breakthrough programmes
Annual Report and Accounts
Year Ended 30 June 2023
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2Y0112tr24
COMPANIES HOUSE
#273

Contents of the Financial Statements
For Year Ended 30 June 2023
Report of the Trustees
Independent Examinerfs Report
Statement of Financial Actlvities
io
Balance Sheet
11-12
Cash Flows Statement
Notes to the Flnaneial Statements

Company registration number
02930456
Registered charity number
1041855
Trustees
Chair.. Mr B Rose
Mr A Basu (elected 25￿ January 2023)
Ms S Cook
Ms A Kalombodza
Ms N Mills-Robertson
Mr C Murray
Mr M Parton
Mr D Woolley
Chief Executive Officer
Ms E Garraway
Management Executive Tea
Ms E Garraway
Ms A Asantewa
Ms A Barradell
Mr M Charley
Mr J Down
Company Secretary
MrJ Down
Registered addre&s
The Old Warehouse, 31 Upper lting Street.
Royston, SG8 9AZ
Solicitors
Harbottle & l£wis Lll), 7 Savoy Court. LA)ndon WC2R OEX
Bankers
HSBC UK Bank PIC, 55 Corporation Street, Coventry, Cvi IGX
Independent Examlner
Mr Alberto Di Lorenzo FCA
HW Bedford Limited
First Floor, Woburn Court
2 Railton Road, Kempston
Bedford, MK42 7PN

Report of the
Trustees
sexual abuse, drug or other substance
abuse, criminal activity, poverty,
homelessness, unemployment or
illiteracy; to help them improve their
condition and thereby become useful
members of society.
The trustees confirm that they have.
referred to the guidance contained in
the Charity Commission's general
guidance on public benefit when
reviewing the charitys aims and
objectives and in planning future
activities and setting the grant making
policy for the year and are satisfied
that the charity is in compliance.
The trustees of Grit who served during
the year were:
Chair: Mr B Rose
The trustees present their annual
report and financial statements of the
charity for the year ended 30 June
2023. The trustees have adopted the
provisions of the Statement of
Recommended Practice for accounting
and reporting by charities (in
accordance with the Financial
Reporting Standard applicable in the
UK and Republic of Ireland (FRS 102)
in preparing the annuaI report and
financial statements of the charity.
Status and administration
The Charity was originally registered
with the Charity Commission by Trust
Deed in May 1991 under registration
number 1041855. On 31 January 1995,
it was wound up and reconstituted on i
February 1995 as a company limited by
guarantee, governed by its
Memorandum and Articles of
Association. The company registration
number is 2930456.
The charity changed its name from
"Youth at Risk (UK)" to "Grit".
Breakthrough Programmes" with
Companies House on the 9th June 2017
and with the Charity Commission on
ioth August 2017.
Mr N Basu (elected 2P January 2023)
Ms S Cook
Ms A Kalombodza
Ms N Mills-Robert50n
Mr C Murray
Mr M Parton
Mr D Woolley
The day to day running of the
organisation is delegated to the CEO,
Ellie Garraway.
Object of the charity
The principal activity of the charity is
to advance the social education of
young people who are deemed to be at
risk either from physical, mental or

A word from the CEO
The majority of Grit's work takes place in partnership with educational institutions and all of
it- more broadly- takes place within the public sector. Both young people and professionals
in these sectors have talked increasingly to us over the last year about the pressure,
exhaustion, anxiety and - at times- growing isolation they feel. They exist and operate
within an environment which seems to ￿ ever more challenging in tern￿ of what they are
being asked/expected to achieve, the limitations they experience and the landscape they look
out at in the future.
At CriL we recngnise that we ￿n't change this environment and these challenges- at least
not in the short terni - yet what we can do is to give people the Spa￿ to unpack their
experiences, to share and to (x>nnect. We find that within the rigorously safe and high]y
SUPFK)rtive boundaries of a Grit workshop, participants reignite their sense of purpose, share
with others on the basis of their Ix)mmon humanity and generate a sense of Optimism,
activism and joy alM)Ut what's tK)ssible. It is a privilege to provide this space, e$￿IallY for
those who experience the highest levels of challenge and we re(x)gnise the necessity of this
for those that participate- the lifeline that it offers. In serviee of that necessity, we have
spent the last year rigorously exploring the ways to (i) hone in on quality continuously and
{2) grow the reach and the impact ofthe work
In terms of quality, we have grown and diversifi￿ our training team, recruiting, training
and supervising new trainets as well as developing and quality-assuring existing trainers. We
have chosen to invest a significant portion of our surplus r￿erVeS tn e.nsiire there is a mbiist
succession plan and we continue to deliver to our quality Standard as we grow the work.
Our commitment to quality has also seen us s￿nding more time with our partners and
participants, listening and engaging with them through fornrns, roundtable events. fceus
groups and external evaluation& This helFKS US to keep our own learning journey alive and to
remain curious and open about the ways we (xn serve those we work with using the
unique'Grit' ingredients.
In terms of broadenins the reach of the work, our increas&1 focus on working with
professionals - within Children's Services Teams, Community Safety Partnerships as well as
within schools and universities- enables us to create a breadth of impact. PrOf￿10nals
working in a more relationship-focused way* taking a coaching approach and feeling more
connected to their own vision for change has a signific2Dt ripple effect on the families* young
people and students they serve.
We a]so continue to innovate with our newer workshops - our Black Iraders programme
has been our fastest growing progrdmme over the last year. with a pilot aLs0 taking place with
secondary aged pupils. Alongside this, we have Iwn to explore and pilot an employability
programme for university Students a5 well as building new partnerships with youth clubs,
Uni Connect partners and universities thernse]ves to work with younger pupils in years 9 to
So, it's been a busy. challenging. exciting and galvanising year for the Grit team. We
acknowledge the diffieulties and limitations of the times in whid) we're operating. This only
strengthens our commitment to providing young people (and those that serve them) with a
space in which they experience being valued, underst(rf challenged and in which they
can imagine a ￿tUre that excites them and create a community of support that will work with
them to Set there.
Ellie Garraway. CEO

Review of 2022-23
of the pandemic has been a running
theme.
Over the year we worked with 1804
young people of which 88% said our
programmes are good or excellent.
We worked with more than 709 adults.
5% more than our targeL Over 85%
said the programmes were good or
excellenL
76% of young people said they felt
more optimistic about the year ahead.
In partnersbip with the University of
Sheffield we de]ivered workshops to
raise aspiration and expectation in
white working-class boys in South
Yorkshire: and, alongside a multi
university collalx)ration in the East
Midlands. we ran a programme for
Black learners in Nottingham schoo]s.
Grit in Universities
Demand for Grit remains buoyanL The
year saw a 19% increase in the number
of universities we are working in (25
against 21 in 2021122). With the return
to being 'in the room. we were able to
deliver a broader mix of 1, 2 and 3-day
programmes for students. The year
also saw over 400 academic and
S￿dent support professionals in our i
and 2-day programmes for staff -
double that of last year.
We have seen iMpr￿s1Ve ￿Ults
against key indicators of long-terni
student SUCC&￿ and acbievemenL
The work drew heavily OD the expertise
and experience we have developed
from working with Black students in
universities.
Grit and Prof￿510n8ls
Work towards our objective of creating
systemic tranSforn￿ti0n in the way
servic&8 are de]ivered for young people
is gathering momentum.
We've continued to work with tsyo llxal
authorities, another two came on
board over the course of the year and
two more are already set to join us in
the coming year. And we've been
working with the Staff College, the
leadership and development agency for
I￿al authorities.
We bave seen impre&8ive results
against key. well-established indicators
of Iong-terni student success and
achievement.
91% of students rew)rt an increased
sense of belonging. 89% report an
increased self-efficacy.
Our work B]ack Student Leaders
and Students of Colour continues to
develop: this year we delivered these
programmes in seven universities (up
from three last year).
Grit in Schools
The focus has been on leadership and
shifts in organisational culture,
rejuvenating tean￿ in the afterniath of
the pandemic to produce significantly
improved outcomes for young people.
Quality
Our current strategie priority is
quality: it underpins all of our activity.
We have been upskilling our team of
trainers and put in pla￿ a calendar of
training. supervisions and
observations, further strengthening
our quality assurnnce pnxesses.
We ran major programmes in sch(K)Is
across London and the West Midlands,
combining intensive workshops and
support from volunteer coaches.
Overcoming the longer-terni impacts

Impact
Independent university-led
evaluations of our work are beginning
to pr(xluce results.
People
We have been investing in the Grit
staff team to build confidence,
expertise and connection through a
programme of personal developmenL
coachin& staff days. sessions on
eulture and valu&s. and a monthly
k dub, exploTing relevant research,
Ixjoks and FKxJcasts.
Buslness Development
Grit remains financially stable and
sustainable. We had an 69% repeat
business rate with universities from
last year anl at of the dose of our
financial year 22/23, we have secured
around 93% of our target income for
the coming year.
We now have robust evidence of our
impact on Further Education college
students. interim findings evidence of
our impact on team-working and the
practi￿ of professionals. and wsitive
findings are already emerging from the
evaluation of our work with students
from racialised groups.
This brings academic rigour to our
evidence base. attests to the quality of
our worL and rnakes a powerful case
to dients, old and new.
Communications
Over the year the focus has been to
amplify our Vol￿ in the HE sectOTS
and to create a sense of belonging in
our network of university clients. We
have run roundtable events for leads in
our university partners. co-authored a
series of articles in reputsble. well-read
blogs. co-presented at conferences;
built a collection of short films where
students. staff and professionals talk
aly)ut their Grit experience: and grown
our social media following.
This drives Dew b￿sineSs contributing
towards our strategic objective: to
extend the reach and impact of Grit oll
the lives of young peopl&
We have maintained our reserves at
the target of a level equivalent to six
months running costs. Grit is in
excellent shape.
We are ambitious for the year ahea
With our new partnerships around
schwls we are finding new ways to
deliver Grit to more at risk young
people. In universities we will respond
to emerging agendas, delivering
programmes around employability and
degree apprenticeships.

Financial Review
In addition to this, Grit recognised a
reduction in restricted funds of
£39,600. This was the result of a
decision by the trustees to reelassify
various funds that that were previously
reported as restricted and transfer
them to unrestricted.
2022/23 saw a continuation of
investment into the development of
the charity and its new three-year
strategy, d&8igned to keep it proficient
in the ever-changing political
environment and the very challenging
economic conditions.
The charity W￿beS to thank all the
funders who have supported it during
the year. We are extremely grateful to
the Julia & Hans Rausing Tr￿s( the
Porticus Foundation, the ClothworkeTS
Foundation. BBC Children in Need.
and all the other trusts and
foundations that have contributed to
the cl)arity and its programmes.
The year saw a significant shift in the
income profile of the cbarity. Traded
income DOW accounts for 85% of
income (as against 62% two years ago),
with the balance coming from trusts &
foundations and individual
donations.
Traded income is made up of sales of
programmes to univeTsities. schools.
colleges and local authorities.
Thanks, are also due to all the
individuals. especially the volunteers.
who have supported Grit during the '
This year Grit is rep)rting an
unrestricted deficit of £43309. It is
important to note that this is
accounted for by a planned investment
of surplus unrestricted reserves of
£43,850 in the development and
upskilling of the staff team and
building the capacity of the traiillng
teams. This expenditure is shown
separately in Note 3 of the financial
statements.
Our policy remains to have
unrestricted reserv£8 of £300,000 -
whicb equates to Six Tnonths Djnning
costs. Reserves stand at £362,558.
The Trustees have agreed that we
continue to invest the surplus back",
into the charity to evaluate key
programmes, growing the evidence
base for current and potential clients.

Trustees
Responsibilities
The trustees (who are a]so directors of
Grit: Breakthrough Progrdmmes for
the purposes of company jaw) are
responsible for preparing the Trijstees.
Report and the financial statements in
accordance with applicable law and
United Kingdom Accounting
Standards (United Kingdom Generally
Accepted Accounting Practice)-
Company law requires the trustees to
prepare financial statements for each
financial year which give a true and
fair view of the state of affairs of the
charitable company and of the
incoming resources and application of
resources, including the income and
expenditure. of the charitable company
for that period.
In preparing these financial
statements, the tnstees are required
The trustees are responsil)le for
keeping proper accounting records
that disdose with reasonable accuracy
at any time the financial position of the
charitsble company and enable them
to e￿Ure that the financial statements
comply with the Companies Act 2006.
They are also responsible for
safeguarding the assets of the
clwitable company and hence for
taking reasonable steps for the
prevention and detection of fraud and
other irregulariti&8.
A]1 of the current trustees have taken
all the steps that they ought to have
taken to make themselves aware of any
inforn]ation needed by the COMpan￿S
auditors for the pur￿￿ of their audit
and to establish that the auditors are
awdre of that inforniation.
Select suitsble accounting
policies and then apply them
consistently
Observe the methods and
principles in the Charities SORP
Make judgments and estimates
that are reasonable and prudent
State whether applicable UK
Accounting Standards have been
followed, subject to any material
departures disclosed and
explained in the fmancial
statements
Prepare the financial statements
on the going concern basis unless
it is inappropriate to presume
that the charitable company will
continue in busine&5.
The directors are not aware of any
relewant audit infonnation of which
the auditors are unaware.
On behalf of the Board
Mr B Rose
Tr￿tee and Chair

Management,
Structure and
Governance
greatly indebted to each and every one
ofthem. They actively support the
charity both through individual
counsel and their attendance at
Advisory Board meetings. The
]nembers of the Advisory Board are..
Colleen Amos, co-founder and CEO of
the Amos Bursary
IA)rd Blunkett, Member of the House
of IA)rds and Forn]er Home Secretary
Sir l£s Ebdon, CBE, DU fornier Vice
Chancellor of Bedfordsbire University
and fonner Director of the Office of
Fair Acce&s
The directors of the company are also
charity trustees for the purpo￿ of
charity law and under the cOmpan￿S
Articles are also members of the
company. The directors are the onty
members of the Company.
Under the requirements of the
Memorandum and Artides of
Association one-third of the directors
shall retire from office each year (on a
length of service basis) and are eligible
for re-electiOD.
Professor Sherria Hoskins, Executtve
Dean of the Faculty of scien￿ and
Health, University of Portsmouth
Amira Mansour, Senior I£arning and
Devdopment Advisor, GAM
IDvestments
Once appointe￿ any n￿essary
training needs for trustees are
identified by the directors and
appropriate training is organised
The trustees have continued to
monitor, on a quarterly basis (monthty
for financial results and forecasts), the
charitys artivkties. to ensure they are
operated on a proper basis.
IL¥rd Mende]sohn, Member of the
House of it)rds IDternatioDal Relations
and Defen￿ Committee
Helen Millichap. Metropolitan Police
Deputy Assistant Commissioner for
IA)cal Policing.
Inrd Neuberger, fornier President of
the Supreme Court of the United
Kingdom
Itjrd Phillips, fornier President of the
Supreme Court of the United Kingdom
Eunice Simmons, Vice-Cl)ancellor and
Principal at the University of Chester
Emily su￿ A leadership and strategy
consultanL s￿la]Ising in youth sector
organisational development
Brigadier Simon Waddington, Director
Global Plans, HQ Joint Operations
comman￿ Australian Defence Force,
Canbe￿a
The level of eight tr￿￿teeS is Considered
suffiaent for the current needs of the
cbarity but the matter is under
continuous review.
The remuneration of key management
personnel who are not trustees is
recommended by the CEO and
approved by the Chair of the Board of
Trustees on behalf of the triLStees.
Ben Rose, Cbair of Grit, akn chairs the
Advisory Board who continue to be
Imme￿$elY supportive; the ckwity is

Dawn Warwick, fornier Director of
Children's Services and social care
specialist
ndraising with the general public,
either in-house or third party.
Risk management
The charity maintains a Risk Register
identifying high level risks. The
register is used by the Management
Executive to identify potential risks
and put in place strategies to reduce or
avoid negative impact.
The trustees continue to ass&ss the
major risks to which the charity is
exposed including those related to its
operations and finances.
The trustees are satisfied, havÈng
Tegard to the size and objects of the
charity that appropriate measures are
in place to manage Its exposure to risk.
Grit's Management Executive Team
meets monthly.
Fundraising Statement
Grit's income comes from a mix of
traded income (sales of programmes to
universities, schools, FE Colleges and
local authorities), trusts and
foundations, and donations from
individual supporters. Donations are
solicited by personal requests from
senior staff, trustees and the Advisory
Board. The charity carri&8 Out no

Grit: Breakthrough Programmes (Limited by Guarantee)
Independent Examiner's Report to the Tr￿stee$ of Grit: Breakthrough pro8rammes
I report to the charity trustees on my examination of the accounts of the Company for the yeaT ended 30 Jwie
2023.
Responsibilitie$ and basis of report
As the charity's trustee5 of the Company (and a]so its dirytors for the purposes of company law) you are
responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act
2006 ('the 2006 Aet,).
Having satisfied myself that the accounts of the Company are not requjred to be audited under Part 16 of the
2006 Aet and are eligible for independent examination. I report in ￿Pect of my examination of your
charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out
my examination I have followed the Directions bn'ven by the Charity Commission undeT section M5(5) (b) of
the 2011 Act.
Independent examiner's statement
I have completed my examittation. I confirm that no matters bave come to my attention in connection with
the examination giving me ekllse to believe".
accounting records were not kept in respect of the Company as required by section 386 of the 2006
the accounts do not accord vnth those records" or
the accounts do not comply with the accoLintiDg requirements of section 396 of the 2006 Act other
than any requirement that the accounts ￿VE a true and fair view whieh is not a matter considered as
part of aa independent exan)ination' or
the accounts have not been prepared ID accordance with the methods and prineiples of the Statement
of Recommended Practice for accounting and reporting by tharities {8pplieable to tharities preparing
their accounts in aeeoTdance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).
I have no eoncerns and have come acro&s no other matter5 in connectioo with the examination to which
attention should be drawn ill thRs retKbrt in order to enable a proper understanding of the accounts to be
reached.
tykL
Alberto Di Lorenzo FCA
HW Bedford Limited
First Floor, Woburn Court
2 Ratlton Road. Kempston
Bedford. MK42 7PN

AccoiINr)
Forthe Year Ended 30 June 2023
Notes
Funds
2023
Fund
2023
Fund
022
20#3
9022
tneome and
Endowment•
From
Donations and
legacies
Charitable
qdsviti¢s..
Inyestmellts &
Other
Totsl Income
(2)
v26.039
7.106
J33J45
99￿31
99￿31
(2}
6￿.413
78as8
754.711
{2)
500
I￿00
6.239
6,239
826so8
7.106
833.614
782.183
78J58
860&41
Endowments
Expendltyr¢
Rsising Funds
Cbaritable activities
Other
ts)
(3)
ts)
859AI8
IOa99
46,706 906.124
10ts99 '
650.7&5
'&J40
r2A60
723,215
5.140
869.817
46.706
916s23
655,895
72A60
728J55
Net
incomel(expendlture)
forthe year
(43a09)
ts9,600)
(829909)
6.288
5.898
9,186
between fiwd8
Net movement in
fimds for the year
(4&3091
139.600)
{82.909)
126,288
5,898
132,186
Fund balanets blfivd ,
at i July
. 405.867
39,600
33.702
313,281
Fund ¢/fwd
at 30 June
362&58
40&867
39.600
445,467
The notes form part of these financial ststements
io

Fortheyear Ended 30 June 2023
Company number: 0249135
2023
2022
Notes
FIXED ASSETS
Fixed assets
Investments
(6)
17)
9.835
11.940
9,835
11.940
Debtors
Cash at bank
(8)
79.246
62.455
s￿,891
604.960
CRED￿oRs
AmouDts falling due within one year
(9)
(160,168)
(In.434)
36w8
445A67
NET ASSEIS
Unrestricted funds
Restricted fiinds
{ii)
(li)
362&58
40&867
T(YfAL FUNDS
62
The charitable con)pany is entitled to exemption from audit under Section 477 of tbe thmpanie5Act 2006 for
the year ended 30 June 2023.
The members have not required the company to obtain an audit of its fil￿nCI•l statements for the yw ended
30 Julle 2023 in ac(x)rdan¢e with SectiQn 476 of the CompaniesAct 2006.
The t￿￿tee5 acknowledse their responsibilities for
(a)
ensuring that the charitsble cOm￿nY keeps accounting reLords that Comply with Seetions 386 and
387 of the Companies Act 2006 aud
(b) preparing financial statements whicb we a trne and fair view of the stste of affairs of the charitable
eompany as at the end of each financial year and of its surplus or deficit for eaeh financial year in
4¢¢ord4nce with the requiTements of Sertiolls 394 and 395 and which otherwise comply with the
requirements of the Comp4Dies Art 2006 relating to fin&neial statements. so far as applicable to the
charitable Company.
The notes fortn part of financial statements
IJ
eontinued...

BALANCE SHEET
For the Ye*r Ended 30 June 20¥3
COmp￿Y number0249135
These fi])xneial statements have been prepared in acLI)rdance with the provisio￿8 app]scable to charitable
companies. subject to the small companies tesime.
The finanaal statements were approved by the Board of aDd authorised for issue on
. and were signed on itsbehA]f by:
Mr B Rose- Trustee and Chair
The notes forni part of these finaneiA] ststements

For the Year Ended30 June 2022
Notes
2023
2022
Cash flowg from operating
aetivitie8
Cash generated from operatioDS
(i)
(108.348)
12
Net cash from operating activities
(108.348)
Cash flowJ from iDvestin8
activities
Purchase of tangible fixed assets
luterest reeeived
(2.012)
I￿00
(ll.213)
Net cash from investing activsties
ts12)
activities
Cash generated from operations
Net cash from financing activities
h eqwvalents
Cash and cash equivalents at
beginrring of year
Cash and ¢ash equiv*lents at end
of ye
{2)
(108.860)
102,955
The notes fonn part of thtse finalleial statements
13
continued...

For the Year Ended 30 June 2023
(i) Reeonciliatlon of ntt income to cash 8enerated from
operations
2023
2022
Net in￿me/(eXpenditure) for the ytsr
Deprttiktion chapges
LL*SS on disposal of investments
Fmanee ineDme
(82.909)
4.117
132.811
3.538
(1￿00)
143)
136.306
(80,291)
{Increase)/decrease ID trade and other
debtors
Increase (Decrease) in trade and other
creditOL
(16.791)
(24,041)
(11,266)
Cash 8enerated from operntions
(108,348)
1141125
{2) Cash and eq￿Valents
The amounts disclosed on the statement o f cash fbws i n of cash and ¢•sh equiYa]ents are in ￿speCt of these
Statement of financial p(k8ition araounts:
30.6.23
L7.22
Cash and equiva]eDts
43&645
542,505
433,645
542605
30.6.22
1.7.21
Cash and e4sh equivalents
542.505
439.550
542.505
439.550
The notes form part of these fu￿￿e18] statements

For the YeAr Ended 30 Jun¢ 2023
Notes to the Finanel￿ Ststements
a) Basis of AewuntiDg
Grit: Breakthrough Programmes is a ¢harity based ij) the United Kingdom. The address of the
principle office is given in the eharity infornlation on page i of these financial ststetnents. The nabjre
of the ¢hariWs operatiODS aDd principal activities are to support or to promote sucb cbaritable
purposes as the Trustee's their absolute discretion detennine.
The charity eon5titutes a public benefit entity as defined by FRS 102. The finaDcial Statements have
been prepared in accordan￿ with tbe Charities SORP IFRS 102) 'Aeeounting and Reporting by
Charities: Statement of Recommended Pr8etiee appRieAble to charities preparing their accounts in
accordance with the Financial ReEN)rting Standard applicable in the UK and Republie of Ireland (FRS
102) (effective October 2019).. Financial Reporting Standard 102 The Financial Reportins Standard
Bpplicable in the UK and Republic of Ireland., the Charities Act 2011 and the thmpanies Act 2006.
The financial ststements have been preparol on a going concern basi& The Th￿eeS have reviewed
and considered relevaDt information, including the annual budget artd firture cash flows in making
their asse&8ment. They believe that the ebxrity wRll ¢olltinue to h&ve #dequate eash resources in order
to pay all of its creditors as they fall due for the foreseeable fu￿re and at least 12 months from the date
of signing of these fU￿￿ela1 statements.
The presentational ¢urrency is £ sterling and rounded to the nearest poun
b) Si8nifiGqnt judgement and eSti￿￿t¢S
The preparation of the financial statements requires ma[￿SeMent to make judgements, estimates and
assumptions which impact on the rewrted amounts of assets and liabilitie& Estim8tes and
judgements are continually evaluated and are based OD bistorical experience and other factors,
ineludins expectations of futsre events that are believed to be reasonable under the circumstance
¢) Fund aceounlins
GenerAI funds are unrestrirted funds whieh avai]able for use at the discrdioD of the trust￿ in
furtberanee of the genero1 objertives of the eharity and which have not been designated for other
Trade income (fees from uDiversiti4 scht>)]s and local authorities) has been designated
Restricted fullds are funds which are to be used in accordance with Specific Testrictions itnposed by
donors or whieh have been rnised by the Charity for partieular purposes. The cc*t of rnising and
administerin8 such ￿ndS are Charged against the sFttific ￿lla. The aim and use of restrieted fi￿dS on
pmjects are set out in the notes to the financial 5tatement&
Inv&sttnent Income is allocated to the appropriate ￿n(L
d) Income & Endowments
Income from donations and grants, induding capitsl grants. is induded in the Statement of Financial
aetivihes when they are receivable i.e. the charity ts lega]]y entitled to the ineome and the amount ean
be quantified with re&8onable aeeuraey. exeept as follows:
When donors specify that donations and grants given to the eharity rn￿t be used in futute
accounting periods, the income is deferred until those periods
When donors impose eonditions. whicb have to be fillfilled before the charity becomes entitled to
use sueb income. the income is deferred and not included in incoming resources until the pre-
conditions for w have been meL
When donors specify that donations and grants, including capital grants. are for particular restrieted
purposes. which do not amount to pre-conditions regarding entitlement, this income is included in
incoming resources of restricted funds when re¢eivabl&
This pase does notforni part of the statutoryfinancial statements

Grit: Bre4kthTough Progrwnme8
For the Year Ended 30 June 2023
Notej to the Financial Statements
Expenditure is included in the Ststement of Fitwicia] Activities OD an a(*Th￿baSis, inclusive of any
VAT whieh cannot be reowered.
Certain expenditure is directly attributable to specÈfic athitses and has been included in tht)se Costs
eategories. Certain other costs. which are attributable to more than one aetivity, are apw)rtioned
across Cost categories according to time or the nature of the activity undertaken.
Raisin8 funds
C4)sts of raising ￿llaS are those costs ineurred in seekins voluntxry ¢ontnl)utions aud do not inelude
the costs of disseminating izJfornHtion iti support of the eharitable aCti￿￿tieS.
Charitable aelisTrti4¥
Cbaritsble activiti&s represent expellses ineutred in the rnnnins of specifie progrnmmes and training
courses.
Other costs are governan￿ costs tILat are those incurred in conDection with administrntion of the
Cbarity and u)mpliance with coDstitutiona] and ststutory requirernents.
Programme support and administration costs those ¢osts incuntyl directly iti support of
expenditure on the objects of the Charity. These eosts are apportioned to the eharitsble acttyities on
reasonable and consistent basis, based on time and resources 5peot on eaeh area.
O Flxed assets
Fiyed a￿ets are ststed at Tr)sL or &stiDthted market value at the date of receipt where assets have been
donated to the charity.
The cost of minor additioDS or those c05ting in the region of £100 orbelow are not eapitslised.
Depreciation is provided to write off the cost less &8timated residual values of all fixed assets over their
expected useful lives at the following rates:
IEasehold improvements.. Over the remaining term of the lease
Office equipment: 33% per annum redu¢ittg balance
Furniture, fixtures and fittings.. 25% perannum reducing balanee
The ¢harity has eleeted to apply the pn)visions of wtion ii'Basic Financial Instruments. of FRS 109
to all of its fin&n¢ial instruments.
Finaneial instrwnents are recognised in the chariws 5taternent of financi￿ position when the charity
become5 party to contrnetual provisioll5 of the in5trumenL
Basic finaneial assets. whieh inelude debtor4 are initially measured at transaetion price including
transaction costs and are subsequently carried at amottised cost using the effective interest method
unle&s the arrangement (onstitutes a fiDancing traDsaetiOD, where the traus*etion is measured at the
present value of the future receipts diS￿Unted At a market rate of interest. Financial o&%ets classified
&5 receivable within one year are not amortise(L
This page does not form part of the statutoryfinancial statements
o)ntinued...

For the Year Ended 30 June 2023
Notes to the Financial Ststements- ¢ontinued
Basic financial liabilities
B&sie finaneial liabilities. in¢luding Creditors and loADs that are Classified as debt, are initially
recosnised at transaction price unless the arrangement constitutes a financing transaction. where the
debt instrument is
measured at the present value of future payments di￿￿nted et a market rate of inte￿st. Fitwicial
liabilities Classified as ￿Yable withill oneyear are llot amortised.
Trade Credito￿ are obligations to pay for goods or services that have been acquired in the ordinary
course of business from supplitr&. Amounts payable are d4ssified As eurrent liabiliti&8 if payment is
due within one year or less. If not. they Are presented as non-eurrent liabilities. Trade ereditors are
recognised initially at transaction price and subsequently measured at amortised cost usins the
effective interest methoil
h) Ixased 8ssets
Where assets are firtanced by leasing a8reements that give rishts approxitnating to ownership (finance
leases). the assets are treated as if they had been purchased outright. The amount eapitalised is the
present value of the minimum le8sÈ payments p8yable over the tern) of the lease. The corresponding
leasing commitments are shown as amounts pftyable to the le￿r. Depreciation on the relevant assets
is ¢harged to the statement of fiDalleiAI aetivities.
L￿se payments are ana]ysed between capital and interest components. The interest element of the
payment is eharged to the statement of finaneiAI artivities over the period of the lease is caleulated
so that it represents a constant PTOPOrtion of the balance of capita] repayrnents outstanding. The
¢apital part reduces the amounts payable to the1&s50r.
All other leases are treated as operating lease. Their anllual Tentals are eharged to the statement of
financial aetivities on a straisht- line basis over the term of the leas
i) Penslon costs
The chaiity operates a defined eontribution pension scheme. The assets of the seheme &re held
separately from those of the charity in an independently administered fund. Contributions payable are
charged to the statement of fmaneial aCti￿tieS in the year they are payable. Differences between
contributions payable and eontrlbutions aetually paid are shown in either acc￿￿lS or prepayments in
the balance sheet
S) Basis of ¢4)nsolidation
The consolidated accounts ineorpornte the results of GriL. Br￿kthrough Programmes ("the Charity
And its subsidiary undertaking on a line-by-line basis. The consolidated entity is referred to as "the
Group". No separate company Statement of Financial Activities (SOFA) has been prepared for the
Cbarity &8 permitted by section 408 of the CompaniesAct 2006 and paragraph 397 of the SORP.
k) Related party di8dosure
The charity has taken advantase of exemptions Contained within A￿OUnting and Reportins by
Charities (FRS102) and bas therefore not diselosed transactions with entities which form part of the
group.
l) Coryoration tax
In (x)mmon with other cbarities. the eharity does not pay tsx on most types of income as long as it uses
the money for charitable purP￿e5. ￿50. in common with other charities. the charity can claim back
that has been deducted on, for &xample, bank interest and donations.
This pase does not forni of the statsktory financi41 statements
17
Continued...

For the Year Ended 30 June 2023
Notes to the Financial Statements. continued
2023
2022
Donations from individuals
Donations from tharitable foundatio
20SII
79,020
99>531
100.056
133.145
Charitabl¢ a¢ti?itiqs
Trdde income (for personal
development programmes for young
people and the adults that work with
them)
698.969
754,771
Coronavirus job retention schetne grant
Investment income- bank interest receivable
6,196
43
6,239
1,500
All iDcome arises in Connection with the ehariws PriDcipal activity. The ineorne ￿SOurCeS were all
genernted ID the United Wom.
2023
2032
Salaries and benefits
Social security eosts
Contractors and
freelancei
Travel and subsistence
Support and
infrastructure costs
Telecon￿ and computer
expenses
l£Jss on disposd of
investments
Professional fees
IndepeDdeDt exami[￿tion
Depreciation
Exceptional training costs
Other costs
391.357
28.973
391*357
29,087
2481767
2￿A64
252*464
4&108
27.637
22.389
66A97
7,637
34A98
30,1
30.032
30.032
23&02
10.917
39.126
50.043
10.399
4.117
43.850
11.153
JOa99
5,140
3.538
4.lJ7
43.850
11.153
IOA24
Totsl costs for theyear
33&V26
iOa99
916￿3
728.355
This page does not fonn part of the stat￿ory financial statements
Page 18
o)ntinue&..

For the Year Ended 30 June 2023
Notes to the Finan￿ Statements. continued
Costs are directlyattributable to the activity undertaken. anyapportiolled eosts are apportioned on
basis of titlle and nature of the aetivities undert2ken.
2023
2022
Other services- Independent
Ex8mRnation
ioag)
5.140
10,399
5,140
AFF cosrs
Details of the staff costs are shown in note 3.
i employee re(*ived remuneration in the band £80.000-£90.000 per annum (2022: 1 in the band
£70.OOt>£80.000 per annum) and the company made pension contributions totallitig £5.897
(2022: É 5*390).
The avernge number of employees duriugthe year io (2022-10).
The cbarity operates a defined contribution pension scheme, the assets of which are held outside the
charity. The charity contributed a total of £￿.707 (2022: £12.843) on behalf of all employees during
the year. At the yearend. £5.34512021: £62) 0)ntributions were outstsnding.
None of the mernber5 of the Board of trustees received aDy remuneration during thi5 year or last
year. During the year. DO trustees (2022: £Nil) Teceived reimbursement of charity related
expenditure (2022." £Nil).
The trustee indemnity is included as part of the charitys genernl indemnity insuran¢¢ and covers the
trustee5' liabi]ity in respect of ne8lect and breach of t￿st orduty to the chaiity.
This pase does not fom part of the ststutory fin8neial statements
19
eontinued...

For the Year Ended 30 June 2023
Notes to the Financial Statements. ¢ontinued
CharAty
Furniture
fittiDgs
Tota]
and
equipment
cosr
At i July 2022
Additions
Disw>skl$
At 30 June 2023
26,850
IA47
71924
565
34,774
2.012
DEPRECL4TtON
At i July 2022
Charge for the year
Disposals
At 3oJune 2023
15512
7.322
257
22.834
4,117
NET BOOK VALE
At 30 June 2023
At 30 June 2022
The closing net Ewkvdue represellts fixed a&sets used for the support and admillistratioD of the charity
Unlisted
investment
co
At i July 2022
Diswsals
(i)
At 30 JuDe 2023
At 30 June 2023
At 30 June 2022
The Charity bad loo% ownership of the ordinary share capital of YAR Trading Limited, company
number 03639057 incor￿rated in England and Wa]es. YAR Trading Limited was di5s01ved on 25
October 2022.
This page doe5 Dot forni part of the statutory finan¢ial ststements
20
continued...

For the Year Ended 30 June 2023
Notes to the Financial Statements. continued
DEBTORS
2023
2022
Trade Debto
Other debtors
Prepayments and accrued income
25.144
45,000
52,645
1,500
CREDrroRS
2023
2022
Trade Creditors
Taxation and srtial security
Accruals
Other creditors
Deferred income (note io)
6&2
9*874
39.723
7,729
11.900
49.170
1&60
Deferred incoJDe comprises of money received in advance of programmes. which are yet to start or
have started but Dot been completed and deferred element relates to the element of the progrAmme
to be completed in the forthcoming year.
2023
2022
B8]ance at i July 2022
Amount released to incomiDS Tesoiirees
Amount deferred in year
99,817
{ST7.900)
574.343
103,689
(48s273)
481,401
This page does Dot form part of the statutory 6Daneia] statements
21
contillu￿...

Grit: Brn•kthrough Programmes
For the Year Ended 30 June 2023
Notes to the Financi￿ Statements. ¢•nlinu¢d
ii.
Ati
At30
JuDe
2023
2022
405.867
826508
(869B17)
362.558
Restrieted fuDds (see note 12) 39.600
7.106
(46,706)
445.467
(916
833,6M aL)
62.
The unrestrieted funds ttpresent the free ￿ndS of the charity that are not desisned or restricted for
particular purposes. this includes trxded income received via sehts)]4 universities and lod authorities.
The restricted funds represent donations and gratsts from various ststutoryAuthorities, Foundations,
Trusts. Individuals aDd other corporate bodies to undertake specific programmes to improve the S￿1￿]
education of young people.
DuriDg the year to go June 2023. tbe tn￿ee3 re-evaluated the treatment of restricted income and
believe that previous Te￿gnItiOn of restricted fuDds shoujd be recl8ssifieJ as unrestricted. This has
had the effeet of increasing the overall deficit by £39.600. At the end of the financi41 period there w&s
no restricted funds carried fon¥ard.
This page does not forni part of the Stat￿Ory financial ststements
continue(L..

For the Year Ended 30 June 2023
Notes to the Finaneial Statements- eontinued
At i July
2022
IneomlD8
Transfer At 30 June
2023
Julia and Hans Rau5ingTh]st
Porticu$ Foundation
WaTwickshire Countycounca
Children in Need
10.250
20,000
9.&50
(10.250)
(20,000)
(9,350)
(7.106)
7*106
Minimum lease payments under non-eaneellable operntingk*ses fall due as follows:
Charity
2023
2022
Within one year
Between one and five yeaRs
12
CONrnOLLING PARTY
In the opinion of the ttl￿ee$ the Charity has no SiDsle controlling entity.
Thi5 page does Dot forni part of the statutory financia] staten)ents
23
continued...

For the Year Ended 30 June 2023
Notes to the Flnan¢ial Ststwnents- continued
Total
Total
2023
2023
2023
2022
Fund balances at 30 June are
represented by..
Fixed assets
Current #ssets
Cutrent liabilities
9.835
512.891
(J60.168)
9.835
512.891
(160.168)
11.941
604.960
(171.434)
62
16.
Except as set out in Note 5. there were no related party transactions for the year5 ended 30th June
2022 and 2023.
17.
The Charity is a company limited by guardntee and has no share ￿pItal. In the event of the ebarity
being wound UP* the liability in respect of the guarantee is litnited to £1 per member of the charity.
18.
Subsequent to the reporting peri¢)J the elwity was virtim of a eyber breach which it is currently
dealing with the eonsequences and outcomes of. An estimate of the financial effect of thi5 eannot
Currently be Dwde.
This page does not form part of the statutory financial statements