## **Grangers Charitable Foundation CIO**
## **Contents of the Financial Statements for the Year ended 30[th] September 2023**
||**Page**|
|---|---|
|Report of the Trustees|2 to 3|
|Report of the Independent Examiner|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7|
|Detailed Statement of fnancial Activities|8|
1
## **Grangers Charitable Foundation CIO**
## **Trustees’ Report for the year ended 30 September 2023**
30 September 2023, The Trustees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland.
## **Objectives and Activities**
To advance such charitable purposes (according to the law of England and Wales) as the
##
community projects.
## **Achievement and Performance**
charities and other costs of the charitable organisation.
## **Financial Review**
## **Investment Policy**
Trustees are in the process of setting up an interest-bearing account for funds on deposit.
## **Reserves Policy**
The Trustees consider the reserves held in the bank account of £176,999 are enough to cover any expenditure that may be Incurred in the next two years.
## **Internal Controls**
Charitable donations from the Charity must be approved in advance at Trustee meetings where accounts and bank statements will be reviewed.
## **Structure Governance and Management**
## **Governing Document**
The Charity is controlled by its governing document filed 14[th] July 2022 and is a CIO (unincorporated association).
## **Organisational Structure**
There are currently three Trustees. Meetings are held as and when any Trustee deems necessary.
## **Risk Statement**
The Trustees are not required under the current Charity Commission and SORP guidelines to carry out a review of major risks as the Charity income does not exceed £250,000.
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## **Grangers Charitable Foundation CIO**
## **Reference and Administrative details**
**Charity registration number** 1199644
**Principal Address** GRANGERS INTERNATIONAL LTD ENTERPRISE WAY, DUCKMANTON CHESTERFIELD, S44 5FD
**Trustees** (all appointed 14[th] July 2022) Mr Martyn Rose Chairman Ms Karolina Jones Mr Neil George
## **Declarations**
The Trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
**Mr Martyn Rose – Trustee and Chairman**
Dated 31 July 2024
3
## **Grangers Charitable Foundation CIO**
## **Independent examiner's report to the Trustees of Grangers Charitable Foundation CIO.**
I report to the trustees on my examination of the accounts of the above charity for the year ended 30/09/2023.
## **Respective Responsibilities**
The Charity consider that an audit is not required in the year under section 144(2) of the Charities Act 2011 (“the Act”) and that an independent examination is needed.
It is my responsibility to follow procedures laid down in the General Directions given by the Charity Commission under section 145 of the Act and to state whether particular matters have come to my attention.
## **Basis of Independent Examiners Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records and a comparison of the accounts with those records and seeking explanations from Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters as set out below.
## **Independent Examiners Statement**
In connection with the examination no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with S130 of the 2011 Act and to prepare accounts which accord with the accounting requirements of the 2011 Act have not been met or to which in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Graham Carter 25[th] July 2024
Accountant and Independent examiner
79 Cranleigh Mead, Cranleigh, Surrey GU6 7JT
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## **Grangers Charitable Foundation CIO**
## **Statement of Financial Activities for the year ended 30[th] September 2023**
|||||**30.09.2023**|**Prior year**|
|---|---|---|---|---|---|
||**Notes**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**funds**|**funds**|**funds**|**funds**|
|**Income from**||||||
|**Donations**|2|190,000|0|190,000|0|
|||________|________|________|_______|
|**Total**||190,000|0|190,000|0|
|||_________|________|________|_______|
|**Resources expended**||||||
|Charitable Activities|3|13,001|0|13,001|0|
|||________|________|________|_______|
|**Total**||13,001|0|13,001|0|
|||_________|________|________|_______|
|**Net income before**||||||
|**investment gains**||**176,999**|**0**|**176,999**|**0**|
|Net gains/(losses) on investments||
0|0|0|0|
|||________|________|________|_______|
|**Net income**||176,999|0|176,999|0|
|||________|________|________|_______|
|**Net Movement in Funds**||176,999|0|176,999|0|
|||________|________|________|_______|
|**Total Funds Carried Forward**||**176,999**|**0**|**176,999**|**0**|
|||________|________|________|_______|
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## **Grangers Charitable Foundation CIO**
## **Balance Sheet as at 30[th] September 2023**
||||**30.09.2023**|**Prior year**|
|---|---|---|---|---|
||**Notes Unrestricted**|**Restricted**|**Total**|**Total**|
||**funds**|**funds**|**funds**|**funds**|
|**Current Assets**|||||
|**Cash at bank**|178,499|0|178,499|0|
||________|________|________|_______|
|**Total Current Assets**|178,499|0|178,499|0|
||________|________|________|_______|
|**Creditors – Amounts falling**|||||
|**due within one year**|5 1,500|0|1,500|0|
||________|________|________|_______|
||1,500|0|1,500|0|
||________|________|________|_______|
|**Net Current Assets**|176,999|0|176,999|0|
||________|________|________|_______|
|**Total Net Assets**|**176,999**|**0**|**176,999**|**0**|
||**________**|**________**|**________**|**_______**|
|**FUNDS of the Charity**|||||
|**Unrestricted Funds**|176,999|0|176,999|0|
||________|________|________|_______|
|**Total Funds**
|**176,999**|**0**|**176,999**|**0**|
||**________**|**________**|**________**|**_______**|
## **Approved by**
**Mr Martyn Rose – Trustee**
**Dated 31 July 2024**
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## **Grangers Charitable Foundation CIO**
## **Notes to the Accounts for the year ended 30[th] September 2023**
## **1. Accounting Policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
The Trustees consider there are no material uncertainties about the Charity’s ability to continue as a going concern and accounts have been prepared on this basis.
**Income** is recognised upon receipt.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to the expenditure. Expenditure is accounted for on an accrual basis.
## **Governance Costs**
Support costs have been allocated between governance costs and other support costs. Governance Costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
## **2. Analysis of Income**
Unrestricted Donations £190,000
## **3. Charitable Activities Costs in the year comprise:**
Donations £11,500 Bank Charges £ 1 Accounting fees £ 1,500 Totals £13,001
## **4. Governance Costs**
Independent examiners fees £1,500
## **5. Creditors amounts falling due within one year**
Trade Creditors £1,500
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## **Grangers Charitable Foundation CIO**
**Detailed Statement of Financial Activities for the Year ended 30[th] September 2023**
**----- Start of picture text -----**
£
Income
Donations 190,000
Expenditure
Donations 11,500
Bank fees 1
_________
11,501
Independent Examiner fees 1,500
__________
Total Expenditure 13,001
__________
Net Income 176,999
___________
**----- End of picture text -----**
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