| Page | ||
|---|---|---|
| Directors Annual Report |
1-6 | |
| Chairman's Report |
||
| Independent Examiner's |
Report | |
| Accounts comprising: | ||
| Statement ofFinancial Activities | ||
| Balance sheet | 10-11 | |
| Notes to the accounts | 12-17 |
| the Financial Reporting Stand and effective from I January |
ard applicable in the UK and R 2019. |
ard applicable in the UK and R 2019. |
ard applicable in the UK and R 2019. |
epublic of | Ireland publi | she | d in Octobe |
|---|---|---|---|---|---|---|---|
| CHARITY NAME | The Griffin Community | Trust | |||||
| REGISTEREDNUMBER | 02572039 (England | and | Wales) | ||||
| CHARITY NUMBER | 1013308 | ||||||
| REGISTERED OFFICE | 68 Beacon Drive | ||||||
| Seaford | |||||||
| East Sussex | |||||||
| BN25 2JX | |||||||
| CHARITY'S DIRECTORS | |||||||
| Dr0 Akinkugbe | Vice Chair | ||||||
| Mr JAshman | (Resigned | 1 Nov 2022) | |||||
| Miss AEA Bache | Student Chair | (Appointed | I | Nov 2022) | |||
| Professor BTColvin | Secretary | ||||||
| DrYC Chan | Governance Lead |
||||||
| DrKA Price | Vice Chair | ||||||
| Mr SP Rockhig | Finance Chair | ||||||
| Miss JA Walker | Accommodation | Lead | |||||
| DrVLCWhite | Chair | ||||||
| Mr TH LYau | Student Chair | (Appointed | I | Nov 2022) | |||
| The directors ofthe company | have the voting rights for | the purposes ofthe Companies | Act 2006. | ||||
| No Director had a beneficial | interest in any contract with the | company | during the period. |
| 2023 | 2023 | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |||||
| Notes | Funds | Funds | Funds | Funds | ||||
| Incoine and endowinents | from: | |||||||
| Donations and legacies |
3 | 10,000 | 200 | 10,200 | 20,030 | |||
| Charitable activities |
4 | 111,620 | 111,620 | 107,749 | ||||
| Investments | 5 | ~ | ~28 | 4 | 28 247 | 22 294 | ||
| Total income and endowments | ||||||||
| i~I | ||||||||
| Raising funds: Investment | management | costs | 3,679 | |||||
| Charitable activities |
40,737 | 76,238 | 116,975 | 109,002 | ||||
| Other: Governance costs |
8 | 918 | 8918 | 8269 | ||||
| Total expenditure | ||||||||
| Net gains/(losses) on investments |
13 | I | 189 | I 189 | 29 181 | |||
| Net income/(expenditure) | (30,638) | 56,001 | 7.5,363 | (58) | ||||
| Tax on activities | ||||||||
| Net movement in funds |
17 | (30,638) | 56,001 | 25,363 | (58) | |||
| Reconciliation offunds: | ||||||||
| Total funds brought forward on Is July | 2022 | 17 | ~2 | ~4 | ||||
| Total funds carried forward on 30u June | 2023 | 17 |
| Page 10 | ||||||
|---|---|---|---|---|---|---|
| THE GRIFFIN COMMUNITY | TRUST | |||||
| BALA | E HEET | rn | E2 2 | |||
| ot s | Total | Total | ||||
| ~unde | funds | |||||
| 2023 | 2022 | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 12 | 331,027 | 332,733 | |||
| Investments | 13 | ~$6892 | 558 160 | |||
| Total fixed assets | 17919 | ]500M | ||||
| CURRENT ASSETS | ||||||
| Debtors | 14 | 5,693 | 5,349 | |||
| Cash at bank and in | hand | 88789 | 85 435 | |||
| Total current assets | 94462 | |||||
| LIABILITIES | ||||||
| Creditors: Amounts | falling due within one year | 15 | 33 351 | 28010 | ||
| NET CURRENT ASSETS | 61 111 | 62774 | ||||
| NET ASSETS | 953667 | |||||
| The Funds ofthe charity | ||||||
| UNRESTRICTED FUNDS | 17 | 740,768 | 684,767 | |||
| RESTRICTED FUNDS | 17 | ~22 2 | ||||
| Total Charity Funds | 17 |
| nly expenditure greater than f500 on c |
apital items is capitalised. | |
|---|---|---|
| Depreciation | rate | |
| Equipment | 25'/o | |
| Fixtures and Fittings | 20'/o | |
| Land and Building | 2'/s |
| N | N | OTES TO THE AC | COUNTS -3 | 0 | JUNE 2023 | |||
|---|---|---|---|---|---|---|---|---|
| 3. INCOME |
FROM DONATIONS | AND LEGACIES | ||||||
| Restricted | Unrestricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| f | 8 | |||||||
| Donations | ~l | ~2 | ~I2 | ~2 | ||||
| 4. INCOME |
FROM CHARITABLE | ACTIVITIES | ||||||
| Restricted | Unrestricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| Griffin | House rental income | |||||||
| 5. INCOME |
FROM INVESTMENTS | |||||||
| Restricted | Unrestricted | Total | Total | |||||
| Funds f, |
Funds | 2023 | 2022f | |||||
| Schroders distribution | 27,885 | 27,885 | 18,570 | |||||
| Elevate portfolio distribution | 3,680 | |||||||
| Interest | received | 99 | 263 | 362 | 44 | |||
| 28 247 | 22 294 | |||||||
| 6. INVESTMENT MANAGEMENT |
COSTS | |||||||
| Restricted | Unrestricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| Portfolio management fees |
||||||||
| 7. EXPENDITURE ON |
CHARITABLE ACTIVITIES | |||||||
| Restricted | Unrestricted | Total | Total | |||||
| Funds | Funds | 2023 | 2022 | |||||
| A tivi | I | |||||||
| Washing Machine Lease | 2,144 | 2,144 | 2,144 | |||||
| Griffin | House | Maintenance | 15,010 | 15,010 | 16,426 | |||
| Utilities | 22,667 | 22,667 | 17,034 | |||||
| Insurance | 3,321 | 3,321 | 2,592 | |||||
| TV Licences | 954 | 954 | 954 | |||||
| Site Manager | 7,800 | 7,800 | 7,500 | |||||
| Depreciation | 29,547 | 29,547 | 26,294 | |||||
| Garden | Cost | 192 | 192 | |||||
| Support Sude |
costs (Note 8) t t' i'e Activi |
2 | ~24 | 24 150 ~2 |
24 150 ~I |
27750 ~14 |
||
| Student | activities | 11,190 | 11,190 | 8,308 | ||||
| Support | costs | (Note 8) | ||||||
| Total | ~12 |
| NOTES TO THE AC | NOTES TO THE AC | NOTES TO THE AC | COUNTS | - 3 | 0r" JUNE 2023 | |||
|---|---|---|---|---|---|---|---|---|
| 8. ALLOCATION | OF SUPPORT COSTS | Griffin | Student | Total | Total | |||
| House | Activities | 2023 | 2022 | |||||
| (Activity | I) | (Activity 2) | ||||||
| Accountancy and |
Administration | 19,085 | 19,085 | 20,000 | ||||
| Postage | 14 | 14 | 296 | |||||
| Stationery | 453 | 453 | 378 | |||||
| Telephone | 4,476 | 4,476 | 4,081 | |||||
| Legal &Professional Bank charges |
13 109 |
13 ~19 |
2,851 144 |
|||||
| 9. GOVERNANCE | COSTS | Restricted | Unrestricted | Total | Total | |||
| Funds | Funds | 2023 | 2022 | |||||
| 8 | ||||||||
| Accountancy and |
Administration | 4,400 | 4,400 | 4,000 | ||||
| Independent Examination Meeting Expenses |
Fee | 4,360 ~1 |
4,360 ~I |
4,000 269 |
||||
| 10. NET INCOME/(EXPENDITURE) | FOR THE YEAR | Total | Total | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | 2023 | 2022 | |||||
| 8 |
| 12. TANGIBLE FIXEDASSETS | |||||||
|---|---|---|---|---|---|---|---|
| Leasehold d Bra |
~sd | ~Eui | men | Total | |||
| Cost On I"July 2022 |
596,657 | 185,697 | f, 13,136 |
795,490 | |||
| Additions | 27 841 | 27 841 | |||||
| 596,657 | 213,538 | 13,136 | 823,331 | ||||
| Disposal s | |||||||
| On 30eJune 2023 | 596657 | 213538 | ~13 136 | ~823 331 | |||
| Qa! 1 ti On 1"July 2022 |
297,706 | 151,915 | 13,136 | 462,757 | |||
| Disposals | |||||||
| 297,706 | 151,915 | 13,136 | 462,757 | ||||
| Charge for the year | 11933 | 17614 | 29547 | ||||
| On 30'" June 2023 | 13 136 | ||||||
| ~egg~lu On 30a June 2022 (B/Fwd. ) |
|||||||
| On 30e June 2023 (C/Fwd. ) |
| 13. | INVESTMENTS | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market | Additions | at | Disposals at | Revaluation | Market | ||||||
| Value 2022 |
costf | OMV f, |
Gain/(Loss) f |
Value 2023 |
|||||||
| Schroders Investment | Fund | ~24 | I 189 | ||||||||
| Investments at fair value comprise: |
2023 | 2022 | |||||||||
| Listed investments Cash within investment |
portfolio | 586,892 | 574,208 ~8 |
||||||||
| Gains/losses on disposal ofinvestments |
and | unrealised | |||||||||
| gains/losses on revaluation: |
|||||||||||
| 2023 | 2022 | ||||||||||
| 8 | |||||||||||
| Gains on disposal | ofinvestments | 28 | |||||||||
| Losses on disposal | of | investments | ~132 | ||||||||
| ~104 | |||||||||||
| Unrealised gains on revaluation |
1,189 | 57,413 | |||||||||
| Unrealised losses |
on revaluation | ~613 | |||||||||
| I 189 | 56800 | ||||||||||
| Net gains/(losses) | on investments | ||||||||||
| 14. | DEBTORS | ||||||||||
| 2023 | 2022 | ||||||||||
| Accrued dividends | |||||||||||
| 15. | CREDITORS: AMOUNTS FALLING | DUE | WITHIN | ONE | YEAR | ||||||
| 2023 | 2022 | ||||||||||
| Trade creditors | 11,240 | 6,958 | |||||||||
| Accruals | 4,400 | 4,000 | |||||||||
| Deferred income (Note 16) | 8,956 | 9,047 | |||||||||
| Prepaid deposits | 2,750 | 2,250 | |||||||||
| Damage deposits | 6 005 ~1 |
5 755 ~2010 |
| EFERRE | D INCOME | ||
|---|---|---|---|
| Total | |||
| On I July | 2022 | 9,047 | 9,047 |
| Additions | during the year | 8,956 | 8,956 |
| Amounts | released to income | ~9047 | ~9047 |
| On 30June 2023 |
| 7. FUND REC | ONCILIATION | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||||||
| Balance | Movement | in Resources | Balance | ||||||||
| I July | Gains/ | 30 June | |||||||||
| 2022 | f | ~fU | dl | T | f | ~losses | 2023 | ||||
| 6 | |||||||||||
| Unrestricted | RAZZ | ~11 | |||||||||
| Restricted funds | |||||||||||
| Balance | Movement | in | Resources | Balance | |||||||
| I July 2022 |
Income | ~fU | dd | T | f | Gains/ ~losses |
30June 2023 |
||||
| 8 | g | 6 | 6 | 6 | |||||||
| The Griffin House Fund | 257,208 | 95 | (29,547) | 227,756 | |||||||
| Student Activity | Fund | 11692 | 10004 | 10506 | |||||||
| 10090 | ~28 262 |
| 8. ANALYSIS OFNET ASSETS | BETWEEN FUNDS | |||
|---|---|---|---|---|
| Unrestricted | funds | Restricted funds | Total | |
| f, | ||||
| Fixed assets | 679,657 | 238,262 | 917,919 | |
| Net current assets/(liabilities) | 61 111 | ~22 | 61 111 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| INCOME | 8 | 8 | ||||||
| Donations - Restricted |
10,000 | 20,030 | ||||||
| Unrestricted | 111820 | 107749 | ||||||
| 121820 | 127779 | |||||||
| GOVERNANCE | AND | SUPPORT COST | ||||||
| ~Ad | ||||||||
| Investment management |
fees | 3,679 | ||||||
| Travel and subsistence | ||||||||
| Accountancy and |
administration | 23,485 | 24,000 | |||||
| Independent examination |
fee | 4,360 | 4,000 | |||||
| Postage | 14 | 296 | ||||||
| Telephone | 4,476 | 4,081 | ||||||
| Stationery | 453 | 378 | ||||||
| Bank charges | 109 | 144 | ||||||
| Legal k, professional | 13 | 2,851 | ||||||
| Office Jk meeting | 158 | 269 | ||||||
| 33068 | 96 8 | |||||||
| INCOME AVAILABLE | FORCHARITABLE | 88,752 | 88,081 | |||||
| EXPENDITURE | ||||||||
| DIRECT CHARITABLE | EXPENDITURE | |||||||
| Unrestricted | ||||||||
| Qr~iffin | ||||||||
| Site manager | 7,800 | 7,500 | ||||||
| Maintenance | 15,010 | 16,426 | ||||||
| Utilities | 22,667 | 17,034 | ||||||
| Insurance | 3,321 | 2,592 | ||||||
| Garden costs | 192 | |||||||
| Washing machine |
lease | 2,144 | 2,144 | |||||
| TV licences | 954 | 954 | ||||||
| Student activities | ||||||||
| Restricted | ||||||||
| Depreciation | 29,547 | 26,294 | ||||||
| Student activities | 11 190 | 8 308 | ||||||
| 34 602 | ||||||||
| ~25 | ~gl 252 | |||||||
| OPERATING Surplus/ |
(Deficit) for the year | (4,073) | 6,829 | |||||
| Interest Sr investment income Investment (loss) / gains |
28,247 ~ll |
22,294 81 |
||||||
| Surplus/ (Deficit) |
for the | year |