Registered number.. 07463679
Charity number.. 1142289
GRUBB FORWARD LTD
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
CONTENTS
Page
Reference and adrninistrats've details of the company, its Trustees and advisers
Trustees, report
Trustees, responslbllltles statement
Independent examlner'5 report
Statement of financlal activities
Balance sheet
Notes to the flnanclal statements
10-19

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Ms Caroline Roboh
Mrs Sarah Gotley
Dr Eleanor O'Keefe
Mrs RostrLee Levy
Company reglstèr
number
07463679
Charity registered
number
1142269
A¢¢ountants
SRLV Audit Limited
Chartered Accountants
Elsley Court
20-22 Great Titchfield Street
London
WIW 88E
Page 1

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also directors of the charity for the purpose of the Companies Artl present their
annual report together with the financial statements of the company 1.the company") for the year l January
2023 to 31 December 2023. The Trustees confirm that the annual report and financial statements of the
company comply with the currerht statutory requirements, the requirements of the cornpany's governing
document ènd the provlsions of the Charities SORP IFRS 1021 Accounting and Reporting by Charlties..
Statement of Recommended Prartice applicable to charities p￿parIng their accounts in accordance wlth the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January
20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the
Companies Art 2006.
Since the company qualifies as small under section 382 of the Companies Act 2006, the strateglc report
required of medium and large companies under the Companies Act 2006 {Strategic Report and Dlrectors,
Report) Regulations 2013 has been omitted.
ObJ•ctlves and actlvltles
a• Pollcles and objectlves
The objectlve of the charity Is to promote soclal Induslon for public beneflt, partlcularly for the Roma people
(ln Serbial and for people with disabilities, by preventlng people from becomlng soclally excluded and
assisting them to integrate into society.
b. Actlvltles lor achlevlng obJectlves
GRU8B actlvely fights racial preludice through the GRUBB educational centres, the GRUBB Show and the
varlous arts and educatlon programmes created to advocate our goals.
The Trustees have paid due regard to guidance used by the Charlty Commisslon In decldlng what activltles
Grubb Forward should undertake,
Grant maklng pollcles
It is the policy of Grubb Forward to grant funds to run tutoring and artistic programmes in Belgrade, Nis and
Novi Sa<J.
Page 2

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Révlèw ot actlvltles
During the year, the company received donations of E93,629 (2022 - £100,258). Caroline Roboh, a member
of the Board of Trustees donated £91,929 12022 £80,000), The Beaverbrook Foundation donated £1,200
12022 - ENILI, Sir Gordon Palmer donated É500 12022 - ENILI and Grubb Productions CIC donated £NIL
(2022 - £20,258).
As at 31 December 2023, there was a deficit on unrestricted reserves amountin9 to £108,961 12022
£37,017) and no restricted reserves {2022 - £NILI. The unrestrirted reserves are available for use at the
discretion of the Trustees in furtherance of the general objettives of the company and which have not been
designated for other purposes.
In the current year, the TrLtstees have made grants In excess of the total reserves avallable, funded by a
loan received from a Trustee. As a result, the charity has a net liability position at the balance sheet date of
£108,961 12022 £37,017). Prior to making such grants, the Trustees obtained the confirmation of the
fellow Trustee Ilenderl that the loan would not be repayable until such time as the charity has sufficient
fund5 to meet Its obligation5 and make any such repayment. The charity ha5 cash reserves of £68,437
12022 - £137,256) as at the year end, and the Trustees expect the balance sheet posltlon to be reversed
within the foreseeable future such that donations wlll ex¢ee(1 charltable expenditure and posltlve reserves
are malntalned.
GRUBB has created various projects to allow the collaboration and Integratlon of Roma and non Roma young
people including the three GRUBB education centres in Serbia and the GRUBB Show. The GRUBB centres
have a high success rate in keeping Romè chlldren In school and allowlng them to pass their exams.
b. Inv•stment pollcy and ￿rfo￿￿aThC•
The sole investment is in the wholly owned subsidiary, Grubb Productions CIC. Hease see the flxed asset
Investment note for further details.
Flnanclal revlew
a. Golng concern
After making appropriate enquiries, the Trustees have a reasonable expettation that the company has
adequate resources to continue in operational existence for the foreseeable future. For this reason, they
continue to adopt the going concern basis in preparing the financial statements. Further detalls regardSng
the adoption of the going concern basis can be found in the accounting policies.
b. Rèservès poli¢y
It is the policy ol the charity that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to between three to six months of expenditure. The Trustees consider
that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to
continue the charity's current activities while consideration is given to ways in which additional funds may be
raised.
As disclosed in the 'Review of artivities" above, the Trustees made grants in excess of the available reserves
in the year. Appropriate steps to ensure that the charity will be able to meet its obligations were taken at
the time of making the grants. The charity has sufficient Cash reserve5 to allow it to continue to meet it's
activitie5.
Page 3

Forword Ltd on 22 2013.
MIGG CornHn• Robr*&
Mrs RostrLee L
Mrs S¥•h Gotley
Dr seanor O'Kede
Mr Johfi Ir**d 5 Awl 2023)
Mrd Cathertne HesketrHw¥V (re*neA15 W 2023)
the tern￿ of the tnKst dorAI.
olxnpary •nd gu•r**•• ts coytht#A• th• of *I￿n9 up.
dwjvons as fufidlThJ tsec￿T￿ avalatk wlih the alm of IrTw￿￿j Nve5 rf Ind1￿<￿￿1
N• C•mlkn• Wjoh
Twstse

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
STATEMENT OF TRUSTEES. RESPONSIBIUTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees (who are also the directors of the company for the purposes of company lawl are responsible
for preparing the trustees. report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financlal year. Under company
law, the Trustees must not approve the financial statements unless they are satisfied that they give a true
and fair view of the state of affairs of the company and of its incoming resources and application of
resource5, including its income and expenditure. for that period. In preparing these financial statements, the
Trustees are required to..
select suitable accounting policies and then apply them consistenljy,.
observe the methods and prlnciples of the Charities SORP IFRS 102),.
make judgements and accounting estimates that are reasonable and prudent,.
state whether appllcable UK Accounting Standards IFRS 1021 have been followed, subject to any
materlal departures disclosed and explained In the financial statements,.
prepare the financial statements on the golng concem basls unless It Is Inapproprfate to presume that
the company will continue In buslness.
The Trustees are responsible for keeplng adequate accountlng records that are sufficlent to show and explain
the company's transactlons and dlsclose with reasonable accuracy at any time the financial posltlon of the
company and enable thern to ensure that the financial statements comply with the Companles Act 2006.
They are also responsible for safeguarding the assets of the company and hence for taking reasonable Steps
lor the preventSon and detertlon ol Iraud and other Irregularlties.
Page 5

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examlner's report to the Trustees of GNbb Fonvard Ltd ('the companv.)
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31
December 2023.
Regponsibilitie5 and basis of report
As the Trustees of the company land its directors lor the purposes of company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies Art 2006 ('the 2006
Act'l.
Havlng satlsfled myself that the accounts of the company are not requlred to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the
company's accounts carried out under section 145 of the Charities Art 2011 1.the 2011 Art'l. In carrying out
my examination I have followed the Direction5 given by the Charity Commission under section 14515llbl of
the 2011 Act,
Independent examlner's statement
I have completed my examination. I confirm that no matters have come to my attention In connection wlth
the examlnatlon glvlng me cause to belleve=
accountlng records were not kept In respett of the company as requlred by sectlon 386 of the 2006
Act,. or
the accounts do not accord with those records. or
the accounts do not comply with the accounting requlrements of sectlon 396 of the 2006 Act other
than any requlrement that the accounts give a 'true and fair, view whlch is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Prartice for ac¢ounting and reporting by charitie5 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 connertion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
ached.
Page 6

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Use of our report
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the
company's Trustees those matters l am required tts state to them in an independent examiner's report and
for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsiblllty to
anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed..
Rlchard Gllbert
lor and on behalf of
SRLV Audit Limited
Chartered Accountants
Elsley Court
20-22 Great Tltchfleld Street
London
WIW 8BE
Page 7

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestrlcted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donatlons
93.629
522
93.629
522
100,258
86
Other trading attivities
Total Incomè
94,151
94,151
100,344
ExpendSturn on:
Charitable activitles
166,095
166,095
163,366
Total expendltur•
166,095
166,095
163,366
Net movement lfft funds before other re¢ognlsed
galnsl(losses)
(71,944)
(71,944)
163,0221
Net movement In ffunds
(71,944)
(71,944)
163,0221
Re¢on¢lllatlon of fund$:
Total funds brought forward
Net movement In funds
(37,017)
(71,944)
(37,017)
(71,944)
26,005
163,0221
Total funds carrl•d forward
{108.961) (108.961)
137,0171
The statement of financial attivities indudes all gains and losses ￿tOgniSed in the year.
The notes on pages 10 to 19 fomi part of these financial statements.
Page 8

AEfa8lÈRED XUI*ER: •746317¥
2022
Inv•stmfAts
io
12
12
C05h at bjnk In h
137.256
137,256
Cr¢dltty¥' amoynis lalmng thje wlthkn (y
li
(174.2
(Iw•n)
{37.0291
(104961)
{37.017)
{37,017}
Ch•T*y fvnd•
12
(XOfy901)
{37,017)
(104MI)
(37,0171
The com¥any enthd to eThnptkn fr(*n urth sth 477 1*thE Comp*th Att 20C¢.
to the sm•M conwles regln
Trust••

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Intormatlon
The company is a private company limited by guarantee. The members of the company are the
Trustees named on page one. In the event of the company being wound up, the liability in respect of
the guarantee is limited to £1 per member of the company.
The address of Its reglstered office Is Elsey Court, 20-22 Great Tltchfield Street, London, WIW 8BE.
Accountlng pollcles
2.1 Ba$ls of preparatlon ol flnanclal statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable
In the UK and Republic of Ireland (FRS 1021 {ertertive l January 20191, the Financial Reporting
standard appllcable in the UK ènd Republic of Ireland IFRS 1021 and the Companles Act 2006,
Grubb Fotiyard Ltd meets the definltlon of a publlc benefit entSty under FRS 102. Assets and
Iiabililies are initially recognised at historical cost or transaction value unless otherwise stated in
the relevant accounting policy.
The charity's lunctional and presentational currency is pound sterllno.
2.2 Golng conc•rn
As at the year end, the balance sheet shows that the company has liabilities In excess of assets
as a result of a Trustee loan to the company. The Trustees are of the oplnion that thls Is
temporary and therefore the accounts have been prepared on a goin9 concern ba515. A Trustee
has confirme(I that she will provide support to the charity by not recalling the loan in the
foreseeable future and therefore there are no material uncertainties about the charity's ability to
contlnue as a golng concern.
2.3 Incorne
All income is recognised once the company has entitlement to the income, it 15 probable that the
income will be received and the amount of income receivable can be measured reliably.
Donated servSces or facilities are recognised when the company has control over the Item, any
conditions associated with the donated item have been met, the receipt of economic benefit from
the use of the company of the item is probable and that economic benefit can be measured
reliably.
On receipt. donated professional services and donated facilities are ￿Co￿nISed on the basis of the
value of the gift to the company which is the amount the company would have been willing to pay
to obtain services or facilities of equivalent economic benefit on the open market,.
corresponding amount is then recognised in expenditu￿ In the period of receipt.
Page 10

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles (contlnued)
2.4 Expendlture
Expenditure is recognised once there is a legal or construttive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benef1ts will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is dassified
by artivity. The costs of each artivity are made up of the total of direct Costs and shared costs,
including support cost5 involved in undertaking each artivity. Dirett cost5 attributable to a single
artlvlty are allocated dlrectly to that activity. Shared costs which contrlbute to more thèn one
artlvlty and support costs whSch are not attrlbutable to a sSngle actlvity are apportloned between
those activities on a basis consistent with the use of resources. Central staff costs are allocated
on the basis of time spent. and depreoation charges allocated on the portion of the asset's use.
Expenditure on charitable artivities 15 incurred on directly undertaking the attivltles which further
the company's oblectlves, as well as any assoclated stlpport costs.
Grants payable are charged In the year when the offer Is made except In those cases where the
offer Is conditional, such grants being recognised as expenditure when the conditions attaching
are fulfilled. Grants offered subjert to conditions which have not been met at the year end are
noted as a commltment, but not accrued as expendlture.
Support costs are those incurred directly In support of expendlture on the oblerts of the
company. Govemance costs are those incurred in connettion with admSnistratlon of the company
and compliance with constitutional and statutory requirements.
Charltable actlvltles and governance costs are costs Incurred on the company'5 educational
operations, including support costs and costs relating to the gtsvernance or the company
apportioned to choritable a¢bvits'es.
2.5 Investments
Investments In subsidlades are shown at cost less Impalrment.
2.6 Cash at bank and in hand
Cash at bank and In hand Includes cash and short-term highly Ilquld Snvestments wlth a short
maturlty of three months or less from the date of acqulsltlon or openlng of the deposlt or slmllar
account.
2.7 Liabilities and provision5
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a
past event, st is probable that a transfer of economic benefit wlll be requlred In settlement, and
the amount of the settlement can be estimated reliably.
abilities are recognised at the amount that the company anticipates it will pay to settle the debt
or the amount it ha5 received as advanced payments ft>r the goods or services it rnust provide.
Provlsions are measured at the best estlmate of the amounts required to settle the obligation.
Page11

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng pollcles (contlnued)
2.8 Flnanclal Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their setuement value.
2.9 Fufftd •¢¢ountlng
General funds are unrestrScted funds which are available for use at the dlscretlon of the Trustees
In furtherance of the general objectives of the company and which have not been deslgnated for
other purposes.
2.10 Group a¢¢ounts
The linanclal statements present Snfom)atlon about the company as an indlvldual undertaklng and
not about its group. The company and Sts subsidiary undertaklng comprlse of a small-sized group.
The company has therefore taken advantage of the exemptions provided by section 399 of the
Companies Act 2006 not to prepare group accounts.
2.11 Cash Ilow
Slnce the company qualifies as small under section 383 of the CompanSes Act 2006, It has taken
advantage of the exemptions permitted by the Charities SORP not to prepare a statement of cash
flows.
Income trom donatlon$
Unrestrlcted
funds
2023
Total
funds
2023
Donatlons
93,629
93.629
Unrestritted
fund5
2022
Total
funds
2022
Donations
100,258
100,258
Page 12

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Incomé frorn othtr adivities
Unrestricted
furbd5
2023
Total
funds
2023
Interest receivable
522
522
Unrestrlcted
funds
2022
Total
funds
2022
Interest recelvable
86
86
Analyglg of grants
Grants to
Instltutlons
2023
Total
funds
2023
Grants to Grubb Fondaclja, a Serblan Foundatlon
153,207
153,207
Grants to
institutions
2022
Total
funds
2022
Grants to Grubb Fondacija. a Serbian Foundation
155,218
155,218
Page 13

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of ￿x￿ndIt￿rÉ on charitable activities
Summary by fund type
Vnrestrirted
funds
2023
Total
2023
Charitable costs
166,095
166,095
Unrestrlrted
funds
2022
Total
2022
Charltable costs
163,366
163,366
An•lysl$ of expendlture by a¢tlvltles
Grant
lundlng of
actlvltles
2023
Governance
costs
2023
Support
costs
2023
Total
funds
2023
Charltable costs
7,090
153,207
5,798
166,095
Grant
fundlng of
artivities
2022
Govemance
costs
2022
Support
Costs
2022
Total
funds
2022
Charitable costs
4,950
155,218
3,198
163,366
Page 14

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysls of expendlture by actlvltles (continued)
Analysis of support costs
Support
tosts
2023
TotJl
tunds
2023
Bank charge5
Event plannlng
Movement on foreign exchange
Printing, postage and stationary
Legal and profes51onal
140
2,636
2,265
204
553
140
2,636
2,265
204
553
5,798
5,798
Support
costs
2022
Total
funds
2022
Webslte design
Bank charges
Event plannSng
Interest charged
Movement on foreign exchan9e
Prlntlng, postage and statlonary
Legal and professional
3,353
188
8,422
668
3,353
188
8,422
668
110,058}
132
110,0581
132
493
493
3,198
3,198
Page 15

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of govtrnante costs
Govemance
costs
2023
Total
funds
2023
Independent examlnatlon fee
7,090
7.090
Governance
costs
2022
Total
funds
2022
Independent examination fee
4,950
4,950
T￿$t￿$, r•muneratlon and •xpenses
Durlng the year, no Trustee recelved any remuneratlon or other benefits12022 - £NIL).
Durlng the year, no Trustee expenses have been Incurred {2022 - £NILI.
Page 16

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
10. Flxed asset Investments
Shares in
group
undertakings
Cost
At l Jarbuary 2023
12
At 31 Oecember 2023
12
Net book value
At 31 December 2023
12
At 31 December 2022
12
Subsldlary undertakln9
The followlng was a subsldiary undertaking of the company:
Name
Holding
Grubb Produrtlons CIC
IOOWO
The charity holds 12 ordinary shares of £1 each in its wholly owned subsidiary company, Grubb
Productions CIC, which is registered in England and Wales and whose registered office is Elsey Court,
20-22 Great Tltchfield Street. London, WIW 8BE.
11. Crtditors: Amounts falling due within one year
2023
2022
other creditors
Accruals
171,910
5.500
164,703
9,582
177,410
174,285
Page 17

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Statemènt of funds
Statement of funds - current year
Balance at
31
D*cèm￿r
2023
l January
2023
Income Expendlture
Unrestrlcted funds
General Funds - all lunds
{37.017)
94.151
(166.095) (108.961)
statement of funds - prlor ye•r
Balance at
31
December
2022
Balance at
l January
2022
Income Expendlture
Unmstrlcted funds
General Funds - all funds
26,005
100,344
{163,3661
137,0171
13. Analysi$ of net agsets between fund$
Analysls of nat assets between funds- current yèar
Unrestrlcted
lunds
2023
Total
funds
2023
Flxed asset Investments
Current assets
Creditors due within one year
12
12
68,437
68,437
1177,4101 (177,410)
Total
1108,9611 {108.961)
Page 18

GRUBB FORWARD LTD
IA ¢¢)mpany limited by guarants•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Analysls of nèt assets betweèn lunds (contlnued)
Analysis of net assets between fvnds- prior year
Unrestricted
funds
2022
Total
funds
2022
Flxed asset Investments
12
12
Current assets
Credltors due wlthln one year
137,256
137,256
{174,285} {174,2851
Total
137,0171
137,0171
R•lat•d party transactlons
During the year, the company received a loan of £87,206 {2022 - £244,691) from Caroline Roboh, a
Trustee of the company, of which £80,000 12022 - E80,0001 was released and recorded as a donatlon
within the statement of financial activities, leaving a balance of £171,897 12022
£164,691)
outstanding at the balance sheet date. The loan is interest-free and repayable on demand with no
repayment terms, although the Trustee has provlded conflmatlon that these amounts wlll not be
called until such tlme as the entity has sufficient funds to do so.
During the year a Trustee also made payments on behalf of the company arnountlng to £11,929
12022 - £NILI, and these were recorded as donatlons within the statement of flnanclal attlvltles.
During the year, the company made orants of £153,207 12022 - £155,218) to Grubb Fondacija, a
Serblan FoundatSon, an organSsatlon under the control of Trustees In common. There was no balance
outstanding at the balance sheet date.
During the year, Grubb Forward received donations totalling £NIL (2022 - £20,258) from Grubb
Produrtions CIC (IOOQ/o svbsidiary).
15. Controlllng party
In the opinion of the Trustees. there is no single controlling party.
Page 19