Trustees’ Annual Report for the period
From 1[st] Feb 2020 Period start date To 31 Jan 2021 Period end date
Charity name: The Greyhound Shop
Charity registration number:1180862
Objectives and Activities
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SORP reference
Summary of the purposes Para 1.17 To raise and distribute funds for the
of the charity as set out relief of distress and to aid the
in its governing rehoming of greyhounds and other
document sighthounds both in the UK and abroad
Summary of the main Para 1.17 and Generating income through the sale of
1.19
activities in relation to donated goods
those purposes for the
public benefit, in
particular, the activities,
projects or services
identified in the
accounts.
Statement confirming Para 1.18 All trustees have read and understand
whether the trustees guidance issued by the Charity
have had regard to the Commission.
guidance issued by the
Charity Commission on
public benefit
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Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers
Other
Achievements and Performance
SORP reference Summary of the main Para 1.20 achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.
Additional information (optional)
You may choose to include further statements where relevant about:
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Achievements against Para 1.41
objectives set
Performance of
fundraising activities Para 1.41
against objectives set
Investment performance Para 1.41
against objectives
Other
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Financial Review
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Review of the charity’s Para 1.21 The charity’s financial position is
financial position at the robust
end of the period
Statement explaining the Para 1.22 The charity holds financial reserves to
policy for holding protect it against the effect of lean
reserves stating why they times
are held
Amount of reserves held Para 1.22 £10000
Reasons for holding zero Para 1.22 N/A
reserves
Details of fund materially Para 1.24 N/A
in deficit
Explanation of any Para 1.23 The ongoing situation regarding Covid
uncertainties about the and potential lockdown raise a level of
charity continuing as a uncertainty.
going concern
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Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds Para 1.47 (including any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the Para 1.46 principal risks facing the charity Other
Structure, Governance and Management
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Description of charity’s
trusts:
Type of governing Para 1.25 Constitution
document
(trust deed, royal
charter)
How is the charity Para 1.25 Charitable Incorporated Organisation
constituted?
(e.g unincorporated
association, CIO)
Trustee selection Para 1.25 Elected by Trustee Quorum
methods including details
of any constitutional
provisions e.g. election to
post or name of any
person or body entitled
to appoint one or more
trustees
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Additional information (optional)
You may choose to include further statements where relevant about:
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Policies and procedures
adopted for the induction Para 1.51
and training of trustees
The charity’s
organisational structure Para 1.51
and any wider network
with which the charity
works
Relationship with any Para 1.51
related parties
Other
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Reference and Administrative details
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Charity name The Greyhound Shop
Other name the charity N/A
uses
Registered charity 1180862
number
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Charity’s principal 952 Wimborne Road
address Moordown
Bournemouth
BH9 2DG
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Names of the charity trustees who manage the charity
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Name of person (or body)
Dates acted if not for
Trustee name Office (if any) entitled to appoint trustee
whole year
(if any)
1 Justin Caldwell Chair of trustees
2 Joy Hughes
3 Elizabeth Baker
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees – names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole
year
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Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Justin Caldwell Position (eg Chair of Trustees Secretary, Chair, etc)
Date 27 Oct. 21
Charity Number 1180862
THE GREYHOUND SHOP
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2021
THE GREYHOUND SHOP
CONTENTS YEAR ENDED 31 JANUARY 2021
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Annual chairperson's report | 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 7 |
THE GREYHOUND SHOP
page 1
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1180862
PRINCIPAL OFFICE
952 Wimborne Road Bournemouth Dorset BH9 2DG
TRUSTEES
J Caldwell E C Baker R J Hughes
INDEPENDENT EXAMINER
Phillip J Polden FCCA Brett Pittwood Chartered Certified Accountants Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY
THE GREYHOUND SHOP
page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF THE GREYHOUND SHOP
I report on the financial statements of The Greyhound Shop for the year ended 31 January 2021 which comprise the statement of financial activities, balance sheet and related notes on pages 4 to 7. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of trustees and examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity's trustees consider that an audit is not required for this year.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 accounts to be reached.
. . . . . . . . . . . . . . . . . . . . . . . . . .
Phillip J Polden FCCA Chartered Certified Accountant Brett Pittwood Chartered Certified Accountants Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY
. . . . . . . . . . . . . . . . . . . . . . . . . . Date
THE GREYHOUND SHOP
page 4
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JANUARY 2021
| INCOMING RESOURCES Incoming resources from charitable activities: Shop sales Donations Recycling income Government grants Incoming resources from generated funds: Bank account interest RESOURCES EXPENDED Direct costs: Purchases Wages and salaries Employers national insurance Pension costs Governance costs: Rent Rates Light and heat Insurance Repairs and renewals Telephone and internet Computer expenses Printing, postage and stationery Subscriptions Sundry expenses Advertising Accountancy Bookkeeping and support services Bank charges Credit card charges Depreciation NET INCOMING RESOURCES BEFORE DONATIONS Less: donations to related charities NET INCOMING RESOURCES |
2021 Unrestricted Funds 33,258 - 1,189 20,220 54,667 115 54,782 2,018 17,208 1,206 339 (20,771) 6,600 - 1,494 735 817 279 315 462 158 86 174 840 1,372 206 637 83 (14,258) 19,753 (15,071) £4,682 |
2020 Unrestricted Funds 56,482 38 56,520 111 56,631 462 16,619 1,181 256 (18,518) 6,050 492 1,433 740 1,171 621 284 971 151 140 497 840 - 307 463 99 (14,259) 23,854 (18,166) £5,688 |
2020 Unrestricted Funds 56,482 38 56,520 111 56,631 462 16,619 1,181 256 (18,518) 6,050 492 1,433 740 1,171 621 284 971 151 140 497 840 - 307 463 99 (14,259) 23,854 (18,166) £5,688 |
|---|---|---|---|
| 56,520 111 |
|||
| 56,631 (18,518) (14,259) |
|||
| 23,854 (18,166) |
|||
| £5,688 |
THE GREYHOUND SHOP
page 5
BALANCE SHEET AS AT 31 JANUARY 2021
| Note FIXED ASSETS 4 CURRENT ASSETS Debtors 5 Bank current account Cash CREDITORS: amounts falling due within one year Creditors and accruals 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: amounts falling due after one year Unsecured loan NET ASSETS RESERVES Unrestricted funds: Surplus brought forward Surplus for the year Surplus carried forward |
1,029 16,516 167 £17,712 1,809 £1,809 |
2021 467 15,903 |
485 11,541 142 £12,168 1,030 £1,030 |
2020 550 11,138 |
|
|---|---|---|---|---|---|
| 11,688 (6,000) |
|||||
| £5,688 | |||||
| - 5,688 |
|||||
| £5,688 |
These financial statements were approved by the Trustees on . . . . . . . . . . . . . . . . . . . and signed on its behalf by:
. . . . . . . . . . . . . . . . .
J Caldwell Chair of Trustees
THE GREYHOUND SHOP
page 6
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2021
1. ACCOUNTING POLICIES
a) Accounting convention
The financial statements are prepared under the historical cost convention and the Charities Acts. They follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in 2005, and comply with Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 1993.
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
b) Incoming resources
All income apart from donations is included in full in the financial statements when receivable. Donations are included when received.
c) Resources expended
Resources expended, including irrecoverable VAT, are recognised in the year in which they are incurred.
Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
d) Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method Furniture and equipment 15% reducing balance
2. TRUSTEES' EMOLUMENTS
Neither the trustees nor any persons connected with them have received remuneration during the year. No expenses have been reimbursed to the trustees during the year.
3. INDEPENDENT EXAMINER
Accountancy fees includes a provision of £840 in respect of the preparation and the independent examination of these financial statements. No other financial services were provided by the independent examiner.
THE GREYHOUND SHOP
page 7
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2020
4. FIXED ASSETS
| Cost As at 1 February 2020 Additions As at 31 January 2021 Depreciation As at 1 February 2020 Charge for the year As at 31 January 2021 NET BOOK VALUE AS AT 31/01/21 5. DEBTORS Other debtors 6. CREDITORS AND ACCRUALS PAYE Accountancy and independent examination fees |
Furniture & Equipment - 646 |
|---|---|
| 646 | |
| - 96 |
|
| 96 | |
| 550 | |
| 2020 £485 |
|
| 190 840 |
|
| £1,030 |
7. RELATED PARTY TRANSACTIONS
During the year the charity made payments to a trustee for bookkeeping and support services amounting to £1,372.
Charity Number 1180862
THE GREYHOUND SHOP
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 2021
THE GREYHOUND SHOP
CONTENTS YEAR ENDED 31 JANUARY 2021
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Annual chairperson's report | 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 7 |
THE GREYHOUND SHOP
page 1
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
1180862
PRINCIPAL OFFICE
952 Wimborne Road Bournemouth Dorset BH9 2DG
TRUSTEES
J Caldwell E C Baker R J Hughes
INDEPENDENT EXAMINER
Phillip J Polden FCCA Brett Pittwood Chartered Certified Accountants Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY
THE GREYHOUND SHOP
page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES ON THE UNAUDITED FINANCIAL STATEMENTS OF THE GREYHOUND SHOP
I report on the financial statements of The Greyhound Shop for the year ended 31 January 2021 which comprise the statement of financial activities, balance sheet and related notes on pages 4 to 7. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of trustees and examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
The charity's trustees consider that an audit is not required for this year.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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 accounts to be reached.
. . . . . . . . . . . . . . . . . . . . . . . . . .
Phillip J Polden FCCA Chartered Certified Accountant Brett Pittwood Chartered Certified Accountants Suite 8 Bourne Gate 25 Bourne Valley Road Poole Dorset BH12 1DY
. . . . . . . . . . . . . . . . . . . . . . . . . . Date
THE GREYHOUND SHOP
page 4
STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 JANUARY 2021
| INCOMING RESOURCES Incoming resources from charitable activities: Shop sales Donations Recycling income Government grants Incoming resources from generated funds: Bank account interest RESOURCES EXPENDED Direct costs: Purchases Wages and salaries Employers national insurance Pension costs Governance costs: Rent Rates Light and heat Insurance Repairs and renewals Telephone and internet Computer expenses Printing, postage and stationery Subscriptions Sundry expenses Advertising Accountancy Bookkeeping and support services Bank charges Credit card charges Depreciation NET INCOMING RESOURCES BEFORE DONATIONS Less: donations to related charities NET INCOMING RESOURCES |
2021 Unrestricted Funds 33,258 - 1,189 20,220 54,667 115 54,782 2,018 17,208 1,206 339 (20,771) 6,600 - 1,494 735 817 279 315 462 158 86 174 840 1,372 206 637 83 (14,258) 19,753 (15,071) £4,682 |
2020 Unrestricted Funds 56,482 38 56,520 111 56,631 462 16,619 1,181 256 (18,518) 6,050 492 1,433 740 1,171 621 284 971 151 140 497 840 - 307 463 99 (14,259) 23,854 (18,166) £5,688 |
2020 Unrestricted Funds 56,482 38 56,520 111 56,631 462 16,619 1,181 256 (18,518) 6,050 492 1,433 740 1,171 621 284 971 151 140 497 840 - 307 463 99 (14,259) 23,854 (18,166) £5,688 |
|---|---|---|---|
| 56,520 111 |
|||
| 56,631 (18,518) (14,259) |
|||
| 23,854 (18,166) |
|||
| £5,688 |
THE GREYHOUND SHOP
page 5
BALANCE SHEET AS AT 31 JANUARY 2021
| Note FIXED ASSETS 4 CURRENT ASSETS Debtors 5 Bank current account Cash CREDITORS: amounts falling due within one year Creditors and accruals 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: amounts falling due after one year Unsecured loan NET ASSETS RESERVES Unrestricted funds: Surplus brought forward Surplus for the year Surplus carried forward |
1,029 16,516 167 £17,712 1,809 £1,809 |
2021 467 15,903 |
485 11,541 142 £12,168 1,030 £1,030 |
2020 550 11,138 |
|
|---|---|---|---|---|---|
| 11,688 (6,000) |
|||||
| £5,688 | |||||
| - 5,688 |
|||||
| £5,688 |
These financial statements were approved by the Trustees on . . . . . . . . . . . . . . . . . . . and signed on its behalf by:
. . . . . . . . . . . . . . . . .
J Caldwell Chair of Trustees
THE GREYHOUND SHOP
page 6
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2021
1. ACCOUNTING POLICIES
a) Accounting convention
The financial statements are prepared under the historical cost convention and the Charities Acts. They follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice' issued in 2005, and comply with Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 1993.
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
b) Incoming resources
All income apart from donations is included in full in the financial statements when receivable. Donations are included when received.
c) Resources expended
Resources expended, including irrecoverable VAT, are recognised in the year in which they are incurred.
Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
d) Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class Depreciation method Furniture and equipment 15% reducing balance
2. TRUSTEES' EMOLUMENTS
Neither the trustees nor any persons connected with them have received remuneration during the year. No expenses have been reimbursed to the trustees during the year.
3. INDEPENDENT EXAMINER
Accountancy fees includes a provision of £840 in respect of the preparation and the independent examination of these financial statements. No other financial services were provided by the independent examiner.
THE GREYHOUND SHOP
page 7
NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JANUARY 2020
4. FIXED ASSETS
| Cost As at 1 February 2020 Additions As at 31 January 2021 Depreciation As at 1 February 2020 Charge for the year As at 31 January 2021 NET BOOK VALUE AS AT 31/01/21 5. DEBTORS Other debtors 6. CREDITORS AND ACCRUALS PAYE Accountancy and independent examination fees |
Furniture & Equipment - 646 |
|---|---|
| 646 | |
| - 96 |
|
| 96 | |
| 550 | |
| 2020 £485 |
|
| 190 840 |
|
| £1,030 |
7. RELATED PARTY TRANSACTIONS
During the year the charity made payments to a trustee for bookkeeping and support services amounting to £1,372.