THE GRANT FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE GRANT FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Page Trustees. Annual Report 4 - 5 Audit Report Statement of Financial Activities Statement of Cashfiows Balance Sheet 9 - 12 Notes to the Accounts
THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report, together with Ihe accounts ol the Charity (Trust}, for the year ended 31 Decembèr 2023. REFERENCE AND ADMINISTRATIVE INFORMATION Charity reglstration number. 1084915 Re915tered office and operational address= Haddon Hou5ei 38 High Street Amersham, Bucks, HP7 ODJ The TStee5 who Served during the year are as follows:_ G P Grant C A Grant D P Grant S J Grant 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 re9lStered with the Charity Commisslon under No 1084915 Recwitment and appolntment of tntstee5 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 durin9 their lifetime, or by the suNivor of thèm during his or her lifetime. Page 1
THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Risk management The Trustees have examined the major risks that the fvu5t faces and confirm that Systems have been eslablished so that the necessary Steps can be taken to lessen the5p risks. statement of Tru5tee5' Tesponsibilitips The ¢hari*y's Tn4Stees are responsible for the prepaiation of financial statements for each financial year which give a truè and fair view of the Twst's in¢oming rèsources and application of resources durin9 the year and of its state of affairs at the end of the year. In preparlng those financial statements the Trustees should: select suitable accounting policies and then apply them consistently . makè judgements and e5tirnate5 that are reasonable and prudent prepare the financial Statements on the going concern basis unless it is inappropriate to presume that the TNst will Continue in operation The Trustees arv responsible lor keepin9 proper accounting records which disclose with reasonable accuracy at any tlme the linan¢ial position of thÈ Trust and enable them to ensurè that the financial staternents Comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and hence tor taking reasonable Steps for the prevention and detection of fraud and breaches of law and regulations. OBJECTIVES AND ACTIVITIES It 15 the policy of the Tst to make grant$ to institution5 and iodividuals in accordance with the objects ol the TSt for charitable causes from funds available for distribution. The object5 for which the charltable Trust was established are to: -Apply funds for such charitable purposes that the Trustees may from time to lime select. - The advancement of the Christian fallh in the UK or overseas. - The advancement of education of children and young people, assisting with the provision of help to socially disadvanta9ed children and youn9 people and 3&SlSting children and young people in financial need to receive support and training. Page 2
THE GRPJNT FOUNDATJON TRUSTEES ANMUAL REPORT {CONTINVEDI FOR THE YEAR ENDED 31 DECEMBER 2023 AUDIT OF THE FINANCIAL STATEMENTS In so far as the trustees are aware: There is nts relevgnt au41it inlorniation of whlch the charftable company's audltor is unaware: #nd the trustees hawè taken all steps that thcy ou9ht to have taken to make them5el¥es aware ol any Televant audlt informatiort and to establish thal the auditor is aware ol that infomialw ACHIEVEMENTS AND PERFORMANCE The Trnst contlnues to provide support for those in needi in accordance with its objects which aTe con5ideTed to be for the public benÈfJt and will continue to do so in the luture. The fw$t••s admlnister the funds direclly. FINANCIAL REVIEIV Prineipal funding sources The majorlty ol thv fund$ are recelved from The Entertainer Ampr5hsm Limitedi company thal foyr of the tru$tee5 are director5 al ard 211 the trustees are shareholdÈrs. The charity doe5 not raise fuTrd5 from the general publtc. Investment policy The Trustees have power to deposit or invest funds En any 134YFul rnarer as they shall in their ab501ute di5GTetion think fit and havlng regard to the sultability of the InveytmentS> the need lor divetslllcatlon attd having taken advice frorR rinanciaI pxpert. R•5er¥95 policy Th• Trust9•$ have •stablished a policy wheweby th• unrestricted lumls ar• not ¢ommltted and are >uifJ£ient to rneet any ongoing donat10 of whi¢h lhv Trusle¢s are aware and to enabje the trust to achlfrvo Itll objFrtivF in the fDllowiny year. Yhe Trustees revipw thp reserves policy and the level ol re5erve5 from t•me to tim•. Tho 1gvg1 ol Teserve5 held fr•r the current perlod 15 £58423212022 £592,421). The YNstees congider that thls level ol reserw*5 15 3ppYopriale and not èxeessive. Public Betjelil The ttustÈes have Complied with their dY to have reyard to the guidanGQ on publlc bonollt publlshed by the Charity Commlsslon ln exeiEi5111W their powers or dutie FOR A14D,B HAL F TNE TRVSTEES G P Grant Mrs C A Gèa'nt October 2024 Payp 3
THE GRAMf FOUNDATION INDEPENDENT AUDITOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Auditor's Report to the Trustees of The Grant Foundation Opinion We have audrted the financial statements of The Grant FoundatTron (the Trust'l for Ihe year ended 31 December 2023 which cornprise the Statement of Finarcial ActNrties, the Balare Sheet. the Ststement of Cash Flo and notes to the financial slatements, including signTrficanl aCCntIng pdicies. The financial reporttng framewortthat has been applied in their preparab.on Is applicable law and United Kingdom Accounbng Standards, irtluding Financial ReKorting Stsndard 102 The Financial Reporting Standard applicable In the UKand Rew14K of Ire1and{Unrtl Kingdom Generalty Accepted Accounting Practice). In our opinion the financial statement5." gThie a tnje and fair view ol the state of the Trusys affairs as at 31 December 2023. and of rts incoming resources and application of resources. induding its inconE and expendrture, for the year Ihen ended,. have been properfy prepared in accordance with Unrted "ngdn Generalty Accepted Accounting Practe., and have been prepared in Scudan tIE requirements of the Chariiies Act 2011. Basis for opinion We conducted our audrt in accordan vth Internati(al Standards Audiling (UK) {ISAs (UK)) and applicab law. Our responsibilities under those standards are fvrther desc[1b in the auditor responsibilitie5 for the audit of the financial slalemenls secb'on of our report We are independent of the Trusl in acCOrdae wrth the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethal Standard. anol we have ftiffilled our other ethi1 re5pons1iH'le5 in accordance wlh these requirements. We believe that the audit evidence have obtained is suffiaent and appropriate lo provide a basis for our opinion_ Conclusions relatlng lo going ¢oncem In audityng Ihe financtal staternents, we have conclude(J that the Tnjstees. use of ihe going concem basis of accounting in the preparation of the financial statements is apFKopriate. Based on the work we have perfomied, we have not Klentffied any matenal uncertaint5 relab.ng to events or conditions that, individualty or collectively. rnay cast signthcant doubt on the Trusys abilty lo o)nb"nue as a going concem for a penod of at least elve months from when the financial statements are aLrthorised for is$. Our responsibilities and Ihe responsibilities of the Trustees vAih reSpt to wing coeM are described in the relevant 5ectiDns of this report. Other inforniation The other irrformation comprises the information included in the Trustees, annual rep(xt, other than tt)e finanaal statements and our audrtorf5 report thereon. The Trustees are responsible for the other infomation. r opinion on the finanaal statements dc*s not cover the other infomiation and y do not express any form of assurance cortlu5ion thereon. Our responsi.1 is to read the other information and. in dcing so: ccfisiderffttherlhe other information is materially inconsistent wTLh the financial statements or our kno¥Medge obtained in the course of the auditor othewse appears to be materialty misstated. l! we enty such materlal IncLS1StencieS or apparent material misstatements, we are required lo detemine ether this gives nse to 2 material misstatement in the finarKial ststements themse$. If, based on the wod( V have performed, we conclude tt there is a material misstatement of this other information. we are required to report that frdct. We have nothing lo report in this regard. Matters on which are required to rewrt by excepti Vve have nothing lo report in respect of the fOll.ng matters in relati tothich the Charities (Accounts and ReKK)rtsl Regulations 2008 require us to rewrt lo you If, In our opinion.. the inft)tmatJon gNen in the Trustees. report is IrtC)nsist in any material respect wilh the financial statements., or sufficient accounts'ng records have not been kept., or the financial statements are rK)t in agreement with the accounting records.. or we have not received all the information and expL4nab'ons we require for our audiL Responsibilities of Trustees As explained more fulw in the TrLtstees' resSibIliti.es stalement set out on page 2. the Trustees are responsible for the preparation of the financial statements and foT beiThJ sabsfEd that they give a true and fair view. and for such intemal control as the Trustees determine is neTrssary to enable the prepar2tK)n of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Ttee$ are ponsiblefOr asse&sing the Trusys ability lo continue a5 a going COnM, disclosing, as applicable, matters related lo going concern and usiNJ the going Coern basis of accounting unless the Trust&s either intend to liquidate the Twst C to cease operations. or have no realistic altemative but to do so. Auditor SpOnsibl11beS for the audit of the financial slatements We have been appointed as auditor under section 144 of the Clwities Act 2011 and [Xt in alr0rdan with the Act and relevant iegulalions made or having effect thereunder.
Our obiectNes are to obtain reasonab assurance abJut whether the financial statements as a whole are free from material mis518temenl, whether due to fraud or etTor. and lo issue an audrtor's reFort that includes our onion. Reasonable assurance is a high level of assuran, bul is rtDI a guaranlee that an audr( conduded in attCdar th ISAS IUKI w711 always delecl a matenal misslatementwhen it exists. MIsstateTts can anse fr¢)m fraud or emr and are considered material rf, individualw or in the aggregate, they could rea8onably be expected to inlluence the econom deasK)ns of user5 tsken on the basis of these financi21 ststemenls. Irregulartties. including fraud, are instances of non-compliance wrth laws arKI regulations. We design pr(edureS in line wrth our responsibilities, OLrtlined above. to detect material misstatemerts in respect of irregularities. including fraud. The extent lo which our prccedures are capable of detecting Kregulariks. Ir1lng fraud is detailed bel.. We obtained an undetand1j of thè 1 arKI regulalory trarrEworks applK3bk lo the Trust the sector in whth rt operates. We detemiined that the following laws regulatK)ns wwe st nIant Chants AL# 2011. UK GAAP ar the Dala ProteLlion Act. We obtained an understanding of how theTrust are (rymptylr wth iIM)se legal and reguLgtory framewoTks and me eNuiries to thè management ol known or suspeded instsnTrs offra1 atKI n0n-ccnwHn wth L¥N5 arKI ryulath)ns. We Corrob0red our enquine5 through our rEVEW oftsjard minutes. otrEr meeling minutes and rexv ofcurespOThlen wlh wulatory b1$ We asssed tIE suscepbbty of Ihe Tnjsfs fjnanaal stAtanIS to mkn.al misstatement induding h¢)w fraud mwJhl (tcui. Audrft procedures FErfomied by the audit team irclud&J. Identifying aThY assessing the contro& managlEnt has in Pla to prevent and detect tra.. Understanding howlhose chargÉfJ with Van consKred aThJ addressed trE potential foroverr& ol controLs or ottEr inapprrprate irfuertt over fIrn3r1 rewlirKJ EX(XXS. Challenging assumptn5 and juthJnnts made by man&JenEnt in rtsstgnthcant account.ng esb"mates arKI juthJments, Identsfy and te¥b"ng iwrnal entr. In patiwlarjoumal ent wilh w)uwal aaUnte0Mb1naonS'. and Assessing Ihe extent ofccrfnFAiancevrith the rean1 Paws and regubthons. Because of the inherent limitatnS of an audit, there is a risk that we Trhill not delect all irregulatitie5, induding those leading to material misstatement in tre financial slatenEnts 0rnon-comlanwlth regulation. ThL8 risk increases the more Ihatcompliance wrth a law or regulation is removed from the events and transactions reflected in the financwl stslements, as we wll be less like tD become aware of instances of non<omp1ian. The risk L8 also greater regarding IeguLnI1es occumng due to fraud rather than error, as fraud involves intenlional contsalMt. forgery, collusH)n. omissi( misrepresentab'on. A fvrther description of our responsibilitS is available on the FRC'S eb$rte at.. h s I.fre. .uklaudrtorslaudrt- assuran-elaudilcr-s-res onsibilrties for-th&audil-Of-Ihe-fde$(¥ tK)n-of-th&audrtotrknE2 /0809/099s onsibilrties-for.This description fcyms part of our audf((K's report. Use of our report This report is made solely lo the TTUStees, as 2 . in with Part 4 of the Charrties (Accounts and Reports} Regulations 2008. Our audtt Wotk has been undertaken so that rnht stale to the Trustees those matters we are reouired to slate to them in an auditorfs report and for no other purpose. To the fvllest extent pwmrtted by law, we do not accept or assume responsibilty lo anyone other than the Trust and ts Trustees as a dy. for rxjr audlt worl forthis report. cf for the opinions we have fonred. Bianca PemMI FCA (Senior Statutcry Athif(o¢ for and on behaw of Dux Advisory Limited Kennel Club House Gatehouse Way Aylesbury Buckinghamshire HP198DB Date.. 3111012024
THE GRANT FOVNDATIOM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEhlBER 2023 21)23 2022 Notes INCOMING RESOURCES Voluntary Income Gilt aid givIHg doD#tions Intevest received 47,337 1,Q33,147 Othey dor•alion5 1,2QO,OQO TOTAL INCOMING RESOURCES I.D80.484 1,2110,000 RESOURCES EXPENOED Charlt•ble actlvltles Gr•nls paidlpayHbl 1,081,223 629.009 Governance Costs Bank ¢hxrges Audit l¢es 6,45D 6,300 TOTAL RESOURCES EXPENDED 1,087,673 63S.309 NET IMCOMINGIIOUTGOING) ResouR¢ES FOR THE YEAR 17,1891 564.691 ALANCE BROUGHT FORYIARD AT 1 JANUARY 2023 BALANCE CARRIED FORVIARD AT 31 DECEMBER 2023 59ZA21 27,730 £585,232 £592.421 All Incon and expanditre for the prlor yeaf re12te to unr•slricted lunds Pag• 6
THE GRANT FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDEO 31 DECEMBER 2023 2023 2022 Notes CASH FLQY45 FROM OPERATING ACTIVITIES Net ¢a5h provided by operating aGtivitle$ {775,4131 680,991 CASH FLOWS FROM INVESTING ACTIVITIES Net cash pro¥•ded by iDvestiny actl¥itie5- interest 47,337 CASH FLOVIS FROM FINANGING ACTIVITIES Net cash provided by llnancing activities CHANGE IN CASH & EQUIVALE14T5 IN THE REPORTING PERIOD Cash & Ga$h •ql¥alenIs al the bo91nlg of the repOrtg perlod Change In cash and cash equivalents due to exchange rate MfbV•m•nt$ 1728.076) 680,991 728,721 47.730 CASH & EQUIVALENTS AT THE END OF THE REPORTING PERIOD £645 £728,721 NOTE A RECONCILIATION OF NET INCOl•lE TO NET CASH FLOV• FROM OPERATING ACTIVITIES 2023 2022 Net income for the reportjRV perlod las per tho stlem•nl of flnanclal ctivitivs} Adjustments for: Net Ga$h pwovided by ihvesling - intewe5t IlncreasÈ}Idecrease in debtors Incre3501ld•crea5e) In croditows {7,1B91 564.691 147.3371 {647,3371 173,5501 116,300 Net Cash Provided by Iu5ed inl operatlD9 ¥ctivities -£775,413 £680,991 NOTE B ANALYSIS OF CASH and CASH EQUIVALENTS 2023 2022 Cash in hand 645 72B,721 NotlGe Deposits Il¥ss than 3 mtshths) Overdraft facility repayable on demA•d Total cash and cash e4wlvalents £645 £728,721 Page 7
THE GRANT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes CURRENT ASSETS Debtors 647,337 Cash Deposits Cornmunlty bank a¢¢oun* 645 728,721 728,721 647.982 LESS: LIABILITIES: Amounts fallln9 due within one year Grants PayablelPlgdged Audit Fees 50.000 12,750 6&750 130,000 6,300 136,30 NET CURRENT ASSETS 585,232 592,42Y NET ASSETS £585,232 £592,421 Financed by: VNRESTRICTED GENERAL FUNDS £SaS.232 £SY2,421 Approved by t onlts ol Trustees On3 October 2024 and slyned Mr G P Grant Mr5 C A Grant Pa9e 8
THE GRANT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED31 DECEMBER 2023 ACCOUNTING POLICIES Basis of accounting The financial stat9rnents have been prepared in accordance with the stal&menl of Recommended Pr2ctice.' Accounting and Reporting by charilies preparirig their accounts in aG¢ord3ll¢e with the Financial Rèporting SIAndard applicable in the UK arKI Republic of Ireland IFRS 102} issued in October 2Q19 and the Charities Act 2011 and UK Generally Accspted Ptactice a5 It applie5 fram 1 January 2019. The ac¢ounts have been ppad ro give a Irue and fairf view and have departed f..om Ihe ChaTilies {Accourrts and Reports) Regulations 2008 only to the extent requirect for provide a 'ttue and fairf vtew_ This deparfure has involved rollowing AOuntIng ard Reportin9 by ch8r,.ties preFaiing their accounts tn a¢cordanne with the Finanaal Reporting Star,dard applicable in the UK and Republic Df Ireland {FRS 1021 issued in OcLober 2019 ratherthaL the Accounting and Reporting by charities: Statement of Recornmgnded Practice effective from 1 April 2025 which has sinc8 b8en wtthdrawn. The trust constitues a public benefit entity as defined by FRS 102. The acGounls have beerT prepared in SlorliTrJ. is the functional cuirency ofthe charity. Ll'ith amot5 rounded to the nearest pcund. The trustees Gonsidei thzt there are no material Lncertainties abouL the charitv's ability to contsnLJe as a going Concern. Ther*3 are no malerial uncertainties affecting the current year'5 aGts. Income and expenditure il Incomè has ieen aceounted for on the basis of cash received, except for tax recoverable in respect of Gift Aid dc)nalions which accounted for on an accruals basis. ii) Reslricled funds dre aBctsunted foT 5eparalely in the financial slalernenls- there were no restricfed funds during the year. iiil Expenditure is accountetl for on an accruals basis, inclusive of VAT ivhich cannot be recovered. Items diroctly attributable to the main objects of tk.e trust are shcwin as charitable activttie5. Tax status The TrJst is 3 rggi%tered ch31ity and all the income has bèèn 89reed as bein9 ch8ritable and thetefoie no UK taxation is payable_ Grants Grants to individuals and institutions are accounted for when Paid, or when awarded (pledged), if that award creates a bindi1 or conslructivÈ obligation on the charity. TheTe is no legal obliaalion to honoJr ar,y pledges. Page 9
THE GRANT FOUNDATIOM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Icont'd Funds accounting Funds held by the charity are.. Unresfricledgei7er81 funds - th8s& are iLJnds vvtr,ich can be ¢Jsed in accordance with thè Critable objectives al the discretion of the Trustees. Designated fur,ds - these are lunds sel aside by the Trustees out of unreslricteo general fu.d5 for specific purposes or projects. RestriGted funds these are fLJnds which cJn only be used for particular purposes vi.'Ihin the objectives ol the charily. Restrictions ar;"se when specified by the dancr 01 when fund5 are iais8d for particilar reslricled purpDses. Critical AGGounting Judgen7ent5 & Key Sovrces of Estimation Uncertainty In preparing financial slalements it is necessary to make col8!n jud9ements, ostirrL21i(Jns and assumptions tyat affect the amounts reccgnised in tpie rnancial slatenents. In the opinion of '.ne trustees t.iere are llo judgements or è5b"m8les Ihat have a signifibanl effeel amounts recognised in th9 fitTrancial statements. In the opinv)n of the trustees there a.'e no judcements Dabtors Skiort-lerm debtors are measured at transaction price. less any impaim)ent. LDans recèivable are measured ai fair value. net of iransactio.I cosls. h Cash at Bank and In Hand Casxi at bank and In hand includes ca¢h, bank current 3ccounls and bank depusit 3ccounls with no withdrawal limi Itations. CTeditors cred.tors are iecoqnised where the Charity ha5 a kresent obligation res*Jlting fiom a p251 event that will result in the transfer of lun05 1¢ a tb.ird party and thp amount due to settle the obligation can be measured or estimated reliably. Creditors are recogned at their settlement amount. TRUSTEES EXPENSES No Trustee received any remuneration or expenses in the financial period ended 31 Oecembèi 2023 12022: nill. CAPITAL CONIMITMENTS Thère were no capital commitments al 31 DecembEr 202312022.. None) CONTINGENT LIABILITIES There were ryo contingent liabilitie5 al 31 Dember 202312022. None) Page 10
T•IE GRANT FOUNDATION NDTES TO TIIE ACCOVNTS (CONYINUED FOR THE YEAR ENDED 31 DECEMOER 2U23 AMALVS15 OF GRANTS MADE 2023 Z023 2D22 2022 GitS to lttslitutian$- S&p3Yal Grants N¥mbpT DI Number4f Name wf gTant• 9tartts uralS FamSJy chfiD swport kn BUCKS 800.000 20,722 20,OQ 20.000 20,DDO 20.000 15.200 CDnneGtcd L5vt Family telatiShIP 140 l(nlv•4 Cwpi9Th Suppvrt IDf the low support with xdditioryal nEeds Support fot chlldT4 Leadthlp Trattslry- P•oyl hl•J%a9• Trust 25,1)DO TraThifomlrf¥ Ll¥es lot Gtsl 15,000 1qOIXI The Salvatlon Army Isooo Rtv Barry Kl$3ell MedV ¢lergy Fthiiy SuppDrt 11.520 10,0(bO 10.OOD Z6,763 so,ooo EV9¢1{¢•1 mS8s5on yvuth lffimpTrent happ5e Aod J¢ll.h¢l IK guclLlrt9hamshlr laye 10,000 fj4)$P rniSSiOA to childwq DevtlDpJM•nt uf rC¥vtdlng PregThincy suppport acr•ss UX WildfvWÈS- larlY yDUth TEliiilU% 10.DDri WavrJty Abby TFMSt PrEBnJncy Centrres 7 Prayor 6,000 Central s.000 5.000 Tr10sPK Chrlslban Ald 150.000 loo,000 55MO 25.orrtl 25,000 20,000 11.054 10,000 DEC AWanS6tar App•al Itodld Dxhl'b ¢hlOr•ns- Ch¥ t4uwS• FundKng Epllp$y * Ul•od Btitl&h Rd CtOE EtThwl Yl•ll vl ADSeTed P¥•ye L•mbpth Trust GI15t1 Symtpoa AV¢hbithtiP of Cairttrb Pr•Je6fS ¢hildr DovoFopm•iE Ik Érnppwarfflnt AfytMrtlBth¥ & 8ttgfAd Appea15 SuppDrt lorThos• with D15abS1Stles ¢b¥ls16•n hy1try Prolttls ChriStIArt AJ41 Empllly3blE 10,ODO New WIDE Trust 10.000 IlttlLèf Ilx North Support o,ooo 1Q.ODD 5.5QD s.ooo 5,OQO WeedDn AknshDu5es Jllmshouses Bui1thffl9 RtpaDrs Ovch•$tra Klngs Chamber Or¢hestr ChEpr Mist Supptsrt DiS•g¥•NtWJEd CtrAldrÈ Support for knlliEs Cri5[ sale 7QTAL f,111304Z 18 578,317 20 Other In5titutlON6 19raKl& £S.•001 67,702 1W81324 36 SU,SY2 fj2Y,1109 40 54 60 Toial yrnts madE £1,081,224 E629,009 OUTSTANDING COMMITMÉNTS TO CHAR17JES AT Tme YEAR END At Iho •nd. th• ¢harfty h¥s thr fgllvviing ¢vmrnl¢mewJls t• lrtdivldual Gharitie Tharnes Hospi¢e £50.000 12022.. £100,000). Olhtr Gomm¥lMtnis at 31 D¢vmber 202Z: Roald Oahl's IlanToTJoys ¢ttjldryns' Charlty £25.000- Archbishop-s Communlcatlcln Funo £2.SOts) Pa9È 11
THE GRANT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Restore Hope Restore Hope is a local charity based ir.. Lab"mer. Two of the charity's trustees are also trLtslees of Restore Hnpe. During the year. the charity cjmmitted to being the m2in funder for a p", oject of Restore Hope. The project involves the acquisition of the frjrmer Si John's Meihodis:. Church in Amei sham and the convereion of the premises into an acttve community hub supporting local charitable aclivilies. At the year-end. the charity had paid £800:000 in relat on to this project and it recognises a further commitment of £700,000 which iyill be inclJded in the 2024 donations. Further donations will probably be made in relab.on lo the redevcloprnent of the site. Related Party Transactions During the year the charity rèceived £1.031.74412022.. £1.200,JOO) from The EnlerAP iner Amershatn Limited. a company of which four or the trustees are directors. No rÈslrlctions were placed on the utilisalion of these th)natiDns. During the year grants of £15.200 were made lo One Life Leadership (2022.- £15.000). a charity whictr. has one trustee Gommon with this charity. As in note 6 above. during the year a donation of £800.000 M'as made to Restore Hope, a local charity which has two trustees in common with this charity- Ai the year end, there w2s an amount due from Tho Entertainer Amersham Llo of £600.000. together with accrued interest. This loan is repajiable on dernand and carrie5 a Tnarket rate of interest. The amoLJnt is included in Detriors in the balance 5heeL Page 12