REGISTERED CHARITY NUIABERS: 269668 and SC044047 REPORT OF THE TRUSTEES AND FINAMCL4L STATEIIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR GREYHOUND TRUST
¢ONTENTS TO THE NNANCIAL STATEIIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 PA9• R8pxl ottho Trusts8S 1b7 Ryxt ofth• IJapIlvj{¥ 8kn10 11 Con&dldat•d BalarK Sh••t 12 CLwoJidated Stnent of Ca5hlkvws 13 14to27
FOR THE YEAR ENDED 31 DECEIIBER 2023 REFERENCE AND AOMINISTRATIVE DETAILS Dlrnctorn of GrnYh•d Tru•t TnMt•• Lknlt•d (th• Corpgr•i• Tru•l••) Professor St•v8n D•an Bvaiiknd, MRCVS. OVR Chrni ofl>•yfrKuTrJ Trust Board of Dlr•ctc Mr Antony Collins B.V.sc M.R.C.V.S Llrector- Resyd 11 Octobw2023 Mr Ray Hwding (Irector Dr Haz•l Mary8r8t Bontsll B.V.scAI.KC.V.S thTrctor Mr Malcolm Goorg• tlir¢thr Mr ChrpstopherJam•s R•ows Ms Sophia crow141n Mr John SIMon tlirnGtor. R¥j110 JarvJwy 2023 Fln•rt¢• & Inv••trn•nl sub Comrnltt•• Prol•ssor Steven Bvetmed, MRCVS. DVR Mr Ray HardlNJ Ms SNa Crotrw.Akni Chr Charlty r•ql•t•r•d nb•1 289888 and SC044047 Prfnclp•l offlc• National Greyhound Corrtro Peeks Bro Lon• Horfpy Sur RH6 9SX Audllorn rris Cro¢*er Linitwj Chwbred ACColants Statutory Auditors Stslion Houge )rth Strtet Hovant Hampshwe P09 1QU B•nk•rn Uoyds 8onk Thregdnp8d& Stml PO Box 1000 8x1 ILT 8olleltsrn 8ristows 100 Victorig Emb•nkmgnt London EC4Y ODH P•J• 1
REPORT OF TRUSTEES FOR THE YEAR ENDED 31 DECEIA8ER X123 The Tru¥tsp8 present their ann1 jj finNnci statwnents ts thg Jwar 1 JU 2023 to 31 09¢tr 21r23. Tr10$5 haw adoptwj probry$KWB ol P£c4JUntwig wd Reprytinq by Charities.. Ststemont of R8cLYnmeThJed Pr¥cti(¥ applicatle to Char8¥ prepariThJ their accoun¢8 in ccordanc• Financial RW'W St4ndarf wh"c4bl• in ts UK of Ir•land IFRS 1U21 (8fhdJ"vo 1 January 20191. STRUCTURE. QOVERNAXCE AKI IAAIIAWENT Go¥•mlnq docum•nt The goverring document ofthe ¢harty * the Deed ofTnrt llch was sw on 5 June 1975. wh1( fomi&J th8'R¢brgJ Grgyhound Tru¥f os an Chwty. ts GrtyhJuTrJ Tr1 has thwitablg ¥t•ty¥ in both Engld & W¥ {¢lwnty numLwr 289228) (thrity rwrnbgr SW4047}. Th? Grthound Trust mofft1 to 8 C¢Orate Tnjstee governanco struclwe on 21 Jun8 2018." as such thè DI1015 of Grtyhound Trust Trustee LThbJ TnAel ffle deci¥in on beha of Ihe Crxporate Tnthe. AJI refer¢n$ to Dir•¢tors refor to Dre¢[$ Ctsrpor8te Tw$teg. Pal thrences to Trustegs refor to Ihtr Corporats Tnth. Tho Trusi D••d wa8 fur as a confrmod Trtt Dè#d on 18 Octs)r 2020. R•cYultrn•nt and •ppolnkn•ntoftnMtM• In aeeordAne• ilh good praetic•. now mamb•rn of thè Board •r• apwntsd by Oirscbjrn b) maHtiI'n or •U9ment Iha range of 8kilb and eVrien appropr.ats to Ih8 n8uIs and acbvibos of ts Chzrity ar• appoint•d by way of m4onty by Boarf PA•mb•rs. on b8halfoftr CorpNts Trnsts•. Nffiv th"r¢¢t¢r$ arg iNlu¢tsd by ts Ch•mwn #IKI cl Exg¢utA #nd w¢ gncoutsjed tts vis Iho Nabon81 Support Centre and a 8raThBranthes. to gan a UndS oftho strudJJre of1he chlty aThJ how doy to homiry OFeratbJns arg rry¥lucl¥d, O•¢l•ton rna9 day to day manag8rn•nl of th• TftAi is CIMgf Exècutivè. Lisa Morris and through her to the S8r4w Manag•mnt Tewn. Th• Chw of Dw•dors and kèy offir$ support th• Chi•f Exo¢utiw wth"¢h lom Ihg h.nk vilh thg Boord of C•¢1$ Ar thg Corpty8ts Trustse btray. The Board of Chanty Directors is reqrj lo cQThJt affws and th8 gen8ral businass of th8 Gr6yhound Trust M b¢hoW of the CoFpty#ts Tru$tsty I•ts at t qU¥rty. Tr mwn Board are SUFWrtod by the Fin0 & Inwtyn¢nl Sub Commrd¢• qw. us• of the Veloriniry & W•ll¢ Sub C¢ynmtt88 who méet on • f•d baski. Th8 CreciNs r•with¥ financial ar yrntional tr•nds m•agufftJ •g•irvJt tha annualfyf apW0d b¢Ag•t Kay Porfonnwcg Inthlt9[3 IKPhl are in pl to 35SlSt tl¥s proce$8 of rgprytir¥J by th? ExecutNO mrtOring bythe Directors. R•tst•d rtI•l Grthourvj TrLryt wr•tsg Greyh(d ENwts Ltd. • tAthaty lMOd trlry subswjiwy, lffnib rnpany ¥tatus. wi$tgr•J V•h cpar$S Htyw. its Bogrd of Dirgctors induding Ind8nonI f*'wtors, whi¢h meèt UlartY thrcwghtyrt Iho Jw. Ib iw$1$% i¥ prn to 8oard of
REPORT OF THE TRUSTEES FOR THE YEAR ENI%D 31 DECEll8eR 2023 Rl•k rn•nag•m•nt ulady r8v[wj rok rtyistw. Tr amval budg•t and F4aMiNJ Kwsse$ reVK assessment of the kN)sslbl8 risks tv the charity. Ihe c4)nsaqu8nc•s of thos• rigks and Mans b) mrogale their effects on delvery ol th• chafital%g rieth"¥ps. 5•JThfiI ch8ngu in rrak arn dcu8wd by thg Dir10 aThJ approirriate rk mrtwon Yd. rn¢¢ded rnonlkjrl as pwt of th• risk proe•s$. A series of proc&Jres and •r• Maint•n to r8thx rnk to the ew, ilh thryr•heMi4 Owtctor arnl Proh3UrwI ind•mnity. lthlty in p Fund• h4d •• ¢u•todthn for otlwrn No funds arg hekj as custodian on behatf of l¢)Uw than GTeyhwnd Tnjst Brnnchos wh) 811 owrato und•r IhF Greyhound Tru¥t Chanty Numw). OBJECTIVES AND ACTMTIES Gr&Wiound Trust established as an ind8Fortht charity ty lh• 9rhound rnang indu5ty in 1975 10 home retir•J racAThJ greythoundg. Ils l0mwfy, Il chwity has Irnl 130.(tNI rac gr•fvunds and homed 1352 grnyhound$ in 2023. Th• (knhnd Trust 18 ? ¢Jay kn al r•lirg ) horms and •r• Ireltod Y+ilh Mpa6On and kiTh4n•ss'. We are m•mb8rs of th• UK InmalK Gray1r1 FoNm'. PTovlir¥J ¢Jpportunlties to angagg th r•lwrt 8lakvJlkn to th8 dMlopm•nt of r8bv4nt policy, in lim tMthour d)ia¢bv8S. Greyhound Trusl (y•r#ts an IU$Ne approach Tfvilh ¥ Tmde wup of stakeholders", incIlIJ Ilare charib•s, hthmlng organisathon$ and those invcknl wth ond r•Frfg$gnb"r¥J th? greyhound racirvj indu5ty. W• b1 that thls inc•1¥¢ approath m&ximises Ihg pogtr¥P for the greyhounds that work ¥th and thos• that ac1 rac4. Our mission b to provlo bright fvjtures aThJ rj rplired racKvJ grey1j8. by.. H•lping grhoundS Ir•¥tyiioTh frL¥n rawJ and mathlrYJ Il•n tlw wll Ihrb their rth"r8m8rt and: Caring for and rfrhoming 0thorgrwfvwXts in neJ. and,. PrOv1j p)5t siw to rna¥ine ts 8ucfA85 ofeaL gra1 knm•d. We lurthw our tharitsble otl'ecti¥ and onsuro dwèdpLt4¢ ljpnpfft by.. Fad#atirg the homing ofrntired our N8tMywl BranL network., Raising tha profilg of groyhwrKJ¥ reluirvj raLyrvJ and w(¥notirtrJ Ih8tr suitability 0$ pely and ¢crfnpan1c$. with cther th6tablè to prwnol• WolMI wthr ar•J fThl suitabl• homès for 9rpyhowKIg,' Prtiwdin9 vobJnteerKig OppOnit10$, ond Tfvpre Suitable. faclitatiThJ Vdvm •aueat4)nal and thapol¢ Outmth wng greyhounds surtth for w>wi8nces with thiJn, Ihe ehJedy, those ilh aJdthcrfHI well 8&thcqeTW w• urMl tsmi¥111. brpfii uTrJgrpwry th• Chwtys work al thwitat49 tliretor5 ward to 1h8 CfrArity Comrni89i0rf5 pliC t•rfit5WitYv• Ilw tixorcix relevant aNI duti9S. P•Je 3
REPORT OF THE TRUSTEES FC¥i THE YEAR ENDED 31 DECEIIIBER 2023 ACHIEVEMENTS AND PERFORIIAMCE The Board of Orrt aThJ to our thanps b) al staff. by)nIr8 aThl supportars lortholr cthimth•nl ar#1 supportto Groy¥yx¥J Iw. rernab1e GreyhowJ Trust Ynter$. fv cth)lirnJ of ow supporters and fv hard vrnrk •ThJ Jpnce of ow Nation81 SupwiT•am. Th• Trust Mrnad 1352 r•lknJ rndng gr6ytKuvJ noiwc•, 8wptyfyd by 856 acti vohJnteer5 in the aT. OURVOLUNTEER8 Wrth 656 aGtibp voluntews au053 tknhound Tn•t 14.047 Murs par monlh. vthjntsers are freely ging on wnmgn99 omount oitim• Ihat •quat•s to 86.5 momborg of fub"M• ¥taff pw month. INhen In th& annual contex( valua of t•ccxn6s enonna. wth Volte[s gilb.ng 168.564 hours pgr year, wl¥ch Calc al Nali¢y41 Wa. ¢J¥gr £1.9 million pour5 (to specffic £1.W28.372.16). Eath I1 every voluntopr. v•tste¥pr wNvnbFr of how$ ltroy to Ih8 TnJ5t, are wnmew valued. Word5 ¢annol how 9rstolul Grèyhound Tfttst volunlows who we so to home retirnd ro¢wvJ groyhounds. R•tio of FTE stsff to Vduntoers." 133. ilh rats Ias1j o¥w furflw ts 1..74. Wh konnol stsff are emoNd from th& ¢8l¢ul8bM. FINANCIAL REVIEYI As u rknonty vr4 are on vokwary COntrt to Iho $t ol Trttst acb.wbos and aro extr•mdy gratefvl to 0ry iFvvknl Ihgl st¢pyt8d vital 2023, by donating. a legaof. IKffiing a greyhound or r•0 mak• gr•at Fts. Th• ch•Dty contruK to r•c•v4 r•ducwJ frryn RacirvJ In 2023 tho grwhound rneAfWJ contrknub.on was al its Ilwt as far as ru ts$tOri rec(¥ extend. acccwting for onty 7 % of our income1£312,775). GreyhouFKI Twi gr•yhound$ our car•. w8r• financially ynwpportgd by ts Grgyhjund RauwvJ Industy •) way. to ensuro that they had the ¢wporNAnty of b&ing homod. Thanks to ts coMilmwL urNvaNwirvJ de(Irakn haryl ol staff. tru8lws and voluntsern. ¢rykn'nug Itj l as mary as can, despite the twgh oNronm•nt and the orvJ(ing financ WureS of Ihe t*Jst pandemK lands¢g
GReYHCXJhlD TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED J1 DECEIIBER 2023 FINANCIAL REVIEW ICONT4UED) Summary oflhe Tgsuts for yw v•J IM r•sourc89 deFW at 310gwnber2Wd3 N as folm.. 2022 Total irne 4,487,999 3,$41.415 Chwitable acbvib8S Co8tofg•nerab"ThJ fvnds CJ)8t ofsaes tradirvJ Expenditur• oflrnthn9 8thklFary 2.177,522 117,843 2,433,721 114,168 33,369 182.409 197.099 Not movernent in fvnds 1.975.538 777.748 IDeY1nCreaSo in v•lu• of inwthi 4.536 Total fvnds 01 stwtof>ar Not Incrgose in fvrnls Total funds al •r•J of year 8.SB2,612 1.975,536 8.558.148 s.9.400 773.212 8.582.812 ElwltUre for the y•ar inclthlfng al ¢h¥rity a$ £2.295.365. ts¢4 the homh)g.of 1352 rnthr¢(I r8c4ng gWOu1$. It is t1ilfirAAt lo iThJate an egtina for th¢ ¢¥)¥t of hCl[¥d a greyund, as costs vary SUne&)Y dppeTrJry on tlw methcal. behaVr no8ds of ¢¥¢h weyhound. Th8 uud• bah levd 8verag• of £1.897.75 pgr dog {•wdthJr• the nunber of dogs hom•Jl rofiocts tho ornpknw ol the aciMtie8 ol Gi•fftur•J Trust som• cart Stsy in kne1$ for over six months and It Is not unexF¢rted Ihat th• financkqls ofthè 2W23, 9)nt¥ kn st#x 4Thfi¢•nl 8rw)mths %th8n compar¢d to pre co years. It i% iryW35ible lo w8dici hrw bJvJ [w>)vY Sn greyhourd hcyniry take. 05P8ci81 gn Ihal financial lar¥JSCa app¢5 to be cons0knJafy into long terrn finanad wessLWO5 for 8 5igrwficant proporbon oftho population. w#J for m•hy, th8 rKWal prgssuw ¢tinl0 Y)rn•n. Th• ¢o$l to home a WK¥ea5e: largth to glWIN1$ ta(ing b)nr to homa due to lack ol demand frC lh8 publ gThJ ow operatio cost baso boing $vJnifK•nty Nnpactsd by infiat)n. 2023 cost wrdcg.. £1,697 {2022: £1.447 2021: £1.9) and W ot stay 115 •12022'. 88 2021. 67). Th• Fund balance at 31st Da¢¢rrthr 2023 8toc¥J at £8.558,418 (%122.. £6,582.8121 consisb"rpJ ol Untr1 lunds Inon Branehl £8.264,019. restrided knnd$ locty at Branch Iw•l £186,774. •nd restri¢led fvrKIs £107.355. Th• £8.264.019 unrastThal fvTrJs fryod as of £4,9.245, wthh £4.488,gJ3 bging other central unrnstn.Ct luthas. Thè Ttysts vtholty ownod tradirg GrBYhTh1 E¥nts Lttl m•dp a IDsg. Thoro ar• plans to wlor• rosinJcbJriThJ th• WfdtiNJ rnojel in 2024r2025 to rndurA• Storw i firnent o)sts. and uJts"rnatdy as5ilt th• o)mpanyto bra&k èv¢n or OFerat8 at a k¥ofiL Greythound Trust Board ha tsjnsK1etl the inpact of trading ¥ubBidiary on tho Chanty and We mintsj trmt rplatimhip it 8ngend9rn swjporters and hvjh-qualty greyhound w)Js COD SUFfy. that tho j010 of thè subsidiary Is d•sirab. d¢sMe the lad it has madè a in ts . Pg• S
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 R•••rv•• p•ly •nd oWTM• Tho Board of Dirndors rnview tr• r•sorv•s pJliLy a¥ pw Clwity C<nmissOon guklwTh and morw6 th• dynamic flucbjations of tho thwty by adlriw to gub3•n lo knJulaty monitcff #nd th• efv¢Aiwo88 of th• pdicy In tm IwJhl of th• fundiThJ and fmnc481 ¢hn8ts and olher risks.. This means that de(>s$ awrKI Imls • aTrJ aptj in line wlh thg charltys needs. The Ch8fitys rwryo8 pcA• i of oxtwKlr Ibu•J on prewus ars submlted xc¥yJtsl tr#Jt aho der ts c1 in re5pe¢t of magM)g th dynarn flu¢bJations and ne•ds of th• charity. Ths con1trgCY is nL wtsnded to sowy b• a wt of monoy that afflrth3 Grefftun¢J Tn¢t to a fLmdwwJ {¥ lor 6 mrmthB. 11 i¥ to a flnancAd trffer that p¢rnrfo tP• Bod io pay dgbts. asse Ilw currvrt rarpJm¥lanc4s arml deade upon tho best strategy for ts lukn. wh may b• wu•L ¢r may to opera modd8 and cost base. Futw• plan¥ Llka many Lyganisations, Grgyhwwj Trust are ¥1• Miwacknl by the PDSI COVIO-19 pgrthm landscapo, whi¢ is ojrnplY ryJt ot bl• Chaws It appears that thts ¢onlwiuBd ¥•rious and wia05pr&ad chalknnge5 around thg wxomy, inflatton aThl cost of IbVVWJ are the rvw nonnal, and Greyhod Twsl tho financ4 lMlscy to contirwJ• to inp¥¢t on fuNtraory •nd gra[jA homiThJ into 2024 8nd boyond. Given tP Ctind unc•rta¥ty into 2024. Gr•ylthThJ Tntst Mll loc mairtsinw W[+ poss.,bl•, rea81ThJ ststslity of doy-trday homing work. gre>thrndS as thj raismg awar8nw8 ol the Charty and th wor wrth the rt moY•m•ntof Lxw•strthd fvnds. lknlvJrKI Tn1¥ expkw• oppthmths > strwvJth8n the sthilty of Irxabw throLKJh fiJtlwe•itsl $byl
REPORT OF THE TRUSTEES FOR THE YEAR ENDED J1 DECEMBER 2025 STATEMENT OF TRUSTEES RESPONSI8LITES Th• T(ustsè$ ar• rt$wnsl)le for pr•parirvJ thg Truytees, r•port and finanoal ¥tatemgnts in xcordan¢• with applicabl# law •r#Y Unr•d Stwthrds {UniknJ G•Mr Acrnpbj Aunb"rj Prath"c•l. The law applicabl8 to eharits li Ernd Wales, IM char89 2011. Ch8nty lACnts and R¢portg) RO980n$ 2()8 and proviqions of th& trust deed requir•s th8 T(usts•s to praparg fincIal statthn&nts for each financ14 whi¢h 9Ne a tnJ• and lairNi• ol Jt¥te of aff•'r3 of Ihe chwty •¥J of Ihe incoming rwiuw and aFvhcab'on o1rns0ur. widudir¥3 Ihg and oxpgbNlith. ofthg thwity for thit p•thL)J. In pr8paring thès• finants 8t¥temert4 lh8 Truso$ are (8 kn.. . soIKt suitAb accon9 Fthies aNI ?pptyth ' mak01lMents aThl acGountiNJ ¢slinates that ra•SOn and fftAlint ' State wh8th•r applica aw)uritry slarvjards ha4• f(4lrywJ, Sle(# matwwl ¢Yep¥bJres ¢Ji8¢k>¥ed aTrd e¥j in lh• frAncial ¥t•Wngnts'. ' pr¢par• th¢ finwtsal Slateme on goirg c1M basis rt is h71pprq to w6sume that tr ¢hg1itywll ntinU0 in bJsin899. accuracy at gny tim8 fiwwKial postion of clwity 8WKI to enab18 th8m to arUr8 that th? finanaal ¥tst•rnents c4Jmtty wNh lh• Chailts Act 2011. tha IAc¢ounts ar Repytsl A1&.3 2008 ond the pro¥l$ions of the Trust D8•J. Thgy also rosFmibl8 sa(•gu8rding thg a539ts of tho chanty •nd hgnc• tsklNJ wo8onable stsps ¥TrJ dots¢on offrwd and ottw rnguhl$. This roptsrt was ar4110ved by Trust. on J on thgir Ixhalf Prof•Mor Siw•n D••n Ch•lmi•n ol th• Grtyhound Trt Board of tXr•ckn¥ For •nd on lJ•h•lf olGr•Yh0d Tr1 Tru•t•• Lknlt•d P*Jo 7
GREYHOUXO TRUST Oplnlon Wg ha •udit•J finan(ial statern of Gi•ylthrKI Tnmt (th8 fw the year en¢Jed 31 Dgc•rnr 2023 on pagos 11 to 27. Stat•mert of Activths. ln¢# SheoL Ihe Stsl•Mnt aNI rK>s to Ihe A)dudry a summary of Signfficant OicNys. Th• rewbThJ that bmn appli•J in their preparabm 1$ AlUnting Prprb"cg1. In tyjr o&¥rwJn the finawwl s18t8m1$.' gi a t and fair yiw of ts $tAto of IM chwWs affairs a8 at 31 Dgcertw 2023 ar of Its ¢tynry ro¥ourc83 AF¢I4on 0fresl>L. torts ar In •ThJ•d,' ha¥ pryrty ed li accryd•rK Tith Unitsd ngdoM G•n•rnlty P A¢ctyJnb"wJ Prnctice., and hav• be•n epar1 in awKthn(ilhth• req1 olts Chai Act2011 have been wepartrJ in •¢adart Thththè Ch•rii05 Tnthe Investrngnt IS¢oUand} Act 2CIA arKI rngukn.l 8 ofthe Clw48 A¢¢owts (S))0w) R•gulabons 20(ffj la8 ame1#dI. 8a•h for oplrfon We o)nduet8d our audit In a(zordanc• Inta"orl Sl•hJwd5 on AJrtty (UK) IISAS IUK)) and applrAble law. Our rtsponsibl.8S under staTrJards fvrther dgsrrribod in the Au¢litors rospon$ibilti•s lor Ihe M1it ol the ffinanc4 stalemwts 39rtion of our r•pori We arn lThtsp9ndt Of th• cliarity in acco¢ tMth Ihe olhical r1meT that aro rO1•1t10 ow autht ofthg fimntyal atal•m•nts li tho UK IncIlij tho FRQS Etticaj SlaThJarf. WKI * hab luffil8d wr olher ethical mponsiilib•8 In ac¢ord8nc8 wth these requirwnents. W• b81th• thatthe ha¥a obiaid is suffici•nt and apprCSJrte to prowdp ? bo$i$ for tyjr oklnKJn. Conclu•lon• rnlltlng to golny conc•rn Wo ha nothing to report In ¥esp•X of tho m8ts thi rolabon b) wlyth the IS45 IUIQ Lt8 to to you vther¢ the twsto05' w of th¢ bass of aco)unlwii Ihe mr"on ot financial thg ha not dTS()s&J in the financ•1 $t8w•nts any thntifi•a material uThxrtaint that may cast SignifKxnt doubt abrttr th.tyto conwnue to adopt the 99 conc•m baso of acccKmting tr a period of at l•ast m(xth tr(xn dts the finarnyal Oth•r Inforniatlon Ind18d in knual Report olher ihan ts finanual slatsMts our Report of tho Ind1j•nt Auditorn Ih•r•on. Our opin of the th•n¢1 8tsttmJ dott r*rt c•wr tho (Ihor lif0mts do not ¥xpr89s Any fomi of onIon orasswan¢o th•rn. P86
REPORT OF ThE IMDEPENDENT AUOITORS TO THE MEIABERS OF In connection ¥Ah our of t stAbm•ts. our to re•J other knfonnation ¥nd. in (A)9 so. consKler vthether the other inlormats.cm is Matèrial incNtsistont finanekql statgm8nts or our kno1¢9 ¢bts"rnd in awth"t (x ap3 to bg makni misstabj. If w8 identhfy Buth rnatsrial In9$18lC5 or appamt mtal•M0nts. w• ar• rnquirnd to 4gterrnin wh•thw thèr• 1$ a m•bri•l mostkn fin)nal statoments or o mthrtal mi88tat•m•nt of tho oth•f infmation. 11. bas(#J on the WO rf0•d. cond that 4 mat•iial misstatèm•nt ol ItM8 othw irfrffiiatic, * •ro to that fact We have nothlng to f8FQrt this rwjwd. Matt•r• ¢>n fhl¢h arn rnqulrnd to r•port by •xe•ptlon We have nothing to report in Set of mottors Chaiiiw Act 2011 Tw4UlrnS US to rePt ) you if. In our otin.. tho infonnation gNon of Ihw Tnrnto9¥ i¥ in any mthrial r•8pod ilh th8 finwal 8tatwnenls'. or suffKienl acajuntwig recorfs have not been kopt or th fin8n¢io1 st¥twnents •rg Trjt in wementilh ts a(y>xiniry record5 and f•tw.. or tA ha Mtrncibd thy tho Infcrfm•titsn re4uTe tr OUT4j[L Ag e>plained rn0 fvthi in tho Statwn•nt of Trt••3 RwnglHItM, lh• trust••s r•sp)n9ibl8 frr tha prop4rabon of th finanty81 ststements a true wvl faK vivw. for Buc ini•mal control as th8 det¢mil 1$ r¢¢wary to enable Ihe of sta0n15 that are fr•• from matsMI ml8Stat•mtt. tthr (k to fr81 fxwmr. In pr•p8rifvd th¢ staknnewd Ihp truslBes are for as8•1 th• chaws abilty to ntinuo as a going ojrthm. disdoslng. as aA)hcabl•, mgttors 10 9uiwvJ cLYKem and using the gow conc•m ba818 of accounb.ng Ltnloss Ihe trusl8•3 •itrw intsrJ to Ib>Md th? thartty or tD vrab0, Audltorn. r••pon•lblltl•• forth• audll alth• fmnclal •lAtam Our obJ"gcb"voS arn to obtsii F¥a8onabb ai>xrt Iho fin3ncwl 8lakngnts as a Ithole are free from material rni5Statemert whothef du8 kn fra ty error. 4r4 b) k%gug a Ropvrt of the IndgperKlpnl that indL&l8s q)Min. R•a8Mablo amur8 15 8 hNh 18vd of asswance, bjt 15 not guaranto9 that An audit Cthguctsd actudanr wilh IS4 {UK) akvays dèt a m)t•rial mi$$t•m¢nt en il lSts. Misstatemerts arse fr(rn fraKI or 8rnY consl8r•d ma181 rf, Ind81 or in th8 aggrngato, thèy ¢oukl roason)ly bo to the ecrmmic dec1 ofusws tak•n on th• basis 01th fin8ndal stAtthn A lurth8r d•suipthon of our wponsithkn audit of the fin81 statemenls 15 ICa on tho Finana81 R8pO.ng CcKmul's ¥¥•b8it8 at wmw.frt..ukl8Il(mIb1lrfw. This dO$Wbon fomis part ofour Raport ol th• 1rnd•ThtAjf&Xs. Irrngulgrths, rudIng lrnyd. of wth Tr•8 and r¢quL4tion$. We de5vJn pre(lur•S in lirn wth r•spon$tAlthos. txthpd aboN. to dgtort matsial mithmgnts in of irregularits85. InCIj1a fraud. Tha &xtsnt lo wc•Jwps are of dgtectirvj ¥re4ants93, In¢dIng fraud is detail tknw. Frcffi discussi1 v¥h rnanapnent aTrJ Ilme charged gownm inf0rn9ti out thg gntity is Oxunèntsd to a8se5S t actiwty wittNn ts rxganlsatK. We thscuss as88ssmènl of rf$k in of iTh•Jularth5. fraud concem. Pap9
Basad on Ih•s• diseusglons our ¢yn asses9m•nts d•t8fmln•d that th8 key r&k ar•as ww• irMm• r¢¢Ogn.0n m rnspo¢t tsf ¢Lrt off nc•Mo racognilitin and m¥w•nt 0rrid8 conceminq the slze of Iho organlsalio We set finanoal statement rnatenty ba5•J on ol ilKL. As • I1 for profft organwtitsn rang irtomo o ts primary whi¢h Is why ¥As ua•d to d818miin8 1h• 18wl of mat•ridty. Our Substan1 audit tssts ¢rnd al ass•ss¥wJ and testiTrJ Syst The systwns and ¢ontrds have b¢on d05iwd to #ct as a mUr •3•'nstfraud #nd q>or•ting 4$ do¢wKtrntsd. SStants tssbrvj • s•npb rf Iho popul•tty. Int8b of Iho pow18b. 18nbfy ermrs. Th• teslng dkj notid8rt.fy any mtsigl mMtAt•m8nts ui t•st•J. SthtantI tssts coKkKlod no •Thorn ovw rwk of irKx¥ne rocognthon and m•waem•nt overrth. Th& audlt consklers th• Is malend tsk of •rrnr ¥ • ra8uIt ot aS8898iThJ laws Ind wulatiO that w• appropn tolhb Managem1 there YI gowwj crybxm L¥Klwknok a of A fvrther descrwon of ow reSpon¥ble$ ts the audrt of lh8 finanoal slatements located on th8 Fin¢4 Repryb"r¥J Councf5 web5rt9 •t W•AW.frC.wJ.ukJoIrtor$T¢$pWdts$. Tho f5 pwi of our Rwrt ol the IndgwthlP4th0rn. Ug• of our r•port Tht5 report M mJ8 solety lo th8 cknaritys trusts8s, as a tx)ty. In •xvdanL ilh S•th"on 144 of th• CharrtP5 Ad 2011 aThJ reguIth(w made uTrJer Secl( 154 of that ACL Our audit w(¥k ha5 been YtJJ8rtakon so thatwe mitht stats to tr charitls trus0S thosè mthrs to to th•m in n auditor¥' reF4)rt and fw no othr purpxg. To th? ltht extent pwmrtted by lThf, we do not 8CL• or assume rn5PCThtJility to anyone a than the (anty aThJ th8 ch¥Ws tntstses al a bly. for our wdlt is Cr(Kkn Lknlt8d Chartered Arxountsnts Statutory Auditors Eligikle to ad as 4n audrtor SeLon 1212 olts ComwMBs AGt20L Stsbon Howe North Str¢o1 Havant HampslM"r• Pw10
GREYHOUND TrUST C(*4SOLNTED STATEMENT F•IANCL4LACTMTIES IINCORPORATING A CONSOLDATED INCOME AND EXPENDITURE ACCOUN FOR THE YEAR ENOED J1 DECEMBER 2023 Total Fund 2023 Totsl Fund• 2022 Fun Fund• COIAE FRO Don&trts and Jegao•s Oihor tradi aCtNioI oth•r IOrn• 3.609.033 536.275 317.087 3.614.637 538.275 317,087 2,449.412 686.gJ3 405.100 Tot•1 4.462.3Y4 4,467,999 3,541.415 EXPENuRE OM Raisww fundj Olh•r tlirj •ctTrAtkrys 117.843 197.C89 117.843 197.099 114.168 215,778 ¢harlt•bl•4ctMt Kenlling Acbwb•s Votsrinary fees Br8nch cos Educatn arnl awwenoss Homa findiig oypenses 1213.eAJ4 248 039 6&8.929 48.114 10,834 1.213.604 248.039 656,929 48.114 10.834 1.011.224 2%.487 1.071.298 39.442 15,270 Totsl 2,491462 2.492,482 2.783,867 N•t gal110$8} on inwsimorts NET INCOIWIEXPEKDITUR 1..931 1.975.536 773,212 Trnn•f•rn b•iw••n fund• NET MOVEMENT IN FUNDS 1.894.931 119.395) 1.97&536 773.212 RECONCIUATION OF FUNDS Totsl fvThls brought foThvard 6.455. 126.750 6.582.612 5.809,400 TOTAL FUNDS CARRIED FORWARD 8.450.793 107.355 6.582,612 11
AT 31 DECEMBER 2023 Gvoup ChaTIty 2022 Charfty 2122 2023 FIXEO ASSETS Tangible assets Inv¢stynonts 14 1S 4.W245 3.W.891 4.C.24s 3.997,891 4.iX9.245 3.997.891 4,Cfj9.247 3.997 893 CURRENT ASSETS Stock$ D•btor8 Investments Cash at bank and in h•KI le 17 18 18.544 477.563 492.012 544.918 545 4.099.989 576,421 1,892 2.555,498 4.133.174 2.617,922 4.629.826 3.134.$30 4.e45.452 3.133.811 CREDITOR3 knnts dueiith one 19 (140.¥23) 1181,5ryJ) 1118,) NET CURRENT ASSETS 4.4188.W3 2.953.030 4.529.386 2.,703 TOTAL ASSETS LESS CURREKf LIABluT 8.S58.148 6.950,922 8.598.603 6.961,597 CREDifoRS Amounts lallNJ du• in mor• th•n 1368.3101 (368,310) NET A88ETS 8.558.148 8582.612 8.598.603 FUNDS Unrgstrthj fvnds Restricted fvnds 8.W.793 107.355 6.455.862 126,750 8.491,248 107.355 8.469,537 120,750 TOTAL FUNI)S 8.558,148 6.5B2.612 8,598.603 6.596,287 Th? ststwnonts re oA)ml by 1h• Board of TrL&%la•s c signed on Iheirbehal by". ChAlrnian olth• Gr•yhound TN•t Brd of Dlr•¢torn Forand on b•halfol Grnyhound TnMtTnt•• Lkn*•d P4• 12
CONSOLIMTED STATEIIEIIT OF C¥l8HFLIYI13 FOR THE YEAR ENDED 31 DECEMBER 2D23 Gro Ch•rfty 2Q22 charlty 2022 2023 Ca•h Ilow• from op•r•trg •¢UvKI•• Cash gon8rnt•J from operdl¥)n$ 24 2.057.27T 670.832 2.t1&3.517 669.675 C••h provld•d ty luwd In) op•¥allng 11¥1 2.Cfj7,277 670,832 2.rTh,517 669,675 Cuh Ilow• lrnm Inv••flng dl¥W Purch8s• of tarmjib ffix8d assats Purchas• of f8 ass•t inv•st SBlo offix•d ass8t VaStMentS Interest r•cwbd 1159.4421 (1.971) R5301 18,126 (159.4421 (180,9711 (2.530) 18.128 1,147 11,742 1.147 11.742 Ca•h pyo¥ld•d by lug•d In) a¢UvlllJ 1146.5541 1162.0481 (148,$541 {162.0461 Ca•h Ill4 lkn•nclnA •¢tlYlll•• Loan repaymgnts In year Inierest paMI 1388.639) 18.8331 129.9191 1388.6391 (12,1281 (8.8331 129,9191 112.1281 CHh provld•d by {u••d In) fftn•ncknll 1395.472) (42.047) (395.4721 {42.0471 Chang• in Gash eash ttwi¥al8nts n tr porting poriod 1.515.251 486,740 1.S44.491 485,582 Cash and cash 8quivAl8nts at th• ofthe reporfwig peric 2.617.922 2.151.182 2.555,498 2.OB9,916 Total ca•h •tth• •nd ofth•yMr 4.133.173 2.617,922 4.099,989 1555,498 P•3• 13
GREYHOUND TRUST NOTES TO TrE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEC&IIBER 2023 1. ACCOUNTINQ POLKES 8••h of pr•parlng th• fln•ncl•l gt•t•m•nts The fthanraal statements irf the thwity. 1$ 4 tyblK benth under FRS 102. ho b¢on prepor¢d In accordan Charhles SORP (FRS 102) ACCIng and RepL¥ting by CharibeB: stalomnt of Recomrnond¢d Pr¥ti applicable lo charmfies prepaikng Ihe acCnIS kn accordance with the Financial Reporling Sthndhrd applicab in the UK and R•publi¢ of Ir8lwd (FRS 1021 leffecuve 1 January 20191,, and the Charilies Act 2011. 81AteMen have b••n pr•parnd undvr Ihe hlslorf¢al rnst a¥tiOn. (knihound Trust mwts th• daffinon ol • bonefrt tity WKlor FRS 102. A¥Bets wwj liabilibe¥ aTe recognls•d at Nsknic41 cost or wlue urkn otheThtyi¥e ¥tatgd relev4nl accounting l1¢Y nolo($1. crftlC •ccounllng Iwlgwn•nt• k•y •owcM ol••tkn•llon uncwl•lnty The 1C81 judgement that the Trustees have rrkwje n the prvce8¥ of opptyiwwj the K¢ounling pdldes that ha the rnost significant •lt•d on recrynwj in the statUtY finandal stst•m•nts ar• Jiscussed b81ow. In ai88ssin9 vthether there be•n #ty or itrywwmgnt ol 9$ts. th? Tnot•u hov• considered both extern and internal sources of inf0ryn1on suth martet condibons. covnlgrparty cmdf( rOng$ and expertence or reco¥waW. Thwe have been no in¢lLorn of Iraln id•nlrfied dwing the cuffenl financial year. In Due to the stralght foThMrd nature of TA$ n•18. the T¥t0•S do ntst balio¥o that the are any esUmatSon uncertaknties that have a wnifficant ri3k of rAu8ing a n42terial adjuslmenl to the rryi)g anK)ts of a¥•et8 and liatlits•s within rxl flnandal yw. GP flnandal •tat•m•nts The financSal stalements c(fflsolldale the Testh Of1 ¢hathy AThJ it8 $uhidiary Gityhound Ents Ltrl on • 11-bY4n¢ ba5. A separate Slatement of Ftrnaal Activities and Inco and Expenditure A¢nI for th chaiity has Th)t been presented becaus& th• Trust has taken fvar41ago of the exen¥>ts'on afforded by seclion 408 of the C(wwue8 Act 21. In¢om• Inco fis re¢ognl8¢d when Ihe chw6ty has onl11et to the fvnts. any condrfaon8 attach•d to the Itemls) of Income have tReN rt it 1$ Ihat th• •Kom• wim b• I•rd •nd th• anmbunt can b• mMsur•d r•llat4v. In¢om8 frcth 9trrnmtrffit and tther wanls. 'caWI ' grants or trevenue, grants. is reD)gn15ed vthen the charity has entrflernent lo the lund8, any perfomwn¢• rA)nditth$ attached to th• h•¥• been nt. it is Probable that the I)me be rtceTrftd and thts nt be mts¥sur¢d reli•bty and nol d•fery•d. For lagackn. •nlHlThnt is lak as tho •arler of thfr date eilher. the chwity is aware that probate ho$ b•en gront•d. lh• •state has been Ihallsed arkl MtifiCatn has been mado by th• executor(Bl to the TTh8lthal a diBtribution w• b¢ rT*d•, or wh•n & distri1tion ¢1 r•e•i¥èd from thè •stat•. Page 14
NOTES TO THE FINJICIAL STATENTs FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTINO POLICIES Icontlnu•d) Recalpl of a l•gaq. in thole or is prUble vknen the amount can be naSUr0d reliabty and the chwity has b tIfied of exeartorfs inteon ) a distnbuti. Where leleS ha¥8 be notified lo Ihe charity. the thity r6 of the anting of wobate, and th• trtteria for Irme r•cfjgnitson hav• Th)t met. then the legxy is trg•J as • (nI aH8t thsdosod if material. Exp•ndMuy• Liabillies are Twnised as expendilurn as soon a8 tharn o ¥ legal or ti)nse owigattyi ¢ommiiting the charity lo that XnlIUrÉ, it is that a t[sfer of KrJKXniC bwfits il be requir•d in 5•tU•menl aNJ Ihe 4mounl of the OblitsCffl can be mwured 11. Expenditur8 is acoJunt•J for on an aCtS basis and has been ¢lassified der he•ry that aggregatè all eosts r¢lalad lo the category. Whwe $ts ¢annot be dwedy attt>ut•d to h•rys thty have been alktd tr) ad¥itie$ on ba consistent wth th• uA• d r•sow¢ts. InxoveraNe VAT is at a cosl againsl tr a¢li¥ityftywlwth Ih8 expwmthtixe was incurnd. Alocatlon and appOrtnmntoI ¢0•¢ Support ¢oBts are those functs)ns ttrAt asso1 th¢ wtyk of thè drity tmrt do rwA dlrac undertake charilable •thilies. Support CQ5ts Indle b¥J( ofte o)sts, firwiLX, pev50nn8f, payrol and govern•K• Q)8ts whi¢h support the Trusfs wogrammes act¥ili•s. Thas• have been al¢8 cost of raising fvTha$ aNJ &Ypeni&twe L¥) 4th8& The be$ cffl swort tt18ts hav• b•8n alhxd afe set note 9. Tangiblfj fix•d a•••ts DeprtiOn 1$ pro¥wJqd ¥1 the foknir¥J rs to ie off epKh aslet 0r Its 88iim#ted UBeful life. Freehokl propwty (dulln9 yoperty purd5eB) Office equipment and k8nn81 assét8 motor¥theS . 25% on clt 8to¢k• Stock is induded at Ihe l(Mer of or r1 r•alisaU& Yye. OrThted item5 of stock arg roo)gnised at fw value 1$ Ihe amount the charity would havv been trj pay the items on the open markeL Taxatlon The charity bs oxempt fnhTn on ts dwnlth •Xl¥rf8. Fund accounting Unrestrici8(I fld$ Can u8¢d in wih ts dwrfat48 <I)i¢(iveJ at the thcrelion of th• InJstee$. Restrided funds onty h u8•d for ptNJAar restri pwpow wittin th? oiieLti of the ¢arity. RèicJns aiise ¥4then 8pwJfied ty Ihe OrThln Iad p¥tiwlw restri(aed purwjses. Further expthnalbjn ol the natlre wrpow cl exh fund is itrK*A8d in th• nths to ffinanri Pty8 15
IIOTES TO THE FINA14CLIL STATEII&¥TS FOR THE YEAR ENDED 31 DECEMBER 2023 . ACC(xipinMO POLICIES le•ntlnwdJ Hlrn PUh• •nd l•a•lng MIlM•tI R¢nt81s panl under operth ka8e5 are dwrpd to th• Stt¢nl ol F¥i•rK1•IAclTr0> on o 8tralghl h"n8 ba%"s owrthe pericJ ofthe18¥ The oper4ted 4 ¢ontnbubon pOnSK 5theme. C0nlnl)ur payabl? to tho ¢8riVs Fln•n¢knl In•tnwn•n¢• Finanual as?ots and li•tilth• arn r•eo3Th"8•d b•MmN party to th• ¢ontTadual prthisiorr& of tho finan¢ial InslnHnenL The cornpary hokls bax fin•noo1 irtststhn•nis comw Fmandal ass•ts. dossifi•d •5 bas Cash at bonk •nd in hand Intkmlè eash in harml. dèposits W with bars, olher ghorklwm highty )wJ investments with origna Matur81 ofllw80 MI3 or bo55. Trada and other receNJles a recwised •t tho trwaetion prK•, indudlTrJ any transaction costs. ArnOts that ar¢ cthè m••SW at th• amount of th agh gXFeCtoI to bè rocibd. nat of any Impairm•nt. At Ih• end ol 8Ach r8poth'ThJ perictyj. tho chty vhthpr th?Te olig¢bve wdenc• that a amount may be Thpairwj. A lor imp?inn•nt is 9slb9h8d wh&n there is cJiecbv8 den that thanty VA nrt b• th to coleLt al nOUnts due ¥thn9 to thtr ori91n kn8 of thè re¢eN•Wos. Tho of th8 pn)vision i8 ihe thfferenc8 betswn tr assrfa t1r4 amount and th& present ol timatej future cash 1kn. (ISCOld Ai offOCb4 intarnat ratè. Tr amount of Ihe wo¥isi(ffi is recogni1 pmfft 1. Finan¢ial liabilOe¥- bax finanLaal Inslnnenls Tradè and othor payables loans and IrlI m&OSL•J at lh8 transadon pr, induding any transaction eoits. and subseq&• measured at •mortiFod Gt lI¥j th• offectN intowl m¢thtsJ. trt payth one ypar aro m•a8urgd at Ih? di¥counted Ount of th• cash to pam G9 ¢on¢•m The Trusts pJntinug to behe Ih¥t Il Trust IAS aUats resources to conlinuè li Operation 9¥1n¢? for tr 1tK•S88at0 fulwe. Fcff th reas, the Tnulees h8b ¢trtin to adopt going concem basis in fAwrio18lalnts. p18
NOTES TO THE FPIANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Z. FIP4ANCIALACTMT1&8 OF ThE CHARITY The finanoa actrétss sh¢y•ffi ¢on$0j gtAt&Mgnt those ofth• cwWs 8ubsK1w. GrgyhouThJ Eyants Ltyl. 2023 2022 Total incomwvJ f•sour Total e¥pendthre on cha89 Not g•in8llh)58esl on inve8lm•nts 4.297.679 12,295.3831 3,362,332 {2,570.9091 14.538 1002,318 786,8B7 Tolal funds brought trj81J T¢)tsl thJnds ¢affd forward 6.596,287 5,809.400 8.598,603 8,5.287 by: Rè8trictsd hJNI$ Unrostrt¢d f4md• 107,3S5 8.491.248 8,598.603 126,750 0,469.537 6.596,2B7 3. INCOME FROII COMMERCIAL TIIADING QPERATIOIIS Gr•yhound Ewnts Ltd IR•gl•t•rnd Compwy nwnb•r. 038258991 Th& ch8ritrls wholty ITathNJ subsKlwry. GroyhouTrJ Events Ltd, whb IB cOrporated in En9land d Wales. donate al of ts profits b th• charty Und•r1 gift aNJ sch8m•. Grund Evert8 Ltd opargtos the commerrAal trading cprthons ¢#r1 on atth• ¢>vJfhound Trust The foknw"ng1g o¥tra¢t ofthe finan $latFMts of Grey•Kw Ents Ltrl year 8n¢Jg4 31 D¢c•mbgr 2023.. 2D23 2022 Tumover Cost of sa$ •JmAii8tr4b wen5es Profit tefore tax Corporation tax Profit atsr tax Profits distributgj to the charity R8¢ain¢d in 5thidi 170.320 1199,744 181,534 195,209 (29.424) (13.675) 129.4241 113.67 29.424 13,675 The assets liabdities ofth8 sthWwere: Fixed Currgnt ats Currsnt 68.328 141,4951 170.000) 88.987 32,660 Croditors falir4 due alknr moro thon or JEar 170,WJI Not ass•ts 43,167 43,167 13,673 13,673 17
GREYHOUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES Totsl Fund• 2023 Toll Fund• 2022 Fund• Fund• Dcffiion$ Legarie 1.035.751 2.573281 1,041,356 2.573.281 1.096292 1,353.120 3.609.033 5,005 3,614,637 2.449.412 OTHER TRADING ACTMTIES Total Fund• 2023 Tolal Fund• 2022 Fund• Fund• Shop. trading and branth income Greyhound Events ISe8 nots 3) 385.955 170,320 536.275 365.9SS 170.320 536,275 505.370 181,534 686,903 6. RAISING FUND8 Ral8lng donatlons and l¥g•cl Tolal Tot•1 Funds 2022 Unr•gtrlGt•d R•¥trlct•d Fund• Fund• 2023 Fundraising colts Support costs (See 9) 73.239 73,239 44,604 79.535 34.633 117.843 117.843 114.1 7. OTHER TRADING ACTivrriES Tot•1 Fund• 2023 Total Fund$ 2022 Unr•gtrfctod Ro•¢rf¢t•d Funds FundB Bad debts Greod Ev•nts (See note 3) 33.369 182.405 197.099 197.099 197.099 197.099 215,778 Page 18
GIIEYHOUND TRUST NOTES TO THE FIIL4Kk4L STATEIIENTS FOR THE YEAR ENDED 31 DECEMBER 2023 . CHARITABLE ACTIVITE8 COSTS Support Colts (• not• 91 Total• KrbellId A¢bviti8¥ Votgrinory 190$ 81ch costs Edu&*)n and awargngss Home fiThJiip won$•s 754.252 154.156 408.2 459.352 93.883 248.649 18,211 4,101 824,196 1,213.604 248,039 656.929 48,114 10,834 2.177.521 6,733 1,353,325 9. SUPPORT COSTS 2023 Totsl 2022 FIMne• Charitsble activ•9 K¢nn¢l rhwye Vatarinary fé¥$ Branch e>¥endthro Edtsc8tion and awsrnnws Hom• ffindltVJ W1•5 440.250 89.979 238.3C 17.454 3,930 789.922 11181 2.49) 459.352 93.883 248.649 18.211 4.101 824.196 306.757 89,941 324,981 11.984 4.632 738,275 1,414 3.746 274 109 21.857 12.417 Raising fu1$ Tolal support costs 42.749 832.671 1.183 23.040 672 34.033 772,908 13,089 exp8ndilur•. S)rt costs, in¢44KW in the aiw. w• as Idb4M.' Nl•n•g•m•nt Rl•lnll funth Ch•rttab xtmtl 2022 Totsl Total Stsff costs Offthx costs 27,134 6.5n 4.521 4.523 42.749 So1,32 121.431 83.531 83.567 789,922 528.526 128.C03 88,052 88,090 832.671 475,828 134,343 33,786 57,154 701,111 Depreciation Fln•n Ratslng Ch•rtlabl• fund• 2023 Totsl 2022 Totsl Bank Charges Loan Interpsl PaKI 15.375 6.482 21.857 16209 6.833 23.040 21.767 2.420 24,187 Prye 19
GREYH(XJMD TRUST NOTES TO THE FIIIANCL4L STATEIIENTS FOR THE YEAR &4DE0 31 DECEMBER 2 Total IF Audit Fees Cowltan¢y F•9$ Profesgb)nal F¢08 18.833 7.851 1100 13 777 47,610 4.7e6 12.417 5.024 13.089 672 10. NET IICOMEI(ExpeNDITURE 2923 202Z AjitOrS, M4"0n D¢pr•tiation -om8d as9ets Audrtors, ternwration. rh)n •ail 8•Pta 8.5 15 900 57154 2635 1.430 11. STAFF COSTS Gft>up Group 2022 Chr 2023 Charlty 2022 478,178 35.681 14.668 428.739 32.038 15.051 475.828 478.178 35.681 14.668 421,28 31.313 14.688 Sooal seujrty costs E10yerS pw510n coBts $28 $27 528 527 The averaye N¥nr olstaff dunTrJ tho J•arwas ag fckn8. 20LI Tot41 2022 Total Full "rne P?rt 18 22 20 2023 Total 2022 Total £100.000 to £109,999 £110.OtKI to £119,999 The key manawent pgr¥vnnd ofth& <aifty ChEX#CVti1Tr OffKer. who is reBponsb r doy.trday 4eb"vibes of the tharty. Tcrtal rratl aThJ benefits of the key managwllont ppr¥onl In y•ar 8Trts131 Decnber20234l t111.82212022.. £109.7651
GREYHIYJNO TRUST FOR THE YEAR ENDED 31 DECEIIBER 2023 12. TRUSTEE RE&IUlaATK4 AKI BENEFrf8 No InMtse5' r9¢•d r11)ft ( otrr bwwfts duiuvj tho ondgd 31 Decemlxr 202312022". non•l. TN•to0•' •Apon¥ During th• y•ar no InHt {2022.' nong14w• (or of wckel eypwNe 13. COMPARATIVU FOR ThE STATEMENT OF FMIlACfITIES Tol41 Fund• 2022 Unr•#trfct•d R••trl¢l•d Fund• Fund INCOME FROM Donations and l•ga¢ 0th8r trading acbvths Otsr 2.417.662 8B6,903 405.1CIJ 31,750 2.449.412 686,903 4D5,11KI Totsl 3,509.e65 31.750 3,541.415 EXPENDITURE OM ng fund# Oth¢rtrackng ac1¥.•$ 114.188 215,778 114.168 215.TT8 C1•b actlvlU• K•nlI1n9 Acknvrb• V8tsrin8ry fee Br8n¢h costs Educthn ¥nd awareness Hom• lrt¢liNJ oxponses 1.011.224 .487 1.071.298 39.442 15,270 1.011.224 296.487 1.071.298 39.442 15.270 Totsl 2.783.867 2.763.667 N•tgain$ cm) In¥oftts 4,536 4.536 NET INCOMEI(expENDITUREI 741.462 31.750 773.212 Trnn•f•v• b•tw••n fwd• 5.ClJOI NET MOVEAIENT IN FUNDS 746,462 26,750 773,212 RECONCIUAYION QF FUNDS Total fvnds brwJht frrn 5.709.4(KI 1(Al,OfM) S.809,400 TOTALFUND8 CARRED FORWARD 6.455.W2 128,750 6 582.612 Pago 21
14 TJ•318LE FIXEO ASgETS.OROiP COST At i J¥Jwy 2 3M7.I53 142,la1 132.853 71.r142 2J5 71.1 4,328.424 1$9.413 At31 2023 l JanLwy2023 th•y•v 4e,7e8 71,013 131653 82? 32P.$33 Al JI 0m20¥j 45.531 52.720 418. NETBOOKVALUE Al 31 Dxenkn2023 4.71• 17.7 A131 Docww2022 24M9 TANGIBLE FIIEDA8ETS. CIWIITY Mvlor Tdll CO#T Al 1 J•nu•ry 2023 Drm Opc4 JI tJKmbor 2 3.197.4 142.111 71.W2 3235 71.OB1 16,eoo 4 J24. 15D.44J 1J.134 $21 7M1 DReATN Al l January2Q23 ¢Nqryforlh•)wr EbThknAtsd 1>3.521 43. 320.401 71.013 7245 Al JI oucamr?ll3J NEfBooKVALUE Y1 Q•tynb¢r2023 17704 At31 D•(mb•r 2022 27 J 897 191 chrfty Chwrty in 1¢ STQCKS 2•ZZ 2023 rith•d ortsji Td.9Ql 22 •04
PIOTE8 TO THE FWIANCIAL 3TATEIIENT8 FOR THE YEAR ENDED 31 OECEAIBER 2023 17. DEBTORS 13roup Gvoup 2022 Ch•rlty 23 Charlty 2022 Trad8 d•bto Other dobtors Arn1)ts Ow1 by subs&liary VAT PraYents AcfMd Incthng 12,8S4 5.461 3.700 322 800 83.148 23,094 469,057 576,421 84.148 48.312 407,8Q8 544.918 51.248 407. 18.173 489,057 492,012 477.563 1& CURRENT ASSETS INVESTIIENTS Grwp 2022 ¢hartty cMY 2022 Shorns in lisled #w••ti 1,692 1,692 1.$92 545 1,892 545 19. CREDITORS: AMOUNTS FALLtyIG DUE rn (XIE YEAR Group 2022 Chlrlty 2023 Ch•rfty 2022 Bank loan$ e 211 Trnda credttor8 0th8f ttion and $0(yal seD 20.329 137250 14217 9.703 20,329 124,600 14217 7.762 121.3 102,551 101 13.$46 (01 19.563 140.W23 181.500 116.096 166,908 XI. CREWORS: AMOUNT3 FALLI4G OUE AFTER IAORe TFL4N ONE YEAR Gnwp h•rtty 2023 Charlty 2022 2022 Bank loans (see notè 211 368,310 368310 368.310 368,310 23
GREYHOUND TRU8T NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. LOANS An an819 of the of i¥ bebff. Group 202J Group 2022 Ch•r 2023 Charlty 2022 Bank lo•n• Amounts fallng wwn on• yvar 20.329 20.329 Amounts fallng du• b•trh•n one Wbd Iwo ye¥$ 20,695 20,695 AM(nts falling dua b•{40n two and ffiwe y•ar¥ 64.347 64.347 Amtyjnis lalllng du• In mwe than frR y•ws 281288 283,288 388,639 388,639 Th•10on has hen rfjpaKI lI1n lh• CLrnI firAncial yw. Th• loan carri•d an interest rats of 1.8% •Mum arKI the final rwymenl dote was 20 years after th Itil on 8 August 2039. The $ecurod bank bjan t¢cured fm wowrty, had a purchase price of £520.000. The tems of the s¢¢urity pde for the lendw to d•m time io the property in evonl of a defaiAI on prindpal and interest payTnent5 in the ovenl that a re¥tructuriNJ of the h>an wa8 not agreed. Page 24
NOTE8 TO TrE FINANC STATEIIENT8 FOR YEAR ENDED 31 DECÈMBER 2023 21. IIOVEIIENT IN FUP {Lo••MV Trnn•f•r• Bla•¢• at elan¢• at 1 Galn• s)n b•iw••n 31 D•c•mb•r January 2023 trKom• Expffidmufv Inbwtmont• fund• 2023 Unrestricted fimd$ 6.195.538 FuTrJ 260.324 4.127.665 334,7 12.084,1831 I408,2) 25.OOD 8.264.019 186.774 8,455,862 4.482.394 12.492,462) 25.000 8,450.793 R8slri¢W funds 126.750 125,OLYJ) 1U7.355 TOTAL FUNDS 6,581612 4.467.999 (2,4¥2.4e21 8,558,148 Galbxl B•l•nc• at ILoM••l on bolW 31 D•c•mb•r BalMc• •11 Unrnstrictad fund 5.175.129 Brnnch Fu)d 534.271 3.037 295 472.370 12.017.39]) (746,3171 (4.536) 6.195.538 2eo).324 S,709.4 3.509,885 {2.763. 14.5381 5.000 6.455,862 R•strithd fund5 11XI.O(KI 31.750 12fj,750 TOTAL FUNDS 5.809.4(Xl 3,541.415 (2,763,887) (4.536) 8.582.812 Naturn offund Il•m• of ld unStriCted The ImrestrKd reserv, aftaramtiwng frKall d8slgnat8d UnrestrirAed Brnn¢h lund brw¢hgy acrnss thg UK Thè fLrtI that i8 restrtcled for cwt•in pu(posè$ 8$ Set by
IIOTES TO THE FINAMCi4L STATEMENTS FOR TtrE YEAR ENDED J1 DECEMBER 2023 23. ANALYSIS OF MerASSETS BE1¥ FUNDS Total nd• lund• lund• Ft<thY Assets CLwr8nt as8•ts •bI.85 Long lemi liat4kti8s 4.9245 45r2.471 {140.9231 4.069,24S 4.629.826 1140.923) 107.35$ ,450.793 107,355 8.558,148 24. RECONCILIATh)N OF NET KOIAEI(EXPENOm) TO NET FLOW FROM OPERATING ACTMTIE8 GnNp Gro¥p 2022 Ch•rfty 2023 Chvlty 2022 Ngt ffltr48ment in fw LossllgaKIl on in¥¢strn•nts D8preaation Intsmi Int•1 r•e•¥•d ontr8a8eyd8aSe in stoth¥ Ilncr8aseyde(Tr8$0 th dobtc lDecreueyin¢rè In cr•drtors 1.975. 773,212 4.536 57.154 12.128 13,3291 2,LI12.316 786.887 88.089 6.833 (11.7421 57.154 12,128 13,3291 8,833 {11.742) 14,643 (20,442) 2 057.277 1237.8811 31,503 (30.483) 2.fA6.517 1237.1571 49.456 670,832 69,675 26. ANALYSIS OF CHANGES IN NET FUIK)S Balan0• •t 31 DK•mb•r 2023 Èal•ne• at 1 N•t th Cash at bar 2,617,922 1.515,251 4.133,173 Uquld mou Qurrtnt 898et mve5tmenta 1.147 Dgbts fi du• yoar Oel)ts faknj al on8 (20.3291 368.310 (388.639 (20.329) ,310 20,329 2,230.975 1.882.415 4,113.3WJ
140TE3 TO THE FINANCIAL STATE&IENTS FOR THE YEAR ENDED 31 DECEMBER 2023 26. OPERATING LEASE COMIAITIEMTS At 31 December 2023 trb• fvhJrO mInVn le PgyTrwts under nl . caNllabh cprab'NJ I95 wa5 a5 follows." Group Chirtty 2023 ChArhy 2022 Amounts pay•bh: Imthin on• yaar Botwgen Dne aThl fiwi Morè than 5 YB 10.1 13.795 21.819 23.798 10.(KJ2 13.795 21,819 23.798 23,797 45.617 23,797 45,617 27. RELATED PAR7Y TRAN&4CTK>MS oflhe Ttse has sNJnifieant Yrflugn(. Th• DTrclor ofth& Trus bjned from th8 Grnfvour#J Trust at thè boginning of 2023. TLrtal ¢o¥ts tharged lo Tnmt in th& ro £NIL12022'. £21.45ei. Atth• y•ar •rKI • ban of£NIL {2ty22. £4.8661 waj vAvJto the rdateAI p1y. 2e. EMPLOYEE BENEFIT OBUGATIONS Tré ¢h#rity QF•ratos • defirJ stheme is admiTriitw•J wmlyndenty. The ojsts to for the ywar was £23,877 12Q22.. £15,Cfj11. There was £2.464 du• wn$1 5chwn athinL%trator at th? ar •nd121Y22". £426). Th• •>ythJ cost to Iha ch Mi th? ¢n¥¥j yoar is èxpethd to bè In IN wh that o121Y23. Py27