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← The Green Room Charitable Trust

2023-10-01-accounts

Charity registration number: 1134766

The Green Room Charitable Trust

Annual Report and Financial Statements

for the Year Ended 1 October 2023

The Green Room Charitable Trust

Contents (continued)

Trustees' Report 1 to 5
Independent Auditors' Report 6 to 8
Statement of Financial Activities 9
Statement of Financial Position 10
Cash Flow Statement 11
Notes to the Financial Statements 12 to 18

The Green Room Charitable Trust

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 1 October 2023.

Objectives and activities

Objects and aims

The objects of the Trust are to support such exclusively charitable purposes as the Trustees may from time to time in their absolute discretion decide.

The Trustees consider making grants to registered UK and international charities, specifically focussing on the following areas:

  1. poverty, human rights, social enterprises

  2. ethical and social impact investments

Public benefit

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

During the year the charity was able to raise a further £1,035,100 (2022:Nil) through donations of which it was successfully able to donate £1,171,854 (2022: £1,142,983) and invest £875,560 (2022: £50,210) for social benefit.

The total unrestricted reserves of the charity at 1st October 2023 are £8,898,753 (2022: £10,448,237) which represent 100% of the assets. The Trustees have assessed the Charity's need for reserves and consider the present level appropriate in relation to liabilities and future service.

Financial review

Policy on reserves

Reserves are held in an instant access bank account.

Page 1

The Green Room Charitable Trust

Trustees' Report (continued)

Investment policy and objectives

1. Introduction

1.3 The trustees are governed by the Trust deed established in 2009 which sets out the general power of investment.

2. Investment Objectives

3. Risk

4. Liquidity Requirements

5. Time Horizon

6. Management, Reporting and Monitoring

7. Approval and Review

This Investment Policy Statement was prepared to provide a framework for the management of the Green Room Charitable Trust's investment assets. It will be reviewed on an annual basis to ensure continuing appropriateness.

Plans for future periods

Aims and key objectives for future periods

Charity plan on increasing the investments in Bridges Funds in line with the objectives of the trust. The money coming into the trust through payroll giving will decline going forwards and stop when the Trustee leaves his position at JP Morgan. At this stage the interest from the investments will be the main source of income for the grant making pool. Charity will maintain and increase slightly the level of grant making.

Page 2

The Green Room Charitable Trust

Trustees' Report (continued)

Structure, governance and management

Nature of governing document

The charity is controlled by its governing document, a Trust deed dated 30 November 2009 and constitutes a unincorporated charity.

Recruitment and appointment of trustees

There shall be at least three and no more than seven Trustees and whenever the number of trustees is reduced to less than three an appointment shall be made as soon as practicable in order to increase the number of trustees to at least three and in the meantime the remaining trustees may not exercise the powers given to them by the trust deed except so far as may be reasonable in order to preserve the Trust fund.

The power of appointing new or additional trustees is vested in Tom Prickett.

Should Tom Prickett die, a new or additional trustee shall be appointed by a resolution of the trustees which is recorded in the minutes and signed by the new trustee and such record shall be conclusive evidence of the appointment.

Induction and training of trustees

A Trustee induction programme is being established and performance management policies and procedures will be reviewed to ensure the Charity can continue to grow, develop and respond to changing demands.

Organisational structure

Tom Prickett manages the investments and Kelly Prickett is the key coordinator on the grant making and day to day running of the trust.

Page 3

The Green Room Charitable Trust

Trustees' Report (continued)

Relationships with related parties

The charity receives donations from Charities Trust which receives payroll giving of Tom Prickett, trustee. Donations are also received from Tom Prickett from his employer JP Morgan's payroll.

Reference and Administrative Details

Charity Registration Number: 1134766
Trustees: T G Prickett
Mrs K Prickett
A H Ferry
Principal Office: Piccards Wood
Sandy lane
Guildford
GU3 1HF
Auditor: DSK Partners LLP
Chartered Accountants and Statutory Auditors
306 High Street
Croydon
Surrey
CR0 1NG

Page 4

The Green Room Charitable Trust

Trustees' Report (continued)

Statement of Responsibilities

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The annual report was approved by the trustees of the charity on ....................20/08/2024 and signed on its behalf by:

......................................... T G Prickett Trustee

Page 5

The Green Room Charitable Trust

Independent Auditor's Report to the Members of The Green Room Charitable Trust

Opinion

We have audited the financial statements of The Green Room Charitable Trust (the 'charity') for the year ended 1 October 2023, which comprise the Statement of Financial Activities, Statement of Financial Position, Cash Flow Statement, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Page 6

The Green Room Charitable Trust

Independent Auditor's Report to the Members of The Green Room Charitable Trust (continued)

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters where the Charities (Accounts and Report) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Responsibilities (set out on page 5), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Page 7

The Green Room Charitable Trust

Independent Auditor's Report to the Members of The Green Room Charitable Trust (continued)

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity trustees, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to trustees in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

...................................... Romit Basu FCA (Senior Statutory Auditor) For and on behalf of DSK Partners LLP Chartered Accountants and Statutory Auditors 306 High Street Croydon Surrey CR0 1NG

20/08/2024 Date:.............................

Page 8

The Green Room Charitable Trust

Statement of Financial Activities for the Year Ended 1 October 2023

Note
Income and Endowments from:
Donations and legacies
2
Investment income
3
Total income
Expenditure on:
Charitable activities
4
Governance costs
Other expenditure
Total expenditure
Gains/losses on investment assets
Net income/(expenditure)
Other recognised gains and losses
Other gains/losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Total
2023
£
1,035,100
10,106
1,045,206
(1,171,854)
(509)
(2,235)
(1,174,598)
157,855
28,463
(1,577,947)
(1,549,484)
10,448,237
8,898,753		 Total
2022
£
-
2,270
2,270
(1,142,983)
(2,958)
(205)
(1,146,146)
696,538
(447,338)
2,988,197
2,540,859
7,907,378
10,448,237

The notes on pages 12 to 18 form an integral part of these financial statements. Page 9

The Green Room Charitable Trust

(Registration number: 1134766) Statement of Financial Position as at 1 October 2023

Note
Fixed assets
Social Investment
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
12		 2023
£
8,406,478
3,705
491,323
495,028
(2,753)
492,275
8,898,753
8,898,753
8,898,753		 2022
£
8,951,009
-
1,499,826
1,499,826
(2,598)
1,497,228
10,448,237
10,448,237
10,448,237

The financial statements on pages 9 to 18 were approved by the trustees, and authorised for issue on ....................20/08/2024 and signed on their behalf by:

......................................... T G Prickett Trustee

The notes on pages 12 to 18 form an integral part of these financial statements. Page 10

The Green Room Charitable Trust

Cash Flow Statement for the Year Ended 1 October 2023

Note
Cash flows from operating activities
Net cash (expenditure)/income
Adjustments to cash flows from non-cash items
Investment income
3
Working capital adjustments
Increase in debtors
9
Increase in creditors
10
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
3
Purchase of social investment
Net cash flows from investing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at 2 October
Cash and cash equivalents at 1 October		 2023
£
(1,549,484)
(10,106)
(1,559,590)
(3,705)
155
(1,563,140)
10,106
544,531
554,637
(1,008,503)
1,499,826
491,323		 2022
£
2,540,859
(2,270)
2,538,589
-
138
2,538,727
2,270
(3,456,916)
(3,454,646)
(915,919)
2,415,745
1,499,826

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 12 to 18 form an integral part of these financial statements. Page 11

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

The Green Room Charitable Trust meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The financial statements are prepared in sterling which is also the functional currency of the company and rounded to the nearest pound.

Going concern

As part of the directors' assessment of going concern, they have prepared detailed cash flow and profit and loss forecasts for the next 12 months. The forecasts have been prepared on an appropriate basis, taking into account the current economic conditions that exist.

After making appropriate enquires, the directors have a reasonable expectation that the company has adequate resources to enable it to continue in operational existence for the foreseeable future. They believe it is appropriate to prepare the accounts on a going concern basis.

Income and endowments

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Page 12

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

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 Trust 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.

2
Income from donations and legacies
Donations and legacies:
Donations
3
Investment income
Interest receivable and similar income:
Interest receivable on bank deposits
4
Expenditure on charitable activities
Note
Grant funding of activities
5
20/08/2024		 Total
2023
£
10,106
Total
2023
£
1,171,854		 Total
2023
£
1,035,100
Total
2022
£
2,270
Total
2022
£
1,142,983

Page 13

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

5 Grant-making

Analysis of grants

Below are details of material grants made to institutions

2023 2022
Name of institution Activity £ £
The Funding Network 19,500 28,500
Renewable World - -
Disability Africa 5,000 3,500
AMF - 81,200
Medicine Sans Frontiers 70,000 80,000
Int'l Rescue Committee UK - -
Save the Children - 6,000
So Give CATF - 263,900
So Give CFRN - 30,450
So Give MWA - -
So Give CSER 171,000 180,000
So Give Malaria Consortium 38,954 55,000
So Give 191,400 151,975
United World - 3,000
The Tiyeni Fund - -
The Felix Project - -
Team Kenya CIO - -
SoGive Suvita - -
SoGive Strong Minds - -
SoGive NTI - 60,900
SoGive CESAC - 71,050
Raising Futures - -
Pipal tree Tom Prickett - -
Horsley and Bookh - -
G Rosenfeld 20,000 40,508
Renewable World The Green Room - 2,000
Strongminds 80,000 55,000
Clear fund DBA givewell 156,000 30,000
Centre for Effective 215,000 -
Nine muses foundation 62,000 -
Coalition for rain 10,000 -
Doeben doacoes fee 35,000 -
Nuclear threat 40,000 -
International RC Donation 30,000 -

Page 14

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

BSST Green room donation
Reprezent Training Tom Donation		 3,000
25,000
1,171,854		 -
-
1,142,983

6 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses from the charity during the year.

7 Staff costs

There were no employees during the year.

8 Social investments

Unlisted Investments
Opening
Balance
Additions/
(Redemption)
Realised
Gain/(Loss)
Unrealised
Gain/(Loss)
Closing
Balance
Bridges Ventures Fund III LP
206,758
(3,128)
845
(46,561)
157,914
Bridges
Property
Alternatives
Fund III Unit Trust
620,207
5,150
15,586
(103,686)
537,257
Bridges
Property
Alternatives
Fund IV Unit Trust
1,024,238
(125,769)
110,076
2,019
1,010,564
Bridges
Sustainable
Growth
Fund IV LP
1,689,609
37,499
23
(254,827)
1,472,304
Bridges Evergreen Capital LP
3,830,247
(78,099)
1,345
(743,660)
3,009,833
Global Health Investment Fund
300,349
-
(119)
(5,932)
294,298
Bridges Sustainable Growth IV
(B)
409,959
443,231
3,659
856,849
Bridges
Property
Alterntive
Fund V
869,642
596,676
30,100
(428,959)
1,067,459
Total
8,951,009
875,560
157,856
(1,577,947)
8,406,478		 Unlisted Investments
Opening
Balance
Additions/
(Redemption)
Realised
Gain/(Loss)
Unrealised
Gain/(Loss)
Closing
Balance
Bridges Ventures Fund III LP
206,758
(3,128)
845
(46,561)
157,914
Bridges
Property
Alternatives
Fund III Unit Trust
620,207
5,150
15,586
(103,686)
537,257
Bridges
Property
Alternatives
Fund IV Unit Trust
1,024,238
(125,769)
110,076
2,019
1,010,564
Bridges
Sustainable
Growth
Fund IV LP
1,689,609
37,499
23
(254,827)
1,472,304
Bridges Evergreen Capital LP
3,830,247
(78,099)
1,345
(743,660)
3,009,833
Global Health Investment Fund
300,349
-
(119)
(5,932)
294,298
Bridges Sustainable Growth IV
(B)
409,959
443,231
3,659
856,849
Bridges
Property
Alterntive
Fund V
869,642
596,676
30,100
(428,959)
1,067,459
Total
8,951,009
875,560
157,856
(1,577,947)
8,406,478		 Unlisted Investments
Opening
Balance
Additions/
(Redemption)
Realised
Gain/(Loss)
Unrealised
Gain/(Loss)
Closing
Balance
Bridges Ventures Fund III LP
206,758
(3,128)
845
(46,561)
157,914
Bridges
Property
Alternatives
Fund III Unit Trust
620,207
5,150
15,586
(103,686)
537,257
Bridges
Property
Alternatives
Fund IV Unit Trust
1,024,238
(125,769)
110,076
2,019
1,010,564
Bridges
Sustainable
Growth
Fund IV LP
1,689,609
37,499
23
(254,827)
1,472,304
Bridges Evergreen Capital LP
3,830,247
(78,099)
1,345
(743,660)
3,009,833
Global Health Investment Fund
300,349
-
(119)
(5,932)
294,298
Bridges Sustainable Growth IV
(B)
409,959
443,231
3,659
856,849
Bridges
Property
Alterntive
Fund V
869,642
596,676
30,100
(428,959)
1,067,459
Total
8,951,009
875,560
157,856
(1,577,947)
8,406,478		 Unlisted Investments
Opening
Balance
Additions/
(Redemption)
Realised
Gain/(Loss)
Unrealised
Gain/(Loss)
Closing
Balance
Bridges Ventures Fund III LP
206,758
(3,128)
845
(46,561)
157,914
Bridges
Property
Alternatives
Fund III Unit Trust
620,207
5,150
15,586
(103,686)
537,257
Bridges
Property
Alternatives
Fund IV Unit Trust
1,024,238
(125,769)
110,076
2,019
1,010,564
Bridges
Sustainable
Growth
Fund IV LP
1,689,609
37,499
23
(254,827)
1,472,304
Bridges Evergreen Capital LP
3,830,247
(78,099)
1,345
(743,660)
3,009,833
Global Health Investment Fund
300,349
-
(119)
(5,932)
294,298
Bridges Sustainable Growth IV
(B)
409,959
443,231
3,659
856,849
Bridges
Property
Alterntive
Fund V
869,642
596,676
30,100
(428,959)
1,067,459
Total
8,951,009
875,560
157,856
(1,577,947)
8,406,478
8,951,009 875,560 157,856
(1,577,947)
8,406,478

Page 15

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

Bridges Venture Fund III LP is a closed end private equity investment fund. The charity has committed a total capital of £400,000 towards this investment which provides funding capital to companies which focus on social benefit. The investment is stated at cost above as in the Trustees opinion this is the fair market value. The investments have a lock in period of at least five years following which they will provide an investment return to the charity.

Bridges Property Alternatives Fund III is an investment in a Unit Trust. They invest in emerging and underserved locations, creating and generating workspace for SME's or providing healthcare facilities for the ill or elderly in underserved markets. The charity has committed a total capital of £800,000 towards this investment which provides funding capital to companies which focus on social benefit. The investment is stated at fair market value.

Bridges Property Alternative Fund IV is a closed end private equity investment fund. The charity has committed a total of £1,200,000. The investment is stated at fair market value.

Bridges Sustainable Growth Fund IV is a closed end private equity investment fund. The charity has committed a total of £2,000,000. The investment is stated at fair market value.

Bridges Evergreen Capital LP is a closed end private equity investment fund. The charity has committed a total of £2,600,000. The investment is stated at fair market value.

Global Health Investment Fund is also a close ended and unlisted social enterprise investment fund. The charity had made an initial capital commitment of $800,000 to this fund, but that has changed over the years via the activity in the capital call notices and estimated changes to the carrying value of the fund’s remaining investments. The investment is stated at fair market value.2/08/2024

Bridges Sustainable Growth IV (B) is a closed end private equity investment fund. The charity has committed a total of £1,000,000. The investment is stated at fair market value.

Bridges Property Alternative Fund V is a closed end private equity investment fund. The charity has committed a total of £2,000,000. The investment is stated at fair market value.

All the investments are programme related investments.Bridges Evergreen Capital LP is a closed end private equity investment fund. The charity has committed a total of £2,600,000. The investment is stated at fair market value.

9 Debtors

9
Debtors
Other debtors
10 Creditors: amounts falling due within one year
2023
£
Accruals
2,753		 2023
£
3,705
2022
£
2,598

Page 16

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

11 Commitments

Other financial commitments

The charity has following financial commitments-

Name of Investments Amount
Committed		 Amount
Invested at
year end		 Amount to
be invested
in coming
years
Bridges Ventures Fund III LP £400,000 (42,692) 442,692
Bridges Property Alternatives Fund III Unit Trust £800,000 139,171 660,829
Bridges Property Alternatives Fund IV Unit Trust £1,200,000 518,047 681,953
Bridges Sustainable Growth Fund IV LP £2,000,000 1,097,567 902,433
Bridges Evergreen Capital LP £2,600,000 2,300,947 299,053
Bridges Sustainable Growth IV (B) £1,000,000 869,250 130,750
Bridges Property Alterntive Fund V £2,000,000 1,136,807 863,193

12 Funds

12 Funds
Unrestricted funds
General
Unrestricted funds
General		 Balance at
2 October
2022
£
10,448,237
Balance at
2 October
2021
£
7,907,378		 Incoming
resources
£
1,203,061
Incoming
resources
£
698,808		 Resources
expended
£
Unrecognised
gains/(losses)
£
(1,174,598)
(1,577,947)
Resources
expended
£
Other
recognised
gains/(losses)
£
(1,146,146)
2,988,197		 Balance at
1 October
2023
£
8,898,753
Balance at
1 October
2022
£
10,448,237

Page 17

The Green Room Charitable Trust

Notes to the Financial Statements for the Year Ended 1 October 2023 (continued)

13 Analysis of net assets between funds

13 Analysis of net assets between funds
Social Investment
Current assets
Current liabilities
Total net assets
Social Investment
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
8,406,478
491,323
(2,753)
8,895,048
Unrestricted
funds
General
£
8,951,009
1,499,826
(2,598)
10,448,237		 Total funds
2023
£
8,406,478
491,323
(2,753)
8,895,048
Total funds
2022
£
8,951,009
1,499,826
(2,598)
10,448,237

14 Related party transactions

During the year, the charity received £1,035,100 (2022: Nil) donation from Charities Trust which receives Payroll giving of Tom Prickett, a trustee.

Page 18

The Green Room Charitable Trust

Detailed Statement of Financial Activities for the Year Ended 1 October 2023

Income and Endowments from:
Donations and legacies (analysed below)
Investment income (analysed below)
Total income
Expenditure on:
Charitable activities (analysed below)
Other expenditure (analysed below)
Total expenditure
Gains/losses on investment assets
Net income/(expenditure)
Other recognised gains and losses
Other gains/ losses
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Total
2023
£
1,035,100
10,106
1,045,206
(1,172,363)
(2,235)
(1,174,598)
157,855
28,463
(1,577,947)
(1,549,484)
10,448,237
8,898,753		 Total
2022
£
-
2,270
2,270
(1,145,941)
(205)
(1,146,146)
696,538
(447,338)
2,988,197
2,540,859
7,907,378
10,448,237

This page does not form part of the statutory financial statements. Page 19

The Green Room Charitable Trust

Detailed Statement of Financial Activities for the Year Ended 1 October 2023 (continued)

Donations and legacies
Donations
Investment income
Interest on cash deposits
Charitable activities
Grants payable - institutions
Governance costs
Auditors' remuneration - audit work
Other expenditure
Bank charges
Investment Equalisation interest		 Total
2023
£
1,035,100
1,035,100
10,106
10,106
(1,171,854)
(1,171,854)
(509)
(509)
(352)
(1,883)
(2,235)		 Total
2022
£
-
-
2,270
2,270
(1,142,983)
(1,142,983)
(2,958)
(2,958)
(193)
(12)
(205)

This page does not form part of the statutory financial statements. Page 20