THE GRUNDY EDUCATIONAL TRUST Tru8t••s' Report and Flnonclal Stataments Ymr ended: 30 S•ptomb•r 2023 Charlty no: 1qK12803
THE GRUNDY EDUCATIONAL TRUST Year ended: 30 Contents Page L•gal and admlnl•l¥alfvg InfomMtl¢)n R•port of th• TnMt••s B•l¥n Sh••t
THE GRUNDY EDUCATIONAL TRUST Page 1 al and admlnlstratre information Status The trust w•$ forn1 under a Deed of StU•m•nl whlch establlshed Oblts and powern olth• Tru8tW8 and b8 governod tsndw the t•nns of the SetUeThwnt D•od, as varled from tlm? to tlm• ty do•d In accord•rt• TAllh claus• 14 of th• S•M#t D•od. Trustees Mr M S H•yd•n MrnAHH#rty S Cartw Mr B 81• T Wllllam• Mr P Annlng {Chalrnwnl {S•¢r•t•ry) Reglstsrod Offic• J•fford Cottag• Ropl•y H•mp•hlr• 8024 OBB Ind•p•ndont Examln•r Mr R S P•nt•r Gl•nmolrn G••eolgn• Lan• Ropl•y H•mp•hlr• S024 OBT Bankevs Lloyd• Bank pl¢ PO Box 1000 Hlgh Sirget BX1 1LT
THE GRUNDY EDUCATIONAL TRUST Page 2 Rè ort of the Trustees for r ended 30 ond•d 30 September 2023. Acllvitlos Tho obh¢ts for whlch th? Charfty l• ¢iab1lsl to advanc• education In partlculaT by PrldIng oraBsl¥tlng In th• prov5slon ot graduat• and post grndu•ts grants and l or l¢)an8 on •uch tsrm¥ a th• Truste sh•ll decldè to 8iudeftts for Results IncoTh from IntMents. donatlons and Int¢re•t for th• year amount•d to £31.990 12022: É 27,5271 and expeNlitur• •mounl•d to £ 1Q279 {2022: £ 6751 Includlng awardB pald of £ 15.OIJO {2022: £ 25,31)01. An account•ncy f•• of £ $2512022: É $251 bwn a¢cru•O. Th• •urpluB of £ 1S.711 12 021. £ 8S21 Iney•ued th• Unrnt Incom• Fund• b•l•n¢• to £ 27,21212022.. £ 11.5011. At th? end ollhfr y•ar there TMa• 4 n•t •prncltlon ol É 23.9b3 12022: rnt doprn¢latlon of £ 73.0111 In th• value Lrfth• Tn•ts Inw•1. Th• IIMncl•l tatom M p9•• 4 to 6 gh• d•t•ll• of th• r••oUrl •rf•lnq In th• y•arand Ihdr dl¥po•lilo Responslbllltles of the Tru8to88 L•w appllcabl? to ch•rfllM In England and Wal•• r•qulr•• Tru•l••• to Ilnanel•l gtst•m•nt• tor weh flnanclal y••r ¥knlch 01 4 and t•lrvlw of the charfty8 flMKlal actlvltl•• durfng th• yoar •nd of lis fbnanclal po•llkn •t th• •nd al the r. In pr•p•rlng thom nnanchl stat•mwty lh• Tru•t•M ar• to: prnclko ha b••n lollowd •ubJ•¢l to ary d•p•rtsrn• dlelo••d •nd •xpl•ln•d In th• flnancll •t•tsm•nts: and . prnpar• th? fln•n¢ll stat•ments On a golng conc•m unl•s It l• Inapprowlate to prn•um• that thp trt wlll contlnu8 on thwt b•$b. Th¥ Tn•t8•• •r• rnspon•lbl• for k••plng prw ee(Awng I•dI TAhl¢h dl•elo T*lth m•onabl• accuracy at •ny thn• th• flnancl•l p111< of th• charlty •nd to •n•blfr them to ¢n8urn that th• flnan¢l•l stat•m•nt• c(¥nply Twl¢h th• Charltl•s Act 1991 Thoy ar• al•0 rn•pon8lbl• for •af•guardlng the •Mots ofth• charlty and henu for taklng r•••on•bl• •tsp• for tr• pr•wntkn •NI doleetton offr•ud and other Irr•gulaflll••. Innan J.L..s...l.. g L4
Independent Examiner's Report to the Trustees of The Grundy Educational Trust I report on the accounts of the charity for the year ended JO September 2023 wliich are s¢t out on pages 2 to 6. Respective responsibilities of trntees and enIneT The charity's trusttts are reswnsibl¢ for the preparati(Trn of the accounts in accordance iyith the ieriiis of the Charities and Trustee Investmeni (Scotland} Act ?005 8nd ihe Charities Accounts ISwtl8iid) Regulations 2006 (as amendcd). The charity trustees consider that the audit requirement of Regulation l O{l) (d) of the 2006 Accounts Regulations does not apply. li is resFM)nsibiliW to examine the a¢¢ounts as requiTed under section 44(1) (c) of the Act and to state whedier particular matter5 have come lo my attention. Basis of independent euminer'i Jktsttmeml My examination is CWTied out in accordance ivith Regulation I l of the 2006 Accounts Regulations. An examinalion includes a review of ihe accounting records kept by the charity, and a comparison of the accounts presenied wilh those reeords. It also includes consideraiion of anv unusual iieins or disclosures in the accounts and seek5 explanalions fmm ihe trusttts concerning an), such matteTS. The procedure5 undertaken do not provid¢ all ihe cvidenee that would be required in an Audi( and oiisequeiiily I do not express an audit opinion on the view given by th¢ accounts. Independent ex4mlAer'$ statement In the course of my oxaminaiion. F)0 matter h8s c4)me to my attention [6theF] which gives me reasonable cause to belie thal in any material r¢spcct the requirei)ieiits'. to keep accounting recotxls in acconlance with Section 44(1) (8) of the 2005 Act and Regulation 4 of the 2006 Accoun15 Regulations to prepare accounts which aecord with the aLrounting records and comply with Regulation 9 of the 2006 Accounts Requlaiions have not been met. or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding ot the accounls to be aChed. Name.. R.S.P&th£ Relevant Professional qualificationlprof sional IKidi': Addr.. GLC O11l 4AScL)14fr1- QPLCY kfAIL l ZOZ Sr) Z*o&T Date-. * Please delete thg words in brdckets if they do not appty. If th¢ Words do apply set out those matters which have come to your attention.
THE GRUNDY EDUCATIONAL TRUST Page 4 (Registered Charity No. 1002803) Statement of Financial Activities for the year ended 30 September 2023 2022 2023 unrestri Incom• Funds Income 26.800 27.274 4.569 147 18 Internst Aw•rds. rwJ•yab 27.627 31.990 Expendlturo Awards Other expen 25.300 15.000 764 26.676 16279 802 Surplu8 for th• year 10,711 10,649 Balance brought forward 11.801 Balanc• carrlod forward 27.212 Capltsl Funds 619,996 Balance brought fi)Thvard 646.966 (73.041) Inve8tt {d•prnclatlony•ppr•cl*tlon 23,953 546.965 Balance carried forward 670.908
THE GRUNDY EDUCATIONAL TRUST Page S (Registered Charity No. 1002803) Balance Sheet as at 30 September 2023 2022 2023 InvesMnts (al s¢lllng valwl 554N62 COIF Charftl•s Dop11 FurMI 4,600 14.600} 800 Provlslon agalnst wanl* rop•y•bl• Awards pald In advance Inter••t r•c•fvaN• 23.681 Bank aG¢ouDI 40.192 668.981 (625) L••8: Accrued oxp•ndlturn (0251 598.120 646.965 Capttal lund• 570,908 11,501 Unrnstrlct•d Incom• fund• 27,212 591120
THE GRUNDY EDUCATIONAL TRUST Page 6 Notes fomiin rt of the financi•l Stateme for the oar ended 30 September 2023 1. Accountlng policlos The flnanttal slatomènts have been prepared under th• hlstorfcal cost convontlon and In accordance with the Flnanclal Reportlng Stsndafd for Smaller Entltles lrf•ctlw June 2002) and follow th• recmdatIonS In Issu0d In October 2000. (bl Income Is obtaln•d through Investnnts whkh arn Includ•d •1 solllng v•lu• at the close of buslness on th• bal•nco $h••t dalo. 1¢) All Incom8 and oxpendltsrn l• accounted for on an accruals b•g18. OXC•Pt that awards durlng the act¢tIng prlod for paynnl In thè succe•dlng academ1¢ yoar arn accounted for Th•n th8y b•coTh pJyabl•. unrn•trIct funds arn th• Surp1 of Inv••bMnt• l••s all •xp•ndltyrns Incurr•d to meet th• objects of th• charfty. Th• fund• ar• wIthO furth•r sp1•d purpou and th•y •r• av•llabh x g•nernl nds. , 2. Taxation The charllable trwt l• •x•mptfr(xn cwpornkn tax on h ¢h•rllalA• •cdvlll••. 3. Invostments As at 1 Octob•r 2022 -1at selllng values 130.000 COIF Charttl•s Flx•d Int•r•8t Fund- Incom• 8hare• 28.000 II&G Charllund- Inc(xn• Unlts 146.367 3M132 $30.499 change In tho Val of tho Investments COIF Charfll•s Flx•d IDtorgSt Fund. Income Shar•• Apprxlatlon M&G Charlfund- Incom• Unlts Appvgtlatlon 16.666 4953 As at 30 September 2023 - (at selllng values) 130.000 COIF Charltles FIX Inlergst Fund - Sharns 18,000 M&G Charilund - Income Unlts 153.764 664A52 4. Accrued PondItUre 2023 2022 Accountancy f•• IS25)