## **Patron: Mark Harper Registered Charity No: 1074500 Company Limited by Guarantee (Registration Number 3709565) Registered Address: 36 Broad St NEWENT Glos GL18 1AJ** E-mail: newentcc@gmail.com Phone: 01531 820782 ## Trustees Report for the Period 2022 - 2023. Newent Initiative Trust (The Trust), with its premises in the centre of Newent, provides a varied range of youth and community services. The Trust, just as similar charities, have experienced significant challenges during this reporting period. The increase in energy costs and availability of certain foodstuffs have driven us to readjust our community offerings, focusing more on supporting those most vulnerable. Notwithstanding this,, The Trust have performed a variety of activities, working closely with our local food bank, providing outreach activities with our at risk young people, giving guidance and reassurance to families, those living alone and isolated. As part of The Trust’s other community activities, The Trust continues to act as agent for the financial and project support to a small number of other local organisations, retaining and managing their various accounts, thereby enabling them to operate more effectively with the minimum of bureaucracy. With the valued support of other community-based groups The Trust were able to expand some services, albeit at some risk. Even with the excellent financial and welfare support provided by County, District and Local Councils, we continue drawing more upon our limited financial reserves. Our youth and community cafe activities have continued to prove to be successful, all of which clearly demonstrates The Trust’s inclusive approach and ongoing commitment to Newent and its surrounding areas. The burden of raising funding within an environment where charitable grants have been difficult to secure has fallen upon a small number of trustees, without whom the Charity would not have survived. The Trust will undoubtedly find the coming year even more challenging than previously as it strives to continue to deliver its charitable aims within our community, and the wider rural environment of which we are part. The Trustee's thanks are extended to our funders, staff, and volunteers, for their continuing belief and unstinting support throughout what has again been a difficult period. The Trust continues to remain optimistic and looking forward to a more stable and brighter future in which we can continue to thrive.. ## Keith C. Urch Keith C. Urch **Patron: Mark Harper Registered Charity No: 1074500 Company Limited by Guarantee (Registration Number 3709565) Registered Address: 36 Broad St NEWENT Glos GL18 1AJ** E-mail: newentcc@gmail.com Phone: 01531 820782 Chair of Trustees Newent Initiative Trust Endorsed for Issue by Trustees at their Meeting of 13[th] May 2024 REGISTERED COMPANY NUTrIBER: 03709565 (England ind W￿e$) REGJSTERED CHARITY NLIMBER: 1074500 RKPORT OF THE TRLSTKES LYD LINAUDITED FIPithCLiL srATElIE￿￿S FOR THE YEAR E.YDED 31 AUGUST 21123 FOR Newent Inltlxtlve Trust Knights 21 HigbDam Busiti￿ Centre Higbna GlouC￿l¢r$￿Ire GL? 8DN Newent Inltlative Trust CONTENTS OF THE FLYLNCL4J, ST ATENIENTS FOR TIIE YEAR ETr4DED 31 AUGLST 2023 Page Report of the Trustees Independent Examlner's Report StAtement of Ftlllnclal Attlvities Balanc¢ Sheet Notes to the Flnancial St*tements 5 to 8 Detalled Statement of Finan¢i41 A¢tivitl Newellt Inltiative Trust RP.PORT OF THE TRLISTEES FOR THF YY,AR ENDID 31 AUC.UST 20 The trustees wbo are atso directors of the charity for th¢ PUTPQS¢S of the Compatiies Act 21M>6, present their report with the financial st&tements of th- charity for th¢ year ¢ud¢d 31 AUg￿$t 20?3. The trustees bave adopted the provisions of Ac¢ounting and Reporting by Charities.. Statement of R¢Wu￿t￿d¢d Pra¢tice applicable to c4ariues preparing tbeir accounts in accordance with the Financial Reporting Standard appii¢abl¢ iD th¢ UK and Republic of Ireland (FRS 102) {Eff¢ctive l Jattuary 2019). STRUCTURE, GOVERNANCE ALYD mANAGE￿IEyT GoverDing documellt The cbarity. is Controll￿ by its governing docum￿¢ a deed of trJsL and constitutes a limited ¢ompally, li¥llit¢d by guarAnlee, as defined by the CompanieA Act 21M)6. REFERENCE ALND AD.MITrIISTRATIVE DETAILS Registered Company number 03709i65 (England and Wales) R¢gi$tered ChArlty llumber 1074500 Registered offi¢e 36 Broad Stre¢t Newent Gloucestershire GL18 IAJ Trustees M S Draper T ￿"bbott$ C B SLone T B Fowler R¢v S I V Mason H Feld Kcurch Mrs M J Highton Cotnpany Seeretary T Gibbons liidep¢od¢llt Examlner Knights 21 Higl)nam Business Celltre Highnam Gloucestershire GL2 8DN ApprovEd by order of the board of ttugtees on 13th May 2024 and signed Oll its behalf by: K Ur¢h- Tntst¢e Page I INDEPED•D£NT EXAMINER'S REPORT TO THE TRLSTEES OF EM'ENT INITIATIVE TRUST Independent ¢x&miller's report to the trust¢e8 of Newellt Inttiative Trnst {'the Compitty,) I report to the charity trnst¢¢s on my ¢xamiDation of tb¢ accounts of tbe Compally for the year ended 31 August 2023. Respon$ibiiitles and basis of report As the charity's t￿SteeS of thc Company (alld a150 its diJectors for the purp)ses of company law) you ar¢ responsible for the preparation of tbe accounts ill accoTdanc¢ with the requiieojcurs of the CompBni¢s Act 2006 {tb¢ 2006 ACV), Having Satisfied myself that the accounts of tbe Comp8ny not required to be audited under Pan 16 of the 2(106 Act And are eLigible for independent exatllination, E report in respect ofjny examination of your charli￿S accounts as Ca￿led OUL under Seeiion 145 of tbe Cbariiies Act 2011 {'the 2011 Act). tn carrying out my examination I have follow¢d th¢ Dire¢tion$ giveu by th¢ Charity Comnjission under Section 145(5) (b) of the 2011 ACL Illdepeudent ¢Ta￿lDer'S statejllent I hav¢ completed my examination. I that no matt¢rs have ¢tsthe to my att¢ntioll in collnection Hryth the exaniination giving me cause to believe= accounting records were not kept io respect of the Company as required by Section 386 of th¢ 2006 Act. or the aecounts do not accord with those records. or the accounts do llot comply with the AccoJnting requiTernents of Section 396 of the 2006 Act other than any requirement tb&t the aleoiints give a tsue and fair view whicb is not a matter cottsidered as part of an independent examination; or the aceounts have tkot beeu prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting alld reporting by eharities (applicable to clMtities preparing their accounts in accordance with the Financial Reporting Standard 8pplieable ill the UK and Republic ot Ireland (FRS 102)). I have no concerns and have come acros5 no other mattcrs in conDWtion with th¢ ¢iarnination to which attention sliould be drawn in this report in ol'der to enable a proper understsnding of the accovnts to be reachEd. Knights Knights Accountunts 21 Highnam Business Centre Highnam Gloucesteishire GL2 8DN Dat¢.' 15th May 2024 Page 2 Newent InltAative Trust STATEIIF.NT OF FINANCIAL ACTtI,ITIES FOR THV. I'F..AR ENDFD 31 AUGLST 2023 2023 2022 Total Unrestri¢ted funds Notes INCOME AND ED4DOWMENTS FROM Donations and legacies 34,102 23,743 Other trading a¢tivities 3.2119 631 2,4ll 79 Tot41 37,942 Charitable actiTritie$ NeweTht Initiative Trust Total 45,219 NET INCOMEI(EXPEtiDITURE) (7277) (19.773) RECONCILIATION OF FLryDS Total futtds brought forward 122,870 142,643 I'OTAL FUNDS CAIUUED FORWARD 115.593 122,870 The notes forni part of these fiDaDci&I statements Page 3 Newent Initiative TTU5t BALANCE SFtEET 31 ALC.UST 2023 2023 Unrestrict¢d 2022 Total fund$ Notes FIXED ASSETS Tangible assets 97,612 101,036 CURRENT ASSETS Debtors Casb at bank and iti halld 2,213 16,860 19,073 22,654 CREDrroRS Amounts falling due withm otte y (1,092) (820) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES l15,593 122.870 NET ASSETS 115,593 122,870 FUNDS Unrestricted funds 10 I15,593 122,870 TOTAL FUNDS 115)93 129.870 Th¢ charitable corapany is erntiiled to exemption from audit under Section 477 of the co￿panieS Act 2006 for the year ended JI August 21Y23. The n]embers have noi required the eotnpany to obtsill an audit of its fllLancial statements foi the year ended 31 Augusi 2023 in aceordan¢e with Section 476 of the Companies Act 26, present their report with the financial st&tements of th- charity for th¢ year ¢ud¢d 31 AUg￿$t 20?3. The trustees bave adopted the provisions of Ac¢ounting and Reporting by Charities.. Statement of R¢Wu￿t￿d¢d Pra¢tice applicable to c4ariues preparing tbeir accounts in accordance with the Financial Reporting Standard appii¢abl¢ iD th¢ UK and Republic of Ireland (FRS 102) {Eff¢ctive l Jattuary 2019). STRUCTURE, GOVERNANCE ALYD mANAGE￿IEyT GoverDing documellt The cbarity. is Controll￿ by its governing docum￿¢ a deed of trJsL and constitutes a limited ¢ompally, li¥llit¢d by guarAnlee, as defined by the CompanieA Act 21M)6. REFERENCE ALND AD.MITrIISTRATIVE DETAILS Registered Company number 03709i65 (England and Wales) R¢gi$tered ChArlty llumber 1074500 Registered offi¢e 36 Broad Stre¢t Newent Gloucestershire GL18 IAJ Trustees M S Draper T ￿"bbott$ C B SLone T B Fowler R¢v S I V Mason H Feld Kcurch Mrs M J Highton Cotnpany Seeretary T Gibbons liidep¢od¢llt Examlner Knights 21 Higl)nam Business Celltre Highnam Gloucestershire GL2 8DN ApprovEd by order of the board of ttugtees on 13th May 2024 and signed Oll its behalf by: K Ur¢h- Tntst¢e Page I INDEPED•D£NT EXAMINER'S REPORT TO THE TRLSTEES OF EM'ENT INITIATIVE TRUST Independent ¢x&miller's report to the trust¢e8 of Newellt Inttiative Trnst {'the Compitty,) I report to the charity trnst¢¢s on my ¢xamiDation of tb¢ accounts of tbe Compally for the year ended 31 August 2023. Respon$ibiiitles and basis of report As the charity's t￿SteeS of thc Company (alld a150 its diJectors for the purp)ses of company law) you ar¢ responsible for the preparation of tbe accounts ill accoTdanc¢ with the requiieojcurs of the CompBni¢s Act 2006 {tb¢ 2006 ACV), Having Satisfied myself that the accounts of tbe Comp8ny not required to be audited under Pan 16 of the 2(106 Act And are eLigible for independent exatllination, E report in respect ofjny examination of your charli￿S accounts as Ca￿led OUL under Seeiion 145 of tbe Cbariiies Act 2011 {'the 2011 Act). tn carrying out my examination I have follow¢d th¢ Dire¢tion$ giveu by th¢ Charity Comnjission under Section 145(5) (b) of the 2011 ACL Illdepeudent ¢Ta￿lDer'S statejllent I hav¢ completed my examination. I that no matt¢rs have ¢tsthe to my att¢ntioll in collnection Hryth the exaniination giving me cause to believe= accounting records were not kept io respect of the Company as required by Section 386 of th¢ 2006 Act. or the aecounts do not accord with those records. or the accounts do llot comply with the AccoJnting requiTernents of Section 396 of the 2006 Act other than any requirement tb&t the aleoiints give a tsue and fair view whicb is not a matter cottsidered as part of an independent examination; or the aceounts have tkot beeu prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting alld reporting by eharities (applicable to clMtities preparing their accounts in accordance with the Financial Reporting Standard 8pplieable ill the UK and Republic ot Ireland (FRS 102)). I have no concerns and have come acros5 no other mattcrs in conDWtion with th¢ ¢iarnination to which attention sliould be drawn in this report in ol'der to enable a proper understsnding of the accovnts to be reachEd. Knights Knights Accountunts 21 Highnam Business Centre Highnam Gloucesteishire GL2 8DN Dat¢.' 15th May 2024 Page 2 Newent InltAative Trust STATEIIF.NT OF FINANCIAL ACTtI,ITIES FOR THV. I'F..AR ENDFD 31 AUGLST 2023 2023 2022 Total Unrestri¢ted funds Notes INCOME AND ED4DOWMENTS FROM Donations and legacies 34,102 23,743 Other trading a¢tivities 3.2119 631 2,4ll 79 Tot41 37,942 Charitable actiTritie$ NeweTht Initiative Trust Total 45,219 NET INCOMEI(EXPEtiDITURE) (7277) (19.773) RECONCILIATION OF FLryDS Total futtds brought forward 122,870 142,643 I'OTAL FUNDS CAIUUED FORWARD 115.593 122,870 The notes forni part of these fiDaDci&I statements Page 3 Newent Initiative TTU5t BALANCE SFtEET 31 ALC.UST 2023 2023 Unrestrict¢d 2022 Total fund$ Notes FIXED ASSETS Tangible assets 97,612 101,036 CURRENT ASSETS Debtors Casb at bank and iti halld 2,213 16,860 19,073 22,654 CREDrroRS Amounts falling due withm otte y (1,092) (820) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES l15,593 122.870 NET ASSETS 115,593 122,870 FUNDS Unrestricted funds 10 I15,593 122,870 TOTAL FUNDS 115)93 129.870 Th¢ charitable corapany is erntiiled to exemption from audit under Section 477 of the co￿panieS Act 2006 for the year ended JI August 21Y23. The n]embers have noi required the eotnpany to obtsill an audit of its fllLancial statements foi the year ended 31 Augusi 2023 in aceordan¢e with Section 476 of the Companies Act 2