Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited
Company Limited by Guarantee Unaudited Financial Statements
Period Ended
31 March 2025
Company Registration Number : 05010268 Charity Registration Number : 1102332
Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Report and Financial Statements for the period ended 31 March 2025
Contents:
Page:
- 2 Reference and administrative information 3-5 Report of the trustees 6 Independent examiner’s report 7 Statement of financial activities 8 Balance sheet 9-13 Notes forming part of the financial statements
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Reference and administrative information
Directors and Trustees
Mr A Grahame Ms S M Shaw Mr J A Greenwood Mr E Z Greenwood
Principal Office
Unit 102, 116 Ballards Lane, London, N3 2DN
Registered Office
Suite A, 1-3 Canfield Place, London, NW6 3BT
Charity Number
1102332
Company Number
05010268
Independent Examiners
Cameron Baum Hollander Ltd, Suite A, 1-3 Canfield Place, London, NW6 3BT
Bankers
Metro Bank Plc, One Southampton Row, London, WC1B5HA
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Report of the Trustees for the period ended 31 March 2025
The trustees present their report along with the financial statements for the period ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and 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 (SORP (FRS 102)).
Structure, governance and management
The company was incorporated on 8 January 2004, registered as a charity on 25 February 2004 and commenced charitable activities on the same date. The charity is constituted as a company limited by guarantee. The company was established under a Memorandum of Association and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.
Recruitment and appointment of trustees
The directors and trustees, who are also the directors for the purpose of company law, and who served during the year were:
Mr A Grahame Ms S M Shaw Mr J A Greenwood Mr E Z Greenwood
The Board has powers to appoint additional trustees as it considers fit to do so in accordance with the Memorandum and Articles of Association. The trustees hold office until retirement. There is no maximum number of trustees that the company may have and there is no restriction on their length of office. However, there must be at least two trustees. The trustees do not have a recruitment policy for appointing trustees and currently the trustees do not consider it necessary to appoint further trustees.
Trustee induction and training
Due to the size of the company there are currently no formal systems in place in relation to trustees’ induction and training. These will be reviewed as and when the trustees decide to recruit new trustees.
Organisational structure
The charity is organised so that the trustees meet regularly to manage its affairs and to decide on the distribution of funds. There is no relationship with any other charity or organisation.
Risk management
The directors and trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Report of the Trustees for the period ended 31 March 2025
Objectives and activities
The charity’s objects and its principal activities are that of the advancement of education, religion and the relief of poverty anywhere in the world and to act as a charitable fund. The income is derived from various investments and charitable donations. Its trustees have had regard to the guidance issued by the Charity Commission on public benefit.
Grant policies
The charity considers grant requests from organisations that fall within the criteria of the charity’s objects and makes such grants from cash resources available.
Achievements and performance
During the year the charity has continued to provide support to various charities in the United Kingdom and abroad.
Financial review
The Statement of Financial Activities shows net expenses of £7,641 (2024: £28,815 net income) after the revaluation of listed share investments. Unrestricted funds at the balance sheet date were £63,271 (2024: £70,912). Charitable grants made during the year were £265,728 (2024: £258,136).
The trustees consider that the performance of the charity this year has been satisfactory and that the present level of funding is adequate to support the continuation of the objects of the charity. There have been no changes in the activities or strategy of the charity.
Reserves policy
The charity’s policy is based upon the application within each year of a significant proportion of such unrestricted funds as are available.
Principal funding sources
The charity’s main sources of income are from donations and covenants and also the returns on the Investments held by the charity.
Investment policy and powers
The charity is authorised to invest in property and company shares as stated in the Memorandum and Articles of Association. The policy is to maximise income and capital growth whilst still keeping a relatively low risk strategy.
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Report of the Trustees for the period ended 31 March 2025
Plans for the future
The trustees continue to seek ways to maximise the charity’s income from its investments to enable it to continue to meet its charitable objectives.
Statement of directors and trustees responsibilities
The charity trustees (who are also the directors of Grahame Charitable Foundation Limited (by Guarantee) for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006, the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice FRS102 effective 1 January 2015. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees:
Mr Alan Grahame
Trustee
Mr J A Greenwood Trustee
12 November 2025
12 November 2025
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Independent Examiner’s Report to the Trustees of Grahame Charitable Foundation Limited Charity No. 1102332
_______________
I report on the accounts of the company for the period ended 31 March 2025, which are set out on pages 7 to 13.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under section 145 of the Charities Act
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.
Independent Examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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(2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mr Daniel Baum FCA Cameron Baum Hollander Ltd
Suite A 1-3 Canfield Place London NW6 3BT
Date: 12 November 2025
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Statement of Financial Activities for the period ended 31 March 2025
| Notes Incoming resources Income and endowments from Donations 5 Investment income 6 Total income and endowments Expenditure on Charitable activities Grants payable 9 Governance costs 10 Total Expenditure Other recognised gains/(losses) Profit & (loss) on disposal of FA Investments Profit /(Loss) on revaluation of fixed asset investments Total other recognised gains/(losses) Net movement in funds Balance at 1st April 2024 Balance at 31st March 2025 Net income/(expenditure) before other recognised gains/(losses) |
£ £ £ £ 260,000 223,235 1,753 3,082 261,753 226,317 265,728 258,136 4,811 4,067 (270,539) (262,203) (8,786) (35,886) 6,729 9,964 (5,585) (2,893) 1,144 7,071 (7,642) (28,815) 70,912 99,727 63,270 70,912 2025 2024 |
|---|---|
| 265,728 4,811 |
|
| 6,729 (5,585) |
|
All amounts relate to unrestricted funds, and continuing activities. The notes on pages 9 to 13 form part of these financial statements.
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Balance Sheet as at 31 March 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Investments | 14 | 22,930 | 42,953 | ||
| Current assets | |||||
| Cash at bank and in hand | 15 | 44,541 | 32,159 | ||
| 44,541 | 32,159 | ||||
| Current liabilities | |||||
| Creditors: | |||||
| Amounts falling due within one year | 16 | (4,200) | (4,200) | ||
| Total net assets | 63,271 | 70,912 | |||
| Total funds | |||||
| Unrestricted funds | 17 | 63,270 | 70,912 | ||
| 63,270 | 70,912 |
The directors and trustees are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006.
The directors and trustees acknowledge their responsibilities for:-
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(i) ensuring that the company keeps adequate accounting records which comply with section 386 of the Act, and
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Section 394 and 395, and which otherwise comply with the requirements of the Act relating to financial statements so far as applicable.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Approved by the trustees on 12 November 2025.
Mr Alan Grahame Trustee
Mr J A Greenwood Trustee
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Notes to the Financial Statements
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Suite A, 1-3 Canfield Place, London, NW6 3BT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling (rounded to the nearest pound), which is the functional currency of the entity.
Going concern
The financial statements have been prepared in accordance with the accounting principles appropriate to a going concern notwithstanding the deficiency in total funds at the balance sheet date. The trustees consider this to be appropriate having regard to the continued provision of financial support by the company's trustees and principal creditors.
Judgements and key sources of estimation uncertainty
There are no judgements made by the trustees, in the application of these accounting policies that have significant effect on the financial statements nor any estimates with a significant risk of material adjustment in the next year.
Fund accounting
General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. Income from donations or grants is recognised on receipt.
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Notes to the Financial Statements (continued)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred, with the exception of charitable contributions which are recognised on payment. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
Investments
Listed investments comprise publicly listed shares, which are included in the balance sheet initially at cost and subsequently at their market value at the reporting date.
Unlisted investments are held at cost less impairment as this is the trustees' best estimate of market value as at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are recognised at the amount receivable or payable including any related transaction costs.
4. Limited by guarantee
The Charity is a Company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.
5. Donations
| Donations and legacies | 2025 2024 £ £ 260,000 223,235 260,000 223,235 |
|---|---|
6. Investment income
| Income from listed investments Interest receivable |
2025 2024 £ £ 1,313 2,814 441 268 1,753 3,082 |
|---|---|
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Notes to the Financial Statements (continued)
7. Expenditure on charitable activities by fund type
8. Expenditure on charitable activities by activity type
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Charitable donations | 265,728 | 258,136 | |
| Support costs - governance | 4,811 | 4,067 | |
| 270,538 | 262,203 | ||
| 9. | Analysis of charitable donations | ||
| e | |||
| The Kadimah Foundation | 30,000 | ||
| British Friends of Jerusalem College | 25,000 | ||
| Belz Israel CharitableTrust | 20,000 | ||
| British Emunah Fund | 20,000 | ||
| shaarefedek UK | 15,000 | ||
| Other donations = £15,000 | 155,/28 | ||
| 265,728 | |||
| 10. Analysis of support costs | 10. Analysis of support costs | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Legal and Professional fees | 4,200 | 3,550 | |
| Bank Charges | 73 | - | |
| Sundry expenses | 34 | 13 | |
| Insurances | 504 | 504 | |
| 4,811 | 4,067 | ||
| 11. Independent examiner's fees | 11. Independent examiner's fees | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Independent examiner's fees | 1,000 | 1,000 | |
| Other fees payable to the independent examiner | 3,200 | 2,550 | |
| 4,200 | 3,550 |
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Notes to the Financial Statements (continued)
12. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
13. Trustees remuneration and expenses
All trustees give their time voluntarily and no benefits or expenses were paid to them in the year.
14. Fixed asset investments
| Listed Investments Unlisted Investments |
2025 2024 £ £ 22,866 42,889 64 64 22,930 42,953 |
|---|---|
Please see below for an analysis of the movement in the valuations of listed investments
| Valuation at 1 April 2024 Additions Revaluations Disposals Valuation at 31 March 2025 |
Listed Investment £ 42,953 1,313 (5,585) (15,750) |
|---|---|
| 22,930 |
15. Cash at banks and in hand
| Metro Bank Current Metro Bank Deposit |
2025 2024 £ £ 24,003 18,063 20,538 14,097 44,541 32,160 |
|---|---|
| Creditors: Amounts falling due within one year | |
| Accruals | 2025 2024 £ £ 4,200 4,200 4,200 4,200 |
16. Creditors: Amounts falling due within one year
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Docusign Envelope ID: B3BB877E-7685-462D-B148-5219DF2F8362
Grahame Charitable Foundation Limited Company Limited by Guarantee
Notes to the Financial Statements (continued)
17. Analysis of charitable funds
Unrestricted Funds
| At 1 April 2024 £ General funds 70,912 At 1 April 2023 £ General funds 99,727 |
Income Expenditure Other recognised gains/(losses) At £ £ £ 261,753 (270,538) 1,144 Income Expenditure Other recognised gains/(losses) At £ £ £ 226,317 (262,203) 7,071 |
31 March 2025 £ 63,271 31 March 2024 £ 70,912 |
|---|---|---|
18. Analysis of net assets between funds
| Net assets Current assets Creditors less than 1 year Net liabilities Net assets Current assets Creditors less than 1 year Net liabilities |
Unrestricted Total Funds Funds 2025 £ £ 22,930 22,930 44,541 44,541 (4,200) (4,200) |
|---|---|
| 63,271 63,271 |
|
| Unrestricted Total Funds Funds 2024 £ £ 42,953 42,953 32,159 32,159 (4,200) (4,200) |
|
| 70,912 70,912 |
|
19. Related parties
There were no related party transactions during the year.
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