Company number: 11250719 Charity number: 1177575
The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Financial Statements
and
Trustees' Report
for the year ended 31 March 2025
AT The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Index to the Financial Statements for the year ended 31 March 2025
| Page | |
|---|---|
| Index to the Financial Statements | 2 |
| Charitable Company Information | 3 |
| Trustees' Report | 4 - 7 |
| Statement of Trustees' Responsibilities | 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Statement of Financial Position | 11 |
| Statement of Cash Flows | 12 |
| Accounting Policies | 13 |
| Notes to the Accounts | 14 - 16 |
Page 2
AT The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Charitable Company Information
for the year ended 31 March 2025
| Status: | The Grenfell Foundation is a company limited by guarantee and a registered charity | The Grenfell Foundation is a company limited by guarantee and a registered charity |
|---|---|---|
| governed by its memorandum and | articles of association. The directors of the company | |
| are its trustees for the purposes of | charity law and throughout this report are collectively | |
| referred to as the trustees. | ||
| Charity name: | The Grenfell Foundation | |
| Company registration number: | 11250719 | |
| (England & Wales) | ||
| Charity registration number: | 1177575 | |
| Registered office: | 4B Printing House Yard | |
| Hackney Road | ||
| London E2 7PR | ||
| Trustees who held office | David Joseph CBE | |
| during the period to the | Jenita Rahman | |
| date of these accounts: | Susan Dolton | |
| Clare Richards MBE | ||
| Selina Webb MBE | - Appointed 7 May 2025 | |
| Marcus Mumford | - Resigned 3 December 2024 | |
| William Sieghart CBE | - Resigned 30 September 2024 | |
| Independent Examiner: | Anthony Armstrong FCA | |
| Armstrong & Co | ||
| Chartered Accountants & Statutory Auditor | ||
| 4a Printing House Yard | ||
| Hackney Road | ||
| London E2 7PR | ||
| Solicitors: | Bates Wells & Braithwaite London LLP | |
| 10 Queen Street Place | ||
| London EC4R 1BE | ||
| Bankers: | C. Hoare & Co | |
| 37 Fleet Street | ||
| London EC4Y 1BT |
Page 3
(A Charity Company Limited by Guarantee, company number 11250719)
AT The Grenfell Foundation
Trustees' Report, incorporating the Directors' Report
for the year ended 31 March 2025
The trustees submit their report and the financial statements of The Grenfell Foundation (“the charity”) for the period ended 31 March 2025. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2015 (FRS102)) and the Financial Reporting Standard 102.
Structure, Governance and Management
Trustees
The Trustees of the charity who held office during the year are disclosed on page 3. Under the Articles of Association, the trustees are the members of the company for statutory purposes.
The trustees meet at least four times annually to discuss a full range of matters relating to strategy, project work, recruitment, finance and general information.
The induction process for any individual newly-appointed to the Board of Trustees comprises an initial meeting with at least two of the trustees (whenever possible one of these two trustees being the Chair) and receipt of copies of:
-
The memorandum and articles of association
-
The most recent financial statements / management accounts
-
The organisation’s strategic objectives for the period
-
The Charity Commission’s guidance ‘The Essential Trustee’
Governing Document
The Grenfell Foundation is a company limited by guarantee, incorporated on 12 March 2018 and registered as a charity on 16 March 2018. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.
Risk Management
The trustees acknowledge that they have a responsibility for the identification and proper management of the risks faced by the charity in achieving its primary aims. The trustees have therefore assessed the major risks to which the charity is exposed, in particular to those relating to the specific operational areas of the charity and its finances. The trustees believe that, by monitoring reserve levels, by ensuring that controls exist over key financial systems, by creating and reviewing a risk register, and by examining the operational risks faced by the charity, they have established effective systems and procedures to mitigate those risks.
Objects of the charity
The objects of the charity are for the public benefit:
-
to benefit the former residents of the Grenfell Tower and their families and dependants and the local community, by associating together the said residents, families and dependants, and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for such persons;
-
to relieve financial hardship, poverty, distress and suffering, including without limitation through the provision of advice, care and other forms of personal support;
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to preserve and protect physical and mental health, including without limitation by raising awareness of any lessons learned from the Grenfell Tower tragedy with a view to ensuring that, as far as possible, no similar tragedy or tragedies take place in the future;
-
to advance in life and help young people to participate and integrate fully in society;
-
to advance education and promote lifelong learning, including without limitation through the provision of skills training, advice and support;
-
to promote social inclusion by providing opportunities to build capacity and by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting their integration into and participation in wider society; and
-
to advance any other charitable purposes which the trustees may from time to time think fit and which are in the opinion of the trustees complementary to the foregoing objects,
In each case, without limiting the discretion of the trustees or the potential scope of the foregoing objects, with an expected focus on the survivors of the Grenfell Tower tragedy and of former residents of Grenfell Tower and their families and dependants and those who have suffered bereavement as a result of the tragedy, as well as the local community, and without distinction of sex, sexual orientation, race or of political, religious or other opinions.
Page 4
(A Charity Company Limited by Guarantee, company number 11250719)
AT The Grenfell Foundation
Trustees' Report, incorporating the Directors' Report
for the year ended 31 March 2025
Chairman’s Foreword
The Grenfell Foundation was established as a charitable organisation in 2018 at the direct request of bereaved and survivors from Grenfell Tower following the tragic fire of June 14, 2017.
Amidst the public outpouring of support and efforts by central and local government to respond to the tragedy, it became clear that those most affected needed a new charitable organisation focused on their needs.
The Grenfell Foundation was set up to listen to those needs and to provide long-term bespoke support to the survivors, bereaved and wider community. That began with helping to ensure and provide funding for a community-led, appropriate anniversary. It continues in its attempts to encourage social cohesion and support in the areas of Remembrance, Awareness and Wellbeing, as well as personalised support for bereaved and survivors. We have a small team of committed staff with a long history in the community who can provide one-to-one, independent support to family members throughout the Grenfell journey, addressing all the issues that impact them since the fire.
Whilst the Foundation is not set up to provide services, we support wider projects and initiatives that are beneficial to the community and the generations affected by the Grenfell Tower fire. We also support awareness-raising efforts as bereaved families and survivors work to ensure lessons are learnt from the tragedy. And we provide support for a memorial event for the bereaved families, survivors and wider community, so that each year on June 14th, they can come together to remember loved ones lost in the fire.
June 14th 2024 marked seven years since the tragedy, a significant milestone for the bereaved, survivors and community. We supported families with a number of Memorial events around this time to ensure Grenfell remains on the national agenda.
On September 4th 2024, the Phase 2 Inquiry report was published. The report documented the circumstances that led to the fire, the events of that night, and the response in the weeks afterwards. It identified a range of failings across multiple organisations and sectors, including regulatory frameworks, building safety practices, and oversight of social housing. The publication of the report represents an important step in establishing the facts. The Foundation continues to support families as they seek to ensure that the report’s recommendations are implemented to prevent similar tragedies in the future.
In February 2025, the Government informed families that the Tower would be brought down to ground level in September this year. This process will take approximately two years. We support efforts to ensure that the memory of those lost remains at the heart of our work, and that the story of Grenfell is carried forward for future generations.
As time goes on, the bereaved, survivors and local community continue to need sustained support, and we commit to providing the pastoral, health and well-being assistance required.
The trustees and executives will spend a lot of time discussing the tenth anniversary and amplifying awareness of the tragedy and the change needed.
It is an honour to work with this community. Their dignity, determination and support for each other remain at the heart of the Grenfell story.
David Joseph
Chair, The Grenfell Foundation
Activities during the period
Anniversary & remembrance:
The 7 year anniversary Silent Walk was attended by over 5,000 people, with speeches following both from Grenfell family members, but also campaigners affected by Covid and the infected blood scandal. Collectively it demonstrated the impact that state failure can have on those most impacted, and that tens of thousands of families are still searching for Justice having lost loved ones.
We again supported the annual ‘Remembering Together’ event in partnership with Grenfell United and the NHS, a chance for young people to gather near the anniversary and remember and reflect through creative means. This year young people cast plaster hands to be added to a permanent sculpture to be used in a future memorial site.
Once again, buildings and homes were encouraged to go green around the 14th June, and schools and community spaces took part in the ‘Green 4 Grenfell’ week, carrying out local volunteering in memory of the community spirit shown after the fire.
Page 5
(A Charity Company Limited by Guarantee, company number 11250719)
AT The Grenfell Foundation
Trustees' Report, incorporating the Directors' Report for the year ended 31 March 2025
Family Support:
Our staff continue to support bereaved and survivors on a one to one basis, as well as offering staffing to Grenfell United. The Phase 2 report was a crucial moment, both to support family members to share their views with the press, but also to support them at a hugely emotional time on the Grenfell journey. The report is the start of some of the changes they hope to see, but given past experience, this will need to be fought for every step of the way.
Awareness:
Following a successful run at the Serpentine Gallery, Steve McQueen announced that he would take his piece ‘Grenfell’ on tour across 6 UK cities. We have funded a programme of community engagement across each city on the tour, which will bring awareness to communities facing similar issues outside of London. Glasgow Tramway was the first venue, and we supported families to train gallery staff in sharing the piece with the wider public. The piece will travel to Cardiff and Belfast later in 2025, before moving to Plymouth, Birmingham and Liverpool in future years.
Researchers from Southampton and Oxford University, who are consulting with family members on how Grenfell should be taught in schools in the future published their first report this year Teaching about Grenfell: Recommendations from the Community, with the next steps being to trial some sessions within primary and secondary schools. Grenfell education is a huge part of the Grenfell legacy, and we will continue to support efforts in this area for years to come.
Health, Wellbeing and Community:
Our Grenfell Memorial Cup event was this year held back at Loftus Road in partnership with QPR, where bereaved and survivors played a friendly game against each other, supported by friends from the community. There were 3 generations of family represented, and it is always a positive event to bring people together in the run up to the anniversary.
Grenfell United continues to raise the case for improved physical health monitoring, as well as the long term provision of mental health support for years to come, especially given the upcoming removal of the Tower and the impact that will have.
Looking to the future
The upcoming Tower demolition alongside a lack of clarity of the timeline if the criminal process means things are not getting any easier for those impacted. The Phase 2 Report, and Tower announcement were some of the last moments that attract wider public attention, and families are concerned Grenfell will move out of sight, out of mind in the coming years before seeing any Justice.
We will continue to support families to raise awareness and keep Grenfell in hearts and minds, including by supporting the anniversary events and campaigns, as well as wider legacy projects to make sure that the lessons from this tragedy can lead to change in the local area and across the country.
Financial review
Funding for the charity comes mainly from voluntary income, event fundraising and grants.
Financial Activity and Financial Position
The results of the period and financial position of the charity are shown in the annexed financial statements.
The Statement of Financial Activities shows net expenditure for the period of £162,669 and reserves of £558,795.
Page 6
(A Charity Company Limited by Guarantee, company number 11250719)
AT The Grenfell Foundation
Trustees' Report, incorporating the Directors' Report
for the year ended 31 March 2025
Reserves Policy
The trustees have examined the requirements for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets. The trustees consider that, given the early stage of the charity's expected operating life and the uncertain nature of the charity’s funding, free reserves should be sufficient to meet all committed operating expenditure and to meet the planned charitable activity expenditure for the next 12 months. The trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the charity to cope and respond to unforeseen emergencies whilst specific action plans are implemented.
Independent Examiner
The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, Chartered Accountants and Statutory Auditors, has indicated his willingness to be proposed for re-appointment.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Trustees on 10 December 2025 and signed on its behalf by:
Jenita Rahman
Trustee
Page 7
(A Charity Company Limited by Guarantee, company number 11250719)
AT The Grenfell Foundation
Statement of Trustees' Responsibilities for the year ended 31 March 2025
The trustees (who are the directors of The Grenfell Foundation for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Observe the methods and principles in the Charities SORP;
-
c) Make judgements and estimates that are reasonable and prudent;
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d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
-
e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 8
AT The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Independent Examiner's Report to the Trustees of The Grenfell Foundation
I report on the accounts of The Grenfell Foundation for the period from 1 April 2024 to 31 March 2025, which are set out on pages 10 to 16.
This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of trustees and examiner
As described on page 8, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
a) examine the accounts under section 145 of the Charities Act;
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b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
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c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 386 of the Companies Act 2006 Act, or
-
the accounts do not accord with such records; or
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the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination, or
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the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anthony Armstrong FCA, Independent Examiner of Armstrong & Co Chartered Accountants & Statutory Auditor
4a Printing House Yard Hackney Road London E2 7PR
Dated: 10 December 2025
Page 9
(A Charity Company Limited by Guarantee, company number 11250719)
FS The Grenfell Foundation
Statement of Financial Activities
incorporating the income and expenditure account for the year ended 31 March 2025
| Notes Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 5 Total expenditure Reconciliation of funds: Total funds brought forward 11 Total funds carried forward 11 Net income/(expenditure) and movement in funds |
2025 2024 Total Funds Total Funds £ £ 36,598 162,006 18,147 19,442 54,745 181,448 217,414 235,361 217,414 235,361 (162,669) (53,913) 721,464 775,377 558,795 721,464 |
||
|---|---|---|---|
| Unrestricted Funds |
Restricted Funds | ||
| £ 36,598 18,147 |
£ - - |
||
| 54,745 | - | ||
| 217,414 | - | ||
| 217,414 | - | ||
| (162,669) 721,464 |
- - |
||
| 558,795 | - |
All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account. The accompanying accounting policies and notes form an integral part of these financial statements.
Page 10
(A Charity Company Limited by Guarantee, company number 11250719)
The Grenfell Foundation
Statement of Financial Position
as at 31 March 2025
| Notes Fixed assets: Tangible assets 7 Total fixed assets Current assets: Debtors 8 Cash at bank and in hand 9 Total current assets 10 Net current assets Total net assets The funds of the charity: Unrestricted funds 15 Total charity funds 13 Creditors: amounts falling due within one year |
£ £ £ £ 144 492 144 492 4,990 6,598 566,699 733,211 571,689 739,809 13,038 18,837 558,651 720,972 558,795 721,464 558,795 721,464 558,795 721,464 31 March 2025 31 March 2024 |
£ £ £ £ 144 492 144 492 4,990 6,598 566,699 733,211 571,689 739,809 13,038 18,837 558,651 720,972 558,795 721,464 558,795 721,464 558,795 721,464 31 March 2025 31 March 2024 |
|---|---|---|
| £ 4,990 566,699 571,689 13,038 |
£ 492 |
|
| 492 720,972 |
||
| 721,464 | ||
| 721,464 | ||
| 721,464 |
The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.
The financial statements were approved by the Board of Trustees on 10 December 2025 and signed on its behalf by:
Jenita Rahman Trustee
The notes on pages 13 to 16 form part of these accounts.
Page 11
The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Statement of Cash Flows
for the year ended 31 March 2025
| Notes Cash flows from operating activities: Net cash provided by/(used in) operating activities 1 Cash flows from investing activities: Dividends, interest and rents from investments Purchase of property, plant and equipment Net cash provided by/(used in) investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 Notes to the Cash Flow Statement 1) Adjustments for: Depreciation charges Dividends, interest and rents from investments (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 2) Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/(expenditure) for the reporting period (as per the statement of financial activities) |
2025 £ (184,659) 18,147 - 18,147 (166,512) 733,211 566,699 2025 £ (162,669) 348 (18,147) 1,608 (5,799) (184,659) 2025 £ 566,699 566,699 |
2024 £ (69,383) |
|---|---|---|
| 19,442 (694) |
||
| 18,748 | ||
| (50,635) 783,846 |
||
| 733,211 | ||
| 2024 £ (53,913) 202 (19,442) (48) 3,819 |
||
| (69,383) | ||
| 2024 £ 733,211 |
||
| 733,211 |
Page 12
(A Charity Company Limited by Guarantee, company number 11250719)
The Grenfell Foundation
Accounting Policies
for the year ended 31 March 2025
Basis of preparation
The financial statements have been prepared in accordance with:
-
a) Applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
-
b) 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 Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102);
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c) the Companies Act 2006.
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d) the Charities Act 2011.
Public benefit entity
The charitable company meets the defination of a public benefit entity under FRS 102.
Going concern
The charity's income is mainly derived from non self-generated sources, such as donations, grants, local authority funding and other governmental or NGO sources. The trustees consider that there are no material uncertainties about the likelihood that this support will continue, and accordingly, the accounts have been prepared on a going concern basis.
Income recognition
Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure recognition
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate.
Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.
-
Grants payable are payments made to third parties in furtherance of the charity’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.
-
Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.
Restricted Funds
Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.
Unrestricted Funds
Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.
Pensions
The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.
Tangible Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment
- 50% on cost
Page 13
(A Charity Company Limited by Guarantee, company number 11250719)
The Grenfell Foundation
Notes to the Accounts for the year ended 31 March 2025
1 Incoming resources
The incoming resources and surplus are attributable to the principal activities of the charity.
2 Net outgoing resources
| Net outgoing resources Net outgoing resources are stated after charging: Independent Examiner's fees - reporting service Depreciation & amortisation Trustees' emoluments |
2025 £ 2,400 348 - |
2024 £ 2,400 202 |
|---|---|---|
| - |
Trustees' emoluments
Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services as trustees.
| 3 Income from donations and legacies Donations 4 Income from investments Bank interest received 5 Expenditure on charitable activities Project costs Grants & donations made Other Admin costs (including staff costs in note 6) 6 Staff costs Salaries Social security Pension contributions Emoluments Employees paid in excess of £60,000 during the current period: Average number of FTE employees during the period was: |
Unrestricted £ 36,598 36,598 Unrestricted £ 18,147 18,147 Unrestricted £ 49,960 5,028 162,426 217,414 |
Restricted £ - - Restricted £ - - Restricted £ - - - - |
2025 Total £ 36,598 36,598 2025 Total £ 18,147 18,147 2025 Total £ 49,960 5,028 162,426 217,414 2025 £ 70,800 3,201 3,304 77,305 1 None |
2024 Total £ 162,006 |
|---|---|---|---|---|
| 162,006 | ||||
| 2024 Total £ 19,442 |
||||
| 19,442 | ||||
| 2024 Total £ 64,552 13,583 157,226 |
||||
| 235,361 | ||||
| 2024 £ 92,750 5,603 4,637 |
||||
| 102,990 | ||||
| 2 | ||||
| None |
Page 14
(A Charity Company Limited by Guarantee, company number 11250719)
The Grenfell Foundation
Notes to the Accounts
for the year ended 31 March 2025
| 7 8 9 10 11 **12 ** |
Tangible fixed assets #N/A £ Cost As at 1 April 2024 - As at 31 March 2025 - Depreciation As at 1 April 2024 - Charge for the year - As at 31 March 2025 - Net book value As at 31 March 2025 - Debtors: amounts falling due within one year Accounts receivable Other debtors Prepayments Bank and cash in hand Bank deposit account Bank accounts Creditors: amounts falling due within one year Accounts payable Credit card PAYE Pensions Accruals The funds of the charity: current year Restricted funds Restricted funds Unrestricted funds General funds The funds of the charity: prior year Restricted funds Restricted income funds Unrestricted funds General funds |
Leasehold improvements £ - - - - - - Opening balance £ - 721,464 721,464 Opening balance £ - 775,377 775,377 |
Plant & machinery £ - - - - - - Resources arising £ - 54,745 54,745 Resources arising £ - 181,448 181,448 |
Computer equipment £ - - - - - - Resources utilised £ - (217,414) (217,414) Resources utilised £ - (235,361) (235,361) |
Office equipment £ 694 694 202 348 550 144 2025 £ - 2,350 2,640 4,990 2025 £ 555,000 11,699 566,699 2025 £ 2,305 1,201 2,431 718 6,383 13,038 Other movements £ - - - Other movements £ - - - |
Total £ 694 |
|---|---|---|---|---|---|---|
| 694 | ||||||
| 202 348 |
||||||
| 550 | ||||||
| 144 | ||||||
| 2024 £ 2,048 2,150 2,400 |
||||||
| 6,598 | ||||||
| 2024 £ 700,000 33,211 |
||||||
| 733,211 | ||||||
| 2024 £ 5,398 1,017 1,816 442 10,164 |
||||||
| 18,837 | ||||||
| Closing balance £ - 558,795 |
||||||
| 558,795 | ||||||
| Closing balance £ - 721,464 |
||||||
| 721,464 |
Page 15
The Grenfell Foundation
(A Charity Company Limited by Guarantee, company number 11250719)
Notes to the Accounts
for the year ended 31 March 2025
| 13 Net assets attributable to funds : current year Tangible fixed assets Current assets Current liabilities Net assets attributable to funds 14 Net assets attributable to funds: prior year Tangible fixed assets Current assets Current liabilities Net assets attributed to funds |
General funds 143 571,689 (13,037) 558,795 General funds 491 739,809 (18,836) 721,464 |
Designated funds £ - - - - Designated funds £ - - - - |
Restricted funds £ - - - - Restricted funds £ - - - - |
Endowment funds £ - - - - Endowment funds £ - - - - |
Total £ 143 571,689 (13,037) |
|---|---|---|---|---|---|
| 558,795 | |||||
| Total £ 491 739,809 (18,836) |
|||||
| 721,464 |
15 Taxation
The organisation is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.
16 Post balance sheet events
There were no significant post balance sheet events.
17 Contingent liabilities
The charitable company had no material contingent liabilities at 31 March 2025 nor at 31 March 2024.
18 Related parties
There were no disclosable related party transactions during the year.
19 Gifts in kind and volunteers
During the period the charitable company benefited from unpaid work performed by volunteers.
20 Statutory status
The organisation is a company limited by guarantee and registered charity. The guarantors liability in the event the company is wound up is restricted to a maximum of £1 each.
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