Company registration number.. CE026569 Charity registration number.. 1195679 THE SEMBLE GRASSROOTS TRUST TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Mlchael Prlce Assoclates Limlted The Semble Grassroots Trust Contents P•ge Reference and Adrninistrative Details Trustees, Report Independent Examiner's Report Statement of Financi31 Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Incorne and Expenditure Account) Balance Sheet Note5 to the Financial Statements The Semble Grassroots Trust Reference and Administrative Details For The Year Ended 31 Au9USt 2025 Trustees Y Ogden - Chair S Thorp - Trustee R Kothari Trustee Ch•rity Number 1195679 Company Number CE026569 Prln¢lpal Addres$ 3 Garrlck Street First Floor London WC2E 9BF Independent Examlner Dannielle Stapleton ACCA Michael Price A550Clates Lirnited Np-105, Icentre Howard Way Interchange Park Newport Pagnell MK16 9PY Page I The Semble Grassroots Trust Company No. CE026569 Trustees. Report For The Year Ended 31 August 2025 The trustees present thelr report and the flnancial ststements for the year ended 31 August 2025. ObJectlve$ and Actlvltles Publlc Beneflt The primary objective of the Trust is to support, enable and empower local grassmots community oryanisations throughout the United Kingdom to deliver charitable projects and services for the public benefit through the provision of grants. The Trustees have paid due regard to guidance issued by the Charity Comrnission in deciding what activities the trust should undertake. During the year the Trust made 67 donations and supported 67 grassroots oryanisations. Fin•nci•l Review Flnanclal Po$ltlon During the year the charity received donations of £144,429 12024.. £360,293) and paid out grant5 of £210,512 12024.. £311,2101. After grant admlnistration and support and govern3nce costs of £4,004 12024.. £5,293) were pald, the charity had restricted funds of £4,099 12024.. £74,186). Reserves Pollcv It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a low level as support will be provided frorn Actionfunder Lirnited Iforrnerly known as Sernble Networks Limitedl to ensure that the a￿￿iniSt￿t10n costs of the charity will be covered while the charity is getting started. The support given this year amounted to £4,004 12024.. £5,293). The trust are considering ways to make the charity self sufficient and to generate unrestricted reserves. Structure Governance and Management Governing t>ocument The trust is a Charit3ble Incorporated Organisation and 3s such is not limited. If the CIO is wound up, the members of the CLO have no liability to contribute to it5 assets and no personal responsibility for settling its debts and liabilitie5. Trustee Selection Method$ The Trustees who served during the year and up to the date of signature of the financial statements were.. Y Ogden S Thorp R Kothari Apart from the first charlty trustees, every trustee must be appolnted for a term of three years by a resolutlon passed at a propedy convened meeting of the charity trustees. In selecting Individu31s for appointment 3s charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. None of the Trustees has any beneficial interest In the company. Page 2 The Semble Grassroots Trust Trustees. Report (continued) For The Year Ended 31 Au9USt 2025 statement of Tru$tee$' Re$pon$ibilitle$ The trustees are responslble for preparing the Trustees. Report and the flnancial statements In accordance wlth applicable law 3nd United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Pr3Cticel. The law applicable to charities in England and Wales requlres rÈqulres the trustees to prepare flnanclal statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources for that period. In preparing the financial statements the trustees are required to.. select suitable accounting policies and then apply them consistendy,. observe the method5 and principles in the Charity SORP,. rnake judgments and accounting e5timate5 thot are reosonable and prudent,. and p￿pa￿ the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The trustees are responslble for keeping adequate accountlng records whlch dlsclose with re3$0nable accuracy at 3nytlme the financial position of the trust 3nd to enable them to ensure that the accounts comply with the Ch3rities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also ￿spOnSible for safeguarding the assets of the trust and hence for taking reasonable step5 for the prevention and detection of fraud and other Irregularities. The trustees, report was approved by the board of trustees and signed on its behalf by.. Y Ogden Trustee Date 101W2026 Page 3 The Semble Grassroots Trust Independent Examiner's Report to the Trustees of The Semble Grassroots Trust For The Year Ended 31 Au9USt 2025 I report to the charity tru5tee5 on rny examination of the financial statements of The Semble Grassroots Trust for the year eni1ed 31 August 2025. Responslbllltles and Basls of Report As the Trustees of the trust you are responsible for the preparation or the financial statements In accordance wlth the requirements of the Charities Act 2011 Ithe 2011 Act). I report in respect of my examination of the trust's financial statements carried out under section 145 of the 2011 Act. In carrying out my exarnination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement I confirm that I am qualified to undertake the exarnination because I am a tnember of the Association of Chartered Certified Accountant5, which is one of the listed bodie5. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 In preference to the Accountlng and Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is ￿ferred to in the extant regulations but has now been withdrawn. I understand that this h3s been done in order for fin3nci31 statements to provide a true and f31r view In 3ccordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2019. I have completed my exarnination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting record5 were not kept in respect of the trust as ￿qUired by section 130 of the 2011 Act,. or 2. the financial statement5 do not accord with those ￿Cords,. or 3. the financial statements do not comply with the applicable reouirements concerning the form and content of accounts set out In the Charities IAccounts and Reporrsl Regulations 2008 other than any requirement that the accounts glve a twe and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examin3tion to which attention should be drawn In this report In order to enable a proper understanding of the financial ststements to be reached. Dannielle Stapleton ACCA Date 1010612026 Np-105, Icentre Howard Way Interchonge Park Newport Pagnell MK16 9PY Page 4 The Semble Grassroots Trust Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 Au9USt 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 4,004 140.425 144,429 360.293 EXPENDITURE ON: Charitable activities 14,0041 1210,5121 1214,5161 1316,5031 NET (EXPENDITURE)/INCOME 170,0871 170,0871 43,790 NET MOVEMENT IN FUNDS 170,0871 170,0871 43,790 RECONCILIATION OF FUNDS: Total funds brought forward 74,186 74,186 30,396 TOTAL FUNDS CARRIED FORWARD li 4,099 4,099 74.186 The notes on pages 8 to 12 fortn part of these financial statements. Page 5 The Semble Grassroots Trust Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 August 2025 2024 Unrestricted Restricted funds funds Total funds Notes INCOME AND ENDOWMENTS FROM: Donation5 and legacie5 5,293 355,000 360,293 EXPENDITURE ON: Charitable activitles 15,2931 1311,2101 1316,5031 NET INCOME 43,790 43,790 NET MOVEMENT IN FUNDS 43,790 43,790 RECONCILIATION OF FUNDS: Total funds brought forward 30,396 30,396 TOTAL FUNDS CARRIED FORWARD li 74,186 74,186 The notes on pages 8 to 12 form part of these financial statements. Page 6 The Semble Grassroots Trust Balance Sheet As At 31 August 2025 2025 2024 Unrestrlcted Restrlcted funds funds Total funds Total funds Notes CURRENT ASSETS Debtors 2,040 2.040 4,099 2,063 89,041 Cash at bank and in hand 4,099 2,040 4,099 6,139 91,104 Creditors: Amounts Falling Due Within One Year io 12,0401 {2,0401 116,9181 NET CURRENT ASSETS (LIABILITIES) 4,099 4,099 74,186 TOTAL ASS￿$ LESS CURRENT LIABILITIES 4,099 4,099 74,186 NET ASSETS 4.099 4,099 74.186 FUNDS OF THE CHARITY Restricted Funds 4.099 74,186 TOTAL FUNDS li 4,099 74.186 1010812028 The financial statements were approved by the board of tru5tee5 On and were signed on its behalf by.. Y Ogden Trustee The notes on pages 8 to 12 fortn part of these financial statements. Page 7 The Semble Grassroots Trust Notes to the Financial Statements For The Year Ended 31 Au9USt 2025 l. General Information The Sernble Gra55roots Trust 15 a Charitable Incorporated Organisation. The charity was first registered on the I September 2021 and commenced its charitable activities on l March 2022. Accounting Policies 2.1. Basis of Prepar•tion of Firtancial St•tements The financial statements have been prepared in accordance with the trust's constitution, the Charities Act 2011, FRS 102"The Finantial Reporting Standard applicable in the UK and Republic OF I￿land. I'FRS 102-1 and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended P￿ctice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leffective l January 20191. The trust Is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in 5terling* which is the functional currency of the trust. Monetary amounts in these financial staternents are munded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 2.2. Going Concern Disclosure The trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's abllity to continue as a going concern. 2.3. Fund A¢¢ountlng Unrestrlcted funds can be used In accordance wlth the charitable objectives at the dlscretlon of the trustees. Restricted funds are to be used for speclfic purposes as lald down by the donor. Further explanation tsf the nature and purpose of each fund is included in the notes to the financial statetnents. 2.4. Incomlng Re$ource$ Income is recognised when the trust is legally entitled to it after any perfOrrnaTr￿ conditlons have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donatlons are recognised on recelpt. other donations are retognlsed once the trust has been notlfied or the donation, unless performance conditions require deferral of thè amount. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 2.5. Resources Expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of econornic benefits will be required in settletnent, and the amount of the obligation can be measured reliably. Expenditure 15 classified by activity. The costs of each activity are made up of the total of direct cost5 and shared costs, including SUPPOrt Costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that actlvity. Shared costs which contribure to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs ￿lated to the independent examination and legal fees. Governance costs and support costs ￿lating to charitable artivities have been apportioned based on the number of individual grant awards made in recognition that the adtninistrative costs of awarding grants. 2.6. Cash and Cash Equivalents Cash and cash equivalent5 include cash in hand, deposits held at call with banks. Other short-terrn liquid investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Page 8 The Semble Grassroots Trust Notes to the Financial Statements (continued) For The Year Ended 31 Au9USt 2025 2.7. Financial Instruments The cornpany has elected to apply the provisitsns of Section I I 'Basic financial Instruments" to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Basic financial a$$et$ Basic flnanclal assets, which Include debtors and cash and bank balances are measured at transaction prlce less any pmvision for impairment. Loans receivable are measured Initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for Impairment. Baslc flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is rneasured at the present value of the future pay￿entS discounted at a market rate of interest. Financial liabilitie5 classified as payable within one year are not amortised. 2.8. Taxation The charity 15 exempt frorn tax on income and gsin5 falling within Section 505 of the Taxe5 Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to it5 charitable objects. Income from Donations and Leya¢ie$ 2025 2024 Unrestrlcted Restrlcted Total Total funds funds funds funds Donations and gifts 4,004 140,425 144,429 360,293 4. Analysis of Expenditure 2025 Grant funding of Support activities costs Isee note 51 (see note 61 Totsl Share of support and goverTran￿ costs Support to grassroot organisations 4,004 4.004 210,512 210,512 210,512 4,004 214,516 2024 Grant funding of Support activities costs Isee note 51 (see note 61 Total Share of support and governance costs Support to gra55root organisations 5,293 5,293 311,210 311,210 311,210 5,293 316,503 Page 9 The Semble Grassroots Trust Notes to the Financial Statements (continued) For The Year Ended 31 Au9USt 2025 5. Grants Payable 2025 2024 Grants to Grants to Instltutlons Instltutlons Support to grassroot organisations 210,512 311,210 6. Support Co$t$ 2025 Share of support and governance cost5 Genernl admlnistntion.. Administrative expenses Bank charges Governance costs: 1,724 240 Independent exarnination fee5 2,040 4,004 2024 Share ot support and governance costs General administff tion.. Administrative expenses Bank charges Governance costs: 1,993 240 Independent exarnination fees 3,060 5,293 7. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 2,040 3.060 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Page 10 The Semble Grassroots Trust Notes to the Financial Statements (continued) For The Year Ended 31 Au9USt 2025 Atl September 2024 Incoming re$our¢e$ Resources expende At 31 AugLlSt 2025 Proud to Pitch In 72,761 1,425 140,425 1210,5121 2.674 1,425 Grassroot support 74,186 140,425 1210,5121 4,099 Atl September 2023 Previous Year: Incoming resources Resources expended At 31 Au9LlSt 2024 Proud to Pltch In 25,971 4,425 355,000 1308,2101 13,0001 72,761 1,425 Grassroot SUPPOrt 30,396 355,000 1311,210 74,186 Proud to Pitch In The restritted funds relates to amounts received from Greene King to fund their 'proud to pltch In" grants where Greene King's customer have the opportunity to nominate local grassroots sports organisations to receive grants typically up to £3,000. The Semble Grassroots Trust is administrating the payment of these grants on behalf of Greene King. Grassroot support This fund relates to srnall amounts received fmrn different funders to support grassroot organisations. The funder determines who received the grant. The Semble Grassroots Trust is administrating the payment of these grants on behalf of of the funders. 9. Debtors 2025 2024 Due within one year P￿payMentS and accrued income Other debttsrs 800 2,040 1,263 2,040 2,063 10. Creditors: Amount$ F)Iling Due Within One Year 2025 2024 Trade creditors Accruals and deferred income 13.978 2.940 2,040 2,040 16.918 Page 11 The Semble Grassroots Trust Notes to the Financial Statements (continued) For The Year Ended 31 Au9USt 2025 11. Movement in Funds Asati September 2024 Asat31 Expenditure August 2025 Income Unrestricted funds General.. Unrestricted funds 4,004 14.0041 Restricted fund$ Restricted funds 74,186 140,425 1210,5121 4,099 Total funds 74,186 144,429 1214,5161 4,099 A$•ti September 2023 Asat31 Expenditure August 2024 Income Unrestricted funds General.. Unrestricted funds 5.293 {5,2931 Restritted funds Restricted funds 30,396 355,000 1311,2101 74,186 Total funds 30,396 360,293 1316,5031 74,186 12. Transactions with Trustees None of the trustees received any ￿[nUneratIon or any other benefits from an employment with the charity or a related entity during the cur￿rnt or previou5 year. 13. Related Party Disclosures There have been no related party transactions in the reporting period that require disclosure, except for those disc105ed in the Transaction5 With Trustees note. Page 12