REGISTERED CMARITY NUMBERS.. 26￿68 •nd SCIM4047 REPORT OF ThE TRUSTEES AND AUDITED GROUP FINANCIAL STATEMENTS FOR THE YE￿ ENDED 31 DECEMBER 2024 FOR QREYHOUND TRUST ¢3REYHOiP4D TRUST ¢(￿TENT8 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ret4xtof th• Trustees 1to7 R¢wl ollh• 1ndependBnth￿rt0r8 8t&10 conjo￿d018d PA91¢￿￿nI of Fmn¢lg1 Adlv#la8 11 Con50Nthl•d B•Lgn¢è Sheet 12 13 Notsslo FlnanLl81 Slolornents 141026 GREYHOLVID TRUST REPORT OF THE TRUSTEES FOR THE YeAR ENDED 31 DECEMBER 21)24 REFEREMCE AND ADMINISTRATIVE OETAEL8 Dlrectorn of G￿YhOund Trult TnMts• Llmltod {the Corporats Tru•ts•} Profe$oor Sle¥en Deon BV•lM8d, MRCVS. DVR Chatrnmn of Grgyhound TN*t Boaftl of Dlreckns Mr Ray H8rthrYJ Dlreclur OrHazol Mwgwet Bentall B.VAc M.R.C.V.8 Malcolm Georoe Mr Chrf8toph•r Jarnes Reeves Soph18 CTQVIh￿-￿ Dlreclor Qitector Fl1w￿• & In¥•th•nl sub Commltt•g Prof¢stor Stw•n Dtan BVeNod. MRCVS. DVR Mr Ray Hardlng MB 8ophlo CIty￿h•r•I Ch4rrman ce Chalr Treasurer chrlty r•ght•rnd nUm￿r 269e68 and SCO44047 Prln¢lp•l offl¢• Nallonal Gr•>4114Md Cenlte P¢èks Breok L• Rya gsx Audltèrn MC Au(11 Lknlted ststutNy ￿￿￿11018 StaUon Hou North SIr￿t Havanl Hgmpshl P091QU 8•nkor¥ Bank Threadneedb Streol PO Box 1(XlO BX11LT 8ollcltor• Brl¥tow 1￿ Victorf• Enknankm•nt L￿d0￿ EC4Y OOH P￿1 GREYHOUND TRUST REPORT OF THE TRUSTEES F¢)R THE YEAR ENDED 31 DECEMBER 2024 The TTu8teèts present Ihalr 8nThMt report topther*th th• wdmed ffiftand￿ $lat¢ments for thè year l JanU￿Y 2024 to 31 D￿£m￿oI 2024, The Tw8t•o8 ha￿ adopted the PTovIBions of Acc¢xYthg and Repoiting by ChAths'. 8t8temBnl ol R•comm•ndgd PracUc• •ppli¢abl8 k) prepaikng thdr aceounlF In actorthnco Yrtlh th8 Flrwn¢Lql Report&io Stsnd4Td opWi¢able In thè UK ono R•pybk 01 Irthnd (FRS 1021 lelkdfve 1 Jgnuary 2019>, 8TRUCTURe. GOVERNAtKe AND MANAGEMEvr Gvvgrnlng docuThont The gumming dt)ttumontof thè charity 1$ ts tjoèd of Trust, whlch was 5 June 1975, wlJi¢h fom8d tha Grayhaund TfU8f a¥ an unlncorpoE*d charky, the (>whowid Trust has ththlable ststtji in both EngF8nd & W*s 1¢ho￿ n￿b•r ￿228) and s￿]8nd (charty nunknr SC044047). Th• Grwhound Trust rnrwed to 8 Corporat• T￿￿te0 govemance slrydurp on 21 Jung 2018.. ag gu¢h thg Oweoiors of Gr•yhound Tntst Trustee Lvnlted Uhe Corporatè Tnmtee) make declsbn$ *)n behall of Ihe Ctyporale TnAtte. Al f8rences to Dirattor¥ refer to Dlrectors of th¢ co￿Orate Tru$le&. hjl Tere￿n￿ to TvJ$t•es refer to the Corpurato TN8tse. Th? Trust Dead was fvrther upd*d as a ¢onfomi8d Trust 0¥od on 16 Otstobor 2020 and l• It#Jggd wllh the Charlty CofflmiBthn. Ao¢rnltm•nt and oppolntmentol tnMt• In •C￿r￿AnCe with wod practKA. new members of the Bowd arn appolnt•d lyrf Dlrn¢lor• to M￿nI￿n or Jment Ihe range of 8klls and 8xpèthr* approprith to th6 n8eds and of Ihtr Charfty and 8re Ipoknhd by ol mo￿Y by extsling 80￿￿ Members. on behalfof thè C¢xpotaig Trustse. fol￿n9 an lrtwvknw wilh the and at Imstonè ￿rd Dnetor. the Chi•f Exrtth 81È0 w6ent. Now Dtr•ctorn ar• I￿￿ted by th• ChaknHn •nd Chlel EXp￿the a￿1 •rTh)urW lo vbf( t￿ N4lKAMI SupkKJrt C8ntre and a 8ranchlBron¢hg$. to galn a g¢)od und4rnlandky 8trtKlurn dwrity and lTht d4Tto doy Ihjmlng ¢p•raK)ns arw conthk*d. D•d•lon m•klng The daN041ay managem•nt of th• Gr•1th0￿)d TNst Is d•logthl to tho Chlef E¥ecub*e, LIS8 Morf$ artd thTwgh her lo Ihe S￿li0r Managem¢nt Te8fft. The Choir of DYectOTS and key Officw8 SUPPOrt th• Chlaf Exxutlv•. wNch fcfft the Ilnk vlth tho BDard rf Dtr8c*￿ and ullknaiety the COW Thmtee body. Tl* Board of Charlty DtrBCtarn18 raqytrwj lo conduct ihe allth and Ihe g•neral bullw of Iha Gr•fftund Trust on behaw of th• Corpornte Tntstee and Meets at b•sl qu&rterty. Th• maln 808rd w• $uppDrt•d ty the Flnanc• & Inw8knnl Sub meeilng quHrtety, pl￿ thg u$• of the Vetor5nAry & WeW•r• S&1 Cor*mkn who mtst on a need led basls. Where thw• 19 elther an op8raliDnal or str4te9rc ng¢d. S CoThnthes may b• ￿M￿d for key idort5f*d pu￿￿5￿d. su¢h as assel or devdopmenL The Dlrncltrt re¥low finan¢W and op8rallonal IrgThJs rno•sureil agalnBt tho annu* appro¥•d buty K•y P•rforman¢e In￿¢a10T$ 0￿18) are kn FI￿10 assisl thls proc•ss of reportlng bytho Execull¥a And monknlng ty th• Dlrecb)rs. Rél•ted parti Gr•fvound TN81 Ly¢rth GreyhouThJ Ltd, a whoty (wrwd tradng wbsKIl￿. wlth Ilrr )Tr￿any slatu& r*t•rgd CoffWan￿B Hou80. 7*hi¢* 108 Its Owb Board of Dtfectors Indu￿l￿g Ind¢p8ndonl Dtre**r¥, *thlch mo•1 r8wl&dy Ihroughtyrt the yew. Its bu5h*ss 19 Pf•Sentsd tt* 8oaTd of Dtrectors a# kffonnotlon ltsms as requtred 8nd Ihelfaccounts ￿ conw￿81￿d kn thè YE knu31 Report. Pag• 2 QReYHOVND TRUST REPORTOF THE TRUSTEES FOR THE YEAR ENDED 310ECEMBER 2024 RIBk managèmènt Dlrèctsys revl•w wea8 of acro$$ the lul rang8 d tho tharWB ac1￿￿1*& and th*￿ 18 •n and regu18rly re¥lewed rtsk rt*r. Tho ¥nnual budget and business plannkng processes knckKle a98èBsrn•nt4nd rn¥law of P￿8￿bIg ¢horfty ttsks . plus pl•n• to mitigate Ihelr IMp￿t on the d￿￿try of lh• charlablo 04ectlves. Any chang8s In r18k dlscussed by the Ok¢¢tors a￿d apyopriate Illk MI￿94110￿ oed, rer>)Td6d and rfionrtored as part of Iho r*k m￿agement pro¢•ss ol bolh th• Fkn8n¢• & Invwlmenl Sub Commttt8• •nd the main Board. A s•rlès of procedures •Dd control& are wokntalned to ￿￿¢È lo the chwfty. wilh ¢ryehen81¥0 Dtro¢1 and profes$lonal IndemThty, publlc lablllty and empltypr liability ￿8￿An￿ in place. Fund8 h•ld •• ￿¥tOd1*n for othwr¥ No fwnds aT• hehd as custodian on b8hatl of others (other than (Wounrt Trust Brath all op8r• undarthè GrthouThJ Chwty Numb•r). OB&CIIV28 AMD ACTIVfflES Gr*Yh￿[￿ Tryst W45 es18blt8lwd as •n Independent ch•lty by th• weyhound ra¢ing Ind￿try In 197S to rellred raclng gYeWwnds. Our vlslon Is" a day radrvj gr6yhounds rebre to tr4lThg hoTr￿ and are Iteatsd wlh compas￿on and klndn*¥$'. its fvrmaltrjn, th• tharty ha8 homed vmll over 130.OLKJ re0￿1 Fath gr8yhwnd8 and kn 2024 hon*d 1098 grty*o￿N1s. W• 8r• aclve men*Jern of Ihg Greythound FoftTrn, ￿ch prthY•s opportunm8S to enga98 vAlh rel8vant St*hO￿ from groyhound rnckng and regula￿On an¢J our ￿1•￿9￿83 In animal **re, allos%ln9 UI to contribut• to tho d￿0p￿ent ol r•l•¥ant pulky *￿ch Impa¢t8 on Ihe gr•fv￿￿ s•¢tor. In Un• vith our o*c￿V¢s. GreYho￿d Tn*i vperate tN$ hK4u$lve approach ¥nd work u¥os8 a *idÈ rry of 8lakeholders across yrnyhts￿l rnclng and welfare; wfj beI￿ve that h)L*$i¥o apprO￿th M￿n￿$S the P￿￿1¥• tmpact f¢r retred gr•yhounds and thos•that Irè acli¥dy wa￿n￿. Ourmlmlon tsto provide brfghl fwtyro¥ and lovSrvJ h¢Jnw lor r•ttred racwd groylKwd3. by.. Helping gre>th¢Mtd8 tran8ilion from ractrw •nd matchkq 1￿M tr* t￿m*{wh￿l thoy WII IM thelr retrernenl, and.. Caring forand ro-homing other whound$ kn need, and: Provldlng ￿$1 adopth)n suppm ￿ M￿m￿l ofeach w8yhound homed. We lthorour charllable obl¢¢fv¢$ and ensur• Ourdlrn￿ pth b8nèffit ty.. Faalitatiry Ihe homlng olrniirnd greyhound$ vla ourNaltonal Branth ngh¥ork', Rai?￿8 th• profile of grey￿ndS r•Jrfng frMI racing aTrJ Ih•lr Jumablllty 98 p•ts and companlon8. Workh)g wlth other chafll*Ap organlq•tlon8 to greyhoLMd (knd Wlatds homes tr gr￿o￿n￿5,. ProvKthng volunteerfng opportunllies. ond where SU￿¥1￿¥. hx¥ vOl￿me edu¢xlknnal and therapeul¢ u8lng gr•y1￿￿1$ ¥uilable for expul￿9 T•Ah chlldien. lh• dderly. th08& wllh additl(ffial wds, ai wen as those who are unweH and 1gmiin8Wy il. Grefftund Tn¢t r•main mwidfvl that we an animal ch• . whern weyhound weifaw is our prk*rtty.' ¢10 noi acwa reducUr￿ In gresthound vlolfare lo ￿lA1 OT outreach r•qu¢¥ts. Publk bon•fft undtipknB the ChwW8 work and 81 Chwttable DITectorn ha￿ due mgard to Chartty CommlsJlon'8 publk b•nefrt guldonu theyexerd8e iel6vant pow•rs and d￿1￿$. Pog• 3 GReYHOiIMD TRVST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEIABER 2024 HEVEMEMTS AND PERFORIIAMce The gojrd ol Olrector4 and M8nagemenl T•am to Tecord ¢wr thank8 all slbff. ¥olunt•8Ts and Jupport¢r¥ forthelrcommmment and support to GrnyhO￿d Trust trwhout the year. The Ibjrnlng ￿CCes• of 2024 was poulbl• because of ts comm￿1 and contrljulth of the r•nwthl8 Grnyhound Trnst volwleer8, th• ¢onlknuod o•ner081ty of ow 8UPPOrt•r8 8nd the hard work #nd gence ofowNdonal SuppvrtTeam. OUR VOLUNTEERS Nvlth 718 vulunteors across Grgyhound TnJ8L ￿Ing 10.264 I￿￿r$ per month, volunteers are frepty Ivthg w knmèAs• amount olum that•4ualo¥ tr) 63.10 men*eTS ¥tsff per month. When Tlew¢d In annu￿ context. the vol￿ of volw#e•rs betomes enofflvw& voluntaors giftlng 123,168 hows per J*ar, whlth vthèn calcuwd at the Natkn41 Mlrlmum Wage, 94EAles loover £1,4 rnlllbn P0￿d8. Eath and esw V0￿￿te$r, whatvler number d hows they gfft 10 tho Twst we IrrKneTrsely ¥4fved. Word8 Mol w¥•ss how gralefvl lknhound Tw818r¥ lo our V￿rteers gi* ao much to h8lp hom• r*•d raethg arèyl￿dS. R•fjo 01 FTE staff to Volunt￿. 128, *lth roliti inrtsaslng e¥en to 1.72. pald k•nn¢l slAff are r•mtr40d from thg ¢ol¢ul8tt0n. FINANCIAL REVIEW 4 ¢*orfty w• 8ro entir•ty knnd•Trt oh ¥olL*Jtsry conlra)ulon8 ts) cover thÉ tost of au Gr•yhoLFnd Tn￿1 #thltl•s and are •xtremety to e￿ry inthklual that $uprK*kd ￿trI work ln 2024. by donadry. a legacy. homing a gTeyhouTrJ or helpirvJ u? rBi$e awarene8s thatgrèyhound$ qr•atp•ts. The ch8ty cortllnu8s to r•c•lvo reduced Snc4>me frorn Gr6yhourxl Rathg In￿￿ty. In 2024 greyhound racing cDnlribulkn w4¥ at its lryw¢st 08 far as ow N¥toital fe¢ord$ exknl. •ccountlng for onty 8 % ￿0yr Incom• (£311,2W. Th￿ks to th? ¢ornmthgn( w8¥ethg dedlcatkn and 8hw h&rd work ol staff. Irust•e• antl ¥ol￿teers. we to help as mony q8ythounds as we c￿, despbte fv conlknuln9 toullh e¢onomlc wwimnm8nl and wulor ImpgGts of the poll￿ IKtdscape bolh h Iho UK and futhr thld. Page 4 GREYHOUl41) TRUSY RÉPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 1024 FINANCIAL REVIEWICQNTf4uED> s￿rnary ofth• rTr8ul¥ trlhe J*ar and the re80w￿$ dfjployed at 31 Dwmbw 2tr24 fc41ows: 20 2023 T¢Aal iN>)m¥ 3.841,248 4,467,999 Ch8rftsble acbvlUg8 Cost ¢fgeneratry fvjr CrAol s81ostr4dkng enffiy perditure ol tr•dh¥J subsldi*y 2.077244 149,301 2.177.Sfd 117.843 11Q912 197.099 Netm¢wement In fvnds 1.603.791 1.975.536 IDecrwelllncreA8t kn value ollrNo¥tments Toial lundsat startof ye Not Inuease in fuThts T(￿ at •xl ofyoBr 8,55Q148 1.503,791 10,061,938 6.582.612 1.975,538 8.SW148 Exp•ndith yew InL*dlng dl 0￿rh@ad8 VA8 £2.228.545 vthtth tscd*ated Ihe IKmh)y of 11J99 ratifod radThJ greyluthts. 11 18 to inthcot• an esllmatè fty th• cost cl h¢xnKw • Trhounl •8 costs vary signlficanty (*wdwwJ ￿ th• medkal, *Tllbeing and behavSw of •8ch gr•yhound. The UÈk1e a¥eraq• of £2.027.81 por dog lexponlliture d￿ded by ￿ nurnbor c( (W hLNedl ¢ell¢ci8 thè DJmpknlty dth• #d1￿11#$ of T￿￿tVI￿O som• find • nom8 ¥•ry wnewatt lor mnths Qr mor•. 7AthMstotlws m8y r￿d expomtve ffledkol treatm•ntvthl8tln tyjr COF•.' 11 is ntA wwpct•a tr7* u* thanriaJB clth• 2024. c￿tin￿ tts ilgnknt drfleTenC••*1￿ ¢thnp8red to e ¢))vkl ￿ar$. St Is to how lono rowery in greytrK)und homkng ￿1[ &ike, e¥perAalty &¥ven tl)at ￿ll￿dI1 landsc4e •p￿ar5 lo b8 rA}m￿ld811n9 Into knng t*mi fifi8nelg1 w•sGwgs for a propothn ofthe popula&on, and for m￿y, th&fjnancJal presAuro8 ¢￿tinu8 to￿6￿. The co6tto continu￿ to Increasa,, 18W dueto whound8 la￿ lthwwto home dlw ¢0 i ofdemand frcm Ihe pubk, arKI wyr*nal cost ba$8 beiro Bignikantly Impaded ty Infl*lon. 2ff24 ¢¢4t per dog.. £2027.81 (202&" £1.W 2022: £1,447) and ten￿ of 61ay 114 days (2023.. 115 2022.. 88). F￿￿1 bdanr* It 31¥t De¢￿ber 2024 at£10,¢A1.938 Q02&' £&556,4181 ol uffo￿tI&l l￿d5 IneTr8ranch) £9,757.￿£. re￿rIC1•d fuNts held localty at Br**h Iw81 £197.578. al￿ fun¢15 of £107.355. The £9.751.(￿ unrfj$trfcled Ind￿ fixed a58ets of £3.9ee.353. the remthder £477QO51 tang 0IMrt*ntrd LyWeStr￿ fund$. Thv Tru8ts vh￿￿1V tratlrvj Su1￿1￿￿ry orth0￿d Eywts Ltd made 8 of£9,376. Th•r6 are pl￿$ to T8&nthring yratirrfj rnodd in 201V2026to reduce tstwe I lulfdment cuts ¥nd ultknatèly 8851 tho ojrnpany trt break 8ven or Op￿81• at a profft. The Gr•yh¢)und Bowd h3V• CtThlderwJ the irnp8rt of the tr4(kng on lh¢ Ctr(arity and are m￿￿9d IhAt ￿Ven the PDsIUve rnlalonship il wwnd8rs $W￿rterS trtè h￿h-qu￿lty gxil$ ￿ can iuppty, that the fwoin9 runr*ig of tho 8ub8idkngry i& desirable, d•splle the lact it hA$ made ¥ loss tn the ygar. P#ge S GREYHOUND TRVST RepoRT OF THE TrUSTEES FOR TIE YEAR ENDED 31 DECEMBER 2024 The Board ol tYMctor¥ th• r•sem8 pol* •8 per Charity Comffll8slon guidance and man8ge the d￿arn￿ ffluctuallons of the ch3rity by ad￿11￿9 ttt the guldarKe lo "r¢gi• rnonltor •nd revi￿ the of the pdtry in the Ight of Ihe ¢h8nwg fundkng arnl dimate 8nd other rfsks.. Thk means Ih8t d•ds6ons around Ihe reserve levels re¥Mved and •dapted kn li￿ wth need$. ha¥hvd a￿eS￿l rw and ben6fft5 ofdffl8rant ctsw••s otadkn. Th• CMrityB r68eryos polw * ￿ hold tha ewlvalenl ol glx Th)nths planned eXpendI￿re (b•wl on PT•vknuB years Stknnthd ￿eD￿nts) but al￿ corntder the ChArfty commi￿on B￿dance In respect vf managlrKJ the dynami¢ ￿el￿atIOnS and needs of the dhgr#y. Thls conlngenw 1$ not tt*nd8d lo sow be a pol of th•1 aMow5 Ihe Greyhound TwBt lo surth a fundlng ¢rf81$ lor 6 months.11 Ib to provKle a finandal buffer Ihai p•rmiis the Board kn pay outstanthvJ debts, asse88 the drojm¥t4n￿8 and detyd• Up￿ thè best •tro*gy f¢f Ihe whlch be buBines4 as US￿ or moy Inthd& ch•nw to oparatlng models and Fuiur• pknr• Lkn orgw4salkm, Grayhound Tr￿14￿ SIWI bèlng Impactsd bythe po¥t pandemlc lÈndgca￿. vkach oul ol the Ch*￿8 control. It appews that thè Con￿nUed serityJ8 8t)d wldespr?ad ￿￿?￿9*9 around the l)Ilatlon and ¢￿tor I￿Ing are tho nw and Tn*t axpect the finandal landscape lo ci¥thue to lunthal¥lng wnd greyhothj h(M7*¥ into 2026 aThl I￿y￿1. Wlth nthd, Tnxt rn￿t aiktress the pr* Is8￿& and look •1 new to encwr8 t)pie to 1￿me • gtW)ound and Sryrove ow pubk reuth. IhlB In mlnd. Innova¥ve mpdla b¢ eykknéd and F4bted li 2￿15. wlth the man c411 to aotlon being to home a gr￿ound. We kn¢ytt thal our Most cornmllteil 8UPPOrtws comv from Ihoso who ha￿ had tl*k I￿e9 t¢xKfv•d W a greyhound. 80 tsklr•4 reneh*d arwl mare innovallve to homkng wlll gl¥e dlred (yportun￿lO kncr•ase a*Mrene98 and In¢ome. To m&¥Jmlse awaw88s and Int￿mI opportunllie6. in¢ome generauon VAH be d￿￿￿ed.￿rOUgh lh• u•¢ al rdes Iv dgvdvp axren•8$ artd Income ￿nernI￿￿ pppLwbJnitiM, (knhound Tn*l T*4th to IncMas• •tabThty ol day*dry homlng WOTk and T*4181so •lralewc81ty assoss thè operallonol of the homkvJ Wlth Ilhry conllwed po•tsve net movwrt•nl of unre8trktod fimds. Gr8ylbound Twsl $tratsglc* wlore opportuntties to strengthen thg Sla￿1￿ of bjmlng locati)n8 furth•r ¢Wal Iweslmer Pa￿6 GREYHOUND TRUST REPORT OF TtrE TRLISTEES FOR THE YEAR ENDED 310ECEMBER 2024 8TATEMENTOF TRUSTEES RE8PONSMUTIES Th• ore respon81ble lor prep8Jlng Ihe Tnistee4' roport and the ffnan¢lRI ststements kn accordence vAlh applleable law •nd Unnod Kingdom Accountln9 SI￿d#rds lUrft•d Kkngdum Gon•r&Yy A￿pted A￿nthng Praclko). The law apF4l¢atl8 to In EnglaThl and WAb$, the CharM•s 2011. Charfty IAcc04W)t8 and R6poTts} R¢gulatlons 2008 and the provL8IDng of th• trust dead reqvlres Ihe Trusts•s to Prepa￿ f*wcl•l SMlgrn•*s lof trach financkl yèar Vthlth ty¥e a lrne and falr View of th• slate of affalrn ollh? tharity and of the IncorniTrJ rfjsou￿ and appllcallon olre8tyJrc*s, indudtn9 the tng)mè and elpendth. oftho CW for that wriod. In th•8e ￿na￿al stalomnts, the Tru8tow •ro rfjwlr•d to: . •8lo¢l •uftabJ8 ￿￿Ing pol￿￿ aThl th•n *ythom ¢tyIMlenl￿,. . absem Ihe mothod• •nd In tha Clwth¥ SORP: • makefvdgm•nts a¢¢th￿￿ng gslmkn that ￿ r•a8oTrable prud•rt • 8fats￿reppl￿Ab10 aceounllng Itstldarrfs ha￿ be•n foUow•d, to ￿ m•l8rfal Lkpartwes ditrl08th1 ond vxplul￿d In Ihe fin￿•1 8lalement6: ' y•parn 1he11rAnd￿ itatoments on tho ba¥ls unl#8 tt18 knapproprfats Io prn8um• thatth charftywll CO￿nU• In b￿￿7089. Th• Trust￿ are fespthwlblè forkegplro propw accowllng re¢)yds 4*scb)se wxh r6asThMble IKcuracy al any 1Sm• thè llnancl￿ Pobttkn) of Ihe ch8rlty 8nd to •nable thern to Insure Ihat tho fln4nd•l stat•l￿nts npty￿th the Charllk8 Act 2011, lh• Charity IAccount8 and ReP￿ts) ReWahor* 2008 and the provislons of tha TN8t l)09th Th￿ arg 81$0 mpontslblè for sale9uwdlry the 488•t¥ ol Ihe ￿rIty w)d hen￿ for t8klng as￿￿1￿*￿tepS fortho preventlon dotection offraud other Irr8gularlts8. Th15 report was appro¥¢d ty Ihe TN8te88. on .q.2r d ¥twed on thok b*h8lt Pmf••8or 8t•¥•n D•in Cttalnn•n of tho Grnyhound Tru•t Board of l)W•ctors For•Nd on beholfofGMyhomd TnthiTYu*tM Llmlt•d P4e7 REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF GREYHOUND TRUST Oplnlon We have audited the finanryal statements of Grèyhound Trust Ilhe 'chariWI and its subsidiaries for the y•ar ended 31 December 2024 on pagÈs 11 to 26. which com￿"se the Consolidated Statemont of Financ¥al Activities. the Group and Charity Balance Sheets and Cashflow Stalemenls and notes to the financial slalements, including a summary of significant aeeounting polirjes. The financial reporting framework that has been applied in their preparation is appliGable law and United ￿ngdorn Accounting standards, including Finaneial Reporting Standard FRS 102 'The Finan￿al Reporting Standard Applieablè in the UK and Republic of Ireland. (United Kingdom G&nerally Acceptod Accounting Praoticèl- In our opinion the financ¢al statom¢nts'. give a true and falr view of the stale of the group's and the parent charitable companws affairs as at 31 December 2024 and of the group's ineoming resour￿5 and application of resourcès. induding its incom¢ and expenditure, for the yèar then ended., have be8rk properfy prepared in acGordance with United Kingdom Generally knepted Accounting Practice., and have been prepar¢d in accordance wrth the réquirements of the Charities Act 2011 have been prepared in accordance with the Charities an¢J Trustee Inveslment {Scotlandl Act 2005 and regLlation 6 of thè Charities Accounts IScotl8nd) Regulations 2006 las amended). Basls for opinlon Vve eonducted our audit in accordance with Interna￿Onal Standards on Aud￿ng (UK) (ISAS (UK)) and applicable law. Our responsibilities under thos9 standards are further described in the Auditors responsibilities for the audit of the financial ¥tal¢menls section of our réport. We are indep¢nQent of the charity in accordance wilh the ethical requirem¢nts that are relèvant to our audit of the financial statements in the UK, in¢luding the FRC'3 Ethical Stsnda¥d. and we h8vÈ fulfilled our other ¢thi¢al responsibilitiès in accordance with these requirgmgnts. We believe that thè audit evidence we have obtained 15 sufficient and 8ppropriat• to provide a basis for our opinion. Conclusion$ rela￿ng to golng eonearn In auditing the financial statements, we have eondud8d that the tru&tees' use of the going concérn basi8 of acco￿ting in th& preparation of th8 finanual stat8ments is appropri*e. Based on the work we have performed. we have not identified any matèrial uncertainties relating to events UT ￿nditionS IhaL individualty or collectively, may cast Slgnificant doubt on the charitable companvs ability to continue a$ 8 gE)ing concern for a period of at least tr4elve months from when the fjn8nu81 statements are authtyi$èd for issue. Our responsibilitias and the responsibilities of the trustee$ ￿th to going concern ara described in the relevant sections of Ihis reporL Other Snfornwtlon The trustees aro re$pongible for the other infomation. The other infomation compri5gS the infomialitsn induded in the Annual Report. other than th¢ financial stslements and ouf Report of the Independent Auditor8 thèréon. Our opiThon of the finanaal statements does not cover the otheT informati¢n and we do not express any form of opinion or a35Ltsn¢e ¢ondusion thereon. Page 8 REPORT OFTHE INDEPENDENT AUDrroRS TO THE MEMBERS OF GREYHOUND TRUST In connèctton with our audit of tho financial statements, our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or othèmise appears to be materially mis$tated. If we identify such material inconsistencies tsr apparent material misstatements, we are Tequired to deteimine whether there Is x matèrial misstalemenl in the financxal statements or a material misstatement of the other infem)ation. If, based on the work we have performed, we conclude that therg ig a material misslatement of this other infomiation. we are requirèd to report that lact. We havg nothing to report in this regard. Matters on whlch wg are requlred to report by exeeptson We havo nothing to report in rèspoct of tha following matters where the Charities Act 2011 requires us lo report lo you rf, in our opinion.. the information given in the R¢FK>rt of the Trustees 1$ In￿nSiStsnt in any material respect wrth the finanrAal slalements". or sufficient accounting records have not been kèpt.. or the finanaal statements arè not in agreement with the accounting r￿￿rdS and retums., cr we have not ￿e￿IVed all the information and explanatiw$ we require ft>r our audit. R•sponslblllUes of trustees As explained more fully in the Ststement of Trustees Responsibilrtie$, iha trustees are responJible for the prep8ration of the finanryal statetll¢nts which gtve a true and fair vièw. and for such internal control as the tsuslees determine 18 necos58ry lo enable the preparat￿}n of financial statements that a￿ free from material misstatement, wheth$r due to fraud or eTror. In preparing thé financAal slatemenls, the trustees are responsible for assessing the charity$ ability to continu8 as a going concern, dis¢lo$ing, as applicable, matters ralatad to going concern and u$ing the going concern basis of accounliny unless the trustees either intènd to liquidate the charity or to caase oparalions, or have no realistio 8liemative but to do $0. Audltors. rg$ponslbllltles for tho audit of th• financial statemonts Our objectives are to obtain reas￿able assurance abDut whether the finantyal statemants as a whole are free from material misstat8ment, whether due to fraud or error. and to i$$uÈ a Report of the Independent Auditors that ineludès our opinion. Reasonable assurance is 3 high lev￿ of assurance, but i& not 8 guaranteè that an audit conducted in acctsrdan￿ with ISAS IUK) will a￿vayS detect a material mis$tat£ment when it 8xisls. Misstatements can arise from fraud or error and arè considered material rf, individu81ty or in the a9gregate, they could reasonably be expected lo influence the eGonomic decision8 of usérs takon on the basis of these ffinancial st*ements. A fvrther dascription of our responsibilities lor the audit of the finanaal statements is located on the Financial Reporting Council's wèbsila at www.frc.org.ukJauditorsresponsibililie$. Thi8 d•scription forms part of our Report of the Ind8pendenl Auditors. Irregularrfies, induding fraud, arè instances of non-comFJiance Mth laws and regulations. We design pro¢edures in line with our rèspE￿Sltsll1Ies, oulined above. to detect material mis8talgmgnts in respect of irregularthes. irteluding fraud. The exlenl to which our procedures are capable of d¢te¢ting irregularities, induding fraud18 detallod belw.. From di￿￿$S1on with management and those charged with govgrnan¢¢ informatton about thÈ èntty is documented to assess the activity wlhin the organisation. We discuss managements 8$$essm•nt of risk in respect of irregularities, fraud and going conc8m. Page 9 REPORT OF THE INDEPENDENT AUDrroRS TO THE MEM8ERS OF GREYHOUND TRUST Based on these dis¢usslons and our own a88essments WÈ determined that the key risk areas were Income recognit'on in respect of cut off Issues coneeffling income r￿gnItiOn and management override concemlng the size of thé organisation. We sel financial statement rnateriality level based on the level of ineome. As a not for profit organi$81ion ral$ing incotne is its primary ftscus which 13 why income was used to determinè the level of materiality. Our overall asses$menl of risk was u8ed to determine performance materiality al an appropriate level. SLI)$tsntiv& audit te8ts were d&signed after assessing and lastiny systems and controls. The 8y8tems and controls which have been designed to a¢t as a preventative measure against fraud and error were operating as do¢utnenled. Substanlivo tesbng testèd a sample of the population, representative of the populab"on, to identify erors. The testing did not identify any material misstatements in arèas tèsted. Audit substanlive tests concluded no material error$ over th¢ key ri8k areas of income recowition and managernent ovgrride. The audit eonsiders th¢ organisalion is not exposed to material risk of error a8 a resuh of assessing laws and regulation$ that are appropriate to thè organisation. Management assègsed there 1$ no going concem risk. The audit undertook a review of budgets, management accounts and the review of board minutè8 and came lo the same condusion as mana9emÈnl. A further description of our rÈsptsnsibilities for the aud￿ of the finanual stalEmenls is locatsd on the Financial Roporting Council's website at wwm.trc.org.uklaudilorsresponsibililies. Th¢ description fomis part of our Retyprt of th8 Independent Auditors. Use of our r•port This report 1$ made solely to the chanty's trustees, as a body, in ac¢urdance Tmth Sèction 144 of tho Charities Act 2011 and regu13ts'on8 made under Section 154 ofthgl Act. Our audit wcfk has baan undertaken so that we might stale lo the charity's trustees those matters we are required to stale lo them in an auditors, report and for no other purpose. To the fullest extent pemiittèd by law, we do not accept or assume responsibility to anyone other than the charity and the ¢harrVs trustaés as 8 body, for our audit work. for thi$ report, or for the opinions we have fomied. Paul UnderW￿d (SÈnior Statutory Auditor) for and on behalf of MC Audit Limited StattJlr>ry Auditors Eligible to 8Ct as an auditor in ternis of Section 1212 of the Companie8 Act 2006 Station House North Street Havant Hampshi Date: 24 September 2025 Page 10 GREYHOUND TRU3T CONSOUDATED STATEMENT OF FINANCIAL ACTIVrn&8 VP4CORPORATING A CONSOLIDATED INcoMeAND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 OECEMBER 2024 Total FuTrd• 2024 . UnrtrteA•d R•8trfd•d Fund8 Not• INCOME FROIA Donallons and1og4cl•8 ¥Jlher tradlng activillei 0th8rlncLyne 3.142.672 ,939 329,837 3,142.672 368.939 329.837 3,fj14.837 538.275 317,087 3￿41.248 EXPENDITiIRE ON R8lslng fi￿d5 Otheitradiffj acfvrt 149,301 110,912 149,301 110812 117.843 197x199 Charkabh •ctlvlll Konn¢lling A¢tNthe• Veterinary f•vB Branch co8ts Edu¢akn and awareness Home fintkng experwe8 1,380.729 209,332 427,685 1.3W729 209.332 427,585 80.346 19272 1,213005 248,089 658,929 48.114 10,834 19.2n 337.457 2,337 457 Nel on In¥e¥trngnls NETWGOMEIIEXPEMDITUREI 1,503.791 1.501791 1.975.536 T hlOVEMEIIT IN FUND8 1,503.791 1A03.791 1,975,538 RECONCLIATION OF FUNDS Tctsl i¥ovghl loryrnrd 8,4fQ.793 107,3SS 6,558,148 8,582.612 TOTAL FUNDS CARRIED FORWARD 9.954.584 10 081.939 Po9• 11 GREYHOUND TRUST CONSOLIDATED AND CHARITY BALANCE SHEET AT 310E¢EMBER 2tyA4 Gr(y Gmup Chrrty 2024 harfty FIXED ASSETS Tongitite 08 InvsBlmgnt 14 15 1988.353 4.0651.245 3.986,353 4.IA9.245 13,559 787.230 1&544 477, 17 18 817.931 547.388 InvestsnerthA C8th at bank and in 5.451,9 4,131174 s,438,274 4,099. 6 232 779 4 629.828 6 258 205 4.847.902 Arn￿nts dueYAthln onvyg 19 1157.193) (140,9231 1128.3411 (1110 hET CURItENT ASSETS 6,075.588 4,488.W3 q127.W 4.&31. TOTALA85ETS LESS CURREpif LLIBIUTIE8 la￿1.939 &560.148 10,114.219 8.eOI,053 NET ASSETS 10,C61.D39 e.S58.148 10 114.219 FUNDS Unrestr**d 9.954,W 8,451K793 1Q(118.PA4 8,493.698 107.355 107,356 11YI,355 107.350 TOTAL FUPX)s 558,148 The we •ppro¥&J by the 8owd of Trust•e8 th8lr ￿81fty.. ¢hth4n vfthp frult BArd ol DlrKtor4 Forand OTr bOh￿oIGF•yfvOllnd Tru•t Tru•t•e Lknltsd Pogo 12 ORRVHOUIID TRLK8T CONSOLIDATED STATEMEIrt OF CA8HFLOW8 FOR THE YEAR ENOED 31 DECEPABER 2024 Omup 2024 Qmup 2023 Charfty 2024 Ch•rfty 2023 Cwh 110￿ fx•m opoV•tlng •¢11¥1110• C•h wraknj fram opwatbm 1,281,882 2,C67277 1.281.151 2,oe6.517 ••h wovld•d by{u••d Inl *)P•Mllng actMII 1,261,682 2,057277 1.281,151 2.086.517 •h flo￿ from acllyld Pwcha8e oftsn9fotg flxod a8￿tI S4e oftangbk fml aBB•ts Sth offixed &9gd Inv¢thn8nts lthreit rernwed 19.0801 1159,4431 6,IXIO 545 59,648 {9,CéO) 1159,443) 1.147 11.742 545 11.742 G**h by lu1￿ kn) Inw•llNo 4CtlYltl•• 57,134 114&554) 57.134 1146,554) Ci•h fl¢>wJ fr4wI •¢llv LoJn rep4ymonlskn tsrest pwd 1388.639) 16.833) B39} 16.8331 Ca•h pro¥ld•d ty lumd kn) Ilnaiw *EthAtI¢• 1395.474 {395.4ni Chary In cwsh l￿d etsh equ￿110￿5 in the J)Nbng period 1.318,816 1,5tS,251 1.338.285 1.544A91 C49h and cg8h wulv*rt8 4tthe frAJl ofthe repurtkng p•rlod 4,133,174 1817.923 4.099,989 2.555.498 Tolal ca*h 4tthv •nd rflh• ￿lf $.451,W) 4.133.174 5.438274 4.099,989 Pwdg 13 REYHOUND TRUST PIOTES TO THE FlhlANCIAL STAIEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POUCIES B￿1# of prwrfn9 th• fin•ne5al stat•m•nts )knnckql statèrnarts of the tharfty, whith IB a publc bemft Mlty under FRS 102. have ljeen pr8pwed (n acCord￿ce ¥4lth ￿ Cha￿ti•S SORP (FRS 1021 'AccountSng and Rep¢xthig by chanu￿.. statemenl of Recr¥nmeThYed Practlc8 wlirsbl• tr+ tharitl•$ prepaiiry Ih4lr sceounls in a¢¢¢xdance wllh tho Flwmaal ROPDrting Stsndard apwbftr in the UK and Rgpublc of Irdand IFRS 102) {8ffe¢aiva 1 Janu￿ 2019)., And Charti*8 Aci 2011. Tha ffinarK*al st*am•nls h8¥0 been prew•d the Grnfvour¥J Trugt meets th? definition of a publ1¢ benefit fj￿ty undw FRS 102, A*ets and liabltie6 ar• rw)gnl8td al Iworlcal cos1 or tran¥*lon ￿￿esS oU)•rwiM In lh• relevant pthy not•(s). (lolng ¢owm The Tru8148$ gjnlinue lo b•llavè Ih41 the Gr￿QUnd Trust hgs ￿u8t0 r•8ourcei lo e4rtinuo op0rd￿¥￿I exl8tsncè tr the foreBee4blg lulur•. For Ihis reasw the T￿￿tee5 conffjnued to a¢kW Ing ¢crt4m basls In pr•{￿ry thefwKlg1 *tomènl8. Crtllul •¢¢ountlngludgom•nts and kny sour¢fj¥ of 0•tIma￿On unc•*tslnty The judofftnert th& Tru8t•es hav& madè kn the pr￿35 c4 app￿￿j charftys acc4JLmting r*8 that have most sifvnt ellect on the amow48 r•cc9r¥5ed In Ihè statutory fiMn¢i •t*mnls bdw. sl irniè In a5s•$ÈinU wkiher Itwrn have been IndiLator8 or of a8￿ts. the Tw81tè$ have CCII8Klerad bolh oxle￿I aNI irtemal ¥ryJI￿6 of finformatM￿ 5uGh ￿ m8rk•t ¢onditlon&, counterparty cr*St ratlngs oxperienr* or re£ovw8lMItty. There Inthca*xs ol impowrnènls Idenllw Ihe awrent fin8na81 ytsr. Due lo Ihe 8tr*ht forward nalure of Gre￿nd Tru5Vs bu8in88s. th• T[￿t*￿ (lo nol tAllevg thgt thero arè ￿Y estN)Mlon uncert*nI￿$ that have i *nillts)t ri$k of causlng o m#lerid to lh• ng arr￿1 of ass918 ond liabl1¥i￿ ￿th1Th the next Ilnandal y•gr. Groupfin•nclo1 •l•knmDnts The lI￿rtClaI st•t•mwd$ ¢oDMJlid•iÈ the rosuMB of Ihe charty￿j wlKAly thyned sub9kI￿ry Greyhound E¥￿ts Ltd ￿ a kn&by-knè ba￿$. A 8•paralè Stolement ol Flnandal Adknlies and Inc£*ne ExpBrKl￿￿r• A¢co)uHI for the charlty Iw not be&n pmsented trAca￿e the Tntst 1ok•n advantag• of Incomo Incorn• Is rwnised wP*n Iho char￿Y antillam•nt to the thfjs. any condlllon8 allach￿l lo the Itenrfs) of WLcom8 hwe t4¥n met, 11 18 wob8tk Ihat th• I1￿me be and the afflo￿t e*n be measuwd r4Kgbly. Ct)me from &wmment and other gr*it$, wh•lhw ,￿PItal ' grants or tre¥enuo' grarts, is r•cognlA•d whon the tharlty has entlknonl lo th• fijnds. any p*rformW￿e c(ffitYllons ththBd to the qr4nls havo been met, It18 probable I1￿{ the will And the amount ￿ be M•aSUr￿ tsllabfy 8r¥l Fcr tegaues, eJ#MBrnenf Is lakgn 81 èarfler d Ihe dale on whkh 8ithgr. th& chaflty is aware that probAte ha8 ￿On granted. the Bslate has been Anall88d *)d notifh*kn has bee+A made by th& exg¢irttsr(61 to IheTrust that a dlstr*Abtlon bo mad6, orwhen o dtstsimrtion is rec￿￿ thè e8ts1e. Page 14 GREYI4OUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUPITING POLICIES Irortlnu•d} Recelpl of a kgo¢y, in whore or In partls only coroldéred prc4)abte ¥tt￿n the amount can be measured roliobly and the charity has been ThJtifEd of the executo¢s intentlon to mak• a 4JtstnlxrtK>n. Wh&re leg￿1¢8 hav8 been nolffied lo tho ch*ly, or the charty is wware of thé granllng rf prob*e, and tho criteria for Irwne recogrA1￿ have not b8•n met, th•n the l¢ga¢y is Iregled as a conttng8nl asset and dlscknsed materfal. Expondllure Llobillle$ are recognised as expendtture as soon ag there is a legal or ¢￿Irth obligation commlting the charfty lo that ox￿￿11Ure, ￿ Is pr¢)bable that 8 transf•r of economltt benefrts WHI b& r•qured In 8elllem•nl thè #mount rf the obl¥ation can be moasured Mliably. Expenditure Is accovnled lor on an 4Gcruals ba81$ and ha8 been ¢bsstsJ under headin9s Ihat •ggrogate 811 ¢ostS fel•ted to th8 category, Where Co8￿ cannot be dtrecty*lributed lo particular haadiws they hgv¥ been alkxaled to aclMiie6 on a basiB c(Thlslenl wtth the of rosourcg•. l￿￿￿rab￿vAT kn ¢lwged al i co81 agalnst lh8 forwNch th exwditure m incurred. Allocatlon and •P￿rtIOnment of rn8t•. SupFQrt ¢08ts are thoso fuKllons that assist th• work of the but (lo not directly un(*rtake charil*lo activltl88, SuH)ort ¢0815 incknle ￿tk offk• costs, fthonce, p•r8onn81. pwyroll and g*)veman¢e costs whlch sw)port the Tru8f# progfammeB and activ(Ik8. These c¥>sts hava boen alltt*d between cost of rak8M)g frjnds and eX￿￿1￿ure ￿ ¢harftable activth4. The ba￿ on Vthich sw)p¢xt costs hwe been allo¢ated are 8et out in note 9. Tanglblo fixed Deprnclafion i8 prO￿d at the fokwkng amual r*$ in order to TATite off each a•8et over. Is estimatéd U8eful Ik, Freehokl propwty (excluding purchases) Office equlpm¢nt and kennd a68ets Molor vehicles - 2% on ¢p•t - 20% on ¢o¢t - 25% on ¢￿t Stoc StsGk h included at the Imr cl cut or net mll8abl8 va￿. Donatsd itlms of Stock ore recognlsèd at fair value Ththich i¥ tho amount the charfty *rwkl hav• baen wrfllng to pay for the items ¢)n the q)en ma￿8t. Tax•tlon Th• charty ￿ ax•mpt tsx on b ¢hartsbl• aElwKi Fund ￿￿ntIng Unrestrthd luvth can be used In ac¢ 1.513,186 2.004,788 8.eoi,o&i 696.287 10.114 19 8601, R8prè58ntad by". R¢•thd8d funtts Unre8tricted lund$ 107,355 10,006,884 10114219 107.&55 8 493.69 8 601.Q53 YKOME FROM COMMERCIAL TrADING OPERATIONS Grnyhound Events Lld IReglJt•r•d Conwffjl numkr: 038208891 Tho tradlng sthidl4ry, Greyhow￿ Events Ltd IRe9 number.. 03025899), whlch Is incorpwaleLI In ENJFand and W*es. dLN)at• all of its profits to thg charity Iho glft ald sthfjme. (>s)bound Events Ltd op8rato9 Ihe commat¢ial trathng Operat1x￿ carried ￿ Wthg Groylwnd Trust. Th• following Is an ex1rattoft￿ finandal 3tatem8nt• of Greyhjund Event8 Ltd ￿rthe year ended 31 DKèmber2024'. Tumou8r Co•1 of8ale• and admlnL8tratlve èxpme8 Profit beforetax Corp0Ali￿ I&¥ Profft after tax Proffts ¢hlrlbutgd lo the charlty R•l•inetl in wbsithary 104,085 113397 170.320 199.744 19,312) (29.424) (9,312) (29,4241 9.424 The 8898ts and ofthe subAh*aryweTrY. FTffjd •ssets Currenta880ts eLwr•nifsa￿Ie5 Credttus faltsng duo after more Ihaffl ythr Called up share ¢oplal Nelas*el8 Agwogete 6har• ￿pItal and re8er¥e8 68,328 48.041 170,0 0.0001 62,481 2,47 43,169 43.167 Page17 GREYHOUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 DONATIONS AND LEGACIES Total Funds 2024 Total Funds 2023 Unrestrlcted Restrlcted Funds Funds Donations Legacies 1,064,294 2,078,377 1,064,294 2,078,377 1,041,356 2,573.281 3,142,672 3.142,672 3,614,627 OTHER TRADING ACTIVITIES Total Funds 2024 Total Funds 2023 Unrestrlcted Restrlcted Funds Funds Shop, trading and branch income Greyhound Events {See rKlte 31 273.374 95,565 368,939 273.374 95.565 368,939 365,955 170,320 536.275 RAISING FUNDS Ralslng donations and lega¢les Total Funds 2024 Total Funds 2023 Unrestricted Restrlcted Funds Funds Fundraising costs Support costs IS8e note 9 81,384 67,917 81,384 67.917 73,239 44,604 149.301 149,301 117,843 7. OTHER TRADING ACTIVITIES Total Funds 2024 Total Funds 20YJ Unrestricted Restrlctod Funds Funds Bad debts Greyhound Events (See note 31 110.912 110,912 197,099 110,912 110,912 197,099 Page 18 GREYHOUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 8. CHARITABLE ACTIVITIES COSTS Support Costs (see note 9) Dlrect Cost$ Tthals Kennelling Acliviti8S Velerinary lees Branch costs Educalion and awareness Home lincling expenses 741.734 114,107 233,066 32,895 10,505 1,132,907 618,995 95.225 194,499 27,451 8,767 944,937 1,360,729 209,332 427,565 60,346 19,272 2,077,245 SUPPORT COSTS Govornanco Costs 2024 Total 2023 Total Management Flnhnce Charitable activities Kennel charges Veterinary f9es Branch expendilure Education and awareness Home finding expenses 583,978 89,838 183.496 25.898 8,271 891,481 10,807 1,663 3,396 479 153 16.498 24,210 3,724 7,607 1.074 343 36,958 618,995 95,225 194,499 27,451 8,767 944,937 459,352 93.883 248,649 18,211 4,101 824,196 Raising lunds 64,075 1.186 2,656 67,917 44,604 Total suk¥Jort costs 955,556 17,684 39,614 1,012.854 868,800 Support costs are aFportioned to the calegorised charitable actiwty according to level of primary expenditure. Support costs, included in the above, are as follows- Management Ralsing funds Charitabl8 actlvitleg 2024 Total 2023 Totsl Staff costs Ollite costs Prernis&s costs Depreciation 43,530 9,931 4.248 6,166 63.874 605,632 138.167 59,106 85,785 888,690 649.162 148,098 63,355 91,950 952,565 528,526 128,003 88,052 88,090 832,671 Flnance Ralsing lunds Charilable activttles 2024 Total 2023 Total Bank Charges Loan Interest Paid 1.186 16,498 17,684 16,207 6,833 23,040 1,186 16,498 17,684 Page19 GREYHCXIND TR118T NOTe8 TO THE FINANCIAL 8TATEthIENTS FOR THE YEPR ENDED 31 DECEMBER 2K4 Gov•manM ¢01 R•I￿n9 ChwlAbl• fund• a¢¢l¥ltto• rotal T¢tsl Leaal Fee$ Aud* F¢¢ C¢)nsLll*w Fgej Prof6sskn41 885 12,321 8,157 132C 8.743 15.921 38,958 17,065 39.614 13.089 la NET IMCOWIEXPENDrruR Nel InwM•l{•xp￿￿rnl IB ¥tat8d after char9lnWlv¢thbw): remuneralfon Deprec￿1￿￿ ￿0￿ed ass•t¥ AudItsy￿ fenmwrthm. n¢Jn a￿lit 30Th1¢ B.743 91.952 1,430 11. STAFF COSTS Oroup Group Chrlty Ch#rfty 21>24 2023 Ww8 and s*Et Soclal Be¢urfty costs Empky¥s penslon cojts SM367 48,098 18,7 478.17 35.681 14.868 584,357 478,178 48,098 35.881 18.708 14.888 049.181 528.527 649.161 528.527 T￿ av•ragB ￿mblI tsf•tsff dunno the 88lolowL' 2024 2023 Totsl F￿th￿e Part￿me 21 18 rnJmb•r ofwnpbyees *fv)ue annual emcknment8 w•r• Éfy).O￿ or more vnr•.' 2D24 Total £I00.000 to £109,9B9 £110.000 to £119,999 Thg key mgngg•ment prionnd of Ihe C￿rity cor￿￿¥e9 Ihe Ch￿( Execulw Offw. 18 reBpoll8lblo fur day-tO*day th111￿ of the charlty. TOWI r¢mun¢r4tion and ben8fft# of thè key manapmenl pol8￿￿01 In th•y•ndod 31 D•comber2024 was £122.080 IW23'. £111022). 20 OREYHOUND TRUST NOTES TO THE FINAIICIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21x24 12. TrUSTEE REMUNERATION AND BENEFITS No Irust•g5' reC•￿d r•muner¥Uoft or other b￿er118 thjrlng the ￿ar •nd•d 31 DeCgrn￿r 2024.12023.. nong). TnAtee* ?xperF• Dwlng the year on• tsustèÈ 12023: n(1￿) was rehtsurntrj lor out of pocket totallBIg £297 {2023'. £nll). 11 COMPARATIVES FOR THE STATEMENT OF FINAIICIAL A¢TtvmE8 T•t•l Unrn•trtGted R•¥trlcl•d Funds Fund iNC(MIE FROM Donalloni and leq•de? Other Iradlng Befv￿88 Olher Incorne 3,eog,032 636,275 317,087 5,805 3.614,637 536,275 317,087 T¢)tal 5.805 4A67 B99 EXPENDTfuRE ON RalBlnDfvr#ts Cxher trothi 117.843 197,099 117,843 1P7,099 Ch•rItal￿O actlvm Kennelt419 A￿v￿•& V•l•rJMry fe88 Brnnch co Educa￿On and aw8M• HOMB Ilnthig 8xpense5 . 1213,805 248,039 1.213,805 248,039 656.929 48,114 1Q.134 48,114 10.831 Total P4et gth¥ on Inve￿nB￿￿ NET INCtIMEIEXPENDITUREI 1,98H.931 1,976.536 NeT MOVEMENf IN FUNDS 1,994.931 119,%15) 1.975,536 RE¢ONCLtATION OF FUNDS Told brou￿1(￿%¥#[ 6.45S,862 126,750 6,682@12 TOTAL FUNDS CARRIED FORWARD 107J55 Page21 QREYHOUIIDTMiMT 140TES TOTHE FINANcfALSTATEMENTS FOR TrIE YEAR ENDED JI DECVIBÉR 24*4 1& TA14WLEFIXBIAS¥iT8.&A¢)UP Fn•hold Plxithuffjd Coryytyr Prowty K•nM•l A•••l• V•hkl•• At 1 J8RU•y 2024 Add*0 4,12&634 7.170 132,663 63230 87A02 4AJ.087 31 uecaAIO•rJ)24 1*.653 87 4.491927 DIPREC114Th)11 At 1 J8Bw 2024 Clw#Bhrth•y8Br 117.781 n￿75 132A13 87J38 1 J17 45,331 7.245 52.719 11 J15 •t,g62 At31 D•oembw2024 f89 a56 608.574 118T BOOKVALUE Ai31 Dpranbw 2024 88 10459 4 1111 B53 17.704 TAIIIJBLElbXED AS8ET8.CIIARrrY FM•th•lrf Flxtuwg• COMp￿*t Prop•rty Fhllngb Eq*m*rt K•nn•l At 1 a￿2924 4.129.634 7,170 1)0￿21 71053 1,8 .235 87.6IÈ 4A85.735 At31 2D24 DEPRECKIIOX Al l J&w2024 Clw8forthDy 117.781 72.078 130,121 87.93 1.317 45.&31 7.?45 62.719 11,J15 414AO0 131 D8c•mber 2024 8•.2Jb NET BOOKVALiE A131 OvAmbw2023 4011,853 14 FIXEDA•8ET INVESTIAeiiT8 lknup 2sh•ro0 of£1 Owho4nd EV￿1•L￿ IRW wthr. 03828899) w Is kvyJFpDraied kn &*nd 8n¢J Th￿•￿01￿00￿$tlh1l0s *Mèd. taf*J pth. Pap22 GREYHOUND TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EPfA) 31 DECUI8ER 2024 1& 8TOCK8 ¢3roup 2024 Group Charty 2024 Ch4rfty 2028 Flnlshgd goods 13,J59 18,SM 17. CÉBTORS Group 2023 Ch•thy ch Trath deblors Olher debtors Amounts ty 8th11llary VAT Prepaynmts and acc¥ued Incom• 30.031 12,854 17.047 3.850 89029 13,375 895,980 817,931 88,Sg8 48.312 14.$40 718,710 51246 11. CURRENT ASSETS INVEsfMENTS Ornup Charlty 2024 Charfty Share¥ In lthd kw•gtm8nt• 545 $46 11 CREIXTORS: AMIJJNT8 FALUNG DUEwmiiN OME YEIJI Group 2014 Grw Cmrlty 2023 2024 2023 140271 I21￿0 117,552 iW2ts50 OlhoilaxatlDn and soclol Otheruedttors 16,922 19,￿3 13.548 157,193 118.096 P4p23 GREYIIOUND TRUST NOTES TO THE FINANCIAL STATENENT8 FOR7HE YEAR ENDED 31 De¢EM8ER 2024 20. MOVEAIEIIF W FWDS (Lau•8y Tr4nyl•Y• 8th1•n￿ •t QalnB on b•tw"e•n 31 D•wnb•r funth 2024 Balanc•at 1 Unrestrkt¢d fund8 8284.019 3,S97.376 Brnnch Fund 186,774 243,869 12.104J911 (233.1)66> 757.006 197&78 8.460,793 3.841.248 337,4571 9,951J84 Restrld•J *Jnd$ 107.355 107. TOTAL FUND8 8.558,148 3N1.248 fl337.457) 10,061,939 comparnt1¥￿ lor movemThtln fund* Galn•l TMnsfer• B•lan¢• ot ILo•wl M b•lwo¢n 31 PKomb kncom• Expwdltur• Inw•tm•nts lund8 B#l•n¢• al 1 nu•ry 2023 Llnreslrfcted kntds 6,195.S38 Branch Fund 280,324 4.127.885 334,730 12JA4.184) 1408280) 25,LNXJ 8.284.019 188,774 8,455062 4,482.395 (2.492,484) 2fj.000 8,450,793 Re8ts1L*ed funth 126,750 (25.000) 107.855 TOTAL FUND3 6,582.812 4,468,000 (2,492.484) 8,558.148 Naluv• offund Nim• offtmd Unrestrkto1l G•nernl fuTrJ 1)8serfpUorn Ind pws08• The'unri$trlct•d rese￿1, frjrall d•ilgnal•d Urnstrtrthl B￿ch fur The knre8trkted reserves, lor tho Gr$y￿￿1 Trnst branchoj o¢rts88 Ihtr UK The fvnd that 18 reStrtciedfar￿rt8lTh purpoM• a$ #et by the donor. R#trlrknl R¥¥lrictod fv Page 24 GREYNOUND TRUST IIOTE8 TO THE FINANCL4L STATEMep FOR ThE YEAR ENDED 31 DECEhlBER *124 21. *J4ALY818 OF NET BETWEEN FUNDS Unrn•trfcl•d Rrtrf¢t•d lund# fvnd¥ Totsl lundg Fbxed assots GuFf4nl assets 3,986.353 6,125,424 1157,193) 9.954,563 3,98&353 6,231779 (157,193) 107WS 10.061,938 107,355 21 RECONCILIATION OF IEf INCOMEI{EXPENomiRE) TO NET C￿￿ FLOW FROIII OPERATING ACTivmES Oroup Ch•vKy 20 ChArfty Nel M0￿Ment kn Lossllplnl on I￿￿$1M8n1¥ of fflx8d 8ssg1 OepTedalon charo•8 Intam¥l pald 1,601791 1,97S,538 1,513,188 2.002.318 16.0001 91,952 18,000} 91,952 159,6481 4.985 (289.ee8) 16270 1261,882 Ilma8eydecrea8e kn sloekn IIA¢rgawydecr8as• kn dpbtors (Oma￿v￿craa￿ In cr<torB (11.7421 (TJ9,8481 (11.7421 14.e43 PO.4421 2 057377 {270,564) 12.245 1.281.151 31.504 130.483) 2,086,517 21 htr4ALYSIS OF CHANGES IN NET FUNDS Bal*n¢• at 31 D•c•mts•r 2024 B•l•nc• ¥t 1 Jaw 21124 C*8hllow Not¢a•h •1 bank 4133 174 1318.816 Uquld mource• Current asset 545 Tol 4.133.719 1.318271 51.è90 Pw25 GREYHOUND TRUST NOTES TO THE FINANC￿ STATEMRNTS FOR THE YEAR EIIDED 31 DECEMBER 2024 24. OPERATING LEASE COMMITAvaiirs At 31 I)ecem￿r 2024 th¢ total f(rture nth)Imum kna•e p•¥n￿nts under non - rArKeRabb opw•Un9 teases ¥M8 a¥fvkns: Charfty 2024 ¢harlty 2024 Amounts payabl•: Wrfhin one y•ar BefvRen on• 8Th1 fiv• y•ws 10,002 10,002 11795 10.oLr2 3.793 10.002 13,795 13.795 13,795 2& RELATED PARTY TRANSACTIONS The COTfoany lak¢n adv•*o08 of oxemplknK und¢rth• t•mM ofFhandal R•pNkng Sfandard 102 hè Fin8AK4al Rep(thg Skn¢Jard appllrable In the UK and Republ￿01 ITeland', nol fc*thscts• T•laled ptytr•uaction$ vihth BubsklL8rfts wlhln the grirtw. 27. EAIPLOYEE BENEFIT QBLIGATIOIIS Thè ch#ty opeTalfr8 a d•lth8d ¢t)ntrib￿¢Th scl*me whl¢h Is ydrinthred IndopeThJenty. The o)$1$ to the ¢harAy for Ihw year was £18.706 £14,068). There was £2,602 duo lo th• p8n4lon sch￿• •thiinlstr8lor at Ihe year end12023: £2,484). The aypp¢t•d ¢ost dug to th• ¢harlty In the trjmlng yaar trxpected to be In Ilne wilh th•t d2024. 2& CAPITAL COIAfflTMENTS thè end ol the year. tho TnKt hwj Comm￿ed lo purcltasing a wop8ty. Thè a(hlrass ts (>eyhound TNst Suffolk, Dillymore Cotlagg, Laldngford Briduè. Chapel St Mwy, Ip$vA¢h. IP9 2JZ and thL% w mwsted on 14th FebruBry 2025 for £730.(W. Thls h•$ beon pu￿h8￿( as11 was wa¥h)￿rY ¥ braTh* and Ihe Opport￿lty 8rose to ggln ¢Jwn•rsh Paga 26