REGISTERED CHARrrY NUMBER: 1134766 Th6 Green Room Charltabl Trvs ort f the Trustees and Hnandal Statements forthe Year Ended 1st O¢tober2tr24 Barne5 Noble Ltd Chartered Accountant & Registered Auditor Unltec House 2 Albert Place London N3 IQB
The Green Room CharltableTrust ncial Ststements for eye rEn PdgÉ Report of the trustee5 I to d Report of the Independent audltors statemént of flnanclal attlvltles Statement of Ilnanclal poslllon Statement of cash flows io Notes tothe flnahclal statements 11 to 17
Re ortofthèTrustse$ for the Year Ended Lst October 2024 The trustees present the annual report together wlth the financial statements of the charity for the year ended l October 2024. Objectlves and aCtIe5 Objecllve5 and alms The objects of the Trust are to support such exclusively charitable purposes as the Trustees may from time to tirne in their absolute dlscretSon declde. The Tru5tee5 consider mal(In8 grants to re8lstered UK and Internatlonal charities, speeiflvdlly focussln8 on the followin8 areas: l. povertyi human rights, social entery>rises 2. ethlcpl and social Irrpact Investments Publlc benefit The tnjstees conftrm that they have complSed wlth tho requlrements of section 17 of the Charitles Act 2011 to havo due regard to the public benefit guidance published by the Charity Commission for England and Wales. StrateBic rnport Athievement and performance Charltableacllvftles Durlng the year the charlty was able to ralse a further £1,376,97712023,, £1,035,100) through donatlons of whlch It was successfullv able to donate £l,000,05612023: £1,171,8541 and wlthdraw-£2,205,72012023.' £875,560) for social benefit. The totsl unrèstrlrted reserves of the charlty at 1st OctobÈr 2024 are £8.776,597 (2023,. £8,898,753) INhl¢h rÈpresènt 100% of thè assets. The Trustees have assessed the Charit¢5 need for reserves and consider the present level appropriate in relation to liabilities and future Service. Flnanclal revlew Pollcy on reserve5 Reserves are held In an In5tsnt ?cce55 bank account, Page I
The Green Rofrm Charltable Trus forthe Year Ernded 1st tober 2024 strateBiC report Flnanclal rthAew InVeent polky and oblecuves l. Introductlon 1.1 The Green Room CharltableTrustls an unlncorpoTrted charlty establlshed byTrust Dee(I, which has general charltsble aims. 1.2 The Trust has assets whlch are expected to accumulate to 2 total value around £IOM through a comblnation of direct donatlons, investment return5 and accrued interest. Assetg are thereafter expect8d to éeclim steadily as annual grant mak5ng increasès and exceeds annual income, 1.3 The trustees are governed by theTru5t deed established in 2009 which sets out the general power of Investment. 2. Investment Oblectlves 2.1 The Tst seeks to make investrients whlch promise to have a demonstrable posltlve soclal or envlronmentsl impact along with an expected positive financial return. 2.Z The Trust's Investment objective 15 to for capltal growth in excess of illflalion IRPII- 2.3 On occasions where potenlial social or environmentsl impactls deemed si8nificant, an expected return below RPI (but stlll eypected to preserve capltall on a s5ngle Invesknent wlll be consldered. 3. Risk 3.1 The Trust invests to mitigate long term inflation risk. Capital and income volatlllty can be tolerated If consistent wlth expectatlons. 3.2 The Trust's assets are diverslfied Ihrough investment in rnultiple funds, term depat$ and bonds. ÈL Llquldlty Requlrements 4.1 The Trust will tolerate reduceLI Ilquldlty over seve1 years on fund Investsments where the potential positive social or environmental Impatt. or Investment return Is deemed SIfIcant. 5. Time Ptorizon 5.1 The Tru5É can adopt a long tem investment time horiion. 6. ManagemenL Reporting and Monitorin 6.1 The Trust's asset value and income Is monltored on an ongoln8 basis ind recorded annually. 6.2 The trustees review the performance of indivldual Investments agalnst their Inltial targets on an ongoin8 basis. 7. Approval and Review Thi5 Illvestment Policy Statement wa5 prepared to provide a framework for the management of the Green Room Charttable Trust's Invesknent a5sels. It will be reviewed on an annual basi5 to ensure continuinB appropriatelless. Mans torfuture perlods Alms and l¢eyoblecrlves for tknwre perk)ds Charity plan on Increaslng the investments in 8rid6es Funds in line with the oblectfves of the tnjst. The money comlng into the trust through p8yroll 8ivin8 will decline 80ing forwards and stop whell the Trustee leaves his position at IP Morgan. At thls stagè the Interest from the Investments wlll be the main source of income for the grant making pool. Charity will maintain and increase $116htly the level of grant making, Strurturej Governance and management Naturg of Bovernln8document The charity 15 controlleii by Its 6overnin8 documenL a Trust deed dated 30 November 2009 and constltutés a unincorporated charlty. Recrulbnent and appolntmenl of new trustee$ There shall be at least three and no more than seven Trustees and whenever Ihe number of trnstees is reduced to less than three an appolntment sh311 be made 3s soon 8s practicable In order to increase the number of tswstees to at least three and in the meantime the remaining trustees may not exerclse the powers glven to them by the trust deed except so far as may be reasonable Ir order to preserve the Trust fund. The power of appointing new or addlllonal trustees is vested in Tom Pri(*ett. should Tom Prickett die, a new or addltional trustee shall be appolnted by 8 resolutlon of the trustee5 whlch15 recorded in the minute5 and 518ned by the new trustee and such record shall be concluslve evidencè of the appointment. Page 2
Th Re ortoftheTrustsa forthe Year Ended 1st OttobÈr 2024 Structure¥ governance and management Organlsatlonal sitrwrture Tom Prickett rnanages the Investments and Kelty Prlckettls the key coordlnator on the grant maklng and day to day running of thè trust. Inductlpn and tralning of new trustees A Trustee induction programme is bein8 established and perfornian m8na8ement Policies and procedures will be reviewed to ensure the Charlty can contlnue to 8row, deveknp and resporbd to changing demands, Retsilonshlp$ wlth reIed pariles The charity receives don8tlons from Charltles Trust whlch recelves payroll glvln8 of Tom Prlckel¢ trtee, Donations ire also received from Tom Prlckett from hls employerJP MorbTrn's payroll. Reference and admlnlstratlve dÈtslls Reglstered Chawlty number 1134766 Reglsterad offlce Plccards Wood SÉndy lane Gulldford GU3 IHF Trustees T G Pricketi Mrs K Prickett AHFerry Audttors Barnes Noble Ltd Chartered Acct)untant & ReElstsrod Audltor Unitec House 2 Albert Place London N3 IQB Page 3
The Room CharltalJlÈ Trus Re of theTrustees rthey Statemert of tstee5, reSPDn51bilitles The trustees are responslble for Pfeparlng the trustees, report and the flnanclal statements in ac£Drdance with the United Kin8dom Ac¢ountln8 Strndards Iufjlted Kingdom Generalty Accepted Accounting Pra¢ti¢el and applicable law and regulatlons. The law applicable to charities requlres the trustees to prepare financial statements for Eaeh financlal year 1¢h glve a true and falr vlew of the state of affalrs of the ¢harlty and of the In¢omlng resource5 and appllcatlon of resources of the charity for that p2rlod. In preparing these financial Statements, the trustees are required to.. select suitable actountlng policies and then apply them conslstenty, , observe the methods and prlnclples In the Charltles SORP,. . make judgements and estimates that are reasonzble and prudent. state whether applicable a¢countln8 Standards have been follDwed, subjef t to any materfal departurès dlsclosed and explalned in the financial statements; and prepare the financial statements on the golng concern basls unless It Is inapproprlate to presume that the charity will continue in bsiness. The tru5tee5 are respon51ble for keeplng proper accountlng records that dlsclose wlth reasonable accuracy 8t any tlme the flnanelal position of tharity and enable them to ensure that the financlal statements comply wlth the ftharltles Art 2011, the Charftles IAccounts and Reports) Regulations 2008. and the provisions of the constitution. The tru5tee5 are a150 responsible for ufeguardlnE ihe assets of the charity and hence for tsking reasonable steps for the prevention and detertion of fraud and other irregularities. The trustees are responslble for the malntenance and Integrlty of the corpornte and flnanclal Informatlon Included on the charitable company's website. Legislatlon governing the preparatioll and dissemlnatlon of financial statements May differ from le8lslatlon In other lurlsdlctlons. AdIS The audFtor5, Barne5 Noble Ltd, will be proposed for re-appoilltment at the forthcoming Annual General Meeting. Report of the trustees, Incorporatlng a Strate8lc repor¢ approved by order of the board of truslees, as the company directors. o 31stJuly 2025 and slgned on the board's behalf bv: T G Prfckett-Trustee Fage 4
Re or of the Ind oom Chailtable TYU e Members of Oplnlon We have auditsd the financial statsments of The Green Room CharStable Trust Ithe'charlty'l for thè yéar ended i October 2024, whlch eomprlse the Statement of Finènclal Actlvltles, Statement of Finand31 PosStlon, Cash Flow Ststement. and Notes to the Flnanclal Statements, Inclvdlng a summary of slgnlfitant aecountlng pollcies. The financi31 reporting frameiNork that ha5 been applled in their preparatlon Is United Kingdom Accounting Standards, COMPIng Charltle$ 50RP- FR5 102 'The Flnan¢lal Reportlng 5tsndard appllcable In the UK aml Republic of Ireland, and appllcable lèw Iunlted Klngdom Generally Accepted Accountin8 Practice). In our opirnion the financial statements.. give £ true and fair vievl of the stste of the charlty's affalrs as at i October 2024 and of its incomirbg resources and appllcation of resources, includlnE Its income and expendlture, for the yearthen ended. • have been properly prepared in a¢cordan¢e wlth Unlted Kln8dom GeneIlY Accepted Accountlng Practice., and have been prepared In accordance wlth the requlrements of the CharItS Act 2011. Ba$ls foroplnlon We conducted our audlt In accordance with Internatlonal Standards on Audbtin8 IUKI IISAS IUKII and applicable law. Our responsibililies Urer those stsndards are further described in the auditor responslblllties fr)r the audit of the finenclal ststements section of our report. We are independent Df the charity in 6ccordance with the ethical requirements that are relevant to our audit of the financial ststements In the UK, Including the FRUS Ethical Standard, and we have fulfilled our other ethical responslbillties in accordance with these requirements. We believe that the audlt evldence we have obtslned 15 5ufficlent and approprlate to provlde a b?515 for our opinion. Concluslons relatlng to 8olng¢ontern In audltln8 the finzncial statemenrs, we have concluded that the trustees use of the going concern ba51s of at¢ountlng In the prep3ratlon of the flnarflal staternent5 is appropriate. Based on the work we have perft)nned, we have not identified &ny material uncertsintie5 ielatiit8 to events or corbditlOll5 that, Individually or collectlvely, cast Si8niflcant doubt on the charity'5 ability to continue as 8 going concem fDr a period of at least twelve month5 from when the original financial Statements were )uthorfsed for Issue, Our rponSIbIlItIeS and the responslbllttles of the trnstees with respect to golng concern are descrlbed In the relevant sections of thls report. oihar Inlormatlon The trustees are responsible for the other information. The Dther information comprlses the informatlon included In the annu81 report, other than the financial thtements and our auditorf5 report thereon. Our opinion on the financial ststements does not cover the other informatlon and, except to the extent otherwise expllcitly stated in our report, we do not express any form of assur4n conclusion thereon. In connectlon wlth our audit of the financlal stateMent5, our respon51blllty Is to read the other Informatlon and, In dolng 50, cor151der whether the other informatlon Is m3ter1311y Inconslstènt wlth thè flnantlal statèments or our knowl@dge obtalnèd In the audlt or othenNI appèars to be materially mls5tsted. If we identify such material inconsistencies or apparent material misststements, we are required to detennine whether there Is a material misstatement in the financial Statements or a rnaterial misstatement of the other information. If, based on the wvurk we have performed. we conclude that there is a material mi5Statement of thi5 other information. we are required to report that fact. We have nothlng to report In this regarnl. Pa8e 5
the Ind nt Audltor5 Matteys on which we are requlred to report by emceptlon In the Ilght of our knowledge and understandillE of the chartty and Its enrOrtMent obtalned In the course of the audit, we have not Identlfied Malerlal misstatements In the Report of the trustees. We have nothing to report in respect of the followlng matters where the Charllles IAccounts and Reportl Regulatlons 2( requlre5 U5 to report to you if, in our opinion: adequate accounilng records have not been kep( or returns adequate for audlt have not been recelved from branches not Visited by us; or the financial Statements are not in agreement wlth the accountlng records ané return5; or certaln dlsclosures of trusteès remuneratlon 5peclfled by law are not madè; or we have not received all the information alld explanatlons we rèqulre for our audlt Re5ponslbllltlesof trStee5 As explalned more fully In the Ststsment of Responslblllties (set out on page 41, the trustees are responslble for the preparatlon of the flnandal staiements and for being satisfled that they give a true and lair view, and fer such internal conirol as the trustees determine Is necessary to enable the preparation of flnanclal siatemenis that are freé from materlal misstatement, whether due to fraud or error. In preparillg the financial statements, the ItU5tee5 are responsible for assessin8 the charity's ability to continue as a going concern, dlsclosln& a5 appllcable, matler5 relèted to going concern and using the goin8 concern basi5 of accounting unless the trusteès either llltend to Ilquklate the charlty or to cease operatlons, or have no realislic alternative but to do so. Our responslbllltlesfi)r the audlt of thé flnanclal stalements Our objectives are to obtain reasonable assurance about whether the flnanclal statemènts as a whole are free from m3ter121 mi55tsteMenL whether due to fraud or error, to issue a Report of the independent auditor5 that includes our oplnion. Reasonable assurance is a high level of a55urance, bul is not a guarantee that an audit conducted in accordance with ISA5 IUKI will always detect 3 materlal mlsstatement when It exlsls. Mlsslatements can arise from fraud or error and are considered material if. indlvidually or in the ag8rete, they could reasonably be expected to Intluence the economlc declslons. of users taken on the basi5 of these financial statements. The extent to whith our procedures are capable of detectlne Irregularttles, Includlng fraud Is detalled bolow: U51ll8 our general commercial and sector experience and throL¢gh discussions with the director5 and management, we klentlfied areas of law5 and regulatlons that could reasonably be expected to have a material effect oll the financial 5tstements as well as tlbjse arising from managemenvs own assessment of the rlsks thal Irregularltles may occur either as a result of fraud or error. We examlned the Company's regulatory and legal COespondenCe a1 dlscussed wlth the dlrectors and management any known or Suspected instances of fraud or non-compliance with law5 and regulations. We ¢ommvnl¢ated Sdentlfled laws atKI regulations and potential fraud risks to all enga8ement team memrS and remained alert to any indications of fraud or non-compll2n¢e Mrlth laws and regulation5 throughout the audit. In addres51ng the rlsk of minagement overrlde of ¢ontrols, we tested the approprfateness of Journal entrles. We also challenged assumptions and judgemont5 made by management In thelr slgnlff cant accountlng esdmate5 and judgements. There are inherent limitatlOll5 in the audit procedure5 de%ribed above and the further removed nonomplIance wlth laws and regulatlon5 is from the events and tran5artions reflected in the financial statement5, the le55 likely we would become aware of IL Also, the risk of not detectin8 a materlal mlsststement due to fraudls hlgher than the rlsk of not deteclln8 one from error, as fraud may Involve dellberate concealment bvi for example, forgery ¢r Intention81 misrepresentatlon, or through collusloll. A further descriptlon of our responslbllltles for the 2udit of the financlal statements Is located on the Flnanclal Reportlng Coun¢il's website at www.frc.orB.uVauditorsresponslbilltles. Thls descrlptlon forms part of our Report of the Independent Audltors. Pa8e 6
he Members of e Green Room CharltableTrust Use ofour report This report is made solely lo the ¢harSty trustees, as a body& In accordance with section 144 of the Charities Att 2011 and regulatlons made under 5ectlon 154 of that Att. Our audlt work has been undertaken so that we mlght Slate to the trustees those matters WÈ are requlred to stste to trustees In an auditors, report and for no other purpose, To the fullest extent permltted by Ibw, we do not accept or assume responslbllity to anyone other than the charlty and its trustees 35 a body, for our audit work, for thls repor¢ or for the oplnlons we have formed. mit asu FCA Iseniorststutory Auditor) for and on behélf of Barnes Noble Ltd Chartered Accountant & Re8lstered Audltor Unltec House 2 Albert Place London N3 IQB 31stJuly 2025 Page 7
The Green Ro harit Statement of Flnandal Aclmtles the Year Ended 1st October 2024 2024 Unreststcted fvnd 2023 Total funds Notes Income and endowments Irom Donatlons and legacles 1,376,977 1.035,100 Investmellt income 9,275 10,106 Total I.386,2 1,045,206 EXpedIre on Raising funds 1,000,056 L171,854 tharitable a(tlvitie5 Governance Cost 4,777 509 Other 152 2,235 Total i.(I)4.985 1,174,598 Net 8ains111055esl on investments 1503,4231 1,420,092) NET INCOMEI{EXPENDITUREI 11211561 11,549,4841 Reconclllatlon of funds Totsl funds brought forward 8,898,753 10,448.237 Totsl funds carrled fonvard 8,776.597 8,898,753 Thè notes form part of these flnanclzl statements Page 8
The Green Room Charltablè Trust Statement of Flnanclal Posltlon 1st ottober 2L124 2024 Unreslrlcted 2023 Total funds Note5 Fixed assets Social investments li 5.697,335 8A06,478 Current assets Debtors Cash at bank 12 3,705 3,078,431 3,705 491,323 3m2,136 495,028 Credltors Amounts tslllng due wSthln one year 13 12,8741 12,7531 Net current a55ets 3.079.262 492,275 Totsl aet5 less Current li4bilitie5 8,776,597 8.898,753 NET ASSETS 8.776,597 8,898,753 14 Unrestricted funds 8,776.597 8,898,753 Total funds 8.776,597 8,898,753 The financial statements were approved by the Board of Trustee5 and authorlsed for15sue on 3tstJuly 2025 and were s18ned on Its behalf by.. T G Prickett- Trustee The notès form part of these flnancial 5tstementS Page 9
The Green Rotsm Charltsble TrS tate ober 2024 2024 2025 Notes Cash Ilows from operntlng actlvltles Cash generated fram Dperations 17 372,111 11,563,140) NetCa5h provlded byllu5ed inl opÈratlnE attivltles 372,111 1,565.1401 Cash flow5 from Investlng actfvltles PLFrchase of social Investments Interest recehjed 2,205.722 9,275 544,531 10,106 Net cash proviéed by Investing activilies 2,214,997 554.637 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equlvaleAt$ atthe beglnnlN8 of the rÈportlng perfod 2,587.108 11,CM)8,503 49L323 1.499,826 Cash and cash equl¥alent$ atthe end of the reportlng perlod 3,078,431 491,323 The no*S form part of these flnancial 5tstements Page 10
enRo lo Trust tes to the Flnanclal Statements for Statement ol compllamce The finantlal ststements have been prepared In accordance wlth the second editlon of the Charities Statsment of Recommended PrattS¢e issued in ottober 2019, the Flnancial Reporting Standard applicable In the United Kingdom and Republlc of Ireland IFRS 1021 and the Charttles Act 2011. Accountlng I)11cleS a515 of preparatlon The Green Room Charitable Trust meets the definltlon of a publ1¢ benefit entlty under FRS 102. Thè accounts lfinanclal Statements) have been prepared under the historical c05t conventiun with ttems recogni5ed at Cost or transactlon valu2 unless otherwlse stated In the rele1 notelsl to these accounts, The flnanclal statsments are prepared In stsrllng which ts also the fun¢tlonal currency of the company and rounded to the nearest pound. GolnB concern As part of the directors, assessment of %Dlng concÈrn, thèy havè prepared detèlled czsh flow ènd profft and loss forecasts for the next 12 months. The forecasts have beeh prepared on an approprlatÈ basls, taklng Into account the Cent economlc conditions that exist. After makin8 appropriate enquires, the directors have a reasonable expectation that the ¢ompany has adequate resources to enable It to contlnue In operatlonal exlstence for the foreseeable future. They believe it is apprDpriate to prepare the accounts on a 8rilng concem basls. Income All incom@ is re¢oBrnised in thè St3tÈment of Flnanclal Actlvltles once thè charlty has entltlement to the funds, It Is probable that the income will be received and the amount can bÈ mèasurÈd rell3blv. Expenditure Liabi5ities are recognised as expenditure as soon as there is a legal or c0Tr5tructive obli8ation CDmmittinE the charity to that expendlture, It Is probable that a transfer of economic benefits will be required in Settlement and the amount of the obligation can be measured rellably. Expendlture Is accounted for on an accruals bas15 and ha5 been classified under headin85 that zggregate all cost related to the category. Where costs cannot be dlrettly attributed to partlcular he?dings they have been allocated to actlvltles on a bssls conslstent wlth the use of resource5. Taxatlon The tharity is exempt from corpor3tion tsx on Its charltable actlvltle Fund accountlmg Unrestricted lunds can be used In accordance wlth the charltsble oblettlves at the dlscretion of the trustee5. Restrlcted funds can only be used ft)r partlcular resrricted purposes wlthln the oblects of the ¢harity. Restrlctions arlse when specifled by the donor or when funds are lSed for particular restylcted purposes. Further explanation of the nature and purpose of each fund is Included In the notes to the financlal 5tstement& Traile debtors Trade debtors are amounts due from customers for merchandlse sold or seNlces performed in the Drdinary course of busine5& Trade d2bturs are rEcoEnlsed inltlally at the transactlon pri. They are subsequently measured at amorti5ed c05t En8 the effoctlve Interèst method. less provlslon for imp3irment. A provision fDr the impairment of trade debtors is estab115hed when there is objective evidence that the charlty wlll not bè able to collect all amount5 due according to the orlglnal term5 of the receivables. Pase 11 continued..
Thè Green Room Charltablè Trus Notes to the Flnanclal Statements- contlnued Ende Donafjons and legacies 2023 Donatlons and glfts 1,376,977 1,035,100 Inveslmeni Incomg 2023 Deposit atcount interest 9,275 10,106 RaislnB funds Grant Makkn8 Analys15 of 8raiitS Below are details of materials grants made to Instittrtions ActIty Name of IStItUtIon 2024 2023 The Fundlng Network Disability Africa Medicine Sans Frantiers So Give (SER So Give Malaria Consortium So Glve Glvewell So Give G Rosenfeld Strongminds Clear fund DBA givewell CentsE for Effective Nine muses foundation C021itlon for rain Doeben doacoes fee Nuclear threat International RC Donation BSST Green roorn donatlon Reprezent Tralnln8 Tom Donat1( Habltat for humanity Great Brttain Crlsls UK Universlty of ¢ambrldEe CSER Council for 5trateglc rlsk Unseen IUKI Medeans Sans Frontleres 14,000 19,500 5,QMJO 70,(M)O 171.IXJO 38.954 55,220 197.500 197,500 220,000 191,400 20,000 80,000 156,000 215.CQO 62,0 10,000 35,000 40,000 80,000 40.000 25,WO 5,000 20,000 75,ory) 30.836 S,OOD 60.000 I,0,056 1,171,854 Pa8e 12 continued...
The Green Room Charltable Trust tlnued for the Year Ended 1st October 20 Charltsble actl¥ltles ¢osts Support tosts (see note 71 Governance Cost Support costs Governance costs oihèr Totals other resources expended Governance Cost 152 152 4,777 4,777 152 4,777 4,929 Net ioMe/(expend1Iurej Net Income/lexpendlturel1s ststed after charglwllcreditlng): 2024 2023 Audltors, remuThèr3tlon 4,777 509 Trustees. remuneratlon and bèneflts There werè rho trusteÈs' remuneration or other benefits for the year ended Istoctober 2024 nor for the year ended 1st October 2023. Trw5tee5' expen5e5 There were no trustee5' expenses pald for the year ended 1st October 2024 nor for the year ended 1st October 2023. CoMparaS tor the statement of flnamclal activltlÈs UnrestrktÈd fund Income and endowments frum Donations and legacies L035,100 Irwestment Income 10,106 Total 1,045,206 Expendlturè on Raislng furnds L171,854 Charltsble actlvltles Governance Cost 509 Other 2,235 Total 1,174,598 Page 13 contlnued...
The aritsble Trust tes totho Flnandal Statements- contlnued for the Year End 1st October 2024 io. Comparatlves for ihe statement of Ilnancl81 artlvldes. contlnued Unrestrlcted fund Net Bainslllossesl on illve5tments IIA20,0921 NET INCOME/IEKPENDITUREI 11.549,4841 Reconclllatloh of funds Toial funds brought forward IOM48,237 Total thnds carrfed lorward 8,898,753 ii. Sodal Investment5 Opening AddItn$/ Rèallsed balance IRedempolon} Galnsl ILossl Unreallsed GalnsllLossl Closlng Balance Un115ted Investments erfdges Ventures Fund111 LP BridBesSustalnable GrowthFund IV LP BridBesSustaln3ble Growth IVIBI Bridges Evergreen Capltal LP Brid8es Property AternativesFund111 ¢Jnil Trust Qrfdges Property AternativesFulld IV Unli Trust Brfdges Property AltematlveFund V Global Health Imiestment Fund 157,914 125.900 16,4411 9.038 134,611 1.47131)4 856,849 3,009,833 13915371 1224.8421 11,845,661 92,230 1227,5851 1120,2291 161,1081 944,412 51L778 L124,858 21,794 537.257 143.9031 4,248 1107,9741 389,628 1,010,564 1,067,459 294,298 17,453 328,603 118,935 54,494 34,924 1921 132,3641 45,766 1110,1221 950,147 1.476,752 165,149 Total 8,406,478 2,205,722) 201,157 1704,S78 5,697,335 8rld8es Venture Fund 111 LP is a c105ed end private oquity Investmont fund. The charlty has committed a total pItraI of £400,000 towards Ihls Investment whl¢h provldes fvndlng capital to companles which focus on social beneflt The Investment15 stated at C05t above as in the Trustees opinion thi5 15 the fair rnarket value. The investments have a lock in period of at least fjve years followln8 whlch they will provide an irvestment return to the charity. Brléges Property Alternatlves Fund 11115 an Investment In a Unit Trust. They Invest In emerglng and underserved locations, creatlng and generatlng workspace for SME'S or provldlng healthcare facllltles for the111 or elderly in urnderserveLI Markets. The charity has commltted a total capital of £800,000 towirds this investment whlch provldes fundlng capitsl to companies whlch focus on social benefit. The investment is stated at fair market value. Bridges Property Alternative Fund IV Is a closed end prlvats equlty investment fund. The charity has commltted a totsl of £1,200,000. The Investrnent ts ststed at falr market walue. 8rldgès Su5talnable Growth Fund IV Is a closed end private equity Investsnent fund, The charlty has ¢omMitted a total of £2,000,000. The investsnent Is ststed at falr market value. Page 14 confjnued...
The Green Room Chailtable Trust NotÈs to the Flnan£lal Ststements- contlnu for the Year Ended lstO¢tober 1024 ii. Soclal Investments- Contlnued Bridges Evergreen CapStal LP is a closed end prlvate equlty iwe5tment fvnd. The charlty has committed a total Lif 4600,000. The lllvestment Is ststed at f31r market Value. GIDbal Health Investment Fund is also a close ended and unlisted Social enterprlse Investment fund. The charlty had made an initlal capitsl commitment of $8(M),000 to thi5 fund, blrt that has changed over the year5 via the activlty in the capital call notites and esllmated changes to the carrying value of the fund's remainirvd investments. The investment Is stated at fair market value. Bridges Sustalnable Growth IV IBI Is a closed end prlvate equlty Investment fund. The charity has commllted a total of £1,000,0. The Imiestsnent Is ststed at falr market valuE. Bridges Property AlternatÈve Fund V is a closed end private equlty Invèstment fund. The charity has commltted a totsl of £2,OQQ,IX)O. The investment is staled at fair market value. 12. Dobtor5: amounts falllnB due wlthln one year 2024 2023 Other debtors 3.705 3,705 13. Credltor$.' arnoyntsfallln8 due wllhln one y¢ar 2024 2023 Accruod expenses 1874 2,753 Movement In funds Net movement In funds At ZI10123 At 1110124 Unrestrictsd funds Generdl fund 8,898,753 1122,1561 8,776,597 TOTAL FUNDS 8,898,753 1122,1561 8,776,597 Net movement in funds, included in the above are as follows,, In¢omlng re5011rces RoUrceS expended Galns and losses Mo¥emeTrt In funds Unrestrlrted funds General fund 1,386,252 11,004,985> $03,423) 1122.1561 TOTAI FUNDS 1,386,252 1,004,985) 503,4231 1122.1561 Page 15 contlnued..
The Green Room Charltsble Trust the Flnanclal S ments- st October 2024 on fo 14. Movement In fundg- coniinu Comparatlves forrnovement In funds Net At 2110122 )veme In lund5 At 1110123 Unrestrlcted funds General fund 10,448,237 11.549,4841 8.898,753 TOYAL FUNDS 10.448,237 1,549,484) 8.898,753 CoMpar3tlve nèt movement in fullds, included in the above are as follows.. Incomln8 resouKes Resource$ eXded Galns and lossas Movement In funds Unrestrlcred fvnds General fund 1,045,206 11,174.598 IL420,0921 11.549.4841 TOTAL FUNDS 1.045,206 11.174.598) 11,420,092) 11,549,4841 A Currentyear 12 months and prfor year 12 months comblned pOtION Is a5 follows.. Net Movement In funds At 10124 ¥10122 Unre5tr1cted General fund 10,448,237 11,671,6401 8,776,597 TOTAL FUNDS 10,448,237 11,671,6401 8,776,597 A current ye2r 12 months and prior year 12 months comblned net movement In funds, Include(I Ir the above are as follows,. Incomlng resource5 Reu¢S expended Gains and losses Movement In funds Unrestrlcted fund$ General fund 2,431,458 12,179,583) I1,923.5) 11,671.6401 TOTAL FUNDS 2,431,458 12,179,583) 1,923,515) 11,671,640) Page IS continued...
een rftable Tst s- iomilnued for the Year End Isi ortober 2024 Other flngnflal Commltments The charlty ha5 followlng financlal commltments Amount to be Invested In comln8 years Amount Commltted Amowrt Invested al year end 168,5921 95.268 535,5( 705,030 455.286 Name of Investments Brldges Ventures Fund111 LP Bridges Properly Altern?tives Fund 111 UnltTrwt BridBes Properly Aiternatlves Fund IV Unlt Trust Bridges Sustalnable Growth Fund IV LP Bridges Evergreen Caplt31 LP Brldges Sustalnable Growth Iv IBI Bridge5 PrDperty Alternative Fund V £400.0(y) £800,OLKI £1,200,0 £2,000,IKK) £2,600,( £1,000,() £2,000,IXK) 468,592 704,732 664,500 1,294,970 2,144.714 355.592 534.590 1,465AIO 16. Related party transactlons Durlng the year. the charity received £1,376.97712023,' £1.035.1001 donation from Charities Trust which receives Payroll Eiving of Tom Prickett, a trustee. 17. Reconclll&th)n of net eXpendIre to nel tash flow from operatlng ortlvltles 2024 Net expendjture ftir the reportlng perfod las pw the Statement of flnantlal ctmtlesl Adjustments for: Losse5 on imiestments Interest received Increase in debtors Increase in creditor5 1122,1561 11,549,484> 503,421 19,2751 13,7051 155 121 Net Cosh provided by/lu5ed inl operation5 372,111 1,563.1401 Anafysls of changes In net funds At 2110123 Cash flow At I/IOIZ4 Nel cash Cash at bank 491,323 2,587,108 3.078A31 491,323 2,587,108 3,078,431 Tolal 49L323 2,587,108 3,078,431 Page 17