Charfty rogl$tratlon number 268131
Company reglstration numb•r 01179826 {England and Wal•$}
GREYGARTH ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

GREYGARTH ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustèes
X Bosch
A Ta￿or
J Valero
AJ Walk6r
Secretsry
P Hatchman
Charlty number
268131
Company numb•r
01179826
Reglstered offl¢•
1 Lower Par* Road
Mar￿h8ste[
M145RS
Auditor
DJH Mitten Clathe Audit Limited
Bfbdge House
Ashley Road
Hale
Altrincham
WA14 2UT

GREYGARTH ASSOCIATION
CONTENTS
Pag•
Truste&s' report
Slatemenl of trustees. responslbllibes
IndeperKlenl aud((orfs report
statement of finanrAal actiwlies
Balance sheet
Notes to the financial slalerr*nts
10-18

GREYGARTH ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The Iruslees present their annual report and financial slalements for the year ended 30 September 2023.
The finanual slalemenls have been prepared in 8ccordance wilh the accounting policies set out in note 1 to the
financial slatemgnts and (x)mply with th8 charitys wverning document. th8 Companies Act 2006 and Accounting
and Reporting by Charities.. Statement of Recommended Praciice applicable to charities P￿pa￿ng their accounts in
accordance wth the Financial Repming Standard apFAicable in the UK and RepuNi¢ of Ireland IFRS 1021.
leffecllv8 1 January 20191.
Oblèetivos and actlvltlè$
Greygarth Association is an educational ch8rrty. Its princip81 objects are the advan￿Ment of edLJcation and leaming
in accordance with Christian prinGiples and ￿￿a]s. The a¢livities of thè Association are carried out primarily through
Greygarth Hall. an int8rcollegiat8 hall of iesldence based in Man(*)ester.
Th8 trustees have paid due regard lo guidan￿ issued by the Charity Commission in deciding whal activities the
charity should un(J?rtake.
The DlreGIDrs regularly review the objects and adiwties of the Charity, lo ensure that the two remain ¢losely linked.
FollowNJ the guidance from the Charity Commission regarding Public Benefit. the Dirèctors are of the opinion that
thèy have complied with the duly in section 4 of the Charille$ Act 2006 to have due regar(1 lo publlc ben9fit guidancè
published by the Charily Commission.
Greygarth Hall first opened in 1962 and offers sludenl accommodation for students. 11 is th8 main centre of activity
ol the Charily, continuing the work stsrtgd in 1959 in 8 much smaller site in Didsbury. In 2010 thg cenlre in Didsbury
was ￿l0¢ated lo Victoria Park.
Thè facAlilie5 al G￿yg3rth Hall 8re available to residents and non-residents alike, and non*f8siderbts are ericourdged
lo partscApalg in Ihe different activities organised in or by thè Hall. In this way, the Hall has a much wider outreach
than its relativ8ly small a¢¢ommodalion capacity woukl suggesL IrKfegd, Greygarth Hall ha$ always seen its mission
as provlding a seNl¢è not onty to its residents but also to the whole university and local community. The Hall 1$
thèrefore more Ihan just a provider of accomnKxl8tion. 11 tn.es to help many. not just rosid8nts. in many ways. not
just provision of accommodation. The Hall wants to offer 8n environment where re4dents arKI friends can flourish as
individuals, for their benefit and the benefit of others.
It 1$ fair io say that, especially since its refurbishment in 2011. the Hall provides excellenl accommodalSon faiililies:
most ol the rooms are en-suite. and the kitchen staff show Iheir professionalism by offering a well-cwked, varied
menu - which is invariably commente(I favourably uw) by new students and visitors alike - premise5 which are
cleaned daily. elc.
We are proud of the fact that the Hall offers excellent study facilities (we have thrèe libraries), a chap81. a music
room and meeting r￿M5. All of these things help as evidence that Greygarth is.more fhan sludenl accommodation"
as our marketing liler8ture wnls out.
In retum. the residents are expectetl lo show resptrct and consideration for the people with whom Ihey live, abidg by
the slandards of tha Hall, and contribulG to maintaining it in W ord&r.
These f8cililies are used not just by IhoKr residents bul their friends an¢J colleagtjes, and not only Christian
sludenis but any student regardless of his beliels. Thk8 is reflected in the make-up of the Hall's residents and is very
much in line with the Christian principles upon whTrch the elhos of the Charity is founded.
The Charity, though strit￿Y non4enominatTronal. tskes its valuos and mission from Ihe Christian messag8. From its
n¢eption, the Hall's main aiwn has been to prwde a fiist-dass university educational expetien¢e whi¢h should
include good pastoral support The Hall is one of the last remaining halls with a resldenl èxècutive warden. holding
managerial 8s well as pastoral r8sponsitNlilies. This en8bles the Hall lo preserve its éislindive ethos and offer a
unique atmosphère where academic work. family life aJKI community activity are deeply rooled in ils day-lo-day life.
The resident warden is assisted by a deputy warden and a se¢r8lary. For Ihos8 WFK) wsh lo avail themselves of it,
Ihg Hall also offers Ihe services of a re$￿ent Catholic Chaplain.

GREYGARTH ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Achl•vemènts and perfomMnc•
As in previous years. the Hall has been enriched by a good variety of poslgradLJate and graduate students as w911
as a good mix af home and foreign students. An induction day 81 Thomycroft Hall at the start of the year provided
the residents wilh the opwrtunity to gel lo know 8ach other. sel the tone for the year and kick-slart various resident-
led activities through varltws sessions focusing on wh#t woukl lik8 frown us. and ways in which they
thought Ih8y could ¢ontrfbute to the stKial and ￿ltural offer.
Our pers￿al development programm8 induded Icojyng on Stud￿8. ￿lture. sports. solldarity and a m8nlorlng
programme in which every resident was assigned an in-h¢)use mentor to meet with weekly. This programme was
mostly coordinated by our social manager, wth the help of Iwo residents. Regarding cultural 8clivilies, we continued
our Mond8y guest speaker tradition, with speakers such as Javier Garcla OINa (Dean of the School of Law at the
University of Mancheslerl.. Edu Mauri (doctor al Manchesler City) oi Prof Mark Fox (Professtx of Physics al the
University of Sheffield) among others. With a certabn regularity. a re&dBnt would present on a topic of his own
personal or professional interest. which included short p￿sentationS on economics, sports. their countries. culture,
et. Monthly interviews an(1 debates were popular amoThJ residents.
Two successfvjl aCtivi￿e5 were a philosophy group and a reading group. In Ihe first, 8 grJJp of residents mel
monthly lo dlscuss an introduction to a philosophy l)ook. In the second another group also met monthly lo discuss
osen books including a book about the While Rose MovemenL a group of students in Germany during tho
S8cond World War who resisted Nazism. and thèn Viklor Frankl's Man's Sèarch for Meaning. and C. S. Lewis. The
Al￿11110￿ ol Alan. This led to lively discusslon about evil. morality and other important issues.
A5 in previou5 years, football dominated Ihe sports scene. vrith weekly matches b￿ng org8nized by the residents.
For the second year running, a fijndra1slr￿ footb811 loumamenl was organized involving over 60 unNersity sludonts
and young professionals, the proceedings of which were sent to various s¢)clal projects.
Solidarwty activities continued with visitlng th8 homele55 in Manchester évery fortnwJht. with 10-15 residents splittlng
into groups lo tske hot drinks to the homeless arbd spend some lime wilh them.
Other acliwties that seek lo promote friendship among residents, and croate opportunilles for soGialising include
slart and end of year dlnners. Chrislm8s paty. birthday celebrations. et
Splritual actiwties al Grgygarth Hall are enlrusled ￿ Opus Del, 8 personal Pr8lalure of th¢ Catholic Church. Mass is
celebrated dally in the chapel. A weeken¢J ret￿al for students was held al Thornycroft Hall, noar Macclesfield,
Cheshire.
Flnan¢lal revlew
The Charity a(*ieved a sur￿u$ on income for thè y8ar of £80.808 {2022 - £61.%9) whlth was Iransf8rred lo the
Accumulated Fund brought forward of £3,147,256.
11 is the policy of the charity thal unrestrtcted funds which have nol been d&signaled for a specific use should be
maintained al 8 18vel equivalenl lo between three and nM)nlh's expendilure. Thé truslees Consider that resgrves
al this level wlll ensure that. in the event of a significant drop in funding. they will be able lo continue the charity's
Current activities while ¢onstderalion Is given lo ways in wh￿h additional fun(ls may be raised. This level of reserves
has beèn maintained throughtxrt the year.
The Dir8Ctors r8gulady review the risk to which th8 Charity 1$ exposed, operational and financial, and how this
should affect its reseryes policy. They believe they have procedures In place lo manage and reduce rfsks..
lo human life an(J welfare by the adoption of health & safety poliues and training.,
to young or vulnerable people by havin9 in place Suitab￿ policies and procedures,.
to irbcoming resources from fee income by suiiable insurance..
lo operational and invest tangible assets by appropriate Maintenan￿ and Insuranco:
ID charity resources by appropriale contrd procedures.
Thus, Ihe Directors believe they are addressing Ihe main risks lo the continuation of Greygarth Association 8nd ils
activities and taking measures consistent with the nature of thè Charity and its rèsources.

GREYGARTH ASSOCIATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
structure, gov•rnance and rnanagoment
The charity is a company limited by guarantee without share (*pilal. It is 9ovemed by ils article5 of association.
ThB trustees. who ar8 also the directors for the purpose of company law. and who served during the year and up to
the dale of signature of the financial stslemenls were:
X Bosch
A Taylor
J Valero
AJ Walker
Trustees are apwinted from arTh)ng the f(￿Mer residents and volunteers of Greyg8rth and a￿ appointed by the
other INslees. Trustees are 8PPLXnted fw indefinite peri(yJs, though. in accordants with th8 articl8s th8y can be
removed by ordlnary resdution of members. or at the Tequesl of 213 of trustees.
None of the trustees has 8ny beneficial interest In lh8 company. All of the trustees are memb8rs of the company and
guarantee lo Contr￿ule £1 in the event of a winding up.
The company's eurrènt pdicy conceming the payment of trade c￿rtoIS 1$ to folk)w the CBI'S Prompt Payers Code
(copies are available from the CBI, Centre Point. 103 New Oxford Strè8t, London WC1A 1DUI.
Th8 companvs current policy concerning the payment of trade ￿edItorS is lo:
settle the temis of paymènt with suppliers when agreeing the temis of each transaction-
ensure that suppliers are made aware of the lemis ol payment by inclusion of the relevant terms in contracts:
and
pay in accoréance wilh the compan*s contraclual arKI other legal obligations.
Trade creditors of Ihe c(*npany al the year end was £5.592.
No changes w8r8 made lo th8 management committee.. Dr Andy Taylor and Mr Patriryo S&rra, remained as warden
deputy warden of Greygarth Hall respecttvety. Fr Joseph Evans remained as ch8plaln until mid September
when he was replaced by FrAfvaro Tinl(xe.
Auditor
In accordance with the cOmpan￿S artides. a resolution proposrng that DJH Mitten Clarke Audit Limil8d be
reapp(Hnled as auditor of the company wll be put at a General Meeting.
Dlsclosure of Information to auditor
Each of the truslees has confirmed that there is no information of which they are aware which is relevant lo Ihg
8udil, bul of which the auditor is unaware. They have fvrlher confirmed that Ihey have taken appropriate steps lo
identify such relevant infomialion and to establish Ihat Ihe auditor is aware of such information.
The Iruslegs, r8rKJrt was approved by the Board of Truslees.
ch
Trustfrg
Dale: ...-...16.4.2024.

GREYGARTH ASSOCIATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees. who are also the directors of Greygarth A$S￿lat￿)n for the purpose of ¢ompany law. are responsible
for preparing the Trustees. Report and th8 financial statements in accordance with applicable law and United
Kingdom Accountlng Standards (United Kingdom Gen8rally Accepted Accounting Practice).
Company Law requires the trustees lo prepare finanaal ststemenls for each financial year which give a trufy and fair
view of the stale of affairs of the tharity and of the incomirwJ resources and application of ￿SoUrces, induding the
income and expendilure, of the ¢haritable tA)mpany for that year.
In preparing these finanual slalements. the trustees are required to..
- S91ect suilablo ac¢ounting poli￿8$ and then appty them consisten1￿.
- observe the methods and pdn¢lFdes in the Charities SORP:
- make judg8menls and estimates that are rgasonable and wud￿[ and
prepare the financial stalernents on the going concem basi5 unless it is inappropriate to presum8 that the charity
will continue in operation.
Th8 Iruslees 8re responsible for keepiThJ adequale aco)unbng recANds that disclose r8asonable accuracy al
any time the financial posltion of the charity and enable them to ensure that the financial slalements comply with the
Companbes Act 2006. They are also responsi￿8 for safeguarding the assets of the charity and hence for taking
raasonable sttrps for the prevention and detection olfraud and other irregularitl8S.

GREYGARTH ASSOCIATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF GREYGARTHASSOCIATION
Oplnlon
Wg have audited the financial slalem8nts of Greygarth Associat￿ (the 'charitll for Ihg y8ar ended 30 Septemb9r
2023 which compriso the slalement of financial activities. the balance sheet and notes to Ihe financial statemants.
including significanl accounting policies. The finanual reporting framework that has baen applied in their preparation
is applicable law arHI United Kingdom Acc(KJnting Standards. induding Financial Reporting Standard 102 Th8
Financial Reporting Slandard ?ppliGable in Ihe UK and Repuljhc ol Ireland {United Kingdom Generally Accepted
Accounting Practice).
In our opinion, tho financial slalements..
giv8 a true and fair view of the st8t8 of th8 charitable ￿mpan￿5 affairs as at 30 September 2023 and of ils
incoming resources and application of resources. the year Ihen ended..
have been properly syepared in accordance with United Kingdom Generalty Accepted Accounting Practs¢e".
and
have been prepared in accordance with the requirements of Ihe Companies Act 20ffi.
Basls for oplnlon
We ￿ndUcted our audit in accordance with IntematKJnal Standards on Auditing IUK} (ISAS (UKI} and applicable
law. Our respongibililies under those slandards arg further descllbed in the Audilorfs responsibuifrios for the audit of
thB financial slalefftgnls sedion of t￿r reporL We are ndependent of the charity in accordan￿ with the èthical
requirements that are relevant to our audit of the financial slalèmènts in thè UK, including the FRC'S Elhical
Standard, and we have fulfilled our 0th8r ethical responsibilths in accor¢Jance with these requirements. We believe
that the audit evidence we have obtsined is suific4enl and appropriate to w)vide a basis for our opinion.
Conclu5i0ns relallng to going concern
In auditing the financial Staterr￿ts. we have conduded Ihal the trustees. use of the going COr￿ern basis of
accounting in th? preparation of thè financial statements is appropriate.
Based on the work we have performed, we have N)t ldentffj￿d any material uncertainties relating to events or
ondilions that. individually or collectively. may cast Sign￿l¢ant doubl on the charity's ability to continue as a 90ing
eoncém for a period of al least ￿Ve1ve months from *knn the financial stalements are authofised issu8.
Our responsibilitses and the responsibilities of Ihe tfustees wilh respect lo going cortcem 8re describe(J in th
relevant section5 of Ihis reporL
Othor Inlormation
The other information comprises the informabon induded in the annual report other than the financial statements
and our auditorfs rewrt thereon. The Iruslees are responsible for the other information conlained within the annual
report. Our opinion on the financial statements does not cover the other inf￿matIon and we do not expre55 any form
of assurance conclusion Ihereon. thr responsibility is to read the other information and. in doing so, consider
whether th? other infom)ation is materialty inwnsislent wlh the financial statemertls or our knowledge obltyined in
tha course of the audit. or olherwise appears to be materialty misstated. If y￿ identify such material inconsi51encie$
or apparent materi81 misstatements, we are required to determine whether this gives rise to a material misstatem8nl
In the financial gtat8mènls themselves. If. based on the work wè hav8 performed. we conclude that Ihare is a
material misstatemenl of this other inlormalion. we are required lo repori that facL
We have nothing to report in Ihls regard.
M8tters on whlch we ar• requlred to roport by •xc•ptlon
We have nothing lo rept)rt in respect of th8 followng matters in relation to whKh the Charities {Accounts and
Reports) Regulations 2008 require us lo report lo you if. in our oynion..
thè information given in Ihe finanoal statements is inc*msislent in any material respect with the Iruslees.
report., or
sufficient accounting records have not been kept,. or
the financial slalemenls are not in agreement wlh th$ accounting records- or
we have not received 811 the information and explanaik)ns we require for our audit.

GREYGARTH ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GREYGARTH ASSOCIATION
Re5p¢n$lblliti¢s of trusto8s
A5 explained rnor8 fully in the statemenl of Inrst8es' responsibilities. th8 trusteos, who are also the directors of the
charity for the purpose of Company law. arè responsible for the preparatlon of the financial stslements and lor being
satisfied Ih8t they give a true and fair view. and for such intemal control as ihe trustees dèlemiine is necessary to
enable the preparation of financial stateménts Ihat 3r9 free from matarial misststemenl, whether (Ju8 lo fraud or
error. In preparing th8 financjal statements. the tw$tees are responsible for assessing the charlty's ablllty lo
continu8 as a wng concem. disclosin9. as appI￿￿e. rnatters related to going concern and using the goin9
concern basls of accounting unless the tru51ees eilher intend to liquidate Ihe Charitable company or to cease
operations. or have no realislic alternative but to do so.
Auditor's r•sponsibllitl•$ for th• audit of the fin•nclal $tatemonts
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordanc8 with th8
Act and rdevanl regulatlons made or h8ving effect thereurKler.
Our objeGtwes are lo obtain reasonable assurance aboui %thether Ihe financial statements as a whole arp free from
malgrial misslalement. whether due to fraud or error. and lo issue an auditorfs rpport that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conduGled in accordance
with ISAS IVK) will always delect a malerial misslalement when it exists. Mlsslalements can 8rise from fraud or
error and are considered material if, individualty or In th8 aggregate. they could rèasDnably be expected to inllutsn¢
the economic decisions of users tsken on the bask8 of thesè financial statements.
The oxtenl lo which our procedures aro ¢apable of d818cting irregularities. induding fraud. is delallgd below.
We gained an understanding of the legal and regulatory framework appllcable lo the company and the Industy in
which il operates, and considered Ihe risk of ads by th8 company that were contrary to applicable Lqws and
regulations, including fraud. We designed audit pr￿e(lureS to respond lo risk, rècognising that the risk of not
datècting a maleTial misstatement due to fraud is hvJher than the risk of not detecting on8 resulting from error, as
fraud may involve deliberate concealment by. for example. forgery or intentional misreprvsentations, or through
collusion.
We focused on laws and regulations whith couhl give rise lo a material misst818mènl in the financlal slalements.
Including. but not limited to, the Companies Act 2006 and UK tsx kgislalion. Our tests included agreelng the
financial statement disclosures to underlying supwting documentation. enquiries with management and enquiries
of legal counsel. There are Inherent limilatK)ns in the audit proce(lures described above and, the fvrthei removed
non-compliance with laws 8nd regulations Is from the events and tr8nsactions reflecled in the financial stalements.
the less likely we would become aware of il. We did not idenbfy any key audit mallers relaling lo Irregularill8S,
including fraud. As in all our audits, we 81s0 addressed the risk of management overiide of internal controls.
including lesling journals and èvaluating whether ther8 was evwjence of bias by the directors that repr8s&nled a risk
of material mlsstatemenl due trj fraud.
Thi5 may include..
- Enquiry of management. those charged with govemance arourKI actual 8nd potential litigation and claims.
Enquiry of enlity staff in tax and compliance functions to idèntify any inslances of rton-¢ompliancè with laws and
gulations.
- Reviewing minutes ol meetings of Ihose charged ffiih govemance.
Rgviewing financial statement d1sd0su￿S and testing to supwbng documentstion to assess compliance with
applicable laws and regulations.
Auditing th8 risk of management override of controls, including through t8sting joumal entries and other
adjustments for appropriateness. and evaluatir¥J the business ralionale of signifThnt transactK)ns outslde the
nomial Course of business
A further d8scription of our reSFX)nsibilities is available ¢)n the Finanual Reporting Council's website al.. hllps'.11
w.frc.org.uklaudilorsrosponsibilities. This description forms part of our audilorfs report.

GREYGARTH ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF GREYGARTH ASSOCIATION
Use ofour roport
This report is made solèly to the charit￿S trustees. as a body. in a¢cordan¢* with part 4 of the Charities {A￿unts
and Reports) Regulatitsns 2008. Our audit work has been undertaken so that we might stalè to the ¢h8riWs Iruslees
Ih05e mallers we a￿ required lo Slate lo them in an auditorfs rètM)rt and for ￿ other purpose. To the ftjllesl exlenl
permilléd by law, we do not accept or assume re$￿sIbIlitY lo anyone other than the charity and the charity's
Irustses as a body. for our audit work, for this repo¢ or for the opinions we have formed.
03P7 th,QL4 (tsj .
Candl¢• Bèynon FCCA ISen5or StatutoryAuditorl
for and on b•half of DJH Mitten Clarkg Audit Limit¢d
..Jts.l.Ik.l.Zo..14
Chartorod Accountants
Statutory Audltor
Bridge Hou$8
Ashley Road
Hale
Allrincham
WA14 2UT
DJH Millen Clarke Audit Limited is eligible for appointrnent as audilor of the charity by virtue of its eligibility for
appoinlmant as aLMJitor of a company under s￿lI0n 1212 of the Cornpani85 Act 2006.

GREYGARTH ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unr•$trict•d R05tri¢tod
fund$
lunds
2023
2023
Total
Unr•$trlcled Re$trl¢t¢d
funds
funds
2022
2022
Total
2023
2022
Notss
Donations and
legarAes
Other tradlng
activities
Investmtsnts
175.262
175.262
150,670
25.682
176,352
200,798
29.599
2￿.798
29.599
164,709
27.813
164,709
27,813
Total Income
405.659
405.659
343,192
25,682
368.874
Ex
•nditure on:
Charitsble activities
323.516
1.335
324.851
282,831
24,347
307.178
Net Incomellexpenditur¢)
for the y¢arl
N&t movement In funds
82.143
{1.335)
80,808
60.361
1,335
61.696
Fund balances at 1 Odober
2022
3.145.921
1,335 3.147.256
3.085.560
3,085,560
Fund balances ai 30
Septèmber 2023
3.228,064
3.228.064
3.145,921
1,335
3.147,256
The s18lemenl of fin8naal actiwties includès all gains and l¢)sses ￿cOgnised In the year.
l income and expenditLFre derive from continuing activities.
The statement of financlal activities a150 complies ¥￿th Ihe requirements for an income and expenditure account
under the Companies Act 2006.

GREYGARTH ASSOCIATION
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
2023
2022
Notes
Flx£d assets
Tangible assets
12
4,312.936
4,341.959
Current assets
Debtors
Cash at bank and in hand
13
166,486
94.446
111.028
127.843
260.932
238.871
Croditor$: amounts falling due within
one yoar
15
(392,0451
{241,4341
Net current liabilities
(131.113)
(2,5631
Total assats less curr•nt liabilitse$
4,181.823
4,339,396
Crgdltors: amounts falllng due after
more than ono year
16
1953.7591
11,192,140)
Net assèts
3.228.064
3,147,256
Income fund$
Rèstrictèd funds
Unrestricted funds
1,335
3.145.921
3.228.064
3.228.064
3,147,256
The company Is onlilled to the exemption from the audit requirement contained in section 477 of the Companies Act
20(￿, for the year ended 30 Sgptember 2023. although an audit has been carried out under seclion 144 of ihe
Charities AGI 2011.
The directors acknowledge their responsiiNlitie8 for ccmnplying wth the requirements of the Companies Act 2006
wilh respect lo accounting record5 and Ihg prepara￿(￿ offinancial slalements.
Th8 members have not required Ihe company to obtain an audit of ils financial slatements under th8 requlremenls
ol the Companies Act 2006. lor the y8ar in queslion in ac¢ordan(* 7Mth seCt￿n 476.
Th8se financial statements have been prePa￿d in a¢Q￿d0n￿ wlh the provisions applicable to companiÈs su*'ecl
lo the small companies regime.
Thefi
ncial stalomenls were approved by the Trustees on 16.4.2024
XBO
Trustee
Company r•gl$tr¥tlon numbèr 01179820

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accounting polic1•$
Charlty Information
Grgygarth Asso¢ialion is a private company limit8d by guaranteg Incorporated in England and Wales. The
ragislered office is 1 Lower Park Road. Manclwler. M14 5RS.
1.1 Accountlng convention
The financial stalements have been prepared in acccKdance the charivs goveming document. the
Companies Act 2006. FRS 102 'The Finanual Rewybng Standard applicable in the UK and Rgpublic of
Irèland I'FRS 102"18nd Ihe Charities SORP "A(*ounllng and Reporting by Charities.. Stslement of
RecommerKled Practice applicable lo charities prepariny thèir ￿)unts in accordance wth the Financial
Rgporting Stsndard appllcable in the UK and Republic of Irdand IFRS 1021" leffectiY& 1 January 20fj91- The
charity is a Public Benefil Entity as defined by FRS 102.
The charity has taken advantsge of the Pfowsions in the SORP for charities not to prepare a Statement of
Cash Flows.
The financial slalefflents are prepared in sterliThJ. which is Ihe fijnctional rJJrrency of the charity. Monetary
amounts In those finan(¥al stalements arè rounded to the nearesl £.
Tho finandal statements have been prepared under the h[stori￿ cost convention, The prlnapal a¢￿Unting
policie5 adopted are sel oul below.
1.2 Golng Concern
At Ihe time of approving the financial slaleTnents. Ihe Iruslees havg a ￿aSOnable expg¢tatk)n that the charity
has adequate resou￿5 to continue in operational existence for the foreseeable future. Thus the Iruslees
continue to a¢Jopt the going concern basis of accountiNJ in preparing the financial ststements.
1.3 Charftsblèfund$
Unrestricleé fU￿S are available for use al the discret￿ ol the trustees in furfherance of their charitable
objectives.
Reslricled funds are svbject to specffic conditions by donors as to how Ihey may be used. The purposes 8nd
uses of the restricted funds are sel out in the r￿leS to the financial statements.
Endowment fund5 are subject to speoffic condiiions by donors that the ￿￿xIa1 must be malnlained by the
charity.
1.4 Income
Income is recognised when Ihe charity is legally enthued to il after any perfomiance conditions have been m8L
the amounts can be measured rtliably. and il is probatAe Ihal Ir￿Me wll be received.
Cash donations are recognised on receipl. Oiher dOna￿on5 am recognised once the charity has been nolified
of the donatK>n, unless perfomance conditions require d8f8rral ol the amount. Incom8 tax recoverable in
relalion lo donations received unéer Giftmd or deeds of covenant is recognised al the time of the donallon.
Legacies arg recognised on rèceipt or otherwise if thg charily has been nDlified of an impending dislribulion.
the amount is known. and recelpl is expecled. If the amount is nol known. the legacy is I￿ated as a
contingent asset.
10-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
A¢¢ountlng poli¢10$
(Contlnued)
1.$ Expendltur•
Expenditure is re¢ognlsèd once there 15 8 legal or construcliva obligation lo transf8r economic benèfit to a
third party. il is probable Ihal a transfer of economic benefits will be r8quired in settlement, and the amount of
the obligation can be measured reliabty.
Expenditur8 is da5siffied by activity. The costs of each activity are made up of the loial of éired ttisls and
sha￿d cosis. induding $UPPOrt costs involved in undertaking each activity. Direct Costs attributable lo a single
aclivily are allocated directly lo that activity. Share(I wsts which contribute to fTK)re than one aclivity and
support costs which are nol attributable to a single 8Ctivity are apportioned beNveen tIK)5e aGlivilies on a basis
consistent with the usa of rescHJrces. Central staff costs are allocated on the basis of time spent. arml
depreciation chargès are allocated on the portion of the asset's us&.
1.6 Tanglble flxfjd assets
Tangible fixed assets ar8 initially measured at cost and subsequendy measured al (x)sl or valuation. net of
d8precialion and any irnpairment10gses.
Depreciation is recognised so as lo write off the tY)st or valuation of assets18ss their resKlual values over theif
useful lives on Ihg following bases..
Freeholdland and buildings
Fixlures and fillings
Motor vehlcles
1% reducing balan
reducÉng balance
50% reduung b818n¢o
The gain or Ioss arising on the disposal of an assel is determined as th8 difference between the sale procgeds
and the carrylng value of the asseL and is iecognis8d in the ststement of financial activitsgs.
1.7 Impairmènt of fIX￿ ass•ts
At each rèporting end dale. the charity wews the carrying amounts of its langibla assets lo determine
whether there is any i￿le8110n that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amwnl of the asset is eslimaled in order to delomiin8 Ihe extent of the impairment
loss lif any).
1.8 Cash and Cash equlvalents
Cash and cash $quivalents include cash in hand, deposils I￿ld at call wth banks. othgr short-lemi liquid
inveglments with Original malurilies of three mnths or less. 8nd bank overdi8fts. Bank overdrafts are shown
within borrowings in current liabili1￿.
1.9 Flnancial instruments
Thè charlty has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and SectTon 12
'Olher Financial Inslruments Issues. of FRS 102 to all ol its finanoal instruments.
Financial inslrumenls are recognised in tho charl￿S balance sheet when the charSty bewmes paty to the
contractual provisions ol the instrument.
Financial assets and liabilities are offset. the nel amounts presented in th& financial stoternents, when
there is a legally enforceable right lo set off the recognised amounls and there is an int8ntion to settle on a nel
basis ¢y to realise the asset and setue the liabilty 5imultaneou$ly.
11

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Accountlng pollcles
IContlnu•dl
Bas1¢ flnanclal assets
Basic flnancial assets, whlch indude debtors and cash and bank balances, are Initlally measured 81
transaction price including Iransaction costs and are subsequently carried al amorbsod ￿$t using the effective
interest method unless the arrangement consb"iutes a finanang transaction, whgre the transa¢lion is
measured al the present v8lue of the future receipts (liscounleij al a market rale of Interest. Flnancial assets
dassified as rectivable within one year are not amortwd.
Bas1¢ flnancial Ilabilitles
Basic financial liabilities. ineludlng Creditors and bank loans are initially recognised at tr8nsaclion prtce unless
the arrdngement conslilutes a finanang IransactKN). wh8r& the debt instrument is measured at tho present
value of the future payments discounted at a mathet rate of interest. Financial liabi5115es classlfied as payable
withln one yeor are not amortised.
Debt InstTum8nls are subsequenuy carried al amorbsed cost. using the effedNe interest r*8 m8lhod.
Trade credilors are obligations to pay for gcod5 or services that have been acquired in the ordinary course of
operations from suppliers. AnvyJnts payable are classrffftl as current liabilities if paymenl is due within one
year or less. If not. ihey are prosenled as non-current liabilities. Trade creditors are recognised initially al
transaction prlc8 8nd subsequenuy measured al amorb.sed cost usiNJ the effective interest method.
Dere¢ognltlon of Ilnan¢lal Ilablllties
Financial liabilities are derecognised when the charity's CQEJtractual ￿)lIgallonS expire or 8r8 dlscharged or
cancelled.
1.10 Employee benellts
The cost of any unused holiday entiuement Is recognised in the period In which the emOoyee's sgrvlces are
re¢eived.
Terrnlnation benefts are recognised immediately as an expense when the tharity is demonstrably ctsmmltted
to terminate the eIn￿Yment of an empk)yee or lo promde 16miinatw)n i*nefits.
1.11 R¢llr•ment beneflts
Paymenls to defined contribution retiremenl benefit schemes are thargad as an 9xpen5e as they fall due.
Crltlcal a¢¢ountlng estlmates and judgomènts
In the application of lh8 charity'5 a(£ounting policies, the trustgfrs ar8 required to make judgemenls. estimates
and assumptions about Ihe carying amount of 8ssels and liabililies that are rTrot ￿adity apparent from other
sources. The eslim8tgs and associated assumptions are based orb historical experi8nc8 and olhgr factors Ihal
are considered to be relevant. Actual results may dilfer from these estimates.
The ￿lIMateS and undertying assumptions a￿ rwowed on an ongoing b8$is. Revisions to accounting
estimates are recognised in the period in which the estimale is revised where the revision affects only that
period, or in the peri￿￿ of the revisKtrn and future periods where the revision aff￿1$ both cUr￿n1 and future
periods.
12-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Donations and 10ga¢l*s
Unrnstricted Unrg$tricted R¢strlet8d
fund$
funds
funds
Totsl
2023
2022
2022
2022
Donations and gits
175.262
150.670
25,682
175,352
Other trading a¢tlvltl•s
Unrestricted Unrestricted
lund$
funds
2023
2022
Regular fees
200,798
164.709
Investments
Unr6strlcted Unrestri¢ted
funds
funds
2023
2022
Ron￿1 income
29.599
27.813
13-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Charliabl• activltl•s
2023
2022
Rents and Water
Insurance
Light and Heat
Subconlractor Costs
Rgpalrs and Renewals
Food, Caledng and Oratory
Telecommunications
Computer Software
Sundry Expenses
6,556
9,446
21,407
82,400
26,089
53.711
1.505
1,500
13,054
5.954
16.089
20,314
85.584
19.299
38,602
1,494
3,205
5.117
215.668
195,658
Grant fundi￿ of activities Isge Th)19 71
1.965
24,347
Share of support costs (see note 8)
Share of govemance ￿SIS (see notè 8)
101.7f3
5,445
82,223
4.950
324,851
307.178
Analysls by lund
Unreslricled funds
Reslricled funds
323.516
1,335
282,831
24.347
324,851
307,178
Grants payabl•
2023
2022
Grants lo inslitulions=
St Bede's Found*tion
1,965
24,347
14-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Support c¢)st5
Support Governan¢o
costs
¢o$ts
2023
Support Gov¢manee
¢o$ts
2022
Staff costs
D8precialion
Bank Charges and
Interest
Legal and PrOfess￿n81
Fees
Travel Expenses
Bad debls
19.696
49.023
19.696
49,023
17.258
44.034
17,258
44.034
12.380
12,380
14,227
14,227
4.471
1.603
14,600
5.445
9.916
1.603
14.6
4.613
6.330
(4.239)
4.950
9.563
6.330
{4,2391
101,713
5.44S
107.218
82,223
4,9SO
87,173
Analysed betwoen
Charitable activities
101.773
5.445
107.218
82.223
4.950
87,173
Governance costs includes payments to the auditors of£5,445 (2022- £4.950) for audtt fees.
Trustees
None of the trustees (or any persons ￿nnected vMth them) received any remunerat￿ or bènefits from ihe
charity durfng the y8ar.
10 Employ•gs
The average monthly number of employ8es during Ihe year was:
2023
Numbèr
2022
Murnb•r
Employment co$t$
2023
2022
Wages ar￿ salaries
ScKial security Costs
Other pension costs
17,765
872
1,059
16,295
19,696
17,258
Thw8 W8r8 no employees whose annual remuneration was more than £60.000.
15-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
11 Taxation
The charity Is exempl from lax on In￿Me and gains fallin9 Wthin section 505 of the Taxes Act 1988 or section
252 of the Taxallonol Chargeabl8 Gains Act 1992 to the extent Ihal these are applied lo ils Eharilable objects.
12 Tanglble fixed a$sats
Ffeehold land Flxture¥ #nd Motorvehlthl
and bulldlng5
flttlffl
Totsi
Co$t
At 1 Octob8r 2022
Additions
4,966,667
60.375
14.750
20.000
5,041.792
20,000
AI 30 September 2023
4.￿6,667
60,375
34.750
5,061,792
Doprgciation and impalrrnent
Al 1 October 2022
Dèprecialon charged In Ihe yèar
641,348
43.253
49.099
2.255
9.386
3.515
699.833
49,023
AI 30 September 2023
684,601
51.354
12,901
748,856
Carrylng amount
AI 30 September 2023
4.282.066
9.021
21,849
4,312,936
AI 30 September 2022
4.325.319
11.276
5,364
4,341.959
13 Debtors
2023
2022
Amounts falllng duè wlthln ong year.
Trade debtors
Olher debtors
106,630
59.856
33,595
77.433
166,486
111,028
14 Loan5 and overdrafts
2023
2022
Other loans
1.130.834
1.377,315
Payable within one year
Payable after on8 year
177.075
953.759
185,175
1,192.140
The long-tem) loans are not secured by fixed tharges.
16-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 30 SEPTEMBER 2023
14 Loans and overdrafts
{Contlnuodl
Included within other k)ans is a loan of £1.113.283 from Fondalion Belmont. The 103n is provlded al 1,1.
interest rate. 8i-yearfy payments are made against the loan and is expected to be fully repaid by 30
September 203D.
15 Crèdltors: amounts falling due within on• y•ar
2023
2022
8orrowngs
Other laxalion and social security
Trade creditors
Olher creditors
Accruals
177,075
34,370
5.592
167.269
7.739
185.175
14.129
32.SS4
9,576
392,045
241,434
16 Crodltors: amounts falling due after more than onè year
2023
2022
Borr¢)wngs
953.759
1,192,140
17 Analy$l$ of nèt ass•ts between fund$
Unroslrlcted Restrf¢ted
funds
funds
2023
2023
Total UnrÈstrlcted Restrlcted
funds
funds
2022
2022
Total
2023
2022
Fund balances at 30
S8plamb8r 2023 are
represented by-.
Tangible assets
Current assetsl{liabilittasl
Long lerrn liabllities
4.312.936
1131.113)
{953.759)
4.312.936
4.341.959
{131.1131
{3,898)
(953,7591 11,192,14Q)
4.341.9S9
{2,5631
{1,192,1401
1.335
3,228,Q64
3.228,064 3.145,921
1.335 3,147,256
17-

GREYGARTH ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR fHE YEAR ENDED 30 SEPTEMBER 2023
18 Related party transaetlons
J Valero and X Bosch, who are trustees of Greygarlh Associ8tKJn. are also truslees of Netherhall Educationa1
Association. Induded within othw debtors is a loan of £59,856 12022.. £69.133) du8 from Netherhall
Educational Ass￿latIon. Repayments In ihe year amounted to £9,277. This loan is inlergsl-free and repayable
on demand.
X 8osch. is alw a trustee of St B8de's Foundation. During the year Greygarth invoiced St Ba¢J&'s Foundation
£nil 12022.. £2131 in relation to a￿0mM0￿8110rt charges. At the end of the year. Greygarth Assw8lK)n was
owed £nil12022.. £nill.
A Taylor. a trustee. is also a director of CiWs8 ment￿1￿ Lld. During the year. Greygarth Invoiced Cilws
Mentoring Ltd £5,400 (2022.. £2.6501 in relation lo rental income. Al the end of the year, Greygarth Association
was owed £1.060 12022: £nill.
18-