Q>mpany registration number: 14427285 Charity registration number.. 1204143 The Sheffield Retired Greyhounds Limited ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the period ended 31 October 2024
The Sheffield Retired Greyhounds Limited Contents Page Legal and administrative information Directors, report (incorporating the Trustees, annual report) Independent examiner's report Statement of financial activities Balance sheet Notes to the accounts 8-12
The Sheffield Retired Greyhounds Limited Legal and administrative information Forthe period ended 31 Ortober 2024 Registered Charity Number 1204143 Registered Company Number 14427285 Direttors (Trustees) Matthew Hamilton Kevin Hodson Helena Wrigglesworth Philip Stent Appointed 1511112024 Resigned 1511112024 Registered Office The Sheffield Retired Greyhounds Limited Rotherham Gate Lodge Howbrook Lane Wortlev Sheffield S35 7EH Accountants Seven Hills Accountants Limited 57 8urton Street Sheffield 56 2HH
The Sheffield Retired Greyhounds Limited Dirertors, report {incorporating the Trustees, annual report) Forthe period ended 31 Ortober 2024 The trustees are pleased to present their annual directors, report together with the financial statements of the charity for the period ending 31 October 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2(x)6, the Memorandum and Articles of Association, and the 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 1021 issued in October 2019. Structurei governance and management The charity is a charitable company limited by guarantee and was incorporated on 1811012022. It is Eoverned by a memorandum and articles of association. The Company was registered as a charity on 28107123. Overall management of the charity is the responsibility of the trustees who are appointed under the terms of the governing document. Objectives The objects of the Charity are to provide relief of suffering and distress of greyhounds retired from racing, including, but not limited to, the following= Providing veterinary attention and treatment for those greyhounds who require it,. Providing sanctuary for retired or unwanted greyhounds, including those with medical or behavioural issues,. Arranging careful and responsible re-hominE of greyhounds. When planning the activities forthe year the charity has considered the Charity Commissions guidance on public benefit and, in particular, the specific guidance on charities for the advancement o* animal welfare. Review of activities Carrying on from the previous year the rehoming of the retired Greyhounds has been extremely successful, and cost have been further reduced through the marketing of the breed and homing centre combined with operational adjustments and the work of the staff in homing and looking after the greyhounds in our care. We have held many events which have allowed those in our community the ability to connect with those of similar interests and meet all our retired dogs which aid greatly for those who may be lookirbg for a little bit more companionship in their lives.
The Sheffield Retired Greyhounds Limited Dirertors, report {incorporating the Trustees, annual report) Forthe period ended 31 Ortober 2024 Going Concern Review Consistency in fundraising has seen the financial side being much more supportive in the allowance of what activities and marketing can be done to further increase the homing centres reach and target audience. The Stadium continues to provide support the homing centre. The Stadium supports the rehoming of the Greyhounds as a moral duty and a thank you to the service the Greyhounds have provided them with. There is a debt outstanding to the Stadium but there is no requirement or date to payback outside of our means and there is no interest or penalties attached. The Sheffield Retired Greyhounds have aEreed to pay instalments at intervals where the operation is not affected in anyway. Reserves Policy The charity policy on holding reserves is to hold enough money to cover all and any vet requirements for the 28 Greyhounds in our care. Unforeseen medical issues that become evident with the Greyhounds through genetics or age are the biggest and continued expense. We have a policy where all the Greyhounds will receive the maximum level of care we are able to provide and the current reserve position facilitates this. Wages are not applicable therefore redundancy and staffing costs are not a consideration. We intend to over the next 12 months continue to repay the debt to the stadium as per the terms outlined in the going concern review and to build up our free reseNes to the target level of £30,000. At the end of the current financial year the level of free reserves (not including the amounts due to the stadium for wages) is a deficit of £79,00812023'. £43,236) lexcluding long term liabilities). Trustees, responsibilities in relation to the financial statements The charity trustees Iwho are also the directors of the charity for the purposes of company lawl are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relatinE to small companies. Company law requires the charity trustees to prepare financial statements for each period which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to= Select suitable accounting policies and then apply them consistently,. Observe the methods and principle5 in the Charities SORP- Make judgements and estimates that are reasonable and prudent,. State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Sheffield Retired Greyhounds Limited Direttors, report (incorporating the Trustees, annual report) For the period ended 31 October 2024 Trustees, responsibilities in relation to the financial statements (continued) The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Small company provisions This report has been prepared in accordance with the special provisions relatinE to small companies, subject to the small companies, regime within Part 15 of the Companies Act 2006. Approved by the board on 1110712025 and signed on its behalf by.. M Hamilton Trustee
Independent Examinerfs report to the Trustees of The Sheffield Retired Greyhounds Limited I'the CompanV) I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 October 2024. Responsibilities and ba515 of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. HavinB satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit5 accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l- In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independentexaminerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Signed.. Susan Cochrane, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH Date= 15 Jul 2025
The Sheffield Retired Greyhounds Limited Statement of Financial Activities (incorporating an intorne and expenditure statement) for the year ended 31 October 2024 Unrestritted fund5 2024 Unrestricted Funds 2023 Notes Income from: Donations Charitable activities Other trading activities 27,745 57,800 74,437 29,713 59,170 83,840 Total Income 159,982 172.723 Expendlture on: Raising fund5 Charitable activities 12,521 183,233 11,952 236.294 Total expendlture 195,754 248.246 Net Incomellexpendlturel 135,7721 175.5231 Total fund brought forward 175,5231 Total funds carrled forward 1111,2951 175,5231 The statement of financial activities includes all Éains and losses recognised in the period. All gains and losses in the period relate to unrestricted artivities.
The Sheffield Retired Greyhounds Limited Balante Sheet as at 31 October 2024 2024 2023 Notes Current assets Stocks Cash at bank and in hand Total current assets li 2,026 35,535 37,561 1,554 39,241 4D,795 Creditors.. amounts falling due within one year 12 1116,5691 184,0311 Net current a55ets 179,0081 143,2361 Total assets less current liabilities 179,0081 143,2361 Creditors.. amounts falling due after more than one year 13 132,2871 132,2871 Total net assets 1111,2951 175,5231 Funds of the Charlty Unrestricted funds 1111,2951 175,5231 Total funds 1111,2951 175.5231 For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director's acknowledge their responsibilitie5 for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in acctsrdanee with the provisions applicable to tompanies subject to small tompanies, regime and in accordance with FRS102 SORP The financial statements were approved and authorised for issue by the Board on 1110712025 nd signed on its behalf by.. M Hamilton Trustee
The Sheffield Retired Greyhounds Lirnited Notes to the Accounts for the perlod ended 31 October 2024 l A¢countin8 Policies lal General The Sheffield Retired Greyhounds Limited is a charitable company in the United Kingdom limited by guarantee. In the event that the charity is wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page l of these financial statements. The financial statements have been prepared in accordance with the Statement tsf Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFR51021 and with the Charities Act 2011. The financial statements have taken advantage ol the exemption to prepare a Statement of Cash Flows. The Sheffield Retired Greyhtsunds Limited meets the definition of a public benefit entity under FRS 102. The financial Statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £. Ibl Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met, it 15 probable that the income will be received and the amount can be measured reliablv. Income from dog welfare, adoption and homing, included in charitable activities, is recognised when a greyhound has been successfully rehomed. Income from Greyhound Board of Great Britain Bond, included in charitable activitie5, 15 recogni5ed when a greyhound is taken in for rehomin8 by the Charity. Icl Expendlture 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. Irrecoverable VAT 15 charged as a cost against the activity for which the expenditure was incurred. Idl Stock Stocks are valued at the lower of c05t and net reali5able value, after making due allowance for ob501ete and slow moving items. lel Trade debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original If) Trade creditors Trade creditors are obligation5 to pay for good5 or Services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there 15 an unconditional right to defer settlement for at least twelve month5 after the reporting date, they are presented a5 non-
The Sheffield Retired Greyhounds Lirnited Notes to the Accounts- eontlnued for the perlod ended 31 October 2024 181 Cash and cash equivalents Cash and cash equivalent5 comprise cash on hand and call deposit5, and other short-terrn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Ihl Taxation As a charity, The Sheffield Retired Greyhounds Limited is exempt from tax on income and gains falling withing the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. lil Going conrn The financial statements have been prepared on a going concern basis 35, due to the support of Sheffield Sports Stadium Limited, the trustees believe that the charity will continue to operate for 12 months from authorising these financial 2 Income from donations Unrestricted Unrestricted funds funds 2024 2023 Donations Sponsorship 26,785 960 28,353 1,360 3 Income from charitable activitie5 Unrestricted Unrestricted funds fund5 2024 2023 Dog welfare, adoption and homing Greyhound Board of Great Britain bond 21,000 36,800 24,370 34,800 4 Income from other trading activitie5 Unrestricted Unrestricted funds funds 2024 2023 Merchandise sales Grooming services Fundraising events 14,435 200 59,802 20,955 62,885 74,437 83,840
The Sheffield Retired Greyhounds Lirnited Notes to the Accounts- continued for the period ended 31 Ortober 2024 5 Expenditurè on raising funds Unrestricted Unrestricted funds funds 2024 2023 Staging fundraising events Purchase of shop Stock 1,151 11,370 1,237 10,715 12,521 11,952 6 Expendlture on Charltable Actlvltles Unrestricted Unrestricted funds funds 2024 2023 Note Staff cost5 Kennelling Activities Veterinary Fees Grooming services Repairs & renewals to equipment Support costs.. Website development Office costs Advert15ing cost5 8ank charges Governance costs.. Professional fees Independent examination fee 106,132 49,401 10,337 2,925 1,682 144,051 58,476 19,160 2,970 1,293 3,816 2,154 321 1,107 883 531 4,215 957 8.102 1,014 183 233 236 294 io
The Sheffield Retired Greyhounds Lirnited Notes to the Accounts- eontlnued for the perlod ended 31 October 2024 7 Staff costs Unrestricted Unrestricted funds funds 2024 2023 Staff costs 106 132 The staff costs are recharges from SSSL for 5 members of staff whose roles include completing duties for the Charity. 8 Trustee remuneratlon and expenses, and the cost of key management personnel The charity trustees were not paid or did not receive any other benefits from employment in the year . No trustee5 were reimbursed any out of pocket expenses during the year. No charity trustee received payment for professional or other services supplied to the charity. The key management personnel of the charity comprise the trustees. The total employee benefit5 of the key management personnel was £nil. 9 Rèlated Party Transadions The activities of the charity were previously undertaken as a branch of The Greyhound Trust, charity number 269688. On 31105/2022 the assets and liabilities of the branch were transferred to The Sheffield Sports Stadium Limited ISSSLI under the term5 of a settlement agreernent. dated 01/0912022. SSSL then loaned The Sheffield Retired Greyhounds Limited (the Charity) the value of the a55ets, £32.287, which w35 equal to the value of the bank account as at 0110612022 . No interest 15 due on this amount and they will only be re-paid when the charity can afford to do so. This amount is included as a long term creditor. During the year. SSSL a company of which one of the trustees is an employee. and who owns the premises ènd provides the Staff that enable5 the Charity to operate, charged the Charity E106,13212023.. £144,051) for the provision of starf. At the year end £112,85212023'. £82,867) was due to SSSL in respect of these charges. It has been 38reed that these amounts will be repaid to SSSL intermittently so as not to damage the finances of the Charity. The Charity is independent frorn SSSL and the trustees are free to act in the best interest of the Charity. The use of the SSSL staff, premises and equipment is agreed with no attached conditions. 10 Fees to the Independent examlner's or8anlsatlon 2024 2023 Independent examination fee 957 Nts other fee5 were payable to the independent exèminer's organi5ation. li
The Sheffield Retired Greyhounds Lirnited Notes to the Accounts- eontlnued for the perlod ended 31 October 2024 11 Stock 2024 2023 Goods held for resale 2,026 1,554 12 Credltors.. amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals 103,646 12,923 84,031 116,569 84,031 13 Credltors.. amounts falllng due In more than one year 2024 2023 Other creditor 14 Net 355ets by fund Unrestricted funds Total 2024 Current assets Creditors due within one year Creditors due in more than one year 37,561 1116,5691 132,2871 37,561 1116,5691 132,2871 1111,2951 1111,2951 Prioryear comparative Unrestricted Total 2023 fvnds Current ossets Creditors due within one year Creditors due more thon one yeor 40,795 184,0311 132,287) 40,795 184,031) 132,287) 175,523) 175,523) 12