Registered number.. 08765731 Chartty number.. 1154990 GRIMM AND CO. UMITED (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ABUOSY09* 0710112023 COKIPANIES HOUSE A12
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GRIMM AND CO. UMITEO IA company Imited byguaranieel CONTENTS Page Reference and admini51rati¥e detsiis of the (harbtable cornpanyj ItsTnteeS and advisers Trustee5' report 2-11 Independent audittys. rewt the han<ial statements 12-15 Statemeni of financlal artivitses 16 8alan¢e Sheet 17-18 Stateme1 of ush Ilows 19 Notesto thefinandal statements 20-36
GRIMM ANO CO. LIMITED IA tompany limited by ¢uaranteel REFERENCE AND ADMINISTRATIVE OETAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Mr S Dearden M5 LA Po8son Prof J L Hodson Mr J R Dyson Mr J Saw¥er Mr O Mantell Ms C Dimond Ms P Sanderson Iresi8ned 5 May 20211 Ms S Dunwell Ms E Evan5 Iresi8ned 8 March 20221 DrLRea Company reilstered umber 08765731 Charity registered number 115499) Re8istered offi¢e Shjp Hill Rotherham S60 2HG Cvrnpany secretary Deborah Bullivant thielexecutivt offlcer Oeborah Bullivant Independeni audltors BHP LLP 2 Rutland Park Sheffield S102PD Bankers Unity Trv5t 8ank plc 9 Brindley Place Birmirbgham S60 2HX Page I
GRIMM AND CO. UMrrED 1Acomp3ny1Thsd by8uardnteel TRUSTEES. REPORT FOR THE YEAR ENDE031 MARCH 2022 TheTrustees present their annual report togetherwith the audited financial statements of the charitable company for the l April 2021 to 31 March 2022. The annual report serves the purposes of trKJth a Trustee5' report and a difector5' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company tornply with the current siatutory reouiremenis. the fequiremellts of thethariiable company's governing document and the provisions of the Statement of Recommended Praaice ISORPI applicable to charities preparin6 their accounts in accordance with the FiThènrial Reporting Standard applKable in the UK and Republic of Ireland IFRS1021 published in Ottober 2019. Since the charitable companyqualifie5 assmall under section 382 olthe CompaniesAtt 2LNJ6. the strategic report required ol medium and large companies untler the Componies 2LK6 Istrategic Report and Direttors. Report) Re8ulation$ 2013 h35 been omitted. Governingdocurnent The charity is operated under the rules of its memorandum and article5 of ass¢xiation whh was incorwrated on 7 November 2013 and re8i5tered with the Charity Commi$5ion on 12 Detember 2013. Obiettivesoftdortiw a. Polkles and ob*rtr4es The irustees consider that they have cornplied with Settion 4 of the Charr(ies Art 21KJ6 with regard to the guidance on rmjblic benefit published by the Charity Ccrfnrnis5ion as indicated in the summarie5 of activities, achievefflent5 and performance below. The object for which the tharily was established. as stated in Ihe MelandUm and Articles of Association is.. to advance learning fof the public benefii of literacy. to act as a resource for young people up to the aEe of 18. by providin¥ a¢h"ce and assistance. or8anising pro8ramrnes ol learninyjeduiation and other activitie5 a5 a means ol.. advancing in life and helpingyoun8 people bydevelopingtheirski11s. capacities and capabilitiesto enable them to participate in society as independent. mature and responsible individuals. advancing education. relievinE their unemployrnent. to prote social tntlusion forthe public benefit by preventing peoplefrom becomin8 Social excluded. relievin8 the need5 of those people who are vulnerable orland 50cialty exclutled and aSSiSiing them to integrate into society. For the purpose of this article'socialfy excluded, Means beinR excluded from society. or parts of society. a5 a result of one or more of the following factors= unemploymeni- financial hardship.. youth or old age.. ill health (physical or rnentall- substance abuse or dependenry sncluding alcohol and drugs- discrimination on the grounds of sex. race. disability, erhnic ori8in. religion. belief. Creed. Sexual orientation or gender rtrassignment." poor educaiional or skills attainment.. relationship and family breakdown." poor housing. In setting gbjectNe5 and plannin8 for actitIes. theTrustee5 have 8Nen due Consideration to 8eneral 8uidance published by the Charity Cornmission lating io public benefrt. includin8 the 8usdance'Public benefit.. runnin8 a charity IPB21'. b. str¥te8iesfora¢hle¥latsFCtes Grimm & Co is a charity ihat use5 Stories and writing as a vehicle to devebp the socio<ultyfal literacies of chilflren and voung people ihat SUPPDrt them lo make meaning of the world around rhem and build iheir own positive narrative within that world. Pa8e 2
GRIMM AND CO. UMITED (Acornpany lirnited byguaraAteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENOE031 MARCH 2022 Grimm & Co's Signature pedagogy is built on a bedrock of research. initially formed as a result of a regional development funded proiett. Inspire Rotherham. that ended in 2011. Its purpose is to change Ir¥es one story at a time and we use the joyful discovery of stories to do this. The charity is concerned with the socio<ultural literacies that influence the narratives of children and young people and more recenily. we have developed excifing new programmes and attivities to also bulld rhe creative confidence of those who innuencethe lives and learningof children and young people-teacher5. parents. carers. those working with Childn and young people. Visiors". Every child a writer Mission.. Change lives e story at a time Objectives.. Champion the wriier in every child Use storytelling to give every child from every background a ¥oice Challenge expectatiorns and aspiratK)ns Start from the childs own imagination-thÈir ideas njle Provide an audience for children's writlTh8 and deliver quality Outptsts Make it free and accessible for children to attenij out-of-schLK)l acti¥ities Make sure no child is left behind Build rnotivation. self-esteem. resilience and skills in both workshops for schools and in our Outf-s¢hool holiday club prograrnmes Develop the creative capacity of thost with influente on thildrtnlyoun8 people to support children's developmenr through the joyful discovery of stoties Take fun VERY serious Grimm & Co's $TrUre pedagogy is built on foundation5 01 ddivery that draw on habit5 of the heart. the mind and the hand (Shulman. 20051 of a creative practitioner- supporting children and young people to make meanirsg of the world around theffl to build their OWD POSlti¥e narrative within thi5 world_ We bdieve in". Using stories to give every child. from every backyound. a voKe Startln8 frorn the chil(f5 own cultural toolkit (their experience5 and their own irna8inationl Enablin8 a creative environment- an ecolt¥y of rich literacies surnoundine the child- authentic but playFul Supporting and enablin8 the influencers on the child inspirin8 whole communities to Bet involved in Children's development The power of the imagination to igniie new possibiliiies and imagine porential narratives Providin8 purpose- a rea50n to write Challenging expertations and aspirations Takin8 fun seriously Next steps.. Over this financial year Grimm & Co has responded swiftly to continue to work children. youn8 people, teachers and families/carers. creotin8 greater versatility in ouroffer to enable us to reach into communities and to deliver our olfer online in periods of lockdown and limit3tions as a result of the Covid-19 pandemic. We will coniinue to utiliie these new develokvnents appropriately and to further advance rnethodd08. Physically. we moved out of our original leased centre and initially worked on site within the nY purchased building that Wa5 previously Talbot lane Methodist church on Ship Hill. Rotherham town centre. Gulliverfs kind5y wovided a space which we magically dressed for 10 school workshops and 2 teacher developmeTrt èttivitie5. Prior to construction works begtnning the tearn moved into Rotherharn's Old Town Hall in the centre of the town following negotiations with landlord5 to sign an affordable le35e. Here we ha¥e created office space. pop up apothecary shop and writer5. pad Iwith secret doorl to enable Page 3
GRIMM A140CO. UMrrED IA Company limited byguarantee) TRUSTEES, REPORTICONnNUEDI FOR THE YEAR ENDED 31 MARCH2022 basic functionality. We have dressed other unit5 acros5 the space and h05ted and <Jelivered a host of story lestivals throughout the arcade. This will continue through to the return to our site on Ship Hill once the construction works are complete antl ihe frt-oui works have begun. Grimm & Co wll open our new Emporiym of Stories in 2023 as a hub for celebrating the Stories we carry with us and those yet io be discovered. This hub wll be a destination where school visits and of schcdlholidayclub5 engage in invigorating writing experiences. Famify learnin8 and teacher development programmes. attivities. conferences an workshops will tnspire creatNe confidence io nurture and advance the Soc<u11ural literacies of childrw and young people ILIPI in their cafe. The Emporium will also be open directly to the public. embracin8 opportunities to use siories in our Feastery Isiory themed café/restaurantl, the Book Nook. a Magical Market Place and aiffhanger Castle where creative e(Jucational activitieslpartieslevents take place. Thi5 place will be versatile. flip- Ilopping to a theatrelcinema to enable conferencin8 and w&der Lt5es. This space will be rr)re accessible with 4ift5 and ramp5 across the bvilding meanin8 all areas can be accessed and 'everyone welcorne, toilets. Qurill8 this financial year Grimm & Co have appointed the constiuction conirauors through open and competilive tendering and have further appointed designers. Lumsden Design Ltd. to oversee ihe design and fit of the new building. The travelling emporium will continue to undertake outreach and en8a8ement attivities in the communilies and schoo15 which experience mar8ino1isation and disadvanta8e enablin8 Grimm & Co's OPPtunitieS io build trust and relation5hip5 and to deliver activities wthin the communities and in schools. Activitiesundertaken io a¢hieve obkrthes Grimm & Co's pedagogy is embedded across all activitie5 and programmes that we delNer. Contributory corefunding frorn Arts Council En8larnd as a National Portfolio enables us to plan. deliver and evaluate our team. volunteers and freelance artists. We delivei of school holiday clubs. Saturday clubs. taster programmes and festival activitie5 dirertty to children and youn8 peoplethat result in an artistic outcometo be shared with an audience. From soap operas tocard games, books aThd son8S, the children and young people we work with develop and create outcomes that can be appreciated by others giving a purpose to create and to write. Page 4
GRIMM AND CO. UMrrED IA¢ompanylimited byguarantl TRUSTEES, REPORT ICONTINUEDI FOR TrIE YEAR ENDED31 MARCH2022 School class groups visit Grimm & Co to artend story making workshops where the children arrive with ih•r imaginations and leave as puwished auihors ol their own illustrated book. We delNer learning programmes to school groups in tomedy wrifin poetry workshops. preser¢tation. storytellin8 and more. The teaCherde10Prnent pro8ramme, Chapter andverse. has raken a positive curveover this lasi year as a result of support from the Paul Harnlyn Trust who funded a twoear iesidential pro8r3mme acros5 Astrea Academy Trusi. This opportvnity has enabled F/. significant activities of peer mentoring between artist and teacher. developing creative confidence to attempt new methodologies. reaping impr¢)ved outcomes for the pupils. Famity learnsng 15 a recently introduced sirand of activiiy. funded by the Lottery Community Fund. that we now offer. usin8 Stories to build the confidence ol carers aThd parents to support their children'5 SOCLrxulturèl liteiacies and readiness to learn. Volunteers are SUPkX)rted th a suite of training activities and a range of role opwrtunilies to develop skills and undertake meaningful engagement where they can see a real difference and irnpart a5 a result of their interventions. Many volunteers choose to be story rnentors. 5UPPOrting children on a ontrto-one basi5. Further roles include illustrator. retail asslstant. product development. adrnin. data. media, research. h05Pltality and much. much more as we explore the talents and possibilitie5 our volunteers bring whilst furthering thetr skills. Artist de¥eloprnent pro8ramme ensvres we recruit and eff 8a8e artists wth fatiliration ski115 and an approach that matches our signaturepeda808y whilst also developingtheir further understanding of the communit¢es we work with. their needs, their challenges nd cultural diversities to prde ielevant and inclusive provision that is also exciting engagin8. Main activitie5 undortaen tofvrtherthe charitable wmpany's purposeslorthe public benefft Our ability to undertake attNlties durinE this period has. to some degree. been affected by ihe effetts of ihe pandemic and fesultin8 chan8es that took place durin8 this period. However. Ihe level of activity ha5 Illtreased dramatically from the previous year. Young Leaders.. A 8roup of 7 young people have undertaken 16 consultation workshop5 which provide focused consultation where they influen£e ihe design, ddwery. evaluation. methodologies of Grimm & Co. This group also held a social media take-over this year. Volunteeis.. At this point in time Grimm & Co engaRe 120 curfftt volunteers and of these 76 were new volunteer applKatlon5 who undertty)k a full induuion. 08S. shadowin& obseNation and further training. 38 freelance artists were contracted. Page S
GAIMM ANO CO. UMITED IAcompan¥limlted by8uaraffleel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED31 MARCH 2022 Oblectivtsand arti¥llies IMNnutdI Out of 5chwl pro8ramffle'. 19 workshop pro8rammes. slyne of which took pl&e over the ¥vhole year whibt others were 6 to 10 week blocks. includin8 Saturday club. the Soap Opera. Recruitment A8ency for Unusual artefact5. Grimm Games and PenPal Power. 132 CYP attende(I these sesSis. 3PA of these INed in areas (laed as Trrnpoverished communities a5 band 1-3 on the Index of Multiple Oeprivatifm. We have also held two author events. wth Soph¢e Anderson and Shafna Ja(kson. lThis is in addition to the festival events in FebrL4ary and May/Junel- 35 familie5 attended ihese Éwenis in total. There have been 4 Farni Learning projects Islirnefime. Rhyrner MeThis. Story Sack5. and Curiouserand Curiouser). 35 families attended these Sessions. A further range of famtly leafflin8 tasters have taken ace in tommunities and in Rotherham centre. irtcludin8 storytelling, music making and craft sessions. enga8inÉ We hosted two festivals Iplus a Eufos dayl with a ran8e of entS forall ages.. February festival- 307 atiendees Grimm's Gathering- 412 attendee5 partKipated Euros Day in July We have worke(I with partners that included ihe Childrefi'5 Capital of Cultu, RMBC, Weniworth Woodknuse. Magna. Gulliverfs. Counterpoini. Bishop's House and Bluebird. In addition to these Grimm sessions. we have also attended the fdlowing festivals and e¥ents'. Rotherham Show Isept 211- 3pprox. 1616 attendee5 FeTham Festival (Au8 221 Get Up To Steam with Culture and Leisure event ai Magna-approx. 180 children and VOLMÉ people engaged. wow festival (July 221 o Off The shelf ott 21 iknttleAmall. engaged IZO families Schools Programme.. The schools pro8ramme has included Who'5 Ytyjr Na8ht*Jur, Chapter and Verse. Spjken Word Power and Storymakin8 in-house. 76 in-house 5toryrnakin£ workshops. workin8 Wlth 1992 CYP. 269 of these CYP visited us at the Gulliver's pop-up space. This number also included 829 CYP who visited as part of the Who's Your Nei8hlJ)ur project rtists undertook sessions in those IS schools. and the CYP thÈn visited Grimm for a siorymaking session based on the characters and settings that they had created in their schools. Chapter & Verse continued with resideThcie5 in 6 schools. reaching 279 CYP and workinB closdy over half term residencies with 7 teachers. 2 Senior leadEY5 and the cascade of this work is continuing acr05S the academy trust. The Spoken Word projert worked wfthin 6 schrM)Is with artists aThd wetry residencie5. 257 CYP took part. Celebration event took place at Rotherham Civit. 2 poems featured on the BBC Upload wogramme on BBC Radio Sheffield. Publications.. SWP anthology from Eastside Brilliant Bookshelf of Grimm Tales Grimm Artefacts- Bishop's House Ma£Kal Travel Guides o Grimm Guide to the Magical year Tie Dye Ball Page 6
GRIMM ANO CO. UMfrED IAc¢Jmpany limited bygvarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDEO 31 MARCH 2022 Additional.. Recruited. supported and enabled w>sitive progression for 6 Young Producers o Creative Menioring ongoing with 21 CYP throueh our freelance art15ts Shop activitie5 56 took part in Spring Rabbit hunt. 80 pixie book5 created in summer holidays. tight touch engagement that leads to further atiendance in workshop prLEramrnes. Day to CreateArt5rnark pack5 created xr055 phase. distributed to all Artsrnark schoo15 and further schools through web51te Initiated Creative Youth Neiwork as part of the childr.5 Capital of Cutture with 6 films of art15t experiences and additional workplace tasters Oi81tal reach-. Youiube- 2.928 views. 87.3 hourswatch time. Topvideo- bnger Ltsnger Lane (Soap Opera). episode 11274 viewsl. 882 subscribers. 24 films w)sted duringthat time. Website- 40.544 users on S2.488 sessions. 147.613 page views. 305 purchases. 1474 downloads. 140 sign ups to newsletter Iffom website) m3ilchirnp-62% of 5ubscriber5 3re highly en8a8ed on Vol Newslellers llst. On 8eneral list. 38% are h hlY enga8ed. 442 new subscribers to general list. Feedback re impact fiom Saturday clubs la snippet from impatt evaluaiionsl= Parent.. B bves Saturday club. It benefits his school work and he rdishes skniinÉ his abilities when he has English at School and he has a creative writing taskio do. His interest in creativewriting a150 help5 Wth otherareasof his school work. Parent.. Grimm 8ives young people a ¢aINe Out and a real sense of bdon8ing. My son looks forward to every session. Parent.. G has only been attendtnt Grimrn & Co Saturday workshop5 for a couple of months but I can already see diffefence. Unlike school. she come5 Out buzi¢n8 and enjoys telling u5 all that she ha5 done during the session. o Volunteer.. It rnakes me feel happyand l enioyworkiD8 Wlth children. It 8ets me out of the house and doin8 50methinB rather than stayirTg inside all day. Volunteer.. It makes me fed amazing and I volunieer there because seeing the children have fun and improve is amazing. These sessions helped improve my ability to mentor the children. My mentorin8 in Saturday club has definitely made me more confident in helping the children and interatting with thern. Child.. I fed like it's grown lrny confidencel like sharing what fve written. I feel like I've gotten creative coming to Saturday Club. Child.. Saturday club has helped meto be rnore confident to be friends with people. Child.. I feel like I can share rny ideas. I dofeel moreconfident at Saturday club than school for exarnple. Because it's in like. a place where thwe's more people like who also have creative ideas and it helps me rnake creative i¢Jeas as a. Fundrai51ngacti¥itiesand Incon*g¢neMwft This year has seen the physical Shop return lo a new site which has helped realisethi5 elemenr of the income portfolio. The extensiorn to the National Portfolio fund through ACE plus ¢xher pandemic related fynds have supported us through a challenging time ol moving premises twice. workingthrough the pandemic, reductiDnsto some servicesand the uncertainties that ar05e from working within the period of the pandemic. We have Secur all funds related to the capiral construction projett (excepting fit outl within this period to enable this part of the capiral projeci to take ace whilst dealing wth signifKant changes, delays. limiiations on resources, increased costs. etc. This year saw the end of the previous Lottery Community Fund projett and the beginning of the new Spoilighis and Stepping siones Kwojecf which introduces ways of en8agine the communtlies through volunteering and family learnin8. Page 7
GRIMP41 ANO CO. UMITED (Acofflpany limited by 8uawanteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDE031 MARCH 2022 Inwestment polkyand perfvrnan Grimm & Co have undertaken an overhaul of policie5 and are introducin8 new kN)licies that brin8 about greater efficsencies and improved communication. The introduction of board sub committees enae5 greater eovernance and detailed scnrtiny of HR, finance, fundraisin& stratY and communications. Finandal review a. Golng wn(ern After making appropriate enouiries. the Tnjstees have a $Lable exptrtation thatthe tharitable company has adequate resources to continue in operational existence foi the foreseeable futvre. For this reason. they continue to adopt the goin8 concern basis in preparing the finantièl statemenis. Further details re8ardin8 the ath)ptiort of the 80in8 concern basis can be found in the accounting pdicies. Financial position Income from donations received was £23.55812021.. £14.5011. This increase was partly due to the increased visibilily and return of ihe physical shop during this period. prowding a place for donations to take place. Income from charitable auivities was £l.150,92912021.. E731.0671 and thi5 w35 significantty affected by the grants receiveé for the capital project which took a huBe step during this year in contracting the constrbxtion company and the des18ner for the works, proeress be8an swrftly to renovate our new home. Again. this rdurn to a more visible space led to the kx)5sibility of some small acii¥ities which led io a slight increase in income forthi5 year. Orher income, including incoming resources from generated funds was £47,83412021.. £46.97SI a steady level of income, retained ihrough a challenging period bui maintained rather than seeing this level decrease. giving total incorniD8 resource5 for the year of £1.222.32112021.. £792,543). Re50urees expende(I for the year were £544.(K)212021-. £426.9631 The net incorning reSoue5 before other recognised 8ains and losses was £678.31912021-. £355.5801. Total funds a5 at 31 March 2022 were £1,554,948 12021.. £876,629). This is comprised of resirKted funds to carry forward for projects that will continue of £959,488 12021.. £417,3791. designated funds io carry forward for alkxation against specrfic capital c05t5 of £261.13912021.. £261.1391 and unre5trirted funds of £334.32112021.. £198.1111. Si8nif+cant events that have affected financial performance and financial p05ilion during the period-. Covid-19 and restriction5 applied éurÈn8 the pandemic has had a significant effect on a51 aspects of Grirnrn & Co's work, including the ability to false funds through donoc campaigns. events and a reduction in Services offered due to limitations on buildings. space. etc. Donor Iorne has significantly re(luced overlhe last 2 years dve to the irnpart of the pandemic- redirectitsg donations to health-relatedacEiVities and such reduced visibility acr055 Grimm& Co's activitie5 over the rnaiority of this last financial year. This year has seen addifional impact on our budget due to a siRnificant capital projett taking place with due diligence, professional and legal service5. design consultarion and a full capital build projett. This attivity is unusual and inflates the incomelexpenditure ¢)verthi5 per¢od. Page 8
GRIMM AND CO. LIMrrEO IA companylwnited by arantee) TRUSTEES. REPORT ICONMNUEDI FOR THE YEAR ENDED31 MARCH2022 Financlal reviv (contineI Through a cballen8in8 time limpau of Covid-191 for fundraisin8 and whilst overseein8 the capital project, Grimm & Co has been able to retain a rninimum of 3 mnth5 re5erye5 throughout rhis year and built this up towards the enij of this financial vear 10 5 months, operating re5erve5. Grimm & Co's tyjlicy is to strive io achieve 6 rnoTrths' operatin8 free cash reserves but through this difficult time we reviewed thi5 pdicy and reduced our expectarions accordin8ly. However. this is now heading in the ri8ht direction. meaning an improved reserve5 Ptssition. Free reserves as at March 2022 were £324.36512021: £178.3851. These are the net lund5 available for the charity after dedutting unrestricted tangible red assets of É9.95612021. £19.7261. restTlCted funds of E959,488 12021.. £417.3791 and designated funds of £261,13912021.. £261.1391. This equates to 5 month's operating costs $0 is closing the gap to achieve the desired position of Grimm & Co's reserves policy. However. it should be noied that ihis doesn't include additional contingencies that might be called up(Mi in rdation to the capital projett to ensure the charity is able to open its doors in the earty sta8e5 of 2023-24. The Trustees regularty anaty5e and review the Itvel of reserves and consider that the free re5erve5 of the Trust are sufficient to cover all known risk, liabilities and contin8encies, io absorb setbacks and albwthe Trustto take advantage of change and opportunity. The Trustees review how the assets of the Trust can be best utiliLed to ensure that the obje(tive5 of ihe or8anitation are fulfilled, and the best possible return ispro¥idedtoen5ure rhe lon8-term 5U5tainabilityol theTru5t. The Trustees have agreed that subject to the financial position Cf the charrty, funds can be designated t)v the Trustees towards capital projects to develop new services ol to a$$t wih the implementaiion and delivery of strategically relevant development projetts and ¢ivities. The Trustees regular feview ihe level of reserves being held. Reser¥es are held to manage short-term volaiilitv and to support opportunities that rnay arise during the year Isubjett to appropriate bu51Tres5 planningl. L Finan¢i•l risk management obierti¥*sand poli¢ies The charity has been greatly supported by bein8 a National Portfolio Or8aniiation INPOI of the Arts Council, providing some core fundin8 that has enabled operational expenditure. This current contract ceases to exisi in March 2023, therefore, the CEO worked wilh the bgard ol trusree5 to al exarnine 8overnance.. bl prepare the ground for an application to the next funding round and due to the significant growth of the charity. the success of our work. sorne additional elements ¢0 our reach. engagemenr and offer we submiited an application io conrinue to operate as a NPO and for an additional uplift in fund5. The decisn5 will be announced bythe 26 October 2022. at whKh Frfxnt Grimm & Co can plan ahead forthe following 3 years. a. Constitution Grimm and Co. Limited is re8lStered as a charTiable company limtted byguarnntee and was set up by a Trust deed. Page 9
GRIMM ANDCO. UMrtED (Acornpany limited by yaranteel TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED31 MARCH 2032 5trudure. io¥ernan¢e and mana¢ement Imntlnuedl b. Methods tsf appointrnentor election of Trwtee5 The management of the chaTltable tompany is the responsibility of the Trustees who are elected and co-opted under the terrns of the Trust deed. Trustee5 are appointed followin8 an open recruitrnent process. On appotntment Trustees are provided with a pack of key documents, digital access to policie5 and board rnine51pèpers from the previous 3 meetings. A full induttitsn 15 completed by each t#)ard member antl includes safe8uèrdinL introduction io Grimrn & Co's work and peda8ogy. health and safety. Grirnm & Co undertake a DBS for all TTUStee5 and no attivity can take place until thi5 proces5 is complete with a clear enhanted OBS. Arrangement5 lor settin8 pay and remuneration of key manaeement personnel and any benchmarks. parameters or criteria used a undertaken at a detailed level by ihe HR SU0MMitteeW1lh delegated auihorityfrom the ard. Any key decisions made are then brought to the main t4)ard rneeting for raiificaln. c. Delèiated responsibility The trusiees (Jelegate day-t{aY mèna8ement to the Foundin8 Chief Executive Officer. Dr Deborah Bullivant MBE and take adviceon the runnin8 of theryganitation from ihe CEO th regular updates and dialogue from all mana8ers across the team through presentalions and discussion. The Mead ol Operations attend5 all t*)ard meetings to enable wider dialogue around operation5 and especially around the detail of the capital developThtht5. Further strategic and scrutinizin8 dele8ated responsibility isgiven w thesub<ommittees of the boardwhich currendy include al finance. bl capiial. cl HR to provide greaier level of detail and scrutiny against key area5. d. Plan$forfvture peri¢¥d5 Grimm & Co has reviewed governance arrangernents and taken on board an externally produced equality. diversity, inclusivity and relevance5tudy on Grimm & Q),$ 8overnan£e, policies. and practices. As a result, the business plan and newly introduced policies will go live in the financial year 2022 to 2023 as the charity scales its services. The capital project has been a si8ntficant area of Glimm & Co's work since 2018, from recognizing the increasing demand and need for growth to identifyinE the rn1 appropriate IMJildin£ that would last a minimum of 10 years. Since applying for giant funding ifi 2019 and 5ecurin8 a si8nificant anonymous th)nation Grimm & Co's Trustees and Senior Management Tearn have undertaken this grand scheme to imkvove. de¥eJop. restore. renovate a beavliful Grade 11 listed buildin& previously a church. into an excifin& crearive Emporium of Storie5 in the centre of Rotherham. The charity hopes this will be ready to open by surnmer 2023 following an elabocare fit out ihat prowde5 ihe optimum space for us to achieve impactful ovtcomes for the children and young people we work wrth to learn whilst a150 enabling us to build in greater susiainability lor our charity through a mixed income rtfoliO of hospitality. fetail. contracted ser¥ice5. donations. and grants. For the most part 012022- 23 we expett to deliver our service5 from rhe pop-up space in the town centre to be able to continue to respond to the dernand and need from communities. However. we are very rnLKh Iking forward to rnoving across to our renovated site. settling in and creating exciting experience5 in our ¢)wn home. Page 10
GRIMM ANO CO. UMITEO IA companylimited byiuarant•l TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDE031 MARCH 2022 TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDEDSI MARCH2022 ststernent of Tru5tees' responSlileS The Trv5tees (who a also ihe dbrKtors of the charr(able cornp6ny foi Ihe purposes of company lawl are responsibfe lor preparin8 ihe Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom General PKcepted Accouniing Prarticel. Q)mpany law requires the Trustees to prepare finaThcial siatements for each financial. Vnder company law. the Trustees must not approve the financial statements unless thty are 5atisfie(I that they give a trLie and fair view of the state of affairs of thetharitable cornpany and of its intoming resources and application of resources. including its incorne and expenditure. for that period. In preparingthtse financial StateMts. the Trustees are required to- selett suitable accouniing policies and thai apply them consistently.. bserve the M0d5 and principles of the Charitie5 SORP 2019 IFRS 1021., make judgments and accountinÉ estimates that are reasonable and prudent.. state whether applicable A(COUTrlin8 Siandards have been followed. subject to any material departures disclosed an(J explained in the financial Statements: prepare the finarttial statements on the gOLne concern basis Un55 it 15 inappropriate to presume that the eharitable company will continue IA business. The Trustees are responsible for keepine proper accounting retords that disclose with reasonable atturaty at any time the financial position of the charitable company and enable them to ensure that the linancial statements cornply with the Cornpanie5 Act 2¢YJ6. They are a150 resFx)llsible for safeguardin8 the assets of the charitable £ompany ané hence lor takin8 reaSonae steps for the prevention and detecti of fraud and other Irular1ties. Disc105ure of inforniaiion to audito15 Each of the persons who are Trustees at the tirne when this Trustee5' report is approved has confirmed that.. so far as thai Twstee is aware. there is no relafftt audit informion of which the charity's auditors are aWare. and that Trustee has taken all the Steps that ought to have been taken as è T[Uee in order to be aware of any relevant udit information and to establish that ihecharity's auditors a aware of that information. Audltors The auditors. 8HP LLP. have indicated thrwi111nÉness to cmtinue in offKe. The designated Trustees will propose a motion reappointing the auditor5 at a meeting of the Tru5tee5. Approved by orderofthe members of the iKMrd of Trustees and signed on th*r behalf .. Mrj Sawyer Oate.. Nov 23. 2022 Page 11
GRIMM AND CO. LIMITED IA cofflpany limited by ¢uarantee) INDEPENDENT AUDITORS, REPORTTO THE MEMBERSOF GRIMM AND CO. LIMtTED Opinio We have audited ihe financial statements of Grimm and Co. tsmited (the Charitable company'l for the year ended 31 Mèrch 2022 which comprise the Statement of financial activities. the balance sheet. the statement of cash flow5 ènd the relèted noies, including a summary of significani accounting policies. The financial reporting Irarnework that ha5 been apled irn iheir preparation is applicable law and Unr(ed Kingdom Accounting Standards, inclvding Financial Reporting Stndard 102 'The Financtal Reportine siandar(l applicalJe in the UK and Republic of Ireland, (United Kingdom Generallv Accepted AccountinK Procticel. In our opinion the financial statements-. gwe a true and fair eW of the state of the charitable company's affair5 as at 31 March 2022 and of it5 incoming resources and application OF iesources. including if5 income ènd expenditure fof the year then ended., have been properly prepared in accordance with Unr(ed Kingdom Generalty A(cepted Accounring PrtiCe.. and have been prepared in accordance with the requirements ofthe Companies Act 2. Basis for opinion We conducted our audit in acrordance with Intemational StandaTd5 on Auditin8 IUKI IISAS IUKII and applirable law. Our responsibilities under those standards are lurther éescribell in the Auditors, PnSibIlitieS for the audit of the finan¢ial siaternents seciion of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of ihe financial siatements in ihe Uniied Kingdom. including rhe Financial Reporting Council's Ethical Standard. and we have fu111ed our other ethKal responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis lor our opinion. Conclusions rtlating to goin¢ tonter In auditing the financial statements. we have conclvded that the Trustees. use ol the 8OIA8 concern basis of ac¢ountin8 in the preparation ol the financial statements is appropriate. 8a5ed on the work we have performed. we have Not identified any material vncertaintie5 relating to events or conditions that. Individual or tolle(tiVe. may cast 5ignrficant doubt on the charitable coFnpany'5 ability to continue as a going concern lor a peri of at least twelve rnonth5 Irom when Ihe finarKial siaternents are auihorised lor is5LIe. Ouf responsibilities and the POnsI.1111es of the Trustees with respe to 80in8 concern are described in the relevant sections of this reporr. PaBe 12
GRIMM AND CO. LIMITED {A company lirnitsd by zuaranteel INDEPENDENT AUDITORS. REPORTTOTHE MEMBERSOF GRIMM AND CO. UMITED ICONTINUEDI Other information The other information cornprises the inforrnation Included in the annual report other than the financial staternent5 and our auditors, report thereon. The Trustees are responsible for the other inforrnation contained within the annual report. Our opinign on rhe financial statements doe5 not cover the other information ané. except to the extent otherwise explicitly stated in our repgrt. we do noi express any form of as5vrance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is materially inconsistent with the financial staiemenrs or Dur krrf)wledge obiained in the Course of the avdit. or otherwise appears io be materially misstated. If we identify such material inconsistencies or apparent fflaterial misstatements. we are required to determine whether this gives rise to a material misstatement in the financial sratemenis themsel¥es. If. based on the work we have performed, we conclude that there is a material misstatement of this other informaiion. we are required to report that fact. We have nothing to report in this reeard. Opinion on other matter5 presuibed by the Companies Art 2r In our opinion, based on the work undertaken in the course of ihe audit- the inforrnation tiven in the Trustees. report For the financial year for which the financial statements are prepared is consisteni wirh the financial statements. the Trustees, report has been prepared in accordance with applicable legal requivements. Matters on whl£h we are required to report byemceptign In the light of our knowle¢Jge and understandin8 of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustpes. report. We have rthIng to report in respect of the followtrn8 matters in relation to which Companies Act 2C(16 requires us to report to you if. in our opinion.. adequate accountin8 recotds have beert kept, tx retums èdeouate for our audit have not been e1Ved from branches not visired by us.. or the financial statements are not in agreent with the accounting records and returns." Dr certain disc105ure5 of Trustees. remvneration specified by law are not maée." or we have not received all the information and explanations we requiie fw our audit., or the Trustees were not enlitlerj to prepare the financial statements in accordance with the small companies reKirne nd take a¢fvantage of the small companies. exemptions in preparing the TnJsiees' report and from the reqviremefft to prepare a StraieRiC rer¥Jrt. Pa8e 13
GRJMM AND CO. LIMITEO IA company liffl•ted byguaranteel INDEPENDENT AUDITORS, REPORTTO THE MEMBERS OF GRIMM AND CO. LIMITED ICONTINUEOI Responsibilities of trustees As explained more fully in the trustees, re5pJn5itMlitie5 Statement. the Trustees Iwho are also the directors of the charitable company for the purposes of company lawl 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 thai are free from material misstatement, whether due to fraud or error. In preparing the finantial stements. the Trustees are responsibfe for assessine the charitable compèny's ability to continue a5 a BoinB concern. dix105in& a5 applicable. matter5 related to 80ifiR concern and usin8 the 80in8 concern basi5 of accounting unless the Trustees ther intend to liquidate the tharitalJe cornpany or to cease operations. or have no realistic attemative but io do so. Audltors, responsibilitie5 lor the autht of the financial statements Our objectives are to obtain reasonable assurance about wherher the financial statemenis as a whole are free from material misstatemeni. whether due to fraud or error. and to issue an audirors, report that includes our opinion. Reasonable assurance is a high Ie1 of assurance. blrt is nor a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi55tatEment when tt exists. Mi55tatement5 can arise from fraud or error and are considered rnaterial if. indiyiduèlly or in the agzregate. they tould reasonably be expected to inflvence the econDrnic decisions of user5 token on the basis of these financial stitemenls. Irregularities. including fraud. ore instance5 of non<ornpliance with law5 and regulation5. We ée5i8n procedures in line with our responsibilities, outlined above. lo detect material misstatents in reskrt ol irregularities, including fraud. The extent tD whith our procedures are capable of deiettin8 irregularities. including fraud is detailed bek)w.' We gained an understanding of the legal and regulatory framework applicable to the charitable company and the settor in which it operates and considered the risk of acts by ihe charTiable company that were contrary to applicable laws and regulations. including fravd. We designed audit procedures to resp)nd to the risk. recognising that the risk of not detecting a material misstaiernent due io fraud is hi8her ihan the risk of noi detecting one resulting from error. as fraud may involve deliberate concealment by. for example. forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations. rdevant to the chartiable company, which could give rise to a material misstatement in the financial Statements. Our tests included agreeing the financial statement disclosure5 to underlying supporting documentation, enquiries of rnanagernent. review of board rninutes and legal expenses. There are inherent limitations in the audit procedure5 described and. the further removed nonrfompliance with laws and regulations is from Ihe events and iransaryions reflecied in ihe finarKial statements. the less likely we would become aware of it. Because of the inhereni limr(ations of an audit. there 15 3 risk that we will not detert all irregularities. including those leading to a rnaterial misstatement in the financial statements or norn-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed Ir&m the events and transactions reflerted in the financial statements. as we will be less likely to become awafe of insiances of non-compliance. The risk is also greater regarding irregularities occurTing due EO fraud rather than error. as fraud intentional concealmenr. forgery, collusion. omission or misrepresentation. A further description of our responsibilities for the avdit of the financial statements is IDcaled on the Financial Reporting Council's website ai.. www.frt.or auditorsres n5ibilitie5. This description lorrns pèrt of ouv auditors, report. Page 14
GRIMM ANO fo. LIMITED IA company l•mited by guarantet) INOEPENDENT AUDITORS. REPORTTOThE MEMBERSOF GRIMM AND CO. UMITEO ICONTINUEDI Use of our pOrt This report ¢s made solely to the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors. rewrt and lor no other purpose. To the fullest exient permitteé by law. we do not accept or assume responsibility to anyone other than the charitable company and it5 members. as a body. for our audit Wofk. for this rewrt. Of forthe we have fomied. Phillp Allsop {Senlor Ststutory Audltorl for and on behalf of BHP iLP 2 Rutland Park Sheffield 510 2PD Oate.. 24 N¢)vember 2022 Page IS
GRIMM AND CO. UMITEO IA company Ilmlted by Irantee} STATEMENT OF FINANCIAL A1VITIEs (INCORPORATING INCOME AND EXPENDITURE ACCOUNn FOR THE YEAR ENDED31 MARCH 2022 Unres¢ri¢ted funds 2022 Restrirted fvnds 2022 Totsl funds 2012 Total funds 2021 Income from: Donations and legacies Charitable artivities 23.558 185.650 19.584 23.558 1.150.929 47.134 14,501 731.067 46.975 96S.279 18.250 Other trading activitie5 Total income 238.792 983,529 1.222.321 792.S43 Expenditure on: Raising fund5 Charitable artivities 48324 63,110 48.324 495,678 44.704 392,259 432,568 Total expenditure 111.434 432.568 $44.002 436.963 Net intome 127358 8A51 550.961 .8521 678.319 355.S80 Transfers between funds 14 Net rnovement in fvnd5 136.110 542,109 678.319 355,580 Recon(iliztion of fvnds: Total funds brovght forward Net rnovement in funds 459,250 6210 417379 542.109 876.629 678,319 521.049 355,580 Totsl fvnds carried fonward 595A60 959A88 1.554.948 876.629 The 5tèrÈment of Financial Activities tomplies th ihe requirements for an income and expendilure account under the Companies Act 2(#)6 and includes all Bains and 1055es recognised In the year. All incorne and expenditure derive from continuing artwities. Pa8e 16
GRIMM AND CO. UMtTED IA company lirnited by zuaranteel REGISTERED NUMBER.. 08765731 BALANCE SHEET ASA T31 MARCH 2022 2022 2021 N¢>te Fljted a55elS Tan8ible a55elS io 807278 347,535 807,278 347,535 Current assets Siocks li 28,414 395,088 18.435 6.130 Debtor5 12 Cash at bank anLI in hand 364.324 519,255 78?26 543.820 Creéitor5'. amount5 lallin8 due within one year 13 I,156> 114,7261 Ne¢ ¢¥rrent asSrf5 747.670 529,094 Total assets less Current liabilits 1.$54.948 876.629 Total net assets 1.554,Y8 876,629 Charity funds Restrided fund5 14 959.488 417,379 Unrestricted hjnds Designated funds General funds 14 161.139 261.139 14 334311 198.111 Total unrestricted funds 14 59S.460 459.250 Total fvnds 1.554.948 876,629 The Trustees acknowledge their fesponsiimlities forcomplying Tith ihe requirements of the Art with respect to accounting records and preparation of financial statements. The financial statements have been prepared in actordante with the pro¥isN)n5 applicable to entities subj'ect io the srnall cornpanies regime. The financial statement5 were approved and authorised for r5sue bythe Trustees and signed on their behalf bv.. Page 17
GRIMM AND CO. UMITED IA company limited by guarantee) REGISTERED NUMBER.. 08765731 BALANCE SHEET ICONTrNUEOI AS A T31 MARCII 2022 Mrj Sawyer Date.. Nov 23. 2022 The notes pages 20 to 36 form part of these financial staiements. Page 18
GRIMM AND CO. LIM£0 IA company limlted by yara#teel STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH2022 2022 2021 Cash flows from operztifig activit•es Net cash used in operating activtties 319,133 3S3.088 Cash flowsfrom investiD¢ acti¥bties Purchase of tan8ible fixed assels 1474.0641 197,5981 Net 5 used ITr investwiz artivities 1474.0641 197.5981 Chan8e in 5h and cash egui¥alen15 the ye¥ 1154.9311 255,490 Cash and cash equivalents at ihe beginning of the year 519.255 263.765 Cash and cash equr*alents at the end of the year 364.324 S19.255 The notes pages 20 to 36 form part ofthese financial statements Page 19
GRIMM AND CO. LIMITEO IA company Ilmlted bywaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EhlDED 31 MARCH 2022 Acwuntinz poli(ies 1.1 Bosis of prepomtion olfinvnclu15tutenDts The financial 5t3tements have been prepared in accordarKe with the Charities SORP IFRS 1021- Accounting and Reporting by Charitie5.' Statement of Recommended Practice applicable to charities preparing their account5 in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191. Ihe Financial RertIng Standard applicable in the UK and Republic ol Ireland IFRS 1021 and the Companie5 Act 2rJ)6. Grirnm and Co. bmitetl meets the definitTr of a public benefit entity under FRS 102. Assets and liabilitie5 are initia11y re(nIsed at hisiorical C or iiansactw ¥alue un5 otherwbse thted in the relevant accounting policy. 1.2 Gofflng coRcern The financial statements hève been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The TrueS have considered the level of funds held and the expected level of incorne and expenditure for 12 months from authorisin8 these fLnancial statements. The budgeted income nd expenditure is sufficient. wbth Ihe level ol reser¥es, f¢y the chariry to be able to continue as a 80ill8 concern. 1.3 Income All income is recognised once the charitable company has eniitlement to the income. it is probable that the income will be received and the arTrount of income receivable can be measured reliably. Grants are included in the statement of finantial activilies on a teceivable basis. The balance of incorne ceived for spe(ific purposes bLrt not expended Ilurint the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt. its recognirion is deferred and included in creéiiors as deferred incorne. Where entitlement CUrS before income is re1Ve. the income is accrued. 1.4 Expendlture Expenditure is recognised once there is a legzl or con5trurtive obligati¢)n to transfer economic benefit to a third party. it Is probable that a transfer of economic benefit5 will be required In settlemEnt ènd the amount of the obligation can be rnea5ured reliably. Expenditure 15 classified by activity. The c05t5 of each activity are made up of the total of direct Costs and shareij costs. includin8 5UPPOrt Costs involved in undertaking each activity. Direct costs attributable to a single activity are allLKated dirertly to that activity. Shared costs which contribute to more than one a(tivity and support costs which are not attributable to a single activity are pportioned between those activities on a ba5t5 conslstent with the use of resources. Central staff costs are 110(3ted on the ba515 of time spent. and depreciation charge5 allocaled on the portion ol the asset's use. Expen(liture on rai5in8 fund5 includes all expenditure incurred by the Ihariiable cornpony to raise funds for its charitable purposes and includes cts of all fundraisillz èrtivities events and non<h3ritable trading. Expenditure on charitable atti11¢5 bs incurred on direc1 undertaking ihe actiwties which further the charitable company's objettives. as well as any associated support costs. Pa8e 20
GRIMM AND CO. LIMITED IA company lirnited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting poliries l£onlinuedl 1.4 Elpenditure Itontinuedj All expendilure is inclusive of irrecoverable VAT. 1.5 Tongiblefvedassets aNldepreciotlon Tangible fixed assers cosiing £750 or more are capitalised and recognised when fulure econornic benefit5 are probable and the cosi or value of the asset can be measured rel13y. Tangible fixed assets are tnitially recognised at C05t. After recognition, undef the c05t model. tangible fixed assets are measured at cost less accumulated depreciation and any actumulated impairmefit losses. All costs incurred to brin8 a taneible lixed asset into its intended workin8 condition should be intluded In the measurement of cost_ Depreciation is charged so as to allocate the cosi of tangible hxed assets less their residual value over their estirnatetl useful lives. Oepreciation is provideil the fdlowing base5'. Freehold buildings Improvements to propertv Motor vehitles Equipment 5trai8ht line over 50 year5 5% strai8ht line 25% straieht line 33% straight line The properry is included at purchase price legal fees. Once completed. the property will be revalued and z full impairmeni feview will be undertaken_ 1.6 Stocks Stocks are value<l at the lower of cost and net realrsable value alter making due allowance for obsolete and slow-mo¥ing stocks. Cosi includes all dirett costs and an appropriate propNtion of fixed and va¥iable overheaés. 1.7 Debtors Trade and other debtors are reco8ni5ed at the settlement amount after any trade discount offered. Prepayment5 are valued at the arnount prepaid nei of any irade di5couThis due. 1.8 Cosh ut bonkondin hond Cash at bank and in hand IludeS cash and short-term highly liquid investments with a short maturity of three rnonths or less from ihe date of acqui51tion or opening of the deposit or similar accounr. Page 21
GRIMM AND CO. UMITED IA Company limited by¢•T•tte) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022 Accaunti policies Irontinuedl 1.9 Ilabllitles ondpmvA510ft5 "abililies are recognised when there is an obligarion at the balance sheei date as a result of a past event, it Is probable thar a transfer of economic benefii will be required in settlement. and the amount of the settlement tan be emimated idiablv. abilities are recognised ai ihe amount thai the chariiable company anticipates it will pay to settle ihe debt ithe amount li has received as a¢fvanced payments for the goods or SeICeS it must provide. 1.10 Fuml occountiny General funds are vnrestricted funds which are available for use at the discretion of the Trustees in lurtherance of the 8eneral objettives of the ch3rrtable company and which have not been de5iBnated for other purposes. Designared funds comprtse unresiriued funds ihai have been set assde by the Tfustees for panicular purposes. The aim and use of each designated fund is set out in the notes to the financial staternents. Restricted funé5 are funds which are to be used in aciordance with specific restrittions imposed by dDnors or which have been raised by the charitable company for particular purposes. The costs of raisin8 and administefin8 such funds are charged against the specrfic fund. The aim and use of eh restricted fund is set out in the notes to the financial statements. Incorne Irorn donation5 and legarits Unrestri¢red nds 1022 Tffjal funds 2022 Total funds 2021 D¢wtlofts Corporate donations General donations 2.334 15,033 6,191 2,334 15.033 6.191 2.743 14,448 12,6901 Gift Aid 23,558 23,558 14,501 Total 2021 14.501 14.501 Pa8e 22
GRIMM AND CO. LIMITED IA company limited by Èuaranteel NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022 Income from charitsble acti¥itles Unrestrirted nds 1022 Restrirted nds 1022 Total funds 2012 Total funds 2021 Grants recefved Isee below) Services provsded 137.116 890.688 I.02704 695,700 35.367 48.534 74.591 123.125 185.650 965.279 1.150.929 731.067 Total 2021 241.111 489.956 731.067 Pa8e 23
GRIMM AND CO. LIMITED IA company limited byiuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH2022 Ufifestritted funds 1021 Restricted fvnds 2022 Toial funds 2022 Total funds 2021 nts ie¢eived Arts Council England Arts Council England- Cultural ftecovery Fund Arts Council En8land- Capital kickstart Arts Council England- Day to Create BBC Children in Need 117.116 117.116 117,116 77.400 117.707 SO.6L 50.600 499.999 9.968 9.989 499.999 9.968 9.989 9.989 7.499 The Shine Trvst HMRC- Job retention scheme 17,979 The Bi8 Lottery Fund RotheTham 8tsrough Council. Covid grant Paul Hamlyn Trust Esmee Fairbairn Foundation 98.290 35.0(KI 92.910 52.oc 57.090 s2.0 57,090 52.1)00 Esmee Fairbaim Foundation- Covid grènt TudorTrust 26.(XlO 20.LNMJ 1,810 90.942 42.C4JO 1.810 Don Catchrnent Rivers Trusi 1.810 National Lottery community fund Si8rid RausifiK Trust Unlversity of Sheffield UKCRF 90.942 20.000 20,( 2.790 1.790 95,500 95.500 137.116 890.688 I,02704 695.7 Page 24
GRIMM AND CO. UMITED IA tornpany14mited byiuarantee) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Income from Other Iradin8 a£ti¥ities Unrestrkned Restred fvnd5 fvnd5 2022 Tot•1 fvnd5 2022 Total funds 2021 Shop income Fundraising events RMBC- brokerage fee 29.014 570 19,014 570 29.410 265 18.250 18.150 17.3CKI 29,S84 18,2SO 47,834 46.975 Total 2021 29.675 1?.3L¥) 46,975 Expenditure on ralslnl funds vnrestricd fvnd5 1022 Total funds 2022 Total funds 2021 Retail transa(tion charges Givrng fees Postage costs Products & resources 654 654 787 216 3,357 IZ.893 31,420 3.357 3,809 10.599 29,293 12.893 31.420 WaBes and salaries 48,324 48.324 44.704 Total 2021 44.704 44.704 Page 25
GRIMM AfiD CO. LIMITED IA cornpany Ilmlled byiuarantee) NOTES TO THE FINANCIAL STATEMENTS FQR THE YEAR ENDED 31 MARCH 2022 Analysis of eXpedI1Urt ¢hariiable actlvltles Summury byfvnd type Unrestriaed fvnds 2022 ResrrKted fvnds 2021 Total funds 2022 Total funds 2021 CharitaWe artwities 63.110 432.568 495.678 392,259 Total 2021 84,031 308.228 392.259 Total fvnds 2022 Total funds 2021 Dirert Costs 2022 Charitable activities 495.678 495.678 392,259 Total 2021 392,259 392,259 Page 26
GRIMM AND CO. LIMrrED IA Company limited byyaranieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022 Analws of eJtpen&rture by acti¥itips Icontinuedl AatyS Ot dirtrt costs Total fvnds 2022 Total funds 2021 1022 Staff costs 260,499 14.321 98.913 260,499 14,321 98.913 229,894 11.771 31.030 Depreciation Freelance staff Payroll fees Travel and training Bank charge5 Evaluation 3.468 9.245 511 798 9,245 511 1.574 525 6.975 2,737 Equipment Insurance 11.44S 11.445 3.209 3,209 5.840 9.594 8.615 5,472 5,984 Telephone and iniernet Repairs and maintenance Rent and rates 9.594 8.615 8,750 Marketln8 Learning delivery and resources Printin& posta8e an¢J statronery rOfelOnal fees 2.250 2,Z50 1,225 22.202 22,102 29,367 3.167 3,167 29.038 1.238 29.038 4,342 42.281 Premises costs Sundry expenses 13.361 13.361 2.010 495.678 495.678 392.259 Total 2021 392.259 392.259 Page 27
GRIMM Af4D CO. UMITED IA company Imfted by ¢uarnrteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Auilitors. iemuneratkni 2022 2021 Fees payable to the charitable company's auditor for the audit of ihe charitable company'5 afinual accounts 11.700 Fees payaNe to the charitable company's auditor in respect of.. Preparaiion of financial statements 2,370 siaff Costs 2022 2021 Wages and salaries Social security costs Contribution to defined contribution pension 5cheffle5 265,705 18,603 7,611 236.045 16.390 6.752 291,919 259.187 The averaee number of persons employed by the chariiable company durin8 the year was as follows.. 2022 No. 2021 Employee5 12 li No employee re(wved remuneration amounting to more than £60.(W in either year. The orBanb5alion wa5 also supporte(I by a total of 8812021= 731 volunteers throueh the course of the year. The total amount of employee benefits paid to key managemeni personnel. including employer's pension and national insurance contribvtions. was £95.780 12021= £96,811). The Trusrees consider rhe key management personnel comprises ihe Chief Executive and Head of operati5. Tru51ee5' remuneration •nd e¥penses During the year. no Trustees received any remunefalion or other benefits12021- ENILI. During the year ended 31 Mèrch 2022. no expenses were reimbursed or paid direttly io any trustees. Five trustees made donations to the chariiy amounting to £93212021.. £669 from 4 Irusteesl. Page 28
GRIMM AND CO. LIMITED IA Comp¥ limited by Éuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Tanglble fixed assets Frtthold knd & Impruwen t#Jlldln pfoperr¥ MotOr¥ehe$ Equ?1 Totsl Costor Voluotion At l April 2021 Additions 266.493 93.050 18.995 378,538 463.074 io.s(K) 490 474.064 Transfers between classes 93.050 193.050} At 31 March 2022 822,617 10.5(Kl 19.485 852.602 Depredotion At l April 2021 ChargÈ for the year Transfers between classes 10.660 4.652 15.691 1.932 31,003 14.321 4.652 14.6521 At 31 March 2022 25.195 17.623 45,324 Net book Volu At 31 March 2022 797.322 8A194 1.862 807.278 At 31 March 2021 255.833 88.398 3,304 347.535 ii. Stocks 2022 2021 Finished and good5 for resale 28A14 . 18,435 Page 29
GRIMM AND CO. LIMITED IA company limited by euaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 12. Debt<Ms 2022 2021 Trade debiors Iz 12 Prepayments and accrued incc*ne 395,076 6,118 395.088 6,130 13. Creditors.. Amounts fallin8 due within year 2022 2021 Other taxarion and Social 5eturilv Other £reditor5 .247 1.498 5,841 539 Attruals ènd deferred income 32,411 8,346 40.156 14,726 Page 30
GRIMMAND CO. LIMITED IA conlpany Ilmited bywaranieel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 14. Statement of fund5 stateme tsf funds. turrentyear Transfer5 InloLrt bance at 31 March 2022 A11 2021 I(ne E¥pendlture UnrestTirtedfvnds ilesignutedlunds Buildin8 fvnd 261.139 261.139 Generollund5 General Funds- all funds 198.111 238.792 1111.4341 8,852 334,321 Totolunrestrlrtedfv 238,792 1111.4341 8.852 59S.460 Re5trktedAuRds RMBC Creative Mentoring The 818 Lottery Fund ACE Catalyst Arts Council England- Capital Esmee Fairbairn Trust SI4? {36.7381 111.7471 7.200 9.791 1.956 6.148 16.1481 1329.7101 329,710 4,835 114,083) 42.1MXI {46.1201 10.715 ACE Capital Kickstart The Tudor Trust 14.083 20 141.7511 166.5631 169,0591 141.9761 110.0131 125.IXIOI 139.6811 IIB.7581 17.4681 19.9831 17.7111 20.149 Paul Hamtyn Trust National lotiery comrnunily fund ACE Cultural Recovery Fund CIN BBC Small Grant 43.796 57.¢J90 34.323 21.884 .943 8.614 RELOAD Grani 2$.{) UKCRF 95.51x1 55.819 YEF 17.993 765 ACE Day to Create Capital Projert Funding under £S.IXXI 2.$00 307.306 499.999 797.312 3.091 372 3.35Z 417.379 983.SZ9 1432.S681 IB.BS21 9S9.488 Totulolfvnds 176.629 1.2Zi,311 IY4.0021 1.554,948 Pa82 31
GRIMM AND CO. LIMITED IA company limiltd by guarantee) NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MARCH 2022 ststement olfunds l¢ofttlnued) Statement olfvnds. wloryeai Balance at 31 Marth 2021 8alahce at l April 2020 Transfers inlout ncome Éxpenditure Unrestrlrtedfvnds De5ignOtedfvnds Building fund 161.139 100.co) 261.139 Geftem1fvJS General funds 133.300 320.654 1145.1251 1110.7181 198.111 TOtolunstrtedfvndS 294.439 320.654 1145,1251 110,7181 459.250 fte5trirtedAuftds RMBC Creative Mentor¢ng The Bi8 Lottery Fund ACE Catalyst The Shine Trust 18.1921 119.5761 6.148 28.694 128,4111 168.9241 17.9091 9.791 6,148 98,291 116.9851 7,498 9.487 ACE Capltal knck5tart Esmee Fairbairn Trust 256.264 Y,057 117,707 52.( 144,2611 156.2221 114,OR31 110,2501 329.710 4.835 114.0831 12611 42,000 ACE- Kick5tart 88C Chiléten in Need 9,989 42.IXK) The Tudor Trust RDthErham Meiropolilan Cwnol Paul Hamlyn Trusi Fundin8 under £S.O(KI 17.3(M) 117.3001 149.1141 13.2731 92.910 43,796 1.231 3,352 226.610 471,889 1291,8381 10.718 417,379 Totulollufid5 521.049 792.S43 1436,9631 876.629 Page 32
GRIMM ANO CO. LIMITED IA company Ilmlted by 8uar•nteel NOTE5 TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED3J MARCH2022 14. Statement of funds ltontinued) Fund description RMBC Crtatlvt Mentorlni A contract with the Virtual khools Service of the local authority- enabline immediate payrolling for freelante artists deli¥erin8 on the Cteative Mentoring project_ The 818 Lottery Fun This Is ihe final months of a 5 year projert with small extension through the pantlemic. The proje(t enabled Grimm & Co to en888e. support and develop volunteers and to reach familie5 in communities through taster attivities. Arts Counol Enlland Capital Capital grant received towards Pltrchase and tapital development costs Esmee Faifbairn Trnst Salary costs and overheads to supporr the organi5athX to expand its prggrarnmes to reach the most vulnerable thildTen in Rotherham. Arts Cwncll Eortd- Kickstsrt Capital grant (related to inflated costs lesulli from Co¥id-191. claimed in arrears and the capital project costs. The Tudoi Trust Core costs to SUPPDrt Grimm & Co to de¥elop (Mjtreach and enga8ement in the eommunilie5 to deliver creative, en8a£inR aCtr¥itie5 to the most marRinalized thildren and young people. Paul Haffllyn Trust Support dÈlivery of effective arts based teaching and learning OPPDrtunities in the primary classroom to build teacher's creative confidence and to Md learning thfough ihe arts in the curriculum. Natlonal Lottery Comrnunity Fund Spotlights and Stepping Stones.. Funding supwjrt to reach and engage people in the role of volunteering wilh meaningful eXperiee5. traininÉ. support and socials. Thi5 15 a150 enabling Grimm & Co to develtsp wider partnerships vrith external agencies. ¥vrMk directly wth communities and to develop a 5Ulte of family learning activities ID build the capacity of parenis. carers and people who work Ymth young children. ACE Cutural Ruo¥ery Fund Support to enable business and operaiional continuiry and revised delivery during challengin8 times posed by the pandemic. 8BC Children in Need A Small. ¢Jiscrete projert en6blin8 art15t5 lo deliver our o15chool prograrnme5 and Weekend activitie5 for children across the borough with a strone emphasis on those most marginaliied and experiencin8 disadvantage. A focu5 on safety and voice. RELOAO Grant Funds made available through SYMCA to ernOY ané engage lotal arttsts. creating culturally relevarst. innovaiive resources and sites then delivertng a range of taster acttvities that iniroduce a diversity ol arts disciplines through story ielling. Page 33
GRIMM AND CO. LIMITED IA tompany limited byguaranteel NOTES TO THE FINANCIAL5TATEMENTS FOR THE YEAR ENDED 31 MARCII 2022 Statsment of funds Icontinuedl UKCRF Fundeé as Part of a widef Rotherham consortium to work collabNatively xross 7 projects and io deliver three festivals. recrubt. en8a8e. train suprKJrt 6 Youn8 Producers with care experience in their firsr workplace. YEF A project thai enabled support to young people-fr(*n iasters io learning programmes. providing a sample of the use of creaii¥ity in learning. ACE Day to Create A commission wilh the Arts Ctyjncil to create an intefxtive. inno¥ative learning pack that could be made and ithstributed out to all Art5 Mark Schwls across the country. Capbtsl Proiert cap[t grant received towards purchase and capital development Costs Fundinl under £5.IXIO Other resiritted monies given io the chafiiy for spKifi¢ purpo. Transfers Transfers to restritted funds from vnrestritted funds represent minor overspend5 on projetts which have been supplemented throueh unrestritted reserves. Transfers to unresiritted funds from restricted fund5 represent minw underspends on pro1t$ which have complered and are deemed io have satisfied thefuftding criteria. 15. Anatysis ol net assets tsttween Id$ Artatysis of nei assets beTh¥een funds- Current year Urestrittel fvnds 2022 Restrtrted funds 2022 Total fvnds 2022 Tan8ible fixed assets Current assets 9.956 797.322 807.278 625.660 162.166 787.826 140.1561 Crediiors due within one year 140.1561 Total 595.460 959.488 1.554.948 Pa8e 34
GRIMM ANDCO. UMITED IA cornpany limited byyaranteel NOTE5TOThE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2022 An*ls of net assets bEtween lunds Icontitsuedl Analysis of net assets between lunds. year Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Tangiblefixed a55et5 Current a55ets 19.726 445.108 {5,5841 327.809 98.712 347.S35 543.820 114,7261 Creditors due within oneyear 19,1421 Total 459,250 417.379 876,629 16. Re¢onwliat1 ot net movement in funds to nettash Ilow frorn operating activities 2022 2021 Net income forthe year la5 per Statement of Financial Actiwiie51 678.319 355.580 Adiustmentsfvr.. Depfeciation charges Increase in Stocks 14,321 19,9791 128OA581 15.430 11,771 14,4331 11.124 120.9541 Decreasellincreasel in debtor5 Increa5elldecreasel in creditors Nettosh provided by operotinq ortivibes 427.133 353,088 17. Analysi5 01 rash and equiv31ents 2022 2021 Cash in hand 364,324 519,25S Totulcosh Qndcosh equffl¥gknts 364.324 519,255 Page 3S
GflIMM AND CO. UMITED IA Company Ilmlted byiuaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH 2022 Anafysls ot changes In net deb¢ At l April 2021 At 31 March 2022 Cash IIow5 Cash at bank and in hand 519255 1154,9311 364.324 519.Z55 1154,9311 364,324 19. Operatlni lease commitments At 31 March 2022 the charitable company had commiiments to make future minirnum lease payments under non- cancellable operating leases as follows-. 2022 2021 Not later than I year Later than l year and not later than S year5 6.750 6.750 Related partytraTh5adion5 The charitae company has not entered into any related party transattron during the year, nor ale there anv Jtstandine balances owing between rdated parties anLI the chaiitsble company at 31 March 2022. PaBe 36