Charity reeistrntion number 1205976 IEngland and Walesl THE GRANTTHORNTON FOUNDATION CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 THE GRANTTHORNTON FOUNDATION CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees K Carnpbell F BeiKhton K Coates PRao L Drury J Barnett Charity number 1205976 è8lstered offlce 8 Finsbury Circus London EC2M 7AZ Indepèndent txamlnèr Mitchell Charlesworth IAuditl Limited 3rd Floor 44 Peter Street Manchester M2 5GP Bankers Barclays Bank UK PLC I Churchill Place London E14 SHP THE GRANTTHORNTON FOUNDATION CIO CONTENTS Pa8e Trustees, report Independent eKaminer'5 report Statement of financial activities Balance sheet Ntstes to thè financial statements 7-13 THE GRANTTHORNTON FOUNDATION CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trustees preseni their annual feport and financial sMements for the year ended 31 March 2026. The financial statements have been p￿pared in accordènce with the accountin8 policies set out in note I to the financial statement5 and comply with the charity'5 governing document. the Charitie5 Act 2011 and "Accounting and Reporting by Charitie5.' 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 IFRS 1021" (effective l January 20191. Oblecllves and a¢tlvltle5 The Grant Thornton Foundation I'the Foundation'l 15 a charrty dedicated to making a positive irnpact on our communities through strategic funding and support ol charities. It is a tangible demonstration of the Foyndation's values, our dedication to social impact and our commitment to creatin£ a better future for all. The Foundatlon has four objettives.. To promote social inclusion for the public benefit by preventin8 people from becoming socially excluded To promote opponunities lor the development, education and support of young people To advance education To prevent or relSeve povertv Publit benefit The Trustees have pald due re8ard to 8uidance issued by the Charity Commission in declding what actlvities the charity should undertake. Activities The main activity of the Foundation is to provide financlal support to varyin8 chariiies that align with our objectlves. We also work with Grani Thornion UK, providing volunieering opportunities for Grant Thornton UK employees to support our charlty partners. Achlevements and performance Significontoctivities ond ochievernents ogoinst objectives In the year ended 31 March 2026, The Foundation awarded £143,717 In grants to the following six UK-based charlties.. Magic Breakfast lunrestrictedl.. The mission ol Magic 8reaktsst is to ensu￿ thai no youn8 person in the UK starts the day to hungry to learn. This year. our donation helped Magic Breakfast deliver 100.000 breakfasts tts children acr05S the UK equivalent to 1.578,706 bagels, S,367.601 slices of toast. or 2,982.000 bow15 01 cereal. Colleagues from Grant Thornton UK in Glasgow joined St Martins Primary School in December 2025 for Magic Breakfast's Magic Makers winter event, unveilin8 8ifts of outdoor play and learnin8 equipment to spark imagination, build teamwork, and support thSldren's physical development. The Btyree Centre luThrellnctedl.. The Bayt￿ Centre is an e(lucational charity based in Brixton, South London. They provide networks and opportunitie5 to ernpower women and girls to build 5ki115. and a sale space to gain the confidence and wisdom they need to thrive in life, work and famity. Our grant funded employability prograrnmes for 149 girls. delivering 256 sessions across $75 hours of dedicated activity. More than 90% of participants reported improvements in academic engagement. employability skills. life skills and connection within their communities- remarkable testament to the programme's ￿3¢h and inlluence. Futu￿ First lunrestrictedl.. Future First is a s(Kial mobility chaiity on a mission for every UK state schoo1 and College to be sUPPOrted by a thriving and engaged cornrnunity of alumni and relatable role rnodels. Our donation continue5 to fund school partnership5 or career insight days across Manchester. Bristol. Glasgow, Sheffield. and London. The increased donation will also be used to expand Future First's Stepping Stones programme. an initiative designed to bring meaningful. early work experience to students from Year B onwards. THE GRANTTHORNTON FOUNDATION CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Speakers Trust lunrestrittedl.. Speakers Trust is a chaiity who WOTk with over 6LK) secondary schools across the UK, delivering high quality public speaking workshop5 to students. ernpowering them to becotne skilled public 5peaker5. Our latest grant will help bring "My Maiden Speech North~ to life. expanding the success of the original programrne to the North of England. It will bring together businesses. charitie5. public figures and student5, amplifying young voices in a region brimming with potential. akt (formerly Albert Kennedy Trust) lunrestrictedl.. akt works to ensure that every LGBTQ+ I￿25-year-Old facing homelessness or a hostile Ilvirng environment in the UK has a saFe place to live. Much of akt's work Is focused on casework with youn8 people facing homelessness. understanding their unique position and how their identity informs their circumstances. Since our grant wa5 provided. caseworkers have provided support to 753 LGBTQ+ young people who are facing hornele55ness. of whom 188 went on to secure accommodation. Insplration tor All lunre5trictedl.' The charity brings schools and business together to lift-up leader5, schools and students in turn. We made our grant in October 2025 which has allowed seven mentor pairings between school leaders and Grant Thornton UK partners to be funded. Those mentorship pairings be8an their journey in late February 2026. based in both Leeds and London auoss primary, secondary and sixth form college settings. These partnerships reflect the Foundation's tommitment to impactful giving and Creating meaningful volunteerlng opportunitie5 lor Grant Thornton UK colleagues. The Foundation a150 made additional 8rant5 and payrnents to a number of other charities. including the first grants made to harities supported by Grant ThorThtgn UK offices across the country. These were.. Social Mobllity Foundation Amos 8ursarv One Mllllon Mentors Access Accountancy Refuwee8ee The Wallich Workin8 Families LGBT Healthy Livin8 Social Bite Plans for the Future The nexr 12 months will be focused on deepenin8 the impatt wilh our six primary charity panners, making further 8rants where possible, scaling existing programmes and pioneerin8 new and excitin8 projects that could transform the lives of the most underserved in 50cietv. We will a150 Continue to onboard charity relationships tied to each Grant Thornton UK loution acr055 the UK. ensuring local support for organisatioThs working to promote social inclusion and break down barriers to education and employment. THE GRANTTHORNTON FOUNDATION CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Financial review For the year ended 31 March 2026. the Foundation received iotsl donations (including Gift Aid) of £361,917. In addition, bank interest of £2,301 was received. No other inc(*ne was recorded durin8 the period. Grants and payments totalling E196,868 were awarded to charitable causes. The Trustees provided their services voluntarily, and administrative support Wa5 funded by Grant Thornton UK ai no cost to the Fovndètion. The net surplus of inctsrne over expenditure lor the period was £162.4M5. This amount has been added to reserves and will be used to support grant-making activitie5 in the year ending 31 March 2027. Reserves policy The Foundation doe5 not cornrnit to making repeat Bfdnt5 to its charity partner5 and the Tru5tee5 consider that the target for unrestricted re5erve5, after arny designations. should be approximately E20,OCKI, to cover a year's worth of operational costs and the reasonable professional services costs associated with a winding down of the Foundation. This level of reserves has been maintained throughout the period. Structurè, govtrnantt and management The charity is a reElStered charitable incorporated oreanisation in En8land & Wales. The Trustees who served during the year and up to the date of signature of the financial statements were.. N Morrison (Resigned 31 December 20251 K Campbell F Bei8hton K Coates PRao L Drurv J Barnett Recruitment t7ndappointment of Trustees Tru5tee5 of the Foundation serve a three-year term. Appointments to the Trustee Board are rnade and ratified by the Trustee Advi50ry Group ITAGI, which cornprises a number gf partners from Grant Thornton UK. including rnembers of the firm's Strategic Leadership Team. In selecting new Trustees, the TAG considers the skills. knowledge. and experience required for the effective administratlon of the Foundation. Members of TAG also serve as ihe members of the Charitable Incorporated Organisation ICIOI. The Trustees are supported In the adminlstraiive runnln8 01 the Foundatlon by ￿SourCe provlded by Grant Thornton UK. The Trustees, report was approved bythe Board of Trustees. cry L Drury Trustee 0710812026 Date:............................................. THE GRANTTHORNTON FOUNDATION CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE GRANT THORNTON FOUNDATION CIO I report to the Trustees on my examination of the linancial statement5 of The Grant Thornton Foundation CIO (the charity) for the year ended 31 March 2026. Responslbllltles and basls of report As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Oirections 8iven by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250.c¥Jo, Ihe independent examiner must be a member of a body listed In sectlon 145 01 the Charities Act 2011. 1 confirm that l arn qualified to undertake the examination because l am a member ol the Institute ol Chartered Accountants of Scotland. which is one of the listed bodies. Your attention is drawn to the fact that the charity has wepared the financial statements in attordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial staternents in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on l April 2(M)S which is referred to in the extant regulations but has now been withdrawn. l understand thai this has been done in order for the financial statements to provlde a true and fair view in accordance with UK Generally Accepted Accounting Practiee. I have completed my examination. I confirm that no matters have come to my attention in connection wlth the examlnatlon 8ivln8 me cause to believe that in any material respeu.. accounting records were not kept in respect of the charity as required by sertion 130 of the Charities Act 2011. the financial staternents do not accord with those record5.' or the financial statements do not comply with the applicable requirements toncernin8 the form and content of financial statements set out in the Charities IAccounts and Reports) Re8ulations 2(1)8 other than any requirement that the financial staternents give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have ctsme across no other matters in eonnettion with the examination tts which attentitsn should be drawn in this report in order to enable a proper understanding of the financial statement5 to be reached. lamielee Johnston CA For and on beh31f of Mitchell Charle5WOrth (Audit? Limited 3rd Floor 44 Peter Street Manchester M2 5GP Dated.. 0710812026 THE GRANTTHORNTON FOUNDATION CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted fund5 2026 Unre5tricled funds 202S Notes Income from: Donations 361,917 2.301 202,087 535 Investments Totsl In¢ome 364,218 202,622 Empendlture on: 201.773 79,720 Totsl expendlture 201,773 79,720 Net Incoffle and rnovernent In funds 162,445 122,902 R•tonclllatltsn of lunds: Fund balances èt l April 2025 122,902 Fund balances al 31 March 2026 285,347 122,902 The statement of finaniial activities includes all 8ains and losses reco8nised in the year. All income and expenditure derive from continuin8 activities. THE GRANTTHORNTON FOUNDATION CIO BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Notes Current assets Debtor5 Cash at bank and in hand li 3.218 313,048 1,496 125,066 316,266 130,9191 126.562 13.6601 Creditors: amounts falling due within one year 12 Net current assets 285,347 122,902 The funds of the eharlty Unrestricted funds 13 285.347 122.902 285,347 122,902 The charlty is entitled to the exempiion from the audit requirement Contained in section 477 of the Companies Aci 2006, for the year ended 31 March 2026. The financial statements were approved by ihe Trustees on. 0710812026 L Drury Trusie• THE GRANTTHORNTON FOUNDATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policie5 Charity information The Grant Thornton FO￿ndatIOn CIO is a registered charitable incorporated organi5ation in England & Wales. The registered office address is 8 Finsbury Circus. London. EC2M 7AZ 1.1 Basi5 of preparation The financial statements have been prepared in accordance with ihe charity'$ 8o¥ernin8 document, the Charities Act 2011, FRS 102 -The Financial Reporting Standard applicable in the UK and Republic of Ireland- I"FRS 102,1 and the Charities SORP "Accountin8 and Reportln8 by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective l January 20191. The charrty is a Public Benefit Entity as defined by FRS 102. The charity has taken advanta8e of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities IAccount5 and Reports) Regulation5 2QK18 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Re8ulations but which has since been withdrawn. The financial statements are prepared in sterlin8, which is the functional currency ol the charity. Monetary amounts in these financi315tatements are rounded to the nearest £. The financial statements have been preparÈd under the historical cost convention. The principal accounting policie5 adopted are set out below. 1.2 Goln8 concern At the time ol approving the finan