CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0610412023 Period start date To 510412024 Period end dats Charity name: THE GRUMITT CHARITABLE TRUST Charity registration number: 529912 Objectives and Activities SORP reference Summary of the purposes of the charity as set out in its governing document Pard 1.17 In accordance with the terms of the Trust, provides scholarship and grants to pupils attending Stoneyhurst College, St Ignatius College and St Aloysius College The Trustees are satisfied that these purposes remain charitable favouring those attending Stoneyhurst College. St Ignatius College & St Aloysius College Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities. projects or services identified in the accounts. statement Confi1ng whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1_17 and 1.19 Para 1.18 The Trustees have complied with the duty in Section 4 of the Charity Act 2006 to have due regard to public benefit guidance published by the Charity Commission. Additional inforniation (optional) You ma choose to include further statements Whe relevant about: SORP refererKe Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers The Investment Portfolio is fully managed a firni of Inveslment Mana ers. Due to Other
changes in processes investment transactions fomierly processed through the Trusfs accounts are now handled by Investment Managers. We have therefore reflected this in the Statement of Balances and have reinstated the 2023 fi ures. Achievements and Performance Make income payments to various pupils attending Stoneyhurst College, St Ignatius College & St Aloysius College (Reg charity no 529912) in accordance with the terms of the of Trust. Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circurnstances of its beneficiaries and any wider benefrts to society as a whole. Para 1.20 Additional information (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Parn 1.41 Investment performan agair)st objectives Para 1.41 Other
Financial Review Review of the charity's financial position at the end of the period Pafa 1.21 The trust's assets consist entirely of a professionally managed investments portfolio. The capital is held permanently in Trust, but all income is paid to Stoneyhurst College, St Ignatius College & St Aloysius College . The Trustee is satisfied with the mana ement of the investments. The Trustees do not have a policy on reseNes. Statement explaining the policy for holding reserves statin are held Amount of reserves held Reasons for holding zero reserves Para 1.22 Para 1.22 Zero This is a simple Trust invested in a professionally managed portfolio. Trust dS not have any activities for which reserves would be re uired. None Para 1.22 Details of fund materially in deficit Explanation of any UnrtaIntieS about the charity continuing as a going concern Para 1.24 Para 1.23 None Additlonal infomiation (optional) You ma choose to indude further statements where relevant about. The charity's principal SoUrS of funds (including any fundraising) Parn 1.47 Investment policy and objectives including any social investrnent policy adopted Para 1_46 A description of the principal risks facing the charity Para 1.46 Other
Structure, Governance and Management Description of charity's trusts= Type of governing document {iriibl cla2(J, roijal charter) How is the charity constituted? (e.g LiniiiLorporaled association, CIO Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 The Grumitt Charitable Trust Will Dated 27 January 1964. Tnjst Para 1.25 Para 1.25 Trustees are appointed in accordance with the Will and Trust law. Additional information (optional) You ma choose to include further statements where relevant alx)ut: Policies and procedures adopted for the induction and training of trustees Pafa 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1_51 Other Reference and Administrative details Charit name Other name the chari uses Re istered charit number Charity's principal address The Grumitt Trust 529912 Lloyds Bank Private Banking UK Trust Centre The Clock House 22-26 Ock Street Abingdon OX14 SSW
Names of the charity trustees who manage the charity Dates acted rf not for wholo ear Trustee name Office (if any) Name of person lor body} entilled toa oint trustee ifan Lloyds Bank plc John Grumitt 10 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re Director name ortwasa roved See Lloyds Bank plc website Name of trustees holding title to woperty belonging to the charity Trustee name Dates acted if not for whole ear Llo ds Bank Ic.
Funds held as custodian trustees on behalf of others Description of the assets NIA held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltional information (optional) Names and addresses of advisers (Optional infonnation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional infonnation) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional inforniation
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Slgnature(s) Full name(s) Posltion (eg Secretary. Chair, etc) Simon Poyser Trustee Date 1510112025
CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE GRUMITh CHARITABLE TRUST On accounts for the year ended 0510412024 Charity no (if any) 529912 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Yhe Trusf) for the year ended 0510412024. Responsibilities and As the chaiity trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordan with the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed Ihe applicable Directions given by the Charty Commission undei section 145(5)(b) of the Act. I have completed my examination. I cOnfin that no material matters have come to my attention (other than that disclosed below ') in connection with the examinalion which gives me cause to believe that in. any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. . Please delete the words in the brackets rf they do not apply. Date: 5 February 2025 Signed: Name: R L H CRAWFORD BA CA CTA Relevant professional qualification(s) or body (if any): MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS OF SCOTLAND Address: JEFFREY CRAWFORD & CO 25 CASTLE TERRACE EDINBURGH. EH12ER IER October 2018
Section B Disclosure Only complete rf the examiner needs to highlight matters of conrn (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brlef details of any items that the examiner wlshes to disclose. IER October 2018
iei:nii THE GRUM1 CHARITABLE TRUST Receipts and payments accounts CC16a For the period from To 0510412024 Section A Receipts and payments Unrestricted funds Restrlcted funds Endowment funds IRestated} Total funds Last year restaled to the nearnst to tho near•st£ to the nearest £ to the nreSt £ to the noarest £ A1 Rocelpts Income from investments 0r than Land and buildings S2 52 149.539 899 Sub total (Gross inGome for AR) 52 52 150.438 A2 Asset and investment sales. (see table). PrOed$ sale of inveslments 58.061 $8.061 58,061 58,061 34.711 34,711 Sub total Total receipts 58,113 58.113 185,149 A3 Payments Grants and donati( Audittindependenl exarninakn.on Investment management costs Truslees fees IrNeslec funds no Jonger mangeil thr(wh oui accounts Payment lo Inveslec re In¢Lwne Disth"bulion Tran51er from investec 9QOOO 98.000 131.250 44.651 69.524 69.524 Sub total 69.968 167.968 17S.901 A4 Asset and Investment purchases, (see table) Pw¢hase of invesknenls Sub total Total payments 69.968 167,968 131,250 Net of receipts/(payments) A5 Transfers betw88n funds A6 Cash funds last year end Cash funds this year end 39.887 41,061 81,922 974 69.968 41.061 35,610 6,703 109.855 53,899 117,532 7,677 63.633 117,532 CCXX R1 accounts (SS) 0610212025
Section B Statement of assets and liabilities at the end of the period Unrestrlcted funds Rgstricted funds Endowment funds Restated) to neaTeBt £ Categories Details to nrest£ to nerest£ B1 Cash funds 974 Cash acount 6.703 Total cash funds 974 6.703 counrfsl) Unrestricted funds to De•rnt£ Endowment funds to n$t£ funds to no•rnst£ Details Fund to which asset belon Expendable Endovfflnt Cost loptionall Current value tlomal 7.564.330 Details Yik10 Wdlue B3 Investrnent assets Fund to which asset belon Details Cost loptionall Current value ona B4 Assets retained for the charity's own use Fund to which Amount due lonal When due tlona Details B5 Liabilities Signed by one or two tnjstees on behalf of all th8 trustees Signature Date of roval Print Name Simon P er Trust Manager 1310112025 CCXX R1 accounts {SSI C610212025