2025-12-31-accounts - Grenville House Outdoor Education Centre

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REGISTERED CHARITY NUMBER: 1126509

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

Barretts Chartered Accountants & Chartered Tax Advisers

22 Union Street Newton Abbot Devon TQ12 2JS

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2025

		Page
Report of the Trustees	1	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet	7	to	8
Cash Flow Statement		9
Notes to the Cash Flow Statement		10
Notes to the Financial Statements	12	to	18
Detailed Statement of Financial Activities	19	to	20

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

REPORT OF THE TRUSTEES for the Year Ended 31 December 2025

The trustees of the charity for the purposes of the Charities Act, present their report with the financial statements of the charity for the year ended 31st December 2025.

Another busy year saw Grenville House increase income on the previous year with a total turnover of over £533,849 exceeding £500,000 for the second consecutive year.

Total Income was lower than budgeted with activities and catering affected by reduced group sizes but was offset by a slight increase in resident income, dividends, and interest from a fixed term deposit account.

OBJECTIVES AND ACTIVITIES

Objectives and aims

With effect from 31st October 2022 Grenville House Outdoor Education Centre converted from a limited company that was also a registered charity to a Foundation Charitable Incorporated Organisation (CIO).

Prior to that in 2008, Grenville House Outdoor Education Centre went through the process of becoming a Limited Company as well as a Charity and operated under that structure with effect from 1st January 2009.

The public benefit of the Charity is achieved by carrying out its Objects, which are as follows:

To promote the education of children and young persons (including without prejudice to the generality of the foregoing education in nautical skills, environmental studies and history): and
To provide in the interest of social welfare facilities for recreational and other leisure time occupation for children and young persons who by reason of their youth or social and economic circumstances are in need of such facilities with the object of improving the conditions of life for such children and young persons, and
To promote the religious and other charitable work of the Church of England in the Diocese of Exeter.

We provide the facilities and activities to enable groups, mainly from the South West, but also further afield, to be able to participate in activities and education that may not otherwise be available to them. The Trustees have had regard to the guidance given by the Charity Commission on public benefit.

Significant activities

The staff team underwent significant changes over the course of the year with the addition of a new part-time Instructor in January followed by the un-planned loss of another part-time Instructor at the end of February.

Two more Apprentice Instructors joined in July, and our current Apprentice Instructor successfully completed their End Point Assessment in December becoming a full-time member of the team upon official completion of their Apprenticeship.

Residential utilisation of 190 nights was 5 nights higher than budgeted.

On the whole expenditure was generally under control with Wages - £12.1k & Catering -£2.6k accounting for much of the underspend. Utility price increases continue to take their toll with a £3k overspend for gas, water and electricity and the replacement of the minibus with two smaller multi-purpose vehicles effectively doubled the transport running costs.

This generated an operating surplus of £53.6k against the budget of £60.6k. Depreciation, after further significant capital expenditure, and winter expenditure resulted in a net income of £6.5k.

Public benefit

The trustees are aware of the Charity Commission guidance on Public Benefit and take this into consideration in relation to decisions made about the operation and activities of the charity.

As part of its public benefit activity, the Charity financially supported groups that would find it hard to come otherwise by discounting their stay. This was at a cost to the Charity of £7.3k in the year. This means it can assist schools and other groups to give their children a residential experience which is something they may not be able to otherwise access.

Page 1

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2025

OBJECTIVES AND ACTIVITIES

New Developments

The annual reinvestment required to maintain the high standards of the Centre and the activity equipment where needed was applied as usual.

Developments/investments of particular significance are outlined below: -

Activity Developments

46 Watersports helmets for clients and staff.
An assortment of climbing equipment including helmets, harnesses, chest harnesses, rope, and hardware.
48 x Buoyancy Aids.
46 x Wetsuits.
46 x Waterproof/Windproof Watersports Cagoules.
1 x 15 HP Outboard engine.

Centre Developments

An L1 Wireless Fire Alarm System.
The re-wiring of the Chapel, Workshop, sail loft and associated external areas.
7 x Oil filled wall heaters for the Chapel and Drying room.
5 x UPVc Windows to complete the window replacement programme of the whole site.
Air-conditioning unit for the Pantry.
3 x Personal Computers.
2 x VW Shuttle MPV's.
UPVc Cladding sheets to line the changing room walls.

STRATEGIC REPORT

Management of the Charity's Assets and Reserves policy

The Charity holds money in various bank accounts in liquid form as their reserves. These reserve funds are held at a level to cover the working capital requirements of the Charity on an ongoing basis and to provide for future maintenance and repairs. At the end of the financial year, the reserves were at £280k, compared to £358k at the end of 2024.

The Charity's portfolio of stocks and shares are held in order to provide income to enable the Charity to carry out its purposes year by year, and capital growth to provide for future needs. Stockbrokers Quilter Cheviot have been reappointed to manage the Charity's investment portfolio. It was agreed that the annual presentation given by an Executive Trustee of the company to the Trustees to review the portfolio's performance will take place every two years unless exceptional circumstances deem it necessary to be held annually. Quarterly valuation statements are also received which enable the Trustees to see the movement throughout the year. The Trustees have taken a long-term view with regard to the investments and continue to have confidence in the way Quilter Cheviot manage the portfolio. The dividend income, once again, slightly exceeded that of the previous year at £18.7k. These dividends continue to contribute towards the ongoing expenses of running the Charity. Any shortfall is met from the Charity's liquid assets i.e. cash held in the bank accounts.

The rent on the Charity's investment property remained unchanged providing a sustained gross income of £11.4k. The property's value increased to £369.9k from £368.2k in 2025 which is now just above that of 2022.

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

With effect from 31st October 2022 the charity converted to a Foundation Charitable Incorporated Organisation (CIO).

Grenville House was originally known as the British Seamen's Boys' Home and was built in Brixham in 1863 as part of the Torbay and Dartmouth Mission to Seamen with the object of providing for the sons of deceased British seamen. It was established by a Conveyance and Trust Deed dated 22nd March 1887, which had as its Objects:

"The lodging, feeding, clothing and educating in the faith and principles of the Church of England, as now established by law, the sons of deceased British seamen."

The Home operated as an orphanage from 1863 to 1988 when it closed for two years and then reopened as an Outdoor Education Centre for young persons, with amended Charity Objects, but with the same values as the original concept of helping young people prepare for life and to enhance their social and personal development. This was through using the Centre's facilities and sensitive use of the outdoor environment. The present name of the Charity was changed from the British Seamen's Boys' Home in the Central Register of Charities of the Charity Commission in March 2007.

Organisational structure

The Charity converted to a Foundation Charitable Incorporated Organisation with effect from 31st October 2022. Prior to that the Charity went through the process of incorporation during 2008, and from 1st January 2009 started to operate as a Charitable Company.

There is a Management Committee comprising ten Trustees at the end of the year.

The role of the Trustees is:-

i) To direct the manner in which the Charity operates to meet the objects of the Trust. ii) To oversee the safe keeping and administration of investments and assets. iii) To oversee the safe keeping of all monies held on behalf of the Charity. iv) To receive and administer all extraordinary income (legacies, grants and large donations).

v) To provide charitable financial support for approved operations to meet capital expenditure and operating budget needs.

The Committee meetings are currently held in January, March, April (AGM), June, September and November. If required, additional meetings can be called at any point in the year.

The role of the Management Committee is:-

The Committee implement the policies that are established by the Trustees, in support of the Objects of the Charity. It acts in the role of General Manager of those operations supported by the Charity.

The Chair of the Management Committee for 2025 was Frank Sobey. The post of Chair is available for change on an annual basis.

Conclusion

The Trustees remain confident that the affairs of the Charity are being managed in a proper and effective way in order to meet the Charity's targets and requirement of the Objects contained in the Trust Deed, and that the Charity's assets are being well managed and safeguarded. They would like to thank the team for all for their hard work and input into running Grenville House.

Risk management

The Trustees have identified the major risks to which the Charity is exposed and measures have been put in place to lessen the effect of these, whether they are financial or operational. Policy Statements covering the systems and methods adopted to manage all major areas of risk have been produced and are updated as and when necessary and the risks are regularly reviewed in order to minimise the impact to the Charity..

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

REPORT OF THE TRUSTEES

for the Year Ended 31 December 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1126509

Registered office

Grenville House Berry Head Road Brixham Devon TQ5 9AF

Trustees

P M Busby A B Prowse G Brown Mrs A Dyke M Rogers Vice chair F J Sobey Chair P Johnson C Robson J Ridge P Matthews Mrs S Leaf (appointed 19.1.26) Ms H Dempsey (appointed 12.2.26)

Independent Examiner

Ian Barrett Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees on 27[th] April 2026 and signed on the board's behalf by:

........................................................................ F J Sobey - Trustee

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

Independent examiner's report to the trustees of Grenville House Outdoor Education Centre

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ian Barrett FCA FCIE Barretts Chartered Accountants & Chartered Tax Advisers 22 Union Street Newton Abbot Devon TQ12 2JS

Date: 6[th] July 2026

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 December 2025

Notes INCOME AND ENDOWMENTS FROM Charitable activities 3 Grenville House services Investment income 2 Total EXPENDITURE ON Charitable activities 4 Grenville House services Net gains on investments NET INCOME Transfers between funds 16 Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted funds £ 502,252 19,859 522,111 527,323 38,595 33,383 11,738 - 45,121 2,198,546 2,243,667	Restricted fund £ - - - - - - - - - - -	Endowment fund £ - 11,738 11,738 - 24,131 35,869 (11,738) - 24,131 319,551 343,682	2025 Total funds £ 502,252 31,597 533,849 527,323 62,726 69,252 - - 69,252 2,518,097 2,587,349	2024 Total funds £ 483,642 34,006
					517,648
					469,627
					41,453
					89,474 - 10,959
					100,433 2,417,664
					2,518,097

The notes form part of these financial statements

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

BALANCE SHEET 31 December 2025

Notes FIXED ASSETS Tangible assets 10 Investments Investments 11 Investment property 12 CURRENT ASSETS Stocks 13 Debtors 14 Cash at bank and in hand CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 16 Unrestricted funds Endowment funds TOTAL FUNDS	Unrestricted funds £ 1,351,542 360,507 369,960 2,082,009 907 9,775 276,298 286,980 (125,322) 161,658 2,243,667 2,243,667	Restricted fund £ - - - - - - - - - - - -	Endowment fund £ - 341,147 - 341,147 - - 2,535 2,535 - 2,535 343,682 343,682	2025 Total funds £ 1,351,542 701,654 369,960 2,423,156 907 9,775 278,833 289,515 (125,322) 164,193 2,587,349 2,587,349 2,243,667 343,682 2,587,349	2024 Total funds £ 1,280,856 636,362 368,160 2,285,378 907 47,635 358,733 407,275 (174,556) 232,719 2,518,097 2,518,097 2,198,546 319,551 2,518,097

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements were approved by the Board of Trustees and authorised for issue on 27[th] April 2026 and were signed on its behalf by:

The notes form part of these financial statements

continued...

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

BALANCE SHEET - continued 31 December 2025

............................................. F J Sobey - Trustee

The notes form part of these financial statements

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

CASH FLOW STATEMENT for the Year Ended 31 December 2025

Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Interest received Dividends received Net cash used in investing activities Cash flows from financing activities Income attributable to endowment Net cash provided by financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2025 £ 824 824 (108,293) (45,735) 41,369 1,537 18,660 (92,462) 11,738 11,738 (79,900) 358,733 278,833	2024 £ 51,826 51,826 (29,967) (36,796) 58,813 4,709 17,897 14,656 10,894 10,894 77,376 281,357 358,733

The notes form part of these financial statements

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 December 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Gain on investments Interest received Dividends received Income attributable to endowment Decrease in debtors (Decrease) in creditors Net cash provided by operations	2025 £ 69,252 37,607 (62,726) (1,537) (18,660) (11,738) 37,860 (49,234) 824	2024 £ 89,474 24,112 (41,453) (4,709) (17,897) (10,894) 21,650 (8,457) 51,826

2. ANALYSIS OF CHANGES IN NET FUNDS

	At 1.1.25	Cash flow	At 31.12.25
	£	£	£
Net cash
Cash at bank and in hand	358,733	(79,900)	278,833
	358,733	(79,900)	278,833
Total	358,733	(79,900)	278,833

The notes form part of these financial statements

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Equipment & boats - Straight line over 7 years Computer Equipment - Straight line over 3 years Mini bus - straight line at 15% per annum

Investment property

Investment property is shown at its market value at the year end. Any surplus or deficit on revaluation is shown in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

continued...

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

2. INVESTMENT INCOME Rents received Other fixed asset invest Deposit account interest 3. INCOME FROM CHARITABLE ACTIVITIES Activity Grenville House services Grenville House services Sundry income Grenville House services Minibus Grenville House services Merchandise Grenville House services 4. CHARITABLE ACTIVITIES COSTS Grenville House services 5. SUPPORT COSTS Grenville House services 6. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets	Direct Costs £ 504,732	2025 2024 £ £ 11,400 11,400 18,660 17,897 1,537 4,709 31,597 34,006 2025 2024 £ £ 493,118 472,709 4,977 8,371 3,305 1,599 852 963 502,252 483,642 Support costs (see note 5) Totals £ £ 22,591 527,323 Governance costs £ 22,591 2025 2024 £ £ 37,607 24,112

continued...

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024.

8. STAFF COSTS

Wages and salaries

2025 £ 333,825 333,825	2024 £ 308,714 308,714

The average monthly number of employees during the year was as follows:

2025 2024

No employees received emoluments in excess of £60,000.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR DECEMBER 2024

INCOME AND ENDOWMENTS FROM Charitable activities Grenville House services Investment income Total EXPENDITURE ON Charitable activities Grenville House services Net gains on investments NET INCOME Transfers between funds Other recognised gains/(losses) Gains on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward	Unrestricted funds £ 483,642 23,112 506,754 469,627 38,396 75,523 10,894 10,959 97,376 2,101,170	Restricted fund £ - - - - - - - - - -	Endowment fund £ - 10,894 10,894 - 3,057 13,951 (10,894) - 3,057 316,494	Total funds £ 483,642 34,006
				517,648
				469,627
				41,453
				89,474 - 10,959
				100,433 2,417,664

continued...

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES FOR DECEMBER 2024 - continued

TOTAL FUNDS CARRIED FORWARD 10. TANGIBLE FIXED ASSETS COST At 1 January 2025 Additions Disposals At 31 December 2025 DEPRECIATION At 1 January 2025 Charge for year Eliminated on disposal At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 11. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2025 Additions Disposals Revaluations At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024		Unrestricted funds £ 2,198,546 Freehold property £ 1,196,055 - - 1,196,055 - - - - 1,196,055 1,196,055		Restricted fund £ - Fixtures and fittings £ 324,038 69,603 - 393,641 239,237 27,934 - 267,171 126,470 84,801		Endowment fund £ 319,551 Motor vehicles £ 8,539 38,690 (8,539) 38,690 8,539 9,673 (8,539) 9,673 29,017 -		Total funds £ 2,518,097 Totals £ 1,528,632 108,293 (8,539) 1,628,386 247,776 37,607 (8,539) 276,844 1,351,542 1,280,856 Listed investments £ 636,362 45,735 (42,024) 61,581 701,654 701,654 636,362

There were no investment assets outside the UK.

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continued...

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

11. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2025 is represented by:

Valuation in 2025 12. INVESTMENT PROPERTY FAIR VALUE At 1 January 2025 Revaluation At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 Fair value at 31 December 2025 is represented by: Valuation in 2025 13. STOCKS Stocks 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments and accrued income		Listed investments £ 701,654 £ 368,160 1,800 369,960 369,960 368,160 £ 369,960 2025 2024 £ £ 907 907 2025 2024 £ £ 1,805 1,500 7,970 46,135 9,775 47,635

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continued...

GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Payments on account Trade creditors Social security and other taxes Other creditors Accruals and deferred income	2025 £ 108,061 5,406 5,859 3,182 2,814 125,322	2024 £ 119,563 38,309 4,787 1,403 10,494
		174,556

16. MOVEMENT IN FUNDS

Unrestricted funds General fund Endowment funds Endowment TOTAL FUNDS Net movement in funds, included in the above a Unrestricted funds General fund Endowment funds Endowment TOTAL FUNDS	At 1.1.25 £ 2,198,546 319,551 2,518,097 re as follows: Incoming resources £ 522,111 11,738 533,849		Net movement in funds £ 33,383 35,869 69,252 Resources expended £ (527,323) - (527,323)		Transfers between funds £ 11,738 (11,738) - Gains and losses £ 38,595 24,131 62,726	At 31.12.25 £ 2,243,667 343,682 2,587,349 Movement in funds £ 33,383 35,869 69,252

	re

Comparatives for movement in funds

Unrestricted funds General fund Endowment funds Endowment TOTAL FUNDS	At 1.1.24 £ 2,101,170 316,494 2,417,664	Net movement in funds £ 86,482 13,951 100,433	Transfers between funds £ 10,894 (10,894) -	At 31.12.24 £ 2,198,546 319,551
				2,518,097

continued...

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2025

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Endowment funds Endowment TOTAL FUNDS	Incoming resources £ 506,754 10,894 517,648	Resources expended £ (469,627) - (469,627)	Gains and Movement losses in funds £ £ 49,355 86,482 3,057 13,951 52,412 100,433

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2025.

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2025

INCOME AND ENDOWMENTS Investment income Rents received Other fixed asset invest Deposit account interest Charitable activities Grenville House services Sundry income Minibus Merchandise Total incoming resources EXPENDITURE Charitable activities Salaries, pensions and national insurance Insurance Light, heat & water Rates Administration Routine operating costs Annual subscriptions Boats - operation & repair Land activities Mini-bus Waste disposal Staff training Staff expenses Staff uniform Catering Site & building maintenance Health & safety Maintenance - 1 The Crescent Marketing Winter expenditure Depreciation of tangible fixed assets Support costs Governance costs Legal & professional fees Carried forward	2025 £ 11,400 18,660 1,537 31,597 493,118 4,977 3,305 852 502,252 533,849 333,825 21,212 31,166 784 4,740 4,521 2,895 3,087 1,455 4,155 2,234 1,309 809 1,132 27,368 7,281 7,000 699 2,722 8,731 37,607 504,732 15,102 15,102	2024 £ 11,400 17,897 4,709 34,006 472,709 8,371 1,599 963 483,642 517,648 308,714 17,407 28,997 385 6,337 4,912 1,787 2,670 1,011 1,353 1,827 2,391 676 1,251 27,418 4,373 4,886 804 564 8,271 24,112 450,146 14,606 14,606

This page does not form part of the statutory financial statements

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GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2025

Governance costs Brought forward General expenses & marketing Discounts & sponsorship Total resources expended Net income	2025 £ 15,102 200 7,289 22,591 527,323 6,526	2024 £ 14,606 36 4,839 19,481 469,627 48,021

This page does not form part of the statutory financial statements

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