¢harity reg¢slr8bon 118463 comp reglstratkn rNInber11S92194{EnBnd and Walesl GRANTA TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
GRANTA TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustaos Rausmg Rana Dasgupla Ge(rye PKKhn6L Charity numbor 1184638 ¢omparhy numbor 11592194 Reg1s1ored office London UK W114QR Audltor Bright Grahame ljurray Empèrorfs Gale 1148 Cromw1 Roa LO SW7 4AG
GRANTA TRUST CONTENTS Pa98 Indepdent audilafs rer Slaterntafra[Kjal admks Sumiary IrthMe ONwlure O>jnI 10 Notes lu the finarthlsialerTpnts 12-22
GRANTA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees wesenl t1r annual atKI Ina[ IlheYeared 31 Decewkner2Q23. firhonuel slolem¢nts hevc b¢en prcwred in xoyd¢Cllth 8wounbry xt wt M notc 1 to ihe finynciel sialemenLs and comkly with Ihe Tr.$¢16 cOp¥e$ Art21 8.Anhry an¢ Rep)rbrvJ by Charibeg.. Stalernent af Rernended Platte aprlK to charS pteparry th[ )unt5 in aCcAdan with the Finaraa Reportin9 sdard Èpplitablè in Ihe UK ar Rewbh'ttr IrBiwJ IFRS 1D21 lÈffethYe l J8tL8ry 20191.. Obje¢trwes and a¢ti¥th"es Twsl's obj8¢ts are, th? th¥rementl Iler8ryts. li parti¥rIha ofn8w aThJ emergin9 ¥thlhy 8nd thè adv8ncemwtofeduc4K)n Ihr<W the ofldwwy arKI lrf¥aw Thp trustees have paid due regard lo gUKlan issued by Clwity in deciding %Yhat h¥theS the TTUSt shixAd ndertakp. A¢hievfymonts and p0rfwma Financial review TrUSeS ha revWl the reserves In the kght of the subslantial dorK4bi)ns rec&¥ by Ihe Trust in this accounting period. These donations provkle Ihe Trt an exr£idaYe wtrich VAII generate YeSent income lo supwrt the charilatle llYe5. It is Ihe Iwslee5' Intenn thal cawla sho be eSee to maintain the level of invesltnenl come. bul the capital 15 expdl In ra5e uwl and unforeseen need. wll alc¥1 Ihe Trust's current aChveS to be sustaired ¢w$thr¥tn is 9itfen ta Ways r thich addit) funds may be rstrJ. Trtstees therefNe eongder that r&s8rves should be lily an anKnI wtyole to Ih? Trisl's and h9¥6 m8intaned jh l$vel of reserves throughow the year. In¥•sthi•nt Polky Trustees reviewed the avalable rveslrnent of Ihe eXperable e(Tren1 a( 5deLe(I the CCLA'S Eth1 Fund Trustees recwve rpgular reports tr(Th Ihp CCLA and ttEet aTwwalty ith ts rewesentati¥e. Cash tH1CP5 not irnThedHty nè8dd arè pLqcd on thort tsrm dèposilwtrn thès ar4 aVaILa•t nM)rè tham a tIonal rat• of wlt•rèBt. Rlsk rnanagomont trustees have ass•s8ed m8pJr risks lo ty¢h theTnA tstI4$ed. aty sa$6d thai sysi8ms are in 10 milwjate exposu to mw r&s. Ro$orvo$ lleY Th8 Tslee$ haye esta4&thed of thaithethawitywht 10 hawa. T1 furpJsaTr edd lo". cover supwn and managemeni costs provwje knndsttich can be desgwtwl lo spwific y(wcts to enatrde th to be uthtsken at short rrf)tiLY,' achieve a IwuKI reserve to prw¢e yer fijrtlmy chb eXpendre. The TSleeS conlnueto Thonilor ar reWewpentyIhe evd d resetves vi with the setting of amual budgets Iht develownioftr knntom stsaw b meeithÈ gets of th8 drty. The chari pohcy tsto mamtain 8d8quats funds Ils ¢<arwilmwi$ fc¢ Ch*1¥b proftds in ihe se(aN. Plan8 for16 F(Y Iheeth years otthe Trusfs opwations. trustees. fr$ I be M oVersWoflheowau business to salsty Ihernselvesthat il omaling efftiVety and n a way ttHI fuffI5 IhETnJsl's tharitaNe putTX)5e5.
GRANTA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Stru¢turg, govomanu al manawgn¢ Granta Trua a ci)rnpany limited by guartrée. It i% by its MerTh)Rtthrn Arbdes of ASsalKIn. Related Parties and Connicts af Inierest None of thetmstees received remr1 other [Isfor ther lfOr tr charity other th thttse dtsdosed In ne8 to the acwunls. transaclior6 bel¥¥een trE Trust trustees orsenK)rmanagement or rela1j partEs ffust be thsdosed lothe 8oarrJ. Details of rdaiod partYtr5a arn disced in nots 22 10 the &ts)this. Tmees are required to disdose ai relevant ii&r8sis and r8g¢ler trm annualy wih lh8 TrU$3drrntsI1a1l.al In (tyan¢t knlh ¢ Trusi's Conllict d Inleresl Policy lo wthdra¥Y trom decn5 Y4here a )fitel intuesl arise& Thg trustees, who are also the drectors Ihe putw of cortyatry kny. ¥tho Seeddurig Ihe yearatKI up to the (Jatp of 5i9natureof the finanrAa slate[ents wefe". Siwd RaustvJ Rana DasgLpia George Prothrwk De•1$ of method ol re¢nthieffl and apwnthwnt oftrust60s Tru51ee5 are aTrIed lu the tM)ard m the basis0fthrsklls experi In erfherlh& literary Ordritab field. Tnjstee sppointments are for an iilkql peri of Ihree ye8ts. Supplièr Ptymènt The t[panY9cUrrent w1{X)ncernirO the paymerrt 0ftre uedit(Ys is to Ihe CBIS PrOmptPaYe Code (cry)s are available from the CBI. Centre Point. 103 New Oxford Street. LotHJon WC1A 10UI. Th8 IXYllP3llySDJtrent w1{X)r19the pay[[ oftrade credrtry5 15 to." settle the tem)so[pamenl swwierskn 89reerg the temis ofeath transa¢lion'. ensLre ih815upplr$ 8rg awareofthe ofpaymwl by thfr r4evanl twThs ID contracts. an pay in acu)rdarKx with ]heCpanscOllIraua arKI 0#JaI ob1vJaiS. Trade trèditots ofthè cyxnpany atlha 8wvaert to 31 days. pjrthases. based daily by Supp1B during pwDd. Detalls of organ1sati0n structur• an Trust employs gM staff 1¢ tdl 8rwJ s1 mwr. aThJ 10 W8tyy I. (r runn$. Iuding ntrac1 admini51ialion, productK)n, rnatkelry and pUty, and IT JeoutsoLwced to GraTla PubliGati)ns. charges loi time spent on the TrJsfs operatk)ns. The day to day Trwawenl olts operab"or6 oftrtTrust is overseen by the ExeculNe Management Board. whth rewrts rewlarty t> knstees. Tre Twslees cty)gder ih81 tre ofTrustees. the Edrfty aThY t)ewty E(Itot ¢ptse ts key mwa9enEnt of ihe Charity in ¢hatgB ofdiieLty arvj c¢ntro4lwJ Lanty iisday io day (walK. Audltor In afforda wlh the¢tsThpanWsarfides. a re$dutth proFwg Ihal Pht KrraY rwpcinted a$ auditor of the cotnpany wll be at a Geral Prfncipal oifico The address ofthe rpaI officeof the thanty is 12 Ave. LorM1. W11 40R.
GRANTA TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees, reFxKt4YdS 8W)roved bythe B03rd ofT[tst. Siwd R8usrKJ Tiusteo 16 SÈptern*r ?024
GRANTA TRUST STATEMENT OF TRUSTEES. RESPONSIBILMES FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 trustees, wtK) are asDthe dreLx5 of Granla Trusifurthe wrTDse ofuxTWy law. are te5ponse far weparirwJ Ihe Trustees, Reptyt and the ne1 swtements il acety apiC * and United Kingkn AC))tir9 Standards (United KiryJLKn GentsYal Accepted AccoLrliw PrxlKo} Comp8ny Law requres the Iru51ees to prepare financwl Slaterts0re fvanual yeafwthth give atTue atwjfair ¥W of the State ofafaiTS Trust and of Ihtr in¢tmirvJ rerts$ and drU2$. Indudny ll)è inwmB and expendiW, of the Chailab ¢cnpanylty Inal year. In wepwng these finartl slator(nls. tnkstses we iwjwred to- -sdath suitaYÈ aNlthÈn appty - d)seNe the melh(hlsand pmrarles in [arit SQRP.. . makelrents e5timatesthat are rednth prLxI . staia wPthar awlSc8bk uK]xr0 Sta)dath ha% W folty•Fed. subiKI to any n81 d8partwas d)sed and explaine(I In the 5tstemenis.' and - wepare Ih& financHI $tatertEnts w Ihe {cE bays eSS it is h4apFwate lo presuffte Ihatlhe Trust11 contsnue operation truste9$ arg [07$bi9 for adewale r8oxd$ thaldi5eh)sowdh r985(J78We accuw al any the finarKJal p05rtn of the Trust an(1 enatye Ihem loenwre that the sts1¢ts th¢ Companies Act 2006. y e also reswnsible for 5afeJu¥thng a5sels oftt TnI51d tor aSab Steps for the pievenIn gmd detsction offraud <Aher itrBgulariis
GRANTA TRUST INDEPENDENT AUDITOlfS REPORT TO THE TRUSTEES OF GRANTA TRUST lon We have aujited the financ1 ststements of Granta Tiu&t ithe"Trus-.I for year en(Jed 31 nember 2023 wlNch a)trpri th& gtat8tn8nlof financial aciwti&s. lh& sUm[rY it()[ and 8xp8pditw8 atnt lh8 baLr sh@&l, lh8 stat@m8nt of cash DWS noles to the financial stalernents. 1rdng wknies. ThÈ ncK¥1 tr3rtEwork that has been ¥M)ld in thr kWar¥I¥ ts ap)1 law at¥J United d0[ ActnI1[j Stsn&grds. Ul19 FiwGial Reporting sdar 102 The RepÉKltr¥ StandaPpI N) Èhe UK and Rep of Irelartdlunited Kingdom Generally Aryted knnbrvj pr). In ouroFinKm, the Statents.. give 3 true arxl fair viwi ofthe state of knedwitaLqe uxnpanys aKS as at31 December 20 arNI of ts incoThng resourcps resource& for the yearlhpn £ed". have bew pr(Y prep in acc(KdarKe ith Unw Gervalty A(xttl Fbctwx.. have been pyyetl in %Yith thfy requywnentsoflhe cLKnPan Act 2(KJ6 a5is lor opinion We conthcted our 8ud in a¢eorthee lThtvr01KThI SlaThlardson IUKI IISA5 IUKlland aPp&Ie law. Our [OSFx>wblibes der those siarKlards are futyw described in Audilolsrewn&bilis lorlheauditoflhe finaCl staleffienls sethon otixY rewt. We are ient ofthe Trust 3ccorf3n th the ethicd requirements that are relevant lo aLOrE fwnc4al slatetrEn15 In Ihe Ult. irK1uJgthe FRC'S Ethral Stard. and we have fufilled our othèr th¢8J respon$lilS in accordance wlh IW8 requirwents. W• Ihal Ihtr audrt evidenco sv& haveobiained is SuffiCTrt arKI approw2te to provthle a bas fv (rOpr. Con¢luslons relalSng to golng ¢on¢ern In audng the finanaal statements. we have that ts tru5tees' use oflhe 1r0()nCeM basis of in Ihe pr¶iM)n of the finartial staiem8ni8 apprOlate. Based cn Krrk we have perfcrfr. have nrA hlenrifieil m8teA4 r¥atirvJ to CK conditic$ ltrth. diwdualy orcdlpcliv64y, Thay cast swifKaTrl doubt the TTu51's at¥lty to as a g<Mng Corn for a pgriod of al tlwdveThonts frcyn when the lin3C staterrbEnts are authorised torissue. thJr tpwbihbes the rEsp)[bIll ol trustfes with COt¥xrn ¥e dbal in Ihe t8lpvanl sectK)ns of repth. other Information The other irformalN ¢xxrye5 1nfarrThHt indLMled anrwa rewriolher han the ncL41 statements and our audilofs re[1 Ihereon. The trustee5 are re5Prnse f(Klhe other Infr¥mat taed wttNn thp annual ieport. (PiniDn Om tha finartial statements wl cthBr inform8iKJn and eo noitrxpress anyfom of a¥suram¢a wn¢lus eon Oui iesponsibdily Is t? read Ihe othtr- . thi dorg $0. SIderether ihe olh¥ Informathyl IS materially Irv13t¢nl thnlh fincIal stotfrTwts or knOdQ¢ obt¥4ned in ts wr5e olthe audit. or othEYwise appears to be maleri811y If ¥¥e Wlfy sh m)twia ifL)l$st¢¥ rfy8rent mal¥ial tnisslatefftenls, we arfy required to determine thher]hge5 re to a maienal Mistatement in the ststem2nls thetnsdves. If, based o the wort we have pertorwd. ¥4e CtydutettIthe is 8 m8ien81 $StatrI of thÉ infcrnètitr), we 8re required to port that fact. We have ndhing to report th ryd. attews on which we awp rU1 10 rew¥t by exclon We h8v¢ ndhing to report rwect ofth8 Iclh)wYvJ ma8rs in rekgkn th8 Charo8s lknwnts ar Rep)rtEI Regulat5 2D08 18qure us to rewKt to you . n OurWK. )e Infomauon yvtn In nn8n¢i $iemÉnts IsinrSOthtIn any Mats1 $pett wbth the trust808' roport". LY suffiCEnt accwnbry recort ha¥e Th)t kept.. the f3ncjal statements are in agreetnerrt the rp(xKes" we h3ve not recewed 311 theInf(xMa arnl audit.
GRANTA TRUST INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF GRANTA TRUST R9$prjnbllllfj$ of trust¢•s A5 exaIned me full> "he State1 of Ituslees. rEs[blit1es. thettee5. wkK> are aso the diiectors ofthe TrLJ5tfor th8 purpus8 of copatlSy1. th8 of fnanEi4 strdt8rn8nts arKI for b8ing satisfi8d that Ih8y Ive a te fair YEW, and Inlptna as the trus deter[TY 15 rSsary ID enab the preparBlion of fin8nc4¥1 Sta9n t1 are free fretn Try$stsiel. whFIFer due 10 fraL ot ettor. In ptppanng ihe fnantsal ststements, the tmslees are resSIble for Trust's aNIty lo cOe as a 9¢A c¢Mneern. disdosing, as applicab, rnattets rdaled lo grfng Us9 the baSOfaccwnIg Ue5sthe Irusteesether intend to Iv4uidate Iha charrfable ccvnpany orto cease Lwatiuns. have x> reah5tK aNernatNe bul to do so Audllofs responslbll(tle5 for the aLKlliof Ihe ftnanclal stateme We have b2en appointed as audilu under 144 o'the Charthes Act 2011 and rerth n accordan the Act and relevant regulalKJn5 made havry effect thereuThler. lknro4ecb¥es are to obtan reasixHtrAe assuran(? ?11h2therthe tCla skiements asa whde are free froffl matenal miss&tÈmÈnt, wheiherduÈtoflaj ot Èm. and 10 tssutr ) repm lh irt1(XJr 0ryOn. Reasonab assumn K% a high levèl ofasstyanct bul 6 rth a guaiie8 thai w aJ l (wductsd F) accordar ilh ISAS IUKI %yill abways ¢i¢t material misslatemenl when it est5. Mtsstatements can artse fr(xn fra orerror C{)ded Th31erial It. hTrdiwdually or in thB aggregat¢. Ihey COU reaS(XY exFECted b Yuen the eCo[C dec105 ofu5ers tsken on basis of these financial statements. The extent ID wlich prOdureS are capatrAeotdetecDry Iarli iithdiry trdl. is de131ed bebw Extent to which our procedurp5 c4 detecting irryjlawili95. in¢luding fraud. Wa Idenbfy and as$8ss rtsks drnat8nal rni58iemtni oftr Stslemwts, wWItrd knfr•Jd lx arrc. and then design and rfOrM audit ProdureS reSSe to those risks. iTrYudiro oblan1 auLft edee thai is su[fict and appropriate to FYovide a baS forwr ¢yrM)n. In Identsfwng and dressing risks malwi mi4statewl in r•spKaofirregth8iitss. incJdiThJ fraud ncno)Mr41¢e wilh laws and regul8iv)ns, our prc¢edures irKILKknJ klhy¢ring". We obtained an understand9 of kn and regjlatiorts Ihat alfect the Chatity. on tkM)5e that a direGI eff6d M the finawal Statem1$ thai trad 8 nda18ffa ils opErat. Key arvj tsgLAaih)ns Ihat i(nufied Induded the X leo¥gaiion, chan1J>t. We enquirwl ol the Iwsteos aThJ rev6wJ Iruslees. ffwtirvJ minutes ftx e¥¢enc8 of non-tory)Irancg wth relevant laws and regulaons We aso rev% tr¢the tree5 have In to ensuie c(¥mc. We ga Ded an undet¥tandirvJ Df 8rf4uaiwJ ts cty)trtds tru have plF 10 PtFvenl arpd d8lFd fra1. We ol dL¥)ul ul Ira ¢JurwvJ IhB dccuuiitin9 peni. The risk of fraud and mtFcOmce wtth and re10S fra1 was diSCU5sed wrfhin the audil le lesls were ped arKJ lo ldrE55 these rE&s. We wtential for fTaud in Ihe folloMng areas. We reviewed financial stalemeffls dtsCJOyeS and lested to 5urwkng drmEntiOn to assess lIan vjilh relevant laws and regulatn5 dISSed We enquyed ollhfy tiusiees 8ts)ul 8CknJal ithgalw cns. • We perforwl analyLc& vocedU lo identity any urexpeded rda1#shlps ihai mi( indKate risks of material Thi5Staternenl due to fra1. In addressro the nsk of traud 4L to managen)&r 0¥8rrid8 01 contLI %ve the apkrynaieness of journal entries and assessed whettrr Ihe wdgernents ma m rnakrvJ trjunr e5tYnates wwe indicative of a )tenlial big$.
GRANTA TRUST INDEPENDENT AUDITOlfS REPORT (CONTINUED) TO THE TRUSTEES OF GRANTA TRUST Due lo the inherent Iitniabon5 Lrf aLKlI1. Ih&e is an UDavoWJab trle tnay noi have detected some materi misslalerrents In the financkql $18tements, even th)h WÈ have prrY KAaMed perfcthied Our in ats>)rdance wilh audibng staDdard5. For exampk). as %wth any aL1. IhsrLI reMwd a h¥er non-delect on ofirregLlities. as ese m3y illvolve colusion. forgery. intenDora I)ronS. mrryrÈsentstions orihe of Inllynal controls. We are not respob for pyevenbng fraud 01 Mn-¢x)mPr ¥vith 3tKI rEgu110n5 (zntx)t be expe(led lo deted al fr&d and non-c¢Ynplian¢è wth l&¥$ and rt9ukbuns A fwtherdesupton ofow reSr11e5 is avadable the Fina Re[tIlg C(xJncil'5 WeIe a". https.'llwoAYfrc..kI4dlt(s[eb1thS This deP forlS pwt (I¢Mraudrti¢s rerrfKL Use of our rFpNI TFMS rep(1 15 tnade sdetytothe c1wity.sln. 85 a iKyJy. xothtKxtAh part 4 ofth8 Charities lAnlS and Reports) Regulatr$ 3J08. Ckjr aucfjt work has been Ltyjertaken s¢ I1e mwl slet0 the ¢haritys trustees those matters we are wued 10 Stale 10 rtrn inan a11$ rep for tsittrputpose. To the [81 exieni ktmiitted bY18v4. we noi 8ccepI or assume tpSlI to any£#¢t than lh8 th81ity aTrJ the charitys Vusl88s as a tojy. IouraUdII work for Ihis reFth. tOr the opM)n5 ¥ have kwml. Bwian CliffLYd Iseniorstatutory Audikn> foT and on bphaM olBright Graha Chartèrèd Accounw)ts StatLrtory AdItor Emperorfs Gale 114¥ Cromwel Road Kwsin91 London 4AG 16 sePtnEr 2024 Bri1 Graham8 Murray is elybb lor $pAnent as 8rtOr ofthe Twst by ¥Ylue of its elytshty forapFoinlmerl a$ 8uc*lor of 8 0)mpany 1212 01 It kt 2(K.
GRANTA TRUST STATEMENT OF FINANcL ACTIVMES FOR THE YEAR EPIDED 31 DECEAI8ER 2023 Vnr•strf¢téd T¢)ial Uwesttrttsd Endowmeni lunds 2022 Tot81 2023 2023 2023 2022 In¢ome [k}nalns. endoWrnentsaI legacies Chliab bMlies Investran1$ 131.760 776.3 264.T11 131.760 TT6.MI 264.711 500.0 538.549 134.267 9.8x1.973 10,350.973 538.549 134.267 Total Income and endowments 1.172.921 1 171921 1.172.816 9.850.9n 11.D23.789 Ex en¢fiture on.. Charitablé tiV$ 1.69).393 16W.393 1.Cfj7.161 1.067.161 Nel gain(lo$Se$l on Investm1$ 11 811.780 811.780 1735,0531 1735.0531 r•soWC bgfor• trarthrs 1517.4721 811.7&) 105.655 9.115.920 9.221.5T5 Gross ttansfets beiween knds 951.346 1951,3461 Nat In¢orninWloutgoingl resow¢es 439.874 114&) 294.308 105.6&fj 9.115.920 9.221.575 Other re¢ognlsed galn$ and kis8es Other gains or kn5se5 13 1.417 1.417 1.426 1.426 Nèt movonni funds 441.291 11455661 295.725 107.081 9.115.920 9,223.W1 Fund balarKts ai 1 January 2023 108.709 9.115.920 9 224.629 1,628 1.62B Fund balancos at 31 Decernber 2023 s$).( 8.970.354 9520.354 10ts.709 9,115.920 9,224.629 $18tsrn1M c4finam¥l 8CtMlS iWJdes all gairÉarwJ k6S8s ie¢(wiwJ in the yoar. Ttt Stalent cl finanrjal actNitw ¢deS a119¥iraThY h)sses reeywd In the year. IrKxThe •id eXpeIre den¥e
GRANTA TRUST SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 All Incornfrlynds 2D22 Gros5 Ir0[8 Transfer trDm endottfiJJS 1.172.921 7.346 1,172,816 Total ho)mo In Ihe reportin9 per 2.130267 1.172,816 Toial expEitUT fr[ crJrr fu8 1.69).393 1.067,161 Not in¢om8 fortho year 439.874 105,655
GRANTA TRUST BALANCE SHEET AS A T 31 DECEPABER 2023 2023 2022 Flxed Bssel langible assets Investments 14 15 14.675 9.076.727 17.e 8.284.947 9.091.402 8.282.613 Ct a55015 Stocks Debtot5 C8sh 81 bar 8nd Fi h• 16 17 57.262 264.524 S81. 42.629 429.244 918.657 903.755 1.390.530 CrgdltOV5: amowtsfalling within one year 18 1474 8031 1448.S141 Mèt curr•ntassats 428.952 942.016 Totsl ass10$$ ¢urront li8bilithe¥ g.S20.364 9.224.629 Met assets excludlng pensfion 1klIty 9.520.354 9.224.629 The of the Trust E0Metfvnds Unrtstrthd fur$ 8.970.354 9.115.0 108.709 9.520,354 9,224.629 Thp cnnY entied to the exeWKmfrom Ihe aLwIit w1[errvataned 5edKM 477 of the cOrrpan5ACt 20C6. for the year endett 31 De¢ernb 2023, al¢lKwh atst has out wtion 144 oflhe ch¥it$ Ad 2011. directots ackno¥e their respStliS fOrCnp.ry With requrernent5 Ot he CoMpanS Act20D6 reSct to accounbng recDrds and Ihp preparaknTrY (Iffiaal StatTrents. TtrE memb&s have not required the Obta an alit of it5 5ta1eTttS utKl2rthe requiremerts of the C¢mp8niesAci 2006. INtr* y In in 476. Thefin3ncHI slaternents wue apwoved by tr£ 1rust5 16 Seplembu2024 Sityid Rau$rKJ Tru5t•• Cowany registratiTrll Thjmber 11592194 IEn9knJ atxl Wa} 10-
GRANTA TRUST STATEMENT OF CASH FLOVVS FOR THE YEAR ENDED 31 DECEUBER 23 2023 2022 Cash llowsfrom opornung actmtfigs Cash (absort byyg8nerated from OPEratK)Tr& 24 1593.9441 9.672.712 InveGtln9 actlvStles PLYchase olgIe fixe(l assets PLYchase of Invernents Investmenl rOrne recVed 17.5151 17.0901 19,ODO.WOI 134267 264.771 Ilfrt cash goneratsd fwDrnllu8ed Invesu activitie5 257,256 18,872.8231 NBt tash used in finan¢iwJ Ce% Not (docrsell7rea$0 cash aThJ Gash ¢qulvalet 1336.6881 799.889 Cash cash equivalènts at b89inrirKJ of y 918,657 118.768 s81.9 918.&57
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AOUnt9 pol195 Charity inlarmBtit Granta Tru5115 a private bmit8(I by guawth ¢t[Kated in ErKJbnd Wabs. r89ist9r8d off$ is 12 AddisDn Ave, LLYthn. W114QR. U 1.1 A¢countlg comtenti Tho finanasl stat8rnonts hth bèsn in a(%rdanIIh Ihè 1an ofthè ¢¢xnpankèX r9vmè, ihÈ CpanS Act 2rTh, FRS 102Tr Finarwl RÉsMYtrfMJ Siand¥d tl UK d Republic of Ireland" I-FRS 10T) and the Chanbes SQRP-A(t(HJnlng RBptytry by chan1$.. Sent ofRecornmgndfrJ PriKe applicatrde to charthes weparing tsr3=counls thi accOrdae¥th Ihe FanUal Reptsng Standd applitle in the UK and Republic of 1rdd jFRS 1021, leffe i Janu¥ 2D191. The Trust a PL Benefft Entity as defined by FRS 102. The finarv81 stalernents are wep3red n sterfirwJ. vthich is Ihe cuffercyollhe Trust. Kknnetary n lheSefinCI ststeMts ae rwIed io Ihe nearest£. The finantial starrtnts have been wep¥ed rthe ¢oa oJTrenbon. The wlicp818ttD1lr polaes adopted are sei oul bek)w. 1.2 Going concem Al the Iirne of8ppwry IhFfiDar#)al stsi&tw)is. IhF buÈlBes habT a [p¥xnab eIpFdab thal Trust has adequale resour to continue in opratiDnal eSter lorthe fOreSeekn fuhre. Thus knslees ¢x)nIn lo al(yt e going correm Ws 018cwuntirvJ n prepanro the fnarK&91 siaternents 1.3 charitable Unrestriclgd a avwlatye use divetw oflhe trte8$ In fvrtherarKe ofthfyrdpti18tAe objectives. Re8trkied sU'ÈCllo by orgarters as 10 h(AYthey May be used. The and uses oflhs r8$ved funds 8r& in noies fm8fKJ81 EOwMent[unts are to 1x)rt by (KKsthatthe (xptal rnust bp MaIntan by th8 Trust. 1.4 Inm IrKorne is rerA)wised when the TTUSt is legalty pntiled to it after atry have b tnet. the nts w be wsured rthabty. aThJ it Is Ih81 In¢(wThe il bereceed. Dona1k)are rwd5ed mlhe TnEt h8s ¢YlhethnatKm. unk5s performance wuire defetral of the amunl. Incorne lax recoverab in relation io dOnatmx [Ne under GiftAKI Ordd5 0fcovent recognised al the limeof the thDalK. LegJoes ¥rE rewi%¢ rKwpl 01 Ihe TtU5t has ntiffi itnydirn d&iitutiun. trE wM)unl is kn. and re1[ E excl. Iflhe amount Brx)t krwxwn. the lew ts treated as a o)nlingent asset Granl inccthe s rwntsedas *en weogreed uitwia. >Jch * ass£oaled ene. has been rn. Grant monB6 r?ed where criteria ha5 nolyet athwed is as deferred incowts. 12-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) .5 Expenditure ReGognltlon of EXnluTe Evnditu is rQgniSed there tsa oruhnstsLLkne oNatrt0 [ake a paym8nl to a third party. it Is prDbal8 that se[ntlIb@ requirqd and thB anDurrt of thB Gan tnoasurBd rk4y. Exp8nditur8 ig da8sifiÈd undÈrtr folwng thity hethngs.' Governan Costs Incknl8$ staff lin and e¥pens8s ts line srni il ne£Tr1th Ir$188$ me81ing5. plus the (£6tofaudl and professwjnal lees. Sgary c03ts. wtre W¢)p[81 • li a¢cWd8rWthtime speni. 1.6 Tangiwe fixed a55ets Tangib li¥ed asset5 ¥e intiaty rwyed at cost and sutwEntymeosured at eost orvaluabon, netol depreci81i and any k>sses. Depreaation is reCOgned SD a5 to te off cost of assets th thr re&dual wdlue5 over 1r useful Iwes on the foll(wn9 bases". CIHryuters and WEA)site costs 2933% wannurn The or loss ari51ng on the disFKwl af an 3$5et deteE as the(Ifferee between Sale proceeds gnd Ihe Garyng ¥alu8 oflhe asset. is re0)J in state1rrtOfffinci acbvthes. 1.7 Fixed asset inv•simerrtts Fixed asset inveslments are aSure¢ atIrh0n pri exdj COsts,d are thequenty meagJred atfairvaI 81 eh iewiiry dale. Changes in v81ue are wn68d mtonllexp8ndrturtrl for year. Twsitr) costs ar8 exFw¥sd as inwtred. 1.8 Impavrnenl of red assets Al earh repOrtg end dalB, IhF Irusi ihe attvJunis Df ts taryble a55ets to dBtsrtnin8 whether ihere any indicatn that thctse assets have Suffered br[MentS& Ifany such ex15 the recoverable amonI Of asset ptrpteil in IKderto detsrrYMne extwrt oflts irnpwrment K)ss IrfY). 1.9 Stock Stocks are att knwerofwsi aKI &stra1j 5eliThJ EY1 W coys io wpide sdl. C05t wtrprises direct malenals and. wh8re apphcaLqe. direGtL4LvJroJ5ts and IFYJse overtd5 Ihat frHve teen no¥JrrBd in br919 the stocks 10 Iheir present Icwon ar hdd (¥ nthm181 oyBiderabon We rneasured l(vNw of repiqcewnt W?1 and cost Net roèlisèblc Yaluo is Ihc osbm8ted seling pri less esbned o)sts of ld costs to bo irrturred in Tnarketsng. selin9 and olslrtsJi. 1.10 Cash and cash equlvalents Cash ar cash ewivalents cash in har. deptssits W aicall ba$. other short.term inVMents wilh on9nal m£lurths of16 rroiihsor kss. Jid overdrafts. Bardt overdpaft$ gre bwowings i curr8nl liabilities. 13-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACcoUntw pol•e$ (Continued) .11 Financial StrUMenta The Tru51 has to appty Ihe proM5KS ol 11 '8a5ic Finatmaal In51rurrp_nts' and Spcbon 12'0ther Financial InstrunTnts tssu88' otFRS 102 10 1 of ts i7[$. Finanrial instsurnentsare rwised ID the T[S theet th the Tnjsl be[X) paty to the Contral provEv)ns of the insttumenL Financ1 asws8nd habdits¥e thysei. the aftKwrds kyesenied sial¥Yents. when there Is a IallY 8nfor(88ble nght to 1 off ih? retwnÉed w)wnts there 1$ a) intantW lo selU& a nel basE 01 io wlk48 e asset and settle Ihe Iiablty B4$1¢ finan¢lal as¥•ts Ba5financal assets. ItL¥le dqbt(Y5 Lash 8t ban< bances. inthally Trsured at 5actn price IndLJding Iransactitr) C15 and are srtÉewentlywied ai amc•sed ¢osi tre efFectwe te$T meihoy unless e aaemlnStrfuteS8 fn9ncing tr11. wtEre tre transactw nEasUrl at wesent value ofthe future receipts (scwnted ata rnarket rdie of interEsL FinarKial asse15 ck3ssified aSCvabwthI one yearare not arnorlsed. ask sYn•n¢l41 Ilablllths Ba$financi¥l liibilrtias. in¢lvJing cred1$ ¥d bar h)an$ aTe irilialy at Ii)saction unlèss tho arrawement cwstitutesa finanuro there Ihe debt inswmeni Measu aithe present vue of Ihe future payrrwtsdis¢ountsd at a rnarkgl rale of iThlw951. Finaw> lthldies cla56ified 95 payable withn yg¥gre nol amottysed. Debl Insirnnts8re subse4L• 818m(¥16ed (yxi. rj Itt eifedive ifitwest rate method. Trade CredItS are ON1gatn5 to payfwgtx)es OrserV ttrAt have been arre the ordinary course of operaiws kn supplers. Arnounts pay8 are cbssifed as ¢WTenl IwiHI"ties rf pgymwt 1$ due wthin one year 01 le55. If not. they are presented as norpcurrent k"ablitEs. Tr&e (yecitors are rnl Inrtiaity al tra5aCtsr Pri and subsutty mÈ8sUd ai trÈ effetkne wiiÈrÈst mdw. Financ1 1411c5 orc (krccoguxd VQn Tr15 oMpr¢ orar¢ djsdwigc(l or can11¢. 1.12 Employee benefits The a)5t of any unus&l kKANlayentidement reuYJned in the xI the esSerVIa[e recepie ermall0 benefits are [09ned Ytwnwthaielyasan TTUSt ts¢jwtstralty (yjnittEd to terrninate ts en¥d¢)wYni clan empbyee ( b provth iermiiat ber*fits 1.13 R•tlr•monl bgn4Ats 14-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Dona1k$ and Ilnr¢xtsicted nstn¢ed Endtr•mftI fun funds furKIs gra1 2022 Td•l 2023 2072 Don8ivJnsarwJ Brthh Cwncl l>ant 103.740 28.020 S)I.OLKI 9.850.973 10.350.973 131.78J S.0[) 9.850.973 10.350.973 Do)$ and 9Fftg The Hans and Mant RausiThJ CharilatrAe Tru51 Otherdonations S.{) 6.103.451 3.747.522 6.503.451 3.747.522 1tr3.740 103.740 S(.0) 9.850.973 10.350.973 EndoY4m&nts rowesent &Xp8ThJabTr1S deynabJto thèTftJ81 bYtr trustses during yoar. which ara Inteed to provvje a fututB IncTre streatn to utwjgrwtts Ih8 main pullishing activit5 of the charity. Incb¢8(I In thrdonabor6 ars nts 9fft8d an (ris8th cwwc18d to 8trytste8. com• fvom ¢harMalAe advlt1•8 Urèstri¢ttd Unrèstridod fund& funds 2023 2022 Sales wrfhin Charit31e activit5 Writry COLWSes pro¥ed 654.264 122.126 538,549 776.390 538.S19 15-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 knGom¢ from IDYfr¥bn¢nts VnrEytrirted UnrestrictEd fund5 nd5 2023 r¥cwv¥d Ini8rast r8cÈivatd 260.407 4.364 131.77 2.489 264.TT1 134.267 Char#ableactl¥lbe5 IAtya2ine Granl MakiThgCharitabkn e ¥4>8ndlturo TotslPlagaLine 2023publltk1Tr 2023 2023 2023 2022 Staff Costs Depreoatson Production Costs conknbUkn Fees Distribulion Cost5 Poetry Costs Markebng Costs Webste Cost OffKe sup5 Costs Professiona Fee5 Computer RuMirKJ Costs Overhead Costs Bad Debt exper British Coun1 (knt ¢osts Writiry Academy CoLYse 582.285 10.506 217.880 116.730 282.624 S82,5 10,506 217,880 116,730 282,624 7,288 94,563 40,192 58,610 8,949 7,044 436,SY 21.T43 117.n5 135.742 202.574 4.243 26.610 37.023 25.679 19.9)0 2.037 41.406 112,4901 40.192 58.610 8.949 29.280 28.020 29 280 28,020 94,053 94.053 1.527.977 94.053 1.622,030 1.058.n6 Grani fvrKlin9 Inoie el Gowwre costs Inote 71 59.313 59,313 8.425 1.537.027 59.313 94.053 1.6W.393 1,067.161 16-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants payablo Culiural yrants 2023 Grants to InsblulKnS'. Gr¥nla pu1¢81$ The Charf9StoneTnJ61 49.313 10.( 59.313 Granla Tmst has made attta ofthreegrats thriThJ the 31 Deca))ber2023. b2ng to Gran PuLlit8ti¥is. Suppurt Gost5 allted lo xbvlti2s 20rJ 2022 AJdirrees 9.0 8.425 ATraty88d be.. Cnantaok a¢hvrtes 9.OSO 8.425 Met movemenl funds 2023 2022 The nel mvementin f5 E slated after thargiwlluecftiI'. Fees payable foi the aLrt dthecharity5 ancial slatements DtrprÈtiabDn of ianglAB fixed assets g,oj 10,5( 8,425 21.743 Try$tsos During the Ye a trustee WO¥Kl asu3cY ser¥KXS to Ihe Trt aKNnb9 to t7.11412022 £6,rK11. During the year, rK) netion ar beffts re(e(eI by trusteesand key rTr4nagement petsonnel for their setvices to tharity. 10 Eryknyqes The average rnantNy wmber of duriry lh2Yearzs. 2023 Nnr Adminisrrabwe 17-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Erytyees (Continued) 2023 Wage5 and salaE5 OtherpensKJn costs 554.105 28.180 414.119 22.415 582.285 436.sy The nurnber af etnFloyees 4thJse anryjal Wds £.0(> as folkJw6". 2023 Numbtrr £60.OD1 10 É70.1 £90.001 to £100.WO 11 Galns and Ioss•s on Inv4slm•nts Endowmont Endowm•nt funds nds 2023 202Z Ga$111(1$$esI aiirwJ ." RevakJatiDn of itweSltris 811,780 1735,0531 12 TaAatio The tharity is exenw from kxètion on its acbvibes be¢gu dl its wi(tsnÈ i% apF4dfor dritablÈ pwpJses. 13 Olh81 galns and Ios8 Unrestricted Unrestsicted funds 2023 Gahislllosse51 u.. Fw9n &xd)arue 11,4171 11A261 18-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Tanglblg flxed cxOand ¢ost8 cost At 1 jaary 2023 A(litTh$ 234.950 7.515 At 31 Oecènthr2(Y23 Doprecia11on and impairrnent Al 1 Jarnjary 2023 Depreugbon th8rged in Iheyear 217.284 10.$)5 Al 31 Oecptrthr2(r23 227.PJO CarTring arntyJrt At 31 Oe(sn)8r2W23 14.675 Al 31 OecerrJer2022 17.668 15 Flxed asset Inv•sb718tMS Llstgd C09t or vahjaiiiyi At l JaIary 2023 Vaknalion chang85 8.264.947 811.780 31 Oectn)er2023 9.076.n7 ca>9 affl0* At 31 Decetrthf 2(r23 9.076,n7 At 31 Oetsrr&Èr2(Y22 8.264.947 Stock¢ 2023 2022 Magaanes 57.262 42.9 19-
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Dgbtors 2023 Z022 Arnounts lallln9 duc within ¢)n¢ yew. Tiade debt(xs Otherdebto Prep8ynwts8nd uued irwyt 49,482 199.479 15.563 82.a19 326.(N)4 21.031 264.524 429.244 18 CroditOYS'. amounts lalling¢hwithin 2023 2022 Other laxalK)n and s131 rity Trade cralitors Other¢redrts Accruals and defr irw 13.180 28.191 399.583 33.849 14.292 69.210 331.144 3J.868 474.803 448.514 InGkJded In Trade Clit0 s £21.980 (2022". Enll defred irxx)rneltThnthe Btitth Grant. Incbded wrfhin (Xher Credtss is È2g745 P022 £237.W7lo[defeTh Irrne. Accnds arKI deferred incotne l1£10.240l2o22. £n41 0fdefred forwritry [58$. 19 Retiroment bon•fit schemes 2023 2022 D#fld ¢orbtrlbutlrJn Chargeto profit or th in re5pectoldefined butiOn scknnes 28,1 22.415 The Trusloperates a defineJ PP[ forall quakfyng The assets of the 5cherne are hew separatety from Ihose of the Trustin an 1rK1eFH adfflilli51eredfund. 20 EndomentfuwJs Endowment fun¢ts represeni assets be hehy rwrrwenlty by ihe Ttysu Irn ariwg on the enth)wmeni ndsc¥n be used acctydar 1 fre c4eu$ ol Ir TritstaThy B Irle4 as vnrestric¢ In(J)me. mY¢4[At81 gams or losses amrvJ w thg asls fr fvrrfj. At 1 Jwary kn¢tymlng Trwsl•rs Gns and4t JI DmbOr losses 2023 Permanont endownents 9,115.920 1957.3461 811,780 8.970.354
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 20 Endowrnentlurnls (Continued) year.. At 1 Janu•ry Going and4t 31 D0Mber 105s0s 2022 Permanent endOVfflts 9.250.973 1735.0531 9.115.920 21 Unr¢strictod fuThd5 The wrfestricted funds of the thanty ¢[1$e ofdon81itsns and grsnts which arÈ r1 subiÈcl to 5Fwfic by d¢xKS and an10[$ a5 to tlw Iy3 US1. These irKJude designaW funds which h8¥e been Set aSe out of unreslricted fu15 by Ihp lrnsiee5frY puts. A11 Jinuary Gains andAt 31 Decembèr loMes 2023 2023 Gen furNJ5 108.7D9 1.172.K1 11.6W.3931 957.346 1.417 550.(MH) Prevpjus year.. At 1 January 2022 Gains and4t JI December 108S8 2022 GenA furvJ$ 1.628 1.172.816 I1.[7.161) 1.426 108,709 22 Anatysis of net assets beteen furKIs Total nds hJnd5 2023 2023 2V23 At 310g¢•ml)w2023: Tangib 3ssels Invesim8nts Current assetslllk3L¥ith&l 14.675 14,675 9.076.n7 428.952 9.076.727 850,973 14Z2.0211 1407.3461 9.927.71 9.520.354 Pgrbalanceshoet 8,9TO,354 1957.3461 9,520.354 957.346 21
GRANTA TRUST NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysits of net assets betefi funds (Continued) Total fund8 2022 2022 2022 At 310o¢emlw2022: Tng1b a55¢ts Investments Current a5setsl11A1the5I 17.066 17.e60 8.264.947 942.016 8.264.947 850.973 91.043 108,709 9.115.920 9,224.629 23 R•latBtl pawty twaii8a¢tit Grants of£49.313 hèvt ml&to Grants PuUMns. a (xKYwany uth conw trts1 by irtue dlhtr uthmats controlliw party. nonalk)r rec0 from related parties ¥elYwd in Th)te2. The Lltitnate contrng pty a rnetnSerd Ihp ttustees of ta Ttu. ¢a¥h goneratsd from opwatfirffis 2023 SutyAug f¢1 y•ar 294.308 9.221.575 AdpJ51ments for". Investsneni irKome recwrHd in S1ew0ffft•jti¥ acbyiles Foreign exclan differen Fair value 19ains1 and losse5 on IDwestments Deptsciabon d 1ryairt[l of iangéJle fixod asset¥ 1264.7711 1.417 1811.7801 lo.6 1134.2671 1.426 735.05J 21.743 MoVentS in wor ca. Ilncmsel in stacks Deue8sel{Incre8sei kn deDtws Irease In credrtois 114.6331 164.721 26.289 182931 1170,3711 5.845 C8$h labsothd tyVgrtQd from opw8tk•hs 1£93.9431 9.672.711