THE GRUNDY EDUCATIONAL TRUST
Trusto•s' Report and Flnanclal Statements
Yèar ènded: 30 September 2022
Charlty no: 1002803

THE GRUNDY EDUCATIONAL TRUST
Year ended: 30 Se
mber 2022
Contents
Page
Legal and administr4tlv• Informatlon
Report of th¢ Trwt•
Rep(Mt ot the Indyndont Examln•r
stst•ment of Fln•nclal Actl¥lU
8•1*￿0 Sh••t
Notes fornilng Part of th• ftnanclal stat•mon¢•

THE GRUNDY EDUCATIONAL TRUST
Page I
al and administrntive inforniallon
Status
eharlty. No. 1(KJ2403.
The trust wgs fomied under a Deed of settle￿ T￿l¢h establlshed the oble¢ts
and powers of the Tru5tee3 •nd Is governed unthr thtr tem1$ of tho Setuement Do
vailed from tlme to tlme by dged In accordance wlth Clau￿ 14 of th• S•ttl1￿ D•0
Thfr power ol •ppolnllng new tnwto•J l• wst•d In the Settlorn.
Trustees
Mr M S Hayden
A H Hardy
Mr¥ S C•rt•r
Mr 8 Buckl•
Mrs T ￿l[l￿mI
Mr P Annlng
1$0¢rntsry)
Reglstered Offlc
Jefford Cott*g•
3 ParkBlde L•n•
Ropley
Hamp8hirn
S024 OBB
Indowndent Examlner
Mr R 8 P*nt•r
Glenmolr*
Gascolgne Lan•
Ropl•y
Namp•hlr•
S024 08T
Bankers
Lloyds Bank plc
PO Box 1000
Hlgh Str••t
Wlnche¥t•r
BX1 1LT

THE GRUNDY EDUCATIONAL TRUST
Page 2
Report of the Trustees for
ear ended 30 Se
tember 2022
The Trustoes present thelr report and th• unaudlted financial statements for th8 y8ar
ended 30 S8Ptèmbèr 2022.
Activities
The objects for which the Charoty Is establlshed are to advance edueatlon In
particular by providing or as515ting in the provision of graduate and po¥t graduats
grants and l or loans on such terrns as the Trustees shall decide to students for
research and higher leaming at institulion¥ in the United ￿"ngdoM and elsewhere.
Results
Income from Investments. donatlons and Interest for thè yoor #mount•d to £27,527
12021= t 25.5991 and expendlture amounted to £ 26,67512021- £ 24,8931 Includlng award8
paid ol £ 26.30012021: £ 24,3001.
An accounlaney fee of £ 52512021.. £ 0251 hos beèn accrued.
The surplus of £ 85212021.. £ 7061 ha8 Increased thè Unr•strleted Income Funds balan¢•
to £ 11,50112021 £ 10.6491. At the end of the year there was a Mt depreclatlon of £ 73,041 12021- not
appreclatlon of £ 83.0791 In thè value ot the Tr￿t'S Investments.
The finanelal statements on pageJ 4 to 6 glv8 detalls of the re8ource8 arfslng In
the year and thelr dlsposltlon.
Responsibilities of the Trustees
Law appllcable to charltle¥ In England and Wales rnqulres thg Trustees to prnpar•
flnanclal statements lor each flnanclal year whlch glve a true and falr view of th8
charlty's flnartclal actlvltles durlng th• year and of Its flnanclal posltlon at the ènd ol
thg yg•r. In prepa￿ng those flnanclal $tat•m•nts. the Trustees are requlred to=
- Select sultsblo •¢coUn￿n9 pollcl•¥ and th•n apply them con8Sst•ntly:
- make judgements and èstlmates that are Trasonable •nd prud•nl: and
- $tate whother appllcable ac¢ounilng standards and statements of recommended
practlc• have been followed 8ubjg¢t to any departures dlsclosed and gxplalnèd
In thè flnanclal statements,. and
- prepare th• flnanclal 8talemonts on a golng ¢on¢em basls unless 11 Is
Inapproprlate to pmumè that the trust wlll contlnue on that bas18.
The Trustèes are responslble for kegplng propgr accountSng records whlch dl$¢los•
with reasonable accuracy at any tlrne the finanelal poslUon of the charlty and to enabl•
them to ensure that the flnancial statements eomply wlth tho Charltles Act 1993.
They are also responslble for safeguar(Ilng the 36s•ts ot tho charfty and hence for
tsklng reasonablg ¥tsps for the preventlon and dets¢tlon of Iraud and other
rregularltles.
Approvad by the Trustees and Blgned on thèlr bohalf by:
Chairman
Date-
I >2S

Independent Examiner's Report to the Trustees of
The Grundy Educational Trust
report on the accounts of the charity for the year ended 30 September 2022 which atr set out on
pages 2 to 6.
Respective responsibilities of In￿ and examiner
The charity's trust¢es are responsible for the preparntion ofthe accounts in accordance with the ternis
of the Charities and Trustee Inveslmenl (Scotland) Aet 2005 and the Charities Accounts (Scotland)
Regulations 2006 (as amended). The charity trustees Consider that the Audit requirement of Regulation
l O(] ) (d) ot the 2006 AeeouDts Regulations does not apply. It is my resp)nsibility to examine th¢
accounts as required under section 44(1) (c) of the Act and to Sts￿ whether particular Matte￿ have
come to my attention.
Basls oflndependent examln¢r'y $tsttment
My exAmination is carried out in accordancc with R¢gulation I l of the 2006 Accounts Regulations.
An examination in¢lLides a review of the accounting records kept by the charity and a comparison of
the accounts presented wilh ihos¢ records. It also includes Consideration of any unusual items or
disclosures in the accounts and seeks explanalions from the trustees concerning any such mallers. The
pr￿dureS undertaken do not provide all the evidencc that would be required in an audiL and
consequently I do not exp￿ an audit opinion on the view given by the accounts.
IDdep¢nd¢nl t￿MIller's Jtstement
In the course of my examination. no matter has come to my atiention [other than dixlosed below ]
which gives me reasonabl¢ causc to bclieve thai in any material respect the requirements..
lo keep accounling records in accordance with Section 44(1} (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulalions
io p￿pAre Accounts which accord with the accounting records and comply with Re8u18tion 9
of the 2006 Accounts R¢gulations
hav¢ not be￿ me¢ or
lo which. in my opinion. attention should be drnwn in order to enable 8 proper understandinB
accounts to be reached.
Name:
Relevant Profe$sional q￿]ifICatiOn/prOfesS1olla1 kndy..
GIc&￿01r
4ascoig"-
Addre￿..
Date:
* Please delete the word
in brac
ets if they do not apply. If the words do apply set out those matters
which have com¢ to your attention.

THE GRUNDY EDUCATIONAL TRUST
Page 4
(Registered Charity No. 1002803
Statement of Financial Activities
for the year ended 30 September 2022
2021
2022
Unrestricted InGome Funds
Incorne
Dividend$
Donatlons & repayments - gx students
Interest
Awards - repayable
24,266
1.331
26.800
709
18
26,699
27,627
Expenditure
Awards
Other expens¢$
Accountsney
24,300
68
626
25.300
850
625
24.893
26,675
706
Surplus for the year
852
Balance brought forward
10,649
10,649
Balance carried forward
11,501
Capital Funds
636,917
Balance brought forward
619.996
83,079
l•ss.-
Investment Idepreclatlonllappreclatlon
173,041}
619.996
Balance carried fO￿ard
646,955

THE GRUNDY EDUCATIONAL TRUST
Page 5
(Registered Charity No. 1002803
Balance Sheet as at 30 September 2022
2021
2022
603.640
Investh)ents lat selllng Yaluo)
530.499
4.000
COIF Charltles Dep051t Fund
4000
Debtor5 . Awanls rnpayablg
Provlslon agalnst awalds repayabl•
Awards pald In ad¥anc•
800
Intsrest recelvablg
23.629
Bank account
23,681
631.170
558.981
(6251
Less: Accrued ewmllture
(5251
630.646
658.456
619,996
C•pltsl funds
646.956
10.649
Unrgstrlct&d Incom fvnd8
11.501
630.646
658.456

THE GRUNDY EDUCATIONAL TRUST
Page 6
Notes forming part of the financial statements for the year ended 30 SeptembeT 2022
1. Accounting policies
The flnanclal statements have been prepared under the historical cost
convention and in accordance with the Financial Reporting Standard for
Smaller Entities leffective June 20021 and follow the recommendations In
Accounting and Reportlng by Charltles: Statement of Recommendad Practlco
Issued in October 2000.
Ibl
Income Is obtalned through Investments whlch aro Includod at sglllng valuo at
the close of business on the balance sheet date.
All Income and expendlture Is accountod for on an accruals basis, except that
awards during the accountlng perlod for payment In the succeedlng academlc
year are accounted for when they become payable.
Idl
Unrestrlcted funds are the surplus ol Investments less all expendrtures incurred
to meet the objects of the charlty. These funds are wlthout further speclfled
purpose and they arg avallablg as g8neral funds.
2. Taxation
The charltable trust Is ex¢mpt from corporauon tsx on Its charltablg 8¢tlvltles.
3. Investments
As at 1 Octobèr 2021- (at selling values)
130,000 COIF Charltles Flxèd Intèrest Fund Incomè Sharns
28.000 M&G Charlfund - Income Units
173,043
430,497
603,540
decrease in the value of the invèstments
COIF Charltles Flxed Interest Fund - Income Sharns
Depreciatlon
126.8761
M&G Charlfund - Income Unlts
Depreclatlon
146,3651
173,0411
As at 30 September 2022 - (at selling values)
130.000 COIF Charities Fixed Interest Fund - Income Shares
28.000 M&G Charifund - Income Unlts
146.367
384,132
630,499
4. Accrued expendituro
2022
2021
Accountsncy fee
1525)
{5251