REGISTERED CHARITY NUtVlBfi R: 1126509
REPORT OF THE TRUSTEES AND
UNAUDITED FENANCIAL STATE￿EN[s
FOR THE YEARENDED 31 DECEMBER 2023
FOR
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
Baiirtts
Chartered Acco￿lIall￿ &
ChaiteiEd Tax Advisei's
22 Union Sti"eet
Newtoi) Abbot
Devon
TQ12 2JS

GREN
ILLE HOU,8E oufDOOR EDUCATION CENTRE
CONTENTS OF T14E FINANCIAL STATE1￿￿Ts
for the Yeai. Ended 31 DeceJ)Iber 2023
Page
Report of the Trustees
lttdependent Ex￿nIn£1 s Rq)ort
stalen￿￿1 of Financial A¢tivitie8
B&lan¢¢ Sheet
Notes to the FIn&l￿saI 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 fIt￿nCial 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 Coinp￿Y 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 c1￿1￿ty 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 ecol￿n1￿C ¢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 otl*Thvi$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 HOl￿e1<e¢pl￿g deptti'tniellt but eventiially betsveen Apiil and
July the cuii'ent tc£ill was appointed.
A n¢w pai't-lime peiinallent InstrLiCtor glai'ted in Janiiary followed by the appointment of a see(>nd Appi￿lt1¢t InstNctor
in June.
In tkcembei. our second AppiEnticesliip wa5 wccessfully completed leadinE theni onto start a caieei. patli woi'kii)g witi)
school SEND pupils.
As in 2022 the nirnbei. of ￿l￿t8 booked was lip on budget, tliis time by 12 to 171 iiight4 1)owev¢J', agaill like tlie yeai.
befoLe theiE was a I'eduction in tlie nuillber of residents compaied to the niunbers expected. Fioin SeptemL*L to
Decembei. this trend saw a loss of £17k in iiiconie which by coincidence was h)nd￿lie1]talIY offset by tlie ii)coine fiY)m
tbe additional bookings.
Ineredibly Encome geneiated by col'e busiu¢ss was only dowii agaii)st biidget by £405 ovei211. This was due to IEsideiit
Incoine of +£7.6k wl)icli Ahiio8t eqiialled Llie cojnbined deficits against budget foi. catering and noii-resideiit activities.
Tlie lottei. of which was $ignifie&ntly dowll due to the downtui'n in the toui'ist visitoi's to the South Wesl whith inany
othei. pi'ovidei's in the l'egion 2180 experienced.
A slight incjease ill expeiiditure oveLall was iiegated by an incirase in dividends fiknm the Chality's Asset po¥ttolio.
This generatcd ts sui"pliis £68.4k against budgeL of £69. Ik b¢foLe depLeciation aiid wintei. expendilui'e weil incLuded
leadiiig to iiet inconie of £46.1k.
Public benefit
The Irusiees are aware of tli¢ Charity Commission gLiidance on Publi¢ Benefit aiid take tbis iiito consideixtion in
relation to decisions made about tlk 0￿15t]0￿ aiid aetivitles of the chai'ity.
Page I

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 canOe￿ddle
Centre Developments
l. Sound ahsnybing c¢iling tiles to redi￿e 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$sets and Reserves polfiey
Tlie aiarity holds nioney in vai'ioiis bank accoiintq in liqiiid foi'jji as dieii. ttserves. These itserve funds are held at a
level to cover the woi'king capital Irquii'emeiiis of tl)e Cliai'ity on an ongoing bdsis and 10 pi'ovide foi. futuiE
maintenance and repai1￿. At the eiid of the fmancial yeai., the i'eseryes weJE at £281k, slislitly down on £294k at the end
of 2022.
Tlie Chaiity's poitfolio of Stocks and Sh￿'eS al'e held in order to pi'ovide incollie to enable die Cl)arity to eaii'y oiit its
PUiPOSES year by yeai., and capital gi'owih lo pl￿VIde for fiittii'e needs. Stockbt'oliers QLiilter have i￿£n I'e- appoiiited lo
mattage the Cliai'ily's investnient poitfolio. It was agi.ecd that the aniiual pirsenlAtioTr given by ail Execiitive Dii'e¢toi' of
the conipgny to tb¢ Tiisstees to i'eview the poi'tfolio's pei'foi'nianct will take place every two yeaiE unless exception
ciirurnstance8 deeni it iiecessaiy to be held anni￿lly. Quaitei'ly valuation slateiiieiits ai"e al.%0 Leceived wliicli enable the
TITslee$ 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 FoUl￿atiOn 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 s￿mell 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 ¢0￿cept 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 f￿anCial siippoit foi. appi'oved opet'ations ttr nieet capital expendikniiE 0￿ratIng 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 Mat￿ger 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. d￿nge 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.0dL￿cd and al'e llpdated as and wlien iiecessaiy aiid the
risks ￿'e i.t￿lIa1'1Y 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 (resi￿ed 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- Tn￿tte
Page 4

INDEPENDENT EXAMTNER'S REPORT TO TI4E TRUSTEES OF
GRENV￿LE 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 eX￿nInation of tlie aecounls of the Cliai'ity foi. Ihe yeai. ended 31 Dece￿nbe￿. 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
ex￿￿tilation, I i'epoit in kespecl of my ex￿￿111allDll 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]depe￿denL 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¢l￿S 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 AdV￿ge1¥
22 Uiiion Sweet
Newton Abbot
Devon
TQ122JS
Date.. 14 Octokr 2024
Page 5

GRENVILLE HOUSE oufDOOR EDUCATION CENTRE
STATE￿NT 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￿[.1,0￿s
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 a￿d
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 fil￿n0JaI 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 fInanc￿al stateiiieiits have beeli prepaiEd ill aeeordance with the pibvisions applic&ble to cliairnlable co￿p￿]ieS
subject to tlie ￿nall coinpanie8 iEgiitte.
Tl)e fiiiaiicial staletnents were approved by tlie Board of Tll￿tees and aiidioi'ised for issue oi) 22 Ai)i'il 2024 a￿d 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 state1i1￿1t8 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 tI￿t 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. Eqllip￿cnt- 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 fi￿dS 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 p￿tICUlai. restLiCted PULyoses.
Fuithei. explanatioii of the na￿re 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 ACTIvIT￿s 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..,

GRENV￿LE IIOUSE oufDOOR EDUCATION CENTRE
NOTES TO THE FINANCIAL STATEh(BNTS- continued
foi. tlie Year Ended 31 Decei1)b￿. 2023
COMPARATI￿1 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 cONcIL￿TIo1¥ 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 sTATE￿￿NTs - 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'l￿1(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 fi￿d8
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
c0Jn￿￿tIvE 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.
REL￿TED PARTY DISCLOSURES
TlieiE wer¢ no ielated party transaeiiong for tlie year ended 31 Decemba. 2023.
Page 14

GRENVILLB HOUSE OUTDOOR EDUCATION CENTRB
DBTAILED STATEl￿NT 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 natio1￿1 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 n￿11]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
430,5￿1
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