RE(4STERED CHARITY MUIOBERS: 219688 and SC044047 Annual Report and Flnanclal Statements for the Year Ended 31 December 2021 for GREYHOUND TRUST Ha￿eS Watts (Clty) LLP Statutory Auditor New Den¥ent House 6¢&73 Theobddg Road WC1X 8TA for th• ywr •nd•d 31 D•¢•Trkn 2021 P•9• R•port olth• Trn*t•• 2 to 8 R•port of th• Ind•p•nd•nt A¢MlIto 9 10 11 12 13 cOn￿lIda￿d Bal¥￿ 5h••t 14 Ch•rlty 8•l•nc• Sh••t 15 17 Ch*rlty Ca•h FI¢MT St•l•n 18 19 20 to 32 R•(•r•n￿ •nd AthnInl•tMt￿* l)•tsll• for th• ￿ •nd#d 31 Doc•rnb•r 2021 Prfncl)al ￿dr* Swroy Aud*oM Flanos Watts (City) LLP 6￿73 Th8oWds Rc•d WC1X 8TA 8oll¢ltor# EC4Y ODH Bank•rn Thra8dnoe(1g Street PO Box 1000 BX11LT Pagg11 for th•y•v •nd•d 31 D•¢•Thkn 21121 The fjreyhound Trust rno¥ed to a Corporate T￿￿teeB0¥ernante strucbjre on 21 June 2018: as such the Dlrectors of Greyhound TrustTrustet Lwnited lihe Corporate Trusteel make detlsknns on behalf of the CorporateTrustee. All reference5 lo O*ectois refer to Olrettors of Greyhothnd TnJstTrustee LlrYAted 1.the Corporate Trustee"). All rÈferences to Trustees refer to the Corporate Trustee. The Trusttes present their report wth the financ*1 statements of thè tharity for the year ended 31 December 2021. The TNstees have adoptèd the proylsions of Accounting and Rqxirtin8 by Charities.. Statement of Recommended Prartice applicable to tharitiÈS pr•paringtheir accounts in accordance wlth the Financlèl Reportlng Standard appllcable the UK and Republlc of Ireland IFRS 1021 leffettive ljanuary 20191. Objectlve5 and a¢tivltle$ Greyhound Trust wa5 established as an Independent tharity by the 8reyhound racing industry in 1975 to home retired rating 8rtyhounds. Since its forrnation. the charlty has homed well over I25.0￿ retired racin8 8reyhounds and homed 2.853 ¥reyhounds In 2021. TheGreyhound Trustvision is"a day whènallrncinKgreyhound5 retireto lo¥kn¢homes and aretreated with compassSon and kindne55'. We are •rtlve mernbers of the UKGreYl￿￿nd and InlernatlrMMI GreyhoupKI Welfare Forum: providlng opportunities to Èn8a8e with rÈlevant stakeholders and contribute to the developrneni of ￿leVant polScy. In lfjne v*ith our obleettve Greyhound Twst operatt an induskle approach we work with a tthde iroup of stakeholders,. includin8 welfare charitle5. horning organisatSons and those involved wlth and repTe5entinB the ereyhound racin8 industry. We belleve that thts #KlusNe approach rnaximises the ￿sItiVe impart for thertreyhounds that we seek to help. Our missthi is to provide bright future5 and lovin8 for retired racI￿greYhoUnds, by.. Helping greyhounds tra￿￿tion from racing and Matchi￿ them to homes where they will thrbve in their retlrement, and.. Carin8 for and re-homing other irthounds in need. and: p￿dIng P05t adoptlon support to the suttess of ea(h greylwnd hcrfned. We further our charitable oblectl¥es and ensure ourdirect public benefit ￿. Faeilitailngthe homln8 of retired 8reyl¥)unds via our NatK>nal Branth rtetworK' R?i5ing the profile of greyhound5 retiringfrom racin8 and prom9tw￿ their suitability as pets and tompanlons,. Workin8 wlth other charitable orKani5atiLiis to proiiwte 8reythound welfare and find sultsble homès for gI￿ounds. Facilitating posstNe hurnan impacts by fatilitatin8 wAunteerin& Èducatlonal and therapeutic outreach usin8 greyhound5 5Urtable for experlence5 With thildren. the ek*rly. those ￿th additional lspeclal needs and those who are unwell and terminally ill. PukAlc beneflt underpins the Charivs Wofk and al d￿ritable Directo￿ ha¥e due regard tts the Charity Commi5s10n'5 public benefrt guidance when they exercisè relevani and duties. Athlevement and performance The Board of DlrectOTs and Senior Management Team wish to record our thank5 to a115taff. volunteers and supporters lor their tommltment and support to Greyhound Tnjst and the 8reyhwnd5 in our care durir¥J such a challenglng and U￿ert4th year, which was si8nificantly impacted bY￿d-19. Page12 The hDmin¥ 5ucce5s of 2021 was possibk only because of the commitrnent and Contrib￿lon of the remarkable Greyhound Trust volunieevs. the contlrtwl 8t￿rositY of our supporters and the hard w￿rk and dlligence of Qui National Support Team. The Tnjst homed 2.853 retired rarinB greyhound5 throuBh our branth networi supported by around 800 volunteers. Thls equates to eight greyhovnds finding a home èath and every day throughout 2021. The Founders Award for 2021 The Branch cate80ry has this year been awarded jointty tts Greyhound Trust Hall Green and Greyhound Trust Mersey nd Cheshire. asth¢ B¢ardfelt both had achie¥ed so much andaSt￿ ￿asonS1orthe1T nominations were guitedlfferenL it was fell that both 8ranches deserved spedal recognition. The Indivldual cate80ry thls ￿ar has been awarded to Sheena Pitt frwi GreYthoUr￿ Trust Mersey and Cheshire. Pag•13 Flnanclal revlew A5 a charlty we are entyrely ¢Jependent ¢x) voluntary contributions to cover the tost of all Greyhound TTUSt activitie5. and are extremely Irateful to the many thousands of thèt supported our vital work in 2021. by makl donation, pledging a legacy. hOTr￿n8 a greyhound ry helpin8 U5 raise awarene5S that greyhound5 make great pets. The tharity received signiffcantty reduced irmme from the Greylwnd Raung Industry in 2021 which Is further explored in thls report. Despite the thallen8es that C0¥4d-19 broughi the Charity. thank5 to thecornmitmen( unwaverin8 dedication and sheer hafd work of staff, trustees and volunteets throughout thts time, as we continued to deal with the impact of the pandernic and rnoving back towards a non c￿l-l9 driven operating model. Sumrtmry of the results for the year and the resources depknyed at 31 December 2021 is as follows.. 2020 Totsl Income 3.678￿27 3,533.471 Charitable acdvitles Cost of 8eneratln8 funds Cost of sales trading entlty Admin expendlture oftrading subsidiary 2.732.010 108.960 167,541 40.512 2.756,￿0 78.782 142.494 39,948 Net movement Of funds 629.804 516.187 IDecreasellinuea5e In value of investThnts IL5LIO 17,395 Total funds at I lonuary 2021 Net intrease in fvnds Totalfunds at 31 Oettmber 2021 5,168,096 641.304 5.809.4(KI 4,634,514 S33,582 5.168,096 E¥pendSture for the year including all vderheads was E3.049m. whkh faciliiated the P￿rning of 2.853 retired racin8 greyhounds. It is difficuk to indicate an estimate for the c05t of hom*)g a greyhound, a5 costs vary Significantly depending on the medical. welkning and behawour rbeeds of each greyhound. The trude high level average of £1,069 perdog leXpendfcu￿ dlvided bythe number of dog5 horned) rellects the complexity ofthe activities ofGreyhound Trust where some do￿ can stay in kennels foro¥er Six mwth5 aNI others may need expensNe medical treatment. 11 is not unexpected that the financials of the 202L a partial pandemic year. *vuld show some anomalles ¥then tompared to 2020 when ihe pandemK first stsrted and the pre Covld-19 years. 2021 saw a move back to pre covid ¢perdtlng modets and as such, 2019 offers the d05e5t direct ttlmparfson ofcost per greyhound homed, accepting that 2020 was an anomaly. 12021.. f 1.069, 2020- £754, 2019.. £9481. The cost per do8 intreèse ￿ largely due to lo**r deffland for Greyhounds and le55 homing takir* place.. our cost base has rernalned broadly simllar and stable. DevElopments In our systems and data tapture means that for 2021 we have been able to calojlate more accuratelv the average Le￿￿h of slay and 2021 sawan average Ltn¢th of Stay of 67 days. Tht Fund balance at 31st December 1021 stood at £5.8(FJ,4(x)12020: £5.168.1)961 ¢OnSlSling of unrestricted funds Inon 8ranchl £5.17S.129. restrKted funds held local￿ at 8rarKh levd £534.271, and restrirted fund5 £100.￿0. The £5,17S,129 unrestritted fvnds includes r￿ed a55ets of £3.874.075. wth the remainder £1,30LO54 being othEr rentral unrestrlcted funds. Thè Trust's Wh￿￿1 tr￿ed trndin8 wbsNliary: Greh>und Events Ltd was able to gift £1,575 to the Trust cornpared with £5,680 In 2020. Page14 A•p¢xt olth• Tn¢•l• fvrth• y•ar•nd•d 31 D￿*￿bIr 2021 Reserve5 polky and objectlves The Trustee5etsa reserves PDlicyand the Board of Dirertors revlew tt. aspprcharity Commissh?nguidano. and manage the dynarnic flurtuation5 of the charity ty adhering to the guidance to "regularly rnonilor and review the effect4veness of the policy in the Ilght of the chan8in8 fundin8and financoal dirnateand other Ti5ks" This means that deci5ion5 around the feserve levels are reviewed and adapted in l•ne with the tharivs needs, ha￿ne assessed risks and benefits of different co￿r5e$ of actlon. The Charlty's reserves policy (reviewed in 20201 is to hold the equivalent of sTrx months planned expenditure (based on previousyear5 submitted accounts). but take into atcount the Charity Commission guidance in respect of managing the dynamic fluttuations artd nèÈds of the charity. Thls conts"n8ency is not intended to solely be a pot of rnoney that allows the Greyhound Trust to survive a funding cri515 for 6 months. It is to prLwid* a finarKial buffer that permits the Board to pay outstandlng debts. as5es5 the current circumstantes and deude upon the best strate8y going forward. which may bè businèss 35 Usual. or fflay Indude charwesto operatirvJ models tost b￿. Future plans Thi5 annual report,15 being wrltten at a time when Greyhound Tws¢ like many organisations, are stlll bein8 impacted bythe cov1￿19 pandemi¢. It is undear for how muth ILvyrthe impart of the pandemTrc will be felt, at what level and what the future holds In relation to a 'return to nomial., grwen the seriou5 and w*lespread challenges around the economy, Inflatlon and the c05t of living. GreyhoundTrust*xpÈtt this w•ll Impact on ourfundraising due to the Impact on our 5UPPQrters, but also on our cost base due to d•reLt Increases in tos15 of care for our GreYh￿ndS and the associated costs of IwminK. The early impact of the pandemic in 2020 p￿Pitsted char48ès kn the fundin¥ ￿CeTr￿d historically from the British GreYh￿fid Racing FuThJ {8GRFI. Whi￿1 these thanges and the phased roll out of the G8GB Greyhound Ret5rèmènt Scheme IGRSI creaied Some thallervdes forthe Trust In 2020. we expected that these thallen$ès would contlnue to be fett in 2021 as the chan8e5 embedded. aNI the 2021 zc(ouDts show a more at¢ur•te reflectlon of the impact of these chan8es. 2021 Incomefrom the GBGB GRS5tood at 14% oftotal incorrE In theyear.*thich represents a 1% increase In all fundlng 50urce5 from the G8G8 in 2020 Iwhlchwas 13%of total income), a more refltrtNè non Covld-19 skewed comparison would be to compare the 2021 fwe of 14% to the 2019 figure of 37%. DurSn8 2021 Greyhound Trust was still supporting Gre*tK>unds whose owners could not afford to regster them retrospedively into the GRS, by paying the Greyhounds tM)nd fee lthat would otherwise be the responsibility of the Greyhound owner). As such, the expenditure assouaied with homin8 in these cases rose by up lo £21XI as Greyhound Trust had pard ￿ rwster the Greyhound into the IXXKI scheme. The bond payment made on bèhalf of these Greyhounds by Greyhound Trust wa5 £2C(l and secured a retum of that bond fee plus a £21]0 homin8 bond payment frorn the GBGB. In e53ence, Greyhound Tiust invested £2LYlto seojfe the addit**nal £200 from the GBGB GR5 schemp to support SL¥ne of the costs of horninK the Gr<#l)ound. The Trust's primary objectives for 2022 are therefore based on the Dirertors. desire to ensur• that the Charity is able to develop in line with the thartgin8 demand for services and ensure its sustaimbllfjty intothe future. Page15 In addltlon to day to day work of homlng grohounds, pr(rtI￿ the suftat￿lity of 8reyTr¥Junds as pets. rai5in8 public aw￿ne$S of the work of the Greyh￿n￿ Trust. the Charity will focus on these key aTeas as the country m¢>ves out of the paThJemk and deals with the economlc d￿l￿￿e5 of hlih inllation and soarry c05t of living increases.. l. To hnallse the transityon to an adjusted Gre￿ul￿1 Tntst model. which effECtr¥ely mana8e5 the inpaci of Covid-19 on income 2. To Complete a strate8K fÈyiL*W of operathinsand de¥elopa new Syearstrategy. 3. Further strengthen the eoafd of Oiredots by recnJitin8 additbonal ￿re£l￿5 who can effertfve￿ support key area5 Identlfled folov4in8 a ski15 avdit of the Boafd. We antldpate that a dèar focus on these key ar&is will both enable the tharity to survive and adapt gNen short and medium-term uNertaintle5 and also pThidethe f￿￿ndationS forthè Iotyr-ierm sustainabllity of the tharlty. Strurture. governance and management Thegoverningdocumentofthccharitylsthe Deed of Trnst. whlch was y8ned ￿ 5 June 1975, whoch fOrmedt￿,Rttired Greyhound Trust, as an unlncorporated charity. the Greyhound Trust has tharltable status in both England & Wales Icharitynurnber2692281 and Scotland IcharltynumberSC0440471. TheGreyhound Trust moved to a CorporateTrustee guvernance Structure on 21 June 2018: as suth the Direclor5 of Grthound Trust Trusiee Limited (the Corporzte T￿SteEl make dea5ions on behalf of the C￿ale Tnjstee. All references to Dlrector5 refer to Dlrectors of the Corporate Trustee. references to Trustees refèr to ihe CorporaieTrustee. The Trust Deed wa5 further updaied as confomied Trust Oeed on 16 October 2020. Re(Nftment and appolntment of newtrustees In accordance Tmth gogd practtce, new mernbers ol the Boafd are appointed by DirectLYS to maintain or au8ment the rangeof skills and experiente appropriate tothe needs andactmtiesof thecharityand areappointed bywayof majority vote byexisting Board Mernber5, on behalf ofthe COry￿rate Trustte. New Dlrectors are tndurted by the Chairman and Chief ExEculive and are encourag•d to vi%it the Natlonal Support Centre and a Branch l Branches. in ofdw to gain a 8ood understandiwd of the strurture of th¢ ¢harity and how day to day hom1r￿ operations are condurted. Declslon maklng The dayto day management of the 6reylK)und TfU5t i5delegatedto thechlel Executive. ￿$1 Morris and through her to the Senipr Management Team. Thè Chair of Dirertors and key Olfiters support the Chv2f Executfve. which forms the Ilnkwith the Board ol ￿reCtOrS and Ultimat¢tyt￿ CwaleTrustee bfyly. The Board of Charbty Directors 15 required to condLKt the affaits and the general busines5 of the Grèyhound Trust on behalf of the Corporate Trustèe and meets at least quarterty. Durlngthe period of the Covid-lg pandemic, the Directors met in addftion to the stsndard timetable of mertlnts to ensure that close oversight of the Charity took place during what was the most challeniin8 l¢* the Charity iA1ts 46 year history. The Dirècton rev*w finanaal and Opera0￿al tre1￿$ mÈasufed ar￿l￿t annual￿ approved budget. Key Performance Indkators IKP151 are In ￿ace to a￿$t thls process of rewtlng by the Emecutlve and monltorlng by the Dlrectors. Page16 Related partles Greyhound Trust operate5 a whollyowned trading subsidiary named Grtyhound Events Ltd, which is a Ilmlted company re8iStered with Coryjanies House and whith has its ¢h¥n Board of Directors includln8 an Independent Oirertor, which meet regulady thrO￿￿ul the year. Its business is presenied io the 8oard of Dirertor5 as an informatSon Item throv8hout the year. In 2020 a thorou8h revlew ofthe trading 5ubsi(liarywas completed and itsfindlngs to strèngthen the entbty and fts alignment ￿th the Chortty will be fvrther progressed in 2022. Rlsk management Dlrectors review areas of risk acr055 the whc4e range of the tharivs activltles and there is an attive and regularlv rewewEd risk register. The annual bvd8et and busin￿ planning processes indude reviews and assessment of the Possible risks to the charity. the consequentes of those risks and plarfj to mit￿ate thelr effetts on dtlivÈry of the charltable oblettlves. Any %gnifitant chanies in risk are dwussed by thè OirecM and appropriate risk mitlytlon agreed, recorded and rnonitored as part of the risk management process. A serie5 of prcKedure5 and controls are malntslned to redu￿ risk to the thjrity. wlth comprehensive Olr•ctor and pfofesslonal Indemn6ty, publit liabilily and employer liability insurances in place. Funds held as custodlan for others No funds are held as ojstodlan on behaw of othtts lother than Grethound Trust 8rarKhes who all operate urKler the Greyhound Trust Charity Nurnberl. Comrnlttee member5hlp for 2021 reportlry year Th• Dlr•clors of Gr•trI￿nd Tno¢ Truswe Lhhlw ltheCry•tr Trustee)forth• 1021 report1￿ yeir: Professor Steven Dean 8VetMed. MRCVS OV Mrs Jaqueline Dunn Mr Antony Collins B.V.sc M.R.C.V.S Mr Ray Harding Mr George Stanley Lee Mrjohn &mpson Dr Hazel Margaret Bentall 8.V.sc M.R.CV.S Mr Malcolm Get￿e Or Mandy Glew Mrs Melanie Stanley thairman of Greyhound Trust Board of Dire£tors HonoraryTreasurer Direcior Oiredor Director Director Director-Appointed 21 April 2022 Director-Appointed 26 July 2022 Dirtcior- Res¥ned 15 June 2022 Dlreclor- ReS￿ned 20July 2021 Flnan¢e Ind Investment Con*nltteo Professor Steven Dean Bvetmed, MRCV5. DVR Mrs Jacquellne Dunn Mr George Stanley Lee Cha•rman of Greyhound Trusi Board of Direttors HonoraryTr•asurèr Dtr*ttor Remunevatlon Commltthe Profe550r Steven Dean 8VetMed, MRCVS. DVR Mrs Jacqueline Dunn Mr George Stanley Lee Chairrnon of GreyhoundTrust Board of Dirertors AonoraryTreasurer rertor V•t•rlnary and W¢llare Comnthe Professor Steven Dean 8VetMed, MRCVS. DVR MrAntony Collins B.V.sc M.R.CVS Dr Hazel Margaret 8eniall B.V.st M.R.C.VS Dr Polly Smith 8St BVMS PhD Dr Mlchelle Tromans 8VMS O.A.ID¥). Animal P5ycholo8yl MRCVS Chaim)an of Greyhound Trust Board of Dlrectors Dtrèttor Dlrertor Independent Committee Member Independent Committee •AÈmber Page17 Statement of Trustees. responslbilitles The Trustees are respon51￿￿ for preparing the Rewt of theTrustee5 and the financial statements in accordance with applicable law and ljnited Kln8dom Accounting Stahdarts (United KI￿d0M Generally Accepted Accountini Practice). The law apWicabteto choritie5 in England and Wales.theCharitie5*£t 2011. Charity{Attounts and Aeportsl Regulations 2008 and the provislons of the trust deed requires the trustees to prepare finzncbal statements lor èach financial year which glve a true and fair view of the stste of affair5 of the tharlty and of the Incoming restsurtès and applitation of resour￿, Includinathe intome and •¥w￿ltUre. of the tharity for that pwiod. In weparlngthosefinancial statel￿nt& the Trustee5 are requlred to.. Select Sulta￿e accountin8 pollaes and then appty thèm conslstenty. Observe the ￿thOdS and prkncip￿s in the Charity 50RP: Make judgements and estimate5 that are reasonable and prudent" stste whether appliCat￿e acctyJntin8 Standards have been folowed. subject to material departures dlsckjsed and explained in the flnanclal staiernents: Prepare the financial 5taternents ¢)n iht concem ba￿5 unless it 15 inappropriate to presume that the tharity wll continue in buslness. The Trustees are responsible keeping proper xcounb'n8 r￿OrdS with reasonable accuracy at any time the flnancial p051tion of the charity and to enab￿ them to ensure that the finantial statements comply with the Charities Act 2011. thè Chafity (Accounts and Aeportsl Reguktion5 21x18 and the provislons of theTrust Deed. They ale also responsll4e for ￿legUardingthea$Sets pf the tharty and hence for tskin8 rea50nabbe Steps for ihe preventlon and detertion of fraud and other irregularitie Approved by order oftht board of Tnjstees on Chalrman ol the Greyhound Tntyt Bwd of Dfr•ctors For and on beh•lf of Gr•yhound Tnul TN3tee limited Pag818 Rtyort of th• 1nth￿nd•nt Audltors lo th• Tn*t••• of Gl•yho￿d TruBt Oplnlo We have wdrted the Ilnarwjal ¥tstgrnerts ol GrefviThJ TnBt Its for Ih? year ended 310echmter 2021 vthlch compth thè Stat•m￿t of FinAntial lh8 BalwKe SW th8 Cash Fk)w Stalwnwt and ncles to thg finanaal slat8m8nt$, induding asUmm￿YOfsI￿ffl￿tacQ)Unl1ig kYJici6s. Tha financial r?￿l￿Tra framework that b￿n applled In Iheir preparailon Is aFWirxblè law ar￿ Unl￿￿ Kingdom A• $l￿d￿d$ (Untha Klngdom Goneralty A￿p1 Account*)g Pracbe•l. In our the flnandd stat•m•nts'. giv• a Irt￿ fall of Ihè statè olthè tharitys affoiws a8 at 31 0￿ber 2021 aTrJ of its rKuning r8$Cwr￿ and ap￿ration of Te5fAJW, for th8 year then w￿6d. . hav8 bwn wopamd In 8(*ordant* 7Aryth Urritèd f*nwaly Acceptwj A￿¥￿￿[￿j Praclke., and hav& been prepar•d In at£orthnc8 *ilh lh8 req￿r￿￿ents ofts Charities h£t 2011. Basls for opknlon W• ¢ortdu¢ted our audit in actordarKo *ilh Intemati￿1 StaThJwts Authung IUIQ (ISAS (UK)) and app11¢a￿• law. Our responsibilities undef thos• slandan16 are furth8r d•scthd Athrs. rnsponsibilibgs for the audit of Ihe financial slatements SeCtiC￿ of our rep)rt. Wo aro irthpond8nt cl lh8 rtsity in a¢xothce tho ethical r8quir8m8nts that •r¥ relevant to our audit ol the f￿an￿7a1 staternents in thg UK 1ncknJ￿￿ the FRtrs Eth*al sI￿d#T￿. and wo have fvINled our other eth*al respon%bilitles In acc¥Jrdanco ￿ lh￿ r8qulrem•nts. Wè be￿8¥0 Ihat Ih8wJft e¥idence w8 have obtainod Is sufficient and approwiat8 5) Pfovb* a ffiy QWOPWWYL Con¢lu•lon• rnl•ilng to golbvj COtK•m In aLKliting lh8 financial ststewents. have rAyK4wknJ that Irus*es' us• ol ￿ g)k¥J rthe•m ba#ls af t£tAJuntiwwJ in Ihe preparation ofthe fma￿la1 4tal•m•nts IB awyowiats. Bas*1 on th8 wvrk wg pgrfcffj*d. wg havg idenlifigd ￿1*81 w￿rt￿mIl*S rnlating to èvènts or Cond￿On5 thal individualty orCole￿wy. maYCa*sh￿lfftartt doubt 4ts1ityto ￿nti￿O as a wng (￿nC•M fora p8rfod ¢￿T resp￿81b11i￿¢S and tho reyn5kn15O6s of tho Intste85 *llh r•spxt to 9¢￿ arg de￿ibed In relovant sethons of thL% reporL However. r#)t all ftjlure ￿ents or o)nrfiOcffis can be wedic￿. CovKI-19 p￿dern￿ is on8 of th& most s￿￿eant ecor￿￿ events for Ihe UK wth￿h unFKec•J8nt9d kn1$ ofoutcomes. It Is th8rath dmcult to ￿luste all of tho potèntia impbcatKJns on th8 Chwlty's trade, thTh)fS. SLP[￿￿$ aTh1 *￿tereeL￿Orny. Tr truslees'wew on the knpact of Cowd.19 is disdosed in the TNstees Report awwj •he note 1. Oth•1 h￿rni*ll1 The trust*os arB r85PDn5I￿9 (Dr Ihg Qthw wrforrr41h￿. The olhgr inkrfrn￿￿ comprfsos tho knformation kndudod in the Annual Rapjrt c4hèr thart lh• ffinanaal staf8rMrts aThJ (￿r Rewtofttw Indeffint Auditors Ihergon. (￿rOpInIOn on the finandai slat8m•nts ￿￿$ not th& ¢)Ihgr knfrymatlon and. excapt kn Itw ￿ent OtheTh￿S9 9XF1￿Ity in our rèporL we do not express ary ofaSyJ￿ce tr￿1￿0￿. In cLinnection tyjrothlit ofth• flnaTh*i 81th￿ ow i5t• read the othar knrfonnati¢)n ond. in doiTrJ so, Cons￿•r wh•ihar ihè other informalion 18 materiahy incorristent Milh tr* finanrAal $tatorTwts or ow knO¥￿edge obtslned the audr( or crtheThwse ap&￿$ to bè matsrialty miss*. tt we *knify swh matertal 1n1xn￿st2nGles or app?rgnt matérial ml8St8tèm8rtts, we arè wmred to delemiine Whe￿ tris gP4es rise lo a mthri?I mB8taternent in the financial 5talgments themselve& If. ba8ed on the TW8 havg wg widude tw ther0 is a maiertal mlssiatement of Ihis other inlomwlon. wo ar• mquw•d to lap￿ Ihat f&a. Wè ha¥a to rewt In thL8 ward. Matt•r• on whlch w• w• r•qulr•d to (•port by •xe•ptkni W8 haw8 nolhlng to r•wrt In respect of thè follo*ww matt￿5 Ihe Charftses IAcc4ymts R8ports} R￿UlaIk￿$ 2TrJ8 rtquirts us to r8POrt lo if, in our the inlomiation gN•n li th• R•pNt oltlL• Trusta•s in wrymalwlal ¥Alh tha financlal stat9￿n￿. or ffiryent accounling records have rnlt twn . Ihe finanrAal stst•m•nts arn nol In *ilh lh• re¢ryds relwn5: or Pag819 R•sponslbllMl•• olTntyt• As explained nK)re fijlty In the slatw￿nI d Tnthe&' Re41th￿. th• tnJst••s arn msw￿$￿Ile for Ihe PTepw8lN￿ ol th8 finanoal st8tements*thichgNe a Irueand fairviow. and fOrs￿h Int￿81 eontrol as the truslees deterrnine is necessary to enablo th? wepwatbjn offin¥Kial stat&))enb that we Ireg from rn*id rnisstst&x•nL dL* to fraud or a¢TOr. In prBpwing the financil statwiwts. the trustees respJnsNè a$$￿1n9 th• charftys ablllty to o)ntinug as 8 going cone8m, disdoslng, as appficable. rnattws rd*d to gwg and usww the gc4NJ ¢￿¢0M basls of a￿aUnting Our r•sponsltsllhl•• forth• a￿dIt olth• fIn•￿I•l •late4M W• have* boon appoknled as auditOTS Seclicffj 144 of Ihg 2011 retxxl in accordance v*ith Ihe Ad d relevant reg￿lI)n9 made or ha¥lrvJ effeL# It￿￿nder. Chjrobleclfvosweto obtain reawnoblg owwWbx*rytwhetherlhgf￿￿￿al statements asawhole are frg•fromrnat•rfal mlsstatemenl, wthelher due to fraud or to Étsuè a R•r*Xt Ind•p8ndent Audit￿$ that inthde¥ our ￿inKIn. R88sonable £swranc• hvJh lthl of asswdn¢e, but &s a 9Lwranteè that an 8LwSt Conduct￿ In al)))rdan￿ wlth ISAS IUKI VAII skvays d8t8Ct a matèrial misstatom8nt Wh￿ it •xists. Misstatements can arise frun fraud or error ora COr￿ldered material il. indNidudty or i) 4gw•gat•. thay cO￿d reasonabty b• •xwcted to infflu8n¢g the eeorxffiie . the ongagwneni partngr ensured that Ihe engag8rn￿t tewn cclecbvdy had the t4)ab￿Al and sklls to Identify or Mwjnlsed non-CDmFlwts vrilh aPF4*abl8 Iv*s rwAatw)rts; .we idpntified the law$a￿l regsJla1¢(￿S appkatleb ts Qwrrtyllwow dlmetors and othermarogemenl, •nd Irom our c4rnme￿I￿ knch¥18dg•.' - we focused on spgcik laws and r8gLlal*rt ¢>xts¥J8r•J may havg a direct maleiial effed fjnArdal slat8rnerbts or the opernb"L￿$ of the Charity. tha Ch*x*s Aet 2011. taxation legislatkn. employment and data pmlèetion; . we as$ess8d Ihè èxtant of compllanc• *Mh tho laws w)d •jenlIfi￿ above making •nqulres of managemenl and inspecting bJal ry)rr85pJndenct'. . klentifiad •KI t4¥0fg ¢ornmunKabJ IhB audil team 8ThJ the tewn ryngingd instsnc6s of nC￿￿￿Mpl1wA IhfQUghoul thg audiL We assessed the 3uxopbbility maknial nissl• c+)ts¥iing an und8rslandiNJ of fraud might oc(#Jr, ty. . makirg ¢nquirig¥ ofmanagwrt•ntas lo they thwpyla5w￿9ptibI￿ty￿k￿￿l. th8lrknowlod￿ ofaciual, suspected alle98d fraud,. . c(ffisldering the intorn4 in ￿ io mlyto rth dfr8ud 8Th1 n￿•cOMpliM wth lav4 and r9gulalK￿s . perfo￿ed anal￿* to Kl8nt5fy LY [d￿h1￿. - tssted Jwmal entri95 to idgntify tran1ad1ry￿. . a559$5 vthglhtr Bidgement and assumptions mado in detwmww •(%twntm9 8siinth set out in Th)18 1 ￿re ilKI￿at1¥? of pokntial bkas: an . IThv8sligate Ihe rationd• bohiThJ Irans SF>￿ to th• iisk of Irr￿la￿ti0S arrfl *ith w• do￿n￿ proc•thx05 vthch i1￿Ud•d. t#Jt w•r• Ilrrit•d k).. - agreeing ffinanclal ststwrnnt dixlD$ure to thJ•rlyivJ . f•ading minutos ofmeelwigg of tho¥e ¢har9ed wnmanca: - •nquiriNJ of managemert as to actsjd polential da1￿. A futhtsr descrfptlon of ow resporffjtrfliits for1￿ Ihè T￿￿la1 statom•nts is Ixaled on the Flnancial Repryting Council'5 we￿te at www.frc.0rg.bjklaudit0rs￿SpThts'IkneS. ThKs lomw wt of our R•port (rf thè Independent Auditors. Pag•1 10 R•pwl ol th• Ind•p•nd•nt Audltorn to th• Tn•kn• Dt Cffjhound Tru•¢ Uu ol our r•port Thi5 roport 15 made to the ¢hariVs tfUSt••s. as a W. tn with Part 4 of Ihe Chariti6s {Accounts and Reports) Regulations 2(X)8. Our has b8èn undèrlBkèn that we rn*3ht state to the trus￿95 those Matte￿ we are requlred to state to Ihwn in ￿ au(Alors' reFLknlic trf lrnland. aThJ tho Charluos AGI 2011. The finanual slatements hav• b••n w•par•d wwjer th• Ix5tori¢￿I c•51 c(*wonticffl. Greyhound Trust m••ts thè dofrmtion of a tonefft ￿triY wKJer FRS 102. A5sÈts 8Th1 liabilwes are Inltlal T8￿3n1S9￿ at historlea eost Ly1rnr￿kn￿ v&*J• ur4•ss 01￿1¥¢ stated in the robV￿1 acC￿n￿ng Wlcy note(5}. The Grilcal judgernent th8lthe Tnjstees made In thg pvx4¥¥ of apptyirwJ the acwuntiig p￿l￿e3 that havg the most s%JfMffi￿I thcl the statutory fiMnclAI stat•mnts ar• thscus68d In a58ti￿n9 whol￿r Ih•r• hav• b••n any or wrwirmenl of as59ts. Tlustees hav& consldered bc extemal intgmd sowc88 of infomialw)n s￿h 8$ mark&t ¢lMd￿C￿s. counlwpwty ¢re(tit rBtiny¥ and *x￿n•￿e or recovernblty. There have been no orwnpawmmts klenlfied durng thg ojrrent fmorKaO1 ￿*r. Key ¥our¢o5 of èslymb¢￿ ￿t￿tal Je to the strBight forward natrjre TrLLsV5 t¥JsM￿. the Tr￿le8S dc* not believe Ihat th8re arè #ny èstimation urtortalrt￿s a signffirant risk of ¢awYJ a to tho carywig of a￿ts ar￿ liabilitig¥ wlhin Ihe w*xt fI)a￿al yew. Grow Ilnpnd•l stst•rnqnt% Th• fin8naal statements consolidate results of the di*ty and Its wholly owned ssjbsidiary Gr8yhouThJ Events Ltd on a linè-by4n• basis. A syate Statement d FinwKK81 PKb¥ib8s and lrtL#ne and Expendttufe Aco)unt for the charity has not b•8n wesent•d b•cats• Ih Tnjst Iw lkn •Jvwrtagg of the @xempt￿ aff￿ed by sedjon 408 of the Ccffipanies Ad 2[￿. Incom¢ b rewnksed T*th¢n thè chwlty has el￿¢M￿l to the fur*ls. any p•rfNmane8 ￿)￿J￿onS attached lo the itonrfB) ofinojmg h￿? been rrf it 15 that tt* irm wll be I￿￿¥9d and th8 alnourtt￿n b• m•asur•d In¢¢Mn• frtyn 9ovwnmant and cdher w¢8. wthether wfaf ￿ants or l•vèMè' grnnts, Is ￿￿gnISed vth8n the charty has ￿￿￿ement to lh• any c4)rnJtirffis att￿d to Ihg have been met. tt Is Fwoboble Ihat the ￿Come wll be re￿i￿￿d •KI Ihè am￿rA can masw•d rnlably and 1$ not delerred. For l•gad•s, 8nth*m•nt L8 l&k•n ￿ the oarfiw of Ihe d•kn w w*Yeh thlmr. charfty Is awarn that probate h8$ be￿ granted. th8 èstat• has t•en flnallsed and notiffic8￿n has bgen modg by the oxecutorfsl to Tnjst that a dthbutlon t￿14 be made. orvth¢n a dislribulbjn k8 fromthg 8slatè. R8c*tofa l•w. in v+Mè or in part. Is onty 0￿$0dered wobabl•**w bg rn&W8d rrfHbty and Ihe d￿rfty has been rv)tlf*d ofth# exo￿t0￿¥ intgnbvn to 8 distributKm. kn legaues have b88n to th•charlty. or charfty is aware of the grantln9 of probatè. and thtt ciit•ria l)r rncC4Jn￿on Iwe th8n the 15 a treated as a conOThJent atsel and di8dosèd il mat*ial. Page120 Mot•• to tho ¢¢JnJolld4t•d Flnan¢l•l 8t•kn•rrt•- conthiu•d for th• y•ar •nd•d 31 0•￿mb*r 2021 AcGountlng poll¢l•• v eOrttknu• Exp•ndtiuT• Lia￿.1￿0$ are rocogniW 8$ wp¢ThJibJre*s scwas thgre15 a W (*corAtnth oi*J8lMM o)mmitUng th•chrtty to that éxp8nditurè. is wobable that a tra)sfercloCtM(*rn iw*fits ¥*ill bg required kn settl•m•nt and thè amwnt of thè obligalion can ￿ measumd IBliJ￿. Expgrfurg i¥ aW￿L￿ted on ￿ accruals b￿16 and has been classified und8f h•adiNJs that awqate c081 related to the tat&Jory. Whwg costs Cannot be dlracly attribut•d to paiticuhr hèadings th8y have been alloca￿J to aL*￿￿e5 on a basis (￿s1*nI V+*h the usa of r6sourca5. lThecoverable VAT Is ehargod as a eosi ￿tt¥lty knwhkh the eXp￿diti￿ wKwrod. locatlon an(1 apportlonm•nt of co*ts Support costs ¥8 Ihose f￿)ctiOns Ihal assi6t Ihg 7Aryk of tmrt do r￿1 urylertake charft8b 8th￿￿¢$. su￿ort costs indLNJe back olkn LYJsts. fmrtt. pwsonMI. payrcl arKI g(Nemanca costs wh￿h suppcfft the Tru8¢'s progrnmm•s 8nd 8etivths. ¢x>sts be￿ alkxatad bgtwgpn co¥t of rablng funds 8nd Tanqlbl• flx•d ••••ts Depredalon Is provhtsl at Iho annual wat•6 41 OTdwto off •ach over Its estimat•d us9fv1 life. Stocks Stoc* 1$ induded #l Ihe low of &)st or net reaknbkn valup. Dryvted items of stock arn rnea0￿d al tsir value whlch is ￿ amount charity have been lo pay for th• items on Ihè opgn ￿￿Ike1. T•xatlon The charfty is èxémpt frryn laK cffl its c1wil￿ Furtd #teountlng Unreslricted lunds u*J in *ilh tho clwrftth L*(*vos at ts 0￿ of••* i¥ irYlkKknJ in the trJ tho ¥tatements. Hor• ptsr¢h4¥• and Iwlng commltrn•n Rontsls paKI under operatlng l•as•8 ar• c￿19￿ to thg statsme￿ of Aclr¥itM cm a straighl Ilno b8sIs Ovor tho porfod of th& lèas•. The charlty OFer8to$ a defined contrilmjlon P￿$1￿) sth•mè. Contribjtions payab￿ to Ihe charity5 pens* schgmg ?rg tharged to the Slat•Thnt of FNncial Activiti85 period tsy rglyto. FIMn¢l•l Instrum•nt• Finan¢ial ossets liabl•ies are recognlsed whw th? dwrity tAccrfnes paty to thè t￿ntraCtual pws1￿$ of the ancial instFument. Tho company ￿ld8 t¢¥ic fin&￿1￿ t•A*h C(M￿lsa caBh at banK trad• and 01her r8ceivgblg¥ and trad? and other payabl•s. lil Cash at bank aThJ In h*MI Cash at bank and in hond in¢hAg c•sh in haThJ. dep)￿ holj *ith bank¥, ￿MI other short-t•mi Imghty Ib]uld Invéslmènts wlh maturllles Dtthree Th￿1h& or185s. lill Trada and Tradè and 0lh8r receNables a￿ lrtrt￿Y at th? trarwlion F¥**. indudffig ￿Y transact￿ ¢￿Sts. Amounts that a￿ receivabl8 within ye¥are m&isurnd al the unthsco￿ arThxmlofthè cash •xp•ct•d to b• r•c•lv•d. n•t of any imp8irmenL Pag• | 21 lov th• y•ar•Thd•d 31 O•t•th 2021 Accountlng I￿￿1••. ¢4>b)lIrn￿d Flnanelal Instrum•nl• At the end of èath pwlod. the rjwty aws¥e¥ thore Is objtho that a rtt4lvab amount rnay b8 impaknd. Apmyfjston i¥ e¥tatrlth8d when thwe lsobiective èvid•ne•thatth• eh*lty il not be able to colgd all 4m¢yJnts xc4)rdin9 t* Ihe original terms of the roc•Na￿e5. Th9 8rnount Lrf thfr prowsion is the dlffer•nc• beWn Ihe 058rf¥ carrywwJ a￿￿t ￿ the ¥alu• ol lh8 ostimaled futuTr cash flthvs. diSoxrrt￿ at tho etted¥e knlw•st ra10. Th? alr￿Unt of th8 15 [wni￿1 ￿￿M￿lIa181Y in profft or loss. no￿1￿1 Liabilties. classlfied as b8xfffwKi81 Mislrumwts lliil Trndt ¥nd oth•r pay8￿ And *)ws wxl LxrnT Trdde and othw payabbs and loans aThJ bcrfT04iry are ii*aty m9#s￿o￿ at the transaction prKe. in￿d￿￿ any nwtion w5ts. and subsequenvy al an￿￿d ¢J)sl usivj the effKtprn intewBst maihod. Amounts that Br• wtthln year we rnea8w￿ atthèdl8c￿n1Od oftho ¢a¥h to b• pald. Golng concern Thè orpJolng Covkl.19 pandemicarKI r•strkkn h8¥8 had a *hjnif￿artt Inwon tho Trusf8 9)urco5 of ineome 8nd exponthlure. While inrxwne Imm 5thJrces such as grants frorn Th• Bribsh Groyhound Raang Fund have greatty reduceil In wt due to ts CiwMJ-19 rgspyw. donat¥￿$ and *garye5 from èlsawhèr8 hav8 hew Io mtkn up for this fall. Thèm have akn been a reduction Mi costs du• to f8$tor IK¥nng of gr￿￿ndS durfng tNs p•r(¥J. Ilnked to hcrfnir¥J dwnand ar¥J sc* ofgwtwth avthbkn. As$gts hav* a*0 bèan conv8rted to wthèrè F￿r018 to Iho charity has made use of Ihe coronavvus job rgkntion Sthan￿ kn ertsu￿ thg d￿rillaS nsks ara ￿l￿rnL￿ad lo thvj Volati￿ 8rKI iisk cr8atod by Covid.19 15 I￿Our￿S *• max1)1￿. The Chaiity s•cur8d a e4Norowrus Iwsiness interNpt*M as a precaubonary measure. howgv8r Ihe assodaled rnonl8s wer8 deptisittid the ww)r flnwKial ￿. but rnt ultsthj. The loan has been fulty repaid in May 2021 before any ￿ter*S1 or ch*g8s becam• duo tsrm¥ ol the awo&ment. After wn$id•ring IhLs IMp￿t and makwvj enquyw. the TNstees(x#knue lo bdi8v8 that lh• Gr•yhound Trust has leq[￿te resource5 to in operational ly the fDre5eeable fvlure. For this rea50n. th• T￿￿t￿$ have contirwed to ￿lopl Ihe Con￿ ba￿ in tTrparir¥J th• finaneial sta*ments Donall¢Jn• IBg•a Ind￿ in don•tirm •rbJ knga¢y ir£LJY* is £1.139.024 (2020.. £759.292)of Ltyxy Of Ihis £Nil 1202D: ENill was restrthd L&Jaty iK£on8 and is rwrisgd WI￿ Ihèrè Is a d&ar and ¢wartbfiablo entilernant. Of thi5 £7.$0012020'. £9,075) wa8 restric￿ domlion If￿orne. Giant and Intom• Irtffi GBGB Cons￿ of BGRF ￿ £NI (2(f2Tr. £320.(M))l. to gwrt th• Trnst durfng the COVID £253[￿. £82.1611 8￿j the RglThnenl S¢knw £521,2(KJ12020: £64.1001. Oth•r Ivadlng •cts¥thi 2•21 2020 Shop. lrnding and br4￿h I￿{ 137 ￿44 Pago122 R•lJlno fund• Rahlng donallons ￿dI•9•¢I1* 2021 2020 Supwt ¢¢4ts 78.782 Oth•rtradlng aGlhlll•s 202(+ Ownlng stcKk Purthase$ ctosing stc*k Bad debls 46.827 123.709 128,0421 130.849 {245081 ra9at• amwnts 221.276 Char#abl• actlvlU•s Mst• Support Dlr•cl (• Co•ts not• 61 Total# KeN￿lIng Acimtks Velgrinary lees Branch costs Edueation and awar8fWS HO￿ findirrfj exper￿8 Y16.682 219.664 795.377 1.280.191 303.461 1.099.072 83,797 303N95 10678 ￿73 14.751 1977 ￿410 ￿10 Support costs Dk•ct Co•1• 8upptht Costs 2021 T¢Jtal 2020 Charitsble aG￿ville$ Kennel d￿rge$ Velerinary lees Branch 8xp•nthtuM Educaljcffi and aw*en•5S Hurn8 fin(kng eynsgs Rai￿ng fw 926,682 219.664 795.577 24.999 10.678 1280.191 303.461 1.099.072 34.535 14.751 1.165.307 407,260 1,148.883 37,232 35.867 80.242 83.797 303.495 9.536 4.073 784.498 2 840 970 2 874 791 lTrdud￿ In supp¢%1 costs 15 £6.1￿ pryable aLKlil(Ys lof other K￿Jn11ng soNt¥$ 12020.. expendltiJ￿. Page123 **r• no tnth. renxth•rntrn or otP*r bon6ffts ts Ihg ygw 31 0ec•mbw2021 nor for th• y•8r értd8d 31 DK4mber 2020. 2021 2020 Tru5t80s' •xpensos 2020 Wag85 arnj salaiies Sc¢d se￿rity o)5ts Cxher pon9kn costs 476.248 36.230 41.535 The Ch￿Y has 8ryknyee¥ WI￿0 IvKkwJkng benefft5 in kind) was h excass of É60.￿0 lor the yèar. Ono fdl in Ihe band ￿£60.C￿￿￿E70.txXl aThl the ollwin Ihe band of £100,CDXI 10,0￿112020 OM •mOoy•• kn ts band 0f£80.thj￿ £90,(￿1. 2021 12 2020 16 Ful Ilmo Part Ymo 20 Page124 lor th•y•ar•nd•d 31 D•Q•rn￿ 2021 202D Tot•1 funds nd Incorn• and •ndoWm￿rtts IMM Donatlons a)d 1.930.121 34.075 1.964.196 Othertrading acU¥ltss Oth•r Incom• 1.016,244 553.031 1.016.244 Tolal 3.499.396 34,075 3.533.471 Exp•ndNurn on Raising fvnds Oiher trathng acb"¥iti85 Adrrmn oypeThJitUfg of Ira￿ o 78.782 142.494 39.948 78,782 142,494 39.948 Charltabl• actlvlll Kenneling Activrfi8 Vet￿nary fees Branch costs Educabon and awweness Home findlng exp8ns•s 1.062.798 387.489 1.133.059 36.718 35.373 86.460 14.162 1.149258 401,851 1.133.059 36.719 35.373 Total 2.916.662 100.822 3P17,284 Not gwns on knv8slments 17.395 17,395 NEf WCOMWIEXPBIDITURE) eth.129 166,5471 R•co•KIMaUDn olfunds Tol•l fund• brought f¢mrd 4,433.463 201.051 4.634,514 5,033,592 5 168 096 Paga | 25 10. W￿￿￿•1 yrtom*n¢• of th• ¢hxlty The (x)nsolidated ststerrwt tsfffina7K4al wKknJ￿1h9 re8uK501the t*aWs*tholtyu4¥nèd subswJ￿lry*th1th operatss as GrOyhOth￿ E￿nts Lwntsd. 2021 2020 knd Fund Tolal Funds Totsl 3.494M57 1￿75 3,5D2.357 3.345,711 Oonalkn from Grgyhound E￿nIS Total Incom8 3.496.432 3,$03,932 3,351.391 ExpeThJiture ￿ clwlabl8 acts¥il RalsiThJ funds other tradNb3 adi7AI•s 2.69).0( 108.wj 42.004 2,732.010 108.960 2.754,962 78.782 TL*I expendtture 1832.124 42.Crf14 2.874.128 2.835204 Net 9th8 on in¥•skn)•nts 11 Net InCorndlExpeN￿tUrn1 875 808 ￿34 504) 533,582 Recondllalk)n of f Toial funds broL+Jht forw*d S.033￿92 Tolal fijnds ¢arri¢d forward 100.iIXI S 168 096 Pago | 26 11. Thè wholty ¢)wnod ty•Jiry sul)skli•ry Gre￿￿ Ebpnts Lbj Ob iK4Np(xaknd and Wales l¢rynpany numbgr 038258991 and donates all of ts PfDfts to charity undgr Ihe gfft aid schemo. Gr•yhoLmd Ev•nts Ltd operates Ihe thMmèrci81 tr8ding (ygralkyB Wied w atthe l>eyhound Tn￿L A summary oftha trading rwaults Is shown boh7w. The summary fin8nd81 pth•Ko oflhg akTh' . 2020 Tumov•r Cosl of sales and adrnnstrafvo costs Interest pay8ble 178,919 1174,8941 187.761 1181.058} Ngt prof Anwjunl alded b cha 1.$75 6,703 Retained n substhry Tho a558ts and lithhbg5 ofthe sthkliaryww. Cuwrenl 08sel6 cury￿t Ilatilues 120.206 161511￿) Nat curr•nt assots Fin•n¢od ty. Debenturg h Share caprtal 70.OOD 12. Tanlbl• Ilx•d a•••¢• (Gro￿) Flxtyr and Cofflpulw •qulpmort Total• Co•t At 1 January 2021 Additions 3,4e5.006 1132 2•9.06e 3,755206 At 31 December 2021 132 275368 414S433 At 1 January 2021 Charg• for ￿&r 2.132 220.5fj6 222,698 At 31 Dvrnb8r 2021 271378 N•t book ¥8￿* At 31 December 2021 At 31 December 2020 47.502 Pag•127 for th• y•w •nd•d J1 DoC•M￿r 2021 12. Tarylbl• Ilx•d •M•ts. COb)tlnu•d T¥4lbl• flx•d Ichwl Fw••hold Comput•r •rty Equlpm•ni Total¥ At 1 Jawary 2021 Addlt**ns 3N15.000 3.753.074 At 31 t)8C8mb•f 2021 3M67.•S3 D•pr•rlaVon At 1 January 2021 Chwje for year 220.566 220.568 At 31 DKgrrthr 2021 2fj9246 N•t book v•lu• At 31 Detsmb•r %)21 At 31 Decethr2ry20 47.502 3.$32.$08 13. Fl¥•d *88•t Inv••¢m• GThwp 2021 Chsrlty 2021 202 Shx in undert&*ing The chkn holds 2 sh¥•$ of È1 ￿ch in its ¢y*T*d Ir•JI￿ subS￿￿14ry company G1eyhc￿nd Events Ltd vjhth is incworaknj in En*nd and Waias. Th￿8 ar• C￿lY sharns allotteil. callgd up aThJ ful￿ paid. Thg •cbvlbès and r•sults dthlB {￿panY 15 nol• 11. 14. Stock• Chlrfty 2021 2021 2020 2020 F*Khad wjds 15. D•btorn: •nouTts falllng du• wlthln on• y Ch•rlty 2021 2020 Trade deblors Other debtors Amounis o**d by 8thldiary VAT 14.414 8,586 25,869 100.272 52,123 58.079 38fj.*1 573811 P&Je128 Not•¥ to th• Con•olld•l•d Flnancw st•tsm•ni*.eOb￿InU•d 16. Curr•nt ••••t Inw•tm•nts Cha￿ty 1021 2921 2D20 2020 Share$ in listed iw•5tin•nts 21.B24 13.177 ￿24 13,177 17. Crndltor•: arnunts f4lllng wFthln oth• y Ch•rNy 20 2020 2020 Bank bjans {sè• 19) Trade creditors Tax¥tion and 8WArrity Other ￿ed11018 62,786 73.889 20JZ9 1A26 32060 65 62.786 55.690 5.944 18.822 32.afjfj 163.174 119 873 143 242 Cr•dltow•: amtrunts tslllng du• •ft•rmorn y•v Group 2021 Chjrrty 2021 2020 2020 eank lo￿ (sw not• 191 553 197 553,197 19. Loan• An an8￿￿5 Df the maturlty of I0￿S Is beknr. Group Charffy 2021 2020 2020 Amount$ dug ¥*ikn one yw on d8n7and.. Bank loar 20.329 62.T86 20329 e2.786 Amoun18 fallng due bet*pen cTh arNI Bank loans 1-2 ￿ar$ 20695 181984 208•5 181984 Amounts fallng betth￿ Iwo arNJ ￿. Bank lo8￿ 24 years 64,347 67.154 64.347 67.154 Amounts falfv￿ due in rrKY8 fve >w: Repayable by instam•nts'. B8nk loam mora than 5 y•ars by 310766 W.060 310786 304060 The k)an cawriBs an intgrgSt of l.e% per arnwn flna r•pasTh•nt datè ts X) years after Ihe Inltsal dwawdowm ￿ 8 Awu5t 2039. The seojred bank ban is securgd on the wopeity. *thkh had a purchas• prLw of£520.orA). The te￿$ of the Security P￿￿je for ts letrmlor to dakn tile to Ihe prcwty event of a defaktm on prirtlpol intorost paymnts In the O￿nt Ihat a raslrnclurry ofthe is IKA agrn8d. Pag&129 20. L•a•kng •w••m•nts 2021 2020 viithln ona y•ar Botsween one and five yoa In mre than five yoars 18.Q79 15,561 22,745 21. Mov•m•nt In fund• N•t Al 31M2121 At 111rL1 In tknM•trlct•d lund• Genwal fund Bra￿h Fund 1.224 623,905 41YS.129 51903 ￿271 4033.592 675.108 5.709AOO R￿tr5thd fvnd8 Reslrtled Fund 134.504 145041 100.000 TOTAL FUNDS Net In I￿￿1$, I￿uded In lh8 abova w• as fdkms: G•ln• and Mov•m•nl lo•••s In funds •xp•nd•d G•neral fvnd Brnnch Fu￿1 2.808.175 11195,TTD} lJ11.24• 11.500 6Z3.905 1671 J27 {3.007.0111 11.5(Kl 675,808 RMtrf¢t•d fvnds Rèslriclad FuThJ (42.004) IM5041 TOTAL FUNDS 3.lJ49.023 Page130 GREYTrM)UIID TRUST forth• yw •nd•d 31 D•C•M￿ 2021 21. m0￿MOTht In fund• • COntlnu•d At 1Mrao In lund• 31M2RQ Unr•*trlct#d lund• General Brarth Fund 3.973,267 460196 4,551.224 22.172 4.433.463 6[￿.129 5,033,592 ft￿lrfClOd fvnd• Restdcted Fund 201.051 (66.5471 134.504 TOTAL FUNDS 4.634.514 533.582 Inwmlry Re•our¢•• G•ln* •nd 10•se$ Mo¥•m•nt In lund• Unr•gtrfct•d fvnd• G8neT81 tund Bran¢h Fwbj 2,688,( 813 12.125.536} 17,395 577.957 3.499. P.916.6621 17,395 600.129 R••lrf¢t•d fvnd• Restrlctod 34,075 11thJ,622> (66,5471 TOTAL FUNDS 3.017284 17.395 A ¢urrgnt year 12 fflonths aThJ 12 mc•th Cth1br￿d p(*lIM￿ 18 ￿ fdknw5'. At In120 In fund• 31112r11 Unr••lrl¢tsd fvnd• Genoral fijnd Branth FUFKI 3,973.267 4FAI.196 1201.862 5,175,129 534,271 4.433A63 1275.937 5.709.4 R••trl¢t•d fund• Rostrlct•d Fund 201.051 {101.051) 100.oc￿l TOTAL FUNDS Pag• | 31 21. IAov•Thnt kn lyndB .tontlnu•d A current ygw 12 rmrths 12 rrmths nKr4wrnnt in #b￿ ar• as I￿OW9.. kn¢oTr* R••ourrn• G•ln• and h1o￿rn• In lund• G￿￿ra1 fund Branch Futhj 5.494273 1.676 49) 14,321.306) 1602 37S) 1,201,862 74,075 7.170,723 15.923.681) 28.895 1,275,937 Ro•trlct•d 41.575 {142.6261 1101.0511 TOTAL FUNDS 1 174 886 Naiuro of fur•J No￿ offuwwj General fund The .￿restr￿￿ reserves. forthe (¥ayhound Trust branch•s R•8trkt8d fthj IJ￿t 15 re8tiKled for e•rtaAI wrpo8•s as set ty Ihe donor Conlknggnt kblltl•s 23. ¢Wtsl ¢ommlkn•nts As at31 D•eember2021 therewas£170.508 (>yrThhtt8d bu￿ ofts ¢knhwnd C*th.Thamount spent by the d8t8 of 5igniNJ finar¥Jd siat•mwts wa8 £9).CW. *tiich kaves a remainder outs1￿119 of £120,508. R•lated pgrty thKlosur•s Lhjring th? year kgnnelling 58rvices Fyovkle(l ty a in on8 crfthe DIre￿or$ of the Twstge has shjnlftcant Infflu￿r￿. Tolal costs eharg•d to Tnjsl in Ihe ￿ ￿￿9 £41.13812020.' £48.275). At yfjaf-end balance of £1.7951£3.96714rds th8 rdattAI pwty. P￿9132