Charity number: 1158001
THE JOHN GRIFFIN FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE JOHN GRIFFIN FOUNDATION
CONTENTS
Page
Rthnco and admlnl8tratlv• dotsils of the charlty. Its Tru8to08 and advlsors
Tru8tees' rnport
Statoment of flnanclal actlvltl
Balance sheot
Noto¥ to the flnanclal ststsments
7-12

THE JOHN GRIFFIN FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Tru8te
J Griffin, Trustee
K Griffin, Trustee
L Griffin, Trustee
Charity rnglstorod
number
1158001
Prlnclpal offlce
1 Hanover Terrace
London
NW14RJ
Chlef exocutlva offlcor
John Grffin
Accountants
Adler Shine LLP
Chartered Accountants
Aston House
Comwall Avenu8
London
N3 1LF
Page 1

THE JOHN GRIFFIN FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustee8 present their annual report together with the financial statements of the The John Griffin
Foundation for the 1 April 2023 to 31 March 2024.
ObJ•¢tlve8 and actlvltle8
a. Pollcles and obJectlva8
The ¢)bjocts of the CIO are:
1. To relieve 8icknes8 and to preseNe and protect good he8lth for the public benefit.
2. For the public benefit to promote the education (including 80cial and physical training) of people in England
and Wales in such way8 a8 the tru8tees think frt.
3. To help young people, especially but exclusively through youth leadership activities, 80 a8 to develop Iheir
¢apabilrtie8 that they may grow to full maturity 88 indMdual8 and m•mb8r8 of Society.
4. To promote music and art for th• bonafft of the public, in 8u¢h ways as the tru8tee8 think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commi88ion relating to public benefit, including the guidance 'Public benefit: wnning
charity (PB2)'.
b. 8trategles for achlevlng obJectlve8
The Foundation's policy on grant making Is to split charitable output between a progressive and compa88ion
selection of recipient8 who are undertaking projects which advance the charitable object8 of the Foundation.
The Foundatlon seek8 to make long term comrnitments With other organlsatlons who have similar objectives.
Investments are made in research project8 where there is a possibility of achieving return8 which can then be
granted to lund other charitable expenditure.
c. A¢tlvftlM undertaken to achleve obJectlve•
During the year the Trustees have focu88ed on the internal management of the Foundation, in particular finding
new banking partners following issues Wlth the flow of funds from their existing provider. This has necessitated
reductton in the review and analysis of grant applications and no new grants have been made during the year.
d. Maln actlvltle8 undertak•n to further the charlty'8 purposas for the publlc beneflt
During the year the Foundation has focussed on the delivery of all outstanding charitable commitments and
undertaking a review of its own internal policies.
Going forward other than donating the remainder of the funds in the next few years the Foundation is not making
any significant plans, and after which the Foundation is likely to close. The charity was fomed to donate funds lo
medical research, and in particular The Griftin Institute. which has now been completed.
Paga 2

THE JOHN GRIFFIN FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlev•m•nts and porfomianco
. Investmont pollcy and performance
The Investment in Griffin Paste Research Limited continuad to make losses during the year.
It is expected that the project will not realige futura income and the Foundation ha6 written down rts investment to
the nominal value of the shar•s.
Flnanclal revl8w
. Golng concern
After making appropriate enquiries, the Tru8tee8 have a reasonable expectation that the charity ha8 adequate
resource8 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 details regarding the adoption of the going
concem ba8is can be found in the accounting policies.
b. Reservos pollcy
A8 at 31 March 2024, the r88erve8 of the Foundation amount to £50,874 (2023 - £52,415). The Tru8tees hw48
e8tabli8hed a policy whereby free reserve8 held by the charity should be maintained at 8ufficient leve18 to
maintain the charivs op8ration8 in the event of 8hort tem funding fluctuations or unforeseen c08t8.
Structure, govarnan¢o and management
a. Constltutlon
The John Griffin Foundatlon Is a registered Charitable Incorporated Organlsation ( CIO"), number 1158001, and
was established by a Con8titution on 25 July 2014.
b. Methods of appolntmant or electlon of Trugt
Apart from the fir8t charlty Truste88. every Trustee must be appolnt•d for a temi of 12 month8 by a r8801ution
passed at a properfy convened meeting of the charity Trustees.
Page 3

THE JOHN GRIFFIN FOUNDATION
TRUSTEES. REPORT (CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Statemént of Trustsos, responslbllltlos
The Trustees 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).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
8tstements, the Tru8t••s are required to:
Select suitable accountlng pollcles and then apply them con818tently',
¢b8eNe the methods and princlple8 of the Charities SORP (FRS 102),,
make judgments and accounting estimates that are reasonable and prudent.,
8tate whether applicable UK Accounting Standards {FRS 102) have been followad, 8ubJect to any material
departures di8closed and explained in the financial 8tatements-,
prepare the financial statements on the going concern ba818 unle38 It is inappropriate to presume that the
charity will continue in bu8ine88.
The Trustee3 are re8pon8ible for keeplng adequate accounting records that are sufflclent to 8how and explain
the charitys transactions and disclose with reasonable accuracy at any time the financial position of the charity
and enable them to ensure that the financial 8tat6ment6 comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are a180 responsible for
Safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the memb8r8 of the board of Trustees and signed on their behalf by..
J Grlffin
Trustee
Dat•..
Page 4

THE JOHN GRIFFIN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrastrlcted
funds
2024
Total
funds
2024
Tot
funds
2023
Note
Income from:
Investment8
261
261
110
Total Income
261
261
110
Expendlture on:
Charitable activitie8
1,802
1.802
9,043
Total oxpendltur•
1,802
1,802
9,043
Net movomont In funds
11,641)
(1,541)
(8,933)
Reconclllatlon of lundB:
Total fund8 brought fopward
Net movement in fund8
62,415
(1,641)
62,415
61,348
(8,933)
Total fund8 carrlod forward
60,874
50.874
52,415
Th• Statement of financial activltl88 Includ83 all galn8 and1088e8 recogni8ed in the year.
The notas on pages 7 to 12 fomi part of the8e financial statements.
Page 5

THE JOHN GRIFFIN FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Nots
Flxed ass•ts
Investment8
Current assets
40
Debtors
Cash at bank and in hand
300
57.134
311
56, 864
57h34
57, 175
Creditor8: amount8 falling due within one
year
(6.600)
(4, 800)
Not curront a$•et8
50,834
52,375
Total a•sets1888 currant Ilabllltl08
60,874
52,415
Total not as80ts
50,874
52,415
Charlty funds
Restricted fund8
Unrestricted fund8
60,874
52,415
Total funds
50,874
52,415
The financial statemonts were approved and authori8ed for i8gue by the Trustees and 8igned on th•lr behalf by.,
Trustee
Date: lo/f l
The notes on pages 7 to 12 fomi part of these financial ststements.
Page 6

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General Infomiatlon
The John Griffin Foundation is a charitable incorporated organisation and incorporated in England and
Wales. Its registered office address 18 1 Hanover Terraco, London, NW14RJ.
The members of the charity are the Trustee8 names on page 1. In the event of tho charity being wound up
there 18 no liability to the members of the charity.
The financial statements are presented in Sterfing (£), rounded to the neare8t £1.
Accountlng pollcle4
2.1 8a•l¥ of preparatlon of flnanclal 8tat6m•nts
The financial ststam8nt8 have been prepar•d in accordanc8 wlth th• Charitie8 SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities
preparing their accounts in accordance with the Financial Reporting Standard applicable In th8 UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charitie8 Act 2011.
The flnancial statements have been prepared to glve a Irua and fai￿ view and have departed from
the Charities (Accounts and Reports) Regul8tion8 2008 only to the extent required to provide a Yrue
and fairf view. This departure ha8 involved following the Chariti88 SORP (FRS 102) publi8hed in
October 2019 rather than the Accounting and Reporting by Chariti88'. Statement of Recommendad
Practice effective from 1 April 2005 which ha8 8ince been withdrawn.
The John Griffin Foundation meet8 the definition of a public benefit entity under FRS 102. Assets and
liabilitleg are initially recogni8ed at historical cost or traniaction value unle88 OtheNiisa $tsted in the
relevant accounting policy.
2.2 Golng conc•rn
After making enquiries, the Trustee8 have a rea80nablo expectation that the charty has adequate
re80urca$ to continue in operational exi8tence and meet its liabilities as they fall due for the
foreseeable future. being a period of at least tsvelve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial
statements.
2.3 Income
All income is re¢ogni8ed once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Page 7

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles {contlnued)
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be me88ured reliably. Expenditure is da88ified by activty. The costs
of each actwity are made up of the total of direct costs and shared cost8. including 8UPPOrt costs
involved in undertaking each aGtivty. Direct costs attributable to a single activity are allocated directly
to that activty. Shared costg which contribute to more than one activity and support costs which are
not attributable to a Single activty are apportioned between those adivities on a basis consistent with
the use of resources. Central staff cost8 are allocated on the ba318 of time 8pent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on diredly undertaking the activities which fijrther the
charty'8 objective8, as well a8 any associated 8UPPOrt C08ts.
All •xp&ndrture 18 inclu8ive of IrrecO￿rab10 VAT.
2.6 Intsrost rocelvable
Interest on fund8 held on dep08it 18 included when receivable and the amount can be measured
reliably by the charity, this is nonnally upon notification of the inter88t paid or payable by the in8titution
with whom the funds are deposited.
2.6 Invuknents
Fixed 88set inve8trnents are a form of financial in8trum6nt and are initially recogni88d at their
transaction c081 and subsequéntly measured at fair value at the balance Sheet date, unless the value
cannot be measured reliably in which case it is measured at Cost less impairment. Investment gains
and losses, whether realised or unrealised. are combined and presentgd as 'Gain81{L088es) on
inve8tm8nt$' In the statement of financial activities.
Investmants In associates are ststed at th8 amount of the charitys share of nat assets. The
statement of financial activities includes the charitys share of the associated companies, net income
or expenditure using the equty accounting basi8.
17 Debtorn
Trade and other debtor8 are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade di8count8 due.
2.8 Cash at bank and In hand
Cash at bank and in hand includes cash and short-tenn highly liquid investrnents with a short maturity
of three months or less from the date of acquisrtion or opening of the deposit or similar account.
Page 8

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2024
Accounting policias (continuad)
2.9 Liabilitie¥ and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabllltles are recognlsed at the amount that the charity anticipate$ it will pay to settle the dobt or the
amount it has received a8 advanced payments for the goods or services It must provide.
2.10 Flnanclal In•trumonts
The charity only ha8 financial assets and financlal liabilitie8 of a kind that qualify a8 baslc flnancial
instruments. Basic financial in8trument8 are initially recognised at tran68ction value and sub8equentty
measured at their settlement value with the exception of bank loan8 which are subsequent
measured at amortised cost Using the effective interest method.
2.11 Fund accountlng
General fund8 are unrestricted funds which are available for use at the di3cretion of the Tru8te88 in
furtherance of the general objectives of the charity and vthich have not been de8ignated for other
purp0888.
Inve8tment income, gain8 and1088e8 are allocated to the appmpriate fund.
Invo8tment Income
Unrojtrlctod
funds
2024
Total
funds
2024
Tot81
funds
2023
Inv•stm•nt Income
261
261
110
Analy¥l3 of expgndlturo by actlvltles
Support
costs
2024
Total
funds
2024
Tot
runds
2023
Other
1,802
1.802
Trustees, remuneratlon and expenses
Page 9

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
During the year, no Trustees received ary remuneration or other benefrts (2023 - £NIL).
During the year ended 31 March 2024. no Tru8tee expense8 have been incurred (2023 - £NIL).
Flxed asset Invo8tm•nts
Invmtments
a88oclats8
Cost or valuatlon
At 1 April 2023
250,000
At 31 March 2024
260.000
Impalrniont
At 1 Aprll 2023
249.960
At 31 March 2024
249,960
Nat book value
At 31 March 2024
At31 ma￿ 2023
40
Prlnclpal a880cl•te•
The following wa8 an associate of the charity:
Name
Falr value of Expendltur•
Investment
for the y•ar
at 31 March
2024
Proflt I
(Loss) I
Surplug 1
(Dellclt)
for the
year
Griffin Paste Research Limited
40
124,270
(124.270)
The associate has been written down to the nominal value of the share5 due to the results of the company
to date. The above financial infonnation has been taken from the most recently available financial
statements, being the period ended 31 March 2022.
Page 10

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Debtor8
2024
2023
Other debtor8
Prepayments and accruad income
300
11
300
311
Crndltors: Amounts falllng due wlthln on• yaar
2024
2023
Trade cr•dltor8
Other creditors
Accrua18 and deferred Income
2, 700
4.800
1.800
2, 100
6,600
Statomont of fund•
Stat6m•nt of fund8 - currnnt y••r
8alanc8 at
31 March
2024
Balanc• at 1
Aprll 2023
Income Expendltur•
Unrgstrlctsd funds
General Funds
52N16
261
{1,802)
60,874
statsment of funds - prlor year
Balance 8t
31 March
2023
Balan￿ at
q Apnl 2022
Income Expenditu
Unrnstrlctod funds
General Funds
61.348
110
(9,043)
52,415
Page11

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Analy818 of net assets between fund¥s
Analy¥l¥ of net as80ts ￿tw9•n funds - curront p•rlod
Unrostrlcted
funds
2024
Total
fund8
2024
Fixed asset investments
Current assets
Creditor8 due within one year
40
57,434
{8,600)
57,434
(6,600)
Total
50,874
60,874
Analys1• ol nét a888ts bth••n fund• - prlor p•rlod
Unrnstiicted
funds
2023
Total
funds
2023
Fixed asset Invastment8
Current a38ets
Creditorn due wlthin one year
40
57,175
{4, 800)
40
57,175
(4,800)
Totsl
52,415
52,415
Page 12