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.
Page 10
## 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 -----**
Page 11
## 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 -----**
Page 12
## 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 -----**
Page 13
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|
Page 14
|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
-|
Page 15
|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|
Page 16