¢harity reg¢slr8bon 118463
comp￿￿ reglstratkn rNInber11S92194{EnB￿nd 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 Cromw￿1 Roa
LO￿
SW7 4AG

GRANTA TRUST
CONTENTS
Pa98
Indep￿dent audilafs rer
Slater￿ntafr￿a[Kjal admks
Sumiary IrthMe ONw￿lure ￿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 t1￿r annual atKI Ina[￿￿ I￿lheYear￿ed 31 Decewkner2Q23.
firhonuel slolem¢nts hevc b¢en prcwred in xoyd￿¢Cl￿lth ￿ 8wounbry xt wt M notc 1 to ihe finynciel
sialemenLs and comkly with Ihe Tr￿.$￿¢16* cO￿p¥￿e$ Art21￿ 8￿.A￿nhry an¢ Rep)rbrvJ by Charibeg..
Stalernent af Re￿￿rnended Platt￿e aprlK* to char￿S pteparry th￿[ ￿)unt5 in aCcA￿dan￿ with the Finaraa
Reportin9 s￿dard Èpplitablè in Ihe UK ar￿ Rewbh'ttr IrBi*wJ IFRS 1D21 lÈffethYe l J8tL8ry 20191..
Obje¢trwes and a¢ti¥th"es
Twsl's obj8¢ts are, th? th¥r￿ement￿l￿* Iler8ry*ts. 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
TrUS￿eS ha￿ rev￿W￿l the reserves In the kght of the subslantial dorK4bi)ns rec&¥￿ by Ihe Trust in this accounting
period. These donations provkle Ihe Tr￿t an exr£idaYe wtrich VAII generate ￿YeS￿ent income lo supwrt
the charilatle ￿llY￿e5. It is Ihe Iwslee5' Inten￿n thal cawla sho￿￿ be ￿eSe￿e￿ to maintain the level of invesltnenl
come. bul the capital 15 exp￿d￿l￿ In ra5e ￿ uwl and unforeseen need. wll alc¥1 Ihe Trust's current aChv￿eS to be
sustaired ¢w$thr¥t￿n is 9itfen ta Ways r *thich addit￿)￿ funds may be r*strJ. Trtstees therefNe eongder that
r&s8rves should be lily￿ ￿ an anK￿nI wtyole to Ih? Trisl's and h9¥6 m8intaned jh￿ l$vel of
reserves throughow the year.
In¥•sthi•nt Polky
Trustees reviewed the avalable rveslrnent of Ihe eXper￿able e￿(￿Tren1 a(￿ 5deL*e(I the CCLA'S Eth￿1 Fund
Trustees recwve rpgular reports tr(Th Ihp CCLA and ttEet aTwwalty *ith ts rewesentati¥e. Cash tH1￿CP5 not irnThedHt￿y
nè8d*d arè pLqc*d on thort tsrm dèposilwtr*n 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 T￿slee$ haye esta4&thed of thaithethawitywht 10 hawa. T1￿ furpJsaTr ￿￿ed￿d lo".
cover supwn and managemeni costs
provwje knnds*ttich 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 ch*b* eXpend￿re.
The T￿SleeS conlnueto Thonilor ar￿ reWewpen￿￿￿tyIhe evd d resetves vi with the setting of amual
budgets Iht develown*ioftr* knn*tom stsaw b meeithÈ ￿gets of th8 d*rty. The chari￿ pohcy tsto mamtain
8d8quats funds Ils ¢<arwilmwi$ fc¢ Ch*1¥b￿ proftds in ihe se(aN.
Plan8 for￿1￿￿6
F(Y Iheeth years otthe Trusfs opwations. trustees. fr￿$ ￿ I be M oVersWoflheowau￿ business to salsty
Ihernselvesthat il ￿ omaling eff￿tiVety 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 gu*artrée. It i% by its MerTh)Rtthrn Arbdes of ASs￿alKIn.
Related Parties and Connicts af Inierest
None of thetmstees received rem￿r￿*1￿ other ￿[Isfor ther l￿fOr tr* charity other th￿ thttse dtsdosed In n￿e8
to the acwunls. transaclior6 bel¥¥een trE Trust trustees orsenK)rmanagement or rela1￿j partEs ffust be
thsdosed lothe 8oarrJ.
Details of rdaiod partYtr￿5a￿￿￿￿ arn disc*￿ed in nots 22 10 the &ts)this. Tm*ees are required to disdose ai relevant
*ii&r8sis and r8g¢ler tr*m annualy wih lh8 TrU￿$3drr￿ntsI1a1￿￿l.a￿l In ￿(ty￿an¢t knlh ¢* Trusi's Conllict d Inleresl
Policy lo wthdra¥Y trom dec￿n5 Y4here a ￿)￿fi￿tel intuesl arise&
Thg trustees, who are also the drectors Ihe putw of cortyatry kny. ¥tho Se￿edduri￿g Ihe yearatKI up to the (Jatp
of 5i9natureof the finanrAa slate[￿ents wefe".
Siwd RaustvJ
Rana DasgLpia
George Prothrwk
De￿•1$ of method ol re¢nthieffl and apwnthwnt oftrust60s
Tru51ee5 are a￿￿TrIed lu the tM)ard m the basis0fth￿rsklls experi￿￿ In erfherlh& literary Ord￿ritab￿ field. Tnjstee
sppointments are for an *iilkql peri￿ of Ihree ye8ts.
Supplièr Ptymènt
The t[￿panY9cUrrent w1￿{X)ncernirO the paymerrt 0ftr￿e 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)r￿￿￿1￿9the pay[[￿ oftrade credrtry5 15 to."
settle the tem)so[pa￿menl swwierskn 89reerg the temis ofeath transa¢lion'.
ensLre ih815uppl*r$ 8rg awareofthe ofpaymwl by thfr r4evanl twThs ID contracts. an
pay in acu)rdarKx with ]heC￿￿pan￿scOllIra￿ua arKI 0#￿￿JaI ob1vJai￿S.
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 s￿1 m*wr*. aThJ 10 W8tyy I￿. (￿r run￿￿n$. I￿uding ￿ntrac1
admini51ialion, productK)n, rnatkelry and pU￿￿￿ty, and IT JeoutsoLwced to GraTla PubliGati)ns. charges loi
time spent on the TrJsfs operatk)ns. The day to day Trwawenl olts operab"or6 oftrtTrust is overseen by the ExeculNe
Management Board. whth rewrts rewlarty t> knstees.
Tre Twslees cty)gder ih81 tre ofTrustees. the Edrfty aThY t)ewty E(Itot ¢￿ptse ts key mwa9enEnt of
ihe Charity in ¢hatgB ofdiieL*ty arvj c¢ntro4lw*J L*anty iisday io day (walK￿.
Audltor
In afforda￿ wlh the¢tsThpanWsarfides. a re$dutth￿ proFwg Ihal P￿￿ht K￿rraY rwpcinted a$ auditor of
the cotnpany wll be at a Ger￿al
Prfncipal oifico
The address ofthe ￿r￿paI 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 dreL*x5 of Granla Trusifurthe wrTDse ofuxTWy law. are te5pons￿e far weparirwJ Ihe
Trustees, Reptyt and the ￿n￿e￿￿1 swtements il acety￿ ap￿iC* * and United Kingkn AC))￿tir9 Standards
(United KiryJLKn GentsYal￿ Accepted AccoLrliw PrxlKo}
Comp8ny Law requres the Iru51ees to prepare financwl Slater￿ts*0re￿ fvanual yeafwthth give atTue atwjfair ¥￿W of
the State ofafaiTS Trust and of Ihtr in¢tmirvJ re￿rts$ and dr￿U￿2$. Indudny ll)è inwmB and
expendiW￿, of the Chailab￿ ¢c*npanylty Inal year.
In wepwng these finart￿l slator(*nls. tnkstses we iwjwred to-
-sdath suitaYÈ aNlthÈn appty
- d)seNe the melh(hlsand pmrarles in ￿ [￿arit￿ SQRP..
. makel￿￿r￿ents e5timatesthat are red￿nth prLxI
. staia wP*thar awlSc8bk uK*￿]x￿￿r0 Sta)dath ha%* W folty•Fed. subiKI to any n￿￿81 d8partwas d￿￿)sed and
explaine(I In the 5tstemenis.' and
- wepare Ih& financHI $tatertEnts w Ihe {￿cE￿ bays ￿￿eSS it is h4apFwate lo presuffte Ihatlhe Trust￿11 contsnue
operation
truste9$ arg ￿[07$bi9 for adewale r8oxd$ thaldi5eh)sowdh r985(J78We accuw al any the
finarKJal p05rt￿n 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* TnI51￿d tor ￿aS￿ab￿ Steps for the pievenI￿n
gmd detsction offraud <Aher itrBgularii*s

GRANTA TRUST
INDEPENDENT AUDITOlfS REPORT
TO THE TRUSTEES OF GRANTA TRUST
lon
We have aujited the financ￿1 ststements of Granta Tiu&t ithe"Trus-.I for year en(Jed 31 ne￿mber 2023 wlNch a)trpri
th& gtat8tn8nlof financial ac*iwti&s. lh& sUm[r￿Y it￿()[￿￿ and 8xp8pditw8 at￿nt lh8 baL￿r￿ sh@&l, lh8 stat@m8nt of cash
DWS noles to the financial stalernents. 1rd￿￿ng wknies. ThÈ ￿n￿cK¥1 tr3rtEwork that
has been ¥M)l￿d in th￿r kWar¥I¥￿ ts ap￿￿￿)1￿ law at¥J United ￿d0[￿ Act￿nI1[￿j Stsn&grds. ￿￿Ul1￿9 FiwGial
Reporting s￿dar￿ 102 The RepÉKltr¥￿ Stand￿aPpI￿￿ N) Èhe UK and Rep￿ of Irelartdlunited Kingdom
Generally Aryted knnbrvj pr￿).
In ouroFinKm, the Stat￿￿ents..
give 3 true arxl fair viwi ofthe state of knedwitaLqe uxnpanys a￿KS 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(x*ttl 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&bili￿s lorlheauditoflhe fina￿Cl
staleffienls sethon otixY rewt. We are i￿￿￿ent ofthe Trust ￿ 3ccorf3n￿ ￿th the ethicd requirements that are
relevant lo aL￿￿Or￿E fw*nc4al slatetrEn15 In Ihe Ult. irK1uJ￿gthe FRC'S Ethral St￿￿ard. and we have fufilled our
othèr *th¢8J respon$*lil*S in accordance wlh IW8 requirwents. W• Ihal Ihtr audrt evidenco sv& haveobiained is
SuffiC￿Trt arKI approw2te to provthle a bas￿ fv (￿rOp￿r￿.
Con¢luslons relalSng to golng ¢on¢ern
In aud￿ng the finanaal statements. we have that ts tru5tees' use oflhe ￿1r0(￿)nCeM basis of in Ihe
pr&paraiM)n of the finartial staiem8ni8 apprO￿late.
Based cn ￿ Krrk we have perfcrfr￿. have nrA hlenrifieil m8teA4 r¥atirvJ to CK conditic￿$ ltrth.
diwdualy orcdlpcliv64y, Thay cast swifKaTrl doubt ￿ the TTu51's at¥lty to as a g<Mng Co￿rn for a pgriod of al
tlwdveThonts frcyn when the lin3￿C￿ staterrbEnts are authorised torissue.
thJr tpw*bihbes the rEsp)[￿bIll* ol trustfes with COt¥xrn ¥e d￿￿bal in Ihe t8lpvanl
sectK)ns of repth.
other Information
The other irformal￿N ¢xxry￿￿e5 1nfarrThHt￿ indLMled anrwa rewriolher han the ￿n￿cL41 statements and our
audilofs re[￿￿1 Ihereon. The trustee5 are re5Prns￿e f(Klhe other Infr¥mat￿ ￿￿ta￿ed 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 $0. ￿SIder*￿ether ihe olh¥ Informathyl IS
materially Irv￿￿13t¢nl thnlh fin￿cIal stotfrTwts or knO￿dQ¢ obt¥4ned in ts wr5e olthe audit. or othEYwise
appears to be maleri811y If ¥¥e W￿lfy s￿h m)twia if￿L)l$st￿￿¢¥ rfy8rent mal¥ial tnisslatefftenls, we arfy
required to determine thher]h￿g￿e5 r￿e to a maienal Mi￿statement in the ststem2nls thetnsdves. If, based o
the wort we have pertorw*d. ¥4e Ctydutett*Ithe￿ is 8 m8ien81 ￿￿$Sta￿trI of thÉ infc*rnètitr), we 8re required to
port that fact.
We have ndhing to report ￿ th￿ ryd.
attews on which we awp r￿U￿1 10 rew¥t by exc￿lon
We h8v¢ ndhing to report ￿ rwect ofth8 Iclh)wYvJ ma*8rs in rekgkn th8 Charo8s lknwnts ar￿ Rep)rtEI
Regulat￿￿5 2D08 18qure us to rewKt to you *. n OurWK￿.
)e Infomauon yvtn In nn8n¢*i $i*emÉnts Isinr￿S￿OthtIn any Ma￿ts1 ￿$pett wbth the trust808' roport". LY
suffiCEnt accwnbry recort ha¥e Th)t kept..
the f￿3ncjal 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$prjn￿bllllfj$ of trust¢•s
A5 ex￿aIned m￿e full> ￿"he State￿￿1 of Ituslees. rEs￿[￿blit1es. thet￿￿tee5. wkK> are aso the diiectors ofthe TrLJ5tfor
th8 purpus8 of co￿pat￿lSy1. th8 of fnanEi4 strdt8rn8nts arKI for b8ing satisfi8d that Ih8y
Ive a t￿e fair YEW, and Inlptna as the trus￿ deter[TY￿ 15 r￿Ssary ID enab￿ the preparBlion of
fin8nc4¥1 Sta￿9n￿ t￿1 are free fretn Try$stsie￿l. whFIFer due 10 fraL* ot ettor. In ptppanng ihe fnantsal
ststements, the tmslees are res￿SIble for Trust's aNIty lo cO￿￿￿e as a 9¢A￿ c¢Mneern. disdosing, as
applicab￿, rnattets rdaled lo grf￿ng Us￿9 the baS￿OfaccwnI￿g U￿e5sthe 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(? ?1￿￿1￿h2therthe ￿t￿Cla skiements asa whde are free froffl matenal
miss&tÈmÈnt, wheiherduÈtofla￿j ot Èm. and 10 tssutr *) repm lh* irt1￿(XJr 0￿ryOn. Reasonab￿ assumn
K% a high levèl ofasstyanct bul 6 rth a guai*ie8 thai w a￿J l (wductsd F) accordar￿ *ilh ISAS IUKI %yill abways ¢*i*¢t
material misslatemenl when it e￿st5. Mtsstatements can artse fr(xn fra￿ orerror C{)￿de￿d Th31erial It. hTrdiwdually
or in thB aggregat¢. Ihey COU￿ reaS(X￿￿Y exFECted b Y￿uen￿ the eCo[￿￿￿C dec￿10￿5 ofu5ers tsken on basis of
these financial statements.
The extent ID wlich prO￿dureS are capatrAeotdetecDry I￿￿arli￿ iithdiry trd￿l. is de131ed bebw
Extent to which our procedurp5 c4 detecting irryjlawili95. in¢luding fraud.
Wa Idenbfy and as$8ss rtsks drnat8nal rni5*8iemtni oftr* Stslemwts, wWItrd￿ knfr•Jd lx arrc*. and then
design and ￿rfOrM audit Pro￿dureS reS￿S￿e to those risks. iTrYudiro oblan1￿ auLft e￿de￿e thai is su[fic￿t and
appropriate to FYovide a ba￿S forwr ¢yrM)n.
In Identsfwng and *dressing risks ￿ malwi* mi4statewl in r•spKaofirregth8iitss. inc*JdiThJ fraud ncno)Mr41￿¢e
wilh laws and regul8iv)ns, our prc¢edures irKILKknJ klhy¢ring".
We obtained an understand￿9 of kn and regjlatiorts Ihat alfect the Chatity. on tkM)5e that a direGI
eff6d M the finawal Statem￿1$ ￿ thai trad 8 ￿nda￿￿￿18ffa￿ ￿ ils opErat￿. Key arvj tsgLAaih)ns Ihat
i(*nufied Induded the ￿X leo¥gaiion, chan1￿J>￿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 tr￿ee5 have In ￿ to ensuie c(¥m￿￿￿c￿.
We ga Ded an undet¥tandirvJ Df 8rf4uaiwJ ts cty)trtds tru￿ have ￿ pl*F 10 PtFvenl arpd d8lFd fra￿1.
We ol dL¥)ul ul Ira￿* ¢JurwvJ IhB dccuuiitin9 peni*.
The risk of fraud and mtFcOm￿￿ce wtth ￿ and re￿￿10￿S fra￿1 was diSCU5sed wrfhin the audil le￿
lesls were p￿￿ed arKJ lo ￿ldrE55 these rE&s. We wtential for fTaud in Ihe folloMng areas.
We reviewed financial stalemeffls dtsCJO￿yeS and lested to 5urwkng dr￿mEn￿tiOn to assess ￿￿lIan￿ vjilh
relevant laws and regulat￿n5 dI￿￿SSed
We enquyed ollhfy tiusiees 8ts)ul 8CknJal ithgalw c**ns.
• We perforwl analyLc& vocedU￿ lo identity any urexpeded rda1#￿shlps ihai mi￿( indKate risks of
material Thi5Staternenl due to fra￿1.
In addressro the nsk of traud 4L* to managen)&r￿ 0¥8rrid8 01 cont￿LI %ve the apkrynaieness of
journal entries and assessed whettr*r Ihe wdgernents ma* m rnakrvJ ￿trjun￿r￿ 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￿ tr￿l￿e tnay noi have detected some materi
misslalerrents In the financkql $18tements, even th)￿h WÈ have prr￿Y KAaMed perfcthied Our in ats>)rdance
wilh audibng staDdard5. For exampk). as %wth any aL￿1. IhsrLI reMw￿d a h¥￿er non-delect on ofirregLl*ities. as
ese m3y illvolve colusion. forgery. intenDora I)r￿￿onS. mrryrÈsentstions orihe of Inllynal controls. We are not
respo￿b￿ for pyevenbng fraud 01 Mn-¢x)mP￿r￿￿ ¥vith 3tKI rEgu￿110n5 (zntx)t be expe(led lo deted al fr&d and
non-c¢Ynplian¢è wth l&¥$ and rt9ukbuns
A fwtherdesupton ofow reS￿r￿1￿1￿e5 is avadable the Fin￿a￿ Re[￿￿tIlg C(xJncil'5 We￿Ie a".
https.'llwoAYfrc.￿.￿kI4￿dlt(￿s[e￿b1thS This de￿P￿ for￿lS pwt (I¢Mraudrti¢s rerrfKL
Use of our rFpNI
TFMS rep(￿1 15 tnade sdetytothe c1wity.sln￿￿. 85 a iKyJy. ￿ *xothtKxtA*h part 4 ofth8 Charities lA￿nlS and
Reports) Regulat￿r$ 3J08. Ckjr aucfjt work has been Ltyjertaken s¢ I1￿￿e mw*l s￿let0 the ¢haritys trustees those matters
we are wu*ed 10 Stale 10 rt*rn inan a￿11￿$ rep￿ for ￿ tsittrputpose. To the [￿￿81 exieni ktmiitted bY18v4. we
noi 8ccepI or assume t￿p￿S￿lI￿ to any£￿#¢t￿￿ than lh8 th81ity aTrJ the charitys Vusl88s as a tojy. I￿ouraUdII work
for Ihis reFth. ￿tOr the op￿M)n5 ¥￿ have kwml.
Bwian CliffLYd Iseniorstatutory Audikn>
foT and on bphaM olBright Graha￿
Chartèrèd Accounw)ts
StatLrtory A￿dItor
Emperorfs Gale
114¥ Cromwel Road
Kwsin91
London
4AG
16 sePt￿nE￿r 2024
Bri￿1 Graham8 Murray is elybb lor $p￿An￿ent as 8￿rtOr ofthe Twst by ¥Ylue of its elytshty forapFoinlmerl a$ 8uc*lor
of 8 0)mpany 1212 01 It￿ kt 2(K￿.

GRANTA TRUST
STATEMENT OF FINANc￿L 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}nal￿ns.
endoWrnentsa￿I
legacies
Ch*liab￿ *bMlies
Investr￿an1$
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
Investm￿1$
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 movon*ni 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 8CtMl*S iWJdes all gairÉarwJ k6S8s ie¢(wiwJ in the yoar.
Ttt Stal￿ent cl finanrjal actNitw ￿¢￿deS a119¥ir*aThY h)sses reeywd In the year. IrKxThe •id eXpe￿I￿re den¥e

GRANTA TRUST
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
All Incornfrlynds
2D22
Gros5 Ir￿0[￿8
Transfer trDm endo￿t￿tfiJ￿JS
1.172.921
7.346
1,172,816
Total ho)mo In Ihe reportin9 per
2.130267
1.172,816
Toial expE￿itUT￿ fr[￿ ￿crJrr￿ fu￿8
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
C￿￿￿￿t 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 ass￿10$$ ¢urront li8bilithe¥
g.S20.364
9.224.629
Met assets excludlng pensfion 1k￿lIty
9.520.354
9.224.629
The of the Trust
E￿0￿Me￿tfvnds
Unrtstrthd fur￿$
8.970.354
9.115.￿0
108.709
9.520,354
9,224.629
Thp c￿n￿nY ￿ enti￿ed to the exeWKmfrom Ihe aLwIit w1[errv*a￿taned 5edKM 477 of the cOrrpan￿5ACt 20C6. for
the year endett 31 De¢ernb￿ 2023, al¢lKwh ￿ a￿tst has out wtion 144 oflhe ch¥it￿$ Ad 2011.
directots ackno¥￿￿￿e their resp￿St￿li￿￿S fOrC￿np￿.ry With requrernent5 Ot he CoMpan￿S Act20D6 reS￿ct
to accounbng recDrds and Ihp preparaknTrY (Iffia￿al Stat￿Trents.
TtrE memb&s have not required the Obta￿ an a￿lit of it5 5ta1eTt￿tS utKl2rthe requiremerts of the
C¢mp8niesAci 2006. INtr* y In in 476.
Thefin3ncHI slaternents wue apwoved by tr£ 1rust￿5 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 ol￿gI￿e fixe(l assets
PLYchase of Inve*rnents
Investmenl r￿Orne rec￿Ved
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 *C￿e%
Not (docr￿sell7￿rea$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
A￿OUnt￿9 pol￿195
Charity inlarmBtit
Granta Tru5115 a private bmit8(I by guawth ￿¢￿t[￿Kated in ErKJbnd Wabs. r89ist9r8d off￿$ is 12
AddisDn Av￿￿e, LLYthn. W114QR. U
1.1 A¢count*lg comtenti
Tho finanasl stat8rnonts hth bèsn in a(%￿rdan￿￿IIh Ihè ￿￿1￿an* ofthè ¢¢xnpankèX r*9vmè,
ihÈ C￿pan*S 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￿$.. S￿￿￿ent ofRecornmgndfrJ Pr*iKe
applicatrde to charthes weparing tsr3=counls thi accOrda￿e¥￿th Ihe F￿anUal Rep￿￿tsng Stand*d applit*le in the
UK and Republic of 1rd￿d jFRS 1021, leff￿e i Janu¥ 2D191. The Trust ￿ a PL*￿￿ Benefft Entity as defined by
FRS 102.
The finarv81 stalernents are wep3red n sterfirwJ. vthich is Ihe cuffercyollhe Trust. Kknnetary n
lheSefin￿C￿I ststeM￿ts ae rwI￿ed io Ihe nearest£.
The finantial sta*rrtnts have been wep¥ed ￿r￿the ¢oa oJTrenbon. The wlicp818tt￿D1lr￿ polaes
adopted are sei oul bek)w.
1.2 Going concem
Al the Iirne of8ppwry IhFfiDar#)al stsi&tw)is. IhF buÈlBes habT a [p¥xnab￿ eIpFdab￿ thal Trust has
adequale resour￿ to continue in opratiDnal e￿Ster￿ lorthe fOreSeekn￿ fuhre. Thus knslees ¢x)nIn￿ lo al(yt
e going correm Ws 018cwuntirvJ n prepanro the fnarK&91 siaternents
1.3 charitable
Unrestriclgd a￿ avwlatye use divetw oflhe tr￿te8$ In fvrtherarKe ofthfyrdpti18tAe objectives.
Re8trkied sU￿'ÈCllo by orgarters as 10 h(AYthey May be used. The
and uses oflhs r8$v￿ed funds 8r& in noies fm8fKJ81
E￿OwMent[unts are to 1x)￿rt￿ by (**KKsthatthe (xptal rnust bp MaIntan￿ by th8 Trust.
1.4 In￿m*
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 berece￿ed.
Dona1k)￿are rwd5ed mlhe TnEt h8s ¢YlhethnatKm. unk5s performance wuire
defetral of the amunl. Incorne lax recoverab￿ in relation io dOnatmx￿ [￿Ne￿ under GiftAKI Ord￿d5 0fcoven￿t
recognised al the limeof the thDalK￿.
LegJoes ¥rE rewi%¢ ￿ rKwpl 01 Ihe TtU5t has n￿tiffi￿ itnydirn d&iitutiun. trE wM)unl
is kn￿￿. and re￿1[￿ E ex￿cl￿. Iflhe amount Brx)t krwxwn. the lew ts treated as a o)nlingent asset
Granl inccthe s rwntsedas **en weogreed uitwia. >Jch * ass£oaled e￿n￿￿￿e. 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 EX￿n￿luTe
Evnditu￿ is r￿QgniSed there tsa oruhnstsLLkne oN￿atr￿t0 [￿ake a paym8nl to a third party. it Is
prDbal8 that se￿￿[n￿￿t￿lIb@ requirqd and thB anDurrt of thB Gan ￿ tnoasurBd r￿k4￿y. Exp8nditur8 ig
da8sifiÈd undÈrtr* folwng *thity he*thngs.'
Governan￿ Costs
Incknl8$ staff lin￿ and e¥pens8s ts line sr*ni il ￿ne£￿Tr￿1th Ir￿$188$ me81ing5. plus the (£6tofaudl and
professwjnal lees. Sgary c03ts. wt*re W¢)p[￿81￿ *• li a¢cWd8r￿Wthtime 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 reCOgn￿ed SD a5 to ￿te off cost of assets th th￿r 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$5et ￿dete￿￿￿E￿ as the(Iffere￿e between Sale proceeds gnd Ihe
Garyng ¥alu8 oflhe asset. is re0)J￿￿ in state1r￿rtOfffin￿ci￿ acbvthes.
1.7 Fixed asset inv•simerrtts
Fixed asset inveslments are ￿￿aSure¢ atIr￿￿h0n pri￿ exd￿j￿￿ COsts,￿d are thequenty
meagJred atfairvaI￿ 81 e*h iewiiry dale. Changes in v81ue are wn68d mton*llexp8ndrturtrl for
year. Tws*itr) costs ar8 exFw¥sd as inwtred.
1.8 Impavrnenl of r￿ed assets
Al earh repOrt￿g end dalB, IhF Irusi ihe attvJunis Df ts taryble a55ets to dBtsrtnin8 whether ihere
any indicat￿n that thctse assets have Suffered ￿ br￿[Ment￿S& Ifany such ex1￿5 the recoverable amo￿nI
Of￿ asset ￿ p*trpteil in IKderto detsrrYMne extwrt oflts irnpwrment K)ss Irf￿Y).
1.9 Stock
Stocks are att￿ knwerofwsi aKI &str￿a1￿j 5eliThJ EY1￿ W coys io wpide sdl. C05t wtrprises direct
malenals and. wh8re apphcaLqe. direGtL4LvJroJ5ts and IFYJse overt￿d5 Ihat frHve teen no¥JrrBd in br￿91￿9 the
stocks 10 Iheir present Icwon ar￿ hdd ￿(¥ nthm*181 oyBiderabon We rneasured
l(vNw of repiqcewnt W?1 and cost
Net roèlisèblc Yaluo is Ihc osbm8ted seling pri￿ less ￿ esbn*ed o)sts of l￿d costs to bo irrturred in
Tnarketsng. selin9 and olslrtsJi￿.
1.10 Cash and cash equlvalents
Cash ar￿ cash ewivalents cash in har￿. deptssits W aicall ba￿$. other short.term inV￿Ments
wilh on9nal m£lurths of1￿6 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 proM5K￿S ol 11 '8a5ic Finatmaal In51rurrp_nts' and Spcbon 12'0ther
Financial InstrunT*nts tssu88' otFRS 102 10 *1 of ts i￿￿7[$.
Finanrial instsurnentsare rwised ID the T[￿S theet th the Tnjsl be[X)￿ paty to the Contr￿￿al
provEv)ns of the insttumenL
Financ￿1 asws8nd habdit*s¥e thysei. the ￿ aftKwrds kyesenied sial¥Yents. when there Is a
I￿allY 8nfor(88ble nght to *1 off ih? retwnÉed w)wnts there 1$ a) intantW￿ lo selU& a nel basE 01 io wlk48
e asset and settle Ihe Iiablty
B4$1¢ finan¢lal as¥•ts
Ba5￿financ￿al assets. It￿L¥le dqbt(Y5 Lash 8t￿ ban< ba￿nces. ￿ inthally Tr*sured at ￿5act￿n price
IndLJding Iransactitr) C￿15 and are srtÉewentlywied ai amc*•sed ¢osi tre efFectwe ￿te￿$T meihoy unless
e a￿a￿em￿l￿nStrfuteS8 fn9ncing tr￿￿11￿. wtEre tre transactw ￿ nEasUr￿l at wesent value ofthe
future receipts (*scwnted ata rnarket rdie of interEsL FinarKial asse15 ck3ssified aS￿C￿vab￿wthI￿ 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 v*ue of Ihe
future payrrwtsdis¢ountsd at a rnarkgl rale of iThlw951. Finaw>* lthldies cla56ified 95 payable withn yg¥gre nol
amottysed.
Debl Insirn￿nts8re subse4L• 818m(¥16ed (yxi. ￿r￿j Itt eifedive ifitwest rate method.
Trade CredIt￿S are ON1gat￿n5 to payfwgtx)es OrserV￿ ttrAt have been ar￿￿re￿ ￿ 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 r￿n￿l Inrtiaity al tra5aCtsr￿ Pri￿ and
subs￿ut￿ty mÈ8sU￿d ai trÈ effetkne wiiÈrÈst mdw.
Financ￿1 14*11￿c5 orc (krccoguxd V￿Qn Tr￿15 oMpr¢ orar¢ djsdwigc(l or can￿11¢￿.
1.12 Employee benefits
The a)5t of any unus&l kKANlayentidement ￿ reuYJn￿ed in the ￿￿xI the e￿￿sSerVI￿a[e recepie
￿erm￿all0￿ benefits are ￿[09n￿ed Ytwnwthaielyasan TTUSt ts¢jwt￿stralty (yj￿nittEd to
terrninate ts en¥d¢)wY*ni 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 ￿n￿stn¢￿ed Endtr•m￿ftI
fun
funds
furKIs
g￿ra1
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 &Xp8ThJab￿*Tr￿1S de*ynabJto thèTftJ81 bYtr￿ trustses during yoar. which ara
Inte￿ed to provvje a fututB Inc￿Tre streatn to utwjgrwtts Ih8 main pullishing activit￿5 of the charity.
Incb¢8(I In thrdonabor6 ars ￿nts 9fft8d an (￿ris8th￿ cwwc18d to 8trytste8.
com• fvom ¢harMalAe advlt1•8
Ur*èstri¢ttd Unrèstridod
fund&
funds
2023
2022
Sales wrfhin Charit31￿e activit￿5
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
2023publl￿tk1Tr
2023
2023
2023
2022
Staff Costs
Depreoatson
Production Costs
conknbUkn￿ Fees
Distribulion Cost5
Poetry Costs
Markebng Costs
Webste Cost
OffKe sup￿￿5 Costs
Professiona Fee5
Computer RuMirKJ Costs
Overhead Costs
Bad Debt exper
British Coun￿1 (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
Goww￿r￿e 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 pu￿1¢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 all￿￿ted 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 f￿5 E slated after thargiwlluecfti￿I'.
Fees payable foi the aL￿rt dthecharity5 ￿ancial slatements
DtrprÈtiabDn of ianglAB fixed assets
g,o￿j
10,5(
8,425
21.743
Try$tsos
During the Ye￿ a trustee WO¥K￿l a￿su￿3￿cY ser¥KXS to Ihe Tr￿t a￿KN￿nb￿9 to t7.11412022 £6,rK11.
During the year, rK) ￿￿￿ne￿tion ar b￿effts ￿re(e(e￿I by trusteesand key rTr4nagement petsonnel for their
setvices to tharity.
10 Eryknyqes
The average rnantNy wmber of duriry lh2Year￿zs.
2023
N￿n￿r
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 aii*rwJ ￿."
RevakJatiDn of itweSltr￿is
811,780
1735,0531
12 TaAatio
The tharity is exenw from kxètion on its acbvibes be¢gu* dl its wi(tsnÈ i% apF4*dfor d*ritablÈ 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
c￿x￿O￿and ¢ost8
cost
At 1 ja￿ary 2023
A(*lit￿Th$
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 Oecerr*Jer2022
17.668
15
Flxed asset Inv•sb718tMS
Llstgd
C09t or vahjaiiiyi
At l JaI￿ary 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¢h*within
2023
2022
Other laxalK)n and s￿131 ￿rity
Trade cralitors
Other¢redrt￿s
Accruals and def￿r￿ irw
13.180
28.191
399.583
33.849
14.292
69.210
331.144
3J.868
474.803
448.514
InGkJded In Trade C￿lit0￿ s £21.980 (2022". Enll def￿red irxx)rneltThnthe Btitth Grant.
Incbded wrfhin (Xher Credtss is È2g745 P022 £237.W7lo[defeTh￿ Ir￿rne.
Accnds arKI deferred incotne l1￿￿£10.240l2o22. £n41 0fdef￿red forwritry ￿[58$.
19
Retiroment bon•fit schemes
2023
2022
D#fl￿d ¢orbtrlbutlrJn
Chargeto profit or th in re5pectoldefined ￿￿￿butiOn sckn￿nes
28,1
22.415
The Trusloperates a defineJ PP[￿ forall quakfyng The assets of the 5cherne are
hew separatety from Ihose of the Trustin an 1rK1eFH￿ adfflilli51eredfund.
20
Endo*mentfuwJs
Endowment fun¢ts represeni assets be hehy rwrrwenlty by ihe Ttysu Ir￿n* ariwg on the enth)wmeni
ndsc¥n be used ￿ acctydar￿ ￿1￿ fre c4eu$ ol Ir* TritstaThy B Ir￿￿le4 as vnrestric*¢ In(J)me. ￿mY¢4[At81 gams
or losses amrvJ w thg as*ls fr￿ fvrrfj.
At 1 Jwary
kn¢tymlng
Trwsl•rs G*ns and4t JI D￿mbOr
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 D0￿Mber
105s0s
2022
Permanent endOVffl￿ts
9.250.973
1735.0531
9.115.920
21 Unr¢strictod fuThd5
The wrfestricted funds of the thanty ¢￿￿[￿1$e ofdon81itsns and grsnts which arÈ r￿1 subiÈcl
to 5Fwfic by d¢xK*S and ￿an10[$ a5 to tlw Iy3 US￿1. These irKJude designaW funds which h8¥e
been Set aS￿e out of unreslricted fu￿15 by Ihp lrnsiee5frY put￿￿s.
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
108S*8
2022
Gen*A furvJ$
1.628
1.172.816
I1.[￿7.161)
1.426
108,709
22 Anatysis of net assets bet*een 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
9.927.7￿1
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 bet￿efi funds
(Continued)
Total
fund8
2022
2022
2022
At 310o¢emlw2022:
T￿ng1b￿ a55¢ts
Investments
Current a5setsl11A￿1the5I
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 m*l&to Grants PuU**Mns. a (xKYwany uth conw ￿trts1 by *irtue dlhtr uthmats
controlliw party.
nonalk)r￿ rec￿0 from related parties ¥elYw*￿d in Th)te2.
The Lltitnate contr￿￿ng 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 recwrH*d in S1*ew￿0f￿fft•jti¥ acbyiles
Foreign exclan￿ differen
Fair value 19ains1 and losse5 on IDwestments
Deptsciabon *d 1ryair￿t[l of iangéJle fixod asset¥
1264.7711
1.417
1811.7801
lo.￿6
1134.2671
1.426
735.05J
21.743
MoVe￿ntS in wor￿￿ ca￿.
Ilncmsel in stacks
Deue8sel{Incre8sei kn deDtws
I￿rease In credrtois
114.6331
164.721
26.289
182931
1170,3711
5.845
C8$h labsothd t*yVg￿r*tQd from opw8tk•hs
1£93.9431
9.672.711