IM irwinmitchell
THE GREGSON FAMILY FOUNDATION
RE
TERED CHARITY N
1171
FINANCIAL
TATEMENT
24
(Ref: 05233985)

THE GREGSON FAMILY FOUNDATION
REGISTEREO CHARITY NO.1171351
Contents to Financial Statements
for the
ar ended 31 December 2024
Pa
Annual Report of the Trustees
Independent Examiners ReF)Ort
Balan￿ Sheet
Stslement of Finanaal Activities
7-13
Notes to Financial Statements
14-20
Schedule of Investments

ANNUAL REPORT OF THE TRUSTEES
For the year ended 31 December 2024
Full name of Charity:
The Gregson Family Foundation
Nature of goveming document:
Trust d&d dated 24 January 2017
Registration Number:
1171351
Trustees:
David Gregson
lan Topping
Thomas Eggar Trust Corporation Ltd
Directors of Thomas Eggar Trust Corporation Ltd:
Paula Caryn James
Darran FaW￿tt
Sarah Phillips
Caroline Shelton
James Pavey
Michael Taylor
Registered Address:
Riverside East, 2 Millsands, Sheffield, S3 8DT
Banker:
Barclays Bank PLC, 74-75 East Street, Chichester, West Sussex.
P019 1HL
Solicitors:
Irwn Mitchell LLP, Thomas Eggar House,
Friary Lane, Chichester, West Sussex, P019 1 UF
Investment Managers:
Brewin Dolphin Limited, 12 Smithfield Street, London. EC1A 9BD
Independent Examiners
Carpenter Box, 4 Dukes Court, Bognor Road, Chichester, West
Sussex. P019 8FX
Operating Restrictions:
Charitable objects according to the Law of England
Specific investment powers:
Wide unrestricted powers given to the Trustees in
the deed dated 24 January 2017
Objects of the charity .
The Trustees shall hold the capital and income of the Trust Fund upon trust to apply the income and all or
such part or parts of the capital at such time or times and in such manner to or for the benefit of such
exclusively charitable objects and purposes in any part of the world as the Trustees may in their discretion
think fit or towards
(a) The advancement of environmental protection or improvement
(b) The advancement of human rights, conflict or reconciliation
(c) The prevention or relief of poverty
(d) The advancement of education and the relief of those in need by reason of youth,
age, ill-health, financial disability, financial hardship or disadvantage
Grant making policy .
GA.. 5257352 1

The capital and income of the Trust is to provide only for the assistan￿ or provision of funds as detailed in
the deed dated 24 January 2017.
Financial review and investment policy
There are no restrictions on the charity's power to invest. The investment strategy is set by the trustees for
a period of five years and takes account of demand for funds. The trustees consider the income
requirements, the risk profile and the investment managerfs view of the market prospects in the medium
term. This strategy is set within an overall policy which states that the fund is to be invested in moderate
risk investments with a view to ensuring that capital appreciation of the fund exceeds inflation over each five
year period. The funds may be invested in any type of investment. Our strategy is reviewed with our
investment managers annually.
This is the seventh year of The Gregson Family Foundation. During the year incoming resources totalled
£110,998 {2023. £110,324 resources expended totalled £68.812 (2023: £65,302} and there were other
recognised gains of £96,206 (2023.. £76,358). As a result the fund balance carried foward at 31 December
2024 was £1,383,245 (2023.. £1,244,852).
The Trustees confirm that they did not receive any remuneration during the year, nor were they reimbursed
for any expenses.
Reserves policy .
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a
level which equates to approximately six months expenditure. This provides sufficient funds to cover
management and administration and support costs and to respond to emergency applications for grants
which may arise. Unrestricted funds were maintained at this level throughout the year.
Risk management .
The trustees have examined the major strategic, business and operational risks which the charity faces and
confirm that systems have been established to enable regular reports to be prodU￿d so that the necessary
steps can be taken to lessen these risks.
Trustees, responsibilities in relation to the financial statements .
Law applicable to charities in England and Wales requires the trust*s to prepare financial statements for
each financial year which give a true and fair view of the charity's financial activities during the year and of
its financial position at the end of the year. In preparing those financial statements, the trustees are required
to..
select suitable accounting policies and then apply them consistently"
observe the methods and principles in the Charities SORP.,
state whether applicable accounting standards and statements of recommended practice have been
followed subject to any departures disclosed and explained in the financial statements- and
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with
the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees
confirm that the accounts comply with the goveming document.
GA.. 5257352 1

At present there are three Trustees, the minimum allowed in the Trust Deed, with an unlimited maximum.
The first Trustees are entitled to hold office for life. Future Trustees must be appointed by resolution of the
Trustees.
David Gregson
ian Topping
19.5.2025
Director
For and on behalf of
I homas Eggar -1 rust Lorporation Ltd
GA.. 5257352 1

At present there are three Trustees, the minimum in the Trusl Deed. with an unlinited maximum.
The first Trustees are entthd to hold for lrfe. Future Trustees must be apwnted by r&wlution of the
Trustees.
ian ToppiNJ
Oirec￿r
For and on behalf of
Thomas Eggar Trust COrp￿thn Ltd
GA.. 5257352 1

At pcesenl thère afe Ihree Trustees. the mintmum allowed in the Trust Dead, an unlimited maximum
The fi￿1 Trustees awe entitled to hokj offKe lor lrfo. Fubjre Tnjstees must be appoinled by resoluiion ol the
Truslees
lan ToppirvJ
Daled.. 19.5.2025
Direcior
For and on behalf of
Th)mas Eggar Trust Cryation Ltd
GA: 5257352 1

THE GREGSON FAMILY FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE GREGSON FAMILY FOUNDATION
I report to the trustees on my examination of the financial statements of The Gregson Family Foundation (the
'charity') for the year ended 31 December 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 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the
2011 Act. In carying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no 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 2011 Act,. or
the financial statements do not accord wth 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 fair view which is not a matter considered as part of an independenl
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 orderto enable a proper understanding ofthe financial statements to be reached.
Claire Norwood Bsc FCA ATII
Carpenter Box
Piper House 4 Dukes Court
Bognor Road
Chichester
West Sussex
P019 8FX
2010512025
Dated..

Pys
THE GREGSON FAMILY FOUNOAlloN
REGISTERED CHARtrY NO.1 171351
Balane• Sh••1 as at 31 Drt•n*)er 2024
P￿te
As al 31.11Z4
A5al 31.1123
Axed Ass•ts
Inveslrnenls al Wdlue
1.377.719 31
1.127.817.58
Cuml Asséts
Cash al bank
Debll
7.C61.60
56.294.67
62.CKQ CQ
1,246.112 23
1.384.780 91
atMlrtJ&s lalry *ilhfft 12 rTh>th
CrvdrtryJ
Tdal ossels b•ss ruronl lthht
11.S36 Cm))
1 383.244 91
11.260 CQ)
1244.852 23
abilrt*$ l*lry du• ￿thn fryo yg
Crodrt(xs
Net Ass•ts
10
1383 244.91
1244.852.23
Fund 8al•nM •s at 31.1224
Urwe51rided
Roslncted
1.383.244.91
1235,265 95
9.586.28
1.383.244 91
1244.852 23
19.5.2025
3nd sgn•d on b•h)11
TnNt••
Toppr9
Tntst•e
TnNI

CHAR
71
1.3TI.719.31
1.127.817.56
Cash at bw
7.1x1.80
56.294.67
62,(X)O.00
1.246.112.23
1,384,780.91
Llthlkm fdllryj due 12 n￿rrt
Croditor8
<1,536.(￿3)
1.383244.91
{1,260.LY)
1244,852.23
Llabllttth falknJ due *ithw) fNe yo•rn
Cr*Jito
10
Fund Balanc• a• •t 31.12.24
Unre8trth1
1.383.244.91
1235.265.95
9,586.28
1.383.244.91
1.244.852.23
The fina￿181 Stat￿￿nts ￿Te wo¥ed by tr* board oftrustoos on . 19.5.2025
and srJr*d M their behaff tr
Davvj GrBgwn
lan ToppiThJ
The noles on pagu 7.13 fomi part of

Page 5
THE GREGSON FAMILY FOUNDATION
REGISTERED CHARITY NO.11713S1
Balance Sheet as at 31 December 2024
Note
As at 31.12.24
AS at 31.12.23
Fixed Assets
Inveslments al value
1.377.719.31
1.127,817.56
Current Assets
Cash al bank
Debtors
7.061.60
56.294.87
62,000.00
1,246,112.23
1.384.780.91
Liabilities falling due within 12 months
Creditors
Total assets less current liabiliiies
(1.536.00
1.383.244.91
1,260.00
1,244,852.23
Liabilities falling due within five years
Creditors
Net Assets
10
1.383.244.91
1.244,852.23
Fund Balance as at 31.12.24
Unreslricled
Reslricled
1.383.244.91
1,235,265.95
9,586 28
1,383,244.91
1,244,852.23
19.5.2025
The financial slalemenls were approved by the board of trustees on ............................-and signed on their behalf
David Gregson
Trustee
lan Topping
Trustee
Thomas Eggar Trust Corporation Limited
Trustee
The notes on pages 7-13 form part of these accounts.

orcJz

Page 7
THE GREGSON FAMILY FOUNDATION
REGISTERED CHARrrY NO. 1171351
Notes to the Accounts for the
ear ended 31 December 2024
1 ACCOUNTING POLICIES
The Gregson Family Foundation is an unincorporated charity, registered with the Charity Commission
number 1171351. The registered address is
Riverside East, 2 Millsands, Sheffield, S3 8DT
1.1 ACCOUNTING CONVENTION
These accounts have been prepared in accordance V￿th the charity's memorandum and articles of
association, the Charity's Act 2011 and 'Accounting and Reporting by Charities- the Statement of
Recommended Practice for charities applying the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102) and UK Generally Accepted Accounting practi￿ as it applies from 1 January
2019. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage ofthe provisions in the SORP forcharities applying FRS 102 not to prepare
a Statement of Cash Flows.
The accounts are prepared in sterling. which is the functional currency of the charity.
The accounts have been prepared on the historical cost convention modified for the revaluation of
investments. The principal accounting policies adopted are set out below.
1.2 GOING CONCERN
At the time of approving the accounts. the trustees have reasonable expectation that the charity has
adequate resources to continue in operational existen￿ for the foreseeable future. Thus the trustees,
continue to adopt the going concern basis of accounting in preparation of the accounts.
1.3 CHARITABLE FUNDS & FUND ACCOUNTING
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes
and uses of the restricted funds are set out in the notes to the accounts.
1A INCOMING RESOURCES
Incoming resources includes investment income, which is recognised when the charity has a legal right to
the income.
The gain or loss arising on the disposal of an asset is detemiined as the differen￿ be￿een the sale
prO￿edS and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year.

Page 8
1.5 GRANTS PAYABLE
Grants payable are debited to expenditure within the Statement of Financial Activities in the pericKI to which
they relate. Where a grant commitment is payable over a period of more than one year, a liability is
recognised for the full amount of the constructive obligation unless conditions are attached to future
payments such that the trustees effectively retain the discretion to avoid making such payments.
1.6 INVESTMENTS AND INVESTMENT INCOME
All investments are stated at fair value and the movement shown comprises both realised and unrealised
gains and losses.
Realised gains or losses arising on the disposal of investments (together with provisions ft)r diminution in
value), are credited or debited to the Statement of Financial Activities, and subsequently transferred to
Unrestricted Funds.
1.7 CHARITABLE ACTIVITIES
The cost of charitable activities consists of grants made.
1.8 COST OF GENERATING FUNDS
The cost of generating funds consists of investment management fees.
1.9 GOVERNANCE COSTS
Governance costs comprise all costs involving the public accountability of the charity and its compliance with
regulation and good practi￿. These costs include costs related to statutory independent examination and
legal fees together with other overhead and support costs.
1.10 CASH AND CASH EQUIVALENTS
Cash and cash equivalents include deposits held at call with banks.
1.11 FINANCIAL INSTRUMENTS
The charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and section 12
"Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which includes debtors and cash and bank balan￿$, are initially measured at
transaction price including transaction costs and are subsequentiy carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction
is measured at the present value of the future re￿iptS discounted at a market rate of interest. Financial
assets classified as receivable wthin one year are not amortised.

Page 9
Impaimient of financial assets
Financial assets, other than those held at fair value through income and expenditure, are assessed for
indicators of impairment at each reporting date. Financial assets are impaired where there is objective
evidence that, as a result one or more events that occurred after the initial recognition of the financial asset,
the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present
value of the estimated cash flows discounted at the assefs original effective interest rate. The impairment
loss is recognised in net incomel{expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment previously been recognised. The
impairment reversal is recognised in net Incom￿[expenditUre) for the year.
Basic financial liabilities
Basic financial liabilities, including trade and other payables, are initially recognised at transaction pri
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the
present value of the future receipts discounted at a market rate of interest. Debt instruments are
subsequently carried at amortised cost, using the effective interest rate method.
Trade payables are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course
of operations from suppliers. Accounts payable are classed as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at
transaction pri￿ and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or
cancelled.
2. CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
In the application of the charity's accounting policies. the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and
other factors that are considered to be relevant Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision affects only that period, or in the period of the revision and future
periods where the revision affects both current and future periods.

Page 10
THE
RE
RE
FAMILY F
TERED CHARITY N
NDATI
.1171
Notes to the Accounts for the
ear ended 31 Decernber 2024
3. FIXED ASSET INVESTMENTS
(Summary of pages 14 to 20)
Year ended
1.12.24
Year ended
1.12.2
Quoted investments
Market value brought forward
Portfolio cash brought forward
1,088,206.43
39.611.13
1,127,817.56
1,024.699.00
30,878.19
1,055,577.19
Additions
IncreasellDecreasel in portfolio cash
Disposals
Net unrealised gains
290,298.66
119,724.821
(123.388.651
102.716.56
1,377,719.31
65,272.00
8,732.94
177,887.511
76,122.94
1,127,817.56
Quoted UK Investments
Quoted Non UK Investments
Cash held on portfolio
383.959.28
973,873.72
19.886.31
1,377,719.31
809,527.24
278,679.19
39,611.13
1,127,817.56
Historic cost of quoted investments
1,065,945.00
907,840.39
Investrnents that represent greater than 5% of the portfolio by Market Value
Holding
Quantity
1.12.2
Vanguard Funds PIC- S&P 500
1.145
102,652.11

Page12
THE GREGSON FAMILY FOUNDATION
REGISTERED CHARifY NO.1171351
Notes to the Accounts for the
ear ended 31 Decernber 2024
8. DEBTORS
Asat
31.1224
Asat
31.12.23
62,000.00
Donations and legaaes
9. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR
Asat
31.1224
Asat
31.12.23
Accrued expenses
Independent Examination fees
1,536.00
1,260.00
Grants payable
Manchester University
1,536.00
1,260.00
10. CREDITORS: AMOUNTS FALLING DUE WITHIN FIVE YEARS
Grants payable
Manchester University
Year ended
31.12.24
Year ended
31.12.23
11. CHARITABLE ACTIVITIES
Grants payable (note 121
Share of G0Veman￿ Costs (note 14)
52,706.83
10,570.20
63.277.03
50,260.40
10,166.00
60,426.40
Analysis by fund
Unrestricted funds
Restricted funds
53.690.75
9.586.28
63.277.03
10,426.40
50,000.00
60.426.40
12. GRANTS PAYABLE
Beewell
Amazon Watch
Wouter Nolel Foundation
Manchester University
32,532.28
10,000.00
10,174.55
50,000.00
260.40
50,260.40
52,706.83
13. COST OF GENERATING FUNDS
Brewin Dolphin Limited
5,535.07
4,876.59
Year ended
31.12.24
Year ended
31.12.23
14. GOVERNANCE COSTS
ITwn Mitchell LLP- Legal & Professional fees
Carpenter Box- Independent Examiners fees
Loan Interest Payable
Bank charges
8.779.20
1.776.00
6,750.00
1,416.00
2,000.00
15.00
10,570.20
10,166.00
Basis of Allocation". All of the g0Veman￿ costs are allocated to the charitable activity of grant making. Totslling
£10,570.20 in 2024 {2023. £10.1661.

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