GRIFFIN Co.NLNILThITY TRLST UNAUDrrF.D RI.:PORT ANI) ACCOINI 30 JUNI:. ?0?? (A Company limited by guarantee registered in F.ngland & Wales) LompaDy rcgistralion number. O?57?039 L'harity registration number. 1013308
. GIUFTrIN COMfvtUNrtY TRIIST contents DirectorsAwiual R¢K)rt Ch85rn]an's ReFK)rt Independent Examiner's Rq Accounts co]nprising.' StatenTrent of Financial Activities Balance sheei io-ii Notes to the accounts 12-17 The follmiryllg p¢ dS )t fom) pvrtof the statutory accounts: Iktailed income and expenditure accoun¢ 18 Ibe Community TTh]sL{A CoTnpani, limited kn. ttruamtee Vegisted in Fglar1 & Walts) Compall}' resi5trdtion nutnb¢r. 02572039. aJ2riTh' registration Dunkner.. 1013308
Page I DIRF.CTORS ANNtJAI. IU.:PnRT ' tintr the DireaoEs' R FOR TIIF. Yl'iiR F.NDED 30 JtPlF. ?OL? The Chair presents the rert of the directo]s, Iv]Jich is 81*) the di10. rwi as required bv wth the accounts of the comFdn)' for the l'ear ended 30 3utL¢ ?0?? The 4JirectQTS h.¢ adopted the proYision5 of the Statement of Recommended Practice {SORP)-Aceouttting and RerK)rtitig bv Chatilits" {FRS 10? (IA)) pjewing the ¥nnuaS rep)rt alld flnancial statements ofthe Charity. The ftnancial statements hai'e I) prq>ared in a¢cordanceMith the a¢¢ouDtinq wlicic5 set out in the notes to the aCllts and eomplN' i¥ith the tlaaTity'5 gonin docutntnL the (Iwttie5 Act ?01 l and Aecounrin4y and RetH)rting bs. Charities.. State]nent of Re¢x)rnmendcd F¥adiet (stcond edition) app]ib]e kn chatities PpaTing their accoun15 in accordance 140th thc Financial Retx)rting Stsrtdard applitable in the IJK 3ndRepublitof Irelandpublished in October ?019 (Second FAitionl and eff¢etii'e fn)m l janua ?019. ClllARITY NAMTr. rEIF. GRIFFIN com[uN[[y IRUST R1$[F.RTr,D NUMBER 0?57?039 (England and Wal) CIIARrrY NUMBF.R 1013308 RF,CTI8TF,PF,D OFFICF. 68 B¢a£x)n Drii'e Fast Sussex BN2i 2JX CIIARrrY's DIRF.cfoR8 Dr O Akinkugbe Vsce ChaiT DrYCChan G)vernance l.ead Dr K A Price Vice Chair Mi&s J A 'alker .4¢¢0llunoIlon Ltad Dr C I)(11 {R¢sigLed 2 Noi. 2021) MrJ Ash8 Studelli Chair Prt)re&r B T Coh4n Secretsry. Mr S P Rockhill Finantt Chair DrVLLIWThi Lhair DrJ Heraght%' (R¢5igned 2 Nov 2021) L s A AlaFotssh Mr R Bennett Ms.4Lhau Dr K h¢1-Andl (Re5ign¢d 2 N(>v 2021} (Resigned ? Nai. ?0211 {ResIed ? Eyoir ?O?l) {ReSigrtL ? Nov ?021) Oiesigned 2 Noi. 20?1} MrJ Ilenderson IResigrted ? Noi. ?O?l) Ms A Ilouse" (ReSi¢d ? Noi. ?O?l} Mr M Justillsuthak2raD (Resiotied 2 Noi." ?O?Ll Ms A l.aguna (Resigncd 2 Noi, 20?11 Ms l Morrill IResigntNI 2 Noi. ?O?l) Mr T Oyebanji (Resigned ? Noi. ?021) Oiesigned ? Noi, ?O?l) (Resig 2 Noi. 20?I) Pwlc Bailev H Biyne .Its RFitzgerald DrA rdOll.RC1d (Resied2 Nvi. 20?11 (Resigned 2 N(n.. ?021) (ReSied ? fvoi, ?O?l) (Res1Cd 2 No%, 20?1) (Resigned ? N, 20?1) (Resi£ned ? N'olr ?021) (ResiJed ? N'oi. 20?1} {R¢signed ? NT ?021) (Rcsinned ? Noi- ?021) {Rest2ned 2 Nov 20211 {ReSied ? Nov ?021) IResigned 2 Ni)v ?021) The kA)M78er LA<fv Web' (Resigned 2 Noi. 20?1} DrT Ifjll Ms S Joshi Ms Fl MOhlnad Ur S O"Brien Ms R Pillai. Prof S I"hornlon The dirrtiors of the £x)Tnpani' have theiDtitt8 riojkts forth¢ purws¢s of the Cowies Act ?006. N'o Director had a bcri¢la1 interest in an). omtrdct ibith the compan!" during the lOd. The Cyri1n Lommunits. Tntst (A Compaoy limiiedbl guarantee regiered in Fijgland & Wales) Compally rvi5tratioD number: O?57?039. Ch8rit)' r_iStratIOn number.. 1013308
Page 2 DIREcfoRS ANNUAI. RF.PORT . FOR TFIF. YFAR F.NDED 30 JtTXE, 20?? ratin Ct)nÉinu Vacant Dr V. L. C. Ivhiie SECRETARY ProfessorB T Coliryll REGLSTERTrD OFFICE 68 Beaeon Ikive Seaford CIL4BJTY ADmIsTRAToR Anthoni" Petti¢ 68 Beacon Ikii'e Seaford BN25 21X ACCOMMODATION MANAGER Ileather Ilill 53 Cheii)e Walk Gtange Park Lotx¢*)n N?1 IDB Barclays Bank Pl¢ 240 ]le¢hapel Road LoT)(kn EI IB5 soiJcrtORS BDB Pitsnans l.l.P One Barthol0¢%}. Clo ECIA 7BL Barr0 I.l.P jack Ilouse iDgford Lon&)n E4 7Bti 8TRiicrtJRI.' (jovERNAN AND mANAGEMTrT The cotnpanTr iSTegistered for charitsble thecharih. Co]JJmissiOll¢t5and isgoverned . amemorattdum and articles of Ass)ciation. It is arnedical sllknknt inspEred01SatIOEL It is limited by guarantre aDdthcs nothaveaJY shareLyitsL The ]iabTlity ofmtmbers in theeVe ofii'inding w) is IiTnited to £1 per intber. The Griif]n ComEnunitr Tn]st (A Lolltpanv ]imited M. gurntee registLYed ill Trgknd & W31&%) ComparAY registration nLllnber. 0257?039. LILatKts' TV.jthiion nuttkn: IOI3308
Page 3 DIRF,cfoR8 ATrINtIAI. Rf..PORT inco FOR Tllk. YFAIR Tr.NTr.D io JiJThE ?0?? The Me]n(fdndurn and Article of A&sotiiou of the CoTllpaJL% (ad(yted 8 ScrnLYllFr 2021) ststes: The Maximum numEer of Dire¢tOT5 shall b¢ ieD aTLd the llJinimuTll nutllberof Directh shall fo. Thr Directors shall indude a StudeniDirector. e]igibilit) foriwlltcb shall k dettnniDed from timeto time by the Director A Director ma) not aptx)itit an alternate directoror an)onelo aLt on their bebalf at meetings olDEr10T& The Dtrccthrs from time to lie shall betheonl!. mankn. A DireLK shall. bi. agteeTllg a Director. agree tobe a Member and accordingh. shall be admitt¢d Me[nbiP ofthe Chariti. their apJx)intmaJt as DÈrtctor. APP()tNTMt:ThTT OF DIRF,CfOLS Any peTh)n is Ivilli]]g to aci as a Dirfftor. aDd is perniitted bv knv to (k) . apwill1 to be a Director b! a resolution of I)irectot4 pwi'1d that DO aptK>inllllent of a Dirtctor rnay be which Old Ixuse the number of Direetor5 to exceed any nwnbrr fixed as the maximum nurnEtr of Direetor RLTIRI.:Mb.bFf OF DIRF.cfoiLS Thc tenns of orriLe of the dtre¢tOT5 in oifice at the date of the adoption of the ATti¢les shall be d¢t¢nnined by iydy of R)lUtiOn of the Dir1[& Any otberDlre0r shall aMx>itiied fora ofthree atthe cnd ofii4JidJ theN shall retire. A pcrsott retinng fri)m the oLfi¢e of Darector shall be clioiblc for re-aprrf)intmeni buL iithere the Fetir¢Tllt i.E at the end of a consecutive wiod of nine !"ear5 or mor¢ in office. the Director shall not eligible for re-apwinknent for a furtlker consccutive tenn of otyiee, apwi'ed b} a unanimou5i""Ote of th¢Dit¢dor5. ORGANISATtQNAI, STRIFcrtJRE The adn]inÉstrdtioa oftbe ebarftty is dimded into COIllliulte¢>' The Directors Board This is the gm'eTDing CoTnnJillee of ibe ill1¢ dwiti. knh. s%lK> h&r reFrf)ns from the Finan¢¢ Cornmitt¢E ajonu iTith other items such as Student Actis'ities Residcnts rLy)rt. It als() This is a sUtrM[nit¢rC ofDtrtdot5 BOo 0¢15¢¢ the finanLf5 of the eharity and mattage the Adminisirntr)r i%tho has dele2al rc5wnsibility' for thc das'_IiFd. financial transaLXions of the CTrarin'. All 'rnents of the CharÈn' are authoris¥J before p!"tnfflt 15 ade. The fjnances are fu]thtr divÉtsl into 2 a. Siud¢ni AUiiiti¢s are by the stlldu treasurtt. who r4 w the The AdMinistrar (kals with all other fin0Cial tra1ctiO Ihe (yriffIn ComTnuDih. I'rust (A ComF(). limited bi. g%JaTantet regiSted in Fmglalld & Mlal&%) CompanTr' TlStratiOn numbcr. O?57?039, (kni. reÈisitstion Tjumber. 1013JO8
Page4 tin OR THF. YE4R LWDED 30 JIJNF. 2022 Statement of Dire¢lor5' reSnsibilItIeS ltt respttt off the Direettirs. AJw4•1 Report ajkd the fjnau£i%l 5tatrments The Company Dirtttors are rtsrwible for preprng the ditectrf AnDual ReFOrt alld the fJnanci81 sla(ements in attordanec ith applicable ]aM" and United KJJJgth) ALroulltino - Swdards (Unaioj Kingdorn Generallj Accep(ed Accounting Pradice). Compans lam. reqllires the Director5 to prepare fmallcial statements foreadk fin3ncia] Trear. I4tiich gil'e and fairviem. of the state of affairs ofthe clwitable COPan. and of the tncon]it]8 resour¢e5 aud appliL7tion of resourc¢% iucludin8 the Slleollke attd ex]rE of the charitsble forthat lOd. select $uitrble accounting p)Iici¢5 and then atvlN the eonsi5tentls'. observe the and principl&% ill the Charities SORP ?019 alldFRS 102 make jUeme])ts aud ¢Ximatesthai ¥Jre reasonable and Kiei. state ivh¢tber applitrablc l]K Accounting Stand3T ha%'e been folloNr¢ wbieÉt to an}. Jnateri31 departur dsscloscd and explained in the tIal ststerneDik alld prepare th¢ fancial 5tatemertts OD the g0lugconL b&s&s wiks5 iti5 inappret0 Presu¢that theeharitable compani, Iiill continue in The direct5 aye rwible for keeping accounti¢1 reo)rds t1 disclose i71b rea4>nable accuracy at an), tirtie the fEtwJcial rK)sttion of the charAtsble ¢ompally aTMI tnable thetn to eDsure that the fin&Kia] statem¢nts Comply the Lompaaies Act ?006. Thev also resp)nsible for Saru8ft1]tig Ihe 3S5¢ts of the Charitable COuRp1Y alld hence teking rewnable Steps forthe prekention and detedion offraud attd Irregul111¢5. Rt8K MANACiLMEKf The Finallce Com]nittee ¢onducted a r'leW of ¢h¢ fiDaDcial risks faced the Charit). in Mai, ?022. The Cornmittee tonsider5 thai there are sufficient fantIal risk to¢ed 3E]d intallal Lxjntrols platt adequate to redu such risks to an acceptable ]'t1 to the diTelr IÉ is intended a M'iew of Ti5k man4(tement and all other rffocedures will be Conduct on a tirnetabledba5i5. The CILarity's objectii'es as foll.. (a) the relief of elderli" infirTtt handicaAxx] i%thether phS11h. or mentslly or phi'sicalls. ive pet5()ns bi. the promotion ol s()ci31 inclusioa for the public b¢nefiL in particl i1 not ¢xclusivel) in the East Lnd of London; and (b) th¢ provÈsion of short-ierni XCODm14xtsti(m IOT Tnedical aTMI denlal studolts from Barts &)d Tbe Lon£km 8ch(K)l of Medicine and DentistTh Queen MaTh' Unii'crsits" of London a i'iai to $1$1]ng students (ineluding EK)StJo aduatr studetts aDd [£nS enwed in re5¢anhl to obthjn a]Ml E*nefit from edUtiOn or pume r¢%areh at utiiversitres and other institutions of fither eduL7tioJL The eharitable puEwse utmler the Charities Act 201I is for the of citizethp and (x)rnmUDity development. The (Triff Community Tru {A Companv linjiled . guarantee registered Tn F.ngland & Wales) Company rIstratiOn number. O?57?OJ9: LlJariTh' regisiraiiou llUULber. 1013308
Page 5
DIRF,cfoR8 ANNtIAI. RF.PORT
the DI[10[5, R
FOR Tlll." YR F.ND. F.D 30 Ji,Th1." 20??
PIJBI.IC BTr.NP&
The dir¢ctar% have refeTredta thelidaT¢Trntained iTt the(Itaritv C.(>miriisinn's.ernI.1nctnTj publtclmefit Thlten
reijaiin(s our and obicctivcs and in platujino our fi]Èurc actiiitics. ID particular. the directors vi that its iTrork
integring themedical anddentsl sfttd¢Dts Mith th¢eld¢rli' in thei'aTiousa¢liN'i¢ie5 Tunhas Ix>th socia] and learning bet2efits
for th¢ di5FWate_groups. In plaTmii]g ow actiiities to encot]]PaSS this inteEration i&e i4ill COTrtinue to contribute to the
a5ms ad objcctiYC5 we baTr"e 5eL
VC)LLrtrrrE.ERs
The dirfftor4 friendsof and 5tthts proNide llumetous seTh'ice5 atllo LX)&t The Griff]n Communiti. Tn]st relies on
these volunteers forhdp in the ruDning of the LY)mparÈy'smany aLltie
ACFllf..NT.MF.Kr8 AND PI.MORfvIANLE
Ihe CThaTities MMTrrk th tbe stttdents is almed iiavs lo improye the aLroMm(Nlatm> Ththilst keeping thetn affordable.
This intluded the staff ora loDg-terni project to upgrade theac¢x)mTnod&ion (or the bthefit of its studen¢ tenants.
FOllng the restrictions irnrx)sed b). the CoNid Pandemiq the Lharit¥ sd the sw¢knts the task to further d•'elop
itna(sinatiYc and In0l08 1I2I'S to interact iiith thc eldLYh' re5idcnts of IAllsbuTh" Lodgc ad ToNTbec Itall ihilst ivorki-
on 5afciTra!'s to opcn faee to face th'ents. The swdenrs accepEedthis challenge and intaCt1th theresidets on a one-
to-one rneettng basÉ4 social cYenW Well as long di5tsllc¢over tiK)bile COmmWLi¢)tÉi)I
During thcyear. thc (Jwity completed the review oftheirArtide5 ofAssocialion.
A fjnaneial res'iths undcrtakenmith the m'ementOf its imr5tments to a fijuy F.m'ironrllaJtsl. Social and thi'ernance
{F.S(J) platfoTttL. This deN'eloptnI ¢nahld a mor¢ sla[11 rqx>nsible attitude for the chatit). t0kn7Tth its itht'estmfflt
portfolÉo.
The CTharity t%)ntiDued its 8reert initsative bi. its eDcrgi' suppl5. a nov I[ fully renewable
supplicr.
FNANCW. RF.VIF.W
A uf the restjlts of the itsr's xctiiiti. Is gii'etton pz8e9 ofthe accouTr
Income forth¢ lod M7s £liO.073 (20?1 - £IJI >,121) and extthdimre and investment eains a deficil resulted of£58
(2021- £65.85? 5urplu5).
IU.:SF.RVF.S POI.ICY
Asof 30° June2(1?l ihe ChaTiI)' held£684.767 in unre51rict
Page 6 DIREcfoRS.4NNETAL RE RT the DI, ReDOrt FOR THE YEAR ENDED JO JLThE 20?2 n¢0 tin The sdent A¢tivifv fund i5 firnCed bN" donations specifih for Swdeni activities in the OFernion of the Charitie5 Objertiv after deductino exFnses on such aettvili ATEY £wdrDJre in exce55 of thcsc don&ions ts fimded by the INVEgfMENT OF RESERVES - ETcess liquidTty will ke placed in ao Inlewt.b1og a¢c(Kthi or 1DvC with fsllallcial ins1]ttiOnS for a l¢)nger-temJ peti¢yl ThÈs peri¢xl rev%ewed OD a regular b&si& ONGOING DEVELO 14 The d1ctor'S assessale is that ri requires £140.01 ts) cover cxpadTbJre the eveni of an intemsptioll IO income. The balan¢e ofthe wtrestrttted reservewill be 2(k]edtothe ca5b balanees ofthe Grkffin House fujd aad placed towardsthe ongoin(p deveEopmentoftheGriffm House Acc(mmLxJationand2tw new proiectbeing d¢v¢lopedorfurther FUTURE PLANS l) The Fuwice Committee are reI[red by th¢ Charits s strong fllsancial r)5ition and et¢Jtwe furtherwmth by regularly monitoring. Th¢y will continue to seek Trtllle for mow luthe use ofthe resourcts. The Lommittee M'ill review the upg of the ex]]ng StJMkEtt acCoEnltIQll at Griffin HoLse aLd ensLtre fithds ayailable for the ¢haTiry to med its ll¢eds. ?) The Charity will continue IL8 review and develop its govemance thyl7E to rnake it more robust goTllg fonY8rd. FlDs HELD A8 CUSTODI ORS ON BEHALF OF OTHERS All hetdbelongto Grtffm com1rlt). TrusL No fimd% ate held on behlf of thh This report has been prewtd in a¢ikn w7th the pnwislS of Part 15 of the Comwnie5 Act 21Nh5 Telating to small C(TrmPW2i¢5. Signed alf o Professor B Dtrector Date appmve4 bv the b)ard: 2 Novernker?(122 The Griffin Cot)unw]itv Tru 1.4 Lompall%' limited bv regiered itt ELgJznd & Wales} Companv T]StratiOn nthnber. 025TJOi9. Lharatv RSi5trth numter. 1013J08
Page 7 Gr1[r C.ommwii TrLrt Cbair's rt 2022 Overthe last yedrile are gtatrftt] COVID Itas becoTne less and that the i'xccinatton Pgrae has allowed us all to move j)re freely. We hai'e xil missed each other.s ts)Tnp2nN' and hakeTeallJ ltsvd meeting upagain. The thffitL Students hai'e started io orgatiise more tt'ents attd ensurethai thm. hai'e been tt8.safe as tx>ssible. but 111 cnjoved bv all those hai'e allertde(L We M'ere particul1% delighi&l the (hrdth Partv iti June allmitd us 10 catch upwith s) many old fria. l ivould like lo thank the Griffln Lath. We5tbuTh." for ber Ongo[ SUPWrt and Coun7. to Gbeng who dtspite being an oCtll aivai,, has Still ellsured we hai'e a neKi' tOT]Stitution th is fil for the 21° ceDIuTV: to Kat Price for her hard work and enthusiasm * dealing wth student 15s- e d¢lighied to hear aiK)ui the recent birth of IJ¢r daughter g)phie; Proleswr BTian Coll'in and Judith Wa]k¢r for their •Jiice and guidanr¢: Steph Rockhill and Toni. Pettit for ensuring sensible inveSt]nl and oveTseein? our finantts alldio Dart Regan for handiA? th'erthe f¥tI21 reigns so SM[hI. Dr Fabia Ll)an for bOrnIn? ourgoi'emance Ivdd and etssuring ourN)licies are up to date. Dr Claire Doi¥. for her aih,o(xcy ott dealu]gMTrth olderPIe smdica] and s(Kial issues.17thsaisotoMs He]en 1)rArief (Tun3%van. and DrJane Her2ghtt. for their help and suprK)rt and to EIv4thcr Ill our Sile Managcr, for keeping Griifjn Ilouse in order. I would akn like thematte Celestr Samarttsn &)ciety, rtheir ts)niiE)ued finaticia] sw)p)rt of our even Finalli, l ivould ITke its thank all ofthe GritTht Hou5C 5tu(ktrt5 i¥ho hai'e orwii5ed the evfflts and sutp)rted their elderlv n¢ighEx)UTS iiith such enthu5iasTn al cn¢vTr' at a difficuli tiTn¢. tortacu]artY the 0gOIng thir. Jed AslLT¥WJ. We look io the Trexl l? Dr Veronic3 l.C White ChairtnaTr. Gr]if LollJllLulliC)' Tru IX Noveo)F*r 202? The (iriffin Com]nunitY Tn {A ComFranTr' lin)itcd . guardnte¢ registered in IAiglaud & Wal¢s) Lomp8n)' .iStratiOn number. O?57?039. CTharin' rUs1ratiOD numbLr. 1013308
Page 8
UAI.tFIED REPORT OF THE tNDEPFNDFKf EXAMTNER TO TItE MEMBEILS OF
Tlll.: CIRIFFIN COMMtINITY TRIIST LIMfrF.D
ch3Titshle cotn
"inb
and & Wales
ndtpendent a]neWS Rtport tts the Dire£tors of The GrKtrw C.OmmUDity Trnst
I rep)rt to the elwity directors on my exajnillation of the accounts oftt o)mFODy fortheycar cnded 30 June 2022 iyhidi
are set out on paoe5 9 to 17.
RtSPODsibilitKs #nd basis of report
As the eharity direc of ¢QTnpallY you are restmsible for the prep10 of tbe accounts in actordance iyith the
requirements of the Compantes Acr 2006 (:the 2)6 Aa.).
Flaving satisfjed myself thatthe acCots of the{paDY are JMTrtrequit•Jlo be audited utth Part 16 of the 2006 A and
are eligible for indepcndent £yaMinatio I rqK>rt in respect of mi exalEtion of Nour mPanY'S a¢wunts as Cdrried out
ersettioll 145 ofthe LTharitiesAct2011 ("the?01 l Aet-).In car]ving outrns. examithqtion I have lollowed tb¢Directions
giveo by the Charity Cornmission uuder Section 14S5)(b) ofthe 2011 ACL
Indtptndent examiDer'5 Statement
have completedrn} examin10. l LX>Dfitm Ihal rKJ njatters h&'e¢om¢tOV attention in (x)nneaion Th7ththe £YaoJition
giving rne causelo beli,e th* ill all!. material
a¢eOLmtino rea)r(L8 M'ere TK>t kept in resteL% ofthe company 05 rcquirryj bi. sedion 386 ofthe 2fTh A or
the accounts do not accord with those recor or
tILe accounts do nol cotnpl) iiitb the acts)Unlitig ra]uirCffjl of s&%ion 396 of the 2(M)6 Act other th&) any
requiretn¢nt thatthe accounts gil'e a'trueand fairiiew Mtii¢h I$ta lltter 0S1dLyedasP?rto[ all illdeF£nde
eX?inatIo or
the accounts have not befflt prepwed in accordan¢e ivith the meth(MLs ond winciple5 of the stateDllt of
Recommended Practice for accovlltinÈ a)d I]ng bi. ChItIeS applicable to cbzrities prepEn0 their accounts
In a£L(Ird3nce 111th theFi]M)ci3E RetK)rtill(p Standardapp]ieable in thelFKandRepublie of Ireland (FRS 102 (IA}).
E have no c(trnLrms aTLdhave eome acro&s other ttEatters tbe examination to Htit¢h ttIon Should I
dramn in this rey>rt in order io enable aprop¢t ofthe atcoU[ to reathe
Page 9 STATFAMF.Nf OF FIWCIAI. AcnvrtIFS ONCLUDING INCOMF. & pxpFNprrtJRF. ACCOIJW FOR TFIE YTrR FM>b.D 301H JtJNF. 2022 202? Restrtcial lJntestrictrd Total Fwids Funds Funds 2021 Tthtsl Funds Not Income F.x nditure Income en{billents from." Donations and le8ae2es 30 20.030 15.¢JX) Cljaritsble actill¢S 107,749 107.749 89,595 Invesbnents i? 22294 Tota] income and endoiiments 150 n73 120 1?1 enditwe on: Raising funds.. Investh)ent managemcni (x)sts 3.679 3,679 3,260 Cl)arithble aaivili¢s 34.(AJ2 74.400 109.002 99.961 8269 8269 Total exndIre 120 95Q 110965 Net gaittsl{losses) on iniye#ments 13 Net incomel{cxrenditure) (14))) 14.53? {58) 65,'852 on activities Net movement in fi]nds 17 {14.590) 14,532 (58) 65,852 ReconcilialioTr olfvn(L8= Total fidS br(yJgbt foThYard & i. Julv ?021 17 953,725 887,873 Tthal funds carried forward at 31P Jutte ?022 17 268yAI 1584.767 953,667 953,72.5 All income and ex[dItre derÉve from LX)ntillUiD8 aL*ivitie5 and rq)rtsents restricted and unrtstrÉcted fimd5 ofthe eharity. Therethrre no Teiy)gDiS¢dgainsorlos5e5 oth¢r shown inth¢ State¢40f FillaDcialAdivitie5 fortheyear ended June ?022. The notes ott pges 12 kn 17 forni part of these ftytsncial ststements. The Gril Communstv Trnst {A Com). limÈtedbN" q]arantee registered in Fg1alld & Wa1¢5) Lotnpany registraiioll number: 0257?039. CThariti' registration number. 101)308
Page 10 BALANCE SHEET 30Th JtWE ?09 Totsl Funds 2022 Total Fttnds 2021 FIX8D ASSETS 12 13 332.733 346,288 574 1?0 Investments Total fixed assets 8g>.893 920.408 CURRTrM ASSETS Debtors Cash * baT& and in knd 14 5.349 85.435 Totsl ¢urrent 855ets LtABll.ITIP.S Creditors: Amounts falling (kne iyithin one s'ear E5 oio NTr.T Ctnu<ENf ASSETS 33 NF.T ASSETS 953.667 953.125 The Funds of the dwity IJNRESTEULTrD llJNDS 17 684,767 670.235 RTr.SfRJCIED FiSNDS 17 Total Charity F$ 17 For the l'ear ending 30 june_22 the eonjpattv entided kn pIlOll from audit UDder section 477 of the cOpanieS Act ?006 relating to small wpale Directors, reSnSI7)t1l1l¢S. The members hai'en(Xr¢quircdthe COEllrAnv to oElaiti att audit of I30nts for the)earin qiiestion acry)rdaTLC¢ with section 476. The diretth acknowledge the1rrest)nTr111itsts f< complying with th¢Tg4ulrell0f the Actwilb Iwto aecouDtit)g records and the prepardtion of aeeounts. The Griftm Communiti. Tn (A Con]pally limttal M. gU8Twrrgls¢tyEd in England & Walts) Lompally registration nwnber. O?57?039. Clwity. registratson nuotrKY." 1013308
Pag¢ll BALANCE SHEET. 30TH JUNE 2ff22 Th¢ fwllcial statements have been in alYor with wovisioDs of Pdrt 15 of the Companies Act 2006 reIating to small ¢omp8nies. The notes on pages 12 to 17 fm part ofthe5e fjnanciai #athent& Approved on behalf of the dire¢tOTS ty. Chair. Dr VeronicaLC White Ihte of approval: 2 Nov¢rnber 2022 The GTiffin Communty Trust {A Company limited by gwrantee 81ed in Fland & Wales) Company registration number. Ir2572039. CFoTity re1{ uumber. 1013308
P¢ 12 NOTES TO TIE ACCOITYtS_ 30TH JbThE 20?? PRINCIPAT. ACCOUNrtNCF POI.ICtF.8 (a) Gettctal iDformatv)D and basis of prepardtion The Grirrsn Cornmunits. is a privatr cotnpani. lIlled bi" uwaniee. rvistered in F.n?land and 11 ales. Inthe eN"ent of the charity being ii'ound up. the liabi]ih' in res of the gllarantee is limiiedto £1 ptrDirLxxor of the ch2rin'. The address of the registered office i5 given in the ebarits. inlormation oll pe$ l alld * of these fjnaneial sta1¢¢Ats. The charity constitute5 a public efit cntitv as (kfjned h. FRS I. The fuwLcI sthtenkents hat'e been prepared under the hisioriral ¢ost convention and in aecordanet ilith AccourLtin(F and Rerti b!. Chzriiies: Statement of Recom¢ded Practice applicable to ctWiti&% PFq)aTin4 thcir accowlts in accordance iiith the Finaucial Reportinu Standd applieable i the UK and Republic of Ireland IFRS 10?} published in October 2019 affectin" rep)rtin¥ pertods beginnw. on or after I Jalluar! ?019, the binancial ReErt8 Stantsd app1]ble in the linited Kino(knn and Republic of Ireland IFRS 10?), the CbaritiesAc¢ 201 I, the LompaDies Aci ?(Kb6 and I. cnerall1 A¢tepied.4ceountingPractice as Él applies from l Januarv 2015. The tharity has the adYant4ue of the di105Ur¢ cxaDption in rryaring tse financia] statements as witted b Financial Reporting Standard TrIiS102. Therefor4 Ibese 2t)nud financial statements (lo not include a cash fjow stateetIt on tbe grounds that il is applvino Srftson IA of Financial Repminu Stsndard FRSIO? The f2nancial ternettts are wepared on a 4y01 ¢ontern Frtsis tuthr the historivdl a)nventiiJtL m(>dified to include certain itetns at lairva]ue. I¢ r]nantial statements are preslted in sterlin8iithieb 15 the ftional cuntnu. ofthe Ch]15. and rounded to the nearest £. The SIlf1£an1cl1t1ll.0 )]1¢1¢$ 4)plied Fyqkfdtionof these fJ]kqllcial statctna)tsare setouibeloiN. These FK)licies h'e been coll5i51enllJ applicd to all )'eaTs wJle&s o1117st sthie(L (b) Funds Unrestricted funds are available lor at the dIS¢rai of the direew in fiutheranee of tbe gaka3] tibiectives of the charits. atld h1th h.¢ not been desigDated forotherpwtAIs Restricted are funds i&hi¢h are io be used in acts)r(kn iiith Se[fiC re5triciions imyjsed . £bnoTS or ivhich have been raiscd bv the charih. lora partinLlar puru>s& The CO ofrdisiDg and administering such fi]ndsar¢ ¢l)arged agaittstthe specific fun(L The aim us¢ of each restttaed fiuKi is sd oul in the Directs)rs AnTLual ReJx)rt. (e} Incowe retognin All incotning resourcts are in¢]Ud in the Statan1 of FiDallcial Actii'iiie5 (SOFA) tsert the clwity is legall). cntitled ts) the inco¢ after an). )xrfonnanr¢ conditions h."e been mel th¢ a#M)Ullt cdn k me•surcd rdiabl!,, and it is probable that tbe in¢ome be receiN' i) All grants receii'able are eredited the ty)LYTrme and &Y1ture awourrf to which tb• relate provided rwrspl is Certa1 measurable & the cknritv has ffltÈtlement. is) Ik>nations rweii'ed lder Gift Aid together the thxiatrd iDtome tax re(%)veries are credited to the income and expendiure ac(x>unt inthc)M of rtceipt of the th)natI(. iii} Rental income is credited to the fmanciaj }r in th1£h it rel iv) Investment income relales to monev held inthe CafGold th>511 bank aceount as w¢ll &8 incomc generated on the charity's ini'estsnents. (d) ExpeTrditure rtco%Ditio Ail exiditurC is aceounted foron aE] acclsbaS1s andb&s classifi1 UDderheadingsthat 4Jegate ail costsrelated tothe trdteuori. Fdxptyditure isrecognisedilherethere isalegal orcoDstruclii'tobliWioniomakepavmentstothirdparties. it is probable tba¢ the settlement ivill be retirL and the amount of the obligation cau be t¥sr&I reliably. EYt*nditure iti¢llldes all irr£cov¢r4ble VAT. The CommuJih. T (A Cornrrdm." limTted bv w]ardntee ]SteI in & Wal¢sl copanY registrdtioll nutnber. 02577039. Cknin. regi5trafjon nutnber: IOJ3308
Page 13
IIIF, CTRtFFIN COMMifNITY TRIIST
NOTF.8 TO TIIF. ACCOIJNf8- 30- JtJNE 20??
Losts ol'raisittg fi]n(ts wmprise investsneDt costs relative to the charifv's investrftents.
ctMritable expertditure compTiSe5 all expendih]redircctfv rclated to theobiectsof the charitv. &)i'emance costs in¢ludethe
Costs of goi'emance arrdnge2nent4 which relate kn the g¢llcral nuJuitJg of the dwity as OPFosedio the direa Mgement
fimctions tnherent in gcneTaiing fund4 5m.ice (kliveTh' and pro¢ or projed 14ork. lthese aetii'ities proi'ide the
gos'ernance infrdStruttur< lilch alloThB thc ctwiti. to ortratc alld to ocncrat¢ the inforniation rt9ucd for publi
accountabilil>'. Tht). include the 5trat4v PlallEn proccssts that contribute to fi]twe developmeniof the ch8ritv.
Supry>rt COS inelude the centra] fimdions such as gcnwal tllanageffjent athniThistratioD. budqeting and accountin
infomatiim) technolo¥)', and financin?. 8upwrt Ix)sts ¢k) no( in th¢Tns¢lve& constitute an actiiryt%': instea
Page 14 T]IE GRIFFIN COMMtJNrrY 7RUST NOTES TO THF. AccoiJNfs. 30TtI JtJhE 20?? tNCOME FROM IX)NATIONS AND I,F,GACIF.8 Restrieted urestred Totsl Trua(ts FUD 2022 Total tknnation5 30 4. INCOME TrIiOM CHARITABLE ACTivnIF,S Restyi¢trd lJnrestri(knJ Totsl und Funds 20L? Totsl Griffin EIouse tenta] illCOllLe 1023A9. 107J49 Restric*d unrestr1d Total Fund5 To¢a] Schroders distnlti0rt E.'levate portfolio distrilwtion Interest rettived 18.570 3.680 18.570 3.680 10.150 5 J7? I52fi ISllre5trided Total Funds 2022 Totsl Fuod5 Portfolio managemettt fees R(l¢d UDrestrided Totsl Fuuib Punds Total 2021 Griffin Ilouse LAciii'it)' IJ Washinq Machine Lease Griffjn HOSe Nlaintet2ance utilities Insurdrtc¢ TV lJi¢enc¢5 8iie Ma]Jager Depreciatton 2.144 2.144 ?1.611 12,648 2,194 945 7500 23,588 16.4?6 17,034 17.034 259? 954 7JOO 26.294 954 7J( ?6294 Garden C05t Suprort costs (Note 8) 27 74 4L¥) ILM)ffi9.4 Student acttvities Student activities Supwrt W5ts (Note 8} Activi 8J08 8308 1,742 Jw? The Griffjn G)mmuniti, Tn]st IA CompanTr ItEDated h" guardllteertgtslered in FJxglaThl & Wale5} Company re8istrdtion number. (Y)572039, Chari1)' regi5trdlioD nuTrthLT: IOI3308
Page E5 THF. GRlbPIN COMMUNtfY TRIJST OIF.8 T() I'IIF. ALLX)ITNT8- 30- JiTNE 2022 . AI.I.OCATION OF SIFPPORT COSTS Griff Student Ilo Aetii'ities {A1vit5. l) (Aetii'ity 2) Tota] 2022 Totsl 2021 Aceountancv and AdmirithiioD Poslage Stalionern. Telephone I.eal &. Professional Bajjk charges 20.0(K) 296 378 4,081 2,851 144 27.75Q 16,490 49 226 4.074 6.667 83 ?7.589. 378 4,081 1851 9. G()VLRNAhTCE L$T Total ?022 l-otal 2021 Fullds Aceountancy and Administrnlion Inderndent balltiOn Fee meetin b.xpcnses 4.000 4.(KK> 4.0(K) 4.( ?69 8269 4,000 3,6(K> 144 1269 10. NE.'T INCOMEJ{FXPF.Nk Dtrt]RF.I FOR THF. YPAR Nct inLX>mal{exrendi[e) Is Slatcd after cha1¥[n((Teditsg). Total ?0?? Total 2021 Dcpreciation of tan.Thle fjxcd assets 23.588 I I. tNDTrTrFNDFNf F.XAMINFRS PTr.ME5NFJATION The indcpttxdent examinets remiineT31ion an Indedent ex•iJiDation fee orL? {2021- £2.0(X)) d accountaTIci' 5eTr'ices of £1:800 {?021- £1.61M)). 12. I'ANGUILL FlXtD ASSI.TS l.e&sehold I.and 8rKI Buildt Wjxtures a1 Fitiin ui Cost Al I. July 2021 Additions 596,657 173,L?2 13,136 783,015 1?.739 795,754 264 795.490 596.657 185.961 13.136 Disposa15 AI 30 June ?OL? 596.657 181.697 13.136 Depreeiatiot) . ?021 137.818 13.136 436,7?7 264 436.463 Disp)salb' 137J54 14361 151215 13,136 Cbarge foT the %' At 30th June 2022 11.933 .13J36 et BLX)k Value AI 30° June ?021 {w¢L) 31Q.384 35.4(4 At 30th JuDe 2022 {CIFw(L) 298 33? 733 There iyere Iyita] (mimitmettts authorised entered It0 at the i'¢ar-d e021]1}. All asgeis are held for tharitsblc The Griffin Cotmnurtin. Tn (A CompknTr limTied b!, guarantee registtredin Englalld & lA'a1) Compan). registration nutllb¢r. Q?J7?039. Ch1. registr*ion TWttLb¢r. 1013308
Page 16 THE GRIFF COMMtJNtrY TRUST NOTES TO TIKE ACLOUNfs- 30TH JUNE 20?? 13. INVESTMENTS Markd Additions at Diwals ai Rffialuation Value OMV Ga](lA)sS} 2021 Market Va]lle 2022 SclJrod¢rs Invtstmenl Fund Elevate Portfolio 298.830 ?75_*90 574.12Q ?85.840 ?6.510) 7.f90 558,160 27? 29Q?(y) Inv¢5ttn¢nts at fairvalue comprisv. 20?2 2021 Listed investments Cath wttbin ini'estment wrtfolio 558.160 574.208 88 57L12Q GaItloSSeS on disp)sal of im'¢slmeDts and unrealised gaiD&qosses on revaluation: ?022 2021 4,920 28 132 LOS OD thsrosal of itivestments unrlS¢d gai]ts on rn'ajuation ISnrea]i5ed lo&ses on M'aluatioD 57.413 £613) 56.8(K) Nei gaiL%l(10&8es) on ini'esthia]ts 14. DEBTORS ?02? 2021 Acfflrd dividen¢l8 British Gas 5J49 15. CREDITORS: AMOUNFS FALLG DUE WITHIN ONE YEAR 2022 2021 Trade creditors ACealS Deferred income (Note 16) Prepaid dwsits Damage deposits 6.958 4.0(M) 9,047 2250 6,8( 3,600 8.145 5(K> 5.755 The Griffm Colltmunity Trust IA Colnpny limited by guardllteeregistered in Engla1 & Walas) Compatty registration nutnber. (P572039. Chariti. regisiTaii(UL DwDber.' IOI3308
Pagc 17 TIIF. CTRIFFIN COMMUNtrY TRIJ8T NOTF_S TO TItF. ALLY)IfNf8- 307H JUNE 2022 16. DF,FI.;RRED INCONfj. et I Total At l Ju]Tr. ?021 Additions during thel'ear A]nounts released to ing)llJe At 30 JUAC ?02? &145 9.IH7 8.145 9.047 9,047 17. FUND Rf.£ONCIt.IATION lJnre5trictcd funds BaIance l Juli. Movemetti in Reg)urirs Ba]ance 30 June Unrestricted 670115 I30. £29.181J 684,767 R¢itted rtmds Balan£ l Jujv 2021 Balance 30 June 2022 Gain The CTriffJn Ili)use Fwld SIL¢[ ACtIl¥ Fund 283.490 (26.2941 257,?08 11.092 ?68,900 ?O.(XK> (34,602) lJnrestricted are available for use at the discrdion of thc di£ iti fiJrth£m¢e of the gfneral objeetii'es of the charity and have rLOt betn designated for anv p3rtIcul pwtK>s& Th¢ Gritrjtt HOSe Fund clIsh in 1995 to Effode f[ a project to red'eloP a IK>me for the elderlv and a community. eentre ai I]bIll!. l.(xJg< incorwrdtRDg a Duof stu(knt resida)ce The Student Actii'ity fid is finanttd bv th)NatTOllS specificall). for Stsjdent actisities in the optrion ofthe aritIeS objective5. Any exr*nditure in extek% of thtsc (kjnalions 15 full¢kdby the uDrestricted fllL 18. ANALYSIS OF fvFfASSF.TS BFfWF.FN FtJND8 [JJJrtr[cI fits8 Reried fimds Total Fixed assets Net cU¢t as5etsl{liabilities) 268.900 890,893 6?.774 953.667 19. RELAITr PARTIES TRANSAcfIoNS The directors dÉd not make any (k)na thrythout CdIllonS kn the chaTits. this acLYM]nting i'ear{2021- £Nil). There M'ere no tsth¢r r¢latLry] party tratLOnS d]ng the wirKI (2(PI . £Nil). 20. F.)TrF.NSLS AND RL.MbThTrJiATION PAID TO DIRTr.cfoR8 No direetorrettived for attendingJDtttinJa thJrin8 the peri(xl (2021 . £). Neither dÉd direcloT reccive reMcTatiOn or iw¢fits (2021- £Nil). 21. STAFF Tl)e ¢ltsTit} does not cmplov aD}' Statr{2021- £Nil). The Griffin Cornm4]n3ty TnESt {A Compnv limitedby #tte regtstered Tll F & Th'alcsl Cornpany rcgistratson nber. 025V039, ChaTit)' W51ration n[b. 1013308
Page 18 TIIE GRITrTIN COMfvFUNrrY TRUST DETAILID LNCX)Mt.: ANI) I.:XPI.74Drrt]RF. AccouKr FOR TEIE YL4R ENTDED 30 JLYNE ?02? This d(Ys llot fotlll POf the slalulory ac(x)unts. 2021 Donations- 20.030 107.749 104595 127.779 GUTrTr.RNANCF. AND SUPPORT COST Administration ItWC5tsnent nwia8ement fees Trdvel attd sbsistence Acc(>utttsncY and adminis1ricl Inderndent FaMation Fee Postage T¢l¢phon¢ Stationery Bank Charges I,egai & Prufe55iona] Offi¢e & Meeting 3.679 3260 24.1MM) 20.4 3.600 49 4,074 226 83 6,667 4.081 378 144 1851 269 INCON(F. AVAIIABLF. FOR CHARrrABLE FJPF,NDrrtlRF. 88.081 66,IK)2 lJnre8tricted 301h Amiiversary Dijjn Griffin Houst Sitc Manager MainieJkCe Utiliti( Insurance 75j 16.4•6 17.034 ¥92 7.5(K> ?l.611 12.&18 2.194 Washing Machine Lease T V Lieenees Student Activities 2.144 954 2.144 945 1.74 Rcstricted Depreciation 30th AnnjN'er$3ri' Dint Smdeni artix'ilie5 23.588 8.308 8125? 6.829 72.372 (6.370) 15.526 OPERATJNG Surplusl IDefj¢it) for the ye4r lttierest & InK'esitnellt Incoinc lrtvr51Thrnt (Ios51 I gains su]plU (Deficit) for thevvar 65.851 The CoTJJmtinity Tru (A CompaTTh.' limiied M. guarantee rcgiste¥ed in litgland & Wale5) Comyall). registration 02572039. CbariTh' r¢gists*ion numb¢F. 1013308