CHARifi REGISTRATION NUMBER: 1160399 Grayling Charitable Trust Unaudited Financial Statements 31 March 2024 WILLS BINGLEY LIMITED Chartered Accountants St Denys House 22 East Hill St Austell Cornwall PL25 4TR
Grayling Charitable Trust Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Statement of cash flows Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 14
Grayling Charitable Trust Trustees, Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative detsils Registered charity name Grayling Charitable Trust Charity registration number 1160399 Principal office 122 Wigmore Street London W1U3RX England The trustees Mr N H Byrom Mrs N J Byrom Mrs E L Bowman MrJCC8yrom The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provision of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rupblic of Ireland {FRS 1021 (effective 1 January 2019). Independent examiner Paul Smith FCCA Wills Bingley St Denys House 22 East Hill St Austell Cornwall PL25 4TR Structure, governance and management The Grayling Charitable Trust is constituted as a CIO - Foundation, Registered 09 Feb 2015 and is registered charity {number 1160399). The Trustees who have served during the period are set out on page 1. The declaration of trust states that the number of trustees shall not be more than twelve. The power of appointment of new trustees is vested with the settlor or by resolution of the meeting of trustees. The Trustees meet periodically to assess grant applications and donations are made on a regular basis_ The Charity intends to make grants to organisations and individuals in line with its charitable objectives
Grayling Charitable Trust Trustees. Annual Report (continu Year ended 31 March 2024 Objectives and activities The objectives of the Charity are general charitsble purposes to the benefit of other charities and voluntary bodies I general public. The Trustees have no specific donation making criteria. The truslees confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on pU1C benefit when reviewing the Charivs aims and objectives and in planning future activities. Achievements and perfonnance During the period the charity has supported various charitable organisations, and the trustees continue lo look for SLJitable projects lo support. Flnancial review The Trustees consider that as a minimurn unrestricted funds should be sufficient to cover any long term commitments made (to the extent not specifically covered by restricted funds) plus approximately six months of general charitable expenditure. The truslees. annual report was approved on 16 October 2024 and signed on behalf of the board of trustees by: MrJCCByrom Trustee
Grayling Charitable Trust Independent Examiner's Report to the Trustees of Grayling Charitable Trust Year ended 31 March 2024 I report to the trustees on my examination of the financial statements of Grayling Charitable Trust {'the charity'l for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the Act'j. I report in respect of my examination of the charity's financial ststements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5){b} of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act, or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiff view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order io enable a proper understanding of the accounts to be reached. Paul Smith FCCA Wills Bingley Independent Examiner St Denys House 22 East Hill St Austell Cornwall PL25 4TR 16 October 2024
Grayling Charitable Trust Statement of Financial Activities Year ended 31 March 2024 2024 Unrestricted funds Total funds 2023 Total funds Note Income and endowments Donations and legacies Investment income 872 19,565 18.867 18,867 Total income 18.870 18,870 20,437 Expenditure Expenditure on charitable activities Total expenditure 38,605 38,605 38,358 38,605 38,605 38,358 Net expenditure (19,735) (19,735) (17,921) Other recognised gains and losses Other gainslllosses} user Net movement in funds 65,763 65,763 24.739 46,028 46,028 6,818 Reconciliation of funds Total funds brought forward Total funds carried forward 1,276,288 1,276,288 1,269,470 1,322,316 1,322,316 1,276,288 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities_ The notes on pages 7 to 12 fomi part of these financial statements.
Grayling Charitable Trust Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets FIXED ASSET INVESTMENTS 1,261,420 1,195,657 Current assets DEBTORS. AMOUNTS FALLING DUE WITHIN ONE YEAR Cash at bank and in h8nd 12 19,772 44,660 138 81,634 64.432 81,772 Creditors: amounts falling due within one year Net current assets 13 3,536 1,141 60,896 1,322,316 1,322,316 80,631 1,276,288 Total assets less current l labilities Net assets 1,276,288 Funds of the charity Unrestricted funds 1.322,316 1,322,316 1.276,288 Total charity funds 14 1,276,288 These financial statements were approved by the board of trustees and authorised for issue on 16 October 2024. and are signed on behalf of the board by= MrJCCByrom Trustee The notes on pages 7 to 12 form part of these financial statements.
Grayling Charitable Trust ststement of Cash Flows Year ended 31 March 2024 2024 2023 Note 16 Cash generated from operations 154,680) (37,083) Interest paid Net cash used in operating activities (644) (55,324) (6531 (37,736) Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities 18,350 18,350 19,565 19,565 Cash flows from financing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year (36,974) 81,634 {18,171} 99,806 44,660 81,635 The notes on pages 7 to 12 form part of these financial statements.
Grayling Charitable Trust Notes to the Financial Ststements Year ended 31 March 2024 General infomiation The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 122 WIGMORE STREET, LONDON, VV1 U 3RX, England. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (Charities SORP IFRS 102)) and the Charities Act 2011. Accounting policies 1 Income Donations and investment income are accounted for when receivable. 2 Basis of preparation The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance withheld Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value, as modified by the revaluation of certain assets. 3 Resources expended Expenditure is included on a renewals basis. Donations payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such donations being recognised as expenditure when the conditions attached are fuif.Iled. Donations offered subject to conditions which have not been met at the year end are noted as a commitment. but not accrued as expenditure. Management and administration cosis represent expenditLtre incurred in the management of the Charity's assets, organisational administration, and compliance with constitutional statutory requirements. 4 Going concern There are no material uncertainties about the charity's ability to continue. 5 Taxation As a registered charity, the Grayling Charitable Trust is generally exempt from Income Tax and Capital Gains Tax.
Grayling Charitable Trust Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policres (continued) 6 Fixed asset investments Investments are included at closing mid-market value at the balance sheet date. Any gain or loss on valuation is taken to the statement of financial activities. Fixed investment assets realised within twelve months of the balance sheet date are re-classified as current assets. 7 Unrestricted income fund The Accumulated Income Fund represents income from donations and fixed asset investments and will be applied to making donations to charitable bodies and administering the affairs of the charity. This fund may, at the discretion of the trustees, be expended for capital purposes Designated funds form part of unrestricted funds. Amounts are transferred into this fund at the trustees, discretion to cover specific future expenditure by the Charity- 8 Judgements and key sources of estimation uncertainty There are no estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities. 9 Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Restricted funds can only be Ltsed for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 10 Investment property Investment propety is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis. Donations and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Donations Donations 872 872
Grayling Charitable Trust Notes to the Financial Statements (¢onlinued) Year ended 31 March 2024 Investment incorne Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Income from investment properties Other interest receivable 18,350 517 18,350 517 19,565 19,565 18,867 18,867 19,565 19,565 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Institutional donations Support costs 28,987 9,618 28,987 9,618 32,543 5,815 32,543 5,815 38,605 38,605 38,358 38.358 Analysis of grants Forever Colours Lawrence Nursing Home Tides Foundation St Kenelm's Church Enstone Antisemitism Campaign Just Giving Tusk Trust Maggie Carols JustGiving Surfers Against Sewage NDCS.Org UK Donate Via CAF NFRSA GoFundMe Just Giving (The Ciao Foundation) Golden Giving Charity Imalorees Team Triathlon) Spread a Smile Just Giving Just for Children Just Giving The Tristan Voor 7,500 6,250 5,000 2.500 2,250 1,100 904 550 500 500 500 429 281 250 250 113 110 28,987 Independent examination fees 2024 2023 Fees payable to the independent examiner fof.. Independent examination of the financial statements 1,020 1,027 Staff costs The Charity had no employees during the year, and consequently there are no costs of employment.
Grayling Charitable Trust Notes to the Financial Statements (continued) Year ended 31 March 2024 Staff costs (¢ontsnuedJ The average head count of employees during the year was Nil (2023-. Nil). No employee received employee benefits of more than £60,000 during the year {2023.' Nil). 10. Trustee remuneration and expenses The Trustees received no remuneration or expense reimbursement during the Year. 11. Fixed asset investments Listed Investment Other investments properties investments Total Cost or valuation At 1 April 2023 Additions Other movements 485,156 510,500 200,001 1,195,657 65,763 65,763 At 31 March 2024 550,919 510,500 200,001 1,261,420 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 550.919 510,500 200,001 1,261,420 At 31 March 2023 485,156 510.500 200,001 1,195,657 All investments shown above are held at valuation. Investment properties The leasehold interest comprises a long lease over Flat B at 65 Kellett Road, London SW2 1 EA Financial assets held at fair value Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recogni&ed in the Statement of Financial Activities. 12. Debtors". Amounts falling due within one year 2024 2023 Prepayments and accrued income Other debtors 517 19,255 138 19,772 138 13. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 3,536 1,141 10-
Grayling Charitable Trust Notes to the Financial Ststements (continued) Year ended 31 March 2024 14. Analysis of charitable funds Unrestricted funds ,4t 1 April 2023 Gains and At losses 31 March 2024 Income Expenditure General funds 1,276,288 18.870 (38.605) 65,763 1,322,316 At 1 April 2022 Gains and At losses 31 March 2023 Income Expenditure General funds 1,269.470 20.437 {38,3581 24,739 1,276.288 15. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Investments Current assets Creditors less than 1 year 1,261,420 64,432 (3.5361 1,322,316 1.261,420 64,432 (3,536) 1,322,316 Net assets Unrestricted Total Funds Funds 2023 Investments Current assets Creditors less than 1 year Net assets 1,195.657 81,772 (1,141) 1,276,288 1,195.657 81.772 11,1411 1,276,288 16. Cash generated from operations 2024 2023 Net expenditure (19,735) (17,9211 Adjustments for.. Dividends, interest and rents from investments Other interest receivable and similar income Interest payable and similar charges Accrued expensesl(income} {18,350) (5171 644 2,395 (19,565) 653 (1121 Changes in.. Trade and other debtors (19,117) (54,6801 (1381 {37,0831
Grayling Charitable Trust Notes to the Financial Ststements (continued) Year ended 31 March 2024 17. Analysis of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand 81,634 (36.9741 44,660 18. Related parties The Grayling Charitable Trust is controlled by the Trustees in accordance with the terms of the constitution dated 09 February 2015. 12-
Grayling Charitable Trust Management Information Year ended 31 March 2024 The following pages do not forni part of the financial statements. 13-
Grayling Charitable Trust Detsiled Ststement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Donations 872 Investment income Income from investment properties Other interest receivable 18,350 517 19,565 18,867 19,565 Totsl income 18,870 20,437 Expenditure Expenditure on charitable activities Other establishment Legal and professional fees Other interest payable and similar charges Grants Payable 7,416 1,558 644 28,987 4,135 1,027 653 32,543 38.605 38,358 Total expenditure 38,605 38,358 Net expenditure (19,735) {17,921) 14-