Charlty number: 1158001
THE JOHN GRIFFIN FOUNDATION
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE JOHN GRIFFIN FOUNDATION
CONTENTS
Page
R￿&rence and adminlstratlve d8tsi18 of tha eharity, Its Truste•8 and advlsers
Trusté88' report
Statemant of flnanclal actlvltle8
Balance Sheet
Notes to the flnanclal 8tst•monts
7-12

THE JOHN GRIFFIN FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Truste6$
J Griffin, Trustee
K Griffin, Trustee
L Griffin, Trustee
Charlty reglsterod
numbar
1158001
Prlnclpal offlco
1 Hanov8r Terra¢•
London
NW14RJ
Chlof exacutlve 0ffl¢or
John Griffin
Accountants
Adler Shine LLP
Chartered Accountsnts
Aston House
Cornwall Avenue
London
N3 1LF
Pag& 1

THE JOHN GRIFFIN FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the The John Griffin
Foundation for the 1 April 2024 to 31 March 2025.
obJ￿tIveS and actlvitlos
a. Pollcles and objectlves
The objects of the CIO are..
1. To relieve sickness and to preserve and protect good health for the public benefit.
2. For the public benefit to promote the education (including social and phy8ical training) of people in England
and Wales in such way8 as the trustees think frt.
3. To help young people, especially but exclusively through youth leadership activities, 80 as to devalop their
capabilities that they may grow to full maturity as individuals and members of Society.
4. To promota music and art for th8 benefit of the publ1¢, in such ways a8 tha trust••s think fit.
In setting objective8 and planning for activities, the Trustees have given due consideration to general guidance
published by thg Charity Commission relating to public benefit, including the guidance 'Public benefit.. running
charity (PB2)'.
b. Strategles for achleving obJectlva8
Tha Foundation'8 policy on grant making is to split charitable output bet￿een a progressive and compassion
selection of recipients who are undertaking projects which advance the charitable objects of the Foundation.
The Foundation saeks to make long term commitments with other organisations who have similar objectives.
Investments are made in research projects where there 18 a possibility of achieving returns which can then be
granted to fund other charitable expenditure.
c. Actlvltles undertaken to achieve objectlv
During the year the Trustees have focussed on the internal management of the Foundation, having now
established a sustainable banking partner with Coutts. This has necessitated a reduction in the review and
analysis of grant applications and no new grants have been made during the year.
d. Main actlvftles und8rtaken to further the charlty's purposes for the publlc benefit
During the year the Foundation has focussed on the deltvery of all outstanding charitsble commitments and
undertaking a review of its own internal policies.
Going fotward other than donating the ramainder 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 formed to donate funds to
medical research, in particular The Griffin Institute, which has now been completed.
Page 2

THE JOHN GRIFFIN FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
a. Investment policy and perfomiance
The investment in Griffin Past8 Research Limited was disposed of in the year. The company was dissolved 15
October 2024 having failed to generate sufficient income or investment to sustain its costs. As the Foundation
had already written down the value of the investment this Ios8 reflected only the nominal value of the shares
held.
Flnanclal revlow
a. Golng conc•rn
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity 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 details regarding the 8doptlon of the going
concern basis can be found In the accounting policles.
b. Re86rv88 poIIcy
As at 31 March 2025, the reserves of the Foundation amount to £49.829 (2024 - £50,874). The Trustees have
established a policy whereby free reserves held by the charity should be maintained at sufficlent levels to
maintain the charlty's operations in the event of short term funding fluctuations or unforeseen costs.
Structurei governance and managemont
a. Constltutlon
The John Griffin Foundation is a registered Charitable Incorporated Organisation {"CIO ), number 1158001, and
was established by a Constitution on 25 July 2014.
b. M8thod$ of appolntment or olectlon of Trustees
Apart from the first charity Trustees, ev6ry Trustee must be appointed for a temi of 12 months by a resolution
passed at 8 properly convened meeting of the charity Trustees.
Page 3

THE JOHN GRIFFIN FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibilities
The Trustees ar8 responsible for preparing the Trustees, report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Gen8rally 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 stste of affairs of the ch8rity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these fin8ncial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102);
mske judgments and accounting estimates that are reason8ble and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have b&en followed. subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless It is inappropriata to pre8ume that the
charlty will continue in business.
The Truste88 are responsible for keeping adequate accounting records that are sufficient to show and explaln
the charity's transactions and disclose with reasonable accuracy at any time the financial posrf(ion of the charity
and enable them to ensure that the financial statement8 comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also r88ponsible ft)r
Safeguarding the assets of the charity and henc& for taking reasonable Steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the member8 of the board of Trustees and signed on their behalf by..
J Grlffln
Trustee
Date..
3.r /a< /LQZts-
Page 4

THE JOHN GRIFFIN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Total
funds
2025
Total
fvnds
2024
Nota
Income from:
Investments
796
795
261
Total Income
795
796
261
Expèndlture on:
Charitable activitie8
1,200
1,200
1, 802
Total expenditure
1,200
1,200
1,802
Net •xpendlture b•foro not108808 on Inv•stmonts
Net108se8 on inve8tm•nt8
{406)
(40)
(406)
(40)
(1,541)
Net movement In fund8
1446)
(445)
(1,541)
Reconcillatlon of funds:
Total funds brought forward
Net movement in fund8
60,874
(445)
50,874
1446)
52,415
(1,541)
Total funds carriod forward
60,429
50,429
50, 874
The Statement of financial activities includes all gains and1088es recognlsed in th8 year.
The notes on pages 7 to 12 form part of these financial statements.
Page 5

THE JOHN GRIFFIN FOUNDATION
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Nots
Flxed assets
Investments
Current assets
40
Debtor8
Cash 8t bank and in hand
300
66,129
300
57, 134
56,429
57, 434
Creditors: amounts falling due within one
year
{6,000)
(6, 600)
Net current as80ts
50,429
50,834
Total assets less current liabllltles
60,429
50,874
Total net assets
60,429
50,874
Charfty funds
Restricted funds
Unrestricted funds
60.429
5Q, 874
Totsl funds
60,429
50,874
The financial 8tatement8 were approved and authorised for issue by the Tru8t808 and Signed on their behalf by:
J Grlffln
Trustee
Date: O ?. /£0
The notes on pages 7 to 12 form part of these financial statement8.
Page 6

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General Information
The John Griffin Foundation is a charitable incorporated organisation and incorporated in England and
Wales. Its registered office address is 1 Hanover Terrace, London, NW14RJ.
The members of the charity are the Trustees names on page 1. In the event of the charity being wound up
there is no liability to the members of the charty.
The financial Statements are presented in Sterling (£), rounded to the nearest £1.
Accounting pollcles
2.1 Ba818 of preparation of flnanclal statements
The financial 8tatements have been prepared in accordance with the Charitie8 SORP (FRS 102) -
Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities
preparing their accounts in accord8nce with the Financial Reporting Standard applicable in the 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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fail view and have departed from
the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fairf view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended
Pr8Ctice effective from 1 April 2005 which has since been withdrawn.
The John Griffin Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recogni8ed at historical cost or tranGactlon value unle88 Othenvise ststed in the
relevant accounting policy.
2.2 Golng concern
After making enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence and meet its liabilities as they fall due for the
foreseeable future, being a period of at least ￿e1ve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concern basis in preparin9 the financial
statements.
2.3 Income
All income is recognised 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 rneasu￿d 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 2025
Accountlng policles (contlnued)
2A Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt
to a third paty, it is probable that 8 transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking esch 8Ctivity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribLrte to more than one activity and support C08t8 which are
not attributable to a Single activity are apportioned be￿een those activities on a basi8 consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's usa.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charitls obje¢tiv88, as V￿11 as any a8SOCi8t&d 8UPPOrt C08t8.
All oxpenditure is inclusive of irr8coverable VAT.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notrfication of the interest paid or payable by the institution
with whom the funds are deposited.
2.6 Investments
Fixed asset investments are a fom of financial instrument and are initially recogni8ed at thelr
transaction cost and subsequently measured at fair value at the balance sheet date, unless the value
cannot be measured reliably in which cas6 rt is measured 8t cost le88 impaimient. Investment gains
and losses, whether realised or unrealised. are combined and presented as 'Gains/(Lo68es) on
investments, in the statement of financial activities.
Investments in assoclates are stated at the amount of the chartys share of net assets. The
statement of financial activities includes the charity's Share of the associated companies, net income
or expenditure using the equty accounting basis.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-tenm highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposrt or similar account.
Page 8

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles (contlnuod)
2.9 Llabilltleg and provisions
Liabilities are recogn ised 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 th• settlement can be estimated reliably.
Llabilities are recognisèd at tha amount that the charty antlcipates rf( will pay to settle the debt or the
amount it has received as advanced payments for the good8 or services it must provide.
2.10 Flnanclal instruments
The charity only hes financial assets and financial liabilities of a kind that qualify as ba8lc financial
instruments. Basic financial instruments are initially recognised 8t transaction value and subsequently
measured at their settlement value with the exception of bank loans which are 8ub8equently
measured at amortised cost using the effective interest method.
2.11 Fund accountlng
General funds are unrestricted fund8 which are available for u8& at the discretion of the Tru8tee8 in
furtherance of the general objectiv88 of thg charity and which have not been designated for other
purposes.
Investment income, g8in8 and Ios8es are allocated to the appropriata fund.
Investment Incorne
Unrestrlctfrd
fund8
2026
Total
funds
2026
Tol81
funds
2024
Investment income
795
796
261
Analysis of &xpendlturg by actlvltles
Support
costs
2025
Total
funds
2025
Totsl
funds
2024
other
1,200
1,200
1,802
Page 9

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees. remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Flxed ass8t Investments
Investmènts
a880clates
At 1 April 2024
Disposals
250,000
(260,000)
At 31 March 2025
At 1 April 2024
Impaiment on disposal8
249.960
1249,960
At 31 March 2025
Net book valuo
At 31 March 2025
At 31 Ma￿h 2024
40
Debtors
2025
2024
Other debtors
300
Credltors.. Amounts falling due wlthln one year
2025
2024
Other creditors
Accruals and deferred income
4,800
1,200
4,800
6,000
6, 600
Page 10

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Statement of fund8
ststement of funds - current year
Balance at
31 March
2025
Balance at 1
Aprll 2024
Galn81
(Losses)
Income Expandlture
Unre8trlcted funds
General Funds
60,874
795
{1,200
50,429
Stat8ment of funds - prlor year
Balance at
31 March
2024
Balance at
1 Apnl 2023
Income Expendlture
Unrestricted funds
Genaral Funds
52,415
261
(1,802)
50, 874
10. Anaty818 of not assets betw•on funds
Analy$l8 of net a88•ts b•tween funds - curr•nt y•ar
Unrestrfcted
funds
2025
Total
funds
2025
Current 8ssets
Creditors due within one year
58,429
(6,000)
56A29
(6,000
Total
50,429
50,429
Page11

THE JOHN GRIFFIN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Anajysls of net assets betwaan funds {continued)
Analysis of nat assets betwoan funds - prfor year
Unrestricted
lunds
2024
Tot81
funds
2024
Fixed asset investments
Current assets
Creditors due within one year
40
57,434
(6,6LXI)
40
57.434
(6,600)
Total
50,874
50.874
Page 12