THE NEwfoN CHARITABLE TRUST
FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024

THE NEwfoN CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
cO￿rENTs
Page
Legal & Administrative Details
Trustees, Report
Independent Examiners, Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-17

THE NEWTON CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE DETAILS
Full Name
The Ne￿on Charitable Trust
Governing Instrument
Trust Deed dated 12 June 1992
Charity Registration Number
1012140
Trustees
Reverend Sir G P H Newton
2 Cranmore Lane
Aldershot
Hampshire GU113AS
Lady J L Newton
2 Cranmore Lane
Aldershot
Hampshire GU113AS
K J Bruce-smith Esq
Sinclair Gibson
3 Lincoln's Inn Fields
London WC2A 3AA
Address of Principal Office
2 Cranmore Lane
Aldershot
Hampshire GU113AS
Bankers
National Westminster Bank PIC
12 Whitegate Drive
Blackpool
Lancashire FY3 9AG
Accountants and Independent Examiners
Westcotts
Chartered Accountants
Timberly
South Street
Axminster
Devon EX13 SAD
Solicitors
Sinclair Gibson
3 Lincoln's Inn Fields
London WC2A 3AA
Investment Advisers
Evelyns
25 Moorgate
London EC2R 6AY

THE NEWTON CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their report along with the Financial Statements of the Charity for the year ended 30
June 2024. The Financial Statements have been prepared in accordance with the accounting policies set out
on page 8 and comply with the Charities Trust Deed and Applicable Law.
HISTOR Y OBJECTIVES AND ACTIVITIES OF THE TRUST
The Newton Charitable Trust is constituted under its Trust Deed on 12 June 1992 and is a registered charity,
number 1012140.
The objects of the Charity are to hold the capital and income of the Trust Fund for charitable purposes and to
make such charitable donations as they see fit.
The Trust Deed gives the trustees the power to apply the funds in such a manner as they think fit, to or for the
benefit, of any charitable object or purpose. The trustees currently have a policy of supporting three types of
activity: religious organisations; organisations providing education and training; and the relief of poverty and
overseas aid.
The trustees identify projects and organisations they wish to support and so the Trust does not make grants to
people or organisations who apply speculatively. The Trust also has a policy of not responding to any
correspondence unless it relates to grants it has agreed to make or to the general management of the Trust.
MANAGEMENT AND GOVERNANCE ARRANGEMENTS
The Trust Deed provides for a minimum of 3 trustees. Were there a requirement for new trustees, these
would be identified and appointed by the remaining trustees. The chair of trustees is responsible for the
induction of any new trustee which involves awareness of a trustee's responsibilities, the governing document,
administrative procedures, the history and philosophical approach of the charity. A new trustee would receive
copies of the previous year's annual report and accounts and a copy of the Charity Commission leaflet The
Essential Trustee: What You Need To Know" The existing trustees have held office for over 10 years.
The trustees annually review the risks that the charity faces. To date these have mainly related to investment
management and these have been ameliorated by diversified portfolio management . In looking to the future.
trustees have also recently become aware of risks associated with making grants (for example fraud and
charities seeking two grants for the same project) as more money becomes available.
PROCEDURES AND POLICY FOR GRANT MAKING
The trustees normally meet quarterly to consider what grants they will make and to review any feedback they
have received. Nominations for grants are elicited by informal means. The trustees use knowledge gained to
support the work of the charity and to inform grant making.

THE NEwfoN CHARITABLE TRUST
TRUSTEES. ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 30 JUNE 2024
PROCEDURES AND POLICY FOR GRANT MAKING
continued
Though the trustees make grants with no formal application, they normally ask invited organisations to submit
a formal application saying how the funds would be used and what would be achieved. The trustees have a
policy, which is communicated to all beneficiaries, that they make only one off grants with no guarantees of
future funding.
The trustees always seek feedback on the actual use of the grants given and the achievements made,
including those given to individuals. The explanations and feedback received are sufficient for monitoring the
quality of the grants made.
FINANCIAL REVIEW INVESTMENT POLICY AND RESERVES
The investment income for the year totalled £8,996 net of tax.
Direct charitable expenditure totalled £4,990 on donations to charitable organisations. Administration
expenses totalled £2,943 with the net incoming resources for the year being £1,063. The Chairty also
received exceptional income of £158,534, in the form of money and investments.
Unrealised profits on investments in the year of £52,618 have been recognised following the increase in the
stock markets in the year. The investments have been re-valued in accordance with the Statement of
Recommended Practice.
Disposals of investments arose in the year with realised profits of £6,167.
The net assets at 30 June 2024 totalled £450,027 compared to £231,645 last year.
There are no restrictions on the Charity's Power to Invest. The investment strategy is set by the Trustees and
takes account of recent demands for funds and the quality of the funding applications. The Trustees consider
the income requirements, the risk profile and the strategies currently set with a view to minimising risk.
It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the charity. The
level of reserves held at 30 June 2024 is in line with the policy and is largely tied up in investments which will
generate income to continue making grants
The Trustees have examined the major strategic, business and operational risks which the Charity faces and
confirm that systems have been established to enable regular reports to be produced so that necessary steps
can be taken to lessen any risks arising.
The net assets at 30 June 2024 are considered available and adequate to meet the Charity's needs.
FUTURE PLANS
The Trustees intend to continue providing grants in a similar way to the recent past continuing the emphasis
on those areas of giving but retaining flexibility as to the timing, and scale of grant making.

THE NEwfoN CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 30 JUNE 2024
PUBLIC BENEFIT
The Trustees confirm that they have complied with the requirements of Section 17 of the Charities Act'2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

THE NEWTON CHARITABLE TRUST
TRUSTEES, ANNUAL REPORT CONTINUED
FOR THE YEAR ENDED 30 JUNE 2024
STA TEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees, Report and the financial statements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
Charity law requires the trustees to prepare financial statements for each financial year which show a true
and fair view of the state of affairs of the charity and its financial activities for that period. In preparing
those financial statements, the trustees are required to:
Q Select suitable accounting policies and then apply them consistently;
Q Observe the methods and principals in the Charities SORP;
¢ Make judgements and estimates that are reasonable and prudent;
Q State whether applicable accounting standards and statements of recommended practice have
been followed subject to any departures disclosed and explained in the Financial Statements; and
Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operational existence.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial
Statements comply with the Charities Act 2011 The Charities (Accounts and Reports) Regulation, 2008,
and the provisions of the constitution. They are also responsible for safeguarding the assets of the
Charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approved by the Trustees and signed on their behalf by:
Reverend Sir G P H
ewton
J L Newton
K J Bruce-smith Esq
Zs 4pol 2025

THE NEWTON CHARITABLE TRUST
INDEPENDENT EXAMINERS, REPORT
TO THE TRUSTEES OF THE NEWTON CHARITABLE TRUST
I report to the Trustees on my examination of the accounts of The Newton Charitable Trust
(the Trust) for the year ended 30 June 2024, which are set out on pages 6 to 17.
Responsibilities and Basis of Report
As the Charity Trustees of the Trust, you are responsible for the preparation of the accounts
in accordance with the requirements of the Charities Act 2011 ('The Act,).
I report in respect of my examination of the Trustee's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examlners Statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
{1) accounting records were not kept in respect of the Trust as required by section 130 of
the Act; or
(2) the accounts do not accord with those records", or
(3) the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a 'true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
Gifford-England ACA
dependent Examiner
estcotts
Chartered Accountants
Timberly
South Street
Axminster
Devon EX13 SAD
Date:
11 Apfjl 2015

THE NEwfoN CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2024
2024
Note
UNRESTRICTED FUND
Income and Endowments From
Shaw C Trust
119
Investment Income
Dividends
Gross Income
Interest on Stockbrokers Deposit Account
Bank Deposit Interest
Accrued Income
8,061
75
712
39
(101
6,741
83
19
{9)
Total
8,996
6,840
Expendlture On
Charitable Activities
Grants
4,990
4,550
Support Costs
Stockbroker Management Fees
Accountancy Fees (Governance)
1,415
1,528
1,252
1,429
7,933
7,231
Net Income/(Expenditure) for the Year
1,063
(391)
Exceptional Income from
JMFinn
96,845
Donated Investments
Other Recognised Gains and Losses
Realised Profit on Investment Assets
Unrealised ProfiV(Loss) on Investment Assets
Total ProfiU(Loss) on Disposal or Revaluation
61,689
6,167
52,618
902
(1 ,280)
58,785
(378)
Net Movement in Funds for the Year
218,382
(769)
Fund Balances Brought Forward at 1 July 2023
231 ,645
232,414
Fund Balances Carried Fonvard at 30 June 2024
450,027
231,645

THE NEWTON CHARITABLE TRUST
BALANCE SHEET
AS AT30 JUNE 2024
2024
2023
Note
INVESTMENTS
Quoted Investments
423,259
220,212
CURRENT ASSETS
Bank Current Account
Bank Capital Reserve Account
Stockbroker's Investment Account
Stockbroker's Dividend Account
5,667
2,767
19,976
235
3,400
2,728
6,922
128
28,645
13,178
Liabilitles - Amounts Falling
Due Within One Year
Accruals
1,877)
(1,745)
Net Current Assets
26,768
11,433
Net Assets
450,027
231 ,645
Income Funds
Unrestricted Fund
450,027
231,645
The notes on pages 9 to 17 form an integral part of these Financial Statements.
Approved by the Trustees on 2s Ao-il £OZS
Reverend Sir G P H Newton
La
J L Newton
K J Bruce-smith Esq

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
ACCOUNTING POLICIES
a) Basis of Pre
aration
The financial statements have been prepared on the historic cost convention with the
exception that investments are valued at market value, and in accordance with the
Statement of Recommended Practice
Accounting and Reporting by Charities
(SORP 2019), the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland (FFIS102) and the Charities Act 2011.
b) Donations
Cash donations and gifts are included in full in the Statement of Financial Activities as
soon as they are received.
Donations and investments are included in the Statement of Financial Activities when
they are received at their market value at the time of receipt.
c) Investment Income
Dividends are included in the Statement of Financial Activities when they are received
at an amount which excludes any tax credit arising.
Interest receivable from banks and other sources are included in the Statement of
Financial Activities on receipt.
d) Investments and Investment Gains and Losses
Stocks and shares quoted on the London Stock Exchange are included at their
Market Value at the Balance Sheet date.
Profits and losses arising on the disposal of investments and unrealised gains and
losses on investments held at the Balance Sheet date are included in the Statement
of Financial Activities.
No unquoted investments are held.
e) Grants
Grants are made at the discretion of the Trustees to organisations and Charities
which the Trustees consider meet with the objectives of the Trust.
enditure
All expenditure is accounted for on an accruals basis.
g) Goln
Concern
The Trustees consider that there are no material uncertainties about the Charity's
ability to continue as a going concern.

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Date
Gross
DIVIDENDS
UK Dividends
Alliance Witan PIC
28.03.24
28.06.24
03.05.24
31.07.23
31.10.23
31.01.24
30.04.24
31.07.23
31.10.23
31.01.24
30.04.24
12.10.23
17.04.24
23.02.24
24.05.24
11.01.24
30.09.23
31.03.24
13.07.23
12.10.23
11.01.24
11.04.24
31.07.23
31.01.24
05.10.23
16.05.24
05.10.23
14.05.24
31.08.23
27.09.23
29.12.23
27.03.24
26.06.24
31.07.23
31.10.23
31.01.24
30.04.24
26.09.23
06.06.24
85.59
89.37
106.50
433.61
44.31
53.07
34.59
84.02
87.18
90.57
86.77
127.84
83.33
100.50
103.50
16.00
130.81
31.90
62.16
62.16
62.16
71.04
114.94
78.75
9.99
23.31
66.56
144.31
11.41
55.77
55.77
55.88
56.43
114.30
116.10
117.45
124.65
82.80
212.14
Beazley PIC
Blackrock Continental Europe
Blackrock Fund Manager
Diageo PIC
Edinburgh Investment Trust
Findlay Park American Smaller Co's
First State Asia Pacific Leaders
Glaxosmithkline PIC
Guinness Asset Management Funds PIC
Haleon PIC
Intercontinental Hotels PIC
Ishares US $Corp BD
JP Morgan AM UK Ltd
Legal & General Group
C/Fwd
3,487.54
10

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Date
Gross
DIVIDENDS (CONTINUED)
B/Fwd
3,487.54
M & G Global Dividend fund
Maitland Inst Services Ltd
31.05.24
31.08.23
30.11.23
29.02.24
31.05.24
20.05.24
09.08.23
11.01.24
15.09.23
24.05.24
21.09.23
18.04.24
18.09.23
20.12.23
25.03.24
24.06.24
17.07.23
12.10.23
31.12.23
12.01.24
12.04.24
25.08.23
24.11.23
29.02.24
23.05.24
21.09.23
08.03.24
04.08.23
04.08.23
16.11.23
14.02.24
16.05.24
31.08.23
08.12.23
22.03.24
07.06.24
201.82
88.57
94.57
89.66
91.47
182.75
337.65
174.21
107.24
162.26
275.34
407.54
86.20
86.82
88.77
88.90
46.14
55.92
0.88
54.67
58.70
111.72
111.72
111.72
111.72
304.65
90.00
7.27
82.73
90.90
90.90
90.90
74.00
74.30
72.94
73.48
Murray Internatioanl Trust PIC
National Grid
Reckitt & Benckiser PIC
Rio Tinto PIC
Royal Dutch Shell
SEI Global Master Fund PIC
Sequoia Economic Infrastructure
Scottish & Southern Energy PIC
Supermarket Income REIT PIC
Unilever PIC
CIFwd
7,766.57

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMEwfs (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Dale
Gross
B/Fwd
7,766.57
DIVIDENDS (CONTINUED)
Warehouse REIT PIC
07.07.23
06.10.23
29.12.23
02.04.24
73.60
73.60
73.60
73.60
8,060.97
Gross Income
Gross
Treasury Stock 0.125°/9 2029
22.09.23
22.03.24
22.10.23
22.04.24
31.07.23
03.01.24
2.96
2.99
26.00
26.00
8.75
8.75
Treasury Stock 1°/9 2024
Treasury Stock 0.25 % 2025
75.45
Accrued Income
Treasury Stock 0.125 /. 2028
Treasury Stock 0.250/0 2031
(3.33)
6.66
(9.99
12

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR YEAR ENDED 30 JUNE 2024
Market Unrealised
Value Gainl
Loss
Holdin
Cost
INVESTMENTS
UK Equities
Alliance Witan PIC
Ord 25p Shares
Alphabet Inc
Capital Stock
Beazley PIC
Ord 5p Shares
Blackrock Continental Europe
Income Units
Blackrock Fund Managers Ltd
Corporate Bond
Diageo PIC
Ord 28 1011108p Shares
Edinburgh Investment Trust PIC
Ord 25p Shares
Findlay Park American Smaller Co's
Units
First State Asia Pacific Leaders
Accum Units
Glaxosmithkline PIC
Ord 0.3125p Shares
Guinness Asset Management
Global Equity Trust
Haleon PIC
Ord 1 p Shares
Intercontinental Hotels PIC
Ord 15.80p Shares
Ishares US $ Corp BD
Shares
J P Morgan AM UK Ltd
Ord £1 Shares
Legal & General Group
Ord 25p Shares
M & G Global Dividend fund
Global Equities
Maitland Inst Servs Ltd
Twenty 4 Dyn Bond
Microsoft Corp Com
Overseas Equities
Murray International Trust PIC
Ord 5p Shares
C/Fwd
1,350
3,712
16,362
12,650
50
7,055
7,203
148
750
3,818
5,310
1,492
14,500
21,906
27,430
5,524
£8,300
9,361
8,097
(1 ,264)
260
2,171
6,473
4,302
1,500
9,807
10,890
1,083
150
4,097
25,616
21,519
2,750
14.125
29,708
15,583
444
2,268
6,791
4,523
350
6,668
10,698
4,030
555
529
1,790
1,261
172
4,551
14,321
9.770
1,100
6,277
4,619
{1 ,658)
4,500
6,838
20,457
13,619
1,450
4,052
3,291
(761)
4,500
10,199
14,712
4,513
65
7,351
6,322
(1,029)
25
9.006
8,837
(169}
4,250
10,219
10,731
512
144,010
239,658
95,648
13

THE NEwfoN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CO￿riNuED)
FOR YEAR ENDED 30 JUNE 2024
Market Unrealised
Value Gain/(Loss)
Holdin
Cosl
Blfwd
144,010
239,658
95,648
National Grid
Ord 11.395p Shares
Ninety One Funds Series
Divirsified Income
Novo Nordisk
Overseas Equities
Reckitt & Benckiser PIC
Ord 10.5263p Shares
Rio Tinto PIC
Ord 1 Op Shares
Royal Dutch Shell PIC
Ord B Euro Shares
Sanlam Global Artifical Intelligence
Global Equities
Schnieder Electric
Ord 20p Shares
Scottish Mortgage Inv Trust
Ord 5p Shares
Scottish & Southern Energy PIC
Ord 50p Shares
SEI Global Master Fund PIC
Income Fund
Sequoia Economic Infrastructure
Income Fund
SSGA Spdr ETFS Europe
Overseas Equities
Supermarket Income REIT PIC
Ord 1 p Shares
Unilever PIC
Ord 3.1111p Shares
Vaneck UCITS ETFS
Overseas Equities
Veolia Environment
Ord Eur 13.5
Warehouse REIT PIC
Ord 1 p Shares
Zoetis Inc Com
0.01 USD
1,159
8,680
10,229
1,549
11,000
9,927
9,909
(18)
70
7,910
8,003
93
140
859
5,995
5,136
200
1,711
10,402
8,691
330
1,783
9,352
7,569
3,000
10,214
10,641
427
200
7.686
7,617
(69)
1,475
6,521
13,042
6,521
450
3,018
8,053
5,035
400
5,353
5,672
319
6,500
7,029
5,200
(1,829)
25
10,185
10,862
677
6.000
7.077
4,350
{2,727)
200
2,497
8,690
6,193
225
8,720
8,180
(540)
625
7,831
7,402
(429)
4,600
7,053
3,731
(3,322)
60
8,214
8,223
C/Fwd
266,278
395,211
128,933
14

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR YEAR ENDED 30 JUNE 2024
Markel Unrealised
Value Gainl
Loss
Holdin
Cost
BIFwd
266,278
395,211
128,933
Fixed Interest
Treasury Stock
0.25 /0 Treasury Gilt 2031
Treasury Stock
0.1250/. Index Linked 2029
Treasury Stock
0.125 % Treasury Gilt 2028
Treasury Stock
0.250/. Treasury Gilt 2025
£10,000
7,601
7,705
104
£3,000
4,287
4,797
510
£10,000
8,606
8,702
96
£7,000
6,486
6,844
358
293,258
423,259
130,001
15

THE NEWTON CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Market
Value
Cost
INVESTMENTS (CONTINUED)
As at 1 July 2023
Additions
Donated Shares
Disposals
Unrealised Profit in the Year
131,431
108,750
61,689
(8,622)
220,212
108,622
61,689
(19.882)
52,618
At 30 June 2024
293,248
423,259
GRANTS TO CHARITIES
The following charitable donations were made in the year: _
ACET UK
Barnabus Aid
Care for the Family
Holy Trinity
csw
Tear Fund
500
500
500
1,990
750
750
4,990
INDEPENDENT EXAMINER'S FEES
2024
2023
Fees for Examining the Financial Statements
Fees for Accounts Preparation
540
988
520
909
1,528
1,429
TRUSTEES EXPENSES
No remuneration or expenses were paid to any Trustee in the year to 30 June 2024 (2023
none).
RELATED PARTY TRANSACTIONS
No related party transactions arose in the year (2023 - £nil).
16

THE NEwfoN CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
FUNDS
Other
Balance at Incoming Resources recognlsed Balance al
01.07.23 Resources Expended galns/(losses) 30.06.24
Unrestricted Funds
General
231,645
167,530
7,933)
58,785
450,027
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Un-restricted
Funds
Total at
30.06.24
Fixed Asset Investments
Current Assets
Current Liabilities
423,259
28,645
(1,877)
423,259
28,645
(1,877
Total Net Assets
450,027
450,027
17