The Grail Trust 272411 Trustees Report 2023
Grail Trust had a financially successful year in 2023 with income exceeding £25,000 for the first time in many years and totalling £26, 417, an increase of over £6000 on the previous year This was mainly the effect of some major one-off donations. As a result we were able to maintain our running costs as a charity to support 110 children in Tamil Nadu, south India, with no father, for their maintenance and educational costs, especially for those going on to higher study post-16. We continue to have low administrative costs for running the charity in the UK; there was a payment towards the costs of the visit of two trustees to the project in India. Last year we expended £5000 towards building costs in India to convert the former Grail Trust orphanage buildings into lowcost social housing, and rental income has accrued from this to offset the conversion costs. Our supporter list remains stable but it is hard to increase our supporter base as we cannot afford to advertise in the way UK national charities can. Our supporters are sent two or three newsletters a year. The trustees meet regularly by Zoom, both the UK trustees and in consultation with our Indian partners and the AGM is held by Zoom as well.
The Grail Trust statement of Financial Activities SOFA at 31st December 2023 General Funds 2023 Previous Year 2022 Note No Incoming resources Donations (not gift aided) Donations Igtft aided) Investment income Income Tax fundS Total incoming resouces 5,853.47 17.061.00 959.05 2.$44.34 26,417.86 5,572.34 9.505.00 664.52 3,040.42 18,782.28 Resources Expendedl Payrnents Grail Home and oulreach. Ilia Running costs (Ino. admin) Building costs 19.000.00 0.00 1,100_00 0.00 421.17 o.oo 1,168.00 21,689.17 18,000.00 5,000.00 0.00 0.00 167.50 0.00 0.00 23.167.50 Spnsorship of Indian chiklren Prinling and stationery Sundry expenses (Inc b8n(poage & Vb5[te) Legal and trans18tion u>s India visti costs Total resources expended 10 11 Net incomingl(outgoing) resour¢¢s 4.728.69 4,385.22 Gainsl{losses) on investsnents 1.106.66 -3,002.24 Nel rnovernent in funds 5.835.35 -7.387.46 Total funds brought forvrard 41.748.59 49,136.05 Totsl funds carried forward 47.583.94 41,748.59
The Grail Trust Balance Sheet as at 31st December 2023 General Funds 2023 Previous Year 2022 Note No Current Assets Cash in harsd {cheques awaiting banktng) Bank current account Money Manager account COIF Charttes Depostt Fund account COIF Charites Fixed Interest Fund Uni15 DebloEs 11.46 20.578.98 4.910.89 22.082.61 291.82 16.269.47 4,211.35 20.975.95 47.583.94 41.748.59 Credtlors (dedud) Total Current Assets Represented By Accumulated Fund at 1st January Surplus l Deficit for the year 41.748.59 5.835.35 47.583.94 49.136.05 1 381.46 41.748.59 Noles Creditot3.'
Notes to 2023 Statement of Financial Activities SOFA General Funds Income nditure ote 1 Donations Inot gtft aided) bank orders other doRations donations via CAF donations via webstte online shopping donations note 2022 Grail Home l outreach Running costs GT{l) admin Building costs 0.00 1392.08 1212.9) 3508.32 &548 80 915.00 38.07 5853.47 sS7134 19000.00 0.00 0.00 19000.00 1PAJX).OD )c 23000.00 7 Sponsorship of Indian children Educ. fees & equipment 1100.00 1100.00 2 Donations {gift aided} bank orders other donations 5066.00 44 11995.00 17061.00 9505.00 8 Printing and stationery printing and stationery 0.00 3 Investment income Bank interest COIF FIF & Dep income 259.51 699.S4 959.05 9 Sundry expenses Postage Meeting expenses Bank chaoes Website expenses 646 87 0.00 0.00 421.17 0.00 421.17 66&52 0750 000 167.80 4 Income Tax refunds Gift Aid tax refunds 2544.34 I1)A2 10 Legal and translation costs Legal etc costs 0.00 0.00 11 India visit Costs 1168.00 0.00 Tot Incoming ResouceslReceipts 26417.86 18782.28 Tot Resources ExpendedlPayments 21689.17 23167.50
The Grail Trust Accounts for ear ended 31st December 20 Inde ndent Examinerfs Re GRAIL TRUST ACCOUNTS 2023 Basis of Independent Examineffs reporL" My examination was carried out in accordance with the Generdl Dire(lions given by the Charity CommissioneE5. An examination includes a rewew of the accounbng reeA)rds kept by the Trust and a comparison of the Financial Statements prEsented with those records. It a150 includes consideration of any unuyjal items or disclosures in the Financial Stalements. and seeknng explanalions from the Trust conceming any such fflatter5. The Procedures undertaken do not provide all the eviden thai would be rEquired in an audit and consequently I do not exwe&s an audit opinion on the view given by the Finan81 Statements. Independent Examinefs statement." In connection vthh my examination. no matter has come to my attention: (1) which gives me reasonable cause to believe that in any materi21 respect the requirements (a) to keep accounting reconls in accor(lance wtth section 41 of the At#; and (b) to prepare Financial Statements which accord with the accounting records arn1 to comply wrth the accounting requirements of the Act have not been met. or (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached. Independent Examiner. Signature: Name: Qualification= AddSs. Date: i £ Yis. 6uL
The Grail Trust statement of Financial Activities SOFA at 31st December 2023 General Funds 2023 Previous Year 2022 Note No Incoming resources Donations (not gift aided) Donations Igtft aided) Investment income Income Tax fundS Total incoming resouces 5,853.47 17.061.00 959.05 2.$44.34 26,417.86 5,572.34 9.505.00 664.52 3,040.42 18,782.28 Resources Expendedl Payrnents Grail Home and oulreach. Ilia Running costs (Ino. admin) Building costs 19.000.00 0.00 1,100_00 0.00 421.17 o.oo 1,168.00 21,689.17 18,000.00 5,000.00 0.00 0.00 167.50 0.00 0.00 23.167.50 Spnsorship of Indian chiklren Prinling and stationery Sundry expenses (Inc b8n(poage & Vb5[te) Legal and trans18tion u>s India visti costs Total resources expended 10 11 Net incomingl(outgoing) resour¢¢s 4.728.69 4,385.22 Gainsl{losses) on investsnents 1.106.66 -3,002.24 Nel rnovernent in funds 5.835.35 -7.387.46 Total funds brought forvrard 41.748.59 49,136.05 Totsl funds carried forward 47.583.94 41,748.59
The Grail Trust Balance Sheet as at 31st December 2023 General Funds 2023 Previous Year 2022 Note No Current Assets Cash in harsd {cheques awaiting banktng) Bank current account Money Manager account COIF Charttes Depostt Fund account COIF Charites Fixed Interest Fund Uni15 DebloEs 11.46 20.578.98 4.910.89 22.082.61 291.82 16.269.47 4,211.35 20.975.95 47.583.94 41.748.59 Credtlors (dedud) Total Current Assets Represented By Accumulated Fund at 1st January Surplus l Deficit for the year 41.748.59 5.835.35 47.583.94 49.136.05 1 381.46 41.748.59 Noles Creditot3.'
Notes to 2023 Statement of Financial Activities SOFA General Funds Income nditure ote 1 Donations Inot gtft aided) bank orders other doRations donations via CAF donations via webstte online shopping donations note 2022 Grail Home l outreach Running costs GT{l) admin Building costs 0.00 1392.08 1212.9) 3508.32 &548 80 915.00 38.07 5853.47 sS7134 19000.00 0.00 0.00 19000.00 1PAJX).OD )c 23000.00 7 Sponsorship of Indian children Educ. fees & equipment 1100.00 1100.00 2 Donations {gift aided} bank orders other donations 5066.00 44 11995.00 17061.00 9505.00 8 Printing and stationery printing and stationery 0.00 3 Investment income Bank interest COIF FIF & Dep income 259.51 699.S4 959.05 9 Sundry expenses Postage Meeting expenses Bank chaoes Website expenses 646 87 0.00 0.00 421.17 0.00 421.17 66&52 0750 000 167.80 4 Income Tax refunds Gift Aid tax refunds 2544.34 I1)A2 10 Legal and translation costs Legal etc costs 0.00 0.00 11 India visit Costs 1168.00 0.00 Tot Incoming ResouceslReceipts 26417.86 18782.28 Tot Resources ExpendedlPayments 21689.17 23167.50
The Grail Trust Accounts for ear ended 31st December 20 Inde ndent Examinerfs Re GRAIL TRUST ACCOUNTS 2023 Basis of Independent Examineffs reporL" My examination was carried out in accordance with the Generdl Dire(lions given by the Charity CommissioneE5. An examination includes a rewew of the accounbng reeA)rds kept by the Trust and a comparison of the Financial Statements prEsented with those records. It a150 includes consideration of any unuyjal items or disclosures in the Financial Stalements. and seeknng explanalions from the Trust conceming any such fflatter5. The Procedures undertaken do not provide all the eviden thai would be rEquired in an audit and consequently I do not exwe&s an audit opinion on the view given by the Finan81 Statements. Independent Examinefs statement." In connection vthh my examination. no matter has come to my attention: (1) which gives me reasonable cause to believe that in any materi21 respect the requirements (a) to keep accounting reconls in accor(lance wtth section 41 of the At#; and (b) to prepare Financial Statements which accord with the accounting records arn1 to comply wrth the accounting requirements of the Act have not been met. or (2) to which. in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached. Independent Examiner. Signature: Name: Qualification= AddSs. Date: i £ Yis. 6uL