RECIS'I'EKLD CIL4RI'I'Y NUMBb,R: 1180300 'IITr: (.'lIAc.':<'R(%'L Tr A111., b()UNDA'I'I() AN1."AI. Rb'l>OR'I' A1) D'INANC.'IAI. S'I-A"I'F'.TrID-.Tr4'1- FOR THE YEAR EDED 31_MARCH 2024
THE CIIACEGROVF. FAf¥i11.Y FOUlYD.4"rio.I Ciiiitint% ijl. Ihe D'inaiieial %tatemtiits for tlic I'"tar b'thded.I l Nlar¢h 2024 Page I to Rcpvrt vf the'l'rustees IAtement of Trii%t¢e%' Respvnsihilities IndepeDdeiit Examiner's Rtport Statemeut of Finaiicial A¢tivltie Balallie Sheet Notes io th¢ b inauiial Stutemeiits 710 10
CIIAcf.c.Rl)VL Tr.4ftriiLY D'UI-,YI)A'I-ION fvr ilje Yl'ar Eiidi.d 31 _N14Irch 2U24 I'he iru%lLC.% Pl'Lselli ihtrir aiiiiual rLI)urt ILia1 sLqtenieni% loi Illu }'L4T ¢ndLd 31 NfdfLh 20?4. Ibe [alli11 st¢lliIllLnt4 lidl'e beeii prepared in aL¢iird¢tnL¢ with die aucoutiiii)g policies sei out in notL I tu tIiL tinanLI(Il st&ieIiJeiits diid iojnply willi Ilig ¥liJrity S bLTrenIll doiuiiielll, tlie Ch<irit1¢5 Alt ?0 I l and 'ALivunting and RLportiIig by Charities." Statejneni ol. Rtioiiun¢nded PiaitiL¢ appliLabl¢ to ¢liaritJt% prepariiig their aicoui)Is iii accordanLe .1th the Fin)lJI Reporiiii¥ Siatidard appliiable in tlie UK Rcpublic vf Ii¥laIid IF'RS 10?1" (el't¢ciiv¢ l January ?0191. OBJECI'II'ES IlND.ICTII'ITIES The Lliarits, s objeLib dre £01 the publiL benvlil lu aLlvanL¢ such ¢xLlu%ii¢l J ¢h(Iritabl¢ putPOie.S the Trusie¢s shall Irvni lim¢ lo liIiie thlnk til. Tlie pvli¢i¢% ¢tdvpl¥d m furt]1¢rl¥ i)f th¥s¢ vbj¥LIs det¢niiiii¢d bw tli¥ I wst¢eS dnd Tgl'ieii'ed udlly. "I'he Trustees have paid Ju¢ regJilT(I Iii gluid1ce issued bv Ilie Charii). Conuiiissioii in deiidi11g wlidl aLtIVllies die Lhdrily l)ould uJideridkL. -4C.Illb:Vli.IMTr'.N-r PTr-IITrOIiIIAP4'CL hL I'i)Iiiidaiic)ii lid% Lr¢(Il¢d willi broddly delined purpos¢ of supporliiiu lIldildUI1S and L(Jn]niuiiiti-l¢i'el iiiiiiatii'ei in Lkljng ihL Lhdll¢iigJ¢s ()I' ¥liJiidle ihaiiLi aiid siisldltldble I) uty¥. Th¢ ttustees dre parijiulIV lliiereited in the suppori uf iiidividuals wh() hy IaY ol-¢duLalion. tiauiitigi and iiiiliatii'e ar¢ dble Iv tndke 4 posiiive in)paLt on the 'Orld in vur fL¥lds' 0£ l)vcr thi tive ycaT% rhL Illi%iLL% liai'L. b). W£ty i)I' lundiiigT Irot]i Ilie fouJider% vf th¢ fund, buili an endowtiieIii tliai now enablL4 Uq 10 let <lFioui thc%c ihl< Ileiigcs i¥'iili thL Ler141nly to lund projeils tlidl n14y run i)ver iiiuliiple sears. Inilial gFfdnl rivit]g has heen at modL4t I¢'C]s as ihL Inislecs build Iheir experience in this lield. Iv LIiiUT¢ luiids are u.%¢d ls¢]Y. CosL% ar¥ k¢pl lo the ab%oluic minimum <md thL Iru%lcc% take no r¢muneraiioii In kecpitig iwith th¥ Lliaritable aitns LginiiiilInenL% of Ihe Iru%tet%. Thc i)utgthin¥ LxpLn%e% niet by the foundaiion arc cq%ciitially the runnjiig) Losts Ot aLLvuni and alU31 rviiims pr¢p<iratiun, ot prudcnt invesirnent mla¥c]nent and of IT *uppon, IDgcrhir 11 OLL<lSlOJ)al and tnode51 out (JI. POLkei i0sLs uf appraisijig gTrrani opportunitie4. ()vcr the lasi yeai" Ilit tui)d ¢vntinu¢d ils support fi)r a widening7.accc%s llniver%ily bur%ary to %rnd¢ni% workit]g oil cliniiL IL Lh(IIILJtr. and lia% tutidid (t l.F.AF inilidlikt io Iiieasiir¢ Ihe Llimate and iarhcTrn ¢ll'tCL% of a range t)I' l<iniiine ryPLS. dcN'clnping a range uf iool% 10 hLlp l¢irni¢rs inure widelv their Ldrboji itnpaci. Ihc lattLr part of the vcar IhL fi]nd ha% CLiinnienced a IlirLL-y¥4r pruLprdiiune ot. llllatlll¢il supputi to studeIii.s ai lh¢ .QptiLOI CcnirL' in DLI'on, wlierL ih().%L ith lirtlL prior experience of agriLuliur¥ Iiaiii iii SU11ndb]e Ic)od 4ysltni4 aiid esldblishuJLJ ihcir nwn land reLTcncraiion %chenie%. ivid¢ rnngc of other fuiiding (Ipp()rrulliiies are uonsiderdiioll, all with the aiIn of 4uppvrting initiative% con8i.4tct]t 'Ith IhL PFioritics of tlie I nuIidaiiiiii. IN.4NCIAL R Tr'VITr:II' -I'he r¢NulL4 for iliL 5'Lar arL %L't out vn pasye 5. It 1% the policy of iliL chaniy didt uiirtsiriil¢d I'unds M,Iiiih liave Iioi been desigrnaied foi a.%pcGific use %hould bc niainidined at a Ici'cl CLiuiiialLllt Iii beiweeii IlkreL' ana %i.x iiiontii s expeiidilure. Thc trnSlL¢% con.%idcr tliai rL.g¢rves al Ihis ILv¢I .111 eiisure Ility will be able to cnniinuc the chanry s Lurreiii aLt]llie% i¥hilt con%idcraiii)n 1% giieIi 10 14.ay% In 'hiLlI aJdiliotial luiid% Jndy bt J'ai%ed. This lei'cl of rLs¢rvLts has bLen iMttinLiit]ed Iliri)ugliuul IhL yL<lr. Thc I"rnqteL% h<lN'C a.ssc%sed IhL lliajor rJ%ks to w'hiLh ihe Lhariis. is expo%ed and arg lIriCd thai %J'%tcnis arc In place to itiuatt cxposurc to the niajor ri%ks. age I
TUE CII.4CF.GR()VL b_4NIILY &'OUII),ITION ort uf the 'l-rustL'L for the leai. EDdL'd 31 ffvi#rili 2024 4'1"RUCTiiRE, GoVERNAc. AliD II_thAGE.I.IE)'I 'L"he Lharity is a uh1(ab]i illLorporalLd orLTranisalioIi. The Irusl¢¥s w,ho 5¥Tr'¢d durin¥ th¥ year up tu Ilic ddie ot-SjbYtJature ol- Ilie tllianiial sl&iienitJits were.. Pri)f¢ssvT J PriL¥ Mi%s F. L(IK Ms L Beaudry J C'ox 'I'he'l al'e noii)iiialed bs. oilicj I'Jii%iec% and iiiu%i bL ai)proi'cd ai I rustccs. ijicciing. Wlieii lo()king l()[ n¢w Fru%t¥¢s to ni)mini( IL, thL .1 ru4iL¥* L()n%idcT thL 4kill% and kllow-IcdgNc ot-iicii.- I nisiccs. New Twsice% rcccii'c iraining from cxi81ing "I rustees regardii)g thL objL¢tii L% and opcration of rhL cliarity. "I hev al%0 gaiii an underst(iii(IiiiiJ of rlieir leLTal obligation% ii'itli rLgard ro chani}' lakn. i( nd the %tructure of rhc chariry.. 'I'hLy arc adi'iscd ot- appr()pnatL Ir41nin¥ courses and dre EnLouragTLd 10 attend. The Trustees hav¢ <L4%¢%s¢d the Jnajor ri.8k% to wliich ihe charity 14 cxposcd and arc %ati%ficd thai 4y%tenis are ii) plaic to n]itJgate expo%ur¢ lo the niaji)r ri%ks. None ul'ilie Trustees lias any ben¥fiLidl inl¥rt5t the coti)pany. All ul-theTru%tee% iirc nicmb¢r% of IhL company and guaraniec to LLbntribule £1 iti tli¢ ¢i'¢iit 0£ J windinb7 UP. ThL Tru%lLL5 repurt wa% dpprovLd by die Eliidrd uf TtustL'e% Jcox 'I'tu4tee 9 ' 1)ecember ?024
THb. CHACEGROI'E FAf*lll,I' b()I."NDA'ric) statin](Ill tsl Ilit'l'rusiees Kes Ollsibiiities for thL YL'ai" b.Iidi'd 31 Illarch 2U24 'I"IIL "I'ru%lLC% dre rebpoi1bl¢ tvr PTep4rinb IliL -[ rusltyL'% RL'POn the lillaniial slaieinents in accordance with applicable la ld Uniled KinÉ)(loin Ac¢iiiiniingT %uiidard.% (UnilL,d Klligdoni Generall} Accepted Accounting Praclicel. Lli¢ laH' dpplityabl¢ til Charitils IIi F.118land and WalL% fLqiiifL% tIIL'I ru.%ice% io prepare fini1claI staienieJit% for eacli tinajiiial ye£ll w'hi¥li L71¥ (I Irue (Inil l<tir l¢W ol. IliL siatc of anairs (Trt. thc charity and of Ihc ijicoming re%nurcc$ and applicaiiot) of rebourLes ol-lhe charjly lor tliat ycar. In prcparillg ilic%e finallcial Etalcment8, Ihc TrustLC8 arc rcqiiired to.. scILLt suiiablc aLLL)Unlin¥ p(Ilicic% artd thLn apply tlicm Li)ns1siciTrtly, bservc ihc mciho(L% at)d principlc8 it) thL C-.hL?ritic% %()Rl); kl judLinicnl% ajid Lg1imalL£ that are reasonable and ptudcnt. stJt¢ wh¢ther appliLablE accounting giandards have been lollowed,.4ubject to any m)i¢ri)I dLwartures disclo%ed and expldin¢d in lh¥ lindtl¥ldl sldi¢inenl%', atid prLparL IIIL findllCI(Il slalenients on the ionL¢rn babis unless it 1% inappropria(e io pr¥sumt thdt thc chariry ,71] continuc in OPLratioii. Thc Trustees arL fLspon%ible lor Lecping sufficiLni accounliiig record% Ihal di4LI()s¢ with rei1soJiable aL¢WJ¥y ai an thme the lindnLial pn4itinn ot the Ch(llY and cnablc them to cngure thic I the finaiicial sialLmeiit% Luinplv H'iili iliL ("li(tiili¢s ALI ?01 tlie Clidrity IAiLoullis and ReportLngl ReLFuldtion4 20llR and IhL proi.i%ions of the dLed. -I'hcs' are als(J r¢%poiibible for %alL¥lldrdiiigJ ilie dS%els of Lljdrity 1lI hgnie t<Jr taking rc&sonabl¢ steps for thc pr¥vcntion aiid detccliiin ot. Iraud atid othcr irrcgu14rilies. aLie 3
iid¢ni Tr.xaiiiiner's Re rt to tho Trustees of 'he C.liacL' ol'e fi amil Fouiidation Ind¢pendent exdlliiDer'& repvil lo thi. trustee¥ lif Chacegrove FaniilTr Tr"uuiidAriun I'the C.iinipanv') I report to th¢ Lharity InLStees un Y exilllliliiiliuii c)l-dic aLLOlItIL% Ot-die Coiiipany lor ihe ended 31 fvlarch ?0?4. Respvllsibilities #nd basis of report IIIL Lliarii) s Iruiiee% ol. tli¢ Ci)Inpany yliu are respoiisible for ilie preparation i)t ilie auuounls iii accordance willi the r¢4uirein&iis of tlit Charilieb ALt tiol I. Hdl'LngJ satisfied Jiiystlf iliai the dLLounls ul. die con1pIDY ai¢ not T¢iIUITLxi iii b¢ audit¢d undvr Pail 16 uf Ihe 2006 ALI rL ilib)IblL lor iJidLpLiJIILIII L.xaiiiJiiaiion, I rLporl in re%ptcl ot'jiiy exaii)ill<l1ioii of youl- chaJji} % aLLOUJll% a% carricd out ujidcr 4eLtion 145 ol-lhe L'li<1rilie% 4c1 ?0 I I I'ilie 201 l Aci'l. Iii cRrr)?IngJ oui my exan)Iiialion I liat I'ollowed ihe Dirccliot)s gil'cn by thL C'harity ('oii)missi()n undcr Sictjon 145151 Ilj) i)f' IhL 2111 I Aci. Indi'pL4ndent L'iaWnillL'f 5 5t#teniellt I have compl¢te(l Tny eXiunin<ltion. l Lonfinn that no niatrcrs hal'c come to m}, aiieniion in connection '1th the cxamination Jne cause to believe.. iLcounliniT ItLuid% i¥ere not kept in re%p¢ci of thg Ctinip£iny d% iequircd bv %ection.18fi of thc 2tH)fi Act; or thg aLLUUJllb do not accord Mitli tlii?s¢ r¢LcirLl%-. or the aLLuuntb do not LC)tiJpl)' i4.iih Ihg &LLuuniitlLJ requirctncnt% nf seciion 396 L)I' the 2006 Act nihLr th<ln an}. rtquirilli¥lll Ilial tli¢ <iLLounls gyive a trLLe dnd fair i'iew w"hiLh is not a maiicr c()nsidered & pan of an indq)endLnt exaJnll)ation: c)r IIIC dLLcTruiils 1)<lV¢ beeii prLpared in JLLI)rdanLe with thc TllLthI)ds and principlc% of the Staleineni of R¢ionunttJdtd PJ'dLli¥e loi a¢LiiuntiJigTr ld repiiriiIiuN hy Lli<tnlitrs {iipplicablc tn ¢hanliL4 prq)arit]g thiir alcouiits ui tLLordaiiitr 1111 the Fiiiaiilial RepuTtin(T Standard applicablL in thi UK and Republic of Ireland11.'K% I l}?11. I h<lVe ionLenis aIid liav¢ Lome aLru%% no i)ther mailer4 in connccrion u'iih thc cxamJt)arion Ii) which aitejition shvuld be drdwll in lliib repota in Jrder i<) ¢n<ibltr d propcr undLr%iaiiding of the accounis io be reailied. Sitypliun Il'ilbvll FCCA Uptoii IV21%(Trn l.ld ClianLrvd C:Lnitied AcL()uiiunts l.cighi()n F4uz7ard Bcdfard%hirL I.U7 1 D.4 l)aie.' 9, DcLLmbcr 211?4 Pa¥ie 4
'I'HE CITACF.GROVE FAMILI. Tr'OUNDATIO Incor ratiij an Incomi, and F.¥ eDdilure .4ccount fiTrr the I'car Ended 31 P*larch 2024 31.L13 24 31.U3 ?3 Utu"e4iriclLd tuiid Ujutstricred Ni)Ic8 INCC)MF: bRC)rii Tnvc4iincni Incttme 52.6.$3 49,013 t)onations 37,5UI) Total XPb:NDI'I-URE ()N: RaiNin¥ fund 9,356 6,¥68 14,213 4,001 I'otal resources expellded ?3,569 r%ct profit i {In%sLqI fin ini'esinieAI 116,715 89.583 ET NIOVEI NlTr"ry'l' [1[) 145,799 {1.3,939) Total funds brought fnrward I,X3ti 5?0 1,846,45)( IOTAL FI,"IDS CARRIED FORIN'¥lRD ,97S,-I I V) 1,83? .$20 'I'lir %ldtLm¢iil ol. li111[ dLlJi'ilJL'S iiILludeb all 8aiiis and Iobse% rcc()gnised in ihL ycar. All in¢ome cxpcnditurc deni'c frnin colitilngJ (tLliviiit5. .1 lic note% t()rni pari ul. these fJndnLldl staiements I'aEe 5
'I'IIE CIIAI.'EGIIOVP: b'¥lP*lll.I' bOLNDATION ilalaiice Slieet 31 IIArch 2024 ?024 20•3 FIXED ASSETS 10 1.836.878 1,660.977 C(1 RRb;N'l' A%SI,;TS Dcbiojs Cash at bank and in h2tid 7,500 164.93g 14.5.461 14.5,461 17•,439 Ainauiit% t'alliiig duc within i)rte year 18961 NE'I. CLKRES'I. ASSb:'r 141,441 171,543 'I'I)'I'AI, ASSTr',-rs LES% C.I.'RRF.N'I' I.I.4BII.I'I'IF.S 1.978,319 1.¥32,520 Tr"LNDS UiJrLStriLied funds 1,97X,319 1.832.5?0 TOTAI. FI..D8 1.978,319 1.8325?0 -IlJr fiAan¢Jal sl<lteiiitiiis were approi'ed by Iht T1¢¢% and auiliori%ed for i%%u¢ on 9 DeLember 2024 and were signed ot) 11.% bLhJll'by'. J C'ox 'IrusteL Tlic iiol¢s pan L)r th¢s¢ liiiaiieidl %tatcment
'I'HE CIIACEGRON'F. Tr IlMII,I' Tr.()UDA'l.1U utes iu tIJL. Fitiancial Staienients (or the l elli. Eiidld 31 lldrili 21124 ACC'OLY'I'I.NC. POLICIES Cli#i'iti' infvrTll#tio -L-ILC C'lidLtgiri)ve l.aiiiily Fc)unddtlClll IS A LhdfiidblL IIILorpvratLd orga1115aiion leg> j.%iered oli 12 (jctober 2UI ¥. frlccibiiiiling rcinientithn lie liiianLial slalLmLnlS hav¥ bLLn prLparcd in aecordancc wilh tlie cliariiy's 8owcniiJig docuniciit. the C'harjiies ilct ?01 I, I.IIS111? ' I hc l.it]<incial Rcporting Staii(lJrd Jpi)li¢ablL in th¢ RcpubliL of IrLland" I"FRS102"} dnd Ilie C.liarili¢% SQRP IILLuunling ¢LiiII R¢purtill¥ by Charilies". Sthtemeni of RecolT¢n¢d Pr,lelJ¢e appliLttble 10 LliaritlLN preparing IhLir aLL()Litit8 in aLLLirdatii¢ ¥viih thL FinanLial Reporting Si<2ndard appliLable in the UK and R¥publiL ol- IF¥14nJ IFRS 10?)" l¢fl¢¢lik¢ l Janudrv )0191. -rile lhliV 1% d PubliL Beer11 Eniil) d¢fuJed by FRSIO? Th¥ Lliarity ha% l<ikeii ddvanlaLTe ul'ihe pi"ovisions the SOIiP lar ¢bltieS 1101 lo prepare (I Staitmenl olcdsh Flow%. .11¢ IindnLial stilt¢t)ien15 hdve depdrted fioin tlie L'liarilies IALLouiiI and R¢pvrls1 R¢gTuldiions ?008 onlv lo t]ie txteIit reciuiied t4) p)r<)Nide 41 tTUe And tair VJLW. 'I'lli departufi IIA4 iilvcTrlvi.d Ii)Ilc?winu tlie SialeillLlIt ol. IleLt)JllIlJcIid¢d PrdLtILL tvr Lli4ritiL.4 applying I.'R% 10! railier tliaii Ili¢ icr%iuii ol-IliL %idttyiiiLnl ol- ReLL)Iniii¢nded PrailiLL i%IIiLIJ 1.% refeed to iii tlic RLgulaiiL)Ti% bul whiLh li<15 SIIILL. bcLn H-.iihdTawn. ThL linancial %tatcmctir% arc prLyared In 4tLrlin¥, which i% the ncIlnl currenLy i)I' thL Lhdiily. Monetary dtiiounL in thesL finalicial %taiements are roundLd lo ihc I]LareI £. -he f2lldnLidl sialLmLnt% liai'e been prep£ifLd undL'r thL hi%lorical c()Si L()iii'¢ntion, modifJLd IcTr inLludL tlic iei'alualioii of fjrLLlI()Id pii)p¢itl¢S tu Irildi invesinietii pitspertjLS at]d LCrtaiIi finani)41 instwinent% ai lair v(tluL. 'I'he principdl aiLOilIllilib piTrliii¢S aLlopled SLI i)ut below. Goinow coiieerii At the tinie ot. apprvviiig the linaiicial sldlLIiiLtit%, the liavc d fia%onabl¢ expcLtation that the Lharity lias adLqu<ltL re%Durceq to coniinuL Ill tiperalioiii& l exislLfiLi tor Ihe l(Ires¢edblL fuiurc. rhub the coniinue tv adopt Ihc g(Tringy L(IncLrn ba%1% of aLLountirt¥ in preparinTr ilie fllidnLldl stdien)¢nts'. Charitable fiiiid lJnrg5triLl¢d fuiids are available Icir u%c at the di%crLtii)n vt'thc trustees in furthLr£iiice ot-th¢ir Llianiiible objLLtives. R¢blriLled I'und% ar¢ subjeci to specific conditions by donor% as io how thty niay be usLd. L'lie purposes dnd U%L'% of tbe rtbtriLILd fuiids are set oul in Ihu noies to thL tindncial sthtemL'nts. L.EidowIiient ludS dre %ubj¢il to speLifiL condiiitTrns by donors that Ihc capital mu%t bc m¢tiniaLned tlie chariiv. Income InLI)m¥ is reiooTrni%Ld w,h¢n Ilit cliariiy Is l¢gTally eiitLilcd to li after any pcrfomiancc condiiion% hai'e bcen niL'I, lh¢ ainouni% Lan be ineasured reli(Ibly it probable ihal itlLOtne .711 be reccii'Ld. C.a%h donation% l< re rccc)bynised oil reitipi. Oilivr dundtiot)s are recvgnised oncc the Lharity has becn nDtifJed (Il. the doni< lion, unlc%s pcrfoniiaIiLc LC)ndiiit)iib requirv aLLettdl of di¢ dIiivuIiI. Iniilmc ieL()v¢rablL in rclation t donaiion8 r¢¢¢ivcd undcr Liitl Ajd or deed.% ot. coieii<tIil is reLogJlliseJ al tlie tiiiie of lh¥ dunatiort. Lebyacics are reLoLFnjed on reLeipt or nthcrwi4¢ Il" Ilie Lliarily has beeii notified of inipLnding di%irihuiion, Ihc amouni is knO.n atTrd r¢¢eipi 1% cxpccied If Ilie an)oiitit Is nul kniow'ii. the l¥gF<lLy is Ireated d L()niiiigcni assci. Expenditure Expciiditur¥ Is recognisLd on¢L therc is a ILbyal or LOiL%tn]clivL ()bligJalion lo trdnif¥r eLonomi¥ benelit lo a third party, il 1% pi<Jbdblc Ihat a Irdnsfer ot CLanomic bcnefJi% will he requirid in sviilenieni dnd ihe dInouiit L)fthe obliEaii(Trn Lan be ItlLdbur¢d reliablv. I'.xpeiidiluiL' 1% Ll&¥sifiLd by &Ltivity. The cog1.9 ol-cach ac11llY arc InadL up of thc lotal dirLct LO_%15 and 5hdr¢d cosrs, Includitl¥J %uppoi1 i051% invulved iii llndertaking calh aLiivity. Dirict Lust% altribuiable to a sill¥ilc aLtLVltv aro allocatLd Jirecily lo Ili&i actIlly. shared Losts 'hiCh LontribuiL Ic) Tnorc Ihan on¢ t(tivitY aiid buppon costs ',2ge 7
THTr, CHACLC'RUI'b 'AlI[.1 IIOUINI)ATION Not¢% tn Èhe fiinallciAI StutLniinls- ¢oiilinued fur tIIL' l'ear Eiide(131 .Nlarch 2U24 whiib £iie nut allnhulablL 10 d %iiigle aulii'Jt>' ale apportii)nLd b¢lii'¢un thtsse actii'ilies on a basis con51Steiit 'It]I the tse Lil. rL%C)ufLL%. CtIitral slatl- cosis are <ill()c4lLIl (Iii bi1s18 Ilt. iimL %PCllt, and dcprcciaiion charuTre% arc alloLcltLd i)iJ tlkL pofiioll of tlie asser'% u4e. UnrL8iriLicd fund% <ikailabl¢ lor u%¢ Jt thc di%erLhtiort of thL tnJsicc% jn furtlicrat]cL of thLir cliaritablc objectii'eq. .411 rc%ource% cxpended arL' fLLouni4ed i)n ali accruals basi%. F.Kp¢ndityrc 1% rccngni%cd oncc 1% a legal or Lon%truitiv¢ oblibJaiian tn inakc a paynictit io a third parry, it 1% probable that %trttlement will be Tequired at]d the atnouiii al-thc obligaiion can be mca%urcd reliably. Fiicd 4SS¢t lI1¢Stn1¢1lis Fixed a%4et ini'e%lIiienti are irtitldllv valued tneabured at IransaLtii)rt pn¢¥ exiludingF tr<¢11[)n Lusts and &[¢ ubse4uenil)' Ji)edsuied at fair kAlue ai edLli itpot'titi¥ dale. ChdtJbFes iii fair value r¢Lugnised in nel Ile.Kpenditurel lor Ihe yedr. Tiansaciiiji) iosts. are expe115td as uiiurrtd. C".ash #nd ¢a$h equii'alents Lash and tyagli ¥qiiivalLiJi4 In¢liJd¢ La4h in I}7d, dep051ts held at call with bank5. ¢iili¥r hc)rt-I¢Ttn liquid inveStent witli (IriL)inal niattiriili.% of thrLC in()ntli% 01 and boink (IwLidrdfrs. Ilank oi'erdratts arL' ii-ithiii borroH'ing in iurreni li4bilitleS. F4asic f]naiiLi<21 .h]Lh includ¢. d¢binrs and ¢a%h c1nd bLink balancc%, arc initially niLasufLd at [r]ar11()n pri¢L inLludinu tl(Ifi%dCti()n L(1s1% and are %ubfiequently CdrriLd di ainani%id losi u%ingy rhe ettcc1l'e inlvrL%l mLilicid unless thtr IrLjinci Luntitute% a financing Iraii%action, ,hCrL IhL trans¢lLiiUli 1% JncasufLd al th¢ prL%Lnl i'alue ot- Ibe tulure reLeipt% dJ5LUUlltLd dl d market fdte ol- inteiest. Fillluicial as%ets cl2.qsilied a% reccii-ablc wilFiin i)IiL' are iioi lIOrI]Ld. 14£ts1¢ triii<iIicial lial)Iliiie%. IIlLliiding7 iredilors aLid bdnk 102ns are Initially rccogni%ed ai tran¥aciion price unless thc anngcjnent Liinstilute% a tinaniiiiq trdn%<lLtinn, where IhL dibt in%irllIii¢Iit is JnLasurLd at th¢ piesillt walue of future paMentS di%LounlLd ill l< Inarkcl rai¥ ()[ inlLrL%l. l.iiiaiiiial lidbilJliLs Lla5silied ts paydbl¢ within onc yiar are noi Jmorti%cd. DLbt instrumenis are sub%L'qUL'ntly Carried dl iunorti8ed cost. using the ettectiv¢ Interest fdle nicrliod. I rade Lredil()r% ar¢ obligalionts to pay for good% or serviceq Ihai have been acquired in Ihc ordinary Lour%c of operation% frojn iuppliers. Amount% payable £ifL Lla%sified aA currLnl liabilitics if pdynent 1% due wiihiD OiiL year or It55. Ir not, thL}' are pre%entL'd a% nnn-curreni liciliilitie.s. 'I'radL Lrc(lilors art rLLI)gnid llulially tTdnsaLtion price d subbequctitly TtILi14ur¢d ilt niortl%Ld Li)%t uNiii£J IIIC LfteciivL Illteresi nietliod. Deri'oANiizliun épf.fiiifiiic.iul liobiliti¥) I,iniL iicial liahilities arL dLfLLI)¥1115¢cI h¢ll tliL Lhdrii> s Lontractual i)bligatiot]% cxpire orare di%cliargLd or caiicelled. CRITIC.-AI. ACC.011.N'I'IN(' b'S'I'I.ltrlATES JUDGEfiiENTS It] Ihc applic<iliDJi ot- IhL Lli<irily'% accounting puliLies. ttie irnsie¢% Lire requirid lu niakc judg¢mLnts, c%iinTratLS and a8sumptii)ns l< bout the carryin¢T £iJnoutil i)I' assgls iiIid liabilities ihal <ire not rLadily <ipparLnt fr()m other sourLLb. 'I'he eblimatC% <lnd LI%%OLlJtLd a¥4uinpiii)Jis ar¢ b<ised un liislcTrTiL&il experieiiLe and other faLIQP% Ihdt ar¢ cnn8idcied tn be relevant. Actual r¥sulrs nia}' differ from Ihe%e estiniates. Tlie e%timal¥s and undcrlyinbw 3s8umplioii8 arL fLk'iew¢d on ongving7 bdSlS. Revi%ions lo accnuniing esiiniatcs are recoLTni.%cd in thc pcrind in which tlic C%llJnLll¢ is r¥vised wli¢i¢ tli¢ re110 dfteLts unly that penod. or ili the PeTiod ol. thi reki%ion <ind futurL pLri(Id.% wlicrL Illi fLVlSlOJI at'lLils bvili currejii fuluie peri()ds. Page 8
THTr. cHAcEC.ROl F.&NIII,Y TrOLINDATION otes 10 the l.'Llldllti#l %ldteiiienis- coiitinued for the I't'ar Llldt'd .1 I IlIar¢h 2024 IiYVTr.s-fI.y.I ?(J?4 2U23 lllLoine ITOM li51ed Iiiv¢sini¥iiL IntLre%l reccii'able 25,OR7 ?0,470 49,013 RAI%INI' bl,'ND ?024 Inve4tnient Ji)ana¥etiieiii 9,356 6,868 CII.4RI'I'ABI,b: .4C'.'I'II'I'I'iTr'.S 20?4 Chanb]e expeiidiiure %liare l)l-gTllI.¥rn1lTrLt Lo%1% {%cc noic 6) 1?,744 1.469 3,000 1,001 4,LlOI SL.PPORT COSTS Suppart Ouv¥niaiiLe iosis Losts 2024 Suppurt Guvernaiice Lobls Cl)s1s 2023 Suppurt COSt 1.469 1.469 1,001 1.001 1.469 1.469 I,ooi 1,001 Analysed bviwLcn CharithblL aLtiwitic 1,4()9 1,469 1,001 1,001 'rRI,-STf,F.S NiTrnu (It. Ilie irusiee.% Ii)T any persolls LOJIIILLtLd w'ith thLJnl rLceived any rcmllneration or bencfjis Ir(ITn thi ¢li¢irJly during thL yLdr. 8. SI".4TrF COS'I'S I'he aerdgL tnonihly nlibe1. of Linployees during Ihe veal ..a* a% falloivs". ?0?3 Tot&1 No elliployiLS rcleii.td emolumenis in excLS% Ot £6V,UOO. . J. GAINSII,nSSES OLN INVF.S'I-TrIE.)I-&i UiirL%iriLled UDre%trict¢d 2024 ?023 1_33,554 16,¥39 {l.1)s%1 ()n %ali ol. illVLStniellt% 171.6761 17.9071 116,715 181),5831 Page 9
THE CH.4CEGROVV; I,.A.111,y I,'OIIN DA'I'ION otes lo Ihe fiijancial %tatemcnts- conthnued (or the I'¢ar b.nd¢d 3 1 lArch 2024 10. TrIXED ASSET IfiVESTMTr:N'I' Li_%tcd ini'L4tinLnls ur Tralu#iioii Ai l April ?023 Addjtiuri ValualioLI LhaJiL?e Dispiisiils At 31 March ?0?4 1,660,977 3?8,3?8 133,555 285.981 1,83(>,878 Carrl'illg amuunt Ai 8 l March ?U?4 1,836,878 Ai 31 March ?023 1.66U.977 11. FIINAINCL&L LNSTRLMEJTS 20?4 ?023 C#rrviiTrg amullnt of fiii#rtei#l asset5 )struiii¥iLls nig[ed dt fair K'dlue IlirouiFh prufit nr loss I,X36,878 1,660,977 12. DEB'foRS 2024 20?3 ()ther debtor 7,500 13. LREDI'I'UR%: LIIOIINTS FALI.ING DIIE II'ITIIIN ONF. YF,AR 20?4 ?023 AiLrudls (1 de1¢ed iiiLI)nie 4,0?0 896 14. Rb,LATED P..IR"I"I TILth8,IC.TIO)S .1 hLre w'tre iio rLlai¢d party Irdn%actinns [()[ Ihc }'car LndLd .8 l March 211?4. Pagc 10