**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:
1. 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
2. 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
3. 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
1. 46 Watersports helmets for clients and staff.
2. An assortment of climbing equipment including helmets, harnesses, chest harnesses, rope, and hardware.
3. 48 x Buoyancy Aids.
4. 46 x Wetsuits.
5. 46 x Waterproof/Windproof Watersports Cagoules.
6. 1 x 15 HP Outboard engine.
## Centre Developments
1. An L1 Wireless Fire Alarm System.
2. The re-wiring of the Chapel, Workshop, sail loft and associated external areas.
3. 7 x Oil filled wall heaters for the Chapel and Drying room.
4. 5 x UPVc Windows to complete the window replacement programme of the whole site.
5. Air-conditioning unit for the Pantry.
6. 3 x Personal Computers.
7. 2 x VW Shuttle MPV's.
8. 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.
Page 2
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..
Page 3
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## REPORT OF THE TRUSTEES
## for the Year Ended 31 December 2025
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
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.
## **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
Page 4
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:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 5
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
Page 6
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...
Page 7
GRENVILLE HOUSE OUTDOOR EDUCATION CENTRE
## BALANCE SHEET - continued 31 December 2025
............................................. F J Sobey - Trustee
The notes form part of these financial statements
Page 8
## 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
Page 9
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
Page 10
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...
Page 12
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...
Page 13
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...
Page 14
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.
Page 15
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|
|---|---|---|
||||
Page 16
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...
Page 17
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.
Page 18
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
Page 19
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
Page 20