**Patron: Rt Hon The Lord 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 822487 2[nd] June 2026 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st AUGUST 2025 The Trustees who are also Directors of The Charity for the purposes of[the Companies ] Act 2006, present their report with the financial statements of the charity for the year end 31st August 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable[in the UK and the Republic] of Ireland (FRS 102) (effective 1 January 2019). Newent Initiative Trust (The Trust), with its premises in the centre of Newent,[provides an ] extensive range of youth and community services. Like many similar smaller charities, we have experienced significant challenges during this reporting period. As a result of significant increases in energy and employment costs, and more importantly, the UK wide reduction in funding opportunities, we have been forced for the third year, to utilise our reserve funds. With our reserve funds greatly reduced, we have readjusted our offerings, focussing more on supporting those most vulnerable and in need of daily support within our rural community. The Trust have however continued with their varied activities, working closely with, and supported by our local businesses, food bank, providing outreach activities with our at-risk young people, giving guidance and providing reassurance to those young, vulnerable adults, and those living alone and isolated. **Patron: Rt Hon The Lord 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 822487 As part of the Trust's other community activities, we have continued to act as agents providing project support to smaller community organisations, retaining and managing their various accounts, thereby enabling them to operate more effectively with the minimum of bureaucracy under the banner of Newent Initiative Trust. To summarise, with the reducing financial and welfare support provided by[ County, ] District, Town Council, and local community organisations, we find the Trust relying more on one-off grants and drawing more upon our limited financial reserves. The Trust’s youth and community cafe activities have continued to prove to be successful, demonstrating its inclusive approach and ongoing commitment to Newent and its surrounding areas. Community projects of specific note this period include the completion and rededication of Newent’s War Memorial, refurbishment of the external façade and internals of The ChillOut, community outings and the pre-planning phase of a much awaited Multi-wheeled Skatepark Facility. The burden of securing funding within an environment where charitable grants have[been ] difficult to obtain has fallen upon a smaller number of trustees, without whom the Charity would not have survived. The Trust will undoubtedly find the coming year even more challenging as it strives to continue to deliver its charitable aims and objectives. The Trust’s thanks are extended to all our funders, community supporters, staff and volunteers, for their continuing belief and support throughout what has become a difficult year. The Trust looks forward to a more financially stable and brighter[future in which we can ] continue to flourish and thrive to the benefit of our community. K. C. Urch On behalf of The Board of Trustees Newent Initiative Trust 2[nd] June 2026 **Patron: Rt Hon The Lord 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 822487 REGISTERED COMPANY L¥UMBER: 0370956S (Etteland and W41e5) REGISTERED CHARITY NUMBER: 1074500 REPORT OF THE TRLSTEES AJD UNAUDrrED FINA.%CIAL STATE_NIEf4TS FOR THE YEAR ENDED 31 AUGLST 21125 FOR evlettt Inlilative Tru¥t Knights Accolllltsllts and Tax Advisors 21 Higbnam Business Cents? Higbnam Gloucester GL2 8DN Newent Initi74tive Trust CONTENTS OF THE FL¥ANCL4L STATE.NIE)TS FOR THE AR ENDED 31 ALTGLST 2025 Page Report of the Trustees Independent Examiner's Report Statewent of Financial Aetivitiey Balance Sheet Notes to the Financial Statements 5 to 9 Detailed Statement of Fillancial Activities io Newent Initiatlve Trust REPORT OF THE TRL"STEES 'OK I'HE YEAR EP4DED 31 ALGUST 2025 The trustees who ate also direcroTS of the charity for the purposes of the Compat)ies Act 2￿6, pres¢llt th¢ir report with the financial ètAtements of the charity for the Y￿ end￿ 31 Augw8t 2025. The tsu5tees bave adopted th¢ provisio]ts of Accounting and Reporting by CEwities'. Statement of Reconuu￿ded Prnctice applicable to Cl￿rItIcS prepariug their account5 in accord8nce with the Financ￿1 RqK>rting Stalldard applicable ill the and Republi¢ of Ireland IFRS 102) (effective l January 2019). STRUCTURE, GOVERLYANCE AND LIqANAGEMENT Governing docume]kt Th¢ chaTity is controlled by its govwuing d0￿mell( a deed of trusL eonstitutes a limited company, tilljited by guar￿tee, ￿ defitted by the cO￿panIc3 Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Companv number 03709565 (Bng'alld aDd Iwales) R￿lstered Cknarity number I074500 Registered office 36 Broad Street Newent Gloucesiershire fjL18 IAJ Tru$tee$ S Draper H Field (resigned 30.9.25) K Urch r5 M J Highion rs J Gooch lappoitited l.10.25) E Hvdthfield (appolnted 21.11.24) T Gibbons {resigued 28.? 25) Nlrs C Stone Ir¢sign¢d 9.1224) Compgny Secretary N15 A Cox-Bentley Independent ExAmlner Knights Accountants alld l'ax AdvT8of5 21 Highnam Busilless Centse Highnam Glou¢ester GL2 8DN Approvedby order oftheboard of ￿SteeS on....................... QOQG . and signed on its behalf by: K Urch- Trust¢e Page I INDEPEE4DEL¥T EXLMINER'S REPORT TO THE TRLSTEES OF NEII'ENT IDaTL4TIIE TRUST Indepelldent examlner's report to the trusteos Of N¢￿ellt Initi&tlv¢ Trn5¢ Cihe Company,) I report 10 the charity trustees OD my exanLination of th¢ aw)unts of the Coojpany for the year ended JI Augvst 2025. Responsibtlities and bs$i5 of report As th¢ charity's trustees of the Cornpany (whd a]so its directors for the puryose6 ofcornpany law) you are responsible for th¢ pr¢paratiott of tlLe ae¢ounts in accordance with the rew*irerJents of the Companies Act 2006 {'the 2006 ACY). Having satisfied Tnyself that the accounts of the cornpan￿ are tjot required to be audited llnder Part 16 of the 2006 Act and are eligible for independent examination. I report itt respect o"" my examillatioll of yollr chariti s accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 ACQ. In eaTryiTLg out tny exatnination I have followed th¢ Directions given by the Charity Conllnission ulldet Section l45{5) (b) of th¢ 20I l A¢t. Independent examlner's statement I have completed nLy examination. I ¢oniimi that no nutteTS hwve come to my attention in cotjnection with the examiuation giving me ¢Luse to b¢li¢v¢'. ¢ourtting records were not kept tn respect of the Company as required by Section 386 of the 2006 Acl; or the accounts do not accord with those records," or the accounts do not comply with the accounimg requirements of SectiOD 396 of the 2006 Act other than any requirement that the accounts gilt a true aDd fair view which is not a m8tter considered as part of an independent exajnination,. or the accounts have not been prepared in accordance with the rneth¢yJs and principles of the Statement of Reco]ntr.ended Pr8cti¢¢ for accounting aud r¢porring by ctrLarities (appjicable to charities preparing their accounts irl &Ccordall￿ with th¢ FiDancial Repotting Standard applicable in the UK alld Republic of Ireland (FRS 102)). I have no concerns and have come ￿rosS no other matters in CODneetiott witlt th¢ ¢xamination to which attentiott should be dra￿￿ I￿ tbis report in order to enable a proper understanding oQ far as appli¢abl- to the chantable compaThy. Ib) These fmattcial statements have ￿en prepared in accordance with th¢ pn)visions applicable to eharitablo ¢ompanie8 subject to ihe Small companies regime. Th¢ fjn ial statements were approved by the BoArd of Tn￿1¢¢8 and #uthoTised for i&8ue on and wer¢ signed on its behalf by: b<.gL/ . The notes form part of th£* f￿anCIal statements Page 4 K Uryh- Trnst¢¢ The not¢s fonn part ofthese fmancial statem¢nts Page 4 Newent Initiatlve Trmst NOTES TO THE FLYAf4ciAL ST.4TEryIENI5 FOR THF, YF,.4R F,NDED 31 AIGLST 2025 ACCOUTr4TING POLICIES Balis of preparing the f￿anCIal statements The f￿anCIal state￿eryts of the ¢twitabl¢ co￿parIY. which 15 a public benefit etktity Under FRS 102. have been pr¢par¢d in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Cbarities.. StAtemeDt of Rewommended Practice applicable to chariries preparing their aecounts in accordanc¢ with the Finzncial Reporting Standard applicable in tbe UK and RepiJblic of Ireland IFRS 102) (eff¢ctiYe l January 2019),, Financial ReportirAg Standard I￿ The Financial Reportitig Standard applicable in the UK and Republic of treland, and the Companies Act 2006. The financial siatem¢nts hav¢ b¢¢n preparr4J ulldei the historical Cost coni'eTLUfln. Ineotne All income is r¢cognisEd iTh the Statm¢nt of Finaucial Activities once tbe chaTity has eDtittem¢nt to the fi]n(Ls, it 1$ probabl¢ that the ill¢ome will be [￿e1Ved and th¢ amount can be meawed rehably. Expenditur¢ Liabilities &re recognised &$ expendittwe Js soon as th.ere is a l¢gal (Trr CODslrnctive obligation committing the charity to that expenditrjre, it is probable tbat a transfei of econornic benefirs wll be r4uiTed in settlement and the amount of the oblLgatiott can be ￿¢aSLred rel￿bly. Expellditure is accounted for on Att accruals basis and has been classified under headitigs thai aggregate all c05t related tti the category. l&Trere costs cannot be directly attributed to partieulat beadmgs they have beetl alloc8=ed to activiues OTh a basis consistent with the use of resource$. Tgngible fiied w5sets Depreciation AS provided ai the following annual rates in order ￿ write off ea¢h &￿et over its ¢Stimat¢d useful Freehold property 15Yg on reducing balance and 2Q/o on ci)st Fixthres and fittings 15/• on reducing bai8n¢¢ Taxatfion Th¢ ¢haTity is ¢xempt fr(Trm corporation t&4 on its clwitabl¢ activities. Fund accounting UnrestLllC￿d fu1ds can be used in acconlance with the clwttable Objectiv￿ at th¢ discretion of the lThstees. Restricted funds can 0￿Y be used for particukv rtstricted purpos¢s within the obj- -cts of tbe charity. Restrictions arige when specified by tbe doThor o= whell fi]nds arc raiyed for particular restticled purposes. Furth¢r explanati(Fll of the nature and purpos¢ of eacb fund is included in the ttot¢s to the fiDancial staten]¢nt8. OTHER TRADING ACTIVITIES 2025 2024 Other in¢om¢ 2.772 4.443 Pag¢ 5 eolltinued... Newent Initiatlve Trust NOTES TO THE FIY.4NCIAL STATE.MEliTS- eontinlltd FOR THE YEAR ENDED 3 I .4UGLST 202S INVESTMENT INCOME 2025 20•4 Deposit ar￿Ullt interest 967 1,098 NET INCOMFJ(EXPENDITURE) Net incomel{expenditure) is ststed atier Ch￿10￿{¢red1tillg).' 2025 2024 DepreciLtiort- own¢d &5sets 3,403 3,412 TRUSTEES, REMUNERATION BEhTFITS Thcre We￿ no trustees, remullerntion or otbcr benefits for tb¢ yw ended 31 August 2025 nor for the year ended 31 August 2024. Trustees, expenses There wert no trustee5' ￿penSeS paid for the year ended 31 August 2025 nor for th¢ y¢aT ended 31 August 2024. COMPAL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITtLS Unrestricted fund Restricted funds Total funds INCOME AND EP*DOWMENTS FRO_M Donations and legacies 41,802 41,802 Other trading activities Investm¢nt in¢om¢ 4,443 4,443 I,098 Total 47.343 XPENDITURE ON Charitable activitSes Newent thitiative Tnjst 48.459 48,459 NET INCOMEI{EXPEDiDITURE) (1,116) {1.116} RECOEICILIATION OF FLINDS Totsl funds brought forn7rd 122,530 8,517 131,047 TOTAL FUNDS CARRIED FORIYARD 121414 8,517 129931 Page 6 continued... Newent Initiative Tru$t NOTES TO THE FINAf4CIAL STATEryILNTS- continued FOR TIIE YEAR Eh'DED 31 AUGLST 2025 TANGIBLE FLKED ASSETS Fixtures attd fittiti85 Fre¢hold properry Totals COST At I SeptettLber 2024 8ud 31 August 2025 167.560 175,773 DEPRECIATIOPI At I Scptcmbcr 2024 Clwge foryear 73,704 3,351 7.868 52 81,572 At 31 August 2025 77.055 84.975 NET BOOK VALUE At 31 August 2025 90,505 293 90.798 At 31 August 2024 93.856 345 94,201 DEBTORS: AMOUNTS FALLtP4G DUE WITHIN ONE YEAR 2025 2024 Prepayments 740 715 CREDrroRS: AMOUNTS FALL￿G DUE IITfHIN OI¥E YEAR 2025 2024 Social s¢¢urity tnd other tsxes Acctued exp¢rs¢s 192 1,119 2,131 2.131 io. MOVENIE￿T ￿ FUNDS N¢t tnovement in funds At 31.8.25 At 1.9.24 Unrestrlcted funds N¢went Initiative Trust 121.414 (17,343) 104,071 Re$tri¢t¢d fundj Joe Nleek Events Skate Park tDiernational Ftiendthip Group Repair Cafe Flood Club War Memorial Fund 579 7.134 407 397 579 5.798 407 164 130 3,896 (1,336} 130 3,896 2,327 TOTAL FUf4DS 129,931 14.886) P8gY 7 continued... NeweDt Initiative Trust IYOTES TO TIIE FIN.4NCIAL STATEN￿_5'TS- continued FOR THE YEAR ETr4DED 31 AUGLFST 2025 io. MOVLMENT IN FUNDS- contitiued Net movement in fijnds, included in the above are &s follows: Incoming resourees iiesources expend¢d Mov¢Jll¢nt in funds Unrestrleted lllnds Newent IttitiatiY¢ Trust 24.022 {38,167} (14,145) Restricted funds Skate Park Rcpair Cafe 684 (1,198) 1500) 6,120 (1.920) {1,236) 11,1981 15001 War h{emori￿ Fund 3.927) 5,847 741 TOTAL FUL4IDS 29,1?8 44,014 14,886 ConLpAratiY¢s for moyement ID funds Net movement in fiLllds At 31.824 At 1.9.23 Ullrestiicted funds Newelli Initiative Trnst 122.530 (1,116) 121,414 Restrleted fund$ Joe Meek Ev¢nts Skate Park International Friendsbip Gmp Repair Cafe 579 7,134 407 397 579 7.134 407 397 8.517 8.517 TOTAL FUNDS 131,047 1,116) 129 931 Comparative aet movement it] funds. included in the above are as follow$.' ID¢oming resources Resources expended Movement in funds Unrestrieted funds Newent Initiative Trust 47,343 (48,459) {1.116} TOTAL FUNDS 47J43 48,4)9 1.116 Page 8 ¢ontinued.. Newent Initiative T￿$t NOTES TO THE FINANCL4L STATEMEN'TS- continued UK THE YEAR ENDED 31 AUGLST 2023 io. MOVE.IIEP4T IN FUNDS- eoDtiDued A current year 12 llLonths and prior year 12 mondks eonthitt¢d position is as follows.. Nct rnovement in funds At 31.8.25 At 1.9.23 Urtre$tricted funds Ncwcni Initi&tive Trust 12?,530 (15261) I07269 Restricted funds Jtse Meek Event5 Skate Park ttttem&tional Ftiendship Group Repair Caf¢ Smart CA War Memorial Fund 579 7,134 407 397 579 5,898 407 1801) (500) 2,193 (1,236) {1,198) (soo) 2.193 8,517 741 7,776 TOTAL FUNDS 131,047 (16.(X)2} A current year 12 months and prior year 12 months combined net Tllovement in fi￿ds, included in th¢ abov¢ are as follows.. Incoming Tesources Resources expellded Movement in fi￿dS Unrestricted funds New¢nt Initiaiive Ttwst 71,365 {86,626) (15,261) R¢5tricted funds Skate Park Repair Cafe Sn]art CA War Me￿O￿al Fund 684 (1.1981 {5001 6,120 (1.920) (1,236) (1,198) (soo) 2,193 3,927 5.106 741 TOTAL FUNDS 76.471 92,4731 16.(X)2} ii. RELATED PARTY DISCLOSURES There were no r¢l&tcd party trnnsaciions for the y¢4r euded 31 August 2025. Page 9 Neweut IoitÉ#tive Trust DETAILED STATEIIENT OF FIN￿NC￿ ACTIVITIES OIi'I'IIE E.NDED 31 ALGLIST 2025 2025 2024 INCOME Ar￿ EPiDOWhlENTS Donations and legacie5 Gifts Don8tLons 9,898 15,490 3,705 38.097 25,389 41,802 Other trading activities Otber income 2.772 4,443 Invegtment income Deposit aceouttt itLterest 967 1,098 Total incoming re50Mrces 29,128 47,343 EXPENDITURE Charitable Letivitie8 Wages Rates and wat¢r Insurance Light and heat Telepholle Postage and stationery Sundries Comrnunity cafe R¢paiTS alld renewals Comput¢r aud l.T costs HAF Licenses atLd subscriptions Advertising and promoiions Cleaning cosis Community outin@trip8 Freehold propety Fixtllrcs and fLttings 27,294 770 1,592 1,888 14 56 100 485 4,164 97 L37 602 34.022 895 1,465 2,366 186 13 643 I,(M)3 864 391 333 384 132 75 1,214 3,351 61 424 3.351 52 41,026 47,398 Support cost8 Governonce costs Legal at]d professional f¢¢s Accounkmcy 1,920 1,068 35 1,026 2,988 Total r¢source5 expcndcd 44.014 48,459 Net expenditure 14,886 1,116) This page do¢$ not form pkrt of th¢ Siatutory financi815tstem¢nts Pag¢ 10 REGISTERED COMPANY L¥UMBER: 0370956S (Etteland and W41e5) REGISTERED CHARITY NUMBER: 1074500 REPORT OF THE TRLSTEES AJD UNAUDrrED FINA.%CIAL STATE_NIEf4TS FOR THE YEAR ENDED 31 AUGLST 21125 FOR evlettt Inlilative Tru¥t Knights Accolllltsllts and Tax Advisors 21 Higbnam Business Cents? Higbnam Gloucester GL2 8DN Newent Initi74tive Trust CONTENTS OF THE FL¥ANCL4L STATE.NIE)TS FOR THE AR ENDED 31 ALTGLST 2025 Page Report of the Trustees Independent Examiner's Report Statewent of Financial Aetivitiey Balance Sheet Notes to the Financial Statements 5 to 9 Detailed Statement of Fillancial Activities io Newent Initiatlve Trust REPORT OF THE TRL"STEES 'OK I'HE YEAR EP4DED 31 ALGUST 2025 The trustees who ate also direcroTS of the charity for the purposes of the Compat)ies Act 2￿6, pres¢llt th¢ir report with the financial ètAtements of the charity for the Y￿ end￿ 31 Augw8t 2025. The tsu5tees bave adopted th¢ provisio]ts of Accounting and Reporting by CEwities'. Statement of Reconuu￿ded Prnctice applicable to Cl￿rItIcS prepariug their account5 in accord8nce with the Financ￿1 RqK>rting Stalldard applicable ill the and Republi¢ of Ireland IFRS 102) (effective l January 2019). STRUCTURE, GOVERLYANCE AND LIqANAGEMENT Governing docume]kt Th¢ chaTity is controlled by its govwuing d0￿mell( a deed of trusL eonstitutes a limited company, tilljited by guar￿tee, ￿ defitted by the cO￿panIc3 Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Companv number 03709565 (Bng'alld aDd Iwales) R￿lstered Cknarity number I074500 Registered office 36 Broad Street Newent Gloucesiershire fjL18 IAJ Tru$tee$ S Draper H Field (resigned 30.9.25) K Urch r5 M J Highion rs J Gooch lappoitited l.10.25) E Hvdthfield (appolnted 21.11.24) T Gibbons {resigued 28.? 25) Nlrs C Stone Ir¢sign¢d 9.1224) Compgny Secretary N15 A Cox-Bentley Independent ExAmlner Knights Accountants alld l'ax AdvT8of5 21 Highnam Busilless Centse Highnam Glou¢ester GL2 8DN Approvedby order oftheboard of ￿SteeS on....................... QOQG . and signed on its behalf by: K Urch- Trust¢e Page I INDEPEE4DEL¥T EXLMINER'S REPORT TO THE TRLSTEES OF NEII'ENT IDaTL4TIIE TRUST Indepelldent examlner's report to the trusteos Of N¢￿ellt Initi&tlv¢ Trn5¢ Cihe Company,) I report 10 the charity trustees OD my exanLination of th¢ aw)unts of the Coojpany for the year ended JI Augvst 2025. Responsibtlities and bs$i5 of report As th¢ charity's trustees of the Cornpany (whd a]so its directors for the puryose6 ofcornpany law) you are responsible for th¢ pr¢paratiott of tlLe ae¢ounts in accordance with the rew*irerJents of the Companies Act 2006 {'the 2006 ACY). Having satisfied Tnyself that the accounts of the cornpan￿ are tjot required to be audited llnder Part 16 of the 2006 Act and are eligible for independent examination. I report itt respect o"" my examillatioll of yollr chariti s accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 ACQ. In eaTryiTLg out tny exatnination I have followed th¢ Directions given by the Charity Conllnission ulldet Section l45{5) (b) of th¢ 20I l A¢t. Independent examlner's statement I have completed nLy examination. I ¢oniimi that no nutteTS hwve come to my attention in cotjnection with the examiuation giving me ¢Luse to b¢li¢v¢'. ¢ourtting records were not kept tn respect of the Company as required by Section 386 of the 2006 Acl; or the accounts do not accord with those records," or the accounts do not comply with the accounimg requirements of SectiOD 396 of the 2006 Act other than any requirement that the accounts gilt a true aDd fair view which is not a m8tter considered as part of an independent exajnination,. or the accounts have not been prepared in accordance with the rneth¢yJs and principles of the Statement of Reco]ntr.ended Pr8cti¢¢ for accounting aud r¢porring by ctrLarities (appjicable to charities preparing their accounts irl &Ccordall￿ with th¢ FiDancial Repotting Standard applicable in the UK alld Republic of Ireland (FRS 102)). I have no concerns and have come ￿rosS no other matters in CODneetiott witlt th¢ ¢xamination to which attentiott should be dra￿￿ I￿ tbis report in order to enable a proper understanding oQ far as appli¢abl- to the chantable compaThy. Ib) These fmattcial statements have ￿en prepared in accordance with th¢ pn)visions applicable to eharitablo ¢ompanie8 subject to ihe Small companies regime. Th¢ fjn ial statements were approved by the BoArd of Tn￿1¢¢8 and #uthoTised for i&8ue on and wer¢ signed on its behalf by: b<.gL/ . The notes form part of th£* f￿anCIal statements Page 4 K Uryh- Trnst¢¢ The not¢s fonn part ofthese fmancial statem¢nts Page 4 Newent Initiatlve Trmst NOTES TO THE FLYAf4ciAL ST.4TEryIENI5 FOR THF, YF,.4R F,NDED 31 AIGLST 2025 ACCOUTr4TING POLICIES Balis of preparing the f￿anCIal statements The f￿anCIal state￿eryts of the ¢twitabl¢ co￿parIY. which 15 a public benefit etktity Under FRS 102. have been pr¢par¢d in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Cbarities.. StAtemeDt of Rewommended Practice applicable to chariries preparing their aecounts in accordanc¢ with the Finzncial Reporting Standard applicable in tbe UK and RepiJblic of Ireland IFRS 102) (eff¢ctiYe l January 2019),, Financial ReportirAg Standard I￿ The Financial Reportitig Standard applicable in the UK and Republic of treland, and the Companies Act 2006. The financial siatem¢nts hav¢ b¢¢n preparr4J ulldei the historical Cost coni'eTLUfln. Ineotne All income is r¢cognisEd iTh the Statm¢nt of Finaucial Activities once tbe chaTity has eDtittem¢nt to the fi]n(Ls, it 1$ probabl¢ that the ill¢ome will be [￿e1Ved and th¢ amount can be meawed rehably. Expenditur¢ Liabilities &re recognised &$ expendittwe Js soon as th.ere is a l¢gal (Trr CODslrnctive obligation committing the charity to that expenditrjre, it is probable tbat a transfei of econornic benefirs wll be r4uiTed in settlement and the amount of the oblLgatiott can be ￿¢aSLred rel￿bly. Expellditure is accounted for on Att accruals basis and has been classified under headitigs thai aggregate all c05t related tti the category. l&Trere costs cannot be directly attributed to partieulat beadmgs they have beetl alloc8=ed to activiues OTh a basis consistent with the use of resource$. Tgngible fiied w5sets Depreciation AS provided ai the following annual rates in order ￿ write off ea¢h &￿et over its ¢Stimat¢d useful Freehold property 15Yg on reducing balance and 2Q/o on ci)st Fixthres and fittings 15/• on reducing bai8n¢¢ Taxatfion Th¢ ¢haTity is ¢xempt fr(Trm corporation t&4 on its clwitabl¢ activities. Fund accounting UnrestLllC￿d fu1ds can be used in acconlance with the clwttable Objectiv￿ at th¢ discretion of the lThstees. Restricted funds can 0￿Y be used for particukv rtstricted purpos¢s within the obj- -cts of tbe charity. Restrictions arige when specified by tbe doThor o= whell fi]nds arc raiyed for particular restticled purposes. Furth¢r explanati(Fll of the nature and purpos¢ of eacb fund is included in the ttot¢s to the fiDancial staten]¢nt8. OTHER TRADING ACTIVITIES 2025 2024 Other in¢om¢ 2.772 4.443 Pag¢ 5 eolltinued... Newent Initiatlve Trust NOTES TO THE FIY.4NCIAL STATE.MEliTS- eontinlltd FOR THE YEAR ENDED 3 I .4UGLST 202S INVESTMENT INCOME 2025 20•4 Deposit ar￿Ullt interest 967 1,098 NET INCOMFJ(EXPENDITURE) Net incomel{expenditure) is ststed atier Ch￿10￿{¢red1tillg).' 2025 2024 DepreciLtiort- own¢d &5sets 3,403 3,412 TRUSTEES, REMUNERATION BEhTFITS Thcre We￿ no trustees, remullerntion or otbcr benefits for tb¢ yw ended 31 August 2025 nor for the year ended 31 August 2024. Trustees, expenses There wert no trustee5' ￿penSeS paid for the year ended 31 August 2025 nor for th¢ y¢aT ended 31 August 2024. COMPAL4TIVES FOR THE STATEMENT OF FINANCIAL ACTIVITtLS Unrestricted fund Restricted funds Total funds INCOME AND EP*DOWMENTS FRO_M Donations and legacies 41,802 41,802 Other trading activities Investm¢nt in¢om¢ 4,443 4,443 I,098 Total 47.343 XPENDITURE ON Charitable activitSes Newent thitiative Tnjst 48.459 48,459 NET INCOMEI{EXPEDiDITURE) (1,116) {1.116} RECOEICILIATION OF FLINDS Totsl funds brought forn7rd 122,530 8,517 131,047 TOTAL FUNDS CARRIED FORIYARD 121414 8,517 129931 Page 6 continued... Newent Initiative Tru$t NOTES TO THE FINAf4CIAL STATEryILNTS- continued FOR TIIE YEAR Eh'DED 31 AUGLST 2025 TANGIBLE FLKED ASSETS Fixtures attd fittiti85 Fre¢hold properry Totals COST At I SeptettLber 2024 8ud 31 August 2025 167.560 175,773 DEPRECIATIOPI At I Scptcmbcr 2024 Clwge foryear 73,704 3,351 7.868 52 81,572 At 31 August 2025 77.055 84.975 NET BOOK VALUE At 31 August 2025 90,505 293 90.798 At 31 August 2024 93.856 345 94,201 DEBTORS: AMOUNTS FALLtP4G DUE WITHIN ONE YEAR 2025 2024 Prepayments 740 715 CREDrroRS: AMOUNTS FALL￿G DUE IITfHIN OI¥E YEAR 2025 2024 Social s¢¢urity tnd other tsxes Acctued exp¢rs¢s 192 1,119 2,131 2.131 io. MOVENIE￿T ￿ FUNDS N¢t tnovement in funds At 31.8.25 At 1.9.24 Unrestrlcted funds N¢went Initiative Trust 121.414 (17,343) 104,071 Re$tri¢t¢d fundj Joe Nleek Events Skate Park tDiernational Ftiendthip Group Repair Cafe Flood Club War Memorial Fund 579 7.134 407 397 579 5.798 407 164 130 3,896 (1,336} 130 3,896 2,327 TOTAL FUf4DS 129,931 14.886) P8gY 7 continued... NeweDt Initiative Trust IYOTES TO TIIE FIN.4NCIAL STATEN￿_5'TS- continued FOR THE YEAR ETr4DED 31 AUGLFST 2025 io. MOVLMENT IN FUNDS- contitiued Net movement in fijnds, included in the above are &s follows: Incoming resourees iiesources expend¢d Mov¢Jll¢nt in funds Unrestrleted lllnds Newent IttitiatiY¢ Trust 24.022 {38,167} (14,145) Restricted funds Skate Park Rcpair Cafe 684 (1,198) 1500) 6,120 (1.920) {1,236) 11,1981 15001 War h{emori￿ Fund 3.927) 5,847 741 TOTAL FUL4IDS 29,1?8 44,014 14,886 ConLpAratiY¢s for moyement ID funds Net movement in fiLllds At 31.824 At 1.9.23 Ullrestiicted funds Newelli Initiative Trnst 122.530 (1,116) 121,414 Restrleted fund$ Joe Meek Ev¢nts Skate Park International Friendsbip Gmp Repair Cafe 579 7,134 407 397 579 7.134 407 397 8.517 8.517 TOTAL FUNDS 131,047 1,116) 129 931 Comparative aet movement it] funds. included in the above are as follow$.' ID¢oming resources Resources expended Movement in funds Unrestrieted funds Newent Initiative Trust 47,343 (48,459) {1.116} TOTAL FUNDS 47J43 48,4)9 1.116 Page 8 ¢ontinued.. Newent Initiative T￿$t NOTES TO THE FINANCL4L STATEMEN'TS- continued UK THE YEAR ENDED 31 AUGLST 2023 io. MOVE.IIEP4T IN FUNDS- eoDtiDued A current year 12 llLonths and prior year 12 mondks eonthitt¢d position is as follows.. Nct rnovement in funds At 31.8.25 At 1.9.23 Urtre$tricted funds Ncwcni Initi&tive Trust 12?,530 (15261) I07269 Restricted funds Jtse Meek Event5 Skate Park ttttem&tional Ftiendship Group Repair Caf¢ Smart CA War Memorial Fund 579 7,134 407 397 579 5,898 407 1801) (500) 2,193 (1,236) {1,198) (soo) 2.193 8,517 741 7,776 TOTAL FUNDS 131,047 (16.(X)2} A current year 12 months and prior year 12 months combined net Tllovement in fi￿ds, included in th¢ abov¢ are as follows.. Incoming Tesources Resources expellded Movement in fi￿dS Unrestricted funds New¢nt Initiaiive Ttwst 71,365 {86,626) (15,261) R¢5tricted funds Skate Park Repair Cafe Sn]art CA War Me￿O￿al Fund 684 (1.1981 {5001 6,120 (1.920) (1,236) (1,198) (soo) 2,193 3,927 5.106 741 TOTAL FUNDS 76.471 92,4731 16.(X)2} ii. RELATED PARTY DISCLOSURES There were no r¢l&tcd party trnnsaciions for the y¢4r euded 31 August 2025. Page 9 Neweut IoitÉ#tive Trust DETAILED STATEIIENT OF FIN￿NC￿ ACTIVITIES OIi'I'IIE E.NDED 31 ALGLIST 2025 2025 2024 INCOME Ar￿ EPiDOWhlENTS Donations and legacie5 Gifts Don8tLons 9,898 15,490 3,705 38.097 25,389 41,802 Other trading activities Otber income 2.772 4,443 Invegtment income Deposit aceouttt itLterest 967 1,098 Total incoming re50Mrces 29,128 47,343 EXPENDITURE Charitable Letivitie8 Wages Rates and wat¢r Insurance Light and heat Telepholle Postage and stationery Sundries Comrnunity cafe R¢paiTS alld renewals Comput¢r aud l.T costs HAF Licenses atLd subscriptions Advertising and promoiions Cleaning cosis Community outin@trip8 Freehold propety Fixtllrcs and fLttings 27,294 770 1,592 1,888 14 56 100 485 4,164 97 L37 602 34.022 895 1,465 2,366 186 13 643 I,(M)3 864 391 333 384 132 75 1,214 3,351 61 424 3.351 52 41,026 47,398 Support cost8 Governonce costs Legal at]d professional f¢¢s Accounkmcy 1,920 1,068 35 1,026 2,988 Total r¢source5 expcndcd 44.014 48,459 Net expenditure 14,886 1,116) This page do¢$ not form pkrt of th¢ Siatutory financi815tstem¢nts Pag¢ 10