## **Charity Commission** ## Charity Commission Annual Return 2022 ## **THE STANLEY GRUNDY FOUNDATION LIMITED** Charity registration number: 1102419 **Most of the information you give in this form will become publicly available on the Register of Charities. Any field that the Charity Commission will not display will be clearly marked. This document is a record of the information provided in the Annual Return 2022.** ## **Financial period** ## **Financial period start date** 01/01/2022 ## **Financial period end date** 31/12/2022 ## **Income and spending** ## **Income £** £72,767 ## **Spending £** £111,033 **Serious Incidents** **For the period of this return, were there any serious incidents in your charity that have not been reported to the Charity Commission?** No ## **Fundraising - professional fundraiser** **Did your charity raise funds from the public?** No ## **Grantmaking** **Was grant making the main way your charity carried out its purposes?** No ## **Government contracts** **During the financial period for this annual return, d, id the charity receive income from contracts (other than grant agreements) with central government or local authorities?** No ## **Government grants** **During the financial period for this annual return, did the charity receive income from grants from central government or local authorities?** No ## **Income from outside the UK** **Did your charity receive income from outside the UK ?** No ## **Spending outside England & Wales** ## **Did your charity operate outside England and Wales?** No ## **Trading subsidiaries** **Did the charity have any subsidiaries?** No ## **Trustee payments** **Did any of the trustees receive any remuneration, payments or benefits from the charity other than refunds of legitimate trustee expenses?** Yes **Did any of the trustees resign and then take up employment with the charity?** No **Did any of the trustees receive payments or benefits for:** - ⊠ being a charity trustee? ## **Employees' salaries** **Did any of your charity's staff receive total employee benefits of £60,000 or more? Select No if your charity does not have any staff , or does not pay any staff.** No **For your highest paid member of staff only, what was the total value of their employee benefits?** **(For example if your highest paid member of staff received £35,000 enter 35000). If you do not have any staff or did not pay any staff, enter 0 (zero)** £12,000 ## **Volunteers** **How many UK volunteers, excluding trustees, did the charity have during the financial period?** 0 ## **Financial controls** **Did your charity review its internal financial controls?** Yes **Fundraising - commercial participator** **Spending outside England & Wales** **Spending outside England & Wales** **Privacy statement** **Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commission unless:** - **you have consented to their release; or** - **we are legally obliged to disclose them; or** - **we regard disclosure as either (a) necessary so that we can properly carry out our statutory functions or (b) necessary in the public interest.** **We may share and disclose information about you with relevant public authorities, regulatory bodies and agencies, outside the Charity Commission but only if:** **· we can lawfully do so; and** - **we decide that disclosure is necessary for national security, crime detection, prevention, and law enforcement, or other issues in the public interest** **Information we collect about you** **We will use this information:** **To enable us to carry out our statutory functions and duties; This will include the following actions:** - **(a) update, consolidate, and improve the accuracy of our records;** - **(b) undertake crime detection and prevention and law enforcement and assist the third parties specified above to investigate or prevent crime and carry out law enforcement;** - **(c) data analysis, testing, research, statistical and survey purposes** **Information we receive from other sources.** **Information we receive from other sources** **We may combine this information with information you give to us and information we collect about you.** **We may use this information and the combined information for the purposes set out above (depending on the types of information we receive).** **We will ensure that any such disclosure and use is proportionate; considers your right to respect for your private life; and is done fairly and lawfully in accordance with the data protection principles of the Data Protection Act.** **The Data Protection Act 1998 regulates the use of 'personal data', which is essentially any information, however stored, about identifiable living individuals.** **As a 'data controller' under the Act, the Charity Commission must comply with it. Any changes we may make to our privacy statement in the future will be set out in the replacement version of this form.** **Please check back frequently to see any updates or changes to our privacy policy.** ## **Declaration** ## **Your role at the charity (select one):** ⊠ Trustee DIANE **Given names** HOLMES **Family name** 02074357905 ||02074357905| |---|---| |**Telephone**|| |**number**|| ||| |**Email**|dmholmes@blueyonder.co.uk| ||| |**Date submitted**|11/10/2023| **It is a criminal offence under section 60 of the Charities Act 2011 for anyone to knowingly or recklessly provide false or misleading information to the commission; this includes suppressing, concealing or destroying documents.** Ooatrsvjn En%EI)pe ID." 40DJDEEgOA3E471&84FI4F&448107589 The Stanley Grundy Foundation Limited Company Registration Number 05035587 The Stanley Grundy Foundation Limited Report and Accounts 31 December 2022 *AC7KXF4J* 1W07r2023 COMPANIES HOUSE A13 #171 Dcusign Enveltw ID". 40DLKIEE&OA3E471&84F1.eFW1107589 The Sianley Gnjnty Foundation Limited CompaJ)y Refffisiraiion Number 05035587 Trtsst¢es Annual Report for tb¢ year ¢Thd¢d 31 Decethbtr 2022 The Trnslees present their report and accounts for ihe year ended 31 Decembe¥ 2022, which also omprises ihe Director's Report required by The Companies Act 2￿?6. structu￿ Governance & Management The charity is a company limiied by guara￿ee (number 05035587), govemed by its Memorandwn & Articles of Association and i5 a Tegis*red charity (number 1102419). Tr•stees The Trnstees, who are also directors of the company. and who served during the year were.. Susan Gre¢nhill Diane Holthes Andr￿ Holmes Bernard Carn¢ll Arabella Lofts (apFM)inted dire¢tor 20 September 2022) Direetors AII TTUStee5 are directors of the company. The director of the cimpany who w&8 no¢ a tNstee was.. Xanthe Greenhill The Trustee5 comply with The Charities Commission (CCJO) Guidelines in re¢n]iting. findin& and vetting potential TNst¢¢s. Objeetives ¥Dd Activities The objectives of ihe charrty are io support charilie5 and good causes which advance education. relieve ￿y¢Tty, supp)rt children and medical chariiies. The main aciiviiies undenaken in relaiion to those puw¢5 during the year wa5 the making of grants to ¢haritl¢5. Graot making poliey The Trnstees of th¢ charity have fonnulated J grants policy as thtailed below.. The TnLSte¢s will consider applications for grdnts in April and (ktob¢r in an accounting ye¥. Oocusign Erwelope ID.. 4000DEE￿0A3É471￿]-eFBAA8107s89 The St3nl¢y Grundy Foundation Limited Company Registraiion Number 05035587 In accordance with the wishes of the founder, stanley GnM￿y. the Trnsiees wish io continue to suppon charities and good causes which advance education. relieve p)verty. supp)rt children and rnedical charities. Applicaiion5 for gnnts Sh￿ld be made by email to dminn( vfolind Name and address of the organisation Charity registration number The objeaives of the organtsaiion The Trustee5 Grants Policy will be reviewed as and when the need arise5. A¢hievemeTht and Perfornante- Finantial Revie tksplte the Fo￿datIOn suffering a reduction of equity of over £J(M),0￿ in 2022 following the sto¢k market's volatility and an income of £72,767 we maiiatred to dI￿ribuTe £84.(M)0 10 19 charities by drawing down £25.0(K) from upital reserves and keeping our overheads as low as reasortabty possible. W¢ trust that in 2023 ihe stock markel will rally and we will t* able to rettrn to distribuiing £IOO.000 each year to go(Kl causes. R¢s¢rves & Investment Poliry The Trustees have ad0￿ed 4 p)licy of endeayourine to retatn sufficient fwujs io mainlaiTh the urreni level of granis whi]si proteciing the reserves from the effecis ol-. inflatTron. The TTusiees determine the inve5tm¢nt policy with the benefil of ex*mal advice from stockbrokers. It is iniended ihat ihL5 policy will be adhe￿d to for the near fiattjre. whilsr re¢ogni5ing that th¢re may iemporary shortfalls &% a ¢onsequenc¢ of fluctuations in $to¢k market value5. Rlsks attd uncertaiDti¢s fxing Ihe cb*r•ty The Trustees have a duty to identEfy and review the risks to which the charity i5 exposeAt and to ¢n5ur¢ appropriate controls are iTh place to provi(k re8son3ble assurJnc¢ against fraud and error. Statem¢nt of the Trustees, Respofvsibilities The charity'5 Trusttts are resp)n5ible for the P•ion of the accounts in accordance with appli¢able law and United Kingdom Accounting Stsndards (Uniied Kingdozn G¢n¢rally Acc¢pl¢d Accounting Praciice). The Companies Aci 2006 and charity law requires the Board of Trustees to prepar¢ r]nan¢ial statements for each financial year which gives a true and fair view of the stale of affa¥rs of the charity as at the end of th¢ financial year and of the swplus or deficit of the chariry. In preparing those financial $￿ements the Board is required to: Prepare the accounts in ￿ordanCe with Uniied Kiiigdom Geller311y Accepted Accounting Prartice (Uniied Kll4d(wn Accouttiing Swidards aThd applithle law) Selea suitable a¢counting politiw and appty ih¢m Consistefttly," Mak¢ judgements and estimate5 that are reasonable and prndent" Do¢uSgn Envelope ID.. 4OCXJOEEg1I43E471WF1-BF&AA8107589 Th¢ Stgnley Grundy Foun(tstion Limit¢d Company Registrdtion Nuinber 05035587 Prepare the financial statements on a going ￿ltern basis unless it is inapwopriate to preswne the charity will continue in tMJ>ine5S: Sthte whether applfftcable accounting staThdar& and statements of rewmm¢nd¢d pradi¢¢ have b¢en followe4 subject lo any material d¢￿Tru[c$ di￿10:￿ aJtd explained in the financial statements. The Trustees are abo respmsible for mainiaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficitnt to show and explain the charity's transactions and enable thern to e.Dsure th¢ financial statements compty with the Companies Ad 20(kS and comply WEth regulations rnade und¢r lh¢ ChaTlties Act. They are a150 r¢5ponsibl¢ for safeguarding the asseTS of ihe chariry and hence for kfftg reasonable st¢P5 for the prevention and detecrion of fraud and other irregularities. The T￿￿e£S are also responsible the contents of the Trustee's report, atKI the statutory restMTrnsibility of ihe Independent Examiner in relation to the Trustee's report is lirnit¢d to examining the report and ensuring ihat, on the face of the rErrtJ¢ there are no maierial inConsistenc￿S with th¢ figur¢s di5clos¢d in the financial ¢tatem¢nts. This r¢p)rt wa5 approved by the Board of Trustees on Mrs D Holm¢s Directorand Trustee 22 May 2023 1 8:32:32 POT E)orJJSgn Enb*lJre ID.. 40DKlEEg1143E471f*84FI￿FwIl07589 The Stanley Grundy Foiindation Limited Company R¢gistralion Nwnber 05035587 Report of the ImdepeAde#t Ei*thiner to the Tt*strts of th¢ eb¥rit4ble Compa￿Y 0￿ the Accounts for the yegr ettded 31 Deeember 2022 I report on the fjnancial staiemems of the chariiable c(Mnpany on pages 7 to 17 for the yeaJ ended 31 DecemtrRr 2022 which have been prepared irt accordance with The Charities Act 2011 (The Act) and with the Financial Reporting Slandard 102. (effective l January 2016) a5 modified by FRS (85 amended by the Bulleiin issued in February. 2016) published by the Charity Commission in England & Wales (CCEW). effeciive January 2015 (SORP), under the hisiorical c05t conv¢ntion and the accounting policies set out on page 10. Respe¢tive responsibilities of the Trustees and the Inde￿ndent Examiner As desCri￿d on page 8, the charitabl¢ ¢ompany'5 Trusipes who are ai50 the Directors of the company for the purposes of Company law, are restx)n5ibl¢ for the preparntion of the f￿8￿(181 Statements in accordance with applicabl¢ law United Kingdom Getkerally Accepted Accounting Practice. applicable to smaiter entities. and for beitig salisfied thai the f￿￿1claI s¢at¢ments give a true and fair view. The Tnjstees consider that the audit reqwrern¢nt of Se￿10￿ 144 {1) of the Charitie5 A¢1 2011 (Tr Act) does n(A appty, and that there 15 no requiremenl in the M¢morandwn and Articles of the charity for ihe conduciing of an audit, and that the acwjnts do not r¢quiiE an audit in accordanc¢ with Part 16 of the CompaDie5 Act 2006 and that no InembeT ha5 requesred an audit pursuant to Se¢tion 476 of the Companies Act 2006. Therefore, the TrLt5tees have elected that the fllwicial statements be 5ubjert to independeDi examination. Having satisfied myself that the charity is not $ubject to an #udit under any legal pmvision or otherwise. and it 15 eligible for independent examination. i( i& my responsibility to- a) Examine the accounts under S¢¢tion 145 of Ih¢ Alt b) Follow the procedures in the DI￿tionS given by the Charity Commission under Section 145(5Xb) of the Aci aid ¢) Stsie wheiher particular matters have come to my att¢rttion Basis of Indepe#dent Ex•miner's S¢aleme*l aDd ￿0p¢ of work undtrtakeD l conducted my examinaiion in accordanc¢ with Ilie G¢nerdl Directions given by the Charity Commission uTrJer Seciion 145 (5Xb) of the Act, Setting Qui th¢ duties of an Independent Examin¢r in relation to the conduaing of an inde￿Ilde￿I examination. independent examination in¢lud¢s a review of the accouniing records l&pt by the charitable company and of the accounting systems employed by the charAthble comptyny and a comparison of the fmaftcial statements presenied with those records. It also inc]L￿e$ consideration of any unusual iterns or disclosures in ihe flnancial statements, and s¢eking ¢xpiaTharions from yow as Trustees, concerning such matter5. The purp05¢ of the examination is to establish as far as trf)￿lb￿, that there hav¢ been no breache5 of charity l¢gi51ation and (he fJnan¢ial stateTnents comply with the SORP. on a test basis of evidence releTrfant lo the amounts and discloswes in the Ilnancial ststements. The Pr￿edureS Undertak￿ do not Frovide all the evithnce that would be reqllited in an audit, and inforn)aiion supplied by tht Trustees in the course of the examination 15 not subjected to audit t¢Sts or enquiries. and consequently I do not express an audit opÈnion Cpn the view given by the rLnan¢io1 staiemenrs. and in particular: l exprtss no opinioji as 10 whether the financial ststements give a true and fair view of the affairs of ihe charty. gfdl my rel￿ 15 limiied to the matters set out in the siatement below. IiocuSi9n Enve&)pe10. 4t(M]DEEW3E471&84F14FW8107589 The Stanley Grundy Foundatirjn Limited Company Registration Nu]nber 05035587 I planned and perfornied my examination to saiisfy rnvself ihat the objective5 of the iNlependeni examination are achieved and before finalising the r￿[￿rE l obtained WTitten assurnn¢¢s from th¢ Tn￿le£S of all maierial mauers. Independent Examioer's Statsmeftl. Repor( and Opinio Subject lo the limitaiions upon the xope of my work &5 delail¢d above. in ¢onnedion wilh my exaJnination. I can confm thai tK) material Ma￿[S have ¢x)rn¢ lo my at¢¢ntion which gives me cause to ￿lieVe that in, any rnaterial respect= th¢ a¢¢ounting Te¢(rds were not kept in a¢¢or5035587 Notes io the *¢¢ounts for the vear ended 31 Dew-nlKT ry022 l Attounti•z Poli¢i¢s Basis ofthe preparati•th ald •¢eourtlittz ¢offjv¢ttti,)n These accounts bave been prepared in accordanc: with FRS 102 'I1he Financial Reponing Standard applicable in the United Kingdom and Repkublic )i' Ireland (FRS 102). Accounting and Reporting by Charities. the s￿lement of Recommer",ded Pjartice for charities applying FRS 102, th¢ Companie5 Aci2006 and Generalty Accewed A¢.))Iiniin&t Practice as ir applies from 2 January 2015. The accounts have been p￿pared under the histO￿.1.￿)5t IA￿ventIOn or. an accTua15 ba5iS. Going ¢oTh¢ern Ai ihe time of aprKoving the a¢£owits. the Tru5tee5."iave a rta50nable expectal￿n that the charity has adeqyaie resources to continue in operaiional ex. >tenct. for the near fiiture. Thus. the Tru5t¢¢5 continue to adopt ihe ongoing concem basis of acco.mttnE F¢ir preparin£ ihe atcounts. Fixed Asset Investments Fixed asset invesknents in unlisied equiti¢s (see noti 8) arc .. hown atthe balance sheet date at the besi esiimate of iheir market v#Eu¢. wher¢ prdclicabl.:. Whtr.p: valuation technique5 are considered unreliable or where. in the opinion of th¢ Trost¢¢s, i.ii aisis outweigh the ￿nefItS to th¢ users of the a￿o￿ntS, the investment is included ai cosi and a revb:. li is undertaken at ¢ach year end as to whether the asset sh¢wld be wrirren down. All gakns ￿ fixed assei investments. whdher realisf d or unrealised. are included in the Statement of Financial AciAviiie5. 2 Liability to taxation The charity is exempi from tsx*ion in r¢5pe¢t of ir come.*' capitsl gains to the exient thai such in¢om¢ or gains are applied exclusively on the s￿1￿1( cha.7 able obj¢¢iives of lh¢ ¢harity and for no other purpose. Value Added T&x is not recovera.kli'. "k.e charity. ar￿ it 15 th¢r¢for¢ in¢luded in ihe relevant Costs in the Stsiemeni of Financial A ..Ii¥ilii.'i. 3 Winding up or dissolthtiots of the eharity If uport winding up or di5501ution of ihe charity the)" tm".: u1s any asseL* after the satisfaction of all debts and liabilities. the assets represent¢d byth¢.-￿:uMi￿￿ted fimd shall be iransferred lo some other charitable boty or bodies having $imilarobjeA-.jiT5 t... he charity. io "lfj¢uS4n En¥dop¢10.. 40CXJDEE&OA3E471ft84F1-BF&W10758S The &anl¢y Grundy F￿.¢￿dItI1" r Limited Company Retsisirnion Trlwnbtr 115035587 4 Inv¢sim¢nl gai 2022 2021 Reali5ed gainsl(losses) Listed invesmients Total realistd gain￿￿0$$￿) Unrealised gainsl(iosses) athd writiEbg dow# of eanyin.: .￿alUeS List¢d investments- Unrealised Other w]listed investments- Unreali5¢d (199,086) 187,810 870 Total unrealised 2ainpJ(k￿es) et¢ Tolal ruli5ed ¥4Dd UDre8iised gains S Staff costs and etholumtnts Salary ¢0stS 2022 2021 Tru5ree's remuneration noie 6 Tot•1 sal#rw wages. and related ine5S: Sthte whether applfftcable accounting staThdar& and statements of rewmm¢nd¢d pradi¢¢ have b¢en followe4 subject lo any material d¢￿Tru[c$ di￿10:￿ aJtd explained in the financial statements. The Trustees are abo respmsible for mainiaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficitnt to show and explain the charity's transactions and enable thern to e.Dsure th¢ financial statements compty with the Companies Ad 20(kS and comply WEth regulations rnade und¢r lh¢ ChaTlties Act. They are a150 r¢5ponsibl¢ for safeguarding the asseTS of ihe chariry and hence for kfftg reasonable st¢P5 for the prevention and detecrion of fraud and other irregularities. The T￿￿e£S are also responsible the contents of the Trustee's report, atKI the statutory restMTrnsibility of ihe Independent Examiner in relation to the Trustee's report is lirnit¢d to examining the report and ensuring ihat, on the face of the rErrtJ¢ there are no maierial inConsistenc￿S with th¢ figur¢s di5clos¢d in the financial ¢tatem¢nts. This r¢p)rt wa5 approved by the Board of Trustees on Mrs D Holm¢s Directorand Trustee 22 May 2023 1 8:32:32 POT E)orJJSgn Enb*lJre ID.. 40DKlEEg1143E471f*84FI￿FwIl07589 The Stanley Grundy Foiindation Limited Company R¢gistralion Nwnber 05035587 Report of the ImdepeAde#t Ei*thiner to the Tt*strts of th¢ eb¥rit4ble Compa￿Y 0￿ the Accounts for the yegr ettded 31 Deeember 2022 I report on the fjnancial staiemems of the chariiable c(Mnpany on pages 7 to 17 for the yeaJ ended 31 DecemtrRr 2022 which have been prepared irt accordance with The Charities Act 2011 (The Act) and with the Financial Reporting Slandard 102. (effective l January 2016) a5 modified by FRS (85 amended by the Bulleiin issued in February. 2016) published by the Charity Commission in England & Wales (CCEW). effeciive January 2015 (SORP), under the hisiorical c05t conv¢ntion and the accounting policies set out on page 10. Respe¢tive responsibilities of the Trustees and the Inde￿ndent Examiner As desCri￿d on page 8, the charitabl¢ ¢ompany'5 Trusipes who are ai50 the Directors of the company for the purposes of Company law, are restx)n5ibl¢ for the preparntion of the f￿8￿(181 Statements in accordance with applicabl¢ law United Kingdom Getkerally Accepted Accounting Practice. applicable to smaiter entities. and for beitig salisfied thai the f￿￿1claI s¢at¢ments give a true and fair view. The Tnjstees consider that the audit reqwrern¢nt of Se￿10￿ 144 {1) of the Charitie5 A¢1 2011 (Tr Act) does n(A appty, and that there 15 no requiremenl in the M¢morandwn and Articles of the charity for ihe conduciing of an audit, and that the acwjnts do not r¢quiiE an audit in accordanc¢ with Part 16 of the CompaDie5 Act 2006 and that no InembeT ha5 requesred an audit pursuant to Se¢tion 476 of the Companies Act 2006. Therefore, the TrLt5tees have elected that the fllwicial statements be 5ubjert to independeDi examination. Having satisfied myself that the charity is not $ubject to an #udit under any legal pmvision or otherwise. and it 15 eligible for independent examination. i( i& my responsibility to- a) Examine the accounts under S¢¢tion 145 of Ih¢ Alt b) Follow the procedures in the DI￿tionS given by the Charity Commission under Section 145(5Xb) of the Aci aid ¢) Stsie wheiher particular matters have come to my att¢rttion Basis of Indepe#dent Ex•miner's S¢aleme*l aDd ￿0p¢ of work undtrtakeD l conducted my examinaiion in accordanc¢ with Ilie G¢nerdl Directions given by the Charity Commission uTrJer Seciion 145 (5Xb) of the Act, Setting Qui th¢ duties of an Independent Examin¢r in relation to the conduaing of an inde￿Ilde￿I examination. independent examination in¢lud¢s a review of the accouniing records l&pt by the charitable company and of the accounting systems employed by the charAthble comptyny and a comparison of the fmaftcial statements presenied with those records. It also inc]L￿e$ consideration of any unusual iterns or disclosures in ihe flnancial statements, and s¢eking ¢xpiaTharions from yow as Trustees, concerning such matter5. The purp05¢ of the examination is to establish as far as trf)￿lb￿, that there hav¢ been no breache5 of charity l¢gi51ation and (he fJnan¢ial stateTnents comply with the SORP. on a test basis of evidence releTrfant lo the amounts and discloswes in the Ilnancial ststements. The Pr￿edureS Undertak￿ do not Frovide all the evithnce that would be reqllited in an audit, and inforn)aiion supplied by tht Trustees in the course of the examination 15 not subjected to audit t¢Sts or enquiries. and consequently I do not express an audit opÈnion Cpn the view given by the rLnan¢io1 staiemenrs. and in particular: l exprtss no opinioji as 10 whether the financial ststements give a true and fair view of the affairs of ihe charty. gfdl my rel￿ 15 limiied to the matters set out in the siatement below. IiocuSi9n Enve&)pe10. 4t(M]DEEW3E471&84F14FW8107589 The Stanley Grundy Foundatirjn Limited Company Registration Nu]nber 05035587 I planned and perfornied my examination to saiisfy rnvself ihat the objective5 of the iNlependeni examination are achieved and before finalising the r￿[￿rE l obtained WTitten assurnn¢¢s from th¢ Tn￿le£S of all maierial mauers. Independent Examioer's Statsmeftl. Repor( and Opinio Subject lo the limitaiions upon the xope of my work &5 delail¢d above. in ¢onnedion wilh my exaJnination. I can confm thai tK) material Ma￿[S have ¢x)rn¢ lo my at¢¢ntion which gives me cause to ￿lieVe that in, any rnaterial respect= th¢ a¢¢ounting Te¢(rds were not kept in a¢¢or5035587 Notes io the *¢¢ounts for the vear ended 31 Dew-nlKT ry022 l Attounti•z Poli¢i¢s Basis ofthe preparati•th ald •¢eourtlittz ¢offjv¢ttti,)n These accounts bave been prepared in accordanc: with FRS 102 'I1he Financial Reponing Standard applicable in the United Kingdom and Repkublic )i' Ireland (FRS 102). Accounting and Reporting by Charities. the s￿lement of Recommer",ded Pjartice for charities applying FRS 102, th¢ Companie5 Aci2006 and Generalty Accewed A¢.))Iiniin&t Practice as ir applies from 2 January 2015. The accounts have been p￿pared under the histO￿.1.￿)5t IA￿ventIOn or. an accTua15 ba5iS. Going ¢oTh¢ern Ai ihe time of aprKoving the a¢£owits. the Tru5tee5."iave a rta50nable expectal￿n that the charity has adeqyaie resources to continue in operaiional ex. >tenct. for the near fiiture. Thus. the Tru5t¢¢5 continue to adopt ihe ongoing concem basis of acco.mttnE F¢ir preparin£ ihe atcounts. Fixed Asset Investments Fixed asset invesknents in unlisied equiti¢s (see noti 8) arc .. hown atthe balance sheet date at the besi esiimate of iheir market v#Eu¢. wher¢ prdclicabl.:. Whtr.p: valuation technique5 are considered unreliable or where. in the opinion of th¢ Trost¢¢s, i.ii aisis outweigh the ￿nefItS to th¢ users of the a￿o￿ntS, the investment is included ai cosi and a revb:. li is undertaken at ¢ach year end as to whether the asset sh¢wld be wrirren down. All gakns ￿ fixed assei investments. whdher realisf d or unrealised. are included in the Statement of Financial AciAviiie5. 2 Liability to taxation The charity is exempi from tsx*ion in r¢5pe¢t of ir come.*' capitsl gains to the exient thai such in¢om¢ or gains are applied exclusively on the s￿1￿1( cha.7 able obj¢¢iives of lh¢ ¢harity and for no other purpose. Value Added T&x is not recovera.kli'. "k.e charity. ar￿ it 15 th¢r¢for¢ in¢luded in ihe relevant Costs in the Stsiemeni of Financial A ..Ii¥ilii.'i. 3 Winding up or dissolthtiots of the eharity If uport winding up or di5501ution of ihe charity the)" tm".: u1s any asseL* after the satisfaction of all debts and liabilities. the assets represent¢d byth¢.-￿:uMi￿￿ted fimd shall be iransferred lo some other charitable boty or bodies having $imilarobjeA-.jiT5 t... he charity. io "lfj¢uS4n En¥dop¢10.. 40CXJDEE&OA3E471ft84F1-BF&W10758S The &anl¢y Grundy F￿.¢￿dItI1" r Limited Company Retsisirnion Trlwnbtr 115035587 4 Inv¢sim¢nl gai 2022 2021 Reali5ed gainsl(losses) Listed invesmients Total realistd gain￿￿0$$￿) Unrealised gainsl(iosses) athd writiEbg dow# of eanyin.: .￿alUeS List¢d investments- Unrealised Other w]listed investments- Unreali5¢d (199,086) 187,810 870 Total unrealised 2ainpJ(k￿es) et¢ Tolal ruli5ed ¥4Dd UDre8iised gains S Staff costs and etholumtnts Salary ¢0stS 2022 2021 Tru5ree's remuneration noie 6 Tot•1 sal#rw wages. and related