Charity registration number 1096632 (England and Wales}
Company registration number 4626536
THE GRAIN HOUSE TRUST
ANNUAL REPORT AND AUDITED CONSOLIDATED FINANCIAL
STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE GRAIN HOUSE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustses
Mr C M Ellis {Chair)
Mr G Bland
Mrs S Mills
MrsA Diarra
Mr P Haddow
Mr A Lawrence
Secretary
Mr C Burrell
Senlor management
MrA C Lawren
Senior Pastor
Charity number (England and Wales)
1096632
Company number
4626536
Registered offlGe
Alton Maltings Centre
Maltings Close
Alton
Hampshire
GU34 1 DT
Auditor
Frances Wilde FCCA DChA
Warner Wilde
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Bankers
Co-operative Bank PLC - Manchester
1 Balloon Streel
Manchester
M60 4EP

THE GRAIN HOUSE TRUST
CONTENTS
Page
Trustees, report
Statement of truslees, responsibililies
Independent auditor's report
9-11
Consolidated slalement of financial activities
12-13
Consolidated balance sheet
14
Balance sheet
16
Consolidated statement of cash flows
16
Notes to the financial statements
17-30

THE GRAIN HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees present their annual report and consolidated financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charty's governing document, the Companies Act 2006, FRS 102 "The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP Accounting
and Reporting by Charities- Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}"
Objectives and actlvities
The charity's objects are to advance the Christian faith in accordance with the Statement of beliefs appearing in the
Schedule to the Memorandum of the Trust,. to relieve persons in conditions of need or hardship or who are aged,
infirm or sick,. to promote and fulfil such other Gharilable purposes as the trustees think fil,. such objectives a5 would
be beneficial to the Community in Alton, the United Kingdom and the world. The trustees confirm that they have
referred to the guidan￿ ¢onlained in the Charity Commission's general guidance on public benefit when reviewing
the Trust'5 aims and objedives and in planning future activities.
Aims, Objectives, Strategles and Activities for the year.
The aim of The Grain House Trusl is to communicate the gospel of Jesus Christ through the minislry of Harvest
Church Atton by demonstrating his love within the Community.
Objectives:
Finance - The key objective of The Grain House Trust continues to be to ensure good financial resourcing lo run
Harvest Church effectively. and to provide on90ing maintenance of the Alton Maltings.
People - To play an active parl in our local community by offering our current projeds and services at the Alton
Maltings or by going out into the local community and offering them there.
Assets To increase the use of Alton Mallings by Harvest Church, Ihe community, and outside agencies through
the Alton Maltings Centre Community Interest Company (AMCCIC).
Stratsgies:
Finance
Most of the funding for the trust continues to be the generous giving by the members and supporters of Harvest
Church. Non-charitable trading continues to be managed by the AMCCIC that manages Alton Maltings under a
licence agreement. running conferencing, room hire and catering.
People
The leadership focus is to equip, empower and release each person to see Ihe kingdom of God expressed in and
through each of our lives. We do this through creating multiple opportunities for people to re¢eive training via our
Sunday meetings, being part of our Life and interest groups, being part of other ministry leams and one-off specific
training opportunities. The leadership also provides encouragement for interaction in the community, be it in Alton or
further afield.
Assets
For the major asset, Alton Maltings, to become more recognised as a community venue which can be widely used,
be it by Harvest Church or those in Alton and the surrounding area. Alton Maltings is promoted intemally and
externally so that it is used as frequently as possible by the church, groups, and individuals.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
charity should undertake.

THE GRAIN HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
CHARITABLE ACTIVITIES AND ACHIEVEMENTS
2023-24 has been another year of notable change for the trust, including..
1. We have continued to welcome many new people into the church family seeing approximately thirty people
coming through our Exploring Membership course. Many of Ihese new folk have moved lo Atton from overseas and
sometimes struggle to adjust to life in the UK. Around hundred adults and children meet on a typical Sunday
however we are in touch with close to three hundred over the course of a typiGal month.
2. We have added to our staff team a Part- time Children's and Families Ministry Leader. They started in Jan 2024
and have already made a significant difference to The Source our Sunday ministry, bringing clarity and resources to
what were overslrelched teams. Our children's work has not only been strengthened but also grown to around
Thirty five children. This also reflects the healthy increase in the number of families with young children who are
now a part of us. The Source does however require more volunteer leaders and helpers to ac￿MModate current
growih and create a stronger foundation for future.
3. 2023-24 was a very significant year for us as we were able to fully repay the mortgage on Alton Maltings. The
removal of this regular expense gives the trustees the opportunity to explore ways of developing the work of the
trust by deploying resource elsewhere, including the possibility of adding a second full-time elder to the staff. We
asked people who regularly gave to the building fund to consider moving their gift to our General Fund. This
combined with the growth of our church family has resulted in a £3,500 per month increase in our General Fund
giving. Vvhile the increased revenue is most welcome. we are also conscious the impact of increases in costs due to
new energy contracts and potential costs on a building which we have occupied for nearly 20 years.
4. The significant increase in energy costs combined with clearing our mortgage have also prompted us to explore
the installation of Pholo Voltaic panels on the back roof of Alton Maltings. The anticipated cost is more than
£65,000. We have started to apply for grants to help with Ihe cost. We expect there to be significant cost benefits
should we proceed. which could reduce our general running costs of Alton Maltings by more than £5.000 per year.
5. During this last year we have also Celebrated 2 important anniversaries, the 75th of Harvest Church starting to
gather (initially called Alton Evangelical Free Church) and the 10th anniversary of starting Christians Against Poverty
in Alton, which has recently seen its 1 Oolh household become debt free. A wonderful achievement in helping address
poverty in Alton. Additionally, we have relaunched Ihe Cap Money Course to help people budget well. We have and
support several other ministries which help those struggling with isolation & poverty. This area has particularly come
into focus as those joining us from overseas often experience poverty due lo the high costs of living in the UK
especially the costs of renting homes in relation to Iheir income. We conlinue to support cross town initiatives such
as Food Bank and ADCRF (Alton and District Community Relief Foundation)
6. We have had the privilege of baplising six people in this last year, a refFection of the ongoing hard work of a small
team running Alpha courses across our churches in Alton. There appears to be a growing desire from people to find
out more about Jesus and explore their spirituality.
7. Sending in Aug 2023 Nathan Silvester and his family to North Carolina USA to train with our wider family of
churches was another important milestone for us as we have started to intentionally re-engage in international
Mission, beyond what we have been doing in supporting projecls in Uganda. The loss of one of Iwo full time elders
has however left the eldership team slrelched and so far, our plans to raise up and idenlify further elders have not
borne fruit. Strengthening the eldership team is a high priority for us.

THE GRAIN HOUSE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED
FOR THE YEAR ENDED 30 JUNE 2024
8. We continue to see helping people grow in their relalionship with God as a key activity. To this end our
Discipleship Triplets have continued to grow organically with six triplets now running and with positive results. We
will continue to invest in these and expect to see consistent growth in this fomi of discipleship.
9. We also encourage the church to prioritise involvement in Life Groups and with approximately 160 aduMs involved
in them. We have started a special Life Group focused around helping internationals lo settle and had our first
Intemational Sunday in August 2023 where we could identify over twenty different nations represented.
10. Our deacons continue to carry key areas of responsibilty well and have grown in their roles as well as helping
the elders reflecl on key issues and derisions. We anticipate recognising more deacons in the year ahead for some
key areas of responsibility.
Any organisation is only as effective as the people involved in it. We have excellent staff, voluntary leaders and
members covering so many areas of our church's life. We are so grateful for Iheir wholehearted support and
devotion lo Ihe Harvest Church family and our vision lo impact Alton and our District.
Regular Activities
Life Groups. Continue to be the key for the life of Ha￿e$l Church providing pastoral care, friendship, fellowship,
Bible study, prayer, and practical support.
Youth Life Group for those in school year 10-13.
Interest Groups for a variety of interest aclivilies where lik&minded people can meet.
The Source Work with children and young people to School year 9.
Alpha. we ran an Alpha course with other churches in Alton. the course explains and explores the Christian
message. The ¢outse consisls of 10 or 11 sessions.
Stepping Stones Toddler Groups. The church runs two groups for pre-school children and their carers.
Llghthouse is a group for adulls from 18 years onwards who have learning difficullies.
One Way is a group that tries to cross the barrier to people in the Gommunity who may be isolated, for reasons suth
as physical or mental health issues, addictions, or homelessness.
Fresh Start supporting people find freedom from lrfe controlling habits.
Christians Agalnst Poverty ICAP) - CAP Debt Help SeNlce, and CAP Job Club. We continue to support CAP
with the various ministries.
Alton Food Bank (Alton Chrislian Care Ltd.) The church continues to adively support the Food Bank. 11 provides
dedicated warehouse space to store 3000Kg of food with its own enlrance in which the food bank checks and was
able to distribute 28,OOOkg of food donations during the year.

THE GRAIN HOUSE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Alton & District Community Relief Foundation (ADCRF) This is a joint project involving Harvest Church & other
local churches, Alton Lions, Rotary Club, CAB. ADCRF aims to provide aid and assistance to individuals primarily as
well as groupslorganisations and help with the relief of poverty in Alton and the surround areas. Where possible
ADCRF aims to collaborate with other local charities, service organisations and funding sources to promote a
joined-up response and to maximise impact and good practice to support those in need.
Lettings to outside parties managed through Alton Mallings Cenlre Community Interest Company (AMC CIC).
Users range from personal customers for parties and wedding receplions and small community groups to public
sector clients such as Hampshire County Council, the NHS, and Police Authorities. In addition. local and national
businesses have made use of the facilities.
Voluntsers
Volunteers continue to be essential lo the Trust's operation, providing resources to run the Church and Community
aclivities. We have over a hundred volunteers commttted to regulady support our Sunday gatherings many on a rota
basis.
We also have,
15 Life and 9 Interest groups, involving forty-five volunteer leaders. These groups are open for all to attend
They are a wonderful way of connecting wilh us.
2 Pastoral Groups- Discipleship, Long & Short-term care, and support, involving 12 volunteers.
A further fifty-five volunteers assist mid-week to facilitate community activities such as Stepping Stones as
well as Bereavement Journey, One Way, Lighthouse, Seminars & CAP
Fifty-eight percent of those regularly attending Harvest Church, of all ages, volunteer to serve one way or another
throughout the year across a full range of activities.
Factors affecting the Achievement of Objectives
1.Whilst the giving of those who are part of Harvest Church has kept pace with our regular financial commitments,
we may find that the current economic situation and cosl of living challenges may affect people's ability to contribute
financially during the year ahead.
2.The numerous groups and activities that the charity supports are dependent on members of the churth
volunteering their time and energy. We are delighted that significant numbers of people regularly volunteer from a
few hoLtrs to a few days a week to fulfil the activities of the trust. Further expansion of those activities is limited by
the availability of additional volunteers and the Irust is actively seeking people who feel they could contribute to the
mission of the trusl.
3.The Alton Maltings is important for many local organizations who host their aclivities in the building. To support
them the building is staffed Monday to Friday and ofien Saturday from 8am to 10pm. This requires a team of trained
staff who can look after visitors lo the Alton Maltings. Recruiting, training. and retaining of the slaff team impacts on
the running of the charity.

THE GRAIN HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Financial review
The truslees report income for the year of £526,58812023 £500,953). Of this £135,795 (2023 £116,560) related to
Alton Malting5 Centre Community Inlerest Company and £135,795 (2023 £116,560) related to project restricted
activities.
There was net income of £84.442 (2023 £90,901) in the year, induding a profit of £21,665 {2023 £13,639) made by
A￿On Maltings Centre Community Interest Company.
Reserves Pollcy
The trustees have reviewed and approved the church's policy for its funds developed over many years. The
General Fund demonstrates Ihe generosity and support of those attending the Church and is operated with a
balance of at leasl one month's cash flow. The restricted funds are held in inlerest earning accounts permitting
these reserves to be available for the purpose for which they were given. At the end of the year, the group's
reserves can be summarised as follows.. -
Reslricled Funds
Invested in fixed assets
Other funds held on short term basis
730,510
218,422
948.932
Designated funds
Alton Mallings Centre CIC net assets
other funds held on short term basis
General fvnds
Invested in fixed assets
Free reserves
2,427,047
(31,244)
2,395,803
3,344,735
Total reserves
Reserves policy
It is the policy of the charily that unrestricted funds which have not been designated for a specrfic use should be
maintained at a level equivalent lo beMeen three and six month's expenditurè. The trustees consider that reserves
al Ihis level will ensure that. in the event of a significant drop in funding, they will be able to continue the charity's
currenl activilies while consideration is given to ways in which additional funds may be raised. This level of rese￿eS
has been maintained throughout the year.
Principal funding sources
The overwhelming majority of funding came through voluntary donations from those committed to the Church.
Contributions were also received from the Alton Mallings Centre Community Interest Company.
Major risks
Trustees have assessed the major risks to which the charity is exposed and have pul in place procedures and
syslems lo mitigate these risks. The highest potential risks identified in May 2021 that would have Ihe biggest
impact were:
Issues following the Pandemic.
Public disorder or offences committed in or around Maltings
Significant reduction in income, from eilher AMC CIC activities or giving.

THE GRAIN HOUSE TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
HARVEST CHURCH FUTURE PLANS 202412025
Increase lrfe Groups by five
Recognise further elders, ideally Imo more and Add 1 fulktime elder to the team.
Recognise and appoint more Deacons.
We expect to start work towards the possible launch of a North Alton church community in Sept 2025
We need to continue to strengthen our The Source and Youth teams.
Help each person who is part of our harvesl Church family go grow into deeper relationships with God and
to be able to share these with those who do not yel know Him.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity is a company limited by guaranlee and wa5 fomied on 31st December 2002. It is governed by its
Memorandum and Article5 of Association as amended on 28th June 2004. 19th June 2006, and 15th December
2013.
Trustees
Trustees are proposed and elected by the members of the charity (who are currenlly the serving elders of Harvest
Church in Alton) al any general meeting. The minimum number of trustees shall be three. Trustees serve for a
period of three years and retire by rolation at every annual general meeting.
Newly appointed trustees are provided with a comprehensive induction to the oharity through provision of training
courses and mentoring by established trustees.
Oryanisational Structure
Overall control of the charity rests with the Trustee Board. Trustees meet most months and delegate day-to-day
organisational management of the Alton Maltings to the Alton Maltings Management through the Allon Maltings
Centre Community Inlerest Company. Policies and procedures are regularly reviewed, and changes made to ensure
that they are in step with current and proposed stralegies. The skills base of the trustees is a150 reviewed, and
training provided both externally and internally as required.
The trustees, who are also the directors for the purpose of company law. and who served during the year and up to
the dale of signature of the financial statements were..
Mr C M Ellis {Chair)
Mr G Bland
Mrs S Mills
Mrs A Diarra
Mr P Haddow
Mr A Lawrence
Alton Maltings Centre Community Intsrest Company
Alton Mallings Centre Community Interest Company has operaled the activities of the charity's freehold property-
The Alton Mallings Centre since 1 July 2007. The company is a Community Interest Company, limited by guarantee
and registered in England & Wales No. 6258001. The charity has dominant conlrol over ils subsidiary by virtue of
the fact that most of ils members are either the charity's trustees or ils members.
Audltor
In accordance with the company's articles, a resolution proposing that Frances Wilde FCCA DChA be reappointed
a5 auditor of the company will be put at a General Meeting.

THE GRAIN HOUSE TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
The trustees, report was approved by the Board of Trustees.
Mr C M Ellis (Chair)
Trustee
Date..
fry /kn2<

THE GRAIN HOUSE TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2024
The tnjstees, who are also the directors of The Grain House Trust for the purpose of company law. are responsible
for preparing the Trustees, Report and the consolidated financial statements in accordance with applicable law and
United Kingdom Accounting Standards {United Kingdom Generally A¢cepled Accounting Praclice).
Company law requires the Irustees to prepare financial slatements for each financial year which give a true and fair
view of the state of affairs of the charity and the group and of the incoming resoUr￿S and application of resources,
including the income and expenditure, of the charitable company for that year.
In preparing these financial statements. the trustees are required to:
select suitable accounting policies and then apply them consislently.,
observe the methods and principles in the Charities SORP..
make judgemen15 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., and
prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that the charity
will continue in operalion.
The trustees are responsible for keepin9 adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial slatements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detedion of fraud and other irregularities.

THE GRAIN HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE GRAIN HOUSE TRUST
Oplnion
We have audited the consolidated financial statements of The Grain House Trust (the parent charty and its
subsidiary. together 'the group") for the year ended 30 June 2024 which comprise the consolidated statement of
financial activities, the group and parent charity balance sheets, the summary incomè and expenditure account, the
consolidated statement of cash flows and notes to the financial statements. including significant accounting policies.
The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom
AcLounting Standards, including Financial Reporting Stsndard 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the group's affairs as at 30 June 2024 and of the group's and parent
harilable company's incoming resources and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pradice.,
and
have been prepared in accordance with the requirements of Ihe Companies Act 2006.
Basis for opinion
We conducted our audit in acwrdancè with Inlemational Standards on Audiling (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of
the financial slatements section of our report. We are independent of the group and charitable company in
a￿ordanCe with the ethical requirements Ihal are relevant to our audit of Ihe financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to golng concern
In auditing the financial statements, we have concluded Ihat the truslees, use of the going Con￿rn basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainlies relating to events or
conditions that, individually or colleclively, may cast significant doubt on the charity's ability to continue as a going
COn￿M for a period of at least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going con￿rn are described in the
relevant sections of this report.
Other inforniation
The other information comprises the information included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other information conlained within the annual
report. Our opinion on the financial statements does not cover the other infomation and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so. consider
whether the other information is materially inconsistent with the financial statemenls or our knowledge obtained in
the course of the audit. or othe￿ise appears lo be malerially misslated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a malerial misstatement
in the financial statements themselves. If, based on the work we have performed, we condude Ihat there is a
material misstatement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.

THE GRAIN HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE GRAIN HOUSE TRUST
Matters on which we are required to report by exception
We have nothing lo report in respect of the following matters in relation to which the Charilies {Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion..
the information given in the financial slalements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept,. or
the financial statements are not in agreement with the accounting records.. or
we have nol re￿iVed all the informalion and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees. who are also the directors of the
charity for the purpose of company law, are responsible for the preparation of the financial statements and for being
satisfied thal they give a true and fair view, and for such internal control as the trustees determine is necessary to
enable the preparation of financial slalements that are free from material misstatement, whelher due to fraud or
error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to
Continue as a going concern, disclosing. as applicable, matters related to going concem and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under seclion 144 of the Charities Act 2011 and report in accordance with the
Acl and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
malerial misslalemenl. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conduGted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misslalements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent to whi¢h our procedures are capable of detecting irregularilies, including fraud. is detailed below:
We obtained an understanding of the legal and regulatory frameworks applicable to the group and Ihe sector in
which it operates. We determined that the following laws and règulations were most significant: the Companies Act
2006, the Charities Act 2011 and UK corporate taxation laws.
We obtained an understanding of how Ihe group is complying with those legal and regulatory frameworks by making
enquiries of the management. We corroborated our enquiries through our review of Board Minutes and papers
provided to the board of trustees.
We assessed the susceptibility of Ihe group's financial stalements to material misstatement, including how fraud
might occur.
Audit procedures performed by the engagement team included..
identifying and assessing the design effediveness of controls which management has in pla¢e to prevent and
detect fraud.
2. Understanding how those ¢harged with governance considered and addressed the potential for overrtde of
controls Of Other inappropriate influence over the financial reporting process.,
3. Challenging assumptions and judgements made by management in its significant accounting eslimales.,
4. Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations-
and
5. Assessing the extènt of compliance wilh the relevant laws and regulations.
A further description of our responsibilities is available on the Financial Reporting Council's website at: https:11
www.frc.org.uklauditorsresponsibililies. This description forms part of our audilorfs report.
10-

THE GRAIN HOUSE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE GRAIN HOUSE TRUST
Use of our report
This report is made solely to the charity groups's trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audil work has been undertaken so that we mighl state to the
charity's trustees those matters we are required to state lo them in an auditor's report and for no other purpose. To
the fullest extent permitted bylaw, we do not accept or assume responsibility to anyone other than the trustees and
directors of the group and charitable company as a body, for our audit work, for this report, or for the opinions we
have formed.
F J Wilde FCCA DChA
Senior Statutory Auditor
For and on behalf of Warner Wilde Limiled, Statutory Auditor
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Date..
Wamer Wilde Limited is eligible for appointment as auditor of Ihe charity by virtLse of its eligibility for appointment as
auditor of a company under section 1212 oflhe Companies Act 2006.
11

THE GRAIN HOUSE TRUST
CONSOLIDATED STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Current financial year
Unrestrfcted Unrestricted
funds
funds
general Designated
2024
2024
Restricted
funds
Total
Totsl
2024
2024
2023
Notes
Income from:
Donations and legacies
Charitable activities
Other trading aclivilies
Investments
258,929
1,684
3,000
128,741
390,670
2,228
132,795
895
383,813
132,795
116,560
580
895
Total income
261.508
135,795
129,285
526.588
500,953
Expendlture on:
Raising funds
Charitable a￿1VitieS
114.130
114,130
328.016
70,425
339,627
255,680
72,338
Total expenditure
255.680
114,130
72.336
442.146
410,052
Net Income
5,828
21,665
56,949
84,442
90,901
Transfers be￿een funds
17,383
(21,665)
4,282
Net movement in funds
10
23.211
61.231
84,442
90,901
Reconciliation of funds:
Fund balances at 1 July 2023
2.372,592
887,701
3,260.293
3,169,392
Fund balances at 30 June 2024
2,395,803
948,932
3,344,735
3,260,293
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
12-

THE GRAIN HOUSE TRUST
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Priorfinancial year
Unrestrictsd Unrestricted
funds
funds
general Designated
2023
2023
Restricted
funds
Total
2023
2023
Notes
Income from:
Donations and legacies
Other trading aclivilies
Investments
223,737
160,076
383,813
116,560
580
116,560
580
Total income
224,317
116,560
160,076
500,953
Expenditure on:
Raising funds
Charitable actiwlies
70,425
32.496
70,425
339,627
127.345
179,786
Total expenditure
127,345
102.921
179.786
410,052
Net incomel(expenditure)
96,972
13,639
(19.710)
90,901
Transfers be￿een funds
11,194
(17,1391
5,945
Net movement in funds
10
108,166
(3,5001
(13,765)
90.901
Reconciliation of funds:
Fund balan￿S at 1 July 2022
2.264,426
3,500
901,466
3,169,392
Fund balances at 30 June 2023
2.372.592
887,701
3,260,293
13

THE GRAIN HOUSE TRUST
CONSOLIDATED BALANCE SHEET
AS AT30 JUNE 2024
2024
2023
Notes
Fixed assets
Tangible assets
14
3,157,557
3,191,109
Current assets
Stocks
Debtors
Cash al bank and in hand
15
16
780
30,927
174,893
780
26,407
171,840
206,600
199,027
Credltors: amounts falling due within
one year
18
119.422)
(49.184)
Net current assets
187.178
149.843
Total assets less current liabilities
3,344,735
3,340,952
Creditors: amounts falling due after
more than one year
19
(80,659)
Net assets
3.344,735
3,260,293
The funds of the ¢harity
Reslricted income funds
Unrestricted funds
21
23
948,932
2,395,803
887,701
2,372,592
3.344,735
3,260,293
Whilst the company is èntitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for Ihe year ended 30 June 2024, the company is subject lo audit under the Charities Act
2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company lo obtain an audit of its financial statements under the requirements
of the Companies Ad 2006, for the year in question in accordance with section 476.
These financial slatemènts have been prèpared in accordan￿ with the provisions applicable to companies subject
to the small companies regime. The directors have prepared group accounts in accordance with section 222A of the
CompaniesAct and the CharitiesAct 2011.
The financial statements were approved by the trustees on .
Mrs S Mills
Trustee
rs A Diarra
Trustee
Company registration number 4626536 (England and Wales)
14-

THE GRAIN HOUSE TRUST
BALANCE SHEET (CONTINUED)
AS AT30 JUNE 2024
2024
2023
Notes
Fixed assets
Tangible assets
14
3,157.557
3,191,109
Current assets
Debtors
Cash at bank and in hand
16
52,215
150,771
42,100
149,198
202,986
191,298
Creditors: amounts falling due withln
one year
18
(15,808)
(41,455)
Net current assets
187,178
149,843
Totsl assets less current liabilities
3.344,735
3,340,952
Creditors". amounts falling due after
more than one year
19
{80,659}
Net assets
3,344.735
3,260,293
The funds of the Charlty
Restricted income funds
Unrestricted funds
21
23
948,932
2.395,803
887.701
2,372,592
3.344,735
3,260,293
Whilst the company is entitled to the exemption from the audit requirement contained in section 477 of Ihe
Companies Act 2006, for the year ended 30 June 2024, the company is subject lo audit under the Charities Act
2011.
The direclors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and Ihe preparation of financial statèmenls.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006, for the year in question in accordance with section 476.
These financial slatements have been prepared in accordan￿ with the provisions applicable to companie5 subject
to the small companies regime. The directors have prepared group accounts in accordance wilh section 222A of the
Companies Acl and the Charities Act 2011.
The financial statements were approved by the trustees on .
Mrs S Mills
Trustee
Mr5 A Diarra
Trustee
Company registration number 4626536 (England and Wales)
15

THE GRAIN HOUSE TRUST
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
27
113.909
116,377
Investing activitles
Purchase of tangible fixed assets
Investment income received
(2,858)
895
580
Net cash (used inllgenerated from Investing
activities
(1.963)
580
Financing activities
Repayment of bank loans
(108.892)
(116,192>
Net cash used in financing activities
(108,892)
(116,192)
Net Increase in cash and cash equlvalents
3,054
765
Cash and cash equivalents at beginning of year
171,840
171,075
Cash and cash equivalents at end of year
174.893
171,840
16-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Charity infomiation
The Grain House Trust is a private company limited by guarantee incorporated in England and Wales. The
regislered office is Alton Maltings Centre, Maltings Close, Alton, Hampshire, GU34 1 DT.
1.1 Accounting convention
The financial statements have been prepared in aGcordance with the ¢harity's goveming document. the
Companies Acl 2006, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of
Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Pradi¢e applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)" The charity is a Public Benefit Entity as defined by
FRS 102.
The financial statements are prepared in sterling, whi¢h is the functional ¢urren¢y of the charity. Monelary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
The consolidated acGounls present the financial statements of The Grain House Trust and its subsidiary Alton
Maltings Centre CIC as if they formed a single entity. Inlercompany transactions and balances have therefore
been eliminated. The group has taken advantage of section 408 ofthe Companies Acl 2006 by not providing
separate statement of financial activities for the subsidiary.
1.2 Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to conlinue in operational existence for the foreseeable future. Thus the trustees
continue lo adopl the going concern basis of accounting in preparing the finanGial statements.
1.3 Charitsble funds
Unrestricted fvnds are available for usè at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capilal musl be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and il is probable that income will be received.
Cash donations are re¢ognised on receipt. Olher donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on receipt or othernvise if the charity has been notified of an impending distribulion,
the amount is known, and re¢eipt is expected. If the amount is not known, the legacy is treated as
contingent asset.
17-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policies
Icontinuedl
1.5 Expendlture
Expenditure is recognised once there is a legal or Constructive obligation to transfer economic benefit to a
third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably.
Expenditufe is classified by activity. The costs of each activity are made up of the totsl of direct cosls and
shared costs, including 5UPPOrt costs involved in undertaking each activity. Direct cosls attributable to a single
activity are allocated directly to that activity. Shared costs which conlribule lo more than one activily and
support costs which are nol attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
deprecialion charges are allocated on the portion of the asset's use.
1.6 Tangible fjxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to wrile off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Freehold land and buildings
Fixtures and fittings
1.fi straighl line
3 to 5 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset. and is recognised in the statemenl of financial activities.
1.7 Impairnient of fixed assets
At each reporting end dale, the charity reviews the carrying amounls of ils tangible assets to determine
whether Ihere is any indication that those assets have SLtffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to detemiine the extent of the impairment
loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid
investments with original maturities of three monlhs or less, and bank overdrafis. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial inslruments.
Financial instruments are recognised in the charity's balan￿ sheet when the charity becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilities are offsel, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an inlention to settle on a net
basis or lo realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assels, which include debtors and cash and bank balan￿s, are initially measured at
transaction price including transaction costs and are SLFbsequenlly carried at amortised Cosl using the effe￿1ve
interest method unless the arrangement constitutes a financing Iransaction. where the transaction is
measured at the present value of the future receipts discounted al a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
18-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting pollcies
IContinued}
Basic flnanclal liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at Iransaclion price unless
the arrangement constilules a financing transaction, where the debt instrument is measured at the present
value of the future paymenls discounted al a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective inlerest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounls payable are classified as current liabilitiès if payment is due within one
yèar or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition ol financial liabllities
Financial liabilities are derecognised when the charity's conlrarlual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Terminalion benefits are recognised immediately as an expense when the charity is demonstrably commttted
to terminate Ihe employment of an employee or lo provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
cr1￿Cal accounting estimatss and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimate5 and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimate5 and undedying assumptions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects bolh current and fulure
periods.
19-

i Lri til
-ffjinr
¢xinrO
*ric*>
(Q O) ¢3) ￿1 co o)
uj
Go CcncnfJUC)O

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Income from charitable actlvllles
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Charitable activities
Other income
1,684
2,228
Income from other trading a¢tivities
Unrestrlcted Unrèstricted
funds
funds
Designatsd Designatsd
2024
2023
Alton Maltings Centre hire charges
132,795
116,560
Income from inveslments
Unrestricted Unrestrfcted
funds
funds
2024
2023
Interest receivable
895
580
21

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Expenditure on charitable activities
Charitable
activities
2024
Charltable
activities
2023
Direct costs
Staff costs
Meetings and activities
Non payroll slaff costs
124,138
14,859
2,657
138,889
15,845
2,798
141,654
157,532
Grant funding of activities (see note 8)
45,465
20,666
Share of support and governance costs (see note 91
Support
Govemance
112.998
27,899
133,735
27,693
328,016
339,626
Analysi5 by fund
Unrestricted funds - general
Restricted funds
255,680
72,336
159,840
179,786
328,016
339,626
Grants payable
Charitable
activities
Charitable
activities
2023
2024
Grants to institutions..
Other
45,465
20,666
-22-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Support costs allocated to activities
2024
2023
Depreciation
Premises
Office costs
Mortgage and loan interest
Govemance costs
36,409
63,546
9.564
3.479
27,899
36.409
77.925
9,671
9,730
27,693
140,897
161,428
Analysed between:
Charitable activities
140,897
161,428
10 Net movement in funds
2024
2023
The net movement in funds is stated after chargingl{crediting):
Fees payable for the audit of the charity's financial statements
Depreciation of owned tangible fixed assets
8.817
36,409
7,646
36,409
11 Trustees
A salary of £49,600 was paid to trustee Andrew Lawren￿ in his capacity as chur¢h leader {2023: £49,680).
1 trustee was reimbursed travel and subsisteno expenses totalling £1,453 (2023.. 2 truslees were reimbursed
expenses lotalling £1,726).
7 trustees made donations to the church in the year totalling £63,465 {2023.' 9 trustees donated £53,340)
(including trustees from The Grain House Trust and direclors from Allon Maltings Centre Community Interest
Company.
12 Employees
The average monthly number of employees during the year was..
2024
Numb8r
2023
Number
Full time equivalent number of staff employed
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
178,058
8,959
3,121
183,809
12,252
2,828
190,138
198,889
-23-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Employees
{Continued)
The average number of staff in the year, headcount ralher than full time equivalent, was 9 (2023.. 8).
There were no employees whose annual remuneratlDn was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows=
2024
2023
Aggregate compensalion
91,543
49,600
13 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
14 Tangible fixed assets
Freehold land FiXtu￿S and
and bulldlngs
fltting$
Total
Alton Maltings
Contra CIC
Total
Cost
At 1 July 2023
Additions
Disposals
3,806,161
347,742 4,153,903
2.858
2,858
{5.190)
(5,190)
17,503 4,171,406
2,858
(5,190)
At 30 June 2024
3,806,161
345,410 4.151,571
17,503 4,169,074
Depreclation and impairment
At 1 July 2023
Depreciation charged in the year
Eliminated in respect of disposals
615,052
36,409
347,743
962,795
17,503
980,298
36,409
(5,190)
{5,190)
(5,190)
At 30 June 2024
651.461
342,553
994,014
17,503
1,011,517
Carylng amount
At 30 June 2024
3,154,700
2,857 3,157,557
3,157.557
At 30 June 2023
3,191,109
3,191,109
3,191,109
15 Stocks
Group
2024
Charity
2024
2023
2023
Bookshop. coffee shop and sundry stocks
780
780
-24-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
16 Debtors
Group
2024
Charity
2024
2023
2023
Amounts falling due within one year:
Trade debtors
Amounls owed by subsidiary undertakings
Other debtors
Prepaymenls and accrued income
17,745
14,424
6,140
35,665
4,306
6,104
215
32,271
5,802
3,812
2,583
10,598
5,802
6,181
30,926
26,407
52,215
42,100
17 Loans and overdrafts
2024
2023
Bank loans
108,892
Payable within one year
Payable after one year
28,233
80.659
The bank loan is secured by a legal charge over The Alton Maltings Centre, Alton which has a net book value
at 30 June 2021 of £3.191,109 and represents 3.40% oflhis value. The loans were made on the following
ternis:_
Triodos Bank NV 23 years from 17 September 2004 at 24/0 above bank base rate
18 Creditors: amounts falllng due within one year
Group
2024
Charity
2024
2023
2023
Notss
Bank loans
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income
17
28.233
2,907
4.250
28,233
2,907
3,554
2,025
5,646
2.025
3,945
3,608
741
5,489
803
10,948
13,794
6,761
19,422
49,184
15,808
41,455
19 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
17
80,659
-25-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
20 Retirement benefit schemes
2024
2023
Defined contributlon schemes
Charge to profit or loss in respect of defined contribution schemes
3,121
2,828
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from Ihose of the charity in an independently administered fund.
21 Restri¢tsd funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 July 2023
Incoming
resources
Resources
expended
Transfers
At 30 June
2024
Building capital fund
Building fund (ongoing giving)
Caring fund
ADCRF
Stepping stones
Gift day
Christians against povety
Specifi¢ offerings
766,919
81,543
6,290
16,175
(36,409)
730,510
128,507
4,892
6,226
46,964
2,213
265
544
66,310
5,863
7.126
(3,611)
(10.214)
(845)
(5.038)
(9,844)
(6,375)
301
16,450
77,722
3.981
324
1,075
887,701
129,285
(72,338)
4,282
948,932
Prevlous year:
At 1 July 2022
Incoming
resources
Resources
expended
Transfers
At 30 June
2023
Building capital fund
Building fund (ongoing giving)
Caring fund
ADCRF
stepping stones
Toy Library
Gift day
Christians against Poverty
Specffic offerings
803.328
92,438
6,050
(36.409)
{125.922)
(3,005)
(1,254)
{1,076)
766,919
81,543
6,290
16,175
66,815
3,245
215
167
48,212
17,214
1,119
(3,132)
(65,926)
8,458
(210)
3,132
86,307
3,003
324
{3,931)
{8.189)
16,450
(3,272)
324
901,466
160,076
(179,786)
5.945
887,701
-26-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
21 Restricted funds
(Continued)
(a) The building capital fund represents the original building costs funded by specific offerings, less
depreciation charged to date.
(b) The building fund (ongoing giving) represents specific offerings received to fund mortgage repayments and
building improvements. Transfers represenl part of the capital repayments on the mortgages funded by the
specifi¢ offerings.
{c) The caring fund represents specific offerings received to fund donation5 to needy people in the community.
{d) ADCRF was a joint venture contributed to by the council and churches inAllon, which is now in the
process of set up under a separate charity.
(e) Stepping Stones is a parent and toddler group run by the church in Alton Maltings Centre.
(Q The Toy Library no longer functions and all its assets have been sold or disposed of.
22 Unrestricted funds - Designated
These are unrestricted fltnds which are material to the charity's activities.
At 1 Juty 2023
Incoming Rèsource$
resources
expended
Transfers
At 30 June
2024
Alton Maltings Centre CIC
135,795
{114,130}
(21.665)
135,795
(114,130)
(21.665)
Previous year:
At 1 July 2022
Incoming Resources
resources
expended
Transfers
At 30June
2023
Training and development
Alton Maltings Centre CIC
3,500
(3.500)
(13,639)
116,560
(102,921)
3,500
116.560
(102,921)
{17,139)
23 Unrestri¢ted funds
The unrestricted funds ofthe charity Gomprise the unexpended balances of donations and grants whi¢h are
not subjecl to specific conditions by donors and grantors as to how they may be used. These include
designated fund5 which have been set aside out of unrestricted funds by the Irustees for specific purposes.
At 1 July 2023
Incoming Resources
resources
exponded
Trnnsfers
At 30 June
2024
General funds
2,372,592
261,508
(255,680)
17,383
2,395.803
-27-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
23 Unrestrlctsd funds
Icontinued)
Previous year:
At 1 July 2022
Incomlng
resources
Resources
expended
Transfers
At 30 June
2023
General funds
2.264,426
224,317
(127,3451
11,194
2,372,592
24 Analysis of net assets between funds
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 30 June 2024:
Tangible assets
Current assetsl(liabilities)
2,427.047
(31.244)
730,510
218,422
3,157,557
187,178
2.395,803
948,932
3,344,735
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 30 June 2023:
Tangible assets
Current assetsllliabililies)
Long term liabilities
2,424,190
29,061
{80,659)
766.919
120,782
3,191,109
149,843
(80,659)
2.372.592
887,701
3.260,293
25 Related party transactions
A salary of £6,260 (2023 £1,929) was paid to Ktl Lawrence, th8 son of trustee Andrew Lawrence.
A salary of £4,254 was paid to Hannah Diarra, the daughter of trusteeAli Diarra.
Transactions with trustees are detailed in note 11.
-28-

THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
26 Subsidiaries
The results of the subsidiary, Atton Maltings Centre CIC, for the year including inter group trading, is as
follows..
2024
2023
Income from third parties
Services provided to The
Grain House Trust
135,795
116,560
31,508
26,034
167,303
(143,086)
142,594
(125,455>
Expenditure
24,217
17,139
Li¢ence fee paid to the Grain
House Trust
Loan interest paid to The
Grain House Trust
(2,000)
(2,000)
(552)
(552)
21,665
(21,665)
14,587
{14,587)
Donation under gift aid to
The Grain House Trust
Aggregate assets (liabilities)
The Grain House Trust have agreed to maintain support to Alton Maltings Centre CIC and their accounts
have therefore been drawn up on the going concern basis. The constitution of the Alton Maltings Cenlre CIC
mandales Ihal members of Ihe CIC must be trustee5 or members of The Grain house Trust. the CIC is 100°
controlled by the Grain House Trust.
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THE GRAIN HOUSE TRUST
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
27 Cash generatsd from operntions
2024
2023
Surplus for the year
84,442
90,901
Adjustments for:
Investment income reGognised in statement of financial aotivities
Depreciation and impairment of tangible fixed assets
(895)
36,409
(580)
38,409
Movements In working capital:
(Increase) in stocks
(Increase) in debtors
(Decrease) in creditors
{99)
(1,475)
(8,779)
(4,518)
(1.529)
Cash generated from operations
113,909
116,377
Difference
(1.482)
(18,525)
Per cash flow statement page
112,427
97.852
28 Analysis of Changes in net funds
At 1 July 2023
Cash flows At 30Jun• 2024
Cash at bank and in hand
171,840
3.053
174,893
Loans falling due within one year
Loans falling due after more than one year
(28,233)
(80,659)
28.233
80.659
62,948
111,945
174,893
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