THE G.R.P. CHARITABLE TRUST STATEMENT OF ACCOUNTS FOR THE PERIOD 6 OCTOBER 2D24 TO S OCTOBER 2025
THE G.R.P. CHARITABLE TRUST REPORT AND FINANCIAL STATEMENTS CONTENTS Pa Trustee'5 ReFL)rt Independonl Examinerf8 RepDrt Stotement of Financial hLtNitie Balance She•t Notes to thg Accounts 7-11
THE G.R.P. CHARITABLE TRUST TRUSTEE'S REPORT FOR THE PERIOD 6 OCT08ER 2024 TO S OCTOBER 2025 Legal and admlnistratlve Infomiatlon Con¥tltullon The G.R.P. Charitable Trust is a register8d charity govemed by Sèttlement De8d daied 18 March 1968. Charity Numb8r.' 255733 Registered OfficelAddr•ss for Appeals The Administrator The Scalpel, 18th Fknr, 52 Limè Street, LonLlon EC3NI 7AF Bankors Unk)n Banc8ir8 Privée IUKI Limited One Bank Slroet, Canary Wharf, London E14 4SG Investment Manag•r Canaccord Genuity Wealth Management 88 Wood Stwt, Lon¢Jon EC2V 7QR Indèpendent Examiners Kreslon Reeves- Samantha Rouse FCCA DChA Suite 2, Orchard House, Orchard Street. Canterbury. Kgnt CT2 8AR Trust•• JTC Trust and Fiduciary S8rvic6s IUKI Limited Directors: Rachel Iles and George Ryan On 31 March 2025 thg legal name of the corporate trustee Changgd from SG Kleinwort Hambros Trust Company IUKI Limitad to Kloinwort H4rnbros Trust Company IUKI Limited. On 3 Nov8mb8r 2025 th& Iggal name and ragislefèd address of the corporata trustè8 changgd from Kleinwort Hambros Trust Company IUKI Limited of One Bank Stre8t, C8nary Wharf, London E14 4SG to JTC Trust and FidurAary Services IUKI mited of The Scalpel. 18th Floor, 52 Lime SlreeL LorHlon EC3M 7AF. ObJgct¥ of the charty The objects of the charity are to promote and support such purposes recognis&J by the law of England and Wales 88 charitable as the trustee shall from time to time s819Ct. Grant maklng poll¢y Donations 8r8 det?d&d periodically by the trusteè having regard to the wshes of the Settlor. and UnsdIlerf appeals are considered as well a8 Causes whieh have already been supported. Only successful applicants are notified of the trustee's ¢Ygcision. Gertain charTti'es are 5UPP)rted for more than one year, although no commitment is usually givon to th8 rgcipignts. A range of general charitable causes is considered, as w811 as Jewish CharItS. Thara is no facility for processing applications fiom individuals for financial support. and these cannot be con$idewd. Appolntment of trustg9s and charlty organlsatlon The charity is man8ged and ainiStered by the Corporate Trustee, JTC Trust and Fiduciary Services (UK Limited. which was appoint8d under the term5 of the Trust Deed. No fund raising is undertaken lo support the work of the charity.
THE G.R.P. CHARITABLE TRUST TRUSTEEE REPORT FOR THE PERIOD 6 OCTOBER 2024 TO S OCTOBER 2025 Fina101 r•vi•w #nd inv•stm•nt polley The 8¢count$ cover all the activities of the charity during the r*riod. Total incomlng resources totslled £37.031.521£57,086.72 in 20241 none of which were donallons recgfvg¢J In the form of cash. Under tha governing document, there arg no restrictions on tha charily's power to invest. The ovefall investment policy 1$ to achieve long terni capital growth in real terms, sthilst providing a yièld at lèast in linè with thè UK equity market. No fund raising is undertaken 10 8UPPOrt the work of thè charity. but il has the right to accept donations. The Trust 15 no longèr a going concern, in line with the disdosure of 'basis other than going conc8rn' boing applied. A further explanalion regarding the basis olher than going concem wll bg provtded in the accounting Folicies. Related parties The charity does not have a relafjon$hip with ony other charity or organisation. R8mun8ralion of£26,640.0012024.' £23.664.001 includirvJ VAT was paid to JTC Trust and FHluciary Services IUKI Limitsd for its NCeS as Corporate Trustee. Revl•w of the activltlos and fur• dovolopm•nts During the period, th8 tru8to8 made ¢Jonatlons totalling £539.334.0012024.' £454.333.001. The largest donotion was £384,334.00 lo the Jerusalem Foundation. Th8 trustae is satisfied wlh the financial position of the charity and confirms that it has adequate assets Bvailable to fulfil rts obligations. However, as the charivs acti11 aro ceasing. thg accounts have been prepared this basi8 Other ihan going concom. Charity's publlc benefSt The trustee has ensured that all 8Ctivitie8 throughout thè pariod have been in the interest of public benefit. This is evKlenced by thè contribub'ons made to charities tolalling £539,334.001£454,333.00 in 20241. The Iruslee confimis that they have referred to the guidance contained in the ChaTlty Commi55ion's general guidance on public benefit when reviewng the charitys aims and obj9ctives 8nd in planning fvtur8 activiti8S. Re•erves policy and risk mana9em•nt 11 is the Iruslee's intention lo mgint8in reserves to enable it lo respond. where considered appropriate, to app&als for slgnffi¢ant support. the timing of which 13 unprediclable, and lo reduce the ¢barity's reli8n¢e on stock market results. The trustee considers that the main risks th8 charity fac&s are fraud or poor investment performance and that these are monitored appropriately and that adequate systems are in place to mitigate th8ni.
THE G.R.P. CHARITA8LE TRUST TRUSTEE'S REPORT FOR THE PERIOD 6 OCTOBER 2024 TO S OCTOBER 2025 Going Con¢•rn Due lo ihe death of thè Settltsr, Mr George Pinto, the trustees of G.R.P. Charitable Trust have decmled to terniinale the trust in accordance wth Mr Georga Pinta'5 wishès by distributing th8 trust assets lo various charities. These accounts are therefore prepared on a basis other than going concefn. Trustoo's respon8lbllltl•s In rnlatlon to th• financial statemgnts The charity Iruslee is responsible for pParing a trustee's Annual rèport and Fin8nci81 Statements in accor{18n with applicable law and United Kingdom AcLountsng Standards (United Kingdom Generally A¢¢epted Accounting Praclicel. The law applica& to charities in England 3nd W8les requires the charity tru8lee to prepare Financial statements for each y8ar which gnia a true and fair view of the st8te of affairs of the charity and of the incoming resources and application ol resources. of the charity fcr thAt pèriod. In proparing the fi'nancial ststemgnts, the trustee is required lo.. select suitable accounting policles and then apply them ¢onsislenUy, observ8 th• mathods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent.. stat6 vthether applicable accounting standards have been lolloMd. subi8Ct to any material dep8rtur85 that must bè discloséd and 8xplain8d in the financial statements., prepare the financial st8t8mÈnts on the going concem basis Unl il Is Inappropriate to presume Ihat the charity will ccffltinue in buslness. The Iruslee is rasponsibla for k88ping proper accDunting rgcords that disdose with reasonable accuracy at any lime the financial position of the charity and to ènable thèm to 8n$ure that thg financial stslements ¢omply with the Charities Act 2011, the applicable Charities IAccounls and Roportsl Regulations. an¢J the provisi(x)s of the Trust Deed. The trustee is aL80 responsible for safeguarding the assets of thè charity and tsking reosongble slep$ for th& prevention and detsction of fraud and and other irregularities. Digitally signed by.. Scott RICE Date.. 2026.06. 25 14..01..20 Z George Ryan 2026.06.25 16'.04.'52 Z JTC Trust and Fiduclary S•rvlces (UK) Llmltsd Date ISE
THE G.R.P. CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT Ind•pnd•nt ExamIne$ Report to the Trustees of The G.R.P. Charltable Trust Ilhe charli I report to the Charity Trustees on my examinatson of the accounts of th& charity for thè year ende<J 05 Octobèr 2025, 1¢h arè a•t out on p89ès 5 to 11. Rosponslbllltle¥ and Basis of Roport As the Trustees of the Charity you are responsib for thè pr8P0ration of the accounts in accordance with the reqU1MentS of the Charities Act 2011 {Ihe 2011 Acl'l. I report in respect of my ex8mln8tfon of the Charity's accounts carrfed out under section 145 of the 2011 Act 8nd in carrying out my examination I have followed the applicable Directions given by the Charity C(xnmi8ion under section 14515llb) of the 2011 Acl. Independent Examlnerfs Statement Your attention is drawn to th& fact that thè Charty has pr8parÉd the accounts in accordanc& wth Aeeounling 8nd 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 IFRS 1021 in preference lo the Accounting and Reporting by Ch3rities= Statsment of Recommended Pr8ctiC8 i8suad on 1 April 2005 bthich is referr io in the extant regulations but has been vthdravm. l understand that this h8s b&&n dong frjr thg oexounts to provide a tru8 and fair view in accordance with th8 Ggngrolly Accaptsd Accounting PractirE effective lor reF4Jrting periods be9inning on after 1 January 2019. I have completed my ex8minBtion. I confirm that m mattars havè coma to my att8ntion in conn8ction vrith the gxaminBtion giving me cause to believe that in any material respect.. 1. Accounbng records b%tre not kepl In respect of the charity as required by section 130 of the 2011 Act,. or 2. The 8¢wunts do not accord with those r8cords; or 3. The accounts ¢* not comply with the applicabb requirements conceming the forrn and contsnt of a¢Unts sel out in the Ch8rities (Accounts and Rèports) Règulations 2008 other than any raquirem8nt thBt the accounts giv8 a 'true and lair view which is not a matter considered as part of an independent examination. I have no concems and hav& come across no othef matters in ¢onne¢tion with th6 gxamination to which attention should b& drawn in this report in order to enable a prcyer understanding of the accounts to be ached. Thi5 report is made $018ly to th8 charity's Trust8es, as a body. in accordance with Part 4 of the Charlties (Accounts ond Reports) Regulations 28. My work has been undertaken so that I might state to the charity8 Trustees those malters l am required lo slate to them in an Independent examin8¢8 report and for no other purpose. To the fullest exlenl permitte(I by law. I do not 8ccept or assume responslbillty to anyone other than the charity and the charty's Trustees as a body. for my work or lor this report. Signed.. A 7n IT6 Dated.. 25 June 2026 Spmantha ROU FCCA DChA Kr8Ston Reèves LLP Suite 2. Orchard House Orchard Street Canterbury Kent CT2 8AR
THE G.R.P. CHARITABLE TRUST STATEMENT OF FINANCIAL AcnviTIES FOR THE PERIOD 6 OCTOBER 2024 TO S OCTOBER 2025 2025 Unrg¥trictsd Fund 2024 Unr•8trlct•d Fund Noto Incomlng Ro8our¢e• Investment Income Gross Dwalions ReceivedlReceivable 30.369.70 6.681.82 50,723.08 6,363.64 Total Incomlng Re8our¢es 37.051.52 57,086.72 Expènditure Donations to Charitable Institutions Governan Costs 539.334.00 32,706.23 454,333.00 29.680.66 Total ExpendStur• 572,IMO.23 484.013.68 N•t M¢Mmènt of ROurceS In the Perfod 1£534.988.711 (£426.926.941 Fund• At 6 Odober 2024 Net Movement of Resources in ihe Period 1,186.678.93 (534,988.71 1,613,605.87 (426,926.941 At 5 Octob8r 2025 £651.690.22 £1.186,678.93
THE G.R.P. CHARITABLE TRUST BALANCE SHEET AS AT 5 OCTOBER 2025 Note 2025 2024 Current ABset• Sundry Debtors Cash al Bank Investments 65,864.66 $6.166.29 531,939.27 12.682.84 3.825.66 1.172.390.43 653,970.22 1,188,898.93 Curr1 LSabillties Creditors. arThJunts falling d thin one ar 2.280.00 2,220.00 Nèt Currnnt Assets 651.690.22 1.186.678.93 A8••t$ h$$ Current Llabllltl•8 £651,690.22 £1.186.678.93 Funds Unrestriciad Fund 651,690.22 1,186,678.93 £651,690.22 £1,186,678.93 The fin8n(ial stAtsm8nts were approved by the trustee on IS klA 2026 Signed on bèhaifof JTC Trust and Fiduciary Services (UK) Linyled DltallY signÈd by.. Scoll RICE Dale.. 2026.06. 25 14'.01.'44 Z George Ryan 2026.06.25 16..05..35 Z Aulhorised SvJnatories
THE G.R.P. CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD 6 OCTOBER 2024 TO S OCTOBER 2025 1 Accounting Pollcles These financial statsments havo begn prepared in accxirdance with the parti¢ulor accounting polic188 described below. General Inforniatlon The G.R.P. Charitable Trust Is an unincorporated registerod charity with the Charity Commission for England and Wale5, charity number 255733. The registered office for the Twst is The Scalpel. 18th Floor, 52 "ft Slregl, LonLlon EC3M TAF Basis of Preparatlon The financial slalements have bean prepared under the historical cost convention. The financial stBtem8nts have been prepared in accordance wth the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their Financial Slalernenls in accordance wilh tho Financial Repon9 StsrHJard applicable in the UK and Republic of IrèlarKI IFRS 1021 published on 16 July 2019 and the Chariti&s Ad 2011. The charity con8tilule8 a public benefit entity as defined by FRS 102. Given the inlenlton to wind down the twsl, the accounts have been Prepared on a basis other than going concèrn. The presentation currgncy of thgse financial 8ts1em8nts is Pounds Sterling. The figur&8 hBve not been unded. Basls ol Accountrng - Incorne recognltlon All incoming rasources are inclut1ed in th8 Stslem8nl of Financial Activides when tho charity is 18galty entitled to th8 income and the Bmount can qu8ntrfi8d with rèasonable accuracy. Income tsx ro¥erable in relation to invgStm8nt Income is r8cogni8ed al thè time investment income Is rg¢¢tvable. Donations are recognised when the charity has been notified in writing of both the amount and Sattment data. In the event that a donation is subjecl to corKlikn'on$ that requir8 a 18vd of performance before the charily 18 8ntit18d to the funds, the income is deferred and not rocggnised unlil either those conditions are fully met, or the fulfilmant of those conditions is wholly wlhin the control of the charity and il is probable that those condrtions 11 be fulfilled in the reporting period. Legacy grfts are recognised on 3 c8se by case basis following the grantin9 of probate the admini8tralorlexecutor for the estate has communic8te(l in writing both the arnounl and settlement date. In th8 event Ihal th8 grft is in the form of an asset other th8n cash or a financial 888et traded on a recognised stock 8xchange. recognition is Subject lo the value ol the gift being reliably measurable 1th a degree of reasonable accuracy and tha title lo the asset having bèen transferred to the charty. Inl8resl on funds held on deposit Is Included when receivable and the amount can be measured reliably by the charity,. this is nomially upon notification of tho int•rest paid or payable by the bank. Dividends are reco9nisod once th8 divKJend has been declared and notification has been received of the dividend due. This is normally upon notilicalion by our investment managèr of th& divid&nd yield of the investment porttolio.
THE G.R.P. CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD 8 OCTOBER 2024 TO 5 OCTOBER 2025 - Expenditure recognition Liakx'litiès ar8 r8CO9nised as expendiluTe as soon a8 thor8 18 a lègal Ix ¢onstruetive obligation committing the charily lo that expenditure, it is probablè that s8tt18ment will be required and the amount of the obligation Can be measured reliably. All eXndItUre 15 a¢counted for on an accruals basis and has been irKlwJed under expens8 categories that a99gate all costs for allocation to 8Ctivttl8s. Whem costs cannot be directly altribuled lo particular tltIeS they have been allocated on a basis consistent wth the use of the resources. Grants payable are charged in the period when the offer is made excepl in those cases where the offer is condib'onal. such grants being re¢ognls&d as expenditur8 vthen the conditions attaching are fulfilled. Grants off8red Sub¢1 to Conditions which have not bean met al the end of the reporting period ara notad as a mmitmanl. but Th)t accrued as expenditurg. Fund Structure Income funds are unre51ricled fund8 which are 8vailable for use ot the discretion of the trustee in furlherance of the general objectives of the charity and which have not been designated for other purposes. Catmtal funds comprise expendable endowm8nls. wh&reby there is no requirgmgnt to spend the capital unle88, or until. the charity trustèe dècides to (Jo So. These funds are invested lo prudU unregtriclgd Incorng vthich can be 8peril in accordance wilh tho Gharilable objectives. Investmenl income, gains and I$8$ are allo¢atsd to tha appropriate fund. Invo$tments Listed investNt$ ar8 included in the financial slatemenls al mid-markel value al th8 balance sheet date. Unlisted invèstmènts are included in the balarKe sheet at Ihoir historic81 cost less any amounts written off. Investments include cash held for investmont purposes. All unlisted inv85lments are in r88ppd of assets that are not actNely traded and have boen v81u8d * historic cost le85 impairrnent. Inv881m&nts hav8 ts@ included in current assets as a ba818 Other than going conc8m has been applied. Reali•ed gain* and loss•s All gains and Ioss8s are taken lo the statet of Financial Acts'vities as they arise. Realis8d gains and losses on investments are calculated as tho differonce between sales prOed$ and Iheir opening carrying value or th8ir purchase value if acquired subsequent to the first day of the financial period. Unrealised gBins and 108se are calculated 85 the differ8nce been the fair value at the year er 8nd their carwng v8luo. Forelgn Currencie8 Tran88clion8 in foreign Currencies are recorded using the ratè of exchange ruling 81 the dat8 of th8 tr8n8action. Monetary assets and li8bilities denominated in foreign currencies are Iranslal8d into stgrfln9 at ihe ratès of exchange ruling at the balance sheèt dalè. Exchange gains and 108s8s arising on transactKJns in the year are rewnised in the Statement of Financial Acliviti&s.
THE G.R.P. CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOO 6 OCT08ER 2024 TO S OCTOBER 2025 D•btor$ and Croditor• These Charity accounts have been prepared on an 8ccruals basis and debtors arKI creditors have been dealt wllh in )rd8[1 wiilh SORP IFRS 102). Th868 acco¢Jnts include det)tors as ¢Yelined in Ch8Tibes SORP IFRS1021 B2. The debtors are measured at their rgCOVgrable amounts. No amount is recovera& mre ihan o year after tho reporting dale, 80 no adjustment for time valug of money is included in the accounts. Thes8 accounts include IC1} creditors.. amount$ falling (Jue within one year as d8fined in Charities SORP IFRS102110.80. These creditors arise where the is a 18gal or constructive oblig8tion committing the charity to expendrture. rt is probable that settlement will be wuired within onè year and the amount of the obligation can be measured reliably, yet no material p8ym8nt had (K<xJrred by the end of the accounting peric*J. Th8 Trustee8 expect lo make all relevant payments in the subsequent financial year. 2 Information regardlng Trust••s, Employ••s and Rglated Partlfj• Kleinwort Hambros Trust Company IUKI Limited e&Ved a faè of £26.640.W1£23,664.LX) in 20241 for its seNi¢eg as Corporate Trustee and Asset Risk Consultant. charrty had IK) employees during the perfod. Thara were no out8tanding balances with related parti8s al the current or prior yo8r end. No Tru81ee expenses were reimbursed during this year or the prior ye8r. 3 G0ManCe Costss: 2025 2024 Kleinwort Hambros Trust Company IUKI Limtiod Fo9¥ Investment Managem8nt Faés Independent Examinerfs Fees 26,640.00 3,786.23 2.280.00 23,664.00 3,796.66 2,220.00 £32,706.23 £29,680.66 4 Donatlons to Charitable Institution 2025 2024 A M Charitable Trust Cambridge Mi¢Jdle E881 and North African Forum Jorusolem Foundation Policy Exchango Limited W8St London Synagogue 30,000.110 50,0(YJ.00 384,333.00 20.LKJO.00 384.334.00 25.000.00 100.000.00 Total £539.334.00 £454,333.00
THE G.R.P. CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD 6 OCTOBER 2024 TO 5 OCTOBER 2025 5 Inve•tments at ¢ost: UnllBted 2025 2024 Investmanl Cost Brought Forward 225.434.21 225,434.21 CoBt of Unll8t•d Inv•8tmonts £225.434.21 £225,434.21 UK Investments Non-UK Investments 55.184.21 170,250.00 55,184.21 170,250.00 Total Unlist•d 1n•t•nts £225,43&21 £225,434.21 Totsl Inv•stm•nt• Gash on Call Account 225,434.21 306,505.06 225A34.21 946,956.22 £531,939.27 £1,172.390.43 All unlisted invegtsnenls afe in wpgQt of assels that are rKJt actsvely traded and have an vald at hSstorS¢ t less impairment in line wlh thg 8ccounting policy. Inve8tm•nts mPrIng greater than 5% ofthe Portfolio 2025 2024 We8t1irKJ Tachnr*ie$ Limited TVD Group Limitod 24.48 75.52 24.48 75.52 O InveJtmvnt Inrom• 2025 2024 Gros8 Inte8t 30,369.70 50,723.08 £30,369.70 £50,723.08 7 Dobtors 2025 2024 Donation in Iransil Tax repayment due from HM Revenue & Cuslcffls Transfgr Funds in transit 3,675.00 12,189.66 50,000.00 3,500.00 9,182.84 £65,864.66 £12.682.84 10-
THE G.R.P. CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE PERIOD 6 OCTOBER 2024 TO S OCTOBER 2025 Credltor8. amounts falling du• wlthln on• ar 2025 2024 Indepèndent Examinerfs Fees 2,280.00 2,220.00 £2,280.00 £2.220.00 9 Unre$trl¢t•d Fund$ Summary 2025 2024 Balance Brought Forward 1.186,678.93 1,613,605.87 Incom8 Expenses 37,051.52 (572.040.231 57.086.72 <484.013.661 Carrled Forward £651,690.22 £1.186,678.93