IsrERED COMPANY NLTrIBEIL. 134941M9 (Engl*J)d Wale8)
REGESTERED CHARITY NUMBER: 1196347
THE GREENCiJFFE FOUNDATK)N LTD
COIYSOLIDAT8D FINANCIAL sfATEMEM3
FOR THE YEAR ENDED 31 DECEMBER 2•24
and A￿1&￿5
Lygon House
50 Ro*1
Brc¥biky
K¢￿t
BRI 3RA

THE GREENCLIFFE FOUliDATION LTD
Co1￿￿S OFTHE COYSOLIDATED FINAYCIAL ￿ATEmENTS
rorthtyejr ettded 31 Deeemi￿r 2024
I to 3
5 to 7
io
12 to 24

THE GREThCLIFFE FOUNDATION LYD
REPORT OF IIIE TRUSTEKS
r th¢ yur eDdEd 31 D¢£¢0￿2124
Th¢ tru*es who arn 81$0 direttors orth¢ the pwp)5a of theCry4tiits Act 3x6> rew with
the wn501idated fmw¢id] ststem¢ats of th¢thaTity fortheyearewkd31 Dcrembtr2024. Tr¢ ￿st￿tt hav¢ Ihe
provisions of AcowtrttO8 8ud ty ChritiC5: of ReWnU￿ Pral%1￿ 4yli¢8ble tr rknitie5
Jryariog their a¢o)UDts in artordanR with Ibe RqAxting slaty1￿ awlic•ble ID thr UK and Ryblic of
I￿18￿d (FRS 1tr2) (¢ffcGtI￿ l 2019).
STRATEGJC REPORT
Obi#tiYts andAirns
The Greenc]iffe FouJdath)n i$ a gt¥nt-makiDg with tho (A>iec(iveof pDwtiDg s￿h purp)ses as are
exelusivety ch•itable in a¢￿dance with the laK of F4l*d aLd Waks as thetru5* may frorn tintBto time
ddermin& Th¢ PoundatioM'$ wimary is in Indm ortd i5SEK40f.
M43Mal andphy5Kal disabititt¢s
Hom¢lessD
Akohol 8ftd drn8athJiction
INGOS) rn orderto imwJvtth¢ liv# of aDdtsircOMm￿lÉ￿￿
Emure wtres have bern able to out tkn W￿rk ¢ff¢thvety lill¢ with what agr¢¢d b&w¢¢
them5elv¢s and us.
fe¢dba¢k the bavCreC¢i￿ the pyle thry work a￿1 r¢w idw frx tkve]op refiDE
th¢irwoi
Re¢rive e0rtinu￿ dolm1￿15 aTh] iDc()m¢ in onlerto a&dtheibility kn wovide muhs.yetrgran
Th¢ 5hort4¢m] aims of GF 8r¢tO d¢vdopiD8 a p[￿￿￿Or￿aN¢#Sthatwe wiu SUPFKVt hrthe r¢xtSe*Tal
y¢ar& InthE Initi￿ Yea￿ OLY iDwmÈwilltx¢¢ed ow expenthtiw¢ so inthc5kn4¢nll will alxs n¢&1 to ithtify
lixble. kjw.risk investments to 8enrn¢ inLY)m¢ c&h knldtw Ollr m¢diun-te4m airn is to #¢adity iDmse
our wt ¢xpenditym th1 h•￿ 20.30 g[*Iteesthat￿ will w with M￿h￿Year A long.term 15 to
SI￿11ficantlY Incre￿oUr8D￿nal Iwd of fuThli￿l0C?pabk O￿1$all￿￿s0thatOW1llcOmeattd ￿ is
lanced Our8rans.llMking wivitiesivill I￿ thee4mbilili￿ ri8bts*X1q￿11ty ofltfe kn 9X￿￿ltIes1h8¢W¢
¢k th h¢lp.
A¢tivit
In 2024. we exp3nd¢d thenllmber of• fEornhYo to seven* signific*ilyiiKFwng i)ur8rani exwdibjre. We
PRctt¢tt foriD¢lusi0￿ basbceD rwiwj ts ￿e0fthE lj JDL* impxtful and xalthle inTh)wati(w g]ob81ty ZD
e]ucatiOTS by HuDdrED. We thnd in 9 diffrnts¢•t¢s across ltid1aa￿j e•ThaL￿ed 10 visits towte¢ Pth¢r5.
R¥¢rves Polley
The dwriw is at avuy etrty stsg¢ in its planvd pm1￿101￿ Th¢ d*thwity I) t¢*k to s￿￿ort lon8
t¢nn projects OTh￿lstentIY for￿ durztion of gr*lual of 5vu&JJTd over 304D yt&5. Thc dlarity &*s
)r haveany pub]i¢ fiEtMI.rai5illg 4¢tivili¢5 *Ld is rtlialli OA a 5rAll nwllLwofNivatE dollots kn abKiity ￿ &oatr in

THE GREENCLIFFE FOU14DAIION LTIJ
REPORT OF171E TRUMES
rorth*y¢*r ¢D￿j 31 Dtt¢tt4bEr 2a24
D¢velopingand expauth¥ovrgr￿-￿I0k1ng Sy#¢rnswm be PfLKry in which Our￿l￿g relatiC*￿1p5
lifetimt ofth¢ dmity. 0￿1￿¢0￿¢ Irvm thaations is likdy ty be higbu ill th¢ initialyears. Ther¢f(o it is ￿Nd¢￿t for
the Charity ￿ l￿dre*r￿ in a vari¢ty of knbv.risk inv¢stments togencrate thtunineomr knth¢ th8rity. Thiswill
]lle￿t inD)me aJ¥l ext&iDJTe ￿11 ba]4tL¢e Overt￿ k)D84e4nJ fdther thc 5hort4en*.
It is inttttdd th•t in th¢ IMerst88es ofthe charity's itfeLy*tJ* ¢XPQLdibJre *tU be Ftitsrtlw th¢incom
F￿￿]ff doJJatitins ￿e1Ve￿ will depe￿1 partly on thEbusittess pUfC8￿￿Cgof ts dwity's tyadll¥sub5idiwie5. Since
busine￿ wformatt* is likely to be quit¢vdriablE ts ctrty's treatsne￿ of its ￿be
accomrned*2 the vari*illty in th¢tw4iptof fitturE do￿•
Tru&tee5' dirty to promote th¢iueee*s of thÈ Cl4•rity- 172 stst¥uent
The ttu#e£s erp the dire¢kn of The GreetKltffeFC￿d￿i0ll attd hav¢ a duty topromote the Success ofthe Chwity an
in thingso. TffjUiTe41 by Section 172(1) of CwiES AL*21J)6 * F*v¢ regard w vari(XL8
iDC]udin&
thetred iofosterthe Charity's rel&ionships withthiTd*wty ￿ke1¥￿derS
the ￿p&tof th¢ Charity's ¢]ptrations on the ¢omrntwity 8rO etLvironrll¢
The totsl reserves at thÈ batan¢¢ sh￿t dat wtte £31.435.0(￿ (2ff23: £20J49ffi74). Th¢lLqalgrnits duTiD81he
yWWLY¢ £454378 (2023.. £28.494). The8r*ns have beffl drstrjlxtsd X¢LTd￿e witb ¢lwith obj￿1¥e$ &$
b￿0w.
20
- Dls*ility & metll81 h¢altlt iights
- Shelter& crisis support
. Athl¢s¢¢nts&yLMMhdrvBlrgmort
- EcoloKy
.LI￿1bQOd5
494
4L4Td
PulAlt benefrt
and achi¢vBm¢nts of the dwity de5¢nW in it b) its dllty ￿ the c1￿miSSIon a%
4%tion 17 of the Chariti¢s A¢t2011, 4nd to th¢be[Kfit0fthepuE￿i¢.
AllerreviEwing the paTent¢haritsble wdthe8tO￿'s f(rec•￿ aTrJ proj￿1￿ tt* hav¢ a
rea9)￿ble expectstion thatthe Broup h85 adeqth Te￿￿5 &) ¢ont[Tr￿ inoptr*ioid ex￿ forthe forts¢B*ie
future. Thep8rent¢haritabl¢ LYMnp8JJy tbeth cratinu￿ ty *rt thE8crfDg 0￿Cern b*is in prErArlltg its fin￿￿&1[
OurgMt.maknns ￿1￿]b¢S will iDcf¢4s¢ S￿￿1￿¢*￿tty overth? n¢xttt*ofyus.
In 21)25 we p]an to launc* the 555 lnits*1￿ pmvide5 5 lakhs(aMVOL £4.rKxi) to 5 fora 5
[x0j¢￿ W¢ will have 8n ext￿￿ jury fy> a55ess th¢pnys•L8tl*wertteive and kn sdertth¢wrGessful EMftsJEt5. We
will a]w puvide [b)n.f￿111 sup￿ttDthe Èrnp5trJ p￿i￿#
We wll] I￿ 13-daymeetingiti 2025 in Jaipvrkn Ixing ourgrnnw¢p*thus togth.

(Ccffjwhatt)
D KPagaml
(MthD8 M•w.R8i8rd29.125)
1196347
oloNAt¢vL¥sh& C
SOLthRD¥I
3RA
MIUN

STATEMENf OFTRUSIKEV RFSPONSIBJLITtES
f•r 31 December 2124
The trll5￿ (who ar¢ also the ditttthrs of The Grwliffe FouDd*i¢)iJ Lld for th¢ of o)mpgJry law) 8r¢
n￿TrIC for pYeparll￿ the REp(¥t of the trw*es *MI the auxydance with 8ppIiL*l¢ and
Yi•v of the ￿lte of affairs of the clwitsbk compry atyl of the inmmitya Te%)ll￿ and a￿1]¢￿10￿ of resource
iKludiDg the iMLx)m¢ al￿ of the dmritknle wnp4ny for thAt PPiLxL lu prqJariD8 those finwKi
. obsttve th¢ nthd5 alld pID￿lpleS ISL the Clwity SORP.
. mak¢judgern¢nts •d estinates that are reayJnabl¢ ￿d
the f￿a￿tIll wsition ofthE dwlltai* rompRDy to en*le ttt5UJE that the firtOttci￿ sw¢m¢nts •y with
the Cornpa4i¢s Act 2006. Th¢y Ire also ra1x)T￿le for thguffdirs the as%ts ofthech￿I￿ ¢omF4ny 2nd for
f•rasthethiskes awaR:
. the tfttSte￿ have taken all *s that they wght taken kn make tI￿ely¢S avdre of #tty relrt audk
infonnawi ond to tt￿11$h that the alldttsrs &Teaw*¢of tbat iirfrym*ic4k

REPOl￿OF THE INDIPEYDENT ALI)rroRS TO THE MEMBERS OF
GREENCLIFPE FOL T4DATION LTD
We have audlted th¢ wN501id*ed finzncial of The Gt¢wltff¢ F(MLTrdaion W (the chttriMbSe
nwaDyJ and tts substdiaries (the 'Bro￿? for the ￿ ryHkd 31 D￿llber?)24 which comprise the Consolid4ted
Jtatemertt of fin￿et￿l actsvitw the L>)nsolidatEd balanc¢ slw the ¢*1 tb)w ststemmt 0))￿lIda1¢&
xes to th¢ fiuanciaf statern￿ inclutht¥ a 91mm￿Y of sigtiific•n¢ p)licies. The fo8ncia] rq￿rtIllg
fr*new￿k that has E¢eo applied iu thew prepr*fft is ¥p]icthle kaw &d Uoit•J KillBdL￿ Ac<un¢ing Standards
In our0pirrio￿ the fi￿¢￿al stsknents:
8ive a fair view of the st*e of th¢ 8rc4￿ thl prnt cknit*bk compary& aff￿ a5 at 31 D￿2024
d of th¢ w's in¢omiiiB and *pl1¢*i￿ of re8(w induding its e4)*liuw4 for the
BA5i% foropl*ioD
W¢ ¢o￿lucted oyr in xwrdarwkwith latari￿ Strn￿rds AuthttnÈ (UK) (ISAS (IJK)) and applicablo law.
Our responsiliIiti¢s wjder thD5e s￿der￿S are firther dEs¢nlYd in the Alldib)E5' rBsNwIb￿lties for the of th¢
rman¢ia] Ststelna￿ of our rtPDrL WE ve in¢kpethtof the 8￿uP in xwrdao¢¢ the ethi￿ ￿qUireMents
that are relev8trt to our aTLdit of the fitiaDcial in the UL itidydtlls thE FRCS Ethi￿1 Siatkn4 and we have
fuEfJllcd (wother ethi41 TE5pJnsibiliiies in with these We belm th8tthe *dit evide￿¢￿*
ieobtwnd is sufficiettt aodapprrFiAtety widea basi5 tsi¥ur Lvilli
rekn*in8 to ¢ont•rn
ID a￿liting the coTrs01id*¢d financial tF4t of the 8DiD8 ¢(¥￿em basis of
individually rx ¢ollthety. ￿LY si8nTfKknt L¥L tht W'5 abilty to ¢ortitt* a5 a ￿lD8 a
r¢5pmsilTriliiies *d th¢ wythlilits of the trwte*5 with Iryxt to d¢scnl>ed itt the rEJeva
SEcti￿s of this rtwt.
Otherfnfonllaiion
In conneatth with our aydirof the finallcial Lwre4wtsility isks th¢ oth•r infrxwatiott rf in doin8
obtained ill the audit or Oth¢r￿ ￿p￿aTr Ic be nmterinlly mi55rattd. If ME Id￿tify ￿(& Mwnsjw¢2es or
fi￿Cial S￿￿ttents th¢￿s￿￿￿. tc bas¢d Ixt the we haye pufonn&i w¢ wn¢lude that th¢r¢ is a rnat¢rial
InouropiDIo￿ Imsedon the wb2ertaken in th¢ ¢owseof tt*a
. th¢ infornMoD givfD ia the Rwrt of the m*¢¢5 hr th¢ year fry wtieh th¢ ￿￿1011￿6ted fA]Loial

REpoirr OFTHE LWDEPENDENT AUDITORSTO ThE MEMDERSOF
T1￿ GREENCLIFFE FOUNDATIOli LIT)
Its thp light o£th¢ kRowknlge and unduskndin8ofthe group its en￿1[￿ obthilled iti th¢ course of the athliL wt
hv¢T*)t Ide￿tLE￿j mawial mi55kmUJts in th¢R4x￿tOf the tDtstees.
W¢ have oothin8 10 reN)rt in rw of the followlljg the Art XM)6 to re￿rt
you 1£ in ouropinio
braneksKrtvisit¢d by or
RespottsibiAtiesof tro¥tets
As ¢Ypiaioèl more fvlly in the &atrm¢nt of trn*es' te5WJDsibiliti¢4 the tru5tea8 {who ate alKb the thectors of thc
dwitsble cornpany forth¢ pwp)s¢s orLm￿Y law)8r¢ jzsponsibk forthE prtparatlL￿O£ the finaDdal Siatcrn￿lts
for bctnBsalIs￿ thatthey gi¥t 8 tnk aDd fairvi¢w. intErJal as tl* rruskes dEtemille is n¢cgss8ry
) ellabl@ thepreptirntiott of £0￿CIal StstEM￿ th#t arr fire from rntht1￿ ￿th￿dutt0 fraud orerror.
)ntiTrue as a goirjg eLv¢￿ disdosin& as app]￿b￿ rjauus reltsi *) concott snd the c￿ce￿
Lo Kaiis1i¢ altern*ive
0￿r fortheaThKtof the fiua&l#*teMellts
objtttii*s tre kn obtain reag)ntbts a5sur1￿ whtther the fittwial ststemertts as a whol¢ are frnm
roatirial Mlsstaftjn￿ wbéthrr duE to frtyl or ¢tThr. and ts i55oe a ReprrtrfthenbJep¢thttt￿1knts thatincludes our
opinwxl. R￿ab￿ assutznce ts a high leve] of8wna# but is ￿ta 8uar8nt¢e th4 an awlÈt conducted in ￿￿Ydanc*
with ISAS (UK) will always deteLt a nmtttial it extst& MisY3temoJts caD arke from fra￿1 or eJTor
and ￿ wtisidcfed Materi￿ rf. indivi(bJally or in the 8EÈf¢M thcy o)ybJ yE￿￿&b]y be expe¢ttsJ *) inOu+2net the
)ns¥l￿￿ tb¢ followins
.results of our ¢wuiries to nwwntth￿theIr own ￿$S￿ent0t the ri*sof fmd and enor.
. the mat*rs dixmsscd amoD8 the akndit ¢ll8a￿le￿t team Tcg¥dtO8 hDW •d Trb¢T¢ tra￿1 may o￿vr in the fin￿¢181
(kr pr￿￿[￿e$l• io risk I￿lU￿thefoIk)wlDbr
. mie4ving th¢ fJnaDciaE ststsrnMtdt5closu￿ and te#ing bs4ppLYtin8 •knrJRt*itstion"
i￿M￿ls. 8S*SSirt8 wjth th¢ judg¢DJents m*de in aL)))unung ¢sliD￿ att iod¥*tiv¢ of a potArtial bi&%.
A futtber delerits of resp￿￿1>11111¢s for th¢ I￿11t of fllbaKial is Ioc4knJ th the Financial
ReportiN8 Council's websi* *www.fr¢*O￿Uv￿X1lt￿￿¢￿￿l5Iilt1eS. Thisd¢sw fomjspthof (wR¢px)rt oftl
[Th1ep¢nd￿t Auditors.

REPORT OFTHE IYDEPEIYDEKfAL.DITORS TO THE hlEMBKRSOF
THE GREEliCLIFF£ FOUNDATIOli LTD
U# of report
This r¢port 15 made ￿lety to the ¢hritable as a kndy, in xcordaKe ￿ Cknafft 3 of Pan 16 of
the Compallies Act 2006. 1)Jr audit work h&$ beett mlErtaktn ￿ that we migbE to thE charitsbk ci>JJpanys
mcmbet5 those m2tttss Ive are r4tsirEd to st* to them in an wdi&xs' rwrt ￿ for no To the ￿]1¢51
extent pet]LitttyJ by hw. w¢ do
thwitable
Y* fiYowwJdit w(rfK for this ryo¢or S)rthe oJ>mtOn5 we kn forn1￿.
Paul AIIEn &SctSc FCA (Senior Siatthy A￿lit￿)
for alldon bEhalfofBe4ringu5 LLP
and StatU¢ory Auditors
LY£￿
50 L4)DdL)n Roul
Bromky
KenÉ
BRT 311A
Dat¢..2A..L.qX2far

GREENCIJFFE FOUNDATI(hY LTD
CONSOLIDATED sfATEMKNT OF FINANcIALA￿1VTn￿8
(INCORPORATING AN INCOME AND EXPEf4DrfuRE AcroiiNr)
Year
Y¢aTend¢d 31
UnrEstiKteJ
fiTod
Notes
Jnations end kgac
7539J46
JrucR]tradiDg opuatK•D8
93J67J76
89M762
747 459
35Q620
101,754J81
Cwts tsf r*tsillg
8V67AIO
SiOU051
4540
24494
89J68353
8&071
N¢t Ibs5¢5ygaiD$ on iuv¢5thr4Lts
OJOO.7961
(W4.4X))
11,085J32
(603971)
Otbcrin¢omE 2rniDg on etsnsojxla¢￿ll
111185J32
(fAB.971)
31349.674
Th¢w]wlidwed of &knitf5 all and the prnd.
Thenot£s to are sho￿￿ rn Pa￿ 12trJ 24.

1124
2•24
Tart8iThie 4¥8ets
10
9mJlO
1¥76JM 1537
5.75W 175IthJ) s750/JO• 5.75
1595U93 17A9VJ3 21J16m 21J2
Is
16
Cash at buk
IWl.7•4 2J31521
37fjJS3
18&757
$9mJ51 41W99 14959034 4JJ8377
17 03W¥I) (12394ffj30
(47091)
46J4QThI 3137QJ&I IV12J43
19
M￿A8$FAs
3S
20J49SM 362J8a43 25A819
31h34•K 36AIIJ13 ￿￿$19
31A35W•6 XWffl4 21631819

THE GREFhCLIFFE FOIJNDATION LTD
CONSOLIDATED CASH FLOw￿ATEME
r•rthey¢tr ¢nded 31 Dffemb¢r21)24
Y¢Hrend¢d 31
l)Kem*Er21124
Cash geneTaied fromopcraMns
ltttw¢st pa¥J
U54J92
J67W2)
OW13)
Net cash (used )llY￿ed by opaaw acLiYtss
88&710
9314
Pu￿￿4e0ff1￿ll￿￿k )%Yd ass
SalE 0ftaW￿l¢ fthTd ass¢ts
PuK¢has¢of cuneni asser investrwts
sa￿ ofcumi #sset ittvesttmts
P￿￿]6)
343
(4S42
17.799
DiFxlmds re¢cived
177&JO
S69049
21.796
N¢t ca5hused 14 VAV¢Stin8
14OOA73
{1￿85.￿4)
(4J￿1￿￿O)
(5144iID)
496JlO•
New loans in the year
{lJ35.f
1701.101
{4X118JOO)
1.16&10J
ID cssh the
Itt8
1730417)
I￿?22
priod
2 J32J2A
1119.793
Cgsh andeash ¢￿ThI¢llts *tthe emd<rflbe
repY*iD%
1ffj01.704
io

NOTLS TO TH£ COliSOLIDATED FIDWSTATEMENT
forthe ye•r e*dwJ 31 Dcf¢rniv2024
Y*w eJth131
Y¢4ra￿ed 31
1024
tr￿1￿¢ priod(*b w the Sl*kntmt•r
IID*Detsl 4etiTrilies)
IJAI8SJ3Z
(603971)
587.177
IA33
I j￿.796
1967J82
77ffj10)
(569049)
(U5U99)
U2J92270)
3.7114.7110
598J93
{4J76)
2ffj94090
U)76Jl3
(21.796)
(528￿4)
895.131
(Prnfityloss on (trpos￿ of fgEd &ss¢ts
IA)ssI(8arL) ox rrYabJatR)L of a5scts
rrLance costs
knIC￿St ￿Tled
EiYxl¢nds Teceivcd
Decreas￿(l￿rIE45r) in stods
Decrea8el(In¢Trase) xy dcbtsj
805J93
2J54J92
3AIO8J38
At 1.124
At31.1324
Net
CA5h at baDk
4132J21
(73O*iTI
1ffj01.704
1332A21
(730*171
IhOl,704
N¢¢th
Dcbts thUThi8 du¢ l year
(12394ffj36)
aJ43915)
838J51)
(iU94*36
(lJ43J15)
{13W8A31)

IHE GREENCUFFE FOiJNDATION LTD
NfflFSTO IIIE cofwLIDATED FINANCLiLSTATEMENrs
for th¢ year end¢d31 D¢rrmber2024
ACCOiJI4TINC POLICIL8
B•xts •f prepaTkng1ht fj•**¢l•J
The finawial 5tatetnEnts of the pt#tt th&itsbl¢ rnpny. ISA b¢n¢fitaklity Ulld￿ FPS IQ2. h•v¢
pry*ul in ac¢ordautt with the awzittts S(W IFRS 102) 'Accowllins and RepKJrttng by Chariti¢s:
natt¢iai kq)ortiog Stsndard applicabk in the UK aTrl Rep¢tbltG of brland (FRS 102) (e￿¢￿1Ve l Jwuary
2019Y. FinwKiat ReFtttin8 s￿dard 102 The Smdard appli¢able iu the UK and R4)ubli
of IrelaDd' dnd tl* G)M[￿leS Art 2￿￿6. Tr financial statemeths knv¢ bea Pie￿￿] th¢ historiral cost
ofthe BTOUP statem￿ is tbE Poud S*rliD8 (£).
P￿ParIng its finan¢tal Statem￿ts.
Cong01ithtsd fhwI%i￿ 5tst•Theats
The f]nan¢ial sta￿llts COll&)lida* the Tth of the ¢httty and its iTrknlly ovml thidiary T CTroithrwn &
S￿$ (Lottdon) Ltd line4y-lioe The rwtts of T a￿1th￿ & &Jns ILo]thl LtrL th iLCtude the
r¢5ulrs ofits whulty OWEKd subsidiary NatLY) FoAsLtd.
A sew*e Sta￿￿t of Fin¥JKia] A¢tivitie5 and Jncome EXF￿1ti￿ for th¢ cknity bas tsot bc¢n
2$Ent￿ bE¢awthe ¢h4rity has taken &lvaDtsge of the Is pemiilted by CthEp4nies Act2006. &40&
All in¢>)m¢ is reco￿lS￿l in ￿ Sthtemew of Aetivits¢s ODC¢ ts cbrity ht¥ entitIem*rt to the fund4 it
. probth that the ineorne will b¢ TEceived and the all￿rAt rneasL￿￿ reliably. The bllowin8 wific
. InColl￿ from Ir&lin8 a¢tivi¢ies tt]ate4 tt[r￿)vEr Mknljy ow1￿ 5YW1￿ relatrs tD
exixirtiti8 of gener41 The￿1￿1188. Tw]w)ver 15 deriTKd frrfft sale of gcojs ￿MI reCO￿lSed whM th
sigDificam risks and re￿￿ of of th¢ have the buyer. thc wic¢ is fiThi or
Liabilities ar¢ rewised as as soon 45 there 15 a legal or obli8atKin commrtting th¢
ity to that apeNiiuve, it is FYobatl¢ th* a trartsfer of ￿￿)m￿¢benefits wdl b¢ T¢￿tr￿ in s¢ttkmcDt and
tk amountofthe obli83tion can k m&gJred relithty. Exp•dItt￿¢tt wJnt¢d tr on aD L4515 kndh&s
been ¢l¥sified under headin8$ that aggrEg* ￿st Rlabj th the c*ory. Whtte costs (*DTh)t be dI￿￿1Y
tr1bttt￿ to Wticujar knding5 thev 14ve be¢D allLK*d to ¥4ivihES ￿ a ba￿ o)osiststit with the use of
(trants offered 5ubiectty met atthey¢traMI dlle •¥nthJ &% aaMJVnittneot i￿t
lmvest￿￿1 PYOPEfry is slThn * rA05trK¢ntval¥*ton. Any $wIl￿￿￿Tle1t arising fiom chw i
faIr￿Ille is retwis¢d ID the of fina￿1￿ actsvitse&
Inv¢5th1￿1 Inputy 15 8t most rt(Mt valuatin Any ¥weg*s¢rphL5ordEfici¢ *isin8 from d4mges in
fair vahx is tEO)gnised in the StaknKn¢ OfFtllkn￿aI Adivitie5.
12

THE GREENCLIFFEFOUNDAIIOII LTD
NOTFS TO THE CONSOLIDATED FINANCIAL sfAIEMENfs. eoHllmll
Fuad a¢eowithi¥
R¢StrA￿ futy15 ean ottty k uwl fLr wticulr TE5tsictrd within th¢ ebiects of th¢ dwity.
The charity is exty fram t&% OTr its Glwirableamitr5. The thlly owned sub&thary has a Iwl
idizry.
Def¢tTEd tsx thas thE suwllry ig rtwsnised in respect of all timthg
at theryorting Defuttd tsx are cfflty rwis¥] tt> the exknlthatit 1$ wobabl¢ tbat thy
Hryll be r￿0ver￿ against the revuyl of defe￿1 tsx ]i4biliiies L* rthet f41tllre taryable pmfrts. If and all
Ddits<w hrr*itsiI￿ aUow4Ktsforthe wstof a fixal ]Hwel*¢n m4 th¢ d¢fared is revEned.
11 be for tax in afiitsjrt pwi(wl exeptwTr
. the group is knle to CQQtrol thE r¢Ye15￿ of ￿t￿nt￿sdIff#P¥
A deferred t*x ]iabilty or th¢ *Id1ts)n￿ lax thx wtll be ￿ld or avoitsl IE w of
(income) is presert&1 ID Jyofit or (Ibv itttt•]g or OR th¢
I￿s￿l¢￿ th2tr2sul*d in thewx expem(illo)mcl
Deferied tLXt8SEts defcrrtxt tsx liabilili¢s *eoff*t only if..
. thtt company h&8 a IcgalIy ¢Dfor¢eabk rI￿t lo setoff ojirthtlax ljabjliljas, aDd
. the drf¢Yred tts ￿ets ¥￿d dEferTed liabiliths ir&oJDe tsx¢s levied by the sam¢ authcffity
on either th¢ sam¢ twble ￿litY or dtff¢reDt t￿ble etttttKs which illteDd either to settle ¢uTrent liabilities
and &5s¢ts on a lletbasi4 orts re4lis¢ th¢assets the liabilits swjtsllell￿.
A%ets and lithiliiies in fcrign ar% trwsw itik) (4 at nt45 of ex* at the
balanr* sheet thte. Tr•uactlon5 in knign £urrentre8 •r¢ tya)sl#ol illb at the rate ofex¢hanEe ruling at
the d* of trans&dion. Exchw difftr¢n￿ Jue taken into accouw in arrtViD8 at th¢ optrat2Dg rEsuIt in th¢
Investmtst prop*Tty
IniTsts prot*ty is sho￿• 8È rnost recent Valua￿ll. Any a8gr¢8* SwpI￿ or defid¢ arisin8 from Eh4rw i
fairvaluei5 fwis¢d irtthe Sts*rnMrtof FinwKial Artivities.
TinglN¢fixtd amots
Doprrti￿ioTr 15 tti thc sAth5idiary conFqny * the thi1owiD8 wual iRordtt to write off asset
over its estirnaled life or. ifh¢ld 0￿￿￿k&￿tern. 15 the skner.
Lewthold& freehold premises - ts- IO%oA C05t
PlaDt and rnacbinEry
- 15. 25% rm èmk Value
. ￿ of the Thet W TOIUB
. 25% of the 4etW vdtse
13

GREENaaFFE FOiJNDATIOb L1D
N(YfFS IV cONsOUDAT￿ IIIE FINLYCIAL sfATEMEM5.
f•r the yÈ*r etyded31 Demnber24)24
deptKi*ion aThl aDy a￿￿￿ul11ed iMpairn￿0t kns5es. EIts￿]Cal irKludes EX￿liti￿ that li dÉre¢dy
4ttributhlc to bringing the a55et to the location for it kn be wabIe of ope￿1￿& io the
The &%stts' nsiduat val￿ ￿efUl lives 8nadepr￿hljTh mdhods and adJ￿d pMspgctive]y If
appropriat4 if the4E is aTh in1ffi￿l0￿ of asyifiLwr¢t*SillL¥ihe las1r¢￿￿1￿E
lThpththtofaJsL
hve Suffered an impai￿￿￿￿ loss. If thtre is ao itbJiL*Kin of impam¢nL tk Te¢#)verable atllOUDt of
any ￿er￿laSS¢t is e5timat¢d with its carryi￿ •DOUDL Ifestima*d xKoverabb amo)tht is lower.
imm￿11tety ÈR prnfit or k
Hlre purCh￿e luslllg¢•mml￿C¥
Sto¢ks ¥¢ V41wl at the loBrr of¢05t ￿lIsabk Co# 15 caknltst as folbw
.knv matuith. COA ofpLtr¢h&se on iffj. fllst OL*
. Wwk and r]nished 8ry)ds. c￿ ofraw n*ials •thd JaknurTog#h¥with attr1￿￿￿koVerb¢ads.
illitialty at fair vaJK net of transadkiu costs. •1 ar¢ sub*L*￿ at *ntrtised CDSt usitig the
effertive interestTnethcd, l¢ss *y irnpAirnK
Cash aud cash ¢quivale4Jts includes ¢ash dw•rslKJd at dl with other sholl.term h￿bty Itquid
trnde losn% wh¢ts4Jplithl4 are shown ￿thill iEL omljabiliti
Sknrttenll trnl¢ cr¢dith are mpawroj attl* Frice. Othu fitMLcMI liabiltties i[KI￿lIng bofjk
aT¢ m¢ag]ted illtlialty at foir DEt of ¢roAwion cl55￿ me%ured Subso4￿￿Y at BrnOrtis¢d L¥)st
ptriol and which etuployees arE emittd tl fwwatd Tw¢Tr*ithiD thenext 12 The pmvision is
th￿￿red at the salary o)st pryable ftr the rAioJ of ab*
Strck v￿￿atIOn i5 TEvi¢w¢d at the eDd of the y￿. key )SSWnPknis made its relatth ¢0 net TeJlis8bi¢
values and obsol¢tr or slow.4￿vIng Where n*es5ary. the ditK&)rs iDcluth aprovision ag* th¢ stoc](
as detail¢d in JK)te 16.
The dirEctOZ5 coL8idrr the usefvl ccoworri¢ life of fixthl assets ￿ estimote ac¢ordin81y.
tkpreci*ion r*es are tYAEd the p)li¢k&s and the d¢pTttiaEion totsls for the yeaJ are i￿IUd￿l in
(1¢ Iri,
14

ThE CREFIICIAFFE FOUNDATI(*l Lnj
NOTES TO THE CY)NSUDATED FINANCIAL STATEMEN￿. ¢OJrtkn￿Od
f•rthtye*r endEd31 DetemFxr2024
YÈaTend¢d 31
42235
GROUP UIYDERTAiaNGS
The ￿nsolkIated kn¢Tal8ttIo￿lts inthde theRsuis ofthe b¢k)W Erovp tsndcrt&kin8. Tajoiil
& Sons I￿1￿10n) itd. which ao9UVtd upon dI)Dai￿tt ofthe slwr¢ capital on I ma￿ 21Q 2kJng
with its I￿ ownal 5ubs#1iary. Fr￿dS Ltd.
lld
Y*¢￿(1d31
D¢¢¢Jthr21)24
Year enthd31
Tumov
63J2.405
87241.7YJ
572
(8iT29.836)
4JiW6
Pmfrt forthe p¢rK)d
{mer￿(08n]Sed gains
Profft k>rtb¢ kneinlyear
Defe￿¢alaX
Cl.133,633)
061 JP))
{lJQ796)
(IW175)
4J12.456
DBtrybUt￿nS (Clft Aid)
Nct forthe y¢
4C(rM))
(IAOI175)
114498J
Tr f8Urn5 aFKJvc detail th¢ amouDts Fer th ]￿ivIdUal filla￿la1 ststryts. Th¢ 1$ adjusted
uFvn consolidtition due to iAicrLY*mplly and rmrehw of £n.693 (2fr23: £81 J30). Tothl ¢Kpendits
itKlud2ng dollatioms and defttred tax, has b¢¢D adjustsj by thE iDternFaV sale5 and pw¢h&%es (￿ per a￿0￿),
oo a5ilLQM￿t for ren¢ of £400.CW (2023. w,￿)) due tj the prnt dwrrity. iDteRst iThtero)mpw
£167,197 (2023: £Dil) atbj exdMD8ef1iEvarM￿ C￿the iL*ro)mpaDy l(w of£317.78612023.. fJ)il).
Y4xr•nthd31 Yetrthded Ye•r tx*d31
Yurclld¢d
2024
2024
R¢nts R¢eived
I￿all inte￿t
Bond uitorst
rknposit accounl int¢￿st
Dividends re*ived
40(11100
239a211
104411
S￿04
W23
IOS411
9A176
21.4Y2
21.452
747
5M620
744335
42J.452
15

OTLSTO THE cO￿lDATED FINANCIAL gfATEMEYIS.
for th• yQaT elldtA 31 Defomber2024
GRANfs PAYABLE
Y•r eJthd31
Dttrthr 2•24
Yeat etsded 31
Tot8J5
123
Th¢ b￿￿10VIn of5UPPOrtCO8ts is in th¢tabk bebw.
C4J¥t
Yere*d31
D¢oJDi*r2024
year¢nd￿ 31
Ballkcharts5
123
123
Othzr
Audit and aecountaD
IKg4land profess*)naLf¢e5
1241170
42
9J(X>
18J53
Yur*nth431
YwtsMkd31
Fees wabk to the al￿￿Ors f)rthe audk or
the fmatirnl stalen￿ts
10.000
JNCOM¥W£NDfruR
Y**¢wkd31
DÈce*r 2•24
Yearended 31
Dcprxk￿n- owied as5¢ts
(l¥oftyIoss OD d￿poSal￿f￿￿4 assets
Fore[￿ ¢xhan8¢ ditrerell¢¢s
Auditois, remin¢ration-audit servxes
S87.ITI
lJ133
156055)
16000
16000
iaoowoo
08J2&766
7•J99 721
14J76)
14x17
Operdtin£ kase Tentab . knd &buldin8S
SiockxecoEnw¢d a5 an e4%n5e th¢ yea
IS￿￿1
I￿)IX￿}
E4371936
16

EMPU)YEES AND DIREcroiis
Yt4reathd31
Ye&rended 31
Wages and 58]arrs
SA)cia] security costs
(￿herpEn5￿￿S eosts
SthLI.490
535J13
iio
ss
6260358
4.73Q75l
97.5T2
5271
YtareDthd31
Y¢8rtud¢d 31
21080
21x180
21.080
21MO
Ther¢ no uTr¥byees oftheparent cknty who Rceived eM)luD￿ts of￿￿ than £¥A(((I.
The avera8¢ nunth¢roftny&)yees thcyearwas Is hlklws:
Yearended 31
il¢¢•*r2024
143
49
Pyoductiom and W?￿hoSU¢
Sales god adrthi5tt8t￿n
139
costs aod avwage nuD*>u of ¢llykny¢a rekt¢s to eryk)y¢es 4nd d•tcÈors of the tradiu8
subsidiary. and Its ￿0]ty owned subs*1w.
TRUSTW. REMUNERATION Ai¥D BENEFTTS
Thert wer¢ reli1]uK￿l0￿ or otlw for the 31 tk£Bmb¢r2tr24 ￿ fcr th¢ y
¢nded 31 D¢¢etybcr 2023.
thr tr￿]￿8 sub&di￿. L Pyani r¢L%i%TS rMUlle￿ g)Jdy for biyyok 50kty a5 a di￿<￿* of the tydin8
Sktsidiary {2024: £115￿, 2023: £12Jty)).M) re4nuJ*nttW i5JEl*d *hi8 Trlr ￿ a Try#e¢ of the cknity.
31 2023.
17

IIL TANGE￿ FIXZD A&gErs
14*seknld&
Trt•ls
At l January 2ro4
AddrKJD5
Disposab
At 31 De¢cD*¢r3)24
8aS8J78 2353.753
348J06
2210
offj•o)
&606A84 2252JO5
475386 14AQ4JOD
350a16
120,694)
(24294)
154J92 14.730322
3816.780
At l Januqry 2)24
¢Thv8e forytar
Binx)ated on disposal
At 31 tkccrl)¢r1124
2h83A31
212303
25285 2W88J29
296J73
344050 11th63397
31313
587.177
9J31)
(19931)
359932 12a32J43
1895J34 6921hSt UlSSA)17
Al 31 [*¢¢trkntr￿24
520046
Ih84I26
J97J48
94h60 2A97.679
At 31 ￿er1)er2023
733J49
1ffj33OJ3
24S226
127J36
2,738.gQ3
ij,
IAit¢d
Ai l January 2024
R¢valuations
At31 fk¢¢thX
9005.5111
•L796
7.704.714
At 31 D¢¢ekn%)24
7.704.714
At 31 Ikccmb¢r3723
C05t orvEhwi)n at 31 DeeeJrbtr2)24 u r4STescnt¢d by:
14sted
vesthrnt5
VJA¥&tton in 21r21
tion ill 2Lf22
Valuation IJ 2023
Vabjatwn i￿2024
si
IJS0,IK
(2￿94￿90}
(I JIIO.796)
lo￿￿&.0￿0
7.71M.714

THK GREZli(LfffFE FOIINDATIthY LTD
NOTL¥TO TEE CONSOLIDAITD F&YANCIAL ￿￿TEl￿ErM- ¢oJitinDed
fvthty¢arelldtd 31 Dew1btr￿24
il.
I•￿5*DI¢￿ts
At l January 2CQA
Is
76,flOO
15J76 000
BOOKVALIJE
At 31 Ikcc4th¢r21)24
Ai 31 Dec¢knWII
J5.576.000
Atth¢ baI￿re311e¢t thcch*xy¥ iJbV¢Stntnts in the shqrecaplalof ¢onpanM inehmlethe
TChofftthr•m & s￿ i1￿￿1)1￿￿
R¢Stst￿ office: T￿11 5 Slv¢Thlale ￿￿￿.M￿￿kSCK u￿53BL
N4tUT¢ ofbusittess. t¥ortat￿n ofgcnuxlnwrh8Dd$e.
aaB5 ofsharts".
Ckdinary
Th¢ substsaw cottpany Tthojtlkn￿Tr* &)DS (l￿ndon)LId tkoh&B investDXllts Ot th¢ bAknc¢ sheet
date in the sh4Tf captsl ofth¢ follo￿8 p)tspany:
N*oFothds
1&gAst¢￿d offire: 2 Swatt Pa)k ￿￿waY. UKI8 ITB
Nature ofbusiness". Ill¥Ort￿ aYLd dkttt&utH)n of knd
hokllljg
ats8 ofshaT¢S:
diThary
bobjing
11 ACQUISrnONS
The ¥quisition of T Ch01th￿ & s(￿$ IJAYthi) Ijd (K￿￿[&1 on 1st 2022. vthen T LThoitl
]rrt¢nMtlOtt￿ SA doua*d 10(Ph of th¢ slwe witsl b) Th¢ Gretrdiffe Foundation Ltd. T ChrAthram &
Sons (tL)]Klon) Ltd 100% of the sh¥e Natco FoL*I5 Lf4 which b&5 t¢en includ&l in the
acq￿lsit](ffj. lkn no ¢timideAticffi therEforeTh) 2ristrtg on con￿lidatIon Th¢ gain
Fairvthe ofnet aS5Cts 4Ui5itM)
12.03002S
Cain on eonsolidat*)n
Theresvtlts ofTCTroitlrn & so￿￿(1￿￿) LAd *kJ itswknlly 0wnedsukidi￿￿¢ detail¢d in note 3.
19

TIIE GREENCLIFFE FOUNDATIONLTD
F4(YTES TO THE CON50LIDAT6D DINANCIALSTAIEMEKTS.wothued
r•rtheye•re•kd31 D¢¢uM￿2024
Il NvEsrME￿ PROPERTY
GROUP AND CHAWTY
FAIR VAUJE
A¢ l j￿￿ary 2024
atml 31 D￿ember2024
75
ET WJOK VALUE
At 31 D¢cember2024
&7
The inVL%tllXrf proserty i•*$ Th¢ Grewjiffe Ltd by T ChoithrarA IntetWiDnd SA, a
¢ollnrcted party due w my¢u8J control. The val￿11￿ at the d* of ¢&*ion was Ca￿1¢{1 Olrt illdewdert
surveyor. with professional qualification5 *Jd valu*ioD of th¢ iW¥*ettt ryop¢ty ha5 not, '
14. DEBTOII&. AMOVKfS FAILING DVE wmllN YEAR
Ye*r wknd31
cknrfty
yurelld￿ Ye4rellthd31
Yeftrended
2924
21124
2023
TTrd¢deb¢o
(Xherd¢bto
Amounts due fiDmr¢l&ted
undertsk*ig5
VAT
11129.4
4A22A45
63J23
234￿4￿
IOh719
I•J19J58
114&068
ift¢on
21.452
39
9D
14J82MI
Ch*Tity
Y¢*¢ThknJ31 Year¢nded Yeare•&d31
Yeareodtd 31
2024
2024
UrAli%ted investtEfDt8
2L)

THE CREEliCLIFFE FOUNDATIOY LTD
NufFSTO 771E CO.WLIDAT6D FINANCIAL StAIEMEN7S. thnthiwd
forthe y¢*rthlod31 DettDber 2024
Ye*r ¢uthd31 Yearetsdrd Yewenth131 Year¢Dded
Detetthr 31 D¢cgDts ike¢•knr 31 Decetrkner
2•24
2C
2124
20
w0￿-Sti*l0￿ESS
FtUi5hed goods
1937A•Z
176M4
lJ332&S
the proftt armf kJ4 in rekion ts ob￿* or slowwillg #ock The dirccrm do ￿)t
¢Thsiderthotthere is Iny )n*ttia] difftteiKe ben¥￿ the amounts S￿d a￿d￿¢ rqJ]acementwstof stock&
17.
Chvity
Yw eth*431 Yearcnd>] Ymr ¢m&d31 Yrarettde
2WZ4
2024
Bank k)ans and oveJdrafts
Cthw tO•f5
Tradc creditots
Social 5CCUTity and othcrt
VAT
2m7A97
7AW84
290289
16933
li
177Q951
7ffj11J143
19JIKI
161936
16933
J9.31XI
uajdtttakings
Accrued e•enses
2,753246
180956
I2￿5
I9￿5*
1•300
19ffj58
13
47
4&458
A& CREDrroRS.. AMOUN13 FAUJNG DiJE AMRMORE THAN ONE YEAR
Ye*reathd31
Ch*rfty
Yearetsded Ye*rtnthd31
Y¢ar¢uded
2024
2024
An￿U￿t oxyd to rekntrd
widenakui85
30JS4J88 ai79 On
21

ThE GREENCUFFE ￿￿N￿A]lON LTD
19. PROVISION FOR UAWLMFS
Y&v enthlji Yearthldcd Ywen(kd31
YE4rend¢d
2024
20Z4
3•3kn99
De&mdthx
At l January 2024
(¥eAit to ststenpAt ofcon4yreheTr5ive •)¢oD
durng yeEr
336A15
(J2J26)
0VEm￿ IN FUNDS
At 1.124
At 31.12
20J49*74
I IJ18SJ32
31A35.006
20J49&74
Nr¢ ￿￿Ve￿Al in limd$.￿CIUdtd ￿the above arr as fol&)ws:
Re$ouK¢s Mognised
ainsloosscs)
L fuwts
U•re$tiictedfoN&
nerdl thnd
lQl.754J81
13ga683$3)
U a￿1.796)
11.088J32
IJOO 796
Ai 1.111
io fi￿dS
At 31.12Z3
Cthernl fi]nd
lilJ53I45
{6•3971)
2•349th74
20
71
2tl
49
Net nx)V¢NKDt rl fi￿￿5. ￿￿]Uded inthe aknve ar¢ as
iuoiirces sax￿{kISseS)
io
gOJ61ffj17
(88J)71A198)
(2&94Ag0)
(603.971)
90.161
8J>71A198
94A90
6Q3971

21.
Group
(J*rlty
Year¢JMIEd31 Yeart•thd31 Vt•r etykd31 Y*areR¢kd31
De¢e*2024 IleceAthr2023 D¢¢ern￿r 2024 2023
R¢nt paypAbk
inan interESt
(aft aij don3tron
A￿U￿{ fiDrnrektsd party
(ID¢1*5￿ threektrs)
400O00
167.197
2AOOJIOO
iOJigJ58
11481￿8
114&068
ans Reeived
kntettst
14JlOO)
(45ffjJ9)
0SJA18•}
(la39￿8)
135.(W)
Anx*tmt due to rektcd party
(1511)￿)
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NOTES TO THE CONSOLIDAIED ￿INANCIAL STATEME￿. ¢•ntinu
23. posr BALANCK SHEETEVENts
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