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• I￿Jap￿*￿Ilvj￿{*¥ 8kn10 11 Con&dldat•d BalarK* Sh••t 12 CLwoJidated St*nent 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 Ch￿rni￿ ofl>•yfrK*uTrJ 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 crow￿141￿n Mr John SIM￿on tlirnGtor. R￿¥j￿110 JarvJwy 2023 Fln•rt¢• & Inv••trn•nl sub Comrnltt•• Prol•ssor Steven Bvetmed, MRCVS. DVR Mr Ray HardlNJ Ms S￿Na Cro*trw.Akni Ch￿r Charlty r•ql•t•r•d n￿￿b•1 289888 and SC044047 Prfnclp•l offlc• National Greyhound Corrtro Peeks Bro￿ Lon• Horfpy Sur RH6 9SX Audllorn rris Cro¢*er Linitwj Chwbred ACCo￿lants 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 ann￿1 ￿￿j*j finNnci* statwnents ts thg Jwar 1 J￿U 2023 to 31 09¢￿t￿r 21r23. Tr￿10$5 haw adoptwj probry$KWB ol P£c4JUntwig wd Reprytinq by Charities.. Ststemont of R8cLYnmeThJed Pr¥cti(¥ applicatle to Char￿8¥ 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 Tr￿1 has thwitablg ¥t•ty¥ in both Engl￿d & 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 DI￿1015 of Grtyhound Trust Trustee LThbJ TnA*el ffl*e deci¥in on beha￿ of Ihe Crxporate Tnthe. AJI refer¢n￿$ to Dir•¢tors refor to Dre¢￿[$ Ctsrpor8te Tw$teg. Pal thrences to Trustegs refor to Ihtr Corporats Tnth. Tho Trusi D••d wa8 fur￿￿ as a confrmod Trt￿t Dè#d on 18 Octs)￿r 2020. R•cYultrn•nt and •ppolnkn•ntoftnMtM• In aeeordAne• *ilh good praetic•. now mamb•rn of thè Board •r• apwntsd by Oirscbjrn b) maHtiI'n or •U9ment Iha range of 8kilb and eVrien￿ appropr.ats to Ih8 n8uIs and acbvibos of ts Chzrity ar• appoint•d by way of m4onty by ￿ Boarf PA•mb•rs. on b8halfoftr* CorpNts Trnsts•. Nffiv th"r¢¢t¢r$ arg iNlu¢tsd by ts Ch•mwn #IKI cl￿ Exg¢utA* #nd w¢ gncoutsjed tts vis* Iho Nabon81 Support Centre and a 8raTh*Branthes. to gan a Und￿S￿￿￿ oftho strudJJre of1he ch￿lty aThJ how doy to homiry OFeratbJns arg rry¥lucl¥d, O•¢l•ton rna￿￿9 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 offi￿r$ support th• Chi•f Exo¢utiw wth"¢h lom￿ Ihg h.nk v*ilh thg Boord of C￿•¢1￿$ Ar￿ ￿ thg Corpty8ts Trustse btray. The Board of Chanty Directors is req￿r￿j lo cQThJ￿t 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 C*reciNs r•with¥ financial ar￿ yrntional tr•nds m•agufftJ •g•irvJt tha annualfyf apW0￿d b¢Ag•t Kay Porfonnwcg Inthl￿t9[3 IKPhl are in pl￿ to 35SlSt tl¥s proce$8 of rgprytir¥J by th? ExecutNO m￿rtOring bythe Directors. R•tst•d ￿rtI•l Grthourvj TrLryt wr•tsg Greyh(￿d ENwts Ltd. • tAthaty ￿lMOd tr*lry subswjiwy, lffnib rnpany ¥tatus. wi$tgr•J V•*h c￿par￿$S Htyw. its Bogrd of Dirgctors induding Ind8￿n￿onI f*'wtors, whi¢h meèt ￿UlartY thrcwghtyrt Iho Jw. Ib iw$1￿$% i¥ pr￿n￿ to 8oard of REPORT OF THE TRUSTEES FOR THE YEAR ENI%D 31 DECEll8eR 2023 Rl•k rn•nag•m•nt ulady r8v[w￿j 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 r*ieth"¥ps. 5•JThfi￿I ch8ngu in rrak arn d*cu8wd by thg Dir￿10 aThJ approirriate r*k mrtwon *Y￿d. rn¢¢*ded rnonlkjr￿l as pwt of th• risk proe•s$. A series of proc&*Jres and •r• Maint•n￿ to r8thx* rnk to the ew, *ilh thryr•heMi4* Owtctor arnl Proh3￿UrwI ind•mnity. lthlty in p Fund• h4d •• ¢u•todthn for otlwrn No funds arg hekj as custodian on behatf of l¢)Uw than GTeyhwnd Tnjst Brnnchos wh) 811 owrato und•r IhF Greyhound Tru¥t Chanty Numw). OBJECTIVES AND ACTMTIES Gr&Wiound Trust established as an ind8Fortht charity ty lh• 9r￿hound rnang indu5ty in 1975 10 home retir•J racAThJ greythoundg. Ils l0mwfy￿, Il* chwity has I￿rn￿l 130.(tNI rac gr•fvunds and homed 1352 grnyhound$ in 2023. Th• (knh￿nd Trust 18 ? ¢Jay kn al r•lirg *) horms and •r• Ireltod Y+ilh Mpa6￿On and kiTh4n•ss'. We are m•mb8rs of th• UK In*malK￿ Gray1￿r￿1 FoNm'. PTov*lir¥J ¢Jpportunlties to angagg ￿th r•lw*rt 8lak*vJlkn to th8 dMlopm•nt of r8bv4nt policy, in lim tMthour d)ia¢bv8S. Greyhound Trusl (y•r#ts an I￿U$Ne approach Tfvilh ¥ Tmde wup of stakeholders", incI￿lI￿J Ilare charib•s, hthmlng organisathon$ and those invcknl wth ond r•Frfg$gnb"r¥J th? greyhound racirvj indu5ty. W• b￿1￿ that thls inc￿•1¥¢ approath m&ximises Ihg pogtr¥P for the greyhounds that work ¥￿th and thos• that ￿ ac1￿ rac4. Our mission b to prov*lo bright fvjtures aThJ ￿r￿j rplired racKvJ grey1￿￿j8. by.. H•lping gr￿houndS Ir•¥tyiioTh frL¥n rawJ and mathlrYJ Il•n tlw wll Ihrb their rth"r8m8rt and: Caring for and rfrhoming 0thorgrwfvwX￿ts in ne*J. and,. PrOv￿1￿j p)5t siw to rna¥in*e ts 8ucfA85 ofeaL* gra￿￿￿1 knm•d. We lurthw our tharitsble otl'ecti¥￿ and onsuro dwèdpLt4¢ ljpnpfft by.. Fad#atirg the homing ofrntired our N8tMywl BranL* network., Raising tha profilg of groyhwrKJ¥ reluirvj raLyrvJ and w(¥notirtrJ Ih8tr suitability 0$ pely and ¢crfnpan1c￿$. with cther th*6tablè to prwnol• Wo￿lMI wthr ar•J fThl suitabl• homès for 9rpyhowKIg,' Prtiwdin9 vobJnteerKig OppO￿nit10$, ond Tfv*pre Suitable. faclitatiThJ Vdvm •aueat4)nal and th￿apo￿l¢ Outmth wng greyhounds surtth for w>wi8nces with thi￿J￿n, Ihe ehJedy, those *ilh aJdthcrfHI well 8&thcqeTW￿ w• urM*l tsmi¥*111. b*rpfii uTrJgrpwry th• Chwtys work al thwitat49 tliret*or5 ward to 1h8 CfrArity Comrni89i0rf5 p￿liC t•r*fit5WitYv•* 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 Orr￿t￿ aThJ to our thanps b) al staff. by)￿nI￿r8 aThl supportars lortholr cthimth•nl ar#1 supportto Groy*¥yx¥J Iw. rerna￿b1e Greyhow*J Trust Y￿nte￿r$. fv cth)lirn*J of ow supporters and fv hard vrnrk •ThJ Jpnce of ow Nation81 SupwiT•am. Th• Trust Mrnad 1352 r•lknJ rndng gr6ytKuvJ noiwc•*, 8wptyfyd by 856 acti vohJnteer5 in the ￿aT. OURVOLUNTEER8 Wrth 656 aGtibp voluntews au053 tknhound Tn•t 14.047 Murs par monlh. vthjntsers are freely gi￿ng on wnmgn99 omount oitim• Ihat •quat•s to 86.5 momborg of fu￿b"M• ¥taff pw month. INhen In th& annual contex( valua of t•ccxn6s enonna￿. wth Vol￿te￿[s gilb.ng 168.564 hours pgr year, wl¥ch Calc￿ al Nali¢y41 Wa￿. ¢J¥gr £1.9 million pour￿5 (to specffic £1.W28.372.16). Eath I￿1 every voluntopr. v•tste¥pr wNvnbFr of how$ 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 I￿as1￿j o¥w furflw ts 1..74. Wh￿ konnol stsff are emoN*d from th& ¢8l¢ul8bM. FINANCIAL REVIEYI As u rknonty vr4 are on vokw*ary COntrt￿ to Iho ￿$t ol Trttst acb.wbos and aro extr•mdy gratefvl to 0￿ry iFv*v*knl Ihgl st¢pyt8d vital 2023, by donating. a legaof. IKffiing a greyhound or r•*0 mak• gr•at F*ts. Th• ch•Dty contruK to r•c•v4 r•ducwJ frryn RacirvJ In 2023 tho grwhound rneAfWJ contrknub.on was al its Ilw￿t as far as ru ts$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￿ W￿ureS of Ihe t*Jst pandemK lands¢g GReYHCXJhlD TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED J1 DECEIIBER 2023 FINANCIAL REVIEW ICONT*4UED) Summary oflhe Tgsuts for yw v•J IM r•sourc89 deFW at 310gwnber2Wd3 N as folm.. 2022 Total i￿￿rne 4,487,999 3,$41.415 Chwitable acbvib8S Co8tofg•nerab"ThJ fvnds CJ)8t ofsaes tradirvJ Expenditur• oflrnthn9 8thklFary 2.177,522 117,843 2,433,721 114,168 33,369 182.409 197.099 Not movernent in fvnds 1.975.538 777.748 ID￿￿￿eY1nCreaSo in v•lu• of inwthi* 4.536 Total fvnds 01 stwtof>*ar Not Incrgose in fvrnls Total funds al •r•J of year 8.SB2,612 1.975,536 8.558.148 s.￿9.400 773.212 8.582.812 Elw￿ltUre for the y•ar inclthlfng al ¢h¥rity ￿a$ £2.295.365. ts¢4￿ the homh)g.of 1352 rnthr¢(I r8c4ng gWOu￿1$. It is t1ilfirAAt lo iThJ*ate an egtina* for th¢ ¢¥)¥t of hC￿l[¥d a grey￿und, as costs vary SUn￿e&)￿Y dppeTrJry on tlw methcal. behaV￿r no8ds of ¢¥¢h weyhound. Th8 uud• b￿ah levd 8verag• of £1.897.75 pgr dog {•wdthJr• the nunber of dogs hom•Jl rofiocts tho ornpknw ol the aciMtie8 ol Gi•fftur•J Trust som• cart Stsy in k￿ne1$ 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>)v￿Y Sn greyhourd hcyniry take. 05P8ci81 g￿n 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 rKW￿al prgssuw ¢￿tin￿l0 *Y)rn•n. Th• ¢o$l to home a WK¥ea5e: larg*th* to g￿l￿WIN1$ ta(ing b)n￿r to homa due to lack ol demand frC￿ lh8 publ￿ gThJ ow operatio￿ cost baso boing $vJnifK•nty Nnpactsd by infiat*)n. 2023 cost wrdcg.. £1,697 {2022: £1.447 2021: £1.￿9) and W ot stay 115 •12022'. 88 2021. 67). Th• Fund balance at 31st Da¢¢rrthr 2023 8toc¥J at £8.558,418 (%122.. £6,582.8121 consisb"rpJ ol Un￿tr￿￿1 lunds Inon Branehl £8.264,019. restrided knnd$ loc*ty at Branch Iw•l £186,774. •nd restri¢led fvrKIs £107.355. Th• £8.264.019 unrastTha*l fvTrJs fryod as￿ of £4,￿9.245, wthh £4.488,gJ3 bging other central unrnstn.Ct￿ luthas. Thè Ttysts vtholty ownod tradirg GrBYh￿Th1 E¥*nts Lttl m•dp a IDsg. Thoro ar• plans to wlor• rosinJcbJriThJ th• WfdtiNJ rnojel in 2024r2025 to rndurA• Storw i ￿fi￿rnent o)sts. and uJts"rnatdy as5ilt th• o)mpanyto bra&k èv¢n or OFerat8 at a k¥ofiL Greythound Trust Board ha￿ tsjnsK1e￿tl the inpact of trading ¥ubBidiary on tho Chanty and We mintsj trmt rplatimhip it 8ngend9rn swjporters and hvjh-qualty greyhound w*)Js COD SUFf*y. that tho ￿j01￿0 of thè subsidiary Is d•sirab￿. d¢sMe the lad it has madè a in ts ￿. P*g• S REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 R•••rv•• p•l*y •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 adl*riw 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 ￿apt￿j in line wlh thg charltys needs. The Ch8fitys rwryo8 pcA• i* of oxtwKl￿r* Ibu•J on prewus ars submlted xc¥yJtsl tr#Jt aho ￿￿￿der ts c￿1￿ in re5pe¢t of m*agM)g th dynarn￿ flu¢bJations and ne•ds of th• charity. Ths con1trg￿CY 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 tr￿ffer that p¢rnrfo tP• Bo*d 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 ojrnpl￿Y 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 Greyho￿d Twsl tho financ4￿ l*Mlscy to contirwJ• to inp¥¢t on fuNtraory •nd gra￿[￿j￿A homiThJ into 2024 8nd boyond. Given tP* C￿tin￿d unc•rta¥ty into 2024. Gr•ylthThJ Tntst Mll loc￿ ￿ mairtsinw W￿[+ poss.,bl•, rea81ThJ ststslity of doy-trday homing work. gre>thr￿ndS as ￿ thj raismg awar8nw8 ol the Charty and th wor wrth the r*t moY•m•ntof Lxw•strthd fvnds. lknlvJrKI Tn*1￿¥ expkw• oppthmths *> strwvJth8n the sthilty of Irxabw throLKJh fiJtlwe•itsl ￿￿$by￿l REPORT OF THE TRUSTEES FOR THE YEAR ENDED J1 DECEMBER 2025 STATEMENT OF TRUSTEES RESPONSI8LITES Th• T(ustsè$ ar• rt$wnsl)le for pr•parirvJ thg Truytees, r•port and finanoal ¥tatemgnts in xcordan¢• with applicabl# law •r#Y Unr•d Stwthrds {UniknJ G•Mr* Acrnpbj A￿unb"r￿j Prath"c•l. The law applicabl8 to eharit*s li Er*nd Wales, IM char￿89 2011. Ch8nty lAC￿nts and R¢portg) RO9￿8￿0n$ 2(￿)8 and proviqions of th& trust deed requir•s th8 T(usts•s to praparg fin￿cIal 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 Trus*o$ are ￿(￿￿8￿ kn.. . soIKt suitAb* acco￿￿n9 Fthies aNI ?pptyth￿ ' mak01￿lMents aThl acGountiNJ ¢slinates that ra•SOn￿ and fftAlint ' State wh8th•r applica￿ aw)uritry slarvjards ha4• f(4lry*wJ, S￿le(#* matwwl ¢Yep¥bJres ¢Ji8¢k>¥ed aTrd e*¥￿j in lh• frAncial ¥t•Wngnts'. ' pr¢par• th¢ finwtsal Slateme￿ on goirg c1￿M 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 ar￿Ur8 that th? finanaal ¥tst•rnents c4Jmtty wNh lh• Chailts￿ Act 2011. tha IAc¢ounts ar￿ Repytsl A￿￿1&￿.￿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 Tr￿t Board of tXr•ckn¥ For •nd on lJ•h•lf olGr•Yh0￿d Tr￿1 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•rn￿r 2023 on pagos 11 to 27. Stat•mert of Activths. ￿l￿n¢# 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$ A￿lUnting Prprb"cg1. In tyjr o&¥rwJn the finawwl s18t8m￿1$.' gi￿ a t￿ and fair yiw of ts $tAto of IM chwWs affairs a8 at 31 Dgcertw 2023 ar￿ of Its ¢tynry ro¥ourc83 AF¢*I￿4￿on 0fresl>L￿. torts ￿ar I￿n •ThJ•d,' ha¥* pryrty ￿￿￿ed li accryd•rK* T*ith Unitsd ￿ngdoM G•n•rnlty P A¢ctyJnb"wJ Prnctice., and hav• be•n ￿epar￿1 in awKthn(**ilhth• req￿1￿￿￿￿ olts Chai￿￿ Act2011 have been wepartrJ in •¢a￿dart￿ Thththè Ch•rii05 Tnthe Investrngnt IS¢oUand} Act 2CIA arKI rngukn.l￿ 8 ofthe Clw4*8 A¢¢owts (S))0w￿) R•gulabons 20(ffj la8 ame￿1#dI. 8a•h for oplrfon We o)nduet8d our audit In a(zordanc• Int￿a￿"or￿l Sl•hJwd5 on A￿Jrtty (UK) IISAS IUK)) and applrAble law. Our rtsponsibl￿.8S under staTrJards ￿ fvrther dgsrrribod in the Au¢litors rospon$ibilti•s lor Ihe *M1it ol the ffinanc4 stalemwts 39rtion of our r•pori We arn lThtsp9nd￿t Of th• cliarity in acco￿¢￿ tMth Ihe olhical r￿1￿meT￿ that aro rO1•￿1t10 ow autht ofthg fimntyal atal•m•nts li tho UK IncI￿li￿j tho FRQS Etticaj SlaThJarf. WKI * hab* luffil8d wr olher ethical mpons*iilib•8 In ac¢ord8nc8 wth these requirwnents. W• b81th• thatthe ha¥a obiai*d is suffici•nt and apprCSJr￿te to prowdp ? bo$i$ for tyjr oklnKJn. Conclu•lon• rnlltlng to golny conc•rn Wo ha￿ nothing to report In ¥esp•X of tho m8t*s 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 ab￿rttr￿ th.tyto conwnue to adopt the 9￿9 conc•m baso of acccKmting tr a period of at l•ast m(xth tr(xn dts the finarnyal Oth•r Inforniatlon Ind￿18d in knual Report olher ihan ts finanual slatsM￿ts our Report of tho Ind￿￿1￿j•nt Auditorn Ih•r•on. Our opin￿￿ of the th•n¢￿1 8tsttm￿J dott r*rt c•wr tho (Ihor lif0m￿ts￿ do not ¥xpr89s Any fomi of o￿nIon orasswan¢o th•r￿n. P￿86 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 kno￿1¢￿9￿ ¢bts"rnd in awth"t (x ap￿￿3 to bg makni* misstabj. If w8 identhfy Buth rnatsrial In9￿$18l￿C￿5 or appamt m￿￿tal•M0nts. w• ar• rnquirnd to 4gterrnin* wh•thw thèr• 1$ a m•bri•l most*kn￿ fin)n￿al 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 f*hl¢h arn rnqulrnd to r•port by •xe•ptlon We have nothing to report in ￿S￿et of mottors Chaiiiw Act 2011 Tw4UlrnS US to reP￿t *) 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 wement*ilh ts a(y>xiniry record5 and f•tw￿.. or tA* ha￿ Mtrnc*ib*d thy tho Infcrfm•titsn re4uTe tr OUT4￿j[L Ag e>plained rn0￿ fvthi in tho Statwn•nt of Tr￿t••3 RwnglHItM, lh• trust••s r•sp)n9ibl8 fr*r 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 sta￿0n15 that are fr•• from matsMI ml8Stat•m*tt. *tthr (k* to fr8￿1 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 intsr*J 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)Mi￿n. R•a8Mablo amur8￿ 15 8 hNh 18vd of asswance, bjt 15 not guaranto9 that An audit Cthguctsd ￿ actudanr* wilh IS*4 {UK) akvays dè*t a m)t•rial mi$$t•*m¢nt en il ￿lSts. Misstatemerts arse fr(rn fraKI or 8rnY cons*l8r•d ma￿181 rf, Ind￿￿81￿ or in th8 aggrngato, thèy ¢oukl roason*)ly bo to the ecrmmic dec￿1￿￿ ofusws tak•n on th• basis 01th￿ fin8ndal stAtthn￿ A lurth8r d•suipthon of our wponsithkn audit of the fin￿81 statemenls 15 IC￿a￿ on tho Finana81 R8pO￿.ng CcKmul's ¥¥•b8it8 at wmw.frt.￿.ukl8￿Il(￿*mIb1lrfw. This dO$Wbon fomis part ofour Raport ol th• 1r*nd•ThtA￿jf&Xs. Irrngulgrths, r￿udIng lrnyd. of wth Tr•*8 and r¢quL4tion$. We de5vJn pr￿e(lur•S in lirn wth r•spon$tAlthos. txthpd aboN*. to dgtort matsial mithmgnts in of irregularits85. InCI￿j1￿a fraud. Tha &xtsnt lo wc•Jwps are of dgtectirvj ¥re4￿ants93, In¢￿dIng fraud is detail￿ t*knw. Frcffi discussi1￿ v*¥h rnanapnent aTrJ Ilme charged gownm inf0rn9ti￿ *out thg gntity is Oxunèntsd to a8se5S t￿ actiwty wittNn ts rxganlsatK￿. We thscuss as88ssmènl of rf$k in of iTh•Jularth5. fraud concem. Pap9 Basad on Ih•s• diseusglons our ¢y*n asses9m•nts d•t8fmln•d that th8 key r&k ar•as ww• irMm• r¢¢Ogn￿.0n m rnspo¢t tsf ¢Lrt off ￿nc•M￿o racognilitin and m¥w•nt 0￿rrid8 conceminq the slze of Iho organlsalio We set finanoal statement rnaten￿ty ba5•J on ol ilKL￿. As • I￿1 for profft organwtitsn ra￿ng 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 m￿Ur* •3•'nstfraud #nd q>or•ting 4$ do¢wKtrntsd. S￿Stants￿ tssbrvj • s•npb rf Iho popul•tty. I￿￿￿nt8b￿ 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 Managem￿1 there YI ￿ gowwj crybxm L¥Klwknok a of A fvrther descrwon of ow reSpon¥bl￿e$ ts the audrt of lh8 finanoal slatements located on th8 Fin￿¢4 Repryb"r¥J Councf5 web5rt9 •t W•AW.frC.wJ.ukJo￿Irtor$T¢$pW￿dts$. Tho f￿5 pwi of our Rwrt ol the IndgwthlP4th0rn. Ug• of our r•port Tht5 report M m*J8 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 trus*0S 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 b￿ly. for our wdlt is Cr(Kkn Lknlt8d Chartered Arxountsnts Statutory Auditors Eligikle to ad as 4n audrtor SeL*on 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&t￿rts and Jegao•s Oihor tradi￿ aCtNi￿oI oth•r I￿Orn• 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 EXPEN￿uRE OM Raisww fundj Olh•r t￿lir￿j •ctTrAtkrys 117.843 197.C89 117.843 197.099 114.168 215,778 ¢harlt•bl•4ctMt Ken￿lling Acbwb•s Votsrinary fees Br8nch cos Educat￿n 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 gal￿110$8￿} on inwsimorts NET INCOIWIEXPEKDITUR 1.￿.931 1.975.536 773,212 Trnn•f•rn b•iw••n fund• NET MOVEMENT IN FUNDS 1.894.931 119.395) 1.97&536 773.212 RECONCIUATION OF FUNDS Totsl fvThls brought foThvard 6.455. 126.750 6.582.612 5.809,400 TOTAL FUNDS CARRIED FORWARD 8.450.793 107.355 6.582,612 11 AT 31 DECEMBER 2023 Gvoup ChaTIty 2022 Charfty 2122 2023 FIXEO ASSETS Tangible assets Inv¢stynonts 14 1S 4.W245 3.W.891 4.C￿.24s 3.997,891 4.iX9.245 3.997.891 4,Cfj9.247 3.997 893 CURRENT ASSETS Stock$ 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.$30 4.e45.452 3.133.811 CREDITOR3 kn￿nts due*iith one 19 (140.¥23) 1181,5ryJ) 1118,￿) NET CURRENT ASSETS 4.4188.W3 2.953.030 4.529.386 2.￿,703 TOTAL ASSETS LESS CURREKf LIABluT￿ 8.S58.148 6.950,922 8.598.603 6.961,597 CREDifoRS Amounts lallNJ du• in mor• th•n 1368.3101 (368,310) NET A88ETS 8.558.148 8582.612 8.598.603 FUNDS Unrgstrthj fvnds Restricted fvnds 8.W.793 107.355 6.455.862 126,750 8.491,248 107.355 8.469,537 120,750 TOTAL FUNI)S 8.558,148 6.5B2.612 8,598.603 6.596,287 Th? ststwnonts *re oA)m*l by 1h• Board of TrL&%la•s c signed on Iheirbehal by". ChAlrnian olth• Gr•yhound TN•t B￿rd of Dlr•¢torn Forand on b•halfol Grnyhound TnMtTn*t•• Lkn*•d P4• 12 CONSOLIMTED STATEIIEIIT OF C¥l8HFLIYI13 FOR THE YEAR ENDED 31 DECEMBER 2D23 Gro￿ Ch•rfty 2Q22 charlty 2022 2023 Ca•h Ilow• from op•r•trg •¢UvKI•• Cash gon8rnt•J from operdl¥)n$ 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 f￿8￿ ass•t inv•st SBlo offix•d ass8t ￿VaStMentS Interest r•cwb*d 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,$541 {162.0461 Ca•h Ill￿4 lkn•nclnA •¢tlYlll•• Loan repaymgnts In year Inierest paMI 1388.639) 18.8331 129.9191 1388.6391 (12,1281 (8.8331 129,9191 112.1281 CHh provld•d by {u••d In) fftn•ncknll 1395.472) (42.047) (395.4721 {42.0471 Chang• in Gash eash ttwi¥al8nts n tr porting poriod 1.515.251 486,740 1.S44.491 485,582 Cash and cash 8quivAl8nts at th• ofthe reporfwig peric 2.617.922 2.151.182 2.555,498 2.OB9,916 Total ca•h •tth• •nd ofth•yMr 4.133.173 2.617,922 4.099,989 1555,498 P•3• 13 GREYHOUND TRUST NOTES TO TrE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DEC&IIBER 2023 1. ACCOUNTINQ POLKES 8••h of pr•parlng th• fln•ncl•l gt•t•m•nts The fthanraal statements irf the thwity. 1$ 4 tyblK benth under FRS 102. ho￿ b¢on prepor¢d In accordan￿ Charhles SORP (FRS 102) ACCI￿￿ng and RepL¥ting by CharibeB: stalomnt of Recomrnond¢d Pr¥ti￿ applicable lo charmfies prepaikng Ihe* acC￿nIS 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• daffin￿on 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($1. crftlC￿ •ccounllng Iwlgwn•nt• k•y •owcM ol••tkn•llon uncwl•lnty The ￿1￿C81 judgement that the Trustees have rrkwje n the prvce8¥ of opptyiwwj the K¢ounling pdldes that ha￿ the rnost significant •lt•d on recrynwj in the statUt￿Y finandal stst•m•nts ar• *Jiscussed b81ow. In ai88ssin9 vthether there be•n #ty or itrywwmgnt ol ￿9$ts. th? Tnot•u hov• considered both extern￿ and internal sources of inf0ryn￿1on suth ￿ martet condibons. covnlgrparty cmdf( rO￿ng$ and expertence or reco¥waW. Thwe have been no in¢lL*orn of Ir￿al￿￿n￿ 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 liat*lits•s within r*xl flnandal yw. G￿P flnandal •tat•m•nts The financSal stalements c(fflsolldale the Testh Of1￿ ¢hathy AThJ it8 $uhidiary Gityhound E￿nts Ltrl on • 11￿-bY4n¢ ba￿5. A separate Slatement of Ftr*naal Activities and Inco￿* and Expenditure A¢￿￿nI for th* chaiity has Th)t been presented becaus& th• Trust has taken *fvar41ago of the exen¥>ts'on afforded by seclion 408 of the C(wwue8 Act 21￿. In¢om• Inco￿ fis re¢ognl8¢d when Ihe chw6ty has onl11e￿t to the fvnts. any condrfaon8 attach•d to the Itemls) of Income have tReN rt it 1$ Ihat th• •Kom• wim b• I￿•r￿d •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 n*t. 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 MtifiCat￿n has been mado by th• executor(Bl to the TTh8lthal a diBtribution w• b¢ rT*d•, or wh•n & distri1￿tion ¢1 r•e•i¥èd from thè •stat•. Page 14 NOTES TO THE FIN*JICIAL STAT￿ENTs FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTINO POLICIES Icontlnu•d) Recalpl of a l•gaq. in *thole or is prUb￿le vknen the amount can be n￿aSUr0d reliabty and the chwity has b￿￿ ￿tIfied of exeartorfs inte￿on *) a distnbuti￿. Where le￿l￿eS ha¥8 be￿ notified lo Ihe charity. ￿ the th*ity r6 of the ￿anting of wobate, and th• trtteria for Ir￿me 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)ns￿e owigattyi ¢ommiiting the charity lo that *X￿n￿lIUrÉ, it is that a t[￿sfer of KrJKXniC bw*fits *il be requir•d in 5•tU•menl aNJ Ihe 4mounl of the Obli￿tsCffl can be mwured ￿11￿. Expenditur8 is acoJunt•J for on an aCt￿￿S basis and has been ¢lassified ￿der he•*ry that aggregatè all eosts r¢lalad lo the category. Whwe ￿$ts ¢annot be dwedy attt*>ut•d to h•**rys thty have been alkt*d tr) ad¥itie$ 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 appOrt￿nm*ntoI ¢0•¢ Support ¢oBts are those functs)ns ttrAt asso1 th¢ wtyk of thè d*rity tmrt do rwA dlrac* undertake charilable •thilies. Support CQ5ts Ind￿le 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¥) 4th￿8& The b￿e$ cffl swort tt18ts hav• b•8n alhx*d afe set note 9. Tangiblfj fix•d a•••ts Depr￿￿tiOn 1$ pro¥wJqd ¥1 the foknir¥J r*s to *i*e off epKh aslet 0￿r Its 88iim#ted UBeful life. Freehokl propwty (￿dulln9 yoperty purd*5eB) Office equipment and k8nn81 assét8 motor¥th￿eS . 25% on cl￿t 8to¢k• Stock is induded at Ihe l(Mer of or r￿1 r•alisaU& Y￿ye. 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¥rf*8. Fund accounting Unrestrici8(I f￿ld$ Can ￿ u8¢d in wih ts dwrfat48 on o 8tralghl h"n8 ba%"s owrthe peric*J ofthe18¥ The oper4ted 4 ¢ontnbubon pOnSK￿ 5theme. C0nlnl)u￿r￿ 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 bar*s, olher ghorklwm highty )wJ investments with origna Matur￿81 ofllw80 MI￿￿3 or bo55. Trada and other receN*Jles a￿ recwised •t tho trwaetion prK•, indudlTrJ any transaction costs. ArnO￿ts that ar¢ cthè m••SW￿ at th• amount of th agh gXFeCtoI to bè roc*ib*d. nat of any Impairm•nt. At Ih• end ol 8Ach r8poth'ThJ perictyj. tho ch￿ty vhthpr th?Te ￿ olig¢bve wdenc• that a amount may be Thpairwj. A lor imp?inn•nt is 9sl￿b9h8d wh&n there is c*Jiecbv8 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 t￿1r￿4 amount and th& present ol ￿timate*j future cash 1kn￿. (ISCO￿l￿d Ai offOCb4* intarnat ratè. Tr amount of Ihe wo¥isi(ffi is recogni￿1 pmfft ￿1￿. Finan¢ial liabilOe¥- bax finanLaal Inslnnenls Tradè and othor payables ￿ loans and I￿r￿lI￿ m&OSL*•J at lh8 transadon pr￿, induding any transaction eoits. and subseq&• measured at •mortiFod G￿t ￿lI¥j th• offectN intowl m¢thtsJ. tr￿t payth one ypar aro m•a8urgd at Ih? di¥counted ￿Ount of th• cash to ￿ pam G￿￿9 ¢on¢•m The Trusts￿ pJntinug to behe￿ Ih¥t Il* Trust IAS a￿Uats resources to conlinuè li Operation￿ 9￿¥1￿n¢? for tr* 1tK•S88at￿0 fulwe. Fcff th￿ reas￿, the Tnulees h8b* ¢trtin￿￿ to adopt going concem basis in fAwr*io18lal*n*ts. p￿18 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$0￿￿j gtAt&Mgnt those ofth• c*wWs 8ubsK1w. GrgyhouThJ Eyants Ltyl. 2023 2022 Total incomwvJ f•sour Total e¥pendthre on cha￿8￿9 Not g•in8llh)58esl on inve8lm•nts 4.297.679 12,295.3831 3,362,332 {2,570.9091 14.538 1002,318 786,8B7 Tolal funds brought trj￿81J T¢)tsl thJnds ¢aff*d forward 6.596,287 5,809.400 8.598,603 8,5￿.287 by: Rè8trictsd hJNI$ Unrostr*t¢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•. Gr￿u￿nd Evert8 Ltd opargtos the commerrAal trading cprthons ¢#r￿1 on atth• ¢>vJfhound Trust The foknw"ng1g ￿ o¥tra¢t ofthe finan￿￿ $latFM￿ts of Grey•Kw￿ E￿nts Ltrl year 8n¢Jg4 31 D¢c•mbgr 2023.. 2D23 2022 Tumover Cost of sa￿$ •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 a￿￿ts 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 Tol*l Fund• 2022 Fund• Fund• Dcffi*ion$ 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 Gre￿o￿d 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• K￿rbellI￿d A¢bviti8¥ Votgrinory 190$ 81￿ch 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 W￿1•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 fu￿1$ 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 R*l•lnll funth Ch•rttab xtmtl 2022 Totsl Total Stsff costs Offthx costs 27,134 6.5n 4.521 4.523 42.749 So1,3￿2 121.431 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 A￿jitOrS, ￿M￿￿4￿"0n D¢pr•tiation -o*m8d as9ets Audrtors, ternw*ration. rh)n •*ail 8•P*ta 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 E￿￿10yerS pw510n coBts $28 $27 528 527 The averaye N¥n￿r olstaff dunTrJ tho J•arwas ag fckn8. 20LI Tot41 2022 Total Full ￿"rne P?rt 18 22 20 2023 Total 2022 Total £100.000 to £109,999 £110.OtKI to £119,999 The key manawent pgr¥vnnd ofth& <*aifty Ch￿EX#CVti1Tr OffKer. *who is reBponsb r ￿ doy.trday 4eb"vibes of the tharty. Tcrtal r￿￿rat￿l aThJ benefits of the key managwllont ppr¥on￿l In y•ar 8Trts131 Dec￿nber2023￿4l t111.82212022.. £109.7651 GREYHIYJNO TRUST FOR THE YEAR ENDED 31 DECEIIBER 2023 12. TRUSTEE RE&IUlaATK*4 AKI BENEFrf8 No InMtse5' r9¢•￿*d r￿￿￿11￿)ft (* otr*r bwwfts duiuvj tho ￿ ondgd 31 Decemlxr 202312022". non•l. TN•to0•' •Apon¥ During th• y•ar no InHt￿ {2022.' nong14w• (or of wckel eypwNe 13. COMPARATIVU FOR ThE STATEMENT OF FMIl￿ACf￿ITIES Tol41 Fund• 2022 Unr•#trfct•d R••trl¢l•d Fund• Fund INCOME FROM Donations and l•ga¢ 0th8r trading acbvths Otsr 2.417.662 8B6,903 405.1CIJ 31,750 2.449.412 686,903 4D5,11KI Totsl 3,509.e65 31.750 3,541.415 EXPENDITURE OM ng fund# Oth¢rtrackng ac1¥￿.•$ 114.188 215,778 114.168 215.TT8 C￿1￿•b￿ actlvlU• K•n￿lI1n9 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 T*J•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 0￿m￿20¥j 45.531 52.720 418. NETBOOKVALUE Al 31 Dxenkn2023 4.71• 17.7 A131 Docw*w2022 24M9 TANGIBLE FIIED*A8ETS. CIWIITY Mvlor Tdll CO#T Al 1 J•nu•ry 2023 Drm O*pc4* JI tJK*mbor 2 3.197.4 142.111 71.W2 3235 71.OB1 16,eoo 4 J24. 15D.44J 1J.134 ￿$21 7M1 D￿Re￿AT￿N Al l January2Q23 ¢Nqryforlh•)wr EbThknAtsd 1>3.521 43. 320.401 71.013 7245 Al JI oucam￿r?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 Arn￿1)ts Ow￿1 by subs&liary VAT Pr￿aY￿ents 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 c￿MY 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 t￿tion and $0(yal seD 20.329 137250 14217 9.703 20,329 124,600 14217 7.762 121.3 102,551 101 13.$46 (01 19.563 140.W23 181.500 116.096 166,908 XI. CREWORS: AMOUNT3 FALLI4G OUE AFTER IAORe TFL4N ONE YEAR Gnwp h•rtty 2023 Charlty 2022 2022 Bank loans (see notè 211 368,310 368310 368.310 368,310 23 GREYHOUND TRU8T NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. LOANS An an8￿19 of the of i¥ bebff. Group 202J Group 2022 Ch•r 2023 Charlty 2022 Bank lo•n• Amounts fallng w*wn on• yvar 20.329 20.329 Amounts fallng du• b•trh*•n one Wbd Iwo ye¥$ 20,695 20,695 AM(￿nts falling dua b•{4￿0n 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 ￿lI1￿n 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 I￿til on 8 August 2039. The $ecurod bank bjan t¢cured fm wowrty, had a purchase price of £520.000. The tems of the s¢¢urity p￿￿de for the lendw to d•m time io the property in ￿ evonl of a defaiAI on prindpal and interest payTnent5 in the ovenl that a re¥tructuriNJ of the h>an wa8 not agreed. Page 24 NOTE8 TO TrE FINANC￿ STATEIIENT8 FOR YEAR ENDED 31 DECÈMBER 2023 21. IIOVEIIENT IN FUP {Lo••MV Trnn•f•r• B*la•¢• at e*lan¢• at 1 Galn• s)n b•iw••n 31 D•c•mb•r January 2023 trKom• Expffidmufv Inbwtmont• fund• 2023 Unrestricted fimd$ 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 l￿d un￿StriCted The ImrestrK*d 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• FtMS oflhe T￿￿tse has sNJnifieant Yrflugn(*. Th• DTrclor ofth& Tru*s ￿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 • b￿an￿ of£NIL {2ty22. £4.8661 waj vAvJto the rdateAI p*1y. 2e. EMPLOYEE BENEFIT OBUGATIONS Tré ¢h#rity QF•ratos • defir*J 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* w￿h that o121Y23. Py27