REGISTERED CHARITY NUMBER: 1203024
Report of the Trustees and
Financial Statements
for the Year Ended 30 June 2025
for
Grants for Developing
Grants for Developing
Contents of the Financial Statements for the Year Ended 30 June 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Statement of Financial Position | 4 | ||
| Notes to the Financial Statements | 5 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
Grants for Developing
Report of the Trustees for the Year Ended 30 June 2025
The trustees present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objective of the charity is to provide advice and financial grants to refugees and migrants. The charity provides grants, items and/or services to individuals in need and/or charities or other organisations working to prevent or relieve poverty or financial hardship.
Active projects
Our main active project in this reporting period was our Professional Development Programme in Türkiye, under which we offer grants to individuals who have a clear plan for their professional development and can invest some of their own money alongside our grant. We operate a competitive application process, with applications scored by our panel of evaluators. Further information can be found on our website: www.grantsfordeveloping.co.uk.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1203024
Principal address 8 Trehurst Street Homerton Hackney London E5 0EB
Trustees
R Madden Ms H Baker Ms S Wilkinson
Independent Examiner
Parker Cavendish Chartered Accountants Suite 301, Stanmore Business and Innovation Centre Howard Road Stanmore Middlesex HA7 1FW
Approved by order of the board of trustees on 29 April 2026 and signed on its behalf by:
Ms H Baker - Trustee
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Independent Examiner's Report to the Trustees of Grants for Developing
Independent examiner's report to the trustees of Grants for Developing
I report to the charity trustees on my examination of the accounts of Grants for Developing (the Trust) for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 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 connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Raymond Rubenstein
Parker Cavendish Chartered Accountants Suite 301, Stanmore Business and Innovation Centre Howard Road Stanmore Middlesex HA7 1FW
24 April 2026
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Grants for Developing
Statement of Financial Activities for the Year Ended 30 June 2025
| Period | |||
|---|---|---|---|
| 11.5.23 | |||
| Year ended | to | ||
| 30.6.25 | 30.6.24 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 21,267 | 25,000 | |
| Investment income | 2 | 248 | - |
| Total | 21,515 | 25,000 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| Governance costs | 946 | 1,100 | |
| Grants Paid | 23,841 | 2,315 | |
| Other | 1,250 | - | |
| Total | 26,037 | 3,415 | |
| NET INCOME/(EXPENDITURE) | (4,522) | 21,585 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 21,585 | - | |
| TOTAL FUNDS CARRIED FORWARD | 17,063 | 21,585 |
The notes form part of these financial statements
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Grants for Developing
Statement of Financial Position 30 June 2025
| 2025 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 17,963 CREDITORS Amounts falling due within one year 5 (900) NET CURRENT ASSETS 17,063 TOTAL ASSETS LESS CURRENT LIABILITIES 17,063 NET ASSETS 17,063 FUNDS 6 Unrestricted funds 17,063 TOTAL FUNDS 17,063 |
2024 Total funds £ 22,665 (1,080) 21,585 21,585 21,585 21,585 21,585 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2026 and were signed on its behalf by:
MS H Baker - Trustee
The notes form part of these financial statements
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Grants for Developing
Notes to the Financial Statements for the Year Ended 30 June 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the accounts.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||||
|---|---|---|---|---|
| Period | ||||
| 11.5.23 | ||||
| Year ended | to | |||
| 30.6.25 | 30.6.24 | |||
| £ | £ | |||
| Deposit account interest | 248 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the period ended 30 June 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the period ended 30 June 2024.
continued...
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Grants for Developing
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| fund | ||||||
| £ | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 25,000 | |||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Governance costs | 1,100 | |||||
| Grants Paid | 2,315 | |||||
| Total | 3,415 | |||||
| NET INCOME | 21,585 | |||||
| TOTAL FUNDS CARRIED FORWARD | 21,585 | |||||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| Other creditors | 2025 £ 900 |
2024 £ 1,080 |
||||
| 6. | MOVEMENT IN FUNDS | |||||
| Unrestricted funds | At 1.7.24 £ |
Net movement in funds £ |
At 30.6.25 £ |
|||
| General fund | 21,585 | (4,522) | 17,063 | |||
| TOTAL FUNDS | 21,585 | (4,522) | 17,063 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
|||
| General fund | 21,515 | (26,037) | (4,522) | |||
| TOTAL FUNDS | 21,515 | (26,037) | (4,522) | |||
| Comparatives for movement in funds | ||||||
| Unrestricted funds | Net movement in funds £ |
At 30.6.24 £ |
||||
| General fund | 21,585 | 21,585 | ||||
| TOTAL FUNDS | 21,585 | 21,585 |
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continued...
Grants for Developing
Notes to the Financial Statements - continued for the Year Ended 30 June 2025
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,000 | (3,415) | 21,585 |
| TOTAL FUNDS | 25,000 | (3,415) | 21,585 |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
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Grants for Developing
Detailed Statement of Financial Activities for the Year Ended 30 June 2025
| Detailed Statement of Financial Activities for the Year Ended 30 June 2025 |
||
|---|---|---|
| Period | ||
| 11.5.23 | ||
| Year ended | to | |
| 30.6.25 | 30.6.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 21,267 | 25,000 |
| Investment income | ||
| Deposit account interest | 248 | - |
| Total incoming resources | 21,515 | 25,000 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants paid | 23,841 | 2,315 |
| Support costs | ||
| Finance | ||
| Subcontractors | 1,225 | - |
| Sundries | 25 | - |
| Bank charges | 46 | 20 |
| Governance costs | 1,296 | 20 |
| Accountancy and legal fees | 900 | 1,080 |
| Total resources expended | 26,037 | 3,415 |
| Net (expenditure)/income | (4,522) | 21,585 |
This page does not form part of the statutory financial statements
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