17 OCT 2024
breakthrough programmes
Annual Report and Accounts
Year Ended 30 June 2024

Contents of the Financial Statements
For Year Ended 30 June 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activlties
io
Balance Sheet
11-12
C&sh Flows Statement
13-14
Notes to the Financial Statements
15-23

Company registration number
02930456
Independent Examiner
Mr Alberto Di LA)renzo FCA
HW Bedford limited
First Floor, Woburn Court
2 Railton Road, Kempston
Bedford, MK42 7PN
Registered charity number
1041855
Trustees
Chair.. MT B Rose
Mr A Basu
Mrs K Boulton (elected ioth April 2024)
Ms S Cook (resigned 15th December 2023)
Ms A Kalombodza (re-eIected 31st January 2024)
Ms N Mills-Robertson (re-elected 31st January 2024)
Mr C Murray
Mr M Parton (re-elected 3i¥t January 2024)
Mr D Woolley (re-elected 23rd liovember 2023)
Chief Eyecutive Officer
Ms E Garraway
Management L¥ecutive Team
Ms E Garraw'ay
Ms A Asantewa
Ms A Barradell
Mr J Down
Company Secretary
MrJ Down
Registered address
The Old Warehouse, 31 Upper King Street, Royston, SG8 9AZ
Solicitors
Harbottle & Lewis LLP, 7 Savoy Court, London WC2R OEX
Bankers
HSBC UK Bank PIC, 55 Corporation Street, Coventry, Cvi IGX

Report of the
Trustees
young people who are deemed to be at
risk either from ph}'sical, mental or
sexual abuse, drug or other substance
abuse, criminal activity, poverty,
homelessness, unemploiunent 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
re￿ewIng the charity's 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
Mr A Basu
Mi's K Boulton (elected ioth April
2024)
Ms S Cook Iresigned 15th December
2023)
Ms A Kalombodza (re-elected 31st
Januari, 2024)
Ms N Mills-Robertson (re-elected 315t
January 2024)
Mr C Murray
Mr M Parton (re-elected 31st January
2024)
Mr D Woolley (re-elected 23,
November 2023)
The trustees present their annual
Teport and financial statements of the
charity for the year ended 30 June
2024. The trustees have adopted the
proNusions of the Statement of
Recomniended 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 annual report and
financial statements of the charit),.
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 limÉted by
guarantee, governed by its
Memorandum and Articles of
Association. The company registration
number is 2930456.
The eharity Changed its name from
ollth at Ri.qk (UK)" to "Grit:
Breakthrough Programmes" with
Companies House on the 9tb June 2017
and with the Charity Commission on
ioth August 2017.
Object of the charity
The principal activity of the charity is
to advance the social education of
The day to day running of the
organisation is delegated to the CEO,
Fjlie Garraway.

A word from the CEO
This year has seen some significant highlights for Grit with independent evaluations
finalised and demonstrating the high level of impact our training has had both for
Local Authority teams and for Black students in uni%"ersity. Having demonstrable
impact is critical at a time when resources (both financial and people) are stretched,
and therefore justifyryng costs for our customer-base is ever more important. This
places us in a strong position in our key 'markets' for the year ahead.
We've seen a year in which our main client base - universities - are undergoing huge
financial difficulties resulting in restructures and funding reductions. This has
affected the amount of work we've been able to deliver this year and is informing the
way we spread our work for the year ahead. Our strong reputation means that many
university partners are continuing to invest in Grit and we are also beginning to grow
the work we deliver with secondary schools and to build the momentum of our work
with local authorities based on the outstanding outcomes of our evaluation.
The year ahead looks set to be challenging but the recent change of government
could present new opportunities for Grit and we recognise that, whilst resources may
be tight, the appetite and need for Grit's work is growing. A student recently told us".
"Grit has giiien me a completely different way of looking ot things, about how you
get out what you put it. People genuinely need this. Morepeople should do it."
Our commitment is to seek out new ￿ndIng avenues that will help to keep
channelling the work we do towards those who need it most and we look fonvard to
working with the new funding partnerships we haiTe begun to develop as we enter
2024/25.
Our team of staff have been exceptional this year in taking ownership of the values
and joui'ney of the organisation. They embody Grit's ambition to biiild commiinities
in which people contribute and thrive and I have huge gratitude for their approach,
energy and commitment. It also needs to be said that our amazing trainers, trustees,
Advisory Board, volunteers and supporters enable us to continue to champion this
way of working and inspire us to be our best - using our challenges as well as our
strengths to grow and thrive.
Ellie Garraway J CEO

Review of 2023-24
82% of J'oung people said the}, felt
more optimistic about the year ahead
We have developed programmes
supporting universities with theii.
'raising aspiration, and access work
with local schools: with the University
of Sheffield and white working class
boys. and Mryth Edge Hill university
and Black learners in Liverpool
schools.
Over the year we worked with 1.559
young people of which 9oYo report an
increase in resilience
We worked with 350 adults, 5% more
than our target. Over 9oOA said the
prograrnmes were good or excellent.
Grit in Universities
Demand for Grit remains strong,
despite the financial challenges in the
HE sector. We worked in 26
universities (the same as 202213)
deliirering a mix of programmes for
students and staff. Our offer continues
to develop: we have run a range of
bespoke workshops for student leaders
and rnentors, for students repeating a
year, and on employability and
connection.
Grit and Professionals
We've continued to work with local
authority partners, exploring ways for
staff to stay connected with the Grit
methodology, and developed new leads
generated by our evidence base (see
belom,) which bodes well for work in
the year ahead.
And we've been working with the Staff
College, the leadership and
development agency for local
authorities.
We continue to see impressive results
against key indicators of long-term
student success and achievement. 87%
of students report an increased self-
efficacy. 89Yo report an increased sense
of belonging.
Our work with Black Student Leaders
and Students of Colour continues to
expand: this year we delivered in nine
universities (up from three in 2021/2)
and worked with double the number of
studo.nts than in 202 ⅔ . We also ran
our first workshop on inclusive
coaching practice for staff supporting
Black students.
Quality
Our current strategic priority is
quality,: it uiiderpins all of our activity.
We have updated curricula, upskilled
our team of trainers and put in place
processes to monitor the Consistency of
impact across workshops.
Impact
Independent, university-led
evaluations of our work are producing
resu]ts.
Grit in Schools
The evaluation of ollr work with local
authority professiona]s provides strong
evidence of sustained impact on
cultural change and the results
frontline workers are able to achieve.
and positive findings are emerging
from the evaluation of our work with
students from racialised groups.
We ran major programmes in schools
across tK)ndon and the West Midlands,
combining intensive workshops and
coaching from loeal volunteers to
siipport young people in Year 9
disengaged from education or
exhibiting challenging behaNuours.

We have worked with unil'ersities as
they evaluate Grit programmes in their
own institutions. Again, they are
reporting sustained, measurable
positive impact of our work.
This brings academic rigour to our
evidence base, attests to the quality of
our work, and is a crucial element in
our business development and
comrnunications strategy.
Communications
People
We have been investing in the Grit
staff team Nvith a new performance
management system. All staff and
trainers have had DEI training and our
quarterly Action IEarning Set,
Conversations About Race, continues.
Business Development
Grit remains financially stable and
sustainable. We had an 69% repeat
business rate with universities from
last year and, at of the close of our
financial year 23/24, we have
contracted around 69Yo of OUT target
income for the coming year.
Our resenTes remain at the target of a
level equivalent to six months running
costs. Grit is in good shape.
We have overhauled our marketing
material for students and developed an
alumni group graduates of our
Black Leaders.
Over the year we have been amplifying
our voice in the HE sector and building
quality relationships, moving Clients
from customer to partner. We have
developed Learning Networks of
university partners; co-authored li
articles in reputsble, well-read blogs.
co-presented at 5 conferences. added
23 short films to our YouTube channel
where students, staff and professionals
talk about their Grit experience.
This drives nelv business and
contributes towards our strategic
objective: to extend the reach and
impact of Grit.
Future Plans
We will work to diversify our incorne
base: grow the number of our
university partners. and expand
vertically in existing partner
institutions on agendas around aecess
to uniNersity, employability and
apprenticeships.
We will grow our income from trusts &
foundations and corporates, enabling
us to innovate and find new ways to
deliver Grit to more at risk young
people.

Financial Review
2023/24 has been a year of political
uncertainty, very challenging econornic
Conditions and funding issues in
Higher Education (our key market). In
response we undertook a significant
review of our cost base, bearing down
on all outgoings and reviewing
resources against current and
predicted activity levels, taking
appropriate action to work towards a
balance.
Thanks are also due to all the
individuals, especially the volunteers,
who have supported Grit during tlie
year.
Unrestricted reserves policy
Our policy remains to have
unrestricted reserves equating to six
months running costs (£280,824).
Reserves now stand at £277,987.
Alongside this we developed a
programrne of work to diversify our
income streams in the year ahead. As a
result we remain well-placed to
continue the delivery, of our current
three-year strategy, designed to keep
the charity proficient.
The income profde of the charity has
continued to shift. Traded income
accounted for 92A of income (as
against 83% for the previous J'ear and
62% three }'ears ago), with the balance
coming from trusts & foundations and
individual donations.
Traded income is made up of sales of
progTammcs to universities, school,
colleges and local authorities.
This year Grit is reporting a deficit of
£84,571. Trustees recognise that this
result is a considerable achievement in
difficult circumstances.
The charity wishes to thank all the
funders who have supported it during
the year. We are extremely grateful to
the Julia & Hans Rausing Tn]st, the
Porticus Foundation and all the other
trusts and foundations that have
contributed to the charity and its
programmes.

Trustees
Responsibilities
The trustees (who are also directors of
Grit: Breakthrough Programmes for
the purposes of company law) are
responsible for preparing the Trustees.
Report and the f￿ancial ststements in
accordance with applicable law and
United Kingdom Accounting
Standards (United Kingdom Generally
Accepted Accounting Practice).
Company law i'equires 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
expendI￿re, of the charitable company
for that period.
In preparing these financial
statements, the trustees are required
to:
The trustees are responsible for
keeping proper accounting records
that disclose with reasonable accuracy
at any time the financial position of the
charitable company and enable them
to ensure that the financial statements
comply with the Companies Act 2006.
They are also responsible for
safeguarding the assets of the
charitable Company and hence for
taking reasonable steps for the
prevention and detection of fraud and
other irregularities.
A]l of the current trustees have taken
all the steps that they ought to have
taken to make thernselves aware of any
information needed by the company's
auditors for the purposes of their audit
and to establish that the auditors are
aware of that inforrnation.
Select suitable accounting
policies and then apply them
consistently
ObseLve the methods and
principles in the Lharities 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 financial
statements
Prepare the financial statements
on the going concern basis unless
it is inappropriate to presume
that the charitable company will
continue in business.
The directors are not aware of any
relevant audit information of which
the auditors are unaware.
On behalf of the Board
Mr B Rose
Trustee and Chair

Management,
Structure and
Governance
charity both through individual
counsel and their attendance at
Advisory Board meetings. The
members of the Advisory Board are:
Colleen Amos, co-founder and CEO of
the Amos Bursary
JA)rd Blunkett, Member of the House
of Lords and Former Home Secretary
Sir Les Ebdon, CBE, DL, former Vice
Chancellor of Bedfordshire University
and former Director of the Office of
Fair Access
Organisational structure
The directors of the company are also
charity trustees for the purposes of
charity law and under the company's
Articles are also members of the
company. The directors are the only
members of the company.
Under the requirements of the
Memorandum and Articles of
Association one-third of the directors
shall retire from office each year (on a
length of service basis) and are eligible
for re-election.
Professor Sherria Hoskins, Executive
Dean of the Faculty of Science and
Health, University of Portsmouth
Amira Mansour, Senior l£arning and
Development Advisor, GAM
Investments
Once appointed, any necessary
training needs for trustees are
identified by the directors and
appropriate training is organised.
The trustees have continued to
monitor, on a quarterly basis (monthly
for financial resiilts and forecasts), the
charity's activities, to ensure they are
operated on a proper basis.
Management structures
The level of eight trustees is considered
sufficient for the current needs of the
charity but the matter is under
continuous review.
tK)rd Mendelsohn, Member of the
House of Lords Internationa] Relations
and Defence Committee
Helen Millichap, Metropolitan Police
Deputy Assistant Commissioner for
Local Policing
IK)rd Neuberger, former President of
the Supreme Court of the United
Kingdom
Eunice Simmons, Vice-chancellor and
Principal at the University of Chester
Emily Sun, A leadership and strategy
consultant, specialising in youth sector
organisational development
Brigadier Simon Waddington, Ex-
British Defence Adviser to Pakistan.
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 trustees.
Damm Warwick, former Director of
Children's Services and social care
specialist
Ben Rose, Chair of Grit, also chairs the
Advisory Board who continue to be
immensely supportive. the charity is
greatly indebted to each and every one
of them. They actively support the
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 and local
authorities), trusts and foundations,
and donations from individual
supporters. Donations are solicited by
personal requests from senior staff,
trustees and the Advison, Board. The
charity carries out no fun(Iraising 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 Managemeryt
Executive to identify potential risks
and put in place strategies to reduce or
avoid negative impact.
The trustees continue to assess the
rnajor risks to which the charity is
exposed including those related to its
operations and finances.
The trustees are satisfied, having
regard to the size and objects of the
charity that appropriate measuTes are
in place to manage its exposure to risk.

Grit: Breakthrough Programmes (limited by Guarantee)
Independent Examiner's Report to the Trustees of Crit: Breal(through programmes
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June
2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Aet
2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible tor independent exatnination, I report in respert of my examination of your
charity's accounts as earried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In eanying out
tny examination I have followed the Directions given by the Charitv Commission under section 145ts) (b) of
the 2011 Act.
Independent examiner's statement
I have comiileted my examination. I eonfirni that no matters have come to my attention in connection with
the examination giving me cause to believe:
accoiinting reeords were not kept in respect of the Company as required by section 386 of the 2006
the accounts do not accord those records. or
the accounts do not comply with the accountins requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in aceordanee with the methods and principles of the Statement
of Recotnmended Practice for aceountins and reportlns by chariti&s (applicable to charities preparing
their aecounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection hryth the examination to which
attention should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Alberto Di Lorenzo FCA
HW Bedford Limited
First Floor, Woburn Court
2 RAilton Road. Kempston
Bedford, MK42 7PN
Date: .......

Grit: Breakthrough Programmes (Limited by Guarantee)
STATEl￿Er(r OF FINANCIAL ACrIVr￿ (INCORPORATING AN INcOl￿E AND EXPENDITURE
AccouKr)
For the Year Ended 30 June 2024
Notes
Unrestrieted
Funds
2024
Restricted
Funds
2024
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2024
Total
2023
Income and
Endowments
From
Donations and
letsacies
Charitable
activities
Investments &
Other
Total Ineome
(2)
7,490
50,000
57,490
126,039
7,106
133,145
(2)
707.824
707.824
698,969
698,969
(2)
1.616
1.616
i.soo
1,500
716,930
50.000
766.930
826,508
7.106
833,614
Endowments
Eypenditure
R2ising Funds
Charitable acti%ryti&s
Other
(3)
(3)
(3)
795,501
6,000
50.000
845,501
6,000
859,418
10,399
46,706
906,124
10,399
Tolal Exyenditure
801.501
50.000
851,501
869,817
46,706
916,523
Net
income/(exTrenditure)
for the year
(84,sp)
(84,571)
(43,309)
{39,600)
(82?909)
Gross transfer
between fiwds
Net movement An
funds for the year
(84.571)
(84,571)
(43,309)
(39,600)
(82,909)
Fund balances b/fwd
at i July
362,558
362,558
405,867
39,600
445,467
Fund balances c/fwd
al 30 June
2TI,987
277.987
362,558
362,558
The notes forni part of these financial statements
io

Grit: Breakthrough Programmes ￿l￿Ated by Cuarantee)
BAIANCE SHEEr
For the Year Ended 30 June 2024
Company number".
-930456
2024
2023
Notes
FIXED ASSETS
Fixed assets
(6)
6.659
9,835
6,659
9,835
CURREwf ASSFTS
Debtors
Cash at bank
(7)
105,307
20
79,246
313,209
512,891
CREDITORS
Amounts falling due within one year
(8)
(41,881)
(160,168)
NET CUIUiENT ASSETS
52,
TOTAL ASSETS LESS CURRENT IIABILITIES
277,987
362,558
NET ASSETS
FUNDS
Unrestiicted funds
Restricted funds
(io)
(io)
277,987
362,558
TOTAL FUNDS
62,
The charitable eompany is entitled to ￿emptiOn from audit under Seclion 477 of the Companies Act 2006 for
the year enile.d 30 ,Tiine 2094.
The members have not required the collkpany to obtain an audit of its financial statements for the year ended
30 June 2024 in accordance with Section 476 of the Compani&s Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the eharitable company keeps accounting records that comply with Sections 386 and
387 of the Companies Act 2006 ana
O)) preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each finaneial year and of its surplus or deficit for each financial year in
accordance the requirements of Sections 394 and 395 and which other&￿e comply the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
The notes forni part of these finaneial ststements
il
continued...

Grit: Breakthrough Programmes (Iimited by Guarantee)
41ANCE SHEET
For theYeaT Ended 30 June 2024
Company number 02930456
These financial statements have been prepared in accordance with the prolrysions applicable to r.haritable
companies, subjeet to the small companies regime.
cial
were approved by the Board of Tnzstees and authorised for issue on
. and were signed on its behalf by:
Mr B Rose - Trnstee and Ckiair
The notes forn] part of these flnancial statemeuts
12

Grit: Breaktbrough Programmes
STATEMEwf OF CASH FLOWS
For the Year Ended 30 June 2024
Notes
2024
2023
Cash flow5 from operaling
actiTrities
Cash generated from operations
(i)
(227,359)
(Jo8,348)
(108,348)
Net cash from operating activities
(227,359)
Cash flows from investing
actI￿tieS
Purchase of tangible fixed assets
Interest receiiyed
(2,012))
1,616
Net cash from investing actiNities
1.616
Cash flows from financing
actiTrities
Cash generated from operations
Net cash from financing activities
Increase/(Decrease) in cash and
cash equivalents
C'ash and cash equivalents at
beginning of year
Cash and cash equivalents at end
of year
(2)
(225,743)
(108,860)
20
The notes forni part of these financial statements
13
continued...

Grit: Breakthrough Progran)Jnes
NOTES TO THE STATEMENT OF CASH FLOWS
For the Year Ended 30 June 0024
(i) Reconeiliation of net inconje to eash generated from
operations
2024
2023
Net incomel(expenditure) for the }wr
Depreciation charges
Loss on disposal of investments
Finan￿ income
(84,571)
3,176
(82,909)
4,117
(1,616)
(1,500)
(80,291)
(83,011)
{Increase)Idecrease in trade and other
debtors
Incre(ttse (Deerease) in trade and other
creditors
(26,061)
(16,791)
(118,287)
(11,266)
Cash generated from operatlons
(227,359)
1108,348)
(2) Cash and cash equivaIents
The amounts disclosed on the statement of cash flows i n respect of cash and cash equivalents are in respect of these
Statement of financial position amounts.,
30.6.24
1.7.23
Cash and cash equivalents
207,902
433,645
207,902
433,645
30.6.23
1.7.22
Cash and eash equivalents
433,645
542,505
433,645
542,505
The tsotes fonn part of these financial statements
14

Grit: Brealtthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements
AccouffflNG POLICJES
a) Basis of Accounting
Grit: BreakthrougFL Programm&s is a chaTity based in the United Kingdorn. The address of the
prineiple office is given in the charity infonnation on page i of these fmancial statements. The nature
of the charity's operations and principal artiiryties are to support or to promote such tharitable
purposes as the TTUStee's in their absolute discretion detem)ine.
The charity constitutes a public berLefit entity as defined by, FRS 102. The fmancial statements have
been prepared in accordance with the Charities SORP (FRS 102) 'Aceounting and Reporting by
Charitses.. Statement of Recommended Praetice applicable to charities preparÈng their aeeounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective October 2019),, Financtal Reporting Standard 102 'The Financial Repoiting Standard
applicable in the UK and Republie of Ireland, , the Charities Act 2011 and the Companies Act 2006.
The financial statements have been prepared on a going eoneern basis. The Trustees have re￿eWed
and considered relevant information. including the annual budget and future cash flows in making
their assessment. They believe that the charity will continue to have adequate cash resources in order
to pay all of its ereditors as they fall due for the foreseeable fll￿re and at least 12 months from the date
of siguing of these financial statements.
The presentational currency is £ sterling and rounded to the nearest pound.
b) Significant judgement and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions which impact on the reported amounts of assets and liabilities. Estimates and
judgements are continually eV￿Uated and are based on historical experience and other factors,
including expectations of tuture events that are believed to be reasonable under the elrcull￿tanCes.
c) Fund accounting
General funds are unrestricted ￿ndS which are available for use at the discretion of the trustees in
rtherance of the general obj'ectives of the charity and whieh bave not been designated for other
purposes.
Trade income (fees from universities, schools and local authorities) has been designated
"unrestricted..
Restricted ￿ndS are funds which are to be used in accordance with specific restrietions imposed by
donors or which have been raised by the Charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund. The aim and use of restricted ￿ndS on
projects are set out iu the notes to the financial statements.
Investment income 2s allocated to the appropriate fund.
d) Income & Endowrnents
Income from donations and grants, including capital grants, is included in the Statement of Financial
actiNqties when they are receivable i.e. the charity is legally entitled to the income and the amount ean
be quantified with reasonable accuracy, except as follows:
When donors specify that donations and grants given to the charity must be ￿ed in future
accounting periods, the income is defe￿ed until those periods
When donors impose conditions, wFJich have to be fulfilled before the Charity beeomes entitled to
use such income, the income is deferred and not ineluded in incoming rnsources until the pre-
conditions for use have been met.
Wben donors specify that donations and grants, including capital grants, are for particular restricted
purposes, which do not amount to pre-conditions regarding entitlement, this income is included in
incoming resources of restricted fimds when receivable.
This page does not fornj part of the stathtory financial statements

Grit: Brealtthrough Progranjmes
For the Year Ended 30 June 2024
Notes to the Financial Statements
e) Expenditure
Lypenditsre is included in the Statement of Financial Activities on an accruals basis, inclusive of any
VAT which cannot be recovered.
Certain expenditure is directly attributable to specifie activities and has been included in those Costs
categories. Certain other costs, which are attributable to more than one actiNryty, are apportioned
across cost categortes according to time or the nature of the activity undertaken.
Raising funds
Costs of raising funds are those Costs incurred in seeking voluntary contributions and do not include
the costs of disseminating information in support of the charitable acti￿￿ties.
Cbaritable activities
Charitable actikryties represent expenses incurred in the running of specific programmes and training
courses.
Other costs
Other costs are governance costs that are those incurred in connection with administration of the
Charity and compliance with constitutional and stathtory requirements.
Programme support and administration costs
Programme support and administration costs are those costs incurred directly in siipport of
expenditure on the objects of the Charity. These eosts are apportioned to the charitable activities on a
reasonable and consistent basis, based on ti￿e and resources spent on each area.
D Fixed assets
Fixed assets are stated at cost, or estimated market value at the date of receipt where a&8ets have been
donated to the charity.
The cost of minor additions or those costing in the region of £100 or below are not capitalised.
Depreciation is proNided to write off the cost less estimated residuaE values of all fixed assets over their
expected ￿SefUl lives at the following rates:
Leasehold improvements.. Over the remaining tern] of the lease
Office equipment.. 33% per annum reducing balance
Furniture, fAxtures and fittin&s: 25% per annum reducing balance
g) Financial instruments
The chdriLy has elecled to apply the provisions of section i i 'Basic Financial Instn]ments' of FRS 102
to all of its financial instruments.
Finanaal instruments are recognised in the charity s statement of financial position when the charity
becomes party to contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including
transaction costs and are subsequently carried at amortised cost using the effective interest method
unless the atTangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest, Financial assets classified
as receivable witl]in one year are not amortised.
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16
continued...

Grit: Breakthrough Progranunes
For the Year Ended 30 June 2024
Notes to the Finaneial Statements - continued
BasÉc financial liabi]ities
Basic financial liabilities, including Creditors and loans that are dassified as debt, are initially
recognised at transaetion priee lln1￿ tbe arrausement C0115titutes a financing transaction, Ntrhere the
debt instrnment is
measured at the present value of future pa}Thents discounted at a market rate of interest. Financial
liabilities classified as payable hithin one year al'e not amortised.
Trade creditors are obligations to pay for goods or Se￿CeS that have been acquire.d in the ordinary
course of business fro￿ suppliers. Atllounts payable are classified as current liabilities if payment is
due within one year or less. If not. they are presented as non-current liabiliti&s. Trade creditors are
recognised initially at transaction price and subsequently measured at amoltised cost using the
effective interest method.
h) Leased assets
Where assets are finaneed by leasing agreements that give rights appioximating to ownership (finance
leases), the assets are treated as if they had been purchased outright. The amount capitalised is the
present value of the minimum lease payments payable over the term of the lease. The corresponding
lea8ing commitments are shohry] as amounts payable to the lessor. Depreciation on the relevant assets
is charged to the statement of finaucial activities.
Lease payments are analysed between capitsl and itLterest components. The interest element of the
pawient is charged to the statement of financial actiiities over the period the lease and is calculated
so that it represents a constant proportion of the balanee of capital repawients outstanding. The
eapital part reduces the amounts payable to the lessor.
All other leases are treated as operating lease. Their annual rentals are charged to the statement of
financial activities on a straight- line basis over the tenn of the lease.
i) Pension costs
The charity operates a defined contribution pension scheme. The assets of the scheme 2re held
separately from those of the charity in an independently administered fi￿a. Contributions payable are
charged to the srtatement of financial activiti&s in the year they are payable. Differenc&s between
contributions payable and contributions actually paid are shown in either accruals or piepayments in
the balance sheet.
j) Basis of consolidation
The corisolidated accouiils incorporate the results of Grit: Breaktrough Programmes ("the Charity")
and its subsidiary undertaking on a line-by-]ine basis. The consolidatcd entity is referred to as "the
Groiip. No separate company Statement of Financial Actii4ties (SOFA) has been prepared for the
Charity as perniitted by section 408 of the Companies Act 2006 and para￿aph 397 of the so1￿.
k) Related party disclosure
The charity has tak-en advantage of exemptions contained Mrythin Accounting and Reporting by
Charities (FRS102) and has therefore not disclosed transactions with entities which form part of the
group.
l) Coryoration tax
In common with other charities, the Charity does not paytax on most types of incotne as long as it uses
the money for charitable purposes. Also, in common with other ehaiities, the Charity can claim back
tax that has been deducted on, for example, bank interest and donations.
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continued...

Grit: Breakthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements - continued
INCOME AND ENDOwfyIE￿￿s
2024
2023
Donations from individuals
Donations from charitable foundations
4,140
53,350
57,490
33,089
100,056
133,145
Charitable actiiryties
Trade income (for personal
development programmes for young
people and the adults that work knryth
them)
707,824
698,969
Other
Investment income- bank interest receivable
1,616
1,616
1,500
1.500
All income arises in connection with the eharity's principal activity. The income resources were all
generated in the United Kingdom.
ANALYSIS OF CHARITABLE AcfiviTIES AND OTHER COSTS
Core
expenditure
2024
2023
expenditure
Governance
Salaries and benefits
Social security costs
Contractors and
freelancers
Travel and subsistence
Support and
infrastructure costs
Telecoms and computer
expenses
Loss on disposal of
investment's
Professional fees
Independent examination
Depreciation
Exceptional training costs
Other costs
438,296
38,584
438,296
38,584
194,879
391,357
28,973
252,464
194,879
53,836
19,271
5,040
58,876
19,271
66,497
27,637
45,031
45,031
30,032
614
32,435
33,049
6,000
3,176
935
13,404
50,043
10,399
4,117
43,850
11,153
6,000
3,176
935
13,404
Total costs for the year
268,600
576,901
6,000
851,501
916,523
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Page 18
continued...

Grit.. Brealtthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements - continued
Costs are direetly attributable to the actI￿ty undertaken, any apportioned costs are apportioned on a
basis of time and na￿re ot the actI￿tieS undertaken.
fj024
2023
Other sernryces - Independent
Examlnation
6,000
10,399
6,000
10,399
STAFF COSTS
Details of the staff ¢osts are shown in note 3.
i employee received remuneration in the band £80.000-£90.000 per annum (2023.. 1 111 the band
£80,000-£90,000 per annum) and the company made pension contributions totalling £6,327
(2023: £ 5,897).
The average number of employees during the year 12 (2023.10).
The charity operates a defined contribution pension scheme, the assets of which are held outside the
charity. The Charity eontrtbuted a total of £18,896 {2023.' £15.707) on behalf of all employees during
the year. At the yearend, £2,633 (2023: £5,345) contributions were outstanding.
TRUSTEES, REMUNEIL4TtON AND BENEFI]S
None of the members of the Board of trustees received any remuneration during this year or last
year. During the year, no trustees (2023: £Nil) received reimbursement of charity related
expenditure (2023: £Nil).
The trustee indemnity is included as part of the charitys general indemnity insurance and covers the
trustees, liability in respect of neglect and breach of trust or duty to the charity.
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19
continued...

Grit: Breakthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements - continued
6. FIXED ASSETS
Charity
Furniture
fixtures
and
equipment
Office
fittings
Total
COST
At i July 2023
Additic)ns
Disposals
At 30 June 2024
28,297
8,489
36,786
DEPRECIATION
At i July 2023
Charge for the year
Disposals
At 3oJune 2024
19,372
2,948
7,579
228
26,951
3,176
22
80
0.12
NET BOOK VALE
At 30 June 2024
At 30 June 2023
682
8,92
910
9,835
The dosing net book value represents fixed assets used for the sup]X>rt and administration of the charity
DEBTORS
2024
2023
Trade Debtors
Other debtors
Prepayments and aeerued Èncome
22,262
72,560
io
25,144
45,000
102
io
CREDITORS
2024
2023
Trade Creditors
Taxation and social security
Accruals
Other ereditors
Deferred income (note io)
16,442
10,064
9,418
4,457
00
6,582
9,874
39,723
7,729
160,168
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20
continued...

Grit: Brealrthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements - continued
DEFERRED INCOME
Deferred income comprises of money received in advance of programmes, which are yet to start or
have started but not been completed and deferred element relates to the element of the progrdmme
to be completed in the forthcoming year.
2024
2023
Balance at i July 2022
Atnount released to iDcoming resollrcos
Amount deferred in year
96,260
(96,260)
1,500
99,817
(577,900)
574,343
6,260
io. MOVEME￿ IN FUNDS
Ati
Julv
2023
Incoming
resources
Resourees
expended
Transfer
At30
June
2024
Unrestricted funds
362,558
716.930
(801,501)
277,987
Restricted ￿ndS (see note 12)
50,000
(50.000)
66,9
{8
oi
The unrestricted funds represent the free fiinds of the charity that are not designed or restri(:ted for
particular purposes, this includes traded income received Nrya schools, universities and loeal aiithorities.
The restricted funds represent donations and grants from various statutory Authorities, Foundations,
Trnsts, Individuals and other corporate bodies to undertake specific programrries to improve the soeial
education of young people.
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21
continued...

Grit.. Breakthrough Programmes
For the Year Ended 30 June 2024
Notes to the Financial Statements - continued
11. ANALYSIS OF RESTRICTED FUNDS
At i July
2023
Incoming
resources
Resources
ended
Transfer
At 30 June
2024
Julia and Hans RausÈng Trust
50,000
tso,000)
12. COMMrrMEKfs UNDER OPERATING LEASES
Minimum lease payments under nOn-&￿eelI3b1e operating leases fall due as follows:
Charity
2024
2023
Within one year
Behyeen one and five years
6,215
6,734
12,9
13. CONTROLLJNG PARTY
In the opinion of the trustees the Charity has no single controlling entity.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricied
I,knnds
2024
Restricted
unds
2024
Total
Total
2024
2023
Fund balances at 30 June are
represented by:
Fixed assets
Current assets
Current lÈabilRties
6,659
313,209
(41,881)
6.659
313,209
(41,881)
9,835
512,891
(160,168)
,98
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continued...

Grit: Breakthrough Programmes
Forthe Year Ended 30 June 9024
Note,5 to the FinancÈal Statements - continued
15. REIATED PARTY DISCLOSURES
Lyeept as set out in Note 5, there were no related party transactions for the years ended 30th June
2023 and 2024.
16. LEGAL STATUS
The charity is a company IiTnited by guarantee and has no share eapital. In the event of the charity
being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.
This p2ge does not forn] part of the statutory fmancial statements
23