Registered number. 04855173 Charity number: 1100784 THE GRIERSON TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 AB94RGNN 27107r2022 COMPANIES HOUSE A14
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THE GRIERSON TRUST CONTENTS Page Reference and Administrative Detslls of the Charity. its Tru5tee5 and Advise Trustses. Report Independent Examinerf5 Report ststement of Flnancial Activities Balance Sheet Note$ lo the Flnancial Statements 10-17
THE GRIERSON TRUST REFERENCE AND ADMINISTRATIVE DETALS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees L Heggessey B J Anthony S L Chinn G Davies N Dhand lappoinled 8 September 2021) PJFDixon A Flanagan (resigned 30 June 2021) D Horan M E Kaplan JMVQuinn F Salaria K Soloman lappoinled 8 September 20211 R SI8F4edon D Taberer K Townsend {signed 18 May 20221 M E Watson lappointed 8 September 20211 A R Worboys (appointed 8 September 20211 Company reglstered number 04855173 Charity registered number 1100784 Reglstefed office 5 Elslree Gate. Elstr& Way. BorehaM0d. Hertfordshire, W06 IJO Company secretary E M Flem9 Chalr L Heggessey Accountants Sopher + Co LLP, 5 Elslree Gate. Elstree Way, BOreham¥0d. Hertfordshire, WD6 1JD Page 1
THE GRIERSON TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees present their annual report together 7Mih the financial slatements for the ye¥ lo 31 December 2021. The Annual Report seryes the purposes ol both a Trustees. report and a éire¢tors' report under company law. The Trustees confirm that the Annual Report and financial stalements of the charitable company comply wlh the current statutory requirements, the requirements of the charitable companls governing document and the provisions of the Statement of Recommended Prath"ce ISORPI applicable lo charities preparing their accounts In accordance wlh the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS102) leffects.ve 1 Jènuary 20151 as amended by Uwlate Bultin 1 {effeth"ve January 20151. Since the Charity qualifie5 as small under section 382 of the Companies Act 2C(IS. the Strategic Rewt rwired of medium large cL)mpanies undef the Ccfflpanies Ad 20C6 (Strate9ic Report and Directors, Report) Regulations 2013 has been omitted. Structure• governance and managernent Constltution The Grierson Trust is registered as a cthan"tabie company limrted by guarantee arMI was Set up by a Memorandum of AssLxialion. b. Methods of appointment or 8[11¢n of Twstees The management of the Charity is the SPOnSI.11ty of the Trustees are decled and ¢(>opted under the terms of the "¢le$ of Association. Objectives and actlvltles c. Policies and obJe¢tiV86 The Charitys objects are to advare education and Fyomote Ihe arts for the public benefrt by the promotion and encouragement of higher standards of excellence in IPJe making of d(Kumenlary films by awarding out of the income of the Charrty the awards known as Ihe G[r$On Awards and other annual prizes prevTrously awarded by The Grierson Memorial Trust. 1¢h was established by Trust Deed dated 11 December 1974. or by awarding such other prizes and carrying on such other activities as the Trustees of the Charrty may in their th'screlion. determine wll promole and encourage SLth standards. The Trustees of The Grierson Tru51 have corn11ed vthh the duty in s_4 of the Charities Ad 2011 to have due regard to the public benefit guidarte published by the Charty Commission in administering the Trust. in determining achievements against the aims they had set for 2020 * in planning a¢tivites for 2021. Achievements and perfomiance a. 8ackground The overall financial ¢>Atum frryn the Charrtvs tI"eS 2021 was a surplus of £30,374 compared with £110,920 for 2020. The decrease in SrU$ was due to the fact that the invperson avords ceremony bfds able to take place in 2021 unlike 2020 whieh saw an wusualty high surplus due lo red costs dunng the pandemic. Page 2
THE GRIERSON TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Strateglc report (CONTINUED) hievements and perfomiance ICQNTINUEDI b. Activiti•$ in 2021 OurirrfJ 2021 the Chartys acliwties inclu(1ed'. Awards Hosted by Patrick Kielty. Ihe 491h annual Britssh Documentary Awdrds were held on 10 November al Queen Elyzabeth Hall. Soulhbank Centre, London. The ceremony was also IKOad$t via YouTube. 17 awards were presented in categorie5 induding Best Sports Documentary and 8esl Music Documentary, which were both new categories this year (Music was separated out frorn Best Arts or Music Documenlaryl, Best Natural Hist¢)ry or Environmentsl Documentary, Best Constnxted Documentary Series, Best Single Documentary - Oomestic and the Twstees. Awar(J for Ihe wort of an outstanding individu81. The Trustees, Award went lo Tabitha Jackson. There was also a new spwal aard. the Grierson Hero of the Year Award. which went to Some¢ working behir*lhe-scenes in Ihe industry who had gone the extra mile in their role. The Best Cinema Documentary category was paused this year due to Ihe COVID pandemK, as anemas were closed for a large PLY1K of the film sueening eligit4.lity period. The Charity benefitted from tsnued sponsorship frcln Ihe BBC, Channel 4. Channel 5. Di0very. Nefflix, The ' Open University. The Rumi Foundation and YouTube Origina15. A113Media yre headline sponsors for the fourth year running. New spLYisors for 2021 yre Sky Dccument3ries and Molinare. Sponsorship in kiThJ was provided ty new digit81 trfoadcast partners Little Dot Studios. The British Counal. Envy. Televisual Magazine, The Kit Room and Talenl Manager continued their support for 2021 and Storm was a new supporter in kind for ttss year. For the event the Charty pathered wth the Film and TV Charity for the second year. Donations again were encouraged in support of freelan workers were not ¥e to trnefft from Govemmenl support throughout the pandemic. but losl Wrk and income. Stafflng The Charity secured fundirKJ frcrfn Netlix to 2 besFoke Grierson t)ocLab sthemes lo ug industry ski115 gaps in production management and offline edib"rKJ. The funding also enabled the Charity lo ernploy Joseph Black as A¢Jminislratsve Assistant on a 12 month conlrxl to supp)rt the team in delivering the training stheme$ and supporting the growing Grierson DocLab Aumni network. Grlerson DocLab In 2021 the Charrty ran the Griefson DocLab training and mentoring scheme young people 89ed 18-25. as well as the 2 new Nefflix-supported Grierson DocLab In Focus schemes for production rnanagemenl and ediliro foi Ih05e aged 18 and above. Al 3 scheme5 were delivered online Via Zoom due to continued kjckdowns and restrictMs. For the core Grierson DLab scheme, 16 parts'cipants were recrurted and for each In Focus scheme. there were 8 trainees. For every scheme, doUe the amount ol people were invited to interview as there were places. Recrurtment also moved online for all 3 schemes. with online inlerviews saving money and improving the Charitys sustainable recruitment aims. Of the 16 trainees for the core seheme. 10 Irnen and 6 were men. 3 people had a disability, 7 were from an ethnic minonty background and 12 lived Lsle of London. This is in line with our mission lo reach the kind of young people who might olhefWi5e not gel a chance to start their career5 in documentary pr¢)JLKtion and lo increase the ethnic. s0oe¢0rK)mlc. gender aTrJ rwonal diversty of new enlranls. Page 3
THE GRIERSON TRUST TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Strateg1¢ repert (CONTINVEDI Achlevements and perforrnance ICONTINUEDI The Grierson DocLab core heme comprised a week-bny training course in May. an online industry pass lo Sheffield DoclFesl and folltyv up online trainirwJ in camera and ed"n9 ski115 throughout December and January. Each trainee was matched wlh a mentor. some of %¥*om are Truslees. The trainees also had 2 or 4 week work placements. many working remotely and in-person at a UK television muction company. The Charity provtsded the trainees with a tryjrsary for Ihwr placement equivalent to the living wa9e. Ongoing support for al least 12 months is provided by the Cttanty and the mentor5 provKle swport for a minirnum of 6 months. Companies who provided placements for the 2021 cohort were BBC Studios, Blast! Films, Box lo Box Films, Dragonfly TV. The Garden. Lightbox. th'nnow Films. Plimsoll Piodu¢b'ons. RAW. Ts%enty Twenty. Wall to Wall and Wise FilmslA113Media. Funding f( the stheme was wured frL¥n Nefflix and The Rumi FoLndation. The scheme is 81s0 supported iTrkind by Blueberry Cieaiives, th prOded 1 10 1 career coaching sessions lo e8eh trainee, The Kit R(x)m who provided cameras and souThJ recording equiKthent and Cbear Cut Pictu5 who Fyovided training on pQstprc#JtiL} wk0WS. Applications for the 2022 Grierson DocLab stheme opened in December 2021. Grlerson Do¢Lab In Focus Schemes Of the 8 trainees for the ed"ng scheme, 7 V•Eft women and 1 person was mTrbinwy. 4 were from an ethnic minority background, 2 were disabled and 4 from (Njtsth London. Of the 8 prtsJu¢lion management scheme trainees, 6 were female and 2 were male. 2 people were from ethnic Mirrity backgrounds. 3 were disabled and 7 were based outside London. This is in lir th our mison to provhde opportunities mentioned earlier. The editing and woduction management schemes comryised week-¢ong training courses in April, each trainee was matched wth a menlor and all Ir8inees have been matched vAlh paid eonlracts on Netflix documentary prOductiS over the year. some placements remaining outsianding due to work. pr(yJuction heduling an(1 other factors. These placements wll te fulfilled ¢)ver ccyjrse of 2022 in partnership with Nefflix. Grferson DocLab Alumni Throughout the year the Charty also continued to stay in cornmunication wth and supported Ils network of Grierson DocLab Aumni, of which there are rKJw 125. Job opportunib"es, online nerkIng events, regular check in5 and more We offere(J to the group. Page 4
THE GRIERSON TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 strategic report {CONTINUED) Achievements and perforrnanee (CONTINUED) . Governance Continuing the process of succession managemer¢t. in accordance wlh the Charitys Arb"cles of Association Nelesh Dhand, Krislina Solomon. Maxine Walson and Andy Wort)OJs were appointed lo the Board during 2021. The was one reSnatIOn during the year from Amy FIanan stepped d¢)wm before her full term due to family commitm1$. Kathryn Townsend resiw in 2022. Flnan¢ial revlew . Going concern After making appropriate ewuiries, the Trustees have a reaSonae expectati that the Charity has adequate resources to ¢ontinue in Operation existence for the foreseeable fLrture. For this reason they continue lo adopt the going concern basis in preparing the financial slalements. Further details regardiThJ the adoption of the going concem basis can be IrKI in the Accounting Policies. b. Reger¥es policy It is the policy of the Charity that unrestricted fvnds whh have not been designated for a splfi¢ use shoul¢J be maintained al a level that will ensure that, in the everrt of a signtficant drop in fvnding, the Chanty will be able lo continue the Charity's current actM"ts"es lIe consideralim is given lo vrays in which additional funds may be raised. The Trustees consider that a of £100,OLKI is required for this wrpose this levd of reseryes has en maintsined IhrowJlK)ut the year. In preparing this report, Ihe Trustees have tak ad¥tage of the small companies exempts'ons provided by section 415A of the Companies Act 2006. Approved by f Trustees 8nd Sied on behawty. L Heggessoy Chair Dale.. 201712¥ P&Je 5
THE GRIERSON TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GRIERSON TRUST I'the Charity.) I report lo the charity Trustees on my eThnination of the &comts of the Charity for the ye ended 31 December 2021. RESPONSIBILrriES ANO BASIS OF REPORT As the Trustees of the Charity land its direct(Ks I the wrposes of company lawl you are responsible for the preparation of Ihe accfyJnls in a¢dance with the requirements of the Companies Act 20061'lhe 20( ACVI, Hawng satisfied myself that the accounts of Ihe Charity are not required to be audited under Part 16 of the 2006 Act and are eligie for independent examination, I report in respect of my examination of the Charitys accounts arried out under 5ecb.on 145 of the Charrties Act 2011 1.the 2011 Act). In catrwng out my examination I have followed the Directions given by the Charity Commission under sects"¢)n 14515){bl of the 2011 Act. INDEPENDENT VAAMINER'S STATEMENT &'nce the ChariW5 gross Iorne exceeded £250,(th y1 exarniner must be a member of a body listed i) section 145 of the 2011 Act. I confirm that l am qualified to Lndertake the examination Lwuse l am a member. of ICAEW. bvhich is one of the listed bodies. I have compleled my examination. I confimi that no matters have come to my attention in connectK)n wtth the examination giving me cause to beIve.. aClting records were r¥)1 kept in respect of the Chanty as required by section 386 of the 2006 Act.. c¢ the accounts do not accord those records.. the aec(yJnts do not COM the accounliro requirements of Secti 396 of the 2006 Act other than any qUirement that the 8ccwnts give a 'true aTrJ fairf vie vthith is not a matter sidered as part of an independenl examinati.. or the accounts have not been prepared in accordance the meth(%Js and principles of the Statement of Recommended Practice lor accounting and repOrt1j by charib.es [appIable to charities preparing their accounts in accordance wth the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102)]. Page 6
THE GRIERSON TRUST INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 I have no concems and have come &ross no other matteTS in ccfftneckn wlh the examinaliorb lo which attention sht)uld be drawn in this report in order to enable a Fryer understanding of the accounts to be reached. Signed= Dated. 22 lo412oll H Young ICAEW SOPHER + CO LLP Chartered Accounlanls 5 Elstree Gale slfee Way 8orehamwood Hertfordshire WD6 1JO P7
THE GRIERSON TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021 Unreytritted funds 2021 Total funds 2021 Totsl funds 2020 Nots INCOME FROM: Voluntary Income Activities for geneTth"ng furnls Investment Income 16.000 357.942 1.256 16.000 357,942 1,2S6 93.500 232,455 2.390 TOTAL INCOME EXPENDITURE ON: Raising funds Charitable activities.. Mentoring costs Governance costs 375.198 375,198 328.345 286.378 286,378 157.224 42,840 15,606 48.015 12,186 1S.606 TOTAL EXPENDITURE 344.824 344,824 217.425 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Tolol funds brought forward Nel movement in funds 30.374 30,374 110,920 317.920 30,374 317,920 30,374 207,000 110.920 TOTAL FUNDS CARRIED FORWARD 348.294 348,294 317,920 The Statement of Financial Activth"es IndeS all gains losses recognised in the year. The notes on pages 10 to 17 fom p8rt of these financial ststements. Page 8
THE GRIERSON TRUST REGISTEREO NUMBER: 04855173 BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Note FIXED ASSETS Tangitrje assets CURRENT ASSETS 2.624 Oeblors Cash at bank arKI in haTrJ 10 37.393 348.117 38,489 397.695 CURRENT LIABIUTIES 385.510 436,184 Creditors.. amounts falling due thin year 11 (39.1841 1120,8881 NET CURRENT ASSETS 346.326 315,296 TOTAL NET ASSETS 348.294 317,920 CHARITY FUNDS Restricted funds UNeslricted fvnds 12 12 317.920 TOTAL FUNDS 348.294 317.920 The Charity was entitled lo exempts'on frtyn aJit section 477 of the Companies Act 2006. The members have r1 required the company to obtain an audrt for the year in question in accordance with section 476 of C¢)mpanies Act 20[. The Trustees acknovAedge thar resF<Jnsibilities fN COMn9 the requirements of the Act with respect to accounting record5 and preparati offinla1 ststemerrts. The financial slalements have been prepared in accordCe Ihe provision5 apICable lo enlthes SU.e to the small companies regime. The fina ents yre appro¥Ed and arthorised f issue by the TNstees and srgned on their behalf by.. L Hegge$$ey Chair Dale.. IIIIz- The notes on pages 10 to 17 fc part of these financial statements. Page 9
THE GRIERSON TRUST fr4OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2021 ACCOUNTING POUCIES 1.1 Basis of preparatlon of financial statements The financial statements have been prepared in accordance wth the charib.es SORP IFRS 1021 Aecountsng and Repofliry by Charib"es: Statement of Recommended Practice aP1¢ab lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Rewljic of Ireland IFRS 102) lellective 1 January 20151, the Finan¢pl Reporting Standard applicable in the UK aTrJ Republic of Ireland {FRS 102) and the Companies Act 20C6. The Grierson Trust meets the defiThiion of a putlic beneffl entty under FRS 102. Assets and liabilities are initialty reeognised al hIstcl cost or transaction value unless otherwse staled in the relevant accounting pOIy. 1.2 Ineome Al income is recognised once the Charity has enliuement lo the income, it 15 probable that the .income wll be received and the arnnI of income recavable can be measured relrdbly. Donated services or facilits.es are recognised vthen the Charity has control over the item, any conditions assctiated wth the donated item have been met, Ihe receipt of economic benefit from the Use of the Chanty of the rtem is rxobable and that eceffjomic be1 can be measured relkqbly. On receipt, donated Fyolessional services and donated facilities are Tecthjnised on the bash8 of the value of the gift to the Charrty whth 15 the amount the Charity would have been Trmlling to pay lo obtain seNces or facilities of equivalent economic berEfiI on the open market", a corresponding amount is then recognised in expendilLYe in the wicdj of receipt. Income tsx recoverable in rdalion to donats.ons received under Gift Aid or deeds of covenant is recognised at the bme of the donatbw. Income tax recoverable in rdats.on to investrnent income is recognised at the tsme the investment income is receivable. 1.3 Expenditure Expenditure is reco9nised once there is a legd or cOnStrti¥e obligation to transfer economic benefit lo a third party. rt is probable that a transfer of economic beneffts 1?1 be reqUId in setuement and the amount of the Obsigat can be measured rdiabty. Expenditure is classified by aclivily. The costs of each actiwty are made up of the total of direct C051s an¢J shared costs. including support costs involved in undertaking each activity. Direct cost5 attributsble to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attribthable to a single actNity are apportK)ned beeen those activities on a basis consislenl wilh the use of resources. Central staff costs are alllxated on t basis of lime spent. and deprKialion charges allocated on the portion of the asset's use. Support costs are those costs incuffed direclty in suppr)rt of expenditure on the objects of the Charity. Governance costs are those Irrred in c¢)nneclion with administration of the Charity and compliance th constilulic4HI and stslulory requirements. Costs of generating fvnds are Costs incurred in attracting voluntary income, arKI those incwred in trading a"tIeS that iaise funds. Page10
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POLICIES (CONTINUED) 1.3 Expenditure (CONTINUED) CharitstAe actIve¥ arKI Govemance costs are costs inCud on the Charivs educational operations, includiThJ sup1 costs arJ costs reling lo Ihe 9ovemance of the Charity apportioned to tharitae aclivits"es. 1.4 Interest recelvable Interest on funds held cn dewsit is included Ythen receivable and the amount can be measured reliably by the Chartty.. this is rrMallY upon nolffication of the interest paid or payable by the Bank. 1.5 Tanglble fixed assets and depreciation Tangible ffxed assets costing £250 or more are capitalised and recognised when future econom benefits are probable and the cost or value of the asset can be measured reliably. TarrfJible fixed assets are initialty recwised at cost. After recc#3nrtm. under the cost mctyjel. tangible fixed assets are Measu at cost less attumulated depreciation and any accumulated impaimienl losses. Al costs incurred to bring a larrfJiUe fixed assel Into ils intended wolking condstion should b irKluded in the measurement of cost. Depreciation is tharged so a$ lo allocate the cost of langble fixe(l assets less their residuaj vae over their estimated useful lives. . Depreciation is provided ¢)n the kYINing basis.. 01re equipment 25% Reducing balance 1.6 Debtors Trade and other debtors are recoynised al the settEement amount after any trade discount offered. Prepayrnenls are valued al the amovnl prepaid net of any trade discounts due. 1.7 Cash at bank and In hand Cash * bank in hand indudes cash and short-terni highty liquid investments with a short maturity of three months or less from the date ol acquisiti or opening of the depgsil or similar account. 1.8 Liabilities and provisions Liabilities are recognised there is an otAigation at the Balance Sheet date as a result of a past event. il is probable that a transfer of economic benefft VAII be required in setuemenl, and the amount of the setuement can be esb"mated reliaity. Liabilitses are recognised at the amount that the Charity antKipales rt will pay lo settle the debt or the amount it has reved a5 advarted payments for the goods or Servi5 11 mu51 provide. Provisions are measured at the best estimale of the amounts required lo sellle the obligat. Where the effect of the lime value of money is m*erial. Ihe Provision is based on the wesent value of those amounts, discounted at the pre-tsx dixount rate that reflects the risks sFecrfic lo the liability. The UnndIng of the th"scount is recogrnsed in the Statement of Finanual Ath"vrtJ"es as 8 finance cost. P8ge11
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ACCOUNTING POUCIES {CONTINUED) 1.9 Financlal instrurnents The Charity onty has finarrial a5sels and financial liakn"litie5 of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised al transactson value and subsequenlty measured at their selllement value wrth the exception of bank loans which a subsequently measured at amortised cost n9 the effective interest mellxI. 1.10 Penslons The Charity cper*es a defined contriLwJtion pension scheme and the pension charge represents Ihe amounts payable ty the Chanty to the fun(1 in respect of the 1. 1.11 Fund accounllng General fund5 are unTeslncted funds wthich are available for use al the disc11¢ of the Trustees in ftjrtherance of the gefte objeclives of Ihe Chty and vthich have not been desKJnaled for other purposes. 1.12 Company status The Charity is a company limited by guarantee. The members of the company induded the Trustees named on page 1. In the event of the Charrty being wound up, the liability in respect of the guarantee is limited to £10 per member of the Charity. INCOME FROM DONATIONS AND LEGACIES Unwestrlcted funds 2021 Total funds 2021 Totsl funds 2020 Grants arKI donaty)ns 16,C 16.ODD 93,500 INCOME FROM OTHER TRADING ACTMnES Income frorn non Charitable tradlng a¢tlvitles Unrnstricted funds 2021 Total funds 2021 Total funds 2020 Charity trading iome from events and sporwstrip 357.942 357.942 232,455 Page 12
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 INVESTMENT INCOME Unrestrkted funds 2021 Total fund$ 2021 Total funds 2020 88r* interest 1.256 1.256 2.390 EXPENDITURE ON RAISING FUNDS Costs of rnislng Yoluntsry InM• Unrestricted funds 2021 Total tunds 2021 Total funds 2020 Awards CereMY $t$ Award judges fees FundraisiTrJ and picIty Wages and salaries SLXi81 security costs Contribution to defined contribution pension sdvnes 1.292 150 18.733 44.152 3.534 23.517 196.292 150 18.733 44.152 3.534 23.S17 70,389 17.314 43.402 3.196 22.923 286,378 28S.378 157,224 Page13
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 ANALYSIS OF EXPENOITURE ON CHARITABLE ACTMTIES Summary by fund typg UnTeslrfcted funds 2021 Total funds 2021 Total fun(Is 2020 MentoriNJ costs Governance costs 42.840 15.606 42,840 15.606 48,015 12.186 58.446 $8.446 60.201 Summary by expenditure type Totsl funds 2021 staff costs Other costs 2021 2021 Mentoring costs Govemance costs 86.419 143.5791 42.840 15.606 15,606 86,419 127.9731 $8.446 Total funds 2020 Stsff costs Olher costs 2020 2020 Mentoring costs Governance costs 75,437 127,422) 12.186 48.015 12.186 75.437 115,2361 60,201 Page 14
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 STAFF COSTS 2021. 2020 Wages aThJ salaries Social Suty costs Contribution lo defined contritMJtion pension thmes 123,109 9.044 25.468 112.322 7,958 24,676 157.621 144,956 The average number of perstMs emFAoyed by the Charty during the year byds as follovts.. 2021 No. 2020 No. Employees No empk)yee received remuneration amcwting to mcve than £60.000 in either ar. TRUSTEES, REMUNERATION AND EXPENSES During Ihe year, ro Trustees received any reMeratiOft or other tenefits12020- £NIL). During the year ended 31 Decemter 2021. no Trustee expenses have been irKurred {2020 - £NILI. Page 15
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 TANGIBLE FIXED ASSETS Offlce equipment COST OR VALUATION Al 1 January 2021 3.498 Al 31 December 2021 3.498 DEPRECIATION Al 1 January 2021 Charge for the ye¥ 874 656 Al 31 December 2021 1.530 NET BOOK VALUE At 31 December 2021 1,968 At 31 December 2020 2.624 10. DEBTORS 2021 2020 Trade debtors Other debtors Prepayrnenls and accrued income 8,SSO 20,018 8.82S 14.060 11.136 13.293 37,393 38,489 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade uedilors Ac(¥uals and deferred income 30.283 8.901 28,807 92,081 39.184 120.888 Page 16
THE GRIERSON TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 12. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 December 2021 Balance at 1 January 2021 Income Expenditure UNRESTRICTED FUNDS General Funds- all funds 317.920 375.198 1344.824} 348,294 STATEMENT OF FUNDS - PRIOR YEAR Balance al 31 DeCemr 2020 Balance at 1 January 2020 Income ExFenditwe UNRESTRICTEO FUNDS General Funds - 851 funds 207.000 328,345 1217.425} 317.920 Page 17