2022-04-05-accounts - The Grimmitt Trust

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Trustees' Annua I Report
Reference and Administrative Information
Report ofthe Independent Auditor
Statement of Financial Activities
Balance Sheet
Statement ofCash Flows
Notes tothe Financial Statements

				Unrestricted	Endowment	Total Funds	Total Funds
			Note	Funds	Funds	2022	2021
				f	f		f
							(Note 2)
Income
Investment income					371,224	371,224	303,643
Transfer between funds				371,224	(371,224)
Total income				371,224		371,224	303,643
Expenditure on charitable	activities
Children and Youth				66,255		66,255	60,475
Community				131,575		131,575	133,561
Cultural and Education				54,856		54,856	49,328
Elderly				17,087		17,087	11,906
Medical and I-Iealth				28,080		28,080	23,512
Overseas				43,787		43,787	30,803
Total expenditure			6	341,640		341,640	309,585
Net income/(expenditure)	before
gains and losses on investments				29,584		29,584	(5,942)
Net gain on investments					1,114,111	1,114,111	2,122,616
Net income and net movement		in
funds				29p584	1114111	1143p695	2116~674
Reconciliation offunds
Total funds bought forward				498 135	11696754	12~194~889	10J078g215
Total funds carried forward				527,719	12,810,865	13p338,584	12,194,889

				Unrestricted		Total Funds	Prior year
				Funds	Endowment	2022	2021
				E	E	E	f
Fixed Assets
Investments			8	385,950	12,810,865	13,196,815	12,082,704
Current Assets
Debtors			9	80,942		80p942	76,577
Cash at bank		and in hand		70,020		70,020	44,214
Total Current Assets				150,962		150,962	120,791
Liabilities
Creditors falling due within one year			10	(9,193)		(9,193)	(8,606)
Net Current		Assets		141,769		141,769	112,185
Net Assets				527,719	12,810,865	13,338,584	12,194,889
Funds
Expendable	endowment				12810865	12p810p865	1tp696~754
Unrestricted		income funds		527,719		527,719	498,135
Total Charity		Funds		527 719	12(810'865	13i338g584	12'194J889

				Note	Total funds	Prior year
					2022	2021
Cash flows from operating		activities:
Net cash used in operating		activities		12	(345,418)	(310,343)
Cash flows from investing		activities:
Interest and dividends					371,224	303,643
Proceeds from sale ofinvestments					12,477,128
Purchase of Investments					(12,477,128)
Net cash provided by investing activities					371,224	303,643
Change in cash and cash equivalents			in the year		25,806	(6,700)
Cash and cash equivalent	bought forward				44,214	50,914
Cash and cash equivalents		carried forward			70,020	44,214

				Unrestricted	Endowment	Total Funds
				Funds	Funds	2021
				f	f	f
Income
Investment	income				303,643	303,643
Transfer between funds				303,643	(303,643)
Total income				303,643		303,643
Expenditure	on charitable	activities
Children and	Youth			60,475		60,475
Community				133,561		133,561
Cultural and	Education			49,328		49,328
Elderly				11,906		11,906
Medical and	Health			23,512		23,512
Overseas				30,803		30,803
Total expenditure				309,585		309,585
Net income/(expenditure)		and net movement	in funds
before gains	and losses on	investments		(5,942)		(5,942)
Net gains on	investments				2.122616	2s122i616
Net movement in funds				(5,942)	2,122,616	2,116,674
Reconciliation	offunds
Total funds bought forward				504,077	9,574,138	10,078,215
Total funds carried forward				498,135	11,696,754	12,194,889

					Unrestricted		Total Funds
					Funds	Endowment	2021
						E	E
	Fixed Assets
	Investments				385,950	11,696,754	12,082,704
	Current Assets
	Debtors				76,577		76,577
	Investments				44,214		44,214
	Cash at bank	and in hand
					120,791		120,791
	Total Current	Assets
	Liabilities
	Creditors falling due within one year				(8,606)		(8,606)
	Net Current	Assets			112,185		112,185
	Net Assets				498,135	11,696,754	12,194,889
	Funds
	Expendable endowment					11,696,754	11,696,754
	Unrestricted	income funds			498,135		498,135
	Total Charity	Funds			498,135	11,696,754	12,194,889
4	INVESTMENT INCOME
						2022	2021
						f	f
	Accrued income at 5'" April 2021					(76,577)	(76.342)
	Income received in reporting		period			366,859	303,408
	Accrued income at 5'" April 2022					80,942	76,577
	Income recognised in the Statement			of Financial Activities		371,224	303,643
	Interest on cash deposits received
	Otherincome	received
	Totallncome					371,224	303,643

		2022	2021
Governance	Costs		E
Audit fee and	related costs	7,800	7,200
Trustee meetings		173	169
Trustee expenses
Total		7,973	7,369

Support Costs		2022	2021
		E	F.
Secretarial fee		17,438	20,075
Treasurer fee		5,570	5,570
Other support	costs	2,559	1,321
Total		25,567	26,966


Total Costs		2022	2021
			E
Governance	costs	7,973	7,369
Support costs		22,567	26,966
Total Costs		33~540	34~335

			2022	2022 Tot al	2021	2021Total
			Number of	Gran ts	Number of	Grants
			Grants		Grants
			Paid	E	Paid	E
Children	and	Youth	29	60,500	32	54,050
Community			81	115,500	78	117,900
Culture	and	Education	29	49,100	35	42,300
Elderly			8	15,500	7	10,500
Medical			13	25,500	15	20,500
Overseas			9	42,000	4	30,000
Total			169	308,100	171	275 250

			Grant	Governance	Support	2022 Total	2021Tota I
			Funding of	Costs	Costs
			Activities
			E
Children	and	Youth	60,500	1,368	4,387	66,255	60,475
Community			115,500	3,821	12,254	131,575	133,561
Culture	and	Education	49,100	1,369	4,387	54,856	49,328
Elderly			15,500	377	1,210	17,087	11,906
Medical			25,500	613	1,967	28,080	23,512
Overseas			42,000	425	1,362	43,787	30,803
Total			308,100	7,973	25,567	341,640	309,585

Summary	Grants	Grants	Paid by Recipient Type	Paid by Recipient Type	Paid by Recipient Type	Paid by Recipient Type	2022	2021
							E	E
Institutional							307,000	274,950
Individual							1,100	300
Total							308,100	275,250
Recipients of Institutional				Grants			2022	2021
							6	f
Christian Aid							30,000	20,000
Street Teams							7,500	5,000
Leamington	Music						7,000
Darlaston Youth Centre							6,000	3,000
AR We Can							5,000	10,000
RBSA							5,000	2,500
Birmingham	Women's		&	Chlldrens	Hospit	al Charity	5,000
Friends ofChristchurch			Gardens				5,000
The Hospice	Charity	Partnership					5,000
Birmingham	Hippodrome			Theatre			4,500	1,500
StAnnes Hostel							4,000	4,000
The Gap							4,000	3,000
Birmingham	Settlement						3,000	4,000
St Martins Youth Centre							3,000	4,000
Acacia							3,000	3,000
Beyond the Horizon							3,000	3,000
Birmingham	Centre	for	Arts Therapy				3,000	3,000
Birmingham	Churches Together- Restore						3,000	2,000
BUDS							3,000	2,000
Redditch Wheels Project							3,000	2,000
Dodford Children's		Farm					3,000	1,000
MWNUK							3,000	1,000
Gilgal Birmingham							3,000
InUnity							3,000
MHA Communities							3,000
Ryders Green	Methodist		Day Centre				3,000

							2022	2021
							E
The Ackers							3,000
WE:ARE - Women's Empowerment		gr	Re			covery Educators	3,000
Anawim							2,500	4,000
CBSO							2,500	2,500
Lozegs Methodist Church							2,500	2,500
Severn Valley Railway Charitable		Trust					2,500	2,500
Home From Hospital Care							2,500
Lifespring							2,500
Eve Brook scholarship Fund							2,000	4,550
The Haven Wolverhampton							2,000	3,500
Change Birmingham Brief	Therapy						2,000	2,000
Disability Resource Centre							2,000	2,000
ExCathedra (Singing Medicine)							2,000	2,000
Martineau Gardens							2,000	2,000
Queen Salote College							2,000	2,000
Royal Shakespeare Company							2,000	2,000
Spiffire Advice lk Support	Services Ltd						2,000	2,000
Sport4Life							2,MD	2,000
St Giles Hospice							2,000	2,000
Sudden Productions							2,000	2,000
Kingswood Trust							2,000	1,750
Acorns Childrens Hospice							2,000	1,500
St Richard's PCC							2,000	1,500
Support Through Court Birmingham							2,000	1,500
The Recovery Foundation							2,000	1,500
Ifakara Bakery Project							2,000	1,000
Ag Saints Youth Project							2,000
Better Pathways							2,000
Birmingham PHAB Camps							2,000
Birmingham Repertory Theatre							2,000
Edward's Trust							2,000
Entraide							2,000
Good Shepherd Services							2,000
HALOW (Birminghamj							2,000
Leaps Ik Bounds Trust							2,000
Newbigin Community Trust							2,000
NICE							2,000
Open Door Community Foundation							2,000
Sandwweg Homeless Ik Resettlement			Pr		olect		2,000
SIFA Fireside							2,000
The Cotteridge Church							2,00D
The Giving Hands Mission							2,000
The Jericho Foundation							2,000
The Springfield Project							2,000
Thrive							2,000
Wall Heath Evangelical Free Church							2,000
Wellington Methodist Church and		Centre					2,000
Wolverhampton Youth Zone							2,000
Women Acting in Today's Sociery		(WAITS					2,000
Women and Theatre							2,000
Welcome							1,500	3,000
Warley Woods Community	Trust						1,000	2,000
Woodgate Valley Urban Farm							1,000	2,000
Narthex Sparkhig								5,000
St Basils								5,00D
Sutton Coldfield YMCA								4,000
Birmingham Methodist Circuit 5/1								3,000
Birmingham St Mary's Hospice								3,000
Brierley Hill Samaritans								3,000
Cruse Bereavement Care								3,000
Home Start Birmingham North and irma				r		City		3,000
Welcome								3,000
The University ofWolverhampton								3,000
Homestart Birmingham Central &South					West			2,500
Newstarts								2,500
Age Concern Birmingham								2,000
Bethel health and Healing	Network							2,000
Birmingham City Mission								2,000

Cotteridge Church Day Centre					2,000
				2022	2021
				E	E
Dada Lane Community Association					2,000
Father Hudson's Care					2,000
Foundation of Conductive Education					2,000
Hales Homes					2,000
Holy Ascension Church					2,000
Home-start Birmingham Consortium					2,000
John Taylor Hospice					2,000
Karis Neighbour Scheme					2,000
PPPCC ofSt Marks Kingstanding	Day Centre				2,000
Sandweg Youth in Action					2,000
St Gabniel's Centre					2,000
St Paul's Community Development		Trust			2,000
Sutton Coldfield United Reformed		Church			2,00D
Way Ahead Support Services					2,000
West Midlands Quaker Peace	Education		Project		2,000
West Mildands Care Team					2,000
Grants of less than E2,000not	detailed			70,000	69,360
Total Grants				307,000	27a,gsa

	Quoted Investments		2022	2021
			E	E
	Valuation b/fwd		11,552,704	9,465,088
	Investments purchased		12,477,128
	Investments sold		(12,477,128)
	Realised gain on sale ofinvestments		924,424
	Revaluation		124,687	2,087,616
	Valuation at Year End		12~601g815	11~552~704
	Unquoted Investments
	Valuation b/fwd		530,000	495,000
	Revaluation		65,000	35,000
	Valuation at Year End		595,000	530,000
9	DEBTORS
			2022	2021
			E	E
Accrued income from investments			80,942	76,577
Investment income declared on 31"March 2022, payable		in May 2022.

10 CREDITORS	FALLING	DUE	WITHIN	ONE	YEAR
Accruals

Analysis of	Fund	Balance				Gains and	Balance
Movements		8/Fwd	Income	ExPendlture	Transfers	Ioases	C/Fwd
		E		E	E	f	f
Expendable	endowment	11,696,754	371,224		(371,224)	1,114,111	12,810,865
Unrestricted	funds	498,135		(341,640)	371,224		527,719
Total		12,194,889	371,224	341,640		1,114,111	13338,584

			2022	2021
				E
Net movement in funds			1,143,695	2,116,674
Investment dividends	and	interest received	(371,224)	(303,643)
Deduct (gains) / add	back	losses on investments	(1,114,111)	(2,122,616)
Decrease / (increase)	in debtors		(4,365)	(235)
Increase/(decrease)	in creditors		587	(523)
Net cash used in operating		activities	(345,418)	(310,343)

Trustees'	Annual Report
Reference	and Administrative Information
Report of	the Independent Auditor
Statement	ofFinancial Activities
Balance Sheet
Statement	ofCash Flows
Notes to the Financial Statements

				Unrestricted	Endowment	Total Funds	Total Funds
			Note	Funds	Funds	2022	2021
				f	f	f	f
							(Note 2)
Income
Investment income					371,224	371,224	303,643
Transfer between funds				371,224	(371,224)
Total income				371,224		371,224	303,643
Expenditure on charitable	activities
Children and Youth				66,255		66,255	6D,475
Community				131,575		131,575	133,561
Cultural and Education				54,856		54,856	49,328
Elderly				17,087		17,087	11,906
Medical and Health				28,080		28,080	23,512
Overseas				43,787		43,787	30,8D3
Total expenditure			6	341,640		341,640	309585
Net income/(expenditure)	before
gains and losses on investments				29,584		29,584	(5,942)
Net gain on investments					1,114,111	1,114,111	2,122,616
Net income and net movement		in
funds				29,584	1,114,111	1,143,695	2,116,674
Reconciliation offunds
Total funds bought forward				498,135	11,696,754	12,194,889	10,078,215
Total funds carried forward				527,719	12,810,865 '	13,338,584	12,194,889

				Note	Unrestricted		Total Funds	Prior year
					Funds	Endowment	2022	2021
							E	E
Fixed Assets
Investments				8	385,950	12,810,865	13,196,815	12,082,704
Current Assets
Debtors				9	80,942		80,942	76,577
Cash at bank		and	in hand		70,020		70,020	44,214
Total Current Assets					150,962		150,962	120,791
Liabilities
Creditors falling due within one year				10	(9,193)		(9,193)	(8,606)
Net Current		Assets			141,769		141,769	112,185
Net Assets					527,719	12,810,865	13,338,584	12,194,889
Funds
Expendable	endowment					12,810,865	12,810,865	11,696,754
Unrestricted		income funds			527,719		527,719	498,135
Total Charity		Funds			527 719	12810865	13 338584	12'194J889

				Note	Total funds	Prior year
					2022	2021
					6	6
Cash flows from operating		activities:
Net cash used in operating		activities		12	(345y418)	(310p343)
Cash flows from investing		activities:
Interest and dividends				4	371,224	303,643
Proceeds from sale ofinvestments				8	12,477,128
Purchase ofInvestments				8	(12,477,128)
Net cash provided by investing activities					371~224	303g643
Change in cash and cash equivalents			in the year		25,806	(6,700)
Cash and cash equivalent	bought forward				44,214	50p914
Cash and cash equivalents		carried forward			70,020	44,214

				Unrestricted	Endowment	Total Funds
				Funds	Funds	2021
				f	f	f
Income
Investment income					303,643	303,643
Transfer between funds				303,643	(303,643)
Total income				303,643		303,643
Expenditure	on charitable	activities
Children and	Youth			60,475		60,475
Community				133,561		133,561
Cultural and	Education			49,328		49,328
Elderly				11,906		11,906
Medical and	Health			23,512		23,512
Overseas				30,803		30,803
Total expenditure				309,585		309,585
Net income/(expenditure)		and net movement	in funds
before gains	and losses on	investments		(5,942)		(5,942)
Net gains on	investments				2,122,616	2,122,616
Net movement in funds				(5,942)	2,122,616	2,116,674
Reconciliation	offunds
Total funds bought forward				504,077	9,574,138	10,078,215
Total funds carried forward				498 135	11696754	12p194i889

			Unrestricted		Total Funds
			Funds	Endowment	2021
	Fixed Assets
	Investments		385,950	11,696,754	12,082,704
	Current Assets
	Debtors		76,577		76,577
	Investments		44,214		44,214
	Cash at bank and in hand
			120,791		120,791
	Total Current Assets
	Liabilities
	Creditors falling due within one year		(8,606)		(8,606)
	Net Current Assets		112,185		112,185
	Net Assets		498,135	11,696,754	12,194,889
	Funds
	Expendable endowment			11,696,754	11,696,754
	Unrestricted income funds		498,135		498,135
	Total Charity Funds		498,135	11,696,754	12,194,889
4	INVESTMENT INCOME
				2022	2021
				f
	Accrued income at 5'" April 2021			(76,577)	(76.342)
	Income received in reporting	period		366,859	303,408
	Accrued income at 5'" April 2022			80,942	76,577
	Income recognised in the Statement of Financial Activities			371,224	303,643
	Interest on cash deposits received
	Other income received
	Total Income			371,224	303,643

			2022	2021
Governance Costs			f	f
Audit fee and related costs			7,800	7,200
Trustee meetings			173	169
Trustee expenses
Total			7,973	7,369
one ofthe Trustees received	any remuneration	in their capacity as	Trustee. No expenses were paid to Trustees
2022 (2021:0).
Support Costs			2022	2021
			f	f
Secretarial fee			17,438	20,075
Treasurer fee			5,570	5,570
Other support costs			2,559	1,321
Total			25,567	26,966
her support costs comprise	general day-to-day	expenses incurred	in the operation ofthe trust and grant giving
ivities.
Total Costs			2022	2021
			f	f
Governance costs			7,973	7,369
Support costs			22,567	26,966
Total Costs			33,540	34335

		2022	2022 Total	2021	2021Total
		Number of	Grants	Number of	Grants
		Grants		Grants
		Paid	f	Paid
Children	and Youth	29	60,500	32	54,050
Community		81	115,500	78	117,900
Culture and Education		29	49,100	35	42,300
Elderly		8	15,500	7	10,500
Medical		13	25,500	15	20,500
Overseas		9	42,000	4	30,000
Total		169	308,100	171	275,250

		Grant	Governance	Support	2022 Total	2021Tota I
		Funding of	Costs	Costs
		Activities
		f			f	6
Children	and Youth	60,500	1,368	4,387	66,255	60,475
Community		115,500	3,821	12,254	131,575	133,561
Culture and Education		49,100	1,369	4,387	54,856	49,328
Elderly		15,500	377	1,210	17,087	11,906
Medical		25,500	613	1,967	28,080	23,512
Overseas		42,000	425	1,362	43,787	30,803
Total		308,100	7r973	25,567	341,640	309,585

Summary Grants Paid by Recipient Type	Summary Grants Paid by Recipient Type	Summary Grants Paid by Recipient Type	Summary Grants Paid by Recipient Type	Summary Grants Paid by Recipient Type	Summary Grants Paid by Recipient Type	2022 f	2021 f
Institutional						307,000	274,950
Individual						1,100	300
Total						308,100	275,250
Recipients ofinstitutional			Grants			2022	2021
						6	6
Christian Aid						30,000	20,000
Street Teams						7,500	5,000
Leamington Music						7,000
Darlastoo Youth Centre						6,000	3,000
ABWeCan						5,000	10,000
RBSA						5,000	2,500
Birmingham Women's		&	Childrens	Hospit	al Chanty	5,000
Friends ofChristchurch		Gardens				5,000
The Hospice Charity	Partnership					5,000
Birmingham Hippodrome			Theatre			4,500	1,500
StAnnes Hostel						4,000	4,000
The Gap						4,000	3,000
Birmingham Settlement						3,000	4,000
St Martins Youth Centre						3,000	4,000
Acacia						3,000	3,000
Beyond the Horizon						3,000	3,000
Birmingham Centre	for	Arts Therapy				3,000	3,000
Birmingham Churches Together - Restore						3,000	2,000
BUDS						3,000	2,000
Redditch Wheels Project						3,000	2,000
Dodford Children's	Farm					3,000	1,000
MWNUK						3,000	1,000
Gilgal Birmingham						3,000
Inunity						3,000
MHA Communities						3,000
Ryders Green Methodist		Day Centre				3,000

				2022	2021
				E
The Ackers				3,000
WE:ARE - Women's Empowerment			&Recovery Educators	3,000
Anawim				2,500	4,000
CBSO				2,500	2,500
Lozegs Methodist Church				2,500	2,500
Severn Valley Railway Charitable		Trust		2,500	2,500
Home From Hospital Care				2,500
Lifespring				2,500
Eve Brook Scholarship Fund				2,000	4,850
The Haven Wolverhampton				2,000	3,500
Change Birmingham BriefTherapy				2,000	2,000
Disability Resource Centre				2,000	2,000
ExCathedra (Singing Medicine)				2,000	2,DOO
Martineau Gardens				2,000	2, DOO
Queen Salote College				2,000	2,000
Royal Shakespeare Company				2,000	2,000
SpitFire Advice &Support	Services Ltd			2,000	2,000
Sport4Life				2,000	2,000
StGiles Hospice				2,000	2,000
Sudden Productions				2,000	2,000
Kingswood Trust				2,000	1,750
Acorns Childrens Hospice				2,000	1,500
St Richard's PCC				2,000	1,500
Support Through Court Birmingham				2,000	1,500
The Recovery Foundation				2,000	1,500
Ifakara Bakery Project				2,000	1,000
All Saints Youth project				2,000
Better Pathways				2,000
Birmingham PHAB Camps				2,000
Birmingham Repertory Theatre				2,000
Edward's Trust				2,000
Entraide				2,000
Good Shepherd Services				2,000
HALOW (Birmingham)				2,000
Leaps &Bounds Trust				2,000
Newbigin Community Trust				2,000
NICE				2,000
Open Door Community Foundation				2,000
Sandwweg Homeless & Resettlement			Project	2,000
SIFA Fireside				2,000
The Cotteridge Church				2,000
The Giving Hands Mission				2,000
The Jericho Foundation				2,000
The Springfield Project				2,000
Thrive				2,000
Wall Heath Evangelical Free Church				2,000
Wellington Methodist Church and		Centre		2,000
Wolverhampton Youth Zone				2,000
Women Acting in Today's Sociery		(WAITS)		2,000
Women and Theatre				2,000
Welcome				1,500	3,000
Warley Woods Community	Trust			1,000	2,000
Woodgate Valley Urban Farm				1,000	2,000
Narthex Sparkhig					5,000
St Basils					5,000
Sutton Coldfield YMCA					4,000
Birmingham Methodist Circuit 5/1					3,000
Birmingham St Mary's Hospice					3,000
Brierley Hill Samaritans					3,000
Cruse Bereavement Care					3,000
Home Start Birmingham North and Inner City					3,000
Welcome					3,000
The University ofWolverhampton					3,000
Homestart Birmingham Central &		South West			2,500
NewStarts					2,500
Age Concern Birmingham					2,000
Bethel health and Healing	Network				2,000
Birmingham City Mission					2,000

Cotteridge Church Day Centre					2,000
				2022	2021
				f	E
Dada Lane Community Association					2,000
Father Hudson's Care					2,000
Foundation ofConductive Education					2,000
Hales Homes					2,000
Holy Ascension Church					2,000
Home-start Birmingham Consortium					2,000
John Taylor Hospice					2,000
Karis Neighbour Scheme					2,000
PPPCC ofStMarks Kingstanding	Day Centre				2,000
Sandwell Youth in Action					2,000
StGabriel's Centre					2,000
St Paul's Community Development		Trust			2,000
Sutton Coldfield United Reformed		Church			2,000
Way Ahead Support Services					2,000
West Midlands Quaker Peace Education			Project		2,000
West Mildands Care Team					2,000
Grants ofless than E2,0DO not	detailed			70,000	63,350
Total Grants				307,000	274,960

Quoted Investments		2022	2021
		f	F.
Valuation b/fwd		11,552,704	9,465,088
Investments purchased		12,477,128
Investments sold		(12,477,128)
Realised gain on sale ofinvestments		924,424
Revaluation		124,687	2,087,616
Valuation at Year End		12,601,815	11,552,704
Unquoted Investments
Valuation b/fwd		530,000	495,000
Revaluation		65,000	35,000
Valuation at Year End		595,000	530,000
9 DEBTORS
		2022	2021
		f	E
Accrued income from investments		80,942	76,577
Investment income declared on 31"March 2022, payable	in May 2022.
10 CREDITORS FALLING DUE WITHIN ONE YEAR
		2022	2021
		f	E
Accruals		9,193	8,606