## **Company registration number: 14427285 Charity registration number: 1204143**
## **The Sheffield Retired Greyhounds Limited**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**For the period ended 31 October 2025**
**The Sheffield Retired Greyhounds Limited**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Directors’ report (incorporating the Trustees’ annual report)|2- 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the accounts|8 - 12|
## **The Sheffield Retired Greyhounds Limited**
## **Legal and administrative information For the period ended 31 October 2025**
## **Registered Charity Number**
1204143
## **Registered Company Number**
14427285
## **Directors (Trustees)**
Matthew Hamilton Kevin Hodson Helena Wrigglesworth Appointed 15/11/2024 Philip Stent Resigned 15/11/2024
## **Registered Office**
The Sheffield Retired Greyhounds Limited Rotherham Gate Lodge Howbrook Lane Wortley Sheffield S35 7EH
## **Independent Examiners**
Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
1
## **The Sheffield Retired Greyhounds Limited**
## **Directors’ report (incorporating the Trustees’ annual report) For the period ended 31 October 2025**
The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the period ending 31 October 2025 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 2006, 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 102) issued in October 2019.
## **Structure, governance and management**
The charity is a charitable company limited by guarantee and was incorporated on 18/10/2022. It is governed by a memorandum and articles of association. The Company was registered as a charity on 28/07/23.
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-homing of greyhounds.
When planning the activities for the year the charity has considered the Charity Commissions guidance on public benefit and, in particular, the specific guidance on charities for the advancement of animal welfare.
## **Review of activities**
Another year on year improvement on the amount of Dogs being rehomed through the kennels and an external campaign using social media and our website has seen off site dogs being rehomed much quicker too.
We have had some generous donations this year and we can’t thank everyone who took the time to help, donate or push the word of Sheffield Retired Greyhounds enough!
We have held some open days to help generate interaction with our followers which have been hugely successful in getting new volunteers, new adopters and new donators. Our volunteers who have stuck by us the past few years have assisted with almost every aspect of the homing process and a huge thank you goes out to them, and we hope to continue the fantastic relationship we have with them.
Our fundraising has been year on year one of the best and it’s thanks to the Stadium facility that this is the case, we will continue this relationship for the foreseeable future.
2
**The Sheffield Retired Greyhounds Limited**
## **Directors’ report (incorporating the Trustees’ annual report) For the period ended 31 October 2025**
## **Going Concern Review**
The Sheffield Retired Greyhounds has now been streamlined and has stringent policies and procedures in place which has benefited the operation and finances enabling us to carry much more higher profile fundraising and gatherings providing a positive safe environment for community members and highlighting the retired Greyhounds requiring rehoming.
The Stadium continues to provide support whenever required and for whatever reason. 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 agreed 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.
After monitoring expenses and costs over the past few years it is deemed reasonable to maintain a reserve of around £25,000 at any time during the financial year.
At the end of the current financial year the level of free reserves is a deficit of £54,253 (2024: £79,008) (excluding long term liabilities).
## **Trustees’ responsibilities in relation to the financial statements**
The charity trustees (who are also the directors of the charity for the purposes of company law) 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 relating 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 principles 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.
3
## **The Sheffield Retired Greyhounds Limited**
## **Directors’ report (incorporating the Trustees’ annual report) For the period ended 31 October 2025**
## **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 relating to small companies’ subject to the small companies’ regime within Part 15 of the Companies Act 2006.
Approved by the board on 29/06/2025
and signed on its behalf by:
**M Hamilton Trustee**
4
**Independent Examiner’s report to the Trustees of The Sheffield Retired Greyhounds Limited (“the Company”)**
I report to the charity trustees on my examination of the accounts of the Company for the period ended 31 October 2025.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s 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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. 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 (FRS 102).
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.
Susan Cochrane, FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
29/06/2025
5
## **The Sheffield Retired Greyhounds Limited**
## **Statement of Financial Activities (incorporating an income and expenditure statement) for the year ended 31 October 2025**
|Unrestricted
funds
2025
**Notes**
£
**Income from:**
Donations and legacies
**2**
114,605
Charitable activities
**3**
58,480
Other trading activities
**4**
73,248
**Total income**
246,333
**Expenditure on:**
Raising funds
**5**
25,739
Charitable activities
**6**
195,839
**Total expenditure**
221,578
**Net income/(expenditure)**
24,755
**Total fund brought forward**
(111,295)
**Total funds carried forward**
(86,540)|Unrestricted
Funds
2024
£
27,745
57,800
74,437
159,982
12,521
183,233
195,754
(35,772)
(75,523)
(111,295)|
|---|---|
The statement of financial activities includes all gains and losses recognised in the period.
All gains and losses in the period relate to unrestricted activities.
6
## **The Sheffield Retired Greyhounds Limited**
## **Balance Sheet**
## **as at 31 October 2025**
|**Notes**
**Current assets**
Stocks
**11**
Debtors
**12**
Cash at bank and in hand
**Total current assets**
Creditors: amounts falling due within one year
**13**
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more than one year
**14**
**Total net assets**
**Funds of the Charity**
Unrestricted funds
**15**
**Total funds**|2025
£
2,500
20,400
54,005
76,905
(131,158)
(54,253)
(54,253)
(32,287)
(86,540)
(86,540)
(86,540)|2024
£
2,026
-
35,535
37,561
(116,569)
(79,008)
(79,008)
(32,287)
(111,295)
(111,295)
(111,295)|
|---|---|---|
For the period ending 31 October 2025 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 director's acknowledge their responsibilities 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 accordance with the provisions applicable to companies subject to small companies' regime and in accordance with FRS102 SORP
The financial statements were approved and authorised for issue by the Board on 29/06/2025 and signed on its behalf by:
M Hamilton Trustee
7
**The Sheffield Retired Greyhounds Limited**
## **Notes to the Accounts**
## **for the period ended 31 October 2025**
## **1 Accounting Policies**
## **(a) 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 1 of these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and with the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cash Flows.
The Sheffield Retired Greyhounds 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 £.
## **(b) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
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 activities, is recognised when a greyhound is taken in for rehoming by the Charity.
## **(c) Donated facilities**
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## **(d) Expenditure**
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 is charged as a cost against the activity for which the expenditure was incurred.
## **(e) Stock**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **(f) 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
## **(g) Trade creditors**
Trade creditors are obligations to pay for goods 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 is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-
8
**The Sheffield Retired Greyhounds Limited**
## **Notes to the Accounts - continued for the period ended 31 October 2025**
## **(h) Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **(i) 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.
## **(j) Going concern**
The financial statements have been prepared on a going concern basis as, 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**
|Donations
Legacies
Sponsorship
Donated facilities
**Income from charitable activities**
Dog welfare, adoption and homing
Greyhound Board of Great Britain bond
**Income from other trading activities**
Merchandise sales
Grooming services
Fundraising events|Unrestricted
funds
2025
£
70,186
28,039
880
15,500
114,605
Unrestricted
funds
2025
£
20,700
37,780
58,480
Unrestricted
funds
2025
£
14,186
162
58,900
73,248|Unrestricted
funds
2024
£
26,785
-
960
-
27,745
Unrestricted
funds
2024
£
21,000
36,800
57,800
Unrestricted
funds
2024
£
14,435
200
59,802
74,437|
|---|---|---|
## **3 Income from charitable activities**
## **4 Income from other trading activities**
9
## **The Sheffield Retired Greyhounds Limited**
## **Notes to the Accounts - continued**
## **for the period ended 31 October 2025**
## **5 Expenditure on raising funds**
|Staging fundraising events
Purchase of shop stock
**Expenditure on Charitable Activities**
**Note**
Staff costs
**7**
Kennelling Activities
Veterinary Fees
Grooming services
Repairs & renewals to equipment
Support costs:
Website development
Office costs
Advertising costs
Bank charges
Governance costs:
Professional fees
Independent examination fee|Unrestricted
funds
2025
£
3,865
21,874
25,739
Unrestricted
funds
2025
£
93,963
64,727
12,001
-
1,116
4,452
2,340
9,952
496
5,367
1,425
195,839|Unrestricted
funds
2024
£
1,151
11,370
12,521
Unrestricted
funds
2024
£
106,132
49,401
10,337
2,925
1,682
1,293
3,816
2,154
321
4,215
957
183,233|
|---|---|---|
- **6 Expenditure on Charitable Activities**
10
**The Sheffield Retired Greyhounds Limited**
## **Notes to the Accounts - continued for the period ended 31 October 2025**
## **7 Staff costs**
|Staff costs|Unrestricted
funds
2025
£
93,963|Unrestricted
funds
2024
£
106,132|
|---|---|---|
The staff costs are recharges from SSSL for 5 members of staff whose roles include completing duties for the Charity.
## **8 Trustee remuneration 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 trustees 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 benefits of the key management personnel was £nil.
## **9 Related Party Transactions**
The activities of the charity were previously undertaken as a branch of The Greyhound Trust, charity number 269688. On 31/05/2022 the assets and liabilities of the branch were transferred to The Sheffield Sports Stadium Limited (SSSL) under the terms of a settlement agreement, dated 01/09/2022.
SSSL then loaned The Sheffield Retired Greyhounds Limited (the Charity) the value of the assets, £32,287, which was equal to the value of the bank account as at 01/06/2022 . No interest is 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 pays for the rental on the premises and provides the staff that enables the Charity to operate, charged the Charity £93,963 (2024: £106,132) for the provision of staff. The charges in lower than previous years due to credit notes raised for charges recognised in earlier periods.
At the year end £126,825 (2024: £112,852) was due to SSSL in respect of these charges.
It has been agreed that these amounts will be repaid to SSSL intermittently so as not to damage the finances of the Charity. The Charity is independent from 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 examiner's organisation**
|Independent examination fee|2025
£
1,425|2024
£
957|
|---|---|---|
No other fees were payable to the independent examiner's organisation.
11
**The Sheffield Retired Greyhounds Limited**
## **Notes to the Accounts - continued for the period ended 31 October 2025**
|**11 Stock**
Goods held for resale
**12 Debtors**
Other debtors
**13 Creditors: amounts falling due within one year**
Trade creditors
Accruals
**14 Creditors: amounts falling due in more than one year**
Other creditor
**15 Net assets by fund**
Current assets
Creditors due within one year
Creditors due in more than one year
_Prior year comparative_
_Current assets_
_Creditors due within one year_
_Creditors due in more than one year_|2025
£
2,500
2025
£
20,400
2025
£
116,285
14,873
131,158
2025
£
32,287
Unrestricted
funds
£
76,905
(131,158)
(32,287)
(86,540)
_Unrestricted_
_funds_
_£_
_37,561_
_(116,569)_
_(32,287)_
_(111,295)_|2024
£
2,026
252
£
-
2024
£
103,646
12,923
116,569
2024
£
32,287
Total
2025
£
76,905
(131,158)
(32,287)
(86,540)
_Total_
2024
_£_
_37,561_
_(116,569)_
_(32,287)_
_(111,295)_|
|---|---|---|
12