REGISTERED CHARITY NUtVlBfi R: 1126509 REPORT OF THE TRUSTEES AND UNAUDITED FENANCIAL STATEEN[s FOR THE YEARENDED 31 DECEMBER 2023 FOR GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE Baiirtts Chartered AccolIall & ChaiteiEd Tax Advisei's 22 Union Sti"eet Newtoi) Abbot Devon TQ12 2JS
GREN ILLE HOU,8E oufDOOR EDUCATION CENTRE CONTENTS OF T14E FINANCIAL STATE1Ts for the Yeai. Ended 31 DeceJ)Iber 2023 Page Report of the Trustees lttdependent ExnIn£1 s Rq)ort stalen1 of Financial A¢tivitie8 B&lan¢¢ Sheet Notes to the FIn&lsaI Statenients 9 to 14 Detailed Statenient of Fittai)cial Activities 15 to 16
CJRENVILLE HOUSE oufDOOR EDUCATION CENTRB
REPORT OF THE TRUSTEES
foL tbe Yeai. Elided 31 Deceiiiber 2023
nie livslees preseijt tlieii. Itpoit witi) the fItnCial stateInents of the cl)a¥ity foi. the yeai. ended 31 DeceJ21ber 2023. The
tiustees ljave adopted 11)e i)rovisions of Accout)ting and Repoi'ting by Chai'ities.. Statenient of Recomnieiided Pra¢ti¢e
applicable to cliai'ities prepai'ing tlieii. accoiit)ts in accol'dance wilh the Financial Reportii)g Standard applicable ii) the
UK and Republic of Iirland (FRS 102) (effective l Jaiillaly 20191.
OBJECTIVES AND ACTIVITIES
Obleetlves and aliiis
Witli effeet froin 31st Octobei. 2022 Gi'enville House autdoor Ediication Cettiii converted fi'oni a liiiiited CoinpY that
Wa8 al80 a regisleird cliai'ity to a Fouiidation Clwrilable Incortx)raicd Oi'ganEsatioii {ClO).
Piioi. to that in 2008, Grenville House Outdo. Education CeLitre wei)t Ihi'oiigli the pi'ocess ot becoming a Liniited
Coinpany a8 well as a Chaiiry and opei?ted under tliat stsvcttiir with effect fron) 1st Januaiy 2009,
T]ic public beiiefit of the c11ty is achieved by caiiying out its Objects, wliicli al'e ag follows..
I, To PToinote tlie education of eliildi'en and yoiing p¢i3ons (5ncluding witl)oiit prejudiee to tlie generality of the
foi'egoing educalioii in naiitseal skills, envii'02llnental studies and bsstoi'y).. and
2. To piDvide in tl)e inlcrest of social welfai'e facilities t(>i' i'ecreational and otlier leisuLE tiine occupation foi" ohildi'en
and young peiBons wl)o by reason of their youth oi. social and ecoln1C ¢ircwTh%taiices aiE in i)eed of sucli f&ciliiies
witli tlie object of in)proviiig tl)e coiiditions of life foi'.%ucli ehRldien and young p¢rsoDS. aiid
3. To pn)mole the religious &iid ot]iei' ¢l)ai'itablc woi.k of the Chureb of England in tbe Di(K¢sc of Exeiei-.
We wovide tlie facilities and activities to ei)able groups, mainly fi'on) the Soutli Wesl, but also fvi'ther afield. 10 be able
to partieipatc in activiiies and educ8lion tlia¢ niay not otlThvi$e be available to them. The TrLlStees l]ave liad Legai'd to
tlie guidance given by tlie Cl)arity Coinniission on piiblic bci)efit.
Signifieant #etivltles
Reciuitment COJLtittued to be a Cliallenge especially for tl)e HOle1
GRF.NVILLE HOUSE OUTDOOR EDUCAI'ION CENTRE REPORT OF THE TRUSTEES for tbe Yea¥ Elided 31 Deceniber 2023 OBJECTtVES AND ACTIVITIEI S Neiv Developments A return to piE-Covid 01)ei'&ling levels allowed tlie resLllnption of allllual i'einvesttnent I'eouii'ed 10 mallitain the liigh standai'ds of die Ceiitre and tlie activity equipnient wliei'e needed. Development&linveslments of paiticiilar significance are oiitlined below: _ Activity Developinettts 1. 16 Inflatsble Staiid Up Paddleboards were PULEbased to upgi?de the aging fieet and incirase the niimbei. of parlieipants at any otie tiine. 2. An assoi'ljncjit of cliiiibillg equipinent inclLidkD8 liaiYe,%ses, chest hainesses rope and hardw, 3. 36 watei'spoj'ls liebn¢ls and assoi'ted safety equipment. 4. 24 canOeddle Centre Developments l. Sound ahsnybing c¢iling tiles to redie tlie noise ID the dining mon). 2. A wa.qliing macliine. 3. Two electric i'adiatoi's for the dryiiig iDoni. 4. 3 Piriii¢ belltli made fi'om Recycled plastic. 5. A condensiiig ga8 boilci. foi. tlie Ceiitre'8 Central l)eating Syst. 6. Tlic re-wii'ingj of tjie inaEn buildllig aud soine of tl)e exte1&1 buildinKs. 7. Pliis, tlie usual c05meiic upgi'ades and maintenance ot'the Centi"e ai)d site. VINANCIAL REVIEW Management of the Chorlty's A$sets and Reserves polfiey Tlie aiarity holds nioney in vai'ioiis bank accoiintq in liqiiid foi'jji as dieii. ttserves. These itserve funds are held at a level to cover the woi'king capital Irquii'emeiiis of tl)e Cliai'ity on an ongoing bdsis and 10 pi'ovide foi. futuiE maintenance and repai1. At the eiid of the fmancial yeai., the i'eseryes weJE at £281k, slislitly down on £294k at the end of 2022. Tlie Chaiity's poitfolio of Stocks and Sh'eS al'e held in order to pi'ovide incollie to enable die Cl)arity to eaii'y oiit its PUiPOSES year by yeai., and capital gi'owih lo plVIde for fiittii'e needs. Stockbt'oliers QLiilter have i£n I'e- appoiiited lo mattage the Cliai'ily's investnient poitfolio. It was agi.ecd that the aniiual pirsenlAtioTr given by ail Execiitive Dii'e¢toi' of the conipgny to tb¢ Tiisstees to i'eview the poi'tfolio's pei'foi'nianct will take place every two yeaiE unless exception ciirurnstance8 deeni it iiecessaiy to be held annilly. Quaitei'ly valuation slateiiieiits ai"e al.%0 Leceived wliicli enable the TITslee$ to see the movellient throughout the ye81'. The Tjvstees have taken a long ta'in view witli irgard to tlie illvestments and coiitiniie to have confidci)ce in the way Quilter Jnanage thE PULttolio. Til¢ dividend income gitw compatEd to 2022 atjust ovei- £17.7k. These dividends continue to ¢ontribiite lowai'ds the ongoiijg expenses of nll)ning the Cbai'ity, Any sbortfall is met fi'otn the Chai'ity's liquid assets i.e. cash hdd iii the bank accounts. Tl)e management of the Chai'ity's investnient pi'opeity by the Cents'e DÉiectOl IEdu¢ed iviiiiing costs )d the l'ent was increased by £50 pei. nionth. Tl)is pi'ovided an in¢iEased income of £9.7k net of Iiisurance, maintciiance and seryice cbai'ges. Th¢ pi'opeitys valiie decreased from £369.2k to £358.4k in tht ycai.. Page 2
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE REPORT OF THB TRUSTF.ES for the Yeai. Ended 31 Decekiibei. 2023 STRUCTURE, GOVERNANCE AND hlANAGEMENT Covei'ning doeument Witli tfrect fiyiin 3 1st Octobei. 2022 (e chaiity conve1.d to a FoUlatiOn Chai"itable In¢oipoi?ted OrgaDssaiion (CIO). Grellville House was originally known as the British Seamen's Boys, Hoine alld was built in Brixhatn 1863 as pait or tlie Toi'bay and Daitiiioutli Missioii to smell Wltli le object of piDvidiiig foj. the sons of deceased Bi'itRs11 seainen. It was eslablislicd by a Conveyance ld Trust Dce41 dated 2Iid Mai'¢h 1887, wliich liad a.s ils Objects.. "Tl)e lodging, feeding, clatl)ing and educating Irj tlie faith and priticipl¢s of tiie Chui'ch of England, as now ¢slablislied by law, d)e sons of deceased Bi'itish seaniei)." Tlie Hoiiie oyei?ted as an orplianage fi'om 1863 to 1988 wl)en it closed fot. two yeai's and then reopened as an Outdoor Education Centi'e foi yout]g pe'SOnS, witl) aLiiended Cliai'ity Objects, biit with the sanie values as tlie original ¢0cept of helping young p¢ople prepaie for life and t(1 eniiance tlieii. social and personal developniejit. This w&s tl]rough using tlic Ceftire's facilities and stllSitive llse of outdoor environjnent. The present i)aine of tlie Cl)ai'ity wag etmiiged froni the Bi'itidi Seaillen's Boys, Home iii tlie Central Regi8tei' of Cliaritles of the Charity Conmiissian iii Maith 2007. Adininistration of the Ch8rlty Tile c}l.1ty collveited to a Foiindalion c]rit&6]e Incorpoiated organisatio with effect froin 3 1st Octobei. 2022. Pi'ioi, to tllat the Cliaiity went tkn'ough the PLocesg of irtctriytsixlioi) during 2008, and froiii 1st Januaiy 2009 started to operate as a CIMritable Coiiipatty. TheiE is a Management Comi))ittee compi'istng niiit Trnstees at tlie end of the yea&. ie I'ole of tlie Tiiiste¢s is'.- i) To diilct tl)e nwnnei. in whÉch the Chai'ity opei'ates ta nieet the objects of tlK Ti'ust. ii) Tts oversee tl)e safe keKpIl and athLiinistralion of investhients and assets. iii) To oversee tl)e safe keepingi uf all niUIiLEb held on belmlf ofdie Charity. iv) To itceivL and administei. 011 exti"aoLdiiiary in¢oin¢ (legacies, grants at)d lai'ge doii&tions). v) To pIovide eltarilable fanCial siippoit foi. appi'oved opet'ations ttr nieet capital expendikniiE 0ratIng budg¢t iiccds. The ComniiLtee meetings aiE cufiEntly Iield in JanuaLy, Mai'cl). Api'il (AGM), June, Septenibei. and Noveniber. If 1'equire additional ineetings cali Ix called at any pvint in d)¢ yeai.. The I'ole of the ManaLyenieiit Coinmit*e is:_ The Committee in]plemeiit tlie policies that are establislied by th¢ Ttiistets, iii siipport of the Objects of tlie Ch'Ity. It acts in tlie l'ol¢ of Geiiei'al Matger of those opeiatiolls SUPV)Lted by the ch'ity. The Cl)ainnan of the Maiiagement Comrnitlee foi. 2023 was Fl'ank Sobcy. The post of Chair is available foi. dnge on ali aniiual basis. Rislc mAnagcment Tl)e Tiusteeg liave identified the major i'isks lo whicli the Cl)ai'ily is exposed and Ineasui'Es have been put in place to lessen Ibe effect of tknese, whediei. they are fii)ancial oi. opei'&tional. Policy Statenieiits covei'iiig the systeiiis aiid methods adopted to manage all niajoi. ai'eas of iisk liave beeii pl.0dLcd and al'e llpdated as and wlien iiecessaiy aiid the risks 'e i.tlIa1'1Y i'¢vicwed iii ol'der to miiiiinise the impact to the Cbaiity. REFEREf4CE AND ADMINISTRAfiv£ DETAILS ReElstered Charlty number 1126509 Page 3
GRENVILLE HOUSE OUTD R BDUCATION CENTRE REPORT OF THE TRUSTEES foi. tlie Ye&t' Elided 31 Deeeirtbei. 2023 Reglstei'ed ¢Jffice Grei)ville House B¢riy Iqead Road Bi-ixliain Devo TQ5 9AF Ti'ustees P M Bu8by R L Dyke (resied 22.4.241 A B Pi'owse GBrnw Mi's A Dyke M RogeiE Vice chair F I Sobey Chair P Jolinson hIs J Reynolds (Irsigued 6.11.23) C Robson {apposnled 28.4.23) J RidbT¢ (appoiiited 23.2.241 P Mattbew6 (appointed 3.4.24) Indepeiident Exainlner lan BaiTett FCA FCtB BaiTell¥ Chai'teiEd Accounlat)ts & Chai'teTed Tax Advisei 22 Unioii Stiret Newton Abbot D¢von TQ12 2JS AppiDved by ordei. of tlie board of trustees on 2, Ayi'il 2024 alld signed on it# behalf by.. 1? 1014 F J Sobey- Tntte Page 4
INDEPENDENT EXAMTNER'S REPORT TO TI4E TRUSTEES OF GRENVLE HQUSE OUTDOOR EDUCATION CENTRE Independent ¢%amiiiei"s J'epoi't to the ti'ustees ol. Grenville House Outdoot. Educ¥Ltioii Centi'e ('tlie Charity,) I repoil lo tlie cliariiy In]stees on iiiy eXnInation of tlie aecounls of the Cliai'ity foi. Ihe yeai. ended 31 Decenbe. 2023. Responsibilities And bxsÈs of report A& the charity's ti'iislees you are iesponsible foi. the prepai'ation of ihe aecouiits in accordance witl) tl)e requiLeiiienls of tlie Cknaiities Aci 2011 ('the 2011 Act,). Havliig satssfied myself tl)at the aecounts of tlie Charity aiE not Ltquiitd to be audited and are eligible for independent extilation, I i'epoit in kespecl of my ex111allDll of yOLir charity's account8 as caii'ied out undei. Section 145 of the Cliarities Act 2011 ('tl)e 2011 Act,). In caiiyuig oiit my exan)inalion I have followed the Diiections given by tlie Charity CoJ)llntssion uiidey Section 145{5) (b) of llie 2011 Aet. Independent examiii¢r'5 Statement Since youl. cliaiity's incoille exceeded £250,000 yo. exan11n. lliust be a Ineiiiber of a listed body, I can confirm thal l ain qualified to Ulldei'lake llie exaniination becauqe I am a iiieiiiber of the Instittite of Cliartered Accountants in Eiiglalld and Wales and tlie Association of Cliarity I1]depedenL ExamineLS botli of which are listed bodtes. I have conipleted my exan)ination. I coi)firm tliat no matters have come to my attei)tion in connection witli tl)e examination giving ine cause to believe,. accounting recoi'ds weit ttot kept iu respeci of tlie Cl)arity as ¥eqiiired by Section 130 of tl)e 2011 Act. or the accounts do i)ot aeeoi.d witb tliose Lecords; oi. th¢ accounts do not coi)11)ly witli the applicable concei'ning the foim and content of tl)e accounts set out in the Chai'ilie8 (Ac¢oiintq aiid Rci?orts) Regiilations 2008 othei. than aiiy Lequireinent tliat tl)e aceounts give a true and fail" view wliicli is tiot a mallei consideird as part of an independent exdniination. or tlie accoiints liave Jiot en prepared iii accoLdance with the niethoids and prsiiciples of the Statement of R¢collllnended Pi7ctice for aeeoiillting and repvitillg by chai'ilits (applicable to eliarilies pirparing theii. a¢¢oullls in accoi'dancc wiLli tbe FitiarA¢ial RepoEting StandaKd appliLuble iii thE UK and Republi¢ of Iitland (FKS 102)). I liave no ¢ollC¢lS alld l)ave conie aciDss no otlier nIaLt'S in coi)nection with tbe exajllination to whid) attention should be drawn iii this EEpoit iti ordei. to eiiable a pi'oper imderstanding of the accounts tts be reached. lan BaiiEtt FCA FCtE BaiY¢tts Charteied Accountantg & ChaiteiEd Tax AdVge1¥ 22 Uiiion Sweet Newton Abbot Devon TQ122JS Date.. 14 Octokr 2024 Page 5
GRENVILLE HOUSE oufDOOR EDUCATION CENTRE STATENT OF FINANCIAL ACTIVITIES INCOIiPORATtNG AN INCOMB AND EXPENDITURE ACCOUNT foi. the Yeai" Ellded 31 Deceinbei. 2023 2023 Total funds 2022 Total nds Uni'e&ts'icted t]ds Resli'icted fiiiid Bndowiiieiit Fund LYCOME AND EI NDOWMENTS fiROM Donations and legacies 5,070 Ch21'1table activities Grenville House sei'vices 466,502 466,502 408,098 Investsnent income Total 484 $85 495 676 434,297 I XPENDITURE ON Charitable actlvities GLEnville House $VIcES 449 562 449,S62 399,834 Net Liainsl(losses) on investments 17,694 NfiT 4COMEI{EI XPENDITURE) Ti'kiisfcrs betweeii fund$ 44,134 28,785 11091) 72,919 (25,319) 12 Net movenLent in funds 55,225 17,694 72,919 {25,319) REI CONCILIATION or riUNDS Total funds brought foiward 2,048945 298,8110 2,344,745 2,370,064 TOTAL fi UNDS CARRIED FORWARD 2,101170 316,494 2417664 2 344 745 Tlit note5 foi'm pait of these fillaiiciai statements Page 6
GRENVILLE FIOUSE OUTDOOR EDUCATION CENTRE BALANCE SHEET 31 Deceillbei. 2023 2023 2022 Total lids Uni'estricted runds Rests'icted nd Endownient fuiid funds Notes FIXED ASSETS Tangible assets Investinents Invesunettts Inve8tsnettt propei'ly 1,275,001 A,275,001 1,210,506 309,811 358 400 305,916 615,727 358 400 581,853 369 200 1,943,212 305,910 2,249,128 2,161,559 CURRENT ASSETS Stocks Debtors Cfig11 al bank aiid in liand 907 69,285 270 779 907 69,285 281357 907 62,259 294 827 10 340,971 10,578 351,549 357,993 C[.1,0s Amouiits fallii)g due witliitt one yeai. (183,013) {183,0131 {174,8071 NET CURRENT ASSLTS 157 958 168 536 TOTAL A&SETS LESS CURRKNT LIABILrriES 2,101,170 316,494 2,417,664 2,344,745 NCI l ASSETS 2 101170 316 494 2 417664 2 344.745 FUNDS UnJ¢8ti'ieted funds Ettdowmeiit fvnds 12 2,101,170 316 494 2,045.945 298.800 TOTAL FUNDS 1417 664 2 344 745 The tnistees acknowledgc tlieir iEspoiisibslities foi (a) (b) ensuiing tlial tlie cliaiity keeps aCcO]lln£ I'eoords that coniply with tl)e Charities Act 2011 ad pi'epai'ing flliaii¢ial statemeiits which give a ttue ai)d fail. vkew of the slate of aff&i13 of the cliarity as at tlie eiid ol. each financial yeai. and of its sui'pliis oi" deficit foi. eacE] fiiiaTrcial year in accoi'daiice with the Leqllll'emeiits of the Ch31'ities Act 201 l irlaung to filn0JaI statements, so faL a5 applicable to tile el)arity. Tlie notes form pai't of tliese finaiicial statements Page 7 Continued.
GRRNVILLE HOUSE OUTDOOR EDUCATION CENTRE BALANCE SHEET- continiied 11 Deceiiib 2023 These fInancal stateiiieiits have beeli prepaiEd ill aeeordance with the pibvisions applic&ble to cliairnlable cop]ieS subject to tlie nall coinpanie8 iEgiitte. Tl)e fiiiaiicial staletnents were approved by tlie Board of Tlltees and aiidioi'ised for issue oi) 22 Ai)i'il 2024 ad weir signed on ils bdialf by.. F J Sobey- Ti'ustee The iiotes foi'iii part of these financial staten)ents Page 8
GRENVILLE HOUSE oufDOOR EDUCATION CENTRB NOTES TO THE FINANCIAL STATBMENTS fo¥ Ilie YeaL Ended 31 Deceillbei 2023 ACCOUNTING POLICIES Basls of preparing the financial stFatellients The financial state1i11t8 of tlie clMI'ity? wliich is a public benefit eiitity under FRS 102, have been prepared i aecoi'daiice witlj tlie Cliai'ilies SOILP (FRS lQ2J 'Accounting and Repoi'ting by Chatities.. Stalenieiit of Reeoirntteiided Pi'actice api)licable to ¢l)aiities prepai'ing tlieir accounts in accoi.dance witli the Finaiicial Repoi'ling Staiidai'd applicable in the UIC and RepLibli¢ of li'eland (FRS 1021 (effective l January 2019),, Fiiian¢i41 Reporting Stalldai'd 102 'Tlie Financial Repoi'ting Siandai'd applicabl¢ in the Lfj( and Republic of Ireland, and tlie Chai'ities Act 2011. The fiiiaJcial 5tatenients liave beeii pi'epaiEd undei tlie histoi'ical cost convei)tioii, wilh the exceptiott of investsnents whRch are included at inai.ket valiie, as inodified by ll)e i'eyaluatioll Ot'ceitain assets. Incoine All incon)e 16 reeognised in die Staieiiient of Financial Activities once ilie chaiity has entstlenient to tl)e funds, it is piY>bable tIt dle inconie will be received and tlie anioEilll can be nieasur¢d reliably. IxpendStuve Liabilities are ircognised as expenditULt a& gL)on as there is a legal oi. constructive obligation con]Diitting tl)e cbai'ity to tl)at expenditwe, IL is pi'obable tl)at a tixn8fei' of eeononiic bencfits will be i'equired in settlement and tlie aLnounl of Ilie obligation can be niea8ui.ed reliably. ExpenditUlE is accoiinted foi. on an &ccruals basis and has been classified undci. heading% that (iggi'egate all cost Lylated to th¢ catttgoty. WheiE cosrs cannot bc directly atti'ibut¢d to partlCLilaY headings tliey have been allocated to activitics oil a basis coiislstent with the use 0£ Kesoui'ces. Tatigable fiied assets Deprc¢iation is pi'ovided at tl)e following annual rdteg in order to wi'ite off eaoh asset Ov. iL8 estimated iiseful life.. Equipn)eiit & biTrats Strgiglit line ovei. 7 yeais Coinputei. Eqllipcnt- StTaiglit lin¢ ovei. 3 yeais ini bi stspight line at 150/0 per at)num Iiivestmellt property IDVC8ttnent property is show&1 al its Inai'ket value al the yeai. eiid. Any Suipli or deficil on i'evalu&tion i$.qhown in tbe Slaten)enL of Fiiiai)cial Activities. Stoelis Stoeks valued at the lower of cost and net realisable value, after niakillg du¢ allowaii¢e foi. obsolete aiid slow moving items. Taxation The chaiity 1$ exempt fiDin coiporation tax on its ¢hai'itable activities. riund accounting Utll'estrioted fi]nds ¢2n be used accoi.daiice willi the ¢liaLStable objectives at the disci'elion of t]Je trustees, Restricted fidS can only be used foi. p&'ti¢ulai' LEStI'i¢ted PillTJOSeS Will) tlie objects of il)e ch21'ity. Re8tricLions arise wbe]k specified by tllc doi)oi' oi. wheTh tiinds aiE iaised for ptICUlai. restLiCted PULyoses. Fuithei. explanatioii of the nare alld pui'pose of 6ach fund 15 included it) the notes to the finaiicial statenients. Page 9 continued,..
GRBNVILLE HOUSE OLrrD OR EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued foi. tlie Year Elided JI Deceillbei. 2023 INVISIMEI NT llYCOME 2023 2022 R¢nis i'eceived Otlier fixed asset illvest Deposit ac¢oiiiil intei'e5t 11,400 17,774 9,171 11,917 41 NET INCOMEI(EXPENDITURE) Net itteomtl(expenditlUE) is stated after ch&i'gin(C1rdIlinSj.. 2023 2022 DeprecÉation- owned asgets 20,595 13,289 TRUSTEES, REMUNERATION AfiD BENEfi ITS Tl)ere wd'e no tsuslees, IEmuneialitsn or otlici benefit8 foi. the year ended 31 Deceniber 2023 iior foi. the yeaL ended 3 1 Decembei. 2022. Trustees expenses Tljere wei'e nck ti'LbStees' expei]ses paid for die year ended 31 Deccinbei'2023 nor [. Ehe year endcd 31 De¢¢mbei' 2022. COMPARATIVES FOR THC STATh]4 NT ofi FINANCIAL ACTIvITs fiOR DEI CIMBEI R 2022 Uni'ests'icted Restl'iCEed fund Endowttienl ftiiid Total funits INCOME AND CNDOWIVIEI NTS FIROM Donations and legacies 5,070 5,070 ChaA'ltxble aetivities Gi'enville House seivieeg 408,098 408,098 Investsnent lllcotne Tot21 426 361 434 297 EXPENDITURL ON Chki-itable &etivities GJ¢nville Flouse seivices 399,834 399 834 Net gainsl{losses) on investments 17,615) 59,782) F4EI T INCOMEI{EI XPENDITURE) Tr&nsfei's betweeii fund5 8,912 (34,231) {25,3191 Net movement In funds 16,848 {42,1671 {25,319) Page 10 continued..,
GRENVLE IIOUSE oufDOOR EDUCATION CENTRE NOTES TO THE FINANCIAL STATEh(BNTS- continued foi. tlie Year Ended 31 Decei1)b. 2023 COMPARATI1 S FOR THC STAT£4 MCI f4T OF FINAF4CLIL AcrtvtTIEI s f4OR DECEMBEI R 2022 - eonlinued Uill'estiicled funds Resti'icted fui)d Eiidowmeiil fund Total fuiids RCI cONcILTIo1¥ OF FUNDS Total fuiid$ broiigbt fonKard 2,029.097 340,967 2,370,064 TO'fAL FUNDS CARRtED foORWARD 2 045 945 298 800 2,344 745 TIINGIBLE FCIED Assfi TS FixtuiEs and fittings Fi'eeljold pi'opeity Motor vehicles Totals COST At l Janiiary 2023 Additions 1,196,OSS 208,Y¥I 8,539 1,413,-$75 Ai 31 December 202J 1 196 055 294 071 1498,665 DEPRECIATION Ai I lajiuary 2023 Cliai'Bt for year 194,530 8,539 203,(J69 Al 31 Decembei. 2023 215 J25 223 664 NF.T ROOK VALUE At 31 Decembei. 2023 1,196 05S 78,946 1275 001 At 31 De¢emLrr 2022 1 196.055 14,451 1210506 FIXED ASSEI T ll¥VESTMllN'rs Listed investsiients MARKET VALUE At l Janiiary 2023 Addiiioi Disposals Revaluations 5111,853 79,856 {83,3241 At 31 Deeembei. 2023 615 727 NEI T BOOIC VALUE At 31 DeeembeL 2023 615 727 At 31 De¢emixr 2022 581853 Thei'e weir investmellt assets oiitside tlie Ut Pagell cont&nued...
GREt%lVILLE HOUSE OUTDOOR EDUCATION CENTRE NOTES TO TFIF FINANCIAL sTATENTs - coiitit)ued foi. Uie Yeai. Ended 31 Deeeinbei. 2023 FIXED ASSEI T INVESTIIILI NTS- eotitiiiued Cost or voluatioii at 31 De¢einbei' 2023 As i'epi'esenled by.. Listed investiiiettts Valvatioii in 2023 615 727 tNVLSTMENT PROPERTY FAIR VALUE At l Januaiy 2023 Revaluation 369,200 At 31 December 2023 358 400 NET BOOK VALUE At 31 Decembcr 2023 358 400 At 31 Decemixr 2022 369200 Fair value at 31 Dee¢mber 2023 is repi'eseAiled by.. Valuation in 2023 358 400 STOCKS 2023 2022 Stocks 907 907 io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtoiE Oth. dcbtoiE 14'epaynents and accrned illeome 63,198 54,759 7,500 6,087 Page 12 contiiiued...
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE NOTES TO THE FINANCIAL STATENffNTS- coiitiiiued foi. tlie Year Ended 31 Deceiiibei. 2023 ii. CREDITORS: AMOUNTS FALLING DUE WITH ONfi YEAR 2023 2022 Payinentq on account Trade ¢iidit013 Soeial sec'l1(Y and otl)ei' taxes Otliei. creditoi% Acciiials aiid defen'ed iiicoiiie 169,259 7,138 4,763 1,075 778 162,190 7,889 3,653 1,075 183 013 174807 12. MOVEMEI IYT FUNDS Net Inovenient in funds Tiansfci's betwe¢n fjjiids At 31.12.23 At 1.1.23 Uni'cstrlcled funds Genei?l ftind 2,045,94S 44,134 11,091 2,101,170 EndoTrvment funds Endawjncnt 298,800 28,785 111,091) 316,494 TOTAL FUINDS 2 344 745 2 417664 Net movement in funds, included in the abov¢ al'e as follow8.. Inconiing resoui-ces Resoill'ces expended Gains aDd losses Movejnent in fid8 Uni'e61rActed funds GeneL?l fvnd 484,585 (449,562) 9,111 44,134 [1 ndowment funds Endowment 11,091 17,694 28,785 TOTAL FUNDS 495 676 449 562) Comparadves lor movement in fund5 Net ovenient in funds Transfe13 betweeii funds At 31,12.22 At 1.1.22 Uni'estritted funds GeneL21 fund 2.029,097 8,912 7,936 2,045,945 EIido)Yment funds Ei)dowtnent 34Q,967 (34,231) (7,936) 298,800 TOTAL FUNDS 2,370,064 25,319) 2 344 745 Page 13 continued...
GRENVILLE HOUSE OLrrDOOREDUCATION CENTRE NOTES TO THE FINANCJAL STATEME.NTS- coDtiDued for the Year Ended 31 Deceniber 2023 12. MOVEM£NT IN FUNDS- continued c0JntIvE net Jnoveinent in fiu]ds, included in tlie above 'e as follows., Inwmiftg resoui'ces Resources expended Gains and losses Moveinent in fi&S Unresti'icted funds General fuod 426,361 (399,834) {17,615) 8,912 Kndowment funds Endowinent 7,936 (42,1671 (34,231} TOTAL FUNDS 434 297 399 8341 59,782 25 319) 13. RELTED PARTY DISCLOSURES TlieiE wer¢ no ielated party transaeiiong for tlie year ended 31 Decemba. 2023. Page 14
GRENVILLB HOUSE OUTDOOR EDUCATION CENTRB DBTAILED STATElNT OF FtNANCIAL ACTIVITIBS fo¥ the Yeai. Ertded 31 Deceiiibei. 2023 2023 2022 INCOME AND Ef4DOITrTrILNTS Donatlons And legacies Donatioi)s Gi21)ts 3,570 5,Q70 Investment ineoime Rents Irceived Otliei. fjxcd invest Dep]sit aecouiit inteitst ii,doo 17,774 9,171 11,917 41 29,174 21,129 ChArltable activities Grenville House services Sundiy iiicome 461,161 400,876 7,222 466 502 408,098 Total incoming resoui'ces 495,676 434,297 I XPENDITu, C.kai'itxble aetivltles 8alo1ic.%, pensions natio11 insw?nee InsEirance Ligl)L l)eat & watei. Rates Administration Roiiline operating costs AE]nual SLibscriptions Boats- operatiou & IEpaii- Land activities Mini-bus Waste disposal Staff tixining Staff expenses Staff unifoi'in Catei'ing Sile & butlding n11]tenance Merchandise Health & safety Maintenan¢e- K The &e8cent Marketing Wtnter exp¢nditUlE Depreciation of tangible fixed ass¢És 291,414 20.751 21.797 293 5,480 3,555 2,536 4,023 1,817 2,674 1,806 2,415 128 1,721 30,754 6,132 869 &341 1,406 420 1,663 263.740 16.274 15,438 883 6,275 9,064 3,238 1,346 5,881 4,170 338 25,630 7,924 621 3,525 430,51 377,636 Tht8 page does not foikni part of tlie statutory f¥naiieial statements Page 15
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE DETAtLED STATEMENT OF FINANCIAL ACTIVITtES for I1)e Yeai. Elided 31 Decenibei. 2023 2023 2022 Suppoi't eosts Govei'nance costs AccoL]lit8ncy fees Legal & pi'ofessional fees Genei?l expenses & inAiketkllg Discounts & spoi)sorsl)ip 3,780 10,785 25 3,840 9,581 2,131 22,198 Total rcsow'ces expended 449 562 Plet income This page does not forill part of the slatLitory financial statenients Page 16