2020-12-31-accounts

THE GRAwf FOUNDATION ANNUAL BEPORT AND Accouwrs FOR THE YEAR ENDED 31 DECEMBER 2020

THE GRANT FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page

1 - 3    Trustees' Annual Report
4    Independent Examiner's Report
5    Statement of Financial Activities
6    Balance Sheet
7 - 8    Notes to the Accounts

THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report, together with the accounts
of the Charity (Trust), for the year ended 31 December 2020.

REFERENCE AND ADMINISTRATIVE INFORMATION

Charity registration number:1084915
Registered office and
   operational address:Boughton Business Park, Bell Lane
Little Chalfont, Bucks, HP6 6GL

The Trustees who served during the year are as follows:-

G P Grant
Mrs C A Grant
D P Grant
S J Grant
Mrs A L Warner-McLoughlin
A S Grant

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Trust was set up by Trust Deed dated 11 September 2000.  The Trust
is registered with the Charity Commission under No 1084915

Recruitment and appointment of trustees

The Trustees seek to ensure that the needs of this group are
appropriately reflected through the diversity of the Trustee body.
New Trustees may be appointed by the Settlors during their lifetime,
or by the survivor of them during his or her lifetime.

Page 1

THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Risk management

The Trustees have examined the major risks that the Trust faces and confirm that
systems have been established so that the necessary steps can be taken to
lessen these risks.

Statement of Trustees' responsibilities

The charity's Trustees are responsible for the preparation of financial statements for
each financial year which give a true and fair view of the Trust's incoming resources
and application of resources during the year and of its state of affairs at the end of
the year.  In preparing those financial statements the Trustees should:

• select suitable accounting policies and then apply them consistently

• make judgements and estimates that are reasonable and prudent

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation

The Trustees are responsible for keeping proper accounting records which
disclose with reasonable accuracy at any time the financial position of the Trust
and enable them to ensure that the financial statements comply with the Charities
Act 2011.  They are also responsible for safeguarding the assets of the Trust and
hence for taking reasonable steps for the prevention and detection of fraud and
breaches of law and regulations.

OBJECTIVES AND ACTIVITIES

It is the policy of the Trust to make grants to institutions and individuals in
accordance with the objects of the Trust for charitable causes from funds
available for distribution.

The objects for which the charitable Trust was established are to:
 -Apply funds for such charitable purposes that the Trustees may from time to time
select.

• The advancement of the Christian faith in the UK or overseas.

- The advancement of education of children and young people, assisting with the
provision of help to socially disadvantaged children and young people
and assisting children and young people in financial need to receive support and
training.

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THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENTS AND PERFORMANCE

The Trust continues to provide support for those in need, in accordance
with its objects which are considered to be for the public benefit and will continue
to do so in the future.  The Trustees administer the funds directly.

FINANCIAL REVIEW

Principal funding sources

The majority of the funds are received from two of the Trustees.

Investment policy

The Trustees have power to deposit or invest funds in any lawful manner as they
shall in their absolute discretion think fit and having regard to the suitability of
the investments, the need for diversification and having taken advice from a
financial expert.

Reserves policy

The Trustees have established a policy whereby the unrestricted funds are not
committed and are sufficient to meet any ongoing donations of which the Trustees
are aware and to enable the trust to achieve its objective in the following year.
The Trustees review the reserves policy and the level of reserves from time to time.
The level of reserves held for the current period is £285 (2019: £11,530). The
Trustees consider that this level of reserves is appropriate and not excessive.

Public Benefit

The trustees have complied with their duty to have due regard to the guidance on public
benefit published by the Charity Commission in exercising their powers or duties.

FOR AND BEHALF OF THE TRUSTEES

…………………………………………………………
Mr G P GrantMrs C A Grant
23 June 2021

Page 3

THE GRANT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

I report on the accounts of the Charity for the year ended 31 December 2020,
which are set out on pages 5 to 8.

This report is made solely to the trustees, as a body, in accordance with
Section 145 of the Charities Act 2011.  My examination has been undertaken so
that I might state to the charity’s trustees those matters I am required to
state to them in an examiner’s report and for no other purpose.  To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone
other than the charity and the charity’s trustees as a body, for my work, for
this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.
The charity’s trustees consider that an audit is not required for this year
under section 144 of the Charities Act 2011 (the Act) and that an independent
examination is needed.

It is my responsibility to

• examine the accounts in accordance with section 145 of the Act;

• to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Act); and

• to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given
by the Charity Commissioners.  An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts
presented with those records.  It also includes consideration of any unusual
items or disclosures in the accounts, and the seeking of explanations from you
as trustees concerning any such matters.  The procedures undertaken do not
provide all the evidence that would be required in an audit and, consequently,
I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

• (1) which gives me reasonable cause to believe that, in any material respect, the requirements:

• to keep accounting records in accordance with s130 of the Act; and

• to prepare accounts which accord with the accounting records and

• comply with the accounting requirements of the Act

have not been met; or

• (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

C D Nash  ………  2021
Chartered Accountant
11 Longwood Lane
Amersham
Bucks
HP7 9EN Page 4

THE GRANT FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes INCOMING RESOURCES Voluntary income Gift aid giving donations Tax reclaimed Other donations TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable activities Grants paid/payable 5 Governance Costs Bank charges Accountancy fees TOTAL RESOURCES EXPENDED NET (OUTGOING)/INCOMING RESOURCES FOR THE YEAR BALANCE BROUGHT FORWARD AT 1 JANUARY 2020 BALANCE CARRIED FORWARD AT 31 DECEMBER 2020	£ £ £ £ - - - - 30,000 590,000 30,000 590,000 40,633 614,502 12 12 600 1,086 41,245 615,600 (11,245) (25,600) 11,530 37,130 £285 £11,530 2020 2019	£ £ £ £ - - - - 30,000 590,000 30,000 590,000 40,633 614,502 12 12 600 1,086 41,245 615,600 (11,245) (25,600) 11,530 37,130 £285 £11,530 2020 2019
		590,000 615,600
		(25,600) 37,130
		£11,530

Page 5

THE GRANT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2020

CURRENT ASSETS Debtors Community bank account LESS: LIABILITIES: Amounts falling due within one year Grants Payable/Pledged Accountancy Fees NET CURRENT ASSETS NET ASSETS Financed by: UNRESTRICTED GENERAL FUNDS	£ £ 30,000 13,885 43,885 43,000 600 43,600 285 £285 £285 2020	£ £ 30,000 13,885 43,885 43,000 600 43,600 285 £285 £285 2020	£ £ 50,000 29,430 79,430 67,000 900 67,900 11,530 £11,530 £11,530 2019	£ £ 50,000 29,430 79,430 67,000 900 67,900 11,530 £11,530 £11,530 2019
	43,885		79,430
	43,000 600		67,000 900
	43,600		67,900
		£285		£11,530
		£285		£11,530

Approved by the Board of Trustees on 23 June 2021 and signed
on its behalf by:

.........................
Mr G P Grant

.........................
Mrs C A Grant

Page 6

THE GRANT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

a Basis of accounting

The financial statements have been prepared under the historical cost
convention and in accordance with applicable accounting standards and
the Charities SORP.

b Income and expenditure

• i) Income has been accounted for on the basis of cash received, except for tax recoverable in respect of Gift Aid donations which is accounted for on an accruals basis.

• ii) Restricted funds are accounted for separately in the financial statements - there were no restricted funds during the year.

• iii) Expenditure is accounted for on an accruals basis, inclusive of VAT which cannot be recovered. Items directly attributable to the main objects of the trust are shown as charitable activities.

• c Tax status

The Trust is a registered charity and all the income has been agreed
as being charitable and therefore no UK taxation is payable.

• d Grants

Grants to individuals and institutions are accounted for when paid, or
when awarded (pledged), if that award creates a binding or constructive
obligation on the charity. There is no legal obligation to honour any
pledges.

e Funds accounting

Funds held by the charity are:

Unrestricted general funds  - these are funds which can be used in

accordance with the charitable objectives at the discretion of the
Trustees.

Designated funds  - these are funds set aside by the Trustees out of
unrestricted general funds for specific purposes or projects.
Restricted funds  - these are funds which can only be used for particular
purposes within the objectives of the charity.  Restrictions arise when
specified by the donor or when funds are raised for particular restricted
purposes.

2. TRUSTEES EXPENSES

No Trustee received any remuneration or expenses in the financial
period ended 31 December 2020 (2019: nil).

3. CAPITAL COMMITMENTS

There were no capital commitments at 31 December 2020 (2019: None)

4. CONTINGENT LIABILITIES

There were no contingent liabilities at 31 December 2020 (2019: None)

Page 7

THE GRANT FOUNDATION
NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020

5. ANALYSIS OF GRANTS MADE

Grants to Institutions:

Grants to Institutions:
Name of grantee Purpose/project Christian Aid Lebanon Crisis Hurricane Iota Syria Winterisation Other Institutions (grants of less than £5,000) Grants to Individuals: Total grants made	Separate Grants £ 5,000 2,000 1,000	Total Number of £ grants 8,000 3 32,533 35
		40,533 38 100 1
		£40,633 39

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