THE GARWOOD FOUNDATION
{A Company limited by Guarantee - Reg.No.012858581
Registered Charity No.272905
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR TO
31StAugust 2024
Reglstèred Office
la Melville Avenue
South Croydon
CR2 7HZ

THE GARWOOD FOUNDATION
IA Company limited by Guarantee - Reg.No. 012858581
Registered Charity No 272905
DIRECTORS
F Newton
l Trumper
R Bateman
G Merrick
K Minear
R Oakes
S Povey
J Sanders
M Thapar
Chairman
Treasurer
{Appointed 151 March 2025}
{Resigned 131h September 20231
COMPANY SECRETARY
Miss V Sandlan
REPORT OF THE DIRECTORS
The Directors present their Report and the audited Financial Statements for the year ended 31,
August 2024.
REFERENCE and ADMINISTRATIVE DETAILS
The Garwood Foundation is a company registered under the Companies Act 2006, limited by
Guarantee. The Company and Charity registration numbers are shown above. The address of
the registered office (also the principal office of the Foundation) is la Melville Avenue, South
Croydon, Surrey, CR2 7HZ.
The Foundation operates a school for up to 32 severely disabled children and young people aged
3-25 years in Melville Avenue., a registered residential home (Jean Garwood Hausel serving up
10 14 disabled adults and finally a day centre (Bramley Hill Cenlrel, for up to 40 adults per day
aged 18 plus years, with multiple physical and learning disabilities.
The names of all the Trustees at the date of this report, as well a5 those who served during the
year, are shown above.
The Chief Executive Officer to whom day-to-day running of the charity is delegated, is Dr Ross
White.

THE GARWOOD FOUNDATION
IA Company lirrhited by Guarantee - Reg.No. 012858581
DIRECTORS. REPORT (continued)
Names and addresses of relevant organisations are,.
Bankers
HSBC, 9 Wellesley Road, Croydon, CR9 2AA
Barclays, 1 North End, Croydon, CR9 1 RN
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill,
West Malling, Kent, ME19 4JQ
Auditors
Bryden Johnson, 1-4 Kings Parade,
Lower Coombe Street, Croydon, CRO 1AA
STRUCTURE. GOVERNANCE and MANAGEMENT
The Foundation wa5 formed in 1952 as the Croydon & District Branch of the National Spastics
Society, and later changed its name to the Croydon Sutton & District Spaslics Society. 11 was
incorporated as a Company limited by guarantee on 1 April 1977. 11 again changed ils name lo
The Garwood Foundation in December 2000 and is governed by its Memorandum and Articles of
Association. The Garwood Foundation was proud to have celebrated its 70th Anniversary in 2022.
New Trustees and governors are recruited via Croydon Voluntary Action, National Governance
Association, social media platforms, internal website, and professional relationships. Trustees are
appointed by a majority of serving Trustees on the Board.
All new Trustees undergo a period of familiari5alion with the workings of the Board and the
Foundation before being voted in as a Trustee. They are also provided with a copy of the
Foundation's governing document (Memorandum & Articles), the previous year's accounts,
strategy document, previous Trustee5' meeting minutes and copies of relevant Charity
Commission publications e.g RS1 and CC3.
Under the requirement of the Companies and Charities Acts, The Foundation is no longer
required to hold an Annual General Meeting. However, Trustees retire and stand for re-election
by rotation. The Foundation makes decisions lo further ils objects by means of several
departmental Management Committees and the Board of Governors for Rutherford School, with
the final decision on key matters resting with the Board of Trustees.
Although independent of any other charitable organisalion, the Foundation leases Jean Gar4vood
House and Bramley Hill siles from SCOPE at a peppercorn rent of which there are 53 and 39
years respectively, remaining. In addition, il co-operates with certain other charities such as
Croydon Mencap in pursuit of its charitable activities. It also has a wholly-owned subsidiary
Croydon CP Trading Limited, which currently runs two charity shops in Addiscombe and Soulh
Croydon.
The major risks to which the charity is exposed, as identified by the Trustees, have been
reviewed and systems or procedures have been established to mitigate those risks and are
regularly reviewed by the Trustees and Management of the Foundation.
Staff remuneration is reviewed and set annually by the board on recommendation from a
delegated committee of Trustees.

THE GARWOOD FOUNDATION
IA Company limited by Guarantee - Reg.No. 012858581
DIRECTORS. REPORT {continuedl
The Foundation does not conduct major fundraising activities i n support of running its three rnain
services, but is gralefLJI for 5UPPOrt from trusts, foundations, business, and individual donors who
support specific projects and fund building developrnent and equipment.
OBJECTIVES AND ACTIVITIES
The objects, as set out in the Articles of Association state that the Foundation, acting as a charity,
works for the care, welfare, interest. education, and advancement of people with cerebral palsy
and allied conditions residing in Croydon as well as seven alher London boroughs.
The Foundation, In order to comply with its aims of providing services for general public benefit,
accepts children and adults from the whole spectrum of the total UK population who require
specialist support due to their learning and physical disabilities.
The aims of the Foundation are lo provide a wide range of services for local people with
disabilities, their families, and carers, by the provision of a school, a registered residential home,
and a day centre. In addition, the Foundation provides a welfare support service for the children
and adults and their families and carers, liaising in these matters with various relevant statutory
5UPPOrt bodies.
Key elements of the Foundation's long-term strategy are..
1. Building stale of Ihe art facilities on the school site at 1 a Melville Avenue for a growing
number of 16-25-year-old students.
2. Profile raising via communicationslmarketing recruitment and strategy.
3. BLJilding and nurturing of relationships with commissioners in order to negotiate modern
and competitive service level agreements across its adult services.
4. Rulherford school to be an Ofsted outstanding school and recognised nationally fDr its
excellence within the PMLD field.
5. Being an employer of choice.
The Foundation has referred to the guidelines set out by the Charity Commission on Public
Benefit when reviewing its aims and objectives and in the planning for its future. The
achievement of our objectives is always challenging as both slatulory and voluntary funds are
limited.
number of volunteers operate in most aspects of the charity and without their help some
activities would not take place. The charity shops are largely staffed by volunteers, several help
in the school and al Bramley Hill on a regular basis, as well as occasional events held during the
year. The Trustees are. as always, extremely grateful for the enormous conlribulion provided by
these volunteers.

THE GARWOOD FOUNDATION
IA Company limited by Guarantee- Reg.No. 012858581
DIRECTORS, REPORT Icontinuedl
ACHIEVEMENTS and PERFORMANCE
During the year we continued to provide high quality education. care, nursing, therapy, and
activities to service users, as well as support to carers. Demand for our services remained high.
Jean GarwoDd House began and ended Ihe year full with 14 residential placements lan average
occupancy of 13 across the yearl, the Rutherford School had 28 students enrolled for three
quarters of the year127.75 avera9el, and 58 service users were registered with Bramley Hill al
the end of the year lan increase of 11 from the previous yearl.
We were pleased that negotiations wilh local authorities resulted in fee uplifts. Bramley Hill's
main contract with Croydon increased by 6.10, and across the iiidividual contracts for residents at
Jean Garwood House tariffs increased by 7.3'/,. This enabled the Foundation lo manage the
impact of increased costs, adiusl salarie5 to ensure that we can recruit and relain staff, make a
surplus and therefore increase liquidity.
During the year we finalised the design of the 19-25 building development at the Rutherford
School, with planning perfflission granted in March 2024. The new improved design will increase
the school's capacity up lo 38 students enrolled through building an additional classroom. It will
provide a large hydrotherapy pool, create a therapy hub within the school, and repurpose an
existing room lo create a cornmu nily café space. At the lime of writing this report building work
has commenced on site. The new hydrotherapy pool is due to be completed in July 2025, with
the full building programme reaching practical completion in December 2025.
We finalised our re-brand for the organisation. The new logo, mission, vision and values and
strapline 'where every ability shines, were introduced to our new websile Idesigned during the
summer of 2024 for launch in Seplemberl. Rebranding of our shops, vehicles, literature, and
property will follow.
Jean Garwood House has developed under new management. Yvonne Gordon stepped up from
the role of deputy to become the CQC Registered Manager of the home. During the year the
residents, corridor wa5 redeGorated and carpeted, a tracked hoist was installed, our IT system
was upgraded and CAREIS is being introduced on a phased basis. This is an electronic care
record system that records our care and support intepJenlions, has online training, a suite of
policies, clinical audit templates, incident reporting. and staff recruitment records, appraisal, and
supeNision. Ils implementation is a key slep lo evidellcing that care standards are being met,
and further rall-out will take place during the 2024125 year.
Throughout the year we employed an experienced HR Manager to provide Human Resources
support across the Foundation. Lisa Skelton has worked across the foundation to provide HR
support and advice to the service heads. This was particularly helpful at Jean Garwood House
with the promotion of two staff into the Manager and Deputy Manager roles, respectively. Having
made a difference to the organisalion, Lisa will be leaving the Garwood Foundation al the end of
2024 and has recruited an HR Officer into post ahead of her departure.
Our support extends lo carers of people living with disabilities. Our Carer's Forum, a peer
support group with 20 carers, mel a number of limes during the year. Carers were able to share
their experiences and memories and provide advice and support lo one another. One highlight
was a social visit lo London on the fast-clipper boat from Greenwich, where the group included a
newly bereaved relative making their first trip out after losing her daughter (who was a regular

THE GARWOOD FOUNDATION
IA Company limited by Guarantee- Reg.No. 012858581
DIRECTORS, REPORT (continued)
attendee at the Bramley Hill Day Cenlrel. Since then, she has continued to be part of the Carer's
Forum as part of her ongoing journey.
We were pleased to provide a wide range of activities to people who use our services. The
number of people attending the Bramley Hill day centre averaged around 33 a day, with
Wednesday being the busiest day with 38. This include5 the residents from Jean Gamood
House, which is next door to the day centre. In addition to a full timetable of activities provided
within the centre, external activities included wheelchair sports sessions organised by the
Change Foundation, weekly bowling sessions, cycling al Croydon Arena, visits lo Godstone Farm
and garden cenlres, plus special outings such as a boat trip from Greenwich lo Westminster and
our annual interactive MLJSIC day called OrchLab al the Royal Festival Hall with the London
Philharmonic Orchestra and Drake Music. The Learning Zone was expanded lo five sessions a
week, Goveiing geography, world news, maths. English, reading and writing. Travel training
provided within our Learning Zone programme, enabled 4 users to travel on a tram lo Merton
Park. Thank5 to a generous donation from the Screwfix Foundation, we were able to upgrade
the flooring within our hydrotherapy pool room at Bramley Hill.
The Rutherford School provided a wide range of opportunities for learning, development, health,
and wellbeing.
Our bespoke Gurriculum covers five holistic areas.. My Body, My World, My Voice, My
Independence, and My Wellbeing. The success of Dur curriculum lies in the interdisciplinary work
between the highly skilled mLJltidisciplinary team consisting of Physioth8rapy, Occupational
Therapy, Speech and Language Therapy, a Visual Im pairment specialist, Nursing and Teaching
tearns. This collaborative work enables sludenls to access bespoke learning activities and
therapies. suited to their specific abilities and needs and provides the platform for a successful
educational journey at the school. This approach has a positive impact on student attainment.
the development of skills, and on ernolional and mental wellbeing.
The 2023-2024 academic year included a wide variety of educational activities which exposed
students lo cultural and social experiences. Student activities locus on celebrations such as
Diwali. Remembrance Day, World Earth Day, National Disabilities Week, Eid, Easter, Black
History Month etc. Highlights in 202314 include a Christmas production by students and staff with
supporting acts from the John Fischer school choir and clarinetlisl Margaret Archibald,. a
Valentines Ball., our World Book Day Celebration,. and the Rutherford Festival (which included a
Cultural Diversity Day, Pride@Rulherford, Butterfly Day, the Big Hangout, and a music Festival
featuring a performance from a local acoustic musician). Other participation events included
Sports week, where our students accessed sporting events hosted by the John Fisher school."
and enlry Into The National Song Competition, where our Music Therapisl Sarah Kong composed
and produced an original song that featured students and staff. The school was delighted to
have been presented with the Merial Gollin Challenge Cup by Alan Tilchmarsh on behalf of the
London Children's Flower Society at the Guildhall in London for the 'Garden Achieved Under
Most Difficult Conditions.
I n addition, there has been a wide variety of community trips including
shopping in Croydon, bowling, cinema and visits to Lloyd Park and Coombe Gardens.
The leaching team were committed to providing our students with exciting and varied work
experience placemenls in the community. The slLJden15 continued to support the work of local
food banks,. helped preparing for the lunchtime shift in a local pub., look part in drarna sessions at

THE GARWOOD FOUNDATION
IA Company limited by Guarantee - Reg.No. 012858581
DIRECTORS, REPORT (continued)
Trinity School., and helped with horse care al a local stable. Successful work experience
placements are a fantastic way for us lo develop our community links and educate other young
people about Profound and Multiple Learning Disabilities. We are also grateful to the Tim
Henman Foundation for funding the purchase of standing frames.
Online safely, relationships, being healthy, and mental health formed part of our programme for
Relationships and Sexuality Education IRSE).
The school's achievements took place under the leadership of Head Teacher Suzanna Bance.
Prior to the summer break a handover look place with Diane Elleman who steps in as Interim
Head Teacher while Suzanna takes parental leave.
In the year to August 2024 the overall consolidated position for the financial year shows a surplus
of £229,12512023.' £230,370) which includes an unrealised gain of £27,661 12023 £3, 0061 upon
the revaluation of the investment portfolio. The operating surplus of £201,464 12023.. £227,364}
includes depreciatlDn charges lotalling £63,093 {2023.' £66,083).
Two of the three services (Rutherford School and Bramley Hill Day Centre> were in surplus, after
taking into account the income derived from the hire ol facilities at the cenlres, and after
deducting charges far central 5UPPOrt services and depreciation. Jean Garwood House incurred
higher than planned agency expenditure used to cover staff vacancies which, combined with a
period where the home had two vacant rooms, contributed to a deficit of £71 k, after deducting
charges for central support services and depreciation.
The trustees are grateful for the continuing support of health and local authorities, with particular
reference lo the London Borough of Croydon. which has continued to fund over 50°/0 of The
Garwood Foundations Se￿IceS.
The Foundation has an investment portFolio valued at £345,974 invested (£318,313 at 31,
August 20231. The policy of the Foundation 15 to hold this portfolio as part of ils reserves for
future project costs. The performance of the investment porttolio was 8.7 /0 and in line with ils
objective of increasing in line or above with inflation.
Social, environmental, ethical
considerations are discussed with the investment manager, as is the appelite for risk. The
investment property, a bungalow adjacent to the Rutherford School in South Croydon, was
occupied throughout the year u nlil the end of June 2024, and then vacated. We redecorated the
bungalow both internally and externally ahead of placing it on the market for sale. The proceeds
will be used as part-fund ing for the building developments taking place at the Rutherford School
during the 24-25 school year.
The income from the investment property, donations, legacies, appeals and the two shops helped
lo produce the consolidaled surplus shown in the accounts.
The shops are operated by Croydon CP Trading Limited, a wholly owned subsidiary of The
Garwood Foundation. The shops produced a nel profil of £63,8481£46,326 to August 20231, on a
turnover of £177,880 (£210,338 to August 20231. The profit is donated lo The Garwood
Foundation in accordance with the Memorandum of Association of Croydon CP Trading Limited.

THE GARWOOD FOUNDATION
IA Company limited by Guarantee - Reg,No. 012858581
DIRECTORS. REPORT (continued)
FINANCIAL REVIEW
The surplus of incoming over outgoing resources for the financial period (see page 16 of the
accounts) amounted to £229,12512023'. surplus of £230,370). The total incotne generated from
all sources amounted lo £3,262,27212023. £3,068,667) and the total resources expended wcre
£3,060,808 12023.. £2,841,303). The Foundation recognised a nel unrealised gain on its
investments of £27,661 12023. £3, 0061. A detailed breakdown of all these figures is shown in the
attached accounts and notes. The outcome for this period is summarised in Achievements and
Performance labovel. The principal long-lerm risk and uncertainly facing the Foundation is that
of local authority funding_ The risk is mitigated by the Foundation nol being fully dependent on
any one local authority and is managed by communicating wilh the local authorities on an
ongoing basis. A shorter-term risk relates to cash-flowing the building project, for which a Charity
Bank loan facility has been agreed Ifor ijp to £600kl
BASIS OF ACCOUNTING
These financial statements have been prepared in accordance with the Companies Act 2006,
applicable to small companies and in accordance with the Charities SORP 2019 IFRS1021.
FOUNDATION'S POLICY ON RESERVES
The Foundation's policy on reserves is to maintain a reasonable balance to ensure that normal
running costs can be met as and when they fall dLJe, and the aims and objectives of the charity
can be achieved. The Foundation looks lo ensure that at any given lime there are liquid reserves
available of a minimum of 100/0 of annual turnover and this being a minimurn of 3 months of
operating costs. In this respect, an investment fund portfolio is held, with a market value of
£345,974 at 31"ALJgust 202412023.. £318,313).
Total reseNes al 31 August 2024 amounted to £4,553,459 12023.. £4,324,334), of which
restricted reserves amounted to £3.573 12023.. £108,180). Reserves designated for the capital
project amounted lo £1,012,945 12023.. £215,783) and unrestricted reserves amounted to
£3.536.941 12023.. £4.000.371) of which a total of £2,672,52712023.' £2,688,848) is represented
by freehold and leasehold properties that are used by the Foundation in its operating activities.
At the balance sheet date, £362,331 12023.. £180,895) has been spent on the Capital Project and
financed from designated and restricted reserves.
Al the balance sheet date, the unrestricted funds represented by net assets other than tangible
fixed assets and investment properties amounted to £404,721 12023.. £557,772), which is in line
with the Foundation's policy on reserves.
The Garwood Foundation could not provide the breadth of service without the kind support
through legacies, grants, and donations.

THE GARWOOD FOUNDATION
IA Company limited by Guaranlee - Reg.No. 012858581
DIRECTORS, REPORT (continued)
FREEHOLD PROPERTY
The nel book value of the freehold property at 1 a Melville Avenue al 3151 August 2024, (included
in the account5 at £2,592,076 is considered by the directors to be satisfactory, although this is
less than the figure Df £2,765,000 al which il was professionally valued for insurance purposes on
11 May 2009. The Directors aim to obtain a professional valuation of Ihe property after the
completion of the sile development at RLJlherford School.
PRINCIPAL FUNDING SOURCES
These are..
Local Authorities
Donations, grants, and legacies
Gross turnover of subsidiary company
Hire of facilities
Investment income
£ 2,840,638
104,511
177,880
127,080
12,163
Expenditure has supported the following operations:
Bramley Hill Centre
Jean Garwood House
Rutherford School
487,058
732,186
£ 1697761
Total resources expended on charitable
activities (including support Gosts)
£ 2917005
PLANS FOR THE FUTURE
Key objectives are to..
maintain, support, and develop safe and effective services lo meet current and future
needs of people living with disabilities and those affected by il
ensure that statutory and grant funding is suff icient to deliver outstanding services to the
people it supports
to complete the construction of the hydrotherapy poo5 and commence construction of the
classroom block extension at the Rutherford School.
facilitate the onward transition ol students at the age of Iwenly-five from the school to other
services.
fully implernent the organisation's 'rebrand'
ensure that our information systems are appropriate to support Ihe delivery of our
programmes.

THE GARWOOD FOUNDATION
IA Company limited by Guarantee- Reg.No. 0128585BI
DIRECTORS, REPORT (continued)
STATEMENT OF DIRECTORS, RESPONSIBILITIES IN RESPECT OF THE ACCOUNTS
The Trustees (who are also Directors of The Garwood Foundation for the purposes of company
law) are responsible for preparing the Directors Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Directors lo prepare financial statements for each financial year.
Under company law the Directors must not approve the financial Statements unless they are
satisfied that they give a true and fair view of the state of affairs of the charitable com pany and of
the incoming resources and application of resources, including the income and expendilure, of
the charitable company for that period. In preparing these financial Statements, the trustees are
required to..
Select SLJitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP 2019 IFRS 1021
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charitable company will continue in operation
The Iruslees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
thern lo ensu re that the financial statements comply with the Companies Act 2006. They 3re also
responsible for safeguarding the assets of the charitable cornpany and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
There is no relevant audit information of which the charitable company's auditor is
unaware., and
The trustees have taken all steps that they ought lo have taken to rnake themselves aware
of any relevant audit information and to establish that the auditor is aware of that
information
Each director has laken all steps that helshe ought lo have taken, as a director, in order lo make
himlherself aware of any relevant audit information, and lo establish that the company's auditors
are aware of that information.
resolution to review the Charity s Auditors will be submitted at the next Board of Trustees
meeting.
This report has been prepared having taken advantage of the small companies, exemption in the
Companies Act 2006.
Regi%lered Office
1 a Melville Avenue
South Croydon,
Surrey CR2 7HZ
By order of the Board
Frank Newton
Chairrnan
Dated. Iq lozs

io
THE GARWOOD FOUNDATION
Annual Report 31. August 2024
INDEPENDENT AUDITORS, REPORT TO THE
MEMBERSOF THE GARWOODFOUNDATION
Opinit>n
WÈ have audited the financial statements ol The GarwDod Foundation Ithe'parent company'l and it5
subsidiaries Irhe 'group'l for the year ended 31 August 2024 which comprise the Group Staiement of Financial
Acti¥itie5, the Group and company Balance Sheets, the Group Statement of Cash Flows and notes to the
financial statement5, including significant 3ccounlin8 policies. The financial rÈporting framework that has been
applied in their preparation is applicable law and United Kingdorn Accountin8 Standards, includin8 Financial
Reporting Standard 102 The Financial Reportln8 Standard applicable in the UK and Republic of Ireland (United
Klngdom Generally Accepted Aciounting Practicel.
In our opinion the financial 5taternent5'.
give a true and fair VIÈW of the state of the group and of the parent company's affairs 35 at 31
August 2024. and of the group's profit for the year then Ended-
have been properly prepared In 3ccordance with United Kingdom Generally AicÈpted
Accounting Pr3crice.' and
have been prepared in accordance with the requirements of the Comp3nie5 Act 2006.
Basis for opinion
We CDnducted our audit in atcordance with International Standards on Auditing IUKI IISAS IUKII and applicable
low. Our responsibililie5 under those standards are further described in the Auditarfs responsibilities for the
audit of the financial staternent5 Section of our report. We are Independent of the grDUP in accordance with
the ethical requirement5 that are relevant to our audit of the financi315tatements in the UK. including the
FAC'5 Ethiial Standard, and we have fulfilled our other ethical responsibilities in accordanie with these
requirernent5. We believe that the audir evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.

li
THE GARWOOD FOUNDATION
Annual Report 31" August 2024
INDEPENDENT AUDITORS, REPORTTO THE
MEMBERS OF THE GARWOOD FOUNDATION Iconiinuedl
CDncluslons rÈlating to going concerrb
In auditing the financial Statements. we have concluded that the trustee5' Use of thè going concern basis ol
3ccounting in the preparation of the financial stat8rnent5 is appropriate.
a5ed Dn the work we have pertormed, we have not identifiÈd any rnaterial uncertaintSes relating to events or
condition5 that. individually or collectively. moy cast significant doubt on the group'5 or parent companvs
ability to tontinLte a5 3 Boing ionEerrb lor a period ol at least twelve month5 from when the financial
statemEnts are authorised for issue_
Our respon5ibilrties and the responsibilities of the trusrÈes with respect to going concern are described in the
relevant sections of this report.
Other informatlD
The oiher InfDrmation comprises the JnfDimarion included in ihe annual report, other than the financial
statetnents and our auditorf5 report theTEDn. The trustee5 are responsible for the other infortnation contained
within the annual report. Our opinion Dn the financial statement5 doE5 not cover the other information and,
excepr 10 the extent otherwise expli£itly stated in our report. we do not express any ftsrm of assurance
onclusion thereon. Our responsSbility is to read the other inforrnation and, in doin8 50, ionsider whether the
other information 15 rnaterially Inconsistent with the financial statements or our knowledge obtained In the
tourse of the audit, or otherwise appèars to be mateiially misstated. If we Identify such material
inconsistencie5 or apparent tnateria5 mi55tatement5. we are required to deteTrnint whether thi5 gives rise to a
material rni55tatetnent in the financial statement5 thErnselvos. 11. based on the work we have performed, we
conclvdÈ that there is a rnaterial tn155tatement of thi5 Other information, we are requiretl to report ihat fact.
We have nothing to repart in this regard.
Oplnlons on other matters prescribed by thÈ Companies Act 2006
In OUT opinion, based on the work undertaken in the course of the audit..
the information given in the irustees, report for thc financial year for which the financial
siatemenrs are prepared is congstÈnt with the financial statements-, and
the tru5tee5' report have bcen prepared in accordance with 3pplic3ble legal requirernent5.

12
THE GARWOOD FOUNDATION
Annual Report 31. August Z024
INDEPENDENT AUDITORS. REPORT TO THE
MEMBERS OF THE GARWOOD FOUNDATION Icontinuedl
Matter5 on which we are re4uired to report by exception
In the light of the knowledge and understanding of the group and the parent cornpany and their environment
obtained in the course ol the audit, we have not identified tnaterial misstaiements in the trustees. report.
We have nDrhing to report in respeit of the following rnatter5 in relation to which the Companies Act 2006
require5 115 to report to you if, in our opinion-.
8dequate a£counting reiords have not been kept by the parent company, or returns adequate
for our audit have not been received from branches not visited by us,. or
the parent company financial statements are not in agrÈÈmÈnt with the accouniing rÈcDrds and
certain disc105ures of trustee5' remuneration specified by law aTe not made; or
we have not rE¢eivÈd all the information and explanation5 we require for our audit,. or
the trustee5 werÈ not entitled to prepare the financial statement5 in ai£Drdance with the small
cornpaniÈs regime and take advafttage of the Small companies, exemptions in prepaiin£ the
tru5tees' report and from the requirement to prepare a 5tiategic report.
Responslbllltle5 of trustees
As explained more fully in the trustees, responsibilities statement, the Iru5tees are responsible for the
prepararion of the financial statemEnts and for being Satisfied that they give a true and fair view, and for Such
nrernal control 35 the tru5tee5 determine 15 necessary to onable the preparatitsn of financial statement5 thit
re free from material mi55tatetnent, whether due to fraud or error.
In pr2paring the financial Statements, the trustee5 are responsible for 8sse55lng the group's and the parent
company'5 ability to continue a5 a goinE toncern. disclosing. as app1ic3ble. matters related to going concein
and USlnE the gDin£ concern ba515 of acccuniing unle55 the trustees either intend to liquidate rhe group or the
parent company or to cease operations. or have no realisiic altern3tive but to do so.

13
THE GARWOOD FOUNDATION
Annual Report 31" August 2024
INDEPENDENT AUOITQRS. REPORT TO THE
MEMBERS OF THE GARWOOD FOVNDATIOfrI Icontlnuedl
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the finarncial 5taternent5 as a whole are free
from rnaterial mi551atemcnt, whether due to fraud or error, and to issue an auditols report that includes our
opinion. Re350nable assurance is a high level of a55urance. but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always det¢ct a material mi55tat2ment when it exists. Misstatement5 can aris
from fraud or error and 6re ionsidered material if, individually or in the aggregate, they could reasonably be
expEtted to influence the econornic decisions tsf users taken on the ba515 of these financial statements.
Irregularities. including fraud, ère instances of non-compliance with laws and regulation5. We design
procedure5 in line with our responsibilities, Olbtlined above. to detect mateyial mi55taternenis in respett of
irre8ularitie5, iniluding Iraud. The extent to which our procedures are capable of deletting irregularities,
includinK fraud is detailed below..
We enquired of management ano the finance, audit and risk committee, which included
obtaining and reviewing SllPPOrting documentation. concerning the charity's policies and
procedures relating to..
IdÈntifying, evaluatin& and complying with laws and regulations and whether they were
ware Df any instance5 of non-compliance..
Detecting and responding to the risks of frèud and whether ihey have knowledge of any
actual, 51Tr5pected, or alleged fraud;
The intÈrn31 controls established to vnitiBatt risks related to fraud or non-compliance
with laws and reeulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and rÈgulatory framework that the charity operates in,
foiu5ine on those13ws and regulations that had a material effect on the financial statements or
that had a fundamenial effect on the oper3tions of the charily from our professional and sector
experlence.

14
THE GARWOOD FOUNDATION
Annual Report 31, August Z024
INDEPENDENT AUD￿OR5. REPORTTO THE
MEMBERS OF THE GARWOOD FOUNDATION Icontinuedl
We communicated applirable13ws and re8ulatlOn5 throughout the audit team and remained
alert to any Indication5 of non-compliance throughout the audit.
We reviewed any reports made to regulator5.
We reviewed the financial Statement disc105ure5 and tested these to SUPPOrting docurnentation
io assess compliance with appliiable law5 and regu5atbons.
We performed analytical procedure5 to Identify any unusual or unexpected relationship5 that
may indicate r15k5 of mèterial missl3ternent due to fraud.
In addre55ing the risk of fraud through managernent override of tontrols, we tested the
appropriateness of journal entries and other adjustments, assessed whether the judgemÈnts
made in making accounting Èstimate5 are Indiiaiive Df a potential bia5 and tested significant
tran5a£tions that are unusual or those outside the normal course of business.
BÈcause of the inherent limitations of an audit. thÈre Is a risk that we will not detect all irre8ularitiÈs, includin8
those leading to a material misstatement in thÈ financial statemen15 or non-compliance with regulation. Thi5
risk increases the more that compliance with a law or regulation is remD¥ed from the events antj tr3n5actions
retlected In the financi315tatements. a5 we will be less likely to become aware of instance5 of non-cornpliance.
The risk is also greater regarding irregularities occurring due to fraud rather than ErroT. as fraud involve5
intentional concealment. lorgeryi collusion, oM￿Ssion OT misrepresentation.
A further description of our responsibilities is available on the Financial ReportlnE Council's webslte at..
htt
www.ffc.or
Our-work
Audit
Alldit-and-assurance
tandards-and- uidance
Standards-and.
nc
r-auditors
Audttors-res
onsibilities-for-aud*t
Descfl
tion-of-audi
nsi
audit.as
This de￿rIptIOn forms part of our auditor's report.
Use of our report
This rcport is made 501ely to the company 5 members. as a body, In accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's
metnbers those matters we are fequired to st3te to them in an auditor's report and for no other purpose. To
the fullest extent perrllitted by law, we do not accept or assume responsibility to an¥onÈ other than the
iompany and the company s mernbers as a body, for our audit work, for this Teport, or for the opinion5 we
have formed.

15
THE GARWOOD FOUNDATION
Annual Report 31" August 2024
INDEPENDENT AUDITORS, REPDRTTO THE
MEMBERS OF THE GARWOOD FOUNDATION Icontlnuedl
Neil Joh
son (Senior Statuiory Auditor)
FDr ènd on behalf of
Bryden Johnson Llmlted
1-4 Kings Parade
Lower Coombe Street
Croydon
CRO IAA
Chartered Accountant5
Statutory Audltor
Date:

16
THE GARWOOD FOUNDATION
Annual Report 31st August 2024
CONSOLIDATED STATEMENT OF FINANCIALAcfiviTIES
IlncDrporating an Incorno & Expenditure Account)
for the year ended 51 August 2024
Designa:ed
Funds
Notcs
Funds
Funds
Funds
2023
Income & Endowmènts from.
57.OLY
304.960
12.163
2.840.638
3.214.780
47.492
104,511
3Q4,960
12,163
2,840,638
3.262,272
86,191
311,785
16.326
2,654,265
3,068,667
47.4Y2
Expenditure on..
134.280
2.B99.906
3,034,IB6
9.523
143,803
2,917.005
3,or)(1,808
io
189.592
2,651,711
2,841,303
17.099
17,099
9.523
180,594
30.393
201,464
227,364
on iDvesltncnt aSSPt%
27.661
27.661
27.661
27,661
3,006
3,006
Net IncomellExpenditurel
208.255
3D,393
229.125
230.370
GrDSS transtcrs between funds
806,6RS
1135,0001
15
Net irncDrnIDg resources before other
797,162
229.125
230,370
Net movetnent In funds
1463,4301
797.162
11(M.6071
229,125
230,370
Total fundE brought lorwAid
4.000.371
215,783
L08,1¥0
4,324.334
4,093,964
3,536,g41
1,012,945
4.JJ3,459
4,324,334

17
THE GARWOOD FOUNDATION
Annual Report 315t August 2024
CONSOLIOATED BALANCE SHEET AS AT 31 AUGV5T 2024
Group
Charity
2024
2023
2D24
Total
Funds
2023
Notes
Fund5
t0181 funds
total funds
Fixed Assets
Tangible a5set5
Inve5tm8nts
Total Fixed Assèis
3,132,220
945,974
4,078,194
2,950,599
913,313
3,868,912
3,132,220
945,976
4,078,196
2,950,599
918,315
3,868.914
Current Assets
Debtor5
Cash ar bank Bnd In hand
Tota1 Current Assets
322,469
636.379
958,847
576.433
599.642
I,L76,075
354,632
596,201
950,833
704,365
467,288
1.171,653
CreditDf5 falling due within l year
Net Current Asset5
483,583
475,265
720.652
455,422
47i.570
475,263
716,233
455,420
4.553,459
4,324,334
4,553,459
4.324.334
Net A55et5 Including Pension Liability
4.552,459
4,324.334
4,553,459
4,324.334
Funds of the Foundation
Unrestricted Income Fund5
15
3,536,941
4,000,371
3,536,941
4,DOO,371
Desi8n3ted Income Funds
Is
I.OL2.945
215,783
1,012,94i
215.783
Restricted Income Fund5
15
3,573
108.180
3.573
108,180
Tot31 Foundation Funds
4,553,459
4.224.334
4,553,459
4,324.334
These financial statements have bcen prepared In accordance with the prpvisions applic3ble to compdnies subject to the srnall
companies regime within Part 15 of the Companie5 Act 2006, and In accord3nce with the Charities SORP IFR51021 and were
approved by tho board of director5 and authorised for issue on.---.
and are signed on It5 behalf by
Frdnk Newton
Direttors
lan Trumper
Company Registration Number- 01285858

18
THE GARWOOD FOUNDATION
Annual Report 315t August 2024
CON50LIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31ST AUGUST 2024
2024
2023
Net Cash Used in oper3tlnE activlties Inote 201
269,292
6,647
Cash Flows fiom investing activitie5
Inve5tTnent income
Proceeds from disposal of Fixed Assets
Purchase of Fixed AgSEts
12,163
16.326
14,500
1106.3511
1244.7181
Cash Provided by Iu5ed inl invE5ting activities
1232,i551
175,5251
Increase Idecre35el In cash and cash equivalents
end of the period
36.737
168,8781
Cash and Eash equivalents at the beginning of the period
599,642
668.520
Total cash and cash equivalents at the end of the perlod
636.379
599.642
Held as..
Cash at bank and in hand
636,379
599.642
Total tash and cash equlvalents at the end Df the perlod
636.379
599,642
The Foundation has no overdrifts, loans or findnce lease5, and therefore no retonciliation ol net Cash flow to
movement in nct dobt 15 nEcessary Ithe only cash or debt mOVLmeiits are those shown abave and in noie 201.

19
THE GARWOOD FOUNDATION
Annual Report 315t August 2024
NOTE5TO THE CON50LIDATED FINANCIAL STATEMENTS
For the year ended 31st August 2024
I ACCOUNTING POLICIES
al COMPANY INFORMATION
The Girwood Found3110n Is a privale Ilmitcd comoany limited bv guarantee, incorpDfated In Englaiid and Wales. The
Rogi5tcrod Office is la Mclville Avvnue. South Croydon. Surroy. CR2 7HZ. The tompany registration number 15 01285858.
bl BASIS OF PREPARATION
The a¢counis are prep?rod In Sterling. which is Ihc funclional currency of the Charity and the Eroup Mjnetary arnounls in
these financial statement5 arc rounded to the nearest £
In applyinR the financial reporting IramEWoik. I￿￿ iruslees have made a number of subjective judgement5, for cxDmple In
to be reason￿blE under the circumstance5 The nature ol thc estimaiion mean5 tho actual outiomcs could dilfEr from those
cl PUbLIC BENEF.'T ENTITY
dl GOING CONCERN
periud
el INCOMF
Income, except for Rrant incorne 1% atttsuntÈd for on an accruals basis. Granl'ncDrne 1% rp.cognised under the perfDrtnanr.p
rnodel, whereby è gr¥nt that dues nor impose Specified future performancp-related condition5 15 rccogn15ed In Intome
fl EXPFNDITURE
gl ALLOCATION OF SUPPORT COS I S

20
rHE GARWOOO FOUNDATION
Annual Report 31st August 2024
NOTESTO THE CON50LIDATED FINANCIAL STATEMENTS IcontiDLJedl
For the year ended 31st August 2024
h) TANGIBLE FIXID A55ETS
Frcchold prDp¥rry
Property bnder construction
Leasehold proporty improvcmL'nis
IO% on cost pèr annum Ibul 5eE nnte beluw)
5% on cost per annum
20YJ ¢QSt per anThum
Thc ind ihe original 51hool building were don3ted'.o the Found3lion tn3ny years dgD aid therefore havc no cost on
the Balanie Sheet.
and the ?ropertV 15 In use
11 OPERATING LEASES
11 INVESTMENT5
investment5 in the PEfiDd.
kl FINANCIAL INSTRUMEMTS
11 PENSION5
ml TAXATION
nl CASH AT BANK AND IN HAND
ol DEBTORS
Trade aiid other debtors are fe.tr)gnised al the se'.Ilemenl Amnunt due 3rte.r any di5COdnt Dffpred. PrEpayments are v3lued
at the artiount prepaid net of any di5count5 due
pl CREDITORS AND PROVISIONS

THE GARWOOD FOUNDATION
Annual Reporr 315t August 2D24
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Icolltinuf dl
For the ypar ended 31st August 2024
q) CRITICAL ACCOUNTING ESTIMATES AND IUDGEMENT5
aS5umpiions about the carrying amount of asseis and liabilities that are nDt readily APPArent Irorn othe.r sources. The
Tho e5timate5 and underlying assumptions are revicwed on an Dngoing basi5. Revisions to aicountin8 cstirD3tes arv
revision and future pcriods whvre the rcvisiDn affects both current and future PEfiod5
The Charity makes an estimate of ihe recoverable v31ue of dEbtor5. When as5e5sinR Impairment of debtors, the Trustees
a55ets. The ecDTromic lives and r￿SidUal valu05 are re-Jssessed annually. Thcy are atnendEd when netessary to rcfloct
NO1￿ 3 fjr the carrying amount ol property. p12nt and equipment Rnd Note Ih for thÈ depreciation policy for each cla55 Df
a55et.

22
THE GARWOOO FOUNOATION
AnttDal A*port Ilsl Augu5t2024
NQTESTQ THE IONSOLIOATED FIF4Atr4CIALSTATEMENT5 Ir(Mlfinuédl
3 TANGI8LEA55Ef&-GAOUPAND CHARirv
2,631.737
Y62.331
583,619
270.941
663.37$
4.513n33
56l,3
NET 800K IIAIUF
451
25SSg
*771
.ILO
Undwca
ellun
4 INVE5TMENT5
fnn.N
600.LY

TH* GARWOOD FOUNDATION
Annual Aèport 31stAuiu5t ZOI4
NOTESTOTHE CON50LIDAIED FIN4NCIAL5TATÉMÉNIS IcoThi1n￿dy
S DE6TORS
Sroup
2024
Group
1024
2U23
70.750
32146J
102.913
354.626
843
184.775
704.36S
6 CREDrroH5 Idupw1th￿ onÈ yÈarl
Group
fjroup
5.G92
S9￿>7
710.652
6US.692
155.S77
483.
141.664
475.570
716.233
7 INCOME FROM GAAFITS, OOPIATtot45& LE6AIIES
2U24
47,492
86,291
OTHER7ftADIPIGAcnvmE5
Unre&tntte
2024
127,QRf>
I77￿80
304.9fw)
i??
21Q.338
9 IMC(IME FROM CHARITABIEACTlVt¥lE5
1014
Sth.899
1.726.118
2.840.638
66D.8gY
1.726.418
2.84Q638
643,P20
2,6S4.265
IQ c05r50FAAI￿NGFUTr1￿5
2024
1023
2n0
5.580
189.S92
9.523
143.80#
11 EXPENDITUREON CHARITABLE A￿1V[TIEs(sncl￿dlffll a*ototSono15UPgOrtttistIl
2024
4E7.U5
680.480
18.908
I.W.607
1.697,761
17.1

THE GARwoaD FDUMOATIDN
AfflnuDI Repwt 315tAuw5t 2014
NOTE5 FOTHE CONSOLIDATEt)FINANCIAL 5TATEMEP4TS Itontlnuedl
Garw￿¢
-hoa1
1.913
44.83)
4&g32
Id6.&
13 STAFF COSTS
2N7.932
1.99J.527
1.91126
Group
2U2J
umbèr
fifi
mber
umber
78
14 14ET INCOMEI EXPENOITURÉ FOftTHÉ YEAR
6.OE3
9.840

25
TAE GARWOOD FQUNDATION
NQTESTOTHÉ C014S0LIDATEO FINAWCIALSTATÉMEP4TSlcoffltlnuedl
XS MOVEME14TSIN FUNDS
4.IW.331
3.242.441
3.034.186
6?1.685
3.S36,Yl
3.180
8,D
30.ryxi
47.49?
135,L
1135.IWI
17.0991
1573
4,324.334
J.285.933
IJ.Q60.8U81
4.553.45Y
3.7L'ti fvl?
264.585
4.riJ3.964
31N6
3.D7J.67a
S3.655
1.841.lQ3
R34.616
Jos,1
4.324.334
£46,436 w".
16 ANALYSIS OF NET A￿[[5 BETWEEN FUN05 A5AT JI AUGUST2024
Dèbtors
600,
132.220
915.974
322.4Eg
636.379
3.$8J1
4.S53.4Sg
4.W3.371
ios.r
0.599
571433
1?2Q.652
4.117.334

16
THE SARWOOD FOUPIDATIDN
2024
4Q,$44
18 MEMBERS. GVAHANTEE
19 CAPITAL EXPENDITURE COMMITMENT5
20 RECONCILIATION OF NETMOVEMENTS IN FUWDSTQ NET CASH FLO¥V FROM OPERA71NGAcfiviTIES
20
3.Q¥
21 RELATED PARTYTRANSAt7iop45
22 OPERATING IEASE COMMITMENTS

27
ThE GARWOOD FOUNDl4llQN
Aftnual Roport 3151 Auiust 2024
NOTE5TDTHECONSOLIDATED FINANCIAL STATEMENT5lcontinued
ForthÈytarended 31stAusust 2014
ia CONTINGENT ASSETS
Id TWITION
25 NON-AUDIT 5ERWCES PAOWOEO BY AUOITQRS

28
THE GARWOOD FOUNDATION
ADnuJl Report alst Augus12024
NON CONSOLIDATEO STATEMENT OF FINANCIAL ACTIVITIES
Iihcorporating an Income & Expenditure Account)
for thè year ended 31 August 2024
Funds
2023
Income & Indowments from..
i7.019
b3.848
127.080
1?,163
2.8GO.638
3.100,748
47,492
104.511
63.848
127,03U
12.163
2.840.638
3.148.240
86,291
46,326
IOL,447
16,326
Z,654,265
2,904,655
47.492
2n,248
2,899.9Q6
2.920.154
9,S23
29,771
Z.917,005
25,580
2.651.711
2,677.291
17.099
17.099
9,523
180,594
30,393
201.464
ZZ7,364
GainlLuSS on Investwent ￿$Sel$
27.661
27,G61
27,661
27.661
3,006
3.006
Total
Npt Incnme/lExpenditurol
208.255
30.393
229,125
23D,370
Gros5 translcrs bptween fundi
1671,6851
BD6,685
1135.ODOI
Net iicoming resource5 hEfort other
797,Ib2
1104,6071
??9.125
23D.370
Nor movoment in fund5
1463,4301
797,162
1104.6071
229,1?.5
230,370
Total fund5 brought lorw3rd
4.000.371
215,78
108,ISO
4.324.334
4,D93,964
3.536.941
l.D12,945
3,573
4,553,459
4,324.334