Charlty reglstratlon nthiber 1200282 GRUMPY GIVERS CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2027
GRUMPY GIVERS CIO LEGAL AND ADMINISTRATIVE INFORMATION Truste•8 Mr M J Whittles Mrs S A hIttle3 Mr M D Fr8er Mrs P L Freer Charfty number 1200282 Company numb?r CE030161 Prlnelpal addres8 Middle Bear 57 High Street standon Hertfordshire SG11 1LA Ind•p•nd•nt examlner R J Sears FCCA Henlons stag House Old London Road Hertford Hertfordshire SG13 7LA
GRUMPY GIVERS CIO CONTENTS Palle Trustees, report Independent examinevs report Stat6menl of financial acttvities Balance she81 Notes to th6 fin8ndal statements 6-11
GRUMPY GIVERS CIO TRUSTEES. REPORT FOR THE PERIOD ENDED 31 DECEMBER 2023 The trustees present thair annual report and finanual ststèmants for the period 5 September 2022 to 31 December 2023. The financial statements have been prepared in a(ordanCe with the accounting [ICI&S Sèt out in note I lo the nancial stalemenls and comply vlith the charity's conslilulion dated 5th Septembef 2022, the Char5fjès Act 2011 and "Accountlng and Reporting by Charities." Slgt8ment of Recommended Pracb"( applicable lo charities preparing their accounts in accordance with thè Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" {effective 1 January 20191. Obl•V¢S And a¢tlvltl•s The Trustees have had regard to the guidan< issued by the Charity Commission on public benefit. Thè principle objects of the charity are to enhance public benefit thiough grants and donations for charitable purposes. The charity's website can be found al https.'Ilgrumpygivers.org.uk Achlev•m•nts and performance SignifiGanl activities and achievements against objeclwes Th9 charity made donations to various institutions tolalling £13,000 during the PgTiod. The Iruslees are pleased to have made contributions through donations to eommunily organi58tions during the period. Tho trustees look forward to making further contributi(5 to charitsble causos in the fL¢lure as they 59$ fil. Flnanclal revlew The results for the peTiod arè sat out in the Statemènt of Financial Activities on page 4 and the surplus on ordinary activities of £386,370 will be Iransfetr8d to aecumulated reserv85. Thg principle funding sources of the charity are th8 donations received from trustees and the reluTn on investments made by tha charity. Investments are selected by the charity earefully and monltored in temis of finan¢lal Performan and èthical implications al Trustèè meetings regularly throughoui the pericxl. R8saNos pOIY The Iruslees will se8k to build sustainable unièstricted reserves lo 0 lèvel sufficient to provide financial stability and m8èt any eXptIonal expendlture. Risk m8n&ggm&nt The Trust88s monitor the financial position of the Charity regularly at each Trustees mèèting. The Trustees aro 58tisfied that the exposure to a)y major risks mitsgated. StructuY•, gov•fn4noe and management The Charity is a Charitable Incorporated Organisation (Company numbèr CE0301611. having solaly eharitable objectwes, and registered as a charity (number 1200282)- Grumpy Givgrs was registered wth Ihe Charity Commi55ion on 5 September 2022. The govèrning document is ils (xjnstitulion. agreed by the wospectbve trustees datèd 5 September 2022. The trustèès who sewl during thè period and up to the data of signature of the finaneial statements were". Mr M J Whittles Mrs S Avvhittles Mr M D Freer Mrs P L Freer
GRUMPY GIVERS CIO TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 Rg¢rui¢mgnt &nd 8ppoAntmènt of trustoes New tnjstaos are given adequate training in respect of their legal obligations under charity law. in particular in relalion to the Charity Commission Guidance on Public Benefit, the charity conslilulion and the trustees decision maklng processes Tho trusteas, report was approved by the BoaTd of Trustees. Mr M J VVhilUè5 Tru6t•• Dale..
GRUMPY GIVERS CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GRUMPY GIVERS CIO I report to the trustees on my examination of the financial statements of Grumpy Givers CIO Ilhe charity) for tha pèriod 8nd8d 31 Dècèmbèr 2023. R•sponslbllltl•s and ba$ls of report As the trustees of the charity you are reSnsIble for the preparatton of the fina[al statements In accordance with the requiremenls of the Charities Act 2011 {the 2011 Acll. I report in respect of my examination of the chartty s finand81 statements car out under sgctlon 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Indepgnd?nt examlner's $tat•ment I have completed my examination. I that rK) matters hava come to my attention in connection with the examination giving me cause lo believe that in any material respe¢t'. ac¢tsunling ra(x)rds warè not kept in respect of the charity as required by section 130 of the 2011 Act.. or tha financial statements do nol aOrd with those records.. or the Iinarhcial statements do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008 0tt)er than any requlrement that the a(munts giv8 a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters In conn8¢llon wlth the axamlnation to which attention should ba drawn in this report in order to enable a proper understanding of the financial statements lo be reathed. R J Sears FCCA Hgntons stag Hous6 Old London Road Hértford Hertford5hire SG13 7LA Dated.. 19
GRUMPY GIVERS CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 DECEMBER 2023 Unrestrlct¢d fund6 2023 Notes Income from: Donations and legad&$ Investments 243,930 3,800 Total Inoome 247.730 Expendlture on: Charitable aclivittes 14.440 Total expvndlture 14,440 Net gainslllossesl on investments 11 153.080 Income and movement In funds 386,370 Ro¢¢nolllatlon of funds: Fund balances al 5 September 2022 Fund balances at 31 Decembar 2023 386.370 The statement of fin8nd81 8Ctivitias ineludes all gains and losses recognised in the period. All income and exoandlturè darlva from continuing activities.
(>KUMPY GIVERS CIO BALANCE SHEET AS AT 31 DECEMBER 2023 2023 Notos FSxed assets Investments 13 375,760 Curr•nt ass•ts Cash at bank and in hand 12,050 Credltors: amounts falllng due wlthln one year 14 11,4401 Not curr•nt assèts 10,610 Totsl assots l•$$ ¢urfvnt Ilabllltt•s 386,370 Net assets ex¢ludlng pgn$lon Ilablllty 386,370 The funds of the charlty Unrestricted fvnds 386,370 386,370 The )Inancial statements were approved by the trustees on ............. . Mrm Trustse hlttles
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 A¢¢ountlng pg11¢19 Charlty Infornutlon Grumpy Givers CIO is a public benefit entity In the form of a charitable incorporated organisation {ClO). 1.1 Reportlng perlod The enlilies financial stslem8nls have been prepared for the extended period 5 September 2022 to 31 December 2023. 1.2 Accountlng ¢onventlon The financial slalements have been prepared in accordance with the chari(Vs constitution dated 5th September 2022 , th8 Charit16s Act 2011. FRS 102 °Th6 Financial Reporting Standard applicable in the UK and Republic of Ireland. l°FRS 102.1 and the ChaTilies SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in aeix>rdance with the Financial R8p(Kb"ng Stsndard applieable in thè UK and Republic of Ireland IFRS 1021" {effecttve 1 January 20191. The charity is a Public Benefjt Entity as deffined by FRS 102. Thè charsty has taken advantagè of thè provisions in th8 SORP for chariligs not to propare a Stslemenl of Cash Flows. The finanaal statements are prepared in sterfing. which is the fvnctional currency of the charity. Monetary amounts in these financial ststemenls are rounded to the nearest £. 1.3 Golng concern At the time of approving the financial statements. the trustees have a reasonable expectation that the tharity has adequat8 resources to continue in operational existence ft)r the foreseeable future. Thus the Iruslees continue to adopt the going concern basis ol accounting in preparing the financial statements. 1.4 ¢h4rltabl• funds Unrestricted funds ara available for use at the discretion of thè trustw In furthgr8nce of thglr charflabl ot4'ectives. 1.6 Income Income is recognised when the charity is legally entitled to it after any Performan conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Cash donations 8re recognised on racèipt. Othèr donmtions arè recognlsèd th8 charity ha5 b8en notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donations raceived under GiftAid or deeds of covenant is recognised at the time of the donation. l.fj Expendlture Expenditure is recognised on(% thèrè is a legal or constwctiva obligation to transfer aconomic bènefit to a third party, it is probable that a transfer of economic benefits wll b8 required in settlement, and the amount of tha obligation can be measured reliably. Expenditure is classified by activity. The costs of eath a¢lSvity are made up of tho lolal of direct costs and shared costs, including support costs involved in undertaking each activity. The charity is not registered for VAT, expenditure, where applicable includes iTfècov8rable VAT. 1.7 Flxed asset Investments Fixed asset investments are initially measured at transthin price excluding transact¢tsn Costs, and are subsntlY maasurèd at fair value at each reporting dale. Changes in fair value are recognised bn nel incornellexpendilurel for the y8ar. Transaction costs are expensed as incurred.
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 Aooountlng pollGle5 {Contlnuedl 1.8 Cash and ¢a8h equlvalents Cash and cash equivalenls irhclud8 cash in hand, deposits held al call with banks. other short-lerm liquid investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilitias. Bthslc Iln8nclalass•ts Basic finanaal assets, which in(4ude debtors atyj cash and bank balances. are ini118lly measured at transaction price induding transaction costs and are subsequently carried at amortised cost using the effective nterest mèthod unless the arrangement conslilules a finanang transaction, wheré thè transaction is measured at the present value of tt)a lutura reeeipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amort158d. Baslc llnanelal Ilabllltl8S Basic financial liabilities. induding creditors and bank loans ara inltially e0gniSed at Iransaotion Price unless the arrangemènt (xjnstitutes a financing transaction, wheTe the debt instrumenl is measured at the present value of the lulure payments discounted al a market ratè of interest. Finanaal liabilities classified as payable within on8 yèar are not amortised. Debt instruments are subsequently carrfed al amortised cost. using the effective interest rale method. Trade creditors are obligats.ons to pay for goods or services that have been acqulrèd In the ordinary course of opèrations from suppliers. Amounts payabb are classified as current IiBkilities if payment is due within one year or less. If not. Ih8y arè pres&nted as non-currenl liabilities. Trade creditors are r8cognisèd initially al transaction prieè and subsequently measured at amorti5ed c05t using th8 effective interest method. Derncognlth?n olflnancial Ilabllltl¢ FinanaBI liabilities are derecognised when the char6ty'$ ¢onlr8Ctual obligations expire or are discharged or cancell&J. ¢rltlGal aceountlng estlmates and ludqements In the application of th& charity's accounting policies. the trustees arè réquired to make judgements, estimates and assumptions about thè carying amount of assets and liabilities that arg not raadily ppant from other sources. The estimates and associated assumptions are based on historical experience and other factors that are nSidr8d to bè rolevanl. Acbjal results may differ from these 85timates. The estimates and underfying assumptions arg rèviawèd on an ongoing basis. Revisions lo accounting estimates arè r8eognised in the wriod in which the estimate is revised whèrè the revision affects only that period, or in the period of the rèvision and future periods where the revision affect5 both ajrrant 8nd fulure Pgrbods. Incomè from donatlons and legacles UnreStoted funds 2023 Donations and gifts 243,930
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 In¢om• fmm Investments Unrestrlcted funds 2023 Income from listed investments 3,800 Exp•ndltur• on oharltable aotlvltl•B Unr•strl¢t•d funds 2023 Dlrect costs Grant funding of activities (see note 61 13,14)0 Share ofsupport and governan¢• Costs {#•• nots 7 Govemart 1,440 14.440 Analysls by lund urestlCted fvnds 14,440 Grants pay•bl• UnrostrlGted funds 2023 Gr8llts to instrtutions.. Embercombe The Mudlarks Community Essex & HertsAirAmbulance Trust Royal Mencap Society to,000 1.000 1,000 1,000 13.000 Support costs allocated to aetfvitles 2023 Goveinance costs 1.440 Analysed between: Unreslricled funds 1,440
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 Nèt mov•m•nt In fund8 2023 i ne nel movemern In Tunas Is stsle(i aitsr ¢harginglicreaiiiri-:" Faas payable for the independent examinalith of thè d)arity's financial statements 1.440 Trustees Nonè of th& trustees lor any persons COrted with Ih8m} rèc8iv&d any remuneration or benefits from the charity duTing the period. 10 Employegty The average mnthly number of employees during the period SrKluding Irusl8es was.. 2023 Number There were no employoos whose annual remuneration wa$ m* than £60,000. 11 Galns and los808 on Inv•stm•nts Unrgstrl¢t•d fund8 2023 tJainslllos5esl arising on.. Revaluation of investments 153,080 12 Taxatlon The charity is exèmpt from tsxalion on its activities because all Its itKome is applied for charitable purposes. 13 Flxed ass Investment8 Usted Invèstmènts Co$t or vAluatlon At 5 September 2022 Additions Valuation changes 222,680 153,080 At 31 December 2023 375,760 Carrylng amount At 31 Dècember 2023 375,760
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 13 Flxed asset Investrnents IContlnu•dl 2023 Investments at fair value comprise.. Equities Cash held by inwstmant managers 371.960 3.800 375,760 14 Credltc+rs: amounts f4115ng du? wlthln on• y•ar 2023 Accruals and deferred income 1.440 16 Unrestrlcted lunds The unrestricted funds oflhe charity comprise th& unexpended balances of donall¢)ns and grants lch ar6 t subject to specafic conditions by donors and grantors as lo how thay may bg used. At5 September 2022 Incomlnq sources R•source$ •xpended Galns and losses At31 Decèmbèr 2023 General funds 247.730 114,4401 153.080 386.370 10-
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 DECEMBER 2023 18 Relat•d p4rty tr4nsaotlon¥ Tr4nJaotlon$ wlth rèlated part During the period the tharfty entered into the following Iransactlons wlh related partt'&s'. Donallons rnctlv•d 2023 TTUStee5 243,930 11