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← The Grain House Trust

2025-06-30-accounts

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THE GRAIN HOUSE TRUST

MGR ANNUAL REPORT AND AUDITED CONSOLIDATED FINANCIAL Fie FcnET[NS] Le[ ease] Slee ae STATEMENTS aeae | eee FOR THE YEAR ENDED 30 JUNE 2025 a asA

THE GRAIN HOUSE TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr C M Ellis (Chair) Mr G Bland Mrs S Mills Mrs A Diarra Mr P Haddow Mr A Lawrence Mrs AAmato (Appointed 24 September 2025) Mr J Corlett (Appointed 26 November 2025) Secretary Mr C Burrell Senior management Mr AC Lawrence Senior Pastor Charity number (England and Wales) 1096632 Company number 4626536 Registered office Alton Maltings Centre Maltings Close Alton Hampshire GU34 1DT Auditor Frances Wilde FCCA DChA Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF Bankers Co-operative Bank PLC - Manchester 1 Balloon Street Manchester M60 4EP

THE GRAIN HOUSE TRUST

CONTENTS

Page
Trustees’ report 1-7
Statement oftrustees' responsibilities 8
Independent auditor's report 9-11
Consolidated statement of financial activities 12 - 13
Consolidated balance sheet 14
Balance sheet 16
Consolidated statement ofcash flows 16
Notestothefinancialstatements 17-29

THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and consolidated financial statements for the year ended 30 June 2025.

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 charity'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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

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 charitable purposes as the trustees think fit; such objectives as would be beneficial to the community in Alton, the United Kingdom and the world. The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust’s aims and objectives and in planning future activities.

Aims, Objectives, Strategies and Activities for the year.

The aim of The Grain House Trust is to communicate the gospel of Jesus Christ through the ministry of Harvest Church Alton 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 to run Harvest Church effectively, and to provide ongoing maintenance of the Alton Maltings.

People — To play an active part in our local community by offering our current projects 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 Maltings by Harvest Church, the community, and outside agencies through the Alton Maltings Centre Community Interest Company (AMCCIC).

Strategies:

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 the kingdom of God expressed in and through each of our lives. We do this through creating multiple opportunities for people to receive training via our Sunday meetings, being part of our Life and interest groups, being part of other ministry teams 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 internally 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.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

CHARITABLE ACTIVITIES AND ACHIEVEMENTS

2024-25 has been a year marked by consolidation, growth and significant change for us as a church family, as we look to grow in our devotion to God, each other and mission, including:

Consolidation —

Having experienced a lot of change over the last few years we have done well in consolidating these changes whilst continuing to adapt and develop, which has been particularly characterised in:

These have all had an impact on the feel of the church and are reflected in increases in hunger for God, serving, giving, mission and prayer.

Growth —

We have continued to welcome many new people into our church family seeing around 25 people coming through our Exploring Membership course, with many of these into membership of the church. New folk who are a part of us include those recently moved to Alton, with some from overseas, but also local people who are coming to learn more about and know Jesus.

Whilst we are gathering between 200-250 adults and children on a typical Sunday, we estimate there are in the region of 325-350 people who would say Harvest Church is their church.

The Sunday Children’s meetings (The Source) have doubled in numbers resulting in us creating 2 new groups to help manage this growth.

We are pleased to note that around 100 people who are a part of the church are from nations other than the UK. In the region of 25 nations are included in that figure

We have seen real transformation in individuals lives through people finding faith in Christ, and through ministries we both run and are involved in across the town including Fresh Start, Food Bank, CAP and ADCRF bringing relief combined with hope.

We have baptised 9 people over the last year, including 5 of our youth as a direct result of them attending Newday an event for young people held in Norfolk each summer.

Alpha run with other local churches has continued to help people meet Jesus and together with our Sunday meetings and other activities have seen a further 5 people find salvation in Christ who have yet to be baptised. We have also started a post Alpha follow up group utilising the First Steps book to help people get established and grow as disciples of Jesus.

Our discipleship triplets continue to increase albeit at a slow pace and are very much appreciated by those who are involved.

Change —

Our biggest structural change over this last year has been the recruitment of Tim Suffield as a full- time pastor teacher and soon to be recognised elder (13 July 2025). This has been a long carefully considered process including: a financial challenge to the trust to increase giving to cover his employment costs. Tim is already bringing fresh perspective and insights through his preaching and interaction.

We need to grow the spiritual leadership of the church by appointing further elders. The current eldership team invested time in developing a small handful of potential leaders with this in mind.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

One of these men, who we were considering for eldership has had to relocate to Portugal with his family. Following discussions with Commission leadership team we have sent the family to Portugal's third largest city, Braga to plant a Commission church there. Following a period of integration and relationship building they hope to be starting a church in Autumn 2026. A gift day was held to support this initiative.

We have continued to support one of our former Pastors working in N Carolina, USA and a family working in Jinja, Uganda both through prayer as well as financially and have been thrilled to have them both visit in Spring /Summer 2025.

In conclusion we need to remember that any organisation is only as effective as the people involved in it. We have a great staff team and voluntary leaders and church members covering many areas of our church’s life and we are so grateful for their commitment and wholehearted support to our Harvest Church family and our vision to impact Alton and our District with the gospel.

Regular Activities

Life Groups. Continue to be the key for the life of Harvest Church providing pastoral care, friendship, fellowship, Bible study, prayer, and practical support.

Interest Groups for a variety of interest activities where like-minded people can meet.

The Source Work with children and young people to School year 9.

YLG — Youth Life Group for school years 10 - 13. Meeting twice weekly for social and bible study.

Alpha, we ran an Alpha course with other churches in Alton, the course explains and explores the Christian message. The course consists of 10 or 11 sessions.

Bereavement Journey — we ran 3 courses with St Lawrence Church, supporting those who have been bereaved.

Stepping Stones Toddler Groups. The church runs two groups for pre-school children and their carers. Stepping Stones Friday meet at Anstey Park and is specifically for those living in the area, one of the most deprived areas in Hampshire.

Lighthouse is a group for adults from 18 years onwards who have learning difficulties.

One Way is a Weekly drop-in caring for vulnerable adults. It tries to cross the barrier to people in the community who may be isolated, for reasons such as physical or mental health issues, addictions, or homelessness.

Fresh Start A group supporting and empowering people to change life controlling habits.

Christians Against Poverty (CAP) - CAP Debt Help Service, and CAP Job Club. We continue to support CAP with the various ministries. Alton Food Bank (Alton Christian Care Ltd.) The church continues to actively support the Food Bank. It provides dedicated warehouse space to store 3000Kg of food with its own entrance in which the food bank checks and was able to distribute food donations during the year.

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 groups/organisations 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.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Lettings to outside parties managed through Alton Maltings Centre Community Interest Company (AMC CIC). Users range from personal customers for parties and wedding receptions 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.

Volunteers

Volunteers continue to be essential to the Trust’s operation, providing resources to run the Church and Community activities. We have over a hundred volunteers committed to regularly support our Sunday gatherings many on a rota basis.

We also have,

: 15 Life and 13 Interest groups, involving 49 volunteer leaders. These groups are open for all to attend They are a wonderful way of connecting with us.

, 2 Pastoral Groups and 1 Pastoral training Group — Discipleship, Long & Short-term care, and support, involving 14 volunteers.

: A further 44 volunteers including Directors, Elders and Trustees assist mid-week to facilitate community activities such as Stepping Stones as well as Bereavement Journey, One Way, Lighthouse, Seminars & CAP : 97 volunteers are on a rota to serve on a Sunday

We estimate that 50 - 60% of those regularly attending Harvest Church, of all ages, volunteer to serve one way or another throughout the year acrossa full range of activities, many serving on more than one event/activity.

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 cost 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 church volunteering their time and energy. We are delighted that significant numbers of people regularly volunteer from a few hours 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 trust is actively seeking people who feel they could contribute to the mission of the trust.

3.The Alton Maltings is important for many local organizations who host their activities in the building. To support them the building is staffed Monday to Friday and often Saturday from 8am to 10pm. This requires a team of trained staff who can look after visitors to the Alton Maltings. Recruiting, training, and retaining of the staff team impacts on the running of the charity.

Financial review

The trustees report income for the year of £532,036 (2024: £526,588). Of this £127,333 (2024: £135,795) related to Alton Maltings Centre Community Interest Company.

There was net income of £33,327 (2024: £84,442) in the year, including a profit of £13,130 (2024: £21,665) made by Alton Maltings Centre Community Interest Company.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Reserves policy

The trustees have reviewed and approved the church’s policy for its funds developed over many years. The General Fund demonstrates the generosity and support of those attending the Church and is operated with a balance of at least one month’s cash flow. The restricted funds are held in interest 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: -

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£ a
Restricted Funds
Invested in fixed assets 725,222
Other funds held on short term basis 247,211
972,433
Designated funds
Alton Maltings Centre CIC net assets -
Other funds held on short term basis -
General funds
Invested in fixed assets 2,405,629
Free reserves -
2,405,629
Total reserves 3,378,062
----- End of picture text -----

Total reserves

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 Maltings Centre Community Interest Company.

Major risks

Trustees have assessed the major risks to which the charity is exposed and have put in place procedures and systems to mitigate these risks.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Aims for 25-26

Our aims for the year ahead include

Leadership Succession —

Andrew Lawrence has been in discussions for some time with those who spiritually oversee the church, together with the elders and Trustees that he has felt his time being a leader in Harvest Church is concluding. Consequently, in looking to appoint an additional elder it was done with the hope that they would be Andrew's successor. Tim Suffield has the gifting/qualities and character for taking on the eldership team leader role and so during this next year this will be communicated with the church initially in Autumn 25 to formally start a transition process and with the expectation Andrew will be off staff by the end June 2026.

As a result of Andrews departure, it is important that either a full time elder or alternative senior staff are recruited to support Tim. We are also keen to see further elders to be raised up and recognised by the church. Our key strategic priority for the next few years is to progressively strengthen all our key ‘leadership’ teams so that momentum is not lost and we continue to thrive.

The Source

With ongoing growth in The Source and Youth, we will need to continue to invest in growing their leadership and equipping key leaders. As part of this we have agreed to have a couple of Interns supporting us during the coming year

Evangelism

We aim to equip all of our members to share their faith with their friends and neighbours, as well as feeling confident in inviting their friends to Church. We are encouraging people to invite friends particularly to two events: our Christmas Carols, and subsequently an Alpha course starting in January 2026.

Discipleship

We will look at ways of encouraging and deepening discipleship, particularly getting people to engage with the Bible and with the Holy Spirit.

Help every person who is part of Harvest Church to grow into deeper relationships with God and to be able to share these with those who don’t yet know Him.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The Charity is a company limited by guarantee and was formed on 31st December 2002. It is governed by its Memorandum and Articles 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 currently the serving elders of Harvest Church in Alton) at any general meeting. The minimum number of trustees shall be three. Trustees serve for a period of three years and retire by rotation at every annual general meeting.

Newly appointed trustees are provided with a comprehensive induction to the charity through provision of training courses and mentoring by established trustees.

Organisational 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 Alton Maltings Centre Community Interest Company. Policies and procedures are regularly reviewed, and changes made to ensure that they are in step with current and proposed strategies. The skills base of the trustees is also reviewed, and training provided both externally and internally as required.

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THE GRAIN HOUSE TRUST

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date 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 Mrs A Amato (Appointed 24 September 2025) Mr J Corlett (Appointed 26 November 2025)

Alton Maltings Centre Community Interest Company

Alton Mailings Centre Community Interest Company has operated the activities of the charity's freehold property­ The Alton Maltings 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 control over its subsidiary by virtue of the fact that most of its members are either the charity's trustees or its members.

Auditor

In accordance with the company's articles, a resolution proposing that Frances Wilde FCCA DChA be reappointed as auditor of the company will be put at a General Meeting.

The trustees' report was approved by the Board of Trustees .

......

Mr C M Ellis (Chair)

Trustee

Date: ... .AA.(.;H ...

THE GRAIN HOUSE TRUST

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2025

The trustees, 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 Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements 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 resources 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:

The trustees are responsible for keeping 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 statements 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 detection of fraud and other irregularities.

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THE GRAIN HOUSE TRUST

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE GRAIN HOUSE TRUST

Opinion

We have audited the consolidated financial statements of The Grain House Trust (the parent charity and its subsidiary, together 'the group”) for the year ended 30 June 2025 which comprise the consolidated statement of financial activities, the group and parent charity balance sheets, the summary income and expenditure account, the consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and charitable company in accordance with the ethical requirements that are relevant to our audit of the 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 going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

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 contained within the annual report. Our opinion on the financial statements does not cover the other information 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 statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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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 to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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 that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether 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 concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act 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 material misstatement, 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 conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We obtained an understanding of the legal and regulatory frameworks applicable to the group and the sector in which it operates. We determined that the following laws and regulations were most significant: the Companies Act 2006, the Charities Act 2011 and UK corporate taxation laws.

We obtained an understanding of how the 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 the group's financial statements to material misstatement, including how fraud might occur.

Audit procedures performed by the engagement team included:

  1. identifying and assessing the design effectiveness of controls which management has in place to prevent and detect fraud;

  2. Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;

  3. Challenging assumptions and judgements made by management in its significant accounting estimates; 4. Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations; and

  4. Assessing the extent of compliance with the relevant laws and regulations.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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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 audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, 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 Limited, Statutory Auditor Chartered Certified Accountants 4 Marigold Drive Sisley Surrey GU24 9SF Date: 24 March 2026

Warner Wilde Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

THE GRAIN HOUSE TRUST

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Currentfinancial year Unrestricted Unrestricted Restricted Total Total
funds funds funds
general Designated
2025 2025 2025 2025 2024
Notes £ £ £ £ E
Income from:
Donations and legacies 3 302,616 - 99,225 401,841 390,670
Charitable activities 4 1,000 - 528 1,528 2,228
Other trading activities 5 - 127,333 - 127,333 132,795
Investments 6 1,334 - - 1,334 895
Total income 304,950 127,333 99,753 532,036 526,588
Expenditure on:
Raising funds - 114,203 - 114,203 114,130
Charitable activities 7 293,054 - 91,452 384,506 328,016
Total expenditure 293,054 114,203 91,452 498,709 442,146
Net income 11,896 13,130 8,301 33,327 84,442
Transfers between funds (2,070) (13,130) 15,200 - -
Net movement in funds 10 9,826 - 23,501 33,327 84,442
Reconciliation offunds:
Fund balances at 1 July 2024 2,395,803 - 948,932 3,344,735 3,260,293
Fundbalancesat30June2025 2,405,629 - 972,433 3,378,062 3,344,735

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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THE GRAIN HOUSE TRUST

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Priorfinancial year Unrestricted Unrestricted Restricted Total
funds funds funds
general Designated
2024 2024 2024 2024
Notes £ £ £ £
Income from:
Donations and legacies 3 258,929 3,000 128,741 390,670
Charitable activities 4 1,684 - 544 2,228
Other trading activities 5 - 132,795 - 132,795
Investments 6 895 - - 895
Total income 261,508 135,795 129,285 526,588
Expenditure on:
Raising funds - 114,130 - 114,130
Charitable activities 7 255,680 - 72,336 328,016
Total expenditure 255,680 114,130 72,336 442,146
Netincome 5,828 21,665 56,949 84,442
Transfers between funds 17,383 (21,665) 4,282 -
Netmovement in funds 10 23,211 - 61,231 84,442
Reconciliation offunds:
Fund balances at 1 July 2023 2,372,592 - 887,701 3,260,293
Fundbalancesat30June2024 2,395,803 - 948,932 3,344,735

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THE GRAIN HOUSE TRUST

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 3,130,851 3,157,557
Current assets
Stocks 15 1,243 780
Debtors 16 36,625 30,927
Cash at bank and in hand 235,237 174,893
273,105 206,600
Creditors: amounts falling due within 17
one year (25,894) (19,422)
Net current assets 247,211 187,178
Total assets less current liabilities 3,378,062 3,344,735
The funds of the charity
Restricted income funds 19 972,433 948,932
Unrestricted funds 21 2,405,629 2,395,803
3,378,062 3,344,735

Whilst the company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025, the company is subject to 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 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 statements have been prepared in accordance 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 Companies Act and the Charities Act 2011.

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Mrs S Mills ue A Diarra
Trustee Trustee
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Company registration number 4626536 (England and Wales)

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THE GRAIN HOUSE TRUST

BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025

2025 2024
Notes a £ £ £
Fixed assets
Tangible assets 14 3,130,851 33.157:557,
Current assets
Debtors 16 51,102 §2;215
Cash at bank and in hand 213,859 150,771
264,961 202,986
Creditors: amounts falling due within 17
oneyear (17,750) (15,808)
Net current assets 247,211 187,178
Total assets less current liabilities 3,378,062 3,344,735
The funds ofthe charity
Restricted income funds 19 972,433 948,932
Unrestricted funds 21 2,405,629 2,395,803
3,378,062 3,344,735

Whilst the company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025, the company is subject to 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 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 statements have been prepared in accordance 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 Companies Act and the Charities Act 2011.

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The financial statements were approved by the trustees on 428GA 2 o [ez| A976
Mrs S Mills Mrs A Diarra ~
Trustee Trustee
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Company registration number 4626536 (England and Wales)

«[Si=

THE GRAIN HOUSE TRUST

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 30 JUNE 2025

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|25|70,641|113,909| |Investing|activities| |Purchase|of tangible|fixed|assets|(11,632)|(2,858)| |Investment|income|received|1,334|895| |Net cash|used|in|investing|activities|(10,298)|(1,963)| |Financing|activities| |Repayment|of bank|loans|-|(108,892)| |Net cash|used|in|financing|activities|-|(108,892)| |Net|increase|in|cash|and|cash|equivalents|60,343|3,054| |Cash|and|cash|equivalents|at|beginning|of year|174,894|171,840| |Cash|and|cash|equivalents|at end|of year|235,237|174,894|

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-16-

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Charity information

The Grain House Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Alton Maltings Centre, Maltings Close, Alton, Hampshire, GU34 1DT.

The financial statements have been prepared in accordance with the charity'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 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, which is the functional currency of the charity. Monetary 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 accounts present the financial statements of The Grain House Trust and its subsidiary Alton Maltings Centre CIC as if they formed a single entity. Intercompany transactions and balances have therefore been eliminated. The group has taken advantage of section 408 of the Companies Act 2006 by not providing a separate statement of financial activities for the subsidiary.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors or grantors as to 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 capital must be maintained by the charity.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

«17

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

1.6 Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 1% straight line Fixtures and fittings 3 to 5 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7. Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine 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-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, 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 intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Bw

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

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(Continued)
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Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at 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 interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual 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.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates 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 estimates 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 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates 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 both current and future periods.

«1G

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

3 Income from donations and legacies

Unrestricted Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds Funds Funds
General Designated General Designated
2025 2025 2025 2025 2024 2024 2024 2024
£ £ £ £ £ & £ £
Donationsand gifts 302,616 - 99,225 401,841 258,929 3,000 128,741 390,670
Donations and gifts
Cash offerings 251,651 - - 251,651 212,638 - - 212,638
Income tax refunds 50,055 - - 50,055 45,816 - - 45,816
Gift day generalfund - - 71,917 71,917 - - - -
Building fund offerings - - 10,094 10,094 - - 100,103 100,103
Building Fund Offerings income tax refunds - - 1,331 1,331 - - 13,171 13,171
Caringfund giving - - 190 190 - - 1,931 1,931
Caring fund income tax refunds - - 100 100 - - 283 283
ChristiansAgainst Poverty Income - - 2,325 2,325 - - 5,863 5,863
Special collections - - 11,703 11,703 - - - -
Other 910 - 1,565 2,475 475 3,000 7,390 10,865
302,616 - 99,225 401,841 258,929 3,000 128,741 390,670

=20-

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

4 Income from charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Charitable activities
Otherincome 1,000 528 1,528 1,684 544 2,228
Unrestricted Unrestricted
funds funds
Designated Designated
2025 2024
£ £
Alton Maltings Centre hire charges 127,333 132,795

Interest receivable

Unrestricted Unrestricted
funds funds
2025 2024
£ £
1,334 895

~241-

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

7 Expenditure on charitable activities

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|||||||||| |---|---|---|---|---|---|---|---|---| |Charitable|Charitable| |activities|activities| |2025|2024| |£|£| |Direct|costs| |Staff|costs|159,151|124,138| |Meetings|and|activities|42,800|14,859| |Non|payroll|staff costs|7,594|2,657| |209,545|141,654| |Grant|funding|of|activities|(see|note|8)|26,919|45,465| |Share|of support and|governance|costs|(see|note|9)| |Support|119,166|112,998| |Governance|28,876|27,899| |384,506|328,016| |Analysis|by fund| |Unrestricted|funds|-|general|293,054|255,680| |Restricted|funds|91,452|72,336| |384,506|328,016| |Grants|payable| |Charitable|Charitable| |activities|activities| |2025|2024| |£|£| |Grants|to|institutions:| |Other|26,919|45,465|

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8 Grants payable

De

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

9 Support costs allocated to activities

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Depreciation|38,337|36,409| |Premises|64,274|63,546| |Office|costs|12,210|9,564| |Mortgage|and|loan|interest|4,345|3,479| |Governance|costs|28,876|27,899| |148,042|140,897| |Analysed|between:| |Charitable|activities|148,042|140,897| |2025|2024| |Governance|costs|comprise:|£|£| |Audit|fees|9,282|8,817| |Legal|and|professional|19,594|19,082| |28,876|27,899| |10|Net movement|in|funds|2025|2024| |£|£| |The|net|movement|in|funds|is|stated|after|charging/(crediting):| |Fees|payable|for the|audit|of the|charity's|financial|statements|9,282|9,350| |Depreciation|of owned|tangible|fixed|assets|38,337|36,409|

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11 Trustees

A salary of £51,582 was paid to trustee Andrew Lawrence in his capacity as church leader (2024: £49,900).

4 trustees were reimbursed expenses totalling £2,619 (2024: 1 trustee was reimbursed expenses totalling £1,453).

7 trustees made donations to the church in the year totalling £76,726 (2024: 7 trustees donated £63,465) (including trustees from The Grain House Trust and directors from Alton Maltings Centre Community Interest Company.

12 Employees

The average monthly number of employees during the year was:

2025 2024 Number Number Full time equivalent number of staff employed 6 5

= 93\«

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

12 Employees (Continued)
Employment costs 2025 2024
£ £
Wages and salaries 205,889 178,058
Social security costs 9,429 8,959
Other pension costs 3,833 3,121
219,151 190,138

The average number of staff in the year, headcount rather than full time equivalent, was 9 (2023: 8).

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel The remuneration of key management personnel was as follows:

2025 2024
£ £
Aggregate compensation 109,117 91,543

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings		 Fixturesand
fittings		 Total Alton Maltings
Centre CIC		 Total
£ £ £ £ £
Cost
At 1 July 2024 3,806,161 343,039 4,149,200 17,503 4,166,703
Additions - 11,632 11,632 - 11,632
Disposals - (9,885) (9,885) - (9,885)
At 30 June 2025 3,806,161 344,786 4,150,947 17,503 4,168,450
Depreciation and impairment
At 1 July 2024 651,461 340,183 991,644 17,503 1,009,147
Depreciation charged in the year 36,409 1,928 38,337 - 38,337
Eliminated in respect ofdisposals - (9,885) (9,885) - (9,885)
At 30 June 2025 687,870 332,226 1,020,096 17,503 1,037,599
Carrying amount
At 30 June 2025 3,118,291 12,560 3,130,851 - 3,130,851
At30June2024 3,154,700 2,857 3,157,557 - 3,157,557

-24-

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |15|Stocks|Group|Charity| |2025|2024|2025|2024| |£|£|£|£| |Bookshop,|coffee|shop|and|sundry|stocks|1,243|780|-|-| |16|Debtors|Group|Charity| |2025|2024|2025|2024| |Amounts|falling|due|within|one|year:|£|£|£|£| |Trade|debtors|15,723|17,745|4,638|6,140| |Amounts|owed|by|subsidiary|undertakings|-|-|28,852|35,665| |Other|debtors|2,649|2,583|10,762|4,306| |Prepayments|and|accrued|income|18,253|10,598|6,850|6,104| |36,625|30,926|51,102|52:215| |17|Creditors:|amounts|falling|due within|one|year|Group|Charity| |2025|2024|2025|2024| |£|£|£|£| |Other|taxation|and|social|security|2,899|2,025|2,899|2,025| |Trade|creditors|8,031|5,646|2,487|3,945| |Amounts|owed|to|subsidiary|undertakings|-|-|4,435|3,608| |Other|creditors|2,371|803|2,372|741| |Accruals|and|deferred|income|12,593|10,948|5,557|5,489| |25,894|19,422|17,750|15,808| |18|Retirement|benefit|schemes| |2025|2024| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|3,833|3,121|

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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

DB

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

19 Restricted 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 2024 Incoming Resources Transfers At30 June
resources expended 2025
£ & 3 £ £
Building capital fund 730,510 - (36,409) - 694,101
Building fund (ongoing giving) 128,507 11,425 (4,345) 36,087 171,674
Caring fund 4,892 290 (2,507) 4,686 7,361
ADCRF 6,226 - (6,226) - ~
Stepping stones - 527 (1,587) 1,060 -
Gift day 77,722 71,917 (17,359) (40,773) 91,507
Christians against poverty - 2,325 (16,465) 14,140 -
Specific offerings 1,075 11,703 (6,554) (375) 5,849
Changing Lives - 1,566 - 3/5 1,941
948,932 99,753 (91,452) 15,200 972,433
Previous year: At 1 July 2023 Incoming Resources Transfers At30 June
resources expended 2024
£ £ £ £ £
Building capitalfund 766,919 - (36,409) - 730,510
Building fund (ongoing giving) 81,543 46,964 - - 128,507
Caring fund 6,290 2213 (3,611) - 4,892
ADCRF 16,175 265 (10,214) - 6,226
Stepping stones - 544 (845) 301 -
Gift day 16,450 66,310 (5,038) - 77,722
Christians against poverty - 5,863 (9,844) 3,981 -
Specific offerings 324 7,126 (6,375) - 1,075
887,701 129,285 (72,336) 4,282 948,932

(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 represent part of the capital repayments on the mortgages funded by the specific offerings.

(c) The caring fund represents specific offerings received to fund donations to needy people in the community.

(d) ADCRF wasa joint venture contributed to by the council and churches in Alton, 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.

«iQGix

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

20 Unrestricted funds - Designated

These are unrestricted funds which are material to the charity's activities.

At 1 July 2024 Incoming Resources Transfers At30June
resources expended 2025
£ E £ £ £
Alton Maltings Centre CIC - 127,333 (114,203) (13,130) -
- 127,333 (114,203) (13,130) -
Previous year: At 1 July 2023 Incoming Resources Transfers At30 June
resources expended 2024
£ £ £ £ £
Alton Maltings Centre CIC - 135,795 (114,130) (21,665) -
- 135,795 (114,130) (21,665) -
  1. ~+Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming Resources Transfers At30 June
resources expended 2025
£ £ £ £ £
General funds 2,395,803 304,950 (293,054) (2,070) 2,405,629
Previous year: At 1 July 2023 Incoming Resources Transfers At 30June
resources expended 2024
£ £ £ i £
General funds 2,372,592 261,508 (255,680) 17,383 2,395,803
~Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 30 June 2025:
Tangible assets 2,405,629 725,222 3,130,851
Current assels/(liabililies) - 247,211 247,211
2,405,629 972,433 3,378,062

22 ~Analysis of net assets between funds

al Tus

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

22 ~=Analysis ofnetassets between funds (Continued)
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 June 2024:
Tangible assets 2,427,047 730,510 3,157,557
Current assets/(liabilities) (31,244) 218,422 187,178
2,395,803 948,932 3,344,735

23 ~—Related party transactions

A salary of £9,789 (2024 £6,260) was paid to Kit Lawrence, the son of trustee Andrew Lawrence.

A salary of £2,030 (2024 £4,254) was paid to Hannah Diarra, the daughter of trustee Ali Diarra.

Transactions with trustees are detailed in note 11.

24 Subsidiaries

The results of the subsidiary, Alton Maltings Centre CIC, for the year including inter group trading, is as follows:

2025 2024
£ £
Income from third parties 127,333 135,795
Services provided to The Grain House Trust 36,488 31,508
163,821 167,303
Expenditure (148,139) (143,086)
15,682 24,217
Licence fee paid to the Grain House Trust (2,000) (2,000)
Loan interest paid toThe Grain House Trust (552) (552)
13,130 21,665
(13,130) (21,665)
Donation under gift aid to The Grain House Trust —_-C OC
Aggregateassets(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 Centre CIC mandates that members of the CIC must be trustees or members of The Grain house Trust, the CIC is 100% controlled by the Grain House Trust.

«28

THE GRAIN HOUSE TRUST

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

25 Cash generated from operations 2025 2024
£ £
Surplus for the year 33,327 84,442
Adjustments for:
Investment income recognised in statement offinancial activities (1,334) (895)
Depreciation and impairment oftangible fixed assets 38,337 36,409
Movements in working capital:
(Increase) in stocks (463) -
(Increase) in debtors (5,698) (4,518)
Increase/(decrease) in creditors 6,472 (1,529)
Cashgeneratedfromoperations 70,641 113,909

a DGrx