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 pU￿1C 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-