Leigh Sobye BVSC MRCVS
Samantha Taylor
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 galgDS. We also do work lo 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 generatlDn in animal welfare offers the only hope of
bringing the maltreatment of Spanish galgos lo an end. We continue to invest in developing our education
programme
Spain
through further
development
our
education
website
Ihllps'.11
educalion.greyhoundsinneed.co.ukl and the provision of teaching resources and infrastructure al the point of
need. c0￿muNiCation from our educational programme end-U5ers 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 Iruslees consider that our education programme will require continued
financial investment in the forthcoming financial years.
The Iruslees are always al pains lo ensure that the charity's expenditure is strictly limited lo 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 organisatlDns known to us to be trus￿Orthy. Trustees and stsff aim to
make regular visits to Spain to check on projects already Completed and lo research future needs.
Work In Spaln
We have continued to support finanaally the veterinary costs and transport of galgos over the previous year. We
have also managed to continue our direct aid support relating to infrastructure projects in the year totalling
£207,000 12022.. £132,000). Spending on our education programme in Spain increased lo £31,547 12022..
£10,305).
A detailed breakdown of the charity's expenditu￿ on our work in Spain can be found in the annual financial
slatemenls. In 2023, the expenditure has exceeded income by around £61.00012022.' £58.0001.
In 2023 we have been able lo offer funding Iveterinarylboardingltransportl which enabled 479 galgos and 89
greyhounds to be rescued, transported and adopted in the UK and Europe.
During 2023 after a trustee visit lo Caceres we have found a new group lo work with which we hope lo be an
ongoing partnership.

GREYHOUNDS IN NEED CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Work in the UK
GIN fundraises in the UK to support rfts Work in Spain. We continue lo promote online giving and increase
purchases from our online merchandise shop and Ebay sales lo assist in increasing our fundraising income. We
are also active in transport, veterinary and other areas lo assist the rehoming of ex-racing dogs from Ireland and
the UK.
Admlnlstratlon
The trustees are aware of their responsibility lo keep administration costs lo a minimum and regularly monitor
expenditure lo ensure that they fulfil this obligaty'on.
Legacies
As will be seen from the finan¢ial slalements we have been fortunate in becoming entitled lo I￿aThe$ amounting
to £225,86512022.' £171.5211. 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 lo devote to our
charitable work.
Reservgs Pollcy
As noted above, the trustees Continue to follow their policy of spending our reserves Dn the charitable Objects for
which money has been provided by our supporters. When excluding the legacy income, we have again drawn
down our reserves considerably due lo 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 lo Cover current liabilities and to enable us lo fulfil the commitments we have made lo those we
work wlh here and abroad and enable GIN lo meet unexpected future needs.
In 2024 we continue lo promote our education programme in Spain. After restrictions following Covid-19
pandemic 2023 saw an increase in the number of school visits that were able lo take place. We have continued
to update our education website and expanded on the supportlgranls we give to our contacts abroad who are
promoting our project in their areas. We will continue to promote and expand education in Spain. In particular we
continue lo sponsor the new education centre in Barcelona. We believe a reserve of £250,000 should be
retained for this.
We continue lo help the shelters in Spain to improve the conditions of the she￿erS lo maximise the safely and
security lor the animals in their care and have several projects planned for 2024. Imth the additional reserves
held at year end. we are currently helping to build an animal rescue ¢entre in cara￿$. Spain supporting galgo
kennels and exercise paddocks. We believe a reserve of £170,000 should be retained for this.
The Trustees feel il is prudent to keep a General Reserve for running the charity of £195,000 and also maintain a
Crisis Reserve of £60,000 to assist in any international crisis affecting greyhounds and greyhound cross breeds.
11 is understood that other dog breeds may benefit from the expenditure we make In assisting In any such crisis.
Risk Management
The Charity will annually review ils Risk Register in order to reduce any risks. Major risks lo which the charity is
exposed have been identified-
lalThe main risk lo the charity would be the legacy income drying up. The charity has been very fortunate to
receive substsntial legacies over recent years allowing us to expand our work for the greyhounds and galgos.
We appreciate Ihat this source of income cannot be relied upon, and we are always looking at possible new
funding streams.
Iblvolunleers, Trustees andlor staff being overslrelched. In 2024 we are looking lo employ a new staff member
to assist wth the adminislralion of the charity. Al the same lime, we are looking to Increase the volunteer help we
receive, in the Offi￿ and for events.
IclFinan
we are a￿ayS looking at new fundraising opportunities. whilst our On-line giving - donations,
merchandise sales. eBay sales are steadily growing, and we look lo continue lo expand these in 2024. As well
as these measures we are also thinking strategically about our fundraising aims.

GREYHOUNDS IN NEED CIO
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
statement of trustees responsibilitie5
The trustees are responsible for keeping sufficient accounting records that disdose with reasonable accuracy al
any lime the financial position of the charity and enable them lo ensure that the ac¢ounls comply with the
Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of
the charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Public Benefit Statement
Section 4 of The Charitiès Act 2011 requi￿$ charity trustees to comply wth their duly lo have due regard to
public benefit guidance published by the Charity Commission in exercising their powers and duties.
The trustees are very mindful of their obligations and have been referring lo the guidance regarding our aims and
objectives and when planning future activities. In particular, we have considered how planned activities will
contribute lo the aims and objectives we have set.
Onb
f of the board of trustees
Christlne Good
Trustee

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 De￿mber 2023, which are set out on pages 5 to 12.
Respective responsibilities of trustees and examiner
The charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees consider that an
audit is not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an
independent examination is needed. The charity's gross income exceeded £250,000 and l am qualified to
undertake the examination being a qualified member of ICAEW.
11 is my responsibility to..
examine the accounts under section 145 of the 2011 Act.,
lill lo follow the procedures laid down in the general Directions given by the Charity Commission under section
14515llbl of the 2011 Act, and
liiil 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 wth those records. 11 also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanations from you as Iruslees concerning any such mallers. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether
the accounts present a 'lrue and fair view, and the report is limited to those matters sel out in the statement
below.
Indopgndent gxamlngrf$ statgment
In connection wth my examination, no matter has come to my attention..
lal which gives me reasonable cause lo believe that in any material ￿SpeCt the requirements."
to keep accounting records in accordance with section 130 of the 2011 Act,. and
{iil to prepare accounts which accord with the accounting records and comply with the accounting
requirements of the 2011 Act",
have not been met., or
Ibl lo which, in my opinion, attention should be drawn in order lo enable a proper understanding of the
accounts lo be reached.
Trjc
Paul Creasey
Azels Audit Services
Gladstone House
77-79 High Street
Egham
Surrey
TW20 9HY
United Kingdom
3 July 2024
Dated..

GREYHOUNDS IN NEED CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted Designated
funds
funds
Total
2023
Total
2022
Notes
Incomin
resources from enerated funds
Donations and legacies
Investment income
306,453
32.259
306,453
32,259
238,851
13,856
338,712
18.770
338,712
18,770
252.707
16,226
Incoming resourees from charitsble activities
Total incoming resources
357,482
357,482
268,933
Resources ex
ended
Costs of generating funds
Merchandise costs
Advertising and fund raising costs
10,570
10,101
10,670
10,101
12,081
7,049
20.671
20,671
19,130
Net incoming resources available
336,811
336,811
249,803
Charitsble activities
Direct aid
Promotion
Adminislrab"on
Foreign Exchange differences
291,118
3,331
147,340
221
291,118
3,331
147,340
193,845
5,098
139,067
177,6791
Total charitable expenditure
441.767
441,767
260,331
Totsl resources expended
462,438
462,438
279,461
Net outgolng resou￿9$
1104,9561
1104,9561
110,5281
Other recognlsed galns and losses
Gainslllossesl on investment assets
39,934
39,934
147,9681
Net movement In fund$
165.0221
165,0221
158,4961
Fund balances al 1 January 2023
S79,051
656,000
1,234,051
1,292,547
Fund balances at 31 December 2023
514.029
655,000 1.169,029 1,234,051

GREYHOUNDS IN NEED CIO
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Not&s
Flxed assets
Investments
330,167
290,232
Curr&nt assets
stocks
Debtors
Cash at bank and in hand
6,703
10,215
867,496
6,528
134,407
813,384
10
884,414
954,319
Creditors: amounts falling due within
one year
11
145.5521
110,5001
Net current assets
838,862
943,819
Totsl assets less currgnt Ilabllltles
1,169,029
1,234,051
Income funds
Unrestricted funds..
Designated funds
other charitable funds
12
665,000
514,029
655,000
579,051
1,169,029
1.234,051
nts approv￿ by the Trustees on
Chrfstine Ge￿d
Tru¥te•

GREYHOUNDS IN NEED CIO
NOTES TO THEACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
1.1 Basis of preparation
Greyhounds in Need CIO is a charitable incorporated organisalion registered with the Charty Commission in
England & Wales. The office address is 5A-80 High Street, Egham, Surrey, TVV20 9HE.
The accounts have been prepared in accordance with applicable accounting standards, the Slalement of
Recommended Practice, "Accounting and Reporting by Charities I"The Charities SORP FRS 1021, effective 1
January 2019 and the Charities Act 2011.
The financial statements are p￿pared in sterling, which is the functional cUr￿ncY of the company. Monetary
amounts in these finanryal slalements are rounded lo the nearest £.
Going Concern
The re-homing and transport of galgos in Spain has increased compared lo 2022, and the education
programme has also started to gain more momentum Compared lo the previous year. At the lime of approving
the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational
existence for the foreseeable ftjture. Thus the trustees continue to adopt the going concern basis of
accounting in preparing the financial slalements.
1.2 Incomlng resou￿0$
Items of income a￿ recognised and included in the financi81 statements when all of the following criteria are
mel".
The Charity has enlillemenl to the funds..
any performan￿ ¢ondilions attached to the ilemlsl of income have been mel or are ftjlly 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 legaaes, entilement is taken al the earlier of..
the date on which the charity is aware that probate has been granted",
the eslale has been finalised and nolificalion has been made by the execultsr{sl lo the Ttusl that a
distribution will be made", or
when a distribution is received from the estsle.
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 ¢harltabl& 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 servlcos
The value of services provided by volunteers has not been included in the finanaal slalements.
Interest receivable
Interest on funds held on deposit is included when re￿1v&ble and the amount can be measured reliably by the
charity", this Is normal upon notification of the Interest paid or payable by the bank.
1.3 Resources expended
Expenditure is recognised once there is a legal or constructive obligab'on to make a payment to a third party, il
is probable that selllemenl will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following activity headings..

GREYHOUNDS IN NEED CIO
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles
Icontlnuedl
Expendlture on charltable actlvltles
Expenditure on charitable activities Comprise those costs incurred by the charty in the delivery of its activities
and setvices for its benefiaaries. It includes both costs that can be allocated directly to such activities and
those costs of an indirect nature necessary to support them.
Govarnancg ¢0$ts
Governance costs includes those costs associated with the constitutional and statutory requirernents 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 lower of cost and nel realisable value.
1.5 Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held al call with
banks. other short-term liquid investments wth original malurilies of three months or less.
1.6 Trade and other recelvables
Trade and other receivables are measured at transaction pri￿ less any impairment unless the arrangement
constitutes a financing transaction in which case the transaction is measured at the present value ()f the future
receipts discounted al the prevailing market rate of Interest.
1.7 Trade and other payablgs
Trade and other payables a￿ measured at their transaction price unless the arrangement conslilules a
financing Iransadion in which case the transaction is measured al present value of future payments
discounted al prevailing market rale of interest. Other financial liabilities are initially measured al fair value nel
of their transaction costs. They are subsequently measured al amortised Cost using the effective interest
method.
1.8 Judgernents and estirnates
In the application of the company's accounting policies, the trustees a￿ required to make judgements,
eslimales 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 eslimales 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 the period of the revision and future periods where the revision affects both current and future
periods.
Legacy incofne
Management wll recognise legacy income once they have been notified of their enlillemenl of the income and
when the amount can be accurately measured.

GREYHOUNDS IN NEED CIO
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Donations and legacies
2023
2022
Supporter income
Legacies receivable
80.588
225.865
67,330
171,521
306.453
238,851
Supportgr In¢omg
2023
2022
Donations and fundraising
Membership
Gift aid
Raffle
71,348
2.198
3.768
3,274
60,173
1,333
2,745
3,079
80,S88
67,330
Legacies
Fifteen legacies or part legacies were received in 2023. In accordance with the accounting policy Dn legacies
these are recDgnised as legacy income. Three further legacies of £6,328 were received post year end or are
expected ID be received in Spring 2024 and have been recognised in these financial slalements.
Investment income
Investment income arising from money held in interest bearing deposit a¢counts lotsls £25,16512022.'
£13,856).
Incoming resources from Charitable activities
2023
2022
Merchandise sales
18.770
16,226
Merchandlse Sales
The Greyhounds in need CIO also sells merchandise to SUPPDrters, mainly by mail order.

GREYHOUNDS IN NEED CIO
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Total resources expended
2023
2022
Costs of generating funds
Merchandise costs
Advertising and fund raising costs
10.570
10.101
12,081
7,049
20,871
19,130
Charltable a￿[vItI￿S
Direct aid
Promotion
Administratlon
291.118
3.331
147,340
193,845
5,098
139,067
Foreign Exchange differences
Support costs
1221
177,6791
441.767
260,331
462.438
279,461
Charitable activitie5
Dlrect ald
2023
2022
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
10,111
38.293
83.976
50,927
1.258
75,006
31,547
18,581
21,886
71,161
50,352
1,139
20,421
10,305
291,118
193.845
Promotion
Promotion includes leaflets plus the balance of costs of the Greyhounds in Need CIO newsletter and websf(e.
Admlnlstratlon
2023
2022
These include..
Indepedenl Examinerfs Fees
HQ O¢wpan¢y Costs
1.195
29,340
1,195
28,350
10-

GREYHOUNDS IN NEED CIO
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
The only transactions ¥Mth the trustees relate lo the reimbursement of reasonable travel costs lo attend
meetings held by the charity.
No remuner8lion was paid lo the Trustees in the year12022". £nill.
Employ99$
Numberofemployees
The average monthly number of ernployees during the year was..
2023
Numbar
2022
Number
Employees
2023
2022
Intages and salaries
Social security costs
Other pension costs
56,686
1.189
1,670
56,095
713
1,550
59.$46
58,358
There were no employees whose annual remuneration was £60,000 or more.
Fixed asset investments
Market value al 1 January 2023
Change in value in the year
290,233
39,934
Markgt valug at 31 D9¢embgr 2023
330,167
10 Debtors
2023
2022
Trade debtors
Prepayments and accrued income
1,999
8.216
2,317
132,090
10.215
134,407

GREYHOUNDS IN NEED CIO
NOTES TO THE ACCOUNTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11
CreditOTS'. amounts falling due within one year
2023
2022
Trade creditors
Other creditors
Accruals
36,933
2,239
6,380
2,618
1,502
6,380
45,552
10,500
12 Designated funds
The income funds of the charity indude the follo￿ring designated funds which have been sel aside out of
unrestricted funds by the Iruslees for specific purposes..
Movement in funds
Balance at 1 Increase in Decrease in Balance at 31
January
funds
fun(Is December 2023
2023
Education in Spain
Shelters in Spain
Crisis Reserve
General Reserve
350,000
70,000
50,000
185,000
1100,0001
250,000
170,000
60,000
175.000
100,000
10,000
110,0001
655,000
110,000
1110,0001
655,000
The education programme in Spain relates lo the continuing development of our education websrte along
with expanding support and grants given lo contacts abroad who are promots.ng the charity's project In their
area. We continue lo support the 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 safely and security for the animals al 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 partles
During the year the charity entered into transactions for veterinary services wlh Willett House Veterinary
Surgeons, a practice co-owned by one of the trustees, Leigh Sobye tolalling £17.607 12022.. £14,731) and
education expenditure lo Samantha Taylor, one of the Iruslees. tolalling £1,051 12022. £1,050). At the year
end £1,85212022'. £Nill was owed lo Willel House Veterinary Surgeons.
12-