char￿ r•glslrntlon numbor 1098865 IEngland and Wal•81 THE VANESSA GRANT TRUST (UK) ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Caladine Chortered Certified Accounlonts THE VANESSA GRANT TRUST (UK) LEGAL AND ADMINISTRATIVE INFORMATION Trustsos Anna Thnpp LucFnda BLkn Sarah DarfirvJ Lauren &￿dercoMi (Appolnted 20 WI 2024) Charlty numbor (England and Wal•s) Prfnclpal addr•ss Church Path YeoMI BA22 7NX Indopond•nt wmln•r CL4in o￿l$W￿l FCA FCCA1Th4 CaEadin& Limited Chanty House Eastbwme E8St Sussex BN21 1BF THE VANESSA GRANT TRUST (UK) CONTENTS Trustees. rerM)rt Independertl examinerfs r8pKxI Statement of financ3al adivtties StateffMt of financ￿1 F(stson Notos lo the finan¢k81 slatements 8-15 THE VANESSA GRANT TRUST (UK) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees pr8Sgnt th8r annu81 rew1 finanaal statern￿ lor the year ended 31 Decerrthr 2024. The financial statements have been wepared in a(rordm the accrKMknrYJ wlicies set out in note 1 to the rinancial stslements and comply wrth Ihe Trusrs Trust Oe&J. Ihe Charit￿S Act 2011 and -Accounting and Reporting by Charities.. Statsment of Recommervjed Pra¢Li￿ awAirable lo charslies p￿paring their accounts in ac￿r￿aft th the Financial Rewrting SlarKlard ap￿IcaNe in the UK and Rewblic of IreL8nd IFRS 1021 (eff￿ljv8 1 January 2019)". Oblocllvos and activitlos The Vanessa Grant Twst UK (VGT) was e51ablished in the UK in 2(KJ3. inilially to ravse fvnds for ts Vanessa Grant School for Children Swal N￿1$ (VGSI in R(M￿al. Kenya. SirTh then, tt has broadened 115 remit lo support other educatson projects in Ihis pre(bJmlnan￿Y rural area of Kenya's Rift Vdlley. partujlarfy the Vanessa Grant Glds. School (VGGSI. The Vanessa Grant Tnjst IUIQ wYM1(s in colktKffalw)n 7Mth lo(xl parther charitb9s in Kenya to broaden tho edurational opwrtunili8s for the gr(ywir¥J nuntsr of thlldrgn in the area& The pt(¥ects are ￿s0 supwrted by independent partner charittes in the USA arml ￿$tralia. Public benelit The trustees have paid due rngard to gildan￿ issued by ￿ {￿ritY Ccrniss*)n in thiding ￿t a￿l￿tIeS the Trust shoutd undertake. Achlevomonts and perforniance The Trust has seen another SLKtsssfvI year with various *ivibes conducled lo ratse fvnd5 in the UK rèsulting In continued and valued support for the sctKM)Is in Kenrd whid) b8n6fit from the UK funds. We are especially grateful for the continued afid r*w SUPFY)rt of several private and corrKJrale dc￿Or5 who re(D3nise the imwrtance crf edu(*tion in rural Kenrd. A￿¥$ of ￿ thities (£￿￿uCted in Kenya fojlcfivs be￿￿¥. The UK TnJslees were ￿l¥￿ty In¥rA￿ both in the UK and in Kenya. strengtheniThJ our partnerships and supporting tsl projects. Our new Chair, LaurEn SundercoM￿. arrfj Trustee Miles Lovegrove visited the schools in July. spending time ￿th St￿￿ents, teadws. aTrJ k￿1 teams to wThYerstand the cunBnl needs aThJ ftjture opportunities. In October. our Treasurer. Ed Sowerby. dso made the j(MJmey to Kenya, reinforcing our ¢>)nNn1tm￿I to gnsuring nds are used effedively and continuirvJ to tryjild relalM)nships V+ilh wr partners. These visits are invaluab In helping us see firstharKI th8 of swg our for the fuknre. In the UK, we have been workng on building our ￿PaCIty to t*tter m*t the needs of ￿r partners in Kenya. We have begun lo gain interest frMI wtential v￿Untee￿ for 2025 arKI are actNely expk)ring h(w we can exparbj our reach and eroagement. As part of this, we are takiThJ time to rethlnk our apwoach to voluntoorfng, recognising Ihe Importan￿ of addresstng powèr imbalances and avoiding narrdtives of vthite saviourism. Prospective ptans for 2025 are to visit K8nya lo work alongside the cornmunlty to reshape how voluntserlng is done. ensuring it is gonuinoty wllaborative. c¢mmunlty48d. and beneficlal for all involved. Th8lr Insights and derthip wil be central in sh¥rfng IKfrt ￿ nJ)ve forwwd. To suppwxt this grovAh, we have also been strengtherllng ourgovernar•co. SupFKXt from Cranfièld Trust devek)pod 8 dear Strategy for the future. A key f(xus is hcm to evide￿¢ our Impact. ensuring we are accountable. transparent, and able to (xKnmunicate the drfFerence we make effectivdy. Ths will be orwing. Funds were raised via rAK first 8ig Gl¥e Chriths C￿p￿n wilh a target of £6.Tr)O. We were increditly grateful for lh8 SUPPOrt of 8 generous anonymou5 match funder {£1.StKIl and Fknid Brandiro's pl&lge1£1.500). Through a oynbination of donations, wreath-maknrwj SeS￿n$. raffles. arK1 thr fijndral￿rQ activities. we raised an incredit￿e £8,830, plus an 8¢Jditional £880 in Gir( Aid. wilh S) d(m￿s SUPFQrting the (xmpaNJn. Thks not onty helped fund Our projets but also iK¥Jsted errfJagemenL increasiro n8vKletter sMJrws and 5trenglhgning collaboration. The rampaign also allov*d us to WOFk dosdy with FTan¢ina, ￿ manages KKial m￿la in Kenya for our partner trust. end showed us the pHJv￿ of teamwo￿ in aclion. Wth this eXpwIer￿ ￿￿er our belts. we feel C￿fid￿t about reapplying this year wth an even higher gr*1. THE VANESSA GRANT TRUST (UK) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 In Cornwall, we sU￿Ss￿lY ran our seoNyJ anrKJal Scr£er S8f8ri. bwirying tcgether families and football love tor a fantastic day. The r[￿1r￿j kid(ed off V4ith a chIhJ￿'s tcuJmamenL folIc￿ved by 8 Qxjn￿trtlVe adult game, with food vendoFS, infE8lables, end St John's kn￿lance harKI to 5UPPOrt 11 was a brilliant way lo rai8e awareness. bring our communty together. arwj g￿rate vital furKls IDf Lwr w(Mk in Kenya. Thmugh th￿ activths. we cc￿tinUe to grryw, le￿n. the S￿￿t provide lo ow partner schools. Lookjng ahe•J, we're exdled to twild these $u¢x*￿. exparnl our Nfknteer base, a￿1 dee￿ our Impact. Rwrt from th• Manager of our local yrtn•r elbaritlos In K•ny4 SponSo￿h1P As anticipaled. parents have struggled wilh inftatm the prospeL* of payirvJ the lneWtsb￿ inuease in school fee5. No S8CA)ndary or terbary edL￿a￿(M is free wi Kw)ya. sin￿ 2010 than 3(KJ able students have been supp)rted Ihrough secondary $th￿A aTrJ unNefgty. kn athJitwJrk3122 h8ve t*en a(Ided M 2024. Without this Ilnanclal support. most of these students W(NJWJ have be￿ exdth IrLwn sch((l. GIV￿ that all of kn are well above average ability. tha wasted ta￿nI woubj hale been wgnifio*nt. Vanossa Gr•nt School for Chlldren vAth Speclal Needs This has b88n another gcod w for thi8 school. FrKJ&8 ha5 teen on upgraliry the tx)arding facility with separate TVS in eath of the fwr dorrritorie& The ga￿aniSed roofirKJ Mat￿lakS has been sIv)V￿ng signs of tust, so these have 811 baen reseaed. Fla￿￿$ of Hope Ther8 is still Th) ￿ter frum the SUFply, but nw4¥ acces5 to water fr(xn ts Wdness8 Grant Sthool borehole has made il very eaw for t￿1Th hygiene and for wivJatI￿. Vocational School There has been no stgnifKZrt deVd(￿ Urn1￿18ken ty thg VGT tht5 year thi5 WCPCt. As an addiknonal income stream a shopfront ar￿ ￿￿rIe grindir#J mill have bew) athjgd (wmng onto thè road past the 9*001. These will seNe the local cJ)mmunity. This is a ￿. GogarPrfmary School The VGT has hdped with the renovati￿ of tsblos and thws aNJ has an *Jditional 61 d8sks wth support from Chdtenham Cdlege. Pam Scott Secondary School Wilh more gen6rcMts support from the Peter CuTrthl Tlust ar¥J ￿lat￿Th of Pamela St￿, the Intst has buill an additicfftal 51aence laboraty. Leldet Prfmary School The trust has re￿rb1$h￿ 8nother dd das￿rn 8$ 8 sc￿Th latmt(ry. has been achieved more gener(￿ support from the Peler CL￿j1￿ Trust arml rel8ti(ms rrf PaTh￿a S(xAL Deloralne Nutsery Sch< A dining roomn(itchen has been built aTrJ eqUIpp￿d at the t*wt of the three nursery sdKM￿s In the communty svpport frorn The EcorKMnisl Charrty. This Twill also be used as a d9s5r(M)m and a communty meetkng f￿lty. Stmlchael's This school continu89 lo expaThY and do wyll and vm again recryntsed as tho 18ading nur8ery schxA in the area provKling young chiklren wth thg skdls needed fcff enty to wmary Volunteer Progrnm The trust r￿1Ved fve volunteers duriThJ the year *vrk8d with al the schrxls offering support in English lessons, sport a￿1 much need8d repaintiro of l￿￿£￿)￿. at Gogar Primary Sch(xA. All vc4unt8ers are Molo River House Two 10,000 litre r￿nWater tanks aThY a solar pu¥np have to enablg quality water to be u*d for more iff*Jation of vegetables and bad( up water SUPFty. A ￿￿ker tss reF4aGgJ the okl smaller one. THE VANESSA GRANT TRUST (UK) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Vanessa ¢*ant Glrts. School fvEGS) Numbers in Grades 7 and 8 have increased ￿(r￿y as the year has prc￿es￿l and much irtsrest has been shown for future 8nlry from 2025. Phase two of the sdar tower prov￿￿)￿ has been inslallgd to further red￿e relian￿ on the unreliable national grvj and to the cost to the sLlYxA of the m￿thty pcwer bills. OrFgoing professional development for teathing stsff and ben￿mark%￿ wlh lntematK￿ sc*¢xJls are resulting in fresh ideas in the detivery of the curriculum. A genercw donation of bLK*s fr￿n the Brannei in Comwall has hew bc￿51 the library. Rongal Prlmary School. Sprfngs Hl9h School and Klmangu SGcondarySdml The VGT has gxtsnded its support TxiyJram to Ih8se three public sdKKJls by renovating dassrooms, providing prcrtected po*Er, worktops and 20 conwlers in each. Bursaiies The bur58ry prc¥Jr8m students at th& VGGS ￿ ai unNer* c£￿tinUeS strongly. There was also an 8ddition ol three abte Stud￿ts from Gc*pr PrITh￿ Sthod fees at secorKlary are subsKfised through Ihe trust. Fln8n¢lal review Cher the year the Trusvs unrestricted ftjnds Show￿ a surplus, aftef transfers. of £25.255 (2023.. ￿r[AuS of £1,349). Reslricled funds showed a defi*iL aftw transfer5. of £43.454 (2023: defMIl of È139.432). Totsl fvn(ts al the 31 DeL*mb8r year ernj stocxl at £151,857 (2023: £170.056) of whith £71.217 120Z3.. £45.962} were unreslricted fijnds a￿1 £80.640 (2W23: £124.094) fv￿ts. Going concem Th8 Trustees o)nsider the dwity to be a ￿l1vj cmcem. opwatrii for the Wh1￿ benefft for (hildren in Kenya. induding those wlh special needs. &ven the com[￿et￿)n of many of Ihe st&hy)I t￿iK1￿ wrieds. the Iwslees eThJe8¥our to steward a ￿aSonable ojshion of funds lo ensure these projècts cmtinue to be WOFerfy managed on the ground and so that they may meet any unexwAed neats arisi￿ in Ihe Sd￿lS it Reserves is the pokcy of th8 Tfustees to malitsin a level of resems in order to meet the administratNe eosts of operating the tharity. FurKls are alg) retained so that the L*arity (an resF#ind to needs as thoy arise. It also provides time to find new sources of income rf wegularfundirwJ r￿ce rrfsks The trustees have asse&8ed the major risks to Ihe Trust is eX￿￿J, 8NI are satisfied that systems are in place lo mitvdate eX[￿Ure to the m4or li*. struGturo. govemanu and managoment The trustees of The Vanessa Grant Tnjsl are aFv¥nW with the Tntst deeds by TescAutK)n of the 8XiStlThJ twstges. Under the deeds. there are required to be at18ast three twsleBs. The trl￿tseS seNed durbTr3 Ihe year arwj up to Ihe date of of Ihe fina￿31 Strte￿nts were.. Anna Thrupp Lucinda BoRon Carter Sarah Darling Karen Rob8rtson-Madeod Lauren Sund8rcombe Miles Lovegrove {A4w1n￿ 20Awa 2024) THE VANESSA GRANT TRUST (UK) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 statement oftntstee5' rnsponsibllftl8s The trustees are reswnsitAe prepariThJ the Ttwstees, ReFWt arKI the r￿n(la1 state￿nIS in accordants wltt) applicable 18W 8nd Unit&J KirvJjC￿ A(yJ)unting Standards (Unita lfjngdom Gewalty A(*epted Accounting Practi￿1. The law apFlicaUe to chariknes in En￿8*￿1 a￿1 Wales require5 the Inthgs to ￿epare ffinan￿al statements for each financial y8ar which gNe a true and fair Mew of the slats of aff81rs of the Trust and of Ihe inD)niThJ resowGes and applicalion of resources of the Trust for that ygar. In weparing thes8 financAal statements. the tr￿￿ee5 are required to: - select suilable a￿ntillg p(AKies aThJ lkn apply them ct)nsist8nty. - cbserve the N*thrxJs aTKI principles n the Chatities SORP.. - make judgemenls and e5timatss that are T&250nable aMI p￿lent . stste whether applicable 8ttountiry staThYartls have been fL4k)wed. lo any mateFial depa￿r&S disclosed 8nd explained In the fina￿al statements. and . PW8re the finatKaal Statem￿ on the 9)ing basB unkns it 15 Inapp￿prAte to presuffe thal th8 charity 11 conliThJe in (yeTalion. The trustees are re¥￿ns￿￿e fLY keeping SUffic￿t acoxmtiffj I￿￿rdS that ds(*)se wrth rea9)nable wxuracy * any time thg finanaal postion of Ihe Tnjsl and enable to ensure th81 the fiTrancHI statements comply wilh Ihe Charities Act 2011. the Charity {AcC￿jnts and Re￿￿)rts1 Regulatvjns 2LW and tho prow$￿nS of Ihe trust deed. They a￿ also responsible for safeguardro the assets of the Trust arnl her￿e kn lakirNJ feaS￿babIe steps for the prevention and detectvm of fraLKI ottw irregulwit*& Trustse THE VANESSA GRANT TRUST (UK) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VANESSA GRANT TRUST (UK) I rewrt to tho truths on my &xaminatirm of th9 financia *atements of The V8n8ssa Grant T￿￿1 (UK) (the Trust) for the year enda 31 December 2024. R•sponslblllfj8$ and ba51s of Y*w1 As the trustees of the Trust yw are resp)n￿ble fE* Ihe KYeparatk)n (rf the fman(3al 51atemerts in accordance wilh the requirements of the Ch8ritiesAct 2011. I report in respect of my axaminatK)n of the Trust's financial ststements carried (￿t Utvjer S￿l0n 145 of the Charities A(a 2011. In carryiThJ out my ekwnina1t￿ I have frA10￿Ed the Directions given by the Charity Commission under section 145(5)Ibl of the Charities 2011. Ind•￿nd•￿t examlneT¥ statem￿¢ Your attention is drawn lo the fact that the charTty has prepared Ihe fnartial stale￿thts in amvdan￿ with the relevant veNon of the Statement of Re(x)m￿￿d8d PraCt￿e 2ppkaLle to ctharities preparirKJ Ihelr financial statements in accordance with the Fir￿nC￿l ReFK)rbig Standard appl￿ble in the UK and Republic of Ireland {FRS 102) in preferance trj the A(wJntirwJ and RerKJrting by C*arities: Statement of Recx)mmended Practlce issued on 1 April 2005 which is referr&l to in the extant regulalions Imrt has rwyw been ￿thdra￿. l understarxj that this has been done in ordor the financial statements to [K0￿de a and fair view in aovdm wilh UK Genorally AcceptedA(xx)unling Pracbct. I have completed my e￿3f￿1￿aII0n. l ¢x)nfimi that ￿ mattws have to my atten1￿n In wih the examination giving rne cause to bo11￿￿ that in any malerial rBspect'. accounting records were not kept in resFeCt of the Tnjst as requi￿1 by sodic￿ 130 of th8 CharitiesALt 2011. the ffinandal statenwnts th) not acC(￿d 7Mth those rectffds., the financial statements do rnt (￿tAY with the a￿￿1Cable requrem8nts Thin￿ming the fomi arKI content of ffinanaal statements set ¢yJt in Ihe Charities (A(￿￿n￿ army ReporL£) ReguLgtions 2008 other than any requirement Ihal the stateffents gr¥B a true 8rn1 falr vw *thich is rK)t a matter CC￿51derfjd as part of an iTh*pendent eXaMW￿￿on. I have no concerns and have come a(xtss no otsr Matte￿ in connection the exaMinatW￿ to which attention should be drawn in this reFK)rt in ryder to enatA8 a proper undwstandirwa of the ffinancial ststement5 to b8 reached. Colln Dadswell FCA FCCA DChA Caladine Limrted Chanlry H￿$9 22 up￿rtOn Road Eastboume East Sussex BN21 IBF 0110512025 THE VANESSA GRANT TRUST (UK) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Total lunds 2024 fund5 2023 funds 2023 2024 2024 2023 kncomo fr¢)m: Donations and legaries other tr￿ling athvities Investments 111,499 157.839 114 21,071 2XJ 129,769 150,840 230 114 Total income 48.012 111.499 159.511 21.301 129.769 151.070 Exp•ndlture on: Raising funds Charitablo activilies 3.247 3.247 285.906 31.764 145,946 177.710 276.956 Total oxpenditure 31.764 145.946 177.710 12.197 276,956 289.153 Net Incomel(exwidiiure) 16248 (34.447) (18.199) 9.104 1147,1871 1138,0831 Transfers bafv￿n furbds 14 9.￿7 {9.(MJ7} (7,755) 7,755 N•t movomgnt in funds 25.255 (43.454) (18.199) 1.349 (139.432) {138.083) Recon¢lllatlon of fwKIs: Fund balan￿S at 1 January 2024 45.962 124.094 170.OS6 44.613 263.526 308.139 Fund balances è131 Dacember 2024 71,217 80.640 151.857 45.￿2 124,094 170,056 The statemont of financk71 acbvilies ir¥kn al garts a￿1 k>sses reo)JrAsed In th8 year. PJI i￿￿n8 and expandllure erive from continuing aCt￿￿ti88. THE VANESSA GRANT TRUST (UK) STATEMENT OF FtNANCIAL POSITION AS AT 31 DECEMBER 2024 2023 Curfgnt assets Trade and other [￿NableS Cash at bank and in harKI 12 2,155 160.439 5.829 172.826 162.594 (10.737) 178.655 (8,$991 Cumnt liabilltles 13 N*t currnnt assets 151,857 170.056 The funds of the Trust Restricted inL7)me fw Unreslricted fijnds 14 15 80,640 71.217 124.094 45,962 151,857 170.056 I Z 2015- The ffinanca￿ ststements ￿￿e appro￿1 by ts tr￿tee5 on .... .... Lau Sundercomt Trust89 THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 A¢countlng pollcios Charity Infonnatlon The Vanessa Grant Tn￿t (UK) is a thar*y *ilh the rm(iP81 •Jdrnss of Br03m￿d Cottage, Churth Path. Queen Camel. Yeovil. Somefset W 7NX. The main aim of the charity is to advance and further the 8(iucalion of peo￿. as￿allY th￿1[en a￿1 Y(￿￿j p8orAe, lThy￿lIng those ￿ $￿al needs in winary, secondary sthool and atM)ve. The tharity wsmaiily op8rat&s in the Rorvjai r8gM)n on Kenya. but Is nol exdusNe lo this area. They strNe to met o¥&*¢ves thrO￿h the provi5knn of fuThJs for the Gonstructi)n of school buikJirwJs and facilities. awaTdifWJ grdnts. 81oWar￿. I￿rSar1e5 and scholarships. 1.1 A￿oUntIng conv•ntlon The financial State￿￿￿tS have twn wepwed in w￿rdanC* the Trusfs Deed. the CharbtTes Act 2011 and "A(rountry and Rewtr'ng by Charilies: Stalemenl of Recommended Practice applicable lo charities preparing t￿r aLt￿nIS wtlh the Finan¢pl ReportiNJ Standard appliCa￿e in the UK and RepuN* of Ireland IFRS 102) (effedkve 1 January 2019).. Tr Trust ts a Benefit Entlty a8 dafined by FRS 102. The Trust has taken advantsge of the pftWIsK￿ in th8 SORP for dwiiBs applying FRS 102 Updat8 Bulletin 1 not to prèpare a Statement of Cash FkThs. The financial staternents have departed from Ihe (￿arItieS {Acc￿nts awMI ReF￿s) RegulatK)ns 2W8 only lo the extent r8quired to provide a true and view. Ths departure has invc4vwJ fc41owing the Statement of Recommen(led PraeNce for charities ap￿Y*￿ FRS 102 rather Ihan the vwsK)n the Statement of R￿MMended PrdL*c8 b%1)kh ks refe￿9d to in the R•jUktir￿S tKrt whith has SI￿ been wttmlrawn. The financial stsIen￿nts are prepared in sterling. whth $ the functirJ*l currency of the Tr￿t. Vrt)net8ry alr￿Unts in these finarKial StsleM￿ts are rn 11 Basic Fin￿781 Instruments, and Section 12 'i)ther Fin￿￿TraI Instrumonts Issues. of FRS 102 to all of its firwKial irthmonts. Financral Instruments are raxwJnlsed in ts TnJsVs t￿al￿ shoet when the T￿￿1 bec￿ party to the Contrac￿1 provisior￿ of the ins1n￿t. Financial assets 8nd liabilibes are offseL with the net 8nKNJnts (￿ted in the financial statements, vthen Ihare is a I￿jaIlY enfomable rpJht to sel off the reD￿nis￿l aft￿￿nts arKI It￿1￿ is an in1ont￿ to 5etUe on a nel basis or to realise the asset arKI settle Ihe liaknlity sirnuItar￿JuSfy. Baslc flnanclal assets Basic financial assets. vthch (rthor (W￿l￿able5 aThJ (ash and bank balan￿, are iniitally measured al transaction wce Ind￿}￿g tranw*on costs and arn wbsequently 12rried at amortised cost Ltsing the 6ffoc*ive interest methrxl unkn the oJnsl6iules a finanrAng transaction, whèr8 the transaction is m&gsured at the p￿esent Val￿ of the future rec*ipts dIS￿nted at a markel rate of interesl. F￿anCIal assets classified as re￿1¥*Ae witm Lme yew 8re not a1TKJrti￿. Bask financial liabllilles Basic finan¢ial llabilrt￿s. indudiro trade and other payabfes and bank loans are inthalty reo)gnised at transaGlion pri￿ unth ts arrarHJeThnt ry>nstilutes a financ¥vJ trans￿, %there the debt instrument is Measur￿ al the pr8sent value of the future payments dtsc¢ymtsd at a martet rate of interest. Fir￿nCIal liabilitigs classified as payable With￿ one are not aMOrtts￿. Debt instruments arn SulwL￿ty 1Xrr￿ at oJ5L using th8 efvaive internsl rate method. Trado payables are oblvJabons to pay for g(M)ds (x ser¥ices that have been acqutred in the ordinary o)urse of operalhjns from SU[W￿rS. An￿￿nts payable are daSS￿￿1 as oJTht SaiMlitEs rf paymenl is due wllhln one year or le&8. Èf not. they a￿ presented as ncKpcurrenl labilrtie& Trade payables are rewgnised inttlaS￿ at transaction pri￿ a￿* subwuently rn8asurwJ at anvNlisod (wt Using th8 effocliv8 interest methcd. Dore￿gnI11on of financial liabilllles Fin3n¢ial liabilities we derecC*Jnl￿d when the rAthLknI oWtiO￿ expre c* are thscharged or cancelled. THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounling poll¢l•$ Icryrtlnued) 1.8 Employee benefits The ¢)Jst of any unus&Y how entitleTh*nt Is re(x￿n￿￿j in the in whKh the employae's services are Terminakn"on benefits are reco3n￿ed immedi8tety as an expense the Trust is dem0r￿trabty committed lo lemiinats th8 emph)ywMt of ￿ ￿80 or to Frfovide temwtKm b8nefits. crftlcal accounting •stlmatss and J￿rn•￿i¥ In the applicali(m of the Trusvs acr4)untkvJ poliixs. the trustees are rwir&l to make judgements, estimates and assumptions abtxrt fhe caryirwJ a￿nI of assets arKI Irdbthie5 that are Th)t readily apparent trom other swrces. The eslmates and asso(aabJ assumplims are based on hi5&￿(sI experience and other factors that are ￿nsidered to be re￿Vant. AL*ual results may differ from lh￿ estimate& The eslimates and undthing assurwrts are re4fjE•￿l on an (￿￿)1￿J basis. Re￿￿On5 to a¢￿￿￿tIng estim818s are recognised in the ￿lf￿￿ in whith the estimate ts mised wh8r8 the revison affècts ￿lY that periyl, or in the peri(Kl of the revison s￿1 future ththere the rewsion affects current and future perKNJs. Income from donauons and legacies Unrestrlded Restricted funds fvnds 2024 2024 Tolal Unrestricted Restrlcted fundB 2023 Total 2024 2023 2023 tk)nalions and g Grarts rei*ivatAe aid receivable 43.399 58.849 102.248 52.650 2.941 16.344 60.769 69,￿0 77.113 69.000 4.727 2,941 4.727 46,340 111.499 157.839 21.071 129,769 150.840 Income from othortradlng xti¥itle$ Unrestrlctsd Unrestrtcted funds funds 2024 2023 Jewel1￿ sales 114 230 10- THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Incomo from Invostm•nts Unrostri¢tsd Unrestricted funds 2024 2023 Inter8st rgceNabie 1.558 Expondlture on rdlsing funds UnreslrfGted Vnrestrl¢ted funds funds 2024 2023 Fundraising and publlcity Staging fundraising events 3.247 Expendlture on charltable acllvllles Charltable adivities Charitable activities 2024 2023 Dlroct costs Manager fees and expertse5 ContrdLtor fees Purchases Travel 21.420 15,0(M) 690 21.420 916 717 37,110 23.053 l>ant funding of adivibes (se8 8) 19).526 254,279 Share of support and govemance ￿ Isee nots 9) Support 7,932 2,142 6.806 1.768 177,710 285,906 Analysls by fibnd Unrestrictgd funds Restrirted furw 31.764 145.946 8.950 276.956 177,710 285,906 11 THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Grants payable Charftable activities Charitsble activities 2023 Grants lo institullons: Vangssa Grant sch￿ Vanessa Gfant Cids. Schwl Othef projects 15.￿11 67.632 47,093 15.522 218,270 20.487 130.526 254,279 Support Costs alloc•t•d to acllvlt 2024 2Q23 Comwter 8ThJ website Treasurer fees and expe￿eS Insurance Goveman¢* ￿sts 216 7,053 663 2,142 216 6.590 1.768 10.074 8.574 CharilatAe activit*s 10.074 8,574 2024 2023 Accwntsncy Bank charges 1.890 {1221 198 2,142 1.768 10 Tru$tg0s During the year trustee Lauren sunderts￿l* w8s by the TnL%t as a 88if-empbyed ￿ntra(knr providing SUPFQrt servw indudirwJ ftJrKlraisirvJ. vduntsw n￿￿t arKI trdining. She was pahj 8 totsl of £15,00012023: £nil). No other trustees received any paY￿ts ofwwe ye1ml￿[S￿l any ex￿5 durbng the year {2023: £nl). 11 Taxatlon The L*arlty Is exempt from taxatKm (In ils aL*viEies because all its iio)mg is aPpl￿d for charitable pu￿Se$. 12- THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Trade and other rncelvables 2024 2023 Amounts falllng du8 within on• y•ar. Other receivatdes 2.155 5.829 13 Curr•nt liabilities 2024 2023 Trade payables Acixuals and deferr&J incomts 6.709 1,8WJ 10.737 8.599 14 Restrictod fufid The restricted fuThJs of (*aiity C*)mp￿ the unex[￿￿ LdanLX of donations ￿ grarrts held on tnjsl 5ublect to cOnditwx￿ by donL¥S as to how they may be uwj. At 1 January 2024 Incoming Resources ex￿nded Trnnsf•rs At31 Dacembfrr 2024 hool Development ProJ•cls Vanessa Grant c￿rtS Vanessa fyarrt Schcol GcMJar Primary schr￿ Daloraine Sc*K)ols VGT Accomodatson Blcck Soccer FundraiserfCkssrryJns 70.024 14.0(h) (24.501) (9,810) (9.546) (26,550) (2.160) (1.4001 1901 110) (2.3501 (9421 114,497) 58.123 405 23.5CKJ 9,420 11775 6.318 1,731 Pupll Sponsorships Vdnessa Grant Girts &hool VIKalional R￿c Sponsor a chlld in a￿ther School Flames of Hor VGS Swnsor a Chld 43250 1rxJ (43.131) (1.8￿> (675) 90 2.120 (1.746) {1,1Tr1) (4.191) (2121 1,091 2.281 324 1.591 3.186 2,867 Management of project 25.767 2,1 (21.420) 6,007 12,504 124.094 111.493 (145.946) (9.￿)7> 80,640 13- THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 R￿trIct•d funds Icontlnugd) Prevlous year. At 1 January Incomlng Transf•rs 2023 resourrns expwded At31 Decembor 2023 School D&velopm•nt ProieLts Vanessa Grant Girls SdKK vane￿ <>ant Sch￿1 Gogar Primary School VGT Acl￿atiOn Blod( sC￿r FundraiserlCknrcN 154.(Y25 (149.101) (10,636) {1.833) (3.l￿1) (6,￿)1 (2.127) (1.(￿6) 70,024 9,405 9.458 21.268 10,6 2.461 1.731 1.701 1,731 Pupll Sponsorshlps Vanessa Grant Girfs Sd Vwationd Rwrc Other stK)n￿r a Chld Sponsor a child thi another 66,737 (70.42n {1.179) (8,2341 1.179 (1.3741 15.008 5,400 2,012 3.017 (4.565) 11.614) (4.886) (302) 1.614 4.709 162 Flames of Hroe VGS Sponsor a Child 1.768 1,591 37,611 {21,4201 9,576 25.767 129.769 (276.956) 7,755 124.094 hool Development ProJg¢ts The fijnds are given for, and used to urthrlae Nnpro￿￿nts kn schxl facilities. A summary of the work undertak8n in the year can ba found in the Trustees report. Pupll Sponsorships These funds are given ond h) tsfray the cost of ethxxting pupf£ who are of the sponsorth¥i prLxJf8mme. Manag•ment of project The charrty is run by a manager on the gr￿nd ￿ Kenya ar%1 Thm)n￿8 glven k) fvnd hls salary are accounted for as a re*Kte4J fund. 14- THE VANESSA GRANT TRUST (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Unrostrided funds The unrestiicted furbts ofthe d)arity cx)mww the balarus ofdonat*Jns and grants vA)Ich atE not subpct lo Spect￿ condtiions by dI￿r$ and grantrys as to how they may be used. These include desbjnaled furKls which have ￿en set aside (Art ￿ ￿[eStr•￿ed tunds by the trustees for specific Pufpoges. At 1 January Incomlng Resources 2024 r•sources expondad Trnnsfers At31 Doctmber 2024 General funds 48.012 (31,764) 9.007 71.217 Provlous year. At 1 Januwy Incoming Res¢uY¢•s Transfers At31 December 2023 General furKts 44,613 21.301 (12.19n (7.7551 45,962 16 Analysls of not assets bet*wn funds Total fvnds 2024 funds 2024 2024 At 31 Decgmbor 2024: Currgnl assgts1(liabiSties) 71217 151.857 71,217 80,640 151.857 Unrestricted Restrfcted funds funds 2023 Total 2023 At 31 D•c8m￿r 2023: Cu￿ent assetsloiabliliesl 124,094 170.056 124.094 170,056 17 Relat•d party transacti¢Jns There were disdosable reloted party duriNJ the year cthor Ihan th0$8 transactbjns with the Irustges whith are detail￿1 in 10 {2023- nor£}. 15-