THE GRUNDY EDUCATIONAL TRUST
Trustses, Report and Flnanclal Statsments
Year ended: 30 September 2024
Charity no: 1002803

THE GRUNDY EDUCATIONAL TRUST
Year ended: 30 Se
tember 2024
Contents
Page
Legal and administratlve Infonnatlon
Report of the Trustses
Report of the Independent Examiner
Statement of Flnanclal Act￿ltIeS
Balance Sheet
Notes fornilng part of the flnanclal statements

THE GRUNDY EDUCATIONAL TRUST
Page I
Le
al and administrative infomiation
Status
The Grundy Educatlonal Trust is constituted by Deed of Trust and Is a reglstered Charity, No.
1002803.
The trust was fom)ed under a Deed of Settlement which establlshed the objects and powers of
the Trustees and is governed under the ternis of the Settlement Deed. as varled from time to
tIn￿ by deed in accordanc8 wlth clause 14 of the Settlement Deed. The power of appointing new
trustees is ￿ted In the Trustees.
Trustees
Mr M S Hayden
Mrs A H Hardy
Mr8 S Carter
Mr 8 Buckle
Mrs T Wllllamg
Mr P Annlng
{Chalrnian)
{Socr8tary)
Reglstsred Office
Jefford Cottage
3 Parksidè Lane
Ropley
Hamp3hlrn
S024 OBB
Independent Examlner
Mr R S Pantsr
Glenmoira
Gascolgne Lane
Ropley
HamwJhire
S024 OBT
Bankers
Lloyds Bank pl
PO Box 1000
High Street
Wlnchester
BX1 1LT

THE GRUNDY EDUCATIONAL TRUST
Page 2
Re
ort of the Trustees for
ear ended 30 September 2024
The Trustees present tholr report and the unauditod flnanclal statements for the year onded 30
Sèptember 2024.
Activitles
The objects for whlch the Charity Is established are to advance educatlon In particular by
provlding or assistlng In the provision of graduate and post graduate grants and l or loans on
such terms as the Trustees shall decide to students for research and hlghgr learning at
Institullon8 In the United Klngdom and èlsewhere.
Results
Income from Investment8, donatlons and Interest for tho year amountsd to £ 30,593
(2023: £ 31.990) and expendlture amounted to £ 25,807 {2023: £ 16,279) Includlng awards
pald of £ 24.50012023: £ 15,000).
An accountancy fee of £ 525 (2023: £ 625) has been accrued.
Tho surplus of £ 4,787 (2023: £ 15,711 > ha8 Increased the Unrestrlcted Inc(Nne Funds balance
to £ 31,99912023 . £ 27,2121. At the end of the year there was a nèt appreclation of £ 34,257
12023: net appreelatlon of £ 23,953) In the value of the Trust's Investments.
The flnanclal 8tatemont• on pag88 4 to 8 glvo detallg of the rosources arlsing In tho year and
thèir dlsposltlon.
Responsibilities of the Trustees
Law applicable to charlties In England and Wales requlres the Tru8tseg to prepare flnanclal
Statements for each financlal yoar whlch glve a true and falr vlèw of the charfty'8 flnanclal
actlvitles durlng the year and of Its flnanclal position at tho end of the yèar. In preparlng those
flnanclal statements, the Trustoes are requlr8d to:
- select 8ultablo accountlng pollcles and then apply them con8lstently
- make Judgements and estlmat88 that aro rea80nable and prudent; and
- stato whether appllcablo accountlng standards and statsments of recommended practl¢o
hav8 been followed subject to any dèparture8 dl8closed and explalned in the flnanclal
8tat8monts; and
- prepare the flnanclal statements on a golng concern basis unless It Is Inapproprlate to
presume that the trust wlll contlnue on that basls.
The Trustees are responsible for keeplng proper accountlng records whlch dlsclose with
reasonable accuracy at any tlme the financial posltlon of the charity and to enable them to
ensure that the flnanclal ststements comply with the Charltles Act 1993. They are also
respori8ible for safeguarding the assets of tho charlty and hence for taklng reasonable steps for
thè prevention and dètectlon of fraud and other Irregularitles.
Approved by the Trustees and signed on thelr behalf by:
mian
Date:

Independent Examiner's Report to the Trustees of
The Grundy Educational Trust
I report on the accounts of the charity for the year ended 30 September 2024 which are set out on
pages 2 to 6.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the ternis
of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland)
Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation
10(1 ) (d) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the
accounts as required under section 44(1) (c) of the Act and to state whether particular matters have
come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation I l of the 2006 Accounts Regulations.
An examination includes a review of the accounting records kept by the charity and a comparison of
the accounts presented with those records. It also includes consideration of any unusual items or
disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The
procedures undertaken do not pityvide all the evidence that would be required in an audit, and
consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to Iny attention [other than disclosed below ]
which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations
to prepare accounts which accord with the accounting records and comply with Regulation 9
of the 2006 Accounts Regulations
have not been met, or
to which, in my opinion. attention should be drawn in order to enable a proper understanding
of tlie accounts to be reached.
Name:
Relevant Professional qualification/professional b
KJTAtlT .
Address:
f AscoI4AJF LAbl
ofL£Il $0 2* 0£1
Date..
* Pleasc delete the words in brackets if they do not apply. If the words do apply set oiit those matters
which have come to your attention.

THE GRUNDY EDUCATIONAL TRUST
(Registered Charity No. 1002803)
Page 4
statement of Financial Activities
for the year ended 30 September 2024
2023
2024
Unrestricted Income Funds
Income
Dlvidends
Donations & repayments - ex students
Interest
Awards - repayable
27,274
4.569
147
28,185
2,204
204
31.990
30,593
Expenditure
Awards
Other expenses
Accountancy
15.000
754
525
24,500
782
525
16,279
26,807
15,711
Surplus for the year
4,787
11,501
Balance brought forward
27,212
27.212
Balance carrled forward
31,999
Capital Funds
546,966
Balance brought forward
570,908
23,953
Investment appreclatlon
34,257
570,908
Balance carried forward
606,165

THE GRUNDY EDUCATIONAL TRUST
(Registered Charity No. 1002803)
Page 5
Balance Sheet as at 30 September 2024
2023
2024
Note
554.452
Investments (at selllng value)
588,709
4,000
COIF Charltles Deposit Fund
4,000
4,500
14,500)
Debtors ". Awards repayable
Provision agalnst awards repayable
Awards pald In advance
4,500
(4,500)
Interest rocelvable
40.192
Bank aGcount
44,979
598,646
637,689
(625)
Less: Accrued expendltura
1626)
598.120
637,164
670,908
Capltal funds
805,165
27.212
Unrestrlctsd Income funds
31,999
698,120
637.164

THE GRUNDY EDUCATIONAL TRUST
Page 6
Notes fomiin
art of the financial statements for the year ended 30 September 2024
1. Accounting policles
(a)
The financlal statements have been prepared under the historical cost
convention and in accordance with the Financial Reportlng Standard for
Smaller Entities (effectfve June 2002) and follow the recommendatlons in
Accountlng and Reports'ng by Chariues.. Statement of Recommended Practjce
issued in October 2000.
(b)
Income Is Obtslnod through Investments whlch are Included at selllng value at
the close of buslness on the balance sheet dats.
(c)
All Income and expendlturn Is accounted for on an accruals basls, except that
awards durlng the accountlng perlod for payment In the succaedlng academlc
yèar are accounted for when they become payable.
(d)
Unrestrlcted funds are the surplus of Investments less all expenditures Incurred
to meet the objects of the charlty. These funds are wlthout further specifled
purpose and they are available as general funds.
2. Taxatlon
The charltable trust 1$ exempt from Corporatlon tax on Its charltable actlvltles.
3. Investments
As at 1 October 2023 - (at selllng values)
130,000 COIF Charltles Flxed Intgrest Fund - Income Share8
28,000 M&G Charifund - Income Unlts
153,764
400,688
554.452
change in the value of the investments
COIF Charitles Flxed Interest Fund - Income Shares
Appreclatlon
9,698
M&G Charlfund - Income Unlts
Appreclation
24.569
34.257
As at 30 September 2024 - (at selling values)
130,000 COIF Charities Flxed Interest Fund - Income Shares
28,000 M&G Charlfund - Income Units
163,462
425,247
588,709
4. Accrued expenditure
2024
2023
Accountancy fee
(625)
{525)