Charlty reglstratlon number 1200282 (England and Wales) GRUMPY GIVERS CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
GRUMPY GIVERS CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr M J Vthittles Mrs sAles Mr M D Freer Mr5 P L Freer Charlty number 1200282 Company number CE030161 Prlnclpal address Middle Bear 57 Hh Street Hertfordshire SG11 1LA Independent ex2mlner Mr Bobby Bhogal FCAACCAA Henton & Co LLP Stsg House Old London Road Hertford Hertfordshire SG13 7LA
GRUMPY GIVERS CIO CONTEKrs Pag• Trustees. repcyt IndepmIent exaffmnef s reF(¥t statent of finan(ial activities Balance sheet Notes to the firwncial statements 6-11
GRUMPY GIVERS CIO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their annual report and financial statements for the year ended 31 December 2025. The financial ststements have been prepared in accordance with the accounbng policies set (xrt in note 1 to the finanaal statements and comply wrth the tharity's consbtution dated 5th September 2022. the Charitses Ad 2011 and "A(xx)untsng and Rep(xb"ng by Chanbes: Statement of Recommended PraCts. applicable to charibes preparing their a(xx)unts in a(xX)rdar the Finanaal Refx)rting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effethve 1 January 2019). Objectlves and actlvltles The Trustees have had regard to the guidan issued by the Charrty Commission on public benefit. The prinpIe obje(ts of the diarty are to enhan public benefft through grants and donatK)ns for charitable purposes. The charitys website can be found at https"Jlgrumpygivers.org uk Achlevements and rfornnce SIgncant activibes and achievements against objectsves The dty made donatsons to various inststutsons totalling £189,000 durirKJ the period. The twstees are pleased to have made c&tn"txrti{S through donations to a)mmunity organisations dunng the peiiod. The tnjstees look forward to makn.ng further (x>ntributions to charitsble causes in the future as they see fit. Flnanclal revlew The results for the perK)d are set out in the Statement of Finanaal Activities on page 4 and the surplus on ordinary acbvrties of £338.599 will be transferred to acMulated reseNes. The principle fvnding sources of the charity are the donab.ons received from trustees and the retum on investrnents made by the charty. Investrnents are selected by the thanty (xrefully arKI monitored in terms of financial perforrna and ethical implicthons at Trustee meeb'rvJs regularty throughout the year. Reserves policy The trustees wll seek to build sustsinable unrestnded reserves to a level suffiaent to provide financial stsbility and meet ary exptiOnal expendrture. sk management The Trustees monrtor the financ3al posrtion of the Charty regularly at each Trustees meeb'ng. The Trustees are sabsfied that the exposure to any major risks are mrtated. Structure. governance and management The Charity is a Charitsble Incofporated Organisab"on (Company number CE030161). having solety charitsble obiethes. aThJ registered as a charrty (number 1200282). Grumpy Givers was registered with the Chanty Commission on 5 September 2022. The goveming dcument is its constitution, agreed by the prDspeth"ve trustees dated 5 September 2022. The trustees who served dunng the year and up to the date of signature of the financial statements were: Mr M J rttleS Mrs S ArttleS Mr M D Freer Mrs P L Freer
GRUMPY GIVERS CIO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Recruitment and 8ppointment of trustees Nthv tntstees are gNen quate trainir¥J in resped of th'r legal oblat under chanty law. In particular In relab'on to the Chanty Commission Guidanc£ on Public Benefrt, the (rrtY (x)nststutson and the trustees deasion mthThJ prOsSes. The trustees. reFrt was apwoved by the Board of Trustees. MrMJ Trustee es
GRUMPY GIVERS CIO INDEPENDENT EXAMINEifs REPORT TO THE TRUSTEES OF GRUMPY GIVERS CIO I refxxt to ts trustees on nry examinabon of finaNial stateTYwts d (>uryJy C5 CIO dwty) Ye efxjed 31 December 2025. SedK 145(5)(b) (A ts chan Ad 2011. I have {xXry) my exarnmab(. I c(xffirm that rK) matters have (x)me to my attenbon in cy)nne(*K)n wrth the a(r(xmbrvJ re(S were rK)t kept in resped of the tharty as required by sedion 130 of the Charities Ad 2011. the financial stater1 do not a(xxxd those re(xKts; ( the finla1 do not c(xr¥ty wlh the applicable requirements conceming the fom afxl (Thtent of finanaal ststements set out in the Charibes (ALOunts and Rep(xts) Regulations 2008 other than any requirement that the finanaa ststements gNe a tn and fair view. which is not a matter considered as part of I have no cOrmS and have come auoss no other matters in connection wrth the examination to which attention should be drawn in this rep(xt in (xder to enable a wopef understanding of the finarla1 ststements to be reached Mr Bobby Bhogal FCA ACCA A Hent( & Co LLP stag HLxJse Old LorKlon Road Hertford Hertfordshire SG13 7LA Date:
GRUMPY GIVERS CIO STATEMENT OF FINANCIAL ACTivrriES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestrlcted Unrestrlcted funds funds 2026 2024 Notes Income from: Donations and legacies Investrnents 150,841 23.303 571,379 14.559 Total Income 174,144 585,938 EXpendIre on: Charrtable activrties 193,303 188.422 Total expendknre 193.303 188.422 Net gains on investments 11 357,758 238,221 Net income and movement in funds 338.599 635.737 Reconclllatlon of funds: Fund balances at 1 January 2025 1,022.107 386.370 Fund balances at 31 December 2025 1.360.706 1,022,107 The statement of financial a1veS indudes all gains and losses recognised in the year. All income and expenditure derive fr(xn continuing aCtiVrts.
GRUMPY GIVERS CIO BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Flxed assets Investments 13 793,759 848.197 Current assets Cash at bank and in harKJ 568,492 175.410 Credltors: amounts falllng due wfthln one year 14 (1,545) (1,500) Net current assets 566,947 173,910 Total assets less current Ilabllltles 1.360.7( 1.022,107 The funds of the ch2rlty Unrestncknl funds 16 1,360,7( 1,022.107 1,360.706 1,022,107 The financ4al ststements were approved by the tNstees on ........ MrMJ Trustee 2A)LL
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng polficles Charlty Infornutlon Grumpy Givers CIO is a public benefft entty in the form of a chantable incorporated organisatson (CIO), 1.1 Accounting convention The financial ststements have been prepared in accordance wrth the charitys conststution dated 5th September 2022 . the Charities Ad 2011. FRS 1 (Y2 "The Financial Reporb"ng Stsndard applicable in the UK and Republic of Irelan(r rFRS 102") and the Charities SORP "Accounting and Reports'ng by Charities: Statement of Rea)mmended PraCts" applicable to chantses preparing their accounts In accordan wth the Finanaal Repo"ng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effeth've 1 January 2019). The is a Public Benefft Entsty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for ChareS not to prepare a Statement of Cash Flows. The finanaal ststements are prepared in sterling. whidi is the funthonal rrencY of the charity. Monetary arnunts in these finanaal statements are rounded to the nearest £. 1.2 Going concern At the bme of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to conb.nue in operational existen for the foreseeable future. Thus the trustees contsnue to adopt the going conrn basis of accounbng in preparing the financial statements. 1.3 Ch2rltsble funds Unrestricted furKJs are available for use at the discrets.on of the trustees in furtherance of their charrtable obJ"edives. 1.4 Income Income is recognised when the thanty is legally entitled to it after any perfornian conditions have been me( Ihe arrx)unts can be measured rdiabty, and rt is probable that income wll be received. Cash donats.ons are recognised on receipt Other donations are recognised once the charity has been notified of the donation, unless perf0rrnan (X)nd.(S require deferral of the amounL IrKome tax recoverable in relat to donations received under Gift Aid or deeds of covenant is recognised at the ts.me of the donation. 1.5 Expendlture Expendrture is recognised or£e there is a legal or construcbve obligabon to transfer ecorK)mic benefit to a third party, it is probable that a transfer of economic beneffts will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is dassffied by athvity. The costs of each activity are made up of the total of direct costs and shared costs. induding support costs involved in undertaking each athwty. The charity is not registered for VAT, expenditure. where applicable indudes irrecoverable VAT. 1.6 Fixed asset investments Fixed asset investments are inibalty measured at transaction price exduding transacts.on costs, and are subsequenuy measured at fair value at each reportir¥J date. Changes in fair value are recognised in net ina)me/(expenditure) for the year. Transathon costs are expensed as Incurred. 1.7 Cash and cash equlvalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original matunb.es of three months or less, and bank overdrafts. Bank overdrafts are shown within boffowings in current liabilities.
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles (Contlnued) Basic financial assets Basic finanaal assets, which indude debtors and cash and bank balans, are Inthalty measured at transadion wice induding transadion costs and are subsequently carried at arno"Sed cost using the effethve interest metTrK)d unless the arrangement consbtutes a financing transathon, where the transacb.on Is measured at the present value of the future ripts dis(x)unted at a market rate of Interest. Financial assets dassffied as receivable withi.n one year are not 8rtIsed. Basic financial liabilities Basic finanaal liatx'lrties, induding (xeditors and bank loans are Inibally re(x)gnised at transath.on Pri unless the nget cstrtuteS a finanang transath"on, where the debt instrument Is measured at the present value of the future payments discounted at a market rate of Interest. Finanaal liab11.es dassffied as payable wrthin one year are rnt arnOrt. Debt instruments are subsequenuy carried at amorbsed cost, using the effectsve Interest rate Tr* (xeditors are oblationS to pay for goods or services that have been uired in the ordinary of operabons from suppliers. Amounts payable are dafied as current l1atsl.eS rf payment is due wthin one year or less. If not, they are presented as non-current IiabilrtJ"es. Trade credrtors are recognised inth.al tranSadI price and subsequenty measured at amortssed cost usirvJ the effecb.ve interest thOd. L)erecognition of financial liabilities Finan(ial I.1eS are derecognised when the anty's contractual obligations expire or are discharge or Crftical accountlng estSmates and Judgements In the appli(xtion of the charty's accounting policies, the trust are required to make judgements, e and assumpbons about the carrying amount of assets and liabilitses that are not readily apparent fr sour. The estimates and assoaated assumpbons are based on historical experience and other fa re (x)nsidered to be relevanL A(aual results may differ from these estsmates The estimates and urKler1ying assumpbons are reviewed on an ongoing basis. Revisions accounting esb'mates are recognised in the period in which the estimate is revised where the rewsion affects only that penod, or in the pen1 of the revi and future re the revision affect future periods. tes the sthat Income from donatlons and legacles Unrestric funds 2025 nres cted funds 24 Donab"ons and gifts 150
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Unrestricted funds funds 2026 2024 Income from listed investments Interest receivable 19.175 4.128 11.209 3.350 23.303 14,559 ExPendIre on charftable acovltles Unrestslctsd Unrestrlcted funds funds 2026 2024 Dlrect costs Grant funding of adivibes (see rK>te 6) 189,000 185,200 Share of support and governance costs (see note 7) Govemance 4.303 3,222 193,303 188,422 Analysls by fund Unrestrided funds 193.303 188.422
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Grants payable Unrestrlcted Unrestrlcted funds funds 2025 2024 Grants to institutions: Congo Churth Asso(iabon PCC for the Ec Standon Church Essex & Herts "r Ambulan Trust Safer PlaS Mede(?n Sans DS Athieve Scoth"sh Wldlrfe Machrihanish National Y(xrth Orchestra Royal Nab"onal febOat Insbtutson Safvation Army Isabel Hospi Medair Futurehope Mercy Ships 1,000 45,000 5,000 5,000 15,000 25,000 10.000 200 15,000 25,000 50,000 10,000 10.000 5,000 10,000 25,000 18,000 25,000 25,000 50,000 189,000 185,200 Support costs allocated to activities 2025 2024 Governan costs 4,303 Analysed between: Unrestrided funds 4,303 3,222 Net movement in funds 2025 2024 The net m0Vennt in funds is stated after charging1(c¥edng). Fees payable for the independent examination of the chanty's finanaal statements 1,545 1,500 Trustees Ne of the trustees (or any persons C<neded them) received any remunerabon or benefits from the chanty during the year.
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 10 Employees The average monthly number of employees during the year was: 2025 Number 2024 Number The employees are the tnjstees of the thanty and received no remunerabon for their seNices. There were no employees wtK)se annual remuneration was more than £60,000. 11 Gains and losses on investments Unrestricted Unrestrlcted funds funds 2025 2024 Gain00Sses) arising on: Revaluation of investments Sale of investments (60,849) 418.607 175,483 62,738 357,758 238,221 12 Taxation The chaiity is exempt from taxation on its activitses because all its income is applied for charitsble purposes. 13 Fixed asset Investments Usted Investments Cash in portfolio Total Cost or valuatAon At 1 January 2025 Additi(S Valuation (*w)ges Net movement on cash accounts Disposals 811,650 337,190 (60.849) 36.547 848.197 337,190 (60,849) 54,892 (385,671) 54,892 (385.671) At 31 December 2025 702,320 91.439 793,759 Carrylng amount 31 December 2025 702,320 91,439 793,759 At 31 December 2024 811,650 36,547 848,197 10-
GRUMPY GIVERS CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 2025 7(r2.320 91.439 811.650 793,759 848.184 2025 1.545 not subjed to speak ty (k)nors afKI grantors as to h(Av Ihey may be used. At 1 January Incomlng Resr¢e5 Galns 2nd 2025 resources expended At31 December 2025 1.022,107 174.144 (193.303) 357.758 1,360.7( Prevlous year At 1 January Incomlng Resources Gains and At31 2024 G[al funds 386.370 585,938 (188,422) 238,221 1.022,107 16 Related party transactfions Transactfjons wfth related part5es During the year the charity entered into the following tran&3Ctions wth related parb"es: Don2tlons recelved 2025 2024 Trustees 150. 150,840 571,379 11
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