Greyhound Awareness League Charity No. SC031037 Trustees, Report and Unaudited Accounts 30 September 2024
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Statement of Cash flows | 7 |
| Notes to the Accounts | 8 to 14 |
| Detailed Statement of Financial Activities | 15 to 16 |
Page 1
The trustees present their report with the unaudited financial statements of the charity for the period ended 30 September 2024.
The following Trustees served during the year:
C Allan & Son Accountancy Services Limited Studio 104, Embroidery Mill Abbey Mill Business Centre Paisley Scotland PA1 1TJ
The Charity's primary aims are:
To relieve the suffering of greyhounds, lurchers and abandoned or retired racing dogs who are in need of care; To provide, maintain or assist in the provision and maintenance of kennels or other facilities for these dogs; and to aid in the rescue and re-homing of these dogs.
The Greyhound Awareness League is a non-profit making organisation run entirely by volunteers. They organise and attend various events throughout the year all over Scotland,to raise funds by selling merchandise and organising dog shows, sponsored walks, holding awareness days, Easter and Summer Galas, a Christmas Fayre and Christmas Can Collection.
GAL has dogs surrendered to us from owners of racing greyhounds, trainers of retired racing greyhounds and a number of unwanted pets. GAL were able to neuter/spay as well as vaccinate and chip all dogs prior to homing. This added to the wellbeing of GAL dogs. 46 dogs were adopted and rehomed in the period.
Page 2
The surplus for the period is £41,641 (2023 - surplus of £24,210). This is an improvement on the previous period due to two generous legacy donations; offset by a significant increase in operational expenditure. The management committee are satisfied with the financial position and will continue to monitor expenditure with a view to ensuring the charity's finances are concluded in a prudent and effective manner. The charity does not wish to accumulate substantial unrestricted funds but aims to cover expenditure by income raised from charitable donations and services.
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The organisation was founded in Glasgow in 1998 and was recognised as a Scottish Charity in March 2001.
Committee members receive training in committee and project management and committee meetings are chaired by the Convenor. All new committee members are briefed on the Charity's objectives, strategic plans, finances and key activities. Committee members are encouraged to continue their development in all areas to assist them in exercising their role in the committee.
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).
The trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Greyhound Awareness League Independent Examlners Report Independent Examlner's Report to the trustees of Greyhound Awareness League I report on ihe financial siatemenis of Greyhound Awareness League for the period ended 30 September 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes. Respertive responsibilities of trnstees and examiner The charity's trustees are responsible for the preparation of the financial starernents in accordance wilh the terms of rhe Charities and Trustee Inve5trnent (Scotlandl Act 21x15 and the Charthes Accounts (Scotlandl Regulation 2(X)6 las arnendedl. The charty trustees consider that an audit requiretnent of Regulation 10(Illal tD Icl of the 2(X)6 Account5 Regulation5 doe5 not apply. It 15 my responsibility to examine ihe financial $181ements as required under section 44111 Icl of the Acr and io slate whether particular matters have corne to rny atterbtion. Basis of independent examiner's report My examination is carried out in accordance with Re8ulation 11 olthe 21M)6Accounts Re8ulatior15. An exarnination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeks explanations from thetrustees concerning any such matters. The procedure5 uridertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the wew given by the financial statements. Independent examinees statement In connection with rny examination, no matter has come to my attention other than that disclosed below. 111 which 8ive5 me reasonable cause to believe that in any rnaterial respect the requirernents.. • to keep accounting record5 in accordance with Section 4411> lal of the 2005 Act and Regulation 4 of the 2(X)6 Accounts Regulations • to prepare financial staternent5 which accord with the accountin8 records and cornply with Re8ulation 801 the Accounts Regulations have not been tnet.. or 121 to which, in myopiTrion, alleniion should be drawn in order to enable a proper understanding of the account5 to be reached. The rnatter that has come to tnyattentlon IS that, in the course of my exarnination of the accountins record5 of the charity, it wa5 noted that there was a distinct lack of papeNfork available for a si8nilicant number of transactions. The accounts were prepared from bankiTh8 record5 alon %vith the information that was made available to me. l Allan & Son Accolifhtancy Services Limited Studio 104, Embroidery Mill Abbey Mill Business Centre Paisley Scotland PAI ITJ 27June 2025 Pa8e 4
Greyhound Awareness League Statement of Financial Artivities for the period ended 30 September 2024 Unrestricte dfunds Restricted funds Totsl funds Total funds 2024 2024 2024 2023 Notes Income and endowments from: Donations and legacies Other trading activities Investment5 86,506 5,190 1,254 86,506 5,190 1,254 57,406 4,929 146 Total 92,950 92,950 62,481 Expenditure on: Raising funds Charitable activities 6,476 36,737 8,096 6,476 36,737 8,096 4,162 31,044 3,065 Other Total 51,309 51,309 38,271 Net gains on investments Net income 41,641 41,641 24,210 Transfers between funds Net income before other gainsl{lossesl 41,641 41,641 24,210 Other gains and losses Net movement in funds 41,641 41,641 24,210 Reconciliation of funds: Total funds brought forward 32,956 76,126 109,082 84,872 Total funds carried fonvard 74,597 76,126 150,723 109,082 PaEe S
| Tangible assets 10 Stocks 11 Cash at bank and in hand Amount falling due within one year 12 13 Restricted income funds General funds |
- 8,755 142,742 151,497 (774) 150,723 150,723 150,723 150,723 76,126 76,126 |
- 2,722 107,435 |
|---|---|---|
| 110,157 (1,075) |
||
| 109,082 109,082 |
||
| 109,082 | ||
| 109,082 | ||
| 76,126 | ||
| 76,126 | ||
| 74,597 74,597 150,723 |
32,956 | |
| 32,956 | ||
| 109,082 |
Approved by the trustees on 27 June 2025
Page 6
Greyhound Awareness League Statement of Cash flows for the period ended 30 September 2024 2024 2023 Cash flows from operating activities Net income per Statement of Flnancial Actlvitles 41,641 24,210 Adjustments for: Dividends, interest and rents from investments Ilncrea5ellDecrease in stocks Decrease in trade and other payables 11,2541 16,0331 13011 11461 500 13,7811 Net cash provided by operating activities 34,053 20,783 Cash flows from investing activities Dividends, interest and rents from investments 1,254 146 Net cash from investing activities 1,254 146 Net cash from financing activities Net increase in cash and cash equivalents 35,307 20,929 Cash and cash equivalents at the beginning of the period 107,435 86,506 Cash and cash equivalents at the end of the period 142,742 107,435 Components of cash and cash equivalents Cash and bank balances 142,742 107,435 142,742 107,435 PaEe 7
Greyhound Awareness League Notes to the Accounts for the period ended 30 September 2024 l Accounting policies Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice-. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 july 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2006 las amended). Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of a£countinEI since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted fund5 which include a revaluation reserve representing the restatement of investment assets at their market values. Designated funds Revaluation funds Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to receive. the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. The value of any volunteer help received is not included in the accounts. Volunteer help Investment income This is included in the accounts when receivable. Gains/llossesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. PaEe 8
Greyhound Awareness League Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management Costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration cost5. Grants payable Governance costs Other expenditure These are support costs not allocated to a particular activity. Taxation The charity is exempt from tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and tash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. PaEe 9
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
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2
----- Start of picture text -----
-
Donations and legacies 57,406 57,406
-
Other trading activities 4,929 4,929
Investments 146 - 146
-
62,481 62,481
-
Raising funds 4,162 4,162
Charitable activities 31,044 - 31,044
Other 3,065 - 3,065
-
38,271 38,271
-
24,210 24,210
-
24,210 24,210
-
24,210 24,210
Total funds brought forward 8,746 76,126 84,872
32,956 76,126 109,082
3
Donations (including
38,076 38,076 44,364
adoption and surrender)
Legacies 48,430 48,430 13,042
86,506 86,506 57,406
4
GAL shop sales 5,190 5,190 4,929
5,190 5,190 4,929
----- End of picture text -----
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5
----- Start of picture text -----
Bank interest 1,254 1,254 146
1,254 1,254 146
6
Fundraising trading costs
GAL shop sales 6,476 6,476 4,162
6,476 6,476 4,162
7
Expenditure on charitable
activities
Charitable activities 36,117 36,117 31,044
Governance costs
AGM costs 620 620 -
36,737 36,737 31,044
8
Motor and travel costs 260 260 -
-
Premises costs 2,450 2,450
General administrative costs 2,288 2,288 1,990
Legal and professional costs 3,098 3,098 1,075
8,096 8,096 3,065
9
No employee received emoluments in excess of £60,000.
10
----- End of picture text -----
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11
----- Start of picture text -----
Finished goods 8,755 2,722
8,755 2,722
GAL shop sales 8,755 2,722
8,755 2,722
12
amounts falling due within one year
Accruals 774 1,075
774 1,075
13
- - -
76,126 76,126
Total 76,126 - - - 76,126
-
32,956 92,950 (51,309) 74,597
109,082 92,950 (51,309) - 150,723
14
Net current assets 74,597 76,126 150,723
74,597 76,126 150,723
----- End of picture text -----
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15
| Cash and cash equivalents Net debt |
107,435 | 35,307 | 142,742 |
|---|---|---|---|
| 107,435 107,435 |
35,307 35,307 |
142,742 | |
| 142,742 |
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| Donations and legacies Donations (including adoption and surrender) Legacies Other trading activities GAL shop sales Investments Bank interest Costs of other trading activities GAL shop sales Charitable activities Charitable activities Governance costs AGM costs Motor and travel costs Travel and subsistence Premises costs Rent General administrative costs, including depreciation and amortisation Bank charges General insurances Sundry expenses |
38,076 48,430 86,506 5,190 5,190 1,254 1,254 92,950 6,476 6,476 6,476 36,117 36,117 620 620 36,737 260 260 2,450 2,450 97 1,703 382 |
- - - - - - - - - - - - - - - - - - - - - - - |
38,076 48,430 86,506 5,190 5,190 1,254 1,254 92,950 6,476 6,476 6,476 36,117 36,117 620 620 36,737 260 260 2,450 2,450 97 1,703 382 |
44,364 13,042 |
|---|---|---|---|---|
| 57,406 | ||||
| 4,929 | ||||
| 4,929 | ||||
| 146 | ||||
| 146 | ||||
| 62,481 4,162 |
||||
| 4,162 | ||||
| 4,162 31,044 |
||||
| 31,044 | ||||
| - | ||||
| - | ||||
| 31,044 - |
||||
| - | ||||
| - | ||||
| - | ||||
| 99 1,677 - |
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| Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Other legal and professional costs Net gains on investments Other Gains Total funds brought forward |
106 2,288 1,100 1,200 798 3,098 8,096 51,309 - 41,641 41,641 - 41,641 32,956 74,597 |
- - - - - - - - - - - - - 76,126 76,126 |
106 2,288 1,100 1,200 798 3,098 8,096 51,309 - 41,641 41,641 - 41,641 109,082 150,723 |
214 |
|---|---|---|---|---|
| 1,990 | ||||
| 1,075 - - |
||||
| 1,075 | ||||
| 3,065 | ||||
| 38,271 - |
||||
| 24,210 | ||||
| 24,210 - |
||||
| 24,210 | ||||
| 84,872 | ||||
| 109,082 |
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