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|Trustee|TheGreggsFoundationTrustee|
|---|---|
|DirectorsoftheTrustee|JDysonOBE(Chair)|
||KBradley|
||RHutton|
||JIrving|
||FNicholson|
||SSingh|
||MThompson|
||GLong|
||ATaylor|
|SecretaryoftheTrustee|JMassingham|
|Charitynumber|296590|
|Principaladdress|GreggsHouse|
||Q9QuorumBusinessPark|
||BentonLane|
||NewcastleuponTyne|
||NE128BU|
|Website|www.greggsfoundation.org.uk|
|Auditor|RSMUKAuditLLP|
||CharteredAccountants|
||1St.James'Gate|
||NewcastleuponTyne|
||UnitedKingdom|
||NE14AD|
|Bankers|NationalWestminsterBankPlc|
||16NorthumberlandStreet|
||NewcastleuponTyne|
||NE1TEL|
|Investmentmanagers|RBCBrewinDolphin|
||TimeCentral|
||Gallowgate|
||NewcastleuponTyne|
||NE14SR|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
||Notes|£|£|£|£|
|Incomefrom:||||||
|Donationsandlegacies|2|3,538,518|1,068,623|4,607,141|3,541,540|
|Charitableactivities|3|306,865|224,684|531,549|424,712|
|Investments|4|566,416|-|566,416|556,186|
|Totalincome||4,411,799|1,293,307|5,705,106|4,522,438|
|Expenditureon:||||||
|Raisingfunds|5|12,401|-|12,401|22,089|
|Charitableactivities|6|4,024,381|1,172,410|5,196,791|4,100,641|
|Totalexpenditure||4,036,782|1,172,410|5,209,192|4,122,730|
|Netincome||375,017|120,897|495,914|399,708|
|Netgains/(losses)oninvestments|11|1,792,138|-|1,792,138|(4,872,471)|
|Netincome/(expenditure)beforetransfers||2,167,155|120,897|2,288,052|(4,472,763)|
|Grosstransfersbetweenfunds|20|82,527|(82,527)|||
|Netmovementinfunds||2,249,682|38,370|2,288,052|(4,472,763)|
|Totalfundsbroughtforward||22,753,532|1,797,559|24,551,091|29,023,854|
|Totalfundscarriedforward||25,003,214|1,835,929|26,839,143|24,551,091|





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## 

## 

|||2023|2022|
|---|---|---|---|
||Notes|£||
|Fixedassets||||
|Intangibleassets|13|131,895|19,920|
|Investments|14|23,161,255|21,712,702|
|||23,293,150|21,732,622|
|Currentassets||||
|Debtors|15|198,673|169,028|
|Investments|16|1,200,219||
|Cashatbankandinhand||2,987,536|3,334,234|
|||4,386,428|3,503,262|
|Creditors:amountsfallingduewithin||||
|oneyear|17|(639,215)|(515,017)|
|Netcurrentassets||3,747,213|2,988,245|
|Totalassetslesscurrentliabilities||27,040,363|24,720,867|
|Creditors:amountsfallingdueafter||||
|morethanoneyear|18|(201,220)|(169,776)|
|Netassets||26,839,143|24,551,091|
|Incomefunds||||
|Restrictedfunds|20|1,835,929|1,797,559|
|Unrestrictedfunds|20|25,003,214|22,753,532|
|||26,839,143|24,551,091|





## 

## 

## 

|||2023||2022||
|---|---|---|---|---|---|
||Notes|||||
|Cashflowsfromoperatingactivities||||||
|Netcashprovidedby/(usedin)operating|22|||||
|activities|||63,843||(25,962)|
|Investingactivities||||||
|Purchaseofintangibleassets||(120,323)||(19,920)||
|Proceedsondisposaloffixedassets||||||
|investments||1,366,650||||
|Dividendsandinterestreceived||566,416||522,977||
|Purchaseofcurrentassetinvestments||(1,200,219)||||
|Purchaseoffixedassetinvestments||(1,782,386)||||
|Movementincashheldinportfolio||759,321||||
|Netcash(usedin)/providedbyinvesting||||||
|activities|||(410,541)||503,057|
|Net(decrease)/increaseincashandcash||||||
|equivalents|||(346,698)||477,095|
|Cashandcashequivalentsatbeginningofyear|||3,334,234||2,857,139|
|Cashandcashequivalentsatendofyear|||2,987,536||3,334,234|





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|Donationsandlegacies|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|2023|2022|
||£|£|£|£|
|Donationsandgifts|3,070,629|1,068,623|4,139,252|3,039,987|
|Othergrants||||100,000|
|Donatedgoodsandsen/ices|467,889||467,889|401,553|
||3,538,518|1,068,623|4,607,141|3,541,540|
|Fortheyearended31December2022|2,952,432|589,108||3,541,540|
|Donationsandgifts|||||
|Greggsplc-companydonations|2,336,420||2,336,420|2,045,477|
|Greggsplc-donationsfromproductsales|352,396|-|352,396|334,820|
|Greggsplc-giveasyouearn|23,661|-|23,661|22,796|
|Individuals(includinggiftaid)|358,152|2,953|361,105|117,786|
|OtherTrusts|-|108,306|108,306|77,500|
|BreakfastClubpartners||957,364|957,364|441,608|
||3,070,629|1,068,623|4,139,252|3,039,987|



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## 

|3|Charitableactivities|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|2023|2022|
|||£|£|£|£|
||Community|||||
||Appealandfundraisingevents|282,951|6,789|289,740|206,484|
||GeneralFundraising|||||
||Fundraisingplatforms|2,952||2,952|12,201|
||BreakfastClubs|||||
||Appealandfundraisingevents|20,962|217,895|238,857|206,027|
|||306,865|224,684|531,549|424,712|
||Fortheyearended31December2022|235,820|188,892||424,712|
|4|Investments|||||
|||||2023|2022|
|||||£|£|
||Incomefromlistedinvestments|||508,616|547,136|
||Interestreceivable|||57,800|9,050|
|||||566,416|556,186|
||Incomefrominvestmentsrelatesentirelytounrestrictedfunds.|||||
|5|Raisingfunds|||||



||2023|2022|
|---|---|---|
||£||
|Fundraisingandpublicity|||
|Otherfundraisingcosts|12,401|22,089|
||12,401|22,089|
|Expenditureonfundraisingandpublicityrelatesentirelytounrestrictedfunds.|||





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## 

## 

|Charitableactivities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|2023|2022|
||£|£|£|£|
|NorthEastCoreFund|||||
|Grant-making|698,660||698,660|650,000|
|Shareofsupportcosts(seenote7)|89,599||89,599|98,443|
|Shareofgovernancecosts(seenote7)|3,696||3,696|3,576|
||791,955||791,955|752,019|
|Hardship|||||
|Grant-making|1,470,223|129,119|1,599,342|1,438,746|
|Shareofsupportcosts(seenote7)|205,260|-|205,260|217,898|
|Shareofgovernancecosts(seenote7)|8,467||8,467|7,916|
||1,683,950|129,119|1,813,069|1,664,560|
|Community|||||
|Grant-making|60,395|14,916|75,311|30,954|
|Shareofsupportcosts(seenote7)|9,658|-|9,658|4,688|
|Shareofgovernancecosts(seenote7)|398||398|171|
||70,451|14,916|85,367|35,813|
|BreakfastClubs|||||
|Grant-making|533,619|784,375|1,317,994|812,248|
|Shareofsupportcosts(seenote7)|168,870|-|168,870|123,016|
|Shareofgovernancecosts(seenote7)|6,964||6,964|4,468|
||709,453|784,375|1,493,828|939,732|
|Health&Sustainability|||||
|Grant-making|-|244,000|244,000|194,480|
|Shareofsupportcosts(seenote7)|31,291|-|31,291|29,454|
|Shareofgovernancecosts(seenote7)|1,291||1,291|1,070|
||32,582|244,000|276,582|225,004|
|Communityhubs|||||
|Grant-making|649,289||649,289|417,920|
|Shareofsupportcosts(seenote7)|83,267||83,267|63,294|
|Shareofgovernancecosts(seenote7)|3,434||3,434|2,299|
||735,990||735,990|483,513|
||4,024,381|1,172,410|5,196,791|4,100,641|
|Fortheyearended31December2022|3,449,653|650,988||4,100,641|





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## 

|Supportcosts||||||
|---|---|---|---|---|---|
||Support|Governance|2023|2022|Basisofallocation|
||costs|<br>costs||||
||`£`|<br>`£`||||
|Inkindstaffcosts|433,964||433,964|371,778|Valueofgrantsmade|
|Amortisation|8,348||8,348||Valueofgrantsmade|
|Otherofficecosts|35,296||35,296|26,214|Valueofgrantsmade|
|In-kindrentandrates|33,925||33,925|29,775|Valueofgrantsmade|
|Professionalfees|58,713||58,713|65,079|Valueofgrantsmade|
|Printingandpublications|16,952||16,952|6,868|Valueofgrantsmade|
|Conferences|747||747|18,682|Valueofgrantsmade|
|Matchedfunding||||18,397|Valueofgrantsmade|
|Auditandaccountancyfees||24,250|24,250|19,500|Governance|
||587,945|24,250|612,195|556,293||



## 

|FeespayabletotheFoundation'sauditorandassociates:|2023|2022|
|---|---|---|
||`£`|`£`|
|Auditoftheannualaccounts|21,500|16,750|
|Non-auditservices|||
|Othernon-auditservices|2,750|2,750|



## 



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## 

||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|2023|2022|
||`£`|<br>`£`|`£`||
|Changeinmarketvalueofinvestments|1,789,929|-|1,789,929|(4,852,435)|
|Gain/(Loss)onsaleofinvestments|2,209||2,209|(20,036)|
||1,792,138|-|1,792,138|(4,872,471)|
|Fortheyearended31December2022|(4,872,471)|||(4,872,471)|



## 

## 

|Intangiblefixedassets||
|---|---|
||Softwaredevelopment|
||£|
|Cost||
|At1January2023|19,920|
|Additions|120,323|
|At31December2023|140,243|
|Amortisationandimpairment||
|At'IJanuary2023||
|Amortisationchargedfortheyear|8,348|
|At31December2023|8,348|
|Carryingamount||
|At31December2023|131,895|
|At31December2022|19,920|





## 

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## 

||||Listed|
|---|---|---|---|
||||investments|
||||-Equities|
||||£|
||Costorvaluation|||
||At1January2023||20,885,432|
||Additions||1,782,386|
||Valuationchanges||1,789,929|
||Disposals||(1,364,441)|
||At31December2023||23,093,306|
||Carryingamount|||
||At31December2023||23,093,306|
||At31December2022||20,885,432|
|||2023|2022|
||||E|
||Investmentsatfairvaluecomprise:|||
||Equities|23,093,306|20,885,432|
||Cashheldwithininvestmentportfolio|67,949|827,270|
|||23,161,255|21,712,702|
|15|Debtors|||
|||2023|2022|
||Amountsfallingduewithinoneyear:|£|£|
||Otherdebtors|113,015|90,043|
||Prepaymentsandaccruedincome|85,658|78,985|
|||198,673|169,028|
|16|Currentassetinvestments|||
|||2023|2022|
|||£|£|
||Unlistedinvestments|1,200,219||





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## 

|17|Creditors:amountsfallingduewithinoneyear||||
|---|---|---|---|---|
||||2023|2022|
|||Notes|£||
||Grantspayable||532,286|389,234|
||Deferredincome|19|71,430|90,043|
||Othercreditors||245||
||Accruals||35,254|35,740|
||||639,215|515,017|
|18|Creditors:amountsfallingdueaftermorethanoneyear||||
||||2023|2022|
||||E||
||Grantspayable||201,220|169,776|



## 

||2023|2022|
|---|---|---|
||`£`||
|Broughtforward|90,043||
|Incomedeferredintheyear|71,430|90,043|
|Amountsreleasedfromprioryear|(90,043)||
|Carriedforward|71,430|90,043|





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||||Movement|infunds|||
|---|---|---|---|---|---|---|
||Balanceat1|Income|Expenditure|TransfersRevaluations,||Balanceat31|
||January||||gainsand|December|
||2023||||losses|2023|
||£|£|<br>£|£|£|£|
|Unrestrictedfunds|||||||
|Accumulatedfund|21,950,415|2,130,217|<br>(1,323,256)|(1,161,186)|1,792,138|23,388,328|
|Designatedfunds|||||||
|Hardship|-|50,782|(112,051)|61,269||-|
|Breakfastclub|666,587|668,739|<br>(533,619)|118,458||920,165|
|Environmental|-|167,627||(73,489)|-|94,138|
|Designatedspecial|||||||
|projects||20,048||||20,048|
|Localprojects||266,104|(60,395)|(205,709)|||
|NationalHardship||5,306|(1,412,585)|1,412,244||4,965|
|Communityhubs|121,883|1,102,976|(649,289)|-||575,570|
|Matchfund|14,647|-|<br>54,413|(69,060)||-|
||22,753,532|4,411,799|(4,036,782)|82,527|1,792,138|25,003,214|
|Restrictedfunds|||||||
|Hardship|97,500|191,748|(120,729)|(77,476)|-|91,043|
|Breakfastclub|1,527,868|1,101,559|(784,375)|(100,166)||1,744,886|
|Environmental|106,805|-||(106,805)||-|
|NominatedCharities|6,440|-|<br>(14,916)|8,476||-|
|Agentsofchange|58,666|-|<br>(244,000)|185,334|||
|NorthTyneside|||||||
|Councilgrant|280||(8,390)|8,110|||
||1,797,559|1,293,307|(1,172,410)|(82,527)||1,835,929|
|Totalfunds|24,551,091|5,705,106|(5,209,192)||1,792,138|26,839,143|





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||||Movementinfunds|Movementinfunds|||
|---|---|---|---|---|---|---|
||Balanceat1|Income|Expenditure|TransfersRevaluations,||Balanceat31|
||January||||gainsand|December|
||2022||||losses|2022|
||£|£|<br>£||||
|Unrestrictedfunds|||||||
|Accumulatedfund|26,429,067|2,199,005|<br>(1,228,382)|(576,804)|(4,872,471)|<br>21,950,415|
|Designatedfunds|||||||
|Hardship|111,713|15,623|<br>(938,868)|811,532|||
|Breakfastclub|583,891|446,071|<br>(363,375)|||666,587|
|Environmental|50,000|190,000||(240,000)|||
|Communityholiday|||(330,050)|330,050|||
|Localprojects||196,486|(27,954)|(168,532)|||
|Covidresponse&|||||||
|recovery|||(3,000)|3,000|||
|Communityhubs|249,030|697,253|(417,920)|(406,480)||121,883|
|Matchfund|105,252||(162,193)|71,588||14,647|
||27,528,953|3,744,438|(3,471,742)|(175,646)|(4,872,471)|<br>22,753,532|
|Restrictedfunds|||||||
|Hardship||177,500|(2,500)|(77,500)||97,500|
|Breakfastclub|1,380,198|596,543|(448,873)|||1,527,868|
|Environmental|106,805|||||106,805|
|NominatedCharities|2,483|3,957||||6,440|
|Agentsofchange|||(194,480)|253,146||58.666|
|Barclays|||||||
|NorthTyneside|||||||
|Councilgrant|5,415||(5,135)|||280|
||1,494,901|778,000|(650,988)|175,646||1,797,559|
|Totalfunds|29,023,854|4,522,438|(4,122,730)|-|(4,872,471)|<br>24,551,091|





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## 

||Unrestricted|Restricted|Total|
|---|---|---|---|
||funds|funds||
||`£`|`£`|`£`|
|Fundbalancesat31December2023arerepresentedby:||||
|Intangiblefixedassets|131,895||131,895|
|Investments|23,161,255||23,161,255|
|Currentassets/(liabilities)|1,911,284|1,835,929|3,747,213|
|Longtermliabilities|(201,220)||(201,220)|
||25,003,214|1,835,929|26,839,143|
|Fortheyearended31December2022:||||
||Unrestricted|Restricted|Total|
||funds|funds||
||`£`|`£`|`£`|
|Fundbalancesat31December2022arerepresentedby:||||
|Intangiblefixedassets|19,920||19,920|
|Investments|21,712,702||21,712,702|
|Currentassets/(liabilities)|1,190,686|1,797,559|2,988,245|
|Longtermliabilities|(169,776)||(169,776)|
||22,753,532|1,797,559|24,551,091|
|Netcashprovidedby/(usedin)operatingactivities||2023|2022|
|||`£`|`£`|
|Netincome/(expenditure)forthereportingperiod(asperthe|statementof|||
|financialactivities)||2,288,052|(4,472,763)|
|Adjustmentsfor:||||
|Investmentincomerecognisedinstatementoffinancialactivities||(566,416)|(556,186)|
|(Gain)/lossondisposalofinvestments||(2,209)|20,036|
|Net(gain)/lossonvalueofinvestments||(1,789,929)|4,852,435|
|Amortisationofintangibleassets||8,348||
|Movementsinworkingcapital:||||
|Increaseindebtors||(29,645)|(76,619)|
|Increaseincreditors||155,642|207,135|
|Netcashprovidedby/(usedin)operatingactivities||63,843|(25,962)|





## 

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## 

||1January|Cashflows31December|Cashflows31December|
|---|---|---|---|
||2023||2023|
||£|£||
|Cashatbankandinhand|3,334,234|(346,698)|2,987,536|
||3,334,234|(346,698)|2,987,536|



||Donations||
|---|---|---|
||2023|2022|
||£||
|Greggsplc|2,712,477|2,403,093|
|DirectoroftheTrustee|54,813|50,000|
|FamilymembersofadirectoroftheTrustee|99,184||
||2,866,474|2,453,093|