THE G.R.P. CHARITABLE TRUST
STATEMENT OF ACCOUNTS
FOR THE PERIOD 6 OCTOBER 2023 TO S OCTOBER 2024

THE G.A.P. CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
CONTENTS
Page
Trustee's Rewjrt
Independent Examiner's Report
Statement ol Financial Activities
Balance Sheet
Notes lo the Accounts
7- 11

THE G.A.P. CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
Legal and odmlnlstratlve Inform•tlon
Con$titullon
The G.R.P. Charitable Tnjsl is a registered charity governed by a
Settlement Deed dated 18 March 1968.
Charity Number.. 255733
Registered OfficelAddress
tor Appeals
The Administrator
One Bank Street, Canary Wharf, London E14 4SG
Bankers
Union Bancaire Privée IUKI Limited
One Bank Street, Canary Wharf, London E14 4SG
Investment Manager
Canaccord Genuity Wealth Managemgnl
88 Wood Slreel. London EC2V 7QR
Independent Examln&r8
Kreslon Reeves- Samanlha Rouse FCCA DChA
37 Sl Margaret's Street. Canletbury. Kenl CT1 2TU
Trustee
Kleinwort Hambros Trust Company IUKI Limited
Directors.. Rachel Iles and George Ryan
Oblecls of the charlly
The objects ol the charity are to promote arKI support such purp)ses recognised by the law ol England and
Wales as charitable as the Iruslee shall from lime lo limg Se1￿1.
Grant ni8klng pollcy
Donations are decided periodically by Ihe trustee having regard to the wshes ol the Settlor, and unsolicited
appea15 are considered as well as causes vknich have already been supported. Only successful applicants
are notified ol the tnjstee's decision. Certain charities are SUPPDrted lor more than one year, althoLJgh no
commitment 15 usually given lo the recipienls. A range ol general charitable causes is considered. as well as
Jewsh charities. There is no facility loi processing applicalions from in¢Jividuals loi linan¢ial supwrt, and
these cannot be considered.
Appolntment ol trustees and charlty organisatlon
The charity is managed and administered by the Corporate Trustee. SG Kleinwort Harnbros Trust Company
IUKI Limited, which was appointed under the lems ol the Trust Deed. No fund r&sing is undertaken lo
support the work ol the charily.

THE G.A.P. CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
Fln8ncl81 revlew and Investment poll¢y
The accounts cover all the activities ol the charity during the period. Tots71 incoming resources lotalled
£57.086.721£52,981.99 in 20231 none of which were donations received in the lortn of cash. Under the
governing document, there arè no restrictions on the charilws rx)wer to invest. Thè overall investment poli¢y
is to achieve long term capital growth in real terms, whilst providing a yield at least in line with the UK equity
market. No fund raising is undertaken lo supwrt the work ol the charity, but it has the right to accept
donations. The Trust is no longer a going concern, in line vAth the disclosure ol'basis other than going
concern. being applied. A further explanation regarding the basis other than going concern wll be provided
in the accounting policies.
Related partles
The charity does not have a relationship wth any other charity or organisation.
Remuneration ot £23,664.￿(2O23: £23,304.00) including VAT was paKI to SG Kleinwort Hambros Trust
Company IUKI Limited lor ils services as Corporate Trustee.
Revlow ol tho actlvltles and futuro de¥el¢pment$
During the period, the Iruslee made donalions lolalling £454,333.0012023.. £474.333.001. The large81
donation was £384,333.00 lo the Jerusalem Foundation.
The trustee is satisfied with the financial position ol the charity arKI confirms that it has adequate assets
available lo lullil ils obligations. However, as Ihe Charitys activities are ceasing, the accounts have been
prepared on this basis olher than goin9 con￿M.
Ch8rllY$ publlc bwn•llt
The trustee has ensured that all activities throughoul Ihe period have been in the interest ol public benefit.
This is evidenced by the coniribulions made to charities lotalling £454.333.001£474,333.00 in 20231.
Th8 truste8 confirms that Ihay hav8 r8lerred to th8 guKlanc8 contain8d in th8 Charity Commission's ganeral
guidance on public benefit when r￿le￿ing the charily's aims and objectives and in planning lulure activities.
Reserves pollcy and rlsk managemenl
It is the truslee's intention to maintain reselves lo enable it to respond. where considered appropriate. to
appgals lor significant support, the timing ol which is unpr8dictabl8. and to raducè th8 charity's relianc8 on
slock market results.
Th8 Iruslee considers that the main risks the charity laces are fraud or p(K)r investment ￿rtOm1an¢e and
that these are monitored approprialely and ihal adequale syEtems are in pla￿ to mitigate them.

THE G.A.P. CHARITABLE TRUST
TRUSTEE'S REPORT
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
Going Concern
Due to the death ol Ihe Settlor, Mr George Pinlo. the Irustees ol G.R.P. CharilalJe Trusl have decided ro
lerminale the trust in a¢¢ordan¢e with Mr George Pinto's ￿7$h¢S by dislribuling the trust assets lo various
charities. These accounts are therefore prepared on a basis other than going concern.
Trustee's responsibilities in relation to the financial statements
The charity trustee is responsible lor Preparing a trustee's annual report and Financial Staternents in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practicel.
The law applicable lo charities in England and Wales requires th& chartty trustee to prepare Financial
Slalemants for each year which give a Irue and lair view ol the state ol arfairs ol the charity and ol the
incoming resources and application ol resources, ol the charity lor that period. In preparing the financial
statements, the trustee is required to..
sele¢l suitable accounting policies and then aFf)ty them consislenuy.,
observe the melh¢xls and principles in the applicable Charities SORP..
make judgements and eslimales that are reasonable and prudent;
slate whether applicable accounting slandards have been followed. subjecl lo any material departures that
musl be disclosed and explained in the financial stalements.,
prepare the linancial statements on the going ¢on¢ern basis unles8 il is inappropriate lo presume that the
charity wll continue in business.
The trustee is responsible lor keeping proper accountsng records that disclose with reasonable accuracy at
any lime the financial posilion ol the charity and to enable them io ensure Ihat the financial slalemenls
comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations. and the
provisions ol the Trust Deed. The trustee is also responsible tor safeguarding the assets ol the charity and
taklng reasonable steps lor the prevenlion arKI deteciion ol Iraud and and other irregularities.
Digrtalty￿g￿ed
byGeorgeRYAN
DaTo.' 2025.07.04
15.2?.53 +0I'fXY
Oigitalty5ignEd
byStOttPJCE
Date."2025.07.07
1th31Tr.56 +01,
Klelnwort Hambros Trust Company IUKI Llmlted
Date 7 July 2025

THE G.A.P. CHARITABLE TRUST
INDEPENDENT EXAMINER'S REPORT
Independ&nt Examlnor'$ Report to the Trustse$ ol The G.A.P. Charltablg Trust {'the charltv)
I report lo the Charity Trustees on my examination ol the accounts ol the charity lor the year ended 05 October
2024, which are set out on pages 5 10 11.
Responslbllllles and ol Report
As the Trustees ol the Charity you are responsible lor the preparation ol the accounts in accordance wlh th8
requirements ol the Charities Act 2011 Ilhe 2011 Act'l.
I report in respe¢l ol my examination ol the Chariws accounts carried out under section 145 01 the 2011 Act
and in carrying out my examination I have followed the applicable Directions given by the Charity Commision
under section 14515llbl ol the 2011 kn.
Independent Ex8mlner's Ststwnw)t
Your allenlion is dravm lo Ihe lacl that the Charity has p￿pared Ihe a￿ount5 in accordance with
Accounting and Reporting by Chari1ies.' Statement ol Recornmended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Flepublic ol Ireland IFFIS 1021 in preference lo the Accounting and Reporting by Charities.. Statement ol
Fl6commended Practice issued on 1 April 2005 which is referred to in the exlanl regulations bul has been
Ihdrawn.
l unclersland that this has l)een do￿ loi the accounts lo provide a liue and lair view in accordance wth the
G9ngrally Accgplgd Accounling Practice elfective lor rgporting por￿j$ bgginning on or aller 1 January 2019.
I have completed my examination. I conlirm Ihal no matters have come lo my attention in connection ￿th the
exarninalion giving me Cause to beligve Ihal in any material respgcl..
1. Accounting records were not kept in respecl ol the charity as required by section 130 01 the 2011 Act,. or
2. The accounts do not accord wlh those records.. or
3. The accounts do not comply wlh the applicable requirements conceming the form and conlenl ol accounts
sel out in the Charities IA¢¢ounts and Reports) Regulations 2008 other than any roquiremenl that the
accoun15 give a'lrue and lair viewl which is nol a matteT considered as part of an independent examination.
I have no concerns and have come across no other matters in connection wth the examination to which
allenlion should be drawn in this rewrt in order lo enable a proper understanding of the accounts lo be
rea¢h9d.
This reKX)rt is made solely to the charl￿$ Trusiees, as a ly)dy, in accordance wth Part 4 01 the Charities
IAccounts and Reportsl Regulations 21KJ8. My %wJrk has been undertaken so that l rnighl stale lo the charity's
Trustees those matters l am required lo slate lo Ihem in an Independent examiners report and for no other
purrM)se. To th8 lullesl exlenl pèrmitted by law, I do nol accèpt or assumè r8sponsits.lity to anyone oth8r than
the charily and the charity's Truslees as a body, lor my work or lor this report.
Signed..
Daled.. 7 July 2025
Samantha Rouse FCCA DChA
Kreslon Reeves LLP
37 St Margaret's Srreet
Canterbury
Kent
CT12TU

THE G.A.P. CHARITABLE TRUST
STATEMENT OF FINANCIAL AcmvmES
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
2024
Unrestricted
Fund
2023
Unrestricted
Fund
Nole
Incoming Resources
Investrnent Incorne
Gross Donations ReceivedlReceivable
50,723.08
6,363.64
47,409.26
5,572.73
Total Incomlng R•$ource$
57,086.72
52,981.99
Expendlture
Donations lo Charitable In81ilulions
Governancè Costs
454,333.00
29,680.66
474,333 00
29,195.45
Totsl Expendllure
484,013.66
503,528.45
Net Movement ol Re￿￿1¢e3 In the Perlod
1£426,926.941
1£450,546.461
Funds
Al 6 October 2023
Nel Movement ol Resources in the Peri
1.613.605.87
(426,926.941
2,064,152.33
(450,546.461
Al 5 October 2024
£1,186,678.93
£1,613.605.87

THE G.A.P. CHARITABLE TRUST
BALANCE SHEET
AS AT S OCTOBER 2024
Note
2024
2023
Current Assets
Sundry Debtors
Cash at Bank
Investrnents
12,682.84
3,825.66
1,172,390.43
9,384.20
93,156.49
1,513,165.18
1,188.898.93
1,615,705.87
Currenl Uabllltles
Creditors, amounts lalling due
thin one year
2.220.1)0
2,100.00
Net Current Asset$
1,186,678.93
1,613,605.87
A898ts1o$s Current LlabllSlles
£1,186,678.93
£1,613,605 87
Funds
Unrestricted Fund
1,186,678.93
1.613,605 87
£1,186.678.93
£1,613,605 87
The financial statements were approved by the Irustee on 7 July
2025
Signed on behalf ol Kleinwort Ham￿0$ Trust Company IUKI Limtted
D￿arta1￿￿Oed
byGÈtyg¢RYfvtrI
Date.-202S0704
15Jfr.40+91'W'
Drtt.101507V7
I￿1￿0•01￿
Authorised Signatories

THE G.A.P. CHARITABLE TRUST
NOTES TO THE ACcOU￿s
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
1 Accounting Policies
These financial slalements have been prepared in accOrdar￿& wlh the particular accounting ptsli¢ies described
below.
Gen8ral Information
The G.R.P. Charitable Trust is an unI￿r￿￿)ratell registered charty wlh the Charity Commission lor England
and Wales, charity numbgr 255733. Thg registered office lor the Trust is 8 Sl James's Square, London SW1Y
4JU.
Basis ot Preparation
The financial statements have ￿en prepared under thè historical cost Convention. The financial slal8menls
have been prepared in a¢¢ordance with Ihe Stalemenl ol Recommended Pra¢li¢e'. Accounting and Reporting
by Charities preparing their Financial Statemenfs in accordance with the Financial Rewrting Standard
applicabla in the UK and Republic of Ireland IFRS 1021 published on 16 July 2019 and the Charities Act 2011.
The Charity ctsnstitutes a public bènelit entty as dèfined by FRS 102.
Given the intention to ￿nd down the trusl. the accounts have been prepar8d on a basis other than going
ctsncern.
The presentation currency ol these financial slatements is Pounds Sterling. The figures have not been rounded.
88$ls ot Accouniing
Income r￿ognItIOn
All incoming resources are inclLKled in the Slalemenl ol Financial Activities when the charity is legally enlilled lo
Ihe incorne and the amount can be quanlilied wlh rgasonablg accuracy.
Income lax recoverable in relation lo inveslmenl I￿rne is recognise(l al the lime investment income is
receivable.
Donations are recognised when the charity has been nolilied in writing ol both Ihe amount and settlgmgnl dalg.
In the evenl that a donation is Subject to conditions Ihal require a level ol pertormance before the charity is
enlilled lo the funds, the Income is deferred and not recognised until either those conditions are lully m81, or
the lullilment ol those conditions is wholly wlhin the control of Ihe charity and it is probable that those
ctsnditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the granting ol probate when the
administraiorlexecutor lor Ihe estale has communicaied in writing both the amount and settlement date. In th8
event that the gift is in the form ol an asset other than cash or a financial asset traded on a recognised stock
exchange, recognilion is subject to the value ol the gift bwng reliably rreasurable wth a degree ol reasonable
a￿U￿8¢Y and the title to the asset having been transferred lo the ¢haiity.
Interest on funds helcl on deposrt 15 included when receivable arKI the amount can be Measu￿ reliably by the
charity,. this is nomially upon nolilicalion ol the interest paNI or payable by the bank. Dividends are recognised
once the dividend has been declared and nolilution has been received ol Ihe dividend due. This is normally
upon nolili¢alion by our investment manager ol the dividend ￿e1￿ ol the investment portfolio.

THE G.A.P. CHARITABLE TRUST
NOTES TO THE ACcOU￿s
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
Expendilure recognition
Liabilities aro re¢ognised as expgndtlure as S￿)n as ihere is a Iggal or constructive obligation committing the
charity lo that expenditure, il is probable Ihal settlement ￿11 be required and the amount DI the oblioalion can
be rlleasured reliably.
All èxpenditurè is aceounl8d lor on an accru￿$ basis and has bèèn in¢ltKled undèr èxwnsè categoriès that
aggregate all costs lor allocation lo activities. Where costs cannot be directly attributed to particular activities
they have been allocaled on a basis consistent with Ihe use ol thè resources.
Grants payable are charged in the period when the offer is made except in those cases where Ihe offer is
conditional, such grants being recognise(l as expenditure when the conditions attaching are lullilled. Grants
ollered subject to conditions which have not ￿en met at the end ol the reporting period are noted as a
ctsmmilment, but not a¢¢rued as expenditure.
Fund Structure
Income funds are unreslricled funds which are available lor use al the discretion ol the Iruslee in furtherance ol
the general objectives ol the charrty and which have not been deS￿nated lor other purposes.
Capital funds comprisg exp9ndable en(knwmgnls, whefeby IWe is no requirement lo spend the capital unless,
or until, the charity trustee decides lo do so. These lunds are invested to produce unr85tricled income which
can be spent in accordance V￿[th the charitable obpctives.
Investment income, gains and losses are alk¢aled lo the appropriate fund.
Investments
Listed investments are included in the financial slalemenls al mid-markel value al the balance sheet dale.
Unlisted investments are included in the balance shggt al their histori￿1 Cost less any amounts wrillgn off.
Invesimenls include cash held lor invesimeni purposes.
All unlisted investments arg in respect ol assets that arg not aclwely traded and have boen valued al historic
cost less impairrnent.
Investments have been included in current assets as a basis other than going concern has been applied.
Reallsed galn$ and10sge$
All gains and losses are taken lo the Slalemenl ol Financial Activities as they ariso. Realised gains and losses
on investrnents are calculated as the dilference belween sales proceeds and their opening carrying value or
their purchase value il acquired subseguenl lo the first day ol the financial periocl. Unrealised gains and losses
are calculated as the dillerence ￿ts¥een Ihe lair value at the year end ar¥J their carrying value.
Forolgn Currgnclo$
Transactions in foreign currencies are recorded using the Tate ol exchange ruling al the date ol the transaction.
Monetary assets and liabilities denominate(l in foreign ¢urren¢ies are Iranslaled into sterling al the rates ol
exchange ruling al the balance sheet dale. Exchange gains and losses arising on transactions in the year are
recognised in the Siaternent of Financial Activities.

THE G.A.P. CHARITABLE TRUST
NOTES TO THE ACcOU￿s
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
Debtors and Creditors
Those Charity accounts have t*8n prepared on an accruals basis and debtors and creditors have been dealt
with in accordance with SORP IFRS 1021.
Thgse a¢¢ounts inclLJde debtors as delin8d in Charities SORP IFRS1021 B2. The dèbtors arè mèasuréd at thèir
recoverable amounts. No amount is recoverable more Ihan a year after the reporting date, so no adjustment lor
lime value ol money is InclLKled in the accourhts.
These accounts include IC11 creditors.. amounts falling due within one year as defined in Charities SORP
IFRS102110.80. These creditors arise where there is a legal or conslruclive obligation Committing the charity
to expenditure, it is probable that settlement will be required wthin one year and the amount ol the obligation
can be measured reliably, yel no material payment had occurred by the end ol the aecounling period. Th&
Trustees expect lo make all relevant payments in Ihe subsequent financial year.
2 Informatlon regardlng Trustees. Employees and Related Partbes
SG Kleinwort Hambros Trust Company IUKI Limiled reeèived a lee 01 £23,664.001£23,304.00 in
20231 lor ils services as Corporate Trustee and Asset Risk Consullanl. The charity had no
ornployees during the p8riod.
There were no outstanding balances Vlilh related parties al Ihe current or prK)r year end.
No Trust88 expenses were reimbursed during this year or th8 prior year.
3 Govern8nce Cosls:
2024
2023
SG Kleinwort Hambros Trust Company IUKI Limilod Foes
Inveslmgnl Managemgnl Fees
Indep9ndènt Examinerfs F99$
23.6fA.00
3.796.66
2.220.00
23,304.00
3.791.45
2,100.00
£29,680.66
£29,195.45
4 Donatlons to CharStablo Instltutlons
2024
2023
Cambridge Middle East and North African Forum
Jerusalem Foundation
Policy Exchange Lirnited
Simon Marks Jewish Primary School Trust
50.000.00
384,333.00
20,000.00
50,000.00
384,333.00
40,000.00
Total
£454,333.00
£474,333.00

THE G.A.P. CHARITABLE TRUST
NOTES TO THE ACcOU￿s
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
5 Investments at cost: Unlisted
2024
2023
Investment Cost Brought Forward
225,434.21
225,434.21
Cost ol Unlisted Investments
£225.434.21
r225.434.21
UK Investments
Non-UK Investments
55,184.21
170,250.00
55,184.21
170,250.00
Total Unllsted In￿SIM￿lS
£225.434,21
t225,434.21
Total In￿stMentS
Cash on Call Accounl
225,434.21
946,9S6.22
225.434.21
1.287.730.97
£1,172,390.43
£1,513.165.18
All unlisted investments are in respect ol assets that are not actively traded and havè beèn valuad
al historic Cost less impairmenl in line ￿￿th the accounting policy.
Inve$tmont$ comprl$lng greater than 5% of Porttolk•
2024
2023
Weeding Technologies Limited
TVD Group Limited
24.48
75.52
24.48
75.52
6 Invostmont Incomg
2024
2023
Gross Interest
50.723.08
47,409.26
£50.723.08
£47,409.26
7 Debtors
2024
2023
Donation in transit
Tax repayment due hom HM Revenue & Customs
3,500.
9,182.84
3.065.00
6,319.20
£12,682.84
£9,384.20
10-

THE G.A.P. CHARITABLE TRUST
NOTES TO THE ACcOU￿s
FOR THE PERIOD 6 OCTOBER 2023 TO 5 OCTOBER 2024
8 Creditors, amounts falling due within year
2024
2023
Independent Examinerfs Fees
2,220.
2,100.00
£2.220.CHJ
£2,100.00
9 Unrgstrlcted Funds Summary
2024
2023
Balance Brought Fonvard
1,613.605.87
2.064.152.33
Income
Expenses
S7,086.72
1484,013.661
52.981.99
1503,S28.451
Carrl8d Fonvard
£1,186.678.93
£1.613,605.87