THE GRANT FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE GRANT FOUNDATION ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Trustees. Annual Report Audlt Report statement of Financial Actlvities statement of Cashflows Balance Sheet 8 - 10 Notes to the Accounts THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their report, together with the accounts of the Charity (Trust), for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE INFORMATION Charity registration number. 1084915 Registered offic& and operational address: Haddon House, 38 High Street Amersham, Bucks, HP7 ODJ The Trustees who served during the year and the previous 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 Governlng document The Trust was set up by Trust Deed dated 11 September 2000. The Trust is registered with the Charity Commission under Na 1084915. Recrultment and appolntment 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 thelr lifetlme, or by the survivor of them during his or her lifetime. Risk management The Trustees have examined the major risks that the Trust faces and Gonfirm that 8y8tems have been establlshed so that the necessary steps can be taken to lessen these risks. Statement of Trustees, responsibilities The charity's Trust&as 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 statemersts 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. Page 1 THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Ststement of Trustees, responsibilities continued The Trustees are responsible for keeping proper accounting records which disclose with reasonable acGuracy at any time the financial position of the Trust and enable them to ensure that Ihe financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust and henGe 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 distrlbution. The objects for which the charitable Trust was established are to.. - Apply funds for such charitable purposes as the Trustees may from time to time select. The advancement of the Christian falth in the UK or overseas. The advancement of education of children and young people, assisting with the provlsion of help to SQGially disadvantaged children and young people and assisting children and young people in financial need to rec8ive support and training. INDEPENDENT EXAMINATION OF THE FINANCIAL STATEMENTS In so far as the trustees are aware: There is no relevant information of which the Trust's independent examiner is unaware; and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant Information and to establish that the independent examiner is aware of that Information. 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 80 in the future. The Trustees administer the funds directly. FINANCIAL REVIEW Prlncipal fundlng sources The majority of the funds are received from The Entertainer Amersham Limited, a company of which four of the Trustees are directors and all the Trustees are shareholders. The charity does not raise funds from the general publlc. Investment pollGy 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 laken advice from a financial expert. Review of the year For 2024 there was a net outflow of £438,035 (2023.. £7,189) utilising a quantity of the £585,232 brought forward reserves (2023: £592,421). The reserves carried forward at the end of the year are £147,197 (2023.. £585,232). Page 2 THE GRANT FOUNDATION TRUSTEES ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 lo 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 £147,197 (2023: £585,232). The Trustees consider that this level of reserves is appropriate and not excessive. Public Benefit In exercising their powers or duties the trustees have complied with their duty to have due regard to th8 guidance on public benefit published by the Charity Commission. FOR AND ALF HE TRUSTEES MrGP rant Mrsc Grant October 2025 Page 3 THE GRANT FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts for the year ended 31 December 2024 which are set out on pages 1 to 10, This report Is made solely to the trusiees as a body in accordance with Section 145 of the Charities Act 2011 ('the Act.). My examination has been undertaken so that I mlght state to the charity's trustees Ihose matters l am required to state to them in an examineffs 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 rèsponslbllities of the trustees and the examlner The charity's trustees are responsible for the preparation of the accounts. The charlty's trLJStees consider that an aucllt Is not required for this year and that an independent examination is needed. It is my responsibility: to examine the accounts in accordance wlth section 145 of Ihe Act to follow the proc8dures laid down in the General Directions given by the Charity CommS8sion under section 145(5) of the Act. to state whether particular matters have Gome to my attention, Basig of Independent examIne￿8 report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examlnation includes a review of the accounting records kept by the charity and a comparison wilh those records of the accounts presented. It also includes conslderatlon of any unusual items or disclosur68 in the acccunts, and seeking explanations from you as trustees conceming 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 opinion as to whether the accounts present a 'true and fairf view and this report Is limlted to those matters set out in the slatement below. Independent exarnlnerfs 8tstement In the course Df my examinatlon, no matter has come to my attentlon: 1 which gives me reasonable cause to believe that, In any m8terSal respect, the requirements to keep accounting records in accordance with s130 of the Act and to prepare accounts which accord with the accounting records 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. Richard D Bolton FCA Heatherlea, Gorelands Lane, Chalfont St Giles, Bucklnghamshire. 110125 Page 4 THE GRANT FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOMING RESOURCES Voluntary income Gift aid giving donations Interest received Other donations 27,351 157,350 47,337 1,031,744 TOTAL INCOMING RESOURCES 184,701 1,079.081 RESOURCES EXPENDED Charltsblo activitie8 Grants paidlpayable 622,586 1,079,820 Govornance Costs Bank charges Audit fees 150 6,450 TOTAL RESOURCES EXPENDED 622,736 1 ,086,270 NET (OLrrGOING) RESOURCES FOR THE YEAR (438,035) (7,189) BALANCE BROUGHT FORWARD AT 1 JANUARY 2024 585,232 592,421 BALANCE CARRIED FORWARD AT 31 DECEMBER 2024 £147,197 £585,232 All income and expenditure for the current and prior year relates to unrestricted funds Page 5 THE GRANT FOUNDATION STATEMENT OF CASFt FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes CASH FLOWS FROM OPERATING ACTIVITIES Net cash (used) by operating actlvltles {527,536) (128.0761 CASH FLOWS FROM INVESTING ACTIVITIES Net cash provided by investing actlvities - interest 27,351 47,337 CASH FLOWS FROM FINANCING ACTIVITIES Net ¢a8h provided by l(repaid to) Related Party 1507,523 647,337 CHANGE IN CASH & EQUIVALENTS IN THE REPORTING PERIOD 6,738 (728,076) Cash & Cash equivalents at the beginning of the reporting period 645 728,721 Change in cash and cash equivalents due to exGhange rate movements CASH & EQUIVALENTS AT THE END OF THE REPORTING PERIOD 7,383 645 NOTE A: RECONCILIATION OF NET INCOME TO NET CASH FLOWS FROM OPERATING ACTIVITIES 2024 2023 Net outgoing resources for the reporting perlod (as per the statement of financlal activities) Adjustrnents for: N8t cash provided by investing interest {Increase)Idecrease in debtors Increasel(decrease) In creditor8 (438,035) {7,189) (27,351) {47,3371 {62,150) {73,550) Net cash provided by (used in) operating activities 527,536 128,076 NOTE B: ANALYSIS OF CASH and CASH EQUIVALENTS 2024 2023 Cash In hand Notice deposits (less than 3 months) Overdraft facility repayable on dernand 7,383 645 Total cash and cash equivalents £7,383 £645 Page 6 THE GRANT FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Nots8 CURRENT ASSETS Debtors Cash Deposits Community bank account 139,814 647,337 7,383 147,197 645 647,982 LESS: LIABILITIES - Amounts falllng due wlthln one year Grants PayablelPledged Audit Fees 50,000 12,750 62,750 NET CURRENT ASSETS 147,197 585,232 NET ASSETS £147,197 £585,232 Financed by: UNRESTRICTED GENERAL FUNDS £147,197 £585,232 On ofT b.e the financial statements were approved and authorised for issue by the Board slgned on its behalf by: Mr P Grant Mr8 C A Grant Page 7 THE GRANT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Basis of accounting The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless othe￿iSe stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounling and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 second edition issued in October 2019) and the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The trust constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared in sterllng pounds, the functlongr currency of the charity, with amounts rounded to the nearest pound. The trustees consider that there are no material uncertainties about the charity's ability lo continue as a going concern. There are no materfal uncertainties affecting the financial staternerrts. Income and expenditure l) Income ha8 been accounted for on the basis of cash reGeived, 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 recov8red. Items directly attributable to the main objects of the trust are shown ag charitable activities. Tax status The Trust Is a registered charity. All Income is applied to charitable causes and no UK taxation is due on income. 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. Funds accounting Funds held by the charity may be.. 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. Reslricted funds these are funds which can only be used for particular purposes within the objectives of the charity. Restriclions arise when specrfied by the donor or when funds are raised for particular restricted purposes. Page 8 THE GRANT FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES (contd) Crltlcal Accountlng Judgements & Key Sources of Estimation Uncertainty In preparing financial statements it is necessary to make certain judgements, estimations and assumptions that affect the amounts recognised in the financial statements. In the opinion of the trustees there are no judgements or estimat8s that have a significant effect on amounts r6cognised in the financial statements. g Debtors Short-term debtors are measured at transaction price, less any impalrrnent. Loans receivable are measured at fair value, net of transaction costs. h Cash at Bank and in Hand Cash at bank and In hand includes cash, bank current accounts and bank deposlt accounts with no withdrawal limitations. Creditors Creditors are recognls8d where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obllgation can be measured or estimated reliably. Creditors are recognised at their settlement amount. TRUSTEES EXPENSES No Trustee received any remuneration or expenses in the financial year ended 31 December 2024 (2023. nil). CAPITAL COMMITMENTS There were no capltal commitments at 31 December 2024 (2023,. None) CONTINGENT LIABILITIES There were no contingent liabilities at 31 December 2024 (2023: None) Pagé g THE GRANT FOUNDATION NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 Restore Hope Restore Hope is a local charity based in Latimer, Two of the charity's trustees are also trustees of Restore Hope. This charity paid it grants in 2024 of £300,000 (2023 £800,000). During the year, the charity continued its involvement with the ongoing project of Restore Hope. The project involves the acquisition of the former St John's Methodist Church in Amersham and the conversion of the premises into an active community hub supporting local charitable activities. Following 2023's £800,000 donation, in 2024 the charily made a further donation of £300,000 to the project. Related Party Transactlons During the year the charity received a donation of £157,350 (2023: £1,031,744) from The Entertainer Amersham Limited, a company of which four of th8 trustees are directors. No restriGtions were placed on the utilisation of these donations. During the year grants of £34,673 were made to One Life Leadershlp (2023., £15,200), charity which has one trustee in common with this Gharity. As in note 6 above, during the year a donation of £300,000 (2023: £800,000) was made to Restore Hope, a local charity which has two trustees in common with thls charity. At the year end, th8re was an amount due from The Entertainer Amersham Ltd together with accrued interest of £139,814 (2023.. £647,337). This loan is repayable on demand and carries a market rate of interest. The amount is included in Debtors in the balance sheet. Page 10