REGisfERED CHARITY NUMBER: 1126509 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2024 FOR GRENVILLE HOUSE oufDOOR EDUCATION CENfRE Barretts Cliartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE CONTENTS OF THE FINANCIAL STATEMBNTS foi- tlie Year Ended 31 Deceniber 2024 Page Reiioit of the Tiustees Independent Examinei's Report Sialenient of Financial Activities Balance Sheet Casli Flow Staten)enl Note8 to the Cash Flow Slolemenl 10 Note8 to tlie Financial Statements 12 10 18 Detailed Slateinent of Financial Activities 19 10 20 GRENV]LLE HOUSE OUTDOOR EDUCATION CENTRE REPORT OF THE TRUSTBBS for the Year Lnded 31 Decembei- 2024 The tiuslee5 of the chaiity pirsent their report with the financial stateiiients of the charity foi the year ended 3 1st Deceinbei 2024. An inci'edibly strong yeai. saw Gitnville House potentially opei'ating well above budgeled levels wiib a lotAI lumover of ovei- £517,648. Tuniover exceeded £500,000 for the first lime in Ihe history of the Charity. Budgeted income for slandard activities was, effectively. oll target and was siippleineiil¢d by a Si8Dificai)t donatio)) froiii the Jamie PIDCtoT Foundation of £6,149 pliis inleiest froin Bank accounts and higber than expected dividends. OBJEI CTIVES AND AcfiviTIES Objeetlves Alms With effect froin 31 st October 2022 Gi'enville House oU￿00r Education Centre converted from tt lllnited compaiiy that was also a legisle￿ d chai'ity lo a Foundation Charitable ItKorporat¢d Organisalion (CIO). Pi'ior lo that in 2008, Gitnville House Outdoor Lducation Ccntre went tlirougb the piDc&ss of becoming a Litniled Coinpany as well as a Chai'ity and operdtcd under that strucbjre with effect from 1st January 2009. Tlie piiblic beiiefit of the Cl)arily is achieved by carrying out its Objects, which are as folloivs: l. To promote the ediicalion of children and young persons (including wiiliout pi'ejudice to the genei'ality of the foi'egoing educalion in n¢iuli¢al skill¥ envii'onmenlal studies and liisloiy): and 2, To provide in Ilie interest of social welfarc facilities for recrcationAI Ri)d other leisuir lime occupation for ¢hildi'en and yOULig peiEoiis who by tEas011 of their yoiith or social and econoniic ¢iirLlli)slai)ces are in need of sucli fRcilities willi 11)e object of iiiipiDving tlie condilioiis ot life for such childien and youiig persons, and 3. To pi'omote the religious and other charitable work of the Cliurch of Englaiid in tlie Diocese of Bxeler. We provide Ilie facilities and activilies to enable 8roup4 Inainly from the South Wesl, bul also fiiiihei. 8fi¢ld, to be able to pai'ticipale iii activities and edu¢aiion that may nol oiheiwise be available to Ihein. Tlie TDJslees have had i'egai'd to the guidance given by the Cllarity Coii]mission on public benefil. Signlflcant actlvities Since Ilie resumption of noTmal operntions following the COVID lo¢kdowi)s, this year was uncl)ai'aclei'islically stable witli respect lo employiiienl. Tlie core slaff were joined by two. previously freel&nce, Instructors in Febniaiy and a iiew Appi'entice Insirucloi. in September. In De¢embei' our Iliii'd Apprenticesliip was successfully cornpleled leading them onto start a career path wliich is again working with school SEND pupils but in an 'oul of scliool, setting. Residential utili88tion of 179 nigbis was I I niglils higher than budgeled bul as ill 2023 a i'eduction in the numbei- of residents led to a small reduction in activity and catei'ing income. However, with tlie foTmei- offsetting the lattei. tbe budgeted incom¢ for these activities was fundainenlally achieved. Oil the whole exp¢ndiMre was under budgeted figures for most oveTheads with Wages accounting for much of the underspend. This genci'aled a sury)lus of £80.4k against budget of £42.9k before depreciation and winter expenditui'e wcii included leading lo net incotne of £48.0k. £17.8k & Catering -£7,6k Public benefit The liustees are aware of the Charity Commission guidance on Public Benefit and take this into considci'alion in relation to decisions made about the operdlion and activities of the charity. Page I GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE REPORT OF T14E TRUSTEES for the Yeai. Ei?ded 31 Decenibei. 2024 OBJE4 CTIVES AND ACTIVITtES Neiv Devcloi)ments The amiual reinvestment i'equii'ed lo maintaiii the hiEh standards of the Centst alld the activity equipment whetE needed was applied as usual. Developmenlslinvestmcnts of particulai- significallce &re outlined below.. _ Activity Developments l. l O x Flandheld VHF i?dios, 2, Ali assoi1menl of clinibing equipment including hame%ses, chest harnesses, Iwe and hardwai'c. 3. 46 x Buoyancy Aids foi. client8 and liislruclional slalf. 4. 60 x Welsvits. 5. 1 O Single sit oil lop kayaks. 6. 1 x Double sil on lop kayak. 7. 2 x 50 HP Outboard engine& 8. 1 O x Caving Headlamps. 9, A poitable defibrillator. Centre Developments l. I x UPVC Window and S replacemeiil glazed iinils, 2. Assoi1ed bedding including duvel sand pillows. 3. 4 x wooden Picni¢ benches. 4. 3 x Foldiiig outdoor tables. 5, 1 x Wasliing machine. 6. 2 x Toilets aiid Cisleins repla¢cd. STtL4TLCIC REPORT ManAgement oltlie Charlty's Assets and Reserves pollcy Tlie Chai'ily holds money in various bank accounts in liquid fom as their r¢serva8. These reserve ￿rtd8 are held at a level lo cover the working capital i'equirenienls of Ihe Chari(y on an ongoing basis and lo piDvide foi. fiiluie maiiilenance and repairs. At Ilie end of the fii)ancial year, the ￿serveS were at £358K col￿pared lo £281 k at the eiid of 2023. Tlie Chaiity's Portfolio of stocks and shal'es are lield in ordei. lo provide inconie lo enable the Charity lo cany out ils piirposes yeai. by ye81', And capital growth to provide for ￿tUre iiecds. stockbroke￿ Qiiiller Iiave beeii re- appointed lo iiiaiiage ihe Charity's inYestmei)I portlolio. It was agreed that Ilie aiiniial pi'esenlalion 8iven by an Executive Tiiislee of the coiiipaiiy lo the TrLislees lo review the pojlfolio's pei-foiinance will lake place every two yellrs unless exceptioiial circiimslances deein il necessary lo be held anniially. Quarterly valuaiion slaleineiits are also IEceived whi¢l) enable the Trustees lo see the inovemeni throughout Ihe year. The Tiwstees have taken a long leimi view with regai'd to the ittvLslments and continue to have confidence in the way Quilter inanage the portfulto. Tlie dividend inconie sliglitly exceeded th8t of the pi'evioiis ye81. at £17.9k. These dividends wnlinue lo contribute towai'ds Ihe onEoing ¢xpenses of lining Il)e Charity. Any shortfall is mel froin the Chaiity's liquid assets i.e. cash held iIi the bank accounls. The r¢nl on the Charity's investment propety remained uiichanged providing a sus18iiied gross llicoine of£i1.4k, The property's value increased to £368.2k from £358.4k in 2023 which is still below lknt of 2022. Page 2 GRENVILLE HOUSE oufDOOR EDUCATION CENfRE BEPORT OF THE TRUSTEES foi. Ilie Yeai Elided 31 December 2024 STRUCTURE, GOVERNANCE AND K4NAGEMENT GovL>I'nfing document With effeet froin 3 Isl October 2022 ihe charity converted 10 a Foundatioii Chaiitable IThcoLVrn'aled Orgallisation (CIO), Grenyille House was oiiginally known as the British Seaine4)'s Boys, Hoiiie and was built in Brixham iii 1863 as part of tbe Toi'bay and Dartmouth Mission lo Seamen with the objcct of piDviding for Ihe sons of deceased British seamen. It was eslablished by a Conveyance and Trust Deed dated 22nd March l887, which had as ils Objecis: "Tlie lodging. feeding, cloihtng and educating in the faith and principles of Ihe Church of E11glaiid, as now established by law, the sons of deceased Britisl) seamen." The Flome opeiHted as an OTphanage frorn 1863 10 1988 when it closed for two years and then reopened as an Outdoor Ediicalioii Centre foi- young pel'sons, with ainended Cliarity Objects, biit with the same values as the oi'iginal coiicepl of helpiiig yoiiiig people piEpar¢ for life aiid to e1)ha1￿C Ilieir social and peisonal developineiit. This was tI￿Oug1] Lising Ilie Ceiilir's facilities and sei)sitive use of the ouldooi. environmetit. The present naine of the Charity was changed frolli tlie Biitisli Seamen's Boys, Iloine in Ilie Central Registei. of Charities oftliL Chai'ity Coimnission in Mai'¢h 2007. Oi'gaiiisational sti'uclure The Charity converted lo d Foundation Charitable I￿orporated Organisation with effect from 3 I sl October 2022, Prior lo Ilial the Chaiily went l￿-0t1gh the process of incoi'poraiioll dui'ii)g 2008, aiid froin Isl Januaiy 2009 slai'led lo operate as a Cliai'ilable Company. Tliere is a Management Committee comprising len Trustees al the end of the year. Tl)e i'ole of the Trustees is',- i) To dii'ect the Inaiiner in which the aiaiity OPC17tes to meet the objects of the Trust. ii) To oversee the safe keepiiig and adminisli?lion of investments and assels. iii) To ovei'see the safe keeping of all Inonies held on behaifof the Charity. iv) To receive and administer all exlrnordinary income (legacies, ￿.￿nIS and large doiialioiis). v) To pix)vide ch81ilable finuiicial support for approved operalions to meet capital expenditure and operating biidget needs. The Coiiiniittee nieetiiigs air currei)tly l)eld in January, March, April (AGM), June, Septeinber aiid Noveinber. If requll'e(L addilioiial In¢etings can be called at Rlly poiiit in the yeai.. The role of the MAnagcnienl Committee is:_ The Coinmiitee iimplemenl Ilie policies that eslablishcd by the Trustees, in siipport of th¢ Objects of the Cliarity. Lt acts in the role ol. Geiieral Managei. of those opeillions supported by the Cliarity. Thg Chair of the M&nagemenl Commitltt for 2024 was Frdnk Sobey. The post of Chaii. is Available foi. cliange oi) an annual basis, Conclusion As parl of ils pvblic benefit activity, the Charity finaiicially supported groups that would find il hai'd lo coi)ie otlierwise by discoiinting Iheii. slay. This was at h cost lo the Charity of £4.84k in the year. This means il cali assist soliools lo give their childi'en J residential experience which is soineihing they may not be able to otherwise access. The Tiiislees Trmain confidei)I that ihe affairs of the Cliarity are being managed in a piY)per and effeclive way Èn ordei. to ineel the Cl￿ntY'S largels and reqUI￿Dent of the Objects contained in the Tru.st Dee￿ and Ihat the Charity's assets are being well Inanaged and safeguai'ded. Tliey would like to Iliank Ibe teain for all for their hard woi'k and input into running Glellville House. Ris1< mllnaEenient The Tivslees liave identified the major risks to which the Charity is exposed and measiires bave been put in place to lesseii tlie effect of these, whether they are flnancial or operatioi)al. Policy Slaleineiits covering the systems aiid meihods adopted lo manage all ￿aJor areas of iisk have b¢¢n produced and are updated as and when necessary and the i'isks are i'egularly rcviewed in order lo minimise the impact lo the Charity.. Page 3 GRENVILLB HOUSB oirrDOOR EDUCATION CENTRB REPORT OF THE TRUSTEES roi. tlie Year Ended 31 Decembei 2024 Rci FERENCE AND ADMINJsfRATIVE DETAIts Registei'ed Charity number 1126509 Reglstei'cd office Grenville House Bei'ry Head Road Brixham Devon TQ5 9AF Ti'u%tee& P M Busby R L Dyke (i'esigTAed 22.4.24) A B ThY)ivse Bi'owii Mis A Dyke M Rogers Vic¢ ¢haii' F J Sobey Chair P Jolinson C Robson J Ridge {appoiiited 23.2.24) P Mallliews (appointed 3.4,24) Indepeiident Ex&ininei' lan Bari'ett Bai'irlls Chai'leird AccouiilAnls & Cliartei'ed Tax Advisers 22 Union Slreel Newton Abbot Devon TQ12 2JS Repoit of the Inislees, incoi'poi'aling a slralegic report, approved by order of the board of liustees on 28, April 2025 and signed on Ilie boai'd's behalf by: F J Sobey - Trustee Page 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE Independent exaniiner's i'epoi-t to the tYustee.s of Grenville House Outdoor Educatioii Ceiitre {'the Ch•grity') I repoi'l Lo Ilie chatity Iliistees 011 niy examinalioii of the accoullls of the Compaiiy for tlie yeanded 31 Deceinber 2024. Responsibilities and basls of repoi'é As the chai'ity's trustees of Ihc Charity you are responsiblc for the preparatioii of tbe accounls in accordaiice witli tlie i'eqllll'emeiits of the Charilites Act. Having satisfied myself that the accounts of the Charity are not required lo be audited and eligible for iiidependenL exainiiydtion, I report in respect of Iny examination of your charity's accounts as carried out undet- Section 145 of the Chai'itics Act 2011 ('Ihg 201 l Act,). In canying out niy examination I b2ve followed the Directions given by tlie Chai'ity Coiiunission under Section 145(5) (b) of the 2011 Act. Independent examinei s 5taternent Since your ch￿lty'S grosg income exceeded £250.000 your examiner musl bc a meniber of a lisied body. I con confiii that I ain qualified to undertake the examination because l am a meinber of the Iiistitute of Chartered Accoiiiilaiils in gland aiid Wales, which is one of tlie listed bodies. I have coinpleted my examination. I confm tl)at no mattel's have come lo my atlen¢ioD in connection willi the examination giving ille cause to belicve: accounting records weiE not kept in reS￿t of the Chaiity gs required. or the accoiinls do i)ol accord with Il)ose recoi'ds. or the accounts do not comply wid) the accouiiling itqUllEments other Ihaii any requiren)enl that lh¢ accounls give a li'ue and fau. view whicli is not a iiiuttcr conside￿d as pait of an indepeiidenl ex8inination; or IlJ¢ a¢count5 have not beeii p￿pared in accol￿ance with the melllods and principles of the Siateiiient of Recominended Practice lor accounling and repoitiiig by charities (applicable to chaiities p￿pal'Ing their accoiinls in accordance with the Financial Reportlll8 Standard Applicable in the UK and Repiiblic of Ii'eland (FRS 102)). I have no concems and have Comc across no other matters in connection with the examinalioii to which attentioii should bc di'awii iii this i'eport in order lo enable a prorKr Unde￿19ndIng of the accoLint8 to be rea¢hed. lan Ban'ett FCA FCIE Banrlts Chartered A¢counlant5 & Cl)arlered Tax Advisers 22 Union Stree¢ Newtoii Abbot Devon TQ122JS Dale.. 29 April 2025 Page 5 GRENVILLE HOUSE OUTDOOR EDUCATION CEwfRE s'rATEMENT OF F￿ANCIAL AcrtvrrtES tNCORPORATtNG AN TNCOME AND EXPENDITURE ACCOUN for Ibe Year Ended 31 Decembei. 2024 2024 Total funds 2023 Totsl fiiiids Unrestricted funds Restricted nd Endownent fijnd Notes INCOME AND ENDOWMENTS FROM Cli81'ltable activities Gi'etivillc House seivices 483,642 483,642 466,502 Investment incomc 23.112 Total 517 648 495 676 I XPFNDITUREI ON Chai'ilahle activlties Gi'eiiville House seivices 469 627 469 627 Net gains oil investtnenls Nli T fNCOML Ti'niisfei's betivoen fuiids Othei. recognlsed gaills/(1055es) Gaiiis on i'evaluation of fixed assets 13,951 (10,894) 89,474 16 72,919 10,894 Net niovement In fund& 97,376 3,OS7 100,433 72,919 RECONCILIATION OF FUNDS Total funds bi'oughl forward 2,101,170 316,494 2,417,664 2,344,745 TOTAL II UNDS CARIUED FORWARD 2 198 546 319 $51 2 518 097 2417 664 The notes forni part of th￿e fiiiallcial statements Page 6 GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE BALANCE SHEET 3 1 Decembei 2024 2024 Totgl funds 2023 Total ds Unrestricted funds Restricted fui)d Endowment fund Notes FIXED ASSEI TS Tangible assets Investinent.$ Iiivestments liivestmenl pi'operty io 1,280,856 1,280,856 1,275,001 327,528 368 16U 308,834 636,362 368,160 615,727 12 1,976,544 308,834 2,285,378 2,249,128 CURRENT ASSETS Stocks Debloi's Cash Rt bank and in hand 13 14 907 47,63S 348 016 907 47,63S 358 733 907 69,285 281357 396,558 10,717 407,275 351,549 CRVDJTORS Amouiits falling due within one year 15 (174,556) <174,556) {183.013) NET CURRENT ASSETS 222 002 232 719 168 536 TOTAL ASSETS Lfi SS CURREI NT LIABILITIEI S 2,198,546 319,551 2,518,(I97 2,417,664 NET ASSEI TS 2 198 546 319 551 2 518 097 2417 664 Fuf4DS Uiii'esli'icled thnds Endowinenl ￿ndS 16 2,198,546 319 551 2,101,170 31CI494 TOTAL fiUIYDS 2 518 097 2417664 The cliarity is. entitled lo exemptlOD fn)m audit for the year ended 31 December 2024. The inenibers have not requiffd the charity to obtain an audit of its financial slateinellts for the year ended 31 Deceinber 2024. The Iiuslees acknowledge their responsibilities for (a) ensuring that Ilie charity keeps accouiitill8 records that comply wiib the Chaiities Act 201 l and (b) pi'epai'ing financial staternent5 whicli give a true and fair view of tbe stale of affairs of the charity as at the end of eacli financi41 year and of its Su￿LuS oi- deficit for each financial year in accordance willi Ilie wuirements of of the Cbaiilies Act 2006 relaling to financial slalements. so far as Jppl&c&ble to the charity. The llot￿ fonn part of these financial slalements Page 7 continued. GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE BALANCE SI4EET_ continued 31 Deceiiibei. 2024 The fiiiancial slalen)ents were approved by the Board of Trustees and authorised for issue oi) 28 Api'il 2025 and wei signed on its bebalf by: . F J Sobey - Trustee The notes forni part of these financial statements Page 8 GRENVILLE HOUSE OUTDOOR EDUCATION CENTRC. CASH FLOW STATEMENT foi. the Year Ended 31 December 2024 2024 2023 Notes Cash floivs fi'om opei'Atlng activitie5 Cash generated fium operations 51,826 Net cash pi'ovided by operating activities 51,826 Casli Iloivs fi'om Investlng activitles Puichase of tangible fixed assets Pui'cl)ase of fixed asset inve8hnent8 Sale of fixed asset iiiveslmenls Inteitsl received Divideiids i'eceived (29,967) (36,796) 58,813 4,709 17,897 (85,090) (79,8S6) 83,324 Nel cash used in investing activities 63 $48) Cash floivs fi'om finftnclng activitles Income alti'ibulable to ei)downienl Nel cash piDvided by financing activities 10,894 Change in eash And cash equivalents In tlie repoi'llng perlod Casli and CA511 equiv8lei)Is at the begÈniiing of tlie itpurtlng period 77,376 (13,470) 281357 294 827 Cash find c*511 equivalents at the end o( Ilie i'epoi'tii)g perlod 358 733 281357 The notes fomi part of tlkse financial statements Page 9 GIiENVtLLE HOUSE OUTDOOR EDUCATION CENTRE NOTES TO THE CASH FLOW STATEMENT foi tlie YeJi- Etided 31 Decembei. 2024 I CONCII.IATION OF NET INCOME TO NET CASH FLOW FROM OPEIIATING ACTIVITIEI S 2024 2023 Net income foi. the reporliiig period (As per the Stxtement of Fillxiicial Activitles) Adjustments for: Depr¢¢ialion charges Gain on inveslinenls Inlei'est received Dividends Irceivcd Incoine alliibiilable to endownienl Deci'easel(inciEase) Ill debtoi's Deci'ease Rn creditors 89,474 72,919 24,112 (41,453) (4,709) (17,1197) (1Th,894) 21,650 8,45 20,595 (26,542) (17,774) (11,091) (7,026) Net c4sh pl'ovlded by opei'Atlon$ ANALYSIS OF CHANGES ￿ NET FUNDS At 1.1.24 Cash flow At 31.12.24 Net cash Cash al bank and in hana 281357 358 733 281357 358 733 TotAI 281357 358 733 The notes fom part of these financial statements Page 10 GRENVILLB HOUSE OUTDOOR EDUCATION CENTIiE NO I'ES TO THE FINANCIAL STATEMENTS for tlie Yeai. Ended 31 Decen)ber 2024 ACCOUNTING POLICIES Bjsis of prepai4n8 the flnancial stAtemellt$ The fii)ancial slaletnenls of the cbarity. which is a public btDefit entity uiidei. fRS 102, liave been pi'epared in accordance with the Chai'ities SORP (FRS 102) 'Accouiiting and Rep011ing by Cliaiilies.. Statenient of RcconllneJ]ded Practice Rpplicable lo charities piEparing Ilieir accounts En accoi'daiice with Ilie Financial Repoiting Stalldard applicabl¢ in tlie UK and Repiibli¢ of ￿tIal]d (FRS 102) (effective l Januaiy 2019),, Finaiicial Reportit)g Slatidard 102 'The Finaiicial Reporting Siandai'd &pplicable iii the UK and Republic of Jreland,. The financial statements bllve been piEpared ulldei- the Iiisloric81 cost coiiveiiliory with the ex¢eptioy] of investnients which dre included al IDarkel value, as modified by tlie i'evalualion of certain assets. liicome All iiicojne is iEcognised in the Siatejllent of Fiiiancial Activities once tlie chaiity has entitlement lo the thnds, it is probable that the illcome will be received #nd the aiiiount can be nie8sui.ed itliably. Expenditure Liabilities al'e recognised as expenditure as soon as there is a legal or constrnclive oblTgation conimitting the cl)arily lo Iliat expendittiir, it is probable Ilial a irniisfer of eCon￿niC beiiefils will be reqiiired in settleiiieni and the ainounl of tlie obligation cali be iY]easured reliably. EX￿1]dIture is accoiinled foi. oil an aceiwals basis and lias been clussified under lieadings Ilial aggirg411e all cost Irlaled lo the ealegory. Whei'e costs caiinol be diirLIIy alti'ibuted lo particulai. headings they have been allocated lo activities on a basis coiisislenl witll the lis¢ of i'esoiirces. TfinLwible fixed fissets Depreciation is pi'ovided at the following annu81 rates in oNler lo write off each asset over its esliinated useful life- Equipment & bo8ts Sli?ighi line over 7 years Coinpiitti. Equipmeiil - Siiyighi line over 3 years Mini bus slraighl line at 150/0 per annurn Iiivestmeiit pi'operty Investrnenl propei'ly is .￿hown al ils market valiie at the year end. Any sU￿1￿S or deficit on revaluation is shown in the S141ement of Financial Aclivilies. Stocks Stocks are valued al the lower of cost and net realisable valu¢, after making due allowancc for obsolele and slow Inoving il¢ms. TaxAtioti The ch¥rity is cxenipt from ¢orpornlion tax on its chayilablc activities. Fund accountlng Unrestricted fiinds can be used in accordance witb the charitable objecllves al the dlscretion of the trLlStees. Resli'icled funds can only be used foi. particulur restiicted purposes within the objects of the chai'ity. Restrictioils ai'ise when specified by the donor or when funds are raised for parliculai. restricted puiposes. Fiiither explanation of the natti￿ and putpose of each fund is included iii the nofrs to the financial stateinents. Page 12 continued... GRENVILLE HOUSE oirrDOOR EDUCATION CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued foi- Ilie Year Fnded 31 December 2024 INVESTM￿1 NT INCOl￿E 2024 2023 Rents received Olhei. fixed dsset invest Deposit account inteLest 11,400 17,897 11,400 17,774 34,006 29,174 INCOME fROM CHARrrABLE AcfKviTIES 2024 2023 Activity renville House services Grenville House services Grenville House services SELndry in¢ome 472,709 461,161 483 642 466 502 CHARITABLE ACTIVITIES COSTS Support costs (sce note 5) DiiECt Costs Totals Grenville House 5ervi¢es 450 146 469 627 SUPPORT COSTS GoveiThnce costs Grenville House services NET If4COMII(EXPEI DIDITURE) Net incomc/(expenditure) is staled after chargIn￿(Credi1]ngj. 2024 2023 Depreciation- owned assets TRUSTEES, REMUNERATION AND BENEFrrs TheiE were no trustees, reniuneration or other benefits for the year ended 31 December 2024 nor foi. the year ended 31 December 2023. Trustee$, expenses There were no trustees, expen￿ paid for the year ended 31 Deceinber 2024 nor for the yeHr ended 31 Decembei. 2023. Page 13 continued... GRENVILLE HOUSE OUTDOOR EDUCATION ￿NTRE NOTES TO THE FTNANCEAL STATEMENTS- continiied foi. the Year Ended 31 December 2024 STAfiF COSTS 2024 2023 Wages and salaries 308.714 291414 308,714 291414 Tlie average monthIy nuinbei of¢mployees during the year was as follows: 2024 2023 No employecs Teceived emolumeiils in exce&8 of £60,IKIO, cotIqPARATtVEI S FOR THE STATEMENT or FIIYANCIAL ACTIVITIES FOR DECEMBER 2023 Unrestricted nds ReslKicied fund Endowinenl fund Total nds INCOMC AND NDOWMEI NTS FROM Chai'itable activltles Gi'eiiville House sei'vices 466,502 466,502 Investment income TotRI 484 585 495 676 I XPENDII'URI ON Charltable acdvlties Grenville House seivices 449 562 Nel gains on inveslmeiits NEI T INCOME Ti'An5fers beliveen funds 44,134 28.785 11091) 72,919 Net movement lii fllnds 55.225 17,694 72,919 RECONCILJA TION OF FU￿os Total funds bi'ouglil forward 2,045,945 298,8(M) 2,344.745 TOTAL f4UNDS CARRIED FORWARD 2 101 170 316.494 2417664 Page 14 continued... GRENVILLE IIOUSE OUTDOOR EDUCATION CENTIIE NOTES TO THE FINANCIAL STATEMEKfs - continued foi. tbe Year Ended 31 Decetnber 2024 io. T ANGIBLEI fiIXED ASSE+ TS FiXtU￿S and fittings Freehold propeity Motor veliicles Totals COST Ai l Januaiy 2024 Additioiis 1,196,055 294,071 8,539 1,498,665 Al 31 December 2024 1,196 055 324 038 1528 632 DEI PRECIATION At l Jai)uaiy 2024 Chai'ge for year 215,125 8,539 Z23,664 24,112 Al 31 December 2024 239 237 247 776 NET BOOI< VALUE At 31 December 2024 1.196 055 84,801 1280 856 Al 31 Decembei. 2023 1 196055 1,275 001 ii. FIXED ASSCI T INVESTMEI NTS Listed iiiveslincnts MAR]