Company No. 8305287 (England & Wales) Charity No. 1159425 GREENWICH INCLUSION PROJECT (GRIP) (a company limited by guranteed) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARLES OSEI, BSC, MSC, ACIE, MCIPP. AFA, ATA CHARITY INDEPENDENT EXAMINER IACCOUNTANT FLAT 3, 11 ROCHDALE WAY LONDON SE8 4LY
Grèenwich Inclusion Project (GRIP) Registered Charlty No. 1159425 Company Reglstratlon: 8305287 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Legal and Administrativ8 Detsils Trustees Report 10 Ind8pendent Examinerfs report 11 Balance Sheet 12 stst8ment of Financial Activities 13 ststement of Cash flow 14-22 Notes to the Accounts
Greenwich Incluslon Project (GRIP) Registered Charity No. 1159425 Company Reglstratlon: 8305287 ORGANISATIONAL PROFILE FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Chairperson Jacqui Thomas-Fasuyi Hadijah Mbabazi Kisembo Harcourt Alleyne Mary Budd Aiaib Singh Saib Kamaljit Singh Perhar June Selman Lara Paqu8t8 Pereira Treasurer appointed October 2023 Secretary Gilles Edmond Cabon REGISTERED OFFICE: Suite 7 Equitable House 7 General Gordon Square w001¢h London SE18 6FH BANKERS: Unty Trust Bank Four Brindley Place Birmingham 812J8 ACCOUNTANTS: Charles Osei. BSc(Hons), MSC. ACIE, AFA, ATA, MCIPP Flat 3, 11 Rochdale Way, Deptford London SE8 4LY Page 1
Greenwich Incluslon Project (GRIP) Registered Charlty No. 1159425 Company Registration: 8305287 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 GRIP is a local charity thatworks to tackle Race-based and Faith-based inequality and hate. Our aim Is to challenge inequ8Lity, eliminate discrimination and build good relations between people. Early in 2023, the Royal Borough of Greenwich (RBG) confirmed that GrlP's strategic race and faith equalities funding was being reduced in real terms. This meant we had to curtail GrlP's per8iStent participation in work to address inequalities in the criminaL justice system. particularly impacting on our involvement with Greenwich's Safer Nelghbourhood Board and Independent Advlsory Group. Despite this, GrlP contlnued to work with the Royal Borough of Greenwich on several Strategic initlatlves, receiving £47,125 in funding to deliver its Strategic EquaLity SLA. Key achlevement3 Nlght-tlme enterprlse zone In November 2022, the Mayor of London announced that Woolwich would be one of the new Night Time Enterprise Zones. Night Time Enterprise Zones help counclls, communities, and businesses to make use of their high streets around the clock and attract people to town centres for shops and services after 6pm. As a member of the Partnership Board. we reviewed the commissioning documents for the future management of Woolwich Front Room and brokered a partnership between Tramshed and Big Red Bus to submit a joint proposal for management of the space. GLLaB strategic partnership GrlP continues to be a member of the Greenwich Local Labour and Business Strategic Partnership Fowm. Having a presence here enables GrlP to have direct influence on, and to directly support, programmes and planning designed to improve employability and remove barriers for migrant communities seeking work in the borough. ESOL Network GrlP continues to co-ordinate and chair meetings of Greenwich ESOL Network, of which there were two during th8 summer months. The emphasis of this group is to reassess the range of community-based ESOL opportunities.
Greenwich ESOL Network's review of benefits and impacts foLlowingthe flrst year of operation did not progress as well a8 W8 had hoped. with veryfew network Members responding to requests for reflections and opinions. This was matched with a significant dwindling of attendance at meetings. The most heavily invested members set to canvassing others to determine if there was Sufficient interest in maintaining this group. The results of this canvas shouLd be available soon. While we waited, delivery of ESOL provision continued under GrlP's Greenwich Afghan Resettlement SeNice. Stand Agalnst Raclsm (STAR) and Housing GrlP was engaged as an external stakeholder in the final sign-off of RBG'S Housing Race Equality strategy. We continued to support the implementation of the strategy as a member of the working group. This strategy was designed to secure implementation of the UK Social Housing Anti-Racism Pledge {SHARP}. and the Royal Borough of Greenwich was the first local authority to commit to implementing it. Somall Communlty Network Work was undertaken to establish a constituted organisation to enable structured representation of all the Borough's Somali cornmunities. A community workshop held on 23rd May 2023 to conduct an initial assessment of community needs and concerns was attended by 110 participants. As well as 8xploring the level of support tor 88tabLi8hing a communlty org8ni88tion, thi$ avant also sought SomaLi community views and experiences of service provision within several themes, such as housing and communication support. The result otthis work is being compiled into a report that will be distributed to all local authorities and the VCS, which we hope will guide them in supporting Somali communities. Woolwlch Carnival Assoclatlon (WCA) WCA'S mission is to bring all communities in Greenwich together in appreciation of all of our culture8 and local talents, in a community driven celebration where everyone 18 supported to participate and get involved. Much of September 2023 was focussed on delivery of Woolwich Carnival. GrlP's off icer led on the key infrastructure for the carnival and recruitment and briefing of volunteers for the day. At the carnival itself. GrlP's officer was responsible for centraL co-ordination and administration. The carnival engaged the whole local community, creating an environment where local people could share and bond. develop an understanding of different cultures. and participate in activities that were fun for all. GrlP continues to support the development of the WCA as a constituted body capable of applying for charitable Status.
Development and communlty engagement GrlP participated in a consultation for the Council's new Community Resource Strategy. We also attended the Greenwich Launch of the Metropolitan Police's strategy, "A new Met for London". GrlP'8 CEO and Chair met with representatives ofthe Woolwich Local Traders Association to discuss their concerns regarding the proposed Compulsory Purchase of proparties to enable the Woolwich Gateway development to proceed. The traders described representations made to a local planning board of inquiry and explained that theywere still awaiting the outcome of the hearings. It was agreed that there would be further discussions when the Board's findings had been published. GrlP's officer supported a local 8rts organisation {TACO!) to consult for the establishment of a memorial for Rolan Adams who was killed in a racist attack in Thamesmead in 1991. We worked wlth Tramshed to develop a programme of relevant public events 8nd activities to be delivered durlng Refugee Week. Fundlng was obtalned from the RBG Community Festivals Fund which was used to commission two performances of the th production"The Komag8ta Maru Incident". which took pLace on 20 and 2181 June 2023. Publlc Health We attended Stakeholder meetings to review the Public Health Deep Engagement exercises, making recommendations forfuture engagement to be targeted to address measurable and objective inequ8litie8. GrlP's officer particlpated in a consultation conducted by Groundworkto inform the application process and distribution strategy of the new Greenwich Healthier Communities Fund, We supported community and patient representatives in NHS procurement or evaluatlon exerclses. In each case we assisted the relevant NHS organisation to recruit local resident representatives from minority communities and we administered the remuneration to those representatives. RBG Public Health has received £100,000 from the nationaL"Contain Outbreak Management Fund- (COMF) and is pLanning to use the funding to address community well-being among those communities that experienced greatest impact on mental health and well-being duringthe pandemlc. An initial project, delivered by Recovery College, to enhance community awareness of mental well-being did not engage 8ffectivelywith people from minoritized communities, therefore the COMF will be used for remedial activities. GrlP's officer continued to meet with public health officers and project planning groups to plan and develop community engagement activities which informed distribution of the £100.000 received from the COMF.
GrlP was also represented at the inaugural meeting of the Greenwich Suicide Prevention Partnership, the Public Health Suicide Prevention Strategic Group. and the Public Health 100-day Blood Pressure Challenge Community Workshop. Unlverslty ot Greenwlch research The Peer Research Project, in association with the University of Greenwich. began with five individuals from migrant communities training to become peer review researchers. Following the training, the individuals conducted interviews with other members of their specific communitie8 to provide research data regarding access to, and quality of, services in the Borough. The firstjoint peer research project is complete. Discussions are underwayfor a second programme researching migrant experiences of access to social housing and quality of Service. We have further engaged in University of Greenwich research to assess the effectiveness of Sanctuary initiatives. Additionally, we supported a University of Greenwich Arts and Humanities Research Council application for a research grant to examine the effectiveness of co-produced solidarity practices for urban inclusion of migrants. If the application is successful, it will provide an opportunity for further peer research projects with the university. Gr06nwlch Afghan R•s•ttlom•nt Sarvi¢o (GARS) The Royal Borough of Greenwich commissioned GrlP to run its Afghan resettlement service in April and received £111,559 in funding for this purpose. In the years prior, Afghan refugees had been supported directly by RBG. GARS facilitates essentlal services to help Afghan famiLies to establish Stable and independent Lives. This work includes assisting with housing, utilities. school enroLment, ESOL education, accessing benefits, translation services. healthcare appointments, and employment. Each family needs something different, so additional support is tailored to meet their needs. Familles receive three years of 8UPPOrt, with more intensive support offered in the first year. In 2023-24, 19 Afghan families were successfulLy settled. Royal Borough of Greenwlch communlty-based hate crlme servlce GrlP received £90,000 to fund the Royal Borough of Greenwich community-based hate crime service under its Hate Crime SLA. This was delivered in partnership with two other organisations from the local voluntary and community sector (VCS)= Metro and MetroGAD. GrlP focused on addressing hate crimes targeting race, religion, faith. and belief, while the other two partners focused on disability, sexual orientation, and gender identity. GrlP advocates on behalf of victims across a range of agencies and departments, ensuring that they are working in coordination to tackle harassment. This advocacy
seeks to ensure that all solutions 8re explored, which may include referral to various housing options. and developing better engagement with housing off icers and the police to systemis8 the collection of evidence showing the extent of the harassment. Advocates also support individuals through police investigation processes. taking actions against the perpetrator8, and liaise with the Anti-social Behaviour Team at RBG to explore civil remedies alongside criminat outcomes. The advocacy service aims to: Be part of a coordinated community response in tackling hate crlmeslincidents in Greenwich. Ensure a robust and holistic approach is taken in supporting victims and tackling perpetrators of hate crime, Ensure the provision of advice. information and signposting, and facilitation of access to support and other relevant services. Promote awareness of and encourage hate crime reporting. Ensure that front line professionals have the skiLLs, information, and confid8nc8 to identify hate crime, and support and refer victims appropriately. Effectively contribute to th8 work of the Hate Crime Strategic Partnership group. During 2023-24 GrlP provided direct 8UPPOrt to 59 individuals. ALI were subject to more than one incident with h8r88sment being the predominant offence. The Service received 28 new referrals and cases were open for 25 of these referrals. GrlP's c8se work model is holistic and robust: victims are informed of their rights within the Victims Code, Data Protection, and Human Rights fr8meworks. Service delivery is victlm-centred, with the aim of enablingvictims to manage incidents independently. In addition to increasing resilience and reducing risk, GrlP also: Made numerous referrals to counselling services. Assisted with complaints to the Housing Ombudsman and the Metropolltan Police. Assisted two clients in making claims for criminal injuries. GrlP continues to deliver training and briefings to a wide cro88-section of the community and professional organisations to challenge hate crime and its effects. Work was undertaken with housing associations, further education colleges, the University of Greenwich, and a local charity. GrlP also provided regular inputs for the Royal Borough of Greenwich's Tenancy, Adults, and Children's services. and other departments. Written briefings were sent to Greenwich Adult Services and The Metropolitan Police's Safer Schools Partnership.
GrlP is a member of and regularly attends: The Royal Borough of Greenwich Hate Crime Strategic Partner meetings (quarterly) Greenwich High Harm Panel (monthly) Borough of Sanctuary (BOS) GrlP received £34.892 in funding to continue to develop the Royal Borough of Greenwich (RBG) as a Borough of Sanctuary (Bos) in 2023-34. We participated in the assessment of the Council's application to be formally recognised as a Bos, including making a number of recommendations to their improvement plan. After this. RGB received conditional status, having met the minimal standards as a Bos. GrlP18 a key partner in the Community Based Borough of Sanctuary meetings and Is working with key RBG offlcer8 to plan a programme of action to enhance and sustain the accreditatlon. Themes expLored at the meetings have included the Integrated Care System's plans for"Safer Surgeries": coordinating activities and promotion of events for Refugees Week; issues regarding access to ESOL for refugees and other migrants in Greenwich; and access to housing for refugees. GrlP co-ordlnated the presence of an outreach and awareness raising stall In General Gordon Square durin8 Refugee Week, en8a8lng 8UPPOrt from three partners from the Borough of Sanctuary community group. The event created an opportunity to engage with significant numbers of the public and to recruit additional members for the communitygroup. As a member ofthe Bos Community Reference Group, we worked with RBG councillors and other organisations within the group to support asylum seekers housed at Greenwich Ibis who were due to be relocated to Bedfordshire. 35 of the residents strenuously oblected to the removal havlng developed Significant local community links. GrlP was able to secure speci8list legaL opinions for each of the residents resulting in their continuing residence in London while waiting for decisions on their asyLum applications. There were conflicting approaches when residents were first due to be removed from the Ibis. In response, we convened a meeting between core Bos representatives and councillors to better co-ordinate our approaches and ensure the actions and advice of supporters would not jeopardise resident's asylum claims. A8 a result of this a liaison group was launched, comprising representatives of the Home Office, Clear Springs, RBG cabinet and officer8, GrlP, and a local Migrant Rights Network, to establish better local participation in provision of support for residents at"eontingancy" hotets. This was the first group of this kind anywhere in UK and we hope may serve as a model for the
Asylum agency in other parts of the country. Key discussions took place around how to support refugees through the"Stre8mlined Asylum- process and proposed "maximisation" of occupancy at the remaining two contingency hotels in Greenwich. GrlP's officer met with senior managers at RBG'S Housing Inclusion Services to agree an approach to streamline housing registration and assessments for residents of the contingency hotels who received positive decisions on their asylum applications. Greenwlch Incluslon Project {GrlP) Reserves Pollcy GrlP requires a Level of free reserves to safeguard the organisation, protect options for future development and to achieve the following: The option to develop new services or expand current ones in line with the changing needs of the community. To ensure that delay8 in the receipt of expected income do not interrupt services or cause serious financial difficulty for the charity. The ability to survive unexpected setbacks and problems arising from internal or external causes. The charity's policy 18 to achieve and maintain a balance of free reserves at a level that would equate to 10% of tot81 unrestricted expenditure. 'Free reserve8, 18 the balance in the Unrestricted Funds available for general purposes. The baL8nce of free reserves at the end of the year 2023124 was £11,665 (2022123, £11.665), and so not yet at the level we were aiming for and remain working towards. // Jacqui Thomas-Fasuyi Date Chair
Greenwich Inclusion Project (GRIP) Registerad Charity No. 1159425 Company Reglstratlon: 8305287 INDEPENDENT EXAMINER'S REPORT ON THE FINAN TO THE TRUSTEES OF GREENWICH INCLUSION PROJECT TATEMENT GRIP I report on the financial statements for the year ended 31 March 2024 set out on pages 11- 22. This raport is made solaly to th8 Trust8as of Gra8nwich Inclusion Proj8ct (GRIP), as a body, in accordance with regulatlons made under sectlon 145 of the Charltles Acl 2011 and Charfty SORP (frsse). My work has been und8rtak8n so that I might state to the Trustees matters l am required to state to them in an Independent Examlnevs report and for no other purpose. To the fullest extent permltted by law, I do not accept or assum8 r8sponsibility to anyone other than the Charity and Charity's trust88s for my indépendent examlnatlon work, for thls report, or for the ststement I have glven below. Re8peCtI rnsponsibllitle8 of Trusteè8 and Independent examlnor As charity trustees, for the purposas of charity law, ar8 responsible for the prep8rats.on of th8 financial statem8nts. th8 Trustees consider that an audlt Is not required for thls year under section 14412) of the Charities Act 2011 {th8 Act) and that an independent examination is ne8d8d. Having satisf18d myself that the Charity is not subj8Ct to an audit under company law and is 81igibl6 for Independent examln8ts'on, it Is my responslblllty to: a) exemlne the accounts under Section 145 of the 2011 Act., b) follow the proc8dures lald down In the gen8ral Dlrectlons glven by the Ch8rlty Commissloners under sectlon 145(51(bl of th8 2011 Act: and c) stsle whether particular matt8rs hav8 come to my attention. Basls of Independent examlnerfs statemènt Since the Chatlvs gross Income exceeded £250,000, your examiner must be a member of a body Ilsted in section 145 of th8 2011 Act. I confirm that l am qualified to und8rtake the examination b8cause l am a member of the Institule of Financial Accountants UK. whlch Is one ofth8 Ilsted bodles, as w811 as full member of Association of Charity Ind•p6ndent Examiners. My 8xamination was Carrièd out in accordance with th8 g8n8ral Directions given by the Charity Commission. An examlnation Includes a revlew of the accounting records kept by the Charity. and a comparlson of the accounts presenled with those records.11 also includes consideration of any unusual items or disclosurès in the accounts and seeklng explanations from you as Trustees ¢onceming any such matters. The procedures undertakan do not provide all tha avidence that would b8 required in an audit, and consequently no opinion is glven as to whether the accounts present a Irue and fair view" and the reports limited to those matters set OLrt in the sLgtement on the naxt page. Page 9
Greenwich Inclusion Project (GRIP) Registernd Charity No. 1159425 Company Registratlon: 8305287 INDEPENDENT EXAMINER'S REPORT ON THE FINANCIAL TO THE TRUSTEES OF GRENWICH INCLUSION PROJECT TATEMENT GRIP Independent examlnerf5 Statement In conn8Ction with my 8xamination. no matt8r has com8 to my attention: 1) which giv8s m8 reasonable cause to believe that in any material r88P8Ct th8 r8quir8ments al to ka8p accounting records in accordance with Section 130 of th8 Charities Act., and b) to prepar8 accounts which accord with th8 accounting records and comply with the accounting requirements of the Charltles Act h8ve not been m8( or 2) to whlch, in my oplnlon. attention should be drawn in order to enable 8 proper understanding of the accounts to be reach8d. 12 Charles Osei, Bsc (Hons), MSC, ACIE. AFA, ATA, ACIPP Flat 3, 11 Rochdale Way Deptford London SE8 4LY Dat8 . [03 125 Page 10
aroonwlch In¢klop Project (GRIPI Re918 Charlty No. 1159425 Company Registrntion: 8305287 BALANCE SHEET 2022123 Fixed A588ts 11 Current A55ots Debtors Cash at Bank 8fKI In harKI 3,378 108,620 18 83.220 Creditor8 Amount duev•thlnoOn6 Yaar Other Cr8dllor8 13 (1.600) 15.443) NetA68etslLlabllli88 81 3 106558 Genoral Fund8 11,885 11.665 Restrlcted Funds: 89.958 81.623 106.$51 The ¢harltabie MpanY 6ntsd8d to èxernpuon from audtt under Secllon 477 oflhe Companl&s Aot 2OCfj fcw tho ar énded 318t Marth 2024. Tho mambers hav8 not rawlred th8 company to obtsln an audlt of ils fln8nclal 8talem8nb forlhe yaar onded 318t M8rch 20ZJ In wrtt8n¢e th Secdon 476 oflh¢ Compan188 AGt 2006. The trusteeSg¢knowdg& thèir ponSIbIlItIeS f¢r 1} 6n6urlng thatth8 ch8rllabl8 oompany keeps 8cwJnllng roc)ydsthat compty th SoCtlon8 386 snd 3B7 of the ComponteB Act 2006 and 111 proparlng flwnclal slatsmgnts which glva a tru8 and falr viaw of tho State of 8ffslrs of th9 ehdrltable ¢ompBny 86 ot tho ond of oach finandal yo4r And ol Its Burplus or d8fglct for 88ch financlal year In 8ccordan¢g the requtr8m•nts of Section 394 and 395 and which otherwlsè comply vltth th6 roqulremerrts of tho Companlas Act 2006 relatlng to Iln8nclo1 statements. ¥0 f8r08 op1¢able to the charllabla comp9ny. These flnanclal st£lemènt8 hava bè8n preparéd In aCrdanC• wth Iha Pfovl810rn applteabl& to ¢h8rtt8bt8 compBn18s subi8ctto the small ¢ompanles reglme. Thg financ18 statem ts wgra approved byth8 Board of Tru8te8$ and euthorised for l#sue on aNI wer8 slgned on Its b8haif by. a¢qth Thom•S+asl Chalr rt Allayno Tr•asurer Paga11
Greenwich Inclusion Project {GRIP) Reglstered Charlty No. 1159425 Company Registrat5on: 8305287 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2023124 2022123 Unrestrlcted Funds Restrlcted Funds Notss Total Funds Total Funds Resources Arlslng Donations and Legacies 125 Income from Charitable Activities 54,394 236,771 291,165 292,816 Other Income 6,160 6,160 5,348 Other Income Total Income 60,554 236,771 297,325 298,289 Dlrect Charftable Expendlture 87,152 201,992 289,144 266,165 Support C08t 33,116 33,116 Total Expendlture 120,268 201,992 322,260 266,165 Re8our¢e8 retainad for further use (59.714) 59,714 34,779 {24.935) 32,124 Transfer between Funds (59.714) Net Movemont in Funds {24,935) (24,935) 32,124 Reconclllatlons of Funds Brought foNard 0110412023 11,665 94,893 106,558 74,434 Carrled forward 3110312024 11,665 69,958 81,623 106,558 The company made no recognised gains and losses other Ihan those reported in the income and 8xpenditure account. Page 12
Greenwlch Inclusion Project (GRIP) Reglstered Charlty No. 1159425 Company Registratlon: 8305287 STATEMEN F CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2024 2023124 2022123 Notes Cash flows from operatlng actlvltle8 Cash generated from operations 17 {25.400) 47,397 Net cash (used in)Iprovided by oparating activites (25.400) 47,397 Change in cash and cash equivalents In th• reportlng perfod (25,400) 47,397 Cash and cash èquivalents at the beglnnlng of the reporting period 108.620 61,223 Cash and cash 8qulvalants at the and of the reportlng parlod 83,220 108.620 Page 13
Greenwich Inclusion Project {GRIP) Raglstered Charity No. 1159425 Company Registration". 8305287 NOTES TO THE ACC UNTS R THE YEAR ENDED 31 MARCH 2024 1. Accountlng Pollcle3 Basis of Preparation. Th888 accounts hav8 b88n pr8par8d on an accrual basis and includ8 incom8 and 8xpgnditur8 as they are eamerj or InCurd, rather than a5 cash received or paid. Reference to the "Charities SORP. refers to the Charites SORP (FRS 1021: Accounting and Reporting by Charities.. Statement of R8commend8d PractlC8 appliCae to charities preparing their accounts in accord8nce wlth the Flnancl81 Reporting Standard applicable in the UK and Republic of Ireland. 2nd edition effective 1 January 2019, and in accordance with the Companles Act 2006. 10. Income All Income Is recgnlsed once the Charity has entitllement to the Income, It Is probable that the income will be received, and the amount of incom8 r8C8ivabl8 can b8 m8asur8d reliably. Grants ar8 indud8d in th8 Stat8m6nt of financial activities on a rec8ivab18 basis. Th8 balance of incomg re¢elved for speclflc purposes but not explended during the perlod Is Shown In the relevant funds on the Balanc8 Sh88t. Where incom8 is received in advance of 8ntitlement of receipt, its recognition is deferred and Included in credltors as deferred income. Where enlltlement o¢ours before income18 recelved, the Income is accrued. Incom8 tsx r8COV8rabla in relation to donations recelv8d und8r Gift Aid or deeds of covenant is recognised at the tlme of the donatlon. Income tsx recoverable In relatlon to Investment Income Is recognls8d at the tlme the Investment income Is re¢eivabla. 1b. Expendlture Exp8ndilur@ is r6¢0gnised once there is a18gal or consrtru¢tlv8 obligation to transfer ecenomic b8nefit to a thSrd party, It Is possible that a transfer of economlc benefits wlll be requlred In settlement and the amount of the obligation can be measur8d reliably. Exp8nditur8 on charitable a¢tiviknes is incurred on diractly undertaking the activiti6s which furth8r th8 Charity's oblectlves, as well as any assodated support costs. All expenditure is inclusive of Irrecoverable VAT. 1c. Government grants Govemment grants a credlted to the Ststement of financial advlties as the related expendlture Is incurred. 1d. Fund aGcountlng Unrestricted Funds are receivable or generated for the objects of the charity without further specified purpose and ar8 available as general funds. Restricted Funds are subjected to restrictions on thelr expenditure imposed by the donor. Designatèd Funds ar8 unrestricted funds but 8amlaed by the trustees for particular purpos8S. le. Penslon costs and Other post•retirement benefits The charltable company ioerates a defined contributlon pension scheme. Contributions payable to the charitable COMpanS pensions scheme ar8 charged to the Stat8ment of Financial Aclivities in the pariod to which they relate. Page 14
Gre8nwi¢h Inclusion Project (GRIP) Reglstemd Charity No. 1159425 Company Reglstratlon: 8305287 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 le. Taxation The Charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of irhe Finance Acl 2010 and therefore it meets the definition of a ¢harilable company for UK corporation tax purpos85. Accordlngly, th6 Charity is potentialty exempt from tsx8tion in respect of income or capital gain5 received within categories Covered by Chapter 3 Part 11 of the Corporation TaxAct 2010 or S8ctson 256 of the Taxation of Ch8rgeable Gains Act 1992, to the exztent that such income or gains are applied exclusively to chantable purposes. 1f. Dobtorn Trade and other debtors are rcognis8d at the settlement 8mounL Prepayments ara valued at amunt prepaid. lg. Cash at bank and In hand Cash at bank and in hand includes cash and short-t8m highly liquid investments with a short maluity of three months or18ss from the date of aGqulslllon or openlnlg of th8 d8POSIt or similar account. 1 h. Llabllltles and provlslons Liablllll8s aré recognlsed when there is an obllgatlon at th8 balance sheet dats as 8 result of a past evant, It is probable that 8 transfer of èconomic ben8fit will be required in settlement, and the amount of Ihe setdement can be &sllmated rellabSy. Liabilities are reco9nSs8d at Ihe amount that the Charity antlclpal8s it will pay to settle the dèbt or the amount il has received as advanced payments for Iha goods or $8Nices it must provide. Provisions are measured at thè bast estimate of the amounts r6quir8d to settle the oblig8tion. Wh&ro the effect of the time value of monéy Is materlal, the provislon Is bas8d on the present value of those amounts, discounted at the prÈ-tsx discount rate that reflects the risks specific to the liability- The unwinding of the discount is recognlsed In th8 Ststement of financlal actlvlll8s as a fln8nce cost. 11. Financial Instruments Thg Charity only has financlal assets and finarbGial li8bilitI8s of a klnd that qualify as basic financial instruments. Basic financial instruments ar8 initially recognised at transaclion value and subsequenuy measured al Iheir selllement value wlth th8 8xcceptlon of bank loans whSch are susequenljy measured at amortised cost using Ihe 8ff8Ctive interest method. 11. Crltlcal accountlng ostimatos and areas of Judgement Estimat8s and judgements are continually evaluated and are based on historical experience and other factors, ncludlng exp&ctat6ons of future events that are believed to be reasonable under the clrcumstsnces. The Charlty does not currently have any signrficant accounting estimates or areas of judgement. 1 k. Tangible Fixèd Assets Equipment and other tsngible fix6d assets 8re capitalised when the Cost is £500 or more Depreciation is provided at th8 following annual rates in order to vllite off each assst over its estimated useful life. Plant and machinery Fixtures and fittings Computer equipment straight line over 3 years straight line over 3 years straight line over 3years Page 15
Rogistered Charty No. 1159425 Company Rggistratlon." 8305287 NOTES TO T UNTS FOR THE YEAR ENDED 31 Unrnstrletèd RtrIct•d 2 INCOME FROPII CHARrrABLE ACTIVITIES 2024 2023124 2022123 RBG Hat8 Crimg SLA R8G Str8t8gic Equalty SLA Sanctuary Project Public Health CDtntnunity EngageFn8nt London Communty Fund- Jubslee Award RBG Community Sut¥)ort Grant RBG Warm Space8 Granl MOPAC Klck5tart Other Funding Grants Gre6n¥Ch Afghan R&sottl&m8nl Communlty Innov&lr¢n8 Grant BHM 26.100 19,994 63.WO 27,131 34,892 90,000 47,125 34,892 90.0 44,431 35,OCK) t2,756 10.000 8.95S 3.000 3.877 5,426 6,595 111,559 995 8,3CKJ 103,259 71,511 7,860 292,816 3 OTHER INCOME Unr••trlct•d 2024 2024 2023124 2022123 Dw8tions Room hire Memb8rshlp Incom Livewell Partnership Board Charfton Alhl8tic Communlty Tru81 Unlvgrsty of Gr80n Pa$r R8saarch Other Incorne 15 220 17 1,130 15 220 17 1,130 2,449 1,500 829 4,100 1,248 2.449 1,500 829 4 CHARITABLE ACTIVITIES COSTS Dlr•ct Co•t• {••9 not• 51 Support CoBt• not• 61 Total Ch8rf18bl¢ Actlvlllos 5 DIRECT CHARITABLE ACTMTie8 Unr••trl¢t•d 2024 Ro•trf¢tsd T¢)tal 2023124 Tot81 2022123 2024 Staff costs Promolk)n8 & AdvgrN$lng GAD Suon1rCt RBG Hate Crime SLA Metro su1cOntraCt R8G Hate Crimo SLA Vduntoor trxwn$os Evonl costs Trav81 and sub8isl8nce Recruilmenl Stsff Dgvolopm9nt Examlners f88 PayToII cost Bank chBrggS Storage cost AGM expensgs & Annual Report S8nctuary project direct costs lrtngfenced) GARS Proied {ringfeneedl MHCLG P¥oj6ct {ringfencedl Office Expenses - slaff travel REAB Dgvdopmtrnt cost Wgmi Spaces Community Innovations Grant IrirwfatKod) Community Fridge Expenditure lringfencedl Universlty of Greenwch Project Iringfgncedl Community Innovgtions Grant IGrlP delNery) Total 81,309 373 127,175 208,484 373 10,000 21,000 451 9.160 28 149,730 466 7,500 21.000 427 1.650 41 429 402 1,400 942 139 10,000 21,000 451 9,160 28 1,600 1,071 126 1,692 502 1,600 1,071 126 1,692 502 2,212 873 1,890 729 5.663 2.212 873 3.551 11.421 7,500 1,680 25,14S 2,353 1.680 25,145 2,353 504 33,758 4,179 266 165 Page 16
Yreenwicn InGiusion VroJe Rogislered Chaiity No. 1159425 Company Registration: 8305287 TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAR 6 SUPPORT COSTS Charltable Actlvltlas 33,116 Support costs, i]U9d al>ovo. arg as follo. 2024 Charitable activities 2023 Charitable actlvitias Premises ts)st Insurance Office running ¢ost Printing. postage. $tstion&ry and telephone IT & MaintenanGe Membership and Isubscriptions Office conligen¢y Office subsisten¢c8 Photo¢opier Hire and $ervi¢ing Photocopier- printing ¢harges StslionerylPo$tagelCourier Telecommuni¢ation$ Totsl 12,500 1,527 13,794 1,444 5.267 6.154 5.480 320 217 385 4,643 3,715 147 4,182 33,116 26,659 7 NET INCOMEI(EXPENDITUREI 2023 2023 D8perclalon- ovmed assets 8 TRUSTEEES. REMUNERATION AND BENEFIT8 There V•pre no tru518e's rernuneratlon or oth8T benefits for the year ended 31st March 2024 nor for tho 81 ended 31st March 2023. TRUSTEES. BENEFrr8 There were no trustees, 8xpen5e5 paid for the year ended 31st Marth 2024 nor for the year ended 3151 March 2023 9 STAFF C08T8 2024 2023 Wages and s8lari8$ Social security costs Other penslon costs 191,801 12,703 3,980 208,484 131,538 11,484 6,708 149.730 The av8fdg8 monthly number ol employees during th8 year was as follows.. 2024 2023 Full-time Part-lime Page 17
Greenwich Incluglon Project (GRIP} Registered Charlty No. 1159425 Company Registratlon: 8305287 NOTES TO THE ACC NT FOR THE YEAR ENDED 31 MARCH 2024 9 STAFF COSTS *continued No employees rec8iV8d emoluments in exc85s of £60,000. 10 INTANGIBLE FIXED ASSETS Computer Softwarg COST Al 1st Aprfl 2023 and 31st March 2024 5,040 AMORTISATION Al 1st April 2023 and 31 st March 2024 NET BOOK VALUE Al 31st March 2024 Al 31st March 2023 11 TANGIBLE FIXED ASSETS Flxtur85 and Flttlng8 Plant and machinery Computer oqulpment Total8 COST At 1st Aprll 2023 and 31 st March 2024 6,474 2,426 4,180 13,080 DEPRECIATION Al 1 st April 2023 8nd 31st March 2024 6,473 2.425 4,179 13,077 NET BOOK VALUE At 31st March 2023 At 31st MarGh 2022 12 DEBTORS: AMOUNTS FALLING DUE THIN ONE YEAR 2024 2023 Charlton Athletic Communlty Trust ICACT) Job Ladder Metro Other debtors 2,449 429 500 3,378 Page 18
Groonwich Inclusion Project (GRIP) Reglsterod Charlty No. 1159425 Company Reglslratlon: 8305287 NOTES TO THE ACCO NT FOR THE YEAR ENDED 31 MARCH 20 13 CREDITORS: AMOUNTS FALLING DUE WITHlhl ONE YEAR 2024 2023 Social security and oth8r tax8S Pensions Accrued 8xpens88 2,639 557 2,247 5,443 1,600 1,600 14 ANALYSIS OF NET ASSEfs BEfwEEN FUNDS 2024 Total funds 2023 Total funds Unro8trlctsd fund R88trlcted fund Fixèd 8SS8ts Curr8nt asS8ts Curr8nl Liabilities 83,220 83,220 1,800 81.620 141,205 81,623 135,762 15 MOVEMENT IN FUNDS N•t movemenl In funds At 31.3.24 At1A23 Unr8Strlcted funds General fund 11,665 11,665 Restricted funds R8strlct8d fund 94,893 136,305 124,9351 69,958 81,623 Net movement in funds, induded in the above aré as follows.. Incomlng resources Resources exponded Movernont In funds Unrestricted funds General fund 60,554 120.268 159,7141 Restricted funds Restricted fund 236,771 201.992 34.779 TOTAL FUNDS 297,325 322,260 24,935 Page 19
Greenwich Inclusion Project (GRIP) Reglstered Charlty No. 1159425 Company Reglstratlon: 8305287 NOTE8 TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 15 MOVEMENTS IN FUNDS - contlnued A current year 12 months and prior year 12 months combingd net rnovement In funds. Included In th8 above are as folk)ws: Incoming re8ources Roour¢os expended Movement In funds Unrestrlcled fund8 General fund 124,877 209,466 (84,589) Restricted funds Restrlct8d fund 479,037 378.959 100,078 TOTAL FUNDS 603 914 588,425 15,489 16 RELATED PARTY DISCLOSURES There were no related party transactions for the year 31 st March 2023. 17 RECONCILIATION OF NET (EXPENDIYURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lexpendltur811Sncome for the reportlng perfod (as per the statement of financial activities) Adlustmenl for.. Depreciation charges Ilncr8ase}Idecrease in detors Increaselldecrease) in creditors Net ca8h Iusod In)Iprovlded by 0ratIOnS (24,935) 32,124 3,378 3,843 25,400 15,134 139 47,397 18 ANALYSIS OF CHANGES IN NET FUNDS At1A23 Cash flow At 31.3.24 Net Cash Cash at Bank and in hand 108.620 108,620 108,620 25,400 25,400 25,400 83.220 83,220 83,220 Totsl Page 20
Greenwich Inclusion Project (GRIP) Registered Charlty No. 1159425 Company Registration: 8305287 DETAILED STATEMENT OF FINANCIAL ACTIVITI R THE YEAR ENDED 1MAR 24 2024 2023 INCOME AND ENDOWMENTS Charitable activities RBG Hale Crime SLA RBG Slrat8gic Equality SLA Sanctuary Projecl Public Health Communlty Eng8g8m8nt Othèr funding MOPAC RBG REAB D8v8lopm8nt Kicislart MHCLG Community Innovations Granl Greenwtch Afghan R8settl8m8nt BHM 90,000 47,125 34.892 90,000 44,431 35,000 12,756 21,955 3,877 6.595 5,426 995 111,559 71,511 7,860 291,165 292,816 Other Incoma 2024 2023 Other Incorne Room hire Membership Incom8 Donations & Lggacy 5,908 220 17 15 6,160 4100 1248 125 5,473 Total Incomlng resource8 297,325 298 289 EXPENDITURE Charltablo actlvltl•s 2024 2023 Waggs Social security Pensions Advertising GAD Sub-contract RBG Hate Crkne SLA Metro suContraCt RBG Hat8 Crime SLA Volunteer expenses Event costs Travel and subsistence CRB costs Recruilmont Staff Development IT support and mainten8nce Professional subscription Storage Su101a1 carried foNrd 191,801 12,703 3,980 373 10,000 21,000 451 9,160 28 131,538 11,484 6,708 466 7,500 21,000 427 1,650 41 429 402 5.480 320 1.692 256.987 181,645 This page does not form part of the statutory financial statements Page 21
Greenwich Inclusion Project (GRIP) Reglstsred Charity No. 1159425 Company Roglstratlon: 8305287 DETAILED STATEMENT OF FINANCIAL ACTlVtriES FOR THE Y NDED 31 MARCH 2024 CONTD 2024 2023 Sub-totsl brought forward 256,987 181,645 Examiners fee PayToII Gost Bank charges AGM gxpens8S Consullancy s8rvicés Depreciation Santuary projact direct cost (ringfenced} MHCLG Projert (ringfenced) Kirkstart s81-up costs Premlses ¢osts Officé Expénses Insurance and indemnity Pnnting, postage, station8ry and telephon8 Photocopier Hlre and s8rvlclng Community Fridgè {ringféncéd) Universty of Gr88nwch Prol8Ct {rlngf8nc8d> Warm Spaceg {ringfence(l) REAP Devgloprnent cost Community Innovations Grant (ringf8nc8dl GARS ProJect(dngfenc9d} Community Innovations Grant (GrlPI Total 1.600 1,071 126 502 1,400 942 139 729 2,212 1,890 5,863 3,551 12.500 602 1.527 8,043 4,643 2,353 504 1,680 13,794 5,267 1,444 6,154 7,500 33,758 25,145 873 4,179 266,165 322,259 Net (expendlturo)Ilncome 24.934 32,124 Thls page does not fomi part of the statutory financial statements Pag8 22