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|||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|
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|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.|||
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|||||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|||||
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|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||
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|||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|
##
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||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||
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|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. )||||||||
##
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|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|
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|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||||
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|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|
##
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||||||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|||||